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2023-03-31-accounts

Page
Report ofthe Trustees 1 to 3
Independent
Examiner's Report
Statement ofFinancial Activities
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 14

2023 2022
Unrestricted Total
Notes funds fundsf
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 5,492 16,339
Charitable
activities
Operation ofcommunity centre 70,740 51,036
Investment
income		 1,281 839
Other income 12,552 11,764
Total 90,065 79,978
EXPENDITURE ON
Charitable
activities
Operation ofcommunity centre 73,711 67,143
Other 2,878 1,511
Total 76,589 68,654
NET INCOME 13,476 11,324
RECONCILIATION OFFUNDS
Total funds brought
forward		 106,120 94,796
TOTAL FUNDS CARRIED FORWARD 119,596 106,120

2023 2022
Unrestricted Total
funds funds
Notes 8
FIXEDASSETS
Tangible assets 10 9497 12,061
CURRENT ASSETS
Stocks 11 1@37 1,304
Debtors 12 1,807 2,763
Investments 13 65,426 45,566
Cash at bank and in hand 51,636 49,005
120/06 98,638
CREDITORS
Amounts
falling		 due within one year 14 (10,007) (4,579)
NKT CURRENT ASSETS 110,199 94,059
TOTAL ASSETSLESS CURRENT
LIABILITIES 1195596 106,120
NET ASSETS 119,596 106,120
FUNDS 16
Unrestricted
funds		 119,596 106,120
TOTAL FUNDS 119,596 106,120
The charitable company is entitled to exemption &om audit under Section 477 ofthe Companies
Act 2006		 for the
year
ended 31March 2023.

Leasehold 10%on cost
Maisonette 20%on cost
Equipment 20%on cost
Furniture 20%on cost
Maisonette Equipment 20%on cost
Computer equipment 33%on cost

. INVESTMENT INCOM E
2023 2022
Deposit account interest 1)281 839
3. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity
Goods for resale Operation ofcommunity centre 9,637 9,365
Other sales (website printing)
Events		 Operation ofcommunity
Operation ofcommunity		 centre
centre		 1,232
3,970		 927
1,539
Computer
and cafd takings		 Opemtion ofcommunity centre 16,863 12,832
Course fees and adult
education Operation ofcommunity centre 36,314 25,669
Hire charges and other billing Operation ofcommunity centre 1,643 704
Children's
activities		 Operation ofcommunity centre 1,081
70,740 51,036
4. OTHER INCOME
2023 2022
Rental income 12,552 11)764
5. CHARITABLE ACTIVITIES COSTS
Direct
Costs (see Support
note 6) costs Totals
Operation ofcommunity centre 73)111 600 73)711
6. DIRECT COSTSOFCHARITABLE ACTIVITIES
2023 2022
Staffcosts 12,018 10,721
Rent and rates 4,438 4,186
Insurance 1,251 1,127
Utilities and cleaning 3)929 2,855
Management
costs
Card charges, Zettle and		 Xero 1,367
1,417		 2,438
517
Advertising
and marketing		 2,593 2,634
Sundries 1,541 813
Cost ofgoods for resale 6,137 5,785
Tuition fees and other course expenses 22,540 16,129
Cafd consumables 5,298 4,970
Computer
costs		 2,089 2,990
Property maintenance 4,047 5,072
Carried forward 68,665 60,237

6. DIRECT COSTSOF C HARITABLE ACTIVITIES - continued
2023 2022
g
Brought forward 68,665 60,237
Social events 767 588
Children's
activities		 200
Depreciation 3,479 5,448
Loss on sale ofassets 286
73,111 66,559
7, NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2023 2022
8
Depreciation - owned assets 3,479 5,448
Deficit on disposal offixed assets 286

TANGIBLE FIXEDASSETS
Leasehold Maisonette Equipment
I
COST
At
1 April 2022		 54,445 13,527 8,266
Additions 140
Dispo sais
At 31 March 2023 54,445 13,527 8,406
DEPRECIATION
At 1 April 2022 46,650 13,523 6,378
Charge for year 1,506 3 755
Eliminated
on disposal
At 31 March 2023 48,156 13,526 7,133
NET BOOK VALUE
At 31 March 2023 6,289 1 1,273
At 31 March 2022 7,795 4 l,ggg
Maisonette Computer
Furniture Equipment equipment Totals
COST
At 1 April 2022 5,140 6,054 4,933 92,365
Additions 345 330 815
Disposals (2,813) (2)813)
At 31March 2023 5,140 6,399 2,450 90,367
DEPRECIATION
At 1 April 2022 3,968 5,750 4,035 80,304
Charge for year 612 193 410 3,479
Eliminated
on disposal		 (2,813) (2,813)
At 31March 2023 4,580 5,943 1,632 80,970
NET BOOK VALUE
At 31March 2023 560 456 818 9,397
At 31 March 2022 1,172 304 898 12,061

11. STOCKS
2023 2022
Stockheld for resale I/37 1,304
12. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
Trade debtors 34
Other debtors 1,605 1,605
Prepayments 202 1,124
1,807 2,763
13. CURRENT ASSETINVESTMENTS
2023 2022
8
Bonds 65,426 45,566
14. CREDITORS: AMOUNTS FALLING DUE~ONE YEAR
2023 2022
Trade creditors 438 714
Other creditors 7,459 2,465
Accmed expenses 2,110 1,400
10,007 4,579
15. LEASING AGREEMENTS
Minimum
lease payments		 under non-cancellable operating leases fall due as follows:
2023 2022
Within one year 2,876 3,834
Between one and five years 2,876
2,876 6,710

Net
movement At
At 1.4.22 in funds 31.3.23
6 g 8
Unrestricted funds
General fund 106,120 13,476 119,596
TOTAL FUNDS 106)120 13)476 119)596
Net movement in funds, included
in the above are as follows:
Incoming Resources Movement
resources expended in funds
6
Unrestricted funds
General fund 90)065 (76,589) 13)476
TOTAL FUNDS 90,065 (76)589) 13,476
Comparatives for movemeat in funds
Net
movement At
At 1.4.21 in funds 31.3.22
Unrestricted funds
General fund 74,796 11,324 86,120
ITand other equipment reserve fund 5,000 5,000
Contingency fund 15,000 15,000
94,796 11,324 106,120
TOTAL FUNDS 94,796 11,324 106,120
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 79,978 (68,654) 11,324
TOTAL FUNDS 79,978 (68,654) 11,324

Net
movement At
At 1.4.21 in funds 31.3.23
Unrestricted funds
General fund 74,796 24,800 99,596
ITand other equipment reserve fund 5,000 5,000
Contingency fund 15,000 15,000
94,796 24,800 119,596
TOTAL FUNDS 94,796 24,800 119,596
Incoming Resources Movement
resources expended in funds
6 f.
Unrestricted funds
General fund 170,043 (145,243) 24,800
TOTAL FUNDS 170,043 (145,243) 24,800