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||||~PN|
|---|---|---|---|
|Report of|the Trustees|I Directors|3-9|
|Report of|the Auditors||10-12|
|Statement|of Financial|Activities|13|
|Balance Sheet|||14|
|Statement|of Cash Flows|||
|Notes to the Financial||Statements|16-26|
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|~Ch|t|k|1089313||||
|---|---|---|---|---|---|---|
|C||b|4268143||||
|Chairman:|||P J Woolas||||
|CEO.|||A Reeves||||
|C||S|S Carroll||||
||||Hollinwood||Business Centre||
||||Albert Street||||
||||Oldham||||
||||OL8 3QL||||
|Auditors:|||Wrigley Partington||||
||||Sterling House||||
||||501 Middleton|||Road|
||||Chadderton||||
||||Oldham||||
||||OL9 9LY||||
|Bankers:|||Royal Bank||of|Scotland|
||||Drummond||House||
||||1 Redheugha||Avenue||
||||Edinburgh||||
||||EH12 9JN||||
|Solicitors:|||Wrigley Claydon||||
||||29 - 33 Union|||Street|
||||Oldham||||
||||OL1 1HH||||
||||Rathbone|Brothers Pic|||
||||8 Finsbury|Circus|||
||||London||||
||||EC2M TAZ||||
|Trustees||at date ofthis re ort:|P JWoolas||(Chairman)||
||||L G Coop||||
||||J Jones||||
||||A RWalker||||
||||R Oldham||||
||||D Reay||||
||||TWailer||||
||||M Ruane||||
||||C Ball||||
||||J Devlin||||
||||M Littler||||
||||S N Meredith||||
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|||||2D22|||2021||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||Note|Funds|Funds|Funds|Funds|Funds|Funds|
||||E|E|E|E|E|E|
|INCOME|||||||||
|Donations
and legacies||2|11,892||11,892|9,013||9,013|
|Charitable
activities.|||||||||
|Service delivery||3|3,593,258||3,593,258|3,605,609||3,605,609|
|Other trading
activities:|||||||||
|Fundraislng|events||||||||
|Investment
income||5|66,164||66,164|46,902||46,902|
|Other|||||||||
|Total incoming resources|||3,671,314||3,671,314|3,661,524||3,681,524|
|EXPENDITURE|||||||||
|Raising funds||7|1,412||1,412|1,253||1,253|
|Charitable
activities:|||||||||
|Service delivery||7|3,728,059||3,728,059|2,961,493||2,981,493|
|Governance||7|43,231||43,231|42,319||42,319|
|Total expenditure||7|3,772,702||3,772,702|3,005,065||3,005,065|
|Net incoming
resources before|||||||||
|investment
gains/(losses)|||(101,388)||(101,388)|656,469||656,459|
|Net gains/(losses)
on investments||13|88,531||88,531|425,238||425,238|
|Net income/(expenditure)|||(12,857)||(12,857)|1,081,697||1,081,697|
|Transfers
between
funds||22|||||||
|Net movement
in funds|||(12,857)||(12,857)|1,081,697||1,081,897|
|Reconciliation
offunds|||||||||
|Total funds brought
forward|||4,109,686||4,109,686|3,027,989||3,027,989|
|Total tunds carried forward||22|4,096,829||4,D96,829|4,109,686||4,109,686|
##
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|||Note|2022f|2021
6|
|---|---|---|---|---|
|FIXEDASSETS|||||
|Tangible assets||12|138,690|171,753|
|Investments||13|3,526,879|2,178,661|
|Total fixed assets|||3,665,569|2,350,414|
|CURRENT ASSETS|||||
|Debtors|||95,271|102,415|
|Cash at bank and|in hand|15|727,938|2,397,204|
|Total current assets|||823,209|2,499,619|
|LIABILITIES:|||||
|Creditors
falling due within one year|||391,949|740,347|
|Net current assets|||431,260|1,759,272|
|Net assets||23|4,096,829|4,109,686|
|THE FUNDS OF THE CHARITY|||||
|Restricted income|funds|22|||
|Unrestricted
funds:||22|4,096,829|4,109,686|
|Total charity funds||22|4,096,829|4,109,686|
##
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||||||Note|2022f|2021f|
|---|---|---|---|---|---|---|---|
|Cash used
in operating|activities||||24|417,654)|1,138,091|
|Cash flows from investing
activities||||||||
|Interest income|||||||11,603|
|Dividend
income|||||5|66,164|35,299|
|Purchase
oftangible fixed|assets||||12|(58,089)|(105,953)|
|Purchase offixed asset investments|||||13|(1,259,687)|(43,007)|
|Proceeds from fixed asset|disposals|||||||
|Cash provided
by (used|in) investing||activities|||(1,251,612)|102,058)|
|Increase/(decrease)
in cash and cash|||equivalents|||||
|in the year||||||(1,669,266)|1,036,033|
|Cash and cash equivalents|at the beginning|||ofthe year||2,397,204|1,361,171|
|Total cash and cash equivalents||at the end ofthe year|||15|727,938|2,397,204|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||2022
f|2022f|2022f|2021f|
|2|Income from donations||and le acies|||||
||Donations|||11,892||11,892|9,013|
||Legacies|||||||
|||||11892||11892|9013|
|3|Income from charitable||activities|||||
||Service delivery:|||||||
||Centre courses|||33,123||33,123|26,442|
||Engineering|services||2,772||2,772|3,514|
||Recharged|activities|||||159|
||Assessments|||12,308||12,308|4,000|
||Consultancy|and audit work||210||210|3,674|
||Publications|||8,657||8,657|7,186|
||Products|||2,090||2,090||
||Voiceitt App|||24,458||24,458||
||NHSincome|||3,476,676||3,476,676|3,529,625|
||Partnerships|(formerly service level agreements)||32,964||32,964|31,009|
|||||3,593,258||3,593,258|3,605,609|
##
|5|Investment|income||||
|---|---|---|---|---|---|
||Interest on|listed investments|||11,603|
||Dividends|on listed investments|66,164|66,164|35,299|
||||66,164|66,164|46,902|
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|||||Charitable|activities|||
|---|---|---|---|---|---|---|---|
|||||vs
'U|v|||
|||||vU
2ve|8
OU|Total|Total|
|||||||2022|2021|
||||||||6|
|Costs directly allocated to activities||||||||
|Payroll and associated||costs|1,199|1,530,401||1,531,600|1,307,340|
|Materials||||4,113||4,113|2,738|
|Advertising||||52,559||52,559|22,975|
|Motor expenses||||2,571||2,571|2,032|
|Travel and accomodation||||79,602||79,602|25,237|
|Equipment
for service||delivery||931,546||931,546|677,035|
|Consultancy||||31,651||31,651|8,917|
|Fundraising
costs|||213|||213|183|
|Bad debts
Depreciation||||56,314||56,314|(356)
61,372|
|Computer costs||||64 950||64950|37389|
||||1,412|2,753,707||2,755,119|2,144,862|
|Support costs||||||||
|Payroll and associated||costs||392,713|34,231|426,944|333,327|
|Staff training||||12,599||12,599|10,417|
|Personnel,
recruitment||and CRB||13,017||13,017|2,746|
|Rent and rates||||141,518||141,518|137,406|
|Insurance||||17,838||17,838|11,559|
|Light, heat and water||||14,172||14,172|9,378|
|Repairs and maintenance||||12,642||12,642|19,289|
|Printing,
stationery|and|postage||20,480||20,480|16,570|
|Subscriptions
and journals||||21,539||21,539|8,167|
|Telephone||||6,335||6,335|5,340|
|Equipment
hire||||1,144||1,144|1,832|
|Audit|||||9,000|9,000|11,950|
|Accountancy||||2,000||2,000|2,000|
|Legal and professional||||13,473||13,473|22,056|
|Bank charges||||3,777||3,777|1,232|
|Sundries
and cleaning||||7,853||7,853|10,373|
|Irrecoverable
VAT||||248,217||248,217|199,073|
|Depreciation||||34,838||34,838|48,445|
|Loss on fixed asset disposals||||||||
|Research
and development||||2,980||2,980|4,889|
|Computer costs||||7217||7 217|4,154|
|||||974,352|43,231|1,017,583|860,203|
|Totalresources
expended|||1,412|3,728,059|43,231|3,772,702|3,005,065|
##
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|||||Total|Total|
|---|---|---|---|---|---|
|||||2022|2021|
|8|Staff costs|||K|6|
||Total staff emoluments||for the year were as follows:|||
||Salaries|||1,479,902|1,250,286|
||National|Insurance||150,944|128,486|
||Pension|(see note 21)||327,698|261,895|
|||||1,958,544|1 640667|
##
|The avera
during
the|ge
number
of full-time
equivalent
employees
year were as follows:|and secondees||
|---|---|---|---|
|||Number|Number|
|Chantable|activities:|||
||Service delivery|38.6|33.0|
||Governance|0.5|0.4|
|Raising funds||||
|||39.1|33.4|
|||||Number||Number||
|---|---|---|---|---|---|---|---|
|Between|860,000|and|f70,000||2||1|
|were 691,268 (2021:F90,|013).|013).||y
p|y
p|
|---|---|---|---|---|---|
|None ofthe trustees were|paid any remuneration||during|the year (2021.None). Travelling
expenses||
|amounting
to a total off862 (2021: Nil) were paid|||on behalf ofmne ofthe trustees|||
|Net movement
in funds||||||
|Net movement
in funds is|arrived|at after charging|/(crediting)'|||
|Depreciation
oftangible
fixed assets||||91,152|109,817|
|(Profit)/loss
on revaluation|offixed|asset investments||(88,531)|(425,238)|
|Operating
lease rentals||||123,176|124,343|
|Auditors'
remuneration:||||||
|Audit||||9,000|11,950|
|Other services||||2,000|2,000|
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|||Leasehold|Fixtures &|Computer|Assessment|Motor||
|---|---|---|---|---|---|---|---|
|||alterations|Fittings|Equipment|Equipment|Vehicles|Total|
||Cost|||||||
||At 1 April 2021|90,291|123,868|122,657|553,576|12,528|902,920|
||Additions||1,728|9,158|47,203||58,089|
||Disposals|||||||
||At 31 March 2022|90,291|125,596|131,815|600,779|12,528|961,009|
||At 1 April 2021|76,175|85,231|101,139|459,068|9,554|731,167|
||Charge for the period|7,614|9,986|16,495|56,314|743|91,152|
||Disposals|||||||
||At 31 March 2022|83,789|95,217|117634|515382|10297|822,319|
||Net Book Value|||||||
||At 31 March 2022|6,502|30,379|14,181|85,397|2,231|138,690|
||At 31 March 2021|14,116|38,637|21,518|94,508|2,974|171,753|
|13|Fixed asset investments|||||||
|Fixed asset investments|||
|---|---|---|
|Movement
in fixed asset investments.|2022|2021|
|||8|
|Market value at 1 April 2021|2,178,661|1,710,416|
|Additions
to investments
at cost|1,259,687|43,007|
|Net gain/(loss)
on revaluation|88,531|425,238|
|Market value at 31 March 2022|3,526,879|2,178,661|
|Fixed asset investments
by type.|2022|2021|
||E|5|
|UK equity funds|1,842,734|1,170,750|
|Overseas
equity funds|1,681,065|1,005,939|
|Total listed investments|3,523,799|2,176,689|
|Cash on interest
bearing deposit|3,080|1,972|
||3,526,879|2,178,661|
##
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||||||||2022f|2021
E|
|---|---|---|---|---|---|---|---|---|
|14|Debtors and
re a||ments||||||
||Trade|debtors|||||23,738|40,493|
||Prepayments
and accrued||||income||71,533|61,922|
||||||||95,271|102415|
|15|Cash|at bank and in|hand||||||
||Cash|at bank|||||727,938|2,396,793|
||Cash|in hand||||||411|
||||||||727,938|2,397,204|
|16|Creditors
amounts||fallin||due within one|ear|||
||Trade|creditors|||||150,174|293,744|
||Value|Added Tax|||||4,095|5,172|
||PAYE|and
Nl||||||32,409|
||Pension contributions|||||||35,046|
||Accruals||||||56,373|52,039|
||Deferred income||||||181,307|321,937|
||||||||391,949|740,347|
||Movements
on deferred|||income account:|||||
|||Brought forward|||||321,937|6,051|
|||Released|||||(321,937)|(6,051)|
|||Income deferred|||in current year||181,307|321,937|
||||||||181,307|321,937|
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|||At||||At|
|---|---|---|---|---|---|---|
|||1 April|Incoming|Resources|Investment|31 March|
|||2021|resources|expended|gains|2022|
|||E|F|E|E|E|
|Resricted Funds:|||||||
|Funds for restricted purpose.'|||||||
|Unrestricted|funds:||||||
|General fund||4,109,686|3,671,314|(3,772,702)|88,531|4,096,829|
|Total||4,109,686|3,671,314|(3,772,702)|88,531|4,096,829|
##
||General|Designated|Restricted|Total|
|---|---|---|---|---|
||Funds|Funds|Funds|Funds|
||E|E|E|E|
|Tangible fixed assets|138,690|||138,690|
|Fixed asset investments|3,526,879|||3,526,879|
|Debtors|95,271|||95,271|
|Cash at bank and
in hand|727,938|||727,938|
|Creditors due within one year
Net assets 31 March 2022|(391949)
4,096,829|||(391,949)
4,096,829|
##
|NO|TES TO THE FINANCIA|L STATE|L STATE|M|ENTS:|ENTS:|YEAR ENDED 31 MARCH|YEAR ENDED 31 MARCH|2022|
|---|---|---|---|---|---|---|---|---|---|
|24|Reconciliation
of net|movement|||in funds||to net cash flow from o||cretin
activities|
|||||||||2022|2021|
|||||||||E||
||Net movement
in funds|||||||(12,857)|1,081,697|
||Add back depreciation|charge||||||91,152|109,817|
||Add back assessment|equipment||transferred|||to clients||6,100|
||Add back (profit)/loss
on revaluation||||of investments|||(88,531)|(425,238)|
||Deduct interest income|shown|in|investing||activities|||(11,603)|
||Deduct dividend
income shown||in|investing|||activities|(66,164)|(35,299)|
||Decrease/(increase)
in|debtors||||||7,144|76|
||Increase/(decrease)
in|creditors||||||~(348,398|412,541|
|||||||||417,654|1,138,091|
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