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2023-03-31-accounts

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REGISTERED COMPANY NUMBER: 04754607 (England and Wales) REGISTERED CHARITY NUMBER: 1100266

REPORT OF THE TRUSTEES AND . UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BROCKWORTH LINK

Andorran Limited 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GL51 STX

BROGKWORTH LINK

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CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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Reference and Administratlve Detalls 1
Reportof theTrustees 2 to 4
Independent Examiner's Report 5
Statement of Financlal Activities 6
Statement of Financial Position 7
NotestotheFinancialStatements 8 to 14

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REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023

TRUSTEES Ms N J Walsh Chair Mr M P Nadin Vice-Chair Mrs V Rock Mr MS Couzens Mr A Casey Mis H R Prosser Miss M Constantinescu Mr A Goode (appointed 8.6.23) Mr J F Honey (appointed 8.6.23)

COMPANY SECRETARY Mr M P Nadin

REGISTERED OFFICE Brockworth Library Moorfield Road Brockworth Gloucester Gloucestershire GL3 4EX

REGISTERED COMPANY NUMBER

04754607 (England and Wales)

REGISTERED CHARITY 1100266 NUMBER

INDEPENDENT EXAMINER

Andorran Limited 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GL51 9TX

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BROGKWORTH LINK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARGH 2023

The trustees who are also directors of the charity for the purposes of the Cornpanies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. 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 Repubilc of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims The objectives for which Brockworth Link is established were updated in the change to the Articles of Association that was passed in August 2021. The charity is established to significantly contribute to the social and economic development of Brockworth by providing a community-based library and educatlon centre, advice and support services for disadvantaged members of the community and a positive meeting place and support centre for young people. Its objectives are:

The benefit area is primarily the civil parish of Brockworth, the wider county of Gloucestershire and surrounding areas,

Public benefit

In planning Brockworth Link's activities for the year the trustees kept in mind the Charity Commission's guidance on public benefit. The focus of the charity's activities during the year, which explains the delivery by the charity of public benefit, Is set out below under ‘Achievement and performance’ and above under ‘Objectives and activities’. ACHIEVEMENT AND PERFORMANCE Charitable activities , During this period of 2022-2023, normal library hours have been resumed and we have tried to continue to play a role in the community of Brockworth. We have been able to reinstate and grow our activities and developments that were previously in place before the pandemic. This has continued to be challenging for Brockworth Link as we had to firstly build on customers’ confidence to return to activities and secondly we had to try to recruit volunteers and/or staff to run varlous clubs and groups.

We endeavoured to maintain our position of forward-looking progress, and where possible, moved into areas of improvement. This has gathered momentum throughout the year and we have been able to move forward on several projects. We have maintained our financial stabllity, as well as enhancing the procurement of several grants which have enabled us to fulfil several projects. Our 4 core staff - Monica Constantinescu, our Genera! Manager, Anne Fuller, our Library Manager, Maria McIntosh, our Assistant Library Manager and Charlotte Mills, our Youth Manager - are responsible for the day to day administration and running of the charity.

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BROCKWORTH LINK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE- continued Charitable activities - continued

There are a number of highlights worth mentioning:

FINANCIAL REVIEW

Financial review

Brockworth Link recorded a deficit for the year of £39,275, however this Included £27k of costs against which the income was recorded in the previous year's financial statements. The trustees are comfortable with the performance for the year, as we have faced Increasingly high costs due to utilities, contractors and conforming with compliance requirements.

Investment policy and objectives Due to the relatively low level of funds available for investment, the trustees consider that bank deposits provide a satisfactory return to the charity, There were no surplus funds available during the year.

Reserves policy The Management Committee has examined the charity's requirements for reserves, in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be 6 months of the expenditure. Budgeted revenue expenditure for 2023-24 is in the order of £120,000. We estimate that we will receive grants, fees and charges and other sources of income to meet this.

The present level of unrestricted reserves available to the charity is £47,636. The Management Committee will continue to keep the budget under review throughout the year.

FUTURE PLANS

Brockworth Link trustees continued to work from the agreed 5-year business plan which was updated pre-COVID. We are constantly working to make that plan a reality. in August 2022, the business plan committee met to update and simplify the business plan, making it a more user friendly document. Significant housing development in Brockworth will bring both challenges and opportunities in the coming | years. | Securing long-term revenue funding remains a priority. | As ever, we face the future with confidence and ambition. , STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is constituted as a company limited by guarantee and therefore has no share capital. In the event of the company being wound up and the liabilities and winding up expenses being in excess of assets, the liability of each member is IImited to £1. The Project's governing document is its Memorandum and Articles of Association dated 19 May 2003 and updated August 2021 and April 2022.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees Details of officers and advisers are given on page 1 of this report. The power to appoint new trustees is vested In existing trustees.

Changes in trustees

Mr A Goode and Mr J F Honey were appointed as trustees in June 2023.

Organisational structure

In accordance with the Articles of Association, Brockworth Link is directed by an Executive Committee comprising a Chair, Vice Chair, Treasurer, Secretary, and such other Honorary Officers as the charity shall decide. The Executive Committee meets monthly.

Risk management

The trustees actively review the major risks which the charity faces on a regular basis and carry out reviews of the controls over key financial systems. The trustees have also considered other financial, operational and business risks faced by the charity, especially the ralsing of relevant funding and the maintenance of adequate reserves, and confirm that systems have been established to mitigate, as far as possible, any significant risks.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of Brockworth Link for the purposes of company law) are responsible for preparing the Report of the Trustees 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. in preparing those financial statements, the trustees are required ta

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 6 November 2023 and signed on its behalf by:

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Ms N J Walsh - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROCKWORTH LINK

Independent examiner's report to the trustees of Brockworth Link (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023. Responslbllitles 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 myseif 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, | 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 | have followed the 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 belleve:

  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

  3. 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)).

| 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.

Roger Downes FCA

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BROCKWORTH LINK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

31.3.23 31.3,.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOMEAND ENDOWMENTS FROM
Donations and legacles 2 2,001 36 2,037 15,550
Charitable activities 5
Charitable - 94,750 94,750 238,298
Other trading activities 3 8,997 771 9,768 7,370
Investment income 4 113 - 113 -
Total 11,711 95,557 106,668 261,218
EXPENDITUREON
Raising funds 6 5,761 - 5,761 2,921
Charitable activities 7
Charitable 16,752 423,430 140,182 100,588
Total 22,513 123,430 145,943 103,509
NET INCOME/(EXPENDITURE) (11,402) (27 873) (39,275) 157,709
RECONCILIATION OF FUNDS
Total funds brought forward 59,038 256,851 315,889 158,180
TOTALFUNDSCARRIEDFORWARD 47,636 228,978 276,614 315,889

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The notes form part of these financial statements Page 6

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BROCKWORTH LINK

STATEMENT OF FINANCIAL POSITION 31 MARCH 2023

31.3.23 31.3.22
Unrestricted
funds		 Restricted
funds		 Total
funds		 Total
funds
Notes £ £ £ £
FIXEDASSETS
Tangible assets 14 16,448 173,580 490,028 211,329
CURRENTASSETS
Debtors
Cash at bank and In hand		 15 357
33,591		 6,762
48,636		 7,119
82,227		 341
106,754
33,948 55,398 89,346 107,095
CREDITORS
Amounts falling duewithin oneyear		 16 (2,760) - (2,760) (2,535)
NETCURRENTASSETS 31,188 55,398 86,586 104,560
TOTAL ASSETS LESS CURRENT
LIABILITIES 47,636 228,978 276,614 315,889
NETASSETS 47,636 228,978 276,614 315,889
FUNDS
Unrestricted funds
Restricted funds		 18 47,636
228,978		 59,038
256,851
TOTALFUNDS 276,614 315,889

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 34 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 34 March 2023 In accordance with Section 476 of the Companies Act 2006.

These financlal statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companles regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 6 November 2023 and were signed on its behalf by:

Ms N J Walsh - Trustee

The notes form part of these financial statements

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  1. ACCOUNTING POLICIES

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BROCGKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Basis of preparing the financlal 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: Statament 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 402) (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.

Going concern

The charity relies on external funding to meet its day-to-day cash requirements and to fund its charitable activities. Whilst levels of available funding have been decreasing in recent years, the trustees are confident that their efforts to secure new funding sources are being rewarded, with several new income streams tn place for the next couple of years The trustees have considered the cash flow needs of the charity for a period of more than twelve months from the date of approval of these financial statements and conclude that, despite the uncertainties that exist, particularly with regard to the effects of the current coronavirus pandemic, the charity should be able to generate sufficient funding going forward In order to enable it to provide planned services for the foreseeable future. Consequently the trustees consider it appropriate to prepare these financial statements on the basis that the charity is a going concer. 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 recelved and the amount can be measured reliably. Grant income is recognised on recelpt unless there is a future obligation to deliver services against that income, in which case it is recognised when those services are delivered. All other income is recognised on receipt.

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.

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

Improvements to property - 10% on cost Computer equipment - 25% on cost

Taxation

The charity Is exempt from corporation tax on its charitable activities. It is not, however, exempt from VAT, and irrecoverable VAT is included in the cost of those items to which it relates.

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. Page 8 continued...

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

1, ACCOUNTING POLICIES - continued

Pension costs and other post-retlrement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES DONATIONS AND LEGACIES
31.3.23 31.3.22
£ £
Covid 19 Support Grants
Donations		 -
2,037		 14,000
1,550
2,037 15,550
3. OTHER TRADING ACTIVITIES
31.3.23 31.3.22
£ £
Course fees 2,705 1,582
Other income 7,063 5,788
9,768 7,370
4. INVESTMENT INCOME
31.3.23 31.3.22
£ £
Depositaccount interest 113 -
5. INCOME FROM CHARITABLE ACTIVITIES
31.3.23 31.3.22
Grants Activity
Charitable		 £
94,750		 Eg
238,298
Grants received, included in the above, are as follows: 31.3.23 31.3.22
E £
Brockworth Parish Council 32,377 14,303
Tewkesbury Borough Council
Gloucestershire County Council
Big Lottery Fund
Forest Voluntary Action Forum
Sports England
Barnwood Trust		 18,808
15,000
6,885
6,760
5,120
4,500		 129,449
28,964
-
-
-
-
National Benevolent Charity
Rotary Trust
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Hucclecote Parish Council		 4,500
500
300		 -
300
-
EnovertCommunity Trust
Severn TrentWater		 -
-		 39,654
16,864
Awards ForAll - 6,864
Arnold Clark - 1,000
Renishaw - 500
Coronavirus Job Retention Scheme grant - 403
94,750 238,298

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  1. RAISING FUNDS

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

Othertrading activities 31.3.23 31.3.22
£ £
Purchases 5,761 2,924
7. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 8) note 9) Totals
£ £ £
Charitable 136,831 3,351 140,182
8. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.23 31.3.22
£ £
Staffcosts 75,402 50,613
Rent, rates and utilities 5,819 5,336
Insurance 1,410 1,021
Telephone
Stationery, postage & supplies
Sundries
Contracted services		 2,395
379
2,481
9,675		 2,364
517
2,017
4,707
Maintenance & repairs
Bank charges
Equipmentpurchase & hire
IT & website		 4,319
210
564
322		 1,312
183
675
185
Youth activities 6,554 2,183
Depreciation 30,301 28,051
136,831 99,158
9. SUPPORT COSTS
Governance
casts
£
Charltabie 3,351
10. NETINCOME/(EXPENDITURE)

There are no excepiional items to report,

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  1. TRUSTEES’ REMUNERATION AND BENEFITS

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

During the year one of the trustees recelved remuneration of £31,459 (2021: £13,412),

Trustees’ expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

  1. STAFF COSTS

The average monthly number of employees during the year was as follows:

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|||||||| |---|---|---|---|---|---|---| |31.3.23|31.3.22| |Administration|staff|8|8| |No|employees|received|emoluments|In|excess|of £60,000.| |43.|COMPARATIVES|FOR THE STATEMENT|OF|FINANCIAL|ACTIVITIES| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |INCOME|AND|ENDOWMENTS|FROM| |Donations|and|legacies|15,550|-|15,550| |Charitable|activities| |Charitable|403|237,895|238,298| |Other trading|activities|7,370|-|7,370| |Total|23,323|237,895|261,218| |EXPENDITURE|ON| |Raising|funds|2,921|-|2,921| |Charitable|activities| |Charitable|49,188|51,400|100,588| |Total|52,109|51,400|103,509| |NET INCOMEKEXPENDITURE)|(28,786)|186,495|157,709| |Transfers|between|funds|(28,295)|28,295|-| |Net movement|In|funds|(57,081)|214,790|157,709| |RECONGILIATION|OF|FUNDS| |Total|funds|brought forward|116,119|42,061|158,180| |TOTAL|FUNDS|CARRIED FORWARD|59,038|256,851|315,889|

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14, TANGIBLE FIXED ASSETS

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

14, TANGIBLE FIXED ASSETS
Improvements
to Computer
property
£		 equipment
£		 Totals
g
COST
At1 April 2022
Additions
Reclassification		 230,504
-
25,612		 38,438
9,000
-		 268,942
9,000
25,612
At 31 March 2023 256,116 47,438 303,554
DEPRECIATION
At 1 April 2022 24,051 33,562 57,613
Charge foryear 25,614 4,690 30,301
Reclassification/transfer 25,612 - 25,612
At 31 March 2023 75,274 38,252 113,526
NET BOOK VALUE
At 31 March 2023 180,842 9,186 190,028
At 31 March 2022 206,453 4,876 211,329
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3,22
£ £
Income due 6,762 -
Prepayments 357 341
7,119 341
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3,.22
g £
Trade creditors 310 317
Social security and othertaxes 992 933
Other creditors 308 235
Accrued expenses 4,150 1,050
2,760 2,535

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17. SECURED DEBTS

Tewkesbury Borough Council has a legal! charge over the leasehold property that the charity occupies for its activities.

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  1. MOVEMENT IN FUNDS

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£ £ £
Unrestricted funds
General fund 59,038 (11,402) 47,636
Restricted funds
Youth Services 6,864 4,898 41,762
Capital Equipment
Library Services
ITClasses		 209,776
38,961
1,250		 (15,284)
(17,487)
“		 194,492
21,474
4,250
256,851 (27,873) 228,978
TOTALFUNDS 315,889 (39,275) 276,614
Net movement in funds, included In the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds ;
General fund 11,114 (22,513) (11,402)
Restricted funds
Youth Services 41,333 (36,435) 4,898
Capital Equipment
Library Services		 9,000
45,224		 (24,284)
(62,711)		 (15,284)
(17,487)
95,557 (423,430) (27,873)
TOTAL FUNDS 106,668 (145,943) (39,275)
Comparatives formovemont In funds
At 1.4.21 Net
movement
in funds		 Transfers
between
funds		 At
313.22
£ £ £ £
Unrestricted funds
General fund 116,119 (28,786) (28,295) 59,038
Restricted funds
Youth Services
Capital Equipment
Library Services
IT Classes		 2,462
37,548
2,051
-		 4,402
143,933
36,910
1,250		 -
28,295
-
-		 6,864
209,776
38,961
1,250
42,061 186,495 28,295 256,851
TOTALFUNDS 158,180 157,709 - 315,889

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

18. MOVEMENT IN FUNDS- continued

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 23,323 (52,109) (28,786)
Restricted funds
Youth Services 19,167 (14,765) 4,402
Capital Equipment
Library Services
IT Classes		 465,967
51,261
1,500		 (22,034)
(14,351)
(250)		 143,933
36,910
1,250
237,895 (51,400) 186,495
TOTALFUNDS 261,218 (103,509) 157,709

Details of Restricted Funds

Youth Services - Funding for staff costs and expenses for Brockworth Youth Club (known as B-Epic ‘and run under the umbrella of Brockworth Link), other youth actlvities and offsite events. Capital Equipment - Funding for library improvements and IT equipment. Assets purchased with this funding are either capitalised as fixed assets and the subsequent depreciation charged against this fund or charged direct against the fund where the expenditure Is not capitalised:

Library Services - Funding for operational costs to provide local community library services, including an IT suite for public use, and for extended library opening hours.

IT Classes - Funding to provide IT classes for the residents of Brockworth within the charity's premises.

19. CONTINGENT LIABILITIES

Various funders retain the right to claw back grants should the use of the funds not be in accordance with the terms of the grant. [n the opinion of the trustees no such liability exists at the year-end.

  1. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

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