## **MIGHTY MEN OF VALOUR (MMOV)**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023**
Registered Address: 14 Willis Road, Croydon, CR0 2XX.
## **Mighty Men of Valour is a registered Charity**
REGISTERED CHARITY NO: 1128154 REGISTERED COMPANY NO: 05515628
## **Mighty Men of Valour Charitable Objectives:**
- To relieve the needs of men with a view to improving their conditions of life.
• To advance education and relieve need and unemployment of men, women, and young people by providing support, education and training.
- To preserve and protect public health.
• To advance the mental and moral development and improvement of boys, young men, exoffenders, those affected by drugs or those experiencing economic or social disadvantage.
• To advance in life and relieve needs of young people, through providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
• To promote equality and diversity and good relations between persons of different racial groups in society, so that the beneficiaries are able to realise their full potential, help meet their needs and to participate more fully in society.
Mighty Men of Valour (MMOV) was established in 2002 and became a registered Charity on 19th February 2009 - Charity Number: 1128154
This year has been very good, and we are slowly starting to regain and develop the great work that we have started.
## **Mentoring Support**
We have continued to pilot our Peer Mentoring Courses in a few schools, and we hope to extend these courses to more schools in London.
We have extended our Mentoring and Care Support to include young women, Children with Disabilities (CWD) and Adults providing Respite to families. We plan that **Valour Youth and Adult Services CIC** will start to take on some of these areas of work in schools and with children and MMOV will take on direct work with young men and males.
## **All Ages Family Safety Challenge Final**
Due to Covid19 the All-Ages Family Safety Challenge Final has come to an end which is a shame.
## **Dads & Fathers**
Our Dads breakfasts have not started yet because of school closure. Our last event in 2019 we had over 70 dads attend the sessions. We hope that once schools start to return to some form of normality, we hope to recommence this programme. We hope to restart this programme again.
## **Impact Days with London Fire Brigade**
We have contacted Croydon Council to try to reinstate the Impact Days with the London Fire Brigade. However, after several attempts, we have been told that this project has come to an end, and although they have similar projects in place, they now work independently of each other. Sadly, this programme will be missed by one and all.
## **Valour Youth and Wonderful Women of Valour (WWOV) projects:**
Our aim for 2022-2023 is to develop and expand our current programmes, which seem to have a real impact on the lives of the children and parents that we work with.
## **Prison Ministry**
Again, due to the pandemic, all work with the YOS & Probation Service has ended. We are considering direct work with the prison service, but this has not developed yet.
## **Hackney and City of London Council & Croydon Council**
We continue to work closely with Hackney and City of London Council & Croydon Council and continue to deliver vital support to vulnerable children in these boroughs. We would like to thank Hackney and the City of London Council & Croydon Council for giving us the opportunity to support these children, families and professionals in this borough, and we hope to be able to deliver more support throughout 2022/2023.
## **Registration with the Care Quantity Commission CQC**
We hope to register with the Care Quantity Commission CQC by the end of 2023/24 and continue to provide support not only for children, young people with disabilities and care respite support, but we hope to expand our support to adults.
We would like to thank God, our Trustees/Directors, Staff, volunteers, the community, sponsors, contributors, and friends of MMOV for their continued support this year.
Thank you.
Frederick Clarke – CEO MMOV
Registered Company N umber: 05515628 Registered Charity Number:1128154
**MIGHTY MEN OF VALOUR A COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023**
BizNav Chartered Accountants
36 Scoots Road Bromley Kent BR1 3QD
## **Mighty Men Of Valour Directors' Report and Financial Statements For The Year Ended 31 July 2023**
## **Contents**
||**Page**|
|---|---|
|Company Information|1|
|Directors' Report|2|
|Reportof the Independent Examiner|3|
|Profit and Loss Account|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6—7|
|Schedule of Resources Expended|8|
**Mighty Men Of Valour Company Information For The Year Ended 31 July 2023**
|**Directors**|Mr Frederick Clarke|
|---|---|
||Mr Michael Forrest|
||Mr Lee Townsend|
||Mr Maxine Benjamin|
||Mr Anton Richards|
|**Company Number**|05515628|
|**Registered Office**|PO Box 1417|
||Cornerstone House|
||14 Willis Road, Croydon|
||CR0 2XX|
|**Accountants**|Biznav, Chartered Accountants|
||36 Scotts Road|
||Bromley|
||BR1 3QD|
|**Bankers**|Barclays|
||1 Churchill Place|
||London|
||E14 5HP|
Page 1
**Mighty Men Of Valour Company No. 05515628 Directors' Report For The Year Ended 31 July 2023**
The directors present their report and the financial statements for the year ended 31 July 2023.
## **Directors**
The directors who held office during the year were as follows:
Mr Frederick Clarke
Mr Michael Forrest
Mr Lee Townsend Mr Maxine Benjamin Mr Anton Richards
## **Statement of Directors' Responsibilities**
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Political and Charitable Donations**
Political and charitable donations were £1,830.00
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Frederick Clarke
Director
25/03/2024
Page 2
## **Mighty Men Of Valour Report of the Independent Examiner For The Year Ended 31 July 2023**
I report on the accounts of the Charity for the year ended 31 July 2023, which are set out on pages 5 to 9.
## **Respective responsibilities of directors and examiner**
1. The charity’s directors are responsible for the preparation of the accounts. The charity’s directors consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
2. Having satisfied myself that an audit is not required, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as directors concerning any such matters. The procedures undertaken do not provide allthe evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with accounting records and comply with the accounting requirements ofthe 2011 Act, and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities, have not been met; or
1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to bereached.
**Name** Shahzad Fayyaz
**Organisation** BizNav, Chartered Accountants
**Relevant professional qualification or body** Association of Chartered Certified Accountants **Address** 36 Scotts Road, Bromley, Kent, England, BR1 3QD **Date** 25 March 2024
Signed
BizNav Chartered Accountants
25/03/2024
Biznav, Chartered Accountants 36 Scotts Road Bromley BR1 3QD
Page 3
## **Mighty Men Of Valour Profit and Loss Account For The Year Ended 31 July 2023**
|**Notes**
**TURNOVER**
**GROSS PROFIT**
Administrative expenses
Other operating income
**OPERATING PROFIT/(LOSS)**
**3**
Other interest receivable and similar income
**PROFIT/(LOSS) FOR THE FINANCIAL YEAR**|**2023**
**£**
496,187
496,187
(443,108)
-
53,079
188
53,267|**2022**
**£**
292,483|
|---|---|---|
|||292,483
(310,030)
870|
|||(16,677)
19|
|||(16,658)|
The notes on pages 6 to 7 form part of these financial statements.
Page 4
## **Mighty Men Of Valour Balance Sheet As At 31 July 2023**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**5**
**CURRENT ASSETS**
Debtors
**6**
Cash at bank and in hand
**Creditors: Amounts Falling Due**
**Within One Year**
**7**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
Profit and Loss Account
**SHAREHOLDERS' FUNDS**|**2023**
**£**
**£**
231
231
75,464
72,617
148,081
(1,794)
146,287
146,518
146,518
146,518
146,518|**2023**
**£**
**£**
231
231
75,464
72,617
148,081
(1,794)
146,287
146,518
146,518
146,518
146,518|**2022**
**£**
**£**
647
647
72,477
57,618
130,095
(37,491)
92,604
93,251
93,251
93,251
93,251|**2022**
**£**
**£**
647
647
72,477
57,618
130,095
(37,491)
92,604
93,251
93,251
93,251
93,251|
|---|---|---|---|---|
|||231
146,287||647
92,604|
||148,081
(1,794)||130,095
(37,491)||
||||||
|||146,518||93,251|
|||146,518||93,251|
|||146,518||93,251|
|||146,518||93,251|
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Frederick Clarke Director
25/03/2024
The notes on pages 6 to 7 form part of these financial statements.
Page 5
## **Mighty Men Of Valour Notes to the Financial Statements For The Year Ended 31 July 2023**
## 1. **General Information**
Mighty Men Of Valour is a private company, limited by guarantee, incorporated in England & Wales, registered number 05515628 and registered charity number 1128154. The registered office is PO Box 1417, Cornerstone House, 14 Willis Road, Croydon, CR0 2XX.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
## 2.2. **Turnover**
Turnover shown in the surplus and deficit account represents amounts received which are wholly attributable to the company’s main activities during the year.
## 2.3. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
## Computer Equipment
## 33% Straight Line
## 2.4. **Taxation**
The company is a registered Charity and is not liable to taxation on non-trade income.
## 3. **Operating Profit/(loss)**
The operating profit/(loss) is stated after charging:
|he operating profit/(loss) is stated after charging:|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Bad debts|1,665|-|
|Depreciation of tangible fixed assets|416|291|
## 4. **Average Number of Employees**
Average number of employees, including directors, during the year were 87 (2022: 70)
## 5. **Tangible Assets**
|**Cost**
As at 1 August 2022
As at 31 July 2023
**Depreciation**
As at 1 August 2022
Provided during the period
As at 31 July 2023
**Net Book Value**
As at 31 July 2023
As at 1 August 2022|**Computer**
**Equipment**
**£**
6,062|
|---|---|
||6,062|
||5,415
416|
||5,831|
||231|
||647|
Page 6
## **Mighty Men Of Valour Notes to the Financial Statements (continued) For The Year Ended 31 July 2023**
## 6. **Debtors**
|6.
**Debtors**|||
|---|---|---|
|**Due within one year**
Trade debtors
Other debtors
Other taxes and social security
7.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Net wages
Other creditors
Accruals & deferred income
Pension payable|**2023**
**£**
57,344
17,385
735
75,464
**2023**
**£**
109
-
-
1,685
-
1,794|**2022**
**£**
46,105
22,000
4,372|
|||72,477|
|||**2022**
**£**
936
2,521
270
33,668
96|
|||37,491|
Page 7
**Mighty Men Of Valour Trading Profit and Loss Account For The Year Ended 31 July 2023**
|**TURNOVER**
Sales
**GROSS PROFIT**
**Administrative Expenses**
Wages and salaries
Employers NI
Employers pensions - defined contributions scheme
Staff training
Travel and subsistence expenses
Rent
Admin, Support Work & Mentoring Support
General Expenses
Computer and IT consumables
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telecommunications and data costs
Accountancy fees
Consultancy fees
Bank charges
Charitable donations
Bad debts written off
Depreciation of computer equipment
**Other Operating Income**
Other income - contributing to other operating income
**OPERATING PROFIT/(LOSS)**
**Other interest receivable and similar income**
Bank interest receivable
**PROFIT/(LOSS) FOR THE FINANCIAL YEAR**|**2023**
**£**
**£**
496,187
496,187
297,135
4,411
2,398
4,454
847
7,180
67,097
1,887
4,620
1,619
1,205
1,064
2,338
788
42,000
154
1,830
1,665
416
(443,108)
-
-
53,079
188
188
53,267|**2023**
**£**
**£**
496,187
496,187
297,135
4,411
2,398
4,454
847
7,180
67,097
1,887
4,620
1,619
1,205
1,064
2,338
788
42,000
154
1,830
1,665
416
(443,108)
-
-
53,079
188
188
53,267|**2022**
**£**
**£**
292,483
292,483
192,352
2,293
1,984
3,813
1,324
8,120
33,929
1,315
4,078
1,568
1,245
3,335
2,318
2,352
49,250
114
349
-
291
(310,030)
870
870
(16,677)
19
19
(16,658)|**2022**
**£**
**£**
292,483
292,483
192,352
2,293
1,984
3,813
1,324
8,120
33,929
1,315
4,078
1,568
1,245
3,335
2,318
2,352
49,250
114
349
-
291
(310,030)
870
870
(16,677)
19
19
(16,658)|
|---|---|---|---|---|
||-||870||
||188||19||
|||53,079
188||(16,677)
19|
||||||
|||53,267||(16,658)|
## **Signature:**
**Email:** bromley@biznavca.co.uk
## **Signature:**
**Email:** mightymenofvalour@live.co.uk
Page 8
Registered Company N umber: 05515628 Registered Charity Number:1128154
**MIGHTY MEN OF VALOUR A COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023**
BizNav Chartered Accountants
36 Scoots Road Bromley Kent BR1 3QD
## **Mighty Men Of Valour Directors' Report and Financial Statements For The Year Ended 31 July 2023**
## **Contents**
||**Page**|
|---|---|
|Company Information|1|
|Directors' Report|2|
|Reportof the Independent Examiner|3|
|Profit and Loss Account|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6—7|
|Schedule of Resources Expended|8|
**Mighty Men Of Valour Company Information For The Year Ended 31 July 2023**
|**Directors**|Mr Frederick Clarke|
|---|---|
||Mr Michael Forrest|
||Mr Lee Townsend|
||Mr Maxine Benjamin|
||Mr Anton Richards|
|**Company Number**|05515628|
|**Registered Office**|PO Box 1417|
||Cornerstone House|
||14 Willis Road, Croydon|
||CR0 2XX|
|**Accountants**|Biznav, Chartered Accountants|
||36 Scotts Road|
||Bromley|
||BR1 3QD|
|**Bankers**|Barclays|
||1 Churchill Place|
||London|
||E14 5HP|
Page 1
**Mighty Men Of Valour Company No. 05515628 Directors' Report For The Year Ended 31 July 2023**
The directors present their report and the financial statements for the year ended 31 July 2023.
## **Directors**
The directors who held office during the year were as follows:
Mr Frederick Clarke
Mr Michael Forrest
Mr Lee Townsend Mr Maxine Benjamin Mr Anton Richards
## **Statement of Directors' Responsibilities**
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Political and Charitable Donations**
Political and charitable donations were £1,830.00
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Frederick Clarke
Director
25/03/2024
Page 2
## **Mighty Men Of Valour Report of the Independent Examiner For The Year Ended 31 July 2023**
I report on the accounts of the Charity for the year ended 31 July 2023, which are set out on pages 5 to 9.
## **Respective responsibilities of directors and examiner**
1. The charity’s directors are responsible for the preparation of the accounts. The charity’s directors consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
2. Having satisfied myself that an audit is not required, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as directors concerning any such matters. The procedures undertaken do not provide allthe evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with accounting records and comply with the accounting requirements ofthe 2011 Act, and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities, have not been met; or
1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to bereached.
**Name** Shahzad Fayyaz
**Organisation** BizNav, Chartered Accountants
**Relevant professional qualification or body** Association of Chartered Certified Accountants **Address** 36 Scotts Road, Bromley, Kent, England, BR1 3QD **Date** 25 March 2024
Signed
BizNav Chartered Accountants
25/03/2024
Biznav, Chartered Accountants 36 Scotts Road Bromley BR1 3QD
Page 3
## **Mighty Men Of Valour Profit and Loss Account For The Year Ended 31 July 2023**
|**Notes**
**TURNOVER**
**GROSS PROFIT**
Administrative expenses
Other operating income
**OPERATING PROFIT/(LOSS)**
**3**
Other interest receivable and similar income
**PROFIT/(LOSS) FOR THE FINANCIAL YEAR**|**2023**
**£**
496,187
496,187
(443,108)
-
53,079
188
53,267|**2022**
**£**
292,483|
|---|---|---|
|||292,483
(310,030)
870|
|||(16,677)
19|
|||(16,658)|
The notes on pages 6 to 7 form part of these financial statements.
Page 4
## **Mighty Men Of Valour Balance Sheet As At 31 July 2023**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**5**
**CURRENT ASSETS**
Debtors
**6**
Cash at bank and in hand
**Creditors: Amounts Falling Due**
**Within One Year**
**7**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
Profit and Loss Account
**SHAREHOLDERS' FUNDS**|**2023**
**£**
**£**
231
231
75,464
72,617
148,081
(1,794)
146,287
146,518
146,518
146,518
146,518|**2023**
**£**
**£**
231
231
75,464
72,617
148,081
(1,794)
146,287
146,518
146,518
146,518
146,518|**2022**
**£**
**£**
647
647
72,477
57,618
130,095
(37,491)
92,604
93,251
93,251
93,251
93,251|**2022**
**£**
**£**
647
647
72,477
57,618
130,095
(37,491)
92,604
93,251
93,251
93,251
93,251|
|---|---|---|---|---|
|||231
146,287||647
92,604|
||148,081
(1,794)||130,095
(37,491)||
||||||
|||146,518||93,251|
|||146,518||93,251|
|||146,518||93,251|
|||146,518||93,251|
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Frederick Clarke Director
25/03/2024
The notes on pages 6 to 7 form part of these financial statements.
Page 5
## **Mighty Men Of Valour Notes to the Financial Statements For The Year Ended 31 July 2023**
## 1. **General Information**
Mighty Men Of Valour is a private company, limited by guarantee, incorporated in England & Wales, registered number 05515628 and registered charity number 1128154. The registered office is PO Box 1417, Cornerstone House, 14 Willis Road, Croydon, CR0 2XX.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
## 2.2. **Turnover**
Turnover shown in the surplus and deficit account represents amounts received which are wholly attributable to the company’s main activities during the year.
## 2.3. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
## Computer Equipment
## 33% Straight Line
## 2.4. **Taxation**
The company is a registered Charity and is not liable to taxation on non-trade income.
## 3. **Operating Profit/(loss)**
The operating profit/(loss) is stated after charging:
|he operating profit/(loss) is stated after charging:|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Bad debts|1,665|-|
|Depreciation of tangible fixed assets|416|291|
## 4. **Average Number of Employees**
Average number of employees, including directors, during the year were 87 (2022: 70)
## 5. **Tangible Assets**
|**Cost**
As at 1 August 2022
As at 31 July 2023
**Depreciation**
As at 1 August 2022
Provided during the period
As at 31 July 2023
**Net Book Value**
As at 31 July 2023
As at 1 August 2022|**Computer**
**Equipment**
**£**
6,062|
|---|---|
||6,062|
||5,415
416|
||5,831|
||231|
||647|
Page 6
## **Mighty Men Of Valour Notes to the Financial Statements (continued) For The Year Ended 31 July 2023**
## 6. **Debtors**
|6.
**Debtors**|||
|---|---|---|
|**Due within one year**
Trade debtors
Other debtors
Other taxes and social security
7.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Net wages
Other creditors
Accruals & deferred income
Pension payable|**2023**
**£**
57,344
17,385
735
75,464
**2023**
**£**
109
-
-
1,685
-
1,794|**2022**
**£**
46,105
22,000
4,372|
|||72,477|
|||**2022**
**£**
936
2,521
270
33,668
96|
|||37,491|
Page 7
**Mighty Men Of Valour Trading Profit and Loss Account For The Year Ended 31 July 2023**
|**TURNOVER**
Sales
**GROSS PROFIT**
**Administrative Expenses**
Wages and salaries
Employers NI
Employers pensions - defined contributions scheme
Staff training
Travel and subsistence expenses
Rent
Admin, Support Work & Mentoring Support
General Expenses
Computer and IT consumables
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telecommunications and data costs
Accountancy fees
Consultancy fees
Bank charges
Charitable donations
Bad debts written off
Depreciation of computer equipment
**Other Operating Income**
Other income - contributing to other operating income
**OPERATING PROFIT/(LOSS)**
**Other interest receivable and similar income**
Bank interest receivable
**PROFIT/(LOSS) FOR THE FINANCIAL YEAR**|**2023**
**£**
**£**
496,187
496,187
297,135
4,411
2,398
4,454
847
7,180
67,097
1,887
4,620
1,619
1,205
1,064
2,338
788
42,000
154
1,830
1,665
416
(443,108)
-
-
53,079
188
188
53,267|**2023**
**£**
**£**
496,187
496,187
297,135
4,411
2,398
4,454
847
7,180
67,097
1,887
4,620
1,619
1,205
1,064
2,338
788
42,000
154
1,830
1,665
416
(443,108)
-
-
53,079
188
188
53,267|**2022**
**£**
**£**
292,483
292,483
192,352
2,293
1,984
3,813
1,324
8,120
33,929
1,315
4,078
1,568
1,245
3,335
2,318
2,352
49,250
114
349
-
291
(310,030)
870
870
(16,677)
19
19
(16,658)|**2022**
**£**
**£**
292,483
292,483
192,352
2,293
1,984
3,813
1,324
8,120
33,929
1,315
4,078
1,568
1,245
3,335
2,318
2,352
49,250
114
349
-
291
(310,030)
870
870
(16,677)
19
19
(16,658)|
|---|---|---|---|---|
||-||870||
||188||19||
|||53,079
188||(16,677)
19|
||||||
|||53,267||(16,658)|
## **Signature:**
**Email:** bromley@biznavca.co.uk
## **Signature:**
**Email:** mightymenofvalour@live.co.uk
Page 8