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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Directors' annual report (incorporating the director's report) |
1 |
Independent auditor's report to the members |
6 |
Statement of financial activities (including income and expenditure account) |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
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Company Limited by Guarantee |
Directors' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
22 Donegall Road |
office |
Belfast |
BT12 5JN |
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(Retired
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(Retired
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(Retired
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(Retired
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Auditor |
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Chartered accountants & statutory auditor |
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216/218 Holywood Road |
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Belfast |
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BT4 1PD |
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Bankers |
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University Road |
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Belfast |
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BT7 1ND |
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Solicitors |
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50 Bedford Street |
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Belfast |
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BT2 7FW |
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Director |
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Company Limited by Guarantee |
Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
216/218 Holywood Road |
Belfast |
BT4 1PD |
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2023 |
2022 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
– |
– |
– |
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Other trading activities |
6 |
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– |
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Total income |
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– |
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Expenditure on charitable activities |
7,8 |
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– |
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Total expenditure |
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– |
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--------- |
---- |
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Net expenditure and net movement in funds |
(
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– |
(
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(
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--------- |
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Total funds brought forward |
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Total funds carried forward |
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Company Limited by Guarantee |
Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Tangible fixed assets |
13 |
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Stocks |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
17 |
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Net assets |
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Restricted funds |
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Unrestricted funds |
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Total charity funds |
19 |
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Director |
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Company Limited by Guarantee |
Statement of Cash Flows |
2023 |
2022 |
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£ |
£ |
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Net expenditure |
(49,117) |
(92,155) |
Adjustments for: |
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Depreciation of tangible fixed assets |
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Interest payable and similar charges |
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Accrued expenses |
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– |
Changes in: |
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Stocks |
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Trade and other debtors |
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(
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Trade and other creditors |
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(
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-------- |
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Cash generated from operations |
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(
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Interest paid |
(
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(
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-------- |
-------- |
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Net cash from/(used in) operating activities |
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(
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-------- |
-------- |
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Purchase of tangible assets |
(
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(
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-------- |
-------- |
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Net cash used in investing activities |
(
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(
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-------- |
-------- |
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Proceeds from borrowings |
(
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(
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-------- |
-------- |
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Net cash used in financing activities |
(
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(
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-------- |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
239,600 |
359,603 |
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Cash and cash equivalents at end of year |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Land & Buildings |
- |
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Office Equipment |
- |
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Hostel Equipment |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Insurance Income |
– |
– |
– |
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Deferred income |
– |
– |
– |
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---- |
---- |
---- |
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– |
– |
– |
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---- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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Insurance Income |
19,722 |
– |
19,722 |
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Deferred income |
– |
19,767 |
19,767 |
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-------- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Members subscriptions |
165 |
165 |
342 |
342 |
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Accommodation fees |
753,269 |
753,269 |
590,552 |
590,552 |
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Rent received - Office |
6,250 |
6,250 |
6,250 |
6,250 |
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Rent received - Kitchen |
6,500 |
6,500 |
6,501 |
6,501 |
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Shop profit |
10 |
10 |
109 |
109 |
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Sundry income |
4,860 |
4,860 |
2,690 |
2,690 |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Fundraising trading |
649,683 |
– |
649,683 |
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Support costs |
170,488 |
– |
170,488 |
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--------- |
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– |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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Fundraising trading |
547,379 |
– |
547,379 |
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Support costs |
170,942 |
19,767 |
190,709 |
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Activities undertaken directly |
Support costs |
Total funds 2023 |
Total fund 2022 |
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£ |
£ |
£ |
£ |
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Fundraising trading |
649,683 |
– |
649,683 |
547,379 |
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Governance costs |
– |
170,488 |
170,488 |
190,709 |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible fixed assets |
42,477 |
42,778 |
-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Wages and salaries |
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Employer contributions to pension plans |
9,698 |
9,777 |
--------- |
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2023 |
2022 |
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No. |
No. |
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Number of staff |
17 |
19 |
---- |
---- |
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Land and buildings |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2023 |
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508,828
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Additions |
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2,553
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At 31 December 2023 |
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511,381
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Depreciation |
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At 1 January 2023 |
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508,828
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Charge for the year |
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– |
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At 31 December 2023 |
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65,662
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Carrying amount |
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At 31 December 2023 |
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2,553
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------------ |
-------- |
--------- |
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At 31 December 2022 |
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– |
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------------ |
-------- |
--------- |
------------ |
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2023 |
2022 |
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£ |
£ |
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Raw materials and consumables |
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------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Other debtors |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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– |
Other creditors |
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--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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-------- |
--------- |
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At 1 January 2023 |
Income |
Expenditure |
At 31 December 2023 |
|
£ |
£ |
£ |
£ |
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Unrestricted Fund |
1,734,846 |
771,054 |
(820,171) |
1,685,729 |
------------ |
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At 1 January 2022 |
Income |
Expenditure |
At 31 December 2022 |
|
£ |
£ |
£ |
£ |
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Unrestricted Fund |
1,827,001 |
626,166 |
(718,321) |
1,734,846 |
------------ |
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At 1 January 2023 |
Income |
Expenditure |
At 31 December 2023 |
|
£ |
£ |
£ |
£ |
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Restricted Fund |
370,964 |
– |
– |
370,964 |
--------- |
---- |
---- |
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At 1 January 2022 |
Income |
Expenditure |
At 31 December 2022 |
|
£ |
£ |
£ |
£ |
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Restricted Fund |
370,964 |
19,767 |
(19,767) |
370,964 |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Tangible fixed assets |
1,677,533 |
370,964 |
2,048,497 |
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Current assets |
223,579 |
– |
223,579 |
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Creditors less than 1 year |
(151,488) |
– |
(151,488) |
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Creditors greater than 1 year |
(63,895) |
– |
(63,895) |
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------------ |
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Net assets |
1,685,729 |
370,964 |
2,056,693 |
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------------ |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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Tangible fixed assets |
1,700,077 |
370,964 |
2,071,041 |
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Current assets |
286,153 |
– |
286,153 |
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Creditors less than 1 year |
(147,200) |
– |
(147,200) |
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Creditors greater than 1 year |
(104,184) |
– |
(104,184) |
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Net assets |
1,734,846 |
370,964 |
2,105,810 |
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At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
|
(50,436) |
|
Debt due within one year |
(43,632) |
(1) |
(43,633) |
Debt due after one year |
(104,184) |
40,289 |
(63,895) |
--------- |
-------- |
--------- |
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(
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--------- |
-------- |
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