##
|||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.||
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|||||||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|
##
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##
|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|
##
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##
##
|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|
##
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