Charlty Rggl$trallon No. 1001139 Company Registration No. 02553905 (England and Wa1•81 THE LYfTELTON WELL LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE LYTTELTON WELL LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Board Of Trustees P Robinson JP K A Bee¢ffjft C D Boulton P C Hulchlnson R M Rowswell Dr M Harper Dr G W Pooler R Wealherill Charfty numbof 1001139 Company number 02553905 R•gl$tsr8d office Church Street Malvem Worceslershlre WR14 2AY Indep•nd•nt examiner Kendall Wadley LLP Granta Lodge 71 Graham Road Malvem Worcestershir8 WR14 2JS Bankors CAF Bank 25 Kings Hill Wesl Ualling Kent ME19 4JQ LLoyds Bank 48 Belle Vue Terracg Malvefn WorceslershSre WR14 4QG Soli¢itorn Whalley Recordon 12 Worcester Road Malvern Worcestershire WR144QU
THE LYTfELTON WELL LIMITED CONTENTS Page Foreword from the Chalr Board of Trustees, Report Slalemenl of Trustees, rasponsibililies Indepèndent examlnevs rèport 10 Slal8menl of financlal activ6tle8 Balance sheèt 13 staloment of ¢ash flows 14 Notes lo the accounts 15-31
THE LYTTELTON WELL LIMITED FOREWORD FROM THE CHAIR FOR THE YEAR ENDED 31 DECEMBER 2023 The Lyttetton W811 ha8 faced another challenglng year. We navlgated tha anllclpaled change of manag8manl subsequent lo the serial resignations of John Berry, Matthew Jordan ar then Dor88n Miccio. W6 rernember them and honour them for their years of dedicated Se. Sheila Joyce IAc¢ounts and Adminislralion Manegerl joined us in March 2023, and Simon Kemp {Charf(y Dgvfjlopment Leade¢ at the end of Aprll. There was a difficuit hialus between dep8rturo8 and arrivals, a Ilme when Irustsgs ne¢e$sarily became much more involved in hands-on rnanagemenl - and bre81hed 8 sigh of rellef when the new managtsrs setued inl We have been grateful for Ihair hard work, sometimes in lrylng circumstances. Simon has introduced his new managor location sysl8rn,' if we want lo know whether he's in the building, wejusl wail quietly., if we hear no loud laughter lor two minul&s- ha's out. Sgrfousty, the arrival of the now tèam came with a llurry of acllvty., the serfal slokn9ss unlo death of our geriafric computers, followed by Simon's expert rejuvenation of our IT system., and the adoption of a new. much more Inluilive &CuntIng paokBge. Xero, whlch Sheilo uses. We are grateful indeed lo have had such expertlse on hand. {1 arn Sorry lo add here that Shella plans to move on to pastures new In June 2024., she will be hugely Missed and we do wish her well. We 8hall of course be recruiting to fill the big gap she wlll laave.) The Bookshop has rer)pened In the front part of the café, although tt is smaller than il was pre-covld. Awarg of thg changes in how people ac¢es$ r&adlng malarial, we nnVe lo sgok God's guidan on how best lo take th18 facllty forward. We recruited Jo Sessford as Head of Counsellinu. She ha8 both led The Well Counselllng and energelicalty sel about fundralsing for it. with very Signifitranl 8uc¢ess. Th1818 an enUagemant al a tlme of financlal pressure. She has be8n ably assisted by deputies Frances and Emma, and administrator Kathlegn. Th& Service is a real bles3ing lo m8ny people in Malvern who could not otherwise afford professional counselllng, and we are 9releful lo the whole team fr)r Iholr work- remgmberlng and appreryaling tho fact that the majority of the team are volunteers. Speaking of financlal pressures, we have lo a¢knoedge that they have been signifioanl, wllh overall costs Increaslng very significantly. This has ngcessllated carefvlty reviewing and 5impllfylng our procgsses and activities, partlcularw In th& cafe. Very sadly, this has resulted in a few redundancies. Bul 1118 only as w8 stabilise our flnances that wo can conllnue our worf( and Indegd lay the foundation for future developments., whlth I shall addres8 next. We are always mlndful oflhose who 6lnJgglB more than us. 11 Is part of our mlnisty to do what we can lo help those Sn need, and thls is somèthing wo want lo expand. We now hava Food Bank voluntèer8 working with us several Ilmes a week, and over the eornlng year, we plan lo work wth partners lo prowde more community orlenlaled services. as part of our Christian minlslry. Th88è wlll b& servlc$8 seen as valuablo and supported by the local churthès, and which we are well placed to host. The café is an attractNe and welcoming venue, and future InilialNe$ will Include its use in the gvening by small groups, and posslbty café ministry lo those with particular need. In addition, for 2024 w8 envlslon a Town Chaplaincy Se¢0 bas@d al Lylletton Well, lileskills training facilllles and a. we hope, a centralised church volunteer training facility. Th&se 8¢t1lIeS, some of which will utilise the Rooms, will in¢2$e the usefulness of Lyttellon Well lo the communlty, as wen as provldlng opportunty lo ac¢oss funding lo support what we do. Philemon's runaway slave, who Paul asked him to welcome bsck, now as a Chrisb'an brother, was called Onesimus. The name means profitsble., or 'useful". We want to build on our c working with ChurGhes Togelh&r in Malvern to be thei¥ Onesirnus,. lo provKle a v8nu& wh8r8 the lovo of God In Chrfsl Jesus can shina out in various ways to mplement their minlslry. I cannot ¢108e wllhoul re-ileraling that we ftjnction because people are allractèd to glve thelr Ilme, skills 8nd money in various ways and al every level. Walling staff predomlnanlly volunteers,. they welcome in a unique way. Those who wash up. of which l am one, undertake this IP8rt1¢ularfy complex and skilled) task 'as unlo the Lord.. And volunteers man the bookshop, counsel. admlnislrale, welcome, decorate, pray, bak8. aol as trustees - the list goes on. Our paid staff woth hard for not a lol- whlch concgrns me. But we walk on in an attllu(le of grablud&", aware that il 1$ in knowing God's wlll 8nd obeylng il in faith and courage that we will experience H18 blessing. We belleve that the need for a welcoming Chs11an presence on Church Street has nevgr bgen grgaler. Plea88 pray for us as we sgok to improve, and lo be what God wants us lo be. Thank you. mhael Harpar
THE LYTTELTON WELL LIMITED BOARD OF TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Board of Trustees present their onnual report and finan¢lal stalgmgnls for th& year snd8d 31 Decgmbgr 2023. The finandal 5181emtsnls have been prepared in accLsrdance with Ihe accounting polieAes set out in note 1 to the finandal slatemenl8 and comply with the Charity's governlng document, the Companies Act 2006 and "Accounting and R8POrting by Charlllgs.. Slalement of Recommendod Practlc& appllcable lo ¢harflSes proparfng Iheir accounts in aCeknrdan with Ihg Flnan¢581 Reporllng Standard appll¢able in th8 UK and Republlc of Irg18nd IFRS 1021" leffgcllve 1 January 20191. Oblectlve8 and actlvlties The Charlly's oble¢llves as set out in the Memorandum of Association are il the advanment of the Christian religion by spreadlng the Gospel of Jesus Christ., } Ihg r81ief of povgrty, sickness and dlstr888', li) the rellef and rehabllltatlon of the mentslty ill and of disabled persons.. iv} the relief of the aged., vl the promotbn of chadlable work of Lurch8s In Ma&M. In furtherance of the88 oblectlves the carflable o)mpany operates retail oullels, hlres out premlses, provide8 philanthropic services of care for the disadvantaged, and follows olhgr pollcie$ a$ laid down in Ihe Memorandum ofAssocialion. There has been no chang6 in thès9 objectives during the year. AS a charity The Lyttellon Well Limited prowdes a public benefit lo the local communlty by operating the Counselling Servlca which conllnuas lo deal with many olienls and has an ongoing programme of Irainlng lo 6nsure the coun$ellors maintain the standards required by the profession. This important servke continuos lo be funded by The Lyttellon Well Llmi18d and thTough re81iicted donations., we hope that il may be possible lo further resource it from income from trust funds and gtanls. The Board of Trustees have paid due regard lo guldan¢6 I8sued by the Charfty Commission in Ileddlng what a¢tivities.the Charfty should undert8k8. Fulfllllng our GharltablD oblectlvos Vve rewew our aims, objectives and acti118$ each year. This revlew looks al what we have achloved and the outcome of our work In the prevlous twelve months. Th8 r8vi&w looks al tha 8ucce8s of aaeh key actIty and how the work in those activities ha8 helped us lo fijrther our charitable objectives. The results of this review are set out In this report.
THE LYTTELTON WELL LIMITED BOARD OF TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Tho advan¢emont of thg Chrf8tlan rollglon by $prgadlng tho G08po1 of Jesus Christ The bookshop was ¢108gd for the first Quart8r of the year whlle we delemiined whal lo do when face lo face counselling resurned in the UnsellIng 8uile. 11 wa8 then tsmporarily rtrlocaled lo the upslalrs offic•, abov8 the café. 11 will be restored in 2024- albeit as a modest facility . downstair8, with a frontage on Church Stro&L Ihu8 restorlng ils visibility.11 now conunues lo offer holp lo thrlse wllh questions about lrfe and falth, as well as prodIng an orderfng servl¢e lo local ¢hurchos. The café offer3 a welcoming environment, V8ry diflerent fri)m other venues, where 911 comers, IncludSng those who ar9 lonely or troubled in various ways, can f901 comfortable and at home. In addition, we ho81 many vlgltorg lo Malvem. Our volunteers and staff, from over 20 churchos, are key lo the café's unique character. Prayers are Shared by the staff before the Café opens eath day- 8tsmelim&s other8 joln us, a$ well. The Well Counselling continues to be a pracll¢al OUorking of our Christian faith, as an integral part of The Lyttekon Well, and serves the needs of many who can neTthar afford prlvale unselling. nor adequately access semces e18ewhere. We maSnlaln our contacts with Church8s Tog&ther In Malvern, with representatives from several membgr churche8 tsklng positions as Trusl8e8 of Lytteiton Well. We are also a collection point for second hand Christian books. We provKle many boxes per year lo th6 Christian Book Aid charity. who distribute Bibles and Christian book8 for the advancèment of Chrl8llanlty, and oducallonal purposes boih In the UK and abroad, malnly inAfrica. The rel1 of poverty, glckn&s$ and dl8trfr88 The counselling 8ervice pdeS a discounted. skilled, and professional Se¢9 lo those in need of help for varlous reg$ons Includlng anxlety, bereavemenl, stress, relationshlps and many other Is8U88. As noted above, the café also provkles rellef to many peopl&, Includlng mgmbers of the local community who are nely or troubled, as il Is a place where they can be sure of a warm, filendly welcome. The chaplaincy team maintain a fri8ndly and helplul presence in th6 café, Inl8racling with customers and offorlnu support lo staff and volunteers. During 2023 we have maintained an active partnership with the Malvern Hills Foodbank, for whom wo as colledon and distribul'on point. Foodbank volunteers now work with us on sile lo enable thi8 sece. We also provide room8 free of tharge on an occasional basis lo some groups where Ih8re is a dir link to our charitable objectives.
THE LYTfELTON WELL LIMITED BOARD OF TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT} FOR THE YEAR ENDED 31 DECEMBER 2023 The rollaf and rghabllltstlon of tho mentally111 and of dl$ablofl porsot)$ Th6 ¢afa and IOkshOp are slaff9d prlmarlly by about 80 skllled and pa88lonale volunt8èrs, wllhout whom we could not continue to exist, and theso volunteers give the Lyllellon Well a great diversity that is rarely seen in other slmllar establishmen18. Each café and book8hop shift ha8 Its own unique character and prowdes sornelhing different. Through volunteerlng and employment. we are able lo provlde a frlendly envlronment to allow memb8r8 of our communSly lo participate actively and successfully In society and can also help peoplè to rehabllllale thelr Ilves 8nd return to an actlve role In soctety, vdlh work al the Well as an early slep. During 2023, wa have continued lo work with Bridge Training and Development to PTovlde regular work experience in the calé. Further, we are able to indirectly satisfy this objective by providing the spae6 in the Lyitellon Rooms lo a number of charlues and groups who dlr&ctly work In the fields of mental Illne88 and dlsablllty $upporL The reliof of the ag•d Tho café ¢onlinues lo be 8 favouriltr In Malvern for older peopl8, whilè providing a welcoming 8nviTonm8nt for people of all ages. Additionally. wa agaln prowde indirect relief through the provision of our rooms for 6X8rcise c]asses for Ihe active eld8rly, and other Similar groups. Tho promotlon gf Gharltablg work of tho Churches In Malvem The Lyttellon Well works closely wllh Churches Together In maeM. Addillonally. we provlde thè rooms 10 our member churches for use a8 needed, advertise events in our noticeboards throughout the Gomplex, and promote assoctaled events Ihrough the Events Calendar on our website. Tho rooms are uullsgd ga¢h year for Lrfepalh Molv&m and $eparaldy for the Cheinobyl Children's Life-Llne which aro both operated by a Malvern-wtde group of thurche8. Flnancial revi?w Durfng the year incoming resources lolalled £265,73512022 - £291.7421 and resourc8s expended amounted to £286,409 (2022 - £298,098). leaving a deffcil for the year of £20,874 (2022 defifjl of £4,356). This leaves total reseNes flgure al 31 December 2023 of £455.217 12022 - £475,891) of which £81,026 are unreslrfcled funds 12022 £114,331), £17,578 ar8 rèstri¢t&d funils 12022 - £4,947> 8niJ £358,613 are endowment funds 12022- £356.6131. Reserv poll¢y 11 Is the policy of the Charity that fund8 which have not been received as r8slricted for a specific use should be mainlalned at a level equivalent of befvjeen three and six months. of fixed costs. Current unr&stiicted reserves excludSng tanglble fixgd assets ar6 approxlmalely £e3.000. A. Lytlellon Well lex TWCI l. Flxed Costs {'FC'I. In Ihe event that all operations and sources of Income ceaso tt Is estlmalad that ongolng monlhty FC wll be £12,750. Th& current lavel of reserv6s will covèr 4.9 months of FC. 2. Confjnued limited operallon. On the basls that the café and bookshops conllnue lo operate bul other sources of Income Ilettings and donafjonsl caa8e, then it Is eslimaled that currant r888rv8s are suffian1 for 9 months. . The Well Counselling ('TWC°I Current cash reserves restricted ft)r TWC use ar6 approxSm818ly £11,300. Some of these are grants further reslrlcled lo TWC salary use onty, however In the event that all other income other than fees cease, TWC can cfjntinue to fulty operate for al least a further 12 months.
THE LYTTELTON WELL LIMITED BOARD OF TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 31 DECEMBER 2023 Prlnclpal Fundlng Sour¢o8 The Café. The cafè produced surplus of £34.78012022.' surplus of £26,831) afiar (#)8t of 8ale8 and dlre¢tly allribulabl8 sa18rles, After allocating support co$l8, govgrnancg costs and depreciallon, tha café produced a surplus of £2,89012022.' surplus of £3,445). Thg Bookshop. the bookshop produced a deflcll of £5,091 12022.. a defic of £4,63713ftor cost of salgs and dlr8Ctly attributable salarias. Aftar allocating support oosts. govemance costs and depre¢181ion, btsokshop produced a deflal of £21,80312022'. a defkh of £18,487>. Room$. Letting incorne Irom the Lyllellon Rooms in 2023 was £28,83912022.. £23,988). After alloc8lion of support costs, governance costs and depreciation, the lettings function Giintribuled a deficll of £4,829 {2022.' a deficit of £490). Well Coun¥elllng. CounBelling InMe IRe8lricled) was £23,202 (2022.. £21.402}. Th18 resulted in a defioll after direct expenses of £7,29812022'. a dofi¢K of £9.5371. After awiunling for allocations of support ¢os18, governance co81$ and depredallon, the counselllng department contributed a lotal deficit of £19.79612022.' a deficll of £19.171}. Durfng 2022. cx)unselling department income b8nefllled fiom a grant of £500 from Malvern Town Council Unrestrictèd donatlons. Unreslrfcled don8llon8 were £25,72112022.' £25,274). G0ManCe and support •xpon8•8 locable governance and support expense8 Intrred in the year ware £93,332 compar9d lo £69,787 in 2022. Rag•rv88 cash and investment policy The charity has conllnugd lo lako 8 prudonl and low rfsk approach lo our valuable cash Teserves. In the Current uncertain dimale this 1$ seen 88 partl¢ularly Important and consequenuy all reserves are held In cash deposits. 11 has been Ihg policy of Trust&8S to rin*f6nc8 £60.QOO of reserves for access only with the agreement of the Executlve Commltt89. The balanc& 18 used lo fund working capital fluctuations throughout the year. Over Ihe188t 12 months p8rmisslon has b66n given lo draw down £10,000 of Ihe88 reserves lo mog1 thg increased working capit81 requirem8nl, A separdle bank acetsunt Is malnlalned forfunds reslricled for counselling use.
THE LYTTELTON WELL LIMITED BOARD OF TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Plan$ for the futurtr Thg Trustees conslder the charilvs ongoing n8eds al &8ch oflhelr meellng8, whlch are held every two months. In 2022 an Ex&culivg Committ88 was sol up consisting of both Trustees and key management which me&ls monlhty lo provlde leadership on more presslng operational issue5. Thls forum has been partlcularly useful over the perlod ol management changes, meellng moro froquenlly a5 necessary lo address issues as they have arfsen. As has been noted in the Chairman's Report, the Wall is in the process of undergoing Significant change, and there will be challenge5 ahead as we explore new opportunllles to lake Lyttellon Well forward Into a new season. Som8 01 Ih&sg thalleng06 and opportunities are noted bel. a. Th• bookshop. The b<)okshop hag a koy ro18 in fulfilling the Charivs aims and objectives, bul we have lo 8ckntsedge that it has lo adjust to the limes. SlgnKlcanl progre$8 has begn rnade in re-eslabli8hing the bookshop downstairs in the main buSkllng by rearranging café tables. Salo$ have continued every month thi5 year, and we shall be looklng al how w& can 8611 good and excellent pre-used Chrislion books at attractlve prIs. whilst rnaintsining a baslc new 8lock, and card and small gift sales. Llnkg wlth member churche8. In raconl years the relaonshIp beNveen the Well and its founder churches has not been as strong 8$ It mlghl bo. However, Simon Kgmp Icharity Devolopmenl Leaderl has taken opportunilles lo refresh these relalion8hlps and over the comlng year we shall b& prioritizlng worklng with church leaders lo ensure that we arts doing those things which complamenl and assist in th&ir ministry. R080urce8. Whilst the Café makes a modest profil, Ihg Charf(y oontinues to rely on donations as well as a supply of volunteers to support Ils operation. Rising costs ol employmonl, spikè in fuel prices as well as general Inflationary costs have pul Increaslng pressura on our flnances and Trusleos arg awar¢ of the need lo diversify income streams without compromising the Well's charilablo a¢tivllles. W6 $66 the way fonard as Careful reduction and control of costs and then, Wtth our partnars, idenllfylng area8 of ministry whlch by virtue of ¢ommunlty banefit open opportunity lo attract trust funding. We constantly rgm&mb&r, howavar. that discerning and following Ihe Holy Spirit's leadlng Is of absolutety prlmè Imwrtanc8 and Is our raison d'elre.
THE LYrrELTON WELL LIMITED BOARD OF TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Structurn. govèrnance and manag•mtrnt The charty, incorporated on 3181 October 1990,18 a company limlled by gu8ranl8e governed by Ils memorandum and articles ol association. The o)mpany is 8 registered tharlty- Thgre Is an andowmenl fund that rgffl8cts the Lyllellon KÈll buildings that will revert lo the DFDcese on Vaca0n. The Btrdrd of Trustees {director8} is appoinl8d by the members In general megling. The Board of Trustees, who are also Ihg dlroctors for the purp08e of company18w, and who Served during the y8ar and up to the dal8 of Signature of the finandal 818l&m&nts wère- The Board of Trusl888, who are also the dSreclors for the purpose tsf company law, and who s&rvod during th8 year and up lo the dale of signature of the financial slalemenls were.. P Robinson JP K A B8ecroft C D Boulton R H Fletcher KA Horwood P C Hutchinson R M Rowswell Revd J Saundèrs Dr M Harper Dr G WPooler R Wealherill (Resigned 13 Febwary 2024) (Resigned 21 August 20231 (Reslgnod 2 April 20241 None of the Board of Trustees has any ben&fidal Interest In the company. All of thè Board of Truslges ar6 rnembers of the Company and guarantee lo contribute £1 In the event of a windlng up. The members govèrn the general policy of the Company. The Board of Tru8lee8 dlrectg the the charitable eompany's affairs in such a way lo promote118 objects. The Executive Committee compri8lng of both m8n8gemenl and appolnlees for the Trusleo Board is rgsponslbl¢ for ovorseeing thg operational implem6ntation of the Board's policies and respondlng lo short tgrm i8sues as they arlse. The managers ar9 responsible for the day-ltsday mallers of the chaflty. Thwe are no speclflc reslrSctlons imposgd by the governing document concarnlng the way the ¢harf¢y can OP8rale.
THE LYrrELTON WELL LIMITED BOARD OF TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 RecrullmentandAppolntment of Board of TteeS A lisl of nacessary business. governan¢8, counsèlllng and oulmoch skills is maintained and Teviewed regularly as part of the annual rfsk as808sm8nl. Indlvidual Trustee resptsnsibllitles are Identified and allocated based on each member's parleular 8k1118. Where the necessary rllix of skills is found to be lacking, for example due lo relirernenls, apwoprtalely qUal1&d individuals are approached lo offer Ih8ms8lves for elaction to the Board of Tfuslees. Trust¥e Indu¢llon and Tr4lnlng Most new Trustee8 IdiTectOT%I are already famlllar wlth parucular aspects of the practlcal work of th8 charfly as volunteers andlor company rn&mbers. Addlllonally. the chalmian of the Board of Trustees brlets each n&w Tru6109 on the legal obllgalions of trg Board of Trustees {diredorsl, Ihg maln do¢umenl$ which $91 out the op&rall¢n framework of tha charity, the current nandal posStion and thé charity's future plans and oblectlve8. To supplement this Inductlon, n6w Tru$lee8 are provided with a copy of the Charity Commission's publicalion'The Essential Trustee. as well as a copy of Memorandum andArticl&s ofAssOcialn and the lalesl linancAal statement5. Rlsk hlanagem•nt The risk mallagemenl plan Idanlifi'e8 area of risk and wher8 appropriate e81ablishe8 systems and procedures to miligale major risks lo which the charity is exposed. The charfty'$ strategic plan Is re8w8d annualty lo gnsur@ thèrg Is suffldenl dlverslficalion of actmlles and funding. Inlemal ¢onlrol rfsks are mlnimlzed by the Implemgnlallon of procedurgs for authorvzalion of all ban8actlon8 and projects. The charity has procedures in place lo ensure compliance with health and safety legislation affeding staff. cuslom¢rs and visitors. These procedures are reviewed annually. The charity has a pollcy for the protectaon of chlldren and vulnerable aduns. Thls ptslicy is red annualty. A91 ¢OVgT for funds Note 24 sets out an analysis of the assets allribulable lo the various funds and a of the fund8. Thes8 assots aro sufficignl lo meg1 the charity's obligations on a fund by fund basis. Audltor In a¢cord8nce w6th tho comp8ny'8 articlgs, a re801uUon proposlng that Kendall Wadley LLP be reappoinled as auditor of the company wlll be pul al a General Meellng. Dr M Harpor Trustee Dated.. 18 May 2024
THE LYTTELTON WELL LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, who are also the dlrectors of The Lyttetton Wall Limlted for the pu088 of company law. arg responsible for pr¢poring the Trustees, Report and the accounts In a¢cordanc& with applicable law and Unft8d Klngdom Accounting Stsnilards (United Kingdom Generally Accepted Accounllng Praclicel. Company law requires the Board of Trustees lo preparg aount$ for each financial year whlch glvg a true and fair view ol the stale of affairs of the Charity and of the Incomlng resoUrS and applicallon of re80urces, indudlng Ihg Incom8 and axpandilure. of tha charllable cornpany for Ihal year. In prepartng Ihe8e 8ccouril8. the Board of Truste08 are required to.. sglect suitable accounting policies and then appty them ¢on8islently', obseNe the methods and principle8 In the Charltles SORP,. make judgements and esllmates that are reasonable and prudent., slate whether applicable UK A¢¢ounllng Standards have been followed. subject lo any materfal departures disclosed and explained in the accounts.. and prepare the 8C(x)unt$ on the going con¢&rn basis unless il Is In8ppropriate lo presume that the Charty will conllnue in oparatlon. The Board of Trustees are responsible for keeplng adequate a¢counUng records that disclose wllh rtsasonablè accuracy al any tlme the finandal posiuon of the Charity and enable them lo ¢n$ur¢ that the accoun15 comply with the Companlgs A¢t 2006. They arg also r&sponsible for safeguarding the assets of th8 Charity and hence for laklng rea80nab18 81ep8 for the prevention and detecuon of traud and other irregularili88.
THE LYrrELTON WELL LIMITED INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF THE LYTTELTON WELL LIMITED I report lo the Board of Tru8tee8 on my exaMInaOn of the flnanclal slalements of The LylIeon W811 Limited Ilh Charilyl for th8 ye8r ended 310ecember 2023, which are 881 out on pages 11 to 31. Responslbllltles and basls of report As the Board of Tru81ee8 of the Charlty land al80 Ils dlrector8 for the purposes of comp8ny lawl you are responsible for the preparaOn of the linancial 81atements In accordance wllh the requlrements of the Companlès Act 2006 Ilhe 2008 Acti. Havang satisfied myself that the financial slalemenls of the Charity are not Tequired to be audit1 undeT Part 16 of the 2006 Act and are eligiblo for independent examination, I report in resp8¢1 of my oxaminalion of the Charity's nancial statements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Act). In carylng out my examlnallon I have followed all the applicable Directions given by the Charity Commission under section 14515llb) of the 2011 Act. Independènt examiner's statèmènt Slnce the Charlly's gr08s income exceeded £250,000 your examiner musl be a member of a body listed In seclSon 145 of the 2011 Act. I conflrm that l am qualKied to undertake the examlnatton because l am a membar of Institute of Chartered Accountants In England and Wales, whlch Is one of the listed bodles. I have completed my ex8mln8tion. I confirm Ih8t no matters have come to my attention In Qonnectlon with the examinatoon givlng me cause to belleve that In any material Te8pect'. accounting records wore not kgpl in respect of tho Charity as required by section 386 of the 2006 Act., or tho finanGial slalemenls do not accord with those reGords', or the financlal 818lemenls do ntsl comply wh the accounting requlremenls of 8ectlon 398 of the 2006 Act other than any requlremènt that the accounts gfve 8 trLte and falr view which18 not a m8ller consldered 88 part of an Indendent examination., OT the financlal Stslemenls have not been prepared In accordance vAlh the method8 and princ188 of the Slalemenl ol Racommended Pr8Ctlce for accounlng and rèportlng by charfle8 appllcable lo ch8rfU88 preparing thelr accounts in accordanco with the FlnanGial Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 1021. Iha sh no rn8 and have come acros8 no other matters in connection with the examination lo thich attention In th18 rep)rt In ord8r to enable a proper under8tandlng of th8 finanaal stslements lo be reached. Id eth Needham ACA CTA (VAT) Kendall Wadley LLP Granta Lodge 71 Graham Road Malvem Vlbro$tershir@ R142JS Dated.. 16 May 2024 10-
THE LYTTELTON WELL LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Currgnt flnanclal yoar Unrestrlcted Restricted Endowment funds funds funds 2023 2023 2023 Total Total 2023 2022 Notgs Voluntary income Charitable aciivllles Othèr tradlng activllle8 Investment income othar Income 25,721 16,927 198,688 1,197 22,762 48,483 16,927 199,128 1,197 45,138 48,281 194.003 320 4,OQO 440 Total Income 242,533 23,202 265,735 291,742 Ex 8ndltura o Raising funds 204,681 204,681 190,754 Charitable activities 71,157 10,571 81.728 105,344 Totsl rosourG9¥ expendèd 275,838 10,571 286,409 296,098 Net lexpondlturelllncome for the yearf Net movement In funds 133.305) 12,631 120,6741 14,3561 Fund balanc8s al 1 Janu8ry 2023 114,331 4,947 356,613 475,891 480,247 Fund balances at 31 Decembgr 2023 81,026 17,578 358,613 455.217 475,891 The statsment of financial actiwlios includes all gains and losses reeognlsed In the ye8r. The slalement of ffnancial acllvllies In¢lude$ 811 galns and10$s88 re¢ogni8ed In the year. All Income and 8xp8nditure derivo from contlnuing 8ct(vltl8s. The slalernonl of financial activiligs also com105 with tho requirements for an Income and expenditure account under the Companies Act 2006. 11
THE LYrrELTON WELL LIMITED STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Prior financlal year Unrnstricted Rostrlcted Endowment funds funds fund8 2022 2022 2022 Total 2022 Mots¥ e and ondowmants from: Voluntary Incorne Charltablg activilfe8 Other trading 8¢tlvllles Investment incomg Other Income 25,274 48,281 192,465 320 4.000 19,864 45,138 48,281 194,003 320 1,S38 Total Incom• 270,340 21,402 291.742 dituro on: Ralslng funds 190,754 190,754 Charllable actiwlies 82.698 22.846 105.344 Totsl mources expendod 273,452 22,646 296,098 Gr985 Iransters between funds {1,2141 1,214 Net lexpendTturelllncomo forthe yearl Net movement in funds {4.3261 {301 (4.3561 Fund b8lance8 at 1 January 2022 118,657 4,977 356,613 480.247 Fund balanc98 at 31 Dg¢embor 2022 114.331 4.947 35e.613 475.891 The stslemenl of Iln8n¢i41 activilvds includes all galns and10s8es re¢tsgnS88d In the year. The stalemgnl of ffinanclal advllles inoludes all galns and lo$$¢s recognlsod In Ihg ygar. All Income and expendllure derlve Irom conlinulng actlvllle8. The slalement ol financial adivthg$ also complies with the requirements for an income and expenditurg arLount under the Companies Act 20. 12-
THE LYTTELTON WELL LIMITED BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Notss Flxed aB8ets Tangibla as8818 Curront 088ot8 Stocks Debtors Cash al bank and in hand 17 373,989 378,671 18 19 13,124 5.513 81,795 13.218 8,595 95,271 100,432 117,084 CredStors'. amounts falllng duo wlthln ona y&ar 20 {19,2041 119,8641 Nel current as8els 81.228 97.220 Total a8$ets lu• Current Il&bllld8s 455,217 475,891 Capltal funds Endowment fund8 Income fund8 Rèstricted funds Unr&slricted funds 21 356,613 356,613 22 17,578 81,026 4,947 114,331 455,217 475,891 The company is entitled lo the exemptlon from the audll requlremenl contslned In section 477 of the Compan188 Act 2006, for the yoar endod 31 Dgcember 2023. Th& membeis have not requlred the company lo obtsln an 8udlt of financlal statements for the year in qu6sllon In 8ccordanca wllh section 478. The Board of Trustees a¢knowl¢dge their responsibllilies for en8urlng that the L*8iity kegp8 accounllng record8 which comply with 8ecllon 388 of the Act and for prep8rlng financlal statements which give a true and fair view of the slate of affairs of Ihe company as at the end of the flnan¢ial year and of ils incoming resources and appllcation of resourc8s, induding Ils income and expendllure, for the linancial y&81 in accordance wllh the requlremenls of sections 394 and 395 and whlch othe1$9 comply wllh the requirements of the Companies Act 2006 ralatin9 10 financial slalementS, 80 far a8 applloable lo the company. Th688 flnanclal 81alemenls have bgon prgpargd in accordance with the prowsions applicable ID ¢ompani6s subject to the small companies reglmo. The accounts were approved by the Board Of Trustees on 18 May 2024 Df DA Harper Th18ts9 Company Roglstratlon No. 02663905 13-
THE LYTTELTON WELL LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Nots Cash flovm from operatln9 actlvltlos Ca8h labsorbed by}Igenerated from operations 112.752) 590 Inve8tlng a¢tlvltlè8 Purchase of tangible fixed assot8 Interest received 11,9211 1.197 11,3701 320 Not ¢a8h usod In Invostlng actlvltlos 1724) 11,050) Not cash used In fln8n¢lng a¢fjvltle8 Net decrease in cash and cash equivalents 113,476) {4601 Cash and cash WUalnIS al begSnnlng of year 95,271 95,731 Ca#h and cash equlvalents at end of year 81.795 95,271 14-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcl Charfty Inforn)atlon The Lytletton Well Limited is a private company limited by guarantee incorporated in England and Wale#. The reglstered offic8 Is Churth Str891, Malvèm. Vitjreeslershlre. WR14 2AY. 1.1 Aecounong convention The flnanclal stslèmenls have been prepared In ac¢ordan¢e whh the Chaty,8 memorandum and artidgs of as8OallOn, the Companles Aot 2006 and 'Accounlinu and Reporilng by Charllle8'. Slatemanl of Recornmanded Pra¢tke applicable to oharilies preparing their accounts in a¢cordan¢e with the FinancAal Raporting StandArd applicable in th& UK and Republic of Iraland IFRS 1021" (as 8mendod for accounting partods Commendng from 1 January 20191. Th8 Charlly18 a Publlc Banafil Entlly as deflned by FRS 102. The finAn(#818talemenl8 are prepared in stgrting, whl¢h is the ftJn¢tional ¢urrgncy of the Charity. Monetary amoun18 In these financial 81atements are rounded lo the nearest £. The occounls hava been prepad under th8 historical st convgntion, the leasehold property being carried at deemed value upon endowmanl to the charKy (Note 151.The prlnc4pal accounllng p)Ilcles adopted are sel out below. 1.2 Golng con¢gYn At the lime of appToMng th9 finanryal $lalemfynls. the Board of Trustees have a r8a6onabl8 expectsllon that Ihg CharSty has adequate rtrsour¢es lo ¢onllnug In operallonal oxlstenc¢ for the fores&&able future. Thus the Board of Trustees conllnue to adopt the golng concem basis of accounting in pr8paring Ihe financAal slalamanl8. 1.3 Chafftable funds Unrestricted funds are available for use 81 the dlsuelion of the Board of TNslees In furtherance of thèir charflable obiective8. Restricted funds repres8nl funds r8c8tvod by the charity that have be&n given for a specific purpose imposed by the donor. Endowed funds represent the value of buildings 9Sfte(I by the Dlocese on commencemgnl of the charfty. 1.4 Incomlng re80urce8 Incom818 cl)gnIsed when the Charlty Is legally enlRled lo11 after any perfomance conditlon8 have beon met, the amounts can be measured rellably, and il is probable that Income will be received. Cash donations ar6 rfy¢ognisgd on receipt. Olh&r donations are recognised once the Charity has been nolTrled of th8 donatlon, unles8 perfomanca condillons iequir8 daferral ol the amount. In¢om& lax re¢ov8rable in relation to donations receivad under GiftAid or deeds of covenant is recognised at the time of the donallon. Voluntary income is re¢ognlsod a8 an In¢omSng resource when feceivable, exekpl Insofar as when tt Its Incapat4e of financlal mea8ur8ment. Act11 for generallng funds ino)me Is recognlsed on recelpl as thls18 when11 becomes mea8urable. Inve$lmenl income Is Included In the SOFA In the year in which il is r9ceivabl8. Legacle8 are recognised when there is reasonable probability that the bequest will be received. Govemm6nl grants are recognlsed as an Sncomlng Source whgn recelvable. 15-
THE LYTfELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Icontlnuedl 1.5 Resources gxponded Expenditure is recognl8ed On there 18 a legal or constructe obllgatlon lo Iran8fer economlc benefll to a third party, 11 is prObae that a transfer of economlc benefflts wlll be requlred in $8tt18menl, and the amount of th8 obligation can be measured Teliably. Expenditure 18 ¢la$slfied by 8¢tlvlty. The costs of each actthty arg made up of the totsl of direct costs and 8hared co815, including support Costs involved Sn undertaking each activlty. Dlrecl co81s allrlbulable lo a Slnglo actiwly are allocalgd directly lo that activity. Shared costs which contribute to tnore than one activity and support costs which are not allribulable lo a singl¢ activity are apportioned beeen those activities on a ba818 oonslslenl vllh the use of resources. Central $laff costs are allocaleil on the basis of Ilme 3pent, and doprg¢ialion ¢haroes aro allo¢al8d on the portlon of the assot's use. All expendllure Is Included on an 8c¢wals bas18 and 58 recognlsed when there 1$ a legal or constructive obligation to pay for expenditure. All costs hav& b86n dlreclly attributed lo one of the fvnctlonal categorles of resources expended in the SOFA. The Charity is registered for VAT and accordlngly expendlture Is shown net of rerK)verable VAT. 1.8 Tanglble fixed agsets Tangible fixed a8se18 are Inillally measurod at Cost and sub8equenlly mèasured at cost or valuation, net of deprecAation and any Impaimienl108se8. DeprerAalion Is recognised so as to write off Ihe cost or valuation of assets les$ their resldual v8luas over their useful lives on the following bases- Lgasghold proparty Plant and machinery Flxtures, fittings & eqLEipmenl Offlee rnachinery not applicabla over 5 10 20 years as appropriate on cost ovèr 5 10 10 year8 as appropriate on cost ovèr 3 yaars The gain or 1038 arising on the dlspo881 of an asset 18 delemined 88 the dmferencg b&lwe&n th• sale Prowds and the carrylng valu8 of the asset, and Is re¢ognlsed In the slalement of finanoi81 actlvllles. 1.7 Impalm)gnt of flxod assets At each reporting end dale, the Charity review8 the carying amounts of its tangible asset8 lo determine whether there is any indication that those assets have suffered an impairment 103s. If any 8uch indi¢alion exlsts. the recovorable amount of thg assgt is esllm8led In ordgr lo determina the extent of the impairmgnl 1088 {if any). 1.8 Stocks Stock8 are slated al the lower of cost and estSmatod solllng prfc6 less costs lo complete and sell. Cost comprfses direct maltsrials and those overheads that hav& been incurred in brlnging th& Stocks lo Iholr present location and condition. Ilerns held for distribution al no or nominal con8ideralson are measured the lower of repla¢ement cost and cost. Net realisable value is the es1im8ted Selling pre less all estimated c081s of complellon and costs lo be incurred In marketing, selling and dlslribullon. 1.9 Cash and cash equivalents Cash and cash equivalen15 indudg cash In hand, dep08118 held al Call with banks, and other short-tgrm liquid Inve8tments with original malurft1è8 of threè months or less. 16
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Aceountlng pollclos Icontlnuadl 1.10 Flnanclal Instruments The Charlty has olected lo appty the provl8lon3 of Section 11 'Basb Flnanclal Instruments, and Sectlon 12 'Other Flnanclal Instrumènls16SUe8' of FRS 102 to all of ils financlal insfrum&nl8. Financial instruments are recognl8od In the Charltys balance 3heel when the Ch8rify oMe$ party to the conlractual provistons of th8 instrument. FlnanL¥al assets and Ilablltties are off8el, wlh the nel amoun15 Presented In the finanrjal statements. when there is a legally enfofceable right lo s&1 off the recognisgd amount5 and thera is an inlenlion to sallle on net ba$Ss or lo reallse Ihg 888el and 8ettle the Ilability slmultaneously. Baslc flnanclal assots Basic financial assets, whlch includ8 debtors and cash and bank balanc88, are initially measured al transaction price including transacllon ¢osts and are subsequentty carried at amortised cost using the eff6Ctlve Interest method. Flnanclal a8se18 dasslfied as recelvable wkhln one year are not amorUsed. Basic financialliabilities Basic financial liabilities, induding creditors are initially recognised al transaction price. Financial liabilities dassifled as payable wtthin one year are not amortis&d. Trad8 ¢redltors ar8 obllgallons lo pay for goods or seTrices that have been aquired In the ordlnary course of operations from suppllers. Amounts payable are classifled a8 current liabillties if payment is du& wllhln one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measur&d al amortis&d C$1 using (he effective interest method. DerEcognition of financial liabllldos Flnan0i31 liabllllios aro dere¢ognlsed wh8n tha Charlly's contractual obllgallons explro or are dlsd)arged or Lancellad. 1.11 Employeg bgnollts Th@ cost of any unused hollday glltlll&mgnl18 recognlsed In th8 pgrlod in whlth the employee's servlces are rece1v. TerMInaOn benefits are recA)gnlsed Immediately as an expensg when the Charfty is demonslrdbly committed lo lermlnalg the empk)yment of an employeè or lo provld& termlnallon bengfits. 1.12 Rgllroment bgneflts The ¢harllable compony operates a defined conlrlbullon penslon stheme for eligible empk>yee$. The a98els of the 8chem8 w511 be held 8ep8ralely from those of the company In an Independenuy admin18tered fund. The pension cost charge represents contributions that are payable to the fund and amounted lo £4,65512022 £4,851). Al the year end pension conlrlbullon8 01118tandlng and Included In other creditors arnounled to £nll {2022- £nS11. 17-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Voluntsry income UnreBtrlctod Rgstrlctgd fund8 funds Total 2023 Total 2022 Donations and gifts 25,721 22,762 48,483 45,138 For the yoarondgd 31 Docembor 2022 25,274 19,864 45,138 Charltable actlvltles 2023 2022 Book8hop income 16,927 48,281 For the year onded 31 Dacombgr 2022 2022 BookslK)p inLX)me 48,281 Analy8Is by fund Unrgslrfcted fund8 48,281 Income from other trnding actItieS Unrostri¢t•d R•$td¢tsd funds funds 2023 2023 Total Unr08trictod Rostrlctod fund8 funds 2022 2022 Total 2023 2022 Fundrai81ng trvents Cafa Roomlgttlng income 440 1,440 168,849 28,839 3,355 165,122 23,988 1.538 4.893 185,122 23,988 168,849 28,839 Other Iradlng 8clThiities 198.888 440 199,128 192,465 1,538 194,003 During the year, Great Ma&m Priory contributed £7,200 {2022 - £7,200) towards the runnlng costs of Ihg Lyttellon Rooms under the joint Operating Agreement with the charty for usè of the that bulldlng, of which £nil (2022- £Nill w4$ roslrictgd lo the Rooms Malnlgnance Fund. 18-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 In¢ome Irom Invg$lm•nts Unr•8trlcted unrtI1¢d fund$ funds 2023 2022 Inlgresl receivable 1,197 320 Othfrr In¢omg Total Unrestsicted funds 2023 2022 Government grants & JRS sch&m8 1tr-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Raising funds 2023 2022 Fundraisin Fundraising evgnls ic 864 1,890 Café - dlrect ¢081 of goods sold Staff costs Deprec4ation and impairnienl 50,656 87.782 6,007 54,520 86,480 3,216 Costs oflradlng 144,445 144,216 Shar8 of support and gov9mance costs 59,552 44.e48 204,681 190.754 -20-
THE LYrrELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charltablè actlvltlos The W•ll communlty Outr¢ach Bookghop Coun$olllng Support and foodbank Total 2023 Totsl 2022 staff costs Depreclatlon and mpaimgnl Dlrecl axponses DSre¢t expBns8s- prO810n of faclllties Outrga¢h costs Sundry expensgs Cost ol goods sold IT costs 18.498 14,084 32.582 42,442 112 597 5,548 276 5,298 5,548 20 20 265 933 7,164 839 285 1,857 1,269 933 7,164 659 180 999 25,644 20 265 22,019 47,948 80,205 Share of support costs (sea not& 101 Share of governance costs (see note 1Ql 11,794 4,571 14,951 31,318 23,846 704 1,760 2,464 1,293 38,142 20 4.836 38,730 81,728 105,344 Anal19 by fund Unrestricted funds Reslri¢t8d funds 27,838 10,308 4,571 265 38.730 71.157 10.571 38,142 20 4.836 38,730 81,728 21
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 CharttablB actlvltlo$ Icontlnugdl Forthe yoar fjnd 310•camr 2022 Unre51ricled funds 14,274 Restricted funds 20,789 3,654 1.857 84,770 82,698 22,648 35,063 5.511 64.770 105,344 Description of ¢haritable a¢tivities The Well Counselling The Well Counselllng is a long-esiablished ¢oun$elllng 9grvl¢e based in tho centre of Great Malv8rn. We providè a saf8, confidantial placa 10 gxplore issuos which ¢au8e distress or dlffkulty. Community Support Ad)aplalncy 89Nlce offers pr8yer and support lo those who ask. Outreach and foodbank The Lyttellon Well is a colle¢tton and distsibulion centre foi the Malvem Hills Foodbank. Prov(sion of fadlS1Ses The Lyllgllon Rooms provid9 a vgnug for a varSgly of communty related actlvltle8. Bookshop The provlslon of fahh educatton through the opèration of a bookshop to promote the advarement of Christian religion. -22-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Supportcogts Support Governancg ¢ts costs 2023 2022 Ba$1¥ of allocailon Staff costs In8ur8nce Light and heal Repairs and maintenanr Rale8 Cleaning, health and safety Office and communications costs Volunteer co818 ank char088 Computer 8xpen8es Genaral axpenses 36,426 5,064 13,285 5.130 1,875 10,854 2.771 90 3,713 6,253 832 36,426 5,064 13.285 5,130 1,875 10,854 2,771 30,478 Activity 4,072 Activity 9,120 Activity 3,666 ActIty 2,756 ACtIty 7,048 Activity 2,037 AclSvity 149 AclSvNy 4,275 AclSvity 2.259 Aclivity 235 Athlty 3.713 8.253 832 Audit fe8S Legal and professional Othef govemance cost8 4.372 2,668 4,372 2,688 2,931 Govemance 53 Govemance 710 Gov¢rnanr 86.292 7,040 93.332 89,787 Analysed between Trading Charltable acuvities 54,976 31,316 4,576 2.464 59,552 33,780 44,848 25,139 88.292 7,040 93,332 69,787 11 Ralblng fund8 - $UPPOrt and goveman¢e c08ts by a¢tlvl 2023 Lgttings 2022 Lettin9# Café Cafe Depr8cialton Support costs Governance costs 2,228 27.200 2.464 3,781 27.776 2,112 1,288 20,805 1,293 1,928 21,442 1.108 31,890 33.869 23,386 24,478 12 Taxatlon The charity is exempl from taxation on cartain of its activitles because the Income Is appli for ¢harV(ablo purposes. -23.
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Not movgmont In fund8 2023 2022 Th8 net movement In funds Is stated after charglngllcredlllngl.. Fees payable for the indepèndent examlnallon of the charity$ finandal statements Depreaatlon of owned 18nglbl8 fixed ass6ts Los8 on disp08*1 of tanglble fflxed assets 4.372 3,732 2,872 2,931 3.492 14 Employo0# Numbèr of omployees The average monthly numbèr of &mployees during the year was: 2023 Number 2022 Numbei Management Sloff 17 18 20 21 Employment costs 2023 2022 W8ggs and salaries Social $$curity costs Other pension costs 148,284 3,851 4,655 152,554 1.993 4,851 158,790 159,398 Induded in the above are fee3 ¢f £21,930 (2022: £14.1711 paid for the prowsion of ¢oun8elling 8ervlc88. The average number of pald staff on a full lime equivalent basI8 during the ygar was 612022.. 61 Thare were no employees whose annual ramuner811on was £60,000 or morg. 15 Board OfTrustses None of the Board of Trusle8s lor any persons ¢onnectèd with them) recglve(l any r&muneration or benefits from the Chaiity during Ifie year. No {2022- one) truste8 was reimbursed expenses of12022- £76) during the yaar. R Wealh8rlll is also a trustee off Great Malvem Priory, Ir8nsaotions with that entsly are as disejosed In note 4. -24-
THE LYrrELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 R•Or¢m&nt bon•fit$¢h¢m•s 2023 2022 Doflngd contrlbutSon schgm88 Charge lo profrt or1088 In respect of defined contribution schom68 4,655 4,851 The Charity operal&s a dofined Conlribullon penslon scheme for all qualifying 8rnployee8. The assets of the schem6 ara held sèparately from those of the Charity in an independently administered fund. 17 Tanglblo flx9d a$sots LeaBohold proporty Plant and machlnèry F1r89, ffitlngs & oqulpmont OINc• machSnory Total Cost Al 1 January 2023 Additions Disposals 356,613 33.21)0 54,135 83 13,2761 8,839 1,838 (7281 452,587 1,921 16,1031 12,0991 At 31 Decembar 2023 356.613 31,101 50,942 9.749 448.405 D•pr•¢latlon and Impalm*nt Al 1 January 2023 Deprec4alion charged in the year Elimlnat6d in respect of disposals I7,9 1,966 11,3481 48,019 1,275 11,3471 8,208 491 153n 73,916 3,732 (3,2321 At 31 December 2023 18,307 47.947 8.162 74.416 Carrylng amount Al 31 Deo¢mbgr 2023 356,613 12,794 2,99 1,587 373,989 At 31 December 2022 356.813 15,511 6,116 431 378,671 18 Stocks 2023 2Q22 Book sto¢k Café and olhar stocks 10,425 2,899 10,849 2,369 13,124 13,218 -25-
THE LYrrELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Debtors 2023 2022 Amounts falllng due wlthln on• &r.. Trade debtor5 Other debtors Pr8p8ymenls and accrued income 2.022 1,220 2,271 4,971 1,423 2,201 5,513 8,595 20 CrodSiors: amounts falllng du• wlthln on• yèar 2023 2022 oth.er tsxalEon and soclal security Other creditors Accnjols and defeThed in¢omo 7,64S 9,013 10,506 5,500 3,768 19,204 19,864
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 23 Unrestrlcted fund8 The unroslricted funds of the charity comprise the unexpended balances of donallons and grants which are not suble¢l to specmc condltions by donor8 and grantors as lo how they may be used. These Indudo designated fvnd8 which have been sel aslde out of unrastrictad fijnds by the Iruslees for specific pu0$$. At 1 January 2023 Incomlng Rg$our¢es r•sourGes expended Transfgrs At31 D8eornber 2023 General funds 114,331 242,533 (275,8381 81,028 Prevlous year. At l January 2022 Incomlng Ro8our¢g8 r050ur¢•$ *Xnded Trnnsfers At31 December 2022 General fvnd8 118,857 270,340 (273.4521 11,214} 114,331 -29-
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THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 25 Related party tran8a¢tlon• Remunaratlon of key management personnel The remuneration of key management personnel was 88 follows.. 2023 2022 Aggregate compensation 65,957 71.987 26 Cash goneratsd from operatlons 2023 2022 Deldt forthe year {20,6741 14.356) Adjuslmenls foT'. Investment income racogni8ed in slalement of financlal actfvllie$ Depreclalltsn and Impaimianl of tangSblo fixed assots 11,1971 6,604 1320) 3,492 Movements in working capital.. Dgcrease in stocks Dacreasellincrea8è1 In debltsrs {D8creasellincrea$e In creditors 95 3,082 le621 559 (2,032) 3,247 Cash lab$orb8d tyllggngrated from oporatton8 112,7521 590 31