ANNUAL REPORT & FINANCIAL STATEMENTS 2020/2021
3 B e l m o nt Ro a d | Wr ex h a m L L 1 3 7 P W 0 1 9 7 8 3 6 4 7 7 7 info@abfwxm.co.uk @ A B F W X M ABF is a company limited by guarantee (no. 04052135) and a registered charity (no. 1089638)
CONTENTS
Chair’s statement
3 Financial statements and reports
| Financial statements and reports |
|
|---|---|
| Income and Expenditure | 12 |
| Balance Sheet | 13 |
| Cash Flows Statement | 14 |
| Notes to the fnancial | |
| statements | 15-18 |
| Trustees’ approval | 18 |
| Independent examiner’s | |
| report to the trustees of ABF | 19 |
Trustees’ report
| Trustees’ report | |
|---|---|
| Reference and administration | |
| information | 4 |
| Structure, Governance and | |
| Management | 5 |
| Objectives and activities | 5-7 |
| Achievements and | |
| performance | 7 |
| Financial Review | 9 |
| Future plans | 10 |
| Recognition / thanks Public Beneft |
10-11 11 |
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Chair’s statement for the year ended 31[st] March 2021
The year has been dominated by Covid which has impacted upon us all. It forced us all to change from what was familiar to something completely different. In doing so, it generated concern, anxiety and, to some extent, fear. The need for Advance Brighter Futures ABF) and the services it provides was never greater. The speed at which ABF adjusted its provision and moved “online” was startling. The adaptability of staff, who changed from their normal methods of working to something completely different, was equally amazing. The willingness and commitment of the staff to ensure that support was there for whoever needed it was incredible. I am grateful to my fellow trustee, Rob Cox, Lorrisa and all the staff that made the transition to “online” services possible.
Over time, the “online” provision was perfected while, at the same time, new services were developed and introduced. These new services enhanced the support that we were able to offer to those in need. The entire team at ABF should be incredibly proud of what has been achieved during a very difficult and demanding time.
As a result of hard work and a determination to succeed, the “funding team” secured funding from a range of sources throughout the year. This included a significant grant which will allow us to extend and improve our premises. This will increase our capacity to assist our service users and provide them with first class facilities. I would like to thank the “funding team” for their energy and determination - obtaining funding in the current climate is not an easy task.
The operational plan reflects the need to consolidate and focus on our current provision, address waiting lists, extend and improve our facilities and prepare for a further increase in demand as we emerge from Covid. After a year of constant change and turmoil, I am sure a period of stability will be beneficial for us all.
The board will continue to guide ABF, taking strategic decisions to strengthen and develop the charity. The board will do so while bearing in mind our aim of promoting good mental and physical health, while assisting individuals to discover their own solutions, and supporting them while implementing those solutions.
I am grateful for your support over the past year - it has been much appreciated. We do however need to look to the future as there will be much to do. We are in a strong position and with committed supporters and an outstanding team, we are able to make a difference. I look forward to working with you all in order to make that difference.
Regards,
Rick Bedson Cadeirydd y mddiriedolwyr Chair of trustees
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Report of the t rustees for the year ended 31[st] March 2021
The trustees are pleased to present their report together with the financial statements of the charity for the year ending 31[st] March 2021.
Reference and administration information
Charity number: 1089638 Company number: 04052135 Principal office: 3 Belmont Road, Wrexham, LL13 7PW Company Secretary : Lorrisa Roberts
Independent Examiner: Iona Edwards Chartered Accountant 19 Denbigh Street, Llanrwst, Conwy LL26 0LL Bankers: NatWest, Wrexham Branch, 33 Lord Street Wrexham LL13 1LS Lloyds, Wrexham Branch, 28 Regent St, Wrexham LL11 1SE Virgin Money Plc, Jubilee House, Gosforth, Newcastle-uponTyne NE3 4PL
Directors and Trustees
The directors of the charitable company (the charity) are its trustees for the purpose of charity law and throughout this report, are collectively referred to as the trustees.
The trustees serving during the year and since the financial year end were as follows:
| Trustee | Position | Appointed (originally) |
Resigned |
|---|---|---|---|
| MrsRosemarieWilliams | Director/Trustee | 2010 | |
| Mr Philip Jones | Director /Trustee | 2015 | |
| Ms Catherine Taylor | Director /Trustee Chair | 2015 | 2020 |
| Mr RobertCox | Director/Trustee | 2016 | |
| Mr Matt Wellings | Director /Trustee | 2016 | 2020 |
| Ms JustineMason | Director/Trustee | 2018 | |
| Mrs JaneFrancis | Director/Trustee | 2018 | |
| Ms Keli Evans | Director/Trustee | 2018 | 2020 |
| Mr RichardBedson | Director/Trustee Chair | 2020 | |
| Mr Marc Jones | Director/Trustee | 2020 | |
| Mr Sam Marrs | Director/Trustee | 2020 | 2021 |
| Mr James Hayward | Director /Trustee (Co-opted) | 2021 |
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Structure, Governance and Management
Governing Document:
The registered charity started in 1992 and was incorporated in the year 2000. The ‘Memorandum and Articles of Association’ was updated in 2014. The name of the company was changed in 2014 omitting the word ‘Wrexham’ to reflect provision for people from the wider area.
Appointment of Trustees:
Members nominate trustees prior to the AGM to fill vacancies. One third must retire at each AGM. The trustees appoint a Chair and Treasurer.
Trustee Induction and Training:
New trustees are briefed on their legal obligations, good governance, the committee and decision-making processes, and the financial performance of the charity. All trustees are provided with the essential trustee document provided by the Charity Commission. Trustees are encouraged to attend appropriate internal and external training events and update other trustees. Any trustee who fails to attend three meetings without apologies or good cause, will automatically be deselected and will cease to be a trustee.
Organisation:
At the date of signing this report, the board had 9 trustees. The board currently meets monthly and there are various sub-committees. Mrs Lorrisa Roberts has been the Chief Officer for 9 years and oversees the day-to-day operations of the charity with the support of 3 full-time, 10 part-time staff and 2 casual staff members at the year end. At the close of the year, there were 12 active volunteers supporting the activities of the charity.
Objectives and activities
The objectives of ABF are the promotion of good mental and physical health, primarily (but not exclusively) within the County Borough of Wrexham and the surrounding areas, by the provision of support to people experiencing poor physical, mental, or emotional wellbeing.
The charity has refined its services over the years to methods proven to work:
-
In 2008, the charity started to provide group activities for persons with the most complex mental health problems. The objective has been to promote active healthy lifestyles and mental wellbeing using community facilities and green spaces. The varied and changing range of activities that are requested by, and that are of benefit to, the people we support include walks, relaxation, badminton, football, gardening, etc. Participation leads to social inclusion by supporting people back into the community. The group activities continued throughout the year and were incorporated into a new project launched during the year following the review.
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Since 2010, the charity has provided one-to-one mental health lifestyle coaching; supporting individuals with severe mental health problems to identify and achieve personal goals.
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The charity provides volunteering opportunities to anyone who has the commitment and ability to help with its objectives. The training received in helping others gives the volunteer themselves new perspectives, selfconfidence, and self-worth.
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2016
-
The charity launched PAR (Promoting Awareness & Resilience) a new schools project focusing on workshops teaching emotional wellbeing and later expanded this by forming a new partnership with Plas Madoc Leisure Centre.
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The PRAMS project was expanded to offer one-to-one support through talking therapies. Students on placement need to offer person centred support to individuals to complete their counselling qualification. The project identified talking therapy as a need because many mums had experienced traumatic births and/or were struggling with the impact of having a new baby in their lives.
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The charity continued developing and delivering courses and joined a new partnership with Adult Community Learning (ACL). The charity continued to deliver workshops in Coleg Cambria and Mental Health Awareness was also delivered in Wrexham Glyndŵr University.
2017
-
ABF launched a new engagement and transition project which enables the charity to work closely with inpatients at Heddfan. It is an exciting project with elements of best practice from our group activities project, lifestyle coaching and the pilot ‘Viva in Heddfan’ which ran in 2012. The project has been well received in its development and has been incorporated with lifestyle coaching and group activities under one overall project name - BYW which is the Welsh translation of “alive” or “to live”. The initialism stands for “Believe You Will” in English.
-
The roof of the building the charity owns was completely replaced during the summer months of the year which has eliminated damp patches and leaks that were causing issues. This was hugely funded by specific donors including The Screwfix Foundation and The Clothworkers’ Foundation.
-
Key funding was secured for PRAMS enabling us to continue the service as well as a new development targeting women during pregnancy with the ‘You and Your Bump’ course.
2018
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The charity was awarded the level one Trusted Charity (previously named PQASSO) accreditation mark for quality assurance in February 2018.
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Planning permission to extend the rear of the building was obtained and all architect drawings and structural reports are ready for when funding is secured.
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The ‘You and Your Bump’ course was launched to meet an early intervention agenda, while connections to build this element of the charity’s work are continually being developed.
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The charity developed new courses including ‘Five to Thrive’ and ‘Mental Health Awareness’, both of which have grown in popularity during the year meaning more people have requested these sessions.
-
Two members of staff became Dementia Champions and the whole staff team were invited to become Dementia Friends.
2019
-
Two members of staff officially became Mental Health First Aid (MHFA) facilitators in both England and Wales.
-
An Engagement Coordinator and Development Officer were recruited, marking a significant increase in resource for the charity.
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The BYW review was completed and paved the way to make lifestyle coaching more accessible via Primary Mental Health Team referrals.
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Funding secured for lifestyle coaching to continue and core funding towards administration was put in place.
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- Key training was attended to develop the charity's ability to demonstrate social impact through the Social Value Cymru project.
2020
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Two members of staff officially became Youth Mental Health First Aid (MHFA) facilitators.
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An Operations Officer and Business Development Officer were recruited, marking a significant increase in resource for the charity.
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The quick response to the pandemic meant only one member of staff was furloughed and all others set up to work from home with more project staff being recruited.
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All services resumed in an adapted way, or new services developed to respond to need. Key examples include our telephone check-ins and the launch of our ‘Help And Listening Online’ (HALO) project.
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New family support services introduce such as pre-birth specialist therapy, relationship counselling, Young persons’ wellbeing coaching, Family Group (Support) Meetings and our PRAMS project started delivering in Flintshire County.
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We offered more support and training to unemployed people in Wrexham through the Legacy fund.
2021
- The charity was awarded the community facilities grant from Welsh Government which will enable the planned building expansion and improvements to begin and be completed during the year.
Achievements and performance
The principal achievement was that the charity received 350 new referrals, and continued to offer help, information, and support to many referrals from the previous year. The pandemic brought us new challenges, but also opportunities to develop the way we worked to continue to be an important and trusted organisation within our community. All staff were set up to work from home within a day of the announcement, recommending that if you could work from home, you should. We found a key role for us was to reassure and inform the people we support what was happening and what support was available.
During the year we were part of the Lloyds Bank Foundation report research study – the ‘Value of Small’. The study demonstrated that we reach people that mainstream services don’t and that as a small mental health charity, we have a unique relationship with the people we support.
As you might expect, the impact of the coronavirus pandemic on our local community has been significant both for those with existing mental health problems as well as those who developed symptoms during the pandemic.
The prolonged lockdown severely impacted those that we have been supporting in a variety of ways including health, wellbeing, finances, family matters and socially. As an immediate response to the first lockdown, we started offering weekly check-in calls to those we support to ensure that they had a space where they felt comfortable to discuss any issues they were facing, as well as providing a vital source of social interaction each week. ABF staff delivered over 750 weekly check-ins. For many, this was the only social interaction they had on a regular basis. We also moved nearly all our services online. We also re-opened our building (in a Covid safe way) as soon as possible as a result of repeated feedback that face-to-face services were needed.
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During the year, the charity predominantly used SWEMWBS as the most suitable outcome measure for groups and lifestyle coaching remotely (over the phone or via Zoom). Results were unsurprisingly mixed due to the complexity of working within a pandemic, however, there was an overall average improvement on the SWEMWBS measure of +5. This is a significant improvement and equates to a move up in the ‘category’ e.g., a move from moderate wellbeing to high wellbeing.
----- Start of picture text -----
Progress between categories
High wellbeing Moderate wellbeing Low wellbeing
Start End
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Although we saw a significant decrease in new referrals, the team worked hard during the year to support existing referrals from the period prior to the pandemic. We delivered over 750 ‘telephone check-in’ sessions as many people did not feel able to benefit from our other services in such an uncertain period. Also, a new project was developed in response to the pandemic - ‘Help And Listening Online’ (HALO). Between November and March 2021, 19 individuals benefitted from the 66 sessions provided, giving a total of 147 attendances.
Our talking therapies services (including PRAMS) helped people to reach an average reduction in self-reported scores of depression by 50% (using the PHQ-9 measure).
----- Start of picture text -----
PHQ9 movement between categories
None Mild Moderate Moderately Severe
severe
Start End
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Our talking therapies services (including PRAMS) helped people to reach an average reduction in self-reported scores of anxiety by 46% (using the GAD-7 measure). The charity is helping people to overcome mental health problems and build better lives.
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----- Start of picture text -----
GAD7 movement between categories
Normal Mild Moderate Severe
Start End
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Demand for ABF’s services is expected to increase as they have become more recognised by local mental health professionals, and sought after by more people in need. The charity’s Believe You Will (BYW) Engagement Project is currently working at overcapacity and has a waiting list of about 8 weeks. PRAMS is taking on more people year-on-year, rising by 63 referrals from the year 2019-2020 to 2020-2021, and the waiting time to access the talking therapies is about 12 weeks. During the year, the charity expanded provision to Flintshire which accounts for some of the rise, but there was also an increase of 37 referrals within Wrexham County only.
Annual ‘Café and Chat’ consultations run by ABF have enabled people we support to signal that expansion of BYW and provision of earlier intervention support should be key aims of the charity. In 2021, the annual ‘Café and Chat’ consultation was rebranded to ‘Not Just Talk’ and we are aiming to update the business plan with the results in August/September 2021.
Financial Review
The charity’s total gross income was £341,517 (previous year £189,990), with net income being £258,409 (previous year £175,383). This represents an 80% increase on the preceding year’s gross figure.
The principal funding sources for ABF in the year were:
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Adult Community Learning Partnership
-
Betsi Cadwaladr University Health Board
-
Lloyds Bank Foundation for England and Wales
-
The Steve Morgan Foundation
-
The Tudor Trust
-
The Williams Family Foundation
-
WCBC Families First Programme
-
Wrexham County Borough Council
The charity again raised a substantial amount through fundraising endeavours in total £14,274 (previous year £14,708). Room hire income decreased to £1,096 (previous year £3,435).
Total charitable gross expenditure was £245,904 (previous year £158,339), with net expenditure being £220,911 (previous year £154,323). This represents a 55% increase on the preceding year’s gross figure. The charity’s continuous value for money review programme produced savings and kept expenditure within budget. During the year,
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the training room ceiling and electric board was completely replaced and there were some plumbing repairs carried out.
The funds in the reserve will be invested in an interest-bearing account and will be expended on future large repair bills in excess of the annual budget for the operational needs of the charity.
The trustees’ policy is to maintain a minimum reserve of 3 months expenditure and, ideally, 6 months to cover any funding gap. Reserves were not called upon during the year. At 31/03/2021, 4 months of operational reserves were held.
Comprehensive notes in the financial statements provide additional information and clarification of the figures.
Funds held as Custodian Trustees - None.
Future plans
The priorities for improvement and expansion of current activities and services in the year ended 31/03/2022 are:
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Complete the planned building extension and renovation (expand the building space to include two additional meeting rooms to cater for increased demand).
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Review and stabilise reporting / monitoring system to be fit for purpose
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Deliver successful HALO project extension (delivering 3 sessions per week) with full review and decision whether to source further funding to continue
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Establish and deliver PRAMS Flintshire extended project
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Research a financially robust social enterprise to support the sustainability of ABF
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Raise the profile of the charity through press, social media, website, building new and existing partnerships and networks
Recognition / thanks to staff, volunteers, funders and donors
The trustees would like to thank the staff and volunteers of the charity who put in much more than expected every single week. Our success truly would not be possible without their on-going commitment to helping every person individually on their recovery journey. We would also like to thank the funders and donors that have made the work of the charity possible and for being so supportive throughout the year. In particular, we thank the main funders aforementioned for their valued support. We also thank the many supporters that help with various tasks and funds for the charity;
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The Screwfix Foundation, B&Q Foundation, Best Companies Ltd, Marsh Christian Trust, DTCC, Hydro Aluminium, Disclosure Services, Comic Relief / AVOW Voluntary Sector Emergency Fund, Comic Relief / FLVC Voluntary Sector Emergency Fund, Cadwyn Clywd, AVIVA community fund donors, TK Maxx Foundation, Matalan, Coop, Groundwork / Tesco Bags of Help, Marford and Gresford Cycling Club, Inner Wheel Llangollen, Llangollen Wharf cake sale, Llangollen Carriage Tea Room, Coleg Cambria Estates Team, DSL Mobility Ltd, Whitton Morris School Of Dance, Malcolm Davies & Sons builders, MSC Technology and Wrexham Yale Rotary Club for their donations.
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The following Community Councils for their donations; Offa, Caia Park, and Acton
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All the local businesses that have displayed a collection box for us. Charisma Trophies for providing a mounting plaque for our wall and The House Name Plate company for providing a sign at our building,
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The charity is very grateful for donations received in Loving Memory of Marc Lee Evans, Dorothy “Dolly” Tomlinson, Matthew Collins, Bert Hughes and Emma Lloyd.
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Everyone who made private donations, everyone who completed and supported Facebook Birthday fundraisers, Ben Williams for his head shave fundraiser, Elaine Hughes for her fundraising through découpage, Wrexham Glyndŵr University staff for their Christmas Tree donation page fundraiser and Saith Seren who donated a bottle of Ryan Reynolds’ Aviation Gin for us to raffle.
The trustees wish to thank Mrs Iona Edwards, the Independent Examiner and Mr. Annesley Wright, who has served as an advisor and treasurer to the board. We would also like to thank all the people we support for your welcome and ongoing feedback on services and future developments.
Public Benefit
The trustees have considered and complied with the Charity Commissioners’ guidance on the requirements for public benefit. The aims, actions and achievements of the charity have been entirely for public benefit.
The trustees’ plans for the foreseeable future continue to be entirely for public benefit, increasing both the amount and quality of wellbeing support offered. No remuneration has been paid to the trustees and no personal financial benefit has been derived by the trustees.
This report has been prepared in accordance with the statement of recommended practice for accounting and reporting by charities (issued March 2005). Approved by the board of trustees on 2 8[th] October 2021, and signed on its behalf by:
Rick Bedson
Cadeirydd y mddiriedolwyr Chair of trustees
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Income and Expenditure 2020-2021
| Note no. | Year Ended | Year Ended | |
|---|---|---|---|
| 31/03/2021 | 31/03/2020 | ||
| Income from Charitable Activities | 29500 | 27350 | |
| Group Activites | 15872 | 23399 | |
| Courses | 21746 | 25076 | |
| Core Funding | 166467 | 80635 | |
| Fund Raising | 14274 | 14708 | |
| Interest | 355 | 749 | |
| Room Hire | 1096 | 3435 | |
| Membership Subscription | 3 | 31 | |
| Capital Income | 9096 | ||
| NET INCOME | 10 | 258409 | 175383 |
| Payroll Costs | 4 | 186521 | 138392 |
| Operational & Governance Costs | 17487 | 9929 | |
| Premises Costs | 6879 | 6002 | |
| Capital Expenditure | 9212 | 0 | |
| Depreciation | 812 | 0 | |
| CHARITY EXPENDITURE | 11 | 220911 | 154323 |
| TOTAL Surplus / Deficit for the year | 12 | 37499 | 21060 |
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Balance Sheet
| BALANCE SHEET | Note no. | 31/03/2021 | 31/03/2020 |
|---|---|---|---|
| FIXED ASSETS | |||
| Property | 155114 | 155114 | |
| Property Disposal | 0 | 0 | |
| Total Property Cost | 155114 | 155114 | |
| Less Grants | -155114 | -155114 | |
| Net Cost of Property | 0 | 0 | |
| Furniture/Equipment | 2821 | 0 | |
| Total Fixed Assets | 5 | 2821 | 0 |
| CURRENT ASSETS | |||
| Debtors | 6 | 13821 | 7375 |
| Bank Accounts and Cash | 7 | 240115 | 141521 |
| Total Current Assets | 253936 | 148896 | |
| CURRENT LIABILITIES | |||
| Accruals | -24215 | -13000 | |
| Deferred Income | -71564 | -12416 | |
| Total Current Liabilities | 8 | -95779 | -25416 |
| Net Current Assets | 158157 | 123480 | |
| ASSETS LESS LIABILITIES | 160978 | 123480 | |
| CHARITABLE FUNDS | |||
| Designated Unrestricted Funds | 39778 | 22280 | |
| Operational Reserves | 120000 | 100000 | |
| Specific Restricted Funds | 1200 | 1200 | |
| Total Funds | 9 | 160978 | 123480 |
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Cash Flow Statement
| Year Ended | Year Ended | |
|---|---|---|
| 31/03/2021 | 31/03/2020 | |
| Net Cash provided by operating activities | 37143 | 20312 |
| Interest | 355 | 749 |
| Fixed Assets Purchased | -3633 | |
| Increase of current assets | -6446 | -5075 |
| Decrease in current liabilities | 70363 | -39834 |
| Depreciation | 812 | 0 |
| Movement in cash flow | 98595 | -23848 |
| Opening bank balance | 141521 | 165369 |
| Closing bank balance | 240115 | 141521 |
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Advance Brighter Futures Ltd - Statement of Financial Activities
Income and Expenditure Notes Year Ended 31/03/2021
Note No
1 Accounting Policies
Charity Information
Advance Brighter Futures is a registered Charity and a private company limited by guarentee incorporated in England and Wales. The registered office is 3 Belmont Road, Wrexham, LL13 7PW.
1.1 Accounting convention
The accounts have been prepared in accordance with the Companies Act 2006 and the Charities Regulations 2008 as well as the Charities Act 2011. The charity is a small charity under Companies Act 2006, and therefore exempt from external audit in accordance with section 477 of the Companies Act 2006.
1.2 Going concern
At the time of approving the accounts the Trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Charitable Funds
Funds and Reserves held by the Charity are:
Operational Reserves - these are funds which can be used in accordance with the charitable objectives at the discretion of the Trustees
The charity's policy is to maintain a minimum of 3 months expenditure reserve and
ideally 6 months. The unrestricted operational reserve £120000 is the monetary figure available that could cover unexpected expenditure or expected expenditure during
a 6 month funding gap. This is an increase on last year in order to reflect increased actual and predicted expenditure.
Designated Funds - These are funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects
The designated funds carried forward are for specific expenditure in the next two years, which will predominately be for the renovation of the property.
Specific Restricted Funds - these are funds that can be used for specific restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor.
1.4 Incoming Resources
All incoming resources are included in the Statement of Financial Activities when the charity has received the funds
1.5 Resources Expended
Expenditure reflects all amounts paid and accrued during the year. Expenditure includes VAT which is not recoverable
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1.6 Fixed Assets
Fixed assets are initially measured at cost less any depriciation and any specific capital grants received to purchase the property
Depriciation rates
Furniture and Equipment 20% on a straight line basis Computer Equipment 33% on a straight line basis
1.7 Retirement Benefits
The charity operates a defined contribution pension scheme and the pension charge represents the employers contribution to that defined contribution pension scheme (NEST)
1.8 Taxation
The charity benefits from Employment Allowance in relation to PAYE. The charity is not registered for the recovery of Value Added Tax
2 Trustees
None of the Trustees (or any person connected with them) received any renumeration during the year
3 Independent Examiners renumeration
There are no fees payable or paid to the Independent Examiner for their examination
4 Employees
| Employees | Employees | |
|---|---|---|
| The average number of employees during the year | ||
| Part time | 11 | |
| Full time | 4 | |
| Employment Costs | 31/03/2021 | |
| Wages and Salaries | 163041 | |
| Employers NI | 9786 | |
| Employers Pension Contribution | 13695 | |
| 186521 |
The number of employees whose annual renumeration was £60000 or more were none
5 Fixed Assets shown at historical cost
| Land and | Furniture & | Computer | TOTAL | |||
|---|---|---|---|---|---|---|
| Buildings | Equipment | Equipment | ||||
| Cost | 155114 | 0 | 0 | 155114 | ||
| Additions | 0 | 2978 | 655 | 3633 | ||
| Disposals | 0 | 0 | 0 | 0 | ||
| At 31/03/21 | 155114 | 2978 | 655 | 158747 | ||
| Depreciation % | 20% | 33% | ||||
| At 31/03/20 | 0 | 0 | 0 | |||
| Disposals | 0 | 0 | ||||
| Charge for the year | 596 | 216 | 812 | |||
| Accumulated at 31/03/21 | 596 | 216 | 812 | |||
| Grants | 155114 |
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Net book value At 31/03/21 0 2382 439
2821
The property at 3 Belmont Road was completely grant funded and therefore does not have any Net Book Value
6 Debtors
Amounts receivable within one year:
| Trade debtors Bank Accounts Natwest Lloyds Virgin Money Cash Current Liabilities Accruals Deferred Income Current Liabilities |
2021 2020 13821 7375 31/03/2021 31/03/2020 56517 15506 79913 62640 103685 63374 0 0 |
|---|---|
| 240115 141520 2021 2020 -24215 -13000 -71564 -12416 |
|
| -95779 -25416 |
7 Bank Accounts
8 Current Liabilities
Accruals
Liabilities paid in April 2021 relating to 2020/2021 expenditure Creditors
Relating to deferred income
9 Charitable Funds
| Unrestricted Funds: | 2021 | 2020 |
|---|---|---|
| Designated Funds | 39778 | 22280 |
| Operational Reserves | 120000 | 100000 |
| Specific Restricted Funds | 1200 | 1200 |
| Total Funds | 160978 | 123480 |
These funds and reserves are the accumulation of previous surpluses and designated to specific projects and events.
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10 Income
| 10 Income | |
|---|---|
| Net Income 11 Expenditure Payroll Costs Operational Costs Premises Costs Capital Expenditure Depriciation CHARITY EXPENDITURE 12 Difference between income and expenditure Net Income Charity Expenditure Surplus |
2021 2020 258409 175383 2021 2020 186521 138392 17487 9929 6879 6002 9212 0 812 0 |
| 220911 154323 2021 2020 258409 175383 220911 154323 |
|
| 37498 21060 |
13 Treasurers Report for year ended 31/03/21
These accounts have been prepared by the Finance Officer at Advance Brighter Futures and reviewed by the Treasurer to ensure that they comply with the Companies Act and Charities Act regulations and recommendations. The notes 1-12 above reflect the accounting policies and procedures applied by ABF.
14 Directors' Report
The Directors' acknowledge their responsibility to comply with the requirements of the Companies Act 2006 and the Charities Act 2011.
The financial statements have been properly prepared in accordance with UK GAAP for smaller entities whilst recognising the need to comply with Charities Act 2011. The recommendations of SoRP and the 2014 FRSse have been applied and adhered to.
Approved by the board on 28/10/2021 and were signed on their behalf by:
Rick Bedson Cadeirydd y mddiriedolwyr Chair of trustees
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Independent examiner’s report to the trustees of ABF
15/12/2021