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||||Page||
|---|---|---|---|---|
|Refereace and Adrniaistrative|Details||||
|Chairsnan's
Report||2|to|3|
|Report ofthe Trustees||4|to|9|
|Report ofthe Independent
Auditors||id|to|13|
|Statement ofFinancial Activities|||14||
|Balance Sheet|||||
|Cash Plow Statement|||16||
|Notes to the Cash Flow Statentent|||17||
|Notes to the Financial Statements||l8|to|28|
|Detailed Statement ofFinancial|Activities|29|to|30|
|TRUSTEES||N P Barker Managing|N P Barker Managing|Direcmr|Direcmr|||
|---|---|---|---|---|---|---|---|
|||T Chri stan san Managing|||Director|||
|||SN Difford Publisher||||||
|||ECDove Plural||||||
|||AJ Hawes Managing||Director (resigned|||19.7.22)|
|||G ELawrence CEO||||||
|||JA Rsekhsm Spirits|Merchant|||(resigned|19.7.22)|
|||A L Reed Publisher|(resigned 19.7.22)|||||
|||M P Saunders
Managtng|||Dtrector (resigned 19.7.22)|||
|||AJ Smith Finance Dtrector||||||
|||Ms JMes)can Founder|||&CEO|||
|||Ms LWilloughby
Director||||||
|||Ms KD A Keanng Dtrector||||||
|||Mrs N Forrest Director||||||
|COMPANY SECRETARY||JR Carter||||||
|REGISTERED OFFICE||Unit 4||||||
|||Baden Place||||||
|||London||||||
|||SE1 1YW||||||
|REGISTERED CO|M PAN Y|02783340 (England|and||Wales)|||
|NUMBER||||||||
|REGISTERED CHARITY||1023376||||||
|NUMBER||||||||
|SENIOR STATUTORY AUDITOR||Richard Weaver||||||
|AUDITORS||Ha
yam ac intyre
LLP||||||
|||10Queen Street Place||||||
|||London||||||
|||EC4R IAG||||||
|SOLICITORS||Lee Bolton Monier-Williams||||||
|||1 The Sanctuary||||||
|||Westminster||||||
|||London||||||
|||SWIP3JT||||||
|IN VESTMENT ADVISORS||Credit Sutsse (UK) Limited||||||
|||Ftve Cabot Square||||||
|||London||||||
|||E144QR||||||
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|fr|rn|I
|rZ
ZZ|||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restrict|Total|Total|
||Notes|funds
f.|funds
f|funds
f|funds|
|INCOME AND ENDOWMENTS FROM||||||
|Donations
snd legacies|2|474,511|366,727|841,238|1,140,113|
|Other trading activities|3|262,512||262,512|174,054|
|Investment
income|4|63,023||63,023|49,849|
|Other income|||||975|
|Total||800,046|366,727|1,166,773|1,364,991|
|EXPENDITURE ON||||||
|Raising funds|5|240,735|66,218|306,953|225,328|
|Charitable
activities||||||
|Provision offtnsncisl assistance to those who||||||
|worked in the drinks industry||944,462|293,001|1,237,463|1,202,063|
|Other||(33,725)|72,359|38,634|41459|
|||1,151,472|431,578|1,583,050|1,468,650|
|Net gains/(losses)
on investments||(585,588)||(585,588)|434,617|
|NET INCOME'(EXPENDITURE)||(937,014)|(64,851)|(1,001,865)|330,95S|
|Transfers between foods|19|(8,646)|8,646|||
|Net movement
in funds||(945,660)|(56,205)|(1,001,865)|330,958|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought
forward||5,977,650|172,072|6,149,722|5,818,764|
|TOTAL FUNDS CARRIED FORWARD||5,031,990|115,867|5,147,857|6,149,722|
|CONTINUING
OPERATIONS||||||
##
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||~IDD|~mrr
2t22222||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|RestricM|Total|Total|
||Notes|funds
f.|fundsf|fundsf|funds|
|FIXEDASSETS||||||
|Tangible assets|13|3,423||3,423|3,017|
|lnvesunents|14|2,535,337||2,535,337|5,739,241|
|||2,538,760||2,538,760|5,742258|
|CURRENT ASSETS||||||
|Debtors|15|76,511||76,511|291,851|
|Cash at bank and in hand||2,458,658|115,867|2,574,525|176,760|
|||2,535,169|115,867|2,651,036|468,611|
|CREDITORS||||||
|Amounts
falhng due within one year|16|(41,939)||(41,939)|(61,147)|
|NET CURRENT ASSETS||2,493,230|115,867|2,609,097|407,464|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||5,031,990|115,867|5,147,857|6,149,722|
|NET ASSETS||5,031,990|115,867|5,147.857|6,149,722|
|FUNDS|19|||||
|Unrestricted
funds||||5.031,990|5,977,650|
|Restricted
funds||||115,867|172,072|
|TOTAL FUNDS||||5,147,857|6,149,722|
|||CASH FLOW
frhrn|STATEMENT
1
rZ|STATEMENT
1
rZ|ZZ||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||8||
|Cash 4ows from operating|activities||||||
|Cash generated
from operations||||(194,991)||(564,673)|
|Net cash used in operating|activittes|||(194,991)||(564.673)|
|Cash 4ows frosn investing|activities||||||
|Purchase oftangible fixed assets|||||(2,182)|(1,306)|
|Purchase offixed asset investments||||(1,593,201)||(2,020,361)|
|Sale oftangible
fixed assets||||||975|
|Sale ot tixed asset investments||||4,211,517||2,017,627|
|Intetmrt received|||||995||
|Dividends
received||||||252,365|
|Net cash provided
by investing activities||||2,617,129||249,300|
|Chaage in cash and cash equivaleats||ia|||||
|the reporting
period||||2,422,138||(315,373)|
|Cash and cash equivalents|nt the||||||
|begianing
ofthe reporting|period|2|||149,531|464,904|
|Cash nnd cash equivalents|at the end|of|||||
|the reporting
period||||2,571,669||149,531|
##
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|OPERATTNG ACTIVITIES|||||
|---|---|---|---|---|
||||2022|2021|
|Net (expeoditare)/income
for the reporting|period (as per the||||
|Statement ofFinancial Aetivibes)|||(1,001,865)|330,958|
|Adjnstments
for:|||||
|Depreciation
charges|||1,77I5|1,474|
|Losses/(gain)
on tnvestments|||585,588|(434,617)|
|Profit on disposal offixed assets||||(975)|
|Interest received|||(995)||
|Dividends
received||||(252,3I55)|
|Decrease/(increase)
in debtors|||215,340|(208,495)|
|Increase/(decrease)
in creditors|||5,165|(653)|
|Net cash need in operations|||(194,991)|(564,673)|
|ANALYSIS OF CASH AND CASH EQUIVALENTS|||||
||||2022|2021|
|Cash in hand|||(441)||
|Notice deposits (less than 3 months)|||2,574,9I5I5|I76,760|
|Overdrafls
induded
in bank loans and overdrafts||falling due within one year|(2,856)|(27,229)|
|Total cash snd cash equivalents|||2,571,669|149,531|
|ANALYSIS OF CHANGES IN NET FUNDS|||||
|ANALYSIS OF CHANGES IN NET FUND|S|||
|---|---|---|---|
||At 1.1.22|Cash flow|At 31.12.22|
||8|||
|Net cash||||
|Cash st bank snd in hand|176,760|2,397,765|2,574,525|
|Bank overdrsR|(27,229)|24,373|(2,856)|
||149,531|2,422,138|2,571,669|
|Total|149,531|2,422,138|2,571,669|
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||DONATIONS
AND LEGACIES|||
|---|---|---|---|
|||2022|2021|
||Donations|841,238|),140,) )3|
|3.|OTHER TRAMNG ACTIVITIES|||
|||2022|2021|
|||f|f|
||Fund raising
events|262,512|174,054|
|4,|INVESTMENT INCOM E|||
|||2022|2021|
||income from invmtments|62,028|49 845|
||Deposit account interest|995|4|
|||63,023|49,849|
|5.|RAISING FUNDS|||
||Raising doaations and legacies|||
|||2022|2021|
|||f|f|
||Support oosts|261,171|178,478|
||Investment
ma nag erne at costs|||
|||2022|2021|
||Portfol io management|45,782|46,850|
||Aggregate
amounts|306,953|225,328|
##
##
|||||Grani|||
|---|---|---|---|---|---|---|
|||||f'unding|||
|||||of'|||
|||||activities|Suppon||
|||Direct||(see note|costs (see||
|||cosh||7)|note 8)|Totals|
|Provision|offinancial assistance to||||||
|thosewho|worked in the dnnks||||||
|indusny||448,038||656231|133,194|1,237,463|
|2021||221,706||764294|216,063|1,202,063|
|GRANTS|PAYABLE||||||
||||||2022|2021|
|Provision|offinancial assistance to those|who worked|in the drinks industry||656,231|669,679|
##
##
||||Inform|||
|---|---|---|---|---|---|
||||stion|||
|||Manage|technol|Governsn||
|||ment||cecosts|Totals|
|||f||f.||
|Provision|offinancia assistance to|||||
|thosewho|worked in the drinks industry|72,269|1,930|58,995|133,194|
|2021||174,647||41,416|216,063|
##
||2022|2021|
|---|---|---|
|Depreciation - owned assets|1,776|1,474|
|Surplus on disposal offixed assets||(975)|
##
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|STAFFCOSTS|||
|---|---|---|
||2022|2021|
||f|f|
|Wages and salaries|374,621|337,353|
|Social security costs|35,809|31,172|
|Pension contributions|37,608|34,577|
||448,038|403,102|
|The aver|age monthly|num|ber ofemployees
during
the year wa|s as follows:||
|---|---|---|---|---|---|
|||||2022|2021|
|Welfare|Activities|||3|2|
|Support,|management|and|administration|8|8|
|||||11|10|
|f80,001 —f90,000|21)22|2021
1|
|---|---|---|
|f90,001-f100,000|||
##
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|NOTES TO THE FINANCIAL STATEMENTS - continued
frhrn
1
rZ
ZZ|NOTES TO THE FINANCIAL STATEMENTS - continued
frhrn
1
rZ
ZZ|NOTES TO THE FINANCIAL STATEMENTS - continued
frhrn
1
rZ
ZZ|||
|---|---|---|---|---|
|COMFARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||Unrestricted|Restrict|Total|
|||fundsf|fundsf|funds|
|INCOME AND ENDOWMENTS FROM|||||
|itonations
and legacies||800,857|339,255|1,140,113|
|Other trading activities||174,054||174,054|
|investment
income||49,849||49,849|
|Other inde||975||975|
|Total||1,025,735|339,256|1,364,991|
|EXPENDITURE ON|||||
|Raising
funds||217,173|8,155|225,328|
|C ha ritshto a sit vibes|||||
|Provision of' financial assistance to those who|||||
|worked
in the drinks industry||991,727|210,335|1,202,053|
|Other||41,259||41,259|
|Total||1,250,159|218,491|1,468,650|
|Net gains on investments||434,617||434,617|
|NET INCOME||210,193|120,765|330,958|
|RECONCILIATION|OF FUNDS||||
|Total funds brought
fonvard||5,767,457|51,307|5,818,764|
|TOTAL FUNDS CARRIED FORWARD||5,977,650|172,072|6,149,722|
##
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|13.|
frhr
TANGIBLE FIXEDASSETS|
n
1|cou
r2
ZZ|||
|---|---|---|---|---|---|
|||Fixture||||
|||and|Motor|Computer||
|||fittings|vehir. les|equipment|Totals|
||COST|||||
||At( January 2022|55,557|28,688||84445|
||Additions|1,285||897|2,182|
||D is p oasis||(28,688)||(28,688)|
||At 31 December 2022|56,842||897|57,739|
||DEPRECIATION|||||
||At (January 2022|52,540|28.688||81,228|
||Charge for year|1,552||224|1,776|
||Eliminated
on disposal||(28,688)||(28,688)|
||At 31December 2022|54,092||224|54,316|
||NET BOOK VALUE|||||
||At 31 December 2022|2,750||673|3,423|
||At 31 December 2021|3,017|||3,017|
|14.|FIXEDASSET INVESTMENTS|||||
||||||Listed|
||||||investments|
||||||8|
||MARKET VALUE|||||
||At 1 January 2022||||5,739,241|
||Additions||||1,593,201|
||D is p oasis||||(4,21(,517)|
||Revaluations||||(585,588)|
||At 31December 2022||||2,535,337|
||NET BOOK VALUE|||||
||At 31 December 2022||||2,535,337|
||At 31 December 2021||||5,739,241|
##
||||2022|2021|
|---|---|---|---|---|
||||f|f|
||Trade debtors||83,872|287,873|
||Other debtors||307|62|
||Prepayments||(7,668)|3,916|
||||76,511|291,851|
|16.|CREDITORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|||
||||2022|2021|
||||f|f|
||Bank loans and|overdraRs (see note 17)|2,855|27,229|
||Trade credttors||13,943|8,841|
||Social security|and other taxes|7,375|6,422|
||Pensions||2,045|1,894|
||Other creditors|||1,041|
||Accrued expenses||15,720|15,720|
||||41,939|61,147|
|17.|LOANS||||
||An analysts ofthe matunty ofloans is tpven below:||||
||||2022|2021|
|||||f|
||Amounts
fallmg|due vnthin one year on demand:|||
||Bank overd rails||2,856|27,229|
||2022|2021|
|---|---|---|
|Within one year|1,272|1,252|
|Between one and ftve years|1,353|2,535|
||2,635|3,887|
##
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|MOVEMENT||IN FUNDS|||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.22|in funds|funds|31.12.22|
|Unrestricted|funds||||||
|General fund|||5,977,650|(937,014)|(8,646)|5,031,990|
|Restricted funds|||||||
|Vintry fund||||(2,315)|2,315||
|Rent f'und||||(4,916)|4,916||
|Case Related|fund||1,000|||1,000|
|Energy Poverty||fund||104,854||t04 854|
|Dis geo fund|||52,259|(51,218)||1,041|
|Equal Measures||fund|88,349|(86,635)||1,714|
|Champions
Fund|||1,529|(2,944)|1,415||
|Restore fund|||28,935|(25,940)||2,995|
|Develop fund||||4,263||4,263|
||||172,072|(64,851)|8,646|115,867|
|TOTAL FUNDS|||6,149,722|(1,001,865)||5,147,857|
|Net movement||in 6nds, included|in the above are as tollows:||||
||||Incoming|Resources|Gains snd|Movement|
||||resources|expended|losses|in funds|
|||||8|8|8|
|Unrestricted|funds||||||
|General
fund|||800,046|(1,151,472)|(585,588)|(937,014)|
|Restricted feeds|||||||
|Vintry fund|||1,145|(3,460)||(2,315)|
|Rent fund|||28,296|(33,212)||(4,916)|
|Case Related|fund||6,000|(6,000)|||
|Energy Poverty||f'und|167,753|(62,899)||104,854|
|Dis geo fund||||(51,218)||(51418)|
|Equal Measures||fund|34,832|(121,467)||(86,635)|
|Champions
Fund|||1,396|(4,340)||(2,944)|
|Restore fund|||10,000|(35,940)||(25,940)|
|Develop fund|||117,305|(113,042)||4463|
||||366,727|(431,578)||(64,851)|
|TOTAL FUNDS|||1,166,773|(1,583,050)|(585,588)|(1,001,865)|
##
##
##
|Comparatives|f|or movement
in funds||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.1.21|in funds|31.12.21|
|Unrestricted|funds|||||
|General fund|||5,767,457|210,193|5,977,650|
|Restricted funds||||||
|Rent fund|||34.965|(6,030)|28,935|
|Case Related|fund||1,01)tj||I,DDD|
|Dis geo f'und||||52,259|52,259|
|Equal Measures||fund||78,349|78,349|
|Champions
Fund|||5,342|(3,813)|1,529|
|Diversity and|Indus ion||10,0110||10,DDD|
||||51,307|120,765|172,072|
|TOTAL FUNDS|||5,818,764|330,958|6,149,722|
||||Incrnning|Resources|Gains snd|Movement|
|---|---|---|---|---|---|---|
||||resour~es|expended|losses|in funds|
||||f.|f|6|6|
|Uarestricted|funds||||||
|General
fund|||1,025,735|(1,250,1 59)|434,617|210,193|
|Restricted feeds|||||||
|Rent fund|||1,353|(7,383)||(6,030)|
|Cme Related|fimd||2,789|(2,789)|||
|Energy Poverty fund|||28,000|(28,000)|||
|Dis geo f'und|||100,000|(47,741)||52,259|
|Equal Measures||fund|172,000|(93,651)||78,349|
|Champions
Fund|||35,114|(38,927)||(3,813)|
||||339,256|(218,491)||120,765|
|TOTAL FUNDS|||1,364,991|(1,468.650)|434,617|330,958|
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|||frhrn
1|rZ
ZZ||
|---|---|---|---|---|
||||2022|2021|
|INCOME AND ENDOWMENTS|||||
|Donadons
and legacies|||||
|Donations|||841,238|1,140,113|
|Other trading activities|||||
|Fundraising
events|||262,512|174,054|
|Investme
at income|||||
|Income from investmmrts|||62,028|49,845|
|Deposit account interest|||995|4|
||||63,023|49,849|
|Other income|||||
|Gain on sale oftangible|fixed assets|||975|
|Totalincondng
resources|||1,166,773|1,364,991|
|EXPENDITItRE|||||
|Raising
do asti on s and|legacies||||
|Support costs|||261,171|178,478|
|Investmeat
ma aagement||costs|||
|Portfolio management|||45,782|46,850|
|Charitable
activities|||||
|Wages|||448,038|403,102|
|Grants to individuals|||656,231|669,679|
||||1,104,269|1,072,781|
|Other|||||
|Rates and water|||36,806|39,405|
|Telephone||||720|
|Sundries|||1,828|1,134|
||||38,634|41,259|
|Support costs|||||
|Management|||||
|Sundries|||72,269|65,783|
|Iaformation
technology|||||
|Repairs and renewals|||1,930||
|Governance
costs|||||
|Accountancy
snd legal|fees||58,995|63,499|
|Total resources expended|||1,583,050|1,468,650|
|Net expenditure
before|gains and lasses||(416,277)|(103,659)|
##
||frhre
I|rZ
ZZ||
|---|---|---|---|
|||2022|2021|
|Realised reeogntsed|gains and losses|||
|Realised gains/(losses)|on fixed asset investments|(585,588)|434,6)7|
|Net (expenditure)/Ineeme||((,00I,865)|330,958|