Energize
ENERGIZE SHROPSHIRE, TELFORD AND WREKIN
TRUSTEES, REPORT AND ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
7WS
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|||||||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|
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||||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|
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|||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||
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||||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|
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|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|
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||||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|||
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|||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||
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|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|
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||||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|
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||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|
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|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|
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|||||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|
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|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|
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|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|
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||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|||||
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