| Pages | |||
|---|---|---|---|
| Trustees' Annual Report |
2to 8 | ||
| Independent Examiner's |
Report | ||
| Statement of Financial Activities | 10 | ||
| Summary Income and Expenditure |
Account | ||
| Balance Sheet | 12 | ||
| Statement ofCash flows | 13 | ||
| Detailed Statement of Financial Activities | 14 | ||
| Notes to the Accounts | 15to 22 |
| for the year | ended 31March | 2022 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Notes | f | E | f | E | ||
| Income and | endowments | |||||
| from: | ||||||
| Donations | and legacies | 108 | 108 | 7,017 | ||
| Charitable | activities | 381,152 | 333,680 | 714,832 | 286,028 | |
| Investments | 3 | 3 | 8 | |||
| Other | 15,831 | 15,831 | 45,314 | |||
| Total | 397,094 | 333,680 | 730,774 | 338,367 | ||
| Expenditure | on: | |||||
| Charitable | activities | 261,458 | 133,188 | 394,646 | 207,450 | |
| Total | 261,458 | 133,188 | 394,646 | 207,450 | ||
| Net gains on | investments | |||||
| Net income | 135,636 | 200,492 | 336,128 | 130,917 | ||
| Transfers between funds |
||||||
| Net income before other gains/(losses) |
135,636 | 200,492 | 336,128 | 130,917 | ||
| Other gains | and losses | |||||
| Net movement in funds |
135,636 | 200,492 | 336,128 | 130,917 | ||
| Reconciliation offunds: |
||||||
| Total funds | brought forward | 203,545 | 38,569 | 242,114 | 111,197 | |
| Total funds | carried forward | 339,181 | 239,061 | 578,242 | 242,114 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | f | ||
| Income | 730,771 | 338,359 | |
| Interest and investment | income | ||
| Gross income for the year | 730,774 | 338,367 | |
| Expenditure | 394,646 | 207,450 | |
| Total expenditure for the year |
394,646 | 207,450 | |
| Net income before tax for the year | 336,128 | 130,917 | |
| Net income for the year | 336,128 | 130,917 |
| at 31March 202 | 2 | 2 | 2 | 2 | |||
|---|---|---|---|---|---|---|---|
| Company No. |
07557852 | Notes | 2022 | 2021 | |||
| f | |||||||
| Fixed assets | |||||||
| Tangible assets | 11 | 51,000 | |||||
| 51,000 | |||||||
| Current assets | |||||||
| Debtors | 12 | 40,618 | 11,059 | ||||
| Cash at bank and | in hand | 537,864 | 232,247 | ||||
| 578,482 | 243,306 | ||||||
| Creditors: Amount | falling | due within one year | 13 | (51,240) | (1,192) | ||
| Net current assets | 527,242 | 242,114 | |||||
| Total assets less | current | liabilities | 578,242 | 242,114 | |||
| Net, assets excluding | pension asset or liability | 578,242 | 242,114 | ||||
| Total net assets | 578,242 | 242,114 | |||||
| The funds ofthe | charity | ||||||
| Restricted funds | 15 | ||||||
| Restricted income | funds | 239,061 | 38,569 | ||||
| 239,061 | 38,569 | ||||||
| Unrestricted funds |
15 | ||||||
| General funds | 339,181 | 203,545 | |||||
| 339,181 | 203,545 | ||||||
| Total funds | 578,242 | 242,114 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | ||||
| Cash flows from operating | activities | |||
| Net income per Statement | ofFinancial Activities | 336,128 | 130,917 | |
| Adjustments for: |
||||
| Dividends, interest and |
rents from investments | |||
| Other gains/losses | ||||
| Increase in trade and other receivables |
(29,559) | (6,223) | ||
| Increase in trade and other payables |
50,000 | 400 | ||
| Net cash provided by operating activities |
356,569 | 125,094 | ||
| Cash flows from investing | activities | |||
| Payments for property, |
plant and equipment | (51,000) | ||
| Net cash used in investing | activities | (51,000) | ||
| Net cash from financing activities |
||||
| Net increase in cash and cash equivalents |
305,569 | 125,094 | ||
| Cash and cash equivalents | at the beginning | ofthe year | 232,247 | 107,153 |
| Cash and cash equivalents | at the end ofthe | year | 537,816 | 232,247 |
| Components ofcash and cash equivalents |
||||
| Cash and bank balances | 537,864 | 232,247 | ||
| 537,864 | 232,247 |
| Unrestricte | Restricted | ||||||
|---|---|---|---|---|---|---|---|
| d funds | funds | Total funds | Total funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| f | |||||||
| Income and endowments | from: | ||||||
| Donations and legacies |
|||||||
| 108 | 108 | 7,017 | |||||
| 108 | 108 | 7,017 | |||||
| Charitable activities |
|||||||
| Project costs and administration costs |
381,152 | 333,680 | 714,832 | 286,028 | |||
| 381,152 | 333,680 | 714,832 | 286,028 | ||||
| Investments | |||||||
| Other | |||||||
| Coronavirus Job Retention |
scheme | 15,831 | 15,831 | 45,314 | |||
| 15,831 | 15,831 | 45,314 | |||||
| Total income and endowments | 397,094 | 333,680 | 730,774 | 338,367 | |||
| Expenditure on: |
|||||||
| Charitable activities |
|||||||
| Project costs and administration costs |
261,458 | 133,188 | 394,646 | 207,450 | |||
| 261,458 | 133,188 | 394,646 | 207,450 | ||||
| Total ofexpenditure activities |
on charitable | 261,458 | 133,188 | 394,646 | 207,450 | ||
| Total expenditure | 261,458 | 133,188 | 394,646 | 207,450 | |||
| Net gains on investments | |||||||
| Net income | 135,636 | 200,492 | 336,128 | 130,917 | |||
| Net income before gains/(losses) |
other | 135,636 | 200,492 | 336,128 | 130,917 | ||
| Other Gains | |||||||
| Net movement in funds |
135,636 | 200,492 | 336,128 | 130,917 | |||
| Reconciliation offunds: |
|||||||
| Total funds brought | forward | 203,545 | 38,569 | 242,114 | 111,197 | ||
| Total funds carried | forward | 339,181 | 239,061 | 578,242 | 242,114 |
| last year and no chan | last year and no chan | last year and no chan | last year and no chan | ges have been made to accounts for previous years. | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Fund accounting | ||||||||||
| Unrestricted | funds | These are available for use at the discretion of the trustees | in furtherance | of | the | |||||
| general objects ofthe charity. | ||||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular | purposes. | ||||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | ||||||
| restatement ofinvestment assets at their market values. |
||||||||||
| Restricted funds | These are available for use subject to restrictions imposed |
by the donor or through | ||||||||
| terms of an appeal. | ||||||||||
| Income | ||||||||||
| Recognition | of | Income is included in the Statement of Financial Activities |
(SoFA) when | the charity | ||||||
| income | becomes entitled to, and virtually certain to receive, the |
income and the | amount | |||||||
| ofthe income can be measured with sufficient reliability. |
||||||||||
| Income with | related | Where income has related expenditure the income and |
related expenditure | is | ||||||
| expenditure | reported gross in the SoFA. |
|||||||||
| Donations | and | Voluntary income received by way of grants, donations |
and gifts is included | in | the | |||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | ||||||||
| entitlement to the income. |
||||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFA at the |
same time as the | |||||||
| donations | and | gifts | gift/donation to which it relates. |
|||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
|||||||||
| and facilities | where the benefit to the Charity is reasonably quantifiable, |
measurable | and | |||||||
| material. | ||||||||||
| Volunteer | help | The value ofany volunteer help received is not included |
in the accounts. | |||||||
| Investment | income | This is included in the accounts when receivable. |
||||||||
| Gains/(losses) | on | This includes any gain or loss resulting from revaluing investments to |
market | value | ||||||
| revaluation | of | fixed | at the end ofthe year. | |||||||
| assets | ||||||||||
| Gains/(losses) | on | This includes any gain or loss on the sale ofinvestments. |
||||||||
| investment | assets |
| Expenditure | Expenditure | |||||
|---|---|---|---|---|---|---|
| Recognition | of | Expenditure is recognised on an accruals basis. Expenditure includes any VAT |
||||
| expenditure | which cannot be fully recovered, and is reported as |
part of the expenditure to |
||||
| which it relates. |
||||||
| Expenditure | on | These comprise the costs associated with attracting |
voluntary income, fundraising |
|||
| raising funds | trading costs and investment management costs. |
|||||
| Expenditure | on | These comprise the costs incurred by the Charity in |
the delivery of its activities and | |||
| charitable | activities | services in the furtherance of its objects, including |
the making of | grants and | ||
| governance costs. |
||||||
| Grants payable | All grant expenditure is accounted for on an actual |
paid basis plus | an accrual for | |||
| grants that have been approved by the trustees at |
the end ofthe | year but not yet | ||||
| paid. | ||||||
| Governance | costs | These include those costs associated with meeting |
the constitutional and statutory |
|||
| requirements ofthe Charity, including any audit/independent examination fees, |
||||||
| costs linked to the strategic management ofthe Charity, together |
with a share of | |||||
| other administration costs. |
||||||
| Other expenditure | These are support costs not allocated to a particular | activity. |
| Unrestricted | Restricted | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||||
| 2021 | 2021 | 2021 | |||||||
| Income and endowments | from: | ||||||||
| Donations | and | legacies | (7,017) | (7,017) | |||||
| Charitable | activities | (176,595) | (109,433) | (286,028) | |||||
| Investments | (8) | (8) | |||||||
| Other | (45,314) | (45,314) | |||||||
| Total | (228,934) | (109,433) | (338,367) | ||||||
| Expenditure on: |
|||||||||
| Charitable | activities | (114,934) | (92,516) | (207,450) | |||||
| Total | (114,934) | (92,516) | (207,450) | ||||||
| Net | income | (114,000) | (16,917) | (130,917) | |||||
| Net income before gains/(losses) |
other | (114,000) | (16,917) | (130,917) | |||||
| Other gains and losses: | |||||||||
| Net | movement | in funds | (114,000) | (16,917) | (130,917) | ||||
| Reconciliation | offunds: | ||||||||
| Total funds brought | forward | (89,545) | (21,652) | (111,197) | |||||
| Total funds carried | forward | (203,545) | (38,569) | (242,114) | |||||
| 4 | Income from donations | and legacies | |||||||
| Unrestricted | Total | Total | |||||||
| 2022 | 2021 | ||||||||
| E | |||||||||
| 108 | 108 | 7,017 | |||||||
| 108 | 108 | 7,017 | |||||||
| 5 | Income from charitable | activities | |||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 2022 | 2021 | ||||||||
| Project costs and administration costs |
381,152 | 333,680 | 714,832 | 286,028 | |||||
| 381,152 | 333,680 | 714,832 | 286,028 |
| 6 | Income from | investmen | ts | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||||||
| 2022 | 2021 | |||||||||
| 7 | Other income | |||||||||
| Unrestricted | Total | Total | ||||||||
| 2022 | 2021 | |||||||||
| Coronavirus scheme |
Job Retention | 15,831 | 15,831 | 45,314 | ||||||
| 15,831 | 15,831 | 45,314 | ||||||||
| 8 | Expenditure | on charitable | activities | |||||||
| Unrestricted | Restricted | Total | Total | |||||||
| 2022 | 2021 | |||||||||
| Expenditure | on charitable | |||||||||
| octivi ties | ||||||||||
| Project costs administration |
and costs |
261,458 | 133,188 | 394,646 | 207,450 | |||||
| 261,458 | 133,188 | 394,646 | 207,450 | |||||||
| 9 | Net income | before transfers | ||||||||
| 2022 | 2021 | |||||||||
| This is stated | after charging: | f | f | |||||||
| Independent | Examiner's | fee | 320 | 300 | ||||||
| Other fees | paid to the | auditor or | 420 | 492 | ||||||
| independent | examiner | |||||||||
| 10 | Staff costs | |||||||||
| No employee | received | emoluments | in excess off60,000. | |||||||
| The average | monthly | number offull | time equivalent | employees | during the year | was as follows: | ||||
| 2022 | 2021 | |||||||||
| Number | Number | |||||||||
| Charitable | Activities | 16 | 12 | |||||||
| 12 |
| Cost or revaluation | Cost or revaluation | ||||
|---|---|---|---|---|---|
| Additions | 51,000 | 51,000 | |||
| At 31March 2022 | 51,000 | 51,000 | |||
| Net book | values | ||||
| At 31March 2022 | 51,000 | 51,000 | |||
| 12 | Debtors | ||||
| 2022 | 2021 | ||||
| f | |||||
| Trade debtors | 40,618 | 9,220 | |||
| Prepayments and accrued income |
1,839 | ||||
| 40,618 | 11,059 | ||||
| 13 | Creditors: | ||||
| amounts | falling due within one year | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Other creditors | 50,400 | ||||
| Accruals | 840 | 792 | |||
| Deferred | income | 400 | |||
| 51,240 | 1,192 | ||||
| 14 | Deferred | Income | |||
| Movement ofthe deferred income shown in Creditors: amounts falling due within | one year | ||||
| 2022 | 2021 | ||||
| f | |||||
| At 1April | 400 | ||||
| Released | in current year | (400) | |||
| Deferred | in current year | 400 | |||
| At 31March | 400 |
| Movement in fun |
d | s | ||||
|---|---|---|---|---|---|---|
| Incoming | ||||||
| resources | At 31 | |||||
| (including | Resources | March | ||||
| At 1April | other gains/losses |
expended | 2022 | |||
| 2021 | ) | |||||
| f | ||||||
| Restricted funds: | ||||||
| Restricted income | funds: | |||||
| Forest Youth &Community | ||||||
| Hub | 75,000 | 75,000 | ||||
| Youth Music Fund | 15,000 | (11,250) | 3,750 | |||
| Know Your Patch | 16,000 | (12,000) | 4,000 | |||
| Forest Youth Association | 5,250 | 79,135 | (38,185) | 46,200 | ||
| Digital Hubs | 55,508 | (3,568) | 51,940 | |||
| Digital Innovation | Fund | 20,000 | (11,667) | 8,333 | ||
| For My Networks | 20,000 | (15,000) | 5,000 | |||
| Other restricted | funds | 33,319 | 53,037 | (41,518) | 44,838 | |
| Total | 38,569 | 333,680 | (133,188) | 239,061 | ||
| Unrestricted funds: |
||||||
| General funds | 203.545 | 397.094 | (261'458) | 339.181 | ||
| Total funds | 242,114 | 730,774 | (394,646) | 578,242 |
| 16 | Analysis ofnet | assets between funds |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Total | |||||
| funds | funds | ||||
| f | f | ||||
| Fixed assets | 51,000 | 51,000 | |||
| Net current assets | 577,642 | (50,400) | 527,242 | ||
| 577,642 | 600 | 578,242 | |||
| 17 | Reconciliation | ofnet debt | |||
| At,'31 | |||||
| At 1April | March | ||||
| 2021 | Cash flows | 2022 | |||
| f | f | ||||
| Cash and cash | equivalents | 232,247 | 305,617 | 537,864 | |
| 232,247 | 305,617 | 537,864 | |||
| Net debt | 232,247 | 305,617 | 537,864 |