## ANNUAL REPORT ## 2022-2023 Registered Company Number 10371450 Registered Charity Number: 1170810 ## **CHAIRMAN’S REPORT** What a difference a year can make to our organisation. We have weathered the aftereffects of the Covid epidemic, and I’m pleased to say we have come out better and stronger. We are in the process of buying the building to make sure our base at the Odell is secure after 40 years of renting the property from Worcestershire County Council, this also includes the upstairs. The trustees have formed working parties to cover various aspects of this transition. Roger Smith has become the trustee for the allotments and Green Shoots. Unfortunately, John Peers decided not to continue as a trustee, but we still have contact through the Kate Welling’s Trust. Staffing has had its issues but all credit to our hardworking staff for working together to support all our members. A big thank you to all our staff, and all the help and support from all the trustees. **Ann Masters Chairman** ## **MANAGER’S REPORT** At the start of this reporting period (April 2022) we had fully returned to a normal day service operation without any restrictions in place following previously significant disruption caused by the Covid-19 pandemic. This, in part, no doubt helped us to increase members numbers attending the Odell Centre from 78 to 84, as individuals felt more confident about fully integrating back into society. On 1[st] June, the Odell Centre hosted a joint celebration event, to mark both Queen Elizabeth 2’s platinum jubilee and also to celebrate the memory of two Odell stalwarts who were involved in the formation of The Odell Trust and subsequent opening of the Odell Centre – Ken Peers and Joyce Coley, who between them had held Trustee roles of Chair and Vice Chair and subsequent honorary roles of Honorary President and Patron. We were packed to the rafters and a great day was had by all. There was the official unveiling of the Ken Peers boardroom, attended by Ken’s son and Odell trustee John. Talks were given by John in relation to his father’s role at Odell, former Odell trustee Marie Holland and a wonderful video presentation about the history of the formation of The Odell Trust, by current founding trustee Trevor Burgess. The Odell Players performed the Elvis Presley song “Can’t help falling in love” and the day culminated in a visit by an ice-cream van. We have forged closer community links with the Wyre Forest School, with their sixth form pupils now joining us for kickboxing, in addition to the longstanding zumba sessions. The purpose of which is for the Odell Centre to appeal to a younger client group. Two pupils aged 19 joined us straight from leaving school in the summer of 2022. Annual coach day trips took place to Drayton Manor Park and Weston-super-Mare, the former being funded by the Stourport Rotarians. These trips have become an Odell tradition and are thoroughly enjoyed by all who attend. Worcestershire County Council rolled out their new day service specification for contracted day providers called “Positive Days”, encouraging day providers to engage in more community-based activities. After many years of discussion, we have finally extended our lease of the building with Worcestershire County Council to include use of the upstairs. In order to gain internal access to upstairs and ensuring we adhere to health & safety requirements, we have had some refurbishment work carried out. This work has included the fitting of a door in our Park Street corridor and the building of a stud wall with further door at the bottom of the stairs. At the present time, upstairs is being used to host trustee meetings in the boardroom, a staff rest area and two small pod rooms for solitary working or 1:1 meetings. Discussions are currently ongoing, but terms not yet agreed with Worcestershire County Council, with regard to The Odell Trust purchasing the freehold of the building from them. **Craig Darby General Manager** ## **Day Service Projects** We deliver 5 core projects at Odell, both onsite within the Centre and out and about within the local community. ## **Green Shoots** We continue to operate four allotment plots across two sites at Habberley and Franche. Members have grown plenty of seasonal produce to supply the Odell kitchen. Some of the crops grown included, runner beans, carrots, parsnips, onions, leeks, potatoes, cabbage, cauliflower, broccoli, a variety of salad, courgettes, marrows and pumpkins. We have constructed a second poly tunnel at our Habberley allotment, which has increased the area we can access for crop propagation. Green Shoots has also linked up the Three Roses Learning Disability Care Home at Clent, whereby every Thursday, a group from the Odell Centre go to the Three Roses to help their residents develop a plot of land for horticultural purposes. This has included installing raised beds to grow crops in. **Earth Craft** The Earth Craft project has linked up with the Wyre Community Land Trust in Bewdley to participate in woodland-based activities. These activities include green woodworking using a shave horse, wood turning using a pole lathe and coppicing and willow work. Earth Craft continues to go from strength to strength and the team have been engaging in a broad spectrum of activities, including making from scratch - soup, butter, bread, stinging nettle houmous, burgers and sausages (we have even bought a sausage making machine). They have cooked their own lunches on an open fire, predominantly using a Dutch oven. Other skills learnt during this period include making elderflower cordial, making spoons from cat willow and making rope from rhubarb skin. ## **The Odell Players** Facilitated via Worcestershire County Council, we have been able to access funding from the European Social Fund (ESF). We accessed grants to the tune of 70k, which equated to 60 individuals being signed up to the project, 20 of whom have been external participants. This has involved Odell staff going out into the local community to deliver 12 weeks of external drama sessions at care homes and supported living units, such as Stourside (Lifeways) supported living complex and the Three Roses care home. Topics covered include participants researching black and white mime films (Laurel & Hardy, Chaplin etc), which has been used towards storyboarding the production of their own black and white mime film. During this period, we have also linked up with the Elizabeth Mills Centre in Stourport who have allowed us to use their stage. Over the last few months, we have been practising our latest drama production – Wild Weston Super Nightmare, which culminated in a performance for attendees of the Elizabeth Mills Centre and friends and family of Odell members. ## **Splinters** Members have been working on a range of different woodwork projects. These include making plaques of varying designs, models of sailing boats, planters, musical boxes, bird tables, bird boxes, bookcase and a garden bench. Members have been using a variety of hand tools and power tools under supervision, thereby allowing each individual to advance on their existing skill set. ## **Art Club** Art Club continues to be our most popular project by sheer volume of members participating in arts & craft related sessions. It covers a wide spectrum of different disciplines and type of materials used. We covered a lot of seasonal activities and special events, including the Queen’s Platinum Jubilee, Chinese New Year, Remembrance, Valentine’s Day, Halloween, Easter and Christmas, to name just some of the occasions we celebrated. For the Jubilee, we made a throne, crowns, lavender hearts, flags and bunting. We made a dragon, fans and masks for the Chinese New Year and we made all the scenery backdrops for The Odell Players drama performance. **General Activities** Our 5 core projects are supplemented on the weekly timetable by many general activities. These include a number of sporty / fitness-based sessions, such as kickboxing, Zumba, dance and yoga for which we utilise the services of external instructors. We also visit the leisure centre weekly and have 2 music men come to Odell on alternate weeks to deliver sessions. Other general activity sessions carried out during this period include baking, flower arranging, pamper sessions and team building sessions such as skittles, curling and quizzes. **Christmas** Christmas at Odell is always a very busy time of year, with the timetable packed full of extra special activities, to supplement the normal calendar of events. Christmas kicked off with a trip to pick up Odell’s real Christmas Tree and decorating the tree and Centre. Trips included visits to the Safari Park, a trip to Birmingham on the train on the Polar Express, a canal trip on the Pamela May narrowboat, pantomime trips to Malvern Theatre for Beauty and the Beast and to Stourport Civic Centre for Jack and the Beanstalk. We visited Webb’s enchanted garden at Wychbold, Bodenham Arboretum for the nativity trail and tenpin bowling in Worcester. We had visits from the “Animal Man” and Andy’s Magic and the members Christmas party took place at Kidderminster Cricket Club. All Activity Coordinators also delivered their own Christmas themed activity to members during December. Christmas would not be the same without our annual visit from Elvis tribute act Andy James. ## **Donations** The Board would like to offer their grateful thanks to all those who continue to support the Odell Trust through donations and grants. Joyce Coley Estate £ 4,949.00 Joyce Coley Estate £14,847.00 Co-op £ 341.51 Monday Night Group £ 600.00 Kidderminster Golf Club £ 3,000.00 Tek £ 300.00 In memory of Philip Harris £ 599.70 Saltfest £ 62.90 Jenny Perry £ 25.00 Co-op £ 2,608.95 Sue Forester-Morgan £ 100.00 Mrs Buttery £ 25.00 Newfield Masonic Lodge £ 180.00 Wyre Forest Lottery £ 71.00 Newfield Masonic Lodge £ 600.00 Mr K Green £ 30.00 Individual Small Donations £ 394.94 ## **Grants** Worcestershire County Council (ESF Fund) £70,150.00 Previous Grant Money Spend this year £ 1,533.00 ## **FINANCE REPORT** |**INCOME**
**EXPENDITURE**|**INCOME**
**EXPENDITURE**|**INCOME**
**EXPENDITURE**|**INCOME**
**EXPENDITURE**| |---|---|---|---| ||**Year to**
**31/3/2023**||**Year to**
**31/3/2023**| ||**£**||**£**| |WCC Personal budgets|539,950|Staff Costs|392,562| |Donations|28,735|Activities|85,421| |Grants|71,683|Support Costs|157,863| |Other Income|602|Governance/Investment exps|2,500| |||Equipment Hire|3,952| |**TOTAL**|
**640,970**|
**TOTAL**|
**642,298**| ## **OVERALL ANNUAL DEFICIT = £1,328** Despite the 2022/23 accounts showing a very minor overall deficit, the trustees are pleased that the Trust remains in a strong financial position. Over the year, there has been a considerable increase in Income which is pleasing, however there has also been a significant increase in Expenditure and this has led to the minor deficit. In addition, this year has seen some notable fluctuations in the investment market, and this has led to very poor interest returns, and in many cases a fall in the value of the investment. This has led to a reduction of £11,433 in the value of the trust’s investments. Despite all this, the trustees have been able to set a healthy reserves policy as detailed below. This enables the trustees to feel protected against potential unexpected costs. In turn this has enabled the trustees to continue to look forward and move towards the further development of purchasing the upstairs part of the current building, thus enabling a broader range of activities for members. ## Reserves Policy The Trustees have agreed a Reserves Policy based on 6.5 months running costs, plus an allowance for redundancy pay and other closure liabilities. For 2023 this figure has been set at £494,750. This figure also includes an increased allowance for potential vehicle purchase/renovation, and a contingency funds to help support Odell members with significant needs. A full set of accounts can be viewed on request. ## **Alan Wardle Treasurer** ## **Governance Structure** The Trust became a Company Limited by Guarantee on 12[th] September 2016 and is governed by Articles of Association which established the objects and powers of the charitable company. ## **Charity Name** The Odell Trust ## **Charity Number** 1170810 ## **Company Number** 10371450 ## **Registered Address** The Odell Centre, Plimsoll Street, Kidderminster DY11 6TZ ## **Trustees** Mrs Ann Masters – Chairman Mrs Sue Moreve – Vice Chairman Mr Alan Wardle - Treasurer Mr Trevor Burgess Mrs Sue Cowen Mrs Jenny Perry Mr Alex Roberts Mrs Sue Nicholl Mr Keith Slater Mr Roger Smith ## **Independent Examiners** Cutter & Co Ltd Lyttleton Court 3 Birmingham Street Halesowen ## **Bankers** CAF Bank Ltd RECJS'fF.Rf.D COMPANY NUMBER.. 10371450 (England and Wgle$} REGISTF.RF.D CHARITY NUIMBER.. 1170810 REPORT OF THE TRUSTEES AND UNAUDITLD blNANCIAL STATFMENTS FOR I'IIE YEAR ENDf.D 31 MARCH 2023 FOR I'IIE ODELL TRUSI. CUT]'LR & CO LTD CHARI"E:.RI,:D AC.COUNTANTS 3 Lytilctoi) Court Birmiiighani Street Hdlesowen Wesl Midlands B63 3HN THE ODELL TRUST CON'I'EIN'I'S 01,. THb FINANCIAL STATbMLNT UII TIIE YEAII Li IYDLD 31 .MAIIC&I 2023 P4ge Report of the Trustees Indepeiident ExRrnlner's Report St#t¢m¥nt of Financial Atlli'ities B#l#nee Sheet Note5 to the Fin8n¢ial StatenieDt$ 8 10 14 Detailed Slatempot of JlinyNcial Activitie5 15 10 16 THE ODELL TRUST REPORT OF THE TRUS'fLE FOR'fHL YEAR ENDLD 31 MARCH 2023 Tlie ttljslees who are also diiECtors of ihe ¢harily for Ilie purposes of Ilie Compai)ies Act 2006, PTcsent their report with the fit)ancial slaiei)ieiils of Ilie cl)arily foi the year ended 31 Imai'ch 2023. 1'h¢ tru%tccs have adopted Ihc provisions of ALLouniing and Reporting by Lhariiies.. Statciiicnt of Rccommcndcd Pi"aLli¢e applicable lo cliarities preparing Iheir accoutst% accordancc with thc Financial Reporting Siaiidard applicablc in the UK and Republic of Ir¢land IF'RS 102) leffcctive l January 20191. OBJECTIVES AND ACTIVITJES objectiv￿ aiid aims Tlie obj¢cliv¢ for wliich tliis cli&rity is established i.% to prnvidc a R¢crcational Day C¢iitre lo suppori individuals who live iji WoTce%ter%hire or thc 8iirroundiiig ar¢a in r¢creation oi. oiher l¢isiire lime occiipalioii. Tl)is provisioii sels oiit to improve Ilic ¢ondilitsii% of lif¢ for Ihase who have iieed of such faciliiies Iliix)ugli dtsabiliiyb age,- yoiiili, infirimity, financi&l hardship or so¢ial ¢ir¢un)staiices. The objectives. ai1115 ai)d aclivilies are Irview¢d ¢a¢li year. Tlic rcvi¢w looks at whai has been acliieved and ilie outconi¢ in the pirvious twelve month%. I"hc irvicw looks at thc success of each key acliviiy and benefits they hav¢ brought those people the Charity wa5 %et up to help. Th¢ ieview also helps lo eiisure Ihal the objectives, airns and acliviti¢s reniain fo¢us¢d on tlic charity's slated puipose. Tlie li'iisiees lidve refenrd to tli¢ guidancc conlain¢d in thc Charity Q)mniission's general guidaD¢¢ ot] public beii¢fil when i'eviewing i1iL objeclivc5 and aiins, and in planning Tlie Odell Tnjsl coiitiiiue5 to meet its aim% and objeciiires by providing fa¢ilities such as equipinent, buildings artd access lo vaTi¢)us ¢on)nJiinily vcnues ai which il pi-uvides social, J'Lcreational Jnd leisiiiE resoiirt¢$ for pcoplc with disabilitie5 at)d other disadvantages. Tv do so li eiiiploys a team ofslaff aiid maiiages voluiileer%. Signifi¢an¢ &¢tivities To acliieve its vbjeclives the cliaTity provides soci81 and recreational acliviiies at a day cenire called the Odell CenttE aiid outside in tl)¢ wider community. Volunteers The charily is grateful for the un¥tinling effoits of its voluntecrs, who ar¢ involvcd in sthvi¢c provision gnd fund raisÈn¥. ACHIEvTr.￿lEN]' AND PERFORMANCL Churhtable activitLC5 I'his J'cporiing pei'iod was lh¢ first liinc in Iwo yeai's ihat we hdve had no disruplion lo our day scrvic¢ caused by th¢ pandcinic. due tn tlic irsiriciioiis iii)P05ed by Ilie Govcniiiieiit. Tliis allowcd u5 to conccntrat¢ fully on furtlier d¢velopiiig our day service op¢ratioii, to appeal to 2 Wtdcr a8¢ raiigc of iiidividiials aifcnding tlic Od¢ll Cenlre, wilh particulaT Tefer¢nLe lo atlracliiig mtsre youJi8eT peopl¢. As a ¢onlrdCted extemal pi'ovider of day services fur Woi'ceslersliiie CouiJly C.ouiicil (WCC). Ive have continued to embcd Ihc principle5 of WCC'S Posilive Days Day Servi¥e speLificatioA, incorporating ¢VCL' more activity deliv¢ry offsitc within the loeal coim)iLinity. Our dmy seivice opeialioji lias conliniied lo fociis around oiir 5 corc projects. S. Grcen Shoot5- Horticiilturc 2. Earil) Craft- bushcraft & green woodwoiking l. Th¢ Odell Players- perfonning ai'ls 4. Art Club- ails & Ll'afts 5. Splini¢rs- woodwork iii a work%hop typ¢ ¢nvironinent Our core service i.s supplcni¢i)ted willi a robust meiiu of gei)cral a¢iivities iiicluding yoga. kiek-boxing, zuinba, photoglaphy, golf. fsshing, flower arrallgink. pampcring. covking, needlccrafi% and irtany otheis. Page I THE ODELL TRUST RbPORI' I)b TIIF, I'RU%Tf4,ES FOR T14b YEAR ENDEID31 MARCH 2023 FINANCIAL REVIEW This ycar the triLStce5 havc been plcasld to 5¢¢ that ¢)v¢rJll illLome within ih¢ LhaTlty has continucd to grow. I'his has bccn particularly pleasing given the itnpaci of the uii¢¢rtait]ty of CUiTcnt financkal rctUTns on invcsknncnt.s particulai'ly. The instability L)f the investment markei hds I"equii'ed trustees to i'cdesigll thc long-slallding ajrangement of invesim¢nts. It is pleasiii¥ lu iiole tlial Ilie clianges niade liave eiisLlI'ed iliai Ilie ovej'all healiliy po¥ili(Iii ot. Ili¢ r¢serves lias been IndinlainLd. Tljis IIAS ¢nablLd IliL lj'uslees lu feel iunfidLni io a¢lively piirsiie Ili¢ piirclia5e ol lh¢ upper floor of Ihe ¢utrcni building. This will cMbl¢ th¢ Inist lo offcr a wid¢i- rangc of con51iuGlIve activitie5 for the Jnejnbers. ReseTYes Policy The Trustees liave agTL'ee(l a ReseTves Policy bdsed oi) 6.5 mojiihs runJiiii&i Costs plus ali allowance fur reduiidancy Pdy aiid othei. closiii'e liabilities. I,or 2023 this ligiiir has beeli sei ai L494,650. STRIJCTtJRF., GOVF,RNANCE AND mANAGE￿IEN7' Governlng document The Lharily is a cliarildble Lunipaiiy liiniled by gLiaranlee, incoiyoraled on 12111 Septemb¢i 2016 and rc¥islcred as a chaTily on 19ih Dectnib¢i' 2016. 'fhe company was established, is govemed. Iindci. ils Meinorandut)1 211d Arii¢les o( A&%ociation whicli cslablishcs Ihc objecls and powers ofih¢ vharilable con]pany. In tlie event of tlie coinpany being wound up, members are required tts conlribiitc an ainouiil noi ex¢ccding £10. Recrullment and appointment of neiv tru$t¢e$ Where tliere is a requireii)eiit for new Ir115tee5, 11)e5e ivould be ideiililied and appoiiiied by Ilie reii)aining irusiees. REVERKIYCE AND ADMINISTRATIVE DETAILS Regi$ter¢d Company number 10371450 IEiig?laiid aii(I Wdlesl Reglstered Charity number 1170810 Registered o￿l¢e The Odell C¢nlre PlimsolS Street Kiddcrmtnster Worce%ter8hire DYI 16TZ Tru5tee5 r BurgLSS A Masters I rs S A MOTCVC Mis S NiLholl A Rob¢i15 Mr.4 J l) Perry Retired Mrs S Cowcn Rclired A P WaJQle R¢tircd K M Slaler Retired J C S Peels {resigncd 22.11.22) Mr R A Siniili Retired Pag¢ 2 THb ODELL TRUST Rfi PORT OFTHF TRU%TEE8 FOR THE YEAR EIYDED.11 MARCH 2023 REFFRF.NCE AND ADMINISTRATIVE DTrI'AII.S Independent Ex#MineY Katlicrinc Jones CUTTER & CO LTD CHARTERE.D ACCOUNTANTS 3 Lyitleluii Couri Biriiiingliain Slre¢i Halcsowen Wc5t Midlands B63 3HN Approved by ordei. of ihe board of trustees oji 30 Septeimber 2023 aiid sigiid oii its behalf by.. Mrs A Masler5- Tiwslee PabTe 3 INDEPENDFNT F,XAMINF.R'S REPORT TO THE TRUSTEES OF THE ODELL TRUST lThdependenl examiner's report to the tr￿st¢eS of 'l'he Odell l-ru5t I'the Coinpany,) report lo tlie cliarity truslccs oil niy exaininalit>ii of tlie ac¢t>unt% tsf the C.on)pany foL- the year eiided.I l MaTch 2021. ResponsIbllltl￿ And basis of report As Ihe cliariiy's Irusi¢es ofihe Coinpany laiid also ils directors for tlie purposes of coinpajiy law) you are responsible for the pr¢paiation ol'lhe aQfOUlils in aCLoJYlanLc wilh Ilie reqiiii'enienls of Iht Coinpk)nits A¢1 20061.ihe 2006 A¢i'l. l.laving sati%fied my.8clf that the ac¢ount¥ of Ihc C.on)p8ny are not tcquircd to bc auditcd under Part 16 of thc 2006 Act and ilTC cli¥iblc for iiidepciidcnl cxaTninulion. l Tepoi1 iii i-cspccl of my exaininalioii of yoiii. charily's a¢coutil8 as caiTicd oiil under S¢ciion 145 of ihe Ch2riiies Act 2011 I'ihe 2011 A¢l'). In ¢anying out my exainination I have followed Ihe DiieLlionb gFiven by th¢ Cliatity CuJ)IlMissivn unaer S¢¢iion 145(5} (bl of Ihe 2011 ALI. Independent examiner 5 $latemenl Siiicc yoiii. cliai'ily's ¥r05s iiicoinc cxcccdcd £25O,IX)O YOUT exainincr iiiiisl bc a mcinber of a list¢d body, l Can ¢oiifirm that l am qualificd to undcrtake tlie examiiiatioii becausc l am a men)b¢i' of the **ERROR- relevant professional body must be completed** whicli is oiie of tlic I￿Sted bodies. I have coinpleled iny exaininaliotj. I coiifim Ihal no n)allei3 have ¢()ine lo n)y attention li) coiineclioii with ihe eAaniiiialioii giviiig ine cause lo believ¢.. accounting records were llot kept it) respeLI of the Conipany as iEqvir¢d by Section 386 of Ilie 2006 Acl- or the accounts do Jiol accord with ihose reLOJ'ds' or tlje accouiiis do i)ol coii)ply willi Ilie accounlii)g requirejiieiils of Seciion 396 of tlic 2006 Act oilier tlwn any requtreihei)t ih2t Ilie acc()iinl% give a trLlC lliid fair view wl)ich 15 llot a Jiialler coiisidered as part of ali 11)dbpciidcnl cxsn)iiialion' or the accouiits have iiot beeii prepared in ac¢ordaii¢e wsth the mcthod% and priiiciples of the Stateineiit of Reconinieiided PT#clicc for accouiiting and rcporting by cliarities (applicable to charitics pi'cparing tlieir accounts iji accordaiice ws11i the Fijiajicial Reporling Stai)dJrd applicable iii Ilic UK ajid Republic of Ireland IFRS 102)). I have no con¢¢ms and have Come across no other iiiatlers in coniicclion with the ¢xaminalioi) to wliich alteiilion should b¢ drawn in Ihis report in order 10 enable a PToper und￿'StandI￿)g of the accounts to b¢ rca¢li¢d. Katlierine Jones Cu￿ER & CO LTD CHARTERED ACCOUNTANTS 3 Lyiiletoii Cow1 Flalesowcn Wcst Mim charitable activities Attendance income Grai115 539.950 71,683 404,122 101774 611633 505 896 Granls received. iiicluded li) Ihe above. air as follows.. 2023 2022 Eve50n Charilahlc Trust Lottery IT Qii#nt 626 907 737 1,533 PAge 9 Continued... THE ODEI.I, TRUSI. NOTES TO THF. FIYI ANCIAL SI'ATCMbNTS- continued FOR THE YEARE￿'DED.3I MARCH 2021 CHARI'IABLE ACTIVITIES COSTS Support costs (see nolc 7) Diieet Cusls Totals Charilable eX￿ndItUre 477,983 160363 638,346 SUPPORT COSTS Goveitiance costs Maiiagein¢nt Fiiiance Totals Chai'itable cxp¢nditure 157 863 958 1,542 l (10 363 NET INCOIMEI(EXPENDITURE) Nei inconicl(exp¢ndilurc) is staled after ¢lidTgli)￿1Cr¢{ll1in￿l'. 2023 2022 Dcpretiation- owiied assets HiT¢ ofplanl and iiiacliJn¢ry 1,530 3,952 11,626 TRUSTEES, REMUNEILITION AND BENEFITS There wcr¢ no Irustecs, Tcmuncralion or uthci. benefils for the year eijded 31 March 2023 nor lor the ycar ended 3 1 Mar¢h 2022. Trustees, expenses I'hcre w¢r¢ no 31 Mar¢h 2022. trustees, exp¢ns¢5 paid foi. the year ended 31 Mareh2023 nor for Ihc year ended 10. STAFF COSTS 2023 2022 Wago% and.%alaries Social sccurity cosL Other p¢nsioJ] costs 359,313 25,859 322,602 18,725 5.964 392.562 347,291 Tlie averoge monthly number of einployecs diirii)g tlie yeaT was as follows.. 2023 2022 17 Day Cciitre Adminislratioii 20 20 No employtts r¢¢¢iv¢d emoluments in excess uf £60,0(10. Page 10 ¢oiilinued... THE ODELL TRUST NOTbS I'o'fHF, bINANCIAL STATEMENTS- condnued FOR I'HE YbAR ENDED.11 MARCH 2023 ii. COMPARATIVES FOR THE STATFMLNT OTr FIIYANCIAL ACTIVITIES Uiiresiri¢led fuiids Reslricled fijnds Total INCOME AND ENDOWMENTS FROM Donations and Sega¢ies 12.170 12,170 Charitable 2Ctivities In¢uine froin charitable aclivilics 504.092 1,804 505.896 Othci tradiiig activilies IIivc51ineni inconie 625 625 TotaL 518,506 520310 EXPEINDITURK ON Charitable activille$ CharLi*bl¢ cxpcndilure Incomc froin chaiilable a¢tivilies 518,877 11)68) 1.804 520,681 196¥) Other 3.350 Total 521.259 523 063 NET INC()MEI(EXPENDITURE) (2,753} (2,753) RECONCILJATION OF b"UNDS Total funds brou8hi foTward 530,813 530,813 TOTAL FUNDS CARRIED FORWARD 528 060 528.060 12. TANGIBLE FIXED ASSETS Fixtures Moior vehicles fittiiigs Totals COST Al l April 2022 Addilions 91.266 23,374 114,640 At 11 Marcli 2023 In2 895 23,374 126,269 DEPRECIATIOF4 Ai l April 2022 Cliarg7e for yeai. 36,092 15.824 1.510 51,916 11,530 At 31 Marcli 2023 46,112 63,446 ET BOOK VAI.UE At 31 MaT¢h 2a23 56.783 6,040 62,823 At 31 Mat¢h 2022 55.174 7,550 PagTe I I ¢oJilinued.. THE ODELL I'RUSI. NOI'ES TO THE FINANCIAL s-fATF'MI b:NTS- continued FOR THE YEAR EF4DED 31 MARC.H 2023 13. DEBTORS.. AMOUE¥TS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Prepayments 26,821 7.800 14. CURRENT ASSET INVESTMFNTS 2023 2022 Inv¢sli*¢iit accounls 412.088 354347 15. CREDITORS: AMOVNTS FALLING DUE WITHIN ONE YF.AR 2023 2022 Ti?d¢ ¢rcditur Su¢i41 s¢cutity and other Oilier LTe(litui's Accjuals aijd d¢ferJEd inLome A¢cTucd cxpcnses 12,873 7.629 1,847 8,689 13.000 5.105 10,222 32.442 16. MOVLIMENT IN FUNDS Nci Iiiovenient Transfcr5 b¢iwccn fiinds At Ai 1.4.22 Unre5ti'icted fuiids Gencral fund De%ignal¢d fiind 67,538 460 522 (12.7611 134,128) -14,128 20,649 494,650 528.060 12,761) 515299 TOTAL FUNDS 12 Nel movement in fwids, included in the above are as follows= Incoiiiing resoiirc¢s Rcsoiir¢c5 expended Gdins and losscs Mov¢Jn¢ni in funds Unrestri¢ted fund5 G¥neTal fui)d 640.970 {642,298) (11,433) 112,7611 TOTAL FUNDS 640.970 642,298} 12 7611 Page 12 ¢oiilinucd... THE ODELL TRUST N01'bS TO THF, FINANC.IAL 4TA'I'V MENTS- eonlinued FOR I'HE YEAR bNDbD 31 MARCH 202. 16. MOVEMENT IN FUNDS- eontinued Compar*tlv¢s for movement in funds Nei Inoveillent Ai 1.4.21 Vnrestri¢ted funds Cieijeral fuiid DeEignated fvnd 42,658 488,155 24.880 (27.633) 67,535 460,S22 TOTAL FUIYDS 530 813 528 060 L'oinpaTafsv¢ net movenienl in ￿lId8, iiicluded in the above are as follows.. Incon)ing resourccs Resoiirces CKI)cnd¢d Movcm¢Dt in funds Unre5triet¢d funds General fiind 518.506 (521,259) {2,753} Roslri¢t¢d funds Evesoii Charitable Trust Lotlery IT Gi)nl 737 1737) 1.804 1.804 TOTAL bUND,S 520,310 523.0631 2.753) A ¢urrenl year 12 LiioiI1115 at)d prior year 12 nionths coinbiiicd positioii is as follow8.. Nel )Dovei￿Cljt in fuiid% At 31.3.23 Al 1.4.21 Unrestricted funds Geiiei?I fund Designated fund 42,658 488,155 122.009} 6,495 20,649 494,650 TOTAL FUNDS 510813 15,514 515,299 Page 13 continued... THE ODELL TRUST NOTES TO THE TrINANCIAL STATEMENTS - eortlinutd FOR THE YEAR EN'DLD 31 MARLII 21123 6. MOVEMfr.NT IN VUIYDS- etsntinued A ¢urrei)i year 12 niontlis ￿ld prior year 12 moi)tl)s combiiied iiet movemeni in funds, iiicluded in Il)e above are as folluws: Inconiing rcsoiirce5 Resources cxpciidcd Gain5 and losscs Movejnenl Unrestricted fund5 General fund 1,159,470 {1,163,5571 (11.4331 (15,514) e5tricted I'vcsoii ChaTilable l TU5t Lotteiy IT Ciraiit 737 (737) I,0()7) 1.804 1,8041 TOTAL FUNDS 1 161,280 (1,165.3611 11.433} 15,5141 17. RF.LATF.D PARTY DTSCI.OSURF.S There were no related party transa¢iions for Ilie year ended 31 Marcli 2023. DEFERRED INCOME Deferred iiicome is the balan¢¢ of the Eveson charitable tr115t grant. and Lottery funding for Il. cquipmenl, whiLh #it both being released as incvjne al the saanc rate as (he assets they weie intended for 15ts/o reducing balallLe. 19. COING CONCF.RN The trustees have prepared th¢ accounts on a guin¥ concern basis. Puge 14 I'HE ODF.LL TRU.8T DETAILED STATEMENT OF FINANCIAL ACTIVII'IES FORI'HE YEAR ENDLD 31 MARCH 2U23 2023 2022 INCOME AND ENDOWMENTS Donatlons and ItEa¢les Donations 28,735 12,170 Olher ti'adin£ activiti¢s Odcll gcneratcd in¢oihe 493 625 Investment Incorne Deposit acLoiiiJi Jiilerest Curr asset iiJv in¢oine 109 381 1.238 109 1.619 Charlt&ble #etlvltles AM¥ndan¢¢ incolne Grants 539,950 404,122 101774 611633 505 896 Total it)coming re5nurees 640,970 520.310 EXPENDITURE Charitabl¢ activitie5 Wages SocL81 secuTity P¢n.8ions Food and consurnables Trips, outings, aLlivilie5 MiJiibu5 ruiiiiii)g costs 359,313 25.S59 7.390 25,979 53,837 322,602 18,725 5,964 21.454 31,378 6.906 477,983 407.029 Other Hire of plaiii and Jnachiliery 3,952 3,350 Support C05t5 M#n#g¢ment Reiil, rates ai)d water Tn%uraiice Light and heat Telephone Adverlis1118 General atid office cxpcns¢s RcpaiTS ¢iiid rencwals HR. DBS and recI￿ltine￿I costs Fixtures aiid fiiiings Carried forward 18,757 3,961 1,405 6,152 14,361 15.247 52,883 23,566 10,021 156,153 17.683 3.538 5,021 5,284 8,564 23,117 23,997 10,421 9.737 107,368 ThTq page docs not fonn part of ihe slaliiloly fLiiaLicial 51atcmeiil. Page IS THE ODELL TRUST DF.TAILLI) s'fATEMENT OF FINANCIAL ACTIVITIES FOR THF. YTr,AII Tr.NDf4,D 11 MAIICH 2U23 2023 2022 M4n#gemenl Brouglit foiTrvai'd Molor vchicl¢s 156,353 1.510 107,-368 1,888 157.863 109,256 Finance Invesiinejils seJ'vi¢¢ ¢harges Bank cliai'g¢$ 825 750 98 958 848 Governance eosts Accountan¢y and legal fces 1,542 2,580 Tliial iesvuTCCS exp¢nded 642 298 Net eypendlture before ¥gin5 losse5 11,328) 12,753) Re#li.%ed recognised gains and 1055e5 R¢ali%cd gain81(1(>$8¢%1011 fixcd 7￿.8$et iMve51inents 114331 Net expenditure 12,761) 2.753) Tliis page does not fonn parl of Ilie st&tiilory financial 8talcinenl Page 16 RECJS'fF.Rf.D COMPANY NUMBER.. 10371450 (England and Wgle$} REGISTF.RF.D CHARITY NUIMBER.. 1170810 REPORT OF THE TRUSTEES AND UNAUDITLD blNANCIAL STATFMENTS FOR I'IIE YEAR ENDf.D 31 MARCH 2023 FOR I'IIE ODELL TRUSI. CUT]'LR & CO LTD CHARI"E:.RI,:D AC.COUNTANTS 3 Lytilctoi) Court Birmiiighani Street Hdlesowen Wesl Midlands B63 3HN THE ODELL TRUST CON'I'EIN'I'S 01,. THb FINANCIAL STATbMLNT UII TIIE YEAII Li IYDLD 31 .MAIIC&I 2023 P4ge Report of the Trustees Indepeiident ExRrnlner's Report St#t¢m¥nt of Financial Atlli'ities B#l#nee Sheet Note5 to the Fin8n¢ial StatenieDt$ 8 10 14 Detailed Slatempot of JlinyNcial Activitie5 15 10 16 THE ODELL TRUST REPORT OF THE TRUS'fLE FOR'fHL YEAR ENDLD 31 MARCH 2023 Tlie ttljslees who are also diiECtors of ihe ¢harily for Ilie purposes of Ilie Compai)ies Act 2006, PTcsent their report with the fit)ancial slaiei)ieiils of Ilie cl)arily foi the year ended 31 Imai'ch 2023. 1'h¢ tru%tccs have adopted Ihc provisions of ALLouniing and Reporting by Lhariiies.. Statciiicnt of Rccommcndcd Pi"aLli¢e applicable lo cliarities preparing Iheir accoutst% accordancc with thc Financial Reporting Siaiidard applicablc in the UK and Republic of Ir¢land IF'RS 102) leffcctive l January 20191. OBJECTIVES AND ACTIVITJES objectiv￿ aiid aims Tlie obj¢cliv¢ for wliich tliis cli&rity is established i.% to prnvidc a R¢crcational Day C¢iitre lo suppori individuals who live iji WoTce%ter%hire or thc 8iirroundiiig ar¢a in r¢creation oi. oiher l¢isiire lime occiipalioii. Tl)is provisioii sels oiit to improve Ilic ¢ondilitsii% of lif¢ for Ihase who have iieed of such faciliiies Iliix)ugli dtsabiliiyb age,- yoiiili, infirimity, financi&l hardship or so¢ial ¢ir¢un)staiices. The objectives. ai1115 ai)d aclivilies are Irview¢d ¢a¢li year. Tlic rcvi¢w looks at whai has been acliieved and ilie outconi¢ in the pirvious twelve month%. I"hc irvicw looks at thc success of each key acliviiy and benefits they hav¢ brought those people the Charity wa5 %et up to help. Th¢ ieview also helps lo eiisure Ihal the objectives, airns and acliviti¢s reniain fo¢us¢d on tlic charity's slated puipose. Tlie li'iisiees lidve refenrd to tli¢ guidancc conlain¢d in thc Charity Q)mniission's general guidaD¢¢ ot] public beii¢fil when i'eviewing i1iL objeclivc5 and aiins, and in planning Tlie Odell Tnjsl coiitiiiue5 to meet its aim% and objeciiires by providing fa¢ilities such as equipinent, buildings artd access lo vaTi¢)us ¢on)nJiinily vcnues ai which il pi-uvides social, J'Lcreational Jnd leisiiiE resoiirt¢$ for pcoplc with disabilitie5 at)d other disadvantages. Tv do so li eiiiploys a team ofslaff aiid maiiages voluiileer%. Signifi¢an¢ &¢tivities To acliieve its vbjeclives the cliaTity provides soci81 and recreational acliviiies at a day cenire called the Odell CenttE aiid outside in tl)¢ wider community. Volunteers The charily is grateful for the un¥tinling effoits of its voluntecrs, who ar¢ involvcd in sthvi¢c provision gnd fund raisÈn¥. ACHIEvTr.￿lEN]' AND PERFORMANCL Churhtable activitLC5 I'his J'cporiing pei'iod was lh¢ first liinc in Iwo yeai's ihat we hdve had no disruplion lo our day scrvic¢ caused by th¢ pandcinic. due tn tlic irsiriciioiis iii)P05ed by Ilie Govcniiiieiit. Tliis allowcd u5 to conccntrat¢ fully on furtlier d¢velopiiig our day service op¢ratioii, to appeal to 2 Wtdcr a8¢ raiigc of iiidividiials aifcnding tlic Od¢ll Cenlre, wilh particulaT Tefer¢nLe lo atlracliiig mtsre youJi8eT peopl¢. As a ¢onlrdCted extemal pi'ovider of day services fur Woi'ceslersliiie CouiJly C.ouiicil (WCC). Ive have continued to embcd Ihc principle5 of WCC'S Posilive Days Day Servi¥e speLificatioA, incorporating ¢VCL' more activity deliv¢ry offsitc within the loeal coim)iLinity. Our dmy seivice opeialioji lias conliniied lo fociis around oiir 5 corc projects. S. Grcen Shoot5- Horticiilturc 2. Earil) Craft- bushcraft & green woodwoiking l. Th¢ Odell Players- perfonning ai'ls 4. Art Club- ails & Ll'afts 5. Splini¢rs- woodwork iii a work%hop typ¢ ¢nvironinent Our core service i.s supplcni¢i)ted willi a robust meiiu of gei)cral a¢iivities iiicluding yoga. kiek-boxing, zuinba, photoglaphy, golf. fsshing, flower arrallgink. pampcring. covking, needlccrafi% and irtany otheis. Page I THE ODELL TRUST RbPORI' I)b TIIF, I'RU%Tf4,ES FOR T14b YEAR ENDEID31 MARCH 2023 FINANCIAL REVIEW This ycar the triLStce5 havc been plcasld to 5¢¢ that ¢)v¢rJll illLome within ih¢ LhaTlty has continucd to grow. I'his has bccn particularly pleasing given the itnpaci of the uii¢¢rtait]ty of CUiTcnt financkal rctUTns on invcsknncnt.s particulai'ly. The instability L)f the investment markei hds I"equii'ed trustees to i'cdesigll thc long-slallding ajrangement of invesim¢nts. It is pleasiii¥ lu iiole tlial Ilie clianges niade liave eiisLlI'ed iliai Ilie ovej'all healiliy po¥ili(Iii ot. Ili¢ r¢serves lias been IndinlainLd. Tljis IIAS ¢nablLd IliL lj'uslees lu feel iunfidLni io a¢lively piirsiie Ili¢ piirclia5e ol lh¢ upper floor of Ihe ¢utrcni building. This will cMbl¢ th¢ Inist lo offcr a wid¢i- rangc of con51iuGlIve activitie5 for the Jnejnbers. ReseTYes Policy The Trustees liave agTL'ee(l a ReseTves Policy bdsed oi) 6.5 mojiihs runJiiii&i Costs plus ali allowance fur reduiidancy Pdy aiid othei. closiii'e liabilities. I,or 2023 this ligiiir has beeli sei ai L494,650. STRIJCTtJRF., GOVF,RNANCE AND mANAGE￿IEN7' Governlng document The Lharily is a cliarildble Lunipaiiy liiniled by gLiaranlee, incoiyoraled on 12111 Septemb¢i 2016 and rc¥islcred as a chaTily on 19ih Dectnib¢i' 2016. 'fhe company was established, is govemed. Iindci. ils Meinorandut)1 211d Arii¢les o( A&%ociation whicli cslablishcs Ihc objecls and powers ofih¢ vharilable con]pany. In tlie event of tlie coinpany being wound up, members are required tts conlribiitc an ainouiil noi ex¢ccding £10. Recrullment and appointment of neiv tru$t¢e$ Where tliere is a requireii)eiit for new Ir115tee5, 11)e5e ivould be ideiililied and appoiiiied by Ilie reii)aining irusiees. REVERKIYCE AND ADMINISTRATIVE DETAILS Regi$ter¢d Company number 10371450 IEiig?laiid aii(I Wdlesl Reglstered Charity number 1170810 Registered o￿l¢e The Odell C¢nlre PlimsolS Street Kiddcrmtnster Worce%ter8hire DYI 16TZ Tru5tee5 r BurgLSS A Masters I rs S A MOTCVC Mis S NiLholl A Rob¢i15 Mr.4 J l) Perry Retired Mrs S Cowcn Rclired A P WaJQle R¢tircd K M Slaler Retired J C S Peels {resigncd 22.11.22) Mr R A Siniili Retired Pag¢ 2 THb ODELL TRUST Rfi PORT OFTHF TRU%TEE8 FOR THE YEAR EIYDED.11 MARCH 2023 REFFRF.NCE AND ADMINISTRATIVE DTrI'AII.S Independent Ex#MineY Katlicrinc Jones CUTTER & CO LTD CHARTERE.D ACCOUNTANTS 3 Lyitleluii Couri Biriiiingliain Slre¢i Halcsowen Wc5t Midlands B63 3HN Approved by ordei. of ihe board of trustees oji 30 Septeimber 2023 aiid sigiid oii its behalf by.. Mrs A Masler5- Tiwslee PabTe 3 INDEPENDFNT F,XAMINF.R'S REPORT TO THE TRUSTEES OF THE ODELL TRUST lThdependenl examiner's report to the tr￿st¢eS of 'l'he Odell l-ru5t I'the Coinpany,) report lo tlie cliarity truslccs oil niy exaininalit>ii of tlie ac¢t>unt% tsf the C.on)pany foL- the year eiided.I l MaTch 2021. ResponsIbllltl￿ And basis of report As Ihe cliariiy's Irusi¢es ofihe Coinpany laiid also ils directors for tlie purposes of coinpajiy law) you are responsible for the pr¢paiation ol'lhe aQfOUlils in aCLoJYlanLc wilh Ilie reqiiii'enienls of Iht Coinpk)nits A¢1 20061.ihe 2006 A¢i'l. l.laving sati%fied my.8clf that the ac¢ount¥ of Ihc C.on)p8ny are not tcquircd to bc auditcd under Part 16 of thc 2006 Act and ilTC cli¥iblc for iiidepciidcnl cxaTninulion. l Tepoi1 iii i-cspccl of my exaininalioii of yoiii. charily's a¢coutil8 as caiTicd oiil under S¢ciion 145 of ihe Ch2riiies Act 2011 I'ihe 2011 A¢l'). In ¢anying out my exainination I have followed Ihe DiieLlionb gFiven by th¢ Cliatity CuJ)IlMissivn unaer S¢¢iion 145(5} (bl of Ihe 2011 ALI. Independent examiner 5 $latemenl Siiicc yoiii. cliai'ily's ¥r05s iiicoinc cxcccdcd £25O,IX)O YOUT exainincr iiiiisl bc a mcinber of a list¢d body, l Can ¢oiifirm that l am qualificd to undcrtake tlie examiiiatioii becausc l am a men)b¢i' of the **ERROR- relevant professional body must be completed** whicli is oiie of tlic I￿Sted bodies. I have coinpleled iny exaininaliotj. I coiifim Ihal no n)allei3 have ¢()ine lo n)y attention li) coiineclioii with ihe eAaniiiialioii giviiig ine cause lo believ¢.. accounting records were llot kept it) respeLI of the Conipany as iEqvir¢d by Section 386 of Ilie 2006 Acl- or the accounts do Jiol accord with ihose reLOJ'ds' or tlje accouiiis do i)ol coii)ply willi Ilie accounlii)g requirejiieiils of Seciion 396 of tlic 2006 Act oilier tlwn any requtreihei)t ih2t Ilie acc()iinl% give a trLlC lliid fair view wl)ich 15 llot a Jiialler coiisidered as part of ali 11)dbpciidcnl cxsn)iiialion' or the accouiits have iiot beeii prepared in ac¢ordaii¢e wsth the mcthod% and priiiciples of the Stateineiit of Reconinieiided PT#clicc for accouiiting and rcporting by cliarities (applicable to charitics pi'cparing tlieir accounts iji accordaiice ws11i the Fijiajicial Reporling Stai)dJrd applicable iii Ilic UK ajid Republic of Ireland IFRS 102)). I have no con¢¢ms and have Come across no other iiiatlers in coniicclion with the ¢xaminalioi) to wliich alteiilion should b¢ drawn in Ihis report in order 10 enable a PToper und￿'StandI￿)g of the accounts to b¢ rca¢li¢d. Katlierine Jones Cu￿ER & CO LTD CHARTERED ACCOUNTANTS 3 Lyiiletoii Cow1 Flalesowcn Wcst Mim charitable activities Attendance income Grai115 539.950 71,683 404,122 101774 611633 505 896 Granls received. iiicluded li) Ihe above. air as follows.. 2023 2022 Eve50n Charilahlc Trust Lottery IT Qii#nt 626 907 737 1,533 PAge 9 Continued... THE ODEI.I, TRUSI. NOTES TO THF. FIYI ANCIAL SI'ATCMbNTS- continued FOR THE YEARE￿'DED.3I MARCH 2021 CHARI'IABLE ACTIVITIES COSTS Support costs (see nolc 7) Diieet Cusls Totals Charilable eX￿ndItUre 477,983 160363 638,346 SUPPORT COSTS Goveitiance costs Maiiagein¢nt Fiiiance Totals Chai'itable cxp¢nditure 157 863 958 1,542 l (10 363 NET INCOIMEI(EXPENDITURE) Nei inconicl(exp¢ndilurc) is staled after ¢lidTgli)￿1Cr¢{ll1in￿l'. 2023 2022 Dcpretiation- owiied assets HiT¢ ofplanl and iiiacliJn¢ry 1,530 3,952 11,626 TRUSTEES, REMUNEILITION AND BENEFITS There wcr¢ no Irustecs, Tcmuncralion or uthci. benefils for the year eijded 31 March 2023 nor lor the ycar ended 3 1 Mar¢h 2022. Trustees, expenses I'hcre w¢r¢ no 31 Mar¢h 2022. trustees, exp¢ns¢5 paid foi. the year ended 31 Mareh2023 nor for Ihc year ended 10. STAFF COSTS 2023 2022 Wago% and.%alaries Social sccurity cosL Other p¢nsioJ] costs 359,313 25,859 322,602 18,725 5.964 392.562 347,291 Tlie averoge monthly number of einployecs diirii)g tlie yeaT was as follows.. 2023 2022 17 Day Cciitre Adminislratioii 20 20 No employtts r¢¢¢iv¢d emoluments in excess uf £60,0(10. Page 10 ¢oiilinued... THE ODELL TRUST NOTbS I'o'fHF, bINANCIAL STATEMENTS- condnued FOR I'HE YbAR ENDED.11 MARCH 2023 ii. COMPARATIVES FOR THE STATFMLNT OTr FIIYANCIAL ACTIVITIES Uiiresiri¢led fuiids Reslricled fijnds Total INCOME AND ENDOWMENTS FROM Donations and Sega¢ies 12.170 12,170 Charitable 2Ctivities In¢uine froin charitable aclivilics 504.092 1,804 505.896 Othci tradiiig activilies IIivc51ineni inconie 625 625 TotaL 518,506 520310 EXPEINDITURK ON Charitable activille$ CharLi*bl¢ cxpcndilure Incomc froin chaiilable a¢tivilies 518,877 11)68) 1.804 520,681 196¥) Other 3.350 Total 521.259 523 063 NET INC()MEI(EXPENDITURE) (2,753} (2,753) RECONCILJATION OF b"UNDS Total funds brou8hi foTward 530,813 530,813 TOTAL FUNDS CARRIED FORWARD 528 060 528.060 12. TANGIBLE FIXED ASSETS Fixtures Moior vehicles fittiiigs Totals COST Al l April 2022 Addilions 91.266 23,374 114,640 At 11 Marcli 2023 In2 895 23,374 126,269 DEPRECIATIOF4 Ai l April 2022 Cliarg7e for yeai. 36,092 15.824 1.510 51,916 11,530 At 31 Marcli 2023 46,112 63,446 ET BOOK VAI.UE At 31 MaT¢h 2a23 56.783 6,040 62,823 At 31 Mat¢h 2022 55.174 7,550 PagTe I I ¢oJilinued.. THE ODELL I'RUSI. NOI'ES TO THE FINANCIAL s-fATF'MI b:NTS- continued FOR THE YEAR EF4DED 31 MARC.H 2023 13. DEBTORS.. AMOUE¥TS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Prepayments 26,821 7.800 14. CURRENT ASSET INVESTMFNTS 2023 2022 Inv¢sli*¢iit accounls 412.088 354347 15. CREDITORS: AMOVNTS FALLING DUE WITHIN ONE YF.AR 2023 2022 Ti?d¢ ¢rcditur Su¢i41 s¢cutity and other Oilier LTe(litui's Accjuals aijd d¢ferJEd inLome A¢cTucd cxpcnses 12,873 7.629 1,847 8,689 13.000 5.105 10,222 32.442 16. MOVLIMENT IN FUNDS Nci Iiiovenient Transfcr5 b¢iwccn fiinds At Ai 1.4.22 Unre5ti'icted fuiids Gencral fund De%ignal¢d fiind 67,538 460 522 (12.7611 134,128) -14,128 20,649 494,650 528.060 12,761) 515299 TOTAL FUNDS 12 Nel movement in fwids, included in the above are as follows= Incoiiiing resoiirc¢s Rcsoiir¢c5 expended Gdins and losscs Mov¢Jn¢ni in funds Unrestri¢ted fund5 G¥neTal fui)d 640.970 {642,298) (11,433) 112,7611 TOTAL FUNDS 640.970 642,298} 12 7611 Page 12 ¢oiilinucd... THE ODELL TRUST N01'bS TO THF, FINANC.IAL 4TA'I'V MENTS- eonlinued FOR I'HE YEAR bNDbD 31 MARCH 202. 16. MOVEMENT IN FUNDS- eontinued Compar*tlv¢s for movement in funds Nei Inoveillent Ai 1.4.21 Vnrestri¢ted funds Cieijeral fuiid DeEignated fvnd 42,658 488,155 24.880 (27.633) 67,535 460,S22 TOTAL FUIYDS 530 813 528 060 L'oinpaTafsv¢ net movenienl in ￿lId8, iiicluded in the above are as follows.. Incon)ing resourccs Resoiirces CKI)cnd¢d Movcm¢Dt in funds Unre5triet¢d funds General fiind 518.506 (521,259) {2,753} Roslri¢t¢d funds Evesoii Charitable Trust Lotlery IT Gi)nl 737 1737) 1.804 1.804 TOTAL bUND,S 520,310 523.0631 2.753) A ¢urrenl year 12 LiioiI1115 at)d prior year 12 nionths coinbiiicd positioii is as follow8.. Nel )Dovei￿Cljt in fuiid% At 31.3.23 Al 1.4.21 Unrestricted funds Geiiei?I fund Designated fund 42,658 488,155 122.009} 6,495 20,649 494,650 TOTAL FUNDS 510813 15,514 515,299 Page 13 continued... THE ODELL TRUST NOTES TO THE TrINANCIAL STATEMENTS - eortlinutd FOR THE YEAR EN'DLD 31 MARLII 21123 6. MOVEMfr.NT IN VUIYDS- etsntinued A ¢urrei)i year 12 niontlis ￿ld prior year 12 moi)tl)s combiiied iiet movemeni in funds, iiicluded in Il)e above are as folluws: Inconiing rcsoiirce5 Resources cxpciidcd Gain5 and losscs Movejnenl Unrestricted fund5 General fund 1,159,470 {1,163,5571 (11.4331 (15,514) e5tricted I'vcsoii ChaTilable l TU5t Lotteiy IT Ciraiit 737 (737) I,0()7) 1.804 1,8041 TOTAL FUNDS 1 161,280 (1,165.3611 11.433} 15,5141 17. RF.LATF.D PARTY DTSCI.OSURF.S There were no related party transa¢iions for Ilie year ended 31 Marcli 2023. DEFERRED INCOME Deferred iiicome is the balan¢¢ of the Eveson charitable tr115t grant. and Lottery funding for Il. cquipmenl, whiLh #it both being released as incvjne al the saanc rate as (he assets they weie intended for 15ts/o reducing balallLe. 19. COING CONCF.RN The trustees have prepared th¢ accounts on a guin¥ concern basis. Puge 14 I'HE ODF.LL TRU.8T DETAILED STATEMENT OF FINANCIAL ACTIVII'IES FORI'HE YEAR ENDLD 31 MARCH 2U23 2023 2022 INCOME AND ENDOWMENTS Donatlons and ItEa¢les Donations 28,735 12,170 Olher ti'adin£ activiti¢s Odcll gcneratcd in¢oihe 493 625 Investment Incorne Deposit acLoiiiJi Jiilerest Curr asset iiJv in¢oine 109 381 1.238 109 1.619 Charlt&ble #etlvltles AM¥ndan¢¢ incolne Grants 539,950 404,122 101774 611633 505 896 Total it)coming re5nurees 640,970 520.310 EXPENDITURE Charitabl¢ activitie5 Wages SocL81 secuTity P¢n.8ions Food and consurnables Trips, outings, aLlivilie5 MiJiibu5 ruiiiiii)g costs 359,313 25.S59 7.390 25,979 53,837 322,602 18,725 5,964 21.454 31,378 6.906 477,983 407.029 Other Hire of plaiii and Jnachiliery 3,952 3,350 Support C05t5 M#n#g¢ment Reiil, rates ai)d water Tn%uraiice Light and heat Telephone Adverlis1118 General atid office cxpcns¢s RcpaiTS ¢iiid rencwals HR. DBS and recI￿ltine￿I costs Fixtures aiid fiiiings Carried forward 18,757 3,961 1,405 6,152 14,361 15.247 52,883 23,566 10,021 156,153 17.683 3.538 5,021 5,284 8,564 23,117 23,997 10,421 9.737 107,368 ThTq page docs not fonn part of ihe slaliiloly fLiiaLicial 51atcmeiil. Page IS THE ODELL TRUST DF.TAILLI) s'fATEMENT OF FINANCIAL ACTIVITIES FOR THF. YTr,AII Tr.NDf4,D 11 MAIICH 2U23 2023 2022 M4n#gemenl Brouglit foiTrvai'd Molor vchicl¢s 156,353 1.510 107,-368 1,888 157.863 109,256 Finance Invesiinejils seJ'vi¢¢ ¢harges Bank cliai'g¢$ 825 750 98 958 848 Governance eosts Accountan¢y and legal fces 1,542 2,580 Tliial iesvuTCCS exp¢nded 642 298 Net eypendlture before ¥gin5 losse5 11,328) 12,753) Re#li.%ed recognised gains and 1055e5 R¢ali%cd gain81(1(>$8¢%1011 fixcd 7￿.8$et iMve51inents 114331 Net expenditure 12,761) 2.753) Tliis page does not fonn parl of Ilie st&tiilory financial 8talcinenl Page 16