Company registered number 3008194 Registered charity number 1043975
Bramley Elderly Action
Financial Statements
for the year ended 31st March 2022
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Bramley Elderly Action
Report of the trustees for the year ended 31 March 2022
The trustees present their report and unaudited financial statements for the year ended 31[st] March 2022.
Reference and Administrative Information
Charity name Bramley Charity Registration Number 1043975 Company Registration Number 3008194 Registered Office
Bramley Elderly Action
Bramley Community Centre Waterloo Lane Bramley LS13 2JB
Trustees
J Dawson T Parsons J Hollings Appointed 25 February 2022 L Elson B Peacock
Company Secretary
Lee Ingham
Principal staff
Lee Ingham CEO
Independent Examiner
Paul Cowham FCA DChA Green Fish Resource Centre 46 – 50 Oldham Street Manchester M4 1LE
Bankers
Virgin Money Waver Green Pudsey West Yorkshire LS28 7BG
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Bramley Elderly Action Report of the trustees for the year ended 31 March 2022
Objectives and activities
Objects
Bramley Elderly Action (BEA) was set up in 1994 in response to the Community Care Act with initial funding from the Local Authority who have continued to part fund our work.
We provide a broad range of social, health improvement activities, for the older people of Bramley and surrounding areas. Through Older Wiser Local Seniors (OWLS) we make a similar impact for older people living in Headingley and surrounding areas.
Our mission statement is to provide ‘friendship, support and opportunities for older people, leading to their improved wellbeing and improved happiness’. Our values are: ‘caring, inclusive, efficient, effective’. Our ‘Ambitious Strategic Plan (2021 -26)’ set-out how we plan to increase our impact by doubling our membership and increasing engagement amongst existing members.
In line with the organisations original Memorandum and Articles, our principal activity during the period was ‘the relief of elders in the Leeds area’.
Activities undertaken for public benefit in relation to objects
Membership of BEA is free and pre-COVID we provided a wide range of 35 regular preventative health activities to get people out-and-about. During the pandemic, staff and volunteers continued to provide safe support through phone befriending, keep-in-contact calls, doorstep-visits, a door-step delivery supermarket shopping service, access and support to new online activities. In 2021, we were appointed the Leeds winner Virgin Media’s Local Legend Campaign.
The pandemic has highlighted the importance of what we do and it has renewed our commitment to increase our impact and help increase happiness amongst local older people.
In 2011 we set up a Neighbourhood Network Scheme called Older Wiser Local Seniors (OWLS) which operates in Headingley, Burley, Hyde Park, Little Woodhouse and parts of Kirkstall. OWLS is part of BEA, although it has its own identity, membership, volunteers and range of activities.
In considering the charity’s benefit to the public, the trustees have followed the guidance published by the Charity Commission on public benefit, and are satisfied that the charity’s activities do benefit the public.
Achievements and Performance
Throughout the pandemic we continued to develop the impact we make with the support of Leeds City Council, charitable trusts, earned income, legacies, almost 200 volunteers and 1,400 members.
In 2021/22 we made a good start on our Ambitious Strategic Plan (2021 -26), assisted by the appointment of a Business Development Manager. In August 2021, we surveyed local older people (members and non-members) as to what we could to help them be happier. The 148 responses have informed the changes we are making to increase happiness.
In March 2020 we purchased our first property, which provides OWLS with a high street presence and office in central Headingley, plus a source of income from the tenants living on the first floor. We now have an income stream from four buildings, adding to Bramley Community Centre (2018), Bramley Lawn Social Centre (2014) and Bramley Community Shop (2009) which was set up by Upbeat Social Enterprise CIC. UpBEAt is closely linked to BEA but it has its own Board and financial statements.
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Bramley Elderly Action Report of the trustees for the year ended 31 March 2022
Financial Review
Financial Review
The attached accounts show the state of affairs at 31st March 2022. Over the year we operated with a small deficit (£26,146 including £14,988 deprecation). This small deficit was an achievement taking into consideration: reduced income from services and room hire; COVID funding from central government stopped (£86,031); our Leeds City Council core funding was cut (£14,681); it was the first full of year of making repayments (£35,420) on the building we purchased in 2020/21.
The good news is that we see 2022/23 as a better year with much of the funding already secured and we have started discussion with Leeds City Council to extend our core funding from October 2023 for a further five years. Leeds City Council have been our main funder since 1994.
Our financial strategy remains sustainable growth by linking our core costs (mainly staff costs) to a growing range of regular income streams e.g. Bramley Community Shop is beginning to make a small surplus. Our Ambitious Strategic Plan (2021 -26) outlines how we plan to make the best use of our resources, in order to meet our duty to local older people and to respond to the challenges they face.
In 2022, we reviewed our reserves policy and decided to strengthen reserves by £30k. Our reserves policy is to have the equivalent to a minimum of the staff redundancy costs (currently £43,000) plus a contingency fund of £50,000. The level of unrestricted funds not committed or invested in tangible fixed assets (the free reserves) at 31 March 2021 is £90,265.
This policy has been established with the following considerations being taken into account:
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its forecasts for levels of income for the current and future years, taking into account the reliability of each source of income and the prospects for developing new income sources;
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its forecasts for expenditure for the current and future years on the basis of planned activity;
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• its analysis of any future needs, opportunities, commitments or risks, where future income alone is unlikely to be able to meet anticipated costs; and
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its assessment, on the best evidence reasonably available, of the likelihood of each of those needs that justify having reserves arising and the potential consequences for the charity of not being able to meet them
The organization has placed reserves in a 95-day release investment account. The Board consider the organisation to be in a sustainable position.
Structure, governance and management Governing document
The governing document takes the form of a memorandum of association and an articles of association. In 2022 we reviewed and updated the memorandum and articles to make the wording more current. The company limited by guarantee was registered on 10 January 1995 number 3008194.
Company status
The company is limited by guarantee and all members have agreed to contribute a sum not exceeding £1 in the event of a winding-up. The number of guarantees at 31st March 2021 was 1.
Trustee selection methods
Potential trustees meet with the Chair and Chief Executive Officer (CEO) before being invited to observe a Board meeting/s. In 2021, the Board completed an audit of skills and revised our recruitment process to make sure it is in line with good practice.
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Bramley Elderly Action Report of the trustees for the year ended 31 March 2022
Induction and training of trustees
New trustees are appointed when required and to broaden the base of experience and skills available within the Trustee Board. All trustees complete the volunteer induction and are offered training where appropriate.
Organisational structure
In 2021 we completed a review of the management structure in order to better equip the organisation to better align the staff structure with our Ambitious Strategic Plan (2021 -26). In November 2021, we appointed a full time Business Development Manager in accordance with the review. Draft accounts are authorised by the Board and presented to members at the AGM before approval by the Board.
Statement of trustees’ responsibilities
The trustees are responsible for preparing the Report of the trustees and the financial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the income and expenditure of the charitable company for that period. In preparing these financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose at any time the financial position of the charitable company and to enable it to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Trustees, who are directors for the purposes of company law, and trustees for the purposes of charity law, who served during the year and up to the date of this report are set out on page 1.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities FRS 102 (issued in March 2015) and in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.
Approved by the trustees and signed on its behalf by:
................................................. Signed
Toby Parsons ................................................. Name
12 / 13 / 2022
….............................................. Date
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Independent Examiner’s Report to the trustees of
Bramley Elderly Action
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Paul Cowham MA FCA DChA Green Fish Resource Centre 46 – 50 Oldham Street Manchester M4 1LE
12 / 13 / 2022
Date……………………………..
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Bramley Elderly Action
Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2022
| Unrestricted funds Note £ Income Donations and legacies 3 48,469 Grants 4 388,543 5 62,300 Investments 6 259 Total income 499,571 Expenditure Raising funds 7 1,600 Charitable activities 8 482,167 Total expenditure 483,767 9 15,804 Transfer between funds 13,929 Net movement in funds for the year 29,733 Reconciliation of funds Total funds brought forward 241,274 Total funds carried forward 271,007 Fees and other income Net income/(expenditure) for the year |
Restricted funds £ - 49,509 - - 49,509 - 91,459 91,459 (41,950) (13,929) (55,879) 61,952 6,073 |
Total funds 2022 £ 48,469 438,052 62,300 259 549,080 1,600 573,626 575,226 (26,146) - (26,146) 303,226 277,080 |
Total funds 2021 £ 40,049 600,006 24,085 2 |
|---|---|---|---|
| 664,142 | |||
| 1,326 537,875 |
|||
| 539,201 | |||
| 124,941 - |
|||
| 124,941 178,285 |
|||
| 303,226 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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Bramley Elderly Action Company number 3008194
Balance sheet as at 31 March 2022
| Note £ £ Fixed assets Tangible assets 14 395,465 Investments 15 73 Total fixed assets 395,538 Current assets Debtors 16 17,762 Cash at bank and in hand 86,618 Total current assets 104,380 Liabilities Creditors: amounts falling due in less than one year 17 (34,349) Net current assets 70,031 Total assets less current liabilities 465,569 Creditors: amounts falling due after more than one year 18 (188,489) Net assets 277,080 Funds of the charity Restricted income funds 19 6,073 Unrestricted income funds 20 271,007 Total charity funds 277,080 2022 |
£ £ 398,530 73 398,603 9,926 158,980 168,906 (34,577) 134,329 532,932 (229,706) 303,226 61,952 241,274 303,226 2021 |
£ £ 398,530 73 398,603 9,926 158,980 168,906 (34,577) 134,329 532,932 (229,706) 303,226 61,952 241,274 303,226 2021 |
|---|---|---|
| 398,603 134,329 |
||
| 532,932 (229,706) |
||
| 303,226 | ||
| 61,952 241,274 |
||
| 303,226 |
For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The notes on pages 9 to 20 form part of these accounts.
Approved by the trustees on …..................... and signed on their behalf by:17 Sep 22
Toby Parsons Signed
Name
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Bramley Elderly Action
Statement of Cash Flows for the year ending 31 March 2022
| Note 2022 £ Cash provided by/(used in) operating activities - (19,481) Cash flows from investing activities: Bank interest 259 Proceeds from sale of tangible fixed assets - Purchase of tangible fixed assets (11,923) Proceeds from sale of investments - Purchase of investments - Cash provided by/(used in) investing activities (11,664) Cash flows from financing activities: Repayment of borrowing (41,217) Cash inflows from new borrowing - Cash provided by/(used in) financing activities (41,217) (72,362) Cash and cash equivalents at the beginning of the year 158,980 Cash and cash equivalents at the end of the year 86,618 Increase/(decrease) in cash and cash equivalents in the year |
2021 £ 159,267 |
|---|---|
| 2 - (61,293) - - |
|
| (61,291) | |
| (11,397) - |
|
| (11,397) | |
| 86,579 72,401 |
|
| 158,980 |
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022
1 Accounting policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Bramley Elderly Action meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
b Reconciliation with previous Generally Accepted Accounting Practice
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No such restatement was required.
c Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. Covid 19 has meant that the charity has had to adapt its provision of services (i.e. a shopping service has been set up for older people who are unable to go shopping during lockdown), although it has not been able to offer the full range of services in order to comply with social distancing. The main funding streams have not been impacted by Covid19 and the trustees are happy that the charity is a going concern.
There are no key judgments which the trustees have made which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022 (continued)
d Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
e Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
f Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022 (continued)
g Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
h Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
i Operating leases
Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.
j Tangible fixed assets
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Motor vehicles: 4 years Office fixtures and equipment 4 years Leasehold improvements 10 - 25 years Freehold building 50 years Freehold improvements 25 years
m Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
n Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022 (continued)
O Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
P Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Q Pensions
The charity pays into NEST for pensions under the auto enrolment scheme for its employees
2 Legal status of the charity
The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.
3 Income from donations and legacies
| Donations Legacy Total |
Unrestricted Restricted Total 2022 £ £ £ 6,067 - 6,067 42,402 - 42,402 |
Unrestricted £ 3,580 36,469 |
Restricted Total 2021 £ £ - 3,580 - 36,469 |
|---|---|---|---|
| 48,469 - 48,469 |
40,049 | - 40,049 |
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022 (continued)
4 Income from charitable activities
| Total LCC 100% Digital LCC Kickstart LCC Covid Leeds City Council Public Health (BEA) SWIFt Time to Shine Barca Leeds Leeds City Council Public Health (OWLS) Leeds Hospitals Charity Coop foundation Leeds Community Foundation Harrison and Potter Trust Bramley Variety Show Leeds Older Peoples Forum Ladies Benevolent Society LCC 52 North Lane Development Big Lottery Community Fund Other grants/contracts <= £1,000 HMRC JRS Leeds City Council NSS Contract (BEA) Leeds City Council NSS Contract (OWLS) |
Unrestricted Restricted Total 2022 £ £ £ 215,995 - 215,995 84,573 - 84,573 - - - - - - 30,000 - 30,000 - 19,581 19,581 - 10,000 10,000 - 428 428 - - - - - - - 5,706 - 5,706 1,350 - 1,350 - 7,000 7,000 15,000 - 15,000 2,381 - 2,381 2,550 - 2,550 30,000 - 30,000 - 12,500 12,500 988 - 988 |
Unrestricted £ 226,615 88,634 - - 30,000 5,000 - - 83,031 - - - - - 35,000 - - - - 925 |
Restricted Total 2021 £ £ - 226,615 - 88,634 12,162 12,162 24,324 24,324 - 30,000 - 5,000 50,000 50,000 11,278 11,278 3,000 86,031 800 800 18,900 18,900 - - - - 5,100 5,100 - 35,000 1,277 1,277 3,960 3,960 - - - - - 925 |
|---|---|---|---|
| 388,543 49,509 438,052 |
469,205 | 130,801 600,006 |
5 Fees and other income
| Fees and other income | ||
|---|---|---|
| Fees and sales Property Income Fundraising income Other income |
2022 £ 30,848 25,518 5,696 238 |
2021 £ 1,741 17,907 4,437 - |
| 62,300 | 24,085 |
All income from fees and trading is unrestricted.
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022 (continued)
6 Investment income
| Investment income | |||
|---|---|---|---|
| Income from bank deposits |
Unrestricted Restricted 2022 £ £ £ 259 - 259 |
Unrestricted £ 2 |
Restricted 2021 £ £ - 2 |
| 259 - 259 |
2 | - 2 |
All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted.
7 Analysis of expenditure on raising funds
| Total 2022 | Total 2021 | |
|---|---|---|
| £ | £ | |
| Fundraising costs | 1,600 | 1,326 |
8 Analysis of expenditure on charitable activities
| Depreciation Staff costs Premises costs General running costs Activities costs Professional fees Mortgage interest Other governance costs Other governance costs Independent examination Restricted expenditure Unrestricted expenditure |
Total 2022 £ 14,988 388,443 35,103 52,781 62,580 8,177 9,113 941 1,500 |
Total 2021 £ 16,066 372,794 32,766 50,152 48,265 5,260 9,113 2,259 1,200 |
|---|---|---|
| 573,626 | 537,875 | |
| 2022 £ 91,459 482,167 |
2021 £ 112,715 425,160 |
|
| 573,626 | 537,875 |
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022 (continued)
9 Net income/(expenditure) for the year
| This is stated after charging/(crediting): | 2022 | 2021 |
|---|---|---|
| £ | £ | |
| Depreciation | 14,988 | 16,066 |
| Operating lease rentals: | ||
| Property | ||
| Independent examiner's remuneration | ||
| - accountancy | 750 | 750 |
| - independent examination | 750 | 750 |
10 Staff costs
Staff costs during the year were as follows:
| ff costs during the year were as follows: | ||
|---|---|---|
| Wages and salaries Social security costs Employers pension contributions Staff and volunteer expenses, travel, training Freelance staff Recruitment & pension fees |
2022 £ 345,456 19,524 8,054 8,399 3,678 3,332 |
2021 £ 333,320 19,090 7,843 6,960 2,563 3,018 |
| 388,443 | 372,794 |
No employee has employee benefits in excess of £60,000 (2021: Nil).
The average number of staff employed during the period was 19 (2021: 20).
The average full time equivalent number of staff employed during the period was 15 (2021: 15).
The key management personnel of the charity comprise the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £50,003 (2021: £90,706 - this comparative figure also included the Services and Development Manager).
11 Trustee remuneration and expenses, and related party transactions
Neither the trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2021: Nil).
Aggregate donations from related parties were £nil (2021: £nil).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2021: nil).
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022 (continued)
12 Government grants
The government grants recognised in the accounts were as follows:
| Leeds City Council | 2022 £ 326,283 |
2021 £ 351,735 |
|---|---|---|
| 326,283 | 351,735 |
There were no unfulfilled conditions and contingencies attaching to the grants.
13 Corporation tax
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
14 Fixed assets: tangible assets
| Cost Additions Disposals Depreciation Charge for the year Disposals Net book value At 31 March 2022 At 31 March 2021 At 1 April 2021 At 31 March 2022 At 31 March 2022 At 1 April 2021 |
Freehold Freehold Property Improvements Vehicles £ £ £ 270,000 39,894 43,880 - 5,955 - - - - |
Leasehold Improvements £ 70,100 5,968 - |
Fixtures, fittings & Total equipment £ £ 38,466 462,340 11,923 - - |
|---|---|---|---|
| 270,000 45,849 43,880 |
76,068 | 38,466 474,263 |
|
| 5,400 1,596 3,657 (5,400) 1,834 12,544 - - - |
20,972 3,757 - |
32,185 63,810 2,253 14,988 - - |
|
| - 3,430 16,201 |
24,729 | 34,438 78,798 |
|
| 270,000 42,419 27,679 |
51,339 | 4,028 395,465 |
|
| 264,600 38,298 40,223 |
49,128 | 6,281 398,530 |
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022 (continued)
15 Investments
| Investments | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Shares in group undertaking (at cost) | 73 | 73 |
16 Debtors
| Debtors | ||
|---|---|---|
| Trade debtors Other debtors & prepayments |
2022 £ 13,228 4,534 |
2021 £ 7,701 2,225 |
| 17,762 | 9,926 |
17 Creditors: amounts falling due within one year
| Trade creditors Other creditors and accruals Loan repayments |
2022 £ 4,620 3,422 26,307 |
2021 £ 15,940 7,240 11,397 |
|---|---|---|
| 34,349 | 34,577 |
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022 (continued)
18 Creditors: amounts falling after more than one year
| Key fund mortgage Co-op foundation loan Repayable after more than 5 years by instalments Repayable after more than 5 years other than by instalments |
2022 £ 164,531 23,958 |
2021 £ 181,790 47,916 |
|---|---|---|
| 188,489 | 229,706 | |
| 98,197 | 110,697 | |
| - | - |
Both the mortgage and the loan are secured on freehold property purchased by the charity in March 2020. The property is 52/52a North Lane, Headligley, Leeds, LS6 3HU
19 Analysis of movements in restricted funds
| Awards for All BARCA Community Hub Grants LCC 100% digital LCC Public Health Leeds Hospitals Charity National Lottery Community Fund Harrison and Potter Trust 1 Harrison and Potter Trust 2 LCC Covid LCC 52 North Lane Development HMRC JRS |
Balance at 1 April 2021 Income £ £ 2,037 - - 19,581 2,099 - 26,388 - - 12,500 7,428 10,000 3,600 - - 7,000 1,500 - 18,900 - - 428 |
Expenditure £ (2,037) (19,581) (1,783) (31,359) (9,763) (17,428) (3,600) (5,480) - - (428) |
Transfers Balance at 31 March 2022 £ £ - - - - - 316 4,971 - - 2,737 - - 1,500 1,500 - 1,520 (1,500) - (18,900) - - - |
|---|---|---|---|
| 61,952 49,509 |
(91,459) | (13,929) 6,073 |
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022 (continued)
19 Analysis of movements in restricted funds (continued)
| Analysis of movements in restricted funds (continued) | cted funds (continued) | ||
|---|---|---|---|
| Balance at 1 April 2020 Income Expenditure Transfers Balance at 31 March 2021 £ £ £ £ £ Awards for All 2,037 - - - 2,037 Morrisons - Leeds Older Peoples Forum - 3,960 (3,960) - - LCC 100% digital 2,586 800 (1,287) - 2,099 LCC Public Health - 36,486 (10,098) - 26,388 Leeds Community Foundation - 1,277 (1,277) - - Minibus Fund 20,000 - (20,000) - - National Lottery Community Fund 17,243 50,000 (59,815) - 7,428 Harrison and Potter Trust - 5,100 (1,500) - 3,600 LCC Covid - 3,000 (1,500) - 1,500 LCC 52 North Lane Development - 18,900 - 18,900 HMRC JRS - 11,278 (11,278) - - LCC Wellbeing OWLS - Bramley Lawn Fund - YBS charitable fund 2,000 - (2,000) - - 43,866 130,801 (112,715) - 43,052 Analysis of movement in unrestricted funds Balance at 1 April 2021 Income Expenditure Transfers As at 31 March 2022 £ £ £ £ £ 140,471 499,571 (468,779) (80,998) 90,265 100,803 - (14,988) 94,927 180,742 241,274 499,571 (483,767) 13,929 271,007 Balance at 1 April 2020 Income Expenditure Transfers As at 31 March 2021 £ £ £ £ £ 33,543 628,070 (505,149) (15,993) 140,471 100,876 - (16,066) 15,993 100,803 134,419 628,070 (521,215) - 241,274 Previous reporting period General fund The balances on restricted funds are all unexpended grants for the charity's projects. General fund Fixed assets fund/mortgage fund Fixed assets/mortgage fund Previous reporting period |
Balance at 1 April 2020 Income £ £ 2,037 - - 3,960 2,586 800 - 36,486 - 1,277 20,000 - 17,243 50,000 - 5,100 - 3,000 - 18,900 - 11,278 2,000 - |
Expenditure £ - (3,960) (1,287) (10,098) (1,277) (20,000) (59,815) (1,500) (1,500) - (11,278) (2,000) |
Transfers Balance at 31 March 2021 £ £ - 2,037 - - - - 2,099 - 26,388 - - - - - 7,428 - 3,600 - 1,500 18,900 - - - - - - |
| 43,866 130,801 |
(112,715) | - 43,052 |
|
| 241,274 499,571 |
(483,767) | 13,929 271,007 |
|
| Balance at 1 April 2020 Income £ £ 33,543 628,070 100,876 - |
Expenditure £ (505,149) (16,066) |
Transfers As at 31 March 2021 £ £ (15,993) 140,471 15,993 100,803 |
|
| 134,419 628,070 |
(521,215) | - 241,274 |
20 Analysis of movement in unrestricted funds
Name of Description, nature and purposes of the fund General fund The free reserves of the charity Fixed assets fund This represents the net book value of the fixed assets that are not considered to be part of the general fund, the balance of the long term loan and mortgage has been netted off this amount
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Bramley Elderly Action
Notes to the accounts for the year ended 31 March 2022 (continued)
21 Analysis of net assets between funds
| Tangible fixed assets Net current assets/(liabilities) Total |
General fund £ 395,465 (36,845) |
Designated funds £ - 100,803 |
Restricted funds Total £ £ - 395,465 6,073 70,031 |
|---|---|---|---|
| 170,204 | 100,803 | 6,073 277,080 |
22 Reconciliation of net movement in funds to net cash flow from operating activities
| Net income/(expenditure) for the year Adjustments for: Depreciation charge Loss/(profit) on sale of fixed assets (Gains)/losses on investments Dividends, interest and rents from investments Decrease/(increase) in stock Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash provided by/(used in) |
2022 £ (26,146) 14,988 - - (259) - (7,836) (228) |
2021 £ 124,941 16,066 - - (2) - 6,662 11,600 |
|---|---|---|
| (19,481) | 159,267 |
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Doc ID: 7b6e36eab0eed240f2167e6ddb5b09a49b84758e