| Page | |||
|---|---|---|---|
| Trustees' | annual report | ||
| Independent examiner's |
report to the trustees | ||
| Statement | of financial | activities | |
| Statement | of financial | position | 10 |
| Notes to | the financial | statements | |
| The following pages do not form part ofthe financial statements |
|||
| Detailed | statement of | financial activities | 20 |
| Reference and administrative | Reference and administrative | Reference and administrative | Reference and administrative | details | |||||
|---|---|---|---|---|---|---|---|---|---|
| Registered charity | name | Patchwork | Foundation | ||||||
| Charity | registration | number | 1(77576 | ||||||
| Principal | office | Unit C119 | |||||||
| Trident Business Centre | |||||||||
| 89Bickersteth Road | |||||||||
| London | |||||||||
| The trustees | |||||||||
| Ms S Shah | (Appointed | 21 March 2022) | |||||||
| FBi | |||||||||
| IHolt | |||||||||
| H Bokhari | |||||||||
| SRahman | |||||||||
| Mr M Ogun | (Appointed | 21 March 2022) | |||||||
| Mr M Simpson | (Appointed | 21 March 2022) | |||||||
| TShogelols | |||||||||
| M Dawes | |||||||||
| SFraser | |||||||||
| P Mitchell | - | Rose | |||||||
| Independent | examiner | David Payne | FCA | ||||||
| Allen House | |||||||||
| 1 Westmead | Road | ||||||||
| Sutton | |||||||||
| Surrey | |||||||||
| SM1 4LA |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Nate | funds f |
funds | Total funds 8 |
Total funds f |
|||
| Income aad endowmeats | |||||||
| Donations and legacies Charitable activities |
4 5 |
110,236 4,667 |
133,560 | 243,796 4,667 |
158,442 1,750 |
||
| Total income | 114,903 | 133,560 | 248,463 | 160,192 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofraising donations legacies |
and | 6 | 229,901 | 2,464 | 232,365 | 190,539 | |
| Total expenditure | 229,901 | 2,464 | 232465 | 190,539 | |||
| Net income/(expenditure) in funds |
and | net | movemeat | (114,998) | 131,096 | 16,098 | (30,347) |
| Reconciliation offunds |
|||||||
| Total funds brought forward | 232,441 | 232,441 | 262,788 | ||||
| Total funds carried forward | 117,443 | 131,096 | 248,539 | 232,441 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | f | ||||||
| Fixed assets | |||||||
| Tangible fixed assets | 6&640 | 3,717 | |||||
| Current assets |
|||||||
| Debtors | 12 | 39,748 | 7,876 | ||||
| Cash at bank | and in hand | 203,700 | 229,754 | ||||
| 243,448 | 237,630 | ||||||
| Creditors: amounts | falling due within one year | 13 | 1,549 | 8,906 | |||
| Net current | assets | 241,899 | 228,724 | ||||
| Total assets | less current | liabilities | 248,539 | 232,441 | |||
| Funds ofthe | charity | ||||||
| Restricted funds | 131,096 | ||||||
| Unrestricted | funds | 117&443 | 232,441 | ||||
| Total charity funds | 15 | 248,539 | 232,441 |
| Donations | and legacies | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds f |
Funds f |
2022 f |
||
| Donations | ||||
| Donations | - Unrestricted | 106,836 | 106,836 | |
| Donations | - Restricted | 133,560 | 1335560 | |
| Patchwork | Ltd | 3,400 | 3,400 | |
| VAT Repayment | ||||
| 110,236 | 133,560 | 243,796 |
| Unrestricted | Restricted | Total Funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||||||
| f | f | f | |||||||
| Donations | |||||||||
| Donations | - | Unrestricted | 102,751 | 102,751 | |||||
| Donations | - | Restricted | 28,750 | 28,750 | |||||
| Patchwork | Ltd | 24,000 | 24,000 | ||||||
| VAT Repayment | 2,941 | 2,941 | |||||||
| 123,692 | 34,750 | 158,442 | |||||||
| 5. | Charitable | activities | |||||||
| Unrestricted | Total Fuads | Unrestricted | Total Funds | ||||||
| Funds f. |
2022 | Funds f |
2021 f |
||||||
| Other income from charitable activities |
4,667 | 4,667 | 1,750 | 1,750 | |||||
| 6. | Costs ofraising donations | and | legacies | ||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2022 | |||||||
| f | f | ||||||||
| Expenses | 229,901 | 2,464 | 232,365 | ||||||
| Unresuicted | Restricted | Total Funds | |||||||
| Funds f |
Funds | 2021 f |
|||||||
| Expenses | 56,568 | 133,971 | 190,539 | ||||||
| 7. | Net income/(expenditure) | ||||||||
| Net income/(expenditure) | is stated aller charging/(crediting): | 2022 | 2021 | ||||||
| f | |||||||||
| Depreciation oftangible fixed assets Operating lease rentals |
1,876 213 |
158 | |||||||
| 8. | Independent | examination | fees | ||||||
| 2022 | 2021 | ||||||||
| f | f | ||||||||
| Fees payable tothe independent Independent examination ofthe |
examiner for: financial statements |
2000 | 2571 |
| Staff costs | ||||||
|---|---|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are | analysed | as follows: | |
| 2022 | 2021 | |||||
| f | ||||||
| Wages and salaries | 150s864 | 142,960 | ||||
| Social security costs | 4,649 | 11,426 | ||||
| Employer contributions |
to pension | plans | 7,411 | 4,634 | ||
| 162,924 | 159,020 |
| 11. | Tangible fixe | d assets | ||
|---|---|---|---|---|
| Equipmentf | Total | |||
| Cost | ||||
| At 1 January | 2022 | 3,717 | 3,717 | |
| Additions | 4,799 | 4,799 | ||
| At 31December 2022 | $,516 | $,516 | ||
| Depreciation | ||||
| At 1 January | 2022 | |||
| Charge for the year | 1,876 | 1,876 | ||
| At 31December 2022 | 1,$76 | 1,$76 | ||
| Carryiag amount |
||||
| At 31December 2022 | 6,640 | 6,640 | ||
| At 31December 2021 | 3,717 | 3,717 | ||
| 12. | Debtors | |||
| 2022 | 2021 | |||
| f | ||||
| Trade debtors | 39,000 | 6,000 | ||
| Prepayments | and accrued income | 748 | 253 | |
| Other debtors | 1,623 | |||
| 39,748 | 7,876 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| f | ||||||
| Trade Social Other |
creditors security creditors |
and | other | taxes | 573 887 89 |
40 8,270 596 |
| 1,549 | 8,906 |
| es | e | At | |||||
|---|---|---|---|---|---|---|---|
| At | 31December | ||||||
| I | January 2022 f |
Income | Expenditure f. |
2022 | |||
| General | funds | 232,441 | 114,903 | (229,901) | 117,443 | ||
| At | |||||||
| At | 31December | ||||||
| I | January 2021 f |
Income | Expenditure f. |
2021 | |||
| General | funds | 262,788 | 125,442 | (155,789) | 232,441 | ||
| Restricted | funds | At | |||||
| At | 31December | ||||||
| I Januaty 2022 | Income | Expenditure | 2022 | ||||
| f. | f. | ||||||
| Restricted Fund | 133,560 | (2,464) | 131,096 | ||||
| At | |||||||
| At | 31December | ||||||
| I January 2021 f |
Income | Expenditure f |
2021 5 |
||||
| Restricted Fund | 34,750 | (34,750) |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2022 | ||
| Tangible fixed assets | 6,640 | 6,640 | ||
| Current assets | 112„352 | 131,096 | 243,448 | |
| Creditors less than | 1 year | (1,549) | (1,549) | |
| Net assets | 117,443 | 131,096 | 248439 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| f | f | |||
| Tangible fixed assets | 3,717 | 3,717 | ||
| Current assets | 237,630 | 237,630 | ||
| Creditors less than | 1year | (8,906) | ($,906) | |
| Net assets | 232,441 | 232,441 |
| Year ended 31Decem | ber 2022 | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Income and endowments | ||||||
| Donations and legacies | ||||||
| Donations - Unrestricted | 106,836 | 102,751 | ||||
| Donations - Restricted | 133,560 | 28,750 | ||||
| Patchwork Ltd |
3,400 | 24,000 | ||||
| VAT Repayment | 2,941 | |||||
| 243,796 | 158,442 | |||||
| Charitable activities |
||||||
| Other income from charitable | activities | 4,667 | 1,750 | |||
| Total income | 248,463 | 160,192 | ||||
| Expenditure | ||||||
| Costs ofraising donations Purchases |
and | legacies | 516 | 240 | ||
| Wages and salaries | 150,864 | 142,960 | ||||
| Employer's NIC Pension costs |
4,649 7,411 |
11,426 4,634 |
||||
| Operating leases Rent |
213 8,494 |
158 6,412 |
||||
| Rates and water | 8,305 | 2,303 | ||||
| Light and heat Repairs and maintenance |
1,943 475 |
2,320 40 |
||||
| Insurance | 710 | 482 | ||||
| Vehicle leasing/hire | 2&45I | 3,906 | ||||
| Other motor/travel costs |
25459 | 345 | ||||
| Legal and professional Telephone Other otftce costs |
fees | 750 1,648 171 |
3,500 1,734 116 |
|||
| Depreciation MPoTY —Awards and |
expense | 1,876 6pt5 |
||||
| Masterclass programme Website |
2,464 204 |
5,451 339 |
||||
| Fundraising expenses |
3,230 | 262 | ||||
| Accountancy Subscriptions |
3,670 747 |
2,571 1,340 |
||||
| 232,365 | 190,539 | |||||
| Total expenditure | 232,365 | 190,539 | ||||
| Net income/(expenditure) | 16,098 | (30,347) |