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2023-03-31-accounts
| President |
G X Constantimdi (Deceased Jan 2023) |
| Vice President |
N K Topsom MBE (Sept 2022) |
| Trustees/Directors |
R Duckett (Chair) |
|
Dr TP Dudeney |
|
M Sayers (resigned Sept 2022) |
|
C Richards (resigned Sept 2022) |
|
R L Perkins (Treasurer) |
|
R Appleyard |
|
K Hinton |
|
F J Brookes |
|
J Streatfeild |
|
R Magnay |
|
F Ahmad |
|
K K Sentence |
| General & Financial Manager |
L.Grant |
| Charity number |
1089763 |
| Company number |
4299623 |
| Registered provider number |
4847 |
| Principal address |
2 Lawson Road, |
|
Henley-on-Thames |
|
Oxfordshire |
|
RG9 2AN |
| Registered office |
2 Lawson Road, |
|
Henley-on-Thames |
|
Oxfordshire |
|
RG9 2AN |
| Independent Examiner |
Edwin Smith Chartered Accountants |
|
32 Queens Road |
|
Reading |
|
Berkshire |
|
RG1 4AU |
| Bankers |
HSBC Bank Pic |
|
6 Market Place |
|
Henley on Thames |
|
Oxfordshire |
|
RG9 2AN |
|
Aldermore Bank PLC |
|
4th Floor, Apex Plaza, |
|
Forbury Rd, |
|
Reading |
|
RG1 1AX |
|
Nationwide Building Society |
|
Kings Park Road |
|
Moulton Park |
|
Northampton |
|
NWS 6NW |
|
National Westminister Bank Pic |
|
18 Market Place |
| 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 |
| Notes to the accounts |
14-27 |
27 September 2023
|
|
2023 |
2022 |
| Notes |
|
£ |
£ |
| Turnover |
4 |
308,571 |
319,440 |
| Operating Costs |
|
(278,475) |
(259,585) |
| Other Income |
4 |
9,433 |
9,448 |
| Operating profit |
|
39,529 |
69,303 |
| Interest Receivable |
4 |
2,096 |
469 |
| Interest on Housing loan |
|
(1,349) |
(1,623) |
| Gam/(Loss) on fair value of |
|
(13,733) |
13,694 |
| investments |
|
|
|
| Total Comprehensive Income / |
|
26,543 |
81,843 |
| (Expenditure) for the year |
|
|
|
|
Notes |
Income & |
Restricted |
Total |
|
|
Expenditure |
Reserve |
|
|
|
£ |
£ |
£ |
| Balance as at 1 April 2021 |
|
45,618 |
1,446,705 |
1,492,323 |
| Total comprehensive Income/ |
|
4,485 |
77,358 |
81,843 |
| (Expenditure) for the year ended |
|
|
|
|
| 2022 |
|
|
|
|
| Transfers to restricted reserves |
|
18,720 |
(18,720) |
|
| Balance as at 31 March 2022 |
|
68,823 |
1,505,343 |
1,574,166 |
| Total comprehensive Income/ |
|
5,427 |
21,116 |
26,543 |
| (Expenditure) for the year ended |
|
|
|
|
| 2023 |
|
|
|
|
| Transfers to restricted reserves |
|
(520) |
520 |
- |
| Balance as at 31 March 2023 |
|
73,730 |
1,526,979 |
1,600,709 |
|
|
2023 |
2023 |
2022 |
2022 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
6 |
|
397,263 |
|
413,080 |
| Housing Properties |
7 |
|
580,718 |
|
596,116 |
| Investments |
8 |
|
319,871 |
|
333,604 |
|
|
|
1,297,852 |
|
1,342,800 |
| Current assets |
|
|
|
|
|
| Debtors |
10 |
13,524 |
|
16,811 |
|
| Cash at bank and in hand |
9 |
462,870 |
|
400,155 |
|
|
|
476,394 |
|
416,966 |
|
Creditors: Amounts falling due within
one year |
11 |
(47,000) |
|
(44,404) |
|
| Net current assets/(liabilities) |
|
|
429,394 |
|
372,562 |
| Total net assets or liabilities |
|
|
1,727,246 |
|
1,715,362 |
Creditors: amounts falling due after
more than one year |
12 |
|
(126,537) |
|
(141,196) |
| Total Net Assets |
|
|
1,600,709 |
|
1,574,166 |
| Reserves |
|
|
|
|
|
| Income and expenditure account |
19 |
|
73,730 |
|
68,823 |
| Restricted reserves |
18 |
|
1,526,979 |
|
1,505,343 |
| Total reserves |
|
|
1,600,709 |
|
1,574,166 |
|
2023 |
2022 |
|
£ |
£ |
| Cash flows from operating activities: |
|
|
| Net cash provided by operating activities |
76,488 |
114,501 |
| Cash flows from investing activities: |
|
|
| Purchase of fixed assets |
(15,610) |
(36,750) |
| Replacement of Housing property components |
|
(10,078) |
| Movement from Investment fund |
13,733 |
(13,694) |
| Net cash provided by investing activities |
(1,877) |
(60,522) |
| Cash flows from financing activities: |
|
|
| Repayments of borrowing |
|
(11,621) |
| Cash inflows from Grant & Loans |
|
|
| Cash used in financing activities |
(11,896) |
(11,621) |
| Change in cash and cash equivalents in the year |
62,715 |
42,358 |
| Cash and equivalents at the beginning of the year |
400,155 |
357,797 |
| Cash and cash equivalents at the end of the year |
462,870 |
400,155 |
| **Reconciliation of net incomeZ(expenditure) to cash flow from ** |
operating activities |
|
|
2023 |
2022 |
|
£ |
£ |
Net income/expenditure for the year (as per the
statement of comprehensive income) |
26,543 |
81,843 |
| Adjustments for |
|
|
| Depreciation charges |
43,453 |
42,811 |
| Amortisation of Social Housing Grant & Loan |
(2,004) |
(2,004) |
| Loss on disposal of fixed assets |
3,372 |
2,587 |
| (Increase) / decrease in debtors |
3,287 |
(2,516) |
| Increase / (decrease) in creditors |
1,837 |
(8,220) |
| Net cash provided from operating activities |
76,488 |
114,501 |
| Analysis of cash and equivalents |
|
|
| Cash at bank and in hand |
462,870 |
400,155 |
| Total |
462,870 |
400,155 |
| 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 |
30 years |
| 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 |
2023 |
2022 |
|
|
£ |
£ |
| Rents receivable excluding service charges |
4 |
141,246 |
139,842 |
| Service charges |
4 |
89,401 |
91,573 |
| Other income including electric cards |
4 |
19,286 |
18,923 |
| Capital grants receivable |
|
2,004 |
2,004 |
| Social Housing Activity Expenditure |
|
229,596 |
217,952 |
| Operating surplus on Social Housing Activities |
|
22,341 |
34,390 |
| Void losses |
|
1,175 |
1,349 |
|
Number |
Number |
|
of units at |
of units at |
|
31.3.2023 |
1.4.2022 |
|
£ |
£ |
| Supported Housing |
|
|
| Flats and studios |
31 |
31 |
|
Unrestricted |
Designated |
Restricted |
Total |
Total |
|
|
|
|
2023 |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| a) Donations etc. |
|
|
|
|
|
| Gifts, Grants & Donations |
3,715 |
|
7,893 |
11,608 |
33,990 |
| Henley Town Council Capital |
|
|
2,004 |
2,004 |
2,004 |
| Grant |
|
|
|
|
|
|
3,715 |
|
9,897 |
13,612 |
35,994 |
| b) Charitable Activities |
|
|
|
|
|
| Residential Centre: |
|
|
|
|
|
| Rent and service charges -Flats |
|
|
230,647 |
230,647 |
231,415 |
| Sale of Electric Cards |
|
|
9,975 |
9,975 |
11,816 |
| Sundry Income |
|
|
112 |
112 |
1,863 |
| Support contribution |
|
|
3,420 |
3,420 |
3,717 |
| Counselling |
|
|
30 |
30 |
50 |
| Insurance Claims |
|
|
1,904 |
1,904 |
|
| Council tax |
|
|
2,451 |
2,451 |
1,477 |
| Net Deposits |
|
|
450 |
450 |
- |
| Rent Arears Debt Recovery |
|
|
668 |
668 |
- |
| Net Tenant Loan Repayment |
|
|
276 |
276 |
- |
|
|
|
249,933 |
249,933 |
250,338 |
| Pavilion: |
|
|
|
|
|
| Membership & Subscriptions |
|
|
2,780 |
2,780 |
1,525 |
| YMCA Pavilion Lettings |
|
|
14,953 |
14,953 |
15,989 |
| Pavilion Contributions |
|
|
|
- |
925 |
| Pavilion Hire- Non-Sport |
2,078 |
|
|
2,078 |
- |
| Active Oxfordshire Activities |
|
|
1,540 |
1,540 |
- |
|
2,078 |
- |
19,273 |
21,351 |
18,439 |
| Playing Area: |
|
|
|
|
|
| Court Hire |
|
|
18,048 |
18,048 |
13,897 |
| Field Hire |
|
|
4,545 |
4,545 |
- |
|
|
|
22,593 |
22,593 |
13,897 |
| Football Club: |
|
|
|
|
|
| Football casuals and other |
|
1,082 |
|
1,082 |
772 |
|
|
1,082 |
|
1,082 |
772 |
| Total Income from Charitable |
2,078 |
1,082 |
291,799 |
294,959 |
283,446 |
| Activities |
|
|
|
|
|
| Turnover (total of 4a and 4b) |
5,793 |
1,082 |
301,696 |
308,571 |
319,440 |
| c) Investment Income |
|
|
|
|
|
| Investment Trust & Funds |
1,103 |
|
8,330 |
9,433 |
9,448 |
| Other Bank Interest |
93 |
|
2,003 |
2096 |
469 |
|
1,196 |
|
10,333 |
11,529 |
9,917 |
|
Total |
Total |
|
2023 |
2022 |
|
£ |
£ |
| a) Cost of Charitable Activities |
|
|
| General Costs: |
|
|
| Football casuals fund |
251 |
104 |
| Buyout costs |
- |
- |
|
251 |
104 |
| Residential Centre Costs: Restricted |
|
|
| Salaries & Staff Costs |
59,670 |
52,775 |
| Recruitment/Wellbemg Costs |
3,208 |
5,089 |
| Training |
3,229 |
1,439 |
| Travel & Subsistence |
474 |
219 |
| Telephone & Postage |
1,542 |
1,527 |
| Printing, Stationery & Advertising |
1,797 |
437 |
| Sundries |
833 |
805 |
| Insurance Costs |
7,668 |
6,867 |
| Affiliation Fees & Subscriptions |
2,186 |
2,417 |
| Furniture & Furnishing |
4,120 |
- |
| Equipment Costs |
2,899 |
3,081 |
| Repairs & Maintenance |
14,806 |
18,548 |
| Utilities |
18,503 |
20,285 |
| Water Charges |
4,930 |
5,551 |
| Cleaning Costs |
3,926 |
4,420 |
| Bad Debts |
3,462 |
4,236 |
| Software Costs |
10,063 |
4,413 |
| Depreciation |
30,591 |
30,996 |
| P/L on disposal |
3,372 |
1,794 |
| Net Deposits paid |
- |
130 |
| Counselling Fees |
4,240 |
7,245 |
| Residential housing costs - tenant support etc |
408 |
566 |
| Residential housing costs - tenant loan |
- |
|
| Residential housing costs - other |
5,683 |
14,819 |
| Residential housing cost- salary |
39,788 |
34,658 |
| Residential development |
5,660 |
- |
|
233,058 |
222,317 |
|
Total |
Total |
|
2023 |
2022 |
|
£ |
£ |
| a) Cost of charitable activities (continued) |
|
|
| Development fund costs: Restricted |
|
|
| Pavilion: |
|
|
| Salaries and staff costs |
2,633 |
1,324 |
| Repairs & Maintenance |
1,275 |
2,627 |
| Insurance |
1,097 |
1,308 |
| Utilities |
2,388 |
2,107 |
| Sundries |
2,440 |
1,072 |
| Cleaning Costs |
3,347 |
3,357 |
| Equipment Costs |
1,358 |
3,681 |
| Depreciation |
5,878 |
5,163. |
|
20,416 |
20,639 |
| Playing Area: |
|
|
| Salaries and Staff costs |
7,837 |
794 |
| Repairs & Maintenance |
3,748 |
1,148 |
| Sundries |
570 |
2,681 |
| Depreciation |
6,984 |
6,652 |
| P/L on disposal |
- |
797 |
|
19,139 |
12,072 |
| Football Club: |
|
|
| Football Costs |
|
50 |
|
- |
50 |
| Total Development fund costs |
39,555 |
32,761 |
| Total Cost of Charitable Activities |
272,864 |
255,182 |
| b) Other Costs |
|
|
| Bank Charges |
46 |
110 |
| Interest on housing loan |
1,349 |
1,623 |
| Independent Examiner’s Fee |
3,218 |
2,830 |
| Staff governance costs |
74 |
64 |
| Bursary |
500 |
|
| Sundries |
1,773 |
1,399 |
|
6,960 |
6,026 |
|
Restricted |
Restricted |
Restricted |
Restricted |
Restricted |
Restricted |
Restricted |
2023 |
|
Freehold |
Playing |
Pavilion |
Laundry |
Furniture & |
Office & |
Electric |
Total |
|
Pavilion |
Area Field & |
Equipment |
Equipment |
Fittings |
Computer |
Meters |
|
|
|
Courts |
|
|
|
Equipment |
|
|
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
|
|
|
|
| At 1 April 2022 |
305,665 |
272,164 |
15,055 |
5,009 |
19,470 |
48,022 |
6,300 |
671,685 |
| Transfers |
- |
|
1,141 |
|
|
(15,423) |
|
(14,282) |
|
|
|
|
|
|
|
- |
|
| Additions |
- |
|
1,026 |
3,201 |
|
11,383 |
|
15,610 |
| Disposals |
- |
- |
- |
- |
- |
(1,988) |
- |
(1,988) |
| At 31 March 2023 |
305,665 |
272,164 |
17,222 |
8,210 |
19,470 |
41,994 |
6,300 |
671,025 |
| Depreciation |
|
|
|
|
|
|
|
|
| At 1 April 2022 |
110,290 |
87,648 |
8,929 |
3,129 |
10,406 |
36,034 |
2,169 |
258,605 |
|
|
|
|
|
|
|
- |
|
| Transfers |
|
|
173 |
|
|
(173) |
|
- |
| On disposals |
- |
- |
- |
- |
- |
(528) |
- |
(528) |
| Charge for the |
|
|
|
|
|
|
|
|
| year |
5,184 |
6,984 |
682 |
616 |
793 |
1,006 |
420 |
15,685 |
| At 31 March 2023 |
115,474 |
94,632 |
9,784 |
3,745 |
11,199 |
36,339 |
2,589 |
273,762 |
| Net book value |
|
|
|
|
|
|
|
|
| At 31 March 2023 |
190,191 |
177,532 |
7,438 |
4,465 |
8,271 |
5,655 |
3,711 |
397,263 |
| At 31 March 2022 |
195,375 |
184,516 |
6,126 |
1,880 |
9,064 |
11,988 |
4,131 |
413,080 |
|
Total |
|
£ |
| Cost |
|
| At 1 April 2022 |
698,956 |
| Transfers |
14,282 |
| Disposals |
(2,580) |
| At 31 March 2023 |
710,658 |
| Depreciation |
|
| At 1 April 2022 |
102,840 |
| On disposals |
(668) |
| Charge for year |
27,768 |
| At 31 March 2023 |
129,940 |
| Net book value |
|
| At 31 March 2023 |
580,718 |
| At 31 March 2022 |
596,116 |
|
Unrestricted |
Funds |
Restricted |
Funds |
|
|
M&G Chanfund |
Foreign & |
Fixed Interest |
Investment |
2023 |
|
|
Colonial |
Fund |
Fund |
Total |
|
£ |
£ |
£ |
£ |
£ |
| Carrying (fair) value as at 1 April 2022 |
17,377 |
11,984 |
80,704 |
223,539 |
333,604 |
| Additions to investments during the year |
|
|
|
|
|
| Disposals at carrying value |
- |
|
|
|
- |
| Add net gam/ (loss) on revaluation |
(1,062) |
565 |
(4,776) |
(8,460) |
(13,733) |
| Carrying (fair) value as at 31 March 2023 |
16,315 |
12,549 |
75,928 |
215,079 |
319,871 |
|
2023 |
2022 |
| Cash at bank and in hand |
462,839 |
400,126 |
| Petty Cash |
31 |
29 |
|
462,870 |
400,155 |
| 10. DEBTORS |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Sundry Debtors |
3,053 |
2,926 |
| Prepayments and accrued income |
2,329 |
2,540 |
| Housing benefit and rent arrears |
8,142 |
11,345 |
|
13,524 |
16,811 |
|
2023 |
2022 |
|
£ |
£ |
| SODC - Housing loan |
11,829 |
11,070 |
| Accruals |
2,839 |
2,568 |
| Deferred income |
4,971 |
5,776 |
| Company Credit Card |
- |
1,137 |
| Sundry Creditors |
25,357 |
21,849 |
| Henley Town Council Capital Grant - Deferred |
2,004 |
2,004 |
|
47,000 |
44,404 |
|
2023 |
2022 |
|
£ |
£ |
| Henley Town Council Capital Grant - Deferred |
87,809 |
89,813 |
| SODC - Housing Loan |
38,728 |
51,383 |
|
126,537' |
141,196 |
| Housing Loan |
|
|
| Within 1 year |
11,829 |
11,070 |
| Between 2 and 5 years |
38,728 |
51,383 |
| After 5 or more years |
|
|
|
50,557 |
62,453 |
|
2023 |
2022 |
|
**£ ** |
£ |
| As at 1 April 2022 |
91,817 |
93,821 |
| Grant Received in the year |
|
|
| Released to income in the year |
(2,004) |
(2,004) |
|
89,813 |
91,817 |
| Amounts to be released within one year |
(2,004) |
2,004 |
| Amounts to be released in more than one year |
(87,809) |
89,813 |
|
89,813 |
91,817 |
|
2023 |
2022 |
|
£ |
£ |
| Wages and salaries |
111,311 |
86,438 |
| Social security costs |
4,635 |
3,355 |
| Other pension costs |
3,113 |
2,500 |
|
119,059 |
92,293 |
| Employees who were engaged in the following activities |
|
|
|
2023 |
2022 |
| Managing & Administrating the Charity |
5 |
4 |
|
2023 |
2022 |
|
£ |
£ |
| Contributions payable for the year |
2,539 |
2,500 |
|
Balance |
|
|
|
Balance |
|
01-Apr-22 |
Income |
Expenditure |
T ransfe |
31-Mar-23 |
|
|
|
|
r |
|
|
£ |
£ |
£ |
£ |
£ |
| Development Fund |
717,161 |
48,656 |
(52,790) |
120 |
713,147 |
| Residential Centre Fund |
636,328 |
258,719 |
(232,986) |
(47,326) |
614,735 |
| Katie’s Kitchen |
312 |
- |
- |
- |
312 |
| Residential Centre - |
47,700 |
- |
- |
28,875 |
76,575 |
| Maintenance Fund |
|
|
|
|
|
| Residential Roofing Fund |
89,018 |
- |
- |
13,851 |
102,869 |
| 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 Packs |
316 |
- |
- |
- |
316 |
| Room sponsorship |
2,235 |
2,411 |
- |
(4,646) |
- |
| Masowi Counselling |
5,081 |
30 |
(4,240) |
4,646 |
5,517 |
| Masowi Hardship |
4,926 |
673 |
(397) |
- |
5,202 |
| Community projects |
- |
1,540 |
- |
- |
1,540 |
| Work Bursary |
- |
- |
(500) |
5,000 |
4,500 |
|
1,505,343 |
312,029 |
(290,913) |
520 |
1,526,979 |
|
Balance |
|
|
|
Balance |
|
01-Apr-22 |
Income |
Expenditure |
Transfer |
31-Mar-23 |
|
£ |
£ |
£ |
£ |
£ |
| General reserve |
46,349 |
6,989 |
(2,393) |
|
50,945 |
| Designated reserves - |
|
|
|
|
|
| Financial Assistance Fund |
1,733 |
- |
- |
|
1,733 |
| Printer |
19,000 |
|
- |
- |
19,000 |
| Football Casuals Fund |
1,741 |
1,082 |
(251) |
(520) |
2,052 |
|
68,823 |
8,071 |
**(2,644) ** |
____ (520) |
73,730 |
|
Balance at 1 |
Cash-flows |
Balance at 31 |
|
April 2022 |
|
March 2023 |
|
£ |
£ |
£ |
| Cash |
400,155 |
62,715 |
462,870 |
| Loans falling due within one |
(11,070) |
(759) |
(11,829) |
| year |
|
|
|
| Loans falling due after more |
(51,383) |
12,655 |
(38,728) |
| than one year |
|
|
|
|
(62,453) |
11,896 |
(50,557) |
| Total |
337,702 |
74,611 |
412,313 |