Apple Pie Enterprises Limited (A Company Limited by Guardntee) Company No: 5020144 Cllarity No: 1147901 Report and Financial Statements of Activities For the ear ended 31 March 2023 Apple Pie Enterprises Limited Company No: 5020144 Clwity No: 1147901 Report and Financial Statements of Activities for the year ended 31 Marth 2023 Contents Page No Tnjstees, Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes 10-13 Apple Pie Enterprises (Ape Media) Trustees, Report For the year ended 31 March 2023 The Trustees, who are also Directors of the charity for the purposes of the Companies ACL present their annual report and the financial statements for the year ended 31 March 2023. The financial statements have been prepared in accordance with Accounting and ReportÈng by Charities: Statement of Recommended Prnctice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102 - ¢ffe¢tive I January 2019), (Charities SORP- FRS 102) and the Companies Act 2006. Ob eclives andAclivilies or the Public Bene To enable young people from dtsadvantaged communities to develop their skills in media and the arts To develop personal ski115 and attitudes that will help young people in any profession they choose. To empower young people to take control of their liv¢s and become mature, independent and responsible members of society. To help young people develop s¢lf-¢Steem and the ability to make good decisions that will shape iheir lives. To promote equality and diversity withln the creative industries by working with local cornmunities and developing the talent we find there. To enable disadvantaged communities to find a voice across diverse media platform Ob eclives The aclivilies we do To provid¢ high quality infom]ation. advice, training and volunteering opportunities within the medi entertainment and crealive industries. To provide educational and personal development opporthnities withln media and creative industries. that tnspire the participants, develop their skills and raise their aspiTations. To support and nurture new youth-led enlerprises withln the creative industries To work in partnership with young people and communities to produce work relevant to the groups that will provoke. challenge and inspire. To produce htgh quality, infoTmative. pro￿amMIng that off￿S a depth of insight into social, community and cultural i&sues and captures of the authentic voice of diverse communities. rammeAchievepnents/Hi hli hts As we approach our remarkable 20th anniversary, APE MEDIA. nestled in the vibrant heart of Newham in East London. reflects proudly on our enduring commitment to empowering young people. Over two dynamic decades, we've evolved to meet the diverse needs of young people. their families, and our c4)mmunities. Our unwavering focus has been to provide enriching opportsmities within and beyond school settings for the youth we serve. Our mission steadfastly addresses the core challenges of poverty, injustice, and disadvantage within our community. These issues lie at the heart of our work. In response to the unprecedented challenges posed by Covid-19, APE MEDIA, like many charitable organizations, adapted its strategies. We recognized the intensified S￿la1 and economic obstacles facing children, young people. and their families. The pandemic, coupled with the daily pressures of rising living Costs and constrained local budgets, has taken a profound toll. Recent research from Young Minds, published on Septrmber 26. underscores the direct impact of declining mental h￿[th on a child's ability to learn. APE MEDIA acknowledges the vital role of arts in nurtUTin8 happine￿ which, in turn, unlocks young people's potential. Operdting within the London Borough of Newham and across London, we acknowledge the unique challenges faced by our communities. particularly among the underserved. disadvantaged, and Blark and Minority Ethnic (BAME) populations. Our world has tran5fonnd, and navigating this post-covid, economically strained reality is a defming test of our collective character. At APE MEDIA, we recognize that we cannot address the needs of our students aDd their families in isolation. Collective action is our guiding Principle. Collabotating with our partners, we've defLned collective adion as hamessing our strengths, fostering collaboration among diverse organiLgtions. uniting people under a shared purpose. and passionately driving change together. Our collective action will evolve as we learn from our experiences. forge stronger partnerships, fund diverse opportunities, adapt to thange, and share knowledge and skills. In this everint of entry to the media and creative industries for individuals from disadvantaged communities. The company receives incom¢ through education training, project development and event production management. This year alone the company has supported over 3 projecty includin& Enfield Health campaig￿ Children in Need and Ape's Creative Dropin Recruilmenl andA Inlment o Board o Direclors,: In accordance with the governing document, elections for the Directors tske place every year at the Annual General Meeting. if eligible outgoing Directors may offer themselves for re-election. Appointment is on the basis of nominations received from board of Directors ￿nC￿nIng eligibility, personal competence, specialist skills and local availability. Dlreclors, Inductlon and Trainin Directors are inducted through training days and through infonnal and fonnaI meetings with e5tabJished or outing Dire¢tors'. Each is provided with a management report and other relevant materials to familiarize themselves with the Charity's operations. ormance Personnel and Stsffing Changes Special thanks and recognition go to the company's professional and administrative staff that provided us with excellent support in all our business activtty areas. This year by offering a blend¢d appro￿ to our delivery we experienced a ris¢ in our grant incom¢. Financial Review The results of the Company for the year are shown in the Annual Accounts set out on pages 10 to 14. The Company had total income of £46.590 and total expenditure was £90.567. There was a surplus l (d¢ficit) of income over expenditur¢ of (1282). Members of the Board Members of the Board, who are Directors for the purpose of company law and lrnstees for the putpose of harity law, who served during the year and up to the date of this report are set out on page l. In accordance with company law, as the company's Directors, we ¢ertify that: so far as we are awar4 there is no relevant audit infonnation of which the company's auditors are unaware. as the directors of the company? we have taken all the steps that ought to have taken in order to mak¢ ourselves aware of any relevant audit inforniation and to establish that the charity's auditors are aware of that infonnation. erence andAdministrative In Truslees." The trustees who served during the year ended 31 March 2023: orniation Mr. Richard Brooke (Chair / Director) Sam Brown (Directorl Treasurer) Ms. Angel Mills (Director / Trustees) Mr Trevor Blackman (Director l Trustees) . Éered O 39A The Broadway London E15 4BQ Coryany No.. 5020144 Charlty No.. I147￿1 Bankers.. HSBC Bank PLC 59-61 Th¢ Mall Stratford Centre London. E15 IXE Independeni E¥47miners." Glory Community Accounting ServiL%S 318 Barking Road London E13 8HL onslbililies o the Btmrd o Company Law requires the Board of DI￿tOrS to prepare fmancial statements for ea¢h financial year, which give a true and fair view of the st8te of affairs of the Charitable wmpany as at the baIance she¢t and of its incoming resources and application of resources, including income and expenditure for the financial year. In preparing those financial statements, the Board of Directors are required to: Select suitable accounting policies and then apply them consistently - Make judgment and estimates that are Teasonable and prudent. - Stat¢ whether applicable accounting standards and Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained An the financial statement and: - Prepare the financial statements on a going concern basis unless it is inappropriately to presume that the company will Gontinue to operate. The Board of Directo￿ are responsible for keeping proper a¢¢ounting records, which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements Gomply with applicable law. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps foi the prevention and detection of fraud and other irregularities This Report has been prepared in accordance under section 477 of the Compantes Act 2006 relating to Slnall companies. Approved by the Board of Directors, and signed on behalf by: Trevor Blacknian (Dire¢tor) Apple Pie Enterprises Limited Notes to the Financial Statements for the year ended 31 March 2023 Computer Equipmen Fixtures and Fittings 2023 6. Tan "ble Fixed Assets Totsl 2023 Totsl 2022 2023 Cost as at start of the year Additional 16,179 11271 1,000 12271 27.450 I,o(10 28.450 27,450 1,000 28,450 16,179 Depr¢ei2tion As at 31 March 2022 Charge for the Year As at 31 March 2023 Net Book Value as at 31 March 2023 16,096 28 16,124 55 12.069 ioi 12,170 ioi 28,165 129 28,294 156 28,036 129 28,165 285 7. Creditors Aecrnal ex enses 2023 Totsl 2022 Totsl Accountancy fees Total 1,500 1.500 1,300 iJoo 13 Apple Pie Enterprises Limited Notes to the Financial Statements for the year ended 31 March 2023 4. Expenditsre on Charitable activities Restricted Untestricted Funds Funds 2023 Total 2022 Total Freelance Staff costs Events I Production Tutor / M&ster Cl&sses I Consultant Rent l Rate I Venue hir¢ Telephone / Internet I Website Insurance Small equipment Support & Governance Costs (5) Depreciation expenses Mentoring expenses Volunteer expenses H¢at & Light Bank charges Sundry expenses Training Interest on Loan Travel ¢xpenses Publicity Refreshments Donation Subscription Total 7.039 41,470 12.700 22J19 811 625 loo 7,039 41,470 12,700 22,319 811 625 loo 1,513 129 2,800 300 600 60 100 25,884 22,910 8.092 12,300 300 650 1,908 3,588 129 1,500 loo 1,412 15 400 467 399 635 loo 1,513 129 2,800 3(K) 60 100 88,765 1002 90,567 80,789 Restricted Unrestricted Funds fund 2023 Totsl 2022 Total 5.Support & Governance Costs Legal fee & Other Accountancy Fee Total 13 1,500 1,513 13 1,500 1513 2,088 1,500 3,588 12 Apple Pie Enteryrises Limited Notes to the Financial Statements for the year ended 31 March 2023 (h) Pensions Employees of the charity ate entitled to join a wod( place pension scheme which is funded by contributions from employee and employu or alternatively they may have opted to join the group money PUTchase defmed contribution pension scheme. (i) Corporation Ta￿tion The charity is exempt from tsx on income and gains falling witbin section 505 of the Taxes Act 1988 OT section 252 of the Taxation of Cbargeable Gaxns Act 1992 to the extent that these are applied to its charitable objects. ti) Fixed Assets . All &ss¢ts costing more than £500 are capitslised and valued ai historical cost. DepTeciation is provided at the following annual rates in order to write off each assets over its estimated use￿1 life. Fixtures and fittings - 25 % on reducing ba18nce Computer- 330/0 on reducing balance 2. Income from Charitable Activities Restricted Untestricted Funds Funds 2023 Totsl 2022 Total Edmonion Community BBC Children in need Mayors office Ground Work UK IA)tus Car Itd Big Lottery UK Youth Total Income 24,580 20,310 24,580 20,310 1.500 5,874 1,500 1,256 4,000 48,200 21,309 80,639 44WO 1500 46J90 3. Income from other activities Restricted Unrestricted Funds Funds 2023 Totsl 2022 Totsl Donation / Other Income Virgin Money Giving Total Income 200 200 1,600 283 1,883 21)0 200 li Apple Pie Enterprises Limited Notes to the Financial Statements for the year ended 31 March 2023 l. Accountlng Policies (a) Basis of preparatlOD and ass¢ssmeDt of going Concern: The financial slatements bave been prepared in ac&)rdanc£ with Accounting and Reporting by ChaTities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Rew)rting Stsndards applicable in the UK and Republic of Ireland (FRS 102- eff¢ctive l January 2019) - (Charities SORP - FRS 102) and the CompaDies Act 2006. The Charitable Company meets the defmition of a public benefit entity under FRS 102. The Financial statements have been prepared under the historical cost or ttanwtion value utdess otherwise ststed in the relevant accounting JMili¢y or not¢. Company without fi￿be[ sp¢cified pUt￿se available as g¢nerai knds. (b} UDrestricted Funds Unrestricted income funds comprise those fund8 which the tn]stees are free to use for any purpose and are in furtherance of the cl)aritable objects. (e) Restricted Funds Restricted funds are fjJDds ithich aTe to be used in attordance with specific restrictions imposed by the donor . (d) Income recognition All income is reco￿ls￿ once the charity h&s entitlement to the incoEne, there is sufficient certainty or receipt and so il is probable that the inc0￿e will be receive& and the amount of incom¢ receivable can be measU￿d reliably. (e) ExpendSture re¢ognition Expenditure are recognised &5 soon &s ther¢ is a legal or constructive obligation con]mitting the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be me&8ured reliably. All expenditure is accounted for on an accnds basis. All ex￿Ses. including supwrt costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities. (fj Allocation of support and governance costs Support costs are those functions that assist the work of the ¢k￿lty but do not directly undertake charitable activities. Governance costs comprise all costs involving the publi¢ accountability of the ckwity and its complian¢¢ with regulation and good practice. (g) Charitable activities The exp¢nditur¢ on charitablc activities includes grants mad4 governance costs and of support costs &$ shown in note. 10 Apple Pie Enterprises Limited Balance Sheet as at 31 March 2023 Not 2023 2022 Fixed Assets Tangible Assets 156 285 Current Assets Cash at Bank l in hand Current Liabi]itle8 Creditors: (amount falling due within a year) 62 43.909 (1,51KI) (1,500) Net Current Assets l (Liabilities) (1,439) 42,409 Net Assets Total (1,282) (1282) 42,694 42,694 Funds and Reserves Restricted Funds Unrestricted Funds Total (27,309) 26,027 1282 16.566 26,128 42,694 For the year ended 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating trj small companies. Director's responsibilities: - the members have not required the company to obtsiti an audit in accordance with section 476 of th¢ CompaDie5 Act 2006. - the directors ackowledge their responsibilities for complying with the requirements of the Act with r¢sp¢ct to accounting records and the PTeparation of accounts. - these accounts have been prq)ared in accordance with the provisions applicable to coInpanies subject to the small companies, regime. Approved by the Board of Trustee's and signed on behalf by: Trevor Blackn￿} (Director l Trust¢¢s) ts4-I iJ.2ts'tS Date.. Apple Pie Enteryrises Limited Statement of Financial Activities For the year ended 31 March 2023 Income Notes Restricted Unrestricted Funds Funds Total 2023 Total 2022 Income from ch￿l¢able Activities 44,890 1,500 46.390 80,639 Income from other activities 200 2(M) 1,883 Total Income 44,890 1,700 46J90 81522 enditure ExpenditUT¢ on Charitable activities 88.765 1,802 90567 80,789 Tot21 Expenditure 88,765 1002 90,567 80,789 Net Income l (Expenditure) (43,875) (102) (43.977) 1,733 Fund brought forward Total Funds carri¢41 forward 16.566 26,128 42,695 40,962 27309 26,026 1282 42,695 Independent Examiners Report to the Members of Apple Pie Enterprises Limited (APE) I report on the attached Financial Statements for the year endeAI 31 Maroh 2023, v4hich are set on pages 8 to 13 and have been prepared on an a￿r￿al basis. Respeetiye responsibilities of Mallagemellt Committee and Examiller: The trnstees (who ar¢ also the directors of the ¢ompany for the purposes of wmpany law) are r¢spon5Tble for the preparation of the accounts. The charity's truste￿ consider that an audit is not requi￿1 for this year under section 144 of th¢ Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is tny responsibility to: examine the accoullts under s¢rtion 145 of the Charities Ac¢ to follow the procedures laid down in the general directions given by the ChaTity Commission under section 145{5Xb) of the Chariti¢s ACL and to statc whether particular matt¢rs have ￿me to my attention. BASIS of Independent Examiner's Ststement: My examination was Carri￿ out in a¢cordan¢¢ with general directions given by the Charity Commission. An examination includes a review of the accounting tEcords kept by the Charity and a comparison of the accounts presented with those records. Tt also includes consideration of any unusual itelns or disc105ures in the accounts. al￿ seeking explanations from the trust¢es concerning any such matters. The procedures ulldertaken do not provide all th¢ evidence that would be required in an audiL and consequently no opinion is given 8S to whether the accounts wesenl a 'trn¢ and fair view, and the rew)rt is IiEllited to those matters set out in the statsment below. Independent Examiner's Statement.. In Connection with my exami[￿tion, no matter has come to my attention to indicate that: accounting records have not been kept in accordance with section 386 of the Companies Act 2006 the acwunts do not &c￿rd with such records where accounts prepared on a accnjal basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 21X)6. or are not consistent and with the Charities SORP (FRSI 02) any matter wbich the examiner believe5 should be drawn to th¢ att¢ntioD of th¢ reader to gain a proper understanding of the accounts. Hastna Jahan {DFf, M Com, MAAT. MBA) Glory Community Accounting Seryices 318 Barking Road Plaistow London E13 8HL Gkyy Cmmllnity AcLyMllting Se 318 Barking R￿d tow E138HL