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2022-12-31-accounts

Charity registration number 1118290

Company registration number 06038406 (England and Wales)

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms N Karacsony (Chair)
Mr K Musonda
Mrs M Fuller (Appointed 22 September
2022)
Miss M Vaz Pita (Appointed 22 September
2022)
Charity number 1118290
Company number 06038406
Registered office 77B Abington Street
Northampton
NN1 2BH
Independent examiner Azets
Thorpe House
93 Headlands
Kettering
Northamptonshire
United Kingdom
NN15 6BL
Bankers Santander
Bridle Road
Bootle
Liverpool
United Kingdom
GIR 0AA
Solicitors Russell-Cooke Solictors
2 Putney Hill
London
United Kingdom
SW15 6AB

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 15

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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) (effective 1 January 2019)".

Objectives and activities

The charity's objectives are:

a) To train teachers through innovative and modern methods empowering them to provide high quality education to primary school students in rural areas.

b) To initiate and lead community development in the villages.

c) To support education in the developing countries.

d) To support environmental projects aimed at promoting agricultural development, renewable energy towards reducing the carbon foot print and reuse.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Grant making policy

The charity supports organisations whose objectives correspond with the charity's own guidelines. The trustees welcome applications from any charities who meet these criteria and they will be assessed on an individual basis.

DAPP UK did not make donations to any organisations during the year to 31 December 2022.

Achievements and performance

Charitable activities

The charity has received donations totalling £400 (2021: £30,579) during the year ended 31 December 2022.

Fundraising activities

The shops operated by the charity have generated an income of £749,077 (2021: £354,309) during the year. Trustees hope this income will show a further increase in the forthcoming year as 2022 has been used to strengthen and expand, and at the same time modernise the charity. With the new face lift and improvements made in the existing shops and new shop throughout 2022, 2023 is forecasted to nearly double in turnover and triple in results.

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Financial review

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three months expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The charity is currently still working towards meeting this objective.

The accounts show total incoming resources of £760,306 (2021: £465,791) of which £748,646 (2021: £320,921) have been expended, leaving a net operating surplus of £11,660 (2021: £83,225) before donations of £Nil (2021: £30,000) and a net surplus of £11,660 (2021: £114,870) for the year.

The charity has made significant steps towards improving their economy this year and stabilising the cash flow. After the covid pandemic ended, the charity and second hand retail sector has seen an increase in demand. This has led to a higher turnover in all shops operated by the charity, and to the opening of a new shop in Hemel Hempstead. The charity has also gone through a major revamp and facelift during the year. The revamp and the new shop expenses have made it slightly difficult for the charity to donate towards the projects this year; however with a stabilised income and an improved cashflow, the charity plans to donate over £50,000 in 2023 towards development projects.

The online shop has been operating during the year with a stable turnover and an increased grip on quality and demand, the shop has expanded in 2022 to a much higher stock and consequently increased turnover.

The trustees are satisfied with the result taking into consideration the expenses were used towards expanding and creating a better, more modern look for the charity, move which has proved efficient in bringing in more customers and doubling the turnover over the year. The trustees look forward to growing and expanding in 2023 with further donations and new projects to donate towards, with a much higher income and with prospects on expanding to more shops in Midlands and London.

The year has been a truly eye opening year for the charity, as it underwent a transformation into a modern looking and more attractive charity, appealing to younger generations.

The charity has the continued support of the previous clothing service provider who have agreed to extend the credit amounting to £43,829 at the beginning of 2022, with a verbal agreement in place that the charity would pay £500 per month over the coming years until the amount is completely paid; however, the entire remaining amount has been paid in July 2023. The landlord has also accepted a 50% write off of the rent arrears and an agreement of monthly repayments has been set, with small arrears remaining to be paid off until the end of the term.

The net operating deficits incurred over the four years to December 2020 resulted in a deficit on the unrestricted fund of £57,728 as at 31 December 2020. As a result of the improved financial performance during this and the previous year and an agreement with the landlord to write-off half of the rent arrears as at 31 March 2022, there is now a surplus on unrestricted funds of £68,802 at 31 December 2022. As a result, the trustees are of the view that the charity is a going concern.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

The charity forecasts a great 2023 with three profitable shops and an online/ecommerce shop, looking into expanding with more shops in the second half of the end of the year and strengthen the current ones. DAPP UK management plans to adopt diverse commercial strategies to increase the sales and develop further the ecommerce shop and plans to double the number of high-street shops. For 2023, the charity shops are budgeted to reach an increased result of slightly over £100,000.

Alongside this, the trustees are hopeful of receiving increased levels of donations from several different sources. In the next year DAPP UK will strive to make donations towards different environmental, educational and development programs aimed at relief and development in the developing countries with a budget of over 50,000 set for donations.

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, governance and management

The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 29 December 2006. It is registered as a charity with the Charity Commission. Anyone can be a member of the company, but such applications require the approval of the directors.

The trustees, who are also the directors for the purpose of company law, and who served during the year were: Ms R Nyatsine (Resigned 22 September 2022) Ms N Karacsony (Chair) Mr K Musonda Mr M Bor (Resigned 30 April 2022) Mrs M Fuller (Appointed 22 September 2022) Miss M Vaz Pita (Appointed 22 September 2022)

Recruitment and appointment of new trustees

As set out in the Articles of Association, the first trustees shall be those persons notified to Companies House as the first directors of the charity. Trustees are required to retire by rotation at least every three years, and no trustee may serve for more than nine years in total. There shall be a minimum of three trustees, but never exceeding seven trustees at any time.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

The board of trustees are in regular contact via e-mail and hold frequent internet-based meetings to make key decisions and decide upon the strategic direction of the charity. The trustees are collaborating closely with the General Manager in the daily running of the Charity.

Induction and training of new trustees

New trustees undergo an orientation day to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the decision-making processes, the business plan and recent financial performances of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The trustees' report was approved by the Board of Trustees.

Mrs M Fuller Trustee

16 September 2023

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

I report to the trustees on my examination of the financial statements of Development Aid from People to People UK (the charity) for the year ended 31 December 2022.

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 2011 (the 2011 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 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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:

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.

Richard Monkhouse FCCA Association of Chartered Certified Accountants Thorpe House 93 Headlands Kettering Northamptonshire NN15 6BL United Kingdom

Dated: 20 September 2023

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Income and endowments from:
Donations and legacies
2
Other trading activities
3
Investments
4
Other income
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Material other expenditure
12
Other
9
Total resources expended
Net income for the year/
Net movement in funds
Fund balances at 1 January 2022
Fund balances at 31 December 2022		 2022
£
400
749,077
682
10,147
760,306
720,252
3,250
-
25,144
748,646
11,660
57,142
68,802		 2021
£
101,425
354,309
57
10,000
465,791
370,388
32,550
(61,926)
9,909
350,921
114,870
(57,728)
57,142

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

BALANCE SHEET

AS AT 31 DECEMBER 2022

2022
Notes
£
Fixed assets
Tangible assets
15
Current assets
Stocks
16
52,396
Debtors
17
45,223
Cash at bank and in hand
70,741
168,360
Creditors: amounts falling due within
one year
18
(119,800)
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
19
Net assets
Income funds
Unrestricted funds		 £
30,388
48,560
78,948
(10,146)
68,802
68,802
68,802		 2021
£
25,219
25,966
126,106
177,291
(98,712)		 £
19,146
78,579
97,725
(40,583)
57,142
57,142
57,142

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 16 September 2023

Mrs M Fuller Trustee

Company registration number 06038406

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

Development Aid from People to People UK is a private company limited by guarantee incorporated in England and Wales. The registered office is 77B Abington Street, Northampton, NN1 2BH.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Gifts in kind for sale or distribution are included in 'Income from: Donations and legacies' at the estimated value the charity would have to pay in the open market for an equivalent item in the accounting period in which the gift is receivable. They are also included within 'Expenditure on: Raising funds' at the same value and time in accordance with the Charities SORP.

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

1.5 Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% reducing balance Computers 25% on cost Motor vehicles 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.14 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

1.15 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Donations and gifts
400
-
Grants receivable for core activities
-
-
400
-
For the year ended 31 December 2021
71,425
30,000		 Total
2022
£
400
-
400		 Total
2021
£
30,579
70,846
101,425
101,425

Grants received during the previous year were mainly related to Government support as a result of the Covid19 pandemic including Job Retention Scheme Grants and business rates relief from the Local Councils. The charity has not received any grants during the year ended 31 December 2022.

3 Other trading activities

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Shop income 749,077 354,309

4 Investments

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Interest receivable 682 57

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

5 Other income

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Net gain on disposal of tangible fixed assets 147 -
Royalties 10,000 10,000
10,147 10,000

6 Raising funds

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Trading costs
Operating charity shops 308,642 138,599
Staff costs 319,731 139,338
Depreciation and impairment 11,512 6,688
Support costs 80,367 85,763
Trading costs 720,252 370,388
Charitable activities
2022 2021
£ £
Donations - 30,000
Share of governance costs (see note 8) 3,250 2,550
3,250 32,550
Analysis by fund
Unrestricted funds 3,250 2,550
Restricted funds - 30,000
For the year ended 31 December 2021
Unrestricted funds 2,550
Restricted funds 30,000
32,550

7 Charitable activities

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

8 Support costs

Support
costs
Governance
costs
£
£
Premises costs
80,367
-
Accountancy
-
3,250
80,367
3,250
Analysed between
Trading
80,367
-
Charitable activities
-
3,250
80,367
3,250		 2022
£
80,367
3,250
83,617
80,367
3,250
83,617		 2021 Basis of allocation
£
85,763
2,550 Governance
88,313
85,763
2,550
88,313

9 Other

Bank charges
Telephone and internet
Travel		 2022
£
8,092
806
16,246
25,144		 2021
£
4,284
644
4,981
9,909

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year (2021: none).

11 Net movement in funds
Net movement in funds 2022 2021
£ £
Net movement in funds is stated after charging/(crediting)
Depreciation of owned tangible fixed assets 11,512 6,688
Profit on disposal of tangible fixed assets (147) -
Premises costs (including operating lease charges) 80,367 85,763

12 Material other expenditure

On 11 April 2022, one of the charity's landlords agreed to waive a portion of the rent arrears that was payable by the charity. The landlord waived 50% of the rent arrears as of 1 March 2022, resulting in an accounting adjustment of £61,926 credited against the rent charges in the year ended 31 December 2021. The total amount of arrears payable to the landlord at 31 December 2022 is £40,583 (2021: £69,948) of which £30,437 (2021: £29,365) is due within one year and £10,146 (2021: £40,583) is due after one year.

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

13 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
21
2022
£
300,007
15,729
3,995
319,731		 2021
Number
9
2021
£
132,960
4,581
1,797
139,338

There were no employees whose annual remuneration was more than £60,000.

14 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

15 Tangible fixed assets

Tangible fixed assets
Fixtures and
fittings
Computers
£
£
Cost
At 1 January 2022
60,484
9,120
Additions
18,342
4,852
Disposals
-
(587)
At 31 December 2022
78,826
13,385
Depreciation and impairment
At 1 January 2022
47,258
3,200
Depreciation charged in the year
8,165
3,347
Eliminated in respect of disposals
-
(147)
At 31 December 2022
55,423
6,400
Carrying amount
At 31 December 2022
23,403
6,985
At 31 December 2021
13,226
5,920		 Motor
vehicles
£
1,000
-
-
1,000
1,000
-
-
1,000
-
-		 Total
£
70,604
23,194
(587)
93,211
51,458
11,512
(147)
62,823
30,388
19,146

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

16
Stocks
Finished goods and goods for resale
17
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
18
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
19
Creditors: amounts falling due after more than one year
Trade creditors		 2022
£
52,396
2022
£
10,497
16,437
18,289
45,223
2022
£
8,521
104,096
1,086
6,097
119,800
2022
£
10,146		 2021
£
25,219
2021
£
1,671
3,538
20,757
25,966
2021
£
3,626
90,895
686
3,505
98,712
2021
£
40,583

Trade creditors due after one year includes £10,146 of rent arrears which are due to the charity's landlord. As part of the agreement with the landlord to reduce the total rent arrears, the charity agreed to repay the remaining arrears over a period of 26 months in equal monthly instalments, with the last payment due on 1 April 2024.

DEVELOPMENT AID FROM PEOPLE TO PEOPLE UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

20 Operating lease commitments

Lessee

Operating lease payments represent rentals payable by the charity for certain of its properties. Leases are negotiated on terms of between one and five years with fixed rental payments.

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2022
£
67,250
23,000
90,250		 2021
£
59,957
76,500
136,457

21 Related party transactions

There were no disclosable related party transactions during the year (2021: none).