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|Reference and Administrative
Details|Reference and Administrative
Details|||
|---|---|---|---|
|Trustees' Report|||2to 6|
|Independent
Auditors'|Report||Zto 10|
|Consolidated
Statement ofFinancial||Activities|11 to 12|
|Consolidated
Balance|Sheet||13|
|Balance Sheet|||14|
|Consolidated
Statement|ofCash Flows||15|
|Notes to the Financial|Statements||16to 28|
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|||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||||||fullds|2022|
||||||Note|||
|Income and Endowments||from:||||||
|Donations
and legacies||||||1,183,400|1,183,400|
|Charitable
activities||||||3,333|3,333|
|Investment
income||||||3|3|
|Other income||||||3,061,184|3,061,184|
|Total income||||||4,247,920|4,247,920|
|Expenditure
on:||||||||
|Raising funds
Charitable
activities||||||(2,840,824)
(358,590)|(2,840,824)
~(358,590|
|Total expenditure||||||(3,199,414)|~3,)99,414)|
|Net income||||||1,048,506|1,048,506|
|Net movement
in funds||||||1,048,506|1,048,506|
|Reconciliation
offunds||||||||
|Total funds brought|forward|||||1,412,834|1,412,834|
|Total funds carried|forward||||17|2,461,340|2,461,340|
|||||Unrestricted||Restricted|Total|
|||||funds||funds|2021|
||||Note|||||
|Income and Endowments||from:||||||
|Donations
and legacies||||1,203|||1,203|
|Charitable
activities||||1,185|||1,185|
|Investment
income|||||11||11|
|Other income||||3,047,424|||3,047„424|
|Total income||||3,049,&23|||3,049,823|
|Expenditure
on."||||||||
|Raising funds
Charitable
activities|||6
2|(2,738,978)
~290,550|||(2,738,978)
(290,550)|
|Total expenditure||||~3,029,528)|||~3,029,528)|
|Net income
Transfers between
funds||||20,295||(135,092)|20,295
~(35,092)|
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|||R|ecognised Gains|and Losses)|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|2021|
||||Note||||
|Net movement|in funds|||20,295|(135,092)|(114,797)|
|Reconciliation|offunds||||||
|Total funds brought||forward||1,392,539|135,092|1,527,631|
|Total funds carried||forward||1,412,834||1,412,834|
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||||Consolidated
Balance Sheet as a|t 31Decem|ber 2022||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|||
|Fixed assets|||||||
|Tangible assets||||12|1,196,130|1,239,069|
|Current assets|||||||
|Stocks||||14|234,257|228,946|
|Debtors||||15|258,642|196,255|
|Cash at bank|and in|hand|||1,344,974|386,527|
||||||1,837,873|811,728|
|Creditors: Amounts||falling due within one year|||~441,621|~690,667|
|Net current|assets||||1,396,252|221,161|
|Total assets|less current||liabilities||2,592,382|1,460,230|
|Creditors: Amounts||falling due after more than one year|||(131,042)|(44,980)|
|Provisions||||||(2,416)|
|Net assets|||||2,461,340|1,412,834|
|Funds ofthe|group:||||||
|Unrestricted|income|funds|||||
|Unrestricted|funds||||2,461,340|1,412,834|
|Total funds|||||2,461,340|1,412,834|
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|||||2022|2021|
|---|---|---|---|---|---|
||||Note|||
|Fixed assets||||||
|Tangible assets|||12|1,062,473|1,102,273|
|Investments||||2|2|
|||||1,062,475|1,102,275|
|Current assets||||||
|Debtors|||15|117,129|16,253|
|Cash at bank|and in hand|||1,003,946|40,873|
|||||1,121,075|57,126|
|Creditors: Amounts||falling due within one year|16|(9,892)|(20,476)|
|Net current|assets|||1,111,183|36,650|
|Net assets||||2,173,658|1,138,925|
|Funds ofthe|charity;|||||
|Unrestricted|income|funds||||
|Unrestricted|funds|||2,173,658|1,138,925|
|Total funds|||17|2,173,658|1,138,925|
##
|Consolidated
St|atement of|Cash Flows for the|Year En|ded 31Decembe|r 2022|
|---|---|---|---|---|---|
|||||2022|2021|
||||Note|g||
|Cash flows from operating|activities|||||
|Net cash income||||1,048,506|20,295|
|Adjustments
to cash flows from non-cash
Depreciation
Investment
income||items|6
5|108,630
~3|129,839
~11)|
|||||1,157,133|150,123|
|Working capital adjustments||||||
|Increase in stocks|||14|(5,311)|(34,160)|
|Increase in debtors|||15|(62,387)|(49,506)|
|Increase in creditors|||16|58,198|23,562|
|Decrease in provisions||||(2,416)|(15,680)|
|Increase
in deferred
income||||62,743||
|Net cash flows from operating|activities|||1,207,960|74,339|
|Cash flows from investing
activities||||||
|Interest receivable
and similar|income||5|3|11|
|Purchase oftangible
fixed assets|||12|(78,760)|(154,551)|
|Saleoftangible
fixed assets||||13,069||
|Net cash flows from investing|activities|||(65,688)|~(154,540|
|Cash flows from financing
activities||||||
|Repayment ofloans and borrowings|||16|(180,000)|(3,958)|
|Repayment ofcapital element|offinance leases and HP contracts|||(3,825)|18,806|
|Net cash flows from financing|activities|||183,825|14,848|
|Net increase/(decrease)
in cash and cash equivalents||||958,447|(65,353)|
|Cash and cash equivalents
at I January||||386,527|451,880|
|Cash and cash equivalents
at 31December||||1,344,974|386,527|
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||Unrestricted||
|---|---|---|
||funds|Total|
||General|funds|
|GiAs and donations|1,183,400|1,183,400|
|Total for 2022|1,183,400|1„183,400|
|Total for2021|1,203|1,203|
||Unrestricted||
|---|---|---|
||funds|Total|
||General|funds|
|Trading Income - Pinnacle (EU) Ltd|3,061,184|3,061,184|
|Total for 2022|3,061,184|3,061,184|
|Total for2021|3,047,424|3,047,424|
||Unrestricted||
|---|---|---|
||funds|Total|
||General|funds|
|Bank Interest|||
|Total for2022|||
|Total for2021|||
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|Unrestricted||
|---|---|
|funds|Total|
|General|funds|
|2,840,824|2,840,824|
|2,840,824|2,840,824|
|2,738,978|2,738,978|
|Charitable|activities|
|---|---|
|Total for|2021|
||Unrestricted||
|---|---|---|
||funds|Total|
||General|funds|
|Note|||
|8|358,590|358,590|
||290,550|290,550|
##
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|Support|costs allocated to ch|aritable
activities|||||
|---|---|---|---|---|---|---|
|||||Premises|||
|||||costs|Other||
|||Governance|Administration|including|support|Total|
|||costs|costs|depreciation|costs|2022|
|Charitable|Activities|(204)|54,333|79,361|225,100|358,590|
|||||Premises|||
|||||costs|Other||
|||Governance|Administration|including|support|Total|
|||costs|costs|depreciation|costs|2021|
|Charitable|Activities|22,908|24,962|82,067|160,613|290,550|
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||2022|2021||
|---|---|---|---|
||No|No||
|Staff|||13|
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|11 Auditors'
remuneration|||
|---|---|---|
||2022|2021|
|Other fees to auditors|||
|The auditing ofaccounts ofany associate ofthe charity|6,000|5,000|
|All other non-audit
services||2,250|
||6,000|7,250|
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|Group|||||
|---|---|---|---|---|
||Land and|Furniture
and|||
||buildings|equipment|Motor vehicles|Total|
|Cost|||||
|At 1 January 2022|2,393,601|244,415|22,650|2,660„666|
|Additions
Disposals|45,071
~19,426|33,689
~406||78,760
(19,832)|
|At 31December 2022|2,419,246|277,698|22,650|2,719,594|
|Depreciation|||||
|At 1 January 2022|1,253,498|162,436|5,663|1,421,597|
|Charge for the year|65,995|38,389|4,246|108,630|
|Eliminated
on disposals|(6,763)|||(6,763)|
|At 31December 2022|1,312,730|200,825|9,909|1,523,464|
|Net book value|||||
|At 31December 2022|1,106,516|76,873|12,741|1,196,130|
|At 31December 2021|1,140,103|81,979|16,987|1,239,069|
|Charity|||||
|||Land and|Furniture
and||
|||buildings|equipment|Total|
|Cost|||||
|At I January 2022||2,301,447|33,077|2,334,524|
|Additions
Disposals||15,370
~19,426)||15,370
(19,426)|
|At 31December 2022||2,297,391|33,077|2,330,468|
|Depreciation|||||
|At 1 January 2022||1,200,800|31,451|1,232,251|
|Charge for the year
Eliminated
on disposals||40,881
~6,763|1,626|42,507
(6,763)|
|At 31December 2022||1,234,918|33,077|1,267,995|
|Net book value|||||
##
|||Land and|Furniture|and||
|---|---|---|---|---|---|
|||buildings|equipment||Total|
|At|31December 2022|1,062,473|||1,062,673|
|At|31December 2021|1,100,647||1,626|1,102,273|
|13|Fixed asset investments|||||
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|Subsidiary||
|---|---|
|undertakings|Total|
|g||
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|||Country of||Proportion ofvoting rights|Proportion ofvoting rights|Principal|
|---|---|---|---|---|---|---|
|Undertaking||incorporation|Holding|and shares held||activity|
|||||2022|2021||
|Subsidiary|undertakings||||||
|Pinnacle (EU) Ltd|||||||
|Beta House, Borough Road,
Brackley, Northamptonshire,||United Kingdom||100%|100%|Sale of retail
goods|
|NN13 7BE|||||||
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|14 Stock|||||||
|---|---|---|---|---|---|---|
|||||Group||Charity|
|||||2022|2021|2022|
|Stocks||||234,257|228,946||
|15 Debtors|||||||
||||Group||Charity||
||||2022|2021|2022|2021|
|Trade debtors|||147,604|161,938|8,876|8,876|
|Prepay ments|||4,868|2,083|2,083|2,083|
|Other debtors|||106,170|32,234|106,170|5,294|
||||258,642|196,255|117,129|16,253|
|16 Creditors:|amounts|falling due within one year|||||
||||Group||Charity||
||||2022|2021|2022|2021|
|Bank loans||||281,042|||
|Trade creditors|||156,806|74,201|4,184|13,284|
|Hire purchase|and finance|leases|14,981|3,825|||
|Other taxation|and social|security|29,576||||
|VAT grant repayable|||6,153|23,338|(3,149)||
|Other creditors|||34,041|47,094|1,584|2,192|
|Accruals|||137,321|161,067|7,273|5,000|
|Deferred
income|||62,743||||
||||441,621|590,567|9,892|20,476|
##
|Group|||||||
|---|---|---|---|---|---|---|
|||||||Balance at31|
|||Balance at 1||Incoming|Resources|December|
|||January|2022|resources|expended|2022|
|||||g|g||
|Unrestricted|funds||||||
|General||1,412,834||4,247,920|(3,199,414)|2,461,340|
|||||||Balance at 31|
|||Balance|at I|Incoming|Resources|December|
|||January|2021|resources|expended|2021|
|Unrestricted|funds||||||
|General||1,392,539||3„049,823|(3,029,528)|1,412,834|
|Restricted funds||135,092|||(135,092)||
|Total funds||1,527,631||3,049,S23|(3,164,620)|1,412,834|
|Charity|||||||
|||||||Balance at31|
|||Balance|at 1|Incoming|Resources|December|
|||January|2022|resources|expended|2022|
|||K|||||
|Unrestricted|funds||||||
|General||1,138,926||1,393,323|(358,591)|2,173,658|
|||||||Balance at 31|
|||Balance|at 1|Incoming|Resources|December|
|||January|2021|resources|expended|202]|
|Unrestricted|funds||||||
|General||1,247,475||182,000|(290,550)|1,138,925|
|Restricted funds||135,092|||(135,092)||
|Total funds||1,382,567||182,000|(425,642)|1,138,925|
##
|Group||||
|---|---|---|---|
|||Unrestricted|Total funds at|
|||funds|31December|
|||General|2022|
|Tangible fixed assets||1,196,130|1,196,130|
|Current|assets|1,837,873|1,837,873|
|Current liabilities
Creditors over 1year||(441,621)
131,042|(441,621)
~131.042|
|Total net assets||2,461,340|2,461,340|
|||Unrestricted|Total funds at|
|||funds|31December|
|||General|2021|
||||K|
|Tangible|fixed assets|1,239,069|1,239,069|
|Current|assets|811,728|811,728|
|Current|liabilities|(590,567)|(590,567)|
|Creditors over 1 year
Provisions||(44,980)
(2,416)|(44,980)
~2,416)|
|Total net assets||1,412,834|1,412,834|
##
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|Charity|||
|---|---|---|
||Unrestricted|Total funds at|
||funds|31December|
||General|2022|
|Tangible fixed assets|1,062,473|1,062,473|
|Fixed asset investments|2|2|
|Current assets
Current liabilities|1,121,075
9,892)|1,121,075
~(9,892|
|Total net assets|2,173,658|2,173,658|
||Unrestricted|Total funds at|
||funds|31December|
||General|2021|
|Tangible fixed assets|1,102,273|1,102,273|
|Fixed asset investments|2|2|
|Current assets
Current liabilities|57,126
(20,476|57,126
~20,476)|
|Total net assets|1,138,925|1,138,925|
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