## 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. Page 3 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. Page 4 ## **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: 1. (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. 2. 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. 3. (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. 4. Maximising the national, local, and anecdotal data and insight that relates directly to or can inform our Page 5 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 Page 6 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. Page 7 ## **Other References and Administrative Details** ## **Independent Auditor** Harrison Beale & Owen Limited, Highdown House, 11 Highdown Road, Leamington Spa, CV31 1XT Page 8 ## **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 Page 9 ## **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 Page 10 ## **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. Page 11 ## **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: - Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness; - Reviewing minutes of meetings of those charged with governance; and - 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. Page 12 ## **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 Page 13 ## **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 Page 14 ## **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 Page 15 ## **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 - (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 Page 16 ## **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| |---|---| Page 17 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**| |---|---|---| Page 18 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. Page 19 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| |---|---| Page 20 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**| Page 21 ## **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. Page 22 ## **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. Page 23 ## **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| |---|---|---| Page 24 ## **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| |||| Page 25 ## **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)**| |---|---| Page 26 ## **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. Page 27 ## **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| |---|---| Page 28 ## **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| |---|---| Page 29