DocuSign Envelope ID: DB439C03-F690-4CCB-833D-1B1323A95B5F
Charity Number 1134335 Company Number 06995906
HORIZON LIFE TRAINING
DIRECTORS’ AND TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
DocuSign Envelope ID: DB439C03-F690-4CCB-833D-1B1323A95B5F
HORIZON LIFE TRAINING
DIRECTORS’ AND TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2022
The trustees present their report and the unaudited accounts for the year ended 31 August 2022.
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS
Horizon Life Training is a company limited by guarantee and is a registered charity. The Charity was registered on 16 February 2010 (Number 1134335). The company was incorporated on 20 August 2009 (Number 06995906).
The registered office and operating address is: -
Horizon Life Training Kennel Hall Farm Ripon Road Killinghall HG3 2AY North Yorkshire
The Charity trustees (who are also Directors of the company), who served during the year and up to the date of this report, were: -
D Bentley R Nabi (resigned 30-11-22) V Roosevelt D Smith G Smith
Independent Examiner: Sarah Wearing HPH Accountants LLP Chartered Accountants Conyngham Hall Business Centre Knaresborough North Yorkshire HG5 9AY
Bankers: Reliance Bank Ltd
Faith House 23-24 Lovat Lane London EC3R 8EB
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HORIZON LIFE TRAINING
DIRECTORS’ AND TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association incorporated 20 August 2009. It has no share capital and the liability of each member in the event of winding-up is limited to £10.
Recruitment and Appointment of the Trustees and Executive Committee Members
In the year under review there have been 5 trustees who are also directors of the company. Further trustees may be appointed by the existing trustees as necessary providing there is a maximum of 7 and a minimum of 3 trustees. Trustees must be members of the Charity and have a committed Christian faith. One third of the trustees retire at each AGM. Decisions are confirmed by a majority vote of the trustees in attendance at a trustee meeting. Trustee meetings are held as necessary to urgently progress the Charity’s objectives and at least quarterly.
Trustee induction and training
Trustees are interviewed and formal written references are taken up prior to appointment. All the trustees are made aware of the Charities Commission Fit and Proper Persons guidance and have signed a declaration of eligibility.
Management
Day to day management and service delivery during the year has been the responsibility of the Centre Manager at the Killinghall facility, Mrs Bernadette Francies.
Risk Management
The trustees regularly review the risks faced by the Charity and are satisfied that appropriate policies and procedures are in place.
OBJECTIVE AND ACTIVITIES
Horizon Life Training is a Christian charity. Its objectives are:
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The relief of the physical and mental sickness of persons in need by reason of addiction to drugs, in particular by the provision of counselling and support and by the provision of facilities for work and recreation
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To develop the capacity, skills and capabilities of such persons so that they are better able to identify and meet their needs and to participate more fully in society as mature and responsible individuals
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The relief of financial hardship amongst such persons by providing them with accommodation and other goods or services which they could not otherwise afford through lack of means
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To carry out all the above as a practical outworking of the Christian faith
In 2010 Horizon Life Training acquired a long lease on land at a dairy farm (Kennel Hall Farm) in Killinghall, North Yorkshire to establish a centre for its operations and developed facilities thereon consisting of a residential centre, catering facilities and workshop units. The facilities provide living accommodation for 15 male residents who were formerly drug or alcohol dependant but who have graduated from a rehabilitation centre and are free from addiction. In 2016 the Charity was granted an initial 10-year lease over a former pub at Felliscliffe, Harrogate with the plan to develop this as a centre for female residents. This is the second centre operated by the Charity (now renamed as Bramall House) and was opened in 2019.
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HORIZON LIFE TRAINING
DIRECTORS’ AND TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2022
OBJECTIVE AND ACTIVITIES (continued)
Horizon provides a 12-month residential programme of counselling and support to its residents whilst at the same time providing training in life skills. Students are trained in employment-related skills, and they work to develop employable trades and acquire relevant experience during their stay at the Centres. Training enables students to re-enter and contribute to society. Placement assistance is provided to enable them to secure full employment after their stay with the Charity and contact is maintained after they have graduated and reentered the workplace.
Former drug and alcohol dependants are often unable to find employment because they have no experience of work or have had no work training. Horizon Life Training seeks to address this issue by providing training in employable skills whilst also providing residential accommodation for students during their training. The residential facility provides a stepping stone of semi-independence, following on from the more structured environment at a rehabilitation centre and in advance of fully independent living. Horizon Life Training sees its objects as the practical outworking of its Christian Faith. It aims to give people who have turned their lives around a second chance.
Horizon Life Training gives its students the opportunity to acquire skills, prove their ability to cope with the disciplines of the workplace and to thereby become employable. Re-educated students are given hope and purpose. Horizon Life Training helps them transform their lives and their families benefit from restored, employed young people who have attained valuable life skills. We aim to give former addicts an opportunity to take back responsibility for their lives, gain self-respect and support themselves financially. They complete a Transforming Journey of Re-education and Restoration into society.
Horizon Life Training is not a rehabilitation centre, it is an abstinence re-entry model providing the skills needed for employment in order that its residents can be restored into the community and continue on Life's journey. Participants must be able to demonstrate they have attended and completed a minimum 9 month abstinence residential programme with references from the rehabilitation centre manager.
Horizon Life Training is funded by the gifts and regular giving of individuals, businesses, charitable trusts and churches.
Public Benefit
When reviewing the aims and objectives of the Charity, and in planning future activities, the trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.
ACHIEVEMENTS AND PROGRESS
Whereas last year the lockdown from the Covid-19 pandemic allowed us to report a very stable and successful year of operation (despite needing to overcome many logistical and organisational challenges). In contrast this year has seen a catch up of our graduations and exits and a paucity of new residents interested to join the follow-on programme following their own lockdowns in rehabilitation centres. This has resulted in a more difficult year of managing costs with a reduced number of residents and income. Our thanks again go to Bernie and her team in delivering an individualised Transforming Journey effectively and successfully across a wide range of different residents. Our operating model, with part of our income generated from renting our workshop facilities who provide placements for our residents, has continued successfully. In addition, we enjoyed our second year in renting out a holiday cottage at Bramall House to third parties, which yielded over £9,000 of income (versus near £5,700 last year).
Our sincere thanks go out to the trusts and many supporters whose donations have made this work possible.
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HORIZON LIFE TRAINING DIRECTORS’ AND TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2022
ACHIEVEMENTS AND PROGRESS (continued)
FINANCIAL REVIEW
The Statement of Financial Activities shows a net deficit of over £143,000 for the year compared with a deficit of close to £134,000 in the prior year. Our donations were over £30,000 higher thanks to some one off gifts but our income from residents rents and benefits fell by over £73,000 to less than half of last year’s level. We reduced our staff costs by nearly £21,000 in light of reduced resident numbers. The deficit this year includes near £126,000 of depreciation and amortisation costs but on a cash basis we have borne a deficit of approximately £17,000, despite the generous donations arising.
Our unrestricted donations, which are directed towards our general operating costs, were close to £58,000 compared with approaching £28,000 last year. Income from rents was broadly flat at £69,000 with increased bookings at our holiday let ‘Kettlesing Cottage’ offsetting a decline in workshop rentals. More significantly however, as highlighted above, our income from resident numbers was significantly reduced and our average occupancy in this financial year has been for only 7 residents, with a low point of only 3 residents. In March 2022 we relocated our then 3 female residents from the Women’s Centre at Bramall House to a dedicated wing at Kennel Hall Farm to allow us to consolidate our operations there. We have thereby temporarily ‘mothballed’ the Bramall House facility until resident numbers can be increased.
Our operating costs at £334,000 were £35,000 lower than last year. The largest decreases arose in People costs (£21,000 lower) and in Repairs & Equipment (£18,000 lower) whilst Electricity costs were £14,000 higher.
The trustees consider that the overall financial position continues to be sound. Financially the Charity continues to benefit from the donations of churches, businesses, charitable trusts and individuals who support its aims.
RESERVES POLICY
In accordance with Charity Commission guidance, the trustees have considered the reserves needs of the Charity and have established a policy whereby unrestricted funds neither committed nor invested in tangible fixed assets (free reserves) held by the Charity should equate to three months of ongoing cash operating costs. This is currently targeted at £60,000. At the end of the year a cash reserve of £52,420 was held, compared with £69,980 last year. Since the year end the reserves have been returned to their targeted £60,000. The trustees will review the reserves policy annually.
GOING CONCERN
The trustees are satisfied that the accounts should be prepared on a going concern basis.
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HORIZON LIFE TRAINING
DIRECTORS’ AND TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2022
PRINCIPAL FUNDING SOURCES
The largest funding sources towards the operating costs of the Charity in the year have been Housing Benefit receipts, rents received from 3[rd] party tenants and donations received from individuals, Charitable Trusts, Businesses and Churches.
PLANS FOR THE FUTURE
Our challenge in the coming year continues to be that of operating with fewer residents and therefore a lower level of income. As highlighted last year the Covid pandemic has significantly impacted new residents joining the rehabilitation centres that precede our placements. At the same time there has been a widening of the choices and options available to those exiting rehabilitation. Both factors have adversely impacted our resident numbers and the trend has persisted since the year end. We currently operate with just 3 staff and whilst this has reduced our cost base and largely arrested our cash deficit, we acknowledge that it places further challenges on those staff members. The Trustees record their thanks for the exceptional ongoing work delivered by the team.
We will continue to pursue a bespoke programme of training and work experience for each resident.
STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity as at the end of the financial year and of the surplus or deficit of the Charity for that period. In preparing those financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with applicable law. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
SMALL COMPANY RULES
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. It was approved by the Board and signed on its behalf.
GD Smith Director and Trustee 19 May 2023
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HORIZON LIFE TRAINING
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HORIZON LIFE TRAINING
I report to the Charity Trustees on my examination of the accounts of the Company for the year ended 31 August 2022 which are set out on pages 8 to 17.
This report is made solely to the Charitable Company’s trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company’s trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the Charitable Company’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charitable Company, the Charitable Company’s members as a body and the Charitable Company’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the Charity’s Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the 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 eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements 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
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sarah Wearing, FCA, DChA 19 May 2023
HPH, Chartered Accountants Conyngham Hall Business Centre Bond End Knaresborough HG5 9AY
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HORIZON LIFE TRAINING
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022 (Including Income and Expenditure Account)
| NOTE Income from: Donations & grants 3 Charitable activities 3 Other trading activities 3 Total Expenditure on: Raising funds 5 Charitable activities 5 Total Net expenditure 4 Transfers between funds 12 Net movement in funds Reconciliation of funds: Total funds brought forward 12 Total funds carried forward 12 |
UNRESTRICTED RESTRICTED TOTAL TOTAL FUNDS FUNDS FUNDS FUNDS 2022 2021 £ £ £ £ 57,862 - 57,862 27,689 64,436 - 64,436 137,899 68,972 - 68,972 69,092 |
|---|---|
| 191,270 - 191,270 234,680 |
|
| 5,291 - 5,291 3,485 329,106 - 329,106 365,554 |
|
| 334,397 - 334,397 369,039 |
|
| (143,127) - (143,127) (134,359) - - - - |
|
| (143,127) - (143,127) (134,359) 1,649,530 - 1,649,530 1,783,889 |
|
| 1,506,403 - 1,506,403 1,649,530 |
The notes on pages 10 to 17 form part of these accounts.
There were no recognised gains and losses for 2022 and 2021 other than those included above.
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HORIZON LIFE TRAINING
BALANCE SHEET AS AT 31 AUGUST 2022
| Note Fixed assets: Tangible assets 9 Current assets: Debtors 10 Cash reserves Cash at bank and in hand Liabilities: Creditors: amounts falling due within one year 11 Net current assets Total net assets The funds of the Charity: Restricted income funds 12 Unrestricted funds 12 Total Charity funds |
2022 2021 £ £ £ £ 1,436,733 1,563,158 6,778 5,280 52,420 69,980 15,856 13,051 75,054 88,311 (5,384) (1,939) 69,670 86,372 1,506,403 1,649,530 - - 1,506,403 1,649,530 1,506,403 1,649,530 |
2022 2021 £ £ £ £ 1,436,733 1,563,158 6,778 5,280 52,420 69,980 15,856 13,051 75,054 88,311 (5,384) (1,939) 69,670 86,372 1,506,403 1,649,530 - - 1,506,403 1,649,530 1,506,403 1,649,530 |
|---|---|---|
| 1,649,530 | ||
| - 1,649,530 |
||
| 1,649,530 |
In the Directors' and Trustees' opinion the Charitable Company was entitled under section 477 of the Companies Act 2006 to exemption from the audit of its accounts for the year ended 31 August 2022.
No notice from members requiring an audit has been deposited under section 476 of the Companies Act 2006 in relation to its accounts for the financial period.
The Directors and Trustees are responsible for ensuring that the Charitable Company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the Charitable Company as at the end of each financial year and of its income and its application of resources for each year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with its requirements, so far as applicable to the Charitable Company.
The financial statements have been prepared in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small companies.
The accounts were approved by the board of directors and trustees on 19 May 2023 and signed on its behalf.
GD Smith Director and Trustee
The notes on pages 10 to 17 form part of these accounts.
Company Number: 06995906
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HORIZON LIFE TRAINING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
1. GENERAL INFORMATION
The Charitable Company is a private company limited by guarantee, which is incorporated and registered in England and Wales (no. 06995906),
The address of its registered office is Kennel Hall Farm, Ripon Road, Killinghall HG3 2AY
2. ACCOUNTING POLICIES
a) Basis of preparation of accounts
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – Charities SORP FRS 102, and the Companies Act 2006.
Horizon Life Training meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going Concern:
The Charity has managed the impact of the Covid-19 pandemic within its current resources. The trustees are monitoring the future impacts as detailed in the trustees report on page 6. The trustees are confident the Charity is a going concern and have therefore prepared the accounts on a going concern basis.
b) Income
Income is included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
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Donations income is received by way of donations, grants and gifts and is included in the Statement of Financial Activities when receivable.
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Income from charitable activities is included when receivable.
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Income from other trading activities is included when receivable.
c) Expenditure
Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.
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Charitable expenditure comprises those costs incurred by the Charity in the deliverance of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them.
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All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, as set out in Note 5.
d) Operating Leases
Rentals payable under operating leases are charged to the Income and Expenditure Account on a straight-line basis over the lease term.
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HORIZON LIFE TRAINING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
2. ACCOUNTING POLICIES (CONTINUED)
e) Pension
The Charitable Company operates a defined contribution pension scheme. Contributions are charged in the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
f) Financial Instruments
The Charitable Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
g) Tangible fixed assets and depreciation
Lease premium:
Lease premium paid is amortised over the rent-free period of the leasehold land at Kennel Hall Farm. Buildings:
Buildings represent the cost of the completed development of the Charity’s facilities at Kennel Hall Farm, Killinghall and Bramall House, Felliscliffe. Depreciation is charged to write down the cost of Killinghall facilities over 50 years, being the expected useful life of the buildings, and to write down the cost of Bramall House over the 7.5 years remaining of the existing 10-year lease for those premises. Other fixed assets:
Expenditure on assets below £1000 is expensed rather than capitalised. Depreciation is charged to write down the costs over 4 years on a straight-line basis, taking a full charge in the year of acquisition.
.
h) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
i) Cash at bank and in hand
Cash at bank and in hand includes cash and any short-term deposit accounts with a maturity of three months or less from the date of opening.
j) Creditors
Creditors and provisions are recognised where the charitable company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
k) Unrestricted funds
Unrestricted funds are donations and other income receivable or generated for the objects of the Charity without further specified purpose and are available as general funds.
l) Restricted funds
Restricted funds are used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
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HORIZON LIFE TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
3. INCOME
| 3. INCOME | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Donations & grants | ||||
| Donations and grants | 57,862 | - | 57,862 | 27,689 |
| Restricted income from Donations and grants in 2021 was £515. | ||||
| Charitable activities | ||||
| Rent and benefits | 64,436 | - | 137,899 | 137,899 |
| Restricted income from Charitable activities | in 2021 was £nil. | |||
| Other trading activities | ||||
| Workshop rents | 59,944 | - | 63,349 | 63,349 |
| Cottage rents | 9,028 | - | 5,743 | 5,743 |
| Workshop rent | 68,972 | - | 69,092 | 69,092 |
Restricted income from Other trading activities in 2021 was £nil.
4. NET INCOME FOR THE YEAR
The net income /(expenditure) is stated after charging:
| he net income /(expenditure) is stated after charging: | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Operating lease rentals | 2,117 | 2,117 |
| Depreciation of tangible fixed assets | 96,425 | 101,190 |
| Lease premium amortisation | 30,000 | 30,000 |
| Independent Examination of the Financial Statements | 1,650 | 1,500 |
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HORIZON LIFE TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
5. EXPENDITURE
| Basis of allocation Staff costs Direct Student support Direct Workwear Direct Travel & subsistence Direct Meetings & staff support Direct Training courses Direct Fundraising costs Direct Vehicle costs Direct Depreciation costs Direct Lease amortisation Direct Insurance Direct Gas Direct Electricity Direct Water Direct Food supplies Direct Premises rates Direct Repairs, equipment, contracts & cleaning Direct IT costs Direct Telephone & broadband Direct Staff training Direct Website & advertising Direct Printing & stationery Direct Postage Direct Cottage rental direct costs Direct Audit & accountancy Direct Professional fees Direct |
Raising Funds Charitable Activities Total 2022 Total 2021 £ £ £ £ - 80,675 80,675 101,635 - 1,388 1,388 1,950 - 59 59 269 - 647 647 863 - 517 517 665 - 146 146 356 2,747 - 2,747 178 - 7,523 7,523 6,113 - 96,425 96,425 101,190 - 30,000 30,000 30,000 - 13,076 13,076 13,892 - 1,690 1,690 1,172 - 38,146 38,146 23,869 - 5,041 5,041 6,187 - 8,362 8,362 12,365 - 11,189 11,189 8,693 - 21,443 21,443 39,399 - 1,490 1,490 6,780 - 4,945 4,945 4,506 - 406 406 963 204 - 204 895 1,737 - 1,737 2,322 603 - 603 90 1,159 1,159 295 - 2,137 2,137 1,844 - 2,642 2,642 2,548 |
|---|---|
| 5,291 329,106 334,397 369,039 |
Restricted expenditure in 2022 was £nil for both Raising funds and for Charitable activities. Restricted expenditure in 2021 was £nil for Raising funds and £515 for Charitable activities.
The Charity benefits from the involvement and support of volunteers. In accordance with FRS 102 and the Charities SORP FRS 102, the economic contribution of general volunteers is not recognised in the accounts.
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HORIZON LIFE TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
6. STAFF COSTS
| 6. STAFF COSTS | |
|---|---|
| Staff employees of the Charity Social Security costs of employees of the Charity Employers’ Pension The average number of employees analysed by function was: Charitable activity |
Total 2022 Total 2021 £ £ 78,392 96,287 1,209 2,031 1,074 3,317 |
| 80,675 101,635 |
|
| 2022 2021 No. No. 5 6 |
No employee earned £60,000 or more during the year (2021 – None).
The Charitable Company operates a defined contribution pension scheme. The pension expense and liability is allocated 100% from unrestricted funds.
The key management personnel of the Charity comprise the trustees and the senior management team. The total employee benefits of the key management personnel, with only senior management team members being paid, were £30,768 (2021 - £31,032).
7. TRUSTEES’ REMUNERATION AND REIMBURSED EXPENSES
No remuneration or reimbursed expenses were paid to the trustees in the year (2021 - £nil).
8. RELATED PARTIES AND TRANSACTIONS WITH DIRECTORS
During the year one of the Trustees, Ruth Nabi (resigned November 2022), was married to an employee of the Charity, Paul Nabi (resigned April 2022). Paul provided maintenance services to the Charity. Ruth was not involved in the management or remuneration of Paul and the Trustees are satisfied that this represented an arms-length transaction at costs consistent with those paid elsewhere for such work. The total remuneration arising in the year was £4,794.
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HORIZON LIFE TRAINING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
9. FIXED ASSETS
| S | |
|---|---|
| Cost: At 1 September 2021 Additions Transfers At 31 August 2022 Depreciation: At 1 September 2021 Charge for the year At 31 August 2022 Net Book Values: At 31 August 2022 At 31 August 2021 |
Lease Premium Buildings Plant and Machinery Vehicles Total £ £ £ £ £ 360,000 1,952,540 17,208 21,865 2,351,613 - - - - - - - - - - |
| 360,000 1,952,540 17,208 21,865 2,351,613 |
|
| 300,000 454,610 13,381 20,464 788,455 30,000 93,648 2,076 701 126,425 |
|
| 330,000 548,258 15,457 21,165 914,880 |
|
| 30,000 1,404,282 1,751 700 1,436,733 |
|
| 60,000 1,497,930 3,827 1,401 1,563,158 |
Lease premium capitalised relates to a 99 year lease on land at Kennel Hall Farm, Killinghall upon which the Charity’s facilities are developed.
10. DEBTORS
| 10. DEBTORS | |
|---|---|
| Gift Aid Accrued income Rent arrears due to Covid Other debtor 11. CREDITORS DUE WITHIN ONE YEAR Trade Creditors Other Creditors Accruals |
2022 2021 £ £ 3,089 3,140 3,689 2,006 - - - 134 |
| 6,778 5,280 |
|
| 2022 2021 £ £ 3,601 251 133 188 1,650 1,500 |
|
| 5,384 1,939 |
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HORIZON LIFE TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
12. MOVEMENT IN FUNDS
| Current year Restricted funds: Women’s Centre Operations Gym Equipment Total restricted funds Total unrestricted funds Total funds Comparative year Restricted funds: Women’s Centre Operations Gym Equipment Total restricted funds Total unrestricted funds Total funds Purpose of restricted funds: Women’s Centre Operations Gym Equipment |
Balance at 01/09/2021 Income Expenditure Transfers Balance at 31/08/2022 £ £ £ £ £ - - - - - - - - - - - - - - - 1,649,530 191,270 (334,397) - 1,506,403 1,649,530 191,270 (334,397) - 1,506,403 Balance at 01/09/2020 Income Expenditure Transfers Balance at 31/08/2021 £ £ £ £ £ - 170 (170) - - - 345 (345) - - - 515 (515) - - 1,783,889 234,165 (368,524) - 1,649,530 1,783,889 234,680 (369,039) - 1,649,530 - The fund was for the operating costs incurred specifically at the Charity’s Women’s Centre, Bramall House - The fund was for the cost of purchase of gym equipment at both Centres, for residents’ use |
|---|---|
Transfers
Transfers relate to where capital expenditure has been incurred in accordance with the funders’ instructions. The amounts have therefore been transferred to unrestricted funds.
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DocuSign Envelope ID: DB439C03-F690-4CCB-833D-1B1323A95B5F
HORIZON LIFE TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
13. ANALYSIS OF NET ASSETS BY FUND
| Current year Fixed assets Net Current (Liabilities)/Assets Total Comparative year Fixed assets Net Current (Liabilities)/Assets Total |
Unrestricted funds Restricted funds 2022 £ £ £ 1,436,733 - 1,436,733 69,670 - 69,670 |
|---|---|
| 1,506,403 - 1,506,403 |
|
| Unrestricted funds Restricted funds 2021 £ £ £ 1,563,158 - 1,563,158 86,372 - 86,372 |
|
| 1,649,530 - 1,649,530 |
13. CAPITAL COMMITMENTS
The Charity had capital commitments at 31 August 2022 authorised and contracted for of £nil (2021 - £nil).
14. OPERATING LEASE COMMITMENTS
As at 31 August 2022 and 31 August 2021 the total of future minimum lease payments under non-cancellable operating leases was as follows:
| operating leases was as follows: | |
|---|---|
| Arising within 1 year Arising later than 1 year but within 5 years |
2022 2021 £ £ 2,117 2,117 857 2,973 |
| 2,974 5,090 |
15. TAXATION
Horizon Life Training is a registered charity and is exempt from tax to the extent that income and gains are applicable and applied to charitable purposes only.
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