| CONTENTS | Page | ||
|---|---|---|---|
| List ofofficers, Board members | and advisers | ||
| Trustees Report | 2-5 | ||
| Report ofthe Independent | Examiners | ||
| Consolidated Statement of |
Financial Activities | ||
| Consolidated Statement of |
Financial Position | ||
| Statement ofFinancial Position | |||
| Consolidated Statement of |
Cash | Flows | 10 |
| Notes to the Financial Statements | 11 — 19 |
| DIRECTORS/TR | STEES | Dawn Melvin | (Chair) | |
|---|---|---|---|---|
| Richard Andrew | Setchell | —Resigned 23 August 2022 | ||
| Douglas John Rugg (Vice | chair) | |||
| James Melvin | ||||
| Jan Tappin | ||||
| Malcolm Watson | —Resigned 29June 2021 | |||
| ADDRESS BcREGISTERED OFFICE | Warehouse 5 |
|||
| West Quay | ||||
| The Docks | ||||
| Gloucester | ||||
| GL1 2EH | ||||
| INDEPENDENT | EXAMINERS | Andorran Limited |
||
| Chartered Accountants |
||||
| 6Manor Park Business Centre | ||||
| Mackenzie Way | ||||
| Cheltenham | ||||
| Glos GL51 9TX | ||||
| BANKERS | Lloyds Banking Group | |||
| 19Eastgate Street | ||||
| Glouce ster | ||||
| GL1 1NU | ||||
| SOLICITORS | Tayntons Solicitors |
|||
| 8-12Clarence Street | ||||
| Gloucester | ||||
| GL1 1DZ |
| 31MARCH | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | ||||
| INCOME | |||||||
| Income from charitable | activities | (note 2) | 219,724 | 219,724 | 106,364 | ||
| Other activities | |||||||
| Donations and legacies |
(note 3) | 12,442 | 12,442 | 4,483 | |||
| Other trading activities | (note 3) | 38,686 | 38,686 | 22,307 | |||
| Income from investments | 11 | 11 | 28 | ||||
| Other income (note 4) | 37,547 | 37,547 | 249,675 | ||||
| 88,686 | 88,686 | 276,493 | |||||
| Total Income | 308,410 | 308,410 | 382,857 | ||||
| EXPENDITURE | |||||||
| Raising funds (note 6) | 31,247 | 31,247 | 17,457 | ||||
| Charitable activities (note 7) |
315,841 | 4,307 | 320,148 | 291,800 | |||
| Total Expenditure | 347,088 | 4,307 | 351,395 | 309,257 | |||
| Net Income/(Expenditure) | (38,678) | (4,307) | (42,985) | 73,600 | |||
| Balances transferred | between | funds | |||||
| Funds brought forward |
at 1April 2021 | 156,758 | 9,474 | 166,232 | 92,632 | ||
| Funds carried forward | at 31March 2022 | 118,080 | 5,167 | 123,247 | 166,232 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| FIXEDASSETS | |||||
| Tangible assets (note 10) |
11,230 | 5,167 | 16,397 | 19,446 | |
| Investments (note 11) |
2 | 2 | 2 | ||
| 11,232 | 5,167 | 16,399 | 19,448 | ||
| CURRENT ASSETS | |||||
| Debtors (note 13) | 41,079 | 41,079 | 51,842 | ||
| Bank and cash in hand | 83,153 | 83,153 | 115,296 | ||
| CREDITORS: amounts | falling due | 124,232 | 124,232 | 167,138 | |
| within one year | |||||
| Creditors (note 15) |
17,384 | 17,384 | 20,354 | ||
| NET CURRENT ASSETS | 106,848 | 106,848 | 146,604 | ||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 118,080 | 5,167 | 123,247 | 166,232 |
| FUNDS OFTHE CHARITY | |||||
| Unrestricted funds (note |
8) | ||||
| General Funds | 118,080 | 118,080 | 156,758 | ||
| Restricted funds (note 8) |
5,167 | 5,167 | 9,474 | ||
| 118,080 | 5,167 | 123,247 | 166,232 |
| 2022 | 2021 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net movement in funds (as per the statement offinancial activities) |
(42,985) | 73,600 |
| Adjustments for: |
||
| Depreciation charges |
5,993 | 10,457 |
| Loss/(Profit) on sale offixed assets |
(330) | |
| (increase)/decrease in stock |
468 | 1 |
| (increase) /decrease in debtors |
627 | (5,622) |
| Increase /(decrease) in creditors |
1,086 | (910) |
| Net cash used in operating activities |
(34,811) | 77,196 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Proceeds from sale ofplant and equipment | 417 | |
| Purchases ofplant and equipment | (2,944) | |
| Net cash used in investing activities |
(2&944) | 417 |
| Increase /(decrease) in cash in the year |
(37,755) | 77,613 |
| Cash balance at 1April 2021 | 125,959 | 48,346 |
| Cash balance at 31March 2022 | 88,204 | 125,959 |
| OTHER INCOME | 2022 | 2021 | ||
| Coronavirus Job Retention | Scheme | 18,213 | 97,955 | |
| Coronavirus Retail Support |
Grants | 19,334 | 151,390 | |
| Profit on disposal ofplant | &machinery | 330 | ||
| 37,547 | 249,675 | |||
| NET INCOME/(EXPENDITURE) | 2022 | 2021 | ||
| Net income/(expenditure) | is stated after charging:- | |||
| Depreciation oftangible | fixed assets | |||
| —owned assets | 5,993 | 10,457 | ||
| Rent (operating lease) |
42,965 | 48,062 | ||
| Independent Examiners' |
remuneration | |||
| —charity | 1,425 | 1,550 | ||
| —group | 1,765 | 1,860 |
| March 2022 o | r 202 | 1.The sta | ff costs were:— | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | ||||
| Salaries and wages | 173,991 | 173,991 | 169,284 | ||||
| Social security | costs | 8,545 | 8,545 | 7,796 | |||
| Pension costs | 3,687 | 3,687 | 3,236 | ||||
| 186,223 | 186,223 | 180,316 | |||||
| FRP employed | the | following | full time equivalent | staff during the | year | ||
| No. | No. | ||||||
| Administration | and | management | 1 | 1 | |||
| Volunteer support |
and workshops | 1 | 1 | ||||
| Shops and distribution | 7 | 7 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | Funds | Funds | |||||
| Fundraising expenses: |
||||||||
| Salaries | 730 | 730 | 1,825 | |||||
| Printing, postage |
Bcstationery | 85 | ||||||
| Telephone | 125 | |||||||
| Trading expenses: | ||||||||
| Purchases for resale |
30,084 | 30,084 | 15,023 | |||||
| Accountancy | 340 | 340 | 310 | |||||
| Bank charges | 93 | 93 | 89 | |||||
| 31,247 | 31,247 | 17,457 | ||||||
| CHARITABLE | ACTIVITIES | |||||||
| Disposal ofwaste | 418 | 418 | 575 | |||||
| Salaries | 185,493 | 185,493 | 178,491 | |||||
| Volunteers expenses |
7,925 | 7,925 | 3,097 | |||||
| Training Br.travel |
793 | 793 | 323 | |||||
| Sundry staff costs | 1,378 | 1,378 | 1,193 | |||||
| Rent | 42,965 | 42,965 | 48,062 | |||||
| Rates Bcwater | 7,901 | 7,901 | 1,405 | |||||
| Premises insurance | 2,131 | 2,131 | 2,608 | |||||
| Light, heat Brpower | 18,473 | 18,473 | 12,687 | |||||
| Premises, maintenance | Br cleaning | 11,905 | 11,905 | 2,714 | ||||
| Depreciation | 4,307 | 1,686 | 5,993 | 10,457 | ||||
| Van running costs |
11,912 | 11,912 | 7,244 | |||||
| Riser-recliner hire |
expenditure | 332 | 332 | 429 | ||||
| Workshop @office | 674 | 674 | 5,066 | |||||
| Printing, postage R stationery | 1,711 | 1,711 | 1,295 | |||||
| Telephone | 3,281 | 3,281 | 3,103 | |||||
| Legal, accounting | Bcother professional | fees | 7,642 | 7,642 | 5,864 | |||
| General insurance | 6,037 | 6,037 | 4,832 | |||||
| Bank charges | 593 | 593 | 547 | |||||
| Subscriptions | 1,166 | 1,166 | 258 | |||||
| Accountancy —Independent | examination | 1,425 | 1,425 | 1,550 | ||||
| 4,307 | 315,841 | 320,148 | 291,800 |
| Brought | Transfers & | Carried | ||||
|---|---|---|---|---|---|---|
| forward | Income | Expenditure | Capital costs | forward | ||
| Unrestricted | funds: | |||||
| General Fund | 156,758 | 308,410 | 347,088 | 118,080 | ||
| 156,758 | 308,410 | 347,088 | 118,080 |
| Brought | Carried | |||||||
|---|---|---|---|---|---|---|---|---|
| forward | Income | Expenditure | Transfers | forward | ||||
| Restricted | funds | by | Department: | |||||
| Operations | 9,224 | 4,307 | 4,917 | |||||
| Electrical | 250 | 250 | ||||||
| 9,474 | 4,307 | 5,167 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| Funds | Funds | Funds | |||
| INCOME | |||||
| Income from charitable | activities | (note 2) | 96,364 | 10,000 | 106,364 |
| Other activities (note 3) | |||||
| Donations and legacies Other trading activities Income from investments |
4,483 22,307 28 |
4,483 22,307 28 |
|||
| Other income | 249,675 | 249,675 | |||
| 276,493 | 10,000 | 276,493 | |||
| Total Income | 372,857 | 10,000 | 382,857 | ||
| EXPENDITURE | |||||
| Raising funds (note 6) Charitable activities (note 7) |
17,457 271,790 |
20,010 | 17,457 291,800 |
||
| Total Expenditure | 289,247 | 20,010 | 309,257 | ||
| Net Income/(Expenditure) | 83,610 | (10,010) | 73,600 | ||
| Balances transferred between |
funds | ||||
| Funds brought forward |
at 1April 2020 | 73,148 | 19,484 | 92,632 | |
| Funds carried forward | at31March 2021 | 156,758 | 9,474 | 166,232 |
| Plant and | Motor | |||
|---|---|---|---|---|
| Equipment | Vehicles | Total | ||
| Cost | ||||
| As at 1 April 2021 | 107,643 | 76,962 | 184,605 | |
| Additions in year |
2,944 | 2,944 | ||
| Disposals in year | ||||
| Balance at 31March 2022 | 110,587 | 76,962 | 187,549 | |
| Depreciation | ||||
| As at 1 April 2021 | 94,924 | 70,235 | 165,159 | |
| Charge for year Eliminated on disposals |
4,996 | 997 | 5,993 | |
| Balance at 31March 2022 | 99,920 | 71,232 | 171,152 | |
| Net BookValue | ||||
| At 31March 2022 | 10,667 | 5,730 | 16,397 | |
| At 31March 2021 | 12,719 | 6,727 | 19,446 | |
| 11. | FIXEDASSETINVESTMENTS | |||
| Investment in subsidiary |
Shares | Loan | Total | |
| At 1April 2021 and 31March 2022 | ||||
| 2022 | 2021 | |||
| 12. | DEBTORS - GROUP | |||
| Trade debtors Other debtors Rprepayments |
8,171 19,131 |
2,235 22,448 |
||
| VAT recoverable | 6,558 | 9,804 | ||
| 33,860 | 34,487 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 13. | DEBTORS —PARENT COMPANY | |||
| Trade debtors | 6,492 | 2,057 | ||
| Other debtors Bcprepayments VAT recoverable |
28,373 6,214 |
41,109 8,676 |
||
| 41,079 | 51,842 | |||
| 14. | CREDITORS -GROUP | |||
| Trade creditors | 16,239 | 15,662 | ||
| Accruals and deferred income | 2,905 | 1,950 | ||
| Other creditors | 802 | 725 | ||
| Tax and social | security | 2,733 | 3,256 | |
| 22,679 | 21,593 | |||
| 15. | CREDITORS | —PARENT COMPANY | ||
| Trade creditors | 11,260 | 14,722 | ||
| Accruals and deferred income | 2,590 | 1,650 | ||
| Other creditors | 802 | 725 | ||
| Tax and social security | 2,732 | 3,257 | ||
| 17,384 | 20,354 |
| Land | and | buildings | ||
|---|---|---|---|---|
| Within | one | year | 20,012 | 22,709 |
| Within | two | to five years | 40,024 | 41,671 |