| Page | ||||
|---|---|---|---|---|
| Reference and Administrative Details ofthe Charitable Advisers |
Company, | its Trustees and | ||
| Chairman's Statement |
||||
| Trustees' Report | 3-13 | |||
| Independent Examiner's |
Report | 14-15 | ||
| Statement of Financial | Activities | 16 | ||
| Balance Sheet | 17-18 | |||
| Notes to the Financial Statements | 19-37 |
| Trustees | C Wigley, | Chair | Chair | ||||
|---|---|---|---|---|---|---|---|
| H Shaw, Vice Chair | |||||||
| R Milford, | Treasurer | ||||||
| ESBaio | |||||||
| SSheridan | |||||||
| V Merrett | (resigned 18January 2022) | ||||||
| E Mackenzie | |||||||
| P Mackenzie | |||||||
| J McBride | |||||||
| J Hill | |||||||
| N Button (appointed | 1 May | 2022) | |||||
| P A Virdi-Smith | (appointed | 1 May 2022) | |||||
| A W Hall (appointed | 18January 2022) | ||||||
| Company | registered | ||||||
| number | 07258623 | ||||||
| Charity registered | |||||||
| number | 1136716 | ||||||
| Registered | oNce | The Bradbury Centre | |||||
| 2 Sansome | Walk | ||||||
| Worcester | |||||||
| WR1 1LH | |||||||
| Chief Executive Officer | Ms J Gage | ||||||
| Independent | Examiner | Bishop Fleming | LLP | ||||
| Chartered Accountants |
|||||||
| 1-3College | Yard | ||||||
| Worcester | |||||||
| WR1 2LB | |||||||
| Bankers | CAF Bank | ||||||
| 25 Kings Hill Avenue | |||||||
| Kings Hill | |||||||
| West Mailing | |||||||
| Kent | |||||||
| ME194JQ | |||||||
| Solicitors | Thursfields | Solicitors | |||||
| 9-10The Tything | |||||||
| Worcester | |||||||
| WR1 1HD |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Note | E | F | |||
| INCOME FROM: | |||||
| Donations and legacies |
210,417 | 210,417 | 236,453 | ||
| Charitable activities |
971 | 158,372 | 159,343 | 324,241 | |
| Other trading activities |
2,320 | 2,320 | 1,805 | ||
| Investments | 63,451 | 63,451 | 40,563 | ||
| Other income | 10 | ||||
| TOTAL INCOME | 277,159 | 158,372 | 435,531 | 603,072 | |
| EXPENDITURE ON: | |||||
| Raising funds | 30,260 | 29,836 | 60,096 | 49,188 | |
| Charitable activities |
169,056 | 162,512 | 331,568 | 262,154 | |
| TOTAL EXPENDITURE | 199,316 | 192,348 | 391,664 | 311,342 | |
| NET INCOME/(EXPENDITURE) | |||||
| BEFORE NET GAINS ON | |||||
| INVESTMENTS | 77,843 | (33,976) | 43,867 | 291,730 | |
| Net gains on investments | 70,257 | 52,524 | 122,781 | 60,787 | |
| NET MOVEMENT IN FUNDS BEFORE |
|||||
| OTHER RECOGNISED GAINS | 148,100 | 18,548 | 166,648 | 352,517 | |
| OTHER RECOGNISED GAINS: | |||||
| Gains on revaluation offixed assets |
|||||
| and investments | 153,978 | 204,109 | 358,087 | ||
| NET MOVEMENT IN FUNDS |
302,078 | 222,657 | 524,?35 | 352,517 | |
| RECONCILIATION OF FUNDS: |
|||||
| Total funds brought forward |
835,870 | 597,593 | 1,433,463 | 1,080,946 | |
| Net movement in funds |
302,078 | 222,657 | 524,735 | 352,517 | |
| TOTAL FUNDS CARRIED FORWARD | 1,137,948 | 820,250 | 1,958,198 | 1,433,463 |
| As restated | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | F | ||||
| FIXEDASSETS | |||||
| Tangible assets | 13 | 680,355 | 334,492 | ||
| Investment property |
14 | 446,103 | 353,955 | ||
| 1,126,458 | 688,447 | ||||
| CURRENT ASSETS | |||||
| Debtors | 15 | 9,646 | 11,396 | ||
| Investments | 16 | 385,583 | 354,950 | ||
| Cash at bank and | in hand | 485,258 | 447,649 | ||
| 8&0,487 | 813,995 | ||||
| Creditors: amounts | falling due within one | ||||
| year | 17 | (48,747) | (68,979) | ||
| NET CURRENT ASSETS | &31,740 | 745,016 | |||
| TOTAL ASSETS | LESSCURRENT | ||||
| LIABILITIES | 1,958,198 | 1,433,463 | |||
| TOTAL NET ASSETS | 1,958,198 | 1,433,463 | |||
| CHARITY FUNDS | |||||
| Restricted funds | 19 | &20,250 | 597,593 | ||
| Unrestricted funds |
|||||
| Designated funds |
19 | 273,664 | 68,307 | ||
| General funds | 19 | 864,284 | 767,563 | ||
| Total unrestricted | funds | 19 | 1,137,948 | 835,870 | |
| TOTAL FUNDS | 1,958,198 | 1,433,463 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Donations | 22,996 | 22,996 | 30,091 | ||
| Legacies/In | Memorial | 187,421 | 187,421 | 206,362 | |
| 210,417 | 210,417 | 236,453 | |||
| TOTAL 2021 | 213,728 | 22,725 | 236,453 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 f. |
2022 E |
2022f | 2021 E |
|
| Grants Sale ofaids and equipment |
971 | 158,372 | 158,372 S71 |
324,171 70 |
| 971 | 158,372 | 159,343 | 324,241 | |
| TOTAL 2021 | 70,455 | 253,786 | 324,241 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| F | ||||
| Events | 2,320 | 2,320 | 1,805 | |
| TOTAL | 2021 | 1,805 | 1,805 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| E | ||||||
| Investment | income | - investment | properties | 52,850 | 52,850 | 29,960 |
| Investment | income | —listed investments | 10,575 | 10,575 | 10,544 | |
| Investment | income | - interest | 26 | 26 | 59 | |
| 63,451 | 63,451 | 40,563 | ||||
| TOTAL 2021 | 40,563 | 40,563 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| Other incoming | resources | 10 | ||
| TOTAL 2021 | 10 | 10 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| E | F | |||
| Premises costs | 30,260 | 11,765 | 42,025 | 23,913 |
| Staff costs | 8,716 | 8,716 | 15,972 | |
| Depreciation | 9,355 | 9,355 | 9,303 | |
| 30,260 | 29,836 | 60,096 | 49,188 | |
| TOTAL 2021 | 15,899 | 33,289 | 49,188 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Support | Total | Total | |||
| directly | costs | funds | funds | |||
| 2022 F |
2022f | 2022 E |
2021 E |
|||
| Expenditure | on charitable | activities | 275,677 | 55,891 | 331,568 | 262,154 |
| TOTAL 2021 | 219,100 | 43,054 | 262,154 |
| ANALYSIS | OF D | IRECT COSTS (continued) | ||
|---|---|---|---|---|
| Total | Total | |||
| funds | funds | |||
| 2022 | 2021 | |||
| E | E | |||
| Staff costs | 247,896 | 200,026 | ||
| Depreciation | 5,522 | 4,704 | ||
| Consumables | and | equipment | 17,183 | 12,226 |
| Staff and volunteer | travel | 2,896 | 945 | |
| Staff training | and | recruitment | 1,588 | 989 |
| Direct premises expenses | 592 | 210 | ||
| 275,677 | 219,100 | |||
| ANALYSIS OF SUPPORT COSTS | ||||
| Total | Total | |||
| funds | funds | |||
| 2022 | 2021 | |||
| F | F | |||
| Printing, postage and stationery |
2,990 | 2,170 | ||
| Recruitment | and support | 645 | 310 | |
| Telephone | 7,357 | 3,885 | ||
| Computer costs | 10,789 | 12,811 | ||
| Sundry expenses | 1,773 | 1,070 | ||
| Irrecoverable | VAT | 7,421 | 12,277 | |
| PR costs | 1,550 | |||
| Entertainment | charges | 1,283 | 120 | |
| Professional | fees | 18,183 | 6,911 | |
| Independent | Examiner's fees | 3,900 | 3,500 | |
| 55,891 | 43,054 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | |||||
| Wages and | salaries | 237,467 | 199,649 | ||
| Social security costs | 12,886 | 10,808 | |||
| Contribution | to defined | contribution | pension schemes | 6,259 | 5,541 |
| 256,612 | 215,998 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Charitable | 10 | |
| Fundraising | 1 | |
| Admin | 1 | |
| Management | 4 | |
| 16 | 14 |
| Long-term | |||
|---|---|---|---|
| leasehold | Fixtures and | ||
| property | fittings | Total | |
| f. | E | E | |
| COST OR VALUATION | |||
| At 1 April 2021 | 605,765 | 248,231 | 853,996 |
| Additions | 2,653 | 2,653 | |
| Revaluations | 63,132 | 63,132 | |
| At 31 March 2022 | 668,897 | 250,884 | 919,781 |
| DEPRECIATION | |||
| At 1 April 2021 | 285,600 | 233,904 | 519,504 |
| Charge for the year | 9,355 | 5,522 | 14,877 |
| On revalued assets | (294,955) | (294,955) | |
| At 31 March 2022 | 239,426 | 239,426 | |
| NET BOOK VALUE | |||
| At 31 March 2022 | 668,897 | 11,45& | 680,355 |
| At 31 March 2021 | 320,165 | 14,327 | 334,492 |
| Investment | |
|---|---|
| property | |
| VALUATION | |
| At 1 April 2021 | 353,955 |
| Revaluation | 92,148 |
| At 31 March 2022 | 446,103 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | |||
| DUE WITHIN | ONE YEAR | ||
| Trade debtors | 5,687 | 7,286 | |
| Prepayments | and accrued income | 3,959 | 4,110 |
| 9,646 | 11,396 |
| As | restated | |
|---|---|---|
| 2022 | 2021 | |
| E | E | |
| 385,583 | 354,950 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | E | ||
| Trade creditors | 6,259 | 3,515 | |
| Other taxation and social security | 1,928 | ||
| Other creditors | 8,552 | 9,700 | |
| Accruals and deferred | income | 33,936 | 53,836 |
| 48,747 | 68,979 |
| STATEMENT | OF | FUNDS | FUNDS | ||||
|---|---|---|---|---|---|---|---|
| STATEMENT | OF | FUNDS - CURRENT YEAR | |||||
| Balance at | |||||||
| Balance at 1 | Transfers | Gains/ | 31 March | ||||
| April 2021 | Income F |
Expenditure f. |
in/outf | (Losses) f |
2022 | ||
| Unrestricted | |||||||
| Funds | |||||||
| Designated | |||||||
| Funds | |||||||
| Volunteering | 15,440 | (13,053) | 3&,516 | 40,903 | |||
| Wyre Forest | |||||||
| Branch | 6,598 | (6,598) | |||||
| Low Vision | 16,559 | 16,559 | |||||
| Sight Loss | |||||||
| Support | |||||||
| Service | |||||||
| (previously | |||||||
| known as | |||||||
| Localeyes) | 37,000 | 84,455 | 121,455 | ||||
| Malvern Branch |
3,269 | 1,599 | (1,130) | 1,256 | 4,994 | ||
| Building | |||||||
| Maintenance | 6,000 | (6,000) | |||||
| Digital | |||||||
| Technology | 60,132 | 60,132 | |||||
| Well Being | |||||||
| Activities | 14,695 | 14,695 | |||||
| Counselling | 14,926 | 14,926 | |||||
| 68,307 | 1,599 | (20,781) | 224,539 | 273,664 | |||
| General Funds | |||||||
| General Funds | 747,175 | 275,560 | (178,535) | (204,151) | 224,235 | 864,284 | |
| Volunteering | 15,656 | (15,656) | |||||
| Influence, | |||||||
| Engagement | 8 | ||||||
| Development | 4,732 | (4,732) | |||||
| 767,563 | 275,560 | (178,535) | (224,539) | 224,235 | 864,284 | ||
| Total | |||||||
| Unrestricted | |||||||
| Funds | 835,870 | 277,159 | (199,316) | 224,235 | 1,137,948 |
| 19. | STATEMENT OF | FUNDS (CONTINUED) | FUNDS (CONTINUED) | |||
|---|---|---|---|---|---|---|
| Restricted | ||||||
| Funds | ||||||
| Sansome Walk | ||||||
| Property | 421,189 | (9,355) | 256,633 | 668,467 | ||
| Big Lottery | ||||||
| Reaching | ||||||
| Communities | 104,502 | 84,067 | (83,093) | 105,476 | ||
| Information, | ||||||
| Advice & | ||||||
| Support | 23,450 | (23,450) | ||||
| Low Vision | 26,092 | (26,092) | ||||
| Volunteering | 7,235 | 8,413 | (10,529) | 5,119 | ||
| Digital | ||||||
| Technology | 34,967 | 5,000 | (19,059) | 20,908 | ||
| Admin | 8,000 | (8,000) | ||||
| Well Being | ||||||
| (formerly | ||||||
| known as | ||||||
| Group | ||||||
| Support) | 6,250 | 25,000 | (10,970) | 20,280 | ||
| Bradbury Centre | 1,800 | (1,800) | ||||
| 597,593 | 158,372 | (192,348) | 256,633 | 820,250 | ||
| Total of Funds | 1,433,463 | 435,531 | (391,664) | 480,868 | 1,958,198 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | 31 March | ||||
| 1 April 2020 | Income | Expenditure | in/out | (Losses) | 2021 | ||
| E | E | F | F | ||||
| Unrestricted | |||||||
| Funds | |||||||
| Designated | |||||||
| Funds | |||||||
| Volunteering | 15,440 | 15,440 | |||||
| Wyre Forest | |||||||
| Branch | 6,197 | 700 | (299) | 6,598 | |||
| Sight Loss | |||||||
| Support | |||||||
| Service | |||||||
| (previously | |||||||
| known as | |||||||
| Localeyes) | 100,000 | (63,000) | 37,000 | ||||
| Malvern Branch |
1,715 | 1,835 | (281) | 3,269 | |||
| I.T. | 10,000 | (10,000) | |||||
| Building | |||||||
| Maintenance | 3,528 | (7,098) | 9,570 | 6,000 | |||
| Bid Writer | 14,200 | (14,200) | |||||
| 135,640 | 2,535 | (21,878) | (47,990) | 68,307 | |||
| General Funds | |||||||
| General Funds | 363,628 | 324,026 | (49,256) | 47,990 | 60,787 | 747,175 | |
| Volunteering | 15,656 | 15,656 | |||||
| Influence, | |||||||
| Engagement | & | ||||||
| Development | 4,732 | 4,732 | |||||
| 384,016 | 324,026 | (49,256) | 47,990 | 60,787 | 767,563 | ||
| Total | |||||||
| Unrestricted | |||||||
| Funds | 519,656 | 326,561 | (71,134) | 60,787 | 835,870 |
| Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | 31 March | |||||
| 1 April 2020 | Income | Expenditure | in/out | (Losses) | 2021 | |||
| E | E | F | E | |||||
| Restricted | ||||||||
| Funds | ||||||||
| Sansome Walk | ||||||||
| Property | 430,492 | (9,303) | 421,189 | |||||
| Big Lottery | ||||||||
| Reaching | ||||||||
| Communities | 64,456 | 112,200 | (72,154) | 104,502 | ||||
| Information, | ||||||||
| Advice 8 | ||||||||
| Support | 3,867 | 51,994 | (32,411) | 23,450 | ||||
| Low Vision | 1,583 | (1,583) | ||||||
| Volunteering | 10,169 | 37,678 | (40,612) | 7,235 | ||||
| Digital | ||||||||
| Technology | 35,162 | 1,000 | (1,195) | 34,967 | ||||
| Influence, | ||||||||
| Engagement | 8 | |||||||
| Development | 5,817 | (5,817) | ||||||
| Increasing | Our | |||||||
| Reach | 4,244 | (4,244) | ||||||
| Admin | 4,500 | 67,389 | (71,889) | |||||
| Fundraising | 1,000 | (1,000) | ||||||
| Well Being | ||||||||
| (formerly | ||||||||
| known as | ||||||||
| Group | ||||||||
| Support) | 6,250 | 6,250 | ||||||
| 561,290 | 276,511 | (240,208) | 597,593 | |||||
| Total of Funds | 1,080,946 | 603,072 | (311,342) | 60,787 | 1,433,463 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Gains/ | 31 March | ||||
| April 2021 | Income | Expenditure | in/out | (Losses) | 2022 | ||
| E | E | ||||||
| Designated | |||||||
| funds | 68,307 | 1,599 | (20,781) | 224,539 | 273,664 | ||
| General funds | 767,563 | 275,560 | (178,535) | (224,539) | 224,235 | 864,284 | |
| Restricted | funds | 597,593 | 158,372 | (192,348) | 256,633 | 820,250 | |
| 1,433,463 | 435,531 | (391,664) | 480,868 | 1,958,198 |
| Balance at | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | 31 March | ||||||
| 1 | April 2020 | Income | Expenditure | in/out | (Losses) | 2021 | |||
| E | |||||||||
| Designated | |||||||||
| funds | 135,640 | 2,535 | (21,878) | (47,990) | 68,307 | ||||
| General | funds | 384,016 | 324,026 | (49,256) | 47,990 | 60,787 | 767,563 | ||
| Restricted | funds | 561,290 | 276,511 | (240,208) | 597,593 | ||||
| 1,080,946 | 603,072 | (311,342) | 60,787 | 1,433,463 |
| ANALY | SIS OF NET ASSETS BETWEEN FU | NDS -CURRENT YEAR | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2022 F |
2022f | 2022f | ||
| Tangible | fixed assets | 126,831 | 553,524 | 680,355 |
| Fixed asset investments | 385,583 | 385,583 | ||
| Investment property |
338,382 | 107,721 | 446,103 | |
| Current | assets | 335,899 | 159,005 | 494,904 |
| Creditors | due within one year | (48,747) | (48,747) | |
| TOTAL | 1,137,948 | 820,250 | 1,958,198 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2021 | |||
| E | E | ||||
| Tangible | fixed assets | 334,492 | 334,492 | ||
| Investment | property | 268,485 | 85,470 | 353,955 | |
| Current | assets | 598,964 | 215,031 | 813,995 | |
| Creditors | due within one year | (31,579) | (37,400) | (68,979) | |
| TOTAL | 835,870 | 597,593 | 1,433,463 |