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|||Page|
|---|---|---|
|Report ofthe Chair|||
|Trustees'
Report|||
|Independent
Auditors'|Report|13|
|Statement of Financial|Activities|16|
|Balance Sheet||17|
|Statement ofCash Flows||18|
|Notes to the Financial|Statements|19|
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||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|
|||Note|Funds|Funds|2023|2022|
|income from|||||||
|Donations
and legacies||2|13,724||13,724|2,804|
|Chaditable
activities||3|1,198,713|254,951|1,451,664|1,138,224|
|Other income||4|19,517|710|20,227|15,209|
|Total income|||1,229,954|255,661|1,485,615|1,156,237|
|Expenditure
on|||||||
|Charitable
activities||5|1,200,739|177,834|1,378,573|1,205,024|
|Total expenditure|||1,200,739|177,834|1,378,573|1,205,024|
|Net gain/(loss)
on investments|||(721)||(721)|1,195|
|Net (expenditure)/income|||28,494|77,827|106,321|(47,592)|
|Transfers
between|Funds||||||
|Net Movement
in|Funds||28,494|77,827|106,321|(47,592)|
|Reconciliation
of|Funds:||||||
|Fund Balances Brought Forward|||540,315|192,541|732,856|780,448|
|Fund Balances Carried Forward|||568,809|270,368|839,177|732,856|
##
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|||Note||2023||2022|
|---|---|---|---|---|---|---|
|||||||6|
|Fixed Assets|||||||
|Tangible fixed assets||9||110,576||35,776|
|Investments||10||100,474||101,195|
|||||211,050||136,971|
|Current Assets|||||||
|Stocks|||250||250||
|Debtors||11|163,927||125,570||
|Cash and cash equivalents||19|564,551||566,635||
||||728,728||694,455||
|Creditors|||||||
|Amounts
falling due within|||||||
|one year||12|100,601||98,570||
|Net Current|Assets|||628,127||595,885|
|Net Assets||||839,177||732,856|
|Reserves|||||||
|Designated|||328,759||360,672||
|Undesignated|||240,050||159,643||
|Unrestricted|funds|15||568,809||540,315|
|Restdicted funds||16||270,368||192,541|
|Total Funds||||839,177||732,856|
##
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||||||||Note|2023f|2022f|
|---|---|---|---|---|---|---|---|---|---|
|Cash (used in)/provided||by operating||activities|||18|75,264|(67,542)|
|Cash flows from investing|||activities|||||||
|Purchase|ofproperty
plant|and equipment||||||(88,611)||
|Purchase|ofinvestments||||||||(100,000)|
|Interest received||||||||9,263|1,101|
|Cash (used in)/provided||by investing||activities||||(79,348)|(98,899)|
|Changes|in cash and cash||equivalents|in the|reporting|period||(4,084)|(166,441)|
|Cash and|cash equivalents||at the beginning||ofthe|||568,635|735,076|
|reporting|period|||||||||
|Cash and|cash equivalents||at the end|ofthe|reporting||19|564,551|568,635|
|period||||||||||
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|Analysis|ofIncome|from Charitabl|e
Activities|||||
|---|---|---|---|---|---|---|---|
|||Social|Transport|Fee|Grant|Total|Total|
|||Services|Income|Income|Income|2023|2022|
|||E|E|E|E|E|E|
|Activity Hub||270,558|14,927|149,701|99,477|534,663|340,312|
|Children's|Services|156,276|23,193|262,550|75,003|517,022|416,431|
|Community|Services|112,426|5,869|140,923|72,266|331,484|327,036|
|BISNET||30,520|11|29,759|8,205|68,495|54,445|
|||569,780|44,000|582,933|254,951|1,451,664|1,138,224|
##
|Other Income||||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Bank Interest||9,263|1,101|
|CJRS grant income|||2,428|
|Devon County|Council PPE Covid-19income||11,152|
|Apprenticeship|funding|6,000||
|Miscellaneous|income|4,964|528|
|||20,227|15,209|
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|Net Incoming Resources for the Year|||
|---|---|---|
||2023|2022|
|This is stated after charging:|||
|Depreciation|13,079|12,298|
|Auditors'
remuneration|9,900|9,073|
|Equipment
hire|5,925|3,656|
|Operating
lease costs —land and buildings|40,000|40,000|
##
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|Tangible Fixed Asse|ts|||||
|---|---|---|---|---|---|
||||Fixtures|||
||Property||and|Motor||
||Improvements|Equipment|Fittings|Vehicles|Total|
||8|8||8|8|
|Cost||||||
|At 1 Apdl 2022|73,828|146,145|15,701|154,085|389,759|
|Additions||9,372||79,239|88,611|
|Dieposals||(29,837)|(438)|(13,000)|(43,275)|
|At 31 March 2023|73,828|125,680|15,263|220,324|435,095|
|Depreciation||||||
|At 1 April 2022|73,828|146,145|11,591|122,419|353,983|
|Charge for year||1,560|485|11,034|13,079|
|Eliminated
on disposal||(29,837)|(438)|(12,268)|(42,543)|
|At 31 March 2023|73,828|117,868|11,638|121,185|324,519|
|Net BookValue||||||
|At 31 March 2023||7,812|3,625|99,139|110,576|
|At 31 March 2022|||4,110|31,666|35,776|
##
|||||R|
|---|---|---|---|---|
|Market value|at|1 April 2022||101,195|
|Net gain on revaluation||||(721)|
|Market value|at|31 March 2023||100,474|
|Investments|at|market value comprised:|||
|M&G Chadfund||units||100,474|
|Debtors|||||
||||2023|2022|
||||R||
|Trade debtors|||142,929|101,658|
|Prepayments|and accrued income||20,$98|23,912|
||||163,$27|125,570|
##
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||||||||||||2023f|2022
6|2022
6||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Trade creditors||||||||||4,875||26,093|||
|Other creditors||||||||||28,058||24,730|||
|Accruals and||deferred|income|||||||67,668||47,747|||
|||||||||||100,601||98,570|||
|Operating
Lease Commitments|||||||||||||||
|At 31 March|2023the||company|||had|lease payments||due under non-cancellable|||operating|leases||
|as set out below:|||||||||||||||
|||||||||Land and|Plant and||||||
|||||||||Buildings|Machinery||2023||2022||
|||||||||||6||||6|
|Operating
lease payments||||due:|||||||||||
|In less than one year||||||||40,000|5,464||45,464||42,463||
|Between one||and five years||||||56,667|5,114||61,781||96,667||
|||||||||96,667|10,578||107,245||139,130||
|Capital commitments|||||||||||||||
|At 31 March|2023, the charity||||had capital commitments||||ofEn8 (2022:Fnil)||||||
|Unrestricted||Funds|||||||||||||
||||||1|April||Incoming|Resources|Gains/|||31|March|
|||||||2022
f||Resources
6|Expended
6|(losses)||Transfer
6||2023
6|
|General
Fund||||159,643||||1,229,954|1,199,456||(721)|50,630|240,050||
|Designated|||||||||||||||
|Property||||45,000||||||||(45,000)|||
|IT
infrastructure|||and||||||||||||
|modemisation||||32,630||||||||(630)||32,000|
|Website||||50,000||||||||(50,000)|||
|Redundancy|and||||||||||||||
|severance||||100,000|||||||||100,000||
|Vehicle|||||||||||||||
|replacement||||70,000||||||||||70,000|
|Fixed assets|||||8,042||||1,283|||||6,759|
|Recovery fund||||55,000||||||||(55,000)|||
|Cost mitigation||||||||||||55,000||55,000|
|Staff development||||20,000||||||||(20,000)|||
|Environmental||and|||||||||||||
|conservation|challenges|||||||||||65,000||65,000|
|||||573,444||||1,229,954|1,200,739||(721)||568,809||
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|Unrestricted|Fu|nds|||||||
|---|---|---|---|---|---|---|---|---|
||||1 April|Incoming|Resources|Gains/||31 March|
||||2021
6|Resourcesf|Expendedf|(losses)f|Transfer|2022
6|
|General
Fund|||157,276|1,036,745|(1,020,647)|1,195|(14,926)|159,643|
|Designated|||||||||
|Property|||45,000|||||45,000|
|ITinfrastructure||and|||||||
|modsrnisstion|||50,000||(17,370)|||32,630|
|Website|||50,000|||||50,000|
|Redundancy|and||||||||
|severance|||204,656||||(104,656)|100,000|
|Vehicle|||||||||
|replacement|||33,000||||37,000|70,000|
|Fixed assets|||3,512||(3,052)||7,582|8,042|
|Recovery fund|||||||55,000|55,000|
|Staff development|||||||20,000|20,000|
|Covid-19 contingency|||30,000||(30,000)||||
||||573,444|1,036,745|(1,071,069)|1,195||540,315|
##
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|Restricted Funds||||||
|---|---|---|---|---|---|
||1 April|Incoming|Resources|Transfer|31 March|
||2022|Resources|Expended||2023|
||||8|||
|Access All Aerials|4,166|980|(3,681)||1,465|
|General restricted funds|516|36,250|(36,000)||766|
|The Mike Ellis Trust|105,775||(20,646)||85,129|
|Music 20-22|4,073|2,685|(6,758)|||
|Developing
Me|21,073|37,300|(45,604)||12,769|
|Sport|754||||754|
|Restricted
capital assets|27,734||(12,528)|88,612|103,818|
|D'Oyly Carte|2,322||(2,322)|||
|Peter Harrison|10,217|15,000|(10,868)||14,349|
|Children
in Need|8,325|10,500|(9,392)||9,433|
|DASH|7,586||(7,586)|||
|DCC||5,000|(5,000)|||
|Lottery||34,500|(15,637)||18,863|
|Richer Sounds||10,811|(1,203)|(9,372)|236|
|Acheeva Bed||2,000|||2,000|
|Motsbility||100,635|(609)|(79,240)|20,786|
|Total Restricted Funds|192,541|255,661|(177,834)||270,368|
|2022||||||
||1 April|Incoming|Resources|Transfer|31March|
||2021|Resources|Expended||2022|
||6|6|6|||
|Children's
Trips|8,344||(8,344)|||
|Access All Aerials|7,507|6,088|(9,429)||4,166|
|General restricted funds|516|36,000|(36,000)||516|
|The Mike Ellis Trust|119,629||(13,854)||105,775|
|Music 20-22|17,178||(13,105)||4,073|
|Developing
Me|15,574|36,455|(30,956)||21,073|
|(Im)possible
Arts|522|(409)|(113)|||
|Sport|754||||754|
|Restricted
capital assets|36,980||(9,246)||27,734|
|D'Oyly Carte||3,000|(678)||2322|
|Peter Harrison||15,000|(4,783)||10,217|
|Children
in Need||10,000|(1,675)||8,325|
|Total Restricted Funds|207,004|119,492|(133,955)||192,541|
|Purposes ofRestricted|Funds|||||
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|17.|Analysis of Net Asse|ts|Between|Funds||||
|---|---|---|---|---|---|---|---|
||2023:||||Unrestricted|Restricted|Total|
||||||Funds|Funds|Funds|
||||||6|8|6|
||Fund balances atthe|year end||||||
||are represented
by:|||||||
||Tangible fixed assets||||6,758|103,818|110,576|
||Investments||||100,474||100,474|
||Current assets||||562,178|166,550|728,728|
||Current
liabilities||||(100,601)||(100,601)|
||Total Net Assets||||568,809|270,368|839,177|
||2022:||||Unrestricted|Restricted|Total|
||||||Funds|Funds|Funds|
||||||6|6|6|
||Fund balances at the year end|||||||
||are represented
by:|||||||
||Tangible fixed assets||||8,042|27,734|35,776|
||Investments||||101,195||101,195|
||Current assets||||694,455|164,807|694,455|
||Current
liabilities||||(98,570)||(98,570)|
||Total Net Assets||||540,315|192,541|732,856|
|18.|Reconciliation
ofnet||(expenditure)/income||to net cash flows|from operating|activities|
|||||||2023|2022|
|||||||6|6|
||Net Income/(expenditure)|||||||
||for the reporting|period||||106,321|(47,592)|
||Adjustments
for:|||||||
||Depreciation
charge|||||13,079|12,298|
||Interest receivable|||||(9,263)|(1,101)|
||Gains on investments|||||721|(1,195)|
||Loss on the disposal||offixed assets|||732||
||Decrease/(increase)||in debtors|||(38,357)|(35,969)|
||Increase/(decrease)||in creditors|||2,031|6,017|
||Net cash provided||by/(used|in)||||
||operating
activities|||||75,264|(67,542)|
##
##
|Year|Ended 31|March 2023|March 2023||||
|---|---|---|---|---|---|---|
|19.|Analysis|ofcash and cash||equivalents|||
||||||2023|2022|
||Cash at|bank|||67,689|102,557|
||Notice Deposits||||496,862|466,078|
||Total Cash and Cash||equivalents||564,551|568,635|
|20.|Financial|Instruments|||||
||Categorisation
offinancial|||instruments|||
||||||2023f|2022f|
||Financial|assets:|||||
||Measured|at fair value —investments|||100,474|101,195|
||Measured|at transaction|price —trade debtors||142,929|101,658|
||||||243,403|202,853|
||Financial|Liabilities:|||||
||Measured|at transaction|price —trade and other||||
||creditors||||32,933|50,823|