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||||Page|
|---|---|---|---|
|Report of the|Trustees|||
|Report of the|Independent
Auditors|||
|Consolidated|Statement of Financial|Activities|13|
|Consolidated|Balance Sheet||14|
|Company
Balance Sheet|||15|
|Consolidated|Cash Flow Statement||16|
|Notes to the|Consolidated
Cash Flow|Statement|17|
|Notes to the|Financial Statements||18|
|Detailed Statement of Flnandal
Activities|||35|
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|for the Year Ended 3|
1March|
2023||
||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total funds|Total funds|
|||||fund|fund|2023|2022|
||||Notes|E|E|E|E|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legades||||73,176|15,500|88,676|161,424|
|Charitable
activities
Investments
Other||||836,840
750||836,840
750|1,073,565
915
~6|
|Total|||||I5 500|||
|EXPENDITURE ON||||||||
|Raising funds||||||||
|Charitable
activities||||||||
|Resettlement
and Care|Expenditure|||187,559|15,500|203,059|306,036|
|Donations
to Other Drganlsatlons
Primary
Purpose Trading costs||||91,770
~09781||91,770
ZQ997I1|131,350
~73 719|
|Total|||8|~|~500|~14
1|~1|
|NET (EXPENDITURE)/INCOME||||(78,344)||(78,344)|(74,655)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||661,401||661,401|736,056|
|TOTAL FUNDS CARRIED FORWARD||||~583 057|-|~583 057|~661 401|
##
##
|At 31March 20|23||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restrkted|Total funds|Total funds|
||||fund|fund|2023|2022|
|||Notes|||6|6|
|FIXEDASS HS|||||||
|Tangible assets|||||92186|~7|
|CURRENT ASSETS|||||||
|Stocks
Debtors
Cash at bank and|In hand|15
16|200,771
39,960||200,771
39,960
34QKL|190,731
31,307|
||||254,822||254,822|267,850|
|CREDITORS|||||||
|Amounts
falling due within one year||17|156,042||156,042|124,200|
||||~98780|||~143650|
|TOTAL ASSETS
LIABILITIES|LESSCURRENT||920,255||920,255|1,020,064|
|CREDITORS|||||||
|Amounts
falling due atter more than one year||18|337,198||337,198|358,663|
||||~583 057||~583 057|~661 401|
|RJNDS|||||||
|Unrestrkted
funds
Restricted
funds|||||583,057|661,401|
|TOTAL FUNDS|||||~583 057||
##
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Notes|||
|Cash flows from|operating|activities:||||||
|Cash generated
from / (used In)|||operations|||16,582|(84,148)|
|Loan Interest
paid||||||(24,731)|(18,083)|
|Interest element
of hire purchase|||and finance lease|||||
|rental
payments||||||~2855)|3 787|
|Net cash (used|In)/provided||by operating|||||
|activities||||||~11004)|(1~06018)|
|Cash flows from|Investing|activities:||||||
|Purchase oftangible
fixed assets|||||||(71,645)|
|Sale of tangible
fixed assets|||||||~1407|
|Net cash (used|in) Investing||activities||||~70 238)|
|Cash flows from|financing|acUvities:||||||
|Loan repayments|In year|||||(18,745)|(20,340)|
|Capital repayments|In year|||||(20,626)|(24,315)|
|Receipts from government
grants|||||||33,500|
|Receipts from other grants||||||~15 500|~4300|
|Net cash (used|in)/provided||by ffnancing|||||
|activities||||||~23 871)|~6855)|
|Change
In cash|and cash equivalents|||in the||||
|reporting
period||||||(34,875)|(183,111)|
|Cash and cash equivalents||at the beginning|||2|||
|ofthe reporting|period|||||45,812|228,923|
|Cash and cash equivalents||at the end||ofthe|2|||
|reporting
period||||||||
##
##
|1.|RECONCILIATION|OF|NET (EXPENDITURE)/INCOME|NET (EXPENDITURE)/INCOME|NET (EXPENDITURE)/INCOME|NET (EXPENDITURE)/INCOME|NET (EXPENDITURE)/INCOME|NET (EXPENDITURE)/INCOME|TO|NET|CASH|FLOW
FROM|OPERATING|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||ACTIVITIES|||||||||||||
|||||||||||||2023|2022|
||||||||||||||E|
||Net (expenditure)/Income|||for|the reporting||period|(as|per the|||||
||statement
offinancial||actMtles)|||||||||(78,344)|(74,655)|
||Ad]ustments
for:|||||||||||||
||Depreciation
charges|||||||||||54,939|70,556|
||(Profit) on disposal of fixed assets||||||||||||(1,407)|
||Government
grants||||||||||||(33,500)|
||Other grants|||||||||||(15,500)|(4,300)|
||Loan interest
paid|||||||||||24,731|18,083|
||Interest element of hire purchase||||and finance|lease rental||payments||||2,855|3,787|
||(Increase)/decrease|in stocks||||||||||||
|||||||||||||(10,040)|(50,066)|
||(Increase)
In debtors
Increase
in creditors|||||||||||(8,654)
~46 595|(20,239)
~7593|
||Net cash provided|/ (used)||by|operating|activities||||||~16 582|~84 148)|
##
|The amount
disclosed
in the Cash Flow Statement|in respect of cash and cash|in respect of cash and cash|equivalent|are In respect of these|are In respect of these|
|---|---|---|---|---|---|
|Balance Sheet amounts:||||||
|||||2023|2022|
|||||f|E|
|Cash in hand||||5,553|3,819|
|Notice deposits (less than 3 months)||||8,538|41,993|
|Overdrafts
Induded
In bank loans and overdrafts|falling due within|one year|~3154)|||
|Total cash and cash equivalents|||~10 937||~45 812|
##
##
|ANALY|SIS OF C|HANGE|S IN NET DEBT||||
|---|---|---|---|---|---|---|
|||||At 31.3.22|Cashflow|At 31.3.23|
|||||E|E|E|
|Net Cash|||||||
|Cash at bank and||in hand||955I12||IK937|
|Debt|||||||
|Finance|leases|||(25,676)|20,180|(5,496)|
|Debtors|falling due within||1 year|(20,340)|1,594|(18,746)|
|Debtors|falling due after 1 year||||17152||
||||||~38 92||
|Total|||||||
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|||||||Restricted|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|2023||
|||||||f|f||f|
||Donations:|||||||||
||The DCI Trust||||||1,000||1,000|
||LIDL Community|Kitchen||Fund||5,500|||5,500|
||8 ik Q Property|Improvement|||Fund|10,000|||10,000|
||The 1ones 1986Charitable|||Trust|||3,000||3,000|
||Donated
Food for Distribution||||- Fareshare||53,163||53,163|
||Individuals||||||~101||LEGAL|
||||||||Unrestricted|Total|Funds|
||||||||Funds|2022||
||||||||f||f|
||Donations:|||||||||
||The OCr Trust||||||1,000||1,000|
||Nelghbourly||||||800||800|
||Local Giving||||||2,500||2,500|
||Arnold
Clarke||||||1,000||1,000|
||The Fifty Fund||||||1,200||1,200|
||Donated
Food for Distribution-||||Fareshare||113,777|1.13,777||
||Covid Support Grants||||||33,500||33,500|
||Individuals||||||||Zj)47|
||Donations
and legacies||In|2022 were attributable||to unrestricted|funds.|||
|3.|CHARITABLE AClTVITIES|||||||||
||||||||2023f||2022f|
||Primary
Purpose|Trading||- Shop income||||||
|4.|INCOME FROM INVESTMENTS|||||||||
||||||||2023||2022f|
||Rental Income||||||2511|||
##
##
##
##
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||6|E|
|insurance
Claim|||||||||
|ther Income was attributable|||to unrestricted|||funds.|||
|AISING FUNDS|||||||||
|aising donations||and legacies|||||||
||||||||2023
E|2022f|
|Support costs|||||||||
|osts of raising|funds|Includes|consultancy||fees to raise funds on behalf of the charity.||||
|RANTS PAYABLE|||||||||
||||||||2023|2022|
||||||||E|E|
|Donations to organlsatlons|||||||||
|he total grants|paid|to Institutions||during|the|year was as follows:|||
||||||||2023|2022|
|||||||||E|
|Remar —Spain|||||||87,400|129,190|
|Remar —india|||||||1,210||
|Remar —Germany
Gift Africa|||||||1,000
~10|2 160|
||||||||RAZE||
##
|T|Donations to organlsatlons
he total grants
paid to Institutions
during
the year was as follows:|
|---|---|
##
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##
##
|Net Income/(|expenditure)
Is stated aft|er charging/(crediting):|||
|---|---|---|---|---|
||||202:|2022|
||||E||
|Auditors'
remuneration|||22,935|15,401|
|The audfiing|of accounts of any associate ofthe charity||3,600|3,600|
|Depredation|- owned assets||40,790|46,446|
|Depredation|- assets on hire purchase|contracts and finance leases|14,149|24,109|
|(Profit) on disposal offixed asset||||~1407)|
##
##
##
||||Unrestricted|Restricted|Total funds|
|---|---|---|---|---|---|
||||fund
f|fund
I||
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legades|||161,424||161,424|
|Other trading
activities|||1,073,565||1,073,565|
|Investments|||915||915|
|Other|||||595|
|Total|||||1236450|
|EXPENDITURE ON||||||
|Raising
Funds||||||
|Charitable
actlviUes||||||
|Resettlement
and Care Expenditure|||306,036||306,036|
|Donations to other organisatlons|||131,350||131,350|
|Primary
Purpose Trading|Costs||873 719||8Z32Q|
|Total|||1311105|||
|EXPENDITURE|||(74,655)||(74,655)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought forward|||~736 056||~736 056|
|TOTAL FUNDS CARRIED FORWARD||||||
##
##
##
##
|TANGIBLE FIXED ASSETS||||||
|---|---|---|---|---|---|
||Freehold|Improvements|Fixtures and|Motor||
|A) GROUP|property|to property|fittings|vehicles|Totals|
|COST||||||
|At 1 April 2022|1,073,758|31,372|32,209|232,910|1,370,249|
|Additions
Dlsposals||||1,750
~2750)|1,750
~2750)|
|At 31March 2023|1073758|31372|32 209|232 910|1370 249|
|DEPRECIATION||||||
|At 1 April 2022|309,697|14,937|26,841|142,360|493,835|
|Charge for year|21,475|1,973|804|30/687|54,939|
|Eliminated
on disposal||||||
|At 31March 2023|331172|18910|27 545|1/3 047|548 774|
|NET BOOK VALUE||||||
|At 31March 2023||||||
|At 31 March 2022||||||
|B)THE CHARITY|Freehold|Improvements|Fixtures and|Motor||
||property|to property|iittings|vehicles|Totals|
|COST||||||
|At 1 April 2022|1,073,758|31,372|28,980|232,910|1,367,020|
|Additions||||1,750|1,750|
|Disposals||||~17|~17|
|At 31March 2023|073 7|||232 931}|~67
2|
|DEPRECIATION||||||
|At 1 April 2022|309,697|14,937|24,207|142,360|491,201|
|Charge for year|21,475|1,973|715|30,687|54,850|
|Eliminated
on disposal||||||
|At31March 2023||~10|~922|IZ3,047||
|NET BOOK VALUE||||||
|At 31March 2023||||||
|At 31 March 2022||||||
##
##
##
|13.|TANGIBLE FIXEDA|SSETS —continued|||
|---|---|---|---|---|
||Fixed assets, Included|In the above, which are held under|hire purchase|contracts are as follows:|
|||||Group and Charity|
|||||Motor vehiclesI|
||COST||||
||At 1 April 2022|||129,670|
||Additions||||
||Disposal||||
||Transfer to Ownership|||73075|
||At31March 2023|||56 595|
||DEPRECIATION||||
||At 1 April 2022|||105,273|
||Charge for year|||14,149|
||Eliminated
on Disposal||||
||Transfer to Ownership||||
|||||73075|
||At 31March 2023|||46,347|
||NET BOOK VALUE||||
||At 31March 2023||||
||At 31 March 2022||||
|14.|FIXEDASSETINVESTMENTS||||
|||||Shares in group|
|||||undertakings|
||MARKET VALUE||||
||At 1April 2022 and 31 March 2023||||
||NET BOOK VALUE||||
||At 31March 2023||||
||At 31 March 2022||||
##
##
##
|Class of share:||||||holding|holding|||
|---|---|---|---|---|---|---|---|---|---|
|2 Ordinary
shares|off1each||||||100|||
|||||||||2023|2022|
|||||||||I||
|Aggregate
capital|and|resenres||||||3,767|9,845|
|Profit / (loss) for the year||||||||35~494|~5470|
|Relevant flnandal|information||regarding|Remar UK||Umited|Is as follows:|||
|||||||||2023|2022|
||||||||||E|
|Turnover||||||||465,261|550,323|
|Cost of Sales|||||||||~49 360|
|Gross Profit||||||||130,545|70,963|
|Store Costs||||||||95J51|~64 3|
|Net (Loss)/Profit|Before Taxatlon|||||||35,494|(5,470)|
|Corporation
Tax||||||||||
|Net Pro(it ARer Taxatlon||||||||35,494|(5,470)|
|Gift Aid distributions||to Remar|Association||(UK)|||||
|Net Outflow
from Subsidiary||||||||522K||
|SfOCKS||||||||||
|||||||The Group||The|Charity|
|||||||2023|2022|2023|2022|
|||||||E|F.|I||
##
##
##
||The Group||The|Charity|
|---|---|---|---|---|
||2023|2022|2023|2022|
||E|E||F.|
|Amounts
Owed by|||||
|Group Undertakings|||70,210|96,448|
|Other Debtors||4,660||4,660|
|Prepayments|25,908|26,647|25,908|26,646|
|Trade Debtors|||||
##
##
##
##
||||The Group||The|Charity|Charity|
|---|---|---|---|---|---|---|---|
||||2023
E|2022
E|2023||2022I|
|Bank Loans and Overdrafts|||21,900|20,340|18,746||20,340|
|Trade Creditors|||84,559|46,804|||4,521|
|Taxatlon and Social Security|||8,668|5,980|4,882|||
|Obligations
Relating to FInance Leases||||||||
|and Hire Purchase
Contracts|||5,496|21,363|||21,363|
|Other Creditors and Accruals|||%ALE.||||29815|
||||||||ZL992|
|REDITORS: AMOUNTS|FALLING DUE AFTER MORE||THAN ONE YEAR|||||
|Group and Charity|||||2023||2022|
|||||||E|I|
|Amounts
falling due aRer|one year:|||||||
|Bank loans (see note 19)|||||337,198||354,350|
|Obligations
Relating to Finance Leases and Hire Purchase|||Contracts||||~431|
|OANS||||||||
|Group and Charity|||||2023||2022|
|An analysis ofthe maturity|of loans is given below:|||||||
|Amounts
falling due within|one year on demand:|||||||
|Bank overdrafts|||||3,154|||
|Bank loans|||||28 746|||
|Amounts
falling
between
one||and two years:||||||
|Bank loans - 1-2years||||||||
|Amounts
falling due between||two and five years:||||||
|Bank loans
—2-5 years||||||||
|Amounts
falling due in more than fiv years:||||||||
|Repayable
by Instalments:||||||||
|Bank loans due
In more than||5 years by Instalment||||||
##
##
##
##
##
##
||||||Hire|purchase|contracts|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||F.|E|
|Net obligations||repayable:||||||
|Within one year||||||5,496|21,363|
|Between|one and five years||||||~4313|
|||||||~5496|~25 676|
|Minimum|lease|payments|under non-cancellable|operating|leases fall due as follows:|||
|||||||2023|2022|
||||||||E|
|Within one year|||||||134,462|
|Between|one and Rve years|||||||
||||||||~134 462|
##
|||2023|2022|
|---|---|---|---|
|||E|E|
|Bank|overdrafts|||
|Bank|loans|355944|~374690|
|||355944|~374690|
##
|||||Net||
|---|---|---|---|---|---|
||||At 1.4.22|movement|At 31.3.23|
|||||in funds||
||||F.|E|E|
|Unrestricted||funds||||
|General|fund||661,401|(78,344)|583,057|
|TOTAL|FUNDS||~661 401|~78 344)|~583 057|
##
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##
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||E|E|
|INCOME AND|ENDOWMENTS||||||
|Donations and|legacies||||||
|Donations|||||73,176|123,624|
|Government
grants||||||33,500|
|Other grants|||||15,500|4,300|
|Other trading|activities||||||
|Shop income|||||836,840|1,073,565|
|Investments|||||||
|Rent received|||||750|915|
|Other income|||||||
|Insurance
claim|||||||
|Wayleave
Income|||||||
|Total Incoming|resources|||||~1236
5|
|EXPENDITURE|||||||
|Raising Funds|||||||
|Fundralslng
Costs|||||||
|Charitable
activities|||||||
|Food|||||59,976|119,079|
|Grants to Institutions|||||91,770|131,350|
||||||~II
4||
|Support costs|||||||
|Management|||||||
|Rates and water|||||29,251|19,362|
|Insurance|||||31,034|29,640|
|Light and heat|||||32,613|25,259|
|Telephone|||||11,040|7,942|
|Postage and stationery|||||'I89|1,205|
|Adverlising||||||989|
|Sundries|||||1,335|2,620|
|Repairs and renewals|||||29,673|101,331|
|Rent|||||150,455|155,615|
|Purchases
and carriage|||||317,679|455,248|
|Commission
paid to Remar Spain|||||12,690|25,725|
|Commission
paid on sales|||||10,745||
|Motor and travelling|||||105,826|90,271|
|Legal fees|||||4,615|27,765|
|Depredation
- Freehold||property|||21,475|21,475|
|- Improvements|||to property||1,973|1,973|
|- Fixtures and fittings
- Motor vehicles|||||804
~67|946
46 160|
|Carried forward|||||792,384|1,013,526|
|||||Page 35|||
##
##
|
or the Year Ended 3|
1March 2023|||
|---|---|---|---|
|||2023|2022|
|||E||
|Management||||
|Brought forward||792,384|1,013,526|
|Profit on Disposal|||(1,407)|
|Bank Interest and charges||6,359|7,686|
|Bank loan Interest
Hire purchase||24,731
~2855|18,083
~3787|
||||1041675|
|Governance
costs||||
|Auditors'
remuneration||26,535|13,000|
|Auditors'
remuneration|for non audit work||~6001|
|||~26 535|~19 001|
|Total resources expended||1,004,610|1,311,105|
|Net (expenditure)/income||~75344|~74655|