Charlty registratlon number 1123401 Company registratlon number 05758480 (England and Wales) APPLECAST LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
APPLECAST LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J K Hodges Mrs N Hennessy MrRKSage Mr W Harrison Mr G Bond Mr G Doubleday Mrs L Vibod Charlty number 1123401 Company number 05758480 Prlncipal address Eco Centre Cobbs Brow Lane Newburgh Wgan Lancashire WN8 7SF Registered office Eco Centre Cobbs Brow Lane Newburgh Wgan Lancashire 1Pm8 7SF
APPLECAST LTD CONTENTS Page Trustees report Independent examinerfs report Statement of financial activities Balance sheet ststement of cash flows Notes to the financial statements 10-19
APPLECAST LTD TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financ5al statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities prepanng their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019)" Objectives and activities The objects of this Pfoject as defined in ourArticles of Association are.. To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability. financial hardship or social circumstances with the object of improving their ¢x)nditions of life and developing their mental health, physical and moral capabilits'es. To promote education and provide training in such ways as the Trustees think fit, including (but V*ithout prejudice to the generality of the foregoing) the provision of training to develop vocational skills relating to agriculture, farming, horticulture and animal husbandry. To assist in such ways as the trustees think fit any organisation whose aims include advancing education by developing their mental, physical and moral capabilitjes through leisure time activities. The Iruslees have paid due regard to guidan issued by the Charty Commission in deciding what activities the charity should undertake.
APPLECAST LTD TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and perfomiance This year we decided to cap the number in SEN to continue our strive to provide a quality provision. The demand remained high with the development of a waiting list to ensure places where used rf any became vacant We continued to show great resutts with attendance at 85% and qualtfications gained at 87%. This year we saw more young people achieving Level 1 certificate and extended rtIficate. We also saw young people completing Level 1 award in exploring construction. Adult SEND continued its steady growth wrth more practical areas being created to enhance leaming. Vle feel that this is important to develop adults learning and to work on social skills for the future. We continued to work with Northstone Construction and HEMSEC. Both these partnerships are pinnacle in the future of the charity through the donation of construction materials and structural insulation panels (SIPS). All materials help to create a leaming platfonn for young people to develop construction skills for the future. This was the first year of using our SIP Construction area. This is to give young people a first-hand experience of a construction site using all PPE and necessary heamh and safety regulations. Construction employers find that many of their young recruits are poorly prepared for work. This judgement applies to nearly half (49%) of school leavers. We feel by giving these young people a taste of how a construction site will work they may be better prepared. This type of leaming is something that Northstone Construction are looking io take up to ensure all young leamers are better prepared for all Northstone sitesl Lakeview Lodge continued its excellent work V¥ith GOOD, GOOD and GOOD in all areas following an Ofsted inspection. The staff have worked extremely hard to conb'nue our grades with nothing but positive comments from the inspector. We are recently a new home but we are still striving for outstanding. Our visitors centre continued to grow in popularity viith 35,000 visitors over the year. We have extended our range of animals and look to improve the facilities and enclosures throughout the year. successfully bred our Meerkats which have become a popular attraction for visitors. Our café achieved grades from Food Standards Agency of 5. We are very proud of this Vth how popular the café has become and the qualty of food when busy. Vle again ran pumpkin and Christmas events th the introduction of 'Summer Fest,. This year pumpkins ran for four days with 1250 pumpkins sold and Carved. We did have 60 pumpkins left which were donated to Newburgh Primary School to enhance learning within the school. Our Christmas and Winter Vlonderland again sold out in record time. We erected 3 tipis and created a Wnter Vvonderland with Sants's Grotto. Over the four nights and days 250 families with 300 young people visited Santa.
APPLECAST LTD TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review The Charity are presenting the Financial Ststements for the year ended 31st March 2024.The results show a surplus of £37.342 which is a credit to the hard bvork of all conMe(l. During the period the Charity received various Stricted grants and donations totalling £40,054 The donations indude.. BBC Children In Need- £10.000 Grants¢ape- £11.199 National Lottery- £10,000 Wigan - £8,855 E Gosling has donated £125,000 unrestricted funds in the year ended 31 st March 2023 but this is b&'ng spread out over 5 years at £25,000 per year The funding and income generated continues to allow the Charity to improve the facilities on site with more access to the general public. This will continue to generate surplus funds to improve the facilrties provided. Reserves Policy It is the policy of the chanty that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the chanty's current activities while consideration is given to ways in which additional funds may be raised. This level of reseNes has been maintained throughout the year. Free reserves for use by the Charity exclude any designated and restricted funds. The organisations current reserves policy allows that unrestricted funds wll atways equal at least £100,000.00 held in a separate bank account in addition to the unrestricted net assets as shown on the balance sheet. This figure will be reviewed annually by the trustees and takes into account the most recent guidance issued by the Charities Commission following ihe review carried out by them in January 2018. The Trustees acpt fully that a consistent and sensible approach to the reserves policy is a must and a good indication of proper and accurate financial stewardship thereby contributing to the future viability of the organisation The reserves policy also provides that this sum of £100,000.00 can be used by the Charity to cater for timing differen5 on CAsh inflow as Stcted funding is now received in arrears when the project{sl that the funding relates to have been completed and commissioned. Such use of the restricted funding will be subject to the Trustees approval. The trustees have assessed the major risks to which the chanty is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
APPLECAST LTD TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods INe have seen some really big increases in costs especially Lrtilits'es. We saw a 100 % increase in this aa due to coming out of a fixed rate contract. To become more environmentslly friendly we a looking to construct new outdoor Classrooms and replace our older with a more environmentsl buildings. We have been assisted in this development by our partners Hemse¢ who have provided us with new SIP panels at no cost. We feel with the introduction of new insulated buildings we can minimise our heating cost. The planning applicats'on to nstruct a new café and refurbish the main building into a school is well on its way. We have appointed the services of planning consultants and building contractors to Complete the task. We are looking at May for a decision on the application. We would then look to employ a head of the independent school. We are looking to create a building that will be environmentally fn'endly to reduce heat cost and increase sustainability. We are looking to create an independent school that will create a sustainability wilh all profits providing activities for the community. This will enhance activities takin9 place and reduce barriers to access. We are looking to improve the cycling track. Due to inclement weather the access has been limited due to health and safety reasons. The track has been flooded which has loosened the base layer. This is causing tlE wheels to spin when in use. We hope to renew the base layer wth an alternative material that will withstand the heavy rainfalls we are experiencing. We are also looking to install a crazy golf to the visitors centre. This will offer more entertainment when visiting site. Next year vle hope to start our Communty angling dub. This will allow vulnerable families to access the sile to fish under guidance of family but also a reglstered coach. In the future we hope for this facility to beo)me self- sustainable and offer learning sessions for other families. Wthin the animal enclosures we hope to install drainage as we are seeing continued flooding in th's area. The welfare of the animals is paramount to the charity and this is something we need to monitor. Structure, governance and management The charity is a company limited by guarantee. The amount of the guarantee is £1.00 per guarantor. Applecast Limited is managed by the charity principal Mr Neil Famworth vtho is employed on a full time basis and he is assisted by 21 full time with 4 kickstart staff. 3 part time staff and 32 volunteers. The stsff assisl Neil fully with the overall running of the site vthilst the volunteer staff assist Neil with the development of the rticUltUre, indoor angling, garden centre. fish breeding, workshops and general site maintenan. The trustees, who are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were.. Mr J K Hodges Mrs N Hennessy MrRKSage Mr W Harrison Mr G Bond Mr G Doubleday Mrs L Wood None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to conlribute £1 in the evenl of a winding up.
APPLECAST LTD TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The company's current policy Conrning ihe payment of trade creditors is to follow the CBI'S Prorrpt Payers Code (copies are available from the CBI, Centre Point. 103 New Oxford Street. London WC1A 1 DU). The company's current policy conceming the payment of trade creditors is to.. settle the terms of payment with suppliers when agreeing the temis of each transaction., ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts., and pay in accordance with the company's contractual and other legal obligats'ons. Trade creditors of the company at the year end were equivalent to 33 day's purchases, based on the average daily amount invoiced by suppliers during the year. The trustees report was approved by the Board of Trustees. Mrs L Wood Trustee 30 October 2024
APPLECAST LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF APPLECAST LTD I report to the trustees on my examination of the financial ststements of Applecast Ltd (the charty) for the year ended 31 March 2024. Responsibilltles and basls of report As the trustees of Ihe charity {and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20C6 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audit under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directs'ons given by the Charity Commission under section 145(5llb} of the 2011 Act. Independent examinerfs statement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of , which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charrty as required by seth'on 386 of the 2006 Act.. or the financial statements do not accord with those records", or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accountsng and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK a1 Republic of Ireland {FRS 102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Dated.. 30 October 2024
APPLECAST LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Donations and legacies Charitsble activities Other income 25.000 992,006 11,346 25,000 992.006 51.400 44,792 949.192 16,944 44.792 949,192 81,760 40,054 64,816 Total income 1,028,352 40.054 1.068.406 1,010,928 64,816 1,075,744 Charitable activities 995.137 35,927 1,031,064 990.595 7,995 998,590 Net income for the yearl Net movement In funds 33.215 4.127 37.342 20,333 56,821 77,154 Fund balances at 1 April 2023 1,423,797 134,924 1.558.721 1,403,464 78,103 1,481.567 Fund balances at 31 March 2024 1,457.012 139,051 1,596,063 1,423.797 134,924 1,558,721 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conts"nuing activities. The statement of financial activities also complies wtth the requirements for an income and expenditure account under the CompaniesA¢t 2006.
APPLECAST LTD BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 1.156.690 1.053,013 Current assets Stocks Debtors Cash at bank and in hand 10 11 5,550 200.647 350,801 5,550 154,214 497,384 556.998 657,148 Creditors: amounts falling due within one year 12 (67.625) (76,440) Net current assets 489,373 580,708 Total assets less current Ilabilities 1,646,063 1,633,721 Credltors: amounts falling due after more than one year 13 (50,000) (75,000) Net assets 1,596,063 1.558,721 Income funds Restricted funds Unrestricted funds 139,051 1.457,012 134,924 1,423.797 1,596,063 1,558,721 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financbal statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 30 October 2024 Mrs L Wood Trustee Company registration number 05758480
APPLECAST LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating actlvltles Cash {absorbed by)Igenerated from operations 16 (17,9481 268,338 Investing activitles Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets {128,636) (84,957) Net cash used in investing actlvlties (128,636) (84,952) Net cash used in financing activities Net Idecrease)Ilncrease In cash and cash equivalents (146.584) 183,386 Cash and cash equivalents at beginning of year 497,384 313,998 Cash and cash equlvalents at end of year 350,801 497,384 CASH FLOW our OF BALANCE B Y..
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity inforniation Applecast Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Eco Cent, Cobbs Brow Lane. Newburgh, Idfigan. Lancashire. VIN8 7SF. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's {governing documentl, the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. ("FRS 102") and the Charrties SORP "Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial ststements are prepared in steding, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, Imi)dified to include the revaluation of freehold properties and to include investment prop&'eS and certain financial InStrnentS at fair valuel. The principal accounting policies adopted are set out below 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the t[lteeS continue to adopt the going ¢on¢em basis of a¢unting in preparing the financial statements. 1.3 Charltable funds Unrestricted fvnds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to spectfic conditions by donors as to how they may be used. The PUTposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capitsl must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending drstribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a Contingent asset. 10-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcies (Continued 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits wll be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is classified by activty. The costs of each acttvty are made up of the total of di costs and shared costs, including 5UPPOrt costs involved in undertaking each activty. Direct costs attribulae to a single activity are allocated directly to that activity Shared costs which contribute to more than one activity and support costs which are not attributable to a single aclivity are apportioned between those activilES on a basis consistent wrth the use of fesources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at Cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Plant and equipment Fixtures and fittings Motor vehicles 1 Ok Straight line 25tsA Reducing balan 25% Reducing balance 25% Reducing balance The gain or loss arising on the disposal of an asset is detemiined as the difference betréeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activits'es. 1.7 Impalment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaiment loss. If any such indallOn exists. the recoverable amount of the asset 15 estimated in order to determine the extent of the impairment loss (if any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, Ythere applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distributs'on at no or nominal consideration are measured the lower of plaCernent cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, depostts held at call with banks, other short-temi liquid investments wrth original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 11
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Continued) 1.10 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its finanaal instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, Vth the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liabilty simultaneously. Basic financial assets Financial assets classified as other financial assets are stated at fair value wth any gains or bsses arising on remeasurement recognised in profft or loss. The net gain or loss recognised in profit or loss includes any dividend or inlerest earned on the financial asset. Other financial assets Financial assets with fixed or determinable payments and fixed Maturity dates that the charity has the positive intent and ability to hold to maturrty are classified as held to maturity investmenls. Held to maturity investments are measured at amortised cost using the effective interest method less any impairment, with revenue recognised on an effective yield basis. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future ¢ash receipts through the expeded life of the debt instrument to the net carrying amount on initial recognition. Impalmient of financial assets Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Finanaal assets are impaired where there is obiecbve eviden that, as a result of one or more events that occurred after the initial recognition of the finanual asset, the estimated future cash flows have been affected. If an asset is impaired, the impainnent loss is the difference beeen the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest fate. The impaifment loss is recognised in net incomel(expenditurel for the year. If there is a decrease in the impaimient loss arising from an event occurring after the impairment was recognised, the impaiment is reversed. The reversal is such that the current carying amount does not exceed what the carrying amount would have been, had the impaimient not previously been recognised. The impainnent reversal is recognised in net incomel(expenditure) for the year. Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership afe retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. 12-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Icontlnued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitules a financing transaction, where the debt instwment is measured at the present value of the fulure payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services thal have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilits'es if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Other financial liabilities Derivatives, induding interest rate svRps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised al fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in or in finance costs or finance income as appropriate. unless hedge accounting is applied and the hedge is a cash ftow hedge. DeCognItion of flnancial liabilfties Financial Siabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee beneffts The Gosl of any unused holiday entrtlement is recognised in the period in which the employee's services are received. Termination beneffts are cognISed immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiinaton benefits. 1.12 Foreign exchange Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dales of the transactions. At each reporting end date. monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profft or loss. crftical accounting estimates and judgements In the application of the charty's accounting policies. the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilitses that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects tY that period, or in the period of the revision and future periods where the revision affects both current and future periods. 13-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacies Unrestricted Unrestricted funds funds 2024 2023 Donations and gifts 25,000 44,792 Charltable actlvitles Charitable In¢ome Hoading 1 2024 Charitable Income Heading 2 2024 Total 2024 Charitabl• Income Heading 1 2023 Charitsbl? Income Hèading 2 2023 Total 2023 Sales within charitable activities Sales of services by beneficiaries Other income 495.562 495,562 516.817 516,817 156,147 156,147 340,297 93,447 93,447 338,928 340.297 338,928 835,859 156,147 992,006 855.745 93.447 949,192 other Income Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Other income Miscellaneous income 40.054 40.054 11.346 64,816 64,816 16.944 11,346 16.944 11,346 40.054 51,400 16,944 64,816 81,760 14-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Charltable Charltable Expenditure Expenditure Heading 1 Headlng 1 2024 2023 Staff costs Depreciation and impaiment Purchases Pension costs Rates and water Heat and light Repairs and maintenance Insuran Travelling Legal and professional Telephone General Expenses Printing, postage, stationery and computer expenses Equipment hire 707,394 24,958 107,829 32,919 2.385 22,716 40,779 24,715 22,923 (67} 4,789 10,625 1,481 27,618 678.398 27,495 126,095 27,665 5,437 18,288 10,136 25,775 29,843 11,540 3,168 7,742 1,899 25,109 1,031.064 998,590 1,031,064 998,590 Analysis by fund Unrestricted funds Restricted funds 995,137 35,927 990,595 7,995 1,031,064 998,590 Trustees None of the trustees (or any persons Connected with them) reiVed any remuneration or benefrts from the charity during the year. Employees The average monthly number of employees during the year was.. 2024 Nurnber 2023 Number 14 22 15-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees Icontinued) Employment costs 2024 2023 Wages and salaries Social security costs 650,810 56,584 627,863 50,535 707.394 678,398 There were no employees whose annual remuneration was more than £60.000. 16-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Stocks 2024 2023 Finished goods and goods for resale 5,550 5,550 11 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors 53,439 147,208 53,300 100,914 200,647 154,214 12 Credltors: amounts falling due wlthln one year 2024 2023 Other taxation and social security Payments received on account Trade creditors Other credilors Accruals and deferred income 25.284 25,000 11,232 5.106 1,003 17,132 25,000 18,779 12,736 2,793 67,625 76,440 13 Credltors: amounts falllng due after more than one year 2024 2023 Payments received on account 50,000 75.000 14 Analysls of net assets between funds Unrestricted Restrlcted funds funds 2024 2024 Total Unrestricted Restricled funds funds 2023 2023 Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Tangible assets Current assetsl{liabilib'es) Long temi liabilities 1.156,690 489,373 (50.000) 1.156,690 489,373 (50,000) 1,053,013 580,708 (75.000) 1.053,013 580,708 (75.0001 1.596.063 1.596.063 1.558.721 1,558.721 18-
APPLECAST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Related paty transactions There were no disclosable related paty transactions during the year (2023 - none). 16 Cash generated from operatlons 2024 2023 Surplus for the year 37,342 77,154 Adjustments for-. Depreciation and impainnent of tangible fixed assets 24.958 27,495 Movements in working capital.. (Increase) in stocks {Increase)Idecrease in debtors (Decrease)fincrease in credilors (2641 77.555 86,398 (46,433) (33.815) Cash labsorbed byvgenerated from operatlons 117,948) 268,338 19-