2022-03-31-accounts - Improving Lives Plymouth

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				Page
Trustees'	Annual Report (including		Directors' Report)	1-10
Independent Auditor's		Report		11-14
Statement	ofFinancial	Activities		15
(including	Income and	Expenditure	Account)
Statement	ofFinancial	Position		16
Statement	ofCash Flows			17
Notes to the Accounts				18-35

YEARENDED 31~C	H 2022
					2022		2021
				Unrestricted	Restricted
			Notes	Funds	Funds	Total	Total
Income and endowments	from:
Donations and legacies				21,381		21,381	34,087
Charitable activities				1,233,754	468,762	1,702,516	1,577,892
Other trading activities							3,120
Investment income				10,849		10,849	11,801
Total income and endowments				1,265,984	468,762	1,734,746	1,626,900
Expenditure on:
Raising funds			6	14,014	10,094	24,108	35,596
Charitable activities			6	1,101,678	470,338	1,572,016	1,572,995
Total expenditure				1,115,692	480,432	1,596,124	1,608 591
Net income/(expenditure)	and net movement	in funds
before gains and losses on	investments			150,292	(11,670)	138,622	18,309
Net gains/(losses) on investments			14	19,083		19,083	58,207
Net income/(expenditure)				169,375	(11,670)	157,705	76,516
Transfers between funds				(19,261)	19,261
Other recognised gains/(losses)
Net movement in funds			24	150,114	7,591	157,705	76,516
Reconciliation offunds:
Total funds brought forward			24	1,148,689		1,148,689	1,072, 173
Total funds carried forward			24	1,298,803	7,591	1,306,394	1,148,689

			2022	2021
		Notes
Fixed assets
Tangible		13	859,485	877,821
Investments		14	380,647	361,564
			1,240 132	1 239,381
Current assets
Stocks		15	3,813	3,770
Debtors		16	68,298	7,579
Investments		17
Cash at bank	and in hand	17	453,374	246,362
			525,485	257,711
Creditors
Amounts falling due within one year			399,223	275,073
Net current	assets/(liabilities)		126,262	(17,362)
Total assets	less current liabilities		1,366,394	1,222,023
Creditors
Amounts falling due after more than one year		19	(60,000)	(73,334)
Net assets		26	1,306,394	1,148,689
Charity funds
Revaluation	reserve	24	67,386	63,306
Unrestricted	funds	24	1,031,417	885,383
Designated funds		24	200,000	200,000
Restricted funds		24	7,591
			1,306,394	1,148,689

			2022	2021
		Notes
Cash flow from operating	activities	21	211,898	161,147
Interest paid		7	~3,234	3,186
Net cash flow from operating activities			208,664	157,961
Cash flow from investing	activities
Payments to acquire tangible fixed assets		13	(1,378)	(6,315)
Payments to acquire investments		14	(45,162)	(45,691)
Receipts &om sale ofinvestments		14	47,373	47,562
Dividends receivable		5	10,849	11,790
Interest receivable		5		11
Net cash flow from investing activities			11682	7,357
Cash flow from financing Repayment ofborrowing	activities	19	~13,334	13,333
Net increase/(decrease) in cash and cash equivalents			207,012	151,985
Cash and cash equivalents	at start ofApril 2021	17	246,362	94,377
Cash and cash equivalents	at end ofMarch 2022	17	453,474	246,362
Cash and cash equivalents	consist of:
Current accounts and cash	in hand	17	453,474	246,362

				Unrestricted	Restricted	2022	2021
				General	General	Total	Total
Legacy				10,000		10,000
Wolferstans LLP				3,000		3,000
Gif'ts and	donations			8,381		8,381	11,087
Devon Community		Foundation DCRR					7,500
Hampton	House						2,500
Devon Masonic Charitable			Fund				8,000
Medlock	Charity						5,000
				21,381		21,381	34,087

2022			General	Information	Disability	Caring	Plymouth	2022	2021
				and	and Long	for	Veterans	Total	Total
				Advice	Term	Carers	BIll
Unrestricted					Health		Family Hub
					Conditions
(a) Contracts and grants
Plymouth City Council					359,212	315,518		674,730	589,499
Plymouth City Council Covid-19									39,500
NEW Devon CCG					43,790			43,790	43,790
Citizens Advice Plymouth				290,842				290,842	284,333
Hospitals NHS Trust				2,600	19,500			22,100	22,100
Livewell South West					2,000			2,000	5,000
Bernard Sunley			5,000					5,000
Garfield Weston Foundation			9,375					9,375	15,625
Carers Trust						47,477		47,477
IFC Grant			22,451			5,300		27,751	20,000
Devon Community Fund							4,000	4,000
The Hobson Charity							5,000	5,000
Army Benevolent Fund							10,000	10,000	15,000
Other			2,000		13,269	1,575		16,844	10,962
			38,826	293,442	437,771	369,870	19,000	1,158,909	1,045,809
(b) Other income sources
Personal Budget Services					11,254			11,254	7,711
Other			88	464	6,599	4,733		11,884	5,799
Sale ofgoods					3,584			3,584	2,164
				464	21,437	4,733		26,722	15,674
(c) Rent			48,123					48,123	54,345
			87,037	293,906	459,208	374,603	19,000	1,233,754	1,115,828
Restricted
(a) Contracts and grants
Plymouth City Council						233,359		233,359	232,895
Royal Navy Royal Marines
Welfare							56,533	56,533	66,219
Armed Forces Covenant	Fund						93,286	93,286	124,617
Royal Navy Royal Marines
Charity supported by							40,000	40,000
Greenwich Hospital
Aged Veterans Fund Funding							31,667	31,667	8,333
Royal Air Force Benevolent		Fund					6,667	6,667
National Lottery Community
Fund					7,250			7,250	30,000
Total restricted by activity					7,250	233,359	228,153	468,762	462,064
Total								1,702,516	1,577,892

2021		General	Information	Information	Disability	Caring	Plymouth	Plymouth	2021	2020
			and		and Long	for	Veterans		Total	Total
			Advice		TeHI1	Carers	and
Unrestricted					Health		Family	Hub
					Conditions
(a) Contracts and grants
Plymouth City Council		25,036			283,413	281,050			589,499	579,012
Plymouth City Council	Covid-19	25,000				14,500			39,500
NEW Devon CCG					43,790				43,790	107,601
Citizens Advice Plymouth			284,333						284,333	218,520
Hospitals NHS Trust			2,600		19,500				22,100	22,100
Livewell South West					5,000				5,000	5,000
South West Water										9,000
Garfield Weston Foundation		15,625							15,625	1,500
Devon and Cornwall Police										19,688
IFC Grant		10,000			5,000	5,000			20,000	3,000
Army Benevolent Fund							15,000		15,000	4,000
Other					3,954	3,675	3,333		10,962
		75,661	286,933		360,657	304,225	18,333		1,045,809	969,421
(b) Other income sources
Personal Budget Services					7,711				7,711	10,619
Other				464	3,842	703		790	5,799	28,503
Sale ofgoods					2,164				2,164	6,794
				464	13,717	703		790	15,674	45,916
(c) Rent		54,345							54,345	53,868
		130,006	287,397		374,374	304,928	19,123		1,116,828	1 069,206
Restricted
(a) Contracts and grants
Plymouth City Council						232,895			232,895	254,289
Royal Navy Royal Marines
Welfare		32,886					33,333		66,219	34,576
Armed Forces Covenant	Fund						124,617		124,617	19,895
Royal Navy Royal Marines
Charity supported by										6,667
Greenwich Hospital
Aged Veterans Fund Funding							8,333		8,333	30,787
National Lottery Community
Fund Coronavirus		30,000							30,000
Community Support	Fund
Total restricted by activity		62,886				232,895	166,283		462,064	346,214
Total									1,577,892	1,415,419

Information	Disability	Caring	Plymouth	2022	2021
and	and Long	for	Veterans	Total	Total
Advice	Term	Carers	and
	Health		Family Hub
	Conditions
					3,120

	2022	2021
Income from quoted investments	10,849	11,790
Other interest receivable		11
	10,849	11,801

(a) Analysis ofexpendit	ure on ch	ure on ch	aritable activ	ities
2022	General		Inform-	Disability	Caring	Plymouth	Carer s	2022	2021
			ation	and Long	for	Veterans	Payments	Total	Total
			and	TeB11	Carers	and
			Advice	Health		Family
				Conditions		Hub
Unrestricted:
Human resources			196,640	282,790	195,442	17,773		692,645	594,327
Administration			578	1,412	1,203			3,193	1,488
Travel training
and volunteers			1,122	3,873	505			5,500	8,269
project activities			3,491	6,853	63,467	5,000		78,811	57,820
Cost ofgoods sold				2,277				2,277	4,862
Support costs (note 7)		8,616	106,423	136,620	45,722			297,381	337,533
Depreciation (note 13)			5,026	7,965	2,760			15,751	17,804
Impairment ofasset									43,353
Governance (note 8)		6,120						6,120	5,160
	14,736		313,280	441,790	309,099	22,773		1,101,678	1,144,799
Restricted:
Human resources				7,250		120,232		127,482	100,933
Administration						405		405	1,829
Travel training
and volunteers						2,520		2,520	944
project activities						22,806	233,359	256,165	246,331
Support costs						79,803		79,803	78,159
Depreciation						3,963		3,963
				7,250		229,729	233,359	470,338	428,196
Total								1,572,016	1,572,995
Personal Independence	Payments		(PIPs) payable					Carers	Carers
								Fund	Fund
Payments to 1,374 individuals		(202	1:1,390)					233,359	232 985

			Un-	Plymouth
			Restricted	Veterans
				Blld
				Family
(b)	Analysis	ofraising funds expenditure		Hub	2022	2021
	Fundraiser	contractor	10,070	10,090	20,160	32,850
	Investment	management	2,250	2	2,252	1,960
	Other		1,694	2	1,696	786
			14,014	10,094	24,108	35,596

(a) Analysis ofexpendit	ure on char	itable activ	ities (cont'd)
2021	General	Inform-	Disability	Caring	Plymouth	Carer s	2021	2020
		ation	and Long	for	Veterans	Payments	Total	Total
		and	TelTn	Carers	and
		Advice	Health		Family
			Conditions		Hub
Unrestricted:
Human resources	20,999	193,778	267,021	173,664			655,462	594,327
Administration		574	1,347	1,667			3,588	1,488
Travel training
and volunteers		746	2,644	409			3,799	8,269
project activities Cost ofgoods sold	82	2,118	11,787 1,659	60,070	2,384		76,441 1,659	57,820 4,862
Contract delivery
partners								81,636
Support costs (note 7)	40,684	92,826	141,247	45,117	17,659		337,533	312,906
Depreciation (note 13)	805	5,230	8,751	3,018			17,804	16,371
Impairment ofasset	43,353						43,353
Governance (note 8)	5,160						5,160	5,160
	111,083	295,272	434,456	283,945	20,043		1,144,799	1,082 839
Restricted:
Human resources	25,867				75,066		100,933	75,704
Administration	840				989		1,829	1,311
Travel training
and volunteers	144				800		944	2,806
project activities					13,436	232,895	246,331	235,625
Support costs	36,035				42,124		78,159	38,765
	62,886				132,415	232,895	428,196	354,211
Total							1,596,124	1,572,995

Carers	Carers
Fund	Fund
232,985	231,732

			Un-	Plymouth
			Restricted	Veterans
				and
				Family
(b)	Analysis	ofraising funds expenditure		Hub	2021	2020
	Fundraiser	contractor		32,850	32,850
	Investment	management	1,960		1,960	2,190
	Other		786		786	4,071
			2,746	32,850	35,596	6,261

		Basis	General	Information	Disability	Caring	Plymouth	Plymouth	2021	2020
		of		and	and Long	for	Veterans		Total	Total
		Allocation		Advice	Term	Carers	And
					Health		Family	Hub
					Conditions
Unrestricted:
Human resources		(b)		50,988	80,781	27,993			159,762	151,720
Administration		(b)	1,450	18,588	25,312	7,719			53,069	56,678
Insurance		(b)		3,928	6,224	2,157			12,309	13,365
Premises		(a)	5,354	23,097	10,576	3,311			42,338	75,069
Information technology		(b)	499	4,278	6,106	2,059			12,942	22,821
Communications		(b)	1,313	4,647	6,196	1,989			14,145	14,292
Travel training	and
volunteers		(b)		73	118	41			232	402
Bank interest		(b)		824	1,307	453			2,584	3,186
			8,616	106,423	136,620	45,722			297,381	337,533
Restricted:
Human resources							40,191		40,191	73,958
Administration							13,899		13,899	2,501
Insurance							3,096		3,096	600
Premises							15,401		15,401	600
Information technology							3,214		3,214
Communications							3,294		3,294	500
Travel training	and
volunteers								58	58
Bank interest								650	650
							79,803		79,803	78,159

Net income/(expenditure)	f	or the	year
											2022		2021
The net income/expenditure		for the year		is stated after charging:
Governance costs:
Auditor's remuneration	-	audit									4,720		3,825
	- other		financial		services						1,400		1,335
Rentals paid under operating		leases —other operating				leases					9,236		9,289
Depreciation and loss on write offofassets*											19,714		61,157
Profit/(loss) on fair value movement ofinvestments											19,083		58,207
* Exceptional item:- previously capitalised					professional		costs of		K43,353	in relation	to a project to substantially		develop
easehold premises were written offas the project was						aborted		as a	consequence ofthe		Covid-19 pandemic.
Staff numbers and costs
The average number ofemployees			and full time equivalents					during	the year	(excluding	trustees) by activity	were:
									2022			2021
							Number			FTE	Number		FTE
Information and Advice								12		8	13		8
Disability and Long Term Health Conditions								16		11	15		10
Caring for Carers								10		8	9		5
Plymouth Veterans k Family		Hub						7		6	6		3
Support								10		8	14		8
								55		41	57		34
Staff costs in respect ofthese		employees		were as follows:
											2022		2021
Salary and wages											923,185		894,356
Social Security											57,960		52,776
Defined contribution pension											38,935		34,941
											1,020,080		982,073

	Freehold	Long	Fixtures,	Total
	land and	leasehold	fittings and
	buildings	properties and	computer
		improvements	equipment
Cost
At beginning ofyear	650,333	352,291	147,300	1,149,924
Additions			1,378	1,378
Impairment
At end ofyear	650,333	352,291	148,678	1,151,302
Depreciation
At beginning ofyear		165,865	106,238	272,103
Charge for year		8,863	10,851	19,714
Eliminated on Disposals
At end ofyear		174,728	117089	291,817
Net book value
At 31March 2022	650,333	177,563	31,589	859,485
At 1 April 2021	650,333	186,426	41,062	877,821

Fixed asset investments
				2022	2021
Market value at beginning	ofthe year			361,564	303,357
Additions				45,162	45,691
Disposals				(47,373)	(47,562)
Net gains/(losses) on revaluation		at end ofperiod		19,083	58,207
Cash movement				2,211	1,871
Market value at end ofthe	year			380,647	361,564
Investments comprise:
UK fixed interest				47,074	51,802
UK equities				102,636	101,372
Foreign Equities				219,435	199,099
Cash				11,502	9,291
				380,647	361,564
Market value ofinvestments	significant to the portfolio (&5%):
Fidelity UCITS ICA US QUAL				24,962	20,994
Insight Investment Fds Management			UK	20,090	19,324
JP Morgan Funds Limited US Equity				44,166	37,345
SSGA SPDR S&PUS Dividends				38,681	33,682

15.	Stocks
		2022	2021
	Goods for resale	3,813	3,770
16.	Debtors
		2022	2021
	Prepayments	3,431	4,643
	Accrued income	65,826	2,936
		68,298	7,579
17.	Cash at bank and in hand
		2022	2021
	Current accounts and cash in hand	453,374	246,362

Creditors: Am	ounts falling due within one year
		2022	2021
Bank loan		13,333	13,333
Trade creditors		24,100	43,945
Other tax and social security		15,870	12,920
Other creditors		27,821	29,524
Accruals		17,802	28,592
Deferred income		300,297	146,759
		399,223	275,073
Deferred Income:
Balance brought	forward	146,759	130,516
Amount released	to income	(146,759)	(130,516)
Additions during	the year	300,297	146,759
Balance carried	forward	300,297	146,759

Creditors:	Amounts	falling due outside one year
			2022	2021
Mortgage:	repayable	2to 5years	53,333	53,328
	repayable	aAer 5 years	6,667	20,006
			60,000	73,334

			2022	2021
Net income/(expenditure) for the		year	157,705	76,516
Dividends received			(10,849)	(11,790)
Interest received				(11)
Interest payable			3,234	3,186
Depreciation and impairment			19,714	61,157
Gain/loss on investment			(19,083)	(58,207)
(Increase)/decrease	in stocks		(43)
(Increase)/decrease	in debtors		(60,719)	20,048
Increase/(decrease)	in creditors		124,150	72,119
(Increase)/decrease	in investment	cash	(2,211)	(1,871)
Cash flow &om operating activities			211,898	161,147

Total future minimum lease payments under non-cancellable operating le	ases are as follows for each ofthe foll	owing period
	2022	2021
Payments due:
Not later than one year	6,703	7,837
Later than one year and not later than five years	7,903	14,206
Later than five years	12,800	13,200
	27,406	35,243

		Balance at	Income	Expenditure	Transfers	Transfers	Gains/	Balance at
		beginning			In	Out	(Losses)	end
		ofthe year						ofthe year
Unrestricted funds
General fund		94,229	1,265,984	(1,115,692)	5,002	(23,341)	19,083	245,265
Fixed Asset fund		791,154				(5,002)		786,152
Revaluation reserve		63,306			4,080			67,386
		941!,689	1,265,984	~1,115,692	9,082	~28,343	19,083	1,098,803
Designated funds
Revenue reserve		200,000						200,000
Restricted funds
Carers fund			233,359	(233,359)
National Lottery Community
Fund: Coronavirus	Community		7,250	(7,250)
Support Fund
Plymouth Veterans Family Hub	and		228,153 468,762	~239,823 ~480,432	19,261 19,261			7,591 7,591
Total funds		1,148,689	1 734 746	~1596124	28,343	~28,343	19,083	1,306,394

		Balance at	Income	Expenditure	Transfers	Transfers	Transfers	Gains/	Balance at
		beginning			In		Out	(Losses)	end
		ofthe year							ofthe year
Unrestricted funds
General fund		36,018	1,164,836	(1,147,545)		-	(17,287)	58,207	94,229
Fixed Asset fund		832,663					(41,509)		791;154
Revaluation reserve		4,510 1173,191	1,164,836	~1,147,545	58,796 58 796		~58,796	58,207	63,306 948,689
Designated funds
Revenue reserve		200,000							200,000
Restricted funds
Carers fund			232,895	(232,895)
Royal Navy Royal Marines
Welfare			32,886	(32,886)
National Lottery Community
Fund: Coronavirus	Community		30,000	(30,000)
Support Fund
Plymouth Veterans Family Hub	and	~1,018 ~1,018	166,283 462,064	~765,265 ~461,046
Total funds		1,072,173	1,626,900	~1,608,591	58,796		~58,796	58 207	1,148,689

			Unrestricted	Designated	Restricted	Total
Fixed assets			1,040,132	200,000		1,240,132
Stocks			3,813			3,813
Debtors			68,298			68,298
Cash at bank			377,812		75,562	453,374
Current	assets		449,923		75,562	525,485
Creditors:	Amounts	falling due within one year	(331,252)		(67,971)	(399,223)
Net current assets/(liabilities)			118,671		7,591	126,262
Creditors:	Amounts	falling due outside one year	(60,000)			(60,000)
Total net	assets		1,098,803	200,000	7,591	1,306,394

							2022	2021
Loan	payable	falling	due	within	1 year		13,333	13,333
Loan	payable	falling	due	in more	than	1 year	60,000	73,334
Total							73,333	86,667