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|Charity Information|||
|Trustees' Report||2-4|
|Independent
Examiner's|Report||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Statement
ofCashflow|||
|Notes to the Financial Statements||9-14|
|Trustees:||Judith Jackson||Chair|
|---|---|---|---|---|
|||Judith Smith||Secretary|
|||Hilary Corcoran|||
|||Anne Kearle|||
|||Lucy Nicholls-Brice|||
|||Victoria Hanna|||
|||Geraldine
Wadham|||
|Principal Address:||P0Box286|||
|||Taunton|||
|||Somerset|||
|||TA2 6YD|||
|Independent|Examiner:|Sarah Twist FCA DChA|||
|||A CMole|||
|||Stafford House|||
|||Blackbrook Park Avenue|||
|||Taunton|||
|||Somerset|||
|||TAl 2PX|||
|Bankers:||National
Westminster|Bank|pic|
|||26-27Fore Street|||
|||Taunton|||
|||TA1 JJQ|||
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||||Unrestricted|Unrestricted|Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|
||||Funds||Funds|Year Ended|Year Ended|
|||Note|General|D~esi|ated|31.03.23|31.03.22|
|INCOME||||||||
|Donations|||1,900|||1,900|201|
|Investment
income|||33,394|||33,394|34,022|
|Other income|||||||663|
|TOTAL INCOME|||35,294|||35,294|34,886|
|EXPENDITURE ON:-||||||||
|Charitable
activities|||39,374|||39,374|34,451|
|TOTAL EXPENDITURE||||||||
||||39,374|||39,374|34,451|
|Gains on investment|assets|||275,000||275,000||
|NET INCOME||||||||
|F~R1ltE YH|||(4,080'I|275,000||270,920|435|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forwanl||212,133|325,000||537,133|536,698|
|Total funds carried forward||13|208,053|600,000||808,053|537,133|
|FIXED .rtSSKTS|FIXED .rtSSKTS||||||
|---|---|---|---|---|---|---|
|lneetnnent
property|||||||
|Ct:RRL&TAggE3 g|||||||
|t)aborts snd
Cssll rn liood|prcpsyrnents
nnd nt trank||o
Ill|lpo3
s&s 'sit|||
|«ttEDK1't3Rgt|Atnonnts|Pslttatt Dse|ll|l9,140|||
|%ttllls ttris Year|||||||
||||||3(iP.A53|332.333|
|WJeted|I'nndr.||||||
|Gestate|||||3tttt,tts t|dtg i33|
|Designated|||||ltdtltfr|32%,ttdo|
|||||||337.l33|
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|||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||Funds|Funds|
|||||||||2023|2022|
||||||||||8|
||||||||Note|||
|Cash flows|from operating||acttvittest|||||||
|Net cash generated
by/(used|||in) operating||activities||15|237,753|(37,945)|
|Adjustments|to cash flows||from|non-cash items||||||
|Revaluation|ofinvestments|||||||(275,000)||
|Net cash (used in) from operating||||activities||||(37,247)|(37,945)|
|Cash tlows|from investing||activities:|||||||
|Investment|income|||||||33,394|34,022|
|Net cash (used in) investing|||activities|||||(3,853)|(3,923)|
|(Decrease)|in cash and cash equivalents|||||||||
|in the period||||||||(3,853)|(3,923)|
|Cash and cash equivalents||at the beginning|||ofthe reporting period|||229,083|233,006|
|Cash and cash equivalents|||at the|end of|the reporting|period||225,230|229,083|
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|2|Investment
i|ncome - unrest|ricted||||||
|---|---|---|---|---|---|---|---|---|
|||||||Year Ended|Year|Ended|
|||||||31.03.23|31.03.22||
||Rent received|||||32,438||34,000|
||Bank interest|||||956||22|
|||||||33,394||34,022|
|3|Expenditure|on charitable|activities - unrestricted||||||
|||||||Year Ended|Year|Ended|
|||||||31.03.23|31.03,22||
|||||||6|||
||Grants awarded to institutions|||||30,800||28,596|
||Support costs|(see note 4)||||8,574||5,855|
|||||||39,374|34,451||
||This comprises|grants made to institutions||as follows:|||||
||||||2023||2022||
||||||No. of|Total|No. of|Total|
||Category||||Grants|Value|Grants|Value|
||Social welfare||||3|30,800|5|28,596|
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|4|Analysis ofgovernance|and support costs —unrestricted|||
|---|---|---|---|---|
||||Year Ended|Year Ended|
||||31.03.23|31.03.22|
||Rent and rates||732|726|
||Insurance||3,004|1,737|
||Professional
fees||2,874|1,485|
||Stationery, postage and|advertising|364|447|
||Course fees and subscriptions||100|100|
||Bank charges and loan interest||360|360|
||independent
Examiner's|fee|1,140|1,000|
||||S,574|5,855|
|5|Net income for the period||||
||||Year Ended|Year Ended|
||||31.03.23|31.03.22|
||Net income forthe period is stated after charging:||||
||Independent
Examiner's|fee|1,140|1,000|
||||1,140|1,000|
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|9|Debtors|||||
|---|---|---|---|---|---|
|||||2023|2022|
||Trade debtors|||438||
||Prepayruents|aud|accrued income|1,525|826|
|||||1,963|826|
|10|Cash and Bank|||||
|||||2023|2022|
||Cash in hand|||9|10|
||Nat West Tauutou,||Current Account|10,000|10,000|
||Nat West Taunton,||Reserve Account|215,221|219,073|
|||||225,230|229,083|
|11|Creditors|||||
|||||2023|2022|
||Trade creditors||||363|
||Accrual for grants||payable|17,900|16,173|
||Other accruals|||1,240|1,240|
|||||19,140|17,776|
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|||||Unrestricted|Unrestricted||Umestricted||Unresrrictcd||
|---|---|---|---|---|---|---|---|---|---|---|
|||||General|Designated|2023|General||Designated|2022|
|||||Fund|Fund|Total|Fund||Fund|Total|
|||||f.|||||||
||Fixed assets||||600,000|600,000|||325,000|325,000|
||Current assets|||227,193||227,193|229,909|||229,909|
||Current liabilities|||(19,140)||(19,140)|(17,776)|||(17,776)|
|||||208,053|600,000|808,053|212,133||325,000|537,133|
|13|Movement|iu|funds||||||||
||||||01.04.22|Income|E~xtnthgttn|~as~le gut)||31.03.23|
||Unrestricted|Funds|||||||||
||General||||212,133|35,294|(39,374)|||208,053|
||Designated||||325,000||||275,000|600,000|
||||||537,133|35,294|(39,374)||275,000|808,053|
||O~td P||d||||||||
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|Movement|in funds (2022 com|parative)||||
|---|---|---|---|---|---|
|||01.04.21|I|E~da|3LD3.2l|
|Unrestricted|Funds|||||
|General||211,698|34,886|(34,451)|212,133|
|Designated||325,000|||325,000|
|||536,698|34,886|(34,451)|537,133|
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|15|Reconcgiation of|net income/(expenditure)|to net cashtlow from operating|activities|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||Net income for the|reporting
period|||270,920|435|
||Adjusnnents
for:||||||
||Investment
income||||(33,394)|(34,022)|
||(increase)/Decrease|in debtors|||(1,137)|386|
||Increase/(Decrease)|in creditors|||1,364|(4,744)|
||Net cash generated|by/(used
in) operating activities|||237,753|(37,945)|