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2023-07-31-accounts

YELLOW RIBBON COMMUNITY CHAPLAINCY

Charity registration number 1168292

Company registration number 09639884 (England and Wales) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

YELLOW RIBBON COMMUNITY CHAPLAINCY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Secretary

Charity number

Company number

Registered office

Independent examiner

MrT R Currie Mr P Walker Rev T ABryan Mr RC Scoulding

Mrs P D Mack

1168292

09639884

Meeting Point House Southwater Square Telford Shropshire TF3 4HS

Audrey Williams FCCA Dyke Yaxley Limited 1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA

(Appointed 30 March 2023)

YELLOW RIBBON COMMUNITY CHAPLAINCY

CONTENTS

Page
Trustees’ report 4-4
Independentexaminer's report 5
Statement offinancial activities 6
Balance sheet 7
Statementofcash flows 8
Notestothefinancialstatements 9-17

YELLOW RIBBON COMMUNITY CHAPLAINCY TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 JULY 2023

The trustees present their annual report and financial statements for the year ended 31 July 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 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).

Objectives and activities

Yellow Ribbon Community Chaplaincy is a registered charity working in Shropshire and the Midlands for the public benefit to promote the health and wellbeing, education and relief of poverty of those persons who are in prison, those leaving prison, those at risk of offending and their families by providing resettlement and rehabilitation services including, but not limited to, the provision of mentoring, training, accommodation and support services.

Vision

Our Vision is to journey with people through the many obstacles they face into a sustainable future. Key to this transformation is building a trusted and valued relationship so their voice is heard. Focusing on the one is essential, as each of our clients is unique and needs support tailored to their needs.

Mission

Our Mission is to support the resettlement of people being released from prison and prevent reoffending by acting as a bridge between the statutory sector and the community through mentoring.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

This last year has been a year of transition. The charity achieved its outcomes in the Building Better Opportunities Partnership in Shropshire as well as community grants in the last year of this funding. This funded a therapeutic approach to helping clients address life challenges, alongside emptoyment support tailored to each person’s goals. It continued to enable the development of the charity, building capacity and discipline.

Anew community hub is being developed at Halfway House on the Wrekin. Significant senior management time has been invested in developing the vision and collaborating with partners to widen the scope of the community chaplaincy to enable the unblocking of potential in younger people at risk of offending. Last year, the Bridgnorth farm project gave great opportunities for the development of soft skills and a range of practical skills in a therapeutic and outdoor environment and we are looking to build upon this.

Housing support continues to strengthen, delivering a wide range of interventions which bring significant change. We opened a new house in Wolverhampton, West Midlands, a third house in Walsall and two further flats in Telford. We have been invited into Worcestershire so that we can offer more people leaving prison, a much-needed resource and work closely with criminal justice partners and the local authority to provide a safe, sustainable and stable living environment.

The development of our comprehensive support is continuing to be shaped within our three priorities; somewhere safe and stable to live; something meaningful to do: someone to walk alongside you.

Prison mentoring and training took place in 3 prisons; Stoke Heath, Hewell and Oakwood. An Employability support course was introduced at Stoke Heath with several months of in-depth work with 22 men. The course was highly acclaimed as it worked through all departments at the prison and real transformation was witnessed. The housing team also worked closely with the drug and inclusion team at Oakwood and visited Brinsford. Yellow Ribbon continue to work with the Probation Service and the Community Chaplaincy Association, our umbrella body to develop support for those engaging with chaplaincies in prison. Our pilot work, faith is formally recognised as a protective characteristic for those leaving prison.

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YELLOW RIBBON COMMUNITY CHAPLAINCY

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

Financial review

In 2022/23 the charity had a total income of £663,060 and a total expenditure of £588,449. The stronger surplus is continuing to build the reserve to cover operational costs which is vital to a growing charity. In 2022/23, we maintained a tight control on expenditure and we will continue to do so in 2023/24. The charity is in its seventh year as an independent organisation. There continues to be significant growth. We have successfully completed our fourth and fifth community grant projects.The Riverside base was closed as a project base as the site is being redeveloped and Meeting Point House is still our office base. Its location in Southwater provides a strong community resource to our clients. Together this has resulted in the growing income. In 2023/24, the budgeted income and expenditure is expected to grow as the housing scheme grows in Telford, Stafford, Shrewsbury, Walsall and Wolverhampton. Income from employability support services continued to benefit our clients. It is projected to end with an increased surplus. Whilst, the European social funding and Building Better Opportunities funding ended in March 2023, opportunities for expansion in housing will enable us to redeploy staff accordingly. No adverse movement has occurred in the period to date to cause us to alter that projection.

The trustees are moving towards between three and six months reserves to cover operating costs and are focused on staff salaries. Operating lease commitments have been carefully reviewed.

The level set recognises salaries as the major areas of expenditure and takes account of the fact that vulnerable people are dependent on the services supplied, and the charity is dependent in part on voluntary gifts and donations.

The trustees review the charity's main risks on a regular basis. They are responsible for approving and overseeing the implementation of any changes to procedures, training or other actions to mitigate the risks the charity faces. A formal Risk Register will be established by the trustees in the next six months. All areas which are RAG rated, with high priority areas separately reported.

Plans for future periods

Aims & Priorities

  1. Somewhere safe and secure to live 2. Something meaningfulul to do 3. Someone to walk alongside

Our five-year Strategic Plan 2019-2024 has 5 objectives which are:

  1. Develop mentoring and befriending capability

  2. Enhance employment pathway

  3. Accommodation — improve access and quality

  4. Strengthen the recovery journey

  5. Set up effective infrastructure

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YELLOW RIBBON COMMUNITY CHAPLAINCY

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

2023 OUTCOMES

Over the last year, we have worked with . 125 people were directly helped through our supported living scheme . Average length of stay is 26 weeks . 90 people were mentored . 24 people engaged with the BBO employment support 3 26 people engaged in Community Grant employment support * 22 people have gone into further training . 4 people secured employment

Volunteers and Mentors

The charity is a mentoring organisation at its heart. In October 2013, the project piloted a mentoring approach to supporting those leaving prison who were returning to Shropshire. In March 2015, the charity was accredited with the Approved Provider Standard from the Mentoring and Befriending Foundation. This is an extract from the final report.

“The recommendation to approve the project for APS is given without reservation. Yellow Ribbon has internal mechanisms and procedures that demonstrate a commitment to robust organisation and a high standard of project working, along with strong inter-agency partnership and community networking. With the value ‘everyone is unique’, the project is set up to be supportive, responsive and flexible as needs arise, and with the in-built strength in the flow of communication between staff and volunteers, they actively seek to achieve their purpose and provide a quality service.”

From this foundation, the charity started developing its vision for the scaling up of this work across the region. This was encouraged by probation and prison resettlement teams. In the three years to 2018, the charity trained over 100 mentors. Since then mentoring has continued to be a core provision provided by the staff. However in 2020, the National Faith lead encouraged us to continue with this work regionally. A fresh information sharing agreement was completed with the restructured probation service in 2021. Yellow Ribbon Community Chaplaincy is the single point of contact for mentoring through the gate into faith communities in the West Midlands. The charity is inspired to develop a regional and connected mentoring network across the Midlands.

Structure, governance and management

The charity is a charitable company limited by guarantee and governed by its Memorandum and Articles of Association dated 17 April 2015. It is also registered as a charity with the Charity Commission. In the event of winding up, members’ liabilities are limited to £1 each.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

MrT R Currie

Mr P Walker Mrs L Towers (Resigned 20 March 2024) Rev T A Bryan Mr RC Scoulding (Appointed 30 March 2023) Mr P M Bell (Resigned 28 March 2023)

Trustees are appointed by resolution of the existing trustees, Trustees are familiar with the practical work of the charity and attend information events to keep up-to-date. Any new trustees receive all relevant information relating to the charity and undergo induction covering decision making processes, key employees and future plans and objectives. They are also advised of their legal obligations as trustees.

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YELLOW RIBBON COMMUNITY CHAPLAINCY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

The trustees meet quarterly through the year and ad-hoc as events dictate. They receive Financial reports as well as regular updates on the charity’s activities and fundraising. They are responsible for the overall legal, financial and strategic direction and development of the charity.

Day-to-day management, including finance, HR and operations, is the responsibility of the CEO. She is supported by other members of the management team, who meet weekly, and who take responsibility for the assets of the charity, the supported housing and fundraising.

Small Company Exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Public Benefit

The trustees consider that they have complied with the duty to have due regard to public benefit guidance published by the Commission.

The trustees' report was approved by the Board of Trustees.

MrT R Currie Chair of the Board of Trustees

Dat@: 27? April 2024 sevscsesccisssivissvesgeserseecess:

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YELLOW RIBBON COMMUNITY CHAPLAINCY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YELLOW RIBBON COMMUNITY CHAPLAINCY

| report to the trustees on my examination of the financial statements of Yellow Ribbon Community Chaplaincy (the charity) for the year ended 31 July 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of Association of Chartered Certified Accountants (ACCA) - UK, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

| have no concerms 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 financial statements to be reached.

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1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA

Dated: 21/4/24

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YELLOW RIBBON COMMUNITY CHAPLAINCY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JULY 2023

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes £ £ £ £ £ £
Income from:
Donations and
legacies 3 59,356 - 59,356 50,750 . 50,750
Charitable activities 4 523,349 79,507 602,856 439,879 98,020 537,899
Investments 5 848 - 848 - . -
Totalincome 583,553 79,507 663,060 490,629 98,020 588,649
Expenditure on:
Charitable activities 6 496,875 91,574 588,449 405,827 98,020 503,847
Netincoming/(outgoing)
resources before
transfers 86,678 (12,067) 74,614 84,802 - 84,802
Grosstransfers
betweenfunds (12,067) 12,067 - - - -
Netincomefortheyear/
Netmovement infunds 74,611 - 74,611 84,802 - 84,802
Fundbalances at 1 August
2022		 180,454 - 180,454 95,652 - 95,652
Fundbalancesat 31 July
2023		 255,065 - 255,065 180,454 - 180,454

The statement of[financial][activities][includes][all][gains][and][losses][recognised][in][the][year.]

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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YELLOW RIBBON COMMUNITY CHAPLAINCY

BALANCE SHEET ASAT 31 JULY 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangibleassets 12 1,813 4,672
Currentassets
Debtors 13 32,602 33,517
Cash at bankand in hand 235,982 194,915
268,584 228,432
Creditors:amountsfalling duewithin
oneyear 14 (15,332) (52,650)
Net current assets 253,252 175,782
Total assets less current liabilities 255,065 180,454
Income funds
Unrestricted funds
Designated funds 17 227,000 446,942
General unrestricted funds 28,065 33,512
255,065 180,454
255,065 180,454

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The financial statements were approved by the Trustees on 270Apf: |2024

MrT R Currie Chair of the Board of Trustees

Company registration number 09639884

AF x

YELLOW RIBBON COMMUNITY CHAPLAINCY

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash generated|from|operations|21|41,017|73,980| |Investing|activities| |Purchase|of tangible|fixed|assets|(798)|(1,536)| |Investment|income|received|848|-| |Net cash|generated|from/(used|in)| |investing|activities|50|(1,536)| |Net|cash|used|in|financing|activities|-|-| |Net increase|in|cash|and|cash|equivalents|41,067|72,444| |Cash|and|cash|equivalents|at|beginning|of year|194,915|122,471| |Cash|and|cash|equivalents|at end|of year|235,982|194,915|

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YELLOW RIBBON COMMUNITY CHAPLAINCY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

Charity information

Yellow Ribbon Community Chaplaincy is a private company limited by guarantee incorporated in England and Wales. The registered office is Meeting Point House, Southwater Square, Telford, Shropshire, TF3 4HS.

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

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YELLOW RIBBON COMMUNITY CHAPLAINCY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

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(Continued)
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1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to Leasehold land and buildings 50% Straight Line Plant and equipment 25% Straight Line Fixtures and fittings 25% Straight Line Computers 25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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YELLOW RIBBON COMMUNITY CHAPLAINCY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

3 Donations and legacies

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2023|2022| |£|£| |Donations|and|gifts|6,255|1,050| |Grants|receivable|for|core|activities|53,101|49,700| |59,356|50,750| |Grants|receivable|for core|activities| |Lloyds|Foundation|Grant|35,250|33,000| |Community|Grants|16,651|15,000| |Grants|below|£2,000|1,200|1,700| |53,101|49,700| |4|Charitable|activities| |2023|2022| |£|£| |Employment support|79,507|98,020| |Housing|493,099|427,132| |Rental|income and|residential|charges|30,250|12,747| |602,856|537,899| |Analysis|by fund| |Unrestricted funds|523,349|439,879| |Restricted|funds|79,507|98,020| |602,856|537,899| |5|Investments|

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Interest receivable

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||| |---|---| |Unrestricted|Total| |funds| |2023|2022| |£|£| |848|-|

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YELLOW RIBBON COMMUNITY CHAPLAINCY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

6 Charitable activities

HousingEmployment
Support		 HousingEmployment
Support		 Total
2023		 HousingEmployment
Support		 HousingEmployment
Support		 Total
2022
2023 2023 2022 2022
£ £ £ £ £ £
Staffcosts 152,867 91,574 244,441 214,510 98,020 312,530
Depreciation and
impairment 3,657 - 3,657 4,596 - 4,596
Premise costs 311,728 - 311,728 160,752 - 160,752
468,252 91,574 559,826 379,858 98,020 477,878
Share ofsupportcosts
(see note 7) 28,623 - 28,623 25,969 - 25,969
496,875 91,574 588,449 405,827 98,020 503,847
Analysis byfund
Unrestrictedfunds 496,875 - 496,875 405,827 ~ 405,827
Restricted funds - 91,574 91,574 ~ 98,020 98,020
496,875 91,574 588,449 405,827 98,020 503,847
Supportcosts
Support Governance 2023 Support Governance 2022
costs costs costs costs
£ £ £ £ £ £
Legal and professional 838 - 838 1,205 - 1,205
Office 3,221 - 3,221 3,589 - 3,589
Printing,postage and
stationery
Rent		 1,594
15,244		 -
-		 1,594
15,244		 4,066
11,182		 -
-		 4,066
11,182
Insurance 2,769 - 2,769 2,874 - 2,874
Computerrunning costs 2,216 - 2,216 953 - 953
Independent examination 2,741 - 2,741 2,100 - 2,100
28,623 - 28,623 25,969 - 25,969
Analysed between
Charitableactivities 28,623 - 28,623 25,969 - 25,969

7 Support costs

There are no support costs for governance or fundraising in this year or in prior years.

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YELLOW RIBBON COMMUNITY CHAPLAINCY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

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|||||||| |---|---|---|---|---|---|---| |8|Net|movement|in|funds|2023|2022| |£|£| |Net movement|in funds|is|stated|after charging/(crediting)| |Depreciation|of owned|tangible|fixed|assets|3,657|4,596|

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9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

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||||| |---|---|---|---| |2023|2022| |Number|Number| |17|12| |Employment|costs|2023|2022| |£|£| |Wages and|salaries|244,441|312,530|

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There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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YELLOW RIBBON COMMUNITY CHAPLAINCY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

12 Tangiblefixedassets
Improvements
to Leasehold		 Plantand
equipment		 Fixturesand
fittings		 Computers Total
landand
buildings
£ £ £ £ £
Cost
At 1 August2022 9,483 8,608 14,422 556 33,069
Additions - - - 798 798
At31 July2023 9,483 8,608 14,422 1,354 33,867
Depreciation and impairment
At1August2022 9,483 8,563 10,164 187 28,397
Depreciation charged in theyear - 45 3,349 263 3,657
At31 July2023 9,483 8,608 13,513 450 32,054
Carryingamount
At31 July2023 - - 909 904 1,813
At 31 July 2022 - - 4,672 - 4,672
13 Debtors
2023 2022
Amounts falling due within one year: £ £
Prepaymentsandaccrued income 32,602 33,517
14 Creditors: amounts falling duewithin one year
2023 2022
Notes £ £
Othertaxation and social security 2,703 3,659
Deferred income 15 - 43,634
Trade creditors 2,760 -
Other creditors 591 -
Accruals 9,278 5,357
15,332 52,650
15 Deferred income
2023 2022
£ £
Otherdeferred income . 43,634
Deferredincomeisincludedinthefinancialstatements asfollows:

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YELLOW RIBBON COMMUNITY CHAPLAINCY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

15 Deferred income

(Continued)

2023 2022
£ £
Deferred income is included within:
Current liabilities - 43,634
Movements in the year:
Deferred income at 1 August2022 43,634 48,000
Releasedfrom previous periods (43,634) (48,000)
Resources deferred inthe year - 43,634
Deferredincomeat31July2023 - 43,634

16 Restricted funds

The income funds of the charity include restricted funds comprising of the following:

Movement in funds Movement in funds Movement in funds
Incoming
resources		 Resources
expended		 1 Balanceat
August2022		 Incoming
resources		 Resources
expended		 Transfers Balanceat
31 July2023
£ £ £ £ £ £ £
Employment
Support 98,020 (98,020) - 79,507 (91,574) 12,067 -

This fully spent fund is restricted for the use of employment support.

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YELLOW RIBBON COMMUNITY CHAPLAINCY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balanceat
1 August2021		 Transfers Balanceat
1 August2022		 Transfers Balanceat
31 July2023
£ £ £ £ £
Operational reserve 60,149 84,793 144,942 (44,942) 100,000
Property repairfund 2,000 - 2,000 - 2,000
TheHalfwayHouse - - : 125,000 125,000
62,149 84,793 146,942 80,058 227,000

Operational reserve

This provides a reserve of at least 4 months operating costs. The operating lease commitments are covered by housing benefit income as per note 18 below.

Property repair fund

This is for the dilapidations at the end of lease.

The Halfway House

During the year, the charity's offer was accepted for the "The Halfway House", a property located on the Wrekin. The Wrekin is the best-known hill in the Shropshire Hills National landscape. Over 100,000 people visit the Wrekin every year, at least three quarters of them are locals. A designated reserve of £125,000 for the purchase of "The Halfway House” has been set up

18 Operating lease commitments

The fourteen Telford properties, two Stafford properties, three Walsall properties and one Wolverhampton property are leased from local landlords on one year leases. The two Shrewsbury properties are leased from Green Pastures at an annual cost of £11,160 and are coming to the end of their medium- term leases. Many of the leases began new fixed terms this year, although some remain on a rolling monthly notice, thereby increasing the commitment in 2023.

The café and furniture workshop lease finished this year. The office at Meeting Point House is on a quarterly rent.

2023 2022
£ £
Withinone year 69,627 45,943
Between twoand five years 16,550 -
86,177 45,943

“46s

YELLOW RIBBON COMMUNITY CHAPLAINCY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

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||||||||| |---|---|---|---|---|---|---|---| |19|Capital|commitments|2023|2022| |£|£| |At 31|July 2023|the|charity|had|capital|commitments|as follows:| |Contracted|for but|not|provided|in|the|financial|statements:| |Acquisition|of property,|plant|and|equipment|450,000|-|

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During the year, the charity's offer was accepted for the "The Halfway House”, a property located on the Wrekin for a new community hub to be developed. The purchase is due to be complete in May 2024.

20 ~=—Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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|||||||||| |---|---|---|---|---|---|---|---|---| |21|Cash|generated|from|operations|2023|2022| |£|£| |Surplus for the|year|74,611|84,802| |Adjustments|for:| |investment|income|recognised|in|statement|of financial|activities|(848)|-| |Depreciation|and|impairment|of tangible|fixed|assets|3,657|4,596| |Movements|in|working|capital:| |Decrease/(increase)|in|debtors|915|(13,693)| |Increase|in|creditors|6,316|2,641| |(Decrease)|in|deferred|income|(43,634)|(4,366)| |Cash|generated|from|operations|41,017|73,980|

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