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|CONTENTS||
|---|---|
|CHARITY INFORMATION||
|TRUSTEES' ANNUAL<br>REPORT||
|STATEMENT OF TRUSTEES' RESPONSIBILITIES||
|INDEPENDENT AUDITOR'S REPORT||
|CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES|12|
|CONSOLIDATED<br>BALANCE SHEET||
|CHARITY BALANCE SHEET|14|
|CONSOLIDATED<br>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<br>Mill House|||
||||||Lower Spout Lane|||
||||||Nr Mitcheldean|||
||||||Gloucestershire|||
||||||GL17 OEA|||
|Auditors|||||Kingscott<br>Dix (Cheltenham)||Ltd|
||||||Malvern<br>View Business Park|||
||||||Stella Way|||
||||||Bishops Cleeve|||
||||||Cheltenham|||
||||||Gloucestershire|||
||||||GL52 7DQ|||





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|||||2022|2022|2022|2021|
|---|---|---|---|---|---|---|---|
|||||Group|Group|Group|Group|
|||||Unrestiicted|Restricted|Total|Total|
||||Note|Funds|Funds|Funds|Funds|
|||||f|f|f|f|
|INCOME||||||||
|Voluntary<br>income||||9,254|630,533|639,787|49,126|
|Income from charitable|activities:|||||||
|Youth training<br>and development|||6||149,771|149,771|242,604|
|Other trading<br>activities||||91,879||91,879|161,221|
|Investment<br>income|||||||1,399|
|Other income|||||||92,500|
|TOTAL INCOME||||101,133|780,304|881,437|546,850|
|EXPENDITURE||||||||
|Expenditure<br>on charitable||activities:||||||
|Youth training<br>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<br>funds||||(176,338)|176,338|||
|NET MOVEMENT<br>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|





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|CONSOLIDATED<br>BALANCE|SHEET||||
|---|---|---|---|---|
|(Company<br>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<br>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<br>funds|||3,620,651|3,916,097|
|Restricted<br>funds|||630,533||
|TOTAL FUNDS|||4,251,184|3,916,097|






## 

|CONSOLIDATED<br>CASH|FLOW STATEMENT|FLOW STATEMENT|FLOW STATEMENT||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|Group|Group|
||||||E||
|CASH FLOWS FROM|OPERATING|ACTIVITES|||||
|Net movement<br>in funds|||||335,087|22,651|
|Depreciation<br>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<br>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<br>fixed assets||||||100,319|
|Return offunds on fixed term deposit||||||202,737|
|Net cash used in investing<br>activities|||||(748,667)|235,087|
|Change<br>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|





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|5|Voluntary<br>in|come|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021|
||||||||||Group|Group|
||||||||||f|f|
||Donations||||||||637,672|39,277|
||Gift aid||||||||2,115|9,849|
||||||||||639,787|49,126|
|During<br>the year, the company<br>f630,533.These donations<br>are||||received<br> restricted.|donations|from|The Purie-Harwell|Trust,|a registered|charity,<br>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<br>maintenance|||66,418|||66,418|93,435|
||Property<br>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<br>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<br>f|Group<br>f|Charity<br>f|Charity<br>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<br>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<br>f|Machinery|Total<br>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<br>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<br>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<br>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<br>f|Group<br>f|Charity<br>f|Charity<br>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<br>f|Income<br>f|Expenditure<br>f|Transfers<br>f|30|Nov 2022<br>f|
||Unrestricted<br>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<br>f||Income|Expenditure<br>f|Transfers<br>f|30Nov 2021||
||Unrestricted<br>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|





## 

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|||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<br>scheme grants||||||97,859|
|Investment:|||||||
|Bank interest||||||1,399|
|Charitable<br>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<br>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<br>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<br>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<br>remuneration||3,995|||3,995|3,995|
|Input VAT irrecoverable||6,322|||6,322|15,141|
|Depreciation<br>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|