REGISTERED COMPANY NUMBER: 1976639 (England and Wales) REGISTERED CHARITY NUMBER: 517222
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2023
for
Priory Project Limited
Ashmole and Co. W:lliamston House
7 Goat Street Haverfordwest Pembrokeshire SA61 IPX
.
’
Priory Project Limited
Contents of the Financial Statements for the Year Ended 31 December 2023
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Page|
|Report|of the|Trustees|1|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|5|to|6|
|Cash|Flow|Statement|7|
|Notes|to|the Cash|Flow|Statement|8|
|Notes|to|the|Financial|Statements|9|to|15|
|Detailed|Statement|of Financial|Activities|16|to|17|
----- End of picture text -----
s
‘
Priory Project Limited
Report of the Trustees for the Year Ended 31 December 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1! January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote, empower and support, the well being of people with learning disabilities, within a home environment, in county of Pembrokeshire.
Significant activities
The principal activity of the company during the year was the operation of a registered home for adults with learning disabilities.
Priory Project provides life skill training opportunities and support for a better quality of life for our residents. We work with our residents to encourage them to become as independent as possible according to their ability. Residents are supported by staff who offer the highest possible standard of care. Residents have choice and are encouraged to make decisions for themselves in all matters. It is considered that these activities further the charity's purposes for the public benefit.
Public benefit
We have referred to the guidance contained in the Charity Commissions general guidance on public benefit when reviewing our aims and objectives and in planning out future activities.
FINANCIAL REVIEW
Financial position
The charity has made a profit during the year. Throughout the year the charity has recruited two extra member of staff, whilst the resident numbers have fallen by two.
Reserves policy
The trustees have a policy to ensure that sufficient reserves are maintained at all times in order to ensure that the charity may continue operating during periods of reduced or uncertain funding sources.The current level of free reserves amounts to £583,673 (2022 - £574,462) which equates to approximately 13 months of normal charitable expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Memorandum and Articles of Association incorporated 13th January 1986 as amended by special resolution of Sth September 2007.
Organisational structure
The organisation is managed by the board of trustees who, along with the manageress of the home hold regular meetings to review the charity's progress. The trustees are all unpaid from the charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 1976639 (England and Wales)
Registered Charity number
S17222
Page |
’
Priory Project Limited
Report of the Trustees for the Year Ended 31 December 2023
Registered office Priory House Lower Priory Milford Haven Pembrokeshire SA73 3UA
Trustees P Carlquist Dr K Read R Pereira (resigned 3.10.23) S Hicks (resigned 16.5.23) Ms L Turner Ms K Gray Mrs P A Harry (appointed 23.2.23) W Skeels (appointed 3.10.23)
Independent Examiner Ashmole and Co. Williamston House 7 Goat Street Haverfordwest Pembrokeshire SA61 1PX
Approved by order of the board of trustees on 14 May 2024 and signed on its behalf by:
Ms L Turner - Trustee
Page 2
:
Independent Examiner's Report to the Trustees of Priory Project Limited
Independent examiner's report to the trustees of Priory Project Limited (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Reconimended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
-
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
----- Start of picture text -----
}
----- End of picture text -----
W G Hughes
The Association of Chartered Certified Accountants
Ashmole and Co. Williamston House 7 Goat Street Haverfordwest Pembrokeshire SA61 1PX ‘t
Page 3
=
Priory Project Limited
Statement of Financial Activities for the Year Ended 31 December 2023
| Sd 223 | SL k2.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | 5 | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Charitable activities | 3 | ||||
| Operation ofRegistered Home | 647,261 | - | 647,261 | 529,791 | |
| Investment income | 2 | 4,056 | - | 4,056 | 2,797 |
| Other income | 2,751 | - | 2,751 | 988 | |
| Total | 654,068 | - | 654,068 | 533,576 | |
| EXPENDITURE ON | |||||
| Charitable activities | 4 | ||||
| Operation ofRegisteredHome | 536,284 | - | 536,284 | 440,695 | |
| NETINCOME | 117,784 | - | 117,784 | 92,881 | |
| Transfers between funds | 13 | (70,469) | 70,469 | - | - |
| Netmovement in funds | 47,315 | 70,469 | 117,784 | 92,881 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 805,375 | - | 805,375 | 712,494 | |
| TOTALFUNDSCARRIEDFORWARD | 852,690 | 70,469 | 923,159 | 805,375 |
The notes form part of these financial statements
Page 4
.
Priory Project Limited
Balance Sheet
| - | 31 | December 2023 | |||
|---|---|---|---|---|---|
| 31.12.23 | 31.12.22 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 10 | 269,017 | - | 269,017 | 230,913 |
| CURRENT ASSETS | |||||
| Debtors | 1] | 94,379 | - | 94,379 | 16,967 |
| Cash atbankand in hand | 502,034 | 70,469 | 572,503 | 568,258 | |
| 596,413 | 70,469 | 666,882 | 585,225 | ||
| CREDITORS | |||||
| Amounts fallingdue withinoneyear | 12 | (12,740) | - | (12,740) | (10,763) |
| NETCURRENTASSETS | 583,673 | 70,469 | 654,142 | 574,462 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 852,690 | 70,469 | 923,159 | 805,375 | |
| NETASSETS | 852,690 | 70,469 | 923,159 | 805,375 | |
| FUNDS | 13 | ||||
| Unrestricted funds | 852,690 | 805,375 | |||
| Restricted funds | 70,469 | - | |||
| TOTALFUNDS | 923,159 | 805,375 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
:
Priory Project Limited
Balance Sheet - continued 31 December 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 May 2024 and were signed on its behalf by:
a
L Turner - Trustee
The notes form part of these financial statements
Page 6
.
Priory Project Limited
| Cash Flow Statement | ||||
|---|---|---|---|---|
| for | the Year Ended 31 December | 2023 | ||
| 31.12.23 | 31.12.22 | |||
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Cash generated from operations | 39,326 | |||
| Net cash provided by operating activities | 55,326 | 100,395 | ||
| Cash flows from investing activities | ||||
| Purchase oftangible fixed assets | (58,937) | (9,307) | ||
| Sale oftangible fixed assets | 3,800 | - | ||
| Interest received | 4,056 | 2,197 | ||
| Netcash used in investing activities | (51,081) | (6,510) | ||
| Change in cash and cash equivalents in | the | |||
| reporting period | 4,245 | 93,885 | ||
| Cash and cash equivalents at the beginning | ||||
| ofthe reporting period | 568,258 | 474,373 | ||
| Cash and cash equivalents at the end ofthe | the | |||
| reportingperiod | 572,503 | 568,258 |
The notes form part of these financial statements
Page 7
a4
Priory Project Limited
-
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Notes to the Cash Flow Statement for the Year Ended 31 December 2023
----- Start of picture text -----
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|31:12:23|31.1222|
|£|£|
|Net|income|for|the|reporting|period|(as|per|the|Statement|of|Financial|
|Activities)|117,784|92,881|
|Adjustments|for:|
|Depreciation|charges|18,622|6,533|
|Profit on|disposal|of fixed|assets|(1,589)|-|
|Interest|received|(4,056)|(2,797)|
|Increase|in|debtors|(77,412)|(3,605)|
|Increase|in|creditors|1,977|7,383|
|Net|cash|provided|by|operations|55,326|100,395|
----- End of picture text -----
ANALYSIS OF CHANGES IN NET FUNDS
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|At|1.1.23|Cash|flow|At|31.12.23|
|£|£|£|
|Net|cash|
|Cash|at bank|and|in hand|568,258|4,245|572,503|
|568,258|4,245|572,503|
|Total|568,258|4,245|572,503|
----- End of picture text -----
The notes form part of these financial statements
Page 8
4
Priory Project Limited
1s ACCOUNTING POLICIES
Notes to the Financial Statements
for the Year Ended 31 December 2023
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line Improvements to property - 2% on cost Plant and machinery - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 9
continued...
—
Priory Project Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 2. | INVESTMENTINCOME | ||||
|---|---|---|---|---|---|
| 31.12.23 | 31.12.22 | ||||
| £ | £ | ||||
| Deposit account interest | 4,056 | 2,797 | |||
| 3. | INCOME FROM CHARITABLE ACTIVITIES | ||||
| 3112.23 | 31.12.22 | ||||
| Activity | £ | £ | |||
| Resident fees | Operation ofRegistered Home | 647,261 | 529,791 | ||
| 4. | CHARITABLE ACTIVITIES | COSTS | |||
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 5) | Totals | |||
| £ | f | £ | |||
| Operation ofRegisteredHome | 500,071 | 36,213 | 536,284 | ||
| 5. | SUPPORT COSTS | ||||
| Governance | |||||
| Management | costs | Totals | |||
| £ | £ | £ | |||
| Operation ofRegisteredHome | 32,822 | 3,391 | 36,213 | ||
| 6. | NETINCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 31.12.23 | 31.12.22 | ||||
| £ | £ | ||||
| Depreciation -owned assets | 18,622 | 6,533 | |||
| Surplus on disposal offixed assets | (1,589) | - | |||
| ve | TRUSTEES' REMUNERATION AND BENEFITS | ||||
| There were no trustees’ remuneration or other benefits for the year | ended 31 December 2023 nor for | the year ended | |||
| 31December2022. |
Trustees' expenses
| 31.12.23 | 31.12.22 | ||
|---|---|---|---|
| £ | £ | ||
| Trustees' | expenses | 12 | - |
Page 10
continued...
_*
Priory Project Limited
Notes to the Financia] Statements - continued for the Year Ended 31 December 2023
| 8. | STAFF COSTS | |||
|---|---|---|---|---|
| 31.12.23 | 31.12.22 | |||
| £ | £ | |||
| Wages and salaries | 379,412 | 340,870 | ||
| Otherpension costs | 10,093 | 8,696 | ||
| 389,505 | 349,566 | |||
| The average monthly number ofemployees during the yearwas | as follows: | |||
| 31.12.23 | $1.12:22 | |||
| Support staff | 10 | 8 | ||
| Maintenance manager | 1 | 1 | ||
| Deputy manager | 1 | 1 | ||
| Registered manager | J | ] | ||
| 13 | il | |||
| No employees received emoluments in excess of£60,000. | ||||
| 9, | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| fund | fund | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Charitable activities | ||||
| Operation ofRegistered Home | 529,791 | - | 529,791 | |
| Investment income | 2,797 | - | 2,797 | |
| Other income | 988 | - | 988 | |
| Total | 533,576 | - | 533,576 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Operation ofRegisteredHome | 440,695 | - | 440,695 | |
| NET INCOME | 92,881 | - | 92,881 | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 712,494 | - | 712,494 | |
| TOTAL FUNDS CARRIEDFORWARD | 805,375 | - | 805,375 | |
| Page11 | continued... |
%
_ *
Priory Project Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
10. TANGIBLE FIXED ASSETS
| Improvements | |||||
|---|---|---|---|---|---|
| Freehold | to | Plant and | |||
| property | property | machinery | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 January 2023 | 236,673 | 2,835 | 21,132 | ||
| Additions | - | 3,955 | 2,048 | ||
| Disposals | - | - | - | ||
| At31 December2023 | 236,673 | 6,790 | 23,180 | ||
| DEPRECIATION | |||||
| At 1 January 2023 | 28,535 | 228 | 15,438 | ||
| Charge foryear | 2,233 | 136 | 1,161 | ||
| Eliminated on disposal | - | - | - | ||
| At 31 December2023 | 30,768 | 364 | 16,599 | ||
| NET BOOK VALUE | |||||
| At 31 December2023 | 205,905 | 6,426 | 6,581 | ||
| At 31 December2022 | 208,138 | 2,607 | 5,694 | ||
| Fixtures | |||||
| and | Motor | Computer | |||
| fittings | vehicles | equipment | Totals | ||
| . | £ | £ | £ | £ | |
| COST | |||||
| At | January2023 | 67,656 | 25,787 | 2,885 | |
| Additions Disposals |
3,483 - |
48,693 (15,295) |
758 - |
58,937 (15,295) |
|
| At 31 December2023 | 71,139 | 59,185 | 3,643 | 400,610 | |
| DEPRECIATION | |||||
| At 1 January 2023 | 56,712 | 23,534 | 1,608 | 126,055 | |
| Charge foryear | 2,164 | 12,184 | 744 | 18,622 | |
| Eliminated on disposal | - | (13,084) | - | (13,084) | |
| At 31 December 2023 | 58,876 | 22,634 | 2,352 | 131,593 | |
| NET BOOKVALUE | |||||
| At 31 December 2023 | 12,263 | 36,551 | 1,291 | 269,017 | |
| At31December2022 | 10,944 | 2,253 | 1277 | 230,913 |
Page 12
continued...
°
Priory Project Limited
11, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 31.12.23 | 31.12.22 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Trade debtors | 69,064 | 11,890 | ||||
| Prepayments and accrued income | 25,315 | 5,077 | ||||
| 94,379 | 16,967 | |||||
| 12; | CREDITORS: AMOUNTS FALLING DUE WITHINONEYEAR | YEAR | ||||
| S1.12:25 | 31.1222 | |||||
| £ | £ | |||||
| Trade creditors | 657 | 401 | ||||
| Social security and othertaxes | 7,834 | 7,662 | ||||
| Other creditors | 1,744 | - | ||||
| Accrued expenses | 2,505 | 2,700 | ||||
| 12,740 | 10,763 | |||||
| 15: | MOVEMENT IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At | 1.1.23 | in funds | funds | 31.12.23 | ||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 805,375 | 117,784 | (70,469) | 852,690 | ||
| Restricted funds | ||||||
| Residents mobility fees | ~ | - | 70,469 | 70,469 | ||
| TOTALFUNDS | 805,375 | 117,784 | - | 923,159 | ||
| Netmovement in funds, included in the above are as follows: | ||||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 654,068 | (536,284) | 117,784 | |||
| TOTAL FUNDS | 654,068 | (536,284) | 117,784 | |||
| Page13 | continued... |
continued...
.
Priory Project Limited
- MOVEMENT IN FUNDS- continued
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
Comparatives for movement in funds
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.1.22|in|funds|31.12.22|
|£|£|£|
|Unrestricted|funds|
|General|fund|712,494|92,881|805,375|
|TOTAL FUNDS|712,494|92,881|805,375|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|FS|£|
|Unrestricted|funds|
|General|fund|533,576|(440,695)|92,881|
|TOTAL FUNDS|533,576|(440,695)|92,881|
|A|current year year|12|months|and|prior year year|12|months|combined|position|is|as|follows:|
|Net|Transfers|
|movement|between|At|
|At|1.1.22|in|funds|funds|31.12.23|
|£|£|a2|£|
|Unrestricted|funds|
|General|fund|712,494|210,665|(70,469)|852,690|
|Restricted|funds|
|Residents|mobility|fees|-|-|70,469|70,469|
|TOTAL FUNDS|712,494|210,665|-|923,159|
----- End of picture text -----
A current year year 12 months and prior year year 12 months combined position is as follows:
Page 14
continued...
_
Priory Project Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
13. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | if | |
| Unrestricted funds | |||
| General fund | 1,187,644 | (976,979) | 210,665 |
| TOTALFUNDS | 1,187,644 | (976,979) | 210,665 |
14, RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 15
°
Priory Project Limited
| Detailed Statement ofFinancial Activities | |||
|---|---|---|---|
| for the Year Ended 31 December2023 | |||
| 31.12.23 | Non a) | ||
| £ | £ | ||
| INCOMEANDENDOWMENTS | |||
| Investment income | |||
| Deposit account interest | 4,056 | 2,797 | |
| Charitable activities | |||
| Resident fees | 647,261 | 529,791 | |
| Other income | |||
| Gain on sale oftangible fixed assets | 1,589 | - | |
| Other income | 1,162 | 988 | |
| 2,751 | 988 | ||
| Total incoming resources | 654,068 | 533,576 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Trustees' expenses | 12 | - | |
| Wages | 379,412 | 340,870 | |
| Pensions | 10,093 | 8,696 | |
| Housekeeping | 25,402 | 15,378 | |
| Holidays for residents | 9,141 | 6,306 | |
| Personal allowance | 12,564 | 11,028 | |
| Light& heat | 11,667 | 7,153 | |
| Rates& water | 3,295 | 3,771 | |
| Insurance | 6,963 | 3,938 | |
| Repairs & renewals | 18,560 | 12,752 | |
| Agency staff | 4,340 | - | |
| Depn offreehold property | 2,233 | 2,233 | |
| property | 136 | 57 | |
| Depn ofplant& machinery | 1,161 | 1,005 | |
| Depn offixture& fittings | 2,164 | 1,931 | |
| Depn ofmotor vehicles | 12,184 | W5 | |
| Depn ofcomputer equipment | 744 | 556 | |
| 500,071 | 416,425 | ||
| Support costs | |||
| Management | |||
| Telephone | 4,012 | 3,151 | |
| Stafftraining | 3-175 | 1,999 | |
| Sundries | 1,557 | 886 | |
| Carriedforward | 8,744 | 6,036 |
This page does not form part of the statutory financial statements
Page 16
.
Priory Project Limited
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Detailed|Statement|of Financial|Activities|
|for|the|Year|Ended|31|December|2023|
|31.12.23|31.12.22|
|£|£|
|Management|
|Brought|forward|8,744|6,036|
|Motor|expenses|6,241|4,477|
|Printing &|stationery|4,503|2,260|
|Licences &|subscriptions|2,498|1,691|
|DBS|Checks|2.723|1,413|
|Bank|charges|16]|149|
|Legal|fees|6,315|2,888|
|Professional|fees|1,637|2,188|
|32,822|21,102|
|Governance|costs|
|Accountancy|fees|2,160|2,046|
|Payroll|fees|1,231|1,122|
|3,391|3,168|
|Total|resources|expended|536,284|440,695|
|Net income|117,784|92,881|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 17