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2023-03-31-accounts
|
Page |
| Reference and Administrative Details of the Charitable Company, its Trustees and |
1 - 2 |
| Advisers |
|
| Trustees' Report |
3-17 |
| Independent Auditors’ Report on the Financial Statements |
18-21 |
| Statement of Financial Activities (incorporating income and expenditure account) |
22 |
| Balance Sheet |
23-24 |
| Statement of Cash Flows |
25 |
| Notes to the Financial Statements |
26 - 43 |
| Trustees |
Brenda Ellis, Chairman |
|
Bob Newman, Vice Chair |
|
Dr Jonathan Geldard, Treasurer |
|
Charlotte Fitzgerald, Trustee (resigned 3 September 2022) |
|
Mark Norman, Trustee |
|
Michael Page, Trustee |
|
Indira Allen, Trustee |
|
Anne Brown, Trustee |
|
Thea Roper, Trustee (appointed 7 September 2022) |
| Company registered |
|
| number |
05325167 |
| Charity registered |
|
| number |
1108177 |
| Registered office |
Imperial House |
|
20-22 Rosemary Road |
|
Clacton on Sea |
|
Essex |
|
C0151NZ |
| Company secretary |
Sharon Alexander |
| Chief executive officer |
Sharon Alexander |
| Independent auditor |
SB Audit LLP |
|
Chartered Accountants and Statutory Auditor |
|
820 The Crescent |
|
Colchester Business Park |
|
Colchester |
|
Essex |
|
C049YQ |
| Bankers |
CAF Bank Limited |
|
Kings Hill |
|
West Mailing |
|
Kent |
|
ME19 4JQ |
|
CCLA Investment Management |
|
COIF Charity Funds |
|
80 Cheapside |
|
London |
|
EC2V 6DZ |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
funds |
|
|
2023 |
2023 |
2023 |
2023 |
2022 |
|
Note |
£ |
£ |
£ |
£ |
£ |
| Income and |
|
|
|
|
|
|
| endowments from: |
|
|
|
|
|
|
| Grants and donations |
4 |
936,432 |
944,071 |
|
1,880,503 |
2,991,909 |
| Charitable activities |
5 |
83,726 |
169,363 |
- |
253,089 |
82,784 |
| Other trading activities |
6 |
4,699 |
690 |
- |
5,389 |
8,142 |
| Investments |
7 |
25,061 |
- |
- |
25,061 |
1,835 |
| Total income and |
|
|
|
|
|
|
| endowments |
|
1,049,918 |
1,114,124 |
- |
2,164,042 |
3,084,670 |
| Expenditure on: |
|
|
|
|
|
|
| Charitable activities |
9 |
989,517 |
1,033,341 |
3,575 |
2,026,433 |
1,406,075 |
| Total expenditure |
|
989,517 |
1,033,341 |
3,575 |
2,026,433 |
1,406,075 |
| Net income/ |
|
|
|
|
|
|
| (expenditure) before |
|
|
|
|
|
|
| net gains on |
|
|
|
|
|
|
| investments |
|
60,401 |
80,783 |
(3,575) |
137,609 |
1,678,595 |
| Net gain on investment |
|
|
|
|
|
|
| property |
|
24,215 |
- |
- |
24,215 |
- |
| Net movement in |
|
|
|
|
|
|
| funds |
|
84,616 |
80,783 |
(3,575) |
161,824 |
1,678,595 |
| Reconciliation of |
|
|
|
|
|
|
| funds: |
|
|
|
|
|
|
| Total funds brought |
|
|
|
|
|
|
| forward |
|
1,369,971 |
1,563,975 |
350,315 |
3,284,261 |
1,605,666 |
| Net movement in funds |
|
84,616 |
80,783 |
(3,575) |
161,824 |
1,678,595 |
| Total funds carried |
|
|
|
|
|
|
| forward |
|
1,454,587 |
1,644,758 |
346,740 |
3,446,085 |
3,284,261 |
|
|
|
2023 |
|
2022 |
|
Note |
|
£ |
|
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
13 |
|
1,068,927 |
|
1,091,698 |
| Investment property |
14 |
|
137,655 |
|
_ |
|
|
|
1,206,582 |
|
1,091,698 |
| Current assets |
|
|
|
|
|
| Debtors |
15 |
503,255 |
|
255,031 |
|
| Cash at bank and in hand |
|
2,216,682 |
|
2,924,460 |
|
|
|
2,719,937 |
|
3,179,491 |
|
| Creditors: amounts falling due within one |
|
|
|
|
|
| year |
16 |
(262,934) |
|
(604,428) |
|
| Net current assets |
|
|
2,457,003 |
|
2,575,063 |
| Total assets less current liabilities |
|
|
3,663,585 |
|
3,666,761 |
| Creditors: amounts falling due after more |
|
|
|
|
|
| than one year |
17 |
|
(217,500) |
|
(382,500) |
| Net assets excluding pension asset |
|
|
3,446,085 |
|
3,284,261 |
| Total net assets |
|
|
3,446,085 |
|
3,284,261 |
| Charity funds |
|
|
|
|
|
| Endowment funds |
19 |
|
346,740 |
|
350,315 |
| Restricted funds |
19 |
|
1,644,758 |
|
1,563,975 |
| Unrestricted funds |
19 |
|
1,454,587 |
|
1,369,971 |
| Total funds |
|
|
3,446,085 |
|
3,284,261 |
|
|
2023 |
2022 |
|
Note |
£ |
£ |
| Cash flows from operating activities |
|
|
|
| Net cash (used in)/provided by operating activities |
22 |
(602,263) |
1,959,267 |
| Cash flows from investing activities |
|
|
|
| Interest received |
|
14,544 |
1,835 |
| Purchase of tangible fixed assets |
|
(92,404) |
(19,949) |
| Purchase of investment properties |
|
(27,655) |
|
| Net cash used in investing activities |
|
(105,515) |
(18,114) |
| Cash flows from financing activities |
|
|
|
| Net cash provided by financing activities |
|
- |
- |
| Change in cash and cash equivalents in the year |
|
(707,778) |
1,941,153 |
| Cash and cash equivalents at the beginning of the year |
|
2,924,460 |
983,307 |
| Cash and cash equivalents at the end of the year |
23 |
2,216,682 |
2,924,460 |
| The notes on pages 26 to 43 form part of these financial statements |
|
|
|
| Freehold property |
- 1 % straight line |
| Beach Hut |
-10% straight line |
| Motor vehicles |
- 20% straight line |
| Fixtures and fittings |
-6% - 25% straight line |
| Computer equipment |
- 33% straight line |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2023 |
|
£ |
£ |
£ |
| Donations |
81,220 |
4,247 |
85,467 |
| Grants |
855,212 |
939,824 |
1,795,036 |
|
936,432 |
944,071 |
1,880,503 |
|
As restated |
As restated |
|
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
| Donations |
13,836 |
- |
13,836 |
| Grants |
1,526,405 |
1,451,668 |
2,978,073 |
|
1,540,241 |
1,451,668 |
2,991,909 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2023 |
|
£ |
£ |
£ |
| Contributions from Imperial House |
78,250 |
169,363 |
247,613 |
| Management and other fees |
2,925 |
- |
2,925 |
| Other Charitable Activities |
2,551 |
- |
2,551 |
|
83,726 |
169,363 |
253,089 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2022 |
2022 |
|
|
£ |
£ |
| Contributions from Imperial House |
|
75,394 |
75,394 |
| Management and other fees |
|
2,530 |
2,530 |
| Other Charitable Activities |
|
4,860 |
4,860 |
|
|
82,784 |
82,784 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2023 |
2023 |
2023 |
|
£ |
£ |
£ |
| Beach Hut etc |
4,699 |
. |
4,699 |
| Community Fair |
- |
690 |
690 |
|
4,699 |
690 |
5,389 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
| Beach Hut etc |
3,978 |
_ |
3,978 |
| Community Fair |
- |
335 |
335 |
| Friendship cafe |
- |
3,829 |
3,829 |
|
3,978 |
4,164 |
8,142 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2023 |
2023 |
|
£ |
£ |
| Investment property income |
10,517 |
10,517 |
| Bank interest |
14,544 |
14,544 |
|
25,061 |
25,061 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
|
£ |
£ |
| Bank interest |
1,835 |
1,835 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2023 |
2023 |
|
£ |
£ |
| Audit fees |
8,500 |
8,500 |
| Staff costs |
12,156 |
12,156 |
|
20,656 |
20,656 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
|
£ |
£ |
| Audit fees |
7,800 |
7,800 |
| Staff costs |
12,000 |
12,000 |
|
19,800 |
19,800 |
|
Unrestricted |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
funds |
|
2023 |
2023 |
2023 |
2023 |
|
£ |
£ |
£ |
£ |
| Depreciation on fixed assets used for |
|
|
|
|
| charitable purposes |
23,673 |
2,142 |
3,575 |
29,390 |
| Cost of activities in furtherance of the charity's |
|
|
|
|
| objectives |
889,044 |
1,087,343 |
_ |
1,976,387 |
| Governance (note 8) |
20,656 |
- |
- |
20,656 |
|
933,373 |
1,089,485 |
3,575 |
2,026,433 |
|
Unrestricted |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
£ |
| Depreciation on fixed assets used for |
|
|
|
|
| charitable purposes |
19,019 |
1,462 |
3,575 |
24,056 |
| Cost of activities in furtherance of the charity's |
|
|
|
|
| objectives |
1,117,292 |
244,927 |
- |
1,362,219 |
| Governance (note 8) |
19,800 |
- |
- |
19,800 |
|
1,156,111 |
246,389 |
3,575 |
1,406,075 |
|
2023 |
2022 |
|
£ |
£ |
| Net income/(expenditure) is stated after charging: |
|
|
| Audit fees |
8,500 |
7,800 |
| Depreciation |
29,390 |
24,056 |
| Staff pension contributions |
16,818 |
12,386 |
|
2023 |
2022 |
|
£ |
£ |
| Wages and salaries |
864,568 |
645,729 |
| Social security costs |
66,585 |
39,029 |
| Contribution to defined contribution pension schemes |
16,818 |
12,386 |
|
947,971 |
697,144 |
|
Freehold |
Fixtures and |
Motor |
|
|
property |
fittings |
vehicles |
Total |
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
| At 1 April 2022 |
1,290,018 |
193,140 |
- |
1,483,158 |
| Additions |
18,000 |
66,904 |
7,500 |
92,404 |
| Transfer to investment properties |
(90,778) |
- |
- |
(90,778) |
| At 31 March 2023 |
1,217,240 |
260,044 |
7,500 |
1,484,784 |
| Depreciation |
|
|
|
|
| At 1 April 2022 |
212,722 |
178,738 |
- |
391,460 |
| Charge for the year |
18,120 |
9,770 |
1,500 |
29,390 |
| Transfer to investment properties |
(4,993) |
- |
- |
(4,993) |
| At 31 March 2023 |
225,849 |
188,508 |
1,500 |
415,857 |
| Net book value |
|
|
|
|
| At 31 March 2023 |
991,391 |
71,536 |
6,000 |
1,068,927 |
| At 31 March 2022 |
1,077,296 |
14,402 |
- |
1,091,698 |
|
Freehold |
|
investment |
|
property |
|
£ |
| Valuation |
|
| Additions |
27,655 |
| Surplus on revaluation |
24,215 |
| Transfer from fixed assets (seenote 13) |
85,785 |
| At 31 March 2023 |
137,655 |
|
2023 |
2022 |
|
£ |
£ |
| Trade debtors |
502,975 |
255,031 |
| Other debtors |
280 |
|
|
503,255 |
255,031 |
|
2023 |
2022 |
|
£ |
£ |
| Trade creditors |
27,502 |
15,084 |
| Other taxation and social security |
- |
12,444 |
| Other creditors |
5,057 |
3,208 |
| Accruals and deferred income |
230,375 |
573,692 |
|
262,934 |
604,428 |
|
2023 |
2022 |
|
£ |
£ |
| Deferred income |
|
|
| Deferred income at 1 April 2022 |
948,392 |
694,820 |
| Resources deferred during the year |
6,875 |
788,392 |
| Amounts released from previous periods |
(515,892) |
(534,820) |
|
439,375 |
948,392 |
| Creditors: Amounts falling due after more than one year |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Accruals and deferred income |
217,500 |
382,500 |
| Financial instruments |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Financial assets |
|
|
| Financial assets measured at transaction price |
503,255 |
255,031 |
|
2023 |
2022 |
|
£ |
£ |
| Financial liabilities |
|
|
| Financial liabilities measured at transaction price |
480,434 |
974,484 |
| Financial assets comprise trade and other debtors. |
|
|
|
As restated |
|
|
|
|
Balance at |
|
Balance at 1 |
|
|
Transfers |
Gains/ |
31 March |
|
April 2022 |
Income |
Expenditure |
in/out |
(Losses) |
2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Unrestricted |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| CIC/Imperial |
|
|
|
|
|
|
| House |
53,431 |
50,789 |
(25,675) |
. |
|
78,545 |
| Harwich Centre |
|
|
|
|
|
|
| (HC) |
1,043 |
3,289 |
(3,850) |
|
|
482 |
| Fundraising and |
|
|
|
|
|
|
| sundry |
|
|
|
|
|
|
| charitable |
|
|
|
|
|
|
| accounts |
25,790 |
94,543 |
(78,179) |
|
|
42,154 |
| Lunch Club (LC) |
321,174 |
18,448 |
(81,096) |
- |
- |
258,526 |
| Resilience |
597 |
209,456 |
(94,737) |
- |
- |
115,316 |
| Social |
|
|
|
|
|
|
| Prescribing |
455,453 |
402,214 |
(457,558) |
|
m |
400,109 |
| Property |
|
|
|
|
|
|
| maintenance |
|
|
|
|
|
|
| reserve |
100,408 |
|
(17,178) |
|
|
83,230 |
| Core TCVS |
347,577 |
218,436 |
(205,928) |
- |
24,215 |
384,300 |
| Health projects |
64,498 |
52,743 |
(25,316) |
- |
- |
91,925 |
|
1,369,971 |
1,049,918 |
(989,517) |
- |
24,215 |
1,454,587 |
| Endowment |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Building |
|
|
|
|
|
|
| Development |
|
|
|
|
|
|
| Fund |
350,315 |
|
(3,575) |
|
|
346,740 |
|
As restated |
|
|
|
|
|
Balance at |
|
Balance at 1 |
|
|
|
Transfers |
Gains/ |
31 March |
|
April 2022 |
Income |
|
Expenditure |
in/out |
(Losses) |
2023 |
|
£ |
|
£ |
£ |
£ |
£ |
£ |
| Restricted |
|
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
|
| Healthier |
|
|
|
|
|
|
|
| Independent |
|
|
|
|
|
|
|
| Longer Lives |
|
|
|
|
|
|
|
| (HILL) |
104,064 |
85,884 |
|
(124,435) |
|
|
65,513 |
| LDP |
55,142 |
126,847 |
|
(136,137) |
- |
- |
45,852 |
| Grassroots |
44 |
- |
|
(44) |
- |
- |
- |
| Colchester |
|
|
|
|
|
|
|
| Catalyst: HC |
91,238 |
. |
|
(931) |
. |
. |
90,307 |
| Capital Fund |
143,312 |
- |
|
(1,462) |
- |
- |
141,850 |
| Men's Mental |
|
|
|
|
|
|
|
| Health |
|
|
|
|
|
|
|
| Community |
|
|
|
|
|
|
|
| Fund |
6,672 |
|
|
(6,672) |
|
|
|
| Essex Carers |
40,000 |
- |
|
(40,000) |
- |
- |
- |
| Active Essex |
1,192 |
- |
|
(1,192) |
- |
- |
- |
| Live Well |
1,065,000 |
245,738 |
|
(483,181) |
- |
- |
827,557 |
| Sector |
|
|
|
|
|
|
|
| Sustainability |
44,048 |
350,262 |
|
(184,131) |
. |
. |
210,179 |
| Seeds 4 Growth |
13,263 |
37,597 |
|
(50,860) |
- |
- |
- |
| Winter warmth |
|
|
|
|
|
|
|
| campaign |
_ |
4,296 |
|
(4,296) |
. |
. |
. |
| Tendring Place |
* |
263,500 |
|
• |
■ |
■ |
263,500 |
|
1,563,975 |
1,114,124 |
|
(1,033,341) |
- |
- |
1,644,758 |
| Total of funds |
3,284,261 |
2,164,042 |
|
(2,026,433) |
- |
24,215 |
3,446,085 |
|
|
|
|
|
|
As restated |
|
|
|
|
|
|
Balance at |
|
Balance at |
As restated |
|
Transfers |
Gains/ |
31 March |
|
1 April 2021 |
Income |
Expenditure |
in/out |
(Losses) |
2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Unrestricted |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| CIC/Imperial |
|
|
|
|
|
|
| House |
49,295 |
62,196 |
(58,060) |
|
|
53,431 |
| Harwich Centre |
|
|
|
|
|
|
| (HC) |
_ |
2,601 |
(36,558) |
35,000 |
_ |
1,043 |
| Fundraising and |
|
|
|
|
|
|
| sundry |
|
|
|
|
|
|
| charitable |
|
|
|
|
|
|
| accounts |
24,288 |
3,978 |
(2,476) |
|
|
25,790 |
| Lunch Club (LC) |
314,330 |
17,906 |
(26,062) |
15,000 |
- |
321,174 |
| Resilience |
39,733 |
167,117 |
(206,253) |
- |
- |
597 |
| Social |
|
|
|
|
|
|
| Prescribing |
54,710 |
641,631 |
(225,888) |
(15,000) |
_ |
455,453 |
| Property |
|
|
|
|
|
|
| maintenance |
|
|
|
|
|
|
| reserve |
100,408 |
|
|
|
|
100,408 |
| Core TCVS |
314,480 |
304,969 |
(271,872) |
- |
- |
347,577 |
| Health projects |
- |
428,440 |
(328,942) |
(35,000) |
- |
64,498 |
|
897,244 |
1,628,838 |
(1,156,111) |
- |
- |
1,369,971 |
| Endowment |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Building |
|
|
|
|
|
|
| Development |
|
|
|
|
|
|
| Fund |
353,890 |
|
(3,575) |
|
|
350,315 |
|
|
|
|
|
|
As restated |
|
|
|
|
|
|
Balance at |
|
Balance at |
As restated |
|
Transfers |
Gains/ |
31 March |
|
1 April 2021 |
Income |
Expenditure |
in/out |
(Losses) |
2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Restricted |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Healthier |
|
|
|
|
|
|
| Independent |
|
|
|
|
|
|
| Longer Lives |
|
|
|
|
|
|
| (HILL) |
99,641 |
102,500 |
(98,077) |
|
|
104,064 |
| LDP |
16,241 |
69,834 |
(30,933) |
- |
- |
55,142 |
| Grassroots |
1,707 |
600 |
(2,263) |
- |
- |
44 |
| Colchester |
|
|
|
|
|
|
| Catalyst: HC |
92,169 |
|
(931) |
_ |
. |
91,238 |
| Capital Fund |
144,774 |
- |
(1,462) |
- |
- |
143,312 |
| Men's Mental |
|
|
|
|
|
|
| Health |
|
|
|
|
|
|
| Community |
|
|
|
|
|
|
| Fund |
|
55,642 |
(48,970) |
|
|
6,672 |
| Essex Carers |
- |
40,000 |
- |
- |
- |
40,000 |
| Active Essex |
- |
1,492 |
(300) |
- |
- |
1,192 |
| Live Well |
- |
1,065,000 |
- |
- |
- |
1,065,000 |
| Sector |
|
|
|
|
|
|
| Sustainability |
. |
100,660 |
(56,612) |
|
- |
44,048 |
| Seeds 4 Growth |
- |
15,808 |
(2,545) |
- |
- |
13,263 |
| Winter warmth |
|
|
|
|
|
|
| campaign |
_ |
4,296 |
(4,296) |
- |
- |
- |
| Tendring Place |
- |
- |
- |
- |
- |
- |
|
354,532 |
1,455,832 |
(246,389) |
- |
- |
1,563,975 |
| Total of funds |
1,605,666 |
3,084,670 |
(1,406,075) |
. |
_ |
3,284,261 |
|
As restated |
|
|
|
Balance at |
|
Balance at 1 |
|
|
Gains/ |
31 March |
|
April 2022 |
Income |
Expenditure |
(Losses) |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| General funds |
1,369,971 |
1,049,918 |
(989,517) |
24,215 |
1,454,587 |
| Endowment funds |
350,315 |
- |
(3,575) |
- |
346,740 |
| Restricted funds |
1,563,975 |
1,114,124 |
(1,033,341) |
- |
1,644,758 |
|
3,284,261 |
2,164,042 |
(2,026,433) |
24,215 |
3,446,085 |
|
|
|
|
|
As restated |
|
|
|
|
|
Balance at |
|
Balance at |
As restated |
|
Transfers |
31 March |
|
1 April 2021 |
Income |
Expenditure |
in/out |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| General funds |
897,244 |
1,628,838 |
(1,156,111) |
- |
1,369,971 |
| Endowment funds |
353,890 |
- |
(3,575) |
- |
350,315 |
| Restricted funds |
354,532 |
1,455,832 |
(246,389) |
- |
1,563,975 |
|
1,605,666 |
3,084,670 |
(1,406,075) |
- |
3,284,261 |
|
Unrestricted |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
funds |
|
2023 |
2023 |
2023 |
2023 |
|
£ |
£ |
£ |
£ |
| Tangible fixed assets |
311,158 |
411,029 |
346,740 |
1,068,927 |
| Investment property |
137,655 |
- |
- |
137,655 |
| Current assets |
1,373,708 |
1,346,229 |
- |
2,719,937 |
| Creditors due within one year |
(187,934) |
(75,000) |
- |
(262,934) |
| Creditors due in more than one year |
(180,000) |
(37,500) |
- |
(217,500) |
| Total |
1,454,587 |
1,644,758 |
346,740 |
3,446,085 |
|
As restated |
As restated |
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
£ |
| Tangible fixed assets |
388,313 |
353,070 |
350,315 |
1,091,698 |
| Current assets |
1,968,586 |
1,210,905 |
- |
3,179,491 |
| Creditors due within one year |
(604,428) |
- |
- |
(604,428) |
| Creditors due in more than one year |
(382,500) |
- |
- |
(382,500) |
| Total |
1,369,971 |
1,563,975 |
350,315 |
3,284,261 |
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Net income for the year (as per Statementof Financial Activities) |
161,824 |
1,678,595 |
|
Adjustments for: |
|
|
|
Depreciation charges |
29,390 |
24,056 |
|
Interest received |
(14,544) |
(1,835) |
|
Gains on investments |
(24,215) |
- |
|
(lncrease)/decrease in debtors |
(248,224) |
11,757 |
|
(Decrease)/increase in creditors |
(506,494) |
246,694 |
|
Net cash (used in)/provided by operating activities |
(602,263) |
1,959,267 |
| 23. |
Analysis of cash and cash equivalents |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Cash in hand |
2,216,682 |
2,924,460 |
|
Total cash and cash equivalents |
2,216,682 |
2,924,460 |
|
At 1 April |
|
At 31 March |
|
2022 |
Cash flows |
2023 |
|
|
£ |
£ |
|
£ |
|
|
| Cash at bank and in hand |
2,924,460 |
(707,778) |
2,216,682 |
|
2,924,460 |
(707,778) |
2,216,682 |