## ## |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)|(1,8e6)| |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|| |Revaluationof investments|flr*)|l,rnu)| ||=
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(E-||| |t|||||||||| ## ## ## |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.||||