2023-08-31-accounts - South Bristol Consortium For Young People

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Contents		Pages
Trustees' Annual Report		3 —18
Independent Examiner's	Report	19
Statement of Financial Activities		20
Balance Sheet		21
Statement ofCash Flows		22
Notes tothe Financial Statements		23 —31

				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2023	2022
			Note	E	6	8	6
Income from:
Donations	and legacies			20,462	185,316	205,778	163,111
Charitable	activities			364,223		364,223	333,382
Investments				3,513		3,513	103
Other income				219		219
Total income				388,417	185,316	573,733	496,596
Expenditure on:
Raising funds				10,594		10,594	17,237
Charitable	activities			328,857	196,896	525,753	464,408
Total expenditure				339,451	196,896	536,347	481,645
Net income				48,966	(11,580)	37,386	14,951
Transfers between		funds	14	1,652	(1,652)
Net movement	in funds		6	50,618	(13,232)	37,386	14,951
Total funds at	start ofyear		14	359,424	14,397	373,821	358,870
Total funds at	end ofyear		14	410,042	1,165	411,207	373,821

BALANCE SHEET	BALANCE SHEET	BALANCE SHEET
AS AT 31AUGUST 2023						Company	number:	1151057
				2023			2022
			Note
Fixed assets
Tangible fixed	assets		10		2,383			4,665
Current assets
Debtors				8,735		5,516
Short term deposits				341,188
Cash at bank				151,793		501,381
					501,716			506,897
Creditors: Amounts		falling due within
one year			12		(92,892)			(137,741)
Net current assets					408,824			369,156
Net assets					411,207			373,821
Funds
Unrestricted	funds		15		410,042			359,424
Restricted funds			15		1,165			14,397
Total funds					411,207			373,821

						2023	2022
					Notes	8	f
Net cash	inflow	from operating		activities	17	(9,939)	55,389
Nonwperational		cash flows:
Investing	activities:
Investment	income					3,513	103
Purchase	oftangible		fixed assets			(1,974)	(5,768)
						1,539	(5,665)
Net cash	inflow	for	the year		18	(8,400)	49,724

Income from don	ations and le	gaci	es
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2023
					8	8	6
Dame Violet Wills	Will Trust				2,500		2,500
Denman Charitable	Trust					3,000	3,000
Frankham Family	Charitable Trust					25,000	25,000
Grace Trust					1,000		1,000
John James Bristol Foundation						10,000	10,000
Masonic Charitable	Foundation	(MCF)				20,000	20,000
Medlock Charitable	Trust					5,000	5,000
Nisbet Trust						25,000	25,000
Pople Charitable Trust						10,000	10,000
Quartet Community	Foundation	- Crime Commissioner				4,969	4,969
Quartet Community	Foundation	- Express		Grant		5,000	5,000
Quartet Community	Foundation	- KPMG				2,000	2,000
Quartet Community	Foundation	- Tredwin		& Pennington		25,809	25,809
Society of Merchant Venturers						35,165	35,165
Society ofThe Holy Child Jesus					15,000		15,000
StJames Place Charitable Trust						2,500	2,500
Van Neste Foundation						10,000	10,000
Other donations					1,962	1,873	3,835
					20,462	185,316	205,778
Prior year comparatives					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
					6	F
Dame Violet Wills	Will Trust				2,000		2,000
Garfield Weston Foundation					30,000	30,000	60,000
Grace Trust					2,000		2,000
Hartcliffe Support	Fund					2,719	2,719
J & M Britton Charitable Trust					5,000		5,000
John James Bristol Foundation						10,000	10,000
Masonic Charitable	Foundation	(MCF)			2,000		2,000
Medlock Charitable	Trust					10,000	10,000
National Lottery Community Fund						9,950	9,950
Nisbet Trust						25,000	25,000
Pople Charitable Trust						5,000	5,000
Quartet Community	Foundation	- Resilience				9,950	9,950
Somerset Masonic	Charity (SMC)				4,150		4,150
Van Neste Foundation						10,000	10,000
Job Retention Scheme (Government			grant)		2,209		2,209
Other donations					2,583	550	3,133
					49,942	113,169	163,111

Income from Char	itab	le	Activities
									Total Funds	Total Funds
									2023	2022
									8	E
BLC(Trust in Learning		Academy)							10,000	4,000
Bridgwater and Taunton			College						86,000	116,707
Bristol City Council										26,820
City of Bristol College										1,100
Hartcliffe and Withywood			Community	Partnership						37,000
Somerset Community		Foundation							10,400
University ofthe Bristol									125,000
University ofthe West		of	England						125,000	142,239
WEGA									7,823	5,516
									364,223	333,382
Charitable activities income is represented					by unrestricted	funds	in both the	current and prior year.
Expenditure by activity
							Raising	Direct	Support	Total Funds
							Funds	Costs	Costs	2023
							F		F
Green Futures							212	20,504	803	21,519
Hartcliffe Support	Fund							12,608		12,608
Bristol Apprenticeship		Programme					1,271	52,485	4,813	58,569
Learning to Lead							2,225	96,900	8,423	107,548
Unlocking Potential							1,271	60,000	4,813	66,084
Future Quest							2,542	101,515	9,627	113,684
Somerset Apprentice		Programme					1,378	85,608	5,215	92,201
Discover Maths							953	36,398	3,610	40,961
Careers							742	6,878	2,808	10,428
Digital Strategy								12,745		12,745
							10,594	485,641	40,112	536,347
Prior year comparatives							Raising	Direct	Support	Total Funds
							Funds	Costs	Costs	2022
								6	8	f
South Bristol Projects							7,153	19,739	1,840	28,732
Employability								186		186
Green Futures							131	3,196	2,147	5,474
Hartcliffe Support	Fund							2,580		2,580
Bristol Apprenticeship		Programme					2,176	52,965	11,272	66,413
Learning to Lead							1,652	40,223	6,053	47,928
Unlocking Potential							2,359	57,418	8,001	67,778
BLCCommunicate								371		371
Future Quest								128,357		128,357
Realising Talent							794	19,320	3,887	24,001
Somerset Apprentice		Programme					2,972	95,757	11,096	109,825
							17,237	420,112	44,296	481,645

4	Expenditure		on charitable	activities - (by natural cl	assification)
							Total Funds	Total Funds
							2023	2022
							8	F
	Direct costs						485,641	420,112
	Consultancy						1,104	1,044
	Insurance						2,291	2,149
	General office expenses						5,263	7,293
	Advertising	and promotion					7,456	1,662
	Legal &professional						726	1,280
	Accountancy						271	270
	Training						2,600	3,253
	Bank charges						998	720
	Depreciation						4,257	4,097
	Travel						4,601	2,677
	IT support and maintenance						7,636	16,228
	Other staff costs						419	1,355
	Governance		costs (note 5)				2,490	2,268
							40,112	44,296
							525,753	464,408
5	Governance		costs
							2023	2022
							f	F
	Independent		Examination				2,490	2,268
6	Net income	I(expenditure)		forthe year
	This is stated		after charging:				2023 8	2022f
	Independent		Examination	for independent	examination	services	1,444	1,300
				for other services			1,046	968
	Depreciation						4,257	4,097

Staff costs
															2023		2022
															8		6
Wages and salaries															295,766		291,167
Social security	costs														13,475		15,310
Pension															9,207		6,275
															318,448		312,752
The average monthly		headcount			ofemployees		during		the	year	was as follows:
															2023		2022
															No.		No.
Admin staff
Project staff
															13		13
The key management			personnel		is considered		to	be	the Chief Executive .The				total employee		benefits received		by key
management	personnel		including		employer's		national		insurance		and pension	contributions		was 661,671		(2022:
F60,506).
One (2022: One) employee				received emoluments				of	more	than	F60,000 in the		current year.
Taxation
The charity is	exempt	from corporation				tax on	its	charitable		activities.
Prior year fund comparatives
											Unrestricted				Restricted	Total Funds
													Funds		Funds		2022
															F		6
Income from:
Donations and legacies													49,942		113,169		163,111
Charitable activities													333,382				333,382
Investments													103				103
Total income													383,427		113,169		496,596
Expenditure on:
Raising funds													17,237				17,237
Charitable activities													353,484		110,924		464,408
Total expenditure													370,721		110,924		481,645
Net income I	(expenditure)			and									12,706		2,245		14,951
net movement	in funds
Total funds at start		ofyear											346,718		12,152		358,870
Total funds at end of			year										359,424		14,397		373,821

10	Tangible fixed asse	ts
									Equipment	Total
	Cost								6	6
	At 1 September 2022								16,284	16,284
	Additions								1,974	1,974
	At 31 August 2023								18,258	18,258
	Depreciation
	At 1 September 2022								11,619	11,619
	Charge for the year								4,256	4,256
	At 31 August 2023								15,875	15,875
	Net Book Value
	At 31 August 2023								2,383	2,383
	At 31 August 2022								4,665	4,665
11	Debtors: Amounts	falling due			within one year
									2023	2022
									F	f
	Prepayments and accrued income								7,794	5,516
	Other debtors								941
									8,735	5,516
12	Creditors: Amounts		falling due			within	one	year
									2023	2022
									F	f
	Trade creditors								8,406	6,326
	Other creditors								2,129	1,792
	Taxes and social security								6,828	5,485
	Accruals								3,029	12,960
	Deferred Income							(Note 13)	72,500	111,178
									92,892	137,741
13	Deferred Income
	The total income deferred			to the		next financial		year was as follows:	2023 F	2022 6
	BLC(Trust in Learning		Academy)							5,000
	Bridgwater and Taunton			College						10,400
	Medlock Charitable	Trust								5,000
	Nisbet Trust								27,500	25,000
	Pople Charitable Trust								10,000	10,000
	Quartet Community	Foundation				- Crime	Commissioner			4,969
	Quartet Community	Foundation			- Tredwin		& Pennington			25,809
	Society of Merchant	Venturers							25,000	25,000
	Hargreaves Foundation								10,000
									72,500	111,178

Movement in funds	Movement in funds
As at 31August 2023				1 Sep 2022	Income	Expenditure	Transfers	31Aug 2023
				8	F	8	6	F
Unrestricted funds
General Funds				359,424	388,417	(339,451)	1,652	410,042
				359,424	388,417	(339,451)	1,652	410,042
Restricted funds
Aspire				1,652			(1,652)
Digital Strategy				12,745		(12,745)
Discover Maths					28,834	(28,834)
Hartcliffe Support	Fund				13,773	(12,608)		1,165
Insight into Apprenticeship			Bristol		53,333	(53,333)
Learning2Lead					84,376	(84,376)
Somerset Apprentice		Programme			5,000	(5,000)
				14,397	185,316	(196,896)	(1,652)	1,165
Total funds				373,821	573,733	(536,347)		411,207
As at 31August 2022				1 Sep 2021	Income	Expenditure	Transfers	31Aug 2022
				6	E	6		6
Unrestricted funds
General Funds				346,718	383,427	(370,721)		359,424
				346,718	383,427	~370721,		359,424
Restricted funds
Aspire				1,652				1,652
Digital Strategy					19,900	(7,155)		12,745
Hartcliffe Support	Fund				2,719	(2,719)
Insight into Apprenticeship			Bristol	10,500	65,000	(75,500)
Learning2Lead					550	(550)
Unlocking Potential					25,000	(25,000)
				12,162	113,169	~110,924		14,397
Total funds				358,870	496,596	(481,645)		373,821

Analysis offunds	Analysis offunds
As at 31August 2023		Fixed	Current	Current
		assets	assets	liabilities	Total
		f
Unrestricted	funds	2,383	500,551	(92,892)	410,042
Restricted	funds	2,383	1,165 301,718	~92,892	1,165 411,207
As at 31August 2022		Fixed	Current	Current
		assets	assets	liabilities	Total
		6	6	6	F
Unrestricted	funds	4,665	492,500	(137,741)	359,424
Restricted	funds		14,397		14,397
		4,665	506,897	(137,741)	373,821

						2023	2022
							F
Statement of Financial		Activities: Net movement		in funds		37,386	14,951
Investment income						(3,513)	(103)
Depreciation						4,256	4,097
Increase / (decrease)		in creditors				(44,849)	36,000
(Increase) / decrease		in debtors				(3,219)	444
Net cash inflow /	(outflow) from operating		activities			(9,939)	55,389
Analysis ofchanges		in cash during the year
					2023	2022	Change
					E	F	6
Short term deposits					341,188		341,188
Cash at bank and	in hand				151,793 49WITI	501,381 ~FHIII	(349,588) ~~0)
					2022	2021	Change
						6	6
Cash at bank and	in hand				501,381	451,657	49,724