| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 6 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | |||
| Notes to the Financial Statements | 12 | to | 18 |
| Detailed Statement ofFinancial Activities | 19 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | f. | I | 6 | ||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donations | and legacies | 3 | 493278 | 493478 | 693442 | ||
| Charitable | activities | 5 | |||||
| Projects | 23,526 | 236,687 | 260,213 | 194,316 | |||
| Investment | income | 4 | 548 | 548 | 29 | ||
| Total | 517,352 | 236,687 | 754,039 | 887,587 | |||
| EXPENDITURE ON | |||||||
| Fundraising | projects | 15,611 | 15,611 | 9,875 | |||
| Charitable | activities | ||||||
| Projects | 486,046 | 244,535 | 730,581 | 694,597 | |||
| Other | 10,887 | ||||||
| Total | 501,657 | 244,535 | 746,192 | 715,359 | |||
| NET INCOME/(EXPENDITURE) | 15,695 | (7,848) | 7,847 | 172,228 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds | brought forward |
372,803 | 84,384 | 457,187 | 284,959 | ||
| TOTAL FUNDS CARRIED FORWARD | 388,498 | 76,536 | 465,034 | 457,187 |
| 5A | PRIL 2023 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | fimds | funds | ||
| Notes | f. | 6 | f. | ||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 442 | 1,569 | ||
| CURRENT ASSETS | |||||
| Debtors | 13 | 129,018 | 129,018 | 158,555 | |
| Cash at bank and in hand | 14 | 299,418 | 76,536 | 375,954 | 457,701 |
| 428,436 | 76,536 | 504,972 | 616,256 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
15 | (40,380) | (40,380) | (160,638) | |
| NET CURRENT ASSETS | 388,056 | 76,536 | 464,592 | 455,618 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 388,498 | 76,536 | 465,034 | 457,187 | |
| NET ASSETS | 388,498 | 76,536 | 465,034 | 457,187 | |
| FUNDS | 17 | ||||
| Unrestricted funds |
388,498 | 372,803 | |||
| Restricted funds | 76,536 | 84,384 | |||
| TOTAL FUNDS | 465,034 | 457,187 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | f, | |||||
| Cash flows fiom operating | activities | |||||
| Cash generated &om operations |
1 | (82,295) | 216,620 | |||
| Net cash (used in)/provided | by | operating | activities | (82,295) | 216,620 | |
| Cash flows from investing | activities | |||||
| Interest received | 548 | 29 | ||||
| Net cash provided by investing | activities | 29 | ||||
| Change in cash and cash equivalents | in | |||||
| the reporting period |
(81,747) | 216,649 | ||||
| Cash and cash equivalents | at | the | ||||
| beginning ofthe reporting |
period | 457,701 | 241,052 | |||
| Cash and cash equivalents | at | the end | of | |||
| the reporting period |
375,954 | 457,701 |
| NOTES TO THE CASH FLOW STATEMENT FOR THE YEARENDED 5APRIL 2023 |
NOTES TO THE CASH FLOW STATEMENT FOR THE YEARENDED 5APRIL 2023 |
||||
|---|---|---|---|---|---|
| RECONCILIATION | OFNET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | |||
| 2023 | 2022 | ||||
| Net income for the | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 7,847 | 172228 | |||
| Adjustments for: |
|||||
| Depreciation charges |
1,127 | 1,292 | |||
| Interest received | (548) | (29) | |||
| Decrease/(increase) | in | debtors | 29,537 | (101,859) | |
| (Decrease)/increase | in | creditors | (120458) | 144,988 | |
| Net cash (used in)/provided | by operations | (82,295) | 216,620 |
| ANALYSIS OF CHANGES IN NET FUND | S | ||
|---|---|---|---|
| At 6.4.22 | Cash flow | At 5.4.23 | |
| 6 | |||
| Net cash | |||
| Cash atbank and in hand | 457,701 | (81,747) | 375,954 |
| 457,701 | (81,747) | 375,954 | |
| Total | 457,701 | (81,747) | 375,954 |
| Tangible assets | Tangible assets | under | f500 are written to the statement offin | f500 are written to the statement offin | ancial activities as an |
expense. | ||
|---|---|---|---|---|---|---|---|---|
| DONATIONS | AND | LEGACIES | ||||||
| 2023 | 2022 | |||||||
| Donations | (including | gift aid) | 493/78 | 693,242 | ||||
| 4. | INVESTMENT INCOME | |||||||
| 2023 | 2022I | |||||||
| Bank interest | 548 | 29 | ||||||
| 5. | INCOME | FROM CHARITABLE ACTIVITIES | ||||||
| 2023 | 2022 | |||||||
| Activtty | ||||||||
| Projects | 260,213 | 194,316 | ||||||
| 6. | CHARITABLE ACTIVITIES | COSTS | ||||||
| Support | ||||||||
| Direct | costs (see | |||||||
| Costs | note 7) | Totals | ||||||
| Projects | 719,312 | 11,269 | 730,581 | |||||
| 7. | SUPPORT | COSTS | ||||||
| Governance | ||||||||
| costs | ||||||||
| Projects | 11,269 |
| Support cost | s, included | in the above, are as follows: | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Total | ||||
| Projects | activities | |||
| Independent | examiner's | remuneration | 3,600 | 2,700 |
| Board oftrustees' meetings | 185 | 23 | ||
| Trustees' expenses | 862 | 307 | ||
| Bookkeeping | and payroll | 6,622 | 7,857 | |
| 11469 | 10,887 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Independent | examiner's | remuneration | 3,600 | 2,700 |
| Deprecianon | -owned | assets | 1,127 | 1,292 |
| Rent | 57,143 | 62,693 |
| STAFFCOSTS | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Wages and salaries | 438,913 | 399,904 | |||
| Social security costs | 44,080 | 38,504 | |||
| Other pension costs | 44,700 | 32,326 | |||
| 527,693 | 470,734 | ||||
| The average monthly | number ofemployees | during | the year was as follows: | ||
| 2023 | 2022 | ||||
| Employees | 11 | 10 |
| 2023 | 2022 | |
|---|---|---|
| f60,001 - f70,000 | 2 | |
| f,120,001 —6130,000 | 1 |
| NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEARENDED 5APRIL 2023 |
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEARENDED 5APRIL 2023 |
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEARENDED 5APRIL 2023 |
|||||
|---|---|---|---|---|---|---|---|
| 11. | COMPARATIVES | FORTHE STATEMENT OFFINANCIAL AC~S | |||||
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| I | f. | ||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donations | and legacies | 683,594 | 9,648 | 693,242 | |||
| Charitable | activities | ||||||
| Projects | 23,604 | 170,712 | 194,316 | ||||
| Investment | income | 29 | 29 | ||||
| Total | 707227 | 180360 | 887,587 | ||||
| EXPENDITURE ON | |||||||
| Fundraising | projects | 9,875 | 9,875 | ||||
| Charitable | activities | ||||||
| Projects | 517,756 | 176,841 | 694,597 | ||||
| Other | 10,887 | 10,887 | |||||
| Total | 538,518 | 176,841 | 715,359 | ||||
| NET INCOME | 168,709 | 3,519 | 172,228 | ||||
| Transfers | between | funds | (185) | 185 | |||
| Net movement in funds |
168,524 | 3,704 | 172,228 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds | brought | forward | 204779 | 80,680 | 284,959 | ||
| TOTAL FUNDS CARRIED FORWARD | 372,803 | 84,384 | 457,187 | ||||
| 12. | TANGIBLE FIXEDASSETS | ||||||
| Offtce | |||||||
| equipment | |||||||
| COST | |||||||
| At 6 April | 2022 and | 5 April 2023 | 6,189 | ||||
| DEPRECIATION | |||||||
| At 6April | 2022 | 4,620 | |||||
| Charge for | year | 1,127 | |||||
| At 5ApÃ12023 | 5,747 | ||||||
| NET BOOKVALUE | |||||||
| At 5 April | 2023 | ||||||
| At 5 April | 2022 | 1,569 |
| DEBTORS:AMOUNTS FA | LLING DUE WIT | HIN ONE YEAR | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 6 | |||||
| Operatmg debtors |
30,472 | 156,800 | |||
| Other debtors | 98,546 | 1,755 | |||
| 129,018 | 158,555 | ||||
| CASH AT BANK AND IN HAND | |||||
| 5.4.23 | 5.4.22 | ||||
| Lloyds Register | |||||
| General fund | Foundation | Peritia | Total funds | Total funds | |
| 8 | |||||
| Interest savings account | 225,191 | 67,008 | 9,528 | 301,727 | 355,879 |
| Bank current accounts | 20,872 | 20,872 | 17,160 | ||
| Euro account | 53,355 | 53,355 | 84,662 | ||
| 299,418 | 67,008 | 9,528 | 375,954 | 457,701 | |
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | ||||
| f | |||||
| Social security and other taxes | 11,807 | 14,792 | |||
| Other creditors | 28,573 | 17,952 | |||
| Deferred income | 127,894 | ||||
| 40,380 | 160,638 |
| MOVEMEN | T IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 6.4.22 | in funds | 5.4.23 | ||
| Unrestricted | funds | |||
| General fund | 372,803 | 15,695 | 388,498 | |
| Restricted funds | ||||
| Peritia | 84,384 | (74,856) | 9,528 | |
| Lloyds Register Foundation | 67,008 | 67,008 | ||
| 84,384 | (7,848) | 76,536 | ||
| TOTAL FUNDS | 457,187 | 7,847 | 465,034 |
| Incoming | Resources | Movement | |||||
|---|---|---|---|---|---|---|---|
| ICSOllICCS | expended | in funds | |||||
| Unrestricted | funds | ||||||
| General fund | 517,352 | (501,657) | 15,695 | ||||
| Restricted funds | |||||||
| Peritia | (74,856) | (74,856) | |||||
| Lloyds Register | Foundation | 225,999 | (158,991) | 67,008 | |||
| Kickstart | 10,688 | (10,688) | |||||
| 236,687 | (244,535) | (7,848) | |||||
| TOTAL FUNDS | 754,039 | (746,192) | 7,847 | ||||
| Comparatives | for movement | in funds | |||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 6.4.21 | in funds | funds | 5.4.22 | ||||
| f. | f. | ||||||
| Unrestricted | funds | ||||||
| General fund | 204,279 | 168,709 | (185) | 372,803 | |||
| Restricted funds | |||||||
| Wellcome Trust | 5,944 | (6,129) | 185 | ||||
| Peritia | 74,736 | 9,648 | 84,384 | ||||
| 80,680 | 3,519 | 185 | 84,384 | ||||
| TOTAL FUNDS | 284,959 | 172,228 | 457,187 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| IcsouIccs | expended | in funds | ||
| f. | f. | f, | ||
| Unrestricted | funds | |||
| General fund | 707,227 | (538,518) | 168,709 | |
| Restricted funds | ||||
| Wellcome Trust | 13,073 | (19,202) | (6,129) | |
| Peritia | 9,648 | 9,648 | ||
| Lloyds Register Foundation | 157,639 | (157,639) | ||
| 180,360 | (176,841) | 3,519 | ||
| TOTAL FUNDS | 887,587 | (715,359) | 172,228 |
| FORTHE YEARENDED | 5APRIL 2023 |
|||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 8 | ||||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations (including |
gift | aid) | 493,278 | 693,242 |
| Investment income |
||||
| Bank interest | 548 | 29 | ||
| Charitable activities |
||||
| Grants | 260713 | 194,316 | ||
| Total incoming resources | 754,039 | 887,587 | ||
| Raising donations and legacies |
||||
| Wages | 12,300 | 8,770 | ||
| Social security | 1,300 | 842 | ||
| Pensions | 2,011 | 263 | ||
| 15,611 | 9,875 | |||
| Charitable activities |
||||
| Wages | 426,613 | 391,134 | ||
| Social secunty | 42,780 | 37,662 | ||
| Pensions | 42,689 | 32,063 | ||
| Rent, service charges, | rates and electricity | 57,143 | 62,693 | |
| Insurance | 1,046 | 809 | ||
| Computer and website |
16,115 | 7,819 | ||
| Telephone | 770 | 938 | ||
| Postage and stationery | 3,413 | 2,316 | ||
| Bank charges | 289 | 287 | ||
| Project related expenses | 127,551 | 149,114 | ||
| Exchange rate variances | (2,594) | 2,901 | ||
| Repairs, renewals and |
equipment | 2,370 | 5,569 | |
| Office equipment depreciation |
1,127 | 1,292 | ||
| 719,312 | 694,597 | |||
| Support costs | ||||
| Governance costs |
||||
| Independent exanuner's |
remuneration | 3,600 | 2,700 | |
| Board oftrustees' meetings | 185 | 23 | ||
| Trustees' expenses | 862 | 307 | ||
| Bookkeeping and payroll |
6,622 | 7,857 | ||
| 11,269 | 10,887 | |||
| Total resources expended | 746,192 | 715,359 | ||
| Net income | 7,847 | 172,228 |