Teesside Ability Support Centre Charity Accounts

Teesside Ability Support Centre Charity Accounts

TEESSIDE ABILITY SUPPORT CENTRE - Company Information

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COMPANY REGISTRATION NUMBER: 01417036
CHARITY REGISTRATION NUMBER: 508551
Teesside Ability Support Centre
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2023
Teesside Ability Support Centre
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
4
Statement of financial activities (including income and expenditure account)
6
Statement of financial position
7
Notes to the financial statements
9
Teesside Ability Support Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the company for the year ended 31 March 2023 .
Reference and administrative details
Registered charity name
Teesside Ability Support Centre
Charity registration number
508551
Company registration number
01417036
Principal office and registered
Acklam Road
office
Middlesbrough
TS5 4EG
The trustees
Mr W Mason
Mrs A Heath
Mrs M Annett
Mr M Nelson
Mr V Farrell
Mr D B I Nicholson
(Resigned 10 May 2022)
Mrs A Osbourne
Mr S Sidgwick
Mrs L Sidgwick
Independent examiner
Martin Firth BA (Hons), FCA
Structure, governance and management
Governing document
The charity is governed by its Memorandum and Articles of Association.
Governing body
The trustees, who are required under the Articles to serve as members of the charity, are elected at a full trustees' meeting and required to meet specifications concerning eligibility, personal competence, specialist skills and local availability.
Trustee-training
New trustees are inducted into the working environment of the charity, and also of the company as a registered charity, including trustees' policy and procedures.
Organisational management
The trustees meet monthly to determine the general policy of the charity and review its overall management and control for which they are legally responsible.
Risk management
The trustees have conducted their own review of the major risks to which the charity is exposed. External risks to funding will be mitigated by allowing for diversification of funding and activities. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
Objectives and activities
Objectives and aims
To promote and provide care opportunities for social development to adults with disabilities.
Strategic aim and objectives
The charity's strategic aim is the attainment of providing the best possible care, support and opportunities for adults with disabilities. The individuals that attend the centre can develop their social skills through interaction with large groups and other individuals.
Principal activity
The charity's principal activity continues to be the provision of care and opportunities for the social development to adults with disabilities.
Achievements and performance
Achievements and performance
In early 2023 we secured a five-year contract, on a block basis, with our biggest Local Authority Customer, this provides financial security and gives us the confidence to make longer-term plans. We retain our good reputation with our Local Authority and NHS customers and our service users (Members)
All our customers are paying on a block basis and this negates the significant potential loss of income that Covid 19 and or other long term member absence would otherwise pose to the charity.
We have a consistent level of users and demand for our services is high, we are at capacity, for users with greater needs and have established a waiting list.
In the year in question we also attracted donations and grants from a number of individuals and organisations both financial and in kind and we are very grateful for their generosity.
We have had input from established volunteers and we are grateful for all their help and support. For example gardening maintenance and help with producing our newsletter.
Public Benefit
The trustees are delighted that the organisation has been able to continue to benefit disabled adults this year. Membership remained high with 104 concurrent Members by the year end.
Financial review
Financial Review
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ("the free reserves") held by the charity should be between 3 and 6 months of the resources expended, which equates to £232,453 to £464,906 in general funds. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of a significant reduction in funding, in the medium term.
Investment powers, policy and performance
The Trustees believe that cash deposits and the purchasing of stock market linked investment trusts are the most appropriate policies for investing funds. The portfolio is considered to be conservative risk. Other funds are held as cash deposits. This position is reviewed on a regular basis.
Plans for future periods
The charity has partnered with Pilotlight and will be receiving strategic business support to drive sustainable growth. Our organisation was selected from over 100 applicants in the North of England, Midlands, and Wales to receive this support.
The partnership between Teesside Ability Support Centre , Pilotlight, and the Garfield Weston Foundation marks a significant milestone in our journey towards growth and innovation. By leveraging the knowledge and experience of business experts, we aim to solidify our position as a leading force in empowering individuals with disabilities and driving positive change in the community.
The Charity has created its first fundraising and marketing position, to support the ambitious plans of the charity that include building a new, purpose built, centre within five years.
The trustees continue to utilise the remaining bequest monies that were received in 2019 for the benefit of Members.
The Charity plans to continue the activities outlined above in the coming year subject to continued satisfactory funding arrangements.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 19 October 2023 and signed on behalf of the board of trustees by:
Mrs M Annett Chair of Trustees
Teesside Ability Support Centre
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Teesside Ability Support Centre
Year ended 31 March 2023
I report to the trustees on my examination of the financial statements of Teesside Ability Support Centre ('the company') for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Martin Firth BA (Hons), FCA Independent Examiner
Chipchase Manners
384 Linthorpe Road
Middlesbrough
TS5 6HA
19 October 2023
Teesside Ability Support Centre
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
2022
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Bequest and voluntary income
5
9,264
3,000
12,264
57,132
Charitable activities
6
981,643
–
981,643
882,061
Investment income
7
3,426
–
3,426
1,183
Activities for generating funds
8
52,273
–
52,273
47,873
------------
-------
------------
---------
Total income
1,046,606
3,000
1,049,606
988,249
------------
-------
------------
---------
Expenditure
Expenditure on charitable activities
9,10
( 999,591)
( 5,554)
( 1,005,145)
( 969,205)
------------
-------
------------
---------
Total expenditure
( 999,591)
( 5,554)
( 1,005,145)
( 969,205)
------------
-------
------------
---------
Net (losses)/gains on investments
12
( 4,556)
–
( 4,556)
3,423
------------
-------
------------
---------
Net income and net movement in funds
42,459
( 2,554)
39,905
22,467
------------
-------
------------
---------
Reconciliation of funds
Total funds brought forward
887,354
13,041
900,395
877,928
------------
--------
------------
---------
Total funds carried forward
929,813
10,487
940,300
900,395
------------
--------
------------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Teesside Ability Support Centre
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible fixed assets
17
313,986
349,655
Investments
18
102,703
106,526
---------
---------
416,689
456,181
Current assets
Stocks
19
1,323
1,209
Debtors
20
133,527
74,185
Cash at bank and in hand
415,068
402,270
---------
---------
549,918
477,664
Creditors: amounts falling due within one year
21
( 26,307)
( 33,450)
---------
---------
Net current assets
523,611
444,214
---------
---------
Total assets less current liabilities
940,300
900,395
---------
---------
Net assets
940,300
900,395
---------
---------
Funds of the charity
Restricted funds
10,487
13,041
Unrestricted funds
929,813
887,354
---------
---------
Total charity funds
23
940,300
900,395
---------
---------
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Teesside Ability Support Centre
Company Limited by Guarantee
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of trustees and authorised for issue on 19 October 2023 , and are signed on behalf of the board by:
Mrs M Annett Chair of Trustees
Teesside Ability Support Centre
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Acklam Road, Middlesbrough, TS5 4EG.
2. 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 (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements 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 at 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. Restricted 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.
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 amount 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 to the gift, receipt is probable and its amount can be measured reliably. - 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 this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts 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 to 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 cannot 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 activities, 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 costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to 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 between the activities 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it 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 it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Plant and machinery
-
12% reducing balance
Motor vehicles
-
25% reducing balance
Leasehold properties are depreciated over the life of the lease.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at 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 at each reporting date. For the purposes of impairment testing, when it is not possible to estimate 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 unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution 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 prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to 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 the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
Teesside Ability Support Centre is a company 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 its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5. Bequest and voluntary income
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Donations
3,764
–
3,764
Grants
Grants
5,500
3,000
8,500
-------
-------
--------
9,264
3,000
12,264
-------
-------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2022
£
£
£
Donations
Donations
10,650
–
10,650
Grants
Grants
29,532
16,950
46,482
--------
--------
--------
40,182
16,950
57,132
--------
--------
--------
6. Charitable activities
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Middlesbrough Day Care Block
550,062
550,062
466,226
466,226
Stockton Day Care Block
96,049
96,049
120,943
120,943
Dalby View Day Care Block
7,843
7,843
6,288
6,288
Direct Payments and other income
210,273
210,273
209,376
209,376
Transport income (members/fuel/rebate)
112,381
112,381
76,793
76,793
North Yorkshire Day Care Block
5,035
5,035
2,435
2,435
---------
---------
---------
---------
981,643
981,643
882,061
882,061
---------
---------
---------
---------
7. Investment income
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Income from listed investments
909
909
1,141
1,141
Bank interest received
2,517
2,517
42
42
-------
-------
-------
-------
3,426
3,426
1,183
1,183
-------
-------
-------
-------
8. Activities for generating funds
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Other services and sales
47,281
47,281
41,117
41,117
Income from fundraising events
4,913
4,913
6,746
6,746
Miscellaneous income
79
79
10
10
--------
--------
--------
--------
52,273
52,273
47,873
47,873
--------
--------
--------
--------
9. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Centre activities and subsistence
51,877
2,855
54,732
Centre maintenance and development
104,586
1,956
106,542
Care and development activities
613,283
–
613,283
Travelling and vehicle maintenance
56,923
–
56,923
Support costs
172,922
743
173,665
---------
-------
------------
999,591
5,554
1,005,145
---------
-------
------------
Unrestricted Funds
Restricted Funds
Total Funds 2022
£
£
£
Centre activities and subsistence
40,081
2,161
42,242
Centre maintenance and development
125,800
8,100
133,900
Care and development activities
536,112
–
536,112
Travelling and vehicle maintenance
41,071
–
41,071
Support costs
215,744
136
215,880
---------
--------
---------
958,808
10,397
969,205
---------
--------
---------
10. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2023
Total fund 2022
£
£
£
£
Centre activities and subsistence
54,732
–
54,732
42,242
Centre maintenance and development
106,542
–
106,542
133,900
Care and development activities
613,283
–
613,283
536,112
Travelling and vehicle maintenance
56,923
–
56,923
41,071
Governance costs
–
173,665
173,665
215,880
---------
---------
------------
---------
831,480
173,665
1,005,145
969,205
---------
---------
------------
---------
11. Analysis of support costs
Support costs
Total 2023
Total 2022
£
£
£
Staff costs
112,747
112,747
148,679
Premises
4,813
4,813
4,244
Communications and IT
5,979
5,979
6,696
General office
1,326
1,326
1,344
Finance costs
421
421
420
Governance costs
48,379
48,379
54,497
---------
---------
---------
173,665
173,665
215,880
---------
---------
---------
12. Net (losses)/gains on investments
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Fair value gain/(loss) on listed investments
(695)
(695)
3,423
3,423
Gains/(losses) on listed investments
(3,861)
(3,861)
–
–
-------
-------
-------
-------
( 4,556)
( 4,556)
3,423
3,423
-------
-------
-------
-------
13. Net income
Net income is stated after charging/(crediting):
2023
2022
£
£
Depreciation of tangible fixed assets
41,610
48,742
--------
--------
14. Independent examination fees
2023
2022
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
3,240
2,760
-------
-------
15. Particulars of employees
The total staff costs and employee benefits for the reporting period are analysed as follows:
2023
2022
£
£
Wages and salaries
637,305
596,808
Social security costs
48,053
42,363
Employer contributions to pension plans
18,512
21,463
---------
---------
703,870
660,634
---------
---------
The average head count of employees during the year was 30 (2022: 30 ). The average number of full-time equivalent employees during the year is analysed as follows:
2023
2022
No.
No.
All employees
30
30
----
----
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
16. Trustee remuneration and expenses
No salaries or wages have been paid to the trustees during the year. No trustee or employee was remunerated with more than £60,000 during the year.
17. Tangible fixed assets
Short leasehold property
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2022
131,830
377,607
402,436
911,873
Additions
–
5,941
–
5,941
---------
---------
---------
---------
At 31 March 2023
131,830
383,548
402,436
917,814
---------
---------
---------
---------
Depreciation
At 1 April 2022
–
269,316
292,902
562,218
Charge for the year
–
14,227
27,383
41,610
---------
---------
---------
---------
At 31 March 2023
–
283,543
320,285
603,828
---------
---------
---------
---------
Carrying amount
At 31 March 2023
131,830
100,005
82,151
313,986
---------
---------
---------
---------
At 31 March 2022
131,830
108,291
109,534
349,655
---------
---------
---------
---------
18. Investments
Listed investments
£
Cost or valuation
At 1 April 2022
106,526
Additions
17,177
Disposals
(20,305)
Fair value movements
(695)
---------
At 31 March 2023
102,703
---------
Impairment
At 1 April 2022 and 31 March 2023
Carrying amount
At 31 March 2023
102,703
---------
At 31 March 2022
106,526
---------
All investments shown above are held at valuation.
Financial assets held at fair value
Listed investments are measured at their fair value at the year end.
19. Stocks
2023
2022
£
£
Finished Goods
1,323
1,209
-------
-------
20. Debtors
2023
2022
£
£
Trade debtors
131,055
67,682
Prepayments and accrued income
2,472
6,503
---------
--------
133,527
74,185
---------
--------
21. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,674
1,284
Accruals and deferred income
5,694
5,429
Social security and other taxes
10,436
18,218
Other creditors
7,503
8,519
--------
--------
26,307
33,450
--------
--------
22. Pensions and other post retirement benefits
The amounts recognised in income or expenditure as an expense in relation to defined contribution plans was £18,512 (2022: £21,463).
23. Analysis of charitable funds
Unrestricted funds
At 1 April 2022
Income
Expenditure
Gains and losses
At 31 March 2023
£
£
£
£
£
General funds
713,398
1,046,606
(999,591)
(4,556)
755,857
Fixed asset fund
173,956
–
–
–
173,956
---------
------------
---------
-------
---------
887,354
1,046,606
(999,591)
(4,556)
929,813
---------
------------
---------
-------
---------
At 1 April 2021
Income
Expenditure
Gains and losses
At 31 March 2022
£
£
£
£
£
General funds
697,484
971,299
(958,808)
3,423
713,398
Fixed asset fund
173,956
–
–
–
173,956
---------
---------
---------
-------
---------
871,440
971,299
(958,808)
3,423
887,354
---------
---------
---------
-------
---------
Purposes of unrestricted funds
The general funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds to enable the charity to fufil its objectives, to meet existing commitments and to provide a reasonable working capital base.
The fixed asset fund has been setup to assist in identifying those funds that are not free funds and represent the cost of tangible assets to be purchased by the charity from funds designated for that purpose.
Restricted funds
At 1 April 2022
Income
Expenditure
Gains and losses
At 31 March 2023
£
£
£
£
£
Restricted funds
13,041
3,000
(5,554)
–
10,487
--------
-------
-------
----
--------
At 1 April 2021
Income
Expenditure
Gains and losses
At 31 March 2022
£
£
£
£
£
Restricted funds
6,488
16,950
(10,397)
–
13,041
-------
--------
--------
----
--------
Purposes of restricted funds
The restricted funds are received for specific expenses by the charity.
At 1 April 2022
Fund receipts
Fund expenditure
At 31 March 2023
£
£
£
£
The Boshier-Hinton Foundation
479
–
223
256
Sport Grant
900
–
–
900
Jack Brunton Charitable Trust - Jane Nov 2021
3,000
–
375
2,625
The Teesside Charity Golden Giveaway - Jane Dec 2021
1,750
–
219
1,531
Bruce Wake Charitable Trust
1,500
–
179
1,321
ScrewFix
687
–
683
4
Tees Valley Community Foundation
1,600
–
1,504
96
Peter Harrison Foundation
–
3,000
1,980
1,020
Laura Hughes
3,125
–
391
2,734
--------
-------
-------
--------
13,041
3,000
5,554
10,487
24. Analysis of net assets between funds
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Tangible fixed assets
408,757
7,932
416,689
Current Assets
547,363
2,555
549,918
Creditors less than 1 year
(26,307)
–
(26,307)
---------
--------
---------
Net assets
929,813
10,487
940,300
---------
--------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2022
£
£
£
Tangible fixed assets
453,057
3,124
456,181
Current Assets
467,747
9,917
477,664
Creditors less than 1 year
(33,450)
–
(33,450)
---------
--------
---------
Net assets
887,354
13,041
900,395
---------
--------
---------
25. Related parties
During the year £6,120 (2022: £7,926) was paid to a connected company of which a trustee is a director. The amounts were paid in relation to training services and are deemed to be at arms length.