Charity registration number 1074508 Company registration nwnber 3614799 (England and Walasl NETHERTON FEELGOOD FACTORY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 A8LYJFAHV 21109ri022 COMPANIES HOUSE
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NETHERTON FEELGOOD FACTORY LEGAL AND ADMINISTRATIVE INFORPMTION Trustse Mi L P James (Chair to 27th Seplember 2021) Mr W G Penney (Chair from 27th September 2021) MT M Buxlon Ms L Cluskey Mr D Cummin5 Mr J Ftynn Ms L M Glenn Ms U Ingham Mr G Loughlin Ms H Martin Ms M mCElboTQugh Socretsry Mrs S Duncan Chief Executiv• Mrs S Drn Charity number 1074508 .Company numb¢r 3614799 R•gi$tsrvd offi¢¢ Glovers Lane Netherton Liverpo Mergeyside L30 5QW Independent examiner Helen FurlorvJ FCCA M¢Linlo¢ks INW) "rnrted 46 Harn10n Square BIrker*a I1rra1 MerseysK1e CH41 SAR Bank•T¥ Natvlest Bank Pl¢ INesl Yorkshire Retail CSC 1 Victoria Place Holbeck Leeds LS11 SAN Insurgrs Ansvar Insurance Limited An5var House St Leonard's Road Eastboume East Sussex BN21 3UR
NETHERTON FEELGOOD FACTORY CONTENTS Page Trustees, report IrKleperKlent examinerf5 report ststement of financial activities BalaTr sheet Notes to the finanual statemer 9-22
NETHERTON FEELGOOD FACTORY TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The Trustee present their annual report and financial statements for the year ended 31 March 2022. The financial ststemenls have been prepare(l in arIanCe wrth the ac¢ounb"ng pol¢5 set out in note 1 to the financial slalement5 and comply the Charity's Uemorandurn and Artide5 of Associatson the Companie5 Act 2006 and 'Accounting and Report]'ng by Chanb"es." Stslement of Recommended Practice applicable lo charities piepanng their account5 in a¢eordan¢e wrth the Finantyal Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021. leffective 1 January 20191. Objectives and actlvities The objectives of the Netherton Feelgood Factory are to promote the health, educabon and quality of lrfe of the public in the Metropolitan Borough of Sefton and surrounding areas. The organisalion aims lo enable people lo improve their health and wellbeing by using communrty devekjpment approach to ill health preventh.on and health improvement. In setting our obj'ectives ar planning our actywbes. the trustees have given carefvl consthraiion lo the Charity Commissiort's general guidance on publ benefft. Priorities tsjentifd through consuAatKJn with the local communty are.. to improve access to health, social care and related inlonnation and services to enwurage healthier lifestyles to provide servi¢es and activrties to support isolated older people to prO¥e services and actwrtie5 to support rsolated families The Feelgood Factory's strategy to achieve these obje¢tives has been by means of a variety of actAiibes and services held both wlhin the purpose-built healthy living ¢entre and as outrea¢h'seNi¢es in the ¥MdeT communty. The Charity ha5 continued to lease office space to other organt5ations and hire rooms and farilitie5 on a day or half day basis. AchS•vements and pèrfomiance The Feelgood Factory provides serwces for the whole of the communrty from childhood to old age in order to promote heatth and wellbeing in the most holistsc way possible. During ihe year our range of $orvi¢es has included." Advi¢e and infornab'on seNKe5 Heathy living activitie5 lor the whole co¥nmunity that concentrate of physical exercises and food and nutrition Breast feeding sUPPOrt Mental health activib.es induding a drop-in to support people wrth more severe and enduring mentsl health Issues and programmes to promote 9oo¢J mentsl health Communty services project which provides a range of pract1 seryices to help older people Stay safe and well both by providing support in their own home and through aclivrties in the Centre A Community garden Due lo Ihe global Coronavirus pantleM our nomial a(vib"es had to be reduced in numbws at times. Services included.. Advice and Information The Feelgood Factory ha5 continued to provide the m•n infomiation and advKe servir in Ihe ¢entre of Netherton. Our eentre and its staff have provided key infornation about local and national seNees and heamh and wellbeing to local people. We also provide a'community computer hub.
NETHERTON FEELGOOD FACTORY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Healthy Living Activities We have provided a range of èclivities aimed at providin9 health and wellbeing. These have included exercise classes such as Zumba. Pilales. Line Danung and Aerobs as well as a genefal health programme, Steps lo Health, and a vanety of food and ftUtrrtn Pfogrammes Brest Feeding Support This programme trains volunleets to act as peer mentots for Icrtal mothers who wish to breasrfeed. It also runs support group5. Overall the programme helps lo promote the health of mothers and babies and Fvided education about the wider benefits of bTeasrfeeding.During the year we have devdoped programmes aimed at helpng parents wlh their mental wellbeing. including a group Nn in pathetship PANDA Sefton. Mental Health Projects The Drop-ln for people th more severe and enduring mental heatth problems. has continued to operate twice weekly In Nelherton and Lina¢re_ We have also conbnue(I lo prowde more general wellbeing SUPPOrt sessKsns. in particular Think DifferentFy. Cope Drferentty and Bereavement Support. and some one-to-one sessions Our programme to support people experiencing loneliness has also continued to grow and now includes a belriending seNice and a range of groups and activitie5 in¢ludin9 Good Aftemoon Social. Crafting. Creabve W(rting and Feelgood Learning. There were 2.049 attendances at programmes aimed at improving physul health throughout exercise There were 1,352 attendance5 at sessions to promote mental wellbeing and alleviate loneliness Nethtrrton Community Garden The Nelherton Communty Garden has developed very well and contsnued to produce food for the community as well a5 some social inteiactive for volunteers. In response lo Ihe paftdem the Feelgood Factory moved some support services online and increased out practical support in the communty. In particular we.. Undertook over 954 shops for vulnerable people Undertook gardening work for 280 gardens for vulnerable people Distributed 4,000 frozen meals to families in need Distributed 6,000 pan¢akes and c¥umpels to tsmils in need Donated Christmas Dinner hampers to 30 families Donated essentia5 food hampers to 220 faMilS The Feelgood Factory ntinUeS to depend for the achievement of its objectNes upon support of a range of partner organisations and upon the hard work of rts stsff and volunteers. Finan¢lal r9VigW As wrth many other charitie5 the pandemic caused disruption to actTvr(ies in the building {athough services carried on ancj most support programmes became virtual N telephone sUPPOrtI and meant that the proposed budgEt and fundraising strategies for 2020-2021 had to tse revised and kept under constant review, wth the Finance Committee meeting monlNy in order to achieve Ihis. Income was lost through cessation of room hwing. the loss of tenants and the loss of fees and dorotions for service5. AS * 31 March 2022, the Charrty had reserves of £6B2.744 {2021.. £754.1331. Included wthin these SeNe5 are £105.587 12021 £103.923) of reslncted funds (see note 20) and £101,459 12021.. £106,412) of designated fvnds (see note 211. Included wlhin unrestn.cted reseThes are fixed assets totalling £496,833 12021. £571,206). These funds can only be iealised upon sale of these assets. The Charity had free ol £rtil12021." £nill.
NETHERTON FEELGOOD FACTORY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 is the policy of the Charity that unreslrieted fvnds wfiich have not been designated for a spec¢ use should be maintained at a level equivalent to behveen three and six month's expertdrtu. The trustees consider that reserves al this level will ensure that, in the event of a gnificant drop in funding. they wll be able to continue the Charity's CUTrent acts'vilie5 while consideration is given to vAys in which additi.onal lunds may be raised. This level of re5erve5 has been maintained throughout the year. Investment Policy and Retums Trustees make all decisions about investments and reeewe ffjgular financial reports from the Finance Sub- Committee detailing the financial poth.on of the organisation. Risk Identification and Management The Board have entified the main areas of risk as Ihe costs attached to running and maintaining the building. The risks have been minimised through monitoring the extent of dependence on particular donors. The Board has a wde range of lunding sources to minimise dependence on any one source. A set of financial regulations exists which specfy the cheque snorieS and theK ddegated authority levely. Two signatories, one Of whom musl be a board member, must Sign eath cheque. A compLrterised finanoal management system fulty operational and a system to maintain the highest stsndards ol finanaal management is in place. Structure, 9ovemance and mana9ernent The Chanty is a ¢harilable ¢ompany limrted by guaranlee and not having a Sha caprtal. The comp*)y is règistered in England and wales, No.. 3614799. The pn'ncipal goveming document is the company Memorandum and Articles ofAssociation. The Charity 15 registered th the Charity Commission. No.. 1074508. The Trustee, who are a150 the directoTr for the purpose of company bw. and who served during the year and up lo the date of signature of the financial stslements we= Mr L P James (Chair to 27th septeMr 20211 Mr W G Penney (Chair from 27th September 2021) Mr M Buxton M5 L CIu5key Mr D Cummins Mr J Flynn M5 L M Glenn Ms U Ingham Mr G Loughlin M5 H Martin Ms M MGEllenborough The Charity is govemed by its Board of Directors wtho. as Trustees of the Chartty, are responsible foi setting the strategic direction of the organisation and for estsblishing poliq. The Board meet$ monthly and dekgates day-l day management to the Chief Executive. Sandra Duncan, vtho leads a staff team wth specrfic aaS of sponsibility. Written finawal and progress reports are provided in advance of the Board Meetings. There is a Finance Sub-committee that have delegated authorrty ano written terms of reference. TnJstees are nominated an¢1 elected by Feejgood Factory members. New Trustees are inducted into their new role by way of fonnalised information aboLrt the role of a trustee and about Feelgood Factory. A mmbership gIster is heltj by the Company Secretsry. One third of Trustees w?11 normalty retire eath year and are eligible for Tle¢ton at theAnnual General Meeting. At 31 14larth 2022 there V•we 21 members. Trustees are appointed in accordance %wth the Company's Memorandum and Articles of As50ciatson. The Trustees have assesse¢J the major risks to which the Chty is exposed. and a satisfied thai systems are in place to mitigate exposure t the major risks.
NETHERTON FEELGOOD FACTORY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Employees The organisation had 12 member5 of staff at 31 March 2022. The Trustees. report was approved by the Board of Trustee. MrWG Penney Trust99 hairl 12 September 2022
NETHERTON FEELGOOD FACTORY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE OF NETHERTON FEELGOOD FACTORY I report to the Tru51ee on my exaThMnation of the financial statements of Netherton Feelgood Factory (the Charity) for the year ended 31 March 2022. Re$pon$ibilities and basis of report As the Trustee of the Charity land also its directors for the Pufposes of company lawl you are resp)nsible for the preparation of the financial statements in ardance with the qUIrements of the Companies Acl 20C6 (the 2006 Acll. Having satisfied myself that the financkil statements of the Charty are not required to be audit8J under Part 16 01 the 2006 Aet and a eligible for independent examination, I report in respect of my eXaMinatn of the Charity's financial slalemen15 carried out under Section 145 of the Charib"e5 Act 2011 (the 2011 Act). In carrying out my examinakn.on I have followed all the applicable Directions gNen by the Charity Commission under section 145{51{bl of the 2011 Act. Independent examinerfs statement Sin¢e the Charity's gross income ex¢eeded £250.WO your examiner must be a membef of a body listed in sects'on 145 of the 2011 Act. I confirm that l am qualified to Ltndertake the examination because l am a member of, I1¢h is one ol the listed bodies. I have Completed my examination. I confirrn that no matters have come to my attentn in connection with the examinatK)n giving me Cause to believe that in any material respect". accounting records were not kept in respect of the Charity as required by secth)n 386 of the 20 Act., or the finan¢ial statements do not accord wth those re¢ords". or the finanrjal statement5 do not comply wrth 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 a5 part of an independent examinatKJn' or the financial slalements have not been ppad accordanee with the methods and principles of the Statement of Recommended Practice for accounting and porting by charities applicable lo charities preparing their accounts in accordance th the Fina1 Reporting Standard appli¢able in the UK arnl Republic of Ireland IFRS 1021. I have no concerns and have come across rKJ olher matters in connection the examinat*)n to which attentson should be d this report in order lo enable a proper understanding of the financial statements to be reached. Helen Furlong FCCA Mcknntocks INWI Limited 46 Hamihon Square Birkenhead Wirral Meiseyside CH41 SAR Dated: .... Cy . .
NETHERTON FEELGOOD FACTORY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Current financial year Unrestri¢t•d Unrestricted Restricted funds nds fvnd$ general d•signated 2022 2022 Totsl Total 2022 2022 2021 Not•s nco ande do Donations and legacies Charitsble a¢livilies Other trading activities Investments Other incoTne 97.181 5.336 11.751 12,399 13,970 272.185 543 117,960 339.992 10,541 10,440 5.787 277.521 12,294 12,399 1,266 Total income 127.933 286.698 414.631 484,720 Raising funds 3.223 3.223 3.011 Charitable aclivth'es 243,364 239,433 482,797 547,155 Total expenditure 246.587 239,433 486.020 550,166 Net loutyoing)fincomiDg w•sour5 b•for• Iran$fers 1118.6541 47.265 171.389) {65.4461 Gross transfers betsveen fvnds 13 50.554 14,9531 145.6011 Net lexpenditureyincome for the yearf Net movement in fvnd$ 168,100) 14,953) 1.664 171,389) {65,446} Fund balartces al 1 April 2021 543,79B 106,412 103.923 754.133 819,579 Fund balances at 31 March 2022 475.69B 101.459 105,587 682.744 754.133 The $tslement of financial ad1vrts includes all gains and losses recognised *i the year. All income and expenditure derive from ¢ontr"nuing adivrtie5. The statement of finanual activit$ also comWbes the requirements for an income and expenditure account under the Companies Act 2006.
NETHERTON FEELGOOD FACTORY STATEMENT, OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Prlor flnan¢lal year Unrestricted Unrestricted RestrKted lunds funds funds general designatsd 2021 2021 Total 2021 2021 Donations and legacies Charitable activitses Other trading 3th"vth"es Investments Other income 117,459 87.821 9,985 10.440 5.706 501 252,171 556 117,960 339,992 10.541 10,440 5.767 61 Total income 231.411 253,309 484,720 Raising funds 2.890 121 3.011 Charitable activities 337,775 209,380 547.155 Total •xp•nditurn 340.665 209,501 550,166 Net loutyoingifincoming resourc•s belort trnnsf•rs (109,254} 43,808 165,4461 Gross transfers between funds 13 (14.6841 7.410 7,274 Net lexpenditureifincome for tho yearf Net movement in funds (123,9381 7.410 51,082 165.4461 Fund balances at 1 Aprl 2020 667.736 99.002 52,B41 819.579 Fund balancgs al 31 March 2021 543.798 106.412 103,923 754.133
NETHERTON FEELGOOD FACTORY BALANCE SHEET AS AT31 MARCH 2022 2022 2021 Fixgd asséts Tangible asset5 14 496,833 571.206 Currnnt ass•ts Debtors Cash at bank and in hand 15 45,560 158.169 87.449 152.427 203.729 239.876 Creditors: amounts falling due within on• y•ar 16 117.818} I.949) Net current assets 185.911 182,927 Totsi •$sets less current liabilities 682,744 754,133 Incomè funds Restricted fund$ Unrestricted f Desi9naled funds General unrestricted funds 18 105.587 103.923 19 101,459 374,239 106.412 437,386 475.698 543,798 682,744 754,133 The company 15 enlilled lo the exemption from the audit requrement contained in section 477 of the Companies A¢1 2006. for the year ended 31 March 2022. The directors acknowledge their responsibilibes for complying wrth the requirements of Companies Act 2006 with respect to accounting records and the preparation of finanoal statements. The members have not required Ihe mpaTry to obtain an audit of its financial $tstements for the year in qUestn in accordar*ce wth section 476. These financial statements have been prepare(l in accordance the Pfovigons applicable to Companies subject to the small companies regime. Th finanrjal s ments were approved by the Trustee on 12 September 2022 Mr W G Penney (Chair) Trust•¢ Company regi$tratlon nmbgf 3614799
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Charity inforniltion Netherton Feelgood Factory is a private company limited by guaranlee incorporated in England and Wales. The registered Offi Is Glovers Lane. Netherton. Liverpool, Merseyside, L30 5QW. 1.1 A¢c¢unting ¢onv•ntion The finan¢5al statements have been prepared in accordance Iwth the Charity's Igoveming documentl, the Companies Act 2006, FRS 102 'The Finanual Reporbng Standard applicable in the UK and Republic of Ireland. I'FRS 1027 and the Chantses SORP "Accounting and Reporting by charit5. Stslemenl 01 Recommended Prathce applicable to charib.es prepanng their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffectNe 1 January 20191. The Charity is a Publi¢ Benefft Enlty as defined by FRS 102. The Charity has tsken advanlage of Ihe provisi¢)ns in the SORP for charities not to prepare a Statement of Cash Flows. The financial slalements are prepared in sterfing. wthich is the functional currew of Ihe Charity. Monetary amounts in these finanual statement5 are rounded to the nearest £. The financial statements have been wepared under the htstori¢al Cost ¢onverhbon. The principal accounting policies adopted are set out below. 1.2 Goin9 coiicern As wth many other charities the pandemic caused dIsruptn lo actiwties in the building lallhough services carried on and m05t 5UPPOrt programmes became virtual or telephone support} and meant that the proposed budget and fvndraising Strategies fry 2021-2022 had to be revised and kept under constant review. The Charity ha5 continued to receive grants for services from the gTant prowders and has seen a large increase in demand for the shopping y4uad seNi¢e. Thus the Trustees continuè to adopt the going cortem basis of accounting in preparing the financial ststements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustee in fvrtheran¢e of their charrtable oty"ectives. Designated funds comprtse unreslricted fijnds that have been set aside by the Trustees for a particular purpose. The aim and use of each of desrynated fund is set ¢rt in the notes to the financral 51aternents. Restricted fund5 are are funds which are to bè used in accordance specrfic Te5trictions imposed by donoTS or which have been raised by the charrty for particular purpose5. The purposes an¢J uses of each restricted funds are sel out in the notes lo the finanaal statements. 1.4 Income Income is Tecognised vthen the Chwity is legally entitled to it after any perfomiance condrtions have been met, the amounts can be measured rel*bty. and is probable that income wll be received.
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policie5 (Continued) In¢ome from donatn$ and grants. indLKling capital grants. is included in incoming re$ource$ en these are receivable. excepl as follows.. lthen the donors spe¢ify that donations and grants given lo the Charity musl be used in future accounting periods, the income is deferred unlil those periods. en donors impose conditsons which have to be fvffilled before the charity becomes entitled to such income, the income is deferred and n¢X i1ed in incoming resources until the precondtti'ons for use have been met. When dongrs specfy thal donations and grants, including capital grants. are for restricted purposes, which do not amount to preconditions regarding entrtlemenl. this income is included in incomin9 resources of the restricted fvnds when received. Voluntsry income induded disuetionary rants for projècts, goods serve$ where no service ¥gement or onlract exists. Other gran15, whieh have particular service requirements and which are piovided in accordance with a contract or Service level agreement are induded in the Statement of Financial Actiwtie5 under the heading IrKome Re$our¢e$ for Charrtable A¢tNrties. Interest is included when received by the Chanty. Legacies ale recognised on receipt or othen*ise rf the Charity has been nolified of an impending distribution, the amount 15 known, and receipt is expethd. If the arnount is not known, the legacy is Irealed a5 a ¢onlingent asset. 1.5 Expenditure ExpenditLtre reflects all amounts paid and accnRd during the year. Expenditu includes VAT which cannot be recovered, and is reported as part of the expendrture to which it relates. All costs are allocated betsveen the expenditure categories of the Ststement of Financial Activitie5 (SOFA) on a basis designed to reflect the use of the re$our¢e. Where Cosls ¢annot be diredy attributed lo partivJlar headings they are allocated to activities on a basi$ consistent the use of the resource. Charrtable expenditure comw5es those costs incjjrred ty Ihe Charity in the delivery of its activrties and service5 for its benefirAarie5. 11 includes both cosis that can be alhxated directly to such activtties and Ih05e Costs of an indirect nature necessary to support them. 1.6 Tangible fixed assets Tangible fixed assets costing more than £1,000 are captslised al cost. The cost of tangible fixed as$els includes onty expendituTe in¢urred in bringing the asset into WCkIng condition for their intended use. Depreciation is proded lo write each assel off over ils expected usefvl life using the followng rates and methods.. Leasehdd land and buildings Building equipment Fixtures, fith'ng$ & equipment Computers 4% on Cost 15% on cost Betsveen 15%-30% on cost Beknn 33%-50% on ¢0 The gain or loss arising on the disposal of an asset is detemiined as the difference between the Sa proceeds and the carrying value of the asset, and is iecognised in the statement of financial activities. 10-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policie5 {Continugdl 1.7 Impairment of fixed a$$8ts At each reporting er date, the Charty reviews the carrying amounts of its tangible assets to determine ether there is any indication that those as5els have suffered an impainnent loss. If any such Indration exists, the recoverable amount ol the asset 15 eslimated in order to detennine the extent of the impaiment loss (il any). 1.8 Cash and cash •quival•nts Cash and cash equivalents include cash in hand. deposrts held al call with banks, other short-term liquid investments wth original maturities of three months or less. and bank overdrafts. Bank overdrafts are shovm thin borrowngs in current liabilrfs. 1.9 Finan¢lal in$twm?nts The Charrty ha5 elected to appty the provisions of Seth'on 11 'Basic Financ1 Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its finanaal instruments. Financial instnjments are wognise¢J in the Charrty's balance sheet when the Charity becomes party lo the ¢ontractual provisions of the Instrument. Financial assets and liabilibes a offw. the nei amounts presented in the financial statements, when the is a legally enforceable right to sel off the COgnised amounts and there 15 an intention to settle on a nel basis or to realise the asset and setue the liabAity simultaneoLbsIy. Basic fiTnan¢ial assets Basic financial assets, which include debtors and cash and bank balances. a inrtialty measured a transaction price including transaction costs and are subsequently carried at amortised cosl using the effective inlere$t method unless the arrangemenl ¢onsb"tutes a finanring transacts"on, Whe the transa¢tton is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable vh1 one year are not amortised. Basic fmanclal liabilities Basic finan¢ial liabilibes, including ¢redfftJrs and bank loan5 a initialty recogni5ed al transaction price unless the aangement ¢onstitutes a finanong transadion. vhbere the debt instrument is measured al the present value of the future payments discounted at a market rale of Inte51 Fmianaal liabilrties dasslfied as payable wrthin one year are not amortised. Debt instruments are sub5equentty carried at amortised cost. Ung the effective interesl rate method. Trade credrtors are oblig3lions lo pay for goods or services that have been acquired in the Ordin course of operations from suppliers. Amounts payable are classified as current liabiliti'es if payment is due within one year or less. If not. they are presented a5 non<urrenl Irabile5. Trade creditors are recognised initially at transacb.on pr and subsequently measured at amortised cost using the effective interest method. Derecognition of financialliath.lities Financial liabil"rties are derecognised when the Charity's contractual obligatS expire or are discharged or cancelled. 1.10 Taxation The Charity benefits from various exemptions from taxation afforded by lax 1gislakn"ty) aThJ is Th)t liable lo corporation tax on income and gains falling vthhin those exemptk)ns. The Charity is not able to fecover Value Added Tax. Exper#Jrture 15 recorded in the financial statements inclusNe of VAT. 11
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATENIENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounts-ng policiès IContinued} 1.11 Employee benefits The cost of any unuse(1 holiday entlyern¢ is recognised in the period in which the employee's services are ' received. Termrnalion benefits are re¢ogftised immedL4tety as an expense when the Chanty is demonstrabty ¢Dmmitted to teminate the employment of an employee or to provide temiinab.on benefrts. 1.12 Retlrement bènefits Payments lo defined ¢ontrthJtion relirement benefil leMe$ a charyed as an expen$e as they fall due. rltlcal accounting estimat•s and judgemonts In the apph'Calln of the Charty's arUting polrcres, the Trustee are required lo make judgemetrts, estimates and assumptions about the carrying amount of assets and liabilities that a not readily apparent Irom other sources. The estimates and associated assumptions are based on historical expenence and other factor5 that are considered to be relevant. Actual results may dffler from these estimates. The estimates and UAderfying assumptions are reviewe¢J on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the esth.mate rs rewsed where the revision affects only that period, or in the period of the rewsKJn and future periods where the revision affects both current and future periods. Donations and ltyaci•s Unrestricted Restricted funds funds general 2022 Totsl ' Unrestricted funds general 2021 Restricted funds Total 2022 2022 2021 2021 Donations and gifts Grants receIvae 49.891 47,290 905 13.065 50.796 60.355 25,291 92,168 501 25.792 92,168 97.181 13.970 111.151 117.459 501 117,960 Grants re¢eivable for core adivlties Comic Relief Community Foundation The Henry Smith Charity The Big Lottery Postcode Neighbourhood Sefton CVS Liverpool CVS Sefton MBC 31,100 5,OtM) 25.000 31,068 31,100 5,000 25,000 31,068 2,600 25,000 2.600 25,000 19.690 19,690 10.650 1.500 915 10.650 1,500 915 47,290 13.065 60,355 92.168 92.168 12-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS ICONnNVEDI FOR THE YEARENDED 31 AIARCH 2022 22 2422 2021 2021 PerfoFm•ictroled gr4nts Z48,456 277.521 35.214 47,847 256.931 339,992 byfu Unrenct8d fund$. yner* Restd¢I fiJnd5 620 25.445 4.716 243.740 5.336 272.185 35.214 27,5 2Q.347 2S,107 231,824 87,821 248.456 277 $21 35.214 47,817 286.931 339,992 Perfornance r•Litsd sieve Moryan FouThlatKD Sefton M8C spr Englan Comc Rtlel NHS South SeftM CCG NHS Southpryt & Fcrfrnby CCG L309 N¢rthWes18¢rwqh5 Sefton CVS VCF cnC Fund Cfyc 1.667 3,333 23,( 4.716 125,DOOI 5,1071 2S.107 2Q,347 12.175 9.565 12.795 9,565 9,565 B,084 40.ty)0 162.WO 28.547 140,OODI 162.IMhl I62. 10.955 4.167 10.9$5 248.456 277.521 35.214 47.B47 256.931 339.992 13-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Other trading activities Unrestricted Restricted funts funds gen•ral 2022 Totsl unsIn.cted Restricted fvnds fvnd$ general 2021 Total 2022 2022 2021 2021 Fundraising events 11.751 543 12,294 9.985 556 10.541 Investments Unrestrtcted Unrestricted funds funds general general 2022 2021 Rental in¢ome 12.399 10,440 Oth¢r in¢¢)me Unrestricted Unrestn'cted fvnds fvnds 99neral general 2022 2021 Restn'cted fvnds Total 2021 2021 Extem31 training CJRS Granl 81 81 5.706 1.266 5.706 1.266 5.706 81 5,787 Raising funds Unrestrictsd VAstr Restricted funds fvnds funds general general 2022 2021 Totsl 2021 2021 Other fundraising costs Support costs 468 2.755 134 2,756 127 255 2,756 Fundraising and publioty 3.223 2.890 3,011 3.223 2.890 121 3.011 14-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable activities Publi¢ Education Benefit 2022 Quallty of Health and Life Wellbping 2022 2022 Tolal 2022 Totsl 2021 2022 Staff costs Premises and other costs Office costs 65.489 56.031 12,015 4.703 4,515 371 165.809 52.372 2.004 236.001 116.238 14.516 324,497 48,761 57,827 3.320 126 133,535 9.589 220,185 366.755 431,065 Share of support costs {see note 101 Share of goveman¢e costs (see note 10) 94.291 4.487 2.362 9.841 110.981 110,989 S.C61 5.061 5,081 232.887 7.933 11.951 230.026 482.797 547,155 Analysis by fvnd Unrestricted fvnds- general Restricted funds 204.034 28,853 7,933 4,494 7.457 26,903 203.123 243,364 239.433 337.775 209.380 232,887 7,933 11,951 230.026 482,797 547,155 For the year ended 31 March 2021 Public Education 8ènefft Qualty of Health and Wellbeing Totsl 2021 Staff costs Premises and other costs Office ¢ost$ 75,197 40.244 24,899 53,792 111 2.331 195,508 7,986 30,402 324.497 48,761 57.827 420 195 140.340 615 56,234 233,896 431,085 Share of support costs (see note 10} Share of govemance Cosls (see note 10) 94,296 5.067 4,488 2,362 9,843 14 110,989 5,081 239,703 5,103 58,596 243,753 547,155 Analysis by fund Unrestncted funds- general Restricted funds 239,703 615 4,488 54,236 4.360 43,221 200,532 337,775 209.380 239.703 5,103 58,596 243.753 547,155 1s-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable •ctlvili8s (Continued) 10 Support ¢o$ts Support Gov8mance Costs costs 2022 Support Governance costs costs 2021 Staff costs Depreciation 39.362 74.374 39.362 74,374 39.371 74.374 39,371 74,374 Accountancy Lpgal and professnal 3.900 1.161 4,746 335 4,746 335 1.161 113,736 5.061 118.797 113.745 5,081 118,826 Analysed between Fundraisin9 Charitsble actiwties 2,755 110.981 2.755 116.042 2,756 110.989 2,756 116,070 5.061 5,081 113,736 5,061 118.797 113.745 5,081 116,826 CEO'5 salary is ajlocated followng an assessment of the time spent in moniloring and supervising front line stsff and for running ath"vrties herself. Depreciation is alkxated to Public Benefft as all acbvities are funded from stn"cted funds. The majority of governance costs are albts¢ated to Pul1¢ Benefit as all other activities are fvnded by restricted funds wth the exceptr'on of subscriptions vthich are alocated based on vthich acb.vity incurs the cost. Govemance costs include payments to the IrKlependent Examiner of £3.90012021..£4,746} 11 Trustee None of the Trustee lor any persons connected wth them) received any mUneratIon or benefits from the Charity during the year. 12 Employees The average monthty number of employees during year was.. 2022 Number 2021 Number Charitable adivrties Adminislralion 11 Total 14 16 16-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 12 Employoes {Continuedl Employment costs 2022 2021 Wages ant1 salaries Social security ¢osls Other pension costs 249,783 14.929 10.651 328.155 21,589 14.124 275,363 363.868 There We no employees vthose annual reMufteratn was more than £60.000. 13 Transfèrs Tran$f8rs Transfers relate to a proporb'on of the ovethead costs charged to the indNidual projects (see note 211. During year. the redundancy reserve VRS ¢ased to rellect stsff ¢hanges during the year I see note 22). 14 Tangiblg fixod assots Leasehold land and buildin 8uildiThJ Fixturns. fitbngs & •4uipm•nt Total Cost Al 1 April 2021 1.831.596 90.172 31.363 26,034 1,979,165 Al 31 March 2022 1.831,596 90.172 31.363 26,034 1,979,965 Depreciation and impaimient At 1 April 2021 Depreciatson charged in the year 1.261.499 73,264 90.172 31.363 24,924 1,110 1,407.958 74,374 At 31 March 2022 1,334.763 90.172 31.363 26,034 1,482,332 Carylng amount At 31 March 2022 49S.833 496,833 At 31 March 2021 570.096 1,110 571,206 During the year part of the lease)1 property was nted out by the Charity to other charrtable organisations. The fair value of ttrus compmenl part of the property cannot be relrabty measured wrthout due cost tj the Chanty 17-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 15 D•btors 2022 2021 Amounts falling due within on• year: Trade debtors Prepayments and accrued income 41,067 4,493 82,096 5.353 45.560 87,449 16 Crnditors: amounts falling due within one year 2022 2021 N¢)ts$ Other taxation and social securty Government grants Trade creditors Other creditors Accrua15 and defeed income 4,281 5,959 36,955 4,995 4,294 4,746 17 8.320 1,317 3,900 17,818 56,949 17 Govemm¢nt grnnts Deferred income is included in the financial statements as follows." 2022 2021 Deferred income 15 induded wthin: Crn1 liabilrties 36,955 Movements in the year.. Deferred income at 1 April 2021 Released from prevK>us period$ Resources deferred in the year 36,955 (36,9551 36.955 Defer1 income at 31 March 2022 36,955 18-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 11 Restrkl•dhth Mov•n•nt in fvnds 1Aw4 alll 31 MchIDI2 HeaRhy Liwtl9Centre 4B.110 3,19 13.181 111.6201 162.D5B 20.347 40.WD 138.$27 Q8.24$1 43.396 16.5BZ 16.n3 27.222 182.wo 132.8521 202 110.0001 P.9111 $0.547 116.7B41 Breasiieedity SLVPXiSe lunds 47.200 57.498 26.192 28.848 35.$45 43.491 152.9611 5Z,N1 2.309 2C8.501 7.174 103.923 206.698 1239.4331 105.557 The Heatthy Lwhig Centre woprtprryites aid2 The Comic Relef funding lo de¥eW aywry ptopus to ee rayer rwlE to xbvily. 0kl9 a diete8 to thwr urt9 irteractifs ithtrY pes. Induded Inoiherknys are Oiop aTrJ GaFdenPrcpcts.
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 19 Do$ignated lunds The Nicome funds of the charity indude the foll9 deSnated funds vthich have been set a5KJe of UnstrICted furKls by the trustees for speufi¢ pU0$es.. Balan at Transfw5 1 April 2020 Balanu at l April 2021 TTan5f•r5 8alance at 31 March 2022 Redundan¢y Reserve Maintenance Fund 84.602 14.400 7.410 92.012 14,400 {4,9531 87.059 14,400 99.002 7,410 106.412 (4,9531 101.459 The Redundan¢y Reserve ha$ been desgnated lo cover Ihe costs of redundancy payments should th? organisation cease to operate. The Maintenance Fund ha$ been designated to cover the gOIng regular bLrt infrequent costs associated with the maintenance of the building. -20-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDEO 31 MARCH 2022 20 Artyth at Tcthi fvr 2072 fund 2021 fund$ 2021 tund5 2021 2ts22 2022 2021 at 31 Marth 2022 re reweth Tangible asset5 496.833 121,135> 496.833 571.2(6 182,927 571.20S 182.927 101.4 1O5.$87 47S.698 101.4$9 105.$87 602.744 751.133 751.133 -21-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 21 Operating 18ase ¢ommitments At the reporting end date the Charity had outstanding cornmitments for future minimum lease payments under nonthcancellable operating leases. which fall due as follows.. 2022 2021 Within one year Befvn tsvo and five years 2.474 8.028 6,259 2.704 10,502 8,963 22 Related party transactior Remuneration of key management personnel The remuneration of key management personnel is a$ folbws. 2022 2021 Aggregate mpenSatiOn 35.788 35,78B Induded 4Mthin donalKJns gffts a donab.ons from trustees and Key management personnel lotslling £195 {2021'. £2051. There We no other dis¢bsable related party transactions during the year12021 - none)