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2023-03-31-accounts

Page
Trustees'
annual
report (incorporating
the		 director's report)
Independent
examiner's
report		 to the trustees
Statement offinancial activities (including income and expenditure
account)
Statement offinancial position
Notes to the financial statements 10
The following
pages		 do not form part ofthe financial statements
Detailed statement
offinancial		 activities
Notes to the detailed statement of financial activities 21

Reference and administrative and administrative and administrative and administrative details
Registered charity name Life Education Wessex
Charity registration number 1071094
Company registration number 03585850
Principal office and registered 47 Boutport Street
office Bamstaple
Devon
EX31 1SQ
The trustees
Mr G Hepburn (Chairman)
Mrs STGoble (Retired 16December 2022)
Mrs T Drabble
Mrs R F Hedger
Ms J Swift
Mr K Millman
Ms P Dyke
Mr A Lovell
Mr L Christiansen
Ms JWalker
Mr P Harrison
Company secretary Mr P Petrides
Independent examiner Mrs M French FCCA

Y ear end ed 31 March 2023
2023 2022
Unrestricted Restricted
funds funds Total funds Total funds
Note f E 6 6
Income and endowments
Donations
and legacies		 5 153,782 153,782 116,770
Charitable
activities		 6 279,715 279,715 267,471
Other trading
activities		 7 63,137 63,137 44,739
Investment
income		 8 848 848 229
Other income 9 696 696 33,338
Total income 498,178 498,178 462,547
Expenditure
Expenditure
on raising funds:
Costs ofraising donations and
legacies 10 81,393 81,393 90,529
Expenditure
on charitable		 activities 11,12 319,265 1,000 320,265 293,488
Total expenditure 400,658 1,000 401,658 384,017
Net income and net movement in funds 97,520 (1,000l 96,520 78,530
Reconciliation
offunds
Total funds brought forward 427,919 1,000 428,919 350,389
Total funds carried forward 525,439 525,439 428,919

2023 2022
Note 8 5
Fixed assets
Tangible fixed assets 17 16,426 3,943
Current assets
Stocks 18 674 593
Debtors 19 41,078 36,008
Cash at bank and in hand 498,954 408,027
540,706 444,628
Creditors: amounts falling due within one year 20 31,693 19,652
Net current assets 509,013 424,976
Total assets less current liabilities 525,439 428,919
Net assets 525,439 428,919
Funds ofthe charity
Restricted funds 21 1,000
Unrestricted
funds		 525,439 427,919
Total charity funds 22 525,439 428,919

Unrestricted Restricted Total Funds
Funds
f		 Funds
f		 2023
f
Donations
Donations 37,450 37,450
Grants
Grants receivable 116,332 116,332
153,782 153,782
Unrestricted Restricted Total Funds
Funds Funds
f.		 2022
f
Donations
Donations 33,763 33,763
Grants
Grants receivable 82,007 1,000 83,007
115,770 1,000 116,770
6. Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
f		 2023
f		 Funds 2022
School based programmes 279,715 279,715 267,471 267,471
7. Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
f		 2023
f		 Funds
f.		 2022
f
Fundraising events 63,137 63,137 44,739 44,739
8. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
f		 2023
f		 Funds
f		 2022
f
Bank interest receivable 848 848 229 229

Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
E f
Gain ofdisposal of tangible assets (40) (40) 10,132 10,132
Other income 736 736 23,206 23,206
696 696 33,338 33,338
Costs ofraising donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
f
Costs ofgenerating income 81,393 81„393 90,529 90,529
Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds
E		 Funds
f.		 2023
f
School based programmes 287,150 1,000 288,150
Support costs 32,115 32,115
319,265 1,000 320,265
Unrestricted Restricted Total Funds
Funds Funds 2022
f E
School based programmes 262,712 2,205 264,917
Support costs 28,571 28,571
291,283 2,205 293,488

Activities
undertaken Total funds Total fund
directly
E		 Support costs
f		 2023
f		 2022
E
School based progrsmmes 288,150 288,150 264,917
Governance costs 32,115 32,115 28,571
288,150 32,115 320,265 293,488

13. Net income Net income
Net income is stated after charging/(crediting):
2023
6		 2022
f
Depreciation of tangible fixed assets 10,314 5,037
Loss/(gains) on disposal oftangible fixed assets 40 (10,132)
14. Independent examination fees
2023 2022
6 f
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 2,670 2,670
15. Staff costs
The total staff costs and employee benefits for the reporting period are analysed
as		 follows:
2023 2022
f
306,665 295,332
The average
head count of employees		 The average
head count of employees		 The average
head count of employees		 The average
head count of employees		 during the year was 14(2022: 13).The average number
of full-time equivalent employees
during		 the year is analysed as follows:
2023 2022
6 t'
Number of charitable activities staff 8 7
Number of cost ofgenerating
funds staff		 2 2
Number of governance staff 1 1
11 10

Fixtures and
fittings
f		 Equipmentf Other plant
6		 Total
6
Cost
At 1 April 2022 1,567 11,477 18,554 31,598
Additions 2,632 20,165 22,797
Disposafs (1,921) (1,921)
At 31 March 2023 1,567 12,188 38,719 52,474
Depreciation
At 1 April 2022 1,567 7,534 18,554 27,655
Charge for the year 3,591 6,723 10,314
Disposals (1,921) (1,921)
At 31 March 2023 1,567 9,204 25,277 36,048
Carrying
amount
At 31 March 2023 2,984 13,442 16,426
At 31 March 2022 3,943 3,943
18. Stocks
2023 2022
6 5
Raw materials and consumables 674 593
19. Debtors
2023 2022
6
Trade debtors 34,696 33,036
Prepayments and accrued income 2,620 2,972
Other debtors 3„762
41,078 36,008
20. Creditors: amounts falling due within one year
2023
6		 2022
f
Trade creditors 12,234 667
Accruals and deferred income 3,906 3,189
Social security and other taxes 15,573 15,796
31,693 19,652

Unrestricted
funds
At 1 April 2022
f		 Income Expenditure
f		 Transfers At 31 March 2023
f
General funds 427,919 498,178 (400,658) 525,439
At 1 April 2021 Income
f		 Expenditure
F		 Transfers
F		 At 31 March 2022
F
General funds 330,784 461,547 (381,812) 17,400 427,919
Restricted funds
At 1 April 2022 Income
f		 Expenditure
f		 Transfers
f		 At 31 March 2023
f
Bicester Village —Make
a difference 1,000 (1,000)
Total Restricted Funds 1,000 (1,000)
At 1 April 2021
F		 Income
f		 Expendituref Transfers At 31 March 2022
f
Woking Relief-In-Need 1,890 (1,890)
Somerset Community
Foundation 315 (315)
Individual
Donor		 17,400 (17,400)
Bicester Village —Make
a difference 1,000 1,000
Total Restricted Funds 19,605 1,000 (2,205) (17,400) 1,000
Analysis ofnet assets between funds
Unrestricted Restricted Total Funds
Funds Funds
f		 2023
f
Tangible fixed assets 16,426 16,426
Current assets 540,706 540,706
Creditors less than 1 year (31,693) (31,693)
Net assets 525,439 525,439
Unrestdicted Restricted Total Funds
Funds
f		 Funds
f		 2022
f
Tangible fixed assets 3,943 3,943
Current assets 441,423 3,205 444,628
Creditors less than 1 year (19,652) (19,652)
Net assets 425,714 3,205 428,919

2023 2022f
Income and endowments
Donations
and legacies
Donations 37,450 33,763
Grants receivable 116,332 83,007
153,782 116,770
Charitable
activities
School based programmes 279,715 267,471
Other trading activities
Fundraising
events		 63,137 44,739
63,137 44,739
Investment
income
Bank interest receivable 229
Other income
Gain ofdisposal oftangible assets (40) 10,132
Other income 736 23,206
696 33,338
Total income 498,178 462,547

De aile St atement of Financial Activities (conrtnvedi
Year ended 31 March 2023
2023 2022
6
Expenditure
Costs of raising donations and legacies
Opening stock 593 3,580
Purchases 3,295 2,859
Closing stock (674) (593)
Wages and salaries 60,887 58,998
Rent, rates and related expenses 2,310 2,318
Event expenses 8,322 8,118
Equipment
and IT		 196 188
Travelling
expenses		 582 151
Professional
fees		 386 356
Fundraising
consultancy		 costs 4,769 13,860
Other office costs 727 694
81,393 90,529
Expenditure
on charitable		 activities
Wages and salaries 245,778 236,334
Materials 1,300
Rent, rates and related expenses 8,531 8,065
Training costs 4,247 (810)
Equipment
and IT		 4,809 3,440
Insurance 1,725 2,457
Licence fee to Coram Life Education 17,603 19,188
Travelling
expenses		 10,740 10,215
Other motor/travel costs 143
Legal and professional fees 8,802 6,373
Telephone 3,248 2,708
Other office costs 882 338
Depreciation 10,314 5,037
Life Education
Mobiles		 2,286
320,265 293,488
Total expenditure 401,658 384,017
Net income 96,520 78,530

Not es to t he Detailed Statement of
Year ended 31 March		 Financial Activities
2023
2023 2022
Costs ofraising donations and legacies
Costs ofgenerating income
Opening Stock 593 3,580
Books and materials 3,295 2,859
Closing Stock (674) (593)
Staff and pension 60,887 58,998
Office rent, rates and related expenses 2,310 2,318
Event expenses 8,322 8,118
Equipment
and IT		 196 188
Travelling
expenses		 582 151
Professional fees 386 356
Fundraising
consultancy		 costs 4,769 13,860
Photocopying
and stationery		 costs 727 694
81,393 90,529
Costs ofraising donations and legacies 81,393 90,529

Year ended 31 March 2023
2023
8		 2022f
Expenditure
on charitable		 activities
School based programmes
Activities undertaken directly
Staff and pensions 226,257 217,573
Materials 1,300
Office rent, rates and related expenses 6,188 5,793
Training costs 4,247 (810)
EQuipment
and IT		 1,614 387
Insurance 1,725 2,457
Licence fee to Coram Life Education 17,603 19,188
Travelling
expenses		 10,740 10,215
Transport
ofclassrooms		 and related expenses 143
Professional
fees		 2,787 2,134
Telephone 2,750 2,484
Sundry 339 316
Depreciation 10,314 5,037
Life Education
Mobiles		 2,286
288,150 264,917
Governance costs
Administrative
salaries		 19,521 18,761
Rent, rates, insurance and light and heat 2,343 2,272
Office repairs, cleaning and consumables 3,195 3,053
Accountancy
and professional
fees		 5,369 3,769
Administrative
expenses		 646 470
Office telephone
and internet		 498 224
Sundries 543 22
32,115 28,571
Expenditure
on charitable		 activities 320,265 293,488