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|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|2|to|6|
|Independent
Examiner's
Report||||
|Statement of Financial Activities||||
|galance Sheet||||
|Cash Flow Statement
and Notes||10||
|Notes to the Financial Statements|11|to|18|
|TRUSTEES||P M P Wrixon (Chairman|P M P Wrixon (Chairman|to 07/03/2024)|
|---|---|---|---|---|
|||AI Davies|||
|||8Jackson|||
|||D S Hunt (Chairman|from|07/03/2024)|
|||Dr R Penney|||
|||Dr C Goldsmith|||
|||A Wrixon|||
|REGISTERED OFFICE||Devereux Wootton|||
|||Norton
Canon|||
|||Herefordshire|||
|||HR4 SQN|||
|REGISTERED COMPANY NUMBER||CE007610(England|and Wales)||
|REGISTERED CHARITY NUMBER||1167802|||
|INDEPENDENT|EXAMINER|R J Francis & Co|||
|||Marshall
Business Centre|||
|||Faraday Road|||
|||Hereford|||
|||Herefordshire|||
|||HR4 9NS|||
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Tota I|
|||||fund|funds|funds|funds|
||||Notes|E|E|E|E|
|INCOME||||||||
|Donations,
bursa|ries and course income||2|477,772|13,894|491,666|703,401|
|Investment
income|||3|4,419||4,419|1,123|
|Total||||482,191|13,894|496,085|704,524|
|EXPENDITURE ON||||||||
|Running
courses|||4|330,835|7,775|338,610|298,055|
|Support costs|||5|96,805|1,208|98,013|92,497|
|Total||||427,640|8,983|436,623|390,552|
|NET INCOME
Transfers between||funds|14a|54,551
4,911|4,911
(4,911)|59,462|313,972|
|Net movement
in|funds|||59,462||59,462|313,972|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought||forward|14a|534,603||534,603|220,631|
|TOTAL FUNDS CARRIED FORWARD|||14a|594,065||594,065|534,603|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||No'tes|6|E|E|f|
|FIXEDASSETS||||||
|Tangible assets||128,614||128,614|136,907|
|CURRENT ASSETS||||||
|Debtors
Cash at bank|10
11|38,321
520,054|2,247|38,321
522,301|55,064
421,771|
|||558,375|2,247|560,622|476,835|
|CREDITORS||||||
|Amounts
falling due within one year|12|(92,924)|(2,247)|(95,171)|(74,227)|
|NET CURRENT ASSETS||465,451|-|465,451|402,608|
|TOTAL ASSETS LESSCURRENT LIABILITIES||594,065||594,065|539,515|
|ACCRUALS AND DEFERRED INCOME|13||||(4,912)|
|NET ASSETS||594,065||594,065|534,603|
|FUNDS|14a|||||
|Unrestricted
funds
Restricted funds||||594,065|534,603|
|TOTALFUNDS||||594,065|534,603|
##
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
|||||Notes|E||E|
|Cash flows from operating||activities||||||
|Cash generated
from operations|||||118,574||274,080|
|Cash flows from investing||activities||||||
|Purchase oftangible fixed
Interest received||assets|||(22,463)
4,419||(126,111)
1123|
|Net cash used in investing||activities|||(18,044)||(124,988)|
|Change in cash and cash|equivalents||in the|||||
|reporting
year|||||100,530||149,092|
|Cash and cash equivalents||at the beginning||||||
|ofthe reporting
year|||||421,771||272,679|
|Cash and cash equivalents||at the end|of|8||||
|the reporting
year|||||522,301||421,771|
|RECONCILIATION|OF NET INCOME/(EXPENDITURE)||||TO NET CASH FLOW FROM|OPERATING ACTIVITIES||
|||||||2023|2022|
|||||||E|6|
|Net income for the||year (as per the||Statement of|Financial Activities)|59,462|313,972|
|Adjustments
for:||||||||
|Depreciation
charges||||||23,116|22,531|
|Loss on disposal of||fixed assets||||7,640||
|Interest received||||||(4,418)|(1,123)|
|Increase
in debtors||||||16,743|(27,142)|
|Increase
in creditors||||||16,031|(34,158)|
|Net cash provided||by operations||||118,574|274,080|
|B.
ANALYSIS OF CHANGES
IN NET|||FUNDS|||||
||||||At 1.1.23|Cash flow|At 31.12.23|
||||||E|E|E|
|Net cash||||||||
|Cash at bank|||||421,771|100,530|522,301|
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|Office|10S6on cost||
|---|---|---|
|Course accommodation|20SSon cost||
|Motor vehicles|33%on reducing|balance|
|Computer
equipment|33S6on reducing|balance|
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|DONATIONS
AND BURSARIES|DONATIONS
AND BURSARIES|||||
|---|---|---|---|---|---|
|||||2023|2022|
|Unrestricted||||f|E|
|Course income and donations||||386,098|496,669|
|Lloyds Bank Foundation
Bulmers|for England|and Wales||25,050
14,211|27,250
18,211|
|Bursary places||||52,413|13,970|
|Restricted||||477,772|556,100|
|Donations for new office
Course income and donations||||13,894|126,036
21,265|
|||||13,894|147,301|
|||||491,666|703,401|
|INVESTMENT INCOME||||||
|||||2023|2022|
|||||E|f|
|Interest receivable||||4,419|1123|
|RUNNING
COURSES||||||
|||||2023|2022|
|||||f|E|
|Staff costs||||286,188|264,604|
|Transport
Motor expenses
Tools and consumables
New site||||6,702
3,150
7,236
13,676|8,167
1,150
8,807|
|Course direct costs||||733|1,923|
|Sundry expenses
Depreciation
of motor vehicles
Loss on sale ofassets||||9,576
3,709
7,640|7,868
5,536|
|||||338,610|298,055|
|SUPPORT COSTS||||||
|||||Managing||
|||||the||
||||Finance|charity|Totals|
||||E|E|E|
|Other costs expended|||308|97,705|98,013|
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|STAFF COSTS|||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||6|f|
|Wages for running|courses||||286,188|264,604|
|Admin wages|||||31,381|26,820|
||||||317,569|291,424|
|The average
monthly
number||ofemployees||during the year was as follows:|||
||||||2023|2022|
|Trainers|||||8|8|
|Administration|||||1|1|
|No employees
received emoluments|||in excess off60,000.||||
|COMPARATIVES FOR THE STATEMENT OF||||FINANCIAL ACTIVITIES (2022)|||
|||||Unrestricted|Restricted|Tota I|
|||||fund|funds|funds|
|||||E|E|E|
|INCOME AND ENDOWMENTS||FROM|||||
|Donations,
bursaries
and course income||||556,100|147,301|703,401|
|Investment
income||||1,123||1123|
|Total||||557,223|147,301|704,524|
|EXPENDITURE ON|||||||
|Running courses||||282,748|15,307|298,055|
|Support costs||||74,518|17,979|92,497|
|Total||||357,266|33,286|390,552|
|NET INCOME/(EXPENDITURE)||||199,957|114,015|313,972|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
Transfers between|forward
funds|||187,516
147,130|33,115
(147,130)|220,631|
|Net income/(expenditure)
as above||||199,957|114,015|313,972|
|TOTAL FUNDS CARRIED FORWARD||||534,603||534,603|
##
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|||Office|Course|Motor|Computer||
|---|---|---|---|---|---|---|
|||and store|accommoda-|vehicles|equipment|Totals|
||||tion||||
||||E||||
|COST|||||||
|At 1January 2023||139,092||30,300|24,128|193,520|
|Additions||866|21,597|||22,463|
|Disposals||(8,832)|||(24,128)|(32,960)|
|At 31December 2023||131,126|21,597|30,300||183,023|
|DEPRECIATION|||||||
|At 1January 2023||19,625||19,061|17,927|56,613|
|Charge for year||13,363|4,319|3,708|1,724|23,114|
|Eliminated
on disposal||(5,667)|||(19,651)|(25,318)|
|At 31December 2023||27,321|4,319|22,769||54,409|
|NET BOOK VALUE|||||||
|At 31December 2023||103,805|17,278|7,531||128,614|
|At 31December 2022||119,467||11,239|6,201|136,907|
|DEBTORS:AMOUNTS|FALLING|DUE WITHIN ONE YEAR|||||
||||||2023|2022|
||||||E|6|
|Debtors|||||23,750|25,950|
|Accrued income|||||11,780|24,036|
|Prepayments|||||2,791|5,078|
||||||38,321|55,064|
|CASH AT BANK|||||||
||||||2023|2022|
||||||E|E|
|Current account|||||254,360|143,883|
|CAF|||||10,616|160,616|
|United Trust Bank|||||87,325|117,272|
|Bath Building Society|||||85,000||
|Redwood
Bank|||||85,000||
|Tota I|||||522,301|421,771|
##
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|12.|CREDITORS:|AM|OUNTS
FALLING DUE WIT|HIN ONE YEAR||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||E|E|
||Social security and other taxes
Other creditors|||||5,183
2,387|4,780
2,881|
||Accruals
Income received||in advance|||4,080
83,521|3,800
62,766|
|||||||95,171|74,227|
|13.|ACCRUALS AND||DEFERRED INCOME|||||
|||||||2023|2022|
|||||||E|E|
||Deferred income||||||4,912|
|14.(a)|MOVEMENT|IN FUNDS||||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.1.23|in funds|funds|31.12.23|
|||||E|E|E|E|
||Unrestricted|funds||||||
||General fund|||417,331|50,585|4,911|472,827|
||Designated
fund|||117,272|3,966||121,238|
|||||534,603|54,551|4,911|594,065|
||Restricted funds|||||||
||Clothworkers||||1,567|(1,567)||
||Armed Forces|Covenant|||3,344|(3,344)||
||||||4,911|(4,911)||
||TOTAL FUNDS|||534,603|59,462||594,065|
##
|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|||||E|E|E|
|Unrestricted|funds||||||
|General fund||||478,225|(427,640)|50,585|
|Designated||||3,966||3,966|
|||||482,191|(427,640)|54,551|
|Restricted funds|||||||
|Clothworkers||||1,567||1,567|
|Armed Forces Covenant||||3,401|(57)|3,344|
|Bluelight Card Foundation||||7,401|(7,401)||
|High Shet((Fs
George' s||||1,000
525|(1,000)
(525)||
|||||13,894|(8,983)|4,911|
|TOTALFUNDS||||496,085|(436,623)|59,462|
|Comparatives|for movement|in funds|||||
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.22|in funds|funds|31.12.22|
||||E|E|E|E|
|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|||||||
|Clothworkers||||(32)|32||
|Armed Forces|Covenant||80|529|(609)||
|Lottery Community|||26,098|(4)|(26,094)||
|MIND|||5,747||(5,747)||
|Impact Management|||1,190||(1,190)||
|New Office||||113,522|(113,522)||
||||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
Designated
fund|||439,951
117,272|(357,266)|82,685
117,272|
||||557,223|(357,266)|199,957|
|Restricted funds||||||
|Clothworkers
Armed Forces|Covenant||1,644
18,850|(1,676)
(18,321)|(32)
529|
|Lottery Community
MIND|||771
126,036|(775)
(12,514)|(4)
113,522|
||||147,301|(33,286)|114,015|
|TOTAL FUNDS|||704,524|(390,552)|313,972|
|A current year|12 months|and prior year 12 months combined|position
is as follows:|||
||||Net|Transfers||
||||movement|between|At|
|||At 1.1.22|in funds|funds|31.12.23|
|||E|E|E|E|
|Unrestricted
funds||||||
|General fund||187,516|133,270|152,041|472,827|
|Designated
fund|||121,238||121,238|
|||187,516|254,508|152,041|594,065|
|Restricted funds||||||
|Clothworkers|||1,535|(1,535)||
|Armed Forces|Covenant|80|3,873|(3,953)||
|Lottery Community||26,098|(4)|(26,094)||
|MIND||5,747||(5,747)||
|Impact Management||1,190||(1,190)||
|New Office|||113,522|(113,522)||
|||33,115|118,926|(152,041)||
|TOTAI. FUNDS||220,631|373,434||594,065|
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||E|E|f|
|Unrestricted|funds||||
|General fund
Designated
fund||918,176
121,238|(784,906)|133,270
121,238|
|||1,039,414|(784,906)|254,508|
|Restricted funds|||||
|Clothworkers
Armed Forces Covenant
Lottery Community
New Office
Bluelight
Card Foundation
High Sheriffs
George' s||3,211
22,251
771
126,036
7,401
1,000
525|(1,676)
(18,378)
(775)
(12,514)
(7,401)
(1,000)
(525)|1,535
3,873
(4)
113,522|
|||161,195|(42,269)|118,926|
|TOTALFUNDS||1,200,609|(827,175)|373,434|
##
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