2022-07-31-accounts - The Auditory Verbal Centre

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LEGAL AND ADMINISTRATIVE	DETAILS	DETAILS
TRUSTEES' REPORT (INCLUDING		DIRECTORS' REPORT AND STRATEGIC REPORT)
ANNUAL REVIEW 2021/22
TRUSTEES' RESPONSIBILITIES			16
STATEMENT OF FINANCIAL ACTIVITIES			20
BALANCE SHEET AT31JULY 2022			21
STATEMENT OF CASH FLOWS			22
NOTES FORMING PART OF THE	FINANCIAL STATEMENTS
OUR SUPPORTERS			35

Trustees		Jane Barry (Chair)
		Paul Clifford (Treasurer)
		Katherine Bartrop (appointed x"August xozz)
		Eleanor Conroy
		Elizabeth Delaney (resigned zo June zoxz) Amelia Ehren (appointed x"September zoxx)
		Frances Owen
		Vinay Purwaha (appointed x~September zoxx) Gillian Smith (appointed x"August zozz)
		Jorge Villon (resigned 3o'"June xozz)
		Amanda Wilkinson
Secretary		Elizabeth Delaney
Chief Executive		Anita Grover
Company	Number	o4569764 (England and Wales)
Charity Number		x095133
Registered	Office	Bignell Park Barns
		Chesterton
		Oxfordshire
		OX26 1TD
Business Address		Bignell Park Barns
		Chesterton
		Oxfordshire
		OXx6 xTD
Bankers		Lloyds Bank
		x High Street
		Oxford
		Oxx 4AA
Auditor		Wenn Townsend
		StGiles'
		Oxford
		Oxx 3LE

Risk										Mana	ement Strate
Detrimental			changes		to economic	environment		leading	to	Ensure	diverse revenue streams, invest			in resources and	ensure
more	competitive			fundraising landscape,			and	inflationary		support	and focus on	fund raising
pressures		on	costs leading to increased expenditure							Keep tight control on		costs by monitoring expenditure			against
										bud et
Safeguarding			failure							Clear organisational policies and			procedures
										Annual	safeguarding	audit
										Regular	safeguarding	training
										Desi nated safe uardin lead on			trustee board and staff team
Mental	and physical			wellbeing ofstaff						Emphasis on staff wellbeing at all			levels	oforganisation
										Creation	and support	ofWellbeing	Work stream
										Monthl	vise surve	s

				2022			2021
	Note	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
Income from:
Donations		603,903	5o5,995	1,1o9,898	15g,661	67g,165	838,826
Charitable activities		249i709		2491709	25' 241		25' 241
Investments		172		172	1 0		190
Total income		8 3784	o,	i77	411,0 2	67916	1,0 0,2 7
Expenditure on:
Raising funds		293i504	5~i495	345iggg	226,6g7		226,6g7
Charitable activities		629,044	320I417	949,461	3o6,26o	587,913	894,173
Total expenditure		2ZI 48	372g912	1I2 (460	5 Zg957	587, 1	1120870
Net income/(expenditure)		(68(764)	133)083	64)319	(121g865)	91p252	(30(613)
Transfers between funds		2 OI798	(250I7 8)		(682 )	6,82
Net movement in funds		182,034	(»7,715)	64,319	(128,688)	98,075	(30,613)
Total funds brought forward		434,562	233i771	668,333	563,250	135,6g6	6g8,g46
Total funds carried forward		616,5g6»6,o56		732,652	4 4, 62	2 3,771	668,3

BAlANCE S	HEE	TAT	31JULY2022
						31July 2022	31July 2021
					Note	f	f
Fixed assets
Tangible assets					10	57,656	45,435
Current Assets
Stocks						623	651
Debtors						117,501	84,261
Cash at bank	and	in hand				671,316	682,642
						789,440	767,554
Creditors: amounts		falling	due within one	year		(114,444)	(144,656)
Net current assets						674,996	622,898
Net assets						732,652	668,333
Charity funds
Unrestricted	reserves				13	616,596	434,562
Restricted funds						116,056	233,771
						732,652	668,333
These financial statements			were approved	and authorised	for issue by the Board on 29 November 2022.
Jane Barry
Chair ofTrustees

				Year ended	Year ended
				31July 2022	31July 2021
			Note		E
Cash Aow from operating	activities		17	237539	50,205
Cash flow from investing	activities:
Payments to acquire tangible Interest received Net cash flow from investing		fixed assets activities	10	(357037) 172 ~(666 )	(15,711) ~1D ~77,67 )
Net increase in cash and	cash	equivalents		(11,326)	34684
Cash and cash equivalents	at	1August		682,642	647,958
Cash and cash equivalents	at	31July		~671, 16	682,642

							2022	2021,
INCOME FROM DONATIONS
					Unrestricted	Restricted	Total	Total
AB David Charity					2,500		2I500	3rooo
Anonymous								2I 1.02
Anonymous								3r2o8
Birkdale					2,500		2I500
BNA Charitable Inc Org								6,8oo
Braintree United Charities						500	500
CHK Charities Ltd								50r000
City Bridge Trust						40,000	40IOOO	7I500
CMA Mr Slavin								5Iooo
Freemasons					500		500
GJW Turner						10,000	1OI000
Goldman Sachs international					13,000		13I000	3I570
Headingly Rotary					3,000		3IOOO
Hill House School					2,186		2,186	1,862
HMRC gift aid					33,658		33,658
Hoare Trustees
								97r533
Hodge Foundation								1OIOOO
Hugo Stone					1,108		1108
I Can communication	trust					35IOOO	35r000
John Horniman's Children's			Trust					2I500
Jonathan Lerner						3,000	3IOOO
Jorge Villon					4,005	52I495	56r500
Kintbury Capital								6,825
The King's Fund					3,189		3 189
The Leathersellers Foundation						10,000	10I000	10IOOO
The Lord and Lady Lurgan			Trust					2IOOO
Louise Nichol's Charitable			Trust		5,000		5rooo	1OIOOO
Man Charitable Trust					50,000		50IOOO	50I000
Marguerite Foundation						150,000	15orooo	150IOOO
MariaMarina Foundation						110,000	110IOOO	11OIOOO
Moondance Foundation								34r905
Mulberry House School					8o6		8o6	2q472
Mulberry House School								2I027
PF Charitable Trust
								3IOOO
Postcode Neighbourhood		Trust						19,876
Rogers Family Charitable		Trust						1I920
Schroders Charity Trust								5IOOO
Simply Health People								111270
Susanna Peake Charitable		Trust				50IOOO	50IOOO
The Sobell Foundation						25,000	25IOOO	40rooo
The Dorothy Hay-Bolton Charitable				Trust	3,000		3IOOO	3I000
The Grace Trust								1I250

The 6rimer Family
The Lotus Charitable	Foundation							1~018
The Lovel Foundation								1I000
The National Lottery	Community		Fund			Z0,000	ZOiOOO	15016
The Syncona Foundation The Wonder ofSound Event Donations from individuals,		community		groups and small	8o,ooo 363,040		Bo,ooo 363,04o	6o,ooo 8o,ooo
trusts below rx,ooo					36,411		36,411	z6,161
					603,903	505&995	1g109'898	838q826

			2022	2021
	Unrestricted	Restricted	Total	Total
Sale ofBooks/CD's	298		298	672
Sessional Income	167,694		167,694	176,969
Training Income	70I704		70i704	53'944
Other Income	11,013		11'013	19,656
	249i709		249'709	252s242

		2022	2021
Unrestricted	Restricted	Total	Total
205i753		»5i753	203s279
87,751	52i495	140q246	23 418
293'504	52,4 5	345,999	226,697

				2022	2021
		Unrestricted	Restricted	Total	Total
Direct Costs:
Staff Costs		176,732	194,406	371,138	331/416
Other Direct	Costs	29/454		29/454	21/033
Support Costs (note 6)		417,098	126,011	543/109	538/124
Governance	Costs (note 7)	5,760		5760	3/600
		629/044	320/417	949/461	894/173

				2022	2021
		Unrestricted	Restricted	Total	Total
Indirect Staff Costs		268,424	20,511	288,935	3o3,932
	Recruitment	20,762		20,762	8,480
Staff Training	&Conferences	7,655		7/655	4/222
Travel &Other Staff Costs		1,409		1/409	255
		34,387		34,387	38,984
	Premises	45/352	105,500	150/852	159/999
	Insurance	1,163		1,163	1/174
	Consumables	2,384		1,384	2/254
Legal	8 Professional	1,673		1,673	195
Accountancy 8 Payroll		11/902		1.1/902	9/214
	Bad Debt	672		672	(2/192)
	Depreciation	19,014		19/014	1.0/031
	Bank Charges	1,720		1/720	1/607
Sundry Expenses				553	289
Costs	ofgoods sold	28		28	(321)
		417/098	126/011	543/109	538/124

		2022	2021
Unrestricted	Restricted	Total	Total
, 6o		5,76o	6oo
5,76o		5,76o	3/600

			2022	2021
Net income/(expenditure)	isstated	after charging:
Depreciation oftangible Operating lease rentals,	fixed assets including VAT		22,816 130260	12,221 131I029

e charity pays atten	dance travel expenses	dance travel expenses	and provides refreshme	nts at trustee meetings. Total cost was anil (2o21	nts at trustee meetings. Total cost was anil (2o21	nts at trustee meetings. Total cost was anil (2o21	:znii).
The average monthly	number ofemployees		and full time equivalent	(FTE)during the period was as follows:
				2022	2022	2021	2021
				Number	FTE	Number	FTE
Raising funds Charitable activities				39 25.0	3 15	39 21.4	3.0
				28.9		25.	17.2
The total staff costs and employees		benefits	was as follows:
						2022	2021
Staffcosts analysis
Salaries
Social security costs Other pension costs						745I057 55,287 6,87	724I932 57I273 I 12
						86, 51	836,117
Staffcosts by function
Raising funds Charitable activities						152.I460 713I991	144I973 691,1 4
						865,451	836,117

xo TANGIBLE FIXEDASSETS	xo TANGIBLE FIXEDASSETS
		Training	Office	Leasehold		Systems
		Equipment	Equipment	Improvements		DeveloPment	Total
		E	f		E
Cost
At 1August zozx Additions		27,632	128117 11,661	11/094		33&150 23,376	199/993 35&037
At 31July zozz		z7,6 2	139,778	11,0	4	56,5z6	2 /0 0
Depreciation
At 1AUgust 2021 Charge forthe year		27,632	112,865 xo,z82	10&194 900		3,867 11,634	154/558 22/816
At 3xJuly zozz		27,632	12,147	11/0	4	15&501	177374
Written down value
At31July 2022			166 1			41&025	57 656
At31July 2021			15,252	900		29I283	45.435
xx DEBTORS
						2022	2021
Rent deposit Trade debtors Sundry debtors						23/500 4r„087 (xBx)	23,500 9,698 4/504
Prepayments						0/0	46 5
						117&501	84,261
xz CREDITORS: AMOUNTS	FALLING	DUE WITHIN ONE YEAR
						2022	2021
Trade creditors						25,832	14/542
Accruals and deferred income* Other creditors						76,994 zx 6x8	75&901 27& 1
						114444	144,656

At 1JUly 2021 Net surplus/(deficit) At31July zozz	forthe period	434,562 ~8z, o I 6&6,666

						Resources
				At 1Aug 2021	Incoming resources	expended/ transferred	At 31July 2o22
Braintree United Charities					500	500	E
CHK Charities Ltd City Bridge Trust GJW Turner				48,926	40,000 10,000	48,926 40,000 10/000
ICan, Communication Trust John Horniman's Children's Jonathan Lerner JVillon		Trust		2/500	35,000 3/000	32/083 2,500 3,000	2/917
					52/495	52/495
Kintbury Capital The Leathersellers Foundation				6,825	10,000	10/000	6,825
The Lovel Foundation Man Charitable Trust				2,o66 42/500	20,000	2,o66 42/500	20/000
Marguerite Foundation Maria Marina Foundation Moondance Foundation Susanna Peake Charitable The Sobell Foundation	Trust			23,638 48,207 36,259 20/ OOO	150,000 110/000 50/000 25,000	173,638 110,000 6,I,84 41,668 45&000	48,207 29/775 8,332
The Stanley Grundy Charitable			Trust	2,85o		2,85o
				233 71	50 /99	62,71o	116,o 6

training provision were	alloca	te	d during the period.
Fund				Pur ose
Braintree United Charities				Famil Bursaries
CHK Charities Ltd				Famil Bursaries
The Cit Brid eTrust				Core London centre costs
GJW Turner				Tele ractice
ICan, Communication	Trust			Clinician's sala
John Horniman's Children's		Trust		Clinician's sala
Jonathan Lerner				Trainin Bursaries
JVillon				Fundraisin Event
Kintbu Ca ital				Famil Bursaries
The Leathersellers Foundation				London centre core costs
Man Charitable Trust				Bursaries and remises costs
The Mar uerite Foundation				Clinicians' sala
MariaMarina Foundation				Bursaries and outreach work
Moondance Foundation				Famil bursaries in Wales
Susanna Peake CT				Famil Bursaries
The Sobell Foundation				Premises
The Stanle Grund Charitable			Trust	Trainin Bursaries

				At
				1August	Incoming	Resources	At
				2020	resources	expended	31JUly 2021
						E
The Beehive Fund				6,825		6,825
CHK Charities Ltd City Bridge Trust Hoare Trustees				37/500	50,000 7/500	1/074 45,000	48,926
					97/533	97/533
Hodge Foundation					Io/000	10/000
John Horniman's Children's	Trust				2,500		2/500
Kintbury Capital The Leathersellers Foundation					6,825 10/000	10/000	6,825
The Lord 8 Lady Lurgan Trust					2/000	2IOOO
The Lovel Foundation Man Charitable Trust				3,383	15,026 50/000	12/960 3.o,883	2,o66 42/500
Marguerite Foundation Maria Marina Foundation				17,853 63,454	150/000 110IOOO	144,215 125,247	23,638 48/207
Moondance Foundation CMA Mr Slavin The NationalLottery Community			Fund	1/354	34/905 5,000 6o,ooo	5,000 6o,ooo	36,259
Ovingdean Hall Foundation				327		327
PF Charitable Trust The Postcode Neighbourhood Schroders Charity Trust The Sobell Foundation		Trust			3,000 1g,876 5I000 40,000	3,000 1g,876 5,000 20/000	20/000
The Stanley Grundy Charitable		Trust		5,000		2,150	2,85o
				135,696	67g,165	581090	23 771

x6ANALYSIS OF NET ASSETSBETWEEN FUNDS
	Unrestricted	Restricted	2022
	Funds	Funds	Total
	E		f
Tangible fixed assets	57,656		57,656
Stock	6z3		623
Debtors	117,50'1		1171501
Bank and cash balances Current creditors	554,260 (1, 44)	116,056	672I326 (»4,44 )
	616,596	xx6,o56	73z,6 2
Prior year	Unrestricted	Restricted	2021
	Funds	Funds	Total
Tangible fixed assets	45I435		45I435
Stock	651		651
Debtors	84,261		84,z61
Bank and cash balances	448,871	233(771	68z,642
Current creditors	(1446 6)		(144,656)
	434,562	233~771	668)333

RECONCILIATION	OF NET INCOM	E/(EXPENDITURE) TO NET CASH F	LOW FROM OPERATIN6 ACTIVITIES
			2022	2021
Net income /(expenditure) foryear			64,3x9	(30,613)
Interest receivable			(x7z)	(xgo)
Depreciation			22,816	12I220
(Increase)/decrease	in stock		28	(343)
(Increase)/decrease	in debtors		(33I240)	34i945
Increase/(decrease)	in creditors		( 0 zxz)	x86
Net cash in/(out)flow	from operating	activities	23I539	50,205