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|COI{TENTS|Pegc|
|---|---|
|Refersnce and admlnlstratlve lnformation|I|
|Trustees'report|2-õ|
|lndepondont audltor's report to the members|6-8|
|Consolidated statementofflnanclalac'tlvltles|I|
|Balance sheets|10-11|
|Consolidatedcashflow statement|12|
|Notestolheconsolidalad financial staloments|'13-26|
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|Referenceandadmlnlstratlvedetalls||
|---|---|
|Dlrectors and Trustees|AlexBeard-Chair|
||Lyn Carpenter(resigned14Dec2022)|
||BJChong|
||HannahCorbett|
||Ken Dytor|
||PerryGlading|
||JamesHeaton|
||AliPretty
MarkCoxshall(resigned14Dec2022)|
||DeniseBrown|
||HeatherWalker(appointed 01 November 2022)|
||TrevorBatchelor(appointed 2AJu$2023)|
||SimonLoftus(appointed20July2023)|
||Dr DaveSmith(appoinled20July 2O23)|
||DeborahArnold(appointed20July2023)|
||NyearYaseen(appointed20July 2A23)|
|CompanyNumber|0668341I|
|Charlty Number|1145424|
|Reglstered and PrinclPalOfflce|VellacottClose
Purfleet|
||Essex|
||RM191RY|
|Audltors|MooreKingston SmithLLP|
||Orbltal House|
||20 EasternRoad|
||Romford|
||RM13PJ|
|Bankers|BarclaysBankPlc|
||9 High Street|
||Grays|
||Essex|
||RM17 6NB|
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|consolldated statementofF
for theyearended3lMarch|lnanclal
2023|Acilvltles(lncor|poratlnglncom|e and expendi|ture account)|||
|---|---|---|---|---|---|---|---|
|||2023|2023|2023|2023||2022|
|||Unrestrlcted
Funds|Deslgnated
Funds|Restrlcted
Funds|Total
Funds|Total
Funds
Restated||
|lncomefrom:
Charitableactivities|Note
4,|€
532,249|f|s
60,000|Ê
592,249||s
4il,003|
|Other tradingactivities
lnvestments|4il|43,369
4,643|||#!,369
4,il3||100,874
1,277|
|Total lncome||580.261||60,000|640.261||556,154|
|Expendllure on:
Raisingtunds
Charitable actlvities|5|34,936
7A9,473||89,623|34,936
799,096||34,372
569,625|
|Total resources exPended||||89.623|834.032||603.997|
|Netexpenditure||(164,1481||(29,623)|{193,771)||(47,843'|
|Galnson revaluatlonoffixed
assets||||27,50027,500||||
|Netmovement lnfunds||(164,148)||(2,1231|(166,27',|Ì||147,843't|
|Totalfundsbroughtforward||623,900|205,641|1,096,603|1,926,144|1,973,987||
|Totalfundscarrledforward|l8|459,752205,641||1,094,480|1,759,873|1|144|
##
|oncolldatedBalanc¡Sh¡¡te¡|at3lMa|rch2023||||
|---|---|---|---|---|---|
||||2023|2A2,iL|as restated|
||note|||||
|Flxede¡s¡t¡||Ê|â|â|t|
|Tanglbleflxcdassats|t0||1,057,500||f,030,000|
|ì.lon.current assets||||||
|Debtor¡and prepayments|12at||5't,048||31,498|
|Current assets||||||
|Debtors and prepayments|,2t|364,197||156,614||
|Gashat bank and ln hand||386,469||883,081||
|||750,666||1,039,695||
|Crédltors:duewithlnIyear|13|(99,341)||(175.049)||
|Nst current assets|||651,325||864,646|
|Total nct assets|||1,759,873||1,929,144|
|Funde||||||
|Restrlcted||||||
|lnveetmantproperty|14|1,057,500||'l,o30,ooo||
|Capital&lncomefunds|14|36,980||66,603||
||||1,094,480||1,096,603|
|Unrestrlctedfunds|l5||459,752||623,900|
|Deslgnatedfunds|17||205,il1||205,641|
|Totalfunds|t8||1,759,873||1,926,144|
##
|HISH HOUSEPRODUCNOil PARK LITITED|HISH HOUSEPRODUCNOil PARK LITITED|||
|---|---|---|---|
|Con¡olldfrdCr¡hFlowStrtrm¡ntforthoylerrndrd3l tirrch2023||||
||2023
eI|20ZlRr¡trt¡d
e
Ê||
|C¡¡hllorwfromopontlngrctMll.t:||||
|l,lctcarl¡ur.dlnoprntlngactlvltb¡|(S01,2SÞ)||(30,167)|
|Ca¡hfowllromlnvcrtlng¡ctMtl¡¡:
lnterestrecelvad|4,&g|1,277||
||4,U3||1,277|
|Changc lnca¡h ¡ndcachequlvalcnteln
thercportlngprrlod|(496,612)||(28,890)|
|Cash and cash equfualenlsatthobeglnnlng||||
|oflhereportlngperlod|883,081||911,971|
|Ca¡handcarhcquhual¡nt¡ at the andof
tha.rcportlngprrlod|386,469||883,091|
|Raconclllatlonofnetexpcndlture to nat
cathflow froinoperatlngactþlttes|€||e|
|Netcxpcndlturefor thereportlngperlod|(193,771)||(47,843)|
|lnvestment lncome|(4,643)||('t,277',)|
|lncreaselndebtors|(227,'t321||(83,716)|
|(Decrease)/lncreaselncredltors|(75,709)||102,669|
|Netca¡huiedln operatlng ac,tlvltles|(5{r1,255)||(30,167)|
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|
, Note14Restricted funds, No
ative information.|
te18Analysis of|
netassets betw|een funds an|
|---|---|---|---|
|Flnanclal Statement|zAXl22|PPadl|Restated|
||Ê|f,|2021122|
||||E|
|StatementolFlnancialActivltles||||
|Expenditure
on:Charitable|559,824|9,801|569,625|
|activities||||
|Consolldated Balance Sheet||||
|Debtors and prepayments-|166,415|(e,801)|156,614|
|current||||
|ResfictedFunds-Capital|76,404|(e,801)|66,603|
|and lncome funds||||
|Charltv Balance Sheet||||
|Debtors and prepayments-|284,723|{e,801)|274,922|
|current||||
|RestrictedFunds-Capital|76,444|(e,801)|66,603|
|and lncome funds||||
|Consolldated Cash Flow Statement ofGash
Net expenditure forthe
(38,042)||(9,801)|(47,8/.3)|
|reporting period
(Decrease)/lncreasein|(93,517)|(9,801)|(83,716)|
|Creditors||||
##
##
|.lncome-Charltableactlvltles|||||
|---|---|---|---|---|
||Unrestrlcted|Restrlcted|Total|Total|
||funds|funds|2023|2022|
||Ê|I|Ê|e|
|Fundedprojects/grants received||60,000|60,000|57,485|
|Sile service chargeincome|249||||
|Total|532.249|60.000|592.249||
|4ll. lncome-Other tradlngactlvlties|Unrestricted|Restrlcted|Total|Total|
|---|---|---|---|---|
||funds|funds|2023|2022|
||s|Ê|â|s|
|Rent lncome|14,000||14,000|37,129|
|Roomhire
Café takings
Total|29,369||29,369
43.369|65,179
n.4u\
I00.874|
##
|Exenditure on charitableacllvltles||||||
|---|---|---|---|---|---|
|.p|||||Total|
||u"*1:;l::
Ê|Deslgnated
funds
Ê|Restrlcted
fundst|Total
2023
s|2022
Restated
â|
|CreativeEstuary|20,000||85,057|105,057|22,962|
|Landof the Fanns|||||7,585|
|PubllcArt-Kinetika|||566
4|4,566|9,801|
|Other running costs(Note 6)|689,473|||689,473|529,277|
|Total|709.473||89,623|799,096|569,625|
##
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##
|.Otherrunnlngcostg|||||||
|---|---|---|---|---|---|---|
||Dlrect|Support|Total|Dlroct|Support|Total|
||costs
Ê|costs
Ê|2023
€|co¡t¡
Ê|costs
â|2422f|
|Servlce charge&other staff costs||65,828|65,828||68,371|68,371|
|Premfses costs|605,202||605,202|4/.2,483||442,483|
|Offcecosts||5,382|5,382||4,518|4,5'18|
|Professionalcosls||295|295||4,710|4,710|
|External audit fees||10,385|10,385||7,200|7,204|
|Stsff and trustees' lnsurance||2,381|2,381||1,995|1,995|
|Total|_6qt,20294,271||689,473|4É.2,48386,794||529,277|
##
|Netlncomlngresourcesfortheyear|||
|---|---|---|
|Thlslsrtatedaftercharglngon aconaolldatedbasls:|2023
I|2022
â|
|Audltors' remuneralion|13,135|9,515|
##
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||lnvestment
Property|Computer
Equlpment|Flxtures &
Flttlngs||Total|
|---|---|---|---|---|---|
||€|Ê|I||€|
|Cost /Valuation
Al1April2022
Revaluation|1,030,000
27,500|9,215|
102,875|1J42,090
27,500||
|Disposals
At3lMarch 2023|1,057.500|s.215|102.875|I,t69.590||
|Depreclatlon
At1April2022||9,215|102,875||112,090|
|Charge fortheYear||||||
|Disposals
At31 March 2023|-|9,2',15 102,875|||112,090|
|Netbook value||||||
|At3lMarch2023|1,057 .500|||1,057.500||
|Al31March2022|1|||1||
##
##
||||2023|2022|
|---|---|---|---|---|
||||f,|â|
|1|ordlnary shareofÊ1|at cost|1||
|Summarybelowlaken fromthe accounts ofthe subsidiary, H
ended 31 March 2023:|igh House Enterprises Limited,|fortheyear|
|---|---|---|
|Profltand lossaccount|2023
€|2022t|
|Turnover|29,369|65,180|
|Cost of Sales|(1,427)|(1,129)|
|Sales and Administrative expenses|(33,509)|(33,244)|
|Prolton ordinary actlvlties|(5,s67)|30,807|
|Payments covenantedtoparentcharig||(21,640)|
|Loss for the ffnancial year|(5,567)e,167||
|Balancesheet|2023|2022|
||s|Ê|
|Current assets|40,762|127,244|
|Cunentliabilities|(46,328)|(127,243)|
|Totalasselsless liabilities|(5,566)|1|
|Capital and reserves:|||
|Share capital|1|1|
|Proftand loss account|||
||(5,567)||
||(5,566)||
##
##
|otes totheconsolldated flnancialatatem|entsfortheye|ar end|ed31 March|2023|2023|2023|
|---|---|---|---|---|---|---|
|l2l.Debtors{Gunent)||GrouP||Gharlty|||
||||2022|||2022|
||2A23|Restated||2023|Restated||
|Falling duewithin oneyear:|r||â|Ê||€|
|Tradedebtors|2't,931||3,504|20,631|||
|Otherdebtors|255,859||94,589|231,457||94,588|
|VAT recoverable|30,755||15,899|34,555||16,703|
|Prepayments|55,652||42,622|55,652||42,622|
|Amountsowed from group undertaking||||39,827||121,009|
||364,197||156,614|382,122||274,9212|
|1211.Debtors (Non-current)||Group||CharltY|||
|Falling dueover oneyear:|2023
s||2022
â|2023
Ês||2022|
|Otherdebtors|51,048||31,498|51,048||3',1,498|
||51,048||31,498|5l,048||31,498|
|'13.Greditors|Group|||Gharlty|||
||2023|2422||2025||2422|
|Falllng duewithin oneyear:|r.||t|Ê||f,|
|Tradecreditors|19,930|91,777||19,930||90,387|
|Accruals|67,238|73,900||æ,537||69,860|
|Receipls lnadvance|12,'173|9,372||12,'t73||9,372|
|Unpaidshare capital|99,341|175,049||1
96,641|1
159,620||
##
##
|14.Ro¡trlcted funds(|GroupandGha|rlty)||||
|---|---|---|---|---|---|
||Balanceat|lncoma and||Tran¡fsrs||
||01-Apr-22
Rcstated|rcvaluatlon
galn|Expendlture|bctwecn
funds|Balance at
31-illar-23|
||e|s|e|â|s|
|lnvestmantproperty|1,030,000|27,504|||1,057,500|
|Publicarl Kinetica|29,565||(4,566)||24,999|
|CrEativeEstuary|37,038
l,og8,6o3|60.0CI0
.CI57t
87.500(89,823)|||11.981
1,094,480|
##
##
##
##
|15.Unrestrlctedfun|ds(GrouP)||||
|---|---|---|---|---|
||||Transfers||
||Balanceat||Batween|Balance at|
||01-Apr-22
e|IncomeExpendlture
sÊ|Funds
e|31-lJlar-23
Ê|
|Unrestricled|623,900|580,261(7M,409)||459,752|
##
##
##
|16.Unrestrlctedfun|ds(CharltY)|||||
|---|---|---|---|---|---|
|||||Transfers||
||Balanceat|||Bstween|Balanceat|
||01-Apr-22
Ê|lncome
Ê|Expendlture
s|Funds
â|31-Mar-23
â|
|Unrestricted|623,899|550,892|(709,472]-||465,319|
##
|17.Deslgnatedfunds|(Group&Charlty)|||||
|---|---|---|---|---|---|
|||||Transfers||
||Balance at|||Between|Balanceat|
||01-Apr-22
Ê|lncomeExpendltu|ro
E|Funds
Ê|3l-Mar-23
s|
|Repairs &renewals||:|||205.641|
||||||205.641|
|18. Analyslsofnet assetsbetweenfunds
Graup2022
FlxedNon
Restated
Assets
ÊÊ|18. Analyslsofnet assetsbetweenfunds
Graup2022
FlxedNon
Restated
Assets
ÊÊ|Current
Assets|Current
Assets
å|Current
Llablllties
€|Total
Ê|
|---|---|---|---|---|---|
|Unrestricted||31,498|767,451|(17s,049)|623,900|
|Designated|||205,641||205,641|
|Restrlcted|1,030,000||66,603||1,096,603|
|||1.458
3|I-039.69 5|fi75.0491|1.s26.144|
##
##
|8.Analyrlcof netas|sstsbetweenfunds|(contlnue|d)||||
|---|---|---|---|---|---|---|
|Group2023||Non-|||||
||Fixed|Gurrent|||Gurrent||
||As¡eis
Ê|Assets
€|GurrentAssctc
â||Llaþllltl¡sI|€
Total|
|Unrestrlcted||51,048||508,045|(99,341)|459,752|
|Designaled||||205,il1||205,&1|
|Restrlcted|1,057,500|||36,980||1,094,480|
||1.057.500|5l,048||750.666|t99.341)|1.759.873|
|Charlty2023||Non-|||||
||Fixed|Gurrent|||Gurrent||
||Asaets|Assets|Current|Assets|Llabllltles|Total|
||€|Ê||â|Ê|f,|
|Unrestrlcted|1|51,048|510,911||(e6,641)|465,319|
|Designated|||205,æ1|||205,641|
|Restricted|1,057,500|||36,980||1,094,480|
||t.057.501|51.048|753.532||196.64f)|1.765.¿140|
##
##
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##
##
##
##
|||2022|2022||2022||2022|
|---|---|---|---|---|---|---|---|
|||Unrestricted
Funds|Designated
Funds|Restricted
Funds|||Total
Funds|
|||||Restated||Restated||
||Note|||||||
|lncome from:||Ê|€||e||Ê|
|Charitable activities|4i|406,418|||47,585||454,003|
|Other trading activities
lnvestments|4¡¡|100,874
1,277|||||100,874
1,277|
|Totalincome|||||47.585||556.154|
|Expenditureon:
Raising funds
Charitable activities|5|34,372
504,918|44,359||20,348||34,372
5ô9,625|
|Total resourcesexPended|||¡t4,359||20.348||603.997|
|Net income/(expenditure)||(30,721) (44,359)|||27,237||(47'843)|
|Losses on revaluation of fixed||||||||
|assets||||||||
|Net movement infunds||130,7211(¿14'359)|||27,237||(47,8431|
|Total funds brought forward||654,621|250,000|1,069,366||1,973,987||
|Total funds carriedfonrard|18|900||1|603|'l|144|