2023-08-31-accounts - St. Edmunds Society

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			Page
Report ofthe Trustees		I	to	4
Report ofthe Independent Auditors		5	to	6
Statement ofFinancial	Activities
Statement ofFinancial	Position
Statement ofCash Flows
Notes to the Statement	ofCash Flows		10
Notes to the Financial	Statements	11	to	25
Oetalled Statement of	Financial Activities	26	to	27

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						2023	2022
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes				as restatedf
INCOME AND ENDOWMENTS		FROM
Donskons and legades				163,763	133,899	297,662	377,957
Charitable activities
Skills Centre				1,140,156		1,140,156	769,599
Other trading actwilies				11		11	2,495
Investment income				851		851	I
Total				1,304,781	133,899	1,438,680	1,150,052
EXPENDITURE ON
Rasmg funds				53,955		53,955
Charitable activities
Skills Centre				1,261,018	114,371	1,375,389	1,025,628
Total				1,314,973	114,371	1,429,344	1,025,628
NET INCOMEI(EXPENDITURE)				(10,192)	19,528	9,336	124,424
Transfers between	funds		20	167	(167)
Net movement In funds				(10,025)	19,361	9,336	124,424
RECONCILIATION	OF FUNDS
Total funds brought	forward
As previously reported				(39,780)	148,015	108,235	(19,939)
Prior year adjustment			12	(3,750)		(3,750)
As restated				(43,530)	148,015	104,485	(19,939)
TOTAL FUNDS CARRIED FORWARD				(53,555)	167,376	113,821	104,485

					2023	2022
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
						as resisted
FIXEDASSETS
Tangible assam		13	70,593	74,973		1t8,019
CURRENT ASSEIS
Slacks		14	73,952		73,962	67,365
Debtors		15	14,522		14,522
Cash at bank and	ln hend		12,075	100,934	113,009	95,709
			100,549	100,934	201,483	269.260
CREDITORS
Amounts faIlng dus within one year		'la	(134,396)	(8,532)	(142,928)	(200,854)
NET C(IRRENT ASSETS			(33,847)	92,402		56,420
TOTAL ASSETS	(ESSCultRENT UABIUll ES		36,746	167,375	204,121	174,446
CREDITORS
Amounts falkng dua ager mors than one year		17	(90,300)			(69,980)
NET ASSETS			(63,554)	187,375	113,821	104,486
FUNDS
Unresldcted funds					(53,554)	(43,530)
Resbkaad funds					1S7,375	148,016
TOTALFUNDS					113,621	104,465

				2023	2022
					as restated
			Notes		f
Cash flaws from operating activlfles Cash generated from operations Interest paid				47,340 (7,663)	89,531 (7,151)
Net cash provided by operating actMUes				39,677	82,380
Cash flows from Investing activities Purchase o(tangible fixed assets Sale oftangible fixed assets Interest received				(66,359) (300) 851	(114,832) (6,250) I
Net cash used in invssfing activities				(65,808)	(121,081)
Cash flows from financing activities
New loans in year Loan repayments in year				83,000 (12,430)	(5,861)
Net cash provided by/(used in) financing	acfivrfiss			70,570	(5,861)
Change In cash snd cash equivalents period	In the	reporflng			(44,562)
Cash and cash equivalents at the beginning reporting period		ofthe	2	57,320	101,882
Cash and cash equivalents at the end period	ofthe	reporfing	2	101,759	57,320

RECONCILIATION		OF NET IN	COME TO NET C	ASH FLOW FROM OPERATING AC	TIVITIES
						2023	2022
							as restated
							f
Net Income for the		reporting	period (as per the	Statement ofFinancial Activities)		9,336	124,424
Ad)ustments for:
Depreciation charges Loss on disposal of fixed assets						36,812 300	28,370 6,250
Interest received						(851)	(I)
Interest paid						7,663	7,151 6,250
Increase in stocks						(6,567)	(67,365)
Decrease/(increase)		in debtors				81,684	(46,472)
(Decrease)/Increase		in creditom				(81,017)	30,924
Net cash provided		by operations				47,340	89,531
ANALYSIS OF CASH AND CASH EQUIVALENTS
						2023	2022
							as restaterl
						f	f
Cash in hand						123	406
Nolice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts				falling due vnthin one year		112,886 (11,250)	95,303 (38,389)
Total cash and cash		equivalents				101,759	57,320
ANALYSIS OF CHANGES IN			NET FUNDS/(DEBT)
					At 1/9/22f	Cash flow f	At 31/8/23 6
Net cash
Cash al bank and	in	hand			95,709	17,300	113,009
Bank overdrafts					(38,389)	27,139	(11,250)
					57,320	44,439	101,759
Debt
Debts falling due within 1 year					(9,632)	(14,098)	(23,730)
Debts falling due after 1 year					(33,828)	(56,472)	(90,300)
					(43,460)	(70,570)	(114,030)
Total					13,860	(26,131)	(12,271)

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	INCOME FROM	INCOME FROM	CHARITABLE ACTIVITIES	CHARITABLE ACTIVITIES	CHARITABLE ACTIVITIES
							2023		2022
									as restated
					Acuvily				f
	Student income				Skills Centre		1,088,700		721,165
	Student support Catering income Coronsvirus Fur		retenNon	scheme	SkiNs Centre SIUNs Centre SiuNs Centre		8,081		190 32,263 3,035
	Outreach service				SiuNs Centre		43,362		12,946
	Subscnptions received				SkiNs Centre			13
							1,140,156		769,599
	Grants received,		included	In the above,	are as follows:
							2023		2022
									as restated
									f
	HMRC Furlough		Grants						3,035
	RAISING FUNDS
	Other trading	activities					2023		2022
							f		as restated f
	Bed debts						53,955
7.	CHARITABLE	ACTIVITIES COSTS
							Support
						Direct	costs (see
						Costs f	note	8)	Totalsf
	Skills Centre					1,348,026	27,363		1,375,389
	SUPPORT COSTS
									Governance
									costsf
	SklNs Centre								27,363

STAFF COS	TS
						2023	2022
						E	E
Wages and salaries Soclal sacullty costs Other pension costs						918,435 17,080 4,798	703,523 53,754 14,970
						940,313	772,247
The average	monthly	number	ofemployees	dunng	the year was as follows:
						2023	2022
Skills Centre	5 admin					36	34
CEO						1	1
						37	36

COMPARATIVES F	OR THE ST	ATEMENT OF FINANCIAL ACT	IVITIES
			Unrestricted	Restricted	Total
			fund	funds	funds
					as restated
					E.
INCOME AND ENDOWMENTS		FROM
Donations and legacies			184,470	193,487	377,957
Charuable activities
Slulls Centre			769,599		769,599
Other trading activities			2,495		2,495
Investment income			I		1
Total			956,565	193,487	1,150,052
EXPENDITURE ON
Charitable activities
Skills Centre			981,035	44,593	1,025,628
NET INCOMEI(EXPENDITURE)			(24,470)	148,894	124,424
Transfers between	funds		25,974	(25,974)
Net movement In funds			1,504	122,920	124,424
RECONCILIATION	OF FUNDS
Total funds brought	forward		(45,034)	25,095	(19,939)

COMPA	RATIVE	S FOR TH	E STATEMENT OF FINANCIAL ACT	IVITIES - continued
				Unrestricted	Restricted		Total
				fund	funds		funds
						as	restated
							6
TOTAL	FUNDS	CARRIED	FORWARD	(43,530)	148,015		104,485

62,500 has been adjusted resulung in the deficit on Unrestricted funds was understated byf3,750 TANGIBLE FIXEDASSETS	Unrestricted funds in 2022 being overstated by 2	2,500. At 31 August	2022 the deficit
			Fixtures
	Leasehold	Plant and	and
	Improvements	machinery	fittings
	2	6	f
COST
At 1st September 2022	191,245	27,953	73,320
Additions	35,901	12,244
At 31stAugust 2023	227,146	40,197	73,320
DEPRECIATION
At Ist September 2022	150,798	2,381	58,650
Charge for year	4,964	8,886	5,035
At 31stAugust 2023	155,762	11,267	63,685
NET BOOK VALUE
At 31stAugust 2023	71,384	28,930	9,635
At 31st August 2022	40,447	25,572	14,670

				Motor	Computer
				vehicles	equipment	Totals
				6	6	2
COST
At 1stSeptember AddNons	2022			24,500 4,520	35,985 13,694	353,003 66,359
At 31stAugust 2023				29,020	49,679	419,362
DEPRECIATION
At 1st September Charge for year	2022			16,844 6,701	8,311 11,226	236,984 36,812
At 31stAugust 2023				23,545	19,537	273,796
NET BOOK VALUE
At 31st August 2023				5,475	30,142	145,566
At 31stAugust 2022				7,656	27,674	116,019
STOCKS
					2023	2022
						as restated
					6	2
Stocks					73,952	67,365
DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2023	2022
						as restated
						2
Tr de debtors					62,955	17,204
Reserve for Bad	Debts				(53,955)
Prepayments					5,522	79,002
					14,522	96,206
CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2023	2022
						as restated
						5
Bank loans and Trade creditors	overdraRs		(see note 18)		34,980 15,323	48,021 29,537
Taxa0on and social securky					51,788	68,528
Other cmcRtors					40,837	54,768
					142,928	200,854

17.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR	FALLING DUE AFTER MORE THAN ONE YEAR	FALLING DUE AFTER MORE THAN ONE YEAR
							2023	2022
								as restated
								6
	Bank loans (see note 18)						90,300	33,828
	Tcxatmn	and social security						36,132
							90,300	69,960
18.	LOANS
	An analysis ofthe matunty			of	loans is grven below
							2023	2022
								as restated
								6
	Amounts		falfing due wahin	one year on demand:
	Bank overdrafts						11,250	38,389
	Bankloans						23,730	9,632
							34,980	48,021
	Amounts		falling between one		and two years:
	Bank loans - 1-2years						23,983	9,870
	Amounts		fafilng due between		two and five years;
	Bank loans - 2-5 years						55,942	23,958
	Amounts		falling due in more than five years;
	Repayable		by instalments:
	Bank loans more 5yr by instal						10,375
19.	LEASING		AGREEMENTS
	Minimum		lease payments	under non-cancefiable		operafing leases fall due as follows:
							2023	2022
								as restated
								f
	Within one year						40,000	40,000
	Between		one and five years				160,000	160,000
	In more	than five years					160,000	200,000
							360,000	400,000

MOVEMENT IN FUNDS	MOVEMENT IN FUNDS	MOVEMENT IN FUNDS	MOVEMENT IN FUNDS
						Prior	Net	Transfers
						year	movement	between	At
					At 1/9/22	adjustment	in funds	funds	31/8/23
						5	2	F
Unrestricted funds
General fund					(39,780)	(3,750)	(10,191)		(53,554)
Restricted funds
Norfolk Community		Foundation			874		(437)		437
The Norwich French		Church
Chary							2,205		2,205
Anguish Educational			Foundation		23,753		(7,908)		15,845
Geoffrey Watllng					4,000		(1,000)	(167)	2,833
Trustees of Dennis		Right			6,390		(5,112)		1,278
Taylor Wlmpey IT	Equipmsnt				237		(237)
Clothmekers					1,248		(505)		743
Normen Alderman	Charity				7,531		(1,870)		5,661
Hedley Foundation					2,925		(300)		2,625
Arnold Clerk					1,000		(431)		569
National Lottery					10,000		(10,000)
NCF -J Blanche Tooh					3,555		(889)		2,666
NCF -J P Blanche					2,796		(823)		1,973
NCF - Mechanics	Ug				2,460		(900)		1,560
NCF - Plumbing Area					23,917		(13,110)		10,807
Norfolk Constabulary					5,000		(5,000)
Norfolk Infrastructure			Fund		46,616		(20,859)		25,757
Worshipful Company			of Plumbers		5,713		(5,577)		136
Anguish second installment				SW
Salary							33,747		33,747
Anguish Evolution							41,425		41,425
Clothmakers September 22							6,043		6,043
JP Blanch 2023							343(		3231
JP Blanch August	23						1,568		1,568
NCF -Electric car							1 313		1,313
Screw0x Lighting							4,953		4,953
					148,015		19,527	(167)	167,375
TOTAL FUNDS					108,235	(3,750)	9,336		113,821

MOVEMENT IN FUNDS	MOVEMENT IN FUNDS	- continued	- continued
Net movement in funds,		rnduded	in Ihe above are as follows;
				Incoming	Resources	Movement
				resources	expended	in funds
				f	6
Unrestricted funds
General fund				1,304,781	(1,314,972)	(10,191)
Restricted funds
Nodolk Community Foundation The Norwich French Church Charffy				3,000	(437) (795)	(437) 2,205
Anguish EducaUonal	FoundaUon			1	(7,909)	(7,908)
Geoffrey Walling Trustees o(Dennis Right					(1,000) (5,112)	(1,000) (5,112)
Taylor Wimpey IT Equipment Clothmakers					(237) (505)	(237) (505)
Norman Alderman Charity					(1,870)	(1,870)
Hedley Foundation Arnold Clark					(300) (431)	(300) (431)
Nabonal Lottery					(10,000)	(10,000)
NCF -J Blanche Tcols NCFJP Blanche					(889) (824)	(889) (823)
NCF -Mechanks Liff					(900)	(900)
NCF - Plumbing Area Nodolk Constabulary					(13,110) (5,000)	(13,110) (5,000)
Norfolk Infrastructure	Fund				(20,859)	(20,859)
Worshipful Company ofPlumbers Anguish second Installment SW Anguish Evolution			Salary	33,747 49,550	(5,577) (8,125)	(5,577) 33,747 41,425
Awards Ceremony Clothmakers September		22		750 8,300	(750) (2,257)	6,043
Confidential Fund				5,049	(5,049)
JP Blanch 2023				3,300	(69)	3,231
JP Blanch August 23 NCF -Electric car				6,700 1,501	(5,132) (188)	1,588 1 313
NCF - Household				2,000	(2,000)
Norman Lamb				5,000	(5,000)
Screwfix Lighting				5,000	(47)	4,953
Young Futures				10,000	(10,000)
				133,899	(114,372)	19,527
TOTAL FUNDS				1,438,680	(1,429,344)	9,336

MOVEMENT IN FUNDS - continued	MOVEMENT IN FUNDS - continued
Comparatlves for movement	In funds
				Net	Transfers
				movement	between	At
			At 1/9/21	in funds	funds	31/8/22
			f	f	f	f
Unrestricted funds
General fund			(45,034)	(24,470)	25,974	(43,530)
Restricted funds
Norfolk Community Foundation Anguish Educational Foundation Geoffrey Watling Trustees of Dennis Right Taylor Wimpey IT Equipment Clothmakers			4,563 685 11,502 1,136 1,753	(3,689) 23,068 4,000 (5,112) (899) (505)		874 23,753 4,000 6,390 237 1,248
East of England Co-op Community Norman Alderman Charity		Fund	1,560 896	(1,560) 6,635		7,531
Hedtey Foundation Arnold Clark			3,000	(75) 1,000		2,925 1,000
National Lottery NCF -J Blanche Tools				10,000 3,555		10,000 3,555
NCF -J P Blanche				2,796		2,796
NCF - Mechanics Uft				2,460		2,460
NCF - Plumbing Area				23,917		23,917
Norfolk Constabulary Norfolk Infrastructure Fund				5,000 72,590	(25,974)	5,000 46,616
Worshipful Company of Plumbers				5,713		5,713
			25,095	148,894	(25,974)	148,015
TOTAL FUNDS			(19,939)	124,424		104,485

MOVEMENT IN FUNDS - continued	MOVEMENT IN FUNDS - continued
Comparative net movement In funds, included		in the above are as follows:
			Incoming	Resources	Movement
			resources 5	expended f	in fundsf
Unrestricted funds General fund			956,565	(981,035)	(24,470)
Restricted funds Nmfolk Community Foundation Anguish Educational Foundation Geoffrey Wailing Trustees of Dennis Right Taylor Wimpey IT Equipment Clothmskers East of England Co-op Community Norman Alderman Charity Hedley Foundabon George CJarke Arnold Clerk Hansells National Lottery NCFJBlanche Tools NCFJP Blanche NCF - Mechanks Lift NCF- Plumbing Area NCF Student support Norfolk Constabulary Norfolk Infrastructure Fund Worshipful Company of Plumbers	Fund		1 33,891 4,000 7,162 50 1,000 500 10,000 3,555 3,254 3,360 25,000 1,000 5,000 90,001 5,713	(3,690) (10,823) (5,112) (899) (505) (1,560) (527) (75) (50) (500) (458) (900) (1,083) (1,000) (17,411)	(3,689) 23,068 4,000 (5,112) (899) (505) (1,560) 6,635 (75) 1,000 10,000 3,555 2,796 2,460 23,917 5,000 72,590 5,713
			I93,487	(44,593)	148,894
TOTAL FUNDS			1,150,052	(1,025,628)	I24,424

A current year 12 months	A current year 12 months	A current year 12 months	and prior year 12 months	combined	posibon	is as follows.
						Prior	Net	Transfers
						year	movement	between	At
			At	1/9/21	adjustment 6		in funds 6	funds 6	31/8/23 f
Unrestricted funds
General fund				(45,034)		(3,750)	(34,661)	26,141	(57,304)
Restricted funds
Norfolk Community	Foundation			4,563			(4,126)		437
The Norwich French	Church
Charity							2,205		2,205
Anguish Educational Geoffrey Wetting Trustees of Dennis	Foundation Right			685 11,502			15,160 3,000 (10,224)	(167)	15,845 2,833 1,278
Taylor Wimpey IT Equlpmenl				1,136			(1,136)
Clothmakers				1,753			(1,010)		743
East of England Co-op Community
Fund				1,560			(1,560)
Norman Aklerman Charity				896			4,765		5,661
Hedley Foundabon				3,000			(375)		2,625
Arnold Clark NCFJBlanche Tools NCFJP Blanche							569 2,666 1,973		569 2,666 1,973
NCF - Mechanics I	IR						1,560		1,560
NCF - Plumbing Ares							10,807		10,807
Norfolk Infrastructure		Fund					51,731	(25,974)	25,757
Worshipful Company		of Plumbers					136		136
Anguish second installment			SW
Salary							33,747		33,747
Anguish Evotubon							41,425		41,425
Clothmakers September 22							6,043		6,043
JP Blanch 2023							3,231		3,231
JP Blanch August 23 NCF -Electdc car							1,568 1,313		1,568 1,313
Screwfix Lighgng							4,953		4,953
				25,095			168,421	(26,141)	167,375
TOTAL FUNDS				(19,939)		(3,750)	I33,760		110,071

MOVEMENT IN FUNDS -	MOVEMENT IN FUNDS -	MOVEMENT IN FUNDS -	continued	continued
A current year 12 months			and pnor	year 12 months combned	net movement	in funds,	included	in the above are as foflowe
							Incoming		Resources	Movement
							resources		expended	in funds
								E	E
Unrestricted funds
General fund							2,261,346		(2,296,007)	(34,661)
Restricted funds
Norfolk Community Ths Norwich French	Foundatkn Church Charity							1 3,000	(4,127) (795)	(4,126) 2,205
Anguish Educabonal		FoundaUon						33,892	(18,732)	15,160
Geoffrey WaUing								4,000	(1,000)	3,000
Trustees of Dennis	Right								(10,224)	(10,224)
Taylor Wlmpey IT Equlpmsnt Ctothmakers									(1,136) (1,010)	(1,136) (1,010)
East of England Co-op Community				Fund					(1,560)	(1,560)
Norman Alderman Charity								7,162	(2,397)	4,765
Hedley Foundation									(375)	(375)
George Clarke								50	(50)
Arnold Clark								1,000	(431)
Hansess								500	(500)
National Lottery NCF -J Blanche Tools NCFJP Blanche								10,000 3,555 3255	(10,000) (889) (1,282)	2,666 1,973
NCF - Mechanics Lift								3,360	(1,800)	1,560
NCF - Plumbing Area								25,000	(14,193)	10,807
NCF Student support								1,000	(1,000)
Norfolk Constabulary								5,000	(5,000)
Norfolk InfrasUucture		Fund						90,001	(38,270)	51,731
Worshipful Company of Plumbers Anguish second installment SW Salary								5,713 33,747	(5,577)	136 33,747
Anguish Evolution								49,550	(8,125)	41,425
Awards Ceremony Clothmakers September 22								750 8,300	(750) (2,257)	6,043
Confidential Fund								5,049	(5,049)
JP Blanch 2023								3,300	(69)	3,231
JP Blanch August 23 NCF -Electric car								6,700 1,501	(5,132) (188)	1,568 1,313
NCF - Household								2,000	(2,000)
Norman Lamb								5,000	(5,000)
ScrewUx Ughbng								5,000	(47)	4,953
Young Futures								10,000	(10,000)
								327,386	(158,965)	168,421
TOTAL FUNDS							2,588,732		(2,454,972)	133,760

==> picture [47 x 7] intentionally omitted <==

			2023	2022
				as restated
				6
INCOME AND ENDOWMENTS
Donations and legacies
Donations			297,662	377,957
Other trading activities
Other Income				2,495
Investment Income
Deposit account interest			851
Charitable activities
Student income			1,088,700	721,165
Student support				190
Catenng income			8,081	32,263
Coronavirus lob retention		scheme		3,035
Outreach service			43,362	12,946
Subscnptlons recewed			13
			1,140,156	769,599
Total Incoming resources			1,438,680	1,150,052
EXPENDITURE
Other trading activities
Bad debts			53,955
Charitable activities
Wages			918,435	703,523
Social security			17,080	53,754
Pensions			4,798	14,970
Hire of plant and machinery			3,399	2,489
Rent			40,000	36,667
Rates and water			1,473	704
Insurance			14,971	12,586
Itght and heat			28,395	18,007
Telephone			10,787	8,633
Postage and stationery			11,516	12,243
Adverhsing			2,045	1,142
Workshop running	costs		65,014	11,749
Workshop uniforms			1,972	1,818
Workshops other expenses			618	9,105
Travelling			2,969	4,924
Minibus expenses			1,811	1,083
Entertaining			1,476	1,973
ITexpenses			8,025	7,724
Repairs and renewals			5,574	5,827
Cerned forward			1,140,358	908,921

					2023	2022
						as restated
						E
Charitable activities
Brought forward					1,140,356	908,921
Cleaning &waste disposal					9,361	10,659
Premises expenses					18,349	16,158
Health &safely					5,992	5,120
Subscrlptlons and licences					3,359	4,236
Refreshments					2,688	1,812
Awards/trophies					2229	2,000
Equipment					1,791	994
Staffexpenses						5250
Staff training					2,314	3,382
Bank charges					1,815	1,909
Student income	management			fee	99,107
Life Insurance re Pension			fund		2,484
Health Insurance					13,404	8,490
Depreciation of	tangible	fixed assets			36,812	28,370
Loss on sale of	tangible	fixed assets			300	6,250
Bank interest					767	224
Bank loan interest					3,539	974
PAYE interest to HMRC					3,357	5,953
					1,348,026	1,010,702
Support costs
Governance	costs
Auditors' remuneration					3,888	3,600
Auditors' remuneration			for non audit work		5,540	2,461
Legal fees					9,810	8,865
Professional fees					8,125
					27,363	14,926
Total resources	expended				1,429,344	1,025,628
Net Income					9,336	I24,424