| Pages | ||
|---|---|---|
| Trustees' Annual Report |
1to 3 | |
| Independent Examiner's |
Report | |
| Statement of Financial Activities | ||
| Balance Sheet | ||
| Statement ofCash flows |
||
| Notes to the Accounts | 8to 16 | |
| Detailed Statement of Financial Activities | 17to 19 |
| for the year ended 31March | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Notes | E | E | E | E | |
| Income and endowments | |||||
| from: | |||||
| Donations and legacies | 5,627 | 71,040 | 76,667 | 45,635 | |
| Charitable activities |
68,611 | 8,000 | 76,611 | 72,308 | |
| Other trading activities | 19,468 | 19,468 | 2,881 | ||
| Other | 620 | 620 | 14,616 | ||
| Total | 94,326 | 79,040 | 173,366 | 135,440 | |
| Expenditure on: |
|||||
| Raising funds | 8 | 6,918 | 6,918 | 5,106 | |
| Charitable activities |
9 | 61,976 | 32,344 | 94,320 | 49,821 |
| Other | 10 | 61,554 | 13,294 | 74,848 | 62,986 |
| Total | 130,448 | 45,638 | 176,086 | 117,913 | |
| Net gains on investments | |||||
| Net (expenditure)/income | (36,122) | 33,402 | (2,720) | 17,527 | |
| Transfers between funds |
|||||
| Net (expenditure)/income before other gains/(losses) |
(36,122) | 33,402 | (2,720) | 17,527 | |
| Other gains and losses | |||||
| Net movement in funds |
(36,122) | 33,402 | (2,720) | 17,527 | |
| Reconciliation offunds: | |||||
| Total funds brought forward | 74,798 | 74,798 | 57,271 | ||
| Total funds carried forward | 38,676 | 33,402 | 72,078 | 74,798 |
| at 31March 202 | 3 | 3 | 3 | |||
|---|---|---|---|---|---|---|
| Company No. |
08604585 | Notes | 2023 | 2022 | ||
| f | 6 | |||||
| Fixed assets | ||||||
| Tangible assets | 13 | 4,353 | 14,002 | |||
| 4,353 | 14,002 | |||||
| Current assets | ||||||
| Stocks | 14 | 575 | 871 | |||
| Debtors | 15 | 25,632 | 26,021 | |||
| Cash at bank and | in hand | 54,045 | 43,104 | |||
| 80,252 | 69,996 | |||||
| Creditors: Amount | falling due within one year | 16 | (12,527) | (9,200) | ||
| Net current assets | 67,725 | 60,796 | ||||
| Total assets less | current liabilities | 72,078 | 74,798 | |||
| Net assets excluding | pension asset or liability | 72,078 | 74,798 | |||
| Total net assets | 72,078 | 74,798 | ||||
| The funds ofthe | charity | |||||
| Restricted funds | 17 | |||||
| Restricted income | funds | 33,402 | ||||
| 33,402 | ||||||
| Unrestricted funds |
17 | |||||
| General funds | 38,676 | 74,798 | ||||
| 38,676 | 74,798 | |||||
| Reserves | 17 | |||||
| Total funds | 72,078 | 74,798 |
| 2023 | 2022 | ||
|---|---|---|---|
| 6 | 6 | ||
| Cash flows from operating | activities | ||
| Net (expenditure)/income | per Statement ofFinancial Activities | (2,720) | 17,527 |
| Adjustments for: |
|||
| Depreciation of property, plant and equipment |
9,649 | 9,650 | |
| Dividends, interest and |
rents from investments | (620) | (14,616) |
| Other gains/losses | |||
| Decrease/(Increase) in |
stocks | 296 | (85) |
| Decrease/(increase) in |
trade and other receivables | 389 | (4,342) |
| Increase in trade and other payables |
3,326 | 4,592 | |
| Net cash provided by operating activities |
10,320 | 12,726 | |
| Cash flows from investing | activities | ||
| Dividends, interest and |
rents from investments | 620 | 14,616 |
| Net cash from investing activities |
620 | 2,003 | |
| Net cash from financing activities |
|||
| Net increase in cash and cash equivalents | 10,940 | 14,729 | |
| Cash and cash equivalents | at the beginning ofthe year | 43,104 | 28,377 |
| Cash and cash equivalents | atthe end ofthe year | 54,044 | 43,106 |
| Components ofcash and cash equivalents |
|||
| Cash and bank balances | 54,045 | 43,104 | |
| 54,045 | 43,104 |
| last year and no chan | last year and no chan | last year and no chan | last year and no chan | ges have been made to accounts for previous years. | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Fund accounting | ||||||||||
| Unrestricted | funds | These are available for use at the discretion ofthe trustees | in furtherance | of | the | |||||
| general objects ofthe charity. | ||||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular purposes. |
|||||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | ||||||
| restatement ofinvestment assets at their market values. |
||||||||||
| Restricted funds | These are available for use subject to restrictions imposed |
by the donor | or through | |||||||
| terms ofan appeal. | ||||||||||
| Income | ||||||||||
| Recognition | of | Income is included in the Statement of Financial Activities |
(SoFA) when the charity | |||||||
| income | becomes entitled to, and virtually certain to receive, the |
income and the | amount | of | ||||||
| the income can be measured with sufficient reliability. |
||||||||||
| Income with | related | Where income has related expenditure the income and |
related expenditure | is | ||||||
| expenditure | reported gross in the SoFA. |
|||||||||
| Donations | and | Voluntary income received by way of grants, donations |
and gifts is included | in | the | |||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | ||||||||
| entitlement to the income. |
||||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFA at the same time as the |
||||||||
| donations | and | gifts | gift/donation to which it relates. |
|||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
|||||||||
| and facilities | where the benefit to the Charity is reasonably quantifiable, |
measurable | and | |||||||
| material. | ||||||||||
| Volunteer | help | The value ofany volunteer help received is not included |
in the accounts. | |||||||
| Investment | income | This is included in the accounts when receivable. |
||||||||
| Gains/(fosses) | on | This includes any gain or loss resulting from revaluing investments to market |
value | |||||||
| revaluation | of | fixed | at the end ofthe year. | |||||||
| assets | ||||||||||
| Gains/(losses) | on | This includes any gain or loss on the sale ofinvestments. | ||||||||
| investment | assets |
| Unrestricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | Total funds | ||||||
| 2022 | 2022 | 2022 | ||||||
| Income and endowments | from: | |||||||
| Donations and |
legacies | 2,791 | 42,844 | 45,635 | ||||
| Charitable activities |
64,308 | 8,000 | 72,308 | |||||
| Other trading activities | 2,881 | 2,881 | ||||||
| Other | 14,616 | 14,616 | ||||||
| Total | 84,596 | 50,844 | 135,440 | |||||
| Expenditure on: |
||||||||
| Raising funds | 5,106 | 5,106 | ||||||
| Charitable activities |
23,847 | 25,974 | 49,821 | |||||
| Other | 50,486 | 12,500 | 62,986 | |||||
| Total | 79,439 | 38,474 | 117,913 | |||||
| Net | income | 5,157 | 12,370 | 17,527 | ||||
| Net income before gains/(losses) |
other | 5,157 | 12,370 | 17,527 | ||||
| Other gains and losses: | ||||||||
| Net | movement in funds |
5,157 | 12,370 | 17,527 | ||||
| Reconciliation offunds: | ||||||||
| Total funds brought | forward | 57,271 | 57,271 | |||||
| Total funds carried | forward | 62,428 | 12,370 | 74,798 | ||||
| 4 | Income from donations | and legacies | ||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2023 | 2022 | |||||||
| Town Council Management Grant |
10,000 | 10,000 | 12,501 | |||||
| Orchard Trust | 4,881 | 4,881 | ||||||
| Donations | 746 | 746 | 2,790 | |||||
| Other grants including culture |
HAZ | 61,040 | 61,040 | 30,344 | ||||
| 5,627 | 71,040 | 76,667 | 45,635 |
| 5 | Income fro | m | charitable activities | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| 2023 | 2022 | |||||||
| Events | 25,630 | 25,630 | 15,075 | |||||
| Cinema | 5,940 | 5,940 | 3,837 | |||||
| Youth | 8,000 | 8,000 | 8,000 | |||||
| Hall and room | hire | 37,041 | 37,041 | 45,396 | ||||
| 68,611 | 8,000 | 76,611 | 72,308 | |||||
| 6 | Income from | other trading activities | ||||||
| Unrestricted | Total | Total | ||||||
| 2023 | 2022 | |||||||
| Rental income | Unit 14 | 11,403 | 11,403 | |||||
| Cafe Bar | 5,507 | 5,507 | 2,881 | |||||
| Adhoc Events | 2,558 | 2,558 | ||||||
| 19,468 | 19,468 | 2,881 | ||||||
| 7 | Other income | |||||||
| Unrestricted | Total | Total | ||||||
| 2023 | 2022 | |||||||
| GRS | 3,866 | |||||||
| BANES support | grant | 10,750 | ||||||
| Sale ofitems | 620 | 620 | ||||||
| 620 | 620 | 14,616 | ||||||
| 8 | Expenditure | on raising funds | ||||||
| Unrestricted | Total | Total | ||||||
| 2023 | 2022 | |||||||
| Fundraising | trading costs | |||||||
| Midsomer Fayre Quiz |
Norton Town | 1,461 | 1,461 | 516 | ||||
| Cafe Bar | 3,647 | 3,647 | 2,314 | |||||
| Adhoc Events | 1,810 | 1,810 | 2,276 | |||||
| 6,918 | 6,918 | 5,106 |
| 9 | Expenditure on charita |
ble | activities | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| 2023 | 2022 | ||||||
| Expenditure on charitable |
|||||||
| activities | |||||||
| Events | 30,858 | 24,344 | 55,202 | 23,005 | |||
| Cinema | 8,032 | 8,032 | 4,831 | ||||
| Youth | 8,000 | 8,000 | 8,000 | ||||
| Hall and room hire | 23,086 | 23,086 | 13,985 | ||||
| 61,976 | 32,344 | 94,320 | 49,821 | ||||
| 10 | Other expenditure | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| 2023 | 2022 | ||||||
| Employee costs | 16,814 | 10,000 | 26,814 | 24,248 | |||
| Motor and travel costs | |||||||
| Premises costs | 8,524 | 3,294 | 11,818 | 4,869 | |||
| Depreciation and profit/loss |
9,649 | 9,649 | 9,650 | ||||
| on disposal offixed assets | |||||||
| General administrative | costs | 15,762 | 15,762 | 15,114 | |||
| Legal and professional | costs | 10,805 | 10,805 | 9,098 | |||
| 61,554 | 13,294 | 74,848 | 62,986 | ||||
| 11 | Net (expenditure)/income | before | |||||
| transfers | |||||||
| 2023 | 2022 | ||||||
| This is stated after charging: | E | E | |||||
| Depreciation ofowned | fixed assets | 9,649 | 9,650 | ||||
| 12 | Staff costs | ||||||
| 2023 | 2022 | ||||||
| Salaries and wages | 26,000 | 24,248 | |||||
| Pension costs | 814 | ||||||
| 26,814 | 24,248 |
| 13 | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Fixtures, | |||||
| Cinema | |||||
| Fittings & Equipment |
equipment | Total | |||
| E | |||||
| Cost or revaluation | |||||
| At 1April 2022 | 16,519 | 33,119 | 49,638 | ||
| At 31March 2023 | 16,519 | 33,119 | 49,638 | ||
| Depreciation and |
|||||
| impairment | |||||
| At 1April 2022 | 8,036 | 27,600 | 35,636 | ||
| Depreciation charge for |
the | 4,130 | 5,519 | 9,649 | |
| year | |||||
| At 31March 2023 | 12,166 | 33,119 | 45,285 | ||
| Net book values | |||||
| At 31March 2023 | 4,353 | 4,353 | |||
| At 31March 2022 | 8,483 | 5,519 | 14,002 | ||
| 14 | Stocks | ||||
| 2023 | 2022 | ||||
| f | E | ||||
| Finished goods | 575 | 871 | |||
| 575 | 871 | ||||
| Carrying value analysed | by activities | 2023 | 2022 | ||
| E | f | ||||
| Events | 575 | 871 | |||
| 575 | 871 | ||||
| 15 | Debtors | ||||
| 2023 | 2022 | ||||
| E | E | ||||
| Trade debtors | 23,272 | 24,948 | |||
| Other debtors | 143 | ||||
| Prepayments and accrued income |
2,360 | 930 | |||
| 25,632 | 26,021 | ||||
| 16 | Creditors: | ||||
| amounts falling due within one year |
|||||
| 2023 | 2022 | ||||
| E | E | ||||
| Trade creditors | 10,810 | 8,100 | |||
| Other taxes and social security | 47 | 8 | |||
| Other creditors | 392 | ||||
| Accruals | 1,093 | 1,092 | |||
| Deferred income | 185 | ||||
| 12,527 | 9,200 |
| Incoming | ||||||
|---|---|---|---|---|---|---|
| resources | At 31 | |||||
| Resources | ||||||
| At 1April | (including other |
expended | March 2023 |
|||
| 2022 | gains/losses) | |||||
| 6 | ||||||
| Restricted funds: | ||||||
| Restricted income funds: | ||||||
| Community | Trust Grant | 10,000 | (10,000) | |||
| Youth Club | Grant | 8,000 | (8,000) | |||
| HAZ Culture | 34,018 | (13,617) | 20,401 | |||
| BIkNES Make | space | 20,572 | (13,207) | 7,365 | ||
| Warm spaces | 6,450 | (814) | 5,636 | |||
| Total | 79,040 | (45,638) | 33,402 | |||
| Unrestricted | funds: | |||||
| General funds | 74,798 | 94,326 | (130,448) | 38,676 | ||
| Total funds | 74,798 | 173,366 | (176,086) | 72,078 |
| 18 | Analysis ofnet | assets between funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Total | |||||
| funds | funds | ||||
| f | f | ||||
| Fixed assets | 4,353 | 4,353 | |||
| Net current assets | 34,323 | 33,402 | 67,725 | ||
| 38,676 | 33,402 | 72,078 | |||
| 19 | Reconciliation | ofnet debt | |||
| At 31 | |||||
| At 1Apdl | March | ||||
| 2022 | Cash flows | 2023 | |||
| f | f | f | |||
| Cash and cash | equivalents | 43,104 | 10,941 | 54,045 | |
| 43,104 | 10,941 | 54,045 | |||
| Net debt | 43,104 | 10,941 | 54,045 |