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|||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|
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||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|
##
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|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)|
##
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||||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|
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||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|
##
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|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|
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|||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|
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|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|
##
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|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|
##
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|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 )|
##
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|||||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|
##
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##
|||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])|