Orchardville Society Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted
funds Total funds
2022
Unrestricted
funds
Total funds
Note
Income
Donations and legacies
Charilable activities
Other trading activities
Investment income
other income
23,443
206,659
669,777
2,284
2,509
2,353
1,568,472
25,796
1,775,131
669,777
2,284
2,509
97,248
1,690,661
565,125
1,518
1,751
Total income
904,672
1,570,825
2,475,497
2,35e,303
Expenditure
Expenditure on r8ising funds..
Costs of raising donations and
legacies
Costs of other trading activities
Expenditure on charitable activities
Total expenditure
10
11
12
23.499
319,473
964,786
23,499
319,473
2.487,398
28,191
238,355
2,259,509
1,522,612
1,307,758
1.522,612
2,830,370
2,526,055
Net expenditure
(403,0861
48.213
(354.873) {169,752)
Transfers between funds
73.143
(73.143)
Net movement in funds
1329.943)
(24.930) (354.8731 {169,752)
Reconciliation of fund5
Total funds brought forward
Total funds carrled forward
854,157
524.214
96,089
950,246
1,119,998
950,246
71,159
595,373
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from Gontinuing activities.
The notes on pages 20 to 33 form part of these financial statements.
17

Orchardville Society Limited
Company Limited by Guarantee
statement of Financial Position
31 March 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
17
84,073
118,131
Current assets
Stocks
Debtors
Cash at bank and in hand
18
19
17,752
191,064
537,575
746,391
20,793
221,850
961,121
1,203,764
Creditors.. amounts falllng due within one year
Net current assets
20
235.091
371,649
511.300
832,115
950,246
Total assets less current liabilities
595,373
Net assets
595,373
950,246
Funds of the charity
Restricted funds
Unrestricted funds
71,159
524,214
96,089
854,157
Total charity funds
24
595,373
950,246
These financial statements have been prepared in accordance with the provisions applicable lo
companies subject lo the small companies, regime.
These financial statements were approved by the board of trustees and aulhorised for issue on 28th
November 2023, and are signed on behalf of the board by..
Kathryn Martin
Trustee
Louise Ti
Trustee
The notes on page5 20 to 33 form part of these flnancial statements.
18

Orchardville Society Limited
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2023
2023
2022
Cash flows from operatlng actlvities
Net expenditure
(354,873) (169.752)
Adjustmenls for
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar charges
Accrued income
40,102
12,284)
54,414
(1,518)
38
(136.8731
Changes in..
Stocks
Trade and other debtors
Trade and other creditors
3,041
35.753
{4.6521
(419,7861
(2,089)
91,192
40,306
Cash generated from operations
12,591
Interest paid
Interest received
(381
1,518
14,071
2,284
Net cash {used inllfrom operating activities
1417,5021
Cash flows from investing activities
Purchase of tangible assets
Proceeds from sale of tangible assets
Net cash used in investing aclivities
(7,566)
1,522
(6,044)
113,630)
{13,630)
Net Idecrease)lincrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
{423.546)
961,121
441
960,680
537,575
961,121
The notes on pages 20 to 33 forni part of these flnancial statements.
19

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
15 Lagan Village Tower, 144-152 Ravenhill Road, Belfast, BT6 8ED.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 IFRS 1021 (Charities
SORP (FRS 10211 and the Companies Act 2006.
Accountlng policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revalu81ion of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, whiGh is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial slalements requires management to make judgements,
estimales and assumptions that affect the amounts reported. These estimates and judgement5
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use al the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Reslricled funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.
20

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
Accounting policies (Continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity- it is probable that the economic benefits associated with the transaction
will flow to the charity and the amounl can be reliably measured. The following specific policies
are applied to particular categories of Income-
income from donations or grants is recognised when there is evidence of entitlement lo the
gift, receipt is probable and ils amount can be measured Teliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless thi5 15
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the eslimaled resale value. Donated facilities and services are recognised in the
aGGounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it lo be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannol be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities. events,
non-charitable trading aclivilies, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and Gosts relating to the governance of the charity apportioned to charitable
aclivilies.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure ON charitable activities.
All cosls are allocated lo expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activitie5 they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated Impairment losses.
21

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements {continuedJ
Year ended 31 March 2023
Accounting policies (contlniJ8d)
Tanglble assets fcontlnued)
An increase in the carTying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless il reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which il offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreclatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
Value, over the useful economic life of that asset as follows..
Long leasehold property
Fixtures and fittings
Motor vehicles
Equipment
40/0 straight line
20 % straight line
33 % straighl line
33 % straight line
Impairment of fixed assets
A review for indicators of impairment is carried out al each reporting date. with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal al each reporting date.
For the purposes of impairment lesling. when it is not Possible to estirnale the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unil is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from oth8r assets or groups of assets.
For impairment testing of goodwill. the goodwill acquired in a business combination is, from the
acquisition dale, allocated to each of the cash-generaling units Ihat are expected lo benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to cornplete and
S611. Cost inGludes all costs of purchase, costs of conversion and other costs incurred in bringing
the stock to its present localion and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants
are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaching lo them and the grants will be received.
22

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting policies fcontlnuedj
Government grants (contlnuedj
Where the grant does not impose specified future performance-relaled conditions on the
recipient, it is recognised in income when the grant proceeds are received or receivable. Where
the grant does impose specified future performance-related condilions on the recipient, it is
recognised in income only when the performance-related conditions have been met. Where
grants received are prior lo satisfying the revenue recognition criteria, they are recognised as a
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions af the instrument.
Basic financia5 instruments are initially reco9nised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can olheTwise be measured
reliably, the investment is subsequently measured al fair value with changes in faiT value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value. unles5
payment for an assel is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
other financial instruments are subsequently measured at fair value. with any changes
recognised in Ihe statement of financial activities, with the exception of hedging instruments in
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for abjeclive evidence
of impaiment at the end of each reporting date. If there is objective evidence of impairment. an
impairment loss is recognised under the appropriate hoading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. other financial assets are
either assessed individually or grouped on the basis of similar credit risk characlerislics.
Any reversals of impairment are recogni5ed immediately, to the extenl that the reversal does not
result in a carrying arrount of the financial asset that exceeds whal the carrying amount would
have been had the impairment not previously been recognised.
23

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements f¢ontinuedJ
Year ended 31 March 2023
Accounting pollcies (eontlnuodj
Defined contrlbutlon plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepaymenl will lead la a reduction in future payments or a cash refund.
When contributions are not expected lo be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of thè discount is recognised as an expense in
the period in which it arises.
Lirnited by guarantee
The company is limited by guarantee and accordingly does not have a share capital. Every
member of the company undertakes to contribute such amount as may be required not
exceeding £1 to the assets of the charitable company in the event of it being wound up while he
or she is a member or within one year after he or she ceases to be a member.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Sundry donations
23,443
2,353
25,796
Grants
Covid Charity Grant
23,443
2,353
25,796
Unrestricted
Funds
Reslri¢led Total Funds
Funds
2022
Donations
Sundiy donations
38,948
6,412
45,360
Grants
Covid Charily Grant
51,888
90,836
51,888
6,412
97,248
24

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements feontinued)
Year ended 31 March 2023
Charitable activities
Unreslricted
Funds
Restricted Total Funds
Funds
2023
SDS Income
Travel lo Work
DOF Covid Re-cafes
BBC - Children in Need
Employabilrty solutions BHSCT Income
Employability Solutions Craft Income
DOH Castle Buildings
Community Foundation Nl
DfE
DOF Covid Omicron Hospitality
HMRC JRS grant
Carers Fund
Department of Justi
Rank Foundation
OCN Nl grant
Department of Health
Mid and East Antrim BC
The Cedar Foundation
Barclays
ESF Grant Aid
Belfast Health & Social Care Trust
Clasp Project
Workable
Tap2
South Eastern Health & Social Care Trust
Western Health & Social Care Trust
Erasmus
96,274
4,209
96,274
4,209
39,833
36,379
39,833
36,379
46,838
46,838
3,000
3,000
35,330
4,000
12,797
288
35,330
4,000
12,797
3,628
35,305
2,900
70
12,610
489,570
252,691
24.447
203.635
66,809
383,414
21,392
3,340
35.305
2.900
70
12,610
489,570
252,691
24.447
95.069
66,809
383,414
21,392
108,566
206,659
1,568,472
1,775,131
25

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2023
Charitable activities (conlinuedj
Unrestricted
Funds
Restricted Total Funds
Funds
2022
SDS Income
Travel to Work
DOF Covid Re-cafes
BBC - Children in Need
Employability solutions BHSCT Income
Employability Solutions Craft Income
DOH Castle Buildings
Community Foundation Nl
DfE
DOF Covid Omicron Hospitality
HMRC JRS grant
Carers Fund
Department of Justice
Rank Foundation
OCN Nl grant
Department of Health
Mid and East Antrim BC
The Cedar Foundation
Barclays
ESF Grant Aid
Belfast Health & Social Care Trust
Clasp Project
Workable
Tap2
South Eastern Health & Social Care Trust
Weslern Health & Social Car8 Trust
Erasmus
60,222
1,096
15,086
39,333
35,345
60,222
1,098
15,086
39,333
35,345
279
76,982
12,000
2,000
20,000
20,598
279
76,982
12,000
2,000
20.000
20,598
520,098
312.496
520.098
312,496
58,842
93,962
152,804
19,878
375.087
21,241
6,116
1.480,082
394,965
21,241
6,116
210,579
1,690,661
Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
The Orchard Café
Bvsiness Centre
Orchard Café at The Grove
Orchardville Cleans
TR Fastenings Income
182,085
106,965
225,931
154,796
182,085
106,965
225,931
154,796
186,822
111,434
176,533
87,363
2,973
186,822
111.434
176,533
87.363
2.973
669,777
669,777
565,125
565.125
26

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2023
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Bank interest
2,284
2,284
1,518
1,518
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Other income
2,509
2,509
1,751
1,751
10. Costs of raising donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Fundraising costs
Donations costs
8,660
14,839
8,660
14,839
23,499
3,964
24,227
3,964
24,227
28,191
23,499
28.191
11. Costs of other trading actlvlties
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Fursds
2022
The Orchard Café
Business Centre
The Foundry
Orchard Café al The Grove
208,319
74,747
208,319
74,747
43,914
82,161
70,666
41,614
43,914
82,161
70,666
41,614
36,407
36,407
319,473
319,473
238,355
238,355
12. Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2023
Total fund
2022
Employment & Skills
Community Provision
Supported Training
Induslrial Solulions
Fundraising
Governance costs
1,076,811
616,288
206,521
30,312
234,404
184.394
70,556
1,311,215
800,682
277,077
30,312
8,348
59,764
1,099,783
755,751
328.209
4,480
7,509
63,777
8,348
59,764
1,929.932
557,466
2,487,398
2,259,509
27

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2023
13. Analysis of support costs
Costs of
generating
voluntary
income Total 2023 Total 2022
Employment Community Supported
& Skills
Provision
Training
Staff costs
Premises
Communications
and IT
General office
Governance cosls
159,304
52.944
150,807
17,253
52,318
4,535
5,071
2,150
367,500
76,882
299,469
64,419
6,729
15,427
24,830
4.938
11.396
17,757
4,133
9,570
16,064
86,620
342
785
1,113
16,142
37,178
59,764
557.466
19.810
36,361
63,777
259,234
202,151
9,461
483,836
14. Net expenditure
Net expenditure is slated after chargingl(creditingl'.
2023
2022
Depreciation of tangible fixed assets
Fees payable for the audit of the financial statements
40,102
9,384
54,414
9,084
15. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follow5:
2023
2022
Wages and salaries
Social security costs
Employer contribution5 to pension plans
Other employee benefits
1,762,649
125.479
125,316
1,581.947
106.947
99,510
3,418
2,013,444
1.791,822
The average head count of employees during the year was 121 (2022.. 99). The average number
of full-time equivalent employees during the year is analysed as follows..
2023
2022
Total head count of staff
121
99
No employee received employee benefits of more than £60.000 during the year (2022.. Nill.
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for
planning. directing and controlling the activities of the charity, The total compensation paid to key
management personnel for services provided to Ihe charity was £367,499 (2022.'£299,3991.
28

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
16. Trustee remuneration and expenses
The charity trustees were not paid or received any other benefits from employment with the
Charily in the year {2022'. NIL). Trustees were not reimbursed for any travel expenses during the
year (2022. NIL}.
17. Tangible fixed assets
Long
leasehold Fixtures and
property
fittings
Motor
vehicles Equipment
Total
Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
180,583
131.081
2,035
(1,065)
132,051
6,879
208,557
5.531
527,080
7,566
{6,372)
528,274
(5.307)
175.256
6,879
214,088
Depreciation
At 1 April 2022
Charge for the year
Disposals
At 31 March 2023
115.964
12,925
14,069)
124,820
115,954
5.638
(7811
120,811
3,249
2,293
173.782
19,246
408,949
40,102
(4.850)
444,201
5,542
193.028
Carrylng amounl
At 31 March 2023
50,436
11,240
15,127
1,337
21,060
84,073
118.131
At 31 March 2022
64,599
3,630
34,775
18. Stocks
2023
2022
Finished goods and goods for resale
17.752
20.793
19. Debtors
2023
2022
Trade debtors
Prepayments and a¢¢rued income
Other debtors
70,913
22,768
97,383
88,159
17,801
115,890
191.064
221.850
29

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements (eontlnued)
Year ended 31 March 2023
20. Creditors: arnounts falling due within one year
2023
2022
Trade creditors
Accrua15 and deferred income
Social security and other taxes
Other creditors
36,313
130,840
56,447
11,491
49,969
262,746
49,481
9,453
235,091
371.649
21. Deferred income
2023
2022
At 1 April 2022
Amount released to income
Amount deferred in year
At 31 March 2023
3,567
{3,567}
60,444
14.997
(14.9971
3,567
3,567
60,444
22. Pensions and other post retirement benefits
Defined contribution plans
The arnounl recognised in income or expenditure as an expense in relation to defined
contribution plans was £125,316 (2022.. £99,510).
23. Government grants
The amounts recognised in the financial statements for government grants are as follows..
2023
2022
Recognised in creditors..
Deferred government grants due within one year
3.567
14,997
30

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2023
24. Analysis of charitable funds
Unrestricted funds
At
31 March 202
At
1 April 2022
Income Expenditure
Transfers
General funds
Designated Fund
854,157
904,672 {1,307,758)
73,143
524,214
854,157
904,672 (1,307,758)
73.143
524,214
At
31 March 202
At
1 April 2021
Income Expenditure
Transfers
General funds
Designated Fund
840.221
210,000
1,050.221
869.809 {1,065,873)
210,000
(210,0001
854,157
869,809 {1.065.873)
854,157
The £210,000 which was previously designated for the purchase of the Lagan Village Tower
premises, has now been moved into general funds, as the purchase of LVT is no longer being
considered.
Restricted funds
At
31 March 202
At
1 April 2022
Income Expenditure
Transfers
ESF
Eramsus
Travel to Work
The Bally Thomas
Charitable Fund
Garfield Weston
Foundation
Orchardville DFC
Restricted Donations
SDS Income
BBC Children in need
Employability BHSCT
Workable
Western Health and
Social Care Trust
South Eastern Health
and Social Care Trusl
Belfast Health and
Social Care Trust
DOF Covid Cafes
Community Foundation
489,570
1489,570)
61,238
(61,238)
4,209
(4,209)
3,000
(3,0001
8,905
177
2,573
16,591
22
3,583
18,905)
177
2,573
64,804
22
3,583
2,353
96,274
39,833
36,379
95,069
(2.353}
(48,0611
(39,8331
136,379)
195.069)
21,392
{21,392)
383,414
{383,414)
343,947
{343.947)
3,000
(3,000)
31

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements {contlnued)
Year ended 31 March 2023
24. Analysis of charitable funds (conllnued)
Carers Fund
Department of Justice
Rank Foundation
OCN Nl Grant
Mid and East Antrim BC
The Cedar Foundation
35,330
4,000
12,797
288
2,900
70
(35,3301
14,0001
(12,7971
{288}
12,900}
{70)
1,570,825 <1,522,612)
96,089
(73,143)
71,159
At
31 March 202
At
1 April 2021
Income Expenditure
Transfers
ESF
Eramsus
Travel to Work
The Bally Thomas
Charitable Fund
Garfield Weston
Foundation
Orchardville DFC
Reslricled Donations
SDS Income
BBC Children in need
Employability BHSCT
Workable
Western Health and
Social Care Trust
South Eastern Health
and Social Care Trust
Belfast Health and
Social Care Trust
DOF Covid Cafes
Communily Foundation
520,098
6,116
1,096
{520,0981
55,122
61,238
(1,096)
3,000
3,000
8,905
177
2,573
8,905
177
2,573
16,591
22
3,583
6.412
60,222
39,333
35,345
93,962
16,412)
(43,631)
(39,311)
(31,762)
(93,962)
21.241
(21,241)
375,087
(375,087)
312,496
15.086
{312.496)
(15,086)
Carers Fund
Department of Justice
Rank Foundation
OCN Nl Grant
Mid and East Anlrim BC
The Cedar Foundation
69,777
1,486,494 (1,460,182}
96,089
32

Orchardville Society Limited
Company Limited by Guarantee
Notes to the Financial Statements fcontlnugd)
Year ended 31 March 2023
25. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
84,073
671,665
(231,5241
524,214
84,073
74,726
746,391
13,5671 (235,091)
71,159
595,373
Unreslricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
118,131
1,203.764
(371,649)
950.246
118,131
1,203,764
(371,649)
950.246
26. Taxation
The Company is a registered charity, and as such is entitled to tax exemptions on income and
profits in furtherance of the charity's primary objeGlives.
27. Related parties
Ther8 were no related party Iransactions incurred during Ihe year.
28. Analysis of changes in net debt
At
At 1 Apr 2022 Cash flows 31 Mar 2023
Cash at bank and in hand
961,121
<423,546)
537,575
29. Contingencies
A contingent liabilily exists to repay grants received should certain conditions not be fulfilled by
the charity. In the opinion of the Trustees, the terms of the Lellers of Offer have been, or will be,
complied with and no liability is expected.
33