## 



## 

## 

|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Charity,|Its Trustees and Advisers||
|Trustees'<br>Report||||2-8|
|Trustees'<br>Responsibilities<br>Statement|||||
|Independent<br>Auditors'|Report|on the Financial Statements||10-13|
|Consolidated<br>Statement of Financial Activities||||14|
|Consolidated<br>Balance|Sheet|||15-16|
|Charity Balance Sheet||||17-18|
|Notes to the Financial|Statements|||19-41|





## 

|Trustees|||C Kay, Chair|||||||
|---|---|---|---|---|---|---|---|---|---|
||||M Alger|||||||
||||L Pearce|||||||
||||W Carter|||||||
||||L Woore|||||||
||||J Gregory|||||||
||||P Ireland|||||||
||||J Marshall|||||||
||||M Reynolds|||||||
||||P Sayers|||||||
||||S Lucy|||||||
|Company|registered|||||||||
|number|||04214557 (England||and Wales)|||||
|Charity registered||||||||||
|number|||1111403|||||||
|Registered||offfce|Well Close House|||||||
||||Lansdown<br>Parade|||||||
||||Cheltenham|||||||
||||Gloucestershire|||||||
||||GL50 2LH|||||||
|Company|secretary||M Reynolds|||||||
|Chief executive office|||April Taylor, Chief||Executive Director|||||
||||Chloe Bushell,|Marketing|||and Fundralsing||Coordinator|
||||Simon Algar, Training|||&Compliance||Co-Ordinator||
||||Bernie Murray,|Registered|||Manager|||
||||Karen Whyte,|Phoenix||Activity Coordinator||||
|Independent||auditors|Randall<br>& Payne LLP|||||||
||||Statutory Auditors|||||||
||||Chargrove<br>House|||||||
||||Shurdington<br>Road|||||||
||||Cheltenham|||||||
||||Gloucestershire|||||||
||||GL51 4GA|||||||
|Bankers|||National Westminster|||Bank Pic||||
||||PO Box No 9|||||||
||||31 Promenade|||||||
||||Cheltenham|||||||
||||Gloucestershire|||||||
||||GL50 1LH|||||||
|Solicitors|||BPESolicitors|||||||
||||StJames's House|||||||
||||StJames's Square|||||||
||||Cheltenham|||||||
||||Gloucestershire|||||||
||||GL50 3PR|||||||





## 

## 



## 

## 



## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 



## 

## 



## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 



## 



## 

||||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|funds|
|||||Note|2023<br>6|2023<br>f|2023<br>f|2023<br>6|2022<br>f|
|Income and||||||||||
|endowments||from:||||||||
|Donations<br>and||legacies|||72,014|121||72,135|4,213|
|Charitable<br>activities|||||1,888,996|15,745||1,904,741|1,863,679|
|Other trading|activities||||8,481|||8,481|18,710|
|Investments|||||4,331|||4,331|4,241|
|Other Income|||||196,108|||196,108|41,667|
|Total income||and||||||||
|endowments|||||2,169,930|15,866||2,185,796|/,932,510|
|Expenditure|on:|||||||||
|Raising funds|||||162,526|||162,526|131,880|
|Charitable<br>activities|||||1,812,881|24,586||1,837,467|1,733,045|
|Total expenditure|||||1,975,407|24,586||1,999,993|/, 864,925|
|Net||||||||||
|Income/(expenditure)||||||||||
|before net||||||||||
|(losses)/gains||on||||||||
|investments|||||194,523|(8,720)||185,803|67,585|
|Net (losses)/gains|||on|||||||
|investments|||||(8,032)|||(8,032)|7,127|
|Net||||||||||
|income/(expenditure)|||||186,491|(8,720)||177,771|74,712|
|Transfers<br>between||||||||||
|funds||||19|(12,011)|12,011||||
|Net movement||In||||||||
|funds|||||174,480|3,291||177,771|74,712|
|Reconciliation||of||||||||
|funds:||||||||||
|Total funds brought||||||||||
|forward|||||2,384,452|90,467|198,064|2,672,983|2,598,271|
|Net movement||in funds|||174,480|3,291||177,771|74,712|
|Total funds carried||||||||||
|forward|||||2,558,932|93,758|198,064|2,850,754|2,572,983|





## 

## 

|||||Note||2023<br>6||2022f|
|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||
|Tangible assets||||14||2,271,731||2,547,134|
|Investments||||15||261,297||272,197|
|||||||2,533,028||2,819,331|
|Current assets|||||||||
|Debtors||||16|287,074||219,071||
|Cash at bank and|in|hand|||728,113||507,937||
||||||1,015,187||727,008||
|Creditors: amounts||falling|due within one||||||
|year||||17|(124,311)||(163,329)||
|Net current assets||||||890,876||563,679|
|Total assets less|current||liabilities|||3,423,904||3,383,010|
|Creditors: amounts||falling|due after mors||||||
|than one year||||18||(573,139)||(710,017)|
|Net assets||||||2,850,765||2,672,993|
|Total net assets||||||2,850,765||2,672,993|
|Charity funds|||||||||
|Endowment<br>funds||||19||198,064||198,064|
|Restricted funds||||19||93,758||90,467|
|Unrestricted<br>funds||||19||2,558,943||2,384,462|
|Total funds||||||2,850,765||2,672,993|





## 

## 






## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 


## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2023|
||||E|E|E|
|Donations|&|Legacy|72,014||72,014|
|Grants||||121|121|
||||72,014|121|72,135|



|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022f|2022<br>E|2022f|
|Donations||2,213||2,213|
|Grants|||2,000|2,000|
|||2,213|2,000|4,213|
|Income from charitable|activities||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2023|2023|2023|
|||E|E|E|
|Income from charitable|activities|1,888,996|15,745|1,904,741|
||||Unrestricted|Total|
||||funds|funds|
||||2022<br>E|2022f|
|Income from charitable|activities||1,863,679|1,863,679|



## 



## 

## 

## 

||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2023|2023|
||6|6|
|Sponsorship|8,481|8,481|
||Unrestricted|Total|
||funds|funds|
||2022<br>8|2022f|
|Sponsorship|18,710|18,710|



## 

|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2023|2023|
||||6|
|Investment|income - other local unlisted|3,697|3,697|
|Interest income||634|634|
|||4,331|4,331|
|||Unrestricted|Total|
|||funds|funds|
|||2022f|2022|
|Investment|income|4,193|4,193|
|Interest income||48|48|
|||4,241|4,241|





## 

## 

|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2023|2023|
|||E|E|
|Gains/(Losses)|on sale offixed assets|172,119|172,119|
|Other Income||23,989|23,989|
|||196,108|196,108|



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



## 

|||Unrestricted|Restricted||
|---|---|---|---|---|
|||funds|funds|Total|
|||2023|2023|2023|
||||E|E|
|Charitable|activities|1,812,881|24,586|1,837,467|
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||2022f|2022|2022f|
|Charitable|activities|1,715,982|17,063|1,733,045|





## 

## 

|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2023|2023|2023|
|||||8|6|6|
|Charitable|activities|||1,714,018|123,449|1,837,467|
|||||Activities|||
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2022f|2022f|2022f|
|Charitable|activities|||1,523,433|109,612|1,733,045|
|Analysis|ofdirect costs||||||
||||||Charitable|Total|
||||||activities|funds|
||||||2023<br>6|2023f|
|Staff costs|||||1,402,486|1,402,486|
|Depreciation|||||94,887|94,887|
|WCH Garden||proJect and members|activities||24,586|24,586|
|Minibus<br>&travel expenses|||||297|297|
|Rent|||||45,833|45,833|
|Rates and|water||||18,151|18,151|
|Light and|heat||||36,030|36,030|
|Repairs|||||43,948|43,948|
|Activities|centre consumables||||3,330|3,330|
|Medical supplies|||||424|424|
|Housekeeping|||||4,963|4,963|
|Cleaning|and|waste|||3,310|3,310|
|Food costs|||||1,026|1,026|
|Gardening|||||8,881|8,881|
|Mortgage|interest||||25,866|25,866|
||||||1,714,018|1,714,018|





## 

## 

|Analysis ofd|irect costs (continue|d)|||
|---|---|---|---|---|
||||Charitable|Total|
||||activities|funds|
||||2022|2022f|
|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>and|waste||2,184|2,184|
|Food costs|||932|932|
|Gardening|||936|936|
|Mortgage<br>interest|||18,647|18,647|
||||1,623,433|1,623,433|



## 

||||Charitable|Total|
|---|---|---|---|---|
||||activities|funds|
||||2023|2023|
|Recruitment|||3,521|3,521|
|Contingencies|||1,840|1,840|
|Motor and|travel||9,656|9,656|
|Insurance|||25,258|25,258|
|Telephone|||11,250|11,250|
|Marketing|and training||20,442|20,442|
|Postage and stationery|||4,642|4,642|
|Sundries|and subscriptions||8,609|8,809|
|Bank and|investment|charges|7,788|7,788|
|Legal and|accountancy||30,243|30,243|
||||123,449|123,449|





## 

## 

## 

|||||||||||Charitable|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||activities|funds|
|||||||||||2022|2022|
|||||||||||8||
||Recruitment|||||||||5,480|5,480|
||Contingencies|||||||||5,121|5,121|
||Motor snd|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|snd|subscrlptlons|||||||8,011|8,011|
||Bank and|investment||charges||||||3,729|3,729|
||Legal and|accountancy||||||||16,083|15,083|
|||||||||||109,611|109,611|
|11.|Auditors'|remuneration||||||||||
|||||||||||2023|2022|
|||||||||||6||
||Fees payable||to the Charity's|||auditor||for the audit ofthe Charity's|annual|||
||accounts|||||||||5,665|5,500|
||Fees payable||to the Charity's|||auditor||in respect of:||||
||All non-audit||services|not included|||above|||2,000|2,000|
|12.|Staff costs|||||||||||
|||||||||Group|Group|Charity|Charity|
|||||||||2023f|2022|2023|2022|
||Wages and salaries|||||||1,369,208|1,281,127|1,270,468|1,205,398|
||Social security costs|||||||118,241|83,538|108,985|76,820|
||Contribution||to defined||contribution|||pension||||
||schemes|||||||23,032|21,954|23,032|21,954|
|||||||||1,510,481|1,385,719|1,402,485|1,304,172|





## 

## 

## 

## 

## 

|||Long-term||||
|---|---|---|---|---|---|
||Freehold|leasehold|Motor|Fixtures and||
||property<br>F.|property<br>f|vehicles|fittings<br>f|Total<br>F.|
|Cost or valuation||||||
|At 1 February 2022|3,503,978|460,815|63,134|230,563|4,258,490|
|Additions||||2,731|2,731|
|Disposals|(251,126)||||(251,126)|
|At 31 January 2023|3,252,852|460,815|63,134|233,294|4,010,095|





## 

## 

## 


## 




## 

## 

## 

|Charity (continued)|||||||
|---|---|---|---|---|---|---|
||||Long-term||||
|||Freehold|leasehold|Motor|Fixtures and||
|||property|property|vehicles|fittings|Total|
||||E|E||E|
|Depreciation|||||||
|At 1 February 2022||1,027,043|438,603|61,735|183,924|1,711,305|
|Charge for the year||(6,820)|17,770|851|14,840|26,641|
|At 31 January 2023||1,020,223|456,373|62,586|198,764|1,737,946|
|Net book value|||||||
|At 31 January 2023||2,232,629|4,442|548|32,871|2,270,490|
||'||||||
|At 31January 2022||2,476,935|22,212|1,400|46,376|2,546,923|



## 

||||Cash fixed||
|---|---|---|---|---|
||Listed|Unlisted|asset||
||Investments|investments|Investments|Total|
|Group|F|E|F|E|
|Cost or valuation|||||
|At 1 February 2022|3,607|249,698|18,883|272,188|
|Additions||44,264|(8,940)|35,324|
|Disposals||(38,182)||(38,182)|
|Revaluations||(8,032)||(8,032)|
|At 31 January 2023|3,607|247,747|9,943|261,297|
|Net book value|||||
|At 31 January 2023|3,607|247,747|9,943|261,297|
|At 31January 2022|3,607|249,698|18,883|272,188|





## 

## 

|15.|Fixed asset I|n|vestme|nts<br>(continued)|nts<br>(continued)|nts<br>(continued)||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Investments||||||||
|||||||In||||Cash fixed||
||||||subsidiary|||Listed|Unlisted|asset||
||Charity|||companies|||f|Investments<br>f|Investments<br>f|investments<br>f|Totalf|
||Cost or valuation|||||||||||
||At 1 February|2022||||10||3,607|249,698|18,883|272,198|
||Additions||||||||44,264|(8,940)|35,324|
||Disposals||||||||(38,182)||(38,182)|
||Revaluations||||||||(8,032)||(8,032)|
||At31 January|2023||||10||3,607|247,747|9,943|261,307|
||Net book value|||||||||||
||At31 January||2023|||10||3,607|247,747|9,943|261,307|
||At 31January||2022|||10||3,607|249,698|18,883|272,198|
|16.|Debtors|||||||||||
|||||||||Group|Group|Charity|Chanty|
|||||||||2023f|2022|2023<br>f|2022|
||Due within one year|||||||||||
||Trade debtors|||||||133,340|123,455|121,441|117,761|
||Amounts<br>owed||by group undertakings|||||||261,896|129,987|
||Other debtors|||||||1,544|341|1,189||
||Prepayments|and accrued income||||||152,190|95,275|152,190|95,275|
|||||||||287,074|219,071|536,716|343,023|
|17.|Creditors: Amounts|||falling due|within|one||year||||
|||||||||Group|Group|Charity|Charity|
|||||||||2023<br>F|2022|2023f|2022f|
||Bankloans|||||||41,105|4e,oo4|41,105|48,004|
||Other loans||||||||1,540||1,540|
||Trade creditors|||||||6,903|1,544|2,692||
||Other taxation||and social security|||||29,647|38,278|29,647|38,278|
||Other creditors|||||||29,157|29,039|28,453|28,959|
||Accruals<br>and|deferred||Income||||17,499|44,924|17,224|43,361|





## 

## 

|ontinued)||||
|---|---|---|---|
|Group|Group|Charity|Charily|
|2023f|2022|2023f|2022f|
|124,311|163,329|119,121|160,142|



## 

|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023f|2022f|2023f|2022f|
|Bank|loans|573,139|710,017|573,139|710,017|





## 

## 

|Statement|offunds|offunds||||||
|---|---|---|---|---|---|---|---|
|Statement|offunds - current year|||||||
|||Balance at 1|||||Balance at|
|||February|||Transfers|Gains/|31January|
|||2022|Income|Expenditure|In/out|(Losses)|2023|
|||6|E|6|6|8|6|
|Unrestricted||||||||
|funds||||||||
|General Funds-||||||||
|all funds||2,084,462|2,169,930|(1,975,406)|(20,366)|(8,032)|2,250,588|
|Designated||||||||
|future<br>running||||||||
|costs||300,000|||8,355||308,355|
|||2,384,462|2,169,930|(1,975,406)|(12,011)|(8,032)|2,558,943|
|Endowment||||||||
|funds||||||||
|Endowment||||||||
|Funds - all|funds|198,064|||||198,064|
|Restricted||||||||
|funds||||||||
|Restricted|Funds|||||||
|- all funds||||||||
|Waker||||||||
|Apartments||||||||
|Conservatory||3313|15,866|(24,586)|5,407|||
|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||2,366|||||2,366|
|Well Close||||||||
|House Garden||||||||
|Project||(14,959)|||14,959|||
|||90,467|15,866|(24,586)|12,011||93,758|





## 

## 



## 

## 

## 

## 

|Statement<br>offund|s - prior year|||||||
|---|---|---|---|---|---|---|---|
||Balance et||||||Balance at|
||1 February||||Transfers|Geins/|31January|
||2021|Income<br>f|Expenditure|f|in/out|(Losses)|2022f|
|Unrestricted||||||||
|funds||||||||
|General<br>Funds||||||||
|all funds|1,994,687|1,930,510|(1,847,862)|||7,127|2,084,462|
|Designated||||||||
|future<br>running||||||||
|costs|300,000||||||300,000|
||2,294,687|1,930,510|(1,847,862)|||7,127|2,384,462|
|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|
|Highbank|12,658||||||12,658|
|Phoenix Centre|8,355||||||8,355|
|Mini Bus|31,304||||||31,304|
|Social Enterprise||||||||
|Project|2,366||(17,063)||||(14,697)|
|Well Close||||||||
|House Garden||||||||
|Project|104|2,000|||||2,104|
|Well Close||||||||
|House Garden||||||||
|Project||||||||
||105,530|2,000|(17,063)||||90,467|





## 


## 

## 

## 

## 

## 

## 

## 

## 



## 

|Summary|offunds - current yea|offunds - current yea|r|||||
|---|---|---|---|---|---|---|---|
||Balance at 1||||||Balance at|
|||February|||Transfers|Gains(|31January|
|||2022f|Income<br>f|Expenditure<br>f|In/outf|(Losses)<br>f|2023<br>f|
|General funds||2,384,462|2,169,930|(1,975,406)|(12,011)|(8,032)|2,558,943|
|Endowment||||||||
|funds||198,064|||||198,064|
|Restricted|funds|90,467|15,866|(24,586)|12,011||93,758|
|||2,672,993|2,185,796|(1,999,992)||(8,032)|2,850,765|
|Summary|offunds|-prior year||||||
||||Be)ance at||||Balance at|
||||1 February|||Gains/|31Jenuary|
||||2021|income<br>f|Expenditure<br>f|(Losses)|2022f|
|General funds|||2,294,687|1,930,510|(1,847,862)|7,127|2,384,462|
|Endowment|funds||198,064||||198,064|
|Restricted|funds||105,530|2,000|(17,063)||90,467|
||||2,598,281|1,932,510|(1,864,925)|7,127|2 672,993|



|Analysis|of n|et assets between funds<br>-|current year||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|funds|funds|funds|
||||2023f|2023<br>f|2023<br>f|2023f|
|Tangible|fixed|assets|2,073,667||198,064|2,271,731|
|Fixed asset investments|||261,297|||261,297|
|Current|assets||921,429|93,758||1,015,187|
|Creditors|due|within one year|(124,311)|||(124,311)|
|Creditors|due|in more then one year|(573,139)|||(573,139)|
|Total|||2,558,943|93,758|198,064|2,850,765|





## 

## 

## 

||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022f|2022|2022|
|Tangible|fixed|assets|2,349,070||198,064|2,547,134|
|Fixed asset investments|||272,197|||272,197|
|Cunent|assets||636,542|90,467||727,009|
|Creditors|due|within one year|(163,329)|||(163,329)|
|Creditors|due|in more than one year|(710,017)|||(710,017)|
|Total|||2,384,463|90,467|198,064|2,672,994|



## 

## 

|payments|und|er non-cancellable<br>operating<br>lease|s as follows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2023<br>F|2022<br>6|2023f|2022f|
|Not later than||1 year|2,400|2,399|2,400|2,399|
|Later than|1 year and not later than 5years||9,600||9,600||
||||12,000|2,399|12,000|2,399|





## 

## 

##