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2022-03-31-accounts
| President |
G X Constantmidi |
| Trustees/Directors |
R Duckett (Chair) |
|
N K Topsom MBE |
|
DrT P Dudeney |
|
M Sayers |
|
C Richards |
|
RL Perkins (Treasurer) |
|
R Appleyard |
|
K Hinton |
|
F J Brookes |
|
J Streatfeild |
|
R Magnay |
|
F Ahmad ( appointed 9 June 2021) |
|
K K Sentence (appointed 20 March 2022) |
| General & Financial Manager |
L Grant |
| Charity number |
1089763 |
| Company number |
4299623 |
| Registered provider number |
4847 |
| Principal address |
2 Lawson Road, |
|
Henley-on-Thames |
|
Oxfordshire |
|
RG92AN |
| Registered office |
2 Lawson Road, |
|
Henley-on-Thames |
|
Oxfordshire |
|
RG92AN |
| Independent Examiner |
Edwin Smith Chartered Accountants |
|
32 Queens Road |
|
Reading |
|
Berkshire |
|
RG14AU |
| Bankers |
HSBC Bank Pic |
|
6 Market Place |
|
Henley on Thames |
|
Oxfordshire |
|
RG92AN |
|
Aldermore Bank PLC |
|
4th Floor, Apex Plaza, |
|
Forbury Rd, |
|
Reading |
|
RG11AX |
|
Nationwide Building Society |
|
Kings Park Road |
|
Moulton Park |
|
Northampton |
|
NWS 6NW |
|
National Westminister Bank Pic |
|
18 Market Place |
|
Henley on Thames |
| CONTENTS |
|
|
Page |
| Trustees’and Directors’report |
5-9 |
| (Including Statement of Directors’ Responsibilities) |
|
| Independent Examiner’s report |
10 |
| Comprehensive statement of income |
11 |
| Statement of financial position |
12 |
| Cash flow statement |
13 |
|
|
2022 |
2021 |
| Notes |
|
£ |
£ |
| Turnover |
4 |
319,440 |
259,069 |
| Operating Costs |
|
(259,585) |
(216,567) |
| Other Income |
4 |
9,448 |
9,529 |
| Operating profit |
|
69,303 |
52,031 |
| Interest Receivable |
4 |
469 |
374 |
| Interest on Housing loan |
|
(1,623) |
(2,050) |
| Gam on fair value of investments |
|
13,694 |
47,918 |
| Total Comprehensive Income/ |
|
81,843 |
98,273 |
| (Expenditure) for the year |
|
|
|
|
Notes |
Income & |
Restricted |
Total |
|
|
Expenditure |
Reserve |
|
|
|
£ |
£ |
£ |
| Balance as at 1 April 2020 |
|
89,794 |
1,304,256 |
1,394,050 |
| Total comprehensive Income / |
|
1,392 |
96,881 |
98,273 |
| (Expenditure) for the yearended |
|
|
|
|
| 2020 |
|
|
|
|
| Transfers to restricted reserves |
|
(45,568) |
45,568 |
- |
| Balance as at 31 March 2021 |
|
45,618 |
1,446,705 |
1,492,323 |
| Total comprehensive Income / |
|
4,485 |
77,358 |
81,843 |
| (Expenditure) for the yearended |
|
|
|
|
| 2022 |
|
|
|
|
| Transfers to restricted reserves |
|
18,720 |
(18,720) |
- |
| Balance as at 31 March 2022 |
|
68,823 |
1,505,343 |
1,574,166 |
|
|
2022 |
2022 |
2021 |
|
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
6 |
|
413,080 |
|
394,092 |
| Housing Properties |
7 |
|
596,116 |
|
613,678 |
| Investments |
8 |
|
333,604 |
|
319,910 |
|
|
|
1,342,800 |
|
1,327,680 |
| Current assets |
|
|
|
|
|
| Debtors |
10 |
16,811 |
|
14,295 |
|
| Cash at bank and in hand |
9 |
400,155 |
|
357,797 |
|
|
|
416,966 |
|
372,092 |
|
Creditors: Amounts falling due within
one year |
11 |
(44,404) |
|
(53,028) |
|
| Net current assets/(liabilities) |
|
|
372,562 |
|
319,064 |
| Total net assets or liabilities |
|
|
1,715,362 |
|
1,646,744 |
Creditors: amounts falling due after
more than one year |
12 |
|
(141,196) |
|
(154,421) |
| Total Net Assets |
|
|
1,574,166 |
|
1,492,323 |
| Reserves |
|
|
|
|
|
| Income and expenditure account |
19 |
|
68,823 |
|
45,618 |
| Restricted reserves |
18 |
|
1,505,343 |
|
1,446,705 |
| Total reserves |
|
|
1,574,166 |
|
1,492,323 |
|
2022 |
2021 |
|
£ |
£ |
| Cash flows from operating activities: |
|
|
| Net cash provided by operating activities |
114,501 |
148,071 |
| Cash flows from investing activities: |
|
|
| Purchase of fixed assets |
(36,750) |
(12,444) |
| Additions to Investment Funds |
- |
(54,258) |
| Replacement of Housing property components |
(10,078) |
(9,724) |
| Disposal process of Investment Funds |
- |
50,000 |
| Movement from Investment fund |
(13,694) |
(47,918) |
| Net cash provided by investing activities |
(60,522) |
(74,344) |
| Cash flows from financing activities: |
|
|
| Repayments of borrowing |
(11,621) |
(26,195) |
| Cash inflows from Grant & Loans |
|
- |
| Cash used in financing activities |
(11,621) |
(26,195) |
| Change in cash and cash equivalents in the year |
42,358 |
47,532 |
| Cash and equivalents at the beginning of the year |
357,797 |
310,265 |
| Cash and cash equivalents at the end of the year |
400,155 |
357,797 |
| **Reconciliation of net income/(expenditure) to cash flow from ** |
operating activities |
|
|
2022 |
2021 |
|
£ |
£ |
Net income/expenditure for the year (as per the
statement of comprehensive income) |
81,843 |
98,273 |
| Adjustments for |
|
|
| Depreciation charges |
42,811 |
41,907 |
| Amortisation of Social Housing Grant & Loan |
(2,004) |
(2,003) |
| Loss on disposal of fixed assets |
2,587 |
|
| (Increase) / decrease in debtors |
(2,516) |
(1,213) |
| Increase / (decrease) in creditors |
(8,220) |
11,107 |
| Net cash provided from operating activities |
114,501 |
148,071 |
| Analysis of cash and equivalents |
|
|
| Cash at bank and in hand |
400,155 |
357,797 |
| Total |
400,155 |
357,797 |
| Freehold Pavilion |
60 years |
| Field fences, Court Surfaces & Lighting |
25 years |
| Pavilion Equipment |
15 years |
| Furniture & Fittings |
20 years |
| Laundry Equipment |
10-15 years |
| Office Equipment |
10-20 years |
| Tiger Turf |
15 years |
| Electric meters |
15 years |
| Shell and substructure |
50 years |
| Public realm |
10 years |
| Roof |
30years |
| Entrance doors and security |
15 years |
| Kitchens |
15 years |
| Windows |
25 years |
| CCTV |
15 years |
| Bathrooms |
10 years |
| Plumbing and heating |
15 years |
| Internal doors |
15 years |
|
Notes |
2022 |
2021 |
|
|
£ |
£ |
| Rents receivable excluding service charges |
4 |
139,842 |
136,039 |
| Service charges |
4 |
91,573 |
68,309 |
| Other income including electric cards |
4 |
18,923 |
12,509 |
| Capital grants receivable |
|
2,004 |
2,003 |
| Social Housing Activity Expenditure |
|
217,952 |
174,858 |
| Operating surplus on Social Housing Activities |
|
34,390 |
44,002 |
| Void losses |
|
1,349 |
727 |
|
Number |
Number |
|
of units at |
of units at |
|
31.3.2022 |
1.4.2021 |
|
£ |
£ |
| Supported Housing |
|
|
| Flats and studios |
31 |
31 |
|
Unrestricted |
Designated |
Restricted |
Total |
Total |
|
|
|
|
2022 |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| a) Donations etc. |
|
|
|
|
|
| Gifts, Grants & Donations |
1,401 |
- |
32,589 |
33,990 |
32,392 |
| Henley Town Council Capital |
- |
- |
2,004 |
2,004 |
2,003 |
| Grant |
|
|
|
|
|
|
1,401 |
- |
34,593 |
35,994 |
34,395 |
| b) Charitable Activities |
|
|
|
|
|
| Residential Centre: |
|
|
|
|
|
| Rent and service charges -Flats |
- |
- |
231,415 |
231,415 |
204,348 |
| Sale of Laundry Tokens |
- |
- |
- |
- |
7 |
| Sale of Electric Cards |
- |
- |
11,816 |
11,816 |
9,928 |
| Sundry Income |
- |
- |
1,863 |
1,863 |
783 |
| Support contribution |
|
|
3,717 |
3,717 |
1,791 |
| Counselling |
|
|
50 |
50 |
- |
| Council tax |
|
|
1,477 |
1,477 |
- |
|
- |
- |
250,338 |
250,338 |
216,857 |
| Pavilion: |
|
|
|
|
|
| Membership & Subscriptions |
_ |
_ |
1,525 |
1,525 |
355 |
| YMCA Pavilion Lettings |
- |
- |
15,989 |
15,989 |
2,509 |
| Pavilion Contributions |
925 |
- |
- |
925 |
- |
|
925 |
- |
17,514 |
18,439 |
2,864 |
| Playing Area: |
|
|
|
|
|
| Court Hire |
|
|
13,897 |
13,897 |
4,378 |
| Field Hire |
- |
- |
- |
- |
575 |
|
- |
- |
13,897 |
13,897 |
4,953 |
Youth Department:
Youth Activities & Events |
|
|
|
|
|
|
- |
- |
- |
|
|
|
|
|
|
- |
- |
| Football Club: |
|
|
|
|
|
| Match Fees & Subscriptions |
. |
. |
. |
. |
_ |
| Football casuals |
“ |
772 |
“ |
772 |
~ |
|
- |
772 |
- |
772 |
- |
| Total Incomefrom Charitable |
925 |
772 |
281,749 |
**283,446 ** |
224,674 |
| Activities |
|
|
|
|
|
| Turnover (total of 4a and 4b) |
2,326 |
772 |
3 |
319,440 |
259,069 |
| c) Investment Income |
|
|
|
|
|
| Investment Trust & Funds |
996 |
_ |
8,452 |
9,448 |
9,529 |
| Other Bank Interest |
- |
- |
469 |
469 |
374 |
|
996 |
- |
8,921 |
9,917 |
9,903 |
|
Total |
Total |
|
2022 |
2021 |
|
£ |
£ |
| a) Cost of Charitable Activities |
|
|
| General Costs: |
|
|
| Football casuals fund |
104 |
65 |
| Buyout costs |
- |
- |
|
104 |
65 |
| Youth Department Costs: Restricted |
|
|
| Youth Activities & Events |
0 |
0 |
|
0 |
0 |
| Residential Centre Costs: Restricted |
|
|
| Salaries & Staff Costs |
52,775 |
51,278 |
| Recruitment/Wellbemg Costs |
5,089 |
1,164 |
| Training |
1,439 |
623 |
| Travel & Subsistence |
219 |
10 |
| Telephone & Postage |
1,527 |
1,540 |
| Printing, Stationery & Advertising |
437 |
167 |
| Sundries |
805 |
406 |
| Insurance Costs |
6,867 |
6,653 |
| Affiliation Fees & Subscriptions |
2,417 |
1,782 |
| Furniture & Furnishing |
- |
- |
| Equipment Costs |
3,081 |
4,710 |
| Repairs & Maintenance |
18,548 |
14,728 |
| Leasing costs |
- |
- |
| Utilities |
20,285 |
20,877 |
| Water Charges |
5,551 |
4,231 |
| Cleaning Costs |
4,420 |
2,502 |
| Bad Debts |
4,236 |
3,303 |
| Software Costs |
4,413 |
3,030 |
| Depreciation |
30,996 |
31,115 |
| P/L on disposal |
1,794 |
- |
| Net Deposits paid |
130 |
(150) |
| Counselling fees |
7,245 |
6,165 |
| Residential housing costs - tenant supportetc |
566 |
552 |
| Residential housing costs - other |
14,819 |
9,854 |
| Residential housing costs - salary |
34,658 |
13,631 |
|
222,317 |
178,171 |
|
Total |
Total |
|
2022 |
2021 |
|
£ |
£ |
| a) Cost of charitable activities (continued) |
|
|
| Development fund costs: Restricted |
|
|
| Pavilion: |
|
|
| Salaries and staff costs |
1,324 |
1,077 |
| Repairs & Maintenance |
2,627 |
3,235 |
| Insurance |
1,308 |
1,727 |
| Utilities |
2,107 |
1,916 |
| Sundries |
1,072 |
489 |
| Cleaning Costs |
3,357 |
655 |
| Equipment Costs |
3,681 |
2,638 |
| Depreciation |
5,163 |
5,044 |
|
20,639 |
16,781 |
| Playing Area: |
|
|
| Salaries and staff costs |
794 |
1,077 |
| Repairs & Maintenance |
1,148 |
3,461 |
| Sundries |
2,681 |
327 |
| Depreciation |
6,652 |
5,748 |
| P/L on disposal |
797 |
- |
|
12,072 |
10,613 |
| Football Club: |
|
|
| Football Costs |
50 |
- |
|
50 |
- |
| Total Development fund costs |
32,761 |
27,394 |
| Total Cost of Charitable Activities |
255,182 |
205,630 |
| b) Other Costs |
|
|
| Bank Charges |
110 |
32 |
| Interest on housing loan |
1,623 |
2,050 |
| Independent Examiner’s Fee |
2,830 |
2,852 |
| Staff governance costs |
64 |
6,725 |
| Sundries |
1,399 |
1,328 |
|
6,026 |
12,987 |
|
Restricted |
Restricted |
Restricted |
Restricted |
Restricted |
Restricted |
Restricted |
2022 |
|
Freehold |
Playing |
Pavilion |
Laundry |
Furniture & |
Office & |
Electric |
Total |
|
Pavilion |
Area Field & |
Equipment |
Equipment |
Fittings |
Computer |
Meters |
|
|
|
Courts |
|
|
|
Equipment |
|
|
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
|
|
|
|
| At 1 April 2021 |
305,665 |
248,505 |
15,055 |
5,009 |
19,324 |
40,881 |
6,300 |
640,739 |
| Additions |
- |
28,128 |
- |
- |
1,481 |
7,141 |
- |
36,750 |
| Disposals |
- |
(4,469) |
- |
- |
(1,335) |
- |
- |
(5,804) |
| At 31 March 2022 |
305,665 |
272,164 |
15,055 |
5,009 |
19,470 |
48,022 |
6,300 |
671,685 |
| Depreciation |
|
|
|
|
|
|
|
|
| At 1 April 2021 |
105,127 |
84,668 |
8,473 |
2,757 |
10,167 |
33,706 |
1,749 |
246,647 |
| On disposals |
_ |
(3,672) |
- |
- |
(421) |
- |
- |
(4,093) |
| Charge for the |
|
|
|
|
|
|
|
|
| year |
5,163 |
6,652 |
456 |
372 |
660 |
2,328 |
420 |
16,051 |
| At 31 March 2022 |
110,290 |
87,648 |
8,929 |
3,129 |
10,406 |
36,034 |
2,169 |
258,605 |
| Net book value |
|
|
|
|
|
|
|
|
| At 31 March 2022 |
195,375 |
184,516 |
6,126 |
1,880 |
9,064 |
11,988 |
4,131 |
413,080 |
| At 31 March 2021 |
200,538 |
163,837 |
6,582 |
2,251 |
9,157 |
7,175 |
4,551 |
394,092 |
|
Total |
|
£ |
| Cost |
|
| At 1 April 2021 |
690,078 |
| Additions |
10,078 |
| Disposals |
(1,200) |
| At 31 March 2022 |
698,956 |
| Depreciation |
|
| At 1 April 21 |
76,400 |
| On disposals |
(320) |
| Charge for year |
26,760 |
| At 31 March 2022 |
102,840 |
| Net book value |
|
| At 31 March 2022 |
596,116 |
| At 31 March 2021 |
613,678 |
|
**Unrestricted ** |
Funds |
**Restricted ** |
Funds |
|
|
M&G Chanfund |
Foreign & |
Fixed Interest |
Investment |
2022 |
|
|
Colonial |
Fund |
Fund |
Total |
|
£ |
£ |
£ |
£ |
£ |
| Carrvinq (fair) value as at 1 April 2021 |
16,197 |
11,046 |
86,887 |
205,780 |
319,910 |
| Additions to investments during the year |
|
_ |
_ |
_ |
- |
| Disposals at carrying value |
. |
_ |
_ |
_ |
_ |
| Add net gam/ (loss) on revaluation |
1,180 |
938 |
(6,183) |
17,759 |
13,694 |
| Carrying (fair) value as at 31 March 2022 |
17,377 |
11,984 |
80,704 |
223,539 |
333,604 |
| 9. CASH AT BANK AND IN HAND |
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
**£ ** |
£ |
|
| Cash at bank and in hand |
|
|
400,126 |
357,752 |
|
| Petty Cash |
|
|
29 |
45 |
|
|
|
|
400,155 |
357,797 |
|
| 10. DEBTORS |
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
£ |
£ |
|
| Sundry Debtors |
|
|
2,926 |
375 |
|
| Prepayments and accrued income |
|
|
2,540 |
2615 |
|
| Gift aid tax reclaimable |
|
|
- |
- |
|
| Housing benefit and rent arrears |
|
|
11 345 |
11,305 |
|
|
|
|
16,811 |
14,295 |
|
| 11. CREDITORS |
|
|
|
|
|
| Amounts falling due within one year |
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
£ |
£ |
|
| SODC - Housing loan |
|
|
11,070 |
11,470 |
|
| Accruals |
|
|
2,567 |
5,311 |
|
| Deferred income |
|
|
5,776 |
4,003 |
|
| Company Credit Card |
|
|
1,137 |
1,111 |
|
| Sundry Creditors |
|
|
21,849 |
29,124 |
|
| Henley Town Council Capital Grant |
- Deferred |
|
2,004 |
2,004 |
|
|
|
|
44,403 |
53,023 |
|
|
2022 |
2021 |
|
£ |
£ |
| Henley Town Council Capital Grant - Deferred |
89,813 |
91,817 |
| SODC - Housing Loan |
51,383 |
62,604 |
|
141,196 |
154,421 |
| Housing Loan |
|
|
| Within 1 year |
11,070 |
11,470 |
| Between 2 and 5 years |
51,383 |
50,454 |
| After 5 ormore years |
- |
12,150 |
|
62,453 |
74,074 |
|
2022 |
2021 |
|
£ |
£ |
| As at 1 April 2021 |
93,821 |
95,824 |
| Grant Received in the year |
|
|
| Released to income in the year |
(2,004) |
(2,003) |
|
91,817 |
93,821 |
| Amounts to be released within one year |
2,004 |
2,004 |
| Amounts to be released in more than one year |
89,813 |
91,817 |
|
91,817 |
93,821 |
|
2022 |
2021 |
|
£ |
£ |
| Wages and salaries |
86,438 |
70,876 |
| Social security costs |
3,355 |
2,190 |
| Other pension costs |
2,500 |
2,069 |
|
92,293 |
75,135 |
| Employees who were engaged in the following activities |
|
|
|
2022 |
2021 |
| Managing & Administrating the Charity |
4 |
3 |
|
2022 |
2021 |
|
£ |
£ |
| Contributions payableforthe year |
2,500 |
2,069 |
|
Balance |
|
|
|
Balance |
|
01-Apr-21 |
Income |
Expenditure |
Transfer |
31-Mar-22 |
|
£ |
£ |
£ |
£ |
£ |
| Development Fund |
672,775 |
77,017 |
(32,711) |
80 |
717,161 |
| Residential Centre Fund |
681,088 |
250,569 |
(218,959) |
(76,370) |
636,328 |
| Katie’s Kitchen |
312 |
- |
- |
- |
312 |
| Residential Centre - |
20,000 |
- |
- |
27,700 |
47,700 |
| Maintenance fund |
|
|
|
|
|
| Residential Roofing fund |
59,148 |
|
|
29,870 |
89,018 |
| Resident Discretion Fund |
750 |
|
|
|
750 |
| The Garden Project |
242 |
- |
_ |
- |
242 |
| Signposting Access Point |
150 |
- |
- |
- |
150 |
| Fund |
|
|
|
|
|
| The Youth Work Fund |
1,124 |
|
|
|
1,124 |
| John Hodges Starter |
316 |
- |
- |
- |
316 |
| Packs |
|
|
|
|
|
| Room sponsorship |
409 |
1,826 |
|
|
2,235 |
| Masowi Counselling |
6,765 |
5,561 |
(7,245) |
- |
5,081 |
| Masowi Hardship |
3,626 |
1,866 |
(566) |
- |
4,926 |
|
1,446,705 |
336,839 |
(259,481) |
(18,720) |
1,505,343 |
|
Balance |
|
|
|
Balance |
|
01-Apr-21 |
Income |
Expenditure |
Transfer |
31-Mar-22 |
|
£ |
£ |
£ |
£ |
£ |
| General reserve |
42,482 |
5,440 |
(1,573) |
- |
46,349 |
| Designated reserves - |
|
|
|
|
|
| Financial Assistance Fund |
1,733 |
|
_ |
— |
1,733 |
| Printer |
- |
_ |
|
19,000 |
19,000 |
| Football Casuals Fund |
1,403 |
772 |
(154) |
(280) |
1,741 |
|
45,618 |
6,212 |
(1,727) |
18,720 |
68,823 |
|
Balance at 1 |
Cash-flows |
Balance at 31 |
|
April 2021 |
|
March 2022 |
|
£ |
£ |
£ |
| Cash |
357,797 |
42,358 |
400,155 |
| Loans falling due within one |
(11,470) |
400 |
(11,070) |
| year |
|
|
|
| Loans falling due after more |
(62,604) |
11,221 |
(51,383) |
| than one year |
|
|
|
|
(74,074) |
11,621 |
(62,453) |
| Total |
283,723 |
53,979 |
337,702 |