##
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##
##
##
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##
##
##
##
##
##
##
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##
##
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##
##
##
##
##
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##
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##
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##
##
|April 2022|Actual|Budget|Variance|Year to Date|Budget|Variance|
|---|---|---|---|---|---|---|
|Fundralslng|R38,106|f47,500|-R9,394|R356,949|R320,500|+R36,449|
|Retail|R71,938|R70,158|+R1,780|R294,585|R309,811|-R15,226|
|Therapy|R10,099|R8,336|+R1,763|R53,738|R41,680|+R12,058|
|Total|R120,143|R125,994|-R5,851|RT05,272|%671,991|+%33,281|
##
##
##
##
##
##
##
##
##
|Company
number;|3666739|3666739|3666739|||||
|---|---|---|---|---|---|---|---|
|Charity number:|1073238/ SC039137(Scotland)|||||||
|Registered office:|Marsh Lane
Huntworth
Gate|||||||
||Bridgwater|||||||
||Somerset|||||||
||TA6 6LQ|||||||
|Trustees:|Trustees, who are|also directors||under|company||law, who|
||served during the|year and up||to the|date of this||report|
||were as follows:|||||||
||Martin Jackson —resigned||(as|Chair) 3March 2022||||
||Andrew
Hannam|(Chair)|—appointed||Chair 3March 2022|||
||Richard Adams (Vice Chair)|||||||
||Mike Giblin|||||||
||Barrie Crow|||||||
||Dr Stuart Wells|||||||
||David Mowat|||||||
||Matthew
Locke|||||||
||Glenys Taylor —appointed||30September|||2021||
||Caryn Musker —resigned||15Jtsly 2021|||||
|Bankers;|Lloyds Bank PLC|||||||
||25 Cornhil|||||||
||Bridgwater|||||||
||Somerset TA3 3AY|||||||
|Solicitors:|Foot Anstey
LLP|||||||
||The Quad|||||||
||Blackbrook Avenue|||||||
||Blackbrook Business Park|||||||
||Taunton|||||||
||Somerset|||||||
||TA1 2PX|||||||
|Solicitors (contd,);|Andrew
Rugg|||||
|---|---|---|---|---|---|
||5 Hammet Street|||||
||Taunton|||||
||Somerset TAI
I RZ|||||
|Auditors:|PKF Francis Clark LLP|||||
||Ground
Foor|||||
||Blackbrook Gate
I|||||
||Blackbrook Business|Park||||
||Taunton|||||
||TAI 2PX|||||
|President:|Her Royal Mighness|The Countess of Wessex GCVO||||
|Vice Presidents:|The Rt Mon The Lord|King of|Bridgwater,||CH|
||Major General
Sir Christopher||Airy,|KCVO, CBE||
||Dame Jane Whiteley,
DBE|||||
||Lady Gass, DCVO|||||
|Patrons:|The Lady Fellowes of West Stafford|||LVO||
||The Lord Fellowes of West Stafford|||DL||
||Sir Ranulph
Fiennes,|BtOBE||||
||Dr Michael Smith|||||
||Mr Oily Murs|||||
|Chief Executive OffIcer:|Keith Sinclair|||||
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Unrestricted|||
|---|---|---|---|---|---|---|---|
|||||funds|fvnds|Restricted|Total|
|||||Charity Shops|Other Funds|funds|2021|
||||Note|E|E|E|K|
|Income and Endowments||from:||||||
|Donations and legacies:||||||||
|Donations,
gifts, and|legacies||3||621,644|82,913|704,557|
|Grant income|||3|262,876|84,858||347,734|
|Charitable
activities|||4|||101,198|'I01,198|
|Other trading
activities:||||||||
|Income from charity|shops|||545,960|||545,960|
|Rental income|||||25,980||25,980|
|Investment
income|||||101||101|
|Other income|||||143,071||143,071|
|Total Income||||808,836|875,654|184,111|1,868,601|
|Expenditure
on:||||||||
|Raising funds —Costs|of|||||||
|generating
voluntary|income||8||(305,110)||(305,110)|
|Raising funds- Trading cost of||||||||
|goods sold|||8|(753,448)|||(753,448)|
|Charitable
activities|||9||444,865|292,421|7~37,286|
|Total Expenditure||||~753.4AS|749,975|292.421|1,799.844|
|htet income/(expenditure)||||55,388|125,679|(108,310)|72,757|
|Transfers between
funds||||55,388|134,873|79,485||
|Net movement
in funds|||||260,552|(187,795)|72,757|
|Reconciliation
offunds||||||||
|Total funds brought|forward||||287,162|717,695|1,004,857|
|Total funds carried forward|||22||547,714|529,900|1,077,614|
##
|||||Unrestricted|UnrestrIcted|||
|---|---|---|---|---|---|---|---|
|||||funds|fvnds|Restricted|Total|
|||||Charity Shops|Other Funds|funds|2020|
||||Note|E|E|K|E|
|Income and Endowments||from:||||||
|Donations and legacies:||||||||
|Donations,
gifts, and|legacies||3|1,201|654,004|250,475|905,680|
|Grant income|||3|435,232|231,188||666,420|
|Charitable
activities|||4|||90,331|90,331|
|Other trading
activities:||||||||
|Income from charity|shops|||370,645|||370,645|
|Rental income|||||25,615||25,615|
|Investment
income|||||309||309|
|Other income|||||224,699||224,699|
|Total Income||||807,078|1,135.815|340,806|2,283,699|
|Expendltvre
on:||||||||
|Raising funds —Costs|of|||||||
|generating
voluntary|income||8||(330,820)||(330,820)|
|Raising funds —Trading cost of||||||||
|goods sold|||8|(917,450)|||(917,450)|
|Charitabe
activities|||9||671,225|300,413|971,638|
|Total Expenditure||||||||
|Net (expenditure)/Income||||(110,372)|133,770|40,393|63,791|
|Transfers between
funds||||110,372|45,130|||
|Net rnovernent
in funds|||||88,640|(24,849)|63,791|
|Reconciliation
of funds||||||||
|Total funds brought|forward||||198,522|742,544|941,066|
|Total funds carried forward|||22||287,162|717,695|1,004,857|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|8||
|Fixed assets|||||||
|Tangible assets||||14|816,864|900,508|
|Investments||||15|2|2|
||||||816,866|900,510|
|Current assets|||||||
|Debtors||||16|33,570|36,182|
|Cash at bank and|||in hand|17|666,396|532,671|
||||||699,966|568,853|
|Creditors:|Amounts||falling due within one year|18|355,224|407,098|
|Net current||assets|||344,742|161,755|
|Total assets||less current liabilities|||1,161,608|1,062,265|
|Creditors;|Amounts||falling due after more than one||||
|year||||19|83,994|57,408|
|Net assets|||||1,077,614|1,004,857|
|Funds ofthe||Charity:|||||
|Restricted|||||529,900|717,695|
|Unrestricted||funds|||547,714|287,162|
|Totalfunds||||22|1,077,614|1,004,857|
##
||||2021|2020|
|---|---|---|---|---|
|||Note|f,|K|
|Cash flows from operating
activities|||||
|Net income|||72,757|63,791|
|Adjustments
to cash flows from non-cash|Items||||
|Depreciation|||34,530|38,141|
|Investment
income|||(101)|(309)|
|Profit on disposa
of tangible
fixed assets|||142,320|222,599|
||||(35,134)|(120,976)|
|WorkIng capital adjustments|||||
|Decrease
in debtors||16|2,612|1,610|
|(Decrease) /increase
in creditors||18|51,355|54,379|
|Net cash flows from operating
activities|||83,877|64,987|
|Cash flows from investing
activities|||||
|Interest receivable and similar income||6|101|309|
|Purchase
of tangible
fixed assets||14|(5,262)|(9458)|
|Sale of tangible
fixed assets|||196,696|332,000|
|Net cash flows from investing
activities|||191,535|322,851|
|Cash flows from financing
activities|||||
|Value of new loans obtained
during the period|||50,000||
|Repayment
of loans and borrowings|||23,933|46,104|
|Net cash flows from financing
activities|||26,067|46,104|
|Net increase
in cash and cash equivalents|||133,725|211,760|
|Cash and cash equivalents
at
1 December|||532,671|320,911|
|Cash and cash equivalents
at 30 November|||666,396|532,671|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|3 Income fram|danatlans
and|legacies||||
|---|---|---|---|---|---|
|||Unrestricted|tunds|RestrIcted|Total|
|||CharIty Shops|Other funds|funds|funds|
|||B|K|B|f.|
|Donations
and legacies;||||||
|Donations
and gifts|||621,644|82,913|704,557|
|Grants, including|capital|||||
|grants;||||||
|Corona Job Retention||||||
|Scheme||88,843|47,153||135,996|
|Local Authority|Discretionary|||||
|grants||174,033|37,705||211,738|
|Tata Ifor 2021||262,876|706,502|82,913|1,052,291|
|Total for 2020||436,433|885,192|250,475|1,572,100|
##
##
|4
Income from|charitable
a|ctivities|||||
|---|---|---|---|---|---|---|
|||Unrestricted|funds||Restricted|Total|
|||Charity Shops|Other|Funds|funcls|funds|
|||8||8|S|8|
|Assessment
income|||||42,025|42,025|
|Mydrotherapy
income|||||58,328|58,328|
|Accommodation|income||||845|845|
|Total for 2021|||||101,198|101,198|
|Total for 2020|||||90,331|90,331|
##
|5
Income from other tra|ding
actlvlf les|||||
|---|---|---|---|---|---|
||Unrestricted|funds||Restricted|Total|
||Charity Shops|Other|Funds|funds|funds|
||K||K|E|R|
|Trading income;||||||
|Charity shop sales|545,960||||545,960|
|Rent|||25,980||25,980|
|Total for 2021|545,960||25,980||571,940|
|Total for 2020|370,645||25,615||396,260|
##
|6
Investment
Inco|me||||||
|---|---|---|---|---|---|---|
|||Unreslrlcted|funds||Itestricted|Total|
|||Charity Shops|Other|Funds|fvnds|funds|
|||||||E|
|Interest receivable|and||||||
|similar income,|||||||
|interest||||101||101|
|Total for 2021||||101||101|
|Tota Ifor 2020||||309||309|
##
##
|7
Ot|her Income||||||
|---|---|---|---|---|---|---|
||||Unrestricted|fvnds|Restricted|Total|
||||Charity Shops|Other Funds|funds|funds|
||||E|E|E|E|
|Other|income|||750||750|
|Gains|on sale of tangible||||||
|fixed|assets for Charity's|own|||||
|use||||142,321||142,321|
|Total|for 2021|||143,071||143,071|
|Total|for 2020|||224,699||224,699|
##
|||Unrestricted|funds||Restricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Charity Shops|Other|Funds||funds|funds|
|||||E||E|E|
|Fundraising|expenses||305,110||||305,110|
|Charity shops||753,448|||||753,448|
|Total for 2021||753,448|305,110||||1,058,558|
|Total for 2020||917,450|330,820||||1,248,270|
||||||Other|direct|Total|
|||Staff costs|Support costs|||costs|2021|
|||E||E||8|E|
|Fundraising|expenses|207,591||13,442||84,077|305,110|
|Charity shops||492,771||13,042|247,635||753,448|
|||700,362||26,484|331,712||1,058,558|
||||||Other|direct|Total|
|||Staff costs|Support costs|||costs|2020|
|||E||E||8|R|
|Fundraising|expenses|271,036||14,658||45,126|330,820|
|Chartity shops||554,710||11,584|351,156||917,450|
|||825,746||26,242|396,282||1,248,270|
##
|9
Expenditure
on charitab|le
activities|le
activities|le
activities|||||
|---|---|---|---|---|---|---|---|
||Unrestricted|||funds||RestrIcted|Total|
||Charity|Shops||Other funds||funds|funds|
|||8|||8|E|E|
|South West Centre and||||||||
|satellite
clinics|||||89,830|292,421|382,251|
|South East Centre and||||||||
|satellite
clinics|||||89,054||89,054|
|North West Centre and||||||||
|satellite clinics|||||81,756||81,756|
|Home 8 regional support|||||64,211||64,211|
|Governance
costs|||||120,014||120,014|
|Total for 2021|||||444,865|292,421|737,286|
|Total for 2020|||||671,225|300,413|971,638|
||||||Other direct|Total|Total|
||Staff costs Support||costs||costs|2021|2020|
||8|||K|E|||
|South West Centre||||||||
|and satellite clinics|266,157|25,032|||91,062|382,251|358,058|
|South East Centre and||||||||
|satellite clinics|78,290||5,944||4,820|89,054|249,478|
|North West Centre||||||||
|and satellite clinics|65,053||5,944||10,759|81,756|181,019|
|Horne 8,regional
Support|57,566||1,282||5,363|64,211|63,724|
|GavernanCe
COSts|85,965||15,790||18,259|120,014|119,359|
||553,031||53,992||130,263|737,286|971,638|
|||0gIIC|0gIIC|0gIIC|CO|||PO||0||Kl|O||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||O
I|C0
Dl|||||||||IO|||||
|||||||||CD|||||||||
|||0 CC
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|||||||||||||C0||CD|||
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|||Cl|||||||||||||||
|||o$||||||||||PI|C&
C0|'0
Pl|'0||
||||0|||||||||IPp|||||
|||8|||||||||||||||
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||||||CV||||||||||||
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||||||C0||||||||||||
|0|||||||||||||||||
|V||th||04|C0|CV|||||||||||
||||||CV||||||||||||
|00.0.||III
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E|0||||||||||||||
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|VL0
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Cll
'Il
0L
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000||||5
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8O.V
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zRz|||I0
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##
##
|Allocation
ofgovernance
c|osts||||
|---|---|---|---|---|
||Unrestricted|funds|Restricted|Total|
||Charlfy Shops
f|Other Funds
f|funds
f|fundsf|
|Staff costs||85,965||85,965|
|Audit and accountancy||14,400||14,400|
|Legal and professional||3,859||3,859|
|Support costs||15,790||15,790|
|Total for 2021||120,014||120,014|
|Total for 2020||119,359||119,359|
|11 Net Incoming/(outgoing)|11 Net Incoming/(outgoing)|resources|||
|---|---|---|---|---|
|Net incoming|resources
for|the year include:|||
||||2021|2020|
|Audit ofthe|financial statements||14,400|14,400|
|Profit on disposal of tangible||fixed assets|(1 42,320)|(222,599)|
|Depreciation|of fixed assets||34,530|38,141|
##
##
|13Staff costs
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2021|2020f|
|Staff costs dvring the year were:|||
|Wages and salaries|1,154,152|1,330,750|
|Social security cosls|81,988|100,527|
|Pension costs|32,998|37,927|
||1,269,138|1,469,204|
##
|The monthly
the Charity|average
number
of persons
(including
during the year was as follows:|senior management
team)
em|ployed
by|
|---|---|---|---|
|||2021|2020|
|||No|No|
|Pundraising|and administration|20|23|
|Charity shops||31|43|
|South West|Centre|8|10|
|Sovth East|Centre|1|5|
|North West|Centre|1|2|
|Home support||2||
|||63|85|
|The monthly
the Charity|average
during
the|average
during
the|number
of persons
year expressed as|number
of persons
year expressed as|(including
senior management
team)
full-time
equivalents
was as follows:|(including
senior management
team)
full-time
equivalents
was as follows:|(including
senior management
team)
full-time
equivalents
was as follows:|(including
senior management
team)
full-time
equivalents
was as follows:|(including
senior management
team)
full-time
equivalents
was as follows:|employed|by|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021||2020|
||||||||||No||No|
|Fundraising|and administration||||||||16||18|
|Charity shops|||||||||21||29|
|South West|Centre||||||||6||8|
|South East|Centre||||||||1||4|
|North West|Centre||||||||||2|
|Home support|||||||||||1|
||||||||||45|||
|ds was:||
|---|---|
|2021|2020|
|No|No|
##
##
|14Tangible fixe|d assets||||||
|---|---|---|---|---|---|---|
|||Land and|Plant and|Motor|Computer||
|||buildings
5|equipment
5|vehicles|Software
5|Total
5|
|Cost|||||||
|At
I December|2020|904,655|402,806|19,295|19,936|1,346,692|
|Additions|||5,262|||5,262|
|Disposals||60.947|170,4'I 9|6,495||237,861|
|At 30November|2021|843,708|237,649|12,800|19,936|1,114,093|
|Depreciation|||||||
|At
1 December|2020|58,897|352,060|15,291|19,936|446,184|
|Charge for the|year|20,525|13,017|988||34,530|
|Eliminated
on disposals||23,744|153,298|6,443||183,485|
|At 30November|2021|55,678|211,779|9,836|'I9,936|297,229|
|Net book valve|||||||
|At 30November|2021|788,030|25,870|2,964||816,864|
|At 30November|2020|845,758|50,746|4,004||900,508|
##
|15Fixed as|set|investments|||
|---|---|---|---|---|
||||2021|2020|
||||5|5|
|Investment|in|subsidiaries|2|2|
|Subsidiaries|||||
##
##
##
##
|16 Debtors|||
|---|---|---|
||2021|2020|
||8||
|Trade debtors|13,609|486|
|Other debtors|4,648|7, 1 13|
|Prepayrnents|15,313|28,583|
||33,570|36,182|
##
|202'I|2020|
|---|---|
|8||
|666,396|532,671|
##
##
|18Creditors: a|mounts
falling due within one year|||
|---|---|---|---|
|||2021|2020|
|||B||
|Bank loans||127,685|128,204|
|Trade creditors||35,428|20,953|
|Due to group|undertakings|1,794|1,794|
|Other taxation|and social security|23,620|29,277|
|Other creditors||41,404|42,386|
|Accruals||125,293|184,484|
|||355,224|407,098|
##
|2021|2020|
|---|---|
||B|
|127,685|128,204|
##
##
|19Creditors: amounts
falling due after on|e year|||
|---|---|---|---|
|||2021|2020|
|Bank loans||83,994|57,408|
|The terms ofthe bank loans are disclosed|in Note 18,above.|||
##
##
##
|Total future
minimum
lease pay|ments
unde|r non-cancellable|operating|leases are as|follows:|
|---|---|---|---|---|---|
|||||2021|2020f|
|Within one year||||40,054|84,764|
|Between one and five years||||14,845|90,188|
|||||54,899|174,952|
|The amount
of non-cancellable|operating|lease payments|recognised|as an expense|during|
|the year was B129,017 (2020 —8332,603)||||||
##
##
##
##
|22 Funds|||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1||||30|
|||December|incoming|Resources||November|
|||2020|resources|expended|Transfers|2021|
||||B|2|2||
|Unrestricted|||||||
|Charity Shops|||||||
|Funds generated|||808,836|753,448|55,388||
||||808,836|753,448|55,388||
|Other|||||||
|Other unrestricted|funds|238,
'I54|875,654|(749,975)|84,743|448,576|
|Revaluation
fund||49,008|||1,532|47,476|
|||287,162|875,654|749,975|83,211|496,052|
|Designated|||||||
|South East|||||42,574|42,574|
|North West|||||9,088|9,088|
||||||51,662|51,662|
|Total unrestricted|funds|287,162|1,684,490|1,503,423|79,485|547,714|
|Restricted|||||||
|Sponsorshlps
6, bursaries||67,813|6,340|||74,153|
|General
all centres||97,236|33,250|(80,243)||50,243|
|South West Centre||51,015|121,422|(144,237)||28,200|
|Hydrotherapy
Pool||321,658||||321,658|
|Accommodation|Units|97,863||(14,394)|(27,823)|55,646|
|South East Centre||42,462|6,574|(6,462)|(42,574)||
|North West Centre||39,648|16,525|47,085|9,088||
|Tota Irestricted||717,695|184,111|292,421|79,485|529,900|
|Total funds||1,004,857|1,868,601|1,795,844||1,077,614|
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1||||30|
|||December|Incoming|Resources||November|
|||2019|resources|expended|Transfers|2020|
|||B||B|||
|Unrestricted|||||||
|Charity shops|||||||
|Funds generated|||807,078|917,450|110,372||
||||807,078|917,450|110,372||
|Other|||||||
|Other unrestricted|funds|147,982|1,135,815|(1,002,045)|(43,598)|238,154|
|Revaluation
fund||50,540|||1,532|49,008|
|||198,522|1,135,815|1,002,045|45,130|287, 162|
|Total unrestricted||198,522|1,942,893|1,919,495|65,242|287,162|
|Restricted|||||||
|Sponsorships
3, bursaries||76,095|(8,282)|||67,813|
|General
all centres||56,578|159,882|(119,224)||97,236|
|South West Centre||30,010|118,693|(97,688)||51,015|
|I-lydrotherapy
Pool||322,499|4,470|(5,311)||321,658|
|Accommodation|Units|177,499||(14,394)|(65,242)|97,863|
|South East Centre||50,248|48,712|(56,498)||42,462|
|North West Centre||29,615|17,331|7,298||39,648|
|Total restricted||742,544|340,806|300,413|65,242|717,695|
|Total funds||941,066|2,283,699|2,219,908||1,004,857|
##
|Notes to the Financial S
30November
2021|Notes to the Financial S
30November
2021|Notes to the Financial S
30November
2021|tatement|s
for the Year|Ended||
|---|---|---|---|---|---|---|
|23 Analysis
of net assets between|||funds||||
|||||||Total funds at|
|||||Unrestricted||30November|
|||||funds|Restricted|2021|
|||||8|8||
|Tangible|lixed assets|||466,722|350,142|816,864|
|Fixed asset investments||||2||2|
|Current|assets|||520,208|179,758|699,966|
|Current|liabilities|||(355,224)||(355,224)|
|Creditors|over|1 year||83,994||83,994|
|Total net assets||||547,714|529,900|1,077,614|
|||||||Totalfunds
at|
|||||Unrestricted||30 November|
|||||funds|Restricted|2020|
|||||||8|
|Tangible|fixed|assets||485,119|415,389|900,508|
|Fixed asset investments||||2||2|
|CUrrent|assets|||266,547|302,306|568,853|
|Current|liabilities|||(407,098)||(407,098)|
|Creditors over||1 year||57,408||57,408|
|Total net assets||||287,162|717,695|1,004,857|
##
|24 Analysis
of net|cash funds||||||||
|---|---|---|---|---|---|---|---|---|
|||At 1||||||At 30|
|||December||||Other|non-|November|
|||2020|Cash|flow|cash changes|||2021|
|||E|2|||8||8|
|Cash at bank and|in hand|532,671|133,725|||||666,396|
|Debt due within one year||(128,204)|(26,067)||||26,586|(127,685)|
|Debt due after more than one|||||||||
|year||(57,408)||||(26,586)||(83,994)|
|Net cash funds||347,059|107,658|||||454,717|
|||At 1||||||At 30|
|||December||||Other|non-|November|
|||2019|Cash|flow||cash changes||2020|
|||R||||||K|
|Cash at bank and|in hand|320,911|211,760|||||532,671|
|Debt due within one year||(42,512)||46,104||(131,796)||(128,204)|
|Debt due after more than one|||||||||
|year||(189,204)||||131,796||(57,408)|
|Net cash funds||89,195|257,864|||||347,059|
##