## |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 ff**r**
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| |||||||||||NNN|(D||CO
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I-| ## ## ## ## |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| ## ## ## |||||||(I(
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Pn| ## ## ## |||||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)|