2022-10-31-accounts - Erasmus Darwin Foundation

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THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ELYDED 31 OCTOBER 2022 Company number: 3270753 Charity. number 1063S28 Page I

CONTENTS
			Page
Council ofManagement's		report	3-8
Accountants report
Statement offinancial	activities		10
Balance Sheet			11-12
Statement ofCash Flow			13
Notes to the accounts			14 —24

Secretary	Secretary		N Paunch
Charity	number		1063528
Company		number	3270753
Principal		address
and registered office			Erasmus Darwin House
			Beacon Street
			Lichfield
			Staffordshire	WS13 7AD
Accountants			Mortimer, Beck&Brookes
			8Bore Street
			Lichfield
			Staffordshire	WS13 6LL
Bankers			Nat West PLC
			Market Street
			Lichfield
			Stafford slure
Solicitors			Ansons LLP
			StMarys Chambers
			5 Breadmarket	Street
			Lichfield
			Staffordshire	WS13 6LQ

For the year ended	31 October	2021
				2022	2022	2022	2021
		Notes			K	8
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
~tncom					(note 15)
Donations and grants			2	18,688	21,119	39,807	63,177
Charitable activities			3	43,988		43,988	27,483
Investment income			4	77		77	6
Total incoming resources				62,753	21,119	83,872	90,666
~E* di
Costs ofgenerating	voluntary
income			6	9,019		9,019	8,791
Direct charitable expenditure			6	9,576	3,371	12,947	15,036
Fundraising costs			6	0		0	40
Management &administration			6	56,530	7,685	64,215	55,984
Total resources expended				75,125	11,056	86,181	79,851
Net movement in funds			5	(12,372)	10,063	(2,309)	10,815
Reconciliation offunds:
Total funds brought	forward			94,731	15,665	110,396	99,581
Total funds carried	forward		9	82,359	25,728	108,087	110,396
The net inovement	in funds is	stated	after	charging
Depreciation				180	2,999	3,179	5,661

		Notes		2022		2021
Fixed assets
Tangible assets		10		346		3,525
Current assets
Stocks			1,950		1,950
Debtors		11	13,196		8,377
Cash at bank and in hand			93,069		96,794
			108,215		107,121
Creditors: amounts	falling due within
one year		12	(474)		(250)
Net current assets				107,741		106,$71
Net assets				108,087		110,396
Unrestricted funds
General funds				82,359		94,731
Restricted funds				25,728		15,665
				108,087		1]0496

STATEMENT OF CASH FL	STATEMENT OF CASH FL	OW
Year ended 31 October 2022
				Notes	2022	2021
Cash (out)/in flow from operating			activities	13	(3,802)	10,301
Net cash flow from operating		activities			(3,802)	10,301
Cash flow from investing	activities
Interest received					77
Net cash flow from investing		activities			77
Net (decrease)/i ncrease
in cash and cash equivalents					(3,725)	10,307
Cash and cash equivalents	brought		forward		96,794	86,487
Cash and cash equivalents	carried		forward		93,069	96,794
Cash and cash equivalents	consist		of:
Cash at bank and in hand					93,069	96,794
Cash and cash equivalents	at	31 October 2022			93,069	96,794

		2022	2022	2022	2021
		f
		Unrestricted	ltestrtcted
		Funds	Funds	Total	Total
2 Income	from Donations and legacies
Grants Emergency grants Local Authorities Donations		1,500 4,000 1,500 11,688 18,688	20,069 1,050 21,119	21,569 4,000 1,500 12,738 39,807	2,500 35,314 1,500 23,863 63,177

3 Income from Charitable	Activities
Admissions Books guides and souvenirs Contract lettings and weddings Other income Events and catering		21,372 4,337 11,993 855 5,431 43,988	21,372 4,337 11,993 855 5,431 43,988	9,039 2,683 7,347 3,239 5,175 27,483

5 Total	r	esources expended
					2022	2021
			Unrestricted	Restricted
			Fundsf	funds	Total	Total
Costs ofGenerating
Voluntary	Income
Salaries			9,019		9,019	8,791
Direct Charitable
Expenditure
Direct costs		ofsale	4,274		4,274	4,624
Repairs and		maintenance	4,536	372	4,908	4,287
Cleaning			586		586	464
Depreciation			180	2,999	3,179	5,661
			9,576	39371	12,947	15,036
Fundraising		costs
Advertising						40

6 Total re	sourc
				2022	2021
		Unrestricted	Restricted
		Funds	funds	Total	Total
Management	and Administration
Salaries Pension		18,038 421	1,910	19,948 421	17,581 366
Project Management Rent Rates		23,320 567	5,775	5,775 23,320 567	21,986 554
Heat, light and water Postage Stationery and IT Telephone Bank charges		5,939 2,740 540 268		5,939 2,740 540 268	5,808 1,038 2,471 153
Subscriptions		349		349	277
Insurance		4,348		4,348	5,750
		56,530	7,685	64,215	55,984

8 Staff costs and n	umbers
Number ofemployees
The average monthly	number ofemployees	during the period was:
			2022	2021
			Number	Number

Management
Administration	and	support

9 Analysis ofnet assets between funds
	General	Restricted	Total
Tangible fixed assets	346		346
Current assets	82,487	25,728	108,215
Current liabilities	(474)		(474)
Net assets at 31 October 2022	82459	25,728	108,087

10 Tangible f	ixed assets
			Fixtures,
			fittings ter
			equipment
			2022
Cost
At 1November	2021		224,761
At 31 October	2022		224,761
Depreciation
At 1November	2021		221,236
Charge for the At 31 October	period 2022		3,179 224,415
Net book value
At 31October	2022		346
At 31October	2021		3,525
11 Debtors
		2022	2021
Trade debtors		13,196	5,692
Other debtors			2,685
		13,196	8,377

					2022	2021
					f
12 Creditors: amounts		falling due within	one year
Trade creditors					474	250
13 Reconciliation	of	net income to net cash flow from operating		activities

13 Reconciliation	ofnet in	come t	o ne	t cash flow from operatin	g activities
					2022	2021
Net (deficit)/income	for year				(2,309)	10,815
Interest received					(77)	(6)
Depreciation and impairment		oftangible		fixed assets	3,179	5,661
Decrease in stocks						1,550
Decrease/(Increase)	in debtors				(4,819)	(883)
Increase/(Decrease)/	in creditors				224	(6,836)
Net cash (out)/inflow	from operating		activities		(3,802)	10,301

		Balance	Income	Expenditure	Balance
		1.11.2021			31.10.2022
					6
Young Roots Project		7,091	11,000	(7,685)	10,406
Surgery and inventions refurbishment Garden Staircase refurbishment Education Boiler	room	2,999 575 5,000 15,665	1,050 3,350 5,719 21,119	(2,999) (72) (300) (11,056)	1,553 4,700 3,350 5,719 25&728

		Balance 1.11.2020 6	Income f,	Expenditure	Balance 31.10.2021 6
Young Roots Project		7,091			7,091
Surgery and inventions refurbishment Garden Staircase refurbishment	room	8,398 486 5,000 20,975	1,000 1,000	(5,399) (911) (6410)	2,999 575 5,000 15,665

Total minimum lease payments under non - cancellable operati	ng leases are as follows:
	2022	2021
Within one year Later than one and not late'r than five years	24,018 10,215	23,273 34,233