| Page | |||
|---|---|---|---|
| Reference and Administrative Detags |
|||
| Report ofthe Trustees | 2 | to | 7 |
| Report ofthe Independent Auditors |
8 | to | 10 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 12 | ||
| Cash Flow Statement | 13 | ||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 24 |
| TRUSTEES: | Mrs Laura Higgins | ||||
|---|---|---|---|---|---|
| Mrs Eileen Maher | |||||
| Mr Jonathan Wright - Chair | |||||
| Mr Philip John Campbell | |||||
| Mrs Annabel Osborn |
|||||
| Dr Philip Gerard McCarthy | (Appointed | 3 September 2022) | |||
| CHIEFEXE~; | Mr Stephen Sharpe (Resigned | 4April | 2022) | ||
| Mrs Kerry Smart (Appointed | 9 | May 2022) | |||
| REGISTERED OFFICE: | 4 Jephson Court | ||||
| Tancred Close | |||||
| Royal Leammgton Spa |
|||||
| Warwickshire | |||||
| CV31 3RZ | |||||
| COMPANY NUMBER; ~NUMBER: |
06786752 (England and Wales) 1128355(and No: SC041329in Scotland) |
||||
| INDEPENDENT AUDITORS: | Murphy Salisbury Limited |
||||
| 15Warwick Road | |||||
| Stratford upon Avon | |||||
| Warwickshire | |||||
| CV37 6YW | |||||
| National Westminster Bank |
pic | ||||
| P.O.Box 137 | |||||
| 59The Parade | |||||
| Royal Leamington Spa |
|||||
| Warwickshire | |||||
| CV32 4ZX | |||||
| SOLICITORS: | The firm retained is dependent | upon each issue as it arises. |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | f. | 6 | |||||
| INCOME AND ENDOWMENTS FROM | |||||||
| Donations and legacies |
2 | 1,250,137 | 65,179 | 1,315,316 | 1,543,186 | ||
| Charitable activities |
|||||||
| Residents income and supporting | people grants | 1,207,605 | 141,724 | 1,349,329 | 1,291,470 | ||
| Other trading activities | 944,713 | 944,713 | 566,592 | ||||
| Investment income |
6,838 | 6,838 | 6,055 | ||||
| Total | 3,409,293 | 206,903 | 3,616,196 | 3,407,303 | |||
| EXPENDITURE ON | |||||||
| Raising funds | |||||||
| Raising donations and legacies |
6 | 131,072 | 18,677 | 149,749 | 181,810 | ||
| Other trading activities | 7 | 1,455,526 | 17,687 | 1,473,213 | 1,077,814 | ||
| 1,586,598 | 36,364 | 1,622,962 | 1,259,624 | ||||
| Charitable activities |
8 | ||||||
| Residents income and supporting | people grants | 1,295,278 | 159,316 | 1,454,594 | 1,184,478 | ||
| National activities, life | matters, | pregnancy | |||||
| matters and online |
599,571 | 68,017 | 667,588 | 1,024,787 | |||
| Total | 3,481,447 | 263,697 | 3,745,144 | 3,468,889 | |||
| Net gains on investments | 47,044 | 202,040 | 249,084 | 23,600 | |||
| NET INCOME/(EXPENDITURE) | (25,110) | 145,246 | 120,136 | (37,986) | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | 1,138,726 | 546,921 | 1,685,647 | 1,723,633 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,113,616 | 692,167 | 1,805,783 | 1,685,647 |
| BALANCE SHEET | |||
|---|---|---|---|
| 30JUNE 2022 | |||
| 2022 | 2021 | ||
| Notes | f. | f, | |
| FIXEDASSETS | |||
| Tangible assets | 14 | 548,876 | 341,439 |
| Investments | 15 | 145,179 | 150,763 |
| 694,055 | 492,202 | ||
| CURRENT ASSETS | |||
| Debtors | 16 | 279,568 | 282,091 |
| Cash at bank | 1,095,343 | 1,156,355 | |
| 1,374,911 | 1,438,446 | ||
| CREDITORS | |||
| Amounts falling due within one year |
17 | (234,293) | (210,922) |
| NKT CURRENT ASSETS | 1,140,618 | 1,227,524 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,834,673 | 1,719,726 | |
| CREDITORS | |||
| Amounts falling due after more than one year |
18 | (28,890) | (34,079) |
| NKT ASSETS | 1,805,783 | 1,685,647 | |
| FUNDS | 23 | ||
| Unrestricted funds |
1,113,616 | 1,138,726 | |
| Restricted Rnds | 692,167 | 546,921 | |
| TOTAL FUNDS | 1,805,783 | 1,685,647 |
| FO | RTHE YEAREND | ED 30JUNE 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Notes | ||||||
| Cash fiows from operating | activities | |||||
| Cash generated fiom operations |
1 | (40,754) | 362,454 | |||
| Net cash (used in)/provided | by operating | activities | (40,754) | 362,454 | ||
| Cash flows from investing | activities | |||||
| Purchase oftangible fitted |
assets | (22,098) | (27,989) | |||
| Dividends received |
6,838 | 6,055 | ||||
| Net cash used in investing | activities | (15,260) | (21,934) | |||
| Cash flows from financing | activities | |||||
| Loan repayments in year |
(4,998) | (4,862) | ||||
| Net cash used in financing | activities | (4,998) | (4,862) | |||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
(61,012) | 335,658 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 1,156,355 | 820,697 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
1,095,343 | 1,156,355 |
| OPERATING AC | IIVT | IIES | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| f. | |||||||
| Net income/(expenditure) | for the reporting | period (as per the | |||||
| Statement ofFinancial | Activities) | 120,136 | (37,986) | ||||
| Adjustments for: |
|||||||
| Depreciadon charges |
69,329 | 75,140 | |||||
| Gain on investments | (249,084) | (23,600) | |||||
| Dividends received |
(6,838) | (6,055) | |||||
| Decrease in debtors | 2,523 | 403,365 | |||||
| Increase/(decrease) | in creditors | 23,180 | (48,410) | ||||
| Net cash (used in)/provided | by operations | (40,754) | 362,454 | ||||
| ANALYSIS OF CHANGES | IN NET FUNDS | ||||||
| At 1.7.21 | Cash flow | At 30.6.22 | |||||
| f. | 6 | ||||||
| Net cash | |||||||
| Cash at bank | 1,156,355 | (61,012) | 1,095,343 | ||||
| 1,156,355 | (61,012) | 1,095,343 | |||||
| Debt | |||||||
| Debts falling due within | 1year | (4,998) | (191) | (5,189) | |||
| Debts falling due after 1 | year | (34,079) | 5,189 | (28,890) | |||
| (39,077) | 4,998 | (34,079) | |||||
| Total | 1,117,278 | (56,014) | 1,061,264 |
| Freehold land | Not depreciated |
|---|---|
| Freehold buildings | 50 years straight line basis |
| Long leasehold | 50 years straight line basis |
| Fixtures and fittings | 2 or 3 years straight line basis |
| Motor vehicles | 5 years straight line basis |
| Oflice equipment | 3 years stnight line basis |
| 2. | DONATIO | NS AND L |
E | GAC | IES | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||
| f. | |||||||||||
| Donations | 749,872 | 830,691 | |||||||||
| Tax claimed | 60,101 | 89,737 | |||||||||
| Bequests and legacies | 363,233 | 206,943 | |||||||||
| Grants and | other income | 142,110 | 415,815 | ||||||||
| 1,315,316 | 1,543,186 | ||||||||||
| Grants received, included | in the above, are as follows: | ||||||||||
| 2022 | 2021 | ||||||||||
| f. | |||||||||||
| London Community Response |
Fund | ||||||||||
| Wates Foundation | 10,000 | ||||||||||
| Community | Foundation | for Surrey | |||||||||
| Northern Ireland Housing |
Execudve - Supporting | People | 71,523 | 72,223 | |||||||
| 82,223 | 91,823 | ||||||||||
| 3. | OTHER TRADINGAC~ | ||||||||||
| 2022 | 2021 | ||||||||||
| Shop sales | 944,713 | 566,592 | |||||||||
| 4. | INVESTMENT INCOME | ||||||||||
| 2022 | 2021 | ||||||||||
| 6 | |||||||||||
| Dividends | receivable | 6,838 | 6,055 | ||||||||
| 5. | INCOME | FROM CHARITABLE ACTIVITIES | |||||||||
| 2022 | 2021 | ||||||||||
| Activity | f, | f, | |||||||||
| Residents | income and | Residents | income | and | supporting | people | |||||
| supporting | people grants | grants | 1,349,329 | 1,291,470 | |||||||
| 6. | RAISING | DONATIONS | AND LEGACIES | ||||||||
| 2022 | 2021 | ||||||||||
| Advertising | and printing | for life matters | and pregnancy | matters | 39,205 | 46,180 | |||||
| Staffcosts | - voluntary | 110,544 | 113,480 | ||||||||
| Supportcosts | 27,731 | 22,150 | |||||||||
| 177,480 | 181,810 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Bad debts | 88,642 | 10,960 | ||||||
| Rent and | rates | 560,964 | 310,817 | |||||
| Staffcosts | 586,719 | 554,670 | ||||||
| Other (including set up Depreciation |
costs) | 180,195 56,693 |
155,801 45,566 |
|||||
| 1,473,213 | 1,077,814 | |||||||
| 8. | CHARITABLE ACTIVITIES | COSTS | ||||||
| Support | ||||||||
| Direct | costs (see | |||||||
| Costs | note 9) | Totals | ||||||
| 8 | f. | |||||||
| Residents | income | and supporting | people | |||||
| grants | 1,454,594 | 1,454,594 | ||||||
| National | activities, | life | matters, | |||||
| pregnancy | matters | and | online | 667,588 | 667,588 | |||
| 1,454,594 | 667,588 | 2,122,182 | ||||||
| 9. | SUPPORT COSTS | |||||||
| Governance | ||||||||
| Other | costs | Totals | ||||||
| National | activities, | life | matters, | pregnancy | ||||
| matters and online |
644,190 | 23,398 | 667,588 | |||||
| 10. | NET INCOME/(EXPENDITURE) | |||||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||||
| 2022 | 2021 | |||||||
| Auditors' | remuneration | 6,000 | 6,000 | |||||
| Depreciation - owned assets Auditors' remuneration -other |
69,329 15,910 |
75,140 21,770 |
||||||
| Operating | lease - | Land | and Buildings | 499,709 | 517,552 | |||
| Operating | lease - | Other | 4,684 | 5,231 |
| STAFF COSTS | ||
|---|---|---|
| 2022 | 2021 | |
| 6 | ||
| Wages and salaries | 1,621,301 | 1,667,183 |
| Social security costs | 124,033 | 122,272 |
| Pension | 48,137 | 48,994 |
| 1,793,471 | 1,838,449 |
| COMPARATIVES FORTHE | COMPARATIVES FORTHE | COMPARATIVES FORTHE | STATEMENT OF FINANCIAL | ACTIVITIES | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fimd | fund | funds | ||||
| f, | f. | f. | ||||
| INCOME | AND ENDOWMENTS FROM | |||||
| Donations | and legacies | 1,466,413 | 76,773 | 1,543,186 | ||
| Charitable | activities | |||||
| Residents | income | and supporting | people | |||
| grants | 1,123,551 | 167,919 | 1,291,470 | |||
| Other trading activities |
566,592 | 566,592 | ||||
| Investment | income | 6,055 | 6,055 | |||
| Total | 3,162,611 | 244,692 | 3,407,303 | |||
| EXPENDITURE | ON | |||||
| Raising funds | ||||||
| Raising donations | and legacies | 165,851 | 15,959 | 181,810 | ||
| Other trading activities | 1,077,814 | 1,077,814 | ||||
| 1,243,665 | 15,959 | 1,259,624 | ||||
| Charitable | activities | |||||
| Residents | income | and supporting | people | |||
| grants | 1,062,629 | 121,849 | 1,184,478 | |||
| National activities, |
life matters, | pregnancy | ||||
| matters and online | 947,876 | 76,911 | 1,024,787 | |||
| Total | 3,254,170 | 214,719 | 3,468,889 | |||
| Net gains | on investments | 23,600 | 23,600 | |||
| Pae18 | continued. .. |
| NOTES TO THE FINANCIAL STATEMENTS - continued FORTHEYEARENDED 30JUNE 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continued FORTHEYEARENDED 30JUNE 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continued FORTHEYEARENDED 30JUNE 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continued FORTHEYEARENDED 30JUNE 2022 |
||
|---|---|---|---|---|---|
| 13. | COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES - continued | ||||
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| I | f. | ||||
| NET INCOME/(EXPENDITURE) | (67,959) | 29,973 | (37,986) | ||
| RECONCILIATION | OFFUNDS | ||||
| Total funds brought forward | 1,206,685 | 516,948 | 1,723,633 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,138,726 | 546,921 | 1,685,647 | ||
| 14. | TANGIBLE FIXEDASSETS | ||||
| Fixtures | |||||
| Freehold | Long | and | |||
| property | leasehold I |
fittings f, |
|||
| COST ORVALUATION | |||||
| At 1 July 2021 | 145,000 | 132,642 | 281,981 | ||
| Additions | 11,342 | ||||
| Revaluations | 180,000 | 42,358 | |||
| At 30June 2022 | 325,000 | 175,000 | 293,323 | ||
| DEPRECIATION | |||||
| At 1 July 2021 | 20,880 | 9,095 | 226,828 | ||
| Charge for year | 3,760 | 2,575 | 38,105 | ||
| Revaluation adjustments |
(22,040) | (10,270) | |||
| At 30June 2022 | 2,600 | 1,400 | 264,933 | ||
| NET BOOKVALUE | |||||
| At 30June 2022 | 322,400 | 173,600 | 28,390 | ||
| At 30June 2021 | 124,120 | 123,547 | 55,153 |
| TANGIBL | E FIXEDASSETS - continued | |||
|---|---|---|---|---|
| Motor | Office | |||
| vehicles | equipment | Totals | ||
| f, | f, | |||
| COST OR | VALUATION | |||
| At 1 July 2021 | 17,042 | 235,519 | 812,184 | |
| Additions | 10,756 | 22,098 | ||
| Revaluations | 222,358 | |||
| At 30June | 2022 | 17,042 | 246,275 | 1,056,640 |
| DEPRECIATION | ||||
| At 1 July 2021 | 13,634 | 200,308 | 470,745 | |
| Charge for year | 3,408 | 21,481 | 69,329 | |
| Revaluation | adjustments | (32,310) | ||
| At 30 June | 2022 | 17,042 | 221,789 | 507,764 |
| NET BOOKVALUE | ||||
| At 30 June | 2022 | 24,486 | 548,876 | |
| At 30June | 2021 | 3,408 | 35,211 | 341,439 |
| Cost or va | lua | tion at 30June 2022 is represe |
nted by; |
||
|---|---|---|---|---|---|
| Fixtures | |||||
| Freehold | Long | and | |||
| property | leasehold | fittings | |||
| f, | |||||
| Valuation | in | 2022 | 180,000 | 132,642 | 11,342 |
| Cost | 145,000 | 42,358 | 281,981 | ||
| 325,000 | 175,000 | 293,323 | |||
| Motor | Office | ||||
| vehicles | equipment | Totals | |||
| Valuation | in | 2022 | 10,756 | 334,740 | |
| Cost | 17,042 | 235,519 | 721,900 | ||
| 17,042 | 246,275 | 1,056,640 |
| FIXEDASSET | INVESTMENTS | ||
|---|---|---|---|
| Listed | |||
| ~TVALUE | investments | ||
| At 1 July 2021 | 150,763 | ||
| Revaluations | (5 584) | ||
| At 30June 2022 | 145,179 | ||
| NET BOOKVALUE | |||
| At 30June 2022 | 145,179 | ||
| At 30 June 2021 | 150,763 | ||
| All investment assets are held within the UK. |
|||
| Cost or valuation | at 30June 2022 is represented | by: |
| Listed | |||
|---|---|---|---|
| investments | |||
| 8 | |||
| Valuation | in 2022 | (5,584) | |
| Valuation | in 2021 | 22,702 | |
| Valuation | in 2020 | (23,221) | |
| Valuation | in 2019 | (540) | |
| Valuation | in 2018 | 5,885 | |
| Valuation | in 2017 | 40,793 | |
| Valuation | in 2016 | (10 tt90) | |
| Cost | 116,134 | ||
| 145,179 | |||
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | ||
| Other debtors | 137,711 | 131,382 | |
| P repayments | 141,857 | 150,709 | |
| 279,568 | 282,091 |
| 17. | CREDITORS: AMOUNTS FALLING DUE W | ITHIN | ONE YEAR | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| Bank loans and overdralts (see note 19) |
5,189 | 4,998 | ||
| Social security and other taxes | 31,483 | 33,040 | ||
| Other creditors | 167,683 | 136,172 | ||
| Accruals and deferred income |
29,938 | 36,712 | ||
| 234,293 | 210,922 | |||
| 18. | CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR | |||
| 2022 | 2021 | |||
| Bank loans (see note 19) | 28 890 | 34079 | ||
| 19. | LOANS | |||
| An analysis ofthe maturity ofloans is given below: | ||||
| 2022 | 2021 | |||
| Amounts falling due within one year on demand: |
||||
| Bank loans | 5,189 | 4,998 | ||
| Amounts falling due between two and five years: |
||||
| Bank loans —2-5 years |
22,184 | 21,565 | ||
| Amounts falling due in more than five years: |
||||
| Repayable by instalments: | ||||
| Bank loans more 5 yr by instal | 6,706 | 12,514 | ||
| 20. | LEASING AGREEMENTS | |||
| Minimum lease payments under non-cancellable |
operating | leases fall due as follows: | ||
| 2022 | 2021 | |||
| Within one year | 534,424 | 522,784 | ||
| Between one and five years | 203,563 | 346,823 | ||
| 737,987 | 869,607 |
| 2022 | 2021 |
|---|---|
| f. | f. |
| 34,079 | 39,077 |
| ANALYSIS OFNE | T ASSETSBET | WEEN FUNDS | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | 2021 | |||
| Total | ||||||
| funds | funds | funds | Total funds | |||
| Fixed assets | 226,476 | 322,400 | 548,876 | 341,439 | ||
| Investments | 145,179 | 145,179 | 150,763 | |||
| Current assets | 1,005,049 | 369,862 | 1,374,911 | 1,438,446 | ||
| Current liabilities | (234,198) | (95) | (234,293) | (210,922) | ||
| Long tenn liabilities | (28,890) | (28,890) | (34,079) | |||
| Total net assets at 30June 2021 | 1,113,616 | 692,167 | 1,805,783 | 1,685,647 | ||
| MOVEMENT IN FUNDS | ||||||
| Transfers | Gains | |||||
| Incoming | Resources | between | and | |||
| At 1.07.21 | resources | expended | finds | (losses) | At 30.06.22 | |
| I | f, | f. | f. | |||
| Unrestricted | ||||||
| funds | ||||||
| General fund | 1,138,726 | 3,409,293 | (3,481,447) | 47,044 | 1,113,616 | |
| Restricted funds | ||||||
| Gemma fund | 6,271 | 6,271 | ||||
| LIFEHousing | 540,650 | 206,903 | (263,697) | 202,040 | 685,896 | |
| Total restricted | 546,921 | 206,903 | (263,697) | 202,040 | 692,167 | |
| funds | ||||||
| Total funds | 1,685,647 | 3,616,196 | (3,745,144) | 249,084 | 1,805,783 |