| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 2 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Statement ofFinancial Position | |||
| Notes to the Financial Statements | 6 | to | 15 |
| Detailed Statement ofFinancial Activities | 16 |
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies |
624 | 321 | |
| Other acfivities | 67,956 | ||
| Investment income |
26,166 | 25,727 | |
| Total | 94,746 | 26,048 | |
| EXPENDITURE ON | |||
| Raising funds | 96,829 | 81,643 | |
| 202 | 270 | ||
| Total | 97,031 | 81,913 | |
| NKT INCOME/(EXPENDITURE) Other recognised gains/(tosses) |
(2485) | (55,865) | |
| Gains on revaluation offixed assets | 70,000 | ||
| Net movement in funds |
(2,285) | 14,135 | |
| RECONCILIATION OFFUNDS |
|||
| Total funds brought forward |
804,861 | 790,726 | |
| TOTAL FUNDS CARRIED FORWARD | 802,576 | 804,861 |
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 10 | 585,607 | 585,809 |
| CURRENT ASSETS | |||
| Debtors Cash atbank |
1,343 291,319 |
1,724 359,538 |
|
| 292,662 | 361362 | ||
| CREDITORS | |||
| Amounts falling due within one year |
12 | (75,693) | (142410) |
| NET CURRENT ASSETS | 216,969 | 219,052 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 802,576 | 804,861 | |
| NETASSETS | 802,576 | 804,861 | |
| FUNDS | 13 | ||
| Unrestricted funds |
802,576 | 804,861 | |
| TOTAL FUNDS | 802,576 | 804,861 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Donations | 624 | 321 | ||
| OTHER ACTIVITIES | ||||
| 2023 | 2022 | |||
| Membership subscripfions |
67,956 | |||
| INVESTMENT INCOME | ||||
| 2023 | 2022 | |||
| Rents received Rental expenditure Deposit account interest |
33,730 (8,823) 1,259 |
31,820 (6,143) 50 |
||
| 26,166 | 25,727 | |||
| RAISING FUNDS | ||||
| Raising donations | and | legacies | ||
| 2023 | 2022 | |||
| Trustees' remuneration Staffcosts Insurance |
etc | 79,000 7,528 552 |
f. 61,750 7,074 424 |
|
| Telephone | 588 | 525 | ||
| Postage and stationery | 7 | 360 | ||
| Travellmg expenses |
624 | |||
| Computer soibvare | and | costs | 1,941 | 1,204 |
| 89,616 | 71,961 |
| Other activities | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Purchases Staff costs Rent Bad debts |
5,953 203 |
700 2,688 5,339 |
||
| Accountancy | 997 | 955 | ||
| Trust Advice | 60 | |||
| 7,213 | 9,682 | |||
| Aggregate amounts |
96,829 | 81,643 | ||
| 6. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) | is stated after charging/(crediting): | |||
| 2023 | 2022 | |||
| Depreciation - owned assets | 202 | 269 | ||
| Other operating leases |
5,953 | 5,339 | ||
| 7. | TRUSTEES' REMUNERATION | AND BENEFITS | ||
| 2023I | 2022 | |||
| Trustees' salaries | 79,000 | 61,750 | ||
| Trastees' expenses | ||||
| There were no trustees' | expenses paid for the year ended 30June 2023 nor for the year ended 30June 2022. | |||
| STAFFCOSTS |
| STAFFCOSTS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Wages and salaries Social security costs Other pension costs |
79,000 2,536 4,992 |
64,438 2,082 4,992 |
||
| 86,528 | 71,512 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| Directors Office Administmtion |
2023 2 |
2022 2 1 |
| THE WEDNESDAY WORD LIMITED TRADING ASTHE WEDNESDAY WORD TRUST |
THE WEDNESDAY WORD LIMITED TRADING ASTHE WEDNESDAY WORD TRUST |
|||
|---|---|---|---|---|
| NOTES TOTHE FINANCIAL STATEMENTS -continued | ||||
| FORTHK YEARENDED 30JUNE 2023 | ||||
| COMPARATIVES FORTHE STATEMENT OFFINANCIAL AC~S | ||||
| Unrestricted | ||||
| fund | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
321 | |||
| Investment income |
25,727 | |||
| Total | 26,048 | |||
| EXPENDITURE ON | ||||
| Raising funds | 81,643 | |||
| 270 | ||||
| Total | 81,913 | |||
| NET INCOME/(EXPENDITURE) Other recognised gains/gasses) |
(55865) | |||
| Gains on revaluation offixed assets | 70,000 | |||
| Net movement in funds |
14,135 | |||
| RECONCILIATION OFFUNDS |
||||
| Total fimds brought forward |
790,726 | |||
| TOTAL FUNDS CARRIED FORWARD | 804,86! | |||
| 10. | TANGIBLE FIXEDASSETS | |||
| Fixtures | ||||
| Freehold | and | |||
| property | fitdngs | Totals | ||
| COSTORVALUATION | ||||
| At 1July 2022 and 30June 2023 | 585,000 | 6,452 | 591,452 | |
| DEPRECIATION | ||||
| At 1July 2022 Charge foryear |
5,643 202 |
5,643 202 |
||
| At30June 2023 | 5,845 | 5,845 | ||
| NET BOOKVALUE | ||||
| At 30June 2023 | 585,000 | 607 | 585,607 | |
| At 30June 2022 | 585,000 | 809 | 585,809 |
| Fixtures | |||||
|---|---|---|---|---|---|
| Freehold | and | ||||
| property | fittings | Totals | |||
| Valuation in Valuation in Cost |
2021 2022 |
141,822 70,000 373,178 |
6,452 | 141,822 70,000 379,630 |
|
| 585,000 | 6,452 | 591,452 | |||
| 11. | DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | ||||
| f | |||||
| Trade debtors Prepayments |
1,343 | (648) 2372 |
|||
| 1,343 | 1,724 | ||||
| 12. | CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | ||||
| 6 | |||||
| Social security and other taxes Accruals and deferred income Accrued expenses |
1,206 73,887 600 |
648 140,992 570 |
|||
| 75,693 | 142,210 | ||||
| 13. | MOVEMKNT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.7.22 | in funds | 30.6.23 | |||
| Unrestricted | funds | ||||
| General fund | 804,861 | (2485) | 802,576 | ||
| TOTAL FUNDS | 804,861 | (2,285) | 802,576 | ||
| Net movement | in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted | funds | 6 | 6 | ||
| General fund | 94,746 | (97,031) | (2785) | ||
| TOTAL FUNDS | 94,746 | (97,031) | (2,285) |
| Net | ||||
|---|---|---|---|---|
| nlovenlent | At | |||
| At 1.7.21 | in funds | 30.6.22 | ||
| Unrestricted | funds | |||
| General fund | 790,726 | 14,135 | 804,861 | |
| TOTAL FUNDS | 790,726 | 14,135 | 804,861 |
| Resources | Gains and | Movement | |||
|---|---|---|---|---|---|
| expended | losses | in funds | |||
| Unrestricted | funds | ||||
| General fund | 26,048 | (81,913) | 70,000 | 14,135 | |
| TOTAL FUNDS | 26,048 | (81,913) | 70,000 | 14,135 | |
| A current year | 12months and prior year 12months combined position is as follows: | ||||
| Net | |||||
| movement | At | ||||
| At 1.7.21 | in funds | 30.6.23 | |||
| Unrestricted | funds | I | |||
| Geneml fund | 790,726 | 11,850 | 802,576 | ||
| TOTAL FUNDS | 790,726 | 11,850 | 802,576 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 120,794 | (178,944) | 70,000 | 11,850 | |
| TOTAL FUNDS | 120,794 | (178,944) | 70,000 | 11,850 |
| THEWEDNESDAY WORD LIMITED TRADING ASTHE WEDNESDAY WORD TRUST |
|||
|---|---|---|---|
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | |||
| FORTHE YEARENDED 30JUNE 2023 | |||
| 2023 | 2022 | ||
| 6 | |||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donanons | 624 | 321 | |
| Other activities | |||
| Membership subscriptions |
67,956 | ||
| Investment income |
|||
| Rents received | 33,730 | 31,820 | |
| Rental expenditure | (8,823) | (6,143) | |
| Deposit account interest | 1,259 | 50 | |
| 26,166 | 25,727 | ||
| Total incondng resources | 94,746 | 26,048 | |
| EXPENDITURE | |||
| Raising donations | and legacies | ||
| Trustees' salaries | 79,000 | 61,750 | |
| Social security | 2,536 | 2,082 | |
| Pensions | 4,992 | 4/92 | |
| Insurance | 552 | 424 | |
| Telephone | 588 | 525 | |
| Postage and stationery | 7 | 360 | |
| Travelling expenses |
624 | ||
| Computer soibvare |
snd costs | 1,941 | 1,204 |
| 89,616 | 71,961 | ||
| Other activities | |||
| Purchases | 700 | ||
| Wages | 2,688 | ||
| Rent | 5953 | 5,339 | |
| Bad debts | 203 | ||
| Accountancy | 997 | 955 | |
| Trust Advice | 60 | ||
| 7/13 | 9,682 | ||
| Other | |||
| Fixtures and fittings | 202 | 270 | |
| Total resources expended | 97,031 | 81,913 | |
| Net expenditure | (2885) | (55,865) |