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||||||||Page|
|---|---|---|---|---|---|---|---|
|Reference and administrative|||details|ofthe Charity,|its Trustees|and advisers|1-2|
|Trustees'<br>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|





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|||||||||Total|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|funds|
|||||funds|funds|funds|funds|As restated|
||||Note|2022f|2022f|2022f|2022f|2021<br>F|
|Income and|||||||||
|endowments||from:|||||||
|Donations<br>and||legacies||2,213|2,000||4,213|16,040|
|Charitable<br>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<br>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<br>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<br>funds||||19||198,064||198,064|
|Restricted<br>funds:|||||||||
|Restricted funds||||19|90,467||105,530||
|Total restricted<br>funds||||19||90,467||105,530|
|Unrestricted<br>funds||||19||2,384,461||2,294,686|
|Total funds||||||2,672,992||2,598,280|





## 

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## 

||||||||||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<br>funds|||||19||198,064||198,064|
|Restricted<br>funds:||||||||||
|Restricted funds|||||19|90,467||105,530||
|Total restricted<br>funds|||||19||90,467||105,530|
|Unrestricted<br>funds|||||19||2,401,920||2,310,055|
|Total funds|||||||2,690,451||2,613,649|





## 

## 



## 

||||||||As restated|
|---|---|---|---|---|---|---|---|
|||||||2022<br>f|2021<br>F|
|Cash flows from operating||activities||||||
|Net cash used<br>in operating|activities|||||193,100|221,000|
|Cash flows from Investing||activities||||||
|Proceeds from the sale oftangible<br>fixed|||assets|||6,000||
|Purchase oftangible<br>fixed assets||||||(10,193)|(20,987)|
|Net cash used<br>In investing||activities||||(4,193)|(20,987)|
|Cash flows from financing||activities||||||
|Repayments<br>of borrowing||||||(150,060)|(1,600)|
|Repayments<br>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<br>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|||





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|||||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<br>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<br>6|2021f|
||Income from charitable|activities - Charitable|activities||1,803,458|1,803,458|





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## 

||||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<br>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<br>F|
|Charitable|activities|1,721,482|162,682|1,884,164|
|Analysis|ofdirect costs||||



||||Charitable|Total|
|---|---|---|---|---|
||||activities|funds|
||||2022f|2022<br>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<br>&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<br>&waste|||2,184|2,184|
|Food costs|||932|932|
|Gardening|||936|936|
|Mortgage<br>interest|||18,647|18,647|
|Tots I2022|||1,623,433|1,623,433|





## 

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## 

|Analysis<br>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<br>pro)ect and members||activities|8,634|8,634|
|Minibus<br>&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<br>&waste|||2,754|2,754|
|Food costs|||1,040|1,040|
|Gardening|||68|68|
|Mortgage<br>interest|||19,841|19,841|
|Total 2021|||1,721,482|1,721,482|
|Analysis<br>ofsupport|costs||||
||||Charitable|Total|
||||activities|funds|
||||2022f|2022<br>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<br>and training|||19,242|19,242|
|Postage and stationery|||4,193|4,193|
|Sundries<br>&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<br>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<br>F|property<br>f|vehicles<br>F|iittings<br>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<br>6|fittings<br>2|Total<br>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|





## 

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## 

## 

||Investments||Unlisted|||
|---|---|---|---|---|---|
||in subsidiary|Listed|investments|Cash (As||
|Charity|companies<br>6|investments<br>5|(As restated)|restated)<br>f|Total<br>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<br>6|2021<br>f|2022<br>6|2021<br>F|
|Due within<br>one year||||||||
|Trade debtors||||123,455|104,489|117,761|102,453|
|Amounts<br>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<br>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<br>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<br>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<br>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<br>6|Income<br>f|Expenditure|f|(Losses)<br>f|2022<br>6|
|Unrestricted<br>funds|||||||||
|General<br>Funds - all funds|||1,994,686|1,930,510|(1,847,862)||7,127|2,084,461|
|Designated<br>future|running||||||||
|costs|||300,000|||||300,000|
||||2,294,686|1,930,510|(1,847,862)||7,127|2,384,461|
|Endowment<br>funds|||||||||
|Endowment<br>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<br>5|Expenditure|f|(Losses)<br>5|2021<br>f|
|Unrestricted<br>funds|||||||||
|General<br>Funds - all funds|||1,898,399|1,987,597|(1,920,546)||29,236|1,994,686|
|Designated<br>future|running||||||||
|costs|||300,000|||||300,000|
||||2,198,399|1,987,597|(1,920,546)||29,236|2,294,686|
|Endowment<br>funds|||||||||
|Endowment<br>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|





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## 

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|||||||Group|Group|
|---|---|---|---|---|---|---|---|
|||||||2022<br>6|2021f|
|Cash|in hand|||||507,937|508,247|
|Total|cash and|cash||equivalents||507,937|508,247|
|Analysis<br>ofchanges||||ln net debt||||
||||||As restated|||
||||||At 1||At 31|
||||||February||January|
||||||2021<br>f|Cash flows<br>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)|



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|The following|were|subsidiary|undertakings<br>oft|he Charity:|||||
|---|---|---|---|---|---|---|---|---|
|Names|||Company|Registered<br>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|||||





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