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2022-12-31-accounts

Jacobs Well Care Centre

Charity No. 1104075

Trustees' Report and Unaudited Accounts

31 December 2022

Jacobs Well Care Centre Contents

Pages
Trustees' Annual Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7
Detailed Statement of Financial Activities 15 to 16

Page 1

Jacobs Well Care Centre Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1104075

Principal Office

Unit 4 Toronto Place

Gosport PO12 4UZ

Trustees

The following trustees served during the year:

J.D. Molyneaux A. Pottinger

L.L. Pottinger S. Pottinger

Accountants

Johnson Accounting Solutions Limited BG-07 Langstone Gate Solent Road Havant PO9 1TR

OBJECTIVES AND ACTIVITIES

The charity exists to advance the Christian faith and to help relieve poverty in Hampshire and other parts of the world.

We work with other agencies and charities on a daily basis from our single location in Toronto Place, Gosport. There we provide a storage facility, a second-hand furniture, a school uniform project and Bric-a-Brac shop, and provide home delivery and collection of furniture.

We also collect food from 8 different locations a week and distribute this free from our site to approximately 600 families.

We have expanded our social media presence to inform people what is happening on site (when food is available etc) and to market our furniture/Bric-a-Brac.

The charity is established for the public benefit as outlined in Charity Commission guidance.

ACHIEVEMENTS AND PERFORMANCE

The charity provides free food on a daily basis for anyone that visits.

We also provide free clothing, furniture, kitchen and bedding packs when necessary to those in need.

Normal retail sales through the shop and our storage facilities provide the majority of our income

Page 2

Jacobs Well Care Centre Trustees Annual Report

FINANCIAL REVIEW

2022 saw the charity maintain its performance and once more have a trading surplus. A surplus of £42,098 was achieved for the year.

We have reorganized the space within the building to provide a large food storage area from where we have increased the food we supply to those in need. We continue to work with local agencies and Gosport Borough Council in this regard.

Since February 2022 we have taken 100 tonnes of aid to Ukraine via our partners in Rumania.

Reserves at 31st December 2022 were £102,551 (2021: £60,453).

PLANS FOR FUTURE PERIODS

We are planning to open a ‘warm room’ and coffee shop to support our elderly and vulnerable customers.

Since September 2022 we have been in discussion with the Landlord to enable us to purchase the present site. These are ongoing but positive. Our current lease runs out in May 2024.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity was created as an unincorporated charity by a Trust in 2004.

New trustees are elected by the existing Trustees of which there must be a minimum of 2.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

S. Pottinger Trustee 24 October 2023

Page 3

Jacobs Well Care Centre Independent Examiners Report

Independent Examiner's Report to the trustees of Jacobs Well Care Centre

I report to the trustees on my examination of the financial statements of Jacobs Well Care Centre for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of FCCA.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:

I 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.

Michele Johnson FCCA Johnson Accounting Solutions Limited BG-07 Langstone Gate Solent Road Havant

PO9 1TR 24 October 2023

Page 4

Jacobs Well Care Centre Statement of Financial Activities

for the year ended 31 December 2022

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Investments
5
Other
6
Total
Expenditure on:
Charitable activities
7
Other
8
Total
Net gains on investments
Net income
9
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
£
14,012
273,371
7
29,070		 Total funds
2022
£
14,012
273,371
7
29,070		 Total funds
2021
£
11,359
164,360
2
68,399
316,460
269,300
5,062		 316,460
269,300
5,062		 244,120
226,231
6,368
274,362
-		 274,362
-		 232,599
-
42,098
-		 42,098
-		 11,521
-
42,098 42,098 11,521
42,098
60,453		 42,098
60,453		 11,521
48,932
102,551 102,551 60,453

Page 5

Jacobs Well Care Centre Balance Sheet

at 31 December 2022

Charity No. 1104075
Fixed assets
Tangible assets
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors:Amount falling due within one year
15
Net current assets
Total assets less current liabilities
Creditors:Amounts falling due after more than one year
16
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Unrestricted funds
General funds
17
Reserves
17
Total funds		 2022
£
956
956
5,000
1,678
142,220
148,898
(17,912)
130,986
131,942
(29,391)
102,551
102,551
102,551
102,551
102,551		 2021
£
4,250
4,250
5,000
5,162
111,237
121,399
(22,486)
98,913
103,163
(42,710)
60,453
60,453
60,453
60,453
60,453

Approved by the trustees on 24 October 2023

And signed on their behalf by:

S. Pottinger Trustee 24 October 2023

Page 6

Jacobs Well Care Centre Notes to the Accounts

for the year ended 31 December 2022

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Jacobs Well Care Centre Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant & Machinery 25% Straight Line Motor Vehicles 25% Straight Line Office Equipment 15% Straight Line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 8

Jacobs Well Care Centre Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

Jacobs Well Care Centre

Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
4
Income from charitable activities		 Unrestricted
£
14,012
14,012
Unrestricted
£
273,371
273,371		 Unrestricted
funds
2021
£
11,359
164,360
2
68,399
244,120
226,231
6,368
232,599
11,521
11,521
11,521
48,932
60,453
Total
2022
£
14,012
14,012
Total
2022
£
273,371
273,371		 Total funds
2021
£
11,359
164,360
2
68,399
244,120
226,231
6,368
232,599
11,521
11,521
11,521
48,932
60,453
Total
2021
£
11,359
11,359
Total
2021
£
164,360
164,360

Page 10

Jacobs Well Care Centre

Notes to the Accounts

5 Income from investments

6
Other income
Insurance Claim
Grants
Furlough Support
Other Income
7
Expenditure on charitable activities
Expenditure on charitable
activities
Governance costs
8
Other expenditure
Bank loan and overdraft
interest payable
Other interest payable
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
9
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets		 Unrestricted
£
7
7
Unrestricted
£
-
29,000
-
70
29,070
Unrestricted
£
256,431
12,869
269,300
Unrestricted
£
-
1,643
3,419
5,062
2022
£
3,419		 Total
2022
£
7
7
Total
2022
£
-
29,000
-
70
29,070
Total
2022
£
256,431
12,869
269,300
Total
2022
£
-
1,643
3,419
5,062		 Total
2021
£
2
2
Total
2021
£
24,610
25,431
18,120
238
68,399
Total
2021
£
215,995
10,236
226,231
Total
2021
£
364
883
5,121
6,368
2021
£
5,121

Page 11

Jacobs Well Care Centre

Notes to the Accounts

10 Trustee remuneration and expenses

One or more of the trustees has been paid remuneration in the current or prior periods.

Other
Trustee Remuneration Pension benefits
A. Pottinger 13,412 - -
L.L. Pottinger 35,612 1,025 -
S. Pottinger 14,950 - -

11 Staff costs

No employee received emoluments in excess of £60,000.

12 Tangible fixed assets

Cost or revaluation
At 1 January 2022
Additions
At 31 December 2022
Depreciation and
impairment
At 1 January 2022
Depreciation charge for the
year
At 31 December 2022
Net book values
At 31 December 2022
At 31 December 2021
13 Stocks
Raw materials and consumables
Carrying value analysed by activities
Charitable Activities
14 Debtors
Trade debtors
VAT recoverable		 Plant &
Machinery
£
3,058
125
3,183
2,524
280
2,804
379
534		 Motor
Vehicles
£
22,120
-
22,120
19,313
2,807
22,120
-
2,807
2022
£
5,000
5,000		 Office
Equipment
£
5,713
-
5,713
4,804
332
5,136
577
909		 Total
£
30,891
125
31,016

26,641
3,419
30,060

956
4,250

2021
£
5,000
5,000

2022
£
5,000
5,000
2021
£
5,000
5,000

2022
£
390
1,288
1,678
2021
£
3,544
1,618
5,162

Page 12

Jacobs Well Care Centre Notes to the Accounts

15 Creditors:

amounts falling due within one year

Bank loans and overdrafts
Obligations under finance lease and hire
purchase contracts
Trade creditors
Corporation tax
Other taxes and social security
Other creditors
Accruals
16Creditors:
amounts falling due after more than one year
Bank loans and overdrafts
Obligations under finance lease and hire
purchase contracts
17Movement in funds
Restricted funds:
Unrestricted funds:
General funds
18
Total funds
Analysis of net assets between funds
Fixed assets
Net current assets
Creditors due in more than one year and
provisions
At 1 January
2022
60,453
60,453		 2022
£
10,000
3,260
510
238
3,391
1
512
17,912
2022
£
27,500
1,891
29,391
Incoming
resources
(including
other
gains/losses
)
£
316,460
316,460		 Resources
expended
£
(274,362)
(274,362)
Unrestricted
funds
£
956
130,986
(29,391)
102,551		 2021
£
10,000
2,884
2,516
-
4,887
1,687
512
22,486
2021
£
37,557
5,153
42,710
At 31
December
2022
£
102,551
102,551
Total
£
956
130,986
(29,391)

102,551

Page 13

Jacobs Well Care Centre Notes to the Accounts

19 Reconciliation of net debt

19Reconciliation of net debt
Cash and cash equivalents
Bank loans
Obligations under HP/Finance leases
Net debt
20Related party disclosures
Transactions with related parties
Name of related party
Cherish Star Pottinger
Description of relationship
between the parties
Description of transaction
and general amounts
involved
Daughter of Ms L Pottinger
Salary
Amount due from/(to) the related party		 At 1 January
2022
£
111,237
111,237
(47,557)
(8,037)
(55,594)
55,643		 Cash flows
£
30,983
30,983
10,057
2,886
12,943
43,926
2022
£
7,602		 At 31
December
2022
£
142,220
142,220
(37,500)
(5,151)
(42,651)
99,569
2021
£
5,761

Page 14

Jacobs Well Care Centre Detailed Statement of Financial Activities

for the year ended 31 December 2022

Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other
Insurance Claim
Grants
Furlough Support
Other Income
Total income and endowments
Expenditure on:
Charitable activities
Governance costs
Total of expenditure on charitable
activities
Other expenditure
Bank loan and overdraft interest
payable
Other interest payable
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant &
Machinery
Depreciation of Motor Vehicles
Depreciation of Office
Equipment		 280
2,807
332
Unrestricted
funds
2022
£
14,012
14,012
273,371
273,371
7
7
-
29,000
-
70
29,070
316,460
256,431
256,431
12,869
12,869
269,300
-
1,643
1,643		 280
2,807
332
Total funds
2022
£
14,012
14,012
273,371
273,371
7
7
-
29,000
-
70
29,070
316,460
256,431
256,431
12,869
12,869
269,300
-
1,643
1,643		 Total funds
2021
£
11,359
11,359
164,360
164,360
2
2
24,610
25,431
18,120
238
68,399
244,120
215,995
215,995
10,236
10,236
226,231
364
883
1,247
249
4,712
160

Page 15

Jacobs Well Care Centre Detailed Statement of Financial Activities

Jacobs Well Care Centre
Detailed Statement of Financial Activities
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 3,419
5,062
274,362
-
42,098
60,453
102,551
42,098
42,098
-		 3,419
5,062
274,362
-
42,098
60,453
102,551
42,098
42,098
-		 5,121
6,368
232,599
-
11,521
11,521
-
11,521
48,932
60,453

Page 16