2022-03-31-accounts - Herts Ability Limited

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			Page
Legal and administrative		information	1-2
Trustees' Annual Report			3-9
Independent Examiners'		Report	10
Statement of financial	activities
Balance sheet			12
Cash flow statement			13
Notes to the Financial	Statements		14-20

				Uraeeldaled	Funds	Resbiated	Total	U~ Funds	U~ Funds	2021 Reseoted	Teal
			Note	General 6	Designated 8	Funds 8	Funds 5	General f	Designated f	Funds f	Funds 5
INCOME AND ENDOWMENTS:
Dona5ons &Legacies Income from Charitable achvtlies			2 4	24,167 150,047		331,562	24,167 400409	21,391 121,448		156,476 231.293	177,867 352,741
Other trading aafivities				143			143	140			140
Income from inveslmenls			3	2343			2343	1713			1 713
Total Income and Endowments				185,500		331,562	517,062	144,692		387769	532,461
EXPENDITURE:
Expenditure on raising funds Expenditure on Charilable activities			5,6~12979					3,934			3,934
Total Expenditure				152,979		333,562	406,541	123,049		392.867	516,816
Income & Expenditure Sub-Total				32,521		(2000)	30 521	20743		(5,098l	15,645
Gain/(Loss) on revslualion of investment		sssels	9	4262							9789
Net (Expenditure)gncome before	transfers			36,783		(2,000)	34,703	30,532		(5,098)
Transfers between funds				I 099		~1009		~23000		23000
Nst (Expenditure)/income after transfer between fllrrds								7,532		17,902	25,434
Other recognised gains/(losses)
Gain on disposal offixed assets				8,701			0,701
Aeuarial gains/(losses) an Defined Benefit Pension Schemes Loss on dereaognition ofDefined Benefit Pension Schemes			14 14			94,000 ~TI5000	94,000 ~00			78,000	78,000
Net movement in funds				47,403		(624,999)	(577,516)	7,532		95,002	103,434
Reconciliation of funrb
Balance brought forward at 1stApnl 2021				198,417		624,999	823,416	190,005		520,097	719,982
Balance carried forward at31stMarch		2022	12	245900			245,900	190,417		624,999	823,416

						2022	2021
					Note	8	5
Fixed Assets
Tangible fixed assets						9,116	11,992
Investments						101338	57076
						110,454	69,068
Current Assets
Stocks							365
Debtors					10	31,543	13,645
Cash at bank and	in	hand				273055	421 827
						305,190	435,837
Creditors: Amounts		falling due within		one yea	11	(109,752)	(304,480)
Net Current Assets						135446	1 1348
Total Assets less Current			Liabilities				200,416
Defined Benefit Pension Scheme Surplus					14		623,000
Net Assets						245,900	823,416
Funds
Restricted funds					12		1,090
Unrestricted funds
-General	funds				12	245,900	198,417
Defined Benefits Pension Scheme					14		623,000
TotalFunds						245,900	823,416

				2022		2021
				6
Cash flows from operating activities
Net (Expenditure)/ income for the year				(577,516)		103,434
Adjustments for:
Depreciation of tangible fixed assets				5,337		3,191
(Gains)/losses on investments				(4,262)		(9,789)
(Gains)/losses on fixed assets				(8,701)
Dividends, interest and rents from investments				(2,343)		(1,713)
Decrease/ (increase) in stocks				365		38,532
Decrease/ (increase) in debtom				(17,898)		1,501
(Decrease)/ increase in creditors				(134,737)		222,539
Defined Benefits Pension Scheme movement				62300(}		~101000
Net cash (used in) / generated by operating		activities		116755		256695
Cash flows from investing activities
Dividends, interest and rents from investments				2,343		1,713
Purchase of tangible fixed assets				(3,760)		(10,702)
Proceeds from the sale of fixed assets Purchase of investments				10,000 ~000
Net cash from investing activities				14 7
Change in cash and cash equivalents	in the	year		(148,172)		247,706
Cash and cash equivalents at beginning	of year			421 827		174121
Cash and cash equivalents at end of	year			273655		421 827
Analysis ofchanges in net debt
			At start	Cash	Fair value	At end of
			ofyear	flows	movements	year
Cash			421,827	(148,172)		273,655
Cash equivalents			57 76	40000	262	101338
Total

									2022	2021
						6	6		6	8
					Equipment	Transport	Driving	Other	Total	Total
					Services	Services	Centre
	Other donations Legacies Coronavirus Job	&gifts in Retention		kind Scheme grant				4,167 20,000	4,167 20,000	21,391 ~14
	Total							24,167	24,167	177,867
3	INCOME FROM	INVESTMENTS							2022	2021
										E
	Income from investments								2,250	1,671
	Interest received								48	42
	Commission								45
	Total								2,343	1,713
4	INCOME FROM	CHARITABLE ACTIVITIES							2022	2021
									8	6
	Equipment Services
	Woodside Equipment			Centre shop sales						48,811
	Wheelchair	Hire								999
	High Back Chair Other equipment		Hire services							25 100
	Equipment Services Total									49,935
	Driving Centre								407,925	253,015
	OT Services								22,470	15
	Olher								60,014	49,776
	Total								490,409	352,741

					2022 6	2021f	2021f
5	EXPENDITURE ON	CHARITABLE		ACTIVITIES
	Direct Service Costs				96,872	114,083
	Direct Staff Costs				221,966	290,893
	Support Costs (see below, including Total			indirect staff costs)	7 03 696991	1 ~5	906
	Support costs are those shared costs which relate to the operation				ofthe organisation and	include:
	Management				56,149		52,684
	Finance				11,739		16,556
	Office Services (including		Reception)		65,491		6,457
	Human Resources				1,445		1,415
	Health &Safety				2,112		2,450
	IT				11,512		20,447
	Strategic Planning
	Research
	Audit Fees				3,750		3,500
	External Consulting
	PR & Marketing				14,873		3,681
	Other				632		716
	Total				3	~707 09
6	NET EXPENDITURE				2022	2021
	Net (expenditure)/income		is stated after charging:		K		6
	Depreciation Independent examiner's		fees		5,337 ~37		3,191 3000
7	STAFF COSTS AND	NUMBERS			2022	2021
					6		6
	Wages and salaries				279,788	318,132
	Social security costs				22,553		24,205
	Redundancy Cost						29,765
	Pension costs - FRS102charge				2,000		1,000
	Pension costs - Defined		contribution	scheme	4,896		6,108
					D 237	9 921D
					no.		no.
	The average monthly	number of staff during the year was as follows:
	Employees (full time	equivalent)			17		16

TANGIBLE FIXEDASSETS
	Leasehold	Motor	Furniture and	Total
	Improvements	Vehicles	Equipment
	6	8	8	6
Cost At 1 April 2021 Additions Disposals	110,797 79	6,001 ~0	93,131 3,760 ~50 972	209,929 3,760 ~10
At 31 March 2022			15,919	15,919
Depmciation
At 1 Apdil 2021 Charge for year Disposals	110,797 ~110 9	4,000 1,500 ~050	83,140 3,837 ~16	197,937 5,337 ~196
At 31 March 2022			6,803	6,803
Net book value At 31 March 2022 At 1 April 2021			~991 ~911	11992 9116
FIXEDASSET INVESTMENTS
				Investments
				6
Cost At 1 April 2021 Additions				22,561 ~09
At 31 March 2022				62.5M
Revaluation
At 1 Apdil 2021				34,515
Revaluation for the year				4,262
At 31 March 2022				38,777
Net book value
At 31 March 2022				101,338
At 1 April 2021				57,076

10	DEBTORS		2022 6	2021f
	Due within one year
	Trade Debtors		5,760	420
	Prepayments and accrued income		25,219	11,558
	Other debtors		564	1667
11	CREDITORS		2022	2021
			8
	Amounts fa6lng due	vdthin one year
	Bank loans			50,000
	Trade creditors		20,136	23,206
	Acoruals and deferred	income	143,082	225,846
	Social security and other taxes		5,285	3,985
	Other creditors		1 249	1 452

	Defermd income brought	forward			222,346
	Deferred income released				(222,346)
	Deferred income charged				132842	222 346
	Deferred income cerned	forward
12	STATEMENT OF FUNDS
			Brought	Incoming	(Resources	Gainsi	Derecognition	of	Transfers	Carried
			Forward	Resources	Expended)	(Losses)	pension fund			Forward
			f	6		f	surplus 6		6	2022 6
	UNRESTRICTED FUNDS
	General funds				152979	12963			1 999	245900
	Unrestriictsd funds total		108,417	105,500	(152,979)	12,963			1,999	245,900
	RESTRICTED FUNDS
	OT Services			2,008	(2,008)
	Transport and Driving Centre Relocation		1,999	297,390 32164	(299,390) ~32164
	Restricted funds total		1,099	331,562	(333~)
	Total of Funds before DBPS		200,416						2,000	245,900
	Defined Benefits Pension		623,000			04,000	(715,000)		(2,000)
	Scheme surplus
	TotalofFunds
13	ANALYSIS OF NET ASSETS BETWEEN FUNDS
					Unmstricted	Designated	Restricted		Total	Total
					Funds	Funds	Funds		Funda	Funds
					2022 E	2022 E	2022 6		2022 6	2021f
	Tangible fixed assets Fixed asset investments				9,116 101,338				9,116 101,338	11,992 57,076
	Current assets Creditors due within one Sub total	year			305,198 169752 245,9OO				305,198 169752 245,000	435,837 ~)~4 200,416
	Defined 6enefits Pension	Scheme	surplus - see note 14
	Total				245,900				245,900	023,416

Regarding the defined	benefit scheme, the	benefit scheme, the	benefit scheme, the	Charity participates	Charity participates	in a	Local	Government	Government	Pension	Pension
Scheme, which is a multiple		employer scheme,			in relation to certain		employees. The			most	recent FRS
102valuation provided	by Hymens		Robertson		LLP in April 2022 shows a			pensions	surplus		ofF715k
compared with a surplus of		f623k in 2020/21.			The Charity continues		to fund the pension				commitment
by payment ofcontributions		as determined		by	the actuaries.
							2022				2021
							6				6
Amounts recognised	in the balance sheet
Fair value of plan assets											1,722,000
Present value offunded liabilities										~1()gag gj0
											623,000
Amounts recognised	in the SOFA
Net Service cost								(14,000)			11,000
Net Interest								12,000			12,000
Employer contributions Actuarial gain/(loss) of	paid Defined Benefit Schemes							Jgia			22,000 20000
Fair Value of Plan Assets
Opening Fair value of	Plan	Assets					1,722,000				1,435,000
Contributions paid								2,000			24,000
Benefits paid								(37,000)			(33,000)
Return on assets Actuarial gains/(losses)								33,000 37000		33,000 ~2000
Closing Fair value of	Plan	Assets					1,757,000				1,722,000
Defined Benefit Obligation
Opening defined benefit obligation							1,099,000				913,000
Service cost								14,000			11,000
Interest								21,000			21,000
Contributions Actuarial losses/(gains) Benefits paid						2,000 (57,000) ~000				2,000 185,000 ~33000
Closing defined benefit obligation							1,042,000				1,099,000