| Page | ||
|---|---|---|
| Reference and Administrative Details ofthe Company, |
its Trustees and Advisers | |
| Trustees' Report | 2-6 | |
| Independent Examiner's Report |
7-8 | |
| Statement of Financial Activities | ||
| Balance Sheet | 10-11 | |
| Statement ofCash Flows |
12 | |
| Notes to the Financial Statements | 13-31 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| Note | 2023 | 2023f | 2023 | 2022 | ||
| Income from: | ||||||
| Donations and legacies |
96,143 | 201,486 | 297,629 | 100,854 | ||
| Charitable activities |
494,761 | 494,761 | 335,120 | |||
| Other trading activities |
99,741 | 99,741 | 56,532 | |||
| Other income | 8,450 | 8,450 | 184 | |||
| Total income | 699,095 | 201,486 | 900,581 | 492,690 | ||
| Expenditure on: |
||||||
| Raising funds | 46,433 | 46,433 | 35,103 | |||
| Charitable activities |
526,683 | 126,490 | 653,173 | 549,926 | ||
| Total expenditure | 573,116 | 126,490 | 699,606 | 585,029 | ||
| Net movement in funds |
125,979 | 74,996 | 200,975 | (92,339) | ||
| Reconciliation offunds: |
||||||
| Total funds brought |
forward | 1,265,370 | 52,108 | 1,317,478 | 1,409,817 | |
| Net movement in funds |
125,979 | 74,996 | 200,975 | (92,339) | ||
| Total funds carried | forward | 1,391,349 | 127,104 | 1,518,453 | 1,317,478 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | E | ||||||||
| Fixed assets | |||||||||
| Tangible assets | 12 | 1,699,981 | 1,714,269 | ||||||
| Current assets | |||||||||
| Debtors | 43,090 | 49,129 | |||||||
| Cash at bank and | in | hand | 693,346 | 537,707 | |||||
| 736,436 | 586,836 | ||||||||
| Creditors: amounts | falling | due within one | |||||||
| year | 14 | (70,071) | (100,049) | ||||||
| Net current assets | 666,365 | 486,787 | |||||||
| Total assets less | current | liabilities | 2,366,346 | 2,201,056 | |||||
| Creditors: amounts | falling | due after more | |||||||
| than one year | 15 | (847,893) | (883,578) | ||||||
| Net assets excluding | pension asset | 1,518,453 | 1,317,478 | ||||||
| Total net assets | 1,518,453 | 1,317,478 | |||||||
| Charity funds | |||||||||
| Restricted funds |
17 | 127,104 | 52,108 | ||||||
| Unrestricted funds |
17 | 1,391,349 | 1,265,370 | ||||||
| Total funds | 1,518,453 | 1,317,478 |
| STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | ||||
|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 MARCH 2023 | |||||
| 2023 | 2022 | ||||
| E | |||||
| Cash flows from operating | activities | ||||
| Net cash used in operating |
activities | 180,259 | (120,222) | ||
| Cash flows from investing | activities | ||||
| interest received | 8,450 | 1$4 | |||
| Net cash provided by investing activities |
8,450 | 184 | |||
| Cash flows from financing | activities | ||||
| Repayments of borrowing |
(33,070) | (31,657) | |||
| Net cash used in financing | activities | (33,070) | (31,657) | ||
| Change in cash and cash |
equivalents | in | the year | 155,639 | (151,695) |
| Cash and cash equivalents | at the beginning | of the year | 537,707 | 669,402 | |
| Cash and cash equivalents | at the end of | the year | 693,346 | 537,707 | |
| The notes on pages 13to 31 form part | ofthese financial statements |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023f | 2023 | 2023 | |||
| Donations | and gifts | 96,143 | 201,486 | 297,629 | |
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| Donations | and gifts | 55,156 | 31,372 | 86,528 | |
| Government | grants | 14,326 | 14,326 | ||
| 69,482 | 31,372 | 100,854 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2023 | |||
| F | ||||
| Training | and school income | 494,348 | 494,348 | |
| SNAP Enterprises | and outwork | 413 | 413 | |
| 494,761 | 494,761 | |||
| Unrestricted | Total | |||
| funds | funds | |||
| 2022 | 2022f | |||
| Training | and school income | 334,332 | 334,332 | |
| SNAP Enterprises | and outwork | 788 | 788 | |
| 335,120 | 335, '/20 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2023f | ||
| Fundraising | events | 59,822 | 59,822 |
| Facility hire | 39,919 | 39,919 | |
| 99,741 | 99,?41 |
| Income fro | m non charitable trading activities |
(continued) | |
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 2022 | 2022 | ||
| Fundraising | events | 17,392 | 17,392 |
| Facility hire | 39,140 | 39,140 | |
| 56,532 | 56,532 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2023 | |||
| E | ||||
| Bank | Interest | recieved | 8,450 | 8,450 |
| Unrestricted | Total | |||
| funds | funds | |||
| 2022f | 2022 | |||
| Bank | Interest | recieved | 184 | 184 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total | ||
| 2023 | 2023f | 2023 F |
||
| Charitable | activities | 526,683 | 126,490 | 653,173 |
| Unrestricted | Restricted | |||
| funds | funds | Total | ||
| 2022 | 2022 | 2022 | ||
| Charitable | activities | 482,182 | 67,744 | 549,926 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total | |||
| directly | funds | |||
| 2023 | 2023 | |||
| Charitable | activities | 653,173 | 653,173 | |
| Activities | ||||
| undertaken | Support | Total | ||
| directly | costs | funds | ||
| 2022 E |
2022 | 2022f | ||
| Charitable | activities | 539,558 | 10,368 | 549,926 |
| Total | Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||||
| 2023f | 2022 | |||||||||
| Staff costs | 475,265 | 392,632 | ||||||||
| Depreciation | 14,288 | 16,288 | ||||||||
| Photocopier lease | 4,193 | 3,853 | ||||||||
| Water | 1,370 | 1,065 | ||||||||
| Light and heat | 20,361 | 12,758 | ||||||||
| Repairs and maintenance | 25,658 | 31,369 | ||||||||
| Insurance | 10,991 | 11,575 | ||||||||
| Refuse and skip hire | 2,335 | 3,090 | ||||||||
| Motor vehicle expenses | 1,528 | 1,056 | ||||||||
| Other travel costs | 623 | 74 | ||||||||
| Sundry expenses/subscription | 5,392 | 3,881 | ||||||||
| Legal and professional | expenses | 25,141 | 3,353 | |||||||
| Other office costs | 428 | 243 | ||||||||
| Interest on bank loans | 35,262 | 36,808 | ||||||||
| Other charitable expenditure |
30,338 | 21,513 | ||||||||
| 653,173 | 539,558 | |||||||||
| 9. | Independent examiner's |
remuneration | ||||||||
| 2023 | 2022 | |||||||||
| E | ||||||||||
| Fees payable to the Company's | independent | examiner | for the independent | |||||||
| examination of the Company's |
annual | accounts | 3,250 | |||||||
| Fees paid to Company's | auditors | for | the audit | ofthe financial statements | 5,760 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| E | |||||
| Wages and | salaries | 452,680 | 382,769 | ||
| Social security costs | 30,588 | 25,615 | |||
| Contribution | to defined | contribution | pension schemes | 15,9?5 | 13,429 |
| 499,243 | 421,813 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| No. | No. | ||||
| Charitable | activities | 16 | 14 | ||
| Costs ofgenerating | funds | 1 | 1 | ||
| Management | and administration | ? | 7 | ||
| 24 | 22 |
| Long-term | |||||
|---|---|---|---|---|---|
| Freehold | leasehold | Motor | Fixtures and | ||
| property | propertyf | vehicles | fittingsf | Totalf | |
| Cost or valuation | |||||
| At 1 April 2022 | 2,118,554 | 225,000 | 12,450 | 109,010 | 2,465,014 |
| At 31 March 2023 | 2,118,554 | 225,000 | 12,450 | 109,010 | 2,465,014 |
| Depreciation | |||||
| At 1 April 2022 | 629,285 | 12,450 | 109,010 | 750,745 | |
| Charge for the year | 14,288 | 14,288 | |||
| At 31 March 2023 | 643,573 | 12,450 | 109,010 | 765,033 | |
| Net book value | |||||
| At 31 March 2023 | 1,474,981 | 225,000 | 1,699,981 | ||
| At 31March 2022 | 1,489,269 | 225,000 | 1,714,269 |
| 2023f | 2022 | ||
|---|---|---|---|
| Due within one year | |||
| Trade debtors | 22,563 | 13,518 | |
| Other debtors | 424 | ||
| Prepayments | and accrued income | 20,103 | 35,611 |
| 43,090 | 49,129 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Bank loans | 35,684 | 33,069 | ||
| Trade creditors | 13,603 | 10,112 | ||
| Other taxation | and social security | 8,064 | 7,642 | |
| Other creditors | 940 | 41,611 | ||
| Accruals and deferred | income | 11,780 | 7,615 | |
| 70,071 | 100,049 |
| 2023f | 2022 |
|---|---|
| 847,893 | 883,578 |
| 2023 | 2022 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial | assets | ||||||||||
| Financial | assets | measured | at | fair | value | through | income | and | expenditure | 693,346 | 537,707 |
| Statement offunds - curr |
ent | year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 31 March | |||||
| April 2022f | Income f |
Expenditure | 2023f | |||
| Unrestricted funds |
||||||
| Designated funds |
||||||
| Designated Funds - all funds |
379,142 | 379,142 | ||||
| General funds | ||||||
| General Funds - all funds |
886,228 | 699,095 | (573,116) | 1,012,207 | ||
| Total Unrestricted funds |
1,265,370 | 699,095 | (573,116) | 1,391,349 | ||
| Restricted funds | ||||||
| MK Community Foundation |
16,481 | 25,000 | (32,193) | 9,288 | ||
| Eranda Rothschild | 15,000 | (5,801) | 9,199 | |||
| Forbes Charitable Trust |
25,000 | (25,000) | ||||
| L & Q September 2022 | 9,998 | (9,998) | ||||
| The TNL Community Fund |
45,488 | (22,681) | 22,807 | |||
| Rotary | ||||||
| Rix-Thomas Rothenberg |
||||||
| Wallace Bell | ||||||
| Wolfson Foundation | ||||||
| JW Memorial Donation |
3,256 | (3,256) | ||||
| Draper Charitable Fund |
10,000 | (10,000) | ||||
| LBQ | 1,576 | (1,576) | ||||
| TVP Community Fund |
795 | (795) | ||||
| The Baily Thomas Charitable | Fund | 5,000 | (5,000) | |||
| The Band Trust | 80,000 | (6,210) | 73,790 | |||
| Anton Jurgens Charitable |
Trust | 4,000 | {1,191) | 2,809 | ||
| Childwick Trust |
10,000 | (789) | 9,211 | |||
| The Arts Society North Bucks | 1,000 | {1,000) | ||||
| Rank Foundation | 500 | (500) | ||||
| Neighbourly Lidl Community |
500 | (500) |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | 31March | ||||||
| 1April 2021 | Income | Expenditure | 2022 | ||||
| Unrestricted funds |
|||||||
| Designated funds |
|||||||
| Designated Funds - all funds |
379,142 | 379,142 | |||||
| General funds | |||||||
| General Funds - all funds | 939,945 | 46/,318 | (515,035) | 886,228 | |||
| Total Unrestricted funds |
1,319,087 | 461,318 | (515,035) | 1,265,370 | |||
| Restricted funds | |||||||
| MK Community Foundation |
26,286 | (9,805) | 16,481 | ||||
| Eranda Rothschild | 15,000 | 15,000 | |||||
| MK Council | 1,515 | 9,877 | (11,392) | ||||
| Garfield Weston | 15,000 | (15,000) | |||||
| The TNL Community | Fund | 4,450 | (4,450) | ||||
| Rotary | 2,013 | (2,013) | |||||
| Rix-Thomas Rothenberg |
7,000 | (7,000) | |||||
| Wallace Bell | 2,000 | (2,000) | |||||
| Wolfson Foundation | 8,996 | (8,996) | |||||
| JW Memorial Donation |
8,470 | (5,214) | 3,256 | ||||
| Draper Charitable Fund |
10,000 | 10,000 | |||||
| L&Q | 9,970 | (8,394) | 1,576 | ||||
| TVP Community Fund |
975 | (180) | 795 | ||||
| The Baily Thomas Charitable | Fund | 5,000 | 5,000 | ||||
| The Band Trust | |||||||
| Anton Jurgens Charitable |
Trust | ||||||
| Childwick Trust |
|||||||
| The Arts Society North | Bucks | ||||||
| Rank Foundation | |||||||
| Neighbourly Lidl Community |
| Summary | offunds -current ye | ar | |||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at 1 | 31 March | ||||
| April 2022f | Income f |
Expenditure f |
2023 f |
||
| Designated | funds | 379,142 | 379,142 | ||
| General funds | 886,228 | 699,095 | (573,116) | 1,012,207 | |
| Restricted | funds | 52,108 | 201,486 | (126,490) | 127,104 |
| 1,317,478 | 900,581 | (699,606) | 1,518,453 |
| Summary | offunds - prior year | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | 31March | ||||
| 1April 2021f | Income f |
Expenditure f |
2022 f |
||
| Designated | funds | 379,142 | 379,142 | ||
| General funds | 939,945 | 461,318 | (515,035) | 886,228 | |
| Restricted | funds | 90,730 | 31,372 | (69,994) | 52,108 |
| 1,409,817 | 492,690 | (585,029) | 1,317,478 |
| Analysis | of net assets between | funds - current year | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2023 | 2023f | 2023 | |||
| Tangible | fixed assets | 1,699,981 | 1,699,981 | ||
| Current | assets | 609,332 | 127,104 | 736,436 | |
| Creditors | due within one year | (70,071) | (70,071) | ||
| Creditors | due in more than one year | (847,893) | (847,893) | ||
| Total | 1,391,349 | 127,104 | 1,518,453 | ||
| Analysis | of net assets between | funds - prior year | |||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2022f | 2022f | 2022 | |||
| Tangible | fixed assets | 1,714,269 | 1,714,269 | ||
| Current assets | 534,728 | 52,108 | 586,836 | ||
| Creditors | due within one year | (100,049) | (100,049) | ||
| Creditors | due in more than one year | (883,578) | (883,578) | ||
| Total | 1,265,370 | 52,108 | 1,317,478 |
| 20. | Reconciliatio | n of |
ne | t | movem | ent | in fun | ds t | o net | cash flow | from | operating | activities | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||||||||
| E | ||||||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of | Financial | ||||||
| Activities) | 200,975 | (92,339) | ||||||||||||
| Adjustments | for: | |||||||||||||
| Depreciation | charges | 14,288 | 16,287 | |||||||||||
| Dividends, interests |
and rents | from | investments | (8,450) | (184) | |||||||||
| Decrease/(increase) | in | debtors | 6,039 | (27,419) | ||||||||||
| Decrease in |
creditors | (32,593) | (16,567) | |||||||||||
| Net cash provided | by/(used | in) operating | activities | 180,259 | (120,222) | |||||||||
| 21. | Analysis of | cash and | cash equivalents | |||||||||||
| 2023 | 2022 | |||||||||||||
| Cash in hand |
693,346 | 537,707 | ||||||||||||
| Total cash and cash | equivalents | 693,346 | 537,707 |
| At 1 April | At 31 March | |||||
|---|---|---|---|---|---|---|
| 2022 | Cash flows f |
2023 F |
||||
| Cash | at bank and | in hand | 537,707 | 155,639 | 693,346 | |
| Debt | due within | 1 | year | (33,069) | (2,615) | (35,684) |
| Debt | due after | 1 year | (883,578) | 35,685 | (847,893) | |
| (378,940) | 188,709 | (190,231) |