Registered number: 10405820 Charity number: 1173107
CROYDON YOUTH ZONE
(A company limited by guarantee)
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees’ report | 2 -7 |
| Independent auditor’s report on the financial statements | 8 - 12 |
| Statement offinancial activities | 13 |
| Balance sheet | 14-15 |
| Statement ofcash flows | 16 |
| Notes to the financial statements | 17-34 |
| Trustees | K Morley, Chair (appointed 12 December 2022) |
|---|---|
| OAdekoya | |
| M Byrne | |
| C Chizea | |
| S Davies | |
| M Lewis | |
| D Dunlop (resigned 20 February2023) | |
| D Morris (resigned 12 December2022) | |
| R Patel (resigned 17 April 2022) | |
| B Ahmed (resigned 17Apr11 2023) | |
| T Evans (resigned 24 March 2023) | |
| N Sleep (resigned 11 October2022) | |
| J Trayfoot (appointed 6 June 2023) | |
| I Chatwal (appointed 17 April 2023) | |
| Company registered | |
| number | 10405820 |
| Charity registered | |
| number | 1173107 |
| Registered office | Legacy Youth Zone |
| 125 Whitehorse Road | |
| Croydon | |
| CR0 2LG | |
| Chiefexecutive officer | B Shelbourne (resigned 01 September 2023) |
| Gavin Evans (appointed 04 September2023) |
CROYDON YOUTH ZONE
(A company limited by guarantee)
TRUSTE S' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
performed.
Young people took part in various external activities including Boxpark's got talent, Christmas market at Stanley Halls, various football tournaments. We had visits from celebrities who gave up their time to meet our members.
Legacy Youth Zone continues to enjoy the support of OnSide Youth Zones (charity number 1125893) and works in partnership with the network of Youth Zones across the country.
6 Investment Activities Under the Memorandum r1nl'I Artir.I1'1� nf A:a;i-nr.iFt inn, thP r.h;:uitFthlP r.nmp;,iny hi:1� thP pnwPr tn malre any investment which the Trustees see fit. Investments are made where required to further the aims and objects of the Charity. Currently, the Charity does not hold any investments other than cash on deposit with Handelsbanken pie.
7 Financial review
A summary of the results is shown below:
2023 2022 £ £ Incoming resources 1, 120,544 2,164,534 Outgoing resources (1,978,579} (1,952,123) Net incoming/(outgoing) resources (858,035) 212,411
The Youth Zone remains in a sustainable financial position at the end of 31 March 2023. Reserves have purposely been reduced during the year, prioritising the needs of Croydon's young people. Reserves remain at 6 months in line with our policy,
8 Reserves Policy
The Board of Trustees of Legacy Youth Zone has established a reserves policy which appropriately reflects the risks to which the Charity is exposed.
In reviewing the potential costs that could arise should a significant reduction in income be incurred, the Trustees have determined that it is appropriate for unrestricted, 'free', reserves to be maintained at a minimum of 6 months. Legacy will not contlnue to set aside further funding in a designated fund specifically for major building · . repairs and will be incorporated as 'free reserves
At 31st March 2023 the Charity has accumulated unrestricted, 'free'. reserves of £1,073,377; this provides cover equivalent to 6 months of operating costs. The Trustees actively manage Legacy Youth Zone's finances so that an adequate level of reserves is maintained in compliance with the reserves policy. The reserves policy does not consider expenditure which is linked to restricted projects and therefore covered by restricted funds.
The Charity wiN review regularly both the sum it wishes to hold in reserves in unrestricted funds and the basis for that figure.
9 Going Concern
Trustees continued to assess the Youth Zone's ability to continue to operate into 2023/24 as a going concern. Trustees' have continued to be overwhelmed and extremely thankful for the generosity of Legacy's supporters who have been committed to fulfilling their pledges and to supporting the lives of young people in Croydon.
The Management Accounts are reviewed at Board meetings and reviewed regularly by the Treasurer, Chair and CEO. This ensures that going concerns are regularly reviewed and any issues identified and planned for in a timely manner.
Pages
CROYDON YOUTH ZONE
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
have continued to be supported by UFC for our MMA mentoring work, which works with young people at risk of being drawn into unfavourable activities. Legacy have been able to continue to gain support through Jack Petchey to recognise young people for their positive contributions and development as a result of attending Legacy. Sony Music's support enabled us to develop young performers which culminated in a performance at the Sony Music head office alongside Future and Unitas Youth Zones. and did not disappoint in regards to the level of ability demonstrated by all the young people involved.
11 Statement of Trustees' responslbllltles Trustees' responsibilities in relation to the financial statements
The Trustees (who are also the Directors of Croydon Youth Zone for the purpose of company law) are responsible for preparing the Trustees Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees of Legacy Youth Zone believe they have complied with their duty (set out in section 17 of the Charities Act 2011) to have due regard to the publfc benefit guidance published by the Charity Commission. Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affair of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements the Trustees are required to:
- Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP; Make judgements and estimates that are reasonable and prudent; State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is appropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence laking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees confirm that so far as they are aware, there is no relevant audit information of which the charity's auditors are unaware. The Trustees have taken all of the steps that they ought to have taken as Trustees in order to make themselves aware of the relevant audit information and to establish that the charity's auditors are aware of that information.
The financial statements comply with current statutory requirements, the company's Memorandum and Articles or Association and the Charities SORP.
Statement as to disclosure to our auditors
In accordance with section 489 of the Companies Act 2006, a resolution to appoint Crowe U.K. LLP will be proposed at the Annual General Meeting,
Approved by order of the members of the board of Trustees and signed on their behalf by: 12th December 2023 K Morley
Page?
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Note | £ | £ | £ | £ | |
| Income from; | |||||
| Donations and legacies | 4 | 169,722 | 668,523 | 338,245 | 2023959 |
| Charitable activities | 5 | 38,583 | 214,014 | 252,597 | 124768 |
| Investments | 6 | - | 529 | 529 | 759 |
| Other income | 7 | 13,037 | 16,136 | 29,173 | 15.049 |
| Total income | 221,342 | 899,202 | 1,120,544 | 2,164,535 | |
| Expenditure on: | |||||
| Charitable activities | 8 | 563,191 | 1,415,388 | 1,978,579 | 1,952,123 |
| Total expenditure | 563,191 | 1,415,388 | 1,978,579 | 1,952,123 | |
| Net movement in funds | (341,849) | (516,186) | (858,035) | 212,412 | |
| Reconciliation offunds: | |||||
| Total funds brought forward | 6,265,141 | 1,589,563 | 7,854,704 | 7,642.292 | |
| Net movement in funds | (341,849) | (516,186) | (858,035) | 212,412 | |
| Total funds carried forward | 5,923,292 | 1,073,377 | 6,996,669 | 7.854.704 |
CROYDON YOUTH ZONE (A company limited by guarantee) REGISTERED NUMBER: 10405820
BALANCE SHEET AS AT 31 MARCH 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 13 | 6,091,563 | 6,201,319 | ||
| 6,091,563 | 6,201,319 | ||||
| Current assets | |||||
| Debtors | 14 | 29,385 | 83,772 | ||
| Cash at bank and in hand | 1,046,775 | 1,730,845 | |||
| 1,076,160 | 1,814,617 | ||||
| Creditors: amounts fatllng due within one | |||||
| year | 15 | (171,054) | (161,232) | ||
| Net current assets | 905,106 | 1,653,385 | |||
| Total assets less current liabilities | 6,996,669 | 7,854,704 | |||
| Net assets excluding pension asset | 6,996,669 | 7,854,704 | |||
| Total net assets | 6,996,669 | 7,854,704 | |||
| Charity funds | |||||
| Restricted funds: | |||||
| Restricted funds excluding pension liability/ | |||||
| asset | 17 | 5,862,004 | 6,265.141 | ||
| Pension resere | 17 | 61,288 | |||
| Total restricted funds | 17 | 5,923,292 | 6,265,141 | ||
| Unrestricted funds | 17 | 1,073,377 | 1,589,563 | ||
| Total funds | 6,996,669 | 7,854,704 |
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 12th December 2023 and signed on their behalf by:
Page 14
CROYDON YOUTH ZONE (A company limited by guarantee) REGISTERED NUMBER: 10405820
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023
K Morley
The notes on pages 17 to 34 form part of these financial statements.
Page 15
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Grants, Trusts & Foundations | 127,193 | 6,400 | 133,593 |
| Local Authority | 5,000 | 11,131 | 16,131 |
| Founder Patrons | 27,196 | 525,206 | 552,402 |
| Corporate Donations | 10,000 | 34,622 | 44,622 |
| Community Donations | 333 | 34,307 | 34,640 |
| Other Patrons | - | 49,623 | 49,823 |
| Digital Donations | - | 7034 | 7,034 |
| Subtotal detailed disclosure | 169,722 | 666,523 | 838,245 |
| 169,722 | 668,523 | 838,245 |
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Grants. Trusts & Foundations | 476,100 | 55,505 | 531,605 |
| Local Authority | 24,963 | 250.000 | 274,963 |
| Founder Patrons | - | 1.139.259 | 1.139,259 |
| Corporate Donations | - | 26.044 | 26,044 |
| Community Donations | - | 18,026 | 18,026 |
| Other Patrons | - | 8,000 | 8,000 |
| Digital Donations | 2000 | 24,062 | 26,062 |
| Subtotal detailed disclosure | 503,063 | 1,520,896 | 2,023,959 |
| 503,063 | 1,520,896 | 2.023,959 |
| Restricted | Unrestricted | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||||
| 2023 | 2023 | 2023 | ||||||||
| £ | £ | £ | ||||||||
| Income | from | charitable | activities | - | Operation | ofYouth | Zone | 38,583 | 214,014 | 252,597 |
| Unrestricted | Total | |||||||||
| funds | funds | |||||||||
| 2022 | 2022 | |||||||||
| £ | £ | |||||||||
| Income | from | charitable | activities | - | Operation | ofYouth | Zone | 124,768 | 124,768 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2023 | ||
| £ | £ | ||
| Investment | income | 529 | 529 |
| Unrestricted | Total | ||
| funds | funds | ||
| 2022 | 2022 | ||
| £ | £ | ||
| Investment | income | 759 |
| Restricted | Unrestricted | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||||
| 2023 | 2023 | 2023 | |||||||
| £ | £ | £ | |||||||
| Other | Income | 13037 | 16136 | 29,173 | |||||
| Unrestricted | Total | ||||||||
| funds | funds | ||||||||
| 2022 | 2022 | ||||||||
| £ | £ | ||||||||
| Other | Income | - | including | COVID | related | income | 15,049 | 15,049 |
| Restricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | Total | ||||
| 2023 | 2023 | 2023 | ||||
| £ | £ | £ | ||||
| Operation | of | Youth | Zone | 563,191 | 1,415,388 | 1,978,579 |
| Restricted | Unrestricted | |||||
| funds | funds | Total | ||||
| 2022 | 2022 | 2022 | ||||
| £ | £ | £ | ||||
| Operation | of | Youth | Zone | 597.849 | 1,354.274 | 1,952,123 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Support | Total | ||||
| directly | costs | funds | ||||
| 2023 | 2023 | 2023 | ||||
| £ | £ | £ | ||||
| Operation | of | Youth | Zone | 1,327,983 | 650,596 | 1,978,579 |
| Activities | ||||||
| undertaken | Support | Total | ||||
| directly | costs | funds | ||||
| 2022 | 2022 | 2022 | ||||
| £ | £ | £ | ||||
| Operation | of | Youth | Zone | 1,366.237 | 585,886 | 1,952,123 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Company’s auditor for the audit of the Company’s | ||
| annual accounts | 7,225 | 6,000 |
| Fees payable to the Company’s auditor in respect of: | ||
| All non-audit services not included above | 1,200 | 1,000 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 1,157,655 | 1,131,616 |
| Social security costs | 70,860 | 69,886 |
| Contribution to defined contribution pension schemes | 16,873 | 16,889 |
| 1,245,388 | 1,218,391 |
| 2023 | 2022 |
|---|---|
| No. | No. |
| 92 | 90 |
| Leasehold | Motor | Fixtures and | Computer | ||
|---|---|---|---|---|---|
| property | vehicles | fittings | equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost or valuation | |||||
| At 1 April 2Q22 | 6,296,098 | 16,430 | 358,966 | 91,224 | 6,762,718 |
| Additions | 64,046 | - | 4,336 | 4,281 | 72,663 |
| At 31 March 2023 | 6,360,144 | 16,430 | 363,302 | 95,505 | 6,835,381 |
| Depreciation | |||||
| At 1 April 2Q22 | 322,545 | 2,126 | 169,845 | 66,883 | 561,399 |
| Charge for the year | 126,560 | 3,288 | 43,363 | 9,208 | 182,419 |
| At 31 March 2023 | 449,105 | 5,414 | 213,208 | 76,091 | 743,818 |
| Net book value | |||||
| At 31 March 2023 | 5,911,039 | 11,016 | 150,094 | 19,414 | 6,091,563 |
| At31 March2022 | 5973.553 | 14,304 | 189,121 | 24:341 | 6.201319 |
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors | 23,969 | 78,356 | |
| Other debtors | 5,136 | 5136 | |
| Prepayments and accrued income | 280 | 280 | |
| 29,385 | 83.772 | ||
| 15. | Creditors: Amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade creditors | 38,947 | 33,714 | |
| Other taxation and social security | 26,795 | 30,180 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other creditors | 70,312 | 83,785 |
| Accruals and deterred income | 35,000 | 13,553 |
| 171,054 | 161,232 |
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Financial | assets | ||
| Financial | assets measured at amortised cost | 1,075,880 | 1,814,337 |
| 2023 | 2022 | ||
| £ | £ | ||
| Financial | liabilities | ||
| Financial | liabilities measured at amortised cost | 144,259 | 131,052 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at I | Transfers | 31 March | |||
| April 2022 | Income | Expenditure | inlout | 2023 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| Designated funds | |||||
| Major Works & Repair | 200,000 | - | - | (200,000) | - |
| General funds | |||||
| General Funds - all funds |
1,389,563 | 899,202 | (1,415,388) | 200,000 | 1,073,377 |
| Total Unrestricted funds | 1,589,563 | 899,202 | (1,415,388) | - | 1,073,377 |
| Restricted funds | |||||
| Fixed Assets | 5,962,293 | - | (182,419) | - | 5,779,874 |
| Sensory Room Equipment | |||||
| (various funders) | 12,383 | - | - | - | 12,383 |
| Jack Petchey Internship | |||||
| Programme | 5,540 | 333 | (5,540) | - | 333 |
| Jack Petchey Achievement | |||||
| Awards | 3,203 | 9,900 | (6,354) | - | 6,749 |
| Big Local Green | 18,915 | - | (5,603) | - | 13,312 |
| Anonymous - Laptop | |||||
| Computers | 711 | - | - | - | 711 |
| Young Londoners Fund | 21,921 | 23,225 | (34,207) | - | 10,939 |
| Babyzone | 49,933 | - | (49,724) | - | 209 |
| Jack Petchey COVID | 1,815 | - | - | - | 1,815 |
| Anonymous - Fundraising | |||||
| Initiative | 116,151 | - | (114,057) | - | 2,094 |
| UFC Project | (1,518) | 5,505 | (7,119) | - | (3,132) |
| Kick Start | 11,851 | 15,432 | (15,432) | - | 11,851 |
| HAF Programme Holiday Club | 24,963 | 22,586 | (22,600) | - | 24,949 |
| Sony Music | 36,440 | - | (27,738) | - | 8,702 |
| Champions Children Campaign | |||||
| Mentoring | 1,040 | - | (1,264) | - | (224) |
| Viridor Beddington Community | |||||
| Benefit | (500) | - | (4,500) | - | (5,000) |
| Culture of Health | - | 20,775 | (13,911) | - | 6,864 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | I | Transfers | 31 March | ||||
| April | 2022 | Income | Expenditure | iniout | 2023 | ||
| £ | £ | £ | £ | £ | |||
| Prudence Trust | - | 11,891 | (15,617) | - | (3,726) | ||
| Burberry | - | 5,000 | (5,865) | - | (865) | ||
| Reedham Children’s Trust | - | 34,391 | (40,225) | - | (5,834) | ||
| Other restricted funds | - | 72,304 | (11,016) | - | 61,288 | ||
| 6,265,141 | 221,342 | (563,191) | - | 5,923,292 | |||
| Other restricted funds is made | up ofthe following: | ||||||
| Jubilee Event Funding | - | - | (694) | - | (694) | ||
| Sensory Garden | - | - | (540) | - | (540) | ||
| Croydon Asylum Seeker | - | 5,000 | - | - | 5,000 | ||
| CCHA - Holiday Club |
- | 20,000 | (1,472) | - | 18,528 | ||
| Winter Holiday Hunger 22/23 | - | 29,034 | - | - | 29,034 | ||
| British Wheelchair | - | 9,960 | - | - | 9,960 | ||
| L&Q | - | 8,310 | (8,310) | - | - | ||
| Subtotal | - | 72,304 | (11,016) | - | 61,288 | ||
| Total offunds | 7,854,704 | 1,120,544 | (1,978,579) | - | 6,996,669 |
| Statement ofunds - priorye |
ar | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | Transfers | 31 March | |||
| I April 2021 | Income | Expenditure | in/out | 2022 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| Designated funds | |||||
| MajorWorks& Repair | 100.000 | - | - | 100,000 | 200,000 |
| General funds | |||||
| General Funds-all funds | 1,194,216 | 1,661,472 | (1,354,274) | (111,851) | 1,389,563 |
| Total Unrestricted funds | 1,294,216 | 1,661,472 | (1,354,274) | (11,851) | 1,589,563 |
| Restricted funds | |||||
| Fixed Assets | 6,190,348 | - | (228,055) | - | 5.962,293 |
| Sensory Room Equipment | |||||
| (various funders) | 13,339 | - | (956) | - | 12,383 |
| Jack Petchey Internship | |||||
| Programme | - | 29,142 | (23,602) | - | 5,540 |
| Jack Petchey Achievement | |||||
| Awards | 2,490 | 5,249 | (4,536) | - | 3,203 |
| Big Local Green | 20,544 | - | (1,629) | - | 18,9l5 |
| Anonymous - Laptop | |||||
| Computers | 1,155 | - | (444) | - | 711 |
| Young Londoners Fund | 18,070 | 37,161 | (33,762) | 452 | 21,921 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance | at | Transfers | 31 March | |||
| I April 2021 | Income | Expenditure | in/out | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Babyzone | 6,227 | 100,000 | (56,294) | - | 49,933 | |
| Jack Petchey COVID | 4.992 | 14,974 | (18,151) | - | 1,815 | |
| Anonymous - Fundraising | ||||||
| Initiative | 85336 | 150,000 | (119,185) | - | 116,151 | |
| UFC Project | - | - | (1,518) | - | (1,518) | |
| KickStart | - | 11,851 | - | - | 11,851 | |
| HAF Programme Holiday Club | - | 24,963 | - | - | 24,963 | |
| Sony Music | - | 100,000 | (63,560) | - | 36,440 | |
| Champions Children Campaign | ||||||
| Mentoring | - | 2000 | (960 | - | 1,040 | |
| Viridor Beddington Community | ||||||
| Benefit | - | - | (500) | - | (500) | |
| Table Tennis England | 575 | - | (575) | - | - | |
| Queens Commonwealth Fund | 5.000 | - | (5.000) | - | - | |
| Prudence Trust | - | 3,325 | (5,095) | 1,770 | - | |
| Culture of Health | - | 7, 776 | (8.640) | 864 | - | |
| L&Q | - | 16,622 | (25,387) | 8,765 | - | |
| 6,348,076 | 503,063 | (597,849) | 11,851 | 6,265,141 | ||
| Total offunds | 7,642.292 | 2164,535 | (1,952.123) | - | 7,854.704 |
| Summary of funds - cur | rent year | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at I | Transfers | 31 March | |||
| April 2022 | Income | Expenditure | in/out | 2023 | |
| £ | £ | £ | £ | £ | |
| Designated funds | 200,000 | - | - | (200,000) | - |
| General funds | 1,389,563 | 899,202 | (1,415,388) | 200,000 | 1,073,377 |
| Restricted funds | 6,265,141 | 221,342 | (563,191) | - | 5,923,292 |
| 7,854,704 | 1,120,544 | (1,978.579) | - | 6,996,669 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | Transfers | 31 March | |||
| 1 April 2021 | Income | Expenditure | in/out | 2022 | |
| £ | £ | £ | £ | £ | |
| Designated funds | 100,000 | - | - | 100,000 | 200,000 |
| General funds | 1,194,216 | 1,661,472 | (1,354,274) | (111,851) | 1,389,563 |
| Restricted funds | 6,348,076 | 503,063 | (597,849) | 11,851 | 6,265.141 |
| 7,642,292 | 2,164,535 | (1,952,123) | - | 7,854,704 |
| Analysis of net assets between funds - curr | ent year | ||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 6,091,563 | - | 6,091,563 |
| Current assets | - | 1,076,160 | 1,076,160 |
| Creditors due within one year | (168271) | (2,783) | (171,054) |
| Total | 5,923,292 | 1,073,377 | 6,996,669 |
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 6,201,319 | - | 6.201,319 |
| Current assets | 63,822 | 1,750,795 | 1,814,617 |
| Creditors due within one year | - | (161,232) | (161,232) |
| Ttl | 6,265,141 | 1,589,563 | 7,854,704 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Net income/expenditure |
for the year (as | per Statement | of | Financial | ||
| Activities) | (858,035) | 212,412 | ||||
| Adjustments for: | ||||||
| Depreciation charges | 182,419 | 222987 | ||||
| Dividends, interests and | rents from investments | (529) | (759) | |||
| Decrease/Qncrease) in debtors | 54,387 | (62,377) | ||||
| Increase in creditors | 9,822 | 7,271 | ||||
| Net cash provided byl(used in) operating activities | (611,936) | 379,534 |
| 21. | Analysis of cash and cash equivalents | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Cash in hand | 1,046,775 | 1,730,845 | |
| Total cash and cash equivalents | 1,046,775 | 1,730,845 |