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2022-08-31-accounts

FLATPACK PROJECTS

REPORT OF THE TRUSTEES FOR THE YEAR 1 SEPTEMBER 2021 – 31 AUGUST 2022

REGISTERED COMPANY NUMBER: CE005084 (ENGLAND AND WALES) REGISTERED CHARITY NUMBER: 1162754

“FLATPACK IS AN INTEGRAL RESOURCE TO THE CITY. I FELT SO HAPPY WATCHING THIS SHOW. THERE’S NOTHING LIKE SEEING SOMETHING GREAT WITH OTHER PEOPLE. THANK YOU!”

THIS REPORT FINDS US LOOKING BACK ON ONE OF THE RICHEST AND MOST VARIED PERIODS IN FLATPACK’S HISTORY, A YEAR WHICH SAW PHYSICAL AUDIENCES RETURN WITH A VENGEANCE FOR A MIND-BENDING ARRAY OF PROJECTS AND EVENTS. THESE 12 MONTHS SAW US DELIVER: A YEAR OF POP-UP FILM HAPPENINGS IN COVENTRY; NOT ONE, BUT TWO EDITIONS OF FLATPACK FESTIVAL, BRINGING A RAFT OF ARTISTS TO BIRMINGHAM AND BREAKING BOX OFFICE RECORDS; A NEW HERITAGE INITIATIVE MAPPING OUT OUR CITY’S CINEMA STORIES AND A GROWING PROGRAMME OF OUTDOOR ACTIVITY, FROM IMMERSIVE HORROR TO INTIMATE COMMUNITY EVENTS.

ANNUAL REPORT 2021/22 — P.3

SHOWING AMAZING WORK P5 BRINGING PEOPLE TOGETHER P10 NURTURING CREATIVITY P13 ILLUMINATING PLACE P16

ANNUAL REPORT 2021/22 — P.4

SHOWING AMAZING WORK

FLATPACK’S FIRST AUTUMN EDITION

SHOWING AMAZING WORK

After the pandemic kept us physically apart for our fifteenth festival, we delivered our first ever autumn edition in September 2021, a small programme of really special events that did justice to a joyous reunion with audiences. Including:

ANNUAL REPORT 2021/22 — P.5

SHOWING AMAZING WORK

FLATPACK 2022

SHOWING AMAZING WORK

Then just a hop, skip and a jump later we arrived at our sixteenth festival in May 2022. The first physical festival in three years, during which we launched a brand new comedy strand and explored Birmingham’s cinema stories - alongside a family programme, films of all shapes and sizes, and some memorable live cinema events. Highlights:

ANNUAL REPORT 2021/22 — P.6

FLATPA¢K 2022 ON FILM s+ *lA_ •J-. ANNUAL REPORT2021122-P.7

“WENT TO SEE FRANKIE AND IT WAS THE HAPPIEST I’VE EVER BEEN - DIDN’T WANT TO LEAVE!”

FLATPACK 2022 AUDIENCE MEMBER

----- Start of picture text -----
ANNUAL REPORT 2017/18 — P.8
----- End of picture text -----

SHOWING AMAZING WORK

SCREENINGS AND EVENTS - 360 TOTAL AUDIENCE FIGURES - 48,000 AUDIENCE FOR WONDERLAND EXHIBITION - 250,000 NUMBER OF ARTISTS & FILMMAKERS WORKED WITH - 250 NUMBER OF BIRMINGHAM CINEMAS DISCOVERED - 150+ NUMBER OF BIRMINGHAM CINEMAS RESURRECTED - 1 (so far!)

THE YEAR IN NUMBERS

ANNUAL REPORT 2021/22 — P.9

GHOSTBUSTERS AT DUDLEY CASTLE

Over 800 people returned for a screening of Ghostbusters at our popular horror spectacular Beware the Moon. This one came complete with slime projections, a gathering of Ghostbusters from across the Midlands and a 30ft Stay Puft Marshmallow Man.

BRINGING PEOPLE TOGETHER

BALSALL HEATH FILM FESTIVAL

We launched a new festival in Balsall Heath working with local communities on a programme of talks, walks, screenings and outdoor events, including:

ANNUAL REPORT 2021/22 — P.10

CINECOV

We wrapped up our year in Coventry, turning cemeteries, parks and cathedrals into cinemas right across the city. Highlights included:

BRINGING PEOPLE TOGETHER

ANNUAL REPORT 2021/22 — P.11

“IT’S WONDERFUL AND ENERGISING TO SEE EVENTS OF THIS KIND IN BIRMINGHAM, AND ESPECIALLY TO HEAR STORIES IN THE PLACES THEY ORIGINATED.”

NURTURING CREATIVITY

TOUCH SCREEN

We’ve been working with charity Sense and artist Sarah Hamilton Baker for the last few years developing touch screen, an inclusive, interactive and sensory film experience that premiered at last year’s festival.

NURTING CREATIVITY

“Exploring how we make films inclusive, accessible and a unique sensorial experience has been an inimitable opportunity for all involved and opens up further conversations on how the film industry can be supported as a whole to include people with complex disabilities and those with deafblindness.”

OPEN CALL

After the success of our inaugural open call for curators and programmers from underrepresented groups at our Autumn Edition, we launched a second iteration for Flatpack 2022, resulting in two projects:

ANNUAL REPORT 2021/22 — P.13

“AMAZING EXPERIENCE AT TOUCH SCREEN. A MULTI-SENSORY DELIGHT! PERFECT FOR MY DAUGHTER WHO HAS PROFOUND + MULTIPLE LEARNING DISABILITIES. THIS WAS RIGHT UP HER STREET!”

NURTURING CREATIVITY

CINECOV MINI FUND

Eight community exhibitors were selected to deliver events with funds being used towards event costs as well as support and guidance from the CineCov team. Exhibitors included:

NURTING CREATIVITY

ANNUAL REPORT 2021/22 — P.15

ILLUMINATING PLACE

WONDERLAND

2022 saw the official launch of Wonderland, a project mapping Birmingham’s picture-palaces past and present and exploring the stories associated with them.

ILLUMINATING PLACE

A series of community events and a huge amount of volunteer research all fed into an exhibition at Birmingham Museum & Art Gallery which reached over 400,000 in total.

We went on to produce a rich, vibrant publication gathering some of the stories which emerged from the project, and the Wonderland online resource keeps on evolving.

Everyone has their own filmgoing story, and cinema heritage can play an important part in reaching new audiences and encouraging a conversation about community space - as shown through our Balsall Heath activity.

Wonderland will continue to underpin the work we do with different groups across the city.

ANNUAL REPORT 2021/22 — P.16

“FLATPACK’S PROPOSAL FOR AN EXHIBITION ON THAT GLAMOROUS YET EVERYDAY MEMORY PALACE CINEMA WAS A PERFECT FIT FOR OUR REOPENING PROGRAMME. WATCHING THE DELIGHT ON THE FACES OF VISITORS RECOGNISING THE MOVIE HOUSES OF THEIR CHILDHOOD WAS DELICIOUS.” - SARA WAJID MBE, CO-CEO OF BIRMINGHAM MUSEUMS TRUST

PARTNERS & FUNDERS

Flatpack Projects is a Charitable Incorporated Organisation, reg no 1162754

Our core funders are Arts Council England and the British Film Institute. In partnership with Broadway in Nottingham, Flatpack also co-lead Film Hub Midlands as part of the BFI Film Audience Network.

Along with core funding and earned income, Flatpack’s work would not be possible without the support of a huge range of partners, trusts & foundations and cultural institutes. In 2021/22, these included:

THANK YOU

ANNUAL REPORT 2021/22 — P.18

CHARITY INFORMATION

Charity Name: Flatpack Projects (CIO)

Registered charity number: 1162754 Address: Unit 304, The Custard Factory Gibb Street, Birmingham B9 4AA

NAMES OF THE CHARITY TRUSTEES WHO MANAGE THE CHARITY

CHARITY INFORMATION

Daniel Lawson Chair Jake Grimley Lisa Page

Leighann Thomas Edwina Quansah

Katie Lucas Phil Foxwood Rachel Carter

NAMES AND ADDRESSES OF ADVISERS

Name CJM Associates

Type of Advisor Accountants

Address

St Thomas House, 83 Wolverhampton Rd, Cannock WS11 1AR

DESCRIPTION OF THE CHARITY’S TRUSTS

Type of governing document How the charity is constituted Trustee selection methods

Constitution

Charitable Incorporated Organisation

Trustees appointed by resolution passed at properly convened meeting of charity trustees

ANNUAL REPORT 2021/22 — P.19

CHARITY INFORMATION

PUBLIC BENEFIT STATEMENT

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit’.

SUMMARY OF THE OBJECTS OF THE CHARITY SET OUT IN ITS GOVERNING DOCUMENT

  1. To promote appreciation of and education in the arts and their associated technologies, especially but not exclusively those of the cinema, film and other forms of moving images, through the production and performance of festivals, workshops, seminars, projects, events, online resources, new media and in any other ways as the CIO may decide from time to time.

  2. To advance the education of the public in the history, culture, aesthetics, practice and theory of arts, cinema, film and other moving images.

STATEMENT OF THE CHARITY’S POLICY ON RESERVES

It is the policy of Flatpack Projects (CIO) to retain sufficient reserves to cover the organisation’s overheads for a 3 month period should there be any unexpected costs or delays in receiving any funds owed.

CHARITY INFORMATION

The trustees have regard to the guidance issued by the charity commission on public benefit.

Approved by order of the board of trustees on 1 June 2023 and signed on its behalf by:

Ian Francis - Trustee

ANNUAL REPORT 2021/22 — P.20

REGISTERED COMPANY NUMBER: CE005084 (England and Wales) REGISTERED CHARITY NUMBER: 1162754

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2022

for

Flatpack Projects

CJM Associates St Thomas House

83 Wolverhampton Road Cannock Staffordshire WS11 1AR

Flatpack Projects

Contents of the Financial Statements for the Year Ended 31 August 2022

Page
Report of the Trustees 1
Statement of Financial Activities 2
Balance Sheet 3
Cash Flow Statement 4
Notes to the Cash Flow Statement 5
Notes to the Financial Statements 6 to 11
Detailed Statement of Financial Activities 12 to 13

Flatpack Projects

Report of the Trustees for the Year Ended 31 August 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE005084 (England and Wales)

Registered Charity number

1162754

Registered office

Unit 304 The Custard Factory Gibb Street Digbeth, Birmingham West Midlands B9 4AA

Trustees

I Francis (Director) J Grimley D Lawson (Chairman) L Page L Thomas B Dosanjh

Approved by order of the board of trustees on 3 February 2023 and signed on its behalf by:

I Francis - Trustee

Page 1

Flatpack Projects

Statement of Financial Activities for the Year Ended 31 August 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
499,230
Other trading activities
3
321,115
Total
820,345
EXPENDITURE ON
Raising funds
4
6,782
Other
780,536
Total
787,318
NET INCOME
33,027
RECONCILIATION OF FUNDS
Total funds brought forward
145,299
TOTAL FUNDS CARRIED FORWARD
178,326
Restricted
fund
£
-
-
-
-
-
-
-
-
-
31.8.22
Total
funds
£
499,230
321,115
820,345
6,782
780,536
787,318
33,027
145,299
178,326
31.8.21
Total
funds
£
255,865
82,006
337,871
6,500
309,313
315,813
22,058
123,241
145,299

Surplus and Deficit Account 968

Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968.

Unrestricted
funds
£
Brought forward - 968/1
145,299
Carried forward
138,699
Difference
(6,600)
Restricted
funds
Total funds
£
£
-
145,299
6,600
145,299
6,600
-

Post to relevant accounts (see ICHA chart of accounts for further details)

The notes form part of these financial statements

Page 2

Flatpack Projects

Balance Sheet

31 August 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
10
17,205
CURRENT ASSETS
Debtors
11
58,903
Cash at bank and in hand
116,146
175,049
CREDITORS
Amounts falling due within one year
12
(13,928)
NET CURRENT ASSETS
161,121
TOTAL ASSETS LESS CURRENT
LIABILITIES
178,326
NET ASSETS
178,326
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS
Restricted
fund
£
-
-
-
-
-
-
-
-
31.8.22
Total
funds
£
17,205
58,903
116,146
175,049
(13,928)
161,121
178,326
178,326
178,326
-
178,326
31.8.21
Total
funds
£
23,915
49,380
201,343
250,723
(129,339)
121,384
145,299
145,299
138,699
6,600
145,299

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 3 February 2023 and were signed on its behalf by:

I Francis - Trustee

The notes form part of these financial statements

Page 3

Flatpack Projects

Cash Flow Statement for the Year Ended 31 August 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period
31.8.22
£
(85,197)
(85,197)
-
-
(85,197)
201,343
116,146
31.8.21
£
136,432
136,432
(20,887)
(20,887)
115,545
85,798
201,343

The notes form part of these financial statements

Page 4

Flatpack Projects

Notes to the Cash Flow Statement for the Year Ended 31 August 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations
31.8.22
£
33,027
6,709
(9,023)
(115,910)
(85,197)
31.8.21
£
22,058
3,687
4,318
106,369
136,432

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 1.9.21
£
Cash flow
£
At 31.8.22
£
Cash at bank and in hand 201,343 (85,197) 116,146
201,343 (85,197) 116,146
Total 201,343 (85,197) 116,146

The notes form part of these financial statements

Page 5

Flatpack Projects

Notes to the Financial Statements for the Year Ended 31 August 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

Arts Council England
British Film Institute
Grants
Trusts & foundations
31.8.22
£
133,970
352,153
11,107
2,000
499,230
31.8.21
£
112,024
77,910
55,931
10,000
255,865

continued...

Page 6

Flatpack Projects

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

3.
OTHER TRADING ACTIVITIES
Bar takings
Booking fee
Box office
Programme partners
Submission fees
Merchandise sales
Year round projects
Broadway
Colour box at home
4.
RAISING FUNDS
Other trading activities
Cost of raising funds
5.
SUPPORT COSTS
Management
£
Other resources expended
184,731
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
31.8.22
£
2,980
569
26,690
138,229
15,617
2,474
19,700
113,912
944
321,115
31.8.22
£
6,782
Governance
Finance
costs
£
£
686
3,907
31.8.22
£
6,710
31.8.21
£
-
63
4,988
6,242
14,019
1,499
2,058
53,137
-
82,006
31.8.21
£
6,500
Totals
£
189,324
31.8.21
£
3,686

7. TRUSTEES' REMUNERATION AND BENEFITS

During the period remuneration of £45,000 was paid to the director of the organisation who is also a trustee of the charity.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.

continued...

Page 7

Flatpack Projects

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

8. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Director
Other staff
No employees received emoluments in excess of £60,000.
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
255,865
Other trading activities
82,006
Total
337,871
EXPENDITURE ON
Raising funds
6,500
Other
309,313
Total
315,813
NET INCOME
22,058
RECONCILIATION OF FUNDS
Total funds brought forward
116,641
TOTAL FUNDS CARRIED FORWARD
138,699
31.8.22
£
253,647
253,647
31.8.22
1
5
6
Restricted
fund
£
-
-
-
-
-
-
-
6,600
6,600
31.8.21
£
165,511
165,511
31.8.21
1
4
5
Total
funds
£
255,865
82,006
337,871
6,500
309,313
315,813
22,058
123,241
145,299

continued...

Page 8

Flatpack Projects

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

10.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 September 2021 and 31 August 2022
9,688
DEPRECIATION
At 1 September 2021
5,311
Charge for year
1,095
At 31 August 2022
6,406
NET BOOK VALUE
At 31 August 2022
3,282
At 31 August 2021
4,377
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
VAT
Prepayments
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
13.
MOVEMENT IN FUNDS
At 1.9.21
£
Unrestricted funds
General fund
145,299
TOTAL FUNDS
145,299
Computer
equipment
£
29,674
10,136
5,615
15,751
13,923
19,538
31.8.22
£
47,969
6,128
4,806
58,903
31.8.22
£
9,721
4,703
(2,496)
2,000
13,928
Net
movement
in funds
£
33,027
33,027
Totals
£
39,362
15,447
6,710
22,157
17,205
23,915
31.8.21
£
46,051
815
2,514
49,380
31.8.21
£
19,358
7,581
96,318
6,082
129,339
At
31.8.22
£
178,326
178,326

continued...

Page 9

Flatpack Projects

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
820,345
TOTAL FUNDS
820,345
Comparatives for movement in funds
At 1.9.20
£
Unrestricted funds
General fund
116,641
Restricted funds
Designated Fund
6,600
TOTAL FUNDS
123,241
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
337,871
TOTAL FUNDS
337,871
A current year 12 months and prior year 12 months combined position is as follows:
At 1.9.20
£
Unrestricted funds
General fund
116,641
Restricted funds
Designated Fund
6,600
TOTAL FUNDS
123,241
Resources
Movement
expended
in funds
£
£
(787,318)
33,027
(787,318)
33,027
Net
movement
At
in funds
31.8.21
£
£
22,058
138,699
-
6,600
22,058
145,299
Resources
Movement
expended
in funds
£
£
(315,813)
22,058
(315,813)
22,058

Net
movement
At
in funds
31.8.22
£
£
55,085
171,726
-
6,600
55,085
178,326

continued...

Page 10

Flatpack Projects

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,158,216 (1,103,131) 55,085
TOTAL FUNDS 1,158,216 (1,103,131) 55,085

14. RELATED PARTY DISCLOSURES

During the period, £663.30 (2021 - £162.35) was paid to Made Media Limited for the maintenance of the charity's website. J Grimley, trustee, is a person of significant control at Made Media Limited.

Page 11

Flatpack Projects

Detailed Statement of Financial Activities for the Year Ended 31 August 2022

Detailed Statement of Financial Activities
for the Year Ended 31 August 2022
31.8.22 31.8.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Arts Council England 133,970 112,024
British Film Institute 352,153 77,910
Grants 11,107 55,931
Trusts & foundations 2,000 10,000
Other trading activities 499,230 255,865
Bar takings 2,980 -
Booking fee 569 63
Box office 26,690 4,988
Programme partners 138,229 6,242
Submission fees 15,617 14,019
Merchandise sales 2,474 1,499
Year round projects 19,700 2,058
Broadway 113,912 53,137
Colour box at home 944 -
321,115 82,006
Total incoming resources 820,345 337,871
EXPENDITURE
Other trading activities
Cost of raising funds 6,782 6,500
Other
Wages 107,291 -
Equipment purchase 11,799 3,688
PR and Marketing 78,263 19,255
Programme 229,568 60,680
Technical and Venue 89,022 11,504
Guest Care 21,470 271
Other direct costs 53,799 9,570
591,212 104,968
Support costs
Management
Wages 146,356 165,511
Rent, rates and utilities 14,087 20,711
Insurance 2,808 2,132
Telephone 1,102 599
Printing, post and stationery 597 605
Gifts 174 -
Carried forward 165,124 189,558

This page does not form part of the statutory financial statements

Page 12

Flatpack Projects

Detailed Statement of Financial Activities for the Year Ended 31 August 2022

Detailed Statement of Financial Activities
for the Year Ended 31 August 2022
31.8.22 31.8.21
£ £
Management
Brought forward 165,124 189,558
IT costs 1,598 944
Office running costs 1,426 929
Other staff costs 3,191 622
Travelling expenses 5,460 4,163
Foreign Exchange Profit/Losses 1,223 -
Depreciation of tangible and heritage assets 6,709 3,687
Finance 184,731 199,903
Bank charges 686 553
Governance costs
Accountancy and legal fees 3,907 3,889
Total resources expended 787,318 315,813
Net income 33,027 22,058

This page does not form part of the statutory financial statements

Page 13