## ## |||Page| |---|---|---| |Legal and Administrative
Information||| |The Report|ofthe Trustees|2- 7| |Statement|ofTrustee Responsibilities|| |Independent|Auditor's
Report|| |Statement|of Financial
Activities|12| |Balance Sheet||13| |Statement|ofcash flows|14| |Notes to the Financial Statements||15-26| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## TOOLS WITH A MISSION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF TOOLS WITH A MISSION We also oblain8d an und8rstanding ol the applicable laws and r8gulalions to whid) the charity must adhere, through discu5510ns with management and Ih05e charged with governan¢e. as well 8s cornmercial knovoedge of the sector and statutory legislation, In order to delenrin8 the key laws and regulations applicable lo the charitable company. Our audit work in¢lud8d.. Auditing the risk of management override of controls, including through testing jOLJmal entries and other adjustments for appropnaleness. and ev81u8ting the rationale behind $ignifi¢ant transactions ou151de the normal course of business. - As585Stnent of key accounting estimates Within the financial statements in order to assess their reasonableness to determine wheth8r the￿ is any bias In the estim818S. Review of meeting minut8S. EnquiriTrg of management and Trusl8es as to whether they are awar8 of any 8lleg8d, suspected or actual fraud duriry the year. We a150 performed pro¢edur8S to S8tisfy ourselves ￿gardIng the charitsble colnpany's compliance with applicable laws and regulations, Including.. Enquiry ol Trusteès. management and the entity's solicitors 8round actual and potential litigation and daims Reviewing Corresponden￿ with relevant legal authorities All audit team members were made aware of the appI￿able laws and regulations. as well as potential fraud risks during the planning stage of the audit and thi5 w3s discussed at the 8udit team planning meeting. 11 was therefore determined that team rnembers all had the relevant 8W8reness and competenTr to identify any instances of ntsn-compliance or fr8ud. There are. however, inherent limitations to our above audit procedures. Auditing standards only require us to enquire of the Trustees and manag&menl regardin9 non-complian￿ with laws and regulations. as well as review regu1atc>ry and legal corre5ponden¢e lif there is 8nyl. It is therefore p055ible thai instances of nori-compliance could be missed, particularly where the law in itself is far removed from any financial transzctions. A further description of our r8sponsibilities for the auijit of the financial statements is located on the Financial Reporting Council's website al". http'.Ilwmv.frc.org.uklOur-WorklAuditlAudil-and-assurancelStandards-and-guidancelStandards-and- guidan¢e-for-auditorslAudilors-responsitriilities-fDr-audiVDesCriptson-of-audilors-responsibilities-lor-au￿it.aspx. This descriptson forms part ol our auditor's report. Use of our report This report is made sol8ly to lh8 charitable company's members, as a body, in accordance with Chapter 3 of part 16 of th8 Companies Act 2006. Our audit work has been undertaken so that we might state to the chaFltable ¢ompany's members and tru5t&es those matters we are required to state to them in an auditor's report and for no other purpose. To th$ fullest extenl permilled by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company's m8mb&rs as a body and the ¢harilable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Helen Rumsey FCA (Senlor Statutory Auditor) For and on behalf of Ensors Accountants LLP Connexions 1 $9 Princes Street Ipswich IP1 1QJ 18 April 2023 Oated.. ## ## ||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---| ||||||funds|funds|2022|2021| |||||Notes||||| |Income and endowments||from:||||||| |Donations
and legacies|||||411,398|57,800|469,198|438,810| |Charitable
activities|||||122,499|111,520|234,019|197,771| |Investments||||||||21| |Other income||||||||16,616| |Total income and|endowments||||533,897|169,320|703,217|653,218| |Expenditure
on:||||||||| |Raising funds|||||39,165||39,165|30,171| |Charitable
actiwties|||||419,108|137,308|556,416|442,657| |Total resources expended|||||458,273|137,308|595,581|472,828| |Net gains/(losses)|on investments||||(8,749)||(8,749)|10,115| |Net incoming/(outgoing)||resources||||||| |before transfers|||||66,875|32,012|98,887|190,505| |Transfers
between|funds|||||||| |Net incoming/(outgoing)||resources|||66,875|32,012|98,887|190,505| |Fund balances at 1|November||2021||679,085|132,656|811,741|621,236| |Fund balances at|31 October||2022||745,960|164,668|910,628|811,741| ## ## ## |||||||2022||2021|| |---|---|---|---|---|---|---|---|---|---| ||||||Notes||||| |Fixed assets|||||||||| |Tangible assets|||||13||368,773||302,318| |Investments|||||14||99,742||98,491| ||||||||468,515||400,809| |Current assets|||||||||| |Debtors|||||15|55,826||14,404|| |Cash at bank|and|in|hand|||446,782||472,943|| |||||||502,608||487,347|| |Creditors: amounts|||falling|due within|16||||| |one year||||||(60,495)||(76,415)|| |Net current assets|||||||442,113||410,932| |Total assets|less|current||liabilities|||910,628||811,741| |Income funds|||||||||| |Restricted funds|||||18||164,668||132,656| |Unrestricted|funds||||18||745,960||679,085| ||||||||910,628||811,741| ## ## ## ||||2022||2021||| |---|---|---|---|---|---|---|---| |||Notes|||||| |Cash flows from operating|activities||||||| |Cash generated
from operations||24||89,935|||183,344| |Cash flows from Investing|activities||||||| |Purchase of tangible
fixed assets|||(115,266)||(48,516)||| |Proceeds on disposal of tangible
fixed assets|||9,170||5,000||| |(Purchase)/Disposal
ofinvestments|||(10,000)||(70,000)|.|| |Interest received|||||21||| |||||(116,096)|||(113,495)| |Net Increase/(decrease)
in|cash and cash|equivalents||(26,161)|||69,849| |Cash and cash equivalents|at the beginning|ofthe year||472,943|||403,094| |Cash and cash equivalents|at the end ofthe year|||446,782|||472,943| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3|Donations
and legacies||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds|2022|2021| ||Donations
and gifts|400,253|57,800|458,053|406,723| ||Legacies receivable|11,145||11,145|32,087| |||411,398|57,800|469,198|438,810| ||For the year ended 31 October 2021|348,494|90,316||438,810| |4|Charitable
activities|Unrestricted|Restricted|Total|Total| |||funds|funds|2022|2021| ||Sales within charitable
activities|122,499|111,520|234,019|197,771| ||For the year ended 31 October 2021|95,068|102,703||197,771| |5|Investments||||| |||Unrestricted|Restricted|Total|Total| |||funds|funds|2022|2021| |||6|6|8|| ||Interest receivable||||21| ||For the year ended 31 October 2021|21|||21| ## ## ## |6|Other income||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds|2022|2021| ||Babcock grant||||500| ||Furlough
grant||||16,116| ||||||16,616| ||For the year ended 31October 2021|16,616|||16,616| |Raising funds||||| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||funds|funds|2022|2021| |Publicity and fund raising|30,271||30,271|24,573| |Regular mailings|8,894||8,894|5,598| ||39,165||39,165|30,171| |For the year ended 31October 2021|30,171|||30,171| ## |8|Charitable
activities|||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds|2022|2021| ||||||||6| ||Staff costs (see note 11)|||193,712|12,644|206,356|171,096| ||Rent and rates|||15,344||15,344|19,271| ||Insurance|||11,906||11,906|11,853| ||Light and heat|||14,948||14,948|10,013| ||Postage and telephone|||6,143||6,143|7,003| ||Printing
and stationery|||3,151||3,151|2,873| ||Sundries|||7,906||7,906|4,326| ||Tools, haberdashery
purchases||& refurbishment|11,204||11,204|15,169| ||Carriage and packaging|||8,849||8,849|5,535| ||Vehicle fuel and servicing|||38,615||38,615|23,757| ||Premises
repairs and renewals|||6,734||6,734|5,456| ||Cleaning
and trade refuse|||5,299||5,298|3,590| ||Scholar packs||||||1,034| ||Overseas
freight||||98,474|98,474|107,327| ||Travelling|||6,805||6,805|598| ||Legal and professional|charges||11,120||11,120|12,098| ||Audit and accountancy|fees||8,850||8,850|5,421| ||Health and safety|||6,110||6,110|6,976| ||Depreciation|||22,621|26,190|48,811|21,052| ||Profit or loss on disposal|||(9,170)||(9,170)|(5,000)| ||Bank charges|||3,735||3,735|3,355| ||In country development|costs||45,226||45,226|9,854| |||||419,108|137,308|556,416|442,657| ||For the year ended 31|October|2021|317,229|125,428||442,657| |9|Net gains on investments|||Unrestricted
funds|Restricted
funds|Total
2022|Total
2021| |||||||8|| ||Gain/(loss)
on listed investments|||(8,749)||(8,749)|10,115| ||For the year ended 31|October|2021|10,115|||10,115| ## |||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---|---| |10|Net incoming/(outgoing)|resources||||funds|funds|2022|2021| |||||||6||K|S| ||This is stated after charging:||||||||| ||Depreciation|||||22,623|26,188|48,811|21,052| ||Fees payable to the Charity's
auditors
for the
audit ofthe Charity's
financial
statements|||||8,850||8,850|5,400| ||Profit on disposal offixed assets|||||(9,170)||(9,170)|| |11|Staff costs|||||Unrestricted|Restricted|Total|Total| |||||||funds|funds|2022|2021| ||Wages and salaries|||||172,820|11,247|184,067|152,797| ||Social security costs|||||11,178||11,178|9,843| ||Pension costs|||||7,815|1,397|9,212|7,382| ||Staff recruitment
costs|||||50||50|61| ||Staff training|||||1,849||1,849|1,013| |||||||193,712|12,644|206,356|171,096| ## ## |13|Tangible fixed assets|Tangible fixed assets||||||| |---|---|---|---|---|---|---|---|---| |||||Land and|Motor|Fixtures,||Total| |||||buildings|vehicles|fittings &||| ||||||& plant|equipment||| ||Cost|||K||6||f| ||At 1 November
2021|||331,111|103,300|51,625||486,036| ||Additions||||60,565|54,701||115,266| ||Disposals||||(38,964)|||(38,964)| ||At 31 October 2022|||331,111|124,901|106,326||562,338| ||Depreciation
and impairment|||||||| ||At 1 November
2021|||95,072|54,252|34,394||183,718| ||Depreciation
charged|in|the year|6,622|24,055|18,134||48,811| ||Eliminated
on disposals||||(38,964)|||(38,964)| ||At 31 October 2022|||101,694|39,343|52,528||193,564| ||Carrying
amount|||||||| ||At 31 October 2022|||229,417|85,558|53,798||368,773| ||At 31 October 2021|||236,039|49,048|17,231||302,318| |14|Investments||||||2022|2021| ||Market Value|||||||| ||COLA Ethical Investment||Fund||||50,071|48,789| ||CCLA Global Equity Income Fund||||||49,671|49,702| ||||||||99,742|98,491| ||Historical Cost|||||||| ||CCLA Pooled Investment||Funds||||90,000|80,000| ||Value as at 1 November||2021|||||98,491| ||Additions|||||||10,000| ||Change
in market value|||||||(8,749)| ||Value as at 31October||2022|||||99,742| ## ## |ebtors: amou|nts
f|alling due within one year||| |---|---|---|---|---| ||||2022|2021| |Gift aid|||7,717|7,648| |Prepayments|and accrued income||48,109|6,756| ||||55,826|14,404| |reditors: amounts||falling due within one year||| ||||2022|2021| ||||F|| |Taxation and|social security||467|3,805| |Other creditors|||15,090|13,193| |Accruals|||11,095|5,933| |Deferred freight income|||33,843|53,484| ||||60,495|76,415| ## |||Balance at 1|Deposits|Released|Balance at| |---|---|---|---|---|---| |||Nov 2021|received|to income|31 Oct 2022| ||||6|6|| |Charitable|activities|53,484|91,879|(111,520)|33,843| ## |18|Movement
in|funds|||||| |---|---|---|---|---|---|---|---| ||||At 1|Incoming|Outgoing|Transfers|At 31| ||||November|resources|resources||October| ||||2021||||2022| ||Unrestricted|funds|||||| ||General fund||679,085|525,148|458,273||745,960| ||Restricted funds||||||| ||Overseas
freight|||111,520|(98,474)||13,046| ||Forklift appeal|||48,124|(3,850)||44,274| ||Refurbishment|appeal||4,000|(800)||3,200| ||Van appeal||111,290||(20,205)||91,085| ||Boiler
Sheldon appeal||2,669
18,697|5,676|(1,335)
~12.644||1,334
11,729| ||||132,656|169,320|(137,308)||164,668| ||Total funds||811,741|694,468|(595,581)||910,628| ||||At 1|Incoming|Outgoing|Transfers|At 31| ||||November|resources|resources||October| ||||2020||||2021| ||Unrestricted|funds|||||| ||General
fund||556,171|470,314|(347,400)||679,085| ||Restricted funds||||||| ||Overseas
freight|||102,704|(102,704)||| ||Van appeal||35,292|83,536|(7,538)||111,290| ||Boiler||3,999||(1,330)||2,669| ||Scholarship
packs
Sheldon appeal||1,034
24,740|6,779|(1,034)
~12,622||18,697| ||||65,065|193,019|(125,428)||132,656| ||Total Funds||621,236|663,333|(472,828)||811,741| ## ## ## |||||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| |Fund balances||at 31 October 2022 are represented|by:|||| |Tangible|fixed|assets||278,685|90,089|368,774| |Fixed asset investments||||99,742||99,742| |Current|assets/(liabilities)|||367,533|74,579|442,112| |||||745,960|164,668|910,628| |Fund balances||at 31 October 2021 are represented|by:|||| |Tangible|fixed|assets||250,606|51,712|302,318| |Fixed asset investments||||98,491||98,491| |Current|assets/(liabilities)|||329,988|80,944|410,932| |||||679,085|132,656|811,741| ## ## ## |operati|ng
l|eases, which
fall due as follows:||| |---|---|---|---|---| ||||2022|2021| |Within|one|year||5,500| ## ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |Surplus/(Deficit)||for the year||||98,887|190,505| |A~At|t t||||||| |Investment|income recognised
in statement|||of financial|activities||(21)| |Fair value|gains|and (losses) on investments||||8,749|(10,115)| |Depreciation
and||impairment
of tangible|fixed assets|||48,811|21,052| |Gain on disposal||oftangible
fixed assets||||(9,170)|(5,000)| |Movements|in workin
ca ital:||||||| |(Increase)|/ decrease
in debtors|||||(41,423)|12,963| |Increase
/|(decrease)
in creditors|||||(15,919)|(26,040)| |Cash generated||from operations||||89,935|183,344| ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2022||2021|| |---|---|---|---|---|---|---|---|---|---|---| |||||||Notes||||| |Fixed assets||||||||||| |Tangible assets||||||13||368,773||302,318| |Investments||||||14||99,742||98,491| |||||||||468,515||400,809| |Current assets||||||||||| |Debtors||||||15|55,826||14,404|| |Cash at bank||and|in|hand|||446,782||472,943|| ||||||||502,608||487,347|| |Creditors:|amounts|||falling|due within|16||||| |one year|||||||(60,495)||(76,415)|| |Net current|assets|||||||442,113||410,932| |Total assets||less|current||liabilities|||910,628||811,741| |Income funds||||||||||| |Restricted|funds|||||18||164,668||132,656| |Unrestricted||funds||||18||745,960||679,085| |||||||||910,628||811,741| ## ## ## ||||||||2022||2021|| |---|---|---|---|---|---|---|---|---|---|---| |||||||Notes||||| |Fixed assets||||||||||| |Tangible assets||||||13||368,773||302,318| |Investments||||||14||99,742||98,491| |||||||||468,515||400,809| |Current assets||||||||||| |Debtors||||||15|55,826||14,404|| |Cash at bank||and|in|hand|||446,782||472,943|| ||||||||502,608||487,347|| |Creditors:|amounts|||falling|due within|16||||| |one year|||||||(60,495)||(76,415)|| |Net current|assets|||||||442,113||410,932| |Total assets||less|current||liabilities|||910,628||811,741| |Income funds||||||||||| |Restricted|funds|||||18||164,668||132,656| |Unrestricted||funds||||18||745,960||679,085| |||||||||910,628||811,741|