2022-03-31-accounts - Progress To Change

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Trustees' annual report (Incorporegng the	directors report)
Independent audhor's report tothe members Statement offinancial activigre (induding income end~account)
Statement offlnendel posiaon
Statement ofcash flows
Notes to the Unanciel tatemeem

liw trustees,	liw trustees,	who srs	who srs	also the	directom	for the purposes ofcompany	for the purposes ofcompany	law. present their repen snd Ihe financial	law. present their repen snd Ihe financial
Ihe charity	forthe year			ended 31March		2022.
Reference	and administrative				detags
Registered		charity name				Progress to Change
Charhy reglslragon			number			1065423
Company registration number Principal office and~						3286672 63Ctarenden Road
office						leeds
						LS29NZ
The trustees						Mrs J Dllks (Chairman)
						Mr N Wsinman
						Mrs D Favre Prof0Manhiss
						Mrs CCochrsne
						Prof A WM Hay
						Dr EWmcup
						Mrs 8 Mondon
						Mr R Brook
						Clief Execugve - Mm	LCantley
						Rnance Manager - Mm RKyle
						Rlpon House Hostel Manager		—Mm C Maguke
						Canggan House Hostd Manager			—Mr BSplnk
						Training and Project Manager-			Mm E Fsik
Company	secretary					Mrs TGradys
Auditor						Gibson Booth
						Chartmed Accountants	8Statutory Auditors
						New Court
						Abbey Road North
						Shepley
						Huddersfield
						HD8 8BJ
						Nabonal W stmtnstm	Bank pic
						Leeds City Ofgce Branch
						8Park Row
						Leeds
						LS15HD
						Wrigleys Solicitors LLP
						19Cookrid go Street
						Leeds
						LS23AG
Investment	managers					CClA
						Senator House
						85Queen Victors Street
						lcdnon
						EC4V4ET

				2022		2021
				UnreslricM
				funds	Total funds	Total funds
			Note	6	5	6
Income and endowments
Donations and legades Charitable adlviges Investment Income			5 6 7	250 2,073,295 8,608	250 2.073,295 8,608	2,078,864 8,357
Total Income				2,082,153	2.082,153	2,087271
Expenditure Expenditure on chargable acgvitles			8,9	(1,870,988)	(1,870,988)	(1,746,437)
Total expenditure				(1,870,988)	(1.870,988)	(1,746,437)
Net gains on investmarm					195,838	325,841
Net Income				407,003	407,003	686,675
fnher recognised	gains and losses
Aduadal gains/gosses)		an delined benefit pension schemes		744,000	744,000	(154,000)
Net movement in	funds			1,151,003	1,151,003	512,675
Reconctllagon of Total funds brought	funds forward			2,823,809	2,823,809	2,311,134
				3,974,812	3,974,812	2,823,809

31March 2022
					2021
			Mote		6
Rxed assets
Tangible fixed assets Investments			15 16	2,027,555 2,010,950	1,997,397 1,740,112
				4,038,505	3,737,509
Cunsnt assets
Debtom			17	289,116	167,283
Cash at bank and in hand				288,633	333,364
				537,749	500,647
Crsdltorsr amounts	faglng due whhln one year		18	(103,442)	(84,347)
Met cunsnt assets				434,307	416.300
Total assets less current gabgitles				4,472,812	4,153,809
Met assets excluding	degned benefit pension	plan gabglty		4,472,812	4,153,809
Defined bensfit pension ifian llabfifiy			20	(498,000)	(1,330,000)
Net assets Inctudhrg	degned benefit pension	phm liability		3,974,812	2,823.809
Funds ofthe charity
Unrestricted funds: Revaluation resenre Defmed benelit pension ressnre Other~lncorrle funds				1,816,113 (498,000) 2,856,699	1,816,113 (1.330,000) 2,337,696
Total unrestricted funds				3,974,812	2,823,809
Total charliy funds			21	3,974,812	2,823,809

Year ended 31tfiarch 2022
		2021
Cash tlows from opera5ng acgvtges Net income	407,003	666,675
Adfusfmenfs for.
DepredaUon oftangibk fixed assets Net gains on investments Dividends, internet and rents from investments Intmast payable and slmfiar charges Defined benelit pension plan employer cons'bufions Accrued expenses/(income) Servke cost ofdefined benefit pension scheme	52,798 (195,838) (6,608) 24,000 5,491 (174,000)	40,851 (325,841) (8,357) 27,000 (35,000) (16,336) (132,000)
Changes ini Trade and other deblors	(101,833)	376,463
Trade and other creditms	13.604	(487,340)
Cash generated from operaUons	84,617	107,115
Net cash from operaUng activities	84,617	107,115
Cash fhnvs from Investing acgvtSes Divkknds, internet and rank fium Investments Purchase oftangible assets Purchases ofother Investments	8,608 (82,956) (80,000)	8,357 (34,466) (42,716)
Pmceed sfrom sale ofother investments	5,000
Net cash used in kvesting acfivfihk	(149,348)	(68,824)
Net (decrease)gnmasss In cash and cash squivaknts Cash and cash equivalents st beginning ofyear	(64,731) 333,364	38,291 295,073
Cash and cash equivalents at end ofyear	268,633	333,364


5.	Donattons	and legacies		Unrestrkted	Total Funds	U~	Total Funds
				Funds	2022	Funds	2021
				E	E	E	E
	Donations			250	250
B.	Charitable	ac5vithm
				Unrestricted	Total Funds	UmeslricM	Total Funds
				Funds	2022	Funds	2021
				E	E	E	E
	Ministry ofJustice grants Income from resldels			2,024,728 42,152	2,024,728 42,152	2,012,539 35,490	2,012,539 35,490
	Government Other income		grant income	8.415	6,415	23354 7,581	23,254 7,581
				2,073,295	2,073,295	2.078,864	2,078,864
7.	Invesbnent	income
				nresbicted	Total Funds	Unrestricted	Total Funds
				Funds	2022	Funds	2021
				E	E	E
	Investment	income		8,608	8,608	8,357	8,357
8.	Expendhure		an chaNsMe acgvftbm by fund type
				thuusbkted	Total Funds	Unresbkted	Toad Funds
				Funds	2022	Funds	2021
				E	E	E	E
	Staff costs			1,416,543	1,416,5rbs	1,352,805	1,352,805
	Pmmises casts			192,771	192,771	163,052	163,052
	Supplies and Estabbdunent		senrices costs costs	77,174 144,809	77,174 144,809	69,654 123,312	69,654 123,312
	Grants payable Finance costs			5,000 24,000	5,000 24,000	27,000	27,000
	Support costs			10,691	10,691	10,614	10,614
				1,870,988	1,870,988	1,746,437	1,746,437

9.	Expenditure		on charhable	acthrtges by acthity type
						Aiivilim
					undertaken
						direcfiy f.	SUpport costs f	Total	funds 2022 f	Total	fund 2021 f
	Staff costs				1,416,543				1,416,543		1,352,805
	Premises costs					192,771			192,771		163,052
	Supplies and Establishment		senrices costs costs			77,174 144,809			77,174 144,809		69,654 123,312
	Grants payable Finance costs					5,000 24,000			5,000 24,000		27,000
	Governance	costs					10,691		10,691		10,614
					1,860297		10,691		1,870,988		1,746,437
10.	Analysis of	support costs
							Governance
							costs f		Total 2022 f		Total 2021 f
							10,691		10,691		10,614
11.	Net gains on		Investments
				Unrestr/cted			Total Funds		Unrestrhted	Total Funds
						Funds f	2022		Funds f		2021 f
						195,838	195,838		325,841		325,841
12.	Net Income
	Net income is		stated sfier charging/(crediting):						2022 f		2021 f
	Depreciafion Fees payable	aftangible fixed assets for the audit of the linand st statemmls							52,798 4,500		40,851 4,030
13.	Staff costs
	The average head count ofemployees during the year ~dudng the year isanalysed as fofiaws:					was 72 (2021:89).The avemge			2022 number of fulHime		2021 equivalent
									No.		No.
	Cardigan House approved premises Ripen House approved premises								20 16		18 16
	Secretary								1		1
									37		35
	No employee received employee benefits ofmare than f60,000 during the year (2021:Nil). The key~t pesonnsl af the charily comprise the trustees together with the individuals listed total emphyee benefits afthe key managemmt personnel were f257,891(2021:f261,449).									an page 1.The

Tangible gxed assets
	Land and	Fbdures and	Campus
	buildings	Stings	equipment	Total
	E	E	E	E
Cost
At 1 Aprt 2021	1,900,000	409,817	9,864	2,319,681
Additions		74,789	8,167
At 31March 2022	1,900,000	484,606	18,031	2,402,837
Depreciation At 1 April 2021		313,501	8,783	322,284
Charge forthe year		51,216	1,582	52,798
At 31March 2022		364,717	10,365	375,082
Carrying srmwnt At 31 March 2022	1,900,000	119,889	7,666	2,027,555
At 31 March 2021	1,900,000	96,316	1,081	1,997,397

The histodc cost ofthe land end buydings isE83,887(2021:E83,887) Inv~
	Usted
	Investments
Cost orvalusgon
At 1 April 2021	1,740,112
Addigons
Oisposrds	(5,000)
Olher movements	195,838
At 31 March 2022	2,010,950
Impairment
At 1 April 2021 and 31March 2022
Carrying amount At 31March 2022	2,010,950
At 31 March 2021	1,740,112

Pensions and other post retirement	Pensions and other post retirement
Prindpsl Actuarial Assumpfions
Rlpon House
		2022	2021	2020
Discount rate		2.7%o	2.1%	2.3%
CPI infiatlon		3.0%	2.7%	1.9'/
Rate ot increase to pensions Rate ofincmase to deferred Rate afgeneral increase in	in payment pensbms salaries	3.0% 3.0% 4.25%	2.7% 27% 3.95%%uo	1.9% 1.9% 3.15%
Cardigan House
		2022	2021	2020
Discount rate		2.8'k	2 1ok	2.3%
CPI Infiafion		3.1%	2.7%	2.0%
Rate ofincrease topensimw Rate ofincrease to deferred	in payment pensions	3.1% 3.1%	2.7% 2.7%	2.0%o 2 Oo/
Rate ofgeneral increase In	salaries	4.35%	3.95'/o	3.25'yo

Afi other assumptions br	Afi other assumptions br	ow are the same for Ripen House and Car	ow are the same for Ripen House and Car	ow are the same for Ripen House and Car	digan House.	digan House.
The mortality assumpfions		are based on the recent actual morlafily			xpsrtsnm ofmembem		within the Fund	end afiow far
expected future mortality		Improvements.	The assumed	life expsctstlons		on rebrement age 65are:
							2021	2020
Retiring today:
Males						22	22	22
Females						25	25	25
Retiring In tweniy years:
Males						23	23	23
Females						26	26	26
The approximate split	of	assets far the Fund as e whole (based on			data	suppfied by the Fund Adminbtedng		Authority) is
shown In the table below.
						2022	2021	2020
Equmes Praperiy Government bonds						79.8% 4.0'/o 7.4%	79.7% 3.8% 83%	77.5% 4.5ok 9.6'k
Corporate bonds Cash						4.8% 2.9%	4.6% 2.0ok	5.1'/o 1.9%
Other						1.1%	1.6%	I 4'/o
						100.0%%uo	100.0%	100.0'k
The actual return on the scheme assets			was F443000	(2021;F814000).
Sensitivity analysis on defined benefit obfigatlons are:
						2022	2021	2020
								8
Discaunt rats + 0.1%						5,279,000	5,492,000	4,538,000
Discount rate - 0.1'/ Morislfiy Bssumpfian +1year increase Mortality~-1year decrease Salary rate+ 0.1% Salary mte -0.1%						5,482,000 5,190,000 5,566,000 5,389,000 5,367,000	5,704,000 5,394,000 5,802,000 5,610,000 5.584,000	4,712,000 4,474,000 4,775,000 4,634,000 4,615,000

Pensions snd other post retirement	Pensions snd other post retirement	bsnefits (condnued)
The statement offinancisl position net defined bene(a fiabfifiy is determined as fofiows:
			2022	2021
Present value ofdefined benefit	obligations		(5,378,000)	(5,595,000)
Fair value of plan assets			4,880,000	4,285,000
			(498,000)	(1,330,000)
Changes In the present value of	the defined benefit obfigatlons are as fofiows:
				2022
				8
At 1 April 2021				5,595,000
Culnnlt ssnrics cost Interest expense				174,000 118,'000
Benelils paid				(136,000)
Contributions by plan pertklpants				22,000
Remessursments:
Actuarial gains and losses				(393,000)
At 31March 2022				5,378,000
Changes In the fair value of plan	assets are as follows:			2022
At 1 Aprfi 2021				4,265,000
Interest income
Benefit paid				(136,000)
Conlribufions by employer Contributions by plan participants				286,000 22,000
Remeasurements:
Aduarial gains and losses				351,000
At 31March 2022				4,880,000
The total costs for ths year in relation		to defined benefit plans are as follows:
			2022	2021
			8	6
Recoglrised in income orexpenditure:
Current service cost			174,000	132,000
Net inhumri expense			24.000	27,000
			198,000	159,000
Recognised In other recognised	gains	and losses:
Remeasurement ofthe lisbilily:
Aduarlal gains and losses

Unrestricted	funds
						Gains snd
		At 1 Apr 2021 E	Income E	Expendituref	Transfers F	losses E	At 31 Mar 2022 E
Unresbictsd	Funds	1,713,196	2,082,153	(1,958,988)	(139,500)	195,838	1,892,699
Revaluation	reserve	1,816,113					1,818,113
Designated	funds
Pension		(1,330,000)		88,000			(498,000)
Csssadon fund		80,000			10,000		90,000
Redundancy	fund	118,000			6,000		124,000
BWkfing fund		200,000			20,000
Pension fund		226,500			103,500
		2,823,809	2,082,153	(1,870,988)	—	939,838	3,974,812
						Gains end
		At 1Apr 2020	Income	Expendituref	Transfers F	losses f	At 31 Mar 2021 E
Unrestricted	Funds	956,921	2,087271	(1,886,43+	229,600	325,841	1,713,196
Revaluation	resenre	1,816,113					1,816,113
Designated	funds
Pension		(1,316,000)		140,000		(154,000)	(1,330,000)
Cessslkm fund
Redundancy	fund	118,000					118,000
Bussing fund
Pension fund		456,100			(229,600)
		2,311,134	2,087,271	(1,746,437)		171,841	2,823,809

						Unrestdcted	Trial Funds
						Funds	2022 f
	Tangible fixed assets					2,027,555	2,027,555
	Investments					2,010,950	2,010,950
	Cunent assets					537,749	537.749
	Creditors less Ihan 1	year				(103,442)	(103,442)
	Defined benefit pension					(498,000)	(498,000)
	Net assets					3,974,812	3,974,812
						Unrestdcted	Total Funds
						Funds	2021
	Tangible fixed assets					1,997,397	1,997,397
	Investments					1,740,112	1,740,112
	Current assets					500,647	500,647
	Creditors less than 1	year				(84,347)	(84,347)
	DeRned benelll pension					(1,330,000)	(1,330,000)
	Net assets
23.	Analysis ofchanges	In net debt
					At 1Apr 2021 f	Cash flows f	At 31Mar 2022 f
	Cash at bank and in hand				333,364	(64,731)	268,633
24.	Operating lease commitments
	The total future mlnimfsn		lease payments	under non-canceRable	operaRng leases are as foRows:
						2022 f	2021
	Not later than 1 year					5,573	5,573
	Later than 1 year and	not	later than 5years			8,359	13,932
						13,932	19,505