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|||CONTENTS||
|---|---|---|---|
|Trustees
Report|||page 4|
|Main Activities|||page 5|
|Structure,
Governance|and|Management|page 5|
|Financial
Review|||page 7|
|Statement
ofTrustees'|Responsibilities||page 8|
|Independent
Auditors'|Report to the||page 10|
|Members ofThe Voluntary||Association||
|for Surrey Disabled
Limited||||
|Balance Sheet|||page 16|
|Statement
of Financial|Activities||page 17|
|Notes to the Financial|Statements||page 18|
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|Risk||How this is being mitigated?|
|---|---|---|
|COVID19||The trustees
will continue to utilise
all available|
|pandemic
and
potential for||government
support
and follow updated
guidance.
The situation
will be regularly
reviewed
and action|
|future
restrictions||taken to mitigate
losses while ensuring
safety ofstaff.
The equipment
hire service has been relocated to the|
|||EF Mobilit
Centre at Carshalton|
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note||E'|||
|Fixed assets:||||||||
|Tangible assets|||||||334,907|
|Investments|||||5,945||4,281|
|Totalfixed assets|||||5,945||339,188|
|Current assets||||||||
|Stocks|||4|||2,431||
|Debtors|||5|928,515||584,611||
|Cash at bank and
in|hand|||57 143||32,000||
|Total current assets||||985,658||619,042||
|Creditors||||||||
|Amounts
falling due within one
year||||4,216||9,807||
|Net current assets|||||981,442||609,235|
|Amounts
falling due||after||||||
|more than one year||||||||
|Multi Employer
Pension
Scheme Provision|||15||(5,717)||(31,032)|
|Net assets|||||981670||917391|
|Accumulated
funds||||||||
|Unrestricted:
General|||||651,670||587,391|
|Permanent
Endowment||Fund|||330,000||330,000|
|Total accumulated|funds||||981670||917391|
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|FOR|THE Y|EAR ENDED 31|MARCH 2022|||
|---|---|---|---|---|---|
|||2022|2022|2022|2021|
||||Permanent|||
||||Endowment|Total||
||Notes|Unrestrictedf|Fundf|Funds
f|TotalFunds|
|INCOME AND ENDOWMENT||||||
|Donations
and legacies|10|256,877||256,877|5,856|
|Business Gra nts|10|3,053||3,053|32,084|
|Charitable
activites|10|15,195||15,195|16,714|
|Investment
income|10||||631|
|Total operating
income||275,125||275,125|55 285|
|EXPENDITURE||||||
|Charitable
activities||236,161||236,161|55,275|
|Total operating
expenditure||236 161||236,161|55,275|
|Net operating
income /
(expenditure)||38,964||38,964|10|
|Net gains/(losses)
on||||||
|investment
assets||||||
|Net income / expenditure||38,964||38,964|10|
|(toss)/gain
on multi employer
defined benefit pension scheme|15|25,315||25,315|5,737|
|Net movement
in funds||64,279||64,279|5,747|
|Total funds brought
forward||587,391|330,000|917,391|911,644|
|Total funds carried forward||651,670|330000|981670|917391|
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|TANGIBLE FIXEDASSE|TS|||||||
|---|---|---|---|---|---|---|---|
||||||Freehokl
property|Equipment|Total|
|Cost at 1.4.21|||||330,000|16,181|346,181|
|Additions||||||||
|Disposals
Cost at 31.3.22|||||330000|15059
1 122|345059
1122|
|Depreciation at 1.4.21||||||11,274|11,274|
|Charge for year||||||||
|Disposals||||||10152|10152|
|Depreciation at 31.3.22||||||1122|1 122|
|NET BOOK VALUE at31.3.22||||||||
|NET BOOK VALUE at 1.4.21|||||330000|4 907|334907|
|The historical cost ofthe Freehold||property|is 6458,450(2021:6458,450)|||||
|FIXEDASSETINVESTMENTS||||||||
|||||||2022|2021|
|||||||Total|Total|
||||||||E|
|Quoted Investmente||||||||
|Market value as at 1.4.21||||||4,281|3,650|
|Unrealised
gain/(loss)||||||1664|631|
|Market value as at 31.3.22||||||5 945|4 282|
|STOCKS||||||||
|||||||2022|2021|
|||||||Total|Total|
||||||||6|
|Stock Value|||||||2 431|
|Stocks comprise
items purchased||for resale|and|are stated|at the lower ofcost or|net realisable
value,|aRer making|
|due allowance for obsolete|and slow moving||stock.|||||
|DEBTORS||||||||
|||||||2022|2021|
|||||||Total|Total|
|||||||E||
|Prepayments|||||||981|
|Amount
due from parent organisation||||||594,312|572,491|
|Amount
due from QEF Trading||||||1,149|1,149|
|Amount
due from holklay|bookings|||||1,010|9,346|
|Assets
held for Sale||||||330,000||
|Other Debtors||||||2 044|644|
|||||||928 515|584 611|
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|CREDI|TORS st DEFERRED INCOME|||
|---|---|---|---|
|||2022|2021|
|||Total|Total|
||||6|
|Accruals||3,149|4,444|
|Deferred|Income||3,412|
|Sundry|Creditors|1,067|1,950|
|VAT||||
|||4 216|9807|
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|STATEMENTOFFUNDS|||||
|---|---|---|---|---|
||Balance at 1
April 2021|Incoming
Resources|Outgoing
Resources|Balance at31
March 2022|
|Unrestricted
Funds:|||||
|General
Fund|556,359|300rt40|210,846|645,953|
|Pensions (See note 15)|31032
587,391|300,440|25 315
236,161|5 717
651,670|
|Restricted Funds:|||||
|Equipment
Fund|||||
|Endowment
Fund:|||||
|Elmer Sands property|330000|||330000|
|Total Ag Funds|917391|300440|236 161|981670|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS|||||
|2022||Endowment
Fund|Unrestriaed
GeneralFund|Total2022|
||||6|6|
|Tangible fixed assets
Investments|||5,945|5,945|
|Current assets||330,000|655,658|985,658|
|Current
liabilities|||(4,216)|(4,216)|
|Pension
Deficit|||5 717|5 717|
|||330000|651670|981670|
|2021||Endowment
Fund|Unrestricted
General Fund|2021|
|||6||6|
|Tangible fixed assets
Investments||330,000|4,907
4,281|334,907
4,281|
|Current assets|||619,042|619,042|
|Current
liabilities
Pension
Deficit|||(9,807)
31032|(9,807)
31032|
|||330000|587391|917391|
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|9|RECONCILIATION|RECONCILIATION|OF MOVEMENT IN FUNDS|OF MOVEMENT IN FUNDS|OF MOVEMENT IN FUNDS|OF MOVEMENT IN FUNDS||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2022|2021|
|||||||||||Total|Total|
|||||||||||6|F.|
||Opening
funds|||||||||917,391|911,644|
||Net movements|ofresources||in the||year||||64 278|5 747|
||Closing funds|||||||||981669|917391|
|10|INCOME AND ENDOWMENT|||||||||||
|||||||||||2022|2021|
|||||||||||Total|Total|
|||||||||||E|E|
||Donations
and legacies|||||||||256,877|5,856|
||Business Grants|||||||||3,053|32,084|
||Charitable
activities|||||||||15,195|16,714|
||Investment
income||||||||||631|
|||||||||||275 125|55 285|
||All ofthe current|and|comparative|||year income was|unrestricted|||||
||Business Grants|in 2022 comprised||||income from the|Coronavirus||Job Retention|Scheme of63k. In 2021,||
||the Charity received||income of632k ofwhich 613k||||related to|the|Coronavirus|Iob Retenaon|Fund and|
||519kfrom the Retail,||Hospitality||and Leisure fund.|||||||
|11|TOTAL RESOURCES EXPENDED|||||||||||
||||||||2022||2022|2022|2022|
|||||||Staff Cosbs||Depreciation||Other Costs|Total|
||||||||E||6||6|
||Provision of holidays|||||||||5,742|5,742|
||Grant to parent|charity||||||||190,000|190,000|
||S up po* costs||||||23,006|||14,942|37,948|
||Audit and accountancy|||||||||2 471|2 471|
||||||||23 006|||213 155|236 161|
||||||||2021||2021|2021|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Staff|Costs|Depreciation||Other Costs|Total|
||||||||E|||E|f.|
|Provision of|holidays|||||||||10,999|10,999|
|Provision of|disability|||||||||||
|equipment||||||||||290|290|
|Suppo* costs||||||24,991|||1,724|14,991|41,706|
|Fundraising|and||publicity|||||||||
|Audit and accountancy||||||||||2 280|2 280|
|||||||24 991|||1724|28 561|55 275|
|OPERATING||INCOME||||||||||
|||||||||||2022|2021|
|||||||||||Total|Total|
|||||||||||E|F.|
|Surplus/(DeBcit)
Assets|||before|Auditors|Remuneration|and|Depreciation||of Fixed|66,750|9,751|
|This is stated||aner charging:||||||||||
|Auditors
Renumeration||||||||||2,471|2,280|
|Depreciation||of|Tangible|Fixed Assets|||||||1724|
|||||||||||64,279|5,747|
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|Present value|of provision|of provision|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||31March|31March|31March|
|||||||||2022f|2021
6|2020f|
|Present value of provision||||||||5 717|31032|36 769|
|Reconciliation|of opening||and|closing||provisions|||||
||||||||||31March|31March|
||||||||||2022
f.|2021f|
|Provision at start||of period|||||||31,032|36,769|
|Unwinding
ofthe|discount factor (interest expense)||||||||179|826|
|Deficit contribution||paid|||||||(7,853)|(7,624)|
|Remeasurements||—impact ofany changes||||in assumptions|||(131)|1,061|
|Remeasurements||- amendments||to the contribution|||schedule||17510||
|Provision at end|of period||||||||5 717|31032|
|Income and expenditure|||impact||||||||
||||||||||31March|31March|
||||||||||2022
6|2021f|
|Interest expense|||||||||179|826|
|Remeasurements||—impact ofany changes||||in assumptions|||(131)|1,061|
|Remeasurements||—amendments||to the contribution|||schedule||(17,510)||
|Contributions
paid||in respect|offuture service||||||||
|Costs recognised||in income and expenditure||||account|||||
|Assumptions|||||||||||
|||||||||31March|31March|31March|
|||||||||2022|2021|2020|
|||||||||o/o per|/o per|o/o per|
|||||||||annum|annum|annum|
|Rate of discount||||||||2.35|0.66|2.53|
|The discount rates shown above||||are|the equivalent||single discount rates which,||when
used to discount the||
|future
recovery|plan contributions|||due, would give the same||||results as using a|full AA corporate|bond yield|
|curve to discount||the same recovery|||plan contributions.||||||
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E|E|
|Queen Elizabeth's||Foundation|for Disabled|People|594,312|572,491|
|QEF Trading|Ltd||||I,149|1,149|
|Medical Engineering||Resource|Unit||1 010||
||||||596471|573639|
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