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|Pages|||
|---|---|---|
|3-17|Trustees'Annual
Report||
|18-21|Independent
Auditor's|Report|
|22|Statement
ofFinancial|Activities|
|23-24|Balance Sheet||
|26|Cash Flow Statement||
|2648|Notes to the Financial|Statements|
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|*During the finance yea
formal appointment.|r Sue Potts acted as Interim
Chief|Executive officer prior to h|er||
|---|---|---|---|---|
|Our advisors|||||
|Auditors|BWM Suite 5.1,12Tithebarn|Street, Liverpool Merseyside|L2|2DT|
|Bankers:|HSBC Bank Pic, 197Stanley Road, Bootle, Merseyside|||L20|
|Solicitors:|Appointed
as required||||
|Other advisors:|Ellis Whittam
for HR|&H&S|||
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|p
Tothe Memhers of Venus Wortdng
Creatively
with Young Wo
Por the year ended 31 jtyIareh 2022|men|men||||
|---|---|---|---|---|---|
|Our approach
to identifying
and assessing the risks ofniaterial
rnisstaternent
in respect of|irregularities,
including||fraud and|||
|non~ompliance
with laws and regulations,
vus as folloivs:||||||
|the engagement
partner ensured
that the cngageinent
teani collectively
had the appropriate
competence, capabilities and||||||
|skills toident Tiy or recognise non-compliance
with applicable
laws and regulations;||||||
|we idcntiTied thc laws and regulations
applicable
to the company
through discussions|with directms and other||manageinent;|||
|we focused on specific laws and regulations
which we considemd
may have a direct material
etfcct on the
or the operations ofthe company,
including
the Companies Act 2006, taxation legislation
snd data protection,||financial statements
anti-bribery,||||
|cmploymeot
and health and safety legislation;||||||
|we assessed the extent ofcompliance
with the laws anil regulations
identified
above through
making
enquiries|||ofmanagcaient|||
|and inspecting
legal correspondence;
and||||||
|identified
laws and regulations
were communicated
within
the audit team regularly
and the team remained||alert to instances||||
|ofnon-compliance
throughout
the audit.||||||
|We assessed the susceptibility
ofthe company's
financtal
statements
to materisl
misstatement,
including
obtaining|||an understanding|||
|ofhow fraud might occur, by:||||||
|making enquiries ofmanagement
as to where they considered
there ives susceptibility
journal|to fraud, their knowledge ofactual,|||||
|suspected
and alleged fraud; and||||||
|considering
the internal
controls io place to nritlgate
risks offraud and non-coinpliance|with laws and regulations.|||||
|Toaddress the risk offraud through
management
bias snd override ofcontrols, we,;||||||
|performed
analytical
procedures
to identify
any unusual
or unexpected
relationslrips;||||||
|tested
entries to identify unusual
transactions;||||||
|assessed whether judgements
and assumptions
made in determining
the accounting
estimates
were indicative|||ofpotential|bias;||
|and||||||
|investigated
the rationale behind significant or unusual
transactions.||||||
|in response to the risk ofirregularities
and non-compliance
with laws and regulations,
we|designed
procedures|which included,|||but|
|were not limited to:||||||
|agreeing financial
statement
disclosures to underlying
supporting
ofdocumentation;||||||
|reading the minutes ofmeetings ofthose charged with governance;
and||||||
|enquiring ofmanagcmcnt
as to actual and potential
litigation
and claims.||||||
|There are inherent
limitations
in our audit procedures
described above, The more removed|that laws and regulations
are irom|||||
|fmancial transactions,
the less likely itis that we would become aware ofnon-compliance.
Auditing
standards
also limit the audit
procedures
required to identify non-compliance
with laws and regulations to enquiry ofthe directors and ofher management
and the
inspection ofregulatory
and legal correspondencc,
ifany.
Material misstatemcnts
that arise due to fraud can be hard er to detect than those that arise from ermr asthey may involve||||||
|deliberate
concealment
or collusion.||||||
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||Note|Funds|Funds|2022|2021|
||||f|f|f|f|
|Income and endowments|from;||||||
|Donations
and Iegacies
Charitable
Activity Income
Investments|||13,429
1,227,732
42|416,]84|13,429
],643,916
42|33,214
1,504,74]
]48|
|Other|||]3,191||13,19]||
|Total income|||1,254,394|416,184|1,670,578|1,538, 103|
|Expenditure
on:
Charitable
activities||21|1,239,349|390,478|],629,827|1,283,835|
|Total expenditure|||1,239,349|390,478|1,629,827|]383,835|
|Net Income/(expenditure)|||15,045|25,706|40,751|254,268|
|Transfers between funds||20|27,019|(27,019)|||
|Nct movement
in funds|||42,064|(1,313)|40,75 I|254,268|
|Reconciliation offunds:|||||||
|Funds b/fwd|||537,469|106,167|643,636|389,368|
|Funds c/fwd|||579,534|104,854|684+88|643,636|
##
||||Note|2022||2021|
|---|---|---|---|---|---|---|
|||||E|||
|Fixed Assets|||||||
|Intangible assets
Tangible assets|||10
11||54,421
10,787|4,485|
||||||65,208|4,485|
|Current Assets|||||||
|Debtors|||12|296,657||76,910|
|Cash at bank and|in|hand|13|480,710||680,593|
|||||777,367||767,603|
|Creditors: Amounts||falling due within one year|14|(158,187)||(118,352)|
|Net Current Assets|||||619,180|639,151|
|Total Assets Less|Current Liabilities||||684,388|643,636|
|Total Net Assets|||||684,388|643,636|
|Funds ofthe charity
Designated
Funds
General Fund|||||219,352
360,182|114,101
423,368|
|Total Unrestricted|Funds||19||579,534|637,469|
|Restricted
Funds|||20||104,854|106,167|
|Total Funds|||||684,388|643,636|
##
|||Note||2022|2021|
|---|---|---|---|---|---|
|||||E||
|Cash flows from operating
activities:
Net cash (provided
by)/used
in operating|activities|16||{134,391)|461,477|
|Cash flows from investing
activities:
Dividends,
interest and rents from Investments
Purchase ofintangible assets
Purchase ofproperty,
plant and equipment|||42
(54,421)
(11,115)||148|
|Net cash (provided
by)/used
in investing|activities|||(65,494)|148|
|Cash flows from financing
activities.||||||
|Net cash provided
by financing
activities||||||
|Change
in cash and cash equivalents
in
period|the reporting|||{199,883)|461,625|
|Cash and cash equivalents
as at 1 April|2021|||680,593|218,968|
|Cash and cash equivalents
as at 31 March 2022||||480,710|680,593|
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|2.|Donations
and Legacies|||
|---|---|---|---|
|||2022|2021|
||||E|
||John Moores Foundation||100|
||Donations|13,429|28,984|
|*|Nelghbourly
Sefton MBC - 150Winter Packs||400
3,750|
|||13,429|33,214|
||Restricted||3,750|
||Unrestricted|13,429|29,464|
|||13,429|33,214|
##
|Charitable
Activity Inc|ome|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||f.|E|
|Community
Foundation
Big Lottery Fund
John Moores Foundation||||46,112
7,000|6,430
116,056|
|Tudor Trust|||||31,000|
|Social Investment
Fund||||(7,220)|(780)|
|Heritage
Grant
Children
In Need||||120,431
50,113|43,568
66,067|
|Police Commissioner||||36,984|41,000|
|Smallwood
(Restricted)||||40,000|40,000|
|Recruit ToTrain||||234,281|28,865|
|Coronavirus
Job Retention scheme||||13,836|43,895|
|Arts Council|||||13,500|
|Garfield Weston||||5,000||
|The Steve Morgan Foundation
Battersea Arts Centre||||33,750|82,900
1,500|
|Covid 19Grants|||||4, 123|
|Edlsential CIC3||||8,208|5,825|
|Energy Saving Grant
Sefton MBC||||34,558
209,010|24,606
273,594|
|Sefion MBC MB||||151,938|129,120|
|SmsllWood - Rosa||||20,000||
|Sefton Council for Voluntary
Service
Halton
Metropolitan
Borough Council
Clinical Commissioning
Groups
Income From Charitable
Activities||||9,084
81,400
388,172
112,232|1,328
164,404
247,680
7,132|
|Canal &River Trust||||6,027||
|Merseyside
Police
Lloyds Foundation
Grantscape
Birmingham
City Council
LCVS||||30,000
8,000
4,500
500|45,128
88,000|
|||||1,643,916|1,504,741|
|Income from charitable|activities has been applied to the following||activities:|||
|||||2022|2021|
|||||E|f.|
|Restricted||||416,184|476,575|
|Unrestricted||||1,227,732|1,028,166|
|||||1,643,916|1,504,741|
##
##
|||2022|2021|
|---|---|---|---|
|||F.||
|Interest|Receivable|42|148|
|||42|148|
##
|5.|Other Inc|om|e|||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||Insurance|Claims||||13,181||
|||||||13,191||
|0.|Auditor's|remuneration||||||
||The analysis||ofauditor's|remuneration|isas follows:|2022|2021|
|||||||E||
||Fees payabie||to the charity's|||||
||auditor for|the audit||||||
||ofthe charity's
accounts||annual|||4,240|3,260|
##
##
|Staff Costs|||
|---|---|---|
||2022f|2021f|
|Wages and Salaries
Social Security costs
Pension costs|1,098,881
84,825
27,920|725,744
46,257
15,884|
||1,211,626|787,885|
##
|The average|numb|er ofemployees
during the year|was: 58||
|---|---|---|---|---|
||||2022|2021|
||||Number|Number|
|Adminstration|and|finance|7|5|
|Management
Support|||5
46|5
32|
|||||42|
##
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##
##
|Net income is stated after charging:|||
|---|---|---|
||2022|2021|
|Operating
leases - equipment|5,858|1,201|
|Auditors'
remuneration|||
|Audit services|4,240|3,260|
|Depreciation
Bank interest payable|4,814
200|2,243
330|
##
|Intangible
Fixed Assets|||
|---|---|---|
||Website Under|Total|
||Construction|2022|
||E||
|Cost|||
|Additions|54,421|54,421|
|At 31 March 2022|54,421|54,421|
|Depreciation|||
|At 31 March 2022|||
|Net BookAmounts|||
|At 31 March 2022|54,421|54,421|
##
##
||||Short|Motor|Fixtures dc||
|---|---|---|---|---|---|---|
||||Leasehold|Vehicles|Equipment|Total|
||||f|f,|f|f|
|Cost / Valuation|||||||
|At IApril 2021
Additions|||51,7?4
8,497|10,4)8|25,541
2,618|87,733
11,116|
|At 31March|2022||60,271|10,418|28, 159|98,849|
|Depreciation|||||||
|At 1April 2021
For the year|||51,774
1,699|10,418|21,056
3,115|83,248
4,814|
|At 31March|2022||53,473|10,418|24,171|88.062|
|Net BookAmounts|||||||
|At 31 Match|2022||6,798||3,988|10,787|
|At 31March|2021||||4,485|4,485|
|Debtors|||||||
||||||2022f|2021f|
|Amounts|falling due within one year||||||
|Trade debtors
Prepayments||and accrued income|||215,192
81,465|64,363
12,547|
||||||296,667|76,910|
##
##
##
##
|Reconciliati|on ofnet e|xpend|iture/(incom|e)
to net cash flow|from operating activities||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
|Net income|for the reporting||year||40,751|254,269|
|Adjustments|for.||||||
|Investment|income||||(42)|(148)|
|Depreciation
and amortisation
(Increase)/Decrease
in debtors
Increase in creditors|||||4,814
(219,747)
39,833|2,243
138,366
66,349|
|Net cash (inflow)/ouNow||from operadng||acgvities|(134,391)|461,477|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E|E|
||-within
1 year
-within 2-5 years
-after 6years||||6,868
16,923|5,858
21,543
238|
||||||21,781|27,639|
|18.|Financial|Instruments|||||
||||||2022|2021|
|||||||E|
||Carrying
Measured|amount offinancial
at amortised
cost||assets|695,902|744,956|
||Carrying
Measured|amount of financial
at amortised
cost||liabilities|168,187|118,362|
##
##
||||Balance||||Balance|
|---|---|---|---|---|---|---|---|
||||brought|||Transfers|cerned|
||||fonvard|||between|forward|
||||2020f|Income
f.|Expenditure|funds
f|2021
f|
|Gerrera/
Fund|||345,$/9|1,055,2/6|(893,794)|(83,373)|425,M8|
|Designated
Axed Asset|Funds
Frrnd||6,728|||(2,243)|4.485|
|Cessor/an
Conringenc/r||Fund|20,000|||89,616|/09,616|
|7bra/ Binds|(/rrevraus|year)|372047|10$$2/6|(89$,794)|4,000|$57,46'9|
||||Balance||||Balance|
||||brought|||Transfers|carried|
||||forward|||between|forward|
||||2021|Income|Expenditure|funds|2022|
||||f.||f.|f||
|Geneml Fund|||423,368|1,254,394|(1,239,349)|(78,232)|360,182|
|Designated
Fixed Asset|Funds
Fund||4,485|||60,723|65+08|
|Cessation Contingency
Vniity Fund||Fund|109,6]6|||19,528
25,000|129,144
25,000|
|Total Funds|(current year)||537,469|1,254,394|(1,239,349)|27,019|579,534|
##
##
##
|Restricted Funds||||||||
|---|---|---|---|---|---|---|---|
||||Balance|Income|Fxpcnditure|Transfers|Balance|
||||brought|||benveen|cerned|
||||forward|||funds|fornvird|
||||2020||||202]|
||||f.||f|||
|King Centre Developmem
Smallwood - Possiblities||||57,068
4O,DOO|(94,263)
(32,475)|(4,0DD)|(37,195)
3,$25|
|The Steve Morgan Foundation
IAPT Partnership
Training
Other Rcstrictcd Funds|-ITInltastructure||10,$20
6,800|82,900
302,919|(47,494)
(2]5,808)||3$,406
10,$20
93,911|
|Total Funds (previous year)|||17,320|482,887|(390,84D)|(4,000)|106,167|
|Other Funds||||||||
|Halton
Harmony
Proj ect|||6,800||(6,800)|||
|Community
Foundation
Big Lottery Fund
Social Investment
Fund||||9,772
116,056
(780)|(9,772)
(59,687)
780||$6,369|
|Tudor Trust||||31,000|(14,510)||16,490|
|Children
In Need||||66,067|(46,515)||19,552|
|Police Conunisioner||||41,000|(41,000)|||
|Battersea Art Centre||||1,500|||1,$00|
|Covid 19Grants||||4,123|(4,123)|||
|Bdisentcial CIC 3||||5,825|(5,825)|||
|Energy
Savdngs Grants
Sefton MBC - 150Winter Packs||||24,606
3,750|(24,606)
(3,750)|||
|Jhrai orhm funds (previotrs vear)||||302,919|(21$,808)||93,917|
||||Balance||||Balance|
||||brought|Income|Expenditure|Trsnsters|carried|
||||forward|||between|forward|
||||2021|||ihnds|2022|
||||f|f|f|f||
|King Centre Development
Smallwood
~Possiblities|||(37,195)
3,525|120,432
40,000|(59+08)
(42,829)||24,029
696|
|The Steve Morgan Foundation|-ITInttastructure||35,406|||(23,906)|11,500|
|IAPT Partnership
Training
Other Restricted Funds|||10,520
93,911|255,752|(288,441)|(3,113)|10,520
58,109|
|Ibtsl Funds (current year)|||106,167|416,184|(390,478)|(2'7,019)|104,854|
|Orlier Funds||||||||
|BigLottery Fund
Tudor Trust|||56,369
16,490|46,112|(51,619)|(38@07)|11,955
16,490|
|Children In Need|||19,552|50,113|(70,113)|448||
|Police Commissioner||||36,984|(72,330)|35/46||
|Battersea Arts Centre|||I,SDD||||],500|
|Edissential
CIC 3||||8,208|(8/08)|||
|Bnergy Saving Grants
John Moares Found ation||||34,558
'7,000|(37,919)
(4,198)||(3,361)
2,802|
|Birraingham
City Council
The Steve Morgan Poundation-
Smallwood - ROSA|Vulnerable|Parnil ice||4,500
33,750
20,000|(29,1'l8)
(14,376)||4,500
4,572
5,624|
|Grantscape
Canal 8t River Trust||||8,000
6,02'1|||8,000
6,027|
|Leva||||500|(500)|||
|Total other Bmds (current year)|||93,911|255,752|(288,441)|(3,113)|58,109|
##
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##
||||||||Mental|||
|---|---|---|---|---|---|---|---|---|---|
||||Family|Housing|Housing|Hub|Health and|Core|Zbta I|
||||Support|(Non-benet]t)|(Benefit)|Services|Youth Justice|||
||||E|E||f,|E|||
|Grant income
Commissioned|services||1]8,070
186,]00|92/ 99||120,619
2,500|106,529
386,938|]07,830
2]34]|453,047
689,179|
|Traineeships
and
Housing Benefits
Othe~||Seccndrnents|1,362
4,467|960|15],93&||294,646
]80|39,085
9,051|335,094
151,938
14,658|
|Total|||309,999|93,259|151,938|123,119|7S&,293|177,307|1,643,916|
|Restricted
Unrestricted|||88,070
221,929|93/59|151,93&|116,939
6,180|]0],)24
687,169|120,432
56,877|416,]84
],227,732|
||||309P99|93)259|]5]@38|]23(119|788~293|187)688|1~643i916|
|Charitable||expenditure|||||Mental|||
||||Family|Housing|Housing|Hub|Health and||Total|
||||Support|(Non-bene]it)|(Benefit)|Services|Youth Justice|||
||||E||E||E|E||
|Pmvisions forservice users|||5,5]8|]5,018|14,385|43,758|213|]4+44|93,136|
|Statfing
Overheads|||272,188
33,]99|31,962
2,746|86,496
7,04]|80,454
34/74|598,651
99,&23|179,934
38,022|1.249,685
2]5305|
|Finance and Governance||||||||8,722|8,722|
|Rent
Other|||1,699|1,218
7|60,096|||58|61,3]4
1,764|
||||312,604|50,951|168,018|15S,586|698,687|240/79|is629r827|
|Restricted
Unrestrimed|||&9,005
223,599|50,951|168,018|99,822
58,765|]42,443
556,243|59,208
181,770|390,478
1~9,349|
|Total|||312,604|50+5]|168,018|]584&6|69S,687|240@78|],629,827|
##
##
##
##
##
|Charitable|Income||||||||
|---|---|---|---|---|---|---|---|---|
|||||||Mental|||
|||Pami]y|Housing|Housing|Hub|Health and||Tata 1|
|||Support|(Non-benefit)|(Benefft)|Services
f|Youth lustice||f|
|Grant Income||209,507|||94,829|152,195|132,034|653,946|
|Commissioned|Services|234,404|203,594|||276,545||714,543|
|Housing Benefits
Other||||I29,120|||7,132|129.120
7,132|
|Total||509,292|203,594|129,120|94,829|428,740|]39.166|1,504,741|
|Restricted||268,411|203,564||||7, 132|479,137|
|Unrestricted||240,881||129.120|94,829|428,740|132,034|1,025,604|
|Total||509,292|203,594|129,120|94,829|428,740|]39,166|1,504,741|
|Charitable
Provisions for|expenditure
service users|5,529|9,175|9,595|6354|116||30,769|
|Staffing
Oveiheads||166,688
47,864|25,518
114,856|59,447
9823|76,730
27,284|281,672
58,544|201,719
128,252|S]3,774
386,623|
|Finance dt Governance|||||||5,764|5,764|
|Rent|||1,278|45,221|519|||47,018|
|Other|||37||(150)|||(112)|
|Total||222,082|150,864|124,086|110,737|340,33]|335,734|1,2S3,835|
|Restricted||120,572|||]15,726|46,515|107,227|390,040|
|Unrestricted||101,5]0|150,864|]24,086|(4,989)|293,816|228,507|893,795|
|Total||222,082|150,864|124,086|]10,737|340,331|335.734|1,283,835|
##
##
|Analysis ofNet Assets|||||
|---|---|---|---|---|
|Previous year ended 31March 2021|||||
||Unrestricted|Designated|Restricted|Total|
||Funds|Funds|Funds|Funds|
|||E|f||
|Fixed Assets||4,48$||4,48S|
|Current Assets|$41,720|109,616|106,167|7$7,$03|
|Cunent Liabilities|(/18,3$2)|||(118,3321|
||423,368|114,101|106,167|643,636|
|Cunent year ended 31 March 2022|||||
||Unrestricted|Designated|Restricted|Totals|
||Funds|Funds|Funds|Funds|
||g||||
|Fixed Assets||65+08||65,208|
|Cunent Assets|518,369|154,144|104,854|777,367|
|Current Liabilities|(147,806)|||(147,806)|
||370,563|2]9,352|104,854|694,769|
##
##
|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||Fund|Fund|Funds|
|Income|||||||
|Donations|and|legacies||29,464|3,750|33,214|
|Charitable|activities|||1,025,604|479,137|1,504,741|
|Investments||||148||148|
|Total income||||1,055,216|482,887|1,538,103|
|Expenditure|on||||||
|Charitable|activities|||893,795|390,040|1,283,835|
|||||893,795|390,040|1,283,835|
|Net income||||161,421|92,847|254,268|
|Transfers
between|||funds|4,000|(4,000)||
|Net movement||In funds||185,421|88,847|254,268|
##
|
Notes to the Accounts (cont.)
Por the year ended 31March 2022||||||
|---|---|---|---|---|---|
|Related party transactions||||||
|Remuneration
ofkey management|personnel|||||
|The remuneration
ofkey management|personnel||ls as follows:|||
|||||2022|2021|
||||||F|
|Aggregate
compensation||||268,572|202,749|
|No remuneration
was paid to any trusteee||during|the year (2021:None).|||
|No guarantees
were given or received.||||||
|During the financial year 826,870was|paid|to Rule ofThree Arts Ltd ofwhich||Susan Potts ls CEO||
|(R10,8502021).||||||
##