| CONTENTS | |
|---|---|
| Page | |
| Legal and administrative information | 1-2 |
| Trustees' Report | 3-7 |
| IndependentExaminers' Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Accounts | 11-18 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Note | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | ||
| Income and endowments from: |
|||||
| Donations and grants | © | 60,763 | 60,763 | 83,269 | |
| Income from investments | + | 0 | 0 | 11 | |
| Total income | 60,763 | 60,763 | 83,280 | ||
| Expenditureon: Raising funds |
5 | 4,800 | 4,800 | 10,071 | |
| Charitable activities | 6 | 61,978 | 61,978 | 73,312 | |
| Total resources expended |
66,778 | 66,778 | 83,383 | ||
| resources before transfers Net incoming/(outgoing) |
(6,015 | (6,015) | (103) | ||
| Gross transfers between funds | |||||
| Net movement in funds |
(6,015 | (6,015) | (103) | ||
| Reconciliation of funds: | |||||
| Total funds brought forward | 7,478 | 2,250 | 9,728 | 9,831 | |
| Total funds carried forward | 1,463 | 2,250 | 3,713 | 9,728 |
| THE CHALLENGER TRUST | THE CHALLENGER TRUST | ||||||
|---|---|---|---|---|---|---|---|
| BALANCE SHEET | |||||||
| As at 30 September2022 | |||||||
| Note | 2022 | 2021 | |||||
| £ | £ | £ | |||||
| CURRENT ASSETS | |||||||
| Debtors | 11 | 5,000 | 2,518 | ||||
| Cash at bank and in hand | 4,747 | 15,970 | |||||
| 9,747 | 18,488 | ||||||
| within one period CREDITORS: amounts falling due 12 |
(6,034) | (8,760) | |||||
| Net current assets | 3,713 | 9,728 | |||||
| Total assets less current liabilities | 3,713 | 9,728 | |||||
| FUND BALANCES | |||||||
| Restricted | 13 | 2,250 | 2,250 | ||||
| Unrestricted | 1,463 | 7,478 | |||||
| 3,713 | 9,728 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Donations | & | Gifts | (incl. | Gift | Aid) | 60,763 | 33,269 |
| Grants | 50,000 | ||||||
| 60,763 | 83,269 |
| 4 | Investments | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | |||
| Interest receivable | 11 | ||
| 5 | Raising funds | ||
| 2022 | 2021 | ||
| £ | |||
| Professional fundraising | 4,800 | 10,071 | |
| 4,800 | 10,071 |
| Analysisof expendi | tureon charitable | activities | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Support | Restricted | Total | Total | ||
| Expenditure | Costs | Charitable | 2022 | 2021 | ||
| Activities | ||||||
| £ | £ | £ | £ | |||
| Programme Costs | 36,000 | 36,000 | 65,400 | |||
| Consultancy | 600 | 600 | ||||
| 36,600 | 36,600 | 65,400 | ||||
| Grant funding of activities | 20,000 | 20,000 | ||||
| (See note 7) | ||||||
| Share of support costs | 4,658 | 4,658 | 7,192 | |||
| (See note 8) | ||||||
| Share of governance costs | 720 | 720 | 720 | |||
| (See note 9) | ||||||
| 57,320 | 4,658 | 61,978 | 73,312 | |||
| Analysis by fund | ||||||
| Unrestricted funds | 57,320 | 4,658 | 61,978 | 73,312 | ||
| Restricted funds | ||||||
| 57,320 | 4,658 | 61,978 | 73,312 |
| Support costs | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Administrative costs | ||
| Professional fees | 3,013 | 2,160 |
| Insurance | 1,205 | 743 |
| Bank charges | 126 | 80 |
| Dispute Settlement | 3,034 | |
| Website & IT costs | 314 | 1,100 |
| Subscriptions | 75 | |
| 4,658 | 7,192 | |
| Analysed between: | ||
| Fundraising | ||
| Charitable Activities | 4,658 | 7,192 |
| 4,658 | 7,192 |
| 9 | Governance | costs | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Independentexaminer fee | 720 | 720 | ||
| 720 | 720 | |||
| Analysed between: | ||||
| Fundraising | ||||
| Charitable Activities | 720 | 720 | ||
| 720 | 720 |
| The average monthly number employees du | ring the period was: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| No. | No. | ||
| 0 | 0 | ||
| Employmentcosts | 2022 £ |
2021 £ |
|
| Wages and salaries | |||
| 11 | Debtors | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Gift Aid debtor | 5,000 | 2,518 |
| Creditors | amounts falling | due within one period |
|
|---|---|---|---|
| 2022 | 2021 | ||
| £ | |||
| Accruals | 1,034 | 8,760 | |
| Loan | 5,000 | ||
| 6,034 | 8,760 |
| Balance | Balance | ||||||
|---|---|---|---|---|---|---|---|
| 1 April | Incoming | Resources | Investment | 30 Sept | |||
| 2021 | Transfers | Resources | Expended | Profits | 2022 | ||
| £ | £ | £ | £ | £ | £ | ||
| Ernest | Cook | 2,250 | 2,250 | ||||
| 2,250 | 2,250 |