| Page | ||
|---|---|---|
| Charity Information | ||
| Trustees Annual Report |
2-5 | |
| Independent Examiners |
Report | |
| Statement of Financial Activities |
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| Balance Sheet | ||
| Statement ofCash Flows |
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| Notes to the accounts | 10-20 |
| Unrestricted | Restricted | 2022 Total | 2021 Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds . |
Funds | ||||
| Notes | E | ||||||
| Income from: | |||||||
| Donations | 179,559. | 46,618 | 226,177 | 302,667 | |||
| Other trading | activities | 168,604 | 168,604 | 66,669 | |||
| Other income | 32,939 | 32,938 | 5,488 | ||||
| Charitable activities |
447,338 | 447,338 | 91,895 | ||||
| Total income | 828,440 | 46,618 | 875,058 | 466,719 | |||
| Raising funds | 208,088 | 208,088 | 176,841 | ||||
| Charitable activities |
614,880 | 46,618 | 661,498 | 304,413 | |||
| Total expenditure | 822,968 | 46,618 | 869,586 | 481,254 | |||
| Net income | 5,472 | 5,472 | (14,535) | ||||
| Net movement | in funds | 5,472 | 5,472 | (14,535) | |||
| Fund balances | at 1 August 2021 | 148,453 | 148,453 | 162,988 | |||
| Fund balances | at 31July 2022 | 153,925 | 153,925 | 148,453 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| Note | |||||
| Fixed Assets | |||||
| Tangible Assets | 13 | 41,705 | 39,521 | ||
| Current Assets | |||||
| Stocks | 14 | 18,400 | 9,700 | ||
| Debtors | 15 | 77,940 | 30,518 | ||
| Cash at bank and | in | hand | 16 | 64,172 | 118,414 |
| 160,512 | 158,633 | ||||
| Creditors: amounts | falling due within one year | ||||
| Creditors | 17 | 10,330 | 6,183 | ||
| Net current assets | 150,182 | 152,450 | |||
| Total assets less | current liabilities | 191,887 | 191,971 | ||
| Creditors: amounts | falling due after one year | ||||
| Creditors | 17 | 37,962 | 43,518 | ||
| Net assets | 153,925 | 148,453 | |||
| Funds | |||||
| Unrestricted funds |
18 | 153,925 | 148,453 | ||
| Restricted funds | 18 | ||||
| 153,925 | 148,453 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Cash flow from operating | activities | 22 | ~45,3!}0) | ~2,350 | ||
| Net cash flow from operating activities |
~(45,380 | ~2,350 | ||||
| Cash flow from investing | activities | |||||
| Payments to acquire tangible Sale oftangible assets |
assets | (21,352) 12,500 |
(7,435) | |||
| Net cash flow from investing | activities | (8,852) | ~7,435 | |||
| Net increase in cash and cash equivalents | (54,242) | (9,785) | ||||
| Cash and cash equivalents | at start date 1 August | 2021 | 118,414 | 128,199 | ||
| Cash and cash equivalents | at end date 31 July 2022 | 64,172 | 118,414 | |||
| Cash and cash equivalents | consist of: | |||||
| Cash at bank and in hand |
64,172 | 118,414 | ||||
| Cash and cash equivalents | at end date 31July 2022 | 64,172 | 118,414 |
| 1.7 | Stocks | |||||||
|---|---|---|---|---|---|---|---|---|
| Stocks are stated at the lower of cost and estimated selling price |
less | costs to | complete | and | sell. | Cost | ||
| includes all costs of purchase, costs of conversion and other costs |
incurred in bringing stock to its present |
|||||||
| location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, |
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| obsolete and slow-moving stock where appropriate. |
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| 1.8 | Debtors and creditors receivable I payable within one year |
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| Debtors and creditors with no stated interest rate and receivable or | payable within |
one year | are | recorded at | ||||
| transaction price. Any losses arising from impairment are recognised |
in expenditure. | |||||||
| 1.9 | Cash at bank and in hand | |||||||
| Cash at bank and in hand are basic financial assets and include |
cash | in hand, | deposits | held | at call | with | ||
| banks, other short-term liquid investments with original maturities |
of | three months or |
less, | and | bank | |||
| overdrafts. | ||||||||
| 1.10 | Impairment | |||||||
| Assets not measured at fair value are reviewed for any indication |
that the asset | may be impaired at |
each | |||||
| balance sheet date. If such indication exists, the recoverable amount |
of the asset, or the asset's | cash | ||||||
| generating unit, is estimated and compared to the carrying amount. |
Where the carrying amount |
exceeds its | ||||||
| recoverable amount, an impairment loss is recognised in the statement offinancial |
activities. | |||||||
| 1.11 | Leases | |||||||
| Rentals payable and receivable under operating leases are charged |
tothe | SoFA on a straight line basis |
over | |||||
| the year ofthe lease. | ||||||||
| 1.12 | Tax | |||||||
| The charity is an exempt charity within the meaning ofschedule 3of |
the Charities Act 2011and is | considered | ||||||
| to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition |
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| ofa charity for UK tax purposes. | ||||||||
| 1.13 | Financial instruments |
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| The charity has elected to apply the provisions of Section 11 'Basic |
Financial Instruments' |
and | Section 12 | |||||
| 'Other Financial Instruments Issues' ofFRS 102to all of its financial |
instruments. | |||||||
| Financial instruments are recognised in the charity's balance sheet |
when | the charity becomes | party to the | |||||
| contractual provisions ofthe instrument. |
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| Financial assets and liabilities are offset, with the net amounts presented |
in the financial statements, when |
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| there is a legally enforceable right to set offthe recognised amounts |
and | there is | an intention to settle |
on a | ||||
| net basis or to realise the asset and settle the liability simultaneously. | ||||||||
| Basic financial assets | ||||||||
| Basic financial assets, which include debtors and cash and bank balances, |
are initially measured at |
|||||||
| transaction price including transaction costs and are subsequently |
carried at |
amortised | cost using | the | ||||
| effective interest method unless the arrangement constitutes a financing |
transaction, where |
the | transaction | |||||
| is measured at the present value of the future receipts discounted |
at a | market | rate of interest. Financial |
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| assets classified as receivable within one year are not amortised. |
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| Classification offinancial liabilities |
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| Financial liabilities and equity instruments are classified according |
to | the substance of |
the | contractual | ||||
| arrangements entered into. An equity instrument is any contract that evidences |
a residual | interest in the |
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| assets ofthe company after deducting all of its liabilities. |
| 3. | Other trading activitie |
s | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Unrestricted | Restricted | Total | |||||||
| Funds | Funds | Funds | Funds | ||||||
| F | f | ||||||||
| Charity event income | 1,060 | 1,060 | |||||||
| Lottery income | 61 | 61 | 123 | ||||||
| Charity shop income | 167,483 | 167,483 | 66,546 | ||||||
| 168,604 | 168,604 | 66,669 | |||||||
| 4. | Other income | ||||||||
| 2022 | 2021 | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| Funds | Funds | Funds | Funds | ||||||
| f. | F | ||||||||
| Rent received | 3,600 | ||||||||
| Insurance claim received |
5,107 | 5,107 | |||||||
| Gain on disposal ofassets | 5,191 | 5,191 | |||||||
| Kickstart scheme | 20,925 | 20,925 | |||||||
| Other income | 1,708 | 1,708 | 1,876 | ||||||
| Interest received | 8 | 8 | 12 | ||||||
| 32,939 | 32,938 | 5;488 | |||||||
| 5. | Charitable activities |
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| 2022 | 2021 | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| Funds | Funds | Funds | Funds | ||||||
| E | |||||||||
| Product sales | 440,427 | 440,427 | 85,017 | ||||||
| Installation services |
6,911 | 6,911 | 6,878 | ||||||
| 447,338 | 447,338 | 91,895 | |||||||
| 6. | Costs ofraising funds | ||||||||
| 2022 | 2021 | ||||||||
| Unrestricted | - | Restricted | |||||||
| Funds | Funds | Funds | Funds | ||||||
| Advertising/promotional | costs | 5,677 | 5,677 | 1,454 | |||||
| Charity shop expenses | 57,326 | 57,326 | 58,283 | ||||||
| Charity shop wages | and | employment | cost's | 89,349 | 89,349 | 67,433 | |||
| Fundraising wages and |
employment | costs | 55,736 | 55,736 | 45,046 | ||||
| Fundraising running |
costs | 4,625 | |||||||
| 208,088 | 208,088 | 176,841 |
| 2022 2021 |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| Note | Unrestrrcted | Restricted | Total Total |
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| Funds | Funds | Funds Funds |
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| F E |
|||||||||||
| Costs ofcharitable | activities | 466,322 | 46 | 618 | 512,939 217,534 |
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| Governance | costs | 148,558 | 148,502 86,879 |
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| 614,880 | 46,618 | 661,498 304,413 |
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| Costs ofcharitable | activities | ||||||||||
| , | 2022 | 2021 | |||||||||
| Unrestricted Restricted |
Total | ||||||||||
| Funds | Funds | Funds | Funds | ||||||||
| Defibrillator | and equipment | purchases | 390,580 | 6,588 | 397,168 | 153,761 | |||||
| Defibrillator | installation costs |
40,030 | 40,030 | 16,920 | |||||||
| Defibrillator | training | costs | 514 | 514 | 784 | ||||||
| Motor vehicle costs | 2,693 | 2,693 | 6,070 | ||||||||
| Service and maintenance | costs | 18 | |||||||||
| Travel and | accommodation | 6,587 | 6,587 | 4,021 | |||||||
| Charitable | activities | wages | and employment | ||||||||
| costs ' |
65,948 | 65,948 | 32,175 | ||||||||
| Charitable | activities | running | costs | 3,785 | |||||||
| 466,322 | 46,618 | 512,940 | 217,535 |
| overnance cost | s | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| Unrestricted | Restricted | Total | Total | |||||||
| Funds | Funds | Funds | Funds | |||||||
| F | F | ' F | ||||||||
| Accountancy | 3133 | 3,'I33 | 2,438 | |||||||
| Bank charges | 1,284 | 1,284 | 586 | |||||||
| Office maintenance | and | repair costs | 1,258 | 1,258 ' |
872 | |||||
| Computer and |
software | 2,805 | 2,806 | 1,525 | ||||||
| Dues and subscriptions | 2,701 | 2,701 | 492 | |||||||
| Electricity | 1,007 | 1,006 | 625 | |||||||
| Eguipment rental |
297 | 297 | 1,51? | |||||||
| Insurance | 4,136 | 4,136 | 2,535 | |||||||
| Internet | 193 | |||||||||
| Office rent | 12,400 | 12,400 | 3,960 | |||||||
| Office/general | admin | expenses | 3,342 | 3,342 | 518 | |||||
| Wages and employment | costs | 72,419 | 72,419 | 50,262 | ||||||
| Employers pension costs |
4,770 | 4,770 | 1,244 | |||||||
| Printing, postage and |
stationery | 8,538 | 8,538 | 3,464 | ||||||
| Specialist fees | 2,856 | 2,856 | ||||||||
| Telephone | 6,290 | 6,290 | 1,585 | |||||||
| Depreciation | 11,859 | 11,804 | 11,477 | |||||||
| Website maintenance | costs | 266 | 266 | 3,388 | ||||||
| Interest on loans | 1,171 | 1,171 | 198 | |||||||
| Other costs | 8,026 | 8,026 | ||||||||
| 148,558 | 148,558 | 86,879 | ||||||||
| Staffs costs | ||||||||||
| 2022 | 2021 | |||||||||
| E | ||||||||||
| The staff costs | for the | year were | as follows: | |||||||
| Wages and employment | costs | 283,452 | 193,025 | |||||||
| Pension costs | 4,770 | 3,110 | ||||||||
| No Employees | had emoluments | in | excess ofF60,000 (2021: Nil) | |||||||
| The average number | of | employees | during the year was: | |||||||
| Administrative | 6 | |||||||||
| Charity Shop | 10 |
| xed assets | |
|---|---|
| Fixtures and | |
| Equipment | |
| Cost as at 1 August 2021 | 73,302 |
| Additions | 21,352 |
| Disposals | 12,995 |
| Cost as at 31 July 2022 | 81,659 |
| Depreciation as at 1 August 2021 | 33,781 |
| Charge for the year | 11,859 |
| On disposals | 5,685 |
| Depreciation as at 31July 2022 |
39,955 |
| Net book value as at 31July 2022 | 41,705 |
| Net book value as at 31 July 2021 | 39,521 |
| 14. | Stocks | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Total | Total | ||||
| Funds | Funds | ||||
| Defibrillator and equipment |
stock | 18,400 | 9,700 | ||
| 18,400 | 9,700 | ||||
| 15. | Debtors | ||||
| 2022 | 2021 | ||||
| Total | Total | ||||
| Funds | Funds | ||||
| Debtors | control account | 73,283 | 15,956 | ||
| Prepayments | 3,157 | 13,063 | |||
| Other debtors | 1,500 | 1,500 | |||
| 77,940 | 30,518 | ||||
| 16. | Bank and cash | ||||
| 2022 | 2021 | ||||
| Total | Total | ||||
| Funds | Funds | ||||
| Bank current account | 64,172 | 118,414 | |||
| 64,172 | 118,414 | ||||
| 17. | Creditors | ||||
| 2022 | 2021 | ||||
| Total | Total | ||||
| Funds | Funds | ||||
| Amounts | failing due within | one year | |||
| Other creditors | 6,755 | 854 | |||
| Tax and | social security | (5,081) | (1,327) | ||
| Accruals | 3,100 | 1,100 | |||
| Bounce back loan | 5,556 | 5,556 | |||
| 10,330 | 6,183 | ||||
| Amounts | falling due after | more than one year | |||
| Bounce back loan | 37,962 | 43,518 | |||
| Creditors | which fall due after five years are as follows: | ||||
| Payable | by instalments | 15,740 | 21,296 |
| Unrestricted | funds | |||||
|---|---|---|---|---|---|---|
| Balance | at 1 | Balance | ||||
| August | 2021 | Income | Expenditure | at 31 | ||
| July | ||||||
| 2022 | ||||||
| Unrestricted | 148,453 | 828,440 | 822,968 | 153,925 | ||
| 148,453 | 828,440 | 822,968 | 153,925 | |||
| Restricted funds | ||||||
| Balance | at 1 | Balance | ||||
| August | 2021 | Income | Expenditure | at 31 | ||
| July | ||||||
| 2022 | ||||||
| Councillor ward budget | 3,944 | 3,944 | ||||
| Community | fund | 42,674 | 42,674 | |||
| 46,618 | 46,618 |
| 19. | Analysis ofnet assets | between | funds | |||||||||||
| 2022 | 2021 | |||||||||||||
| Restricted Funds | ||||||||||||||
| Restricted funds are represented | by: | |||||||||||||
| Net current assets | ||||||||||||||
| Unrestricted Funds |
||||||||||||||
| Unrestricted funds |
are represented | by: | ||||||||||||
| Fixed assets | 41,705 | 39,521 | ||||||||||||
| Net current assets | 112,220 | 108,932 | ||||||||||||
| 153,925 | 148,453 | |||||||||||||
| 20. | Financial Instruments | |||||||||||||
| The carrying amounts of |
the charity's | financial | instruments | are as | follows: | |||||||||
| 2022 | 2021 | |||||||||||||
| E | ||||||||||||||
| Financial assets measured | at | amortised | cost | 74,784 | 17,456 | |||||||||
| Financial liabilities |
measured | at amortised | cost | 45,193 | 48,601 | |||||||||
| 21. | Operating lease commitment |
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| Lessee | ||||||||||||||
| At the reporting end date the charity |
had had | outstanding | commitments | for | future minimum |
lease | ||||||||
| payments under non-cancellable |
operating | leases, as follows: | ||||||||||||
| 2022 | 2021 | |||||||||||||
| Total | Total | |||||||||||||
| Funds | Funds | |||||||||||||
| E | ||||||||||||||
| 88,200 | 134,600 | |||||||||||||
| 22. | Reconciliation of net income to |
net cash | flow from operating | activities | ||||||||||
| 2022 | 2021 | |||||||||||||
| Net (outgoing)/incoming resources |
5,472 | (14,535) | ||||||||||||
| Depreciation oftangible assets |
11,859 | 11,477 | ||||||||||||
| Profit on fixed assets | (5,191) | |||||||||||||
| (Increase)/decrease | in stock | (8,700) | ||||||||||||
| (Increase)/decrease | in debtors | (47,422) | (22,237) | |||||||||||
| Increase/(decrease) | in creditors | 1,408 | 22,946 | |||||||||||
| Net cash (oufflow)/inflow from |
operating | activities | 45,390) | 2,350 |