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|---|---|---|---|---|
|Charity Reference and Administrative|||Details||
|Trustees Annual
Report|||||
|Independent|Examiners|Report|||
|Consolidated|Statement|of Financial|Activities|10|
|Consolidated|Balance Sheet||||
|Charity Balance Sheet||||12|
|Statement of|Cashflows|||13|
|Notes to the|Financial Statements|||14|
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|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note|Unrestricted|Restricted|Total Funds|Total Funds|
||||Funds|Funds|||
|Income and endowments|from:||||||
|Government
grants: JRSScheme|||2,471||2,471|35,376|
|WMBC Covid support||||||37,100|
|Donations
and legacies|||8,176||8,176|18,770|
|Charitable
activities|||5,915||5,915|3,000|
|Other trading activities|||50,242||50,242|54,459|
|Other||||||917|
|Total income and endowments|||66,804||66,804|149,622|
|Expenditure
on:|||||||
|Charitable
activities|||118,898||118,898|103,953|
|Total expenditure|||118,898||118,898|103,953|
|Net gains on investments||16||25,704,917|25,704,917|(2,398,000)|
|Net income / (expenditure)|||(52,094)|25,704,917|25,652,823|(2,352,331)|
|Other recognised
gains/(losses):|||||||
|Losses on revaluation
offixed assets|||||||
|Net movement
in funds|||(52,094)|25,704,917|25,652,823|(2,352,331)|
|Reconciliation offunds:|||||||
|Total funds brought
forward|||374,454|20,916,000|21,290,454|23,642,785|
|Total funds carried forward|||322,360|46,620,917|46,943,277|21,290,454|
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||||Note|2022|2021|
|---|---|---|---|---|---|
|||||f|E|
|Fixed Assets||||||
|Tangible assets|||13|386,736|381,918|
|Investments|||15|46,620,917|20,916,000|
|||||47,007,653|21,297,918|
|Current Assets||||||
|Debtors|||16|26,078|34,299|
|Cash at bank|and in hand|||3,190|23,304|
|||||29,268|57,603|
|Creditors||||||
|Amounts
falling due within one year|||17|(35,644)|(6,067)|
|Net current|assets/(liabilities)|||(6,376)|51,536|
|Total assets|less current liabilities|||47,001,277|21,349,454|
|Creditors||||||
|Amounts
falling due after more than one|||18|(59,000)|(59,000)|
|year||||||
|||||46,942,277|21,290,454|
|Charity Funds||||||
|Unrestricted|funds||19|322,360|374,454|
|Restricted
capital||funds|19|46,620,917|20,916,000|
|||||46,943,277|21,290,454|
##
|ear ended 3|1stAugust 2|022||||
|---|---|---|---|---|---|
||||Note|2022|2021|
|Fixed Assets||||||
|Tangible assets|||14|386,736|381,918|
|Current Assets||||||
|Debtors|||16|88,242|75,453|
|Cash at bank|and in hand|||1,101|23,293|
|||||89,343|98,746|
|Creditors||||||
|Amounts
falling due within one year|||17|(35,644)|(6,067)|
|Net current|assets/(liabilities)|||53,699|92,679|
|Total assets|less current|liabilities||440,435|474,597|
|Creditors||||||
|Amounts
falling due after||more than one year|18|(59,000)|(59,000)|
|||||381,435|415,597|
|Charity Funds||||||
|Unrestricted|funds|||381,435|415,597|
|Restricted funds||||||
|||||381,435|415,597|
##
|||Note|2022|2021|
|---|---|---|---|---|
|Net cash flows from operating
activities||22|(25,738,869)|2,419,845|
|Cash flows from investing|activities||||
|Purchase oftangible fixed|assets|14|(5,905)||
|Change
in tangible
fixed asset investments||14|25,704,917|(2,397,083)|
|Cash flows from financing|activities||||
|Interest
paid||13|||
|Increase/(decrease)
in cash and cash|||||
|Equivalents
in the year|||(39,857)|22,762|
|Cash and cash equivalent|at 1September 2021||23,304|542|
|Cash and cash equivalents|at31August 2022||(16,553)|23,304|
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|Income from|donations|and legacies|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|f|
|Donations|||||||
|Unrestricted|-General||||8,176|18,770|
|All ofthe above income||was attributable|to unrestricted|funds.|||
|Income from|charitable|activities|||||
||||||2022|2021|
||||||F|f|
|Restaurant|||||||
|Ladder School|||||5,915|3,000|
|Total|||||5,915|3,000|
|All ofthe above income||was attributable|to unrestricted|funds.|||
##
##
||||2022|2021|
|---|---|---|---|---|
||||E|f|
|Property|cost|recharges|18,222|24,265|
|Support|cost|recharges|30,583|26,602|
|Other|||1,437|3,592|
|Total|||50,242|54,459|
##
##
|nalysis ofexpenditure
on charitab|le
activities|||
|---|---|---|---|
||Direct|Support|Total|
||Costs|Costs||
||E|E|f|
|Property|45,831|47,454|93,285|
|Support|20,822|1,545|22,367|
|Ladder|3,150|96|3,246|
|Total|69,803|49,094|118,898|
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|haritable
ac|tivities c|ost|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f|f|
|Wages &salaries|||||53,456|52,394|
|Training|||||1,375||
|Rent, rates|&water||||4,707|4,865|
|Insurance|||||5,129|5,153|
|Heat &light|||||13,808|6,334|
|Repairs &maintenance|||||11,303|7,298|
|Advertising|& marketing||||3,150|2,378|
|Post, print|&stationery||||8,100|7,850|
|Telephone|||||6,562|6,055'|
|Travel, subs &entertaining|||||28|8|
|General expenses|||||108|594|
|Legal & professional||fees|||1,200|5,672|
|Cleaning|||||4,700||
|Depreciation|||||1,086|639|
|Governance|||||4,186|4,713|
|Total|||||118,898|103,953|
|Governance|costs||||||
||||||2022|2021|
||||||f|f|
|Professional|fees|||||228|
|Independent|Examination||Fees||3,400|2,500|
|Miscellaneous|||||786|1,985|
|Total|||||4,186|4,713|
|Net income|for year||||||
|Net income|is stated|after|charging:||||
||||||2022|2021|
||||||f|f|
|Depreciation
oftangible assets|||||1,086|639|
|Change
in fair value||movement||ofinvestments|(25,704,917)|2,398,000|
|Profit on sale oftangible assets||||||917|
|Staff costs a|nd employee benefits||||||
|---|---|---|---|---|---|---|
|The average|number ofemployees|and|full time equivalent|(FTE)during the year was as follows:|||
||||2022|2022|2021|2021|
||||Number|FTE|Number|FTE|
|Charitable|activities||4|3|4|3|
|The total staff costs and employee
benefits were|as follows:||
|---|---|---|
||2022|2021|
||f|f|
|Wages and salaries|50,715|50,800|
|Social security costs|1,276|171|
|Pension costs|1,465|1,423|
|Total|53,456|52,394|
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|13.|Tangible
Fixed|Assets —Group|||||
|---|---|---|---|---|---|---|
||||Land &|Plant|&|Total|
||||Buildings|Machinery|||
||||f|f|||
||Cost||||||
||At 1"September 2021||593,477|174,732||768,209|
||Additions||||5,904|5,904|
||Disposal s||||||
||At 31"August|2022|593,477|180,636||774,113|
||Depreciation||||||
||At 1"September 2021||213,477|172,814||386,291|
||Charge for year||||1,086|1,086|
||Depreciation|on disposal|||||
||At 31~August|2022|213,477|173,900||387,377|
||Net BookValues||||||
||At 31"August|2022|380,000||6,736|386,736|
||At 31"August|2021|380,000||1,918|381,918|
|14.|Tangible Fixed|Assets —Charity|||||
||||Land &|Plant|&|Total|
||||Buildings|Machinery|||
||||f|f|||
||Cost||||||
||At 1"September 2021||593,477|174,732||768,209|
||Additions||||5,904|5,904|
||At 31"August|2022|593,477|180,636||774,113|
||Depreciation
At 1"September 2021||213,477|172,814||386,291|
||Charge for year||||1,086|1,086|
||Depreciation|on disposal|||||
||At 31"August|2022|213,477|173,900||387,377|
||Net BookValues||||||
||At 31"August|2022|380,000||6,736|386,736|
||At 31"August|2021|380,000||1,918|381,918|
|ixed Assets Inves|tments||
|---|---|---|
|||Other|
|||Investments|
|Valuation|||
|At 1"September|2021|23,919,000|
|At 31"August 2022||23,919,000|
|Impairment|||
|At 1~ September|2021|3,003,000|
|Gain in year||(25,704,917)|
|At 31"August 2022||(22,701,917)|
|Carrying amount|||
|At 31"August 2022||46,620,917|
|At 31"August 2021||20,916,000|
|Debtors: Amou|nts
falling due within on|e year||||
|---|---|---|---|---|---|
|||Group||Charity||
|||2022|2021|2022|2021|
|||f|f|f|f|
|Trade debtors||11,313|4,452|11,313|4,452|
|Amounts
owed by group companies||||62,164|41,154|
|Prepayments|and accrued income|2,884|3,627|2,884|3,627|
|Other debtors||11,881|26,220|11,881|26,220|
|Total||26,078|34,299|88,242|75,453|
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|||||||Group|||Charity||
|---|---|---|---|---|---|---|---|---|---|---|
||||||2022||2021|2022||2021|
||||||f||f|f||f|
|Bank loans and overdrafts|||||||||||
|Trade creditors||||||9,177|612|9,177||612|
|Taxation and|social|security|||||1,324|||1,324|
|Accruals and|deferred||income|||5,363|3,691|5,363||3,691|
|Other creditors||||||1,361|440|1,361||440|
|Total|||||15,901||6,067|15,901||6,067|
|reditors: Amounts||falling due||after more|than|one year|||||
|||||||Group|||Charity||
||||||2022||2021|2022||2021|
||||||f||f|f||f|
|Other creditors|||||59,000||59,000|59,000||59,000|
|und Reconciliation|||||||||||
|||||Balance at|lncorne||Expenditure|Gains|/|Balance at|
|||||1"Sept||||(Losses)||31"August|
|||||2021||||||2022|
|||||f||||||f|
|Unrestricted|Funds||||||||||
|General funds||||374,454||66,804|(118,898)|||322,360|
|||||374,453||66,804|(118,898)|||322,360|
|Restricted
Capital||Funds|||||||||
|Mercian Trust||||20,916,000||||25,704,917||46,620,917|
|||||20,916,000||||25,704,917||46,620,917|
|||||21,290,454||66,804|(118,898)|25,704,917||46,943,277|
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|20.|Analysis|of net assets|betw|een|f|unds||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted||Restricted|Total|
|||||||||Funds||Funds|Funds|
|||||||||f||f|f|
||Tangible|fixed assets||||||386,736||46,620,917|47,007,653|
||Current|assets|||||||9,525||9,525|
||Current|liabilities||||||(15,901)|||(15,901)|
||Creditors|falling due|after|more||than one|year|(59,000)|||(59,000)|
||Total|||||||321,360||46,620,917|46,942,277|
|21.|Reconciliation ofnet||movement|||in funds|to net cash|flow from|operating|activities||
|||||||||||2022|2021|
|||||||||||f|f|
||Net income/(expenditure)|||for|the year|||||(52,094)|45,669|
||Interest|payable||||||||||
||Depreciation
and impairment||||oftangible||fixed assets|||1,086|639|
||Gains on|investments||||||||(25,704,917)|2,398,000|
||Profit on|sale offixed assets|||||||||(917)|
||(Increase) decrease||in debtors|||||||8,221|28,266|
||Increase|(decrease)|in creditors|||||||8,834|(51,812)|
|||||||||||(25,738,870)|2,419,845|
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