Company Registration Number- N1043465 The Charity Registration Number is :_ 106092 Dennett Interchange Report and Accounts 31 March 2023 Dennett Interchange Report and accounts tor the year ended 31 March 2023 Contents Page Charity Infomi*ton Trust80$' Annual Report Statement of dlrectors. responsiblll Indepondent Examlngrfs Rèport Statement of Financial Acbvities Slalement of Financial Acti￿ties- Prior Year stateme Movements In furKJs Revenue Fur)ds Income and EXK*rwjitu￿ account Summary offur*Js 11 12 14 14 15 14 Balance sheet N¢Xes to the a¢¢ounts 16 18 Dennett Interchange Company Regi8trats)n Numtw- N1043465 Trustees. Annual Report for the year ended 31 March 2023 The Trustees present th*r Report ar¥JA¢counts forthe year erkyed 31 Marth 20rJ. v*hth al80 o)mpnses Ihe Directors. Re[￿ required by the Ccffnpanie5 Act 2006. Reference and administrative dglails Tho ¢haritynamo. The kgal name of the charty is.". Denr￿ Irrterchay. The charftys areas opeTrUon and UKcharitable rngistmion. The charity is registered in NOrth￿n IrdaThJ %ith Ihe Chartycolrffji￿0Tr in Nrxthem Ir4and ICCNII V￿(h chanty number 106092. The chaFty not ¢¥efate in any cver5ea$ juti5di¢t*Jts. Leg*s¢rurt￿ ofthe eh The charity is ￿$￿tItsy as a cKJmpany limrted tyguarantee, Wiste￿ b)e Companies Acts. The goveming docurnent ofthe charity i8 Ihe MeM￿ar￿um ￿tideS ofA59Thtion esiabfi8hing Ihe company under CA)mpany legislatk)n. The govemirvJ do{￿ment 15 dated 17 January 2019 There are no restrictions in Ihe govemirwJ do(xJrrEnts on the waticffl of ￿ Charrty or on its investmenl po￿￿TS other Ihan those imposed by Charrty Law. By operation of law all. trustees a￿ d'redots urxjerthe Companies 2006 and all direuors are trustees un(Jer Charibes legisL*"on aThJ have re5￿n&￿'1*S. as swh. under charity1￿1$lats.c￿. The trustees ate all indiv#Juals. Dennett Interchange Company Regthts"on Numter- N1043465 Trustees, Annual Report for the year ended 31 March 2023 The prin¢lpal operatin9 address, telephone number, email and web attdrpssos of th• chaiity ar•.'. Amity Ho 1 Brook Road. Donenmna County TyT(Ye. BT82 OPF Te￿phOne 02877397990 Email Address denneth"nter¢hange@gmail.ciyTr Web w*Jress The regislered office of charity CThnpanies Act is ￿ same &8 0￿ratir address shcw+n above. Tho Trustets In offKe on the Ilate th• reportwas approtrtd wern:. Amanda 8ucfFanan Robert Jame5 Leslie CraKJ Dr Archibald Fullerb)n Dam￿Tr Devir Robert Elkin RotMns( Christine Fumon Hugh Logue Chrisb'ne RotJ"nsc Angela Hamiknn Thèfollowin9 ￿l￿On$ seNed a8 Trnstees dutlng the y•ar endod 31 March 2023:_ The trustees who serv*J as a trustee in tr* retK¥tillg and, rfaWi(zbJe, t1￿"r ¢Jates of appThnfrnentor resignation duiiw the ytrar*tffj'.- Name Hugh Logue Chrisb'ne RO￿nS( Angela Hamirton Nk))la Keys 1511Y2022 15112r2022 1511212022 All the trustees are also oftr* thanty. Objects and activitles of the charity The pUn￿seS of tho charity as set out In its goveming document The Project is established lo advan￿ educab"on, induding VOCAtional training. relieve povety, relieve the ejlferfy, lo conseNe and protect the I(￿1 environment arml to provide faalities in the interests of soaal ￿elfare for recTeab"on or lei5ure-lime (uupalion wth the object of improving the conditions of life for all inhabitanis of Derry City arKI Strabane District Cour￿11. Femianagh and Omagh Drslrict Council. and Causeway Coast and Glens Borough Counol areas vth)Lrt distinction of gender, race or of px)litical, religious or olher opinions. Donnett Interchango Company Registraknn Number- N1043465 Trustees. Annual Report for the year ended 31 March 2023 The main aetivlties undertaken In relation to those pUry￿e$ durlng the year. During the year provided a rarvJe of Coufses an(1 training to advance education. We organised accredited courses in child protedion training. food hyyiene. enwgenGy firsl aid at knt)tk and paediatric first aid. We also organised a range of soc431 & reC￿allon81 activities IIov+Er arTanging arK( yoga. We also C￿ordIn￿ed in partnership V￿th otfw statutory organisations & groups a range of Serv1￿ ainEd al rejieving poverty and improvirKJ tIE social veWare %thich Includes outreach Cit￿en$ advice seM¢£. resprte lor (arers. podiaty setvice arKI hearing aid We delivered a health & ￿lIbeing programme l(K>kirg at the mental & physical health of people aged 55+ ar¥J tdenlifing Wdys that ty may improvpjmainlain t￿lT mental & physical health. We also deliver the wral communtty developwt stjpport programtne fijnded by DAERA atKI administer the Rural Miuo Capital Granl Scheme ain*d at wral comn7unrty organisab"ons, dubs or associations. Through an onsite cafe V+E Can also offer a luntheon dub. treakfasls. mea15 on eels service & outdoor caterirKJ for tr* community. We also launched a 4 year programme 'Collective Approach to Rural Exdusion. (CARE) airr￿d al people age(1 SO+ a￿ isolated by encouragirKJ them to become socaal aThJ W tyjt aThY about wa 4Wfks￿ps a￿1 activibes. The main activities undertaken during the yearto further the chaiitys purpose for the public benefit During the year the charity continued to operate its Meals on Wheels servi￿. chartty offeted a programme ￿kn1¢h helwd provide services and fO￿j to the community it V•PS needed the most- items such as children activty pad(s, food Pa￿1$ gewal itews for individLtals and families. A Fun Day vrds organised as part of the Summer schedule ol events. The Peace IV15 Bridges programme c4)mpleted vAth the unveiliNJ of the infom)ation pane6s lo public. This now offer5 an informative a￿1 educational lir* bet￿Een the areas involved. The trustees have had regard to the Charity COMMI￿(￿,S gu¥Jarre kenefft in managing the a¢tiwties of the thaiity. The main achievèments and perfonnancg of the charity during the year. The year lo 31 Mar¢h 2023 saw the continuation of more normal actiwties for the tharty. The charity considers the orvJoir¥J demand a￿1 hlqh (Wake of its key (Krtreach programmes suth as Meals on Wheels as an achievement. The tharity C￿lInUed lo ¥%rJrk tO¥￿rdS its objects ol pfomotitvJ educab'on, relieving the elderty and prowding improvements in social b%Effare through various activtties designed lo assist those in the community. The charity vras able lo once again offer a summer duriThJ the year. The charity was also engaged in the Pilot Consensual wo9ramme as the Jead partr￿r %thich provided grants lo othei small communty associations y￿1n the St*rrin DEA enabling servi(2s and programmes lo conlinue in every (x)mer ofthe area. Donnett Interchange Company Registration Number. N1043465 Trustees. Annual Report for the year ended 31 March 2023 The difference the chaiity's perfomiance during the yearhas mado to the benellclaries of the charity and widersociety. The direct benefits flo*irKJ from our organisation duriro year (ThlIn￿ to relum lo nomial wth the inuease in it activtties. The charity continued in its aclion5 in reduung sfxial Isolab.￿ amongst the residents liwng in the rural area ￿1th the very popular Meals on W￿LS programme, and providing a Fun Day as part of the Summer stheilule. The charity helps provide a￿$5 for groups in the rural Derry Cty & Strabane Distrid Counal, Fermanagh aThJ Omagh District CouncAI and Causeway Coast and Glens Borough Council areas to funding ie DAERA Micro Capttal Grant Pr(MJramme- assist groups ¥51￿ fundirwJ applicab.ons & support groups wth govemance ie signposting grotrps lo support available, - gerErale in¢orrE from the S￿la1 economy project to provide setvices localty. The beneffts can be ￿ents"fied through the conb.nued strong demand for Ihe oulreath services. There is no harm arisirvJ from any of ￿ purposes. The main beneficiaries this year are the eldety and those livirg alone had a deal need for the OU￿aCh program still being offered by Dennett InterthaNJe. The benefiaaries are skople Imng in the Detry City & Strabane Dislrtct Council. Fefmanagh a￿1 Omagh District Courril, aThJ Causevoy Coast and Glens Borough C(￿nal areas. Structure. governancè and managemgnt of the charlty The methods used to recmit andappoint new chaiyty trustees. Newtrustees are identtfied throLTrJh y￿rd of I￿U￿. con* from the local (x1￿MunIty so very often are ￿￿11 kno￿ to extstir¥J members or trustees of the charFty. Potential trustees are screened and appointed by a panel comprising existirvJ tnjstees Ind￿lIng the Chairperson. An active recruilmenl process is not urKlertaken as ￿ charity is completety wmmunity-driven %%ith its members and trustees being from the Dery & Strabane Districl Council area. Bankers Santander. Bndle Road. B(￿e. L30 4GB AIB Bank . Stra￿j Road. BT48 TfN Bankers A(thuntsnts Financial review Rory P Gomifty & Co. 37A Pla'n Stre81 Dmnv)t8, Ciyjnty Tyr(￿ BT78 3AE The charftys financialposition at tho end of the year ended 31 Alarch 2023 The financial position ofthe charity at 31 Marth 2023 aThY o)mparatives for the prior period, as more fvlty detailed in the aciy)unis, be summarise(l as follo￿:_ As Restat&d 2023 2022 Net incomè {4.624) 15,0811 Dennett Interchange Cornpany Regthion N1043465 Truste8s' Annual Report for the year ended 31 March 2023 un￿51￿Cted Revenue Funds availatrAe fc* the general purtmxes of Ihe ctharty 14,050 12,056 Resthcted Revenue 151,457 158.075 Totsl Funds 165.507 170.131 inancial review of the position at the repo￿ng date, 31 Alarch 2023. The trustees are satisfied wth the perfomiance of the tharity in year lo 31 March 2023. Overall the tharity re￿rde(l a defial of £4.624 {2022." £5,081 deficJt. restated}. TIE balance sheet has total of £165,50712022.. £170,131 ieslatedl. Follov•TrJ the cessation of scffle funding programmes in the year lo 31 March 2020. the tharity suc￿ded in securing rewgrant fvndirvJ for ils programmes. 11 is noted that much of this funding is considereil non-reiyJrrirKJ as it Vds a response to the unique Circumstan￿ created by the Cov1￿19 global pa￿MiC. That said. Ihe charity is adapting lo the changes in ftjnding sour￿$ and is undergoing sorne ¢05t cutting n￿Sure$ and is continuing lo identify rtewsources of funding for Ihe months anrt1 years ahead. Spe¢ific chaw in )Ixed assets are detailed in the notes to the ac(x)unts. Policies on reserves. As al the end oftrE finanaal year 31 Marth 2023 the reserves held by ltte comparry amounted to £165,50712022', £170.131 testatedl. ¥easons for this finanoal position is an acojmulalion of surplus funds ovw the active lrfe of Dennett Inlerchange. Where expendTiLtre e5timaled was in excess of actual exr*nditure and theref(￿e on completion. projects v*re finished wth surplus funds of Dennett Interchange. These ￿erVeS provide security that DenrEtt Inlerthange will remain functioning if fundin9 vere to continue decrease in the short term and lo provide financial support if any fixed assets r￿d rePl3￿ment for the operab.on of provided by Dennett Interchange. Dennett Inlertharye has not SFeuficalty defined the level of ￿serveS to be held. etther as a minimum or a m￿MUM, bth all surplus funds are reinvested bac￿ into the company and a￿ held as des(xbed above fL¥ future wc4ects fijture life of the conwany. Golng Con¢em Wrth furKling ￿)ntInU1￿j lo be diffiojrt to sewre. the Charity is adaptirrfJ to IFE nwenvironment. The Charity is vK)rkirrfJ hard to identify replacement furmling. A8 mentioned new funding sour have been secured wth MO￿ being srANJht in the ￿￿kS and months ahead. Steps are also LEing tsken lo redu￿ costs ¥%ithrn the Charity. It is noted that reserves remain at a healthy level. The trustees are nol aware of any matertal COn(w￿ about Ihe tha[i￿S ability to continue as a going concem. Avallabillty and adequacy of ass•ts of each of thè funds Tl* board of trustees is satisfied that the thariiys assets in each fuThJ a￿ available and adequale to fujfil ils obltgalions in resth of each fvjnd. Dennett Interchange Company RegIstra￿Tr Number- N1043465 Trustees. Annual Report for the year ended 31 March 2023 The majorrisks to whlch the Charity Is exposed and revlews and systems to mitigate them. The charity depends on nicome fr(¥n a number offundirKJ streams, being grants atKI donatsons from governmenl and ncffl-govemment b￿lIeS. and revenues from rentsl income and some low- level fvndraiser events. The risks it faw are the￿[Ore around ￿ Un￿rtainlty on the politi(al stage. There is also addrtional risk to revels and 8vailabilty offimdir¥J uncertainty of Breth and Ihe new relationship V+ith EU. vknith is a key sour(* of futxling for soaal programres such as Dennett Interchange. eIt￿r directly ￿ through intemkdiate pubjic entities. The financial impact on the wider economy of the Covtd 19 pandemic is also a major risk lo the ¢lkgvity as it wll potentially adversely impact on LK)th govemmenl fijnding inibatives and on ￿Trder public donations. That satd, there is an assumpb.on that vknilst in short lemi d*re ts uncertainty. this cannot continue and stability wll retum. The Charity continues to vK)rk hard to identify sources of fundirvJ for v￿rrent arKJ planr*d projectslinibatTves from Ihe TnASt￿ are salisfie(l Dennett Interchange can be￿ffl to secure its OV+n financ1￿ ffijttjre. Facto￿ likety to affert future financialperfonnance. Factors likety lo affect fLrtU￿ perfom)ance indude the e¢xJnomi¢ impact of Covid 19. and eventual cost of the govemwent response to it throughoth 2020. Future performaTr￿ may also be affected ty streamlining of services in 8n effort lo cut costs due lo redu¢ed fijnding. A thiril facior is Ihat nature of the new relationship bet￿n ￿ EU arKI the UK under the Brexit deal. It remains to be seen rfthis is a realistic and ￿¥)[kat￿e telationship wll provide uninierruple(l access lo EU funding for sc￿181 pro9ranbnes. The future perfomiance of the charty may also be impacted by the econimic effects of the Wdr in the Ukraine %%thiL* has ¢ontriW to stgntffcant rises in global energy pri￿$ thereby makirg it siroifKantty expensive to offer the Servi￿ the charity currently does. Employrnent of disablgd per¥on8 Atthis time there are no disab￿ per50n$ employed ty the clwity, atth0￿h ts charity welcL¥ne5 all applications for employnpnt ￿ardlesS of disat¥lty. Delails of The Independent Examiner Rory Gormley Member of the Instibjte crf Financial ALv￿lntants 37A Main Street Dromore Omagh County T￿)8 8T78 3AE Dennett Interchange Company RegL￿￿'c￿ NuM￿r- N1043465 Trustees. Annual Report for the year ended 31 March 2023 Statement of the Dir9Ctors Trustees. Re8ponsibilitbeS The charity's tnt$l￿S are resporEible for the p¥eparalion oftrE accounts in accordan￿ ￿tt1 the terms of the Companies A(a 2CMA, ￿ Charities {Northem Ireland) Act 2008. as anmded an¢Y The Charities {Accounts and Reportsl Regulation5 (Norlhem Ireland} 2015 In particular, the Compante5 Act 2006 arxt ¢*arity law wwre ￿ Board ofTTU5tees to prepa financ#al statements for each finanaal year ¥thich give a true and fair view of the slate of affairs of the charity as al the e￿1 of the financjal year and of Surp1￿ or deficxi ofthe charity. In preparirKJ those financial statements Ihe Board 1$ rwuired lo :_ - to prepare the a(wJnts in aC£Ordan￿ %*ith United ￿r￿j￿orn Generalty A￿pted Accounlir#J Practice (United Kingdom Ae¢ountiThJ StaTrJards arvj applicable law). - select suitable accounlirNJ polioes and appty them COnsstent￿, - make judgen*nts and estimates that are reasonable arKJ prudent.. prepare the finanaal statements on goirrfJ cOn￿M basis unless it is in8ppropnale lo presun* Ihal Ihe ¢*arty will iJ)nlin￿ in business.. siale s%tEther applicable accounting slaTrJar(Is and stslemenis of reCom[T￿ded practice have been follos%Ed. subject lo any material departures disd0s￿l arxl explained in the financial statemerts,. The law requires that the trustees musl not approve the a¢(x)unts unle5S tw are sabsfieLf that they give a true and fair view ofthe state of aflairs of Ihe charity and of the swplus w defi¢it of the charity torthe year. The Tnjslees are also responsible for mairrtaining adequate accountrng records vknith disclose ith ￿aSOna￿e acoJra¢y al any time the finawal posrtion of Ihe tharity a￿1 s%thich are SLrffiuenl lo show and explain Ihe charitys transa¢b"on5 and enable them to ensure that the finanaal st*ements compty with the Companies Act 2CI)6 and ¢ompty regulations made uThJer the Charities Ad. They are also ￿sponSible for safeguarding the assets of the charity and her￿e for taking reasonable sleps for the prevention aThJ deteth.on of fraLKI and oV*r irregularities. The Trustees are also reswnsitme for Ihe conterrts of the Trustees. rew)rt aThJ the statutory reSp￿s1￿m.11ty of the Independent Exarniner in Febtion to Trustees, reKxyt is lirnrted tts examining Ihe report arKI eTr5uring that. on the face of the retM)rt, Ihere a￿ no material inttffisistenoe5 %Mth the figures th'*tsed in Ihe finanrjal ststements. Dennett Interchange Company Registration Number- N1043465 Trustees. Annual Report for the year ended 31 March 2023 ethod of preparntion of accounts - Small company provisions The finafteial statements are set out on pages 11 to 39. The )Inancial slatefflents have been prepared implementirrfJ the FRS 102 SORP Istaternent of Re¢omwEnded Plath.￿ for Acc4Junb"ng and Reporbng by Charities} 2015. {as amended by the Bulletin issued in Octi)ber 2018 at¥1 applic3ble to all accounting peri￿lS teginning on or after 1st January 20191. IT￿ SORP). and in accordan￿ with Ihe Finawal Rep￿1￿9 Slar¥Jard 102. (effective 1st January 20161 These finanual Stste￿￿nls have twi prepared in accordanee with provisions in Part 15 of the Companies Ad 20(K. applicable to companies subject lo the small companies regime. This rewrt was appro￿￿ ty Ihe tKoril of tnths M 6 2023. Leslie CrawJ Director and T￿stee Dennett Interchange Report of the Independent Examiner to the Trustees of the charitablé company on the accounts for the year ended 31 March 2023 I rewrt to Trustees on my exarnin*"cn ofthe Staten￿nts of the c*wtsble are also ihe Directors ofthe Comp3ny for the purposes of C(ynpany law, are resp)nSIb￿ for Ihe preparab'on of the finaroal ststements in w)rdarKe Wth the CompanEs Aet 20(￿, the Chartses INCrth￿ Irdandl kn 2008, as am￿je(l and all other apFlrable law aThJ wth United Kingdorn Gener￿lY Aecepted Actountiro P￿ti￿, applicatAe io sm￿ler￿titieS, 8Tr3 frjr iEing sal'sfied that the fin3nry￿ staten)ents gNe a true ar*Y fair vi￿. Trustees consider that audrt requirern￿t of 65121 of The Charibes INc¥them Irdandl kt 2008. as amended (The Act) does not aPFly, arKI that there is rK) requirerr*nt in the memorandum arky of ￿ charTty for the c￿dUctinG ofan a￿jrt, arKJ Ihat the a(r￿n[S do not requi￿ an aLyJit in act(￿dance with Part 16 ofthe CcKnpanies Act 2006 and that no memtEr ￿ Mem￿r$ have requestPJJ an a￿￿rt pur￿arnt to S￿t￿n 476 ofthe Comp3nies Pct 2006. As a cryisequerKe. the Trustees have dectsd that the finanoal ststements be subj'ect to independent examinat￿. Having sab'sfie(J mysdfthat finanual statements are not requir&1 to te aujrted uThJerany legal provigon, or otherwise. and are eligiwe ts indeF*)dent exarninakn. trt is my reS￿nsibility to."- al eyamirE the financial St*eM￿ ofthe ch*ty Und￿ S￿b"On 65131 of bl follow the applicab￿ pr￿lUTeS in the Dir8¢tM￿s to Int#Endent Examirws made by the Charity CtNnmissK)n in Northem Irdand aThJ". c} state pwtioJl8r matter5 have come to my attentw)n. Basls of Indèpendènt Examinerfs Stat8mentand scopè of work undertaken I conducted my examinatth in acixydance wth the DIrecti￿g to In*￿dent Ex2miners m* by the Charty Commisgon in Northem IrelaThJ, setting out the duties of an irthpeThJent ey2miw in rdabon to the conducting of an independent examinabon. An iThletkThJent examinats'on indijjes a rev￿ of Ihe accounb'ng fecords kept by the chantable company and of aCC￿n￿n9 systems emjoyed by the charrtable o)mpany and a comparison of thè ffnancial statem￿t$ wesented with those rewds. It also ind￿Je5 CLJnsKlerth"on of any unusual items or disclosures in the fina￿al st8tements, arKI seeking expL4natv2ns from you, as Trustees. c￿EMing such matters. The purptsse of the exarninats.on i8 to estsblish as faras p)ss[￿e that there have been Th) breaclw of charity legislatK>n and tha¢ a test basis of ewder(e relevant to the arnwnts and disdosuTes made. the financ4al staternents ￿MplY with the SORP. The procedures un(*rtaken do not proV￿e all the eVth￿￿ th* woukl te required in a) audrt and infomiatr supplied by the Trustees rn the (Xmjrse ofthe examin*.￿ Is not sJbJ"thJ to audrt tests or enquiries and dcEs not cover all the matter5 that Sn auditorwwld consider in arriwng at an o[Mn￿. The ￿anni￿ and ol an audit goes beyond the lirnibj assurarre that an irKleptht examinabon can prowde Dennett Interchange Consequently, I ckn not express an a￿JIt cynion on the given ffin￿￿￿ stslernents, in partioJ8r, I express no opinvjn as towhether the finanryal statement5 give a ￿e arky fair wiew of affair¥ ol the charity. and my rèKk)rt is limrted to the matters set out in the statement trelo I ￿anned and performed my examinat￿ $0 as to salisfy myseff that the obl￿tiveS oftrE indepEndent examinats'on are achieved and tefore fi￿li￿ng the reFK)rt I cOt&ned W[[￿ assurances from the Trustees ofall material matters. Independent Exarninerfs Statern8fiL Report and Opinlon Subject to the 1'mitab￿S up)n the t￿pe ofmy wixk as d*ikn atx)ve, I have (a￿PIe￿ my examination.. aThJ can cAJnfim that."- The *oJunts ofthis charrtatle ccfflpany we to LE a￿ed uThJer Part 16 Of￿ Companies Act 2006," The gross incm ol tharitab￿ compary in ttE year ended 31 Marth 2023 appeal5 to excEed the sum specified in Sethon 65141 of the A(#. namely £10WOO, that l am qualified to act as IndepeTxJent Examiner in WL)Idance wrth that Secti￿ by wrtue ofmy beiThJ a qu￿rf￿1 memter oftt* Instittrte of Finarri￿ h£cwntants." This is a rewt in reSp￿t ofan examination (WTi&J (Krt uThler 6513} of IheA(X aTrJ in ￿)rdan￿ with Dir￿tiOnS to Indewndent Examiners madè by the Chartiy Ccmm1￿rm in Northem Ireland which may tE applIc￿e,. and that rK> rnkni8t matters ￿ve ccmne to my 3tteTrth￿ in wrth ts exAMinab.￿ gwing me cause to tel￿Ve that in any material fe5pett- accounts'ng reccKds wete not kept in resrect of tharity as r8]uir&Y by sect￿￿ 386 ofthe Companies Act 20C and SectKm 63 ofTr Chartbes INorthem Irelandl Att 2008, as amènded." whén preparing aC¢xj￿ts ￿ an ac(xuals ba￿$, to wepare finanod ststeM￿ts ￿{x)rd wrth the ac(x)unting records and comply wth the acmJ)tsryq F￿￿1re[n￿ts oftrE atwj Ihe Regulation5 setb.ng wt the and tent ol chanty actoJnts'. have teen p￿pared in &(xydarnE wth meth¢)Ys arKI wnwle5 set (xrt in Ihe FRS 102 SORP (Statement of Recommended Practre ￿￿OUntir￿ arKI Rewrtyng by Charibes12015. las amended by the Bullth"n issued in October 2018 and appliCa￿e to all atAJwnts"rKJ perwjds bw"nnir4 on or aftei 1st January 20191, (The SORPI. have ken prepar&J in acurdarte trE methcxjs and w.nrj￿eS set otst in the FRS 102 SORP Istatemont of ReCcrfnme￿e￿ Practi￿ for kcounbng arhy Rew>FbrKJ by Charitesl 2015. las aM￿ded by thè Bulletin issued in O(*obef 2018 aThJ applubk to all ￿￿J￿1￿) perKxls teginning on or after 1st January 20791, ffhe SORPI. have not tten rnet etwe•n funds Net income aftortransfers 43.111 148.192) 15,0811 Net Move￿nt in funds 43.111 {48.19 15,081> ROC￿￿111dttOn offunts:_ Total fvnds brought forward 9.078 166,136 176,212 Totsl funds carritd fO￿an1 52.187 117,944 170,131 All actrvltles derlv• fn>m contlnuing operat5ons A separate State￿￿ftt of Tc4a Recognised Gwns and Losse5 is wuired as this statement i￿￿ud88 dl recogni gains and losses., Tho notes attachod on pag¢$ 18 to 39 fomi an Integral part of thes& accounts. 12 Dennett Interchange - Ststement of Financial Activities for the year ènded 31 March 2023 Dennett Interchange - Resources applied in the year gnded 31 March 2023 towards fixed assets for Charity use:. As Rest•t•d 2023 2022 Fund$ generated in the year as del81￿* in the SOFA Resources applied on funclionaj fl¥￿ assds Other appliG8tions of fund$ 14.6241 15,081) 1821 Net rnsources avallable to fund charltsble actlvttios 14624 5.1431 The ￿oUrceS applied on fi￿￿ assets for thanty use represents ￿ eDst of additions less pro￿d8 of any disposals. The notss attached on pages 18 to 39 forni an intsgrdl part of the50 accounts. 13 Dennett Intgrchang• - Statemènt of Financial Activities for the year ended 31 March 2023 ovements in revenue and capitsl ￿ftds for the year ended 31 Ma￿h 2023 Revenue accumulated lunds Total Fwith Lagt ygar T+Jtal Fund$ As Rfjslated 2022 FurN15 Fund¥ 2023 2023 2023 Ac￿mUlated ftjnds br￿Jght f(¥vdrd 12,056 158,075 170,131 175,212 Recognised gains and bsses t*for8 transfers 16.6181 14,6241 15.0811 14050 151.467 165,$07 170.131 Closing revenuefunds 14.050 151A57 185.507 170,131 Summary of funds La5tY TO1￿ Funds AJ fte5tat Funts Funds 2023 2023 Revenue 8ccumuWJ 14.050 151,45T 185.507 170,131 The notes attached on pagas t8 to 39 fom) an Int•grn1 part of these a¢¢ounts. 14 Dgnnett Interchange - Statemgnt of Financial Activitie8 for the year ended 31 March 2023 Dennett Intsrchange In¢ome and Expenditure A¢¢ount for the ended 31 Marth 2023 as required by the Companies Act 2006 AS Restated 2022 2023 Ineome 158,260 107.064 InVeSt￿Ent irth Ir￿me from investments. olhw than iTht￿t rwAvable Interest r*1¥a￿e 7.200 Gras8 Income Sn Ihe year I￿•re ex¢ewiortal it•Ff 166A74 114.276 Gross Income In theyear In¢ludirwJ exceplonal items 165.474 114,276 Charitatle exFaKlibJre, ex￿￿￿ng deweuakn and anKYbs Depwation and arMrb5atic Govemall￿ Costs Other expenditure Realised losses tNt disp(￿8 of$￿81 investm8nts ￿lch a￿ prwamrne related 133.690 5.376 81,980 6.135 1,327 29,915 29.915 Total expenditure In the y 170.098 119,35T Net income b¢fore tax in ￿ Ilnanclol year 146241 1&0811 Ta¥ on surplus on ordinary acbvibes Net Income aftertax in the financlol year 146241 16.0811 Rètslngd 8urplus loi the financlal yaar Al acbvilies derive frc¥n continuiro operations 14.624 15.0811 In accordance with P￿￿1$10￿$ ofthe Ccmronies A¢t 20C6. the headiThJ5 subh8&Iings uaal in th8 IrKx)rne and Expendibjre ￿Unt have been &faptsd to Ihe sFefaal nature of the charitys aCtiv￿8s. Tho notes attached on pages 18 to 39 lomi an Integral part ofthese accovnts. 15 Dennott Intorchange - Balance Sheet as at 31 March 2023 SORP Notes Rgf As rostatsd 2023 2022 Fixed assots Tangible assets 11 A2 88,994 94,370 Curr•nt as8ets Debtors Cash at bank a￿1 in hand 12 B2 17,751 69,074 11,367 71,561 Totsl ¢urr8nt *sots 86.825 82,928 Creditors.. amounts falllng due withln ono year 13 C1 110.312) 17,1671 Net current assets 76,513 75,761 The tt)tal net assets ol the charity 16S,S07 170.131 The totsl ngt assets of thg charlty are funded by the fund5 of the charity. as follows:_ Restrlcted fund5 Reskncted Revenue Fund5 19 D2 151,457 158.075 Unrestrlcted Funds 151,457 158,075 Unrestricted Revenue Funds 19 D3 14.050 12,056 Deslgn•ted Funds 14.050 12,056 Total charFty fund$ 165.S07 170,131 The'SORP Ref i￿leatedies. a￿1 revenues fTQrn rentsi and fund faising events. Given Ihe govemment spending to tathe the eC￿0M1¢ irnpact of COVNI 19. as WEII 8$ the ￿￿lmiC disruption (*used ty B￿￿11 and thÈ ong￿Tr9 nootiations bets% the UK and the EU. the risks charty fa￿5 are at the b%ider ￿x￿K)Mi¢ level. It Is*ide￿ exwed government spending cths %*ill be lntrrKl￿ed in corning n￿rth$ and years (yjuld signffjcanty impact ￿ fijnding aVaila￿e for the charitable sector. Hth4ever, it is assunEd that as it is a key sedor. eS￿la1￿ in tiryEs of difficu￿ eCe￿onIC fX)nditions. various fijnding sourw will still be availa14e and Ihe chartty %4ill identrfy and benefit from Sources. There a￿ further real risks to Ihè tharity ueated by the Wdr in Ukrainewttiej) ha5 COntrit￿rted to economic tsn¢ert2inty. as well as causing sgnrficant increases in glo￿ enerqy pric*s. The Charity fthtinues towtrk hard to hdentrfy Sour￿ ofbJThJiNJ fDf crn pJanrEd prC￿1n1tiats￿es from ich. Ihe TNstees are satisf*d 08nnett llltercharwJe can bw*fftto seojre its firw4al fijture. 18 Dennett Intsrchange Notes to the Accounts for the year endod 31 March 2023 Policies relating to categoiies of income and income Trcognition. Nature of income Gross incom8 rekyesents the Value. iiet (rf %MbJe added tsx aTNJ dlsw￿ts. ofmls ryov#tsJ to (Xjstr)rr￿ and L3rried out in res￿*Of Servi￿ prtsvhyed to ￿$tom¥S. Cotegories of Incoty In(orne is categorised a5 inccffi? exdwrrfje trans¥aions Icorrtract I￿X)me) irthme frDm rKfi-exch8tyJe transacts"￿$ Igiftsl, inveslrnent ir*(xne and otherincorrE. IrKome from èxchangetransaetions is rec8vwJ ty the c*anty fwyds cf 5uWN8d ¢>)Trtr￿t or %there ent￿ernent 15 5ubiect to fu￿111ng F£rfcrfrna￿ relat￿ conditr"on$. The ince￿* thÈ ¢Jwtty r￿Ve$ is apptoximatety equal in value bj Ihe wls or ¥ervic8s supplied by the chartty t(> the purchaw. Incorne from a non*xchawwJetranso¢bon is dwrity r￿eN89 ¥￿1* fTL¥n th8 d0Th)rw￿ttK>u1 FwvidirKJ equal value in excharMJ8, aThJ indudes donath"C￿$ ofrrKYW. gc#>Js aThl s*V1￿ fr*ly gwen wittv)uigiving equ* in exchange. Income recognition Income, whether frofft exthange or ntsn exch9nge transa(*cns, is recognised in the staterwt of financ4al a¢bvitEs ISOFAI on a rerriVab￿ basis. *then 8 trans8￿￿ or other event ￿sU￿S in an inrxease in the th8rityS assets or a redu¢*cn ir¢ its llatx1￿es aTra the L*arity has leoal *rtrUe￿. Ihe is wobabk and can be meaSUTEd reliably. jr￿rfft subject to tenrts aThJ rnTrJition8 must b8 met Wrxe the charity is to the rescxJr¢es 15 noi rwnised unty"l the cOnthti￿S have been rneL l income is acctyjnted forgross, before d&ludirvJ arry feiated fees orcosts. Membernhlp 8ubxri￿i0￿s The income and any as8c¢iated Grft￿d orolhertax ￿[￿d from a ftwiwship Subscripti￿ recetved by the charity in the natu￿ ofa is afXXJUnted krfon the basis 88 a d¢%Wtil￿. The in(xKne from a MeMb￿￿1p subsuipts.on re¢eived by the charity Ihe suts(¥iptK)n purchases the righl to or benefits is recognised as from charitst4e athities. Policies relating to expendttU￿ on goods andservices pmvlded to tho chaity. R¢¢ognition of Ilabllltles exF*ndRu A l￿bilIty, and Ihe rebtaj ex￿nthtUre. 1$ re(xyJnis&J a legal or CC4tstru(*ve e￿$ts as a resum of a past event. and when it is more lik* than not thata transfer of ￿nOmi¢ benefits vAlI requirE(l in SÈlU•nent. the anKJunt ofth8 obligation can be measijred or reliaLty esbmat￿.. abil￿88 an$irKJ frcm fvturefvrtiTyJ comrnrfrnents and ccnstruc*ve oNWicns. induding perforn)*￿e rElat￿ grants. %%ttere the tirning or the *rM)unt cf the future expenditure Nuired to setue the oblvJation are uncertain, give rise to a proviFAon in the 8exx)urts, %*thich is revie%*Ed at the year end. The provisK)n is increased to reflert any increases In liabilthes, and is detseas￿ by the uDlisatson of arty wovi$ion ¥%ithin the WLYJ, and ￿Versed if any provision is m longer ￿ul[8d. These ny)v8m8nts a￿ (#wged ￿ cr*1rtwJ to the resF•*¥e fijnds and aa[v￿.e3 to %thich the prowsi(¥) relates. 19 Dennett Interchange Notes to the Accounts for the year ended 31 March 2023 Allocating costs to ¥tfjvilies Diw eosts that ar8 spethlty rdated to an &ti¥ity ￿E￿￿x&Ied to ShaTgJ direu costs and yjpport t>)sts The bass forapFuticffin* is f￿￿￿te￿Ity *pFI￿￿. ar¥J to thE arcumstanc8s. i8:. Stafflng- on the t*Si5 ofts"The spent in *ith arky Parb￿￿r at￿lty. Staffing- ￿ a percapita baW on the numb8rofofpeWe empwd ￿TthIn arty FMTtiular a¢twty. Premises related costs. on the prowytion offlwr area bya parbAJlaractivty. 14on spe¢ific 8UPWt costs. ￿ the basi% ofthe Ltsaoe d reS￿r£8$. in terrns ￿ tirt￿ iaken. {a￿ty used. ￿￿est made or other measureg Estlmation techniqu88 used in apF￿￿1[WJ costs- gNe details Volunteer5 In accordance with the SORP. 8rvJ in r&2ytthn ofthe t*ffioJlbes in Pth"￿ a mnetary vdue ￿ IIE contribubon from volunteers, the contribjtion ofvclunteets is not I￿￿Jed wtthin the irume ofthe ¢hanty. HowEver, the tnJstee5 value the sigr*fi(ant Contributi￿ rna(k to the ￿¥￿88 oftr* thanty by ￿pa￿l Y￿￿nteern and this is described nK>re lully in Notes. Pollcles relatlng to assds. liabllities andprovtslons and othermatters. Fixed Assot Investments Fixed asset inVestm￿ts in quotal Shares. traded t￿ld$. invesfr)*nt propep1* and similar investrnents arè slxy initiaty at wsl upon &qui￿tion 0￿j at rnarket val4E atthe Warts sheet dale attlE ofthe finawal p8ri0d. InvestrY￿nt properiEs are not deprec4ated. Fixe(l asset investments in unlisted quities are $lvMI at the balan￿ $W date at the best estirn8tÈoftheir market value, Whe￿ practicable. Where valuation tethniques a￿ considered unrdk8ble 0rvkne￿. in the opinK)n of the tTUsiees, the costs ouM*igh the beneffts to the user5 of tke acwjnts. ttE investrn*rt is indu¢Jed at cost. and a review is undertaken at e￿h e[￿ 88 lo whethertr* asset sh(wld te VKtttell dcthM. All gans on fixed 888et Irivastrnents. 4th8th￿ unrealised. are tn rrAv 84 of the Ststernent ol Finanryal Activilies. raftg￿￿ fu8dass•ts Tangible f xed assets are rr￿SU￿d at Iheir original fXSSt valL*. orsub8eqwtt revalLWion. or ifth)naknl. as descriw above. Costvalue Ind￿ dl cc6ts exk*ndad in ￿￿'￿tr￿J ￿ asset into its in￿ded I￿ng Cly￿￿.0￿. Depreuation has teen woviw atthefollohing rates in crfderto Mite off the assets Iv thair antrapat￿ reshlual value oVerth￿r estimated u8efvl lives. Leasehold p￿miSeS Plant and rnathinery Motor vehides Comwterequiprr*nt 2 % stsaight li 15 % ￿u￿n0 baL8r 15 % reducing 33 % straight line A r￿ular annual re￿￿ of Ihe l1kd1hc￿ of8sset Iirpami*rt is uTrJertaken. Accounting for capital grants and tlx•d asset fvnd8. 20 Dennett Interchange Notss to the Accounts for tho year ended 31 March 2023 Gifts of tangible fLxed assets crfgrants of a (ap'tal nature. gNen for the purwsses of wuiring 8Fe¢4fic assets 10 te fulty utilised in the furtherance of the obJ*s ￿ the tharity. are to fixeil asset fvThJs afterthedonated asset h8s been r￿e1Ved or sums have been prwly expervjed on r8Stricted purF￿￿e. Where th8 tem15 ofthe gft Equire Ihe thanty to the asset an (￿￿ng ba￿5 for a $￿fiC purix)se, then the fixed asset fund $0 ¢reat*J i$ Lztegorised as a restiKtsd a58et fijnd. and the rekvant restsictscfis are noted in tl fixed asset note 11_ Whwe the terms ofthe grftare met On￿ Ihe asset is wuired. 80 alkw'ng Ihe dwty to use the assaton an unresbicted basis. indudiThJ right to re(%ive IhÈ K*cceeds of any bJture sale of Ihe asset on an un￿strthd basis. then the fixed asset frjnd so created 1$ catewsa as a desKJrotèY fi¥￿ asset fund. vVh￿ assets are wuired for the fijrtherance crfthe thar￿s obpcts. ublising Ihe unrestrilled fvnd$, transfer is rnad8 frcm unrestricted lunds lo a desgnaw asset frJTrJ VVF*ther acquiredwth Un￿$1￿C￿d or restri￿ed fwNJs, the asset acquirwj is inibalty shcmm in the bafarnx sh*t 8t the full cost ol acquisthon or SubwU￿t r8Yaluab¢)n. As reL8ted assets are deprec4ated. in aCcJjrdan￿ with ￿ dewecth Oicy.in (¥d8r to refiect the dimunition in the as*a tr4nsfer is made from the relevant fixea asset tuTras to unrestri(tsY or restri￿ed revenue bjnds. a5 appropriate to the te￿S of the ￿l91n81 gfft, ifany. The effeGt of *hi$ is thai th8 aggwate of all fixed assetftjnds shall Auate to net W Val￿ Offi¥￿ assets. In the first ye81 Ihal this pdiwvms adopted, a tran5ferto fix*J asset furKls was made 4uivaknt to the r*t book value of the assets Any residual liaL¥'lty lothe donor arisrng from, for exarn￿e. the 888eV$ ftrture sale. is disdowj as a ￿Trtingent liability unless the eventthat tryger repayrwt oftt* grant be¢(¥nes prOba￿e in c8sÈ a liability for repayment is recognised. Insofar as th1$ wlicy rdates to Govemment gr8nts and to thè extent that it rroy be a departure from the FRS 102 SORP (Staterr￿t of RecommeTrJed PractiTr ftyA(xx)untiThJ Rerorbng by Charities) 2015. la5 arnended by the Bulletin issued in October 2018 and 8PPtKable to all accountiw pentsys bwJinning on orafter 1$1 January 20191, (rhe SORPI, su¢h departure is justified on the basi5 that it is in order to (x)mpty the SORP. DelAor8 Debtors are ￿￿red at their rtr4MratAe amnls at Ihe b91ar￿ sheet date. Credltors and provtsrons Credrtors are measured atthe transaction pi¥ce lu$ualty in￿￿ piicel. and recogni$￿ in the in they were In¢urred. Provisions [￿l￿bilItIeS of urTrrt2in tirniThJ oraftK)untl 8re rwnisal there is an oNigats'￿ at the repofbng date as a iesult ofa past evenL it is prcthNe that WA*K¥n￿ t￿￿11 be tsansferred to setue the obligats.on the amount of the oblioats'on eslimated Flnancial inStnKner￿ Including cash and bank Wanc88 Cash held bythe thgrty is indudèy at the a*rthnt actU81ty and (x)unted atthe year end. Bank balancos. *l)eth8r in cr￿lt ￿ overdravm. *e Skncth￿ at 8fbKMIftts WOFerly to the bank statements. 21 Dennett Interchange Notes to the Accounts for the ￿ar ended 31 March 2023 Penstons. defined coTrtrifArtion schemes The charity op￿￿e5 a defined contribubon pension COntri￿liK￿S ar8 to the profft a￿1 loss aux)unt a5 they befX)me payable in accordance *ith the rules of the stheft*. Fund A¢￿untIng Unrestri¢bJ fund$ are 8¥8ilaiYe f￿ use at the dIS(itc￿ of the tru8tees in lurtherwce of thÈ gener41 obl￿b.ves of the ca)arity. There are no desgTha￿ fvnds. Restricta funds are suts'ected to iestrickn ￿ th*r e¥pendiknre imws*J by the ￿or ￿thr￿gh Ihe lerrns ofan appeal oras implied fy l￿_ There ar8 no en(ky•m*ntfund5. 2 Liabillty to taxatlon The Trustees eonsider that Ihe chanty satisfies the tests set (xrt In Paragraph 1 Sthedul8 6 of Ihe Finance Act 2010 for UK corporation tsx pu￿Sey. Aerx)rtlingly. the Chanty is Fthnt1811y exempt ftom taxats.on in of Capital gains teceived wtthin categuie5 co¥tred Ly chapt* 3 11 of the Corp(Yab"on Tax Act 2010 or 256 of tt)e Taxation of Chargeable Gains A¢t 1992. to the extem that such inciyne or gains are ap￿led exrJu$ivety on the swfi¢ charitsble obi&ts of the charity and for rK) othw purpose. Value Added Tax is not ￿￿e￿alle by the tharity. and is therefore Includ￿ In t1￿ rdevant cLEts in Ihe Staten￿t of Finan0￿ A￿¥1￿"￿$. 3 Wlndlng up or drssolutk*n of the charity If upon winding up or dtssdulion of the chanty tlwe rwnain any assets. after the sabslaction of all debts and li8bilities. Ihe assets repre￿ted by Ihe **xJrnulated fund shall bè transferred to some other Chari￿e b)Jy or b)Ji8s having milarobiectsto dwrity. 4 Signlfl¢ance of flnancial Instrumonts to the chaiitys po$ltion There a￿ no signifr2nt Irn￿￿￿trOn$ of financial inslnJk7Wts on IhÈ (tsrvs Pos￿00n. 5 Net surplus before tax in the financlal year 2023 2022 The net swus befor8tsx in th8finarKa4 year is stated aft¥t*argirKJ".- Depre¢Aation ofo%wBJ fixed assrts Pension cx)sts 5,376 6.135 Dennett Interchange Note$ to the Accounts for the year ended 31 March 2023 6 Thg contributlon of voluntsars The charty on the suwortof rfs ¥dUnte￿$, 1$ mjch app￿a￿d. The arrangernents wth vOlusrtee￿ a difficult to value rtTh)netary temB and have not been re￿ni￿ in the Ststernent of Finanaal Activities. The volunteers an(1 the chanty accept and agree that no cxJntTrct d erntywment is c¥eated by t￿e arranoefflents. 7 Stsff ¢08ts and emoluments 2023 Gross Salaries exduding trustee5 and kerf man4ernent P￿Trn Employers OPera￿ng costs of ¢*fir 14.933 15,270 Totsl salaries. wag88 antl relaied costs 14.933 16,271 Numbetr¥ oflulltlm• •mploye•s orfuB lime eqthlerts 2023 2022 The average nurnberof totsl staff emF*)￿J in the >earwas The average nurtw of part time staff emFltsyed in the yearwas The 8ver8oe number offull Stsff enwoyed in Ihe wr was The e5tirn8t8d lull ts'me 4UiWdlent number ￿ all staff ￿ in Ihe >ear was Engaged managernenl and a(kninistrati • 8sdmatgdf￿lll￿0 •qulv8Iertn￿berof3llSI￿ff ￿p10ye￿as3bO Neither the trustees nor any r*rsofis conne(led vmth tr￿n ha¥e remunerthin frcm tsE chanty (¥ any related entity, aither in th8 eAJrrent ￿ pr&y ￿r. No empwes received ern￿￿ments lexdudillg Pens￿)￿ cc*tsl in exc88s of£60,CIJO perannum. HKJhest paid employee The remur*ratv)Tr in yearwas Pensi￿ cont11t￿tionS paKI ty the emK4trffjr 18,031 746 7.142 18.777 8 Defln8d ￿ntrIbUtIOn pon$lon sch8me5 The chanty adrninisters a Defined Contribubon Pensth Sch￿￿ on behalf of NEST. TIE chanty makes the dedu(*tsns from employees pay at each rdevant ￿yT￿l perK)d. The cx)st to tke Chanty for roTrtributions e1 in the year. The costs ofth8 pension sthen* are allo(atsd to Restr￿1 fwmls as enyw cthts ate fund8d Irun g￿t SOLKLX. Any lis￿.11t8$ and assets aSS￿l8t￿j with the sch8mea￿ ShrM￿ uThler debtors UEditors. 9 Remuneration and payments to Trustees and person$ conn•cted wlth th8m 23 Dennett Interchange Notes to the Accounts for the year ended 31 March 2023 No trustees or persons cOnn￿d Ihem ￿Ned any remunerabon frDm the dwiity, c*any rela￿ entity. 10 Trusts8s' exponfjes Th8 eX￿nSeS reimbur8*J to Iwstees. ot pahl direLty to third Par￿$. in the curMt pri¢K year, w a5 2023 2022 717 927 The natu￿ ofth? tN$teès' eX￿)se8 was the cc6t of ￿rts ￿ swang ol Meals On Wheels v8n. The Thum￿ of Irvstees. to vthom eyp8nses ￿nI)ur8ed WdS ore. 11 Tangible fIX￿ assets Plant & 1￿chinery. fixtures & ffltings Current Y88r Land and Building8 TeAal At 1 April 2022 Additions 109.823 105.440 215.263 At 31 March 2023 109.823 105.440 215.263 Depreciauon At 1 April 2022 Charoe for the year 84.687 3,180 120.893 5,376 2.196 At 31 March 2023 87,8 126,269 Net book value At 31 March 2023 71.421 17.673 At 31 Mar¢h 2022 73,617 20.753 94,370 Plant & Machinery. fixtures & Prfor Y•ar Land and Bulldings Tctsl Cost 01 April 2021 Additions Di$ky)5als 109.823 105,378 215,201 62 31 March 2022 109,823 105.440 215,263 Depreciatlon 01 April 2021 Charge for the year On disposals 34.010 2.198 80.748 3,939 114.758 6.135 31 Marth 2022 84.687 120,893 24 Dennett Inter¢hange Notes to the A¢counts for the year ended 31 March 2023 Net book value 31 Mareh 2022 73.617 20,753 94,370 31 March 2021 75.813 24.630 11)0,443 12 Debtor5 2023 2022 Trade debtCf8 Prepayrnents an¢J accru￿ irKoft Olher debt(Ys 2.715 730 14.246 3,425 7,300 17,751 11,367 13 CYeditor8: amounts falllng du• wlthln one yoar 2023 2022 Trade credthr5 Accruals PAYE, NIC VAT 8nd othertaxes 7,027 3.000 285 4,867 2,400 100 10,312 7.167 14 Loans to trust88s includod In dgbtOfS There ￿Te no loans to trustees made duri￿￿ Ihe year 15 Guarantegs made ty the charity on bghalf oftrustees There v*re ￿ giiarantees made by the tharity tehawof truslees d￿ng the year. 16 Income and Expendlturn account summary 2023 2022 At 1 Aprll 2022 Suwus after tax tsrthe year At 31 March 2023 170.131 14.6241 175,212 15.0811 165.507 170,131 17 No related paty transactlons There were no transactions ￿latevement in fijnds 2022 2022 2022 2022 Unrestrided Revenue Funds 69.103 66.123 2,980 ROP Basic SetvKes DSDC Communty SuprK*t DSOC- Pilot conser￿u81 NIH&SSWB Poliong & Cornmunty Salety Partnership Pe￿ IV Prcgranyy Access to fwj Wam). VEII & conr*r*ed Café 4,C￿0 4.000 3.620 7,720 3,620 7.720 ,8631 7.853 376 375 2.183 2,183 Rural c￿mUnitY Resslien c0vir￿19 Respxse Good reL8tion5 Community Centre Venue Fund Gos5 Rwts Halifax Foundat¥Jn Meals on wheels Restrictsd revenuefijnds 260 260 16,0511 12.ODD 3.475 12.000 9,526 1.335 3.500 134,1441 34.144 114276 1119,35 5.081 21 Details of transfer5 belw•￿ funds 2023 Transfers t￿( frcml unrestric￿ FLmds to co¥erd*yts C￿ R￿tr￿￿ed Funds fuThls aTE I￿r￿llY Tolltroml Restricted RevenLe Funds Nettransftrs 22 Tho purp058s for which thg lunds Unrestricted Reverne FurKJ5 Thes8 fLmtts are hdd trthp rn8etirYJ obiecti.ves Of￿ charity, and to wowde reserves ftKfuiure a(th¥its'es. . subject to ¢tharity14islation, ar? fr88 all restrictsjns on their use. Restrl¢t•dfundg.'. Restricted Frxed Asset Fur¥Js The purpose of knese funds is des¢rib&l undÈrthe accountiN4 policy 'Accy. This fuThY is to provth S￿[￿t 8ThY reli8fto l(r41 families and indi￿dUal$ vttj kn da1￿ hardship try ¢¥ovk*rYJ them w￿th fo(xl and other esseitals. Pea￿ IV Prcgramn pallet sC￿e This furnl is to provide suw)rt aThl olief to kK81 fanNlies Indiv￿lua1S hardship them knith fiy)d and othar essentials. Café Thi$ fvnd is to help provide ar￿ expaThJ the exists.ng Me818 oft Whee15 Se￿￿ for elderlyand Vulnerab￿ peop￿. Rural Cornrnunty Resilience The purFose oflhi$ is to kwvide suFwt lo the loc81 o)mmunity duriNJ d)aleThJiffj tin￿ ¢ie8ted by the COVltk19 global pandemic. COVID-19 Response Thi$ fu￿ is used tr> help the thanty in its (xjmmunty rESFonseto the COM£k19 gbbal pandem￿. F¥nd to ￿ used to FNowde a varityts prc¥JanMT￿s for youro people frorn tx)th $￿je5 ofthe t￿nMunIty, and other Iftsl w)le to involved in rndusive evems based atvund shar&J interests. G￿1 rel8ts.ons Comunity Centre VenL* Fund This is Fwvid&l to help fund the ovetheads of the community buifdiThJ. Thls fiJrKJ is to furKI a he￿th & **1￿￿1n9 Exogr￿me for nErnb*s of the I(￿al ¢¢)rnrnunty. Tl* purFX)se of Ihi$ fvnd i$ to provide the (x)st ofa sa&ry an older kwles seThices co ordinat￿. This fuTrJ ts to hdp provmle $UPFOrt t￿vardS the running ￿$ts ofthe [￿1$ Grass Roots Halifax FoU￿n Meals on whe818 CARE Prqect This fund is US￿ to provh* Sup￿ a￿j assistsnce to encouwe F*e sufferirrfJ isola1￿￿ aThJ sLwl excl￿0￿ to Wout and 8b)ut in Ihe communty. Restrided revewe hJnd$ These f￿d5 are used restiKtsJ eJem8nts of the warious overwds ofthe tharty. Sundry other fitnd$ The Wry￿Se of this fijnd is fu other&¥ IK¢ pro￿ts and fijnds the Senior Citizens pYo9￿mMe. as as an adrninistration salary for the healtri and 23 Ultimate controlling party The charity is uTh*rlhe of its legal rr*mbers. Ev8ry M￿ntser0fthe charity is obliged tr) coniribute s￿h arN)unt as rrw Èe required ￿?t exC￿￿1n9 £1 to Ihe assets of the ¢ompany in Ihe event ofrts b￿"na w?urnl up wthije he or sh8 bs a ￿b*, oryalhin ¢x* ￿rafter he or she ￿ageS to be a rnemter. Dennett Interchangè Dgtailed analysls of incomè and expe•)ditur9 for thg year ended 31 March 2023 as requ1￿d ty the SORP 2015 Thls anal￿8 is classsified by ¢onvents¢)nal nominal dexrtptions andnot byactsvity. 24 Donatlon4 Grdnts and Logacies Curr•nty•ar Curvertiyar Cuffent ytrar Toial Funds Prioryear Total Funds Fund8 Funds X123 2023 2023 2rJ22 Revenue grants from 90¥8rnment and publlc bodles Srnall grants indivhlually le&8 tron £1t) HMRC Job Retents"C￿ Stheme Departrnentfor CommUn￿'e$ 375 Co OperatEon Ireknd DARD Ra￿d Derry Cty & Strabane District Courol 11.590 11.5>) 21,640 NIH&SSWB 8.021 6.021 3,820 Poliong & Cornmunty Safety Patherships 9,136 9,136 7.720 WHSCT Totsl publlc s•ctor Y•venue grnnts 93,1)06 93,006 34,522 All the grants in tre WKJr year 14ve unrestricted. Rèvenu0 grants frorn 9o¥•rnrnentand public bod￿S- p￿Year anafysb Prioryear Pm)rYe•r Unrestrkw R•stricth Funds Funds Prforyfrar Tol41 Funds 2022 2022 2022 PrforY•ar 20,9541 55.476 34,622 31 Denngtt Intarchange Detallod analy$i$ of Income and expoftditurn for the year onded 31 March 2023 as Trqulrgd by the SORP 2015 Cur¥*nt year Curr¥rrt year Currentyear Totsi Funds Prloryoar Total Fund8 Funds Furids 2023 2D23 2023 2022 Revenue grants and donatlorfa frorn non ptsblic bofl Martin L&%is Comnawnjs Ernwgency FuThJ SSE Community Furrfl 3,500 GrovnoknY)rk Nl Total prf¥ate sector revenu• grnnts 3,000 l the grants in the prioryear *ere un￿$￿￿j. Revenue 9rants and donatlons from non publlc l￿dIeS Ilnclule Grft Akl donatlons frorn subsbJlarFes) - Pfior Year anatysis Prioryoar Unr•sth¢tod Fund8 Prn)rY•ar Prforyfrar Funds Total Funds 22 2022 2022 Prforyear 4,T11 4.229 Curyvntyear Unr•stricted Fund$ CuFr•ntyoar curreTrtY￿r Restri¢¢ Totsl Fur￿5 Funds Prk*rYear Totsi Fund8 2023 2023 2023 22 Sponsotshlp Small swnsorship gifts irrfliv￿￿aIY1tr&% than £1000 3.112 3.112 1.895 NFU Mutual Ihtn Roe GFC Dalradian Gold itd Totsi sponsorship in¢om• 3,112 3.112 1,89S Total Donations, Grdnts and Lagacies Total Donations, Grdnts and Legacles A1 3,112 99,118 46.417 AJI the donatiorts and gffls in the wiLv Year*e￿ unr&tri(Xed. Denn•tt Interchange Detalled anatysis of income and oxpendlture fortho year end￿ 31 March 2023 as requlrod by the SORP 2015 Prforyear Prkjryear Total Ftsnds 2022 Funds 2022 Fut)ds Total Donation$. Grnnts and Legacies A1 {14.2881 59,705 45.417 25 Income from charllable activitlgs- Trading Activibos Ctsftpnt Unrnstrictrd Funds 2023 Ctsrrpnt ￿•r cuftpntyear Rostricted Total Funds Fun¢8 2023 PriorYe4r Total fLthd5 2D22 Primary puoose and andllary trading Café contributs.on to buildirwJ ruMirvJ o)sts 2,580 Acts"vthos In FurlherarKeof CNaiity Obj 877 CafélLunchecm Club s3.￿8 820 54.728 57,815 &Jrnmer scherne regiStra￿n Fees 375 Total Prtmary pury)ose ond anclllary tradlng 58,322 820 S9.142 61.647 Ni thè tradirKJ activ￿"e$ in ￿ pr￿ YearWe￿ unre5tric*d. Prioryear Prloryear Prk)IYear PrlorY•ar T¢xal Funds Funds Funds 2022 2022 2022 prtrnory purpos• and aneillary lrndlrtg C*éILuncheon Club 55.6CA) 2.215 57.815 Total Prfmary purpose and an¢lllary tr4dlng 59,432 1215 81,647 26 Total Income from chawitable xthTtUes CUrf•nt￿lf UnY•strict•d Funds 2023 Curyentye4r Cumtyear R•stricted Toial Fuftd Funds Prforyear Totsi Funds 2023 2023 2D22 Totsi itKorlle from chartsble tradirrfJ 58.322 820 59,142 61,647 Total from eharttablè a¢tMties 58,322 820 59,142 61,647 Dennett Interchange Dotsilgd analysls of incomo and expend1￿1& for tho year ended 31 PAarch 2023 as rgquired by the SORP 2015 In¢ome frorn charltable actly￿e5- Pmr Year anatysls Prw)rYear Unrn8tvicted FLtryd$ Pth)rY•ar Restrktod Funds PriDrYear Prioryear Toial FuTrd$ )22 2022 2022 Totsl incDw* frorn ¢haritaÈ4e trwjillg 59,432 2.215 61,847 69A32 2,215 61.847 27 Inv•stmant Incomg urvEnt ywr Cunyntyear Cuvrenty•ar Prk)rYear UnrestA¢t•d R*stsicted Totsi Fund$ Yotal Funds Funds Funds 2023 2D23 2023 2022 Propety Rental In¢ome Bank Interest ReceNable 7,200 12 14 14 Total Investment Incorne 7214 7,214 7.212 28 Expendlture on charitablg aetivltl8s- Dirg¢t spendlng Curnent year Vnrpstrici¢d Curr•ntyear Resi¥ktsd Funds Currpntyeay PriorY*ai Totsl Funds Total Fur*d8 Cuffent Year 2023 2023 2023 2022 Gross wages 8nd salarie5- charTtable activities Defined contribution pension costs - charitsble activities Travel and Subsistence- Charitable Actiwtie8 Pea￿ IV Prograrnme CARE Project Access to Food COMD-19 ResponselRe8ilien PCSP- Summer We118eing GO￿ Relationslcommtjnity Venuelmirco Granis Pilot ConsensuaVGrass Rry)ts Activites in fvrthetan(t of the charity purposes 14.933 14,933 15.270 65 7M53 39.539 39,539 376 9.108 9.108 4.324 9,526 13.5rM) 13.500 s.soo Totsl dlrect sponding 82a 81,404 82.490 39,928 Denngtt Interchange Dotsiled anttlysls of In¢om• and expgnditur• forth• year•ndgd 31 March 2023 as required by thg SORP 2015 Prforyear Unrestrfci Funds 2022 PriDrY88r Restsictsd Funds 2D22 Priorytrar Totsi Fund5 Prfor Year 2022 Gross ¥vages arKI salalles- tharitable activities Defined contribution per￿lon costs - charitable a¢tivilies CARE Project Acoss to Food Cov1￿19 ResponselResilience PCSP- Sumrnef WellBeing Go(yJ Relationslcommunity Pilot ConsensuaVGrass Roots Activiles in fvrtheran￿ Of1r￿ tharity (1.3981 16.e68 15.270 121 15.778 14.5761 ri.4781 (7.2851 2,678 19,9841 5.776 4.952 7.478 7,265 376 9,526 11,319 500 5.500 Total dlr•ct spendlng B2a 120,8831 60,809 39,926 29 Expenditurg ¢)n Charitab￿ actlvlt*s- Charltsbjg trading Curnt yfrar eurrnrrt ywr CurrpTrt￿r PvitsrYe41 Unrpshttsd Restri¢ted Totsi Funds Funds Tolal Fund$ Funds Currwt Year 2023 2023 2D22 Luncheon Club exper￿eS Reallocated from support costs 48A76 48.476 42.858 2,537 1694 S.231 3AOO Total charitable trndSng eos B2b 51,013 1694 53,707 46.258 AJI the exwd*tsJ￿ in the PVKJr yearwas un￿tr￿. Pwioryoar Prforyear Unrestrf¢ted RestrKted Funds Funds 2022 2022 Prforyear Totsi Funds ior Year 2022 Luncheon Club expenses Reallocated from support costs 35,402 42.858 2.157 1,243 Totsl charitablètrodlng B2b 9.813 46.268 Donnett Intsrchange Detailod analysis of incoTh and expenditurg lor the ygar end8d 31 March 2023 a$ rnquirod by tho SORP 2015 30 Exponditure on ¢harltable actlvltles- Grdnt fundlng of actlvftio Current ￿•r Curront CurrEntyear Prloryoar Unrpstiicw Resbl¢t Total Funds Total Funds Funds Funds Curnt Year 123 202) 2023 2022 Gfants made to organis*ior Total grnnlmaking costs B2e PrkJrY•4r Pwioryear Unrestyi¢t•d R•8tricted Funds Funds Prk*rYear Total Funds Prior Year 2022 2022 Grants made to ￿nis81i0nS Total grdntmaklng eosts B2e Breakd¢)wrt of Grants madeto organlsatk)ns PrlorY••r Pmryear Unr•styi¢ted Rostricte Fund¥ Funds >)22 2022 p￿OrY•ar Toi•l Funds Prior Year(As Restated) 2022 31 Support costs for charltal)ltr actfvttles Currvntyear UTrrssthcted Fund$ Cuvrpnty•ar RgstrSc Funds CuThgt)tyoar Prloryear Totsi Funds Total Funds Curnt Year 2023 2023 2023 X122 Employee costs notincludedin dlre¢t costs Entertairung Volunteercosts Volunteers, exper Protective ClolhÉrvJ 2.794 2.694 Rent Rates and vrdter charges Roorn Hire Light heat and p￿[ Premises repair5, renewdls arKI maintenan 3,120 6.240 9,360 267 125 5,087 5.838 7.784 639 Denngtt Interchang Detailed anatysls of income and expondlture for the yoar endgd 31 March 2023 as requlrvd by the SORP 2015 Administrative overheads Telephone. fax and internet Stationery and printI￿j Computer exKEnses Staff training and vElfare Insuran Sundry eX￿nSeS Loss on sale of van Meals On Wwls E>pen8es 1.735 1327 313 900 750 1.070 1.052 382 250 1.163 1,163 718 718 3,162 3.162 2,537 Professlonal f8eswd to advisots other Ihan the auditororexamlner Accountancy fees other than examination or audit fees 1.188 2.771 3.959 2,981 Flnancial costs Bank chafges Depreciation & Amcrtisation in tolal for 10 5.376 10 S,376 6,135 Support Costs before reallo¢ation 17,092 20,923 38.015 35,246 Less support costs rnallo¢ated to speciff¢ artivid To tharitable trading costs To non charitable costs 12.53n 115.IA3} 12,6941 114.8521 15.2311 129.9151 {3AOOI 132,8201 The basis of aifc&2bon of costs téh4Een thibes is dase￿be￿ urthr ac£ountiThJ Volunteercosts Volunteers. expenses 132,8201 1,243 2,694 Premises E¥penses Rent ghi heal and pov*r 3.520 4,687 5,840 41>0 9.360 Administrative ovetheads Telephone, fax and inlemel Slalionery and printiThJ Insurance (2591 169n 1,588 1.010 1.327 313 1,070 Pmfossional fees paidto a￿lsOrS Accountancy lees other tha examination or audit fees 2.135 4981 Support ¢OSts reallo¢ation 21,967 13279 35,246 Less support costs rnalloc*edto To charitable trading costs To non charitable costs 12,157) 120.784) 11.2431 112.036} 13.4001 132.8201 The b38is of alkratN)n of tsjsts betseen ￿ts"￿tieS is descriw uThJwax(MJnting [YY￿e9 37 Dennett lTrterchange Detailed analysls of incomg and eXpendftu￿ for th• year ended 31 March 2023 a$ requlrgd by the SORP 201S 32 Othef EXp¢nditU￿- Govemance costs vBnt y•ar Cumfityear CurTWtyear RéstrKted Tofal Fundg Fund5 Priorygar TOMI Funds Cumt Year Funds 2023 2023 2D23 2022 Itylependent Examinerfs fees Trustees, expenses 400 927 717 717 Total Govemanee ¢osts 1,117 1.327 Pthyyoar ioryoar w)rYear Tolal Funds yor Year Funds 2022 FuTrds 2022 2022 Independent Examinerfs fees Trustees. expenses 400 705 927 Total Govemanee costs 705 622 1,327 33 Totsl CharFtable expenditurn CuThent year CurrBntwr Curf*ntyear PviDrYo4r lJnrestrKted Restrfctsd Total Funds Total Funds Funds Fund5 2023 Cuffeni Year 2023 2023 2022 Total dI￿¢t spendiThJ Total tharilable tradiNJ costs Total grantrnaknrrfJ costs Total G0Veman￿ costs B2a 81.404 82.490 53.707 39.926 4625B B2b B2c 51.013 2,894 1,117 1.117 IA27 Total charltable ewdiiure 82 51,691 88,592 140,183 86,537 Pviuryoar P￿*TYear Prforyèar Unrpstifictsd R4striEtsd Toial Pund$ Ftynds Funds Prior Year 22 2022 2022 Total dired spendirvj Total tharitable trading CA)sts Total grantmaking costs Total Governan￿ costs 120.8831 9.813 80.809 36.645 82b B2¢ B2e 39,926 46.258 705 622 1,327 Total charftable expandilure 11.539 98,078 86,537 Denngtt Intsrchange Detailed analysls of In¢oma and 8xp•ndliure forthe ygar end8d 31 March 2023 as rnqulr•d by th• SORP 201S 34 Other trdding expondfturg unrèlated to fundralsing or charltable activitkns Cuvrpnt>*¥r Currem￿ar CuThentyoar Unrestrlciod Restrkl Totsi FurTrds Funds Funds 2023 PriorY•ar Total Funds 2023 2023 2022 Reall￿￿&y from support costs 15,063 14,852 29,915 32.820 Non charlty expenditure B3b 15.063 14.852 29,915 32,820 Othortradlng expendiiure unrelat•d to fvThJralslng or¢har[ta￿e actlvlU•s- Prfor Year analysls Restrf¢ts Funds Fund$ Toial Funds Prlor Year 20,784 12.036 32.820 35 Totsl of other exponditur• Cuireni yNr Unrpstrf¢tsd Funds Current Currenty•ar p￿￿rYear Restrkiod Total Fund$ Fund$ 2023 Cuffent Ye•r Tofal Funds 2023 2022 Non charity experKlitu 15,(￿3 14,B52 29,915 32,820 Total other oxpendlture B3 15.063 14I52 29.915 32,820 Prforyear Prforygar Pr5orY8ar Unrvstsict•d RestiFcted T*)tsl Funds Funds Funrt$ a122 2022 Prior Year 2022 Non chaltty ex￿ndib￿re 20.784 12.036 32.820 Totsl other oxp•nditurn B3