## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **THE AUTISM TRUST LTD** **(COMPANY LIMITED BY GUARANTEE) CHARITY REGISTRATION NUMBER 1117657 COMPANY REGISTRATION NUMBER 05965790** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ||**Page**| |---|---| |**Legal and Administrative Information**|3| |**Directors' Report**|4 to 7| |**Independent Examiner's Report on the Accounts**|8| |**Statement of Financial Activities**|9| |**Balance Sheet**|10| |**Notes to the Accounts**|11 to 19| ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION** ## **CHARITY NUMBER** 1117657 **COMPANY REGISTRATION NUMBER** 05965790 **START OF FINANCIAL YEAR** 01 January 2023 **END OF FINANCIAL YEAR** 31 December 2023 **DIRECTORS AT 31 DECEMBER 2023** Polly Tommey (Chair) Allison Edwards Fiona Ringwood Simone Lanham Maureen Wilson The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument. ## **GOVERNING INSTRUMENT** Memorandum and Articles of Association incorporated 13 October 2006 To promote and protect the physical and mental health of adults on the autistic spectrum through the provision of support, education and practical advice and the creation and operation of high quality residential care environments. **CORRESPONDENCE ADDRESS** 12a-18a Princess Way Camberley Surrey GU15 3SP **PRIMARY BANKERS** HSBC plc 69 Pall Mall London SW1Y 5EY **INDEPENDENT EXAMINER** Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF 3 ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **Structure, Governance and Management** The Autism Trust Limited is a registered charity and a company limited by guarantee and registered in England. The liability of the members on winding up is limited to £1. The affairs of The Autism Trust are managed by the Trustees. The Trustees who served in the period were as noted on page 1. Trustees are appointed by the existing Trustees. New Trustees are encouraged to attend an orientation at the charity during which their obligations under charity and company law, the content of the memorandum and articles of association, the committee and decision making process, the charity’s business plan and recent financial performance are discussed. Trustees are also encouraged to attend external training events appropriate to their role as Trustees. ## **Background and History** The Autism Trust’s team members came with a history and association with autism through either personal, family members or relatives, or professionally through their careers, training or academic specialism. Polly Tommey, founder of the charity has a son with autism, and has worked tirelessly to raise the profile of autism in the UK and provided information to young families in need of support. We continue to focus on delivering training and services for young people with autism, and support to parents and relatives, from our base in Camberley. In addition, as explained more fully in the Trustee’s Report below, we have continued to improve our financial position through continued actions to reduce costs and increased activity to secure new donations and other fundraising activities. ## **Risk Management** The Trustees have a risk management strategy which comprises: - An annual review of the risks that The Autism Trust may face. - The establishment of systems and procedures to mitigate those risks identified in the plan. - The implementation of procedures designed to minimise any potential impact on The ## **Public Benefit** The Charity has referred to the Charity Commission Guidance on public benefit when reviewing its aims and objectives and in planning its future activities. ## **Objectives and Principal Activities** The Autism Trust helps young autistic adults to become independent and live a fulfilled life by providing training and work experience to build a better future for them. Currently only 6% of people diagnosed with autism are in employment and we passionately strive to improve this figure and the mental health and wellbeing of those with autism. Like everyone, people on the autism spectrum each have strengths and weaknesses and need to feel valued. We work with their capabilities and traits to foster independence, build life skills and increase the success of gaining employment and enabling them to live independently. We engage with individuals who have behavioural issues, lack confidence, are anxious, confused and struggle with social interactions and therefore find difficulty with day to day activities. By building a relationship and taking time to understand them, we are able to gain trust, grow confidence and turn lives around in a supportive and nurturing environment where individuals can learn and develop the skills they need to progress. 4 ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **Objectives and Principal Activities (continued)** At our Camberley centre we provide a supportive, nurturing environment that fosters independence, builds life skills and generates community support and awareness of the vast capabilities of autistic individuals. Through ASDAN Employability and Independent Living training and functional work experience we equip young adults to work and enjoy the communities they live in. Work experience is gained by managing ‘Polly’s Place’ shop selling handcrafted items and art made by people with autism. The vocational training provides specialist support, encouragement and experience is provided to help young people to confidently move on in their life. Jo came to us from school with limited life and social skills, resulting in her irritating people, losing friends and trying to dominate her environments. She also had low listening skills and couldn’t travel alone. Through bespoke training and support, Jo grew in confidence, learned to interact with people, negotiate a journey involving two trains and two taxis and passed her ASDAN Employability certification. Jo has now been successfully employed in an M&S café for two years. Her family say the routine and stability in Jo’s life has had a really positive impact on them all. We still help Jo in a social capacity and have supported her during Covid. Other trainees secured employment at Next, Royal Mail, a local boutique and one has achieved an MA Degree in Animation. They now live a life with purpose, feel valued and part of their community. Support and advice, Coffee and Support Mornings and Lego and Craft clubs for ASD families are also provided to support the wider autism community. Everyone with autism is unique and the training and support provided at The Autism Trust is bespoke and tailored to an individual’s needs. We would like to thank all our staff, volunteers and donors and funding organisations for all their generous support during 2023. ## **The Autism Trust Ltd** ## **Trustees’ report (incorporating the report of the directors) for the year ended 31 December 2022** ## **Financial review** There has been an increase in the surplus of funds at the end of 2023: £17,172, (2022: (£3147)). The Focus courses are proving very popular especially with service users who were not ready to return to face to face learning as the courses can be accessed online. Donations and fundraising income were increased during 2023 with donations significantly increased. A small grant of £500 was received from Surrey Heath Borough Council towards the cost of purchasing a gazebo for our outdoor fundraising events. Shop sales remained at a similar level to 2022. A new service user including PA support contributed to the increase in ASDAN and work experience funding. The competition for grant income has continued to impact our attempts to secure funding in this area. Despite several bids we have found it difficult to secure funding, especially for core costs. We have projects planned for 2024, specifically a kiosk and social space at Camberley station and we shall be looking to increase our grant bid efforts in order to secure funding for these. The Trustees review the reserve levels of the charitable company as part of their future planning. The aim is to provide sufficient working capital for the day-to-day operation of the Trust and to provide a cushion to deal with any unexpected emergencies which may occur in the future. This is especially the case as unrestricted grants are increasingly proving difficult to obtain. The current level of unrestricted reserves is now greater than the recommended six months operating costs. It will continue to be closely monitored by the Trustees going forward. The focus in 2024 and beyond will be on increasing the number of training programmes offered to young autistic adults as well as increasing fundraising activities and maintaining a continued tight control on expenses. 5 ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **Going concern** The management team continued to operate in 2023 with a tighter expenditure budget and continued efforts to generate new funds. The key to longer term sustainable operations lies in securing further training income and grants for specific projects. Future specific activities to secure the incremental higher contributions are being addressed through more grant applications and targeted fundraising events together with exploring additional corporate donations which the Trustees believe will deliver the required incoming resources. Therefore, after making appropriate enquiries, the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements. ## **Plans for the future** The focus is now on increasing revenue and reducing costs to enable the Autism Trust to increase the amount of training activities we are able to offer to service users. Unfortunately, due to the significant cuts to Adult Social Care funding, it has been increasingly difficult to get referrals from local authorities for service users requiring training or work experience. The funds from training activities are crucial to enable us to help more young autistic people to lead fulfilling independent lives and there is noticeably an increased need in this area. The Autism Trust is an Approved Centre to deliver ASDAN qualifications in Employability. The young people will be working towards this qualification during their work experience and the newly introduced Focus and Short courses have proved extremely popular, as they can be delivered online. 6 THE Airrism TRusf LTD (COMPANY LDirrED BY GUARANTEE) DIRECTORS. REPORT {continued) FOR THE YEAR ENDED 31sr DECEMBER 2023 statement rf DTect(X5' Re9￿c￿$b￿leS. The Charitks Act 2022 and the Cfjmpan*s kt 2006 reqU￿e the dTect¢Y5 to prqjare ￿ancia¢ statements e￿h financk41 year which give a true and fair of the state (l&fws cl the comp￿¥ as & the rfthe financial year and (* the surplus (* ¢* the charity. In prepwng th￿e ￿anCL4 statemeJbts the ¥e r4uired to :_ a} sdett sufcabfe Kcwnting p*ies and th￿ 4)ply th￿n ￿SiStent￿. bl make judg￿￿￿t$ estim&ts th& are reasl￿al￿ a)d p￿Ed￿t. cl prepare the thancBI st*ements on the gLing Cl￿ceM basi5 unk5s inwpryirl&e to pre5uffle th& will continue in business.. dl state wh&her app[tab￿ xcwnttrhg stwhdards St&&￿￿ts rf r￿nmen￿￿1 prxtice h￿¢ been SUb￿t to rnat￿ depwture5 di5¢¥J¥ed explaned n the financh4 st&￿￿ents. The Dir￿torS are *0 re5PLm5ib* fc* mantwng ad￿￿ate xcount•)g ￿(￿d5 whKh d95ck￿e r￿$mab accurary at any tkne the fknand¥ cl the CCffnp￿Y a)d wh￿h are sufficmt to and explain the companys and enab￿ th￿n to ￿$￿re that the f￿￿Cl￿ statements ccmpty with the Companies Art 2006 and CL4np￿ with regulatixs m&Je under the OJaritE4 Act 2022. They are *0 re%prmsible for sknJu¥dlng the assets of the cim￿p￿Y and ha)￿ tth￿g re>$rfftab￿ stq)s the pr￿￿￿t￿n detect￿￿ ￿ fraud and rther Irregularities. The Dir￿torS are dso resprffislbk tr the rf the D￿￿tly5. reptyt. the re5pL¥Jsbllf(y rfthe indfpendent examiner in rdathx to the DireEftxs' repcrt t5 to the ￿(rt ffisuring that (n the f¥e of the report there are no incm55tenc￿5 the d$ckfjeJ kn thefy)a)c*l st*em￿ts. These ￿CoUnt5 have preparal TAfth the prv4Ètns appkabk to Comp￿￿5 subje£t to the small compan*s regkne. 14)prfft the attathed Statern￿t bknce sheet CC*Lfirm th& I have rnedye availab all tnformatin necesswy ts ts prepaT*in. 20 z y AppnNvJ by the D￿￿or5 thÉ................................................... SKJned on thér beh* by Dr￿trff.... Pr(nt Name........ ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023** I report to the Trustees on my examination of the financial statements of The Autism Trust Ltd for the year ended 31st December 2023. ## **Responsibilities and basis of report** As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2022 (the Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2022 Act. ## **Independent examiner's statement** - I have completed my examination. I confirm that no matters have come to my attention in connection with the 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements 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 - 4 the financial statements 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 financial statements to be reached. Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 27th September 2024 8 ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** |**Incorporating Income & Expenditure Account**
**Notes**
**INCOMING RESOURCES**
Donations & Legacies
**3a**
Investment Income
**3b**
Charitable Activities
**3c**
**TOTAL INCOMING RESOURCES**
Costs of Charitable Activities
**4a**
Costs of Generating Funds
**4b**
**NET INCOMING/(OUTGOING) RESOURCES**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
**RESOURCES EXPENDED**
**TOTAL RESOURCES EXPENDED**
**TRANSFERS BETWEEN FUNDS**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2023**
**2022**
£
£
**£**
**£**
10,920
-
10,920
5,816
706
-
706
81
52,573
-
52,573
36,434| |---|---| ||**64,200**
**-**
**64,200**
**42,331**| ||46,635
-
46,635
45,315
392
-
392
163| ||**47,028**
**-**
**47,028**
**45,478**| ||| ||**17,172**
**-**
**17,172**
**(3,147)**
-
-
-
-| ||**17,172**
**-**
**17,172**
**(3,147)**| ||38,940
11,656
50,596
53,743| ||**56,112**
**11,656**
**67,768**
**50,596**| All of the Charity's operations are classed as continuing operations. The notes form part of these financial statements, found on pages 11 to 19 9 THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARApifEE) BALANCE SHEET A5 AT 31 DECEMBER 2023 unreStrKt￿I ￿tritt￿l Fund Fund Totsl Total 31W23 314)etr22 Flxed AsEets Tangible Assrts Investment Assets Nrte5 1,303 1,303 1,020 Debtors & Prepayments Stc£k Cash at bank and in hand 6.201 2,596 47.725 6,201 2,596 59.381 5.568 2,893 42,974 11,656 T¢)tsl Currnnt Awets 178 435 CredIto￿. amwnts falling due within one year NEf CURRENT ASSETS 1,713 1,713 1.859 54,809 11,656 66,465 49.576 TOTAL ASSETS less curnt 56.1 11,656 67.768 50,S96 credito￿ amwnt5 Mng due ey io NEf ASSETS FUNDS OF THE CHARITY Gener& Funds Restricted ftjnds 56.112 56.112 11.656 38,940 11,656 11.656 TOTAL FUNDS 112 656 596 The Dir&tors are sati%ftd the Charitab￿ company was ￿tr(kn1 to exemptrm frLXM the ra]vtrfjn￿t to rl)t*i audrfc Und￿ sectK)n 477 rf the Cunpanks Act 2006 rek3ting to sm*1 The mwnbers have rbrt rquired the company to obtatn an audlt tr the yw in que5tix in xc(Ydance 476 cl the CLYApanies Act. However, in accordance 145 ofthe Chwtbes Act 2022. the xcwnts have bew exwnined by an Indep￿d￿t Examinw wl)c6e reprt appws aftpJ the Nrtes to the FIn￿c¥ 5t*eJnents. The D*KtLYls) xknowkdge thw ￿p￿ls￿)￿l y crmptywig w*h the reqU￿￿￿ts (*the Cwipanie5 Act 2006 vffth respect to ￿C￿nting recwds the preparatTh L* &ctsJnts. The xcounts have be￿ prep*a1 in ￿C￿daftCe the prrNsin5 in Part 15 ￿ the C(Mnpanies Act 2006 applicable to companE5 Subj￿ to the small c(¥vpa)es ￿lme xcrrdantt with FR5102 SORP. The dirett￿$ ￿knO￿lledge th•r responsibl*y ￿$￿r&I9 th* the cr*npany keeps pr¢otr ￿trAIntIng r￿￿d$ which compw wfch sectK)n5 386 (* the Act 2006 and for prqjarng financial Stat￿entS which gwe a true and falr VEW ofthe state ofthe company as at the the prrfrt and Ic6s the financk31 year in ¥cordance the r8]U6rern￿t c( 394 and 395 7•A)rh rthww&e crxnply with the r￿u￿￿￿entS ofthe C(mP￿TeS Act 2006 rdating to xcwnts. so fw a5 4)pk&)le to the crynpany. Approved by the Dir&tLYg C¥) tho.......... SIgn￿ on thdr behaf by Dtr￿t￿................ Fyint Name.. fioa A eir4& ￿00& Ccmpany R8]LStr&kn Numbw". 05965790 io ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **1. ACCOUNTING POLICIES** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year. ## **Basis of preparation:** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2022. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. ## **Recognition of Incoming Resources** These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability. ## **Incoming Resources with Related expenditure** Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. ## **Grants and Donations** Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## **Tax Reclaims on Donations and Gifts** Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Legal Status of the Charity** The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. ## **Gifts in Kind** Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable. ## **Volunteer Help** The value of any voluntary help received is not included in the accounts and is described in the Directors' annual report if applicable. ## **Donated Services and Facilities** These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## **Investment Income** This is included in the accounts when receivable. ## **Investment Gains and Losses** This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. This page does not form part of the statutory financial statements 11 ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## **Liability Recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## **Governance Costs** Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters. ## **Grants with Performance Conditions** Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## **Grants Payable without Performance Conditions** These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## **Pensions** Pension contributions are charged to the Statement of Financial Activities as they become payable. ## **Fund Accounting** The unrestricted funds can be spent on any activity within the charity’s overall objectives. Any restricted funds (see note 5) are to be spent on more specific uses. ## **Fixed Assets** Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## **Depreciation Expense** Depreciation is calculated at a rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: |Computer Equipment|25%|per annum on a straight line basis.| |---|---|---| |Fixtures and fittings|25%|per annum on a straight line basis.| There has been no change to the accounting polices (Variation rules and methods of accounting) since last year. This page does not form part of the statutory financial statements 12 ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **2. TANGIBLE FIXED ASSETS** |Additions
At 31 December 2023
**Net Book Value**
At 31 December 2023
At 1 January 2023
At 1 January 2023
At 31 December 2023
**Accumulated Depreciation**
At 1 January 2023
Charge for the Year
**Cost**|Computer
Equipment
Fixtures and
fittings
**2023**
£
£
£
9,468
895
10,363
1,190
-
1,190| |---|---| ||10,658
895
11,553| ||8,685
659
9,344
732
174
906| ||9,417
833
10,250| ||| ||**1,241**
**62**
**1,303**| ||783
236
1,020| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2023 : None 31st December 2022 : None This page does not form part of the statutory financial statements 13 ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **3. INCOMING RESOURCES** |**3. INCOMING RESOURCES**|| |---|---| |Note
**c) Other Trading Activities**
Other income
**b) Investment Income**
Interest Received
Shops sales/training
PA Income
**a) Donations & Legacies**
Donations/fundraising
Grants|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2023**
**2022**
£
£
**£**
**£**
10,420
-
10,420
5,816
500
-
500
-| ||**10,920**
**-**
**10,920**
**5,816**| ||706
-
706
81| ||**706**
**-**
**706**
**81**| ||43,316
-
43,316
31,608
9,257
-
9,257
4,825
-
-
-
1| ||**52,573**
**-**
**52,573**
**36,434**| This page does not form part of the statutory financial statements 14 ## **THE AUTISM TRUST LTD** ## **(COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **4. RESOURCES EXPENDED** |Note
**b) Cost of Generating Funds**
Direct costs:-
Fundraising expenditure
Goods purchased for stock
Legal & Professional fees
**Governance costs:-**
Independent Examiner Fee
Online donations service fees
Training costs
**Support Costs:-**
Staff costs
Building costs
Depreciation
Office general costs
Bank charges
Sundry expenses
Bad debt write off
**a) Charitable Activities**
**Direct costs:-**
ASDAN Qualification
Shop Expenses|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2023**
**2022**
£
£
**£**
**£**
572
-
572
683
1,549
-
1,549
1,062
29,537
-
29,537
30,319
8,107
-
8,107
6,820
906
-
906
710
4,056
-
4,056
3,314
109
-
109
100
257
-
257
880
-
-
-
100
216
-
216
216
30
-
30
-
1,056
-
1,056
996
241
-
241
115| |---|---| ||**46,635**
**-**
**46,635**
**45,315**| ||95
-
95
163
297
-
297
-| ||**392**
**-**
**392**
**163**| This page does not form part of the statutory financial statements 15 ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** ||**Balance**||||Gains &||||**Balance**| |---|---|---|---|---|---|---|---|---|---| ||**01-Jan-23**|Income||Expenditure|(Losses)||Transfer||**31-Dec-23**| |||£||£|£||£||**£**| |Restricted Funds|11,656||-|-||-||-|11,656| ||**11,656**||**-**|**-**||**-**||**-**|**11,656**| |**PREVIOUS FINANCIAL**|**YEAR**||||||||| ||**Balance**||||Gains &||||**Balance**| ||**01-Jan-22**|Income||Expenditure|(Losses)||Transfer||**31-Dec-22**| |||£||£|£||£||**£**| |Restricted Funds|12,134||-|(478)||-||-|11,656| ||**12,134**||**-**|**(478)**||**-**||**-**|**11,656**| The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above. This page does not form part of the statutory financial statements 16 ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **6. INVESTMENTS** The Charity held no investment assets during this or the previous financial period. ## **7. CASH AT BANK AND IN HAND** |Prepaid Expense
**8. DEBTORS AND PREPAYMENTS**
Prepayment
Trade Debtors
HSBC Bank current account
HSBC Business Money Manager Acct
Paypal Account
Petty Cash|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-23**
**31-Dec-22**
£
£
**£**
**£**
4,392
-
4,392
3,604
43,284
11,656
54,939
39,247
-
-
-
101
49
-
49
22| |---|---| ||**47,725**
**11,656**
**59,381**
**42,974**| ||Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-23**
**31-Dec-22**
£
£
**£**
**£**
1,286
-
1,286
1,618
3,000
-
3,000
3,000
1,915
-
1,915
950| ||**6,201**
**-**
**6,201**
**5,568**| ## **9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR** |Paypal
Social security
Creditors
Accruals-Artist Payments
Accruals-Independent Examiner's Fee|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-23**
**31-Dec-22**
£
£
**£**
**£**
455
-
455
1,314
160
-
160
-
(12)
-
(12)
(479)
102
-
102
64
1,008
-
1,008
960| |---|---| ||**1,713**
**-**
**1,713**
**1,859**| This page does not form part of the statutory financial statements 17 **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The Charity held no long term liabilities during this or the previous financial period. ## **11. STAFF COSTS AND NUMBERS** |**TOTAL**
**2023**
**£**
Gross Wages & Salaries
29,230
Employer's National Insurance Costs
-
Employer's Pension Contributions
306
**29,536**
**TOTAL**
**2023**
Charitable Activities
3
There were 3 part time members of staff in the current financial year.|**TOTAL**
**2022**
**£**
30,017
-
301| |---|---| ||**30,318**| ||**TOTAL**
**2022**
3| The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2022 - None) ## **12. DIRECTORS AND OTHER RELATED PARTIES** No material payments were made to directors or any persons connected with them during this financial period. No material transaction took place between the charity and a director or any person connected with them. (2022 - None) ## **13. RECONCILATION OF MOVEMENT ON CAPITAL AND RESERVES** The Company is Limited by Guarantee (05965790) and it is a charity registered with the Charity Commission (1117657). It does not have a Share capital and has no income subject to Corporation Tax. |Profit / Deficit for the financial year
Other Recognised Gains
Balance Brought Forward
Closing Funds at 31-Dec-23|**2023**
**£**
17,172
-
**17,172**
50,596
**67,768**|**2022**
**£**
(3,147)
-
**(3,147)**| |---|---|---| |||53,743| |||**50,596**| This page does not form part of the statutory financial statements 18 ## **THE AUTISM TRUST LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **14. RISK ASSESSMENT** The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Directors' report. The Directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. This page does not form part of the statutory financial statements 19