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|---|---|---|---|
|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|
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|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|||||
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||||||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|
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||||||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|
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|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|
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||||||||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|
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|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|
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|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,$76|
||Carryiag
amount||||
||At 31December 2022||6,640|6,640|
||At 31December 2021||3,717|3,717|
|12.|Debtors||||
||||2022|2021|
||||f||
||Trade debtors||39,000|6,000|
||Prepayments|and accrued income|748|253|
||Other debtors|||1,623|
||||39,748|7,876|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||f||
|Trade
Social
Other|creditors
security
creditors|and|other|taxes|573
887
89|40
8,270
596|
||||||1,549|8,906|
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|es|e||||||At|
|---|---|---|---|---|---|---|---|
|||||At||31December||
||||I|January 2022
f|Income|Expenditure
f.|2022|
|General|funds|||232,441|114,903|(229,901)|117,443|
||||||||At|
|||||At|||31December|
||||I|January 2021
f|Income|Expenditure
f.|2021|
|General|funds|||262,788|125,442|(155,789)|232,441|
|Restricted||funds|||||At|
|||||At|||31December|
||||I Januaty 2022||Income|Expenditure|2022|
|||||f.||f.||
|Restricted Fund|||||133,560|(2,464)|131,096|
||||||||At|
|||||At|||31December|
||||I January 2021
f||Income|Expenditure
f|2021
5|
|Restricted Fund|||||34,750|(34,750)||
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|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2022|
|Tangible fixed assets||6,640||6,640|
|Current assets||112„352|131,096|243,448|
|Creditors less than|1 year|(1,549)||(1,549)|
|Net assets||117,443|131,096|248439|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|||f|f||
|Tangible fixed assets||3,717||3,717|
|Current assets||237,630||237,630|
|Creditors less than|1year|(8,906)||($,906)|
|Net assets||232,441||232,441|
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|||||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)|