## |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| ## ##