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2023-04-04-accounts

Page
Report ofthe Trustees 1 to 4
Report ofthe Independent Auditors 5 to 8
Consolidated
Statement ofFinancial Activities
Consolidated
Balance Sheet		 10
Charity Balance Sheet
Consolidated
Cash Flow		 Statement 12
Notes to the Consolidated Cash Flow Statement 13
Notes to the Consolidated Financial Statements 14 to 26
Detailed Consolidated
Statement ofFinancial Activities		 27 to 28

FORTHE YEARENDED 4 AP RIL 2023
2023 2022
Unrestricted Total
fund funds
Notes
INCOME AND ENDOWMENTS FROM		 6
Donations
and legacies		 2 1,509,876 1,663,404
Economic activities in furtherance ofthe Charity
Objects
Investtnent
income
Other trading activities		 3
4		 7,293,239
46,913
2282		 6,775,597
5,733
Total 8,852,310 8444 734
EXPENDITURE ON
Economic activities in furtherance ofthe Charity
Objects
Other trading activities		 6,297,464
2,774		 5,621,582
Charitable
activities
Donations
Support Costs
Events
Life Campus
Living Seeds		 377,859
1,006,032
11,701
404,859		 263,405
581,338
5,938
266,031
Other 80 873
Total 8 100689 6,819,167
NET INCOME 751,621 1,625,567
Gain/loss
on revaluation		 of investments 121,143
Tax provision
on revaluatiou		 ofinvestments (30,286)
TOTAL SURPLUS/(DEFICIT) FOR THE YEAR 842,478 1,625,567
RECONCILIATION OF FUNDS
Total funds brought
forward		 7,775,812 6,150,245
TOTAL FUNDS CARRIED FORWARD 8,618,290 7,775,812

2023 2022
Unrestricted Total
fund funds
FIXEDASSETS Notes f.
Tangible assets
Investments		 11
12		 39,347
1,523,168		 103,975
1,402,000
1,562,515 1,505,975
CURRENT ASSETS
Debtors
Cash at bank and in hand		 13 4,647,334
3,686,553		 3,547,713
3,365,132
8,333,887 6,912,845
CREDITORS
Amounts
falling due within one year		 14 (1,247,826) (643,008)
NET CURRENT ASSETS 7,086,061 ~6,269 837
TOTAL ASSETSLESSCURRENT
LIABILITIES 8,648,576 7,775,812
PROVISIONS FORLIABILITIES 16 30,286
NET ASSETS 8,618290 7,775,812
FUNDS 17
Unrestricted
funds
Fair value reserve		 8,527,433
90,857		 7,775,812
TOTAL FUNDS 8,618290 7,775,812

BALANCE SHEET
4APRIL 2023
2023 2022
Unrestricted Total
fund funds
Notes g
FIXEDASSETS
Tangible assets 11 39,347 103,975
Investments 12 1,404,245 300
1,443,592 104,275
CURRENT ASSETS
Debtors 13 4,659,599 4,951,533
Cash at bank and in hand 3,673 821 3,363,132
8,333,420 8,314,665
CREDITORS
Amounts
falling due within one year		 14 (1,241,150) (641,748)
NET CURRENT ASSETS 7,092,270 7,672,917
TOTAL ASSETSLESSCURRENT
LIABILITIES 8,535,862 7,777,192
NET ASSETS ~8,535862 ~7777,192
FUNDS 17
Unrestricted
funds		 8,535,862 7,777,192
TOTAL FUNDS 8,535,862 7,777,192

F O RTHE YEAR EN DED 4APRIL 2023
2023 2022
Notes 8
Cash flows from operating activities
Cash generated
from operations		 I 236,843 1,114,629
Net cash provided
by/(used		 in) operating activities 236,843 ~1,114629
Cash flows from investing activities
Purchase oftangible
fixed assets
Purchase offixed asset investments
Sale oftangible fixed assets		 37,665 (52,893)
(220,000)
Sale offixed asset investments
Interest received 46,913
Net cash (used in)/provided by investing activities 84,578 1272,893)
Change in cash snd cash equivalents in
the reporting
period		 321,421 841,736
Cash and cash equivalents at the
beginning
ofthe reporting		 period ~3,365 132 ~2523 396
Cash and cash equivalents at the end of
the reporting
period		 ~3686 553 ~3365,132

RECONCILIATIO
ACTIVITIES		 N
OFN		 ET INCOME TO NET CASH FLOW FROM OPERATING
2023 2022
Net income for the reporting period (as per the Statement ofFinancial
Activities)
Adjustments
for:		 751,621 1,625,567
Depreciation
charges		 26,963 24,034
Interest received (46,913)
Decrease/(increase) in debtors (1,099,646) (652,764)
Increase in creditors 604,818 117,792
Net cash provided by/(used in) operations 236 843 1,114,629

At 5.4.22 Cash flow At4.4.23
Net cash
Cash at bank and in hand 3,365,132 ~321421 3,686,553
3,365,132 321,421 3 686 553
Total ~3365,132 ~321 421 3,686,553

2. DONATIONS
AND LE		 G ACIES
2023 2022
Donations,
gifts &offerings
Grants		 1,509,876 1,661,920
1,484
1,509,876 1,663,404
Grants received, included in the above, are as follows:
2023 2022
Job Retention
Scheme		 1,484
ECONOMIC ACTIVITIES IN FVRTHERANCK OFTHE CHARITY OBJECTS
2023 2022
Contribution
used to help meet operating
Broadcast airtime sales
Programtne
sponsorship
Airtime spots &advertising
sales		 commilments 4,487,398
2,137,319
451,200
217322		 4,013,070
2,360,302
208,200
194,025
7,293,239 6,775597
4. INVESTMENT INCOME
Rents received
Deposit account interest		 2023
8
46,913		 2022f
5,733
46,913 5,733

2023 2022
Staffcosts
Rent ofstudios
License &EPG costs
Programme
costs
Freeview/Globecast
airtime		 400,759
120,500
508,689
2,777,609
2,489907		 274,238
120,500
502,457
2,227,680
2,496,707
6,297464 ~5621,582

Support
Direct costs (see
Costs
f		 note 7)
f		 Totals
Donations
Support Costs
Events
Living Seeds		 377,859
11,701
394,800		 1,006,032
~10059		 377,859
1,006,032
11,701
404,859
784,360 1,016,091 1,800,451

SUPP ORT COSTS
Governance
Management costs Totals
Support
Living		 Costs
Seeds		 658,527
9,872		 347,505
187		 1.006,032
10,059
668,399 347,692 1,016,091

STAFFCOSTS
2023f 2022
Wages and salaries
Other pension costs		 672,787
14,194		 519,194
10,274
686,981 529,468
The average monthly number ofemployees during the year was as follows:
2023 2022
Programme
Administration
kFinance		 9
1		 7
I
Donor Management 5 3
15

COMPARATIVES F ORTHE STATEMENT OF FINANCIAL AC TIVITIES
Unrestncted
fund
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 1,663,404
Economic activities in furtherance ofthe
Charity Objects 6,775,597
Investment
income		 5,733
Total 8,444 734
EXPENDITURE ON
Economic activities in furtherance ofthe
Charity Objects 5,621,582
Charitable
activities
Donations 263,405
Support Costs
Life Campus
Living Seeds		 581,338
5,938
266,031
Other 80,873
Total 6 819167
NET INCOME 1,625,567
RECONCILIATION OF FUNDS
Total funds brought forward 6,150,245
TOTAL FUNDS CARRIED FORWARD 7,775,812

Computer
Programme Furniture Motor &.Sound
Costs &Equipment vehicles Equipment Totals
COST
At 5 April 2022
Disposals		 182,608 58,599 48,238
~48,238)		 211,657 501,102
~48,238)
At 4April 2023 182,608 58,599 211,657 452,864
DEPRECIATION
At 5 April 2022
Charge foryear
Eliminated
on disposal		 182,608 41,298
4,326		 925
9,648
~10,573)		 172,296
12,989		 397,127
26,963
~10,573)
At 4 April 2023 182,608 45 624 185,285 413,517
NET BOOKVALUE
At 4April 2023 12,975 26,372 39,347
At 4April 2022 17,301 47,313 39,361 103,975
12. FIXEDASSETINVESTMENTS -GROUP
2023 2022
Shares 1,523,168 1,402,000
1,523,168 1,402000
Unlisted
investments
MARKET VALUE
At 5 April 2022 (Cost)
Rectassiftcation/transfer		 1,402,000
25
Fair value adjustment in year 121,143
At 4 April 2023 1,523 168
NET BOOK VALUE
At 4April 2023 I 523 168
At 4April 2022 ~1402,000

12. FIXEDASSETINVESTMENTS -CHARITY
2023 2022
Shares 325 300
Loans 1,403,920
1,404,245 300
Unlisted
investrn, ents
MARKET VALUE
At 5 April 2022 300
Reclassification/transfer 25
At 4 April 2023 325
NET BOOK VALIJE
At 4April 2023 325
At 4April 2022 300
Loans to
group
undertakings
New in year 1,403,920

GROUP
2023 2022
Trade debtors
Accrued income
Other debtors
VAT		 159,347
19,946
183,755
4,219,119		 160,444
1,728
226,550
3,095,311
Prepayments 65,167 63,680
4647,334 3,547,713

CHARITY
2023 2022
Trade debtors
Accrued income
Other debtors
Loan to subsidiaries
VAT		 158,267
19,946
183,780
13,320
4,219,119		 160,444
1,728
228,670
1,401,700
3,095,311
Prepayments 65 167 63,680
4,659,599 4,951,533

CREDITORS: AMOUNTS FALLING DUE WITHI N ONE YEAR
2023 2022
GROUP
Trade creditors 994,062 518,300
Taxation and social security
Other creditors		 16,189
237,575		 7,116
117,592
1,247,826 643 008
CHARITY
Trade creditors
Taxation and social security
Other creditors		 994,020
15,970
231,160		 518,300
7,116
116,332
1,241,150 641,748

2023 2022
Within one year
Between one and five years		 2,633,235
7,484,999		 2,633,235
10101,499
10,118.234 12,387.734

PROVIS IONS FOR LIABILITIES
2023 2022
Deferred tax 30,286
Deferred
Provided during period 30,286
Balance at 31March 2023 30,286

Net
movement At
GROUP At 5.4.22 in funds 4.4.23
8
Unrestricted funds
General fund
Fair value adjustments		 7,775,812 751,621
90,857		 8,527,433
90,857
TOTAL FUNDS ~7775,812 ~842 478 ~8,618290
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
f,
Unrestricted funds
General fund 8,852,310 (8,100,689) 751,621
TOTALFUNDS 8 832310 ~8,100689 781621
Net
CHARITY movement At
At 5.4.22 in funds 4.4.23
Unrestricted funds
General fund 7,777,192 758,670 8,535,862
TOTAL FUNDS 7,777,192 758 670 8,535,862
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
8
Unrestricted funds
General fund 8,850,028 (8,091,358) 758,670
TOTAL FUNDS ~8850 028 ~8091,358) 758,670

GROUP Net
movetnent At
At 5.4.21 in funds 4.4.22
Unrestricted funds g
General fund 6,150,245 1,625,567 7,775,812
TOTAL FUNDS 6 150,245 1,625,567 7,775 812
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 8,444,734 (6,819,167) 1,625,567
TOTAL FUNDS 8444734 ~6879367 1623.367
Net
movement At
CHARITY At 5.4.21 in funds 4.4.22
Unrestricted funds g
General fund 6,150,245 1,626,947 7,777,192
TOTAL FUNDS 6 150,245 1,626,947 7,777 192
Incotning Resources Movement
resources expended in funds
Unrestricted funds g
General fund 8,444,734 (6,817,787) 1,626,947
TOTAL FUNDS 8444734 ~683778 1626947

Net
GROUP movement At
At 5.4.21 in funds 4.4.23
Unrestricted funds
General fund
Fair value adjusnnents		 6,150,245 2,377,188
90,857		 8,527,433
90,857
TOTALFUNDS ~6150245 ~2468 045 8,618290
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 17,297,044 (14,919,856) 2,377,188
TOTAL FUNDS 372971344 4~14919866 2377188,
Net
CHARITY movement At
At 5.4.21 in funds 4.4.23
Unrestricted funds
General fund 6,150,245 2,385,617 8,535,862
TOTAL FUNDS 6 150 245 ~2,385 617 ~8,535862
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 17,294,762 (14,909,145) 2,385,617
TOTAL FUNDS 17,294,762 (14,909,145) 2,385,617

FORTHE YEAR ENDED 4APRIL 2023
2023 2022
INCOME AND ENDOWMENTS
Donations and legacies
Donations,
gifts &offerings		 1,509,876 1,661,920
Grants 1,484
1,509,876 1,663,404
Economic activities in furtherance ofthe Charity Objects
Contribution
used to help ineet operating
commitments 4,487,398 4,013,070
Broadcast airtime sales 2,137,319 2,360,302
Progrmrune
sponsorship		 451,200 208,200
Airtime spots &advertising sales 217,322 194,025
7,293,239 6,775,597
Other trading
activities		 2,282
Investment
income
Rents received 5,733
Deposit account interest 46,913
46,913 5,733
Total incoming
resources		 8,852,310 8,444,734
EXPENDITURE
Other trading activities 2,774
Economic activities in furtherance ofthe Charity Objects
Wages 391,591 268,749
Pensions
Rent ofstudios		 9,168
120,500		 5,489
120,500
License &EPG costs 508,689 502,457
Programme
costs		 2,777,609 2,227,680
Freeview/Globecast airtiine 2,489,907 2496,707
6,297,464 5,621,582
Charitable
activities
Wages 134,365 129,702
Pensions 3,745 3,660
Technical equip &support 17,858 19,318
Donations 590,906 345,233
Events 11,701
Fundraising
expenses		 25,785 25,338
Life Campus project costs 5,938
784,360 529,189

FOR THE YEAR ENDE D 4 APRIL 2023
2023 2022
Support costs
Management
Equipment
hire
Office rent &running		 costs 1,716
15,829		 3,127
15,821
Insurance 6,543 6,648
Telephone 9,539 11,631
Postage and stationery 109,637 8$,223
Advertising 390,281 121,655
IT&software 57,864 3,298
Travel &subsistence 33,928 21,365
Repairs &renewals 16,099 31,197
Depreciation offurniture &equipment 4,326 5,767
Motor vehicles 9,648 925
Depreciation ofcomputer &technical
equipment 12,989 17,342
668,399 326,999
Governance
costs
Wages 146,831 120,743
Pensions 1,2$1 1,125
Auditors'
remuneration		 13,745 9,280
Management
recharge
Legal &professional		 fees 90,000
76,039		 90,000
101,636
Finance & sundry charges 19,796 18,613
~347692 341,397
Total resources expended 8,100,689 6,819,167
Net income 751,621 ~1625567