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2023-09-30-accounts

Registered number: 03441632 Charity number: 1073086

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Trustees' Report 2 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Statement of Financial Position 8
Notes to the Financial Statements 9 - 20

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2023

Trustees

P G R A Boorman, Chair (resigned 26 February 2024) K King R A Crowther

J J Branthomme (resigned 12 March 2024) H K L Gray (resigned 3 June 2024)

C Glen (resigned 9 October 2023) A Law (resigned 3 June 2024)

Company registered number

03441632

Charity registered number

1073086

Registered office

Soanes Centre, Tower Hamlets Cemetery Park, Southern Grove London E3 4PX

Accountants

Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS

Page 1

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Setpoint London East Limited (the charity) for the year ended 30 September 2023. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition effective 1 January 2019).

This is a directors' report required by s417 of the Companies Act 2006 and all trustees are directors. The trustees' report should be read in conjunction with the Annual Report.

Structure, governance and management

During the year the constitution of the company remained unchanged and it continued to operate as a charitable company limited by guarantee without share capital. At 30 September 2023 there were seven members.

The Trustees, who are also directors for the purpose of company law, and who served during the year were:

P G R A Boorman (Chair of Trustees) - resigned 26 February 2024 K King R A Crowther J Branthomme - resigned 12 March 2024 C Glen - resigned 9 October 2023 H K L Gray - resigned 3 June 2024 A Law - resigned 3 June 2024

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to major risks.

Objectives and Activities

The charity’s objectives are, “To advance public education within science, technology and the environment for young people of statutory school age in the East London Boroughs and surrounding areas”.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Activities, achievements and performance

Setpoint London East is a charitable organisation working with schools to promote interest and experiential learning in science and nature topics. Its main activities are aimed at primary school-aged children, providing science workshops onsite at the Soanes Centre and in the surrounding Tower Hamlets Cemetery Park and exploiting the woodland Cemetery Park as a base for Forest School sessions.

Page 2

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Science and nature workshops :

The Park offers a wealth of natural resources that help bring science to life for groups of children from local schools. There are two ponds for pond dipping next to our building, and various sites within the Park which suit different workshop topics. Since being de-consecrated in 1996, the site has returned to nature, offering a hugely bio-diverse space and designated a Local Nature Reserve and a Site of Metropolitan Importance for Nature Conservation.

There are more than 60 primary schools in the Borough, many of which do not have green outdoor space, and our workshops are a valued addition to their teaching resources. Schools are charged a fee for each workshop equating to around 40% of the cost of delivery – the shortfall being covered by grant income, donations and occasional hiring of space within the Soanes Centre.

Tower Hamlets schools are charged a reduced rate for workshops in return for ‘in kind’ support from Tower Hamlets Council through our rent free use of the Soanes Centre. The popularity of our workshops – reportedly the only out-of-classroom experience that many local schools can afford. A total of 278 workshops were taught during the period.

Forest School :

We have run Forest School sessions throughout the school year for two groups of children – a senior school group, who come for a full day session once a week, and a smaller primary school group, who attend for a half day every week.

Teacher and pupil feedback confirms the value of these sessions and we will be seeking dedicated funding to support this activity in the future, including purchasing additional equipment.

Community Partnership :

During the previous years there was a growing desire in the local area for access to spaces like ours where grass roots groups could meet and for community-led arts or cultural activities to centre themselves. The Soanes Centre where we operate had been under-used for several years, and we realised that it offered a perfect solution to this need.

In response to this, we entered into a partnership with Kin Structures through an artist residency which has been instrumental for us in exploring the community need, and understanding how the Soanes Centre itself can - and should - develop. Kin Structures brought expertise and their work has helped to safeguard the space and ensure it can continue being a vital and cherished community resource for future generations.

Their work has been compelling and inspiring to the local community - it has also helped attract new people to the centre, using art and learning programmes which are sensitive to context and responsive to relationships you have been building with the local community.

At the end of the initial 6 month residency, we agreed to a 2 year partnership across 2024 and 2025.

Financial Review

Performance against budget (figures rounded):

Income was improved from the previous period. No grant income was received in this period, except that the unspent amount from the Tower Hill Trust, awarded last year, has been rolled forward. The year to 30 September ended with an operating surplus of £3,779, however this is partly due to grants secured during the year being paid in the next period (see Financial outlook).

Page 3

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Funds carried forward (£24,608) represent around 5 months’ operating costs, but grants already pledged provide comfort that we have sufficient funds in line with our reserves policy.

Financial outlook :

A grant from the Portal Trust was awarded in October 2022 (£5,250) with payments due in October 2023 (£7,850) and October 2024 (£7,850) – all subject to satisfactory progress reports.

Grants from The Foyle Foundation (£5,000) and Canary Wharf Group (£5,000) supporting core costs were awarded during the year, allowing workshop fees for the 2022/23 academic year to remain subsidised for schools within Tower Hamlets.

Strategic Review

The funding landscape remains highly competitive, and Trustees are keen to reduce the charity’s dependence on grants by increasing the range of income generating activities over the coming years. This includes:

Reserves Policy

The reserves policy as agreed by the Board was revised in the year following professional advice, with the Charity now required to hold sufficient funds for 6 months of operational costs. Free reserves held at year end fell below this target and Trustees are looking at ways to build the free reserves so the policy can be met in future years.

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Principal Risks & Uncertainties

For the charity to continue operation and meet its objectives it will be essential to secure additional grant funding and additional sources of income. The trustees have drawn up plans which include new grant applications and other revenue earning activities such as Forest Schools and learning for early years children.

Opportunities for collaboration with Kin Structures a CIC we have worked with over the past year continues to be developed and we look forward to further collaboration and revenue earning opportunities. For our internal workshop programme the charges made have been progressively increased since they were first introduced in 2012. They have now reached the limit of what schools can afford, but they still cover only a percentage of our costs. Similarly reducing our overheads and running costs have been cut to a minimum and leaves no scope for further reduction.

Page 4

SETPOINT LONDON EAST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Trustees' responsibilities statement

The Trustees (who are also directors of Setpoint London East for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP;

• make judgments and accounting estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report, incorporating the strategic report, was approved by the Trustees on 26 June 2024 and signed on their behalf by:

R A Crowther

Trustee (on behalf of the Board of Trustees)

Page 5

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023

Independent Examiner's Report to the Trustees of Setpoint London East ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 30 September 2023.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Responsibilities and Basis of Report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Dated: 1 July 2024 Andrew Thomas (ACA)

Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS

Page 6

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Note
Income from:
Donations and legacies
4
Charitable activities
5
Investments
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2023
£
10,250
-
-
10,250
3,000
3,000
7,250
3,000
7,250
10,250		 Unrestricted
funds
2023
£
5,039
47,578
273
52,890
56,361
56,361
(3,471)
17,829
(3,471)
14,358		 Total
funds
2023
£
15,289
47,578
273
63,140
59,361
59,361
3,779
20,829
3,779
24,608		 Total
funds
2022
£
5,654
34,013
33
39,700
52,081
52,081
(12,381)
33,210
(12,381)
20,829

Page 7

SETPOINT LONDON EAST (A Company Limited by Guarantee) REGISTERED NUMBER: 03441632

BALANCE SHEET AS AT 30 SEPTEMBER 2023

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 6,840
25,335
32,175
(8,389)		 2023
£
822
822
23,786
24,608
10,250
14,358
24,608		 7,339
22,247
29,586
(9,853)		 2022
£
1,096
1,096
19,733
20,829
3,000
17,829
20,829

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 26 June 2024 and signed on their behalf by:

R A Crowther

Trustee (on behalf of the Board of Trustees)

The notes on pages 9 to 20 form part of these financial statements.

Page 8

SETPOINT LONDON EAST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. General information

Setpoint London East is a company limited by guarantee is registered in England & Wales. Its registered office address is Soanes Centre, Tower Hamlets, Cemetery Park, Southern Grove, London, E3 4PX.

The members of the company are the trustees listed on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Setpoint London East meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The charity meets its day to day working capital requirements through the utilisation of its own funds. At the reporting date, the charity held reserves of £24,608, which included net current assets of £23,786 and cash of £25,335. Of these amounts, £14,358 was unrestricted.

The trustees have, at the time of approving these financial statements, a reasonable expectation that the charity has sufficient resources to finance its activities over the next 12 months. Accordingly, they consider it appropriate to continue to adopt the going concern basis in preparing the charity’s financial statements.

2.3 Income

All income is recognised once the charity has entitlement to the funds, any performance conditions have been met, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants, donations and other income are credited to the profit and loss account for the accounting period to which they relate or in which the donor intends them to be utilised. Income received in advance of the accounting period to which it relates is carried forward as a creditor of the company until it is due to be credited to the profit and loss.

Page 9

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the cost of disseminating information in support of the charitable activities.

Charitable activities and governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost, net of depreciation and any provision for impairment.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery - 25%
Office equipment - 25%
Computer equipment - 25%

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 10

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. Accounting policies (continued)

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

There are no critical accounting estimates and assumptions affecting the charity.

Page 11

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. Income from donations and legacies

Donations
Grants
Donations
Grants
Government grants		 Restricted
funds
2023
£
-
10,250
10,250
Restricted
funds
2022
£
-
5,000
-
5,000		 Unrestricted
funds
2023
£
5,039
-
5,039
Unrestricted
funds
2022
£
32
-
622
654		 Total
funds
2023
£
5,039
10,250
15,289
Total
funds
2022
£
32
5,000
622
5,654

5. Income from charitable activities

External workshops
Internal workshops
Other (classroom hire, cost reimbursements)
Total 2023		 Unrestricted
funds
2023
£
-
37,527
10,051
47,578		 Total
funds
2023
£
-
37,527
10,051
47,578

Page 12

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. Income from charitable activities (continued)

External Workshops
Internal Workshops
Other (classroom hire, cost reimbursements)
Total 2022		 Unrestricted
funds
2022
£
200
23,745
10,068
34,013		 Total
funds
2022
£
200
23,745
10,068
34,013

6. Investment income

Investment income
Investment income		 Unrestricted
funds
2023
£
273
Unrestricted
funds
2022
£
33		 Total
funds
2023
£
273
Total
funds
2022
£
33

7. Analysis of expenditure on charitable activities Summary by fund type

Restricted Unrestricted
funds funds Total
2023 2023 2023
£ £ £
Charitable activity expenses 3,000 56,361 59,361

Page 13

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Restricted Unrestricted
funds funds Total
2022 2022 2022
£ £ £
Charitable activity expenses 3,192 48,889 52,081

8. Analysis of expenditure by activities

Charitable activity expenses
Charitable activity expenses		 Direct costs
2023
£
59,361
Direct costs
2022
£
52,081		 Total
funds
2023
£
59,361
Total
funds
2022
£
52,081

Page 14

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Events costs
Fees, materials and consumables
Centre management
Repairs and maintenance
Accountancy fees
Light, heat and power
Printing, postage and stationery
Telephone
Insurance
Advertising
Travel and subsistence
Bad debts
Bank charges
Sundry expenses
Depreciation
9.
Independent examiner's remuneration
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts		 Total
funds
2023
£
31,762
80
10,215
1,222
4,344
4,231
3,636
103
168
1,466
682
695
420
63
-
274
59,361
2023
£
1,925		 Total
funds
2022
£
22,926
-
13,240
1,987
3,454
3,096
1,765
794
1,661
1,606
761
271
-
90
66
364
52,081
2022
£
1,740

Page 15

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
23,982
7,034
746
31,762		 2022
£
22,440
-
486
22,926

The average number of persons employed by the Company during the year was as follows:

2023 2022
No. No.
1 1

No employee received remuneration amounting to more than £60,000 in either year.

Key management compensation

The trustees are considered to be the key management personnel of the charity.

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 30 September 2023, no Trustee expenses have been incurred (2022 - £NIL).

Page 16

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

11. Tangible fixed assets

Cost or valuation
At 1 October 2022
At 30 September 2023
Depreciation
At 1 October 2022
Charge for the year
At 30 September 2023
Net book value
At 30 September 2023
At 30 September 2022
12.
Debtors
Trade debtors
Prepayments and accrued income
13.
Creditors: Amounts falling due within one
Other creditors
Accruals		 Plant and
machinery
£
9,921
9,921
9,917
1
9,918
3
4
year		 Office
equipment
£
7,545
7,545
7,342
51
7,393
152
203		 Computer
equipment
£
26,428
26,428
25,539
222
25,761
667
889
2023
£
6,840
-
6,840
2023
£
1,779
6,610
8,389		 Total
£
43,894
43,894
42,798
274
43,072
822
1,096
2022
£
6,860
479
7,339
2022
£
1,303
8,550
9,853

Page 17

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Forest school fund
Total of funds		 Balance at 1
October
2022
£
17,829
3,000
20,829		 Income
£
52,890
10,250
63,140		 Expenditure
£
(56,361)
(3,000)
(59,361)		 Balance at
30
September
2023
£
14,358
10,250
24,608

The forest school restricted fund was set up to account for grants and donations received specific to funding the ongoing activities and costs associated with the forest school workshops.

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Restricted funds
Forest school fund
Total of funds		 Balance at
1 October
2021
£
32,018
1,192
33,210		 Income
£
34,700
5,000
39,700		 Expenditure
£
(48,889)
(3,192)
(52,081)		 Balance at
30
September
2022
£
17,829
3,000
20,829

Page 18

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

15. Summary of funds

Summary of funds - current year

General funds
Restricted funds
Summary of funds - prior year
General funds
Restricted funds		 Balance at 1
October
2022
£
17,829
3,000
20,829
Balance at
1 October
2021
£
32,018
1,192
33,210		 Income
£
52,890
10,250
63,140
Income
£
34,700
5,000
39,700		 Expenditure
£
(56,361)
(3,000)
(59,361)
Expenditure
£
(48,889)
(3,192)
(52,081)		 Balance at
30
September
2023
£
14,358
10,250
24,608
Balance at
30
September
2022
£
17,829
3,000
20,829

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2023
£
-
10,250
-
10,250		 Unrestricted
funds
2023
£
822
21,925
(8,389)
14,358		 Total
funds
2023
£
822
32,175
(8,389)
24,608

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(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

16. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2022
£
-
3,000
-
3,000		 Unrestricted
funds
2022
£
1,096
26,586
(9,853)
17,829		 Total
funds
2022
£
1,096
29,586
(9,853)
20,829

17. Pension commitments

During the year, the charity had expenditure of £746 (2022: £486) for pension commitments. The charity owed £Nil (2022: £Nil) at the balance sheet date.

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