**Registered number: 03364165 Charity number: 1063842**
**Action for Borstal Community Project (A company limited by guarantee)**
**Unaudited**
**Trustees' report and financial statements for the year ended 31 March 2023**
**Action for Borstal Community Project**
## **(A company limited by guarantee)**
## **Contents**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7|
|**Notes to the financial statements**|8 - 16|
## **Action for Borstal Community Project**
## **(A company limited by guarantee)**
## **Reference and administrative details of the Charity, its Trustees and advisers for the year ended 31 March 2023**
|**Trustees**|S A Tranter, Chair|
|---|---|
||A G Kew|
||C McCann (resigned 15 March 2023)|
||E M McVeigh|
||Lisa Beckett (appointed 20 December 2022)|
||Leanne Beckett (appointed 20 December 2022)|
|**Company registered**
**number**
03364165
**Charity registered**
**number**
1063842
**Registered office**
13 & 14 Mercury Close
Borstal
Rochester
Kent
ME1 3AT
**Accountants**
Kreston Reeves LLP
Chartered Accountants
Montague Place, Quayside
Chatham Maritime, Chatham
Kent, ME4 4QU
**Bankers**
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
**Independent Examiner**
Susan Robinson BA FCA FCIE DChA
Kreston Reeves LLP
Chartered Accountants
Montague Place, Quayside
Chatham Maritime, Chatham
Kent, ME4 4QU||
Page 1
## **Action for Borstal Community Project**
## **(A company limited by guarantee)**
## **Trustees' report for the year ended 31 March 2023**
The Trustees present their annual report together with the financial statements of the Charity for the year from 1 April 2022 to 31 March 2023. The Annual report serves the purposes of both a Trustees' report and a Directors' report under company law. The Trustees confirm that the Annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
The objects of the Charity are the advancement of education, the preservation and protection of health, the relief of poverty, sickness and distress and the provision of support for the benefit of local children, parents and other residents of Borstal and Rochester, Kent.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)' when reviewing the Charity's aims and objectives and in planning future activities for the year.
## **b. Volunteers**
The trustees volunteered according to their skills and time, helping with providing advice and some practical help on site, such as fitting/installing items and minor repairs.
## **Achievements and performance**
## **a. Results for the year**
The Charity has received income during the financial year of £108,774 (2022: £113,758), whilst incurring expenditure totalling to £115,730 (2022: £114,179). This led to total reserves decreasing from £23,699 to £16,743. Of this £12,311 (2022: £23,405) is the Charity's unrestricted reserves, with £4,432 (2022: £294) being held as restricted funds at the Balance sheet date.
## **b. Review of activities**
Various small events outside of normal working hours were arranged to improve engagement with parents and children.
The core income and expenditure is fairly reliable and predictable, so holding high reserves should not be necessary. However, the Trustees believe a comfortable level at the current time would be £40,000 – something the Charity is not quite achieving. It has been extremely difficult to increase income during the past year, but as 2023/24 progresses they hope to begin increasing the level of reserves up to £40,000, before embarking on any significant new additional expenditure. The Trustees continue to explore potential new sources of funding to improve reserves and help future developments.
The Trustees, staff and children are also very grateful to MHS homes for their ongoing maintenance of the building and external facilities.
Page 2
## **Action for Borstal Community Project**
## **(A company limited by guarantee)**
**Trustees' report (continued) for the year ended 31 March 2023**
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The Trustees have considered the level of reserves they need to hold to enable them to meet their charitable objectives. The Trustees are continually reviewing the services provided and the funding they are receiving.
The core income and expenditure is fairly reliable and predictable, so holding high reserves should not be necessary. However, the Trustees believe a comfortable level at the current time would be £40,000 – something the Charity is not quite achieving. It has been extremely difficult to increase income during the past year, but as 2022 progresses they hope to begin increasing the level of reserves up to £40,000, before embarking on any significant new additional expenditure. The Trustees continue to explore potential new sources of funding to improve reserves and help future developments.
## **Structure, governance and management**
## **a. Constitution**
Action for Borstal Community Project is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association dated 1 May 1997.
The Charity is constituted under a Memorandum of Association and is a registered charity, number 1063842.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co opted under the terms of the Articles of Association.
## **c. Enquiries**
Any enquiries concerning the Charity should be addressed to the principal office at 13 & 14 Mercury Close, Borstal, Rochester, Kent, ME1 3AT.
## **d. Financial risk management**
The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Plans for future periods**
The Trustees hope to secure further funding and build reserves to ensure the vital work of the project continues. This includes new grants and section 106 contributions from local developments.
Page 3
A¢tlon for Borstal Communlty Project
IA Company limit•d by guarantee)
Trustees. report lcontlnued)
for the year ended 31 March 2023
Inforniatlon on fundralslng practic•s
The Charity has not undertaken any signrficanl fvndraisiThJ acts'Mtie5 duflng the financial year h¢wver. the Pr
school held a few small events to help finance materials the children.
Statemont of Trust••$' r•sponslbllltlei
Thg Trustee8 l%tho are a180 the Directors of thé Charity for the purpcsos of eompany Lgw) are responsible lor
preparing the Trustees, report and the financial statements in accordance wth applicable law 8nd United
Kingdom Accountsng Standards (Unitsd .ngdcrf Generally Accepted Accounting Practscel.
Company law requires the Trustees lo prepare finanual stslemenls for each financial year. Under cornpany law,
the Trustees must nol approve the financial slalements unless they are satisfied that Ih8y give a true and fair
ew ol the stale ol affairs ol the Charity and of its Trncome and application of resourcos, including its income and
expendilure. for Ih8t 0. In preparing these financial statements, the Truslees are required to:
select suilable accounting F4)licies and then apply them con5islenUy.
observe the methods and prineS of the Charllies SORP IFRS 1021,.
make judgements and accounting esbmates Ihat are reasonable and pnJdenl;
stale whother appIlble UK Accounb"ng Standards IFRS 1021 have boen folbwed, subjoct lo any matgrial
departures disdosed and explained in the financial statements;
prepare the financlal ststemenls the wrwJ conwn basis unless il Is Inapproprlate to presume Ihal Ihe
Charity will continue in IKssin868.
The Trustees are responsible lor kgwng adequate actrntirj recryds that are suffiaenl lo show and explain
the Charitys transactions and disclose th reasonable a¢cuTacy at any Dme the financial position of Ihe Charity
and enable them lo ensure thal the financial slatements c(Mnpty wth the Companies Acl 2006. They are also
Tesponsible lor safeguarding the assets of the Charhty and h¢8 fly laking reasonable 51eps for Ihe Prevention
and deleclwi of fr8ud and olher irregulanb'es.
Approved by order of the m8mb8rs of the 8oard of Trustees and signed on their behaff by.
S A Tranter
Trustee
Dale..
Page 4
**Action for Borstal Community Project**
## **(A company limited by guarantee)**
## **Independent examiner's report**
## **for the year ended 31 March 2023**
## **Independent examiner's report to the Trustees of Action for Borstal Community Project ('the Charity')**
I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the Trustees of the Charity (and its Directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Susan Robinson
> Dated: 18 December 2023 BA FCA FCIE DChA
## **Kreston Reeves LLP**
Chartered Accountants Chatham Maritime Montague Place, Quayside Chatham Maritime, Chatham Kent, ME4 4QU
Page 5
## **Action for Borstal Community Project**
## **(A company limited by guarantee)**
## **Statement of financial activities (incorporating income and expenditure account) for the year ended 31 March 2023**
|**Note**
**Income from:**
Donations and legacies
4
Charitable activities
5
Investments
6
**Total income**
**Expenditure on:**
Charitable activities
7
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward as restated
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2023**
**£**
**4,338**
**-**
**-**
**4,338**
**200**
**200**
**4,138**
**294**
**4,138**
**4,432**|**Unrestricted**
**funds**
**2023**
**£**
**102,682**
**1,720**
**34**
**104,436**
**115,530**
**115,530**
**(11,094)**
**23,405**
**(11,094)**
**12,311**|**Total**
**funds**
**2023**
**£**
**107,020**
**1,720**
**34**
**108,774**
**115,730**
**115,730**
**(6,956)**
**23,699**
**(6,956)**
**16,743**|Total
funds
2022
£
107,487
6,271
-
113,758
114,179
114,179
(421)
24,120
(421)
23,699|
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 16 form part of these financial statements.
Page 6
Actlon for Borstal Cornmunlty Prolect
IA company limited by guarantee)
Reg15tered number: 03364165
Balance sh••t
85 at 31 March 2023
2023
2022
Not•
Flx8d ass¥t¥
Tangible asse15
Currtnt assets
10
1,142
1,242
Debiors
Cash at bank and In hand
1,043
26,942
17,132
17,161
27,985
Creditors". amounts falling due wllhin one
year
12
(1,560)
15,5281
Ngt current a$tI
IS,801
22,457
Total n•t ••s•ts
16.743
23,699
Charlty tund•
Reslricled funds
Unrestricted funds
13
13
4,432
12,311
23,405
Total funds
16,743
23,699
The Charity was entitled to exempuon audit under section 477 of the Companies Act 2006.
The members have not required the company to oblain an audit for the 81 in queStn in 8ccrydance th
section 476 of Companies Ad 20L.
The Trustees acknovledge their reswnsibililies for compl"n9 wlh the requirements of the Act wilh respect to
accounb.ng reccrfds and pieparati¢ ol financial statements.
The financial slatements have bèen wepar0d in accdance Ihe prov15iCrf¢S OPFAicable to entities subject lo
the small companies regime.
The finan¢lal stslements were approved and authorised fcff issue by the Truste68 and signgd their behaff by..
S A Tranter
Trustee
Date-.
The notes on pages 8 to 16 fomi part of these finanual statements.
Page 7
**Action for Borstal Community Project**
## **(A company limited by guarantee)**
**Notes to the financial statements for the year ended 31 March 2023**
## **1. General information**
Action for Borstal is a company limited by guarantee and is incorporated in England & Wales with the registration number 03364165. The address of the registered office is 13 & 14 Mercury Close, Borstal, Rochester, Kent, ME1 3AT.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Action for Borstal Community Project meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling, which is the functional currency of the Charity and rounded to the nearest £.
## **2.2 Going concern**
The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Page 8
**Action for Borstal Community Project**
## **(A company limited by guarantee)**
**Notes to the financial statements for the year ended 31 March 2023**
## **2. Accounting policies (continued)**
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.6 Taxation**
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **2.7 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Office equipment
- 20% straight line
## **2.8 Debtors**
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
## **2.9 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 9
**Action for Borstal Community Project**
## **(A company limited by guarantee)**
**Notes to the financial statements for the year ended 31 March 2023**
## **2. Accounting policies (continued)**
## **2.10 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.11 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **2.12 Pensions**
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
## **2.13 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Critical accounting estimates and areas of judgement**
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity does not currently have any significant accounting estimates or areas of judgement.
Page 10
**Action for Borstal Community Project**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **4. Income from donations and legacies**
|Donations
Government grants
Total 2022|**Restricted**
**funds**
**2023**
**£**
4,338
-
4,338
4,587|**Unrestricted**
**funds**
**2023**
**£**
25,651
77,031
102,682
102,900|**Total**
**funds**
**2023**
**£**
**29,989**
**77,031**
**107,020**
107,487|Total
funds
2022
£
26,342
81,145
107,487|
|---|---|---|---|---|
||||||
## **5. Income from charitable activities**
|Fees receivable
Total 2022|**Unrestricted**
**funds**
**2023**
**£**
1,720
6,271|**Total**
**funds**
**2023**
**£**
**1,720**
6,271|Total
funds
2022
£
6,271|
|---|---|---|---|
|||||
**6. Investment income**
||**Unrestricted**|**Total**|Total|
|---|---|---|---|
||**funds**|**funds**|funds|
||**2023**|**2023**|2022|
||**£**|**£**|£|
|Bank interest receivable|34|**34**|-|
Page 11
**Action for Borstal Community Project**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **7. Analysis of expenditure by activities**
|Charitable activities
Total 2022 as restated|**Direct**
**costs**
**2023**
**£**
100,897
110,535|**Support**
**costs**
**2023**
**£**
14,833
3,644|**Total**
**funds**
**2023**
**£**
**115,730**
114,179|Total
funds
2022
£
114,179|
|---|---|---|---|---|
||||||
## **Analysis of direct costs**
|Staff costs
Depreciation
Rent and rates
Heat and light
Telephone and internet
Insurances
Bank charges
Sundry expenses
Equipment
Decorating costs|**Total**
**funds**
**2023**
**£**
**71,659**
**420**
**20,733**
**2,218**
**782**
**672**
**72**
**3,885**
**256**
**200**
**100,897**|As restated
Total
funds
2022
£
76,254
356
20,710
1,439
1,089
661
96
3,859
989
5,082
110,535|
|---|---|---|
Page 12
**Action for Borstal Community Project (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs (continued)**
The decorating costs of £200 (2022: £5,082) relate to restricted expenditure in the year. All remaining direct costs expenditure in 2023 are from unrestricted funds.
## **Analysis of support costs**
|Independent examiner's fees
Payroll fees
Consultancy fees
Professional support costs|**Total**
**funds**
**2023**
**£**
**1,560**
**660**
**9,260**
**3,353**
**14,833**|As restated
Total
funds
2022
£
1,002
216
-
2,426
3,644|
|---|---|---|
All of the support costs, in both 2022 and 2023, were from unrestricted funds.
## **8. Staff costs**
|Wages and salaries
Social security costs
Pension costs|**2023**
**£**
**71,512**
**-**
**147**
**71,659**|2022
£
75,286
655
313|
|---|---|---|
|||76,254|
The average number of persons employed by the Charity during the year was as follows:
|**2023**|2022|
|---|---|
|**No.**|No.|
|**8**|10|
No employee received remuneration amounting to more than £60,000 in either year.
Total remuneration and benefits received by key management personnel, including employer's national insurance contributions, amounted to £14,610 (2022: £8,142), of this £9,260 was paid to Faith Rivers, in her role as a consultant. This is set out in note 7 to the financial statements.
Page 13
**Action for Borstal Community Project (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **9. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).
||During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).|During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).|During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).|During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).||
|---|---|---|---|---|---|
|**10.**|**Tangible fixed assets**|||||
|||||**Office**||
|||||**equipment**||
|||||**£**||
||**Cost or valuation**|||||
||At 1 April 2022|||**14,261**||
||Additions|||**320**||
||At 31 March 2023|||**14,581**||
||**Depreciation**|||||
||At 1 April 2022|||**13,019**||
||Charge for the year|||**420**||
||At 31 March 2023|||**13,439**||
||**Net book value**|||||
||At 31 March 2023|||**1,142**||
||At 31 March 2022|||1,242||
|**11.**|**Debtors**|||||
|||**2023**||2022||
|||**£**||£||
||**Due within one year**|||||
||Other debtors|**29**||543||
||Prepayments and accrued income|**-**||500||
|||**29**||1,043||
|**12.**|**Creditors: Amounts falling due within one year**|||||
|||**2023**||2022||
|||**£**||£||
||Accruals and deferred income|**1,560**||5,528||
Page 14
**Action for Borstal Community Project**
## **(A company limited by guarantee)**
**Notes to the financial statements for the year ended 31 March 2023**
## **13. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General funds
**Restricted funds**
Pre-school decorating fund
**Total of funds**|**Balance at 1**
**April 2022**
**£**
**23,405**
**294**
**23,699**|**Income**
**£**
**104,436**
**4,338**
**108,774**|**Expenditure**
**£**
**(115,530)**
**(200)**
**(115,730)**|**Balance at**
**31 March**
**2023**
**£**
**12,311**|
|---|---|---|---|---|
|||||**4,432**|
|||||**16,743**|
## **Restricted funds**
Pre-school decorating fund - this funding was received from the Co-op to enable the Charity to undertake redecoration and renovation works at the Pre-school.
## **Statement of funds - prior year**
|**Unrestricted funds**
General funds
**Restricted funds**
Pre-school decorating fund
**Total of funds**|Balance at
1 April 2021
£
24,120
-
24,120|Income
£
109,171
4,587
113,758|Expenditure
£
(109,097)
(5,082)
(114,179)|Transfers
in/out
£
(789)
789
-|Balance at
31 March
2022
£
23,405|
|---|---|---|---|---|---|
||||||294|
||||||23,699|
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**Action for Borstal Community Project**
**(A company limited by guarantee)**
**Notes to the financial statements for the year ended 31 March 2023**
## **14. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2023**
**£**
-
4,432
-
4,432|**Unrestricted**
**funds**
**2023**
**£**
1,142
12,729
(1,560)
12,311|**Total**
**funds**
**2023**
**£**
**1,142**
**17,161**
**(1,560)**
**16,743**|
|---|---|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|Restricted
funds
2022
£
-
4,723
(4,429)
294|Unrestricted
funds
2022
£
1,242
23,262
(1,099)
23,405|Total
funds
2022
£
1,242
27,985
(5,528)
23,699|
|---|---|---|---|
## **15. Pension commitments**
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £147 (2022 - £313). There are no amounts outstanding at the Balance sheet date (2022 - £Nil).
## **16. Members' liability**
Each member of the Charity undertakes to contribute to the assets of the Charity in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.
## **17. Related party transactions**
The Charity has not entered into any related party transactions during the financial year (2022: £Nil) and there are no amounts outstanding with any related parties at the Balance sheet date (2022: £Nil).
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