2022-03-31-accounts - The Nelson Trust

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CONTENTS		PAGES
Charity information
Chair of Board ofTrustees's report
List ofsupporting organisations
Trustees' report
Independent auditor's	report	18
Statement offinancial	activities	22
Balance sheet		23
Statement ofcash flows		24
Notes to the financial	statements	26

REGISTERED AND	Nelson House		PRINCIPAL	Lloyds Bank PLC
PRINCIPAL OFFICE	Brimscombe	Hill	BANKERS	12 Rowcroft
	Brimscombe			Stroud
	Stroud			Gloucestershire
	Gloucestershire			GLS 3BD
	GL5 2QP
SOLICITORS	Willans LLP		INDEPENDENT	Monahans
	28 Imperial Square		AUDITOR	Hermes House
	Cheltenham			Fire Fly Avenue
	Gloucestershire			Swindon
	GLSO 1RH			SN2 2GA
WEBSITE	www. nelsontrust. com			@TheNelsonTrust

e principal risks affecting the charity and	t	he actions to address those risks are:
Risk		Actfoni to address risk
Prison Leavers Fund: large 12-month pilot where the charity is the lead with subcontract arrangements. This presents new risks around managing a supply chain to ensure performance.		Comprehensive implementation plan and quality assurance processes. Robust governance structure in place. Dedicated implementation, data lead and service lead recruited to assure quality of services and accurate impact measurement.
Unable to recruit and retain skilful staff. Overdependence a few key staff. This is a particular concern in finance and facilities given number ofvacant positions, age ofstaff and risk of loss oforganisational knowledge.	on	Activities to promote the Trust as an employer ofchoice. Action plan from the staff survey. Recuritment ofinternal training coordinator, development and performance improvement plans. Review ofappriasal process.
		Strong culture ofoperational controls through procedures which are made
Failure to keep our clients, staff and volunteers safe		available through the NetConsent software platform. Robust approach to compliance with those procedures including Safeguarding, Lone Working and
		Health and Safety Legislation.
Failure to effectively manage new projectsjservice expansion, including expansion ofgeographical spread.		Regular management and contract review meetings.
Compliance with Regulatory requirements, as the charity develops. The risk is about the impact ofgrowth on core back office functions. Reporting requirements and transactional impacts need to be understood as the charity gi'ows.		Operational controls in place through procedures to ensure compliance with the Code of Fundraising Practice. Policies are made available through the NetConsent software platform. Robust approach to compliance with those procedures. Simple, coherent reporting on finances.

						2022	2021
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Notes	E	E	E	E	E
INCOME AND
ENDOWMENTS FROM
Donations and legacies		3	290,188	60,000		350,188	1,025,783
Charitable activities
Residential Services			1,685,867	202,092		1,887,959	1,754,345
Women's Community	Services		3,712,881	978,151		4,691,032	2,123,853
Hub Community Recovery			124,848	26,500		151,348	130,504
Other trading activities			130,210			130,210
Total			5,943,994	1,266,743		7,210,737	5,034,485
EXPENDITURE ON
Raising funds		6	221,240			221,240	76,651
Charitable activities		7
Residential Services			1,567,663	233,408		1,801,071	1,779,049
Women's Community	Services		2,449,900	1,302,904		3,752,804	2,311,974
Hub Community Recovery			224,137	62,680		286,817	300,036
Total			4,462,940	1,598,992		6,061,932	4,467,710
Net gains/(losses)	on
investments					6,056	6,056	(912)
NET INCOME/(EXPENDITURE)			1,481,054	(332,249)	6,056	1,154,861	565,863
RECONCILIATION OF	FUNDS
Total funds brought	forward		2,238,958	4,711,655	41,265	6,991,878	6,426,015
TOTAL FUNDS	CARRIED
FORWARD			3,720,012	4,379,406	47,321	8,146,739	6,991,878

THE NELSON TRUST (COMPANY NO. 032 BALANCE SHEET FOR THE YEAR ENDED 31MARCH 2022	11815)		THE NELSO
		2022	2021
	Notes	E	f
FIXEDASSETS
Tangible assets	14	3,033,230	3,118,245
Investments	15	47,321	41,265
		3,080,551	3,159,510
CURRENT ASSETS
Stocks	16	837	1223
Debtors	17	2,357,748	1,613,993
Cash at bank and in hand		4,125,471	3,255,219
		6,484,056	4,870,435
CREDITORS
Amounts falling due within one year	18	(1,171,233)	(766,332)
NET CURRENT ASSETS		5,312,823	4,104,103
TOTAL ASSETS LESSCURRENT LIABILITIES		8,393,374	7,263,613
CREDITORS
Amounts falling due after more than one year19		(246,635)	(271,735)
NET ASSETS		8,146,739	6,991,878
FUNDS	24
Unrestricted funds:
General fund		2,163,704	655,647
Designated Fund - Fixed Assets Funds		1,556,308	1,583,311
		3,720,012	2,238,958
Restricted funds		4,379,406	4,711,655
Endowment funds		47,321	41,265
TOTAL FUNDS		8,146,739	6,991,878

THE NELSON TRUST
CASH FLOW STATEMENT				THE NELSON TRUST
FOR THE YEAR ENDED 31MARCH		2022
			2022	2021
		Notes	f	f
Cash flows from operating	activities
Cash generated from operations			973,004	1,120,698
Interest paid			(10,642)	(10,992)
Net cash provided by operating activities			962,362	1,109,706
Cash flows from investing	activities
Purchase oftangible fixed assets			(71,510)	(135,337)
Net cash used in investing	activities		(71,510)	(135,337)
Cash flows from financing	activities
Loan repayments in year			(24,275)	(23,757)
Bank interest and investment income			3,675	3,803
Net cash used in financing	activities		(20,600)	(19,954)
Change in cash and cash equivalents		in
the reporting period			870,252	954,415
Cash and cash equivalents at		the
beginning ofthe reporting	period		3,255,219	2,300,804
Cash and cash equivalents	at the end of
the reporting period			4,125,471	3,255,219

RECONCILIATION	RECONCILIATION	OF NET INCOME TO	OF NET INCOME TO	OF NET INCOME TO	OF NET INCOME TO	NET CASH FLOW FROM OPERATING ACTIVITIES	NET CASH FLOW FROM OPERATING ACTIVITIES	NET CASH FLOW FROM OPERATING ACTIVITIES
								2022	2021
								E	E
Net income	for the reporting				period	(as per the Statement	of
Financial Activities)								1,154,861	565,863
Adjustments	for:
Depreciation	charges							156,525	143,108
(Gain)/losses	on investments							(6,056)	912
Interest paid								10,642	10,992
Bank interest	and	investment		income				(3,675)	(3,803)
Decrease in stocks								386	557
(Increase)/decrease			in debtors					(743,755)	163,324
Increase in creditors								404,076	239,745
Net cash provided			by operations					973,004	1,120,698
ANALYSIS OF CHANGES IN NET					FUNDS
						At 1	April		At 31March
						2021		Cash flow	2022
							E	E	E
Net cash
Cash at bank	and in		hand			3,255,219		870,252	4,125,471
						3,255,219		870,252	4,125,471
Debt
Debts falling	due within 1year					(24,553)		(825)	(25,378)
Debts falling	due after 1year					(271,735)		25,100	(246,635)
						(296,288)		24,275	(272,013)
Total						2,958,931		894,527	3,853,458

Where an	employee's	employee's	salary	is funded	is funded	by	Restricted	Restricted	Funds, that funding	also covers	the pension
contribution		for that employee.
DONATIONS		AND LEGACIES
										2022	2021
										f	f
Donations	towards the		establishment		ofa Women's			Centre	in Bristol		761,000
Donations										350,188	264,783
										350,188	1,025,783
OTHER TRADING ACTIVITIES
										2022	2021
										f	f
Fundraising		events								130,210
INCOME FROM CHARITABLE				ACTIVITIES
										2022	2021
			Activity							f	f
Residential		services		Residential		Services			1,887,959		1,754,345
Women's	Community
services				Women's		Community		Services	4,691,032		2,123,853
Hub Community recovery,
including	capital grants			Hub Community			Recovery			151,348	130,504
									6,730,339		4,008,702

Raising donations and legacies
	2022	2021
	f	f
Staff costs	99,288	62,324
Direct costs	114,722	4,221
Depreciation	1,357	1,188
Support costs (see note 8)	5,873	8,918
	221,240	76,651

				Support
	Other direct	Direct staff	Total direct	costs (see
	costs f	costs f	costs f	note 8)f	Totals
Residential
Services	487,168	1,265,150	1,752,338	48,733	1,801,071
Women' s
Community
Services	858,655	2,722,075	3,580,730	172,074	3,752,804
Hub Community
Recovery	98,055	171,699	269,754	17,063	286,817
	1,443,878	4,158,924	5,602,822	237,870	5,840,692

Analysis ofsupport co	sts
						2022	2021
						f	f
ITand office costs						152,751	131,539
Legal and professional	costs including		audit cost, recruitment:	and	training	24,712	26,036
Other costs, including	marketing	and	website costs, membership		ofsector	52,440	44,757
bodies and regulatory	costs
Financing costs						13,840	13,691
						243,743	216,023

						2022	2021
						f	f
Auditors'	remuneration					12,075	11,500
Depreciation -owned assets						156,525	143,108
Auditor's	remuneration - preparation		of the	statutory	financial	925
statements
Operating	lease rentals - plant and machinery					12,484	22,766
Operating	lease rentals - land	and buildings				86,620	83,120
Bank loan	interest payable					10,624	10,992
Bank interest and investment		income received				(3,675)	(3,803)

STAFF	COSTS
		2022	2021
		E	f
Wages	and salaries	3,823,716	2,875,135
Social	security costs	274,205	219,861
Other	pension costs	213,873	166,032
		4,311,794	3,261,028

			2022	2021
Residential 8 Women's Community		Services	147	117
Support, including	fundraising		20	18
Hub Community	Recovery		7	10
			174	145

2022	2021
1	1

					2022	2021
Residential and Women's		Community		Services	131	98
Support, including	fundraising		and business development		19	17
Hub Community	Recovery				5	6
					155	121

COMPARATIVES FOR	THE STA	TEMENT O	F FINANCIAL ACT	IVITIES
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
			E	E	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			264,783	761,000		1,025,783
Charitable activities
Residential Services			1,754,345			1,754,345
Women's Community	Services		1,627,861	495,992		2,123,853
Hub Community Recovery			119,504	11,000		130,504
Total			3,766,493	1,267,992		5,034,485
EXPENDITURE ON
Raising funds			76,651			76,651
Charitable activities
Residential Services			1,779,049			1,779,049
Women's Community	Services		1,461,163	850,811		2,311,974
Hub Community Recovery			254,955	45,081		300,036
Total			3,571,818	895,892		4,467,710
Net gains/(losses) on	investments				(912)	(912)
NET INCOME/(EXPENDITURE)			194,675	372,100	(912)	565,863
RECONCILIATION OF	FUNDS
Total funds brought	forward		2,044,283	4,339,555	42,177	6,426,015
TOTAL FUNDS CARRIED FORWARD			2,238,958	4,711,655	41,265	6,991,878

Included within in	come are Gov	ernment grants tota	lling f87	8,712(	2021:f648,703)c	omprising:
					2022	2021
					E	E
Police and Crime	Commissioners	(Gloucestershire,	Wiltshire	&	117,254	321,733
Avon 5Somerset)
Local Government	grants				346,334	186,197
Grants under the Job Retention		Scheme			1,829	80,773
Ministry ofJustice					140,000	60,000
Welsh Government	grant				273,295
					878,712	648,703

TANGIBLE FIXEDASSETS
	Freehold
	property		Furniture,
	and long	Improvements	fittings
	leasehold	to	and
	property f	property f	equipment f
COST
At 1April 2021	3,009,145	701,937	283,882
Additions			3,559
At 31March 2022	3,009,145	701,937	287,441
DEPRECIATION
At 1April 2021	469,878	282,169	239,014
Charge for year	47,962	27,191	23,638
At 31March 2022	517,840	309,360	262,652
NET BOOK VALUE
At 31March 2022	2,491,305	392,577	24,789
At 31March 2021	2,539,267	419,768	44,868
	Motor	Computer
	vehicles f	equipment f	Totals f
COST
At 1April 2021	46,072	267,160	4,308,196
Additions		67,951	71,510
At 31March 2022	46,072	335,111	4,379,706
DEPRECIATION
At 1April 2021	37,367	161,523	1,189,951
Charge for year	6,939	50,795	156,525
At 31March 2022	44,306	212,318	1,346,476
NET BOOK VALUE
At 31March 2022	1,766	122,793	3,033,230
At 31March 2021	8,705	105,637	3,118,245

FIXEDASSET INVESTMENT	S
		Investments
		f
MARKET VALUE
At 1April 2021		41,265
Revaluations		6,056
At 31March 2022		47,321
NET BOOK VALUE
At 31March 2022		47,321
At 31March 2021		41,265
There were no investment	assets outside the UK.

16.	STOCKS
					2022	2021
					f	f
	Goods held for Resale - Food and Non-Alcoholic			Beverages	837	1,223
17.	DEBTORS
					2022	2021
					f	f
	Amounts	falling due within one year:
	Trade debtors				884,506	441,184
	Other debtors				796,744	474,006
	Prepayments		and accrued income		309,795	123,720
					1,991,045	1,038,910
	Amounts	falling due after more than one year:
	Other debtors				366,703	575,083
	Aggregate	amounts			2,357,748	1,613,993

CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2022	2021
			E	E
Bank loans and overdrafts		(see note 20)	25,378	24,553
Trade creditors			232,857	114,743
Social security and other		taxes	86,506	72,454
Other creditors			90,040	117,654
Accruals and deferred	income		736,452	436,928
			1,171,233	766,332

19.	CREDITORS	: AMOUNTS FALLING DUE AFTER MORE THAN ONE	YEAR
			2022	2021
			E	f
	Bank loans	(see note 20)	246,635	271,735
20.	LOANS
	An analysis	ofthe maturity of loans is given below:
			2022	2021
			E	E
	Amounts falling due within one year on demand:
	Bank loans		25,378	24,553
	Amounts falling between one and two years:
	Bank loans	- 1-2years	26,184	25,378
	Amounts falling due between two and five years:
	Bank loans	- 2-5years	98,125	94,997
	Amounts falling due in more than five years:
	Repayable	by instalments:
	Bank loans	more 5years by installment	122,326	151,360

		2022f	2021 f
Bank	loans	272,013	296,288

	2022	2021
	f	f
Within one year	12,790	9,929
Between one and five years	21,571	22,812
In more than five years

At 31March, the charity had the following total min respect of land 5buildings:	imum lease payments under operat	ing leases
		2021
		f
Within one year	61,410	69,785
Between one and five years		9,500
In more than five years

													2022	2021
						Unrestricted					Restricted	Endowment	Total	Total
								funds			funds	fund	funds	funds
								f			f	f	f	f
	Fixed assets					1,828,319					1,204,911		3,033,230	3,118,245
	Investments											47,321	47,321	41,265
	Current assets					3,269,561					3,214,495		6,484,056	4,870,435
	Current liabilities					(1,131,233)					(40,000)		(1,171,233)	(766,332)
	Long term liabilities						(246,635)						(246,635)	(271,735)
						3,720,012					4,379,406	47,321	8,146,739	6,991,878
24.	MOVEMENT IN	FUNDS
												At 1April	Net	At 31March
												2021	movement	2022
													In funds
													f	f
	Unrestricted funds
	General fund											655,647	1,508,057	2,163,704
	Designated Fund		—Fixed		Assets			Funds				1,583,311	(27,003)	1,556,308
												2,238,958	1,481,054	3,720,012
	Restricted funds
	Women's Community			Services								1,471,504	(345,738)	1,125,766
	Funding for the		purchase			and	start		up
	ofour Women's		Centre		in	Bridgewater						191,379	(31,039)	160,340
	Funding for	the		development					of
	services in		Bristol			and			the
	establishment	of a Women's					Centre			in		1,972,201	(207,587)	1,764,614
	Bristol
	Capital funding		for the		delivery			of	our
	Hub Enterprise	activities										1,072,571	(31,180)	1,041,391
	Residential services											4,000	10,000	14,000
	Funding for the		set up of			our Women'				s
	Centre in Cardiff												273,295	273,295
												4,711,655	(332,249)	4,379,406
	Endowment funds
	Samaritan fund											41,265	6,056	47,321
	TOTAL FUNDS											6,991,878	1,154,861	8,146,739

							Incoming	Resources	Gains and	Movement
							resources	expended	losses	in funds
							f	E	E	E
Unrestricted funds
Genera I fund							5,943,994	(4,435,937)		1,508,057
Designated Fund	- Fixed Assets Funds							(27,003)		(27,003)
							5,943,994	(4,462,940)		1,481,054
Restricted funds
Women's Community		Services					704,856	(1,050,594)		(345,738)
Funding for the	purchase		and	start		up
ofour Women's	Centre in		Bridgewater					(31,039)		(31,039)
Funding for the		development				of
services in	Bristol		and		the
establishment of a Women's				Centre		in		(207,587)		(207,587)
Bristol
Capital funding	for the delivery of				our
Hub Enterprise activities							26,500	(57,680)		(31,180)
Residential services							202,092	(192,092)		10,000
Funding for the	set up of		our Women' s
Centre in Cardiff							273,295			273,295
Fundraising							60,000	(60,000)
							1,266,743	(1,598,992)		(332,249)
Endowment funds
Samaritan fund									6,056	6,056
TOTAL FUNDS							7,210,737	(6,061,932)	6,056	1,154,861

								Net	Transfers
							At 1April	movement	between	At 31March
							2020	in funds	funds	2021
							f	f	f	f
Unrestricted funds
General fund							510,735	304,771	(159,859)	655,647
Designated Fund - Fixed			Assets Funds				1,533,548	(110,096)	159,859	1,583,311
							2,044,283	194,675		2,238,958
Restricted funds
Women's Community		Services					1,708,167	(236,663)		1,471,504
Funding for the	purchase and start				up
ofour Women's	Centre		in Bridgewater				228,736	(37,357)		191,379
Funding for the		development				of
services in	Bristol			and	the
establishment of a Women's				Centre		in	1,292,000	680,201		1,972,201
Bristol
Capital funding	for the		delivery of		our
Hub Enterprise	activities						1,103,863	(31,292)		1,072,571
Residential services								4,000		4,000
Hub Community	Recovery Centre						6,789	(6,789)
							4,339,555	372,100		4,711,655
Endowment funds
Samaritan fund							42,177	(912)		41,265
TOTAL FUNDS							6,426,015	565,863		6,991,878

					Incoming	Resources	Gains and	Movement
					resources f	expended f	losses f	in funds f
Unrestricted funds
General fund					3,766,493	(3,461,722)		304,771
Designated Fund - Fixed Assets Funds						(110,096)		(110,096)
					3,766,493	(3,571,818)		194,675
Restricted funds
Women's Community Services					495,992	(732,655)		(236,663)
Funding for the purchase		and	start up
ofour Women's	Centre in Bridgewater					(37,357)		(37,357)
Funding for	the development			of
services in	Bristol	and the
establishment	of a Women's		Centre	in	761,000	(80,799)		680,201
Bristol
Capital funding	for the delivery of our
Hub Enterprise	activities					(31,292)		(31,292)
Residential services					4,000			4,000
Hub Community	Recovery Centre				7,000	(13,789)		(6,789)
					1,267,992	(895,892)		372,100
Endowment funds
Samaritan fund							(912)	(912)
TOTAL FUNDS					5,034,485	(4,467,710)	(912)	565,863

				At 1April	Incoming	Resources	At 31March
				2021	resources	Expended	2022
				E	E	E	E
National Lottery		Community		72,131		(72,131)
Fund "Women		and	Girls
Initiative"
Establishment	of	Bridgwater		191,379		(31,039)	160,340
Women's Centre
Hinkley Point	C	Community		152,891		(100,177)	52,714
Fund
Development of	our	services to		1,972,202		(212,587)	1,759,615
provide support	to	the	women
of Bristol, with	the		aim of
establishing awomen's centre in
Bristol
Supporting sex working			women	42,500	100,000	(92,500)	50,000
Gloucesters	hire		County
Council
National Lottery		Community		455,927		(118,248)	337,179
Fund -RC South	West Region-
"Empowering			Change
Somerset"
National Lottery		Community		435,210		(115,044)	320,166
Fund - RC South	West		Region-
"SexWorker Outreach Project"
Funding for the	delivery		of our	1,072,571		(28,000)	1,044,571
Hub Enterprise activities

FOR	THE YEAR ENDED 31MA	THE YEAR ENDED 31MA	RCH 2022	RCH 2022
24.	MOVEMENT IN FUNDS -		continued
	Making a difference for children				85,105		(37,380)	47,725
	and young people -	funded		by
	BBCChildren in Need
	Gloucestershire	mentoring				150,000	(37,500)	112,500
	programme - funded	by		CHK
	Foundation
	Core costs - funded	by	Fidelity			40,000	(40,000)
	UK Foundation
	Local Leadership			and		53,642	(53,642)
	Integration Fund - funded		by	the
	Ministry ofJustice

				2022	2021
				f	f
Financial	assets
Measured	at market value
—Investments				47,321	41,265
Measured	at undiscounted	amount	receivable
-Trade and other debtors		and accrued income		2,357,748	1,613,993
Financial	liabilities
Measured	at undiscounted	amount	payable
-Trade and other creditors				1,145,855	741,779
- Bank loans				272,013	296,288
				1,417,868	1,038,067