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|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 Hi**l**|
||London|
||United Kingdom|
||SW15 6AB|
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||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|
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|||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|
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|||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|
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|||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|
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||Restricted|Unrestricted|
|---|---|---|
||f u n d s|funds|
||2023|2022|
|Donationsandgifts|20,000|
4 0 0|
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|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|
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|||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|
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|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|
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|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|
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||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)||
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|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|
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|||2023|2022|
|---|---|---|---|
||Notes|||
|Obligationsunder financeleases|22|22,233||
|Borrowings||104,500||
|Trade creditors|||10,146|
|||126,733|10,146|
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||2023|2022|
|---|---|---|
||£||
|Other loans|116,780||
|Payablewithin oneyear|12,280||
|Payableafter oneyear|104,500||
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|||2023|2022|
|---|---|---|---|
|||£||
|Withinoneyear||5,575||
|Within two and|five years|22,233||
|||27,808||
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||||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|
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||2023|2022|
|---|---|---|
|Within one year
Betweentwo and fiveyears|107,000
281,250|67,250
23,000|
||388,250|90,250|
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||2023|2 0 2 2|
|---|---|---|
|||£|
|Aggregate compensation|56,224|48,428|
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|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)|
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||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)|
(104,500)
(27,808)|
||70,741|1,826|(114,000)||(29,879)|(71,312)|
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||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)|
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