## **BEDWELL COMMUNITY ASSOCIATION**
**Registered Charity No. 302332**
**ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022**
## **BEDWELL COMMUNITY ASSOCIATION**
## **INDEX**
**For the year ended 31[st] March 2022**
||**Page**|
|---|---|
|Trustees Annual Report|1 – 4|
|Reference and Administration|1|
|Structure, Governance and Management|2|
|Objectives|2|
|Activities, Progress and Achievements|2 – 3|
|Financial Review|4|
|Reserves Policy|4|
|Independent Examiners Report|5|
|Statement of Financial Activities (SOFA)|6|
|Balance Sheet|7|
|Statement of Cash flow|8|
|Notes to the Accounts|9 – 15|
## BEDWELL COMMUNITY ASSOCIATION
**Trustees Annual Report Continued For the year ended 31[st] March 2022**
## **REFERENCE AND ADMINISTRATION**
**Name of Charity:** BEDWELL COMMUNITY ASSOCIATION **Registered Charity No:** 302332 **Governing Document:** Constitution dated 17th May 1999 **Principal Office:** Bedwell Community Association Crescent, Stevenage, Herts. SG1 1NA **Trustees:** Sheila Robertson Chairman (Resigned 01.04.22) Elaine Connolly (Appointed 05.07.21) (Acting Chairman 01.04.22) Philip Smith Vice Chairman Terry Ingle Treasurer Eileen Mitchell Ann Meldrum Ron Meldrum (Resigned 01.09.21) Peter Ford (Resigned 05.07.21) Jenny O’Sullivan (Appointed 05.07.21) Stuart Mylrea (Appointed 28.02.22) **Bankers:** Lloyds TSB Bank Plc Stevenage Town Square 3 The Town Square Stevenage Herts. SG1 1BG **Independent Examiner:** Jane M E Seymour Orchard Villa 2B Regent Street Stotfold Hitchin Herts. SG5 4ED
Page 1
## BEDWELL COMMUNITY ASSOCIATION
## **Trustees Annual Report Continued For the year ended 31[st] March 2022**
The Management Committee present their report for the year ended 31[st] March 2022.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity is an unincorporated organization which is governed by a constitution dated 17[th] May 1999.
The Honorary Officers and up to eight representatives of affiliation organisations and other user groups are elected or appointed on an annual basis at the Annual General Meeting, in the event of an vacancy occurring the Committee can co-opt a replacement until the next Annual General Meeting. The committee shall also include one representative from Stevenage Borough Council.
Individuals and one representative per affiliated group shall have the right to vote at the AGM.
The trustees are elected or appointed on an annual basis at the Annual General Meeting, which is held between June and July.
## **OBJECTIVES**
In setting the charity’s objectives and planning its aims and objectives and future activities the Trustees have given consideration to the Charity Commission’s general guidance on public benefit. The main aims and objectives of the charity are:
To promote the benefit of the inhabitants of Bedwell Stevenage, without distinction of sex or of political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
To maintain and manage the Bedwell Centre and encourage its use by the Community for the pursuit of common interests of a social, educational and recreational kind.
The Association shall be non-party in politics and non-sectarian in religion.
## **ACTIVITIES, PROGRESS AND ACHIEVEMENTS**
The Community Centre started this year in lockdown (due to The Covid-19 Pandemic). We were then allowed to open to only a few groups from 12[th] April. From 17[th] May we were allowed to open to the rest of our existing groups. This was all due to Government Legislation.
Some of our groups came back, but quite a few, especially groups with elderly people, did not start back straight away. In September more of our groups started coming back, but unfortunately, we did lose a few groups as they decided not to come back.
Page 2
## BEDWELL COMMUNITY ASSOCIATION
## **Trustees Annual Report Continued For the year ended 31[st] March 2022**
## **ACTIVITIES, PROGRESS AND ACHIEVEMENTS CONTINUED**
Private Functions and Children’s Party’s have been really hard hit. We did not start taking any functions back into the Community Centre until January 2022.
Because of Covid-19 and social distancing, we did not have our usual Fun Day, Halloween Party or any other fund raising events during 2021. The first fundraising event was in March 2022, when we had a very successful Race Night. Therefore, fund raising over this period has been down.
The Community Centre has been able to survive due to Government Business Grants, Re-Start Grants etc. Staff, who were not working were put on part or full furlough, which was funded in the main by the HMRC grants. This scheme ended at the end of September 2021, and the Community Centre were then responsible to cover all staff wages.
We received a Grant from the local Authority to help groups that were struggling. This went towards their rental costs for up to six months. We also received a grant from the local authority for a new cleaning machine.
January – March 2022 The Community Centre is again busy with The Pre-School using it Monday – Friday.
The Molly Vickers School of Dancing have increased the days they use the community centre, they are now running classes Monday – Saturday.
We continue to have Step2Skills (formally Hafls), offering courses in the Community Centre Monday – Friday.
The Community Centre hires its Halls/Rooms out to a variety of different groups and is open Monday – Friday 8am – 11pm.
We are also open on a Saturday and Sunday for groups wanting to use our facilities and hire our halls for private functions.
We have a Chiropody service at the community centre once a month, when people can make an appointment and get their feet done.
We continue to look at ways in which we can attract new groups to let our Halls/Rooms to, and thus provide more diverse skills and activities to the local community.
Page 3
## BEDWELL COMMUNITY ASSOCIATION
**Trustees Annual Report Continued For the year ended 31[st] March 2022**
## **FINANCE REVIEW**
The net result of this for the financial year end 31[st] March 2022 is a deficit of £4,349 (2021: surplus £25,859).
The enclosed financial statement shows the current state of the finances, which the Management Committee considers to be fair. Careful monitoring has been carried out to ensure the Association continues to operate efficiently for the community of Bedwell.
## **Reserves**
## **Reserves must be kept at a reasonable level in relation to the overall turnover of the organisation – per the Council’s policy on reserves of voluntary organisations applying for funding.**
For the financial good health of the Centre and the sustainability of the organisation we deem it prudent to keep reserves of not less than three month’s operating costs. Unfortunately, due to deficit core grant funding for several years, we have been unable to build up the required balance.
Free reserves are currently held at £16,694.
The estimate for the designated reserve, to cover staff redundancy payments and winding up costs are £27,375; this calculation does not include redundancy payments for Staff that have not worked for the organisation for more than two years. It is based on current payment levels. It is based on the assumption that any legal costs incurred in the closure of the Centre would be met directly by Stevenage Borough Council.
## **Approved by the Trustees on 11[th] July 2022 and signed on their behalf by:**
Page 4
## BEDWELL COMMUNITY ASSOCIATION
## **Independent Examiners Report For the year ended 31[st] March 2022**
I report on the accounts for the year ended 31[st] March 2022, which are set out on pages 6 to 15.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act: and
- whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and FRS 102
- have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Jane M E Seymour Community Accountant**
Orchard Villa, 2B Regent Street Stotfold, Hitchin Herts. SG5 4ED
Dated: 11[th] July 2022
Page 5
## **BEDWELL COMMUNITY ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022**
|**Notes**
**Income from:**
Donations and legacies
2
Charitable Activities
3
Other Trading activities
4
Investments
Other
5
**Total Income**
**Expenditure on:**
Raising Funds
Charitable Activities
6
**Total resources expended**
**Net incoming/ (expenditure)**
Transfers between funds
**Net Movement in Funds**
Total Funds brought forward
**Total funds carried forward**
16|**Unrestricted**
**Funds**
**£**
28,976
85,997
2,372
3
4,000
**121,348**
24
127,375
**127,399**
**(6,051)**
-
**(6,051)**
**22,745**|**Restricted**
**Funds**
**£**
4,627
-
-
-
-
**4,627**
-
2,925
**2,925**
**1,702**
-
**1,702**
**3,114**|**2022**
**Total**
**Funds**
**£**
33,603
85,997
2,372
3
4,000
**125,975**
24
130,300
**130,324**
**(4,349)**
-
**(4,349)**
25,859|**2021**
**Total**
**Funds**
**£**
85,421
31,553
346
4
4,000|
|---|---|---|---|---|
|||||**121,324**
-
100,035|
|||||**100,035**
**21,289**
-
**21,289**
4,570|
||**16,694**|**4,816**|**21,510**|**25,859**|
Page 6
## **BEDWELL COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31ST MARCH 2022**
|**Notes**
**£**
**Fixed Assets**
Tangible fixed assets
10
**Current Assets**
Debtors & prepayments
11
Cash at bank and in hand
**Total Current Assets**
Creditors: Amounts falling due
within one year
12
**Net Current Assets**
**Net Assets**
**Funds of the Charity**
Unrestricted funds
General funds
Restricted funds
Locality Budget Scheme - Comp/Printer
Locality Budget - Finance Computer
Big Lottery - Computer Suite
Sports Englands Tackling Inequalities Fund
Community Trust - Laptop
SCB Covid Fund - Equipment
SCB Fun Day
**Total Funds**
15|**2022**
**£**
4,344
4,903
24,813|**2021**
**£**
3,527
4,886
24,609|
|---|---|---|
||29,716
12,550
17,166
21,510
16,694
16,694
811
12
23
1,335
35
325
1,465
810
4,816
21,510|29,495
7,163|
|||22,332|
|||25,859|
|||22,745|
|||22,745
818
16
31
1,780
35
434
-
-|
|||3,114|
|||25,859|
Approved by the Trustees on 11th July 2022 and signed on their behalf by:
…………………………………… ………………………………….
The notes on pages 9 to 15 form part of these accounts
Page 7
## **BEDWELL COMMUNITY ASSOCIATION STATEMENT OF CASH FLOW AS AT 31 MARCH 2022**
||**Note**|**2022**|**2021**|
|---|---|---|---|
|||**£**|**£**|
|Cash flows from operating activities:||||
|_Net cash provided by (used in) operating activities_|_18_|_2,468_|_18,868_|
|Cash flows from capital expenditure & investing activities:||||
|Dividends, interest and rents from investments||3|3|
|Purchase of property, plant and equipment||(2,267)|(655)|
|_Net cash provided by (used in) investing activities_||_(2,264)_|_(652)_|
|_Change in cash and cash equivalents in the reporting period_||_204_|_18,216_|
|Cash and cash equivalents at the beginning of the reporting period||24,609|6,393|
|Change in cash and cash equivalents due to exchange rate movements||-|-|
|_Cash and cash equivalents at the end of the reporting period_||24,813|24,609|
Page89
**BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31st March 2022**
## **1 ACCOUNTING POLICIES Basis of preparation**
These Accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities (SORP 2015 restated where applicable) and in compliance with the Charities Act 2011.
## **Depreciation policy**
Tangible fixed assets are depreciated over the estimated useful economic lives. The depreciation rate currently in use for all fixed assets held for use by the charity is 25% on the reducing balance.
## **Fund accounting**
Funds held by the charity are either:
## _Unrestricted general funds_
These are funds which can be used in accordance with the charitable objectives at the discretion of the trustees.
## _Designated funds_
These are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
## _Restricted funds_
These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **Resources Expended**
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.
## **Incoming Resources**
All income is accounted for when the Charity has entitlement, there is certainty of receipt and the amount is measurable. Income is accounted for on a receivable basis, except for hall deposits that relate to bookings in a future accounting period, the income is deferred until those periods.
- **2**
|Donations
Grants - Stevenage Borough Council
Sport England
HMRC- Job Retention Scheme
Sports Englands Tackling Inequalities Fund
Community Trust
**Income from Donations and Legacies**|**Unrestricted**
**Restricted**
**2022**
**£**
161
-
161
18,599
3,330
21,929
-
-
-
10,216
-
10,216
-
-
-
-
1,297
2,594
28,976
4,627
34,900|**2021**
**£**
-
42,927
5,235
35,180
1,500
579|
|---|---|---|
|||85,421|
Page 9
## **BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS**
**for the year ended 31st March 2022**
|**3**
**Unrestricted**
Hall Hire
85,752
242
3
85,997
**4**
**Unrestricted**
Fundraising
2,372
**5**
**Unrestricted**
Employment Allowance
4,000
**6**
**Activity**
**Activity**
**undertaken**
**directly**
**£**
6&8 123,848
7
445
Canteen
8
3,102
Day Care
7
7
7
977
7
1,406
7
90
129,875
**7**
**Charitable Expenditure**
**Charitable Activities - Centre**
**Unrestricted Administration Expenses**
Admin Wages
Printing, Stationery & Advertising
Broadband, Telephone & Postage
Subscriptions & Affiliation Fees
Performing Rights Association
Health & Safety
Sundry Expenses
Licensing Fees
Software - Norton Security
Bank charges
Website
Payroll & HR Expenses
**Total Administation Fees**
**Other income**
Services Income
Refreshment income
**Analysis of Expenditure on charitable activities**
Redecoration, Equipment etc
Event
Community Centre
Big Lottery - Computer Suite
Community Trust - Laptop
**Income from Charitable Activities**
**Income from Other Trading Activities**|**Restricted**
-
-
-
-
**Restricted**
-
**Restricted**
-
**Grant**
**funding of**
**activities**
**£**
-
-
-
-
-
-
-
-|**2022**
**£**
85,752
242
3
85,997
**2022**
**£**
2,372
**2022**
**£**
4,000
**Support**
**Costs**
**£**
425
-
-
-
-
-
-
425
**2022**
**£**
42,509
325
1,782
26
1,746
86
1,181
180
40
11
410
1,207
**49,503**|**2021**
**£**
31,386
12
155|
|---|---|---|---|
||||31,553|
||||**2021**
**£**
346
**2021**
**£**
4,000
**Total**
**£**
124,273
445
3,102
7
977
1,406
90|
||||130,300|
||||**2021**
**£**
39,318
139
1,530
42
1,279
622
300
180
90
3
1,100
1,023|
||||**45,626**|
Page 10
## **BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS**
**for the year ended 31st March 2022**
|**7**
**Charitable Expenditure Continued**
**Charitable Activities - Centre**
**Unrestricted Maintenance Expenses**
Electricity
Equipment
Gas
Insurance
Laundry & Cleaning
Garden
Repairs & Renewals
Security
Equipment Depreciation
Water Rates
Caretaking/ cleaning wages
**Total Centre Costs**
**7**
**Charitable Expenditure**
**Charitable Activities - Centre**
**Restricted**
Community Trust Security equipment
SCB Covid Cleaning materials
Big Lottery Computer Suite project Dep'n
Community Trust Laptop Depreciation
Fun Day
SCB Covid Equipment
Locality Budget New Computer Dep'n
Day Care Chair/ Wheelchair Depreciation
Locality Budget Computer & Printer Dep'n
Total Restricted Expense
**8**
**Canteen Account**
**Cost of Sales**
Opening Stock
Purchases
Less Closing Stock
Canteen Wages
Total Canteen Costs
**9**
Independent Examiner's Fee**(See note 19)**
**Governance**|**2022**
**£**
3,860
269
5,323
1,595
2,413
425
5,295
1,568
389
2,593
50,615
74,345
**123,848**
**2022**
**£**
1,297
450
445
109
90
27
8
7
4
2,925
**2022**
**£**
-
425
425
-
425
2,677
3,102
**2022**
**£**
425
425|**2021**
**£**
2,532
197
2,875
1,466
1,381
485
-
1,191
413
2,920
33,103|
|---|---|---|
|||46,563|
|||**92,189**|
|||**2021**
**£**
-
-
593
145
-
-
11
10
5|
|||2,224|
|||**2021**
**£**
230
(8)
222
-
222
4,995|
|||5,217|
|||**2021**
**£**
400|
|||400|
Page 11
## **BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31st March 2022**
|**10 Fixed assets**
**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book values**
At 31 March 2021
At 31 March 2022
**11 Debtors & Prepayments**
Debtors
Prepayments and income accruals
**12 Creditors: Amounts falling due within one year**
Sundry Creditors
HMRC Tax & NI
Accruals and income prepayments
Pension Contributions|**Unrestricted**
**Equipment**
**£**
3,931
314|**Restricted**
**Equipment**
**£**
12,896
1,953|**Total**
**£**
16,827
2,267|
|---|---|---|---|
||4,245|14,849|19,094|
||2,695
389|10,605
1,061|13,300
1,450|
||3,084|11,666|14,750|
||1,236|2,291|3,527|
||1,161|3,183|4,344|
|||**2022**
**£**
4,741
162
4,903
**2022**
**£**
785
1,452
10,214
99
12,550|**2021**
**£**
337
4,549|
||||4,886|
||||**2021**
**£**
6
989
6,111
57|
||||7,163|
## **13 Trustees' Remuneration and Expenses**
No trustee remuneration has been directly or indirectly paid or payable for the year out of the funds of the charity to any trustee or to any person or person connected with any of them.
## **14 Employees' Remuneration**
Total remuneration for the year (excluding employer's contributions) amounted to £ 86,431 (2021: £70,255). No employee earned more than £40,000 p.a. or more. The average numbers of paid staff for the year were six (2021: seven).
Page 12
## **BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31st March 2022**
## **15 Reserves Policy**
## **Reserves must be kept at a reasonable level in relation to the overall turnover of the organisation – per the Council’s policy on reserves of voluntary organisations applying for funding.**
For the financial good health of the Centre and the sustainability of the organisation we deem it prudent to keep reserves of not less than three month’s operating costs. Covid-19 and the additional funds we have been able to access means we have been able to build our reserves back up to nearly the level required to meet our reserves policy.
Current free reserves are £16,694
The estimate for the reserve, to cover staff redundancy payments and winding up costs are £27,375, this calculation does not include redundancy payments for Staff that have not worked for the organisation for more than two years. It is based on current payment levels. It is based on the assumption that any legal costs incurred in the closure of the Centre would be met directly by Stevenage Borough Council.
## **16 Fund Analysis**
|**Fund Analysis**||
|---|---|
|
Incoming Resources
Resources Expended
**Net incoming resources**
**before transfers**
Transfer between funds
**Net movement in funds**
Total Funds B/fwd
**Total Funds C/Fwd**
Fixed Assets
Current Assets
Current Liabilities|**General**
**Locality**
**Budget**
**Scheme -**
**Comp/Print**
**Day Care-**
**SBC/Age**
**Concern**
**Locality**
**Budget -**
**Finance**
**Comp**
**Sub -**
**Total**
**£**
**£**
**£**
**£**
**£**
121,348
-
-
-
121,348
127,399
4
7
8
127,418|
||(6,051)
(4)
(7)
(8)
(6,070)
-
-
-
-
-|
||(6,051)
(4)
(7)
(8)
(6,070)
22,745
16
818
**31**
23,610|
||**16,694**
**12**
**811**
**23**
**17,540**|
||1,161
12
23
23
1,219
28,083
-
788
-
28,871
(12,550)
-
-
-
(12,550)|
||**16,694**
**12**
**811**
**23**
**17,540**|
Page 13
## **BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31st March 2022**
## **16 Fund Analysis Continued**
|**Fund Analysis Continued**||
|---|---|
|Incoming Resources
Resources Expended
**Net incoming resources**
**before transfers**
Transfer between funds
**Net movement in funds**
Total Funds B/fwd
**Total Funds C/Fwd**
Fixed Assets
Current Assets
Current Liabilities|**B/Fwd**
**Big Lottery -**
**Computer**
**Suite**
**Community**
**Trust**
**Equipment**
**Sports**
**Englands**
**Tackling**
**Inequalities**
**Fund**
**Sub -**
**Total**
**£**
**£**
**£**
**£**
**£**
121,348
-
1,297
-
122,645
127,418
445
1,406
-
129,269|
||(6,070)
(445)
109
-
-
(6,624)
-
-
-
-
-|
||(6,070)
(445)
109
-
-
(6,624)
23,610
1,780
434
35
25,859|
||**17,540**
**1,335**
**325**
**35**
**19,235**|
||1,219
1,335
325
-
2,879
28,871
-
-
35
28,906
(12,550)
-
-
-
(12,550)|
||**17,540**
**1,335**
**325**
**35**
**19,235**|
|Incoming Resources
Resources Expended
**Net incoming resources**
**before transfers**
Transfer between funds
**Net movement in funds**
Total Funds B/fwd
**Total Funds C/Fwd**
Fixed Assets
Current Assets
Current Liabilities|**B/Fwd**
**SCB Covid**
**Equipment**
**SCB Fun Day**
**Sub -**
**Total**
**£**
**£**
**£**
**£**
**£**
122,645
2,430
900
-
125,975
129,269
965
90
-
130,324|
|---|---|
||(6,624)
1,465
810
-
(4,349)
-
-
-
-
-|
||(6,624)
1,465
810
-
(4,349)
25,859
-
-
-
25,859|
||**19,235**
**1,465**
**810**
**-**
**21,510**|
||2,879
1,465
-
-
4,344
28,906
-
810
-
29,716
(12,550)
-
-
-
(12,550)|
||**19,235**
**1,465**
**810**
**-**
**21,510**|
Page 14
## **BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31st March 2022**
## **17 Volunteers**
Volunteer information is as follows:
||**Number of**|**No of Hours**|**Total**|
|---|---|---|---|
|**Activity 2021/22**|**Volunteers**|**per Volunteer**|**Hours**|
|Centre Activities - Bingo|3|12|36|
||**Number of**|**No of Hours**|**Total**|
|**Activity 2020/21**|**Volunteers**|**per Volunteer**|**Hours**|
|Centre Activities - Bingo|3|12|36|
## **18 Notes to the cash flow statement**
Reconciliation of net income/(expenditure) to net cash flow from operating activities
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|Net income/(expenditure) for the year|(4,349)|21,289|
|**Adjustments for:**|||
|Depreciation charges|1,450|1,177|
|Dividends, interest and rents from investments|(3)|(3)|
|(Increase)/decrease in stocks|-|230|
|(Increase)/decrease in debtors|(17)|-|
|Increase/(decrease) in creditors|5,387|-|
|**Net cash provided by operating**|**2,468**|**22,693**|
|Analysis of net cash resources|||
||**2022**|**2021**|
||**£**|**£**|
|Cash in hand|24,813|24,609|
## **19 Independent Examiner's**
Fees of £425 have been accrued for the 2022 (2021: £400) examination and preparation of accounts.
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