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2022-09-30-accounts

PICCADILLY GARDEN LIMITED

(A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

COMPANY NUMBER: 10395195 CHARITY NUMBER: 1170962

PAGE 1

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

CONTENTS
PAGE
1) SCHEDULE OF BOARD OF DIRECTORS / TRUSTEES 2
2) TRUSTEES REPORT 3 - 5
3) TRUSTEES RESPONSIBILITES 6
4) INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES 7
5) STATEMENT OF FINANCIAL ACTIVITIES 8
6) BALANCE SHEET 9
7) NOTES TO THE ACCOUNTS 10 - 18

PAGE 2

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

SCHEDULE OF BOARD OF DIRECTORS/TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2022

Schedule of Board of Directors / Trustees

The Trustees who served during the year and their interest in the share capital of the society were as follows:

Stephen Hughes Mike Jones Mark Shackleton John Kirton Chrissie Rowlinson Nicola Horrax David O’Gorman Pam Hayes (Stepped down 26[th] September 2022) Janie Kirkman (Stepped down 15[th] December 2021)

Chair Person Chrissie Rowlinson

Vice Chair

John Kirton

Company Secretary Janie Kirkman

Company Treasurer Stephen Hughes

Staff Representative

By Rota

Registered Office

Piccadilly Garden Ltd, Scotforth, Lancaster, LA1 4PX

Bankers

Barclays Bank plc, 38 Market Street, Lancaster, LA1 1HR

Independent Examiners

CWR Chartered Accountants, 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW

PAGE 3

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2022

Chairperson remarks

I am pleased to present the trustee’s report for the financial year ending September 2022.

The year has yet again been an eventful one and the team are still dealing with the daily impact of the pandemic. Our main priority is to keep those that we support safe, and the team have adapted admirably to the changes required of them to ensure this happens, both on and off site as we slowly return to other wider activities.

Our site, thanks to the building work supported by The National Lottery, Reaching Communities Fund, is better than it’s ever been. The purpose-built activity cabins, welfare block, as well as exciting outdoor areas and better access now mean that we can provide our activities in these fantastic spaces in comfort and style! The building work inevitably came with challenges and disruption so I would like to say thank you to the whole team for their perseverance and support during this time.

Piccadilly is only what it is through the efforts and enthusiasm of the team and of those who we support. And whilst we now have amazing facilities, it is the people in them that bring them to life. The future is bright for Piccadilly, we recognise that we are still facing difficult times ahead, but I know that the team, along with the support of the Board of Trustees will rise to the challenges and ensure that we can provide the daily support and meaningful activities to those that need it.

Manager’s remarks

Piccadilly is primarily a Day Support Service for Young people and adults with learning disabilities, the organisation is over 30 years old and has been a registered charity since January 2017.

Piccadilly has been using the capital grants from The National Lottery and Primrose Trust to make some significant capital improvements this year, the works have now been signed off, they included New Gates (entrance and exit), new Carpark, 2 new Activity rooms, new welfare block, accessible pathways, outdoor gym equipment and improvements to the interior of all of the activity rooms. Smaller projects have also been planned; these include a new accessible pathway from the new gate into the site as well as a new outdoor activity space behind the Polytunnels.

Covid impact – we have still been working under IPC measures (Infection Prevention Control) due to the high risk of Covid and its impact on the way we work, day to day. We are now working with 4 cohorts / groups that are independent from one another and have their own activities planned throughout the week. This reduces the impact on Piccadilly and its finances should someone we support, or a staff member gets Covid, and we have to close a group rather than close the whole service.

Staff are still required to wear masks when working in close proximity of those we support, as well as the use of gloves and hand sanitiser, these are all common place when working with and supporting those that attend. The new layout for all activity rooms as well as the welfare block have helped in keeping infection rates to a minimum. We are using CO2 monitors in most activity spaces; this helps with identifying when more ventilation is required and again helps with keeping infection rates down.

Since the beginning of this financial year October 2022, we have increased numbers we support due mainly to the new activity rooms, these have only been in use from January 2022 due to delays due to Covid. We have also increased activities both on site and out in the community.

Core Values & Principals

While our intent is to serve the people referred to us or those that choose our service, we are aware that our actions may have implications beyond them and affect others. Therefore, we continuously try to be thoughtful, careful and visionary about how and what we do, we feel it is important to highlight the core values of our organisation. These are;

PAGE 4

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2022

Recognising individual capabilities through ongoing and progressive personal development.

Encourage equality and diversity and treat people with dignity and respect.

Conduct our activities in an environmentally and sustainable way.

Our Mission:

To be the local service of choice, helping people who need support to develop their potential as individuals

Our Vision:

A society where everyone is valued

Grants / Funding received this financial year 2021/2022:

Summary of the year – October 2021 to September 2022

Services at Piccadilly

This is the only service we run; we have increased from 3 cohorts to 4 cohorts as from January 2022 we have increased the ability of supporting 3 people in each group to 4, with careful management as well as increased staffing levels, however there are still some places available to be filled on certain days.

Infection Prevention Control or IPC measure have been in place since October 2020, this includes the wearing of PPE, sanitising stations, smaller groups, social distancing, regular testing and regular and more robust cleaning measures, we have moved to supporting people both on site as well as taking them out the community!

Activities on site include, cooking, baking, arts and crafts, horticulture, exercise using our newly funded exercise equipment and swings. Of site activities include, cycling, walking, dog walking, trips to museums and railways as well as beaches and nature reserves.

2021/2022 - Restructuring due to Covid

Staffing

A number of staff have reduced their days from 5 to 4, allowing us to employ more support staff, the Kickstart scheme allowed us to trial one young person, who we then employed 5 days a week.

Volunteers

We have 2 volunteers that help support the groups on a Tuesday, they are invaluable members of the team, allowing the groups to do more and access more activities off site.

What this means for 2022/2023

There is a much brighter future for Piccadilly with all the new infrastructure afforded to us from grants received, and we have increased the numbers we support, there will be lots of challenges ahead and there are still lots of improvement works we could do on the site, such as: - increasing indoor spaces, replacing older activity cabins, increased accessible pathways, energy efficiency improvements etc. this only comes with either guaranteed income or grant support.

PAGE 5

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2022

We are looking at ways in which we can guarantee monthly income, with Service users agreements in place for those on direct payments and/or self-funders, we are also in talks with Lancashire County Council, who have agreed to look at a ‘Pay on Plan’ agreement for those that attend, as currently those that don’t attend for any reason means we don’t get paid for the missed days, and with Covid this has had a huge impact on out monthly/yearly income.

The management team are also looking at potential grants to help with capital works as well as revenue income to help with our overheads and activity costs.

We do have to consider increased energy costs and fuel prices that could impact Piccadilly in the coming months / years going forward, this is being monitored closely by both the Trustees and the Management team.

PAGE 6

PICCADILLY GARDEN LIMITED A COMPANY LIMITED BY GUARANTEE)

TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

The Charity Trustees (who are also the Directors of Piccadilly Garden Limited for the purposes of Company Law) are responsible for preparing a Trustees’ Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

STATEMENT AS TO DISCLOSURE TO OUR INDEPENDENT EXAMINER

In so far as the Trustees are aware at the time of approving our Trustees’ Annual Report:

This report was approved by the Board of Directors on the 7[th] December 2022 and signed on behalf of the Board by:

C Rowlinson

S Hughes

J Kirton

PAGE 7

PICCADILLY GARDEN LIMITED A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

I report on the financial statements of the company for the year ended 30[th] September 2022 as set out on pages 8 to 18.

This report is made solely to the charity’s Trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Respective responsibilities of Trustees and examiner

The charity's Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of financial statements. The Trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (‘the Charities Act’) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Mr R Mitchell For and on behalf of:

CWR Chartered Accountants 20 Mannin Way Lancaster Business Park Caton Road Lancaster LA1 3SW

Date: 9[th] December 2022

PAGE 8

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

Notes Unrestricted Restricted Fixed Asset
Total Funds		 Total Funds
Funds Funds Funds 2022 2021
INCOME:
Donations and Grants 2A 28,211 6,362 25,713 60,286 354,623
Charitable Activities 4 182,515 - - 182,515 86,814
Other Trading Activities 2B - - - - 466
Investments 3 22 - - 22 11
TOTAL 210,748 6,362 25,713 242,823 441,914
EXPENDITURE ON:
Raising Funds 5A - - - - -
Charitable Activities 5B 197,535 6,362 28,446 232,343 247,767
TOTAL 197,535 6,362 28,446 232,343 247,767
NET INCOME 13,213 - (2,733) 10,480 194,147
Transfers between Funds (10,558) - 10,558 - -
______ ______ ______ ______ _____
NET MOVEMENT IN FUNDS 2,655 - 7,825 10,480 194,147
RECONCILIATION OF FUNDS:
Total Fund Brought Forward 80,213 - 271,026 351,239 157,092
______ ______ ______ ______
______
Total Funds Carried Forward 82,868 -
278,851		 361,719 351,239

The Statement of Financial Activities includes all gains and losses recognised in the period.

All income and expenditure is derived from continuing activities.

PAGE 9

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 30[TH] SEPTEMBER 2022

Notes
FIXED ASSETS
Tangible Assets
10
CURRENT ASSETS
Stock
Debtors
11
Cash at Bank and in Hand
CURRENT LIABILITIES
Creditors:- Amounts Falling Due Within 1 Year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
Creditors:- Amounts Falling Due After 1 Year
TOTAL NET ASSETS
FUNDS OF THE CHARITY
Unrestricted Funds
13
Designated Funds
14
Restricted Funds
15
Fixed Asset Funds
16
TOTAL CHARITY FUNDS		 -
28,221
70,467
98,688
15,820		 Total
2022
278,851
82,868
361,719
-
361,719
30,466
52,402
-
278,851
361,719		 -
7,730
88,863
96,593
8,725		 Total
2021
263,371
87,868
351,239
-
351,239
9,833
70,380
-
271,026
351,239

For the financial year in question the company was entitled to exemption undersection 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.

These financial accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The notes at pages 10 to 18 form part of these accounts.

These financial accounts were approved by the Trustees and authorised for issue on the 7[th] December 2022 and are signed on their behalf by: -

C Rowlinson (Director and Trustee) Company Registration Number: 10395195 Charity Number: 1170962

PAGE 10

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

1 ACCOUNTING POLICIES

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

(a) Basis of Preparation

The financial statements have been prepared in accordance with 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 (FRS102) (effective 1[st] January 2019) – (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Piccadilly Garden Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Due to the work being carried out by the company to improve sustainability, sufficient and appropriate evidence has been obtained to support the Trustees view that the Charity Accounts should be prepared on a Going Concern basis.

(b) Fund Accounting

(c) Income

Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

The following specific policies are applied to particular categories of income:

PAGE 11

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

(d) Resources Expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

(e) Financial instruments

(f) Fixed Assets

Individual Fixed Assets costing £100 or more are capitalised at cost.

Depreciation is provided on all Tangible Fixed Assets at rates calculated to write off the costs over their expected useful economic lives.

The principal rates are as follows:

Plant and Equipment 15% Straight Line Leasehold Improvements Over 30 years / 10% Straight Line Motor Vehicles 20% Straight Line

(g) Volunteers and Donated Services and Facilities

The value of services provided by volunteers is not incorporated into these financial statements.

PAGE 12

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

2ADONATIONS AND GRANTS
Unrestricted
Restricted
Coronavirus Job Retention Scheme
LCC Income Generation Scheme
LCC Infection Control Fund
National Lottery Covid Community Support Fund
National Lottery Awards for All Programme
National Lottery Reaching Communities Grant
Primrose Trust
Albert Hunt Trust
Duchy of Lancaster Benevolent Fund
Kickstart Scheme
Francis C Scott Charitable Trust
General donations and fundraising
-
-
5,368
-
6,600
-
14,242
-
-
1,500
-
501
28,211
-
-
-
-
-
25,713
-
-
-
6,362
-
-
32,075		 2022
Total
-
-
5,368
-
6,600
25,713
14,242
-
-
7,862
-
501
60,286		 2021
Total
32,478
35,424
10,887
89,006
-
172,382
4,866
2,000
5,000
-
833
1,747
354,623

2B OTHER TRADING ACTIVITIES

Unrestricted
Restricted
Sale of Goods and Services
-
-		 2022
Total
2021
Total
-
466

Income arises from interest bearing deposit accounts.

3 INVESTMENTS

PAGE 13

PICCADILLY GARDEN LIMITED (COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

4CHARITABLE ACTIVITIES
Unrestricted
Restricted
Revenue Grants and Income
Day Provision
TOTAL INCOME FROM CHARITABLE ACTIVITIES

182,515
182,515
-
**- **		 2022
Total
182,515
182,515		 2021
Total
86,814
86,814

PAGE 14

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

5EXPENDITURE
Unrestricted
Funds
Restricted
Funds
A Raising Funds
Fundraising Costs
-
-
B Charitable Activities
Direct Charitable Expenditure
Purchase of Goods for Resale
-
-
Wages and Salaries
89,299
6,362
Activities
5,327
-
Heat, Light and Water
6,366
-
Repairs and Maintenance
5,400
-
Bank Charges
18
-
Hire of Equipment
1,011
-
Motoring Expenses
3,508
-
Health and Safety
1,680
-
Loss on disposal of Fixed Assets
-
465
Depreciation
-
27,981
112,609
34,808
Administrative/Management Expenditure
Administration/Management Salaries
55,962
-
Telephone and Internet Costs
1,455
-
Insurance
6,286
-
Printing, Postage and Stationery
498
-
Advertising Marketing and Publicity
239
-
Sundry Expenses Including Computer Costs and Cleaning
9,437
-
Bookkeeping and Payroll Fees
5,630
-
Professional and Membership Fees
2,592
-
Staff Training Costs
377
-
82,476
-
Governance Costs
Independent Examination Fees
2,450
-
Total
2,450
197,535
-
34,808		 2022
Total
-
-
95,661
5,327
6,366
5,400
18
1,011
3,508
1,680
465
27,981
147,417
55,962
1,455
6,286
498
239
9,437
5,630
2,592
377
82,476
2,450
2,450
232,343		 2021
Total
-
1,625
108,519
4,516
5,496
15,440
43
871
1,757
1,803
-
21,509
161,579
55,764
1,094
6,644
485
223
10,793
5,389
3,101
320
83,813
2,375
2,375
247,767

PAGE 15

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

6 ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL

Staff costs were as follows:
Wages and Salaries
Social Security Costs
Pension Costs
Total Staff Costs		 2022
144,828
4,235
2,560
151,623		 2021
156,108
5,575
2,600
164,283

No employee earned £60,000 p.a. or more.

No remuneration or expenses were paid to any Trustee in the current or prior year.

Key management personnel are considered to also be the trustees of the charity. No trustee received remuneration or were reimbursed expenses for the current or prior financial period.

7 STAFF NUMBERS

The average number of employees during the period were as follows:

2022 2021
Direct Charitable Work 6 6
Administration and Management 3 3

8 RELATED PARTY TRANSACTIONS .

No Trustee or related party has had any personal interest in any contract or transaction entered into by the Charity during the year.

9 CORPORATION TAX

The Charity is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 on Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

PAGE 16

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

10TANGIBLE ASSETS
Leasehold
Plant and
Motor
Land
Equipment
Vehicles
and
Buildings
Cost
At 1stOctober 2021
304,027
81,545
28,083
Additions
30,635
13,292
-
Disposals
-
(2,222)
-
__

__
At 30thSeptember 2022
334,662
92,615
28,083
Depreciation
At 1stOctober 2021
74,609
54,583
21,092
Charge for the period
17,594
7,233
3,155
On disposal
-
(1,757)
-
_

_
At 30thSeptember 2022
92,203
60,059
24,247
Net Book Value
At 30thSeptember 2022
242,459
32,556
3,836
At 30thSeptember 2021
229,418
26,962
6,991
11DEBTORS
2022
Trade debtors
6,627
Prepayments
1,990
Other debtors
19,604
28,221
12CREDITORS: AMOUNTS FALLING DUE WITHIN 1 YEAR
2022
Trade creditors
1,086
Accruals
3,164
Taxation and Social Security
1,570
Deferred income
10,000
15,820

Total

413,655

43,927

(2,222)

__

455,360

150,284

27,982

(1,757)

____

176,509

278,851

263,371
2021
4,853
1,769
1,108
7,730
2021
2,915
3,695
2,115
-
8,725		 Total
413,655
43,927
(2,222)
______
455,360

150,284
27,982
(1,757)
______
176,509
278,851

263,371

PAGE 17

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

13UNRESTRICTED FUNDS
Brought forward
Surplus for the period
Transfer (to) designated fund
Transfer (to) fixed asset funds
Carried forward
14DESIGNATED FUNDS
Brought forward
Transfer from unrestricted funds
Carried forward
15RESTRICTED FUNDS
Brought forward
Surplus/deficit for the period
Transfer to fixed asset funds
Carried forward		 2022
9,833
13,213
17,978
(10,558)
30,466
2022
70,380
(17,978)
52,402
2022
-
-
-
-		 2021
18,088
43,274
(9,017)
(42,512)
9,833
2021
61,363
9,017
70,380
2021
-
-
-
**__ ___- **

Previously the trustees transferred an amount of £100,000 to designated funds to represent approximately six months running costs. During the 2021/2022 accounting period the trustees have transferred £17,978 of these funds from the designated funds.

16FIXED ASSET FUNDS
Brought forward
Capital income
Deprecation and profit/loss on disposal
Transfer from other funds
Carried forward		 2022
271,026
25,713
(28,446)
10,558
278,851		 2021
77,641
172,382
(21,509)
42,512
271,026

17 ANALYSIS OF ASSETS BETWEEN FUNDS

Unrestricted
Funds
Restricted
Funds
Fixed Asset
Funds
Tangible Fixed Assets
-
-
278,851
Current Assets
98,688
-
-
Current Liabilities
(15,820)
-
-
Net Assets at 30thSeptember 2022
_ 82,868
-
278,851		 Total
Funds
278,851
98,688
(15,820)
361,719

PAGE 18

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022

18 ANALYSIS OF MOVEMENT IN RESTRICTED FUNDS

At Incoming Outgoing Capitalised At
01/10/2021 Funds Funds Assets 30/09/2022
Kickstart Scheme - 6,362 (6,362) - -
**- ** - - - **- **