| Page | |
|---|---|
| Reference and administrative details of the charity, its tmstees and advisers | 1.2 |
| Brigade Executive's Annual Report | 3-9 |
| Independent auditors' report | 10-12 |
| Statement of financial activities | 13 |
| Balance sheet | 14 |
| Cash flow statement & analysis of net debt | 15 |
| Notes to the financial statements | 16-38 |
| Office Bearers | |
|---|---|
| President | Rev Dez Johnston |
| Vice Presidents | David Aubrey KC |
| Alison Chambers | |
| Mervyn Murdock | |
| lan Rumbelow | |
| Treasurer | Stephen Mann |
| Chaplain | Rev Leigh Maydew (term of office completed 2nd September 2022) |
| Rev Stewart Cutler (appointed 3rd September 2022) | |
| Trustees | David Aubrey KC (tenn of office completed 2nd September 2022) |
| Lee Bird | |
| Stewart Buchanan | |
| Ronald Campbell | |
| Robert Cunningham | |
| Rev Stewart Cutler (appointed 3rd September 2022) | |
| Philip Daley | |
| Jaime Ellis | |
| Thorn Hammond (resigned 1st December 2022) | |
| Michael MacAulay (term of office completed 2nd September 2022) | |
| Stephen Mann | |
| Rev Leigh Maydew (term of office completed 2nd September 2022) | |
| Paul McCarroll (resigned 7th March 2023) | |
| Margaret Pang (appointed 26th January 2023) | |
| lan Rumbelow | |
| Sam Templeton (appointed 3rd September 2022) | |
| Company registered number | 145122 |
| Charity registered numbers | 305969 and SC038016 |
| Registered office | Felden Lodge |
| Hemel Hempstead | |
| Hertfordshire | |
| HP3 OBL | |
| Company Secretary and | |
| Chief Executive Officer | Jonathan Bales |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||
| Note | 2023 | 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | £ | ||
| Income and endowments from: | ||||||
| Donations and legacies | 4 | 415,271 | 33,305 | 448,576 | 204,605 | |
| Training centres | 566,834 | 566,834 | 306,181 | |||
| Investments | 6 | 57,283 | 2,337 | 1,059 | 60,679 | 40,696 |
| Charitable activities: | ||||||
| Annual capitation contributions | 917,412 | 917,412 | 755,261 | |||
| Supplies sales | 3 | 523,195 | 523,195 | 391,955 | ||
| Grants receivable | 5 | 108,197 | 354,703 | 462,900 | 342,293 | |
| Annual festival and other events | 26,349 | 26,349 | 2,950 | |||
| Total income and endowments | 2,614,541 | 390,345 | 1,059 | 3,005,945 | 2,043,941 | |
| Expenditure on: | ||||||
| Raising funds: | ||||||
| Cost of raising funds | 9 | 181,242 | 181,242 | 201,725 | ||
| Training centres (non-Brigade use) | 455,854 | 455,854 | 394,213 | |||
| Investment management | 8,206 | 949 | 396 | 9,551 | 11,940 | |
| Charitable activities: | ||||||
| Supplies - Cost of sales | 3 | 299,335 | 299,335 | 244,549 | ||
| Supplies - Administration | 3 | 98,486 | 98,486 | 86,671 | ||
| Grants payable | 7 | 115,529 | 102,054 | 217,583 | 171,706 | |
| Training centres (Brigade use) | 80,445 | 80,445 | 43,801 | |||
| Management and delivery of activities |
9 | 1,191,933 | 280,718 | 670 | 1,473,321 | 1,014,042 |
| Exceptional pension costs | 2 | 81,000 | ||||
| Total expenditure | 2,431,030 | 383,721 | 1,066 | 2,815,817 | 2,249,647 | |
| Net income / (expenditure) before investment gains/(Iosses) |
183,511 | 6,624 | (7) | 190,128 | (205,706) | |
| Net (losses)/gains on investments 14 | (77,453) | (3,957) | (2,653) | (84,063) | 32,860 | |
| Net income / (expenditure) before transfers |
106,058 | 2,667 | (2,660) | 106,065 | (172,846) | |
| Transfers between Funds | 19 | 46,366 | (46,366) | |||
| Net income / (expenditure) before | ||||||
| other gains and losses | 152,424 | (43,699) | (2,660) | 106,065 | (172,846) | |
| Actuarial (losses)/gains on defined | ||||||
| benefit pension scheme 24 | (35,000) | (35,000) | 66,000 | |||
| Net movement in funds | 117,424 | (43,699) | (2,660) | 71,065 | (106,846) | |
| Reconciliation of funds: | ||||||
| Total funds at 1 April 2022 | 4,348,682 | 271,743 | 36,169 | 4,656,594 | 4,763,440 | |
| Total funds at 31 March 2023 | 19 | 4,466,106 | 228,044 | 33,509 | 4,727,659 | 4,656,594 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Intangible assets | 12 | 1 | 29,083 | ||
| Tangible assets | 13 | 3,567,188 | 3,567,188 | ||
| Investments | 14 | 815,565 | 897,730 | ||
| 4,382,754 | 4,494,001 | ||||
| Current assets | |||||
| Stocks | 15 | 230,952 | 188,977 | ||
| Debtors | 16 | 306,321 | 197,458 | ||
| Cash at bank and in hand | 23 | 590,475 | 402,940 | ||
| 1,127,748 | 789,375 | ||||
| Creditors: amounts falling due within one year | 17 | (433,907) | (302,824) | ||
| Net current assets | 693,841 | 486,551 | |||
| Total assets less current liabilities | 5,076,595 | 4,980,552 | |||
| Deferred income | 18 | (348,936) | (323,958) | ||
| Net assets | 4,727,659 | 4,656,594 | |||
| Charity Funds | |||||
| Endowment funds | 19 | 33,509 | 36,169 | ||
| Restricted funds | 19 | 228,044 | 271,743 | ||
| Unrestricted funds | 19 | 4,466,106 | 4,348,682 | ||
| Total funds | 4,727,659 | 4,656,594 |
| Cash flow statement | 2023 | 2022 | |
|---|---|---|---|
| Note | £ | £ | |
| Cash flows from operating activities | |||
| Net cash provided by/(used in) operating activities | 22 | 164,302 | (81,062) |
| Cash flows from investing activities: | |||
| Dividends, interest and rents from investments | 23,233 | 20,960 | |
| Transfer from investment portfolio | 100,000 | ||
| Net cash provided by investing activities | 23,233 | 120,960 | |
| Change in cash and cash equivalents in the year | 187,535 | 39,898 | |
| Cash and cash equivalents brought forward | 402,940 | 363,042 | |
| Cash and cash equivalents carried forward | 23 | 590,475 | 402,940 |
| Analysis of net debt | At 1 April 2022 |
Cash flows | At 31 March 2023 |
| £ | £ | £ | |
| Cash at bank and in hand | 402,940 | 187,535 | 590,475 |
| Loans falling due within one year | (5,000) | (5,000) | |
| 397,940 | 187,535 | 585,475 |
| 2023 | 2022 | |
|---|---|---|
| Income from: | £ | £ |
| Donations and legacies | 415,271 | 163,766 |
| Training centres and other rental income | 566,834 | 306,181 |
| Investment income | 57,283 | 37,828 |
| Annual capitation contributions | 917,412 | 755,261 |
| Supplies sales | 523,195 | 391,955 |
| Grants | 108,197 | 185,369 |
| Annual festivals and other events | 26,349 | 2,950 |
| Total income | 2,614,541 | 1,843,310 |
| Expenditure on: | ||
| Cost of raising funds | 181,242 | 201,725 |
| Training centres (non-Brigade use) | 455,854 | 394,213 |
| Investment management fees | 8,206 | 10,482 |
| Supplies - cost of sales | 299,335 | 244,549 |
| Supplies - administration | 98,486 | 86,671 |
| Grants to Battalions and Districts | 115,529 | 101,079 |
| Training centres (Brigade use) | 80,445 | 43,801 |
| Management and delivery of the charity's puq^oses | 1,191,933 | 865,297 |
| Exceptional pension costs | 81,000 | |
| Total expenditure | 2,431,030 | 2,028,817 |
| Net income/(expenditure) before investment gains | 183,511 | (185,507) |
| Investment (losses)/gains | (77,453) | 32,600 |
| Net operating surplus/(deficit) | 106,058 | (152,907) |
| Transfers from other funds | 46,366 | |
| 152,424 | (152,907) | |
| Actuarial (losses )/gains on defined benefit pension scheme | (35,000) | 66,000 |
| Net movement in funds for year | 117,424 | (86,907) |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Sales | 523,195 | 391,955 |
| Cost of sales | (299,335) | (244,549) |
| 223,860 | 147,406 | |
| Administration | (98,486) | (86,671) |
| Net surplus | 125,374 | 60,735 |
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |
| 2023 | 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Donations | 79,561 | 33,305 | 112,866 | 102,925 | |
| Legacies | 335,710 | 335,710 | 101,680 | ||
| 415,271 | 33,305 | 448,576 | 204,605 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| General fund: - | ||
| Children, Young People and Families Early Intervention Fund | 63,000 | 60,000 |
| Falkirk Council Covid-19 Support | 4,245 | 15,100 |
| Dacorum Council Hospitality | 6,000 | |
| Coronavirus Job Retention Scheme | 55,032 | |
| 67,245 | 136,132 | |
| Restricted funds: - | ||
| NVYO Support Fund | 10,000 | 18,500 |
| Youth Scotland Generation Cashback Phase 5 | 118,823 | 120,860 |
| Church of Scotland - Guild Project | 1,095 | 5,781 |
| Coronavirus Job Retention Scheme | 11,783 | |
| Bolton University | 35,500 | |
| Uniformed Youth Fund - DCMS | 66,616 | |
| Youth Investment Fund - DCMS | 122,669 | |
| 354,703 | 156,924 | |
| Designated funds: - | ||
| Landfill Tmsts | 40,952 | 49,237 |
| 40.952 | 49,237 | |
| 462,900 | 342,293 |
| Unrestricted Restricted | Endowment Total | Total | |
|---|---|---|---|
| funds funds | funds funds | funds | |
| 2023 2023 | 2023 2023 | 2022 | |
| £ £ | £ £ | £ | |
| Deposit interest | 1,300 | 1,300 | 64 |
| Income from investments | 18,983 2,337 |
1,059 22,379 |
21,632 |
| Pension income | 37,000 | 37,000 | 19,000 |
| 57,283 2,337 |
1,059 60,679 |
40,696 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2023 £ |
2023£ | 2023£ | 2022 £ |
|
| Northern Ireland District | 115,529 | 115,529 | 101,079 | |
| Other Battalions, Districts and Companies | 102,054 | 102,054 | 70,627 | |
| 115,529 | 102,054 | 217,583 | 171,706 |
| Unrestricted Restricted Endowment Total | Total | |
|---|---|---|
| funds funds funds funds | funds | |
| 2023 2023 2023 2023 £ £ £ £ |
2022£ | |
| Auditors' remuneration - audit services | 9,500 9,500 |
9,500 |
| Auditors' remuneration - other services | 13,266 13,266 |
13,181 |
| Committee expenses | 5,548 5,548 |
3,375 |
| Legal and professional fees | 63,206 63,206 |
10,763 |
| Annual report | 1,750 1,750 |
760 |
| Staff training | 751 751 |
|
| 94,021 94,021 |
37,579 |
| Management | ||||
|---|---|---|---|---|
| Cost of and delivery of | ||||
| generating charity's | Total | |||
| funds Supplies | purposes | 2023 | 2022 | |
| £ £ £ | £ | £ | ||
| Staffcosts 83,531 | 10,716 | 429,819 | 524,066 | 534,879 |
| Staff training 106 | 554 | 660 | 1,849 | |
| Outsourcing management fee | 52,726 | 52,726 | 45,737 | |
| Travelling 4,518 | 23,717 | 28,235 | 18,831 | |
| Development 1,326 | 6,959 | 8,285 | 11,986 | |
| Training courses 4,666 | 24,495 | 29,161 | 1,696 | |
| Office services 5,407 | 28,388 | 33,795 | 24,301 | |
| Insurance 20,719 | 108,773 | 129,492 | 132,582 | |
| Printing and stationery 969 | 5,085 | 6,054 | 4,254 | |
| IT expenses 6,684 | 35,093 | 41,777 | 40,623 | |
| Postage and carriage 364 | 35,044 | 1,910 | 37,318 | 29,886 |
| Repairs and maintenance 324 | 1,700 | 2,024 | 2,807 | |
| Leasing 2,188 | 11,489 | 13,677 | 15,589 | |
| Amortisation 4,653 | 24,428 | 29,081 | 265 | |
| Communications 5,364 | 28,159 | 33,523 | 61,083 | |
| Sundries 914 | 4,799 | 5,713 | 8,809 | |
| Irrecoverable VAT 9,744 | 51,155 | 60,899 | 36,751 | |
| Bank charges 2,094 | 11,144 | 13,238 | 9,085 | |
| Subscription to Global & | ||||
| European Fellowship | 1,500 | 1,500 | 1,500 | |
| Online Brigade Manager 6,646 | 34,903 | 41,549 | 43,266 | |
| Pension scheme costs | 64,725 | 64,725 | 37,441 | |
| Governance costs 21.025 | 72,996 | 94,021 | 37,579 | |
| Direct expenditure attributable to | ||||
| Designated Funds | 260,142 | 260,142 | 92,894 | |
| Internal recharges to | ||||
| training centres | (40,000) | (40,000) | (40,000) | |
| 181,242 | 98,486 | 1,191,933 | 1,471,661 | 1,153,693 |
| Included above are support costs of: - | ||||
| Staff costs | 57,726 | 57,726 | 50,958 | |
| Other costs | 3,737 | 3,737 | 2,333 | |
| Governance costs 21,025 |
72,996 | 94,021 | 37,579 | |
| Operations | 2,427 | 2,427 | ||
| 21,025 | 136,886 | 157,911 | 90,870 |
| This is stated after charging: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Operating lease expense | 63,064 | 65,547 |
| Amortisation charged | 29,082 | 264 |
| Auditors' remuneration - audit services | 9,500 | 9,500 |
| Auditors' remuneration - other services | 13,266 | 13,181 |
| Trustee and officer indemnity insurance | 4,823 | 4,580 |
| Staff costs were as follows: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Wages and salaries | 682,668 | 736,539 |
| Social security costs | 59,105 | 49,908 |
| Defined contribution pension costs | 28,653 | 28,094 |
| Defined benefit pension operating costs | 14,000 | 16,000 |
| Redundancy costs | 18,485 | |
| 784,426 | 849,026 |
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Full time | 24 | 26 |
| Part time | 10 | 5 |
| 34 | 31 |
| Access Rights | ||||
|---|---|---|---|---|
| to Felden | ||||
| Lodge£ | Copyrights£ | Total £ |
||
| Cost | ||||
| At 1 April 2022 and 31 March 2023 | 33,047 | 1 | 33,048 | |
| Amortisation | ||||
| At 1 April 2022 | 3,965 | 3,965 | ||
| Charge for the year | 29,082 | 29,082 | ||
| At 31 March 2023 | 33,047 | 33,047 | ||
| Net book value | ||||
| At 31 March 2023 | 1 | 1 | ||
| At 31 March 2022 | 29,082 | 1 | 29,083 | |
| 13. | TANGIBLE FIXED ASSETS | |||
| Freehold | Fixtures & | |||
| property£ | fittings £ |
Total£ | ||
| Cost | ||||
| At 1 April 2022 and 31 March 2023 | 3,588,232 | 257,133 | 3,845,365 | |
| Depreciation | ||||
| At 1 April 2022 | 21,044 | 257,133 | 278,177 | |
| Charge for the year | ||||
| At 31 March 2023 | 21,044 | 257,133 | 278,177 | |
| Net book value | ||||
| At 31 March 2023 | 3,567,188 | 3,567,188 | ||
| At 31 March 2022 | 3,567,188 | 3,567,188 |
| Unrestricted | Restricted | Endowment | ||
|---|---|---|---|---|
| Funds£ | Funds£ | Funds£ | Total £ |
|
| 1 April 2022 Additions |
774,410 232,345 |
87,151 1,503 |
36,169 7,095 |
897,730 240,943 |
| Disposals Net realised and unrealised gains/(losses) |
(229,536) (77,453) |
(2,407) (3,957) |
(7,102) (2,653) |
(239,045) (84,063) |
| 31 March 2023 | 699,766 | 82,290 | 33,509 | 815,565 |
| 2023 £ |
2022£ | |
|---|---|---|
| Consumables | 10,712 | 7,224 |
| Supplies for resale | 220,240 | 181,753 |
| 230,952 | 188,977 |
| 2023 £ |
2022£ | |
|---|---|---|
| Trade debtors | 141,055 | 39,532 |
| Other debtors | 1,058 | 5,287 |
| Prepayments and accrued income | 164,208 | 152,639 |
| 306,321 | 197,458 |
| 17. CREDITORS: | ||
|---|---|---|
| Amounts falling due within one year | ||
| 2023£ | 2022 £ |
|
| Other loans | 5,000 | 5,000 |
| Payments received on account | 11,179 | 3,526 |
| Trade creditors | 196,763 | 171,641 |
| Other taxation and social security | 32,623 | 21,334 |
| Other creditors | 69,728 | 31,218 |
| Accruals and deferred income | 118,614 | 70,105 |
| 433,907 | 302,824 | |
| 18. ACCRUALS AND DEFERRED INCOME | ||
| 2023£ | 2022 £ |
|
| Annual capitation contributions received in advance | 348,936 | 323,958 |
| Brought | Transfers | Carried | |||
|---|---|---|---|---|---|
| Forward£ | Income Expenditure £ £ |
in/out Gains/(losses) £ £ |
forward£ | ||
| Designated funds | |||||
| Freehold Property Fund Building Fund Unite Christian Festival |
3,567,189 4,592 |
40,953 (40,770) |
1,007 | 3,567,189 5,782 |
|
| England Carronvale Appeal Children and Youthwork Fund England Support Minibus Fund KGVI Fund Scottish Development Strategic Plan Fund Ken- Charitable Trust |
11,809 1,007 84,438 25,367 549 2,737 5,414 31,496 5,000 |
14,731 15,000 64,640 (13,830) (173,950) (6,310) (449) (20,502) (4,331) |
(1,007) 225,000 (5,000) 51,366 |
12,710 135,488 19,057 100 2,737 15,414 127,000 669 |
|
| 3,739,598 | 135,324 (260,142) |
271,366 | 3,886,146 | ||
| General funds | |||||
| General Fund Pension reserve |
609,084 | 2,442,217 37,000 (2,168,888) (2,000) |
(225,000) | (77,453) (35,000) |
579,960 |
| 609,084 | 2,479,217 (2,170,888) | (225,000) | (112,453) | 579,960 | |
| Total Unrestricted funds | 4,348,682 | 2,614,541 (2,431,030) | 46,366 | (112,453) | 4,466,106 |
| Brought | Transfers Carried | ||
|---|---|---|---|
| Forward£ | Income Expenditure £ £ |
in/out Gains/(losses) forward £ £ £ |
|
| Endowment funds | |||
| Cave Allan Legacy | 36,169 | 1,059 (1,066) |
(2,653) 33,509 |
| Brought | Transfers | Carried | ||||
|---|---|---|---|---|---|---|
| Forward | Income Expenditure | in/out Gains/(losses) | forward | |||
| £ | £ £ | £ £ | £ | |||
| Restricted funds | ||||||
| National Training Appeal | 3,406 | (3,406) | ||||
| John Burke Fund Friends of Carronvale Friends of Felden 8th Grimsby Funds Overseas work |
55,319 1,980 44,809 2,946 |
1,242 2,381 300 1,096 |
(5,929) (2,187) (2,152) (445) |
(2,560) (1,397) |
48,072 194 128 44,063 2,946 |
|
| Youth Scotland Generation | ||||||
| CashBack Phase 5 | 71,223 | 118,823 | (128,408) | 61,638 | ||
| Events England Region Youthlink NVYO Support Church of Scotland - Guild |
7,850 49,179 |
10,000 | (676) (11,913) |
(10,000) | 7,174 37,266 |
|
| Project Friends ofFelden - Name a |
21,719 | 1,095 (37,814) | 15,000 | |||
| Chair John Scott Charitable Trust London District Fund |
3,830 9,482 |
30,624 | (4,614) (30,624) |
3,830 4,868 |
||
| Bolton University Uniformed Youth Fund Youth Investment Fund |
35,500 66,615 122,669 |
(25,037) (36,615) (93,901) |
(30,000) (21,366) |
10,463 7,402 |
||
| 271,743 | 390,345 | (383,721) | (46,366) | (3,957) | 228,044 | |
| Total funds | 4,656,594 | 3,005,945 (2,815,817) | (119,063) | 4,727,659 |
| Brought | Transfers | Carried | ||
|---|---|---|---|---|
| Forward £ |
Income Expenditure £ £ |
in/out Gains/(losses) £ £ |
forward £ |
|
| Designated funds | ||||
| Freehold Property Fund Building Fund Unite Christian Festival |
3,567,189 2,609 |
54,236 (52,253) |
3,567,189 4,592 |
|
| England Carronvale Appeal Children and Youthwork Fund England Support Minibus Fund KGVI Fund Scottish Development Strategic Plan Fund Kerr Charitable Tmst |
14,420 1,007 109,216 26,909 3,348 2,737 414 31,732 |
2,950 4,138 5,000 1,587 5,000 (5,561) (24,778) (5,680) (2,799) (1,823) |
11,809 1,007 84,438 25,367 549 2,737 5,414 31,496 5,000 |
|
| 3,759,581 | 72,911 (92,894) |
3,739,598 | ||
| General funds | ||||
| General Fund Pension reserve |
676,008 | 1,751,399 (1,850,923) 19,000 (85,000) |
32,600 66,000 |
609,084 |
| 676,008 | 1,770,399 (1,935,923) | 98,600 | 609,084 | |
| Total Unrestricted funds | 4,435,589 | 1,843,310 (2,028,817) | 98,600 | 4,348,682 |
| Brought | Transfers Carried | |||
| Forward £ |
Income Expenditure £ £ |
in/out Gains/(Iosses) forward £ £ £ |
||
| Endowment funds | ||||
| Cave Allan Legacy | 37,939 | 936 (2,033) |
(673) | 36,169 |
| Brought | Transfers | Carried | |||
|---|---|---|---|---|---|
| Forward£ | Income Expenditure £ £ |
in/out Gains/(losses) £ £ |
forward£ | ||
| Restricted funds | |||||
| National Training Appeal John Burke Fund Friends of Carronvale Friends of Felden |
3,914 54,519 626 1,955 |
1,010 738 25 |
(508) (547) (1,364) |
337 | 3,406 55,319 1,980 |
| 8th Grimsby Funds Overseas work |
43,772 2,946 |
922 | (481) | 596 | 44,809 2,946 |
| Roy Inglis Legacy Cashback - Young People Take |
4,619 | (4,619) | |||
| the Lead Youth Scotland Generation |
19,583 | 2,999 | (22,582) | ||
| CashBack Phase 4 Youth Scotland Generation |
15,070 | 1,513 | (16,583) | ||
| CashBack Phase 5 Events England Region Youthlink NVYO Support Church of Scotland - Guild |
35,183 7,850 39,822 |
120,859 18,500 |
(84,819) (9,143) |
71,223 7,850 49,179 |
|
| Project | 42,013 | 5,796 | (26,090) | 21,719 | |
| Wales Development Friends ofFelden - Name a |
4,640 | 18,979 | (23,619) | ||
| Chair John Scott Charitable Trust London District Fund |
3,400 10,000 |
430 27,924 |
(518) (27,924) |
3,830 9,482 |
|
| 289,912 | 199,695 | (218,797) | 933 | 271,743 | |
| Total funds | 4,763,440 | 2,043,941 (2,249,647) | 98,860 | 4,656,594 |
| Brought | Transfers Carried | Transfers Carried | Transfers Carried | ||
|---|---|---|---|---|---|
| Forward£ | Income Expenditure £ £ |
in/out Gains/(losses) forward £ £ £ |
|||
| Designated funds General funds |
3,739,598 609,084 |
135,324 2,479,217 (260,142) (2,170,888) |
271,366 (225,000) |
(112,453) | 3,886,146 579,960 |
| 4,348,682 | 2,614,541 (2,431,030) | 46,366 | (112,453) | 4,466,106 | |
| Endowment funds Restricted funds |
36,169 271,743 |
1,059 390,345 (1,066) (383,721) |
(46,366) | (2,653) (3,957) |
33,509 228,044 |
| 4,656,594 | 3,005,945 (2,815,817) | (119,063) | 4,727,659 |
| Brought | Transfers | Carried | |||
|---|---|---|---|---|---|
| Forward £ |
Income Expenditure £ £ |
in/out Gains/(losses) £ £ |
forward £ |
||
| Designated funds General funds |
3,759,581 676,008 |
72,911 1,770,399 |
(92,894) (1,935,923) |
98,600 | 3,739,598 609,084 |
| 4,435,589 | 1,843,310 (2,028,817) | 98,600 | 4,348,682 | ||
| Endowment funds Restricted funds |
37,939 289,912 |
936 199,695 |
(2,033) (218,797) |
(673) 933 |
36,169 271,743 |
| 4,763,440 | 2,043,941 (2,249,647) | 98,860 | 4,656,594 | ||
| NANCIAL INSTRUMENTS | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Financial assets | |||||
| Financial assets that are measured at fair value | 815,565 | 897,730 | |||
| 815,565 | 897,730 |
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |
| 2023£ | 2023£ | 2023 £ |
2023£ | 2022 £ |
|
| Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year Deferred income |
3,567,188 1 699,766 981,994 (433,907) (348,936) |
82,290 145,754 |
33,509 | 3,567,188 1 815,565 1,127,748 (433,907) (348,936) |
3,567,188 29,083 897,730 789,375 (302,824) (323,958) |
| 4,466,106 | 228,044 | 33,509 | 4,727,659 | 4,656,594 |
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Tangible fixed assets | 3,567,188 | 3,567,188 | 3,567,188 | ||
| Intangible fixed assets | 29,083 | 29,083 | 29,347 | ||
| Fixed asset investments | 774,410 | 87,151 | 36,169 | 897,730 | 976,073 |
| Current assets | 604,783 | 184,592 | 789,375 | 690,941 | |
| Creditors due within one year | (302,824) | (302,824) | (264,024) | ||
| Deferred income | (323,958) | (323,958) | (236,085) | ||
| 4,348,682 | 271,743 | 36,169 | 4,656,594 | 4,763,440 |
| CONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES |
||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Net income/(expenditure) for the year (as per Statement of Financial Activities) | 106,065 | (172,846) |
| Adjustment for: | ||
| Depreciation and amortisation charges | 29,082 | 264 |
| Losses/(gains) on investments | 84,063 | (32,860) |
| Dividends, interest and rents from investments | (23,679) | (21,696) |
| Donations of investments | (11,000) | |
| Investment management fees | 9,548 | 11,939 |
| Adjustment in respect of defined benefit pension scheme | (35,000) | 66,000 |
| (Increase)/decrease in stocks | (41,975) | 21,681 |
| (Increase) in debtors | (108,863) | (80,217) |
| Increase in creditors | 156,061 | 126,673 |
| Net cash provided by/(used in) operating activities | 164,302 | (81,062) |
| ALYSIS OF CASH AND CASH EQUIVALENTS | ||
| 2023 | 2022 | |
| £ | £ | |
| Cash at bank and in hand | 590,475 | 402,940 |
| 2023£ | 2022 £ |
|
|---|---|---|
| Opening defined benefit obligation | 5,454,000 | 6,000,000 |
| Current service cost | 14,000 | 16,000 |
| Scheme changes - GMP Equalisation | 81,000 | |
| Employee contributions | 5,000 | 4,000 |
| Interest cost | 144,000 | 112,000 |
| Actuarial gains | (1,267,000) | (503,000) |
| Benefits paid | (294,000) | (256,000) |
| Closing defined benefit obligation | 4,056,000 | 5,454,000 |
| Changes in the fair value of scheme assets were as follows: | ||
| 2023 | 2022 | |
| £ | £ | |
| Opening fair value of scheme assets | 5,454,000 | 6,000,000 |
| Interest on assets | 181,000 | 131,000 |
| Actuarial losses | (1,302,000) | (437,000) |
| Contributions by employer | 12,000 | 12,000 |
| Employee contributions | 5,000 | 4,000 |
| Benefits paid | (294,000) | (256,000) |
| 4,056,000 | 5,454,000 | |
| The amounts recognised in the Balance sheet are as follows: | ||
| 2023 | 2022 | |
| £ | £ | |
| Fair value of scheme assets | 5,922,000 | 6,848,000 |
| Present value of funded obligations | (4,056,000) | (5,454,000) |
| Surplus not recognised | (1,866,000) | (1,394,000) |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Current service cost | (14,000) | (16,000) |
| Scheme changes - GMP Equalisation | (81,000) | |
| Interest on obligation | (144,000) | (112,000) |
| Interest on assets | 181,000 | 131,000 |
| 23,000 | (78,000) | |
| Return on scheme assets less interest liabilities | (830,000) | (34,000) |
| Experience gains arising on scheme liabilities | 278,000 | 76,000 |
| Impact of changes in actuarial assumptions on scheme liabilities | 989,000 | 427,000 |
| Surplus not recognised | (472,000) | (403,000) |
| (35,000) | 66,000 |
| The major categories of scheme assets as a percentage of total scheme assets are as follows: | ||
|---|---|---|
| 2023 £ |
2022£ | |
| Equities | 61.0% | 63.0% |
| Bonds | 29.0% | 32.0% |
| Cash | 4.0% | 4.0% |
| Annuities | 6.0% | 1.0% |
| Principal actuarial assumptions at the Balance sheet date (expressed as weighted averages): | ||
| 2023 | 2022 | |
| £ | £ | |
| Discount rate at 31 March | 4.70% | 2.70% |
| Future salary increases | 2.50% | 2.50% |
| Future pension increases | 3.35% | 4.15% |
| Retail price inflation | 3.35% | 4.15% |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Amounts payable: | ||
| Within one year | 7,010 | 12,258 |
| Between 1 and 5 years | 4,800 | 11,810 |
| 11,810 | 24,068 |