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|The Trustees remain committed
to a policy that the charity|The Trustees remain committed
to a policy that the charity|The Trustees remain committed
to a policy that the charity|hold unrestricted|hold unrestricted|hold unrestricted|funds (excluding|funds (excluding|those funds|
|---|---|---|---|---|---|---|---|---|
|represented
by fixed assets (sufficient to|cover):||||||||
|Contingency
fund to cover 6months'
organisational
running||costs/income|||was||||
|to cease. (excluding
the Enterprise Factory)||||||||135,909|
|Contingency
fund to cover 6months ofrunning
costs ofthe||Enterprise
Factory||||||44,708|
|Total Unrestricted
Funds (Contingency)|||||||5180,617||
|Designated
funds have been established|and agreed by the||Board ofTrustees|||at|the following|levels:|
|Redundancy —potential
redundancy
payments
costifthe charity were to be wound|||||||up|13,881|
|Property sinking fund to meet the annual|repair and maintenance|||costs ofall buildings|||||
|excluding
the Enterprise
Factory||||||||22,500|
|Enter prise Factory contingency
fund to|cover a further 6|months||running|costs|of|the||
|property
until asale has been completed||||||||44,708|
|Enterprise Factory Property Repairs/Upgrading
Expeaditure||||required|within|the next|||
|12months|||||||||
|Investment
Fund for longer term holdings|—to generate earned||income (bank interest/property||||||
|Rental) to support Community
Charitable|Expenditure|||||||850,000|
|Total Designated
Fund|||||||8956,589||
|Total Reserves Policy Designated|||||||X1,137,206||
##
##
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|||||||||||||||||||P.|||
##
|||2023|2023|2022||
|---|---|---|---|---|---|
||Notes|f.||f||
|FIXEDASSETS||||||
|Tangible fixed assets
Investmcnts
Investment
Property|12
14
13||1,004,021
250
350,000||2,670 i)31
250
350,000|
|TOTAL FIXEDASSETS|||1,354371||3,021,181|
|CURRENT ASSETS||||||
|Stocks
Debtors
Cash at bank and in hand|15
16|500
65,163
1,376,032||500
1155t99
118,728||
|TOTAL CURRENT ASSETS||1,441,695||235,227||
|CREDITORS; amounts
falling due||||||
|within one year|17|(87,622)||(189,205)||
|NET CURRENT ASSETS|||1,354,073||46,022|
|CREDITORS; amounts
faUing due||||||
|afier more than one year|17||(25,811)||(135,420)|
|TOTAL NBT ASSETS|||2,682,533||2,931,783|
|THBFUNDS OFTHE CHARITY||||||
|Unrestricted
funda
Designated
funds||53,405
I,137406|1,190,611|(227,049)|(227,049)|
|Restricted
funds
Restricted Fixed Asset Fund||137,651
1354371|1,491,922|137,651
3,021,181|3,158,832|
|TOTAL CHARPIY FUNDS|18||2,682,533||2,931,783|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||Notes|||f,|
|CASH FLOWS FROM OPERATING ACTIVITIES||||||
|Net cash used in operating
activities||20||(457,119)|(39,898)|
|CASH FLOWS FROM INVESTING ACTIVITIES||||||
|Investment
income||||17,959|17,520|
|Purchase oftangible|fixed assets|||(17,188)|(23,695)|
|Disposal oftangible|fixed assets|||1,713,652||
|NET CASH PROVIDED/(USED) BYINVESTING||ACTIVITIES||1,714,423|(6,175)|
|CHANGE IN CASH|AND CASH EQUIVALENTS|IN THE YEAR||1,257,304|(46,073)|
|CASH AND CASH|EQUIVALENTS AT THE BEGINNING||OF THE YEAR|118,728|164,801|
|CASH AND CASH|EQUIVALENTS AT THE END|OF THE YEAR||1,376,032|118,728|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|3.|INCOME FROM DONATIONS|INCOME FROM DONATIONS|INCOME FROM DONATIONS|AND LEGACIES|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
||- CURRENT|YEAR|||Funds|Funds|Funds|
||||||2023|2023|2023|
|||||||f|f|
||Donations||||760||760|
||-PRIOR YEAR||||Unrestricted|Restricted|Total|
||||||Funds|Funds|Funds|
||||||2022|2022|2022|
||Donations||||4,497|750|5,247|
||Government|grants|||73,619||73,619|
||||||78,116|750|78,866|
|4.|INCOME FROM CHARITABLE|||ACTIVITIES|Unrestricted|Restricted|Total|
||- CURRENT|YEAR|||Funds|Funds|Funds|
||||||2023|2023|2023|
||Grants|||||17,929|17,929|
||Rental income and service charge||||237,491||237,491|
||Room hire||||22,181||22,181|
||Green bikes/Thetford||shed||1,993||1,993|
||Recharges||||22,556||22,556|
||Miscellaneous||||1,894|500|2,394|
||||||286,115|18,429|304,544|
||-PRIOR YEAR||||Unrestricted|Restricted|Total|
||||||Funds|Funds|Funds|
||||||2022|2022|2022|
||Grants|||||71,452|71,452|
||Rental income and service charge||||235,357||235,357|
||Room hire||||22,825||22,825|
||Green bikes/Thetford||shed||4,297||4,297|
||Re charges||||27,510||27,510|
||Miscellaneous||||1,390||1,390|
||Facilities management||(Brandon)||134||134|
||||||291,513|71,452|362,965|
|5.|INVESTMENT INCOME||||Unrestricted|Restricted|Total|
||- CURRENT|YEAR|||Funds|Funds|Funds|
||||||2023|2023|2023|
|||||||f,||
||Rental income - StJohns|||||17,520|17,520|
||Bank interest|received|||439||439|
||||||439|17,520|17,959|
||- PRIOR YEAR||||Unrestricted|Restricted|Total|
||||||Funds|Funds|Funds|
||||||2022|2022|2022|
||||||f|||
||Rental income - StJohns|||||17,520|17,520|
##
##
|6.|INCOME FROM OTHER TRADING ACTIVITIES|INCOME FROM OTHER TRADING ACTIVITIES|INCOME FROM OTHER TRADING ACTIVITIES|Unrestricted|Restricted|Total||
|---|---|---|---|---|---|---|---|
||- CURRENT|YEAR||Funds|Funds|Funds||
|||||2023|2023|2023||
||||||6|||
||Cafe|||1,810||1,810||
||Conferencing|||24,072||24,072||
|||||25,882||25,882||
||- PRIOR YEAR|||Unrestricted|Restricted|Total||
|||||Funds|Funds|Funds||
|||||2022|2022|2022||
||Cafd|||1,198||1,198||
||Conferencing|||12,224||12,224||
|||||13,422||13,422||
|7.|EXPENDITURE ON RAISING FUNDS|||Unrestricted|Restricted|Total||
||-CURRENT|YEAR||Funds|Funds|Funds||
|||||2022|2022|2022||
||Cafd
—food|||495|||495|
||Cafd - other|||103|||103|
||Conferencing|-premises|costs|2,286||2,286||
||Bikes and sheds|||394|||394|
|||||3,278||3,278||
||EXPENDITURE ON RAISING FUNDS|||Unrestricted|Restricted|Total||
||- PRIOR YEAR|||Funds|Funds|Funds||
|||||2022|2022|2022||
||Cafe - food|||479|||479|
||Cafe - premises costs|||228|||228|
||Cafd - other|||159|||159|
||Conferencing|- premises|costs|224|||224|
||Bikes and sheds|||808|||808|
|||||1,898||1,898||
|8.|ANALYSIS|OF EXPENDITURE BYACTIVITIES||Activities||||
||- CURRENT|YEAR||undertaken|Support|Total||
|||||directly|costs|funds||
|||||2023|2023|2023||
||Charitable
activities|||414,211|268,567|682,778||
||-PRIOR YEAR|||Activities||||
|||||undertaken|Support|Total||
|||||directly|costs|funds||
|||||2022|2022|2022||
|||||f,||||
||Charitable
activities|||317,272|242,329|559,601||
##
##
|ANALYSIS|OF DIRECT COSTS|OF DIRECT COSTS|OF DIRECT COSTS|OF DIRECT COSTS|OF DIRECT COSTS|OF DIRECT COSTS|||Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Funds|Funds|
||||||||||2023|2022|
|Staff costs|||||||||125,183|150,682|
|Rent, rates and utilities|||||||||166,545|118,120|
|Premises costs|||||||||81,757|48,995|
|Insurance|||||||||19,175|17,581|
|Repairs and|maintenance||||||||28,630|16,262|
|Technology|costs||||||||11,589|11,551|
|Other direct|costs||||||||1,747||
|Travel costs|||||||||2,078|849|
|Advertising|||||||||350|739|
|Stafftraining|||||||||827|28|
|Vehicle costs|||||||||3,718|3,399|
|Profit on revaluation|||of&eehold|||property|||(43,100)|(62,738)|
|Depreciation|||||||||13,547|11,804|
|Sundty expenses|||||||||2,165||
||||||||||414,211|317,272|
|ANALYSIS|OF SUPPORT||||COSTS||||Total|Total|
||||||||||Funds|Funds|
||||||||||2023|2022|
|Staff costs|||||||||105,000|130,000|
|Finance and|professional|||fees|||||96,981|44,718|
|General office|||||||||36,026|45,792|
|Communications||and|IT||||||15,055|15,694|
|Governance|costs||||||||9,660|2,243|
|Postage and|stationery||||||||5,845|3,882|
||||||||||268,567|242,329|
|INDEPENDENT||EXAMINER||||AND|AUDITORS REMUNERATION||2023|2022|
||||||||||f,||
|Fees payable|to the charity's||||independent|||examiner|2,500|2,000|
|STAFF COSTS|||||||||2023|2022|
|Wages and salaries|||||||||217,283|265,286|
|Social security costs|||||||||8,546|9,922|
|Contribution|to defined contribution||||||pension schemes||4,354|5,474|
||||||||||230,183|280,682|
||||||||||2023|2022|
||||||||||No.|No.|
|The average|number||ofpersons|||employed||by the charity during the year|15|18|
##
##
||||00|00
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||||||||||||||C4|||||||||||
##
||||
|---|---|---|
|INVESTMENT PROPERTY|Freehold|Freehold|
||Investment|Investment|
||Property|Property|
||2023|2022|
|VALUATION||6|
|At 1st April 2022|350,000|350,000|
|At 31stMarch 2023|350,000|350,000|
||VALUATION
At 1st April 2022
At 31stMarch 2023||350,000
350,000|6
350,000
350,000|
|---|---|---|---|---|
||The 2022 and 2023 valuations|were made by the directors|with reference to the relevant sources.|The|
||values are fair value, based on|open market value.|||
|14.|FIXEDASSETINVESTMENTS||Unlisted|Unlisted|
||||Investments|Investments|
||||2023|2022|
||COST OR VALUATION||||
||At 1st April 2022||250|250|
||At 31stMarch 2023||250|250|
||The investment|represents|250 ordinary|f,l shares in Foundation|f,l shares in Foundation|East, a|not for profit organisation||
|---|---|---|---|---|---|---|---|---|
||operating across Suffolk,||Norfolk, Essex and Cambridgeshire,||providing||support to businesses,
social||
||enterprises
and|individuals|that cannot get a bank loan.||||||
|15,|STOCKS||||||2023|2022|
|||||||||f|
||Raw materials
and consumables||||||500|500|
|16.|DEBTORS||||||2023|2022|
||Due within one|year|||||||
||Trade debtors||||||31,643|90,494|
||Other debtors||||||12,252||
||Prepayments
and accrued||income||||21,268|25,505|
||||||||65,163|115,999|
|17.|CREDITORS||||||2023|2022|
||Amounts
falling|due within
one year:|||||||
||Trade creditors||||||36,557|94,032|
||Other taxation and social security||||||906|1,888|
||Other creditors|||||||603|
||Bank loan due in one year||||||10,648|10,644|
||Accruals||||||27,444|39,487|
||Deferred income||||||12,067|42,551|
||||||||87,622|189,205|
||CREDITORS||||||2023|2022|
||Amounts
falling|due after|I year:||||||
||Bank loan||||||||
||Due I - 2 years||||||10,648|10,644|
||Due 2 - 4 years||||||15,163|21,288|
||Due 4years+|||||||103,488|
||||||||25,811|135,420|
##
##
##
|NOTE|S TO THE FINANCIAL ST|AT|EM|ENTS||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
||Deferred income at 1st April 2022|||||||42,551|13,539|
||Resources deferred
during|the|year|||||12,067|42,551|
||Amounts
released
from previous|||periods||||(42,551)|(13,539)|
||Deferred income at 31 March||2023|||||12,067|42,551|
||Deferred income comprises|rents||for periods in advance||and rental deposits held.||||
|18.|STATEMENT OF FUNDS||||Balance||||Balance|
||- CURRENT YEAR||||at 1st|||Transfers|at 31st|
||||||April 2022|Income|Expenditure|in/(out)|March 2023|
||UNRESTRICTED FUNDS|||||||||
||Unrestricted
funds||||(227,049)|400,857|(650,107)|529,704|53,405|
||Designated
funds|||||||1,137,206|1,137,206|
||||||(227,049)|400,857|(650,107)|1,666,910|1,190,611|
||RESTRICTED FUNDS|||||||||
||Keystone Communities||||85,917|18,429|(18,429)||85,917|
||Keystone Resources||||51,734|17,520|(17,520)||51,734|
||||||137,651|35,949|(35,949)||137,651|
||RESTRICTED FIXEDASSETS|||FUNDS||||||
||Children
and Youth||||5,453||||5,453|
||Keystone Property||||3,015,728|||(1,666,910)|1,348,818|
||||||3,021,181|||(1,666,910)|1,354,271|
||TOTAL RESTRICTED FUNDS||||3,158,832|35,949|(35,949)|(1,666,910)|1,491,922|
||TOTAL OF FUNDS||||2,931,783|436,806|(686,056)||2,682,533|
||STATEMENT OF FUNDS||||Balance||||Balance|
||- PRIOR YEAR||||at 1st|||Transfers|at 31st|
||||||April 2021|Income|Expenditure|in/(out)|March 2022|
||UNRESTRICTED FUNDS||||f,|||8|8|
||Unrestricted
funds||||(119,658)|406,732|(522,711)|8,588|(227,049)|
||RESTRICTED FUNDS|||||||||
||Keystone Communities||||128,001|72,202|(72,202)|(42,084)|85,917|
||Keystone Resources||||41,933|17,520|(17,520)|9,801|51,734|
||||||169,934|89,722|(89,722)|(32,283)|137,651|
||RESTRICTED FIXEDASSETS|||FUNDS||||||
||Children
and Youth||||5,613||(160)||5,453|
||Keystone Property||||2,940,939||51,094|23,695|3,015,728|
||||||2,946,552||50,934|23,695|3,021,181|
||TOTAL RESTRICTED FUNDS||||3,116,486|89,722|(38,788)|(8,588)|3,158,832|
||TOTAL OF FUNDS||||2,996,828|496,454|(561,499)||2,931,783|
||DESIGNATED FUNDS|||||||||
||A breakdown ofthe desiganted||funds can||be found within|the Trustees Report in the||reserves policy on page 2.||
||CHLDREN AND YOUTH|||||||||
##
##
##
||||||Unrestricted||
|---|---|---|---|---|---|---|
|19.|ANALYSIS OF NET ASSETS|||Restricted|Funds||
||- CURRENT YEAR||Restricted|Fixed Asset|(inch|Total|
||||Funds|Funds|designated)|Funds|
||||2023|2023|2023|2023|
|||||||f,|
||Tangible fixed assets|||1,004,021||1,004,021|
||Fixed asset investments|||250||250|
||Investment
propeity|||350,000||350,000|
||Current assets||137,651||1,304,044|1,441,695|
||Creditors||||(113,433)|(113,433)|
||||137,651|1,354,271|1,190,611|2,682,533|
||-PRIOR YEAR|||Restricted|||
||||Restricted|Fixed Asset|Um estricted|Total|
||||Funds|Funds|Funds|Funds|
||||2022|2022|2022|2022|
|||||||f,|
||Tangible fixed assets|||2,670,931||2,670,931|
||Fixed asset investments|||250||250|
||Investment
property|||350,000||350,000|
||Current assets||137,651||97,576|235,227|
||Creditors||||(324,625)|(324,625)|
||||137,651|3,021,181|(227,049)|2,931,783|
|20.|RECONCILIATION|OF NET MOVEMENTS IN FUNDS TO NET||CASH FLOW|FROM||
||OPERATING ACTIVITIES||||2023|2022|
||Net (expenditure)/income||for the period (as per Statement ofFinancial Activities)||(249,250)|(65,045)|
||Adjustments
for:||||||
||Depreciation
charges||||13,546|11,804|
||Investment
income||||(17,959)|(17,520)|
||Revaluation
offixed|assets|||(43,100)|(62,738)|
||(Increase)/decrease|in stocks||||(131)|
||(Iacrease)/decrease|in debtors|||50,836|(57,105)|
||Increase in creditors||||(211,192)|150,837|
||Net cash used in operating||activities||(457,119)|(39,898)|
|21.|ANALYSIS OF CASH AND CASH EQUIVALENTS||||2023|2022|
||||||f,||
||Cash in hand||||4,359|332|
||Cash at bank||||1,371,673|118,396|
||Total cash and cash|equivalents|||1,376,032|118,728|
|22.|PENSION COMMITMENTS||||||
##
##
##
|At 31stMarch 2023 the charity had commitments
to make future m
cancellable
operating
leases as follows:-|inimum
lease payments
under non-||
|---|---|---|
||2023|2022|
||f,||
|Not later than I year||1,800|
|Later than I year and not later than 5 years|||
|||1,800|
##