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||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers||
|Trustees' report|||2-11|
|Independent
auditors'|report|on the financial statements|12-15|
|Statement offinancial|activities||16|
|Balance sheet|||17-18|
|Statement ofcash flows|||19|
|Notes to the financial|statements||20-36|
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|Trustees|||Mr A M McAdam,|Chair||||
|---|---|---|---|---|---|---|---|
||||Mrs P A Heffernan,|Vice Chair||||
||||Mrs SG Rawlings,|Treasurer||||
||||Mrs M L Bawn|||||
||||Mrs P R Beaumont|(resigned|||1 April 2022)|
||||Mrs A E Dokov|||||
||||Mr K Duncan-Banerjee|||||
||||Mrs S L Gudsell|||||
||||Mr C D Hill|||||
||||Mr BD Keates|||||
||||Mr F Macaonghus|(resigned||1|April 2022)|
||||Mrs JA Osmund-Smith|||||
||||Mr C
I Pelling-Fulford|||||
|Company|registered|||||||
|number|||03471122|||||
|Charity registered||||||||
|number|||1066948|||||
|Registered||office|Meeting
Point House|||||
||||Southwater
Square|||||
||||Telford|||||
||||Shropshire|||||
||||TF34HS|||||
|Company|secretary||Mr 8 D Keates|||||
|Independent||auditors|WR Partners|||||
||||Chartered
Accountants|||||
||||Belmont House|||||
||||Shrewsbury
Business Park|||||
||||Shrewsbury|||||
||||Shropshire|||||
||||SY26LG|||||
|Solicitors|||FBC Manby Bowdler|||||
||||Routh House|||||
||||Hall Court|||||
||||Hall Park Way|||||
||||Telford|||||
||||Shropshire|||||
||||TF34NJ|||||
|Key Management|||Terry Gee, CEO (resigned||3/4/23)|||
||||Naomi Pay, CEO (appointed|||17/4/23)||
||||Joan Collins, Finance Manager|||||
||||Deborah
Morris, Operations|||Manager||
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|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
||Note|2023|2023f|2023|2022|
|Income from:||||||
|Donations
and legacies|4||33,946|33,946|15,799|
|Charitable
activities|5|436,822|1,166,583|1,603,405|1,604,4'/2|
|Other trading
activities|6||5,098|5,098|27|
|Total income||436,822|1,205,627|1,642,449|1,620,238|
|Expenditure
on:||||||
|Charitable
activities||377,143|1,254,074|1,631,217|1,653,923|
|Total expenditure||377,143|1,254,074|1,631,217|1,653,923|
|Net incomet(expenditure)||59,679|(48,447)|11,232|(33,685)|
|Transfers
between
funds||(65,121)|65,121|||
|Net movement
in funds before||||||
|other recognised
gains||(5,442)|16,674|11,232|(33,685)|
|Other recognised
gains:||||||
|Gains on revaluation
offixed assets|||||225,000|
|Net movement
in funds||(5,442)|16,674|11,232|191,315|
|Reconciliation
offunds:||||||
|Total funds brought
forward||5,442|779,699|785,141|593,826|
|Net movement
in funds||(5,442)|16,674|11,232|191,315|
|Total funds carried forward|||796,373|796,373|785,141|
|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|||||Note|||||
|Fixed assets|||||||||
|Tangible assets||||12||600,065||600,623|
|||||||600,065||600,623|
|Current assets|||||||||
|Debtors||||13|88,161||73,989||
|Cash at bank and|in|hand|||315,459||342,67/||
||||||403,620||416,660||
|Creditors: amounts||falling due within one|||||||
|year||||14|{202,226)||(220,124)||
|Net current assets||||||201,394||196,536|
|Total assets less|current liabilities|||||801,459||797,159|
|Provisions
for liabilities||||||{5,086)||(12,018)|
|Net assets excluding|||pension asset|||796,373||785,141|
|Total net assets||||||796,373||785,141|
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|Leasehold|improvements|-|25% on cost|
|---|---|---|---|
|Fixtures and fittings|||25% on cost|
|Computer|equipment||25% on cost|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
||||K||
|Donations|and gifts|33,946|33,946|15,799|
|Total 2023||33,946|33,946|l5,799|
|Total 2022||'l5,799|15,799||
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|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023|2023|2023|2022|
|Supporting|People|436,822||436,622|442,762|
|Rental income - accomodation|||700,013|700,013|879,740|
|Rental income - office space and cafe|||16,534|16,534|42,910|
|Sundry income|||450,036|450,036|239,000|
|Total 2023||436,822|1,166,583|1,603,405|1,604,412|
|Total 2022||437,222|1,167,190|1,604,412||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|Fundraising|events|5,098|5,098|27|
|Total 2023||5,098|5,098|27|
|Total 2022||27|27||
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|||Restricted|Unrestricted|||
|---|---|---|---|---|---|
|||funds|funds|Total|Total|
|||2023|2023|2023|2022|
|Charitable|activities|377,143|1,254,074|1,631,217|1,653,923|
|Total 2023||377,143|1,254,074|1,631,217|1,653,923|
|Total 2022||327,242|1,326,681|1,653,923||
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||||Activities||||
|---|---|---|---|---|---|---|
||||undertaken|Support|Total|Total|
||||directly|costs|funds|fun o'S|
||||2023|2023|2023|2022|
|Charitable|activities||1,549,371|81,846|1,631,21?|1,653,923|
|Total 2023|||1,549,371|81,846|1,631,21?|1,653,923|
|Total 2022|||1,575,209|78,714|1,653,923||
|Analysis ofdirect costs|||||||
||||||Total|Total|
||||||funds|funds|
||||||2023|2022|
|Staff costs|||||766,651|648,584|
|Premises costs|||||447,163|480,530|
|Administration||costs|||59,153|53,908|
|Sundries|||||31,031|30,010|
|Bad debts|(lost|rental income)||||466|
|Payments|to sub-contractors||||215,136|200,876|
|Rent losses due to void properties||||||133,846|
|Travel|||||30,23?|26,989|
|Total202|||||1,549,3?1|1,575,209|
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||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|
||||||||2023|2022|
||||||||K||
|Depreciation|||||||558|973|
|Sundries|||||||63,220|61,513|
|Auditors'
remuneration|||||||9,856|5,294|
|Legal and professional||fees|||||7,926|10,467|
|Bank charges|||||||286|467|
|Total 2023|||||||81,846|78,714|
|Auditors'
remuneration|||||||||
||||||||2023|2022|
|Fees payable|to the Charity's||auditor||for the audit ofthe Charity's|annual|||
|accounts|||||||8,400|5,294|
|Fees payable|to the Charity's||auditor||in respect of:||||
|All non-audit|services not included|||above|||1,250||
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|Staff costs|||
|---|---|---|
||2023|2022|
||f.||
|Wages and salaries|703„821|593,673|
|Social security costs|51,684|38,223|
|Pension costs|11,146|16,688|
||766,651|648,584|
|2023|2022|
|---|---|
|No.|No.|
|37|33|
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|||Long-term||||
|---|---|---|---|---|---|
||Freehold|leasehold|Fixtures and|Computer||
||property|property|fittings|equipment|Total|
|Cost orvaluation||||||
|At 1 April 2022|600,000|94,902|29,269|125,384|849,555|
|At 31 March 2023|600,000|94,902|29,269|125,384|849,555|
|Depreciation||||||
|At 1 April 2022||94,902|29,269|124,761|248,932|
|Charge for the year||||558|55&|
|At 31 March 2023||94,902|29,269|125,319|249,490|
|Net book value||||||
|At 31 March 2023|600,000|||65|600,065|
|Af31March 2022|600,000|||623|600,623|
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|||2023||
|---|---|---|---|
|Due within one year||||
|Trade debtors||35,077|35,993|
|Other debtors||5,394|17,857|
|Prepayments|and accrued income|47,690|20,139|
|||88,161|73,989|
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|Creditors|: Amount|s|falling due|within one year|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||F||
|Bank overdrafts||||||2|
|Trade creditors|||||41,832|40,287|
|Other taxation and||social security|||10,266|10,981|
|Other creditors|||||5,667|4,148|
|Accruals|and deferred||income||144,461|164,706|
||||||202,226|220,124|
||||||2023|2022|
||||||f.||
|Deferred|income at 1||April 2022||132,239|40,428|
|Resources deferred||during the year|||123,122|l32,239|
|Amounts|released|from previous||periods|(132,239)|(40,428)|
||||||123,122|132,239|
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|Statement off|unds|- c|urrent|year|||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
|||||Balance at 1|||Transfers|31INarch|
|||||April 2022|Income|Expenditure|in/out
f|2023|
|Unrestricted
funds|||||||||
|Designated
funds|||||||||
|Property
repairs|sinking||fund|42,157||||42,'l57|
|Employment
reserve||||21,459|||46,560|S&,019|
|Client rent deposit||||2,220||||2,220|
|||||65,836|||46,560|112„396|
|General funds|||||||||
|General Funds|- all funds|||563,863|1,205,627|(1,254,074)|18,561|533,977|
|Revaluation
reserve||||150,000||||150,000|
|||||713,863|1,205,627|(1,254,074)|18,561|683,977|
|Total Unrestricted||funds||779,699|1,205,627|(1,254,074)|65,'I21|796,373|
|Restricted funds|||||||||
|Local authority|floating||||||||
|support|||||436,822|(377,143)|(59,679)||
|Millichope||||5,000|||(5,000)||
|Octavia court||||442|||(442)||
|||||5,442|436,822|(377,143)|(65,'l21)||
|Total offunds||||7&5,141|1,642,449|(1,631,217)|||
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|Statement offunds -|prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||Transfers|Gains'|31March|
||1 April 2021|Income|Expenditure|in!out|(iosses)|2022|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Property
repairs|||||||
|sinking
fund|42,157|||||42,157|
|Employment
reserve|21,459|||||21,459|
|Client rent deposit|2,220|||||2,220|
||65,836|||||65,836|
|General funds|||||||
|Unrestricted
funds|597,548|1,183,016|(1,326,681)|109,980|-|563,863|
|Revaluation
reserve|(75,000)||||225,000|150,000|
||522,548|1,183,016|(1,326,681)|109,980|225,000|713,863|
|Total Unrestricted|||||||
|funds|588,384|1,183,0'/6|(1,326,681)|/09,980|225,000|779,699|
|Restricted funds|||||||
|Local authority|||||||
|floating support||437,222|(327,242)|(109,980)|||
|Millichope|5,000|||||5,000|
|Octavia Court|442|||||442|
||5,442|437,222|(327,242)|(109,980)||5,442|
|Total offunds|593,826|1,620,238|(1,653,923)||225,000|785,141|
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|Analysis|ofnet assets|between funds - current year|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2023|2023|
|Tangible fixed assets|||600,065|800,065|
|Current assets|||403,620|403,620|
|Creditors|due within one year||(202,226)|(202,226)|
|Provisions|for liabilities|and charges|(5,086)|(5,086)|
|Total|||796,373|796,373|
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|Analysis|ofnet assets between funds - prior ye|ar|||
|---|---|---|---|---|
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||E|||
|Tangible fixed assets|||600,623|600,623|
|Current assets||5,442|411,218|416,660|
|Creditors|due within one year||(220, 'l24)|(220,124)|
|Provisions|for liabilities and charges||(12,018)|(12,018)|
|Ttl||5,442|779,699|785,141|
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||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
|Net
income/expenditure||for|the|year|(as|per|Statement|of Financial|||
|Activities)||||||||||(33,685)|
|Adjustments
for:|||||||||||
|Depreciation
charges|||||||||558|973|
|Increase
in debtors|||||||||(14,172)|(48,788)|
|Increase/(decrease)|in|creditors|||||||(24,828)|f03,355|
|Net cash provided|by/(used||in)|operating||activities|||(27,210)|21,855|
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|||2023|2022|
|---|---|---|---|
|Cash in hand||3'I5,459|342,671|
|Overdraft
facility repayable|on demand||(2)|
|Total cash and cash equivalents||3'l5,459|342,669|
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|||||At 1 April||At 31March|
|---|---|---|---|---|---|---|
|||||2022|Cash flows|2023|
|Cash|at bank and in hand|||342,671|(27,212)|315,459|
|Bank|overdrafts|repayable|on demand|(2)|2||
|||||342,669|(27,210)|315,459|
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||||2023f|2022|
|---|---|---|---|---|
|Not later than||1 year|1,228|668|
|Later than|1 year and not later than 5years||3,980|2,643|
||||5,208|3,331|
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