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||||Page|
|---|---|---|---|
|Report ofthe Trustees|||1 to 6|
|Independent<br>Examiner's|Report|||
|Statement<br>of Financial|Activities|||
|Balance Sheet|||9to10|
|Notes to the Financial Statements|||11 to 16|
|Detailed Statement<br>of Financial||Activities|17 to 18|





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|for the Year Ended 31 Decembe|r 2022|||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
|||Notes||||
|INCOME AND ENDOWMENTS|FROM|||||
|Donations<br>and legacies|||850||850|
|Other trading<br>activities|||58,100||58,100|
|Total|||58,950||58,950|
|EXPENDITURE ON||||||
|Charitable<br>activities||||||
|Management<br>of charity|||50,444||50,444|
|Other|||6,667||6,667|
|Total|||57,111||57,111|
|NET INCOME|||1,839||1,839|
|RECONCILIATION<br>OF FUNDS||||||
|Total funds brought<br>forward|||31,662||31,662|
|TOTAL FUNDS CARRIED FORWARD|||33,501||33,501|





|Balance Sheet<br>31 December 2022|||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||fund|fund|funds|
||Notes||||
|FIXEDASSETS|||||
|Tangible assets||52,186||52,186|
|Investments||1||1|
|||52,187||52,187|
|CURRENT ASSETS|||||
|Debtors||35,076||35,076|
|Cash at bank||11,986|3,785|15,771|
|||47,062|3,785|50,847|
|CREDITORS|||||
|Amounts<br>falling due within one year|9|(32,665)|(3,785)|(36,450)|
|NET CURRENT ASSETS||14,397||14,397|
|TOTAL ASSETS LESSCURRENT|||||
|LIABILITIES.||66,584||66,584|
|CREDITORS|||||
|Amounts<br>falling due after more than|one||||
|year|10|(33,083)||(33,083)|
|NET ASSETS||33,501||33,501|
|FUNDS|13||||
|Unrestricted<br>funds||||33,501|
|TOTAL FUNDS||||33,501|





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||||||
|---|---|---|---|---|
|Disbursement||||58,100|
|NET INCOME/(EXPENDITURE)|||||
|Net income/(expenditure)||is stated after|charging/(crediting):||
|Depreciation|—owned assets|||3,719|
|Depreciation|-assets on|hire purchase|contracts and finance||
|leases||||2,948|



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|TANGIBLE FIXEDASSE|TS|||||
|---|---|---|---|---|---|
||||Fixtures|||
||Long|Plant and|and|Computer||
||leasehold|machinery|fittings|equipment|Totals|
|COST||||||
|Additions|10,010|15,286|32,921|636|58,853|
|DEPRECIATION||||||
|Charge for year|667|1,019|4,822|159|6,667|
|NET BOOK VALUE||||||
|At 31 December 2022|9,343|14,267|28,099|477|52,186|



|Fixed assets, included<br>in the above, which are held u|nder finance leases are as follows:|
|---|---|
||Fixtures|
||and|
||fittings|
||E|
|COST||
|Additions|14,180|
|DEPRECIATION||
|Charge for year|2,948|
|NET BOOK VALUE||
|At 31 December 2022|11,232|





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||Nature of business:<br>aff|ordable<br>office and events space|||
|---|---|---|---|---|
||Class of share|holding|||
||Ordinary|100|||
||||31.12.22|31.3.22|
||Aggregate<br>capital and|reserves|21,107|19,857|
||Profit for the period||1,250|19,856|
|8.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||Trade debtors|||26,634|
||Other debtors|||1,796|
||Prepayments|||6,646|
|||||35,076|





|Build|Studios<br>Limited|Studios<br>Limited||||
|---|---|---|---|---|---|
|Notes|to the Financial Statements||-|continued||
|for the Year Ended 31 December|||2022|||
|9.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
||Other loans (see note 11)||||26,121|
||Trade creditors||||6,544|
||Other creditors||||3,785|
||||||36,450|
|10.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR|||
||Bank loans (see note 11)||||23,498|
||Finance leases (see note|12)|||9,585|
||||||33,083|
|11.|LOANS|||||
||An analysis<br>ofthe maturity||of|loans is given below:||
||Amounts<br>falling due within||one year on demand:|||
||Other loans||||26,121|
||Amounts<br>falling due between|||two and five years:||
||Bank loans - 2-5 years||||23,498|
|12.|LEASING AGREEMENTS|||||
||Minimum<br>lease payments|under finance leases fall due as follows:||||
||||||Finance|
||||||leases|
||Net obligations<br>repayable:|||||
||Between one and five years||||9,585|





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|MOVEM|ENT|IN FUNDS||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.1.22|in funds|31.12.22|
||||||E|
|Unrestricted||funds||||
|General|fund||31,662|1,839|33,501|
|TOTAL|FUNDS||31,662|1,839|33,501|



|Net movement|in funds,<br>included<br>in t|he above are as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||58,950|(57,111)|1,839|
|TOTAL FUNDS||58,950|(57,111)|1,839|



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|Detailed Statement|Detailed Statement|Detailed Statement|of Financial|of Financial|Activities||
|---|---|---|---|---|---|---|
|for the Year Ended|||31 December 2022||||
|INCOME AND||ENDOWMENTS|||||
|Donations<br>and legacies|||||||
|Miscellaneous||Income||||850|
|Other trading||activities|||||
|Disbursement||||||58,100|
|Total incoming||resources||||58,950|
|EXPENDITURE|||||||
|Other|||||||
|Depreciation|oftangible|||fixed assets||6,667|
|Support costs|||||||
|Management|||||||
|Wages||||||2,081|
|Social security||||||164|
|Pensions||||||58|
|Rates and water||||||(2,910)|
|Insurance||||||1,573|
|Telephone||||||3,161|
|Postage and|stationery|||||331|
|Advertising||||||90|
|Sundries||||||4,996|
|Consultants|Fees|||||2,050|
|Computer Costs||||||15,742|
|Web Costs||||||690|
|Staff Training||||||52|
|Service Charge||||||9,310|
|Recruitment||||||2,085|
|Subscriptions||||||255|
|Repairs and|renewals|||||186|
|Marketing||||||2,553|
|||||||42,467|
|Finance|||||||
|Bank charges||||||102|
|Bank interest||||||110|
|Bank loan interest||||||3,203|
|||||||3,415|





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