**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 2022**
**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 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Statement of Financial Position**|8|to|9|
|**Statement of Cash Flows**||10||
|**Notes to the Statement of Cash Flows**||11||
|**Notes to the Financial Statements**|12|to|22|
|**Detailed Statement of Financial Activities**|23|to|24|
**Newent Association for the Disabled (Registered number: 04937256)**
## **Report of the Trustees For The Year Ended 31 October 2022**
## **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 2022**
## **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
Emerging from the constraints of the Pandemic we have had a strong demand for the day centre.
As you will see elsewhere in this report, over the past year the number of people choosing to use the Day Centre is increasing month by month. And it needs to be. As we are just, hopefully, coming out of an unprecedented global pandemic, which has affected those living with dementia, health problems and isolation particularly harshly, but, unfortunately, entering a period of great financial and economic uncertainty, we have therefore tried to hold our costings to the bare minimum despite increases in utilities, payroll and cost of food.
I'm pleased to say that this year we were finally able to resume many of our face-to-face services, providing help to those who were unable to attend the day centre or use the transport service.
The Dial a Ride service was severely impacted by the pandemic and is only now making a slow recovery to its original level of regular customers. The war in Ukraine has caused a knock-on effect to the cost of fuel, a lack of spare parts for vehicles when breakdowns occur and general running costs. The transport service we have provided for many years has never seen such unprecedented times.
The good news is that the shop in Newent has made an amazing bounce back post pandemic and is raising much needed funds towards the running of our projects.
Our CEO, staff and volunteers have been brilliant at responding to the challenges posed by Covid, quickly adapting to change, and going the extra mile to provide support to those most in need.
Page 2
**Newent Association for the Disabled (Registered number: 04937256)**
## **Report of the Trustees For The Year Ended 31 October 2022**
## **OBJECTIVES AND ACTIVITIES**
As ever, none of this would have been possible without your commitment and energy. We're truly grateful and it gives us great confidence that we can continue, together, to make a real difference.
## Chief Executive - Lyndon Biddle
During the last year our income grew by 9.5% which is excellent news in a very challenging time. Unfortunately, our costs rose by 18% in the same period. As a result, there was a deficit for the year of £25,307. Despite this, we invested in two new vehicles during the year. We have 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 continues to grow, 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, rising fuel costs, and general increases in costs in a time of high inflation. 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 increases slowly, and we need to ensure that 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 Charity's overall financial position at 31 October 2022 is considered satisfactory. 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.
## FINANCIAL REVIEW
During the last year our income grew by 9.5% 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 18% 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 balance the books operationally, with the deficit being mainly caused by depreciation of assets. We also invested in two new vehicles for our Community Transport operation.
Turnover for the financial year 2021/22 was just over £821,000 which is an increase on the previous year of just over £71,000. 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 bounced back very quickly from the effects of the pandemic. 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.
The overall income of the charity has grown steadily over the last 11 years. Our aim is to increase income in 2023 to take it past £1,000,000
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 and our shop has bounced back since Covid and continues to grow strongly. 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 and part of the challenge of 2022 has been replacing this income
Page 3
**Newent Association for the Disabled (Registered number: 04937256)**
## **Report of the Trustees For The Year Ended 31 October 2022**
## **OBJECTIVES AND ACTIVITIES**
We have consistently generated small surpluses over five of the last eight years. This changed in 2018 with a small loss. The loss continued, at a lower rate in 2019 as we began to turn the corner towards break even. Which we surpassed in 2020, generating a surplus and enabling some much-needed investment in new equipment. Some of the earlier losses in 2019 were caused by investment in new ventures and we are now reaping the rewards from this. Hence by 2021 we were generating a consistent small surplus. We also have come under rising cost pressure due to Government minimum wage legislation and company contributions to staff pensions. This culminated in a small loss in 2022 as we came out of the pandemic costs rose faster than income. This will be addressed in 2023, where we will once again return to surplus.
## Sheppard House
We offer a wide range of activities to all our clients. Each of the activities is tailored to the individual needs of our clients. Our aim is always to be client centred and make sure everyone who come to Sheppard House enjoys their time with us.
We found that the continuation of the Covid pandemic in 2021 made the national problem of loneliness even worse. In 2022 we made a huge effort to try and overcome this by growing the range of activities we offer at Sheppard House and make sure they are available to everyone.
## STAFFING, VOLUNTEERS AND COMMITMENT TO THE CHARITY
It was great to be able to renew the tradition in 2022 of our volunteers enjoying a well-earned meal served by our staff. We are lucky to have such a strong group of volunteers at the shop, Sheppard House and driving and this is our way of saying thank you to them.
## Conclusion
There has been a terrific amount of change is the last couple of years, with a global pandemic and then a war in Europe. This has had a big impact on us and caused a great deal of uncertainty, but we have found new ways to develop our charity and make sure we stay relevant to as many people as possible. We are beginning to reap the rewards for all our hard work as the future looks bright for our charity. We have much to be grateful for and we go into 2023 from a position of strength and ready for whatever may happen.
## **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
Page 4
**Newent Association for the Disabled (Registered number: 04937256)**
## **Report of the Trustees For The Year Ended 31 October 2022**
**Registered office** Sheppard House Onslow Road Newent Gloucestershire GL18 1TL
## **Trustees**
M P Edwards Training Manager Dr I A Cocks Retired Mrs M Woods Housewife (deceased 18.2.23) 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 21 July 2023 and signed on its behalf by:
Mrs P C Hales - Trustee
Page 5
## **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 2022.
## **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 member of the Institute of Chartered Accountants in England and Wales, 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
21 July 2023
Page 6
## **Newent Association for the Disabled**
## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) For The Year Ended 31 October 2022**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
95,399
**Charitable activities**
5
Sheppard House
151,382
Dial a Ride
117,372
Bathing Annex
5,534
Other trading activities
3
329,692
Investment income
4
23,851
**Total**
723,230
**EXPENDITURE ON**
**Raising funds**
Other trading activities
6
265,891
265,891
**Charitable activities**
7
Sheppard House
278,021
Dial a Ride
259,169
Bathing Annex
18,548
**Total**
821,629
**NET INCOME/(EXPENDITURE)**
(98,399)
**RECONCILIATION OF FUNDS**
Total funds brought forward
555,584
**TOTAL FUNDS CARRIED FORWARD**
457,185|Restricted
funds
£
98,575
-
-
-
-
-
98,575
-
-
5,606
14,476
5,401
25,483
73,092
263,236
336,328|31.10.22
Total
funds
£
193,974
151,382
117,372
5,534
329,692
23,851
821,805
265,891
265,891
283,627
273,645
23,949
847,112
(25,307)
818,820
793,513|31.10.21
Total
funds
£
292,049
79,209
92,914
2,413
262,954
20,681|
|---|---|---|---|
||||750,220|
||||234,540|
||||234,540
244,870
221,474
17,536|
||||718,420|
||||31,800
787,020|
||||818,820|
The notes form part of these financial statements
Page 7
## **Newent Association for the Disabled (Registered number: 04937256)**
## **Statement of Financial Position**
## **31 October 2022**
|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
£
354,097
500
354,597
3,298
97,700
493
34,424
135,915
(33,328)
102,587
457,184
457,184|Restricted
funds
£
224,642
-
224,642
-
-
-
111,687
111,687
-
111,687
336,329
336,329|31.10.22
Total
funds
£
578,739
500
579,239
3,298
97,700
493
146,111
247,602
(33,328)
214,274
793,513
793,513
457,184
336,329
793,513|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|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 8
continued...
## **Newent Association for the Disabled (Registered number: 04937256)**
## **Statement of Financial Position - continued 31 October 2022**
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 21 July 2023 and were signed on its behalf by:
P C Hales - Trustee
The notes form part of these financial statements
Page 9
## **Newent Association for the Disabled**
## **Statement of Cash Flows**
## **For The Year Ended 31 October 2022**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest element of hire purchase or
finance lease rental payments paid
Net cash (used in)/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
**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**|31.10.22
£
(1,036)
-
(1,036)
(39,796)
-
264
(39,532)
(40,568)
186,679
146,111|31.10.21
£
45,605
(460)
45,145
(22,789)
1,120
19
(21,650)
23,495
163,184
186,679|
|---|---|---|
The notes form part of these financial statements
Page 10
**Newent Association for the Disabled**
## **Notes to the Statement of Cash Flows For The Year Ended 31 October 2022**
## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**ACTIVITIES**|||
|---|---|---|
||31.10.22|31.10.21|
||£|£|
|**Net (expenditure)/income for the reporting period (as per the**|||
|**Statement of Financial Activities)**|(25,307)|31,800|
|**Adjustments for:**|||
|Depreciation charges|34,712|31,062|
|Profit on disposal of fixed assets|-|(276)|
|Interest received|(264)|(19)|
|Interest element of hire purchase and finance lease rental payments|-|460|
|Increase in stocks|(146)|(560)|
|Increase in debtors|(15,290)|(18,811)|
|Increase in creditors|5,259|1,949|
|**Net cash (used in)/provided by operations**|(1,036)|45,605|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.11.21|Cash flow|At 31.10.22|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|186,679|(40,568)|146,111|
||186,679|(40,568)|146,111|
|**Liquid resources**||||
|Deposits included in cash|-|-|-|
|Current asset investments|493|-|493|
||493|-|493|
|**Total**|187,172|(40,568)|146,604|
The notes form part of these financial statements
Page 11
**Newent Association for the Disabled**
## **Notes to the Financial Statements For The Year Ended 31 October 2022**
## **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.
Page 12
continued...
**Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2022**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. DONATIONS AND LEGACIES**
|Donations
Grants
Covenant received from N A D Contracts Limited
Furlough Funding
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Shop income
Recharge to trading subsidiary
**4.**
**INVESTMENT INCOME**
Rents received
Deposit account interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Sheppard
Dial a
House
Ride
£
£
Dial-A-Ride Services
-
85,614
Community users
151,382
31,758
151,382
117,372|Bathing
Annex
£
3,180
2,354
5,534|31.10.22
£
58,642
99,874
35,458
-
193,974
31.10.22
£
725
122,692
206,275
329,692
31.10.22
£
23,587
264
23,851
31.10.22
Total
activities
£
88,794
185,494
274,288|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|
|---|---|---|---|
Page 13
continued...
**Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2022**
## **6. OTHER TRADING ACTIVITIES**
|**6.**|**OTHER TRADING ACTIVITIES**||||
|---|---|---|---|---|
||||31.10.22|31.10.21|
||||£|£|
||Staff costs||48,986|43,557|
||Rent & rates||14,012|12,602|
||Insurance||1,620|1,500|
||Light & heat||2,557|2,310|
||Printing, postage & stationery||2,025|1,841|
||Shop repairs & maintenance||1,899|335|
||Motor Expenses||34,430|32,296|
||Wages||135,343|124,314|
||Sundry||840|575|
||Fundraiser costs||24,179|14,750|
||Interest payable and similar charges||-|460|
||||265,891|234,540|
|**7.**|**CHARITABLE ACTIVITIES COSTS**||||
||||Support||
|||Direct|costs (see||
|||Costs|note 8)|Totals|
|||£|£|£|
||Sheppard House|273,472|10,155|283,627|
||Dial a Ride|273,645|-|273,645|
||Bathing Annex|23,949|-|23,949|
|||571,066|10,155|581,221|
|**8.**|**SUPPORT COSTS**||||
|||||Governance|
|||||costs|
|||||£|
||Sheppard House|||10,155|
|**9.**|**NET INCOME/(EXPENDITURE)**||||
||Net income/(expenditure) is stated after charging/(crediting):||||
||||31.10.22|31.10.21|
||||£|£|
||Depreciation - owned assets||34,713|31,062|
||Surplus on disposal of fixed assets||-|(276)|
Page 14
continued...
**Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2022**
## **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 2022 nor for the year ended 31 October 2021.
## **11. STAFF COSTS**
||31.10.22|31.10.21|
|---|---|---|
||£|£|
||||
|Wages and salaries|566,593|500,461|
||||
|The average monthly number of employees during the year was as follows:
31.10.22
Sheppard House
16
Transport
25
Charity shop
2
43||31.10.21
16
20
2
38|
No employees received emoluments in excess of £60,000.
Staff costs include Employers National insurance costs of £29,268 (2021 : £26,228). There are a large number of part time employees and the average full time equivalent is 34 (2021 : 27) employees.
## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
197,381
**Charitable activities**
Sheppard House
79,209
Dial a Ride
92,914
Bathing Annex
2,413
Other trading activities
262,954
Investment income
20,681
**Total**
655,552
**EXPENDITURE ON**
**Raising funds**
Other trading activities
234,540|Restricted
funds
£
94,668
-
-
-
-
-
94,668
-|Total
funds
£
292,049
79,209
92,914
2,413
262,954
20,681|
|---|---|---|
|||750,220|
|||234,540|
Page 15
continued...
## **Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2022**
## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|Unrestricted
funds
£
234,540
**Charitable activities**
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
£
-
12,606
81,824
5,131
99,561
(4,893)
268,129
263,236|Total
funds
£
234,540
244,870
221,474
17,536|
|---|---|---|
|||718,420|
|||31,800
787,020|
|||818,820|
## **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.
## **14. TANGIBLE FIXED ASSETS**
|**COST**
At 1 November 2021
Additions
At 31 October 2022
**DEPRECIATION**
At 1 November 2021
Charge for year
At 31 October 2022
**NET BOOK VALUE**
At 31 October 2022
At 31 October 2021|Freehold
property
£
743,446
-
743,446
263,435
10,788
274,223
469,223
480,011|Plant and
machinery
£
20,720
3,909
24,629
4,382
2,025
6,407
18,222
16,338|Fixtures
and
fittings
£
144,786
4,487
149,273
111,898
3,726
115,624
33,649
32,888|Motor
vehicles
Totals
£
£
273,333
1,182,285
31,400
39,796
304,733
1,222,081
228,914
608,629
18,174
34,713
247,088
643,342
57,645
578,739
44,419
573,656|Motor
vehicles
Totals
£
£
273,333
1,182,285
31,400
39,796
304,733
1,222,081
228,914
608,629
18,174
34,713
247,088
643,342
57,645
578,739
44,419
573,656|
|---|---|---|---|---|---|
||||||608,629
34,713|
||||||643,342|
||||||578,739|
||||||573,656|
Included in cost or valuation of land and buildings is freehold land of £161,456 (2021 - £161,456) which is not depreciated.
Page 16
continued...
**Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2022**
## **15. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**|||||
|---|---|---|---|---|
||31.10.22|31.10.21|||
||£|£|||
|Shares|1|||1|
|Loans|499||499||
||500||500||
|||Shares in|||
|||group|||
|||undertakings|||
|||£|||
|**MARKET VALUE**|||||
|At 1 November 2021 and|||||
|31 October 2022||||1|
|**NET BOOK VALUE**|||||
|At 31 October 2022||||1|
|At 31 October 2021||||1|
|||Loans||to|
|||group|||
|||undertakings|||
|||£|||
|At 1 November 2021 and|||||
|31 October 2022|||499||
|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|||||
||%||||
|Class of share:|holding||||
|Ordinary|100||||
||31.10.22|31.10.21|||
||£|£|||
|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 2022 totalled £206,274 (2021: £180,631). At the year end £44,790, including the covenanted profits of £35,458 were owed to the Charity (2021: £46,213).
Page 17
continued...
**Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2022**
|**16.**|**STOCKS**|||||
|---|---|---|---|---|---|
|||||31.10.22|31.10.21|
|||||£|£|
||Stocks|||3,298|3,152|
|**17.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||31.10.22|31.10.21|
|||||£|£|
||Trade debtors|||47,502|31,259|
||Amounts owed by group undertakings|||44,790|46,213|
||VAT|||145|-|
||Prepayments and accrued income|||5,263|4,937|
|||||97,700|82,409|
|**18.**|**CURRENT ASSET INVESTMENTS**|||||
|||||31.10.22|31.10.21|
|||||£|£|
||Listed investments|||493|493|
||The market value of the shares had not significantly varied in|value at the||balance sheet date.||
|**19.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||31.10.22|31.10.21|
|||||£|£|
||Trade creditors|||20,655|14,516|
||Social security and other taxes|||10,373|8,621|
||VAT|||-|1,699|
||Accruals and deferred income|||2,300|3,233|
|||||33,328|28,069|
|**20.**|**MOVEMENT IN FUNDS**|||||
|||||Net||
||||At|movement|At|
||||1.11.21|in funds|31.10.22|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund|555,584||(98,400)|457,184|
||**Restricted funds**|||||
||Dial A Ride||26,503|79,121|105,624|
||Bathroom||38,856|1,155|40,011|
||Sheppard House|179,132||(5,607)|173,525|
||Bathroom Equipment||1,726|(1,576)|150|
||Barnwood Trust Trips 2021||2,340|-|2,340|
||Hartpury College Project||10,679|-|10,679|
||Carers Legacy Fund||4,000|-|4,000|
|||263,236||73,093|336,329|
||**TOTAL FUNDS**|818,820||(25,307)|793,513|
Page 18
continued...
**Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2022**
## **20. MOVEMENT IN FUNDS - continued**
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
**TOTAL FUNDS**|Incoming
resources
£
723,230
93,597
4,979
(1)
-
98,575
821,805|Resources
Movement
expended
in funds
£
£
(821,630)
(98,400)
(14,476)
79,121
(3,824)
1,155
(5,606)
(5,607)
(1,576)
(1,576)
(25,482)
73,093
(847,112)
(25,307)|
|---|---|---|
## **Comparatives for 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|
Page 19
continued...
**Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2022**
## **20. MOVEMENT IN FUNDS - continued**
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
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|
|---|---|---|
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
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
£
(61,707)
70,286
(2,669)
(11,213)
(2,883)
-
10,679
4,000
68,200
6,493|At
31.10.22
£
457,184
105,624
40,011
173,525
150
2,340
10,679
4,000|
|---|---|---|---|
||||336,329|
||||793,513|
Page 20
continued...
**Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2022**
## **20. MOVEMENT IN FUNDS - continued**
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|1,378,782|(1,440,489)|(61,707)|
|**Restricted funds**||||
|Dial A Ride|166,586|(96,300)|70,286|
|Bathroom|4,979|(7,648)|(2,669)|
|Sheppard House|(1)|(11,212)|(11,213)|
|Bathroom Equipment|-|(2,883)|(2,883)|
|Mens Club|5,000|(5,000)|-|
|Hartpury College Project|10,679|-|10,679|
|Carers Legacy Fund|6,000|(2,000)|4,000|
||193,243|(125,043)|68,200|
|**TOTAL FUNDS**|1,572,025|(1,565,532)|6,493|
## **21. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 October 2022 & 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.
## 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 21
continued...
**Newent Association for the Disabled**
**Notes to the Financial Statements - continued For The Year Ended 31 October 2022**
## **22. RESTRICTED FUNDS AND DESIGNATED FUNDS - continued**
BARNWOOD TRUST TRIPS Funding of day trips for clients.
Page 22
## **Newent Association for the Disabled**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**For The Year Ended 31 October 2022**|||
||31.10.22|31.10.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|58,642|50,716|
|Grants|99,874|139,093|
|Covenant received from N A D Contracts|||
|Limited|35,458|41,140|
|Furlough Funding|-|61,100|
||193,974|292,049|
|**Other trading activities**|||
|Fundraising events|725|899|
|Shop income|122,692|81,424|
|Recharge to trading subsidiary|206,275|180,631|
||329,692|262,954|
|**Investment income**|||
|Rents received|23,587|20,662|
|Deposit account interest|264|19|
||23,851|20,681|
|**Charitable activities**|||
|Dial-A-Ride Services|88,794|57,211|
|Community users|185,494|117,325|
||274,288|174,536|
|**Total incoming resources**|821,805|750,220|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Wages|48,986|43,557|
|Rent & rates|14,012|12,602|
|Insurance|1,620|1,500|
|Light & heat|2,557|2,310|
|Printing, postage & stationery|2,025|1,841|
|Shop repairs & maintenance|1,899|335|
|Motor Expenses|34,430|32,296|
|Wages|135,343|124,314|
|Sundry|840|575|
|Fundraiser costs|24,179|14,750|
|Hire purchase|-|460|
||265,891|234,540|
|**Charitable activities**|||
|Wages|378,317|332,590|
|Carried forward|378,317|332,590|
This page does not form part of the statutory financial statements
Page 23
## **Newent Association for the Disabled**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**For The Year Ended 31 October 2022**|||
||31.10.22|31.10.21|
||£|£|
|**Charitable activities**|||
|Brought forward|378,317|332,590|
|Rent, rates and water|2,049|2,480|
|Insurance|4,414|4,183|
|Light and heat|7,874|6,466|
|Telephone|3,063|4,673|
|Postage and stationery|2,339|1,967|
|Motor expenses|91,043|51,428|
|Repairs|9,834|10,283|
|Sundries|15,388|9,563|
|Food|11,111|5,846|
|Gardening and landscaping|1,267|2,010|
|Computer expenses|5,417|2,044|
|Advertising|4,238|2,544|
|Freehold property|10,787|10,787|
|Plant and machinery|2,025|1,815|
|Fixtures and fittings|3,726|3,654|
|Motor vehicles|18,174|14,806|
|Loss on sale of tangible fixed assets|-|(276)|
||571,066|466,863|
|**Support costs**|||
|**Governance costs**|||
|Accountancy fees|3,025|2,875|
|Additional services|3,831|6,264|
|Professional fees|3,299|7,878|
||10,155|17,017|
|Total resources expended|847,112|718,420|
|**Net (expenditure)/income**|(25,307)|31,800|
This page does not form part of the statutory financial statements
Page 24