## **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: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination. 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** - 1 **Accounting policies** ## **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
16**Creditors:**
amounts falling due after more than one year
Bank loans and overdrafts
Obligations under finance lease and hire
purchase contracts
17**Movement 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** |19**Reconciliation of net debt**||||||| |---|---|---|---|---|---|---| |Cash and cash equivalents
Bank loans
Obligations under HP/Finance leases
Net debt
20**Related 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