| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe charity, its trustees | and advisers | |
| Trustees' report | 2-5 | ||
| Independent examiner's report |
|||
| Statement offinancial activities | |||
| Balance sheet | |||
| Notes to the financial statements | 9-18 |
| THE | CREDIT UNION | CREDIT UNION | CREDIT UNION | FOUNDATION | ||
|---|---|---|---|---|---|---|
| (Acompany | limited | by guarantee) | ||||
| REFERENCE AND ADMINISTRATIVE | DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS | |||||
| FOR THE | YEAR ENDED 30SEPTEMBER2022 | |||||
| Trustees | Lord Roy Kennedy | of Southwark, | President | |||
| D Vear | ||||||
| A Pask | ||||||
| P Norgrove (appointed |
31 March | 2022) | ||||
| R Munro | ||||||
| D Martin | ||||||
| Company | registered | |||||
| number | 04283557 | |||||
| Charity registered | ||||||
| number | 1096199 | |||||
| Registered | office | Holyoake House | ||||
| Hanover Street | ||||||
| Manchester | ||||||
| M60 OAS | ||||||
| Company | secretary | Robert Kelly | ||||
| Chief executive officer | Robert Kelly | |||||
| Accountants | Crowe U.K.LLP | |||||
| 3rd floor | ||||||
| The Lexicon | ||||||
| Mount Street | ||||||
| Manchester | ||||||
| M2 5NT | ||||||
| Bankers | The Co-operative | Bank | pic | |||
| Balloon Street | ||||||
| Manchester | ||||||
| M60 4EP |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | fLInda | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Note | f. | ||||||
| Income from: | |||||||
| Donations and legacies |
&,236 | 8,236 | 3,116 | ||||
| Charitable activities |
43,'I20 | 67,170 | 110,290 | 8?,984 | |||
| Investments | 3 | 3 | |||||
| Total income | 51,359 | 67,170 | 118,529 | 91,100 | |||
| Expenditure on: |
|||||||
| Raising funds | 266 | 266 | 266 | ||||
| Charitable activities |
4,7 | 48,097 | 100,785 | 148,882 | 83,725 | ||
| Total expenditure | 8 | 48,363 | 100,785 | 149,148 | 83,991 | ||
| Net Income I(expenditure) Transfers between Funds |
before transfers | 12 | 2,996 2,854 |
(33,615) (2,854) |
(30,619) | 7,109 | |
| Net income I(expenditure) | before other | ||||||
| recognised gains |
and losses | 5,850 | (36,469) | (30,619) | 7,109 | ||
| Net movement in funds |
5,850 | (36,469) | (30,619) | 7,109 | |||
| Reconciliation offunds: |
|||||||
| Total funds brought | forward | 45,756 | 135,331 | 181,087 | 173,978 | ||
| Total funds carried forward | 51,606 | 98,862 | 150,468 | 181,087 |
| Income from donations and |
legacies | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| E | E | |||
| Donations | 8,238 | 8,238 | 3,116 | |
| Tofal 2021 | 3,116 | 3,516 |
| Income | from charitabl | e activities |
||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| f. | f. | |||||
| Project | income | 1&2 | 67,170 | 67,352 | 53,287 | |
| Donated | administration | and finance support | 42,938 | 42,938 | 34,697 | |
| 43,120 | 67,170 | 110,290 | 87,984 | |||
| Total 2021 | 34,697 | 53,287 | 87,984 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| R | f. | |||
| Direct and support costs | 45,717 | 100,785 | 146,502 | |
| Total 2021 | 37,459 | 44,125 | 81,584 | |
| Direct costs | ||||
| Total | Total | |||
| Activities | 2022 | 2021 | ||
| CU Futures project | 100,785 | 100,785 | 44,125 | |
| Total 2021 | 44,125 | 44,125 |
| 6. | Support costs | Support costs | ||||||
|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||
| Activities | 2022 F |
2021f | ||||||
| Donated administration |
and finance support | 42,938 | 42,938 | 34,697 | ||||
| insurance | 2,743 | 2,743 | 2,726 | |||||
| Bank charges | 36 | 36 | 36 | |||||
| 45,717 | 45,717 | 37,459 | ||||||
| Total 2021 | 37,459 | 37,459 | ||||||
| 7. | Governance | costs | ||||||
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| 2022f | 2022 f. |
2022 | 2021 E |
|||||
| internal audit |
costs | 45 | 45 | 648 | ||||
| Fees for independent | examination | 1,584 | 1,584 | 1,440 | ||||
| Auditors' non audit costs |
890 | 690 | ||||||
| Legal fees | 61 | 81 | 53 | |||||
| 2,3&0 | 2,380 | 2,141 | ||||||
| 8. | Analysis of | Expenditure | by expenditure | type | ||||
| Other costs | Total | Total | ||||||
| 2022 | 2022 | 2021 | ||||||
| Fundraising costs |
286 | 266 | 266 | |||||
| Costs ofraising funds | 266 | 266 | ||||||
| Direct and support costs | 146,502 | 146,502 | 81,584 | |||||
| Expenditure | on governance | 2,380 | 2„380 | 2,141 | ||||
| 149,148 | 149,148 | 83,991 | ||||||
| Total 2021 | 83,991 | 83,991 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Auditor's | remuneration | - | audit | 1,584 | 1,440 | |
| Auditor's | remuneration | - | other | services | 690 |
| Debtors | |||
|---|---|---|---|
| 2022 | 2021 | ||
| f. | |||
| Trade debtors | 6,704 | ||
| Prepayments | and accrued income | 10,547 | 1,808 |
| 17,251 | 1,808 |
| Creditors: Amounts |
falling due within one year | ||
|---|---|---|---|
| 2022 | 202'/ | ||
| Trade creditors | 7,623 | 1,198 | |
| Accruals and deferred | income | 1,804 | 1,293 |
| 9,427 | 2,491 |
| Statement offun | ds - current year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | 30 | |||||
| 1 October | Transfers | September | ||||
| 2021 | Income | Expenditure | in/out | 2022 | ||
| Designated Fund |
3,234 | 1,170 | 4,404 | |||
| General Funds |
42,522 | 51,359 | (48,363) | 1,684 | 47,202 | |
| Total Unrestricted | funds | 45,756 | 51,359 | (48,363) | 2,854 | 51,606 |
| Restricted funds | ||||||
| History project NFCDCU trips |
18,320 30,470 |
(9,756) (16,943) |
(1,054) | 7,510 13,527 |
||
| CU Futures Program Field research project Market research project |
46,595 10,000 15,000 |
33,574 | (36,54T) (10,000) |
(1,800) | 41,822 15,000 |
|
| Gambia Project | 1,346 | 1„346 | ||||
| DEEU programme | 13,600 | 33,596 | (27,539) | 19,657 | ||
| 135„331 | 67,1TQ | (100,785) | (2,854) | 98,862 | ||
| Total offunds | 181,08T | 118,529 | (149,148) | 150,468 | ||
| Statement offunds - prior year | ||||||
| Balance at | ||||||
| Balance at | 30 | |||||
| f October | Transfers | September | ||||
| 2020 | Income | Expenditure | in/out | 202f | ||
| Designated Fund |
2,490 | 3,234 | ||||
| General Funds | 39,54? | 38,730 | (39,866) | 4,511 | 42,522 |
| Analysis | ofn | et ass | ets | between funds - current | year | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2022f | 2022 f. |
2022 | |||||
| Current | assets | 61,033 | 98,862 | 159,895 | |||
| Creditors | due | within | one | year | (9,427) | (9,427) | |
| 51,606 | 98„862 | 150,468 |
| Analysis | ofn | et ass | ets | between funds - prior y | ear | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2021 | 2021 | 2Q21 | |||||
| Current | assets | 48,247 | 135,331 | 183,578 | |||
| Creditors | due | within | one | year | (2,491) | (2,491) | |
| 45,756 | 135,331 | 181,087 |
| Reconciliation ofn |
et | movem | ent in funds |
to net cash flow from operat | ing activities |
|
|---|---|---|---|---|---|---|
| 2022f | 2021 | |||||
| Net (expenditure)/income | for the year (as per Statement of Financial | |||||
| Activities) | (30„619) | 7,109 | ||||
| Adjustment for: |
||||||
| Decrease/(Increase) | in | debtors | (15,443) | 5,870 | ||
| Increase in creditors |
6„936 | 2,022 | ||||
| Net cash (used in)/provided | by operating | activities | (39,126) | '/4, 8Q1 |
| Analy | sis | ofcash and cash equivalents | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Cash | in | hand | 142,644 | 181,770 |
| Total | 142,644 | 181,770 |