| Pages | |||
|---|---|---|---|
| Trustees' | annual report | 1to 3 | |
| Independent auditor's |
report to the members | 4to7 | |
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Statement | ofcash flows | 10 | |
| Notes to | the financial | statements | 11to 19 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||||
| funds | funds | Total funds | Total funds | ||||||
| Note | |||||||||
| Income and endowments | |||||||||
| Donations and legacies |
4 | 1,195,517 | 93,772 | 1,289,289 | 1,240,249 | ||||
| Investment income |
5 | 99,866 | 99,866 | 100,455 | |||||
| Other income | 6 | 3,807 | |||||||
| Total income | 1,295,383 | 93,772 | 1&389,155 | 1,344,511 | |||||
| Expenditure | |||||||||
| Expenditure on |
raising funds: | ||||||||
| Investment | management | costs | 7 | (15,251) | (15,251) | (10,693) | |||
| Expenditure on |
charitable | activities | 8,9 | (1,440,007) | (133,923) | (1,573,930) | (1,346,565) | ||
| Total expenditure | (1,455,258) | (133,923) | (1,589,181) | (1,357,258) | |||||
| Net expenditure | (159,875) | (40,151) | (200,026) | (12,747) | |||||
| Transfers between | funds | 9,340 | (9,340) | ||||||
| Net movement | in | funds | (150,535) | (49,491) | (200,026) | (12,747) | |||
| Reconciliation | offunds | ||||||||
| Total funds brought | forward | 1,085,692 | 4,076,130 | 5,161,822 | 5,174,569 | ||||
| Total funds carried forward | 935,157 | 4,026,639 | 4,961,796 | 5,161,822 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 15 | 2,186,364 | 2,271,241 | |||
| Investments | 16 | 2,550,000 | 2,550,000 | |||
| 4,736,364 | 4,821,241 | |||||
| Current assets |
||||||
| Debtors | 17 | 7,421 | 5,128 | |||
| Cash at bank | and in hand | 266,610 | 388,094 | |||
| 2749031 | 393,222 | |||||
| Creditors: amounts | falling due within one year | 18 | (229375) | (23,458) | ||
| Net current | assets | 251,656 | 369,764 | |||
| Total assets | less current liabilities | 4,988,020 | 5,191,005 | |||
| Creditors: amounts | falling due after more than | |||||
| one year | 19 | (26,224) | (29,183) | |||
| Net assets | 4,961,796 | 5,161,822 | ||||
| Funds ofthe | charity | |||||
| Restricted funds |
4)026,639 | 4,076,130 | ||||
| Unrestricted | funds | 935,157 | 1,085,692 | |||
| Total charity | funds | 20 | 4,961,796 | 5,161,822 |
| YEAR ENDED 31MARCH 2 | 023 | ||
|---|---|---|---|
| 2023 | 2022 | ||
| 5 | |||
| Cash flows from operating | activities | ||
| Net expenditure | (200,026) | (12747) | |
| Adj us/ments for: Depreciation oftangible fixed assets |
98,029 | 100,407 | |
| Dividends, interest and rents from investments |
(97,990) | (98,740) | |
| Other interest receivable and similar income |
(1,876) | (1,715) | |
| Accrued income | (360) | (7,560) | |
| Changes in: Trade and other debtors |
(2,293) | 10,630 | |
| Trade and other creditors | (723) | 2,468 | |
| Cash generated from operations |
(205439) | (7,257) | |
| Interest received | 1,876 | 1,715 | |
| Net cash used in operating | activities | (203,363) | (5,542) |
| Cash flows from investing | activities | ||
| Dividends, interest and rents from investments |
97,990 | 98,740 | |
| Purchase oftangible assets | (13,152) | (2,550) | |
| Net cash from investing activities |
84,838 | 96,190 | |
| Cash flows from financing | activities | ||
| Proceeds from borrowings | (2,959) | (3,461) | |
| Net cash used in financing | activities | (2,959) | (3,461) |
| Net (decrease)/increase in |
cash and cash equivalents | (121,484) | 87,187 |
| Cash and cash equivalents | at beginning ofyear | 388,094 | 300,907 |
| Cash and cash equivalents | at end ofyear | 266,610 | 388,094 |
| DONATIO | NS AND LE |
GACIES | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2023 | ||||
| Donations | ||||||
| Voluntary | Contributions | 1,088,447 | 1,088,447 | |||
| Donations | 107,070 | 107,070 | ||||
| Grants | ||||||
| Grants | 93,772 | 93,772 | ||||
| 1,195,517 | 93,772 | 1,289,289 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| Donations | ||||||
| Voluntary | Contributions | 1,033,889 | 1,033,889 | |||
| Donations | 138,067 | 138,067 | ||||
| Grants | ||||||
| Grants | 68,293 | 68,293 | ||||
| 1,171,956 | 68293 | 1 240 249 | ||||
| INVESTMENT INCOME | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| S | ||||||
| Income from investment | properties | 97,990 | 97,990 | 98,740 | 98,740 | |
| Bank interest receivable | 1,876 | 1,876 | 1,715 | 1,715 | ||
| 99,866 | 99,866 | 100,455 | 100,455 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |||||
| 5 | ||||||||
| Coronavirus | Job Retention | Scheme | 3,807 | 3,807 | ||||
| 7. | INVESTMENT MANAGEMENT | COSTS | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2023 | Funds | 2022 | |||||
| Investment | management | fees | 6,410 | 6,410 | 3,950 | 3,950 | ||
| Interest and | similar charges | 1,029 | 1,029 | 3,376 | 3,376 | |||
| Repairs | 7,812 | 7,812 | 3,367 | 3,367 | ||||
| 15,251 | 15,251 | 10,693 | 10,693 |
| EXPEN | DITURE ON CHARITABLE ACTIVI | TIES BY FUND TY | PE | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| K | ||||
| Provision | ofsecular and religious education | 1,423,447 | 133,923 | 1,557,370 |
| Suppott | costs | 16,560 | 16)560 | |
| 1,440,007 | 133,923 | 1,573,930 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Provision | ofsecular and religious education | 1,189,857 | 138,597 | 1,328,454 |
| Support | costs | 18,111 | 18,111 | |
| 1,207,968 | 138,597 | 1,346,565 |
| EXPENDIT | URE ON C | HARITABLE | ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Grant funding | Total funds | Total fund | |||
| directly | ofactivities | Support costs | 2023 | 2022 | ||
| f. | ||||||
| Provision of | secular and | |||||
| religious education Governance costs |
1,209,423 | 347,947 | 2,342 14,218 |
1,559,712 14,218 |
1,331,048 15,517 |
|
| 1,209,423 | 347,947 | 16,560 | 1,573,930 | 1,346,565 |
| Net expenditure is stated after charging/(cr |
editing): | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Depreciation oftangible fixed assets | 98,029 | 100,407 | ||
| 11. | AUDITORS REMUNERATION | |||
| 2023 | 2022 | |||
| Fees payable for the audit ofthe financial | statements | 6,240 | 6,545 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as |
follows: |
| 2023 | 2022 | |||
| f. | ||||
| Wages and salaries Social security costs |
823,978 61,194 |
817,972 57,246 |
||
| Employer contributions |
to pension | plans | 19,674 | 19,631 |
| 904,846 | 894,849 |
| The average head count of | employees | during | the year was 57 (2022:55). | ||
|---|---|---|---|---|---|
| The number ofemployees | whose remuneration | for the year fell within the | following | bands, were: | |
| 2023 | 2022 | ||||
| No. | Nc. | ||||
| 660,000to 669,999 | 1 | ||||
| E70,000to 679,999 | 1 | ||||
| 1 | l |
| 15. | YEAR ENDED 31 TANGIBLE FIXEDASSETS |
MARCH 2023 | ||
|---|---|---|---|---|
| Land and | Fixtures and | |||
| buildings | fittings | Total | ||
| a | ||||
| Cost | ||||
| At 1 April 2022 | 3,173,404 | 924,421 | 4,097,825 | |
| Additions | 13,152 | 13,152 | ||
| At 31March 2023 | 3,173,404 | 937,573 | 4,110,977 | |
| Depreciation | ||||
| At 1 April 2022 | 1,234,618 | 591,966 | 1,826,584 | |
| Charge for the year | 63,468 | 34,561 | 98,029 | |
| At 31March 2023 | 1,298,086 | 626,527 | 1,924,613 | |
| Carrying amount At 31March 2023 |
1,875,318 | 311,046 | 2,186,364 | |
| At 31March 2022 | 1,938,786 | 332,455 | 2,271,241 | |
| 16. | INVESTMENTS | |||
| Investment | ||||
| properties | ||||
| Fair value | ||||
| At 1April 2022 and 31March 2023 | 2,550,000 | |||
| Carrying amount At31March 2023 |
2,550,000 | |||
| At 31March 2022 | 2,550,000 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| 6 | ||||
| Income | tax | recoverable | 7,421 | 5,128 |
| NOTES T CREDITORS: amounts |
O THE FINANCIAL STATEMENTS YEARENDED 31MARCH 2023 falling due within one year |
auunnurrt1 | |
|---|---|---|---|
| 2023 | 2022 | ||
| Accruals and deferred income | 6,240 | 6,600 | |
| Social security and other | taxes | 16,135 | 16,858 |
| 22,375 | 23,458 | ||
| CREDITORS: amounts | falling due after more than one year | ||
| 2023 | 2022 | ||
| Bank loans and overdrafts | 26,224 | 29,183 |
| Unrestricted funds |
|||||
|---|---|---|---|---|---|
| At | At 31March | ||||
| I April 2022 | Income | Expenditure | Transfers | 2023 | |
| General funds | 1,085,692 | 1,295,383 | (1,455,258) | 9,340 | 935,157 |
| At | At 31 March | ||||
| I April 2021 | Income | Expenditure | Transfers | 2022 | |
| General funds | 1,028,135 | 1,276,218 | (1,218,661) | 1,085,692 | |
| Restricted funds | |||||
| At | At31March | ||||
| I April 2022 | Income | Expenditure | Transfers | 2023 | |
| f. | 8 | ||||
| Restricted funds | 4,076,130 | 93,772 | (133,923) | (9,340) | 4,026,639 |
| At | At 31 March | ||||
| I April 2021 | Income | Expenditure | Transfers | 2022 | |
| I, | f. | ||||
| Restricted funds | 4,146,434 | 68,293 | (138,597) | 4,076,130 |
| At | ||||
|---|---|---|---|---|
| At 1 Apr 2022 | Cash flows | 31Mar 2023 | ||
| Cash | at bank and in hand | 388,094 | (121,484) | 266,610 |
| Debt | due after one year | (29,183) | 2,959 | (26,224) |
| 358,911 | (118,525) | 240,386 |