REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
FOR
THINK ACTIVE CSW
Registered Charity Number:1193957 Registered Office: c/o 1 Mill Street. Leamington Spa, Warwickshire, CV31 1ES
| Table of Contents | |
|---|---|
| Summary Report | 3 |
| Introduction | 5 |
| Objectives and Activities | 5 |
| Structure, Governance and Management | 6 |
| Trustees Responsibilities | 7 |
| Team and Volunteers | 7 |
| Independent Examiners Report | 10 |
| Statement of Financial Activities | 14 |
| Cash flow statement | 17 |
| Note totheFinancial statement |
19 |
Summary Report
For the year ended 31 March 2023
Over the last 12 months Think Active developed and evolved as a Charity. We increased the team in line with our organisational structure. Once again, thanks and recognition to the work of the trustees whose leadership and expertise has been invaluable in bringing the aspirations of the Charity to life and in navigating new and exciting business opportunities. Thanks, and recognition to the Think Active team who have maintained our collaborative approach to work with and through partners, both new and existing, to maximise the impact and benefit to those people and communities we serve.
The health, sport and physical activity landscape in Coventry, Solihull, and Warwickshire has undergone significant transformations in response to the coming together of global challenges that hit local communities the hardest. These include the far-reaching impacts of climate change, the burgeoning cost of living crisis, the strain on the public sector and local government and persistent health and social inequalities.
Climate change has introduced a new set of considerations, with extreme weather events influencing outdoor activities, affecting the availability of sports facilities, and necessitating adaptive measures often at the expense of already strained local government budgets and voluntary run sports clubs. Our Environmentally Friendly and Climate Conscious Commitment can be found here.
Concurrently, the escalating cost of living crisis has imposed financial constraints on individuals and families, potentially altering access to sports facilities and participation in physical activities. This has not only both heightened and widened the gap between those who have the means and those who live complex lives and whose priorities do not include sport and physical activity. It is also affecting those individuals and families who have previously participated but whose disposable income, both perceived and actual has reduced and need to be used to cover the increase in prices of essential or higher prioritised goods and services.
Amid these challenges, persistent health and social inequalities continue to shape the landscape, influencing the distribution of resources, opportunities, and overall engagement in sports and physical well-being initiatives. Navigating this evolving terrain has required a nuanced understanding of these interconnected factors and a commitment to developing adaptive strategies that promote inclusivity, resilience, and sustainable access to sports and physical activities for all communities.
We are continually grateful for the long-term commitment by Sport England to the role of sport and physical activity through their Uniting the Movement strategy.
All of this has meant that we have had to be agile, embrace change, respond proactively and bravely to the challenges and opportunities along the way and maintain our focus on robust financial management and strong governance.
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Our #WeThinkActive strategy has set out how we have set out to deliver our objectives, and how we have created, and maximised opportunities for the fulfilment of our Charitable Objects and for our role as Sport England System Partner.
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Introduction
The Trustees, present their Trustees’ Report for Think Active CSW (Think Active), together with the financial statements, for the year ended 31 March 2023.
Think Active operates in accordance with its Constitution which was adopted by the Board of Trustees on 8 April 2021. The Charitable Independent Organisation was formally registered with the Charity Commission on 29 March 2021.
2022 – 23 has been a year of growth and development for Think Active as we have realized and maximized our status as a Charity with local partners. Please refer to the structure and governance page of this report for details of roles, role holders and vacancies.
Think Active operates from its registered office which is: c/o 1 Mill Street, Leamington Spa, Warwickshire, CV31 1ES.
The website address is: https://thinkactive.org
Objectives and Activities
Our objectives remain the same as in our original constitution.
Think Active’s objectives are for the benefit of the public:
- (a) an enhanced quality of life and sense of well-being through engagement with and participation in activities and events that bring people together, leading to improvements in physical and emotional well-being, quality of life and a more stable and cohesive community.
(b) increased opportunities to engage to maximise places (as facilities and places to be active) in new activities that bring people together, leading to increased physical activity and greater social cohesion and fulfilment.
(c) enhanced active citizenship and involvement in community life.
-
an enhanced quality of life and sense of well-being through engagement with and participation in activities and events that bring people together, leading to improvements in physical and emotional well-being, quality of life and a more stable and cohesive community.
-
(a) is the increased efficiency and effectiveness of the community and voluntary groups and organisations that use the facilities, resulting in enhanced outcomes and service delivery and, consequently, and improved quality of life for those who benefit from the work of these groups and organisations.
(b) Increased awareness, knowledge, and confidence around the benefits of physical activity and increasing the number of champions and advocates.
- Maximising the national, local, and anecdotal data and insight that relates directly to or can inform our
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charitable activity to support people to be more physically active and directly support our beneficiaries
The Trustees have had due regard to the Charity Commission’s public benefit guidance when reviewing and deciding what activities the charity should undertake. The trustees also state that no harm arose from the purposes, the beneficiaries are the general public and locally based community and voluntary organisations, and that no private benefit arises from these purposes.
Structure, Governance and Management
Think Active CSW’s governing document is a constitution and is available via the Charity Commission website.
Think Active CSW is a Charitable Incorporated Organisation.
The recruitment and selection method for trustees is through open recruitment. The Think Active CSW Board of Trustees assembles a nominations committee to formally review and interview and subject to a preferred candidate passing Charity Commission criteria, the Board of Trustees has final say. There are no methods for any person or external body to appoint to the Think Active CSW Board of Trustees. Trustees are selected based on having the necessary skills and expertise to contribute to the charity’s activities and to be able to discharge their
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obligations as Trustees. As at the date of signing this report the Think Active Trustees were as follows:
Day to day management is delegated by the Trustees to Vicky Joel, Chief Executive of Think Active CSW.
Trustees' responsibilities for reporting, accounting records and stewardship of assets
The Trustees are responsible for preparing the Trustees’ Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable independent organisation for that period. In preparing these financial statements, the Trustees are required to:
-
1) select suitable accounting policies and then apply them consistently.
-
2) observe the methods and principles in the Charities SORP.
-
3) make judgments and estimates that are reasonable and prudent.
-
4) state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
5) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Charities Commission requirements. They are responsible for safeguarding the of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
They are also responsible for the maintenance and integrity of Think Active’s financial information included on Think Active’s website.
Team and Volunteers
Instrumental to the delivery of Think Active’s objectives is a team of people. The security of Sport England’s System Partner funding has meant that most of the team are now on permanent contracts. Whilst the Think Active HQ is the coworking space at 1 Mill Street, Leamington, the team operate a blended way of working that involves, working from HQ, working from home and out and about to meet partners and stakeholders to meet the needs of the business.
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Other References and Administrative Details
Independent Auditor
Harrison Beale & Owen Limited, Highdown House, 11 Highdown Road, Leamington Spa, CV31 1XT
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Bankers
CAF Bank 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
By order of and on behalf of the Think Active Board of Trustees
Vicky Joel
Chief Executive, Think Active on behalf of the Board of Trustees.
15 January 2024
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THINK ACTIVE CSW
Opinion
We have audited the financial statements of Think Active CSW (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THINK ACTIVE CSW
included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
-
the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
-
the charitable company has not kept adequate accounting records; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THINK ACTIVE CSW
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness;
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Reviewing minutes of meetings of those charged with governance; and
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Enquiry of management to identify any instances of non-compliance with laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THINK ACTIVE CSW
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Harrison Beale & Owen Limited Chartered Accountants and Statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT
Date: 31 January 2024
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STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2023
| Notes INCOME AND ENDOWMENT FROM Charitable activities GENERAL 4 Other trading activities 2 Investment income 3 Total Income EXPENDITURE ON Charitable activities GENERAL 5 Other Total Expenditure NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ - - - - - - - - 400,812 400,812 |
Restricted fund £ 934,770 1,263 3,683 939,716 351,159 588,729 939,888 (172) 1,402 1,230 |
Year ended 31.03.2023 Period 29.03.2021 to 31.03.2022 Total Funds Total Funds £ £ 934,770 483,195 1,263 400,784 3,683 28 939,716 884,007 351,159 215,640 588,729 266,153 939,888 481,793 (172) 402,214 402,214 - 402,042 402,214 |
|---|---|---|---|
The notes form part of these financial statements
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STATEMENT OF FINANCIAL POSITION 31 March 2023
| Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Debtors 12 Cash at bank CREDITORS Amounts failing due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ - - 400,812 400,812 - 400,812 400,812 400,812 |
Restricted funds £ 3,080 181,261 324,078 505,339 (507,189) (1,850) 1,230 1,230 |
2023 2022 Total funds Total funds £ £ 3,080 1,741 181,261 10,162 724,890 578,963 906,151 589,125 (507,189) (188,652) 398,962 400,473 402,042 402,214 402,042 402,214 400,812 400,812 1,230 1,402 402,042 402,214 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The notes form part of these financial statements
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STATEMENT OF FINANCIAL POSITION - continued 31 March 2023
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.
The financial statements were approved by the Board of Trustees and authorised for issue on 15 January 2024 and were signed on its behalf by:
............................................. D Finney - Trustee
The notes form part of these financial statements
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STATEMENT OF CASH FLOWS for the year ended 31 March 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activitise Purchase of tangible fixed assets Interest received Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the begininnging of the reporting period Cash and cash equivalents at the end of the reporting period |
Year ended Period 29.03.2021 31.03.2023 to 31.03.2023 £ £ 144,178 580,834 144,178 580,834 (1,934) (1,899) 3,683 28 1,749 (1,871) 145,927 578,963 578,963 - 724,890 578,963 |
|---|---|
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continued...
NOTES TO THE STATEMENT OF CASH FLOWS for the year ended 31 March 2023
1 RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Adjustments for: Depreciation charges Interest received Increase in debtors Increase in creditors Net cash provided by operations Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) |
Period 29.03.2021 Year ended to 31.03.2023 31.03.2022 £ £ (172) 402,214 595 158 (3,683) (28) (171,099) (10,162) 318,537 188,652 144,178 580,834 |
|---|---|
2 ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank Total |
At 1.04.2022 578,963 578,963 |
Cash flow At 31.03.2023 145,927 724,890 145,927 724,890 |
|---|---|---|
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continued...
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2 OTHER TRADING ACTIVITIES
| Sales/services Other revenue |
Year ended Period 29.03.2021 31.03.2023 to 31.03.2022 £ £ 1,263 - - 400,784 1,263 400,784 |
|---|---|
3 INVESTMENT INCOME
| Deposit account interest | Period Year ended 29.03.2021 31.03.2023 to 31.03.2022 £ £ 3,683 28 |
|---|---|
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continued...
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
4 INCOME FROM CHARITABLE ACTIVITIES
| Actvity Project funding received General Opening school facility grant General |
Period Year ended 29.03.2021 31.03.2023 to 31.03.2022 £ £ 934,770 358,675 - 124,520 934,770 483,195 |
|---|---|
5 CHARITABLE ACTIVITIES COSTS
| Support | |||||
|---|---|---|---|---|---|
| Costs (see | |||||
| note 6) | |||||
| £ | |||||
| General | 351,159 | ||||
| **6 ** | SUPPORT COSTS | ||||
| Management | Finance | Other | Total | ||
| £ | £ | £ | £ | ||
| General | 21,059 | 72 | 330,028 | 351,159 |
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NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
7 NET INCOME/(EXPENDIUTRE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets | Period Year ended 29.03.2021 31.03.2023 to 31.03.2022 £ £ 595 158 |
|---|---|
8 TRUSTEES' REMUNERATION AND BENEFITS
One trustee received remunertion of £54,328 for the period ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the period ended 31 March 2022.
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NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
9 Staff Costs
| Wages and salaries Social security costs Other pension costs |
Period Year ended 29.03.2021 31.03.2023 to 31.03.2022 £ £ 225,553 151,307 16,829 10,330 18,252 15,541 260,634 177,178 |
|---|---|
The average monthly number of employees during the year was 7 (2022: 7)
No employees received emoluments in excess of £60,000.
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NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
10 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Charitable activities GENERAL Other trading activities Investment income Total Income EXPENDITURE ON Charitable activities GENERAL Other Total NET INCOME TOTAL FUNDS CARRIED FORWARDS |
Unrestricted Fund £ - 400,784 28 400,812 - - - 400,812 400,812 |
Restricted fund Total funds £ £ 483,195 483,195 - 400,784 - 28 483,195 884,007 215,640 215,640 266,153 266,153 481,793 481,793 1,402 402,214 1,402 402,214 |
|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
11 TANGIBLE FIXED ASSETS
| COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Computer equipment £ 1,899 1,934 |
|
|---|---|---|
| 3,833 | ||
| 158 595 |
||
| 753 | ||
| 3,080 | ||
| 1,741 | ||
| 12 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Grant Prepayments |
2023 £ 26,249 150,000 5,012 181,261 |
2022 £ 9,000 - 1,162 |
| 10,162 | ||
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NOTES TO THE FINANCIAL STATEMENTS – continued For the year ended 31 March 2023
13 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Trade creditors Social security and other taxes Other creditors Accruals and deferred income |
2023 £ 4,830 - 2,495 499,864 507,189 |
2022 £ 14,832 3,749 - 170,071 |
| 188,652 |
14 MOVEMENT IN FUNDS
| At 01.04.2022 £ Unrestricted funds General fund 400,812 Restricted funds Restricted funds 1,402 TOTAL FUNDS 402,214 Net Movement in funds, included in the above are as follows: Incoming resources £ Restricted funds Restricted funds 939,716 TOTAL FUNDS 939,716 |
Net Movement in funds At 31.03.2023 £ £ - 400,812 (172) 1,230 (172) 402,042 Resources Movement expended in funds £ £ (939,888) (172) (939,888) (172) |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
14 MOVEMENT IN FUND - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Restricted funds |
Net movement At in funds 31.03.2023 £ £ 400,812 400,812 1,402 1,402 402,214 402,214 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS |
Incoming resources £ 400,812 483,195 884,007 |
Resources Movement expended in funds £ £ - 400,812 (481,793) 1,402 (481,793) 402,214 |
|---|---|---|
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2023
| INCOME AND ENDOWMENTS Other trading activities Sales/services Other revenue Investment Income Deposit account interest Charitable activities Project funding received Opening school facility grant Total incoming resources EXPENDITURE Other Cost of delivering services Project delivery Opening school facility Primary role/delivery CYL/community Together fund expenditure |
Period 29.03.2021 Year ended to 31.03.2023 31.03.2022 £ £ 1,263 - - 400,784 1,263 400,784 3,683 28 934,770 358,675 - 124,520 934,770 483,195 939,716 884,007 588,371 25,932 36 774 - 87,094 - 19,500 322 40,064 - 92,789 588,729 266,153 |
|---|---|
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DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2023
| Support costs Management Advertising Finance Bank charges Other Wages Social security Pensions Insurance Telephone Postate and stationery Sundries Rent & rates Computer costs Subscriptions Travel & Subsistence Professional fees Meeting room hire Accountancy Computer equipment Total resources expended Net (expenditure)/income |
Period 29.03.2021 Year ended to 31.03.2023 31.03.2022 £ £ 21,059 - 72 56 225,553 151,307 16,829 10,330 18,252 15,541 1,067 1,299 2,763 1,637 225 119 12,869 569 15,011 11,303 10,132 3,289 6,042 3,780 960 471 8,800 12,954 3,084 821 7,846 2,006 595 158 330,028 215,584 939,888 481,793 (172) 402,214 |
|---|---|
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