## |Trustees|||Jan Wing (Chair)|Jan Wing (Chair)||| |---|---|---|---|---|---|---| ||||Stephen
Harvey (Vice Chair)|||| ||||Beverley Johnston||(Treasurer)|| ||||Keith Batchelor|||| ||||Stephen
Clarke|||| ||||Andrew
Cooke|||| ||||Victoria Jacob|||| ||||Peter Maiden|||| ||||Patricia Spears|||| ||||Diana Yip|||| |Secretary|||lan Richardson|||| |Charity|number||1118986|||| |Company||number|06143165|||| |Principal|address||Nigel Copping|Community||Building| ||||Sanville Gardens|||| ||||Stanstead Abbotts|||| ||||Ware|||| ||||Hertfordshire|||| ||||SG12 8GA|||| |Registered||office|Nigel Copping|Community||Building| ||||Sanville Gardens|||| ||||Stanstead Abbotts|||| ||||Ware|||| ||||Hertfordshire|||| ||||SG128GA|||| |Auditors|||Gowers
Limited|||| ||||The Old School House|||| ||||Bridge Road|||| ||||Hunton
Bridge|||| ||||Kings Langley|||| ||||Hertfordshire|||| ||||WD4 8SZ|||| |Bankers|||HSBC|||| ||||81 Turners
Hil!|||| ||||Cheshunt|||| ||||Hertfordshire|||| ||||EN8 9BA|||| |Solicitors|||Longmores
Solicitors|||| ||||24 Castle Street|||| ||||Hertford|||| ||||Hertfordshire|||| ||||SG14 1HP|||| ## ||||Page| |---|---|---|---| |Chairman's|statement||| |Trustees'|report||2-6| |Statement|ofTrustees'|responsibilities|| |Independent
auditor's||report|8-10| |Statement|offinancial|activities|11 - 12| |Balance sheet|||| |Statement|ofcash flows||14| |Notes to the financial||statements|15-28| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial year|Current financial year|||||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||Unrestricted|Restricted|Total|Total| ||||||||funds|funds||| ||||||||2023|2023|2023|2022| |||||||Notes|F|E||E| |income from:||||||||||| |Donations
and|voluntary||income||||35,041||35,041|29,435| |Promotion
of charitable||purposes||in Broxbourne|and|||||| |East Herts|||||||148,413|1,409,039|1,557,452|1,088,234| |Commercial
activities and fundraising|||||||30,831||30,831|8,405| |Investment
income|||||||2,338||2,338|46| |Total income|||||||216,623|1,409,039|1,625,662|1,126,120| |Promotion
of charitable||purposes||in Broxbourne|and|||||| |East Herts|||||||176,723|1,417,698|1,594,421|988,135| |Net income/(expenditure)|||for the year/|||||||| |Net movement|in funds||||||39,900|(8,659)|31,241|137,985| |Fund balances|at 1 April||2022||||217,996|334,792|552,788|414,803| |Fund balances|at 31 March 2023||||||257,896|326,133|584,029|552,788| ## ## ## ## |Prior financial
year|||||||| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total| ||||||funds|funds|| |||||Notes|2022f|2022|2022| |income from:|||||||| |Donations
and voluntary|income||||29,435||29,435| |Promotion of charitable|purposes|in Broxbourne|and East||||| |Herts|||||321,176|767,058|1,088,234| |Commercial
activities and fundraising|||||8,405||8,405| |Investment
income|||||46||46| |Total income|||||359,062|767,058|1,126,120| |Ex enditure
on:|||||||| |Promotion
of charitable|purposes|in Broxbourne|and East||||| |Herts|||||311,736|676,399|988,135| |Total expenditure|||||311,736|676,399|988,135| |Net income before transfers|||||47,326|90,659|137,985| |Net income/(expenditure)
for the year/|||||||| |Net movement
in funds|||||47,326|90,659|137,985| |Fund balances at 1 April|2021||||170,670|244,133|414,803| |Fund balances at 31 March 2022|||||217,996|334,792|552,788| ## ## ## ||||||2023||2022|| |---|---|---|---|---|---|---|---|---| |||||Notes|||f|| |Fixed assets||||||||| |Tangible assets||||12||5,167||| |Current assets||||||||| |Debtors||||13|149,708||49,915|| |Cash at bank and|in|hand|||494,036||599,262|| ||||||643,744||649,177|| |Creditors: amounts||falling due within||||||| |one year||||14|(64,882)||(96,389)|| |Net current assets||||||578,862||552,788| |Total assets less|current||liabilities|||584,029||552,788| |Income funds||||||||| |Restricted funds||||16||326,133||334,792| |Unrestricted
funds||||||||| |Designated
funds||||17|180,000||170,000|| |General
unrestricted||funds|||77,896||47,996|| |||||||257,896||217,996| |||||||584,029||552,788| ## ## ## ||||||2023|||2022|| |---|---|---|---|---|---|---|---|---|---| |||||Notes|F||||| |Cash flows from operating||activities|||||||| |Cash (absorbed
by)/generated|||from|21|||||| |operations||||||(101,564)|||174,806| |Investing
activities|||||||||| |Purchase oftangible
fixed|assets||||(6,000)||||| |Interest received|||||2,338||46||| |Net cash (used in)/generated|||from||||||| |investing
activities||||||(3,662)|||46| |Net (decrease)/increase|in|cash and||cash|||||| |equivalents||||||(105,226)|||174,852| |Cash and cash equivalents||at|beginning|ofyear||599,262|||424,410| |Cash and cash equivalents|||at end of|year||494,036|||599,262| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Unrestricted| |---|---|---|---|---|---|---| ||||||funds|funds| ||||||2023|2022| ||||||f|F| |Donations|and gifts||||481|4,043| |Grants for|core activities||and Covid-19|support|34,560|25,392| ||||||35,041|29,435| |Grants receivable for core activities||||and Covid-19 support||| |Broxbourne||Council|||5,000|5,000| |East Herts|Council||||13,800|13,800| |Communities||First - Covid Information||Champions|15,760|| |NACVA: Covid-19||||||1,500| |Herffordshire||Community|Foundation:|Covid-19||5,000| |Coronavirus||Job Retention Scheme grant||||92| ||||||34,560|25,392| ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| ||||||||F| ||Performance||related|grants||1,427,040|791,058| ||Ancillary
trading
income|||||130,412|297,176| |||||||1,557,452|1,088,234| ||Analysis
by|fund|||||| ||Unrestricted||funds|||148,413|321,176| ||Restricted
funds|||||1,409,039|767,058| |||||||1,557,452|1,088,234| ||Performance||related|grants|||| ||Big Local Trust|||||851,340|356,151| ||Building Better Opportunities|||||158,035|163,835| ||Hertfordshire||County|Council||72,850|| ||Broxbourne|Borough||Council||31,520|| ||Community|Transport||||29,524|19,295| ||Lowewood|Museum||||31,430|2,970| ||Food Poverty|||||55,500|40,000| ||Hertfordshire||Adults and Family Learning||Service|22,500|3,963| ||Foodbanks|||||77,000|45,500| ||Job Smart|||||43,500|37,077| ||Other|||||53,841|122,267| |||||||1,427,040|791,058| |5|Commercial||activities and fundraising||||| |||||||Unrestricted|Unrestricted| |||||||funds|funds| |||||||2023|2022| ||||||||F| ||Other Earned||Income|||30,831|8,405| ## ## ## |6|Investment|income|income||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||Unrestricted|Unrestricted| |||||||||funds|funds| |||||||||2023|2022| ||Interest receivable|||||||2,338|46| |7|Promotion|ofcharitable|||purposes|in Broxbourne|and East Herts||| |||||||||2023|2022| |||||||||E|| ||Staff costs|||||||857,196|592,036| ||Depreciation||and impairment|||||833|1,050| ||Training
and||information||costs|||4,934|2,883| ||Direct project||costs|||||568,228|264,616| ||Premises costs|||||||108,386|91,910| ||Insurance|||||||3,714|1,600| ||Office costs|||||||16,904|10,858| ||Computer costs|||||||6,496|2,436| ||Repairs and||maintenance|||||4,622|2,127| ||Travel and subsistence|||costs||||84|97| ||General expenses|||||||839|| ||Professional||costs|||||18,908|15,522| ||Bank charges|||||||277|| ||Governance||costs|||||3,000|3,000| |||||||||1,594,421|988,135| ||Analysis
by||fund||||||| ||Unrestricted|funds||||||176,723|311,736| ||Restricted funds|||||||1,417,698|676,399| |||||||||1,594,421|988,135| ## ## ## |The average
|monthly
number ofemployees
during th|e year was:|| |---|---|---|---| |||2023|2022| |||Number|Number| |Core activities||41|32| |Employment|costs|2023|2022| |||f|| |Wages and salaries||776,727|539,440| |Social security|costs|57,532|36,394| |Other pension|costs|22,937|16,202| |||857,196|592,036| |The num|b|er
ofemployees
whose annual
remuneratio|n
was f60,000 or more were:|| |---|---|---|---|---| ||||2023|2022| ||||Number|Number| |f60,001|-|265,000|1|1| ## ## ## ## |12|Tangible fixed|assets|assets|||| |---|---|---|---|---|---|---| |||||Database|Computers
&|Total| ||||||office|| ||||||equipment|| |||||F|F|| ||Cost|||||| ||At 1 April 2022||||4,200|4,200| ||Additions|||6,000||6,000| ||At 31 March 2023|||6,000|4,200|10,200| ||Depreciation
and impairment|||||| ||At 1 April 2022||||4,200|4,200| ||Depreciation
charged||in the year|833||833| ||At 31 March 2023|||833|4,200|5,033| ||Carrying
amount|||||| ||At 31 March 2023|||5,167||5,167| |13|Debtors|||||| ||||||2023|2022| ||Amounts
falling due||within one year:|||F| ||Trade debtors||||95,701|29,511| ||Other debtors||||596|| ||Prepayments
and accrued income||||53,411|20,404| ||||||149,708|49,915| |14|Creditors: amounts||falling due within one year|||| ||||||2023|2022| |||||Notes|F|| ||Other taxation|and social security|||12,947|12,219| ||Deferred
income|||15|12,217|30,333| ||Trade creditors|||||33,183| ||Other creditors|||||1,264| ||Accruals||||39,718|19,390| ||||||64,882|96,389| |15|Deferred income|||||| ||||||2023|2022| ||||||E|| ||Other deferred|income|||12,217|30,333| ## ## |15|Deferred income|Deferred income||||||(Continued)| |---|---|---|---|---|---|---|---|---| ||Deferred|income is|included||in the financial statements|as follows:||| ||||||||2023|2022| |||||||||E| ||Deferred|income is|included||within:|||| ||Current|liabilities|||||12,217|30,333| ||Movements
in the year:|||||||| ||Deferred|income at|1 April 2022||||30,333|| ||Released from previous|||periods|||(30,333)|| ||Resources deferred||in the year||||12,217|30,333| ||Deferred|income at|31|March|2023||12,217|30,333| ||O|Ze
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(DO.||| ## ## ||||Movement||||| |---|---|---|---|---|---|---|---| ||||in funds||||| |||Balance at|Incoming|Balance at|Resources|Transfers|Balance at| |||1April 2021|resources|1 April 2022|expended||31 March 2023| ||||F|E|||E| |Contingency|Fund|75,000||75,000|||75,000| |Business Development|||||||| |Fund||35,000||35,000|(17,108)|17,108|35,000| |Future Sustainability|||||||| |Reserve||60,000||60,000|||60,000| |Employment|Fund|||||10,000|10,000| |||170,000||170,000|(17,108)|27,108|180,000| ## |Analysis|of|net assets|between funds|||||| |---|---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| ||||funds|funds||funds|funds|| ||||2023|2023|2023|2022|2022|2022| ||||||E|||E| |Fund balances at 31||||||||| |March 2023||are||||||| |represented||by:||||||| |Tangibie|assets||5,167||5,167|||| |Current|assets/(liabilities)||252,729|326,133|578,862|217,996|334,792|552,788| ||||257,896|326,133|584,029|217,996|334,792|552,788| ## ## ## ## ## |||||||||| |---|---|---|---|---|---|---|---|---| |21|Cash generated
from|operatio|ns||||2023|2022| ||Surplus
for the year||||||31,241|137,985| ||Adjustments
for:|||||||| ||Investment
income recognised||in statement||offinancial|activities|(2,338)|(46)| ||Depreciation
and impairment
oftangible|||fixed assets|||833|1,050| ||Movements
in working|capital:||||||| ||(Increase)
in debtors||||||(99,793)|(36,224)| ||(Decrease)/increase
in|creditors|||||(13,391)|41,708| ||(Decrease)/increase
in|deferred|income||||(18,116)|30,333| ||Cash (absorbed
by)/generated||from operations||||(101,564)|174,806| |22|Analysis
ofchanges|in net funds||||||| ||The charity had no debt during||the year.||||||