Re41 Action {Q.P.C.T.) Ltd Report of the Trustees lor tlje year ended 31 Mar¢h 2023 D Hay¢s- Trustee Pag¢ 4
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | |||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donations | and legacies | 4,141 | 4,141 | 17,978 | |||
| Charitable | activities | ||||||
| Donations | and legacies | 119,501 | 119,501 | ||||
| Charitable | activities | 188,561 | |||||
| Other trading activities | 202,893 | 202,893 | 163,660 | ||||
| Investment | income | 168 | 168 | ||||
| Total | 326,703 | 326,703 | 370,199 | ||||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| Donations | and legacies | 307,947 | 307,947 | ||||
| Charitable | activities | 339,885 | |||||
| Total | 307,947 | 307,947 | 339,885 | ||||
| NET INCOME | 18,756 | 18,756 | 30,314 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds | brought forward |
40,234 | 40,234 | 9,920 | |||
| TOTAL FUNDS CARRIED FORWARD | 58,990 | 58,990 | 40,234 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 1,396 | 1,396 | 1,748 | ||
| CURRENT ASSETS | |||||
| Stocks | 4,000 | 4,000 | 4,000 | ||
| Cash at bank | 103,015 | 103,015 | 156,152 | ||
| 107,015 | 107,015 | 160,152 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
10 | (39,003) | (39,003) | (111,248) | |
| NET CURRENT ASSETS | 68,012 | 68,012 | 48,904 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 69,408 | 69,408 | 50,652 | ||
| CREDITORS | |||||
| Amounts falling due after more than one year |
11 | (10,418) | (10,418) | (10,418) | |
| NET ASSETS | 58,990 | 58,990 | 40,234 | ||
| FUNDS | 12 | ||||
| Unrestricted funds |
58,990 | 40,234 | |||
| TOTAL FUNDS | 58,990 | 40,234 |
| 2. | OTHER TRADING ACTIVITIES | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Enrolment fees/Student Contributions |
202,893 | 163,660 | ||
| 3. | INVESTMENT INCOME | |||
| 2023 | 2022 | |||
| Interest receivable - trading | 168 | |||
| 4. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated |
after charging/(crediting): | |||
| 2023 | 2022 | |||
| Depreciation - owned assets | 352 | 437 | ||
| 5. | TRUSTEES' REMUNERATION | AND BENEFITS |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Wages and salaries | 176,776 | 244,365 | |||
| Social security costs | 4,504 | ||||
| Other pension costs | 3,789 | 7,917 | |||
| 185,069 | 252,282 | ||||
| The average monthly | number ofemployees | during the year was as follows: | |||
| 2023 | 2022 | ||||
| No employees received emoluments | in excess of660,000. |
| COMPARATIVES F | OR THE STATEMENT | OF FINANCIA | L ACTIVITIES | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | fund | funds | ||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
17,978 | 17,978 | ||||
| Charitable activities |
||||||
| Charitable activities |
188,561 | 188,561 | ||||
| Other trading activities | 163,660 | 163,660 | ||||
| Total | 370,199 | 370,199 | ||||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Charitable activities |
339,885 | 339,885 | ||||
| NET INCOME | 30,314 | 30,314 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward |
9,920 | 9,920 | ||||
| TOTAL FUNDS CARRIED FORWARD | 40,234 | 40,234 | ||||
| 8. | TANGIBLE FIXEDASSETS | |||||
| Fixtures | ||||||
| Plant and | aild | Computer | ||||
| machinery | fittings | equipment | Totals | |||
| COST | ||||||
| At 1 April 2022 | 22,002 | 9,634 | 8,536 | 40,172 | ||
| Reclassification | (753) | 753 | ||||
| At 31March 2023 | 22,002 | 8,881 | 9,289 | 40,172 | ||
| DEPRECIATION | ||||||
| At 1 April 2022 |
22,002 | 8,622 | 7,800 | 38,424 | ||
| Charge for year | 202 | 150 | 352 | |||
| Reclassification/transfer | (753) | 753 | ||||
| At 31March 2023 | 22,002 | 8,071 | 8,703 | 38,776 | ||
| NET BOOK VALUE | ||||||
| At 31March 2023 | 810 | 586 | 1,396 | |||
| At 31 March 2022 | 1,012 | 736 | 1,748 |
| 9. | STOCKS | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Stocks | 4,000 | 4,000 | ||||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||
| 2023 | 2022 | |||||
| Trade creditors | 1,915 | 2,246 | ||||
| Social security | and other taxes | 1,311 | ||||
| Other creditors | 1,088 | 1,051 | ||||
| Accruals and deferred income | 36,000 | 106,640 | ||||
| 39,003 | 111,248 | |||||
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE | THAN ONE | YEAR | |||
| 2023 | 2022 | |||||
| Other creditors | 10,418 | 10,418 | ||||
| 12. | MOVEMENT | IN FUNDS | ||||
| Net | ||||||
| movement | At | |||||
| At 1.4.22 | in funds | 31.3.23 | ||||
| Unrestricted funds |
||||||
| General fund | 40,234 | 18,756 | 58,990 | |||
| TOTAL FUNDS | 40,234 | 18,756 | 58,990 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted funds |
||||||
| General fund | 326,703 | (307,947) | 18,756 | |||
| TOTAL FUNDS | 326,703 | (307,947) | 18,756 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.21 | in funds | 31.3.22 | ||
| Unrestricted | funds | |||
| General fund | 9,920 | 30,314 | 40,234 | |
| TOTAL FUNDS | 9,920 | 30,314 | 40,234 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 370,199 | (339,885) | 30,314 | |
| TOTAL FUNDS | 370,199 | (339,885) | 30,314 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.21 | in funds | 31.3.23 | ||
| Unrestricted | funds | |||
| General fund | 9,920 | 49,070 | 58,990 | |
| TOTAL FUNDS | 9,920 | 49,070 | 58,990 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 696,902 | (647,832) | 49,070 | |
| TOTAL FUNDS | 696,902 | (647,832) | 49,070 |