**REGISTERED COMPANY NUMBER: 03433217 REGISTERED CHARITY NUMBER: 1070839**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
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FOR
MEADOW WELL CONNECTED
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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 2022**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 12|
|**Independent Examiner's Report**|13|
|**Statement of Financial Activities**|14|
|**Balance Sheet**|15 to 16|
|**Cash Flow Statement**|17|
|**Notes to the Financial Statements**|18 to 31|
|**Detailed Statement of Financial Activities**|32 to 33|
## **MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
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 2022. 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 in 2020-21 and was reviewed again in 2021-22 to ensure our vision, mission and values were fit for purpose. Our updated Strategic Business Plan was published in 2021-23 which confirmed the following vision, mission, and values:
**Our Vision:** A thriving community that's a great place to live, work and play.
**Our Mission:** To work positively with local people to achieve our shared vision.
**Our Core Values:** 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 - to develop a sense of ownership of Meadow Well Connected amongst residents through creative engagement, e.g., events, outreach work, community-led activities.
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 resilience of residents.
## **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.
Page 1
**MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **OBJECTIVES AND ACTIVITIES - continued**
Current programmes are in four key areas: Community Involvement, Skills Development, Well-being, and Organisational Development. They include environmental and horticultural skills development through volunteering and traineeships in our extensive gardens; debt and money management support; alcohol reduction programmes; digital and employability support using our IT suite; health and wellbeing initiatives to improve the mental and physical health of local people; affordable after-school provision to support children aged 5-13 and help their parents manage work commitments; a number of community-led workshops and activities; horticulture, joinery and enrichment 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 service we provide. We undertake continuous contact with local people through focus groups, door-knocking, and surveys. In November 2021 we commissioned an independent community consultation which received over 200 responses from local households. The report demonstrated a large increase in awareness of Meadow Well Connected since our previous community consultation which was undertaken in 2018 and highlighted the priorities for local people around:
- More things for children and young people to do
- Better access to green spaces and environmental concerns
- Improved marketing of our services
We have developed responses to these findings which will be implemented in 2022-23.
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.
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, Sage, TLW Solicitors, Tesco Extra North Shields, JTF Wholesalers, Lord Tool Hire, Jesmond Tree Surgeons, and Azure Garden Centre.
During 2021-22 we worked collaboratively with VODA and the Yes We Can Community C.I.C. to develop a programme of collaborative leadership which is funded by North Tyneside Council and is called Leaders Together. The programme will run over 12 months and aims to create a shared culture of collaborative leadership in North Tyneside. The programme involves:
- Hosting and sharing
- Learning and reflecting
- Connecting and being
Page 2
**MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **OBJECTIVES AND ACTIVITIES - continued**
## **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**
## **Pilotlight Programme**
We were delighted to have been chosen to receive an award from Garfield Weston Foundation which enabled us to take part in a yearlong Pilotlight Programme starting in October 2020. Due to the pandemic the programme was delivered remotely but enabled our senior team, trustees, staff and volunteers to engage in the process which works collaboratively to consider the strategic, developmental and governance challenges we face and enables us to access mentoring and support from experienced senior staff from the private sector.
A clear plan was determined with input from staff and trustees and Pilotlight steered us through the project whilst the Pilotlighters gave challenge and suggestions as to how we can move the organisation positively with their support.
## **Project aims:**
|**Area of**
**Focus**|**Project Aim**|**Success for the Pilotlight**
**Project**|**What does success look like for**
**MWC**|
|---|---|---|---|
|**Facilities**|- To support MWC in
exploring the
different facilities
that MWC has and
which should be
prioritised.|- For MWC to be clear
about how to prioritise
the different assets and
how to take it forward.|- Ideas generated, reviewed and
prioritised.
- Strategic Business Cases
considered for longlist.
- Outline Business Cases
produced in draft for viable
service offers.|
|**Partners**|- To help MWC
develop a framework
for creating future
partnerships.|- For MWC to
understand who its key
stakeholders are and
which of those
stakeholders are a
priority|- Clear stakeholder map produced
with clear RAG rating for
priority and responsibilities.
- Partner engagement
development plan produced
linked to achievement of our
charitable objects and relevant
service extensions.|
|**Strategy**|- To support MWC in
finding the best way
to effectively engage
the community.|- For MWC to have a
plan about how to
effectively engage the
community both on the
Board and generally.|- Community board models
reviewed.
- Clear, deliverable community
engagement plan prepared and
implemented by Summer 2021.|
The programme ended in October 2021 and our Chair of Trustees and Chief Officer were delighted to be invited to attend an awards celebration at Fortnum & Mason in London where a further unrestricted grant of £5,000 was given to all the award winners.
Page 3
**MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **ACHIEVEMENT AND PERFORMANCE - continued**
## **Our Projects and Services**
## Supported Volunteers
Our Supported Volunteer programme is designed to offer opportunities to local people who want to contribute by volunteering but need some extra support to ensure they can manage their volunteering and to improve their wellbeing as a result. The Supported Volunteers Project was made possible by funding from The National Lottery Community Fund Reaching Communities Grant and will end in May 2022.
## Wise Steps
We are delivery partners of Phase 3 of the Wise Steps project which is managed by Wise Group. The project runs until February 2023 and seeks to provide bespoke support to individuals who are struggling with complex life challenges. Wise Steps Coaches work with the individual to explore ways to address these challenges and activities to improve their confidence and wellbeing. This project is part of a partnership programme managed by Wise Group and funded by European Social Fund and the National Lottery Community Fund.
## Steps to Employment and Building Brighter Futures Consortium - ESF Funded
A partnership consortium led by North Tyneside Council to provide employability support to people aged 18+ in North Tyneside.
## Connected Kids Club and Mini Kids
We have been offering an affordable after-school club for children aged 8-13 for over 10 years. Thanks to funding from the Holiday Activities Fund we were able to provide summer holiday provision for younger children aged 5-7 in our Mini Kids Club. This proved to be extremely popular and as a result we funded a term-time Mini Kids Club from September 2021. Funding has been secured to continue this in 2022-23. Connected Kids Club was supported by Bernicia Foundation in 2021-22. During the year we have provided over 9,750 combined hours of activities to 136 individual children in Connected Kids Club and 2,430 hours to 55 individual children to Mini Kids Club.
## Positive Pathways
Our Positive Pathways group meets twice a week led by group members and kindly supported by TLW Solicitors who provide support for refreshments, trips, and activities. The group provides a friendly space where people can meet, make friends, and reduce social isolation. During the year 45 individuals attended over 800 times, equivalent to 2,397 hours of time spent together.
## Well Together
Well Together is our health & wellbeing project which includes specialist support for those with alcohol dependency. This programme is funded by the North Tyneside NHS CCG VCSE Large Grant Programme until October 2022. The programme includes a wide range of activities to support and improve the physical and mental wellbeing of residents.
During 2021-22 we supported 264 individuals to enjoy a range of activities such as yoga, sing together, chairbased exercise, beekeeping sessions, walking group and much more. We continued to provide telephone support for those who were anxious about face-to-face contact.
Page 4
**MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **ACHIEVEMENT AND PERFORMANCE - continued**
- NE Local Enterprise Partnership Community Garden
We successfully secured capital grant funding from the NE Local Enterprise Partnership to enable us to undertake some major structural improvements to the garden including:
- Laying a wildflower meadow
- Planting over 400 trees
- Renewing 70 raised beds
- Relaying many paths
- Re-skinning our main poly tunnel
- Refurbishing our pond
- Planting new species to attract insects
- Creating a new outdoor classroom and cooking area
We were supported to deliver this ambitious project by our existing volunteers, groups of volunteers from Capita and other businesses and pro bono support from Capita and Premier Partners.
## Digital Support
We offer access to our IT Suite so residents can manage their online life including their Universal Jobsmatch Account and other job-seeking activities. We support people to gain digital skills and create an action plan to make small steps towards improving their circumstances.
We have supported people to access digital equipment such as tablets and SIM cards to increase their connectivity with family, friends, and other online opportunities. 170 individuals were supported this year.
We have completed the work to fit-out our new DigiSuite with extra technology to enable people to learn coding and music technology.
## Community Development
We have continued to understand the needs of our community through our Community Development Coordinator. 273 individuals benefitted from activities such as our seasonal activities (Santa Letters/Visits and Easter Trail), trips, guitar group, woodworking group and community-led groups. In addition, we were able to offer a family friendly autumn and Christmas fair which were visited by over 500 people.
## **Capital improvements**
Several capital improvements took place during 2021-22 including the refurbishment of the café kitchen and seating area.
In addition, thanks to support from Capita and Tarmac we were able to resurface the car park to the front of the building at a much-reduced price.
We have secured funding through a successful crowdfund campaign to create a new picnic area which will be completed in 2022-23.
Page 5
**MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **ACHIEVEMENT AND PERFORMANCE - continued**
## **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.
We took part in a programme to better understand the barriers to health and mental wellbeing with support from North of Tyne Combined Authority and Carnegie Foundation.
## **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 and Sage Foundation are 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.
The Bay Foodbank - 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 have attracted new tenants including United Response and NT Recovery College and are exploring ways of working together for mutual benefit. KLX Dance Studio and 1st Meadowwell Scouts continue to base themselves in the centre. We have also been working with Success4All to provide STEM activities for children aged 5-7 once a week during term time.
Changing Lives continue to base their Recovery Café in the centre on a Friday morning.
We have continued to build positive relationships with Phoenix Detached Youth Project (PDYP) and Cedarwood Trust. During the year various 'Community Voice' meetings were hosted jointly to understand how we can work to support the needs of our community together. As a result, we have developed a Street Play Project in partnership with PDYP which will be piloted in 2022-23. We have also worked together to develop an expression of interest to obtain a decommissioned metro carriage which we have been invited to Stage 2 in 2022-23.
We are planning several Platinum Jubilee related activities jointly with Cedarwood Trust which will culminate with a joint garden party in May 2022.
Page 6
**MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **ACHIEVEMENT AND PERFORMANCE - continued**
## **Funders:**
We would like to thank all our funders and supporters for the generosity they have shown us in 2021-22, including:
National Lottery Community Fund (formerly The Big Lottery Fund) Wise Steps: Building Better Opportunities Fund [National Lottery Community Fund/European Social Fund] NE Local Enterprise Partnership Henry Smith Charity Virgin Money Foundation Dept of Ed Holiday Activities Fund Ballinger Trust Bernicia Foundation North Tyneside NHS CCG North Tyneside Council Community Foundation Garfield Weston 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.
Over the year we have had the benefit of the unyielding support of fifty-five 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. Despite various restrictions relating to the ongoing pandemic, we still benefitted from 3,878 hours of volunteer time.
We are very grateful to all our clients, volunteers, staff and supporters for their hard work, commitment, and adaptability during 2021-22.
## **FINANCIAL REVIEW**
The 2021/22 financial year saw a growth of overall income (£71.1k) and expenditure (£97.4k) from the previous financial year, due in part to new project development and funding for our work responding to needs arising from the impact of the pandemic.
At year end, we achieved a surplus of £215.1k (2020/21 - £133.1k) on the general unrestricted fund, a better position than budgeted for due to additional income and reduced core costs. Reserves amounted to £652.2k (2020/21 - £502.5k) of which £140.8k (2020/21 - £198.4k) were restricted and a further £210.5k (2020/21 - £nil) were designated by the trustees.
Included within unrestricted general funds is an amount of £57.5k (2021 - £34,2k) which is represented by illiquid assets; the free reserves of the charity (after allowing for restricted, designated and committed amounts total £243.4k (2020/21 - £269.9).
Page 7
**MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **FINANCIAL REVIEW - continued**
In response to the Covid-19 pandemic, the trustees have prepared forecasts for 2021-2023 to consider the potential impact on MWC of possible scenarios on funding, alongside measures that can be taken to mitigate these. Based on these assessments and the current reserves position, the trustees have concluded they can continue to adopt the going concern basis in preparing the annual report and financial statements.
## **Reserves policy**
Meadow Well Connected is currently dependent on grant income to sustain its activities, as earned income alone would not currently allow MWC to continue operating. This means that if there were to be a gap in grant income it is likely that MWC would have to close.
To avoid closure if funding difficulties were to happen the MWC Board has agreed to keep a certain level of financial reserves to ensure that main operations can continue for a period of 12 months.
The main concerns of the Board are to ensure:
- That staff can continue working, primarily to secure new funding.
- That service users are supported to move on to other appropriate services.
## **FUTURE PLANS**
## **Improvement focus for 2022-23**
- Further financial stability and new sources of funding and income generation from garden and café.
- To be more inclusive towards working members of the community looking at hours and service offers.
- To further enhance the garden offer to ensure we are optimising our most substantive asset.
- Form new partnerships for mutual benefit and joint bidding for funding.
- To further develop our plans for achieving net zero.
## **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 25 March 2022.
Page 8
**MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT - continued**
## **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 stepped down as Chair in November 2021, and Marjory Burdis was appointed to the role of Chair in addition to her role as Finance Chair. During the year, sadly one of our resident trustees, Ian Taws passed away, but a new resident trustee was appointed to the board in March 2022 - Traci Malthus. We welcomed two further trustees - Wendy Hodgson and David Slater in October 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 six professionals make up the rest of the board bringing skills in finance, commercial activity, governance, education, the charitable sector, health, and research.
## **Induction and training of new trustees**
All staff, volunteers and Trustees undergo an induction upon commencement at the Centre which includes:
- A health and safety and safeguarding induction.
- Understanding of our mission, objectives and aims along with our values and the ethos and culture that makes us who we are and what we do.
- A guided tour and brief induction in each provision
- A DBS check.
- Completion of online adult and children safeguarding offered by NTSCB.
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.
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 from their time volunteering, supported in accessing additional services and provisions and that their work has mutual benefit for the individual and the organisation. Our Volunteer Coordinator, who was appointed in March 2020, we have further developed our volunteer offer to ensure volunteers are fully trained and vetted in relation to our safeguarding procedure. During 2021-22, we recruited 29 new volunteers and had support from 55 individuals across the organisation.
## **Key management remuneration**
Salary and other benefits payable to key management personnel are benchmarked against comparable roles with other organisations in the voluntary sector.
Page 9
## **MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT - continued**
## **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.
In total there are 20 staff members (15.8FTE), with 1.9 directly funded through the Wise Steps Project and the remainder funded through a combination of project and core income. During 2021-22 we supported 7 Kickstart staff to undertake a 6-month, government funded work placement. We have been able to offer part time work to 2 of the 7 candidates and 2 remaining Kickstarters will complete their placements in 2022-23.
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 2021-22, trustees considered the ongoing risks to the organisation and agreed to establish a Safeguarding and Risk Management Committee and terms of reference were agreed during the year. The committee will begin meeting early in 2022-23. The purpose of the Safeguarding and Risk Management Committee is to scrutinise, monitor and advise on matters relating to our policy for safeguarding vulnerable adults and children and to ensure our non-financial risk management is effective and up to date.
## **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.
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**MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **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**
Unity Trust Bank PLC, Nine Brindley Place, Birmingham, B1 2HB
## **Directors and Trustees**
Mr B J Austin - Outgoing Chair (retired 30 November 2021) Ms M E Burdis - Chair Mrs C Calbraith (appointed 3 October 2022) Miss K L Forbes Ms W Hodgson (appointed 26 October 2021) Ms W King Ms T Malthus (appointed 15 March 2022) Ms A M T McCann Ms E A Robson Mr D C Slater (appointed 26 October 2021, retired 26 July 2022) Mr I Taws (deceased 21 September 2021)
## **Key Management Personnel**
Ms M Cresswell - Chief Officer
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## **MEADOW WELL CONNECTED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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 20 September 2022 and signed on its behalf by:
Ms M E Burdis, Chair
Page 12
## **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 2022.
## **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
4 October 2022
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## **MEADOW WELL CONNECTED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
24,585
**Charitable activities**
Skills Development
-
Community Involvement
-
Core Activities
85,250
Other trading activities
3
139,419
Investment income
4
196
Other income
9,597
**Total**
259,047
**EXPENDITURE ON**
**Charitable activities**
6
Business Development
-
Skills Development
-
Community Involvement
5,612
Core Activities
38,297
**Total**
43,909
**NET INCOME/(EXPENDITURE)**
215,138
**Transfers between funds**
18
(7,913)
**Net movement in funds**
207,225
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
304,144
**TOTAL FUNDS CARRIED FORWARD**
511,369|Restricted
funds
£
1,045
107,282
271,533
56,541
-
-
11,178
447,579
-
126,754
320,938
65,360
513,052
(65,473)
7,913
(57,560)
198,352
140,792|2022
Total
funds
£
25,630
107,282
271,533
141,791
139,419
196
20,775
706,626
-
126,754
326,550
103,657
556,961
149,665
-
149,665
502,496
652,161|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|
The notes form part of these financial statements
Page 14
## **MEADOW WELL CONNECTED (REGISTERED NUMBER: 03433217)**
## **BALANCE SHEET 31 MARCH 2022**
|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
Designated funds
Restricted funds
**TOTAL FUNDS**|2022
£
173,829
22,810
601,593
624,403
(146,071)
478,332
652,161
652,161
300,869
210,500
511,369
140,792
652,161|2021
£
130,876
21,510
516,790
538,300
(166,680)
371,620
502,496
502,496
304,144
-
304,144
198,352
502,496|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 15
continued...
## **MEADOW WELL CONNECTED (REGISTERED NUMBER: 03433217)**
## **BALANCE SHEET - continued 31 MARCH 2022**
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 20 September 2022 and were signed on its behalf by:
Ms M E Burdis, Chair
The notes form part of these financial statements
Page 16
## **MEADOW WELL CONNECTED**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022**
|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 (used in)/provided by 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**|2022
£
147,498
147,498
(62,891)
196
(62,695)
84,803
516,790
601,593|2021
£
251,846
251,846
-
95
95
251,941
264,849
516,790|
|---|---|---|
The notes form part of these financial statements
Page 17
**MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **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.
The presentation currency of the financial statements is the Pound Sterling (£).
## **Going Concern**
The financial statements are prepared on the going concern basis. In the opinion of trustees, no material uncertainties exist about the charity's ability to continue.
## **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.
continued...
Page 18
**MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **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**
|**DONATIONS AND LEGACIES**|||
|---|---|---|
||2022|2021|
||£|£|
|Donations|25,630|26,334|
continued...
Page 19
**MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
|**3.**
**OTHER TRADING ACTIVITIES**
Rent & hiring charges
Training income
Practically Connected income
Café sales
**4.**
**INVESTMENT INCOME**
Deposit account interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Skills
Community
Development Involvement
£
£
Grants
107,282
271,533
Grants received, included in the above, are as follows:
Building Better Opportunities: Wise Steps
NHS England
National Lottery Community Fund
Ballinger Trust
Virgin Money
Henry Smith Charity
Henry Smith Community Match
Covid-19 Support
Kickstart
NTC Holiday Activities and Food
NE LEP
Other grants|Core
Activities
£
141,791|2022
£
30,340
8,140
84,914
16,025
139,419
2022
£
196
2022
Total
activities
£
520,606
2022
£
64,262
87,993
96,462
15,000
15,000
50,000
20,575
16,861
34,593
17,274
47,179
55,407
520,606|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
-
-
7,433
41,582
561,343|
|---|---|---|---|
continued...
Page 20
## **MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
|**6.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs (see
note 7)
£
Skills Development
106,195
Community Involvement
271,819
Core Activities
22,551
400,565
**7.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Project expenses
Volunteer and staff expenses
Catering and activity costs
**8.**
**SUPPORT COSTS**
Skills Development
Community Involvement
Core Activities
**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 including irrecoverable VAT|Support
costs (see
note 8)
Totals
£
£
20,559
126,754
54,731
326,550
81,106
103,657
156,396
556,961
2022
2021
£
£
324,857
281,097
58,811
42,654
1,961
204
14,936
5,119
400,565
329,074
Management
and admin
costs
£
20,559
54,731
81,106
156,396
2022
2021
£
£
19,055
16,757
883
-
1,755
2,423
1,920
1,890|
|---|---|
|||
continued...
Page 21
**MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **11. STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
|Wages and salaries
Social security costs
Other pension costs|2022
£
339,882
19,559
8,653
368,094|2021
£
297,271
17,645
8,325|
|||323,241|
The key management personnel, including the trustees, are listed under Reference and Administrative Details. The total employee benefits of the key management personnel were £43,237 (2021 - £42,144).
The average monthly number of employees during the year was as follows:
|Engaged in charitable activities|2022
20|2021
16|
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
Page 22
**MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
19,834
6,500
**Charitable activities**
Skills Development
6,063
75,385
Community Involvement
-
190,971
Core Activities
101,500
187,424
Other trading activities
34,031
2,333
Investment income
95
-
Other income
7,217
4,167
**Total**
168,740
466,780
**EXPENDITURE ON**
**Charitable activities**
Business Development
-
750
Skills Development
3,417
72,962
Community Involvement
-
148,901
Core Activities
32,252
201,290
**Total**
35,669
423,903
**NET INCOME**
133,071
42,877
**Transfers between funds**
(8,394)
8,394
**Net movement in funds**
124,677
51,271
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
179,467
147,081
**TOTAL FUNDS CARRIED**
**FORWARD**
304,144
198,352|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|
continued...
Page 23
## **MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **13. TANGIBLE FIXED ASSETS**
|Improvements
to
property
£
**COST**
At 1 April 2021
122,380
Additions
62,891
Disposals
-
At 31 March 2022
185,271
**DEPRECIATION**
At 1 April 2021
12,238
Charge for year
15,437
Eliminated on disposal
-
At 31 March 2022
27,675
**NET BOOK VALUE**
At 31 March 2022
157,596
At 31 March 2021
110,142|Plant and
Renewable
machinery technologies
£
£
43,727
19,731
-
-
(6,385)
-
37,342
19,731
35,552
7,172
1,825
1,793
(5,502)
-
31,875
8,965
5,467
10,766
8,175
12,559|Totals
£
185,838
62,891
(6,385)
242,344
54,962
19,055
(5,502)
68,515
173,829
130,876|
|---|---|---|
## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Prepayments and accrued income|2022
£
15,322
7,488
22,810|2021
£
10,998
10,512|
|---|---|---|
|||21,510|
continued...
Page 24
**MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income|2022
£
8,716
5,574
1,994
129,787
146,071|2021
£
5,441
5,447
1,650
154,142
166,680|
|---|---|---|
## **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 2021
Released to income from charitable activities
Amount deferred in year
Balance at 31 March 2022|£
149,286
(147,633)
122,584
124,237|
|---|---|
## **16. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years|2022
£
1,755
4,271
6,026|2021
£
1,755
5,819
7,574|
|---|---|---|
## **17. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Unrestricted
funds
£
Fixed assets
57,460
Current assets
488,613
Current liabilities
(34,704)
511,369|Restricted
funds
£
116,369
135,790
(111,367)
140,792|2022
Total
funds
£
173,829
624,403
(146,071)
652,161|2021
Total
funds
£
130,876
538,300
(166,680)
502,496|
|---|---|---|---|
Page 25
continued...
## **MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **18. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Designated funds
**Restricted funds**
Capital grants
Winter Pressures
BBO - Wise Steps
NHS England
National Lottery Community Fund
NE LEP Garden
Other restricted funds
**TOTAL FUNDS**|At 1/4/21
£
304,144
-
304,144
96,664
3,714
10,025
43,221
28,646
-
16,082
198,352
502,496|Net
movement
in funds
£
215,138
-
215,138
(11,194)
(3,714)
(10,025)
(43,221)
(20,608)
30,899
(7,610)
(65,473)
149,665|Transfers
between
funds
£
(218,413)
210,500
(7,913)
30,899
-
-
-
-
(30,899)
7,913
7,913
-|At
31/3/22
£
300,869
210,500
511,369
116,369
-
-
-
8,038
-
16,385
140,792
652,161|
|---|---|---|---|---|
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
NTC Holiday Activities and Food
Kickstart
NE LEP Garden
Other restricted funds
**TOTAL FUNDS**|Incoming
resources
£
259,047
-
-
22,611
64,262
88,182
96,462
42,770
17,274
34,593
47,179
34,246
447,579
706,626|Resources
Movement
expended
in funds
£
£
(43,909)
215,138
(11,194)
(11,194)
(3,714)
(3,714)
(22,611)
-
(74,287)
(10,025)
(131,403)
(43,221)
(117,070)
(20,608)
(42,770)
-
(17,274)
-
(34,593)
-
(16,280)
30,899
(41,856)
(7,610)
(513,052)
(65,473)
(556,961)
149,665|
|---|---|---|
Page 26
continued...
**MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **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
NHS England
National Lottery Community Fund
Other restricted funds
**TOTAL FUNDS**|At 1/4/20
£
179,467
107,934
1,500
1,833
-
20,000
5,000
10,814
147,081
326,548|Net
movement
in funds
£
133,071
(11,270)
2,214
(3,216)
10,025
23,221
23,646
(1,743)
42,877
175,948|Transfers
between
funds
£
(8,394)
-
-
1,383
-
-
-
7,011
8,394
-|At
31/3/21
£
304,144
96,664
3,714
-
10,025
43,221
28,646
16,082
198,352
502,496|
|---|---|---|---|---|
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
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|
|---|---|---|
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.
continued...
Page 27
**MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **18. MOVEMENT IN FUNDS - continued**
Other restricted funds comprise the income and expenditure on specific projects, further detail is provided below.
## **BBO - Wise Steps**
Funding to support initial employment and development of staff.
## **NHS England**
The promotion of health and wellbeing for residents in the short, medium and long term through the development of positive lifestyle behaviours.
## **National Lottery Community Fund**
Funding for the Connected Community Project
## **Kickstart**
A national scheme funded by the DWP to help provide six months of paid employment for young people aged 16-24.
## **NE LEP Garden**
The North East Local Enterprise Partnership has funded the Meadow Well Community Garden Regeneration and Learning Project, including £30,899 of capital costs in accordance with the funding agreement and the charity's accounting policies.
continued...
Page 28
**MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **18. MOVEMENT IN FUNDS - continued**
**Designated Funds** The trustees have set aside the following amounts out of unrestricted funds to provide for future expenditure as follows.
|**Project Development & Innovation Fund**
A project development fund to support new initiatives and unforeseen activities which
will strengthen MWC.
**Repairs and Renewals Fund**
To cover the cost of ongoing repairs and renewals to the building and IT equipment.
**Maternity/Paternity Cover Fund**
To meet the additional costs of maternity/paternity pay and cover.
**Organisational Development Fund**
To provide opportunities for staff to undertake training and other personal development
which will benefit the organisation.
**Café Development Fund**
To cover the cost of a more experienced person to drive forward the community café offer
in 2022 - 12 months trial period (to include salary, on costs and some promotion/offers).
**Garden Development Fund**
To provide a fund to explore and develop the garden and services related to the garden
for the benefit of local people.
**Community Chest**
A fund available to local people to develop their own ideas and initiatives which benefit
the local community.
**Redundancy Fund**
To meet the costs of redundancy which may result from restructures or funding streams
ending.|£
35,000
12,000
41,500
11,000
25,000
33,500
10,000
42,500
210,500|
|---|---|
continued...
Page 29
**MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **19. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
## **20. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**ACTIVITIES**|||||
|---|---|---|---|---|
||||2022|2021|
||||£|£|
|**Net income for the reporting period (as per the**|**Statement of**||||
|**Financial Activities)**|||149,665|175,948|
|**Adjustments for:**|||||
|Depreciation charges|||19,055|16,757|
|Loss on disposal of fixed assets|||883|-|
|Interest received|||(196)|(95)|
|Increase in debtors|||(1,300)|(10,949)|
|(Decrease)/increase in creditors|||(20,609)|70,185|
|**Net cash provided by operations**|||147,498|251,846|
|**ANALYSIS OF CHANGES IN NET FUNDS**|||||
||At 1/4/21||Cash flow|At 31/3/22|
|||£|£|£|
|**Net cash**|||||
|Cash at bank and in hand|516,790||84,803|601,593|
|Less: Deposits treated as|||||
|liquid resources|(90,095)||(196)|(90,291)|
||426,695||84,607|511,302|
|**Liquid resources**|||||
|Deposits included in cash|90,095||196|90,291|
|Current asset investments||-|-|-|
||90,095||196|90,291|
|**Total**|516,790||84,803|601,593|
## **21. ANALYSIS OF CHANGES IN NET FUNDS**
continued...
Page 30
**MEADOW WELL CONNECTED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **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 undertakes to contribute such amount as may be required not exceeding £ to the assets of the charity in the event of its being wound up while he is a member, or within one year after he ceases to be a member, as a contribution to the debts and liabilities of the charity contracted before 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 31
**MEADOW WELL CONNECTED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Rent & hiring charges
Training income
Practically Connected income
Café sales
**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**
**Management and admin costs**
Wages
Social security
Pensions
Carried forward|2022
£
25,630
30,340
8,140
84,914
16,025
139,419
196
520,606
20,775
706,626
301,819
15,527
7,511
58,811
1,961
14,936
400,565
38,063
4,032
1,142
43,237|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
3,917
1,055
42,144|
|---|---|---|
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Page 32
## **MEADOW WELL CONNECTED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|**Management and admin costs**
Brought forward
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**|2022
£
43,237
3,388
20,810
5,884
1,971
1,115
3,663
10,782
9,562
29,049
6,997
19,055
883
156,396
556,961
149,665|2021
£
42,144
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|
|---|---|---|
This page does not form part of the statutory financial statements
Page 33