Registered Charity Number 1079581
Registered Company Number 3573630
High Trees Community Development Trust ( a company limited by guarantee)
Report and Financial Statements
For The Year Ended
31 August 2023
High Trees Community Development Trust Report and accounts Contents
| Page | |
|---|---|
| Charity and Company information | 1 |
| Trustees' Report | 2 |
| Independent auditors' report | 6 |
| Statement of Financial Activities | 8 |
| Income and Expenditure account | 9 |
| Balance sheet | 10 |
| Notes to the accounts | 11 |
High Trees Community Development Trust Company Information
High Trees Comminity Development Trust has charitable status and is a company limited by guarantee and not having a share capital.
Directors
The Directors of the charitable company are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. Trustees serving during the year were:
Ewa Pawliczko (Treasurer) Saleha Jaffer Terry Curtis Olusina Taiwo Julie Say Yasmin Shazia (Appointed 27 September 2023)
Senior staff members to whom day-to-day management of the trust is delegated by the trustees .
Anna Coffey Grace English
Auditors
Brookfield & Co 18 Concanon Rd London SW2 5TA
Bankers
The Co-operative Bank PO Box 250 Skelmersdale WN8 6WT
Registered office
220 Upper Tulse Hill London SW2 2NS
Company registration number 3573630
Charity registration number 1079581
1
High Trees Community Development Trust for the year ended 31 August 2023
Trustees' Report
Structure, Governance and Management of High Trees Community Development Trust
Governing Document
High Trees Community Development Trust is a registered company limited by guarantee and a registered charity. It has a memorandum and articles document providing the framework for the focus of work.
Recruitment and appointment of Management Committee
The company Directors are also charity trustees for the purpose of charity law and under the company’s articles are known as members of the Management Committee. New trustees are recruited by advertising of vacant positions through local networks in Lambeth and by targeting individuals involved in the Trusts activities who complement the current skills set on the Board, who then fill out an application form and the relevant declarations of interest. Any new trustee appointment is subject to a vote by the board.
Risk Management
High Trees undertakes a bi-annual risk assessment which includes risk associated with buildings, personnel and finances. This is recorded as a matrix which also grades the risk and notes how this risk will be managed. A bi-annual review of the risk assessment is made every other year by the Co-CEOs and presented to the trustees for analysis and agreement. Where appropriate, systems or procedures have been established to mitigate against risks that High Trees faces. Internal control risks are minimised by the implementation of procedures for authorisation of transactions and projects. We also undertake risk assessment and contingency planning for funders in line with their good practice requirements and with partner organisations before starting projects with them.
Organisational Structure and Management
High Trees has a Trustee Board of 7 members at May 2024 who meet bi-monthly as a board, and quarterly as sub-committees, and are responsible for the strategic direction and policy of the charity.
The Co-CEO’s, Anna Coffey and Grace English, co-ordinate the day-to-day work of High Trees on behalf of the trustees. The Co-CEO’s report to the board of trustees. The Co-CEO’s take day-to-day financial and personnel decisions. Recommendations are presented to the board at the bi-monthly board meetings at the end of a CEO report. Decisions made by the trustees include decisions on spend of amounts of money over £50,000, on adopting the accounts, budgets and the strategic plans and policies.
2
Reserves Policy
High Trees have revised our reserves policy in light of the current economic climate to move towards holding reserves of 6 months of our organisational turnover. This amount is recalculated each financial year, and as of May 2024 is £702,000 (representing expenditure of £117,000 per month). This money is set aside to guarantee the organisations ongoing stability, to ensure that any changes in the funding climate are able to be managed, and to ensure that should funding for certain programmes or projects reach an end High Trees are able to continue to offer provision where appropriate while further funding is sought, only discontinuing much needed services if this proves impossible.
In response to a increasingly changing funding climate, the increase of costs related to running an organisation, community buildings and an increasing vulnerability of many of our service users means that building up reserves that can ensure organisational and service stability has become even more essential over the past few years and our reserves policy has been adapted accordingly.
Financial Review
High Trees have ended the year with an operating reserve of £706,580
The Charities total funds at year end, including reserves brought forward from previous year were £1,116,580, which comprises of main organisational reserves plus two further designated reserves which have been created – one for capital works and another in relation to our partnerships, to ensure we being as responsible as we can be to partnerships we manage and the buildings we run, that house our services.
The state of our community buildings has necessitated the creation of a designated reserve to ensure they can remain in use. Our High Trees Hub, although recently refurbished requires a new roof and several other essential works, two of our other buildings have also reached the end of their usable life span without essential works, and although grant funding will be sought for the bulk of this work, several aspects will need to be funded ourselves. We have therefore created a designated reserve of £260,000 to ensure that these buildings can remain in a usable condition and ensure some essential works are carried out which aren’t dependant on capital grant funding being secured. Much of this money is forecast to be spent in the next 18 months and if we are able to secure other sources of funding for elements of this work this designated reserve fund will be reviewed.
High Trees currently leads, and is responsible for the facilitation and co-ordination of, 4 active partnerships all of which have a strong track record of bringing in significant funding into Lambeth which is distributed to member organisations. This financial year will see the end of some multi-year grants and contracts that have allowed the partnerships to operate and High Trees have created a designated reserve of £150,000 to allow the retention of key partnership staff, training, co-ordination and maintaining these partnerships while their future is reviewed
Designated Reserves
Capital Works = £260,000
Partnerships = £150,000
3
Mission Statement
Connecting with people and communities to strengthen skills and build stronger voices.
Our Values are:
Collaborative Inclusive Responsive Supportive Rooted
Objectives and Activities
The summary of objects as set out in the High Trees Memorandum of Association is as follows:
-
to relieve persons who are in conditions of need, hardship or distress by reason of their social and economic circumstances;
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to reduce social exclusion;
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to promote the advancement of education and learning, including training in skills relevant to securing employment;
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to advance public education and involvement in the arts;
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to provide facilities for public recreation or other leisure time occupation in the interests of social welfare with the object of improving their conditions of life;
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to promote such other charitable purposes for the general benefit of the public resident in Lambeth and the Greater London Area
Services throughout the year
High Trees produces an Impact Report each year which gives the full details of our work throughout the year. This can be found at www.high-trees.org/impact
Trustees' responsibilities in relation to the financial statements
The Trustees, as directors, are required by company law to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure for that period. In preparing those financial statements, the management committees have:
-
selected suitable accounting policies and then applied them consistently;
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made judgements and estimates that are reasonable and prudent;
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stated whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements; and
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prepared the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to ensure that the financial statements comply with the Companies Act 2006.
4
The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
Statement as to disclosure to our auditors
Brookfield and Co were reappointed as the charity’s auditors at the Trustee Board Meeting in July 2023.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in January 2015) and in accordance with the special provisions of part VII of the companies Act 1985 relating to small entities.
In so far as the trustees are aware at the time of approving our trustees’ annual report: there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the Trust’s auditor is unaware, and
the trustees, having made enquiries of fellow directors and the Trust’s auditor that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
This report was approved by the Management Committee and signed on its behalf by:
……………………………………………… Ewa Pawliczko Treasurer
5
High Trees Community Development Trust Independent Auditors' Report to the trustees of High Trees Community Development Trust
We have audited the financial statements of High Trees Community Development Trust for the period ended 31 August 2023 which comprise the Statement of Financial Activities, the Profit and Loss Account, the Balance Sheet and the related notes. These financial statements have been prepared in accordance with Accounting and reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard for smaller Entities published on 16/7/14, the FRSSE (effective January 2015) and the Companies Act 2006, under the historical cost convention and in accordance with the accounting policies set out in the notes to the financial statements.The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
This report is made solely to the trustees of the charitable company, as a body, in accordance with the requirements of the Charities Act. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume liability to anyone other than the trustees as a body, for our audit work, for this report or for the opinions we have formed.
Respective responsibilities of trustees as directors and of the auditors
As described in the Statement of Trustees' Responsibilities, the charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, (United Kingdom Generally Accepted Accounting Practice) and for being satisfied that the financial statements give a true and fair view.
Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland).Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.
We report to you our opinion as to whether the financial statements give a true and fair view and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and in accordance with the Companies Act 2006 and the Charities (Accounts and Reports) Regulations 2008 .
We also report to you if, in our opinion,the Report of the Trustees is consistent with the financial statements, if the charity has not kept adequate accounting records, if the charity’s financial statements are not in agreement with the accounting records and returns, or if we have not received all the information and explanations we require for our audit, or if information specified by law regarding trustees' remuneration and transactions with the company is not disclosed.
We read the Trustees Annual Report and consider the implications for our report if we become aware of any apparent misstatements within it.
6
High Trees Community Development Trust Independent Auditors' Report to the trustees of High Trees Community Development Trust
Basis of Audit Opinion
We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board and in accordance with the Practice Note ' The Audit of Charities in the United Kingdom' , revised in December 2008 .
An audit involves obtaining evidence about the amounts and disclosures in the accounts sufficient to give reasonable assurance that the accounts are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the accounts.
We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.
In accordance with the exemption provided by APB Ethical Standard – Provisions Available for Smaller Entities, we have prepared and submitted the company’s returns to the tax authorities and assisted with the preparation of the accounts.
Opinion
In our opinion the Company's Financial Statements comply with the requirements of section 396 of the Companies Act 2006 and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, and in particular:-
a) The Income and Expenditure Account gives a true and fair view of the Income and Expenditure of the charity for the financial period ended on 31 August 2023 ; and
b) The Balance Sheet gives a true and fair view , of the state of affairs of the charity as at 31 August 2023
c) The Statement of Financial Activities gives a true and fair view of the charity's incoming resources and application of resources for the financial period ended on 31 August 2023.
d) The financial statements have been prepared in accordance with the methods and principles required by Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 (as modified in June 2008) (The SORP) and those methods and principles have been followed;
e) The information given in the Trustees' Annual Report for the financial year for which the accounts are prepared is consistent with the accounts.
Signed by J A Brookfield, as senior statutory auditor on behalf of Brookfield & Co Chartered Accountants Registered auditors 18 Concanon Rd London SW2 5TA
The date upon which our opinion is expressed is :- 26 April 2024
7
High Trees Community Development Trust Statement of Financial Activities
for the year ended 31 August 2023
| Notes Incoming resources Voluntary Income 3 & 4 Income from Charitable Activities 5 Investment Income Refurbishment Grants 6 Total incoming resources £ Resources expended Costs of Generating Funds Expenditure on Charitable Activities Governance Grants allocated to Refurbishment Total resources expended 7&8 Net movement in funds Reconciliation of funds Total funds brought forward Total Funds carried forward £ |
Unrestricted Restricted Total Last Year Funds Funds Funds Total Funds 2023 2023 2023 2022 £ £ £ £ 1,114,039 1,301,761 2,415,800 2,000,589 39,823 - 39,823 41,772 3,007 3,007 91 - 85,666 85,666 620,271 1,156,869 1,387,427 2,544,296 2,662,723 28,000 - 28,000 24,000 660,151 1,301,761 1,961,912 1,676,595 3,513 - 3,513 4,842 85,666 85,666 620,271 691,664 1,387,427 2,079,091 2,325,708 465,205 - 465,205 337,015 565,233 86,142 651,375 314,360 1,030,438 86,142 1,116,580 651,375 |
|---|---|
Designated Funds
£260,000 included in the unrestricted funds held has been designated by the Trustees to meet the cost of capital works of High Trees Community Buildings and £150,000 has been designated by the Trustees for the stability and maintenance of key partnerships, full details are given in the Trustee Report above, this leaves a total undesignated fund of £706,580.
The statement of financial activities includes all gains and losses recognised in the year All activities derive from continuing operations
The notes on pages 11 to 17 form an integral part of these accounts.
8
High Trees Community Development Trust Statement of Financial Activities for the year ended 31 August 2023
Income and Expenditure Account as required by the Companies Act for the year ended 31 August 2023
| Turnover Direct costs of turnover Operating Surplus Interest receivable Surplus on ordinary activities before taxation Surplus for the financial year Gift Aid Payments Retained surplus for the financial year All activities derive from continuing operations |
2023 £ 2,541,289 2,079,091 462,198 3,007 465,205 465,205 - 465,205 |
2022 £ 2,662,632 2,325,708 336,924 91 337,015 337,015 - 337,015 |
|---|---|---|
The notes on pages 11 to 17 form an integral part of these accounts.
9
| High Trees Community Development Trust Company Number 3573630 Balance Sheet as at 31 August 2023 Notes 2023 £ The assets and liabilities of the charity : Fixed assets Tangible assets 11 686,026 Less : Refurbishment Grants received 14 (705,937) (19,911) Current assets Debtors 12 82,724 Cash at bank and in hand 1,817,833 Total current assets 1,900,557 Creditors : Amounts due within one year 13 (764,066) Net Current Assets 1,136,491 Total assets less current liabilities £ 1,116,580 The funds of the charity : Unrestricted income funds 1,030,438 Restricted income funds Restricted revenue accumulated funds 86,142 Total charity funds £ 1,116,580 |
31st 33,390 1,273,079 1,306,469 (724,227) £ £ |
March 2022 £ 689,404 (620,271) |
|---|---|---|
| 69,133 582,242 651,375 565,233 86,142 651,375 |
These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companeis Act 2006 and are for the circulation to members of the company.
The notes on pages 11 to 17 form an integral part of these accounts.
Ewa Pawliczko Approved by the trustees on 26 April 2024
10
High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2023
1 Accounting policies
Basis of preparation of the accounts
The financial statements have been prepared under the historical cost convention and on a going concern basis, which is dependent upon the availability of adequate continued funding. The nature of the charity’s funding is inherently uncertain as it is only agreed by the funding bodies every one to three years. Should grant funding be discontinued in future years, the charity would have to find other sources of funding, or significantly curtail its activities.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16/7/14, The Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. Assets and liabilities are intially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Change in basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
Incoming Resources
Incoming resources are included in the SOFA when the charity becomes entitled to the resources, the Trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient certainty.
Where incoming resources have related expenditure (as with fundraising for contract income), the incoming resources and related expenditure are stated gross in the SOFA. Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the funds. The value of any volunteer help received is not included in the accounts, but is described in the Trustee’s annual report. Investment income is included when receivable
Resources Expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Resources expended include attributable VAT which cannot be recovered.
Resources expended comprise the following;
Charitable expenditure
Costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries.
Support costs
Include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources e.g.Staff costs by the time spent and other costs by their usage
Governance costs
Include costs on the preparation and examination of statutory accounts, the costs of Trustee
Restricted and Unrestricted Funds
The accounts distinguish between restricted and unrestricted funds. Restricted funds are received from donors and are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no externally imposed restrictions and are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Tangible Fixed Assets, Depreciation and Amortisation
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a reducing balance basis at an annual rate of 25%. The refurbishment of the property (net of capital grants received) is written off over the remaining lease period after the premises were re-occupied.
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High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2023
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
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.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount diue to settle the obligation can be measured ore estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Legal status of the Trust
The trust is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1.
Funds belonging to the charity have not been used for the purchase of insurance to protect the charity from loss arising from the neglect or defaults of its trustees,employees or agents, or to indemnify its trustees,employees or agents, against the consequences of any neglect or default on their part.
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High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2023
2 Investment Income
| 2 | Investment Income | 2023 | 2022 | ||
| £ | £ | ||||
| Bank deposit interest received | 3,007 | 91 | |||
| 3 | Voluntary Income - Grants, Contracts for and Donations | (excluding Partnerships) | |||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Cross Service | |||||
| Berkeley Charitable Foundation - Resilience Fund | 903 | 17,166 | 18,069 | - | |
| City Bridge Trust - Cost of Living | 4,280 | 4,280 | - | ||
| Guy's and St Thomas' Charity - Impact on Urban Health | 9,234 | 175,449 | 184,683 | 152,351 | |
| Henry Smith Charity - Learner Support | 1,905 | 36,195 | 38,100 | - | |
| Power to Change Trust | 7,000 | 7,000 | - | ||
| Lambeth Council - Warm Spaces | 1,000 | 1,000 | - | ||
| Walcot Foundation Cost of living | 5,000 | 5,000 | - | ||
| Tudor Trust | 2,250 | 42,750 | 45,000 | 33,000 | |
| Lambeth Council - Vaccine Hesitancy | - | - | - | 20,000 | |
| Children, Young People and Families | - | ||||
| Lambeth - Youth and Play Commissioning | 73,876 | 73,876 | 81,334 | ||
| BBC Children in Need | 2,979 | 56,596 | 59,575 | 42,133 | |
| Lambeth - Youth & Play Holiday Programmes | 34,704 | 34,704 | - | ||
| Berkeley Charitable Foundation | - | - | 24,356 | ||
| Small Grants & Contract (less than £10k) | 756 | 14,368 | 15,124 | 10,358 | |
| Education and Training | |||||
| City Bridge Trust | 2,667 | 50,683 | 53,350 | 31,650 | |
| Lambeth Council - Adult Learning | 363,346 | - | 363,346 | 240,604 | |
| Lambeth Council - Public Health | 10,000 | 10,000 | |||
| Lambeth Council - Housing | 36,626 | - | 36,626 | 36,894 | |
| Employment and Careers | |||||
| Berkeley Charitable Foundation | - | - | - | 2,000 | |
| GLA - Advice in Community Settings | 29,031 | 29,031 | |||
| Henry Smith Charity | 1,729 | 32,855 | 34,584 | 56,000 | |
| John Lewis | - | - | - | 13,000 | |
| Postcode Lottery | - | - | - | 6,500 | |
| Lambeth Council - Youth Hubs | 38,957 | - | 38,957 | 49,050 | |
| Walcot Foundation | 21,313 | 24,945 | 46,258 | 44,595 | |
| Small Grants & Contract (less than £10k) | 9,459 | 9,459 | 9,654 | ||
| Community Action | |||||
| Trust for London | 3,000 | 57,000 | 60,000 | 61,250 | |
| Walcot Foundation | - | 10,000 | 10,000 | ||
| Covid 19 | |||||
| Barclays | - | - | - | 25,000 | |
| National Lottery Community Fund - Covid response | - | - | - | 8,326 | |
| Core | 14,345 | - | 14,345 | ||
| Individual Donations/Fundraising | 295 | - | 295 | 537 | |
| 674,655 | 518,007 | 1,192,662 | 948,592 |
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High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2023
4 Voluntary Income - Partnership Funding
High Trees play the role of lead partner in several of our active partnerships, and some of the money received from funders is then paid out directly to our partner organisations. Of the £1,223,138 received in 2022 – 2023, £619,673 was paid out directly to partner organisations and a further £353,961 was spent on co-ordinating the partnerships (including employing staff to work across the partnership organisations, High Trees staff co-ordinating the partnerships, joint training of staff, monitoring and evaluation of the partnerships delivery and capacity building support for smaller partnership organisations). The balance of this funding - £249,504 - was spent on our own charitable activities directly funded by the partnership grants received.
| Partnership Funding Building Young Brixton Greater London Authority Esmee Fairbairn Foundation National Lottery Community Fund City Bridge Trust Place for All National Lottery Community Fund Lambeth Peer Action Collective Youth Endowment Fund Charitable Trust Young Tulse Hill Greater London Authority - Violence Reduction Unit Lambeth Hubs Lambeth Council UK Research and Innovation (UKRI) Total Voluntary Income |
Unrestricted Restricted Total Total Funds Funds 2023 2022 £ £ £ £ 377,316 - 377,316 217,637 - 90,123 90,123 30,041 - 317,469 317,469 311,021 106,000 106,000 47,750 - 46,696 46,696 155,669 - 198,329 198,329 223,779 62,068 - 62,068 66,100 - 19,315 19,315 - - 5,822 5,822 - 439,384 783,754 1,223,138 1,051,997 1,114,039 1,301,761 2,415,800 2,000,589 |
|---|---|
High Trees grant funding works on a full cost recovery model, which is written into all grant application as our overhead costs and equates to approximately 10% of grant budgets. From this allocation High Trees aims to designate half (5% of each grant) to build up organisational reserves, where full cost recovery allows us to do so.
| 5 Income from Charitable Activities Rental Income Paid for Courses Other Income |
Unrestricted Restricted Total Total Funds Funds 2023 2022 £ £ £ £ 31,102 - 31,102 13,635 5,720 - 5,720 13,100 3,001 - 3,001 15,037 39,823 - 39,823 41,772 |
|---|---|
| 6 Income from Capital grants Received in the year |
85,666 620,271 85,666 620,271 |
|---|---|
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High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2023
7 Analysis of Resources Expended
| 7 | Analysis of Resources Expended | |||
|---|---|---|---|---|
| Total | Total | |||
| Funds | Funds | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Staff costs (Project and delivery) | ||||
| - Payroll costs | 1,094,055 | 847,685 | ||
| - Tutor and training costs, staff development and other Misc staff costs | 149,696 | 117,145 | ||
| Other delivery costs | 641,432 | 643,249 | ||
| Building costs including repairs and running costs | 64,199 | 28,575 | ||
| IT, telephones and equipment | 21,290 | 23,412 | ||
| Publicity and communications | - | 5,310 | ||
| Awarding bodies, Professional fees,Memberships and subscriptions | 10,807 | 4,090 | ||
| Depreciation | 3,378 | 1,170 | ||
| Sundry Overheads | 5,055 | 26,528 | ||
| Interest on Social Impact Loan | - | 3,431 | ||
| Trustee and governance costs | 13 | 868 | ||
| Audit fee | 3,500 | 3,974 | ||
| Sub-total | 1,993,425 | 1,705,437 | ||
| Grants allocated to Refurbishment | 85,666 | 620,271 | ||
| 2,079,091 | 2,325,708 | |||
| 8 | Analysis of project costs, governance and other support costs | |||
| Basis of | Charitable Fundraising | Governance | ||
| apportionment | activities function |
function | Total | |
| Service and Running Costs I Allocated on time |
£ £ 1,215,751 28,000 |
£ - |
£ 1,243,751 |
|
| Other delivery costs Pro rata to staff full- |
746,161 - |
- | 746,161 | |
| time equivalents | ||||
| Statutory audit fees Governance |
- - |
3,500 | 3,500 | |
| Trustee and governance costs | - - |
13 | 13 | |
| 1,961,912 28,000 |
3,513 | 1,993,425 |
| 9 Analysis of staff costs and trustee remuneration and expenses Delivery and Running costs - Staffing Tutor and trainer costs Staff development and other Misc. staff costs £ Numbers of full time employees or full time equivalents Engaged on charitable activities |
2023 2022 £ £ 1,094,055 770,260 98,939 86,188 50,757 30,957 1,243,751 964,830 2023 2022 25 25 |
|---|---|
There were 2 employees with emoluments in excess of £60,000 per annum (2022: nil) Pension costs are allocated to activities in proportion to the related staffing costs incurred.
The charity trustees were not paid or received any benefits from employment with the Trust in the year (2022: £nil) They were reimbursed expenses of £Nil during the year (2022: £Nil) No charity trustee received payment for professional or other services supplied to the charity (2022: £Nil).
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High Trees Community Development Trust Notes to the Accounts for the year ended 31 August 2023
10 Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
11 Tangible fixed assets
| Leasehold | |||||
|---|---|---|---|---|---|
| Improveme | Office | ||||
| nts | Equipment | Total | |||
| £ | |||||
| Asset cost, valuation or revalued amount | |||||
| At 1 September 2022 | 685,894 | 4,680 | 690,574 | ||
| Additions in the year | - | - | - | ||
| At 31 August 2023 | 685,894 | 4,680 | 690,574 | ||
| Accumulated depreciation and impairment provisions | |||||
| At 1 September 2022 | - | 1,170 | 1,170 | ||
| Depreciation charge for the year | 2,500 | 878 | 3,378 | ||
| At 31 August 2023 | 2,500 | 2,048 | 4,548 | ||
| Net book value | |||||
| At 31 August 2023 | £ | 683,394 | 2,632 | 686,026 | |
| At 31 August 2022 | £ | 685,894 | 3,510 | 689,404 | |
| **12 ** | Debtors | 2023 £ |
2022 £ |
||
| Trade debtors | £ | 82,724 | 33,390 | ||
| **13 ** | Creditors: Amounts falling due within one year | 2023 | 2022 | ||
| Other creditors and accruals | £ 52,561 |
£ 5,000 |
|||
| Taxation and social security | 22,239 | 29,616 | |||
| Deferred income/grants in advance | 689,266 | 689,611 | |||
| £ | 764,066 | 724,227 | |||
| **14 ** | Refurbishment Grants received | 2023 £ |
2022 £ |
||
| At 1 September 2022 | 620,271 | - | |||
| Received in the year | 85,666 | 620,271 | |||
| At 31 August 2023 | £ | 705,937 | 620,271 |
16
High Trees Community Development Trust Notes to the Accounts
for the year ended 31 August 2023
15 Analsyis of net assets between funds
| Tangible fixed assets Less : Refurbishment Grants received Cash at bank and in hand Other current assets Other current liabilities Total |
General Restricted Funds Funds Total £ £ £ - 686,026 686,026 (705,937) (705,937) 947,714 870,119 1,817,833 82,724 - 82,724 - (764,066) (764,066) 1,030,438 86,142 1,116,580 |
|---|---|
16 Capital commitments and related party transactions
The company had capital commitments of £Nil as at 31 August 2023 (2022; 33,940). There were no related party transactions during the year (2022; None)
17 Post-balance sheet events
There were no events after the date of the balance sheet that the Trustees consider should be disclosed in these accounts.
17