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|---|---|---|---|
|Reference and administrative||details ofthe charity, its Trustees and advisers||
|Trustees' report|||2-15|
|Independent
auditors'|report|on the financial statements|16 - 19|
|Statement offinancial|activities||20|
|Balance sheet|||21|
|Statement
ofcash flows|||22|
|Notes to the financial|statements||23 -44|
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|||||Unresti'icted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2023|2023|2023|2022|
||||Note|6|F|Z|F|
|Income from:||||||||
|Charitable
activities||||5,767,370|393,635|6,161,005|5,404,036|
|Exceptional
income||||75,639||75,639||
|Investments||||29,667||29,667|18,204|
|Other income||||30,414||30,414|41,027|
|Total income||||5,903,090|393,635|6,296,725|5,463,267|
|Expenditure
on:||||||||
|Raising funds|||||||39,000|
|Charitable
activities|||7|5,552,912|379,047|5,931,959|5,057,005|
|Total expenditure||||5,552,912|379,047|5,931,959|5,096,005|
|Net income||||350,178|14,588|364,766|367,262|
|Transfers
between|funds|||(5,058)|5,058|||
|Net movement
in funds before other||||||||
|recognised
gains||||345,120|19,646|364,766|367,262|
|Other recognised|gains:|||||||
|Defined benefit pension scheme||||686,000||686,000|2,885,000|
|Net movement
in funds||||1,031,120|19,646|1,050,766|3,252,262|
|Reconciliation offunds:||||||||
|Total funds brought||forward||867,825|8,304|876,129|(2,376,133)|
|Net movement
in funds||||1,031,120|19,646|1,050,766|3,252,262|
|Total funds carried||forward||1,898,945|27,950|1,926,895|876,129|
##
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|||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Note||E||E|
|Fixed assets|||||||||||
|Tangible assets||||||12||489,050||473,344|
|Investment
property||||||13||350,000||350,000|
|||||||||839,050||823,344|
|Current assets|||||||||||
|Debtors||||||14|530,496||794,765||
|Cash at bank and|in hand||||||1,607,133||1,394,769||
||||||||2,137,629||2,189,534||
|Creditors
amounts||falling due within|||one year|15|(1,009,122)||(1,382,278)||
|Net current assets||||||||1,128,507||807,256|
|Total assets less|current|||liabilities||||1,967,557||1,630,600|
|Creditors
amounts||falling due after|||more than one year|16||(40,662)||(68.471)|
|Net assets excluding|||pension asset I liability|||||1,926,895||1,562,129|
|Defined benefit pension|||scheme asset I liability|||||||(686,000)|
|Total net assets||||||||1,926,895||876,129|
|Charity funds|||||||||||
|Restricted funds'|||||||||||
|Restricted funds||||||17|27,950||8,304||
|Unrestricted
funds|||||||||||
|General funds|||||||1,898,945||1,553,825||
|Unrestricted
funds|excluding|||pension||17|1,898,945||1,553,825||
|Pension
reserve||||||17|||(686,000)||
|Total unrestricted|funds|||||17||1,8S8,945||867,825|
|Totalfunds||||||||1,926,895||876,129|
##
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|||FOR|TH|E YEAR EN|DED 31 MARCH 202|3||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||E|F|
|Cash flows from operating||activities||||||
|Net cash|used
in operating|activities||||298,934|520,906|
|Cash flows from investing||activities||||||
|Dividends,|interests
and rents from investments|||||13,582|18,460|
|Purchase|oftangible
fixed assets|||||(67,824)|(59,963)|
|Net cash|used in investing|activities||||(54,242)|(41,503)|
|Cash flows from financing||activities||||||
|Repayments
of borrowing||||||(32,328)|(145,031)|
|Net cash|used in financing|activities||||(32,328)|(145,031)|
|Change
in cash and cash||equivalents|in|the year||212,364|334,372|
|Cash and|cash equivalents|at the beginning||ofthe year||1,394,769|1,060,397|
|Cash and|cash equivalents|at the end of||the year||1,607,133|1,394,769|
|The notes|on pages 23 to 44 form part ofthese finanmal||||statements|||
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||||Unrestdcted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023f|2023f|2023|
|CIAG (Cumbria
County Council)|||1,044,544||1,044,544|
|National careers|service (ESFA)||396,674||396,674|
|NEET prevention|and reduction|(DWP)|289,179||289,179|
|Enterprise
adviser network (CEC/Lance LEP)|||623,626||623,626|
|The Key (ESFA)|||742,248||742,248|
|NCS 2022|||1,025,431||1,025,431|
|NCS 2020 (NCS|Trust)|||||
|NCS 2021|||(13,139)||(13,139)|
|Restart (G4S)|||1,069,571||1,069,571|
|The Link (DWP)|||351,398||351,398|
|Other contracts (Various)|||237,838|393,635|631,473|
|Total 2023|||5,767,370|393,635|6,161,005|
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022f|2022f|2022f|
|CIAG (Cumbria|County Council)||1,044,544||1,044,544|
|National careers|services (ESFA)||403,815||403,815|
|NEET prevention|and reduction|(DWP)|328,074||328,074|
|Enterprise
adviser network (CEC/Lance LEP)|||581,674||581,674|
|The Key (ESFA)|||704,619||704,619|
|NCS 2022|||148,589||148,589|
|NCS 2020|||14,799||14,799|
|NCS 2021|||951,937||951,937|
|Restart (G4S)|||514,490||514,490|
|The Link (DWP)|||345,232||345,232|
|Other contracts|(Various)||305,240|61,023|366,263|
|Total 2022|||5,343,013|61,023|5,404,036|
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2022|
||||6|6|F|
||VAT rebate||75,639|75,639||
|5.|Investment|income||||
|||||Unrestricted|Total|
|||||funds|funds|
|||||2023|2023|
||||||F|
||Investment|income||29,667|29,667|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2022|2022|
|||||8|6|
||Investment|income||18,204|18,204|
|6.|Other incoming resources|||||
|||||Unrestricted|Total|
|||||funds|funds|
|||||2023
8|2023f|
||Other income|||16,832|16,832|
||Interest receivable|||13,582|13,582|
|||||30,414|30,414|
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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2022f|2022
5|
|Other income|40,771|40,771|
|Interest receivable|256|256|
||41,027|41,027|
##
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|Unrestricted|Restricted||
|---|---|---|
|funds|funds|Total|
|2023|2023|2023|
||5|6|
|5,552,912|379,047|5,931,959|
|Unrestricted|Restricted||
|funds|funds|Total|
|2022f|2022
5|2022
f|
|4,980,634|76,371|5,057,005|
##
|Activities|||
|---|---|---|
|undertaken|Support|Total|
|directly|costs|funds|
|2023
F|2023|2023f|
|5,184,866|747,093|5,931,959|
##
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##
|8.|Analysis of|expenditure|expenditure|by activities (continued)||||
|---|---|---|---|---|---|---|---|
||||||Activities|||
||||||undertaken|Support|Total|
||||||directly|costs|funds|
||||||2022
F|2022f|2022
F|
||Direct costs||||4,403,287|653,718|5,057,005|
||Analysis of|direct costs||||||
||||||||Total|
|||||||Direct Costs|funds|
|||||||2023|2023|
|||||||E|6|
||Wages and|salaries||||4,273,017|4,273,017|
||Subcontractor||costs|||336,633|336,633|
||Recruitment|and staff training||||97,578|9?,678|
||Travel and motor expenses|||||154,027|154,027|
||Vehicle leasing||charges|||171|171|
||Advertising,|conventions||and shows||37,714|37,714|
||Bank charges|||||2,953|2,953|
||Property costs|||||210,659|210,659|
||Meeting
room||hire and refreshments|||72,014|72,014|
|||||||5,184,855|5,184,866|
##
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##
|Analysis ofdirect cos|ts (continued)|||
|---|---|---|---|
||||Total|
|||Direct Costs|funds|
|||2022
6|2022f|
|Net pension finance costs||78,000|78,000|
|Wages and salaries||3,633,403|3,633,403|
|Subcontractor
costs||244,129|244,129|
|Recruitment
and staff training||85,538|85,538|
|Travel and motor expenses||72,471|72,471|
|Vehicle leasing charges||882|882|
|Advertising,
conventions|and shows|39,075|39,075|
|Bank charges||2,147|2,147|
|Property costs||207,580|207,580|
|Meeting room hire and|refreshments|40,062|40,062|
|||4,403,287|4,403,287|
|Analysis ofsupport costs||||
|||Support|Total|
|||Costs|funds|
|||2023|2023|
|||8|8|
|Wages and salaries||100,006|100,006|
|Depreciation||52,118|52,118|
|Office expenses||292,123|292,123|
|Interest payable||5,093|5,093|
|Audit and accountancy|fees|23,530|23,530|
|Legal and professional|fees|14,051|14,051|
|Trade subscriptions||22,786|22,786|
|Sundry expenses||184,792|184,792|
|Irrecoverable
VAT||52,594|52,594|
|||747,093|747,093|
##
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##
|Analysis ofsupport c|osts|(conti|nu|ed)||||
|---|---|---|---|---|---|---|---|
|||||||Support|Total|
|||||||Costs|funds|
|||||||2022|2022|
||||||||5|
|Wages and salaries||||||93,026|93,026|
|Depreciation||||||41,000|41,000|
|Office expenses||||||206,967|206,967|
|Interest payable||||||4,643|4,643|
|Audit and accountancy|fees|||||15,336|15,336|
|Legal and professional|fees|||||50,564|50,564|
|Trade subscriptions||||||18,131|18,131|
|Sundry expenses||||||171,916|171,916|
|Irrecoverable
VAT||||||52,135|52,135|
|||||||653,718|653,718|
|Auditors'
remuneration||||||||
|||||||2023|2022|
|||||||F||
|Fees payable to the charity's
accounts||auditor||for the audit ofthe charity's|annual|14,000|10,000|
|Fees payable to the charity's||auditor||in respect of:||||
|All non-audit
services not included|||above|||3,150|3,550|
|Staff costs||||||||
|||||||2023f|2022
5|
|Wages and salaries||||||3,634,457|3,271,944|
|Social security costs||||||329,416|271,180|
|Contribution
to pension|schemes|||||409,151|183,305|
|||||||4,373,024|3,726,429|
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|||||||||2023|2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||No.|No.|
|Employees|||||||||145|133|
|The|number|of employees|whose|employee|benefits|(excluding|employer|pension|costs)|exceeded|
|F60,000was:|||||||||||
|||||||||2023||2022|
||||||||||No.|No.|
|In the|band f60,001 - 570,000||||||||||
|In the|band F90,001 - 6100,000||||||||||
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|||Long-tenn||||
|---|---|---|---|---|---|
|||leasehold||||
||Freehold|property|Fixtures and|Computer||
||property
F.|improvements|fittings|equipment
6|Total|
|Cost orvaluation||||||
|At 1 April 2022|473,951|213,767|80,257|368,?81|1,136,756|
|Additions|||16,579|51,245|67,824|
|At 31 March 2023|473,951|213,767|96,836|420,026|1,204,580|
|Depreciation||||||
|At 1 April 2022|76,626|191,895|76,076|318,815|663,412|
|Charge for the year|10,575|5,064|5,324|31,155|52,118|
|At 31 March 2023|87,201|196,959|81,400|349,970|715,530|
|Net book value||||||
|At 31 March 2023|386,750|16,808|15,436|70,056|489,050|
|At 31 March 2022|397,325|21,872|4,181|49,966|473,344|
##
||Freehold|
|---|---|
||investment|
||property|
||6|
|Valuation||
|At 1 April 2022|350,000|
|At 31 March 2023|350,000|
##
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##
|||2023|2022|
|---|---|---|---|
|||6|5|
|Due within one year||||
|Trade debtors||125,123|340,119|
|Other debtors||367,304|403,852|
|Prepayments|and accrued income|38,069|50,794|
|||530,496|794,765|
##
##
|||2023|2022f|
|---|---|---|---|
|Bank loans||30,250|28,970|
|Trade creditors||15,428|55,557|
|Other taxation and social security||68,583|270,345|
|Other creditors||31,914|32,552|
|Accruals and deferred|income|862,947|984,853|
|||1,009,122|1,382,278|
##
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##
||||2023||
|---|---|---|---|---|
||||6||
|Bank loans|||40,662|68,471|
|Included|within the above are amounts|falling due as follows:|||
||||2023|2022|
|||||8|
|Between|one and two years||||
|Bank loans|||40,662|68,471|
##
##
|||||||||Balance at|Balance at|
|---|---|---|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|Gains/||31 March||
|||April 2022
5|Income
5|Expenditure
5|in/out
5|(Losses)
6|||2023
5|
|Unrestricted||||||||||
|funds||||||||||
|General funds||1,553,825|5,903,090|(5,552,912)|(5,058)|||1,898,945||
|Pension reserve||(686,000)||||686,000||||
|||867,825|5,903,090|(5,552,912)|(5,058)|686,000||1,898,945||
|Restricted||||||||||
|funds||||||||||
|Eden youth|hub|5,641|48,409|(54,050)||||||
|Selfemployment||||||||||
|project||2,663|13,896|(9,790)|||||6,769|
|Ready for work-||||||||||
|Blackpool|(CRF)||93,741|(98,799)|5,058|||||
|Selnet|||74,981|(70,524)|||||4,457|
|UK Shared||||||||||
|Prosperity|Funds||162,608|(145,884)|||||16,724|
|||8,304|393,635|(379,047)|5,058||||27,950|
|Total offunds||876,129|6,296,725|(5,931,959)||686000||1|926895|
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|Statement|offun|ds - prior year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at|||Transfers|Gains/|31 March|
|||1 April 2021
5|Income
5|Expenditure
5|in/outf|(Losses)f|2022
6|
|Unrestricted||||||||
|funds||||||||
|General funds||1,232,215|5,402,244|(5,080,634)|||1,553,825|
|Pension reserve||(3,632,000)||61,000||2,885,000|(686,000)|
|||(2,399,785)|5,402,244|(5,019,634)||2,885,000|867,825|
|Restricted||||||||
|funds||||||||
|Barclays||||||||
|100x100||23,652||(23,652)||||
|Eden youth|hub||25,400|(19,759)|||5,641|
|Ready for work-||||||||
|Blackpool|||22,860|(22,860)||||
|Selnet|||12,763|(10,100)|||2,663|
|UK Shared||||||||
|Prosperity|Funds|||||||
|||23,652|61 023|(76371)|||8,304|
|Total offunds||(2,376,133)|5,463,267|(5,096,005)||2,885,000|876,129|
##
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|Analysis
Analysis|NOTES TO THE FINANCIAL
FOR THE YEAR ENDED 31
of net assets between funds
of net assets between funds -current year|STATEMENTS
MARCH 2023|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2023|2023|2023|
||||6||
|Tangible fixed assets||489,050||489,050|
|Investment|property|350,000||350,000|
|Current assets||2,109,678|27,950|2,137,628|
|Creditors|due within one year|(1,009,122)||(1,009,122)|
|Creditors|due in more than one year|(40,662)||(40,662)|
|Total||1,898,944|27,950|1,926,894|
|Analysis|ofnet assets between funds - prior year||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||F|5|5|
|Tangible fixed assets||473,344||473,344|
|Investment|property|350,000||350,000|
|Current assets||2,181,230|8,304|2,189,534|
|Creditors|due within one year|(1,382,278)||(1,382,278)|
|Creditors|due in more than one year|(68,471)||(68,471)|
|Provisions|for liabilities
and charges|(686,000)||(686,000)|
|||867,825|8,304|876,129|
##
##
##
|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||5|F|
||Net income for the year (as per Statement||||of Financial|Activities)||364,766|367,262|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||52,118|40,999|
||Defined benefit pension scheme gains||||||||61,000|
||Dividends,
interests|and rents from investments||||||(13,582)|(18,460)|
||(Increase)/Decrease|in debtors||||||264,269|(321,229)|
||Increase/(Decrease)|in creditors||||||(421,231)|338,740|
||Irrecoverable
VAT|||||||52,594|52,594|
||Net cash provided
by operating|||activities||||298,934|520,906|
|20.|Analysis ofcash and||cash equivalents|||||||
|||||||||2023|2022|
|||||||||5|5|
||Cash
in hand|||||||1,607,133|1,394,759|
||Total cash and cash||equivalents|||||1,607,133|1,394,759|
|21.|Analysis ofchanges||in net debt|||||||
||||||||At 1 April||At 31 March|
||||||||2022|Cash flows
f|2023
6|
||Cash at bank and in|hand|||||1,394,769|212,364|1,607,133|
||Debt due within
1 year||||||(28,970)|(1,280)|(30,250)|
||Debt due after 1 year||||||(68,471)|27,809|(40,662)|
||||||||1,297,328|238,893|1,536,221|
##
##
##
##
|the charity's share ofass|
ets up until the date ofexit:|||
|---|---|---|---|
||||2023|
|Movements
in the present|value ofthe defined benefit obligation|were as follows:||
|Opening
defined
benefit obligation
Effect ofcurtailment|||(33,942,000)
32,570,000|
|Gain on curtailment|||1,372,000|
|Movements
in the fair value ofthe charity's share ofscheme assets were as follows:||||
|Opening
fair value ofscheme assets|||33,256,000|
|Remeasurement
ofassets|||(686,000)|
|Effect ofcurtailment|||(32,570,000)|
|Net position recognised|in the statement offinancial position|||
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##