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2022-12-31-accounts
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Page |
| Reference and administrative |
details ofthe Charity, |
its Trustees |
and advisers |
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Trustees'
report |
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2-5 |
Independent
auditors'
report |
on the financial statements |
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6-9 |
Consolidated
statement
offinancial activities |
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10 |
Consolidated
balance sheet |
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| Charity balance sheet |
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12 |
| Notes to the financial statements |
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13-29 |
| Trustees |
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J Bonehill |
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A Claytor (resigned |
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4 |
July 2022) |
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A Dodds |
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S Dukes |
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J Fleming |
(appointed |
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21 November |
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2022) |
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T Levitt |
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R Maverick (appointed |
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9 November |
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2022) |
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L Melvin |
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J Moore (appointed |
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9 |
November |
2022) |
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| Company |
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registered |
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| number |
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08991099 |
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| Charity registered |
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| number |
and |
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Scottish |
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| Charity registered |
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| number |
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11618098 SC046556 |
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| Registered |
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office |
Unit 8 |
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Elm Court |
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Meriden
Business Park |
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Copse Drive |
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Coventry |
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CV5 9RG |
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| Company |
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secretary |
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C Bennett |
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| Chief executive officer |
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S Dukes |
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| Independent |
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auditors |
Bishop Fleming |
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LLP |
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Chartered |
Accountants |
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1-3College Yard |
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Worcester |
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WR1 2LB |
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Unrestricted |
Total |
Total |
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funds |
funds |
funds |
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2022 |
2022 |
2021 |
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Note |
F |
E |
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| INCOME FROM: |
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| Donations |
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1,312,557 |
1,312,557 |
97,083 |
Charitable
activities |
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1,150 |
Other trading
activities |
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4,343,232 |
4,343,232 |
4,360,215 |
| Other income |
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404,773 |
404,773 |
536,643 |
| TOTAL INCOME |
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6,060,562 |
6,060,562 |
4,995,091 |
| EXPENDITURE ON: |
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| Raising funds for trading |
|
activities |
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4,748,110 |
4,748,110 |
4,696,135 |
Charitable
activities |
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2,520 |
2,520 |
3,037 |
| TOTAL EXPENDITURE |
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4,750,630 |
4,750,630 |
4,699,172 |
| NET MOVEMENT |
IN FUNDS |
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1,309,932 |
1,309,932 |
295,919 |
| RECONCILIATION |
OF |
FUNDS: |
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| Total funds brought |
forward |
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1,969,905 |
1,969,905 |
1,673,986 |
Net movement
in funds |
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1,309,932 |
1,309,932 |
295,919 |
| TOTAL FUNDS CARRIED FORWARD |
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3,279,837 |
3,279,837 |
1,969,905 |
| Unrestricted |
Total |
Total |
| funds |
funds |
funds |
| 2022 |
2022 |
2021 |
| F |
E |
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| 1,312,557 |
1,312,557 |
97,083 |
| Unrestricted |
Total |
Total |
| funds |
funds |
funds |
2022
E |
2022f |
2021
E |
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1,150 |
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Unrestricted |
Total |
Total |
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funds |
funds |
funds |
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2022f |
2022 |
2021 |
| Sales |
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1,401,765 |
1,401,765 |
1,362,400 |
| Interest |
income |
2,941,467 |
2,941,467 |
2,997,815 |
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4,343,232 |
4,343,232 |
4,360,215 |
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Unrestricted |
Total |
Total |
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funds |
funds |
funds |
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2022 |
2022 |
2021 |
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E |
E |
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| Other |
operating |
income |
404,773 |
404,773 |
536,643 |
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Unrestricted |
Total |
Total |
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funds |
funds |
funds |
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2022f |
2022f |
2021
F |
| Trading expenses |
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2,757,621 |
2,757,621 |
2,616,519 |
| Staff costs |
|
1,044,972 |
1,044,972 |
1,189,139 |
| Depreciation |
and amortisation |
217,002 |
217,002 |
126,831 |
| Marketing |
|
208,198 |
208,198 |
324,971 |
| Administration |
expenses |
1,787 |
1,787 |
5 |
| Interest payable |
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501,015 |
501,015 |
426,249 |
| Administration |
staff costs |
17,515 |
17,515 |
12,421 |
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4,748,110 |
4,748,110 |
4,696,135 |
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Unrestricted |
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funds |
Total |
Total |
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2022 |
2022 |
2021 |
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F |
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E |
| Support |
costs |
2,520 |
2,520 |
3,037 |
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Other |
costs |
Total |
Total |
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2022f |
2022f |
2021
E |
| Support |
costs |
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2,520 |
2,520 |
3,037 |
| TOTAL |
2021 |
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3,037 |
3,037 |
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Support |
Total |
Total |
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costs |
funds |
funds |
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2022f |
2022
E |
2021 |
| Charitable |
activities |
2,52Q |
2,520 |
3,Q37 |
| TOTAL 2021 |
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3,037 |
3,037 |
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Total |
Total |
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funds |
funds |
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2022 |
2021 |
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E |
| Audit fees |
2,520 |
2,520 |
| Insurance |
|
470 |
| Genera! costs |
|
47 |
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2,520 |
3,037 |
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2022f |
2021 |
| Fees payable |
to the Charity's |
auditor |
for |
the audit ofthe Group's |
annual |
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| accounts |
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22„750 |
18,700 |
| Fees payable |
to the Charity's |
auditor |
in respect of: |
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All taxation
advisory services |
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not included |
|
above |
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1,815 |
1,650 |
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Group |
Group |
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2022 |
2021 |
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f. |
E |
| Wages and |
salaries |
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856,211 |
1,002,287 |
| Social security costs |
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122,304 |
113,547 |
| Contribution |
to defined |
contribution |
pension schemes |
83,972 |
85,726 |
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1,062,487 |
1,201,560 |
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Group |
Group |
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2022 |
2021 |
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No. |
No. |
| Employees |
29 |
36 |
| Group |
Group |
| 2022 |
2021 |
| No. |
No. |
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Development |
|
expenditure |
| COST |
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| At 1 January 2022 |
583,935 |
| Additions |
386,300 |
| At 31 December 2022 |
970,235 |
| AMORTISATION |
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| At 1 January 2022 |
195,368 |
| Charge for the year |
199,974 |
| At 31 December 2022 |
395,342 |
| NET BOOK VALUE |
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| At 31 December 2022 |
574,893 |
| At 31 December 2021 |
388,567 |
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Fixtures and |
Office |
Computer |
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fittingsf |
equipment |
equipment |
Total
E |
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COST OR VALUATION |
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At 1 January 2022 |
64,864 |
6,103 |
17,243 |
88,210 |
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Additions |
4,163 |
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4,163 |
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At 31 December 2022 |
69,027 |
6,103 |
17,243 |
92,373 |
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DEPRECIATION |
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At 1 January 2022 |
27,535 |
6,103 |
17,243 |
50,881 |
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Charge for the year |
17,028 |
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17,028 |
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At 31 December 2022 |
44,563 |
6,103 |
17,243 |
67,909 |
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NET BOOK VALUE |
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At 31 December 2022 |
24,464 |
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24,464 |
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At 31 December 2021 |
37,329 |
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37,329 |
| 16. |
DEBTORS |
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Group |
Group |
Charity |
Charity |
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2022 |
2021 |
2022 |
2021 |
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F |
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f. |
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DUE WITHIN ONE YEAR |
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Trade debtors |
175,703 |
250,279 |
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Amounts
owed by group undertakings |
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|
6,023 |
3,623 |
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Other debtors |
8,862,541 |
7,331,752 |
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Prepayments
and accrued income |
137,805 |
88,156 |
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|
9,176„049 |
7,670,187 |
6,023 |
3,623 |
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Group |
Group |
Charity |
Charity |
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2022 |
2021 |
2022f |
2021 |
| Other loans |
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|
250,011 |
1,745,960 |
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| Trade creditors |
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|
570,083 |
708,307 |
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| Other taxation |
and social security |
|
33,047 |
136,994 |
|
|
| Accruals and deferred |
|
income |
525,591 |
768,377 |
7,610 |
5,090 |
|
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|
1,378,732 |
3,359,638 |
7,610 |
5,090 |
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Group |
Group |
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2022 |
2021 |
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f |
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| Other loans |
|
6,194,085 |
3,756,957 |
Included
within the above are amounts |
falling due as follows: |
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Group |
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|
Group |
As restated |
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2022
f |
2021 |
| BETWEEN ONE AND TWO YEARS |
|
|
|
| Other loans |
|
3,404,029 |
2,504,040 |
| BETWEEN TWO AND FIVE YEARS |
|
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| Other loans |
|
1,349,696 |
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| OVER FIVE YEARS |
|
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| Other loans |
|
1„440,360 |
1,252,917 |
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Balance at |
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Balance at 1 |
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31 |
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January |
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|
December |
|
2022 |
Income |
Expenditure |
2022 |
|
E |
F |
f. |
f, |
| UNRESTRICTED FUNDS |
|
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|
| General Funds - all funds |
(1,627,178) |
4,748,005 |
(4,750,630) |
(1,629,803) |
| Other income |
3,597,083 |
1,312,557 |
|
4,909,640 |
|
1,969,905 |
6,060,562 |
(4,750,630) |
3,279,837 |
|
Balance at |
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Balance at |
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1 January |
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31 |
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2019(as |
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|
December |
|
restated) |
Income |
Expenditure
E |
2021f |
| UNRESTRICTED FUNDS |
|
|
|
|
| General Funds - all funds |
(1,826,014) |
4,898,008 |
(4,699,172) |
(1,627,178) |
| Other income |
3,500,000 |
97,083 |
|
3,597,083 |
|
1,673,986 |
4,995,091 |
(4,699,172) |
1,969,905 |
|
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|
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Balance at |
|
Balance at 1 |
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|
31 |
|
January |
|
|
December |
|
2022 |
Income |
Expenditure |
2022 |
|
|
E |
|
E |
| General funds |
1,969,905 |
6,060,562 |
(4,750,630) |
3,279,837 |
| SUMMARY OF FUNDS - PRIOR YEAR |
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Balance at |
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Balance at |
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31 |
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1 January |
|
|
December |
|
2021 |
Income |
Expenditure |
2021 |
|
|
|
E |
f. |
| General funds |
1,673,986 |
4,995,091 |
(4,699,172) |
1,969,905 |
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Unrestricted |
Total |
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|
funds |
funds |
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|
2022 |
2022 |
|
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F |
|
| Tangible |
fixed |
assets |
|
24,464 |
24,464 |
| Intangible |
fixed |
|
assets |
574,893 |
574,893 |
| Current assets |
|
|
|
10,253,297 |
10,253,297 |
| Creditors |
due |
within one year |
|
(1,378,732) |
(1,378,732) |
| Creditors |
due |
in more than one year |
|
(6,194,085) |
(6,194,085) |
| TOTAL |
|
|
|
3,279,837 |
3,279,837 |
|
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Unrestricted |
Total |
|
|
funds |
funds |
|
|
2021 |
2021 |
| Tangible |
fixed assets |
37,329 |
37,329 |
| Intangible |
fixed assets |
388,567 |
388,567 |
| Current assets |
|
8,660,604 |
8,660,604 |
| Creditors |
due within one year |
(3,359,638) |
(3,359,638) |
| Creditors |
due in more than one year |
(3,756,957) |
(3,756,957) |
| TOTAL |
|
1,969,905 |
1,969,905 |
| payments |
und |
er non-cancellable
operating
leases as follows: |
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Group |
Group |
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2022 |
2021 |
| Not later than |
|
1 year |
'I5,780 |
30,030 |
| Later than |
1 year and not later than 5years |
|
|
14,250 |
|
|
|
15,780 |
44,280 |