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|CONTENTS||||PAGE|
|---|---|---|---|---|
|Officers and|professional
advisers||||
|Trustees'
report|||||
|Chartered
accountants||report to the board ofdirectors on the preparation of|||
|the unaudited|statutory|financial|statements||
|Statement of|income and retained||earnings||
|Statement of|financial|position|||
|Statement of|cash flows|||10|
|Notes to the financial||statements|||
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|THE BOARD OFDIRECTORS|LMullin|Chair|
|---|---|---|
||A Kendall||
||M Archer||
||RA Price||
||IKendall||
||P Bowerman||
||SChristie||
||SPrice||
||A Boyd||
||DFawcett||
|REGISTERED OFFICE|12 South Royd Avenue||
||Halifax||
||West Yorkshire||
||HX3 OBL||
|ACCOUNTANTS|Spenser Wilson|Ltd|
||Chartered
Accountants||
||Equitable
House||
||55 Pelion Lane||
||Halifax||
||West Yorkshire||
||HX1 5SP||
|BANKERS|Barclays Bank Plc
P0Box 14||
||Halifax||
||West Yorkshire||
||HX1 IBG||
|SOLICITORS|Wilkinson
Woodward||
||11Fountain Street||
||Halifax||
||West Yorkshire||
||HX1 1LU||
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||||2023|2022|
|---|---|---|---|---|
|||Note|||
|INCOME||4|113,390|105,808|
|Operating
expenditure|||152,583|117,611|
|Other operating
income||6|14459|13,197|
|NET INCOME/(EXPENDITURE)||7|(24,834)|1,394|
|Loss on financial
assets at fair value through|profit or loss||(5416)|(16,405)|
|DEFICIT FOR THE FINANCIAL YEAR|||(30,150)|(15,011)|
|RETAINED RESERVESAT THK START OF THK YKAR|||249,763|264,774|
|RETAINED RESERVESAT THE END OF THE YEAR|||219,613|249,763|
##
##
||||||2023|||2022||
|---|---|---|---|---|---|---|---|---|---|
||||Note|||||||
|FIXEDASSETS||||||||||
|Tangible assets|||10|||504,802|||511,823|
|CURRENT ASSETS||||||||||
|Debtors|||11|880|||616|||
|Investments|||12|201,739|||204,658|||
|Cash at bank and in hand||||36,037|||63,325|||
|||||238,656|||268,599|||
|CREDITORS: amounts||falling due||||||||
|within one year|||13|25,886|||26,454|||
|NET CURRENT ASSETS||||||212,770|||242,145|
|TOTAL ASSETSLESS||CURRENT||||||||
|LIABILITIES||||||717,572|||753,968|
|CREDITORS: amounts||falling due|after|||||||
|more than one year||||||||||
|Accruals and deferred|income|||||437,079|||443,325|
|NET ASSETS||||||280,493|||310,643|
|RESERVES||||||||||
|Capital reserve||||||60,880|||60,880|
|Revenue reserve||||||219,613|||249,763|
|||||||280,493|||310,643|
##
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|||2023|2022|
|---|---|---|---|
|CASH FLOWS FROM OPERATING ACTIVITIES||||
|Loss for the financial
year||(30,150)|(15,011)|
|Adjustments for:||||
|Depreciation oftangible
assets||7,021|7,021|
|Government
grant income||(6446)|(6,246)|
|Loss on financial
assets at fair value through|profit or loss|5,316|16,405|
|Accrued income||(10,777)|(42,672)|
|Changesin:||||
|Trade and other debtors||(264)|16|
|Trade and other creditors||10,209|936|
|Cash generated
from operations||(31,137)|(39,551)|
|Net cash used in operating
activities||(24,091)|(39,551)|
|CASH FLOWS FROM INVESTING ACTIVITIES||||
|Purchases ofother investments
Proceeds from sale ofother investments||(5,316)
2,919|(16,405)
14,269|
|Net cash used in investing
activities||(2,397)|(2,136)|
|NET DECREASE IN CASH AND CASH|EQUIVALENTS|(27,288)|(41,687)|
|CASH AND CASH EQUIVALENTS AT|BEGINNING OFYEAR|63,325|105,012|
|CASH AND CASH EQUIVALENTS AT|KND OFYEAR|36,037|63,325|
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|PARTICULA|RS OFMAINTENANCE
CONTRIB|UTION||
|---|---|---|---|
|||2023|2022|
||||f,|
|Maintenance|contribution|116,480|116,480|
|Less: Losses|from debts and voids|(3,090)|(10,672)|
|||113490|105,808|
|||||2023|2022|
|---|---|---|---|---|---|
||Government|grant income||6446|6,246|
||Other operating
income|||8,113|6,951|
|||||14459|13,197|
|7.|OPERATING (LOSS)/PROFIT|||||
||Operating
profit or loss||is stated after charging:|||
|||||2023|2022|
||Depreciation|oftangible|assets|7,021|7,021|
||Independent|examination||1,840|1,560|
##
|The average n
amounted
to:|umber ofpersons emp|loyed
by the company
during the year, including
t|he trustees,|
|---|---|---|---|
|||2023|2022|
|||No.|No.|
|||I|1|
|The aggregate|payroll costs incurred|during the year, relating to the above, were:||
|||2023|2022|
|Wages and salaries||18@39|10,801|
|Other pension|costs|138|138|
|||18,477|10,939|
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|10.|TANGIBLE ASSETS||||
|---|---|---|---|---|
|||||Freehold|
|||||property|
|||||8|
||Cost||||
||At 1July 2022 and 30June 2023|||702,080|
||Depreciation||||
||At I July 2022|||190457|
||Charge for the year|||7,021|
||At 30June 2023|||197/78|
||Carrying
amount||||
||At 30June 2023|||504,802|
||At 30June 2022|||511,823|
|11.|DEBTORS||||
||||2023|2022|
||Prepayments
and accrued income||880|616|
|12.|INVESTMENTS||||
||||2023|2022|
||NAACIF investment||55,433|55,097|
||COIF investment||89,610|86,853|
||Black Rock investment||56,696|62,708|
||||201,739|204,658|
|13.|CREDITORS: amounts|falling due within one year|||
||||2023|2022|
||Trade creditors||5/44|6,844|
||Accruals and deferred income||20,458|19,360|
||Social security and other|taxes|184|250|
||||25,886|26,454|
##
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|GOVERNM|ENT
GRANTS|ENT
GRANTS|||||
|---|---|---|---|---|---|---|
|The amounts|recognised
in the financial||statements|for government|grants are as follows:||
||||||2023|2022|
|Recognised|in creditors:||||||
|Deferred government||grants due within|one year||18,121|6,246|
|Deferred government||grants due after more than one year|||437,079|443,325|
||||||455400|449,571|
|Recognised|in other|operating
income:|||||
|Government|grants|released to profit or|loss||6,246|6,246|
##
|ANALYSIS OF CHANGES IN NET|DEBT||||
|---|---|---|---|---|
|||||At|
||At|1 Jul 2022|Cash flows|30Jun 2023|
|Cash at bank and in hand||63,325|(27,288)|36,037|
|Current asset investments||204,658|(2,919)|201,739|
|||267,983|(30,207)|237,776|