2023-03-31-accounts - Grange Interlink Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

						Page
Trustees' annual report (incorporating			the	director's	report)	1-8
Independent	auditor's report to the members					9-12
Statement	offinancial activities	(including		income	and
expenditure	account)
Statement	offinancial position
Statement	ofcash flows					15
Notes to the financial statements						16-24

	Y	ear e	nde	d 31 March	2023
					2023		2022
				Unrestricted	Restncted
				funds	funds	Total funds	Total funds
		Note		6	6	6	E
Income and endowments Donations and legacies Charitable activities Other trading activities Investment income Other income			5 6 7 8 9	9514 47,443 131,895 16,076 47,238	61,996 231,680	71,510 279,123 131,895 16,076 47,238	1,463 1 075 902 82,971 329 23,628
Total income				252,166	293,676	545,842	1,184,293
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies Expenditure on charitable activities		10 11,12		32,911 123,691	121,457 152,341	154,432 276,033	295,380 369,728
Total expenditure				156,602	273,798	430,465	665,108
Net income and net movement	In	funds		95,564	19,878	115,377	519,185
Reconciliation offunds Total funds brought forward				339,552	2,253,083	2,592,635	2,073,450
Total funds carried forward				435,116	2,272,961	2,708,077	2,592,635

			2023		2022
		Note
Fixed assets
Tangible Axed assets				1,827,632	1,882,959
Current assets
Debtors			45,238		32,334
Cash at brink and ln	hand		884,817		721,160
			900,155		763464
Creditors! amounts	falgng due within ohe year	16	19,710		43,606
Nst currbnt assets				880,446	709,676
Total assets lese cUrrent llablgtles				2,708,077	2,692,636
hist assets				2,708,077	2,692,636
Funds ofths charity
ftestrlcted funds				2,272,881	2,263,084
Unrestricted funds				436,'l18	339,661
Total charity funds		20		2,708,077	2,692,636

		Year en	ded 31 )It(arch 2	023
				2023	2022
				6
Cash flows from operating		activities
Net income				115,377	519,185
Adjustments for:
Depreciation oftangible fixed assets				70,996	67,072
Other interest receivable and similar income				(16,076)	(329)
Interest payable	and similar	charges		174	436
Changes in:
Trade and other	debtors			(12,904)	(9,172)
Trade and other	creditors			(24,098)	(74,638)
Cash generated	from operations			133,469	502,554
Interest paid				(109)	(436)
Interest received				16,076	329
Net cash from operating activities				149,436	502,447
Cash flows from investing		activities
Purchase oftangible assets				(15,669)	(14,230)
Net cash used in	investing activities			(15,669)	(14,230)
Net increase in	cash and cash equivalents			133,767	488,217
Cash and cash	equivalents	at beginning	ofyear	721,150	232,933
Caeh and cash	equivalents	at end ofyear		854,917	721,150

Depreciation
Depreciation is	calculated	so as to write off the cost or valuation			of an asset, less its residual
value, over the	useful economic		life ofthat asset as	follows.
Long leasehold	property		50 year straight	hne depreciation
Fixtures and fittings			25% reducing	balance
IVlotor vehicles			25% reducing	balance
Equipment			25% reducing	balance

5.	Donations	and	le	g	ac	ie	s
											Unrestricted	Restricted	Total Funds
											Funds	Funds		2023
														5
	Donations
	Donations	type	1								167			167
	Grants
	Grants receivable			type			1				9,347	61,996	71,343
											9,514	61,996	71,510
											Unrestricted	Restricted	Total	Funds
											Funds	Funds		2022
	Donations
	Donations	type	1								1,463			1,463
	Grants
	Grants receivable				type		1
											1,463			1,463
6.	Charitable	activities
											Unrestricted	Restricted	Total	Funds
											Funds	Funds		2023
											8	6		6
	Performance-related Other income from				grants charitable			activities	type	1	47,443	231,680	279,123
											47,443	231,680	279,123
											Unrestricted	Restricted	Total	Funds
											Funds	Funds		2022
											8	8		E
	Performance-related					grants					80,415	995,487	1,075,902
	Other income		from charitable					activities	type	1
											80,415	995,487	1,075,902
7.	Other trading		activities
									Unrestricted		Total Funds	Unrestricted	Total	Funds
										Funds	2023	Funds		2022
										8	8	E		8
	Other income		from other trading
	activities									131,895	131,895	82,971		82,971

Expenditure on charitable activities by	activity type
Activity type 1 Governance costs	Activities undertaken directly E 70,996 70,996	Support costs E 205,037 205,037	Total funds 2023 E 70,996 205,037 276,033	Total fund 2022 F 67,072 302,656 369,728
Net income
Net income is stated after charging/(crediting):			2023	2022
			E	E
Depreciation oftangible fixed assets Operating lease rentals Fees payable for the audit ofthe financial	statements		70,996 3,500	67,072 787 2,833

Staff costs
The total staff	costs	and employee	benefits for the reporting		period are analysed as follows: 2023 2022
					E	E
Wages and salaries Social security costs					189,726 11,235 200,961	273,287 23,309 296,596
The average head full-time equivalent		count of employees employees during		during the year was the year is analysed	2023 10 (2022: 9).The average number of as follows: 2022
					No.	No.
					10	9

				At
At	1	Apr 2022	Cash flows f	31 liar	2023 5
		721,150	133,702	854,852