2022-01-31-accounts

							Page
Reference and administrative			details	ofthe Charity,	its Trustees	and advisers	1-2
Trustees' report							3-16
Independent	auditors'	report	on the	financial statements			17-20
Consolidated	statement	offinancial		activities			21
Consolidated	balance sheet						22-23
Charity balance sheet							24-25
Consolidated	statement	ofcash flows					26
Notes to the	financial statements						27-51

								Total
				Unrestricted	Restricted	Endowment	Total	funds
				funds	funds	funds	funds	As restated
			Note	2022f	2022f	2022f	2022f	2021 F
Income and
endowments		from:
Donations and		legacies		2,213	2,000		4,213	16,040
Charitable activities				1,863,679			1,863,679	1,803,458
Other trading	activities			18,710			18,710	10,069
Investments				4,241			4,241	4,216
Other income				41,667			41,667	164,814
Total Income		and
endowments				1,930,510	2,000		1,932,510	1,998,597
Expenditure	on:
Raising funds				131,880			131,880	52,698
Charitable activities				1,715,982	17,063		1,733,045	1,884,164
Total expenditure				1,847,862	17,063		1,864,925	1,936,862
Net
income/(expenditure)
before net gains on
Investments				82,648	(15,063)		67,585	61,735
Net gains on
investments				7,127			7,127	29,236
Net
Income/(expenditure)				89,775	(15,063)		74,712	90,971
Net movement		ln
funds				89,775	(15,063)		74,712	90,971
Reconciliation		of
funds:
Total funds brought
forward				2,294,676	105,530	198,064	2,598,270	2,507,299
Net movement		in funds		89,775	(15,063)		74,712	90,971
Total funds carried
forward				2,384,451	90,467	198,064	2,672,982	2,598,270

								As restated
				Note		2022f		2021 E
Fixed assets
Tangible assets				14		2,547,134		2,655,289
Investments				15		272,197		263,516
						2,819,331		2,918,805
Current assets
Debtors				16	219,071		249,876
Cash at bank and	in	hand			507,937		508,247
					727,008		758,123
Creditors: amounts		falling	due within one
year				17	(163,330)		(166,575)
Net current assets						563,678		591,548
Total assets less	current		liabilities			3,383,009		3,510,353
Creditors: amounts		falling	due after more
than one year				18		(710,017)		(912,073)
Net assets						2,672,992		2,598,280
Total net assets						2,672,992		2,598,280
Charity funds
Endowment funds				19		198,064		198,064
Restricted funds:
Restricted funds				19	90,467		105,530
Total restricted funds				19		90,467		105,530
Unrestricted funds				19		2,384,461		2,294,686
Total funds						2,672,992		2,598,280

									As restated
					Note		2022		2021f
Fixed assets
Tangible assets					14		2,546,922		2,655,289
Investments					15		272,197		263,516
							2,819,119		2,918,805
Current assets
Debtors					16	343,023		288,805
Cash at bank and	in	hand				398,468		483,119
						741,491		771,924
Creditors; amounts		falling		due within one
year					17	(160,142)		(165,007)
Net current assets							581,349		606,917
Total assets less	current			liabilities			3,400,468		3,525,722
Creditors: amounts		falling		due after more
than one year					18		(710,017)		(912,073)
Net assets excluding			pension asset				2,690,451		2,613,649
Total net assets							2,690,451		2,613,649
Charity funds
Endowment funds					19		198,064		198,064
Restricted funds:
Restricted funds					19	90,467		105,530
Total restricted funds					19		90,467		105,530
Unrestricted funds					19		2,401,920		2,310,055
Total funds							2,690,451		2,613,649

							As restated
						2022 f	2021 F
Cash flows from operating		activities
Net cash used in operating	activities					193,100	221,000
Cash flows from Investing		activities
Proceeds from the sale oftangible fixed			assets			6,000
Purchase oftangible fixed assets						(10,193)	(20,987)
Net cash used In investing		activities				(4,193)	(20,987)
Cash flows from financing		activities
Repayments of borrowing						(150,060)	(1,600)
Repayments of bank loans						(39,157)	(18,722)
Increase of borrowings							151,600
Net cash (used In)/provided		by financing		activities		(189,217)	131,278
Change In cash and cash		equivalents	In	the year		(310)	331,291
Cash and cash equivalents		at the beginning		ofthe year		508,247	176,956
Cash and cash equivalents		at the end of		the year		507,937	508,247
The notes on pages 27 to 51 form part ofthese financial					statements

				Unrestricted	Restricted	Total
				funds	funds	funds
				2022	2022	2022
				6	F	F
	Donations			2,213		2,213
	Grants				2,000	2,000
				2,213	2,000	4,213
				Unrestricted	Restricted	Total
				funds	funds	funds
				2021	2021 F	2021f
	Donations			5,040		5,040
	Grants				11,000	11,000
				5,040	11,000	16,040
5.	Income from charitable	activities
					Unrestricted	Total
					funds	funds
					2022	2022
					6	6
	Income from charitable	activities - Charitable	activities		1,863,679	1,863,679
					Unrestricted	Total
					funds	funds
					As restated	As restated
					2021 6	2021f
	Income from charitable	activities - Charitable	activities		1,803,458	1,803,458

			Unrestricted	Total
			funds	funds
			2022	2022
			6	6
	Sponsorships		18,710	18,710
			Unrestricted	Total
			funds	funds
			2021f	2021f
	Sponsorships		10,069	10,069
7.	Investment	Income
			Unrestricted	Total
			funds	funds
			2022f	2022 6
	Investment	income	4,193	4,193
	Interest income		48	48
	Total 2022		4,241	4,241
			Unrestricted	Total
			funds	funds
			2021f	2021
	Investment	income	4,140	4,140
	Interest income		76	76
	Total 2021		4,216	4,216

		Unrestricted	Total
		funds	funds
		2022f	2022f
Gains/(Losses)on	sale offixed assets	(13,091)	(13,091)
Other income		54,758	54,758
Total 2022		41,667	41,667

		Unrestricted	Total
		funds	funds
		As restated	As restated
		2021	2021
		F	F
Other income		163,908	163,908
Government	Grant Income	906	906
Total 2021		164,814	164,814

		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022	2022
		6	6
Charitable	activities	1,715,982	17,063	1,733,045

Unrestricted	Restricted	Endowment	Total
funds	funds	funds	funds
2021	2021	2021	2021
6	6	6	6
1,867,866	8,634	7,664	1,884,164

		Activities
		undertaken	Support	Total
		directly	costs	funds
		2022f	2022f	2022f
Charitable	activities	1,623,433	109,612	1,733,045
		Activities
		undertaken	Support	Total
		directly	costs	funds
		2021f	2021f	2021 F
Charitable	activities	1,721,482	162,682	1,884,164
Analysis	ofdirect costs

			Charitable	Total
			activities	funds
			2022f	2022 F
Staff costs			1,304,171	1,304,171
Depreciation			99,205	99,205
WCH Garden	proJect and members	activities	17,063	17,063
Minibus &travel expenses			212	212
Rent			50,000	50,000
Rates and water			18,943	18,943
Light and heat			39,870	39,870
Repairs			61,882	61,882
Activities centre consumables			4,212	4,212
Medical supplies			2,745	2,745
Housekeeping			2,431	2,431
Cleaning &waste			2,184	2,184
Food costs			932	932
Gardening			936	936
Mortgage interest			18,647	18,647
Tots I2022			1,623,433	1,623,433

Analysis ofdirect c	osts (continue	d)
			Charitable	Total
			activities	funds
			2021f	2021f
Staff costs			1,414,071	1,414,071
Depreciation			98,525	98,525
WCH Garden pro)ect and members		activities	8,634	8,634
Minibus &travel expenses			245	245
Rent			50,995	50,995
Rates and water			20,337	20,337
Light and heat			54,006	54,006
Repairs			40,252	40,252
Activities centre consumables			3,867	3,867
Medical supplies			4,859	4,859
Housekeeping			1,988	1,988
Cleaning &waste			2,754	2,754
Food costs			1,040	1,040
Gardening			68	68
Mortgage interest			19,841	19,841
Total 2021			1,721,482	1,721,482
Analysis ofsupport	costs
			Charitable	Total
			activities	funds
			2022f	2022 6
Recruitment			5,480	5,480
Contingencies			5,121	5,121
Motor and travel			14,847	14,847
Insurance			20,321	20,321
Telephone			12,584	12,584
Marketing and training			19,242	19,242
Postage and stationery			4,193	4,193
Sundries &subscriptions			8,011	8,011
Bank & investment	charges		3,729	3,729
Legal and accountancy			16,083	16,083
Total 2022			109,611	109,611

			Charitable	Total
			activities	funds
			2021	2021
			6	6
Recruitment			24,813	24,813
Contingencies			25,605	25,605
Motor and	travel		15,501	15,501
Insurance			16,292	16,292
Telephone			12,173	12,173
Marketing	and training		18,447	18,447
Bad debts			9,930	9,930
Postage and stationery			4,682	4,682
Sundries	&subscriptions		20,947	20,947
Bank & investment		charges	1,195	1,195
Legal and	accountancy		13,096	13,096
Total2021			162,681	162,681

				Group	Group	Charity	Charity
				2022 6	2021	2022f	2021f
Wages and	salaries			1,281,127	1,332,577	1,205,398	1,300,073
Social security costs				83,638	94,990	76,820	91,392
Contribution	to defined	contribution	pension
schemes				21,954	22,606	21,954	22,606
				1,386,719	1,450,173	1,304,172	1,414,071

				Group	Group	Charity	Charity
				2022	2021	2022	2021
				No.	No.	No.	No.
Care	and	admin	staff	71	79	65	77

		Long-term
	Freehold	leasehold	Motor	Fixtures and
	property F	property f	vehicles F	iittings f	Totalf
Cost or valuation
At 1 February 2021	3,503,978	460,815	129,771	220,371	4,314,935
Additions				10,193	10,193
Disposals			(66,637)		(66,637)
At 31 January 2022	3,503,978	460,815	63,134	230,564	4,258,491
Depreciation
At 1 February 2021	964,537	420,833	105,429	168,846	1,659,645
Charge for the year	62,506	17,770	852	15,130	96,258
On disposals			(44,546)		(44,546)
At 31 January 2022	1,027,043	438,603	61,735	183,976	1,711,357

		Long-term
	Freehold	leasehold	Motor	Fixtures and
	propertyf	propertyf	vehicles 6	fittings 2	Total 6
Net book value
At 31 January 2022	2,476,935	22,212	1,399	46,588	2,547,134
At 31 January 2021	2,539,440	39,982	24,342	51,525	2,655,289

		Long-term
	Freehold	leasehold	Motor	Fixtures and
	property	property	vehicles	fittings	Total
	F	F	F	F	F
Cost or valuation
At 1 February 2021	3,503,978	460,815	129,771	220,371	4,314,935
Additions				9,929	9,929
Disposals			(66,637)		(66,637)
At 31 January 2022	3,503,978	460,815	63,134	230,300	4,258,227
Depreciation
At 1 February 2021	964,537	420,833	105,429	168,846	1,659,645
Charge for the year	62,506	17,770	852	15,077	96,205
On disposals			(44,546)		(44,546)
At 31 January 2022	1,027,043	438,603	61,735	183,923	1,711,304
Net book value
At 31 January 2022	2,476,935	22,212	1,399	46,377	2,546,923
At 31 January 2021	2,539,440	39,982	24,342	51,525	2,655,289

	Investments		Unlisted
	in subsidiary	Listed	investments	Cash (As
Charity	companies 6	investments 5	(As restated)	restated) f	Total 6
Cost or valuation
At 1 February 2021	10	3,607	233,757	26,134	263,508
Additions			49,092	(7,251)	41,841
Disposals			(40,279)		(40,279)
Revaluations			7,128		7,128
At 31 January 2022	10	3,607	249,697	18,883	272,197
Net book value
At 31 January 2022	10	3,607	249,697	18,883	272,197
At 31 January 2021	10	3,607	233,757	26,134	263,508

				Group	Group	Charity	Charity
					As restated		As restated
				2022 6	2021 f	2022 6	2021 F
Due within one year
Trade debtors				123,455	104,489	117,761	102,453
Amounts owed		by group undertakings				129,987	54,920
Other debtors				341
Prepayments	and accrued income			95,275	145,387	95,275	131,432
				219,071	249,876	343,023	288,805
Creditors: Amounts			falling due within one year
				Group	Group	Charity	Charity
					As restated		As restated
				2022	2021	2022	2021
				E		E	6
Bankloans				48,004	28,855	48,004	28,855
Other loans				1,540	7,850	1,540	7,850
Trade creditors				1,544	8,754		7,210
Amounts owed		to group undertakings			(1)
Other taxation		and social security		38,278	30,801	38,278	30,801
Other creditors				29,040	42,087	28,959	42,076
Accruals and	deferred		income	44,924	48,229	43,361	48,215
				163,330	166,575	160,142	165,007

	Group	Group	Charity	Chadty
	2022	2021	2022 6	2021f
Bankloans	710,017	768,323	710,017	768,323
Other loans		143,750		143,750
	710,017	912,073	710,017	912,073

Group	Group	Charity	Charity
2022 6	2021f	2022f	2021

					Group	Group	Charity	Charity
					2022	2021	2022	2021
					F		6	F
Payable	or	repayable	by	instalments	759,621	947,171	759,621	947,171
					759,621	947,171	759,621	947,171

			As restated
			Balance at 1					Balance at
			February				Gains/	31 January
			2021 6	Income f	Expenditure	f	(Losses) f	2022 6
Unrestricted funds
General Funds - all funds			1,994,686	1,930,510	(1,847,862)		7,127	2,084,461
Designated future	running
costs			300,000					300,000
			2,294,686	1,930,510	(1,847,862)		7,127	2,384,461
Endowment funds
Endowment Funds -		all funds	198,064					198,064
Restricted funds
Waker Apartments
Conservatory			3,313					3,313
Well Close House
Refurbishment			37,592					37,592
Grants for Associated		Projects	9,838					9,838
Hlghbank			12,658					12,658
Phoenix Centre			8,355					8,355
Mini Bus			31,304					31,304
Social Enterprise	Project		2,366					2,366
Well Close House	Garden
Project			104		(17,063)			(16,959)
Other Restricted				2,000				2,000
			105,530	2,000	(17,063)			90,467
Total offunds			2,598,280	1,932,510	(1,864,925)		7,127	2,672,992

Statement offun	ds	- prior year
			As restated
			Balance at					Balance at
			1 February				Gains/	31 January
			2020	Income 5	Expenditure	f	(Losses) 5	2021 f
Unrestricted funds
General Funds - all funds			1,898,399	1,987,597	(1,920,546)		29,236	1,994,686
Designated future	running
costs			300,000					300,000
			2,198,399	1,987,597	(1,920,546)		29,236	2,294,686
Endowment funds
Endowment Funds -		all funds	205,728		(7,664)			198,064
Restricted funds
Waker Apartments
Conservatory			3,313					3,313
Well Close House
Refurbishment			37,592					37,592
Grants for Associated		Projects	9,838					9,838
Highbank			12,658					12,658
Phoenix Centre			8,355					8,355
Mini Bus			31,304					31,304
Social Enterprise	Project			11,000	(8,634)			2,366
Well Close House	Garden
Project			104					104
			103,164	11,000	(8,634)			105,530
Total of funds			2,507,291	1,998,597	(1,936,844)		29,236	2,598,280

						Group	Group
						2022 6	2021f
Cash	in hand					507,937	508,247
Total	cash and	cash		equivalents		507,937	508,247
Analysis ofchanges				ln net debt
					As restated
					At 1		At 31
					February		January
					2021 f	Cash flows 6	2022f
Cash	at bank and		in hand		508,247	(310)	507,937
Debt	due within	1	year		(36,705)	(12,839)	(49,544)
Debt	due after 1 year				(912,073)	202,056	(710,017)
					(440,531)	188,907	(251,624)

The following	were	subsidiary	undertakings oft	he Charity:
Names			Company	Registered office or	principal	Principal	activity
			number	place of business
The Portland,	Cheltenham		04210178	Well Close House, Lansdown		Social enterprise
Limited				Parade, Cheltenham,	Glos GL50
				2LH
Well Close House		Limited	04210164	Well Close House, Lansdown		Company	dissolved	7
				Parade, Cheltenham,	Glos GL50	May 2019
				2LH

The financial r	esults ofthe	subsidiaries f	or the year were:
Names			Incomef	Expendituref	Profit/(Loss)/ Surplus/ (Deficit) for	Net assets/ (liabilities)f
					the year
					F
The Portland,	Cheltenham	I Imited	128,017	(130,105)	2,088	(17,458)