WORLD EDUCATION BERKSHIRE risc ANNUAL REPORT 2@23 world sho .risC . 41è•Ethj
| 1.Trustees' Summary |
|---|
| 2. Financial Overview |
| 3. Financial Review. |
| 4. RISC's Programmes |
| 5. Programme Summaries |
| FY23 | FY22 | |||||
|---|---|---|---|---|---|---|
| Income and Endowments | Note | Unrestricted Funds |
Restricted Funds |
Total Funds |
Total Funds |
|
| Donations and Legacies |
10,029 | 76,914 | 86,943 | 102,925 | ||
| Other Trading Activities | 307,915 | 307,915 | 299,407 | |||
| Investment income |
35,757 | 35,757 | 30,565 | |||
| Other Income | 71,735 | |||||
| 353,701 | 76,914 | 430,615 | 504,632 | |||
| Expenditure | ||||||
| Expenditure on raising funds: Costs ofother |
||||||
| trading activities | 190,379 | 190,379 | 211,601 | |||
| Expenditure on charitable |
activities | 10,11 | 180,379 | 84,607 | 264,986 | 279,869 |
| 370,758 | 84,607 | 455,365 | 491,470 | |||
| Net Income/(Deficit) | (17,057) | (7,693) | (24,750) | 13,162 | ||
| Reconciliation of Funds |
||||||
| Total funds brought forward | 1,257,068 | 26,655 | 1,283,723 | 1,270,561 | ||
| Total Funds Carried Forward | 1,240,011 | 18,962 | 1,258,973 | 1,283,723 |
| FY23 | FY22 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Note | Funds | Funds | Funds | Funds | |||
| Income and | Endowments | f | E | E | E | ||
| Donations and Legacies | 10,029 | 76,914 | 86,943 | 102,925 | |||
| Other Trading Activities | 307,915 | 307,915 | 299,407 | ||||
| Investment | income | 35,757 | 35,757 | 30,565 | |||
| Other Income | 71,735 | ||||||
| 353,701 | 76,914 | 430,615 | 504,632 | ||||
| Expenditure | |||||||
| Expenditure | on raising funds: Costs ofother | ||||||
| trading activities | 190,379 | 190,379 | 211,601 | ||||
| Expenditure | on charitable | activities | 10,11 | 180,379 | 84,607 | 264,986 | 279,869 |
| 370,758 | &4,607 | 455,365 | 491,470 | ||||
| Net Income/(Deficit) | (17,057) | (7,693) | (24,750) | 13,162 | |||
| Reconciliation ofFunds | |||||||
| Total funds | brought forward | 1,257,068 | 26,655 | 1,283,723 | 1,270,561 | ||
| Total Funds | Carried Forward | 1,240,011 | 18,962 | 1,258,973 | 1,283,723 |
| FY23 | FY22 | |||||
|---|---|---|---|---|---|---|
| Fixed Assets | Note | E | 6 | |||
| Tangible Fixed Assets |
17 | 928,621 | 940,612 | |||
| Investments | 18 | 620,000 | 620,000 | |||
| 1,548,621 | 1,560,612 | |||||
| Current Assets | ||||||
| Stocks | 19 | 106,125 | 105,571 | |||
| Debtors | 20 | 28,597 | 6,269 | |||
| Cash at bank | and in | hand | 72,425 | 147,419 | ||
| 207,148 | 259,259 | |||||
| Creditors: amounts | falling due within one year | 21 | 45,782 | 54,179 | ||
| Net Current | Assets | 161,365 | 205,080 | |||
| Total assets | less current liabilities | 1,709,986 | 1,765,691 | |||
| Creditors: amounts | falling due after more than one year | |||||
| Bank loans and overdrafts | 22 | 451,013 | 481,968 | |||
| Net Assets | 1,258,973 | 1,283,723 | ||||
| Funds ofthe | Charity: | |||||
| Restricted Funds |
18,962 | 26,655 | ||||
| Unrestricted | Funds: | |||||
| Revaluation | Reserve | 1,055,896 | 1,055,896 | |||
| Other unrestricted | income funds | 184,115 | 201,172 | |||
| Total unrestricted | funds | 1,240,011 | 1,257,068 | |||
| Total Charity | Funds | 24 | 1,258,973 | 1,283,723 |
| Unrestricted | Restricted | Total Funds | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | ||||
| Donations | E | E | ||||
| Appeals and Donations | 10,029 | 10,029 | ||||
| Grants | ||||||
| Royal Berkshire Hospital | 14,100 | 14,100 | ||||
| Berkshire Community | Foundation | -Veg 4 Families | 4,900 | 4,900 | ||
| Reading Borough Council - Food | for Families | 10,000 | 10,000 | |||
| RHS | 2,500 | 2,500 | ||||
| Earley Charity | 45,414 | 45,414 | ||||
| 10,029 | 76,914 | 86,943 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| Donations | E | E | ||||
| Appeals and Donations | 6,387 | 6,387 | ||||
| Grants | ||||||
| Earley Charity | 43,292 | 43,292 | ||||
| Berkshire Community | Foundation | -Veg 4 Families | 2,000 | 2,000 | ||
| Nineveh Charitable |
Trust | 3,000 | 3,000 | |||
| Reading Borough Council | 2,000 | 2,000 | ||||
| Reading Borough Council - Food | for Families | 24,666 | 24,666 | |||
| Awards for all | 9,580 | 9,580 | ||||
| RBCCovid 19Grant | 12,000 | 12,000 | ||||
| 20,387 | 82,538 | 102,925 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |||
| E | E | f | E | |||
| World Shop | 137,056 | 137,056 | 149,506 | 149,506 | ||
| Food for Families, events | and courses | 7,345 | 7,345 | 18,106 | 18,106 | |
| Centre Income | 98,109 | 98,109 | 72,059 | 72,059 | ||
| Global Refill Shop | 53,718 | 53,718 | 56,216 | 56,216 | ||
| Education Resources | 11,687 | 11,687 | 3,520 | 3,520 | ||
| 307,915 | 307,915 | 299,407 | 299,407 | |||
| 7.Investment | Income | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| E | E | E | E | |||
| Income from investment | properties | 35,445 | 35,445 | 30,537 | 30,537 | |
| Bank Interest received | 312 | 312 | 28 | 28 | ||
| 35,757 | 35,757 | 30,565 | 30,565 |
| 8.Other | Income | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| E | E | E | E | ||
| Furlough | Income | 19,285 | 19,285 | ||
| Insurance | Claim | 52,450 | 52,450 | ||
| 71,735 | 71,735 |
| 9.Costs of | other trading | activities | |||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| E | E | f | E | ||
| World shop | 131,654 | 131,654 | 148,961 | 148,961 | |
| Global Refill | Shop | 46,119 | 46,119 | 49,932 | 49,932 |
| Investment | Income | 12,605 | 12,605 | 12,708 | 12,708 |
| 190,379 | 190,379 | 211,601 | 211,601 |
| Unrestricted | Restricted | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | ||||||
| f | f | f | ||||||
| Centre Costs | 49,077 | 45,442 | 94,519 | |||||
| Core Costs | 42,007 | 42,007 | ||||||
| Development | Education | 22,742 | 2,316 | 25,058 | ||||
| Sustainable | Communities | 18,232 | 18,232 | |||||
| Community/Centre | Development | |||||||
| Support Costs | 66,553 | 18,617 | 85,170 | |||||
| 180,379 | 84,607 | 264,986 | ||||||
| Unrestricted | Restricted | Total | Funds | |||||
| Funds | Funds | 2022 | ||||||
| f | f | f | ||||||
| Centre Costs | 29,416 | 48,008 77,424 |
||||||
| Core Costs | 58,081 | 58,081 | ||||||
| Development | Education | 19,307 | 1,730 21,037 |
|||||
| Sustainable | Communities | 23,989 23,989 |
||||||
| Community/Centre | Development | |||||||
| Support Costs | 78,065 | 21,273 99,338 |
||||||
| 184,869 | 95,000 279,869 |
|||||||
| 11.Expenditure | on charitable | activities by activity | type | |||||
| Activities | Grant | |||||||
| undertaken | Funding | Support | Total Costs | Total Funds | ||||
| directly f |
Activities f |
Costs f |
2023 f |
2022 f |
||||
| World Shop | 1,416 | 1,416 | 1,196 | |||||
| Centre Costs | 49,077 | 45,442 | 27,351 | 121,869 | 112,194 | |||
| Core Costs | 42,007 | 26,510 | 68,517 | 88,963 | ||||
| Global Refill | Shop | 852 | 852 | 193 | ||||
| Development | ||||||||
| Education | 25,058 | 3,024 | 28,082 | 24,668 | ||||
| Sustainable | ||||||||
| Communities | 18,232 | 15,644 | 33,876 | 31,157 | ||||
| Community | and Centre | Development | 11,623 | |||||
| Governance | Costs | 10,375 | 10,375 | 9,875 | ||||
| 134,374 | 45,442 | 85,170 | 264,986 | 279,869 |
| World Shop |
World Shop |
Centre Costs |
Core costs |
Global Refill Shop |
Sustainable Communitie s |
Developme nt Education |
Developme nt Education |
Total 2023 |
Tota I 2022 |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E | E | E | E | E | |||||||||
| Premises | 18,436 | 1,464 | 19,900 | 44,412 | |||||||||
| Communications | and IT | 67 | 5,195 | 5,261 | 4,138 | ||||||||
| General Office | 1,125 | 1,125 | 547 | ||||||||||
| Consultancy | 829 | 15,593 | 2,988 | 19,410 | 11,532 | ||||||||
| Governance | Costs | 10,375 | 10,375 | 9,875 | |||||||||
| Legal and Professional | 2,668 | 2,668 | 6,775 | ||||||||||
| Depreciation | 11,991 | 11,991 | 13,369 | ||||||||||
| Finance cost | 10 | 5 | 17 | 13 | 45 | 21 | |||||||
| Postage/Stationary | 661 | 1,558 | 69 | 280 | 21 | 36 | 2,625 | 2161 | |||||
| Advertising | 971 | 971 | 0 | ||||||||||
| Subscriptions | 744 | 567 | 688 | 559 | 2,558 | 1,334 | |||||||
| Bank interest | 6718 | 1523 | 8,241 | 5,174 | |||||||||
| 1,415 | 27,351 | 36,915 | 852 | 15,614 | 3,024 | 85,170 | 99,338 | ||||||
| nalysis ofrestricted funds | support | costs | included | above: | |||||||||
| Sustainable | Development | Total | 2023 | Tota | I | 2022 | |||||||
| Communities | Education | E | E | ||||||||||
| E | E | ||||||||||||
| Premises | 11,623 | ||||||||||||
| Consultancy | 15,593 | 2,988 | 18,581 | 6,800 | |||||||||
| Postage/Stationary | 21 | 15 | 36 | 75 | |||||||||
| Consultancy | 2,775 | ||||||||||||
| 15,614 | 3,003 | 18,617 | 21,273 |
| Net income | is stated after charging/(crediting): | is stated after charging/(crediting): | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | ||||
| Depreciation | oftangible fixed asset | 11,991 | 13,369 | |
| 14.Independent examination |
fees | |||
| 2023 | 2022 | |||
| Fees payable | tothe independent | examiner for: | E | f |
| Independent | examination ofthe |
financial statements | 8,875 | 9,875 |
| The total staff costs and employee benef analysed as follows: |
its for the reporting period are |
|
|---|---|---|
| 2023 | 2022 | |
| E | f | |
| Wages and Salaries | 213,120 | 233,038 |
| 2023 | 2022 | |
| f | f | |
| Wages and Salaries | 191,342 | 213,100 |
| Social Security Costs | 10,200 | 9,752 |
| Pension Contributions | 11,578 | 10,186 |
| Total | 213,120 | 233,038 |
| the year is an | alysed as follows: |
||
|---|---|---|---|
| 2023 | 2022 | ||
| No. | No. | ||
| Education Workers | 1 | 1 | |
| World Shop | 2 | 2 | |
| Events | 1 | 1 | |
| Management | and Support | 4 | 4 |
| 8 | 8 |
| 17.Tangible Fixed Asset | s | ||||
|---|---|---|---|---|---|
| Freehold Property |
Fixtures and Fittings |
Motor Vehicles |
Equipment | Total | |
| Cost | E | E | E | E | E |
| At 1June 2022 | 1,010,885 | 44,997 | 19,677 | 97,853 | 1,173,412 |
| Additions | |||||
| At 31May 2023 | 1,010,885 | 44,997 | 19,677 | 97,853 | 1,173,412 |
| Depreciation | |||||
| At 1June 2022 | 77,385 | 44,997 | 19,677 | 90,742 | 232,801 |
| Charge for the year | 9,500 | 2,491 | 11,991 | ||
| At 31May 2023 | 86,885 | 44,997 | 19,677 | 93,233 | 244,792 |
| Carrying Amount | |||||
| At 31May 2023 | 924,000 | 4,620 | 928,620 | ||
| At 31May 2022 | 933,500 | 7,111 | 940,611 |
| 18.Investments | |
|---|---|
| Investment | |
| properties | |
| Cost or valuation | E |
| At 1June 2022 and 31May 2023 | 620,000 |
| Impairment | |
| At 1June 2022 and 31May 2023 | |
| Carrying Amount | |
| At 31May 2023 | 620,000 |
| At 31May 2022 | 620,000 |
| All investments shown above are held at valuation. |
| xisting use ba 19.Stocks |
si | s by M | r 5J | Gregory BScMRICS, a Registered V |
aluer at Hicks Baker. | |
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| E | f | |||||
| Raw materials | and consumables | 106,125 | 105,571 | |||
| 20.Debtors | ||||||
| 2023 | 2022 | |||||
| E | E | |||||
| Trade Debtors | 20,221 | 5,388 | ||||
| Prepayments | and accruals | 8,376 | 881 | |||
| 28,597 | 6,269 | |||||
| 21.Creditors: | amounts | falling due within one year | ||||
| 2023 | 2022 | |||||
| f | f | |||||
| Trade Creditors | 5,497 | 5,084 | ||||
| Accruals and deferred | income | 7,000 | 11,630 | |||
| Social security | and other taxes | 2,060 | 5,416 | |||
| Other creditors | 31,225 | 32,049 | ||||
| 45,782 | 54,179 |
| Unrestricted | Unrestricted | Unrestricted | Funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 01June | 2022 | Income | Expenditure | Transfers | 31May 2023 | ||||
| E | E | E | E | E | |||||
| General | Funds | 201,172 | 353,701 | (370,758) | 184,116 | ||||
| Revaluation | Reserve | 1,055,896 | 1,055,896 | ||||||
| 1,257,068 | 353,701 | (370,758) | 1,240,012 | ||||||
| 01June | 2021 | Income | Expenditure | Transfers | 31May 2022 | ||||
| E | E | E | E | E | |||||
| General | Funds | 185,012 | 422,094 | (396,470) | (9,464) | 201,172 | |||
| Revaluation | Reserve | 1,055,896 | 1,055,896 | ||||||
| 1,240,908 | 422,094 | (396,470) | (9,464) | 1,257,068 | |||||
| Restricted | Funds | ||||||||
| 01June | 31May | ||||||||
| 2022 | Income | Expenditure | Transfers | 2023 | |||||
| E | E | E | E | E | |||||
| Sustainable | Communities | 15,307 | 31,500 | (39,166) | 7,641 | ||||
| Centre | Costs | and Developments | 11,348 | 45,414 | (45,442 ) | 11,320 | |||
| 26,655 | 76,914 | (84,607 | ) | 18,962 |
| Unrestricted | Funds | Restricted | Funds | Total Funds 2023 | ||
|---|---|---|---|---|---|---|
| E | E | E | ||||
| Tangible | Fixed Assets | 928,621 | 928,621 | |||
| Investments | 620,000 | 620,000 | ||||
| Current | Assets | 142,404 | 18,962 | 161,365 | ||
| Creditors | greater than 1year | 451,013) | (451,013) | |||
| 1,240,012 | 18,962 | 1,258,973 |
| Unrestricted Funds |
Restricted | Funds | TotalFunds | 2022 | |
|---|---|---|---|---|---|
| E | E | E | |||
| Tangible Fixed Assets | 940,611 | 940,611 | |||
| Investments | 620,000 | 620,000 | |||
| Current Assets | 178,425 | 26,655 | 205,080 | ||
| Creditors greater than 1year | (481,968) | (481,968) | |||
| 1,257,068 | 26,655 | 1,283,723 |
| 29. | Analysis ofChanges in N |
et Debt | ||
|---|---|---|---|---|
| 01June 2022 | Cash flows | 31May 2023 | ||
| E | E | E | ||
| Cash | at bank and in hand | 147,419 | (74,994) | 72,425 |
| Debt | due after 1Year | (481,968) | 30,955 | (451,013) |
| (334,549) | (44,038) | (378,587) |