## **TRUSTEES ANNUAL REPORT April 1st 2021 – 31st March 2022** 1. Full Title of Charity:- THE POWERPACK TRUST 2. The Trust is established under the TRUST DEED. 3. The registration number of the Charity with the Charity Commission is No. 1050323 4. The Trust is administered by a BODY OF FIVE TRUSTEES. 5. 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. 6. 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. 7. 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. 8. The address of the charity is as follows:1, Walpole House 2, Pickford Street, Aldershot HANTS GU11 1TZ 9. Bankers:Lloyds Bank (Bognor Regis) 10. 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_ **----- Start of picture text -----**
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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| |---|---| |Equipment|20% straight line| |Furniture and fittings|10% straight line| ## 2 **Fixed Assets** |Net Book Value as at**_31st March 2021_**
Cost at**_31st March 2021_**
Additions / disposals through the year
Depreciation at**_31st March 2021_**
Charge for the year
Depreciation at**_31st March 2022_**
Cost at**_31st March 2022_**|2600
29473
32634
1004
1004
561
**Total (£)**
**Fixtures &**
**Fittings (£)**
**Equipment (£)**
**Motor Car**
**(£)**| |---|---| ||2600
30477
33638
561| ||2600
27776
30937
775
775
561| ||2600
28551
31712
561| ||0
1697
1697
0| |**Net Book Value as at****_31st 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| |---|---|---| |||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**| |---|---| ||9305
10836
19998
**20142**| 6 **Management and Administration** Independent Examinefs Report to the Trllstees of The Powerpack Trnst I rÈmtothe Trustees on my examInat￿n ofthe accounts fortheyear ended 3ts1 March 2022. The Trustees are responsible for preparing the accoun￿ Thè Chari￿5 TrusteÈ5 cons¢derthat an audit Is not required for this period LEF￿er 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 A￿O￿Tr￿nts. 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 acCordar￿ew1th the General Direttions given by the Charity Commission. An examinat￿ includes a rewi of the ￿Unting ￿(Or￿S 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 prc*edures 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 bel*ve thaL in any material respectr. ¢ounting record5 were not kept in acc￿￿Ce 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 r￿n￿tion 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