| CONTENTS | |
|---|---|
| Page | |
| DIRECTORS' REPORT | 1-6 |
| INDEPENDENT AUDITORS' REPORT TO THE MEMBERS | 7-9 |
| STATEMENT OF FINANCIAL ACTIVITIES | 10 |
| BALANCE SHEET | 11 |
| CASH FLOW STATEMENT | 12 |
| NOTES TO THE ACCOUNTS | 13-22 |
| Unrestricted | Restricted | Total funds | Unrestricted | Restricted | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | 2023 | funds | funds | funds | ||||||
| 2023 | 2023 | 2022 | 2022 | 2022 | |||||||
| Note | 6 | K | E | E | |||||||
| INCOME AND EXPENDITURE | |||||||||||
| Incoming resources | |||||||||||
| Voluntary income |
6~56 32 |
6~43M | 1 266 420 | 4~2501 | 1 047 122 | ~14 623 |
|||||
| TOTAL INCOMING RESOURCES | ~03 | 610388 | Ea~42 | 452 501 | 1 047122 | ~49 832 | |||||
| Resources expended Charitable activities |
~9 | ~163 Q | ~4 | EL5518 | ~t | ||||||
| TOTALRESOURCES | EXPENDED | 569699 | 593659 | 1 163358 | 431 415 | 951318 | 1 | 392733 | |||
| NET INCOMING RESOURCES FOR THE YEAR | 86,333 | 16,729 | 103,062 | 21,086 | 95,804 | 116,890 | |||||
| Transfer between reserves | 41,757 | (41,757) | 40,151 | (40,151) | |||||||
| Accumulated surplus |
brought | forward at beginning | ofyear as | 2530 | ~2N6 | ~36586 | ~19 7 | ||||
| restated | |||||||||||
| ACCUMULATED FUND CARRIED FORWARD AT END OF |
E 38111'1 | 87818 | 468929 | 5253021 | E112846 | 2365867 | |||||
| YEAR |
| BALANCE SHEET | ||||
|---|---|---|---|---|
| 31 March 2023 | Note | 2023f | 2022 | |
| FIXEDASSETS | ||||
| Tangible assets | 3,438 | |||
| Investments | 1 | |||
| 3,439 | ||||
| CURRENT ASSETS | ||||
| Cash at bank and in hand | 437,758 | 609,217 | ||
| Debtors | 287,480 | 107,709 | ||
| 725,238 | 716,926 | |||
| CREDITORS | ||||
| due within one year | 10 | (141,184) | (124,319) | |
| NET CURRENT ASSETS | 584,054 | 592,607 | ||
| TOTAL ASSETS LESSCURRENT | UABIUTIES | f587,493 | E592,608 | |
| CREDITORS | ||||
| due after more than | one year | 118,564 | 226,741 | |
| RESERVES | ||||
| Accumulated surplus |
(unrestricted) | 13 | 381,111 | 223,021 |
| Restricted funds | 13 | 87,818 | 112,846 | |
| Designated fund |
13 | 30,000 | ||
| Total funds | 468,929 | K365,867 | ||
| TOTAL FUNDS AND | LONG TERM | LIABILITIES | f587,493 | E592,608 |
| CASH FLOW STATEMENT | |||||
|---|---|---|---|---|---|
| 31 March 2023 | 2023 | 2022f | |||
| Cash used in operating activities |
|||||
| Net cash provided by operating activities |
(62,227) | 26,004 | |||
| Cash flows from investing activities |
|||||
| Purchase oftangible fixed assets | (3,438) | ||||
| Cash used in investing activities |
(3,438) | ||||
| Cash flows from financing activities |
|||||
| Interest paid | (8,764) | (848) | |||
| Repayment ofborrowing |
(99,448) | (2,935) | |||
| Interest received | 2,418 | ||||
| Net cash provided by /(used in) financing |
activities | (105,794) | (3,783) | ||
| Change in cash and cash equivalents | in | the year | (171,459) | 22,221 | |
| Cash and cash equivalents brought forward |
609;217 | 586,996 | |||
| Total cash and cash equivalents carried |
forward | 437,758 | 609,217 | ||
| RECONCILIATION OF NET MOVEMENT |
IN | ||||
| FUNDS TO NET CASH FLOW FROM OPERATING | |||||
| ACTIVITIES | |||||
| Net movement in funds for the period ended |
31 March | 103,062 | 116,890 | ||
| 2023(as per the Statement of Financial | Activities, page | ||||
| 10) | |||||
| Adjustments for |
|||||
| Finance income | (2,418) | ||||
| Finance cost | 9,464 | 848 | |||
| (Increase)/decrease in debtors |
(179,771) | (102,294) | |||
| Increase/(decrease) in creditors |
7,436 | 10,560 | |||
| Net cash provided by operating activities |
(62,227) | 26,004 |
| INCOINING RFS | OURCES | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Unrestricted funds |
||||
| Donations from |
Gloucestershire | Gateway | ||
| Trust (Operating) | Limited | 640,200 | 433,500 | |
| Other donations | received | 13,414 | 19,001 | |
| tnvestment income |
2,418 | |||
| 656,032 | F452,501 | |||
| Restricted funds | ||||
| Donations received |
30,000 | |||
| GEM project income | 373,539 | 316,104 | ||
| Covid response | appeal | 173,315 | 96,928 | |
| HAF Programme | 23,869 | 493,257 | ||
| Thirty Percy | 110,833 | |||
| Other restricted | funds | 39,665 | ||
| 610,388 | K 1,047,122 | |||
| Total income | K1,266,420 | E1,499,623 |
| NOTES TOTHE ACCOUNTS for the year ended 31 March 2023 |
NOTES TOTHE ACCOUNTS for the year ended 31 March 2023 |
|||||
|---|---|---|---|---|---|---|
| ' | 3 RESOURCES EXPENDED |
|||||
| 2023 | 2022 | |||||
| K | ||||||
| Direct charitable —unrestricted | funds | |||||
| Community education and development |
297,068 | 225,488 | ||||
| Local event. and hospitality costs |
7,951 | 7,417 | ||||
| Growing project costs |
6,500 | 6,282 | ||||
| Employment support |
4,612 | 2,831 | ||||
| New Pilot projects | 15,682 | |||||
| Contribution to Gloucester Services bus |
staff | 21,600 | 21,600 | |||
| Staff costs | 115,156 | 107,336 | ||||
| Total direct charitable —unrestricted | funds | 2468,569 | E370,954 | |||
| Support costs —unrestricted | funds | |||||
| Rent / utilities | 906 | 327 | ||||
| Legal and professional fees | 8,888 | 14,242 | ||||
| Telephone and postage |
1,461 | 2,379 | ||||
| ONce supplies and stationery |
3,280 | 1,043 | ||||
| Marketing and advertising |
655 | |||||
| Travelling and subsistence expenses |
1,490 | 902 | ||||
| Insurance | 6,083 | 3,602 | ||||
| Publications and subscriptions |
1,841 | 1,277 | ||||
| Accountancy and bookkeeping |
fees | 1,5,691 | 9,944 | |||
| Training | 780 | |||||
| Volunteer expenses | 1,730 | 869 | ||||
| Finance charges | 21,654 | 13,405 | ||||
| Bank charges | 244 | 345 | ||||
| Staff costs | 37,082 | 11,471 | ||||
| Total support costs —unrestricted | funds | f101,130 | E60,461 | |||
| Total unrestricted funds expenditure |
f569,699 | f431,415 |
| 2023 | 2022 | ||
|---|---|---|---|
| Restricted funds | |||
| GEM Project | |||
| Staff costs | 263,388 | 237,069 | |
| Accommodation and room |
rental | 11,091 | 9,463 |
| Consultancy fees |
33,953 | 11,099 | |
| Telephone and postage |
1,642 | 2,092 | |
| Office supplies, stationery |
and publications | 12,000 | 3,908 |
| Travel expenses | 2,259 | 956 | |
| Marketing and advertising |
7,449 | 15,706 | |
| Total GEIIproject expenditure | f331,782 | K280,293 | |
| Thirty Percy | |||
| Charitable payments |
59,885 | 57,378 | |
| Total Thirty Percy expenditure | @59,885 | f57,378 | |
| Other Donations | |||
| Other costs incurred within donation |
the terms of the | 42,622 | 22,654 |
| Total other donations expenditure |
f42,622 | .f22,654 | |
| COVID Response Appeal | and HAF | ||
| Programme | |||
| Purchases and distribution cost |
offood and activity | 159,370 | 590,993 |
| Total COVID response expenditure | K159,370 | R590,993 | |
| Total restricted fund expenditure |
K593,659 | f951,318 | |
| Total expenditure | f1,161,758 | R1,382,733 |
| TANGIBLE | FIXEDASSETS | |
|---|---|---|
| Plant and | ||
| equipment | ||
| Cost | ||
| At 1 April 2022 and 31 March 2023 | 1,005 | |
| Additions | 3,438 | |
| At 31 Maich | 2023 | 3,438 |
| Depreciation | ||
| At 1 April 2022 | 1,005 | |
| Depreciation | during the year | |
| At 31 March | 2023 | |
| Net book value | ||
| At 31 March | 2023 | E3,438 |
| At 31 March | 2022 |
| 9 | DEBTORS | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Donations from Gloucestershire |
Gateway | |||||
| Trust (Operating) | Limited | 138,000 | 95,619 | |||
| Prepayment | 132,000 | |||||
| Other debtors | 17,480 | 12,090 | ||||
| E287,480 | f 107,709 | |||||
| 10 | CREDITORS due in | less than | one-year | |||
| 2023 | 2022 | |||||
| Accruals and deferred | income | 21,787 | 13,651 | |||
| Loan from Charity Bank | 119,397 | 35,668 | ||||
| Tudor Trust | 75,000 | |||||
| f141,184 | K 124,319 |
| for th | e year ended 31 March 2023 | ||
|---|---|---|---|
| 11 | CREDITORS due after more than one-year | ||
| 2023 | 2022 | ||
| Loan from Tudor Trust | 118,564 | 107,344 | |
| Loan from Charity Bank | 119,397 | ||
| 8118,564 | E226,741 |
| Unrestricted | Unrestricted | Unrestricted | Restricted | Designated | Total funds | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | 2023 | ||||||
| 2023 | 2023 | 2023 | |||||||
| Balance brought | forward | 223,021 | 112,846 | 30,000 | 365,867 | ||||
| Surplus for the year | 86,333 | 16,729 | 103,062 | ||||||
| Transfers | 71,757 | (41,757) | (30,000) | ||||||
| F381,111 | f87,818 | E - | 2468,929 | ||||||
| The Trustees | had set | up a designated | fund for | the purposes | of setting aside | closure | |||
| costs in relation to the | GEM project. These costs | were incurred | during the year. . | ||||||
| Anaiysis ofRestricted | Fund | Movements | |||||||
| Balance | Balance 31 | ||||||||
| 1stApril | Incoming | Resources | Transfer to | INarch | |||||
| 2022 | resources | expended | Unrestricted | 2023 | |||||
| K | |||||||||
| GEM project | 373,539 | (331,782) | (41,757) | ||||||
| Thirty Percy Hotspot | |||||||||
| Alliance | 106,308 | (59,885) | 46,423 | ||||||
| Covid Appeal | 14,707 | 173,315 | (151,296) | 36,726 | |||||
| HAF Programme | (15,515) | 23,869 | (8,074) | 280 | |||||
| GCC Market Town | |||||||||
| Project | 7,346 | 9,000 | (16,346) | ||||||
| Multiply Project | 18,000 | (12,550) | 5,450 | ||||||
| Other Projects | 12,665 | (13,726) | (1,061) | ||||||
| E | 112,846 | F610,388 | E(593,659) | E(41,757) | f87,818 |