| T r u s t e e s | MsN Karacsony(Chair) MrKMusonda |
|---|---|
| Mrs M Fuller | |
| Miss M Vaz Pita | |
| Key Management Personnel | MissD Cernusca (GeneralManager) |
| Charity number | 1118290 |
| Company number | 06038406 |
| Registered office | 77B Abington Street |
| Northampton | |
| NN1 2BH | |
| Auditor | Azets |
| Thorpe House | |
| 93 Headlands | |
| Kettering | |
| Northamptonshire | |
| United Kingdom | |
| NN15 6BL | |
| Bankers | Santander |
| Bridle Road | |
| Bootle | |
| Liverpool | |
| United Kingdom | |
| GIR DAA | |
| Solicitors | Russell-Cooke Solictors |
| 2 Putney Hil | |
| London | |
| United Kingdom | |
| SW15 6AB |
| Page | |
|---|---|
| Trustees' report | 1-4 |
| Statement of trustees' responsibilities | 5 |
| Independentauditor'sreport | 6-8 |
| Statementof financialactivities | 9 |
| Balance sheet | 10-11 |
| Notesto the financialstatements | 13 - 26 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| f u n d s | funds | 2023 | 2022 | ||
| as restated | |||||
| Notes | |||||
| Incomeand endowmentsfrom: | |||||
| Donationsandlegacies | 3 | 20,000 | 20,000 | 400 | |
| Othertradingactivities | 4 | 1,073,474 | 1,073,474 | 749,077 | |
| Investments | 5 | 3,362 | 3,362 | 682 | |
| Other income | 6 | 10,000 | 10,000 | 10,147 | |
| Total income | 1,086,836 | 20,000 | 1,106,836 | 760,306 | |
| Expenditure on: | |||||
| Raising funds | 1,065,275 | 1,065,275 | 747,429 | ||
| Charitable activities | 8 | 10,000 | 10,000 | 3,250 | |
| Other | 10 | 36,858 | 36,858 | 25,144 | |
| Totalresourcesexpended | 1,112,133 | 1,112,133 | 775,823 | ||
| Net(expenditure)/income for theyear/ | |||||
| Net (outgoing)/incoming resources | (25,297) | 20,000 | (5,297) | (15,517) | |
| Other recognised gains and losses | |||||
| Othergains orlosses | 16 | 380 | 380 | ||
| Netmovement infunds | (24,917) | 20,000 | (4,917) | (15,517) | |
| Fundbalances at 1 January2023 | 16,406 | 16,406 | 31,923 | ||
| Fundbalances at 31 December2023 | (8,511) | 20,000 | 11,489 | 16,406 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| as restated | |||||
| Notes | |||||
| Fixed assets | |||||
| Tangible assets | 17 | 93,494 | 30,388 | ||
| Current assets | |||||
| Debtors | 18 | 70,614 | 45,223 | ||
| Cash at bank and in hand | 73,276 | 70,741 | |||
| 143,890 | 115,964 | ||||
| Creditors:amounts falling duewithin | |||||
| one year | 19 | (99,162) | (119,800) | ||
| Netcurrentassets/(liabilities) | 44,728 | (3,836) | |||
| Total assets less current liabilities | 138,222 | 26,552 | |||
| Creditors:amounts falling dueafter | |||||
| morethan oneyear | 20 | (126,733) | (10,146) | ||
| Net assets | 11,489 | 16,406 | |||
| Income funds | |||||
| Restricted funds Unrestricted funds |
23 | 20,000 (8,511) |
16,406 | ||
| 11,489 | 16,406 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | € | ||||
| Cash flows from operating activities | |||||
| Cashabsorbed byoperations | 28 | (63,228) | (33,440) | ||
| Investing activities | |||||
| Purchaseof tangible fixedassets | (49,528) | (23,194) | |||
| Proceedsfrom disposal of tangiblefixed | |||||
| a s s e t s Investmentincomereceived |
3,362 | 587 682 |
|||
| Netcash used in investingactivities | (46,166) | (21,925) | |||
| Financing activities | |||||
| Proceedsfromborrowings | 114,000 | ||||
| Paymentof obligations under financeleases | (2,071) | ||||
| Netcash generated from/(usedin) | |||||
| financing activities | 111,929 | ||||
| Netincrease/(decrease) in cash andcash | |||||
| equivalents | 2,535 | (55,365) | |||
| Cashand cash equivalents at beginning ofyear | 70,741 | 126,106 | |||
| Cashand cash equivalents at end ofyear | 73,276 | 70,741 |
| Restricted | Unrestricted | |
|---|---|---|
| f u n d s | funds | |
| 2023 | 2022 | |
| Donationsandgifts | 20,000 | 4 0 0 |
| 4 | Other trading activities | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds |
||
| 2023 | 2022 |
||
| Shop income | 1,073,474 | 749,077 | |
| 5 | Investments | ||
| Unrestricted | Unrestricted | ||
| f u n d s | f u n d s | ||
| 2023 | 2022 | ||
| £ | |||
| Interest receivable | 3,362 | 682 | |
| 6 | Other income | ||
| Unrestricted | Unrestricted | ||
| funds | f u n d s | ||
| 2023 | 2022 | ||
| Netgain on disposal of tangible fixedassets Royalties |
10,000 | 147 10,000 |
|
| 10,000 | 10,147 | ||
| 7 | Raising funds | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2023 | 2022 | ||
| Trading costs | |||
| Operatingcharityshops Staff costs |
509,535 436,739 |
335,819 319,731 |
|
| Depreciationandimpairment | 15,225 | 11,512 | |
| Support costs | 103,776 | 80,367 | |
| Trading costs | 1,065,275 | 747,429 |
| 2023 | 2022 | ||
|---|---|---|---|
| € | |||
| Shareof governance costs (see note | 9) | 10,000 | 3,250 |
| 9 | Support costs | |||||||
|---|---|---|---|---|---|---|---|---|
| Support Governance | 2023 | Support | Governance | 2022 | ||||
| c o s t s | costs | costs | costs | |||||
| € | € | £ | £ | £ | ||||
| Premises costs | 103,776 | 103,776 | 80,367 | 80,367 | ||||
| Accountancy | 10,000 | 10,000 | 3,250 | 3,250 | ||||
| 103,776 | 10,000 | 113,776 | 80,367 | 3,250 | 83,617 | |||
| Analysed between | ||||||||
| Trading | 103,776 | 103,776 | 80,367 | 80,367 | ||||
| Charitable activities | 10,000 | 10,000 | 3,250 | 3,250 | ||||
| 103,776 | 10,000 | 113,776 | 80,367 | 3,250 | 83,617 | |||
| 10 | Other | |||||||
| 2023 | 2022 | |||||||
| £ | ||||||||
| Netloss on disposal of tangible fixedassets Bank charges |
1,075 11,995 |
8.092 | ||||||
| Telephoneandinternet | 1,671 | 806 | ||||||
| Travel | 18,621 | 16,246 | ||||||
| Financing costs | 3,496 | |||||||
| 36,858 | 25,144 |
| The average monthly number of employees during th | e year was: | |
|---|---|---|
| 2023 | 2022 | |
| Number | Number | |
| 24 | 21 | |
| Employment costs | 2 0 2 3 | 2022 |
| £ | ||
| Wages and salaries | 411,390 | 300,007 |
| Socialsecuritycosts | 19,955 | 15,729 |
| Otherpensioncosts | 5,394 | 3,995 |
| 436,739 | 319,731 |
| Net movement infunds | 2023 | 2022 |
|---|---|---|
| £ | ||
| Netmovement in funds is stated aftercharging/(crediting) | ||
| Depreciationof owned tangible fixedassets | 15,225 | 11,512 |
| Loss/(profit)on disposal of tangible fixedassets | 1,075 | (147) |
| Premisescosts (including operating leasecharges) | 103,776 | 80,367 |
| Unrestricted | Total | |
|---|---|---|
| f u n d s | ||
| 2023 | 2022 | |
| Fo r e i g n e x c h a n g e g a i ns | (380) |
| 17 | Tangible fixedassets | ||||||
|---|---|---|---|---|---|---|---|
| Leasehold | Fixtures and | Computers Motor vehicles |
Total | ||||
| improvements | fittings | ||||||
| Cost | |||||||
| At1 January2023 Additions Disposals |
23,394 | 78,826 22,823 (46,786) 13,385 946 |
1,000 32,244 (1,000) |
93,211 79,407 (47,786) |
|||
| At 31 December 2023 | 23,394 | 54,863 | 14,331 |
32,244 | 124,832 | ||
| Depreciation and impairment At1 January2023 Depreciationcharged in theyear |
975 | 55,423 7,211 |
6,401 3,008 |
1,000 4,031 |
62,824 15,225 |
||
| Eliminatedin respect ofdisposals | (45,711) | (1,000) | (46,711) | ||||
| At 31 December 2023 | 975 | 16,923 | 9,409 |
4,031 | 31,338 | ||
| Carrying amount | |||||||
| At 31 December 2023 | 22,419 | 37,940 | 4,922 |
28,213 | 93,494 | ||
| At 31 December 2022 | 23,403 | 6,985 | 30,388 | ||||
| 18 | Debtors | ||||||
| 2023 | 2022 | ||||||
| Amountsfalling due within oneyear: | £ | ||||||
| Trade debtors Other debtors |
49,061 | 10,497 16,437 |
|||||
| Prepaymentsand accruedincome | 21,553 | 18,289 | |||||
| 70,614 | 45,223 | ||||||
| 19 | Creditors: amounts falling due within | oneyear | |||||
| 2023 | 2022 | ||||||
| Notes | £ | £ | |||||
| Obligations under finance leases | 22 | 5,575 | |||||
| Borrowings | 12,280 | ||||||
| Othertaxation and socialsecurity | 5,512 | 8,521 | |||||
| Trade creditors | 42,943 | 104,096 | |||||
| Other creditors | 908 | 1,086 | |||||
| Accruals and deferred income | 31,944 | 6,097 | |||||
| 99,162 | 119,800 |
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | |||
| Obligationsunder financeleases | 22 | 22,233 | |
| Borrowings | 104,500 | ||
| Trade creditors | 10,146 | ||
| 126,733 | 10,146 |
| 2023 | 2022 | |
|---|---|---|
| £ | ||
| Other loans | 116,780 | |
| Payablewithin oneyear | 12,280 | |
| Payableafter oneyear | 104,500 |
| 2023 | 2022 | ||
|---|---|---|---|
| £ | |||
| Withinoneyear | 5,575 | ||
| Within two and | five years | 22,233 | |
| 27,808 |
| Movementinfunds | Movementinfunds | |||||
|---|---|---|---|---|---|---|
| Balance at 1 January 2023 |
Incoming r e s o u r c e s |
Resources expended |
Transfers | Revaluations, gains and losses |
Balance at31 December 2023 |
|
| Donations | 20,000 | 20,000 |
| Unrestricted | Restricted | Total | Unrestricted | |
|---|---|---|---|---|
| Funds | Funds | F u n d s | ||
| 2023 | 2023 | 2023 | 2022 | |
| Fundbalances at 31 December 2023are | ||||
| represented by: | ||||
| Tangible assets Current assets/(liabilities) Longtermliabilities |
93,494 24,728 (126,733) |
20,000 | 93,494 44,728 (126,733) |
30,388 (3,836) (10,146) |
| (8,511) | 20,000 | 11,489 | 16,406 |
| 2023 | 2022 | |
|---|---|---|
| Within one year Betweentwo and fiveyears |
107,000 281,250 |
67,250 23,000 |
| 388,250 | 90,250 |
| 2023 | 2 0 2 2 | |
|---|---|---|
| £ | ||
| Aggregate compensation | 56,224 | 48,428 |
| 28 | Cash generated fromoperations | 2023 | 2022 |
|---|---|---|---|
| Deficit for the year | (5,297) | (15,517) | |
| Adjustments for: | |||
| Investmentincome recognised in statement of financialactivities | (3,362) | (682) | |
| Foreignexchangedifferences | 380 | ||
| Loss/(gain)on disposal of tangible fixedassets | 1,076 | (147) | |
| Depreciationand impairment of tangible fixedassets | 15,225 | 11,512 | |
| Accruedloaninterest | 2,780 | ||
| Movementsin workingcapital: | |||
| (Increase) in debtors | (25,391) | (19,257) | |
| (Decrease)increditors | (48,639) | (9,349) | |
| Cashabsorbed byoperations | (63,228) | (33,440) |
| At1January 2023 |
Cash flows | Acquisitions and disposals |
New finance At leases |
31 December 2023 |
|
|---|---|---|---|---|---|
| Cash at bank and in hand | |||||
| 70,741 | 2,535 | 73,276 | |||
| Loans falling due within one year Loans falling due after more than one year Obligations under finance leases |
101,720 (104,500) 2,071 |
(114,000) |
(29,879) | (12,280) | |
| 70,741 | 1,826 | (114,000) | (29,879) |
| At31 | December2022 | ||
|---|---|---|---|
| As previously | Adjustment | As restated | |
| reported | |||
| £ | |||
| Current assets | |||
| Stocks | 52,396 | (52,396) | |
| Income funds | |||
| Unrestricted funds | 68,802 | (52,396) | 16,406 |
| Total equity | 68,802 | (52,396) | 16,406 |
| Changes to the profit and loss account | |||
| Periodended 31 December | 2022 | ||
| As previously | Adjustment | As r e s t a t e d | |
| reported | |||
| £ | £ | ||
| Raising funds | 720,252 | 27,177 | 747,429 |
| Netm o v e m e n t infunds | 11,660 | (27,177) | (15,517) |