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||||||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|
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|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||||
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|||||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|
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||||||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|
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|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||
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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)|
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|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|
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