EirfERPRISE FOR DEVELOPMEI ANMVAL RtPORT AND UNAIIDfTED FINANCIAL SfATEMENTS FOR THE YEAR ENDED 31ST DECEM8ER 2022 CHARfTY REGisfRATION 149: 1143851 COMPA14Y REGISTRATZOII No: 07740926 Independent Exarnlners Ltd Unit 2 The BrothltffidgÈ Business Centre Delling Lane Bosham P018 8NF
EIITERPRISE FOR DEVELOPMENT (A COMPANY Lii4rtED BY GLIARANTEE) CONTENTS Page 2 Legal and Admlnlsb7tlve Informatkjn Pages 3 to 6 Report of the Dlrectors Page 7 St•tement of Flnantitil Actlvltles Page 8 Balance Sheet Pages 9 to 13 Notes to ts FIna* Staternents Page 14 Page 15 Independent Examlrws Rewt to the TrsJsteeslDlrectors
ElfERpRIsE FOK DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR EPIDED 31 DECEMBER 2022 LEGAL AND ADMfNisfRATIVE ZNFORMAT1014 CHARrrY 14AME Enterprfse for Development CHARITY 14UMBER 1143851 COMPANY RÈGISTRAT1014 MUMBÈR 07740926 START OP FINAMCIAL YEAR 1st January 2022 END OF FINANCIAL YEAR 31# 1)ecember 2022 TRUSTEES THAT SERVED OVAING THE YEAR TO 31 DECEMBER 2022 (ALSO DIRECTORS UMOER COMPAMY LAW} Dr K Palmer Mr T Yapp Ms E Wllson Mr M Cooper Mr A Maccorm REGISTERED ADDRESS Peer House (cjo Agdevcol 8-14 Verulam street Ground Fbor WCIX 8LZ DATE OF JNCORPORAT1014 15th August 2011 GOVER141Nfj DOCUMEIIT Memorandum and Artldts of ASSOC0 BANKeRS Lh)yds Bank He INDEPENDENT EXAMINERS Independent Examlners Ltd Llnit 2 The Broadbrldge Centre Delling Lane Bosham P018 8NF
ENTERPRISE FOR DEVELOPMENT (A COMPANY LIMrrED BY GUARA14TEE) Introductlon The twstees present their report and finaal statements for the year ended 31 De£ember 2022. The financial statements have been prepared accordance 1th the accounting poliaes set ovt in note I to the finaTKial 5tstemersts and comply with the charity's articles of a550ciation, the Companies Act 2006 and "Accounting and Repotting by Chaaties.. Statement of Recommended Prartice appllcable to charities prepanng their accounts in accordance the Financial Reporbng Standard applable in the UK and Republic of Ireland IFRS 1021" {as amended for accountlng periods commencuw fmm i Janu 2016} Ob"eclives and actlvltles of the th• Enterprlse for Developmenvs objectlve Ss to contribute to ach5eving iwKlusi¥e onoMIC growth and elimination of povkn In low-income countrles by support6ng Afrlcan4ed bUneSseS thot aim to.. Achieve socialfy, nnancfjally and envlronmentally sustainablt outcomes and have potentlal to Kale. It achleves tts goals by.. Provldlng tsryeted grants to Support the publlc benefit cornsents of sustslnable enterprlses with the alm of 9eneratin sSgnifioni pro-poor benefits in low-lncome countrles,. Identify and highlight best practsse in thls area and pknre rneans of supportlng adoptSon of best practlce by other oroan15atlons In our focus COuneS.. Facllltate knowledge transfer and Irning about successful sooal eThterprlse models by cn9 Ilnks between enterprlses In low-lncome countrles wlth enterprlses that have achieved success elsewhe In the wodd.. Fund research to IAvesU9ate th• str•n91ts weaknesses, l)eneflts and costs of Innov•tlv• models of sustalnèble prlvate and social enterprlses,. Undertake suth other actlvitles as trustees consider from bme to rne ¥Uld contdbute to achlevlng our goal$. In strtvSng to athleve these objectlves, the thadty has consbjered the Charity Commissioners guidance on publlc beneflt and has pald due regard to its guklance In decldlng whlch actlvltles the tharlty should un¢Jertake. A¢N•vemonts and rtOrnc0 Durlng rhe year the trustees of Enterprlse for Development have approved.. • EID has bten a supporter of Jacarjnda ever nce the Inceptlon Ir¢ 2015 of lis not-for-proflt programme whlch alms to dellver high quality maternal and new born chlld care setvices to women and chIldn on kw incomes. The programme has been a great success both extendlng access lo over 2 mllllon mothers and securing co-finandNJ portnershlps with an Inueaslng number of countles. Jacaranda has now secured substsntbl fvnding to expand its proqrnmmes. To athleve Its objertives Jacaranda requlres fundlng to support growth of Its corporate capability, partiojlarty developiThJ the capacity to develop further portnership5 With Counties and its onllne healthcare platform. Since prograrnme funders are able to fvnd these acbvbts'es EID has agreed to co-fund thls capaelty buildingt • EID ha5 been a supporter of Penda Plealth for many years. thltlally by funding its Electronlc Medlcal Record system. Thls has proved an invaluable means of providing 81 time, Compthensive heth record5 that has enabled not only better heolthcare for patlents but also 15 now belng used ro help develop and iMpmt innovative preventabve pnmary healthcare servi5 for the benefft of bwer ncome and harder to reach popuiitK>ns in Kenya. EfD agreed in August 2022 a grant of £80,000 to develop and upgrade Penda's Clinical Decision Support System. already one of the mo# advanced in Africa thanks to earty EfD co-investment, to deliver the unique needs of telernedlne providing hSgh-quallty care at low cost. More than 90% of dinical encounters at Penda use COSS. ensurtng over 80% Complian with natsonal guidelines, double the countsy avernge. In January 2022, Penda launched Pigia Penda a telephone- based heatthcare delivery channel and the fastest grDWiThJ buslness segmenL brlnglng remote primary care to low-incom¢ communitie5. expanding access and lowertng costs to patients. EfD has been prowding ongoirvj sUPPOrt for TIST, The International Small Gmup Tree planting pro9ramme, Since 2015. TIST Is a smallholdèr-led, low cost. scble tree growlng programme woth actIVleS In Kenya, Uganda. Tanzania and India. The focus of EfD's support has been to develop partnership modejs aimed at further expanding the carbon sequestration, blodlverslty and livelihood benents of the Tisf approath:
EiifERPRISE FOR DEVELOPIIEY (A COMPANY LIMMD BY GiIARANTEE) Achlevements and rformance EfD is provldlng ongoing support to help Nature Lock e5tabli5h and ernbed a suStAInab and scalable buslness model. Natu Lock flghts food waste throuohout Kenya by preserving fresh prlUCe naturally and turns it into nutritious and affordable footls, redJclng food loss and cllmate footprint, while improving incomes for small xale farnilno communliies. EfD provid¢s occasK)nal commentary and advi to the senlor rnanagement but is not currently prOv1ng grant support. . Trustees a also corLsidwed a numbw of new Inltlatlves that may resu In fvn(Ilng supfv from Ent•rprbse for t)evelopment In the coming year. Vlnancl•l Revlaw The tharfty hos sub5tantlal reserves that wlll enab It to conttnue to provlde support to qualrfylng sodal and prlvate enterprises. The plan Is to make annual commitments al a level suffident to meet its expeThJibJre oblNJaknons for at least the next four year5. The board has from tlme to tlme dIsCus and assessed the major rlsks to whkh company Is exposed and consldered the safeguards that have been and can be implemented to mitsgate those risks. In aCoYdae with the Statement of Recommended Practlse for charftyes the tnjstees annually revlew and Upda the forn1 rfsk assessmenL a. Adeqvacy ol EfD Internal contrnls - EfD has In plate apprDPriate internal flnandal controls which the trustee5 conslder proportionate and aSOnable to its slze and complexily. and has deijlcated resources to ensurfng approprlate record keeping In respect of all financ+al transactlons. The trustee5 rtview the financial management and controts of EtD on a regular basls at trustee meetlngs. b. Grantee mlsconduct Indudlno C4)mplIae wlth grant t•ms and mtsuse or rnlsjppllcatlon of funds- EfD puts in place grant arrangements wlth each grantee spe£lfying the use of fvnds. undertakes due dlllgence on the grantees (ex antel and rnonltors the use of the fundln9 lex postl throu9h dialogue wth the 9rantees' preSentatiVeS and scrutlny ol the reporting OTh the use of the funds by the grantees. . Grantee capabllity to dellver EfD lurKled projects - EID undertakes exten51ve due dillgence on the grantees, capablllty to dellver the funded prolerts. EfD brfngs In apprgprtate trfhnkal expertlse as requlred. and Makes payment where appropdjte In tranches agaSnst perforniance In order to mStlgate the Sk5 of projert faIlu. Strnctur• Man •m•nt and Gov•manc• The tharlty 15 J reglstered charlty and company Ilmlted by guarnntee. It Is governed by Its memorandum and Articles of AssoCIaOn The trustees, who a also the directors for the purpose of company law, and serv&J during the year and up to the date of slgnature of the flnancial statements were: Dr K Palmer Mr T Yapp Mrs E Wilson Mr M Cooper Mr A Maccorma The trusteè5 are appolnted either at the company's AGM under the recommendatknn of the maJoty of members or in year by the Board, trustees appolnted by the &)ard retaln Offi untll the next AGM when they brne el1g1b for re-eleciion. When 3ppolnting newly elecied trustees, Entwprise for Development has a pollLry of induttion whlch Indudes ensulng that they are fully awjre of their responsibilities in relats.on to both Companies Htyjse and Charities ComMissn guldance and the charity's objettlve5. The charity's Cunt policy COnMIng the payment of rrnde rredltors Is to follow the CBI'S Prompt Payers Code {copie5 are available from the CBI, Centre Polnt, 103 New Oxford street, London WCIA IDUI. The charlty's current pollcy concernlry the payment of trade LTeiJitor5 15 to= . 5etUe the terms of p6yment with suppliers when agrEeing the terms of eath trawtion: ensure that suppllers are ma(Je aware of the terms of payment by ilUsIon of ts relevart ternis In conbBrts: and pay In accordance wlth the company's contt7rtual and other legal Ob1Jations.
Ep¥fEIU¥IUSE FOR DEVELOPMENT (A COMPAIIY LIMITED BY GUARA7EE) Tru5tees' Re5 n51bllllle5 The trustees, who are also the dlrectors of Enterprise for Development for the purpose of company law, are responsible for preparing the Trustees, Reptsrt and the financial ststements in accordantt WFth applicable law and United ngdorn Accounting Standards (United Klngdom GerallY Accepted Accounbng Prattl). Charlty law requlres us as Trustees to prepare flnandal stat&nents for eath actounb.ng year whlch give a true and fair view of the stste of the charity and of Its income arKI expenditure for year. Selett suitable aCCDunting poliaes and apply them consfisteny. Make Judgements and estlmates that a reasonable and prudent State whether the applicable ac£trJnknn9 Standard5 hJve been followwj, subjert to any material deparWres dlsdosed and explalned In the accounts. Prepare the financial Statements on a gokng conrn basis unless tt Is Inapproprlate to presume that the charity will conbnue in business. We are responsible for keeping adequate Kcounting records whith dlsdose with rea50nabk accuracy at any Ume the finandal posiuon of the company and enable us to ensure thar the flnanclèl ststements compty wlth the Companies Art 2006. We also have a rsponslblllty to safeguard the assets of tht thaTIty Jnd to take reasonabk steps to prevent fraud or any other Irregulartties. The trustees are olso respons1e lor the contents of the trusttts, report. and the responslblllty of the Independent examlner In relatlo to the trustee5' report is limited to examining the report and ensuring that. on the fa of ts pott there are no incon51stencle5 Wlth the figures dtscbsed ift the finanoal stements. These accounts hove been prepared Sn accordance with the provisions applicab to eompanl& subl*t to the small cornp?nles' re9lme. o¥•1 The trustees, report was approved by the Board of Trustett. Date.. Slgned.. Print Name: ...
ENTERPRISE FOR DEVELOPMEiir (A COMPANY UMrrED BY GUARANTEE) srATEMENT OF FINAIICIAL ACTI¥TfiES FOR THE YEAR ENDED 31 DECEMBER 2022 Unre5trl¢tsl Designated Restrfrtwj FuThts Funds Futhjs TOTAL 2022 TOTAL 2021 Notes Income Donoth?ns and legacits 125,000 Total Iffieom• Exp•ndltur• Expendlture on tharltable activit 100,881 100,681 118,433 Totsl Éxpendltur¢ Net Incomel¢xp¢nqlltur¢ bdore Investment galnsl(105se5) (100,881) 1100,881) 6,567 Net galnslllossesl on Investments tl•t Incom•l(•xp•ndltur•) {100.881) 1100,681) 6,567 Transfers between lun¢Js N•t mov•m•nt In fund• (100,8811 1100.8811 6.567 R•ton¢lll•tlon of fund•: Totsl Funds Brought Forward 627,814 627,814 621,247 Total Funds CDrrl•d Forward 526 933 526 933 627 814 Movements on all reserves and all wnlsed galns and losses are shown above. All of Ihe oryanlsatlon's operndons ar¢ dassed as contynulng. The statement of financlal actNits"es akn Compl with the requirements for an income and expenditure account under the Cornpanles Ati 2006. The notes on pages 8 to 12 forni part of statements.
EKfERPRISE FOR DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE) BALAIICE SHEET AS AT 31 DECEMBER ZOZ2 liwcompany no.Q7740926 Unrestrfjcted Des4gnated RestriLted 31-Dec-22 31-Dec-21 Funds Funds Funds Total Total Note xed Assets: Tanglble assets 436 436 558 Current Assets.. Debtor Cash at bank In hand Total Current Assets 567 378 $67.378 567 378 567 378 629 176 629 176 Credltors.. amounts falllng due wlthln one year (40.881) 140,881} 11,920} NET CURRENT AssErs 526.497 526,497 627.256 TOTAL ASSETS less current 11obilitles 526,933 526.933 627,814 Credltors.. amounts falllng due In more than onè year NET ASSErs Funds of the Charlty General Funds De&gnated Funds Restrtcted Funds 526.933 526,933 627,814 526,933 526,933 627,814 Total Funds 526.933 526,933 627,814 For the year ended 31st December 2022 the company was entitled to exemptlon from auijlt under sethon 477 of the Companles Act 2006 relatlng to small compantes. The members have not requlred the company to obtain an audit of its accounts for Ihe year in questlon In acCOr(lan wlth section 476 of the Companles Act 2006. The 1CtorS acknowledge thelr re5pon5ibility for comptyiwJ Tlth the requirements of the Act wth respett to accounting records and the preparavon of accounts. These accounts have been prepared In accordjnce wlth the proYlsl¢)ns applkab to tompanles sublett to the small companlès, regime. Approved by the Dlrertors on the ... Signed on thelr behalf by ... Prlnr Name: ..........
Ei¥fERPRISE FOR DEVELOPMENT (A COMPAMY LIMITED BY GUARANTEE) MOTes TO THE fXP4ANCIAL STATEMEi¥rs FOR THE YEAR ENDED 31 DECEMBER 2022 l. A¢counting polid•s (a) Bèsls of prepar•tson The principal accounbng policies adop1 judgements and key Tte$ of ertimatiDn untrrtabnty In ts preparatlon of the finanthl statements are as follows.. The accounts have been prepared In accordan wlth the provlslons In Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance vlith Accounting aj Reporting by Charsties.. Stalement of Recommended applicable to Charities preparlng thelr accounts Sn accordance wrth FRS 102 {effective l January 20191- Icharities SORP IFRS 1021) and the Charities Art 2011. Advantage has been tsken of 5ettion 396151 of The COmnIeS Act 2006 to olow the format of tt* finanaal stthments to be adapted to reflect the special natu of the charity's operation and in order to comply wrth the requirements of the SOkP. Enterprfse for Development meets the defInIon of a publlc benellt entity under FRS102. Assets and 1labtl1eS are InIallY re¢¢gnlsed )I hlsiorlcal cost unless otherwSse stated In Ihe relant accounting pollcy notes. The charlty has opted to prepare Its accounts uslng nattal (ategorles. Change• to ac£ountlng estlmate No chanqes to accountSno esmateS have ¢)ccurtd In the reDortlno Deriod M•terl•l prlor p¢rlod efrnt• •nd ¢h•n9e• to pr¢vlou• •ccount• No rnaterial prior period errors have been i¢Jentified in this accounbng perhryd and there have been no other than9es to previous accounts. Prep¥ratlon of •¢¢ounts on • golng concern b•fjl• Preparation of the accounts Is on a going concern basls. The Trustees are ol the view that ihe level of reserves wlll support the charlty 901ng forward. Crltltal aceountlng estlmates and Judgements In the applicallon of the charity's accounting policies. the trustees are required to moke judgements, e5tirnates and assurnptlons about the carrying amount of assets and liability.es that are not readity apparent from other sources. The estim)tes and a55(Kiated assumptions are based on hbstodcal eXperIen and other lJrtors thot are considered to be relevant. Aciual results may dlffer from ese estlmates. The estimates and underIn9 assumptlons are re¥lthYed on an ¢)ngolr4J basls. thIs1c to accounttn9 esMOteS are recognlsed In the perlod In whlch the esumate ss revlsed Whe the revi90n alle¢ts (lY that perityj, or In the perlod of the revlslon and future pedods where the revi51on affects both ajeTht and future periods. Assets and Ilabllltt&s are Inltlamy recognlsed at historical cost or trnnSli0n value otherwlse ststed In the leVant accountlng pollcy notes. b) Income Inmme Is Induded In the Statement of AnancbJl ISOFAI v4hen: . the chaHty becomes entyued to the Income,. It is more Ilkely than nol that the imstee5 will receive the re50urcts- and the monetary value can be mèasurtd with suffiuènt reliability. c) Int•r¢st rnc¢lv•blo Interest on funds held on deposlt Is Induded when reIpt Is probable and the amount ran be measured rellably by the charfty; thls is normally upon noUflcati¢)n of the interest paK1 or payable by the Bank. d) Grants, Donatlons and Legades Grants and donations are only included In the SOFA when the general Incorne TnIt)n utteria are met15.10 to 5.12 FRS 102 SORPI. Cash donation5 ore recognised ¢Jn rete¥pt. Other d(maboiis are Tecognised the tharity has been notified of the donats"on, unless performance condltions require deferral of the amount. Legaue5 are recognised on recelpt or othen¥tse W the charfty has been nothled rrf an ImpendlThJ dlstrft)udon. the amouTrt Is known, and recelpt Is expecte(l. If the amount s not kN)wn, the legacy Is treated as a contirwjent asset.
EKfERPIUSE FOR DEVELOPMENT (A COMPANY LIMZTED BY GuARA?EE) 140TES TO THE FJNAIICIAL STATEMENTS (continued) FOR THE YEAR ENOED 31 DECEMBER 2022 e) T•x Re¢l•lm$ on Donatlons and Glfts Glft Aid receSvable Is Included In Income when there a valid declaration from the donor. Any Glft Ald arnount recovered on a donauon s consIde to be part of that gift and is treate¢J a5 an add.0 to the Same fun(J as the initial donatton unless the donor or the ternis of the appeal have specified othetwise. IOme tax rectsvewable in relation to donatkjns receIV under Aid or deeds of covenant Is recognised at the tilne of the donation. f) Government Grnnts The charity has not received government 9rnrts in reportifig pericJ. g) Fund accountlng unstrICted funds are avallable to spend on actlvtts.es that fvrther any purposes of the ttwrtty. Deslgnated funds are unrestrlrted funtls of the charlty whlch the tnJstees have decided at their dis(Yetion to set aslde to use lor a speclfic purpose. Restricted ffjnds are donations wh¢th the donor has specifd are to be solely usell for partiCLtlar areas of the charity's work or for specific projects being undertaken by the charity. Further explanation of the nature and purpose of eath fvnd is Induded In the notes to the finanool statements. h} Expendlture Expenditure 15 accourted for on Jn Jccnjals bjsls and h05 been djssllled under headlngs that aggregate all cost related to the caiegory. Where costs cannot be dlrectly to parricular headlngs they have been alk>caied to acLlvlUe5 on a ba51s conslstent wlth the use of $OUrCes. Grnnts offered subjert to c(xx1ilitsns have rnt been met at the year end date are noted as a comm4tment but not actrued as expendlture. l) Offs¢ttlng There has been no offsettlng of 055ets ond Uabllltle5. or Irom and expenss, lesS rnjulred or permltted by the FRS 102 SORP or FRS 102. J) Tanglble fixed •ffj•ots Tangible fixed assets are stated at cost less depreciation. Assets tostirtg less than £2,OIX) a written off in the year of purchase. Depreclatlon Is provlded at the followlng annual rates in order to vthte off eath osset over its e5tlmated useful Ilfe )s follows.. Cornputers 20% stralght Ilne k) Op•rallng lea•e• Rental thorges payable under operntln9 leases a charyed on a stral9ht Ilne basls over the terms of the lease. l) Tax•tlon The charlty 1$ exempt from tax on rts ch•rit•ble )ctivits. m) Leg•1 sta# of the tharfty The charlty Is a company 1Smlted by grotee and ha5 rn slwre capltal. In the event of the charlty belng wound up, the Ilablllty In resp¥t of the guante Is Ilmlted to £10 per member of the tharity. n) R•dund•ncy paymtnts The charlty made no redundancy payments durtng the perlod. o) P•n#lon The tharlty operatss a denned contribuvon penslon 5theme for cwtaln empe¢s. Pen4ors contrlbutyons ¥re charged to the Statement of Flnandal Acdvltles as they fall due for payment. p) Oebtors Debtor5 lindudlng trade debtoys and loars rKdvable} are measured on InbV recognltyon at setriemenr amount after any trade dlscounts or amount advanc1 by the charity. Subsecwentty. they a measured at the cash or other consideration expected to be recelved. q) Credltors The charity has cTrditors whith are measured at Settrnent a¥tMJunts le55 any trade d15cLnts. r) Cash and tash equlvaleThts Cash and cash equlvalents indude cash in hand. dewsits held at call with banks, other short-tem liquid investrnents with Original maturities of three months or kn. aTrJ bank overdrafts. 86nk overdraft5 are shown within borrowings ift current liabilities.
ENTERPRISE FOR DEVELOPMEKr (A COVIPANY UMTTED BY GUARANTEE) MOTES TO THE FINANCIAL STATEMENTS (ojntinued) FOR THE YEAR ENDED 31 DECEMBER 2022 2. INCOME ilnrestricted Deslgnate¢f Restrfrted Funds Funds Funds TOTAL 2022 TOTAL 2021 a) Donatlons and le9acks GKts & donations Gift Aid tax recoverable loo.000 25,000 125 000 3. EXPENDITURE Unrestrtct*J gna Restrlctet1 Fun<ls Funds Funds TOTAL 2022 TOTAL 2021 al Expendlture on charltsble aciivllleg Salarles and staff costs Travel and sub5isience IT and Eouipmert Oepreclation of fixed assets Grants payable io 16,835 1.461 1.038 122 80.000 16,835 1,461 1,038 122 80,000 14,982 948 51 loo,000 a) l) Governan costs Prfntlng, postage and statlonery Bank charyes 988 151 286 2,109 98 245 151 286 100 881 100 881 IIB 433 InSttrts Int11vlduals 2022 2021 Institutlons- Penda Health 80,000 80,000 loo,000 loo 000 The grants payètrAe to Penda Health to bulhl out Penda's atntal Dedsi(m Support Services ICDSSI to strengtt)en telemedlclne outreach to remrte aa5 Whe access to primary healthcare vICe is difficult to access for those on low Incomes. 2022 2021 a) 111 Analysis of governance costs IntJepenJent examlner's fees for reportlng on the attounts AdlusLment for over-accrual ol Lndepwmknt Examiners Fee5 in 2021 Legal and professlonal costs 750 11201 358 1,800 309 988 io
ENTERPIUSE FOR DEVELOPMEr (A COMPANY LIMITED BY GUARANTEE) 140TES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 4. TANGIBLE FtXED ASSErs Compute Total Cost Addluons DlsposaEs Cost at 01-Ja22 609 609 31-Dec-22 609 609 DepchaON Charge Dlsposals Depreciatlon at 01-Jan-22 51 122 122 31-Dec-22 173 173 Net 8ook Value Net Book Value 31-Dec-22 31-Dec-21 436 558 436 558 operan9 leases and capltal commltmerts.. There are no capltsl Commments endlng over 12 months after the balance sheet date. 5. DEBTORS ANO PREPAYMENTS The thadty dld Tr)t have any debtors or prepayrnents at thè end of thls or the prevlous final year. 6. CASH AT BANK AND IN HAND Unrestdcted Restricted Fund Fund Total Total 31-Dec-22 31-Dec-21 Current •c¢¢unts 567.378 567,378 629,176 567 378 567 378 629 176 7. CREDITORS AND ACCRUALS.. AMOUNTS FALUNG DUE wmiIN ONE Y&4R Unrestricted Restrictsd Fund Fund Totè Total 31-Dec-22 31-Dec-21 Accruals HMRC PAYE an¢J NX NEST pension Pledged graTht funding 750 750 66 65 40,000 1,920 65 40,0(hl 8. DESIGNATED FUNDS The tharity did not hokl any designated funds during this or the previous financial year. 9. RESTRicfED FUNDS The charity not hold any restrlcted funds during this ty pm11 finatKMII year. li
ENTERPRISE FOR DEveLOPMEf4T (A COMPA14Y UMTfED BY GUARA14TEE) MOTES TO THE FIMA14CIAL STATEMENTS (cwtsnued) FOR THE YEAR ENDED 31 DECEMBER 2022 10. ANALYSJS OF STAFF COSTS, TRUSTEE REMUNEiATION AND EXPENSES AND ThE COST OF KEY MANAGEME[ PERSONNEL 2022 2021 Gross Wages and salaes Employees National Insurance Costs (net of employers annual allowan) Employer'5 Pensv)n Costs Prior year net pay - paid thls year 15,417 14.785 27S 1,143 197 The monthly average of employed staff was l. Starr are pald throLbJh the PAYE Sy. No employees recelved emoluments In excess of £60.00012021: nil) The key managernent personnel of the charity comprise the Trustees. No Trustees recelved remunerayon. Therefore the totsl employee beneflts (Sndudlng employer tIonal InWran employer penslon (Ctr)UtIOnS an(1 self employed peksonnell of the key management personnel of the charity was £0. ThÈ chadty offers a workplxt penslon scheme enrolled all ellglble employees. Employer eontrfbudons havè bÈÈrt budgeted for arKI £275 of contrlbuyons We pa on behalf of l empk¢yee durlng 2022 in accordan with legislation. 11. TRUSTEES ANO OThER RELATED PARTIES 2022 2021 None pald None pald No payments were made to trustees or any persons connected wth them dyring thls flnanclal perl¢xl other than the relmbursement of meetlng refreshrnents costs Inrred and relmbursement of expendibjre incurred on behalF of ihe charlty. No material transaction took place between the organlsatlon and a trustrÈ or afty pÈrson tonnetted wh them. 12. RISK ASSESSME14T The trustees actlvely revlew the major rlsks whlLth th8 carlty faces on a rogular basls and belleve that maintalnlng the free reserves Stated, combined with the annual revlew of the controls over key financial systems carried out on an annual basks will provlde sufficient resLxJrces in the event of aL1verse condrf<ions. The trLtstee5 have also examined other operat)nol and business nsks whlch they face and confirm that they have established systems to rnlgate the significant risks. 13. RESERVES POUCY The trustees have considered the level of reserves they wish to retsin. approprlate to the chadty's needs. This is based on the tharity's slze and the level of flnanclal cornm1ents held. The trustees alm to ensure the tharity will be able to continue to fulftl its charitsble objectives even if the is a temporary slKbrtfall in incorne or unexpected expenditure. The trustees will endeavour not to set aslde funds UnrEs5arIty. The general reserves policy is found on paJe 4 of these financial statements. 14. PUBLIC BENEF Thè charity acknowledges Its requirement to demonstrate deady that it must have charitable purposes or'aims, that are for the public benefit. Detai15 of how the charity has hIeved this are provi(led in the Trustee5 report The trustee5 confim that they have paid due regard to the Charity Commlsslon guanCe on Publ benefit befo dechJln9 what actlvldes the charfty should undertake. Iz
EMTERPRISE FOR DEVELOPMENT (A COMPANY LIMrtED BY GUARANTEE) CASH FLOW STATEME14T POR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 C•sh uMd ID op•rntln9 aetl¥iti86 {a) C•h used from investing acthrltles Intsrest Income Purchase of tanglble fixed assets 16091 Cah pro¥lOed by (used In) Inv••tlng actlvlti 609 C4sh flows fnmn flnan¢lng Xtlvlll Introdurtlon/lRepaymentl ol long tem) borrowlng Cash u•d In flnandry artlvltles Increaselldecrease) In tash a¥M1 cash equivalents In the year Cash and cash equfvalents at ttr start of the year 629.176 656,167 TOTAL c••h •nd u•h ¢qyl¥•l•nts •t th• •nd of th• y••r (b) 567 378 {•) R¢¢ondllatlon of net mov•m•nt In fvndj to net a•h flow from operatlng •rtl¥llle• 2022 2021 Net movement In funds Add back depclaton (harge Deduct interest income shown In InvesVng activities Decrease/(increasel in debtors InCase/1decase} in creditors (100,881) 122 6,567 51 38.961 (33,01)01 Il¢t co$h umd In operntlng artlvltl (b} Analys1# of cMh and &)h equlval•nts 2022 2021 Cash at bank and In hand 567.378 629.176 Totsl cash and equlvalents 567 378 629 176 13