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||||||PAGE|
|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating
the|||director's|report)||
|Independent
auditor's|report to|the members||||
|Statement
offinancial|activities|(including|income and|||
|expenditure
account)|||||10|
|Statement
of financial|position|||||
|Statement
of cash flows|||||12|
|Notes to the financial|statements||||13|
|The following
pages|do not form part ofthe financial statements|||||
|Detailed statement
of|financial|activities|||20|
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|REFEREN|REFEREN|CE AND|ADMINISTRA|ADMINISTRA|TIVE
DETAILS|TIVE
DETAILS||||
|---|---|---|---|---|---|---|---|---|---|
|Registered||charity|name||Future Horizons||Leeds|||
|Charity|registration||number||1178978|||||
|Company||registration||number|09082527|||||
|Principal|office and||registered||Unit
1|||||
|office|||||2 Wyther Lane|||||
||||||Kirkstall|||||
||||||Leeds|||||
||||||LS53BT|||||
||||||United
Kingdom|||||
|THE TRUSTEES||||||||||
||||||J R Robson|||||
||||||M Handscombe|||||
||||||S Morgan|||||
|AUDITOR|||||Wine &Co|||||
||||||Chartered|accountants||& statutory|auditor|
||||||20-22 Bridge End|||||
||||||Leeds|||||
||||||LS1 4DJ|||||
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||||||||Period from|
|---|---|---|---|---|---|---|---|
||||||||1 Jul 21 to|
||||||Year to 30 Aug 23||30Aug 22|
||||||Unrestricted|||
||||||funds|Total funds|Total funds|
|||||Note|6|E|F|
|Income and|endowments|||||||
|Charitable
activities||||5|1,982,216|1,982,216|1,580,531|
|Total income|||||1,982,216|1,982,216|1,580,531|
|Expenditure
Expenditure|on charitable|activities||6,7|(1,753,297)|(1,753,297)|(1,519,089)|
|Total expenditure|||||(1,753,297)|(1,753,297)|(1,519,089)|
|Net Income|and net movement||in funds||228,919|228,919|61,442|
|Reconciliation
offunds||||||||
|Total funds|brought
forward||||450,338|450,338|388,896|
|Total funds|carried forward||||679,257|679,257|450,338|
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Nots|F||||
|FIXEDASSETS||||||||
|Tangible
fixed assets|||||218,661||223,213|
|CURRENT ASSETS||||||||
|Debtors|||12|203,054||195,009||
|Cash at bank and|in hand|||329,371||110,385||
|||||532,425||305,394||
|CREDITORS: amounts||falling due||||||
|within one year|||13|(71,829)||(78,269)||
|NET CURRENT ASSETS|||||460,596||227,125|
|TOTAL ASSETS|LESS|CURRENT||||||
|LIABILITIES|||||679,257||450,338|
|NET ASSETS|||||679,257||450,338|
|FUNDS OF THE CHARITY||||||||
|Unrestricted
funds|||||679,257||450,338|
|Total charity funds|||15||679,257||450,338|
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|YEAR ENDED 30 AUGUST 2023|||
|---|---|---|
||2023|2022|
||F|F|
|CASH FLOWS FROM OPERATING ACTIVITIES|||
|Net income|228,919|61,442|
|Adjustments
for:|||
|Depreciation
of tangible
fixed assets|54,127|55,209|
|Accrued expenses/(income)|3,500|(3,020)|
|Changesin:
Trade and other debtors|(8,045)|(25,109)|
|Trade and other creditors|(9,940)|42,225|
|Cash generated
from operations|268,561|130,747|
|Net cash from operating
activities|268,561|130,747|
|CASH FLOWS FROM INVESTING ACTIVITIES|||
|Purchase
oftangible assets|(49,575)|(63,031)|
|Net cash used
in investing
activities|(49,575)|(63,031)|
|NET INCREASE IN CASH AND CASH EQUIVALENTS|218,986|67,716|
|CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR|110,385|42,669|
|CASH AND CASH EQUIVALENTS AT END OF YEAR|329,371|110,385|
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|value, over the useful economi|c
life of that asset a|s follows:|
|---|---|---|
|Leasehold
improvements|10%straight|line|
|Fixtures and fittings|25% reducing|balance|
|Motor vehicles|25% reducing|balance|
|Computer
equipment|33%straight|line|
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|CHARITABL|E ACTIVITIES|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2023|Funds|2022|
|||f||6|6|
|Fees receivable||1,981,806|1,981,806|1,569,305|1,569,305|
|Other income||410|410|11,033|11,033|
|Government|grants receivable|||193|193|
|||1,982,216|1,982,216|1,580,531|1,580,531|
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|EXPENDITURE ON CHARITABLE|ACTIVITIES BY F|UND TYPE|||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2023|Funds|2022|
|||6|F|6|
|Young adults care and education
provision
Support costs|1,721,290
32,007|1,721,290
32,007|1,481,216
37,873|1,481,216
37,873|
||1,753,297|1,753,297|1,519,089|1,519,089|
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|7.|EXPENDITU|R|E ON CH|ARITABLE ACTIVITIES BYAC|TIVITY TYP|E||
|---|---|---|---|---|---|---|---|
|||||Activities||||
|||||undertaken|Support|Total funds|Total fund|
|||||directly|costs|2023|2022|
|||||8|8|E|8|
||Young adults
provision
Governance|care and
costs||education
1,721,290|32,007|1,721,290
32,007|1,481,216
37,873|
|||||1,721,290|32,007|1,753,297|1,519,089|
|8.|NET INCOME|||||||
||Net income|is|stated after charging/(crediting):|||||
|||||||2023|2022|
|||||||6|6|
||Depreciation|of tangible||fixed assets||54,127|55,209|
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|STAFF C|OSTS|||||
|---|---|---|---|---|---|
|The total|staff costs and|employee|benefits for the reporting|period are analysed
as|follows:|
||||||Period from|
|||||Year to|1 Jul 21 to|
|||||30Aug 23
f|30Aug 22
f|
|Wages and salaries
Social security costs
Employer
contributions||to pension|plans|978,398
72,003
41,974|906,441
55,500
35,856|
|||||1,092,375|997,797|
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|TANGIBLE FI|XEDASSET|S|||||
|---|---|---|---|---|---|---|
|||Leasehold|||||
|||Property|||||
|||Improve|Fixtures and|Motor|Computer||
|||-ments
6|fittings
5|vehicles
8|Equipment
f|Total
8|
|Cost|||||||
|At 31 August 2022
Additions||201,366
7,209|118,404
6,024|19,745|3,990
36,342|343,505
49,575|
|At 30August|2023|208,575|124,428|19,745|40,332|393,080|
|Depreciation
At 31 August 2022
Charge for the year||53,837
20,859|55,648
17,200|9,255
2,623|1,552
13,445|120,292
54,127|
|At 30August|2023|74,696|72,848|11,878|14,997|174,419|
|Carrying
amount
At 30August 2023||133,879|51,580|7,867|25,335|218,661|
|At 30August 2022||147,529|62,756|10,490|2,438|223,213|
|DEBTORS|||||||
||||||2023|2022|
||||||8||
|Trade debtors|||||165,957|164,016|
|Prepayments|and accrued|income|||37,097|30,993|
||||||203,054|195,009|
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|CREDITORS: amount|s
falling due within one year|||
|---|---|---|---|
|||2023|2022|
|||E|6|
|Trade creditors||36,167|51,137|
|Accruals and deferred|income|9,000|5,500|
|Social security and other taxes
Other creditors||20,152
6,510|15,053
6,579|
|||71,829|78,269|
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|||||||At||||||At|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||31|August|20||||30August||2|
|||||||22|Income||Expenditure||023||
|||||||||F|6||6||
||General|funds|||450,338||1,982,216||(1,753,297)|679,257|||
|||||||||||||At|
|||||||At||||30August||20|
|||||1|July 2021||Income||Expenditure|||22|
||||||F|||5|||||
||General|funds|||388,896||1,580,531||(1,519,089)|450,338|||
|16.|ANALYSIS OF CHANGES|||IN NET DEBT|||||||||
||||||||At|||At|||
||||||||31 Aug|2022
f|Cash flows|30Aug|2023||
||Cash at|bank and|in hand||||110,385||218,986|329,371|||
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|||YEAR ENDED 30 AU|GUST 2023||
|---|---|---|---|---|
|||||Period from|
||||Year to|1 Jul 21 to|
||||30Aug 23|30Aug 22|
||||E|6|
|Income and endowments|||||
|Charitable
activities|||||
|Fees receivable|||1,981,806|1,569,305|
|Other income|||410|11,033|
|Government
grants receivable||||193|
||||1,982,216|1,580,531|
|Total income|||1,982,216|1,580,531|
|Expenditure|||||
|Expenditure
on charitable||activities|||
|Purchases|||(137,358)|(96,551)|
|Wages and salaries|||(978,398)|(906,441)|
|Employer's
NIC|||(72,003)|(55,500)|
|Pension costs|||(41,974)|(35,856)|
|Rent and rates|||(115,132)|(117,880)|
|Light and heat|||(40,467)|(30,297)|
|Insurance|||(11,643)|(9,384)|
|Repairs and maintenance|||(33,992)|(23,335)|
|Motor expenses|||(10,600)|(6,002)|
|Travel and subsistence|||(3,938)|(3,428)|
|Vehicle leasing|||(23,932)|(9,924)|
|Telephone|||(4,062)|(457)|
|Computer
expenses|||(51,845)|(17,246)|
|Printing,
postage and|stationery||(9,484)|(9,014)|
|Sundry expenses|||(11,555)|(8,635)|
|Cleaning
and waste|||(65,479)|(43,899)|
|PPE cost|||(4,431)|(4,347)|
|Staff training|||(38,803)|(40,738)|
|Trade subscriptions|||(6,868)|(2,147)|
|Advertising|||(5,199)|(4,926)|
|Depreciation|||(54,127)|(55,209)|
|Accountancy
fees|||(10,840)|(8,880)|
|Auditors fees|||(9,000)|(5,500)|
|Legal and professional|fees||(11,503)|(20,811)|
|Bank charges|||(664)|(2,682)|
||||(1,753,297)|(1,519,089)|
|Total expenditure|||(1,753,297)|(1,519,089)|
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||Period from|
|---|---|
|Year to|1 Jul 21 to|
|30Aug 23|30Aug 22|
|F|F|
|228,919|61,442|