| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 7 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | |||
| Notes to the Financial Statements | 12 | to | 19 |
| Detailed Statement of Financial Activities | 20 | to | 21 |
| for t | he ear ended 31st March |
2023 | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | ||||
| INCOME AND ENDOWMENTS | FROM | |||
| Work related experiences | 1,36],056 | 1,158,814 | ||
| Investment income |
597 | 21 | ||
| Total | 1,361,653 | 1,158,835 | ||
| EXPENDITURE ON | ||||
| Work related experiences | 1,081,974 | 978,676 | ||
| Support costs | 275,793 | 249,770 | ||
| Total | 1,357,767 | 1,228,446 | ||
| NET INCOME/(EXPENDITURE) | 3,886 | (69,611) | ||
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward |
271,404 | 341,015 | ||
| TOTAL FUNDS CARRIED FORWARD | 275,290 | 271,404 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Total | Total | |||
| funds | funds | |||
| Notes | ||||
| FIXED | ASSETS | |||
| Tangible | assets | 14 | 36,713 | 45,049 |
| CURRENT ASSETS | ||||
| Debtors | 15 | 277,096 | 237,755 | |
| Cash at | bank and in hand | 452,175 | 314,627 | |
| 729,271 | 552,382 | |||
| CREDITORS | ||||
| Amounts | falling due within one year | 16 | (464,861) | (290,194) |
| NET CURRENT ASSETS | 264,410 | 262,188 | ||
| TOTAL | ASSETSLESSCURRENT | |||
| LIABILITIES | 301,123 | 307,237 | ||
| CREDITORS | ||||
| Amounts | falling due aAer more than one year | 17 | (25,833) | (35,833) |
| NET ASSETS | 275,290 | 271,404 | ||
| FUNDS | 20 | |||
| Unrestricted funds: |
||||
| General | fund | 275,290 | 271,404 | |
| TOTAL | FUNDS | 275,290 | 271,404 |
| CASH FL | CASH FL | W STAT | MENT | |||||
|---|---|---|---|---|---|---|---|---|
| for the | ear ended 31st March 2023 | |||||||
| 2023 | 2022 | |||||||
| Notes | ||||||||
| Cash flows from | operating | activities | ||||||
| Cash generated from operations |
155,016 | (130,218) | ||||||
| Interest paid | (1,033) | (646) | ||||||
| Net cash provided | by/(used | in) operating | activities | 153,983 | (130,864) | |||
| Cash flows from | investing | activities | ||||||
| Purchase oftangible fixed assets |
(7,032) | (8,645 ) | ||||||
| Interest received | 597 | 21 | ||||||
| Net cash used in | investing | activities | (6,435 ) | (8,624 ) | ||||
| Cash flows from | financing | activities | ||||||
| Loan repayments | in year | (10,000) | (4, 167 ) | |||||
| Net cash used in | financing | activities | (10,000) | (4,167) | ||||
| Change in cash |
and cash | equivalents | in | |||||
| the reporting period |
137,548 | (143,655) | ||||||
| Cash and cash equivalents | at the | |||||||
| beginning ofthe |
reporting | period | 314,627 | 458,282 | ||||
| Cash and cash equivalents | at the end | of | ||||||
| the reporting period |
452,175 | 314,627 |
| OPERATING AC | TIVI | TI | ES | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Net income/(expenditure) | for the reporting | period (as per the | ||||
| Statement ofFinancial Adjustments for: |
Activities) | 3,886 | (69,611) | |||
| Depreciation charges Loss on disposal offixed |
assets | 11,310 4,057 |
12,061 | |||
| Interest received | (597) | (21) | ||||
| Interest paid | 1,033 | 646 | ||||
| Increase in debtors |
(39,341) | (51,770) | ||||
| Increase/(decrease) | in creditors | 174,668 | (21,523) | |||
| Net cash provided | by/(used | in) operations | 155,016 | (130,218) |
| At 1.4.22 | Cash flow | At 31.3.23 | |||
|---|---|---|---|---|---|
| Net cash | |||||
| Cash at bank and in hand | 314,627 | 137,548 | 452,175 | ||
| 314,627 | 137,548 | 452,175 | |||
| Debt | |||||
| Debts falling due within | 1 year | (10,000) | (10,000) | ||
| Debts falling due afler | 1 | year | (35,833) | 10,000 | (25,833) |
| (45,833) | 10,000 | (35,833) | |||
| Total | 268,794 | 147,548 | 416,342 |
| WORK RE | LATED EX | PERIENCES | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Work related | experiences | 1,352,667 | 1,067,983 | ||
| Grants | 8,389 | 90,831 | |||
| 1,361,056 | 1,158,814 | ||||
| Grants received, included | in the above, are as follows: | ||||
| 2023 | 2022 | ||||
| Other grants | 8,389 | 90,831 | |||
| 4. | INVESTMENT INCOME | ||||
| 2023 | 2022 | ||||
| Deposit account interest | 597 | 21 | |||
| 5. | WORK RELATED EXPERIENCES | ||||
| Other trading activities | |||||
| 2023 | 2022 | ||||
| Purchases | 42,357 | 72,081 | |||
| Staff costs | 677,435 | 544,180 | |||
| Bad debts | 1,980 | 5,380 | |||
| Travel &subsistence | 8,298 | 4,197 | |||
| Consultancy | fees | 214,688 | 144,307 | ||
| Staff recruit. | 8c agency costs | 137,216 | 208,531 | ||
| 1,081,974 | 978,676 |
| SUPPORT | COSTS | ||||
|---|---|---|---|---|---|
| Governance | |||||
| Management | Finance | costs | Totals | ||
| Other resources expended | 266,622 | 1,318 | 7,853 | 275,793 | |
| NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) is |
stated aAer charging/(crediting); | ||||
| 2023 | 2022 | ||||
| Depreciation | -owned assets | 11,311 | 12,060 | ||
| Deficit on disposal offixed | assets | 4,057 | |||
| AUDITORS' | REMUNERATION | ||||
| 2023 | 2022 | ||||
| Fees payable | to the charity's | auditors for the audit ofthe charity's | financial | ||
| statements | 6,989 | 6,000 |
| 2023 | 2022 | ||
|---|---|---|---|
| Wages | and salaries | 621,161 | 502,135 |
| Social | security costs | 44,661 | 32,889 |
| Other | pension costs | 11,613 | 9,156 |
| 677,435 | 544,180 |
| 2023 | 2022 | ||
|---|---|---|---|
| Charitable | activities | 22 | 19 |
| Administrative | 3 | 5 | |
| Health & | Safety | 11 | 7 |
| 36 | 31 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Plant and | Computer | |||
| machinery | equipment | Totals | ||
| COST | ||||
| At 1st April 2022 | 47,484 | 63,756 | 111,240 | |
| Additions | 4,612 | 2,420 | 7,032 | |
| Disposals | (5,825) | (12,195) | (18,020) | |
| At 31st March 2023 | 46,271 | 53,981 | 100,252 | |
| DEPRECIATION | ||||
| At 1st April 2022 | 19,100 | 47,091 | 66,191 | |
| Charge for year | 4,950 | 6,361 | 11,311 | |
| Eliminated on disposal |
(3,778) | (10,185) | (13,963) | |
| At 31st March 2023 | 20,272 | 43,267 | 63,539 | |
| NET BOOK VALUE | ||||
| At 31st March 2023 | 25,999 | 10,714 | 36,713 | |
| At 31st March 2022 | 28,384 | 16,665 | 45,049 | |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | |||
| Trade debtors | 229,264 | 161,966 | ||
| Amounts owed by participating |
interests | 282 | ||
| Other debtors | 15,070 | 20,274 | ||
| Prepayments and accrued income |
32,762 | 55,233 | ||
| 277,096 | 237,755 |
| 16. | CREDITORS: AMOUNT | S FALLING DUE | WITHIN | ONE YEAR | ||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Bank loans and overdraAs | (see note 18) | 10,000 | 10,000 | |||
| Trade creditors | 32,117 | 9,587 | ||||
| Social security and other taxes |
3,288 | 8,782 | ||||
| Accrued expenses | 419,456 | 261,825 | ||||
| 464,861 | 290,194 | |||||
| 17. | CREDITORS: AMOUNTS FALLING DUE AFTER | MORE THAN ONE YEAR | ||||
| 2023 | 2022 | |||||
| Bank loans (see note 18) | 25,833 | 35,833 | ||||
| 18. | LOANS | |||||
| An analysis ofthe maturity | ofloans is given below: | |||||
| 2023 | 2022 | |||||
| Amounts falling due within |
one year on demand: | |||||
| Bank loans | 10,000 | 10,000 | ||||
| Amounts falling between one and two years: |
||||||
| Bank loans - 1-2years | 10,000 | 10,000 | ||||
| Amounts falling due between two and five years: |
||||||
| Bank loans - 2-5 years | 15,833 | 25,833 | ||||
| 19. | LEASING AGREEMENTS | |||||
| Minimum lease payments under non-cancellable |
operating | leases fall due as follows: | ||||
| 2023 | 2022 | |||||
| Within one year | 104,600 | 104,600 | ||||
| Between one and five years | 240,000 | 240,000 | ||||
| In more than five years | 30,000 | 90,000 | ||||
| 374,600 | 434,600 |
| MOVEMENT | IN FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| movement | At | ||||||
| At 1.4.22 | in funds | 31.3.23 | |||||
| Unrestricted | funds | ||||||
| General fund |
271,404 | 3,886 | 275,290 | ||||
| TOTAL FUNDS | 271,404 | 3,886 | 275,290 | ||||
| Net movement | in funds, included | in the above | are as follows: | ||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted | funds | ||||||
| General fund |
1,361,653 | (1,357,767 ) | 3,886 | ||||
| TOTAL FUNDS | 1,361,653 | (1,357,767 ) | 3,886 | ||||
| Comparatives | for movement | in | funds | ||||
| Net | |||||||
| movement | At | ||||||
| At 1.4.21 | in funds | 31.3.22 | |||||
| Unrestricted | funds | ||||||
| General fund | 341,015 | (69,611) | 271,404 | ||||
| TOTAL FUNDS | 341,015 | (69,611) | 271,404 | ||||
| Comparative | net movement | in | funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted | funds | ||||||
| General fund | 1,158,835 | (1,228,446 ) | (69,611) | ||||
| TOTAL FUNDS | 1,158,835 | (1,228,446 ) | (69,611 ) |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2023 | 2023 | ||||
| Tangible | fixed assets | 40,770 | 40,770 | ||
| Current | assets | 729,271 | 729/71 | ||
| Creditors Creditors |
less than 1 greater than |
year 1 year |
(463,811) ~25 833} |
(463,811) J25833) |
|
| Net Assets | 280397 | ~280 97 |
|||
| Unrestricted | Total | ||||
| Funds | Funds | ||||
| 2022 | 2022 | ||||
| Tangible | fixed assets | 45,049 | 45,049 | ||
| Current | assets | 552,382 | 552482 | ||
| Creditors | less than | 1 | year | (290,194) | (290,194) |
| Creditors | greater than | 1 year | L33.833) | M$8kk) | |
| Net Assets | 2714 4 | 271 404 |
| for the ear ended 31s |
t March 2023 | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| INCOME AND | ENDOWMENTS | |||
| Work related experiences | ||||
| Work related experiences | 1,352,667 | 1,067,983 | ||
| Grants | 8,389 | 90,831 | ||
| 1,361,056 | 1,158,814 | |||
| Investment income |
||||
| Deposit account | interest | 597 | 21 | |
| Total incoming | resources | 1,361,653 | 1,158,835 | |
| EXPENDITURE | ||||
| Other trading activities |
||||
| Purchases | 42,357 | 72,081 | ||
| Wages | 621,161 | 502,]35 | ||
| Social security | 44,661 | 32,889 | ||
| Pensions | 11,613 | 9,]56 | ||
| Bad debts | 1,980 | 5,380 | ||
| Travel &subsistence | 8/98 | 4,197 | ||
| Consultancy fees |
214,688 | 144,307 | ||
| Staffrecruit. & | agency costs | ]37,216 | 208,531 | |
| 1,081,974 | 978,676 | |||
| Support costs | ||||
| Management | ||||
| Rent &rates | 108,342 | 108,176 | ||
| Insurance | 6,564 | 6,512 | ||
| Light and heat | 14,959 | 11,706 | ||
| Telephone | 16,079 | 17,970 | ||
| Postage and stationery | 29,532 | 19,844 | ||
| Repairs and maintenance | 14,624 | 8,951 | ||
| Cleaning | 29,706 | 28,057 | ||
| Stafftraining | &welfare | 31,449 | 12,216 | |
| Plant and machinery | 4,949 | 5,009 | ||
| Computer equipment |
6,361 | 7,052 | ||
| Loss on sale oftangible | fixed assets | 4,057 | ||
| 266,622 | 225,493 | |||
| Finance | ||||
| Bank charges | 285 | 212 | ||
| Bank loan interest | 1,033 | 497 | ||
| Other Interest | 149 | |||
| ],318 | 858 |
| DETAILED STATEME for the ear ended |
FFINANCIAL A TIVITIES 31stMarch 2023 |
|
|---|---|---|
| 2023 | 2022 | |
| Finance | ||
| Governance costs |
||
| Auditors' remuneration |
6,989 | 6,000 |
| Legal and other prof. fees | 864 | 17,419 |
| 7,853 | 23,419 | |
| Total resources expended |
1,357,767 | 1,228,446 |
| Net income/(expenditure) | 3,886 | (69,61]) |