Company Registration Number- 03191309 The Charity RegistTation Number is :. 1057268 XL Wales Report andAccounts 31 December 2023 Cross and Bowen Charlered C¢n¥fiedAccounlants Riverside House Normandy Road Swans¢a SAI 2JA
XLWale$ Report and accounts for the year ended 31 Deeember 2023 Contents Pige Cbarity Inform&tion Tru5teesl Annual Report Ststement of directors, responsibilitie8 IDdependent Aecountallt's Report Funds Staiemenis... Statement of Financial Activities Revenue Funds 10 12 Incomc and Expenditsre account 13 Balanee sheet Notes to the &ecounts 14 15
XLWales Company Registraiion Number- 03191309 Trustees, Annual Report for tbe year ended 31 December 2023 The Tn1¢¢8 preseni their Rel and Accounis for ih¢ yw ¢aKlal 31 Decanber 2023, wbich also compTises the Directors, Rq)ort requirtij by the CompanÈe$ A¢t 2(K)6. Reference and administratlve detalls The charity The legal name of the ehhrity is:_ XLWale& The charity is also known by Ats operattng name, XL W81¢s. The ehdrlty's &r¢us op¢raliiin and UKchapTtable regisimlio The ch&ity is registered in England & Wo1¢$ with the Charity Commission in En & Wales (CCEW) with charity number 1057268. The charity does not opeTrte in any ov¢rseas jurisdictions. Legalstrudure olthe chaTh"ty XLWale9 As a ¢haritable ¢omp8Ay, limit by guardnttt, 1COK)nted on 24 ApTiI 1996 and regisieral as 8 charity on I Augusl 1996. the company was esthblishoj under a mem01wllM of Aswialion and is governed Under its Articles of A&socialion. In the event of the company being wound up. members rquirsl to contrtlllt an amouni not exceeding £10. The governing document is dated 24 April 1996 There are no restrictions in the governing dMentS on the operation of the Charity or on its investment powets other than those imposed by Charity Law. By operation of law alL trusÈtts are dirLyt0 undtt the Companies Aot 2006 and all diwwtors are trustees under ChltieS legislation and have resp)nsibilAtie4 as sucty under company and ¢haTity legislation. The tru8t¢es ar¢ all individual& The prlnelpal oper*tlng address, telephone Dumber, emal] Ind web addresse8 of the ¢h4rity Are:. 4 Highpool Lane Newlon. Swansea SA3 4TT Telephone 01792 324060 Etimil Addrus info@xlwa]&%.OTg.uk Web address www.xtWole&org.uk The registered office of the ¢haTiiy for Companies Act purposes is the same as the operating address shown above.
XLWale$ Company Regis¢Fation Number- 03191309 Trustees, Annual Report for the year ended 31 December 2023 The Thi$tees l]b offl¢e on the d*te the report was ¥4pproved were:. T.A. Brown P.R.C. G)uth (Chair) G.J. Widlak¢ J. M. J L}erC The followlng persons served As Trn$tee$ during the yeAr ended 31 December 2023 :. The trustees w]MY servelt as a ffiimee in the renIng were as shown abov4 and there wue no Changes during the year, or in the payod between the year end and the approval of the account& Resigned T.A. Brown P.R.C. &)ugh {Chair) GJ. Widlake J. M. J L1 Objects and Aetlvltles of the eharity Thepurposes of the eharity as set out in its governing documen£ The objects of the charity, as set out in the Memorandum of A&SlatIOn, are the advanc¢ment of public education by providing a¢tiviti¢s which improve key life and subje¢t skills and lh¢ advancement of public understandlng of science and t¢¢hnology related subjccls. The trnstees confirn) that they have had regard to the guidance contained in the Charity Comission's general guidance on public benefit when revlewing thc chayitys aims and obje¢iives and in planning its activities. The mffjn aclnjilies undertaken in Tel10 lo ¢hos¢purposes during theyear. The main activities undertaken are described below. The main aclivities undertaken during theyear tofurther the charity'spurposefor ¢hepublic benefi£ Holiday Club Holiday Club XLWales is a sch(K)I holiday childcare play scheme, registered with CIW. li provides IOO'S of fim filled, acti¢)n packed, indoor and outdoor activities for 3 to I l year olds. Th¢ club is based in Oystennouih Prlmary School, Mumbles, Swansea. 1068 children attended club during 2023 (2022.898 children). a 19/0 increase on the previous year. Schools, Roadshow During 2023, 19 primary schools. 1449 ¢hildT¢n and 67 Icachers and classr(M)m assistants benefited from visit. (2022.. 22 primary schools, 1932 children and 100 teachers and classroom assistants). Throughout the visits, pupils participate in STEM (science, technology, engineering and maths) activities desied to mttl the needs of the National Curriculum and Foundation Phase. The aclivilies are suilable for children from age 3 10 1 l years and h¢lp pupils to develop essential life skills, such as problem solvtng, tearn workin& thiJ)kin& investigatin& comrnunicatin& creating and a 'Gan do. appToach.
XLW8l¢s Cornp¥ny R¢gistsation Number- 03191309 Trustees, Annuydl Report for the year ended 31 December 2023 Digital inclusion project 3 visits caTTicd oul in FclindTe Commw]ity Hall, benefiting 6 adults. Costs were covered by a DWF t. Comrnunity Group Roadshow The CoEnmunity GTOUP Roadshow takes fun and hands on challcnges into community settings. These includc Museums, Carnivals. Business Skill& Youth Projects, Libraries, Lifelong tKarning Centrc Community Cenlres and Family LLarning GTOUPS. There were 3 visits to groups during 2023, with 68 children and 12 adults b¢n¢fiting (8 during 2022. 135 children.) and 5 visits to tbe Natiojjal Waterfront Museum during the 2023 SuJnrner of Fun initiative with 183 cbildren alld 147 adults benefiting {2022- 6 visit4 183 children. 116 adults). The tnr5tets hav¢ had rcgord to the Charity Commission's guidance on public benefil in mana8]ng the activities of the clthrity. The main achievements and perfonnance of the charlty durlng the year. Comments by chair of Trustees The number of children attending the Holiday Club increased by IW/o over th¢ pr¢vious year. The Schools. Roadshows and the Community Group Roadshows saw broadly the Same level of o¢tivity as last year. In addition, the charity und¢rtwk a digital inclusion proi¢¢t at Felindre Community Hall ben¢fJtting six adults. Thts project was fimded by a from DWF. Income from Charitable aclivilies increased by 16/0 during the year to £40k, reflecting the increase in acti711es. Income from donations and legacies decreased by 710/D to £6k. Within this figur¢, revenue and capital grants frorn gov¢rnm¢nt and publi¢ bodies decreased by 79% to £4k. This was rec¢ived from the City and County of Swansea Children and Yowig Persons Partttership. Revenue antS and donations from non-public bodies increased from £lk to £2k. XLWales is grate1 for the financial support received during these difficult times. The results for the year show a dcficil of £IOk on unrestriclcd fimds and a SUluS of £3k on restrlcted fimd5. Iving an oveTa]I dcficit of £7k. The TrLJStecs arc mindful of the Ongoing challenge of raising fimds to support its activities. UnTestricted funds at the year end stood at £18k which complied with the Charity's re5wYes p)licy. The Trnstees remain convinced of th¢ value and relevance of XLWales and scck to EntsIn its position as a leading provider of public cducatiOT] and to continuc to rnake an important Contribution to the advancement of STEM (Science. Teclmology, Engineering and MathematTrcs) Tclated Subjects in Wale5. The Schwls, Roadshow aclivitics show particular rclcvance to the c1culm, aiding teachcrs in the dclivcry of subjects they are not always comfortable with. The Trnstees are awar¢ that th¢ next arS will conlinue to be challenwng. The priority will be to seek ¢xt¢mal ant fimding in order to continue to deliveT OUT 5C¢S to the children of South West Wales. The XLWales staff are to b¢ (omm¢nd on the exr¢ll¢nt work cale out throughout th¢ yw under ¢Atrern¢ly difficult circumstances. XLWales ts grnleful lo all its key fimders, City and County of Swansea (Children and Young Pcoplc Fund). the Llysdinarn T and the DWF for supporting ils work and enabling it to provide over 2.700 children, togeiher with their tea¢hers and parents, lh¢ opportunity to ¢ngage in STEM activities. W¢ belleve that we
XLWales Compw Registtation Number- 03191309 Trustees, Annual Report for the year ended 31 December 2023 are making a signiflcant contribulion to delivering k¢y policy objectives of the Welsh Government and hope this will be recognised in order to consolidate our strong plarforni and to expand activities in fvture years. Structureg governance &nd managemenrt of the charlty The methods u.sed to recruit and appoin¢ new charity trustee ew Irus1ces are appointed upon the Tec(mmi¢ndation of ¢xis¢ing trustees. One third of the trust¢es must retire at ¢a¢h annual general meeting and offer themselves for r¢-eleI0ll. Bankers AOuntantS CTOSS & Bowen, Riverside Hous4 Nornwidy Road. Swansea. SAI 2JA Financial revlew The charity'sfm47n¢ialposition the end of iheyear ertded 31 December2023 The financial position of the chaTity at 31 December 2023 and comparativcs for the prior perlod, as more fully detsiled in the accounts, can be sumrnarised as follows:_ 21123 2022 f4et Income {7,228) (1239) Unrestrictgj Revenue Funds available for the g¢n¢ral pulposes of the char&ty 17.501 27,681 Restriaed Revenue Funds 9,658 6.706 Total FDDd¥ 27,159 34,387
XLWAles Company R¢gistration Number- 03191309 Trustees, Annual Report for the year ended 31 December 2023 Financial review oftheposition al the repOrtg date, 31 December 2023. The trustees consider the financial perfonnance by the charity during the year to have been satisfactory. Policw on reserve& It is the policy of tbe charity to hold unrestricted funds at the level r¢quired to rneel all il's liabilities should tbe charity be required to wind up. At 31 December 2023 the amount required is estimated to be £13k. The level of uDrestri¢ted fimds at 31 December 2023 was £17,501 which is excess of the target. AvAilability and adequacy ofassets of each ofihefunds The board of trustees is satisfied that the charity's assets in ¢a¢h fund are available and adequate to lfIl its obligations in respect of each fund. Plans For the Fulure Summ&ry of plans for the futsre Ind the trustee$, peryKcdve of the futsre direction of the charlty. XLWales will continue to deliver aclivilies both ID and out of sch] consistent with its objeclive5 and the need to be self-finan¢ing. We will look inio possible fimding sources to continue PTojKls that aim to introduce new technology into the wmmunity through working with family learning groups and Imh. We will continue to seek ways to increase the number of Roadshow visits. We will ¢ontinu¢ to promote the Holiday Club to ensure thal it generates fvnds to enable it to becorne sustainable. Our fimdraising efforts to secure donations and antS to deliver our charitable objectives will conlinue. We will build on the success of intergenerational science based activlty sesslons Challenging expectations of what's possible for pwple living in care homes and those suffering from dementia. IDdepeDdent Examiner Mrs Julie Corb¢tt Member of The AssA)cialion of Charltrcd Certifid Acc¢Juntants in the Unitoj Kingdom. River5id¢ House Swanse SAI 2JA
XLWales Company Registration Number- 03191309 Trustees, AnnuAI Report for the year ended 31 December 2023 Statement of the Directors Trustees, Responslbllllles The chariws trustees arc responsiblc for thc prepardtion of the accounts in accordance with the temy of the Companies Act 2006, the Cbarities Act 2011 and the ChaTili¢s (Accounts and Rq)orts) R¢golations 2008. Notwithstanding the explicit requirement in the extant statutory regulation4the ChaTiti¢s (Accounls and Reports) Regulations 2008, to prepare the financial statements in accordimce with the SORP 21K)5. in vicw of the fact that the SORP 2005 bas bcen w1thdrdW the Trustees determined to interpret this resSibIlIty as requiring them to follow current best practice and prepare the acwuuls according lo the FRS 102 SORP {Statement of Recommended Prd¢tice for Accounting and Rq)orting by ChaTities} 2015, (as amended by the Bullelin issued in October 2018 and applicabl¢ to all accounling periods beginuing on or after 1st January 2019). (The SORP), . In particular, th¢ Companies Act 2006 and Charity law require the Board of Trustees to prepare financial statements for each financial year whtch give a trne and fair view of the state of affairs of the charity as at the end of the financial year and of ihe surplus or d¢fi¢il of the charity. In PTeparin8 those financial statements the Board is required to =_ - to prepare the accounts in accordaT]ce with United Kingdom Generally Accepted Ac¢ounling Practice (United Kingdom Accounting Standards and applicable law). select suitable accounting policies and apply them consistently.. - make judgements and eslimates thal are reasonable and prudent. - prepare the fEnancial slalements on the going concern basis unless it is inappropriate to presurnc that the charity will continue in business. sta* whether applicable accounting standards and ststements of recommended pra¢ti¢e have been followaL subject to any material departures disclosed and explained in the flnancial statements" Thc13w requiTes that the trnstees must not approve the accowjts unless they ate 5atisficd that they give a true and fair view of th¢ state of affairs of the charity and of the surplus or d¢ficrt of the chaTity for the r. The Trnstees are R150 rcsponsible for maintaining adequate accounting records which disclose with T¢asonable 2ccufdCy at any time the fmancial position of Ihe charity and which aTe sufficienl to show and explain the charity's transaclions and enable them to cnsur¢ that the financial statements MPlY with tbe Companies Act 2006 and comply with regulations made under the Charities Art. They aTe a]so responsible foT safeguarding the assets of the Charity and h¢n¢¢ for taking reasonable steps for the prevcnlion and detection of fraud and thher itrcgularities. The Trnstees are also Tesponsabl¢ for the conienis of the Twslees. reporL and the statulory responsibility of the llndeent Examiner in re]#tion ty the Twsiees, rep)n is limit&l io ¢xamining ihe report and ensuring that. on the face of the report, there ar¢ no material inconsistencies wilh the fi8ures di105¢d in the financi staMent
XLWAles Company Rc8iStraiit)n Number- 03191309 TrDstees' Annual Report for the year ended 31 December 2023 Method of preparv4tion of accounts - Small company provisions The financial statements are set out on pages 10 to 26. The financial statements have been prepared implementing the FRS 102 SORP (Stalement of Recommended Praclice for Accounting and Reporting by Charities) 2015, (3s amended by the Bulletin issued in O¢tob¢r 2018 and applicabl¢ lo all accounting periods beginning on or after 1st January 2019). {The SORP). and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) These fjnancial ateMentS have been prepared in accordance with thc provisions in Part 15 of the Companics Act 2006. applicable to companiGs subjert to the small companies regim¢. This rqx*rt was approv by the board of thtte8 on 17 September 2024. P.R.C GOUGH Dirfflor and Twsiee
XLWales Report of the Independent Examiner to the Trustees of the charitable company on the 4¢¢ounts for the year ended 31 December 2023 I rq)ort to the Tntslees on my examination of th¢ financial statements of the charitable cornpany on pages l O to 26 forth¢ y¢ar end1 31 D¢cembcr 2023 which havc been prepared in accordance with the Charities Act 2011 (th¢ Act) and with ihe Financial Rq)orting Standard 102, leffc¢tive 1st January 2016) as modifidl by FRS 102 SORP {Statement of Recornmend Pra¢ti¢e for Accounting and Reporting by ChaTiiies) 2015. (as amend1 by the Bulletin issueAI in October 2018 and applicable to all accDunlingpcTiod5 kginning on or aftcr 1st January 2019), (Thc SORP), publish by the Charity Commission in England & wal (CCEW}. and undcr the histtyrical cost convention and the accounting PKylicies set out on page 15. Respectlve reBponsSblllties of the Trn$tees and the Independent Examlnu and the bas15 of the report As descnTrJLMI on page 6. you. the charitable CoTnp8nS TrustK5. who ar¢ a150 tb¢ Dir(¥tl>T5 of Èh¢ Company forth¢ purp)ses of Company law. are rthyonsible foT the pr¢p4uatioD of th¢ fin4n¢ial stat¢mcnts in accordan with the Compat]ies Act 2006. lh¢ Charities Act 2011 and all other applicable law and with United Kingdom Gejjerally Accept1 AccouDting Prncti¢e. 4)plicable to smaller entitiffj and for being satisfied that th¢ finan¢ial statements gjve a true and fair vicw. The TTUStee5 consider thal the audit requirem¢nt of SlI0n 144(1) of the Charities Acl 2011 (th¢ Act) does not apply) and that Ihere is no requirement in the memordndum and articles of the charity for the conducting of an audit, and that the accounts do not rwire an audit in accordance with Part 16 of the Companies Act 2006 and that no memb¢r or members have request an audil pursuant to Section 476 of the Companies Act 2006. As a conwuenc4 the Trusl¢¢s hav¢ ¢It that the financial statem¢Dts be subjecl to ind¢pendent examination. Having satisfid myself that the finan¢ial stat¢mwts are not r¢quAr¢d to be audiied under any legal provision, or othenvise, and are eligible for independalt examinatio it is my responsibility to.'- a) ¢xamine the financial statemenis of the chaTity under Section 145 of the ACL b) follow the applicable procedures in the Directions given by the Charity Commission under wtion 145(5)(b) of the ACL Bsis tsf Independent Eyamlner's Ststement and seope of work undertke I rq)ort in respect of my examination of the ehtirity's financial stateJn¢nts carri out unde¥ $145 of thc Act. In carrying out my examination. I have followed all the 4wpIiL&ble Direeti¢)ns giv by th¢ ChaTity Commission under section 145(5Xb) uf the Act selling out the duties of an indq)endent eXalty in to the LX)ndu¢tiDg of au examination. An indwdent cxamination includes a review of the accounting records kept by the charitable company and of the accounting systems cmploy(xl by the chariiable company and a comparison of the fmancial stat¢Jnents present[ with those tewrds. It also includes consideration of any unusual items or dtsclosures in the financi&] statem(x)ts, and sttking explanations from you. as Trustco. Loncerning such Tnatt¢rs. Th¢ PUT}5¢ of thc cxamination is to cslablish as faT as SSIble that ther¢ have been no brcach¢s of charity legÈslation and ihat. on J t¢ basis of ¢vidcncc re]¢vant to thc amount5 and disclosures mad4 the financial statemeDts comply with the SORP. The procedures und¢rtak¢n do not PTovid¢ all th¢ evid¢n that would bc Tcquired in an audi( and inf0mtIOn svppli¢d by the Trustee5 in the course of the examination is not Subj¢¢1 to audii t¢Ms or enquiri¢s and does not ¢over all th¢ nTratters that auditor would consider in arriving at an opinion. The planning and conduct of an kudil 8oes beyond th¢ limited ossurdnce that an independeni examination can Provide Conswuently, I do not express an audit opinion on the view given by the flnancial statements, and in particular, l express no opinion as io whether ilhe financial statements give a true and fair view of ihe affairs of the charity. and my report is limit to the matters set out in the statfflDeDt below.
XLWales I planned and performeA my examination so &$ to s)lisfy mys¢lf thai th¢ obJIlve3 of the independent examinatiojj are achiev1 and before fmalising the rep)rt l obiain&a wriii¢n assuran¢w from the Trustees of all material matters. Independent ExamlDer15 StaternenL Report ¥Dd Oplnlon Subje¢l to th¢ limitations upon lh¢ scope of my work as detail aknv4 1 have compld¢>J my examination.. and can confimj ihat:_ The accounts of this charitable company are not required io be audit1 under Part 16 of the Cornpanies Act 2006. This is a rq)ort in respect of an examination carried out under 145 of the A¢¢ and in accordance with DirtionS given by the Charity Commission under section 145(5){b} of the Act whi¢h may be applicabl and that no mataial matters hav¢ ¢ome to my att¢ntion in nnlIon with the examination wving m¢ ¢ause to believe that in any material r¢%p¢xt:. accounting re£ords were not kept in rw¢¢t of the ¢haTity as r¢quired by Section 386 of the Companies Act 2006 and selOn 130 of The Charities Act 2011; th¢ financial stat¢m¢nis do noi accord wilh those records,. or ¢he finan¢ial statements do nol comply with the applicable wuir¢m¢nls ¢on¢¢n)ing the fornj and content of accounts set out in s¢clion 396 of th¢ Companies Act 2006 otheT than any requiremeni that the accounts give a'true and view, which is not a matter cons1d¢r1 as part of an independent examination. have not been prepard in a¢wrdan¢¢ with the m¢th(K1s and principles set out in the FRS 102 SORP (Statement of R0MMended Practice for Accounting and RqKbrting by Charities) 2015. (as amend1 by the Bulletin &s5u1 in Othyber 2018 and applicable to all accounting periods beginning on or afi¢r 1st January 2019). (Th¢ SORP)- I hav¢ no wn¢¢rns and hav¢ come across no other mattcrs in CODDeKtion with the examination to which att¢lltii)n should be drawn in this report in OTdcr to enable a proper undStandIng of the financial stst¢m¢nls to i* TeathLXI. SigDed:. Mrs Julie Corbett- Independent Examiner Chartcrcd certifi Accountant Riverside House Norniandy Road SAI 2JA This rqxirt was signed on 17 Sq)i¢mber 2024
XLWales - Statement of FinaJ)civ41 Activities for the year ended 31 December 2023 Statement ofFinancialArtiYties Gmcluding ¢he Income and Expenditi4reAccountfor iheyear ended 31 December 2023, as requlred by the Companies Ac¢ 2006) SORP Ref CBrrent year u611¢1ed Fund5 Curr¢ml y¢a year Totsl Fwbdi PTlor Ye#r Tot•1 Funds Fundi 2023 2023 2023 2022 Income & Endowm¢mts from: Donations & L¢ga¢i¢s Charitable activities Other Al 5,000 000 39,808 185 20,346 34,410 12 A2 A5 39.808 185 Total Intome 40,993 5,01)0 45,993 54,768 Expendltsre on: Charitable activities B2 51.173 2.048 53321 56.007 Totsl expeDdlture 51,173 2,048 53,221 5&007 Nei {eypeDditure)IIDcome for the yr (10,Iso) 19S2 17,228) (1,239) Net (expenditthreYID¢thne after transfers A-B (10,180) 2.952 (7,228) (1,239) Net movem¢ttt lunds (10,180) 2.952 (7,228) (1,239) Re¢ollelllatiM of fuDds:. Total fMnd$ brougbt fonvard 27,681 0.706 34J87 35,626 Tot41 fuDd5 carrled forward 17,501 9,658 27,159 34a87 The'SORP Ref indicated above is the classlfication of irt¢ome sel Out in the fornia] SORP documenis. As required by para8raph 4.60 of the SORP. th¢ brought fonyard atml carried foard fiuKls aboY¢ havc bcen awd lo th¢ Balanc¢ Sh¢ct. A Statement of Total ReColsed Gains and Losses is includ[ a5 a primary statement ID these accounts. All activilies derive from continuing operations The notes attacbed oll pages IS to 26 form an integral part of these ¢¢ounts. 10
XLWales - Stalement of Financial Activities for the year ended 31 December 2023 XLWAles - Analysis of prior year total funds a5 required by paragraph 4.2 of the SORP Prjor Year Prior Y¢•r Prlor Yer SORP Unr¢stri¢t¢d Fttnds Re8trlcted T•)1 Fwids 2022 2022 11122 Im¢ome & Elldowments from: Donations & Legacies Charitabl¢ #¢tiwli¢s Other trading aclivitiC5 Al A2 20,346 34,410 20J46 34,4111 A4 A5 Other 12 12 Tolal income 54,768 S4,768 Expelldlture Raising funds Bl Charitable activities B2 Other B3 Tax on surplus on ordinary activitie5 B3 Other taxation B3 53,464 2.543 s[MI7 Totsl ¢xpendltsr¢ 53,464 2,543 S6,0117 Nel 8aills on investments B4 Ne¢ Income for tbe year 1.304 (2,543) (1,239} Transfers betweell funds fillcome after traD$fers 1,304 (2.543) (1,239) Net movement In funds 1304 (2,543) {1,239) Re¢oncililltiom of fuDds:. TotAI fuDds brought forward 26,377 9,249 35,626 Total funds carrled forwgrd 27,681 706 34,387 A Statement of Total Recognised Gains and Losses is included in ihese accounts as a separate primary staternent Statement of Total Recognised Gains And Losses for the year ended 31 December 2023
XLWales - Ststernent of Financial Activities for the year ended 31 December 2023 21123 2022 Surplus for tb¢ yr :. Net exces5 of incom¢ eXpd]lure from operdtions before R¢alised gains disw5als of social investm¢nls whi¢h 8r¢ prog¢ relat¢d (8,228) (1.239) Incomefroth operdhons before the Smtement oJFin4n¢ialAdlthes (8,228) {1,239) AdW(deduet) nom ineome Lrpendilure i¢ems.'_ Grants for the acquisition of fixed assets Net Movernent ID fuDd$ before taxatlon 1,000 {7,228) (1,239) Funds generated In th¢ year AS $boivn on Ststement of Fknancl*l Aetlvldes (7,228) (1,239) The Dotes Attached on pages IS to 26 form an Integral p8rt of tbe5e ac¢ouDts. 12
XLWales - Stalement of Financial Activities for the year ended 31 December 2023 XLWales - Resources applied in the year ended 31 Deeember 2023 towards fixed a$$ets for Charity use:. 2023 2022 Funds gen¢rat¢d in th¢ year as detailed in the SOFA Resources applied on fimctional fixed assets Other applications of fiThts (7,228) (878) {1.239) (1,238) Nel resources available to fund ¢haritable activities {&106 (2,477) Th¢ notes attached on pages 15 to 26 form an integral part of the Yéccounts. Movements in revenue and capital funds for the year ended 31 December 2023 Revenue accumulated funds Unrestrkted Restricted Total Las* ye•r Total Funds FuDd8 Fun41s 2023 2023 2023 2022 Accumulat¢d funds brought forward 27.681 6,706 34,387 35,626 Recognised gains and losses before Iransfers (10,180) 2,952 (7,228) {1,239) 17.501 9,638 27,159 34J87 aosing rev¢llye fuDd5 9,658 27,159 34J87 Summary of funds Unreitrftted Restsicted Total Lilt Year and De51gnAted funds 2023 Funds 2023 2023 2022 R¢v¢nue a¢¢umulat&] funds 17,501 9,658 27,159 34,387 The notes attAched on pages IS to 26 form all integral part of these aceounts. 13
XLWales - Statement of FinaD¢ial Activities for the year ended 31 December 2023 XLWales Income and Expendfiture Account for the year ended 31 D¢¢emb¢r 2023 as required by the Companies Act 2006 2023 2022 Income Income from operations 44,808 54,756 vestment income Oth¢r operating income 185 12 Gross Ineome itt the ye4r before excepdoD81 Items 44,993 54,768 Gross Ineome In the yemr 1CludIng ex¢¢ptioll#l items 44,993 54,768 Expenditmré ChaTitable exp¢ttditur4 excluding depreciation aTKI amortisation Depreciakn"on and aTTK)rtisation Governance costs ReaJis¢d losses on disposals of social InvMentS which are programme related 51.349 672 1,200 53.878 965 1,164 Total expenditure ID the year 53,221 5fi007 Net Income before tAx kn the f1ty4n¢i41 year (8,228) (J,239) Ttsx on SUTplus on ordinary activities Net Income after tsx ltt the financial year (&228) (1,239) Retained SUTpIu5 for tbe fJDAncial year (&228) (1,239) All activities derive from continuing operations In accordance with the provisions of the Companies Act 2006, the headings and subheadin85 used in the Income ad Expenditure a¢Ullt have been adapted to reflect the special natur¢ of th¢ ¢haTiWs activiti¢s. Th¢ llot¢$ attaebed OD pages IS to 26 forn In integral port of these accounts. 14
XLWaEes - Balance Sheet as at 31 December 2023 SORP Ref Notes 2023 2022 Flxed assets Tarftgible assets Current assels Debtors 3,174 2,968 B2 89 69 Cash at bank and in hand B4 25,096 32.514 ¢urrellt assrfs 25.185 32,583 Creditors: amounts f118 dut wlthin one io ci (1,200) (1,164) Ne¢ current assets 23,985 31.419 The total net assets of the cbarfity 27,159 34 J87 The total net Asxets of the charity are funded by the fumds of the charity) as follows:. Res¢rlcted funds Restricted RcTrUe Funds 14 D2 9,058 6,706 9,658 6,706 Unrestrieted Funds Unrwtricted Rev¢nue Funds 14 D3 17,501 27.681 17.501 27,681 Deslgnated Funds Total charlty funds 27,159 34J87 The'SORP Ref indicated above is the c]Sification of Balan¢e She¢t il¢ms as Sel out in the fornial SORP documents. As rquireJ by paragraph 4.60 of the SORP, the brought forward and canied forward fvnds above have been agreed to th¢ SOFA. Thc dircctors are satisfied that th¢ company is entitld to exemption from the requirement to obtain an au(Jit under section 477 of the Companies Act 2006. The rnemb¢rs have not rcquired the company to obtain an audit in acci)rdanc¢ with section 476 of the Act. Th¢ dir¢¢lors acknowledge their responsibiliii¢s for complying with the r¢quiranents of the Companies Act 2006 with respect to ac¢ounting recoTds and the preparation of a¢¢ount& Th¢ ¢harity is subject to Independent Examination under charity legislation, and the report of ihe Indwendent Examiner is on page 9. The financial Statements have been pr¢pued its accordance with th¢ provisions in Part 15 of the Companies Act 2006, appIlbI¢ to companies subject to the SMAII ¢ompanies regim& P.ILC GOUGH Trustee Approved by the board of trustees on 17 S¢ptember 2024 The notes attaehed on pages 15 to 26 forn] an Inlegral part of these accounts. 15
XLWales Notes to the Accounts for the year ended 31 December 2023 l Accounting poll¢les Policies relaling lo iheproduetloh ofthe accoun1& B4$15 of preparation and Èceonntine eottventio The accounts havc be¢n pryr¢d on the accruals basis. under the historical cost ¢onv¢nlIo al in accordance with the Financial Rq)orting Stalldard 102. l¢ffeciiv¢ 1st January 2016) and'FRS 102 SORP (Statement of Recommended Practice for Accounting and RwTting by Chatities) 2015, (as amended by the Bullth"n issued in 0¢ber 2018 and a]Ypliuble io all accounting periods b¢wJming on or after 1st January 2019). (The SORP), published by the Chartty Commission in England & Wales (CCEW), effective January 2016, . and in a¢¢oTdan¢e with all applicable law in the charitys jrisdIction of registration, ex¢q)t thai the charity has prepared the financigl ststements in a¢¢ordanc¢ with thc FRS 102 SORTr (Statement of Recommended Prd¢tice for AOUnting and Reporting by Charities) 2015, (as amended by th¢ Bulldin issued in (ktober 2018 and applicable to all accounting perlods beginnin8 on or after I st January 2019). (Thc SORP), in preference to the prevAOUS SORP, the SORP 2005, which has been withdrawiL notwithstanding the fact that the ¢xtanl statutory regulaiions, the Charities (Accounts and Reports) Regulations 21K18 refer explicitly to the SORP 21KI5. This has been done to accord with current be# practi¢¢. Risk5 and futhre A55umption5 The eharity is a public benefit entity. The Trnstees are mindffijl of th¢ Charity CO7s510n,S guidance on Pub]ic Benefit and believe that the services the Charity offers serves Ihe COMMlty. Policies r¢lating lo eategories ofineom¢ and income recognilio N4tsre of income Gros5 incorne represents the valu¢, net of value added tax and discounts, of goods provided to customers ad work Caled out in r¢sp¢ct of scrviccs provided to customers. C*te¥orAe5 1cO1C Income is catsgorised as income from ¢xchang¢ traTJsactions (contract income) and income from noTrcxch3nge trnnsactions (gifts). investment in¢ome and other incom Ineome from exchage ¢raDsactions is received by the thority foT goods or seTri¢es supplied under Contract OT where entitlement is subject to fulfillingperfonnancc r¢lat wnditions. The income the chlty receives is appmximately ¢qual in value to the goods or services suppli1 by the charity to the pUh8$¢r. from a nOD-exebange tr#nsAetSoll is where the charity receives value from the donor withOt providing equal valu¢ in exchang¢, and in¢lud¢s donations of money, goods and services freely wven wiihout giving cqu81 value in exchange. ltteome recogDitioll Income, whether from exchange or non exchange tTansactions. is recognised in the statement of financial activities {SOFA) on a Twcivable basis. when a transacÉion Dr olher ev¢nt 5VI in an incrca5c in the charity's assets or a TeduL4ion in its liabiliti and only when the cljarity has legal enlitlement. the income is probable and b¢ ¢aSur¢d rcjiably. DivideJNis are a¢crn¢d when the sharehold¢r'$ Tight lo rrt¢ive pa)qncnl 15 Cstablished. Income subject io tem)s and ¢onditi(Trns which must be met before the charity is entitled to the resource5 15 not rOls until the Conditions have b¢¢n met. All in¢ome is accounted for gross. bcfor¢ deilucting any related fees or costs. 16
XLWales Notes to the A¢counts for the yefir ended 31 December 2023 Policles relating lo expenditure on so•$ andservicesprovided to the charity. Reeognltiott of liabilitie8 and expelldlthre A liability, and the related expenditur4 is recognis&l whe]] a l¢gal or coJ]strnctive obligation ¢xi5ts as a result of a past event. 8]Ml when it is morc likely than not that a transfer of ¢¢onomic benefits will be required in settlemenL and when the amoum of the obligation can be measllreAI or reliably estim8t¢d.. Liabilities arisin¥ fron] future funding commitm•)15 and constnictive obligations, including perforn)2nce related grants, where the timing or the amount of the future expenditure required to 5¢tt1e the obligation are un¢ertain, give rise to a pmvision in the accounts, which is reviewed at the accounting yrar end. The provisioj) is increased to reflect any inrr¢a%5 in liabilities, and is d¢¢r¢as¢d by th¢ ulilisation of any provision within the period. and reversed if any provision is no longer r¢quired. These movements are charged OT credited to the respe¢live fund5 and activities to which the provision relat¢s. AllocAtlng eost$ to ictivitieg Dir¢a Costs that are specifically relat to an activity are 211o¢ated to that activity. Shared direct costs and support ¢osts are apRKJrtioned between activities. The basts for apportionment, which is consistently applied. aTht proportionate to the circumstances. is :_ St4rrin8- on th¢ basis of time spent in cotmcction with any particijlar activity. Premises rtl*ted ¢o¥ts- on the proportion of fl(K)r gT¢a 0¢P]Cd by a parti¢ular a¢tivity. speelllc support eosts - on th¢ basis of the usage of resources. in tern of tim¢ tsken, capaciry us¢d, request made or other measu$ Policies r¢lAling to assets, Ildbuities 4ndprovlslons and other m4¢ler& Tangiblefed Tangible fixed assets are me4sur¢d at thcir original cost valu¢. or 5ub5equent revaluation, or if donat. as describ aboY¢. Cost valy¢ includes all wsts expended in bringing the asset into its intended working condition. Dcpreciation has b¢en PTovided at the following rate5 in order to write off th¢ asscts to their anticipated rc5idual value over their estimated usefijl liv¢s. Plant and machinery 15 0/0 straight line A regular annual review of th¢ likelihood of asset impaiment is undertaken. Debtors DebtOTS are measured at theirrecowable amounts at the balan¢¢ sheet date. Cr¢dltor5 and provision8 Short terni edItOrS are measured al transaction price (whT¢h is usually the invoice pri¢e)- Loans and otber financial liabÉlities ar¢ initially re¢ognis¢d at trdnsaction price ne¢ of any ITansaction wsls and subsequentty medsured at amortised cost deterniined using the eff¢¢tiYe interest method. Cash alld bAttk b4laDees Cash held by ihc charity fft& included at the amounl a¢allY held and counted at the year end. Bank balance4 whclher in credit OT overdrawn. aTV sIn at the amounts properly TonCIled io the bank statements. P¢llsioDs- defined COtr?1 )utioD 5cbemes Th¢ charity operates a defin contribution p1$10 scheme. Contributions are Charg to the profil aTJd Ioss account as they be¢ome payable in a¢¢ordance with the njlw of the scheme. 17
XLWales Notes to the Aecounts for the year ended 31 Deeejnber 2023 Fund AccovDtIDg Unr¢strictLMI fund5 ar¢ available for use at the diw¢tion of the tn]stees in furtherance of th¢ gcn¢J31 objectives of the ch8rity. 2 Liabillty to taxation Th¢ Twstees comsider that th¢ chaTity satisfies the tests Set out in Paraaph I Schedule 6 of the Finan Act 2010 for UK COOratiOn tax purposes. Ac¢oTdingly, the Charity is pol¢niially exempt from iaxation in respect of income or capital gains Teceived within categories ¢Ov¢r by chapter 3 part I l ofthe Co4)oration Tax Act 2010 or S¢¢tion 256 of the Taxation of Chargeable Gains Act 1992, to the extent thai such income or gains ar¢ applied exclusively on the specifi¢ ¢haritsble objects of the charity and for tK) other PUTpose. Value Added Tax is not recoverable by the charity, and is ih¢r¢for¢ included in thc r¢l¢vanl ¢osts in the Ststement of Financial Activities. 3 Winding up or dissolution of the ch4rity If upon windin8 up or di5501ution of the chaTity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fiu)d shall be transfeed to som¢ other chatitsble body or boih'e5 having similar obj¢¢ts to the charity. 4 SlgnificaDce of fininclal instruments to the charity's posfitfjon Th¢re is no SI1f1¢an¢e of financia] instrumcntS to the charitys financia] position or perfornian¢e. 5 Net surplu5 before tAX Jn the finaDcial year 2023 2022 The net suTplu5 before tax in the financial year is slated after charging:_ D¢preciation of own¢d fix assets Pension costs 672 723 965 845 6 Staff ¢ost5 and emolunbent5 Salary costs 2023 2022 Gross Salari&8 excludiJ]g trustees and key managent personnel Employefs operating ¢osts of defined Contribution pension schemes 41.797 723 43,889 845 Total sg14rie& wages ad rel4ted ¢ostS 42.520 44,734 The averdge numb¢r of part time staff employcd in the year was The estiJnaicd full time equivalent number of all staff en)plOY in the yeaT wa5 The estifftffled eqmivalenl nvrnber time deployedin difftr¢w aeiiviliff5 in iheyear MW5.'. Eng2g&l charitsble aciivities The eslimaledfull lime equivalenl nuwjbev offjllstulfemployédosabove 18
XLWales Notes to the Aeeounts for the year ended 31 Deeember 2023 Neither the trnstees nor any pon$ ¢onn¢¢ied with them have Teceived any r¢mun¢raiion fmm the charity or any rclat¢d entity, either in th¢ Qu¢nI or PriOT y¢or. No employ¢¢s re¢¢ived emoluments {ex¢luding pension Cosis) in excess of £60,000 per annum. No Iyo Ivumbers ofsu¢b whom benefits4re attrwng :" Under defin contribution peJJsion s¢h¢mes High¢* patd employee Th¢ r¢munerdiion in the year was Pension contributions paid by th¢ ¢mploy¢r 14,558 432 15,911 428 Trtal remHnern¢ionpdcka8e inelmded in irtalsulorlu above 16 39 7 Remun¢rarfon and paym¢nt$ to Trnslees and persons Connected Jyith them No tjusttts or persons connected with them received any remuneration from the charity. or any related entity. 8 Tangibl¢ fixed assets CMrreM Year Plattt & MAibillery Totgl Cost At l January 2023 Additions 24,005 878 24,005 878 At 31 DeCeber 2023 24W3 24,883 Deprec1#0 At l January 2023 Charg¢ for the yr 21.037 672 21.037 672 A131 Deeember 21123 21,709 21,709 Net book value At 31 December 21123 3,174 3,174 At 31 December 2022 2,968 2968 19
XLWales Notes to tbe Accounts for the year ended 31 December 2023 Prior Yeor Plant & MaehlDery Tot] C05t 01 January 2022 Additions 22,767 1,238 22.767 1,238 31 Detember 2022 24,005 24,005 Depreeltlo 01 January 2022 Chargc for thc year 20,072 965 20,072 965 31 Deeember 2022 21,037 21,1137 et book value 31 Decemher 2022 2,968 2,968 31 December 2021 2,695 9 Debtors 21123 2022 Other debtors 89 69 10 Creditors: amounts falling due within one year 2023 21122 AccNals 1200 1.164 I I IDcome and Expenditure account smmmary 2023 2022 At l Jauu*ry 2023 s]US{defiCIl) for the year 34,387 8,228) 35,626 (1,239) At 31 Dvtmber 2023 2fi159 34J87 12 No related party traDsactioDs Th¢r¢ were no transa108 with related parties in the year. 20
XLWales Notes to the Accounts for the year ended 31 December 2023 13 Partieulars of how particular funds are represented by assets and liabilities At 31 Dt¢¢mber 2023 URre5trlcted De$ignJted funds Restri¢l¢d Totsl fllnds fuad$ FMDdi TaDgibl¢ Fixed Assets CuThent Assets 3,174 15,527 (1,200) 3.174 25,185 (120) 9,658 Cumt Liabilities 17,501 9,658 27,159 At l JanuAry 2023 Unrestslcted De5i¥n•ted fvllds Re5tri¢t¢d IBDd8 Totsl Tangible Fixed Assets Current Assets 2,968 25.877 (1,164) 2968 31583 (J,164) 6,706 CuThent Liabilities 27,681 6,706 34J87 14 Change in total funds over the year as shown ID F40ts 13 , analy5ed by individual funds bMu%ht forward from TraDSfer5 Fullds cxnled between fund5 forward to ID 2023 2024 Mov¢m¢nt fund8 In 2023 21122 Unrestricied anddeslgntttedfunds."_ Unrestricted Revenue Funds 27,681 (10,180) 17,501 Total UllTestrSeted desigllated 27,681 {10,180) I?01 R¢MrictedlMnts... DWF and Children and Young People Fund 6,706 2,952 9,658 Total restri¢*ed fundg 706 2,952 9,658 Totsl ehArity 34,387 (7,228) 27,lYJ 21
XLWales Notes to Ihe A¢eoMnts for the year ended 31 Deeember 2023 15 Analysfis of mov¢meDts funds over the year a$ shoivn in Note 14 Other Gains & Ineome Expendfitsre MovemeDt Los$e$ ID f¥nds 2023 21123 21123 2023 Unr¢slric¢edanddesigxotedlwuls."_ Unrc51ricted R¢v¢nu¢ Funds R&¢ridedfUn... DWF and Children and Young People Fund 40,993 (51,173) {10,180) (2,048) 2,gS2 45,993 (53,221) {7,228) 16 The purposes for wbich tbe fund% as Ur&tri¢ted and duigMutedfMnds.'. These fuThls are held for the m¢¢ting the objectives of the charity. aThJ to provide reseeS foT fvlure activiti&q, and, subject to charity legislation. are free from all restrictions on th¢ir us¢. Unrestri¢ted Revenue Funds Restrieledfmttds DWF Th¢ d¢livery of Digital inclusion project and Children and YO)8 Pwpl¢ Fund- Funding for Holiday Club. 17 Ultimats eoDtrolliDg party Th¢ charity is under the control of its legal rnembers. 22
XLW4les Detailed analy$lg of Intom¢ •nd ¢yp¢ndliure for the year ended 31 De£ember 21123 05 Tequlred by th¢ SORP 2015 rhts clossuled t•y ¢OhveToolominol ducripliL•ns by odlvlty. IS Donotion5, Grnts and Legaci Currth ytllr UMr¢siwtttrd Currentyear Restrlctod Fwds CprYttyttr Totul FuDd¥ PTitstYor TotlFund5 2023 2Tr2J 2•Z3 IhbD8doDS aDd glfts frtsm llldlvldoals Small donation5 individu811yless than £lOOO 700 Total donailons grtd #ifts from IDdivIdlls 7110 C1tYer ureSttted F5 2023 Currentyeir Restficted Funds 2023 Current yur Prknryur Tolal Tothi 2023 2022 Rvenue grarnts from gov¢rttTrni pul W¢lsh Chwch Act City and CountyofSwan5e8 Children and Youty8 Pw50ns Partnership City& County of swara-cOv1D 19 Grajht 3,000 3J(Xl 500 Wc]sh Council for vO]untaryb0n 11.436 Family Inforn)&tion S¢Nc¢ sp[ 1,710 Total publir sedor reyenue grts 18,646 Curr¢ni year Umnstrf¢ttd Fun Currtlltytllr Rttthtted Funds Currentyttr ptye•r Totll Fwd$ Tot¥1 Fw 20 2023 Z022 Rtvenu¢ 8r4Dts don&tiotts from pvbJ5t ldI¢S The Uysdinats) Th]st DWFFojdaIl0rt J,wo I,(x)o Tot81 PTlwAts settor r¢veny¢ grxuts Currtul year CurreDI year RtsrlEttd Cufreknt yer PvSor Yur TvtAI FMlld5 Toi•l Fwth 2023 2023 2023 2022 Capltal grAllts ftom 8ovtr•tnellt And p¥b]ic bodi¢s City& County of Swans¢a Capital Gra])I i.ooo 1,000 Total public se¢tOT r*pItsI grants Total Donations, Gr•Dls 4nd LeRa¢ReS 1.0 Al ZDJ46 23
XLWales D¢t#lled anal13 of Ineome and expenditre for the Ye ended 31 December 2023 Is requlred by tht SORP 2015 19 Ittcome from charitable actIlIes- Trading Aetivffitles CurrÉwy¢&r crrthY¢Ir urE¢Tled Ftslld5 Curreni y¢Y RettrirtEd Funds Currtthyur PrforYtr Fwl$ 2023 202J 2023 2022 Prlmthry PUrpt aDelllary tradlng Out of sthwl acliYilie6 34273 34273 2?.409 School mad8hows 4.340 6J90 commltygrOUp5 nYddshow5 ,195 l.J95 611 Total Prlmary PrPose And unelllw trathng 39,808 39.808 34hiO 20 Totsl Ineomt from ¢hwrStable setlvltlts Cryrrentyear urestrIcd Currplltyr R¢9tritted FllDd$ 2023 Currtty yt4r Prlor Year CuTh¢v¢ye4r Ttyl Fwd$ TtstlFnrfS 2023 2022 Total i]Kome from chaTilable Irddim¥ 39,808 39 34.41 TtAl frorncbarlt8ble Acdvltltg 39.808 34AIO 21 Other income alld g8in5 Currebtt ytr UDrestbl¢t¢d CprreDtytAr Restricted Fuods 202J CurrtDI year PrJorYer C4rY¢hiyur TDt Fulld5 Totsl Funds 2023 2023 21n2 SwJ(lrythhez income 185 12 Tot•1 oth¢r irJ¢ome 185 185 12 24
XLWales DttHiled an4lysl$ of Sn¢ome and expendi¢re for ¢h¢ year ¢nded 31 December 2023 •$ requlred by ihe SORP 2015 22 Expettditure on eh4ritsbft¢ •ed%lIes- DArect $pÈnditt8 Cymlliyear ]wfslrl¢led Fa$ 21123 Currèmi year ReAtrftled Prl•rYur rreMI Fe4r TrfI FMd6 20 2022 GTOSS wages and salar1- charitsbl aclivities Derm contribution PlI)n costs - chatitabl¢activi¢ies TrAvel and Subsisten¢e- Charitable A¢tiNiiies Markding and advutising of charitsble s¢Tvi¢es MaieriaLs and 4uipmfflt Rajt 39.801 1.996 41.797 43J89 723 723 518 52 $70 678 102 702 3,564 3,275 Totsl direct Speding B2 45.422 47,470 49387 rlorY¢r PYl•rYur PrbtrrYtr Prior Yr Funds 21J22 Trfal Fwds 2022 2022 Gross WAges and salaries- chaTithble activiti& Trnv¢l and Subsista)¢e- Charitsble Aciiviiies Matiyiats at 1pmen1 41,605 2.284 539 139 678 577 21 Total direet spending 23 Support costs for ch&rit8ble activities B28 4A943 2A44 49J87 c.thrreiYo1r Llnrostrleied CllfteTrt ytr Prltyryur Roslrtettd rreni Year Ttytl FUJ5 Tot*1 2023 1023 2023 2022 Employee c051s nol included IN direct ctssts Training and welfare- staff PremisesExpen5es ti8bt h¢th N)Wff R¢nt- storage roojns Admlnls¢railve overheads Telephone, fax intemel P051a8e stsii¢)n¢ry and printing Subscriptions to periodicaL% Sunthy expthses IrTrsuranc¢ Professlonalfeespald io 4dvtson olh¢rih4n the audifor threxqminer (kn¢r legal and professional 450 Finoncilll costs CreAlii card Charges rkpreciation & Arnortisation in for 196 196 187 195 172 691 691 691 J90 599 47 755 47 755 146 15 627 334 1.126 450 496 38 672 38 6n 38 Support costs before reallKailo 4551 4A51 5.456 Total sliPPOrt COs18- Current Yr 4ASI 4>5] 5,456 25
XLWaks Detailed analysis ol income expendituTr for the year ended 31 Decernber 2023 as reqylred by the SORP 21115 PAor Yr Prlor Yegr Ytar Ujireitrlettd Restrlcled Pnor Veor 1022 2•22 2ts22 TdhoA Fax and iniunet Suppfjrt cost¢ hrfore re4llocation Tfjlgj sllPPOrt eosts- Prior Year 24 Other Expendltsr¢- Goverm4nc¢ ¢o$ts 500 5J57 SJ57 99 99 99 5856 Curr¢Dt y¢r UnYttiYletd Cwrr¢Diyt•r Rdtri¢t¢d ds 2023 CurrthiyegT Currenl YeAr Totsl Fuw15 2023 23 2022 ]ndq)endent Examin&s fees 1,200 IJ Total GoverD¢t ¢05ts 1.21JO l.J64 25 Total Charitsble expenditure Currentyear UnTQStricted Current year Resirlcled UDdB 2023 Cwrr¢ni y¢•r Ye•r CMrr¢#t Y¢#r TotlFud6 2023 2023 2fr22 Totsl direcl spending Totsl Sup[ costs Total Governance costs B2a B2d B2t 45,422 4,551 1200 2.IM8 47N70 4JSI iJ( 49J87 5A56 Ttst eh&rit•bk ¢XPEoditure B2 5J,J73 2.048 53,221 Prlor Year Vnr¢¥kted Prlor Yar Rtjtrirtrd Funds 2[122 Prlor Yer Prior Year Tot 2022 2022 Total dirttt speThding Totsl support Costs Totsl GQVfflnce costs B2fi B2d Bze 46,943 5,357 1,164 49J67 5,456 1.164 99 Tot1 ¢barltable expendlture B2 53.464 2.S43 26