2023-03-31-accounts - Alacrity Foundation

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Trustees'	annual report (incorporating			the	director's	report)
Independent auditor's		report to	the members
Statement	offinancial	activities	(including		income and expenditure		account)
Statement	of financial	position						12
Statement	ofcash flows							13
Notes to	the finandal	statements						14

STATEMENT OF FI 31March 2023	NANCIAL POS	ITION
				2023	2022
			Note	I	6
FIXEDASSETS
Targibb. lixed ass,ls N xed motive invcotnxncs			16	39,693 122,44G	50,177 156,724
				16?,329	206,901
CURRENT ASSETS
Debtors			1S	'l21.931	641,471
Cash at bunk and n land				30G,920	494.194
				728,651	1,135,665
CREDITORS: amounts	falling due vvlthln	one year	19	f76,3HS',	(291,6594)
NET CURRENT ASSETS				702,463	044,071
TOTAL ASSETS LESSCURRENT LIASILITIES				Gfvt,797	1,050,972
NET ASSETS				Gfvt,792	I,050,'372
FIINDS OFTHE CHARITY
Unrt oricted funds				064,792	I,050,972
Total charity funds			21	8&1,797	1,050,972

STATEMENT OF CASH FLOWS Year ended 31March 2023
	2023	2022
	E	E
CASH FLOWS FROM OPERATING ACTIVITIES
Net (expenditure)/income	(186,180)	260,383
Ad/rrshrrents for:
Depreciation of tangible fixed assets	14,092	9,680
Net losses on investments	34,278	179
Other interest receivable and similar income	(57)	(20)
Loss on disposal of heritage assets	316
Accrued expenses/(income)	227,834	(427,338)
Changesin:
Trade and other debtors	(3,654)	(782)
Trade and other creditors	(269,846)	(11,699)
Cash generated from operations	(183,217)	(169,597)
Interest received	57	20
Net cash used in operating activities	(183,160)	(169,577)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of tangible assets	('i,114)	(30,608)
Net cash used in investing adivities	(4,114)	(30,608)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(187,274)	(200,185)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	494,194	694,379
CASH AND CASH EQUIVALENTS AT END OF YEAR	306,920	494,194

S.	DONATIO	NS AND LEGACIE	S
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds I	2023 E	Funds I	2022 E
	DONATIONS
	Donations			2,500	2,500	882,544	882,544
	Donations	- Alacrity Cyber		266,667	266I667	500,000	500,000
	Donations	—DCAR Monmouthshire		416,672	416,672	170,143	170,143
	Donations	- Grow Digital		16,000	16,000	16,000	16,000
	Donations	- 12I		130,629	130,629	25,000	25,000
	Donations	- Media C		332,761	332,761
	Donations	- Cyber Innovation	Hub	146,207	146,207
	Donadons	- SPF Monmouthshire		30,837	30,837
				1,342,273	1,342,273	1,593,687	1,593,687
6.	CHARITABLE ACTIVITIES
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds I	2023 E	Funds 6	2022 E
	Other income from charitable		activities			45,000	45,000

12.	NET (EXPENDITURE)/	NET (EXPENDITURE)/	INCOME
	Net (expenditure)/income		is stated atter	charging/(crediting):
					2023	2022
					E	E
	Depredation	oftangible	fixed assets		14,092	9,680
	Loss on disposal of heritage assets				315
13.	AUDITORS	REMUNERATION
					2023	2022
					E	E
	Fees payable	for the audit ofthe financial		statements	5,500	4,300

STAFF COSTS
The total staff costs and employee	benefits for the reporting	period are analysed	as follows:
			2023	2022
			E	E
Wages and salaries		449,832		357,235
Sodal security costs			37,898	32,677
		487,730		389,912

time equi	valent employees	during the year is a	nalysed as follows:	nalysed as follows:
			2023		2022
			No.		No.
Number	ofstaff - management			4
Number	ofstaff - administrative			2	2
				6	6
The number ofemployees		whose remuneration	for the year fell within the following	bands,	were:
			2023		2022
			No.		No.
f60,000	to 669,999			1	1
f90,000	to 699,999			1	1
				2	2

16.	TANGIBLE FI	XEDASSETS
			Fixtures and
			fittings	Equipment	Total
			6	E	E
	Cost
	At 1 April 2022		42,972	38,416	81,388
	Additions		155	3,959	4,114
	Disposals		(112)	(2,555)	(2,667)
	At 31March	2023	'l3,015	39,820	82,835
	Depreciation
	At 1April 2022		5,007	26,204	31,211
	Charge for the	year	6,369	7,723	14,092
	Disposals		(67)	(2,284)	(2,351)
	At 31March	2023	11,309	31,643	42,952
	Carrying amount At 31March 2023		31,706	8,177	39,883
	At 31 March 2022		37,965	12,212	50,177
17.	MIXED MOTIVE INVESTMENTS
					Spin-off
					investments
	Cost
	At 1 April 2022				210,000
	Disposals				(15,000)
	At 31March	2023			195,000
	Impairment
	At 1April 2022				(53,276)
	Disposals				15,000
	Impairment losses				(37,587)
	Reversal of impairments				3,309
	At 31March	2023			(72,554)
	Carrying amount
	At 31March	2023			122,446
18.	DEBTORS
				2023	2022
				E	E
	Prepayments and accrued income			421,931	641,471

19.	CREDIT	ORS: a	mount	s falling due within one ye	ar
					2023	2022
					E	E
	Accruals	and deferred		income	17,766	279,793
	Sodal security and other taxes				8,622	11,801
					26,388	291,594
20.	DEFERRED INCOME
					2023	2022
					E	E
	At 1April 2022				266,667	266,667
	Amount	released	to income		(266,667)	(266,667)
	Amount	deferred	ln year			266,667
	At 31March 2023					266,667

ANALY	SIS OF NET ASSETS BETWEEN FUNDS
		Unrestricted	Total Funds
		Funds	2023
		E	E
Tangible	fixed assets	39,883	39,883
Investments		122,446	122,446
Current	assets	728I852	728,852
Creditors	less than 1year	(26,389)	(26,389)
Net assets		864,792	864,792
		Unrestricted	Total Funds
		Funds	2022
			E
Tangible	fixed assets	50,177	50,177
Invesiments		156,724	156,724
Current	assets	1,135,665	1,135,665
Creditors	less than 1year	(291I594)	(291,594)
Net assets		1~050~972	1(050~972