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|YEAR|ENDED 31 MARCH 2023||
|---|---|---|
|CONTENTS||PAGES|
|Legal and administrative
details|||
|Trustees annual
report||2to 5|
|Independent
auditor's
report to the members||6tog|
|Statement ofFinancial Activities||10|
|Statement ofFinancial
Position|||
|Statement ofCash Flows||12|
|Notes to the financial statements||13to 21|
|The following
pages do not form part ofthe financial statements|||
|Detailed
income and expenditure|account|23to 24|
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|Charity number|Charity number||1062281|||||
|---|---|---|---|---|---|---|---|
|Company|registration|number|3344871|||||
|The board ofmanagement
and trustees|||A Singleton|—Resigned 29s September 2022||||
||||C Saxby
SJackson|—Resigned||29'" September 2022||
||||M Best|||||
||||D Pittard|||||
||||N Sale|||||
||||R Campbell||-Smith —Appointed||17eJanuary 2023|
||||KDawson|—Appointed||17sJanuary 2023||
|Company|secretary||S Frackiewicz- Resigned 29"||||September 2022|
|Registered|office||Henhayes|||||
||||South Street|||||
||||Crewkerne|||||
||||Somerset|||||
||||TA18 7LZ|||||
|Auditor|||Chalmers
&||Co (SW)|Limited||
||||Chartered|Accountants||||
||||& Statutory|Auditor||||
||||Trading as|Chalmers||&Co.||
||||6The Linen||Yard|||
||||South Street|||||
||||Crewkeme|||||
||||Somerset|||||
||||TA188AB|||||
|Bankers|||Lloyds Bank||PLC|||
||||37 Market|Square||||
||||Crewke
me|||||
||||Somerset|||||
|Solicitors|||BPLSolicitors Ltd|||||
||||1st Floor|||||
||||Mansion
House|||||
||||Princes Street|||||
||||Yeovil|||||
||||Somerset|||||
||||BA20 1EP|||||
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|||||Total||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Funds|Total Funds|
|||Funds|Funds|2023|2022|
||Note|g|g|||
|INCOMING RESOURCES||||||
|Incoming resources from generated||||||
|funds||||||
|Trading Activities|15|711,775||711,775|555,854|
|Investment
income|15|629||629|28|
|Other incoming resources|15|500||500|89,671|
|TOTAL INCOMING RESOURCES||712,904||712,904|645,553|
|RESOURCES EXPENDED||||||
|Cost ofTrading Activities|16|630,956||630,596|543,017|
|Other resources expended|16|41,699||41,699|36,039|
|Governance
costs|16|9,101||9,101|8,602|
|TOTALRESOURCES EXPENDED||681,756||681,756|587,658|
|NET INCOMING RESOURCES||||||
|Reconciliation offunds||31,148||31,148|57,895|
|Balance brought
forward at I April 2022||598,565||598,565|540,670|
|Balance carried forward at 31March 2023||629,713||629,713|598,565|
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|||2023||2022|
|---|---|---|---|---|
||Note||||
|FIXEDASSETS|||||
|Tangible assets|||106,059|100,492|
|CURRENT ASSETS|||||
|Stocks||11,578||14,612|
|Debtors|7|176,174||202,774|
|Cash at bank and in hand|8|365897||328,018|
|||553,149||545,404|
|CREDITORS: Amounts|falling due within one||||
|year|0|29,495||47,331|
|NET CURRENT ASSETS|||523,654|498,073|
|TOTAL ASSETSLESS|CURRENT LIABILITIES||629,713|598,565|
|FUNDS|||||
|Restricted|||||
|Unrestricted|||629,713|598,565|
|MEMBERS' FUNDS|||629,713|598,565|
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|||||2023|2022|
|---|---|---|---|---|---|
|||Note||||
|CASH FLOWS FROM OPERATING ACTIVITIES||||||
|Net income||||31,148|57,895|
|Adjustments for:||||||
|Depreciation oftangible fixed assets||||27237|21,346|
|Net losses on fixed assets||||290|1,477|
|Changes in:||||||
|Stocks||||3,034|(577)|
|Trade and other debtors||||26,600|21,719|
|Trade and other creditors||||(17,836)|18,687|
|Cash generated
from operations||||70,473|120,547|
|Net cash from operating
activities||||70,473|120,547|
|CASH FLOWS FROM INVESTING ACTIVITIES||||||
|Purchase oftangible assets||||(33,094)|(7,104)|
|Disposal oftangible assets||||||
|Net cash used in investing|activities|||(33,094)|(7,104)|
|CASH FLOWS FROM FINANCING ACTIVITIES||||||
|Proceeds from borrowings||||||
|Net cash used in financing|activities|||||
|Net increase in cash and|cash equivalents|||37,379|(113,443)|
|Cash and cash equivalents|at beginning ofyear|||328,018|214,575|
|Cash and cash equivalents|at end ofyear||8|365,397|328,018|
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|||2023|2022|
|---|---|---|---|
|||5||
|Depreciation ofowned fixed assets||27,237|21,346|
|Loss on|disposal offixed assets|290|1,477|
|Auditor's|fees —audit|4,236|4,100|
|Auditor's|fees —other services|1,224|870|
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|TANGIBLE ASSETS||||
|---|---|---|---|
||Leasehold|Plant &||
||Property
f|Machinery|Total|
|COST||||
|At 1 April 2022
Additions|115,6]5|129,268
33,094|244,883
33,094|
|Disposals||(3,712)|(3,712)|
|At 31March 2023|115,615|158,650|274,265|
|DEPRECIATION||||
|At 1 April 2022
Charge for the year|42,781
12,119|101,610
15,118|144,391
27,237|
|On disposals||(3,422)|(3,422)|
|At31March 2023|54,900|113,306|168,206|
|NET BOOK VALUE||||
|At 31March 2023|60,715|45844|106,059|
|At 31March 2022|72,834|27,658|100,492|
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|DEBTORS||||
|---|---|---|---|
|||2023|2022|
|Trade debtors||3,135|4,750|
|Prepayments|and accrued income|173,039|198,024|
|||176,174|202,774|
|||||2023|2022|
|---|---|---|---|---|---|
|||||f||
|Prepayments|and|accrued|income|139,342|159,248|
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||||2023|2022|
|---|---|---|---|---|
||||8||
||Cash at bank and in hand||365,397|328,018|
|9.|CREDITORS: Amounts|falling due within one year|||
||||2023|2022|
||Trade creditors||846|10,832|
||PAYE tk NIC||3,950|5,150|
||Accruals and deferred income||24,699|31,349|
||||29,495|47,331|
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|March 2
t below.|023 the charity had aggregate
commitments
und|er non-cancellable
operating|leases a|
|---|---|---|---|
|||2023|2022|
|Operating|leases which expire:|||
|Later than|1 year and not later than 5 years|92,730||
|After 5 years||8,400|9,600|
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|ANALYSIS|OFNET ASSETS|(between restricted and u|nrestricted
funds)||
|---|---|---|---|---|
|||Tangible|||
|||fixed assets|Other net assets|Total|
|||g|g||
|Unrestricted|Funds|106,059|523,654|629,713|
|Restricted funds|||||
|||106,059|523,654|629,713|
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|14.|STAFF COSTS|||
|---|---|---|---|
|||2023|2022|
||Wages and salaries
Social security costs
Pension costs|318,061
20,786
4,773|306,039
17,945
4,686|
|||343,620|328,670|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|2023|2022|
|||||||f|
|Income from Trading||Activities|||||
|Admission|fees and sundry sales||490,663||490,663|362,736|
|Direct debit|membership|fees|221,112||221,112|]93,118|
||||711,775||771,775|558,854|
|Investment|income||||||
|Bank interest receivable|||629||629|28|
|Other incoming resources|||||||
|Membership|fees||500||500|504|
|Grants receivable||||||89,167|
||||500||500|89,671|
||||712,904||712,904|645,553|
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|RESOURCES EXPEN|D|ED|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||Funds|Funds|2023|2022|
||||||8||
|Cost oftrading activities|||||||
|Purchases|||33,011||33,011|28,434|
|Studio classes|||25349||25/49|22,931|
|Grants paid to Crewkerne
Light, heat and power
Water rates||Town Council|19,906
59451
23,082||19,906
59/51
23,082|19,906
54,390
14,064|
|Rent|||1,200||1,200||
|Direct wages and NIC|||338,847||338,847|323,984|
|Pension Contributions|||4,773||4,773|4,686|
|Hire ofplant and machinery
Insurance
Repairs and maintenance
Equipment
renewals
Staff training
Staff uniforms
Subscriptions
Travel and subsistence
Advertising|||54,298
8,945
36,751
3,719
4378
1,543
10,416
303
5,184||54,298
8,945
36,751
3,719
4478
1,543
10,416
303
5,184|1,720
7,067
34,756
2,578
12,944
1,031
13,083
252
1,191|
||||630,956||630,956|543,017|
|Other resources expended|||||||
|Telephone|||2,627||2,627|2,754|
|Stationery,
printing
and
Canteen costs|postage||4,945||4,945|5,221
327|
|Sundry expenses
Legal and professional
Accountancy
fees|costs||647
4,910
1,043||647
4,910
1,043|959
2,498
1,457|
|Depreciation|||27%7||27j237|21,346|
|Loss on disposal ofassets|||290||290|1,477|
||||41,699||41,699|36,039|
|Governance
costs|||||||
|Auditors
Fees|||5,460||5,460|4,970|
|Bank charges|||3,641||3,641|3,632|
||||9,101||9,101|8,602|
||||681,756||681,756|587,658|