Charity registration number 1100024 Company registration number 04556657 (England and Wales) ## ALTERNATIVES WATFORD # ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 | | | ## ALTERNATIVES WATFORD ## LEGAL AND ADMINISTRATIVE INFORMATION , |ee|ee| |---|---| |Trustees|C Strevens| ||E Hawkings| ||B Pocklington| ||R Robinson| |Secretary|G Strevens| |Charity number|1100024| |Companynumber|04556657| |Registered office|15Clarendon Road| ||Watford| ||Hertfordshire| ||WD17 1JR| |Independent examiner|JohnWilson FCAATII| ||Howard Wilson CharteredAccountants| ||36 Crown Rise| ||Watford| ||Hertfordshire| ||WD25 ONE| |Bankers|Co-operative Bank| ||5 - 7 Market Street| ||Watford| ||Herts| ||WD18OPD| ee | | ## ALTERNATIVES WATFORD ## CONTENTS ||Page|| |---|---|---| |Trustees’ report|1-3|| |Statement oftrustees’ responsibilities|4|| ||||| |Independent examiner's report|5|| |Statement offinancial activities|6|| |Balance sheet|7|| |Notestothefinancialstatements|8-17|| ## ALTERNATIVES WATFORD TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022 eee The trustees present their annual report and financial statements for the year ended 31 March 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "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 | Therelated charity'schallenges.objectives are to offer life-changing emotional and practical support to anyone facing pregnancy : Alternatives Watford’s primary role is a pregnancy crisis and support centre offering pregnancy tests and emotional support to people facing unplanned pregnancy, ante-natal anxiety, miscarriage, post-abortion stress postnatal depression, infertility and still birth. We provide qualified counsellors who meet with the clients on a one-to-one basis offering unbiased, confidential support. All sessions are offered free of charge however we actively invite clients to make a donation per session based on a sliding scale of income. During the pandemic our counselling services have continued via phone calls and zoom calls. We have seen a huge increase in demand for our services during the pandemic and our counselling team has grown to a team of 10 counsellors who are all currently working from home. The Baby Box project received some funding from Hertfordshire Community Housing and individual people . We have given over 240 filled Baby Boxes to families in need and during the pandemic when we were unable to obtain boxes we ensured people in need received bags full of clothing and other items that they needed. The pandemic has affected business with both charity shops being closed in line with government laws and guidance for non-essential retail. Thankfully, due to some wonderful grants, the council support and the furlough scheme we have been able to continue and remain in a positive position going forward. We have not been able to engage in organized fundraising activities due to the pandemic but individuals and the staff team have undertaken sponsored events and collections from home and on-line. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake and our mission statement was clearly defined to help us see where new activities fit into our aims and objectives. We have undertaken changes to our working practice and risk assessment in line with government guidance for working safely during a pandemic and have supported vulnerable staff and volunteers to the best of our ability during this time. The charity is grateful to the dedicated staff, volunteers and supporters who each play a vital role in the work that we do and for the determination and dedication shown throughout a very difficult year. Achievements and performance During the course of the year the charity engaged with clients over 2,000 counselling hours for pregnancyrelated challenges. eee, -1- ! | | ## ALTERNATIVES WATFORD ## TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ## Financial review The financial results are set out in the following statement of financial activities. The year ended 31 March 2022 shows a net surplus on unrestricted funds (after transfers) amounting to £7,220 (2021 - £43,618) giving the charity carry forward an unrestricted reserve surplus of £97,470 (2021 - £90,250) to be used in furtherance of its charitable objects. The trustees are aware that this has been an unprecedented year and it is difficult to assess our financial situation due to the pandemic but at the time of writing we feel in a stable position and are watchful for how our recovery occurs going forward, we will make every effort to increase funding in order to secure a sustainable future. With the support of grants and the furlough scheme, despite the pandemic, the charity maintains a stable financial position, able to meet it's obligations and plan for growth in the future meeting the increased demands for counselling support. The trustees consider it prudent to maintain unrestricted reserves equivalent to six months of operating costs approx. £75,000, in a general fund. This level offers the charity the capacity to manage unforeseen financial difficulties to beneficiaries, funders and the public. This includes — but is not limited to — the cost of continuing to employ counsellors in the short term, while any counselling programmes are concluded. The current level of funds exceeds this amount, and in conjunction with the agreed budget aims to maintain at least this level of unrestricted funds. Under the charity's governing document, the charity has the power to make any investment that the Trustees see fit. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. These are reviewed regularly. As we draw a close on this financial year a global pandemic has begun which has resulted in the temporary closure of both shops and our baby box project due to the government restrictions and lockdown. Counselling will continue to take place via phone and video link where possible. We are accessing the governments furlough scheme and all staff except the CEO have been placed on furlough leave until further notice. We will be looking into grants and government help going forward in order to survive. We acknowledge that we have some reserves and will continue to monitor the situation as it unfolds. The CEO will work from home to maintain the charity and apply for grants during lockdown. ## Structure, governance and management The charity is a company limited by guarantee, which was incorporated on 8th October 2002. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: C Strevens E Hawkings B Pocklington R Robinson -2- ## ALTERNATIVES WATFORD ## TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 # eee The process of identifying new trustees tends to be by word of mouth. When a need arises the choice of trustee is often determined by identifying specific skill gaps. The individual would normally be approached by the Chair and invited to meet trustees at a management meeting following which the trustees would decide whether or not it would be appropriate to offer the appointment. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The Charity is overseen by a board of trustees who meet regularly at Trustees and Management Committee meetings. The Charity is managed on a day to day basis by Angela Such, we employ a part time administrator and 4 part time shop managers. We have a team of approximately 15 volunteers. The trustees' report was approved by the Board of Trustees. E Hawkings Trustee Dated: ALO 22... eee -3- ## ALTERNATIVES WATFORD ## STATEMENT OF TRUSTEES' RESPONSIBILITIES ## FOR THE YEAR ENDED 31 MARCH 2022 The trustees, who are also the directors of Alternatives Watford for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. -4- ## ALTERNATIVES WATFORD ## INDEPENDENT EXAMINER'S REPORT ## TO THE TRUSTEES OF ALTERNATIVES WATFORD ## ee | : | report to the trustees on my examination of the financial statements of Alternatives Watford (the charity) for the year ended 31 March 2022. ## Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## Independent examiner's statement - | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 2 _ the financial statements do not accord with those records; or 3 the financial statements 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 financial statements 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). | 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 financial statements to be reached. ## John Wilson FCA ATII Howard Wilson Chartered Accountants 36 Crown Rise Watford Hertfordshire WD25 ONE Dated: ahel22 eee -5- | | | ## ALTERNATIVES WATFORD ## STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds||funds|funds|| |||2022|2022|2022|2021|2021|2021| ||Notes|£|£|£|£|£|£| |Income from:
Donations and legacies|3|90,635|323|90,958|54,687|585|55,272| |Charitable activities|4|8,000|3,960|11,960|86,379|16,000|102,379| |Othertrading activities|5|1,423|-|1,423|3,797|-|3,797| |Total income||100,058|4,283|104,341|144,863|16,585|161,448| |Expenditure on:|||||||| |Raising funds|6|369|-|369|160|-|160| |Charitable activities|7|92,469|10,792|103,261|99,688|7,405|107,093| |Total expenditure||92,838|10,792|103,630|99,848|7,405|107,253| |Gross transfers|||||||| |between funds||-|-|-|(1,397)|1,397|-| |Net income/(expenditure)|||||||| |forthe year/|||||||| |Netmovement in funds||7,220|(6,509)|711|43,618|10,577|54,195| |Fund balances at 1 April|2024|90,250|15,697|105,947|46,632|5,120|51,752| |Fund balances at 31 March|||||||| |2022||97,470|9,188|106,658|90,250|15,697|105,947| | The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. -6- ## ALTERNATIVES WATFORD ## BALANCE SHEET ## AS AT 31 MARCH 2022 ## TT | |||2022||2021|| |---|---|---|---|---|---| ||Notes|£|£|£|£| |Fixed assets|||||| |Investments|11||1||4| |Current assets|||||| |Debtors|12|8,549||1,046|| |Cash at bankand in hand||105,221||107,082|| |||113,770||108,128|| |Creditors: amounts falling due within|||||| |one year|13|(7,113)||(2,182)|| |Net current assets|||106,657||105,946| |Total assets less current liabilities|||106,658||105,947| |income funds|||||| |Restricted funds|14||9,188||15,697| |Unrestricted funds|||97,470||90,250| ||||106,658||105,947| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. **----- Start of picture text -----**
The financial statements were approved by the Trustees on uw... eee
C Strevens E Hawkings
Trustee Trustee
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## Company registration number 04556657 **----- Start of picture text -----**
ee
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-7- ## ALTERNATIVES WATFORD ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 - 1 Accounting policies ## Charity information Alternatives Watford is a private company limited by guarantee incorporated in England and Wales. The registered office is 15 Clarendon Road, Watford, Hertfordshire, WD17 1JR. 1.1 Accounting convention These accounts have been prepared in accordance with “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 2015)”. The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved applying “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 2015)” rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. - 1.2 Going concern > , At the time of approving the financial statements, despite the ongoing and potential effects of COVID-19, ? the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees continue to adopt the going concern basis of accounting in preparing the financial statements and no adjustments to the results or the carrying values declared in these financial statements are required, and none have been made. | 1.3 Charitable funds | Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. | At the time of approving the financial statements, despite the ongoing and potential effects of COVID-19, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees continue to adopt the going concern basis of accounting in preparing the financial statements and no adjustments to the results or the carrying values declared in these financial statements are required, and none have been made. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. - 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. The value of services provided by the voluteers are not included in the Statement of Financial Activities. 1.5 Expenditure Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be ailocated directly to such activities and those costs of an indirect nature necessary to support them. -8- 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of | depreciation and any impairment losses. | ! Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over | their useful lives on the following bases: ## ALTERNATIVES WATFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 eee 1 Accounting policies (Continued) Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit or independent examination fees and costs linked to the strategic management of the charity. ## Plant and machinery ## 25% on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. ## 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to alll of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. eee -9- ## ALTERNATIVES WATFORD ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 - 1 Accounting policies ## (Continued) ## Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## Derecognition of financial liabilities Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. - 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## 2 Critical accounting estimates and judgements In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. -10- | | ## ALTERNATIVES WATFORD ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ## eee ## 3 Donations and legacies ||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||funds|funds||funds|funds|| ||2022|2022|2022|2021|2021|2021| ||£|£|£|£|£|£| |Donations and gifts
Grants|89,742
893|323
-|90,065
893|35,867
18,820|585
-|36,452
18,820| ||90,635|323|90,958|54,687|585|55,272| |Donations and gifts||||||| |Donations|26,379|323|26,702|24,474|585|25,059| |Distribution from||||||| |Subsidiary company||||||| |under giftaid|63,363|-|63,363|11,393|-|11,393| ||89,742|323|90,065|35,867|585|36,452| |Grants receivable for||||||| |core activities||||||| |Coronavirus Job||||||| |Retention Scheme Grant|893|-|893|18,820|-|18,820| ||893|-|893|18,820|-|18,820| eee -N- | | | | ## ALTERNATIVES WATFORD ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ## 4 Charitable activities | |||2022|2021| |---|---|---|---| |||£|£| ||Grants received|11,960|102,379| ||Analysis byfund||| ||Unrestricted funds|8,000|| ||Restricted funds|3,960|| |||11,960|| ||Forthe yearended 31 March 2021||| ||Unrestricted funds||86,379| ||Restricted funds||16,000| ||||102,379| ||Watford Borough Council|4,000|41,272| ||Charities Trust|1,960|-| ||Smith & Mount|-|4,750| ||National Lottery - Counselling Fund|-|10,000| ||Dacorum Borough Council|4,000|40,357| ||HertsCommunity Foundation|-|4,500| ||Othergrants|2,000|1,500| |||11,960|102,379| |5|Othertrading activities||| |||Unrestricted|Unrestricted| |||funds|funds| |||2022|2021| |||£|£| ||Fundraisingevents|1,423|3,797| -12- ## ALTERNATIVES WATFORD ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ## eee ## 6 Raising funds ||||Unrestricted|Unrestricted| |---|---|---|---|---| ||||funds|funds| ||||2022|2021| ||||£|£| ||Fundraising|and publicity||| ||Advertising||369|160| ||||369|160| |7|Charitable|activities||| ||2022|2021| |---|---|---| ||£|£| |Staffcosts|49,615|58,157| |Other staffcosts|10|64| |Counselling costs|13,885|-| |Premises costs|34,363|32,278| |Insurance costs|-|1,678| |Office costs
Computer costs|3,202
-|2,844
8,722| |General expenses|613|1,897| |Governance costs|1,573|1,453| ||103,261|107,093| ||103,261|107,093| |Analysis by fund||| |Unrestrictedfunds|92,469|99,688| |Restricted funds|10,792|7,405| ||103,261|107,093| |Forthe yearended 31 March 2021||| |Unrestricted funds|99,688|| |Restricted funds|7,405|| ||107,093|| Goverance costs comprise of independent examiner's fees of £1,573 (2021 - £1,453). eee -13- | | ## ALTERNATIVES WATFORD ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ## 8 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## 9 Employees ## Number of employees The average monthly number of employees during the year was: ||2022|2021| |---|---|---| ||Number|Number| |Direct charitable work|2|2| |Employment costs|2022|2021| ||£|£| |Wages and salaries|48,621|57,217| |Other pension costs|994|940| ||49,615|58,157| There were no employees whose annual remuneration was £60,000 or more. ## 10 Taxation The activities of the charity are exempt from Corporation Tax under Section 505 of the Income and Corporation Taxes Act 1988 to the extent that they are applied to the organisation's charitable objects. -14- ## ALTERNATIVES WATFORD ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 | ## 11 Fixed asset investments ||||Other| |---|---|---|---| ||||investments| |Cost or valuation|||| |At 1 April 2021 & 31 March 2022|||1| |Carrying amount|||| |At 31 March 2022|||4| |At 31 March 2021|||1| |||2022|2021| |Otherinvestments comprise:|Notes|£|£| |Investmentsinsubsidiaries||4|4| The charity holds 1 share of £1 each in its wholly owned trading subsidiary company, Alternatives Trading Limited, which is incorporated in the United Kingdom. These are the only shares allotted, called up and fully paid. ## 12 Debtors |12|Debtors||| |---|---|---|---| |||2022|2021| ||Amounts falling due within one year:|£|£| ||Other debtors|759|563| ||Prepayments and accrued income|7,790|483| |||8,549|1,046| |13|Creditors: amounts falling due within oneyear||| |||2022|2021| |||£|£| ||Othertaxation and social security|974|560| ||Other creditors|228|212| ||Accruals and deferred income|5,911|1,410| |||7,113|2,182| -15- x co} **----- Start of picture text -----**
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**=**| | | ## ALTERNATIVES WATFORD ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 |15|Analysis of net assets between funds|||| |---|---|---|---|---| |||Unrestricted|Restricted|Total| |||funds|funds|| |||£|£|£| ||Fund balances at 31 March 2022 are represented by:|||| ||Investments|1|-|1| ||Current assets/(liabilities)|97,469|9,188|106,657| |||97,470|9,188|106,658| |||Unrestricted|Restricted|Total| |||funds|funds|| |||£|£|£| ||Fund balances at 31 March 2021 are represented by:|||| ||investments|1|-|1| ||Current assets/(liabilities)|50,706|3,657|105,946| |||50,707|3,657|105,947| ## 16 Related party transactions Transactions with related parties During the year the charity entered into the following transactions with related parties: ||||Purchase ofgoods|and| |---|---|---|---|---| ||||services|| ||||2022|2021| ||||£|£| |Frank|Taylor&Associates|Limited|13,115|12,769| ||||13,115|12,769| The property from which the activities of the charitable company (and its subsidiary) are undertaken, is owned by Acton & Strevens Pension Fund via Rowanmoor. Frank Taylor & Associates holds the head lease & sub leases. Mr C Strevens, who is a director of the charitable company, is one of four directors of Frank Taylor & Associates Limited. The charitable company is paying an annual rent of £14,071 on the property. The open market rental value of this property is considered to be £22,000 per annum. As at 31 March 2022 Alternatives Trading Limited, which is a wholly owned subsidiary of Alternatives, owed the charity £759 (2021: £563). a -17-