Companies House No: 13154032 Charity Commission No: 1194880
## VICTORY INTERNATIONAL CHURCH UK
## THE OVERCOMERS
Report and Financial Statements
For the Year ended January 31, 2023
1
## VICTORY INTERNATIONAL CHURCH UK THE OVERCOMERS REPORT AND FINANCIAL STATEMENTS For The Year Ended January 31, 2023
|Contents Page|
|---|
|Legal and Administrative Information 3|
|Report of the Trustees 4|
|Independent Examiner's report 9|
|Statement of Financial Activities 11|
|Balance sheet 15|
|Cash flow Statement
16|
|Notes to the Accounts 17|
2
VICTORY INTERNATIONAL CHURCH UK THE OVERCOMERS REPORT AND FINANCIAL STATEMENTS For The Year Ended January 31, 2023
## LEGAL AND ADMINISTRATIVE INFORMATION
## Officers and Professional Advisers
Trustees
Mrs Omolara Fadoju Mr Sunday Arowojobe Ms Guehita Okunbor Pastor Michael Tunde
Registered Office Address 77 Coburg Road London N22 6UB
Bankers
Lloyds Bank PO Box 1000 Andover
Accountants
Fabek Associates and Co Ltd
32 Dewey Road Dagenham Essex RM10 8AR
Companies House No: 13154032 Charity Commission No: 1194880
3
## VICTORY INTERNATIONAL CHURCH UK THE OVERCOMERS REPORT AND FINANCIAL STATEMENTS For The Year Ended January 31, 2023
## Trustees Annual Report
The Trustees, for the purposes of the Charities Act 2011 as amended and Statement of Recommended Practice (SORP) 2005, submit their annual report and financial statements for the year ended 31 December, 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual report and financial statements of the Charity. The Charity is governed by a Memorandum and Articles of Association.
## PRINCIPAL OBJECTIVES & ACHIEVEMENTS
The company's principal activity during the year continued to be propagation and activities of Christian Religion. Victory International Church UK The Overcomers is a faith based organisation whose main aim is to provide an avenue where people can come together to practice their faith.
## OBJECTIVES AND ACTIVITIES
We have an open door policy and deliberately invite as many people as possible in the community to become part of our parish. We proactively approach members of the community to visit and experience any of our services. Our services are designed to make every visit a pleasant experience and thereby create an environment where attendees will practice their faith through the learning of the scriptures, worship with music and rendering of prayers.
In consonance with Charity Commission’s guidance on public benefit, apart from throwing our doors open to every member of the public, we have also designed inclusive programmes, whereby members of the community are encouraged to visit an have access to pastoral care. They are also able to take advantage of the opportunities provided to develop their faith in Jesus Christ.
## ACHIEVEMENTS AND PERFORMANCES
At the Overcomers parish, we offer a range of services during the week and hold special services in the course of the year.
JANUARY: We hold special services every day in the month of January when members are engaged in fasting and prayers during the day, but congregate in the evenings to pray together and share foods at the conclusion of the service.
APRIL: 3 Day activities for men only. During this programme, issues concerning marriage and skill developments are discussed. Resource persons are invited to teach on varying subjects. It also involves bible teaching and prayers.
4
AUGUST: 3 days of general Evangelism and outreach to the community in general. Themed London Power Summit, the programme attracts attendance from cities outside of London and beyond.
SEPTEMBER: The 3 days programme is specifically for women. Issues concerning marriage, motherhood and women in general are discussed. Resource persons who may add spiritual and other values to the meetings are specially invited.
OCTOBER: An annual event themed, Youth Hub is organised by the youths. They design creative concept to attract other youths in the community and encourage their peers on moral and faith issues.
NOVEMBER: It is the month of the anniversary of the establishment of the parish. It presents an opportunity to invite the community to celebrate with the parish and apart from the songs and dance, attendees are also provided with food packages.
## FOOD BANK
Every other Saturday, members of the community, as directed by the local Job Centre visits the church building to collect ready packed uncooked food items and other household items. The resources for this community targeted programme are generously provided by members through regular donations. We use this opportunity to appreciate all those involved.
## ADMINISTRATION
Staffing: We have only Mr Olumide Tibetan on the payroll as paid Assistant Pastor. All other activities are carried out by volunteers. We secured the services of a firm of solicitors, Peninsula UK, specialising in employment matters to advise us on our responsibilities as an employer on a one-year contract. The contract terminates at the end of year 2023.
The year in review has been eventful and impactful. We have made progress in our strategic objectives and we plan to do much more especially as it affects our community in the coming years.
## RISKS
The factors that may affect the Charity’s delivery of its objectives include:
- a) Reputation of Charity and the relationship with the community
- b) Ability to generate enough funds to successfully complete the identified projects for the charity
5
The Charity produces an annual plan for delivery against its objectives. This plan sets out the targets for the year and is then broken down to a work plan. The strategy also identifies targets and performance indicators.
## RESERVES POLICY
The Charity aims to build reserve which will enable it to meet its average annual operational need. The Trustees review the reserves held by the Charity on a regular basis to ensure that an appropriate level of funds are held to meet the above policy of the Charity going forward. Our current address is leased from Haringey Council and there are already suggestions that the lease may be ended before even the expiration of the recently renewed five-year term. Our objective is to save as much resources as possible to be used as a deposit, if we have an opportunity to purchase a property.
## GOVERNANCE AND INTERNAL CONTROL
A Board of Trustees governs the Charity. New Trustees are selected by the Board of Trustees and are subject to re-election every five years. At 31[st] January 2023, the Board had a membership of four people acting as trustees.
The Board meets three times a year to agree key policy decisions, set the strategy for the charity and oversee its performance. At present the Board has committee members who are responsible for the day to day activities of the charity. None of the committee members is being remunerated.
All Trustees receive the handbook for Trustees’ provided through the Charity Commission. Each Trustee will have an induction programme by other Trustees and receive an information pack on the Charity and its finances. Beyond this the Charity follows the code of practice for governance produced by the Governance Hub.
Company law requires the Trustees to prepare financial statements for each financial year, which comply with the Charities Act 2011 as amended
The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.
They include:
- A strategic plan and annual budget approved by the Trustees;
- Regular consideration by the Trustees of financial results, in particular variance from budget; and
- Delegation of authority and segregation of duties.
6
## STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).
The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period.
In preparing this financial statement, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in its activities.
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 its financial statements comply with the Charities Act 2011 as amended. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.
## DISCLOSURE OF INFORMATION TO EXAMINER
The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/ herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.
## EXAMINER
In line with the provision exemption in the Charities Act 2011 as amended, the trust decided to appoint an examiner, which will review the accounts for the year ended January 31, 2023. The Trustees have agreed that Mr Adekunle Fawunmi should continue to act as the charity’s independent examiner.
7
Approved by the Board of Trustees and signed on behalf of the Board on March 15, 2023
Trustee Pastor Michael Tunde Chair of the Trustees
8
VICTORY INTERNATIONAL CHURCH UK THE OVERCOMERS REPORT AND FINANCIAL STATEMENTS For The Year Ended January 31, 2023
Independent Examiner’s Report to the Trustees of Victory International Church UK The Overcomers.
We report on the accounts of the Trust for the year ended January 31 2023, which are set out on Pages 10 to 23.
## Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 2011 (the 1993 Act)) and that an independent examination is needed. It is our responsibility to:
- examine the accounts (under section 43(3)(a) of the 1993 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 43(7)(b) of the 1993 Act); and
- To state whether particular matters have come to our attention.
## Basis of independent examiner’s report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
## Independent examiner’s statement
In connection with our examination, no matter has come to our attention:
- (1) Which gives us reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 41 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act as amended.
Have not been met; or
(2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
9
Signed this 15th Day of March, 2023
Adekunle Fawunmi Fabek Associates and Co Ltd (Certified Chartered Accountants) 32 Dewey Road Dagenham Essex RM10 8AR
10
## VICTORY INTERNATIONAL CHURCH UK THE OVERCOMERS REPORT AND FINANCIAL STATEMENTS For The Year Ended January 31, 2023
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED JANUARY 31, 2023
|Income & Endowments from:
Donations & Legacies
3
Refunds
4
Total income
A
Expenditure on:
Charitable activities
5
Total expenditure
B
Net income for the year
Net income after transfers
A-B
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net movement in funds
Notes|Current year
Unrestricted
Funds
2023
£
76,479
-
76,479
60,702
60,702
15,777
15,777
15,777
48,719
64,496|Current year
Restricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-|Current year
Prior Year
Total
Funds
Total Funds
2023
2022
£
£
76,479
68,767
-
84
76,479
68,851
60,702
51,791
60,702
51,791
15,777
17,060
15,777
17,060
15,777
17,060
48,719
31,659
64,496
48,719|
|---|---|---|---|
All the prior year transactions were unrestricted items, and no further analysis is required All activities derive from continuing operations
11
|Prior Year
Unrestricted
Funds
2022
£
Income & Endowments from:
Donations & Legacies
68,767
Refunds
84
Total income
A
68,851
Expenditure on:
Charitable activities
51,791
Total expenditure
B
51,791
Net income for the year
A-B
17,060
17,060
Reconciliation of funds:-
E
Total funds brought forward
31,659
Total funds carried forward
48,719
All activities derive from continuing operations
Net movement in funds|Prior Year
Prior Year
Restricted
Funds
Total
Funds
2022
2022
£
£
-
68,767
-
-
84
-
68,851
-
51,791
-
51,791
-
17,060
-
17,060
-
31,659
-
48,719|
|---|---|
VICTORY INTERNATIONAL CHURCH UK THE OVERCOMERS - Resources applied in the year ended 31 January 2023 towards fixed assets for Charity use:-
|Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Net resources available to fund charitable activities|2023
2022
£
£
15,777
17,060
(3,862)
(8,515)
11,915
8,545|
|---|---|
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
12
Movements in revenue and capital funds for the year ended 31 January 2023
Revenue accumulated funds
|Unrestricted
Funds
2023
£
Accumulated funds brought forward
48,719
15,777
64,496
(From)/To unrestricted revenue funds
-
Closing revenue funds
64,496
Summary of funds
Unrestricted
and
Designated funds
2023
£
Revenue accumulated funds
64,496
Recognised gains and losses before
transfers|Restricted
Funds
2023
£
-
-
-
-
-
Restricted
Funds
2023
£
-|Total
Last year
Funds
Total Funds
2023
2022
£
£
48,719
-
15,777
17,060
64,496
17,060
-
31,659
64,496
48,719
Total
Last Year
Funds
Total Funds
2023
2022
£
£
64,496
48,719|
|---|---|---|
13
## VICTORY INTERNATIONAL CHURCH UK THE OVERCOMERS
Income and Expenditure Account for the year ended 31 January 2023 as required by the Companies Act 2006
|Income
Income from operations
Other operating income
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
All activities derive from continuing operations
Net income after tax in the financial year
Net income before tax in the financial year
Investment income|2023
2022
£
£
76,479
68,767
-
84
76,479
68,851
76,479
68,851
57,860
49,053
1,942
1,703
900
1,035
-
-
60,702
51,791
15,777
17,060
-
-
15,777
17,060
15,777
17,060|
|---|---|
14
VICTORY INTERNATIONAL CHURCH UK THE OVERCOMERS - Balance Sheet as at 31 January 2023
||Notes||2023||2022|
|---|---|---|---|---|---|
||||£||£|
|Fixed assets||||||
|Tangible assets|6||8,732||6,812|
|Current assets||||||
|Cash at bank and in hand|7|57,564||41,907||
|Creditors: amounts falling due||||||
|within one year|8|(1,800)||-||
|Net current assets|||55,764||41,907|
|The total net assets of the charity|||64,496||48,719|
|The total net assets of the charity|are funded by|the funds of the charity, as follows:-||||
|Unrestricted Revenue Funds|9|64,496||48,719||
||||64,496||48,719|
|Designated Funds||||||
|Total charity funds|||64,496||48,719|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
## Pastor Michael Tunde
Trustee
Approved by the board of trustees on 15 March 2023
15
VICTORY INTERNATIONAL CHURCH UK THE OVERCOMERS Cash Flow Statement for the year ended 31 January 2023
|VICTORY INTERNATIONAL CHURCH UK THE OVERCOMERS
Cash Flow Statement for the year ended 31 January 2023||
|---|---|
|2023
£
Cash flows from operating activities
A
19,519
Cash flows from investing activities
Purchase of property, plant and equipment
(3,862)
Overall cash provided by all activities
15,657
Cash movements
Change in cash and cash equivalents from
activities in the year ended 31 January 2023
15,657
Cash and cash equivalents at 1 February 2022
41,907
57,564
Net income as shown in the Statement of Financial Activities
15,777
Adjustments for :-
Depreciation charges
1,942
Increase in creditors, excluding loans
1,800
Net cash provided by operating activities
A
19,519
Net cash provided by operating activities as shown below
A+B
Cash at bank and in hand less overdrafts at 31 January
Reconciliation of net income to net cash flow from operating activities|2022
£
18,763|
||(8,515)|
||10,248|
||10,248
31,659|
||41,907|
||17,060
1,703
-|
||18,763|
16
VICTORY INTERNATIONAL CHURCH UK THE OVERCOMERS NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
## 1. Accounting Policies
## 1.1 Basis of preparation of financial statements
The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 and the Charities Act 2011.
The financial statements have been prepared to give a true and fair view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view.
Victory International Church UK The Overcomers meets the definition of public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## 1.2 Going Concern
There are no material uncertainties regarding the charity’s ability to continue. Therefore, the accounts are prepared on a going concern basis.
## 1.3 Income
All income is recognised once the Charity has entitlement to the income. It is probable that the income will be received and the amount of income can be measured reliably.
## 1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. 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 classified by activity. The costs of each activity are made up of the total direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis
17
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of asset’s use.
Expenditure on charitable activities in incurred on directly undertaking the activities which further the Charity’s objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
## 1.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## 1.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following bases:
Fixtures & Fittings & Office Equipment - 10 years
Motor Vehicle - 7 years
## 1.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## 1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening or similar account.
18
## 1.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipated it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle obligation. Where the effect of the time is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## 2.0 Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## 3. Donations, Grants and Legacies
|Total Donations, Grants and Legacies
Total donations and gifts from individuals
Covid Job Retention Scheme Grant|Current year
Current year
Prior Year
Unrestricted
Funds
Total Funds
Total
Funds
2023
2023
2022
£
£
£
76,479
76,479
56,180
12,587
76,479
76,479
68,767|
|---|---|
19
## 4. Other income and gains
|Other income and gains|||
|---|---|---|
|Total other income
Refunds
Expenditure on charitable activities - Direct spending
Total direct spending
Charitable activities
Travel costs
Volunteers expenses
Defined benefit pension costs - charitable
activities
Anniversary costs
Employers' NI - Charitable activities
Gross wages and salaries - charitable activities
Welfare
Current Year
Premises Expenses
Support costs for charitable activities
Cleaning and waste management
Rent payable under operating leases
Service charges payable
Light heat and power
Rates and water charges|Current year
Current year
Prior Year
Unrestricted
Funds
Total Funds
Total Funds
2023
2023
2022
£
£
£
-
-
84
-
-
84
Current year
Current year
Prior Year
Unrestricted
Funds
Total Funds
Total Funds
2023
2023
2022
£
£
£
25,600
25,600
23,688
2,208
2,208
1,912
107
107
409
-
-
674
-
-
995
4,392
4,392
1,107
5,290
5,290
2,420
250
250
-
37,847
37,847
31,205
Current year
Current year
Prior Year
Unrestricted
Funds
Total Funds
Total Funds
2023
2023
2022
£
£
£
12,122
12,122
10,716
712
712
-
-
-
408
102
102
519
29
29
-|Prior Year
Total Funds
2022
£
84|
|||84|
|||Prior Year
Total Funds
2022
£
23,688
1,912
409
674
995
1,107
2,420
-|
|||31,205|
> 5. Expenditure on charitable activities - Direct spending
20
|Other Expenditure - Governance costs
Independent Examiner's fees
Professional fees
Total Governance costs
All the expenditure in the prior year was unrestricted.
Total Charitable expenditure
Total direct spending
Total support costs
Total Governance costs
Total charitable expenditure
Administrative overheads
Professional fees paid to advisors other than the auditor o
Financial costs
Total support costs - Current Year
Vehicle costs
Sundry expenses
Depreciation & Amortisation in total for the
Insurance
Other legal and professional
Home Office Costs
Consultancy fees
Liabilty and contents insurance
Information and publications
Subscriptions to periodicals
Telephone, fax and internet
Equipment expenses
Software licences and expenses
Stationery and printing
Postage
Courier services
Bank charges
Accountancy fees other than examination or
audit fees
Equipment,repairs,expenses and maintenance|Other Expenditure - Governance costs
Independent Examiner's fees
Professional fees
Total Governance costs
All the expenditure in the prior year was unrestricted.
Total Charitable expenditure
Total direct spending
Total support costs
Total Governance costs
Total charitable expenditure
Administrative overheads
Professional fees paid to advisors other than the auditor o
Financial costs
Total support costs - Current Year
Vehicle costs
Sundry expenses
Depreciation & Amortisation in total for the
Insurance
Other legal and professional
Home Office Costs
Consultancy fees
Liabilty and contents insurance
Information and publications
Subscriptions to periodicals
Telephone, fax and internet
Equipment expenses
Software licences and expenses
Stationery and printing
Postage
Courier services
Bank charges
Accountancy fees other than examination or
audit fees
Equipment,repairs,expenses and maintenance|Current year
Current year
Prior Year
Unrestricted
Funds
Total Funds
Total Funds
2023
2023
2022
£
£
£
900
900
535
-
-
500
900
900
1,035
Current year
Current year
Prior Year
Unrestricted
Funds
Total Funds
Total Funds
2023
2023
2022
£
£
£
37,847
37,847
31,205
21,955
21,955
19,551
900
900
1,035
60,702
60,702
51,791
483
483
519
-
-
10
475
475
-
-
-
240
-
-
95
311
311
131
179
179
179
-
-
1,649
448
448
299
-
-
82
40
40
260
1,177
1,177
972
2,133
2,133
197
r examiner
900
900
500
873
873
-
13
13
-
-
-
1,072
16
16
-
1,942
1,942
1,703
21,955
21,955
19,551|Current year
Current year
Prior Year
Unrestricted
Funds
Total Funds
Total Funds
2023
2023
2022
£
£
£
900
900
535
-
-
500
900
900
1,035
Current year
Current year
Prior Year
Unrestricted
Funds
Total Funds
Total Funds
2023
2023
2022
£
£
£
37,847
37,847
31,205
21,955
21,955
19,551
900
900
1,035
60,702
60,702
51,791
483
483
519
-
-
10
475
475
-
-
-
240
-
-
95
311
311
131
179
179
179
-
-
1,649
448
448
299
-
-
82
40
40
260
1,177
1,177
972
2,133
2,133
197
r examiner
900
900
500
873
873
-
13
13
-
-
-
1,072
16
16
-
1,942
1,942
1,703
21,955
21,955
19,551|519
10
-
240
95
131
179
1,649
299
82
260
972
197
500
-
-
1,072
-
1,703|
|---|---|---|---|---|
|||||19,551|
|||Current year
Current year
Unrestricted
Funds
Total Funds
2023
2023
£
£
900
900
-
-
900
900
Current year
Current year
Unrestricted
Funds
Total Funds
2023
2023
£
£
37,847
37,847
21,955
21,955
900
900
60,702
60,702|||
||||||
||||1,035||
||||Prior Year
Total Funds
2022
£
31,205
19,551
1,035
51,791||
||||||
21
## Staff costs and emoluments
|Salary costs|2023|2022|
|---|---|---|
||£|£|
|Gross Salaries excluding trustees and key management personnel|25,600|23,688|
|Employer's National Insurance for all staff|2,208|1,912|
|Employer's contribution to defined benefit pension schemes|107|409|
|Total salaries, wages and related costs|27,915|26,009|
|The average number of full time staff employed in the year was|1|1|
## 6. Tangible fixed assets
|Cost
At 1 February 2022
Additions
At 31 January 2023
Depreciation
At 1 February 2022
Charge for the year
At 31 January 2023
Net book value
At 31 January 2023
At 31 January 2022|Plant &
Machinery
£
6,275
3,862|Motor Vehicles
Total
£
£
2,240
8,515
-
3,862|
|---|---|---|
||10,137|2,240
12,377|
||1,255
1,494|448
1,703
448
1,942|
||2,749|896
3,645|
||7,388|1,344
8,732|
||||
||5,020|1,792
6,812|
22
7. Analysis of cash and cash equivalents
|8.
Cash in hand at for the year ended 31 January 2023
Total cash and cash equivalents
Creditors: amounts falling due within one year
Accruals|2023
2022
£
£
57,564
41,907
57,564
41,907
2023
2022
£
£
1,800
-
1,800
-|
|---|---|
9. Particulars of how particular funds are represented by assets and liabilities
|At 31 January 2023
Tangible Fixed Assets
Current Assets
Current Liabilities
At 1 February 2022
Tangible Fixed Assets
Current Assets|Total
Funds
£
8,732
57,564
(1,800)|
|---|---|
||64,496|
||Total
Funds
£
6,812
41,907|
||48,719|
9. No Related Party Transaction in 2021/22 and 2022/23.
23