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2022-10-31-accounts

	Pacae
Contents
Reference and Administrative Details
Trustees' Annual Report	3-7
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet	10-11
Notes to the Financial Statements	12-22

							(As	(As
						2022	restated)	restated)	2021
				Unres-	Re-	Total	Unres-	Re-	Total
			Notes	tricted	stricted		tricted	stricted
								f.
Income
Grants and donations			2	252,869	9,878	262,747	133,028	25,268	158,296
Charitable activities			3	16,369		16,369	8,541		8,541
Other trading	activites			1,892		1,892
Other income:
Management	charge income			36,929		36,929
Total income				308,059	9,878	317,937	141,569	25,268	166,837
Expenditure
Raising funds				841		841	8,781		8,781
Charitable activities			4	252,594	9,878	262,472	157,640		157,640
Total expenditure				253,435	9,878	263,313	166,421		166,421
Net income I	(expenditure)
for the year before		transfers		54,624		54,624	(24,852)	25,268	416
Extraordinary	item		5				56,932		56,932
Transfers			12	25,268	(25,268)
Net movement	in funds			79,892	(25,268)	54,624	32,080	25,268	57,348
Reconciliation	offunds
Total funds brought		forward		93,140	25,268	118,408	61,060		61,060
Total funds carried		forward		173,032		173,032	93,140	25,268	118,408

								(As
								restated)
				Notes		2022		2021
Fixed assets
Tangible fixed		assets			2,788		4,281
Investments					1		1
						2,789		4,282
Current assets
Stock					18,503		27,679
Debtors				10	1,309		649
Cash at bank		and	in hand		158,725		112,432
					178,537		140,760
Creditors
Amounts falling due within one year					(8,294)		(26,634)
Net current assets						170,243		114,126
Net assets						173,032		118,408
Funds
Restricted funds				12				25,268
Unrestricted	funds
Designated	funds			12	156,473
Unresticted	funds			12	16,559		93,140
						173,032		93,140
Total charity	funds					173,032		118,408

Grants	and	donatio	s
								(As	(As
								restated)	restated)
					Unres-	Res-	Total	Unres-	Res-	Total
					tricted	tricted	2022	tricted	tricted	2021
Grant	income
Souter	Trust							2,784		2,784
John Collings Trust								5,000		5,000
Angus	Law	Memorial	Trust			9,878	9,878
Community		Foundation		for Ireland	8,155		8,155
Donations
Other donations					230,171		230,171	124,845	25,268	150,113
Gift aid					14,543		14,543	399	-	399
					252,869	9,878	262,747	133,028	25,268	158,296

		Unres-	Res-	Total	Unres-	Res-	Total
		tricted	tricted	2022	tricted	tricted	2021
			E				E
Events	income	16,369		16,369	8,541		8,541
		16,369		16,369	8,541		8,541

				Unres-	Res-	Total	Unres-	Res-	Total
				tricted	tricted	2022	tricted	tricted	2021
						F
Donations to	related charities			71,735		71,735	73,427		73,427
Other donations				5,111		5,111
School bag costs				57,101	9,878	66,979	23,431		23,431
Wages				73,568		73,568	33,463		33,463
Staff costs				2,758		2,758	78		78
Rent				2,400		2,400	2,400		2,400
Insurance				1,250		1,250	1,167		1,167
Admin costs				707		707	591		591
Printing, post,	stationery		etc	584		584	585		585
Web hosting							7,433		7,433
Sundry				344		344	78		78
Accounting software fee				323		323	174		174
Advertising and promotional				1,590		1,590	1,129		1,129
Subscriptions	and	memberships		1,369		1,369	643		643
Telephone 8	internet			1,042		1,042	300		300
Vehicle costs				5,956		5,956	1,446		1,446
Electricity				804		804	836		836
Office supplies				346		346	193		193
Other professional		services		18,993		18,993	6,910		6,910
Accountancy	fees			3,954		3,954	1,554		1,554
Bank charges				1,165		1,165	307		307
Depreciation				1,493		1,493	1,495		1,495
				252,594	9,878	262,472	157,640		157,640

		Unres-	Res-	Total	Unres-	Res-	Total
		tricted	tricted	2022	tricted	tricted	2021
				E	F
Cash less accrued income					39,929		39,929
Value ofstock					26,151		26,151
Assets at written	down value				5,776		5,776
Employee costs					(14,924)		(14,924)
					56,932	-	56,932

Wages and salaries
	2022	2021
Wages and salaries	65,693	34,510
Social security costs	6,278
Pension	1,597	817
	73,568	35,327

Net incoming	resources b	e	fore transfer	s
							2022	2021
							f
This is stated	after charging:
Depreciation							1,493	1,495
Accountants	remuneration	-	independent	examinaton		- current accountants	600
		- accountancy		fee	—current	accountants	2,160
		- other - previous			accountants		1,194	1,554

	Motor	Fixtures &
	Vehicles	fittings	Total
	F	F	F
Cost
As at 01.11.2021	5,160	616	5,776
Additions
As at 31.10.2022	5,160	616	5,776
Depreciation
As at 01.11.2021	1,290	205	1,495
Charge for year	1,290	203	1,493
As at 31.10.2022	2,580	408	2,988
Net book value
As at 31.10.2022	2,580	208	2,788
As at 01.11.2021	3,870	411	4,281

9 Investment											2022	2021
											f	f
Shares in subsidary		undertakings
hool in a Bag Trading		Ltd (company		number		12386360)was incorporated			on	6 January 2020 as a		wholly
ned subsidiary of School in a Bag.				The parent			charity	holds 100%ofthe	issued		share capital and	100%
the voting rights of	the subsidiary			trading		company.		The company was	dormant		until 31 October 2021
d began trading on	1	November 2021.The				summarised		results ofthe trading		subsidiary are given below:
											2022	2021
											f	Z
Turnover											160,425
Cost ofsales											(77,657)
Gross profit											82,768
Administrative expenses											(40,139)
Operating profit											42,629
Profit before taxation											42,629
Profit for the financial		year									42,629
Retained earnings	brought		forward
Retained earnings	carried		forward								42,629
The aggregate ofthe		assets, liabilities,			capital,		and reserves was:
Assets											44,091
Liabilities											(1,461)
Capital and reserves											42,630

										(As
										restated)
10	Debtors								2022	2021
	Trade debtors									250
	Other debtors								1,309	399
									1,309	649
										(As
11	Creditors- amounts				due in less that one year					restated)
									2022	2021
										f
	Trade creditors								3,443	5,536
	Accruals	and deferred				income			2,761	19,863
	Social security		and	other			taxes		1,771	962
	Other creditors								319	273
									8,294	26,634
	Deferred	income
									2022	2021
									E	E
	Deferred	income at		1	November			2021	19,863
	Released	from	previous years						(19,863)
	Resources deferred			in		the year				19,863
	Deferred	income at		31		October		2022		19,863

12	Statement	of Funds
					Balance		Expend-		Balance
					01.11.2021	Income	iture	Transfers	31.10.2022
								f
	Restricted	funds
	SchoolBag	Donations			19,364			(19,364)
	Afghan Appeal				5,904			(5,904)
	Angus Law	Memorial	Trust			9,878	(9,878)
	Total restricted funds				25,268	9,878	(9,878)	(25,268)
	Unrestricted funds
	General				93,140	277,586	(253,435)	(100,732)	16,559
	Designated	- Operational		reserve				126,000	126,000
	Designated	- Orchard	House			30,473			30,473
	Total unrestricted funds				93,140	308,059	(253,435)	25,268	173,032
	Total funds				118,408	317,937	(263,313)		173,032
	Statement	of Funds	- prior year			(As			(As restated]
					Balance	restated)	Expend-		Balance
					01.11.2020	Income	iture	Transfers	31.10.2021
	Restricted	funds
	SchoolBag	Donations				19,364			19,364
	Afghan Appeal					5,904			5,904
	Total restricted funds					25,268			25,268
	Unrestricted	funds
	General				61,060	198,501	(166,421)		93,140
	Total funds				61,060	223,769	(166,421)		118,408

Analysis of net assets betw	een funds
				(As	(As
				restated)	restated)
	Unres-	Res-	Total	Unres-	Res-	Total
	tricted	tricted	2022	tricted	tricted	2021
	f					F
Tangible assets	2,788		2,788	4,281		4,281
Investments	1		1	1		1
Net current assets	170,243		170,243	88,858	25,268	114,126
	173,032		173,032	93,140	25,268	118,408