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2023-03-31-accounts

Code 7 Limited

REGISTERED COMPANY NUMBER: 05362713 (England and Wales) REGISTERED CHARITY NUMBER: 1138411

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023 for

Code 7 Limited

Code 7 Limited

Contents of the Financial Statements for the Year Ended 31 March 2023

Page
Report of the Trustees 3-9
Independent Examiner'sReport 10
StatementofFinancialActivities 11
BalanceSheet 12
Notes to theFinancialStatements 14-16
Detailed StatementofFinancialActivities 17

Code 7 Limited

Report of the Trustees For the Year Ended 31 March 2023

The Trustees present the report and financial statements of Code 7 for the year ended 31 March 2023.

Legal and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, including the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2019).

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05362713 (England and Wales)

Registered Charity number 1138411

Registered office 11 Ashmere House London Acre Lane London SW2 5UQ

Trustees

S Lisbie (Chair) F Aniatu Kallay (Secretary) A McGregor (Treasurer)

Business Consultant Lee A Law CEO A Senator Director N Cayenne Independent examiner Abraham and Associates Ebenezer House 41 Clarence Street Southend-On-Sea England SS1 1BH Bankers Lloyds TSB Bank Plc Head Office 25 Gresham Street London EC2V 7HN

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 14 February 2005 and registered as a charity on 14 October 2010. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.

3

Code 7 Limited

Recruitment and Appointment of Management Committee

The directors of the company are also charity trustees for the purposes of charity law and under the company’s articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they must be reelected at the next Annual General Meeting.

New Appointed board members Nyal Cayenne is a newly appointed director (April 2018) and is the youngest member of the board at 21. A former service user at Code 7, he is studying at college and works as a self-employed businessman. Lee-Ann Law Lee-Ann is a business consultant and works in high level businesses and companies. She has intense experience of operating businesses, especially in terms of project management and transfers her exceptional skills to ensure Code 7’s governance is regulated, monitored and evaluated thoroughly.

All members of the Management Committee give their time voluntarily and receive no benefits from the charity. Any expenses re-claimed from the charity are set out in the expenses note in the accounts.

Mr Stuart Lisbie , Miss Anne McGregor , Miss Fatmata Aniatu Kallay, Mr Nyal Cayenne , and Mrs Lee - Ann Law retire by rotation and, being eligible, offer themselves for re-election.

Due to the nature of mediation, the charity’s work inevitably focuses on young people. The Management Committee seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential of the pool of trustees, the charity has, through selective advertising via word of mouth with young people, sought to identify the young people who show good potential and interest in becoming a future board member.

Mr Joel Demming who was a previous member of the board and Mr Nyal Cayenne are prime examples, emerging from engaging as young men on workshops, then as trainees and finally becoming board members.

The more traditional business, financial and health skills are well represented on the board. To ensure that we maintain a wide range of skills, members of the board are requested to provide a list of their skills. We update the skills list yearly and identify where we need to replace skills before retirements, etc, from the board.

We currently have 5 voting board members and a membership consisting of 14 non-voting members. The non-voting members make up the numbers when required at board meetings, events, seminars, etc.

Trustee Induction and Training

All trustees are familiar with the practical work of the charity as they visit the Training Suite where work is delivered randomly. The trustees hear and see the productions of the young people and at first hand get to examine the work of the staff and volunteers. The trustees attend our open days which are promoted and delivered at least four times a year.

Along with physical training, the trustees have received their training in form of DVDs and online. This is relayed at board meetings so the other trustees can see how training went with the others.

The trustees also receive training from their workplaces (i.e. Accountants, etc) which enables all trustees to be able to share alternative learning with each other.

Our induction process consists of a Question & Answer pack, skills assessment, needs assessment, rules and regulations of a trustee documentation, health & safety procedures, and reference sections, and every new trustee must undergo this process.

Risk Management

The Management Committee has conducted a review of the major risks to which the charity is exposed. We have a risk register which is reviewed and updated annually. Where necessary, systems or procedures have been established to mitigate the risks the charity faces. Risks to external funding have led to the development of strategic self-sufficient fund raising which will enable the charity to continue even if funds are delayed or not forthcoming.

Procedures are in place to ensure safety of the trustees, staff, volunteers and our young service users. These procedures are also reviewed annually.

4

Code 7 Limited

Organisational Structure

The charity has a board of five voting members and a membership of 14, a service operational management team of two and a service operational team of five. The CEO has the duty to manage the day to day operations of the charity and the CEO reports all work, issues and challenges back to the board.

Related Parties

With the charity’s work becoming more intense with the many issues that the young service users bring along with them, it is important that we associate ourselves with relevant parties.

Our trustees and management serve on other boards such as Lambeth Youth Violence Forum.

Being a part of these other groups opens the charity to work and/or funding opportunities that can, will or do benefit the charity

Our Aims and Objectives

Purpose and Aims

Our charity’s purpose as set out in the objects contained in the company’s memorandum of association is: “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”

The aims of our charity are to take young people’s passion for music and creative arts and nurture and channel this into the development of practical, useful and marketable skills. We provide an opportunity for young people to develop the skills necessary for success in a wide variety of careers, whether directly in music or in other sectors.

Our aims fully reflect the purposes that the charity was set up to further.

Ensuring our Work Delivers our Aims

Every year we produce an annual report which contains a review of our aims, objectives and activities for the completed year. The review looks at what we achieved and the outcomes of our work in the previous twelve months.

We also ensure that all funding applications that we create and submit adhere closely to the purpose in our charity’s memorandum and articles.

The people whom we employ or take on as volunteers, all go through our induction process which includes them agreeing and signing up to our ‘Code 7 Core-Values’ mission. Our core-values are to Know, Want, Learn, Share, Help, Deliver and Care, which are specially designed to communicate how our staff and volunteers are expected to work with our project users always.

Our core-values help us to ensure that all our activities and our work continue to compliment and follow our aims and objectives as stated in our memorandum and articles. Our core-values also stand as a guideline for future-planning to guarantee that our focus remains within the boundaries of our charity’s aims and objectives while implementing future plans

The Focus of our Work

Our prime objectives for the year was to provide activities in music, media and performing arts and to contribute a service of mentoring, mediation, education, training and tuition for under-privileged young people in South London and surrounding Boroughs that do not have access to mainstream provision.

We delivered these activities and services by:

5

Code 7 Limited

How our activities deliver public benefit

Below is a chart which identifies to whom and how Code 7’s activities deliver public benefit:

Public and Wider Public Beneficiaries How They benefit
All young people, aged 18 and under and from
all geographical areas, backgrounds, cultures,
races, etc, who: -
- Seek education in music and multimedia
- Have ambitions and aspirations to
engage in music and multimedia
- Would like to participate in running youth
projects and live events
- Want to gain skills in work experience
- Love to produce audio and visual
product		 These young people benefit by: -
• Receiving their teaching and development from experienced community and
industry staff and volunteers
• Gaining accredited and achievement certificates
• Using quality equipment that produces professional product
• Gaining services many of them would not be able to afford
• Working in an environment which enables them to progress personally
• Having an opportunity to better themselves while engaging in positive activities
which are popular and they love and enjoy
All young adults, aged 19 to 30 and from all
geographical areas, backgrounds, cultures, races,
etc, who: -
- Have ambitions to improve their skills and
knowledge in business and enterprise
- Need support to gain the right skills to seek a
career in the multimedia industry
- Want to develop their product for
commercial use		 These young adults benefit by: -
• Using quality equipment, resources and facilities
• Gaining accredited and achievement certificates
• Improving their chances for employment or running a business
• Having an opportunity to better themselves while engaging in positive activities
which they demand, love and enjoy
Parents/Carers Parents/Carers benefit by: -
• Having extra activities to help keep their children/young people diverted from
boredom on the streets
• Having another platform to be able to bond with their children/young people (i.e.
approving and signing induction/policy documents, attending showcases, open days,
events,etc)
Community Residents Community residents benefit from: -
• The changes in the young people’s mind sets and behaviour which help residents to
be safer
• Being able to attend open days and presentations where they talk to young people
and gain more understanding of their aspirations which helps build community trust
• Volunteering to give something back to the community which gives residents self
satisfaction and accomplishment
• Participating in activities themselves which help them to develop their skills and
education also
Senior Community Residents Our senior community residents benefit from: -
• Our lovable staff and volunteers who happily help them with shopping and bag
carrying, etc
• Having activities nearby which keep their minds active as they always enquire about
what is new
• Having a service, which is nearby, where they can come to or call when they need
some help quitequickly (i.e. water leaks,lost keys,swollen andjammed doors,etc)
Police The police benefit by utilising the service to build better relations with the young
people, i.e. –
• Holding question & answer sessions
• displaying newsletters
• liaising with staff/volunteers/youths
• attending performances/events
• actingas talentjudges on talentquests,etc
Local Councils (Lambeth/Hackney) The local councils benefit by utilising the service to be able to reach the young people
so they can continue to strategise and implement new and improved youth services,
i.e. –
• EYS (Electronic Youth Service)
•CAF(Common Assessment Framework)

6

Code 7 Limited

• Safeguarding (for children and young adults), etc
The local councils also benefit: -
• By funding young people led projects, which helps bring awareness to the young
people of the councils’ commitments to them
• By having an alternative service where they can refer young offenders
• From having a structure whereby they can know every young person and how they
are beingengaged
Schools/Colleges Schools and Colleges benefit: -
• From having a specialised music and multimedia service where they can send their
pupils/students to gain hands on and live experience
• From having a service they can call on to curve difficult young people and help put
them back on track with their behaviour and education (i.e. Code 7 engaged 3 male
pupils at Mitcham Vale Secondary School who were set to fail their GCSEs in music,
which would obviously affect their route into college. Code 7’s input helped to steer
these 3young people back on track and allgained the requiredgrades)
Businesses - Local businesses benefit from the continued relations built through the continuity
of our service which helps them to generate more business
- Local shop owners liaise with us in terms of minor difficulties with young people
and we act on these accordingly creating better understandings between them and the
young people
- Shop owners sponsor various projects with us and in turn advertise their trade
- Clothes shop owners have loaned clothes to young people to perform in videos so
theycan advertise their brands
Health Departments of the health sector benefit from implementing projects and also
advertising through our services to the young people, i.e. –
• Lambeth NHS have funded a sexual health project through Code 7 which engaged
30 young people
• Lambeth NHS funded a music therapy programme called ‘Music Healing’
• Lambeth NHS display their advertisement leaflets with us Code 7 has also provided
pilot workshops and specialised programmes for young men and woman with mental
health issues.
Housing Code 7 have built relations with various parts of the housing sector and they benefit
by having a specialised music and multimedia service they can call on to help
maintain community relations amongst their residents, i.e.
‐Penrose Housing Association have funded history workshops for young people at
Code 7
‐Look Ahead Hostels have funded portable music workshops for their residents on
their Aldgate and Earls Court sites and always book our portable Christmas Party
Service every year
Transport The funds that we apply for include travel costs which continues to help support, and
benefit,the transport industry
Other Community Organisations,
Groups & Projects		 Other community organisations, groups and projects benefit: -
• By working together with Code 7 which helps them to broaden their young people
client group
• By gaining access for their young people client group to services and facilities they
may not have or are able to afford
• By gaining strength and more recognition from being a part of a consortium
• By joiningtogether in fundingapplications to helpmaintain their services
Funding Organisations Funding organisations benefit by being able to fund an organisation which has a
proven track record of engaging many hard to reach young people and reporting to
the standards set. Funding bodies have seen the benefits and continue to fund Code
7,whether it is in a long-term contract or in small, yearlyfundingapplications.

The trustees are mindful of the public benefit tests for charities, and confirm they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charities Commission.

7

Code 7 Limited

Financial Review

We are working with a professional consultant with the intention to maximise our income generation. We have faced difficult periods but have worked hard to secure continued and further funding.

Principle funding sources

Below is a list of our funding/income and approximate grant amounts for the year to 31 March 2023: -

Investment Policy

Under the Memorandum of Association, the charity has the power to make any investment which the trustees see fit. The funds held by the charity during the year under review were not sufficient to justify separate investment, other than to be placed on deposit with the charity’s bankers.

We are currently working with professional consultants to enable us to maximise our capacity in investments and reserves.

Reserves Policy

As the funds we receive are mainly grants, the expenditure usually caters for the actual projects we delivered for that particular funder. This makes it difficult for us to contribute money to investment or reserves, although this is an area we are keeping under review.

We are now in the process of implementing procedures to enable us to transfer small investments into our reserves and we aim to build upon this gradually. Our work with professional business consultants will enable us to increase the potential of our reserves. A percentage of the donation that was received in this financial year, 2022-23, was transferred to our reserves.

Plans for Future Periods

The charity plans to continue the work set out in our memorandum and articles and mission statement over the coming years once funding permits.

We look forward to completing our London Youth Quality Mark with Rocket Science and still aim to raise funding to reapply for PQASSO Quality Mark Level 1 and Level 2 thereafter, to ensure the company maintains high quality standards at board level, and in operational management and project delivery.

We are working with Lambeth Council to secure long-term premises for Code 7.

Code 7 is now operating within a Public Health context which ensures our future provisions have the best possible foundations to help us create and sustain positive change in our community.

Responsibilities of the Management Committee

Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the Management Committee should follow the best practice and:

8

CINle 7 Lin)ited Prcpar¢ financial si#tein¢nis that show a In￿ and fair Yicw -lThe Nlxnabyen)ent Commiiice is rcswn51ble for n￿1n1￿1nlnts pri)pcr aci()unling rL'COTd> whiLh disc105C Wlth ￿O￿OnablC accuracy dl #ny lime Ihc finaneial posilion of Ihe chariuble Lompany and 10 inablL IhLm 10 ensure thai thc financial tale￿.L￿￿t% Lomplv IhL Comp(Ini¢% Act 2UU(J Th¢ MJna¥ement Commiirer 1% ¢ilio r¢MrM)ii%ibl¥ for saf¢¥uardiiig Ihe (yl. IhL ehariiable company 8nd hence for iokin8 rc¥sonabl¢ sl¢p5 for ihe prevention and deiccii(m gf gTKI otli¢r irrL'¥Uiaritics. MemtcrF ofthc Mona m¢nt Cnmmittce Menik'r5 iJf the MatYdB¢nitni Coniniinee. w,ho are direLiors for Ihe i)f ihi Lompany and tnjstees for the purwTrsc of harity law. who.seNLd duriny Lhc year and up 10 ihe daic ofthis report ar¢ s¢( ()U( ()n pagc l. Sm#ll COM￿nY Provlslonl This rcpTrff ha$ bcen prcpared in a¢cordan¢¢ wilh the Sthiemcnt of RctiimmLndc(I Praclicc: A¢¢oulltin% and Rermbrting l)y C"hJTIIIL% li%4ued in Marcli ?011S1 and iii accorda￿¢ wilh the provisions in PJrf 15 of the Companies Aci 2tl)O appli￿ble ¢0 Li)mpanic¥ %uhj¢¢i i() Ihc %niall compaiiies ie¥pime. Apprnved hy Ihe Mana¥cmeni Commiiiee on 2811212021 and signed on ils bchalf by: ¢1 l.1shle Ch#lr On EchaifDfthc trustres. bDard

Code 7 Limited

Independent Examiner's Report to the Trustees of Code 7 Limited

I report to the charity trustees on my examination of the accounts for the year ended 31 March 2023 set out on pages eleven to seventeen.

Respective responsibilities of trustees and examiner

As the charity’s trustees of the Company (who are also the directors of the company 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 for this year under Part 16 of the 2006 Act and are eligible for independent examination, I 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, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

I 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.

Xavier Abraham FCCA

Abraham and Associates Chartered Certified Accountants Ebenezer House, 41 Clarence Street Southend on Sea Essex, SS1 1BH

Date : 29/12/2023

10

Code 7 Limited

Statement of Financial Activities

for the Year Ended 31 March 2023

Notes
INCOMING RESOURCES
Incoming resources from generated
funds
Voluntary income
RESOURCES EXPENDED
Charitable activities
Governance costs
Other resources expended
Total resources expended
Tax charges
NET INCOMING/(OUTGOING)
RESOURCES BEFORE TRANSFERS
Gross transfers between funds
9
Net incoming/(outgoing) resources
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 31.03.23
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
71,964
43,900
115,864
126,389
126,389
1,470
1,470
10,924
-
10,924
12,394
126,389
138,783
-
-
-
59,570
(82,489)
(22,919)
(78,605)
78,605
-
(19,035)
(3,884)
(22,919)
23,852
11,315
35,167
4,817
7,431
12,248		 31.03.22
Total
funds
£
163,926
147,005
1,380
13,384
161,769
-
2,157
-
2,157
33,010
35,167

11

Code 7 Limited

Balance Sheet At 31 March 2023

Notes
FIXED ASSETS
Tangible assets
5
CURRENT ASSETS
Debtors
6
Cash at bank
CREDITORS
Amounts falling due within one year
7
NET CURRENT ASSETS/(LIABILITIES)
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
8
NET ASSETS/(LIABILITIES)
FUNDS
9
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
Restricted
fund
funds
£
£
-
15,206
1,453
-
12,546
-
13,999
-
(7,222)
-
6,777
-
6,777
15,206
(9,735)
-
(2,958)
15,206		 31.03.23
Total
funds
£
15,206
1,453
12,546
13,999
(7,222)
6,777
21,983
(9,735)
12,248
(2,958)
15,206
12,248		 31.03.22
Total
funds
£
19,090
1,453
35,541
36,994
(5,618)
31,376
50,466
(15,299)
35,167
16,077
19,090
35,167

12

Code 7 ']￿et- coniinu March 2023 Ai3 Thc Lhariiablv company 18 entitl¢d to cxcmptioo from audit undLY Seeiion 477 of the Companics Aci 2n06 for the year cndLxl .3 l Mar¢li 2U23. Thc niLri1￿19 hai'¢ nol fLquircd t1￿ charitahlL Cl)mpan)' lo obwin an audii i)f lis financial slalcmenis for ihe y¢ar cnded I l fvlarcli 1023 in ac¢ordanL¢ with secii01147() of Ihl CompaThi¥S Aci !nn6. The IW4L¢¢S LiLkni)wledgc Il)¢irrcspon*ibiliii¢s for lal cn¥urtng Ihai ihe cliaritablc Lonipany k¢ep% acLouniiny wwryls tl)al comply with Sc¢tiofts If16 and 387 of Ihe ompani¢s Aci ?n06 and Ibl prLparink fi￿nCial siatcm¢nl% which givc a Irue and fair vi¢w ofihc 4tait of affaiTh of the ehariiahlc cnmpanv as

i lh¢ cnd ol each financial year ibf il% surplu.s or dcficii for ¢a¢h linancial vear in actord2nce with th¢

requircmcnt% of SL'ciions 394 and 19$ and w'hi¢h otherwise ¢on)pl>' wilh thL fLquirem¢nl% of ihc Conipanics A¢1 relaiing to financial stsi¢m¢nts. so far as applicable io ihe ch4rJtabl¢ ¢ompan)'. Tl)ese financial %iatemeni& have bocn prcpared in a¢wrdunc¢ Wilh ihc s5)e¢iJl pr()vi¥ii)ns of Pan 15 of ihe Cn mpa n i¢8 ALI ?O(Jh rL.Idlin¥ lo smdll Lharl￿bIL Lvmpanies an(1 with thk FiTUtnii&il RLpurtinb Siand4rd fur Smaller Enlili IcIYcciTvc April 2QO81. The financial slatemenls approved by ihe lJ(Jard ol'Tru5tees on 281 iir20?3 and ￿ere %i&tned on its bchalfby: S Llsble Trusicc The noi&% form part of thesc finBnciul si&iernen15

Code 7 Limited

Notes to the Financial Statements

for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

These are capitalised if they can be used for more than one year and are valued at cost. Depreciation is provided on the following rates.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. NET INCOMING/(OUTGOING) RESOURCES

Net resources are stated after charging/(crediting):

31.03.23 31.03.22
£ £
Depreciation- owned assets 3,885 4,883

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

14

Code 7 Limited

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

4. STAFF COSTS

31.03.23 31.03.22
£ £
Wages and salaries 20,359 37,226

No employees received emoluments in excess of £60,000.

5. TANGIBLE FIXED ASSETS

Plant and
machinery
etc
£
Cost
At 1 April 2022
54,761
Additions
-
Disposals
-
At 31 March 2023
54,761
Depreciation
At 1 April 2022
53,453
Charge for the year
327
On disposals
-
At 31 March 2023
53,780
Net book value
At 31 March 2023
981
At 31 March 2022
1,308
6.
DEBTORS: AMOUNTS FALLINGDUEWITHINONE YEAR
Other debtors
7.
CREDITORS: AMOUNTS FALLINGDUEWITHINONE YEAR
Other creditors
8.
CREDITORS: AMOUNTS FALLINGDUEAFTERONE YEAR
Finance lease and HP contracts		 Motor
vehicles
Total
£
£
23,399
78,160
-
-
-
-
23,399
78,160
5,617
59,070
3,557
3.884
-
-
9,174
62,954
14,225
15,206
17,782
19,090
31.03.23
31.03.22
£
£
1,453
1,453
31.03.23
31.03.22
£
£
7,222
5,618
31.03.23
31.03.22
£
£
9,735
15,299

15

Code 7 Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

9. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Current Assets
Restricted funds
Tangible fixed asset fund
TOTAL FUNDS		 Net
movement
Transfers
At 01.04.22
in funds
between
funds
At 31.03.23
£
£
£
£
(20,917)
59,570
(55,610)
(16,957)
36,994
(22,995)
13,999
16,077
59,570
(78,605)
(2,958)
19,090
(82,489)
78,605
15,206
35,167
(22,919)
-
12,248

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
TOTAL FUNDS		 Incoming
Resources
Movement in
resources
expended
funds
£
£
£
71,964
(12,394)
59,570
43,900
(126,389)
(82,489)
115,864
(138,783)
(22,919)

10. The average number of employees for the period		 31.03.2023
8		 31.03.2022
8

16

Code 7 Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

INCOMING RESOURCES
Voluntary income
Grants
Total incoming resources
RESOURCES EXPENDED
Costs of Charitable activities
Wages
Rent and utilities
Insurance
Workshops/subcontractors
IT and internet expenses
Other direct equipment costs
Equipment
Project expenses
Support costs Management
Telephone
Postage and stationery
Fees
Consultancy fees
Other office expenses
Motor
Repair and maintenance
Travel and subsistence
Staff pensions
Profit/loss on sale of fixed assets
Dep - Fixtures and fittings
Dep - Motor vehicles
Governance cost
Professional fees
Finance
Bank charges
Total resources expended
Net (expenditure)/income		 31.03.23
£
115,864
115,864
20,359
7,034
1,995
91,523
291
-
361
4,826
126,389
3,394
164
1,012
-
41
1,722
-
538
82
-
327
3,557
10,837
1,470
86
138,782
(22,918)		 31.03.22
£
163,926
163,926
37,226
7,312
1,571
84,899
427
-
1,562
14,008
147,005
3,179
315
1,191
-
150
3,175
-
-
406
-
437
4,446
13,299
1,380
86
161,770
2,156

17