||Page||
|---|---|---|
|Report ofthe Trustees|1 to|7|
|Report ofthe Independent
Auditors|8 to|10|
|Statement of Financial Activities|||
|Balance Sheet|12||
|Cash Flow Statement|13||
|Notes to the Cash Flow Statement|14||
|Notes to the Financial Statements|15 to|27|
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|FOR THE YEAR EN|D|ED 31MAR|CH 2023||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||Unrestricted|Restricted|Tota I|Tota I|
||||||funds|funds|funds|funds|
|||||Notes|f|f|f|f|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies|||||14,112|5,000|19,112|8,959|
|Charitable
activities|||||||||
|Wight Crystal|||||388,179||388,179|286,770|
|Way Forward|||||661,253||661,253|516,745|
|Working Towards|Wellbeing|||||240,987|240,987|231,162|
|Investment
income|||||2,002||2,003|2,048|
|Otherincome||||||||1|
|Total|||||1,065,546|245,988|1,311,534|1,063,138|
|EXPENDITURE ON|||||||||
|Charitable
activities|||||||||
|Wight Crystal|||||309,369||309,369|285,299|
|Way Forward|||||688,794||688,794|526,083|
|Working Towards|Wellbeing||||15,132|209,155|224,287|187,123|
|L2wng Well|||||129||129|189|
|Total|||||1,013,424|209,155|1,222,579|998,694|
|NET INCOME
Transfers between
Net movement
in|funds
funds|||17|52,122
9.000
57,122|36,833
~5,000
31,833|88,955
88,955|64,444
64,444|
|RECONCILIATION
OF FUNDS
Total funds brought
forward
TOTAL FUNDS CARRIED FORWARD|||||526,069
114,837
839»
6 0||640,906
2986|576,462
906|
|BALANCE SHEET
31MARCH 2023||||
|---|---|---|---|
|||2023|2022|
||Notes|E|E|
|FIXED ASSETS||||
|Tangible assets|12|90,136|67,915|
|CURRENT ASSETS||||
|Stocks|13|65,978|46,110|
|Debtors|14|111,250|106,658|
|Cash at bank and in hand||503,126|465,251|
|||680,354|618,019|
|CREDITORS||||
|Amounts
falling due within one year|15|(40,629)|(45,028)|
|NET CURRENT ASSETS||639,725|572,991|
|TOTAL ASSETS LESSCURRENT LIABIUTIES||729,861|640,906|
|NET ASSETS||~729861|~640906|
|FUNDS|17|||
|Unrestricted
funds||583,191|526,069|
|Restricted
funds||146,670|114,837|
|TOTAL FUNDS||~729861|~640906|
##
|FOR THE YEAR ENDED 31|MARCH 20|23||||
|---|---|---|---|---|---|
|||||2023|2022|
||||Notes|6|6|
|Cash flows from operating
activities
Cash generated
from operations||||~89921|~62 421|
|Net cash provided
by operating
actiwties||||89,921|62,421|
|Cash flows from Investing|activities|||||
|Purchase oftangible
fixed|assets|||(63,299)|(23,953)|
|Sale of tangible
fixed assets||||9,250|1,700|
|Interest received
Net cash used in investing|activities|||2,003
52 046|2,048
~20 205)|
|Change
in cash and cash equivalents||in the||||
|reporting
period||||37,875|42,216|
|Cash and cash equivalents|at the beginning|||||
|ofthe reporting
period||||465,251|423,035|
|Cash and cash equivalents|at the end|ofthe||||
|reporting
period||||503 126|~465 251|
##
|RECONCILIATION|O|F|NE|T INC|OME TO NET CASH FLOW FROM OPERATIN|G ACTIVITIES|||
|---|---|---|---|---|---|---|---|---|
||||||||2023f|2022
f|
|Net income for the||reporting|||period (as per the Statement of Financial||||
|Activities)|||||||88,955|64,444|
|Adjustments
for:|||||||||
|Depreoation
charges|||||||36,557|27,936|
|Profit on disposal|of||fixed assets||||(4,730)|(1,700)|
|Interest received|||||||(2,003)|(2,048)|
|(Increase)/decrease|||in stocks||||(19,868)|16,093|
|Increase
in debtors
(Decrease)/increase
Net cash provided||in creditors
by operations|||||(4,591)
~4399)
~89 921|(54,623)
~12319
~62 421|
|ANALYSIS OF CHANGES||||IN NET FUNDS|||||
|||||||At 1.4.22|Cash flow|At 31.3.23|
|||||||E|f|6|
|Net cash|||||||||
|Cash at bank and|in||hand|||465,251|37,875|503,126|
|Total||||||465,251
~465 251|37,875
~37 875|503,126
~503 126|
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|2.|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES||||
|---|---|---|---|---|---|---|---|
|||||||2023f|2022
f|
||Donations|||||~19 112|~8959|
|3.|INVESTMENT INCOME|||||||
|||||||2023|2022|
|||||||f|f|
||Deposit account interest|||||~2003|~2048|
||INCOME FROM|CHARITABLE ACTIVITIES||||||
|||||||2023|2022|
||||||Activity|f|f|
||Sales||||Wight Crystal|373,209|271,151|
||Access to Work|Income|||Wight Crystal|15,000|15,604|
||Travel &expenses|||||||
||reimbursed
by|client|||Wight Crystal|(30)||
||Grants||||Wight Crystal||15|
||Sales||||Way Forward|790|3,556|
||Support contracts||||Way Forward|614,687|466,956|
||Access to Work|Income|||Way Forward|6,583|7,202|
||Travel 8 expenses|||||||
||reimbursed
by|client|||Way Forward|28,074|20,625|
||Grants||||Way Forward||15,867|
||Activities income||||Way Forward|11,112|32|
||Miscellaneous|income|||Way Forward|7|2,507|
||Grants||||Working Towards Wellbeing|240,987|231,162|
|||||||1290419|1094677|
||Grants recewed,
included|||in the|above, are as follows:|||
|||||||2023|2022|
|||||||f|f|
||NHS Hampshire|IOW ICB(Working Towards Wellbeing)||||112,584|112,584|
||NHS Talking Therapies||EA|||103,650|88,847|
||NHS Talking
1herapies||Data Collection|||7,200|12,164|
||Infection control grant||||||15,000|
||SSPcovid rebate||||||896|
||Family support|service||||17,553|17,553|
|||||||~240 987|~247 044|
|5.|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Direct|Support||
||||||||Costs (see|costs (see||
||||||||note 6)f|note 7)f|Totals
f|
||Wight Crystal||||||306,944|2,425|309,369|
||Way Forward||||||684,478|4,316|688,794|
||Working Towards Wellbeing
Living Well||||||223,317
129
970
868»»||224,287
129
»»6 9|
||DIRECT COSTS OF CHARITABLE|||||ACTIVITIES||||
|||||||||2023|2022|
|||||||||f|f|
||Staff costs|||||||780,200|666,625|
||Rent|||||||46,012|45,527|
||Rates &water|||||||3,805|3,124|
||Insurance|||||||10,217|14,553|
||Light &heat|||||||17,602|14,319|
||Telephone
and computer||||costs|||31,906|16,101|
||Postage, stationery|&||marketing||||3,429|1,960|
||Advertising|||||||4,571|3,185|
||Sundries||||||||442|
||Wight Crystal cost of||sales|||||122,422|93,581|
||Client expenses|||||||48,454|33,632|
||Staff traininp|||||||6,782|2,442|
||Establishment
expenses|||||||2,326|1,854|
||Repairs & renewals|||||||47,075|27,751|
||Bank &other financial|||charges||||3,092|3,118|
||Motor 8 travel|||||||36,727|17,080|
||Bad debts & provision|||written||back||131|474|
||Legal & professional||fees|||||375|4,229|
||General administration|||expenses||||8,262|4,190|
||Staff clothing|||||||873|283|
||Equipment
hire||||||||2,513|
||l-lealth, safety &welfare|||||||8,723|5,371|
||Allotment
expenses|||||||57|237|
||Donations to others||||||||364|
||Depreciation
Loss on sale of assets|||||||36,557
~892|27,936
~692|
|||||||||1214868|989 191|
##
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|SUPPORT COSTS|||||
|---|---|---|---|---|
|||||Governance|
|||||costs|
|||||6|
|Wight Crystal||||2,425|
|Way Forward||||4,316|
|Working Towards|Wellbeing|||970|
|||||~7711|
|NET INCOME/(EXPENDITURE)|||||
|Net income/(expenditure)||is stated after charging/(crediting):|||
||||2023|2022|
||||f|6|
|Auditors'
remuneration|||7,711|5,551|
|Depreciation
—owned assets|||36,558|27,936|
|Other operating|leases||46,012|45,527|
|Surplus
on disposal offixed||assets|~4730)|~1700)|
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|STAFF|COSTS|||
|---|---|---|---|
|||2023|2022|
|||E|f|
|Wages|and salaries|709,760|609,335|
|Social|security costs|54,908|44,169|
|Other|pension costs|15,532|13,121|
|||~780200|~666 625|
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|OSEL - full time||||||1|1|
|Wight Crystal-|full time|||||4|4|
|Wight Crystal|—part time|||||3|3|
|Way Forward|—full time|||||18|18|
|Way Forward|—part time|||||4|4|
|Working Towards Wellbeing|||—full time|||6|7|
|Working Towards Wellbeing|||—part time|||1||
|||||||37|37|
|No employees|received emoluments|||in excess of660,000.||||
|Key personnel|employed|during the year were as follows:||||||
|iob Role Total|compensation|||||||
|Chief Executive Officer; 650,885||||||||
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||||
||||||Unrestricted|Restricted|Tota
I|
||||||funds|funds|funds|
||||||6|6|E|
|INCOME AND|ENDOWMENTS||FROM|||||
|Donations
and|legacies||||8,454|505|8,959|
|Charitable
activities||||||||
|Wight Crystal|||||286,770||286,770|
|Way Forward|||||516,745||516,745|
|Working Towards Wellbeing|||||2,515|228,647|231,162|
|Investment
income|||||2,048||2,048|
|Other income|||||17,454||17,454|
|Total||||||||
|EXPENDITURE|ON|||||||
|Charitable
activities||||||||
|Wight Crystal|||||285,299||285,299|
|Way Forward|||||526,083||526,083|
|Working Towards Wellbeing|||||203|186,920|187,123|
|Living Well|||||189||189|
|Total|||||811,774|186,920|998,694|
|NET INCOME|||||22,212|42,232|64,444|
|Transfers between
funds|||||12,830|(12,830)||
##
##
||||||Unrestricted|Restricted|Tota
I|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||E|E|f|
|Net movement
in|funds||||35,042|29,402|64,444|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought||forward|||491,027|85,435|576,462|
|TOTAL FUNDS CARRIED FORWARD|||||526 069|114837|640906|
|TANGIBLE FIXEDASSETS||||||||
|||||Fixtures||||
||||Plant and|and|Motor|||
||||machinery|fittings|vehicles|Recipes|Totals|
||||E|f|E|f|E|
|COST||||||||
|At 1April 2022|||331,212|32,435|109,425|9,000|482,072|
|Additions
Disposals|||30,700|9,609|22,990
~14,275)||63,299
~14,275)|
|At 31March 2023|||361,912|42,044|118,140|9,000|531,096|
|DEPRECIATION||||||||
|At 1April 2022|||313,477|25,433|67,447|7,800|414,157|
|Charge for year
Eliminated
on disposal
At 31March 2023|||12,307
325,784|4,200
29,633|18,851
~9,755)
76,543|1,200
9,000|36,558
~9,755)
440,960|
|NET BOOK VALUE
At 31March 2023
At 31March 2022|||~36 128
~17735|~12411
~7002|~41 597
~41978|~1200|~90 136
~67915|
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|STOCKS||||||||
|---|---|---|---|---|---|---|---|
|||||||2023f|2022
E|
|Raw materials|&finished||goods|||42,073|26,988|
|Water cooler|stocks|||||23,905|19,122|
|||||||~65 978|~46 110|
|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||
|||||||2023|2022|
|||||||f|E|
|Trade debtors||||||94,866|92,728|
|Other debtors||||||9,010|7,010|
|VAT||||||1,373||
|Prepayments|and accrued|||income||6,001|6,920|
|||||||~111250|~106658|
|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||||
|||||||2023|2022|
|||||||E|E|
|Trade creditors||||||14,244|20,430|
|Social security|and other||taxes|||11,326|11,395|
|VAT|||||||2,177|
|Other creditors||||||5,730|2,766|
|Accrued expenses||||||9,329|8,260|
|||||||~40 629|~45 028|
|ANALYSIS OF|NET ASSETS|||BETWEEN FUNDS||||
|||||||2023|2022|
|||||Unrestricted|Restricted|Tota I|Tata
I|
|||||funds
E|funds
f|fundsf|funds
f|
|Fixed assets||||90,136||90,136|67,915|
|Current assets
Current
liabilities||||533,684
~40,629)
~583 191|146,670
~146670|680,354
~40,629)
~729861|618,019
~45,028)
~640906|
##
|MOVEMENT IN|FUNDS|||||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
||||At|1.4.22|in funds|funds|31.3.23|
|||||f|f|f|f|
|Unrestricted
funds||||||||
|General
fund|||470,237||50,936|5,000|526,173|
|Theatre
Fund||||2,576|1,286||3,862|
|Customer's
New Kitchen||||256|(100)||156|
|Contingency
Fund||||53,000|||53,000|
||||526,069||52,122|5,000|583,191|
|Restricted funds||||||||
|Working Towards Wellbeing|||113,370||31,833||145,203|
|Asdan||||962|||962|
|Mini Bus|||||5,000|(5,000)||
|Festival fund from Asda||||505|||505|
|TOTAL FUNDS|||114,837
~640 906||36,833
~88955||146,670
~729861|
|Net movement|in funds,|included|in the above are as follows:|||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||f|f|f|
|Unrestricted
funds||||||||
|General
fund
Theatre
Fund
Customer's
New Kitchen|||||1,063,358
2,188
1,065,546|(1,012,422)
(902)
~)00)
(1,013,424)|50,936
1,286
~)0~)
52,122|
|Restricted funds||||||||
|Working Towards Wellbeing|||||240,988|(209,155)|31,833|
|Mini Bus
TOTAL FUNDS|||||5,000
245998
3»53|~209155)
),»,5 8)|5,000
35833
88955|
##
##
|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1.4.21f|in funds
f|fundsf|31.3.22
f|
|Unrestricted
funds|||||
|General
fund|487,574|22,212|(39,549)|470,237|
|Theatre
Fund|2,576|||2,576|
|Customer's
New Kitchen|322||(66)|256|
|Allotment
Fund
Contingency
Fund|555||(555)
~53000|~53000|
||491,027|22,212|12,830|526,069|
|Restricted funds|||||
|Working Towards Wellbeing|84,473|41,727|(12,830)|113,370|
|Asdan|962|||962|
|Festival fund from Asda||505||505|
|TOTAL FUNDS|85,435
~576462|42,232
~64 444|~12,830)|114,837
~640 906|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resourcesf|expendedf|in funds
f|
|Unrestricted|funds||||
|General
fund||833,986|(811,774)|22,212|
|Restricted funds|||||
|Working Towards Wellbeing||228,647|(186,920)|41,727|
|Festival fund|from Asda|505||505|
|||||42,232|
|TOTAL FUNDS||1863138|~9986943|64444|
##
|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1.4.21f|in funds
f|fundsf|31.3.23
f|
|Unrestricted
funds|||||
|General
fund|487,574|73,148|(34,549)|526,173|
|Theatre
Fund|2,576|1,286||3,862|
|Customer's
New Kitchen|322|(100)|(66)|156|
|Allotment
Fund
Contingency
Fund|555||(555)
~53000|~53000|
||491,027|74,334|17,830|583,191|
|Restricted funds|||||
|Working Towards Wellbeing|84,473|73,560|(12,830)|145,203|
|Asdan|962|||962|
|Mini Bus||5,000|(5,000)||
|Festival fund from Asda|85,435|505
79,065|~17830)|505
146,670|
|TOTAL FUNDS|~576462|~153399||~729861|
||Incoming|Resources|Movement|
|---|---|---|---|
||resources
f|expended
f|in funds
f|
|Unrestricted
funds||||
|General
fund
Theatre
Fund
Customer's
New Kitchen|1,897,344
2,188
1,899,532|(1,824,196)
(902)
~00)
(1,825,198)|73,148
1,286
~0)
74,334|
|Restricted funds||||
|Working Towards Wellbeing|469,635|(396,075)|73,560|
|Mini Bus|5,000||5,000|
|Festival fund from Asda
TOTAL FUNDS|505
475140
3
6|~396,075)
),
,
3)|505
79065|
##
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