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|Legal and administrative
information|
|---|
|Trustees Report incorporating
the Directors' report|
|Independent
auditor's report to the members of|
|Employers'
Networlc for Equality &Inclusion|
|Statement offinancial activities|
|Balance sheet|
|Statement ofcash flows|
|Notes tothe accounts|
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||||All unrestricted|All unrestricted|
|---|---|---|---|---|
|||Notes|funds|funds|
||||2023|2022|
|Income from:|||||
|Investments|||2,638|18|
|Charitable
activities|||1,894,570|1,895,079|
|Totalincome|||1,897,208|1,895,097|
|Expenditure
on:|||||
|Charitable
activities|||1,692,074|1,297,542|
|Total expenditure|||1,692,074|1,297,542|
|Net income for|the year||205,134|597,555|
|Other recognised gains and losses|||||
|Actuarial
gains|on defined benefit pension scheme|18||3,000|
|Net movement|in funds||205,134|600,555|
|Funds balance|at1April||967,410|366,855|
|Funds balance|at31March||1,172,544|967,410|
##
|||Notes|2023|2023|2022|2022|
|---|---|---|---|---|---|---|
||||f|f|||
|Fixed assets|||||||
|Intangible
assets||11||43,775||12,875|
|Tangible assets||12||14,828|||
|||||58,603||12,875|
|Current assets|||||||
|Debtors||13|555,354||369,301||
|Cash at bank and in hand|||1,939,194||1,682,573||
||||2,494,548||2,051,874||
|Creditors|||||||
|Amounts
falling due within one year||14|(1,380,607)||(1,097,339)||
|Net current assets||||1,113,941||954,535|
|Net assets excluding pension|liability|||1,172,544||967,410|
|Defined benefit pension scheme liability||18|||||
|Total net assets||||1,172,544||967,410|
|Represented
by|||||||
|Unrestricted
funds|||||||
|General funds||15||1,172,544||967,410|
|Pension reserve|||||||
|||||1,172,544||967,410|
##
|||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|
|||||6|6|E||
|Cash flow from operating|activities|||||||
|Net income||||205,134||600,555||
|Adjustment
for:||||||||
|Interest income||||(2,638)||(18)||
|Actuarial
gains on defined|benefit pension scheme|||||(3,000)||
|Amortisation
and depreciation||||7p725||4,568||
|(Increase)/decrease
in debtors||||(186,053)||68,686||
|Increase
in creditors||||283,268||74,334||
|Net cash provided
by operating
activities|||||307,436||745,125|
|Cash flow from investing
activities||||||||
|Purchase oftangible assets||||(14,828)||||
|Purchase of intangible
assets||||(38,625)||(12,875)||
|investment
income - bank|interest|||2,638||18||
|Net cash used in provided|by investing
activities||||(50,815)||(12,857)|
|Change in cash and cash equivalents||in the|year||256,621||732,268|
|Cash and cash equivalents|atthe beginning||ofthe year||1,682p573||950,305|
|Cash and cash equivalents|at the end|ofthe year|||1,939,194||1,682,573|
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|All|unrestricted|All|unrestricted|
|---|---|---|---|
||funds||funds|
||2023||2022|
||f||f|
||2,638||18|
##
|||All unrestricted|All unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|||f|f|
|Membership|subscriptions|1,170,332|1,227,159|
|Consultancy||711,236|664,428|
|Event income||13,002|3,000|
|Government|grants||492|
|||1,894,570|1,895,079|
##
|Current Year-All unrestricted|Current Year-All unrestricted|Current Year-All unrestricted|funds|funds||Staff &|Other|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Consultants|(note 7&|Support||||
|||||||(note 6)|8)|Costs|Total||2023|
|||||||f|f|f|||f|
|Charitable|activities: Membership|||&consultancy|services|1,082,878|565,846|43)350|tp692~074|||
|Support costs (inc. governance)||||||12,973|30,377|(43,350)||||
|||||||1,095,851|596,223||1,692,074|||
|Prior Year-|All unrestricted|funds||||Staff &|Other|||||
|||||||Consultants|(note 7&|Support||||
|||||||(note 6)|8)|Costs|Tota|I|2022|
|||||||f|f|f|||f|
|Charitable|activities: Membership|||&consultancy|services|748,439|529,459|19,644|1,297,542|||
|Support costs (inc. governance)||||||11,222|8,422|(19,644)||||
|||||||759,661|537,881||1,297,542|||
##
##
##
|umber ofe|m|ploy|ees||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||Number|Number|
|The average|number ofemployees|||||during the year was:|18|16|
||||||||AII|All|
||||||||unrestricted|unrestricted|
|Employment||IEConsultant||costs|||funds|funds|
||||||||2023|2022|
||||||||f|f|
|Wages and|salaries||||||894,595|668,117|
|Social security||costs|||||99,195|69,175|
|Pension costs|||||||30,384|22,369|
|Other employee|||benefits||||22,286||
||||||||1,046,460|759,661|
|Consultants|IEtemporary|||staff|||49,391||
|Total Employment|||&Consultant||costs||1,095,851|759,661|
||2023|2022|
|---|---|---|
||Number|Number|
|E60,001-E70,000||2|
|E70,001-E80,000|||
|f80,001 —f90,000|||
|f90p0001 f100~000|||
|E110,001- E120,000|||
##
##
||||||2023
E|2022f|
|---|---|---|---|---|---|---|
||Other costs|relating to charitable||activities comprise:|||
||Direct costs|ofconsultancy|||330,136|341,326|
||PR consultancy||||6,000||
||Promotional|material|||18,029|29,753|
||Events and|meetings|||20,136|15,587|
||Office and other costs||||95,576|96,905|
||Rent and service charge||||37,379|14,402|
||Staff recruitment,
training||and travel||58,590|31,486|
||||||565,846|529,459|
||Support —direct costs||||||
||||||2023|2022|
||||||f|E|
||Other support costs comprise:||||||
||Audit||||8,570|6,350|
||Other costs||||21,807|2,072|
||||||30,377|8,422|
##
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|This isstated after charging:|
|---|
|Auditor's
remuneration|
|Amortisation|
|Lease expenses:|
|Land and buildings|
|Other|
|2023f|2022
f|
|---|---|
|8,570|6,350|
|7,725|4,568|
|40,216|14,402|
##
||Website|
|---|---|
||f|
|Cost||
|At 1April 2022|12,875|
|Additions|38,625|
|At31March 2023|51,500|
|Amortisation||
|At1April 2022||
|Charge forthe year|7,725|
|At31March 2023|7,725|
|Net book value at31March 2023|43,775|
|Net book value at 1April 2022|12,875|
##
##
|2 Tangible fixed assets||
|---|---|
||Fixtures|
||fittings and|
||Equipment|
||E|
|Cost||
|At 1April 2022|13,705|
|Additions|14,828|
|At 31March 2023|28,533|
|Depreciation||
|At1April 2022|13,705|
|Charge forthe year||
|At31March 2023|13,705|
|Net book value at31March 2023|14,828|
|Net book value at 1April 2022||
##
||||2023|2022|
|---|---|---|---|---|
||||f|f|
|Subscriptions,|conference|and events income receivable|509,536|346,989|
|Prepayments|and accrued|income|45'818|22,312|
||||555,354|369,301|
##
|||2023|2022|
|---|---|---|---|
||||E|
|Trade creditors||104,616|105,107|
|Taxes and social security costs||110,686|99,741|
|Other creditors||6p008|6,035|
|Accruals
and deferred|income|1,159,297|886,456|
|||1,380,607|1,097,339|
##
|||2023|2022|
|---|---|---|---|
|||6|E|
|Bought forward 1April||692,280|673,307|
|Deferred|in the year|2,172,328|673,364|
|Released|in the year|(1,915,800)|(654,391)|
|Carried forward at31March||948,808|692,280|
##
|Current Year||At1April|||At31March|
|---|---|---|---|---|---|
|||2022|Income|Expenditure|2023|
|||E|f|E||
|Unrestricted|reserves|967,410|1,897,208|(1,692,074)|1,172,544|
|Pension reserves||||||
|||967410|1897208|(1692074)|1p172~544|
##
##
|5 Funds ana|lysis (continued)||||||
|---|---|---|---|---|---|---|
|Prior Year||At1April||||At 31March|
|||2021
f|Incomef|Expenditure
f|Gains/losses
f|2022
f|
|Unrestricted|reserves|369,855|1,895,097|(1,297,542)||967,410|
|Pension reserves||(3,000)|||3,000||
|||366,855|1,895,097|(1,297,542)|3,000|967,410|
##
||Land and|buildings|
|---|---|---|
||2023|2022|
|—within one year|48,342|10,771|
|-later than one year and not later than five years|33,314||
||81,656|10,771|
##
##
##
||||2023|2022|
|---|---|---|---|---|
||||%pa|%pa|
|Main financial assumptions|||||
|RPI Inflation|||3.25|3.60|
|CPI Inflation|||2.45|2.80|
|Rate ofincrease|in payment|ofpre 2006 pensions|3.70|3.60|
|Rate ofincrease|in payment|ofpost 2006 pensions|2.10|2.50|
|Discount rate for Scheme liabilities|||4.85|2.80|
##
##
##
##
|||||||
|---|---|---|---|---|---|
|Reconciliation|offunded||status to balance sheet|2023|2022|
|||||f'000|E'000|
|Fair value ofassets||||321|441|
|Present value|offunded|defined benefit obligations||(301)|(412)|
|Funded status||||20|29|
|Unrecognised|asset|||(20)|(29)|
|Asset/(liability)|recognised||on the balance sheet|||
|Present value|ofunfunded||defined benefit obligations|||
##
|||||
|---|---|---|---|
|Amounts
recognised
in|Statement ofFinancial Activities|2023|2022|
|||E'000|E'000|
|Operating
cost:||||
|Administration
expenses||||
|Past service cost (incl. Curtailments)||||
|Financing cost:||||
|Interest on net defined|benefit liability/(asset)|||
|Pension expense recognised
in the Statement of Financial
Activities||2|2|
|Amounts
recognised|in Other Comprehensive|Income (OCI)|2023|2022|
|---|---|---|---|---|
||||E'000|E'000|
|Asset gains arising during the year|||(115)|19|
|Liability gains/(losses)|arising during the year||105|12|
|Change in the effect|ofthe asset ceiling||9|(29)|
|Total amount recognised
in OCI|||(1)|2|
##
|8 Pension Commitments
(continued|)||||
|---|---|---|---|---|
|Change to the present value ofthe|defined benefit obligation|during the year|2023|2022|
||||E'000|E'000|
|Opening
defined benefit obligation|(DBO)||412|429|
|Interest expense on DBO|||11|9|
|Actuarial
Gains/losses
on Scheme liabilities|||(105)|(12)|
|Net benefits paid out|||(12)|(14)|
|Past service cost (incl. curtailments)|||||
|Closing defined benefit obligation|||301|412|
|Change to the fair value ofScheme|assets during the year||2023|2022|
||||6'000|E'000|
|Opening fair value ofScheme assets|||441|426|
|Interest income on Scheme assets|||11|9|
|(Loss)/gain
on Scheme assets|||(115)|19|
|Contributions
by the Employer|||3|3|
|Net benefits paid out|||(17)|(14)|
|Administration
costs incurred|||(2)|(2)|
|Closing fair value ofScheme assets|||321|441|
|Actual return on Scheme assets|||2023|2022|
||||E'000|E'000|
|Interest income on Scheme assets|||11|9|
|(Loss)/gain
on Scheme assets|||(115)|19|
|Actual return on Scheme assets|||(104)|28|