## ## ## ## ||||||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|