```
REGISTERED COMPANY NUMBER: 09080083 (England and Wales)
REGISTERED CHARITY NUMBER: 1158524
```
## **`Report of the Trustees and`**
```
Financial Statements for the Year Ended 30 June 2022
```
```
for
```
## **`Commsortia Limited`**
```
Harris & Co (Accountants) Ltd, Statutory Auditor
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL
```
```
Commsortia Limited
```
```
Contents of the Financial Statements
for the Year Ended 30 June 2022
```
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 4`|
|**`Report of the Independent Auditors`**|`5 to 8`|
|**`Statement of Financial Activities`**|`9`|
|**`Balance Sheet`**|`10`|
|**`Cash Flow Statement`**|`11`|
|**`Notes to the Cash Flow Statement`**|`12`|
|**`Notes to the Financial Statements`**|`13 to 18`|
|**`Detailed Statement of Financial Activities`**|`19 to 20`|
```
Commsortia Limited
```
```
Report of the Trustees
for the Year Ended 30 June 2022
```
## `Governance, Structure and Management`
```
The trustees,being the directorsof the charitablecompany,presenttheir reportand financialstatementsfor the year
ending 30 June 2022.
```
## `Governing Document`
```
The charityis a charitablecompanylimitedby guaranteeand was incorporatedon 10 June 2014. It is governedby the
Memorandum and Articles of Association.
```
## `Recruitment and Appointment of Trustees`
```
TheDirectorsofthecompanyarealsocharityTrusteesforthepurposeofcharitylaw.Theyarealsoknown as
members of the Board and are appointed at the Annual General Meeting.
```
```
The Memorandum & Articles of Association provided for a minimum of 7 Directors and a maximum number of 12.
```
```
On4May2021thecompanypassedanordinaryresolutionreducingtheminimumnumberofTrusteesto5. Other
provisions in the Articles of Association concerning the appointment of Trustees are unchanged.
```
## `Trustee Induction and Training`
```
TheBoardofTrusteesactivelyseekstorecruitnewTrusteesfromthecommunity,andonappointmentnew trustees
receive a formalinductionprocesscoveringthe role and responsibilitiesof Trustees.Appropriatetrainingis offered to
all Trustees on a regular basis.
```
## `Vision Statement`
```
To createa societyin whichall peoplehave goodhealthy,qualitylives throughlivingin positivesocial,economic, and
environmentalcircumstances,throughtheprovisionof high-quality,responsive,generalistandspecialistservices and
facilities.
```
## `Risk Management`
```
TheBoardhasassessedthemajoroperationalriskstowhichthecharityisexposed,thoserelatedtothe operations
and financesof the charityand are satisfiedthatsystems are in placeto mitigateour exposureto the majorrisks. The
Trusteesdonotbelievethecharityissubjecttoanysubstantialriskbeyondtheliabilitiesdisclosedinthe Annual
Report and Accounts.
```
```
The Trustees confirm systems have been established so that the necessary steps can be taken to lessen these risks.
```
## `Organizational Structure`
```
The CharitableCompanyis managedby the Board of Trustees,all of whom are directorsof the companywho consider
allsignificantexpenditureandotherrequestsattheirmeetings.Theboardischairedbyanindependentchair, who
chairs by invitation of the board.
```
```
Public Benefit Statement
```
```
Thefocusofthisformalconsortiumwillbetobuildonexistingcapacityandthepositivetrackrecordsof consortium
member organisations to co-deliver a range of holistic, bespoke public services, available at the point of need.
```
```
Theintentionisthatthisconsortiumwillembraceorganisationsacrossawidespectrumofservicesectorssuch as
socialwelfareadvice,healthandwellbeing,employmentsupport,communitytransport,environment,heritage, as
well as volunteering and infrastructure 'capacity building' support.
```
## `Aims & Objectives`
```
Commsortiais a joint venture both of and for communitybased voluntaryand social enterprisesector organisations in
Northamptonshire, surrounding counties, and elsewhere.
```
```
The consortium's mission is to:
```
```
Page 1
```
```
Commsortia Limited
```
## **`Report of the Trustees for the Year Ended 30 June 2022`**
```
UltimatelyharnessthepowerofcollaborationbetweenlocalVoluntary,CommunityandSocialEnterprise sector
organisations to:
```
`1. Strengthen community based not-for-profit organisations.`
`2. Maximise their sustainable funding and investment opportunities.`
`3. Share their resources and expertise, to add value to frontline public service delivery.`
`4. Support communities to identify their own needs and build community led solutions.`
```
Itwillaimtoachievethisbysecuringlargerandmorecomplexcontractsandgrantfundingforthedeliveryof public
services, activities, and facilities and to manage the ensuing revenue through a joint consortium approach.
```
```
InsettingourobjectivesandplanningouractivitiestheTrusteeshaveconsideredtheCharityCommission's general
guidance on public benefit.
```
## `Achievement and Performance`
```
ThisyearCommsortiaLtdhascontinuedtoprovidecontractmanagementservicestomemberorganisations in
supportofthedeliveryoftheBuildingBetterOpportunity(BBO)Programme.Wedothisinpartnershipwith the
University of Northampton with its aim to support people back into employment, training, and/or volunteering.
```
```
Theprojecthasprovidedarangeofservices,includingemployabilitytraining,jobsearchsupport,and one-to-one
coachingtohelpindividualsovercomebarrierstoemployment.Ithasmadesignificantprogressinachievingits goals
overthepast12monthsandhasestablishedstrongpartnershipswithlocalemployersinsecuring employment
opportunitiesforanumberofparticipantsontheprogramme.Theprojecthasalsosupportedindividuals with
volunteering opportunities, helping them to gain valuable experience and develop skills.
```
```
Again,theprojectfacedsomechallenges,particularlycomingoutoftheCOVID-19pandemic,whichimpacted the
deliveryofface-to-facetrainingandsupport.However,theprojectadaptedquickly,deliveringtrainingand support
virtually, which enabled it to continue to support individuals during these challenging times.
```
```
Theprojectteamiscommittedtocontinuingtosupportindividualsbeyondtheproject'scompletiondatebut within
thecontractedrequirements.The projectteamis exploringopportunitiestosecureadditionalfundingto continue to
provide support to individuals who need it most.
```
```
CommsortiaLtd has made significantprogressin achievingits goalsthis year and we will continueto deliverupon our
EuropeanSocialFundBuildingBetterOpportunitiesProgrammecommitments.The COVIDPandemichada significant
impact upon deliveryas our partnersreducedservices with some closingtheir doors to the public.This resultedin low
levelsofnewstartswhilstadaptationstowardsremoteworkingtookeffect.Weencouragedhybridworkingfor our
staffwithworkingfromhomeandtheofficedependantonneedandtheeffectsofthepandemic.As themajority of
ouractivityisaroundcontractmanagement,administrationperformedbystaffconstitutesthemajorityofours and
our partners costs.
```
```
We will continue to look for further opportunities to bring funding into the sector.
```
## **`STRATEGIC REPORT`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
```
```
Page 2
```
```
Commsortia Limited
```
## **`Report of the Trustees for the Year Ended 30 June 2022`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`**
```
09080083 (England and Wales)
```
## **`Registered Charity number`**
```
1158524
```
## **`Registered office`**
```
15 St Giles Street
Northampton
Northamptonshire
NN1 1JA
```
## **`Trustees`**
```
A Armson Chief Executive
C Duff Ceo
D A Hunt Business Development Director
M V Major Charity Ceo
Professor C A Phillips Independant Chair
```
## **`Company Secretary`**
## **`Auditors`**
```
Harris & Co (Accountants) Ltd, Statutory Auditor
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL
```
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`**
```
The trustees(whoare alsothe directorsof CommsortiaLimitedforthe purposesof companylaw)are responsible for
preparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewithapplicablelawand United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
```
Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgiveatrueand fair
viewofthestateofaffairsofthecharitablecompanyandoftheincomingresourcesandapplicationof resources,
includingtheincomeandexpenditure,ofthecharitablecompanyforthatperiod.Inpreparingthose financial
statements, the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charity SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.`
```
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyat any
timethefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthefinancial statements
complywith the CompaniesAct 2006. They are also responsiblefor safeguardingthe assets of the charitable company
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
```
```
Page 3
```
```
Commsortia Limited
```
```
Report of the Trustees
for the Year Ended 30 June 2022
```
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued`**
```
In so far as the trustees are aware:
```
- `there is no relevant audit information of which the charitable company's auditors are unaware; and`
- `the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.`
## **`AUDITORS`**
```
Theauditors,Harris&Co(Accountants)Ltd,StatutoryAuditor,willbeproposedforre-appointmentat the
forthcoming Annual General Meeting.
```
```
Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees,asthe company
directors, on 16 April 2023 and signed on the board's behalf by:
```
```
Professor C A Phillips - Trustee
```
```
Page 4
```
```
Report of the Independent Auditors to the Members of
Commsortia Limited
```
## **`Opinion`**
```
WehaveauditedthefinancialstatementsofCommsortiaLimited(the'charitablecompany')fortheyear ended
30June2022whichcomprisetheStatementofFinancialActivities,theBalanceSheet,theCashFlowStatement and
notestothefinancialstatements,includingasummaryofsignificantaccountingpolicies.Thefinancial reporting
frameworkthathasbeenappliedintheirpreparationisapplicablelawandUnitedKingdomAccounting Standards
(United Kingdom Generally Accepted Accounting Practice).
```
## `In our opinion the financial statements:`
- `give a true and fair view of the state of the charitable company's affairs as at 30 June 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;`
- `have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and`
- `have been prepared in accordance with the requirements of the Companies Act 2006.`
## **`Basis for opinion`**
```
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicable law.
OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditof the
financialstatementssectionofourreport.Weareindependentofthecharitablecompanyinaccordancewith the
ethicalrequirementsthatarerelevanttoourauditofthefinancialstatementsintheUK,includingtheFRC's Ethical
Standard,andwe havefulfilledourotherethicalresponsibilitiesinaccordancewiththeserequirements.We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
```
## **`Conclusions relating to going concern`**
```
In auditingthe financialstatements,we have concludedthat the trustees' use of the going concernbasis of accounting
in the preparation of the financial statements is appropriate.
```
```
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoevents or
conditionsthat,individuallyor collectively,may cast significantdoubton the charitablecompany'sabilityto continue
as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
```
```
Our responsibilitiesand the responsibilitiesof the trusteeswith respect to goingconcernare describedin the relevant
sections of this report.
```
## **`Emphasis of matter`**
```
Going concern
```
```
Asdescribedintheaccountingpolicynotes,thecharityhaspreparedthefinancialstatementsonagoing concern
basis. The charityis relianton grant fundingfrom variousbodies.The currentgrantsterminateat variousfuture dates,
noneof whichare more than12 monthsfromthe dateof approvalof the financialstatements.However,the trustees
anddirectorsareconfidentthatfurthergrantfundingwillbeforthcomingandthatitisappropriatetoprepare the
financial statements on a going concern basis.
```
## **`Other information`**
```
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincluded in
the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
```
```
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
```
```
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand, in
doingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsor our
knowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuch material
inconsistenciesorapparentmaterialmisstatements,wearerequiredtodeterminewhetherthisgivesriseto a
materialmisstatementin the financialstatementsthemselves.If, based on the work we have performed,we conclude
thatthereis a materialmisstatementof thisotherinformation,we are requiredto reportthatfact.We have nothing
to report in this regard.
```
```
Page 5
```
```
Report of the Independent Auditors to the Members of
Commsortia Limited
```
## **`Opinions on other matters prescribed by the Companies Act 2006`**
```
In our opinion, based on the work undertaken in the course of the audit:
```
- `the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and`
- `the Report of the Trustees has been prepared in accordance with applicable legal requirements.`
## **`Matters on which we are required to report by exception`**
```
Inthelightoftheknowledgeandunderstandingofthecharitablecompanyanditsenvironmentobtainedin the
course of the audit, we have not identified material misstatements in the Report of the Trustees.
```
```
We have nothingto reportin respectof the followingmatterswhere the CompaniesAct 2006 requiresus to report to
you if, in our opinion:
```
- `adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or`
- `the financial statements are not in agreement with the accounting records and returns; or`
- `certain disclosures of trustees' remuneration specified by law are not made; or`
- `we have not received all the information and explanations we require for our audit.`
## **`Responsibilities of trustees`**
```
As explainedmorefullyintheStatementofTrustees'Responsibilities,thetrustees(whoarealsothedirectorsof the
charitablecompanyfor the purposesof companylaw) are responsiblefor the preparationof the financial statements
andforbeingsatisfiedthattheygiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermine is
necessaryto enablethe preparationof financialstatementsthat are free from materialmisstatement,whetherdue to
fraud or error.
```
```
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitablecompany'sability to
continueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoing concern
basisofaccountingunlessthetrusteeseitherintendtoliquidatethecharitablecompanyortoceaseoperations, or
have no realistic alternative but to do so.
```
```
Page 6
```
```
Report of the Independent Auditors to the Members of
Commsortia Limited
```
## **`Our responsibilities for the audit of the financial statements`**
```
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from
materialmisstatement,whether due to fraud or error, and to issue a Report of the IndependentAuditorsthat includes
ouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconducted in
accordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarise from
fraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpected to
influence the economic decisions of users taken on the basis of these financial statements.
```
```
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
```
## `Identifying and assessing potential risks related to irregularities`
```
Inidentifyingandassessingtherisksofmaterialmisstatementinrespectofirregularities,includingfraud and
non-compliance with laws and regulations, we considered the following:
```
```
o The nature of the charity's activities and sector, control environment and financial performance;
```
```
oEnquiringofmanagementandthetrustees,includingobtainingandreviewingsupporting documentation,
concerning the charitable company's policies and procedures relating to:
```
```
- Identifying,evaluatingandcomplyingwithlawsandregulationsandwhethertheywere awareof anyinstances of
non-compliance;
```
```
-Detectingandrespondingtotherisksoffraudandwhethertheyhaveknowledgeofanyactual,suspected or
alleged fraud;
```
```
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
oDiscussingamongtheengagementteamandinvolvingrelevantinternalspecialists,includingtax,and charity
specialists(whererelevant)regardinghow andwhere fraudmightoccurin the financialstatementsandany potential
indicators of fraud; and
```
```
oObtainingandunderstandingofthelegalandregulatoryframeworksthatthecharitablecompanyoperates in,
focusingonthoselawsandregulationsthathada directeffectonthefinancialstatements,suchasprovisionsof the
UKCompaniesAct,charitylegislationandtaxlegislationorthathadafundamentaleffectontheoperationsof the
charitable company; including General Data Protection requirements, anti-bribery and corruption policy.
```
## `Audit response to risks identified`
```
As a resultof performingtheabove,we identifiedvariousprovisionsof theCharitiesActandtheCharity Commission
guidanceas keyauditmattersrelatedtonon-compliancewithlawsandregulationsandthereceiptof donations and
themakingof grantsas key auditmattersrelatedtothepotentialriskof fraud.In commonwithallauditsunder ISAs
(UK), we are also required to perform specific procedures to respond to the risk of management override.
In addition to the above, our procedures to respond to risks identified include the following:
```
```
oReviewofthefinancialstatementdisclosuresandtestingtosupportdocumentationtoassesscompliance with
provisions of relevant laws
```
```
Afurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedonthe Financial
ReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReport of
the Independent Auditors.
```
```
Page 7
```
```
Report of the Independent Auditors to the Members of
Commsortia Limited
```
## **`Use of our report`**
```
This reportis made solely to the charitablecompany'smembers, as a body,in accordancewith Chapter3 of Part 16 of
theCompaniesAct2006.Ourauditworkhasbeenundertakensothatwemightstatetothecharitable company's
membersthosematterswearerequiredtostatetotheminanauditors'reportandfornootherpurpose.To the
fullestextentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthe charitable
companyand the charitablecompany'smembers as a body,for our auditwork,for this report,or for the opinions we
have formed.
```
```
Phillip J Harris BA(Hons) BFP FCA (Senior Statutory Auditor)
for and on behalf of Harris & Co (Accountants) Ltd, Statutory Auditor
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL
```
```
16 April 2023
```
```
Page 8
```
```
Commsortia Limited
```
## **`Statement of Financial Activities for the Year Ended 30 June 2022`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`3`
**`EXPENDITURE ON`**
**`Charitable activities`**
`4`
`Charitable activities`
`Other`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`2022`
`Unrestricted`
`fund`
`£`
`326,276`
`353,371`
`766`
`354,137`
`(27,861)`
`115,669`
`87,808`|`2021`
`Total`
`funds`
`£`
`1,124,555`
`1,155,111`
`-`
`1,155,111`
`(30,556)`
`146,225`
`115,669`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 9
```
```
Commsortia Limited
```
## **`Balance Sheet 30 June 2022`**
|`2022`
`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`9`
`-`
**`CURRENT ASSETS`**
`Debtors`
`10`
`351`
`Prepayments and accrued income`
`-`
`Cash at bank`
`90,144`
`90,495`
**`CREDITORS`**
`Amounts falling due within one year`
`11`
`(2,687)`
**`NET CURRENT ASSETS`**
`87,808`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`87,808`
**`NET ASSETS`**
`87,808`
**`FUNDS`**
`12`
`Unrestricted funds`
`87,808`
**`TOTAL FUNDS`**
`87,808`|`2021`
`Total`
`funds`
`£`
`437`
`6,501`
`7,409`
`168,478`
`182,388`
`(67,156)`
`115,232`
`115,669`
`115,669`
`115,669`
`115,669`|
|---|---|
```
The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issueon 16 April2023and were
signed on its behalf by:
```
```
C A Phillips - Trustee
```
```
The notes form part of these financial statements
```
```
Page 10
```
```
Commsortia Limited
```
## **`Cash Flow Statement`**
## **`for the Year Ended 30 June 2022`**
|`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Tax paid`
`Net cash used in operating activities`
**`Change in cash and cash equivalents in the`**
**`reporting period`**
**`Cash and cash equivalents at the beginning`**
**`of the reporting period`**
**`Cash and cash equivalents at the end of`**
**`the reporting period`**|`2022`
`£`
`(77,983)`
`(351)`
`(78,334)`
`(78,334)`
`168,478`
`90,144`|`2021`
`£`
`(264,129)`
`-`
`(264,129)`
`(264,129)`
`432,607`
`168,478`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 11
```
```
Commsortia Limited
```
## **`Notes to the Cash Flow Statement for the Year Ended 30 June 2022`**
## **`1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES`**
|**`Net expenditure for the reporting period (as per the Statement of`**
**`Financial Activities)`**
**`Adjustments for:`**
`Depreciation charges`
`Decrease in debtors`
`Decrease in creditors`
**`Net cash used in operations`**|`2022`
`£`
`(27,861)`
`437`
`13,910`
`(64,469)`
`(77,983)`|`2021`
`£`
`(30,556)`
`466`
`33,845`
`(267,884)`|
|---|---|---|
|||`(264,129)`|
## `2.` **`ANALYSIS OF CHANGES IN NET FUNDS`**
||`At 1/7/21`|`Cash flow`|`At 30/6/22`|
|---|---|---|---|
||`£`|`£`|`£`|
|**`Net cash`**||||
|`Cash at bank`|`168,478`|`(78,334)`|`90,144`|
||`168,478`|`(78,334)`|`90,144`|
|**`Total`**|`168,478`|`(78,334)`|`90,144`|
```
The notes form part of these financial statements
```
```
Page 12
```
```
Commsortia Limited
```
```
Notes to the Financial Statements
for the Year Ended 30 June 2022
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
```
## `Going concern`
```
Thecharityhaspreparedthefinancialstatementsonagoingconcernbasis.Thecharityisrelianton grant
fundingfromvariousbodies.Thegrantsterminateatvariousfuturedates,noneofwhicharemorethan 12
monthsfromthedateofapprovalofthefinancialstatements.However,thetrusteesanddirectors are
confidentthatfurthergrantfundingwillbeforthcomingandthatitisappropriatetopreparethe financial
statements on a going concern basis.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationis calculatedto write down the cost of the tangiblefixed assets over their expected useful lives on
a straight line basis. The useful lives are 4 years for office equipment and computer equipment.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
```
continued...
```
```
Page 13
```
```
Commsortia Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY`**
```
Asset lives
```
```
Included within fixed assets are assets and the useful lives of these assets are estimated.
```
## **`3. DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
|`Gifts`
`Contracts`
`Grants`|`2022`
`£`
`2`
`-`
`326,274`
`326,276`|`2021`
`£`
`-`
`781,355`
`343,200`|
|||`1,124,555`|
|**`4.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Support`
`Direct`
`costs (see`
`Costs`
`note 5)`
`£`
`£`
`Charitable activities`
`333,807`
`19,564`
**`5.`**
**`SUPPORT COSTS`**
`Governance`
`Management`
`costs`
`£`
`£`
`Other resources expended`
`-`
`766`
`Charitable activities`
`15,616`
`3,948`
`15,616`
`4,714`
**`6.`**
**`NET INCOME/(EXPENDITURE)`**|`Totals`
`£`
`353,371`|`Totals`
`£`
`353,371`|
|---|---|---|
|||`Totals`
`£`
`766`
`19,564`|
|||`20,330`|
||||
```
Net income/(expenditure) is stated after charging/(crediting):
```
||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|`Auditors' remuneration`|`2,700`|`3,000`|
|`Depreciation - owned assets`|`437`|`466`|
```
continued...
```
```
Page 14
```
```
Commsortia Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`7. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2022norforthe year
ended 30 June 2021.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.
```
## **`8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
## **`9.`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activities`
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 July 2021 and 30 June 2022`
**`DEPRECIATION`**
`At 1 July 2021`
`Charge for year`
`At 30 June 2022`
**`NET BOOK VALUE`**
`At 30 June 2022`
`At 30 June 2021`|`Unrestricted`
`fund`
`£`
`1,124,555`
`1,155,111`
`(30,556)`
`146,225`
`115,669`
`Computer`
`equipment`
`£`
`1,862`
`1,425`
`437`
`1,862`
`-`
`437`|
|---|---|
```
continued...
```
```
Page 15
```
```
Commsortia Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Trade debtors`
`Other debtors`
`Tax`
**`11.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Social security and other taxes`
`Accrued expenses`
**`12.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1/7/21`
`£`
`115,669`
`115,669`
`Incoming`
`resources`
`£`
`326,276`
`326,276`|`2022`
`2021`
`£`
`£`
`-`
`1`
`-`
`6,500`
`351`
`-`
`351`
`6,501`
`2022`
`2021`
`£`
`£`
`(13)`
`15,886`
`-`
`48,270`
`2,700`
`3,000`
`2,687`
`67,156`
`Net`
`movement`
`At`
`in funds`
`30/6/22`
`£`
`£`
`(27,861)`
`87,808`
`(27,861)`
`87,808`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(354,137)`
`(27,861)`
`(354,137)`
`(27,861)`|
|---|---|---|
```
continued...
```
```
Page 16
```
```
Commsortia Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`12. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1/7/20`
`£`
`146,225`
`146,225`|`Net`
`movement`
`in funds`
`£`
`(30,556)`
`(30,556)`|`At`
`30/6/21`
`£`
`115,669`|
|---|---|---|---|
||||`115,669`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`1,124,555`
`1,124,555`|`Resources`
`expended`
`£`
`(1,155,111)`
`(1,155,111)`|`Movement`
`in funds`
`£`
`(30,556)`
`(30,556)`|
|---|---|---|---|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1/7/20`
`£`
`146,225`
`146,225`|`Net`
`movement`
`in funds`
`£`
`(58,417)`
`(58,417)`|`At`
`30/6/22`
`£`
`87,808`|
|---|---|---|---|
||||`87,808`|
```
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`1,450,831`|`(1,509,248)`|`(58,417)`|
|**`TOTAL FUNDS`**|`1,450,831`|`(1,509,248)`|`(58,417)`|
```
continued...
```
```
Page 17
```
```
Commsortia Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`13. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 30 June 2022.
```
```
Page 18
```
```
Commsortia Limited
```
## **`Detailed Statement of Financial Activities for the Year Ended 30 June 2022`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Gifts`
`Contracts`
`Grants`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Sundries`
`Travel`
`Project delivery`
`Project management fees`
`Sub contract support staff`
`Marketing`
`Equipment`
`Software licence`
`Subscriptions`
`Telephone`
`Consultant`
`Bank charges`
`Irrecoverable VAT`
`Training`
`Participant expenses`
**`Support costs`**
**`Management`**
`Insurance`
`Postage and stationery`
`Rent`
`Accountancy`
`Computer equipment`
**`Governance costs`**
`Auditors' remuneration`
`Carried forward`|`2022`
`£`
`2`
`-`
`326,274`
`326,276`
`326,276`
`-`
`328`
`217,125`
`-`
`95,987`
`1,461`
`-`
`6,300`
`1,473`
`148`
`-`
`99`
`9,004`
`782`
`1,100`
`333,807`
`1,225`
`74`
`13,281`
`599`
`437`
`15,616`
`2,700`
`2,700`|`2021`
`£`
`-`
`781,355`
`343,200`|
|---|---|---|
|||`1,124,555`|
|||`1,124,555`
`3,593`
`31`
`940,966`
`33,402`
`141,341`
`225`
`763`
`2,582`
`1,647`
`66`
`55`
`173`
`5,349`
`-`
`-`|
|||`1,130,193`
`1,940`
`169`
`16,952`
`-`
`466`|
|||`19,527`
`3,000`
`3,000`|
```
This page does not form part of the statutory financial statements
```
```
Page 19
```
```
Commsortia Limited
```
## **`Detailed Statement of Financial Activities for the Year Ended 30 June 2022`**
|**`Governance costs`**
`Brought forward`
`Legal fees`
`Fines`
`Total resources expended`
**`Net expenditure`**|`2022`
`£`
`2,700`
`1,714`
`300`
`4,714`
`354,137`
`(27,861)`|`2021`
`£`
`3,000`
`2,391`
`-`
`5,391`
`1,155,111`
`(30,556)`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 20
```