| Chairs introduction | ||||
|---|---|---|---|---|
| Objectives and activities |
||||
| Why our work is needed | ||||
| How does Arachne help? |
||||
| Financial review |
||||
| Reserves | 10 | |||
| Investments | 10 | |||
| Principal risks and uncertainties |
10 | |||
| Governance | 10 | |||
| Statement oftrustees' |
responsibilities | |||
| Independent accountant's |
report to the members | ofArachne | 12 | |
| Statement of financial |
activities for the year ended | 31 March 2023 | 15 | |
| Balance Sheet as at | 31 March 2023 | 16 | ||
| Notes to the financial | statements | 16 | ||
| Administrative details |
23 |
| Statem | ent o |
ffinancia | l activit | ies for the ye | ar ended 3 | 1 March | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Unrestricted | ||||||||
| Funds | Restricted | 2023 | 2022 | |||||
| funds | Total | Total | ||||||
| Notes | E | |||||||
| INCOMING | RESOURCES | |||||||
| Incoming | resources | from | ||||||
| generated | funds | |||||||
| Donations | and legacies | 507,387 | 105,818 | 613,205 | 595,674 | |||
| Charitable | activities | 1,000 | 31,000 | 60,781 | ||||
| Investment | income | 18,385 | 18,385 | 5 | ||||
| Total incoming resources |
626,772 | 136,818 | 662,690 | 666,460 |
| RESOURCES EXPENDED | ||||
|---|---|---|---|---|
| Governance costs |
2,492 | 2,298 | 4,790 | 2,298 |
| Expenditure to raise funds |
1,172 | 1,172 | 2,344 | 1,172 |
| Expenditure on charitable activities |
29,752 | 91,045 | 120,797 | 114,856 |
| Total resources expended | 33,416 | 94,515 | 127,931 | 118,326 |
| NET INCOMING RESOURCES | 492,356 | 42,303 | 534,659 | 538,134 |
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward |
667,507 | 400 | 667,907 | 129,773 |
| TOTAL FUNDS CARRIED | 1,202,56 | |||
| FORWARD | 1,159,863 | 42,703 | 6 | 667,907 |
| Balance She | et | as at | 31 March 20 | 23 | |
|---|---|---|---|---|---|
| Notes | 2023 | 2022 | |||
| 6 | 6 | ||||
| Fixed assets | |||||
| Tangible assets | 13 | 1,008,833 | 508,986 | ||
| 1,008,833 | 508,986 | ||||
| Current assets | |||||
| Debtors | 14 | 3,480 | 2,420 | ||
| Cash at bank and | in | hand | 201,649 | 166,955 | |
| 205,129 | 169,375 | ||||
| Creditors: amounts | falling | 15 | (11,396) | (10,454) | |
| due within one year | |||||
| Net current assets | 193,733 | 158,921 |
| REPORT OF THE TRUSTE | ES for the year | ended 31stMarch 2023 | |
|---|---|---|---|
| Total assets less current | 1,202,566 | 667,907 | |
| liabilities | |||
| Net assets | 1,202,566 | 667,907 | |
| FUNDS | |||
| Restricted fund |
16 | 42,703 | |
| General Fund |
16 | 1,159,863 | 667,907 |
| TOTAL FUNDS | 1,202,566 | 667,907 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Activities | for | generating | funds | 31,000 | 8,596 |
| 4.Investment |
income | ||
|---|---|---|---|
| 2023 | 2022 | ||
| f | 6 | ||
| Deposit account interest | 236 | ||
| Rental Income | 1II 149 | ||
| 18,385 | |||
| 5.Governance | costs | ||
| 2023f | 2022 8 |
||
| Wages | 3,470 | 1,172 | |
| Accountancy | 1 320 4,790 |
1 126 2,298 |
| 7.Expenditure | on | charitable | activities | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Depreciation of owned |
fixed assets | 1,559 | 1,586 | ||
| Staff salaries and | costs | 83,756 | 86,498 | ||
| Rates and water | 963 | 2,201 | |||
| Light and Heat | 1,882 | 1,393 | |||
| Telephone | 3,791 | 2,058 | |||
| Advertising | 717 | 990 | |||
| Insurance | 2,716 | 4,017 | |||
| Postage and stationery | 1,782 | ||||
| Repairs and renewals | 13,196 | 7,260 | |||
| Computer maintenance |
and software | 5,258 | 5,442 | ||
| Volunteers' expenses |
140 | ||||
| Tutors | 2,250 | 2,200 | |||
| Professional fees |
3,184 | 200 | |||
| Accreditations | 1,512 | ||||
| Learning materials |
|||||
| Subscriptions | 813 | 939 | |||
| Bank charges | 72 | 72 | |||
| Sundry expenses | 678 | ||||
| 124269 | 114856 |
| Amount | ||
|---|---|---|
| Gross Wages | 53,121 | |
| Employers N.l. |
800 | |
| Pension | contributions | 1,128 |
| Repairs | and renewals | 4 500 |
| 59 549 |
| London Bo | rough | of Islington | |
|---|---|---|---|
| Amount | |||
| Gross Wages | 28,272 | ||
| Employers N. |
l. | 255 | |
| Pension contributions |
143 | ||
| Subscriptions | and memberships | 157 | |
| Postage and | stationery | 787 | |
| Accreditation | fees | 1,512 | |
| Computer maintenance/ |
|||
| software maintenance |
& license | 370 | |
| 31496 |
| REPORT O | F | THE | TRUSTEES for the year e | nded 31stMarch 2023 | |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Depreciation | - | owned | assets | 1,559 | 1,586 |
| 2023f | 2022 6 |
||
|---|---|---|---|
| Wages Pension |
and salaries contributions |
83,772 1,271 |
82,001 1,217 |
| Social security costs | 1 056 86,099 |
5 624 88,842 |
| Computer, | Computer, | |||||
|---|---|---|---|---|---|---|
| Freehold | Furniture | |||||
| Property | & | Fittingsf | Total f |
|||
| Cost | ||||||
| At 1 April 2022 | 500,000 | 100,517 | 600,517 | |||
| Additions | 500 000 | 1 406 | 501 406 | |||
| At 31 March 2023 | 1 000 000 | 101923 | 1 101 923 | |||
| Depreciation | ||||||
| At 1 April 2022 | 91,531 | 91,531 | ||||
| Charge for the year | 1 559 | 1 559 | ||||
| At 31 March 2023 | 93 090 | 93090 | ||||
| Net book value | ||||||
| At 31 March 2023 | 1 000 000 | 8 833 | 1 008833 | |||
| At 31 March 2022 | 500000 | 8,986 | 508,986 | |||
| 14.Debtors | ||||||
| 2023 f |
2022f | |||||
| Other debtors | 3,480 | 2,420 | ||||
| 3480 | 2420 | |||||
| Amounts due after more than one year included |
above | |||||
| 15.Creditors | ||||||
| 2023 f |
2022f | |||||
| Other creditors | 11,396 | 10,454 | ||||
| 11 396 | 10454 | |||||
| 16.Movement | in funds | |||||
| Unrestricted funds |
||||||
| General fund |
||||||
| At 1 April 2022 | 667,507 | |||||
| Prior year adjustments | ||||||
| At 1 April 2022 | 667,507 | |||||
| Net movement in the year |
492,356 | |||||
| Transfer to Restricted | funds |
| At 31 March 2023 | 1,159,863 |
|---|---|
| Restricted funds Restricted funds |
2023f |
| At 1 April 2022 | 400 |
| Transfer from the profit and loss account | 42,303 |
| At 31 March 2023 | 42 733 |
| TOTAL FUNDS | 1,202,566 |