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||||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|
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||||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|
##
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##
|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|