## **ABBEY PEOPLE CIO Known as Abbey People (Registered charity no. 1180560)**
## **REPORT AND FINANCIAL STATEMENTS**
**YEAR ENDED 31 MARCH 2023**
Report and Accounts
**ABBEY PEOPLE CIO (Registered charity no. 1180560)**
**REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2023**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details**|1|
|**Trustees' Report**|2|
|**Independent examiner's report**|6|
|**Statement of financial activities**|7|
|**Balance sheet**|8|
|**Notes to the financial statements**|9|
**ABBEY PEOPLE CIO**
## **REFERENCE AND ADMINISTRATIVE DETAILS For the year ended 31 March 2023**
|**Trustees**
**Chief Executive Officer**
**Charity reg. no.**
**Registered office**
**Telephone/fax**
**Email**
**Web-site**
**Independent examiner**
**Primary bankers**|Position
Elected
Resigned
James Pilgrim
Chair
25/03/2021
Peter Gotham
Secretary
25/03/2021
Joanna Bromwich
Treasurer
25/03/2021
Lynsey Stafford
General Trustee
OC
25/03/2021
& chair Operations Committee
Jo Brasher
General Trustee
05/07/2019
Nicky Massey
General Trustee
07/02/2019
Sharon Secker
General Trustee
25/03/2021
& Safeguarding Officer
Henry Kite
General Trustee
OC
25/03/2021
Justine McLachlan
General Trustee
OC
25/03/2021
Mike Kovacs
General Trustee
22/11/2021
Abdul Hye
General Trustee
29/09/2022
Membership of operations committee shown above
"OC"
Nicky Shepard
Appointed September 2020
1180560
The Hub, 15 Barnwell Road,
Cambridge
CB5 8RG
01223 211 945
info@abbeypeople.org.uk
www.abbeypeople.org.uk
Geoff Mann FCIE
Geoff Mann Limited
Dee House, Highworth Avenue
Cambridge
CB4 2BQ
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill,
West Malling,
Kent ME19 4JQ|
|---|---|
1
**ABBEY PEOPLE CIO**
## **TRUSTEES' REPORT**
## **For the year ended 31 March 2023**
The Trustees submit their annual report and the financial statements of Abbey People CIO for the year ended 31 March 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
## **Objects**
To promote for the benefit of the inhabitants of Abbey Ward in Cambridge the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
## **Structure, governance and management**
Abbey People CIO was formed by a governing document dated 10th May 2018 and was registered as a charity on 5th November 2018. As part of our strategic review of our activities, the Trustees have reviewed our charitable objects. The Trustees wanted to ensure the objects fully reflected the scope of work we do, as well as keep the charity in a strong position to support our community, especially as proposed changes to our area start to make an impact on local residents. New objects, setting out our four key work areas, and expanding our geographic reach were approved by an Extraordinary General Meeting on the 21st September 2023, and are now reflected in our constitution.
The Trustees who served during the year and are serving currently are shown on page 1.
New Trustees are recruited to support the objects of the Charity, by resolution of the Trustees as laid down in the Constitution.
The Board oversees the Charity's management and operation, with the Operations Committee having oversight of the delivery of our wide range of support to the local community. We are also fortunate in having a very engaged and dynamic staff team.
## **Review of activities and achievements**
This year marked 10 years for Abbey People and once again, we’ve had a busy year. The cost-of-living crisis has meant that demand has been increasing – with nearly 20,000 instances of support or engagement across all our projects. We also had more than 2,800 total volunteer hours across the organisation. Throughout the year the team worked hard to improve our governance and project management systems, improving the information available to Trustees, partners and grant funders about our work. The year also saw an improvement in our financial outlook, with success in fundraising, corporate partnerships and grant funding meaning the charity is in a secure financial position despite the rising demand on our services.
2
## **ABBEY PEOPLE CIO**
## **TRUSTEES' REPORT**
## **For the year ended 31 March 2023**
Across the year we’ve been delivering our services according to our charity strategy, with work focusing on four key areas: Helping Each Other, Vibrant Community, Supporting the Next Generation, Sustainable Environment.
## **Impact**
Our Impact Report gives a great picture of the wide range of support we are now able to provide. A brief summary follows:
With the increasing need in our area this year, the **Helping Each Other** thread of our work was busier than ever.
We delivered three **Food Hub** Sessions per week with a total of 85 sessions across the year. Through the Food Hub, people accessed support organisations such as Citizens Advice and Cambridge Water on a regular basis. _“When I can make it, helps with our food bills and thus reduces financial worries a bit. Those days we can get to the food hub are better than average days”_
69% of respondents to our annual survey told us that they eat a more healthy, balanced diet thanks to the food they pick up at the Food Hub.
We have provided twice-weekly drop-ins to support people in need for a total of 93 sessions at The Hub, with a worker who supports adults and families with more complex needs to be signposted to appropriate partners organisations. “The support and advice has made me feel a lot more comfortable”.
> Developing a **vibrant community** in Abbey has always been at the heart of our work, and this has continued this year. Our seasonal community events were successful, from our Spring Plant Swap, and The Big Lunch to the Autumn event with Co-Farm Cambridge. Our Winter Festival was also a success. All in, the seasonal events were a great way to help the community connect with each other and create some fun things to do in our area.
The summer trip returned with a successful trip to Great Yarmouth. Our **community coffee morning** continues to be a key place for new people to engage with our activities, and to help people develop friendships locally.
> Bookings at the **East Barnwell Community Centre** are starting to recover after the Covid period, and we were pleased to see groups return to weekly and party bookings.
> Our **Supporting the Next Generation** thread has expanded with a successful partnership bid to the National Lottery Reaching Communities Fund. Our project working with Kings Hedges Family Support Project, Abbey Together started in January 2023.
This year marks ten years of running **youth clubs in Abbey!** A new corporate partnership with Ninja Theory has meant we’ve been able to expand our youth programme. The Coder Dojo is another great example of a successful corporate partnership, with funding and volunteers from Amazon In the Community making the project possible.
> The **coffee truck** programme, Barnwell Baristas has had another successful year, with two more young people graduating and going on to get permanent employment. This year also saw us taking up a pitch at the Cambridge United Abbey Stadium for home matches, as part of their ‘Kids Zone’.
3
**ABBEY PEOPLE CIO**
## **TRUSTEES' REPORT**
## **For the year ended 31 March 2023**
Our work on building a **Sustainable Environment** continued to grow this year. The Fox Den Allotment group is going strong, And the **Barnwell Verge project** completed phase 1, with community co-design workshops, school workshops and consultation activities. We expect Phase 2, with the installation of the garden and artwork to take place from Autumn 2023 – Summer 2025. Our Pebble Fund project for **Coldham’s Brook** completed in spring this year.
We co-hosted our first **Repair Café** in early 2023, working together with the Cambridge Museum of Technology and Cambridge Carbon Footprint.
We’re pleased that a successful bid to the **National Lottery Climate Action Fund** , working with **Cambridge Past Present and Future** and other partners will continue to develop this work through into 2025.
> **Volunteering** continues to be a key part of our work, with more than 2800 volunteer hours across the organisation and 30+ new volunteers engaged across the year. It is safe to say that we would never be able to deliver the range of services we do without the help of the many volunteers involved – thank you!
People regularly tell us how important the work we do is for them.
## _**36.6% of our annual survey respondents said that their involvement in Abbey People has improved their health and wellbeing.**_
## _**61% of our annual survey respondents said that they’ve made new friends through being involved in Abbey People.**_
> Our Net Promoter Score (how likely someone is to recommend us to a friend) is **53 which means we are doing very well!**
As noted above, following on from our new charity strategy and the larger proportion of our work focusing on alleviating poverty, the trustees applied to the Charity Commission to amend our objects to better reflect our work, and also amend our working area to allow us to meet the changing needs of the area due to building developments.
We couldn’t do the work we do without the help of the many donors, funders, corporate supporters, and partners organisations that are involved across our work. Thank you!
We couldn’t do the work we do without the help of the many donors, funders, corporate supporters, and partners organisations that are involved across our work. Thank you!
## **Public benefit**
When planning our activities for the year, the Trustees have considered the Charity Commission’s guidance on public benefit.
4
**ABBEY PEOPLE CIO**
## **TRUSTEES' REPORT**
## **For the year ended 31 March 2023**
## **Financial review**
As noted above the charity has changed significantly in the year, with more varied income supporting a greater range of work, and enabling us to recruit much-needed staff. The accounts reflect the welcome increasing ongoing income and activity. In addition we received the final instalment of the legacy funding from the closing of the East Barnwell Community Centre that has, as before, been designated to go towards assisitng in funding the community centre it is proposed be built by the Council.
The Trustees review our reserves policy regularly, and as the charity has grown, have reviewed to ensure target reserves meet the need of the charity now and in the future. In reaching our target reserves amount of approximately £95,000, the Trustees have reviewed projected three-month’s turnover for the next year, as well as projected winding up costs. At £70,981 (2022 £35,315) the "free reserves" at 31st March 2023 we are getting closer to our target minimum level. We have had more fundraising success since the year-end, and can begin to look forward to 2024/2025 with more confidence.
The reserves at the year-end separate the designated Community Centre and fixed asset funds of £93,524 (2022 £77,540) from the "free reserves".
At the year-end the charity also had forward funding balances in the restricted fund of £83,720 (2022 £40,788).
## **Statement of Trustees' responsibilities**
Charity law applicable to charities in England/Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Trustees have:
selected suitable accounting policies and applied them consistently,
made judgements and estimates that are reasonable and prudent,
stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).
The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
## **Independent examiner**
The Charity's independent examiner, Geoff Mann FCIE, has indicated his willingness to continue in office and offers himself for re-appointment.
This report was approved by the Trustees on 21 September 2023 and signed on their behalf by:
## **James Pilgrim**
Chair
5
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABBEY PEOPLE CIO**
I report to the charity trustees on my examination of the accounts of Abbey People CIO for the year ended 31 March 2023 which are set out on pages 7 to 14.
This report is made solely to the Trustees, as a body, in accordance with regulations made under section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the Trustees matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Trustees for my independent examination work, for this report, or for the statement I have given below.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2.
- the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Geoff Mann FCIE**
Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ Date: 7 November 2023
6
**ABBEY PEOPLE CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) For the year ended 31 March 2023**
|**Unrestricted**
**Funds**
**Notes**
**2023**
**£**
**INCOMING RESOURCES**
Donations
**26,002**
Individual donations
**-**
Corporate Donations
**17,440**
Other grants
**1,779**
Gift Aid
**2,435**
Trusts
**11,762**
Charitable trading
3
**37,403**
National Lottery
**-**
Cambridge City Council
**2**
**-**
Cambridgeshire County Council
**2**
**-**
NHS ICS Programme
**-**
Interest Received
**698**
**1,118**
**INCOMING RESOURCES**
**excluding Covid and EBC asset transfer**
**98,637**
East Barnwell Centre transfer
**12**
**20,559**
**TOTAL INCOMING RESOURCES**
**119,196**
**RESOURCES EXPENDED**
Community facilities and activities
4
**17,295**
People costs
**5**
**42,385**
Publicity & fundraisnig
**419**
Office costs
**2,047**
Depreciation
**2,245**
Other Overheads
7
**3,155**
**TOTAL RESOURCES EXPENDED**
**67,546**
**NET MOVEMENT IN FUNDS**
**51,650**
**RECONCILIATION OF FUNDS:**
TOTAL FUNDS BROUGHT FORWARD
_112,855_
**TOTAL FUNDS CARRIED FORWARD**
**164,505**
**£ **
Other incoming resources|**Unrestricted**
**Funds**
**Notes**
**2023**
**£**
**INCOMING RESOURCES**
Donations
**26,002**
Individual donations
**-**
Corporate Donations
**17,440**
Other grants
**1,779**
Gift Aid
**2,435**
Trusts
**11,762**
Charitable trading
3
**37,403**
National Lottery
**-**
Cambridge City Council
**2**
**-**
Cambridgeshire County Council
**2**
**-**
NHS ICS Programme
**-**
Interest Received
**698**
**1,118**
**INCOMING RESOURCES**
**excluding Covid and EBC asset transfer**
**98,637**
East Barnwell Centre transfer
**12**
**20,559**
**TOTAL INCOMING RESOURCES**
**119,196**
**RESOURCES EXPENDED**
Community facilities and activities
4
**17,295**
People costs
**5**
**42,385**
Publicity & fundraisnig
**419**
Office costs
**2,047**
Depreciation
**2,245**
Other Overheads
7
**3,155**
**TOTAL RESOURCES EXPENDED**
**67,546**
**NET MOVEMENT IN FUNDS**
**51,650**
**RECONCILIATION OF FUNDS:**
TOTAL FUNDS BROUGHT FORWARD
_112,855_
**TOTAL FUNDS CARRIED FORWARD**
**164,505**
**£ **
Other incoming resources|**Restricted**
**Funds**
**2023**
**£**
**3,670**
**26,500**
**84,157**
**53,104**
**22,090**
**5,616**
**5,000**|**Total**
**Funds**
**2023**
**£**
**29,672**
**43,940**
**1,779**
**2,435**
**95,919**
**37,403**
**53,104**
**22,090**
**5,616**
**5,000**
**698**
**1,118**|_Total_
_Funds_
_2022_
_£_
_16,193_
_-_
_15,733_
**3,341**
_712_
_51,324_
_33,119_
_-_
_38,764_
_35,579_
_10,614_
_19_
_-_|
|---|---|---|---|---|
||**98,637**
**20,559**|**200,137**
**-**|**298,774**
**20,559**|_205,398_
_-_|
||**119,196**|**200,137**|**319,333**|_205,398_|
|||**63,759**
**83,298**
**583**
**1,505**
**3,126**
**4,934**|**81,054**
**125,683**
**1,002**
**3,552**
**5,371**
**8,089**|_40,694_
_128,545_
1,776
_6,090_
_5,985_
_7,192_|
||**67,546**|**157,205**|**224,751**|_190,282_|
||**51,650**|**42,932**|**94,582**|_15,116_|
||_112,855_|_40,788_|_153,643_|_138,527_|
||**164,505**
**£ **|**83,720**
**£ **|**248,225**
**£ **|_153,643_
_£ _|
The CIO took over the assets and operation of East Barnwell Community Centre in November 2020 Extraordinary income related to community response to the pandemic is shown separately within the 2022/23 & 2020/21 accounts as this is unlikely to recur.
7
**ABBEY PEOPLE CIO**
## **BALANCE SHEET As at 31 March 2023**
|**Notes**
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank and in hand
**CREDITORS: amounts falling due within**
**one year**
10
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**FUNDS**
**Restricted funds**
12
**Unrestricted funds**
Designated funds
12
General fund
12|**2023**
**£**
**£**
**3,661**
**44,161**
**206,188**
**250,349**
**(5,785)**
**244,564**
**248,225**
**£ **
**83,720**
**93,524**
**70,981**
**248,225**
**£ **|_£_
_5,154_
_160,637_|_2022_
_£_
_8,236_
_145,407_|
|---|---|---|---|
|||_165,791_
_(20,384)_||
|||||
||||_153,643_
_£ _|
||||_40,788_
_77,540_
_35,315_|
||||_153,643_
_£ _|
The financial statements were approved by the Trustees on 21 September 2023 and signed on their behalf by:-
JAMES PILGRIM, Chair
PETER GOTHAM, Secretary
The annexed notes form part of these financial statements
8
**ABBEY PEOPLE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
**For the year ended 31 March 2023**
## **1. ACCOUNTING POLICIES**
## _**a. General information and basis of preparation of financial statements**_
Abbey People CIO is a charitable incorporated association, established in the United Kingdom. The nature of the charity's operations and principal activities are described in the Trustees' report.
The charity constitutes a public benefit entity as defined by the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) published in October 2019 (SORP 2019), FRS 102, the Charities Act 2011, and UK Generally Accepted Practice as it applies from 1 January 2019.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## _**b. Fund accounting**_
Unrestricted funds which have not been designated for other purposes are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
## _**c. Income recognition**_
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
No amount is included in the financial statements for volunteer time in line with the SORP 2016. Further detail is given in the Trustees' Annual Report.
## _**d. Expenditure recognition**_
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
## _**e. Tangible fixed assets**_
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Computers and IT - 3 years
Office and Other Equipment - 3-5 years Vehicles - 4 years
9
**ABBEY PEOPLE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **For the year ended 31 March 2023**
## _**f. Investments**_
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains/(losses) on investments' in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably.
## _**g. Debtors and creditors receivable / payable within one year**_
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## _**h. Going concern**_
The financial statements have been prepared on a going concern basis. The trustees set a minimum reserves policy designed to ensure the charity can meet all obligations as they fall due, and have sufficient time to respond to any reductions in income to allow costs to be reduced and continue as a going concern.
Reserves remain above the minimum target level.
- _**i. Judgements and key sources of estimation uncertainty**_
The Trustees do not believe that any significant judgements or estimates have been needed in compiling these financial statements
## **2. CAMBRIDGE AUTHORITY GRANTS**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
Cambridge City Council
**-**
**22,090**
Cambridgeshire County Council
**-**
**5,616**
**Nil**
**£**
**27,706**
**£ **
**3.**
**CHARITABLE TRADING INCOME**
East Barnwell Community Centre room hire
Merchandise
Event Income
**4.**
**COMMUNITY FACILITY COSTS - excluding overheads & wage costs**
The Hub costs
Community Centre
Events & activities
(including foodhub)|**Total**
**Funds**
**2023**
**£**
**22,090**
**5,616**
**27,706**
**£ **
**2023**
**£**
32,383
1,530
3,490
37,403
£
**2023**
**£**
17,519
7,030
56,505
81,054
£|_Total_
_Funds_
_2022_
_£_
_38,764_
_35,579_|
|---|---|---|
|||_74,343_
_£ _|
|||_2022_
_£_
_31,129_
_0_
_1,990_|
|||_33,119_
_£ _|
|||**2022**
**£**
15,053
4,591
21,050|
|||40,694
£|
10
**ABBEY PEOPLE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
**For the year ended 31 March 2023**
|**5.**
**STAFF AND VOLUNTEERS**
Wages and salaries
Social security costs
Pension costs
Other employee costs|**2023**
**£**
**110,924**
**8,516**
**2,731**
**3,512**
**125,683**
**£ **|_2022_
_£_
_115,017_
_9,565_
_2,185_
_1,778_|
|---|---|---|
|||_128,545_
_£ _|
The Charity operates a defined contribution pension scheme in compliance with auto-enrolment obligations. The contributions to this scheme recognised as an expense in the SOFA are the pension costs shown above.
No employee received remuneration in excess of £60,000
Average numbers of full-time equivalent staff employed **4.6** _4.3_
## **6. TRUSTEES, KEY MANAGEMENT PERSONNEL AND RELATED PARTIES**
|**732**
**£ **
_Nil_
_£_
**1**
_1_
3 trustees (2022: 3) made donations to the Charity
The trustees have identified Chief Executive Officer Nicky Shepard as keymanagementpersonnel.
No trustees were remunerated by the charity for their work. Reimbursed
reasonable expenses incurred in carrying out their duties for the Charity
were as follows - travel costs:
Number of trustees with expenses reimbursed|**732**
**£ **
_Nil_
_£_
**1**
_1_
3 trustees (2022: 3) made donations to the Charity
The trustees have identified Chief Executive Officer Nicky Shepard as keymanagementpersonnel.
No trustees were remunerated by the charity for their work. Reimbursed
reasonable expenses incurred in carrying out their duties for the Charity
were as follows - travel costs:
Number of trustees with expenses reimbursed|**732**
**£ **
_Nil_
_£_
**1**
_1_
3 trustees (2022: 3) made donations to the Charity
The trustees have identified Chief Executive Officer Nicky Shepard as keymanagementpersonnel.
No trustees were remunerated by the charity for their work. Reimbursed
reasonable expenses incurred in carrying out their duties for the Charity
were as follows - travel costs:
Number of trustees with expenses reimbursed|
|---|---|---|
||**732**
**£ **|_Nil_
_£_|
||**1**||
|||_1_|
||||
There were no related party transactions in the year that required disclosure.
## **7. OTHER COSTS**
|**OTHER COSTS**
Bank Charges
Computing & IT
insurance
Professional Services
Telephone
Examiner fees
Sundry costs|**2023**
**£**
**73**
**2,185**
**2,750**
**338**
**1,484**
**376**
**883**
**8,089**
**£ **|**2022**
**£**
_-_
_3,636_
_3,196_
_-_
_-_
_360_
_-_|
|---|---|---|
|||7,192
£|
11
**ABBEY PEOPLE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **For the year ended 31 March 2023**
|**8.**
**FIXED ASSETS**
**Cost**
At 1 April 2022
Additions
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
Added - fully depreciated
At 31 March 2023
**Net book value**
At 31 March 2022
At 31 March 2023|Hub refurb,
Container, &
general
equipment
**15,645**
**-**
**15,645**
**13,014**
**2,631**
**15,645**
_2,631_
_£ _
**Nil**
**£**|Coffee Truck
6,200
**-**
**6,200**
1,550
**1,550**
-
**3,100**
_4,650_
_£ _
**3,100**
**£ **|IT equipment
**4,811**
**796**
**5,607**
**3,856**
**1,190**
**-**
**5,046**
_955_
_£ _
**561**
**£ **|**2023**
**Total**
**£**
**26,656**
**796**
**27,452**
**18,420**
**5,371**
**-**
**23,791**
_8,236_
_£ _
**3,661**
**£ **|_2022_
_Total_
_£_
24,656
2,000|
|---|---|---|---|---|---|
||||||_26,656_|
||||||10,435
5,985
2,000|
||||||_18,420_|
|||||||
The laptops donated by FormTheFuture were fully depreciated when received..
|**9.**
**DEBTORS**
**Due within one year**
Trade debtors
EBCA legacy receivable
Sundry prepayments and debtors
Other debtors - Gift Aid claims receivable
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accounts Payable
Social Security liabilities
Pension due
Income in advance|**2023**
**£**
**3,707**
**38,973**
**594**
**887**
**44,161**
**£ **
**2023**
**£**
**1,794**
**3,345**
**646**
**-**
**5,785**
**£ **|_2022_
_£_
_3,088_
_-_
_1,354_
_712_|
|---|---|---|
|||**5,154**
**£ **|
|||_2022_
_£_
_184_
_-_
_-_
_20,200_|
|||_20,384_
_£ _|
12
**ABBEY PEOPLE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **For the year ended 31 March 2023**
## **11. ANNUAL COMMITMENTS UNDER OPERATING LEASES**
||||||
|---|---|---|---|---|
|**ANNUAL COMMITMENTS UNDER OPERATING LEASES**||**2023**||_2022_|
|||**£**||_£_|
|||Land and|buildings||
|Gross obligations payable within:|||||
|One year||**-**||_8,253_|
|Total|**£**|**Nil**
|_£ _|_8,253_|
|At date of signing the accounts a replacement lease to the Hub has|not been|agreed.|||
## **12. STATEMENT OF FUNDS**
|**STATEMENT OF FUNDS**||||||
|---|---|---|---|---|---|
|**_Current year_**
**DESIGNATED FUNDS**
East Barnwell fund
Fixed Assets Fund|**Brought**
**Forward**
**£**
**69,304**
**8,236**
**77,540**
**£ **|**Incoming**
**Resources**
**£**
**20,559**
**796**
**21,355**
**£ **|**Resources**
**Expended**
**£**
**-**
**(5,371)**
**(5,371)**
**£**|**Transfers**
**£**
**Nil**
**£**|**Carried**
**Forward**
**£**
**89,863**
**3,661**|
||||||**93,524**
**£ **|
The charity received assets on the dissolution of the East Barnwell Community Centre. The final sum due was agreed in July 2023. These have been set-aside to further the provision of community centre facilities in the area.
As fixed assets are not available to fund activity a designated fund has been set-up to reflect this.
## **RESTRICTED FUNDS**
|Staff costs
Cambridge City Council
Cambridgeshire County
Council
Cambridge Community
Foundation
South Cambs - Friendly
Bench
Police and Crime
Commissioner
National Lottery
Other Covid & Foodhub
Other family and youth
Other sustainability &
community cohesion
**Unrestricted funds**
Designated Funds
General fund
**Restricted fund**|**3,750**
**12,000**
**1,080**
**-**
**1,381**
**3,000**
**-**
**4,125**
**10,880**
**4,572**
**40,788**
**£ **
**Brought**
**Forward**
**£**
**77,540**
**35,315**
**112,855**
**40,788**
**-**
**153,643**
**£ **|**25,500**
**22,090**
**5,616**
**20,799**
**53,104**
**26,703**
**21,000**
**25,325**
**200,137**
**£ **
**Incoming**
**Resources**
**£**
**21,355**
**97,841**
**119,196**
**200,137**
**-**
**319,333**
**£ **|**(16,875)**
**(31,390)**
**(5,796)**
**(12,800)**
**(1,381)**
**(1,000)**
**(27,594)**
**(19,662)**
**(22,380)**
**(18,327)**
**(157,205)**
**£**
**Resources**
**Expended**
**£**
**(5,371)**
**(62,175)**
**(67,546)**
**(157,205)**
**-**
**(224,751)**
**£**|**Nil**
**£**
**Transfers**
**£**
**-**
**-**
**-**
**-**
**-**
**Nil**
**£**|**12,375**
**2,700**
**900**
**7,999**
**-**
**2,000**
**25,510**
**11,166**
**9,500**
**11,570**|
|---|---|---|---|---|---|
||||||**83,720**
**£ **|
||||||**Carried**
**Forward**
**£**
**93,524**
**70,981**|
||||||**164,505**
**83,720**|
||||||**248,225**
**£ **|
13
**ABBEY PEOPLE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
**For the year ended 31 March 2023**
|**_Prior year_**
_Designated Funds_
_General fund_
_Restricted fund_|_Brought_
_Forward_
_£_
_83,525_
_15,036_
_98,561_
_39,966_
_138,527_
_£ _|_Incoming_
_Resources_
_£_
_-_
85,834
85,834
_119,564_
_205,398_
_£ _|_Resources_
_Expended_
_£_
_(5,985)_
_(65,555)_
_(29,624)_
_(118,742)_
_(190,282)_
_£_|_Transfers_
_£_
_-_
_-_
_-_
_-_
_Nil_
_£_|_Carried_
_Forward_
_£_
_77,540_
_35,315_|
|---|---|---|---|---|---|
||||||_112,855_
_40,788_|
||||||_153,643_
_£ _|
## **13. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
The Restricted fund is represented entirely by the cash at bank; the Unrestricted fund is represented by all other assets and liabilities.
**14.**
14