| Page | |||||
|---|---|---|---|---|---|
| Trustees' annual report (incorporating the |
director's | report) | |||
| Independent examiner's report |
to the trustees | ||||
| Statement offinancial |
activities | (including | income and | ||
| expenditure account) |
|||||
| Statement offinancial |
position | ||||
| Notes to the financial | statements | ||||
| The following pages |
do not form part ofthe financial statements | ||||
| Detailed statement offinancial |
activities | 14 | |||
| Notes to the detailed | statement | offinancial | activities | 15 |
| Reference | Reference | and adm | inistrative | inistrative | details | |||
|---|---|---|---|---|---|---|---|---|
| Registered | charity | name | Pie Factory | Music | ||||
| Charity registration | number | 1097561 | ||||||
| Company | registration | number | 04602033 | |||||
| Principal office |
office and | registered | Ramsgate High Street |
Youth Centre | ||||
| St Lawrence | ||||||||
| Ramsgate | ||||||||
| CT11 OQG | ||||||||
| Kent | ||||||||
| The trustees | ||||||||
| Mr M Fagg | ||||||||
| Mr J Lane Mr J Barrett |
(Resigned 26 February 2023) | |||||||
| Dr SCant | ||||||||
| Ms BClayton Ms A Ismat |
(Resigned 15September | 2022) | ||||||
| Ms K Ansell | ||||||||
| Company | secretary | Mrs C O'Reilly | ||||||
| Independent | examiner | T Pearcy FCCA | ||||||
| Station Gates | ||||||||
| 3 Lloyd Road | ||||||||
| BROADSTAIRS | ||||||||
| Kent | ||||||||
| CT10 1HY |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| I/nrestncted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| Note | 6 | 6 | 6 | |||
| Income and endowments | ||||||
| Donations and legacies |
5 | 29,349 | 341,386 | 370,735 | 503,320 | |
| Investment income |
6 | 396 | 396 | 8 | ||
| Total income | 29,745 | 341,386 | 371,131 | 503,328 | ||
| Expenditure | ||||||
| Expenditure on chantable |
activities | 7,8 | 35,822 | 430,315 | 466,137 | 362,357 |
| Total expenditure | 35,822 | 430,315 | 466,137 | 362,357 | ||
| Net (expenditure)/income | (6,077) | (88,929) | (95,006) | 140,971 | ||
| Other recognised gains |
and losses | |||||
| Net movement in funds |
(6,077) | (88,929) | (95,006) | 140,971 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward |
292,934 | 198,742 | 491,676 | 350,705 | ||
| Total funds carried forward | 286,857 | 109,813 | 396,670 | 491,676 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | 5 | |||||
| Fixed assets | ||||||
| Tangible fixed assets | 14 | 825 | 1,722 | |||
| Current assets | ||||||
| Debtors | 15 | 20,884 | 42,220 | |||
| Cash at bank and | in | hand | 383,949 | 454,538 | ||
| 404,833 | 496,758 | |||||
| Creditors: amounts | falling | due within one year | 16 | 8,988 | 6,804 | |
| Net current assets | 395,845 | 489,954 | ||||
| Total assets less | current | liabilities | 396,670 | 491,676 | ||
| Funds ofthe charity | ||||||
| Restricted funds |
109,813 | 198,742 | ||||
| Unrestricted funds |
286,857 | 292,934 | ||||
| Total charity funds | 17 | 396,670 | 491,676 |
| Donations and legacies |
|||
|---|---|---|---|
| Unrestncted | Restncted | Total Funds | |
| Funds | Funds | 2023 | |
| f | f | f | |
| Donations | |||
| Donations | 29,349 | 29,349 | |
| Grants | |||
| Grants receivable | 341,386 | 341,386 | |
| 29,349 | 341,386 | 370,735 | |
| Unrestncted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| E | F | E | |
| Donations | |||
| Donations | 9,708 | 1,246 | 10,954 |
| Grants | |||
| Grants receivable | 250 | 492,116 | 492,366 |
| 9,958 | 493,362 | 503,320 |
| 6. | Investment | income | income | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestncted | Total | Funds | ||||||||
| Funds | 2023 | Funds | 2022 | |||||||||
| E | f | E | f | |||||||||
| Bank interest | receivable | 396 | 396 | 8 | 8 | |||||||
| 7. | Restricted | and unrestricted | funds | |||||||||
| Unrestncted | Restricted | Total | Funds | |||||||||
| Funds | Funds | 2023 | ||||||||||
| F | E | |||||||||||
| 2023 Expenditure | on charitable | activities | 35,822 | 430,315 | 466,137 | |||||||
| Unrestncted | Restricted | Total | Funds | |||||||||
| Funds | Funds | 2022 | ||||||||||
| E | F | |||||||||||
| 2022 Expenditure | on chantable | activities | 9,387 | 352,970 | 362,357 | |||||||
| 8. | Expenditure | on charitable | activities | by | activity type | |||||||
| Support | Total funds | Total fund | ||||||||||
| costs | 2023 | 2022 | ||||||||||
| f | f | E | ||||||||||
| Charitable | Purposes | 463,155 | 463,155 | 359,719 | ||||||||
| Governance | costs | 2,982 | 2,982 | 2,638 | ||||||||
| 466,137 | 466,137 | 362,357 |
| 9. | Analysis of |
support co | s | ts | |||||
|---|---|---|---|---|---|---|---|---|---|
| Analysis of | |||||||||
| support costs | |||||||||
| activity | Total 2023 | Total 2022 | |||||||
| F | 6 | ||||||||
| Staff costs | 236,879 | 236,879 | 189,907 | ||||||
| Premises | 9,633 | 9,633 | 8,500 | ||||||
| General office | 7,421 | 7,421 | 6,389 | ||||||
| Proiect | 208,294 | 208,294 | 152,831 | ||||||
| Depreciation | 897 | 897 | 2,092 | ||||||
| 463,124 | 463,124 | 359,719 | |||||||
| 10. | Net (expenditure)/income | ||||||||
| Net (expenditure)ffncome | is stated after | charging/(crediting). | |||||||
| 2023 | 2022 | ||||||||
| F | 8 | ||||||||
| Depreciation | of tangible | fixed assets | 897 | 2,092 | |||||
| 11. | Independent | examination | fees | ||||||
| 2023 | 2022 | ||||||||
| 8 | f | ||||||||
| Fees payable | to the independent | examiner | for | ||||||
| Independent | examination | ofthe | finanoal | statements | 2,472 | 2,304 |
| 14. | Tangible fixed asse |
ts | |||
|---|---|---|---|---|---|
| Fixtures and | |||||
| fittings | Equipment | Total | |||
| E | E | E | |||
| Cost | |||||
| At 6 April 2022 and | 5 April 2023 | 88,352 | 24,295 | 112,647 | |
| Depreciation At 6 April 2022 |
88,052 | 22,873 | 110,925 | ||
| Charge for the year | 300 | 597 | 897 | ||
| At 5 April 2023 | 88,352 | 23,470 | 111,822 | ||
| Carrying amount At 5 April 2023 |
825 | 825 | |||
| At 5 April 2022 | 300 | 1,422 | 1,722 | ||
| 15. | Debtors | ||||
| 2023 | 2022 | ||||
| E | E | ||||
| Trade debtors | 20,884 | 39,488 | |||
| Prepayments and accrued income |
2,732 | ||||
| 20,884 | 42,220 | ||||
| 16. | Creditors: amounts | falling due within one year | |||
| 2023 | 2022 | ||||
| E | |||||
| Trade creditors | 2,105 | 1,652 | |||
| Other creditors | 6,883 | 5,152 | |||
| 8,988 | 6,804 |
| Unrestri | cted funds |
|||||||
|---|---|---|---|---|---|---|---|---|
| At | Gains and | At | ||||||
| 6 | Apnl 2022 | Income | Expenditure | losses | 5 | April 2023 | ||
| E | E | E | E. | |||||
| General | funds | 292,934 | 29,745 | (35,822) | 286,857 | |||
| At | Gains and | At | ||||||
| 6 | April 2021 | Income | Expenditure | losses | 5 April 2022 | |||
| E | E | |||||||
| General | funds | 284,295 | 9,966 | (9,387) | 8,060 | 292,934 |
| Restricte | d funds | ||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | At | |||||
| 6 April | 2022 E |
Income E |
Expenditure f |
losses E |
5 April 2023 E |
||
| Restncted | Funds | 198,742 | 341,386 | (430,315) | 109,813 | ||
| At | Gains and | At | |||||
| 6 April | 2021 E |
Income E |
Expenditure E |
losses f |
5 Apnl 2022 E |
||
| Restricted | Funds | 66,410 | 493,362 | (352,970) | (8,060) | 198,742 | |
| Analysis | of net assets between | funds | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2023 | |||||
| E | E | 6 | |||||
| Tangible | fixed assets | 825 | 825 | ||||
| Current assets | 295,020 | 109,813 | 404,833 | ||||
| Creditors | less than | 1 year | (8,988) | (8,988) | |||
| Net assets | 286,857 | 109,813 | 396,670 | ||||
| Unrestncted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| E | E | 6 | |||||
| Tangible | fixed assets | 1,722 | 1,722 | ||||
| Current assets | 298,016 | 198,742 | 496,758 | ||||
| Creditors | less than | 1 year | (6,804) | (6,804) | |||
| Net assets | 292,934 | 198,742 | 491,676 |
| Year ended 5 April 20 | 23 | ||
|---|---|---|---|
| 2023 | 2022 | ||
| 8 | 6 | ||
| Income and endowments | |||
| Donations and legacies Donations |
29,349 | 10,954 | |
| Grants receivable | 341,386 | 492,366 | |
| 370,735 | 503,320 | ||
| Investment income |
|||
| Bank interest receivable | 396 | ||
| Total income | 371,131 | 503,328 | |
| Expenditure | |||
| Expenditure on charitable Purchases |
activities | 152,391 | 152,814 |
| Wages and salanes Rates and water |
292,748 (405) |
189,907 (13) |
|
| Light and heat Repairs and maintenance Insurance |
4,515 2,587 2,970 |
4,137 1,445 2,931 |
|
| Other motor/travel costs |
31 | 17 | |
| Legal and professional fees Telephone Depreaation Other interest payable and similar charges DetailedSOI AExpenditureOnCharitableActivitiesType2H |
2,472 3,345 897 510 4,076 |
2,304 2,844 2,092 334 3,545 |
|
| 466,137 | 362,357 | ||
| Total expenditure | 466,137 | 362,357 | |
| Net (expenditure)/income | (95,006) | 140,971 |
| Year ended 5 April 20 | 23 | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 6 | ||||
| Expenditure on charitable |
activities | |||
| Charitable Purposes |
||||
| Support costs Support charitable activity Support charitable activity Support charitable actwity Support chantable activity Support charitable activity Support charitable activity Support charitable activity Support charitable activity Support charitable activity Support chantable actiwty |
—project costs -wages/salaries - rates &water —hght & heat - repairs & maintenance —insurance -other motor/travel costs - telephone —depreciation - sundry |
152,391 292,748 (405) 4,515 2,587 2,970 31 3,345 897 4,076 |
152,814 189,907 (13) 4,137 1,445 2,931 17 2,844 2,092 3,545 |
|
| 463,155 | 359,719 | |||
| Governance costs Governance costs —accountancy fees Governance costs - bank charges |
2,472 510 |
2,304 334 |
||
| 2,982 | 2,638 | |||
| Expenditure on charitable |
activities | 466,137 | 362,357 |
| John Lane | appointed | 10'"November 2015 |
||
|---|---|---|---|---|
| resigned | 26th February 2023 | |||
| John Barrett | appointed | 23' April 2019 |
||
| appointed | as Vice Chair 14'" May 2019 | |||
| Sarah Cant | appointed | 23' April 2019 | ||
| Beth Clayton | appointed | 23"April 2019 | ||
| resigned 15th September 2022 |
||||
| Mike Fagg | appointed | 24'" April 2019 | ||
| appointed | as Chair 14'" May 2019 | |||
| Katie Ansell | appointed | 2nd February 2020 | ||
| Aniq Ismat | appointed | 7th February 2020 | ||
| Treasurer | ||||
| John Barrett | appointed | 10'"June 2019 | ||
| Company | Secretary | |||
| Caroline O'Reilly | appointed | 27'" November 2002 |
||
| Senior Management | Team | |||
| Steph Dickinson | Managing | Director | ||
| resigned 27'" April 2023 |
||||
| Caroline O'Reilly | Finance Manager | |||
| Zoe Carassik-Lord | Programme | Manager (Music Jk Creative Arts) |
||
| appointed | CEO 1"May 2023 | |||
| Luis Dawber | Programme | Manager (Youth Work) |
| Breakdown | Purpose | ||||
|---|---|---|---|---|---|
| fB2600 | To cover redundancies | of all staff in | the event ofthe charity ceasing to trade | ||
| f42 734 I |
To cover three | months | ofcore team | to source and secure further funding |
|
| E16,982 | To cover three further funding |
months is being |
ofoperational sourced |
costs to maintain PFM's headquarters |
whilst |