TRUSTEES ANNUAL REPORT April 1st 2021 – 31st March 2022
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Full Title of Charity:- THE POWERPACK TRUST
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The Trust is established under the TRUST DEED.
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The registration number of the Charity with the Charity Commission is No. 1050323
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The Trust is administered by a BODY OF FIVE TRUSTEES.
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Trustees who have acted at any time during the course of the year to 31st March 2022 are as follows:-
K. Causebrook / P. Herridge / E. Brackley / K. Cunningham / S. Cunningham Trustees are appointed when necessary and are given sufficient training upon appointments.
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Risk Management The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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Public Benefit The Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.
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The address of the charity is as follows:1, Walpole House 2, Pickford Street, Aldershot HANTS GU11 1TZ
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Bankers:Lloyds Bank (Bognor Regis)
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Independent examiner:Mrs L.C Grant FCCA MAAT
The Kilns, Lynwick Street, Rudgwick, Horsham. RH12 3DG
11. Trust Activity
This past year, 2021 to 2022, has seen little improvement in the amount of activity for the charity, Once again there were no ‘in-person’ children’s meetings or exhibitions or large events, neither was there any overseas work due to covid. Some training was possible over zoom but was not found to be very satisfactory. This means there was no income from these activities and online sales were also lower. Thankfully, our sponsors continued to support the charity and in one case we received a substantial one-off gift.
Financially, the total income for the year was £49,273 and the expenditure was £34,707 so overall there was a profit of £14,567. The trustees feel that, given the healthy state of the Trust and the
continuing needs of children with the training and resourcing of children’s leaders, it is well placed to fulfil its objectives in the coming year, covid permitting.
Signed ..................................... (Trustee) Emma Brackley 26/01/2023 Date ………………………
The Powerpack Trust
Statement of Financial Activities for the Year Ended 31st March 2022
| Note Incoming Resources Charitable donations Books, tapes and merchandise Sundries Total Incoming resources Resources Expended Direct Charitable Expenditure Course advisors and conference fees Governance Costs Books, tapes and merchandise Gifts Management and administration 6 Total Resources expended Net Incoming Resources for the year Grants received |
Unrestricted funds Restricted Funds Total Funds 14398 21334 35732 9970 9970 0 0 3572 3572 27939 21334 49273 579 0 579 579 0 579 207 0 207 13209 570 13779 10836 9305 20142 24253 9875 34128 24831 9875 34707 3108 11459 14567 Year to 2022 |
Year to 2021 Total Funds 19167 11394 15 15336 |
|---|---|---|
| 45912 | ||
| 0 | ||
| 0 2179 10381 19998 |
||
| 32558 | ||
| 32558 | ||
| 13354 |
The Powerpack Trust
Balance Sheet as at 31st March 2021
| Note 2 3 4 5 Non Current Assets Add surplus for the year Less: Current Liabilities Cash at Bank and in Hand Total Assets less Total Liabilities Accruals Net Current Assets Represented by: Unrestricted Funds Balance as at 1st April Inventories Debtors and Prepayments Current Assets Balance as at 31st March |
£ £ 1926 0 7709 77028 84737 0 0 84737 86663 0 72096 14567 86663 31st March 2022 |
£ £ 1697 0 7901 62498 70399 0 0 31st March 2021 |
£ £ 1697 0 7901 62498 70399 0 0 31st March 2021 |
|---|---|---|---|
| 70399 | |||
| 72096 | |||
| 58742 13354 |
|||
| 72096 |
We, as Trustees, have examined these accounts and approved them:
Signed: (1) E.Brackley (2) P. Herridge X XS-\ ;coJ~-e X ~~S~~ \ ~~-~~ \ ;coJ ~~~-e~~
Date: - 26/01/20
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The Powerpack Trust
Notes to the Accounts for the Year Ended 31st March 2022
1 Accounting Policies
Basis of preparation of accounts The financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2005), with current Accounting Standards and with the Charities Act. There has been no change to the accounting policies (valuation rules and methods of accounting) since last year. No changes have been made to accounts for previous years. The accounts have been prepared on a "going concern" basis. Reserves are a minimum of £10,000.
Funds
The charity maintains a general unrestricted fund which may be expended at the discretion of the trustees to further the charity’s objects. Restricted funds represent incoming resources and resources expended on specific projects within the charity where the donor has specified the purpose for which the funds may be used.
Inventories
Inventories are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Resources Expended
These are included on an accruals basis. There are no trustees’ remuneration or expenses. Resources expended are only for direct charitable expenses and governance.
Taxation
As a result of the allowances available to charities, there is no liability to taxation.
Depreciation
Depreciation is calculated to write off the assets over its useful life as follows:
| Motor cars | 25% reducing balance |
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| Equipment | 20% straight line |
| Furniture and fittings | 10% straight line |
2 Fixed Assets
| Net Book Value as at31st March 2021 Cost at31st March 2021 Additions / disposals through the year Depreciation at31st March 2021 Charge for the year Depreciation at31st March 2022 Cost at31st March 2022 |
2600 29473 32634 1004 1004 561 Total (£) Fixtures & Fittings (£) Equipment (£) Motor Car (£) |
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| 2600 30477 33638 561 |
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| 2600 27776 30937 775 775 561 |
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| 2600 28551 31712 561 |
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| 0 1697 1697 0 |
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| Net Book Value as at31st March 2022 | 0 1926 1926 0 |
| 3 Prepayments Deposit Debtors and Prepayments |
0 31st March 2022 £ 0 0 |
0 £ 31st March 2021 0 |
|---|---|---|
| 0 |
| 4 5 Books, tapes and merchandise Accruals Accruals Inventories |
0 7709 |
7901 |
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| 0 |
| Management and Administration Exhibitions & Advertising Premises Costs Total Bank Charges Depreciation Printing, Postage, Stationery & Repairs Professional Fees Travel Costs |
Restricted Unrestricted Total 2021 (£) 48 152 775 424 0 0 9305 9293 18714 721 664 0 10 0 34 2022 (£) Total 48 775 0 18598 721 0 0 |
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| 9305 10836 19998 20142 |
6 Management and Administration
Independent Examinefs Report to the Trllstees of The Powerpack Trnst I rÈmtothe Trustees on my examInatn ofthe accounts fortheyear ended 3ts1 March 2022. The Trustees are responsible for preparing the accoun Thè Chari5 TrusteÈ5 cons¢derthat an audit Is not required for this period LEFer settion 144 of the CharittesArt 2011 (thè Charities Actl and that an ndependent exaThunation is needed. The charit15 gross income did not exteed £250,0(Kl and l am qualified to undertakethe examination try bein8a Qualified membef of The Assosciation of Chartered Certrfied AOTrnts. It is rny responsibillty to: examinethe accounts under sertion 145 of the ChariiiesAct 2011, follow the procedure5 laid down in general dirertions given bythe Charitycommiuion lunder sertion 1451SKbl of thè Charities Act. and state whether particular matters have come to my attention. v examination was carried out in acCordarew1th the General Direttions given by the Charity Commission. An examinat includes a rewi of the Unting (OrS kept by the charity and a cornpartson of the accounts presented with those records. It atso includescon5Lderation of any unusual items or disck)sures in the cOUnts and Seeki explanations from the Trvstees concerning any such matters. The prcedures undertaken do not provide all the evidencethat would be requireil in an audtt. and consequently no opinion is given as towhetherthe accounts we5ent a.true and fair Vie and the report is limited to those matters set out in the ststement bdow. I have completed my examination. I confifflrthat no lnatefial matters have come to my attention in connertion with the examination gMn8 me causeto belve thaL in any material respectr. ¢ounting record5 were not kept in accCe with section 130 ofthe Charitie5 ACL the accounts th* not xcord with stKh 0rd> I have noconcerns and have come across no other fflatters in rntion wth theexamination to whid) attentw)n should be drawn in repKrt in order to enaiAe a proper undertandingof the ¥cwnts to be re¥hed. Dated: Z31,IL Signed.. L C Grant FCCA MAAT The LymwKk Stfrt Ru(knwck. Hor5h4m RH12 3DG