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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 03433217 REGISTERED CHARITY NUMBER: 1070839

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR

MEADOW WELL CONNECTED

Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF

MEADOW WELL CONNECTED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 10
Independent Examiner's Report 11
Statement of Financial Activities 12
Balance Sheet 13 to 14
Cash Flow Statement 15
Notes to the Financial Statements 16 to 28
Detailed Statement of Financial Activities 29 to 30

MEADOW WELL CONNECTED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The organisation presents as a social enterprise, developing its own income streams whilst supporting residents' needs. A review of the purpose and strategic direction of the organisation was undertaken during the year involving staff, trustees and community representatives which confirmed the following vision, mission, and values:

Our Vision: A thriving community that's a great place to live, work and play.

Our contribution to this change is to work positively with local people to encourage, inspire and empower them to improve the things that matter to them most.

Our Mission: To work positively with local people to achieve our shared vision.

Our CoreValues:

The way we work is to build trusted relationships with others including staff, volunteers, local people and partners. We are...

Trustworthy

We will continue to build trust amongst residents, clients, staff, volunteers, and stakeholders by being open, honest and leading by example.

Open

Our services will be accessible to residents and we will remain open and accountable to our stakeholders.

Adaptable

We are responsive to the needs of the local community and will adapt our delivery to reflect change.

Creative

We will continue to find creative solutions to problems and build creativity into our approach as this encourages the engagement of our community.

Our Strategic Aims

  1. Community Involvement - Using the resources of MWC creatively to engage local people in meaningful activities which improve their lives.

  2. Skills Development - To provide inspiration and support for local people who wish to develop new skills and new ways of enriching their lives.

  3. Wellbeing - To strengthen and support the physical, mental and social connections of residents.

  4. Organisational Development - Developing focused approaches to ensure MWC can achieve their strategic objectives.

Page 1

MEADOW WELL CONNECTED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES - continued

A new Strategic Business Plan was under development in 2020-21 but the publication was delayed due to the impact of the Covid-19 crisis which has required us to give further consideration of the long-term impact of this situation in our planning for 2020 and beyond. A new Strategic Plan is under development for 2021 and beyond based on extensive research and understanding of the strategic context nationally, regionally, and locally that we find ourselves in.

Our Priorities

We understand the complex challenges facing local people alongside their desire to live in an area which is safe, communal and has the facilities and opportunities to enable them to live happy, fulfilled lives. We recognise the value residents place on the continuation of the supportive services we provide. Our priorities are to:

We recognise the importance of volunteers to our organisation and we seek to value them by offering a volunteer meal and a supportive, encouraging environment where they can develop. We encourage volunteers to share their ideas, passions and interests to create projects which harness these interests.

Our long-term vision

We are working towards a model in which local people have more control and ownership of Meadow Well Connected. This will enable local people to have a stronger voice on the issues that matter the most to them and empower residents to see the changes in their community that they want.

We want local people to recognise the value of the resources and support we provide. We have made changes to our building to enable out-of-hours hire to local community groups through building improvements and altering our intruder alarm zones. We will extend and promote this so more activity is taking place whereby local people and groups accept stewarding responsibility at evenings and weekends.

The pandemic has speeded up our plans to make our green spaces even more accessible and open for use by local people. This is important as there are limited green spaces in our area and the benefit of spending time outdoors is well documented. Our garden plan will be a main focus for development over the coming 3-5 years as we seek to improve the space and identify new social enterprise opportunities using our outdoor assets.

We will continue to review and extend our environmental impact through increased recycling, re-using and reducing philosophy.

Page 2

MEADOW WELL CONNECTED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES - continued

Enhancements to our impressive café area will make this space more appealing and attractive to local families. We have agreed a new contract with local business Ben Appétit who will work with us to ensure we offer healthy, tasty meals and develop the café to provide affordable takeaway meals. We also intend to support Ben Appétit to include produce from our gardens, provide catering for visitors and projects, and offer cooking workshops to encourage tasty but healthy eating.

Our garden and café will make vital contributions to our strategic objectives of increased community involvement and improved wellbeing. We offer many fun and engaging activities for people of all ages. We will maximise the use of our green spaces and food offering in the café to further engage local people to try new things, meet new people and learn new skills.

What we do

Meadow well Connected is the Resource Centre at the hub of the community in the two most deprived wards in North Tyneside, namely Riverside and Chirton.

We work with the local community to identify the most significant needs and develop programmes of support with them to enable them to flourish and become more independent, both economically and socially. Current programmes are in four key areas: Community Involvement, Skills Development, Well-being, and Organisational Development. They include environmental & horticultural skills development through volunteering & traineeships in our extensive gardens; debt and money management support; alcohol reduction programmes; digital and employability support using our IT suite; health & wellbeing initiatives to improve the mental & physical health of local people; affordable after-school provision to support children aged 8-13 and help their parents manage work commitments; a number of community-led workshops and activities; horticulture and joinery programmes to support adults with additional needs and young people who have disengaged from school to develop skills to give them greater independence.

Community Involvement: this is central to our service delivery and links to our mission of working positively with local people to achieve our shared vision. We seek to involve local people in our service development and take their opinions into account when shaping the services we provide. We undertake continuous contact with local people through focus groups, door-knocking, and surveys. As a result of the pandemic we have shifted to more remote delivery including telephone support, outreach activities and digital offers.

Skills Development: all aspects of our charitable provision and social enterprise work is shaped to ensure skills development is central to our delivery model. Staff, clients, and volunteers agree personal goals for skills development and this links with our vision of a thriving community.

Wellbeing: we work to create a safe, welcoming space where individual differences are recognised and valued. We have a unique mix of clients, staff and volunteers working shoulder-to-shoulder to create a supportive and varied environment where people can gain self-confidence and build self-reliance.

Page 3

MEADOW WELL CONNECTED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES - continued

Organisational Development: we recognise the challenging environment in which we operate and seek to work in a creative and forward-looking way to maximise the assets of the organisation through developing sustainable business offers. We currently operate local authority contracts; room hire and training as income generating activities to support the core costs of the organisation. We are working to develop strong links to business and have made several successful links including Capita, Open Lab at Newcastle University, The Energy Hub, Sage, TLW Solicitors, Tesco Extra North Shields, JTF Wholesalers, Lord Tool Hire, Jesmond Tree Surgeons and Ben Appétit.

Public benefit

In reviewing our strategic objectives and planning our activities for the year, the trustees have considered the Charity Commission's guidance on public benefit. The trustees are satisfied that the strategic objectives are in line with the charity's objects as set out in the governing document.

ACHIEVEMENT AND PERFORMANCE

Capital improvements

During the period of closure due to the Covid-19 lockdown we undertook several improvements to the building, including new flooring to many rooms, repainting throughout the building and new measures to make the building Covid-secure. We are planning for an upgrade to the café kitchen in 2021-22.

Ensuring our work delivers impact and outcomes

We undertake robust monitoring and evaluation of all we deliver. This includes engaging directly with a wide variety of stakeholders to understand their needs and what impact they require through our delivery. We complete this at the outset to determine outcomes and measures and thereafter undertake regular reviews to enable improvements or adjustments to our activities. Wherever possible we commission independent consultants to evaluate at the end of projects. Those directly benefitting provide regular feedback through several mechanisms including video/audio diary. We operate an online impact management system - Evide - to collate and analyse client data.

We have created new, easy to use, online surveys to improve our data collection and better underpin the difference that we make.

Our partners, supporters and funders

Meadow Well Connected is enormously appreciative of the support it receives through all its partners, funders, supporters, volunteers, and users.

Partners:

Capita, Sage Foundation and The Energy Hub our Strategic Partners, offering support, advice and volunteers.

TLW continue to provide financial support for our Positive Pathways group enabling them to undertake a range of activities both in the centre and as external trips.

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MEADOW WELL CONNECTED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE - continued

We have a strong and effective partnership with Newcastle University Open Lab who were planning to undertake some sessions to increase understanding of digital skills in the current jobs market. This has been put on hold and will be delivered in 2021-22.

The Bay Food Bank - We continue to support the food bank working to help local people. We are very grateful for the support they give to our Connected Kids Club, Positive Pathways group and Wise Steps well-being activities. We were able to provide them additional space to help cope with the additional demand which resulted following the coronavirus outbreak in March 2020 and during the second lockdown late in 2020.

Unfortunately, despite providing rent free periods during the Covid-19 pandemic we have lost several tenants including Dyslexia NE, Anxious Minds, Serenity Jiu-jitsu, and Smithy’s Deli.

Some past sessions had to be put on hold, but we hope to return these once restrictions ease including Success4All, Citizens Advice Bureau, Recovery Café and SMART Recovery as these organisations moved to remote delivery.

We have secured new tenants - United Response, True Colours Theatre and Ben Appétit plus a KLX Dance Studio and 1st Meadow Well Scouts have regular sessions in the centre.

We actively promote and support partnership working and are open to discussions with other organisations with whom we share values and objectives to seek ways of working more closely together, including developing formal working arrangements and we actively explore merger opportunities.

Funders:

We would like to thank all our funders and supporters for the generosity they have shown us in 2020-21, including:

National Lottery Community Fund (formerly The Big Lottery Fund) Wise Steps: Building Better Opportunities Fund [National Lottery Community Fund/European Social Fund] Henry Smith Charity

Virgin Money Foundation Power to Change Ballinger Trust BBC Children in Need North Tyneside NHS CCG BUPA Foundation Community Foundation The Joseph Strong Frazer Trust Good Things Foundation TLW Solicitors

Our supporters remain constant in their passion and belief in our organisation and what we do. Many act as ambassadors for the organisation and the people we serve, making connections and building networks with and through Meadow Well Connected.

Page 5

MEADOW WELL CONNECTED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE - continued

Over the year we have had the benefit of the unyielding support of fifty-three volunteers who provide much needed talent, skills and helping hands to enable us to focus on what really makes a difference. Our special thanks therefore go to those volunteers who dedicate so much time, effort, and passion to supporting who we are and what we do. We had to close the centre for extended periods during 2020-21 and to protect volunteers from the virus we were not able to allow any indoor volunteering. Despite this we still benefitted from 1,615 hours of volunteer time both remotely and in person in our gardens. We attracted new garden volunteers in the spring/summer of 2020, many of whom had been furloughed, they continue to support us and some have joined our Community Garden Group who look after a plot of land, growing their own produce in return for volunteering some time in the gardens.

As a centre-based organisation we had to shift our delivery model for much of 2020-21 with support delivered remotely through telephone calls, remote activities and delivered activity packs and meals.

We took the decision to furlough several staff to protect the financial integrity of the organisation, following an assessment of local needs. As North Tyneside Council, VODA, The Bay Foodbank and Cedarwood Trust were providing emergency Covid-19 relief we determined that there was sufficient provision locally. We continued to operate our gardens with staff only and a limited number of volunteers until May 2020 when we were able to safely welcome back outdoor volunteers on a strict rota and with Covid-secure measures in place. At each stage we reviewed our extensive Covid-19 risk assessment which was shared with staff, trustees and wider stakeholders to ensure we were compliant with government regulations and doing everything we could to protect our community.

At Christmas we were able to provide Christmas Cheer-up packs to 71 households, almost 200 Santa letters were delivered with a mobile Santa’s grotto visiting all these children plus many of their neighbours who had not signed up for the visits. Our partnership with Ben Appétit saw 750 Christmas meals packs delivered across the borough covering Christmas Eve, Christmas Day and Boxing Day.

During March over 938 winter warmer meals and kits were delivered to 140 households. We were also able to supply mobile data and tablets to residents without access to the internet to enable them to stay connected.

Despite our reduced capacity and challenging circumstances, we were still able to reach 1,854 active participants across all programmes including 22 new volunteers who began working in our gardens.

We are very grateful to all our clients, volunteers, staff and supporters for their hard work, commitment and adaptability during 2020-21.

FINANCIAL REVIEW

The Charity reported a net surplus for the year ended 31 March 2021 of £175,948 (2020 - £174,768). At the balance sheet date reserves amounted to £502,496 (2020 - £326,548) of which £198,352 (2020 - £147,081) were restricted.

Included within unrestricted funds is an amount of £34,212 (2020 - £39,699) which is represented by illiquid assets.

Page 6

MEADOW WELL CONNECTED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW - continued

The free reserves of the charity (after allowing for restricted, designated and committed amounts) total £269,932 (2020 - £20139,768).

Reserves policy

Taking into account funding which has been secured, the required level of reserves has been calculated as six months' running costs (£120,000).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Meadow Well Connected is a company limited by guarantee governed by its Memorandum and Articles of Association as amended 26 September 2013.

Recruitment and appointment of new trustees

As set out in the articles of association the chairperson of the trustees shall serve a two-year period and is entitled to be re-appointed by nomination. The vice chairperson and directors shall serve a two-year period and are entitled to be re-appointed by nomination.

During this financial year Brendan Austin continued as Chair, and Marjory Burdis was appointed to the role of Vice Chair in addition to her role as Finance Chair. Garry Grant stood down as a resident trustee in June 2020, Seema Ahmed stood down as a trustee in October 2020 and Victor Harlow stood down as trustee in March 2021. The current board is made up of 2 resident members who support the organisation locally and advocate on behalf of both residents and other beneficiaries. An additional five professionals make up the rest of the board bringing skills in finance, commercial activity, governance, education, the charitable sector and research.

Induction and training of new trustees

All staff, volunteers and Trustees undergo an induction upon commencement at the Centre which includes:

Separately each group then receive specific induction relevant to their role and are linked to specific project areas on a rotational basis to deepen their understanding of the work we do.

Page 7

MEADOW WELL CONNECTED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

All staff engage in an initial probationary period where upon they are given support to enable their transition into the organisation and development in post. Thereafter, staff participate in annual performance reviews, which are supported by our monitoring and evaluation processes in terms of their particular provision. Any learning or development needs are assessed, and appropriate measures taken to support the individual’s ongoing evolution within their role and the charity.

Volunteers are supported by staff to ensure they are gaining what they need from their role, supported in accessing additional services and provisions and that their work has mutual benefit for the volunteer and the organisation. Following a review of our volunteer recruitment, induction and support processes during 2018-19, funding was secured for a new Volunteer Coordinator and the post was recruited early in 2020.

Key management remuneration

Salary and other benefits payable to key management personnel are benchmarked against comparable roles with other organisations in the voluntary sector.

Organisational structure

The appointed Chief Officer leads the organisation, setting strategy and overseeing the growth and development of its services and offer to the community. She is supported by the Delivery & Development Manager, Office Manager and Facilities Coordinator to ensure all areas of the operational, project and financial management is effectively monitored and developed. The Board of Trustees meet eight times a year to oversee strategic priorities and ensure governance and adherence to the organisations mission, vision and values.

During 2020-21 the Finance Committee met monthly to ensure robust management of the finances of the organisation in relation to the unprecedented challenges resulting from the Covid-19 pandemic.

In total there are 15 staff members (12.5FTE), with 1.9 directly funded through the Wise Steps Project and the remainder funded through a combination of project and core income.

The organisation has developed to generate its own income and as such has two main functions: social enterprise activities and charitable activities.

Risk Management

The trustees actively review the major risks that the charity faces on a regular basis and systems are in place to mitigate such risks. Internal risks are minimised by the implementation of procedures for authorisation of transactions and projects to ensure consistent quality of delivery for all operational aspects of the Charity. These systems are periodically reviewed to ensure they meet the requirements of the Charity. In addition, the trustees have also examined other operational and business risks faced by the Charity and confirm that they have established systems to mitigate significant risks.

During 2020-21, the trustees agreed to a new 'Extraordinary Reserves Policy' to protect the organisations finance considering the uncertainty around income generation and funding opportunities as a result of the Covid-19 pandemic. This policy is kept under regular review.

Page 8

MEADOW WELL CONNECTED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

Resources Management

We undertake strict monitoring of resources and regularly review contracts with suppliers to ensure we are achieving best value and utilising grant funding in the most efficient and effective way.

In line with this approach, we do not produce a glossy annual report, rather more we focus on producing materials our local community have told us is via community consultation are of interest to them, this includes 4 newsletters per year, although the production of newsletter was halted due to the uncertainty of the pandemic with a focus on social media instead.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity name: Meadow Well Connected Company Number: 03433217

Charity Number: 1070839

Registered Office

The Meadows Waterville Road North Shields Tyne and Wear NE29 6BA

Independent Examiner

Read Milburn & Company 71 Howard Street North Shields Tyne and Wear NE30 1AR

Bankers

Unit Trust Bank PLC Nine Brindley Place Birmingham B1 2HB

Page 9

MEADOW WELL CONNECTED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

Directors and Trustees

Ms S Ahmed (retired 27 October 2020) Mr B J Austin - Chair Ms M E Burdis - Chair of Finance Miss K L Forbes Mr G L Grant (retired 9 June 2020) Mr V I S Harlow (retired 16 March 2021) Ms W King Ms A M T McCann Ms E A Robson Mr I Taws

Key Management Personnel

Ms M Cresswell - Chief Officer

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Meadow Well Connected for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 26 October 2021 and signed on its behalf by:

Mr B J Austin, Chair of Trustees

Page 10

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEADOW WELL CONNECTED

Independent examiner's report to the trustees of Meadow Well Connected ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England & Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nicholas Liley FCA Institute of Chartered Accountants in England & Wales Read, Milburn & Co

29 November 2021

Page 11

MEADOW WELL CONNECTED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
19,834
Charitable activities
5
Business Development
-
Skills Development
6,063
Community Involvem't
-
Core Activities
101,500
Other trading activities
3
34,031
Investment income
4
95
Other income
7,217
Total
168,740
EXPENDITURE ON
Charitable activities
6
Business Development
-
Skills Development
3,417
Community Involvem't
-
Core Activities
32,252
Total
35,669
NET INCOME
133,071
Transfers between funds
18
(8,394)
Net movement in funds
124,677
RECONCILIATION OF FUNDS
Total funds brought forward
179,467
TOTAL FUNDS CARRIED FORWARD
304,144		 Restricted
funds
£
6,500
-
75,385
190,971
187,424
2,333
-
4,167
466,780
750
72,962
148,901
201,290
423,903
42,877
8,394
51,271
147,081
198,352		 2021
Total
funds
£
26,334
-
81,448
190,971
288,924
36,364
95
11,384
635,520
750
76,379
148,901
233,542
459,572
175,948
-
175,948
326,548
502,496		 2020
Total
funds
£
22,648
9,500
65,217
211,380
165,000
133,556
-
21,685
628,986
9,250
79,205
197,960
167,803
454,218
174,768
-
174,768
151,780
326,548

The notes form part of these financial statements

Page 12

MEADOW WELL CONNECTED (REGISTERED NUMBER: 03433217)

BALANCE SHEET 31 MARCH 2021

Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
18
Unrestricted funds:
General fund
Restricted funds
TOTAL FUNDS		 2021
£
130,876
21,510
516,790
538,300
(166,680)
371,620
502,496
502,496
304,144
198,352
502,496		 2020
£
147,633
10,561
264,849
275,410
(96,495)
178,915
326,548
326,548
179,467
147,081
326,548

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

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MEADOW WELL CONNECTED (REGISTERED NUMBER: 03433217)

BALANCE SHEET - continued 31 MARCH 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2021 and were signed on its behalf by:

Mr B J Austin, Chair of Trustees

Ms M E Burdis, Chair of Finance

The notes form part of these financial statements

Page 14

MEADOW WELL CONNECTED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities
Cash generated from operations
20
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2021
£
251,846
251,846
-
95
95
251,941
264,849
516,790		 2020
£
240,310
240,310
(126,499)
-
(126,499)
113,811
151,038
264,849

The notes form part of these financial statements

Page 15

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Going concern

The trustees are of the view that there are no material uncertainties regarding the charitable company's ability to continue and as such the charitable company is a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Support costs

Support costs are those costs not directly related to undertaking charitable activities. Where support costs cannot be directly attributed to particular activities, they have been apportioned on a basis consistent with use of the resources in question.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - in accordance with the property Plant and machinery - 25% on reducing balance Renewable technologies - in accordance with the property

Items of expenditure which are individually less than £1,000 are not capitalised.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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continued...

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors

Trade and other debtors (including prepayments) are recognised at the settlement amount due or amount prepaid).

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Financial instruments

All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. DONATIONS AND LEGACIES

2021 2020
£ £
Donations 26,334 22,648

continued...

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MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

3.
OTHER TRADING ACTIVITIES
Fundraising events
Rent & hiring charges
Training income
Practically Connected income
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Skills
Community
Development
Involvem't
£
£
Grants
81,448
190,971
Grants received, included in the above, are as follows:
Building Better Opportunities: Wise Steps
Big Lottery Fund: Connected Pathways
NHS England
Suez Community Trust
Trusthouse Community Trust
National Lottery Community Fund
Ballinger Trust
Virgin Money
Henry Smith Charity
Henry Smith Community Match
Covid-19 Support
Other grants		 Core
Activities
£
288,924		 2021
£
-
10,762
4,783
20,819
36,364
2021
£
95
2021
Total
activities
£
561,343
2021
£
68,211
-
69,616
-
-
113,423
-
25,000
50,000
61,725
124,353
49,015
561,343		 2020
£
4,155
54,195
12,153
63,053
133,556
2020
£
-
2020
Total
activities
£
451,097
2020
£
51,615
132,799
30,808
30,000
35,000
8,038
15,000
25,000
25,000
-
-
97,837
451,097

continued...

Page 18

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

6.
CHARITABLE ACTIVITIES COSTS
Business Development
Skills Development
Community Involvem't
Core Activities
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Project expenses
Volunteer and staff expenses
Catering and activity costs
8.
SUPPORT COSTS
Skills Development
Community Involvem't
Core Activities		 Direct
Costs (see
note 7)
£
750
75,787
146,927
105,610
329,074		 Support
costs (see
note 8)
£
-
592
1,974
127,932
130,498
2021
£
281,097
42,654
204
5,119
329,074		 Totals
£
750
76,379
148,901
233,542
459,572
2020
£
251,135
58,934
1,897
15,414
327,380
Managem't
and admin
costs
£
592
1,974
127,932
130,498

continued...

Page 19

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets
Deficit on disposal of fixed assets
Payments under operating leases
Independent Examiner's remuneration		 2021
£
16,757
-
2,423
1,890		 2020
£
5,429
149
2,423
1,890

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2021
£
297,271
17,645
8,325
323,241		 2020
£
288,549
17,602
7,709
313,860

The key management personnel, including the trustees, are listed under Reference and Administrative Details. The total employee benefits of the key management personnel were £42,144 (2020 - £62,725).

The average monthly number of employees during the year was as follows:

Engaged in charitable activities 2021
16		 2020
17

No employees received emoluments in excess of £60,000.

continued...

Page 20

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
21,777
871
Charitable activities
Business Development
-
9,500
Skills Development
938
64,279
Community Involvem't
-
211,380
Core Activities
70,000
95,000
Other trading activities
133,556
-
Other income
8,780
12,905
Total
235,051
393,935
EXPENDITURE ON
Charitable activities
Business Development
-
9,250
Skills Development
2,808
76,397
Community Involvem't
-
197,960
Core Activities
165,929
1,874
Total
168,737
285,481
NET INCOME
66,314
108,454
RECONCILIATION OF FUNDS
Total funds brought forward
113,153
38,627
TOTAL FUNDS CARRIED FORWARD
179,467
147,081		 Total
funds
£
22,648
9,500
65,217
211,380
165,000
133,556
21,685
628,986
9,250
79,205
197,960
167,803
454,218
174,768
151,780
326,548

continued...

Page 21

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

13. TANGIBLE FIXED ASSETS

Improvements
to
property
£
COST
At 1 April 2020 and 31 March 2021
122,380
DEPRECIATION
At 1 April 2020
-
Charge for year
12,238
At 31 March 2021
12,238
NET BOOK VALUE
At 31 March 2021
110,142
At 31 March 2020
122,380		 Plant and
Renewable
machinery
technologies
£
£
43,727
19,731
32,826
5,379
2,726
1,793
35,552
7,172
8,175
12,559
10,901
14,352		 Totals
£
185,838
38,205
16,757
54,962
130,876
147,633

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Prepayments and accrued income		 2021
£
10,998
10,512
21,510		 2020
£
9,026
1,535
10,561

continued...

Page 22

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2021
£
5,441
5,447
1,650
154,142
166,680		 2020
£
5,638
5,137
2,936
82,784
96,495

Deferred Income

Included within Accruals and Deferred Income are the following amounts comprising income received in advance of delivery of the related services or expenditure incurred.

Balance at 1 April 2020
Released to income from charitable activities
Amount deferred in year
Balance at 31 March 2021		 £
77,773
(74,479)
145,992
149,286

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
In more than five years		 2021
£
1,755
5,819
-
7,574		 2020
£
2,423
6,401
1,173
9,997

continued...

Page 23

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
34,212
Current assets
324,636
Current liabilities
(54,704)
304,144
18.
MOVEMENT IN FUNDS
At 1/4/20
£
Unrestricted funds
General fund
179,467
Restricted funds
Capital grants
107,934
Winter Pressures
1,500
Connected Kids
1,833
BBO - Wise Steps
-
NHS England
20,000
National Lottery Community Fund
5,000
Other restricted funds
10,814
147,081
TOTAL FUNDS
326,548		 Restricted
funds
£
96,664
213,664
(111,976)
198,352
Net
movement
in funds
£
133,071
(11,270)
2,214
(3,216)
10,025
23,221
23,646
(1,743)
42,877
175,948		 2021
Total
funds
£
130,876
538,300
(166,680)
502,496
Transfers
between
funds
£
(8,394)
-
-
1,383
-
-
-
7,011
8,394
-		 2020
Total
funds
£
147,633
275,410
(96,495)
326,548
At
31/3/21
£
304,144
96,664
3,714
-
10,025
43,221
28,646
16,082
198,352
502,496

continued...

Page 24

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Capital grants
Winter Pressures
Connected Kids
BBO - Wise Steps
NHS England
National Lottery Community Fund
Covid-19 Support
Other restricted funds
TOTAL FUNDS		 Incoming
resources
£
168,740
-
4,000
13,561
68,211
69,616
88,423
188,174
34,795
466,780
635,520		 Resources
Movement
expended
in funds
£
£
(35,669)
133,071
(11,270)
(11,270)
(1,786)
2,214
(16,777)
(3,216)
(58,186)
10,025
(46,395)
23,221
(64,777)
23,646
(188,174)
-
(36,538)
(1,743)
(423,903)
42,877
(459,572)
175,948

Page 25

continued...

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Capital grants
Winter Pressures
Connected Kids
BBO - Wise Steps
Big Lottery - Connected Pathways
Power to Change
NHS England
National Lottery Community Fund
Other restricted funds
TOTAL FUNDS		 At 1/4/19
£
113,153
14,808
3,500
2,331
11,395
4,462
500
-
-
1,631
38,627
151,780		 Net
movement
in funds
£
66,314
93,126
(2,000)
(498)
(11,395)
(4,462)
(500)
20,000
5,000
9,183
108,454
174,768		 At
31/3/20
£
179,467
107,934
1,500
1,833
-
-
-
20,000
5,000
10,814
147,081
326,548

Page 26

continued...

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Capital grants
Winter Pressures
Connected Kids
BBO - Wise Steps
Big Lottery - Connected Pathways
Power to Change
NHS England
National Lottery Community Fund
Other restricted funds
TOTAL FUNDS		 Incoming
resources
£
235,051
95,000
1,500
26,392
51,634
133,064
(500)
30,808
8,038
47,999
393,935
628,986		 Resources
Movement
expended
in funds
£
£
(168,737)
66,314
(1,874)
93,126
(3,500)
(2,000)
(26,890)
(498)
(63,029)
(11,395)
(137,526)
(4,462)
-
(500)
(10,808)
20,000
(3,038)
5,000
(38,816)
9,183
(285,481)
108,454
(454,218)
174,768

The Capital Grants Fund represents the fixed assets of the charity which were acquired using grant funding, annual depreciation on those assets is charged to this fund.

Other restricted funds comprise the income and expenditure on specific projects as detailed in the fund name.

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

continued...

Page 27

MEADOW WELL CONNECTED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

20. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Interest received
(Increase)/decrease in debtors
Increase in creditors
Net cash provided by operations		 2021
£
175,948
16,757
-
(95)
(10,949)
70,185
251,846		 2020
£
174,768
5,429
149
-
12,326
47,638
240,310

21.. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/20 Cash flow At 31/3/21
£ £ £
Net cash
Cash at bank and in hand 264,849 251,941 516,790
264,849 251,941 516,790
Total 264,849 251,941 516,790

22. LEGAL STATUS

Meadow Well Connected is a company limited by guarantee, registered in England and Wales and has no share capital. The company's registered number and registered office address can be found within Reference and Administrative Details.

The liability of the members is limited. Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up while s/he is a member or within one year after s/he ceases to be a member, for payment of the company's debts and liabilities contracted before s/he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories themselves.

Page 28

MEADOW WELL CONNECTED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Fundraising events
Rent & hiring charges
Training income
Practically Connected income
Investment income
Deposit account interest
Charitable activities
Grants
Other income
Other income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Project expenses
Volunteer and staff expenses
Catering and activity costs
Support costs
Managem't and admin costs
Wages
Carried forward		 2021
£
26,334
-
10,762
4,783
20,819
36,364
95
561,343
11,384
635,520
260,099
13,728
7,270
42,654
204
5,119
329,074
37,172
37,172		 2020
£
22,648
4,155
54,195
12,153
63,053
133,556
-
451,097
21,685
628,986
233,232
11,853
6,050
58,934
1,897
15,414
327,380
55,317
55,317

This page does not form part of the statutory financial statements

Page 29

MEADOW WELL CONNECTED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Managem't and admin costs
Brought forward
Social security
Pensions
Insurance
Heat, light and water
Telephone
Postage and stationery
Sundries
Staff and volunteer costs
IT costs
Professional fees
Repairs and renewals
Advertising
Depreciation of tangible fixed assets
Loss on disposal of tangible fixed assets
Total resources expended
Net income		 2021
£
37,172
3,917
1,055
3,118
17,754
5,478
1,800
1,991
2,836
4,274
15,868
18,391
87
16,757
-
130,498
459,572
175,948		 2020
£
55,317
5,749
1,659
2,415
15,798
10,593
2,220
2,414
4,582
5,941
3,833
9,436
1,303
5,429
149
126,838
454,218
174,768

This page does not form part of the statutory financial statements

Page 30