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||||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|
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|National
lottery|35,723|
|---|---|
|Charitable
grants|32,721|
|Public sector|90,119|
|Private sector|80,970|
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||||||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|
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||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|
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||||||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|
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|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|
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|||||||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|
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|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|
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|||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|
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|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|
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|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|
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|||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|
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