# **AMBITION LAWRENCE WESTON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st ] DECEMBER 2022**
**Charity Number 1152237 Company Registration Number 08179331**
**AMBITION LAWRENCE WESTON**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
|**CONTENTS**|**PAGE**|
|---|---|
|Legal and Administrative Information|1|
|Trustees Annual Report|2 - 6|
|Independent Examiner’s Report|7 - 8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Financial Statements|11 - 21|
**AMBITION LAWRENCE WESTON**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
## **YEAR ENDED 31 DECEMBER 2022**
## **Status**
Ambition Lawrence Weston is a company limited by guarantee (registration number 08179331) and granted charitable status by the Charity Commission registration number 1152237.
## **Trustees (also known as Directors)**
Norman Routledge Waltraud Pospischil Stephen Hall Jamie Siggers Katrina Booker Jackie Crouch Birgit Thornhill Amy Smith (Resigned 3 September 2022) Tim Leaman Jordan Hudd Norman Laity (Appointed 19 April 2022)
## **Company Secretary**
Mark Pepper
## **Registered Address**
Ambition Lawrence Weston c/o Lawrence Weston Youth Centre Long Cross Lawrence Weston Bristol BS11 ORX
## **Bankers**
Unity Trust Bank Nine Brindleyplace Birmingham B1 2HB
## **Independent Examiner**
Joshua Kingston BSc, ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
1
**AMBITION LAWRENCE WESTON**
**TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
The trustees present their report and the unaudited financial statements for the year ended 31 December 2022.
## **Structure, Governance and Management**
The charity is constituted as a company limited by guarantee, incorporated on 14[th] August 2012, registered under the Companies Act (registration number 08179331) and its governing document is a Memorandum of Articles of Association. It was granted a charitable status on 31[st] May 2013 by the Charity Commission under registration number 1152237.
At present the charity is over seen by 11 trustees, with a majority of these being local residents. We recruit new trustees as and when the charity’s needs and demands require. We do this through advertising in our local newsletter, via our social media platforms and website, and though third party VCS organisations, such as “Voscur” and “Locality”, and via our city wide business links. We then interview candidates to ensure they hold the correct skills, knowledge and experience to bring value to the board and the charity’s overall aims.
## **Trustees**
Ambition Lawrence Weston is an incorporated charity and therefore the Directors of the Company are also the Charity Trustees for the purposes of charity law. The trustees are listed on page 1.
Board meetings are held one every six weeks.
## **Policies**
The trustees have agreed policies covering the following areas:
- Register of Trustees Interests
- Trustee Code of Conduct
- Safeguarding vulnerable adults
- Child protection
- Finance:
- Purchasing and procurement
- Expenses
- Revenue
- Reserves
- Card transactions
- Bank, receipts, and reconciliations
- Fixed assets
- Fraud
- Recruitment
- Employment
- Capability
- Equalities and diversity
- Risk assessment
- Grievance
- Data protection/ general data protection regulation
2
**AMBITION LAWRENCE WESTON**
**TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
## **Objectives**
The promotion of urban regeneration in areas of social and economic deprivation for public benefit, and in particular in the area of Lawrence Weston and the surrounding neighbourhoods in the City of Bristol, by all or any of the following means; (i) the relief of poverty and financial hardship (ii) the maintenance improvement of provision of public amenities (iii) the protection or conservation of the environment (iv) the promotion of public safety and the prevention of crime (v) the creation of training and employment opportunities by the provision of workspace, buildings, and/or land for use on favourable terms (vi) the provision of public health facilities and childcare and the promotion of health of local inhabitants for the public benefit.
## **Public benefit**
In shaping the objectives for the year and planning activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’.
## **Activities and achievements**
The twelve months since its last report and financial statements has seen a need to partly revert to our original intended Pre covid service delivery following the easing of the National covid related lockdown, and the change of services forced upon us as a result.
This relates to recommencement of some face to face delivery, group activities and other works.
Delivery
There have been two major events :
- a) Our offices and youth centre suffered a fire in September 2022 which resulted in a significant curtailment of our activities operated from these premises for over 5 months. Cost of repair and refurbishment covered by our insurance policy.
- b) For the past 10 years we had received significant funding the national lottery big local programme. These funds came to an end during 2022. We have secured other funding and do not anticipate any reduction in our activities as a result.
There has been a continuation in resident pandemic support that including:
- Delivering a shopping service to residents that were vulnerable or needing to home isolate.
- Pick up and drop off of resident’s medical prescriptions.
- Support resident volunteers to fundraise and deliver food parcels to the most vulnerable.
- To manage and be accountable for various private companies, local authority and government grants to deliver financial support to vulnerable residents
- Supported the delivery of over 800 food parcels.
- Acting as a Community Hub for the local authorities Covid response programme.
In addition to the above Pandemic response activities, we have also:
- Continued to progress our Community Led Housing project. Planning application approved
3
**AMBITION LAWRENCE WESTON**
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
- Continued to Support Ambition Community Energy with the Community Owned Wind Turbine project, Planning application approved.
- Continued to re design and secure funding for a new stand-alone Community Hub
- Delivered Holiday Hunger/family trips scheme.
- Commissioned several contracts and consultants with the relevant skills and experience to support us in our work.
- Continued to manage the remainder of the original £1 million of funding from the Big Local Lottery Trust.
- Continued to produce and maintain our own website www.ambitionlw.org and social media profiles.
- Raised additional funding for various projects/work.
- Facilitated the ALW Network Group, a meeting that links all service providers together to inform them of our resident’s needs and wants and facilitate a joined-up approach to service delivery.
- Continue to Influence many developments through the facilitation of the Lawrence Weston Planning forum via the Lawrence Weston Neighbourhood development Plan.
Some of the charities work delivered in 2023 include
- Providing financial support to vulnerable residents during the cost of living crisis
- Providing low energy consuming household equipment to aid lower fuel bills
- Facilitating debt advice to residents
The above helps to meet the charities objective: (i) _**the relief of poverty and financial hardship.**_
- Refurbishment of the Charities leased venue that includes redecoration of the building including the replacement of the gym floor, doors, and training room space for resident and other VCS usage.
- We continue to progress our Community building project, our affordable housing development and the commissioning of our community owned wind turbine.
The above helps to meet the Charities objective: (ii) _**the maintenance improvement or provision of public amenities**_
- Many elements of the residents Climate action plan have been delivered, such as the implementation of a community allotment, community planters, and gorilla gardening in the local area.
The above helps to meet the Charities objective: (iii _**) the protection or conservation of the Environment**_
- We continue to deliver the monthly Planning Forum where planning issues are considered alongside community issues such as safety and policing issues.
- The above helps to meet the Charities objective: (iv) _**the promotion of public safety and prevention of crime**_
- We continue to facilitate training and employment support, job fairs and CV clinics for our local residents from our charities venue
The above helps to meet the Charities objective: (v) _**the creation of training and employment opportunities….**_
4
**AMBITION LAWRENCE WESTON**
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
- We have delivered a “Mens health day”, “Grow cook and eat” project, walking groups, women’s walking basketball, and several other health improvement activities as well as child focused school holiday activities based on healthy living.
- The above helps to meet the Charities objective: (vi) _**The provision of public health facilities and childcare, and the promotion of health of local inhabitants for the public benefit**_ .
## **Financial review**
The result for the period is a surplus of £93,797 against a deficit of £29,259 in the prior year. The principal reason for this being a delayed payment in the prior year, from Local Trust for the delivery of the Big Local Programme.
## **Reserves**
In order to maintain effective operations of the organisation the Board has agreed to maintain a financial reserve of 3 months operating costs which equates to approx. £40,000.
This level of reserve would allow staff to continue working to secure new funding and if necessary to allow a period of time to cut services in a way whereby service users are supported to move on. The Board has agreed that a period of 6 months reserve should be the longer term aim. This is an amount it considers prudent in the event of a major business interruption as determined by an analysis of risks to the charity.
At the year-end total reserves amount to £477,801 compromising of £83,363 unrestricted free reserves, and restricted funds of £394,438. The current level of free reserves is higher than the anticipated amount £40,000. The trustees review the current financial position and the level of reserves at each Board meeting. If it appears that the level of reserves is moving in a direction that could mean that meeting the policy is at risk, appropriate corrective actions will be considered. This ensures that such actions will be taken on a timely basis.
## **Going concern**
The Board has no material uncertainties about the charity’s ability to continue as a going concern.
5
**AMBITION LAWRENCE WESTON**
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
## **Statement of trustees’ responsibilities**
The trustees (who are also directors of Ambition Lawrence Weston for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Jun 14 2023
Signed on behalf of the charity’s trustees/directors on ……………………………………………
…………………………………
Norman Routledge
(Trustee)
6
**AMBITION LAWRENCE WESTON**
**INDEPENDENT EXAMINER’S REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
## **Independent examiner’s report to the trustees of Ambition Lawrence Weston (‘the Company’)**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
7
**AMBITION LAWRENCE WESTON**
**INDEPENDENT EXAMINER’S REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Josh Kingston ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
Jun 14 2023
Date: ……………………………
8
## **AMBITION LAWRENCE WESTON**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2022**
|**Note**
**Income from:**
Donations and grants
**2**
Other trading activities
**4**
Other income
**Total income**
**Expenditure on:**
Charitable activities
**5**
**Total expenditure**
**Net income/(expenditure)**
**7**
**Transfers between funds**
**12**
**Net movement in funds**
**Total funds at start of year**
**12**
**Total funds at end of year**
**12**|**Unrestricted**
**Funds**
**£**
10,066
9,195
-
19,261
18,135
18,135
1,126
10,130
11,256
77,138
88,394|**Restricted**
**Funds**
**£**
301,207
8,332
750
310,289
217,618
217,618
92,671
(10,130)
82,541
306,866
389,407|**Total Funds**
**2022**
**£**
311,273
17,527
750
329,550
235,753
235,753
93,797
-
93,797
384,004
477,801|Total Funds
2021
£
262,087
15,704
-|
|---|---|---|---|---|
|||||277,791|
|||||307,050|
|||||307,050|
|||||(29,259)
-|
|||||(29,259)
413,263|
|||||384,004|
The Charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
**The notes on pages 11 to 21 form part of these financial statements. See note 9 for fund accounting comparative figures.**
9
## **AMBITION LAWRENCE WESTON**
## **BALANCE SHEET**
|**AS AT 31 DECEMBER 2022**|**Company number: 08179331**|**Company number: 08179331**|
|---|---|---|
|**Note**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Liabilities**
Creditors : amounts falling
**11**
due within one year
**Net current assets**
**Net assets**
**FUNDS**
**Unrestricted funds**
**13**
**Restricted funds**
**13**
**Total funds**|**2022**
**£**
4,592
481,755
486,347
(8,546)
477,801
477,801
88,394
389,407
477,801|2021
£
63,828
327,032|
|||390,860
(6,856)|
|||384,004|
|||384,004|
|||77,138
306,866|
|||384,004|
For the year in question, the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities;
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
## Jun 14 2023
These financial statements were approved by the trustees on …............................ and are signed on their behalf by:
…...................................................... …...................................................... Normant Routledge Stephen Hall (Trustee) (Trustee)
**The notes on pages 11 to 21 form part of these financial statements.**
10
## **AMBITION LAWRENCE WESTON**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **1 Accounting policies**
## **Accounting convention**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019.
The charity is a public benefit entity as defined under FRS102.
The trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern.
## **Income**
Income from donations is included in income when these are receivable, except as follows:
I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;
II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.
Legacies are included on a receivable basis where charity is entitled to the income, it can be measured reliably and receipt is probable. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is not included in income but is treated as a contingent asset and disclosed if material.
Investment income is included on a receivable basis.
Donations in kind comprise donated services where the costs are measurable and the services would otherwise have to be paid for to maintain operational effectiveness.
## **Expenditure**
Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.
## **Charitable Activities**
Grants awarded are allocated to charitable activities.
Grants awarded are treated as expenditure and a liability in the accounts as soon as they become legal or constructive obligations. In the case of multi-year grant awards, the funding for all years is immediately recognised unless there are conditions which need to be met by the recipient to enable the release of subsequent years’ funding.
## **Governance costs**
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Governance costs are included within support costs.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered .
11
## **AMBITION LAWRENCE WESTON**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
- **1 Accounting policies (** _**continued)**_
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statements of financial position, bank overdrafts are shown within borrowings or current liabilities.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.
Further explanation of the nature and purpose of each fund is included in notes to the financial statements.
## **2 Income from: Donations and grants**
|Donations
Grants received
**Prior year comparative**
Donations
Grants received|**Unrestricted**
**Funds**
**£**
5,108
4,958
10,066
**Unrestricted**
**Funds**
**£**
196
18,435
18,631|**Restricted**
**Funds**
**£**
3,865
297,342
301,207
**Restricted**
**Funds**
**£**
23,686
219,770
243,456|**Total Funds**
**2022**
**£**
8,973
302,300|
|---|---|---|---|
||||311,273|
||||**Total Funds**
**2021**
**£**
23,882
238,205|
||||262,087|
## **3 Government grants**
The charitable company receives government grants, defined as funding from, Bristol City Council, HMRC & the National Lottery to fund its charitable activities. The total value of such grants in the period ending 31 December 2022 was £206,140 (2021: £184,947). There are no unfulfilled conditions of contingencies attaching to these grants in the current or prior year.
12
## **AMBITION LAWRENCE WESTON**
## **NOTES TO THE FINANCIAL STATEMENTS**
**YEAR ENDED 31 DECEMBER 2022**
- **4 Income from: other trading activities**
|**4**
**Income from: other trading activities**||||
|---|---|---|---|
||**Unrestricted**
**Funds**
**£**|**Restricted**
**Funds**
**£**|**Total Funds**
**2022**
**£**|
|Room hire
Other services|40
9,155|8,305
27|8,345
9,182|
|**Prior year comparative**
Room hire
Other services|9,195
**Unrestricted**
**Funds**
**£**
-
2,084|8,332
**Restricted**
**Funds**
**£**
13,530
90|17,527|
||||**Total Funds**
**2021**
**£**
13,530
2,174|
||2,084|13,620|15,704|
## **5 Expenditure on: Charitable activities**
|Consultancy
Grants issued
Events
Volunteer expenses
Media & communications
Staff Costs:
Wages & NI general
Pensions
Staff travel
Premise expense:
Rent & rates
Maintenance expense
Telephone & broadband
Utilities
Office & admin
Other expenses:
Printing, stationery & postage
Insurance
Professional fees
Governance costs (Note 6)
Subscriptions
Bank charges
Other costs
Admin fee reclaimed|**Unrestricted**
**Funds**
**£**
135
4,000
125
20
24
2,572
4,639
1,140
58
182
165
273
267
636
-
1,034
2,280
417
168
-
-
18,135|**Restricted**
**Funds**
**£**
49,654
6,499
10,890
271
849
116,780
-
233
2,442
3,827
409
7,990
200
5,039
1,728
7,967
-
127
-
2,713
-
217,618|**Total Funds**
**2022**
**£**
49,789
10,499
11,015
291
873
119,352
4,639
1,373
2,500
4,009
574
8,263
467
5,675
1,728
9,001
2,280
544
168
2,713
-|
|---|---|---|---|
||||235,753|
13
## **AMBITION LAWRENCE WESTON**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
- **5 Expenditure on: Charitable activities** _**(continued)**_
|**Prior year comparatives**
Consultancy
Grants issued
Events
Volunteer expenses
Return of unspent grants
Media & communications
Staff Costs:
Wages & NI general
Pensions
Staff travel
Premise expense:
Rent & rates
Maintenance expense
Telephone & broadband
Utilities
Office & admin
Other expenses:
Printing, stationery & postage
Insurance
Professional fees
Governance costs (Note 6)
Subscriptions
Bank charges
Other costs
**6**
**Governance Costs**
**Unrestricted**
**Funds**
**£**
Independent examination/ accountancy
2,280
2,280
All governance costs in the prior year were unrestricted.
**7**
**Net income/(expenditure) for the year**
This is stated after charging:
Independent examiner's fees:
- for independent examination
- for other accounts preparation
Trustees' travel, meeting and training expenses|**Unrestricted**
**Funds**
**£**
**(Restated)**
1,862
-
1,047
-
-
24
4,847
61
717
-
48
508
(38)
128
516
-
1,205
1,173
1,006
183
95
13,382
**Restricted**
**Funds**
**£**
-
-|**Restricted**
**Funds**
**£**
128,434
35,635
7,612
810
110
-
106,749
4,059
220
248
1,785
705
2,687
1,260
9
1,662
-
-
560
-
1,123
293,668
**Total Funds**
**2022**
**£**
2,280
2,280
**2022**
**£**
1,025
1,255
-|**Total Funds**
**2021**
**£**
**(Restated)**
130,296
35,635
8,659
810
110
24
111,596
4,120
937
248
1,833
1,213
2,649
1,388
525
1,662
1,205
1,173
1,566
183
1,218|
|---|---|---|---|
||||307,050|
||||**Total Funds**
**2021**
**£**
1,173|
||||1,173|
||||**2021**
**£**
469
704
-|
14
## **AMBITION LAWRENCE WESTON**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **7 Net income/(expenditure) for the year (** _**continued**_ **)**
Stephen Hall (Trustee) was paid £300 (2021: £375) in respect of services provided to the charity. The charity's governing document being the Memorandum of Articles of Association (Article 6.2) is the legal authority under which the payments are permitted. Aside from this, the charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £Nil) neither were they reimbursed expenses during the year (2021: £Nil).
- **8 Staff costs and numbers**
|The aggregate payroll costs were:
Wages & salaries
Social security costs
Pension contributions|**2022**
**£**
108,741
7,346
4,638
120,725|**2021**
**£**
104,840
6,756
4,120|
|---|---|---|
|||115,716|
No employee received emoluments of more than £60,000.
The average monthly number of employees during the year was 3 (2021: 3), calculated on the basis of average headcount. The total employment benefits received by key management personnel including employer national insurance and employer pension were £58,622 (2021: £52,663).
## **9 Statement of Financial Activities comparative figures**
|**For the year ended 31 December 2021**
**Income from:**
Donations and grants
Other trading activities
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income/(expenditure) for the year**
**Transfers between funds**
**Net movement in funds**
**Total funds at start of year**
**Total funds at end of year**|**Unrestricted**
**Funds**
**£**
18,631
2,084
20,715
13,382
13,382
7,333
11,621
18,954
58,184
77,138|**Restricted**
**Funds**
**£**
243,456
13,620
257,076
293,668
293,668
(36,592)
(11,621)
(48,213)
355,079
306,866|**Total Funds**
**2021**
**£**
262,087
15,704|
|---|---|---|---|
||||277,791|
||||307,050|
||||307,050|
||||(29,259)
-|
||||(29,259)
413,263|
||||384,004|
15
## **AMBITION LAWRENCE WESTON**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
|**10 Debtors**
Trade debtors
Other debtors
**11 Creditors**
Trade creditors
Other creditors
Taxation and social security
Accruals and deferred income|**2022**
**£**
4,362
230
4,592
**2022**
**£**
909
2,069
3,288
2,280
8,546|**2021**
**£**
63,368
460|
|---|---|---|
|||63,828|
|||**2021**
**£**
523
2,283
2,710
1,340|
|||6,856|
16
## **AMBITION LAWRENCE WESTON**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
- **12 Movement in funds**
## **For the year ended 31 December 2022**
|**Restricted funds**
Big Local Trust
BCC Hub
BCC Hub Equipment
Energy
BCC Public Health
On Your Doorstep
L'Dub Arts Club
Community Land Trust|**At 1 Jan**
**2022**
**£**
64,826
1,100
14,064
2,300
4,354
2,817
3,350
1,718|**Income**
**£**
99,167
3,000
-
-
-
-
-
-|**Expenditure**
**£**
(44,574)
-
-
-
-
-
-
(1,594)|**Transfers**
**£**
(4,958)
-
-
-
-
-
-
-|**At 31 Dec**
**2022**
**£**
114,461
4,100
14,064
2,300
4,354
2,817
3,350
124|
|---|---|---|---|---|---|
|Community Housing Fund|-|21,350|(21,395)|45|-|
|
Big Lottery: Power to change
Youth Centre
Transition Portishead Internship
Hub Research Project
CLHD - Power to change
Mancroft Park
BMX Track
Space 4 Makers
Ward Meetings
Dolphin Society
LW in Bloom
Future Parks
St Monica's Trust
Men In Sheds
Bristol Green Capital
In This Together
In Between Time
Covid 19
Just Giving Crowd Funding
BCC HAF Summer Programme
Bristol Impact Fund
BCC Community Resilience Fund
Cost of Living Project
YTKO
Quartet Carbon Reduction grant
Quartet BYCA
**Unrestricted funds**
General funds
**Total funds**|82,241
41,740
789
600
27
250
39,118
194
221
300
2,412
2,000
489
503
34,344
750
5,031
377
932
19
-
-
-
-
-
-
306,866
77,138
77,138
384,004|-
11,749
-
-
-
-
-
-
300
-
10,609
-
351
-
51,339
-
-
20,000
3,254
2,741
66,529
6,600
3,250
5,000
4,250
800
310,289
19,261
19,261
329,550|(10,721)
(27,342)
-
-
-
-
(1,156)
(194)
(64)
-
(2,593)
-
(234)
(490)
(37,682)
(124)
-
(503)
(100)
(2,398)
(59,910)
(2,650)
-
(131)
(3,026)
(737)
(217,618)
(18,135)
(18,135)
(235,753)|-
(186)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(5,031)
-
-
-
-
-
-
-
-
-
(10,130)
10,130
10,130
-|71,520
25,961
789
600
27
250
37,962
-
457
300
10,428
2,000
606
13
48,001
626
-
19,874
4,086
362
6,619
3,950
3,250
4,869
1,224
63|
||||||389,407|
||||||88,394|
||||||88,394|
|||||||
||||||477,801|
17
## **AMBITION LAWRENCE WESTON**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **12 Movement in funds** _**(continued)**_
## **For the year ended 31 December 2021**
|**Restricted funds**
Big Local Trust
BCC Hub
BCC Hub Equipment
Energy
BCC Public Health
On Your Doorstep
L'Dub Arts Club
Community Land Trust
Big Lottery: Power to change
CLHD (For Astry Close)
Youth Centre
Transition Portishead Internship
Hub Research Project
CLHD - Power to change
Mancroft Park
BMX Track
Space 4 Makers
Ward Meetings
Dolphin Society
LW in Bloom
BYCA
Future Parks
BCC Emergency Payments
St Monica's Trust
Men In Sheds
Bristol Green Capital
In This Together
In Between Time
Hardship Fund
Covid 19
Just Giving Crowd Funding
BCC HAF Summer Programme
**Unrestricted funds**
General funds
**Total funds**|**At 1 Jan**
**2021**
**£**
100,551
1,100
15,262
2,300
4,354
2,817
3,350
3,272
130,295
5,014
6,321
789
600
12,654
250
39,118
194
221
300
-
(567)
2,000
9,523
753
479
3,761
750
4,056
110
5,452
-
-
355,079
58,184
58,184
413,263|**Income**
**£**
128,216
-
-
-
-
-
-
-
-
-
52,571
-
-
-
-
-
-
-
-
5,500
1,850
-
7,000
-
500
34,044
-
975
-
234
23,686
2,500
257,076
20,715
20,715
277,791|**Expenditure**
**£**
(160,962)
-
(1,198)
-
-
-
-
(1,554)
(48,054)
(5,014)
(17,152)
-
-
(12,627)
-
-
-
-
-
(3,088)
(1,283)
-
(12,881)
(264)
(476)
(3,461)
-
-
(110)
(309)
(22,754)
(2,481)
(293,668)
(13,382)
(13,382)
(307,050)|**Transfers**
**£**
(2,979)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(3,642)
-
-
-
-
-
-
(5,000)
-
-|**At 31 Dec**
**2021**
**£**
64,826
1,100
14,064
2,300
4,354
2,817
3,350
1,718
82,241
-
41,740
789
600
27
250
39,118
194
221
300
2,412
-
2,000
-
489
503
34,344
750
5,031
-
377
932
19|
|---|---|---|---|---|---|
|||||(11,621)|306,866|
|||||11,621
11,621
-|77,138|
||||||77,138|
|||||||
||||||384,004|
## **Big Local Trust**
Funding to enable delivery of our Big Local plan.
## **BCC Hub IT equipment**
For IT equipment for when hub is built.
18
## **AMBITION LAWRENCE WESTON**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **12 Movement in funds** _**(continued)**_
## **BCC BMX Track**
For building work to the BMX Track.
## **BCC Space4makers**
To build and develop a website.
## **Dolphin Society**
Funding towards research relating to the community hub .
## **In Between Time**
Restricted for activities relating to our in-between contract, this money is not restricted on how we use it as long as it relates to staff time and activities around art.
## **LW in Bloom**
To use the money how we see fit as long as it is for activities relating to Lawrence Weston in Bloom (part of Britain in Bloom).
## **Quartet BYCA**
To provide summer activities for young people as part of the holiday hunger project.
## **CLHD Power to Change**
For planning to get to the building stage.
## **BCC Future Parks**
Providing community engagement and development work to build an understanding of how residents would like to take action in their local green space/park and promote opportunities for involvement through the Bristol Future Parks Project.
## **BCC Emergency Payments**
Grant given to issue individual grants to support for those affected by Covid 19.
## **St Monica's Trust**
Winter support fund - to provide xmas lunches to 50 older people in Lawrence Weston.
## **Men in Sheds**
Set up and running cost of peer support project.
## **Bristol Green Capital**
Climate action plan development costs.
## **In this together**
Older peoples winter support fund.
## **Hardship Fund**
Access costs to training for young people.
## **Covid 19**
Residents support fund for people affected by Covid-19.
## **Just Giving Crowd Funding**
Money raised for fuel poverty residents of Bristol.
## **BCC HAF Summer Programme**
For summer activities.
19
## **AMBITION LAWRENCE WESTON**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
- **12 Movement in funds** _**(continued)**_
## **BCC HUB**
To support the delivery of the new community hub.
## **Energy**
To support our climate and energy work.
## **BCC Public Health**
To deliver elements of the community plan that relates to the improvement of health.
## **On your Doorstep**
To fund the publication and delivery of the local newsletter.
## **L'Dub Arts Club**
To support the local arts group with running costs.
## **Community Land Trust**
To help deliver affordable community housing.
## **Big Lottery: Power to Change**
To fund delivery of the community action plan.
## **CLHD (For Astry Close)**
To deliver affordable community housing.
## **Youth Centre**
Overheads and running costs of the centre.
## **Transition Portishead internship**
To deliver an internship for local people.
## **Hub research project**
To deliver research on the delivery of the community hub.
## **Mancroft Park**
To support a new children's play park.
## **Ward meetings**
To facilitate an area ward meeting.
## **Community Housing Fund**
To deliver affordable community housing.
## **Bristol Impact Fund**
Core funding to deliver against our community plan.
## **BCC Community Resilience Fund**
To support voluntary community sector to apply for local authority grant funding.
## **Cost of Living Project**
To financially support residents with the cost of living crisis.
## **YTKO**
To support resident recruitment to access self employment support.
## **Quartet Carbon Reduction grant**
To deliver low carbon emission appliances to local residents.
20
## **AMBITION LAWRENCE WESTON**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
- **13 Analysis of net assets between funds**
|**As at 31 December 2022**
Net assets
**As at 31 December 2021**
Net assets|**Restricted**
**Funds**
**£**
389,407
389,407
**Restricted**
**Funds**
**£**
306,866
306,866|**Unrestricted**
**Funds**
**£**
88,394
88,394
**Unrestricted**
**Funds**
**£**
77,138
77,138|**Total**
**Funds**
**£**
477,801|
|---|---|---|---|
||||477,801|
||||**Total**
**Funds**
**£**
384,004|
||||384,004|
## **14 Related party transactions**
Ambition Lawrence Weston is a corporate director of Ambition Community Energy CIC (Co No: 11294351). It is also the relevant legal entity with significant control of Ambition Community Energy CIC.
Trustees of Ambition Lawrence Weston who are also directors of Ambition Community Energy CIC are: Norman Routledge
Mark Pepper is an employee and company secretary of Ambition Lawrence Weston and a director and company secretary of Ambition Community Energy CIC.
At the balance sheet date, Ambition Community Energy CIC owed the charity £2,250 (2021: £Nil). During the year the charity invoiced £7,973 (2021: £25) to Ambition Community Energy CIC for administration costs and expenses incurred.
Ambition Community Energy CIC invoiced Ambition Lawrence Weston £Nil (2021: £Nil) for costs incurred on their behalf. At the balance sheet date total of £Nil (2021: £Nil) was owed to Ambition Community Energy CIC.
Throughout the year, the charity has paid £2,759 (2021: £2,759) to PSA Finance UK, for personal car finance lease for Mark Pepper which Mark has reimbursed to the charity. At the year end there was an amount outstanding to the charity of £17 (2021: £460).
21