2022-03-31-accounts

					Page
Reference and administrative			details	ofthe Charity, its Trustees and advisers
Trustees' report					2-11
independent	auditors'	report	on the	financial statements	12 - 15
Consolidated	statement offinancial			activities	16
Consolidated	balance	sheet			17
Charity balance sheet					18
Consolidated	statement ofcash flows
Notes to the	financial	statements			20-38

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022	2022	2022	2021
			Note	E	E	E	E
Income from:
Donations and	legacies			531,470	2,110,744	2,642,214	566,107
Charitable activities				6,000		6,000	4,750
Investments				29,409		29,409	8,126
Other Income				20,028		20,028
Total Income				586,907	2,110,744	2,697,651	578,983
Expenditure on:
Charitable activities			9	445,327	2,563	447,890	378,133
Total expenditure				445,327	2,563	447,890	378,133
Net movement	in funds			141,580	2,108,181	2,249,761	200,850
Reconciliation	offunds:
Total funds brought		forward		2,681,334	25,710	2,707,044	2,506,194
Net movement	in funds			141,680	2,108,181	2,249,761	200,850
Totaf funds carried forward				2,822,914	2,133,891	4,956,806	2,707,044

Consolidated statement ofcash flows	Consolidated statement ofcash flows	Consolidated statement ofcash flows
for the year ended 31 March 2022
					2022	2021
					6	F
Cash flows from operating		activities
Net cash	used in operating	activities (note )			2,164,648	171,654
Cash flows from Investing		activities
Dividends,	interests and rents from investments				4,626	8,126
Purchase	oftangible fixed assets				(64,547)	(29,482)
Purchase	of investments				(706,910)
Net cash	used In Investing	activities			(766,832)	(21,366)
Change in cash and cash		equivalents	In	the year	1,397,716	160,298
Cash and	cash equivalents	at the beginning		ofthe year	1,666,687	1,415,389
Cash and	cash equivalents	at the end	of	the year	2,963,403	1,565,687
The notes	on pages 20 to 38form part ofthese financial statements

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
			E	E	E	E
Donations	and gifts		531,470	2,110,744	2,642,214	531,107
Grants						35,000
			531,470	2,110,744	2,642,214	566,107
Total 2021			530,249	35,858	566,107
Income from charitable		activities
				Unrestricted	Total	Total
				funds	funds	funds
				2022	2022	2021
				E	E	E
Charitable	rental income			6,000	8,000	4,750
Total 2021				4,750	4,750

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021
	E	E	E
Valence Group rental income	24,784	24,784
Interest receivable	4,625	4,625	8,126
	29,409	29,409	8,126
Total 2021	8,126	8,126

		Unrestllc'ted	Total	Total
		funds	funds	funds
		2022	2022	2021
		E	E	E
Sundry income		4,028	4,028
VAT provision	released	16,000	16,000
		20,028	20,028
Total 2021

	Grants to	Grants to	Total	Total
	Institutions	Individuals	funds	funds
	2022	2022	2022	2021
	E	E	E	E
Grants payable	105,555	3,647	109,202	109,510
Total 2021	98,200	11,310	109,510

		Direct	Grants	Support	Total	Total
		costs	payable	costs	funds	funds
		2022	2022	2022	2022	2021
		E	E	F	E	F
Charitable	activities	327,756	109,202	10,932	447,890	378,133
Total 2021		264,120	109,510	4,503	378,133

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			E	E	F
Staff costs			152,737	152,737	126,519
Depreciation			4,812	4,812	2,318
Printing, postage and	stationery		2,253	2,253	3,246
Office expenses			19,228	19,228	13,678
Travel and subsistence			8,000	8,000	7,106
Establishment expenses			7,782	7,782	11,044
Ministry support			69,199	69,199	68,987
Other direct costs			53,472	63,472	10,993
Sundry expenses			4,906	4,906	5,884
Legal and professional	fees		4,054	4,054	14,345
Profit on sale offixed assets			(1,418)	(1,418)
Property costs			6,360	6,360
Amortisation on negative		goodwill	(3,629)	(3,629)
			327,756	327,766	264,120
Total2021			264,120	264,120

				Unrestricted	Total	Total
				funds	funds	funds
				2022	2022	2021
				E	E	E
Audit fees				7,500	7,600
Accountancy	fess					360
Independent	examination	fees				1,320
Legal fees				3,432	3,432	2,823
				10,932	10,932	4,503
Total 2021				4,503	4,503
Staffcosts
			Group	Group	Charity	Charity
			2022	2021	2022	2021
			E	F	E	F
Wages and	salaries		142,218	116,407	142,218	116,407
Social security costs			8,257	8,139	8,257	8,139
Pension costs			2,262	1,973	2,262	1,973
			152,737	126,519	162,737	126,519

Group	Group
2022	2021
No.	No.

	Goodwill
	6
Cost
Additions	(87,090)
At 31 March 2022	(87,090)
Amortlsatlon
Charge for the year	(3,629)
At 31 March 2022	(3,629)
Net book value
At 31 March 2022	(83,461)
At 31 March 2021

	Freehold	Plant and	Motor	Fixtures	Computer
	property	machinery	vehicles	and fittings	equipment	Total
	E	E	E	E	E	F
Cost orvaluation
At 1 April 2021	1,124,222	66,879	15,269	6,032	6,416	1,217,818
Additions	49,866	9,685			5,106	64,547
Disposals			(8,269)	(3,148)	-	(11,417)
At 31 March 2022	1,174,078	75,464	7,000	2,884	11,522	1,270,948
Depreciation
At 1 April 2021		63,036	15,269	6,032	2,994	87,331
Charge for the year		2,919			1,893	4,812
On disposals			(8,269)	(3,148)	-	(11,417)
At 31 March 2022		65,955	7,000	2,884	4,887	80,726
Net book value
At 31 March 2022	1,174,078	9,509			6,635	1,190,222
At 31 March 2021	1,124,222	2,843			3,422	1,130,487

	Freehold	Plant and	Motor	Fixtures	Computer
	properly	machinery	vehicles	and fittings	equipment	Total
	E	6	E		E
Cost or valuation
At 1 April 2021	1,124,222	66,879	16,269	6,032	6,416	1,217,818
Additions	49,856	9,565			6,106	64,547
Disposals			(8,269)	(3,148)		(11,417)
At 31 March 2022	1,174,078	75,464	7,000	2,884	11,622	1,270,948
Depreciation
At 1 April 2021		63,036	16,269	6,032	2,994	87,331
Charge for the year		2,919			1,893	4,812
On disposals			(8,269)	(3,148)	-	(11,417)
At 31 March 2022		65,955	7,000	2,884	4,887	80,726
Net book value
At 31 March 2022	1,174,078	9,609			6,635	1,190,222
At 31 March 2021	1,124,222	2,843			3,422	1,130,487

			Long term
		Freehold	leasehold
		Investment	Investment
		property	property	Total
		E	E	E
Valuation
On acquisition	of subsidiaries	516,000	278,000	794,000
At 31 March 2022		516,000	278,000	794,000

	investments
	In
	subsidiary
	companies
Charity	E
Cost or valuation
Additions	611,613
At 31 March 2022	611,613
Net book value
At 31 March 2022	611,613

		Group	Group	Charity	Charity
		2022	2021	2022	2021
		E	E	E	E
Due within one year
Trade debtors		3,600		3,600
Other debtors		163,259	41	161,093	41
Prepayments	and accrued income	63,870	27,618	62,412	27,618
		220,629	27,659	217,005	27,659

17.	Current asset invest	ments
				Group	Group	Charity	Charity
				2022	2021	2022	2021
				E	E	E	E
	Short-term cash investments			1,001,059	1,001,059	1,001,059	1,001,059
18.	Creditors: Amounts	falling due	within one year
				Group	Group	Charity	Charity
				2022	2021	2022	2021
				E		6
	Trade creditors			2,372
	Other taxation and social security			2,480	2,998	2,480	2,998
	Other creditors			19,083	12,471	1,603	12,471
	Accruals and deferred	income		104,063	1,320	6,250	1,320
				127,988	16,789	10,333	16,789
				Group 2022	Group 2021	Charity 2022	Charity 2021
				E	E	6	E
	Deferred income at 1	April 2021			1,200		1,200
	Resources deferred during the year			96,553
	Amounts released from previous		periods		(1,200)		(1,200)
	Deferred income at	31 March 2022		96,553

						Balance at
		Balance at 1			Transfers	31 March
		April 2021 6	Income	Expenditure 5	In/out f	2022 6
Unrestricted funds
Designated funds
Main hall development		2,631,334			103,001	2,634,336
General funds
General funds		160,000	686,907	(446,327)	(103,001)	188,579
Total Unrestricted	funds	2,681,334	686,907	(445,327)		2,822,914
Restricted funds
Gifts for individuals	in need		2,663	(2,663)
Special Offering - Covid needs		26,710				25,710
Future Fund			194,181			194,181
LCP cash grants for building development			1,302,387			1,302,387
LCP transfer ofVGL for
building development			611,613			611,613
		26,710	2,110,744	(2,663)		2,133,891
Total offunds		2,707,044	2,697,651	(447,890)		4,966,805

Statement offunds	- prior yea	r
						Balance at
		Balance at			Transfers	31 March
		1 April 2020	Income	Expenditure	in/out	2021
		F		E		E
Unrestricted funds
Designated funds
Main hall development		2,356,194			175,140	2,531,334
General funds
General funds		150,000	543,125	(367,985)	(175,140)	150,000
Total Unrestricted	funds	2,506,194	543,125	(367,985)		2,681,334
Restricted funds
Gifts for individuals	in need		1,830	(1,830)
Special Offering - Covid needs			34,028	(8,318)		25,710
			35,858	(10,148)		25,710
Total offunds		2,506,194	578,983	(378,133)		2,707,044

Summary	offunds - cur	rent year
						Balance at
		Balance at 1			Transfers	31 March
		April 2021	Income	Expenditure	in/out	2022
		E	E	E	F	E
Designated	funds	2,531,334			103,001	2,634,335
General funds		150,000	586,907	(445,327)	(103,001)	168,579
Restricted	funds	25,710	2,110,744	(2,563)		2,133,891
		2,707,044	2,697,651	(447,890)		4,956,806

Summary	offunds - prio	r year
						Balance at
		Balance at			Transfers	31 March
		1 April 2020	Income	Expenditure	in/out	2021
		E		E.
Designated	funds	2,356,194			175,140	2,531,334
General funds		150,000	543,125	(367,985)	(175,140)	150,000
Restricted	funds		35,858	(10,148)		25,710
		2,506,194	578,983	(378,133)		2,707,044

Analysis	ofnet assets between funds - cur	rent year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022	2022
		E	E	E
Tangible fixed assets		1,190,222		1,190,222
Intangible	fixed assets	(83,461)		(83,461)
Investment	property	794,000		794,000
Current assets		1,050,141	2,133,891	3,184,032
Creditors	due within one year	(127,988)		(127,988)
Total		2,822,914	2,133,891	4,966,805

Analysis	of n	et assets between funds - prio	r year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
				E	E
Tangible	fixed	assets	1,130,487		1,130,487
Current	assets		1,567,636	25,710	1,593,346
Creditors	due	within one year	(16,789)		(16,789)
			2,681,334	25,710	2,707,044

22.	Reconciliatio	n of n		t	movement	In fund	s to net cash flow from oper	ating activities
								Group	Group
								2022	2021
									E
	Net income for the year (as per Statement						of Financial Activities)	2,249,761	200,850
	AdJustments	for:
	Depreciation	charges						4,812	2,318
	Amortisation	charges						(3,629)
	Dividends, interests		and rents from			investments		(4,625)	(8,126)
	Increase in debtors							(192,970)	(2,759)
	Increase/(decrease)			in	creditors			111,199	(20,629)
	Net cash provided		by operating			activities		2,164,648	171,654
23.	Analysis of	cash and			cash equivalents
								Group	Group
								2022	2021
								E	E
	Cash in hand							2,963,403	1,565,687
	Total cash and cash equivalents							2,963,403	1,565,687
24.	Analysis of	changes		in net debt

		At 1 April		At 31 March
		2021	Cash flows	2022
			E	E
		E
Cash	at bank and in hand	564,628	1,397,716	1,962,344
Liquid	investments	1,oof,oeg		1,oof,oeg
		1,665,687	1,397,716	2,963,403

Name			Income	Expenditure	Profit/(Loss)	Net assets
			E	E	ISurplus/	E
					(Deficit) for
					the year
					E
Valence	Group	Limited	88,327	(27,397)	60,930	732,402