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2022-03-31-accounts

Registered No.03068661 Charity No.1047403

BRANCHING OUT (A company limited by guarantee)

FINANCIAL STATEMENTS AND TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2022

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 3
Trustees’ Report (incorporating Directors’ Report) 4 - 11
Independent Examiner’s Report 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Financial Statements 15 - 26

-2-

BRANCHING OUT TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The Trustees, who are also Directors for the purposes of company law, present their report and the financial statements of the Charity for the year ended 31 March 2022.

Reference and administrative details of the Charity, it’s Trustees and Advisers for the year ended 31 March 2022 are as follows:

REGISTERED NUMBER 03068661
CHARITY REGISTRATION
NUMBER 1047403
TRUSTEES Dr K B Taylor, Chairperson (resigned as Chairperson 31 March 2022)
Mr B W Hayes
Mrs V Bowles
Mr J Hummersone
Mrs M Moll (appointed 27 May 2021)
Mr J Boyle (appointed 29 July 2021 and as Chairperson 31 March 2022)
Mr S J Gamble (resigned 19 November 2021)
REGISTERED OFFICE 27 Grange Lane
Littleport
Cambridgeshire
CB6 1HW
INDEPENDENT EXAMINER H Wisbey ACA
Whitings LLP
14C Compass Point Business Park
Stocks Bridge Way
St Ives
Cambridgeshire
PE27 5JL
BANKERS Barclays Bank Plc
28 High Street
Ely
Cambridgeshire
CB7 4LA

BRANCHING OUT TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Structure, Governance and Management

Legal status and structure, and management

Branching Out was founded in 1994 as a registered charity and became a private limited company in 1995. The Directors (who also act as Trustees for the Charity) are listed on page 3. The company operates from leased premises in Littleport, providing training to benefit adults with learning disabilities. Branching Out is governed by its Board of Trustees who are elected by attendees at our General Meeting. Trustees can also co-opt additional Trustees to the Board, who must subsequently be elected at the General Meeting. The election or appointment of Trustees is detailed in the Articles of Association.

Trustees meet 6 times a year to monitor performance, provide support within their areas of expertise and review the strategic direction of the Charity. Day to day management is delegated to the General Manager. Membership of the Board reflects the expertise of the respective Trustees in relation to the activities undertaken by the Charity. Minutes of the meetings are subsequently circulated to the full Board.

The induction process for Trustees includes attendance at an initial meeting of the Board and further in-depth briefings from the General Manager. Further training is arranged to meet the specific needs of individual Trustees.

Details of last year's Annual General Meeting

The 26th AGM was held on 25 November 2021. The Board of Directors was approved unanimously for another year. The Annual Report and Accounts were apdopted unanimously.

Details of this year's Annual General Meeting

The company's 27th AGM will be held on 24 November 2022. At the meeting the Directors/Trustees will be asked to approve the receipt of the Annual Report and Independently Examined Accounts for the financial year ended 31 March 2022. New appointments to the board will also be considered.

About Us:

We are a local charity based in East Cambridgeshire. We support adults at risk with learning disabilities in a variety of fun work experience and social activities. Our high-quality staff team helps people, with encouragement to overcome difficulties and achieve in everyday life. The people we support are involved to become part of the Branching Out team helping the community with hands on experience.

Vision:

When we achieve, we have value, when we make mistakes, we have understanding, when we look after our environment, we have a community.

Mission:

We provide work experience with training for adults with learning disabilities, improving the environment and community. A wide choice of provision, tailored to meet the needs of the individual creates achievement and self-worth.

BRANCHING OUT TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Values:

Branching Out values and supports vulnerable adults with learning disabilities in East Cambridgeshire. The people we support are given a choice of the types of work experience they would like and are regularly consulted to see if they would like any changes.

We encourage the people we support to feel safe and build friendships with respect for each other and the wider community of Branching Out.

Our values are:

We will also:

Trustees’ Review 2021/22

We are proud of the support of our staff and volunteers, who have again shown how passionately they care about adults who use Branching Out services.

Our focus is upon adults with learning disabilities who live in the Cambridgeshire area. The objects of the Charity say:

‘The objects of the company shall be support and training for adults residing in the Cambridgeshire area who have learning disabilities, in particular the provision of education, training and advocacy to equip them for independent living within the community’

We have found that by listening to people carefully we are able to develop our sense of ambition as Trustees to create wider services to support adults who access the services we provide.

We know we can continue to make an impact by listening to the views of adults who use our services, volunteers and staff and that will continue to be the most important way to guide our decisions.

We have the following additional objects for the Charity:

‘To grant emergency financial assistance to current clients of the Charity to alleviate temporary hardship to them’

‘To establish and run shops to raise funds for the Charity by selling donated and second-hand goods of any kind but not in such a way as would constitute permanent trading’

BRANCHING OUT TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2022

We know that Branching Out services enrich the lives of so many people and we want everyone involved to feel that sense of optimism and belonging to Branching Out.

Recruitment and retention of staff that share common values are vital to enhance our services and to support the advocacy work social care ask us to undertake. We have an apprenticeship scheme to support potential new staff into employment. Staff training continues to be a priority to maintain safe practices for vulnerable adults and to adhere to national guidelines for health and safety.

Our charity shop in Littleport continues to be vital to the success of Branching Out and provide work related experiences for volunteers from the community.

Our website and use of social media have improved our communications overall, and we are always happy to receive feedback and suggestions.

Making a difference and public benefit:

The Trustees have had due regard for the Charity Commission’s guidance on public benefit.

All the adults at risk with learning disabilities who use our services benefit from all organisations working together in partnership to support the adult at risk. During the year objectives are agreed for the year ahead and progress during the past year is reviewed and monitored. In 2021/22 we were operating under the impact of the COVID-19 pandemic. Due to government guidelines and national lockdowns/tiers we delivered a service subject to guidance updates. In addition to the day placements, we did manage to deliver an extensive range of remote support so that all the people we support continued to benefit from the Charity throughout the pandemic We provided this service to an average of 36 people on a weekly/daily basis.

Our volunteers make a real difference to peoples’ lives on a daily basis and they also benefit from the opportunity to be involved in their community. During the year because of the COVID-19 pandemic impact volunteering opportunities we were limited to volunteering opportunities in the charity shop. We are very grateful to our volunteers for their continued support during this time with helping us to close and re-open the shop on various occasions according to changing guidelines and we kept in touch with the shop and other volunteers throughout the year. During the year we averaged approximately 40 volunteer hours per week (160 hours per month and 1920 hours per year).

We would like to thank all our volunteers who make such a difference to the lives of adults at risk in their community through all the various volunteer roles they undertake at Branching Out. We are grateful to all the individual donors and organisations from our community who have worked hard to help us to raise funds over the last year to support our work and build on the success of previous years.

During the year we have continued to develop the promotion of Branching Out via social media and increased our presence and awareness amongst our local community. It is important that we build on our social media presence to increase awareness of our work and how the community can get involved to support us.

BRANCHING OUT TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The activities we provide to our service users each day are based on their preferences and identified need. These preferences and needs are identified with the service users and their circle of support including other professionals at each individual service user’s review. This brings service user led change and development of Branching Out activities to meet the needs of the people we support. Information on current activities is available on our website and Facebook.

We have one charity shop which we run for fundraising to subsidise the income we receive for social care placements and to pay for additional resources to ensure our ability to work to high quality standards. The charity shop also has the added benefit of providing quality items to the community at a low cost and promoting recycling and reducing landfill. We have a system for helping those from or moving into our community in desperate need, with a basics pack subject to stock availability.

We continue to plant and water the village planters in Littleport for the Parish Council.

We recognise that special care day provision is not at the current time subject to Care Quality Commission inspections, however we realise that this will happen in the future, and we are actively working to CQC standards.

We intend to continue our apprenticeship scheme in order to transfer skills to a younger generation of people who want to develop a career in social care.

Financial Review and Reserves Policy:

Branching Out is dependent on a number of fluctuating income streams particularly statutory funding, fundraising, shop profits, trust and corporate donations.

A deficit budget for 2021/22 of £32,476 was approved by Trustees following their meeting 25 February 2021. At that time income steams were expected to be constrained and sufficient reserves were available to bridge the gap.

It is pleasing to report that the accounts show only a small General Fund reduction for the year of £1,451. This is attributable to the charity shop income being well above budget and additional COVID related grants (unbudgeted) received from government.

The Trustees are required to maintain a level of reserves so that the Charity can continue its operations in the event of an unforeseen shortfall in income or a significant increase in costs.

At the balance sheet date the Charity holds unrestricted funds of £478,774 (2021: £488,955) (which can be expended at the discretion of the Trustees in furtherance of the Charity’s objects) and restricted funds of £3,500 (2021: £4,815) (which can only be applied for specific purposes). Full details of the reserves held and their purposes can be found in Note 17 of the accounts on page 24.

The General Fund (unrestricted) is required to support future projects for service users, finance capital spending needs (e.g. repairs to buildings and renewal of technology), to deal with uninsured events and provide a contingency for the operational delivery of business.

BRANCHING OUT TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Financial Control and Audit

The Trustees have responsibility for the oversight of key issues such as the financial management and prevention of fraud. Trustees have approved a set of Financial Regulations (including an Investment Policy and an Anti Fraud, Corruption and Bribery Policy). This key governance document sets out who is responsible for the various financial activities. At every meeting of the Board the Treasurer reports the latest financial position and the outlook.

The Board of Trustees has determined that the 2021/22 accounts will be subject to an Independent Examination (IE) instead of a full audit. There is a significant cost saving and a reduction in the support required from the Charity for the process. Whitings LLP has been appointed and the Board will determine each year whether an IE or a full audit is required.

Going concern

In considering its Medium Term Financial Plan for 2022/25, Branching Out’s Board of Trustees has assessed the Charity’s finances and resources, and approved a budget for 2022/23. On the basis of this assessment the Board of Trustees believe that the Charity is in a position to manage its business risks and it therefore has a reasonable expectation that adequate resources exist for the Charity to continue to operate for the foreseeable future and it continues to adopt the going concern basis of accounting in preparing these financial statements.

Health & Safety

The Trustees and management monitor health and safety within the organisation. Each work area carries out periodic health and safety checks. The General Manager and Trustees carry out an annual Health and Safety check. In addition, we have an annual external health and safety audit. All checks and audits result in setting of actions as required. All employees have a vital part to play in the monitoring of health and safety within Branching Out and they are encouraged to report all hazards using our hazard reporting system. Any hazards are followed up with an open and honest discussion with the sole purpose of working to identify and reduce hazards to a minimum.

Disability and Equality

We have a Disability & Equality Scheme regarding ensuring Branching Out gives full and equal access to all our beneficiaries.

We have an Equal Opportunities Policy which is given to all new employees as part of their induction.

Where employees or beneficiaries have or develop a disability it is Branching Out’s policy wherever possible to provide reasonable adaptations to enable their employment or the service they receive to continue.

Employee involvement

We have employee involvement embedded into the culture of our organisation. Information is continually provided and shared with all our employees within the open culture of our organisation. All staff are consulted on the changes affecting their work activities and the organisation. Regular meetings are held with staff to seek a two-way flow of information. We use Microsoft Teams to share information with staff and in addition we use a specified social media site to share ideas among the staff team.

BRANCHING OUT TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Service User involvement

We are committed to providing our service users with the information they need to access our site as independently as possible. We use specialised software for signage and assistive technology.

In addition, our open culture is extended to include our service users. The staff explain all activities to our service users and expand on service users' ideas and choices throughout the organisation. All changes are discussed with all our service users and their opinion is valued.

All service users are involved in reviewing their support plans. All support plans are personalised to include likes, dislikes and photographic evidence of outcomes. All service users are familiar with their support plan and are able to use it to communicate their achievements within their circle of support during their annual reviews.

Use of Restrictive Interventions

Our support staff receive high quality, specialised training from PROACT SCIP ® UK for proactive, active and reactive support using the least restrictive option focusing in on individuals' skills and preferences establishing the most proactive options. Our Proactive Support Team Manager is a qualified PROACT SCIP ® UK Instructor training our workforce and other organisations in the area in partnership with Cambridgeshire County Council. We are a PROACT SCIP ® UK sub-centre.

Trustees Liabilities

Branching Out indemnifies the Trustees and management against liability in respect of proceedings brought by third parties. This third-party indemnity provision was in force during the year. The insured amounts are Professional liability is £5m (2021: £5m) and Management liability is £1m (2021: £1m) at a cost of:

Professional Liability - £1,099.44 Management Liability - £448.00 (Both inclusive of Insurance Premium Tax).

Governance

The Board ensures the good and effective ongoing governance of Branching Out. Key responsibilities are any governance matters which need to be addressed, overseeing the appointment, re-election and retirement of Trustees, ensuring good distribution of skills and experience among the Trustees and advising on the appointment of the General Manager.

Staff, Volunteers and Trustees

Finally, the Chair would like to thank the service users, staff, volunteers and fellow Board members for their commitment, dedication and hard work during the past year.

Fundraising

The Charity understands its duty to protect the public, including vulnerable people, from unreasonably intrusive or persistent fundraising approaches and undue pressure to donate. It does not currently undertake significant activities in order to fundraise from the public nor does it use any internal fundraisers or external fundraising agencies for either telephone or face-to-face campaigns and received no fundraising complaints during the year.

BRANCHING OUT TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2022

What we wanted to happen during the year

What did happen during the year

What we want to happen in the future

We will continue to deliver a high quality, and efficient service for adults with learning disabilities.

An important part of this is to continually review our ability to raise income to support our work via our charity shop.

Striving to ensure our facilities are good quality.

Subject to cost and funding we are hoping to complete the following over the next few years:

The Trustees support a positive work life balance and are pleased to report this is happening.

Responsibilities of the Trustees

The Trustees (who are also the Directors of Branching Out Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

BRANCHING OUT TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy, at any time, the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small Company Provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Registered office: 27 Grange Lane Littleport Ely Cambridgeshire CB6 1HW

Signed on behalf of the Trustees

John Hummersone (Nov 2, 2022 09:13 EDT)

Mr J Boyle Mr J Hummersone Chairperson Trustee and Treasurer Date: 03/11/2022 Date: 02/11/2022

BRANCHING OUT INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BRANCHING OUT FOR THE YEAR ENDED 31 MARCH 2022

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022 which are set out on pages 13 to 26.

Responsibilities and basis of report

As the charity 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 company’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 am 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 that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

Signed:

Hannah Wisbey ACA Whitings LLP Raleigh House 14C Compass Point Business Park Stocks Bridge Way St Ives Cambridgeshire PE27 5JL

Date:

BRANCHING OUT STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Note
Income from
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
Total income
Expenditure on
Raising funds
8
Charitable activities
8
Total expenditure
Net Expenditure/Income (-)
12
Transfer between Funds
Reconciliation of funds
Total funds brought forward
17
Total funds carried forward
17		 As restated
Unrestricted
Restricted
Total
Prior year
funds
funds
funds
total funds
£
£
£
£
15,463
17,601
33,064
29,204
304,475
-
304,475
308,051
93,626
-
93,626
43,419
55
-
55
214
3,714
-
3,714
80,614
417,333
17,601
434,934
461,502
105,183
-
105,183
98,372
322,310
18,937
341,247
320,984
427,493
18,937
446,430
419,356
10,160
1,336
11,496
-42,146
-21
21
-
-
488,955
4,815
493,770
451,624
478,774
3,500
482,274
493,770

All income and expenditure derives from continuing activities.

BRANCHING OUT BALANCE SHEET YEAR ENDED 31 MARCH 2022

Note
Fixed Assets
Tangible assets
13
Current Assets
Debtors
14
Cash at bank and in hand
Current Liabilities
Creditors: Amounts falling due in one year
15
Net Current Assets
Total Assets
Represented by:
Charity Funds
Unrestricted funds
General Fund
17
Designated Funds
17
Restricted Funds
17
Total Funds		 £
£
£
£
120,387
129,116
13,572
25,969
360,138
357,557
373,710
383,526
-11,823
-18,872
361,887
364,654
482,274
493,770
219,894
221,345
258,880
267,610
3,500
4,815
482,274
493,770
at 31 March 2022
at 31 March 2021

The Charity's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements (which include the notes on pages 15 to 26 ) were approved and authorised for issue by the Board of Trustees on 28 October 2022 and signed on their behalf, by:

John Hummersone (Nov 2, 2022 09:13 EDT)

Mr J Boyle Chairperson

Mr J Hummersone Trustee and Treasurer

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. GENERAL INFORMATION

2. ACCOUNTING POLICIES

Basis of preparation of the financial statements

Company status

Fund accounting

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Income

Expenditure

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Pensions

Tangible fixed assets and depreciation

Freehold Property - over 25 years (straight line basis) Long Term Leasehold Property - over the term of the lease (straight line basis) Plant and Machinery - between 2 and 10 years (straight line basis)

Operating leases

Stocks

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Debtors

Cash at bank and in hand

Liabilities and provisions

Financial instruments

Going concern

Estimates and significant accounting policies

Government grants

Taxation

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3. DONATIONS AND LEGACIES

3.
DONATIONS AND LEGACIES
4.
INCOME FROM CHARITABLE ACTIVITIES
5.
INCOME FROM OTHER TRADING ACTIVITIES
6.
INVESTMENT INCOME
Unrestricted Funds
Donations
Grants
Restricted Funds
Donations
Grants
Total
Unrestricted Funds
Service User Income
Horticulture
Unrestricted Funds
Fundraising
Littleport Charity Shop
Rental Income
Ebay Sales
Other
Unrestricted Funds
Bank Interest Receivable		 2021/22
2020/21
£
£
15,463
13,203
-
-
15,463
13,203
565
565
17,036
15,436
17,601
16,001
33,064
29,204
2021/22
2020/21
£
£
301,556
306,317
2,919
1,734
304,475
308,051
2021/22
2020/21
£
£
1,942
1,865
65,320
24,873
10,380
7,413
15,761
9,005
224
263
93,626
43,419
2021/22
2020/21
£
£
55
214
55
214

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7. OTHER INCOME

8.
ANALYSIS OF EXPENDITURE BY ACTIVITY
Unrestricted Funds
Other Operating Income
Insurance Claims
COVID Retail Grant
COVID Job Retention Scheme Grant
Costs of raising funds
Charitable Activities:
To support adults with learning difficulties
Total		 2021/22
2020/21
£
£
-
564
-
13,623
2,667
19,907
1,047
46,520
3,714
80,614
Direct
Costs
Support Costs
(Note 9)
Total Costs
2021/22
£
£
£
65,007
40,176
105,183
242,852
98,395
341,247
307,859
138,571
446,430

All 2021/22 expenditure was unresticted, except for Charitable Activities of £18,937 which was restricted.

Analaysis of expenditure by activity - prior year - as restated

Costs of raising funds
Charitable Activities:
To support adults with learning difficulties
Total		 Direct
Costs
Support Costs
(Note 9)
Total Costs
2020/21
£
£
£
Restated
Restated
Restated
49,402
48,970
98,372
215,035
105,949
320,984
264,437
154,919
419,356

All 2020/21 expenditure was unresticted, except for Charitable Activities of £11,486 which was restricted.

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. SUPPORT COSTS

Unrestricted Funds
Premises
Wages and Salaries
Governance Costs (Note 10)
Other		 2021/22
2020/21
£
£
Restated
16,900
10,285
97,090
116,318
8,707
14,932
15,874
13,384
138,571
154,919

10.

GOVERNANCE COSTS

11a.
STAFF COSTS
Unrestricted Funds
Independent Examination Fee (estimated)
Auditor remuneration - prior years
Financial advice and consultancy
Unrestricted Funds
Wages and Salaries
Employer's National Insurance
Employer's Pension Contributions		 2021/22
2020/21
£
£
2,100
-
-654
8,394
7,261
6,538
8,707
14,932
2021/22
2020/21
£
£
289,234
285,972
17,136
17,236
5,421
5,059
311,791
308,267

The average number of persons employed by the Charity during the year was as follows:

Charitable Activity Staff
Fundraising and Trading Staff
Administrative Staff		 2021/22
2020/21
9.2
8.2
5.3
4.7
3.7
3.3
18.2
16.2

11b. KEY MANAGEMENT PERSONNEL

No employee received remuneration of more than £60,000 in either year.

The Charity considers its key management personnel to comprise 3 people. During the year, the total employment benefits of these 3 key management personnel, salary, employer’s national insurance and pension contributions, was £121,276 (2021: £116,211).

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12. NET EXPENDITURE/INCOME (-)

Net Income/Expenditure is stated after charging:

Unrestricted Funds
Independent Examination fee (estimated)
Auditor remuneration - current year
Auditor remuneration - prior year
Auditor remuneration - for other services
Depreciation
Operating Lease Rentals - Land and Buildings		 2021/22
2020/21
£
£
2,100
-
-
6,540
-654
1,854
-
2,904
21,226
21,550
5,000
3,025
27,672
35,873

13. TANGIBLE FIXED ASSETS

Long Term
Freehold Leasehold Plant and
Property Property Machinery Total
£ £ £ £
Cost
At 1 April 2021 119,620 247,288 75,480 442,388
Additions 6,421 - 12,519 18,940
Disposals -1,038 -2,366 -26,633 -30,037
At 31 March 2022 125,003 244,922 61,366 431,291
Depreciation
At 1 April 2021 72,102 183,963 57,207 313,272
Charge for the year 4,975 11,259 4,992 21,226
On disposals -585 -1,206 -21,803 -23,594
At 31 March 2022 76,492 194,016 40,396 310,904
Net Book Value
At 31 March 2022 48,511 50,906 20,970 120,387
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At 31 March 2021 47,518 63,325 18,273 129,116
14. DEBTORS
2021/22 2020/21
£ £
Trade Debtors 8,913 7,340
Other Debtors - 15,377
Prepayments and Accrued Income 4,659 3,252
13,572 25,969

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

15. CREDITORS

CREDITORS
2021/22 2020/21
£ £
Trade Creditors 2,684 4,112
HMRC 4,933 3,585
Other Creditors 3,967 800
Accruals and Deferred Income 239 10,375
11,823 18,872

16. ANALYSIS OF ASSETS AND LIABILITIES REPRESENTING EACH OF THE CHARITY’S FUNDS

Current Year 2021/22

Current Year 2021/22
Tangible Fixed Assets
Current Assets
Creditors due within one year
Total
Previous Year 2020/21
Tangible Fixed Assets
Current Assets
Creditors due within one year
Total		 Unrestricted
Funds
2021/22
Resricted
Funds
2021/22
Total
Funds
2021/22
£
£
£
120,387
-
120,387
370,210
3,500
373,710
-11,823
-
-11,823
478,774
3,500
482,274
Unrestricted
Funds
2020/21
Resricted
Funds
2020/21
Total
Funds
2020/21
£
£
£
129,116
-
129,116
378,711
4,815
383,526
-18,872
-
-18,872
488,955
4,815
493,770

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17. STATEMENT OF FUNDS

Current Year 2021/22
Unrestricted Funds
Designated Funds
Fixed Asset Fund
Emergency Operating Reserve
Replacement Fund
Emergency Fund
Total Designated Funds
General Fund
Total Unrestricted Funds
Restricted Funds:-
Just Giving Donations
Co-op Home Group
Infection Control Grants
Total Restricted Funds
Total all Funds
Prior Year 2020/21
Unrestricted Funds
Designated Funds
Fixed Asset Fund
Emergency Operating Reserve
Replacement Fund
Emergency Fund
Total Designated Funds
General Fund
Total Unrestricted Funds
Restricted Funds:-
Just Giving Donations
Co-op Home Group
Infection Control Grants
Replacement PPE
Total Restricted Funds
Total all Funds		 Balance at
Incoming
Outgoing
Transfers
Balance at
01-Apr-21
Resources
Resources
In/Out
31-Mar-22
£
£
£
£
£
129,116
-
-
-8,730
120,386
110,000
-
-
-
110,000
26,494
-
-
-
26,494
2,000
-
-
-
2,000
267,610
-
-
-8,730
258,880
221,345
417,333
427,493
8,709
219,894
488,955
417,333
427,493
-21
478,774
-
565
565
-
-
811
1,137
1,948
-
-
4,004
15,899
16,424
21
3,500
4,815
17,601
18,937
21
3,500
493,770
434,934
446,430
-
482,274
Balance at
Incoming
Outgoing
Transfers
Balance at
01-Apr-20
Resources
Resources
In/Out
31-Mar-21
£
£
£
£
£
135,956
-
-
-6,840
129,116
110,000
-
-
-
110,000
26,494
-
-
-
26,494
2,000
-
-
-
2,000
274,450
-
-
-6,840
267,610
176,874
445,501
-407,870
6,840
221,345
451,324
445,501
-407,870
-
488,955
-
565
-565
-
-
-
811
-
-
811
-
14,625
-10,621
-
4,004
300
-300
-
-
300
16,001
-11,486
-
4,815
451,624
461,502
-419,356
-
493,770

The transfers relate to the capitalisation of applicable costs to Fixed Assets, charges for depreciation and the writing out of assets with an original cost price of less than £750. The £21 transfer relating to Infection Control Grants corrects a minor error in 2020/21.

[Note continued on next page…]

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

The purpose of each Reserve/Fund detailed above is set out in the Charity’s Financial Regulations (Investment Policy). The Policy is reproduced below:

Restricted Funds

Any grants or donations where donors specify terms and conditions are classified as ‘restricted.’ Trustees cannot redirect these funds. If the funds cannot be spent in the year of receipt, any unspent balances are carried forward as Restricted Funds into the following financial year.

Just Giving Donations Funds received to support Service Users in their own homes during periods of self isolation with covid. Co-op Home Group Funds received to buy equipment to help school leavers with learning disabilities who are not able to access physical support services during the covid pandemic. Infection Control Grants Grant received from County Council to finance the additional staff costs relating to covid testing for service users and staff. Replacement PPE Donations received to help finance the cost of new PPE for covid.

Unrestricted Funds – Designated

The Board has chosen to ‘ring-fence’ some unrestricted general funds, these are categorised as ‘Designated’:

Fixed Asset Fund . This fund represents the value of the Charity’s fixed assets. The value cannot be realised and is therefore ‘unusable.’

Emergency Operating Fund . This contingency fund represents approximately 3 months turnover and would, effectively, keep the Charity solvent in the event of a severe funding shortfall or be sufficient to deal with winding up costs.

Replacement Fund . This fund will finance the replacement of assets necessary for the continued operation of the Charity. These costs may be irregular and significant.

Emergency (assistance) Fund . This is a hardship fund set up by the Charity and originally financed from interest on investments. The fund can be used for grants to applicants who meet our criteria and who are suffering genuine hardship, e.g. to purchase household essentials such as a bed, fridge, or oven.

Unrestricted Funds - General

The General Fund is available to the Trustees to be allocated as required. This fund represents the working capital of the Charity, absorbing the cash flow fluctuations during the year but, more importantly, can be used to:

18.

PENSION COMMITMENTS

The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £5,421 (2021: £5,059). Contributions totalling £1,101 (2021: £800) were payable to the fund at the balance sheet date and are included in creditors.

BRANCHING OUT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

19. OPERATING LEASE COMMITMENTS

LESSEE:

At 31 March 2022 the total of the Charity's future minimum lease payments under non-cancellable operating leases was:

operating leases was:
Amounts payable
Within 1 year
Between 1 and 5 years
After more than 5 years
Total		 2021/22
2020/21
£
£
5,000
3,000
20,000
12,000
5,000
2,250
Land and Buildings
30,000
17,250

LESSOR:

At 31 March 2022 the Charity had agreed commitments as a lessor under non-cancellable operating leases to receive the receipts as follows:

Amounts receivable
Within 1 year		 2021/22
2020/21
£
£
4,800
4,680
Land and Buildings
4,800
4,680

20. RELATED PARTY TRANSACTIONS

No Trustees received any emoluments during this year or last and there were no Trustee expenses incurred in either 2022 or 2021.

There are no other related party transactions to note.

Accounts 2021_22 v11 final approved by board 28 oct 2022 for signature

Final Audit Report

2022-11-03

Created: 2022-11-02 By: Jacqueline Grindey (jackie.grindey@branchingoutuk.com) Status: Signed Transaction ID: CBJCHBCAABAAZzAX6glaiboT_NP5zgn81BLgVN-apmpK

"Accounts 2021_22 v11 final approved by board 28 oct 2022 for signature" History

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