2022-08-31-accounts

Trustees		Dr R Moody
		Mr P Elliott - Deputy Chair
		Mrs A Bhullar
		Mrs PAkhtar
		Mr P Dean
		Mrs 8 Chantrill	- Chair
		C A Boucher
		Mrs N P Hurley		(Appointed	9September
				2021)
Chief Executive		Mr TAshton
Charity number		1016744
Company	number	02775469
Principal address		30 Frog Island
		Off North Bridge Place
		Leicester
		LE3 5AG
Registered	office	30 Frog Island
		Off North Bridge Place
		Leicester
		LE3 5AG
Auditor		Somerbys Limited
		30 Nelson Street
		Leicester
		LE1 7BA
Bankers		HSBC Bank UK
		9Leicester Road
		Wigston
		Leicestershire
		LE181NR

		Page
Trustees' report		1 -12
Statement ofTrustees'	responsibilities
Independent auditor's	report	14-16
Statement offinancial	activities	17-18
Balance sheet		19
Statement ofcash flows		20
Notes to the financial	statements	21-34

Current financial year	Current financial year	Current financial year
				Unrestricted	Restricted	Total	Total
				funds	funds
				2022	2022	2022	2021
			Notes	f:	F	E	f
~ln om from:
Grants and donations				2,911		2,911	95,342
Charitable activities				1,786,612	196,976	1,983,588	1,333,660
Other trading activities				5,020		5,020	5,000
Investments				9,478		9,478	10,411
Total income				1,804,021	196,976	2,000,997	1,444,413
"!'!'
Total resources	expended			1,424,117	196,976	1,621,093	1,393,288
Net gains/(losses)		on investments		(33,694)		(33,694)	45,770
Net movement	in	funds		346,210		346,210	96,895
Fund balances	at 1 September 2021			1,497,419		1,497,419	1,400,524
Fund balances	at	31August 2022		1,843,629		1,843,629	1,497,419

Prior financial	yea	r
				Unrestricted	Restricted	Total
				funds	funds
				2021	2021	2021
			Notes	f.	E	F
rerermmee ffr mm:
Donations and	legacies			94,209	1,133	95,342
Charitable activities				1,137,943	195,717	1,333,660
Other trading activities				5,000		5,000
Investments				10,411		10,411
Total income				1,247,563	196,850	1,444,413
Total resources	expended			1,196,438	196,850	1,393,288
Net gains/(losses)		on investments		45,770		45,770
Net movement	in	funds		96,895		96,895
Fund balances	at 1 September 2020			1,400,524		1,400,524
Fund balances	at	31August 2021		1,497,419		1,497,419

							2022		2021
						Notes	E		E
Fixed assets
Tangible assets						12		4,434		9,939
Investments						13		908,461		437,456
								912,895		447,395
Current assets
Debtors						15	362,106		154,285
Cash at bank		and	in	hand			831,108		1,304,879
							1,193,214		1,459,164
Creditors:	amounts			falling	due within
one year						16	(262,480)		(409,140)
Net current	assets							930,734		1,050,024
Total assets		less	current		liabilities			1,843,629		1,497,419
Income funds
Unrestricted		funds
Designated	funds					21	217,696		233,000
General unrestricted				funds			1,625,933		1,264,419
								1,843,629		1,497,419
								1,843,629		1,497,419

				2022		2021
			Notes	E		F
Cash flows from operating		activities
Cash generated from/(absorbed by)			25
operations					21,790		(270,544)
Investing	activities
Purchase	oftangible fixed assets			(340)		(500)
Net income paid into investments				(4,699)		(504)
Purchase	ofother investments			(500,000)		(211,329)
Proceeds	on disposal ofother investments					160,445
Interest received				9,478		10,411
Net cash	used in investing	activities			(495,561)		(41,477)
Net cash	used in financing	activities
Net decrease in cash and		cash equivalents			(473,771)		(312,021)
Cash and	cash equivalents	at beginning	ofyear		1,304,879		1,616,900
Cash and	cash equivalents	at end ofyear			831,108		1,304,879

						Unrestricted	unrestricted	Restricted	Total
						funds	funds	funds
						general	general
						2022	2021	2021	2021
						F	E	E
Coronavirus	Job	Retention	Scheme	grant	income	2,911	94,209	1,133	95,342

						Charitable	Charitable
						Income	Income
						2022	2021
						E	E
Work Experience -		Health	&	Safety/Placement	services	332,845	124,471
Nuffield	programme					41,860	32,572
ESF - Leicester Employment				Hub			10,106
STEM						155,116	153,039
Careers	Education	Service				149,095	108,426
National	Citizen Service					1,304,672	905,046
						1,983,588	1,333,660
Analysis	by fund
Unrestricted funds		- general				1,786,612	1,137,943
Restricted funds						196,976	195,717
						1,983,588	1,333,660

			Unrestricted	Unrestricted
			funds	funds
			general	general
			2022	2021
			E
	Sponsorship	& initiatives	5,020	5,000
6	Investments
			Unrestricted	Unrestricted
			funds	funds
			general	general
			2022	2021
			E	E
	Income from	listed investments	7,370	4,844
	Bank interest	receivable	2,108	5,567
			9,478	10,411

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2022	2021
	E
4,350	4,200

Number ofe	mployees
		2022	2021
		Number	Number
		72	61
Employment	costs	2022	2021
			F
Wages and salaries		1,056,371	874,502
Social security costs		60,652	49,085
Other pension costs		69,502	69,208
		1,186,525	992,795

were:
			2022	2021
			Number	Number
F60,000	to	F70,000	1	1

					Unrestricted	Unrestricted
					funds	funds
					general	general
					2022	2021
					F	F
	Revaluation	ofinvestments			(33,694)	27,708
	Gain/(loss) on sale of		investments			18,062
					(33,694)	45,770
12	Tangible fixed assets
				Fixtures,	Computers	Total
				fittings &
				equipment
				F
	Cost
	At 1 September 2021			30,212	50,341	80,553
	Additions			340		340
	At 31August	2022		30,552	50,341	80,893
	Depreciation	and impairment
	At 1 September 2021			29,213	41,401	70,614
	Depreciation	charged	in the year	446	5,399	5,845
	At 31August	2022		29,659	46,800	76,459
	Carrying amount
	At 31August	2022		893	3,541	4,434
	At 31August	2021		999	8,940	9,939

13	Fixed asset investme	nts
					Listed
					investments
	Cost or valuation
	At 1 September 2021				437,456
	Additions				500,000
	Valuation changes				(33,694)
	Net income paid into	investments			4,699
	At 31August 2022				908,461
	Carrying amount
	At 31August 2022				908,461
	At 31 August 2021				437,456
				2022	2021
				E	F
	Investments at fair value comprise:
	Cash deposits			1,029	1,816
	Quoted securities			907,432	435,640
				908,461	437,456
	Quoted securities are	valued at the market	value at the year end.
14	Financial instruments			2022	2021
					E
	Carrying amount of	financial assets
	Instruments measured	at fair value through	profit or loss	908,461	437,456
15	Debtors
				2022	2021
	Amounts falling due	within one year:		E	F
	Trade debtors			146,746	28,520
	Other debtors			208,845	119,096
	Prepayments and accrued income			6,515	6,669
				362,106	154,285

16	Creditors: amounts	Creditors: amounts	Creditors: amounts	falling	due within one year
								2022	2021
							Notes	E	E
	Other taxation		and social security					16,607	13,762
	Deferred	income					17	41,047	30,881
	Trade creditors							22,931	21,010
	Other creditors							12,824	12,442
	Accruals							169,071	331,045
								262,480	409,140
17	Deferred	income
								2022	2021
								E	f
	Other deferred		income					41,047	30,881
	Deferred	income is		included	in the financial statements	as follows:
								2022	2021
								E	F
	Deferred	income is		included	within:
	Current	liabilities						41,047	30,881

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				Balance at	Resources	Balance at
			1	September	expended	31August
				2021		2022
				E		E
Doing	Good	project		233,000	(15,304)	217,696
				233,000	(15,304)	217,696

22	Analysis of	net assets	between	funds
			Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
				2022	2022	2022	2021	2021	2021
				E	E	E	f		E
	Fund balances at 31
	August 2022	are
	represented	by:
	Tangible assets			4,434		4,434	9,939		9,939
	Investments		908,461			908,461	437,456		437,456
	Current assets/(liabilities)		930,734			930,734	1,050,024		1,050,024
			1,843,629			1,843,629	1,497,419		1,497,419

	2022	2021
	E	E
Within one year	35,770	34,979
Between two and five years	52,708	642
	88,478	35,621

25	Cash generated from operations	Cash generated from operations					2022	2021
							F	E
	Surplus for the year						346,210	96,895
	Adjustments for:
	investment income recognised	in	statement		offinancial	activities	(9,478)	(10,411)
	Gain on disposal ofinvestments							(18,062)
	Fair value gains and losses on	investments					33,694	(27,708)
	Depreciation and impairment oftangible			fixed assets			5,845	7,222
	Movements in working capital:
	(Increase) in debtors						(207,821)	(69,596)
	(Decrease)/increase in creditors						(156,826)	126,262
	Increase/(decrease) in deferred	income					10,166	(375,146)
	Cash generated from/(absorbed		by) operations				21,790	(270,544)