| Steven Smith | |||||
|---|---|---|---|---|---|
| Sally Hunt | |||||
| Gillian Sharp | |||||
| Sonnie Wing | |||||
| Simon Collier | |||||
| Patron | Peter Smith | MBE | |||
| Chief Executive | Gillian Welham |
||||
| Secretary | Gillian Welham |
||||
| Charity | number | 1077055 | |||
| Company | number | 03702419 | |||
| Principal | address | The Working | Woodlands | Centre | |
| Maulden Wood |
|||||
| Haynes West | End | ||||
| Bedfordshire | |||||
| MK45 3UZ | |||||
| Registered | ofhce | The Working | Woodlands | Centre | |
| Maulden Wood |
|||||
| Haynes West | End | ||||
| Bedfordshire | |||||
| MK45 3UZ | |||||
| Auditor | Ivlercer 5 Hole LLP | ||||
| Silbury Court | |||||
| 420 Silbury Boulevard | |||||
| Milton Keynes | |||||
| Buckinghamshire | |||||
| MK9 2AF |
| Page | ||
|---|---|---|
| Trustees report |
1-10 | |
| Statement oftrustees | responsibilities | |
| independent auditor*s |
report | 12-14 |
| Statement offinancial |
activities | 15-16 |
| Balance sheet | ||
| Statement ofcash flows | ||
| Notes to the financial | statements | 20-36 |
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| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Tangible assets | 12 | 5,392,032 | 5,360,598 | |||||
| Current assets | ||||||||
| Stocks | 13 | 10,552 | 11,679 | |||||
| Debtors | 223,354 | 302,404 | ||||||
| Cash at bank and in | hand | 1,585,885 | 1,635,251 | |||||
| 1,819,791 | 1,949,334 | |||||||
| Creditors: one year |
amounts | falling | due within | (208,081) | (297,360) | |||
| Net current | assets | 1,611,?10 | 1,651,974 | |||||
| Total assets less current | liabilities | 7,003,742 | 7,012,572 | |||||
| Creditors: more than |
amounts one year |
falling | due after | (129,439) | (137,098) | |||
| Net assets | 6,874,303 | 6,875,474 | ||||||
| income funch | ||||||||
| Restricted | funds | 6,473,264 | 6,462,739 | |||||
| Unrestricted | funds - | designated | 19 | 178,721 | 190,820 | |||
| Unrestricted | funds - general | 222,318 | 221,915 | |||||
| 6,874,303 | 6,875,474 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operadng | activities | |||||
| Cash generated from operations |
93,223 | 3,235,909 | ||||
| Investing activities |
||||||
| Purchase oftangible fixed Interest received |
assets | (133,261) 4,333 |
(1,980,478) 32 |
|||
| Net cash used in investing | activities | (128,928) | (1,980,446) | |||
| iqnancing acdvities |
||||||
| Repayment ofbank loans | (13,661) | (19,663) | ||||
| Net cash used in financing | activities | (13,661) | (19,663) | |||
| Net increase in cash and cash equivalents |
(49,366) | 1,235,800 | ||||
| Cash and cash equivalents | at beginning | of | year | 1,635,251 | 399,451 | |
| Cash and cash equivalents | at end ofyear | 1,585,885 | 1,635,251 | |||
| Short term deposits included | in current | |||||
| asset investments | ||||||
| Bank overdrafts included in |
creditors | |||||
| payable within one yea r |
| Charitab/ | e | actfvttles | |||
|---|---|---|---|---|---|
| Project Income | Project Income | ||||
| 2023 | 2022 | ||||
| 8 | 2 | ||||
| Sales within | charitable | activities | 711,526 | 2,077,711 | |
| Performance | related grants | 399,592 | 156,095 | ||
| Charitable | rental income | 22,818 | 21,827 | ||
| 1,133,936 | 2,255,633 | ||||
| Analysis | by | fund | |||
| Unrestricted | funds - general | 597,254 | 529,173 | ||
| Unrestricted | funds - designated | 201,956 | 270,257 | ||
| Restricted | funds | 334,726 | 1,456,203 | ||
| 1,133,936 | 2,255,633 |
| 5 | Trading income | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Total | Unrestricted | Unrestricted | Total | ||
| funds | funds | funds | funds | ||||
| general | designated | general | designated | ||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | ||
| 8 | f | 5 | |||||
| Non-charitable | |||||||
| trading activities |
457,819 | 200,425 | 658,244 | 432,051 | 187,373 | 619,424 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| general | general | |||
| 2023 | 2022f | |||
| Interest receivable | 4,333 | 32 | ||
| 7 | Raising funds | |||
| Unrestricted | Unrestdcted | |||
| funds | funds | |||
| general | general | |||
| 2023 | 2022 | |||
| TT~i T t | ||||
| Non charitable | trading costs | 235,182 | 201,010 | |
| Staff costs | 222,237 | 231,040 | ||
| Trading costs | 457,419 | 432,050 |
| Direct | Charitable | ||||||
|---|---|---|---|---|---|---|---|
| charitable | expenditure | ||||||
| expenditure | designated | Total | Total | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| 6 | |||||||
| Staff costs | 316,129 | 228,937 | 545,066 | 471,181 | |||
| Depreciation | and impairment | 120,212 | 120,212 | 48,273 | |||
| Charitable | expenditure | 225,511 | 215,338 | 440,849 | 366,013 | ||
| 661,852 | 444,275 | 1,106,128 | 885,467 | ||||
| Share of | support costs (see note 9) | 275,345 | 275,345 | 238,351 | |||
| Share of | governance | costs (see note 9) | 19,459 | 19,459 | 17,825 | ||
| 956,656 | 444,275 | 1,400,931 | 1,141,643 | ||||
| Analysis | by | fund | |||||
| Unrestricted | funds - general | 623,664 | 623,664 | 549,348 | |||
| Unrestricted | funds - designated | 444,275 | 444,275 | 424,201 | |||
| Restricted | funds | 332,992 | 332,992 | 168,094 | |||
| 956,656 | 444,275 | 1,400,931 | 1,141,643 | ||||
| For the year | ended 31 INarch 2022 | ||||||
| Unrestricted | funds —general | 549,348 | 549,348 | ||||
| Unrestricted | funds - designated | 424,201 | 424,201 | ||||
| Restricted | funds | 168,094 | 168,094 | ||||
| 717,442 | 424,201 | 1,141,643 |
| 9 | Support | costs | Support | Governance | 2023 | 20?2 | 8asis of |
|---|---|---|---|---|---|---|---|
| costs | costs | allocation | |||||
| 6 | 6 | ||||||
| Depreciation | 22,532 | 22,532 | 24,294 | ||||
| General | office costs | 252,813 | 7,859 | 260,672 | 251,995 | ||
| Audit fees | 11,600 | 11,600 | 4,181 | Governance | |||
| 275,345 | 19,459 | 294,804 | 280,470 | ||||
| Analyses charitable |
between activities |
275,345 | 19,459 | 294,804 | 280,470 |
| Number ofemployees | Number ofemployees | Number ofemployees | |||||||
|---|---|---|---|---|---|---|---|---|---|
| The average | monthly | number | ofemployees | during the year was: | |||||
| 2023 | 2022 | ||||||||
| Number | Number | ||||||||
| Full time staff | 16 | ||||||||
| Part time staff | 28 | 30 | |||||||
| 46 | |||||||||
| The average ful(-time |
equivalent | number ofemployees | during the year was 34. | ||||||
| Employment | costs | ||||||||
| 2023 | 2022 | ||||||||
| Wages and salaries | 780,248 | 702,221 | |||||||
| Social security | costs | 62,641 | 52,207 | ||||||
| Pension costs | |||||||||
| 30,131 | 26,542 | ||||||||
| 873.020 | 780,970 | ||||||||
| There are no staif contracts | paid for by a related | party. |
| 2023 | 2022 |
|---|---|
| Number | Number |
| Buildings | Plant and | Motor | Total | |||
|---|---|---|---|---|---|---|
| machinery | vehicles | |||||
| f | f | |||||
| Cost | ||||||
| At 1 April 2022 | 5,480,708 | 541,076 | 117,732 | 6,139,516 | ||
| Additions | 77,468 | 80,361 | 'l57,829 | |||
| Disposals | (24,566) | (24,566) | ||||
| At 31 March 2023 | 5,480,708 | 593,978 | 198,093 | 6,272,779 | ||
| Depreciation and impairment |
||||||
| At 1 April 2022 | 325,726 | 378,576 | 74,616 | 778,918 | ||
| Depreciation charged |
in the year | 38,069 | 53,665 | 28,478 | 120,212 | |
| Depreciation eliminated |
on disposals | (18,383) | (18,383) | |||
| At 31 March 2023 | 363,795 | 413,858 | 103,094 | 880,747 | ||
| Carrying amount |
||||||
| At 31 March 2023 | 5,116,913 | 180,120 | 94,999 | 5,392,032 | ||
| At 31 March 2022 | 5,154,982 | 162,500 | 43,116 | 5,360,598 | ||
| 13 | Stocks | 2023 | 2022 | |||
| Finished goods and goods forresale | 10,552 | 11,679 | ||||
| 14 | Debtom | 2023 | 2022 | |||
| Amounts falling due |
within one year. | f | ||||
| Trade debtors | 171,859 | 237,005 | ||||
| Other debtors | 7,741 | 40,352 | ||||
| Prepayments and accrued income |
43,754 | 25,047 | ||||
| 223,354 | 302,404 |
| Loans and ovsrdrsfls | ||
|---|---|---|
| 2023 | 2022 | |
| Bankioans | 143,100 | 156,761 |
| Payable within one year | 13,661 | 19,663 |
| Payable after one year | 129,439 | 137,098 |
| Creditors: amounts | falling due within one year | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Notes | 5 | 5 | ||
| Bank loans | 15 | 13,661 | 19,663 | |
| Other taxation and social security | 15,831 | 52,385 | ||
| Trade creditors | 44,588 | 55,486 | ||
| Other creditors | ||||
| Accruals and deferred | income | 134,001 | 169,826 | |
| 208,081 | 297,360 | |||
| Creditors: amounts | falling due after more than one year | |||
| 2023 | 2022 | |||
| Notes | 5 | 6 | ||
| Bank loans | 129,439 | 137,098 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Trust had transactions amou |
nting to 65,71 |
nting to 65,71 |
nting to 65,71 |
nting to 65,71 |
0with senior | 0with senior | management | personnel. | ||
|---|---|---|---|---|---|---|---|---|---|---|
| The Trust works in co-operation |
with a number | of different | organisations | and local authorities | in delivery of |
|||||
| its objectives. Where any financial |
or in-kind | remuneration | is received | this is disclosed to the |
full board of | |||||
| trustees and its Auditors. |
||||||||||
| 22 | Cash generated from operations |
|||||||||
| 2023 | 2022 | |||||||||
| (Deficit)l Surplus for the year | (1,171) | 3,389,952 | ||||||||
| Adjustments for. |
||||||||||
| Investment income recognised |
in statement | of | financial | activities | (4,333) | (32) | ||||
| Gain on disposal oftangible fixed assets |
||||||||||
| Depreciation and impairment of |
tangible | fixed assets | 101,829 | 48,273 | ||||||
| Movements in working capital: |
||||||||||
| Decrease/Increase in stocks |
1,127 | (5,475) | ||||||||
| IncreaselDecrease in debtors |
79,050 | (66,110) | ||||||||
| Decrease in creditors | (83,278) | (130,699) | ||||||||
| Cash generated from operations |
93,223 | 3435,909 |
| At | 1 Apflil 2022 | Cash flows | At 31 Nlarch 2023 | ||
|---|---|---|---|---|---|
| Cash | at bank and in hand | 1,635,251 | (49,365) | 1,585,886 | |
| Loans | falling due within one year | (19,663) | 6,002 | (13,661) | |
| Loans | falling due after more than one year | (137,098) | 7,659 | (129,439) | |
| 1,478,490 | (35,704) | 1,442,786 |
| At 31 | At 31 | |
|---|---|---|
| INarch 2023 | INarch 2022 | |
| 6 | 8 | |
| Within one year | 6,083 | 6,083 |
| Between two and five years | 13,170 | 18,751 |
| In over five years | 4„267 | 4,769 |
| 23,520 | 29,603 |