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 V￿th 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 con￿Me(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 ac￿pt 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 differen￿5 on CAsh inflow as ￿St￿cted 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 a￿a 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 w￿th 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 Con￿rning 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 a￿1
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 InStr￿nentS 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[l￿teeS
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 attribula￿e 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 ind￿allOn
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, V￿th 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 be￿een 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.
De￿CognItion 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) re￿iVed 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-