||Pacaee|
|---|---|
|Contents||
|Reference and Administrative<br>Details||
|Trustees'<br>Annual<br>Report|3-7|
|Independent<br>Examiner's<br>Report||
|Statement of Financial Activities||
|Balance Sheet|10|
|Notes to the Financial Statements|11-23|





## 

|||||||||
|---|---|---|---|---|---|---|---|
|Trustees|and Directors||I Alddidge|||||
||||D Bates|||||
||||R Clifford|||||
||||J Head|||||
||||BLang|||||
||||BO'Keefe|||||
||||J Parbrook|||||
|Company|Secretary||J Head|||||
||||(Appointed|17October|2022)|||
||||BO'Keefe|||||
||||(Appointed|1 August|2022 &|resigned|18 October|
||||2022)|||||
||||SClowes|||||
||||(resigned 31 July 2022)|||||
|General|Manager||I Atkinson|||||
|Principal|Office and Registered|Office|The Lane Centre|||||
||||Market House Lane|||||
||||Minehead|||||
||||Somerset|||||
||||TA24 5NW|||||



## 

|Independent|Examiner|Michelle Ferris BSc(Hons) FCA DChA|Michelle Ferris BSc(Hons) FCA DChA|
|---|---|---|---|
|||Albert Goodman<br>LLP||
|||Goodwood|House|
|||Blackbrook|Park Avenue|
|||Taunton||
|||Somerset||
|||TA1 2PX||





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||Unre-|Re-||Unre-|Re-||
|---|---|---|---|---|---|---|
|Notes|stricted|stricted|2023|stricted|stricted|2022|
||Funds|Funds|Total|Funds|Funds|Total|
|Income from:|||||||
|Donations<br>(including<br>grants)|114,007|17,000|131,007|130,601|6,000|136,601|
|Charitable<br>activities|19,205|31,667|50,872|108,158||108,158|
|Other trading<br>activities|8,070||8,070|3,325||3,325|
|Income from investments|501||501|11||11|
|Total|141,783|48,667|190,450|242,095|6,000|248,095|
|Expenditure<br>on:|||||||
|Charitable<br>activities<br>4|130,738|23,754|154,492|237,576|26,516|264,092|
|Total|130,738|23,754|154,492|237,576|26,516|264,092|
|Net income<br>/ (expenditure)|||||||
|for the year before transfers|11,045|24,913|35,958|4,519|(20,516)|(15,997)|
|Transfers<br>10|||||||
|Other recognised<br>gains/(losses):|||||||
|Land and buildings<br>revaluation|(26,000)||(26,000)||||
|Net movements<br>in funds|(14,955)|24,913|9,958|4,519|(20,516)|(15,997)|
|Reconciliation<br>offunds:|||||||
|Fund balances<br>brought<br>forward|191,823|11,004|202,827|187,304|31,520|218,824|
|Fund balances carried forward|176,868|35,917|212,785|191,823|11,004|202,827|





|||Notes||2023||2022|
|---|---|---|---|---|---|---|
|||||||F.|
|Fixed assets|||||||
|Tangible fixed assets||||107,880||135,668|
|Current assets|||||||
|Debtors||8|24,436||18,795||
|Cash at bank and in hand|||85,354||59,043||
||||109,790||77,838||
|Creditors|||||||
|Amounts<br>falling due within one year||9|(4,885)||(10,679)||
|Net current|assets|||104,905||67,159|
|Net assets||||212,785||202,827|
|Unrestricted|funds||||||
|General funds||10||94,368||83,323|
|Revaluation|reserve|10||76,500||102,500|
|Designated|funds|10||6,000||6,000|
|||||176,868||191,823|
|Restricted|funds|10||35,917||11,004|
|||||212,785||202,827|






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|Income from dona|tion|s<br>and legaci|es||||||
|---|---|---|---|---|---|---|---|---|
||||Unre-|Re-||Unre-|Re-||
||||stricted|stricted|Total|stricted|stricted|Total|
||||Funds|Funds|2023|Funds|Funds|2022|
||||E|6|6|F.|6||
|Donations<br>and legacies:|||||||||
|Individuals|||781||781|2,420||2,420|
|Community<br>groups|||2,600||2,600|2,268||2,268|
|Grants:|||||||||
|Somerset County Council-|||||||||
|Pubic Health<br>Funding*|||12,070||12,070|12,070|-|12,070|
|Operation<br>Boost'|||8,187||8,187|2,000||2,000|
|Household<br>Support Fund*|||540||540|29,160||29,160|
|The Fairfield Trust||||||16,500||16,500|
|Somerset West|||||||||
|&Taunton<br>Council*|||39,730||39,730|41,600||41,600|
|Clinical Commissioning|Group||12,250||12,250||||
|South Somerset Citizens Advice Bureau|||||||||
|- Mental<br>Health||||||2,050|-|2,050|
|Citizens Advice Sedgemoor||||||5,800||5,800|
|Citizens Advice Mendip|||20,279||20,279|7,553||7,553|
|Williton Town Council*||||||1,000|-|1,000|
|Watchet Town Council|- Fuel Project'|||2,000|2,000|-|6,000|6,000|
|Taunton<br>CA - Deb/Housing||Project|17,570||17,570||||
|Resettlement<br>Fund||||||8,180|-|8,180|
|Citizens Advice - Cost|of Living Grant|||15,000|15,000||||
||||114,007|17,000|131,007|130,601|6,000|136,601|





## 

||Unre-|Re-||Unre-|Re-||
|---|---|---|---|---|---|---|
||stricted|stricted|Total|stricted|stricted|Total|
||Funds|Funds|2023|Funds|Funds|2022|
|||f.|||6|6|
|Somerset Community|||||||
|Foundation||15,000|15,000||||
|Help to Claim||||26,266||26,266|
|Wessex Water|5,040||5,040|6,600||6,600|
|Contribution<br>to Team Leader Costs||||8,987||8,987|
|SCC - Local Assistance Scheme'|9,735||9,735|12,980||12,980|
|Citizens Advice - Open Mental Health||16,667|16,667|15,376||15,376|
|Citizens Advice - Maps Debt||||37,885||37,885|
|Citizens Advice - Somerset Cases|4,430||4,430||||
|Other small grants||||64||64|
||19,205|31,667|50,872|108,158||108,158|





## 

|4<br>Expenditure<br>|on ch|aritable<br>acti|vities||||||
|---|---|---|---|---|---|---|---|---|
||||Unre-|Re-||Unre-|Re-||
||||stricted|stricted|Total|stricted|stricted|Total|
||||Funds|Funds|2023|Funds|Funds|2022|
||||E||f|E|6||
|Premises costs|||||||||
|Light &heat|||3,663||3,663|1,742|2,500|4,242|
|Building repairs|||2,017||2,017|119|2,500|2,619|
|Premises insurance|||1,045||1,045|647||647|
|Water charges|||577||577|534||534|
|Business rates|||337||337|337||337|
|Office and administration||costs|||||||
|IT equipment<br>and support|||2,023||2,023|2,725|1,000|3,725|
|Depreciation<br>fixtures and equipment|||1,788||1,788|2,372||2,372|
|Bookkeeping<br>and payroll fees|||1,860||1,860|1,950||1,950|
|Postages|||1,179||1,179|1,626||1,626|
|Pdinting<br>and stationery|||1,471||1,471|2,013||2,013|
|Subscriptions<br>& information||systems|4,170||4,170|5,000||5,000|
|Telephone|||6,725||6,725|7,036|1,000|8,036|
|Photocopier Lease Costs|||1,369||1,369|619||619|
|Language<br>Line|||50||50|58||58|
|Office - Other|||476||476|728||728|
|Secure destruction|||463||463|371||371|
|Subsistence<br>&refreshments|||66||66|210||210|
|Volunteer costs|||286||286|915||915|
|Recruitment||||||301||301|
|Governance|||||||||
|Accountancy fees|||900||900|860||860|
|Independent<br>examiner|fees||1,180||1,180|1,100||1,100|
|Annual<br>Return fee|||46||46||||
|Legal and professional|fees||4,979||4,979|8,623||8,623|
|Trustee costs|||600||600|931||931|
|Indemnity<br>&trustee insurance||||||193||193|
|Other|||||||||
|Bank charges|||216||216|288||288|
|Disbursements||||||50||50|
|Miscellaneous|||162||162|263||263|
|Covid-19 costs||||||1,052||1,052|
|Resettlement<br>costs||||||8,180|2,638|10,818|
|Other - Publicity<br>and Promotion|||654||654||||
|Watchet Town Council|- Fuel Project|||2,925|2,925||4,996|4,996|
|Carried forward|||38,302|2,925|41,227|50,843|14,634|65,477|





## 

## 

|4<br>Expenditure<br>Staff costs|on charitable<br>act|ivities (cont.)||||||
|---|---|---|---|---|---|---|---|
|||Unre-|Re-||Unre-|Re-||
|||stricted|stricted|Total|stricted|stricted|Total|
|||Funds|Funds|2023|Funds|Funds|2022|
|||E|E|E|E|E|E|
|Brought forward||38,302|2,925|41,227|50,843|14,634|65,477|
|Direct wages and|salaries|90,148|20,829|110,977|181,392|11,882|193,274|
|Redundancy/settlement|||||1,687||1,687|
|Employer pension|contributions|1,973||1,973|3,068||3,068|
|Staff training||315||315|586||586|
|||92,436|20,829|113,265|186,733|11,882|198,615|
|Total||130,738|23,754|154,492|237,576|26,516|264,092|



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|Debtors|||
|---|---|---|
||2023|2022|
|Prepayments|1,527|1,085|
|Other debtors|22,909|17,710|
||24,436|18,795|



## 

|Creditors: amounts<br>falling due within one year|||
|---|---|---|
||2023|2022|
||E||
|Trade creditors|415|773|
|Other taxation and social security|1,550|3,398|
|Accruals|2,920|6,164|
|Other creditors||344|
||4,885|10,679|





## 

||||Funds|||Transfers||Funds|
|---|---|---|---|---|---|---|---|---|
||||brought|||&other||carried|
||||forward|||gains|/|forward|
||||01/04/22f|Incomef|Expenditure|(losses)f||31/03/23f|
|Unrestricted<br>funds|||||||||
|General|||||||||
|Unrestricted<br>Income Fund|||83,323|141,783|(130,738)|||94,368|
|Revaluation<br>Reserve|||102,500|||(26,000)||76,500|
||||185,823|141,783|(130,738)|(26,000)||170,868|
|Designated|||||||||
|Funding<br>Reserve|||6,000|||||6,000|
|Total Unrestricted|funds||191,823|141,783|(130,738)|(26,000)||176,868|
|Restricted funds|||||||||
|National<br>Lottery Fund|||10,000|||||10,000|
|Watchet Town Council|||||||||
|Fuel Project|||1,004|2,000|(3,004)||||
|Somerset Community||Foundation|||||||
|- Outreach||||5,000|(2,083)|||2,917|
|- Development||||10,000|(10,000)||||
|Citizens Advice -|Cost|of Living||15,000||||15,000|
|Citizens Advice -|OMH|||16,667|(8,667)|||8,000|
|Total Restricted funds|||11,004|48,667|(23,754)|||35,917|
|Total funds|||202,827|190,450|(154,492)|(26,000)||212,785|





## 

|Funds —Prior year|2022||||||
|---|---|---|---|---|---|---|
|||Funds||||Funds|
|||brought||||carried|
|||forward||||forward|
|||01/04/21<br>E|Income<br>E|Expenditure<br>E|Transfers<br>f|31/03/22|
|Unrestricted<br>funds|||||||
|General|||||||
|Unrestricted<br>Income Fund||78,804|242,095|(237,576)||83,323|
|Revaluation<br>Reserve||102,500||||102,500|
|||181,304|242,095|(237,576)||185,823|
|Designated|||||||
|Funding<br>Reserve||6,000||||6,000|
|Total Unrestricted<br>funds||187,304|242,095|(237,576)||191,823|
|Restricted funds|||||||
|National<br>Lottery Fund||10,000||||10,000|
|Watchet Town Council|||||||
|Fuel Project|||6,000|(4,996)||1,004|
|Carhampton<br>PC||1,000||(1,000)|||
|Somerset West and Taunton|||||||
|additional<br>grant||5,000||(5,000)|||
|Somerset Community|Foundation||||||
|Resettlement<br>grant||2,638||(2,638)|||
|WEBCHAT||2,667||(2,667)|||
|Somerset Community|Foundation||||||
|Social Cohesion||9,215||(9,215)|||
|Somerset County Council|||||||
|Food resilience||1,000||(1,000)|||
|Total Restricted funds||31,520|6,000|(26,516)||11,004|
|Total funds||218,824|248,095|(264,092)||202,827|





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## 

|||Unrestricted|Unrestricted|funds|Restricted|Total|
|---|---|---|---|---|---|---|
|||General|Designated||funds|funds|
|||||||2023f|
|Tangible|fixed assets|107,880||||107,880|
|Current|assets|67,873||6,000|35,917|109,790|
|Current|liabilities|(4,885)||||(4,885)|
|||170,868||6,000|35,917|212,785|
|Prior year net assets between funds|||||||
|||Unrestricted||funds|Restricted|Total|
|||General|Designated||funds|funds|
|||||||2022f|
|Tangible|fixed assets|135,668||||135,668|
|Current|assets|60,834||6,000|11,004|77,838|
|Current|liabilities|(10,679)||||(10,679)|
|||185,823||6,000|11,004|202,827|



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