Charity number: 1127001 Company number: 05935857
(England and Wales)
ARC (Axminster) Limited
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2022
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ARC (Axminster) Limited Contents Page For the year ended 31 December 2022
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|Report|of|the|Trustees|1|
|Independent|Examiners|Report to|the Trustees|2|
|Statement|of|Financial|Activities|3|
|Statement|of|Financial|Position|4|
|Notes|to|the|Financial|Statements|5|to|10|
|Detailed|Statementof Finandial|Activities|11|to|12|
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ARC (Axminster) Limited Report of the Trustees For the year ended 31 December 2022 The Trusteas, who are also directora for the purposes of company law, have Pleasure in presenting their report and the financla! statements for the charitable company for the yaar ended 31 December 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts In accordance with the Financlal Reporting Standard applicable In the UK and the Republic of Ireland (FRS 102) (effective 1 January 2018). OBJECTIVES AND ACTIVITIES The charitable objectives of the charity are to relieve the mental and physical sickness of persons resident In Axminster suffering from bereavement or loss by the provision of counselling and support for such persons. Objectives and aime The trustaes have considered the Charity Commision's guidance on public benefit, Including the gukdance ‘public benefit: running a charity (PB2)’. ACHIEVEMENTS AND PERFORMANCE For the year ended 31 December 2022 the Charity Shop has been open as usual with no Covid restricitons, The tumover continue.has Increased to over £40,000 compared to £26,000In the previous year and the trustees belleve this level of tumover will FINANCIAL REVIEW For the year ended 31 December 2022 the Charity's expenses exceeded income by £40,362 and surplus funds as at the timeyear end were £59,461 compared to £99,823at the end of the previous year. The trustees are aware of the defecit and part fundralsers are being used to apply for grants. Funds are also expected from local fundraisers. The charity |s also to recelve a legacy of £25,000 once probate has been agresd. The trustees believe a Reserve should be maintained at a minimum jevel which ensures that 3 months of the organisation's core activity could continue during a period of unforseen difficulty. For the current year this Is estimated to equate to £20,000. Current free reserves are £39,461. REFERENCE AND ADMINISTRATIVE INFORMATION Name of Charity ARC (Axminster) Limited Charity registration number 1127001 Company registration number 05935867 Principal address Axminster Medical Practica St Thomas Court, Church Street Axminster Devon EX13 64G Registered address 17 Castle Hif Aocminster Devon EX13 5PY Trustees The trustees and officers serving during the year and since the year end were aa follows: Mrs J Cole (Resigned: 01 September 2022) Mr J Waiden Mr C Hall (Resigned: 01 September 2022) Misa A Mcdonagh (Appointed: 01 January 2022) Mr G Pratt MrC GD Outlaw Dr B N McKenna 1 of 12
ARC (Axminster) Limited Report of the Trustees Continued For the year ended 31 December 2022
Independent examiner Mrs N Comellus (MAAT) Bay Tree Adsborough Taunton Somarset TA2 8RR Approved by the Board of Trustees and signed on its behalf by ¥ &—. 03 April 2023 Dr B N McKenna
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ARC (Axminster) Limited Independent Examiners Report to the Trustees For the year ended 31 December 2022
| raport to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2022.
Responsibilities and basis of report As the charity Trustees, who are also directors for the purposes of company law, are responsible for tha 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 aligible for independent examination, | report In reepect of my examination of your charity's accounts carried out under section 145 of the Charitles Act 2011 (‘tha 2011 Act’). In carrying out my examination | have followad the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving ma cause to believe that In any material respect
- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or 2. the accounte do not accord with those records; or 3. the accounts do not comply with the requiraments 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 charitles applicable to charities preparing thelr accounts In accordance with the Financlal Reporting Standard applicable in the UK and Repubilc of |raland (FRS 102).
| have no concerns and have come across no other matters in connection with the examination to which attantlon should be drawn in this report !n orderto enable a proper understanding of the accounts to be reached.
Mre N Cometius (MAAT) Bay Tree Adsborough Taunton Somerset TA2 8RR
03 April 2023
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ARC (Axminster) Limited Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 December 2022
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|Notes|Unrestricted|2021|
|funds|
|z|£|
|incomeDonations and and endowments legacies|from:|2|14,233|22,353|
|Other trading|activites|3|55,172|59,669|
|4|-|35,941|
|TotalOther|Income|69,405|117,963|
|ExpenditureCharitable|activitieson:|5/6|(109,767)|(107,101)|
|Total|(109,787)|(107,101)|
|Net income/expenditure|(40,362)|10,862|
|ReconciliationTotal funds broughtof funds forward|99,823|88,961|
|Total funds carried forward|69,461|99,823|
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40f 12
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Registered Number:
05935857
ARC (Axminster) Limited Statement of Financial Position As at 31 December 2022
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|Notes|2022|2021|
|£|£|
|Fixed|asseta|
|Tanglble assets|12|1,544|1,928|
|1,544|1,929|
|Current|assets|
|Debtors|13|428|4,802|
|Cash|at bank and|In hand|60,571|99,510|
|60,990|104,312|
|Creditors:|amounts|falling|due within one year|14|(3,082)|(3,418)|
|Not current assets|$7,917|97,804|
|Total|asaots|less current flabilities|59,481|99,823|
|Not assots|59,461|99,823|
|The funds of|the|charity|
|Unrestricted|Income funde|69,461|99,823|
|Total funds|59,461|99,823|
|For|the|year|ended|31|December|2022 the|company|was|antitiad|to|exemption|from|audit|under|saction|477|of|the|
|Companies Act|2006|relating|to|small|companies.|
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The members have not required the company to obtaln an audit of its accounta for the year In question in accordance with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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records and the preparation of accounts. These accounts have been prepared In accordance with the provisions applicable to companies subject to the smail companies’ regime.
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The financial statements were approved and authorised for issue by the Board and signed on Its behalf by: 6 oe Trustee
03 April 2023
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ARC (Axminster) Limited Notes to the Financial Statements For the year ended 31 December 2022
1. Accounting Policies
Basis of accounting
The financial statements heave been prepared under the historical cost convention, axcept for investments which are Included at market value and the revaluation of certain fixed assets and In accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice appilcabie to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financlal Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Repubilc of ireland (FRS 102), and the Companies Act 2006.
ARC (Axminetar) Limited meets the definition of a public benefit entity under FRS 102. Asseta end liabilities are initially recognised at historical cost or transaction value unless otherwiee stated In the relevant accounting poticy note(s).
Going concern
There are no indications that ARC (Axminster) Ltd wilt not continue in operational existence for the forseaable future.
Funds
Unrestricted funds are donations and other Incoming resources receivable or generated for the objects of the charity without further specific purpose and which the charity may use for Ite purpose at Ite discretion. ARC (Axminster) Limited only holda unrestricted funds.
Incoming resources
All incoming resources are incidued in the statament of financial activities when the charity is entitled ta the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to specific categories of income : Voluntary income is received by way of donations and gifts and Is Included in full in the statement of financial activities when recelvable.
Donated goods, services and facilities
Donated services and facilities are included at the value to the charity where thia can be quantified. The vaiue of services provided by volunteers has not been included.
Gifts donated for resale are included as Incoming resourcas within activities for generated funds when they are sold.
Donated gifts not auitable for re-sale within the charity shop are sold by weight. The proceeds from such gifts are included as recycling.
Resources expended
Expenditure is recognised on an accrual basis as a llabllity Is Incurred. Expenditure Includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costa of generating funds
Costs of generating funds comprise the coats associated with attracting voluntary Income and the costsof trading for fundraising purposes inciuding the charity's shop.
Charitable activites Charitable expenditure comprises those costs Incurred bythe[charity][in][ the][dellvery][of][its][activities][and][sarvicas][for][its] beneficiaries.
Allocation and appointment of costs
Charitable expenditure includes both costs that can be allocated directly to Individual activities and those costa of an indirect nature necessary to support them.
Tangble fixed asset
Tangible fixed assets, other than freehold land, are stated at cost or valuation jass depreciation and any provision for impairment. Depreciation !s provided at rates calculated to write off the cost or valuation offixed assets, less their estimated residual value, over their expected useful lives on the following basts:
Fixtures and Fittings
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20% Reducing balance
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ARC (Axminster) Limited Notes to the Financial Statements Continued For the year ended 31 December 2022
| 2. incomefrom donationsand legacies | ||
|---|---|---|
| 2022 | 2021 | |
| £ | é | |
| Unreatricted funds | ||
| Donationsreceived | 14,233 | 22,353 |
| 14,233 | 22,353 | |
| 3. Income eamed from other activities | ||
| 2022 | 2021 | |
| £ | £ | |
| Unrestricted funds | ||
| Fund ralsing Shopincome |
13,085 42,077 |
33,376 26,294 |
| $8,172 | 59,669 | |
| 4, OtherIncome | ||
| 2022 | 2021 | |
| g£ | £ | |
| Grants | - | 35,941 |
| - | 35,941 | |
| 5.Costs ofcharitable activities byfundtype | ||
| 2022 | 2021 | |
| £ | £ | |
| Unrestricted funds | ||
| Supportcosts | 109,767 | 107,401 |
| 6. Coste of charitableactivitiesbyactivitytype | ||
| 2022 | 2021 | |
| Support costs | £ | £ |
| Counselling Services CharityShop |
79,504 30,283 |
79,876 27,425 |
| 109,787 | 107,101 |
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ARC (Axminster) Limited Notes to the Financial Statements Continued For the year ended 31 December 2022
7. Analysis of support coats
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|---|---|---|---|---|
|Counselling|Charity Shop|2022|2021|
|Services|
|£|£|£|Fr|
|Management|78,217|19,787|97,984|90,337|
|Finance|80|212|302|240|
|IT|77|25|102|102|
|Property|-|8,806|8,806|14,632|
|Office|622|4,003|1,625|837|
|Governance costs|498|450|948|963|
|78,504|30,263|109,767|107,101|
|Income/(expenditure)|for the the|year|
|This|Is stated|after charging/(crediting):|2022|2021|
|£|£|
|Depreciation|of owned fixed|assets|385|482|
|Accountancy fees|728|678|
|Trustees'|remuneration|”|7,895|
|Trustees’ pansion contributions|-|355|
|Staff pansion|contributions|2,762|2,566|
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8, Not Income/(expenditure) for the the year
9. Staff costs and emoluments
Total staff costs for the year ended 31 Dacember 2022 were:
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|---|---|---|---|
|2022|2021|
|£|£|
|Salaries and wages|73,391|64,126|
|Pension|costa|2,752|2,921|
|76,143|67,047|
|2022|2021|
|Shop Employaes|2|4|
|2|4|
|;|
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ARC (Axminster) Limited Notes to the Financial Stataments Continued For the year anded 31 December 2022
41, Comparative for the Statament of Financia! Activities
The comparative year values on the Statement of Flnancial Activites are for unrestricted funds.
| 12. Tangible fixed assets | ||
|---|---|---|
| Fixturesand | ||
| Fittings | ||
| Cost or valuation | £ | |
| 2,924 | ||
| At01 January 2022 Revaluations At31 December2022 |
(385) 2,539 |
|
| Depreciation | 995 | |
| AtO1 January 2022 | 995 | |
| At31 December 2022 | ||
| Net book vatues | 1,544 | |
| At31 December2022 | ||
| At 31December2021 | 1,929 | |
| 13, Debtors | 2022 | 2021 |
| £ | £ | |
| Amounts due within one year: | 428 | 1,802 |
| Prepayments and accrued income | 428 | 1,802 |
| 44. Creditors: amounts fallingduewithin oneyear | ||
| 2022 | 2021 | |
| £ | £ | |
| Other creditors Accrualsanddeferredincome |
2,392 830 |
2,773 645 |
| 3,082 | 3,418 |
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ARC (Axminster) Limited Notas to the Financial Statements Continued For the year ended 31 December 2022
16, Analysis of net assets between funde
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Tangible Net current Net Aesets
fixed assote asects/
(Ilabliitles}
£ £ £
Unrestricted funds
General
General 1,544 57,917 59,461
1,544 §7,917 59,461
Previous year
Tangible Netcurrent Net Assots
fixed assets assots /
(llabIHtles)
£ £ £
Unrestricted funds
Genera!
Genaral 1,929 97,894 99,823
1,920 97,894 99,823
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17. Company limited by guarantee
ARC (Axminster) Limited Is a company limited by quarantee and accordingly does not have a share capital.
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ARC (Axminster) Limited Detalied Statement of Financial Activities For the year ended 31 December 2022
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|---|---|---|---|---|---|---|---|
|2022|2021|
|£|£|
|INCOME|AND|ENDOWMENT|
|Donations and|legacies|
|Donations|14,233|22,353|
|14,233|22,353|
|Other trading|activities|
|Fund|raising|13,005|33,375|
|Shop income|40,949|26,081|
|Auction|Proceeds|1,128|213|
|65,172|59,669|
|Other|Income|
|Grants|-|35,941|
|.|35,941|
|Total Incoming|resources|"69,408|117,863|
|SUPPORT COSTS|
|Management|
|Staff Coste|- wages &|salaries (Counselling|(55,681)|(46,249)|
|Services)|
|Staff costs - pension contributions|(Counselling|(2,705)|(2,561)|
|Services)|
|Trustee|- wages &|salaries|(Counealling|-|(7,895)|
|Services)|
|Trustee -|pension|contributions|(Counselling|-|(355)|
|Services)|
|Staff Training|(Counselling|Services)|(2,004)|(1,609)|
|Insurance|(Counselling|Services)|(625)|(1,055)|
|Subscriptions|(Counselling|Servicas)|(1,476)|(1,186)|
|Supervision & Locum|(Counselling|Services)|(13,458)|(12,814)|
|Fundralsing|Consultancy & Coste (Counselling|(2,268)|(5,148)|
|Services)|
|Staff costs|- wages & salaries|(Charity Shop)|(17,710)|(9,982)|
|Staff|costs|-|pension|contributions|(Charity Shop)|(47)|(4)|
|Legal,|Professional &|Subscriptions|(Charity|(1,285)|(1,243)|
|Shop)|
|Shop Locum|(Charity Shop)|(725)|(268)|
|(87,984)|(90,337)|
|Finance|
|Bank Charges (Counselling Services)|(90)|(90)|
|Bank Charges|(Charity|Shop)|(212)|(150)|
|IT|(302)|(240)|
|Payroll|Software|(Counselling|Services)|(77)|(77)|
|Payroll|Software|(Charity Shop)|(26)|(25)|
|(102)|(102)|
|Property|
|Rates & Water (Charity Shop)|(1,012)|(431)|
|Rent|(Charity Shop)|(8,000)|(7,800)|
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|Thia|page|does|not form|part|of the|statutory financlal|statements|
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ARC (Axminster) Limited
Detailed Statement of Financial Activities Continued For the year ended 31 December 2022
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|---|---|---|---|---|---|
|Light & Heat|(Charity Shop)|(84)|(954)|
|Genera!|Insurance|(Chartty Shop)|(342)|(182)|
|Subscriptions|(Charity Shop)|(277)|(280)|
|Repairs & Materials (Charity|Shop)|(1,081)|(4,985)|
|(8,806)|(14,632)|
|Office|
|Website|(Counselling|Services)|(143)|(124)|
|Equipment|Repairs|(Counselling|Services)|(479)|-|
|Depreciation|- owned|assets|(Charity Shop)|(385)|(482)|
|Telephone|(Charity Shop)|(618)|(231)|
|(1,625)|(837)|
|Governance costs|
|Accountancy|fees|(Counselling|Services)|(278)|(258)|
|Legal|fees|(Counselling|Services)|(220)|(275)|
|Accountancy fees|(Charity|Shop)|(460)|(420)|
|(948)|(953)|
|Total|resources|expended|{109,767}|(107,104)|
|Net Expenditure|(40,362)|18,862|
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12 of 12 This page does not form part of the statutory financial statements