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2020-10-31-accounts

REGISTERED COMPANY NUMBER: 04937256 (England and Wales) REGISTERED CHARITY NUMBER: 1121008

Report of the Trustees and

Unaudited Financial Statements

For The Year Ended 31 October 2021

for

Newent Association for the Disabled

Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN

Newent Association for the Disabled

Contents of the Financial Statements For The Year Ended 31 October 2021

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Statement of Financial Position 9 to 10
Statement of Cash Flows 11
Notes to the Statement of Cash Flows 12
Notes to the Financial Statements 13 to 23
Detailed Statement of Financial Activities 24 to 25

Newent Association for the Disabled (Registered number: 04937256)

Report of the Trustees For The Year Ended 31 October 2021

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal objectives and aims of the Charity remain to relieve physically disabled persons within Newent and the surrounding area by the provision of transport and such other means as the Association may from time to time determine and to provide recreational facilities for such persons in the interests of social welfare with the object of improving their condition of life.

VISION

Newent Association for the Disabled wants to ensure through its service provision that quality of life is maintained for older and disabled people living in the North Forest Area.

MISSION

Newent Association for the Disabled's mission is to:

" Offer older people and people with disabilities a range of services to help improve their quality of life

" Pioneer innovative and creative responses to meeting the needs of older people and people with disabilities.

" Offer high quality services which meet the specific needs of older people and people with disabilities

AIMS

Providing high quality direct services to older and disabled people in the North Forest area

By providing a gold class community transport service through our fleet of vehicles

Responding to the needs of older people from communities in the catchment area.

Creating an effective and efficient organisation with sufficient income to sustain and develop our essential services that all stakeholders are committed to.

Public benefit

The charity looks to achieve these objectives, whilst demonstrating its charitable purpose for the public benefit by the provision of activities and clubs at Sheppard House in Newent and transport through the Dial A Ride facility.

The trustees consider that they have complied with their duty to have due regard to the public benefit guidance when exercising any powers or duties to which the guidance is relevant.

Page 1

Newent Association for the Disabled (Registered number: 04937256)

Report of the Trustees For The Year Ended 31 October 2021

OBJECTIVES AND ACTIVITIES

INTRODUCTION

The Board of Trustees has a duty to undertake discussion and make recommendations on constitutional and strategic issues all within the context of its mission.

Each trustee has a special interest e.g. Human Resources, Finance, Transport, and Medical. The Board of Trustees are conscious of the unpredictability of its public sources of funding and as such seeks to keep a level of unrestricted reserves so that it can meet any shortfall of income over expenditure.

Income to the Association comes from a variety of sources, donations, legacies, sale of merchandise through the Charity Shop with Gift Aid collected, contractual through GCC with schools' transport, community transport with shuttle service, trust funding with grants for specific projects and direct payments from clients using the Sheppard House menu of services.

The securing of income for support and service development in the local area and the charity as a whole is always at the forefront in the thinking of the Board of Trustees and the senior management team. The Trustees have continued to adopt a cautious investment policy. The Association continues to seek to invest its surplus funds in no-risk interest earning deposits.

The bulk of its spare funds are placed with CAF Bank Ltd a subsidiary of the Charities Aid Foundation. Investment is largely in selected deposit accounts. These accounts have provided a small but safe return with the advantage of short-term liquidity so that funds can be mobilised for ongoing developments.

When applying for funds the Board has to ensure compliance in both the terms and conditions of the grant maker and Newent Association for the Disabled. In addition, all legacy income has to be spent as per the testator wishes. The income generation strategy reflects the aims of our mission and the priority objectives of Newent Association for the Disabled.

FROM THE CHAIR OF THE BOARD PATRICIA HALES

We are pleased to present the Trustees' Annual Report for 2021. As a result of the COVID-19 pandemic there is some overlap with the reporting from the previous year. This report reflects and highlights how staff and volunteers have worked together to respond to ongoing challenges that have continued to arise over the past year. The start of the pandemic saw a call to action, and this continued into 2021 - to meet the needs of customers and clients when possible, to redeploy the profession where urgently required, to stop and restart services, and to ensure safe access to settings, such as the day centre. It was by listening to government guidelines that we were able to prioritise these needs and work accordingly on personal protective equipment (PPE), workforce re-deployment, the use of telephone support, guidance and more. As the year went on, we continued to engage with our staff and volunteers to identify the impact of the pandemic on members' wellbeing and morale, assess access to vaccinations and PPE, and examine the impact on service users.

Though challenges continue, the organisation has shown that it is innovative, solution-focused, and flexible enough to rise to them.

Sheppard House "Day Centre" and Bathing Suite continue to provide a valuable service to the local and general forest community albeit with reduced capacity and the attendance rates are slowly returning to the pre-pandemic level.

Transport provides a "Dial a Ride" service, transport for disabled and able-bodied school children and individuals and is also running a few 'bus' routes. The Board is implementing last year's strategy of addressing additional staff training as opportunities arise.

The Board is mindful of the state of our aging fleet of Mini-buses and as additional funding became available we have updated some of our fleet.

Page 2

Newent Association for the Disabled (Registered number: 04937256)

Report of the Trustees For The Year Ended 31 October 2021

OBJECTIVES AND ACTIVITIES

The Charity shop continues to provide additional income to the association and having re-opened, the monthly turnover is climbing steadily to its previously amazing level.

I will finish with a big thank you to our CEO, all the staff, volunteers and board members for the hard work and effort put in to running a successful association which has shown itself strong enough to withstand and work within the restraints of the pandemic.

Chief Executive

Lyndon Biddle

2021 was another very challenging year with the continuing impact of Covid-19 dominating everything. We managed to re-open Sheppard House in April and began the rebuilding process, initially over three days a week, but this quickly moved to four. Our shop also re-opened in April and quickly grew sales to pre-pandemic levels. Our school transport remained busy throughout with the biggest challenge being maintaining staffing levels. Dial a Ride went very quiet but has since bounced back (although not quite to pre-pandemic levels as some people have changed their transport requirements permanently). Our storage facility remained steadily busy throughout.

It was disappointing to close Sheppard House but we felt the safety of our vulnerable clients and staff had to be our priority. The atmosphere in Sheppard House is still very positive and we have received a very positive "bounce" in people attending since we re-opened. Although complying with all the additional Covid safety requirements is at the forefront of everyone's mind, there is also a tremendous focus on making sure all the clients have a really good experience each time they attend. The needs of our clients are inevitably growing and our staff work very hard to ensure they have a positive experience at Sheppard House.

Our shop continues to provide invaluable financial support for the charity. Our staff and volunteers have put in all the extra effort to make it Covid compliant. We are experiencing high demand from people who want to make donations as many people have used their lockdown time to work on their houses and get rid of any items they no longer need. We are very lucky with the quality of donations we receive and would like to thank the local community for this. We also decided to protect many of our vulnerable volunteers in the shop and they only returned very slowly, when it was safe to do so.

Our schools transport has remained busy throughout the pandemic as children with special needs and those of key workers, generally continued to attend school. The majority of our school work is with children with special needs, but we do also do some mainstream work where the logistics of a local minibus service is advantageous for everyone. Our dial a ride service went very quiet in the early part of the year but has regained some of the lost ground. Similarly, our regular service runs and shopper trips were affected and have only slowly regrown

Overall, we had a very positive 2021 due to the flexibility and commitment of our staff. Thanks to them we helped keep everyone safe and provided support for our local community. We also generated a financial surplus, part of which we reinvested in two new vehicles for our Community transport service. We have managed to come through this very challenging period and strengthened our financial base. This has helped secure our long-term financial sustainability. This enables us to secure the future job security for our staff and ensure we are here to help as many people as possible in the local community.

Financials

During the last year our income grew by just under 2% which is excellent news in a very challenging time. This was due to a combination of factors including the strong performance of our school's transport but also new income from a range of trusts and foundations. Unfortunately, our costs did rise by 5.2% in the same period. As we had all the re-opening wage costs straight away and income growth was slower. Despite this we still managed to generate a surplus of £31,800. We reinvested this in two new vehicles and we upgraded our IT equipment at Sheppard House. This has enabled us to strengthen our overall financial position which is essential in these increasingly uncertain times.

Page 3

Newent Association for the Disabled (Registered number: 04937256)

Report of the Trustees For The Year Ended 31 October 2021

OBJECTIVES AND ACTIVITIES

Turnover for the financial year 2020/21 was £750,220 which is an increase on the previous year of just under £14,000. This was very good news and achieved in a challenging market place. The main contributors were some new schools' contracts, trusts and foundations and our shop which continues to go from strength to strength (when open). Our charity is built on very solid foundations and it is our aim to ensure we continue to provide an excellent service to our clients, whilst maintaining our financial stability.

We have also developed new schools' contracts, enabling us to increase our income from transport. There is a competitive tendering system for all these contracts and we have to demonstrate we have not only the capability but also the commercial experience to deliver an excellent service. Our income from the charity shop was affected by Covid lockdowns but continues to grow when open. It makes an invaluable contribution to the Associations finances. The biggest financial challenge is managing cost increases driven by factors such as Government minimum wage legislation, pension contributions and rising fuel costs.

Our core income remains consistent as it's from a diverse range of activities. This gives us a broad base which helps us in uncertain times. The challenge for us is containing rising cost pressures, our income from people attending Sheppard House, our shop and School Contracts does rise slowly and the key point is to make sure Costs don't rise faster. This is a challenge when the majority of the cost growth is driven by wages rising at a faster rate than income. The financial support from Government in 2021 via the Furlough scheme and other grants was essential in enabling us to support our staff and clients through a very challenging year

Sheppard House

Due to Covid 19 we could only re-open our day care in April 2021. We re-opened as soon as it was safe to do so. This involved additional training for staff, investing in PPE and putting in place a number of new procedures to ensure Covid compliance. The safety of staff and clients has always been our priority.

Our staff worked hard to ensure everything was Covid compliant and all our clients remained safe.

We tried to minimise the impact on our clients but in all cases, safety takes precedent. We found that the continuation of the Covid pandemic in 2021 made the national problem of loneliness even worse. More people than ever were isolated at home. We kept in regular touch with our clients via phone calls and also helped with shopping and prescription needs. However, the need to re-open Sheppard House as soon as possible was very clear. We did this thanks to the hard work and dedication of our staff, to whom we are very grateful,

Coronavirus

All our care staff and drivers have now had a minimum of three doses of vaccines (some have had more). In addition, we have a Covid testing regime which means all our staff are tested at least twice a week.

As an organisation we value our staff and our volunteers. This involves willingness on their part to embrace change and be flexible. We are very fortunate to have such a dedicated team. Their commitment is the key to our success now and in the future.

STAFFING, VOLUNTEERS AND COMMITMENT TO THE CHARITY

This year was a difficult one for volunteers as many are vulnerable and had to shield due to Covid-19. We are lucky to have such a strong group of volunteers at the shop, Sheppard House and driving. Without their support we would not be able to provide such a high level of service to all our clients. We are indebted to them and look forward to the opportunity to all get together, once it is safe, to show them our gratitude. Unfortunately, we could not re-start this great tradition in 2021

Page 4

Newent Association for the Disabled (Registered number: 04937256)

Report of the Trustees For The Year Ended 31 October 2021

OBJECTIVES AND ACTIVITIES

Conclusion

Overall 2021 went very well for the charity in an extremely challenging environment. We had to adapt to some of the biggest changes we have ever experienced. Prior to this pandemic no-one would have even dreamed of such things as a lockdown, social distancing or wearing face masks. Our staff have taken all of these things in their stride and come through it.

We have much to be grateful for and we go into 2021/22 from a position of strength and ready for whatever may happen.

FINANCIAL REVIEW

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Charitable Company is incorporated under the Companies Act and has a Memorandum and Articles as adopted on 20th October 2003. The original charity was first registered on 13th May 1987. In November 2007 the assets of the original charity were transferred to this company.

Recruitment and appointment of new trustees

New Trustees are selected from local interested individuals with a view to incorporating expertise appropriate to the proper management of the Association. Trustees are offered opportunities to attend training courses as appropriate.

Organisational structure

The Main Trustee Board meets in full at least four times a year with subcommittees of trustees and relevant advisors meeting more frequently to deal with particular issues. The day to day running of the charity is in the hands of paid administration staff with a Senior Executive.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04937256 (England and Wales)

Registered Charity number

1121008

Registered office

Sheppard House Onslow Road Newent Gloucestershire GL18 1TL

Page 5

Newent Association for the Disabled (Registered number: 04937256)

Report of the Trustees For The Year Ended 31 October 2021

Trustees

M P Edwards Training Manager Dr I A Cocks Retired Mrs M Woods Housewife Dr A Fawkes Director (resigned 11.12.20) J Oakman Director Mrs P C Hales Trustee D Coombs Dr R N Baldwin Doctor

Independent Examiner

Mark Spashett FCA Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN

Bankers

The Cooperative Bank PO BOX 250 Delf House Skelmersdale WN8 6WT

Solicitors

Orme & Slade Solicitors Natwest Bank Chambers The Homend Ledbury HR8 1AB

COMMENCEMENT OF ACTIVITIES

The Company took over the assets and activities of Newent Association for the Disabled on 1st November 2007.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 12 July 2022 and signed on its behalf by:

Mrs P C Hales - Trustee

Page 6

Independent Examiner's Report to the Trustees of Newent Association for the Disabled (Registered number: 04937256)

Independent examiner's report to the trustees of Newent Association for the Disabled ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 accounts to be reached.

Mark Spashett FCA Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN

26 July 2022

Page 7

Newent Association for the Disabled

Statement of Financial Activities (Incorporating an Income and Expenditure Account) For The Year Ended 31 October 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
197,381
Charitable activities
5
Sheppard House
79,209
Dial a Ride
92,914
Bathing Annex
2,413
Other trading activities
3
262,954
Investment income
4
20,681
Total
655,552
EXPENDITURE ON
Raising funds
Other trading activities
6
234,540
234,540
Charitable activities
7
Sheppard House
232,264
Dial a Ride
139,650
Bathing Annex
12,405
Total
618,859
NET INCOME/(EXPENDITURE)
36,693
RECONCILIATION OF FUNDS
Total funds brought forward
518,891
TOTAL FUNDS CARRIED FORWARD
555,584		 Restricted
funds
£
94,668
-
-
-
-
-
94,668
-
-
12,606
81,824
5,131
99,561
(4,893)
268,129
263,236		 31.10.21
31.10.20
Total
Total
funds
funds
£
£
292,049
305,035
79,209
73,310
92,914
91,905
2,413
2,297
262,954
245,446
20,681
18,619
750,220
736,612
234,540
194,490
234,540
194,490
244,870
232,400
221,474
243,350
17,536
12,590
718,420
682,830
31,800
53,782
787,020
733,238
818,820
787,020		 31.10.21
31.10.20
Total
Total
funds
funds
£
£
292,049
305,035
79,209
73,310
92,914
91,905
2,413
2,297
262,954
245,446
20,681
18,619
750,220
736,612
234,540
194,490
234,540
194,490
244,870
232,400
221,474
243,350
17,536
12,590
718,420
682,830
31,800
53,782
787,020
733,238
818,820
787,020
736,612
194,490
194,490
232,400
243,350
12,590
682,830
53,782
733,238
787,020

The notes form part of these financial statements

Page 8

Newent Association for the Disabled (Registered number: 04937256)

Statement of Financial Position

31 October 2021

Notes
FIXED ASSETS
Tangible assets
14
Investments
15
CURRENT ASSETS
Stocks
16
Debtors: amounts falling due within one year
17
Investments
18
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
19
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
20
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
327,440
500
327,940
3,152
82,409
493
169,659
255,713
(28,069)
227,644
555,584
555,584		 Restricted
funds
£
246,216
-
246,216
-
-
-
17,020
17,020
-
17,020
263,236
263,236		 31.10.21
Total
funds
£
573,656
500
574,156
3,152
82,409
493
186,679
272,733
(28,069)
244,664
818,820
818,820
555,584
263,236
818,820		 31.10.20
Total
funds
£
582,773
500
583,273
2,592
63,598
493
163,184
229,867
(26,120)
203,747
787,020
787,020
518,891
268,129
787,020

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 9

continued...

Newent Association for the Disabled (Registered number: 04937256)

Statement of Financial Position - continued 31 October 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 12 July 2022 and were signed on its behalf by:

P C Hales - Trustee

The notes form part of these financial statements

Page 10

Newent Association for the Disabled

Statement of Cash Flows For The Year Ended 31 October 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest element of hire purchase or finance
lease rental payments paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Loan repayments in year
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.10.21
£
45,605
(460)
45,145
(22,789)
1,120
19
(21,650)
-
-
23,495
163,184
186,679		 31.10.20
£
98,030
-
98,030
(25,590)
3,250
122
(22,218)
(8,619)
(8,619)
67,193
95,991
163,184

The notes form part of these financial statements

Page 11

Newent Association for the Disabled

Notes to the Statement of Cash Flows For The Year Ended 31 October 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Interest element of hire purchase and finance lease rental payments
Increase in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operations		 31.10.21
£
31,800
31,062
(276)
(19)
460
(560)
(18,811)
1,949
45,605		 31.10.20
£
53,782
31,579
(1,698)
(122)
-
(420)
21,867
(6,958)
98,030

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.11.20 Cash flow At 31.10.21
£ £ £
Net cash
Cash at bank and in hand 163,184 23,495 186,679
163,184 23,495 186,679
Liquid resources
Deposits included in cash - - -
Current asset investments 493 - 493
493 - 493
Total 163,677 23,495 187,172

The notes form part of these financial statements

Page 12

Newent Association for the Disabled

Notes to the Financial Statements For The Year Ended 31 October 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

As the Charity operates fairly efficiently with regard to governance, the majority of its resources are allocated to charitable activities, based on time allocated to each charitable activity.

Tangible fixed assets

Costs related to fixed asset expenditure in excess of £500 are capitalised as tangible fixed assets in the accounts.

No revaluations have been performed to date.

Due to the nature of the fixed assets held by the Charity, no asset is likely to be lower than that stated in the accounts and hence no impairment reviews are considered necessary.

Depreciation

Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives as follows: Furniture and Fittings 10% on Reducing Balance Minibuses 25% on Reducing Balance Freehold Property 2% on Cost

Stocks

Stock consists of purchased goods for the use in future activities included at cost. Charity shop donated goods are not included in the financial statements until they are sold or distributed.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 13

continued...

Newent Association for the Disabled

Notes to the Financial Statements - continued For The Year Ended 31 October 2021

2. DONATIONS AND LEGACIES

Donations
Grants
Covenant received from N A D Contracts Limited
Furlough Funding
Grants include the SLA grant from Gloucestershire CC of £72,990 in
OTHER TRADING ACTIVITIES
Fundraising events
Shop income
Recharge to trading subsidiary
Other
INVESTMENT INCOME
Rents received
Deposit account interest
INCOME FROM CHARITABLE ACTIVITIES
Sheppard
Dial a
House
Ride
£
£
Dial-A-Ride Services
-
57,211
Community users
79,209
35,703
79,209
92,914		 each year.
Bathing
Annex
£
-
2,413
2,413		 31.10.21
£
50,716
139,093
41,140
61,100
292,049
31.10.21
£
899
81,424
180,631
-
262,954
31.10.21
£
20,662
19
20,681
31.10.21
Total
activities
£
57,211
117,325
174,536		 31.10.20
£
31,726
154,334
25,688
93,287
305,035
31.10.20
£
851
88,470
156,111
14
245,446
31.10.20
£
18,497
122
18,619
31.10.20
Total
activities
£
37,809
129,703
167,512

3. OTHER TRADING ACTIVITIES

4. INVESTMENT INCOME

5.

Page 14

continued...

Newent Association for the Disabled

Notes to the Financial Statements - continued For The Year Ended 31 October 2021

6. OTHER TRADING ACTIVITIES

Staff costs
Rent & rates
Insurance
Light & heat
Telephone
Printing, postage & stationery
Shop repairs & maintenance
Motor Expenses
Wages
Sundry
Fundraiser costs
Interest payable and similar charges		 31.10.21
£
43,557
12,602
1,500
2,310
-
1,841
335
32,296
124,314
575
14,750
460
234,540		 31.10.20
£
41,072
10,503
1,493
3,458
51
2,106
192
27,700
97,747
368
9,800
-
194,490

7.

CHARITABLE ACTIVITIES COSTS

Sheppard House
Dial a Ride
Bathing Annex		 Direct
Costs
£
232,662
216,665
17,536
466,863		 Support
costs (see
note 8)
£
12,208
4,809
-
17,017		 Totals
£
244,870
221,474
17,536
483,880

8. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Sheppard House 12,208
Dial a Ride 4,809
17,017

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.10.21 31.10.20
£ £
Depreciation - owned assets 31,062 31,579
Surplus on disposal of fixed assets (276) (1,698)

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Newent Association for the Disabled

Notes to the Financial Statements - continued For The Year Ended 31 October 2021

10. TRUSTEES' REMUNERATION AND BENEFITS

None of the Trustees received or waived any emoluments or expenses during the year.

No employee earned £60,000 (or more) per annum.

It is the policy of the Charity to reimburse in full all expenses properly incurred by its volunteers in connection with its charitable activities.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2021 nor for the year ended 31 October 2020.

11. STAFF COSTS

31.10.21 31.10.20
£ £
Wages and salaries 500,461 467,381
The average monthly number of employees during the year was as follows:
Sheppard House
Transport
Charity shop		 31.10.21
16
20
2
38		 31.10.20
15
19
2
36

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

Staff costs include Employers National insurance costs of £26,228 (2020 : £23,906).

There are a large number of part time employees and the average full time equivalent is 27 (2020 : 27) employees.

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
212,705
Charitable activities
Sheppard House
73,310
Dial a Ride
91,905
Bathing Annex
2,297
Other trading activities
245,446
Investment income
18,619
Total
644,282		 Restricted
funds
£
92,330
-
-
-
-
-
92,330		 Total
funds
£
305,035
73,310
91,905
2,297
245,446
18,619
736,612

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Newent Association for the Disabled

Notes to the Financial Statements - continued For The Year Ended 31 October 2021

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
funds
£
EXPENDITURE ON
Raising funds
Other trading activities
194,490
194,490
Charitable activities
Sheppard House
226,794
Dial a Ride
157,643
Bathing Annex
9,966
Total
588,893
NET INCOME/(EXPENDITURE)
55,389
Transfers between funds
(15,360)
Net movement in funds
40,029
RECONCILIATION OF FUNDS
Total funds brought forward
478,862
TOTAL FUNDS CARRIED FORWARD
518,891		 Restricted
funds
£
-
-
5,606
85,707
2,624
93,937
(1,607)
15,360
13,753
254,376
268,129		 Total
funds
£
194,490
194,490
232,400
243,350
12,590
682,830
53,782
-
53,782
733,238
787,020

13. INVESTMENTS

Investments are stated at market value at the balance sheet date. There was no net gain or loss arising on revaluations or disposals throughout the year, due to the fact that the value of the investments had not changed significantly in the period.

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Newent Association for the Disabled

Notes to the Financial Statements - continued For The Year Ended 31 October 2021

14. TANGIBLE FIXED ASSETS

COST
At 1 November 2020
Additions
Disposals
At 31 October 2021
DEPRECIATION
At 1 November 2020
Charge for year
Eliminated on disposal
At 31 October 2021
NET BOOK VALUE
At 31 October 2021
At 31 October 2020		 Freehold
property
£
743,446
-
-
743,446
252,649
10,786
-
263,435
480,011
490,797		 Plant and
machinery
£
11,580
9,140
-
20,720
2,567
1,815
-
4,382
16,338
9,013		 Fixtures
and
fittings
£
143,637
1,149
-
144,786
108,243
3,655
-
111,898
32,888
35,394		 Motor
vehicles
Totals
£
£
296,026
1,194,689
12,500
22,789
(35,193)
(35,193)
273,333
1,182,285
248,457
611,916
14,806
31,062
(34,349)
(34,349)
228,914
608,629
44,419
573,656
47,569
582,773

Included in cost or valuation of land and buildings is freehold land of £161,456 (2020 - £161,456) which is not depreciated.

15. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
31.10.21 31.10.20
£ £
Shares 1 1
Loans 499 499
500 500
Shares in
group
undertakings
£
MARKET VALUE
At 1 November 2020 and 31 October 2021 1
NET BOOK VALUE
At 31 October 2021 1
At 31 October 2020 1
Loans to
group
undertakings
£
At 1 November 2020 and 31 October 2021 499
Page 18 continued...

Newent Association for the Disabled

Notes to the Financial Statements - continued For The Year Ended 31 October 2021

15. FIXED ASSET INVESTMENTS - continued

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

N A D Contracts Limited

Registered office: UK Nature of business: Transport services

N A D Contracts Limited
Registered office: UK
Nature of business: Transport services
%
Class of share: holding
Ordinary 100
31.10.21 31.10.20
£ £
Aggregate capital and reserves 2 2

N.A.D Contracts Ltd is a subsidiary company of the Charity which covenants all its profits to the Charity. Transactions with the Charity in the year to 31st October 2021 totalled £180,631 (2020: £156,111). At the year end £46,213, including the covenanted profits of £41,140, were owed to the Charity (2020: £27,269).

16.

17.

18.

STOCKS

STOCKS
31.10.21 31.10.20
£ £
Stocks 3,152 2,592
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£ £
Trade debtors 31,259 24,167
Amounts owed by group undertakings 46,213 27,268
VAT - 2,083
Prepayments and accrued income 4,937 10,080
82,409 63,598
CURRENT ASSET INVESTMENTS
31.10.21 31.10.20
£ £
Listed investments 493 493

The market value of the shares had not significantly varied in value at the balance sheet date.

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Newent Association for the Disabled

Notes to the Financial Statements - continued For The Year Ended 31 October 2021

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21 31.10.20
£ £
Trade creditors 14,516 13,832
Social security and other taxes 8,621 8,174
VAT 1,699 -
Accruals and deferred income 3,233 4,114
28,069 26,120

20. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Dial A Ride
Bathroom
Sheppard House
Bathroom Equipment
Barnwood Trust Trips 2021
Hartpury College Project
Carers Legacy Fund
TOTAL FUNDS		 At
1.11.20
£
518,891
35,338
42,680
184,738
3,033
2,340
-
-
268,129
787,020		 Net
movement
in funds
£
36,693
(8,835)
(3,824)
(5,606)
(1,307)
-
10,679
4,000
(4,893)
31,800		 At
31.10.21
£
555,584
26,503
38,856
179,132
1,726
2,340
10,679
4,000
263,236
818,820

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Dial A Ride
Bathroom
Sheppard House
Bathroom Equipment
Mens Club
Hartpury College Project
Carers Legacy Fund
TOTAL FUNDS		 Incoming
resources
£
655,552
72,989
-
-
-
5,000
10,679
6,000
94,668
750,220		 Resources
Movement
expended
in funds
£
£
(618,859)
36,693
(81,824)
(8,835)
(3,824)
(3,824)
(5,606)
(5,606)
(1,307)
(1,307)
(5,000)
-
-
10,679
(2,000)
4,000
(99,561)
(4,893)
(718,420)
31,800		 Resources
Movement
expended
in funds
£
£
(618,859)
36,693
(81,824)
(8,835)
(3,824)
(3,824)
(5,606)
(5,606)
(1,307)
(1,307)
(5,000)
-
-
10,679
(2,000)
4,000
(99,561)
(4,893)
(718,420)
31,800
(4,893)
31,800

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Newent Association for the Disabled

Notes to the Financial Statements - continued For The Year Ended 31 October 2021

20. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Dial A Ride
Bathroom
Sheppard House
Bathroom Equipment
Rowland Trust
Barnwood Trust Trips 2021
Ernest hect Foundation
Edward Gosling Foundation
TOTAL FUNDS		 At
1.11.19
£
478,862
11,944
43,852
190,345
4,485
3,750
-
-
-
254,376
733,238		 Net
movement
in funds
£
55,389
(12,716)
(1,172)
(5,607)
(1,452)
-
2,340
12,000
5,000
(1,607)
53,782		 Transfers
between
funds
£
(15,360)
36,110
-
-
-
(3,750)
-
(12,000)
(5,000)
15,360
-		 At
31.10.20
£
518,891
35,338
42,680
184,738
3,033
-
2,340
-
-
268,129
787,020

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Dial A Ride
Bathroom
Sheppard House
Bathroom Equipment
Barnwood Trust Trips 2021
Ernest hect Foundation
Edward Gosling Foundation
TOTAL FUNDS		 Incoming
resources
£
644,282
72,991
-
(1)
-
2,340
12,000
5,000
92,330
736,612		 Resources
Movement
expended
in funds
£
£
(588,893)
55,389
(85,707)
(12,716)
(1,172)
(1,172)
(5,606)
(5,607)
(1,452)
(1,452)
-
2,340
-
12,000
-
5,000
(93,937)
(1,607)
(682,830)
53,782

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continued...

Newent Association for the Disabled

Notes to the Financial Statements - continued For The Year Ended 31 October 2021

20. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Dial A Ride
Bathroom
Sheppard House
Bathroom Equipment
Rowland Trust
Barnwood Trust Trips 2021
Ernest hect Foundation
Edward Gosling Foundation
Hartpury College Project
Carers Legacy Fund
TOTAL FUNDS		 At
1.11.19
£
478,862
11,944
43,852
190,345
4,485
3,750
-
-
-
-
-
254,376
733,238		 Net
movement
in funds
£
92,082
(21,551)
(4,996)
(11,213)
(2,759)
-
2,340
12,000
5,000
10,679
4,000
(6,500)
85,582		 Transfers
between
funds
£
(15,360)
36,110
-
-
-
(3,750)
-
(12,000)
(5,000)
-
-
15,360
-		 At
31.10.21
£
555,584
26,503
38,856
179,132
1,726
-
2,340
-
-
10,679
4,000
263,236
818,820

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,299,834 (1,207,752) 92,082
Restricted funds
Dial A Ride 145,980 (167,531) (21,551)
Bathroom - (4,996) (4,996)
Sheppard House (1) (11,212) (11,213)
Bathroom Equipment - (2,759) (2,759)
Mens Club 5,000 (5,000) -
Barnwood Trust Trips 2021 2,340 - 2,340
Ernest hect Foundation 12,000 - 12,000
Edward Gosling Foundation 5,000 - 5,000
Hartpury College Project 10,679 - 10,679
Carers Legacy Fund 6,000 (2,000) 4,000
186,998 (193,498) (6,500)
TOTAL FUNDS 1,486,832 (1,401,250) 85,582

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Newent Association for the Disabled

Notes to the Financial Statements - continued For The Year Ended 31 October 2021

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2021.

22. RESTRICTED FUNDS AND DESIGNATED FUNDS

SHEPPARD HOUSE

This represents the funds collected under the Freshfields campaign to build the day centre and equip its facilities.

DIAL-A RIDE

The charity receives funding from the Local Authority on the grounds it continues to provide transport for the disabled and elderly of the area and so these funds are restricted to this use.

BATHROOM PROJECT

The construction of bathing facilities at Sheppard House.

LLOYDS TSB FOUNDATION

This represents grants given specifically to fund the development of activities at Sheppard House for the benefit of attendees who can ultimately access these services through their personal budget.

BATHROOM REFURBISHMENT PROJECT

This represents capital grants from Gloucestershire County Council Community Building Improvement Scheme and the Summerfield Trust to provide new bathing facilities in the bathroom annex.

MENS CLUB

Funding from Zurich Plc towards staffing costs towards male activities.

ROWLAND TRUST

Funding of vehicle purchase.

HARTPURY COLLEGE PROJECT

Funding of day trips for clients to attend Hartpury College for tours around the college site.

CARERS LEGACY FUND

Funding of a support group for carers.

Page 23

Newent Association for the Disabled

Detailed Statement of Financial Activities For The Year Ended 31 October 2021

31.10.21 31.10.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 50,716 31,726
Grants 139,093 154,334
Covenant received from N A D Contracts Limited 41,140 25,688
Furlough Funding 61,100 93,287
292,049 305,035
Other trading activities
Fundraising events 899 851
Shop income 81,424 88,470
Recharge to trading subsidiary 180,631 156,111
Other - 14
262,954 245,446
Investment income
Rents received 20,662 18,497
Deposit account interest 19 122
20,681 18,619
Charitable activities
Dial-A-Ride Services 57,211 37,809
Community users 117,325 129,703
174,536 167,512
Total incoming resources 750,220 736,612
EXPENDITURE
Other trading activities
Wages 43,557 41,072
Rent & rates 12,602 10,503
Insurance 1,500 1,493
Light & heat 2,310 3,458
Telephone - 51
Printing, postage & stationery 1,841 2,106
Shop repairs & maintenance 335 192
Motor Expenses 32,296 27,700
Wages 124,314 97,747
Sundry 575 368
Fundraiser costs 14,750 9,800
Carried forward 234,080 194,490

This page does not form part of the statutory financial statements

Page 24

Newent Association for the Disabled

Other trading activities
Brought forward
Hire purchase
Charitable activities
Wages
Rent, rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Motor expenses
Repairs
Sundries
Food
Gardening and landscaping
Computer expenses
Advertising
Freehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Loss on sale of tangible fixed assets
Support costs
Governance costs
Accountancy fees
Additional services
Professional fees
Total resources expended
Net income		 Detailed Statement of Financial Activities
For The Year Ended 31 October 2021
31.10.21
31.10.20
£
£
234,080
194,490
460
-
234,540
194,490
332,590
328,562
2,480
2,376
4,183
6,055
6,466
5,157
4,673
6,678
1,967
1,900
51,428
73,077
10,283
4,580
9,563
9,613
5,846
6,522
2,010
-
2,044
1,112
2,544
960
10,787
10,787
1,815
1,002
3,654
3,933
14,806
15,857
(276)
(1,698)
466,863
476,473
2,875
2,800
6,264
4,587
7,878
4,480
17,017
11,867
718,420
682,830
31,800
53,782

This page does not form part of the statutory financial statements

Page 25