Company Registration Number - 08092010 08092010 The Charity Registration Number is :- 1162405
Expia Limited
Report and Accounts
31 March 2024
## **Expia Limited**
## **Report and accounts for the year ended 31 March 2024**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||9|
|**Independent Examiner's Report**||11|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||13|
|Movements in funds||15|
|Income and Expenditure account||16|
|**Balance sheet**||17|
|**Notes to the accounts**||18|
## **Expia Limited**
Company Registration Number - 08092010
## **Trustees' Annual Report for the year ended 31 March 2024**
The Trustees present their Report and Accounts for the year ended 31 March 2024, which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- Expia Limited.
The charity is also known by its operating name, N/A.
_**The charity's areas operation and UK charitable registration.**_
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1162405.
.
The charity does not operate in any overseas jurisdictions.
## _**Legal structure of the charity**_
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
1
## **Expia Limited**
Company Registration Number - 08092010
## **Trustees' Annual Report for the year ended 31 March 2024**
## **The principal operating address, telephone number, email and web addresses of the charity are:-**
Expia House 106 Grove Road, Portland Dorset, DT5 1DZ
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
## **The Trustees in office on the date the report was approved were:-**
Sally Birch Alpheus Durrant Peter Lewis Graham Metcalf Susan Munts Stephen Butler
## **The following persons served as Trustees during the year ended 31 March 2024 :-**
The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:-.
|**_Name_**|**_Appointed_**|**_Resigned/Retired_**|
|---|---|---|
|**_Sally Birch_**|||
|**_Alpheus Durrant_**|||
|**_Graham Metcalf_**|||
|**_Susan Munts_**|||
|**_Stephen Butler_**|||
|**_Geoffrey Horton_**||**_27 June 2023_**|
|**_Peter Lewis_**|**_27 June 2023_**||
2
## **Expia Limited**
Company Registration Number - 08092010
## **Trustees' Annual Report for the year ended 31 March 2024**
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
The principal objects of the Charity as set out in the Memorandum and Articles of Association is to promote social inclusion of those who are socially excluded as a result of an individual being a convicted offender starting to make reparation for their crime.
## _**The main activities undertaken in relation to those purposes during the year.**_
Expia’s staff and Board have worked tirelessly this year to ensure the office base and new Jailhouse diner has come to fruition, without affecting the existing café at HMP The Verne and the various prison visits.
We have continued to work with the local prisons and prisoners by supporting their various workshops teaching new skills that can be transferred on their release.
Having a new base has enabled us to expand our work in the successful rehabilitation of offenders.
Expia has worked closely with Community Payback and Probation offering placements to ensure better outcomes for people on probation.
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
The Directors have given due regard to public benefit when planning the Charity’s activities, in accordance the Charity Commission’s General Guidance on Public Benefit. The paragraphs below set out our activities, achievements and performance during the year, which are directly related to the objects and purposes for which the Charity exists.
These benefits are directly related to the aims of the charity and are totally compliant with the Charity Commission principles on Public Benefit
3
## **Expia Limited**
Company Registration Number - 08092010
## **Trustees' Annual Report for the year ended 31 March 2024**
## **The main achievements and performance of the charity during the year.**
Opening the diner and our new base has been a success, bringing a new facility and services to one of the island’s most deprived communities which had lost all its services and meeting places over the last eight years. A soft opening of the Diner took place in June 2023. This enabled us to train up new staff and ensure the menu and Diner offer was good. Expia has managed to arrange a variety of community events that have been well supported by the local community.
Expia has worked closely with the prisons supporting prisoners by providing tools and equipment in the various prison workshops. The bicycle workshop has been a great success with Expia being able to offer the recycled bikes for sale to the local community at a reduced price. The woodwork shop at HMP the Verne has produced some very good wooden products, including fruit bowls, tables and Garden flower tubs. Expia forged a partnership with the local Stone companies to provide stone and we purchased the saw to enable the Stone workshop to produce quality Portland stone items. These are very popular with locals and visitors alike.
We continue to work with community Payback which is an alternative to custody. Every week the local supervisors of community Payback bring their clients to our farm shop location to undertake general maintenance and clearance of the gardens and public spaces around the gardens. It is a way of helping to create better outcomes for people on probation and improve our communities.
4
## **Expia Limited**
Company Registration Number - 08092010
## **Trustees' Annual Report for the year ended 31 March 2024**
## _**The difference the charity's performance during the year has made to the beneficiaries of the charity.**_
Expia continues to support and employ ex offenders, one of whom has successfully developed his skills and abilities and is now the manager of the Diner.
Most prisoners who are released have someone to collect them but there are some that come out of prison with no one, it can be overwhelming and they generally have a mix of emotions. Relief and anxiety are often a trait for those released and it can be daunting if they have no initial support. We will always go and speak with those that are released and look like they’re not being collected some are wary but find that sitting in the Diner with a free drink and a chat if needed, enables them to collect their thoughts . We have our ex offender staff to talk to newly released prisoners to ascertain if they need any help. We can authorise a free breakfast and drink if they need to wait awhile and the use of the telephone for a call.
We believe it is important to show compassion to those that have served their time and have an immediate impression that people do care about others when they are released. We have had very positive feedback and thanks from individuals that our staff have taken the time to engage with when they are released.
Our staff who have had experience of being in prison are also very supportive of families who arrive to visit incarcerated loved ones sometimes for the first time. They take time to talk through the process of Visits what to consider and what to expect once they get there.
This extra responsibility that has been given to our ex-offenders is also proving to be a good thing for them in their own personal development and understanding how their crimes impacted on their own loved ones.
Expia continues to support the various visits within the 3 prisons, (HMP Guys Marsh. HMP Portland and HMP The Verne) including the family visits where we provide or pay for the food.
5
## **Expia Limited**
Company Registration Number - 08092010
## **Trustees' Annual Report for the year ended 31 March 2024**
## _**The degree to which the achievements and performance during the year have benefited wider society.**_
The room on the lower ground floor has been promoted as a meeting venue, activity room or buffet area for functions. We have held community meetings regarding the quarrying of local quarries. The concerns of local residents were addressed at a public meeting that was held in the Diner free of charge, to the local community. The Diner has proved very popular with local older residents who enjoy meeting and socialising over a coffee and a cake. We had a very successful quiz night for local residents on a Friday evening that was very well attended and we have been asked to do it again.
At the start of 2024 we started to promote the venue for community use and we have been able to secure some events that have been extremely successful and are new activities for residents to attend. The introduction of a Mother’s Day and Halloween event at the Diner was very successful and these type of celebration events will be developed further including Easter and Christmas. We will focus on multigenerational gatherings that can help foster a sense of community and bring people of different ages and backgrounds together encouraging meaningful connections.
We introduced several promotions for residents to encourage social engagements and help support small local groups. An early morning breakfast promotion for residents of the Grove and coffee and cake mornings as trial. We have also opened in the evenings to host community engagement events free of charge. Since promoting the Diner as a community venue we have started to receive enquiries to hold parties and wedding receptions. We have held our first two receptions and the feedback has been extremely positive. We aim to build on this type of activity and include children’s parties.
We have introduced affordable children’s menu during holidays and weekends to encourage those less affluent to attend the Diner and enjoy everything it has to offer.
## **Structure, governance and management of the charity**
## _**The methods used to recruit and appoint new charity trustees.**_
The board of trustees actively look to recruit new members to the board from the local community. Once suitable candiates are identified, and express a willingness to serve, they are then trained in the vision and ethos of the charity. The board of trustees as a whole vote on the appointment of new trustees, and there are no third party powers of appointment.
Bankers Accountants
Lloyds Bank, 92 ST Mary Street, Weymouth DT4 8PA Taylors Accountants, 23 Whitehill, Puddletown, Dorchester, Dorset DT2 8SB
6
## **Expia Limited**
Company Registration Number - 08092010
## **Trustees' Annual Report for the year ended 31 March 2024**
## **Financial review**
## _**The charity's financial position at the end of the year ended 31 March 2024**_
The financial position of the charity at 31 March 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|**Total Funds**
**Net income**
Unrestricted Revenue Funds available for the
general purposes of the charity|**2024**
**£**
39,057
63,204
63,204|**2023**
**£**
(381)
24,147
24,147|
|---|---|---|
## _**Financial review of the position at the reporting date, 31 March 2024 .**_
The trustees consider the financial performance by the charity during the year to have been satisfactory.
## _**Policies on reserves.**_
The Trustees have decided to hold reserves to meet our potential liabilities that may arise on the cessation of the Charity.
Potential redundancy payments for three full time plus part time members of staff and 7 part time members of staff comprising one weeks pay for each full year of employment: £10,000.
An average months payments (in arrears) to suppliers: £8,000.
One quarters VAT Liability: £16,000.
Contract risk for contracts that have full term payment required should early termination be required: £2,000
The total required reserves are therefore £36,000. The directors are pleased to report that the reserves held at 31 March 2024 exceeded this target.
7
## **Expia Limited**
Company Registration Number - 08092010
## **Trustees' Annual Report for the year ended 31 March 2024**
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## **Employment of disabled persons**
It is the company’s policy to give employment to disabled persons wherever practicable.
## **Details of The Independent Examiner**
Grant Taylor FCA
Member of The Institute of Chartered Accountants in England and Wales
23 Whitehill
Puddletown Dorchester Dorset DT2 8SB
8
## **Expia Limited**
Company Registration Number - 08092010
## **Trustees' Annual Report for the year ended 31 March 2024**
## **Statement of the Directors Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- 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 charity will continue in business;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
9
## **Expia Limited**
Company Registration Number - 08092010
## **Trustees' Annual Report for the year ended 31 March 2024**
## **Method of preparation of accounts - Small company provisions**
The financial statements are set out on pages 13 to 30.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 22 July 2024.
STEPHEN BUTLER Director and Trustee
10
## **Expia Limited**
## **Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2024**
I report to the Trustees on my examination of the financial statements of the charitable company on pages 13 to 30 for the year ended 31 March 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 18.
## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**
As described on page 9, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
11
## **Expia Limited**
## **Basis of Independent Examiner's Statement and scope of work undertaken**
Since the charitable company's gross income exceeded £250,000, the charitable company's examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am an authorised member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. 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 setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
12
## **Expia Limited**
## **Independent Examiner's Statement, Report and Opinion**
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;
The gross income of the charitable company in the year ended 31 March 2024 appears to exceed the sum specified in Section 145(3) of the Act, namely £250000, and that I am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of The Institute of Chartered Accountants in England and Wales;
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
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 financial statements to be reached.
## **Signed:-**
Grant Taylor FCA - Independent Examiner
Member of The Institute of Chartered Accountants in England and Wales
23 Whitehill Puddletown Dorchester Dorset DT2 8SB
This report was signed on 22 July 2024
13
## **Expia Limited - Statement of Financial Activities for the year ended 31 March 2024**
_**Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2024, as required by the Companies Act 2006)**_
|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
**Income & Endowments from:**
Donations & Legacies
A1
32,845
Charitable activities
A2
502,062
Investments
A4
386
**Total income**
**A**
**535,293**
**Expenditure on:**
Charitable activities
B2
496,236
**Total expenditure**
**B**
**496,236**
**Net income for the year**
**39,057**
**Net income after transfers**
**A-B-C**
**39,057**
**39,057**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
24,147
**Total funds carried forward**
**63,204**
**Net movement in funds**
**SORP**
**Ref**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
27,332
-
-
**27,332**
27,332
**27,332**
**-**
**-**
**-**
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**60,177**
**502,062**
**386**
**562,625**
**523,568**
**523,568**
**39,057**
**39,057**
**39,057**
**24,147**
**63,204**|**Prior Year**
**Total Funds**
**2023**
**£**
192,709
224,650
1
**417,360**
417,741
**417,741**
**(381)**
**(381)**
**(381)**
24,526
**24,145**|
|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
**The notes attached on pages 18 to 30 form an integral part of these accounts.**
**All activities derive from continuing operations**
**The notes attached on pages 18 to 30 form an integral part of these accounts.**
14
## **Expia Limited - Statement of Financial Activities for the year ended 31 March 2024**
**Expia Limited - Resources applied in the year ended 31 March 2024 towards fixed assets for Charity use:-**
|Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
**Net resources available to fund charitable activities**|**2024**
**£**
39,057
(2,541)
-
**36,516**|**2023**
**£**
(381)
-
-
**(381)**|
|---|---|---|
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
## **The notes attached on pages 18 to 30 form an integral part of these accounts.**
## **Movements in revenue and capital funds for the year ended 31 March 2024**
## **Revenue accumulated funds**
|**Unrestricted**
**Funds**
**2024**
**£**
Accumulated funds brought forward
24,147
39,057
**63,204**
**Closing revenue funds**
**63,204**
**Summary of funds**
**Unrestricted**
**and**
**Designated funds**
**2024**
**£**
Revenue accumulated funds
63,204
Recognised gains and losses before
transfers|**Restricted**
**Funds**
**2024**
**£**
-
-
**-**
**-**
**Restricted**
**Funds**
**2024**
**£**
-|**Total**
**Funds**
**2024**
**£**
24,147
39,057
**63,204**
**63,204**
**Total**
**Funds**
**2024**
**£**
**63,204**|**Last year**
**Total Funds**
**2023**
**£**
**24,526**
(381)
**24,145**
**24,145**
**Last Year**
**Total Funds**
**2023**
**£**
24,145|
|---|---|---|---|
**The notes attached on pages 18 to 30 form an integral part of these accounts.**
15
## **Expia Limited - Statement of Financial Activities for the year ended 31 March 2024**
## **Expia Limited**
**Income and Expenditure Account for the year ended 31 March 2024 as required by the Companies Act 2006**
|**_Income_**
Income from operations
Interest receivable
**Gross income in the year before exceptional items**
**Gross income in the year including exceptional items**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Realised losses on disposals of social investments which are programme related
**Total expenditure in the year**
Tax on surplus on ordinary activities
**Retained surplus for the financial year**
**Net income after tax in the financial year**
**Net income before tax in the financial year**
Investment income|**2024**
**£**
562,239
386
**562,625**
**562,625**
521,505
1,463
600
-
**523,568**
**39,057**
-
**39,057**
**39,057**|**2023**
**£**
417,359
1
**417,360**
**417,360**
415,947
1,194
600
-
**417,741**
**(381)**
-
**(381)**
**(381)**|
|---|---|---|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
**The notes attached on pages 18 to 30 form an integral part of these accounts.**
16
## **Expia Limited - Balance Sheet as at 31 March 2024**
|**Note**
**SORP**
**Ref**
**Fixed assets**
A
Tangible assets
13
A2
**Current assets**
B
Stocks
B1
Debtors
15
B2
Cash at bank and in hand
B4
**Total current assets**
**Creditors: amounts falling due within**
**one year**
16
C1
**Net current assets**
**The total net assets of the charity**|
**2024**
**£**
5,854
10,257
3,151
64,715
78,123
(20,773)
57,350
**63,204**|**2023**
**£**
4,776
8,680
1,497
40,274
50,451
(31,080)
19,371
**24,147**|
|---|---|---|
|**Restricted funds**
**Unrestricted Funds**
Unrestricted Revenue Funds
19
D3
63,204
**Designated Funds**
**Total charity funds**
**The total net assets of the charity are funded by the funds of the**|24,147
63,204
**63,204**
**charity, as follows:-**|24,147
**24,147**|
|---|---|---|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 12.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
## **STEPHEN BUTLER**
Trustee
Approved by the board of trustees on 22 July 2024
**The notes attached on pages 18 to 30 form an integral part of these accounts.**
17
## **Expia Limited**
## **Notes to the Accounts for the year ended 31 March 2024**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
## **Going Concern**
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2023, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
## **Risks and future assumptions**
The charity is a public benefit entity.
18
## **Expia Limited**
## **Notes to the Accounts for the year ended 31 March 2024**
## _**Policies relating to categories of income and income recognition.**_
## **Accounting for deferred income and income received in advance**
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
## **Donated goods, facilities and services**
**Donated fixed assets** are recognised at the current fair value. All such donations are recognised as donation income, and debited to fixed assets.
**Donated goods that are not fixed assets** are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items.
In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales.
If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.
The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost of donations made.
The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. All donated goods are recognised as donation income, and debited to trading stock.When trading stock is subsequently sold, or appropriated to meet an expense, then the carrying value of the stock is recognised as an expense. In accordance with the SORP, goods donated for distribution to beneficiaries, or for consumption by the charity are included in _'legacies and donations_ '. Goods donated for resale are included in _'Income from other trading activities'_
19
## **Expia Limited**
## **Notes to the Accounts for the year ended 31 March 2024**
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt. If the goods held are to be distributed freely or for a nominal consideration, then the carrying amount is subsequently adjusted to reflect the lower of deemed cost adjusted for any loss of service potential and replacement cost. Replacement cost is the economic cost incurred if the charity was to replace the service potential of the donated goods at its own expense in the most economic manner.
**Donated services and facilities** (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity.
All donated services and facilities are recognised as donation income when received,(provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value.
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## **Intangible assets**
The trademarks owned by the charity have been written off in equal annual instalments over its estimated economic life of 10 years, which equates to amortisation at 10% straight line. These costs have been fully amortised.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. .
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Freehold premises 20 % straight line Plant and machinery 20 % straight line Motor vehicles 25 % straight line
A regular annual review of the likelihood of asset impairment is undertaken.
## **Stocks and work in progress**
Stock is valued at the lower of cost and net realisable value.
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
20
## **Expia Limited**
## **Notes to the Accounts for the year ended 31 March 2024**
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised after allowing for any trade discounts due.
## **Financial instruments including cash and bank balances**
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
## **Leasing and hire purchase contracts and commitments**
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the charity, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Expia House, the registered office of the charity has been leased to the charity for a period of 10 years, from the Ministry of Justice. No rent is payable in respect of the lease, but the charity make a contributions of £5,000 towards services annually.
## **Pensions - defined contribution schemes**
The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
The charity holds no designated funds.
The charity holds no restricted funds
The charity holds no endowment funds.
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.
The charity is registered for VAT due to the trading income, and Value Added Tax is recovered on appropriate expenditure.
21
## **Expia Limited**
## **Notes to the Accounts for the year ended 31 March 2024**
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 Significance of financial instruments to the charity's position**
There are no significant implications of financial instruments on the charity's financial position.
## **5 Net surplus before tax in the financial year**
|The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
Pension costs|**2024**
**£**
1,463
2,777|**2023**
**£**
1,194
1,079|
|---|---|---|
## **6 The contribution of volunteers**
The trustees value the contribution of all volunteers that have assisted in the operation of the charity in the accounting period.
## **7 Staff costs and emoluments**
|**_Salary costs_**
**2024**
**£**
Gross Salaries excluding trustees and key management personnel
207,879
Employer's operating costs of defined
contribution pension schemes
2,777
**Total salaries, wages and related costs**
**216,319**
The average number of part time staff employed in the year was
**36**
The average number of full time staff employed in the year was
**-**
The estimated full time equivalent number of all staff employed in the year was
**18**
**_The estimated equivalent number of full time staff deployed in different activities in the year was:-_**
Engaged on charitable activities
**18**
**_The estimated full time equivalent number of all staff employed as above_**
**18**|
**2023**
**£**
90,899
1,079
**91,978**
**21**
**-**
**10**
10
10|
|---|---|
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
22
## **Expia Limited**
## **Notes to the Accounts for the year ended 31 March 2024 8 Defined contribution pension schemes**
The charity operates a defined contribution pension scheme, the costs of which are shown above.
Any liabilites and assets associated with the scheme are shown under debtors and creditors.
## **9 Defined benefit pension scheme**
There is no defined benefit operated by the charity
## **10 Remuneration and payments to Trustees and persons connected with them**
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
## **11 Deferred income - Unrestricted and Designated funds**
|**_Current Year_**
National Lottery Community Fund
**Total**
**These deferrals are included in creditors**
**_Prior Year_**
National Lottery Community Fund
**Total**
**These deferrals are included in creditors**|**Opening**
**Deferrals**
**£**
27,619
27,619
**Opening**
**Deferrals**
**£**
37,339
37,339|**Released**
**from prior**
**years**
**£**
27,332
27,332
**Released**
**from prior**
**years**
**£**
9,720
9,720|**Received**
**less released**
**in year**
**£**
-
-
**2024**
**£**
287
**Received**
**less released**
**in year**
**£**
-
-
**2023**
**£**
287|**Deferred**
**at year end**
**£**
287
287
**2023**
**£**
27,619
**Deferred**
**at year end**
**£**
27,619
287
**2022**
**£**
27,619|
|---|---|---|---|---|
The deferrals included in creditors relate to funding specified by the funders as relating to specific periods and represent those parts of unrestricted funds which relate to periods subsequent to the accounting year end and are treated as grants in advance, or, alternatively, where there are conditions which must be fulfilled prior to entitlement or use of the unrestricted funds by the charity .
23
## **Expia Limited**
## **Notes to the Accounts for the year ended 31 March 2024**
## **12 Intangible Fixed Assets**
|**Intangible Fixed Assets**
**Trademarks:**
**_Cost_**
At 1 April 2023
**At 31 March 2024**
**_Amortisation_**
At 1 April 2023
Provided during the year
**At 31 March 2024**
**Net book value**|**2024**
**£**
270
**270**
270
-
**270**
**-**|**2023**
**£**
270
**270**
270
-
**270**
**-**|
|---|---|---|
The trademarks owned by the charity have been written off in equal annual instalments over its estimated economic life of 10 years, which equates to amortisation at 10% straight line. These costs have been fully amortised.
## **13 Tangible fixed assets**
|**_Current Year_**
**Cost**
At 1 April 2023
Additions
**At 31 March 2024**
**Depreciation**
At 1 April 2023
Charge for the year
**At 31 March 2024**
**Net book value**
**At 31 March 2024**
**At 31 March 2023**
**14 Stocks & Work in Progress**
Stocks before write downs|**Land and**
**Buildings**
£
9,400
-
**9,400**
9,400
-
**9,400**
**-**
**-**|
**Plant &**
**Machinery**
£
37,150
2,541
**39,691**
32,374
1,463
**33,837**
**5,854**
**4,776**|
-
**2024**
**£**
10,257
10,257|**Total**
£
46,550
2,541
**49,091**
41,774
1,463
**43,237**
**5,854**
**4,776**
**2023**
**£**
8,680
8,680|
|---|---|---|---|---|
_**Analysis of the carrying value of stocks and work in progress by activities**_
|**_Activity_**
Stocks in retail food outlets|**2024**
**2023**
**£**
**£**
-
-
-
-
**_Work in Progress_**|**2024**
**2023**
**£**
**£**
8,680
4,500
8,680
4,500
**_Stocks_**|
|---|---|---|
24
## **Expia Limited**
## **Notes to the Accounts for the year ended 31 March 2024**
|**15 Debtors**
Prepayments and accrued income
Other debtors
**16 Creditors: amounts falling due within one year**
Trade creditors
Deferred Income - Unrestricted & designated funds
PAYE, NIC VAT and other taxes
**17 Income and Expenditure account summary**
**At 1 April 2023**
Surplus after tax for the year
**At 31 March 2024**|**2024**
**£**
1,852
1,299
**3,151**
**2024**
**£**
655
287
19,830
**20,772**
**2024**
**£**
24,145
39,057
**63,202**|**2023**
**£**
1,097
400
**1,497**
**2023**
**£**
342
27,619
3,120
**31,081**
**2023**
**£**
24,526
(381)
**24,145**|
|---|---|---|
## **18 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 March 2024**
Tangible Fixed Assets
Current Assets
Current Liabilities
**At 1 April 2023**
Tangible Fixed Assets
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
5,854
78,123
(20,773)
**63,204**
**Unrestricted**
**funds**
**£**
4,776
50,451
(31,080)
**24,147**|**Designated**
**funds**
**£**
-
-
**-**
**Designated**
**funds**
**£**
-
-
-
**-**|**Restricted**
**funds**
**£**
-
-
-
**-**
**Restricted**
**funds**
**£**
-
-
-
**-**|**Total**
**Funds**
**£**
**5,854**
**78,123**
**(20,773)**
**63,204**
**Total**
**Funds**
**£**
**4,776**
**50,451**
**(31,080)**
**24,147**|
|---|---|---|---|---|
25
## **Expia Limited**
## **Notes to the Accounts for the year ended 31 March 2024**
## **19 Change in total funds over the year as shown in Note 18 , analysed by individual funds**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**Total unrestricted and designated funds**
**Total charity funds**|**Funds**
**brought**
**forward from**
**2023**
**£**
24,147
**24,147**
**24,147**|
**Movement in**
**funds in 2024**
**See Note 20**
**£**
39,057
**39,057**
**39,057**|
**See Note 0**
**£**
**-**
**-**
**-**
**Transfers**
**between**
**funds in 2024**|**Funds carried**
**forward to**
**2025**
**£**
**63,204**
**63,204**
**63,204**
|
|---|---|---|---|---|
## **20 Analysis of movements in funds over the year as shown in Note 19**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds|**Income**
**2024**
**£**
535,293
**562,625**|**Expenditure**
**2024**
**£**
(496,236)
**(523,568)**|**Other**
**Gains &**
**Losses**
**2024**
**£**
-
**-**|**Movement**
**in funds**
**2024**
**£**
**39,057**
**39,057**|
|---|---|---|---|---|
## **21 The purposes for which the funds as detailed in note 19 are held by the charity are:-**
## _**Unrestricted and designated funds:-**_
Unrestricted Revenue Funds
These funds are held for the meeting the objectives of the ch provide reserves for future ctivities, and , subject to charity le free from all restrictions on their use.
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
## _**Restricted funds:-**_
The Clothworkers Foundation
This fund represents the grant received from the Clothworkers Foundation for the specific purpose of refurbishing Expia House.
-
## **22 Ultimate controlling party**
The charity is under the control of its legal members.
26
## **Expia Limited**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
_**This analysis is classsified by conventional nominal descriptions and not by activity.**_
## **23 Donations, Grants and Legacies**
|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-
20,150
12,671
-
-
**32,821**
**Total Donations, Grants and Legacies**
**Total Donations, Grants and**
**Legacies**
**A1**
**32,845**
**24 Income from charitable activities - Trading Activities**
**_Current year_**
**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
**Primary purpose and ancillary trading**
501,462
**502,062**
**Revenue grants from government and**
**public bodies**
Dorset County Council
Main Grants
The Clothworkers Foundation
National Lottery Community Fund
Main Grants
**Total Primary purpose and ancillary**
**trading**
Café and visits income
**Total public sector revenue grants**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-
20,150
12,671
-
-
**32,821**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
27,332
-
-
-
-
**27,332**|**Current year**
**Total Funds**
**2024**
**£**
**27,332**
**20,150**
**12,671**
**-**
**-**
**60,153**|**Prior Year**
**Total Funds**
**2023**
**£**
114,970
-
-
40,000
37,739
**192,709**
**192,709**
**Prior Year**
**Total funds**
**2023**
**£**
224,650
**224,650**|
|---|---|---|---|---|
||||||
|||**27,332**
**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
**-**|**60,177**
**Current year**
**Total Funds**
**2024**
**£**
**501,462**
**502,062**||
27
## **Expia Limited**
## **Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
## **25 Total Income from charitable activities**
|**_Current year_**
Total income from charitable trading
**Total from charitable activities**
**A2**
**26 Investment income**
Bank Interest Receivable
**Total investment income**
**A4**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
502,062
**502,062**
**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
386
**386**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
**-**
**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**502,062**
**502,062**
**Current year**
**Total Funds**
**2024**
**£**
**386**
**386**|**Prior Year**
**Total Funds**
**2023**
**£**
224,650
**224,650**
**Prior Year**
**Total Funds**
**2023**
**£**
1
**1**|
|---|---|---|---|---|
## **27 Expenditure on charitable activities - Charitable trading**
|**_Current Year_**
Reallocated from support costs
**Total charitable trading costs**
**B2b**
Costs of ancillary trading to benefit
beneficiaries - Including movement in
stock for ancillary trading
Gross wages and salaries - charitable
trading activities
Defined contribution pension costs -
charitable trading activities
Cost of goods for primary purpose
trading - Including movement in stock|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
**202,698**
**(1,577)**
**207,879**
**2,777**
**77,596**
**495,636**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
**-**
**-**
**-**
**-**
**27,332**
**27,332**|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2024**
**2023**
**£**
**£**
**202,698**
**94,481**
**(1,577)**
**(4,180)**
**207,879**
**90,899**
**2,777**
**1,079**
**104,928**
**234,862**
**522,968**
**417,141**|
|---|---|---|---|
## **28 Expenditure on charitable activities- Grant funding of activities**
|**_Current Year_**
**Total grantmaking costs**
**B2c**
Prisoner release grants|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-
**-**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
**-**|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2024**
**2023**
**£**
**£**
**-**
**-**
**-**
**-**|
|---|---|---|---|
28
## **Expia Limited**
## **Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
## **29 Support costs for charitable activities**
|**Current year**
**Current year**
**Current year**
**_Current Year_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**_Employee costs not included in direct costs_**
691
-
**691**
-
-
**-**
**_Volunteer costs_**
-
-
**-**
**_Premises Expenses_**
2,732
-
**2,732**
-
27,332
**27,332**
**_Administrative overheads_**
588
-
**588**
734
-
**734**
1,840
-
**1,840**
332
-
**332**
532
-
**532**
3,691
-
**3,691**
(446)
-
**(446)**
20,979
-
**20,979**
950
-
**950**
**_Professional fees paid to advisors other than the auditor or examiner_**
3,000
-
**3,000**
-
-
**-**
27,232
-
**27,232**
8,379
-
**8,379**
**_Financial costs_**
4,801
-
**4,801**
1,463
-
**1,463**
**Support costs before reallocation**
**77,596**
**27,332**
**104,928**
**_Less support costs reallocated to specific activities_**
To charitable trading costs
(77,596)
(27,332)
**(104,928)**
**Total support costs - Current Year**
**-**
**-**
**-**
The basis of allocation of costs between activities is described under accounting policies
**_Administrative overheads_**
The basis of allocation of costs between activities is described under accounting policies
Charitable donations
Sundry expenses
Depreciation & Amortisation in total for
Other legal and professional
Advertising and marketing
Volunteers' expenses
Consultancy fees
Liabilty and contents insurance
Hire of equipment
Telephone, fax and internet
Software licences and expenses
Stationery and printing
Staff uniform
Expia House refurbishment
Travel and subsistence - staff
Bank charges
Accountancy fees other than
examination or audit fees
Management fees
Rates and water charges
Equipment,repairs,expenses and maintenance|**Prior Year**
**Total Funds**
**2023**
**£**
**240**
**448**
**319**
**892**
**192,709**
**618**
**556**
**960**
**-**
**145**
**2,152**
**169**
**6,111**
**200**
**1,900**
**1,504**
**20,748**
**787**
**3,210**
**1,194**
**234,862**
**(234,862)**
**-**
**-**
**-**
**-**|
|---|---|
29
## **Expia Limited**
## **Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
## **30 Other Expenditure - Governance costs**
|**_Current Year_**
Independent Examiner's fees
**Total Governance costs**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
600
**600**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**600**
**600**|**Prior Year**
**Total Funds**
**2023**
**£**
**600**
**600**|
|---|---|---|---|---|
All the expenditure in the prior year was unrestricted.
## **31 Total Charitable expenditure**
|**_Current Year_**
Total charitable trading costs
**B2b**
Total grantmaking costs
**B2c**
Total support costs
**B2d**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**
All the expenditure in the prior year was unrestricted.
**_Prior Year_**
Total charitable trading costs
**B2b**
Total grantmaking costs
**B2c**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
495,636
-
-
600
**496,236**
**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
417,141
-
600
**417,741**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
27,332
-
-
-
**27,332**
**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
-
-
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**522,968**
**-**
**-**
**600**
**523,568**
**Prior Year**
**Total Funds**
**2023**
**£**
**417,141**
**-**
**600**
**417,741**|**Prior Year**
**Total Funds**
**2023**
**£**
**417,141**
**-**
**-**
**600**
**417,741**|
|---|---|---|---|---|
30