| Page | |||||
|---|---|---|---|---|---|
| Report ofthe | Trustees | 1 | to | 3 | |
| Report ofthe | Independent | Auditors | 4 | to | 7 |
| Consolidated | Statement of Financial Activities | ||||
| Consolidated | Balance Sheet | ||||
| Charity Balance Sheet | 10 | ||||
| Cash Flow Statement | |||||
| Notes to the | Consolidated | Financial Statements | 12 | to | 22 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | F | ||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
3 | 202,630 | 202,630 | 268,598 | |||
| Charitable activities |
4 | 5,000 | 5,000 | 4,998 | |||
| Other trading activities |
5 | 1,301,158 | 1,301,158 | 527,560 | |||
| Investment income |
45 | 45 | |||||
| Total | 1,508,833 | 1,508,833 | 801,156 | ||||
| EXPENDITURE ON | |||||||
| Charitable activities |
7 | 278,884 | 278,884 | 313,321 | |||
| Raising funds | 6 | 1,183,909 | 1,183,909 | 486,084 | |||
| 1,462,793 | 1,452,793 | 799405 | |||||
| NET INCOME | 46,040 | 46,040 | 1,751 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward Net movement in funds |
2,008,059 46,040 |
2,008,059 46,040 |
2,006,308 1,751 |
||||
| TOTAL FUNDS CARRIED FORWARD | 2 054,099 | - | 2,054,099 | 2 005 059 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 10 | 1,922,055 | 1,85?,485 | |||
| Investments | 11 | |||||
| 1,922,Q55 | 1,857,485 | |||||
| CURRENT ASSETS | ||||||
| Stocks | 12 | 92,854 | 132,675 | |||
| Debtors | 13 | 15,557 | 17,698 | |||
| Gash at bank | 168,345 | 110,962 | ||||
| 276,756 | 261,335 | |||||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 14 | 144,712 | 11Q,761 | ||
| NET CURRENT ASSETS | 132,044 | 150574 | ||||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 2,054,099 | 2,008 059 | ||||
| CHARITY FUNDS | ||||||
| Restricted Funds |
||||||
| Unrestricted Funds |
15 | 2,054,099 | 2,008 059 | |||
| 2,054099 | 2 008,059 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | f. | |||||
| FIXED ASSETS | ||||||
| Tangible assets | 10 | 1,869,115 | 1,869,115 | 1,818,668 | ||
| Investments | 11 | 247,579 | 247,579 | 197,579 | ||
| 2,116,694 | 2,116,694 | 2,016,247 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 13 | 1,628 | 1,628 | |||
| Cash at bank | 35,905 | 35,905 | 22,898 | |||
| 37,533 | 37,533 | 221898 | ||||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 14 | (8,737) | (8,737) | (6,562) | |
| NET CURRENT ASSETS | 28,796 | 28 798 | 16,336 | |||
| TOTAL ASSETS LESSCURRENT | ||||||
| LIABILITIES | 2,145,490 | 2,145,490 | 2,032,583 | |||
| NET ASSETS | 2,145,490 | 2,145,490 | 2,032,583 | |||
| FUNDS | ||||||
| Unrestricted funds |
2,145,490 | 2,032,583 | ||||
| TOTAL FUNDS | 2,145,490 | 2,032 583 |
| Notes | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities | 16 | 168,259 | 204,423 | ||||
| Cash flows from investment | activities | |||||||
| Transfer | offixed asset on acquisition | of | subsidiary | (43,189) | ||||
| Purchase | oftangible fixed assets |
110876 | 75,084 | |||||
| Net cash | provided by/(used |
in) investing | activities | (110,876) | (118,273) | |||
| Change reporting |
in cash and cash equivalents period |
in | the | 57,383 | '86,150 | |||
| Cash and | equivalent at the beginning |
of | the | reporting | 110,962 | ;24,812 | ||
| penod | ||||||||
| Cash and cash equivalents | at the | end | of | the | 168,345 | 110,962 | ||
| reporting | period |
| Freehold property | 2%straight | line | line |
|---|---|---|---|
| Plant and machinery | 10%straight | line | |
| Fixtures and fittings | 10%straight | line | |
| Oflice equipment | 18%reducing | balance |
| 3.Income | from | from | donations | donations | and legacies | ||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| Funds | Funds | ||||||
| 2022 | 2021 | ||||||
| Donations | 7,500 | 2,721 | |||||
| Grants | 69,630 | 50,000 | |||||
| Prospect | Education | Trust | 18.300 | ||||
| Novus Trading | Limited | 197,577 | |||||
| National | Fund | 125,500 | |||||
| 202,630 | 268,958 | ||||||
| 4.Charitable | activities | ||||||
| Total | Total | ||||||
| Funds | Funds | ||||||
| 2022 | 2021 | ||||||
| Rent Income | 5,000 | 4,998 | |||||
| 5,000 | 4,998 | ||||||
| 5.Other trading | activities | ||||||
| Total | Total | ||||||
| Funds | Funds | ||||||
| 2022 | 2021 | ||||||
| Novus Trading | Limited | 1,301,158 | 527,560 | ||||
| 1,301 158 | 527,560 | ||||||
| 6.Expenditure | on raising | funds | |||||
| Total | Total | ||||||
| Funds | Funds | ||||||
| 2022 | 2021 | ||||||
| Novus Trading | Limited | 1,183,909 | 486,084 | ||||
| 1 183,909 | 486 084 |
| Total | Total | ||
|---|---|---|---|
| Funds | Funds | ||
| 2022 | 2021 | ||
| Depreciation | 38,779 | 174,472 | |
| Property | repairs | 32,320 | |
| Donations | 200,630 | 130,245 | |
| Audit and | accountancy | 4,046 | 6,7Q8 |
| Bank charges | 109 | 96 | |
| Legal and professional | 3,QOO | 1,800 | |
| 278 884 | 313,32 I |
| 8.Auditor' | remuneration | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| Funds | Funds | ||||
| 2022 | ;2021 | ||||
| Fees payable to the Charity's | auditor | for the audit services | 5,000 | 5,000 | |
| Fees payable to the Charity's Non-audit services |
auditor | in respect of: | 2,500 | 2,250 | |
| 246,564 | 313,321 |
| Group | |||
|---|---|---|---|
| Plant and | |||
| Land and | machinery | ||
| buildings | etc. | Total | |
| F | |||
| Cost or valuation | |||
| At 1 January 2022 |
2,157,408 | 303,282 | 2,460,690 |
| Additions | 89,227 | 23,578 | 112,805 |
| Disposals | 1,926 | 1,926 | |
| At 31 December 2022 | 2,246,635 | 324,934 | 2,571,569 |
| Depreciation | |||
| At 1 January 2022 |
338,741 | 264,465 | 603,206 |
| Charge for the year |
38?79 | 7 529 | 46,308 |
| At 31 December 2022 | 377,520 | 271,994 | 649,514 |
| Net book value | |||
| At 31 December 2022 | 1,869 115 | 52,940 | 1 922,055 |
| At 31 December 2021 | 1,818,667 | 38,817 | 1,857,485 |
| Charity |
| Plant and | ||||
|---|---|---|---|---|
| Land and | machinery | |||
| buildings | etc. | Total | ||
| Cost or valuation | ||||
| At | 1 January 2022 |
2,157,408 | 224,030 | 2,381,438 |
| Additions | 89,227 | 89,227 | ||
| At | 31 December 2022 | 2,246,635 | 224,030 | 2,470,665 |
| Depreciation | ||||
| At | 1 January 2022 | 338,740 | 224,030 | 562,770 |
| Charge for the year |
38,779 | 38,779 | ||
| At | 31 December 2022 | 377,519 | 224,030 | 601,549 |
| Net book value | ||||
| At | 31 December 2022 | 1 869,115 | 1,869,115 | |
| At | 31 December 2021 | 1,818,668 | 1 818,668 |
| 11.Fixed asset Investments | ||
|---|---|---|
| Investment | ||
| rn | ||
| subsidiary | ||
| companies | ||
| Charity | ||
| Cost or valuation | 197,5?9 | |
| Capital Contribution | 50 000 | |
| At 31 December 2022 | 247,579 | |
| Net book value | ||
| At 31 December 2022 | . | 247,579 |
| At 31 December 2021 | 197,579 |
| 12.Stocks | ||||||
|---|---|---|---|---|---|---|
| Group | Group | |||||
| 2022 | 2021 | |||||
| Stock | 92,584 | ' | 132,675 | |||
| 92584 | 132,675 | |||||
| 13.Debtors | ||||||
| Group | Group | Charity | Charity | |||
| 2022 | 2021 | 2022 | 2021 | |||
| Due within one year | ||||||
| Trade debtors | 13,524 | 16,083 | ||||
| Other debtors | 1,615 | 1,628 | ||||
| Prepayments | and | 2,033 | ||||
| accrued income | ||||||
| 1555? | 1,628 |
| 14.Creditors | |||||
|---|---|---|---|---|---|
| Group | Group | Charity | Charity | ||
| 2022 | 2021 | 2022 | 2021 | ||
| F | |||||
| Due within one year | |||||
| Trade creditors | 73,197 | 47,549 | 1,735 | 1,560 | |
| Other taxation | and sociai security | 7,205 | 6,512 | ||
| Other creditors | 64,310 | 56,700 | 7,002 | 5,002 | |
| 144712 | 110,761 | 8737 | 6,562 | ||
| 15Statement | offunds | ||||
| Statement offunds —current year | |||||
| Balance | Balance at | ||||
| at 1 | 31 | ||||
| January | Transfers | December | |||
| 2022 | Income | Expenditure | in/out | 2022 | |
| Unrestricted | |||||
| funds | |||||
| General funds | 2,008,059 | 1,508,833 | (1,462,793) | 2,054,099 | |
| Total Funds | |||||
| 2 054,099 | |||||
| Statement offunds -prior year | |||||
| Balance | Balance | ||||
| at 1 | at 31 | ||||
| January | Transfers | December | |||
| 2021 | Income f |
Expenditure | in/out | 2021 | |
| Unrestricted | |||||
| funds | |||||
| General funds |
801,156 | (799,405) | 2,006,308 | 2,008,059 | |
| Restricted | |||||
| Funds | |||||
| Berkley Fund | 2,006,308 | (2,006,308) | |||
| Total Funds | |||||
| 2008308 | 801 156 | 799405 | 2008 059 |
| 16.Reconcili | ation o |
fnet | move | ment in fu |
nds to net cash flow | from operating activitie |
s |
|---|---|---|---|---|---|---|---|
| Group | Group | ||||||
| 2022 | 2021f | ||||||
| Net income for the year (as per | Statement | of Financial | |||||
| Activities) | 46,040 | 1,751 | |||||
| Adjustments | for: | ||||||
| Depreciation | charges | 46,308 | 182,268 | ||||
| Decrease/(increase) | in stocks | 39,821 | (132,675) | ||||
| Decrease/(increase) | in debtors | 2,141 | 46,547 | ||||
| increase/(decrease) | in creditors | 33,949 | 106,532 | ||||
| Net cash provided by operating |
activities | 168259 | 204,423 | ||||
| Group | Group | ||||||
| 2022 | 2021 | ||||||
| Cash in hand |
168,345 | 110,962 | |||||
| 168345 | 110962 | ||||||
| 19.Analysis | of changes | in net | debt | ||||
| At 1 | At 31 | ||||||
| January | December | ||||||
| 2022 | Cashfiows | 2022 | |||||
| f. | f. | ||||||
| Cash at bank | and in | hand | 110,962 | 57,383 | 168,345 | ||
| 110,962 | 57,383 | '168,345 |
| 2022 | 2021f | |||||
|---|---|---|---|---|---|---|
| Not | more | than | 1 | year | 13,580 | |
| 13,580 |