| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 | |
| Indepeudent Examiner's |
Report | |||
| Statement ofFinancial Activities | ||||
| Balance Sheet | ||||
| Cash Flow Statement | ||||
| Notes to the Cash Flow | Statement | |||
| Notes to the Financial Statements | 10 | to | 17 | |
| Detailed Statement ofFinancial Activities | 18 | to | 19 |
| 30.9.23 | 30.9.22 | ||||||
|---|---|---|---|---|---|---|---|
| Fair | |||||||
| Unrestricted | value | Total | Total | ||||
| fund | reserve | funds | funds | ||||
| Notes | I | ||||||
| INCOME AND ENDOWMENTS FROM | |||||||
| Charitable activities |
|||||||
| Income fiom tours | 456,529 | 456,529 | 296,846 | ||||
| Other trading activities | 200 | 200 | 10,079 | ||||
| Investment income |
50,766 | 50,766 | 46,131 | ||||
| Total | 507,495 | 507,495 | 353,056 | ||||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Tour and accommodation | costs | 388,793 | 388,793 | 271,732 | |||
| Support costs | 110,588 | 110,588 | 99,481 | ||||
| Fundraising and publicity |
2,679 | 2,679 | 2,477 | ||||
| Grants to deserving cases |
14,765 | 14,765 | 8,709 | ||||
| Total | 516,825 | 516,825 | 382,399 | ||||
| NET INCOME/(EXPENDITURE) | (9,330) | (9,330) | (29,343) | ||||
| Other recognised gaias/(losses) |
|||||||
| Gains on revaluation offixed assets | 219,790 | ||||||
| Net movement in fuads |
(9,330) | (9,330) | 190,447 | ||||
| RECONCILIATION OFFUNDS |
|||||||
| Total funds brought forward |
1,080,439 | 1,487,879 | 2,568,318 | 2,377,871 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,071,109 | 1,487,879 | 2,558,988 | 2,568,318 | |||
| CONTINUING OPERATIONS |
|||||||
| All income and expenditure | has arisen Irom | continuing | activities. |
| BALANCE SHEET | BALANCE SHEET | BALANCE SHEET | ||||
|---|---|---|---|---|---|---|
| H | PT | 22 | ||||
| 30.9.23 | 30.9.22 | |||||
| Fair | ||||||
| Unrestricted | value | Total | Total | |||
| fund | reserve | funds | funds | |||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 13 | 786,578 | 1,487,878 | 2,274,456 | 2,277,382 | |
| CURRENT ASSETS | ||||||
| Debtors | 14 | 40,364 | 40,364 | 41,238 | ||
| Cash at bank and in hand | 286,937 | 286,937 | 318,544 | |||
| 327,301 | 327,301 | 359,782 | ||||
| CREDITORS | ||||||
| Amounts falling due within one year |
15 | (42,770) | 1 | (42,769) | (68,846) | |
| NET CURRENT ASSETS | 284,531 | I | 284,532 | 290,936 | ||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 1,071,109 | 1,487,879 | 2,558,988 | 2,568,318 | ||
| NET ASSETS | 1,071,109 | 1,487,879 | 2,558,988 | 2,568,318 | ||
| FUNDS | 16 | |||||
| Unrestricted funds |
2,558,988 | 2,568,318 | ||||
| TOTALFUNDS | 2,558,988 | 2,568,318 |
| A | TATEM | T | |||||
|---|---|---|---|---|---|---|---|
| th | ed 30TH | 02 | |||||
| 30.9.23 | 30.9.22 | ||||||
| Notes | f | ||||||
| Cash flows from operating | activities | ||||||
| Cash generated fiom operations Finance costs paid |
(34,128) (1) |
1,384 | |||||
| Net cash (used in)/provided | by | operating | activities | (34,129) | 1,384 | ||
| Cash flows from investing | activities | ||||||
| Purchase oftangible fixed assets | (622) | ||||||
| Interest received | 3,144 | 215 | |||||
| Net cash provided by investing |
activities | 2,522 | 215 | ||||
| Change in cash and cash equivalents | in | ||||||
| the reporting period Cash and cash equivalents |
at | the | (31,607) | 1,599 | |||
| beginning ofthe reporting |
period | 318,544 | 316,945 | ||||
| Cash and cash equivalents | at | the end | of | ||||
| the reporting period |
286,937 | 318,544 |
| RECONCILIATI ACTIVITIES |
ON OFN |
ET E | XPENDITURE TO NET CASH FLOW FR | OM OPERATI | NG | |
|---|---|---|---|---|---|---|
| 30.9.23 | 30.9.22 | |||||
| 6 | ||||||
| Net expenditure | for the reporting | period (as per the Statement of | ||||
| Financial Activities) | (9,330) | (29,343) | ||||
| Adjustments for: |
||||||
| Depreciation charges |
3,548 | 6,375 | ||||
| Interest received | (3,144) | (215) | ||||
| Finance costs | 1 | |||||
| Decrease/(increase) | in debtors | 874 | (9,101) | |||
| (Decrease)/increase | in creditors | (26,077) | 33,668 | |||
| Net cash (used in)/provided | by operations | (34,128) | 1,384 | |||
| 2. | ANALYSIS OF CHANGES | IN NET FUNDS | ||||
| At 1.10.22 | Cash flow | At 30.9.23 | ||||
| Net cash | ||||||
| Cash at bank and | in hand | 318,544 | (31,607) | 286,937 | ||
| 318,544 | (31,607) | 286,937 | ||||
| Total | 318,544 | (31,607) | 286,937 |
| OTHER TRADING ACTI | VITIES | ||
|---|---|---|---|
| 30.9.23 | 30.9.22 | ||
| Insurance commissions Other income |
200 | 2,979 7,100 |
|
| 200 | 10,079 | ||
| INVESTMENT INCOME | |||
| 30.9.23 | 30.9.22 | ||
| Rents received Deposit account interest |
47,622 3,144 |
45,916 215 |
|
| 50,766 | 46,131 | ||
| INCOME FROM CHARITABLE ACTIVITIES | |||
| 30.9.23 | 30.9.22 | ||
| Activity | |||
| France Homeland Activity trips Isle ofMan Isle ofWight Spain Belgimn and Holland |
Income &om tours Income &otn tours Income &om tours Income fiom tours Income &om tours Income from tours Income fiom tours |
88,310 149,290 29,872 18,231 106,771 39,780 24,275 |
45,138 151,469 13,631 20,823 65,785 |
| 456,529 | 296,846 |
| Grant funding | |||||||
|---|---|---|---|---|---|---|---|
| ofactivities | Support costs | ||||||
| Direct costs | (Seenote 7) | (Seenote 8) | Totals | ||||
| Tours and accommodation | costs | 38$,793 | 388,793 | ||||
| Supportcosts | 90,002 | 20,586 | 110,588 | ||||
| Fundraising | snd publicity | 2,679 | 2,679 | ||||
| Grants to deserving | cases | 14,765 | 14,765 | ||||
| 481,474 | 14,765 | 20,586 | 516,825 |
| 30.9.23 | 30.9.22 | ||||
|---|---|---|---|---|---|
| Grants | to | deserving | cases | 14,765 | 8,709 |
| Costs | Costs | ||||||
|---|---|---|---|---|---|---|---|
| attributable | to | Governance | Basisof | ||||
| Direct costs | other income | costs | Total | app orbonment | |||
| Staffcosts | 52,198 | 2,400 | 54,598 | Estimated staff time | |||
| Communications, | printing, | 3,251 | 86 | 86 | 3,423 | Estimated staff time | |
| stationery and publicity |
|||||||
| Repairs and maintenance | 3,670 | 459 | 459 | 4,588 | Estitnated stafl' time | ||
| Insurances | 6,950 | 3,158 | 900 | 11,008 | Invoices | ||
| Trustees' expenses | 1,773 | 1,773 | Governance | ||||
| Accountancy | 9,368 | 9,36$ | Governance | ||||
| Interest paid | I | 1 | Governance | ||||
| Depreciation | 2,210 | 984 | 355 | 3,549 | Amount relating to | ||
| flats, estimated staff | |||||||
| time | |||||||
| Cleaning and sundries | 21,723 | 557 | 22,280 | Estimated staff time | |||
| 90,002 | 4,687 | 15,899 | 110,588 |
| 30.9.23 I |
30.9.22 | |||
|---|---|---|---|---|
| Depreciation | - owned | assets | 3,548 | 6,374 |
| STAFFCOSTS | ||||||
|---|---|---|---|---|---|---|
| 30.9.23 | 30.9.22 | |||||
| Wages and salaries | 54,598 | 49,540 | ||||
| 54,598 | 49,540 | |||||
| The average monthly | number ofemployees | during the year was as follows: | ||||
| 30.9.23 | 30.9.22 | |||||
| Management snd administration |
4 | 4 | ||||
| No employees received emoluments | in excess off60,000. | |||||
| COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | ||||||
| Fair | ||||||
| Unrestricted | value | Total | ||||
| fund | reserve | funds | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Charitable activities |
||||||
| Income from tours | 296,846 | 296,846 | ||||
| Other trading activities | 10,079 | 10,079 | ||||
| Investment income |
46, 131 | 46,131 | ||||
| Total | 353,056 | 353,056 | ||||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Tour and accommodation | costs | 271,732 | 271,732 | |||
| Support costs | 99,481 | 99,481 | ||||
| Fundraising and publicity |
2,477 | 2,477 | ||||
| Grants to deserving cases |
8,709 | 8,709 | ||||
| Total | 382,399 | 382,399 |
| 12. | COMPARATIVES FOR THE | STATEMEN | T OF | FINANC | IAL ACTIVITIE | S -continued | |
|---|---|---|---|---|---|---|---|
| Fair | |||||||
| value | Total | ||||||
| reserve | funds | ||||||
| NET INCOME/(EXPENDITURE) Transfers between funds Other recognised gains/(tosses) |
(29,343) (219,790) |
219,790 | (29,343) | ||||
| Gains on revaluation offixed assets | 219,790 | 219,790 | |||||
| Net movement in funds |
(29,343) | 2]9,790 | 190,447 | ||||
| RECONCILIATION OFFUNDS |
|||||||
| Total funds brought forward | 1,109,782 | 1,268,089 | 2,377,871 | ||||
| TOTAL FUNDS CARRIED FORWARD | 1,080,439 | 1,487,879 | 2,568,318 | ||||
| 13, | TANGIBLE FIXEDASSETS | ||||||
| Fixtures | |||||||
| Freehold | Long | and | Office | ||||
| property | leasehold | fittings | equipment | Totals | |||
| COST | |||||||
| At 1stOctober 2022 Additions |
1,590,000 | 610,000 | 115,281 | 8,017 622 |
2,323,298 622 |
||
| At 30th September 2023 | 1,590,000 | 610,000 | 115,281 | 8,639 | 2,323,920 | ||
| DEPRECIATION | |||||||
| At 1stOctober 2022 Charge for year |
38,121 3,437 |
7,795 111 |
45,916 3,548 |
||||
| At 30th September 2023 | 41,558 | 7,906 | 49,464 | ||||
| NET BOOKVALUE | |||||||
| At 30th September 2023 | 1,590,000 | 610,000 | 73,723 | 733 | 2,274,456 | ||
| At 30th September 2022 | 1,590,000 | 610,000 | 77,160 | 222 | 2,277,382 | ||
| Cost or valuation at30September |
2023 is represented | by: | |||||
| Freehold | Long | Office | |||||
| property | leasehold | equipment | Totals | ||||
| 6 | |||||||
| Valuation in 2008 Valuation in 2013 Valuation in 2017 Valuation in 2022 |
329,778 232,500 705,812 -60,000 |
257,213 | 329,778 232,500 705,812 197,213 |
||||
| Cost | 381,910 | 352,787 | 8,017 | 115,281 | 857,995 | ||
| 1,590,000 | 610,000 | 8,017 | 115,281 | 2,323,298 |
| 30.9.23 | 30.9.22 | ||||
|---|---|---|---|---|---|
| Cost | 381,910 | 381,910 | |||
| Freehold property | was valued on an open market | basis on 23November 2021 | by Kinleigh Folkard dr Hayward. | ||
| Iflong leasehold | property had not been revalued | itwould have been included | at the following | historical cost: | |
| 30.9.23 | 30.9.22 | ||||
| Cost | 352,787 | 352,787 |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 30.9.23 | 30.9.22 | |
| Trade debtors | 295 | 295 |
| Other debtors | 13,480 | 6,180 |
| Prepayments and accrued income |
26,589 | 34,763 |
| 40,364 | 41,238 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 30.9.23 | 30.9.22 | |
| Payments received on account Social security and other taxes |
29,011 399 |
31,398 256 |
| VAT Creditors for tours tie accomm Other creditors Accrued expenses |
2,472 1,431 9,456 |
17,284 7,433 3,413 9,062 |
| 42,769 | 68,846 |
| Balance | as at 1October 2022 | 31,398 | |
|---|---|---|---|
| Amount Amount |
released to income earned &om charitable deferred in year |
activities | (30,071) 27,684 |
| Balance | as at 30September 2023 | 29,011 |
| Net | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| At | movement | At | |||||||
| 1.10.22 | in funds | 30.9.23 | |||||||
| Unrestricted | funds | ||||||||
| General fund Fair value reserve |
1,080,439 1,487,879 |
(9,330) | 1,071,109 1,487,879 |
||||||
| 2,568,318 | (9,330) | 2,558,988 | |||||||
| TOTALFUNDS | 2,568,318 | (9,330) | 2,558,988 | ||||||
| Net movement | in funds, included | in the above | are as follows: | ||||||
| Incoming | Resources | Movement | |||||||
| resources | expended | in funds | |||||||
| Unrestricted | funds | I | |||||||
| General fund | 507,495 | (516,825) | (9,330) | ||||||
| TOTAL FUNDS | 507,495 | (516,825) | (9,330) | ||||||
| Comparatives | for movement | in | funds | ||||||
| Net | Transfers | ||||||||
| At | movement | between | At | ||||||
| 1.10.21 | in funds | funds | 30.9.22 | ||||||
| Unrestricted | funds | ||||||||
| General fund Fair value reserve |
1,109,782 1,268,089 |
190,447 | (219,790) 219,790 |
1,080,439 1,487,879 |
|||||
| 2,377,871 | 190,447 | 2,568,318 | |||||||
| TOTALFUNDS | 2,377,871 | 190,447 | 2,568,318 | ||||||
| Comparative | net movement | in | funds, included | in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | ||||||
| resources | expended | losses | in funds | ||||||
| f, | |||||||||
| Unrestricted | funds | ||||||||
| General fund | 353,056 | (382,399) | 219,790 | 190,447 | |||||
| TOTAL FUNDS | 353,056 | (382,399) | 219,790 | 190,447 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| At | movement | between | At | ||
| 1.10.21 | in funds | funds | 30.9.23 | ||
| Unrestricted | funds | f. | |||
| General fund Fair value reserve |
1,109,782 1,268,089 |
181,117 | (219,790) 219,790 |
1,071,109 1,487,879 |
|
| 2,377,871 | 181,117 | 2,558,988 | |||
| TOTAL FUNDS | 2,377,871 | 181,117 | 2,558,988 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 860,551 | (899,224) | 219,790 | 181,117 | |
| TOTAL FUNDS | 860,551 | (899,224) | 219,790 | 181,117 |
for ear end d30T |
SEPT BER2023 |
|
|---|---|---|
| 30.9.23 | 30.9.22 | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Insurance commissions Other income |
200 | 2,979 7,100 |
| 200 | 10,079 | |
| Investment income |
||
| Rents received Deposit account interest |
47,622 3,144 |
45,916 215 |
| 50,766 | 46,131 | |
| Charitable activities |
||
| France Homeland Activity trips Isle ofMan Isle ofWight Spain Belgium and Holland |
88,310 149,290 29,872 18,231 106,771 39,780 24,275 |
45, 138 151,469 13,631 20,823 65,785 |
| 456,529 | 296,846 | |
| Total incoming resources | 507,495 | 353,056 |
| EXPENDITURE | ||
| Charitable activities |
||
| Wages Rates and water Insurance Light and heat Telephone snd postage Printing and Publicity Marketing and Website Sundries France Spain Homeland Isle ofMan Isle ofWight Activity trips Belgium and Holland Rent and service charge Repairs and maintenance Bank charges Long leasehold Carried forward |
54,598 5,032 11,008 4,159 1,521 1,902 2,679 7,941 74,439 37,956 128,284 13,856 107,262 10,344 16,652 4,069 4,588 1,079 487,369 |
49,540 224 7,427 2,553 1,383 386 2,477 6,803 43,038 138,068 15,445 63,949 11,232 4,926 5,610 1,937 2,822 357,820 |
| DETAILED T MENT OF for ear ended 30TH |
FINANCIAL TIVITIES EP BER202 |
|
|---|---|---|
| 30.9.23 | 30.9.22 | |
| Charitable activities |
||
| Brought forward Fixtures and fittings Depn ofoflice equipment |
487,369 3,438 111 |
357,820 3,438 114 |
| Grants to deserving cases | 14,765 | 8,709 |
| 505,683 | 370,081 | |
| Support costs | ||
| Other | ||
| Interest paid | ||
| Governance costs |
||
| Accountancy and legal fees Committee and Oflicers expense Professional fees |
9,368 1,773 |
9,218 100 3,000 |
| 11,141 | 12,318 | |
| Total resources expended | 516,825 | 382,399 |
| Net expenditure | (9,330) | (29,343) |