| Page | |||
|---|---|---|---|
| Reference and Administrative Details ofthe Company, |
its Trustees and Advisers | ||
| Chairman's Statement |
|||
| Trustees' Report |
|||
| Independent Examiner's |
Report | 10 | |
| Statement of Financial | Activities | ||
| Income and Expenditure | Account | 12 | |
| Balance Sheet | 13-14 | ||
| Notes to the Financial Statements | 15-27 |
| Trustees | Mr S Caraffi, Chairman | Mr S Caraffi, Chairman | (appointed | 1 April 2023) | ||
|---|---|---|---|---|---|---|
| Mr I Elliott (resigned 31 |
March 2023) | |||||
| Mr J R Kerner | ||||||
| Mr M J Perkins | ||||||
| Mrs S Mosley | ||||||
| Mr A TA Hoppenbrouwers | ||||||
| Mr R N Winterton | ||||||
| Mr T Green | ||||||
| Mr J Holt | ||||||
| Mrs K Clarke (appointed | 17 May 2022) | |||||
| Company | registered | |||||
| number | 08236843 | |||||
| Charity registered | ||||||
| number | 1151225 | |||||
| Registered | office | Preston Smithy, |
Chathill | |||
| Northumberland | ||||||
| NE67 5DG | ||||||
| Company | secretary | Mrs F Rew (appointed | 14June 2022) | |||
| Executive | Director | Miss A V Baker Cresswell | ||||
| Accountants | Ryecroft Glenton | |||||
| Chartered Accountants |
||||||
| 32 Portland Terrace | ||||||
| Jesmond | ||||||
| Newcastle upon |
Tyne | |||||
| NE2 1QP | ||||||
| Bankers | Lloyds Bank pic | |||||
| 24, Bondgate Within |
||||||
| Alnwick | ||||||
| Northumberland | ||||||
| NE66 1TD | ||||||
| Investment | Manager | Quilter Cheviot | ||||
| Senator House | ||||||
| 85 Queen Victoria Street | ||||||
| London | ||||||
| EC4V 4AB |
| N | |||||||
|---|---|---|---|---|---|---|---|
| D | Restricted | Unrestricted | Total | Total | |||
| funds | funds | funds | funds | ||||
| Note | 2023 f |
2023 f |
2023f | 2022 | |||
| Income from: | |||||||
| Donations and legacies |
180,511 | 133,283 | 313,794 | 140,051 | |||
| Investments | 3,301 | 3,301 | |||||
| Total income | 180,511 | 136,584 | 317,095 | 140,051 | |||
| Expenditure on: |
|||||||
| Charitable activities |
133,450 | 218,676 | 352,126 | 229,578 | |||
| Total expenditure | 133,450 | 218,676 | 352,126 | 229,578 | |||
| Net income/(expenditure) | before net | ||||||
| losses on investments | 47,061 | (82,092) | (35,031) | (89,527) | |||
| Net losses on investments | (4,020) | (4,020) | |||||
| Net income/(expenditure) | 47,061 | (86,112) | (39,051) | (89,527) | |||
| Transfers between |
funds | 13 | 7,822 | (7,822) | |||
| Net movement in |
funds | 54,883 | (93,934) | (39,051) | (89,527) | ||
| Reconciliation of |
funds: | ||||||
| Total funds brought | forward | 112,278 | 320,704 | 432,982 | 522,509 | ||
| Net movement in funds |
54,883 | (93,934) | (39,051) | (89,527) | |||
| Total funds carried forward | 167,161 | 226,770 | 393,931 | 432,982 |
| N | ||||||
|---|---|---|---|---|---|---|
| N | D | |||||
| Total funds | Total funds | |||||
| 2023 | 2022 | |||||
| Income | 317,095 | '/40, 051 | ||||
| Losses on investments | (4,020) | |||||
| Gross income in the reporting |
period | 313,075 | 140,051 | |||
| Less: Total expenditure | (352,126) | (229,578) | ||||
| Net expenditure/(income) | for | the reporting | period | (39,051) | (89,527) | |
| The notes on pages 15to | 27 form part ofthese financial statements. |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Fixed assets | |||||||
| Tangible assets | 9 | 1,347 | 2,281 | ||||
| Investments | 10 | 219,281 | |||||
| Current assets | 220,628 | 2,281 | |||||
| Debtors | 2,277 | 2,248 | |||||
| Cash at bank and | in | hand | 178,411 | 435,617 | |||
| 180,688 | 437,865 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 12 | (7,385) | (7,164) | ||||
| Net current assets | 173,303 | 430,701 | |||||
| Total assets less | current liabilities | 393,931 | 432,982 | ||||
| Total net assets | 393,931 | 432,982 |
| Charity funds | ||||||
|---|---|---|---|---|---|---|
| Restricted funds |
167,161 | 112,278 | ||||
| Unrestricted funds |
—designated | 13 | 200,609 | 320,704 | ||
| Unrestricted funds |
—general | 13 | 26,161 | |||
| Total unrestricted | funds | 226,770 | 320,704 | |||
| Total funds | 393,931 | 432,982 |
| Income from donations and legaci |
es | ||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| F | F | F | |
| Donations | 39,550 | 39,550 | |
| Grants | 180,511 | 93,733 | 274,244 |
| 180,511 | 133,283 | 313,794 | |
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| Donations | (56,654) | 16,620 | (40,034) |
| Grants | 171,585 | 8,500 | 180,085 |
| 114,931 | 25,120 | 140,051 |
| Unrestricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2023f | 2023f | 2022 | |||||
| Income | from | local | listed | investments | 3,301 | 3,301 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Support | Total | |||||
| directly | costs | funds | |||||
| 2023 | 2023 | 2023 | |||||
| f. | f. | f. | |||||
| General | Funds | —Office overheads | 20,474 | 85,929 | 106,403 | ||
| Horticultural | Therapy Services | 112,098 | 112,098 | ||||
| Rural Weeks | 72,569 | 72,569 | |||||
| Positive | Pathways | 21,643 | 21,643 | ||||
| Rural Business | Improvement | Manager | 39,413 | 39,413 | |||
| 266,197 | 85,929 | 352,126 | |||||
| Activities | |||||||
| undertaken | Support | Total | |||||
| directly | costs | funds | |||||
| 2022 | 2022 | 2022 | |||||
| General | Funds | - Office overheads | 7,920 | 66,770 | 74,690 | ||
| Horticultural | Therapy Services | 58,087 | 58,087 | ||||
| Rural Weeks | 73,636 | 73,636 | |||||
| Positive | Pathways | 2,562 | 2,562 | ||||
| Rural Business | Improvement | Manager | 20,603 | 20,603 | |||
| 162,808 | 66,770 | 229,578 |
| S TO THE HE YEAR |
FINANCIAL STATEMENTS ENDED 31 MARCH 2023 |
||
|---|---|---|---|
| Total | Total | ||
| funds | funds | ||
| 2023f | 2022 | ||
| Staff costs | 155,675 | 69,458 | |
| Repairs | 198 | 7,937 | |
| General office costs | 4,473 | 2,964 | |
| Travel and | subsistence | 6,090 | 5,652 |
| Rural Week costs | 75,942 | 60,201 | |
| Advertising | and marketing | 23,819 | 16,596 |
| 266,197 | 162,808 |
| General | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023f | 2023f | |||
| Staff costs | 8,488 | 8,488 | ||
| Rent and rates | 624 | 624 | ||
| Insurance | 2,654 | 2,654 | ||
| Training and conferences |
3,199 | 3,199 | ||
| General office costs | 11,822 | 11,822 | ||
| Travel and subsistence | 7,194 | 7,194 | ||
| Legal and professional | fees | 9,910 | 9,910 | |
| Governance | costs | 11,105 | 11,105 | |
| Fundraising | 7,768 | 7,768 | ||
| Career Fair | Roadshows | 23,165 | 23,165 | |
| 85,929 | 85,929 |
| General | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2022 | |||
| Staff costs | 7,961 | 7,961 | ||
| Rent and rates | 600 | 600 | ||
| Insurance | 1,840 | 1,840 | ||
| Training and |
conferences | 22,070 | 22,070 | |
| General office costs | 9,897 | 9,897 | ||
| Travel and subsistence | 3,360 | 3,360 | ||
| Development | board expenses | 90 | 90 | |
| Just giving fees | 96 | 96 | ||
| Governance | costs | 10,410 | 10,410 | |
| Fundraising | 8,787 | 8,787 | ||
| Houses of Parliament | Event | 951 | 951 | |
| Career Fair | Roadshows | 708 | 708 | |
| 66,770 | 66,770 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| f. | ||||||||
| Fees payable | to | the Company's | independent | examiner | for the preparation | |||
| and independent | examination | ofthe Company's | annual | accounts | 3,830 | 3,210 |
| HE YEAR | ENDED 31 | MARCH 20 | 23 | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Wages and | salaries | 148,485 | 65,498 | ||
| Social security costs | 14,531 | 10,839 | |||
| Contribution | to defined | contribution | pension schemes | 1,147 | 1,082 |
| 164,163 | 77,419 |
| 2023 | 2022 |
|---|---|
| No. | No. |
| Tangible fixed assets | |
|---|---|
| Computer | |
| equipmentf | |
| Cost or valuation | |
| At 1 April 2022 | 3,903 |
| At 31 March 2023 | 3,903 |
| Totalf | |
|---|---|
| Depreciation | |
| At 1 April 2022 | 1,622 |
| Charge for the year | 934 |
| At 31 March 2023 | 2,556 |
| Net book value | |
| At 31 March 2023 | 1,347 |
| At 31 March 2022 | 2,281 |
| Fixed asset investments | |||
|---|---|---|---|
| Other fixed | |||
| Listed | asset | ||
| investments f |
investments f |
||
| Cost or valuation | |||
| Additions | 223,301 | 223,861 | 447,162 |
| Disposals | (223,861) | (223,861) | |
| Revaluations | (4,020) | (4,020) | |
| At 31 March 2023 | 219,281 | 219,281 | |
| Net book value | |||
| At 31 March 2023 | 219,281 | 219,281 |
| HE YEAR EN | DED 31 MARCH 2023 | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Due within one year | |||
| Other debtors | 2,106 | 2,106 | |
| Prepayments | and accrued income | 171 | 142 |
| 2,277 | 2,248 |
| 2023 | 2022 | ||
|---|---|---|---|
| F | |||
| Other taxation and social security | 3332 | 3,144 | |
| Other creditors | 223 | 210 | |
| Accruals and deferred | income | 3,830 | 3,810 |
| 7,385 | 7,164 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance | at 1 | Transfers | Gains/ | 31 March | |||
| April | 2022 | Income | Expenditure | in/out | (Losses) | 2023 | |
| f. | f. | f. | f. | f. | f. |
| Restricted | |||||||
|---|---|---|---|---|---|---|---|
| funds | |||||||
| Rural Weeks | 24,713 | 140,145 | (72,394) | 92,464 | |||
| Rural Weeks | |||||||
| (RAF) | |||||||
| Rural | |||||||
| Employment | |||||||
| Manager Fund |
31,591 | (39,413) | 7,822 | ||||
| Rural Business | |||||||
| Improvement | |||||||
| Manager | |||||||
| Positive | |||||||
| Pathways | 55,974 | 40,366 | (21,643) | 74,697 | |||
| 112,278 | 180,511 | (133,450) | 7,822 | 167,161 | |||
| Total offunds | 432,982 | 317,095 | (352,126) | (4,020) | 393,931 | ||
| 13. | Statement offunds | (continued) | |||||
| Statement offunds | - prior year | ||||||
| Balance at | |||||||
| Balance at | Transfers | Gaina' | 31March | ||||
| 1 April 2021 | Income | Expenditure | inlout | (Losses) | 2022 | ||
| Restricted | |||||||
| funds | |||||||
| Rural Weeks | 30,156 | 17,815 | (23,258) | 24,713 | |||
| Rural Weeks | |||||||
| (RAF) | 10,000 | (10,000) | |||||
| Rural | |||||||
| Employment | |||||||
| Manager Fund |
7,955 | 20,000 | (20,602) | 24,238 | 31,591 | ||
| Rural Business | |||||||
| Improvement | |||||||
| Manager | 24,238 | (24,238) | |||||
| Positive | |||||||
| Pathways | 27,535 | 77,116 | (48,677) | 55,974 | |||
| 99,884 | 114,931 | (102,537) | 112,278 |
| A Company Lim 4. Summary |
ited by Guarantee) offunds |
ited by Guarantee) offunds |
|||||
|---|---|---|---|---|---|---|---|
| Summary | offunds - current year | ||||||
| NOTES TO THE | FINANCIAL STATEMENTS | ||||||
| FOR THE YEAR | ENDED 31 MARCH 2023 | Balance at | |||||
| Balance at 1 | Transfers | Gains/ | 31 March | ||||
| April 2022 | Income | Expenditure | in/out | (Losses) | 2023 | ||
| f. | f. | f. | f. | f. | f. | ||
| Designated | |||||||
| funds | 320,704 | (112,273) | (7,822) | 200,609 | |||
| General funds |
136,584 | (106,403) | (4,020) | 26,161 | |||
| Restricted | funds | 112,278 | 180,511 | (133,450) | 7,822 | 167,161 | |
| 432,982 | 317,095 | (352,126) | (4,020) | 393,931 | |||
| Summary | offunds - prior year | ||||||
| Balance at | |||||||
| Balance at | Transfers | 31 March | |||||
| 1 | April 2021 | Income | Expenditure | inlout | 2022 | ||
| Designated | funds | 414,750 | (52,351) | (41,695) | 320,704 | ||
| General funds | 7,875 | 25,120 | (74,690) | 41,695 | |||
| Restricted | funds | 99,884 | 114,931 | (102,537) | 112,278 | ||
| 522,509 | 140,051 | (229,578) | 432,982 |