OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Contents Page
Report ofthe Executive Committee: 1-13
Independent
Examiner		 report 14
Statement
offinancial
activities		 15
Balance sheet
Statement
ofcash flows		 17
Notes to the financial
statements		 18-28

Unrestricted Restricted Total Total
funds funds funds funds
2022 2022 2022 2021
Note 8 E
Income
Income from charitable activities
10 7,166 903,258 910,424 941 739
Income from other generated funds:
Investment income 1,171 1,171 2,306
Other income 187 187 39
1,358 1,358 2,345
Total income 8,524 903,258 911,782 944,084
Expenditure
Charitable
activities:
General expenditure 12 13,471 830,394 843,865 826,927
Pension scheme net service cost 3h 13,000 13000 19,000
Charitable
activities		 expenditure 26,471 830,394 856,865 845,927
Total expenditure &0 26,471 830,394 856,865 845,927
Net (expenditure) (17,947) 72,864 54,917 98,157
Other recognised
gains and		 losses
Actuarial gains on
defined benefit pension schemes 3m 148,000 148,000 89,000
Net movement
in funds		 130,053 72,864 202,917 187,157
Reconciliation offunds
Total funds
brought
forward		 1,091,634 301,742 1,393,376 1,206,219
Total funds carried forward 13,
14		 1,221 687 374 606 1 596,293 1 393,376

Note 2022
6		 2021f
Fixed assets
Tangible assets 4 588,101 616,760
Current assets
Debtors s 119,876 159,232
Cash at bank and in hand 1,131636 985,898
1,251,512 1,145,130
Liabilities
Creditors: amounts falling due within one year s 87,320 77,514
Net current assets 1 164193 1,067,616
Net assets excluding pension liability 1,752,294 1,684,376
Defined
benefit pension scheme		 liability sg 156,000 291,000
Net assets including pension liability 1,596293 1,393,376
The funds ofthe charity
Restricted funds 14 374,606 301,742
Unrestricted
funds:
Designated 1,295,729 1,295,729
General 1s 81 958 86,905
Unrestricted
income funds		 excluding pension reserve 1,377,687 1,382,634
Pension reserve sg, 13 156000 291,000
Total unrestricted funds 13 1,221,687 1,091,634
Total charity funds 1,596293 1,393,376

tatement
o		 fcash flows for the year ended 3 1"March 2022
Note 2022 2021
Cash used in operating
activities		 144,567 80,815
Cash flows from investing activities
Investment Income 1,171 2,306
Cash provided
by investing		 activities 1,171 2,306
(Decrease) in cash
in the year		 145,738 83,121
Cash at the beginning
ofthe		 year 985,898 902,777
Total cash at the end ofthe year 1,131,636 985,898

categorisation
ofresources expended
is that there
is no
Tangible
fixed assets
Tangible
fixed assets are depreciated
on a straight
line		 categorisation
ofresources expended
is that there
is no
Tangible
fixed assets
Tangible
fixed assets are depreciated
on a straight
line		 unallocated
expend ture or 'support
basis over their estimated
useful
live
Asset cate o Useful
life
Voluntary
Office 8		 Action Centre (VAC)
project equipment		 40 years
5 —20 years
Computer equipment 2 years

2022 2021 2020 2019 2018
inquities 55.7 57.0 52.7 604 62.6
Property 69 6.1 7.3 76 7.0
Government Bonds 180 17.3 21.8 22.7 23.7
Corporate Bonds 00 0.0 0.0 5.2 1.0
Ilulti Asset Credit 92 0.0 0.0 0.0 00
Cash 0.9 1.4 2.0 2.3 2.6
Other 9.3 18.2 162 1.8 3.1
Total 1000 1000 100.0 100.0 1000

econcili ation
offunded status to balt,nce		 sheet
2022 2021 2020
EOOO OOOO 8000
Fair value ofassets 1,288 1,367 1,100
Present value of liabihties 1,444 1,658 1,461
Pension (liability) 156 291 361
The split ofliabilities a l the la
Active Members 63%
Deferred Pensioners 10%
Pensioners 27%

mount r ecognised in incom e statemt
nt
2022 2021
6000 6000
Current service cost 16 25
Interest cost 23 34
Interest income on assets 16 25
Expense recognised 23 34
Expense recognised in:
Charitable activities —general expenditure 10 15
Chantabie activities —pension scl erne net service cost 13 19
23 34

3(i) Changes to the present value o fthe defined benefi t obligation
2021 2021
EOOO EOOO
Opening defined benefit obligation '1,658 1,461
Current service cost 16 25
Interest expense on defined
benefit obligation		 34 34
Contributions
by		 participants 6 5
Actuarial (gains)/losses on liabilities (83) 160
Net benefits
paid out		 (187) (27)
Closing defined benefit obligation 1,444 1,658
3(j) Changes to the fair value ofassets
2022 2021
EOOO EOOO
Opening fair value ofassets 1367 1,100
Interest income on assets 27 25
Remeasurement gains on assets 65 249
Contributions
by		 the employer 10 15
Contributions
by		 participants 6 5
Net benefits
paid		 out (187) (27)
Closing fair value ofassets 1288 1,367
3(k) Actual return on assets
2022 2021
f000 EOOO
Interest Income on assets 27 25
Actuarial gains on assets 65 249
Actual
return
on		 assets 92 274
3(l) History ofasset values, present value of liabilities and gains/(los& es)
2022 2021 2020 2019 2016
EOOO EOOO EOOO EOOO EOOO
Fair value ofassets 1,288 1,367 1,100 1,227 1,114
Present value of 1,444 1,658 1,461 1,472 1,432
liabilities
Deficit 156 291 361 ~245 ~318

mount recognised in as actuarial
gains
in pension		 scheme
2022 2021
EOOO EOOO
Asset gains/(losses) in the year 65 249
Liability losses/(gains)
in the year		 ~83 160
Amount recognised in SOFA 148 69

Voluntary
Action Centre		 Office &
I
equipment		 Computer
equipment		 Total
F.
Cost:
As at 1 April 2021 1,220,093 151,767 119,635 1,491,495
Additions
As at 31 March 2022 1~220093 151,767 119635 1,491,495
Depreciation:
As at 1 April 2021 (i07,594 147,506 119,635 874,735
Charged in the year 26,527 2,132 28,659
As at 31 March 2022 634121 149,638 119,635 903,394
Net book value:
As at 1 April 2021 (i12,499 4,261 616,760
As at 31 March 2022 585,972 2,129 588 101

5 Debtors
2022 2021
6
Grants receivable 117,664 156,814
Other debtors 2 212 2,418
119,876 159232
All amounts are due within one year from the balance sheet date
6 Creditors: amounts falling due within one year
2022 2021
6 F
Trade creditors 4,847 955
Accruals & Deferred Income 82473 76,559
87,320 77,514
Deferred Income 2022 2021
6 E
Brought Forward 65,000
Amount released to Income Resources, (65,000)
Amount Deferred in the year 65,000
65,000
7 Analysis of Net Assets between I'unds
Pension
Net current scheme
Fixed assets assets liability Total
F
Restricted
funds		 14 374,606 374,606
Unrestncted
funds:
Designated
funds		 13 585,972 709,757 1,295,729
General funds 13 2,129 79,829 81,958
Pension reserve 3g 156,000 156,000
At 31 March 2021 588,101 1,164,192 156,000 1,596,293

Pension
Nei: current scheme
Fixed assetsf assetsf liabilityf Total
F
Restricted
funds		 301,74I2 301,742
Unrestricted
funds'
Designated
funds		 13 612,499 683,230 1,295,729
General
funds		 13 4,261 82,6414 86,905
Pension
reserve		 3g 291,000
At 31 March 2021
Net (expenditure)
for the		 year
2022 2021
f F
Net (expenditure)
for the		 year is stated after charging:
Depreciation 2!3,659 26,659
Independent
Examination		 (including VAT) I,100 1,100
Staff Costs 2022 2021f
Salaries and wages 347,178 322,849
Social secunty costs 27,560 25.415
Pension costs:
HCC Pension
Fund —		 cash basis 9,456 14,512
Stakeholder
scheme —matched		 contributions 1i),383 5366
394577 366.142
No employees
received		 remuneration in excess off50,000 (2021, nil).
Key Management
personnel		 comprise of the Chief Executive Officer, the Deputy Chief Executive Officer and
the Finance Controller The total benefits received by key management w;is f133,708 (2021' f152,640)
Average
number
ofemployees:
:!021 2021
Prolect workers
(full time)		 2 2
Management
and administration		 (full time) 4 3
Project workers
(part time)		 11 12
Management
& Administration		 (part time) 8 8
25 25
Income
Unrestricted Restricted 'fotal Total
funds f funds
f		 2022f 2021
f
Unrestricted
income:
Southampton
City Council
Office 8 Other 7,166 iv166 8,654
Restricted
income (note		 14):
Restricted
Prolects		 850,129 85(1,129 691,884
Shopmobility 6
53 12J		 5,I,129 41,001
7 166 993259 9111424 941,739

Unrestricted Unrestricted Restricted Total Total
funds funds 2022 2021
E E E E
Core management & support costs 13,471 13,471 (38,141)
Restncted
expenditure		 (note 14)
Restricted
Prolects		 782,148 782, 148 812,567
Shopmobility 48,246 48 246 52 501
13,471 830394 843,865 826,927
Unrestricted
funds
At 1 Apr At 31
N«id 2021 Movement Transfers Mar 2022
DDiD t df d E E E E
VAC 612,499 (26,527) 585,972
Property 457,594 26,527 484,121
Staffing reserve 142,636 142,636
Building maintenance 30,000 30,000
Computer
and office equipment		 20,000 20,000
Legal 33,000 33000
1,295,729 1,295 729
General funds
General reserve 66,905 4,947 81 958
Other funds
Pension reserve sa 291,000 135000 156,000
Total unrestricted funds 1 091,634 130053 1 221,687
At 1 Apr At 31
N« ie 2020 Movement Transfers Mar 2021
DDiD t df d E E E
VAC 639,026 (26,527) 612,499
Property 431,067 26,527 457,594
Staffing reserve 142,636 142,636
Building maintenance 30,000 30,000
Computer
and office equipment		 20,000 20,000
Legal 33,000 33,000
1,295,729 1,295,729
General funds
General reserve 37,565 49,340 86,905
Other funds
Pension reserve sa 361,000 70,000 291,000
Total unrestricted funds 972,294 119,340 1,091,634

Buildin
s 8 Innovatiors		 36787 11 948 24,839
Total —Voluntary
Sector		 Support 234,018 891,884 (812,567) 313,335
~Pro'ects
Shopmobifity
—General		 fund 38,268 (38,268)
Shopmobility
—Chantable		 and othe fund. 93 2,734 14,234 11,593
Subtotal —Shopmobilily (93) 41,002 (52,502) (11,593)
Total —Projects (93) 41,002 (52,502) (11,593)
233,925 932,886 865,069 301,742

Reconciliation
of ne		 t mo veme nt
n		 funds to the net cash f low from operatin g
activities
2022 2021
F
Net Movement
in fund,		 . 202,917 187,157
Add back depreciation charge 28,659 28,659
Less Investment
incorr		 e (1,171) (2,306)
Pension
Movement		 (135,000) (70,000)
Decrease/(Increase)
in		 debtors 39,356 (97,279)
Increase
in creditors		 9,806 34,584
Net cash used
in operating		 actiwties 144,567 80,815
Financial
instruments
2022 2021
F 6
Financial assets
Financial assets that are measured at arnortised cost 1,251,513 1,145,130
Financial
liabilities
Financial
liabilities
measured		 at imortised cost 87,320 77,514
Unrestricted Restricted Total
Funds Funds Funds
2021
Total Income 11 1c9 932,885 944,084
Total Expenditure (19,141) 865,068 845,927