CHARITYREGISTRATION NUMBER 1173786 COMPANYREGISTRATIONNUMBER 10237866 AUDACIOUS FOUNDATION IINAUDITED FINANCIAL STATEMENTS FOR THE YEARENDED 31 MARCH 2024 Hackeryoung (hartered Accountsnts
AUDACIOUS FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr SAK¢ir MT M J Foster Mr M Sts¢l¢ Secretary Mr D K ShaTpe Cbarlty number 1173786 Company number 10237866 Reglstered offl¢e Unit 6 Trinity Way Manchester M3 7BB Independellt examiller M Mealing Bsc FCCA UHY Hker Young 6 Broadfield C4)urt Broadfield Way Sheffield S8 OXF Bankers Lloyds Bank p Market Str¢¢t Manchester Ml IPW Soll¢ttor8 Geldards Number One Prid¢ P Prid¢ Park Derby DE24 8QR
AUDACIOUS FOUNDATION CONTENTS Statement of financial activities Balawe sheet Note810 the financial statements 7-17
AUDACIOUS FOUNDATION TRUSTEESI REPORT (INCLUDING DIRECTORSI REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and fitiancial ststements for the year ended 31 Maffh 2024. The financial statements have been prepar¢d in a¢cordance with the accounting poli¢i¢8 set out in note I to the financial stat¢m¢nts and comply with the tharity's Monorandum and Articles of Associatio th¢ Companie8 Act 2006 and "Accounting and Reporting by Charities: Statcment of Recornmmd¢d Practice applicable to ch8rities preparing their accounts in accordAnce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).. ObJertive8 and activiti Objective In accordance with the Governing Documen( Ibe chArAtable objects of Audacious Foundation are: l. To relieve the dwitable of n¢eds of people who ar¢ in ned by r¢a8on of their Yout age. ill healt disability, financial hardship, social or economic circumthexs, in such ways as the tntee$ SI1 from tim¢ to tim¢ tbink fil ]lUdItig (but nol by way of limitation) through th¢ proYi8ion of advice, informatioffj education and training, services, Mediatio cOWellIng and support. 2. To advanc¢ UCation through th¢ Provision of m¢ntoTh to go into s0] and h¢lp ¢bildren WAth their studi¢s and providing En8li$h l¢ssons to r¢fug¢¢$ and asylum s¢¢kers. 3. The relief of povety by the provision of support and assistance to homeless people. 4. The advancement of education, the Telief of povety, hardship, sickness and distreBs of children between 8- 1 I livin8 in greater Manchester by the provisAon of a d]ildrell's' bome. 5. To furdLer such chaTitable purpo8es (charitable under English law) a8 the tThtee$ 8ee fit from time to Audacious Foundation 8hall be non.paty in politics and non-sectarAan in religion and Shall owate an equal opporturrities po]icy. In preparing this Teport we have cornplied with the duty in section 4 of thc Charities Act 2006 to have due regard to public benefit guidance published by tbe UK Clwity CommissioL We bave sought to dellMltrate that the ¢lty pnlvides identifiable benefits which relate directly to its aims as Statsl in its Govttning Docum¢nt and which outw¢igb 8ny pot¢ntial d¢triment or hrn. Furtber, th¢ benefits are publi¢ly available to all and are not in any way r¢stiicted to those abl¢ to pay. Any private benefits to Tn]stees of the charity are incidental. Audacious Foundation created to serve the Communiti of Greatsr Manchester, addressing issues of disadv*. hardship and povety. Thc vision of Audacious Foundation is to sc¢ communities transfornicd and individuab thrive in every se&8on of life. Wkillg with people of all ages who face disadvantsg¢. hardship. povcty or exclusio the mission of the Foundation is to build better future8 and positively infiuence the of a stronger society. To acbieve this the Foundation i8 coll]mitt¢d to Pvid]ng practi¢aL relational aDd iDfiuential pmjects that are designed to address I21 issues, demon8trat¢ U8ef•¢¢ntred Service and deliver Measule outwm¢s that champion the core values of the organisatio The trustees have pd regard to guidance issued by the Charity Cottunission in thiding what activities the ¢lwity should undertake.
AUDACIOUS FOtJNDATION TRUSTEESI REPORT (ThCLUDING DIRECTORSI REPORD (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and perforniance tn the reporting year 2023124, Audacious Foundation delivered the following a¢tiviti¢8: . Education: School of Language, Re-work schane, MiDi-Heroes parent support group . Supwt: AudaciouB Cares Homelessness.. A-Teatns, Audacious Home Housing Project • Poverty: The Big Give, The Loullge, conllnunity cafe . Healthcare: Stop Holiday Hunger, Healthy Schools Pro . Refvg¢¢s: Lovc Ukraine The results for the year ended 31 March 2024 show a surplus for the year of £19,967 (2023: £15,441). Incoming resources for the period were £236.665 (2023: £232,205) and r¢souT¢¢S exp¢nd¢d were £216,698 (2023: £216,764). Fund balances at 31 March 2024 were £116,063 (2023: £96,096) of which £8,501 (2023: £11,442) were restricted and £107,562 (2023: £84,654) We UDrestricte(L All of the unrestricted reserves were freely available. It is the poli¢y of th¢ ¢ompany that unr¢slri¢ted fimds which have not been designated for a specific use should be maintsined at a lev¢1 ¢quivalent to b¢lw¢¢n thr¢e- and six-month8' exp¢nditurc. The trustees consider that Teseryes at tbis level will ensure thaL in the event of a 8ignificaTLt drop in income, they will be able ¢0 continue the Company's current activities wbilst consideration is given to ways in which additional fimds may be raised The trustees are continuing to address the reserve levels and are working to incre both ill¢on alld net profit in the future. The trustees have assessed the lljOr risks to which th¢ ¢harAty 18 ¢XPO%(t and 8r¢ satisfied that systems aT¢ in place to mitigate exposu to the major risks. Plang for the future W¢ hav¢ many exciting plans, to fier advan¢¢ our clMritabl¢ obie¢tive8; with a team of people looking at addressing the needs of our wmmunity and making a difference in peopl¢'s Jives. Our aim is to ¢ontinu¢ to &liver well on all the current projects as m¢ntion¢d abov¢ and se¢ long t¢rni sustainability for them. whilst also expanding our level of reach so that many more pwle can be hel
AUDACIOUS FOtJNDATION TRUSTEES, REPORT (INCLUDING DIRECTORSI REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structhry governance Rnd management The ¢knity 15 a company? in0[at on 17 Jua¢ 2016, whith is limited by guaTantee and was registered as a charity on 12 July 2017. The trustees. who are also the directors for the PU of company law. and who served during the year and up to thc date of si8nature of the financial statements were: MrSAK¢ir Mr M J Foster Mr M St¢el¢ When a new tnte¢ is required the appoint tru8ts¢8 d¢¢ide who 18 Suitable and ask them rfthey are prepar to become a tnJ8t¢¢. If so, th¢y are giv¢n a d0cwt outlining the roles and T¢sponsibilities of a trustee and asked to accept in writing. Upon T¢1pt of this l¢tt¢r a r¢ply is sent to them confirn)thg their appointinent. None of the trustees has any beneficial interest in the company. All of the tsustses are of the company and guarantee to contribute £1 in the event of a winding up. The Tru8tses meet four times a year and are responsibl¢ for th¢ app0in1JJt of staff and Setting the financial budgets, which are at the start of each year and budget holders can authorisc expenditure within their budget allowan¢e. Any expenditwe whi¢h will eXcd budget must go to a trustee for approval. BCts ar¢ wiew¢d and r¢vi8¢d on a TegulaT basis. Th¢ tn, rt was approved by the Board of TnLqtees. tee Datsd. 19 December 2024
Hackeryoung (hartwedAccoLmtsnts 6 Broadfield Court Broadfield Way Sheffield S8 OXF INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES OFAUDACIOUS FOUM)ATION 1 Teport to th¢ truste¢8 on my eXamItion of th¢ financial 8tat¢ments of Audacious Foundation (the charity) for the year ended 31 March 2024. Ruponslbfjlldes and bath of report As the trustees of the Chlty (and also its directors for the puoseS of company law) you are responsible for the prepalon of the fAnancial Statements in accordance with the reqUireMts of the CompaDi¢s Act 2006 (the 21)06Act). Having satisfied myself that the financial statements of th¢ charity are not r¢quir¢d to b¢ audited under Part 16 of the 2006 Act and are eligible for ind¢p¢nd¢nt examitio I report in r¢spKt of my examIOn of the cbarAty's fmancial statements carried out under section 145 of the CharAties A¢t 2011 (the 2011 Act). In cawing out my examinatÉon I have followed all the applicable Directions given by the Cbarity Commi88lOD under section 145(5Xb) of the 2011 Act. Independent examiller'8 8tatement I have completed my examination. I fA)nfirni that no matter8 have come to my attention in connection wlth th¢ examition giving m¢ ¢aus¢ to beli¢Y¢ that in any material respect: accounting records were not kept in respect of the ¢harity as r¢qwTed by 8¢¢tion 386 of the 2006 Act" or the fjnancial statements do not accord with those records. or 3 the fmancial ststements do not comply with the atill8 requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter ¢on8idered as part of an independent eMrnillati or th¢ financial statements have not beffl prepared in accordance with the methods and priD¢ipl¢s of th¢ Stat¢matt of R¢commended Practice for accounting and reporting by Clwities applicable to chaTiti&8 preparing their a¢¢ounts in 8rdance with the Financial RertIng Standard appticable in the UK and Republic of Ireland (FRS 102). I have no ¢on¢erns and have come across no other Matte in connection with the eXaMitiOn to which attention Should be drawn in tbi5 Teport in order to enable a proper understanding of the financial ststements to b¢ rwhe M Meallng Bsc FCCA UHY Hadter Young Chartered Accountants Dated: 19 De¢ember 2024
AUDACIOUS FOUNDATION STATEMENT OF FINANCIALACTIVITIES INCLUDING ll¥COME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Tot 2024 Total 2023 No Ineome And endoivments from. Donations and gifts Chitable activities Investments 156,969 40,997 676 11,704 26.319 183288 114,359 63,675 87 2.926 2,758 48,400 117,117 112,075 87 2,926 676 11.704 Total Income 210,346 26,319 236,665 181,047 51.158 232,205 ndlture on: Raising funds 216 216 216 216 Chatitable activitie8 195,906 20J76 216,482 168,741 47,807 216,548 ended 196,122 20,576 216,698 168,957 47,807 216.764 Net In¢omlng resourcu before 14224 5,743 19,967 11090 3,351 15.441 8,684 (8.684) 3.625 (3,625) Net Ineomel(expendlture) for the y¢arl Net movenwnt In funds 22,908 (1941) 19.967 15.715 (274) 15,441 Fund balances at I ApTAI 2023 84,654 11,442 68,939 11,716 80,655 Fund bal•nces at 31 March 2024 107,562 8,501 116,063 84,654 11.442 96,096 The StateMt of finan¢ial adivitses in¢lud¢8 all gains and1088e8 re¢ogDised in the year. The statemcnt of financial activiti¢s also complies with the requirements for an income and cxpendilure acmt ulld¢r the Companies Act 2006.
AtJDACIOUS FOUNDATION BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note% Current asgets Debtors Cash at bank and in hand 13 69,918 56,855 66,049 38,806 126.773 104,855 Creditor8: xmounts falling due withill one year 14 (10.710) (8,759) Net current assets 116,063 96,096 Ineome fund8 R¢stri¢t¢d funds UnrestTiCt&l fimds 15 8501 107,562 11,442 84,654 116.063 The IllY is entitled to the ¢xemption from the audit requirernfflt colltailled in Bection 477 of the compani Art 2006, for the year ended 31 March 2024. The ¢thTectors a¢knowlcdg¢ their r¢sponsibi]ities for CODwlying with the requirements of the Companies Act 2006 with respect to a¢counting records and the pryarati of fjnancial statcmcnts. Tr members bav¢ not required the company to obtain an audit of its financial statements for th¢ y¢ar in qu¢stion in aCrdanCe with section 476. These financial Statements have been prepared in a¢corkn with the provi8i0DS applicable to MpanI subject to the small companies regime. The financial ents were approved by th¢ Trustee8 on 19 Dcc¢llth¢r 2024 A Keir stee Company registration number 10237866
AUDACIOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 MARCH 2024 Ac¢ounthig pollcles Charlty Informadon Auda¢ious Foundation is a private company limitsd by guarantee incorporated ill England and Wal. The registered offi¢¢ is Unit 6, D¢va C¢ntr¢, Trinity Wayg Manchester, M3 7BB. 1.1 Accounting conventlon The fJnan¢ial statem¢nts hav¢ been prepared in a¢cordan¢e with the charity's Memorandum and Articles of Associatio the Companies Act 2006 and "A¢counting and Reptillg by Charities.. Ststement of ReconllDended Practice applicable to charitie8 prepari their ac¢ounts in accordance with the Financial Reporting Standard appli¢abl¢ in th¢ UK and R¢public of tr¢land (FRS 102) (effective l January 2019).. The charAty 18 a Public Benefit Entity Bs defmed by FRS 102. The ¢lwity Iw taken advantage of the pmvisions in the SORP for ¢haTiti¢s applying FRS 102 Update BulleAAn I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional cuw of the charity. Monetary amounts in these financial Statern ar¢ round¢d to the near¢8t £. The financial statements have been pryared under the historical ¢o$t ¢onv¢ntioTh The prAncipal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statementy the trust¢es have a reasonable expectation that th¢ charity has adequate resources to continu¢ in op¢rational ¢xist¢n¢¢ for tb¢ foTese¢able futLre. Thus the trnstses rA)ntinue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are availabk for use at the discretion of the tsustees in fllrthe of their charitable obj¢ctiv¢s. Restricted funds are subject to specific conditions by donor8 &8 to how they may be used. The purposes and uses of the restricted funds are set out in th¢ notes to the fllwi¢ial 8tatcm¢nts. 1.4 Income Income is recognised when the ¢lwity is legally entitl¢d to it after any perfornwLce ¢onditions have been m¢ th¢ anUnts Gan b¢ measured reliably, and it is probable that Incon will be receiv Cash doltionS are recognised on receipL Otber donations are recognised once the oharity has been notified of the donatio unless perfornwice conditions require d¢f¢rral of th¢ amounL Jncome tsx r¢wvernble in relation to donations received under Gift Aid or deeds of covenant is T¢¢ognised at the time of the donation. l%gacies are TecogDised on Teceipt or oth¢rwis¢ if the ¢haTAty has becn notificd of an impendin8 dis1ntio the amount is kllown, and receipt is expects& If the amount is not know the legacy tre8t¢d as a Contingent asset.
AUDACIOUS FOIJNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTllYUED) FOR THE YEAR ENDED 31 MARCH 2024 AecoDnthig polides (Continued) Grnits are recogni8ed in full in the Statement of Financial Activities in the year in which they are receivable. 1.5 Expendlture ExpcnditUTC 15 recoglliscd onc¢ th¢ is a Icgal or COD5tructive obligation to trall5f economic benefit to a third paty. it is probable that a transfer of economi¢ benefits will be required in scttlemenL and the amount of the ob]igation can be measured reliabty. EXnditUre is classified by activity. The costs of each activity are made up of the total of d1ct costs and sbared costs. including support costs involved in Undert each activity. Direct costs attrjutab]c to a single activity are allocated directly to that activity. Shared costs which contribute to morc than one activity and costs which are not attlltable to a single activity are apportioned betsveen those activitie8 on a basis consistent with the use of resource5. Central staff costs are allocated on the basis of time spenL and depreciation charges are allocated on tbe portion of the asset's use. Resow¢e8 expended are recognised ID the period in wbich they are inCu¢d and includ¢ irr¢coveTable VAT. Resources expended are allocated to ldIng5 All tbe statement of financial activities b&8ed on the actual purpose of the expellditure. No apportionme have taken place. Gov¢rnan¢¢ costs repr¢s¢nt costs of managing and adminiskng the ¢lJaritable company as a gta vehicle. 1.6 Cash and cash equlvalents Cash and cash equivalents includ¢ cash in han4 deposits held at call with banks, other short-terni liquid inveslments with orA8inal maturities of three months or 1¢88, and bank ov¢rdrafts. Bank Ove are shown within born)wings in current liabilities. 1.7 Thndal Instruments The charlty has el¢¢ted to apply the provisioJJ8 of Section 11 'Ba8i¢ Financial Instnllnents, and Section 12 '0ther Financial In8tniments Issu, of FRS 102 to all of its fllwicial in8trum¢nts. Financial ins1nents are recognised in the charitys balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offseL with the net amounts present in the fiuancial statemen when there is a legally ¢nforc¢abl¢ right to s¢t off thc Tccogniscd amounts and 18 an intention to settle on a net basis or to realise the asset and settte the liability simultaneously. aslc Ilnanclal assots Basic fmancial assets, which include debtors and (*sh and bank balanc, are initially measured at transaction price including transaction costs and are subsequently carried at atnortis¢d cost using the effective interest method unless the arrangement constitutes a financing transaction. Whe the transaction is measured at th¢ pr¢$ent valu¢ of the firtur¢ reIpts dis¢ount¢d at 8 mark¢t Tate of ititeresL Financial assets classified as receivable witbin one year are not amortis
AUDACIOUS FOUNDATION NOTES TO THE FINANCIAL STATEmEs (CONTINUED) FOR THE YEAR EI¥DED 31 MARCH 2024 Accounting policie8 (Conthued) ImpaIrnnt of flnanclal assets Financial assets, other than those held at fair value through income and expenditur4 ar¢ ass¢ssed for indicators of impairnient at each reporting dats. Financial assets are ina]red where there is obj¢ctiv¢ ¢videnc¢ thal a8 a result of one or more events that ocCud after the initial re¢ogDition of the financial asse¢ the estimated fvture cash flows have been affected. If an asset is iMpre1 th¢ impairnKnt loss is the diff¢renc¢ between the carrying amount and the present value of the estimated cash flows discounted at the asset's oriwl effective intere8t rate. The Impairrtntl088 1$ recognis¢d in net in¢omd(¢xp¢nditur¢) for th¢ y¢ar. tf there 18 a de¢ase in the impairn]ent Ioss arising from an event occurring after the in)pairnMIt was recolS¢<I the impainnent 18 rever8ed. The reversal is such that the cutreDt catrying amount does not exceed what the canyAng amou would have Iw Imd the impairnient not previously been recognised. The impairn]ent reversal is recognisd in net itMe/(expendItUre) for the year. Der•cognltlon of flnanclal assets Fitian¢ial assets are derecogDised only when the contr rights to the cash flows from the ass¢t expire or are settlrf or w]M the ¢barAty transfers the fllMn¢Aal asset and substantially all the risk8 and rward8 of ownership to another entity, or if some sigrrificant risks and rewards of ownersbip are retained but control of th¢ as8¢t has transferred to another party that is able to sell the a8set in its ¢Dtir¢ty to an unT¢lat¢d third paty. Baslc flnanclal Ilabllltlos Basic finan¢ial liabilities, including ¢Trditot8 and bank loans arn iDitially recognised at transaction pri¢¢ nless the arrangement constitutes a financing transactio where th¢ debt in8trim)¢nt 18 measured at the pr¢s¢nt value of th¢ tUre Pa discount¢d at a market rate of interesL Financiftl IAabilities Classified as payable within one year are not amortAsed. Debt instruments subsequently canied at amortised cos4 Ing the ¢ffeGtiv¢ inter¢st rdtc method. Trade creditors are obligation8 to pay for go(rf18 or service5 that have been acquired in the orthnary covrse of operntions from suppliern. Amovnts payable are classified as current liabilities if paym¢nt is du¢ within one year or less. If no( they are presented as non-¢urrent liabilities. Trade creditors aTe recognised initially at transaction pri¢¢ and subs¢qu¢ntty m¢asured at amorti8ed cost using the effective interest metbo(L D•rKognftlon of flnandal Ilablllues Financial liabilities ar¢ der¢cogDi8ed WIM th¢ c]wity's contr obligations ¢xpire or are discbarged or caocelle 1.8 Employee benefits The cost of any unused IlidaY entitlement is recogni8 in the period in which the ¢mploy¢c'8 seTvice8 are re¢eiv Tennination benefits are recogDi8ed immethly as an expense wllen the chaTity is demonstrabty committed to t¢nninate the ¢mplo)rnent of an employee or to prnvide tsrniination benefits.
AUDACIOUS FOUIYDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIYDED 31 MARCH 2024 Ateonntln£ polldes (Comlinued) Reltrement benefits Payments to defjned contribution retirellt benefit sChenS are charwI as an expense &8 they fall due. Crltifal Accounting estlmates And Judgements In thc application of the charity's accounting policie4 the tteeS are required to makc judgcmcnts. estimates and assumptions about the carryAng amovnt of assets and liabilities that are not read apparalt from ot]r sources. The estimates and associated assumptions are based on historical experience and other factors that ale consid¢red to b¢ Trleyant. Actual results may differ from these estAmates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recogDised in the period in wbiclk the estimate is revis where the revision affccts Onty that 104 or in the petiod of the revision and future periods where the revisioll affects both ¢wrent and futUTe p¢riods. Th¢r¢ ar¢ no judgemcllts or ¢stimatss wbich bavc a significant risk of causing a matsial adju8lilleDt to th¢ cauying amount of assets and liabilities. Donatlon8 fts 2024 2024 2024 2023 2023 2023 Donations and gifts 156,969 26,319 183288 114,359 2.758 117.117 Charitable actMtle8 2024 2023 Scrviccs providcdulld contrnct Other income 10,826 30,171 80,917 31.158 40,997 112,075 io-
AUDACIOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Investments 2024 2023 Interest receivable 676 87 Other income 2024 2023 11,704 2,926 R*iiing fundi 2024 2023 Fundraisin and ub]i¢i Other fundraising costs 216 216 216 216 li
AI]DACIOUS FOUNDATION NOTES TO THE FINANCLIL STATEMENTS (CONTINUED) FOR THE YEAR EIYDED 31 MARCH 2024 Charltable aetmtles 2024 2023 Staff costs 134.862 70.668 728 665 124 130261 75.693 783 585 145 80 5,458 1,052 Hospitallty and ft8 Equipment hire Legal and PTofe85ional fee8 5,587 1,306 1,334 258 IT costs Bank ¢harg¢8 340 215,532 215.648 Sl]aTe of gov¢n)allc¢ c08ts (s¢¢ note 9) 950 900 216.482 216,548 An#ly8lJ by fund Unrestricted fimds Restricted fimd8 195.906 20.576 168,741 47,807 216.482 216,548 Support eosts Support Govenwice eosts 2024 Support Governance colts 2023 Ind¢p¢ndent 950 950 900 900 950 950 900 900 Charitable activitie8 950 950 900 Governance costs includes payments to the independent exami of £950 (2023: £900) for independent exami0 fees, cknitsbl¢ artivitie5 includes paym¢nts of £1360 (2023: £1.470) for other sffvices. 12-
AUDACIOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EM)ED 31 MARCH 2024 10 Truste None of tbe trustees (or any persons ¢oDnected with them) receiv any remuneration or benefits from the charity dwing the year. 11 Employeej The average monthly numbff of employee# during the year was: 2024 Number 2011 Number Employees Totsl 10 Employment colts 2024 2023 Wages and salaries Social security costs Other peDsioll costs 121.785 9,241 3,836 118,348 9,028 2,885 134,862 130,261 There were no en]ployee8 whose aDnual remuneTrtion was £60,000 or mor 12 lknatio On the baBiS of these fjnallci statements no provision Iw been made for woration tax. 13 Debton 2024 2023 Amounts due YAthln one year: Trade d¢btOTS 8,374 61,544 2,451 63,598 69,918 66,049 13-
AUDACIOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Credltors: amounts falllng due wlthln one year 2024 2023 Other taxation and social security Trade creditors A¢¢nlS and d¢f¢rr¢d incom¢ 2,252 5,427 3,031 2.143 3.744 2,872 10,710 8,759 l4-
gbX&
ll
AUDACIOUS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (Co¥UED) FOR THE YEAR ENDED 31 MARCH 2024 16 Analysts of Det asiets between funds fThnds 2024 2024 2024 2023 2023 2023 Fund balances at 31 March 2024 ar¢ rqwcscntcd by: assets/(liabilities) 107,562 8,501 116.063 84,654 11.442 96,096 107.562 8,501 116,063 84,654 11,442 96.096 17 Operating lease commitments At the reporting end date the charlty had ouLgtanding CA)mmitments for minimum lease payments under non-cancellable operating lease5. which fall due as follows: 2024 2023 Witbin one year 28.320 28J20 18 Related party trAns#ctRoDs Mr S A K¢iT (trustse) is also a trustee of Audacious Church . registered charity number 1129633. Dllg the year Audacious Foundation opernted a loan account with Audacious Church. At l April 2023, Audacious Clwreh owed Audacious Foundation £60.681. During the year. expenses net of any income received totalled £nil. At 31 March 2024, Audacious cIllch owedAudacious Foundation £60,681. 17-