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|
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|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|
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|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|
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|||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|
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|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|
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|||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|
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|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|
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|6
Total re|sourc|es expended|||||
|---|---|---|---|---|---|---|
||||||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|
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|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|
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|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|
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|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|
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||||||2022|2021|
|---|---|---|---|---|---|---|
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|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|
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|||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|
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