## ## ## ## |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|statements|of| |---|---|---|---|---|---|---|---|---|---|---|---| |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|acthrtges by acthity type|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|benefits (condoned)|||| |---|---|---|---|---|---| |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| ##