Company registration number 06273067
EVERY LINK COUNTS
COMPANY LIMITED BY GUARANTEE
UNAUDITED FINANCIAL STATEMENTS
31 MARCH 2022
Charity number 1122612
EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
| CONTENTS | PAGE |
|---|---|
| Trustees’ Report | 2 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities (incorporating the Income and Expenditure Account) | |
| 6 | |
| Balance Sheet | 7 |
| Notes to the financial statements | 8 |
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 MARCH 2022
The trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the unaudited financial statements of the charitable company (the charity) for the year ended 31 March 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Every Link Counts Charity registration number 1122612 Company registration number 06273067 Principal Office and Registered Office Office 26, Maesteg Business Centre Heol Ty Gwyn Industrial Estate Maesteg Bridgend CF34 0BQ
THE TRUSTEES
The trustees who served during the year were as follows:
Miss Adele Gilmour (Trustee only) Mrs Christine Thomas (Director and Trustee) Mr Mark Fairclough (Trustee only) Mr TD Barrett (Director and Trustee, resigned 21.04.2021) Mr Andrew McLean (Trustee only) Mr Christopher Runnells (Trustee only) Mr Liam Tomlin (Trustee only) Mrs Lisa Poucher (Trustee only)
Secretary
Mr SR Donovan
Independent examiner
Quiff Accountancy Limited 32 Rhodfa Mes Broadlands Bridgend CF31 5BF
Bankers
Co-operative Bank plc PO Box 250 Skelmersdale WN8 6WT
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 MARCH 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Trustees are appointed by the board of trustees and serve for one year after which period they may put themselves forward for re-appointment. The trustees meet regularly but there are subgroups, who report to the full board of trustees. The charity is governed by a Constitution adopted 24 June 1993 as amended 12 May 1994 and 4 October 2000.
The charity is run by the trustees and all decisions are made by them.
The charity reviews the risks to which it is exposed regularly and the trustees take steps to ensure that these risks are kept to a minimum.
OBJECTIVES AND ACTIVITIES
The core aim of the charity is
- To relieve and assist people with learning difficulties who live in the County of Bridgend. In particular to provide support for such people in their everyday activities with a view to them taking part and being included in all aspects of community life without distinction as to race, age, sex, political, religious or other opinions.
ACHIEVEMENTS AND PERFORMANCE
In the year to 31 March 2022, Every Link Counts has provided various learning and life skill opportunities through a successful project funded by the Lottery, which has resumed after the Covid 19 pandemic. In planning the activities for the year the charity kept in mind the Charity Commission guidance on public benefit.
The charity secured awards in the previous financial year which enabled young disabled people to take part in leisure activities and to form a members forum. These activities have continued through the financial year and into the new financial year on a social basis due to donations received. The charity is now in a position whereby it employs a youth development worker through the profits generated by the social enterprises to lead a project for people with learning disabilities.
FINANCIAL REVIEW
The charity has experienced an increase in incoming resources during the year which is due to monies being gift aided up from it’s trading arms. The charity has kept a tight rein on its expenditure during the year.
Reserves policy
The directors have established a policy whereby unrestricted funds not committed or invested in tangible fixed assets held by the charity will not fall below £120,000 due to the start-up of a new project and the Covid 19 pandemic crystalising the need for the increased reserve. To this effect the charity has set up a designated fund of £120,000 to be released over the next three years at which point the project should be self funding.
PLANS FOR FUTURE PERIODS
The charity is looking to consolidate its social enterprises which will assist the charity in moving forward to self sustainability, furthering the charitable cause.
First Link Trading and Link up Care have been set up as trading arms. Link Up Care employs personal assistants to support people with disabilities in the community.
These two social enterprises are making profits which are then gift aided to the charity.
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 MARCH 2022
VOLUNTEERS
The committee would like to extend its gratitude and a big thank you to our volunteers for their co-operation.
COVID-19
At the onset of the pandemic in March 2020 the Trustees decided that, following Government Guidelines, all group activities should be suspended. As the main aim of the Charity is to provide social leisure and life skill activities in group formats to adults with learning disabilities it was felt that for the safety of all members and staff we would not re-start activities until it was safe to do so.
The Big Lottery (People and Places), who fund a project for monthly workshops, were contacted and it was agreed that funding could be held over until it could continue in a safe environment and when Government guidelines permitted.
RESPONSIBILITIES OF THE TRUSTEES
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for that year. Under the law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
REPORTING ACCOUNTANTS
Quiff Accountancy Limited with continue in office as reporting accountants for the ensuing year.
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 MARCH 2022
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Registered Office: Office 26, Maesteg Business Centre Heol Ty Gwyn Industrial Estate Maesteg Bridgend CF34 0BQ
Signed by order of the trustees
S Donovan Company Secretary
DATE:29 December 2022
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF EVERY LINK COUNTS
YEAR ENDED 31 MARCH 2022
In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, I have compiled the financial statements of the company which comprise the Statement of Financial Activities, the Balance Sheet and the related notes from the accounting records and information and explanations your have given us.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act), and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the Charites Act; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name S Howard on Behalf of Quiff Accountancy Limited
Quiff Accountancy Limited 32 Rhodfa Mes Broadlands Bridgend CF31 5BF
Relevant professional qualification or body:FCCA
Date: 30 December 2022
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 MARCH 2022
| Note | Unrestricted | Restricted | Total funds | Total Funds | |
|---|---|---|---|---|---|
| Funds | Funds | 31.03.2022 | 31.03.2021 | ||
| INCOMING RESOURCES | |||||
| Income from | |||||
| Donations | 2 | 87,307 | - | 87,307 | 99,519 |
| Charitable | |||||
| activities | 2 | - | - | - | - |
| Investments | 3 | - | - | - | - |
| TOTAL | 87,307 | - | 87,307 | 99,519 | |
| RESOURCES EXPENDED | |||||
| Expenditure on | |||||
| Charitable activities | 4 | 33,151 | 3,835 | 36,986 | 22,340 |
| Other | 6 | 480 | - | 480 | 480 |
| TOTAL | 33,631 | 3,835 | 37,466 | 22,930 | |
| NET | |||||
| INCOME/(EXPENDITURE) | 7 | 53,676 | (3,835) | 49,841 | 76,699 |
| Reconciliation of funds | |||||
| Total funds brought forward | 155,326 | 3,857 | 159,183 | 82,484 | |
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 209,022 | 22 | 209,024 | 159,183 |
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 8 to 11 form part of these financial statements.
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
YEAR ENDED 31 MARCH 2022
| Note Fixed Assets Current Assets 10 Debtors 11 Cash at bank Creditors:amounts falling due within one year 12 Net Current Assets Net Assets Funds Restricted Income funds Unrestricted income funds 13 Unrestricted designated funds Total Funds 14 |
Year ended 31.03.2022 447 610 209,533 210,143 (1,566) 208,577 209,024 22 89,002 120,000 209,024 |
Year ended 31.03.2021 285 1,830 157,838 159,668 (770) 158,898 159,183 3,857 35,326 120,000 159,183 |
Year ended 31.03.2021 285 1,830 157,838 159,668 (770) 158,898 159,183 3,857 35,326 120,000 159,183 |
Year ended 31.03.2021 285 1,830 157,838 159,668 (770) 158,898 159,183 3,857 35,326 120,000 159,183 |
|---|---|---|---|---|
| 210,143 (1,566) |
||||
| 159,183 | ||||
| 3,857 35,326 120,000 |
||||
| 159,183 |
The trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.
The trustees acknowledge their responsibilities for:
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ensuring that the company keeps adequate accounting records which comply with section 386 of the Act, and
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preparing the financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the members of the committee on the 29 December 2022 and are signed on their behalf by:
Mr Richard Poucher Director/Trustee
Mrs Christine Thomas Director/Trustee
Company Registration Number: 06273067
The notes on pages 8 to 11 form part of these financial statements.
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice:Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Charities Act 2011.
Cash flow statement
The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the company is small.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment 33.33% & 25% reducing balance basis Fixtures & Fittings 15% reducing balance basis
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. The charity has designated £120,000 to cover the set up and first three years running cost of a new project, these will be utilised over the life of the project.
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.
Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is recognised on an accruals basis and has been classified under headings that aggregate all costs relating 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 include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity.
.
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
2. Donations and Charitable activities
| Total unrestricted funds Total restricted funds £ £ Donations Donations 87,307 - Grants receivable Sports Lottery - - Main Grants - - People’s Health Trust - - 87,307 - Investment income Total unrestricted funds Total restricted funds £ £ Bank interest receivable - - - - Costs of charitable activities by activity type Activities undertaken directly Support costs £ £ Main Grants 3,824 - Peoples Health - - Sports Lottery - - Cornelly Riders 278 - Other 21,969 10,915 Ticket for Life - - 26,071 10,915 |
Total funds 2022 £ 87,307 - - - 87,307 Total funds 2022 £ - - Total funds 2022 £ 3,824 - - 278 32,884 - 36,986 |
Total funds 2021 £ 99,519 - - - |
|
|---|---|---|---|
| 99,519 | |||
| Total funds 2021 £ - - |
|||
| Total funds 2021 £ 1,392 - - 19 20,929 - |
|||
| 22,340 |
3. Investment income
4. Costs of charitable activities by activity type
5. Support Cost Allocation
The support costs have been allocated on the following basis:
| Cost £ | ||
|---|---|---|
| Printing, postage and stationery | Usage basis | 44 |
| Advertising | Usage basis | - |
| Telephone | Usage basis | - |
| Rent and rates | Floor area basis | 10,257 |
| Room hire | Usage basis | 45 |
| Repairs | Usage basis | - |
| Depreciation | Usage basis | 138 |
| Insurance | Usage basis | 431 |
| 10,915 |
6. Support costs
| Unrestricted | Total funds | Total funds | |
|---|---|---|---|
| Funds | 2022 | 2021 | |
| Governance | £ | £ | £ |
| Accountancy fees | 480 | 480 | 480 |
| AGM | - | - | - |
| Christmas party | - | - | - |
| Bank charges | - | - | - |
| 480 | 480 | 480 |
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
7. Net incoming/outgoing resources
This is stated after charging:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Depreciation –owned assets | 138 | 86 |
| Accountancy fee | 480 | 480 |
There was no trustees’ remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
There were no trustees’ expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
8. Taxation
As a registered charity, Every Link Counts is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
9. Staff Costs
| Staff Costs | ||
|---|---|---|
| Wages and salaries Pensions Social security costs |
2022 £ 23,534 464 - 23,998 |
2021 £ 14,784 380 - |
| 15,164 |
Particulars of employees:
The average number of employees during the year, calculated on the basis of full-time equivalents, were as follows:
| Number of administrative staff | 1 |
|---|---|
| Number of Training & Activity staff | - |
| 1 |
No employee received remuneration of more than £60,000 during the year (2019-Nil)
10. Tangible Fixed Assets
| Tangible Fixed Assets | |
|---|---|
| Plant and | |
| Machinery etc | |
| Total £ | |
| Cost | |
| At 01 April 2021 | 20,062 |
| Additions | 300 |
| Disposals | - |
| At 31 March 2022 | 20,362 |
| Depreciation | |
| At 01 April 2021 | 19,777 |
| Charge for year | 138 |
| Eliminated on disposal | - |
| At 31 March 2022 | 19,915 |
| Net book value | |
| At 31 March 2022 | 447 |
| At 31 March 2021 | 285 |
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
11. Debtors:Amounts falling due within one year
| Total unrestricted funds Total restricted funds Total funds 2022 £ £ £ Other debtors 610 - 610 Creditors:Amounts falling due within one year Total unrestricted funds Total restricted funds Total funds 2022 £ £ £ Paye and social security 1,086 - 1,086 Other creditors 480 - 480 1,566 - 1,566 |
Total funds 2021 £ 1,830 |
|---|---|
| Total funds 2021 £ 290 480 |
|
| 770 |
12. Creditors:Amounts falling due within one year
13. Movement in funds
| At General funds Community Voice Sports Lottery Ticket for Life Main Grants Peoples Health |
01.04.21 Incoming resources Expenditure £ £ £ 155,326 87,307 33,631 33 - 11 - - - - - - 3,824 - 3,824 - - - 159,183 87,307 37,466 |
At 31.03.22 £ 209,002 22 - - - - |
|---|---|---|
| 209,024 |
14. Analysis of Net Assets between Funds
| Unrestricted | Restricted | Year ended | Year ended | |||
|---|---|---|---|---|---|---|
| funds | funds | 31.03.22 | 31.03.21 | |||
| £ | £ | £ | £ | |||
| Fixed assets | 425 | 22 | 447 | 285 | ||
| Debtors | 610 | - | 610 | 1,830 | ||
| Cash at | Bank | and in | 209,533 | - | 209,533 | 157,838 |
| hand | ||||||
| Other | Net | Current | (1,566) | - | (1,566) | (770) |
| liabilities | ||||||
| 155,326 | 3,857 | 209,024 | 159,183 |
15. Related Party Transactions
The directors of Every Link Counts are also the directors of the trading arm “First Link Trading Limited”. A total of £517 (2021-£1,501) was received from First Link Trading during the year. The directors are also the board of Link up Care. A total of £75,427 (2021-£56,075) was received from Link up Care during the year.
16. Company Limited by Guarantee
The company is a registered charity and as such is limited by guarantee. There is no issued share capital and in the event of winding up the members are limited to £1.00 each.
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EVERY LINK COUNTS, COMPANY LIMITED BY GUARANTEE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2022
| INCOMING RESOURCES Income Donations Grants Youth Project trips Investment income Deposit account interest received Total incoming resources RESOURCES EXPENDED Costs of generating funds – Charitable activities Wages Pension Training and workshops Transport Management fees General costs Subscription Trips Volunteer expenses Governance costs AGM Christmas party Bank charges Accountancy Support costs Management Insurance Postage and stationery Advertising Telephone Depreciation Room hire Repairs Rent and rates Total resources expended NET SURPLUS |
2022 £ 87,307 - - 87,307 - - 87,307 23,534 464 563 305 - 45 - 365 795 - - - 480 26,551 431 44 - - 138 45 - 10,257 10,915 37,466 49,841 |
2021 £ 99,519 - - |
|---|---|---|
| 99,519 - |
||
| - | ||
| 99,519 14,784 380 - 1,376 - - - - 19 - - - 480 |
||
| 17,039 431 - - 21 86 - - 5,243 |
||
| 5,781 | ||
| 22,820 | ||
| 76,699 |
This page does not form part of the statutory financial statements
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