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2023-02-28-accounts

Page
Trustees'
report		 1-16
Statement of Trustees' responsibilities 17
Independent
examiner's
report		 18
Statement offinancial activities
Statement offinancial position 20-21
Statement ofcash flows 22
Notes to the financial statements 23-38

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
Notes 2023
6		 2023
E		 2023
6		 2022
6		 2022
f		 2022
6
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Donations
and
legacies 294,703 245,227 539,930 188,463 62,968 251,431
Charitable
activities		 1,350 1,350 1,692 1,692
Other income 5,403 5,403 5,750 5,750
Total income 301,456 245,227 546,683 195,905 62,968 258,873
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Raising funds 6 35,965 20,000 55,965 29,145 29,145
Chaditable
activities		 7 171,592 143,209 314,801 201,200 51,684 252,884
Total expenditure 207,557 163,209 370,766 230,345 51,684 282,029
Net incoming/(outgoing)
resources before
transfers 93,899 82,018 175,917 (34,440) 11,284 (23,156)
Gross transfers
between funds 16 70,528 (70,528) 7,500 (7,500)
Net income/(expenditure)
for the year/
Net movement in funds 164,427 11,490 175,917 (26,940) 3,784 (23,156)
Fund balances at 1 March
2022 133,793 53,784 187,577 160,733 50,000 210,733
Fund balances at 28
February 2023 298,220 65,274 363,494 133,793 53,784 187,577

2023 2022
Notes 6
Fixed assets
Property,
plant and		 equipment 11 27,604 17,258
Investments 12 1 1
27,605 17,259
Current assets
Trade and other receivables 13 12,930 14,419
Cash at bank and in hand 336,331 168,350
349,261 182,769
Current liabilities 14 (13,372) (12,451)
Net current assets 335,889 170,318
Total assets less current liabilities 363,494 187,577
Income funds
Restricted funds 16 65,274 53,784
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Designated
funds:
272,604
17 272,604
General unrestricted funds 25,616 133,793
298,220 133,793
363,494 187,577

2023 2022
Notes 8
Cash flows from operating activities
Cash generated
from/(absorbed
by)
operations		 22 184,429 (17,118)
Investing
activities
Purchase of property,
plant and equipment		 (32,198)
Proceeds from disposal of property,
plant
and equipment 15,750
Net cash used in investing activities (16,448)
Net increase/(decrease)
in
equivalents		 cash and cash 167,981 (17,118)
Cash and cash equivalents at beginning ofyear 168,350 185,468
Cash and cash equivalents at end ofyear 336,331 168,350

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2023 2022
6
1,350 1,692

Unrestricted Unrestricted
funds funds
2023 2022
6
Net gain on disposal oftangible fixed assets 5,403
Other income 5,750
5,403 5.750

Raising fun ds
Unrestricted Restricted Total Unrestricted
funds funds funds
2023 2023 2023 2022
6 6 6 6
Other fundraising costs 25,213
Staffcosts 35,965 20,000 55,965 3,932
Fundraising and publicity 35,965 20,000 55,965 29,145
35,965 20,000 55,965 29,145

2023
6		 2022f
Staffcosts 27,683 40,765
Depreciation and impairment 11,504 12,991
Projects expenditure 185,771 140,355
Consultancy fees 15,167 13,298
240,125 207,409
Share ofsupport costs (see note 8) 71,676 42,835
Share ofgovernance costs (see note 8) 3,000 2,640
314,801 252,884
Analysis
by
Unrestricted		 fund
funds		 171,592 201,200
Restricted funds 143,209 51,684
314,801 252,884
Supportcosts
Support Governance 2023 Support Governance 2022
costs costs costs costs
f 6 F 6
Staff costs 32,766 32,766 23,364 23,364
Insurance 1,299 1,299 1,211 1,211
Sundry expenses 13 13
Bookkeeping 15,900 15,900 8,820 8,820
Charity administration
expenses		 17,799 17,799 7,051 7,051
CRM setup 3,912 3,912 2,376 2,376
Accountancy 2,050 2,050 1,680 1,680
Independent examination 950 950 840 840
Payroll 120 120
71,676 3,000 74,676 42,835 2,640 45,475
final)mee tNbif880
Charitable
activities		 71,676 3,000 74,676 42,835 2,640 45,475

The average
monthly
number ofemployees
during th		 e year was:
2023 2022
Number Number
Charitable
Activities
Admin
Total
Employment
costs		 2023
E		 2022
6
Wages and salaries
Social security costs		 107,545
6,935		 61,361
6,231
Other pension costs 1,934 469
116,414 68,061

Property,
plant and e		 quipment
Fixtures, Motor Total
fittings & vehicles
equipment
8
Cost
At 1 March 2022 33,947 52,504 86,451
Business combinations 32,198 32,198
Disposals (20,694) (20,694)
At 28 February 2023 33,947 64,008 97,955
Depreciation
and impairment
At 1 March 2022 27,757 41,437 69,194
Depreciation
charged		 in the year 3,095 8,409 11,504
Eliminated
in respect		 ofdisposals (10,347) (10,347)
At 28 February 2023 30,852 39,499 70,351
Carrying
amount
At 28 February 2023 3,095 24,509 27,604
At 28 February 2022 6,190 11,068 17,258
Cost or valuation
At 1 March 2022 &28 February 2023
Carrying
amount
At 28 February 2023
At 28 February 2022
2023 2022
Other investments comprise: Notes 8 8
Investments in subsidiaries 21

2023 2022
Amounts falling due within one year: 6 5
Trade receivables 750 942
Amounts owed by subsidiary undertakings 9,405 10,702
Other receivables 2,775 2,775
12,930 14,419
Current liabilities
2023f 2022
5
Other taxation and social security 4,541 2,822
Trade payables 5,831 6,989
Accruals and deferred income 3,000 2,640
13,372 12,451

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Movement
in funds
Incoming Balance at Transfers Balance at
resources 1 March 2022 28 February
2023
6
Fixed asset fund 27,604 27,604
Operation and winding up 150,000 150,000
Needed but not known 60,000 60,000
Fleet &equipment
Innovation		 Maintenance, Development & 35,000 35,000
272,604 272,604
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2023 2022
K 8
Aggregate compensation 29,445 38,884

Details ofthe Charity's
subsi		 diaries
at 28 Fe		 bruary 2023 are as follows:
Name of undertaking Registered Nature of business Class of 'I Held
office shares held Direct Indirect
The Flying Seagull Trading England Recreation Ordinary 100.00
Company
Ltd

22 Cash generated
from		 operations operations 2023
6		 2022
8
Surplus/(deficit)
for the		 year 175,917 (23,156)
Adjustments
for:
Gain on disposal ofproperty, plant and equipment (5,403)
Depreciation
and impairment		 of property, plant and equipment 11,504 12,991
Movements
in working		 capital:
Decrease/(increase)
in		 trade and other receivables 1,490 (6,022)
Increase/(decrease)
in		 trade and other payables 921 (931)
Cash generated
from/(absorbed		 by) operations 184,429 (17,118)
23 Analysis ofchanges in net funds
The Chadity had no debt during the year.