2
false
false
false
false
false
false
true
false
false
false
false
false
true
true
No description of principal activity
2023-01-01
Sage Accounts Production Advanced 2021 - FRS102_2021_Charity
xbrli:pure
xbrli:shares
iso4217:GBP
04277872
2023-01-01
2023-12-31
04277872
2023-12-31
04277872
2022-12-31
04277872
2022-01-01
2022-12-31
04277872
2022-12-31
04277872
2021-12-31
04277872
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-01-01
2023-12-31
04277872
core:FurnitureFittings
2023-01-01
2023-12-31
04277872
bus:LeadAgentIfApplicable
2023-01-01
2023-12-31
04277872
char:Trustee1
2023-01-01
2023-12-31
04277872
char:Trustee2
2023-01-01
2023-12-31
04277872
char:Trustee3
2023-01-01
2023-12-31
04277872
char:Trustee4
2023-01-01
2023-12-31
04277872
char:TotalUnrestrictedFunds
2022-12-31
04277872
char:TotalUnrestrictedFunds
2023-12-31
04277872
char:TotalUnrestrictedFunds
2022-12-31
04277872
char:TotalUnrestrictedFunds
2023-01-01
2023-12-31
04277872
char:Activity2
2022-01-01
2022-12-31
04277872
core:WithinOneYear
2023-12-31
04277872
core:WithinOneYear
2022-12-31
04277872
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-12-31
04277872
core:FurnitureFittings
2022-12-31
04277872
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-12-31
04277872
core:FurnitureFittings
2023-12-31
04277872
core:AfterOneYear
2023-12-31
04277872
core:AfterOneYear
2022-12-31
04277872
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-12-31
04277872
bus:FRS102
2023-01-01
2023-12-31
04277872
bus:AuditExempt-NoAccountantsReport
2023-01-01
2023-12-31
04277872
bus:FullAccounts
2023-01-01
2023-12-31
04277872
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2023-12-31
04277872
bus:PrivateLimitedCompanyLtd
2023-01-01
2023-12-31
COMPANY REGISTRATION NUMBER:
04277872
CHARITY REGISTRATION NUMBER:
1090593
Genesis Enterprise Foundation |
|
Company Limited by Guarantee |
|
Unaudited Financial Statements |
|
Genesis Enterprise Foundation |
|
Company Limited by Guarantee |
|
Year ended 31 December 2023
Trustees' annual report (incorporating the director's report) |
1 |
|
|
Independent examiner's report to the trustees |
5 |
|
|
Statement of financial activities (including income and expenditure account) |
6 |
|
|
Statement of financial position |
7 |
|
|
Notes to the financial statements |
9 |
|
|
Genesis Enterprise Foundation |
|
Company Limited by Guarantee |
|
Trustees' Annual Report (Incorporating the Director's Report) |
|
Year ended 31 December 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended
31 December 2023
.
Reference and administrative details
Registered charity name |
Genesis Enterprise Foundation |
|
|
Charity registration number |
1090593 |
|
|
Company registration number |
04277872 |
|
|
Principal office and registered |
Alfreton Hall |
office |
Church Street |
|
Alfreton |
|
Derbyshire |
|
DE55 7AH |
|
|
The trustees
|
M P Hodgkinson |
|
|
D Holmes |
|
|
P M Starbuck |
|
|
A Vance |
|
|
|
|
Independent examiner |
Anthony Harrison |
|
|
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 charity was formed as a company on 28th August 2001. The overall management of the charity is the responsibility of the Trustees, who are also directors for the purposes of company law. The Trustees meet regularly to discuss matters affecting the charity. Senior staff are also present, if required, to provide insight into issues. The matters discussed include finance, funding, service delivery, and risks facing the charity.
The Trustees employ staff to carry out the day to day running of the charity.
Recruitment and appointed of new Trustees
Genesis Enterprise Foundation
carries out a skills audit of current Trustees which identifies knowledge gaps within the board and then seeks to recruit into those gaps.
Induction and training of new Trustees
New Trustees will become familiar with the practical work of the charity and the group after reading the Annual Report and will have also received a copy of the charity's Memorandum and Articles and the latest financial reports. They will also meet with the Chief Executive and existing Trustees as well as being offered opportunities to meet staff members.
Additionally, they are invited to attend induction training which covers the following areas:
1. The Policy and Practice Guide
2. Training and Support
3. Roles and Responsibilities
4. Knowledge
5. Communications
6. Best Practice Guide
All Trustees are signposted to other relevant training throughout the year.
Remuneration of Trustees
The remuneration of Trustees is considered by the whole board based on their experience of the charity sector and includes taking advice from external professional advisors where appropriate. To date no Trustee has received any remuneration.
Risk Management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Objectives and activities
Charitable Ativities
The charity is proud to have contributed to the transformation of the area through new enterprise, job creation, training and many community facilities developed. The project became a case study across the region and gave birth to several similar ventures across the UK. This large project providing 60,000 sq ft of workspace for small offices education and training and Community centre has provided many new jobs and has over 3000 visits per week. Wider afield the training of social entrepreneurs helped develop sustainable enterprises. Projects in other countries were assisted by sowing in training programmes and mentoring as well as practical aid.
The charity has sought to be self-sustainable over the last 18 years by way of social enterprise activities and rental income, sadly over the last several years this became challenged by austerity measures with public sector leases not renewed and then Covid that decimated trading. However, the charity looks back with pride at the achievements of the past and now seek to build upon this in coming years.
Achievements and performance
The year 2022/2023 sadly still brought its challenges as the aftermath of Covid continued to affect the charities activities and its trade through the charities subsidiary Alfreton Hall.
The Genesis centre was sold in 2020 to operators who continue the programmes and activities birthed by the charity as mentioned above. This left the charity to operate its ongoing objectives through its remaining asset Alfreton Hall. Alfreton Hall a grade 2 listed building is owned by the charity but used for training in hospitality and catering. Its trading activities are primarily weddings and conferences, sadly the Government restrictions on weddings and gatherings badly affected the business and its contribution to the charity by way of rent and contributed profit. The trading company ceased to trade at the end of 2023. This impacted upon income and sadly draining resources.
The Board made a decision to market Alfreton Hall via Christie's in January 2023 and reinvest the equity expected to be around £600k into its primary objectives and operate without owned premises . As yet the property has not sold and this restricted the charities objectives as reserves were deployed in servicing costs.
The Board are committed to serving the community it has served for over 25 years and will look for ways to achieve this once the property is sold and funds available. During the year the Board continue with the support of its bank. Sadly grant funders are not able to support until a more stable position is found.
We thank those volunteers and staff who have served the charity loyally during the difficult years.
The Board and its advisory board who have taken difficult decisions and remain loyal to seeing the best for the charity and those they serve.
Financial review
Reserves Policy
The charity's policy is to hold three month's expenditure in free reserves. Note 14 to the accounts discloses that unrestricted free reserves at the end of the year amounted to over £238,000. However, free unrestricted net current assets continue to be low. The Trustees continue to work to strengthen the reserves position, but given now the closure of trading activities these have reduced considerably and the charity works closely with its bank to sell the property and satisfy its loans or creditors. As at the end of 2023 the charity continues with the support of its bank servicing ongoing commitments.
With the previously mentioned factors over the last year the charity continues to operate in an uncertain business environment and finding it difficult to obtain grants which is common with other third sector organisations; as a board of Trustees we continue to work closely with all stakeholders to ensure the ongoing viability.
The board have made difficult decisions during the year and fully expected to have sold its property by now valued at £1.4 million in 2022 and marketed at £1.5 million by Christie's from January 2023. At this time of writing there are firm offers for the property. The banks and key stakeholders are informed and to date have been supportive of these key decisions. In due course post a sale all loans will be paid off and reserves re-invested in the Charities objectives.
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
25 September 2024
and signed on behalf of the board of trustees by:
Genesis Enterprise Foundation |
|
Company Limited by Guarantee |
|
Independent Examiner's Report to the Trustees of
Genesis Enterprise Foundation |
|
Year ended 31 December 2023
I report to the trustees on my examination of the financial statements of
Genesis Enterprise Foundation
('the charity') for the year ended 31 December 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 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 charity 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.
Anthony Harrison
Independent Examiner
Yeomans, Harrison and Associates Ltd
Durham House
38 Street Lane
Denby
Derbyshire
DE5 8NE
25 September 2024
Genesis Enterprise Foundation |
|
Company Limited by Guarantee |
|
Statement of Financial Activities |
(including income and expenditure account) |
|
Year ended 31 December 2023
|
2023 |
2022 |
|
Unrestricted funds |
Total funds |
Total funds |
Note |
£ |
£ |
£ |
|
|
|
|
Income and endowments
Charitable activities |
21,600 |
28,440 |
26,479 |
Investment income |
52 |
52 |
29 |
|
-------- |
-------- |
-------- |
Total income |
21,652 |
28,492 |
26,508 |
|
-------- |
-------- |
-------- |
|
|
|
|
Expenditure
Expenditure on raising funds:
|
Costs of other trading activities |
– |
– |
3,284 |
Expenditure on charitable activities |
92,640 |
92,640 |
84,668 |
|
-------- |
-------- |
-------- |
Total expenditure |
92,640 |
92,640 |
87,952 |
|
-------- |
-------- |
-------- |
|
|
|
|
|
|
-------- |
-------- |
-------- |
Net expenditure and net movement in funds |
(
70,988) |
(
64,148) |
(
61,444) |
|
-------- |
-------- |
-------- |
|
|
|
|
Reconciliation of funds
Total funds brought forward |
309,463 |
309,463 |
370,907 |
|
--------- |
--------- |
--------- |
Total funds carried forward |
238,475 |
238,475 |
309,463 |
|
--------- |
--------- |
--------- |
|
|
|
|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Genesis Enterprise Foundation |
|
Company Limited by Guarantee |
|
Statement of Financial Position |
|
31 December 2023
Fixed assets
Tangible fixed assets |
8 |
855,305 |
865,551 |
Investments |
9 |
1 |
1 |
|
--------- |
--------- |
|
855,306 |
865,552 |
|
|
|
|
Current assets
Debtors |
10 |
149,810 |
57,908 |
Cash at bank and in hand |
1,231 |
30,258 |
|
--------- |
-------- |
|
151,041 |
88,166 |
|
|
|
|
Creditors: amounts falling due within one year |
11 |
157,894 |
37,412 |
|
--------- |
-------- |
Net current liabilities |
(
6,853) |
50,754 |
|
--------- |
--------- |
Total assets less current liabilities |
848,453 |
916,306 |
|
|
|
|
Creditors: amounts falling due after more than one year |
12 |
603,138 |
606,843 |
|
--------- |
--------- |
Net assets |
245,315 |
309,463 |
|
--------- |
--------- |
|
|
|
|
Funds of the charity
Unrestricted funds |
238,475 |
309,463 |
|
|
--------- |
--------- |
Total charity funds |
13 |
238,475 |
309,463 |
|
|
--------- |
--------- |
|
|
|
|
For the year ending 31 December 2023 the charity 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.
Genesis Enterprise Foundation |
|
Company Limited by Guarantee |
|
Statement of Financial Position (continued) |
|
31 December 2023
These financial statements were approved by the
board of trustees
and authorised for issue on
25 September 2024
, and are signed on behalf of the board by:
Genesis Enterprise Foundation |
|
Company Limited by Guarantee |
|
Notes to the Financial Statements |
|
Year ended 31 December 2023
1.
General information
The charity 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 Alfreton Hall, Church Street, Alfreton, Derbyshire, DE55 7AH.
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.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line 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
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Freehold property |
- |
1% straight line |
|
Fixtures and fittings |
- |
15% straight line |
|
|
|
|
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 charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Limited by guarantee
The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £Nil per member of the charity.
5.
Net expenditure
Net expenditure is stated after charging/(crediting):
|
2023 |
2022 |
|
£ |
£ |
Depreciation of tangible fixed assets |
10,246 |
10,246 |
Operating lease rentals |
– |
85 |
|
-------- |
-------- |
|
|
|
6.
Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
|
2023 |
2022 |
|
£ |
£ |
Wages and salaries |
16,519 |
14,797 |
|
-------- |
-------- |
|
|
|
The average head count of employees during the year was
2
(2022:
2
).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
7.
Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
8.
Tangible fixed assets
|
Freehold property |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 January 2023 and 31 December 2023 |
1,024,561 |
169,243 |
1,193,804 |
|
------------ |
--------- |
------------ |
Depreciation |
|
|
|
At 1 January 2023 |
159,010 |
169,243 |
328,253 |
Charge for the year |
10,246 |
– |
10,246 |
|
------------ |
--------- |
------------ |
At 31 December 2023 |
169,256 |
169,243 |
338,499 |
|
------------ |
--------- |
------------ |
Carrying amount |
|
|
|
At 31 December 2023 |
855,305 |
– |
855,305 |
|
------------ |
--------- |
------------ |
At 31 December 2022 |
865,551 |
– |
865,551 |
|
------------ |
--------- |
------------ |
|
|
|
|
9.
Investments
|
Shares in group undertakings |
|
£ |
Cost or valuation |
|
At 1 January 2023 and 31 December 2023 |
1 |
|
---- |
Impairment |
|
At 1 January 2023 and 31 December 2023 |
– |
|
---- |
Carrying amount |
|
At 31 December 2023 |
1 |
|
---- |
At 31 December 2022 |
1 |
|
---- |
|
|
All investments shown above are held at valuation.
10.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
16,200 |
5,708 |
Amounts owed by group undertakings |
127,050 |
47,606 |
Prepayments and accrued income |
6,256 |
4,071 |
Other debtors |
304 |
523 |
|
--------- |
-------- |
|
149,810 |
57,908 |
|
--------- |
-------- |
|
|
|
11.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
95,197 |
5,724 |
Trade creditors |
10,555 |
8,214 |
Amounts owed to group undertakings |
15,665 |
15,678 |
Accruals and deferred income |
2,471 |
3,660 |
Social security and other taxes |
223 |
834 |
Other creditors |
33,783 |
3,302 |
|
--------- |
-------- |
|
157,894 |
37,412 |
|
--------- |
-------- |
|
|
|
12.
Creditors:
amounts falling due after more than one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
603,138 |
606,843 |
|
--------- |
--------- |
|
|
|
13.
Analysis of charitable funds
Unrestricted funds
|
At 1 January 2023 |
Income |
Expenditure |
At 31 December 2023 |
|
£ |
£ |
£ |
£ |
General funds |
– |
21,652 |
(92,640) |
(70,988) |
Unrestricted funds |
309,463 |
– |
– |
309,463 |
|
--------- |
-------- |
-------- |
--------- |
|
309,463 |
21,652 |
(92,640) |
238,475 |
|
--------- |
-------- |
-------- |
--------- |
|
|
|
|
|
|
At 1 January 2022 |
Income |
Expenditure |
At 31 December 2022 |
|
£ |
£ |
£ |
£ |
General funds |
– |
– |
– |
– |
Unrestricted funds |
370,907 |
26,508 |
(87,952) |
309,463 |
|
--------- |
-------- |
-------- |
--------- |
|
370,907 |
26,508 |
(87,952) |
309,463 |
|
--------- |
-------- |
-------- |
--------- |
|
|
|
|
|
14.
Analysis of net assets between funds
|
Unrestricted Funds |
Total Funds 2023 |
|
£ |
£ |
|
Tangible fixed assets |
855,305 |
855,305 |
|
Investments |
1 |
1 |
|
Current assets |
144,201 |
144,201 |
|
Creditors less than 1 year |
(160,842) |
(160,842) |
|
Creditors greater than 1 year |
(600,190) |
(600,190) |
|
|
--------- |
--------- |
|
Net assets |
238,475 |
238,475 |
|
|
--------- |
--------- |
|
|
|
|
|
Unrestricted Funds |
Total Funds 2022 |
|
£ |
£ |
|
Tangible fixed assets |
865,551 |
865,551 |
|
Investments |
1 |
1 |
|
Current assets |
88,166 |
88,166 |
|
Creditors less than 1 year |
(37,412) |
(37,412) |
|
Creditors greater than 1 year |
(606,843) |
(606,843) |
|
|
--------- |
--------- |
|
Net assets |
309,463 |
309,463 |
|
|
--------- |
--------- |
|
|
|
|