2022-03-31-accounts - Wecil Ltd

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CONTENTS					PAGE
Members ofthe Board and professional			advisers
Chair's statement
Trustees' Annual Report
Independent auditor's report to the		members			45
Consolidated statement	offinancial	activities
(incorporating the income and expenditure				account)	51
Consolidated statement	offinancial	position			52
Company statement of	financial position				53
Statement ofcash flows					54
Notes to the accounts					55

Accountant	Sue Carter FCA DChA
	Make Your Figures Count Limited
	17Clan House
	Sydney Road
	Bath
	BA2 6NS
HR Consultants	Citrus HR Consultancy
	19c-21cCharles Street
	Bath
	BA1 1HX

Bankers	National Westminster	Bank pic
	290 Wells Road
	Knowle
	Bristol
	BS42QA

					2022		2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Note	E	E	E	E
Income and endowments
Donations and legacies			5	911		911	106,006
Charitable activities			6	560,844	977,136	1,537,980	1,267,784
Other trading activities			7	146,896		146,896	155,151
Investment income			8	998		998	709
Total income				709,649	977,136	1,686,785	1,529,650
Expenditure
Expenditure on raising funds:
Costs ofother trading	activities		9	72,334		72,334	92,679
Investment management		costs	10	4,800		4,800	4,706
Expenditure on charitable	activities		11,12	650,335	662,362	1,312,697	1,212,456
Total expenditure				727,469	662,362	1,389,831	1,309,841
Net (expenditure)/income				(17,820)	314,774	296,954	219,809
Net gains on investments			13	20,118		20,118	75,947
Net income				2,298	314,774	317,072	295,756
Transfers between funds			18	2,000	(2,000)
Net movement in funds				4,298	312,774	317,072	295,756
Reconciliation of funds
Total funds brought forward				779,527	160,060	939,587	643,831
Total funds carried forward				783,825	472,834	1,256,659	939,587

						2022	2021
					Note	E	E
Fixed assets
Intangible assets					19a	32,617	25,235
Tangible fixed assets					20	598	1,755
Investments					21	502,782	486,497
						535,997	513,487
Current assets
Debtors					22a	545,401	237,523
Cash at bank	and	in hand				443,467	414,029
						988,868	651,552
Creditors: amounts			falling due within one year		23a	268,206	225,452
Net current	assets					720,662	426,100
Total assets less		current		liabilities		1,256,659	939,587
Net assets						1,256,659	939,587
Funds ofthe	charity
Restricted funds						472,834	160,060
Unrestricted	funds					783,825	779,527
Total charity	funds				26	1,256,659	939,587

							Restated
						2022	2021
					Note	E	E
Fixed assets
Intangible assets					19b	6,293
Tangible fixed assets					20	598	1,755
Investments					21	502,782	486,497
						509,673	488,252
Current assets
Debtors					22b	556,735	240,071
Cash at bank	and	in hand				436,076	398,375
						992,811	638,446
Creditors: amounts			falling due within one year		23b	247,735	189,021
Net current	assets					745,076	449,425
Total assets less		current		liabilities		1,254,749	937,677
Net assets						1,254,749	937,677
Funds ofthe	charity
Restricted funds						472,834	160,060
Unrestricted	funds					781,915	777,617
Total charity	funds				26	1,254,749	937,677

			2022	2021
			E	8
Cash flows from operating	activities
Net income			317,072	295,756
Adjustments for:
Depreciation oftangible fixed assets			1,157	1,643
Amortisation of intangible	assets		2,646	6,120
Other interest receivable and similar income			(998)	(709)
Net gains on investments			(20,118)	(75,947)
Changes in:
Trade and other debtors			(307,878)	(134,854)
Trade and other creditors			42,754	33,955
Cash generated from operations			34,635	125,964
Interest received			998	709
Net cash from operating activities			35,633	126,673
Cash flows from investing	activities
Purchase ofintangible assets			(I0,028)	(25,235)
Purchases ofother investments			(180,655)	(I50,080)
Proceeds from sale ofother investments			184,488	154,138
Net cash used in investing	activities		(6,195)	(21,177)
Net increase in cash and	cash equivalents		29,438	105,496
Cash and cash equivalents	at beginning	ofyear	414,029	308,533
Cash and cash equivalents	at end ofyear		443,467	414,029

Fixtures,	fittings	&office	25%straight	line
equipment
Computer	equipment		25'/ straight	line

				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
Current year				E	E	E
Donations
Donations				911		911
				911		911
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
Prior year				E	E	E
Donations
Donations				817	2,000	2,817
Grants
Bristol City Council Complex			Needs Provision		65,312	65,312
Coronavirus	Job Retention	Scheme grant			33,077	33,077
Other grants				4,800		4,800
				5,617	100,389	106,006

									Unrestricted	Restricted	Tota I Funds
									Funds	Funds	2022
	Current	year							E	E	E
	Community								57,140	489,641	546,781
	Business	&	Employability						58,306	79,963	138,269
	Children	and		young		people			13,261	372,613	385,874
	Independent			living payments			support		415,363	29,919	445,282
	Other								16,774	5,000	21,774
									560,844	977,136	1,537,980
									Unrestricted	Restricted	Total Funds
									Funds	Funds	2021
	Prior year								E	E	E
	Community								55,000	298,434	353,434
	Business	&	Employability						56,794	33,733	90,527
	Children	and		young		people			1,500	304,322	305,822
	Independent			living payments			support		413,157	54,212	467,369
	Other								47,219	3,413	50,632
									573,670	694,114	1,267,784
7.	Other trading				activities
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2022	Funds	2021
								E	E	E	E
	Provision	of		payroll		services	by
	subsidiary		company					146,896	146,896	155,151	155,151
8.	Investment			income
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2022	Funds	2021
								E	E	E	E
	Bank interest				receivable type I			998	998	709	709

								Unrestricted	Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds		2022	Funds	2021
									E	E	E	E
	Costs of	provision of payroll services					by
	subsidiary	company						72,334		72,334	92,679	92,679
10.	Investment		management		costs
								Unrestricted		Total Funds	Unrestricted	Total Funds
								Funds		2022	Funds	2021
									E	E	E	E
	Portfolio	management						4,800		4,800	4,706	4,706
II.	Expenditure		on	charitable	activities		by	fund type
										Unrestricted	Restricted	Total Funds
										Funds	Funds	2022
	Current	year								E	E	E
	Community									85,461	136,487	221,948
	Business	and	Employability							99,618	78,098	177,716
	Children	and	young people							12,231	413,274	425,505
	Independent		living and payments			support				249,637	29,503	279,140
	Core operating			costs						203,388	5,000	208,388
										650,335	662,362	1,312,697
										Unrestricted	Restricted	Total
										Funds	Funds	Funds
												2021
	Prior year									E	E	E
	Community									18,739	291,965	310,704
	Business	and	Employability							92,200	55,957	148,157
	Children	and	young people								257,384	257,384
	Independent		living and payments			support				278,354	48,338	326,692
	Core operating			costs						154,612	14,907	169,519
										543,905	668,551	1,212,456

									Total funds	Total funds
					Staff costs		Direct costs	Indirect costs	2022	2021
						E	E	E	E	E
	Community				181,253		8,363	32,332	221,948	310,704
	Business and
	Employability				150,848		10,129	16,739	177,716	148,157
	Children and	young
	people				253,291		126,680	45,534	425,505	257,384
	Independent	living and
	payments support				224,005		15,012	40,123	279,140	326,692
	Core operating costs				184,338			12,600	196,938	157,808
	Governance	costs						11,450	11,450	11,711
					993,735		160,184	158,778	1,312,697	1,212,456
13.	Net gains on		investments
							Unrestricted	Total Funds	Unrestricted	Total Funds
							Funds	2022	Funds	2021
							E	E	E	E
	Gains on listed investments						20,118	20,118	75,947	75,947
14.	Net income
	Net income	is stated after			charging:
									2022	2021
									E	E
	Amortisation		ofintangible		assets				2,646	6,120
	Depreciation		oftangible	fixed assets					1,157	1,643
	Operating lease rentals								31,562	43,075
15.	Auditors remuneration
									2022	2021
									E	E
	Fees payable		for the audit		ofthe financial		statements		11,450	10,350

			2022	2021
			E	E
Wages and salaries			913,324	841,809
Social security costs			67,633	60,746
Employer contributions	to pension	plans	37,381	36,757
			1,018,338	939,322

The average head count ofemployees during time equivalent employees during the year is	the year was 59(2021;50).The average num analysed as follows:	ber of full-
	2022	2021
	No.	No.
Management	5	6
Other	35	33
	40	39

following		were:
2022		2021
No.		No.
	1

19a.	Intangible assets
	The group
		CRM
		database
		f
	Cost
	At I April 2021	25,235
	Additions	10,028
	At 31March 2022	35,263
	Amortisation
	Charge for the year	2,646
	At 31March 2022	2,646
	Carrying amount
	At 31March 2022	32,617
	At 31March 2021	25,235
19b.	Intangible assets
	The Charity
		CRM
		database
		E
	Cost
	Additions	6,293
	At 31March 2022	6,293
	Amortisation
	At I April 2021 and 31March 2022
	Carrying amount
	At 31March 2022	6,293
	At 31March 2021

20.	Tangible fixed assets The group and the charity
		Fixtures,
		fittings &	Computer
		equipment	equipment	Tota I
		E	E	E
	Cost
	At I April 2021 and 31March 2022	6,329	15,691	22,020
	Depreciation
	At I April 2021	5,503	14,762	20,265
	Charge for the year	419	738	1,157
	At 31March 2022	5,922	15,500	21,422
	Carrying amount
	At 31March 2022	407	191	598
	At 31March 2021	826	929	1,755
21.	Investments
	The group and the charity
		Cash or cash	Listed
		equivalents	investments	Total
		E		E
	Cost or valuation
	At I April 2021	16,195	470,302	486,497
	Additions		180,655	180,655
	Disposals		(198,547)	(198,547)
	Fair value movements		20,118	20,118
	Movement in cash account	14,059		14,059
	At 31March 2022	30,254	472,528	502,782
	Impairment
	At I April 2021 and 31March 2022
	Carrying amount
	At 31 March 2022	30,254	472,528	502,782
	At 31March 2021	16,195	470,302	486,497

22a.	Debtors The group
				2022	2021
				E	E
	Trade debtors			204,772	218,795
	Prepayments	and accrued income		6,079	17,516
	Grants receivable			326,727
	Other debtors			7,823	1,212
				545,401	237,523
22b.	Debtors
	The Charity
					Restated
				2022	2021
				E	E
	Trade debtors			197,218	202,219
	Amounts owed by group undertakings			18,888	19,124
	Prepayments	and accrued income		6,079	17,516
	Grants receivable			326,727
	Other debtors			7,823	1,212
				556,735	240,071
23a.	Creditors: amounts		falling due within one year
	The group
				2022	2021
				E	E
	Trade creditors			45,684	84,535
	Deferred income			138,489	45,781
	Social security	and	other taxes	26,472	20,093
	Accruals			26,438	18,922
	Other creditors			31,123	56,121
				268,206	225,452

				Restated
			2022	2021
			E	E
Trade creditors			44,761	62,681
Deferred	income		129,774	38,530
Social security and other taxes			19,954	16,549
Accruals			22,123	15,140
Other creditors			31,123	56,121
			247,735	189021
Deferred	income
			2022	2021
The group			E	E
At I April	2021		45,781	59,295
Amount	released	to income	(45,781)	(59,295)
Amount	deferred	in year	138,489	45,781
At 31March 2022			138,489	45,781
			2022	2021
The charity			E	E
At I April	2021		38,530	59,295
Amount	released	to income	(38,530)	(59,295)
Amount	deferred	in year	129,774	38,530
At 31March 2022			129,774	38,530

Unrestricted	funds
The group
		At				Gains and	At
		I Apr 2021	Income	Expenditure	Transfers	losses	31Mar 2022
Current year		E	E	E	E	E	E
General funds		687,896	709,649	(668,174)	2,000	20,118	751,489
ASC Navigation		55,000		(55,000)
Social Care
Market
Development		32,336					32,336
Digital
Transformation		1,695		(1,695)
Department	of
Health and Social
Security		2,600		(2,600)
		779,527	709,649	(727,469)	2,000	20,118	783,825
		At				Gains and	At
		I Apr 2020	Income	Expenditure	Transfers	losses	31Mar 2021
Prior year		E	E	E	E	E	E
General funds		609,723	627,547	(625,321)		75,947	687,896
ASC Navigation			55,000				55,000
Social Care
Market
Development			27,600	(546)	5,282		32,336
Digital
Transformation			5,000	(3,305)			1,695
Department	of
Health and Social
Security			20,000	(12,118)	(5,282)		2,600
		609,723	735,147	(641,290)		75,947	779,527

Unrestricted The Charity	funds
			At
		I	Apr 2021				Gains and	At
			restated	Income	Expenditure	Transfers	losses 31 Mar 2022
Current year			E	E	E	E	E	E
General funds			685,986	632,549	(591,074)	2,000	20,118	749,579
ASC Navigation			55,000		(55,000)
Social Care
Market
Development			32,336					32,336
Digital
Transformation			1,695		(1,695)
Department	of
Health and Social
Security			2,600		(2,600)
			777,617	632,549	(650,369)	2,000	20,118	781,915

Unrestricted	funds
The Charity
								At
								31March
			At	Income			Gains and	2021
		I	Apr 2020	restated	Expenditure	Transfers	losses	restated
Prior year			E	E	E		E	E
General funds			607,814	532756	(530,531)		75,947	685986
ASC Navigation				55,000				55,000
Social Care
Market
Development				27,600	(546)	5,282		32,336
Digital
Transformation				5,000	(3,305)			1,695
Department	of
Health and	Social
Security				20,000	(12,118)	(5,282)		2,600
			607,814	640 356	(546,500)		75,947	777617

Restricted funds
The group and the charity
	At				At
	I Apr 2021	Income	Expenditure	Transfers 31	Mar 2022
Current year	E	E	E	E	E
National Lottery
Community Fund - RC
South West Region		326,727			326,727
Bristol City Council	47,048	409,004	(420,785)	(981)	34,286
BANES Council	14,193	80,148	(89,389)		4,952
Skills for Care		11,354	(8,783)		2,571
Children in Need	18,136	31,371	(32,009)		17,498
Travelling Light	1,003	1,288	(2,291)
Employment Services	11,699	27,000	(32,120)		6,579
Know Your Rights Self
Advocacy	2,953	28,374	(23,359)		7,968
Erasmus	(2,394)	11,410	(9,780)		(764)
University of Bristol	2,000	5,000	(7,000)
Sports England		7,261	(4,733)		2,528
Bristol City Council
Complex Needs Provision	65,422			(1,019)	64,403
UWE UX Design project		8,000	(4,697)		3,303
Policing with confidence		30,199	(27,416)		2,783
	160,060	977,136	(662,362)	(2,000)	472,834

The group	and the charity
		At					At
		I Apr 2020	Income	Expenditure	Transfers	31	Mar 2021
Prior year		E	E	E			E
Bristol City	Council	3,040	420,654	(376,536)	(110)		47,048
BANES Council		4,461	90,273	(80,541)			14,193
National Lottery
Community	Fund		95,714	(95,714)
Skills for Care			6,293	(6,293)
Children in	Need	12,375	23,307	(17,546)			18,136
Travelling Light			4,026	(3,023)			1,003
Employment	Services	6,420	34,278	(28,999)			11,699
Know Your	Rights Self
Advocacy		1,419	8,326	(6,792)			2,953
Erasmus		6,393		(8,787)			(2,394)
University of Bristol			12,000	(I0,000)			2,000
Sports England			1,243	(1,243)
Coronavirus	Job Retention
Scheme			33,077	(33,077)
Bristol City	Council
Complex Needs Provision			65,312		110		65,422
		34,108	794,503	(668,551)			160,060

Analysis of net assets between funds The group
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
Current year	E	E	E
Intangible assets	32,617		32,617
Tangible fixed assets	598		598
Investments	502,782		502,782
Current assets	247,828	472,834	720,662
Net assets	783,825	472,834	1,256,659
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
Prior year	E	E	E
Intangible assets	25,235		25,235
Tangible fixed assets	1,755		1,755
Investments	486,497		486,497
Current assets	266,040	160,060	426,100
Net assets	779,527	160,060	939,587

Analysis ofnet assets between funds The Charity
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
Current year	E	E	E
Intangible assets	6,293		6,293
Tangible fixed assets	598		598
Investments	502,782		502,782
Current assets	272,242	472,834	745,076
Net assets	781,915	472,834	1,254,749
	Unrestricted		Total Funds
	Funds	Restricted	2021
	restated	Funds	restated
Prior year	E	E	E
Tangible fixed assets	1,755		1,755
Investments	486,497		486,497
Net Current assets	289,365	160,060	449,425
Net assets	777,617	160,060	937,677

	Profit and loss account	Profit and loss account
					2022	2021
						E
	Turnover				147,527	158,521
	Direct and administrative		expenses		(107,731)	(124,791)
	Profit for the year				39,796	33,730
	Distribution to parent charity				(39,796)	(33,730)
	Result for the year
	Balance sheet
					2022	2021
					E
	Assets				41,269	57,465
	Liabilities				(39,360)	(55,556)
	Net assets				1,909	1,909
29.	Analysis ofchanges	in net debt
						At
				AtlApr2021	Cash flows	31Mar 2022
				E	E	E
	Cash at bank and in hand			414,029	29,438	443,467

			2022	2021
			E	E
Not later	than	I year	24,860	24,492
Later than	I year and not later than 5 years		50,966	66,582
			75,826	91,074