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|CONTENTS||Page|
|---|---|---|
|Officers and|Professional
Advisers||
|Annual
Report ofthe Trustees||4- 10|
|Independent|Examiner's
Report||
|Statement of|Financial Activities|12|
|Balance Sheet||13—14|
|Statement of|cash flows|15|
|Notes to the|Financial Statements|16-24|
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|
||||||fund|fund|
|||||||(reclassified)|
|||||Note|f|f|
|Income and||endowments|from:||||
|Donations
and legacies|||||66,732|44,722|
|Charitable
activities|||||154,545|89,355|
|Raising funds|||||420,703|365,642|
|Investments|||||1,393|280|
||||||643,373|499,999|
|Expenditure||on|||||
|Charitable|activities||||467,208|418,395|
|Raising funds|||||250,136|127,499|
||||||717,344|545,894|
|Net income/(expenditure)|||before tax||(73,971)|(45,895)|
|Tax payable||||15|744|(744)|
|Net income/(expenditure)|||||(74,715)|(46,639)|
|Total funds|brought forward||||129,301|175,940|
|Total funds|carried forward||||54,586|129,301|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||Unrestricted||
||||||||Total funds|
|||||||fund||
||||||Note|||
|FIXEDASSETS||||||||
|Tangible
Fixed Assets||||||546,489|551,755|
|||||||546,489|551,755|
|CURRENT ASSETS||||||||
|Debtors||||||23,443|15,121|
|Cash at Bank||||||88,765|161,559|
|||||||112,208|176,680|
|CREDITORS||||||||
|Amounts
falling due within one year||||||462,611|135,634|
|NET CURRENT||(LIABILITIES)/ ASSETS||||(350,403)|41,046|
|TOTAL ASSETS||LESSCURRENT LIABILITIES||||196,086|592,801|
|CREDITORS||||||||
|Amounts
falling due after more than one year|||||12,13|141,500|463,500|
|NET ASSETS||||||54,586|129,301|
|FUNDS||||||||
|Unrestricted|Charitable||Funds brought|forward 1October 2022||129,301|175,940|
|Surplus/(Deficit)||for the|year|||(74,715)|(46,639)|
|Unrestricted|Charitable||Funds at 30September 2023|||54,586|129,301|
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||||Note|2023|2022|
|---|---|---|---|---|---|
||||||f|
|Cash flow|from operating|activities||(45,836)|(49,932)|
|Interest paid|||||(744)|
|Net Cash|flow from operating
activities|||(45,836)|(50,676)|
|Cash flow|from investing|activities||||
|Dividends,|interest
and rents from investments|||1,393|280|
|Payments|to acquire tangible
fixed assets|||(4,590)|(12,615)|
|Net cash flow from investing
activities||||(3,197)|(12,335)|
|Cash flow from financing||activities||||
|Loan interest
paid||||(23,761)|(13,108)|
|Net cash|flow from financing activities|||(23,761)|(13,108)|
|Net increase/decrease
in||cash and cash equivalents||(72,794)|(76,119)|
|Cash and|cash equivalents|brought forward||161,559|237,678|
|Cash and|cash equivalents|carried forward||88,765|161,559|
|Cash and|cash equivalents|consist of;||||
|Cash at bank and
in hand||||88,765|161,559|
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|D 30SEPTEMB|ER20|23|||||
|---|---|---|---|---|---|---|
|||||2023||2022|
|INCOME|||||f|f|
|||||||(reclassified)|
|Donations
and legacies|||||||
|Donations|||||10,607|15,617|
|Other income (Gift Aid)|||||7,453|5,482|
|Grant income|||||48,672|23,623|
|Total donations|||||66,732|44,722|
|Charitable
activities|||||||
|Rental Income|||||74,576|3,155|
|Welfare
Provision Scheme|||||65,283|74,789|
|Delivery|||||12,227|9,311|
|Other|||||2,459|2,100|
|Total charitable|activities|||154,545||89,355|
|Raising funds|||||||
|Sales||||294,733||230,807|
|Auction sales|||||5,260|5,822|
|Bulky waste|||||86,196|75,693|
|House clearance|||||34,514|53,320|
|Totalraising
funds||||420,703||365,642|
|investments|||||||
|Income from investments|||||1,393|280|
|Total investments|||||1,393|280|
|Total income||||643,373||499,999|
|Charitable
activities to||raising funds ratio||27:73||20:80|
|||||575,248||454,997|
|The prior year figures have|||been reclassified|to show the Welfare Provision|Scheme|and related|
|income as a charitable||activity. The charitable||activity to raising funds income ratio||has been|
|recalculated to reflect the|||reclassification.||||
|Grants received,|included||in the above, are as follows:||||
||||||2023|2022|
||||||f||
|Kickstart||||||13,703|
|National
Lottery||||||9,920|
|Bupa Foundation|||||5,000||
|StAndrews
Clevedon|||||1,500||
|JA Settlement|||||1,000||
|Garfield Weston|||||30,000||
|Westport c/o University||ofthe West of England|||7,172||
|Grants received|under|f1,000|||1,000||
||||||45,672|23,623|
##
|COST SUMMARY|||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|---|
||||||Charitable
activities|Raising
funds|Charitable
activities|Raising funds|
|Direct costs (note 4)|||||326,652|198,150|305,793|99,349|
|Support costs (note 5)|||||140,556|51,986|112,601|28,150|
||||||467,208|250,136|418,394|127,499|
|DIRECT COSTS|||||||2023|2022|
||||||||f||
|||||||||(reclassified)|
|Costs ofcharitable
activities|||||||||
|Appliances
for Welfare Provision Scheme|||||||53,638|51,906|
|Welfare
Provision Scheme installation|||||||5,145|2,631|
|Consulting/professional|fees||||||32,296|16,513|
|Charitable
donations|||||||107||
|V Plus wellness costs|||||||5,214||
|Direct property
expenses||(see|below)||||41,555|31,781|
|Depreciation
-charitable||activity|||||986|804|
|Salaries - charitable
activity|||||||162,602|185,739|
|Employers
Nl|||||||22,884|14,099|
|Pensions costs|||||||2,225|2,320|
|Total direct costs attributable|||to charitable||activities||326,652|305,793|
|Costs of raising funds|||||||||
|Bulky waste disposal|||||||8,392|6,417|
|Rental costs for waste|||||||8,393|6,416|
|Motor vehicle expenses|||||||15,722|14,852|
|Operating
lease payments|||||||8,293|7,660|
|Salaries - trading
employees|||||||136,540|55,000|
|Pensions costs
—raising|funds||employees||||1,940|686|
|Consulting/professional|fees||||||10,000||
|Depreciation
- raising funds|||||||8,870|8,318|
|Total direct costs attributable|||to raising|funds|||198,150|99,349|
|Total direct costs|||||||524,802|405,142|
|DIRECT PROPERTY EXPENSES|||(Andrew|House)|||||
|Insurance|||||||3,812|6,187|
|Light, power, heating|||||||3,812|5,129|
|Legal expenses|||||||10|175|
|Rates|||||||4,998|2,534|
|Telephone
and internet|||||||1,523|389|
|Loan interest on property|||||||23,761|13,108|
|Repairs R maintenance|||||||3,639|4,259|
||||||||41,555|31,781|
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|D 30SEPTEMBER|2023|||
|---|---|---|---|
|||2023|2022|
|||f|f|
||||(reclassified)|
|SUPPORT COSTS||||
|Advertising
and marketing||15,800|10,628|
|Bank fees||1,636|1,084|
|Charity admin costs (see note 6)||141,641|93,356|
|Food g. drink||2,836|1,345|
|General expenses||15,361|19,414|
|ITsoftware
and consumables||5,162|3,538|
|Printing,
stationery|and postage|1,352|1,304|
|Staff training||2,105|3,465|
|Subscriptions||463|547|
|Telephone
and internet||3,024|1,627|
|Travel
—national||3,162|4,443|
|||192,542|140,751|
||||(reclassified)|
|Charitable
activities|73%(2022 - 80%)|140556|112601|
|Raising funds 27%(2022 - 20%)||51,986|28,150|
|||192,542|140,751|
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|D 30SEPTEM|BER2023||||
|---|---|---|---|---|
||||2023|2022|
|CHARITY ADMINISTRATION||COSTS|E|E|
|Audit 5accountancy fees|||4,139|3,043|
|Salaries|||33,238|26,749|
|Pensions costs|||463|334|
|Employers
Nl|||2,543|1,566|
|General expenses|||1,703|2,157|
|Insurance|||10,646|6,186|
|ITsoftware and consumables|||5,162|3,539|
|Rent|||33,293|23,441|
|Rates|||4,946|8,004|
|Light, power and heating|||22,148|7,010|
|Repairs and maintenance|||20,041|8,237|
|Subscriptions,|postage and stationery||1,815|1,851|
|Telephone
and|internet||1,501|1,239|
|Bank interest|||3||
||||141,641|93,356|
|STAFF COSTS|||||
|Wages and salaries|||332,380|267,488|
|Social security|costs||25,427|15,665|
|Pension costs|||4,628|3,340|
||||362,435|286,493|
##
|The|Independe|nt|Examiner's
remuneration
consist|s of the following:||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|E|
|For|independent||examination|984|984|
|For|non-audit|work||1,466|1,356|
|||||2,450|2,340|
##
|TANGIBLE FIXED ASSETS||Freehold|Fixtures R|Motor|Total|
|---|---|---|---|---|---|
|||Land 8|Fittings|Vehicles||
|||Buildings||||
|COST|||E|||
|As at 30September 2022||520,934|16,799|27,117|564,850|
|Additions|||300|4,290|4,590|
|As at 30September 2023||520,934|17,099|31,407|569,440|
|DEPRECIATION||||||
|As at 30September 2022|||3,480|9,615|13,095|
|Charge|||1,523|8,333|9,856|
|As at 30September 2023|||5,003|17,948|22,951|
|NET BOOK VALUE||||||
|As at 30September 2023||520,934|12,096|13,459|546,489|
|As at 30September 2022||520,934|13,319|17,502|551,755|
|The loan off322,000 is secured on the freehold|property.|||||
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|DEBTORS|||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|E|
|Trade debtors|||||11,480|10,428|
|Corporation|tax reclaim|||||2,256|
|Other debtors and prepayments|||||11,963|2,437|
||||||23,443|15,121|
|CREDITORS: Amounts||falling due within one year|||||
||||||2023|2022|
|||||||E|
|Loans from|Trustees|and related parties|||110,000|110,000|
|Trade creditors|||||15,289|8,135|
|Tax||||||3,000|
|Social security and other taxes|||||5,918|7,037|
|Other creditors and accruals|||||9,353|2,661|
|Mortgage|loan on property||repayable|under 1year|322,000||
|Van loans|||||51|4,801|
||||||462,611|135,634|
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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|Loans from Trustees||||||||||
|Over|5years|||||||65,500|65,500|
|Over|1year, under 5years|||||||5,000|5,000|
|Company|loan|||||||||
|Over|5years|||||||71,000|71,000|
|Mortgage|loan on property|repayable||under||5years|||322,000|
|||||||||141,500|463,500|
|SECURED|DEBTS|||||||||
|The following secured debts||are|included||within creditors:|||||
|||||||||2023|2022|
|Mortgage|loan on property|||||||322,000|322,000|
|RELATED|PARTY TRANSACTIONS|||||||||
|The Charity has received loans from||||trustees||and related|parties as follows;|||
|||||||||2023|2022|
|Keystone Projects 5||||||||||
|Management
Limited*|||Repayable|||in less than 1year||110,000|110,000|
|Terry|Mears||Repayable|||in over 1year||5,000|5,000|
|Management
Limited'|||Repayable|||in over 5years||71,000|71,000|
|Jeff Peacock|||Repayable|||in over 5years||65,500|65,500|
|||||||||251,500|251,500|
|Between 1and 5years|5,000|5,000|
|---|---|---|
|Over 5years|65,500|65,500|
||70,500|70,500|
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|TAXATION||||
|---|---|---|---|
|||2023|2022|
|||f|E|
|Current tax:||||
|UK corporation|tax owed to HMRC 2021/22||3,000|
|UK corporation|tax due from HMRC 2020/21||(2,256)|
|Tax on trading|profit||744|
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||E|E|
|Net income /|(expenditure)|for year / period|||(74,715)|(45,895)|
|Depreciation|and impairment||oftangible|fixed assets|9,856|9,122|
|Income from|investments||||(1,393)|(280)|
|(Increase) / decrease
in debtors|||||(8,322)|7,501|
|Increase / (decrease)
in creditors|||||4,977|(33,488)|
|Loan interest|paid||||23,761|13,108|
|Net cash flow|from operating||activities||(45,836)|(49,932)|