## GASP MOTOR PROJECT 

(A Company limited by guarantee) 

Report and Financial Statements for the year ended 31 August 2021 

Charity number: 1128635 Company number: 6830792 

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## CONTENTS 

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|REGIStEPEd OFFICE...<br>cecesceseesecscescssesscnseereeseeceteeesaessenuneettaceaeaessacsassecsasasenesiusueeseseseeseesaeteceaecseesessaneD|
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|Report ofthe Trustees for the 12 months ended 31 August|
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|Public Benefit Staternent.........cccccesccseteseseesetetsestsescetsssessssesssnssseeecsesensnecsesesseecarsenecssatsetegeensanenne|
|Fundraising reSponsibilitieS ....... cececesccsessssccseneessseasescsessussscsecsavsccacsversserseasssssnsetsatseseseesensaee7|
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|Financial RESuIts .......ccesccssescssessscescscecescersseeeeaeesseeacasecsecsssesesscsessssaseesausuessausassusseecaeeetateatarseesaneD|
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|Statement of responsibilities ofthe Trustees / dIreCtors oo... ccceecesescssessesscsessseeesseeesereeesaeeD|
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|Independent examiner's report to the trustees ofGasp Motor|
|Project (‘the Company’) 0.0.0.0...cccccsecsesetcsseecssteeeeeeeene EL|
|Statement of Financial Activities00.000.<br>eeseeteeeseeee 12|
|Balance Sheet as at 31 August 2021 00...<br>ceeeererereee 13|
|Notes to the financial statements forthe year to 31 August|
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## Legal and administrative information 

## Status 

Incorporated in the United Kingdom as a company limited by guarantee on 26 February 2009, it was registered as a charity on 18 March 2009 and is regulated by the Charities Commission in England and Wales. It was established under a Memorandum of Association and is governed under its Articles of Association. All Trustees give their time voluntarily and receive no benefits from the charity. New Trustees are appointed after an interview process. Any expenses reclaimed from the charity are set out in note 7 to the financial statements. 

## Trustees 

The Trustees of the charity, who were also directors of the company, during the period, were as follows: 

Mir lan Watson, Chairman 

Mr John Chaplin 

Mr David Davis DL 

Mr lan Digman Mr Richard Draisey Hon Treasurer & Company Secretary 

Mr Stephen Drury 

Mr Adam Duce Mrs Margaret Jack Mr Robert Pickles Mr Bruce Smith Mr Richard Wheeler (Retired April 2021) 

Registered Office GASP Motor Project, The Sand Pit, Shere Road, Albury, Guildford, GU5 9BW 

## Bankers 

CAF Bank Ltd, West Malling, Kent, ME19 4JQ 

## Management 

Overall management rests with the Trustees, who are also directors of the cornpany. Day-to-day management is delegated to the Chief Executive. This role is held by Mrs Alexandra Thompson. 

## Te 

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## Report of the Trustees for the 12 months ended 31 August 2021 

The Trustees present their report and the financial statements for the year encled 31 August 2021. Reference and administrative information are set out on pages 1 to 3. The financial statements comply with statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and reporting by Charities: SORP applicable to charities preparing their financial statements under FRS102. 

The Board would particularly like to thank Richard Wheeler who has served as a trustee since October 2010 and has been instrumental in the growth and development of the charity. He retired in April 2021. Additionally, the Trustees wish to thank Barrie Birchmore, who retired as Workshop Manager in February 2021. Barrie started with GASP as a volunteer, becoming the workshop manager in 2014. 

During 2021, the charity continued to be significantly impacted by Covid-19 and took steps to protect its viability going forward into the 2021 / 2022 academic year. 

## Aims and Activities 

The company is a charity which exists to advance in life and help vulnerable, underachieving young people up to the age of 25 and resident in Surrey and neighbouring counties by means of: (a) an alternative learning facility; and (b) a recreational and leisure-time activity. Using basic motor mechanics and practical engineering, it runs customised programmes that re-engage them and assist them to acquire accredited learning outcomes and social skills that will help to enable them to achieve their full potential in life and participate in society as mature and responsible individuals. There is a rigorous Safeguarding Policy in place and all staff and volunteers have Child Protection and Prevent training. 

The Trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. GASP reports to funders on key activities and lists the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the Trustees ensure that the charity's aims, objectives and activities remained focused on its stated purposes. 

The charity works to benefit different categories of young people: 

e Daytime sessions — these are run by qualified engineers and experienced mechanics in the purpose-built GASP workshop, and are attended by young 

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people from across Surrey and its neighbouring counties who may be disadvantaged, marginalised and under-achieving. They include students who respond best to vocational learning outside of the classroom; those who are vulnerable and have special educational needs; those at risk of exclusion from school; or those who are the subject of juvenile court orders and enrolled in an alternative learning programme. The GASP workshop provides them with a facility where they can be introduced to the basics of engineering and motor mechanics in a supervised, safe environment, working with suitable role models as session leaders. In many cases the students gain AQA accreditations. 

- e Mobile sessions — delivered either during the day-time (with a programme that mirrors that of the Daytime sessions) or as out of school diversionary sessions, often in areas of multi-deprivation, our Mobile units enable the training provided by the charity to be delivered in locations other than the GASP workshop. 

- e Industry-Linked programme ~— developed with schools and businesses, the Industry-Linkecd programme gives students the opportunity to acquire the skills that will help their progression into employment and get experience of the world of work at first hand, through GASP. The Trustees wish to thank Stanhope-Sita and the Woking Community Garage for their continued support of this programme and the positive engagement with our young people. 

- e Engineering Youth Club sessions — these are provided for young people as an out of school activity, where they have the opportunity to learn more advanced engineering and motor mechanics principles, gain a meaningful accreditation which will add value to their CVs, learn of the responsibility that goes with vehicle ownership, be introduced to off-road driving, and learn the benefits of teamwork. Most attendees are in mainstream education and many go on to study engineering at college or university or gain training apprenticeships and work placements partly because of what they learn at GASP. 

## Summary of Achievements and Impact of Covid-19) 

Like so many charities and organisations, GASP continued to be significantly impacted by the Covid-19 pandemic and periods of lockdown. Thanks to the support of our funders, we had been able to postpone many courses from summer 2020, to the academic year 2020/21. Whilst delivery exceeded expectations in the autumn term, the return to lockdown in January 2021 forced GASP to close once again. 

Upon the rollout of the vaccination programme, GASP was able to restart sessions in March 2021 bringing back the most vulnerable of our young people first. By the summer term we hada full timetable. Despite being closed for the spring term, and 

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the disruption caused by additional periods of isolation for schoal groups, over 160 young people attended GASP courses with lengths varying from 6 weeks to the academic year (two terms in reality). 

Thanks to funding from the Community Foundation for Surrey, we were able to implement the extended the number of activities available, through the purchase of new equipment and teaching apparatus, including laptops and 3D printers, and increased the number of AQA certificates offered to all those who attend our courses, 

In response to the challenges reported above, GASP has successfully piloted our refined courses. Building on the curriculum review completed during the first period of lockdown, we worked with our young people and referring organisations to review and improve our syllabus, this included increasing some courses from 10-12 weeks to the full academic year and inviting mixed cohort groups. Although initially a pilot programme, the mixed groups have proved exceptionally popular, with young people thriving away from potentially negative peer influence and having the opportunity to demonstrate their strengths and build positive relationships. 

In addition, we have extended our work with the Police and Youth Justice Teams and have a number of young people on referral orders attending, with fantastic outcomes. This included summer courses for those receiving Free School Meals and a diversionary course in the evenings for young offenders at Woking Police Station. 

GASP was delighted to partner with Big Leaf Foundation, supporting 12 displaced young people through a partnership summmer school of ESOL and motor mechanics. It was a fantastic success, and we very much look forward to warking with them again this academic year. 

Sadly, our evening Engineering Youth Clubs were also suspended during the periad of lockdown. However, we were delighted to welcome our young people back to the workshop and remain extremely grateful to our volunteers Rob Cooke, James Martin, Alex Pettit and Bruce Shaw, for their ongoing support and engagement with GASP. 

In total GASP delivered over 250 teaching sessions which equates to over 750 teaching hours. In addition, over 80% of our students achieved one AQA, with at least 20% achieving two or more — an exceptional outcome for such a fragmented year. 

During this period, the GASP Trustees and CEO have extensively considered and 

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Demand for GASP courses has increased significantly and the Board have outlined how the charity is to respond to increased needs of Surrey’s vulnerable young people. This Board has approved a marketing and fundraising strategy, as well as outline plans to increase operational delivery and geographical expansion. Along with this, there is a recognition of the need for investment in staff, equipment and content. 

## Public Benefit Statement 

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set. 

The primary purpose of GASP is to provide an alternative practical learning facility that predominantly helps 14 to 19-year olds — most of whom are disaffected, disadvantaged and under-achieving — to achieve and contribute more than anyone thought possible through positive personal development. We teach basic motor mechanics and practical engineering skills with a holistic approach, empowering these vulnerable young people to take positive action and laying the foundations for further vocational training and realistic employment opportunities. It is a local initiative that reaches out to young people countywide. By helping to tackle antisocial and offending behaviour, GASP contributes considerable public benefit to local communities across Surrey, in accordance with the Charity Commission Guidelines on the provision of public benefit. 

## Fundraising responsibilities 

In September 2020 GASP employed our first professional fundraiser, thanks to funding from No Fear Bridge. During the period under review GASP developed a fundraising strategy which clearly reflects the charity's values and challenges the proportion of income received from referring organisations, and grants and foundations. The strategy also considers the changing fundraising landscape and the financial risks we may face as a result. Although only a small charity, this strategy reflects the fundraising rules under the Charities Act 2016 and the Code of Fundraising Practice. The charity has now budgeted a fundraiser as a permanent support cost in recognition of the need to invest to achieve our strategic objectives. 

## Reserves 

The Trustees wish to build up Unrestricted Reserves to a level to cope with financial contingencies. Our target for Net Free Reserves (i.e. Unrestricted Reserves after as ss ri ee eetSeeedRaa— 

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the net book value of Fixed Assets rernoved) has previously been based on the requirement to provide one term’s continuing support to young people. However, with the change in course lengths and longer-term commitments, the Trustees have agreed this figure should reflect six months costs, to ensure GASP is able to fulfil our obligation to our yourig people and their referring organisations, whilst putting in place alternative arrangements to support them, if we are suddenly faced with a permanent reduction in our funding or other financial challenge. In financial terms, for the 21/22 budget year, this equates to approximately £125,000. 

At £137,858 our Net Free Reserves are slightly higher than our policy statement, however following a restatement of the prior year’s financial statements (See Note 2 to the financial statements) this now also includes £15,841 of unrestricted grants received which are included within these reserves. The Trustees will continue to review the level of reserves to ensure the target figure continues to reflect the associated funds required to put in place alternative arrangements for our students should this be needed. 

## Financial Results 

The attached financial statements show that the charity recorded a surplus of | £21,099. This figure reflects the challenge of being closed for the second term of the academic year including the need to defer Charitable activities to 2021 / 2022. 

Donations and grants received in the year amounted to £113,466. Further details are shown in the notes to the financial staternents. The Trustees wish to record their thanks to all donors for their support. We expect demand for the charity’s activities to continue to grow; resulting in more sessions being provided to more young people, with a resulting increase in operating costs. We have slightly increased the proportion of income generated by charitable activities; however, it is anticipated that the organisation will continue to need to raise funds through fundraising to cover the remaining significant proportion of support costs. 

None of the Trustees received any remuneration from the charity. 

## Investment policy 

The Trustees now invest any surplus cash in an instant access deposit account at the bank. Interest income for the period was £12. 

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## Risk review 

The Trustees have conducted their own review of the major risks, including health and safety and safeguarding, to which the charity is exposed, and systems have been established to mitigate those risks. This includes assessing the specific risks arising from Covid-19. The charity’s governance arrangements surrounding risk and key applicable policies are reviewed regularly to ensure that they still meet the needs of the charity. The Board has allocated responsibility for health and safety and safeguarding to specific Board members to ensure relevance and compliance. checks are conducted for both workshop and mobile operations. 

## Statement of responsibilities of the Trustees / directors 

The Trustees (who are also directors of GASP for the purposes of company law) are responsible for preparing the charity's arinual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to: 

- Select suitable accounting policies and then apply them consistently 

- Observe the methods and principles in the Charities SORP 

- - Make judgements and estimates that are reasonable and prudent - State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

In so far as the Trustees are aware: 

- There is no relevant information of which the charity's independent examiner is unaware 


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- The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information. 

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

## Basis of preparation 

This report and the financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The Trustees have not required the financial statements to be audited. 

Approved by the Board of Trustees of the charity on 9" March 2022 and signed on its behalf 

by 

lan Watson, Chair of Trustees. 

## i 

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## Independent examiner's report to the trustees of Gasp Motor Project (‘the Company’) 

| report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 20271. 

## Responsibilities and basis of report 

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## Independent examiner’s statement 

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that: 

- e accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 

- e the accounts do not accord with those records; or 

- e the accounts do not comply with the relevant 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 

- e the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accardance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

| have no concerns 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 accounts to be reached. 

## Signed: 

Name: David Wilson FCMA 

Address: Pincott Cottage, Pincotts Lane, West Horsley, Surrey KT24 6JH Date: 9 March 2022 

## Sene CRRST 

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, 

GASP MOTOR PROJECT (Company Number 6830792) 

## Statement of Financial Activities 

## For the year ended 31 August 2021 

||Notes|Unrestricted|Restricted|Total2021|Total 2020|
|---|---|---|---|---|---|
||||||(Restated)|
|||£|£|£|£|
|Income and endowments from:||||||
|Donations and legacies|3|47,629|65,837|113,466|109,696|
|Charitable activities|4|38,625|49,146|87,771|85,151|
|Other trading activities||-|-|.|-|
|Other|5|5,757|-|5,757|8,260|
|TOTAL||92,011|114,983|206,994|203,107|
|Expenditure on:||||||
|Employment Costs|6|75,424|58,830|134,254|111,234|
|Other Running Costs|6|19,848|31,793|51,641|42,863|
|TOTAL||95,272|90,623|185,895|154,097|
|NET INCOME/(EXPENDITURE)||(3,261)|24,360|21,099|49,010|
|Transfer between Funds||s|-|-|-|
|NETMOVEMENT IN FUNDS||(3,261)|24,360|21,099|49,010|
|TOTAL FUNDS AT 31 AUGUST||||||
|2020|14|159,596|28,701|188,297|139,287|
|TOTAL FUNDS AT 31 AUGUST||||||
|2021|14|156,335|53,061|209,396|188,297|



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GASP MOTOR PROJECT (Company Number 6830792) 

## Balance Sheet as at 31 August 2021 


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2021 2020 (Restated)<br>Notes £ £ £ £<br>FIXED ASSETS<br>Tangible Assets 10 18,476 23,463<br>CURRENT ASSETS<br>Debtors & prepaid expenses 11 7,363 2,945<br>Cash at Bank and in hand 255,097 221,949<br>CREDITORS<br>Deferred Income 12 (64,452) (57,989)<br>Accrued Expenses (7,088) (2,071)<br>NET CURRENT ASSETS 190,920 164,834<br>NET ae OO<br>ASSETS __ 209,396 __ _188,297<br>FUNDS<br>Unrestricted funds 156,335 159,596<br>Restricted funds 14 ____ 209,39653,061 _ _188,297_28,701<br>**----- End of picture text -----**<br>


For the year ended 31 August 2021, the Charity was entitled to exemption from audit under sectian 477 of the Companies Act 2006 relating to small companies. 

## Directors’ responsibilities: 

The Trustees have not required the charity to obtain an audit of its financial statements for the period in question in accordance with section 476: 

- e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements; 

- e These financial statements have been prepared in accordance with the provisions applicable to cornpanies subject to the small companies regime and the Statement of Recommended Practice for registered charities. 

Approved by the Directors on 9*° March 2022 and signed on their behalf by 

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lan Watson — Chair of Trustee 

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GASP MOTOR PROJECT (Company Number 6830792) Notes to the Financial Statements for the Year ending 31/8/2021 

## Notes to the financial statements for the year to 31 August 2021 

## 1. Accounting Policies 

General - These financial statements have been prepared under the historic cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities SORP (FRS1Q2) effective 1st January 2019, the Comipanies Act 2006, and the Charities Act 2011, as applicable for smaller entities. 

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 operatianal existence for the foreseeable future. 

Charitable Funds - Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose, or with a specified purpose but not repayable if not used in full and are therefore available as general funds. Restricted funds are to be used for specific purposes as laid down by the donor or grant provider or refunded if not so used. Expenditure which meets these criteria is charged to the respective fund, together with a fair allocation of management and support costs. 

Income - Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants are recognised in full in the Staternent of Financial Activities in the period in which they are receivable, unless they ara time related or contain unfulfilled conditions in which case unutilised grants are carried forward in the Balance Sheet. Volunteer time is not included in income, as per the Charities SORP. Fixed Assets - Fixed assets are stated at cost and depreciation is provided at rates calculated to write off each asset over its expected useful life as follows: 

- Workshop equipment.and motor vehicles are depreciated over a four year period and buildings over a 10 year period. 

- Assets purchased in the year costing in excess of £500 are included in the balance sheet - All other assets are written off in the year of purchase. 

Donated Assets - Donated assets are included in income at fair value and are capitalized if the value is greater than £500. 

Governance Costs - These include any Trustee expenses and any Independent Examiner's Fee. 

Operating Commitments - The Charity operates from the Sandpit and pays rental for this usage. 

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GASP MOTOR PROJECT (Company Number 6830792) Notes to the Financial Statements for the Year ending 31/8/2021 

## 2. Restatement of Prior Years 

Following a review, we have decided to change the implementation of our accounting policies, resulting inthe need to restate the financial statements for the year ending 31st August 2020. 

1) Grant income that had been deferred is now recognised in the year of receipt unless they are time related or contain unfulfilled conditions. 

2) Grants for capital purchases are now recognised as income into a Restricted Fund. The amount is transferred to Unrestricted Funds on acquisition of the asset unless there is a specific restriction preventing this. 

3) Some income previously classified as Unrestricted has now been classified as Restricted. Expenses charged to these funds have also been reclassified. 

4) Opening balances for 1st September 2019 have been calculated to allow for the above. 

The main effects of the restatement have been to move some Unrestricted Iacome to Restricted Income, and to increase overall reserves because of the reduction in Deferred Income. Tables comparing the Restated and Originally published SOFA and Balance sheet for 2020 are shown kelow. 

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GASP MOTOR PROJECT (Company Number 6830792) Notes to the Financial Statements for the Year ending 31/8/2021 

## 3. Donations and Legacies 

Donations and Legacies income includes grants received for the general activities of the charity, as opposed to specific courses. The trustees ane extremely grateful to all of those who have provided support. The charities and other organisations which supported us in the period are listed below 


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Charles Russell Spechlys Community Fund (CFS) Coleman Trust Z = 7<br>DonorsviaLlocalGiving __|GarfieldWeston ; _<br>Hilden Charitable Trust __{iChaplinEsq. _<br>NoFear Bridge _ ____| The Albert Hunt Trust __ _<br>|The Borrows Trust —__ —— ____| The Community Foundation for Surrey<br>| The Masonic Charitable Foundation ____| The Mrs Smith and Mount Trust __ _<br>The Office of the Police and Crime The Peter Harrison Foundation<br>Commissioner a<br>The Wates Foundation<br>4, Charitable Activities<br>Charitable Activity income represents sums received from schools for specific courses and sums<br>received from grants with performance conditions. The trustees are extremely grateful to all of<br>those who have provided support. The charities and other organisations which supported us in the<br>period are listed below<br>AG Manly Charitable Trust | __ EXON Esso.” __ : __<br>|_Geoff Herrington Foundation_ ___| DameSarahGoad<br>High Sheriff Youth Awards __ NoFear Bridge_ _ a<br>_Speedomick __ _ __| The Betty Risely Trust _ _<br>|The KFC Foundation _ __ UNUM __<br>| Sally Varah _ ___| WaltonCharity : _<br>Woking Borough Council _ ; _ _<br>**----- End of picture text -----**<br>


## 5. Other Income 

Other income represents miscellaneous sums received including bank interest of £12 (£175 in 2020) and income from the disposal of workshop materials no longer in use. 

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GASP MOTOR PROJECT (Company Number 6830792) Notes to the Financial Statements for the Year ending 31/8/2021 

## 6. Costs 

Overhead, Support and Delivery Costs were incurred as follows. 

|Overhead, Support andand Delivery Costs wereCosts werewere|incurred as follows.||
|---|---|---|
|||2020|
||2021|(Restated)|
||£|£|
|Employment Costs|134,254|111,234|
|Other Running Costs|||
|Rent and premises costs|12,418|13,922|
|Insurances|4,824|4,321|
|Consumables|3,748|2,734|
|Marketing|468|332|
|Vehicle maintenance and fued|1,951|2,145|
|Depreciation|4,987|5,986|
|Other costs|23,245|13,423|
|Total other running costs|51,641|42,863|
|Totalresourcesexpended|185,895|154,097|



## 7. Trustees 

None of the Trustees {or any persons connected with them) received any remuneration or benefits from the charity during the year and there were no expenses reimbursed. There were no related party transactions except as shewn in Note 16. 

## 8. Employees 

The average monthly number of employees during the year was 

||2021|2020|
|---|---|---|
||Number|Number|
|Operational|5|5|
|Admin & Management|4|3|
|Total|9|8|



No employee received more than £60, 000 in salary and benefits during the year. 

## 9. Future commitments 

There is no contingent or committed expenditure (2020 Nil). 

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GASP MOTOR PROJECT (Company Number 6830792) Notes to the Financial Statements for the Year ending 31/8/2021 

## 10. Tangible Fixed Assets 

||Buildings|Workshop|Workshop|Total|
|---|---|---|---|---|
|||Equipment _ vehicles|||
||£|€|£|£|
|Cost|||||
|Balance 31 August 2020|11,708|7,550|38,403|57,661|
|Additions|0|0|0|0|
|Balance 31 August 2021|11,708|7,550|38,403|57,661|
|Depreciation|||||
|Balance 31 August 2020|2,829|7,152|24,217|34,198|
|Charge forthe year|1,171|254|3,562|4,987|
|Balance 31 August 2021|4,000|7,406|27,779|39,185|
|Net bookvalue 31 August 2021|7,708|144|10,624|18,476|
|Net bookvalue 31 August 2020|8,879|398|14,186|23,463|
||Buildings|Workshop|Workshop|Total|
|||Equipment _ vehicles|||
||£|£|£|£|
|Cost|||||
|Balance 31 August 2019|11,708|7,550|20,595|39,853|
|Additions|0|0|17,808|17,808|
|Balance 31 August 2020|11,708|7,550|38,403|57,661|
|Depreciation|||||
|Balance 31 August 2019|1,659|6,607|19,947|28,213|
|Charge forthe year|1,170|545|4,270|5,985|
|Balance 31 August 2020|2,829|7,152|24,217|34,198|
|Net bookvalue 31 August 2020|8,879|398|14,186|23,463|
|Net boakvalue 31 August 2019|10,049|943|648|11,640|
|2019and2020Figuresarerestated|||||



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## GASP MOTOR PROJECT (Company Number 6830792) Notes to the Financial Statements for the Year ending 31/8/2021 

## 11. Debtors 

|11.|Debtors|||
|---|---|---|---|
||||2020|
|||2021|(Restated)|
||Amounts fallingduewithin oneyear:|£|£|
||School Debtors|5,100|0|
||Prepaid Expenses|2,263|2,945|
|12.|Creditors|||
||||2020|
|||2021|(Restated)|
||Amounts fallingdue within one year:|£|£|
||Deferred Income - Restricted grants (see Note 13)|(63,627)|(56,338)|
||Deferred Income - Others|(825)|(1,651)|
||OtherCreditors|(7,088)|(2,071)|



## 13. Operating Grants 

The charitable activities of the charity include the following restricted income, some of which has been deferred. The Trustees cansider that it is not appropriate to show individual amounts by donor because this may be disclosing publicly sensitive information. 

## Total Operating Grants 

|Deferred|Income|Less|Less|Net|
|---|---|---|---|---|
|Income at|Received|Deferred|Transfers|Income|
|1/9/20|in the|Income|Out|taken in|
||Year|at||the Year|
|||31/8/21|||
|£|£|£|£|£|
|56,338|61,272|63,627|4,837|49,146|



During the year, £4, 837 from the Community Foundation of Surrey was transferred to Unrestricted Funds with the agreement of the donor. 

The Trustees consider that Operational grants for specific courses are performance-related grants and should have income deferred in proportion to the number of courses undelivered at year end. These courses are similar in nature to those provided to schools which can be deferred as unrestricted income. If this Restricted Income had not been deferred then: 

i} Restricted deferred income would be zero; 

ii) Restricted income for 2021 would have been higher by £7,289 (2020 lower by £6,891); iii) Restricted Closing Reserves for 2021 would have been higher by £63,627 (Restricted Closing Reserves for 2020 higher by £56,338). 


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## GASP MOTOR PROJECT (Company Number 6830792) Notes to the Financial Statements for the Year ending 31/8/2021 

## 14. Movement in Restricted Funds 

The trustees consider that it is not appropriate to show individual amounts by donor because this may be disclosing publicly sensitive information. 

## Movement in Funds 

|||Balance at|Incoming|Less|Less|Balance at|
|---|---|---|---|---|---|---|
|||1/9/20|Resources|Resources|Transfers|31/8/21|
|||||Expended|Out||
|||£|£|£|£|£|
|Donations|and Legacies|28,701|65,837|41,477||53,061|
|Operating|Grants (see Note 13)||49,146|49,146|||
|Total||28,701|114,983|90,623|-|53,061|



## 15. Taxation 

The company is exempt from Corporation Tax on its charitable activities. 

## 16. Related party transactions 

## During the period the following related party transactions occurred. 

Mrs Margaret Jack (Trustee of grant giving trust) - Betty Riseley Trust gave £7,200 to the charity as a performance related grant, 

7s nit tc 

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## ——: 

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