|Contents|||||
|---|---|---|---|---|
|Report ofthe Trustees.|||||
|Introduction .||||3|
|Directors &Trustees —Dame Hannah||Rogers|Trust 2019Limited ..||
|Officers and Key Employees of Dame||Hannah|Rogers Trust 2019Limited||
|Structure, Governance|and Management.||||
|Appointment
of Directors to the Board||.|||
|Organisation ..|||||
|Our history.|||||
|COVID-19 Pandemic|||||
|Trading Companies. .|||||
|Risk Management. .|||||
|Public Benefit|||||
|Our current and future|plans ..|||..16|
|Post Balance Sheet Events..||||..16|
|Financial
review - Overview.||||..16|
|Financial
review .||||.......16|
|Financial
review - Going Concern ..||||..18|
|Reserves policy..|||||
|Pay policy statement .||||..19|
|Senior Leadership
Team||||.......20|
|Fundraising
practices||||..20|
|Trustees responsibilities|in relation to the financial statements.|||....21|
|Auditor.||||..21|
|Independent
Auditor's|Report ..|||..22|
|Independent
Auditor's|Report continued.||||
|Independent
Auditor's|Report continued.|||......24|
|Independent
Auditor's|Report continued.|||..25|
|Consolidated
Statement|of Financial Activities. .|||..26|
|Balance Sheet...||||....27|
|Notes and Accounting|Policies .....|||..29|
##
##
|Company|number|11878746||||
|---|---|---|---|---|---|
|Charity number||1194836||||
|Registered|Office|Woodland|Road|||
|||Ivybridge||||
|||Devon||||
|||PL21 9HQ||||
|Auditor||PKF Francis Clark
Chartered
Accountants||||
|||North Quay||House||
|||Sutton Harbour||||
|||Plymouth||||
|||PL4 ORA||||
|Solicitors||Tozers Solicitors LLP||||
|||Broadwalk||House||
|||Southernhay||West||
|||Exeter||||
|||Devon||||
|||EX1 1UA||||
|Insurance|advisors|Marsh Commercial||||
|||3"Floor||||
|||26 Lockyer||Street||
|||Plymouth||||
|||PL1 2QW||||
|Charity Website||www discoverhannahs.|||or|
|Directors
&Trustees|—Dame Hannah
Rogers Trust 2019 Limited|—Dame Hannah
Rogers Trust 2019 Limited|—Dame Hannah
Rogers Trust 2019 Limited|—Dame Hannah
Rogers Trust 2019 Limited|||
|---|---|---|---|---|---|---|
|The following
persons were|Directors &Trustees
during the whole ofthe year||ended 31 March|||2022, unless otherwise|
|stated:|||||||
|lan Cowley|Chair (Appointed
Vice Chair 27 July 2021,Appointed||||Chair 12|October 2021,|
||Appointed
Executive Chair 12April 2022)||||||
|Professor David Coslett|Chair (Retired from|the Board 12October 2021)|||||
|Paul Boys|Director||||||
|Simon Morris|Director||||||
|Chris Erwood|Director (Resigned|1 August 2022)|||||
|Judith Gentry|Director(Appointed|30April 2021, Resigned|1|August|2022)||
|Tony Lumb|Director (Appointed|21 July 2022)|||||
|Officers and Key Employees
of Dame Hannah
Rogers Trust|||2019 Limited||||
|James Derrick|Director ofFinance|&Company
Secretary|||||
|Wayne Fulton|Director ofAdult Services||||||
|Mare Chudley|Registered
Manager|(Hannahwood
Transitions||&Hannahwood||Mews)|
|John McDonald|Registered
Manager|(Arthur Care Home)|||||
|Daniel Burke|Head of Fundraising|&Retail|||||
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|||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
|||Funds|Funds|2022|2021|
||Notes|6|6|6|5|
|Income from:||||||
|Donations
and legacies||1,109,633|64,567|1,174,200||
|Charitable
activities||3,588,791||3,588,791||
|Other trading
activities||711,468||711,468||
|Investment
income||16||16||
|Total income||5,409,908|64,567|5,474,475||
|Expenditure
on:||||||
|Costs ofraising funds||378,579|182|378,761||
|Charitable
activities||3,283,865|4,749|3,288,614||
|Other:||||||
|Financing costs||14,806||14,806||
|Total expenditure||3,677,250|4,931|3,682,181||
|Net gains on investments||||||
|Net (expenditure)/income||1,732,658|59,636|1,792,294||
|Transfer between
funds||||||
|Net movement
in funds||1,732,658|59,636|1,792,294||
|Reconciliation
offunds:||||||
|Total funds brought
forward||||||
|Total funds carried forward||1,732,658|59,636|1,792,294||
|||||Group|||Charity||
|---|---|---|---|---|---|---|---|---|
||||2022||2021|2022||2021|
|Fixed assets:||Notes|6|||||f|
|Tangible assets||15|452,033|||432,196|||
|Investments||16|5,000|||5,004|||
|Total fixed assets|||457,033|||437,200|||
|Current assets:|||||||||
|Stocks||17|37,437|||37,437|||
|Debtors||18|491,649|||452,928|||
|Cash at bank and in hand|||2,752,810|||2,647,449|||
|Total current assets|||3,281,896|||3,137,814|||
|Liabilities:|||||||||
|Creditors: amounts|falling due|19|1,379,354|||1,415,125|||
|within one year|||||||||
|Net current assetsl|(liabilities)||1,902,542|||1,722,689|||
|Total assets less current|||2,359,575|||2,159,889|||
|liabilities|||||||||
|Creditors: amounts
after more than one|falling due
year|20|567,281|||564,320|||
|Total net assets|||1,792,294|||1,595,569|||
|The funds ofthe Charity:|||||||||
|Restricted funds||22|59,636|||59,636|||
|Unrestricted
funds||22|1,732,658|||1,535,933|||
|Total Charity funds|||1,792,294|||1,595,569|||
|Consolidated
Statement
of Cash Flows|Consolidated
Statement
of Cash Flows|Consolidated
Statement
of Cash Flows|Consolidated
Statement
of Cash Flows||||
|---|---|---|---|---|---|---|
|Year ended
31 March 2022|||||||
||||||2022|2021|
|||||Notes|5|E|
|Cash flows from operating
activities:|||||||
|Net cash received from operating
activities|||||2,712,383||
|Cash flows from investing
activities:|||||||
|Interest from investments|||||16||
|Transfer
in oftangible
fixed assets and investments|||||(432,262)||
|Proceeds from the sale oftangible
fixed|assets||||2,270||
|Purchase
oftangible
fixed assets|||||(67,588)||
|Net cash provided byl(used in) investing||activities|||(497,564)||
|Cash flows from financing
activities:|||||||
|Transfer of borrowing
to Trust|||||625,921||
|Repayment
of borrowing|||||(75,969)||
|Net cash used in financing
activities|||||537,991||
|Change in cash and cash equivalents|in the||year||2,752,810||
|Cash and cash equivalents
at the beginning|||ofthe year||||
|Cash and cash equivalents
at the end ofthe|||year|27|2,752,810||
##
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|3.Income|from|donations
and legacies|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||2022|2022|2022|2021|
||||||5|f|
|Donations|and|gifts|20,529|782|21,311||
|Transfers|in:||||||
|Dame Hannah||Rogers School|813,109|63,785|876,894||
|Hannahs|(1988)Ltd||103,027||103,027||
|Legacies|||129,131||129,131||
|Furlough|Grant||11,294||11,294||
|Kick Start|Grant||32,543||32,543||
|Total|||1,109,633|64,567|1,174,200||
##
|.Inco|me from charitable
activities|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||2022|2022|2022|2021|
|||||5|F|
|Fees|receivable|3,451,678||3,451,678||
|Covid|grant support|29,318||29,318||
|Other|income|107,795||107,795||
|Total||3,588,791||3,588,791||
##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||2022|2022|2022|2021|
|Income|from|charity|shops|711,468||711,468||
|Total||||711,468||711,468||
##
|Unrestricted|Total|
|---|---|
|2022|2021|
|F||
##
|Profit and loss|account|account||2022f|
|---|---|---|---|---|
|Turnover||||751,707|
|Operating
expenses||||(350,816)|
|Operating
profit||||400,891|
|Interest payable||and similar charges||(536)|
|Interest receivable||||13|
|Net trading
profit||||400,368|
|Tax on profit on||ordinary activities|||
|Profit affer taxation||||400,368|
|Gift aid distribution||||(306,668)|
|||||93,700|
|Reserves
b/f||||103,027|
|||||196,727|
|Balance sheet|||||
|Assets||||215,731|
|Liabilities||||(19,002)|
|Capital|||||
|Reserves||||196,727|
|8.Expenditure|on raising funds||||
||||Total|Total|
||||2022|2021|
||||F|F|
|Depreciation|||4,195||
|Other costs|||374,566||
||||378,761||
##
|Direct costs|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||||2022|2021|
||||6|F|
|Staff costs|2,369,337||2,369.337||
|Premises costs|528,767||528,767||
|Supplies|76,098||76,098||
|Depreciation|32,462|4,749|37,211||
|Other|7,589||7,589||
||3,014,253|4,749|3,019,002||
|Governance costs (note 10)|106,107||106,107||
|Support costs (note 10)|163,505||163,505||
||3,283,865|4,749|3,288,614||
##
|||Support|Governance|Total|Total|Basis of|
|---|---|---|---|---|---|---|
|||costs|costs|2022|2021|allocation|
|Management/admin|staff salaries|163,505|40,876|204,381||Time spent|
|Legal and Professional|||36,646|36,646||Governance|
|Other|||28,585|28,585||Governance|
|||163,505|106,107|269,612|||
##
|Net income|for|the year is after char|ging:|||
|---|---|---|---|---|---|
|||||2022|2021|
||||||6|
|(Loss)/Profit|on|disposal offixed assets||1,549||
|Depreciation|of|leasehold assets||5,482||
|Depreciation|of|owned assets||35,925||
|Auditor's
remuneration
for audit services:||||||
|Charity||||5,000||
|Subsidiary||||5,000||
|Non-audit
services||||5,000||
|Rental ofshop||premises - operating|leases|98,281||
|Other operating||leases||29,032||
|12.Analysis o
The aggregate|fstaff costs, Trustee's
remuneration
and
payroll costs were as follows:|expenses and the costs of key management
pers|onnel|
|---|---|---|---|
|||2022|2021|
|||6|f|
|Wages and salaries||2,256,583||
|Social security|costs|166,655||
|Pension costs||54,773||
|Other staff costs||25,051||
|Apprenticeship|levy|1,873||
|Agency fees||68,783||
|||2,573,718||
##
##
|15.Tangible fixed assets||||||
|---|---|---|---|---|---|
|Group|Leasehold
buildings|Fixtures,
fittings and
equipment|Motor
vehicles|Trust
website|Total|
|||6||||
|Cost or valuation||||||
|At 1 April 2021||||||
|Transfers
in|191,465|1,925,589|189,677|41,276|2,348,007|
|Additions|29,730|37,858|||67,588|
|Disposals||(690)|(35,700)||(36,390)|
|At 31 March 2022|221,195|1,962,757|153,977|41,276|2,379,205|
|Depreciation||||||
|At 1 April 2021||||||
|Transfers
in|8,774|1,709,354|166,822|35,795|1,920,745|
|Charge for year|6,106|30,355|4,215|730|41,406|
|Eliminated
on disposals|||(34,979)||(34,979)|
|At 31 March 2022|14,880|1,739,709|136,058|36,525|1,927,172|
|Net book value||||||
|At 31 March 2022|206,315|223,048|17,919|4,751|452,033|
|Charity||||||
||Leasehold
buildings|Fixtures,
fittings and
equipment|Motor
vehicles|Trust
website|Total|
|Cost or valuation||||||
|At 1 April 2021||||||
|Transfers
in|191,465|1,883,243|179,160|41,276|2,295,144|
|Additions|29,730|37,858|||67,588|
|Disposals||(690)|(35,700)||(36,390)|
|At 31 March 2022|221,195|1,920,411|143,460|41,276|2,326,342|
|Depreciation||||||
|At 1 April 2021||||||
|Transfers
in|8,774|1,685,124|162,221|35,795|1,891,914|
|Charge for the year|6,106|27,639|2,736|730|37,211|
|Eliminated
on disposals|||(34,979)||(34,979)|
|At 31 March 2022|14,880|1,712,763|129,978|40,989|1,894,146|
|Net book value||||||
|At 31 March 2022|206,315|207,648|13,482|4,751|432,196|
|16.Investments|16.Investments|16.Investments||||
|---|---|---|---|---|---|
|Investments||—unlisted||||
|Group|and Charity|||||
||||||2022|
||||||5|
|Shares|in Brain in Hand||||5,000|
|Investments||in subsidiaries||(Charity only)||
||||||2022|
|Cost of|shares|in Hannah's|(1988)Limited|||
|Cost of|shares|in Hannahs|Limited|||
##
##
|8.Debtors|||||||
|---|---|---|---|---|---|---|
|||Group|||Charity||
|||2022|2021|2022||2021|
|||E|E|F||F|
|Trade debtors||275,642||272,778|||
|Prepayments|and accrued income|165,657||135,122|||
|Other debtors||50,350||45,028|||
|||491,649||452,928|||
##
|9.Creditors - Amounts|falling due within one|year|||||
|---|---|---|---|---|---|---|
|||Group|||Charity||
|||2022|2021|2022||2021|
|||E|F|E||F.|
|Bank loans —(note 20)||40,000||40,000|||
|Other loans —unsecured|(note 20)|50,000||50,000|||
|Trade creditors||238,977||236,406|||
|Amounts
owed to group undertakings||||51,812|||
|Accruals and deferred
income||467,220||455,620|||
|Other taxation and social|security|515,177||515,177|||
|Obligations
under finance|lease (note 21)|9,800||7,930|||
|Other creditors||58,180||58,180|||
|||1,379,354||1,415,125|||
|0.Creditors|—Amounts
falling due after one ye|ar||||||
|---|---|---|---|---|---|---|---|
||||Group|||Charity||
|||2022||2021|2022||2021|
|||E||F|E|||
|Bank loans|- CBIL|130,000|||130,000|||
|Other loans|- unsecured|300,000|||300,000|||
|Obligations|under finance lease (note 21)|13,022|||10,061|||
|Other creditors||124,259|||124,259|||
|||567,281|||564,320|||
##
|ategory|oft|angible|fixe|d assets and a C|itroen van|recognised
wit|h motor vehicles|in fixed assets.||
|---|---|---|---|---|---|---|---|---|---|
||||||||Group and|Charity||
|||||||Minimum|lease|Present value of||
|||||||payments||minimum|lease|
|||||||||payments||
|||||||2022
F|2021|2022
6|2021
f|
|Within one year||||||12,712||9,800||
|Between|one and||five|years||20,524||13,022||
|||||||33,236||22,822||
|Less: future||finance charges||||(10,414)||||
|Present|value oflease|||obligations||22,822||22,822||
|Included|in|the financial statements|||as:|||||
|Current|obligations||under finance lease|||||9,800||
|Non-current||obligations||under finance lease||||13,022||
|||||||||22,822||
##
##
##
##
##
||Group||Charity||
|---|---|---|---|---|
||2022f|2021
F|2022|2021f|
|Not later than one year|391,770||302,000||
|Later than one year and not later|1,332,286||1,208,000||
|than five years|||||
|Later than five years|4,785,800||4,785,800||
||6,509,856||6,295,800||
##
||||||||2022
8|2021f|
|---|---|---|---|---|---|---|---|---|
|Netincome|for the year||||||1,792,294||
|Adjustments|for:||||||||
|Depreciation|charges||||||41,406||
|Interest from|investments||||||(16)||
|Loss/(Profit)|on disposal oftangible assets||||||(1,549)||
|Decrease
/ (increase)||in stocks|||||(37,437)||
|Decrease
/ (increase)||in debtors|||||(491,649)||
|(Decrease)/increase||in creditors|||||1,409,334||
|Net cash received from/(usedin)
operating||||activities|||2,712„383||
|27.Analysis|ofcash|and|cash equivalents||||||
||||||||2022|2021|
||||||||F||
|Cashin
hand|||||||2,752,810||
|Overdraft
facility repayable|||on demand||||||
|Total cash and cash||equivalents|||||2,752,810||
|28.Analysis|ofchanges||in net funds||||||
|||||||Transfers||At 31|
||||||At 1 April
2021|in from
DHRS|Cash-flows
f|March
2022
6|
|Cash||||||2,322,881|429,929|2,752,810|
|Loans falling due||in less than one year||||(86,667)|(3,333)|(90,000)|
|Loans falling due||after|more than one year|||510,000|80,000|430,000|
|||||||1,726,214|506,596|2,232,810|
##
##
|019.A summary
o|fthe assets and liabilities tran|sferred
are shown below:|||||
|---|---|---|---|---|---|---|
|||Value||Fair value||Transfer
in|
|||reported
by||adjustments||recognised|
|||DHRS
E|||f|E|
|Tangible fixed assets|||||||
|Tangible assets|||403,230|||403,230|
|Investments|||10,004|||10,000|
|Current Assets|||||||
|Stock|||24,008|||24,008|
|Debtors|||493,430|||493.430|
|Cash at bank and|in hand|2,322,881||||2,322,881|
|Creditors|||||||
|Due in one year||(1,866,659)||||(1,866,659)|
|Due after one year||510,000||||510,000|
|Net assets|||876,894|||876,894|