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||||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|||||
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||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|
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|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||
##
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##
||||||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|
##
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|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|
##
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|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.|
##
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||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|
##
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|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|
##