IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.10.22 30.9.23 30.9.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true true false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081213742022-09-30081213742023-09-30081213742022-10-012023-09-30081213742021-09-30081213742021-10-012022-09-30081213742022-09-3008121374ns0:CharitableCompanyLimitedByGuarantee2022-10-012023-09-3008121374ns15:PoundSterling2022-10-012023-09-3008121374ns11:FRS1022022-10-012023-09-3008121374ns11:IndependentExaminationCharity2022-10-012023-09-3008121374ns11:SmallCompaniesRegimeForAccounts2022-10-012023-09-3008121374ns11:FullAccounts2022-10-012023-09-3008121374ns11:CharitiesSORP2022-10-012023-09-3008121374ns16:EnglandWales2022-10-012023-09-3008121374ns11:RegisteredOffice2022-10-012023-09-3008121374ns0:Trustee12022-10-012023-09-3008121374ns0:Trustee22022-10-012023-09-3008121374ns0:Trustee32022-10-012023-09-3008121374ns0:Trustee42022-10-012023-09-3008121374ns0:Trustee52022-10-012023-09-3008121374ns0:Trustee62022-10-012023-09-3008121374ns0:Trustee72022-10-012023-09-3008121374ns0:Trustee82022-10-012023-09-3008121374ns0:Trustee92022-10-012023-09-3008121374ns0:Trustee102022-10-012023-09-3008121374ns0:TotalUnrestrictedFunds2022-10-012023-09-3008121374ns0:TotalRestrictedIncomeFunds2022-10-012023-09-3008121374ns0:Activity82022-10-012023-09-3008121374ns0:Activity8ns0:TotalUnrestrictedFunds2022-10-012023-09-3008121374ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-10-012023-09-3008121374ns0:Activity82021-10-012022-09-3008121374ns0:TotalUnrestrictedFunds2022-09-3008121374ns0:TotalRestrictedIncomeFunds2022-09-3008121374ns0:TotalUnrestrictedFunds2023-09-3008121374ns0:TotalRestrictedIncomeFunds2023-09-3008121374ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-09-3008121374ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-09-3008121374ns10:WithinOneYear2023-09-3008121374ns10:WithinOneYear2022-09-3008121374ns0:TotalUnrestrictedFundsns10:AfterOneYear2023-09-3008121374ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2023-09-3008121374ns10:AfterOneYear2023-09-3008121374ns10:AfterOneYear2022-09-3008121374ns10:PlantMachinery2022-10-012023-09-3008121374ns10:ComputerEquipment2022-10-012023-09-300812137422022-10-012023-09-300812137412022-10-012023-09-300812137412021-10-012022-09-3008121374ns10:OwnedAssets2022-10-012023-09-3008121374ns10:OwnedAssets2021-10-012022-09-3008121374ns0:TotalUnrestrictedFunds2021-10-012022-09-3008121374ns0:TotalRestrictedIncomeFunds2021-10-012022-09-3008121374ns0:Activity8ns0:TotalUnrestrictedFunds2021-10-012022-09-3008121374ns0:Activity8ns0:TotalRestrictedIncomeFunds2021-10-012022-09-3008121374ns10:PlantMachinery2022-09-3008121374ns10:ComputerEquipment2022-09-3008121374ns10:PlantMachinery2023-09-3008121374ns10:ComputerEquipment2023-09-3008121374ns10:PlantMachinery2022-09-3008121374ns10:ComputerEquipment2022-09-30
REGISTERED COMPANY NUMBER: 08121374 (England and Wales)
REGISTERED CHARITY NUMBER: 1184616
















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

NEW MEANING FOUNDATION

NEW MEANING FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Cash Flow Statement 8

Notes to the Cash Flow Statement 9

Notes to the Financial Statements 10 to 17

NEW MEANING FOUNDATION (REGISTERED NUMBER: 08121374)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's objects are building modular homes for ex-homeless residents and training ex-homeless and others from a background of hardship, in construction and functional skills.

Significant activities
During the year the charity constructed 2 SPACE homes for Emmaus Suffolk, and installed these in Ipswich. These were funded with additional grants for training from Hopestead, part of the Flagship Group/ Cambridgeshire Community Foundation and Hopestead funded a project for ex homeless complete supervised paid work experience. This year the work focussed on developing positive prospects to cement their engagement as trainee technicians. Five staff now on the payroll of NMF as a result.

Peripatetic work experience and study programmes were completed by 20 additional needs learners (functional skills and employability programme over 10 months.)

The construction team has also completed 2 high quality, high specification "Mojo Space" Garden Rooms - 60 year minimum lifespan; 12 year warranty; one in Girton (6m x 4m) now being used as a psychotherapist studio - including an innovative dry toilet; one in Cockayne Hatley being used as a "mancave" for study, modelling and work projects.

Construction projects are assessed against budgeted costs and productivity targets. Learners work experience days are included in these projects. Providing Patient (paid) employment to trainees enables their progress as tradespersons to be assessed live on projects, ultimately resulting in progression to (external) contractor or self-employed work.

Additional needs training is measured against funders specific project criteria and for state funded EHCP learners against individual learning plans - monitored and evaluated by Local Authority officers.

HACT social ROI measurements are also reported as an annual measure of Impact.

Public benefit
The trustees have complied with the duty in S4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission on public benefit..

FINANCIAL REVIEW
Financial position
The financial statements for the year ended 30 September 2023 show a small surplus which is encouraging, and the trustees consider the overall result to be satisfactory.

Reserves policy
The trustees seek to hold 6 months of unrestricted reserves. In practice, limited grant funding has made it very difficult to build up reserves, and the charity relies on up front project funding to manage its cashflow. Despite the low reserves figure,cash remains at a healthy level. Reserves as at 30 September 2023 stood at £58,925.


NEW MEANING FOUNDATION (REGISTERED NUMBER: 08121374)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2023


FUTURE PLANS
The charity now operates a peripatetic learners scheme covering Cambridgeshire to North Hertfordshire and Bedfordshire. They are focusing on the NMF programme "Pro Active Work Skills, Functional Skills and Foundations for Future." Level Entry 3, Level 1 diploma and Level 2 certificate multi trade construction qualifications are running.

The plan remains to build and operate a community enterprise cafe- a new site is being searched for and collaboration discussed with a potential new partner in North Cambridge. This will provide further on the job training, and patient employment in the kitchen, front of house, and customer service/food delivery. The charity is seeking a new factory location with the assistance of Cambridge City Council, Great er Cambridge Social Impact Fund, Joint authority. It is aiming to double capacity of SPACE microhomes up to a potential of 54 per annum.

Opportunities to provide homes for ex-homeless residents are declining as the government support schemes that emerged during Covid are wound down. Other channels such as recreational buildings, holiday lodges, refurbishments, sales of quality joinery products are mitigating. Availability of professional staff willing to work in a small, stretched team that offers unique support to disadvantaged young people is a possible negative factor.
Investment in staff and ongoing pipeline products for modular homes will enable ongoing reinvestment in staff and trainees.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The company registered as a charity with the charity commission on 26 July 2020.

Recruitment and appointment of new trustees
Trustees are recruited via advertising, contacts, and through the networks of existing trustees.

Risk management
Risks for construction projects include rising materials costs, weather effects or inaccurate quotes. Also staff leaving can be considered to provide a risk to the organisation.

Changes in legislative requirements for Additional Needs provision require ongoing training and safeguarding improvement measures across the organisation. With EHCP learners many have specific requirements such as provision of 1 or 2 chaperones; behaviour management strategies, etc. There can be a risk to peers if these approaches are not understood, coached and updated as necessary.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08121374 (England and Wales)

Registered Charity number
1184616

Registered office
Unit 1, Cambridge House Camboro Business
Oakington Road, Girton
Cambridge
Cambridgeshire
CB3 0QH


NEW MEANING FOUNDATION (REGISTERED NUMBER: 08121374)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Trustees
A G W Beckett Director
J C Evans Director
Mrs C G Evans Director (resigned 17/6/2024)
D Lett Director (resigned 13/7/2023)
P Zipp Director
Ms R I P Orde Director
S Pickering Director (appointed 1/1/2023)
A Aus (appointed 17/6/2024)
Ms L Canham (appointed 17/6/2024)
Ms T Dawson Director

Independent Examiner
Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of New Meaning Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 13 September 2024 and signed on its behalf by:





A G W Beckett - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
NEW MEANING FOUNDATION


Independent examiner's report to the trustees of New Meaning Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts 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.








Matthew Pettifer FCA
The Institute of Chartered Accountants in England and Wales

Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH

Date: .............................................

NEW MEANING FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 24,688 - 24,688 20,253

Charitable activities 4
General 561,872 - 561,872 394,796
Total 586,560 - 586,560 415,049

EXPENDITURE ON
Charitable activities 5
General 543,432 9,491 552,923 472,014

NET INCOME/(EXPENDITURE) 43,128 (9,491 ) 33,637 (56,965 )


RECONCILIATION OF FUNDS
Total funds brought forward 15,797 9,491 25,288 82,253

TOTAL FUNDS CARRIED FORWARD 58,925 - 58,925 25,288

NEW MEANING FOUNDATION (REGISTERED NUMBER: 08121374)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 13 - - - 9,491

CURRENT ASSETS
Debtors 14 51,253 - 51,253 55,457
Cash at bank 154,471 - 154,471 99,434
205,724 - 205,724 154,891

CREDITORS
Amounts falling due within one year 15 (139,187 ) - (139,187 ) (128,182 )

NET CURRENT ASSETS 66,537 - 66,537 26,709

TOTAL ASSETS LESS CURRENT
LIABILITIES

66,537

-

66,537

36,200

CREDITORS
Amounts falling due after more than one year 16 (7,612 ) - (7,612 ) (10,912 )

NET ASSETS/(LIABILITIES) 58,925 - 58,925 25,288
FUNDS 18
Unrestricted funds 58,925 15,797
Restricted funds - 9,491
TOTAL FUNDS 58,925 25,288

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


NEW MEANING FOUNDATION (REGISTERED NUMBER: 08121374)

BALANCE SHEET - continued
30 SEPTEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 13 September 2024 and were signed on its behalf by:





A G W Beckett - Trustee

NEW MEANING FOUNDATION

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2023 2022
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 58,658 28,028
Interest paid (321 ) (400 )
Net cash provided by operating activities 58,337 27,628

Cash flows from financing activities
Loan repayments in year (3,300 ) (2,688 )
Net cash used in financing activities (3,300 ) (2,688 )

Change in cash and cash equivalents in
the reporting period

55,037

24,940
Cash and cash equivalents at the
beginning of the reporting period

99,434

74,494
Cash and cash equivalents at the end of
the reporting period

154,471

99,434

NEW MEANING FOUNDATION

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2023 2022
£    £   
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)

33,637

(56,965

)
Adjustments for:
Depreciation charges 9,491 9,782
Interest paid 321 400
Decrease in debtors 4,204 34,829
Increase in creditors 11,005 39,982
Net cash provided by operations 58,658 28,028


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/10/22 Cash flow At 30/9/23
£    £    £   
Net cash
Cash at bank 99,434 55,037 154,471
99,434 55,037 154,471

Debt
Debts falling due within 1 year (3,400 ) - (3,400 )
Debts falling due after 1 year (10,912 ) 3,300 (7,612 )
(14,312 ) 3,300 (11,012 )
Total 85,122 58,337 143,459

NEW MEANING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. LEGAL FORM

The charity is a registered charity registered in England and Wales, and a company limited by guarantee having no share capital incorporated in England and Wales.

Its registered office is Unit 1, Cambridge House, Camboro Business Park, Girton, Cambs, CB3 0QH.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery - 33% on cost
Computer equipment - 33% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


NEW MEANING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

3. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 24,688 20,253

4. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity £    £   
Primary purpose trading General 558,272 355,200
Grants General 3,600 39,596
561,872 394,796

Grants received, included in the above, are as follows:
2023 2022
£    £   
Job Retention Scheme Grants - 193
EHCP - 5,270
B&Q Foundation - 8,000
Kickstart Grants - 26,133
John Anthorpe Charity 3,600 -
3,600 39,596

5. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (see note costs (see
Costs 6) note 7) Totals
£    £    £    £   
General 536,705 2,441 13,777 552,923


NEW MEANING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. GRANTS PAYABLE
2023 2022
£    £   
General 2,441 888


7. SUPPORT COSTS
Governance
costs
£   
General 13,777

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 9,491 9,782

9. TRUSTEES' REMUNERATION AND BENEFITS
2023 2022
£    £   
Trustees' salaries 45,695 40,665
Trustees' social security 5,167 5,765
50,862 46,430

John Evans, a trustee was remunerated in accordance with the articles of the charity. This was in respect of services supplied for both project management and working as the full time CEO of the charity.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022.



NEW MEANING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


10. STAFF COSTS
2023 2022
£    £   
Wages and salaries 225,018 135,748
Social security costs 6,042 5,765
Other pension costs 2,658 200
233,718 141,713

The staff costs relating to Key Management Personnel were £50,862 (2022: £46,430).

The average monthly number of employees during the year was as follows:

2023 2022
Operations 9 7

No employees received emoluments in excess of £60,000.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 20,253 - 20,253

Charitable activities
General 394,796 - 394,796
Total 415,049 - 415,049

EXPENDITURE ON
Charitable activities
General 414,688 57,326 472,014

NET INCOME/(EXPENDITURE) 361 (57,326 ) (56,965 )


RECONCILIATION OF FUNDS
Total funds brought forward 15,436 66,817 82,253

TOTAL FUNDS CARRIED FORWARD 15,797 9,491 25,288


NEW MEANING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


12. INDEPENDENT EXAMINER'S REMUNERATION

The independent examiner received remuneration during the year of £2,140 (2022:£1,586).

13. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2022 and 30 September 2023 28,474 871 29,345
DEPRECIATION
At 1 October 2022 18,983 871 19,854
Charge for year 9,491 - 9,491
At 30 September 2023 28,474 871 29,345
NET BOOK VALUE
At 30 September 2023 - - -
At 30 September 2022 9,491 - 9,491

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 51,253 55,457

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 17) 3,400 3,400
Social security and other taxes 5,498 1,945
Other creditors 85,614 31,787
Accruals and deferred income 44,675 91,050
139,187 128,182


NEW MEANING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 17) 7,612 10,912

17. LOANS

Loans comprise a bounce back loan of £11,012 (2022:£14,312) from HSBC Bank PLC.

18. MOVEMENT IN FUNDS
Net
At movement At
1/10/22 in funds 30/9/23
£    £    £   
Unrestricted funds
General fund 15,797 43,128 58,925

Restricted funds
GCP Grant Fund 9,491 (9,491 ) -

TOTAL FUNDS 25,288 33,637 58,925

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 586,560 (543,432 ) 43,128

Restricted funds
GCP Grant Fund - (9,491 ) (9,491 )

TOTAL FUNDS 586,560 (552,923 ) 33,637


NEW MEANING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1/10/21 in funds 30/9/22
£    £    £   
Unrestricted funds
General fund 15,436 361 15,797

Restricted funds
GCP Grant Fund 66,817 (57,326 ) 9,491

TOTAL FUNDS 82,253 (56,965 ) 25,288

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 415,049 (414,688 ) 361

Restricted funds
GCP Grant Fund - (57,326 ) (57,326 )

TOTAL FUNDS 415,049 (472,014 ) (56,965 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1/10/21 in funds 30/9/23
£    £    £   
Unrestricted funds
General fund 15,436 43,489 58,925

Restricted funds
GCP Grant Fund 66,817 (66,817 ) -

TOTAL FUNDS 82,253 (23,328 ) 58,925

NEW MEANING FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,001,609 (958,120 ) 43,489

Restricted funds
GCP Grant Fund - (66,817 ) (66,817 )

TOTAL FUNDS 1,001,609 (1,024,937 ) (23,328 )

Purposes of Restricted Funds

GCP Fund
Grant funding from Cambridgeshire County Council towards training of people in basic construction skills, and qualifications in English, Maths, ICT and Employability up to level 2, and the set up of a dedicated training and construction centre in the Greater Cambridge area.

19. RELATED PARTY DISCLOSURES

New Meaning Training Limited
A company with directors in common

20232022
££
Amount due to related party at the balance sheet date70,97730,618

Mojo Foundation
A charity with trustees in common

20232022
££
Amount due from related party at the balance sheet date45,09345,093

These amounts are disclosed in Other Debtors and Other Creditors as appropriate.

The loan to the Mojo Foundation was made by the directors in the knowledge that it may never be recovered due to the perilous economic situation in the Gambia, but are confident that the funds will be used for charitable purposes.