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|CONTENTS||PAGES|
|---|---|---|
|Charity information|||
|Chair of Board ofTrustees's report|||
|List ofsupporting
organisations|||
|Trustees' report|||
|Independent
auditor's|report|19|
|Statement offinancial|activities|23|
|Balance sheet||24|
|Statement ofcash flows||25|
|Notes tothe financial|statements|27|
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|REGISTERED AND|Nelson House||PRINCIPAL|Lloyds Bank PLC|
|---|---|---|---|---|
|PRINCIPAL OFFICE|Brimscombe|Hill|BANKERS|12Rowcroft|
||Brimscombe|||Stroud|
||Stroud|||Gloucestershire|
||Gloucestershire|||GLS 3BD|
||GLS 2QP||||
|SOLICITORS|Willans
LLP||INDEPENDENT|Sumer Audit|
||28 Imperial Square||AUDITOR|Hermes
House|
||Cheltenham|||Fire Fly Avenue|
||Gloucestershire|||Swindon|
||GLSO 1RH|||SN2 2GA|
|WEBSITE|www. nelsontrust.||corn gg|@TheNelsonTrust|
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|he main risks identi|fied
an|fied
an|d th|e mitig|a|ting|responses to manage these risks include:|
|---|---|---|---|---|---|---|---|
|Risk|identified||||||Actions to address
risk|
|Dependency
on income|sources, key clients and||||||The Nelson Trust continues to build on its reputatlon
in the market for|
|contracts - speclficagy a|significant||loss|of|||providing
high
quality
services and value for money; engages regularly
with|
|contribution,
such as the loss ofa major||||contract,||or|maior customers,
funders, local and central government
to influence the|
|failure of a significant customer|||||||provision ofservices needed; develops new services aligned to its mission|
||||||||and policy frameworks;
cogaborates with statutory
and voluntary
seniice|
||||||||providers to develop best-practice
partnerships;
monitors
and reviews the|
||||||||duration offunding streams
and actively acting to mitigate
and replace|
||||||||funding streams; robust budgeting
process;
reports on impact and monitors|
||||||||statistics and KPls.|
|Fagure to meet regulatory||requirements,||including|||The Nelson Trust have a number ofoperational
controls
In place through|
|CQC, Hea1th and Safety
Legislation
in our building works),
Employment|||(Including asbestos
Legislation, and||||procedures to ensure compliance
with our governance,
legal and regulatory
requirements;
policies are made available through the NetConsent
software|
|compliance
with VAT, Gift||Aid, corporation Tax and|||||platform:
a robust approach to compliance
with those policies and|
|Pensions Regulator
requirements.|||||||procedures,
including
regular meetings
and testing ofprocesses; simple,|
||||||||coherent
reporting on finances,|
|Competitive
funding
and funding cuts stemming|||||from:||The Nelson Trust maintains
regular contact with key and potential fenders|
|~ Economic pressures|||||||and partnerships;
continues to build and strengthen
relationships
with|
|~ Political shifts resulting|in pubgc||funding cuts||||commissioners;
ensures continued
Improvement
and value for money of|
|~ Role/use ofthe voluntary||sector|Instead of||||tender
pro pose Is; monitors
proposed
lega I and regulatory
changes, with|
|commercial
businesses|||||||assistance from external experts as required;
reports on impact and|
||||||||monitors statistics and KPls.|
|Social/Economic
impacts ofan Increase in cost|||||of||The Nelson Trust regularly
reviews financialand
non-financial
data available|
|service degvery (Cost of living, Energy prices, Inflation)|||||||to appraise the delivery ofservices and monitor and respond to staff|
|without
additional
funding||to maintain||quality of|||welfare; continues to review contracts to ensure full cost recovery for|
|service delivery.|||||||funded services; compares budgets; reforecasts regularly;
reporting to the|
||||||||Board ofTrustees regularl .|
|Capacity and use ofresources, Including||||tangible||fixed|The Nelson Trust has robust policies and processes
in place for|
|assets|||||||authorlsation
ofexpenditure,
Including tender processes and capital spends;|
||||||||Estates and environmental
improvements
and ESGagenda are a prlority and|
||||||||designated
funds have been set aside for property improvements,
together|
||||||||with the receipt ofrestdicted capital funds; reserves are monitored
reports|
||||||||regularl
to the Board ofTrustees.|
|Failure to keep our clients,||staff and volunteers|||safe||There is Inherent
risk within this risk by the nature ofour working,|
||||||||particularly
front line workers and volunteers
within our Community|
||||||||services. There Isa strong culture of operational
controls through|
||||||||procedures
which are made avaga hie through the NetConsent
software|
||||||||plafform;
a robust approach to compliance
with those procedures
including|
||||||||Safeguarding,
Lone Working and Health
and Safety Legislation; effe«tive|
||||||||recruitment,
staff trainin
and supervision.|
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|FOR THE YEAR ENDED|31M|ARCH|2023|||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|funds|funds|funds|funds|
|||Notes|E|6|6|6|E|
|Income and Endowments||||||||
|from:||||||||
|Voluntary
sources||||||||
|Donations
and legacies||3|291,991|154,052||446,043|350188|
|Charitable
activities||4||||||
|Residential
Services|||1,871,549|20,247||1,891,796|1)887,959|
|Women's
Community|Services||4,457,461|1,661,627||6,119,088|4,691,032|
|Hub Community
Recovery|||247,912|20,500||268,412|151,348|
|Other trading activities||5|164,451|||164451|130210|
|Bank interest received|||21,859|||21,859||
|Total income and endowments|||7,055,223|1,856,426||8,911,649|7,210,737|
|Expenditure
on:||||||||
|Raising funds|||178,177|10,000||188,177|221,240|
|Charitable
activities||7||||||
|Residential
Services|||1,784,785|11,462||1 796247|1801071|
|Women's
Community|Services||4,461,169|1,112,134||5,573,303|3,752,804|
|Hub Community
Recovery|||438,930|36,992||475,922|286,817|
|Total expenditure|||6,863,061|1,170,588||8033649|6061932|
|Net (losses)/gains
on||||||||
|investments|||||(7,954)|(7,954)|6,056|
|Net income/(expenditure)||9|192,162|685,83&|(7,954)|870,046|1,154,861|
|Reconciliation
offunds:||||||||
|Transfers between
funds|||990,000|(990,000)||||
|Total funds brought forward|||3,720,012|4,379,406|47,321|8,146,739|6,991,878|
|Total funds carried forward||24|'4,902,174|4,075,244|39,367|9,016,785|8,146,739|
|OR THE YEAR|ENDED 31MARCH 2|023||||
|---|---|---|---|---|---|
|||||2023|2022|
||||Notes|E|E|
|FIXEDASSETS||||||
|Tangible assets|||14|4,354,733|3,033,230|
|Investments|||15|39,367|47,321|
|||||4,394,100|3,080,551|
|CURRENT ASSETS||||||
|Stocks|||16|1,211|837|
|Debtors|||17|2,520,770|2,357,748|
|Cash at bank and in hand||||4,152,486|4,125,471|
|||||6,674,467|6,484,056|
|CREDITORS||||||
|Amounts
falling|due within one year||18|(1,918,007)|(1,171,233)|
|NET CURRENT ASSETS||||4,756,460|5,312,823|
|TOTAL ASSETS|LESSCURRENT LIABILITIES|||9,150,560|8,393,374|
|CREDITORS||||||
|Amounts
falling|due after more than|one year|19|(133,775)|(246,635)|
|NET ASSETS||||9,016,785|8,146,739|
|FUNDS|||24|||
|Unrestricted
funds:||||||
|General fund||||843,428|2,163,704|
|Designated
Fund —Future property||investment,|future spend on|1,059,460||
|maintaining
the condition ofowned||properties|and strategic|||
|development|ofthe charity|||||
|Designated
Fund - Fixed Assets Funds||||2,999,286|1,556,308|
|||||4,902,174|3,720,012|
|Restricted funds||||4,075,244|4,379,406|
|Endowment
funds||||39,367|47,321|
|TOTAL FUNDS||||9,016,785|&,146,739|
|||||2023|2022|
|---|---|---|---|---|---|
||||Notes|E|E|
|Cash flows from operating|activities|||||
|Cash generated
from operations||||1,616,303|973,004|
|Interest paid||||(9,413)|(10,642)|
|Net cash provided
by operating
activities||||1,606,890|962,362|
|Cash flows from investing|activities|||||
|Purchase oftangible fixed|assets|||(1,475,758)|(71,510)|
|Net cash used in investing|activities|||(1,475,758)|(71,510)|
|Cash flows from financing|activities|||||
|Loan repayments
in year||||(125,976)|(24,275)|
|Bank interest
and investment
income||||21,859|3675|
|Net cash used
in financing|activities|||(104,117)|(20,600)|
|Change in cash and cash|equivalents|in the year||27,015|870,252|
|Cash and cash equivalents|at the start|ofthe year||4,125,471|3,255,219|
|Cash and cash equivalents|at the end|ofthe year||4,152,486|4,125,471|
##
|TO THE CASH F
HE YEAR ENDED|LOW STATEMENT
31MARCH 2023|LOW STATEMENT
31MARCH 2023|LOW STATEMENT
31MARCH 2023|||THE NELS|ON TRUST|
|---|---|---|---|---|---|---|---|
|RECONCILIATION|OF NET INCOME TO NET CASH|||FLOW FROM|OPERATING|ACTIVITIES||
|||||||2023|2022|
|||||||f|6|
|Net income forthe||reporting|period (as per the Statement of|||||
|FinancialActivities)||||||870,046|1,154,861|
|Adjustments
for:||||||||
|Depreciation
charges||||||154,255|156,525|
|Loss/(gain)
on investments||||||7,954|(6,056)|
|Interest
paid||||||9,413|10,642|
|Bank interest and|investment||income|||(21,859)|(3,675)|
|(Increase)/decrease||in stocks||||(374)|386|
|(Increase)
in debtors||||||(163,022)|(743,755)|
|Increase
in creditors||||||759,890|404,076|
|Net cash provided||by operations||||1,616,303|973,004|
|ANALYSIS OF CHANGES IN NET FUNDS||||||||
|||||At|1April||At 31March|
||||||2022|Cash flow|2023|
||||||f||E|
|Net cash||||||||
|Cash at bank and|in|hand||4,125,471||27,015|4,152,486|
|||||4,125,471||27,015|4,152,486|
|Debt||||||||
|Debts falling due within 1year||||(25,378)||13,116|(12,262)|
|Debts falling due after 1year||||(246,635)||112,860|(133,775)|
|||||(272,013)||125,976|(146,037)|
|Total||||3,853,458||152,991|4,006,449|
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|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2023|2022|
||||||||||E|E|
|Donations towards||the|establishment||ofour|Women's Centre in Bristol|||169,046||
|Donations towards||the|purchase|of|our Women's||Centre|in Swindon|125,000||
|Donations|||||||||151,997|350,188|
||||||||||446,043|350,188|
|INCOME FROM CHARITABLE ACTIVITIES|||||||||||
||||||||||2023|2022|
|||||Activity|||||E|f|
|Residential
services||||Residential||Services|||1,891,796|1,887,959|
|Women's
Community|||services|Women's||Community||Services|6,119,088|4,691,032|
|Hub Community|recovery,|||Hub Community|||Recovery||268,412|151,348|
|including
capital|grants||||||||||
||||||||||8,279,296|6,730,339|
|OTHER TRADING|ACTIVITIES||||||||||
||||||||||2023|2022|
||||||||||E|E|
|Fundraising
events|||||||||164,451|130,210|
|RAISING FUNDS|COSTS||||||||||
|Raising donations||and|legacies||||||||
||||||||||2023|2022|
||||||||||E|E|
|Staff costs|||||||||100,258|99,288|
|Direct costs|||||||||73,347|114,722|
|Depreciation|||||||||312|1,357|
|Support costs (see||note 8)|||||||14,260|5,873|
||||||||||188,177|221,240|
##
|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS||||||
|---|---|---|---|---|---|---|---|
|||Other|Direct staff|Total|Support|2023|2022|
|||direct costs|costs|direct|costs (see|Total|Total|
|||||costs
f|note 8)f|||
|ResidentialServices||545,962|1,221,765|1,767,727|28,520|1,796,247|1,801,071|
|Women' s||1,363,506|3,981,637|5,345,143|228,160|5,573,303|3,752,804|
|Community|Services|||||||
|Hub Community||185,474|276,188|461,662|14,260|475,922|286,817|
|Recovery||||||||
|||2,094,942|5,479,590|7,574,532|270,940|7,845,472|5,840,692|
##
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|SUPPORT COSTS
Analysis ofsupport costs||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
|||||||||f|f|
|ITand office costs||||||||191,857|152,751|
|Legal and professional
costs including|||audit|cost,|recruitment|and|training|44,744|24,712|
|Other costs, including
marketing||and|website costs, membership||||ofsector|37,279|52,440|
|bodies and regulatory
costs||||||||||
|Financing costs||||||||11,320|13,840|
|||||||||285,200|243,743|
|Governance
costs included
within||the|above total||f44,917(2022:f55,609).|||||
|NET INCOME/(EXPENDITURE)||||||||||
|Net income/(expenditure)
is stated after charging/(crediting):||||||||||
|||||||||2023|2022|
|||||||||f|f|
|Auditors'
remuneration||||||||15,000|12,075|
|Depreciation
-owned assets||||||||154,255|156,525|
|Auditor's
remuneration
- preparation||||of the|statutory|financial|||925|
|statements||||||||||
|Operating
lease rentals - plant and machinery||||||||20,152|12,484|
|Operating
lease rentals - land|and|buildings||||||186,085|86,620|
|Bank loan interest payable||||||||9,413|10,624|
|Bank interest and investment|income||received|||||(21,859)|(3,675)|
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|STAFF|COSTS|||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Wages|and salaries|4,886,430|3,823,716|
|Social|security costs|417i014|274,205|
|Other|pension costs|276,404|213,873|
|||5,579,848|4,311,794|
||||2023|2022|
|---|---|---|---|---|
|Residential
&Women's
Community||Services|194|147|
|Support,
including|fundraising||23|20|
|Hub Community|Recovery||13|7|
||||230|174|
|The average num|ber offul|l-tim|e
equiv|alent
employees
("FTE")analy|sed
by function was:||
|---|---|---|---|---|---|---|
||||||2023|2022|
|Residential
and Women's||Community||Services|170|131|
|Support,
including|fundraising||and business development||21|19|
|Hub Community|Recovery||||9|5|
||||||200|155|
##
|FOR|THE YEAR ENDED 31MARCH 2023|THE YEAR ENDED 31MARCH 2023|THE YEAR ENDED 31MARCH 2023|THE YEAR ENDED 31MARCH 2023|||
|---|---|---|---|---|---|---|
|12.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||
||||Unrestricted|Restricted|Endowment|Total|
||||funds|funds|funds|funds|
||||E|E|E|E|
||Income and Endowments|from:|||||
||Donations
and legacies||290,188|60,000||350,188|
||Charitable
activities||||||
||Residential
Services||1,685,867|202,092||1,887,959|
||Women's
Community
Services||3,712,881|978,151||4,691,032|
||Hub Community
Recovery||124,848|26,500||151,348|
||Other trading activities||130,210|||130,210|
||Total income and endowments||5,943,994|1,266,743||7,210,737|
||Expenditure
on||||||
||Raising funds||221,240|||221,240|
||Charitable
activities:||||||
||Residential
Services||1,567,663|233,408||1,801,071|
||Women's
Community
Services||2,449,900|1,302,904||3,752,804|
||Hub Community
Recovery||224,137|62,680||286,817|
||Total expenditure||4,462,940|1,598,992||6,061,932|
||Net gains on investments||||6,056|6,056|
||Net income/(expenditure)||1,481,054|(332,249)|6,056|1,154,861|
||Reconciliation offunds||||||
||Total funds brought forward||2,238,958|4,711,655|41,265|6,991,878|
||Total funds carried forward||3,720,012|4,379,406|47,321|8,146,739|
##
|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Freehold|||
||property||Furniture,|
||and long|Improvements|fittings|
||leasehold|to|and|
||property|property|equipment|
||E|E|E|
|COST||||
|At 1April 2022|3,009,145|701,937|287,436|
|Additions|1,337,415|3,003|62,434|
|At 31March 2023|4,346,560|704,940|349,870|
|DEPRECIATION||||
|At 1April 2022|517,840|309,360|262,652|
|Charge for year|52,620|11,926|18,866|
|At 31March 2023|570,460|321,286|281,518|
|NET BOOK VALUE||||
|At 31March 2023|3,776,100|383,654|68,352|
|At 31March 2022|2,491,305|392,577|24,789|
||Motor|Computer||
||vehicles|equipment|Totals|
||E|E|E|
|COST||||
|At 1April 2022|46,072|335,116|4,379,706|
|Additions||72,906|1,475,758|
|At 31March 2023|46,072|408,022|5,855,464|
|DEPRECIATION||||
|At 1April 2022|44,306|212,318|1,346,476|
|Charge for year|1,766|69,077|154,255|
|At 31March 2023|46,072|281,395|1,500,731|
|NET BOOK VALUE||||
|At 31March 2023||126,627|4,354,733|
|At 31March 2022|1,766|122,798|3,033,230|
##
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|MARKET VALUE||
|---|---|
|At 1April 2022|47,321|
|Revaluations|(7,954)|
|At 31March 2023|39,367|
|NET BOOK VALUE||
|At 31March 2023|39,367|
|At 31March 2022|47,321|
##
##
|STOCKS||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|f|
|Goods held for Resale - Food and Non-Alcoholic|||Beverages|1.211|837|
|DEBTORS||||||
|||||2023|2022|
|||||E|E|
|Amounts|falling due within one year:|||||
|Trade debtors||||1,067,028|884,506|
|Other debtors||||725,009|796,744|
|Prepayments||and accrued income||379,495|309,795|
|||||2,171,532|1,991,045|
|Amounts|falling due after more than one year:|||||
|Other debtors||||349,238|366,703|
|Aggregate|amounts|||2 520,770|2,357,748|
|1&.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||f|F.|
||Bank loans and overdrafts||(see note 20)|12,262|25,378|
||Trade creditors|||137,051|232,857|
||Social security and other||taxes|95,278|86,506|
||Other creditors|||102,933|90,040|
||Accruals and deferred|income||1,570,483|736,452|
|||||1,918,007|1,171,233|
##
|CREDITOR|S: AMOUNTS
FALLING DUE AFTER MORE THAN ONE|YEAR||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Bank loans|(see note 20)|133,775|246,635|
|LOANS||||
|An analysis|ofthe maturity ofloans is given below:|||
|||2023|2022|
|||f|E|
|Amounts
falling due within one year on demand:||||
|Bank loans||12,262|25,378|
|Amounts
falling between one and two years:||||
|Bank loans|- 1-2years|12,901|26,184|
|Amounts
falling due between two and five years:||||
|Bank loans|- 2-5years|42,349|98,125|
|Amounts
falling due in more than five years:||||
|Repayable|by instalments:|||
|Bank loans|more 5years by instalment|78,525|122,326|
##
##
|The following
secured debts|are include|d
|within creditors:||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2023|||2022|
||||||||E|||E|
|Bank loans|||||||146,037|||272,013|
|During the year there were two bank loans:|||||||||||
|The variable
rate bank loan was repaid||in|full during the|year, at|31March 2022 there was a balance||||||
|ofE114,028 outstanding.|||||||||||
|The second loan is repayable|with interest||paid at a fixed rate. At 31|||March 2023, the balance ofthe|||||
|loan was E146,037 (2022:E157,984).The|||loan bears interest at 4.54%%d and is repayable||||||by|November|
|2032.|||||||||||
|As at31March 2023the loan was secured|||on 1 Brunswick Square, Gloucester.||||||||
|LEASING AGREEMENTS|||||||||||
|At 31March, the charity had the following|||total minimum|lease payments|||under operating|||leases:|
||||Equipment||||Land|and|Buildings||
||||2023|2022|||2023|||2022|
||||E|E||||E||E|
|Within one year|||8,729|12,790|||90,020|||61,410|
|Between one to five years|||10,928|21,571|||||||
|In more than five years|||||||||||
|ANALYSIS OF NET ASSETS BETWEEN FUNDS|||||||||||
|||Unrestricted||Restricted|||Endowment|||Total|
||||funds||funds||fund|||funds|
||||E|||E||E||E|
|As at31March 2023:|||||||||||
|Fixed assets|||3,176,769|1,177,964||||||4,354,733|
|Investments|||||||39,367|||39,367|
|Current assets|||3,777,187|2,897,280||||||6,674,467|
|Current
liabilities|||(1,918,007)|||||||(1,918,007)|
|Long term liabilities|||(133,775)|||||||(133,775)|
||||4,902,174|4,075,244|||39,367|||9,016,785|
|As at31March 2022:|||||||||||
|Fixed assets|||1,828,319|1,204,911||||||3,033,230|
|Investments|||||||47,321|||47,321|
|Current assets|||3,269,561|3,214,495||||||6,484,056|
|Current
liabilities|||(1,131,233)|(40,000)||||||(1,171,233)|
|Long term liabilities|||(246,635)|||||||(246,635)|
||||3,720,012|4,379,406|||47,321.|||8,146,739|
##
##
##
|24.|MOVEMENT
IN FUNDS|MOVEMENT
IN FUNDS|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||At 1Apnl|Net|At 31March|
|||||||||2022|movement|2023|
||||||||||In funds||
||||||||||E||
||Unrestricted
funds||||||||||
||General
fund|||||||2,163,704|(1,320,276)|843,428|
||Designated
Fund —future|||property|investment,||||1,059,460|1,059,460|
||maintenance
and strategic|||development|||||||
||Designated
Fund - Fixed||Assets Funds|||||1,556,308|1,442,978|2,999,286|
|||||||||3,720,012|1,182,162|4,902,174|
||Restricted funds||||||||||
||Women's
Community
Services|||||||1,125,766|616822|1742 588|
||Funding
for the purchase|||and start up|||||||
||ofour Women's
Centre||in|Bridgewater||||160,340|(3,310)|157,030|
||Funding
for
the|development||||of|||||
||services
and
the|establishment|||of|a|||||
||Women's
Centre
in|Bristol||||||1,764,614|(891,414)|873,200|
||Capital funding
for|the|delivery of our||||||||
||Hub Enterprise
activities|||||||1,041,391|844|1,042,235|
||Residential
services|||||||14,000|(4,000)|10,000|
||Funding for the set|up ofour Women's|||||Centre in|273,295|(50,104)|223,191|
||Cardiff||||||||||
||Core cost funding||||||||27,000|27,000|
|||||||||4,379,406|(304162)|4075 244|
||Endowment
funds||||||||||
||Fund to finance training||and hardship||||support to those|47,321|(7,954)|39,367|
||in the criminal, justice system||||||||||
||TOTAL FUNDS|||||||8,146,739|870,046|9,016,785|
##
|MOVEMENT
IN FUNDS|- c|onti|onti|nued|nued|nued|||||
|---|---|---|---|---|---|---|---|---|---|---|
|The movement
in funds|in|the||year ended|||31March 2023|were as follows:|||
||||||||Incoming|Resources|Gain/Loss|Movement|
||||||||resources
f|expended
f|and transfers
f|in funds
f|
|Unrestricted
funds|||||||||||
|General fund|||||||7,055,223|(6,863,061)|(1,540,575)|(1,348,413)|
|Designated
Fund
—future|||||property||||1,059,460|1,059,460|
|investment,
maintenance||and|||strategic||||||
|development|||||||||||
|Designated
Fund - Fixed|Assets||||Funds||||1,471,115|1,471,115|
||||||||7,055,223|(6,863,061)|990,000|1,182,162|
|Restricted funds|||||||||||
|Women's
Community
Services|||||||1,586,133|(839,311)|(125,000)|621,822|
|Funding
for the purchase||and||start||up|||||
|ofour Women's
Centre|in|Bridgewater||||||(3,310)||(3,310)|
|Funding
for
the
development||||||of|||||
|services
in
Bristol||and||||the|||||
|establishment
of a Women's||||Centre||in|174,046|(195,460)|(865,000)|(886,414)|
|Bristol|||||||||||
|Capital funding
for the|delivery||||of|our|||||
|Hub Enterprise
activities|||||||22,000|(31,156)||(9,156)|
|Residential
services|||||||20,247|(24,247)||(4,000)|
|Funding for the set up of||our|Women' s||||||||
|Centre
in Cardiff||||||||(50,104)||(50,104)|
|Core cost funding|||||||54,000|(27,000)||27,000|
||||||||1,856,426|(1,170,588)|(990,000)|(304,162)|
|Endowment
funds|||||||||||
|Fund to finance
training||and|||||||(7,954)|(7,954)|
|hardship
support
to those|||in||||||||
|the criminal justice system.|||||||||||
|TOTAL FUNDS|||||||8,911,649|(8,033,649)|(7,954)|870,046|
|FOR|THE YEAR ENDED 31MARCH 2023|THE YEAR ENDED 31MARCH 2023|THE YEAR ENDED 31MARCH 2023|||||
|---|---|---|---|---|---|---|---|
|24.|MOVEMENT
IN FUNDS - continued|||||||
||Comparatives
for movement||in funds|||||
|||||||Net||
||||||At 1April|movement|At31March|
||||||2021|in funds|2022|
||||||E|E|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||||
||Bristol||||1,972,201|(207,587)|1,746,614|
||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|
||Hub Community
Recovery Centre|||||||
||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|||||||
||Fund to finance
training
and||||41,265|6,056|47,321|
||hardship
support
to those||in|||||
||the criminal justice system.|||||||
||TOTAL FUNDS||||6,991,878|1,154,861|8,146,739|
##
|MOVEMENT
IN FUNDS|- conti|- conti|nued|nued|nued|||||
|---|---|---|---|---|---|---|---|---|---|
|The movement
in funds|in the||year ended|||31March 2022|was as follows:|||
|||||||Incoming|Resources|Gains and|Movement|
|||||||resources
E|expended
f|losses
E|in funds
f|
|Unrestricted
funds||||||||||
|General 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 ofour|||||||||
|Hub Enterprise
activities||||||26,500|(57,680)||(31,180)|
|Residential
services||||||202,092|(192,092)||10,000|
|Funding for the set up ofour Women'|||||s|||||
|Centre
in Cardiff||||||273,295|||273,295|
|Core cost funding||||||60,000|(60,000)|||
|||||||1,266,743|(1,598,992)||(332,249)|
|Endowment
funds||||||||||
|Fund to finance
training
and||||||||6,056|6,056|
|hardship
support
to those||in||||||||
|the criminal justice system.||||||||||
|TOTAL FUNDS||||||7,210,737|(6,061,932)|6,056|1,154,861|
##
##
|estricted funds
ignificant movements
in individual
funds during|the year were|:|||
|---|---|---|---|---|
||At 1April|Incoming|Resources|At 31March|
||2022|resources|expended|2023|
||E|E|E|E|
|Establishment
of Bridgwater
Women's Centre
Hinkley
Point CCommunity
Fund|160,340
52,714|149,913|(3,310)
(81,436)|157,030
121,191|
|Development
ofour services to provide|1,764,614|169,046|(1,060,460)|873,200|
|support to the women of Bristol, with the|||||
|aim ofestablishing
a women's centre in|||||
|Bristol|||||
|Supporting
sex working women-|50,000|50,000|(100,000)||
|Gloucestershire
County Council|||||
|National
Lottery Community
Fund -RC South|337,179||(154,742)|182,437|
|West Region - "Empowering
Change|||||
|Somerset"|||||
|National
Lottery Community
Fund - RCSouth|320,166||(141,245)|178,921|
|West Region -"Sex Worker Outreach
Project"
Capital Funding to enable the delivery ofour|1,041,391||(23,637)|1,017,754|
|Hub Enterprise
activities
Making a difference for children
and young|47,725||(37,380)|10,345|
|people - funded
by BBCChildren
in Need
Gloucestershire
mentoring
programme-|112,500||(75,000)|37,500|
|funded
by CHK Foundation
Gloucestershire
Change Team Project funded||140000|(70000)|70,000|
|by Gloucestershire
NHS Clinical|||||
|Commissioning
Group
Establishment
ofCardiff Women's Centre-|273,295||(50,104)|223,191|
|funded
by Welsh Government|||||
|Purchase ofSwindon
Women's Centre—||125,000|(125,000)||
|funded
by The Clothworkers'
Foundation|||||
|Local Leadership
and Integration
Fund-||727,529|(727,529)||
|funded
by the Ministry ofJustice
Core cost funding||649,318|(49,318)|600,000|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|FINANCIAL INSTRUMENTS|FINANCIAL INSTRUMENTS|||||
|---|---|---|---|---|---|
|The carrying value ofthe charity's||financial assets and liabilities are summarised
by|||category below:|
|||||2023|2022|
|||||f||
|Financial assets||||||
|Measured
at market value||||||
|- Investments||||39,367|47,321|
|Measured
at undiscounted|amount||receivable|||
|-Trade and other debtors|and accrued income|||2,520,770|2,357,748|
|Financial
liabilities||||||
|Measured
at undiscounted|amount||payable|||
|-Trade and other creditors||||1,905,745|1,145,855|
|-Bank loans||||146,037|272,013|
|||||2,051,782|1,417,868|