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2021-03-31-accounts

BRISTOL AFTER STROKE

REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

Charity Number: 1182124 Company Number: 11814993

BRISTOL AFTER STROKE

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

Contents

Reference and Administrative Information 1
Report of the Trustees/Directors 2 - 9
Independent Examiner’s Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 - 24

BRISTOL AFTER STROKE REFERENCE & ADMINISTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2021

Registered charity number: 1182124
Registered company number: 11814993
Operating name: Bristol After Stroke
Principal address: The Gatehouse Centre
Hareclive Road
Bristol
BS13 9JN
Trustees/Directors: M Hill – Chairman
D Exell – Treasurer
P Scott
S Hemmings resigned 17 November 2020
C Wallace
S Sibley
J Tyrrell
S Hill
S Buddha appointed 25 March 2021
J Grafton
Independent examiner: Joshua Kingston BSc ACA
Burton Sweet Limited
The Clock Tower
Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

1

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Bristol After Stroke is a Charitable company set up on 8[th] February 2019 with Articles of Association. It was set up as a result of Bristol Area Stroke Foundation wishing to incorporate and these accounts show the merging of both charities.

Bristol Area Stroke Foundation was set up by a deed of trust dated 14 July 1983 and was an unincorporated charity. In January 2018 the Charity changed its operating name from Bristol Area Stroke Foundation to Bristol After Stroke.

The Charity began the process of incorporation in 2019 and set up a Charitable Company. This is a company limited by guarantee. The Charity officially transferred assets to the new Charitable company on May 31st, 2020. The details are set out below and the charities will be officially merged on the register of mergers at the Charity Commission.

Bristol After Stroke, The Gatehouse Centre, Hareclive Rd, Bristol BS5 6AG, Company number – 11814993, Charity number – 1182124

Recruitment and appointment of new trustees

The appointment of new Trustees is by the existing Trustees. Bristol After Stroke has a recruitment process for new Trustees. Prospective new trustees are given a role description of a trustee and the specific role for example Chair or Treasurer. The candidate is then invited to fill in an application form and invited to an interview to assess suitability against the criteria for the role. Once appointed they then go through an induction into the organisation and the responsibilities of the role.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Bristol After Stroke undertakes a risk management process whereby a risk register is drawn up and is reviewed by the trustees.

The risk register is split into sections such as Governance risks, Operational risks, Financial and Regulatory risks and compliance. The principal risks we are mitigating against are issues such as;

  1. Impact of Covid on service delivery and finances – BAS has proven resilient against the impact of Covid so far, having adapted services to the new environment and has maintained Local Authority and CCG funding however COVID has affected our ability to raise other funds.

  2. Loss of or over reliance on key funding streams – BAS has an organisational strategy that has an objective to diversify funding streams and increase reliability of funding. BAS has secured a new contract from the CCG which will come into effect in April 2022.

2

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

Bristol After Stroke on 31st March 2021 had an investment portfolio of £361,536 invested primarily in marketable securities. In addition, liquid cash balances of £68,283 were maintained. Investment assets are set against a restricted liability of £200,000 which, while not formally constituted as an endowment, is not intended to be spent. This is in line with an agreement with the original donors. The portfolio is run by an external asset manager – Smith & Williamson against a multi asset class benchmark which is reviewed annually.

The aim is to generate income for charity resources while maintaining the real value of the portfolio over time. The unrestricted fund is available to fund charitable activities in the event of a liquid asset shortfall. In addition, large unrestricted inflows are added to this fund to be drawn down when funds are needed – expected over a four-year cycle.

Reserves Policy

The charity’s policy is to maintain the level of free reserves (cash or near substitutes) at an amount above one third of projected annual unrestricted expenditure. This is to ensure the charity has sufficient funds to continue operating in the event of a short-term income shortfall. In addition, the non – restricted part of our investment portfolio can be liquidated if necessary.

At the year end, free reserves were £52,288 which does not reach the minimum requirement of £70,000. The trustees are confident that the income can be secured to cover this shortfall.

OBJECTIVES AND ACTIVITIES

Bristol After Stroke’s mission is “supporting people to adjust to life after stroke”. We do this by:

Our Vision is that:

3

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021

Our values are:

Achievement and performance:

Bristol After Stroke’s mission is to help people adapt to life after stroke. A stroke occurs suddenly and without warning and turns people’s lives upside down. After initial support from acute services in hospital people often describe returning home as feeling abandoned and looking at a very different life to the one they imagined. Bristol After Stroke over its 38 years have designed many services in response to our mission.

Our services include;

These services form a pathway for people that support the emotional, social, practical and ongoing rehabilitative needs of people affected by stroke. These in combination aim to support improved quality of life and improved health and wellbeing.

We continue to grow and during this period and had some significant successes. From April 2020 to March 2021:

4

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021

BAS as mentioned responded to the NHS Clinical Commissioning Group request for it to provide extra support at a time when the stroke teams were needing to discharge patients early and adapt how they offered support and therapy.

The work to adapt to our services and continue to provide essential support to Stroke affected people during this time was a phenomenal achievement, as we did this against a background of staff working from home, home schooling, personal difficulties and being affected by the covid 19 virus. BAS is very proud and appreciative of the commitment shown by staff, volunteers and trustees to adapt to the rapidly changing environment.

Below is a taste of some of the Stroke Coordinator work stroke during this time.

5

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021

Below is some feedback about our Action After Stroke course that we delivered online.

BAS strategy

Despite the activity of adapting services, BAS has kept focus on its strategy. BAS:

This new partnership with the Stroke Association and the future delivery of a stroke key worker service represents a significant achievement. It has long been an ambition of BAS, to ensure that all stroke affected people get access to support and a six-month review and we will be proud to be a central part of its delivery.

6

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021

Service user involvement

Bristol After Stroke has an active Service User Advisory Group that meets three times a year and feeds back on our service development. This has continued during lockdown over zoom. The Chair of the group continued to attend the Trustee board meetings as the service user representative. Service users are also on the Healthier Together Stroke Reconfiguration Board which is developing Stroke Care Pathways in our region. We also held 2 volunteer days online, supporting the development of new volunteering roles, and keeping volunteers at the heart of what we do.

Partnerships and Funding

Bristol After Stroke has also been successful developing partnerships and raising funds. We are extremely grateful to all our donors large and small who enable us to reach the people we do and support our mission. We continue to have a good partnership with BNSSG Clinical Commissioning Group and South Gloucestershire Council whose funding enables us to continue to innovate and provide essential services to people in Bristol and South Gloucestershire.

We are also pleased to be continuing relationships with many Trusts in the area who support us. We were grateful to the COVID response funds and were pleased to be beneficiaries from The Anchor, The Dolphin and the Grateful society who responded quickly to us for a request for funding for a telephone counsellor when we were unable to offer face to face support. We then received COVID relief funding from the Community Fund to continue this for six months. The Burden Trust supported our online Next Steps programme. Tesco/Groundwork funding supported the Aphasia online work and the purchase of 3 tablets for people to use. St Monica Trust also funded our monthly newsletter which went out to 170 people.

We have also received support from corporate organisations such as Tesco/Groundwork, Co-op, Waitrose and Howdens.

Considering COVID restrictions we also had some wonderful support from donors and societies. We had donations from the Grateful Society, Rotary club, Quizzing for Causes, Masons Kendleshire Lodge and the Masonic Benevolent Institution. One of our supporters Andy Black wrote a children’s book, self-published it and gave BAS the proceeds which raised £1,000. Dr Praveen Kumar who couldn’t run his normal Badminton tournament ran 100k for us instead raising £3,000. BAS also ran successful fundraising campaigns one of which was the 2.6 Challenge, another was our Festive 25 Challenge and the other was the creation of an online choir and the recording of At This Table, a song written by Indina Menzel.

7

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021

These fundraising efforts not only raise funding, but they also raise awareness and as a result of these efforts we have been on local radio regularly throughout the year. Without all these funders, our BAS friends and our many regular individual donors and those that choose to leave us legacies, the Charity could not offer the much-needed support to so many people.

Statement from our Chairman – Michael Hill

My second year as Chairman had seen the nation face some of the greatest challenges for decades. Food and petrol shortages, travel restrictions, continued attention to face coverings and gatherings, so many aspects of our life are so alien that trying to keep life ‘ordinary’ has been near impossible.

However, the Charity, has survived and thrived. Our services moved again, from purely online to becoming a hybrid model accessible as conditions allowed. Our clients began to need us more strongly as the year continued. Waiting lists began to emerge as pent-up demand caused a surge of need. New referrals began to exceed previous years and our staff came under increasing pressure to help.

Despite that, the staffing has remained stable. The team is growing to match increased need and new appointments have been made with a view to improving the services that we provide. We have finetuned our offering focused more tightly to the Stroke Pathway and are well set for the future. We have increased our partnership work and the projects for the future look exciting. We have moved to larger offices to ready us for modest growth. Financially, we continue to need to raise considerable funds to operate but are nevertheless in a strong position thanks to prudent investments in the past and the support of countless supporters and volunteers. But our greatest asset is the staff team, whom I am very proud of indeed. Despite the challenges, they are cheerful, positive and determined. They reach out into the community every day to help scared, vulnerable stroke survivors and help them improve their lives. They are wonderful.

I look forward to what promises to be a highly eventful and exciting year ahead confident that we are making progress supporting the people of Bristol and South Gloucestershire.

8

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021

Statement of Trustees’ Responsibilities

The trustees (who are also directors of Bristol After Stroke for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the Board of Trustees on 28 January 2022 and signed on its behalf by:

…………………………………………

D Exell – Trustee/Director

9

BRISTOL AFTER STROKE INDEPENDENT EXAMINER’S REPORT YEAR ENDED 31 MARCH 2021

Independent Examiner’s report to the trustees of Bristol After Stroke (‘the Company’)

I report to the trustees on my examination of the accounts of Bristol After Stroke (the Charity) for the period ended 31 March 2021.

.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

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

Independent examiner’s statement

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston, BSc ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: 28 January 2022

10

BRISTOL AFTER STROKE

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Charitable expenditure
Net gains/(losses) on investments
14
Net income/(expenditure)
Transfers between funds
17
Net movement in funds
Total funds at start of period
17
Total funds at end of period
17		 Unrestricted
Funds
£
41,580
105,230
1,081
9,163		 Restricted
Funds
£
20,171
-
-
-		 Total Funds
2021
£
61,751
105,230
1,081
9,163		 Total Funds
2020
£
140,830
97,802
4,160
11,791
157,054 20,171 177,225 254,583
24,653
185,896		 -
22,204		 24,653
208,100		 17,615
224,356
210,549 22,204 232,753 241,971
62,343 - 62,343 (33,493)
8,848
(20)		 (2,033)
20		 6,815
-		 (20,881)
-
8,828
206,467		 (2,013)
215,600		 6,815
422,067		 (20,881)
442,948
215,295 213,587 428,882 422,067

The Charity has no recognised gains or losses other than the results for the period as set out above.

All activities of the charity are classed as continuing.

The notes on pages 13 to 24 form part of these financial statements See note 12 for fund-accounting comparative figures

11

BRISTOL AFTER STROKE

BALANCE SHEET

AS AT 31 MARCH 2021
AS AT 31 MARCH 2021 Company Number 11814993
Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Liabilities
Creditors : amounts falling
due within one year
16
Net current assets
Net assets
FUNDS
Unrestricted funds
18
Restricted funds
18
Total funds		 2021
£
1,471
361,536
363,007
2,285
68,283
70,568
(4,693)
65,875
428,882
215,295
213,587
428,882		 2020
£
1,924
301,664
303,588
13,971
109,528
123,499
(5,020)
118,479
422,067
206,467
215,600
422,067

For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act applicable to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

These financial statements were approved by the Trustees on 28 January 2022 and are signed on their behalf by:

D Exell Trustee/Director

The notes on pages 13 to 24 form part of these financial statements

12

BRISTOL AFTER STROKE NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

1 Accounting policies

Accounting convention

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019.

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitilement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligations committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Prior to transfer of assets to the new incorporated Charity, fixed assets were held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each assets over its estimated useful life.

Fixtures and fittings - 15% on reducing balance basis Computer equipment - 33.33% on reducing balance basis

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.

Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

13

BRISTOL AFTER STROKE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

1 Accounting policies (continued)

Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2 Income from: Donations and legacies

Donations
Refunded tax
Grants received		 Unrestricted
Funds
£
30,848
2,297
8,435		 Restricted
Funds
£
500
-
19,671		 Total Funds
2021
£
31,348
2,297
28,106
41,580 20,171 61,751

Prior period comparatives

Donations
Refunded tax
Grants received		 Unrestricted
Funds
£
95,212
14,282
14,447		 Restricted
Funds
£
-
-
16,889		 Total Funds
2020
£
95,212
14,282
31,336
123,941 16,889 140,830

14

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

3 Income from: Charitable activities

Bristol Clinical Commissioning Group
South Gloucestershire Council
Prior period comparatives
Bristol Clinical Commissioning Group
South Gloucestershire Council		 Unrestricted
Funds
£
29,019
76,211		 Restricted
Funds
£
-
-		 Total Funds
2021
£
29,019
76,211
105,230 - 105,230
Unrestricted
Funds
£
20,741
76,211		 Restricted
Funds
£
850
-		 Total Funds
2020
£
21,591
76,211
96,952 850 97,802
Subscriptions from Support Groups Unrestricted
Funds
£
1,081		 Restricted
Funds
£
-		 Total Funds
2021
£
1,081		 Total Funds
2020
£
4,160
1,081 - 1,081 4,160

All income from other trading activities in the prior period were unrestricted.

5 Income from: Investments

Interest received Unrestricted
Funds
£
9,163		 Restricted
Funds
£
-		 Total Funds
2021
£
9,163		 Total Funds
2020
£
11,791
9,163 - 9,163 11,791

All income from investments in the prior period were unrestricted.

15

NOTES TO THE FINANCIAL STATEMENTS

BRISTOL AFTER STROKE

YEAR ENDED 31 MARCH 2021

6 Expenditure on: Raising funds

Wages and salaries
Promotion
Investment management fees
Prior period comparatives
Wages and salaries
Investment management fees
Expenditure on: Charitable activities
Support and social groups
Counselling
General information, advice and support		 Unrestricted
Funds
£
16,124
7,171
1,358		 Restricted
Funds
£
-
-
-		 Total Funds
2021
£
16,124
7,171
1,358
24,653 - 24,653
Unrestricted
Funds
£
16,124
1,491		 Restricted
Funds
£
-
-		 Total Funds
2020
£
16,124
1,491
17,615 - 17,615
Direct
Costs
£
70,655
19,428
63,136		 Support
Costs
(Note 8)
£
25,245
7,135
22,501		 Total Funds
2021
£
95,900
26,563
85,637
153,219 54,881 208,100

7 Expenditure on: Charitable activities

Prior period comparatives

Support and social groups
Counselling
General information, advice and support		 Direct
Costs
£
80,761
19,372
65,359		 Support
Costs
(Note 8)
£
28,843
7,064
22,957		 Total Funds
2020
£
109,604
26,436
88,316
165,492 58,864 224,356

16

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

BRISTOL AFTER STROKE

8 Support costs

Support costs are allocated between activities on the basis of usage for all costs except salaries, expenses and allowances which are apportioned on the basis of staff time.

Support costs, included in note 7, are as follows:

and
Charitable
publicity
Activities
£
£
Salaries, expenses and allowances
12,973
Other staff and volunteer costs
-
11,114
Office expenses
-
24,526
Promotional material
-
-
Refreshments
-
189
Room hire
-
208
Therapy & Transport
-
150
Legal and professional fees
-
1,202
Depreciation
-
454
Governance costs
(Note 9)
-
4,065
-
54,881		 Total Funds
2021
£
12,973
11,114
24,526
-
189
208
150
1,202
454
4,065		 Total Funds
2020
£
8,777
15,834
21,933
1,732
1,212
1,025
1,131
1,805
698
4,717
54,881 58,864

9 Governance costs

Independent examiner's fees
- for independent examination
- for other services
Legal advice		 Unrestricted
Funds
£
2,940
1,125
-		 Restricted
Funds
£
-
-
-		 Total Funds
2021
£
2,940
1,125
-		 Total Funds
2020
£
2,220
2,113
384
4,065 - 4,065 4,717

All Governance costs in the prior period were unrestricted.

17

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

10 Net income/(expenditure)

This is stated after charging:

This is stated after charging:
2021 2020
£ £
Independent examiner's remuneration
- for audit services 2,940 2,220
- for other services 1,125 2,113
Depreciation 453 974
Trustee expenses - 196

Aggregate donations from Trustees, key management personnel, and other related parties were £872 (2020: £2146).

No Trustee has been reimbursed for their out of pocket travel expenses (2020: One totalling £142). No Trustee received any remuneration during the year (2020: Nil).

11 Staff costs and numbers

The aggregate payroll costs were:

The aggregate payroll costs were:
Wages & salaries
Social security costs
Pension contributions		 2021
£
163,972
9,643
2,734		 2020
£
159,667
9,850
2,636
176,349 172,153

No employee received emoluments of more than £60,000.

The average number of employees during the period was 13.3 (2020: 13.3), calculated on the basis of average headcount.

The total employment benefits received by key management personnel were £28,561 (2020: £27,999).

18

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

12 Statement of Financial Activities comparative figures

For the year ended 31 March 2020
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure) for the year
Net gains/(losses) on investments
Net movement in funds
Total funds at start of year
Total funds at end of year		 Unrestricted
Funds
£
123,941
96,952
4,160
11,791		 Restricted
Funds
£
16,889
850
-
-		 Total Funds
2020
£
140,830
97,802
4,160
11,791
236,844 17,739 254,583
17,615
216,741		 -
7,615		 17,615
224,356
234,356 7,615 241,971
2,488
(33,493)		 10,124
-		 12,612
(33,493)
(31,005)
237,472		 10,124
205,476		 (20,881)
442,948
206,467 215,600 422,067

19

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

13 Tangible fixed assets
Cost
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the period
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
14 Investments
At market value
Smith & Williamson Investment Portfolio
Fixed interest
UK Specialist Credit
Overseas Index Linked
Alternative Investments
Multi-Asset
Global
UK Equities
Overseas Equities
Movements
0
Market value at 1 April
Additions
Disposals
Net gain/(loss) for the year
Market value at 31 March
Net value of investments as at 31 March		 Fixtures and
fittings
£
7,310
-		 Computer
equipment
£
18,420
-		 Total
£
25,730
-
7,310 18,420 25,730
6,587
102		 17,219
351		 23,806
453
6,689 17,570 24,259
621 850 1,471
723 1,201 1,924
2021
£
13,297
78,017
10,349
56,489
31,006
9,698
56,123
106,557		 2020
£
46,164
12,841
10,688
17,883
9,143
5,329
81,849
117,767
361,536 301,664
2021
£
301,664
61,716
(64,187)
62,343		 2020
£
343,658
63,332
(71,833)
(33,493)
361,536 301,664
361,536 301,664

20

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

15 Debtors

Due in less than one year:
Accrued income
Tax reclaimable under gift aid		 2021
£
1,285
1,000		 2020
£
1,471
12,500
2,285 13,971

16 Creditors: amounts falling due within one year

Accruals and other creditors 2021
£
4,693		 2020
£
5,020
4,693 5,020

17 Movement in funds

For the period ended 31 March 2021
At 1 Apr
2020
£
Restricted funds
Restricted Capital Funds
200,000
Bristol Older People Funding
Alliance
7,575
Gloucester Community
Foundation
1,219
Groundwork Tesco - Aphasia
Group
537
James Tudor Bristol Next
110
Burden trust - Next steps
6,097
Magic Little grants
-
Wellbeing Day
62
St Monica's Trust
-
Community fund Counselling
-
Three Societies Counselling
-
215,600
Unrestricted funds
General funds
206,467
Total funds
422,067		 For the period ended 31 March 2021
At 1 Apr
2020
£
Restricted funds
Restricted Capital Funds
200,000
Bristol Older People Funding
Alliance
7,575
Gloucester Community
Foundation
1,219
Groundwork Tesco - Aphasia
Group
537
James Tudor Bristol Next
110
Burden trust - Next steps
6,097
Magic Little grants
-
Wellbeing Day
62
St Monica's Trust
-
Community fund Counselling
-
Three Societies Counselling
-
215,600
Unrestricted funds
General funds
206,467
Total funds
422,067		 Income &
Gains
£
-
203
-
773
-
5,737
500
-
1,000
8,435
3,523		 Expenditure
& Losses
£
-
(7,797)
-
(1,311)
-
(1,074)
(490)
-
(653)
(8,435)
(2,444)		 Transfers
£
-
19
-
1
-
-
-
-
-
-
-		 At 31 Mar
2021
£
200,000
-
1,219
-
110
10,760
10
62
347
-
1,079
215,600 20,171 (22,204) 20 213,587
206,467 219,397 (210,549) (20) 215,295
422,067 239,568 (232,753) - 428,882

21

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

BRISTOL AFTER STROKE

17 Movement in funds (continued)

For the year ended 31 March 2020

Restricted funds
Restricted Capital Funds
Bristol Older People Funding
Alliance
Gloucester Community
Foundation
Groundwork Tesco - Aphasia
Group
Groundwork Tesco -
Conversation Group
James Tudor Bristol Next
Burden trust - Next steps
bristol
Wellbeing Day
Unrestricted funds
General funds
Total funds		 At 1 Apr
2019
£
200,000
5,476
-
-
-
-
-
-		 Income &
Gains
£
-
2,099
1,219
537
2,933
4,788
6,097
66		 Expenditure
& Losses
£
-
-
-
-
(2,933)
(4,678)
-
(4)		 Transfers
£
-
-
-
-
-
-
-
-		 At 31 Mar
2020
£
200,000
7,575
1,219
537
-
110
6,097
62
205,476 17,739 (7,615) - 215,600
237,472 236,844 (267,849) - 206,467
442,948 254,583 (275,464) - 422,067

Restricted funds

Capital Fund

The restricted Capital Fund of £200,000 was started in 1984 when the Trustees of Dawn James Charitable Foundation agreed to match pound for pound monies raised and set aside by the Bristol Area Stroke Foundation up to a maximum of £100,000. This was achieved in 1992.

Legal advice concludes that £200,000 should be treated as restricted capital which the charity is not allowed to spend. The capital produces income which the charity is allowed to expend on an unrestricted basis. As can be seen from the Statement of Financial Activities the Bristol Area Stroke Foundation received £9,163 (2020: £11,791) in investment income durng the period from investments.

Bristol Older People's Funding Alliance is a volunteering development project.

Gloucestershire Community Foundation funds were to support a volunteer led Gardening Group.

Groundwork Tesco fund was to support our conversation group and aphasia café.

22

BRISTOL AFTER STROKE NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

17 Movement in funds (continued)

James Tudor Bristol Next Steps fund was to provide a goal lead group physiotherapy course for Bristol residents to support with mobility, strength and balance.

Burden Trust - Next Steps Bristol - Funds received to run the Next Steps project, a group physiotherapy project for Bristol residents.

Magic Little grants - funds were received to purchase a video and stand to support marketing and group activities.

Wellbeing day funds were received to cover expenses of the Charity's wellbeing day.

St Monica's Trust - funds were received to support the costs involved in preparing and circulating the charity's monthly newsletter for service users who couldn’t attend groups during COVID-related restrictions.

Community fund Counselling - funding received to support the continuation of telephone counselling and the delivery of an online version of the Action After Stroke Course.

Three Societies Counselling -funding received to support the recruitment of a professional telephone counsellor to deliver telephone counselling while face to face options were not available.

Unrestricted funds

Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.

18 Analysis of net assets between funds

At 31 March 2021
Tangible fixed assets
Investments
Net current assets
At 31 March 2020
Tangible fixed assets
Investments
Net current assets		 Unrestricted
Funds
£
1,471
161,536
52,288		 Restricted
Funds
£
-
200,000
13,587		 Total
Funds
£
1,471
361,536
65,875
215,295 213,587 428,882
Unrestricted
Funds
£
1,924
101,664
102,879		 Restricted
Funds
£
-
200,000
15,600		 Total
Funds
£
1,924
301,664
118,479
206,467 215,600 422,067

23

BRISTOL AFTER STROKE NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

19 Donation of assets and liabilities

On 31 May 2020 the Trustees moved the trade and assets of the Bristol Area Stroke Foundation registered with the Charity Commission (registration number 287554) to Bristol After Stroke. Bristol After Stroke has the same objectives and the same trustee body as Bristol Area Stroke Foundation and operations continue unchanged as a result of this restructure. Please see the accounting policies and the Trustee's Report for more information.

The carrying values of the assets and funds transferred were:

£

£
Net Assets:
Fixed Assets
Investments
Debtors
Cash at bank and in hand
Creditors (<1 year)		 1,839
322,027
15,471
110,985
(12,568)
437,754
Funds:
Unrestricted funds
Restricted funds		 20
216,589
216,609

20 Analysis of principal SoFA components for the current accounting period

Total income
Total expenditure
Net income/(expenditure)
Other gains/(losses)
Net movement in funds
Total funds brought forward
Total funds carried forward		 £
34,100
36,116
Bristol Area
Stroke
Foundation
2 months to 31
May 2020		 £
143,125
196,637
Bristol After
Stroke
10 months to
31 March
2021		 Total
Funds 2021
£
177,225
232,753
(2,016)
23,751		 (53,512)
38,592		 (55,528)
62,343
21,735
422,067		 (14,920)
443,802		 6,815
422,067
443,802 428,882 428,882

The 2020 comparative amounts all relate to Bristol Area Stroke Foundation, and have been disclosed in note 12.

24