| Page | ||||
|---|---|---|---|---|
| Reference and Administrative Details |
||||
| Report ofthe Trustees | 2 | to | 6 | |
| Independent Examiner's Report |
||||
| Statement of Financial | Activities | |||
| Balance Sheet | ||||
| Cash Flow Statement | and Notes | 10 | ||
| Notes to the Financial | Statements | 11 | to | 18 |
| Detailed Statement of Financial Activities | 19 |
| TRUSTEES | P M P Wrixon | |||||
|---|---|---|---|---|---|---|
| A J Davies | ||||||
| AJohnson (retired 8/12/22) | ||||||
| 8Jackson | ||||||
| D SHunt | ||||||
| Dr R Penney (appointed | 22/02/22) | |||||
| Dr CGoldsmith | (appointed | 24/02/22) | ||||
| A Wrixon (appointed | 10/11/22) | |||||
| REGISTERED OFFICE | Devereux Wootton | |||||
| Norton Canon |
||||||
| Herefordshire | ||||||
| HR4 8QN | ||||||
| REGISTERED COMPANY NUMBER | CE007610 (England | and | Wales) | |||
| REGISTERED CHARITY NUMBER | 1167802 | |||||
| INDEPENDENT | EXAMINER | R J Francis &Co | ||||
| Marshall Business Centre |
||||||
| Faraday Ruad | ||||||
| Hereford | ||||||
| Herefordshire | ||||||
| HR4 9NS |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| Notes | E | f | E | f | |||
| INCOME | |||||||
| Donations, bursaries |
and course income | 556,100 | 147,301 | 703,401 | 365,680 | ||
| Investment income |
1,123 | 1,123 | 1,163 | ||||
| Total | 557,223 | 147,301 | 704,524 | 366,843 | |||
| EXPENDITURE ON | |||||||
| Running courses |
4 | 282,748 | 15,307 | 298,055 | 294,598 | ||
| Support costs | 5 | 74,518 | 17,979 | 92,497 | 78,729 | ||
| Total | 357,266 | 33,286 | 390,552 | 373,327 | |||
| NET INCOME/(EXPENDITURE) | 199,957 | 114,015 | 313,972 | (6,484) | |||
| Transfers between | funds | 14a | 147,130 | (147,130) | |||
| Net movement in |
funds | 347,087 | (33,115) | 313,972 | (6,484) | ||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 14a | 187,516 | 33,115 | 220,631 | 227,115 | |
| TOTAL FUNDS CARRIED FORWARD | 14a | 534,603 | 534,603 | 220,631 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Tota I | Total | ||
| fund | funds | funds | funds | ||
| Notes | E | 6 | E | E | |
| FIXEDASSETS | |||||
| Tangible assets | 136,907 | 136,907 | 33,327 | ||
| CURRENT ASSETS | |||||
| Debtors | 10 | 55,064 | 55,064 | 27,922 | |
| Cash at bank | 11 | 421,771 | 421,771 | 272,679 | |
| 476,835 | 476,835 | 300,601 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
12 | (74,227) | (74,227) | (105,969) | |
| NET CURRENT ASSETS | 402,608 | 402,608 | 194,632 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 539,515 | 539,515 | 227,959 | ||
| ACCRUALS AND DEFERRED INCOME | 13 | (4,912) | (4,912) | (7,328) | |
| NET ASSETS | 534,603 | 534,603 | 220,631 | ||
| FUNDS | 14a | ||||
| Unrestricted funds |
534,603 | 187,516 | |||
| Restricted funds | 33,115 | ||||
| TOTALFUNDS | 534,603 | 220,631 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | E | E | ||||||||
| Cash flows from operating | activities | |||||||||
| Cash generated from operations |
A | 274,080 | 4,640 | |||||||
| Cash flows from investing | activities | |||||||||
| Purchase oftangible fixed |
assets | (126,111) | (16,657) | |||||||
| Interest received | 1,123 | 1,163 | ||||||||
| Net cash used in investing | activities | (124,988) | (15,494) | |||||||
| Change in cash and cash equivalents |
in the | |||||||||
| reporting year |
149,092 | (10,854) | ||||||||
| Cash and cash equivalents | at the beginning | |||||||||
| ofthe reporting year |
272,679 | 283,532 | ||||||||
| Cash and cash equivalents | atthe end | of | 8 | |||||||
| the reporting year |
421,771 | 272,679 | ||||||||
| RECONCILIATION | OF NET INCOME/(EXPENDITURE) | TO NET CASH | FLOW FROM | OPERATING ACTIVITIES | ||||||
| 2022 | 2021 | |||||||||
| E | E | |||||||||
| Net income/(expenditure) | for | the year (as per the | Statement | of | ||||||
| Financial Activities) | 313,972 | (6,484) | ||||||||
| Adjustments for: |
||||||||||
| Depreciation charges |
22,531 | 13,798 | ||||||||
| Interest received | (1,123) | (1,163) | ||||||||
| Increase in debtors |
(27,142) | (10,062) | ||||||||
| Increase in creditors |
(34,158) | 8,551 | ||||||||
| Net cash provided | by operations | 274,080 | 4,640 | |||||||
| B. ANALYSIS OF CHANGES IN |
NET FUNDS | |||||||||
| At 1.1.22 | Cash flow | At 31.12.22 | ||||||||
| E | E | E | ||||||||
| Net cash | ||||||||||
| Cash at bank | 272,679 | 149,092 | 421,771 |
| Office | 10%on cost | ||
|---|---|---|---|
| Motor vehicles | 33%on reducing | balance | |
| Computer | equipment | 33%on reducing | balance |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | E | E | ||||
| Course income and donations | 496,669 | 271,853 | ||||
| Lloyds Bank Foundation | for England | and Wales | 27,250 | |||
| Bulmers | 18,211 | |||||
| Bursary places | 13,970 | 29,600 | ||||
| 556,100 | 301,453 | |||||
| Restricted | ||||||
| Donations | for new office | 126,036 | ||||
| Course income and donations | 21,265 | 64,227 | ||||
| 147,301 | 64,227 | |||||
| 703,401 | 365,680 | |||||
| INVESTMENT INCOME | ||||||
| 2022 | 2021 | |||||
| E | E | |||||
| Interest receivable | 1123 | 1,163 | ||||
| RUNNING | COURSES | |||||
| 2022 | 2021 | |||||
| E | E | |||||
| Staff costs | 264,604 | 260,763 | ||||
| Transport | 8,167 | 2,803 | ||||
| Motor expenses | 1,150 | 3,002 | ||||
| Tools and | consumables | 8,807 | 5,746 | |||
| New site | 7,403 | |||||
| Course direct costs | 1,923 | 2,806 | ||||
| Sundry expenses | 7,868 | 3,803 | ||||
| Depn ofmotor vehicles | 5,536 | 8,272 | ||||
| 298,055 | 294,598 | |||||
| SUPPORT | COSTS | |||||
| Managing | ||||||
| the | ||||||
| Finance | charity | Totals | ||||
| f | 6 | E | ||||
| Other costs expended | 322 | 92,175 | 92,497 |
| STAFF COSTS | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Wages for running | courses | 264,604 | 260,763 | ||||||
| Admin wages | 26,820 | 26,539 | |||||||
| 291,424 | 287,302 | ||||||||
| The average monthly |
number | of employees | during the year was as follows: | ||||||
| 2022 | 2021 | ||||||||
| Trainers | 8 | 8 | |||||||
| Administration | 1 | 1 | |||||||
| No employees | received emoluments | in excess ofE60,000. | |||||||
| COMPARATIVES FOR THE STATEMENT OF | FINANCIAL ACTIVITIES (2021) | ||||||||
| Unrestricted | Restricted | Total | |||||||
| fund | funds | funds | |||||||
| E | E | E | |||||||
| INCOME AND | ENDOWMENTS | FROM | |||||||
| Donations, bursaries |
and course income | 301,453 | 64,227 | 365,680 | |||||
| Investment income |
1,163 | 1,163 | |||||||
| Total | 302,616 | 64,727 | |||||||
| EXPENDITURE | ON | ||||||||
| Running courses |
248,187 | 46,411 | 294,598 | ||||||
| Support costs | 71,098 | 7,631 | 78,729 | ||||||
| Total | 319,285 | 54,042 | 373,327 | ||||||
| NET INCOME/(EXPENDITURE) | (16,669) | 10,185 | (6,484) | ||||||
| RECONCILIATION | OF FUNDS | ||||||||
| Total funds brought | forward | 204,184 | 22,931 | 227,115 | |||||
| TOTAL FUNDS | CARRIED FORWARD | 187,515 | 33,116 | 220,631 |
| TANGIBLE FIXEDASSE | TS | |||
|---|---|---|---|---|
| Office | Motor | Computer | ||
| and store | vehicles | equipment | Totals | |
| E | E | 6 | E | |
| COST | ||||
| At 1January 2022 | 13,656 | 30,300 | 23,453 | 67,409 |
| Additions | 125,436 | 675 | 126,111 | |
| At 31December 2022 | 139,092 | 30,300 | 24,128 | 193,520 |
| DEPRECIATION | ||||
| At 1January 2022 | 5,746 | 13,525 | 14,811 | 34,082 |
| Charge for year | 13,879 | 5,536 | 3,116 | 22,531 |
| At 31December 2022 | 19,625 | 19,061 | 17,927 | 56,613 |
| NET BOOK VALUE | ||||
| At 31December 2022 | 119,467 | 11,239 | 6,201 | 136,907 |
| At 31December 2021 | 7,910 | 16,775 | 8,642 | 33,327 |
| DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| E | E | |||
| Debtors | 25,950 | 6,252 | ||
| Accrued income | 24,036 | 17,171 | ||
| Prepayments | 5,078 | 4,499 | ||
| 55,064 | 27,922 | |||
| CASH AT BANK | ||||
| 2022 | 2021 | |||
| E | f | |||
| Current account | 143,883 | 112,063 | ||
| CAF | 160,616 | 160,616 | ||
| United Trust Bank | 117,272 | |||
| Total | 421,771 | 272,679 |
| CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f | f | ||||
| Social security and other | taxes | 4,780 | 5,007 | ||
| Other creditors | 2,881 | 5,586 | |||
| Accruals | 3,800 | 1,008 | |||
| Income received | in advance | 62,766 | 94,368 | ||
| 74,227 | 105,969 | ||||
| ACCRUALS AND | DEFERRED INCOME | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Deferred income | 4,912 | 7,328 | |||
| MOVEMENT IN |
FUNDS | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.1.22 | in funds | funds | 31.12.22 | ||
| f | f | f | |||
| Unrestricted funds |
|||||
| General fund | 187,516 | 82,685 | 147,130 | 417,331 | |
| Designated fund |
117,272 | 117,272 | |||
| 187,516 | 199,957 | 147,130 | 534,603 | ||
| Restricted funds | |||||
| Impact Management | 1,190 | (1,190) | |||
| Clothworkers | (32) | 32 | |||
| Armed Forces Covenant | 80 | 529 | (609) | ||
| Lottery Community | 26,098 | (4) | (26,094) | ||
| New Office | 113,522 | (113,522) | |||
| MIND | 5,747 | (5,747) | |||
| 33,115 | 114,015 | (147,130) | |||
| TOTALFUNDS | 220,631 | 313,972 | 534,603 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| E | E | E | ||
| Unrestricted | funds | |||
| General fund |
439,951 | (357,266) | 82,685 | |
| Designated | fund | 117,272 | 117,272 | |
| 557,223 | (357,266) | 199,957 | ||
| Restricted funds | ||||
| Clothworkers | 1,644 | (1,676) | (32) | |
| Armed Forces Covenant | 18,850 | (18,321) | 529 | |
| Lottery Community | 772 | (775) | (4) | |
| New Office | 126,036 | (12,514) | 113,522 | |
| 147,301 | (33,286) | 114,015 | ||
| TOTALFUNDS | 704,524 | (390,552) | 313,972 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1 1 71 | in funds | 31.12.21 | |
| E | E | f | |
| Unrestricted funds |
|||
| General fund | 204,184 | (16,668) | 187,516 |
| Restricted funds | |||
| Impact Management | 1,190 | 1,190 | |
| Armed Forces Covenant | 80 | 80 | |
| Lottery Community | 21,741 | 4,357 | 26,098 |
| MIND | 5,747 | 5,747 | |
| 22,931 | 10,184 | 33,115 | |
| TOTALFUNDS | 227,115 | (6,484) | 220,631 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| E | E | E | |||
| Unrestricted | funds | ||||
| General | fund | 302,616 | (319,284) | (16,668) | |
| Restricted funds | |||||
| Clothworkers | 2,481 | (2,481) | |||
| Armed | Forces Covenant | 4,820 | (4,740) | 80 | |
| Lottery | Community | 36,927 | (32,570) | 4,357 | |
| MIND | 19,999 | (14,252) | 5,747 | ||
| 64,227 | (54,043) | 10,184 | |||
| TOTAL | FUNDS | 366,843 | (373,327) | (6,484) |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.1.21 | in funds | funds | 31.12.22 | ||
| E | E | E | E | ||
| Unrestricted funds |
|||||
| General | fund | 204,184 | 66,017 | 147,130 | 417,331 |
| Designated fund |
117,272 | 117,272 | |||
| 204,184 | 183,289 | 147,130 | 534,603 | ||
| Restricted funds | |||||
| Impact | Management | 1,190 | (1,190) | ||
| Clothworkers | (32) | 32 | |||
| Armed | Forces Covenant | 609 | (609) | ||
| Lottery | Community | 21,741 | 4,353 | (26,094) | |
| MIND | 5,747 | (5,747) | |||
| New Office | 113,522 | (113,522) | |||
| 22,931 | 124,199 | (147,130) | |||
| TOTAL | FUNDS | 227,115 | 307,488 | 534,603 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| E | E | |||
| Unrestricted | funds | |||
| General fund | 742,567 | (676,550) | 66,017 | |
| Designated | fund | 117,272 | 117,272 | |
| 859,839 | (676,550) | 183,289 | ||
| Restricted funds | ||||
| Clothworkers | 4,125 | (4,157) | (32) | |
| Armed Forces Covenant | 23,670 | (23,061) | 609 | |
| Lottery Community | 37,698 | (33,345) | 4,353 | |
| MIND | 19,999 | (14,252) | 5,747 | |
| New Office | 126,036 | (12,514) | 113,522 | |
| 211,528 | (87,329) | 124,199 | ||
| TOTALFUNDS | 1,071,367 | (763,879) | 307,488 |