The Abbey Access Centre
Company Limited by Guarantee Unaudited financial statements
31 March 2023
Company Registration Number 03783671
The Abbey Access Centre
Company Limited by Guarantee
Financial statements
Year ended 31 March 2023
| Pages | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 to 5 |
| Independent examiner's report to the trustees | 6 to 7 |
| Statement of financial activities (including income and | |
| expenditure account) | 8 |
| Statement of financial position | 9 to 10 |
| Statement of cash flows | 11 |
| Notes to the financial statements | 12 to 21 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 23 to 24 |
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The Abbey Access Centre
Company Limited by Guarantee
Trustees' annual report (incorporating the director's report)
Year ended 31 March 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name The Abbey Access Centre Charity registration number 1079642 Company registration number 03783671 Principal office and registered The Abbey Access Centre office Arboretum Lodge Monks Road Lincoln LN2 5HU The trustees F Smith S Donnor M J Holliday N K Pettit H F F Kok J Loffhagen (Appointed 13 June 2022) Company secretary G Dunn Independent examiner Tom Darby FCCA 7 Spring Gardens Gainsborough
Structure, governance and management
Governing document
The Abbey Access Centre is a company limited by guarantee governed by its Memorandum and Articles of Association dated 7 June 1999. It is a registered charity with the Charity Commission. Anyone over the age of 18 can become a member of the Company and there are currently 14 members of the organisation.
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The Abbey Access Centre
Company Limited by Guarantee
Trustees' annual report (incorporating the director's report) (continued)
Year ended 31 March 2023
Structure, governance and management (continued)
Recruitment and appointment of Trustees
As set out in the Articles of Association no person can be appointed a trustee unless he has attained the age of 18 years or in circumstances such that had he already been a Trustee, he would have been disqualified from acting under the provisions of Article 38. The Trustees may appoint a person who will act to be a Trustee either to fill a vacancy or as an additional Trustee provided that the appointment does not cause the Trustees to exceed 10. The number of Trustees at any one time must not be less than 3.
Not less than 7, but no more than 28, clear days before the date appointed for holding a general meeting notice shall be given to all persons who are entitled to receive a notice of the meeting or any person who is recommended by the Trustees for appointment or reappointment. When considering a Trustee the Board gives regard to the requirements of specialist skills necessary for the development and sustainability of The Abbey Access Centre.
Trustee induction and Training
All new Trustees undergo a training day delivered by an external consultant to brief them on their legal obligations under charity and company law, the Charity Commission guidance on public benefit. the content of the Memorandum and Articles of Association, the committee and the decision-making process, the business plan and recent financial performance. During the induction day they will meet key employees and other Trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Risk Management
The Trustees have examined the major strategic, business and operational risks, which the charity faces and confirm that systems have been established in order to lessen these risks.
The Trustees monitor the progress and financial situation at their regular meetings. Within these meetings they:
-
Review the risks the charity may face;
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Consider systems and procedures to mitigate these risks; and
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Consider procedures to minimise any potential impact on the charity should any of these risks materialise.
The charity continues to work closely with an external consultant to assist in seeking additional revenue funding and successful tendering of projects in order to continue generating funds and thereby reduce the business and operational risks the charity faces.
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The Abbey Access Centre
Company Limited by Guarantee
Trustees' annual report (incorporating the director's report) (continued)
Year ended 31 March 2023
Structure, governance and management (continued)
Organisation
The Board meets quarterly and a Chair is appointed by the Trustees to manage the day-to-day operations of the Charity. To facilitate effective operations the Chair has delegated authority within terms of delegation approved by the Trustees, for operational matters including finance, employment and related activity.
The Charity is organised so that the Trustees meet regularly to manage its affairs. There is a manager who manages the day-to-day administration of the Centre and we are grateful to unpaid volunteers who provide their time to help with the running of The Abbey Access Centre.
Objectives and activities
The Abbey Access Centre's aims are to advance education by:
1) Promoting the training and rehabilitation of persons resident within the area of Abbey Ward of the City of Lincoln who by reason of their social and economic circumstances are unable to gain employment;
2) Providing formal or informal education and otherwise to relieve any hardship or distress of those in need through their social and economic circumstances;
3) to promote such other charitable purposes for the general benefit of the public as the charity shall think fit.
In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commissions guidance on public benefit, in particular the Trustees consider how specific projects will contribute to their objectives.
The charity continues to provide free services to the local community, which include training to help to get the local community into employment, education or other training programmes. Through this work the Trustees aim to further the charitable purposes for the public benefit.
Achievements and performance
There have been a range of key projects undertaken throughout the year:
CLIP/ Career Net
CLIP has provided funding for the Career Net project. This project supported 16-24 year olds to develop skills, qualifications and improve their opportunities to progress into employment, education or training. This contract ended in March 2023. Clip has also provided a small amount of funding for 1618 year olds under the Flare Study Programme project.
Building Better Opportunities (BBO)
The Centre has held 2 BBO Contracts via Voluntary Centre Services and Grantham College. These projects support those furthest from the Labour market to progress in their skills, qualifications, work experience and progress into employment. Both contracts came to an end in 2023.
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The Abbey Access Centre
Company Limited by Guarantee
Trustees' annual report (incorporating the director's report) (continued)
Year ended 31 March 2023
Achievements and performance (continued)
People plus - Skills for the Unemployed
The Centre has held this contract since 2017. PeoplePlus has provided funding under the stream of Skills for the Unemployed (SSU). Learners undertake a programme of support to help them get back into employment. Learners have studied Construction, Catering and general employability studies. This contract ended in March 2023.
Lincolnshire County Council funded the Community Learning Programme and some qualification funding. The community learning funding provided training to those unemployed to access our Get into Construction Programme. The qualification funding provided support for individuals who were unemployed or in employment and wanting to upskill themselves and achieve an NVQ in Customer Service, Business Administration, Food Preparation or Advice and Guidance. We also received additional funding for English an d Maths programmes, Money Matters, Reading Club and Barista Training. Lincolnshire County Council have also supported us with a Traineeship contract for those 1924.
Lincolnshire County Council Multiply contact has funded bespoke maths activities for learners. We have delivered Cooking on a budget and Airfryer/ Slow Cooker courses under this funding over the last year.
Lottery Funding- Awards for All
The Awards for All funding specifically supported the engagement of a Counsellor to support learners and staff having mental health difficulties. This funding is restricted in terms of its expenditure.
Youth Futures Foundation
A project to improve the Pathway into Construction was won and delivery began in August 2021. The contract is for 2 years. This funds learners to go through a staged progression into the Construction industry. This contract is due to end in October 2023.
Better Together Project
The Centre has secured a joint Lottery bid to fund the Better Together Project which is focused on individuals overcoming barriers in Mental Health and moving forward with their lives.
Enable
Enable have provided the centre with 2 funding streams - AEB and Traineeships for 16-18. This has enabled us to support 16-18 year olds in the NEET group to gain skills and qualifications and 70 hours of work experience, along with improved maths and English.
Community Renewal Fund
The CRF project has been a large project that we have managed across 9 partners. Abbey Access Training was the lead partner and manager of the project. The Centre received funding to support 50 learners to achieve an NVQ in Construction and 50 to gain and NVQ in Bakery. In addition, we have supported 40 individuals with an introduction to Heritage skills and training. A management fee for managing the project has provided additional income for the Centre this year. This contract ended in December 2022.
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The Abbey Access Centre
Company Limited by Guarantee
Trustees' annual report (incorporating the director's report) (continued)
Year ended 31 March 2023
Achievements and performance (continued)
Lincs Community Foundation
Lincolnshire Community Foundation provided additional funding for us to pay for the onsite counsellor and also to provide funding to help us feed the elderly and feed the children at the local school. This was due to the school running out of funding.
BNA
The BNA charity have provided us with funding to buy bakery equipment for the delivery of our new Bakery training course.
CITB
The Construction Industry Training Board has provided us with a 3 year contract to fund the mentoring of our construction learners in the workplace. It has allowed us to provide ongoing support in the workplace for up to 6 months.
Financial review
Investment powers
As per the Articles of Association, the Trustees are empowered to invest such part of the fund as they may see fit in furtherance of the objectives of the charity. During the year no such investments were made.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level, which equates to a minimum of approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administration support costs. Unrestricted funds were maintained at this level throughout the year.
Plans for future periods
Funding for 2023/2024
Our Lincolnshire County Council Community Learning funding has been increased this year to help us overcome some of the funding we have lost as ESF funding came to an end, Multiply funding and Qualification funding, Better Together contract, a grant from Lincolnshire Community Foundation, Youth Futures Foundation, CITB, Community Renewal Funding, Enable AEB and Traineeship funding, Commercial NVQ's for external employers and Awards for All. In addition, we have a healthy income from our Cafe and Commercial Short Course delivery.
Small company provisions
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' annual report was approved on 20 December 2023 and signed on behalf of the board of trustees by:
G Dunn Charity Secretary
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The Abbey Access Centre
Company Limited by Guarantee
Independent examiner's report to the trustees of The Abbey Access Centre
Year ended 31 March 2023
I report to the trustees on my examination of the financial statements of The Abbey Access Centre ('the charity') for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 charity’s accounts as 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
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements 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
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the financial statements 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).
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The Abbey Access Centre
Company Limited by Guarantee
Independent examiner's report to the trustees of The Abbey Access Centre
(continued)
Year ended 31 March 2023
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.
Tom Darby FCCA Independent Examiner 7 Spring Gardens Gainsborough
20 December 2023
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The Abbey Access Centre
Company Limited by Guarantee
Statement of financial activities (including income and expenditure account)
Year ended 31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 13,184 | – | 13,184 | 1,144 |
| Charitable activities | 5 | 255,887 | 582,239 | 838,126 | 857,119 |
| Other trading activities | 6 | 87,757 | – | 87,757 | 76,477 |
| Investment income | 7 | 62 | – | 62 | 3 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 356,890 | 582,239 | 939,129 | 934,743 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of other trading activities | 8 | 72,940 | – | 72,940 | 52,208 |
| Expenditure on charitable activities | 9,10 | 338,757 | 524,837 | 863,594 | 796,241 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 411,697 | 524,837 | 936,534 | 848,449 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income and net movement in | funds | (54,807) | 57,402 | 2,595 | 86,294 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 236,825 | 14,882 | 251,707 | 165,413 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 182,018 | 72,284 | 254,302 | 251,707 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 12 to 21 form part of these financial statements.
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The Abbey Access Centre
Company Limited by Guarantee
Statement of financial position
31 March 2023
| 2022 | ||||
|---|---|---|---|---|
| Note | £ | £ | ||
| Fixed assets | ||||
| Tangible fixed assets | 15 | 95,510 | 91,749 | |
| Current assets | ||||
| Stocks | 16 | 4,215 | 2,308 | |
| Debtors | 17 | 64,736 | 16,539 | |
| Cash at bank and in hand | 140,200 | 203,708 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 209,151 | 222,555 | |||
| Creditors: amounts falling due within one year | 18 | 22,205 | 24,935 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Net current assets | 186,946 | 197,620 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Total assets less current liabilities | 282,456 | 289,369 | ||
| Creditors: amounts falling due after more than | ||||
| one year | 19 | 28,154 | 37,662 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Net assets | 254,302 | 251,707 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Funds of the charity | ||||
| Restricted funds | 72,284 | 14,882 | ||
| Unrestricted funds | 182,018 | 236,825 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Total charity funds | 21 | 254,302 | 251,707 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page. The notes on pages 12 to 21 form part of these financial statements.
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The Abbey Access Centre
Company Limited by Guarantee
Statement of financial position (continued)
31 March 2023
These financial statements were approved by the board of trustees and authorised for issue on 20 December 2023, and are signed on behalf of the board by:
F Smith Trustee
The notes on pages 12 to 21 form part of these financial statements.
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The Abbey Access Centre
Company Limited by Guarantee
Statement of cash flows
Year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 2,595 | 86,294 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 14,018 | 12,857 |
| Dividends, interest and rents from investments | (62) | (3) |
| Interest payable and similar charges | 2,040 | 2,054 |
| Accrued expenses | 216 | 264 |
| Changes in: | ||
| Stocks | (1,907) | (1,082) |
| Trade and other debtors | (48,197) | 75,393 |
| Trade and other creditors | (2,946) | 1,426 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Cash generated from operations | (34,243) | 177,203 |
| Interest paid | (2,040) | (2,054) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net cash (used in)/from operating activities | (36,283) | 175,149 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Cash flows from investing activities | ||
| Dividends, interest and rents from investments | 62 | 3 |
| Purchase of tangible assets | (17,779) | (36,668) |
| Proceeds from sale of tangible assets | – | 649 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net cash used in investing activities | (17,717) | (36,016) |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Cash flows from financing activities | ||
| Proceeds from borrowings | (9,508) | (2,337) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net cash used in financing activities | (9,508) | (2,337) |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Net (decrease)/increase in cash and cash equivalents | (63,508) | 136,796 |
| Cash and cash equivalents at beginning of year | 203,708 | 66,912 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Cash and cash equivalents at end of year | 140,200 | 203,708 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The notes on pages 12 to 21 form part of these financial statements.
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The Abbey Access Centre
Company Limited by Guarantee
Notes to the financial statements
Year ended 31 March 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Abbey Access Centre, Arboretum Lodge, Monks Road, Lincoln, LN2 5HU.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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The Abbey Access Centre
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
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The Abbey Access Centre
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property improvements - 2% straight line Fixtures and fittings - 15% & 25% reducing balance Equipment - 25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
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The Abbey Access Centre
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2023
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 13,184 | 13,184 | 1,144 | 1,144 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
5. Charitable activities
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Course fee income | 25,621 | – | 25,621 |
| Room hire | 145 | – | 145 |
| Awards for all | – | 9,980 | 9,980 |
| CLIP | 93,589 | – | 93,589 |
| DWP Kickstart | – | 29,005 | 29,005 |
| Enable | – | 21,431 | 21,431 |
| Youth Futures Foundation | – | 201,600 | 201,600 |
| Better Together Project | – | 25,454 | 25,454 |
| PeoplePlus | 40,124 | – | 40,124 |
| BBO | 73,251 | – | 73,251 |
| Community Renewal Fund | – | 80,855 | 80,855 |
| Lincolnshire County Council | – | 155,414 | 155,414 |
| Traineeship grant | – | – | – |
| CITB | 12,315 | – | 12,315 |
| Lincs Community Foundation | 7,150 | – | 7,150 |
| BNA | – | 58,500 | 58,500 |
| LPFT | – | – | – |
| BGU | – | – | – |
| Miscellaneous | 3,692 | – | 3,692 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 255,887 | 582,239 | 838,126 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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The Abbey Access Centre
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2023
5. Charitable activities (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Course fee income | 8,350 | – | 8,350 | ||
| Room hire | – | – | – | ||
| Awards for all | – | 9,980 | 9,980 | ||
| CLIP | 65,084 | – | 65,084 | ||
| DWP Kickstart | – | 142,769 | 142,769 | ||
| Enable | – | 6,873 | 6,873 | ||
| Youth Futures Foundation | – | 158,000 | 158,000 | ||
| Better Together Project | – | 26,463 | 26,463 | ||
| PeoplePlus | 122,439 | – | 122,439 | ||
| BBO | 78,312 | – | 78,312 | ||
| Community Renewal Fund | – | 138,753 | 138,753 | ||
| Lincolnshire County Council | – | 74,778 | 74,778 | ||
| Traineeship grant | 10,000 | – | 10,000 | ||
| CITB | – | – | – | ||
| Lincs Community Foundation | – | – | – | ||
| BNA | – | – | – | ||
| LPFT | 7,490 | – | 7,490 | ||
| BGU | 6,385 | – | 6,385 | ||
| Miscellaneous | 1,443 | – | 1,443 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 299,503 | 557,616 | 857,119 | |||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| 6. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Cafe | 87,757 | 87,757 | 76,477 | 76,477 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Income from cash investments | 62 | 62 | 3 | 3 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ||
| 8. | Costs of other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Primary purpose trading - cafe costs | 72,940 | 72,940 | 52,208 | 52,208 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 17 -
The Abbey Access Centre
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2023
9. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Educational Community | 334,653 | 524,837 | 859,490 |
| Support costs | 4,104 | – | 4,104 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 338,757 | 524,837 | 863,594 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Educational Community | 208,225 | 584,218 | 792,443 |
| Support costs | 3,798 | – | 3,798 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 212,023 | 584,218 | 796,241 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
10. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Educational Community | 859,490 | – | 859,490 | 792,443 |
| Governance costs | – | 4,104 | 4,104 | 3,798 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 859,490 | 4,104 | 863,594 | 796,241 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
11. Funds received as agent
During the year the charity received the following amounts as an agent acting on behalf of other entities:
| Balance | Balance | |||
|---|---|---|---|---|
| held at 1 | Amount | Amount paid | held at 31 | |
| April 2022 | received | out | March 2023 | |
| £ | £ | £ | £ | |
| Community Renewal Fund | 48,750 | 95,411 | 143,621 | – |
| DWP Kickstart | – | 19,511 | 19,511 | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄ | |
| Total | 48,750 | 114,922 | 163,132 | – |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | |
| Balance | Balance | |||
| held at 1 | Amount | Amount paid | held at 31 | |
| April 2021 | received | out | March 2022 | |
| £ | £ | £ | £ | |
| Community Renewal Fund | – | 387,352 | 338,602 | 48,750 |
| DWP Kickstart | – | 54,967 | 54,967 | – |
| ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Total | – | 442,319 | 393,569 | 48,750 |
| ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 18 -
The Abbey Access Centre
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2023
12. Net income
Net income is stated after charging/(crediting):
Depreciation of tangible fixed assets
| 2023 | 2022 |
|---|---|
| £ | £ |
| 14,018 | 12,857 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
13. Staff costs
The average number of persons employed by the charity during the year amounted to 26 (2022: 32).
The average number of full-time equivalent employees during the year is analysed as follows:
| 2023 | 2022 | |
|---|---|---|
| No | No | |
| Direct charitable employees | 26 | 32 |
| ৶৶৶৶ | ৶৶৶৶ | |
| The total staff costs and employee benefits for the reporting period are analysed as | follows: | |
| 2023 | 2022 | |
| £ | £ | |
| Wages and salaries | 475,604 | 470,358 |
| Social security costs | 30,414 | 25,789 |
| Employer contributions to pension plans | 8,039 | 6,924 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 514,057 | 503,071 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees
15. Tangible fixed assets
| Land and | Fixtures and | |||
|---|---|---|---|---|
| buildings | fittings | Equipment | Total | |
| Cost | ||||
| At 1 April 2022 | 50,517 | 44,923 | 31,713 | 127,153 |
| Additions | 688 | 12,058 | 5,033 | 17,779 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| At 31 March 2023 | 51,205 | 56,981 | 36,746 | 144,932 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Depreciation | ||||
| At 1 April 2022 | 3,932 | 20,882 | 10,590 | 35,404 |
| Charge for the year | 1,016 | 4,722 | 8,280 | 14,018 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| At 31 March 2023 | 4,948 | 25,604 | 18,870 | 49,422 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Carrying amount | ||||
| At 31 March 2023 | 46,257 | 31,377 | 17,876 | 95,510 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At 31 March 2022 | 46,585 | 24,041 | 21,123 | 91,749 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
- 19 -
The Abbey Access Centre
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2023
16. Stocks
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Raw materials and consumables | 4,215 | 2,308 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 17. | Debtors | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Other debtors | 64,736 | 16,539 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 18. | Creditors: amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Bank loans and overdrafts | 10,001 | 10,001 | |
| Accruals and deferred income | 2,460 | 2,244 | |
| Social security and other taxes | 9,202 | 8,583 | |
| Other creditors | 542 | 4,107 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 22,205 | 24,935 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 19. | Creditors: amounts falling due after more than one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Bank loans and overdrafts | 28,154 | 37,662 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
20. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in profit or loss as an expense in relation to defined contribution plans was £8,039 (2022: £6,924).
- 20 -
The Abbey Access Centre
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2023
21. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At 31 | |||
| 1 April 2022 | Income | Expenditure | March 2023 | |
| £ | £ | £ | £ | |
| General funds | 236,825 | 356,890 | (411,697) | 182,018 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At | At 31 | |||
| 1 April 2021 | Income | Expenditure | March 2022 | |
| £ | £ | £ | £ | |
| General funds | 123,929 | 377,127 | (264,231) | 236,825 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Restricted funds | ||||
| At | At 31 | |||
| 1 April 2022 | Income | Expenditure | March 2023 | |
| £ | £ | £ | £ | |
| Enable, LCC and YMCA Community | ||||
| Learning | – | 176,845 | (176,845) | – |
| Cafe improvements and equipment | 14,882 | – | (1,098) | 13,784 |
| Awards for all | – | 9,980 | (9,980) | – |
| John Dawber Trust | – | – | – | – |
| DWP Kickstart | – | 29,005 | (29,005) | – |
| Youth Futures Foundation | – | 201,600 | (201,600) | – |
| Better Together Project | – | 25,454 | (25,454) | – |
| Community Renewal Fund | – | 80,855 | (80,855) | – |
| BNA | – | 58,500 | – | 58,500 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 14,882 | 582,239 | (524,837) | 72,284 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| At | At 31 | |||
| 1 April 2021 | Income | Expenditure | March 2022 | |
| £ | £ | £ | £ | |
| Enable, LCC and YMCA Community | ||||
| Learning | – | 81,711 | (81,711) | – |
| Cafe improvements and equipment | 16,104 | – | (1,222) | 14,882 |
| Awards for all | – | 9,980 | (9,980) | – |
| John Dawber Trust | 3,000 | – | (3,000) | – |
| DWP Kickstart | 22,380 | 142,769 | (165,149) | – |
| Youth Futures Foundation | – | 158,000 | (158,000) | – |
| Better Together Project | – | 26,403 | (26,403) | – |
| Community Renewal Fund | – | 138,753 | (138,753) | – |
| BNA | – | – | – | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 41,484 | 557,616 | (584,218) | 14,882 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 21 -
The Abbey Access Centre
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2023
22. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 81,726 | 13,784 | 95,510 |
| Current assets | 150,651 | 58,500 | 209,151 |
| Creditors less than 1 year | (22,205) | – | (22,205) |
| Creditors greater than 1 year | (28,154) | – | (28,154) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 182,018 | 72,284 | 254,302 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 76,866 | 14,882 | 91,748 |
| Current assets | 222,555 | – | 222,555 |
| Creditors less than 1 year | (24,934) | – | (24,934) |
| Creditors greater than 1 year | (37,662) | – | (37,662) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 236,825 | 14,882 | 251,707 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Analysis of changes in net debt | |||
| At | |||
| At 1 Apr 2022 | Cash flows | 31 Mar 2023 | |
| £ | £ | £ | |
| Cash at bank and in hand | 203,708 | (63,508) | 140,200 |
| Debt due within one year | (10,001) | – | (10,001) |
| Debt due after one year | (37,662) | 9,508 | (28,154) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 156,045 | (54,000) | 102,045 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
23. Analysis of changes in net debt
- 22 -
The Abbey Access Centre
Company Limited by Guarantee
Management information Year ended 31 March 2023
The following pages do not form part of the financial statements.
- 23 -
The Abbey Access Centre
Company Limited by Guarantee
Detailed statement of financial activities
Year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 13,184 | 1,144 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Charitable activities | ||
| Course fee income | 25,621 | 8,350 |
| Room hire | 145 | – |
| Awards for all | 9,980 | 9,980 |
| CLIP | 93,589 | 65,084 |
| DWP Kickstart | 29,005 | 142,769 |
| Enable | 21,431 | 6,873 |
| Youth Futures Foundation | 201,600 | 158,000 |
| Better Together Project | 25,454 | 26,463 |
| PeoplePlus | 40,124 | 122,439 |
| BBO | 73,251 | 78,312 |
| Community Renewal Fund | 80,855 | 138,753 |
| Lincolnshire County Council | 155,414 | 74,778 |
| Traineeship grant | – | 10,000 |
| CITB | 12,315 | – |
| Lincs Community Foundation | 7,150 | – |
| BNA | 58,500 | – |
| LPFT | – | 7,490 |
| BGU | – | 6,385 |
| Miscellaneous | 3,692 | 1,443 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 838,126 | 857,119 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Other trading activities | ||
| Cafe | 87,757 | 76,477 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Investment income | ||
| Income from cash investments | 62 | 3 |
| ৄৄৄৄ | ৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total income | 939,129 | 934,743 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
- 24 -
The Abbey Access Centre
Company Limited by Guarantee
Detailed statement of financial activities (continued)
Year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Costs of other trading activities | ||
| Opening stock | 2,308 | 1,226 |
| Café purchases | 74,847 | 53,290 |
| Closing stock | (4,215) | (2,308) |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 72,940 | 52,208 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | ||
| Wages and salaries | 475,604 | 470,358 |
| Employer's NIC | 30,414 | 25,789 |
| Pension costs | 8,039 | 6,924 |
| Rent | 15,465 | 15,145 |
| Rates and water | 59 | 579 |
| Light and heat | 10,461 | 7,061 |
| Repairs and servicing | 1,646 | 1,365 |
| Insurance | 4,628 | 3,676 |
| Cleaning | 3,347 | 2,065 |
| Volunteer expenses | – | 1,345 |
| Hire of equipment | 5,978 | 7,946 |
| Travel costs | 5,003 | 4,709 |
| Legal and professional fees | 41,598 | 37,880 |
| Accountancy fees | 4,104 | 3,798 |
| Telephone | 3,333 | 3,370 |
| Printing, postage and stationery | 9,890 | 8,030 |
| Management & administration fees | 61,000 | 58,400 |
| Interest on bank loans and overdrafts | 1,141 | 324 |
| Bank charges | 899 | 1,730 |
| Repairs and renewals | 8,820 | 22,884 |
| Advertising | 1,368 | – |
| Computer supplies | 11,085 | 11,831 |
| Subscriptions | 662 | 1,263 |
| General expenses | 1,887 | 2,819 |
| Refreshments | 924 | 225 |
| Training costs | 74,909 | 45,898 |
| Exam fees | 67,313 | 37,321 |
| Depreciation | 14,017 | 13,506 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 863,594 | 796,241 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total expenditure | 936,534 | 848,449 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net income | 2,595 | 86,294 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |