Company registration number: 05445937 Charity registration number: 1111658
All Saints Centre Huthwaite Ltd
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2023
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
All Saints Centre Huthwaite Ltd
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 to 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 19 |
All Saints Centre Huthwaite Ltd
Reference and Administrative Details
Trustees Charles Maiden Sue Maiden Jean Simmonds Christine Evans Helen Hayes David Rothery Jo Redfern Tom Whittaker Yvonne Shaw Secretary David Rothery Senior Management Team David Mills, Centre Manager Charity Registration Number 1111658 Company Registration Number 05445937 Registered Office The Vicarage Blackwell Road Huthwaite Sutton in Ashfield Nottinghamshire NG17 2QT Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
All Saints Centre Huthwaite Ltd
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2023.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Charles Maiden Sue Maiden Jean Simmonds Christine Evans Helen Hayes David Rothery Jo Redfern Tom Whittaker Yvonne Shaw (appointed 22 September 2022) Elaine Wainaina (resigned 22 September 2022)
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 6th May 2005. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Recruitment and appointment of trustees
Overall management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the memorandum and articles of association:
-
Up to 5 Trustees are appointed by Huthwaite Parochial Church Council;
-
Up to 2 are nominated from Community and Users forum;
-
Up to 2 are nominated by major user; Additional co-opted members are appointed by the above Trustees.
Objectives and activities
Objects and aims
The principal objects of the charity are:
• To promote the benefit of the inhabitants of Huthwaite, and surrounding areas of Sutton-in-Ashfield and Ashfield “the area of benefit”, and to encourage these inhabitants to join together with voluntary and other organisations in a collective effort to advance learning and education, relieve poverty and to provide facilities and activities in the interest of social welfare for recreation and other leisure time activities with this object of improving condition of life for these inhabitants;
• To develop capacity and skills of the socially economic disadvantaged inhabitants in the company’s “area of benefit” in such a way as they are better able to identify, and help meet, their needs and to participate more fully in society;
• To establish a community resource centre and to maintain and manage the same, whether alone or in co-operation with any local authority or other organisations in furtherance of these objects.
Page 2
All Saints Centre Huthwaite Ltd
Trustees' Report
Objectives, strategies and activities
All Saints Infant School: we supported All Saints Infant School to deliver a Nursery for under 5’s in our Centre. All Saints Infant School also hold their P.E. lessons in our hall as well as after school clubs.
East Midlands Housing and Social Care: Use the centre as a base to provide adult education and support. In addition the organisation use the centre for staff training.
The Centre is used as a venue for various organisations as below.
The Centre operated under the relevant Covid guidelines.
The Centre supported the Warm Spaces action plan providing a meeting point for the local community, with free food and refreshments. This was supported by volunteers and grants from local organisations, including the Asda Foundation and Notts County Council (through our local Councillor).
We are also a base for:
Cubs, Scouts and Beavers; Thriving Baby & Toddler Group; Tea Dances; Knit & Knatter Group; Community choir; Craft Group; Polling Station by Ashfield District Council. Beauty Therapist; Evening Youth Hangout for 11-18yr olds; Summer Fun Days/Craft Days during August with free food; NCC Children’s Centre activities and regular 6 week courses; Targeted Parenting Classes; Church Fairs; West Notts College Adult Education Courses.
Public benefit
Until September, our Community Café continued to provide a volunteer run service to the local community offering a meeting space with low cost food and drink to help relieve social isolation. Since September, the focus of our Community Café has changed and is currently a weekday Warm Space. The Café targets those who are affected by food and/or fuel poverty. The Café runs due to the commitment of those who volunteer their time and expertise.
The Warm Spaces project has been a success attracting a wide range of people from the local community offering free snacks and drinks.
We envisage the large numbers of parents and their children who attend the weekly Baby & Toddler Group will be able to access a range of educationally sound play/craft activities. However, this will be based upon the commitment of a small group of volunteers who are involved in organising and running it.
The continued development of our working partnership with East Midlands Housing and Social Care has seen a large number of new users come into the Centre.
Volunteer led after school family events such as Children’s Craft events, a weekly Women’s Group and Women’s Film Nights, Men’s Breakfast and a monthly Table Top Sale are undertaken.
Whilst the Centre provides much for parents with young children, we have also been able to provide a real mix of activities and opportunities for people of all ages.
Page 3
All Saints Centre Huthwaite Ltd
Trustees' Report
Youth Hang Out: run by volunteers, it offers a safe meeting place for young people. It has a reqular attendance of 30+ youngsters, where free food, drinks, and recreation are on offer.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
We have made significant investment in the fabric and equipment of the Centre to ensure a high quality, safe and effective service can be offered.
We have used the many grants obtained during the past year to maintain the Centre in good order and undertake all our legal and health and safety requirments.
We are looking to seek funding to help us reduce our carbon footprint, in order to reach government targets, eg. solar panels, heat pumps etc.
Financial review
We look to expand our client base but there still remains a shortfall in out income post the exit of Nottinghamshire Child Care services.
The Community Café provides significant income for the Centre. This is now operating on a limited basis each week.
A significant spend was required for replacement heating (boilers etc.) and we are constantly reviewing any green options available to us. This made an impact on our finances but was a "must" do action to keep the Centre running.
Roof repairs utilised some of the "ring fenced" reserves we hold along with expense on lighting both inside and outside the Centre.
The car park has been re marked to ensure safe parking and disabled options.
We have agreed with the All Saints Church PCC to hold the rental cost paid to them at last year's rate.
Policy on reserves
Despite reductions in revenue, we still operate with the following principles:
•Regular reviews of our financial position at Trustee meetings (“Finance” is a standing item on the agenda);
- •Annual budgets being communicated to and agreed by Trustees;
•Timely applications for additional revenue funding to meet ongoing costs;
•Applying for additional funding when opportunities for new services are highlighted that will incur additional costs.
We continue in our aim to become financially self-sufficient though it is clear how difficult it is to achieve this in the current financial and political climate.
Reserves essentially are used to meet maintenance and repair costs as the building ages.
Page 4
All Saints Centre Huthwaite Ltd
Trustees' Report
Principal risks and uncertainties
Centre operations
The Centre Manager is trained in completing risk assessments and has completed Health and Safety and Fire Training courses. The three part-time Caretakers also undergo regular training, including Health & Safety Training. The organisation has successfully completed the PQASSO Level 1 in quality assurance.
Trustee Roles & Responsibilities
The Company Secretary undertakes a monthly financial review along with the Centre Manager. We have regular Trustee meetings with a structured agenda. This gives opportunity to pick up on any issues that may arise at regular intervals. The agenda includes Manager’s Report, Finance, update from the main user of the building, Risk Assessments, staff issues, Public Concerns etc.
Income & expenditure
Trustees are intensifying efforts to look at ways to protect the long-term viability of the charity. This still includes, but is not limited to applying for more revenue funding, requesting additional contributions from connected organisations, trying to open new income streams and options to reduce costs.
Given that our reserves are reducing, the Trustees recognise that any reduction will have serious consequences for our ability to continue operating and providing the many services delivered to our local community through the charity/building.
Page 5
nF4y th¢ Conpnies Aa 2(rf)6. They aye alw r•wible f(v of the dwitsble Z3. Ind ii8nal its bd¥ifby:
All Saints Centre Huthwaite Ltd
Independent Examiner's Report to the trustees of All Saints Centre Huthwaite Ltd ('the Company')
Independent examiner’s report to the trustees of All Saints Centre Huthwaite Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
......................................
John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Date:.............................
Page 7
All Saints Centre Huthwaite Ltd
Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net (expenditure)/income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 19 |
Unrestricted £ 2,508 61,778 208 64,494 (83,620) (83,620) (19,126) 2,350 (16,776) 42,534 25,758 |
Restricted £ - 7,750 - 7,750 (5,400) (5,400) 2,350 (2,350) - - - |
Total 2023 £ 2,508 69,528 208 72,244 (89,020) (89,020) (16,776) - (16,776) 42,534 25,758 |
Total 2022 £ 16,060 70,429 - |
|---|---|---|---|---|
| 86,489 | ||||
| (84,383) | ||||
| (84,383) | ||||
| 2,106 - |
||||
| 2,106 40,428 |
||||
| 42,534 |
All of the charity's activities derive from continuing operations during the two periods.
The notes on pages 11 to 19 form an integral part of these financial statements. Page 8
All Saints Centre Huthwaite Ltd
Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Total income Expenditure on: Charitable activities 6 Total expenditure Net income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 19 |
Unrestricted funds £ 16,060 68,529 84,589 (83,893) (83,893) 696 1,810 2,506 40,028 42,534 |
Restricted funds £ - 1,900 1,900 (490) (490) 1,410 (1,810) (400) 400 - |
Total 2022 £ 16,060 70,429 |
|---|---|---|---|
| 86,489 | |||
| (84,383) | |||
| (84,383) | |||
| 2,106 - |
|||
| 2,106 40,428 |
|||
| 42,534 |
The notes on pages 11 to 19 form an integral part of these financial statements. Page 9
Bal•nee Sheet M at 31 MAr¢k 2023 Y4•te 11070 1.959 12 13 8.445 9.115 9.133 33,169 17J(11 14 372 1.72 40575 Net A•xts 42J34 25,758 42J34 19 25.758 42J34 IiBDal theiT bethf ty.
All Saints Centre Huthwaite Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
All Saints Centre Huthwaite Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 11
All Saints Centre Huthwaite Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Fixtures & fittings 20.0% straight line General equipment 20.0% straight line IT equipment 33.3% straight line
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Page 12
All Saints Centre Huthwaite Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.
2 Income from donations and legacies
| Grants, including capital grants; Government grants Other income from donations and legacies |
Unrestricted funds General £ - 2,508 2,508 |
Total 2023 £ - 2,508 2,508 |
Total 2022 £ 15,472 588 |
|---|---|---|---|
| 16,060 |
Page 13
All Saints Centre Huthwaite Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
3 Income from charitable activities
| Grants Rental & room hire Catering income Other income All Saints Nursery rental income EMH Care & Support rental income SP Sports Massage rental income Alymar Aesthetics rental income The Notts Children and Family Services rental income |
Unrestricted funds General £ - 35,439 3,974 43 5,500 10,000 5,004 1,818 - 61,778 |
Restricted funds £ 7,750 - - - - - - - - 7,750 |
Total 2023 £ 7,750 35,439 3,974 43 5,500 10,000 5,004 1,818 - 69,528 |
Total 2022 £ 1,900 37,867 1,223 101 5,500 7,500 3,336 3,078 9,924 |
|---|---|---|---|---|
| 70,429 |
| 4 Grants & donations Nottinghamshire County Council Asda The Thomas Farr Charity All Saints Little Stars Huthwaite PCC Sundry donations 5 Investment income Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds £ - - - 400 300 1,808 2,508 Unrestricted funds General £ 208 |
Restricted funds £ 1,700 1,050 5,000 - - - 7,750 Total 2023 £ 208 |
Total £ 1,700 1,050 5,000 400 300 1,808 |
|---|---|---|---|
| 10,258 | |||
| Total 2022 £ - |
Page 14
All Saints Centre Huthwaite Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
6 Expenditure on charitable activities
| Alarm & security Bank charges Cleaning Depreciation Equipment, repairs & renewals Food & catering Health & safety Insurance Licences Payroll expenses Premises maintenance Printing & stationery Professional & admin fees Publicity Rent Sundry expenditure Telephone, IT & postage Utilities Wages, NI & pension |
Unrestricted funds General £ 1,013 252 5,736 490 800 191 204 2,932 386 615 7,094 104 825 107 12,000 182 681 11,050 38,958 83,620 |
Restricted funds £ - - - 2,650 - 2,750 - - - - - - - - - - - - - 5,400 |
Total 2023 £ 1,013 252 5,736 3,140 800 2,941 204 2,932 386 615 7,094 104 825 107 12,000 182 681 11,050 38,958 89,020 |
Total 2022 £ 1,147 101 5,522 490 413 804 - 2,805 1,892 660 14,081 333 709 153 10,000 - 884 10,421 33,968 |
|---|---|---|---|---|
| 84,383 |
7 Net incoming/outgoing resources
Net (outgoing)/incoming resources for the year include:
Depreciation of fixed assets
| 2023 £ 3,140 |
2022 £ 490 |
|---|---|
Page 15
All Saints Centre Huthwaite Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
8 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Pension costs |
2023 £ 37,692 1,266 38,958 |
2022 £ 32,830 1,138 |
|---|---|---|
| 33,968 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| Average no. of employees | 2023 No 4 |
2022 No 3 |
|---|---|---|
1 (2022 - 1) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £1,266 (2022 - £1,138).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £22,357 (2022 - £20,111).
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
10 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
| Independent examination Other financial services |
2023 £ 610 520 1,130 |
2022 £ 580 548 |
|---|---|---|
| 1,128 |
Page 16
All Saints Centre Huthwaite Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
11 Tangible fixed assets
| General equipment £ Cost At 1 April 2022 20,841 Additions - At 31 March 2023 20,841 Depreciation At 1 April 2022 18,882 Charge for the year 490 At 31 March 2023 19,372 Net book value At 31 March 2023 1,469 At 31 March 2022 1,959 12 Debtors Trade debtors Prepayments Other debtors 13 Cash and cash equivalents Cash on hand Cash at bank 14 Creditors: amounts falling due within one year Trade creditors Other creditors |
IT equipment £ 651 - |
Fixtures & fittings £ 4,327 13,251 |
Total £ 25,819 13,251 39,070 23,860 3,140 27,000 12,070 1,959 2022 £ 5,958 3,175 - |
||
|---|---|---|---|---|---|
| 651 | 17,578 | ||||
| 651 - |
4,327 2,650 |
||||
| 651 | 6,977 | ||||
| - | 10,601 | ||||
| - | - | ||||
| 2023 £ 3,210 3,492 1,743 8,445 2023 £ 50 9,065 9,115 2023 £ 2,940 932 3,872 |
|||||
| 9,133 | |||||
| 2022 £ 50 33,119 |
|||||
| 33,169 | |||||
| 2022 £ 990 737 |
|||||
| 1,727 |
Page 17
All Saints Centre Huthwaite Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
15 Related party transactions
During the year the charity made the following related party transactions:
Helen Hayes' husband received gross pay of £5,343 (2022: £6,125) for caretaking services. At the balance sheet date the amount due was £Nil (2022 - £Nil).
16 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
17 Taxation
The charity is a registered charity and is therefore exempt from taxation.
18 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted General £ 12,070 17,560 (3,872) 25,758 Unrestricted General £ 1,959 42,302 (1,727) 42,534 |
2023 Total funds £ 12,070 17,560 (3,872) |
|---|---|---|
| 25,758 | ||
| 2022 Total funds £ 1,959 42,302 (1,727) |
||
| 42,534 |
Page 18
All Saints Centre Huthwaite Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
19 Funds
| Unrestricted funds General General Restricted funds Warm Spaces (NCC) Warm Spaces (Asda) Boilers (Thomas Farr) Total restricted funds Total funds |
Balance at 1 April 2022 £ 42,534 - - - - 42,534 |
Incoming resources £ 64,494 1,700 1,050 5,000 7,750 72,244 |
Resources expended £ (83,620) (1,700) (1,050) (2,650) (5,400) (89,020) |
Transfers £ 2,350 - - (2,350) (2,350) - |
Balance at 31 March 2023 £ 25,758 - - - |
|---|---|---|---|---|---|
| - | |||||
| 25,758 |
The transfer from the Boilers (Thomas Farr) fund to the General fund represents the part net book value of fixed assets, the use of which is not subject to any restriction.
The specific purposes for which the funds are to be applied are as follows:
Warm Spaces - funded by Nottinghamshire County Council and Asda, it targets those who are affected by food/fuel poverty, offering free snacks and drinks. Boilers (Thomas Farr Charity) - towards new boilers.
These are the figures for the previous accounting period and are included for comparative purposes:
| Unrestricted funds General General Restricted Café equipment Total funds |
Balance at 1 April 2021 £ 40,028 400 40,428 |
Incoming resources £ 84,589 1,900 86,489 |
Resources expended £ (83,893) (490) (84,383) |
Transfers £ 1,810 (1,810) - |
Balance at 31 March 2022 £ 42,534 - |
|---|---|---|---|---|---|
| 42,534 |
Page 19