**REGISTERED COMPANY NUMBER: 09195621 (England and Wales) REGISTERED CHARITY NUMBER: 1160269**
## Report of the Trustees and
Financial Statements for the Year Ended 31 August 2023
for
## DT38 FOUNDATION
JPW ACCOUNTANCY SERVICES & MANAGEMENT CONSULTANTS Chartered Certified Accountants
48 Sandy Lane South, Wallington, Surrey, SM6 9RQ
DT38 FOUNDATION
Contents of the Financial Statements for the Year Ended 31 August 2023
|||Page||
|---|---|---|---|
|Report of the Trustees||1||
|Independent Examiner's Report||2||
|Statement of Financial Activities||3||
|Balance Sheet|4|to|5|
|Notes to the Financial Statements|6|to|13|
|Detailed Statement of Financial Activities|14|to|15|
DT38 FOUNDATION
Report of the Trustees
for the Year Ended 31 August 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
09195621 (England and Wales)
## **Registered Charity number**
1160269
## **Registered office**
TIME CENTRAL 32 GALLOWGATE NEWCASTLE UPON TYNE NE14BF
## **Trustees**
Joe Harry John Sealey Company Director Tracy Lee Tombides Company Director Taylor James Tombides Company Director Jonathan Whinfield Sweet Company Director Michele Virginia Verroken Company Director Nicole Toni Sealey Company Director Jim Tombides Retired
## **Company Secretary**
Muckle Secretary Limited
## **Independent Examiner**
JPW ACCOUNTANCY SERVICES & MANAGEMENT CONSULTANTS Chartered Certified Accountants 48 Sandy Lane South, Wallington, Surrey, SM6 9RQ
Approved by order of the board of trustees on 22 March 2024 and signed on its behalf by:
Tracy Lee Tombides - Trustee
Page 1
## Independent Examiner's Report to the Trustees of DT38 FOUNDATION
## **Independent examiner's report to the trustees of DT38 FOUNDATION ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Janet Wallace,
JPW ACCOUNTANCY SERVICES & MANAGEMENT CONSULTANTS Chartered Certified Accountants
48 Sandy Lane South, Wallington, Surrey, SM6 9RQ
22 March 2024
Page 2
DT38 FOUNDATION
## Statement of Financial Activities for the Year Ended 31 August 2023
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
2
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
3
Programme Activities
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
22,282
25,651
47,933
8,145
23,577
27,551
59,273
(11,340)
280
(11,060)|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-|31.8.23
Total
funds
£
22,282
25,651
47,933
8,145
23,577
27,551
59,273
(11,340)
280
(11,060)|31.8.22
Total
funds
£
51,690
28,035
79,725
1,563
21,498
26,673
49,734
29,991
(29,711)
280|
|---|---|---|---|---|
The notes form part of these financial statements
Page 3
DT38 FOUNDATION
## Balance Sheet
## 31 August 2023
|Notes
**FIXED ASSETS**
Intangible assets
8
Tangible assets
9
**CURRENT ASSETS**
Stocks
10
Cash at bank
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
LIABILITIES
**CREDITORS**
Amounts falling due after more than one year
12
**NET ASSETS**
**FUNDS**
14
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
8,479
-
8,479
-
6,769
6,769
(5,969)
800
9,279
(20,339)
(11,060)|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-|31.8.23
Total
funds
£
8,479
-
8,479
-
6,769
6,769
(5,969)
800
9,279
(20,339)
(11,060)
(11,060)
(11,060)|31.8.22
Total
funds
£
8,479
344
8,823
10,400
21,676
32,076
(9,880)
22,196
31,019
(30,739)
280
280
280|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
DT38 FOUNDATION
Balance Sheet - continued
## 31 August 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22 March 2024 and were signed on its behalf by:
Tracy Lee Tombides - Trustee
The notes form part of these financial statements
Page 5
DT38 FOUNDATION
Notes to the Financial Statements for the Year Ended 31 August 2023
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Computer - Fours years on a straight line basis with nil residual value
- Office Equipment - Four years on a straight line basis with nil residual value
- Fixtures and Fittings - Ten years on a straight line basis with nil residual value
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 6
DT38 FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
|**2.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Merchandise income
**3.**
**CHARITABLE ACTIVITIES COSTS**
Media & promotions
Events Costs
Launching costs
Website development
**4.**
**SUPPORT COSTS**
Management
£
Other resources expended
10,864
Programme Activities
-
10,864
Support costs, included in the above, are as follows:
**Management**
Insurance & Trademarking
Telephone
Office Costs
Rent
Depreciation of tangible and heritage assets|Finance
£
105
-
105|31.8.23
31.8.22
£
£
25,651
25,170
-
2,865
25,651
28,035
GENERAL
SUPPORT
TOTAL
£
£
£
358
72
430
11,979
2,419
14,398
27,714
5,596
33,310
3,352
677
4,029
43,403
8,764
52,167
Information
Governance
technology
costs
Totals
£
£
£
-
841
11,810
1,000
-
1,000
1,000
841
12,810
31.8.23
31.8.22
Other
resources
Total
expended
activities
£
£
861
812
591
436
1,868
2,096
7,200
7,200
344
491
10,864
11,035|31.8.22
£
25,170
2,865
28,035
TOTAL
£
430
14,398
33,310
4,029|31.8.22
£
25,170
2,865|
|---|---|---|---|---|
|||||28,035|
|||||52,167|
|||||Totals
£
11,810
1,000|
|||||12,810|
|||||31.8.22
Total
activities
£
812
436
2,096
7,200
491|
|||||11,035|
continued...
Page 7
DT38 FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
## **4. SUPPORT COSTS - continued Finance**
|**4.**|**SUPPORT COSTS - continued**
**Finance**|||
|---|---|---|---|
|||31.8.23|31.8.22|
|||Other||
|||resources|Total|
|||expended|activities|
|||£|£|
||Bank charges|105|104|
||**Information technology**|||
|||31.8.23|31.8.22|
|||Programme|Total|
|||Activities|activities|
|||£|£|
||Postage and stationery|1,000|-|
||**Other**|||
|||31.8.23|31.8.22|
|||Total|Total|
|||activities|activities|
|||£|£|
||Sundries|-|215|
||**Governance costs**|||
|||31.8.23|31.8.22|
|||Other||
|||resources|Total|
|||expended|activities|
|||£|£|
||Accountancy and legal fees|841|3,341|
|**5.**|**NET INCOME/(EXPENDITURE)**|||
||Net income/(expenditure) is stated after charging/(crediting):|||
|||31.8.23|31.8.22|
|||£|£|
||Depreciation - owned assets|344|491|
continued...
Page 8
DT38 FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
One of the trustees were paid rental income for the dedicated provision for rental office /storage space of £7,200.00.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Programme Activities
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
51,690
28,035
79,725
1,563
21,498
26,673
49,734
29,991
(29,711)
280|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-|Total
funds
£
51,690
28,035
79,725
1,563
21,498
26,673
49,734
29,991
(29,711)
280|
|---|---|---|---|
continued...
Page 9
DT38 FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
## **8. INTANGIBLE FIXED ASSETS**
|**COST**
At 1 September 2022 and 31 August 2023
**AMORTISATION**
At 1 September 2022 and 31 August 2023
**NET BOOK VALUE**
At 31 August 2023
At 31 August 2022
**9.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 September 2022 and 31 August 2023
**DEPRECIATION**
At 1 September 2022
Charge for year
At 31 August 2023
**NET BOOK VALUE**
At 31 August 2023
At 31 August 2022
**10.**
**STOCKS**
Finished goods|Fixtures
and
fittings
£
1,501
1,501
-
1,501
-
-|Computer
equipment
£
2,457
2,113
344
2,457
-
344
31.8.23
£
-||Patents
and
licences
£
3,494
(4,985)
8,479
8,479
Totals
£
3,958
3,614
344
3,958
-
344
31.8.22
£
10,400|
|---|---|---|---|---|
continued...
Page 10
DT38 FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
|**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other loans (see note 13)
Trade creditors
Other creditors
**12.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Other loans (see note 13)
**13.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
**14.**
**MOVEMENT IN FUNDS**
At 1.9.22
£
**Unrestricted funds**
General fund
280
**TOTAL FUNDS**
280
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
47,933
**TOTAL FUNDS**
47,933||
|---|---|
|||
|||
continued...
Page 11
DT38 FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
## **14. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.9.21
£
**Unrestricted funds**
General fund
(29,711)
**TOTAL FUNDS**
(29,711)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
79,725
**TOTAL FUNDS**
79,725
A current year 12 months and prior year 12 months combined position is as follows:
At 1.9.21
£
**Unrestricted funds**
General fund
(29,711)
**TOTAL FUNDS**
(29,711)|Net
movement
At
in funds
31.8.22
£
£
29,991
280
29,991
280
Resources
Movement
expended
in funds
£
£
(49,734)
29,991
(49,734)
29,991
Net
movement
At
in funds
31.8.23
£
£
18,651
(11,060)
18,651
(11,060)|
|---|---|
|A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as|A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as|A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as|A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as|
|---|---|---|---|
|follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|127,658|(109,007)|18,651|
|**TOTAL FUNDS**|127,658|(109,007)|18,651|
continued...
Page 12
DT38 FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
## **15. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2023.
Page 13
DT38 FOUNDATION
Detailed Statement of Financial Activities for the Year Ended 31 August 2023
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations
**Other trading activities**
Fundraising events
Merchandise income
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Merchandise costs
**Other trading activities**
Purchases
**Charitable activities**
Advertising
Events Cost
Website
**Other**
Accommodation & Travel
Other office costs
Book-keeping & Accounting
Management fee
**Support costs**
**Management**
Insurance & Trademarking
Telephone
Office Costs
Carried forward|31.8.23
£
-
22,282
22,282
25,651
-
25,651
47,933
8,145
-
12,175
9,226
1,176
22,577
3,000
2,241
5,500
5,000
15,741
861
591
1,868
3,320|31.8.22
£
1
51,689|
|---|---|---|
|||51,690
25,170
2,865|
|||28,035|
|||79,725
-
1,563
8,688
11,622
1,188|
|||21,498
3,228
-
3,750
5,000|
|||11,978
812
436
2,096
3,344|
This page does not form part of the statutory financial statements
Page 14
DT38 FOUNDATION
## Detailed Statement of Financial Activities
for the Year Ended 31 August 2023
|Detailed Statement of Financial Activities
for the Year Ended 31 August 2023|||
|---|---|---|
|**Management**
Brought forward
Rent
Computer equipment
**Finance**
Bank charges
**Information technology**
Postage and stationery
**Other**
Sundries
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|31.8.23
£
3,320
7,200
344
10,864
105
1,000
-
841
59,273
(11,340)|31.8.22
£
3,344
7,200
491|
|||11,035
104
-
215
3,341|
|||49,734|
|||29,991|
This page does not form part of the statutory financial statements
Page 15