| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | I | to | 7 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ia | to | ii | |
| Cash Flow Statement | 12 | |||
| Notes to the Cash Flow Statement | 13 | |||
| Notes to the Financial | Statements | 14 | to | 21 |
| National lottery |
35,723 |
|---|---|
| Charitable grants |
32,721 |
| Public sector | 90,119 |
| Private sector | 80,970 |
| 31.3.23 | 31.3.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | 6 | |||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
170,549 | 68,444 | 238,993 | 896,751 | ||
| Investment income |
539 | 539 | 54 | |||
| Total | 171,088 | 68,444 | 239,532 | 896,805 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Salaries and Wages | 62,811 | 40,285 | 103,096 | 92,776 | ||
| Office Expenses | 109,845 | 42,882 | 152,727 | 141,851 | ||
| Loss on investment revaluation |
46,859 | 46,859 | ||||
| Total | 172,656 | 130,026 | 302,682 | 234,627 | ||
| NET INCOME/(EXPENDITURE) | (1,568) | (61,582) | (63,150) | 662,178 | ||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward | 216,674 | 932,768 | 1,149&442 | 487,264 | ||
| TOTAL FUNDS CARRIED FORWARD | 215,106 | 871,186 | 1,086,292 | 1,149,442 |
| 31ST | MARCH 2023 | ||||
|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | f, | ||||
| FIXEDASSETS | |||||
| Tangible assets | 10 | 30,169 | 30,169 | 21,990 | |
| Heritage assets | 11 | 305,044 | 305,044 | 305,044 | |
| 30,169 | 305,044 | 335,213 | 327,034 | ||
| CURRENT ASSETS | |||||
| Debtors | 12 | 79,602 | 79,602 | 133,913 | |
| Investments | 13 | 553,141 | 553,141 | 600,000 | |
| Cash at bank and in hand | 213,305 | 13,001 | 226,306 | 276,203 | |
| 292,907 | 566,142 | 859,049 | 1,010,116 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
14 | (22,128) | (22,128) | (84,690) | |
| NET CURRENT ASSETS | 270,779 | 566,142 | 836,921 | 925,426 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 300,948 | 871,186 | 1,172,134 | 1,252,460 | |
| ACCRUALS AND DEFERRED INCOME | 15 | (85,842) | (85,842) | (103,018) | |
| NET ASSETS | 215,106 | 871,186 | 1,086,292 | 1,149,442 | |
| FUNDS | 16 | ||||
| Unrestricted funds |
215,106 | 216,674 | |||
| Restricted funds | 871,186 | 932,768 | |||
| TOTAL FUNDS | 1,086,292 | 1,149,442 |
| ASH FLOW STATEMENT | |||||||
|---|---|---|---|---|---|---|---|
| FOR | THE YEAR ENDED 31STMAR | 2023 | |||||
| 31.3.23 | 31.3.22 | ||||||
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash generated &om operations |
I | (36,548) | 677,310 | ||||
| Net cash (used in)/provided | by operating | activities | (36,548) | 677,310 | |||
| Cash flows from investing | activities | ||||||
| Purchase oftangible fixed | assets | (14,163) | (11,075) | ||||
| Purchase ofheritage assets | (85,250) | ||||||
| Sale oftangible fixed assets | 275 | 773 | |||||
| Purchase ofother investments | (600,000) | ||||||
| Interest received | 539 | 54 | |||||
| Net cash used in investing | activities | (13,349) | (695,498) | ||||
| Change in cash and cash | eilutvalents | in | |||||
| the reporting period |
(49,897) | (18,188) | |||||
| Cash and cash equivalents | at the | ||||||
| beginning ofthe reportiug |
period | 276,203 | 294,391 | ||||
| Cash and cash equivalents | at the | end | of | ||||
| the reporting period |
226,306 | 276,203 |
| OPERATING ACT | IVITI | ES | ||||
|---|---|---|---|---|---|---|
| 31.3.23 | 31,3,22 | |||||
| Net (expenditure)/income | for the reporting | period (asper the | ||||
| Statement ofFinancial Activities) | (63,150) | 662,178 | ||||
| Adjustments for: |
||||||
| Depreciation charges |
5,708 | 4,222 | ||||
| Interest received | (539) | (54) | ||||
| Increase/(Decrease) | in group creditor | (59,253) | 35,850 | |||
| Decrease/(Increase) | in Investment | 46,859 | ||||
| Rounding difference |
2 | |||||
| Decrease in stocks | 732 | |||||
| Decrease in debtors | 54,311 | 1,590 | ||||
| Decrease in creditors | (20,486) | (27,208) | ||||
| Net cash (used in)/provided | by operations | (36,548) | 677,310 | |||
| ANALYSIS OF CHANGES IN NET FUNDS | ||||||
| At 1.4.22 | Cash flow | At31.3.23 | ||||
| Net cash | ||||||
| Cash at bank and in hand | 276,203 | (49,897) | 226,306 | |||
| 276,203 | (49,897) | 226,306 | ||||
| Liquid resources | ||||||
| Deposits included in |
cash | |||||
| Current asset investments | 600,000 | (46,859) | 553,141 | |||
| 600,000 | (46,859) | 553,141 | ||||
| Total | 876,203 | (96,756) | 779,447 |
| 31.3.23 | 31.3.22 | ||||||
|---|---|---|---|---|---|---|---|
| Donations | 507 | 687,567 | |||||
| Grants | 68,444 | 83,646 | |||||
| Rent charge | 4,731 | 11,024 | |||||
| Land management | 165,311 | 114,514 | |||||
| 238,993 | 896,751 | ||||||
| Grants received, | included | in the above, are as follows: | |||||
| 31.3.23 | 31.3.22 | ||||||
| WCVA | 32,721 | 19,917 | |||||
| Heritage Lottery | 35,723 | 19,372 | |||||
| Swire Charitable | Trust | 24,373 | |||||
| Postcode Community | Trust | 19,984 | |||||
| 68,444 | 83,646 | ||||||
| INVESTMENT | INCOME | ||||||
| 31.3.23 | 31.3.22 | ||||||
| Deposit account | interest | 539 | 54 | ||||
| CHARITABLE | ACTIVITIES COSTS | ||||||
| Support | |||||||
| Direct | costs (see | ||||||
| Costs | note 5) | Totals | |||||
| Salaries and Wages | 103,096 | 103,096 | |||||
| Office Expenses | 150,221 | 2,506 | 152,727 | ||||
| Loss on investment | revaluation | 46,859 | 46,859 | ||||
| 300,176 | 2,506 | 302,682 |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | ||||
| Wages and salaries | 93,736 | 80,626 | |||
| Social security costs | 6,124 | 7,496 | |||
| Other pension costs | 3,236 | 4,654 | |||
| 103,096 | 92,776 | ||||
| The average monthly | number ofemployees | during the year was as follows: | |||
| 31.3.23 | 31.3.22 | ||||
| Ofiice and management | 7 | 6 | |||
| No employees received emoluments |
in excess ofBi0,000. | ||||
| COMPARATIVES | FORTHE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 8 | 6 | 8 | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
126,905 | 769,846 | 896,751 | ||
| Investment income |
54 | 54 | |||
| Total | 126,959 | 769,846 | 896,805 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Salaries and Wages | 41,907 | 50,869 | 92,776 | ||
| Office Expenses | 61,459 | 80,392 | 141,851 | ||
| Total | 103,366 | 131,261 | 234,627 | ||
| NET INCOME | 23,593 | 638,585 | 662,178 |
| NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31STMARCH 2023 |
NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31STMARCH 2023 |
NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31STMARCH 2023 |
|||
|---|---|---|---|---|---|
| COMPARATIVES | FOR THE STATEMENT OFFINANCIAL ACTIVITIES - continued | ||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| I | 6 | I | |||
| RECONCILIATION OFFUNDS | |||||
| Total funds brought | forward | 193,081 | 294,183 | 487,264 | |
| TOTAL FUNDS CARRIED FORWARD | 216,674 | 932,768 | 1,149,442 | ||
| 10. | TANGIBLE FIXEDASSETS | ||||
| Improvements | Fixtures | ||||
| to | Plant and | and | |||
| property | machinery | fittings | |||
| 8 | 6 | ||||
| COST | |||||
| At 1stApril 2022 | 10,459 | 58,833 | 11,232 | ||
| Additions | |||||
| Disposals | |||||
| At 31stMarch 2023 | 10,459 | 58,833 | 11,232 | ||
| DEPRECIATION | |||||
| At 1stApril 2022 | 3,660 | 58,833 | 11,232 | ||
| Charge foryear | 1,230 | ||||
| At 31stMarch 2023 | 4,890 | 58,833 | 11,232 | ||
| NET BOOKVALUE | |||||
| At 31stMarch 2023 | 5,569 | ||||
| At 31stMarch 2022 | 6,799 | ||||
| Motor | Computer | ||||
| vehicles | equipment | Totals | |||
| 6 | 8 | 8 | |||
| COST | |||||
| At 1stApril 2022 | 22,587 | 16,579 | 119,690 | ||
| Additions | 14,163 | 14,163 | |||
| Disposals | (275) | (275) | |||
| At 31stMarch 2023 | 36,475 | 16,579 | 133,578 | ||
| DEPRECIATION | |||||
| At 1st April 2022 | 7,396 | 16,579 | 97,700 | ||
| Charge for year | 4,479 | 5,709 | |||
| At 31stMarch 2023 | 11,875 | 16,579 | 103,409 | ||
| NET BOOKVALUE | |||||
| At 31stMarch 2023 | 24,600 | 30,169 | |||
| At 31stMarch 2022 | 15,191 | 21,990 |
| 11. | HERITAGE ASSETS | ||
|---|---|---|---|
| Total | |||
| 6 | |||
| MARKET VALUE | |||
| At 1stApril 2022 and 31stMarch 2023 | 305,044 | ||
| NET BOOKVALUE | |||
| At 31stMarch 2023 | 305,044 | ||
| At 31stMarch 2022 | 305,044 | ||
| The directors have valued the Heritage Assets having sought advice. | |||
| 12. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.23 | 31.3.22 | ||
| Trade debtors | 15,452 | 76,356 | |
| Amounts owed by group undertakings |
43,320 | 43,320 | |
| Accrual income | 19,638 | 14,137 | |
| Prepayments | 1,192 | 100 | |
| 79,602 | 133,913 | ||
| 13. | CURRENT ASSETINVESTMENTS | ||
| 31.3.23 | 31.3.22 | ||
| Other | 553,141 | 600,000 | |
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.23 | 31.3.22 | ||
| Trade creditors | 4,134 | 6,223 | |
| Amounts owed to group undertakings |
14,304 | 73,556 | |
| VAT | 728 | 3,291 | |
| Accrued expenses | 2,962 | 1,620 | |
| 22,128 | 84,690 | ||
| 15. | ACCRUALS AND DEFERRED INCOME | ||
| 31.3.23 | 31.3.22 | ||
| Accruals and deferred income | 85,842 | 103,018 |
| MOVEMEN | T IN FUNDS | |||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.4.22 | in funds | 31.3.23 | ||||
| Unrestricted | funds | |||||
| Group Fund | 216,674 | (1,568) | 215,106 | |||
| Restricted funds | ||||||
| Restricted Fund | 932,768 | (61,582) | 871,186 | |||
| TOTAL FUNDS | 1,149,442 | (63,150) | 1,086,292 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| 6 | ||||||
| Unrestricted | funds | |||||
| Group Fund | 171,088 | (172,656) | (1,568) | |||
| Restricted funds | ||||||
| Restricted Fund | 68,444 | (130,026) | (61,582) | |||
| TOTAL FUNDS | 239,532 | (302,682) | (63,150) | |||
| Comparatives | for movement | in | funds | |||
| Net | ||||||
| movement | At | |||||
| At 1.4.21 | in funds | 31.3.22 | ||||
| Unrestricted | funds | |||||
| Group Fund | 193,081 | 23,593 | 216,674 | |||
| Restricted funds | ||||||
| Restricted Fund | 294,183 | 638,585 | 932,768 | |||
| TOTAL FUNDS | 487,264 | 662,178 | 1,149,442 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| Group Fund | 126,959 | (103,366) | 23,593 | |
| Restricted funds | ||||
| Restricted Fund | 769,846 | (131,261) | 638,585 | |
| TOTALFUNDS | 896,805 | (234,627) | 662,178 | |
| A current year 12months | and prior year 12months | combined position is as follows: | ||
| Net | ||||
| movement | At | |||
| At 1.4.21 | in funds | 31.3.23 | ||
| Unrestricted funds |
||||
| Group Fund | 193,081 | 22,025 | 215,106 | |
| Restricted funds | ||||
| Restricted Fund | 294,183 | 577,003 | 871,186 | |
| TOTAL FUNDS | 487364 | 599,028 | 1,086,292 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| 6 | |||
| Unrestricted funds |
|||
| Group Fund | 298,047 | (276,022) | 22&025 |
| Restricted funds | |||
| Restricted Fund | 838,290 | (261,287) | 577,003 |
| TOTAL FUNDS | 1,136,337 | (537309) | 599,028 |