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2022-12-31-accounts

REGISTERED COMPANY NUMBER: 04258857 (England and Wales) REGISTERED CHARITY NUMBER: 1089951

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS) (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Haines Watts Chartered Accountants Old Station House Station Approach Swindon Wiltshire SN1 3DU

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Statement of Financial Position 8
Statement of Cash Flows 9
Notes to the Statement of Cash Flows 10
Notes to the Financial Statements 11 to 19

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022

TRUSTEES Mr K A Smith Mr T M S Dutton Mr J Jenkins Ms S J Lewis Mr S Little Mrs K G Driscoll COMPANY SECRETARY Mrs K G Driscoll REGISTERED OFFICE Vassall Centre Gill Avenue Fishponds Bristol BS16 2QQ REGISTERED COMPANY 04258857 (England and Wales) NUMBER REGISTERED CHARITY 1089951 NUMBER INDEPENDENT EXAMINER Haines Watts Chartered Accountants Old Station House Station Approach Swindon Wiltshire SN1 3DU

Page 1

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives and mission of the Charity are:

To create an inclusive society by empowering adults who have learning disabilities to achieve purposeful and rewarding work opportunities.

Our work is deeply integrated within the wider community to challenge perceptions of what people who have learning disabilities should expect from society.

At Props we foster independence and support people to grow in all aspects of their lives.

Page 2

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

STRATEGIC REPORT Achievement and performance

Charitable activities

Following the difficulties of the pandemic years, and although the charity ended the year with a modest loss, 2022 has been a strong and progressive period for PROPS.

Numbers of Trainees attending PROPS continues to grow alongside the number of activities and work focussed learning opportunities for Trainees. To support that additional provision and to ensure that PROPS continues to provide quality services that are reflective of Trainees' wishes and aspirations, the staff team has also had to increase in number.

For several years, the PROPS strategic plan has focussed on growth and the ability to support more learning disabled people to be involved in meaningful work and to be able to participate in work-based opportunities.

In September 2022, the charity realised one of its primary strategic objectives, to open a local brewery and tap room. The aim of which is to create additional work opportunities for Trainees, so individuals have enjoyed working in the tap room serving customers, being part of the beer brewing team, creating recipes, ordering ingredients, receiving deliveries, naming beers, designing labels, together with all the back office administrative roles, such as stock control, invoicing and organising events.

Alongside the brewery, we have also agreed a long-term lease for a retail shop along Fishponds high street. The premises is in need of some internal redevelopment, but in the fulness of time, we aim to open a café, workshop and shop, creating significantly more community focussed work-based opportunities for the individuals we support.

Finally, the third significant addition to the PROPS enterprise portfolio, was the acquisition of the café within the Vassall Centre. The primary customer base are those workers located within the centre, however increasingly we are seeing members of the local community coming into the centre and choosing to spend some time at the café. A significant element of cafés workload involves catering for conferences and meetings, held at the centre and also a contract with a local partner delivering lunches to local families during school holidays when school meals are unavailable.

The notion of all these new social enterprises, catapults learning disabled people into the mainstream with individuals being an integral part of the customer experience at all levels. Clearly demonstrating that everyone has a valuable contribution to make.

As well as new services, the year saw the highest levels of income in the charity's history, approaching £1m, reflecting the period of growth and demonstrating the strong levels of demand for PROPS services from individual's, their families and local authorities.

Fundraising and donation totals for the period were pleasing at £102k with £78k being unrestricted and £24k being restricted. The unrestricted funds being exclusively due to another very successful Bristol to Bordeaux cycle event which took place in early July.

The trustees have due regard to the Charity Commission guidance on public benefit.

Financial review

Financial position

The statement of financial activities for 2022 is set out on page 7 and shows a reported deficit for the year of £64,239 (2021 surplus £18,388). The deficit is a result of increased investment in services, strengthening the management team and increasing staffing levels in order to be able to offer quality, safe services for new Trainees. The financial position of the charity at the year-end is set out on page 8.

Long term sustainability continues to be the key focus underpinning everything we do at PROPS, ensuring we are here for Trainees, well into the future. The financial results of 2022 reflect strong growth, and investment in organisational structure and management to ensure we are fit and robust for the future.

The charity continues to protect its stable financial position. We continue to maintain stringent oversight of financial management to ensure the ongoing viability of the charity.

Page 3

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

STRATEGIC REPORT Financial review

Reserves policy

PROPS currently holds c.£400k in reserves at the year end. £23,000 were restricted and the remaining were unrestricted reserves.

The retained earnings position is designed to ensure the sustainability of the charity. For 2022 PROPS generated £102k from donations, grants and membership. A significant proportion of this coming from one event - the B2B bike ride.

The reserves we hold allows us to operate for full year should there be a fall in fundraised income. The enduring ambition is to hold capital in excess of our existing reserves policy, to ensure any shock in the year can be absorbed without erosion of our desired 100% capital sufficiency.

The goal for FY2022 is to continue to drive growth through awareness and opportunity. Funds will continue to be reinvested for the benefit of our trainees and the longevity of the charity

Free reserves amounted to £310,645 at 31 December 2022 (2021 £317,475).

Future plans

PROPS is keen to continue its policy of sustainable growth over the next few years. We are constantly seeking new opportunities for additional funding, new initiatives and increasing our fundraising and grant income.

We are currently considering additional avenues for growth and collaboration opportunities with other charities for the creation of exciting new activities which expand upon our existing offerings. Our continued expansion is providing challenges to the limited space available in our existing base at the Vassall centre and we continue to monitor and review this situation.

Page 4

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

PROPS was established on 27 July 2001 and registered as a charity on 3 January 2002.

The board of trustees, who are also directors of the charity for the purposes of the Companies Act, have overall responsibility for the strategy, management and control of PROPS.

The Chief Executive Officer, working with the senior management team, is responsible for delivering the Board's vision and strategy and for the day-to-day operations of the charity. Key management remuneration is set with refernce to market rates.

The Trustees are all volunteers, drawn from a range of backgrounds, in order to provide a broad skills base for the Charity, and appropriate training is provided to assist in fulfilling their roles within the charity.

The Charity regularly reviews the risks arising from its activities and takes appropriate action to minimise the impact of such risks to the charity. The Trustees have reviewed the major strategic, business and operational risks which the Charity faces, and identified key risks.

Actions to address key risk areas have been agreed and progress is reviewed regularly. In addition, strong financial controls are in place to mitigate the risk of financial losses due to theft or fraud, and these controls are also regularly reviewed.

TREASURER'S COMMENT

The financial year, 2022 although generated a loss, saw increased income from local authority fees, fundraising and increased sales from its social enterprises.

In the future, we seek to reduce the current situation, whereby operational performance (excluding fundraising) continues to be loss making with fundraising subsidising day to day activity.

As a group of trustees and management team, we are comfortable with this position. The service provided is over and above the standard requirements, through both resource and the enterprises offered. In the unlikely event fundraising ceases, service could be pared back temporarily to a breakeven position

The continued objective of the trustees is to preserve sustainability of PROPS, while ensuring that the underlying infrastructure of the organisation continues to be fit for purpose and an effective organisation for delivering quality services.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

................................................................. Mr K A Smith - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

Independent examiner's report to the trustees of Providing Opportunities And Support (PROPS) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with 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 as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Susan Plumb The Institute of Chartered Accountants in England and Wales

Haines Watts Chartered Accountants Old Station House Station Approach Swindon Wiltshire SN1 3DU

Date: .............................................

Page 6

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Special Needs projects
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Special Needs projects
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
16
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
77,766
728,424
140,643
1,086
947,919
85,145
928,936
1,014,081
(66,162)
94,111
27,949
354,857
382,806		 Restricted
funds
£
23,896
-
23,482
-
47,378
45,455
-
45,455
1,923
(94,111)
(92,188)
115,385
23,197		 2022
Total
funds
£
101,662
728,424
164,125
1,086
995,297
130,600
928,936
1,059,536
(64,239)
-
(64,239)
470,242
406,003		 2021
Total
funds
£
109,370
577,895
60,506
33
747,804
103,622
625,794
729,416
18,388
-
18,388
451,854
470,242

The notes form part of these financial statements

Page 7

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
12
72,161
CURRENT ASSETS
Debtors
13
109,823
Cash at bank
222,285
332,108
CREDITORS
Amounts falling due within one year
14
(21,463)
NET CURRENT ASSETS
310,645
TOTAL ASSETS LESS CURRENT
LIABILITIES
382,806
NET ASSETS
382,806
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
23,197
23,197
-
23,197
23,197
23,197		 2022
Total
funds
£
72,161
109,823
245,482
355,305
(21,463)
333,842
406,003
406,003
382,806
23,197
406,003		 2021
Total
funds
£
37,382
79,049
371,006
450,055
(17,195)
432,860
470,242
470,242
354,857
115,385
470,242

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mr K A Smith - Trustee

The notes form part of these financial statements

Page 8

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2022
£
(74,345)
(74,345)
(52,265)
1,086
(51,179)
(125,524)
371,006
245,482		 2021
£
(9,440)
(9,440)
(5,489)
33
(5,456)
(14,896)
385,902
371,006

The notes form part of these financial statements

Page 9

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in debtors
Increase in creditors
Net cash used in operations		 2022
£
(64,239)
17,488
(1,086)
(30,776)
4,268
(74,345)		 2021
£
18,388
12,471
(33)
(42,298)
2,032
(9,440)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/22 Cash flow At 31/12/22
£ £ £
Net cash
Cash at bank 371,006 (125,524) 245,482
371,006 (125,524) 245,482
Total 371,006 (125,524) 245,482

The notes form part of these financial statements

Page 10

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Vassall Centre, Gill Avenue, Fishponds, Bristol, BS16 2QQ.

The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £.

Going concern

There are no uncertainties about the charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity contributes to personal pension arrangements of employees to meet the requirements of auto-enrolment. Contributions payable are charged to the Statement of Financial Activities in the period in which they relate.

Page 11

continued...

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES - continued

Debtors and creditors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

2. DONATIONS AND LEGACIES

Unrestricted
funds
£
Donations
71,663
Grants
3,293
Membership
2,810
Conference
-
77,766		 Restricted
funds
£
23,896
-
-
-
23,896		 2022
Total
funds
£
95,559
3,293
2,810
-
101,662		 2021
Total
funds
£
16,858
48,121
2,907
41,484
109,370

All 2021 income above was unrestricted.

Grants received, included in the above, are as follows:

2022 2021
£ £
Government grant - furlough support - 40,621
Council grant 3,293 7,500
3,293 48,121
3. OTHER TRADING ACTIVITIES
OTHER TRADING ACTIVITIES
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Fundraising events 106,688 23,482 130,170 60,506
VC Café income 18,621 - 18,621 -
Brewery income 15,334 - 15,334 -
140,643 23,482 164,125 60,506

All 2021 income above was unrestricted.

Page 12

continued...

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

4. INVESTMENT INCOME

Unrestricted
Restricted
funds
funds
£
£
Deposit account interest
1,086
-
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Income from student fees
Special Needs projects
Income from sales of
goods
Special Needs projects
Other income
Special Needs projects
Of the 2021 income £574,629 was restricted.		 2022
Total
funds
£
1,086
2022
£
713,154
15,023
247
728,424		 2021
Total
funds
£
33
2021
£
560,755
14,924
2,216		 2021
Total
funds
£
33
577,895

6. RAISING FUNDS

Raising donations and legacies

Unrestricted
funds
£
Travelling
209
Other office costs
5,996
Postage, stationary and telephone
7,425
Website costs
14,489
Entertaining
2,035
Bad debts written off
5
30,159
Other trading activities
Unrestricted
funds
£
Purchases
54,986
Aggregate amounts
85,145		 Restricted
funds
£
-
-
-
-
-
-
-
Restricted
funds
£
45,455
45,455		 2022
Total
funds
£
209
5,996
7,425
14,489
2,035
5
30,159
2022
Total
funds
£
100,441
130,600		 2021
Total
funds
£
242
4,526
9,562
4,141
3,328
673
22,472
2021
Total
funds
£
81,150
103,622

Page 13

continued...

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

7. CHARITABLE ACTIVITIES COSTS

Special Needs projects
8.
SUPPORT COSTS
Special Needs projects
9.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Independent Examination fee		 Direct
Costs
£
898,551		 Support
costs (see
note 8)
Totals
£
£
30,385
928,936
Governance
costs
£
30,385
2022
2021
£
£
17,486
12,471
1,600
1,400

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Management
Programme staff		 2022
£
662,183
43,142
26,545
731,870
2022
4
38
42		 2021
£
466,805
25,232
18,344		 2021
£
466,805
25,232
18,344
510,381
2021
1
36
37

Page 14

continued...

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

11. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2022 2021
£60,001 - £70,000 1 -

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £167,836 (2021 £110,986.

12. TANGIBLE FIXED ASSETS

13.

Fixtures
and
fittings
£
COST
At 1 January 2022
12,862
Additions
48,020
At 31 December 2022
60,882
DEPRECIATION
At 1 January 2022
11,084
Charge for year
8,109
At 31 December 2022
19,193
NET BOOK VALUE
At 31 December 2022
41,689
At 31 December 2021
1,778
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors		 Motor
vehicles
£
58,328
-
58,328
34,568
5,940
40,508
17,820
23,760		 Computer
equipment
£
39,404
4,245
43,649
27,560
3,437
30,997
12,652
11,844
2022
£
40,213
69,610
109,823		 Totals
£
110,594
52,265
162,859
73,212
17,486
90,698
72,161
37,382
2021
£
37,973
41,076		 Totals
£
110,594
52,265
162,859
73,212
17,486
90,698
72,161
37,382
2021
£
37,973
41,076
73,212
17,486
90,698
72,161
37,382
2021
£
37,973
41,076
79,049

Page 15

continued...

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2022
£
16,326
(963)
4,174
1,926
21,463		 2021
£
2,532
8,717
2,689
3,257
17,195

15. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Vassall Centre
St James Place
Minibus fund
Apple Pressing
B&Q
HSBC SFX Foundation
Aviva
Calvert Trust
TOTAL FUNDS		 At 1/1/22
£
354,857
107,671
4,170
3,150
394
-
-
-
-
115,385
470,242		 Net
movement
in funds
£
(66,162)
-
-
-
-
5,000
5,000
5,483
(13,560)
1,923
(64,239)		 2022
£
30,876
61,419
92,295
Transfers
between
funds
£
94,111
(107,671)
-
-
-
-
-
-
13,560
(94,111)
-		 2021
£
-
-
-
At
31/12/22
£
382,806
-
4,170
3,150
394
5,000
5,000
5,483
-		 2021
£
-
-
-
23,197
406,003

16. MOVEMENT IN FUNDS

Page 16

continued...

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Medlock Trust
Sport England
Quartete Stoke Park
Nisbets
B&Q
Mrs Milson
HSBC SFX Foundation
Aviva
Calvert Trust
TOTAL FUNDS		 Incoming
resources
£
947,919
5,000
3,091
2,941
7,450
5,000
1,000
5,000
5,483
12,413
47,378
995,297		 Resources
expended
£
(1,014,081)
(5,000)
(3,091)
(2,941)
(7,450)
-
(1,000)
-
-
(25,973)
(45,455)
(1,059,536)		 Movement
in funds
£
(66,162)
-
-
-
-
5,000
-
5,000
5,483
(13,560)
1,923
(64,239)

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Vassall Centre
St James Place
Minibus fund
Apple Pressing
TOTAL FUNDS		 At 1/1/21
£
327,952
116,188
4,170
3,150
394
123,902
451,854		 Net
movement
in funds
£
26,905
(8,517)
-
-
-
(8,517)
18,388		 At
31/12/21
£
354,857
107,671
4,170
3,150
394
115,385
470,242

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continued...

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Vassall Centre
TOTAL FUNDS		 Incoming
resources
£
173,175
574,629
747,804		 Resources
Movement
expended
in funds
£
£
(146,270)
26,905
(583,146)
(8,517)
(729,416)
18,388

The Vassall Centre provides facilities aimed at advancing the life skills and work place experience of its attendees.

St James Place gave a donation towards an employment coach.

Minibus fund - funds raised to purchase two minibuses. One was purchased during 2019, the other was purchased during 2020.

Apple Pressing - funds received to support apple pressing activities.

Medlock Trust - £5,000 grant to be used towards equipment for our new shop/cafe

Sport England - £3,091 grant to be used towards our sports programme

Quartet Stoke Park - £2,941 grant to be used towards our sports programme

Nisbets - £7,450 grant to be used to purchase kitchen equipment for our new shop/cafe

B&Q - £5,000 grant to be used to purchase equipment/furnishings for our new shop/cafe

Mrs Milsom - £1,000 to be used to help support our stay at The Calvert Trust

HSBC SFX Foundation - £5,000 grant to be used towards works/professional services/material for our new cafe/shop

Aviva - £5488 grant to be used for our new shop/cafe

Calvert Trust - income to support our residential stay.

Transfers between funds

Transfers are made from unrestricted funds to restricted funds to cover any restricted funds in deficit.

The operations of the Vassall Centre are considered to be unrestricted in nature. As a result the balance of these funds has been transferred to unrestricted funds at the year end.

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continued...

PROVIDING OPPORTUNITIES AND SUPPORT (PROPS)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.

18. LIMITED BY GUARANTEE

The company is limited by guarantee, having no fixed share capital. The liability of members is limited to £1.

Page 19