| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial Statements | 7 | to | 14 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | ||||||
| funds | funds | ||||||
| Notes | E | 5 | |||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations | and legacies | 104,000 | 75,000 | ||||
| Charitable | activities | ||||||
| Partnership | Foundation | Fund | 2,000 | 1,000 | |||
| Investment | income | 9,336 | 5,878 | ||||
| Total | 115,336 | 81,878 | |||||
| EXPENDITURE ON | |||||||
| Raising funds | 8,305 | 4,333 | |||||
| Charitable | activities | ||||||
| Partnership | Foundation | Fund | 171,849 | 55,545 | |||
| Other | 8,714 | 6,691 | |||||
| Total | 188,868 | 66,569 | |||||
| NET INCOIIIIE/(EXPENDITURE) | (73,532) | 15,309 | |||||
| RECONCILIATION | OF | FUNDS | |||||
| Total funds | brought | forward | 331,366 | 316,057 | |||
| TOTAL FUNDS CARRIED FORWARD | 257,834 | 331,366 |
| BALANCE SHEET 31 MARCH 2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Total | Total | ||
| funds | funds | ||
| Notes | E | F | |
| FIXEDASSETS | |||
| Social investments | 13 | 100,000 | 100,000 |
| CURRENT ASSETS | |||
| Debtors | 14 | 104,323 | 75,272 |
| Cash at bank | 81,561 | 159,029 | |
| 185,884 | 234,301 | ||
| CREDITORS | |||
| Amounts falling due within one year |
15 | (28,050) | (2,935) |
| NET CURRENT ASSETS | 157,834 | 231,366 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 257,834 | 331,366 | |
| NET ASSETS | 257,834 | 331,366 | |
| FUNDS | 16 | ||
| Unrestricted funds |
257,834 | 331,366 | |
| TOTAL FUNDS | 257,834 | 331,366 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 2023 | 2022 | |
| F | ||
| Donations | 104,000 | 75,000 |
| INVESTMENT INCOME | ||
| 2023 | 2022 | |
| F | ||
| Rents received | 8,305 | 5,789 |
| Deposit account interest | 1,031 | 89 |
| 9,336 | 5,878 |
| All investment income is derived from assets held in |
All investment income is derived from assets held in |
All investment income is derived from assets held in |
All investment income is derived from assets held in |
the United King |
dom. | |
|---|---|---|---|---|---|---|
| INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 2023 | 2022 | |||||
| Activity | f | 8 | ||||
| Hope into action | Partnership | Foundation | Fund | 2,000 | 1,000 | |
| RAISING FUNDS | ||||||
| Other trading | activities | |||||
| 2023 | 2022 | |||||
| F | ||||||
| Rent | 8,305 | 4,333 |
| Grant | |||||||
|---|---|---|---|---|---|---|---|
| funding of |
|||||||
| activities | |||||||
| (see note | |||||||
| 7) | |||||||
| 8 | |||||||
| Partnership Foundation |
Fund | 171,849 | |||||
| GRANTS PAYABLE | |||||||
| 2023 | 2022 | ||||||
| F | E | ||||||
| Partnership Foundation |
Fund | 171,849 | 55,545 | ||||
| The total grants paid |
to | institutions | during the year was as follows: | ||||
| 2023 | 2022 | ||||||
| F | F | ||||||
| Aspex | 20,000 | 10,000 | |||||
| Lily 8 Lime | 500 | ||||||
| Sehco | 445 | ||||||
| EC Roberts Centre | 17,500 | 2,750 | |||||
| Portsea Event | 500 | ||||||
| Makers Guild |
500 | ||||||
| Marvels and meltdowns | 500 | ||||||
| Two Saints | 2,504 | 1,957 | |||||
| Hope into Action | 10,500 | ||||||
| Salvation army |
6,350 | ||||||
| Boogiemites | 950 | ||||||
| Dadzclub | 500 | 500 | |||||
| Gardening Project - Brockhurst |
Baptist Church | 500 | |||||
| Comfort and Joy Vouchers | 7,000 | 500 | |||||
| The Hive (foodbanks | and food pantries) | 50,000 | 20,000 | ||||
| Wecock Farm | (500) | ||||||
| Age Concern —Gosport |
Hospital | 924 | |||||
| Portsmouth Northsea |
Swimming | Club | 500 | ||||
| Friends ofWalpole Park | 130 | ||||||
| The Genesis Centre | 500 | ||||||
| YMusic | 484 | ||||||
| Anchorage Park Basketball |
500 | ||||||
| Orchard Park Regeneration |
500 | ||||||
| Sparks Community Space Cuppa |
&Cake | 500 | 500 | ||||
| Golden Gloves Boxing | 500 | ||||||
| Dinky Tinkers | 500 | ||||||
| Peter J Coding | 500 | ||||||
| Havelock Community |
Centre | 500 | 500 | ||||
| STEM Unity | 900 | ||||||
| Community Fair |
500 | ||||||
| Andrew Simpson Foundation |
500 | ||||||
| Walking Football |
500 | ||||||
| Sustrans | 500 | ||||||
| Jacobs Well Care Centre | 10,000 | ||||||
| The Twirly's Game Club | 500 | ||||||
| Abilities for Life | 500 | ||||||
| Portsmouth Community |
Housing | Trust | 25,000 | ||||
| Motiv8 Mental Health |
23,000 | 5,000 | |||||
| 171,849 | 55,545 |
| SUPPORT C | OSTS | |||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| Management | Finance | costs | Totals | |||
| E | 6 | 6 | 6 | |||
| Other resources expended | 4,353 | 75 | 4,286 | 8,714 | ||
| Support costs, included | in the above, | are as follows: | ||||
| Management | ||||||
| 2023 | 2022 | |||||
| Other | ||||||
| resources | Total | |||||
| expended | activities | |||||
| Administration | 4,353 | 3,421 | ||||
| Finance | ||||||
| 2023 | 2022 | |||||
| Other | ||||||
| resources | Total | |||||
| expended | activities | |||||
| E | 6 | |||||
| Bank charges | 75 | 61 | ||||
| Governance | costs | |||||
| 2023 | 2022 | |||||
| Other | ||||||
| resources | Total | |||||
| expended | activities | |||||
| 6 | ||||||
| Insurance | 406 | 394 | ||||
| Accountancy | and legal | fees | 3,880 | 2,815 | ||
| 4,286 | 3,209 |
| FO | R | THE | YEAR | ENDE | D 31 MARCH 2023 | ||||
|---|---|---|---|---|---|---|---|---|---|
| 10. | STAFF COSTS | ||||||||
| The average monthly number |
of | employees | during | the year was as follows. | |||||
| 2023 | 2022 | ||||||||
| Support staff | 1 | 1 | |||||||
| No employees received |
emoluments | in excess of | F60,000. | ||||||
| 11. | CONIPARATIVES FOR | THE | STATEMENT | OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | |||||||||
| funds | |||||||||
| F | |||||||||
| INCOME AND ENDOWMENTS | FROM | ||||||||
| Donations and legacies |
75,000 | ||||||||
| Charitable activities |
|||||||||
| Partnership Foundation |
Fund | 1,000 | |||||||
| Investment income |
5,878 | ||||||||
| Total | 81,878 | ||||||||
| EXPENDITURE ON | |||||||||
| Raising funds | 4,333 | ||||||||
| Charitable activities |
|||||||||
| Partnership Foundation |
Fund | 55,545 | |||||||
| Other | 6,691 | ||||||||
| Total | 66,569 | ||||||||
| NET INCOME | 15,309 | ||||||||
| RECONCILIATION OF |
FUNDS | ||||||||
| Total funds brought forward |
316,057 | ||||||||
| TOTAL FUNDS CARRIED FORWARD | 331,366 |
| 12. | TANGIBLE FIXEDASS | E | TS | ||
|---|---|---|---|---|---|
| Office | |||||
| equipment | |||||
| F | |||||
| COST | |||||
| At 1 April 2022 and 31 March 2023 | 4,358 | ||||
| DEPRECIATION | |||||
| At 1 April 2022 and 31 March 2023 | 4,358 | ||||
| NET BOOK VALUE | |||||
| At 31 March 2023 | |||||
| At 31 March 2022 | |||||
| 13. | SOCIAL INVESTMENTS | ||||
| Other | |||||
| investments | |||||
| MARKET VALUE | |||||
| At 1 April 2022 and 31 March 2023 | 100,000 | ||||
| NET BOOK VALUE | |||||
| At 31 March 2023 | 100,000 | ||||
| At 31 March 2022 | 100,000 | ||||
| 14. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2023 f |
2022 f |
||||
| Other debtors | 104,000 | 75,000 | |||
| Prepayments | 323 | 272 | |||
| 104,323 | 75,272 | ||||
| 15. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2023 f |
2022 f |
||||
| Trade creditors | 1,044 | 1,375 | |||
| Other creditors | 25,000 | ||||
| Accrued expenses | 2,006 | 1,560 | |||
| 28,050 | 2,935 |
| MOVEM | ENT | IN FUNDS | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Net | ||||||||||
| movement | At | |||||||||
| At 1.4.22 | in funds | 31.3.23 | ||||||||
| 8 | E | |||||||||
| Unrestricted | funds | |||||||||
| General | fund | 331,366 | (73,532) | 257,834 | ||||||
| TOTAL | FUNDS | 331,366 | (73,532) | 257,834 | ||||||
| Net movement | in funds, | included | in the above | are as follows: | ||||||
| Incoming | Resources | Movement | ||||||||
| resources | expended | in funds | ||||||||
| 6 | F | |||||||||
| Unrestricted | funds | |||||||||
| General | fund | 115,336 | (188,868) | (73,532) | ||||||
| TOTAL | FUNDS | 115,336 | (188,868) | (73,532) | ||||||
| Comparatives | for movement | in | funds | |||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1.4.21 | in funds | 31.3.22 | ||||||||
| E | E | |||||||||
| Unrestricted | funds | |||||||||
| General | fund | 316,057 | 15,309 | 331,366 | ||||||
| TOTAL | FUNDS | 316,057 | 15,309 | 331,366 | ||||||
| Comparative | net movement | in | funds, | included | in the above are as follows: | |||||
| Incoming | Resources | Movement | ||||||||
| resources | expended | in funds | ||||||||
| E | E | E | ||||||||
| Unrestricted | funds | |||||||||
| General | fund | 81,878 | (66,569) | 15,309 | ||||||
| TOTAL | FUNDS | 81,878 | (66,569) | 15,309 |
| (a company with |
directors in common with the charity) duri |
ng the year: | |
|---|---|---|---|
| 2023 | 2022 | ||
| F | |||
| Donation | 104,000 | 75,000 | |
| Debtor/(creditor) | at balance sheet date | 104,000 | 75,000 |
| Rent charged | 3,374 | 4,333 |