Energize ENERGIZE SHROPSHIRE, TELFORD AND WREKIN TRUSTEES, REPORT AND ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 7WS
| Page No. | ||||||
|---|---|---|---|---|---|---|
| Trustees Report | ||||||
| Reference | and | Administrative | Details ofthe Charitable | Company, | its Trustees and | |
| Advisors | ||||||
| Independent Auditors Report |
16 | |||||
| Statement of Financial Activities | 19 | |||||
| Balance Sheet | 20 | |||||
| Statement ofCashflows | 21 | |||||
| Notes tothe Accounts | 22 |
| Unrestr'ced | Total year ended 31 |
Total year ended 31 |
||||
|---|---|---|---|---|---|---|
| funds | ||||||
| March | March | |||||
| 2022 | ||||||
| 6 | ||||||
| Income: | ||||||
| Donations and legacies |
16,250 | 470,000 | 486,250 | 204,713 | ||
| Charitable activities |
213,034 | 580,498 | 793,532 | 726,190 | ||
| Other trading activities | 20,434 | 20,434 | 7,467 | |||
| investments | 4,166 | 4,166 | 16 | |||
| Total income | 253~ | 1,050,498 | 1,304382 | 938~ | ||
| Experxgturer | ||||||
| Charitable activities |
5,6 | 190,923 | 893,369 | 1,084,292 | $87,146 | |
| Total expenditure | 190,923 | 893369 | 1,084W2 | 887,146 | ||
| Net income/(expenditure) before transfers |
62,961 | 157,129 | 220,090 | 51,240 | ||
| Transfer between funds |
15 | 7,223 | (7,223 ) | |||
| Net income/(expenditure) net movement In funds |
and | 70,184 | 149906 | 220,090 | 51,240 | |
| Reconcgiatlon offunds: | ||||||
| Total funds brought forward | 215,425 | 215,425 | 164,185 | |||
| Total funds carried forward | 15 | 285,609 | 149,906 | 435,515 | 215,425 |
| Notes | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| E | E | ||||||
| Fhed Assets | |||||||
| Tangible assets | 9317 | I | 7322 | ||||
| Current Assets | |||||||
| Debtors | 398468 | 16,340 | |||||
| Cash at bank and in | hand | 611,246 | I | 510,475 | |||
| Curt«rR~ | ' 650,714 | ' | 526Al15 | ||||
| Creditors: amounts | falling due within one year | 13 | (224,6162 | ~(299,811 | |||
| ' | |||||||
| ' 426,098 | 227504 | ||||||
| N«t assets excluding | pension asset or liabgity | 435515 | ' 234326 | ||||
| Defined benefit pension scheme liability | 14 | (18,9011 | |||||
| Net assets | 485.515 | 215.4!5 | |||||
| Funds ofthe charity ~funds |
|||||||
| Restricted income funds | 149,906 | ||||||
| 15 | 149,906 | ' | |||||
| Ufuestrlcted funds |
|||||||
| Designated funds | 15 | 100,000 | 55,000 | ' | |||
| General funds | 15 | 185,609 | 160425 | ||||
| Total charity funds | 485419 | 215.425 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| E | E | |||
| Cash gows from operatktg | activities | |||
| Net income per Statement | of Financial Activities | 220,090 | 51340 | |
| Adjustments for. |
||||
| Depreciation ofproperty, | plant and equipment | 5,246 | 3463 | |
| Decrease/(Increase) in trade and other receivables |
(23,128) | 43,717 | ||
| (Decrease)/Increase in trade and other payables |
(94,096) | (426) | ||
| Net cash provkled by operatktg activities |
108,112 | |||
| Cash flows from investing | activities | |||
| Payments for property, plant and equipment |
(7,341 ) | (6,827 ) | ||
| Net cash used in investing | activities | P,341 ) | (6,$27 ) | |
| Net increase in cash and cash equivalents | 100,771 | 91267 | ||
| Cash and cash equivalents at the begktning |
of the | 510,475 | 419,20$ | |
| vear | ||||
| Cash and cash equivalents | atthe end ofthe year | 611,246 | 510,475 | |
| Components ofcash and |
cash equivalents | |||
| Cash and bank balances | 611,246 | 510I475 | ||
| 611,246 | 510,475 |
| ome from dona | tions and legacies |
||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| 2023 | 2023 | 2023 | 2022 | ||
| f | f | f | |||
| Donations | 470,000 | 470,000 | 189,713 | ||
| Donated services and fadlities | 16,250 | 16,250 | 15,000 | ||
| 16,250 | 470,000 | 4869250 | 2049713 | ||
| Unrestricted | Restricted | Total | |||
| 2m2 f |
2m2f | 2022 f |
|||
| Grants and donations | 23 | 189,690 | 189,713 | ||
| Donated services and fadlities | 15,000 | 15,000 | |||
| 19, | 189 698 | 2049713 | |||
| Donated goods, faciliffes and services received | Total | Total | |||
| 2023 | 2022 | ||||
| f | f | ||||
| Office premises | 152000 | 159000 | |||
| ITsubscription | (see note 19) | L250 | |||
| 16,250 | 15,000 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| 2m3 | 2023 | 2m3 | ||||
| f | f | f | ||||
| Grants | 580,498 | 580,498 | 531,770 | |||
| Strategic | commissioning | 213,034 | 213384 | 178,305 | ||
| Consultancy | and ather | 16,115 | ||||
| 213,034 | 289, 98 | 98612 | 726198 | |||
| Unrestricted | Restricted | Total | ||||
| 2m2 | 2022 | 2022 | ||||
| f | f | f | ||||
| Grants | 4,000 | 527,770 | 53L770 | |||
| Strategic | commissioning | 178,305 | 178.305 | |||
| Consultancy | and ether | 16,115 | 16.115 | |||
| 198. 28 | 527,770 | 726.191 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| 202$ | 2023 | 2022 | ||||
| f | f | |||||
| Sponsorship and adverttsing |
6,500 | 6,000 | ||||
| Fundra ising | ||||||
| Other income | 1,442 | |||||
| 76496 | 7467 | |||||
| Unrestricted | Restricted | Total | ||||
| 2022 | 2022 | 2022 | ||||
| f | f | |||||
| Sponsorship and ad |
vsrtising | 6,000 | fs000 | |||
| Fundraising | 25 | 25 | ||||
| Other income | 1,442 | 19442 | ||||
| 7,467 | ||||||
| ysis ofexpenditure | by activities | |||||
| Unrestricted | Restricted | Total | Total | |||
| 202$ | 202$ | 202$ | 2022 | |||
| fxpend&ure on charitable | acthritfes | |||||
| Direct programme | expenditure | 148,772 | 139,670 | 28$,442 | 266,632 | |
| Direct staff costs | 35,309 | 168,088 | 20$,$97 | 127,648 | ||
| Grants made | 244,621 | 244,621 | 183,343 | |||
| 184,081 | 552,379 | 736,460 | 577,62$ | |||
| Support and governance | costs | |||||
| Support staff costs | (18,901) | 252,116 | 23$,215 | 220,257 | ||
| Premises expenses | 15,000 | 15,000 | 15,000 | |||
| Legal &professional | fees | 1,488 | 36,956 | $&,444 | 26,473 | |
| Other ofgce costs | 2,884 | 25,256 | 28,140 | 21,221 | ||
| Advertising and marketing |
456 | 15,173 | 15,629 | 9,243 | ||
| Staff training | 670 | 2,940 | $,610 | 1,246 | ||
| Travelling | 2,917 | 2,$17 | 1,747 | |||
| Sundry expenses | 1,432 | 1,4$2 | 873 | |||
| Depreciation | 5,246 | 5,246 | 3,563 | |||
| Governance costs | 4,200 | 4,200 | 9,900 | |||
| 6,842 | 547,8$2 | |||||
| Total expenditure | 202$ | 190,923 | 693.369 | 3 | ||
| Total expenditure | 2022 | 167,643 | 719,503 |
| Sport England | Other public sector |
Other public sector |
leon public Ilxxalm |
leon public Ilxxalm |
Total | ||
|---|---|---|---|---|---|---|---|
| incrmra | |||||||
| 6 | |||||||
| Income | |||||||
| Revenue grants | 881,493 | 64,311 | 32,065 | 72,629 | t/r58, 458 | ||
| Commissioning | 14,403 | 194,990 | 3,641 | 213384 | |||
| Sponsorship | 6,500 | 6,580 | |||||
| Other | 1,667 | 32,683 | |||||
| Expenditure | |||||||
| Direct programme expenditure |
(64,283 ) | (155,317) | (3,641 | ) | (65,201) | (288,442) | |
| Staffcosts | (374,995 ) | (39,509 ) | (32,065 | ) | 9857 | (436,632) | |
| Grantsmade | (225.905 ) | (18,716) | (244,621) | ||||
| Premises expenses | (15,000 ) | (15,800) | |||||
| Legal gr professional fees | (31,337 ) | (1,488 ) | (32825) | ||||
| Other offim mats | (30,597 ) | (1,634 ) | (1,202 ) | (33,433) | |||
| Advertising and marketing |
(15,173 ) | (456 ) | (15,628) | ||||
| Stafftraining | (2,940 ) | (670 ) | (3,610) | ||||
| Travelling | (2,917 ) | [2,917) | |||||
| Sundry expenses | (1,757 ) | (1,757 ) | |||||
| Capital expenditure | (7,336) | 2/I90 | (S,246) | ||||
| Governance costs |
(4,200 ) | (4,200) | |||||
| Total surplus/(dagdt) | 2023 | 134W6 | 43,178 | ||||
| Total surplus/(dencit) | 2022 | 34401 | 16339 | 51,240 | |||
| Analysis ofgrants provided | |||||||
| Grants to | |||||||
| Total | |||||||
| Adivity or | pragramme | Insbtutians | |||||
| 2023 | 2023 | 2022 | |||||
| E | E | E | |||||
| Tackling Inequalities | 168.905 | 16ih905 | 183,343 | ||||
| Birmingham | 2022 | 57,000 | |||||
| Telford Workforce | 1,012 | 1,012 | |||||
| SIP Data & | Insight | 17,704 | 17,704 | ||||
| 244.621 | 244,621 | 583r343 |
| sts | |||
|---|---|---|---|
| 2023 | 2022 | ||
| f | f | ||
| Salaries | 396,324 | 302,718 | |
| National | insurance | 35,359 | 24,729 |
| Pension | costs | 4,929 | 20,458 |
| Total | 436,612 | 347,905 |
| Computer | |||
|---|---|---|---|
| equipment | |||
| E | |||
| Cost | |||
| At beginning ofyear | 35,605 | ||
| Additions | 7,341 | ||
| At end of | year | 42,949 | |
| Depreciation | |||
| At beginning ofyear | 28383 | ||
| Charge forthe year | 5446 | ||
| At end of | year | 33429 | |
| Net Book | Vakfe | ||
| At 31March 2023 | 9,417 | ||
| At31March 2022 | 7,322 | ||
| 2023 | 2022 | ||
| E | 6 | ||
| Trade debtors | 19,943 | 7,854 | |
| Prepayments | and accrued income | 19,525 | 8,486 |
| 39,468 | 16,340 |
| 2023 | 2022 | |
|---|---|---|
| 6 | 6 | |
| Trade cfeditors | 40,413 | 27,327 |
| Other taxes and socia Isecurity | 22,931 | 17,969 |
| Other creditors | (516) | (192) |
| Accruals and deferred income | 161,788 | 254,707 |
| 224,616 | 299,811 |
| 2023 | 2022 | |
|---|---|---|
| f | f | |
| At beginning ofyear | 239,607 | 269,936 |
| Released to income in year | (703M5) | (531,674) |
| Deferred in year | 621,352 | 501,345 |
| At end ofyear | 157,094 | 239,607 |
| 15. Movement | in | funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||||||
| 2023 | beginning | Income | Expenditure | Transfers | end of | ||||||
| ofyear | year | ||||||||||
| Restricted funds | |||||||||||
| Sport England | - | Systemic | Partner | 470,000 | (343,750) | (8,641) | 117,609 | ||||
| Sport England | - | Delivery | Partner | 50,800 | (33,835) | 977 | 17,942 | ||||
| Sport England | - | Primary | Role | 3,130 | (3,130) | ||||||
| Sport England | - | Children | &Young People | 80,915 | (81,033) | 118 | |||||
| Sport England | - | Coaching/Workforce | development | 7,075 | (7,075 ) | ||||||
| Sport England | - Tackling | Inequalities | 1,562 | (1,562 ) | |||||||
| Sport England | -Together | Fund | 167,343 | (168,905) | 1,562 | ||||||
| Sport England - National Legacy |
82022 Commonwealth | Games | 11,500 | (11,500) | |||||||
| Sport England | - | Birmingham | 2022 | 60,000 | (60,000 ) | ||||||
| Sport England | - | Places &Spaces | 29,168 | (30,468) | 1,300 | ||||||
| Gen22 | 8,750 | (8,750) | |||||||||
| Ufe Chances | 60,982 | (60,982 ) | |||||||||
| Green Social | Prescribing | 32,065 | (32,065 ) | ||||||||
| SIPData &Insight | 39,200 | (24,845 ) | 14,355 | ||||||||
| PSIElevate | 24,099 | (24,099) | |||||||||
| Other restricted | grants | 3,909 | (2,932) | (977) | |||||||
| 1,050,498 | (893,369) | (7,223 ) | 149,906 | ||||||||
| Unrestr(csed | funds | ||||||||||
| General fund | 160,425 | 39,184 | (5,047) | (8,953 ) | 185,609 | ||||||
| Designated funds: | |||||||||||
| Local authority | and commissioned | work | 214,700 | (1852)76) | (28,824) | ||||||
| Sustainability | project | 55,000 | 45,000 | 100,000 | |||||||
| 215,425 | 253,884 | (190,923) | 7,223 | 285,609 | |||||||
| Total funds | 215,425 | 1,304,382 | (1,084,292) | 435,515 |
| Babrnceat | Balance | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022: | beginnktg | Income | Expenditrre | Transfers | atend of | |||||
| ofyear | year | |||||||||
| f | f | |||||||||
| Restricted funds | ||||||||||
| Sport England | -Primary | Role | 189,690 | (181,263 | ) | (8,427 | ) | |||
| Sport En/and | -Children | &Young People | 167,543 | (167,543 | ) | |||||
| Sport England | -Coaching/Workforce | development | 38,258 | (38,258 | ) | |||||
| Sport England | -Tackling | inequalities | 66,890 | (66,890 ) | ||||||
| Sport England | -Opening | School Facilities | 91,542 | (91,542 | ) | |||||
| Sport England -82022 Commonwealth Nation al Legacy |
Games | 18,000 | (18,000 ) | |||||||
| Sport England | -Moving | Communities | 8,108 | (8,108 ) | ||||||
| Life Chances | 10,000 | 59,750 | (70,220 | ) | 470 | |||||
| Evolve into Spring | 7,100 | (7,100 ) | ||||||||
| Sport Council | Trust Company | 29,998 | (29,998 ) | |||||||
| Green Social Prescribing | 15,581 | (15,581) | ||||||||
| Psr Elevate | 25,000 | (25,000 ) | ||||||||
| 10AIOO | 717,460 | (719,503 | ) | (7,957 ) | ||||||
| Unrestricted | funds | |||||||||
| Genera I fund | 114,185 | 42,621 | (20,239 | ) | 23,858 | 160.42S | ||||
| Designated funds: |
||||||||||
| Local authority | work | 178,305 | (147,404 | ) | (30,901) | |||||
| Sustainability | project | 40,000 | 15,000 | SS,OOO | ||||||
| 154,185 | 220,926 | (167,643 | ) | 7,957 | 215,425 | |||||
| Total funds | 164485 | 938,386 | (887446 | ) | - | 215,425 |
| 2023 | Unrestricted | Restricted | Tota I |
|---|---|---|---|
| f | E | ||
| Fixed assets | 9,417 | 9,417 | |
| Debtors | 17,046 | 22'22 | 39,468 |
| Cash at bank and in hand | 364,617 | 246,629 | 611,246 |
| Creditors | (103417) | (121,099) | (224,616) |
| Defined benefit pension scheme liability | |||
| Funds | 287,563 | 147tl52 | 435415 |
| 2022 | Unrestricted | Restricted | Total |
| E | |||
| Fixed assets | 7,322 | 7,322 | |
| Debtors | 16,340 | 16,340 | |
| Cash at bank and in hand | 510,475 | 166,054 | 676,529 |
| Creditors | (2992I11) | (166,054 ) | (465,865) |
| Defined benefit pension scheme liability | (18301) | (18,901) | |
| Funds | 215,425 | 215jl25 |
| tion | of | net d | ebt | ||||
|---|---|---|---|---|---|---|---|
| At | 1April 2022 | Cash flows | At 31March 2025 |
||||
| f | f | f | |||||
| Cash | and | cash | equivalents | 510,475 | 100,771 | 611,246 | |
| Net | debt | 510,475 | 100,771 | 611446 |
| 2025 | 202$ | 2022 | 2022 | |
|---|---|---|---|---|
| land and | land and | Other | ||
| buildings | bceldings | |||
| 6 | 6 | |||
| Operating leases with expiry date: | ||||
| Within one year | 662 | |||
| In the second to fifth years indusive |