IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047546072023-03-31047546072024-03-31047546072023-04-012024-03-31047546072022-03-31047546072022-04-012023-03-31047546072023-03-3104754607ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-3104754607ns15:PoundSterling2023-04-012024-03-3104754607ns11:FRS1022023-04-012024-03-3104754607ns11:IndependentExaminationCharity2023-04-012024-03-3104754607ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104754607ns11:FullAccounts2023-04-012024-03-3104754607ns11:CharitiesSORP2023-04-012024-03-3104754607ns0:Trustee12023-04-012024-03-3104754607ns0:Trustee22023-04-012024-03-3104754607ns0:Trustee32023-04-012024-03-3104754607ns0:Trustee42023-04-012024-03-3104754607ns0:Trustee52023-04-012024-03-3104754607ns0:Trustee62023-04-012024-03-3104754607ns0:Trustee72023-04-012024-03-3104754607ns0:Trustee82023-04-012024-03-3104754607ns0:Trustee92023-04-012024-03-3104754607ns11:RegisteredOffice2023-04-012024-03-3104754607ns0:TotalUnrestrictedFunds2023-04-012024-03-3104754607ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3104754607ns0:TotalUnrestrictedFunds2023-03-3104754607ns0:TotalRestrictedIncomeFunds2023-03-3104754607ns0:TotalUnrestrictedFunds2024-03-3104754607ns0:TotalRestrictedIncomeFunds2024-03-3104754607ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-3104754607ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2024-03-3104754607ns10:WithinOneYear2024-03-3104754607ns10:WithinOneYear2023-03-3104754607ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-04-012024-03-3104754607ns10:ComputerEquipment2023-04-012024-03-310475460722023-04-012024-03-3104754607132023-04-012024-03-3104754607132022-04-012023-03-3104754607ns0:TotalUnrestrictedFunds2022-04-012023-03-3104754607ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3104754607ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-03-3104754607ns10:ComputerEquipment2023-03-3104754607ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-03-3104754607ns10:ComputerEquipment2024-03-3104754607ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-03-3104754607ns10:ComputerEquipment2023-03-31
REGISTERED COMPANY NUMBER: 04754607 (England and Wales)
REGISTERED CHARITY NUMBER: 1100266














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BROCKWORTH LINK

BROCKWORTH LINK






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 5

Independent Examiner's Report 6

Statement of Financial Activities 7

Statement of Financial Position 8 to 9

Notes to the Financial Statements 10 to 17

BROCKWORTH LINK

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024



TRUSTEES Ms N J Walsh Chair
Mr M P Nadin Vice-Chair (resigned 16.11.23)
Mrs V Rock
Mr M S Couzens
Mr A Casey
Mrs H R Prosser
Miss M Constantinescu
Mr A Goode (appointed 8.6.23)
Mr J F Honey (appointed 8.6.23)


COMPANY SECRETARY Mr M P Nadin


REGISTERED OFFICE Brockworth Library
Moorfield Road
Brockworth
Gloucester
Gloucestershire
GL3 4EX


REGISTERED COMPANY NUMBER 04754607 (England and Wales)


REGISTERED CHARITY NUMBER 1100266


INDEPENDENT EXAMINER BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

BROCKWORTH LINK (REGISTERED NUMBER: 04754607)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024


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 31 March 2024. 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 objectives for which Brockworth Link is established were updated in the change to the Articles of Association that was passed on March 2024. The charity is established to significantly contribute to the social and economic development of Brockworth by providing a community-based library and education centre, advice and support services for disadvantaged members of the community and a positive meeting place and support centre for the young people. Its objectives are:

-The relief of persons resident in the area of benefit in need, hardship and distress including the elderly and the disabled by providing or assisting in the provision of:
-Advice and information regarding their legal entitlements particularly (but not exclusively) state benefits, housing consumer matters and debt and
-Facilities and services to relieve persons suffering from substance addiction together with the families of such persons
-The advancement of education amongst persons resident within the area of benefit
-The advancement of such other charitable purposes in the interests of social welfare as are beneficial to the community within the area of benefit.

The benefit area is primarily the civil parish of Brockworth, the wider county of Gloucestershire and surrounding areas.

Public benefit
In planning Brockworth Link's activities for the year, the trustees kept in mind the Charity Commission's guidance on public benefit. The focus of the charity's activities during the year, which explains the delivery by the charity of public benefit, is set out below under 'Achievement and performance' and above under 'Objectives and activities'.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During this period of 2023-2024, library hours have continued as previously recorded and we have continued to play an important role in the community of Brockworth. Activities have continued to grow especially in education and youth. There is usually a keen response to courses offered and customers are encouraged to offer suggestions for improvements.

We endeavoured to maintain our position of forward-looking progress, and where possible, moved into areas of improvement. This has gathered momentum throughout the year and we have been able to move forward on several projects.

The youth provision is particularly important and successful and we continue to grow in this area.
We have maintained our financial stability, as well as enhancing the procurement of several grants which have enabled us to fulfil several projects.

Our 4 core staff - Monica Constantinescu, our General Manager, Anne Fuller, our Library Manager, Maria McIntosh, our Assistant Library Manager and Charlotte Mills, our Youth Manager - are responsible for the day to day administration and running of the charity.



BROCKWORTH LINK (REGISTERED NUMBER: 04754607)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024

ACHIEVEMENT AND PERFORMANCE - continued
Charitable activities - continued

There are a number of highlights worth mentioning:

-The Italian class has continued to be successful and we have now reintroduced the French class as well as Spanish class.
-Our baby bounce and rhyme group continues to run with high numbers and it is a popular Wednesday activity for young mothers/ grandparents/ carers and their little ones
-Our youth provision has gone from strength to strength, after extending into Coopers Edge. Attendance has grown in Brockworth and we have also started a weekly youth club session in Churchdown.
-Working in partnership with the local parish council and church, we ran a very successful Christmas Fayre which brought the whole community together for second time in 3 years.
-We have received funding from Brockworth Parish Council, Tewkesbury Borough Council, Gloucestershire County Council and more.
-With the financial support from The Big Lottery, we continued to use our CRM (Customer Relationship Management) system which gives us visual feedback on attendance and satisfaction of both Brockworth Community Library and Brockworth Link as a whole. This has been a learning experience for Brockworth Link.

FINANCIAL REVIEW
Financial review
Brockworth Link recorded a deficit for the year of £42,220. The trustees are comfortable with the performance for the year, as we have faced increasingly high costs due to utilities, contractors and conforming with compliance requirements.

Investment policy and objectives
The trustees continue to monitor that bank deposits provide a reasonable return for the charity.

Reserves policy
The Management Committee has examined the charity's requirements for reserves, in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be 6 months of the expenditure. Budgeted revenue expenditure for 2024-2025 is in the order of £80,000. We estimate that we will receive grants, fees and charges and other sources of income to meet this. The present level of unrestricted reserves available to the charity is £50,577. The Management Committee will continue to keep the budget under review throughout the year.

FUTURE PLANS
Brockworth Link trustees continued to work from the agreed 5-year business plan which was updated pre-COVID. We are constantly working to make that plan a reality. In August 2022, the business plan committee met to update and simplify the business plan, making it a more user friendly document.

Brockworth Link trustees are working closely together to compile a more refreshed business plan and are continually updating and amending sections of the existing one. They meet regularly and hope to have a complete working document by the end of 2024.

Significant housing development in Brockworth will bring both challenges and opportunities in the coming years.

Securing long-term revenue funding remains a priority.

As ever, we face the future with confidence and ambition.


BROCKWORTH LINK (REGISTERED NUMBER: 04754607)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a company limited by guarantee and therefore has no share capital. In the event of the company being wound up and the liabilities and winding up expenses being in excess of assets, the liability of each member is limited to £1. The charity's governing document is its Memorandum and Articles of Association dated 19 May 2003 and updated March 2024.

Recruitment and appointment of new trustees
Details of officers and advisers are given on page 1 of this report. The power to appoint new trustees is vested in existing trustees.

Changes in trustees
Mr A Goode and Mr J F Honey were appointed as trustees in June 2023. Mr M Nadin resigned as trustee in November 2023.

Organisational structure
In accordance with the Articles of Association, Brockworth Link is directed by an Executive Committee comprising a Chair, Vice Chair, Treasurer, Secretary, and such other Honorary Officers as the charity shall decide. The Executive Committee meets monthly.

Risk management
The trustees actively review the major risks which the charity faces on a regular basis and carry out reviews of the controls over key financial systems. The trustees have also considered other financial, operational and business risks faced by the charity, especially the raising of relevant funding and the maintenance of adequate reserves, and confirm that systems have been established to mitigate, as far as possible, any significant risks.

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Brockworth Link 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.


BROCKWORTH LINK (REGISTERED NUMBER: 04754607)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024

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 16 September 2024 and signed on its behalf by:





Ms N J Walsh - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BROCKWORTH LINK

Independent examiner's report to the trustees of Brockworth Link ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

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
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.








Roger Downes FCA

BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

16 September 2024

BROCKWORTH LINK

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,196 - 1,196 2,037

Charitable activities 4
Charitable 27,424 87,293 114,717 94,750

Other trading activities 2 15,194 1,486 16,680 9,768
Investment income 3 - - - 113
Total 43,814 88,779 132,593 106,668

EXPENDITURE ON
Raising funds 5 2,909 1,637 4,546 5,761

Charitable activities 6
Charitable 44,726 125,541 170,267 140,182
Total 47,635 127,178 174,813 145,943

NET INCOME/(EXPENDITURE) (3,821 ) (38,399 ) (42,220 ) (39,275 )
Transfers between funds 17 6,762 (6,762 ) - -
Net movement in funds 2,941 (45,161 ) (42,220 ) (39,275 )

RECONCILIATION OF FUNDS
Total funds brought forward 47,636 228,978 276,614 315,889

TOTAL FUNDS CARRIED FORWARD 50,577 183,817 234,394 276,614

BROCKWORTH LINK (REGISTERED NUMBER: 04754607)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 13 10,434 149,295 159,729 190,028

CURRENT ASSETS
Debtors 14 4,536 7,360 11,896 7,119
Cash at bank and in hand 38,891 27,162 66,053 82,227
43,427 34,522 77,949 89,346

CREDITORS
Amounts falling due within one year 15 (3,284 ) - (3,284 ) (2,760 )

NET CURRENT ASSETS 40,143 34,522 74,665 86,586

TOTAL ASSETS LESS CURRENT LIABILITIES 50,577 183,817 234,394 276,614

NET ASSETS 50,577 183,817 234,394 276,614
FUNDS 17
Unrestricted funds 50,577 47,636
Restricted funds 183,817 228,978
TOTAL FUNDS 234,394 276,614

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.


BROCKWORTH LINK (REGISTERED NUMBER: 04754607)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024

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 16 September 2024 and were signed on its behalf by:





Ms N J Walsh - Trustee

BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. 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.

Going concern
The charity relies on external funding to meet its day-to-day cash requirements and to fund its charitable activities. Whilst levels of available funding have been decreasing in recent years, the trustees are confident that their efforts to secure new funding sources are being rewarded, with several new income streams in place for the next couple of years

The trustees have considered the cash flow needs of the charity for a period of more than twelve months from the date of approval of these financial statements and conclude that, despite the uncertainties that exist, particularly with regard to the effects of the current coronavirus pandemic, the charity should be able to generate sufficient funding going forward in order to enable it to provide planned services for the foreseeable future. Consequently the trustees consider it appropriate to prepare these financial statements on the basis that the charity is a going concern.

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. Grant income is recognised on receipt unless there is a future obligation to deliver services against that income, in which case it is recognised when those services are delivered. All other income is recognised on receipt.

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.

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


Improvements to property - 10% on cost
Computer equipment - 25% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities. It is not, however, exempt from VAT, and irrecoverable VAT is included in the cost of those items to which it relates.

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


BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Fund accounting
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.

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.

2. OTHER TRADING ACTIVITIES
31.3.24 31.3.23
£    £   
Course fees 4,077 2,705
Other income 12,603 7,063
16,680 9,768

3. INVESTMENT INCOME
31.3.24 31.3.23
£    £   
Deposit account interest - 113

4. INCOME FROM CHARITABLE ACTIVITIES
31.3.24 31.3.23
Activity £    £   
Grants Charitable 114,717 94,750

Grants received, included in the above, are as follows:
31.3.24 31.3.23
£    £   
Brockworth Parish Council 43,825 32,377
Big Lottery Fund 27,424 6,885
Gloucestershire County Council 14,573 15,000
Awards For All 10,000 -
GL3 Community Hub 8,105 -
Gloucestershire Community Foundation 5,000 -
Tewkesbury Borough Council 3,540 18,808
Skipton Building Society 750 -
Hucclecote Parish Council 500 300
Rotary Trust 500 500
Co-op Local Community Fund 500 -
Forest Voluntary Action Forum - 6,760
Sports England - 5,120
Barnwood Trust - 4,500
Carried forward 114,717 90,250

BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INCOME FROM CHARITABLE ACTIVITIES - continued
31.3.24 31.3.23
£    £   
Brought forward 114,717 90,250
National Benevolent Charity - 4,500
114,717 94,750

5. RAISING FUNDS

Other trading activities
31.3.24 31.3.23
£    £   
Purchases 4,546 5,761

6. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7) note 8) Totals
£    £    £   
Charitable 168,826 1,441 170,267

7. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.24 31.3.23
£    £   
Staff costs 94,904 75,402
Rent, rates and utilities 7,387 5,819
Insurance 1,312 1,410
Telephone 3,042 2,395
Stationery, postage & supplies 786 379
Sundries 1,257 2,481
Contracted services 7,247 9,675
Maintenance & repairs 7,812 1,319
Bank charges 18 210
Equipment purchase & hire 605 564
IT & website 248 322
Youth activities 11,352 6,554
Licences and subscriptions 2,557 -
Depreciation 30,299 30,301
168,826 136,831


BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. SUPPORT COSTS
Governance
costs
£   
Charitable 1,441

9. NET INCOME/(EXPENDITURE)

There are no exceptional items to report.

10. TRUSTEES' REMUNERATION AND BENEFITS

During the year one of the trustees received remuneration of £31,920 (2023: £31,459).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


11. STAFF COSTS

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

31.3.24 31.3.23
Administration staff 10 8

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

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,001 36 2,037

Charitable activities
Charitable - 94,750 94,750

Other trading activities 8,997 771 9,768
Investment income 113 - 113
Total 11,111 95,557 106,668

EXPENDITURE ON
Raising funds 5,761 - 5,761

Charitable activities
Charitable 16,752 123,430 140,182
Total 22,513 123,430 145,943

NET INCOME/(EXPENDITURE) (11,402 ) (27,873 ) (39,275 )

BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£    £    £   


RECONCILIATION OF FUNDS
Total funds brought forward 59,038 256,851 315,889

TOTAL FUNDS CARRIED FORWARD 47,636 228,978 276,614

13. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 April 2023 and 31 March 2024 256,116 47,438 303,554
DEPRECIATION
At 1 April 2023 75,274 38,252 113,526
Charge for year 25,611 4,688 30,299
At 31 March 2024 100,885 42,940 143,825
NET BOOK VALUE
At 31 March 2024 155,231 4,498 159,729
At 31 March 2023 180,842 9,186 190,028

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Income due 11,578 6,762
Prepayments 318 357
11,896 7,119


BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 310
Social security and other taxes 1,683 992
Other creditors 396 308
Accrued expenses 1,205 1,150
3,284 2,760

16. SECURED DEBTS

Tewkesbury Borough Council has a legal charge over the leasehold property that the charity occupies for its activities.

17. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 47,636 (3,821 ) 6,762 50,577

Restricted funds
Youth Services 11,762 - (6,762 ) 5,000
Capital Equipment 194,492 (24,285 ) - 170,207
Library Services 21,474 (14,114 ) - 7,360
IT Classes 1,250 - - 1,250
228,978 (38,399 ) (6,762 ) 183,817
TOTAL FUNDS 276,614 (42,220 ) - 234,394

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 43,814 (47,635 ) (3,821 )

Restricted funds
Youth Services 62,615 (62,615 ) -
Capital Equipment - (24,285 ) (24,285 )
Library Services 26,164 (40,278 ) (14,114 )
88,779 (127,178 ) (38,399 )
TOTAL FUNDS 132,593 (174,813 ) (42,220 )


BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 59,038 (11,402 ) 47,636

Restricted funds
Youth Services 6,864 4,898 11,762
Capital Equipment 209,776 (15,284 ) 194,492
Library Services 38,961 (17,487 ) 21,474
IT Classes 1,250 - 1,250
256,851 (27,873 ) 228,978
TOTAL FUNDS 315,889 (39,275 ) 276,614

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 11,111 (22,513 ) (11,402 )

Restricted funds
Youth Services 41,333 (36,435 ) 4,898
Capital Equipment 9,000 (24,284 ) (15,284 )
Library Services 45,224 (62,711 ) (17,487 )
95,557 (123,430 ) (27,873 )
TOTAL FUNDS 106,668 (145,943 ) (39,275 )

Details of Restricted Funds

Youth Services - Funding for staff costs and expenses for Brockworth Youth Club (known as B-Epic and run under the umbrella of Brockworth Link), other youth activities and offsite events.

Capital Equipment - Funding for library improvements and IT equipment. Assets purchased with this funding are either capitalised as fixed assets and the subsequent depreciation charged against this fund or charged direct against the fund where the expenditure is not capitalised.

Library Services - Funding for operational costs to provide local community library services, including an IT suite for public use, and for extended library opening hours.

IT Classes - Funding for basic IT classes for the local community.


BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

17. MOVEMENT IN FUNDS - continued

Transfers between funds

Transfers are made between restricted and unrestricted funds at the end of every accounting period in cases where:-

i) the activity of the restricted fund has come to an end and there is an unspent balance that is not repayable to the funder(s), when the surplus is transferred to unrestricted funds; and

ii) the restricted fund is in deficit and has either come to an end or there is no prospect of a surplus in a later period, when the deficit is eliminated by transfer from unrestricted funds.

18. CONTINGENT LIABILITIES

Various funders retain the right to claw back grants should the use of the funds not be in accordance with the terms of the grant. In the opinion of the trustees no such liability exists at the year-end.

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.