WORLD
EDUCATION
BERKSHIRE
risc
ANNUAL REPORT 2@23
world sho
.risC
. 41è•Ethj
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|1.Trustees'
Summary|
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|2. Financial Overview|
|3. Financial
Review.|
|4. RISC's Programmes|
|5. Programme
Summaries|
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||||||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|
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|||||||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|
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||||||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|
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|||||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|
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||||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|
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|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|
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|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|
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||||||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|
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||||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||
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|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|
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|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|
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|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|
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|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.||
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|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|
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|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|
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|||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||
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|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)|
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