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2023-03-31-accounts

President Mr J Weld
Patrons The LordFellowes ofWest Stafford,DL
Lady Emma Kitchener-Fellowes
MrSFrears
DirectorsandTrustees MrsMLGrundmann
Mrs HRockett
MrsPLJones
MrM Dowley
MsTL Bastard
MrJPerry
MrsJessica Webster
Secretary MrJ NHolyhead
Chiefexecutive MrJ NHolyhead
Charity number 1140321
Gompany number 07435564
Registered office 17BournemouthRoad
LowerParkstone
Poole
Dorset
BH14OEF
lndependent examiner MorrisLane
31/33 CommercialRoad
Poole
Dorset
BH14OHU
Bankers Barclays BankPLC
100 HighStreet
Poole
Dorset
BH,I51BL
Solicitors Druitts Solicitors,
Borough Chambers,
Fir Vale Road,
Bournemouth,
Dorset,
BH1 2JE
lnvestment advisors Charles Stanley & CoLtd
Vadatech House
Hounsdown Business Park
Bulls CopseRoad
Southampton
Hampshire
SO4OgLR

Page
Trustees'report 1-10
lndependent examiner'sreport 11
Statement offinancial activities 12
Statement offinancialposition 13-14
Statementofcashflows 15
Notes tothe financialstatements 16-30

Unrestricted Unrestricted Unrestricted Unrestricted Unrestricted Unrestricted Restricted Total Total
funds funds funds
Notes generaldesignated
2023
2023
t
€		 2023
t		 2023
e€		 2022
lneome andendowmentsfrom:
Donationsandlegacies
Charitableactivities		 2
3		 322,404
595		 41,650 364,054
595		 270,776
153
Othertrading activities
lnvestments		 4
5		 578,598 o 578,598
6,060		 427,198
4,576
Otherincome 6 - 25,904
Totalincome 907,626 22 41,659 949,307 728,607
Exoenditure on:
Raisingfunds 411,718 411,718 325,895
Charitableactivities 380,011 35,641 415,652 365,138
Totalresources expended 791,729 35,641 827,370 691,033
Netgains/(losses)oninvestments1 2 (21,31e) (21,319)
Netincoming resources before
transfers 94,578 22 6,018 100,618 35,678
Grosstransfersbetweenfunds 1,000 (1,000)
Netmovementinfunds 95,578 (e78) 6,018 100,618 35,678
Fundbalances at1April2022 437,332 85,805 4,266 527.403 491.725
Fundbalancesat31March2023 532,910 84,827 10,284 628,021 527,403
: : :::

2023 2022
Notes E t €
Fixedassets
Property, plantand equipment 14 290,232 75,681
lnvestments 15 119,783 236,052
410,015 31't,733
Gurrentassets
lnventories 17 10,117 6,387
Tradeand otherreceivables 18 109,008 82,151
Cashatbankandin hand 126,556 153,596
245,681 242,134
Current Iiabilities 't9 (27,675) (26,464)
Netcurrentassets 218,006 215,670
TotalassetsIesscurrentliabilities 628,021 527,403
:
lncomefunds
Restrictedfunds 22 10,284 4,266
Unrestrictedfunds
Designatedfunds 23 84,827 85,805
Generalunrestrictedfunds 532,910 437,332
617,737 523,137
628,021' 527,403
:

Notes 2023
sEte		 2022
Cashflowsfrom operatingactivities
Cashgenerated fromoperations 26 125,871 84,413
lnvestingactivities
Purchase ofproperty, plantand equipment (253,e21) (52,e21)
Purchaseofinvestments (43,450) (159,086)
Proceeds on disposalofinvestments 138,400 39,816
lnvestmentincome received 6,060 4,576
Netcash used in investingactivities (152,911) (167,615)
Netcash usedinfinancing activities
Netdecrease in cashandcash equivalents (27,040) (83,202)
Cash and cash equivalents atbeginning ofyear 153,596 236,798
Cashand cash equivalentsatend ofyear 126,556 153,596

Freeholdproperty
Leaseholdimprovements
Fixtures,fittings&equipment
Computerequipment
Motorvehicles		 50 yearsstraightline
10yearsstraightline
5years straightline
100o/o
25%reducing balance


on astraightlinebasisover the term ofthe re
Donations andIegacies
levantlease.
Unrestricted Restricted Total Total
funds
funds		 2023 2022
general
€ E t
Donations andgifts 41,269 41,269 29,031
Legacies receivable 176,251 176,251 110,904
Grants receivable 104,884 41,650 146,534 130,841
322,404 41,650 364,054 270,776
: :
For theyearended 31March2022 239,146 31,630 270,776
:

Charitableactivities
2023 2022
€ €
Transcriptionincome 595 153
:
Othertradingactivities
2023 2022
f f
Fundraisingevents 37,822 23,322
Shopincome 540,776 403,876
Othertradingactivities 578,598 427,198
: :

Unrestricted Unrestricted Unrestricted Unrestricted Restricted Total Total
funds funds funds
generaldesignated
2023
2023		 2023 2023 2022
tt t c t
lncomefromlisted investments
lnterestreceivable		 4,608
1,421		 22 I 4,608
1,452		 3,731
845
6,029 22 6,060 4,576
:
Other income
2023 2022
€ f
Otherincome 25,904

2023 2022
E f,
Fundraisino andoublicitv
Otherfundraisingcosts 11,901 735
Supportcosts 497
Fundraising and publicity 11,901 1,232
Tradino costs
Operating charityshops 179,888 156,457
Staff costs 213,066 161,884
Supportcosts 4,569 3.923
Trading costs 397,523 322,264
lnvestment manaoement 2,294 866
411,7',tg 325,895
: :

2023 2022
E e
Staff costs
Shopandofficecosts
Stafftravelling, expensesandtraining
Rent
Rates		 229,655
2,568
15,507
24,485
480		 202,335
4,414
12,890
21,563
245
Heatand light
lnsurance
Telephone
Socialandoutings
Homevisitingscheme
Dorsetlink
Bad debtswritten off		 4,741
5,581
1,723
10,958
804
1,655
282		 3,457
5,887
1,899

2,412
510
939
144
Sightequipment vehicle expenses 6,631 4,788
305,070 261,479
Shareofsupport costs(seenote9) 95,514 88,975
Shareof governance costs (seenote 9) 15,068 14,684
415,652 365,138
:
Analysisbyfund
Unrestrictedfunds- general
Restrictedfunds		 380,011
3s,641		 333,508
31.630
!"= 365,1 38
For theyearended 31March2022
Unrestrictedfunds- general 333,508
Restrictedfunds 31,630
365,138

Support costs
SupportGovernance
costs
costs		 2022 Basis of allocation
f E € €
Staff costs 31,859 31,859 29,184 Stafftime
Depreciation 39,370 39,370 38,046 Support
Rent 4,610 4,610 4,626 Usage
Rates 160 160 82 Usage
Heatand light 655 655 484 Usage
lnsurance 1,860 1,860 1,963 Usage
Telephone 575 575 633 Usage
Officecosts 11,742 11,742 11,194 Usage
Bankcharges 4,683 4,683 3,260 Usage
Legalandprofessional 16,760 16,760 15,527 Governance
lndependent examiners Governance
fees 2,877 2,877 3,080
95,514
:		 19,637
:		 3'.' 11'*
Analysedbetween
Fundraising
Trading
Charitable activities		 95,51; 4,569
15,068		 -
4,569
110,582		 497
3,923
103,659
95,514 19,637 115,151 108,079
:

The average monthlynumber ofemployees during th eyearwas:
2023 2022
Number Number
Administration 4 4
Servicedelivery 5 5
Shop staff 10 10
19
--:
Employment costs 2023
e		 2022
t
Wagesand salaries 436,049 277,690
Social securitycosts 30,079 19,475
Otherpensioncosts 8,452 3,880
474,580 393,403
Netgains/(losses)oninvestments
2023 2022
ft
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15 Fixedasset investments
2023t 2022
f
Listedinvestments 3',* 236,052
:
2023 2022
t t
Listed investments carrying amount 1'19,783 236,052
Fixed asset investments revalued
Thehistorical cost ofthe investmentsisL124,709(2022:f232,330.
Movements in non-current investments
Shares
Gost orvaluation .€
At 31March 2023 236,052
Additions 43,270
Valuationchanges (21,139)
Disposals (138,400)
At 31March 2023 119,783
Garrying amount
At 31March 2023 119,783
At31March2022 236,052
:
16 Financial instruments 2023 2022
E f
Carrying amountoffinancialassets
lnstrumentsmeasured at fair valuethroughprofitorloss 119,783 236.052
17 lnventories
2023 2022
t e
Finishedgoodsandgoodsforresale 10,117 6,387

18 Trade andother receivables
Amountsfallingduewithinoneyearl 2023
t		 2022f
Tradereceivables 65 4,198
Other receivables 63,788 49,225
Prepaymentsandaccruedincome 45,155 28,728
109,008 *rr,
:
19 CurrentIiabilities
2023 2022
.c f
Othertaxation and social security 7,690 5,890
Tradepayables 6,498 8,258
Otherpayables 2,502 '1,983
Accruals and deferredincome 10,985 10,333
27,675 '26,464
: :


At 31 March2022lhecompanyannualcommitments und		 ernon-cancellable operatingleases asfoll ows:
2023 2022
ET
Withinoneyear 10't,950 101,950
Betweentwoandfiveyears 379,702 407,800
ln overfiveyears 112,568 185,790
594,220 695,540

Movement infunds Movement infunds
Balanceat1
April2022
e		 lncoming
resources
€		 ResourrcesBalance
expendedMarch
t		 at31
2023
E
ChildrensFund 4,266 I 4,275
LloydsFoundationforEngland and Wales 41,650 (35,641) 6,009
4,266 41,659 (35,641) 10,284
: : : :


unrestricted fundsby the trusteesfor sp
ecificpurposes:
VIPDiary Group 10,805 22 (1,000) s,827
ShopsFund 75,000 - 75,000
85,805 22 (1,000) 84,827
: :

Analysisofnetassetsbetweenfunds
UnrestrictedDesignatedRestricted
funds
funds
funds		 Total Total
2023
rf€		 2023 2023 2023
It		 2022
Fundbalancesat31 March
2023arerepresentedby:
Property, plantand equipment
lnvestments
Current assets/(liabilities)		 290,232
44,783
197,895		 75,000

9.827		 10.284 290,232
119,783
218,006		 75,681
236,052
215,670
532,910 84,827 10,284 628,A21 527,403
::

2023
f,		 ^[ 2022
Aggregatecompensation 52,845 50,597
:

Purchase of goods
2023 2022
f f
Otherrelated parties 5,010
:

26 Cash generatedfromoperations 2023 2022
€ €
Surplus for theyear 100,618 35,678
Adjustmentsfor:
lnvestment income recognisedinstatementoffinancial activities (6,060) (4,576)
Fair value gainsand losses oninvestments 21,319 1,896
Depreciation and impairment ofproperty,plantand equipment 39,370 38,046
Movementsinworkingcapital:
(lncrease)ininventories (3,730) (1,009)
(lncrease)/decreaseintrade and other receivables (26,857) 9,463
lncreaseintrade and otherpayables 1,211 4,915
Cash generatedfromoperations 125,871 84,413
: :
27 Analysisof changes innetfunds
At1April2022 CashflowsAt31 March 2023
I f€
Cash atbankandin hand 153,596 (27,040)126,556
153,596 (27,040) 126,556
: : :
Thecharityhad no debtduringthe year.