REGISTERED CHARITY NUMBER: 1152306
Report of the Trustees and Independently Examined Financial Statements for the year ended 30 April 2022 for Crowthorne Old Age to Teen Society
1
Crowthorne Old Age to Teen Society
Report of the Trustees for the year ended 30 April 2022
| Page | |
|---|---|
| Charity Information | 3 |
| Report of the Trustees | 4 to 7 |
| Independent Examiner’s Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 20 |
| The following pages do not form part of the statutory financial statements | |
| Detailed Statement of Financial Activities | 21 to 22 |
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Crowthorne Old Age to Teen Society
Report of the Trustees for the year ended 30 April 2022
NAME:
Known and operates as COATS
TRUSTEES: Martin Rickards Chairman Peter Hutterli Treasurer Yvonne Hattersley Secretary Richard Cox Roger Fox David Wilson Cathy Behan Chris Threlfall Derec Craig Appointed 23.05.2022 Paddy Skinner Resigned 31.12.2021 Hilary Tinsley Resigned 17.03.2022 SECRETARY: Yvonne Hattersley REGISTERED CHARITY No.: 1152306 PRINCIPAL ADDRESS: The COATS Centre Pinewood Avenue Crowthorne Berkshire RG45 6RQ INDEPENDENT EXAMINER: G Robinson FCA Stewart & Co. Knoll House Knoll Road Camberley Surrey GU15 3SY BANKERS: CAF Bank Ltd 25 Kings Hill Road Kings Hill, West Malling Kent ME19 4JQ The Co-operative Bank 1 Balloon Street Manchester M60 4EP CCLA Investment Management Ltd Senator House 83 Queen Victoria Street London EC4V 4ET Quilter Cheviot Ltd Senator House 85 Queen Victoria Street London EC4V 4AB
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Crowthorne Old Age to Teen Society
Report of the Trustees for the year ended 30 April 2022
The Trustees present their report with the financial statements of the Charity for the year ending 30 April 2022.
The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number:
1152306 Principal address: The COATS Centre Pinewood Avenue Crowthorne Berkshire RG45 6RQ Trustees: Martin Rickards Chairman Peter Hutterli Treasurer Yvonne Hattersley Secretary Richard Cox Roger Fox David Wilson Cathy Behan Chris Threlfall Derec Craig Appointed 23.05.2022 Paddy Skinner Resigned 31.12.2021 Hilary Tinsley Resigned 17.03.2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity was founded in November 1966 and was governed by its Constitution dated 17 March 1970 as amended on 19 October 1999 and 17 October 2005. However, following an Extraordinary General Meeting held on 18 March 2013, application was made to the Charity Commission to become a Charitable Incorporated Organisation (CIO), with virtually the same objectives, and this was accepted. The new CIO, with Charity number 1152306, was registered on 6 June 2013, and began operating from 1 August 2013, when it received all the assets and liabilities of the unincorporated Charity number 259897.
Recruitment, induction, training of new Trustees
Prospective Trustees are identified as potential Trustees of the Charity and are recruited by word of mouth or by selective advertising. They are then invited to a meeting or two to see whether they are happy to undertake the responsibilities. If so, they are proposed for election at the next Annual General Meeting. According to the Constitution, casual vacancies occurring during the tenure of that electoral group may be filled by co-option by the Committee for the remainder of the period.
New Trustees undertake an induction process that includes being made aware of their responsibilities as Trustees, the governing document, administrative procedures and the history and philosophical approach of the Charity. The Secretary supplies each new Trustee with copies of the previous year's Annual Report and Accounts and a copy of the Charity Commission publications ‘The Essential Trustee: An Introduction’ and 'The Essential Trustee: What You Need to Know'.
Organisational structure
Management of Crowthorne Old Age to Teen Society is vested in between 6 and 15 Trustees, but normally 12, who form the Committee. The Trustees elect the Officers who comprise the Chairman, Treasurer and Secretary. The Trustees are elected at the Annual General Meeting. One third of Trustees must stand down each year, but can stand for re-election. Day-to-day management of The COATS Centre is delegated to Mrs Bernie Dunstone, the Centre Manager.
Risk management
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. All policies and procedures are regularly reviewed and updated as necessary.
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Crowthorne Old Age to Teen Society
Report of the Trustees for the year ended 30 April 2022
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the Society is “to promote the relief of the elderly in Crowthorne and surrounding area in any manner which now or hereafter may be deemed by law to be charitable”. Both Bracknell Forest Council and Wokingham Borough Council cover this area.
The people we serve come from all sections of society and a wide variety of circumstances. Many are widowed and potentially lonely, of varying frailty and mobility, and most are receiving some form of medical attention.
We welcome all older people regardless of personal background, faith, gender or personal circumstances, as we believe this philosophy of openness to all enriches everyone, through the sharing of skills, aptitudes and life experiences of older people and volunteers.
Following the closure of residential services at Woodmancote in October 2003, regular Day Centre facilities were reopened in June 2004 for one day a week, and these have been progressively extended. The current prime aim of the Society is to maximise the use of The COATS Centre, and to deliver a growing number of services to an increasing number of older people in Crowthorne.
Significant activities
To meet these objectives, the Society has gradually increased the number of services it is able to provide and is continually seeking to extend these, as funds become available. The Trustees keep in mind the Charity Commission’s Guidance on public benefit when looking into these services, thereby complying with the duty in section 17(5) of the 2011 Charities Act to have due regard to the guidance published. Currently the Society provides:-
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A Social Centre where older people can meet in a warm, bright and friendly environment. The Centre is open daily from Monday to Friday.
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A meal service which offers a freshly cooked two course meal prepared in our own well-equipped kitchen, five days a week, including tea and coffee, from 9 am until 4 pm (but 2:30pm Friday)
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Social activity, in the form of keep-fit classes, dancing, talks, musical events, quizzes, skittles, use of tablet computers and many other events.
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Assistance to older people suffering from early stages of dementia. The Society is able to help bridge the gap between mild sufferers of dementia, who are able to attend without difficulty, and the more serious cases, who are then helped to obtain specialist care.
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Respite cover for carers during the day.
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Help to older people in need, following a bereavement or illness, through a growing network of churches, local doctors and other organisations.
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Transportation for those unable to make their own way to The Centre, through the use of the COATS’ mini-bus. This is able to transport up to 8 people on one journey, including a wheelchair. Several journeys are undertaken each day.
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Facilities for other local charities that provide support for older people.
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Sign-posting of opportunities to get advice on a range of important matters relating to older people.
The Society, in pursuing all its activities, is enthusiastically supported by about seventy volunteers, who not only help in The COATS Centre, but also drive the minibus, and especially manage and operate the COATS Charity Shop at 227 High Street, Crowthorne, which is so vital to the funding of the Society. In addition, the dedicated Fundraising committee organise many very popular and enjoyable events throughout the year, raising valuable funds for the Society.
COATS, therefore, makes a major contribution to the well-being of many of the older people of Crowthorne, thereby reducing and delaying the need for more costly forms of support. Taken together with the contribution of the staff and all the volunteers, COATS offers a valuable service and enjoys a central position in the life of the community of Crowthorne.
ACTIVITIES
For COATS, the previous year, May 2020 – April 2021 had been like no other – Covid 19 prevailed, the Centre was closed for the whole year, the staff were Keeping in Touch with our visitors as best they could and the Shop was closed for twothirds of the year. Income and expenditure bore no resemblance to any previous or, hopefully, future year. But by May 2021, the start of this financial year, everything was slowly returning to normal.
The Centre
At the beginning of May 2021 the Shop vacated Pinewood Avenue and moved back to the High Street, and the Centre was cleaned, decorated and checked in readiness to re-open on Mon 17[th] May – 14 months after it had closed. A Way of Working policy had been prepared (and was amended during the year as restrictions were lifted). Our visitors were keen to return but initially we opened for a shortened day and with only 10 visitors, 2 metres socially distanced. By June, we had re-introduced hot lunches and by August we increased the numbers to up to 30 a day, 1 metre socially distanced. By the end of the year visitor numbers were approaching 100 a week. We were able to hold our Christmas Lunch over 2 days, with 50 attending each day.
The mini-bus operated throughout the year with limited numbers of passengers according to social distancing requirements.
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Crowthorne Old Age to Teen Society
Report of the Trustees for the year ended 30 April 2022
We are very grateful to all the staff and volunteers at the Centre, and the drivers of the bus who cheerfully adapted their routines to our evolving Ways of Working, including taking frequent PCR and LFT tests. In June we welcomed Tor Mills as our new Assistant Cook, and in November Jack Collins as Cleaner.
As an afternote, the Centre held 2 very enjoyable Platinum Jubilee Indoor Street Parties attended by about 100 visitors. The Shop
At the end of April 2021 Hilary Tinsley, Roger Fox and their team of volunteers moved the Shop back to the High Street and re-opened on 4[th] May. Sales quickly climbed to levels that had never been achieved before. The result was that total sales for the year reached £135,000, some 18% higher than our previous best year. The Shop is the largest source of income for the Charity and is run entirely by volunteers. We are very grateful for their huge contribution. Events
A small team of volunteers led by Roger Fox put on Events at the Centre, partly to raise funds for the Charity, but also the bring locals into the Centre to raise awareness or our activities. A number-limited Quiz Night was held in November, and in the Spring 3 further events were organised, including the annual Crowthorne Business Association Skittles Match. As usual the CBA were very generous with their donations to COATS. Providing supper at these events is no longer possible through our volunteers. We are very grateful to Wellington College who have offered to provide catering free-of-charge for these events.
Facilities
Before Covid struck we had completed a £500,000 re-build of the Centre. During lockdown BFC building inspectors were unable to make site visits to sign off the new building. In July 2021 we finally got our Completion Certificate Bracknell Older People’s Consortium
During the year, COATS joined the Bracknell Forest Older People's Consortium. The Consortium brings together organisations delivering support and services to older people, with the aim of delivering better outcomes for older people across Bracknell Forest.
Trustees
As announced in last year’s Report Paddy Skinner stepped down as Treasurer after the AGM. He retired as a Trustee in December. Hilary Tinsley decided to return to part-time work and stepped down as a Trustee in March 2022. She continues to work at the Shop. Over their long service both have contributed considerably to the financial wellbeing of the Charity.
We continue to actively look for new Trustees and will be appointing Derec Craig in the new year.
Overall
2021/2022 has been another challenging year. The whole team of staff, Trustees and volunteers have worked hard to get the activity of the Charity back onto a normal footing and re-establish its financial stability after the uncertain times of Covid.
CHANGE OF CHARITY NAME
Since its foundation, COATS official name has been ‘’Crowthorne Old Age to Teen Society’’. This name is cumbersome to use and inappropriate for our current activities.
Attempts were made to find a more relevant acronym, but without success. So, the Trustees will propose a motion at the 2022 AGM to amend our Constitution and change the Charity’s registered name to “COATS Crowthorne” – the name by which we are known to most people.
FINANCIAL REVIEW
Following the appointment of our new Treasurer, Peter Hutterli, the Trustees took the opportunity to review the financial management of the Charity and made a number of strategic changes:
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Implemented a new Xero accounting and reporting system – that allows faster production of management accounts and enables comprehensive segmental reporting. We believe that the new system represents best practice for a Charity of our size and is cost-effective
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Introduced Quilter Cheviot as a provider of Charity investment funds and also as custodian over our COIF investments - so that we now have a consistent and consolidated view of our longer-term investment funds
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Introduced The Co-Operative Bank to replace Barclays as a banking partner – allowing deposits of cash takings from the Shop to be made locally. The £60,000 that was previously held in the Barclays Savings Account has now been invested into Quilter Cheviot Charities funds
The re-opening of the Shop has seen trading return to pre-Covid levels, the total Shop income for the year of £135,337 has been key to the success of the Charity, more than offsetting the reductions in Donations and Legacies and Investment Income that we faced. This is a remarkable achievement given that we rely solely on the goodwill of the many volunteers who help to manage and run the shop.
The phased re-opening of the COATS Centre has allowed us to welcome back many visitors who were prevented from visiting over 2020-2021 and so we were able to generate income of £22,791 from our key charitable activities. The loyalty of our Centre staff through the Pandemic is admirable, their enthusiasm and professionalism are a credit to the Charity.
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Crowthorne Old Age to Teen Society
Report of the Trustees for the year ended 30 April 2022
COATS received support of £5,131 from the Job Retention scheme between June to August 2021
Throughout the year, the Charity has continued to receive grants from Local Authorities and Parish Councils amounting to £19,158, and over 70 legacies and donations totalling £28,666. Particularly notable were the kind donations from Downshire Golf Club, The Co-Operative and McCarthy Stone. The Trustees very much appreciate the generosity of all our many donors.
The overall Net Income for the year was £53,419 which when added to the opening Total Funds of £431,912 gives a closing balance of Total Funds of £485,331. Restricted Funds of £3,711 are included in the closing balance of Total Funds. The Charity is therefore in a very healthy financial position as we emerge from the Pandemic and the Trustees are confident that this will allow the Charity to both improve and expand our current scope of charitable activities.
We are greatly indebted to Gary Robinson of Stewart & Co who has acted as our Independent Examiner and assisted in the preparation of these Reports and Accounts.
Under the terms of our Constitution, full responsibility for all assets, liabilities and activities of the Charity is vested in the Trustees. The Charity can therefore make any lawful investment which the Trustees see fit.
RESERVES POLICY
It is the policy of the Charity to maintain reserves at a sufficient level to enable it to continue its current operations for at least twelve months. Undesignated and unrestricted funds at the end of April 2022 stood at £481,620 (2021: £430,201), of which £134,117 is in cash.
RESPONSIBILITIES OF THE TRUSTEES
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities in England and Wales requires the Charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, of the Charity for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently.
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observe the methods and principles in the Charities SORP.
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make judgements and estimates that are reasonable and prudent.
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking all reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report and financial statements set out on pages 10 to 20 were approved by Trustees and authorised for issue on 17 August 2022 and signed on behalf of the Board of Trustees by:
............................................. M Rickards, Chairman and Trustee Date: 17 August 2022
………………………………….. P Hutterli, Treasurer and Trustee Date: 17 August 2022
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Independent Examiner’s Report to the Trustees of Crowthorne Old Age to Teen Society for the year ended 30 April 2022
Independent Examiner’s report to the Trustees of Crowthorne Old Age to Teen Society
I report on the accounts of the Charity for the year ended 30 April 2022, which are set out on pages xx to xx.
Respective responsibilities of Trustees and Examiner
As the Charity’s Trustees of Crowthorne Old Age to Teen Society you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Crowthorne Old Age to Teen Society’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner’s statement
Since the Crowthorne Old Age to Teen Society’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 ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Crowthorne Old Age to Teen Society as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
G Robinson FCA Stewart & Co Knoll House Knoll Road Camberley Surrey GU15 3SY
Date: 26 August 2022
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Crowthorne Old Age to Teen Society
Statement of Financial Activities for the year ended 30 April 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total Funds | Total Funds | |
| £ | £ | £ | £ | ||
| INCOME | |||||
| Donations and legacies | 2 | 48,656 | 4,000 | 52,656 | 97,471 |
| Income from other trading activities | 3 | 135,337 | - | 135,337 | 59,584 |
| Investment income | 4 | 37,699 | - | 37,699 | 42,577 |
| Income from charitable activities | 5 | 22,791 | - | 22,791 | 42 |
| Other income | 6 | 5,131 | - | 5,131 | 77,437 |
| ______ | ______ | ______ | ______ | ||
| TOTAL INCOME | 249,614 | 4,000 | 253,614 | 277,111 | |
| ______ | ______ | ______ | ______ | ||
| EXPENDITURE | |||||
| Costs of raising funds | 7 | (32,925) | - | (32,925) | (35,879) |
| Expenditure on charitable activities: | 10 | (168,178) | (2,000) | (170,178) | (148,373) |
| ______ | ______ | ______ | ______ | ||
| TOTAL EXPENDITURE | (201,103) | (2,000) | (203,103) | (184,252) | |
| ______ | ______ | ______ | ______ | ||
| Net gains on investments | 2,908 | - | 2,908 | 11,299 | |
| ______ | ______ | ______ | ______ | ||
| NET INCOME AND NET MOVEMENT IN | |||||
| FUNDS FOR THE YEAR | 51,419 | 2,000 | 55,419 | 104,158 | |
| RECONCILIATION OF FUNDS | |||||
| Total Funds brought forward | 430,201 | 1,711 | 431,912 | 327,754 | |
| ______ | ______ | ______ | ______ | ||
| TOTAL FUNDS CARRIED FORWARD | 22 | 481,620 | 3,711 | 485,331 | 431,912 |
| ______ | ______ | ______ | ______ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 11 to 20 form part of these financial statements
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Crowthorne Old Age to Teen Society (Registration Number: 1152306) Balance Sheet as at 30 April 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total Funds | Total Funds | |
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Tangible assets | 18 | 174,401 | - | 174,401 | 186,652 |
| Investments | 19 | 187,796 | - | 187,796 | 64,888 |
| _ | _ | _ | _ | ||
| TOTAL FIXED ASSETS | 362,197 | - | 362,197 | 251,540 | |
| _ | _ | _ | _ | ||
| CURRENT ASSETS | |||||
| Debtors | 20 | 252 | - | 252 | 153 |
| Cash at bank and in hand | 24 | 134,117 | 3,711 | 137,828 | 192,222 |
| _ | _ | _ | _ | ||
| TOTAL CURRENT ASSETS | 134,369 | 3,711 | 138,080 | 193,375 | |
| LIABILITIES | |||||
| Creditors falling due within one year | 21 | (14,946) | - | (14,946) | (12,003) |
| _ | _ | _ | _ | ||
| NET CURRENT ASSETS | 119,423 | 3,711 | 123,134 | 180,372 | |
| _ | _ | _ | _ | ||
| NET ASSETS | 481,620 | 3,711 | 485,331 | 431,912 | |
| _ | _ | _ | _ | ||
| THE FUNDS OF THE CHARITY | |||||
| Unrestricted income funds | 23 | 481,620 | - | 481,620 | 430,201 |
| Restricted income funds | 23 | - | 3,711 | 3,711 | 1,711 |
| _ | _ | _ | _ | ||
| TOTAL CHARITY FUNDS | 481,620 | 3,711 | 485,331 | 431,912 | |
| _ | _ | _ | _ |
The financial statements were approved and authorised for issue by the Board of Trustees on 17 August 2022 and were signed on its behalf by:
……………………………………… ……………………………………… M Rickards – Trustee P Hutterli – Trustee
The notes on pages 11 to 20 form part of these financial statements
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Crowthorne Old Age to Teen Society
Notes to the Financial Statements for the year ended 30 April 2022
1. ACCOUNTING POLICIES
1.1 General Information
The charity is a registered charity in England and Wales and is a Charitable Incorporated Organisation (CIO), charity number 1152306
1.2 Statement of Compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
1.3 Basis of preparation
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The financial statements are prepared in sterling, which is the functional currency of the entity.
Monetary amounts in these financial statements have been rounded to the nearest £
1.4 Exemption from preparing a cash flow statement
The charity is a small charity and has utilised the small entity exemption from producing a statement of cash flows.
1.5 Preparation of the accounts on a going concern basis
The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The Trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements.
The Trustees are of the opinion that the Charity will have sufficient resources to meet its liabilities as they fall due. The Charity reported a cash funds inflow of £50,302 for the year and has undesignated and unrestricted funds of £481,511.
1.6 Income Income recognition
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the Statement of Financial Activities (SoFA) when the general income recognition criteria are met.
In the case of performance related grants, income must only be recognised to the extent that the Charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met.
Legacies
For legacies, entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the Charity has been notified of the executor’s intention to make a distribution. 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 a treated as a contingent asset and disclosed if material.
Government grants
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Donated goods and services including volunteers
The value of donated goods for resale is recognised as income when sold as the Charity deems it impractical to estimate the fair value of the donated goods for resale on receipt. The proceeds of sale are categorised as “Income from other trading activities” in the SoFA.
The value of any voluntary help received is not included in the accounts but is described in the Trustees’ Annual Report.
Income from interest and dividends
This is included in the accounts when receipt is probable, and the amount receivable can be measured reliably.
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Crowthorne Old Age to Teen Society
Notes to the Financial Statements for the year ended 30 April 2022
1. ACCOUNTING POLICIES ( continued )
Income from membership subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Investment gains and losses
This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
1.7 Expenditure recognition
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
The cost of generating funds includes fund raising costs, trading costs and investment management charges.
The cost of charitable activities includes the payroll costs of the COATS Centre staff, and day-to-day running costs of the COATS Centre as shown in note 10.
Governance costs include costs of the preparation and examination of statutory accounts, the costs of Trustee meetings and cost of any legal advice to Trustees on governance or constitutional matters.
1.8 Allocation and apportionment of costs
Certain expenditure is directly attributable to specific activities and has been reported in those expenditure categories.
1.9 Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on buildings on cost but not provided on land Freehold improvements - 10% on cost Fittings and equipment - 20% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 33.3% on cost
Assets are assessed on their merits to determine whether or not they should be capitalised. As a general rule, assets under £1,000 are not capitalised.
1.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The SoFA includes the net gains and losses arising on revaluation and disposals throughout the year.
1.11 Taxation
The Charity is a registered charity and is exempt under Part 11 of the Corporation Tax Act 2010 on its income and section 256 of the Taxation of Chargeable Gains Act 1992 on its capital gains.
The Society is registered for VAT in order to claim VAT on Shop expenditure (Sales are zero rated). The Centre continues to enjoy exempt status - irrecoverable VAT is charged against the expenditure heading for which it was incurred.
1.12 Operating leases
Rentals payable under operating leases are charged against income on a straight-line basis over the lease term.
1.13 Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives 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. Further explanation of the nature and purpose of each fund is included in note 22 to the financial statements.
1.14 Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a maturity of one year from the date of acquisition or opening of the deposit or similar account.
1.15 Creditors
Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.
1.16 Pension costs and other post-retirement benefits
The Charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the Charity. There were no outstanding contributions at the year end. Contributions payable to the employees’ stakeholder pension schemes are charged to the SoFA in the period to which they relate and are detailed in note 14.
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Crowthorne Old Age to Teen Society
Notes to the Financial Statements for the year ended 30 April 2022
2. DONATIONS AND LEGACIES
| 2. | DONATIONS AND LEGACIES | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Notes | Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | |||
| Donations, gifts, and legacies | 28,666 | 4,000 | 32,666 | 20,457 | ||
| Grants | 16 | 15,158 | - | 19,158 | 76,679 | |
| Membership subscriptions | 832 | - | 832 | 335 | ||
| ______ | ______ | ______ | ______ | |||
| 48,656 | 4,000 | 52,656 | 97,471 | |||
| ______ | ______ | ______ | ______ | |||
| 3. | INCOME FROM OTHER TRADING ACTIVITIES – FUNDRAISING | |||||
| Unrestricted | Total Funds | Total Funds | ||||
| Funds | 2022 | 2021 | ||||
| £ | £ | £ | ||||
| Shop income | 121,866 | 121,866 | 49,108 | |||
| Income from online sales | 9,856 | 9,856 | 7,925 | |||
| Income from metal recycling | 1,222 | 1,222 | 890 | |||
| Income from textile recycling | 2,393 | 2,393 | 1,661 | |||
| ______ | ______ | ______ | ||||
| 135,337 | 135,337 | 59,584 | ||||
| ______ | ______ | ______ | ||||
| 4. | INVESTMENT INCOME | |||||
| Unrestricted | Total Funds | Total Funds | ||||
| Funds | 2022 | 2021 | ||||
| £ | £ | £ | ||||
| Woodmancote House: rents and charges received | 37,635 | 37,635 | 42,404 | |||
| Bank and deposit account interest | 64 | 64 | 173 | |||
| ______ | ______ | ______ | ||||
| 37,699 | 37,699 | 42,577 | ||||
| ______ | ______ | ______ | ||||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | |||||
| Unrestricted | Total Funds | Total Funds | ||||
| Funds | 2022 | 2021 | ||||
| £ | £ | £ | ||||
| Provision of The COATS Centre facilities | 20,366 | 20,366 | - | |||
| Provision of transport facilities | 2,425 | 2,425 | 42 | |||
| ______ | ______ | ______ | ||||
| 22,791 | 22,791 | 42 | ||||
| ______ | ______ | ______ | ||||
| 6. | OTHER INCOME | |||||
| Unrestricted | Total Funds | Total Funds | ||||
| Funds | 2022 | 2021 | ||||
| £ | £ | £ | ||||
| HMRC Job Retention Scheme | 5,131 | 5,131 | 77,437 | |||
| ______ | ______ | ______ | ||||
| 5,131 | 5,131 | 77,437 | ||||
| ______ | ______ | ______ | ||||
| 7. | COST OF RAISING FUNDS | |||||
| Unrestricted | Total Funds | Total Funds | ||||
| Note | Funds | 2022 | 2021 | |||
| £ | £ | £ | ||||
| Operation of charity shop | 8 | 23,243 | 23,243 | 23,867 | ||
| Investment management costs | 9 | 9,682 | 9,682 | 12,012 | ||
| ______ | ______ | ______ | ||||
| 32,925 | 32,925 | 35,879 | ||||
| ______ | ______ | ______ |
13
Crowthorne Old Age to Teen Society
Notes to the Financial Statements for the year ended 30 April 2022
8. EXPENDITURE ON OPERATION OF CHARITY SHOP
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | 2022 | 2021 | |
| £ | £ | £ | |
| Operating leases – land and buildings | 16,947 | 16,947 | 16,946 |
| Telephone | 733 | 733 | 468 |
| Light and heat | 1,255 | 1,255 | 825 |
| Repairs and maintenance | - | - | 313 |
| PPE | - | - | 1,842 |
| Other expenses | 4,308 | 4,308 | 3,473 |
| ______ | ______ | ______ | |
| 23,243 | 23,243 | 23,867 | |
| ______ | ______ | ______ |
9. INVESTMENT MANAGEMENT COSTS
| INVESTMENT MANAGEMENT COSTS | |||
|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | |
| Funds | 2022 | 2021 | |
| £ | £ | £ | |
| Woodmancote House: Management fees | 3,015 | 3,015 | 3,712 |
| Woodmancote House: Water, light and heat, | 2,625 | 2,625 | 4,242 |
| and other costs | |||
| Woodmancote House: Repairs and renewals | 3,956 | 3,956 | 4,058 |
| Woodmancote House: Depreciation on fittings and equipment | 86 | 86 | - |
| ______ | ______ | ______ | |
| 9,682 | 9,682 | 12,012 | |
| ______ | ______ | ______ |
10. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITES
By Fund
| Unrestricted | Restricted | Total FundsTotal Funds | Total FundsTotal Funds | ||
|---|---|---|---|---|---|
| Note | Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | ||
| Provision of The COATS Centre facilities | 11 | 156,847 | 2,000 | 158,847 | 140,789 |
| Provision of transport facilities | 10,440 | - | 10,440 | 10,520 | |
| “Building a Better COATS” Project | - | - | -(2,936) | ||
| ______ | ______ | ______ | ______ |
||
| 167,287 | 2,000 | 169,287 | 148,373 | ||
| ______ | ______ | ______ | ______ |
||
| By Activity | |||||
| Activities | |||||
| undertaken | Support | Total FundsTotal Funds | |||
| Note | directly | Costs | 2022 | 2021 | |
| Provision of The COATS Centre facilities | 11 | 146,041 | 12,806 | 158,847 | 140,789 |
| Provision of transport facilities | 3,992 | 6,448 | 10,440 | 10,520 | |
| “Building a Better COATS” Project | - | - | -(2,936) | ||
| ______ | ______ | ______ | ______ |
||
| 150,033 | 19,254 | 169,287 | 148,373 | ||
| ______ | ______ | ______ | ______ |
By Activity
Included within expenditure above there are governance costs of £3,485 (2021 - £5,261) which relate directly to charitable activities. See note 12 for further details.
14
Crowthorne Old Age to Teen Society
Notes to the Financial Statements for the year ended 30 April 2022
11. ANALYSIS OF EXPENDITURE ON ACTIVITIES UNDERTAKEN DIRECTLY FOR PROVISION OF THE COATS CENTRE FACILITIES
| CENTRE FACILITIES | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Wages and salaries | 100,180 | - | 100,180 | 103,656 | |
| Social security costs | 2,578 | - | 2,578 | 2,803 | |
| Other pension costs | 4,532 | - | 4,459 | 4,936 | |
| Training and recruitment | 1,015 | - | 1,015 | 352 | |
| Food and supplies | 11,118 | - | 11,118 | 675 | |
| Insurance | 2,906 | - | 2,906 | 3,846 | |
| Light, heat, rates and water | 8,116 | - | 8,116 | 843 | |
| Postage and stationery | 217 | - | 217 | 322 | |
| Telephone | 827 | - | 827 | 428 | |
| Activities and entertainment | 1,090 | 1,155 | 2,245 | 12 | |
| Repairs and maintenance | 3,318 | - | 3,318 | 3,724 | |
| PPE | 149 | - | 149 | 4,247 | |
| Cleaning | 3,491 | - | 3,491 | - | |
| Health and safety | 1,404 | - | 1,404 | - | |
| Waste collection | 2,678 | - | 2,678 | - | |
| Other expenses | 1,313 | 845 | 2,158 | 663 | |
| ______ | ______ | ______ | ______ | ||
| 144,859 | 2,000 | 146,859 | 126,507 | ||
| ______ | ______ | ______ | ______ | ||
| 12. | SUPPORT COSTS | ||||
| By Fund | Unrestricted | Total Funds | Total Funds | ||
| Funds | 2022 | 2021 | |||
| £ | £ | £ | |||
| Support Costs | |||||
| Publicity | - | - | 904 | ||
| Other legal and professional fees | 2,987 | 2,987 | 1,242 | ||
| Depreciation of tangible fixed assets | 12,782 | 12,782 | 15,472 | ||
| ______ | ______ | ______ | |||
| 15,769 | 15,769 | 17,618 | |||
| ______ | ______ | ______ | |||
| Governance Costs | |||||
| Accountancy support | 2,498 | 2.498 | 4,201 | ||
| Independent examiner’s fee | 1,060 | 1,060 | 1,060 | ||
| ______ | ______ | ______ | |||
| 3,558 | 3,558 | 5,261 | |||
| ______ | ______ | ______ | |||
| 19,254 | 19,254 | 22,879 |
15
Crowthorne Old Age to Teen Society
Notes to the Financial Statements for the year ended 30 April 2022
| By Activity | Provision of | |||
|---|---|---|---|---|
| The COATS | Provision of | |||
| Centre | Transport | Total | Total | |
| Facilities | Facilities | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Support Costs | ||||
| Publicity | - | - | - | 904 |
| Miscellaneous | 2,987 | - | 2,987 | 1,242 |
| Depreciation of tangible fixed assets | 6,334 | 6,448 | 12,782 | 15,472 |
| ______ | ______ | ______ | ______ | |
| 9,321 | 6,448 | 16,039 | 17,618 | |
| ______ | ______ | ______ | ______ | |
| Governance Costs | ||||
| Accountancy support | 2,425 | - | 2,425 | 4,021 |
| Independent examiner’s fee | 1,060 | - | 1,060 | 1,060 |
| ______ | ______ | ______ | ______ | |
| 3,485 | - | 3,485 | 5,261 | |
| ______ | ______ | ______ | ______ | |
| 12,806 | 6,448 | 19,254 | 22,879 | |
| ______ | ______ | ______ | ______ |
13. NET INCOME FOR THE YEAR
This is stated after charging:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Other pension costs | 4,459 | 4,936 |
| Depreciation | 12,868 | 15,472 |
| Independent examiner’s remuneration: | ||
| Independent examiner’s fee | 1,060 | 1,060 |
| Accountancy services | 2,425 | 4,201 |
| Operating lease costs – land and buildings | 16,947 | 16,946 |
14. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE COST OF KEY MANAGEMENT PERSONNEL
Total staff costs were as follows
| KEY MANAGEMENT PERSONNEL Total staff costs were as follows |
||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Wages and salaries | 100,180 | 103,656 |
| Social security costs | 2,578 | 2,803 |
| Other pension costs | 4,459 | 4,936 |
| _ | _ | |
| 107,217 | 111,395 | |
| _ | _ | |
| Particulars of employees: | ||
| The average number of employees during the year was as follows: | ||
| 2022 | 2021 | |
| No | No | |
| Day Centre facilities: The COATS Centre | 6 | 7 |
No employees received employee benefits in excess of £60,000 (2021: nil) with all employee time involved in the provision of charitable activities.
Since 1 April 2016, the Charity has been paying contributions to The People’s Pension in order to comply with the Government’s auto-enrolment legislation. It makes the same contribution of up to 5% of the employee’s basic salary, provided this is matched by the employee. Seven employees participated.
16
Crowthorne Old Age to Teen Society
Notes to the Financial Statements for the year ended 30 April 2022
15. RELATED PARTY TRANSACTIONS
There were no related party transactions in the current or previous year.
The Trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2021: £nil). Expenses paid to the Trustees in the year totalled £240 (2021: £1,610). No Trustee received payment for professional or other services supplied to the Charity (2021: £nil).
16. GOVERNMENT GRANTS
Income from government grants comprises performance related grants made by local authorities to fund the running of the COATS centre. The following is a summary of funding provided:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Bracknell Forest Council | 10,000 | 10,000 |
| Wokingham Borough Council | 6,047 | 5,871 |
| Wokingham Without PC | - | 1,000 |
| Crowthorne PC | - | 500 |
| National Lottery COVID19 Fund | - | 10,000 |
| Bracknell Forest BC PPE Fund | - | 3,968 |
| Bracknell Forest COVID19 Grants | 3,111 | 45,340 |
| _ | _ | |
| 19,158 | 76,679 | |
| _ | _ |
17. GIFT AID
£1,796 of Gift Aid was received under the Gift Aid scheme during the year (2021: £2,434).
18. TANGIBLE FIXED ASSETS
| Freehold | Freehold | Fittings and | Motor | Computer | ||
|---|---|---|---|---|---|---|
| Property | Improvements | Equipment | Vehicles | Equipment | Total | |
| £ | £ | £ | £ | £ | £ | |
| COST | ||||||
| As at 1 May 2021 | 265,425 | 68,598 | 72,211 | 61,116 | 3,064 | 470,414 |
| Additions | - | - | 468 | - | 149 | 617 |
| _ | _ | _ | _ | _ | _ | |
| As at 30 April 2022 | 265,425 | 68,598 | 72,679 | 61,116 | 3,213 | 471,031 |
| _ | _ | _ | _ | _ | _ | |
| DEPRECIATION | ||||||
| As at 1 May 2021 | 116,035 | 68,598 | 60,740 | 35,325 | 3,064 | 283,762 |
| Charge for the year | 4,007 | - | 2,380 | 6,448 | 33 | 12,868 |
| _ | _ | _ | _ | _ | _ | |
| As at 30 April 2022 | 120,042 | 68,598 | 63,120 | 41,773 | 3,097 | 296,630 |
| _ | _ | _ | _ | _ | _ | |
| NET BOOK VALUE | ||||||
| As at 1 May 2021 | 149,390 | - | 11,471 | 25,791 | - | 186,652 |
| _ | _ | _ | _ | _ | _ | |
| As at 30 April 2022 | 145,383 | - | 9,559 | 19,343 | 116 | 174,401 |
| _ | _ | _ | _ | _ | _ |
17
Crowthorne Old Age to Teen Society
Notes to the Financial Statements for the year ended 30 April 2022
19. FIXED ASSET INVESTMENTS
Movement in fixed asset listed investments
| Movement in fixed asset listed investments | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Carrying (fair) value at beginning of period | 64,888 | 53,589 |
| Deduct:value of investments sold during the period | - | - |
| Add: Additions during the period | 120,000 | - |
| Add: net gain on revaluation | 2,908 | 11,299 |
| _ | _ | |
| Carrying (fair) value at end of year | 187,796 | 64,888 |
| _ | _ | |
| Investments at fair value comprised | ||
| Listed investments | 187,796 | 64,888 |
| _ | _ |
All investments are carried at their fair value.
At 1[st] May 2021 the Charity held 300 accumulation units in the COIF Charities Investment Fund (purchased on 18 October 2007 at a cost of £24,731). On 7[th] July 2021, the Charity purchased a further 263.66 accumulation units for a cost of £60,000.
On 22[nd] April 2022, the Charity purchased 55,753.6 units in the Quilter Investors Limited QC Global Income & Growth GBP Distribution Fund for a cost of £60,000.
Holdings in common investment funds are at the bid price.
Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).
The main risk to the Charity from financial instruments lies in the combination of uncertain investment markets and volatility in yield.
20. DEBTORS
| 20. | DEBTORS | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Other debtors | 252 | 153 | |
| _ | _ | ||
| 252 | 153 | ||
| _ | _ | ||
| 21. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Trade creditors | 2,486 | 225 | |
| Utility Reserve, Woodmancote House | 230 | 230 | |
| Accruals | 12,268 | 11,548 | |
| _ | _ | ||
| 14,984 | 12,003 | ||
| _ | _ |
18
Crowthorne Old Age to Teen Society
Notes to the Financial Statements for the year ended 30 April 2022
22. ANALYSIS OF MOVEMENT IN FUNDS
| Balance | Incoming | Resources | Gains and | Funds | ||
|---|---|---|---|---|---|---|
| 1 | May 2021 | resources | expended | Transfers | losses | 30 April 2022 |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | ||||||
| General fund | 430,201 | 249,614 | (201,103) | - | 2,908 | 481,620 |
| _ | _ | _ | _ | _ | _ | |
| 430,201 | 249,614 | (201,103) | - | 2,908 | 481,620 | |
| Restricted funds | ||||||
| Co-op Community Fund | 766 | - | (55) | - | - | 711 |
| Concertina | 100 | - | (100) | - | - | - |
| Wokingham Without Parish 845 |
500 | (1,345) | - | - | - | |
| Council | ||||||
| Crowthorne Parish Council | - |
500 | (500) | - | - | - |
| Bracknell Older Peoples | - |
3,000 | - | - | - | 3,000 |
| Consortium | ||||||
| _ | _ | _ | _ | _ | _ | |
| 1,711 | 4,000 | (2,000) | - | - | 3,711 | |
| _ | _ | _ | _ | _ | _ | |
| TOTAL FUNDS | 431,912 | 253,614 | (203,103) | - | 2,908 | 485,331 |
| _ | _ | _ | _ | _ | _ |
Unrestricted funds are available to be spent for any of the purposes of the Charity.
Restricted funds are held for the purposes specified by the donors and have been spent on those purposes or will be so spent in the coming months.
23. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible | Net current | Total | ||
|---|---|---|---|---|
| fixed assets | Investments | assets | ||
| £ | £ | £ | £ | |
| Unrestricted funds | 174,401 | 187,796 | 119,423 | 481,620 |
| Restricted funds | - | - | 3,711 | 3,711 |
| _ | _ | _ | _ | |
| Total funds at 30 April 2022 | 174,401 | 187,796 | 123,134 | 485,331 |
| _ | _ | _ | _ |
24. ANALYSIS OF CASH AND CASH EQUIVALENTS
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash at bank and in hand | 137,828 | 192,222 |
| Short term deposits with a maturity date within one year- | - | |
| ______ | ______ | |
| 137,828 | 192,222 |
__ ____
19
Crowthorne Old Age to Teen Society
Notes to the Financial Statements for the year ended 30 April 2022
25. OBLIGATIONS UNDER LEASES
The Charity leases the Shop from which it trades. The lease has a remaining term of almost three years and includes a provision for a three-yearly upward rent review based on the percentage increase in CPI. Future minimum rentals payable under non-cancellable operating leases are as follows:
| Land and buildings | Land and buildings | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Amounts due: | ||
| Within one year | 16,947 | 16,947 |
| Within one year to five years | 29,655 | 46,603 |
| ______ | ______ | |
| 46,602 | 63,550 | |
| ______ | ______ |
Operating lease agreements where the Charity is lessor
The Charity owns Woodmancote House which has 5 rooms that are let to third parties. The leases are on six-month terms with provisions for annual rent reviews.
Future minimum rentals receivable under non-cancellable operating leases are as follows:
| Land and buildings | Land and buildings | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Amounts due: | ||
| Within one year | 38,532 | 37,944 |
| ______ | ______ |
.
20
Crowthorne Old Age to Teen Society
Detailed Statement of Financial Activities for the year ended 30 April 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME | ||
| Donations and Legacies | ||
| Gifts, donations and legacies | 32,666 | 20,457 |
| Grants | 19,158 | 76,679 |
| Membership subscriptions | 832 | 335 |
| ______ | ______ | |
| 52,656 | 97,471 | |
| ______ | ______ | |
| Income from other trading activities | ||
| Fundraising events | - | - |
| Shop income | 135,337 | 59,584 |
| ______ | ______ | |
| 135,337 | 59,584 | |
| ______ | ______ | |
| Investment income | ||
| Woodmancote House: rents and charges received | 37,635 | 42,404 |
| The COATS Centre room hire | - | - |
| Bank and deposit account interest | 64 | 173 |
| ______ | ______ | |
| 37,699 | 42,577 | |
| ______ | ______ | |
| Income from charitable activities | ||
| The COATS Centre: Attendance and lunches | 20,366 | - |
| The COATS Centre Bus: Transport | 2,425 | 42 |
| ______ | ______ | |
| 22,791 | 42 | |
| ______ | ______ | |
| Other Income | ||
| Gain on disposal of tangible fixed assets | - | - |
| Job Retention Scheme | 5,131 | 77,437 |
| ______ | ______ | |
| 5,131 | 77,437 | |
| ______ | ______ | |
| TOTAL INCOME | 253,614 | 277,111 |
| ______ | ______ |
This page does not form part of the statutory financial statements
21
Crowthorne Old Age to Teen Society
Detailed Statement of Financial Activities for the year ended 30 April 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| EXPENDITURE | ||
| Costs of raising funds | ||
| Fundraising expenses | - | - |
| Operation of Charity Shop | ||
| Operating leases – land and buildings | 16,947 | 16,946 |
| Telephone | 733 | 468 |
| Light and heat | 1,255 | 825 |
| Repairs and maintenance | - | 313 |
| Other expenses | 4,308 | 5,315 |
| ______ | ______ | |
| 23,243 | 23,867 | |
| ______ | ______ | |
| Investment management costs | ||
| Woodmancote House: Management fees | 3,015 | 3,711 |
| Woodmancote House: Water, light and heat, and other costs | 2,625 | 4,242 |
| Woodmancote House: Repairs and renewals | 3,958 | 4,059 |
| Woodmancote House: Depreciation on improvements to freehold property | 86 | - |
| ______ | ______ | |
| 9,682 | 12,012 | |
| ______ | ______ | |
| Charitable activities | ||
| Wages and salaries | 100,180 | 103,656 |
| Social security costs | 2,578 | 2,803 |
| Other pension costs | 4,459 | 4,936 |
| Training and recruitment | 1,015 | 352 |
| The COATS Centre: Food and supplies | 11,118 | 675 |
| The COATS Centre: Light, heat, Rates and water | 8,116 | 843 |
| The COATS Centre: Insurance | 2,906 | 3,846 |
| The COATS Centre: Postage and stationery | 217 | 322 |
| The COATS Centre: Telephone | 827 | 428 |
| The COATS Centre: Activities and entertainment | 2,245 | 12 |
| The COATS Centre: Repairs and maintenance | 3,318 | 3,724 |
| The COATS Centre: Cleaning | 3,491 | - |
| The COATS Centre: Health and Safety | 1,404 | - |
| The COATS Centre: Waste collection | 2,678 | - |
| The COATS Centre: Other expenses | 2,158 | 663 |
| The COATS Centre: PPE | 149 | 4,247 |
| The COATS Centre: Other legal and professional fees | 2,987 | 1,242 |
| The COATS Centre Bus: Operating expenses | 3,992 | 1,923 |
| Publicity | - | 904 |
| Accountancy support | 2,498 | 4,201 |
| Independent examiner’s fee | 1,060 | 1,060 |
| Depreciation of tangible fixed assets | 12,782 | 15,472 |
| ______ | ______ | |
| 170,178 | 151,309 | |
| “Building a Better COATS” project costs | - | (2,936) |
| ______ | ______ | |
| TOTAL EXPENDITURE | 203,103 | 184,252 |
| ______ | ______ | |
| NET GAINS ON INVESTMENTS | 2,908 | 11,299 |
| ______ | ______ | |
| NET INCOME | 53,419 | 104,158 |
| ______ | ______ |
This page does not form part of the statutory financial statements
22