| Contents | ||
|---|---|---|
| Reference and | Administrative Details |
|
| Trustees' Report | 6-32 | |
| Independent | Examiner's Report |
33-35 |
| Statement of | Financial Activities | 36 |
| Balance Sheet | 37 | |
| Notes to the Financial Statements | 38-58 |
| Unre stdoted Funds |
Re- ~ F~ |
Tolal 2023 |
Unre- ~ Funds |
Re- stdcted Funds |
|||
|---|---|---|---|---|---|---|---|
| 2 | 37,116 | 255,921 | 293,037 | 36,248 | 336.956 | ||
| 3 | 16,477 | 16,477 | 24,435 | ||||
| 4 | 1,994 | 1,994 | IBI | ||||
| Tolal | 55,587 | 255,921 | 311,508 | 60,862 | 336956 | 397.818 | |
| 5 | 74,654 | 267,229 | 341„883 | 24,733 | 295,256 | 3'l9,989 | |
| Total | 74,%4 | 267,229 | 341„883 | 24,733 | 295,256 | 319.989 | |
| ftet inocsne I(expencRture) | |||||||
| forthe year before transfers | (19,067) | (11,308) | (30375) | 36,129 | 41.700 | 77,829 | |
| 10,673 | (10,673) | ||||||
| Other recognised losses: | |||||||
| Actuanal gains on dehnedhenerit | |||||||
| pension schemes | 14 | 8,000 | — | 8,000 | 68,009 | — | 68,000 |
| (394) | (21,981) | (22,375) | 115,700 | 30,129 | 145,829 | ||
| 286,280 | 49,N8 | 335,Ã8 | I70.,58G | 18,949 | 189,529 |
| 2023 | |||||||
|---|---|---|---|---|---|---|---|
| K | |||||||
| 410,271 | |||||||
| Current assets | |||||||
| Stock | 7,110 | ||||||
| Debtors | 80 | ||||||
| Cash at bank snd ln haAd | 212,942 | 207„501 | |||||
| Irwestlne Als | 9 | 66,000 | 66,000 | ||||
| 280,611 | |||||||
| Credttors | |||||||
| Amounts fsmng duB wiihln one year |
10 | (380,769j | |||||
| Net current assets | |||||||
| Net assets excluding pension Itsbltttles | 312„983 | ||||||
| DBflned bBABfli pBAsioA schenlB Ilabll!Ties | |||||||
| Total nell assets Including | pension | llsbllltles | 312,983 | ||||
| Unrestrfcted funds |
|||||||
| Unrestdcted funds resBfvB |
excluding | pension | 11 | 634,280 | |||
| Pension resenrB | (348,000) | ||||||
| Total unrestricted | funds | 286,280 | |||||
| Restricted funds | 27.097 | 49,078 | |||||
| Total funds | 312,983 |
| 2 | Donations and Iwgiclies | Donations and Iwgiclies | Unre- | Re- | Unre- | Re- | ||
|---|---|---|---|---|---|---|---|---|
| stricted | stricted | Total | strieted | strtcted | Total | |||
| Funds | Funds | 2028 | Funds | Funds | 2022 | |||
| R | R | R | 8 | |||||
| lan Karten Charitable | Trust | |||||||
| The Big Lottery North Somerset Council Social |
||||||||
| Services | "l64,885 | 164,885 | ||||||
| VAWS Chat tt Connect | 4,829 | 4,829 | ||||||
| Thomas Pockllngton Trust | 10.000 | 10,000 | ||||||
| Postcode Local Trust | 22,423 | 22,423 | ||||||
| Quartet Volunteering | 19,726 | 19,726 | ||||||
| NSC —tnfection Control Fund" | 3,000 | |||||||
| StMonica Peer Support | 16,581 | 16,581 | 19.789 | |||||
| Quartet - Talking for heailh | 19683 | |||||||
| Quartet Express | 4,900 | |||||||
| Awards for AII - Helping each Tesco-Grou~ork |
9,900 | |||||||
| UK - Digital | 500 | 500 | ||||||
| Age UK Brtstol- | ||||||||
| DRINal Inclusion | ||||||||
| VANS | ||||||||
| St Monica Trust | ||||||||
| Cotunation | 500 | |||||||
| 255,921 | 255.921 | 336,956 | 336,956 |
| Page 47 | Page 47 | |||||||
|---|---|---|---|---|---|---|---|---|
| 3 | Other trading ac5vltles | Unre- | Re- | Unre- | Re- | |||
| stricted | strtcted | Tolal | stI'lets0 | stricted | Total | |||
| Funds | Funds | 2823 | Funds | Funds | 2822 | |||
| 6 | 6 | 6 | ||||||
| Other | 947 | 947 | 6,602 | 6,692 | ||||
| Re-sale equiprncnt | 10,092 | 10,092 | 16,073 | 16,073 | ||||
| Room hire | 5,438 | 5,438 | 1,760 | 1,760 | ||||
| 16,477 | 24,435 | |||||||
| Unre- | Unre- | Re- | ||||||
| stricted | Total | strlcted | strlcted | Total | ||||
| Funds K |
A)23 K |
Funds | Funds | 2022 f |
||||
| Bank interest receivable | 1,994 | 181 | ||||||
| 5 | Dlrecii char~re expenditure | Re- | Unre- | Re- | ||||
| stricted | strlrted | stricted | Total | |||||
| Funds | Funds | Funds | 2022 | |||||
| 6 | ||||||||
| Wages and salaries | 33,304 | 195,712 | 229,016 | 7,296 | 229,064 | 236,360 | ||
| Core and operating | ||||||||
| costs | 3,680 | 10,782 | 46,956 | |||||
| Legal and professional | 2,4'l9 | 6,343 | ||||||
| Re-saic eqrapIAent | pure hased | 13,425 | 13,409 | 13,409 | ||||
| Project costs | 21,826 | 6,766 | 10,155 | 16,921 | ||||
| Contribution to core |
costs | (13,520) | 13,520 | |||||
| 74,654 | 267,229 | 341,883 | 24,733 | 295,256 | 319,989 | |||
| Wages and salaries | 191,237 | 196,027 | ||||||
| Social Securlt)r costs | 7,939 | 7,316 | ||||||
| Pension costs (note 14) | 33,017 |
| This isstated | after charging: | ||
|---|---|---|---|
| Depreciation | 9.450 | 11,016 | |
| Accountants | remuneration | 1,6M | 1,560 |
| 425,000 | 544.231 | ||
|---|---|---|---|
| 10,593 | |||
| 425,000 | 129,824 | 554,824 | |
| Depreciation | |||
| As at01.64.2022 | |||
| Charge forperiod | |||
| Nat trootr valrra | |||
| As at31.63.2623 | 16,'l76 | 41'l,4'l4 | |
| 10,781 | 416,27'I |
| 2023 | 2622 | |||||
|---|---|---|---|---|---|---|
| R | ||||||
| National | Sawngs | Bond | irwestrnenrs | 66 | 000 | 66,000 |
| Creditors: ainounta falling dtle wi@fn one year |
||
|---|---|---|
| 2D23 | ||
| R | ||
| Trade creditors | 1.,890 | |
| Accruals 8 deferred income | 2„680 | |
| other cI'editors | 3„054 | |
| Defined benefit pension scheme rablty |
| Deferred | income brought forward |
|---|---|
| Released | in year |
| Deferred | in the year |
| Deferred | income earned forward |
| Page 51 | |||||||
|---|---|---|---|---|---|---|---|
| Balance | |||||||
| 01.8422 | |||||||
| Restricted funds | |||||||
| tan Karten Centre | |||||||
| North Somerset Council | |||||||
| Social Services | (164,805) | ||||||
| VANS Chat 8 Connect | (4,829) | ||||||
| VANS | |||||||
| The Big Lottery | 25,884 | (25,884) | |||||
| Postcode Local Trust | (15,027) | ||||||
| Thomas Pocklington | Trust | (10,IXI) | |||||
| Quartet Express Grant | 155 | (155) | |||||
| Awards for all | 3,639 | (3„639) | |||||
| Quadet —Talking for |
health | 8,567 | (6,872) | ||||
| Quartet —Volunteering |
(16,075) | ||||||
| StMonica Trust - Peer | |||||||
| Support | (16,376) | ||||||
| St Monica Trust- | |||||||
| Coronation | |||||||
| Age UK Bristol - Digital | |||||||
| Inclusion | |||||||
| Tesco —Groundwork | UK- | ||||||
| Digital | 500 | ||||||
| NSC Infecten Control | Fund | ||||||
| Total restricted funda | 49,078 | 255,921 | (267,229) | (10,673) | 27,097 | ||
| Unrestricted funds |
|||||||
| Unrestiicted funds |
|||||||
| exduding pension |
reserve | (74,654) | (329,327) | 285,886 | |||
| Pension reserve | 348,000 | ||||||
| Total unrestricted | funds | 286,280 | 18,673 | 285,886 | |||
| Total Funds |
| Balance | Transferal | Ltlance | ||||
|---|---|---|---|---|---|---|
| 01.04.21 | tnecsne | Expenditure | (lossesj | N.03.22 | ||
| R | R | R | ||||
| Restricted funds | ||||||
| lan Karten Centre | ||||||
| Horth Somerset Council | ||||||
| Social Services | ||||||
| Quartet Community |
||||||
| Foundation {l3igital Profie) |
873 | (873) | ||||
| The Big Lottery | 12,'l36 | 114,084 | (98,566) | |||
| blational Lottery Awards |
2,542 | (2,542) | ||||
| Thomas Pocklngton | Trust | 579 | (579) | |||
| Quartet Express Grant | 4,900 | (4,745) | 155 | |||
| Awards forall | 9,900 | (6,261) | 3,639 | |||
| Quadet - Tatkeg for | heaRh | 19,683 | (10,292) | (824) | 8,567 | |
| StMonica Trust | 'l9,789 | (7,146) | (4,232) | 8,411 | ||
| NSC Infection Control Fund | 3,000 | (578) | 2,422 | |||
| Total restricted funds | 18,949 | 336,956 | (295,256} | (11,571) | 49,078 | |
| Unrestricted funds |
||||||
| Unrestricted funds |
||||||
| excluding pension reserve |
580,580 | 60,862 | (18,733) | 11,571 | 634,280 | |
| Pension reserve | (410,000) | (6,000) | 68,000 | (348,000) | ||
| Total unrestricted | funds | 170,580 | 60,862 | (24,733} | 79,571 | 286,280 |
| Total Funcls | (319,989) | 68,000 | 335,358 |
| Total | ||||||
|---|---|---|---|---|---|---|
| 2022 | ||||||
| R | ||||||
| Tangib ieassets | 411,414 | 410,271 | 410,271 | |||
| Betcurrent assets ex@luding | ||||||
| pension reserve | (98,431) | 224,009 | 49,078 | 273,687 | ||
| pension reserve | (348,006) | (348,000) | ||||
| 285.886 | 27,097 | 312,983 | 286,280 | 49,078 | 335,358 |
| Page 56 | Page 56 | Page 56 | |||
|---|---|---|---|---|---|
| Summary ofnet pension | BahHRy as at N Niarch 2023 | ||||
| Total | Totai | ||||
| 202$ | 2622 | ||||
| NIOO | K600 | ||||
| Present | vaiue ofdefime4 | benefit obfKIafiorts | |||
| Fair value ofshare ofscheme assets | |||||
| (348) | |||||
| Prindpai | Actuarial | Assumptions | |||
| At3t March At 3'I March | |||||
| 2923 | 2022 | ||||
| Salary increases | 4.904k | ||||
| Pension increases | 3.604/o | ||||
| DiscoUnt | rate | 2 80Ão | |||
| CPI increases | 340o/o |
| Rettrinil | today | |
|---|---|---|
| Males | ||
| Females | ||
| ReiNnng | tn 20year's | |
| Males | 246 | |
| Females | 27.3 |
| nsion Fund are as follow | s: | |||
|---|---|---|---|---|
| Asat31 hllareh | 2023 | As at 31 tNareh 2022 | ||
| Fair | %oftotal | Fair | %oftotal | |
| vaiue | scheme | value | scheme | |
| K'000 | assets | K'000 | assels | |
| Equities | 353 | 41% | ||
| Gilts | 109 | 12% | ||
| other bonds | 66 | 8% | ||
| Property | 59 | 7'k | ||
| Cash | 14 | 2% | ||
| other | 274 | 31% | ||
| Total market value ofassets | ||||
| Present value ofscheme | ||||
| LiabiNies - funded | (1,223) | |||
| Oeficit in the scheme |
| At | 31 | INareh | At | 31 | INareh |
|---|---|---|---|---|---|
| 2i923 | 2tt22 | ||||
| C'008 | f;Nit |
| At | 31 INarch At | 31 INa rch | ||
|---|---|---|---|---|
| 2923 | 2022 | |||
| K'990 | K'000 | |||
| At 1April | 2022 | (1 223) | ||
| Current service cost | ||||
| Interest cost | ||||
| Estimated | benefits paid | |||
| Employee | contributions | |||
| Actuariai | gainsi(losses) | |||
| Transfer | out on crystaliisation | |||
| (1.223) |
| At 21 INarch At | 31 INarch | ||
|---|---|---|---|
| 2923 | 2922 | ||
| R'099 | R.'999 | ||
| At 1April | 2922 | ai1 | |
| Interest income | 17 | ||
| Expected | return on fund assets | 62 | |
| Employer | contributions | 26 | |
| Empioyee | contributions | ||
| Estimated | benefits paid | (45) | |
| Transfer | out on crystal)isation | ||
| At 31 INarch 2923 |