| CONTENTS | |
|---|---|
| CHARITY INFORMATION | |
| TRUSTEES' ANNUAL REPORT |
|
| STATEMENT OF TRUSTEES' RESPONSIBILITIES | |
| INDEPENDENT AUDITOR'S REPORT | |
| CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES | 12 |
| CONSOLIDATED BALANCE SHEET |
|
| CHARITY BALANCE SHEET | 14 |
| CONSOLIDATED CASH FLOW STATEMENT |
15 |
| NOTES TO THE FINANCIAL STATEMENTS | 16 |
| CHARITY INCOME AND EXPENDITURE ACCOUNT | 25 |
| Company | Registration | Registration | Number | 03246746 (England | and Wales) | and Wales) | |
|---|---|---|---|---|---|---|---|
| Charity Registration | Number | 1058320 | |||||
| Trustees and Directors | T T L Chan (resigned | 7 May | 2021) | ||||
| A Donnell | |||||||
| R D Gifford | |||||||
| A J Scott | |||||||
| M CTraynor | |||||||
| Chief Executive Officer | Z Gifford | ||||||
| Registered | Office and | Principal | Address | The Asha Centre | |||
| Gunn Mill House |
|||||||
| Lower Spout Lane | |||||||
| Nr Mitcheldean | |||||||
| Gloucestershire | |||||||
| GL17 OEA | |||||||
| Auditors | Kingscott Dix (Cheltenham) |
Ltd | |||||
| Malvern View Business Park |
|||||||
| Stella Way | |||||||
| Bishops Cleeve | |||||||
| Cheltenham | |||||||
| Gloucestershire | |||||||
| GL52 7DQ |
| 2022 | 2022 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Group | Group | Group | Group | ||||
| Unrestiicted | Restricted | Total | Total | ||||
| Note | Funds | Funds | Funds | Funds | |||
| f | f | f | f | ||||
| INCOME | |||||||
| Voluntary income |
9,254 | 630,533 | 639,787 | 49,126 | |||
| Income from charitable | activities: | ||||||
| Youth training and development |
6 | 149,771 | 149,771 | 242,604 | |||
| Other trading activities |
91,879 | 91,879 | 161,221 | ||||
| Investment income |
1,399 | ||||||
| Other income | 92,500 | ||||||
| TOTAL INCOME | 101,133 | 780,304 | 881,437 | 546,850 | |||
| EXPENDITURE | |||||||
| Expenditure on charitable |
activities: | ||||||
| Youth training and development |
220,241 | 326,109 | 546,350 | 524,199 | |||
| TOTAL EXPENDITURE | 220,241 | 326,109 | 546,350 | 524,199 | |||
| NET INCOME / (EXPENDITURE) | (119,108) | 454,195 | 335,087 | 22,651 | |||
| Transfers between funds |
(176,338) | 176,338 | |||||
| NET MOVEMENT IN FUNDS |
10 | (295,446) | 630,533 | 335,087 | 22,651 | ||
| TOTAL FUNDS BROUGHT | FORWARD | 16 | 3,916,097 | 3,916,097 | 3,893,446 | ||
| TOTAL FUNDS CARRIED | FORWARD | 16 | 3,620,651 | 630,533 | 4,251,184 | 3,916,097 |
| CONSOLIDATED BALANCE |
SHEET | |||
|---|---|---|---|---|
| (Company number: 03128079) |
||||
| 2022 | 2021 | |||
| Note | Group | Group | ||
| E | E | |||
| FIXEDASSETS | ||||
| Tangible assets | 12 | 3,995,262 | 3,335,363 | |
| Investments | 13 | |||
| 3,995,262 | 3,335,363 | |||
| CURRENT ASSETS | ||||
| Debtors | 84,939 | 9,379 | ||
| Cash at bank and in hand | 260,774 | 592,300 | ||
| 345,713 | 601,679 | |||
| CURRENT LIABILITIES | ||||
| Creditors due within one | year | 15 | 89,791 | 20,945 |
| 89,791 | 20,945 | |||
| Net current assets | 255,922 | 580,734 | ||
| Total assets less current | liabilities | 4,251,184 | 3,916,097 | |
| NET ASSETS | 4,251,184 | 3,916,097 | ||
| FUNDS | ||||
| Unrestricted funds |
3,620,651 | 3,916,097 | ||
| Restricted funds | 630,533 | |||
| TOTAL FUNDS | 16 | 4,251,184 | 3,916,097 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | Charity | Charity | ||
| E | E | |||
| FIXEDASSETS | ||||
| Tangible assets | 3,297,012 | 3,335,363 | ||
| Investments | ||||
| 3,297,012 | 3,335,363 | |||
| CURRENT ASSETS | ||||
| Debtors | 14 | 742,960 | 9,379 | |
| Cash at bank and in hand | 15 | 228,478 | 592,300 | |
| 971,438 | 601,679 | |||
| CURRENT LIABILITIES | ||||
| Creditors due within one | year | 17,266 | 20,945 | |
| 17,266 | 20,945 | |||
| Net current assets | 954,172 | 580,734 | ||
| Total assets less current | liabilities | 4,251,184 | 3,916,097 | |
| NET ASSETS | 4,251,184 | 3,916,097 | ||
| FUNDS | ||||
| Unrestricted funds |
3,620,651 | 3,916,097 | ||
| Restricted funds |
630,533 | |||
| TOTAL FUNDS | 4,251,184 | 3,916,097 |
| CONSOLIDATED CASH |
FLOW STATEMENT | FLOW STATEMENT | FLOW STATEMENT | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | Group | Group | ||||
| E | ||||||
| CASH FLOWS FROM | OPERATING | ACTIVITES | ||||
| Net movement in funds |
335,087 | 22,651 | ||||
| Depreciation charge |
12 | 88,768 | 87,403 | |||
| Profit on asset disposals | (92,724) | |||||
| Interest income | (1,399) | |||||
| 423,855 | 635,504 | |||||
| (Increase) / decrease | in stock | |||||
| (Increase) / decrease | in debtors | 14 | (75,560) | 13,489 | ||
| Increase / (decrease) | in creditors | 16 | 68,846 | 2,736 | ||
| Net cash provided by operating |
activities | 417,141 | 32,156 | |||
| CASH FLOWS FROM | INVESTING | ACTIVITES | ||||
| Interest income | 1,399 | |||||
| Purchase oftangible | fixed assets | 12 | (748,667) | (69,368) | ||
| Proceeds from sale oftangible fixed assets |
100,319 | |||||
| Return offunds on fixed term deposit | 202,737 | |||||
| Net cash used in investing activities |
(748,667) | 235,087 | ||||
| Change in cash and |
equivalents | for the year | (331,526) | 267,243 | ||
| Cash and equivalents | at the beginning | ofthe year | 592,300 | 325,057 | ||
| CASH AND EQUIVALENTS AT THE END | OF THE YEAR | 260,774 | 592,300 |
| 5 | Voluntary in |
come | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| Group | Group | |||||||||
| f | f | |||||||||
| Donations | 637,672 | 39,277 | ||||||||
| Gift aid | 2,115 | 9,849 | ||||||||
| 639,787 | 49,126 | |||||||||
| During the year, the company f630,533.These donations are |
received restricted. |
donations | from | The Purie-Harwell | Trust, | a registered | charity, o |
|||
| 6 | Income from | charitable | activities | |||||||
| 2022 | 2021 | |||||||||
| Group | Group | |||||||||
| f | ||||||||||
| Erasmus+ grants | 149,771 | 242,604 | ||||||||
| 149,771 | 242,604 | |||||||||
| 7 | Income from | other trading activities | ||||||||
| 2022 | 2021 | |||||||||
| Group | Group | |||||||||
| f | f | |||||||||
| Event income | 76,874 | 48,699 | ||||||||
| Other income | 4,605 | 14,663 | ||||||||
| Job retention | scheme grants | 97,859 | ||||||||
| Rent received | 10,400 | |||||||||
| 91,879 | 161,221 |
| 8 | Total expen | diture | ||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Direct | Staff | Support | Group | Group | ||||
| Costs | Costs | Costs | Total | Total | ||||
| f | f | f | f | |||||
| Charitable | activities | |||||||
| Property maintenance |
66,418 | 66,418 | 93,435 | |||||
| Property running |
costs | 35,654 | 35,654 | 23,724 | ||||
| Staff employment | costs | 203,839 | 203,839 | 164,097 | ||||
| Participant | travel | costs | 60,903 | 60,903 | 24,453 | |||
| Participant | subsistence | 26,200 | 26,200 | 23,629 | ||||
| Administrative costs |
5,989 | 58,579 | 64,568 | 101,302 | ||||
| Depreciation | 88,768 | 88,768 | 87,179 | |||||
| Total 2022 | 108,061 | 203,839 | 234,450 | 546,350 | 524,199 | |||
| Total 2021 | 123,539 | 164,097 | 236,563 | 524,199 | ||||
| 9 | Staff costs | |||||||
| 2022 | 2021 | 2022 | 2021 | |||||
| Group f |
Group f |
Charity f |
Charity f |
|||||
| Wages and | salaries | 190,570 | 156,016 | 190,570 | 156,016 | |||
| Social security costs | 9,455 | 4,133 | 9,455 | 4,133 | ||||
| Pension contributions | 3,814 | 3,948 | 3,814 | 3,948 | ||||
| 203,839 | 164,097 | 203,839 | 164,097 |
| This | is | stated | after charging: | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Group | Group | |||||
| f | f | |||||
| Depreciation | 88,768 | 87,403 | ||||
| Surplus | on disposal of | fixed assets | (92,724) | |||
| Auditor | remuneration: | group audit services | 3,995 | 3,995 | ||
| Auditor | remuneration: | other services | 1,305 | 1,305 |
| GROUP | Freehold | Plant & | ||
|---|---|---|---|---|
| Property | Machinery | Total | ||
| f | f | f | ||
| Cost | ||||
| At 1December | 2021 | 4,136,444 | 195,268 | 4,331,712 |
| Additions | 748,250 | 417 | 748,667 | |
| Disposals | ||||
| At 30 November | 2022 | 4,884,694 | 195,685 | 5,080,379 |
| Depreciation | ||||
| At 1December | 2021 | 812,853 | 183,496 | 996,349 |
| Charge for year | 83,928 | 4,840 | 88,768 | |
| Eliminated on disposals |
||||
| At 30 November | 2022 | 896,781 | 188,336 | 1,085,117 |
| Net book value | ||||
| At 1December | 2021 | 3,323,591 | 11,772 | 3,335,363 |
| At 30 November | 2022 | 3,987,913 | 7,349 | 3,995,262 |
| CHARITY | Freehold | Plant Ik | ||
|---|---|---|---|---|
| Property f |
Machinery | Total f |
||
| Cost | ||||
| At 1November | 2021 | 4,136,444 | 195,268 | 4,331,712 |
| Additions | 50,000 | 417 | 50,417 | |
| Disposals | ||||
| At 31October 2022 | 4,186,444 | 195,685 | 4,382,129 | |
| Depreciation | ||||
| At 1November | 2021 | 812,853 | 183,496 | 996,349 |
| Charge for year | 83,928 | 4,840 | 88,768 | |
| Eliminated on disposals |
||||
| At 31October 2022 | 896,781 | 188,336 | 1,085,117 | |
| Net book value | ||||
| At 1November | 2021 | 3,323,591 | 11,772 | 3,335,363 |
| At 31October 2022 | 3,289,663 | 7,349 | 3,297,012 |
| 2022 | ||
|---|---|---|
| E | ||
| Turnover | 8,554 | |
| Administrative expenses |
(8,444) | |
| Profit before taxation | 110 | |
| Taxation | ||
| Profit after taxation | 110 | |
| Gift aid | distribution | (110) |
| Retained | profit for the year |
| 2022 | ||
|---|---|---|
| f | ||
| Fixed assets | 698,250 | |
| Current assets | 106,154 | |
| Current liabilities |
(804,404) | |
| Net assets | ||
| Reserves | ||
| Shareholders' | funds |
| 14 | Debtors | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| Group | Group | Charity | Charity | |||
| f | f | f | ||||
| Other debtors | 84,939 | 9,379 | 15,446 | 9,379 | ||
| Amounts | due from group companies | 727,514 | ||||
| 84,939 | 9,379 | 742,960 | 9,379 | |||
| 15 | Creditors | |||||
| 2022 | 2021 | 2022 | 2021 | |||
| Group f |
Group f |
Charity f |
Charity f |
|||
| Trade creditors | 79,754 | 10,224 | 2,864 | 10,224 | ||
| Other creditors | 10,037 | 7,014 | 10,037 | 7,014 | ||
| Other taxes and social security | 3,707 | 4,365 | 3,707 | |||
| 89,791 | 20,945 | 17,266 | 20,945 |
| 16 | Group funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Current year: | 1 | Dec 2021 f |
Income f |
Expenditure f |
Transfers f |
30 | Nov 2022 f |
|||
| Unrestricted funds |
||||||||||
| General | 3,916,097 | 101,133 | (220,241) | (176,338) | 3,620,651 | |||||
| Total unrestricted | funds | 3,916,097 | 101,133 | (220,241) | (176,338) | 3,620,651 | ||||
| Restricted funds | ||||||||||
| Erasmus+ | 149,771 | (326,109) | 176,338 | |||||||
| Wellness 5Arts | Centre | 630,533 | 630,533 | |||||||
| Total restricted | funds | 780,304 | (326,109) | 176,338 | 630,533 | |||||
| Total funds | 3,916,097 | 881,437 | (546,350) | 4,251,184 | ||||||
| Previous year: | 1Dec 2020 f |
Income | Expenditure f |
Transfers f |
30Nov 2021 | |||||
| Unrestricted funds |
||||||||||
| General | 3,893,446 | 304,246 | (251,691) | (29,904) | 3,916,097 | |||||
| Total unrestricted | funds | 3,893,446 | 304,246 | (251,691) | (29,904) | 3,916,097 | ||||
| Restricted funds | ||||||||||
| Erasmus+ | 242,604 | (272,508) | 29,904 | |||||||
| Total restricted | funds | 242,604 | (272,508) | 29,904 | ||||||
| Total funds | 3,893,446 | 546,850 | (524,199) | 3,916,097 |
| Current | year: | Unrestricted | Restricted | Total |
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| f | E | f | ||
| Tangible | fixed assets | 3,364,729 | 630,533 | 3,995,262 |
| Current | assets | 345,713 | 345,713 | |
| Current | liabilities | (89,791) | (89,791) | |
| 3,620,651 | 630,533 | 4,251,184 | ||
| Previous | year: | Unrestricted | Restricted | Total |
| Funds | Funds | Funds | ||
| f | f | f | ||
| Tangible | fixed assets | 3,335,363 | 3,335,363 | |
| Current | assets | 601,679 | 601,679 | |
| Current | liabilities | (20,945) | (20,945) | |
| 3,916,097 | 3,916,097 |
| 2022 | 2022 | 2022 | 2022 | 2021 | ||
|---|---|---|---|---|---|---|
| Charity | Charity | Charity | Charity | Charity | ||
| Unrestricted | Restricted | Restricted | Total | Total | ||
| Fund | Fund | Asset Fund | Funds | Funds | ||
| f | ||||||
| INCOME | ||||||
| Voluntary: | ||||||
| General donations | 7,139 | 7,139 | 39,277 | |||
| Gift aid reclaimed | from HMRC | 2,115 | 2,115 | 9,849 | ||
| Gift aid from subsidiary | 110 | 110 | ||||
| The Purie Harwell | Trust donations | 630,533 | 630,533 | |||
| Trading activities: | ||||||
| Event income | 68,320 | 68,320 | 48,699 | |||
| Other income | 4,605 | 4,605 | 14,663 | |||
| Job retention scheme grants |
97,859 | |||||
| Investment: | ||||||
| Bank interest | 1,399 | |||||
| Charitable activities: |
||||||
| Erasmus+ grants | 149,771 | 149,771 | 242,604 | |||
| Other: | ||||||
| Rental income | 10,400 | 10,400 | ||||
| Gain on sale offixed assets | 92,500 | |||||
| 92,689 | 149,771 | 630,533 | 872,993 | 546,850 | ||
| EXPENDITURE | ||||||
| Charitable activities: |
||||||
| Wages | 26,000 | 164,570 | 190,570 | 156,016 | ||
| Social security | 9,455 | 9,455 | 4,133 | |||
| Pensions | 3,814 | 3,814 | 3,948 | |||
| Rent and rates | 3,750 | 3,750 | 2,490 | |||
| Insurance | 4,024 | 4,024 | 5,346 | |||
| Heat and light | 27,247 | 27,247 | 21,233 | |||
| Travel costs for participants | 60,903 | 60,903 | 24,453 | |||
| Subsistence costs |
for participants | 26,200 | 26,200 | 23,629 |
| Continued. .. | 2022 | 2022 | 2022 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Charity | Charity | Charity | Charity | Charity | ||
| Unrestricted | Restricted | Restricted | Total | Total | ||
| Fund | Fund | Asset Fund | Funds | Funds | ||
| Motor expenses | 8,570 | 8,570 | 10,838 | |||
| Sundries | 4,678 | 4,678 | 14,870 | |||
| Office and advertising | 10,488 | 10,488 | 11,393 | |||
| Telephone | 2,132 | 2,132 | 2,209 | |||
| Contractors and consultancy |
19,132 | 19,132 | 38,009 | |||
| Repairs 8 property | maintenance | 1,943 | 7,187 | 9,130 | 86,049 | |
| Subcontractors | 53,980 | 53,980 | 7,386 | |||
| Bank charges | 919 | 919 | 800 | |||
| Exchange rate variances | 1,864 | 1,864 | 4,047 | |||
| Training | 1,965 | 1,965 | 1,035 | |||
| Auditor remuneration |
3,995 | 3,995 | 3,995 | |||
| Input VAT irrecoverable | 6,322 | 6,322 | 15,141 | |||
| Depreciation offixed assets |
88,768 | 88,768 | 87,403 | |||
| Gain on sale offixed | assets | (224) | ||||
| 211,797 | 326,109 | 537I906 | 524,199 | |||
| TOTAL SURPLUS / (DEFICIT) | (119,108) | (176,338) | 630,533 | 335,087 | 22,651 |