||||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| ##