| Page | |
|---|---|
| Reference and Administrative Details ofthe Charity, Its Trustees and Advisers |
|
| Trustees' Report |
2-4 |
| Trustees' ResponsihllltIes Statement |
|
| Independent Auditors' Report on the Financial Statements |
6-9 |
| Consolidated Statement of Filnanclal Activities |
|
| Consolidated Balance Sheet |
|
| Charity Balance Sheet | 12 |
| Consolidated Statement ofCash Flows |
13 |
| Notes to the Financial Statements | 14-29 |
| REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | DETAILS OFTHE | DETAILS OFTHE | DETAILS OFTHE | CHARITY, ITSTRUSTEES AND | CHARITY, ITSTRUSTEES AND | ADVISERS |
|---|---|---|---|---|---|---|---|---|---|
| FORTHE YEAR ENDED 31DECEMBER 2022 | |||||||||
| Trustees | BAnderson& | ||||||||
| J Spencer& | |||||||||
| A Dairymplei | |||||||||
| VV Lynesi | |||||||||
| ' Trustees holding title to freehold Road, Hindhead, GU26 6SJ. |
land and buildings | at Highcombe | Edge, Tllford | ||||||
| Charity registered | |||||||||
| number | 1077572 | ||||||||
| Prfnclpal office | Somerville | ||||||||
| 8 Bridle Close | |||||||||
| Grayshott | |||||||||
| Hindhead | |||||||||
| GU26 6EA | |||||||||
| Chief executive office | 8Anderson | ||||||||
| Independent | auditors | Byrd Link Audit | 8 | Accountancy Services Limited | |||||
| Honeyboume | P!ace | ||||||||
| Jessop Avenue | |||||||||
| Cheltenham | |||||||||
| GL50 3SH | |||||||||
| Bankers | Lloyds Bank | ||||||||
| Business Banking | |||||||||
| BX1 1LT |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| Note | 6 | ||||
| Income from | |||||
| Donations and legacies |
81,524 | 81,524 | 295,029 | ||
| Charitable acfivities |
7,633 | 7,633 | 10,700 | ||
| Other trading | activifies - Zapp UK | 2,058,787 | 2,058,787 | 686,032 | |
| Investments | 54 | 54 | 173 | ||
| Other income | 20D,622 | 20D,622 | |||
| Total Income | 2,348,620 | 2&348,620 | 1,191,934 | ||
| Expenditure | on: | ||||
| Other trading | acfivltles - Zapp UK | 1,901,123 | 1,901,123 | 667,423 | |
| Charitable activities |
8 | 447,828 | 447,828 | 775.634 | |
| Total expenditure | 2,348,951 | 2,348,951 | 1,443,257 | ||
| Net expenditure before taxation |
(331) | (331) | (251,323) | ||
| Taxation | 12 | (39,519) | (39,519) | ||
| Net movement | In funds | (39,850) | (39,850) | (251,323) | |
| Reconciliation | offunds: | ||||
| Total funds brought forward | 5,919,842 | 5,919,642 | 6.171.165 | ||
| Nst movement | in funds | (39,850) | (39,850) | (251,323) | |
| Total funds carried forward | 5,879,992 | 5,879,992 | 5,919,642 |
| 2022 | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Note | 6 | 6 | |||||||||
| Fixed assets | |||||||||||
| Tangible assets | 13 | 5,557,931 | 5,526,728 | ||||||||
| 5&557,931 | 5,526.728 | ||||||||||
| Currant assets | |||||||||||
| Stocks | 15 | 249,005 | 247,437 | ||||||||
| Debtors | 16 | 124,975 | 62,125 | ||||||||
| Cash at bank and | in hand | 247,697 | 354,247 | ||||||||
| 621,677 | 663,809 | ||||||||||
| Creditors: amounts | falling due | within one | |||||||||
| year | 17 | (299,616) | (270,695) | ||||||||
| Net current assets | 322,061 | 393,114 | |||||||||
| Total assets less current liabilities | 5,879,992 | 5,919,842 | |||||||||
| Net assets excluding | pension | asset | 5,879,992 | 5,919,642 | |||||||
| Total net assets | 5,879&992 | 5,919,842 | |||||||||
| Charity funds | |||||||||||
| Restricted funds | 18 | ||||||||||
| Unrestricted funds |
18 | 5,879,992 | 5,919,642 | ||||||||
| Total funds | 5,879,992 | 5,919,842 | |||||||||
| The 8nanclal |
statements | were | approved | and | authorised | for issue |
by | the | Trustees on |
||
| and signed on their behalf | by. |
| 2022f | 2021f | |||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||
| Net cash used in operating | activMes | 'I15,737 | 244,889 | |||
| Cash flows from investing | activities | |||||
| Interest received | 54 | 173 | ||||
| Transfer on acquisition | (122,419) | |||||
| Purchase oftangible fixed assets | (235,013) | (269,831) | ||||
| Disposal offixed assets | 13,472 | |||||
| Net cash used In Investing |
activities | (222,207) | (392,077) | |||
| Cash flows from financing | activities | |||||
| Cash infiows from new borrowing | 150,369 | |||||
| Het cash provided by financing actlviges |
150,369 | |||||
| Change In cash and cash |
equivalents | In | the year | (106,550) | 3,101 | |
| Cash and cash equivalents | atthe beginning | ofthe year | 354,247 | 351.066 | ||
| Cash and rash equivalents | at the end of | the year | 247,697 | 354,247 | ||
| The notes on pages 14to 29 form part ofthese finandal | statements |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 5 |
2022 5 |
202ff | |||
| Oonatians | 81,524 | 81,524 | 9,779 | ||
| Grants | f8,960 | ||||
| Zapp | UK Trading | Ltd | 266,290 | ||
| 81,524 | 81,524 | 295,029 | |||
| Taiel 2021 | 295,029 | 295,029 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| 6 | 6 | ||
| Rental income | 7,633 | 7,633 | 10,700 |
| Total 2021 | 10.700 | 10,700 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2622 | 2022 | 2021 | |||
| E | |||||
| Trading | income - Zspp UK Trading | Ltd | 2,058,787 | 2,058,787 | 866,032 |
| Total 2021 | 866,032 | 686,032 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 E |
2022 E |
2021f | ||
| Bank | interest | 173 | ||
| Total | 2021 | 173 | 173 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| E | E | ||||
| Other | operating | income | 200,622 | 200,622 |
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Total | Tolal | ||
| 2022 | 2022 | 2021 | ||
| 8 | ||||
| Charitable | activities | 447,828 | 447,828 | 775,834 |
| Total 2021 | 775 834 | 775 634 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total | Tolsl | ||
| directly | costs | funds | funds | ||
| 2022 8 |
2922 8 |
2022f | 2021f | ||
| Chaniable | activities | 280,448 | 167.381 | 447,829 | 775,834 |
| Total 2021 | 101,020 | 674,814 | 775,834 |
| Charitable | Total | Total | |
|---|---|---|---|
| activities | funds | funds | |
| 2022 | 2022 | 2021 | |
| 2 | 8 | 5 | |
| Donations | 280,448 | 280,448 | 10'l,020 |
| Tclal 2021 | 101,020 | 101,020 |
| Charitable | Total | Total | ||
|---|---|---|---|---|
| activities | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| 8 | 8 | |||
| Depreciation | 139,302 | 139,302 | 658,505 | |
| Adminstrative | costs | 139 | ||
| Premises cost | 14,231 | 14,231 | 7,827 | |
| Governance | cost | 7,050 | 7,050 | 5,423 |
| Professional | 6.798 | 6,798 | 2,920 | |
| 167,381 | 167,38t | 674.814 | ||
| Torsi 2021 | 674,814 | 674,814 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 8 | 8 | ||||||
| Fees payable | to the Charity's | auditor for audit services | 4525 | 5,000 | |||
| Fess payable | to the Charity's | auditor and its associates | in connection | with | |||
| the Charity's | pension scheme(s) | in respect of: | |||||
| Non-audit services |
2,525 | 2,250 |
| Freehold | Motor | Fixtures and | Office | ||
|---|---|---|---|---|---|
| property | vehicles | fittings | equipment | Total | |
| E | E | E | E | E | |
| Coat orvaluation | |||||
| At 1 January 2022 | 5,780&417 | 3O,757 | 618,244 | 54,912 | 6,484,330 |
| Additions | 230,776 | 4,207 | 830 | 235,813 | |
| Disposais | (13,472) | (13,472) | |||
| At 31 December 2022 | 5(997721 | 30757 | 622)451 | 55742 | 6)706(671 |
| Depreciation | |||||
| At 1 January 2022 | 592,727 | 11,140 | 341,376 | 12,359 | a57,6o2 |
| Charge forthe year | 113,728 | 4,9D4 | 59,039 | 13,467 | 191,138 |
| At 31 December 2022 | 706,455 | 16,044 | 400,415 | 25,826 | 1,148,740 |
| Net book value | |||||
| At 31 December 2022 | 5,291,266 | 14,713 | 222,036 | 29,916 | 5,557,931 |
| At 31December 2021 | 5,187,690 | 19,817 | 278,868 | 42,553 | 5,525,728 |
| Freehold | Fixtures and | ||
|---|---|---|---|
| P«Party 6 |
fittings 6 |
Total 8 |
|
| Cost or valuation | |||
| At 1 January 2022 | 5,683,706 | 473,667 | 6,157,373 |
| Additions | 229,723 | 229,723 | |
| At 31 December 2022 | 5,913,429 | 473,667 | 6,307,096 |
| Depreciation | |||
| At 1 January 2022 | 592,727 | 247,099 | 839,826 |
| Charge for the year | 'I05,315 | 33(985 | 139)300 |
| At 31 December 2022 | 698,042 | 281,084 | 979,128 |
| Net book value | |||
| At 31 December 2022 | 5,215,387 | 192,583 | 5,407,970 |
| At31December 2021 | 5.090.979 | 226,568 | 5,3f7,547 |
| Investments | |
|---|---|
| in | |
| subsidiary | |
| companies | |
| Charity | 6 |
| Cost orvaluation | |
| At1 January2022 | 266,294 |
| At 31 December 2022 | 266,294 |
| Net book value | |
| At 31 December 2022 | 286,294 |
| At31December 2021 | 266,204 |
| Name | Company | Registered office or principal | Registered office or principal | Principal activtty | ||
|---|---|---|---|---|---|---|
| number | place ofbusiness | |||||
| Zapp UK | Trading | Ltd | 09432502 | The Old Fire Station, Wheeler | Sale ofretail goods. | |
| Lane, Witley, Goldalming, | Surrey, | |||||
| GUB 5QU. | ||||||
| Included | In | |||||
| consotidatlon |
| he B | nsnc | iel resul | ts ofthe subsidiary for |
the year ware: | ||
|---|---|---|---|---|---|---|
| Name | Income | Profitl(Loss) | Net assets | |||
| 6 | ISurplus/ | 6 | ||||
| (Deficit) for | ||||||
| the year | ||||||
| 6 | ||||||
| Zapp | UK | Trading | Ltd | 2,259,409 | 358,286 | 461,717 |
| 15. | Stocks | FOR THE YEAR ENDED | 31 DECEMB | ER2022 | |||
|---|---|---|---|---|---|---|---|
| Group | Gmup | ||||||
| 2022 6 |
2021f | ||||||
| Finished goods and goods for resale | 249,065 | 247,437 | |||||
| 16. | Debtors | ||||||
| Group | Group | Charity | Charity | ||||
| 2022 | 2021 | 2022 | 2021 | ||||
| 6 | 6 | ||||||
| Dus within one year | |||||||
| Trade debtom | 105,455 | 54,132 | |||||
| Other debtors | 1,124 | 57 | 1,124 | 57 | |||
| Prepayments | and aocrued income | 18,396 | 7.936 | ||||
| 124,975 | 52,125 | 1,124 | 57 | ||||
| 17. | Creditors: Amounts | falling due within ons year | |||||
| Group | Group | Charity | Cherity | ||||
| 2D22 6 |
2021 | 2D22f | 2021 | ||||
| Bankloans | 32,890 | 150,359 | |||||
| Trade creditors | 83,114 | 53,871 | 7,547 | (4,384) | |||
| Corporation tax |
39,519 | ||||||
| Other taxation | and social security | 16,684 | 8,072 | ||||
| Other credltom | 17,615 | 17.508 | |||||
| Accruels and deferred | income | 109,794 | 41,075 | 9,880 | 9,884 | ||
| 299,616 | 270,695 | 17,427 | 5.480 |
| Statement | offunds - c | urrent year | |||||
|---|---|---|---|---|---|---|---|
| Balance st | |||||||
| Balance at 1 | 31 | ||||||
| January | December | ||||||
| 2022f | tncome | Expenditure | Taxatl | onf | 2022f | ||
| Unrestricted | funds | ||||||
| General Funds | 5,919,842 | 2,386,795 | (2,333,237) | 5,973,400 | |||
| Unallocated | amounts | (38,175) | (15,714) | (39,519) | (93,408) | ||
| 5,919,842 | 2,348,620 | (2,348,951) | (39,519) | 5,879,992 | |||
| Statement offunds - prior year | |||||||
| Balance at | |||||||
| Be/ance et | 31 | ||||||
| 1January | December | ||||||
| 2021f | income | Expendituref | 2021f | ||||
| Unrestricted | funds | ||||||
| General Funds | 5,171,155 | 1,191,934 | (1,443,257) | 5,919,542 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||||
| January | December | ||||||
| 2022f | Incoree f |
Expenditure | f | Taxationf | 2022f | ||
| General | funds | 5,919,842 | 2,348,620 | (2,348,951) | (39519) | 5)879)992 |
| Ba/ance sl | |||||
|---|---|---|---|---|---|
| Balance al | 31 | ||||
| 1Janusry | December | ||||
| 2021 | Income | Expenditure | 2021 | ||
| 6 | |||||
| General | funds | 6,171,165 | 1,191,934 | (1,443,257) | 5,919,842 |
| Analysis | of net assets between funds - current ye | ar | |
|---|---|---|---|
| Unrestdcted | Total | ||
| funds | funds | ||
| 2022 | 2022 | ||
| 6 | 6 | ||
| Tangible | lixed assets | 5,557,931 | 5,557,931 |
| Current | assets | 621,677 | 621,677 |
| Creditors | due within one year | (299,616) | (299,616) |
| Total | 5,879,992 | 5,879,992 |
| Analysis | ofnet assets between funds - prior year | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 6 |
2021f | ||
| Tangible | fixed assets | 5,528,728 | 5,526,728 |
| Current | assets | 663,809 | 663.809 |
| Creditors | due within one year | (270,695) | (270,695) |
| Tl | 5,919,842 | 5,919,842 |
| Group | Group | |||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| 8 | ||||||||
| Net expenditure for |
the year (as per Statement of Financial Activities) | (39,850) | (251,323) | |||||
| Adjustments for: |
||||||||
| Depreciation charges |
191,138 | 591.805 | ||||||
| Interest received | (54) | (173) | ||||||
| increase in stocks | (1,568) | (247,437) | ||||||
| Increase in debtors | (62,850) | (82,125) | ||||||
| Increase in creditors | 28,921 | 114,142 | ||||||
| Net cash provided | by operating | acflvitles | 'f15,737 | 244,889 | ||||
| 22. | Analysis ofcash | and | cash equivalents | |||||
| Group | Group | |||||||
| 2022 | 2021f | |||||||
| Cash in hand | 247,697 | 354,247 | ||||||
| Total cash and cash | equivalents | 247,697 | 354,247 | |||||
| 23. | Analysis ofchanges | in net debt | ||||||
| At 1 | Other non- | At 31 | ||||||
| January | cash | December | ||||||
| 6 2022 |
Cashflows 8 |
changes f |
2022 6 |
|||||
| Cash at bank and | in | hand | 354,247 | (106,556) | 247,697 | |||
| Debt due within 1 year |
(150,369) | (2,413) | 119,892 | (32,890) | ||||
| 203,878 | (108,963) | 119,892 | 214,807 |
| payments | und | er non-cancellable operating leas |
es as follows: | |||
|---|---|---|---|---|---|---|
| Group | Gnrup | Charity | Charity | |||
| 2022 5 |
2021 f |
2022 | 2021 | |||
| Not later than | 1year | 75,800 | 34,583 | |||
| Later than | 1 year and not later than 5years | 18D,000 | 180,000 | |||
| Later than | 5years | 108,750 | 153,750 | |||
| 364,55D | 368,333 |