Annual Report January - December 2022 SHEP RD inw erhamptorLor wolvertKJnPton
ANNUAL REPORT JAIIUAAY- DECEMBER 2022 Reference & Administrative Information Trustees. Report .4.10 • Independent Examiners. Report statement of Financial Activities 12 Balance Sheet 13 statement of Cash Flows 14 Notes to the Financial Statements 15-20 www.gsmwolv&rhampton.org.uk
| Note | Unrestricted | Restricted | Restricted | TOTAL | 9 Months to | |
|---|---|---|---|---|---|---|
| Funds | Funds | Capital Funds | 31.12.21 | |||
| INCOME | ||||||
| Donations | ||||||
| General donations | 2 | 148843 | 11125 | 159968 | 122936 | |
| Charitable Activities |
||||||
| Grants and contracts | 3 | 436702 | 240110 | 676812 | 693629 | |
| Miscellaneous income |
12504 | 12504 | 17576 | |||
| 598049 | 251235 | 849284 | 834141 | |||
| EXPENDITURE | ||||||
| Charitable Activities |
||||||
| Food and client support | 4 | 574333 | 216851 | 791184 | 512140 | |
| Property depreciation |
12000 | 12000 | 5000 | |||
| 574333 | 216851 | 12PPP | 803184 | 517140 | ||
| NET INCOME | 23716 | 34384 | -12000 | 46100 | 317001 | |
| Transfers between funds |
3676 | -3676 | ||||
| 27392 | 30708 | -12000 | 46100 | 317001 | ||
| Other recognised gains/losses |
||||||
| Net Movement in Funds |
27392 | 30708 | -12000 | 46100 | 317001 | |
| Funds brought forward |
408469 | 18123 | 270000 | 696592 | 379591 | |
| TOTAL FUNDS | 12 | 435861 | 48831 | 258000 | 742892 | 696592 |
| All income and expenditure | is from continuing | operations |
| Note | As at | |||||||
|---|---|---|---|---|---|---|---|---|
| 31.12.21 | ||||||||
| Fixed Assets | ||||||||
| Tangible | Fixed Assets | 591102 | 604109 | |||||
| Current Assets | ||||||||
| Debtors | 10 | 68940 | 74705 | |||||
| Cash at bank | 359221 | 255830 | ||||||
| 428161 | 330535 | |||||||
| Creditors | ||||||||
| Amounts | falling due | within | one year | -86571 | .38052 | |||
| Net Current | Assets | 341590 | 292483 | |||||
| Creditors | ||||||||
| Amounts | falling due | in more than one year | -190000 | -200000 | ||||
| Net Assets | 742692 | 696592 | ||||||
| Funds | ||||||||
| Restricted | funds | 48831 | 18123 | |||||
| Restricted | capital fund | 258000 | 270000 | |||||
| Unrestricted | and desi | naiad | fund | 435861 | 408469 | |||
| 12 | 742692 | 696592 |
| 9Months to | |||||||
|---|---|---|---|---|---|---|---|
| 31.12.21 | |||||||
| Cash Flows From Operating | Activities | ||||||
| Net income | 46100 | 317001 | |||||
| Adjustments For |
|||||||
| Purchase of fixed |
assets | -5217 | .609273 | ||||
| Depreciation of tangible fixed |
assets | 18225 | 10224 | ||||
| Increase/decrease | in debtors | 5766 | -24650 | ||||
| Increase/decrease | in creditors | 48517 | 169691 | ||||
| 67291 | -454008 | ||||||
| Net Cash Provided | by Operating | Activities | 113391 | -137007 | |||
| Cash Flows from Financial Activities | |||||||
| Repayments of borrowings |
-10000 | ||||||
| Net increase/decrease | in cash | 103391 | .137007 | ||||
| Cash at beginning of |
year | 255830 | 392837 | ||||
| Cash at End of Year | 359221 | 255830 |
| Unrestricted | Restricted | 9 Months to 31.12.21 | |||
|---|---|---|---|---|---|
| Churches | and faith-based | giving | 9726 | 12514 | |
| Gift Aid recovered | 6360 | 24342 | |||
| Legacies | 11600 | 8325 | 5400 | ||
| Individual | giving | 93203 | 800 | 70888 | |
| Companies | and organisations | 27954 | 2000 | 9792 | |
| 148843 | 'I1125 | 122936 |
| Unrestricted | Restricted | 9 Months to31.12.21 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Contracts | |||||||||
| Black Country Health |
Care | NHS Trust | 38600 | ||||||
| City of Wolverhampton | 346380 | 43059 | 243426 | ||||||
| 384980 | 43059 | 243426 | |||||||
| Grants | |||||||||
| PAR Charitable | Trust | 10000 | |||||||
| Community Imtiative |
Fund | 3500 | |||||||
| Maximus Foundation |
2500 | ||||||||
| Grimmit Trust |
2000 | ||||||||
| R and D Turner |
Trust | 5000 | 3000 | ||||||
| Arnold Clark |
1000 | ||||||||
| Garfield Weston | 25000 | ||||||||
| Mid Counties Co-op |
2642 | ||||||||
| Sainsburys | 1000 | ||||||||
| Eveson Charitable | Trust | 285000 | |||||||
| E and 13 Cadbury |
Trust | 2000 | |||||||
| Wolverhampton | University | 3750 | 1667 | ||||||
| Mayor's Ward Fund |
1000 | ||||||||
| Charles Burrrell |
2016 | Settlement | 10000 | ||||||
| tudor Trust | 33334 | 31518 | |||||||
| Tudor Trust | 2000 | ||||||||
| 7 and GWU | 2944 | 1846 | |||||||
| 29th May 1961Charitable | Trust | 7500 | 7500 | ||||||
| Wolves Foundation |
Virtual | Sleepout | 25000 | ||||||
| Neighbourly(Lidg | 4150 | ||||||||
| Big Give Trust | 1250 | 2250 | |||||||
| PB Dumbell | 2000 | ||||||||
| Tesco | 1125 | ||||||||
| Lord Barnbys Foundation | 2000 | ||||||||
| February Foundation |
3000 | ||||||||
| Beatrice Laing | 5000 | ||||||||
| Admt Trust | 10000 | ||||||||
| Millie's Watch | 5000 | ||||||||
| Muras Baker | 1300 | ||||||||
| Grimmit Trust |
3000 | ||||||||
| Hedley Foundation |
2200 | ||||||||
| Oak Foundation | 52094 | ||||||||
| Porticus | 37493 | ||||||||
| StJohn of God Better | Lives | capital grant | 58091 | ||||||
| Grants E1000and | under | 1397 | 1527 | ||||||
| 51722 | 195156 | 418700 | |||||||
| less: deterred to | future | periods | -23608 | -24879 | |||||
| add; deferred from |
previous | periods | 25503 | 58382 | |||||
| 51722 | 197051 | 450203 | |||||||
| iotal grants and |
contracts | per SoFA | 436702 | 240110 | 693829 |
| Adint Trust | |||
|---|---|---|---|
| Millie's Watch | |||
| Mums Baker | |||
| Grimmit Trust | |||
| Hedley Foundation | 2200 | ||
| Oak Foundation | 52094 | ||
| porucus | 37493 | ||
| StJohn ofGod Better Uves capital grant | 58091 | ||
| Grants E1000and under | 1397 | 1527 | |
| 51722 | 195156 | 418700 | |
| less; deferred to future periods | -23608 | -24879 | |
| add: deferred from previous periods | 25503 | 58382 | |
| 51722 | 197051 | 450203 | |
| Total grants and contracts per SoFA | 436702 | 240110 | 893829 |
| 4. Food | S.Client SuppOrt | ||||
|---|---|---|---|---|---|
| Food | Client Support | Total | 9Months to31.12.21 | ||
| Salaries | 115100 | 379068 | 494168 | 328369 | |
| Depreciation | 8681 | 3348 | 12029 | 1074 | |
| Training | 1380 | 1380 | |||
| Volunteer | expenses | 162 | 714 | 876 | 461 |
| Equipment | costs | 570 | 570 | 850 | |
| Cleaning and waste disposal | 7430 | 7430 | 3550 | ||
| Food costs | 3765 | 10550 | 14315 | 9601 | |
| Client welfare | 69581 | 69581 | 23808 | ||
| Disposable | Items | 4085 | 123 | 4208 | 3488 |
| Property costs | 11502 | 1500 | 13002 | 8562 |
| Tenancy Support | 5228 | 5228 | 13111 | ||
|---|---|---|---|---|---|
| Motor and travel | expenses | 3475 | 3022 | 6497 | 7304 |
| Telephone | 3264 | 3280 | 2868 | ||
| Oflice expenses | 5583 | 6031 | 5949 | ||
| Support costs | 25180 | 82927 | 108107 | 103145 | |
| 183582 | 74tttt55 | 512140 | |||
| S.Support Costs | |||||
| 9Months to31.12.21 | |||||
| Salaries | 33607 | 26743 | |||
| Depeclatlon | 6196 | ||||
| Training | 3304 | 4150 | |||
| Volunteer expenses | 301 | ||||
| Professional fees | 4056 | ||||
| Property costs | 15309 | 23593 | |||
| Rent | 11667 | ||||
| Motor and travel | expenses | 1479 | |||
| Independent examintion |
810 | 456 | |||
| Marketing and communications |
27594 | 18789 | |||
| Trustee expenses | |||||
| ITcosts | 8675 | 2192 | |||
| Telephone | 5024 | 3774 | |||
| Insurance | 3365 | 2989 | |||
| Other costs | 2443 | 4736 | |||
| 108107 | 103145 | ||||
| Major property | renovation | 53218 | |||
| Property costs are allocated on the basis ofspace used | |||||
| Support costs are | allocated on the basis ofstaff numbers |
| 6. piet Income/Expenditure | |||
|---|---|---|---|
| Net Income /expenditure Is shown |
after charging: | 9Months to31.12.21 | |
| Depreciation - owned assets |
18225 | 10224 | |
| Independent examiners fee |
810 | 575 | |
| Trustee expenses | NIL | NIL | |
| 7. Trustees' Remuneration |
& Benefits |
| 9Months to31.12.21 | |||||||
|---|---|---|---|---|---|---|---|
| Wages | 484956 | 324628 | |||||
| Pension contributions | 9543 | 6695 | |||||
| Social security costs | 44489 | 27591 | |||||
| 538988 | 358914 | ||||||
| The number of employees |
receiving | more than 560,000 was NIL (2020 - NIL ) | |||||
| The average number |
of staff employed | was 19(2021 - 19) | |||||
| 9. Tangible Fixed Assets |
|||||||
| Equipment | Computers | Freehold Property | Total | ||||
| COST | |||||||
| At 1st January 2022 | 9735 | 22785 | 600000 | 632520 | |||
| Additions | 5217 | 5217 | |||||
| Disposals | |||||||
| At 31st December 2022 | 9735 | 28002 | 600000 | 637737 | |||
| DEPRECIATION | |||||||
| At 1st January 2022 | 7696 | 15715 | 5000 | 28411 | |||
| Charge for the year | 1681 | 4543 | 12000 | 18224 | |||
| At 31st December 2022 | 9377 | 20258 | 17000 | 46635 | |||
| NET BOOK VALUE At | |||||||
| 31st December 2022 | 358 | 7744 | 583000 | 591102 | |||
| At 31stDecember 2021 | 2039 | 7070 | 595000 | 604109 |
| 10. Debtors | |||||
|---|---|---|---|---|---|
| 31.12.21 | |||||
| Debtors | 65566 | 18702 | |||
| Prepayments | 3374 | 56004 | |||
| 68940 | 74706 | ||||
| 11.Creditors | |||||
| 31.12.21 | |||||
| Amounts Fallinq |
Due Within One Year | ||||
| Trade creditors | 170 | ||||
| Accrued expenses | .51742 | .2169 | |||
| Taxes and pensions | -11391 | -11004 | |||
| Deferred income |
.23608 | .24879 | |||
| -86571 | -38052 | ||||
| Amounts Fallinq |
Due - More Than One Year | ||||
| Property loan |
.190000 | .200000 | |||
| The property loan |
is interest free and repayable | as reserves | permit | ||
| 12.Movement | in Funds |
| Brouqht | Forward | Income | Expenditure | Transfers | Carried | Forward | |||
|---|---|---|---|---|---|---|---|---|---|
| at 1stJan 2022 | at 31st | Dec 2022 | |||||||
| Restricted | Funds | ||||||||
| Client welfare | 10389 | 101057 | -86500 | .552 | 24394 | ||||
| Property renovation |
58091 | 48001 | 10090 | ||||||
| Capital Fund |
270000 | .12000 | 258000 | ||||||
| Salary funds | 7734 | 92087 | .82350 | .3124 | 14347 | ||||
| 288123 | 251235 | -228851 | .3676 | 306831 | |||||
| Desiqnated | Funds | ||||||||
| Property renovation |
fund | 125000 | 125000 | ||||||
| Unrestricted | Funds | ||||||||
| Food and client support | 283469 | 598049 | .574333 | 3676 | 310861 | ||||
| Total Funds | 696592 | 849284 | -803184 | 742692 |
| Donations | ||||||
|---|---|---|---|---|---|---|
| General donations | 120997 | 1939 | 122936 | f59966 | ||
| Charitable Activities |
||||||
| Grants and contracts | 349495 | 344134 | 693629 | 676812 | ||
| Miscellaneous | income | 17576 | 17576 | 12504 | ||
| 488068 | 346073 | 834141 | 849284 | |||
| EXPENDITURE | ||||||
| Charitable Activities |
||||||
| Food and client | support | programmes | 404005 | 113135 | 517140 | 796164 |
| 404005 | 113135 | 517140 | 803184 | |||
| NET INCOME | 84063 | 232938 | 317001 | 46100 | ||
| Transfers between |
funds | 9266 | -9266 | |||
| 93329 | 223672 | 317001 | 46100 | |||
| Other recognised | gains/losses | |||||
| Net Movement in Funds |
93329 | 223672 | 317001 | 46100 | ||
| Funds brought forward |
315140 | 64450 | 379590 | 696592 | ||
| TOTAL FUNDS | 408469 | 288122 | 696591 | 742692 |
GOOD SHEPHERD wolverharrpton gsmwolverhampton.org.uk