Registered number: 2113575 Charity number: 519688
Ariel Trust Limited
Independently Examined Accounts FOR THE YEAR ENDED 31/03/2023
Prepared By:
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH
Ariel Trust Limited
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2023
TRUSTEES
Keir Ashton Dr Margaret Webster Yaqub Rahman Kelly Pennington Lauren King
SECRETARY
Keir Ashton
REGISTERED OFFICE
The Florence Institute 377 Mill Street Liverpool Merseyside L8 4RF
COMPANY NUMBER
2113575
CHARITY NUMBER 519688
BANKERS
NatWest Bank plc
INDEPENDENT EXAMINER - Julie Guinan FCCA
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH
page 1
Ariel Trust Limited
ACCOUNTS FOR THE YEAR ENDED 31/03/2023
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiner's Statement | 10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Notes to the Accounts | 13 to 22 |
| Detailed Statement of Financial Activities | 23 |
page 2
Ariel Trust Limited
FOR THE YEAR ENDED 31/03/2023
TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31/03/2023
The trustees intend that this Annual Report also serves as the Statutory Directors' Report. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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 (FRS102) (issued in October 2019).
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was to promote education, training and knowledge through multi media .
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are provided in these accounts on page 1.
STRUCTURE GOVERNANCE AND MANAGEMENT
The Charity is constituted as a company limited by guarantee, incorporated on 20 March 1987and registered as a charity on 13 January 1988, and is therefore governed by a memorandum and articles of association and on the winding up of the Charity each member will contribute £1.
Ariel Trust Limited has a Committee of Trustees, which normally meets every six weeks. The Board sets out and approves the policies to be adopted to achieve the Charity's objectives. In setting these policies the trustees have considered the Charity Commission's guidance on public benefit. The policies and the day to day management of the Charity are implemented by the Executive Director. The charity has a Development Plan, which it is using to focus on immediate, medium and long term aims. The work programme as detailed in the plan is developed and delivered by the executive director and the assistant director, supported by the staff team and a number of professional support workers.
Recruitment of Trustees is based upon diversity and equal opportunities. As a Board the Trustees represent the voluntary, public and private sectors. The Trustees are from wide ranging professional backgrounds including education, human resources, administration, legal and business and marketing.
Induction of new Trustees involves a detailed introductory programme where the new Trustee receives copies of Strategic and Business Planning documents, the financial statements and all other relevant policies and issues of the organisation and has time to discuss these with the Board and Executive Management. Board Away Days are normally held at least once per year when strategy is on the agenda. The Away Day is also an opportunity for training and updating Trustees on important matters. When training needs are identified an action plan is put in place and appropriate training delivered.
EQUAL OPPORTUNITIES
The company is committed to the principle of equal opportunities, and is striving to become an equal opportunities employer and service provider.
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Ariel Trust Limited
FOR THE YEAR ENDED 31/03/2023
TRUSTEES' REPORT
Ariel recognises that it is necessary to take positive steps to ensure that all people benefit from equal opportunities, whether when acting as an employer, providing services or working with people as individuals or in groups.
Ariel is committed to the development and expansion of positive policies to promote equal opportunities in employment regardless of workers' colour, age, class, employment status, disability, gender, marital status, nationality, parental status, religious beliefs and sexual orientation. This principle will apply in respect of all conditions of work including rates of pay, hours of work, holiday entitlement, work allocation, guaranteed earning, sick pay, maternity pay, paternity pay, recruitment, training, promotion and redundancy.
Ariel has committed itself to adopting work practices which would enable people to attain a quality of life which is consistent with being equal members of society. Ariel requires that all of its staff and Trustees promote this equal opportunities policy through its work and services.
TRUSTEES
The names of the present trustees and all who held office during the year are shown on page 1. In accordance with the provisions of the Charity's Articles of Association, at the forthcoming Annual General Meeting of the Charity, Kelly Pennington and Dr Margaret Webster retire by rotation and being eligible, offer themselves for re-election.
Volunteers
The trustees are the charity's volunteers and the Trust is grateful for their support and service.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Charity Trustees (who are also the directors of Ariel Trust Limited for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources including the income and expenditure of the company for that period. In preparing the financial statements the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and accounting estimates that are reasonable and prudent;
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State whether applicable UK accounting standards have been followed subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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Ariel Trust Limited
FOR THE YEAR ENDED 31/03/2023
TRUSTEES' REPORT
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
KEY PERSONNEL
Key Personnel are:
Executive Director: Paul Ainsworth
Assistant Director: Helen Johnson
PAY POLICY FOR SENIOR STAFF
The directors consider the board of directors who are the trustees and the senior management team comprising the executve director and the assistant director in charge of directing controlling running and operating the Trust on a day to day basis. All directors give of their time freely and no director received remuneration in the year. Details of directors' expenses and related party transactions are disclosed in the notes to the accounts.
The pay of senior staff is reviewed and reflects the level of skill experience and knowledge for the roles and remuneration levels in the sector.
BOARD STRUCTURE
The following sub committees have been established with the intention that they will take advantage of the specialist skills of a number of the trustees and allow for more focused work on these areas between board meetings.
Finance
Human Resources
RISK MANAGEMENT
The major risks to which the Charity is exposed concern business risk and operating risk and in particular raising adequate funds or generating sufficient income to cover costs. The Board confirms that the day to day reporting systems and controls operated and regularly monitored by the organisation are designed to mitigate those risks. The Charity regularly reviews and updates risks.
OBJECTIVES AND ACTIVITIES
During 2022-2023 the Trustees have reviewed the objects and updated them to reflect the modern media landscape. These updated objects have been approved by the Charities Commission and were formerly adopted at the AGM in January 2023.
page 5
Ariel Trust Limited
FOR THE YEAR ENDED 31/03/2023
TRUSTEES' REPORT
The Objects of the Charity are:
(i) To promote for the benefit of the public the furtherance of education, training, knowledge and understanding of all members of the public (with emphasis on the members of the public who are young, disadvantaged or facing the risk of social exclusion) through and in all aspects of sound, television and digital media; and
(ii) To advance in life and help young people through providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
A review of the objects has been carried out in line with the development of the charity's activities and a mission statement has been agreed:
- To improve the quality of education. We will develop models of best practice based on multimedia projects tackling social themes. At the heart of our work is an evidence-based approach designed to motivate and engage young people changing their attitudes, behaviour and levels of achievement.
Ariel Trust offers services to members of the public, with the emphasis on the members of the public who are young or disadvantaged. These services focus on using creativity and digital media to build skills and resilience, with a focus on communication skills. The organisation does this by:
i) Delivering education projects for young people
ii) Listening to the voices of young people and co-creating educational films and activities based on what they tell us
iii) Publishing high quality online resources for schools based on the ideas and experiences of the young people we work with
iv) Delivering training for teachers to support them to deliver best practice in prevention education using Ariel's online resources and skillsbased approach
In delivering the activities the Charity is supported by a voluntary Board of Trustees. The Charity does not have any other volunteer programme.
ACHIEVEMENTS AND PERFORMANCE
Key Developments during 2022/23
During 2022/23 Ariel maintained its staff team, including our sessional team, and continued to deliver significant outcomes for young people across Merseyside, achieving a significant financial surplus over the period.
Face-to-face delivery in school was supported by the final period of TNL funding; the contract period was extended until the end of the financial year, allowing us to exceed our contract targets and work with a total of 942 young people over the life of the project. In addition, the Paul Hamlyn Foundation funded a project that allowed us to continue to improve our resources and teacher training offer. In 2022/23 this included a number of new innovations; producing demonstration videos showing our forum theatre approach in action, an improved teacher training programme including these videos and a number of pilots exploring the best ways to engage parents in the delivery of our programmes.
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Ariel Trust Limited
FOR THE YEAR ENDED 31/03/2023
TRUSTEES' REPORT
Ariel has continued to win contracts with local authorities and the Violence Reduction Partnership, which are focused on engaging schools in our violence prevention resources through online teacher training. During the year we were able to extend our reach to one third of primary schools on Merseyside, exceeding the targets required by our contracts. We have also delivered improvements to our Skills to Resist Radicalisation resource, which integrate the forum theatre approach into the core content and offer video-based support to teachers. A new website, Skills for Healthy Relationships, based on our film Send me a Selfie, was launched in September. This fully integrates the forum theatre elements and provides a template that we would like to implement in relation to our other programmes.
Key Issues in Next Period
For the second successive year we have generated a significant surplus and entered the new year in negotiation with statutory partners for contracts that will allow us to break even during the current year. During the last 12 months we have been reviewing and developing our existing online resources in order to integrate our new forum theatre practice. The contract we are currently discussing with Merseyside Violence Reduction Partnership will focus on implementing the same improvements to our Grassing or Grooming? programme and ensuring our three safeguarding education programmes are fully embedded into our 160 partner schools and that teachers build confidence in using our forum theatre-based approach.
Our top priorities are to secure income for 2024/25 and beyond, we are therefore planning a number of grant applications that are focused on the timeframe. These applications focus on two key areas of our work; funding for face-to-face delivery and investment into our core development plan. In terms of our direct work with young people we are submitting applications to Arts Council, TNL Communities Fund and BBC Children in Need. Core funding applications with focus on continuing our relationship with Garfield Weston Foundation and exploring a new application to Esmee Fairbairn Foundation, whose new criteria are a good fit for our work.
FINANCIAL REVIEW
The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements. The Statement of Financial Activities is on page 11.
Total incoming resources were £119,610 (2022 £258,212). Total resources expended were £181,457 (2022 £171,621). The net outgoing resources for the year were £61,847 (2022 net incoming resources £86,591). The charity generated a surplus on the unrestricted funds of £10,986 (2022 £40,997) which has increased the accumulated surplus carried forward on the unrestricted fund to £101,180. Total funds on the Balance Sheet at 31 March 2023 are £124,058 (2022 £185,905) being unrestricted funds £101,180 (2022 £90,194) and restricted funds of £22,878 (2022 £95,711).
The unrestricted funds comprise designated funds set aside for business reorganisation of £41,405 (2022 £38,288) and the general fund of £59,775 (2022 £51,906).
POLITICAL CONTRIBUTIONS
During the year there were no political or charitable donations.
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Ariel Trust Limited
FOR THE YEAR ENDED 31/03/2023
TRUSTEES' REPORT
FIXED ASSETS
The movements on fixed assets are shown in the notes to the accounts.
RESERVES POLICY
The organisation is run on a not for profit basis but for prudent management and in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities the Board aims to maintain a level of free reserves (that is those funds not tied up in fixed assets, designated or restricted funds) to establish a sustainable entity and guard against contingencies. The actual free reserves at 31 March 2023 were £59,764 (2022 £51,895). A total of £41,405 is prudently set aside that could be used for the purpose of reorganisation as described in the notes to the accounts. The Trustees plan to use some of the free reserves to update resources and websites to improve prospects of winning future Teacher Training Projects.
PLANS FOR FUTURE PERIODS
Strategy for Long-term Sustainability
Our long-term strategy continues to focus on maintaining a diverse income profile. The establishing of Violence Reduction Partnerships has provided new opportunities to win public sector contracts for delivering our work. Although a General Election may lead to a change in Government, it is unlikely it will affect these priorities, as both main parties have made a commitment to a Public Health approach to crime prevention. Our plan is to win these contracts through delivering demonstration projects in new areas and to use this work to engage local funding and delivery partners with a view to securing larger contracts in the medium term. We have made progress in both Lancashire and Halton, which we hope to develop further in the next period.
We continue to maintain our European partnership with the Evens Foundation and have delivered a successful project with a German partner, PlanPolitik, to translate and roll out Skills to Resist Radicalisation across Germany. We are currently talking to our partners about how we can develop this work into a larger transnational programme with EU funding support.
We continue to have an active strategy of fundraising from Trusts and Foundations, particularly in relation to Business Development. Specifically we are planning an application to Esmee Fairbairn Foundation and are currently updating our Business Plan to support this approach.
INDEPENDENT EXAMINER
During the period, Julie Guinan FCCA of Harvey Guinan LLP acted as independent examiner to Ariel Trust Limted. A resolution to reappoint her will be put to the forthcoming Annual General Meeting.
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
SMALL COMPANY RULES
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Ariel Trust Limited
FOR THE YEAR ENDED 31/03/2023
TRUSTEES' REPORT
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 30/10/2023
Yaqub Rahman Trustee
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Ariel Trust Limited
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/03/2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARIEL TRUST LIMITED
I report on the accounts of the company for the year ended 31/03/2023 .
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
As the charity's trustees of the Company (who are also the directors of the company 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).
BASIS OF INDEPENDENT EXAMINERS STATEMENT
Having satisfied myself that the accounts of the Company are not required to be audited for this year 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 EXAMINERS STATEMENT
The company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
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accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
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the accounts do not accord with such records; or
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the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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
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the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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.
................................................... Julie Guinan FCCA, Independent Examiner
Date: 30/10/2023
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH 0151 709 7797
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Ariel Trust Limited
Statement of Financial Activities for the year ended 31/03/2023
| Income Income from generated funds Donations Income from Investments Income from charitable activities Total Income Expenses Costs of generating funds Expenditure on Charitable activities Total Expenses Net Income Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestricted funds £ 2 606 11,503 12,111 1,125 1,125 10,986 10,986 90,194 101,180 |
Restricted funds £ - - 107,499 107,499 180,332 180,332 (72,833) (72,833) 95,711 22,878 |
2023 Total £ 2 606 119,002 119,610 181,457 181,457 (61,847) (61,847) 185,905 124,058 |
2022 Total £ 7 10 258,195 |
|---|---|---|---|---|
| 258,212 | ||||
| 171,621 | ||||
| 171,621 | ||||
| 86,591 | ||||
| 86,591 99,314 |
||||
| 185,905 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
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Ariel Trust Limited
| BALANCE SHEET AT 31/03/2023 Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Debtors (amounts falling due within one year) 5 Cash at bank and in hand CREDITORS: Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Unrestricted funds 8 General fund Designated funds Restricted funds 9 |
26,374 121,308 147,682 23,635 |
2023 £ 11 124,047 124,058 59,775 41,405 22,878 124,058 |
48,265 165,275 213,540 27,646 |
2022 £ 11 185,894 |
|---|---|---|---|---|
| 185,905 | ||||
| 51,906 38,288 95,711 |
||||
| 185,905 |
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 30/10/2023 and signed on their behalf by
............................. Yaqub Rahman Trustee
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Ariel Trust Limited
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. 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
Designated funds are set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
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Ariel Trust Limited
1f. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Fixtures and fittings 15% Straight Line
Equipment 15-33% Straight Line
1g. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1h. Turnover
Turnover represents the invoiced value of goods and services supplied by the company including grant income. The company is not registered for vat.
1i. Recognition Of Income
Items of income are recognised and included in the accounts when all the following are met: (1)The charity has entitlement to the funds; (2) Any performance conditions attached to the income have been met or are fully within the control of the charity; (3) There is sufficient certainty that receipt of the income is considered probable and (4) The amount can be measured reliably
1j. Debtors Policy
Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discount due.
1k. Cash At Bank And In Hand Policy
Cash at bank and in hand includes cash and short term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account
1l. Creditors And Provisions Policy
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement value amount after allowing for any discount due.
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Ariel Trust Limited
1m. Financial Instruments Policy
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
1n. Assets And Liabilities Policy
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
1o. Preparation Basis Policy
The Financial Statements have been prepared in accordance with 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 the Republic of Ireland FRS102 (issued October 2019) and the Companies Act 2006. Ariel Trust Limited meets the definition of a public benefit entity under FRS102. Assets and Liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
1p. Going Concern Basis Accounts Preparation
Based upon the Charity Business Plan, Budgets, the successful outcome of targeted fundraising, bidding for new delivery contracts and funds and contracts raised to date, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in the preparation of the accounts.
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Ariel Trust Limited
2. DIRECTORS AND EMPLOYEES
Particulars of employees (including directors) are shown below:
| Employee costs during the year amounted to: Wages and salaries Social security costs Pension costs The average weekly numbers of employees during the year were as follows: Management and administration |
2023 £ 133,754 7,661 7,331 148,746 2023 No. 5 5 |
2022 £ 125,267 7,163 6,591 |
|---|---|---|
| 139,021 | ||
| 2022 No. 5 |
||
| 5 |
No Director/ Trustee received expenses, fees or remuneration for their services as directors. The Company contributes to individual employee defined contribution pension schemes with assets held separately from the company managed by an insurance company. No employees had employee benefits in excess of £60,000 (2022 nil). The key management personnel were the executive director and assistant director. The total employee benefits of the key management personnel were £80,030 (2022 £73,975).
3. PENSION CONTRIBUTIONS
| Pension contributions | 2023 £ 7,331 7,331 |
2022 £ 6,591 |
|---|---|---|
| 6,591 |
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Ariel Trust Limited
4. TANGIBLE FIXED ASSETS
| Cost At 01/04/2022 At 31/03/2023 Depreciation At 01/04/2022 At 31/03/2023 Net Book Amounts At 31/03/2023 At 31/03/2022 5. DEBTORS Amounts falling due within one year: Trade debtors Other debtors 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors |
Fixtures and Fittings £ 3,503 3,503 3,493 3,493 10 10 |
Equipment £ 4,371 4,371 4,370 4,370 1 1 2023 £ 25,020 1,342 26,362 2023 £ 3,458 20,177 23,635 |
Total £ 7,874 |
|---|---|---|---|
| 7,874 | |||
| 7,863 | |||
| 7,863 | |||
| 11 | |||
| 11 | |||
| 2022 £ 47,166 1,087 |
|||
| 48,253 | |||
| 2022 £ 3,359 24,287 |
|||
| 27,646 |
Included in other creditors is £15,600 (2022 £14,233) deferred income being income in advance of spend in future periods comprising INOK Project £15,300 (2022 £nil), Miscellaneous £300 (2022 £nil), Merseyside Police Crime Commissioner £nil (2022 £14,166) and Evens Foundation £nil (2022 £67).
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Ariel Trust Limited
7. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31/03/2023 there were 5 members.
8. UNRESTRICTED FUNDS
| General fund Designated Reserve Fund Contingent Liabilities Fund |
Brought forward £ 51,906 28,288 10,000 90,194 |
Incoming resources £ 12,111 - - 12,111 |
Outgoing resources £ (1,125) - - (1,125) |
Transfers £ (3,117) 3,117 - - |
Carried forward £ 59,775 31,405 10,000 |
|---|---|---|---|---|---|
| 101,180 |
Designated Reserve Fund
Funds for possible employment termination costs likely to be incurred should the charity cease to operate or have to reduce its activities. This is reviewed annually to ensure that the charity's liabilities are as informed as possble.
Contingent Liabilities Fund
Funds designated for general contingencies including restructuring the service or reducing activities.
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Ariel Trust Limited
9. RESTRICTED FUNDS
| Garfield Weston Foundation The National Lottery Communities Fund Esmee Fairbairn Merseyside Violence Reduction Partnership Paul Hamlyn Foundation Liverpool City Council Prevent Citysafe Programme |
Brought forward £ 15,000 53,580 3,333 - 23,798 - 95,711 |
Incoming resources £ - - - 45,666 38,500 23,333 107,499 |
Outgoing resources £ (15,000) (53,580) (3,333) (45,666) (45,420) (17,333) (180,332) |
Transfers £ - - - - - - - |
Carried forward £ - - - - 16,878 6,000 |
|---|---|---|---|---|---|
| 22,878 |
Garfield Weston Foundation
Funds for sharing an evidence based approach to violence prevention
The National Lottery Communities Fund
Funds for creative projects developing young people's digital literacy skills and resilience online.
Esmee Fairbairn
Funds towards core costs to support the national roll out of a grooming prevention programme for disadvantaged children and young people.
Merseyside Violence Reduction Partnership
Funds for projects aimed at tackling violent crime and exploitation.
Paul Hamlyn Foundation
Funds for the development of professional development programmes for teachers, which promote our forum theatre approach to anti-violence education
Liverpool City Council Prevent Citysafe Programme
Funds for the development of Skills to Resist Radicalisation
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Ariel Trust Limited
10. RELATED PARTY TRANSACTIONS
There were no related party transactions in the year.
11. GENERAL INFORMATION
Ariel Trust Limited a company limited by guarantee with charitable status is incorporated and domiciled in England and Wales, and has its registered office and principal place of business at The Florence Institute, 377 Mill Street, Liverpool L8 4RF. The principal activity of the company is to engaging young people in educational resources.
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Ariel Trust Limited
12. RESOURCES INCOMING
| 2023 | 2022 | |
|---|---|---|
| Investment Income: Bank Interest Receivable | 606 | 10 |
| Voluntary Income: Donations | 2 | 7 |
| Charitable Activities: | ||
| Income Generation: Contracts For Services | 11,033 | 33,000 |
| Income Generation: INOK Services | - | 46,000 |
| Esmee Fairbairn | - | 20,000 |
| The National Lottery Communities Fund | - | 61,165 |
| Liverpool City Council Prevent Citysafe Programme | 23,333 | - |
| Merseyside Violence Reduction Partnership - INOK | 45,666 | 42,000 |
| Face-to-Face Delivery - Paul Hamlyn | 38,500 | 36,000 |
| Garfield Weston Foundation | - | 20,000 |
| Miscellaneous income | 470 | 30 |
| __ | __ | |
| 119,610 | 258,212 | |
| __ | __ |
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Ariel Trust Limited
13. NET ASSETS BY FUND
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| Tangible Fixed Assets | 11 | - | 11 |
| Net Current Assets | 101,169 | 22,878 | 124,047 |
| __ | __ | __ | |
| 101,180 | 22,878 | 124,058 | |
| __ | __ | __ |
14. RESOURCES EXPENDED
Support costs include insurance, stationery, office supplies, telephone, internet and subscriptions.
| 2023 | 2022 | |
|---|---|---|
| Direct Costs | 17,548 | 17,971 |
| Premises | 5,640 | 5,640 |
| Staff Costs including direct and management | 148,746 | 139,021 |
| Marketing | 375 | 1,110 |
| Support Cost:Admin Overheads | 6,181 | 4,929 |
| Finance costs | 747 | 730 |
| Governance Costs : Independent Examination/Audit | 2,220 | 2,220 |
| __ | __ | |
| 181,457 | 171,621 | |
| __ | __ |
15. TAXATION
No taxation is provided due to the company's charitable status.
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