| Page | |||
|---|---|---|---|
| Reference and Administrative Details ofthe Company, |
its Trustees and Advisers | ||
| 4-9 | |||
| Trustees' Report |
|||
| Trustees' Responsibilities |
Statement | 10 | |
| Independent Examiner's |
Report | 11-12 | |
| Statement of Financial Activities | 13 | ||
| Balance Sheet | 14-15 | ||
| Notes to the Financial Statements | 16-26 |
| Trustees | Mr N Conway, | Mr N Conway, | Chair | |
|---|---|---|---|---|
| Ms J G Wells | ||||
| Mr I Allsop, |
Deputy Chair | |||
| Ms I J Bowen |
||||
| Ms N Goswami | ||||
| Ms D Lowry | ||||
| Mr SW Murray | ||||
| Mr BSarpal | ||||
| Mr R Bassett | ||||
| Mr SSnooks | (resigned 02 May 2023) | |||
| Company | registered | |||
| number | 05852220 | |||
| Charity registered | ||||
| number | 1118465 | |||
| Registered | office | Ernest Withers | House | |
| 50A Hemnall | Street | |||
| Epping | ||||
| Essex | ||||
| CM16 4LS | ||||
| Accountants | Haslers | |||
| Chartered Accountants |
||||
| Old Station Road | ||||
| Loughton | ||||
| Essex | ||||
| IG104PL | ||||
| Bankers | CAF Bank Limited | |||
| PO Box289 | ||||
| West Mailing | ||||
| Kent | ||||
| ME194TA |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Note | |||||
| Income from: | |||||
| Donations and grants |
59,808 | 188,346 | 248,154 | 317,972 | |
| Other trading activities |
824 | 824 | 1,133 | ||
| Investments | 692 | 692 | |||
| Other income | 26 | 26 | 300 | ||
| Total income | 59808 | 189888 | 249696 | 319422 | |
| Expenditure on: |
|||||
| Charitable activities |
65,560 | 236,803 | 302,363 | 279,791 | |
| Total expenditure | 65560 | 236803 | 302363 | 279 791 | |
| Net (expenditure)/income | (5,752) | (46,915) | (52,667) | 39,63'l | |
| Transfers between funds |
5,060 | (5,060) | |||
| Net movement in funds |
5 97 | 52667 | 3963 | ||
| Reconciliation offunds: |
|||||
| Total funds brought forward |
692 | 300,318 | 301„010 | 261,379 | |
| Net movement in funds |
(692) | (5'1,975) | (52,667) | 39,631 | |
| Total funds carried forward | 4 343 | 248 343 | 301010 |
| BALANCE SHEET | BALANCE SHEET | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| AS AT 31 MARCH 2023 | |||||||||
| 2023 | 2022 | ||||||||
| Note | |||||||||
| Current. assets | |||||||||
| Debtors | 4,290 | 5,452 | |||||||
| Cash at bank | and in hand | 274,407 | 337,584 | ||||||
| 278,697 | 343,036 | ||||||||
| Creditors: amounts year |
falling due within one | 12 | (30,354) | (42,026) | |||||
| Net current | assets | 248,343 | 301,010 | ||||||
| Total assets | less current liabilities | 248,343 | 301,010 | ||||||
| Total net assets | 2 | 3 3 | 30 | ||||||
| Charity funds | |||||||||
| Restricted funds | |||||||||
| Unrestricted | funds | 248,343 | 300,318 | ||||||
| Total funds | 2 | 3 | 10 0 |
| Income from donations and |
grants | |||
|---|---|---|---|---|
| Restricted funds 2023 f |
Unrestricted funds 2023 E |
Total funds 2023 |
Total funds 2022 |
|
| 354 | 354 | 1,838 | ||
| Donations | ||||
| Grants | 59,808 | 187,992 | 247,800 | 316,134 |
| 4 14 | 7 72 |
|||
| 15 | 3 1 | 3 972 |
| iii | |||||||
|---|---|---|---|---|---|---|---|
| . | Income from | other trading | actvtes | Unrestncted | Total | Total | |
| funds | funds | funds | |||||
| 2023 | 2023 | 2022 | |||||
| 824 | 133 | ||||||
| Charity trading | income —100Club | ||||||
| 33 | 'l 33 |
||||||
| Total 2022 | |||||||
| 5. | Investment | income | Unrestricted | Total | Total | ||
| funds | funds | funds | |||||
| 2023 | 2023 | 2022 |
| investment | income |
|---|---|
| Total 2022 |
| Other | incoming resources |
||||
|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | ||
| funds 2023 f |
funds 2023 |
funds 2023 |
funds 2022 |
||
| Other | income | ||||
| Total | 2022 | 300 |
| Analysis ofsupport costs | |||
|---|---|---|---|
| Total | Total | ||
| funds | funds | ||
| 2023 | 2022 | ||
| Salary Costs | 37,973 | 20,702 | |
| Staff Other costs | 616 | ||
| Repairs and Maintenance | 1,997 | 1,672 | |
| Office Expenses | 3,746 | 4,962 | |
| Telephone and Communications |
2,018 | 614 | |
| Computer Expenses |
1,136 | 2,321 | |
| insurance | 1,685 | 2,407 | |
| Rent | 7,200 | 9,052 | |
| Rates | 1,149 | l,336 | |
| Light and Heat | 2,179 | 1,306 | |
| Audit, Legal and Professional | 6,205 | 5,036 | |
| Other Expenses | 88 | 383 | |
| 5992 | 79 | ||
| 9. | Staff costs | ||
| 2023 | 2022 | ||
| Wages and salaries | 245,599 | 199,303 |
| The avera | ge | number of persons | employed by the Company dur |
ing the year was as follows: | |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| No. | No. | ||||
| Charitable | purposes | 10 | |||
| Management | and administration | of charity |
| Debtors | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Due within one year | |||
| Other debtors | 621 | 1,'I01 | |
| Prepayments | and accrued.income | 3,669 | 4,351 |
| 42 0 |
| Creditors: Amounts falling due within one year |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Trade creditors | 1,269 | S40 | |
| Other taxation and social security | 3,034 | 3,401 | |
| Accruals and deferred income | 26,051 | 37,785 | |
| 0354 | 4 | 026 |
| Statement offunds | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Statement of funds | -current | year | Balance at | ||||||
| Balance at 1 April 2022f |
Income f |
Expenditure | f | Transfers in/(out) f |
31 March 2023 f |
||||
| Unrestricted funds |
|||||||||
| Designated funds |
|||||||||
| Property (formerly Lease/Rates) |
10,000 | 10,000 | 20,000 | ||||||
| Operations | 18,000 | 18,000 | |||||||
| Redundancy (incorporating Salary) |
20,000 | 17,000 | 37,000 | ||||||
| Salary | 20,000 | (20,000) | |||||||
| 5,000 | 5,000 | ||||||||
| 50,000 | 30,000 | 80,000 | |||||||
| General funds | |||||||||
| General Funds - all |
funds | 250 318 | 189888 | 236803 | 35060 | 168343 | |||
| Total Unrestricted | funds | 5060 | 2 8343 | ||||||
| Restricted funds | |||||||||
| ECC COMF - Digital | resilience | 692 | (692) | ||||||
| Waltham Abbey Outreach |
40,000 | (45,725) | 5,725 | ||||||
| Kickstart | 14,108 | (12,778) | (1,330) | ||||||
| Multiply Project |
5,700 | (6,365) | 665 | ||||||
| 692 | 59,808 | (65,560) | 5,060 |
| Statement offunds | - prior y | ear | ||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | ||||||||
| Balance at 1 | Transfers | 31March | ||||||
| April 2021 | Income | Expenditure | . | inl(out) | 2022 | |||
| Unrestricted funds |
||||||||
| Designated funds |
||||||||
| Lease/Rates | 10,000 | 10,000 | ||||||
| Redundancy | 20,0DD | 20,00D | ||||||
| Salary | 20,000 | 20,000 | ||||||
| 50,000 | 50,000 | |||||||
| General funds | ||||||||
| General Funds - all | funds | 174020 | 166461 | 83136 | 7027 | 250 3'/8 | ||
| Total Unrestricted | funds | 224 | 1 | 46 | @~13j | ~702 | ~~1 | |
| Restricted funds | ||||||||
| Debt Management | 7,850 | 36,201 | (44,051) | |||||
| Universal support |
941 | 44,476 | (45,417) | |||||
| Training 4 Development | 8,609 | (8,6D9) | ||||||
| COVID - Recovery | '/9,959 | 285 | (26,968) | 6,724 | ||||
| ECC COMF - Digital resilience |
51,667 | (50,975) | 692 | |||||
| Waltham Abbey Outreach | l5,832 | (15,832) | ||||||
| Kickstart | 4500 | 4803 | 303 | |||||
| 37359 | 152961 | 196655 | 7027 | 692 | ||||
| Total offunds | 2613 9 | 3 | 94 2 | 79791 | 30 010 |
| Balance at | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | 31 March | |||||||
| April 2022 | Income | Expenditure | in/(out) | 2023 | |||||
| F | |||||||||
| Designated | funds | 50,000 | 30,000 | 80,000 | |||||
| General funds | 250,318 | 189,888 | (236,803) | (35,060) | 168,343 | ||||
| Restricted | funds | 692 | 59,808 | (65,560) | 5,060 | ||||
| 2 83 3 | |||||||||
| Summary | offunds - prior year | ||||||||
| Balance at | Transfer | Balance at | |||||||
| 1 April 2021 | income | Expenditure | infout | 31 | March 2022 | ||||
| E | |||||||||
| Designated | funds | 50,000 | 50,000 | ||||||
| General funds | 174,020 | 166,461 | (83,136) | (7,027) | 250,3'/8 | ||||
| Restricted | funds | 37,359 | /52, 96/ | (196,655) | 7,027 | 692 | |||
| 3010'l0 |
| Analysis | of n | et ass | ets | between funds -curr | ent year | ||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | |||||
| funds | funds | funds | |||||
| 2023 | 2023 | 2023 | |||||
| F | |||||||
| Current | assets | 278,697 | 278,697 | ||||
| Creditors | due | within | one | year | (30,354) | (30,354) | |
| Total | |||||||
| 343 |
| Analysis ofnet assets between funds -prior | year | ||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| Current assets | 692 | 342,344 | 343,036 |
| Creditors due within one year | (42,026) | (42,026) | |
| Total |