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|||Page|
|---|---|---|
|Reference and administrative
details ofthe Company,|its Trustees and advisers||
|Trustees'
report|||
|Trustees'
responsibilities
statement|||
|Independent
auditors'
report on the financial statements||10-13|
|Consolidated
statement
offinancial activities||14|
|Consolidated
balance sheet||15|
|Company
balance sheet||16|
|Consolidated
statement
ofcash flows||17|
|Notes tothe financial statements||18-33|
##
|Trustees|||F H Clark|||||
|---|---|---|---|---|---|---|---|
||||SG Clelland,|||Chair||
||||A Farrands|||||
||||HJLaw|||||
|Company|registered|||||||
|number|||04627969|||||
|Charity registered||||||||
|number|||1096068|||||
|Registered||office|11Foxcote||Avenue|||
||||Peasedown|||StJohn||
||||Bath|||||
||||BA2 8SF|||||
|Chief executive officer|||A Todd|||||
|Independent||auditors|Bishop Fleming||||LLP|
||||Chartered|Accountants||||
||||Statutory Auditors|||||
||||10Temple||Back|||
||||Bristol|||||
||||BS16FL|||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2022
F|2022|2022f|2021|
|INCOME FROM:|||||||
|Donations
and legacies|||539,716|128,470|668,186|848,063|
|Charitable
activities||||158,945|158,945|226,696|
|Other trading
activities|||3,?11,630||3,711,630|2,450,?49|
|TOTAL INCOME|||4,251,346|28?,415|4,538,761|3,525,508|
|EXPENDITURE ON:|||||||
|Raising funds|||2,895,645|385|2,896,030|1,96?,955|
|Charitable
activities|||1,451,475|236,490|1,687,965|1,190,101|
|TOTAL EXPENDITURE|||4,347,120|236,875|4,583,995|3,158,056|
|NET MOVEMENT|IN FUNDS||(95,774)|50,540|(45,234)|36?,452|
|RECONCILIATION|OF FUNDS:||||||
|Total funds brought|forward||929,638||929,638|562,186|
|Net movement
in funds|||(95,774)|50,540|(45,234)|367,452|
|TOTAL FUNDS CARRIED FORWARD|||833,864|50,540|884,404|929,638|
##
|||Note||2022f||2021|
|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||
|Tangible assets||10||212,341||111,905|
|||||212,341||111,905|
|CURRENT ASSETS|||||||
|Debtors||12|548,007||212,765||
|Cash at bank and|in hand||455,849||991,655||
||||1,003,856||1,204,420||
|Creditors: amounts|falling due within one||||||
|year||13|(204,543)||(214,187)||
|NET CURRENT ASSETS||||799,313||990,233|
|TOTAL ASSETS|LESSCURRENT||||||
|LIABILITIES||||1,011,654||1,102,138|
|Creditors: amounts|falling due after more||||||
|than one year||14||(127,250)||(172,500)|
|TOTAL NET ASSETS||||884,404||929,638|
|CHARITY FUNDS|||||||
|Restricted
funds||15||50,540|||
|Unrestricted
funds||15||833,864||929,638|
|TOTAL FUNDS||||884,404||929,638|
##
|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note|||||
|FIXEDASSETS|||||||
|Tangible assets||10||136,185||21,322|
|Investments||11||1,000||1,000|
|||||137,185||22,322|
|CURRENT ASSETS|||||||
|Debtors||12|440,450||380,086||
|Cash at bank and|in hand||264,427||432,694||
||||704,877||812,780||
|Creditors: amounts|falling due within one||||||
|year||13|(178,903)||(63,777)||
|NET CURRENT ASSETS||||525,974||749,003|
|TOTAL ASSETS LESSCURRENT|||||||
|LIABILITIES||||663,159||771,325|
|TOTAL NET ASSETS||||663,159||771,325|
|CHARITY FUNDS|||||||
|Restricted funds||15||50,540|||
|Unrestricted
funds|||||||
|General funds||15|612,619||771,325||
|Total unrestricted|funds|15||612,619||771,325|
|TOTAL FUNDS||||663,159||771,325|
##
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||||2022|2021|
|---|---|---|---|---|
|CASH FLOWS FROM OPERATING|ACTIVITIES||||
|Net cash used in operating
activities|||(355,612)|374,595|
|CASH FLOWS FROM INVESTING|ACTIVITIES||||
|Dividends,
interests
and rents from|investments||3,677|8,457|
|Purchase of tangible fixed assets|||(138,871)|(6,090)|
|NET CASH (USED IN)/PROVIDED|BYINVESTING ACTIVITIES||(135,194)|2,367|
|CASH FLOWS FROM FINANCING|ACTIVITIES||||
|Repayments
of borrowing|||(45,000)|(7,500)|
|NET CASH USED IN FINANCING
ACTIVITIES|||(45,000)|(7,500)|
|CHANGE
IN CASH AND CASH EQUIVALENTS||IN THE YEAR|(535,806)|369,462|
|Cash and cash equivalents
at the beginning
ofthe year|||991,655|622,193|
|CASH AND CASH EQUIVALENTS|AT THE END|OF THE YEAR|455,849|991,655|
|The notes on pages 18to33form part ofthese financial statements|||||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022
f.|2022f|2021|
|Donations||519,154|128,470|647,624|378,655|
|Covid Grants|||||303,525|
|Government|Grants|20,562||20,562|165,883|
|||539,716|128,470|668,186|848,063|
|TOTAL 2021||691,677|156,386|848,063||
##
|||Restricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022
F|2022f|2021|
|PETRA|project|158,945|158,945|216,696|
|Grants||||10,000|
|||158,945|158,945|226,696|
##
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2022|2022|2021|
||E.|E|
|3,684,847|3,684,847|2,450,749|
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||||F|
|Other|income|26,783|26,783||
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2022f|2022|2022f|2021
E|
|Charitable|activities|1,269,692|418,273|1,687,965|1,190,101|
|TOTAL 2021||898,511|291,590|1,190,101||
##
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##
|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2021|
|Shop rental costs||413,095|397,656|
|Shop rates||13,390|24,375|
|PETRA rental costs||109,724|110,739|
|PETRA rates and other costs||28,495|35,919|
|Action Pantry project||102,737|25,705|
|CEBU projects||602,251|304,117|
|||1,269,692|898,511|
|ANALYSIS OF SUPPORT COSTS||||
||Support|Total|Total|
||Activities|funds|funds|
||2022|2022|2021|
|Staff costs|265,839|265,839|207,610|
|Depreciation|5,361|5,361|4,732|
|Staff training|5,676|5,676|1,356|
|General
maintenance|59,?03|59,703|21,866|
|Hotels, travel and subsistence|18,920|18,920|6,153|
|Printing,
postage and stationery|5,393|5,393|1,375|
|Legal and professional|21,173|21,173|16,455|
|Sundryexpenses|16,108|16,108|10,233|
|Events and fundraising|2,9?2|2,972|2,502|
|Information
technology|8,589|8,589|2,776|
|Accounting
services|4,100|4,100|10,971|
|Cleaning|762|762|415|
|Bank Fees and Interest|3,677|3,677|5,146|
||418,273|418,273|291,590|
##
||||||||||||2022|2021f|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Fees|payable|to|the|Company's|auditor|for|the|audit|ofthe|Company's|||
|annual|accounts||||||||||19,700|17,000|
##
|||||Group||Group|Company|Company|
|---|---|---|---|---|---|---|---|---|
|||||2022||2021|2022|2021|
|||||E||F||K|
|Wages and|salaries|||1,914,660||1,383,956|247,229|193,765|
|Social security costs||||116,199||68,541|15,425|11,215|
|Contribution|to defined|contribution|pension||'||||
|schemes||||25,928||16,337|3,185|2,630|
|||||2,056,787||1,468,834|265,839|207,610|
||Group|Group|Company|Company|
|---|---|---|---|---|
||2022|2021|2022|2021|
||No.|No,|No.|No.|
|Employees|132|123|19|12|
##
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||Long-terin||||
|---|---|---|---|---|
||leasehold|Motor|Fixtures and||
||property|vehicles|fittings|Total|
||E||||
|COST OR VALUATION|||||
|At 1 January 2022||12,600|180,725|193,325|
|Additions|130,000||8,871|138,871|
|Disposals||(12,600)|(66,029)|(78,629)|
|At 31 December 2022|130,000||123,567|253,567|
|DEPRECIATION|||||
|At 1 January 2022||10,879|70,541|81,420|
|Charge for the year|1,517||14,626|16,143|
|On disposals||(10,879)|(45,458)|(56,337)|
|At 31 December 2022|1,517||39,709|41,226|
|NET BOOK VALUE|||||
|At 31 December 2022|128,483||83,858|212,341|
|At 31 December 2021||1,721|110,184|111,905|
##
##
||Long-term||||
|---|---|---|---|---|
||leasehold|Motor|Fixtures and||
||property
F|vehicles|fittings|Totalf|
|COST OR VALUATION|||||
|At 1 January 2022||12,600|32,768|45,368|
|Additions|130,000||1,872|131,872|
|Disposals||(12,600)|(22,763)|(35,363)|
|At 31 December 2022|130,000||11,877|141,877|
|DEPRECIATION|||||
|At 1 January 2022||10,879|13,167|24,046|
|Charge for the year|1,517||3,844|5,361|
|On disposals||(10,879)|(12,836)|(23,715)|
|At 31 December 2022|1,517||4,175|5,692|
|NET BOOK VALUE|||||
|At 31 December 2022|128,483||7,702|136,185|
|At 31 December 2021||1,721|19,601|21,322|
##
##
##
||Investments|
|---|---|
||in|
||subsidiary|
|COMPANY|companiesf|
|COST OR VALUATION||
|At 1 January 2022|1,000|
|At 31 December 2021|1,000|
|NET BOOK VALUE||
|At 31 December 2021|1,000|
||1,000|
|At 31 December 2020||
##
|Name|||Company|Registered office or principal|Principal|activity|
|---|---|---|---|---|---|---|
||||number|place ofbusiness|||
|Mercy in|Action Trading||11025273|Jubilee Centre, Lower Bristol|Retail Sales||
|||||Road, Bath, United Kingdom,|||
|||||BA29ES|||
|Class of|Holding|Included|in||||
|shares||consolidation|||||
|Ordinary|100%|Yes|||||
|he fin|anc|ial
res|ults of the subsidia|ry
for the year were:||||
|---|---|---|---|---|---|---|---|
|Name||||Income
f|Expenditure
f|Profit/(Loss)
for the yearf|Net assetsf|
|Mercy|in|Action|Trading|3,711,630|(3,313,438)|398,192|222,245|
##
##
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2022f|2021
f|2022
f|2021
f|
|DUE WITHIN|ONE YEAR|||||
|Trade debtors||99,432|16,283|80,978|2,174|
|Amounts
owed by group undertakings||||164,304|283,119|
|Other debtors||154,682|26,959|20,349|26,959|
|Prepayments|and accrued income|206,024|77,962|174,819|67,834|
|Tax recoverable||87,869|91,561|||
|||548,007|212,765|440,450|380,086|
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2022f|2021|2022f|2021|
|Bank loans||45,250|45,000|||
|Trade creditors||49,431|29,577|18,992|12,088|
|Amounts
owed to group undertakings||||27,699||
|Other taxation and social security||29,295|59,177|119,597|3'l,421|
|Other creditors||46,413|44,677|5,615|5,869|
|Accruals and deferred|income|34,154|35,756|7,000|14,399|
|||204,543|214,187|178,903|63,777|
##
##
##
|||Group|Group|
|---|---|---|---|
|||2022|2021f|
|Bank|loans|127,250|172,500|
|Included
within the above are amounts
falling due as follows|:||
|---|---|---|
||Group|Group|
||2022|2021|
|BETWEEN ONE AND TWO YEARS|||
|Bankloans|45,000|45,000|
|BETWEEN TWO AND FIVE YEARS|||
|Bank loans|82,250|127,500|
##
##
|STATEMENT|OF FUNDS - CURREN|T YEAR||||
|---|---|---|---|---|---|
||||||Balance at|
|||Balance at 1|||31|
|||January|||December|
|||2022|Income|Expenditure|2022|
|UNRESTRICTED FUNDS||||||
|General Funds|- all funds|771,325|539,716|(698,422)|612,619|
|Mercy ln Action|Trading|158,313|3,711,630|(3,648,698)|221,245|
|||929,638|4,251,346|(4,347,120)|833,864|
|RESTRICTED|FUNDS|||||
|Cebu Project|||124,757|(124,757)||
|PETRA Housing
Project|||160,758|(110,218)|50,540|
|Other Projects|||1,900|(1,900)||
||||287,415|(236,875)|50,540|
|TOTAL OF FUNDS||929,638|4,538,761|(4,583,995)|884,404|
##
##
|STATEMENT O|F FUNDS - PRIOR Y|EAR||||
|---|---|---|---|---|---|
||||||Balance at|
|||Balance at|||31|
|||1 January|||December|
|||2021|Income|Expenditure|2021|
|||F||||
|UNRESTRICTED FUNDS||||||
|General Funds||379,809|546,356|(154,840)|771,325|
|Mercy In Action|Trading|114,337|2,596,070|(2,552,094)|158,313|
|||494,146|3,142,426|(2,706,934)|929,638|
|RESTRICTED FUNDS||||||
|Cebu Project||68,040|77,737|(145,777)||
|PETRA Housing|Project||241,760|(241,760)||
|Other Projects|||63,585|(63,585)||
|||68,040|383,082|(451,122)||
|TOTAL OF FUNDS||562,186|3,525,508|(3,158,056)|929,638|
##
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|||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2022|2021|
|Net
income/expenditure|||for|the|year|(as|per|Statement|of Financial|||
|Activities)||||||||||(45,234)|367,452|
|ADJUSTMENTS FOR:||||||||||||
|Depreciation|charges|||||||||16,143|20,530|
|Dividends,
interests||and|rents from||investments|||||(3,677)|(8,457)|
|Loss on the|saic offixed||assets|||||||14,706||
|Decrease/(increase)||in debtors||||||||(335,242)|6,929|
|Decrease
in|creditors|||||||||(2,308)|(11,859)|
|NET CASH|PROVIDED||BY/(USED||IN) OPERATING ACTIVITIES|||||(355,612)|374,595|
##
##
||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||F|
|Cash in hand|||||455,849|991,655|
|TOTAL CASH|AND CASH|EQUIVALENTS|||455,849|991,655|
|ANALYSIS OF CHANGES||IN NET DEBT|||||
||||Ai1||Other non-|At 31|
||||January||cash|December|
||||2022|Cash flows|changesf|2022|
||||F||||
|Cash at bank and in hand|||991,655|(535,806)||455,849|
|Debt due within
1 year|||(45,000)|(2,664)|2,414 .|(45,250)|
|Debt due after|1 year||(1'72,500)||45,250|(127,250)|
||||774,155|(538,470)|47,664|283,349|
##
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|OPERATING LE|ASE COMMITMENTS|ASE COMMITMENTS||||||
|---|---|---|---|---|---|---|---|
|At 31 December|2022 the Group and the||Company
had commitments
to||make
future|minimum
lease||
|payments
under non-cancellable||operating|leases as follows:|||||
||||Group|Group|Company||Company|
||||2022|2021|2022||2021f|
|Not later than
1 year|||462,642|407,323|462,642||407,323|
|Later than 1 year|and not later than 5years||1,189,696|880,705|1,189,696||880,705|
|Later than 5years|||536,865|502,008|536,865||502,008|
||||2,189,203|1,790,036|2,189,203||1,790,036|
##
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