| Page | ||
|---|---|---|
| Reference and administrative | details ofthe charity, its Trustees and advisers | |
| Trustees' report |
2-5 | |
| Independent examiner's report |
||
| Statement offinancial activities | ||
| Balance sheet | 8-9 | |
| Statement ofcash flows | 10 | |
| Notes to the financial statements | 11-27 |
| Trustees | Mark Nicolas 2022) |
Harrod, | Harrod, | (Chair | until 10 September |
2022) (resigned | 10 September | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Liz Mccusker (resigned | 1 September 2021) | |||||||||
| Richard Adrian | Snell, | (Chair from 10September 2022) | ||||||||
| Andrea Marharete |
Stemmer | |||||||||
| Bryony Edith Stevens | ||||||||||
| Alan Roger Tilley | (appointed | 22 May 2021) | ||||||||
| Lynn Patricia Murphy | (appointed 10September 2022) |
|||||||||
| Company | registered | |||||||||
| number | 03648122 | |||||||||
| Charity registered | ||||||||||
| number | 1072028 | |||||||||
| Registered | office | The Edge | ||||||||
| Bolton Street | ||||||||||
| Brixham | ||||||||||
| Devon | ||||||||||
| TQ5 9DH | ||||||||||
| Company | secretary | Christine Guy |
||||||||
| Chief executive officer | Mark Nicholas | Harrod | (Chair) | |||||||
| Independent | examiners | Bishop Fleming | LLP | |||||||
| Chartered Accountants |
||||||||||
| 2nd Floor Stratus | House | |||||||||
| Emperor Way | ||||||||||
| Exeter Business Park | ||||||||||
| Exeter | ||||||||||
| EX13QS | ||||||||||
| Bankers | Barclays Bank | pic | ||||||||
| 39/40 Fleet Street | ||||||||||
| Torquay | ||||||||||
| TQ2 5DL | ||||||||||
| Solicitors | Brixlaw Ltd | |||||||||
| 3 Bolton Street | ||||||||||
| Brixham | ||||||||||
| TQ5 9DA |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| Note | 2022 F |
2022f | 2022 F |
2021 | ||
| Income from: | ||||||
| Donations, legacies |
and grants | 23,138 | 22,951 | 46,089 | 410,926 | |
| Charitable activities |
87,235 | 149,407 | 236,642 | 195,226 | ||
| Other trading activities |
69,987 | 69,987 | 34,882 | |||
| Other income | 8,269 | 8,269 | 34,216 | |||
| Total income | 188,629 | 172,358 | 360,987 | 675,250 | ||
| Expenditure on: |
||||||
| Charitable activities |
205,068 | 207,329 | 412,397 | 379,427 | ||
| Expenditure on raising funds |
33,186 | 33,186 | 33,688 | |||
| Total expenditure | 238,254 | 207,329 | 445,583 | 413,115 | ||
| Net (expenditure)/income | (49,625) | (34,971) | (84,596) | 262,135 | ||
| Transfers between |
funds | 18 | (13,728) | 13,728 | ||
| Net movement in funds before other |
||||||
| recognised gains |
(63,353) | (21,243) | (84,596) | 262,135 | ||
| Other recognised | gains: | |||||
| Gains on revaluation | of fixed assets | 272,972 | 272,972 | 250,000 | ||
| Net movement in funds |
209,619 | (21,243) | 188,376 | 512,135 | ||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 504,123 | 634699 | 1 138822 | 626,687 | |
| Net movement in funds |
209,619 | (21,243) | 188,376 | 512,135 | ||
| Total funds carried | forward | 713,742 | 613,456 | 1,327,198 | 1,138,822 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Fixed assets | |||||||
| Tangible assets | 14 | 1,936,870 | 1,437,354 | ||||
| 1,936,870 | 1,437,354 | ||||||
| Current assets | |||||||
| Debtors | 15 | 25,219 | 21,778 | ||||
| Cash at bank and | in hand | 89,706 | 423,667 | ||||
| 114,925 | 445,445 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 16 | (48,748) | (28,041) | ||||
| Net current assets | 66,177 | 417,404 | |||||
| Total assets less | current liabilities | 2,003,047 | 1,854,758 | ||||
| Creditors: amounts | falling due after more | ||||||
| than one year | 17 | (675,849) | (715,936) | ||||
| Net assets excluding | pension asset | 1,327,198 | 1,138,822 | ||||
| Total net assets | 1,327,198 | 1,138,822 | |||||
| Charity funds | |||||||
| Restricted funds |
18 | 613,456 | 634,699 | ||||
| Unrestricted funds |
18 | 713,742 | 504,123 | ||||
| Total funds | 1,327,198 | 1,138,822 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | |||||
| Cash flows from operating | activities | ||||
| Net cash generated/(used) | in operating | activities | (87,540) | 254,621 | |
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets |
(230,027) | (28,717) | |||
| Net cash used in investing |
activities | (230,027) | (28,717) | ||
| Cash flows from financing | activities | ||||
| Cash inflows from new borrowing | 150,000 | ||||
| Repayments of borrowing |
(16,394) | (20,641) | |||
| Net cash (used in)/provided | by financing | activities | (16,394) | 129,359 | |
| Change in cash and cash |
equivalents | in | the year | (333,961) | 355,263 |
| Cash and cash equivalents | at the beginning | ofthe year | 423,667 | 68,404 | |
| Cash and cash equivalents | at the end | of | the year | 89,706 | 423,667 |
| The notes on pages 11to 27 form part ofthese financial statements |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022f | 2022 | 2021 F |
|
| Donations | 15,363 | 1,980 | 17,343 | 19,034 |
| Grants | 7,775 | 20,971 | 28,746 | 391,892 |
| 23,138 | 22,951 | 46,089 | 410,926 | |
| TOTAL 2021 | 202,662 | 208,264 | 410,926 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022f | 2021 F |
||
| Service | charges | 26,268 | 132,042 | 158,310 | 113,573 |
| Property | income | 60,967 | 17,365 | 78,332 | 81,653 |
| 87,235 | 149,407 | 236,642 | 195,226 | ||
| TOTAL | 2021 | 84,430 | 110,796 | 195,226 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2022 | 2022 | 2021 |
| F | E | |
| 330 | 330 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 f. |
2022f | 2021 | |
| Shop income | 66,857 | 66,857 | 29,517 |
| Cafe takings | 125 | 125 | 145 |
| Room hire | 2,675 | 2,675 | 5,220 |
| 69,657 | 69,657 | 34,882 | |
| TOTAL 2021 | 34,882 | 34,882 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 f |
2022 | 2022 F |
2021 | |||
| Giff aid | 806 | 806 | 598 | |||
| Other including | Covid support | funding | 7,463 | 7,463 | 33,618 | |
| 8,269 | 8,269 | 34,216 | ||||
| TOTAL 2021 | 8,493 | 25,723 | 34,216 |
| Unrestricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | Total | Total | |||||
| 2022 | 2022 | 2022 | 2021 | |||||
| F | E | |||||||
| General | 173,770 | 173,770 | 115,216 | |||||
| Youth | Music and Music Mayhem | 25,344 | 25,344 | 12,250 | ||||
| Power | to Change | 1,039 | 1,039 | 1,048 | ||||
| Staying | Put | 30,512 | 30,512 | 32,4?6 | ||||
| Tudor Trust | 15,865 | 15,865 | 16,109 | |||||
| Access | Impact and Bounce Back | 12 | 12 | 44,456 | ||||
| Cavern | Mews | 7,342 | 7,342 | 6,666 | ||||
| Brixham | Youth Hub and Young Volunteers | 1,716 | 40,419 | 42,135 | 24,662 | |||
| Empty | Homes and Home from Hospital | 29,323 | 13,040 | 42,363 | 26,412 | |||
| Picking | up the Pieces and People's | Health | ||||||
| Trust | 4,292 | 4,292 | 7,655 | |||||
| Reach, | Carers, Edgeworks | 8 MHE | 259 | 29,067 | 29,326 | |||
| Jewson | 40,397 | 40,397 | 92,477 | |||||
| 205,068 | 207,329 | 412,397 | 379,427 | |||||
| TOTAL | 2021 | 109,965 | 269,462 | 379,427 | ||||
| Cost ofother trading activities |
||||||||
| Unrestricted | Total | Total | ||||||
| funds | funds | funds | ||||||
| 2022f | 2022 F |
2021 | ||||||
| Shop 8 | cafe - resources expended | 8,572 | 8,572 | 17,864 | ||||
| Shop - | wages and salaries | 24,279 | 24,279 | 15,318 | ||||
| Shop- | Nl | 62 | 62 | 243 | ||||
| Shop - | pension costs | 273 | 273 | 263 | ||||
| 33,186 | 33,186 | 33,688 | ||||||
| TOTAL | 2021 | 33,688 | 33,688 |
| Activities | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| undertaken | Support | Total | Total | |||||||||
| directly | costs | funds | funds | |||||||||
| 2022 | 2022f | 2022 | 2021 | |||||||||
| General | 171,435 | 2,335 | 173„770 | 115,216 | ||||||||
| Youth Music | and Music Mayhem | 25,344 | 25,344 | 12,250 | ||||||||
| Power to Change | 1,039 | 1,039 | 1,048 | |||||||||
| Staying | Put | 30,512 | 30,512 | 32,476 | ||||||||
| Tudor Trust | 15,865 | 15,865 | 16,109 | |||||||||
| Access | impact | and Bounce | Back | 12 | 12 | 44,456 | ||||||
| Cavern | Mews | 7,342 | 7,342 | 6,666 | ||||||||
| Brixham | Youth Hub and Young Volunteers | 42,135 | 42,135 | 24,662 | ||||||||
| Empty Homes | and Home | from Hospital | 42,363 | 42,363 | 26,412 | |||||||
| Picking | up the | Pieces and People's | Health | |||||||||
| Trust | 4,292 | 4,292 | 7,655 | |||||||||
| Reach, | Carers | and Edgeworks | 29,326 | 29,326 | ||||||||
| Jewson | 40,397 | 40,397 | 92,477 | |||||||||
| 410,062 | 2,335 | 412,397 | 379,427 | |||||||||
| TOTAL | 2021 | 375,844 | 3,583 | 379,427 | ||||||||
| 11. | Independent | examiner's | remuneration | |||||||||
| 2022 | 2021 | |||||||||||
| Fees payable | to the charity's | independent | examiner | for the independent | ||||||||
| examination | ofthe charity's | annual | accounts | 3,900 | 3,540 | |||||||
| 12. | Staff costs | |||||||||||
| 2022 | 2021 | |||||||||||
| F | ||||||||||||
| Wages | and salaries | 198,274 | 193,520 | |||||||||
| Social security | costs | 13,438 | 14,050 | |||||||||
| Contribution | to defined contribution |
pension | schemes | 2,631 | 8,047 | |||||||
| 214,343 | 215,617 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Employees | 12 | 13 |
| Land and | Motor | Fixtures and | ||
|---|---|---|---|---|
| buildings f |
vehicles f |
fittings | Total | |
| COST OR VALUATION | ||||
| At 1 April 2021 | 1,424,682 | 9,450 | 29,567 | 1,463,699 |
| Additions | 222,346 | 7,681 | 230,027 | |
| Revaluations | 272,972 | 272,972 | ||
| At 31 March 2022 | 1,920,000 | 9,450 | 37,248 | 1,966,698 |
| DEPRECIATION | ||||
| At 1 April 2021 | 5,842 | 20,503 | 26,345 | |
| Charge for the year | 902 | 2,581 | 3,483 | |
| At 31 March 2022 | 6,744 | 23,084 | 29,828 | |
| NET BOOK VALUE | ||||
| At 31 March 2022 | 1,920,000 | 2,706 | 14,164 | 1,936,870 |
| At 31 March 2021 | 1,424,682 | 3,608 | 9,064 | 1,437,354 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | |||
| DUE WITHIN | ONE YEAR | ||
| Trade debtors | 8,566 | 2,763 | |
| Other debtors | 717 | 465 | |
| Prepayments | and accrued income | 15,936 | 18,550 |
| 25,219 | 21,778 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Loans | 41,669 | 17,976 | |||
| Accruals | and | deferred | income | 7,079 | 10,065 |
| 48,748 | 28,041 |
| 2022 | 2021 | ||
|---|---|---|---|
| Loans | 675,849 | 715,936 | |
| Included within the above are amounts |
falling due as follows: | ||
| 2022 | 2021 | ||
| BETWEEN ONE AND TWO YEARS | |||
| Other loans | 608,874 | 50,304 | |
| BETWEEN TWO AND FIVE YEARS | |||
| Loans | 66,975 | 665,632 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Gains/ | 31 March | |||
| April 2021 | Income | Expenditure | in/out | (Losses) | 2022 | |
| F | ||||||
| UNRESTRICTE | ||||||
| D FUNDS | ||||||
| General Fund |
69,084 | 120,001 | (173,770) | (22,260) | (6,945) | |
| Cafe | 7,019 | 155 | (270) | 6,904 | ||
| Edge Works | 46,090 | (259) | 45,831 | |||
| Shop | 23,381 | 67,045 | (32,916) | 57,510 | ||
| E Homes | 20,791 | (29,323) | 8,532 | |||
| Carers | 4,645 | 4,645 | ||||
| Young | ||||||
| Volunteers | 756 | 1,428 | (1,716) | 468 | ||
| Picking up the |
||||||
| Pieces | 82,357 | 82,357 | ||||
| Revaluation | ||||||
| reserve | 250,000 | 272,972 | 522,972 | |||
| 504,123 | 188,629 | (238,254) | (13,728) | 272,972 | 713,742 | |
| RESTRICTED | ||||||
| FUNDS | ||||||
| Music Mayhem | 23,544 | (23,544) | ||||
| Power to | ||||||
| Change | 479,305 | (1,039) | 478,266 | |||
| People's Health |
||||||
| Trust | 14,654 | (4,292) | 10,362 | |||
| Reach Fund | 4,428 | (9,523) | 5,095 | |||
| Jewsons/Homes | ||||||
| England | 18,699 | 14,865 | (40,397) | 6,833 | ||
| Staying Put |
424 | 44,299 | (30,512) | 14,211 | ||
| Tudor Trust | 12,623 | 18,500 | (15,865) | 15,258 | ||
| Youth Music | (1,800) | 1,800 | ||||
| Homefrom | ||||||
| Hospital | 17,541 | 23,000 | (13,040) | 27,501 | ||
| Bounce Back | 1,163 | (12) | 1,151 | |||
| Cavern Mews |
43,334 | (7,342) | 35,992 | |||
| Access Impact | 600 | 600 | ||||
| Brixham Youth | ||||||
| Hub | 18,384 | 39,723 | (40,419) | 17,688 | ||
| Recycling | 4,971 | 4,971 | ||||
| MHE | 27,000 | (19,544) | 7,456 | |||
| Page 21 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Gains/ | 31 March | |||
| April 2021 F |
Income F |
Expenditure | in/outf | (Losses) F |
2022 E |
|
| 634,699 | 172,358 | (207,329) | 13,728 | 613,456 | ||
| TOTAL OF | ||||||
| FUNDS | 1,138,822 | 360,987 | (445,583) | 272,972 | 1,327,198 |
| Balance | at | ||||||
|---|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | 31 March | ||||
| 1 April 2020 | Income | Expenditure | in/out | (Losses) | 2021 | ||
| E | E | E | |||||
| UNRESTRICTED | |||||||
| FUNDS | |||||||
| General | (19,138) | 208,399 | (96,202) | (23,975) | 69,084 | ||
| Cafe | 6,932 | 145 | (58) | 7,019 | |||
| Edge Works | 46,090 | 46,090 | |||||
| Shop | 27,494 | 29,517 | (33,630) | 23,381 | |||
| E Homes | 25,257 | 4,777 | (9,243) | 20,791 | |||
| Carers | 4,645 | 4,645 | |||||
| Young Volunteers | 4 | 893 | (141) | 756 | |||
| Picking up the | |||||||
| Piece | 86,736 | (4,379) | 82,357 | ||||
| Property | |||||||
| Revaluation | 250,000 | 250,000 | |||||
| 91,284 | 330,467 | (143,653) | (23,975) | 250,000 | 504,123 | ||
| RESTRICTED | |||||||
| FUNDS | |||||||
| Music Mayhem | 23,044 | 500 | 23,544 | ||||
| Power to | |||||||
| Change | 480,137 | 216 | (1,048) | 479,305 | |||
| Peoples Health | |||||||
| Trust | 4,931 | 12,999 | (3,276) | 14,654 | |||
| Reach Fund | 4,428 | 4,428 | |||||
| Jewsons/Homes | |||||||
| England | 26,007 | 85,169 | (92,477) | 18,699 | |||
| Staying Put |
1,865 | 31,035 | (32,476) | 424 | |||
| Tudor Trust | 9,716 | 19,016 | (16,109) | 12,623 | |||
| Youth Music | (14,725) | 3,000 | (12,250) | 23,975 | |||
| Homefrom | |||||||
| Hospital | 34,710 | (17,169) | 17,541 | ||||
| Bounce Back | 40,819 | (39,656) | 1,163 | ||||
| Cavern Mews |
50,000 | (6,666) | 43,334 | ||||
| Access Impact | 5,400 | (4,800) | 600 | ||||
| Brixham Youth | |||||||
| Hub | 42,905 | (24,521) | 18,384 | ||||
| CJRS | 6,264 | (6,264) |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | 31 March | |||
| 1 April 2020 | Income | Expenditure | in/out | (Losses) | 2021 | |
| E | E | F | E | |||
| Coronavirus | ||||||
| Business | ||||||
| Interuption | 12,750 | (12,750) | ||||
| 535,403 | 344,783 | (269,462) | 23,975 | 634,699 | ||
| TOTAL OF | ||||||
| FUNDS | 626,687 | 675,250 | (413,115) | 250,000 | 1,138,822 |
| Analysis | of n | et assets between funds -current | year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| Tangible | fixed | assets | 1,476,199 | 460,671 | 1,936,870 |
| Current | assets | (37,860) | 152,785 | 114,925 | |
| Creditors | due | within one year | (48,748) | (48,748) | |
| Creditors | due | in more than one year | (675,849) | (675,849) | |
| TOTAL | 713,742 | 613,456 | 1,327,198 |
| Analysis | ofn | et assets between funds - prior y | ear | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2021 | 2021 | 2021 | |||
| E | E | ||||
| Tangible | fixed | assets | 973,200 | 464,154 | 1,437,354 |
| Current | assets | 274,900 | 170,545 | 445,445 | |
| Creditors | due | within one year | (28,041) | (28,041) | |
| Creditors | due | in more than one year | (715,936) | (715,936) | |
| TOTAL | 504,123 | 634,699 | 1,138,822 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Net income/expenditure for |
the | year | (as | per | Statement | of | Financial | |||
| Activities) | (84,596) | 262,135 | ||||||||
| ADJUSTMENTS FOR: | ||||||||||
| Depreciation charges |
3,483 | 2,460 | ||||||||
| Increase in debtors |
(3,441) | (17,440) | ||||||||
| Increase/(decrease) in creditors |
(2,986) | 7,466 | ||||||||
| NET CASH PROVIDED BY/(USED | IN) OPERATING ACTIVITIES | (87,540) | 254,621 | |||||||
| 21. | Analysis ofcash and cash equivalents | |||||||||
| 2022 | 2021 | |||||||||
| Cash in hand |
89,706 | 423,667 | ||||||||
| TOTAL CASH AND CASH EQUIVALENTS | 89,706 | 423,667 | ||||||||
| 22. | Analysis ofchanges in net debt |
| At 1 April | At 31 March | ||||
|---|---|---|---|---|---|
| 2021 | Cash flows | 2022 | |||
| Cash | at bank and | in hand | 423,667 | (333,961) | 89,706 |
| Debt | due within 1 |
year | (17,976) | (23,693) | (41,669) |
| Debt | due after 1 year | (715,936) | 40,087 | (675,849) | |
| (310,245) | (317,567) | (627,812) |