REGISTERED CHARITY NUMBER: 1145023
CLIMBING OUT
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
CLIMBING OUT
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 to 9 |
| Independent Examiner's Report | 10 |
| Statement of Financial Activities | 11 |
| Statement of Financial Position | 12 |
| Notes to the Financial Statements | 13 to 18 |
| Detailed Statement of Financial Activities | 19 to 20 |
CLIMBING OUT
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022
TRUSTEES J Redmond M James (resigned 3.9.22) S Shepherd (resigned 7.9.22) J Edwards (resigned 14.3.22) C Felton G Aston S Collins D Hughes-Beddows (resigned 7.3.23) L C Howard (appointed 3.11.22) PRINCIPAL ADDRESS 21 Aston Pigott Westbury Shrewsbury SY5 9HH REGISTERED CHARITY 1145023 NUMBER INDEPENDENT EXAMINER TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED CHIEF EXECUTIVE Kelda Wood
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement 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 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity, as set out in the governing document are:
To advance and assist with the mental recovery of individuals in the UK who are in need of support as a result of their experience of mental or physical trauma.
To improve their expectations of life following the impact of their traumatic experiences, through:
a) the provision of recreational and outdoor activities of appropriate levels of challenge with the aim of rebuilding self-confidence;
b) the provision of personal development coaching with the aim of providing tools for self-reliance, development, motivation and self esteem; and
c) the provision of opportunities to develop social networks with individuals who have faced similar challenges so they can build a network of long-term friendship and support.
The aim of Climbing Out is to rebuild confidence and self-esteem in people facing life changing injury, illness or trauma through using outdoor activities and coaching as tools for personal development and growth. Long term support, friendship and development is then available through the Climbing Out Club.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
OBJECTIVES AND ACTIVITIES
Significant activities
Climbing Out runs 5-day residential Programmes aimed at rebuilding confidence and self-esteem in people facing life changing injury, illness or trauma.
The plan for 2022 was to run eight programmes, including a level 2 expedition Programme in North Wales; a series of monthly Walk and Talk Days; our Covid delayed 10th Anniversary Ball; and a fundraising hike.
The activities on the 5-day residential Programmes followed a similar format to previous years, offering a wide range of activities. All activities are adapted to meet the needs and capabilities of the group and individual.
The personal development sessions continued to run throughout the week, at the start and end of each day, and through coaching conversations that take place throughout the day's activities where appropriate. The sessions aim to help participants to understand their thoughts, feelings and behaviours and to provide them with the tools to help them manage these areas more effectively in life outside of the 5-day Programme.
Evening activities taking place included an inspirational talk, quiz and BBQ, as well as a chance to try an expedition meal of freeze-dried food as a demonstration of how easy it can be to carry provisions for mini expeditions. The aim of the evening activities is to create the opportunity for the participants to engage socially with other people who have been through similar challenges, as many have become detached from their peer groups following treatment.
The combination of outdoor activities, personal development session, teamwork, camaraderie, fresh air, one to one support, banter and mental resilience tools lead to an outstanding and life changing week.
There were almost 100 participants in the Programmes which supported the police, fire and ambulance service, members of the NHS and the military as well as working with individuals facing challenges such as bereavement, abuse, bullying, visual impairments, cancer, acquired disability and PTSD.
In July a Level 2 programme in North Wales was run. The Level 2 programmes aim to give participants an increased level of challenge and responsibility. Over the 5 days we tackled as many of the Welsh 3000m peaks as we could, including a sunrise summit of Tryfan. Each participant was also asked to do a short presentation about something linked to mental wellbeing that had helped them in their own recovery. It was incredible to see individuals learning from each other and sharing their own tools.
The Climbing Out Club began to increase activity following the lull caused by Covid, with some past participants organising their own walks and inviting Club members to join them. The closed Facebook has been a place for past participants to continue to support each other. This year's Fund-Raising Hike took place along Hadrian's Wall and was supported by many previous participants, giving them the opportunity to meet up and build bonds.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
ACHIEVEMENT AND PERFORMANCE Main achievements during 2022 Covid Adaptations which we have carried forward
The podcasts and videos that were developed during Covid to support people with explanations about the mental resilience tools taught on the Programmes have been retained and added to our website, so that they are freely available to anyone. They have proved useful both in providing a taster of Climbing Out's approach and also a reminder for past participants. We also find that participants share them with friends or family as a way of deepening understanding in those supporting them.
Summary of our main achievements during 2022
Core Activities
Seven core Programmes
One Level 2 Programme
A programme of 12 Walk and Talk Days were run, starting in January and going right through to December.
The Climbing Out Club continued to support each other
The annual Fund-Raising Hike was held on Hadrian's Wall and was supported by about 40 participants, raising over £3,000.
Charity Ball and Awards in May. This event was well attended with almost 200 guests. The individual stories of Award winners were shared and celebrated, making for a powerful and uplifting event. Funds of almost £6,000 were raised.
After piloting it in 2018, we have continued to use the structure of signposting individuals to the relevant counselling or therapy. Climbing Out has established a team of coaches and funds between 4 and 8 sessions for relevant individuals.
Significantly developing our network of partner organisations, including further establishing links with the Emergency Services and the Armed Forces Community
Research Project with Shrewsbury and Chester University - The long-term research project looking at the impact of the 5-day programmes has continued throughout 2022. The impact of these findings will enable us to evidence just how much impact the 5-day programmes are having and will as a result will hopefully lead onto accessing additional funding and support from further partner organisations.
Growing financial stability
Development of the part time admin position
Funding
Funding was successfully secured for all the services that Climbing Out was able to run this year through a number of grant making organisations including funding of £5k and above from The 4814 Trust, The IGY Foundation, The Nagle Family CT, St James Place Foundation, The Prudence Trust and Team Army.
£196,180 was raised through funding letters to trusts and foundations.
The annual Fundraising Hike raised £8,550 before expenditure.
A Charity Ball and Awards was held in May 2022, raising £14,451 before expenditure.
Funds have also continued to be raised for Climbing Out through independent fundraising and small donations, totalling £10,039 in 2022.
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CLIMBING OUT
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
Governance and Structure
The Board of Trustees established in 2018 has continued to work well together over 2022, sharing areas of expertise and supporting Climbing Out with individual strengths. Three Trustees stepped down in 2022 due to other commitments, and one new Trustee was appointed. An additional Trustee stepped down in March 2023.
The part time administrator appointed in 2019 has continued to successfully support the Charity Manager, with hours worked as needed and maintained at a maximum of 15 per week.
Accounts
Hollies Bookkeeping continue to successfully manage our accounts and keep all details on a Cloud accounting system.
TCA Accountants prepare our statutory accounts and undertake our Independent Examination.
Climbing Out Club
Members continue to support each other, and lifelong friendships are being developed.
We continue to see a large amount of interaction between past participants through the closed Climbing Out Club Facebook group. This helps to maintain the strong network of friendship and peer support which plays a vital part in the continued recovery and growth of our participants. Members have organised their own walks and shared an open invitation to other members. Members have also organised their own fundraising events.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW
Financial review
Funds raised by the charity are used to pay the running costs and provision of the programmes. All funds are held in Bank Accounts with HSBC Bank in the name of Climbing Out. We have no funds in deficit.
The charity's principal source of funds:
Funding Bids - £196,180 was generated through funding bids in 2021 and through letters sent to trusts and foundations asking for donations.
£41,000 of which was from grant making organisations that have offered long term support to Climbing Out
Individual fundraising/Just Giving - £10,039 was raised by individual fundraisers and Just Giving
£8,550 was raised by the annual Fund-Raising Hike
Key expenditure and how this has supported the objectives of the charity:
Funds raised by the charity are used to pay the running costs and provision of the programmes and Walk and Talk days.
A total of £126,050 has been spent on programme delivery in 2022.
Other expenditure includes logistical running costs of the charity including accounting, bid writing, staff salary and PR.
How this has supported the objectives of the charity:
The key objective of the charity is to deliver our 5-day programmes. At a cost of £126,050 in relation to our total expenditure of £180,047, 70% of our expenditure has been used to achieve this. This includes the logistical planning and preparation associated with enabling the programme to happen.
The remaining 30% of expenditure has been used for the running costs and development of the charity, without which Climbing Out would not continue to function, grow and ultimately be in a position to support a growing number of people.
Reserves policy
Climbing Out Reserves policy aims to ensure our work is protected from the risk of disruption at short notice to a lack of funds, whilst at the same time ensuring we do not retain funds for longer than required.
The reserves policy takes into account the overall sustainability of the charity and the underlying aim is to retain sufficient funds in reserve to allow the charity to continue to operate for at least 6 months, running a minimum of 2 programmes.
In addition, and due to the timing of our programmes, our aim is to ensure that we hold at least 12 months running costs by the year end date. At 31st December 2022 which was estimated at £215,000, based on expected costs to run 9 planned programmes and to ensure no significant disruption to our charitable activities.
Our reserves policy is monitored and reviewed on an ongoing basis.
The free reserves of the charity at the year end, calculated as the unrestricted fund less designated funds and tangible fixed assets were £36,993 (2021: £61,416).
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
FUTURE PLANS Plans for 2023:
7 core Programmes planned throughout the year, starting in March.
A Level 2 Programme in the Lake District for past participants.
An expedition Programme Wilderness Canoeing in Sweden for past participants.
One core programme will be held at Duke's Barn in the Peak District where we can accommodation participants requiring greater physical support.
One programme will cater predominantly for the emergency services, NHS and armed Forces.
We plan to continue Walk and Talk days - groups will be meeting at venues in Shropshire, Wales and The Peak District and heading out for a day's walking with an instructor leading the walk. Members of the Climbing Out team will be there too to offer personal development conversations for anyone that needs a bit of support or guidance. But the most important thing is we'll be getting active, having fun and will have the chance to meet and chat with others.
Other
We continue to have a part time admin role of up to 15 hours per week to help support the logistical running of Climbing Out. The role now includes management of administration, funding and finance.
The use of volunteers on Programmes has been discontinued as it was not found to be beneficial.
The freelance position providing support and technical advice to the CEO in return for a monthly retainer fee continues.
A budget has again been set aside to provide for follow up counselling/coaching with external providers for participants who need this, within a controlled budget.
Plans to continue the benefits to Climbing Out stemming from Kelda's Atlantic row by:
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Developing and launching a feature documentary based around the Atlantic row. This will be used as an inspirational and motivational resource for Climbing Out.
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Further talks delivered by Kelda sharing her story.
PR and social media management continues to be outsourced for a monthly fee and due to positive results this will continue into 2023. This now provided by a freelancer on a more cost-effective basis.
Governance and Structure
We will continue to develop the roles and responsibilities of the trustees creating a stronger foundation for the charity.
We aim to offer governance training for all our trustees.
We will continue to identify the roles required for Climbing Out to function successfully and to recruit people for these various roles.
Working with service providers to help manage our governance and structure, especially focusing on policies, procedures and other aspects of HR.
Accounts
Financial reports - the administrator is taking on responsibility for making financial reports to the Trustees at their meetings.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
Annual budgeting - An annual budgeting meeting will be held to plan the budget for the forthcoming year. A budget for 2023 has now been put in place. The meeting will be held in March, so we have time to prepare and raise the required finances for the forthcoming year. This will create financial security for Climbing Out reducing any chance of overspending.
We will continue to use an accountant to do our end of year accounts. Hollies bookkeeping will continue to record the day-to-day finances and TCA Accountants will be used to prepare and Independently Examine our year end accounts.
Account one and account two - Two bank accounts are still in place. Account One will continue to be used solely as a programme account to manage all finances connected to the 5-day programmes. Account Two will be used to manage all money not connected to programmes and include running costs.
We plan to research and open a separate, interest paying account in which to deposit reserves set aside for emergencies.
Funding and Fundraising
Funding Applications - We will continue to make applications to both repeat funders and new funders throughout the year to ensure a steady flow of funds both for the coming year and then for use in 2024.
We have developed relationships with further Forces funders to broaden what we can offer to veterans and serving personnel.
We also successfully secured £25,000 per annum for the foreseeable future through the IGY Foundation to fund staff costs. Both parties are keen to develop a long-term relationship to ensure the sustainability of Climbing Out
Previous participants will be fundraising through the Level 2 and expedition Programmes.
We continue to develop long term relationships with funding bodies bringing us in a sustainable annual income.
A Fund-raising Hike is planned in the Lake District for 2023.
Climbing Out Club
The Climbing Out Club will continue to organise social events, fundraising activities and training and development opportunities.
The Climbing Out Club continues to offer long term support and guidance to any member.
The club continues to provide a network of friendship and support for members with other members, creating long term sustainability of the impact of the 5-day programmes.
The introduction of Level two and expedition Programmes to support the continued growth and development of members.
We have begun developing a group of 'Ambassadors' from past participants, both to give them opportunities for personal growth and to increase our reach to future participants.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Climbing Out is a registered charity and is governed by it's constitution dated 2 November 2011, as amended on 9th November 2021.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by: 25/5/23
................................................................. J Redmond - Trustee
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NDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLIMBING OUT Independent oxamlnerfs report to the Irustees of Climbing Out I report lo the charty trustee8 on my examination of the accounts of Climbing Out Ithe Trust) for the year ended 31 December2022. Responsibllltles and basis of report As the charity trustees of the Trust yOLt are responsible for the preparation of the accounts in accordance wf(h the requirements of the Charities Act 2011 I'the Acl'l. I report in respect of my examination of the Tru51's accounts carried out undef Section 145 of the Act and in tarrying out my examination I have lollowed all applKable Directions given by the Charty CommissKJn under Section 1451511bl of the Act. Independent •xamlner's statement I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause tts believe that in any material respect.. accounting record5 were not kept in respect of the Tru51 as required by Section 130 of the Act.. or the accounts do not accerd with those records., or the accounts do not comply with the aPpIable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with tho examination lo which attention should be drawn in this report in order lo enable a proper under81at)ding of thè accounts lo bè reached. C Mo•hw-William8, BS¢ FCA TCA IShr8wsburyl LLP Third Floor 21 Sl Mary's Street Shrewsbury Shropshire SY11ED Dale.. Page 10
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 106,305 Other trading activities 3 14,451 Total 120,756 EXPENDITURE ON Raising funds 18,227 Charitable activities 4 General 82,574 Total 100,801 NET INCOME 19,955 RECONCILIATION OF FUNDS Total funds brought forward 90,666 TOTAL FUNDS CARRIED FORWARD 110,621 |
Restricted fund £ 112,325 - 112,325 - 79,246 79,246 33,079 122,599 155,678 |
2022 Total funds £ 218,630 14,451 233,081 18,227 161,820 180,047 53,034 213,265 266,299 |
2021 Total funds £ 220,070 - 220,070 5,856 130,244 136,100 83,970 129,295 213,265 |
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CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 14,328 CURRENT ASSETS Debtors 8 9,420 Cash at bank 94,099 103,519 CREDITORS Amounts falling due within one year 9 (7,226) NET CURRENT ASSETS 96,293 TOTAL ASSETS LESS CURRENT LIABILITIES 110,621 NET ASSETS 110,621 FUNDS 10 Unrestricted funds: General fund Designated fund Restricted funds TOTAL FUNDS |
Restricted fund £ - - 155,678 155,678 - 155,678 155,678 155,678 |
2022 Total funds £ 14,328 9,420 249,777 259,197 (7,226) 251,971 266,299 266,299 51,299 59,322 110,621 155,678 266,299 |
2021 Total funds £ 7,870 18,649 194,569 213,218 (7,823) 205,395 213,265 213,265 69,265 21,401 90,666 122,599 213,265 |
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The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 25/5/23
............................................. J Redmond - Trustee
The notes form part of these financial statements
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement 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 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirements of Section 7 Statement of Cash Flows;
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the requirement of paragraph 3.17(d);
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
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the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
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the requirement of paragraph 33.7.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
2. DONATIONS AND LEGACIES
| Donations and legacies 3. OTHER TRADING ACTIVITIES Charity ball income 4. CHARITABLE ACTIVITIES COSTS Direct Costs £ General 126,050 |
2022 £ 218,630 2022 £ 14,451 Support costs £ 35,770 |
2021 £ 220,070 2021 £ - Totals £ 161,820 |
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5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 99,320 EXPENDITURE ON Raising funds 5,856 Charitable activities General 62,489 Total 68,345 NET INCOME 30,975 RECONCILIATION OF FUNDS Total funds brought forward 59,691 TOTAL FUNDS CARRIED FORWARD 90,666 |
Restricted fund £ 120,750 - 67,755 67,755 52,995 69,604 122,599 |
Total funds £ 220,070 5,856 130,244 136,100 83,970 129,295 213,265 |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
7. TANGIBLE FIXED ASSETS
| Fixtures and Computer fittings equipment £ £ COST At 1 January 2022 10,410 1,667 Additions 7,425 1,704 At 31 December 2022 17,835 3,371 DEPRECIATION At 1 January 2022 3,200 1,007 Charge for year 1,773 898 At 31 December 2022 4,973 1,905 NET BOOK VALUE At 31 December 2022 12,862 1,466 At 31 December 2021 7,210 660 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Other debtors 4,250 Prepayments 5,170 9,420 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Social security and other taxes 1,213 Other creditors 237 Accruals and deferred income 5,776 7,226 |
Totals £ 12,077 9,129 21,206 4,207 2,671 6,878 14,328 7,870 2021 £ 4,850 13,799 18,649 2021 £ 1,120 258 6,445 7,823 |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. MOVEMENT IN FUNDS
| Net movement At 1.1.22 in funds £ £ Unrestricted funds General fund 69,265 19,955 Designated fund 21,401 - 90,666 19,955 Restricted funds Restricted fund 122,599 33,079 TOTAL FUNDS 213,265 53,034 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 120,756 Restricted funds Restricted fund 112,325 TOTAL FUNDS 233,081 Comparatives for movement in funds Net movement At 1.1.21 in funds £ £ Unrestricted funds General fund 1,295 30,975 Designated fund 58,396 - 59,691 30,975 Restricted funds Restricted fund 69,604 52,995 TOTAL FUNDS 129,295 83,970 |
Transfers between At funds 31.12.22 £ £ (37,921) 51,299 37,921 59,322 - 110,621 - 155,678 - 266,299 Resources Movement expended in funds £ £ (100,801) 19,955 (79,246) 33,079 (180,047) 53,034 Transfers between At funds 31.12.21 £ £ 36,995 69,265 (36,995) 21,401 - 90,666 - 122,599 - 213,265 |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 99,320 120,750 220,070 |
Resources Movement expended in funds £ £ (68,345) 30,975 (67,755) 52,995 (136,100) 83,970 |
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A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Designated fund Restricted funds Restricted fund TOTAL FUNDS |
At 1.1.21 £ 1,295 58,396 59,691 69,604 129,295 |
Net movement in funds £ 50,930 - 50,930 86,074 137,004 |
Transfers between funds £ (926) 926 - - - |
At 31.12.22 £ 51,299 59,322 110,621 155,678 266,299 |
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 220,076 233,075 453,151 |
Resources Movement expended in funds £ £ (169,146) 50,930 (147,001) 86,074 (316,147) 137,004 |
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The restricted fund relates to money received specifically for use on the programmes.
Transfers between funds
The Trustees continue to hold at least the following year's programme running costs in reserves. The restricted fund totalled £155,678 at the year end and so the Board have designated £59,322 to ensure that funds of £215,000 are held.
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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