ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
NEW UNITY
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1161363
Independent Examiners Ltd Unit 2,The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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NEW UNITY
(Charitable Incorporated Organisation)
CONTENTS Page 3 Legal and Administrative Information Pages 4 - 5 Trustees' Report Pages 6 Independent Examiner's Report to the Trustees Page 7 Statement of Financial Activities Page 8 Balance Sheet Pages 9 - 15 Notes to the Financial Statements
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NEW UNITY
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1161363 DATE OF REGISTRATION 21st April 2015 START OF FINANCIAL YEAR 1st April 2022 END OF FINANCIAL YEAR 31st March 2023 TRUSTEES AS AT 31ST MARCH 2023 Dr Susan Morrison Chair Dr Berenice Guyot-Rechard Grace Ann-Marie Graham Mailta Munyenyembe David Brewerton (appointed 24 July 22) Roberta Wedge (appointed 24 July 22) John Bates (resigned 24 July 22) Jenn Flandro (resigned 24 July 22) Raul Leal (resigned 24 July 22) LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Association Registered 21st April 2015 OBJECTS The advancement of Religion in accordance with the usage and practices of the Unitarian Movement. CORRESPONDENCE ADDRESS New Unity 277a Upper Street London N1 2TZ PRIMARY BANKERS CAF Bank Ltd West Mailing Kent ME19 4TA
INDEPENDENT EXAMINER Independent Examiners Ltd Unit 2,The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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NEW UNITY
(Charitable Incorporated Organisation)
TRUSTEES REPORT
FOR THE YEAR ENDED 31ST MARCH 2023
The Trustees present their annual report and the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 2015 "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published in October 2020.
Objectives and activities
New Unity was registered as a Charitable Incorporated Organisation (CIO) in April 2015.
The Objects for which the Charity is established:
The advancement of Religion in accordance with the usage and practices of the Unitarian Movement. Our intention is to inspire a vision of cooperative and compassionate community growth and development, aligned to innovation with clear Unitarian objectives. We aim to use an emotionally and culturally intelligent approach seeking multiple perspectives that foster wide engagement with our membership and local community.
Main achievements in period to 31st March 2023
This year was an exciting one for New Unity CIO, welcoming our new minister, Rev.CJ McGregor, who completes his first year this September. CJ is an excellent fit with the ministerial characteristics sought by our membership. He has been able to deliver the wishes of the congregation whilst taking a lead on some new initiatives.
The main task for me as chair was to oversee the strengthening of links both within NU and with external partners such as the UK Unitarian GA and Citizens UK. We have also focused on the end of the Heritage Lottery Fund project (due December 2023) and developed a Community Project to follow on. We hope to be an integrated initiative that unites NU and the new project.
Internally I have concentrated on team development and capacity building within our changing executive team. We have said goodbye and thankyou to our previous chair, John Bates, who so ably led NU through its incorporation to a CIO and the implementation of the Heritage Lottery Fund grant. Also leaving us were Franck Bordese, Raul Leal and Jenn Flandro, to whom we give thanks for all their services.
Joining the executive team this year have been Nick Toner who has continued to be an invaluable resource in the general management of the organisation, Grace Graham and Vick Ryder (co-opted), both returning as trustees. We have revisited NU’s priorities and considered how we can use our individual strengths to service our commitments and responsibilities. We have revised our governance and safeguarding policies and maintained our skills in EDI (equality, diversity and inclusion).
The trusteeship is very much a team effort and I would like to thank Malita Munyenyembe working as treasurer and Roberta Wedge with a focus on our wider community, both of whom have given valuable service this year but who need to pull back for the moment. David Brewerton takes the lead on Social Action, Bérénice Guyot-Rechard liaises with the Heritage project, Grace Graham has moved from vice-chair to treasurer with Vick Ryder as vice-chair focusing on our buildings.
We strive to be an inclusive community in all its many forms and aim to increase the democratic representation from our membership by being visible and available as trustees. We have continued to provide hybrid gatherings introduced during Covid and these continue to be popular. I would particularly like to thank Adam Slate ( now trainee minister at Rosslyn Hill) and Steve Champion for all their work in maintaining an active and high quality link with our on line members.
Finally, I would like to acknowledge and thank David Bidwell, our meeting house warden who keeps a meticulous oversight, preparing the building for our gatherings and other events.
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NEW UNITY
(Charitable Incorporated Organisation)
TRUSTEES REPORT Continued FOR THE YEAR ENDED 31ST MARCH 2023
Finance Overview
This was New Unity's eighth year as a standalone charity. The charity looks set to end the year in a fairly similar financial position as last year. Most of the charity's income in this period came from rentals of our two buildings, which are valuable freehold assets that the congregation is very fortunate to hold. We also continued to receive very generous pledges from our committed membership. In this financial year we also received several additional donations, and these accounts also show the large sum we received from our insurers following a significant loss of income during the pandemic. This was also the last full financial year in which we were in receipt of our National Lottery Heritage Fund grant, which will come to a close in December 2023; we’re now planning what will succeed it and how that will be funded.
Challenges came, and we rode them out as a team. The cost of living crisis had an impact on New Unity, and over the winter we navigated increases to energy bills as well as other cost pressures. And most of the financial year was overshadowed by serious problems with the pipework at New Unity's Upper Street building, an issue which has had a real effect on our finances and which were only resolved after the financial year ended. But we've weathered the storms: our staff and volunteer teams have pulled together to manage the ups and downs, with helpful support and oversight from the trustees. And it’s been a joy to see many people use our buildings for many different purposes. From congregants to renters and from wedding parties to history fans intrigued by our radical past and present, our doors are open to all. That, in the end, is the goal of our finance function: to keep our spaces and community appropriately funded and fiscally well-managed, so that it can thrive.
Reserves policy:
The trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. During the period the trustees decided to reduce the charity’s target total reserve cover from 9 months, at which it was previously set, to 6 months.
Risk :
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
Trustees' Responsibilities
The Charities Act 2011 require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to:
-
Select suitable accounting policies and apply them consistently
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observe the methods and principles in the Charities SORP 2015 (FRS 102).
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Make judgements and estimates that are reasonable and prudent
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. Select suitable accounting policies and apply them consistently
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on : 26th Sept 2023 Signed on their behalf by: Name :[Sue Morrison, Chair, NU CIO ]
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NEW UNITY
(Charitable Incorporated Organisation)
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
I report to the Trustees on my examination of the accounts of the above Charitable Incorporated Organisation ("the CIO") for the year ended 31 March 2023.
As the CIO's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
Responsibilities and basis of report
I report in respect of my examination of New Unity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since New Unity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am a fellow member of the Association of Charity Independent Examiners, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Signed :
Date : 2.10.23
K Gomes MAAT,FCIE Independent Examiners Ltd Unit 2,The Broadfields Business Centre Delling Lane ,Bosham
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NEW UNITY
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2023
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations & Legacies 4a Activities for Generating Funds 4b Investment Income 4c Charitable Activities 4d Other Incoming Resources 4e TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Activities for Generating Funds 5a Charitable Activities 5b Governance Costs 5c TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Unrealised Gains on Investments 3 Unrealised Gains on Revaluation of Assets 2 Total Funds Brought Forward as Previously Reported Prior Year Adjustment Total Funds Brought Forward as Restated TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022/23 2021/22 £ £ £ £ 65,055 88,082 153,137 204,610 93,965 - 93,965 67,625 814 - 814 - 10,740 - 10,740 5,260 30,247 - 30,247 365 |
|---|---|
| 200,821 88,082 288,903 277,860 |
|
| 21 711 732 2,992 264,402 102,291 366,693 345,481 2,168 - 2,168 2,491 |
|
| 266,591 103,002 369,593 350,965 |
|
| (65,770) (14,920) (80,690) (73,105) - - - 6,157 - - - 9,250 |
|
| 3,159,900 32,563 3,192,463 3,311,689 - (61,527) |
|
| 3,159,900 32,563 3,192,463 3,250,162 |
|
| 3,094,130 17,643 3,111,773 3,192,464 |
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 9 to 15 form part of these financial statements.
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NEW UNITY
(Charitable Incorporated Organisation)
Registration Number 1161363
BALANCE SHEET AS AT 31ST MARCH 2023
| Note Fixed Assets Tangible Assets 2 Investments 3 Total Fixed Assets Current Assets Debtors & Prepayments 9 Cash at Bank and in Hand 8 Total Current Assets 10 NET CURRENT ASSETS TOTAL ASSETSless current liabilities 11 NET ASSETS Funds of the Charity General Funds Restricted Funds 6 Total Funds Creditors: amounts falling due within one year Creditors:amounts falling due in more than one year |
Unrestricted Restricted 31-Mar-23 31-Mar-22 Funds Funds Total Total £ £ £ £ 2,901,008 16,676 2,917,684 2,979,211 - - - - |
|---|---|
| 2,901,008 16,676 2,917,684 2,979,211 |
|
| 53,728 - 53,728 38,961 169,275 967 170,242 232,906 |
|
| 223,003 967 223,970 271,867 |
|
| 29,881 - 29,881 58,614 193,122 967 194,089 213,253 |
|
| 3,094,130 17,643 3,111,773 3,192,464 - - - - |
|
| 3,094,130 17,643 3,111,773 3,192,464 |
|
| 3,094,130 3,094,130 3,159,900 - 17,643 17,643 32,563 |
|
| 3,094,130 17,643 3,111,773 3,192,464 |
The financial statements were approved , authorised and signed on their behalf by:
Approved on : 26th September 2023
Signed on their behalf by Trustee :
Printed Name: Sue Morrison, Chair, NU CIO
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NEW UNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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NEW UNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Support Costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Pensions
Pension contributions are charged to the Statement of Financial Activities as they become payable.
Unrestricted Funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted Funds
These funds are where the donor has specified a purpose for the donation made. These restrictions arise as a result of things like grant funding for specific purposes, donation appeals for specific capital works projects.
Designated Funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Land & Buildings
Land and Buildings are initially valued and included within the accounts subsequently measured at cost or valuation, net of depreciation.
Depreciation Expense
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold Land and Buildings
2% Straight Line
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NEW UNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
2. TANGIBLE FIXED ASSETS
| Cost 01-Apr-22 Additions Revaluations Cost Value at 31-Mar-23 Depreciation 01-Apr-22 Charge Depreciation at 31-Mar-23 Net Book Value 31-Mar-23 Net Book Value 31-Mar-22 |
Newington Land & Unity Newington Green Fixtures Green School Unitarian 2nd Floor Flat Fittings & 2022/23 Church Hall Church 1 Church Walk Equipment Total £ £ £ £ £ £ 1,543,692 707,757 673,228 151,662 25,925 3,102,264 - - - - - - - - - Land & Buildings |
|---|---|
| 1,543,692 707,757 673,228 151,662 25,925 3,102,264 |
|
| 61,748 28,310 26,929 6,066 - 123,053 30,874 14,155 13,465 3,033 - 61,527 |
|
| 92,622 42,465 40,394 9,099 - 184,580 |
|
| 1,451,070 665,292 632,834 142,563 25,925 2,917,684 |
|
| 1,481,944 679,447 646,299 145,596 25,925 2,979,211 |
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2023 : None
31st March 2022 : None
3. INVESTMENTS
| Market Value at 01-Apr-22 Additions Disposals Unrealised Gains/Losses Realised Gains/Losses Market Value at 31-Mar-23 |
M&G 2022/23 2021/22 Investment TOTAL TOTAL Charifund £ £ £ |
|---|---|
| 0 0 105,192 |
|
| - - |
|
| - - 111,349 |
|
| - - |
|
| - - 6,157 |
|
| 0 0 0 |
The Charity sold an investment with M&G Investments comprising 399.176 units at a sale price of £278.95 per unit giving a realised value as at the 20th December, 2021 of £111,348.99 and now held as cash.
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NEW UNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
4. INCOMING RESOURCES
| Note a) Donations & Legacies Gifts, Tithes & Offerings Gift Aid Tax Recovered Grants (excluding Government) b) Activities for Generating Funds Rental Income c) Investment Income Interest Received d) Charitable Activities Activities & Events e) Other Incoming Resources Sundry Income |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022/23 2021/22 £ £ £ £ 43,143 3,205 46,348 58,550 8,769 - 8,769 10,512 13,142 84,877 98,019 135,548 |
|---|---|
| 65,055 88,082 153,137 204,610 |
|
| 93,965 - 93,965 67,625 |
|
| 93,965 - 93,965 67,625 |
|
| 814 - 814 - |
|
| 814 - 814 - |
|
| 10,740 - 10,740 5,260 |
|
| 10,740 - 10,740 5,260 |
|
| 30,247 30,247 365 |
|
| 30,247 - 30,247 365 |
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NEW UNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST MARCH 2023
5. RESOURCES EXPENDED
| Note a) Activities for Generating Funds Fundraising Costs b) Charitable Activities Activities & Projects Costs Advertising & Publicity Bank Charges Bad Debts (Pledges) Contractors Costs Depreciation Equipment Costs I.T Costs Insurance Costs Licenses & Subscriptions Minister's Accommodation Costs Music Costs Office Costs Pension Costs 12 Pulpit & Worship Costs Rental Costs Repairs & Maintenance Salaries & Wages 12 Sundry Costs Telephone Costs Training Costs Travel & Subsistence Utility Costs Volunteer Costs ` c) Governance Costs |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022/23 2021/22 £ £ £ £ 21 711 732 2,992 |
|---|---|
| 21 711 732 2,992 |
|
| 140 - 140 124 3,232 - 3,232 2,968 161 - 161 534 - - - 5,517 40,839 55,807 96,646 137,709 61,527 - 61,527 61,527 4,333 1,035 5,368 3,726 1,795 290 2,086 5,395 5,623 - 5,623 5,312 3,479 122 3,601 6,990 1,738 - 1,738 2,005 - - - 95 286 445 731 1,858 2,666 - 2,666 4,785 2,147 - 2,147 274 57 - 57 1,067 40,411 5,888 46,299 15,475 63,384 35,772 99,156 72,299 3,401 1,415 4,816 2,014 981 940 1,920 2,358 174 308 482 120 6,220 269 6,488 37 21,246 - 21,246 13,293 564 - 564 - |
|
| 264,402 102,291 366,693 345,481 |
|
| Independent Examiner's Fee 10 |
1,740 - 1,740 1,680 |
| Legal & Professional Fees | 428 - 428 811 |
| 2,168 - 2,168 2,491 |
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NEW UNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
6. RESTRICTED FUNDS
| Heritage Lottery Project (HLP) Pipework Repairs Heritage Lottery Project (HLP) |
Balance Balance 01-Apr-22 Income Expenditure Investment Transfers 31-Mar-23 £ £ £ £ £ £ 32,564 84,877 99,797 - - 17,644 - 3,205 3,205 - - - |
|---|---|
| 32,564 88,082 103,002 - - 17,644 |
|
| Balance Balance 01-Apr-21 Income Expenditure Investment Transfers 31-Mar-22 £ £ £ £ £ £ 38,893 142,753 149,082 - - 32,564 |
|
| 38,893 142,753 149,082 - - 32,564 |
8. CASH AT BANK AND IN HAND
| 8. CASH AT BANK AND IN HAND | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Fund | Fund | 31-Mar-23 | 31-Mar-22 | |
| £ | £ | £ | £ | |
| Cash at Bank & in Hand | 169,275 | 967 | 170,242 | 232,906 |
| 169,275 | 967 | 170,242 | 232,906 | |
| 9. DEBTORS AND PREPAYMENTS | ||||
| Unrestricted | Restricted | Total | Total | |
| Fund | Fund | 31-Mar-23 | 31-Mar-22 | |
| £ | £ | £ | £ | |
| Sundry Debtors | 47,414 | - | 47,414 | 33,338 |
| Prepayments | 6,314 | - | 6,314 | 5,623 |
| 53,728 | - | 53,728 | 38,961 | |
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Unrestricted | Restricted | Total | Total | |
| Fund | Fund | 31-Mar-23 | 31-Mar-22 | |
| £ | £ | £ | £ | |
| Rental Deposits | 16,196 | - | 16,196 | 9,497 |
| Sundry Creditors | 12,005 | - | 12,005 | 12,634 |
| Independent Examiner's Fee | 1,680 | - | 1,680 | 1,680 |
| Prepayments | - | - | - | 34,804 |
| 29,881 | - | 29,881 | 58,614 |
11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial period.
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NEW UNITY
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
12. STAFF COSTS AND NUMBERS
| 12. STAFF COSTS AND NUMBERS | |
|---|---|
| 2022/23 £ Gross Wages & Salaries 94,368 Employer's National Insurance Costs 4,788 Pension Contributions 2,666 101,822 Employees who were engaged in each of the following activities: 2022/23 TOTAL Activities in furtherance of organisation's objects 5 5 |
2021/22 £ 70,458 1,841 4,785 |
| 77,084 | |
| 2021/22 TOTAL 3 |
|
| 3 |
No employees received emoluments in excess £60,000 (2021/22: None)
13. TRUSTEES AND OTHER RELATED PARTIES
John Bates received the sum of £857.85 as a leaving gift, made up of designated donations solely collected for this purpose. No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.
14. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake
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