OpenCharities

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2023-03-31-accounts

DirectorsReport page 4
MainActivities page4
Structure,GovernanceandManagement page6
FinancialReview page7
StatementofDirectors Responsibilities page9
Independent Auditors'Repofttothe page11
MembersofMedicalEngineeringResource
Unit
Balance Sheet page16
StatementofFinancialActivities pageL7
Notesto theFinancialStatements page18

Risk Howthisisexpectedtobe managed
MERUremain heavily relianton MERUareincreasingtheproportion of
charitabledonationstofund incomethatisself-generated yearon
operations.Thereisdiminishing yearandworkcloselywithQEF
availabilityand increasingcompetition EngagementsandPartnershipsteam to
forthesefunds. supportfundraisinq initiatives.
Continuedpressureonsupplylinesdue MERUare continuallyassessingstock
topost-Coviddemand on shipping
meansthattheavailabilityofkey		 requirements andplanningincreased
leadtimes intoproductionschedules.
componentsremains a challenge. The useof alternativesuppliersand/or
materialsis considered on acase by
case basis.

2023 2l¡22
Note Ê, Ê, E E
Fixedassets:
Tangible assets 3 LL7,942 157,981
1L7,942 r57,ggr
Current assets
Stocks 4 92,578 95,446
Debtors 5 22,L43 26,579
Cashatbankandinhand 128,310 L46,455
243,O37 268,48O
Creditors
Amountsfalling duewithinone
year		 6 Qe7,7L3) (3L4,447)
Netcurrentassets (38,682) (45,967)
Total assetslesscurrentliabilities 79,260 It2,Ot4
Provisions 7 (57,L43) (57,t43)
Netassetorliabilities 22,LL7 54,87L
I
Accumulatedfunds
Restricted funds 9 - 48,78O
Unrestricted funds 9 22,1L7 6,091
Totalaccumulatedfunds ?zil1 54,871

2lJ23 2023 2023 2022
Notes Unrestricted
Funds
E		 Restricted
Funds
E
TotalFunds
Ê
TotalFunds
r
INCOME:
Donations andlegacies
Charitable activities		 11
t2		 rr5,9L7
t89,244		 174,453 29O,370
L89,244		 379,388
256,554
BusinessGrants L2 7,766 7,766 10,382
TotalOperat¡ngIncome 312,927 174,453 487,380 646,324
EXPENDITURE;
Raisingfunds
Charitable activities		 13
t4		 L5,254
28L,647		 223,233 L5,254
504,880		 30,830
586,035
TotalOperat¡ng Expend¡ture 296,90t 223,233 520,t34 616.865
NetOperating(Expenditure)/Inaome L6,026 (48,780) (32,754) 29,459
Reonciliationof funds:
Total funds brought forward 6,091 48,780 54,87L 25,4L2
Totalfunds carriedforward 22,L17 22,tI7 54.87r

TANGIBLE FIXEDASSETS
Plantand MotorVehicles Total
Equipment
E E r.
CostatL4.22 548,427 7,0r5 555,442
Additions
Disposals
Costat3L.3.23		 33,844
(1.745\
580,526		 7,OLs 33,844
(1745,\
587,547
Depreciationatt.4.22
Charueforyear
Ondisposals
Depreciationat31.3.23		 390,446
73,883
(t-745\
462,584		 7,OLs
7,OLs		 397,46r
73,883
(1.745\
469,599
NET BOOK VALUEat31.3.23
NET BOOKVALUEAT.3T.3,22		 Lt7 942
157_C81		 117.947
1q7qR1

2023 2022
E E
92,578
92.578		 95,446
95.446

2023 2022
Amountsfallingduewithinoneyear: E, E
Debtorsforequipmentsold 13,184 2L,579
Rent Deposit reEpsompremises 5,000 5,000
Prepayments& Accrued Income 3.
22.L43		 26.579

Allcreditors are financial instrumentsandanemeasuredatpre sent value
2023 2022
Amountsfallingduewithinoneyear: Â E
Accruals 2,605 4,276
SundryCreditoß
HMRC(Re VAT)
Amount duetoparentorganisation
Purchase Ledger Control
Bugzi LoanDepos¡t		 T4.T n
24t.71 ?
L,O4L
72
248,724
L5,L2t		 5,385
289,575
r,76L
13_450
?14 447

FORTHE YEAR ENDED31MAR CH2023(con t'd)
7 PROVISIONS 2023 2022
E E
DilapidationReserve 57,r43 57,L43
57,L43 57,t43
8 STATEMENT OF FUNDS
Opening Incoming Resources Closing
Act¡vity Balance Resources Expended Balance
E E E E
UnrestrictedFunds:
GeneralFund 6,091 3L2,927 296,90r 22,tL7
RestrictedFunds:
Bugzi 48,780 174,453 223,233
Engineer Salaries
Students
TotalAll Funds 54,87L 487,380 520,L34 22,Lt7

ANALYSISOF NET ASSETS BY FUND
Unrestr¡cted Restr¡cted TotalFunds
Fund Fund 2023
E E E
TangibleFixedAssets LL7,942 rL7,942
CurrentAssets 243,03L 243,03L
CurentLiabilities t338.856) 1338.856)
22,rt7 22.tL7
Unrestricted Restr¡cted TotalFunds
Fund Fund 2022
E E A
Tangiblefixedassets 157,981 157,981
Current Assets 2L9,699 48,780 268,480
Cunent Liabilities 1371.590') t371.590)
6.091 48.780 54.87L

RECONCILIATIONOF MOVEMENTINFUNDS
2023 2022
Total Total
Ê. E
Opening funds
Net movementsofresourcesintheyear
Closing funds		 54,87L
(32.754\
22.tt7		 25,ALL
29,460
54.87L

2023 2023 2023
Category Unrestricted Restr¡cted Total
ç, ç. E
Trusts 65,000 78,343_ L43,343
MaiorDonorc 947 947
DirectMail 18,566 22,406 40,972
Corporate
Community
Other		 677
16,816
13.911		 18,516
55188		 677
35,332
6C.OSg
LLs,9T7 t74.453 290,370
2022 2022 2022
Category Unrestricted
E		 Restricted
Ê.		 Total
t
Trusts 68,016 140,600 208,616
MaiorDonorc 10,000 15,000 25,000
DirectMail 73,377 5,BOB 79,185
Corporate 249 3L,747 31,996
Community
Other		 L2,099
185
L63.926		 22,307
)1-46)		 34,406
185
37S-388

All activitiesinthecunent andÞrioryearwereunrestricted.
2023 2022
E, E
SaleofEquipment bytheCharity
Business Grants		 L89,244
7.		 256,554
1ô?Ê?
L97.OLo 266,936

2023 2023 2023
Direct Costs StaffCosts TotalFunds
E. E E
Unrestricted L5,254 t5,254
Restricted-Bugzi
L5,254 L5,254
2022 2022 2022
Direct Costs StaffCosts TotalFunds
  ç.
Unrcstricted 831 12,962 L3,793
Restr¡cted-Buqzi 17.038 17.038
831 30,000 30,830
CHARITABLEACTIVITIES
2023 2023 2023
D¡rect Costs Support Costs TotalFunds
E E, ç.
InstantSolutions 335,358 165,655 501,013
Auditors'Remuneration inc VAT 3.867 3.867
335.358 L69.522 504.880
2022 2022 2022
Direct Costs
E.		 Support Costs
E		 TotalFundst
Bespoke Projects r,326 L,326
TravelChair 5,161 5,887 11,048
InstantSolutions 298,808 272,383 57t,LgL
Auditors'Remuneration incVAT 2,470 2,470
305,295 280,740 586,035

SUPPORTCOSTS
2023 2023 2023
StaffCosts OtherCosts TotalFunds
E E c.
TravelChair
InstantSolutions 1R74?Q (17.977',1 169.522
L87.439 (77.9t7|L69.522
2022
StaffCosts
Ê.		 2022
2022
OtherCostsTotalFunds
EE,
TravelChair
InstantSolutions		 2,64L
r22,L90
L24.L3L		 3,298
t52.6tl
155,909		 5,939
274,80I

280,740