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|||||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|||||
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|||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|
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|||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||
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||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||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||||F|
|Events||2,320|2,320|1,805|
|TOTAL|2021|1,805|1,805||
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|||||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||
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||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||
##
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||||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||
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|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|
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|||||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|
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||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|
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|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|
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||||||||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|
##
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|||||||||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|
##
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||||||||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|
##
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|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|
##
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||||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|
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