2023-03-31-accounts - Bracken Trust Limited

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Page
	Legal and Administrative	Information
2-3	Report ofthe Trustees
	Independent Examineds	Report
	Statement of Financial	Activities
	(including Income and Expenditure		Account)
	Balance Sheet
7-14	Notes to the Financial Statements

						Total	Total
						Funds	Funds
				Unrestricted	Restricted	Year Ended	Year Ended
			Note	Fundsf	Funds 6	31/03/2023 6	31/03/2022 6
INCOME
Donations and Legacies				118,686		118,686	63,030
Charitable Activities				10,000	126,930	136,930	125,086
Other Trading Activities				133,785		133,785	80,499
Other Income				8,338		8,338
Investrrant Income				513		513	268
TOTAL INCOME			2	271,322	126,930	398,252	268,883
EXPENDITURE
Cost of Raising Funds				30,133	200	30,333	60,573
Charitable Activities				200,928	121,030	321,958	262,820
TOTAL EXPENDITURE			3	231,061	121,230	352,291	323,393
NET INCOM B(EXPENDITURE)
BEFORETRANSFERS				40,261	5,700	45,961	(54,510)
Transfers Between Funds			12	3,657	(3,657)
NET INCOMB(EXPENDITURE)	AND NET MOVEMENT	IN		43,918	2,043	45,961	(54,510)
FUNDS FORTHE YEAR
Total Funds Brought Forw ard				536,762	217,435	754,197	808,707
Total Funds Carried Forw ard				580,680	219,478	800,158	754,197

			2023		2022
		Note	f	6	6
FIXEDASSETS
Tangible Assets				721,461		722,958
				721,461		722,958
CURRENT ASSETS
Stock		8	480		480
Debtors		9	15,036		4,264
Cash at Bank and	In Hand		196,601		158,704
			212,117		163,448
CURRENT LIABILITIES
Creditors arrount	falling due w ithin one year	10	(30,242)		(20,388)
NET CURRENT ASSETS				181,875		143,060
TOTAL ASSETS	LESSCURRENT LIABILITIES			903,336		866,018
LONG TERM LIABILITIES
Creditors arrount	falling due after one year			(103,178)		(111,821)
NET ASSEI'S		15		800,158		754,197
THE FUNDS OFTHE CHARITY
Unrestricted Funds:
General Funds			580,680		452,571
Designated Funds					84,191
		13		580,680		536,762
Restricted Funds		14		219,478		217,435
TOTAL FUNDS		15		800,158		754,197

Depreciatio	n is provided at the foll	n is provided at the foll	owing annual rates in o	rder to write offeach ass	et o	ver its estim	ated useful li
Furniture,	Fixtures and Equipment		- restricted	10'%%d straight	line
			- unrestricted	t 0'/o straight	line	(previously	t 0'/o reducing
				Balance)
Office and	Computer	Equipment		33.33'%%d straight		line

						FOR THE YEA	R ENDED 31 MARCH	2023
2	INCOME									Total Funds	Total Funds
							Unrestricted	Restrrcted		Year Ended	Year Ended
							Funds	Funds		31/03/2023	31/03/2022
	Donations and	Legacies:					6	6		8	6
	Donations						56,749			56,749	54,966
	Member Donations						7,513			7,513	7,807
	Subscriptions						63			63	57
	Legacies						54,361			54,361
	Sale of Laptop										200
							118,686			118,686	63,030
	Income from Charitable				Activities:
	Grants Receivable						10,000	126,930		136,930	125,086
							10,000	126,930		136,930	125,086
	Other Trading Activities.
	Shop Income						78,456			78,456	50,393
	Fundraising Income						39,956			39,956	16,556
	Social Events Income										645
	Room Hire						6,569			6,569	6,755
	Classes						1,583			1,583	843
	Recycling Incona						921			921	582
	Rat Rental Income corn						6,300			6,300	4,725
							133,785			133,785	80,499
	Other Income:
	Insurance Oaims						8,338			8,338
							8,338			8,338
	In vs atm ant In			e:
	Bank Interest Received						513			513	268
							513			513	268
	TOTAL INCOME						271,322	126,930		398,252	268,883
	GRANTS						Unrestricted	Rastri	etc tl	Year Ended	Year Ended
							Funds	Funds		31/03/2023	31/03/2022
	Grants received	in		the year		were as under:	2	2		6	6
	The National Lottery		Cormunity			Fund		103,003		103,003	99,401
	HMRC Job Retention		Scheme								491
	WCVA Third Sector		Resilience			Fund					3,544
	Llandrindod Wells	Tow n Council									2,000
	Llanidloes Tow n Council										100
	Rrstcode Trust										8,050
	R&wye County Council										500
	Masonic Charitable		Foundation								1,000
	The Albert Hall Trust										10,000
	Garfield Weston						10,000			10,000
	Co-op Corrrrunity	Fund						3,595		3,595
	Powys Teaching	Health Board						4,832		4,832
	JRice							2,500		2,500
	Teaco Groundw orks							1,500		1,500
	National Grid							1,000		1,000
	Lee Foundation								500	500
	Garreg Llyw d							10,000		10,000
							10,000	126,930		136,930	125,086

EXPBtlDITURE						Total Funds	Total Funds
				Unrestricted	Restricted	Year Ended	Year Ended
				Funds	Funds	31/03/2023	31/03/2022
Cost of Raising Funds:				6	6	6	6
Shop Expenses				15,328	200	15,528	23,790
Shop Set Up Costs							27,466
Shop Loan Interest				7,513		7,513	6,014
Fund Raising				7,292		7,292	3,303
				30,133	200	30,333	60,573
Charitable Activities:
Costs Directly Allocated to Activities:
Nurses Salaries, National		Insurance	and Pension	35,808	43,273	79,081	68,581
Staff Expenses				611		611	95
Training, Seminars and Courses				260	1,579	1,839	2,184
Relief Nurses				2,453	3,605	6,058	9,250
Therapist Costs				37,157	6,031	43,188	44,347
Oass Costs				1,755	1,707	3,462
Insurances				5,992	510	6,502	3,151
Water Rates				202	134	336	316
Light and Heat				3,145	4,377	7,522	6,636
F(at Expenses				791		791
Repairs, Renewals	and Maintenance			12,617	1,550	14,167	3,059
Garden Maintenance				8,212	1,100	9,312	4,653
Geaning Costs				4,899	1,906	6,805	6,584
Advertising and Promotion		Costs		669	446	1,115	2,433
Medical Consumables							1,117
Kitchen Expenses and Food					392	392	375
Books and Tapes				30		30	174
Hub Expenses				176	564	740	495
Subscriptions				2,304		2,304	892
Depreciation				1,398	2,337	3,735	4,036
Loss on Deposal				1,605		1,605
Support Costs(See	Note	4)		69,796	44,962	114,758	91,339
Governance Costs	(See Note 5)			11,048	6,557	17,605	13,103
				200,928	121,030	321,958	262,820
Total Expenditure				231,061	121,230	352,291	323,393

						Total Funds	Total Funds
4	ANALYSIS	OF	SUPPORT COSTS	Unrestricted	Restricted	Year Ended	Year Ended
				Funds	Funds	31/03/2023	31/03/2022
				6	6	E	6
	Administrative		Salaries	65,713	38,682	104,395	77,059
	Administrative		Expenses	2,297	4,682	6,979	9,057
	Telephone	and	Internet	896	939	1,835	2,211
	Payroll Fees			352	308	660	570
	Depreciation			538	351	889	2,442
				69,796	44,962	114,758	91,339

8	STOCKS				2023	2022
					6	E
	Stationery				200	200
	Fundraising	Stock			280	280
					480	480
9	DEBTORS				2023	2022
					6	6
	Debtors				600
	Grants Receivable				10,375
	Tax Repayments				3,141	1,583
	Prepaymants				920	2,681
					15,036	4,264
10	CREBTORS:Amounts		falling due	within one year	2023	2022
					E
	Creditors				21,810	9,517
	Accruals				3,840	3,270
	Short-Term	Compensated	Absense	(Holiday Fay)	1,331	4,622
	Deferred Income				525	427
	Loans				2,736	2,552
					30,242	20,388
11	CREDITORS: Amounts		falling due	after one year	2023	2022
					E	6
	WCVA Loan				103,178	105,914
	WCVA - Concessionary		Loan			5,907
					103,178	111,821

TRANSFER BETWEEN FUND6						Unrestricted	Restricted
						Funds	Funds
The transfer between funds	in the	year	are:			E	6
Transfer of Restricted Costs from Restricted			Funds to Unrestricted		Funds	(748)	748
Transfer of Core costs from Unrestricted		Funds to Restricted		Funds		4,405	(4,405)
						3,657	(3,657)

13	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS			At					At
						01/04/2022 f	In corn f	e	Expenditure f	Transfers f	31/03/2023 f
	Unrestricted Funds:
	General Funds					452,571	271,322		(231,061)	87,848	580,680
	Designated Funds:
	Future Development	Costs Fund				84,191				(84,191)
	Total Unrestricted Funds					536,762	271,322		(231,061)	3,657	580,680
	Purpose of Designated		Fund:
	The Trustees had designated			funds of 684,191tow ards a Future Development					Costs Fund, to further the Charity's		objectives
	in the future. The Trustees have				undesignated	these funds to General		Funds	on 14April 2022.
14	RB5TRICTED FUNDS					At	Incoming		Outoing		At
						01/04/2022 f	Resources f		Resources f	Tran sfe rs f	31/03/2023 f
	Restricted Income	Funds:
	Lunch Donations					823			(392)		431
	The National Lottery	Cornrunity			Fund	32,611	103,003		(101,647)		33,967
	Friends of Health Care in Builth Wells 8					8,858			(1,497)		7,361
	PAVO &PIHB Srrall	Health Grant				339				(339)
	Postcode Trust - Bereavement			Facilitator		7,258			(7,351)	93
	Co-op Corrnunity Fund						3,595		(3,972)	377
	Blot project						4,832		(766)	(4,066)
	JRice —Extension						2,500		(1,100)	(310)	1,090
	National Grid						1,000		(1,264)	264
	Lee foundation							500	(514)	14
	Garreg Llyw d						10,000				10,000
						49,889	125,430		(118,503)	(3,967)	52,849
	Restricted Capital	Funds:
	Building and Brtension					150,000					150,000
	Shed Bectrics					320			(40)		280
	Outside Lighting					3,600			(450)		3,150
	Washing Machine					198			(38)		160
	Aw ning					2,000			(400)		1,600
	Chair					226			(46)		180
	Nurse Alarm System					350			(50)		300
	The National Lottery Cornrunity				Fund	3,976			(568)		3,408
	Laptop					174			(174)
	Rocessor					216			(216)
	Chairs					1,050			(131)		919
	Extractor Fan					720			(90)		630
	Scorner House					2,790			(310)		2,480
	Car Charging I-bint					1,926			(214)		1,712
	JRice - Extension									310	310
	Tesco Groundw orks						1,500				1,500
						167,546	1,500		(2,727)	310	166,629
	Total Restricted Funds					217,435	126,930		(121,230)	(3,657)	219,478