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2022-03-31-accounts

BRISTOL AFTER STROKE

REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

Charity Number: 1182124 Company Number: 11814993

BRISTOL AFTER STROKE

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

Contents

Reference and Administrative Information 1
Report of the Trustees/ Directors 2-8
Independent Examiner’s Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12-23

BRISTOL AFTER STROKE REFERENCE & ADMINISTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2022

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 – Chair
D Exell – Treasurer
P Scott
C Wallace resigned 19thMay 2022
S Sibley
J Tyrrell
S Hill
S Buddha appointed 29thNovember 2021
J Grafton
P Knowles appointed 15thNovember 2022

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/DIRECTORS YEAR ENDED 31 MARCH 2022

The trustees present their report with the financial statements of the charity for the period ended 31 March 2022.

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 is the result of incorporating the Charity Bristol Area Stroke Foundation. These charities have been officially merged on the Charity Commission register of mergers.

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.

Bristol After Stroke, The Gatehouse Centre, Hareclive Rd, Bristol BS13 9JN, 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. 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 came into effect in April 2022. This is long term funding.

  2. The organisation is preparing for growth with the prospect of new funding in 2022 - 23. With growth comes some risk both financial but also operationally. We will look forward to recruiting and embedding new staff and supporting existing staff with any changes that a new contract brings.

2

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES/DIRECTORS YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Bristol After Stroke set a budget for 2021/ 2022 that acknowledged that we would need to spend reserves to accommodate growth in the following year. This was principally around the taking on of a new contract. We budgeted to draw down £50K and in fact used £60K funds. We are confident that this investment in the charity will prove essential in our development and future financial security.

Bristol After Stroke on 31st March 2022 had an investment portfolio of £352,109 invested primarily in marketable securities. In addition, liquid cash balances of £22,926 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 including unrestricted investments which can easily be transferred into cash were £137,343. The minimum requirement is £88,929.

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/DIRECTORS YEAR ENDED 31 MARCH 2022

Our values are:

Achievement and performance:

“I would have been lost without your services, they have made a massive difference to my confidence and outlook on life.”

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 39 years have designed 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.

During this year we have continued to innovate and grow in response to need. From April 2021 to March 2022:

4

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES/DIRECTORS YEAR ENDED 31 MARCH 2022

Impact

We undertake surveys and seek feedback on our services throughout the year to ensure we understand the impact of our work.

Overall evaluation of our services at the end of last year demonstrate that our services improve health and wellbeing, reduce social isolation, and improve quality of life.

“It is reassuring to see and speak to others who are in the same situation as me having had a stroke.”

“Since I have had the lady, [(Stroke Key Worker], she has put a smile psychologically on my face, my health & wellbeing is uplifted. Thank you.”

In our 2020/21 post-counselling survey, we asked people to rate between 1 and 5 as to how counselling has supported them to:

“[The counselling that I received] was life changing”

5

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES/DIRECTORS YEAR ENDED 31 MARCH 2022

BAS strategy

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

As we go into 2022 our partnership with the Stroke Association and the future delivery of a stroke key worker service represents a significant achievement. It starts to fulfil our vision that everyone who has had a stroke can get the help they need to regain confidence and rebuild a fulfilling life.

We are proud to be playing a central role in its design and delivery.

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. The Chair of the group attends the Trustee board meetings as the service user representative. Service users involvement in BAS but also wider projects such as research, the Stroke Hit locally and involvement in consultations are a key activity ensuring the voice of stroke affected people is heard.

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 and companies in the area who support us. Funders included, the National Lottery Sports Council, Lloyd Robinson Family Fund, The Grateful Society, The Burden Trust, Magic Little Grants, Dolphin Society, Anchor Society, John James, Quartet Community Foundation, Richard Davies Charitable Foundation and Howdens.

We also had some wonderful support from donors and societies including The Rotary societies of Bristol and Nailsea and Backwell. Individual fundraisers included Steve Burbage and other group members who joined the Nailsea Rotary Walk, Dr Praveen Kumar who ran a Badminton tournament and David Exell who undertook the Marathon Des Sables!

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

6

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES/DIRECTORS YEAR ENDED 31 MARCH 2022

Statement from our Chair of Trustees– Michael Hill

After now three years in the role as Chair, I had thought that things might begin to settle down in 2022, but that’s seemingly not the way of this century. We are living in turbulent times; the country is part way to the end of a stubborn pandemic and we are living in an extraordinary unsettled economic and political environment.

However the charity has more than held its own to bounce back from running virtual-only services, and our groups, physiotherapy courses, counselling and face to face interaction have fully resumed, building attendees as the threat from the virus ebbs away. The frontline team are again providing support to the 100’s of Stroke Survivors across Bristol and South Gloucestershire, helping people emerging from hospital to adjust to their new realities. Our client feedback continues to be strong, with 84% rating us Good or Excellent and many compliments paid through our surveys.

We have increased our focus on Aphasia, in line with our strategic plan and to address the increased need. Aphasia is a language disability caused by damage in a specific area of the brain that controls language expression and comprehension. A third of people with stroke experience this and we have begun to provide more support in small groups to give more confidence to people who are struggling.

Beyond our traditional services however, we have embarked on our new journey in partnership with the NHS to provide all hospitalised stroke sufferers in our region with first an initial assessment, then a tailored plan followed by a six-month review. This is a major undertaking for the charity and has meant a large increase in our team, scope and budget. We are thrilled to have recruited a new Operations Manager, Gemma Holden, to manage, motivate and support the new team. Over the next year, the service will come into full effect and our staff will be incredibly busy dealing with potentially over 500 referrals a year for people who need help.

Financially, thanks to our supporters, benefactors, organisations, our heroes in fact, we continue to be confident that, in the turmoil of economic forces affecting us all, we continue to make decisions that are in line with the medium and long term needs of our colleagues and our clients. We are watchful however. I am cautious about further bumps in the road and will continue to keep our budgetary position under close observation and make such decisions as may be needed to preserve the Charity for the future.

With our clients and our colleagues at the forefront of our minds at all times, we continue to make measured progress. We look forward to 2023 in our endeavour to support many more people adapt to life after stroke.

7

BRISTOL AFTER STROKE REPORT OF THE TRUSTEES/DIRECTORS YEAR ENDED 31 MARCH 2022

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees are responsible for preparing the Trustees’ 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 Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity 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 14 December 2022, and signed on its behalf by:

……………………………………

M Hill - Trustee

8

BRISTOL AFTER STROKE INDEPENDENT EXAMINER’S REPORT YEAR ENDED 31 MARCH 2022

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

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

.

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 Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

14 December 2022

9

BRISTOL AFTER STROKE

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2022

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
£
52,035
109,313
305
11,017		 Restricted
Funds
£
32,506
-
-
-		 Total Funds
2022
£
84,541
109,313
305
11,017		 Total Funds
2021
£
61,751
105,230
1,081
9,163
172,670 32,506 205,176 177,225
20,007
246,780		 -
14,621		 20,007
261,401		 24,653
208,100
266,787 14,621 281,408 232,753
17,299 - 17,299 62,343
(76,818)
(8)		 17,885
8		 (58,933)
-		 6,815
-
(76,826)
215,295		 17,893
213,587		 (58,933)
428,882		 6,815
422,067
138,469 231,480 369,949 428,882

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 12 to 23 form part of these financial statements See note 12 for fund-accounting comparative figures

10

BRISTOL AFTER STROKE

BALANCE SHEET

AS AT 31 MARCH 2022
AS AT 31 MARCH 2022 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		 2022
£
1,126
352,109
353,235
3,464
22,926
26,390
(9,676)
16,714
369,949
138,469
231,480
369,949		 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

For the year ended 31 March 2022 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 14 December 2022 and are signed on their behalf

D Exell Trustee/Treasurer

The notes on pages 12 to 23 form part of these financial statements

11

BRISTOL AFTER STROKE NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

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 charity is a public benefit entity.

The trustees consider that there are no material uncertainties related to events or conditions that cast significant doubt on the Charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity is entitled 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.

12

BRISTOL AFTER STROKE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

1 Accounting policies (continued)

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.

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
Prior period comparatives
Donations
Refunded tax
Grants received		 Unrestricted
Funds
£
45,299
4,236
2,500		 Restricted
Funds
£
-
-
32,506		 Total Funds
2022
£
45,299
4,236
35,006
52,035 32,506 84,541
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

13

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

3 Income from: Charitable activities

Bristol Clinical Commissioning Group
South Gloucestershire Council
Prior period comparatives
Bristol Clinical Commissioning Group
South Gloucestershire Council		 Unrestricted
Funds
£
42,437
66,876		 Restricted
Funds
£
-
-		 Total Funds
2022
£
42,437
66,876
109,313 - 109,313
Unrestricted
Funds
£
29,019
76,211		 Restricted
Funds
£
-
-		 Total Funds
2021
£
29,019
76,211
105,230 - 105,230

4 Income from: Other trading activities

Subscriptions from Support Groups Unrestricted
Funds
£
305		 Restricted
Funds
£
-		 Total Funds
2022
£
305		 Total Funds
2021
£
1,081
305 - 305 1,081

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

5 Income from: Investments

Interest received Unrestricted
Funds
£
11,017		 Restricted
Funds
£
-		 Total Funds
2022
£
11,017		 Total Funds
2021
£
9,163
11,017 - 11,017 9,163

All income from investments in the prior period was unrestricted.

14

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

6 Expenditure on: Raising funds

Wages and salaries
Promotion
Investment management fees
Prior period comparatives
Wages and salaries
Promotion
Investment management fees		 Unrestricted
Funds
£
15,205
1,260
3,542		 Restricted
Funds
£
-
-
-		 Total Funds
2022
£
15,205
1,260
3,542
20,007 - 20,007
Unrestricted
Funds
£
16,124
7,171
1,358		 Restricted
Funds
£
-
-
-		 Total Funds
2021
£
16,124
7,171
1,358
24,653 - 24,653

7 Expenditure on: Charitable activities

Support and social groups
Counselling
General information, advice and support		 Direct
Costs
£
45,942
27,113
99,410		 Support
Costs
(Note 8)
£
24,013
14,230
50,693		 Total Funds
2022
£
69,955
41,343
150,103
172,465 88,936 261,401

Prior period comparatives

Support and social groups
Counselling
General information, advice and support		 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

15

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

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
32,358
Other staff and volunteer costs
-
15,518
Office expenses
-
31,721
Refreshments
-
70
Room hire
-
818
Therapy & Transport
-
790
Legal and professional fees
-
167
Depreciation
-
345
Governance costs
(Note 9)
-
7,149
-
88,936		 Total Funds
2022
£
32,358
15,518
31,721
70
818
790
167
345
7,149		 Total Funds
2021
£
12,973
11,114
24,526
189
208
150
1,202
454
4,065
88,936 54,881

9 Governance costs

Independent examiner's fees
- for independent examination
- for independent examination (prior years)
- for other services
Legal advice		 Unrestricted
Funds
£
2,400
2,358
1,177
1,214		 Restricted
Funds
£
-
-
-
-		 Total Funds
2022
£
2,400
2,358
1,177
1,214		 Total Funds
2021
£
2,940
-
1,125
-
7,149 - 7,149 4,065

All Governance costs in the prior period were unrestricted.

16

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

10 Net income/(expenditure)

This is stated after charging:

This is stated after charging:
2022 2021
£ £
Independent examiner's remuneration
- for audit services 2,400 2,940
- for other services 1,177 1,125
Depreciation 345 453
Trustee expenses - -

Aggregate donations from Trustees, key management personnel, and other related parties were £886 (2021: £872).

No Trustee has been reimbursed for their out of pocket travel expenses in either the current or prior year. No Trustee received any remuneration during either the current or prior year.

11 Staff costs and numbers

The aggregate payroll costs were:

The aggregate payroll costs were:
Wages & salaries
Social security costs
Pension contributions
Redundancy payments		 2022
£
188,999
12,387
6,187
1,891		 2021
£
163,972
9,643
2,734
-
209,464 176,349

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

The average number of employees during the period was 12, (2021: 13) calculated on the basis of average headcount.

The total employment benefits received by key management personnel were £49,541 (2021: £28,561).

17

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

12 Statement of Financial Activities comparative figures
For the year ended 31 March 2021
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
Net movement in funds
Total funds at start of year
Total funds at end of year		 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
157,054 20,171 177,225
24,653
185,896		 -
22,204		 24,653
208,100
210,549 22,204 232,753
62,343 - 62,343
8,848
(20)		 (2,033)
20		 6,815
-
8,828
206,467		 (2,013)
215,600		 6,815
422,067
215,295 213,587 428,882

18

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

13 Tangible fixed assets
Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the period
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
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
Market value at 1 April
Additions
Disposals
Net gain/(loss) for the year
Market value at 31 March
Net cost of investments as at 31 March		 Fixtures and
fittings
£
7,310
-		 Computer
equipment
£
18,420
-		 Total
£
25,730
-
7,310 18,420 25,730
6,689
89		 17,570
256		 24,259
345
6,778 17,826 24,604
532 594 1,126
621 850 1,471
2022
£
14,169
21,931
11,319
73,374
39,385
19,106
68,923
103,902		 2021
£
13,297
78,017
10,349
56,489
31,006
9,698
56,123
106,557
352,109 361,536
2022
£
361,536
44,110
(70,525)
16,988		 2021
£
301,664
61,716
(64,187)
62,343
352,109 361,536
264,038 275,683

19

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

15 Debtors

Due in less than one year:
Accrued income
Tax reclaimable under gift aid
16 Creditors: amounts falling due within one year
Accruals and other creditors		 2022
£
1,703
1,761		 2021
£
1,285
1,000
3,464 2,285
2022
£
9,676		 2021
£
4,693
9,676 4,693

17 Movement in funds For the period ended 31 March 2022

Restricted funds
Restricted Capital Funds
S Glos Area grant-Group Work
Gloucester Community
Foundation
S Glos Area Grant- Aphasia
James Tudor Bristol Next Steps
Co-Op Downend
Burden Trust - Next Steps
Magic Little Grants
Wellbeing Day
St Monica's Trust
Quartet Weslyan Foundation
Grateful Society
Sport England
Three Societies
Three Societies Counselling
Unrestricted funds
General funds
Total funds		 At 1 Apr 2021
£
200,000
-
1,219
-
110
6,097
4,663
10
62
347
-
-
-
-
1,079		 Income &
Gains
£
1,500
-
2,613
-
-
4,320
500
-
-
5,878
5,000
9,095
3,600
-		 Expenditure &
Losses
£
-
-
(508)
(2,620)
-
(282)
(4,664)
(500)
-
-
(1,448)
(3,520)
-
-
(1,079)		 Transfers
£
-
-
-
7
-
1
-
-
-
-
-
-
-
-		 At 31 Mar
2022
£
200,000
1,500
711
-
110
5,815
4,320
10
62
347
4,430
1,480
9,095
3,600
-
213,587 32,506 (14,621) 8 231,480
215,295 189,969 (266,787) (8) 138,469
428,882 222,475 (281,408) - 369,949

20

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

BRISTOL AFTER STROKE

17 Movement in funds (continued)

For the year ended 31 March 2021

Restricted funds
Restricted Capital Funds
Bristol Older People Funding
Alliance
Gloucester Community
Foundation
Groundwork Tesco - Aphasia
Group
James Tudor Bristol Next Steps
Co-Op Downend
Burden Trust - Next Steps
Magic Little Grants
Wellbeing Day
St Monica's Trust
Community fund Nat'l Lottery
Three Societies Counselling
Unrestricted funds
General funds
Total funds		 At 31 Mar
2020
£
200,000
7,575
1,219
537
110
6,097
-
-
62
-
-
-		 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
6,097
4,663
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

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 this £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 £11,017 (2021: £9,163) in investment income during 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.

James Tudor Bristol Next Steps fund - these were funds for our Physiotherapy course and In reach. Co-Op Downend – Funds to support work in South Glos and our stroke café.

21

BRISTOL AFTER STROKE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

17 Movement in funds (continued)

Next Steps Bristol - Funds received to run the Next Steps project, a group exercise programme that is physiotherapy led, supporting the delivery of this programme for Bristol residents.

Magic Little Grants - This was to support a poetry project for our aphasia group.

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 National Lottery - 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(Grateful / Anchor/ Dolphin)- This was funding received to support the continuation of telephone counselling and the delivery of an online version of the Action After Stroke Course.

The Grateful Society - This was funding to support our Stroke café in Bristol.

Quartet Weslyan Foundation - This funding was to support extra telephone counselling to support us reaching more people in a period of high demand.

South Glos Area Grant - Aphasia. This was to support development of our aphasia work.

South Glos Area Grant - Group Work . This was to support group work in South Gloucestershire.

Sport England - This funding supported BAS to develop video’s that would support Next Steps participants follow extra exercise support at home.

Three Societies (John James / Anchor/ Dolphin) -This was funding to support telephone groups set up due to COVID. The telephone groups were a joint project between BAS and other members of the Bristol support hub.

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 2022
Tangible fixed assets
Investments
Net current assets
At 31 March 2021
Tangible fixed assets
Investments
Net current assets		 Unrestricted
Funds
£
1,126
152,109
(14,766)		 Restricted
Funds
£
-
200,000
31,480		 Total
Funds
£
1,126
352,109
16,714
138,469 231,480 369,949
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

22

BRISTOL AFTER STROKE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

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)
Funds:
Unrestricted funds
Restricted funds		 £
1,839
322,027
15,471
110,985
(12,568)
437,754
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
2 months to 31
May 2020
Bristol Area
Stroke
Foundation		 £
143,125
196,637
10 months to
31 March
2021
Bristol After
Stroke		 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

23