Trustees’ Annual Report
Tutbury Old School Community Association (TOSCA) Ltd
1[st] August 2022 – 31[st] July 2023
The building and its users have continued to thrive this year. We were delighted to receive a significant grant through ESBC as they distributed the money from the residential development. We have therefore been able to ‘futureproof’ the building, with new double glazed windows and secure doors. This should help to reduce our heating bills and definitely improves the look of the building. We have also installed heating in the ‘house’ end of the building.
Tutbury Preschool remains by far our biggest user, but the building is now in use every week day and every weekday evening. Weekends are more or less free, with occasional party bookings or community events. This is something we could look to build on.
The granting of a long term 25 year lease from Staffordshire County Council is a major achievement and one which will help us to apply for other grants if required, as well as giving our resident groups more stability.
We could also look to do more fundraising and raise our profile to attract more volunteers.
Thank you to the trustees for their dedication over another year.
Company registration number.. 07713867 Charity Fegistrdtion number.. 1143495 Tutbury Old School Community Association (TOSCA) Limited known as TOSCA (A company limited by share ¢apilal) Annual Report and Financial StateTnents for the Year Ended 31 July 2023
Tutbury Old School Community Association (TOSCA) Limited known as TOSCA Contents Reference and Athnirt15traLive Details Trustees, Report 2to3 Statement of Trustees. Responsibilities Independent Examinels Report Statement of Financial Activities Balance Sheet Notes to the Financtal Statements 8t09
Tutbury Old School Community Association (TOSCA) Limited l(nown as TOSCA Reference and Administrative Detail$ Trustee5 J Woodberry T Spencer Smith P Steadman C Acton Secretary J Taylor Principal Olet Tuibury Old S¢hool CornTnill Lane Tutbury Burton on Trenl Sraffoidshire DE13 9HA Registered Office 23 The Park Pale l-utbury Burton upon Trent Staffordshtre DE13 9LB The charity 15 Incorporated in England. Company Registration Number 07713867 Charity R¢gastr8tion Number 1143495 Independent Examiner K Jone5 Page I
Tutbury Old Sehool Community Association (TOSCA) Limited known as TOSCA Trustees, Report The trustees. who are directors for the purposes of company law, present the annual report together with the financial sthtements of the charitable company for the year ended 31 July 2023. Objective$ and activities Public ben¢Jli The object of the charity is to manage the building in order to provide a venue f(Trr community groups. Two of the main user5 are charities themselves. The trnstees confirni that they have cornplied with the requirements of Section 17 of the Charities Act 201 I to have due regard to the pllblic benefit guidance published by the Charity Commission for England and Wales. Structure• governance and manage¢ alure ofgoverning document The organisation is a charitable charity limited by guarantee. incorporaied on 21 July 2011 and registered with the Charity Commission as a registered ¢harity on 22 August 2011. The company was established under a Memorandum of Association, which established ihe objects and powers of the charitable company and ts gov¢rned under its Articles of Association. Reerimwii and appolnimenl of mislee5 The appoiyhted trustees are detsiled on page l. The Annual General Meeting ives the opportunity for trustees to retire from or join the organisation. The offices of Chair. Secretary and Treasurer are subject to nomination and election at the Annual General Meeting. New tntstees are given details of the governance and objectives of the charity Organisalionulslr4clure The Truste¢5 are responsible for the management of Tuibury Old School on a day io day basis. Meetings are held as and when requid in grder to Tnanage the building effectively. In addition, more informal communications are rnade between the Trustees on a regular b&sis to ensure the building meets the users. day to day need5. Page 2
Tutbury Old School Community As$o¢igtion (TOSCA) Limited known a5 TOSCA Tru$tees' Report Mthjor rlskn ttnd m&nogemenl ofihose risks GeKerf31 The Trustees have &sse5sed any siginificant risks to which the Charity may be exposed and have taken measures lo ¢nsure any potential risks are minimistd and have taken out insurance where possible. The onnual report was approved by the trnstees of the Charity on by-. and signed on its behalf J Woodbe Trustee Page 3
Tutbury Old School Community Association (TOSCA) Limited known as TOSCA Statement of Trustees, Responsibilities The trusiees (who are also the directors of Tutbury Old School Community Association {TOSCA} Limited for the purposes of company lawl are iesponsible for preparing the trustees, report and the financial statemenis in accordance with the ljnited Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulation5. Company law reqllire5 the trustees to prepare financial ststements for each financial year. Under company law the trustees musi not approve the financial siatements unless they are satlsfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including ils income and expenditure. for that period. In preparing these financial sraiemcnts, the tru5tces are required to.. select suithble accounting ptslt¢ies and apply them consistently; observe the methods and principles in the Charities SORP. make jttdgcments and estimates that are reasonable and prndent- stste whether app1cable UK Accounting Standards have been followed. subject to any maierial departures disclosed and explained in the financial ststements.. and prepare the financial staternents on the going concem basis unless it 15 inappropriate to presume that the charitable company will continue in business. The trusteeg are responsible for keeping adequate accounting records that are sufficient to Show and explain the charttable company's transactions and disclose with reasonable accurdcy at any ttme the financial position of the charitsble company and enable them to ensure ihat the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the asseis of the chatritable company and hence for taking reasonable step5 for the prevention and detection of fraud and other iTr¢gularitie5. Approved by the trustees of the eharity on ...... ......... . and signed on its behalf by: J Woodbe Trustee Page 4
Tutbury Old Sehool Community Association (foscA) Limited known as TOSCA Independent Examiner's Report to the trnstees of Tutbury Old School Community Association (foscA) Limited I report on the accounts of the Charity for the year ended 31 July 2023 which are set out on pages 6 to 9 . Respective responsibilities of trustees and examiner The trnstees (who are also the direcwrs olthe company for ihe purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 14412) ofihe Charities Act 2011 {the 201 l Aci) 4Lnd that an independent examination is needed. Having satisfied myself that the charity is not subjeci to audit under company law and is eligrble for independent examination, it is my responsibility to: examine the accounts under section 145 of the 2011 Act.. to lollow the procedures laid down in the general Directions gtven by the Chartty Commission under section 145(5Kbl of ihe 2011 Act- and to stste whether particular matters have come to my attention. Basis of independent exarniNer's report My examination carried out in accordance with the general Directions given by the Charity ComEnission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wirh those records. It alsg includes consideTation of any unusual iterns or di%closures in th¢ accounts and seeking explanat20ns from you as trus(ees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequetjtly opinion is given as to whether the a¢counts present a 'true and fair view, and the report is limited io those matters set out in the statement below. Independent ex*Iner'S statement In connertion with my examinaiion, no rnatter has come to my attention.. (l ) which gives me reasonable cause to believe that in any material respect the requir¢ments.' to keep accounting records in accordance with seetion 386 of the Companies Act 2006: and to prepare accounts which accord with the accounting records. comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principle5 of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met- or {2) to which, my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. K Jones Independent ExamiTter Date.. Page 5
Tutbury Old School Communlty Association (TOSCA) Limited known as TOSCA Statement of Financial Activities for the Year End¢d 31 July 2023 (Including Income and Expenditure Aceount and Statelnent of Total Recogni5ed Gains and Losses) Unrestriettd funds Totsl 2023 Note Income and Endowmenls from: DonatlOll5 and legacies Total income 43.986 Expendlture on: Raising fvnds 145,399 Total expenditure - (45,399 (45,399 Net expenditllre Net movement in funds (1,413) {1,4131 Reconciliation of funds Total funds brought forward 5,084 Total funds carried forward 3.671 Unrestricted funds Total 2022 Note Income and Endowments from". Donations and legacies 18.268 Total income 18,268 Expenditure on: Raising funds 19,355) 19.355 Total expendittlre 19355) Net Éncome .£1,087) 11.087 Net movement in funds 11,087) 11,087) Reconciliation offunds Total funds brought fonvard Total funds caied forward 5,084 All of the charity's activities derive from continuing operattons during ihe above two periods. The funds breakdown for 2023 is shown in note 6. The notes on pages 8 to 9 fomi an integral part of these financial statements. Page 6
Tutbury Old School Community Association (foscA) Limited known as TOSCA (Registration number: 07713867) B#l2nce Sheet as at 31 Juty 2023 2023 2022 Note Current assets Cash at bank and in hand 3,671 5.084 Fund5 of the charity: Unrestricted imeoJDe fuDds Unrestricted funds 3.671 5.084 Total funds 3.671 5.084 For the fiRellcial year ending 31 July 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The mernbers have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; ond The directors xknowledge their responsibilities for complying with the requiremenis of the Act with respect to accounting records and the prepardtion of accounts. These accounts have been prepared in accordance with the provisions appltcable to companies subject tv the small companies regime. The fJnan¢ial statements on pages 6 10 9 were approved by the trustees and authorised for i$5ue on and signed on their behalf by: J Taylor Company Secretsry The notes on pages 8 to 9 fom an integral part of these financial statements. Page 7
Tutbury Old School Community Association (TOSCA) Limited known as TOSCA Note5 to the Financial Statements for the Year Ended 31 July 2023 I Charily sts15 The charity is limited by share capital. ineorpordted in England. 2 Accounting policÉes Summary of sigtbificant accounting polieies and key 8ccounting estimates The principal aceouniing policies applied in the preparation of these financial ststements are Set out below. These polieies have been ¢onsi5tently applied to all the years presented, unless otherwise 5tsted. Statement of eompliaD<e The financial statements have been prepared in accordance with Accounting and Reporting by Charities-. Statemeni of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {effeciive l January 2015} - Ichariiies SORP (FRS 10211. the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 102). Th¢y a150 comply with the Cotnpanies Act 2006 and Charities Act 2011. Basi5 of prep#ratioD Tuibury Old School Community A550¢ialion ITOSCAI Limited meets the defjnition of a public benefit entity under FRS 102. Assers and liabilities are initially recogni5ed at historical cost or traRsaction value unless oth¢rwi5e siaied in the relevant accounting policy notes. The financial statements are presented in Sterling 1£) and rounded to the Trearest £1. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going coneem nor any significant areas of uncertainty that affect the canying value of assets held by th¢ charity. ExemptÈon from prepari% # cash flosv Staternent The charity upied to early adopt Bulletin I published on 2 February 2016 and have therefore not includ¢d a cash flow statement in these financial statements. Incotne and tndowment5 All income is reeognised once the charity bas entitlement to the income, it l5 probable that the income will be received and the amouTtt of the income receivable can be measured reliably. Expenditurt All expenditure is recognised once there is a legal or construciive obligation to that expendityre, it is probable settlemcnt is required and the amount can be tneasured reliably. All cost5 are allocatcd to the applicable expenditure heading that aggregate similar cgsts to that ¢aiegory. Where cost5 ¢annor be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the bagis of time spent. and depreciation charge5 allocated ¢)n the portion of the asset's us¢. Other support costs are alloCad bas¢d on the spread of staff costs. Page 8
Tutbury Old School Community Assoeigtion (TOSCA) Limited known 2$ TOSCA Notes to the Finaneial Statements for the Year Ended 31 July 2022 Taxation 'rhe charity is considered to pass the tests set out in Poragtaph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax PUTposes. Accordingly. the charity is potentially exempt from tsxation in respect of in¢oTne or capital gains received within categories covcred by Chapter 3 Part I l of the Co]poration Act 2010 or Seetion 256 of the TatIon of Chargeable Gains Aci 1992, to the exteRt that such income or gairts are applied exclusively to chariiable purFM)ses. Ca$h and e4sh equivalents Lash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid investments that are readily convenible to a known amount of cash and are subject to an in5ignificani risk of change in value. Fund strueture Unrestricted income funds are general funds that att available for use at the trustee5' discretiotj fvrtherdnce of the objectives of the charity. 3 Income from donations and legacles Unrestricted funds General Total funds Other income from donations and legacies Tot81 for 2023 43.986 43.986 Total for 2022 18,268 18,268 4 Taxation The charity is a registered charity and is therefore exempt from taxation. 5 Cash and cash equivglents 2023 21122 Cash at bank 3.671 5.084 6 Funds BAl8nce at August 2022 Incoming resources Re50ur¢es expended Balance at 31 July 2023 Unrestrieted funds Genernl 5,084 43.986 45,399 3,671 Page 9
Company registration number.. 07713867 Charity Fegistrdtion number.. 1143495 Tutbury Old School Community Association (TOSCA) Limited known as TOSCA (A company limited by share ¢apilal) Annual Report and Financial StateTnents for the Year Ended 31 July 2023
Tutbury Old School Community Association (TOSCA) Limited known as TOSCA Contents Reference and Athnirt15traLive Details Trustees, Report 2to3 Statement of Trustees. Responsibilities Independent Examinels Report Statement of Financial Activities Balance Sheet Notes to the Financtal Statements 8t09
Tutbury Old School Community Association (TOSCA) Limited l(nown as TOSCA Reference and Administrative Detail$ Trustee5 J Woodberry T Spencer Smith P Steadman C Acton Secretary J Taylor Principal Olet Tuibury Old S¢hool CornTnill Lane Tutbury Burton on Trenl Sraffoidshire DE13 9HA Registered Office 23 The Park Pale l-utbury Burton upon Trent Staffordshtre DE13 9LB The charity 15 Incorporated in England. Company Registration Number 07713867 Charity R¢gastr8tion Number 1143495 Independent Examiner K Jone5 Page I
Tutbury Old Sehool Community Association (TOSCA) Limited known as TOSCA Trustees, Report The trustees. who are directors for the purposes of company law, present the annual report together with the financial sthtements of the charitable company for the year ended 31 July 2023. Objective$ and activities Public ben¢Jli The object of the charity is to manage the building in order to provide a venue f(Trr community groups. Two of the main user5 are charities themselves. The trnstees confirni that they have cornplied with the requirements of Section 17 of the Charities Act 201 I to have due regard to the pllblic benefit guidance published by the Charity Commission for England and Wales. Structure• governance and manage¢ alure ofgoverning document The organisation is a charitable charity limited by guarantee. incorporaied on 21 July 2011 and registered with the Charity Commission as a registered ¢harity on 22 August 2011. The company was established under a Memorandum of Association, which established ihe objects and powers of the charitable company and ts gov¢rned under its Articles of Association. Reerimwii and appolnimenl of mislee5 The appoiyhted trustees are detsiled on page l. The Annual General Meeting ives the opportunity for trustees to retire from or join the organisation. The offices of Chair. Secretary and Treasurer are subject to nomination and election at the Annual General Meeting. New tntstees are given details of the governance and objectives of the charity Organisalionulslr4clure The Truste¢5 are responsible for the management of Tuibury Old School on a day io day basis. Meetings are held as and when requid in grder to Tnanage the building effectively. In addition, more informal communications are rnade between the Trustees on a regular b&sis to ensure the building meets the users. day to day need5. Page 2
Tutbury Old School Community As$o¢igtion (TOSCA) Limited known a5 TOSCA Tru$tees' Report Mthjor rlskn ttnd m&nogemenl ofihose risks GeKerf31 The Trustees have &sse5sed any siginificant risks to which the Charity may be exposed and have taken measures lo ¢nsure any potential risks are minimistd and have taken out insurance where possible. The onnual report was approved by the trnstees of the Charity on by-. and signed on its behalf J Woodbe Trustee Page 3
Tutbury Old School Community Association (TOSCA) Limited known as TOSCA Statement of Trustees, Responsibilities The trusiees (who are also the directors of Tutbury Old School Community Association {TOSCA} Limited for the purposes of company lawl are iesponsible for preparing the trustees, report and the financial statemenis in accordance with the ljnited Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulation5. Company law reqllire5 the trustees to prepare financial ststements for each financial year. Under company law the trustees musi not approve the financial siatements unless they are satlsfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including ils income and expenditure. for that period. In preparing these financial sraiemcnts, the tru5tces are required to.. select suithble accounting ptslt¢ies and apply them consistently; observe the methods and principles in the Charities SORP. make jttdgcments and estimates that are reasonable and prndent- stste whether app1cable UK Accounting Standards have been followed. subject to any maierial departures disclosed and explained in the financial ststements.. and prepare the financial staternents on the going concem basis unless it 15 inappropriate to presume that the charitable company will continue in business. The trusteeg are responsible for keeping adequate accounting records that are sufficient to Show and explain the charttable company's transactions and disclose with reasonable accurdcy at any ttme the financial position of the charitsble company and enable them to ensure ihat the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the asseis of the chatritable company and hence for taking reasonable step5 for the prevention and detection of fraud and other iTr¢gularitie5. Approved by the trustees of the eharity on ...... ......... . and signed on its behalf by: J Woodbe Trustee Page 4
Tutbury Old Sehool Community Association (foscA) Limited known as TOSCA Independent Examiner's Report to the trnstees of Tutbury Old School Community Association (foscA) Limited I report on the accounts of the Charity for the year ended 31 July 2023 which are set out on pages 6 to 9 . Respective responsibilities of trustees and examiner The trnstees (who are also the direcwrs olthe company for ihe purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 14412) ofihe Charities Act 2011 {the 201 l Aci) 4Lnd that an independent examination is needed. Having satisfied myself that the charity is not subjeci to audit under company law and is eligrble for independent examination, it is my responsibility to: examine the accounts under section 145 of the 2011 Act.. to lollow the procedures laid down in the general Directions gtven by the Chartty Commission under section 145(5Kbl of ihe 2011 Act- and to stste whether particular matters have come to my attention. Basis of independent exarniNer's report My examination carried out in accordance with the general Directions given by the Charity ComEnission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wirh those records. It alsg includes consideTation of any unusual iterns or di%closures in th¢ accounts and seeking explanat20ns from you as trus(ees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequetjtly opinion is given as to whether the a¢counts present a 'true and fair view, and the report is limited io those matters set out in the statement below. Independent ex*Iner'S statement In connertion with my examinaiion, no rnatter has come to my attention.. (l ) which gives me reasonable cause to believe that in any material respect the requir¢ments.' to keep accounting records in accordance with seetion 386 of the Companies Act 2006: and to prepare accounts which accord with the accounting records. comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principle5 of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met- or {2) to which, my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. K Jones Independent ExamiTter Date.. Page 5
Tutbury Old School Communlty Association (TOSCA) Limited known as TOSCA Statement of Financial Activities for the Year End¢d 31 July 2023 (Including Income and Expenditure Aceount and Statelnent of Total Recogni5ed Gains and Losses) Unrestriettd funds Totsl 2023 Note Income and Endowmenls from: DonatlOll5 and legacies Total income 43.986 Expendlture on: Raising fvnds 145,399 Total expenditure - (45,399 (45,399 Net expenditllre Net movement in funds (1,413) {1,4131 Reconciliation of funds Total funds brought forward 5,084 Total funds carried forward 3.671 Unrestricted funds Total 2022 Note Income and Endowments from". Donations and legacies 18.268 Total income 18,268 Expenditure on: Raising funds 19,355) 19.355 Total expendittlre 19355) Net Éncome .£1,087) 11.087 Net movement in funds 11,087) 11,087) Reconciliation offunds Total funds brought fonvard Total funds caied forward 5,084 All of the charity's activities derive from continuing operattons during ihe above two periods. The funds breakdown for 2023 is shown in note 6. The notes on pages 8 to 9 fomi an integral part of these financial statements. Page 6
Tutbury Old School Community Association (foscA) Limited known as TOSCA (Registration number: 07713867) B#l2nce Sheet as at 31 Juty 2023 2023 2022 Note Current assets Cash at bank and in hand 3,671 5.084 Fund5 of the charity: Unrestricted imeoJDe fuDds Unrestricted funds 3.671 5.084 Total funds 3.671 5.084 For the fiRellcial year ending 31 July 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The mernbers have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; ond The directors xknowledge their responsibilities for complying with the requiremenis of the Act with respect to accounting records and the prepardtion of accounts. These accounts have been prepared in accordance with the provisions appltcable to companies subject tv the small companies regime. The fJnan¢ial statements on pages 6 10 9 were approved by the trustees and authorised for i$5ue on and signed on their behalf by: J Taylor Company Secretsry The notes on pages 8 to 9 fom an integral part of these financial statements. Page 7
Tutbury Old School Community Association (TOSCA) Limited known as TOSCA Note5 to the Financial Statements for the Year Ended 31 July 2023 I Charily sts15 The charity is limited by share capital. ineorpordted in England. 2 Accounting policÉes Summary of sigtbificant accounting polieies and key 8ccounting estimates The principal aceouniing policies applied in the preparation of these financial ststements are Set out below. These polieies have been ¢onsi5tently applied to all the years presented, unless otherwise 5tsted. Statement of eompliaD<e The financial statements have been prepared in accordance with Accounting and Reporting by Charities-. Statemeni of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {effeciive l January 2015} - Ichariiies SORP (FRS 10211. the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 102). Th¢y a150 comply with the Cotnpanies Act 2006 and Charities Act 2011. Basi5 of prep#ratioD Tuibury Old School Community A550¢ialion ITOSCAI Limited meets the defjnition of a public benefit entity under FRS 102. Assers and liabilities are initially recogni5ed at historical cost or traRsaction value unless oth¢rwi5e siaied in the relevant accounting policy notes. The financial statements are presented in Sterling 1£) and rounded to the Trearest £1. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going coneem nor any significant areas of uncertainty that affect the canying value of assets held by th¢ charity. ExemptÈon from prepari% # cash flosv Staternent The charity upied to early adopt Bulletin I published on 2 February 2016 and have therefore not includ¢d a cash flow statement in these financial statements. Incotne and tndowment5 All income is reeognised once the charity bas entitlement to the income, it l5 probable that the income will be received and the amouTtt of the income receivable can be measured reliably. Expenditurt All expenditure is recognised once there is a legal or construciive obligation to that expendityre, it is probable settlemcnt is required and the amount can be tneasured reliably. All cost5 are allocatcd to the applicable expenditure heading that aggregate similar cgsts to that ¢aiegory. Where cost5 ¢annor be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the bagis of time spent. and depreciation charge5 allocated ¢)n the portion of the asset's us¢. Other support costs are alloCad bas¢d on the spread of staff costs. Page 8
Tutbury Old School Community Assoeigtion (TOSCA) Limited known 2$ TOSCA Notes to the Finaneial Statements for the Year Ended 31 July 2022 Taxation 'rhe charity is considered to pass the tests set out in Poragtaph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax PUTposes. Accordingly. the charity is potentially exempt from tsxation in respect of in¢oTne or capital gains received within categories covcred by Chapter 3 Part I l of the Co]poration Act 2010 or Seetion 256 of the TatIon of Chargeable Gains Aci 1992, to the exteRt that such income or gairts are applied exclusively to chariiable purFM)ses. Ca$h and e4sh equivalents Lash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid investments that are readily convenible to a known amount of cash and are subject to an in5ignificani risk of change in value. Fund strueture Unrestricted income funds are general funds that att available for use at the trustee5' discretiotj fvrtherdnce of the objectives of the charity. 3 Income from donations and legacles Unrestricted funds General Total funds Other income from donations and legacies Tot81 for 2023 43.986 43.986 Total for 2022 18,268 18,268 4 Taxation The charity is a registered charity and is therefore exempt from taxation. 5 Cash and cash equivglents 2023 21122 Cash at bank 3.671 5.084 6 Funds BAl8nce at August 2022 Incoming resources Re50ur¢es expended Balance at 31 July 2023 Unrestrieted funds Genernl 5,084 43.986 45,399 3,671 Page 9