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|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|





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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
||Note|Funds|Funds|2022|2021|
|||£|£|£|£|
|Income<br>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:<br>Raising funds|5|4,800||4,800|10,071|
|Charitable activities|6|61,978||61,978|73,312|
|Total resources<br>expended||66,778||66,778|83,383|
|resources<br>before transfers<br>Net incoming/(outgoing)||(6,015||(6,015)|(103)|
|Gross transfers between funds||||||
|Net movement<br>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<br>CREDITORS: amounts falling due<br>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|



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|||||||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|





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|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|



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|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|





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||The average monthly number employees du|ring the period was:||
|---|---|---|---|
|||2022|2021|
|||No.|No.|
|||0|0|
||Employmentcosts|2022<br>£|2021<br>£|
||Wages and salaries|||
|11|Debtors|||
|||2022|2021|
|||£|£|
||Gift Aid debtor|5,000|2,518|





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|Creditors|amounts falling|due within<br>one period||
|---|---|---|---|
|||2022|2021|
|||£||
|Accruals||1,034|8,760|
|Loan||5,000||
|||6,034|8,760|



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|||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|



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