##
|Report ofthe Trustees||..|||
|---|---|---|---|---|
|Introduction
..|||||
|Directors
&Trustees|—Dame Hannah
Rogers Trust 2019Limited||||
|Officers and Key Employees of Dame Hannah|||Rogers Trust 2019Limited..||
|Structure,
Governance||and Management ..|||
|Trading Companies.|||||
|Risk Management|||||
|Public Benefit ..|||||
|Our Staff Team.||||....13|
|Our Volunteers.||||....14|
|Fundraising
practices.||||........15|
|Our current and future|plans.|||........16|
|Reserves policy||||..21|
|Pay policy statement.||||........21|
|Trustees'
responsibilities||in relation to the financial statements.||......22|
|Auditor ..||||........22|
|Independent
Auditor's|Report..|||......23|
|Independent
Auditor's|Report continued|||........24|
|Independent
Auditor's|Report continued|||...25|
|Independent
Auditor's|Report continued|||........26|
|Consolidated
Statement||ofFinancial Activities.||........27|
|Balance Sheet.||||........28|
|Notes and Accounting|Policies..|||........30|
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|Rogers Sch|ool charity.||||||
|---|---|---|---|---|---|---|
|As you read|the following|financial
information,|the Trustee Board hopes|||you will also sense the courage,|
|determination|and vitality|ofour truly inspirational||adults|with disabilities|and those closest to them.|
|Company|number|11878746|||||
|Charity number||1194836|||||
|Registered|Office|Woodland
Road|||||
|||Ivybridge|||||
|||Devon|||||
|||PL21 9HQ|||||
|Auditor||PKF Francis Clark
Chartered
Accountants|||||
|||Melville Building East|||||
|||Unit 18,23 Royal William Yard|||||
|||Plymouth|||||
|||PL1 3GW|||||
|Solicitors||Tozers Solicitors LLP|||||
|||Broadwalk House|||||
|||Southernhay
West|||||
|||Exeter|||||
|||Devon|||||
|||EX1 1UA|||||
|Insurance|advisors|Marsh Commercial|||||
|||Melville Building|||||
|||Royal William Yard|||||
|||Plymouth|||||
|||PL1 3RP|||||
|Charity Website||www. discoverhannahs.||or|||
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|||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
|||Funds|Funds|2023|2022|
||Notes|8|8|||
|Income from:||||||
|Donations
and legacies||142,293|159,490|301,783|1,174,200|
|Charitable
activities||5,393,680||5,393,680|3,588,791|
|Other trading
activities||821,172||821,172|711,468|
|Investment
income||524||524|16|
|Total income||6,357,669|159,490|6,517,159|5,474,475|
|Expenditure
on:||||||
|Costs of raising funds||(451,177)||(451,177)|(378,761)|
|Charitable
activities||(5,626,505)|(13,334)|(5,639,839)|(3,288,614)|
|Other:||||||
|Financing costs||(9,675)||(9,675)|(14,806)|
|Total expenditure||(6,087,357)|(13,334)|(6,100,691)|(3,682,181)|
|Net gains on investments||||||
|Net income||270,312|146,156|416,468|1,792,294|
|Transfer between funds||||||
|Net movement
in funds||270,312|146,156|416,468|1,792,294|
|Reconciliation
offunds:||||||
|Total funds brought forward||1,732,658|59,636|1,792,294||
|Total funds carried forward||2,002,970|205,792|2,208,762|1,792,294|
##
||||||Group||Charity|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|Fixed assets:|||Notes|||||
|Tangible assets|||15|602,4T3|452,033|588,319|432,196|
|Investments|||16|5,000|5,000|5,004|5,004|
|Total fixed assets||||607,473|457,033|593,323|437,200|
|Current assets:||||||||
|Stocks|||17|31,914|37,437|31,914|37,437|
|Debtors|||18|550,789|491,649|497,996|452,928|
|Cash at bank and|in hand|||2,382,064|2,752,810|2,267,823|2,647,449|
|Total current assets||||2,964,767|3,281,896|2,797,733|3,137,814|
|Liabilities:||||||||
|Creditors: amounts||falling due|19|849,441|1,379,354|1,269,159|1,415,125|
|within one year||||||||
|Net current assets||||2,115,326|1,902,542|1,528,574|1,722,689|
|Total assets less|current|||2,722,799|2,359,575|2,121,897|2,159,889|
|liabilities||||||||
|Creditors: amounts
after more than one||falling due
year|20|514,03'7|567,281|514,037|564,320|
|Total net assets||||2,208,762|1,792,294|1,607,860|1,595,569|
|The funds ofthe|Charity:|||||||
|Restricted funds|||22|205,792|59,636|205,792|59,636|
|Unrestricted
funds|||22|2,002,976|1,732,658|1,402,068|1,535,933|
|Total Charity funds||||2,208,762|1,792,294|1,607,860|1,595,569|
|Consolidated
Statement of Cash|Flows|Flows||||
|---|---|---|---|---|---|
|Year ended 31 March 2023||||||
|||||2023|2022|
||||Notes||r|
|Cash flows from operating
activities:||||||
|Net cash (used) Ireceived from operating|activities||26|(58,718)|2,712,383|
|Cash flows from investing
activities:||||||
|Interest from investments||||524|16|
|Transfer
in oftangible fixed assets and investments|||||(432,262)|
|Proceeds from the safe oftangible fixed assets||||8,576|2,270|
|Purchase oftangible fixed assets||||(220,236)|(67,588)|
|Net cash (used in) investing
activities||||(211,136)|(497,564)|
|Cash flows from financing
activities:||||||
|Transfer of borrowing
to Trust|||||625,921|
|Repayment
of borrowing||||(100,892)|(87,930)|
|Net cash usedin financing
activities||||(100,892)|537,991|
|Changein
cash and cash equivalentsin
the||year||(370,746)|2,752,810|
|Cash and cash equivalents
at the beginning||ofthe year||2,752,810||
|Cash and cash equivalents
at the end ofthe||year|27|2,382,064|2,752,810|
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|3.Income|from|donation|s|and legacies||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total||Total|
||||||Funds|Funds|Funds||Funds|
||||||2023|2023|2023||2022|
||||||6|f||8|5|
|Donations|and|gifts|||63,826|9,490|73,316||21,311|
|Transfers|in:|||||||||
|Dame Hannah||Rogers School|||||||876,894|
|Hannahs|(1988)Ltd||||||||103,027|
|Legacies|||||78,467|150,000|228,467||129,131|
|Furlough
Grant|||||||||11,294|
|Kick Start|Grant||||||||32,543|
|Total|||||142,293|159,490|301,783||1,174,200|
|4.Income from charitable|||activities|||||||
||||||Unrestricted
Restricted||Total||Total|
||||||2023f|2023|2023
6||2022
f|
|Fees receivable|||||5,389,498|5,389,498||3,451,678||
|Covid grant|support||||||||29,318|
|Other income|||||4,182||4,182||107,795|
|Total|||||5,393,680|5,393,680||3,588,791||
|.Income from other trading||||activities||||||
||||||Unrestricted
Restricted||Total||Total|
||||||2023
E|2023
E|2023
8||2022f|
|Income from charity shops|||||821,172||821,172||711,468|
|Total|||||821,172||821,172||711,468|
|.Income from investments||||||||||
|||||||Unrestricted|||Total|
||||||||Funds||Funds|
||||||||2023f||2022
f|
|Interest and dividends|||||||524||16|
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||||||
|---|---|---|---|---|
|Profit and|loss account|||2023|
|||||6|
|Turnover||||821,172|
|Operating
expenses||||(416,221)|
|Operating|profit|||404,951|
|Interest payable and similar||charges||335|
|Interest receivable||||(825)|
|Net trading|profit|||404,461|
|Tax on profit on ordinary||activities||(285)|
|Profit after|taxation|||404,176|
|Gift aid distribution||||(193,244)|
|Reserves bif||||196,727|
|||||407,659|
|Balance sheet|||||
|Assets||||429,850|
|Liabilities||||(22,189)|
|Capital|||||
|Reserves||||407,659|
|8.Expenditure
on raising||funds|||
||||Total|Total|
||||2023|2022|
||||6|6|
|Depreciation|||2,496|4,195|
|Other costs|||448,681|374,566|
||||451,177|378,761|
##
|Direct costs||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Fundsf|2023f|2022f|
|Staff costs||3,918,001||3,918,001|2,369,337|
|Premises costs||832,464||832,464|528,767|
|Supplies||130,255||130,255|76,098|
|Depreciation||50,632|7,794|58,426|37,211|
|Bad debts written|off|41,704||41,704||
|Other||35,182|5,540|40,722|7,589|
|||5,008,238|13,334|5,021,572|3,019,002|
|Governance costs (note 10)||175,716||175,716|106,107|
|Support costs (note 10)||442,551||442,551|163,505|
|||5,626,505|13,334|5,639,839|3,288,614|
##
|||Support|Governance|Total|Total|Basis of|
|---|---|---|---|---|---|---|
|||costs|costs|2023|2022|allocation|
|Management/admin|staff salaries|442,551|110,637|553,188|204 381|Time spent|
|Legal and Professional|||23,761|23,761|36,646|Governance|
|Other|||41,318|41,318|28,585|Governance|
|||442,551|175,716|618,267|269,612||
##
|11.Net income
Net income for the year is after charging:|||
|---|---|---|
||2023f|2022f|
|(Loss)/Proffit
on disposal offixed assets|(298)|1,549|
|Depreciation
ofleasehold assets|10,317|5,482|
|Depreciation
ofowned assets|50,605|35,925|
|Auditor's
remuneration
for audit services:|||
|Charity|7,000|5,000|
|Subsidiary|6,000|5,000|
|Non-audit
services|8,OOO|5,000|
|Rental ofshop premises - operating leases|115,952|98,281|
|Other operating leases|43,507|29,215|
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|15.Tangible fixed assets||||||
|---|---|---|---|---|---|
|Group|Leasehold
buildings|Fixtures,
fittings and
equipment|Motor
vehicles|Trust
webaits|Total|
|||6||||
|Cost or valuation||||||
|At 1 April 2022|221,195|1,962,757|153,977|41,276|2,379,205|
|Additions|187,697|17,602|14,937||220,236|
|Disposals|||(14,954)||(14,954)|
|At 31 March 2023|408,892|1,980,359|153,960|41,276|2,584,487|
|Depreciation||||||
|At 1 April 2022|14,880|1,739,709|136,058|36,525|1,927,172|
|Charge for year|10,317|46,284|3,371|950|60,922|
|Eliminated
on disposals|||(6,080)||(6,080)|
|At 31 llllarch 2023|25,197|1,785,993|133,349|37,475|1,982,014|
|Net book value||||||
|At 31 March 2023|383,695|194,366|20,611|3,801|602,473|
|At 31 INarch 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 2022|221,195|1,920,411|143,460|41,276|2,326,342|
|Additions|187,697|16,352|14,937||218,986|
|Disposals|||(4,437)||(4,437)|
|At 31 INarch 2023|408,892|1,936,763|153,960|41,276|2,540,891|
|Depreciation||||||
|At 1 April 2022|14,880|1,712,763|129,978|36,525|1,894,146|
|Charge for the year|10,317|43,788|3,371|950|58,426|
|Eliminated
on disposals||||||
|At 31 March 2023|25,197|1,756,551|133,349|37,475|1,952,572|
|Net book value||||||
|At 31 Iiilarch 2023|383,695|180,212|20,611|3,801|588,319|
|At 31 INarch 2022|206,315|207,648|13,482|4,751|432,196|
|16.Investments|16.Investments|16.Investments|||||
|---|---|---|---|---|---|---|
|Investments||—unlisted|||||
|Group|and Charity||||||
||||||2023|2022|
|Shares|in Brain in Hand||||5,000|5,000|
|Investments||in subsidiaries||(Charity only)|||
||||||2023|2022|
||||||6|6|
|Cost of|shares|in Hannah's|(1988)Limited||||
|Cost of|shares|in Hannahs|Limited||||
##
|18.Debtors|||||||
|---|---|---|---|---|---|---|
||||Group|||Charity|
||||2023|2022|2023|2022|
||||6|f|6|f|
|Trade debtors|||312,463|275,642|303,811|272,778|
|Prepayments|and accrued income||174,020|165,657|137,996|135,122|
|Other debtors|||64,306|50,350|56,189|45,028|
||||550,789|491,649|497,996|452,928|
|9.Creditors -|Amounts|falling due within one year|||||
||||Group|||Charity|
||||2023|2022f|2023
6|2022
f|
|Bank loans —(note 20)|||40,000|40,000|40,000|40,000|
|Other loans —unsecured||(note 20)|50,000|50,000|50,000|50,000|
|Trade creditors|||269,713|238,977|267,609|236,406|
|Amounts
owed|to group undertakings||||441,906|51,812|
|Accruals and deferred
income|||275,889|467,220|256,089|455,620|
|Other taxation|and social|security|134,215|515,177|133,930|515,177|
|Obligations
under finance||lease (note 21)|6,086|9,800|6,086|7,930|
|Other creditors|||73,538|58,180|73,539|58,180|
||||849,441|1,379,354|1,269,159|1,415,125|
##
##
|0.Creditors|—Amounts
falling due after one ye|ar|||||
|---|---|---|---|---|---|---|
||||Group||Charity||
|||2023|2022|2023||2022|
|||||6||E|
|Accruals||50,366||50,366|||
|Bank loans|- CBIL|90,000|130,000|90,000||130,000|
|Other loans|- unsecured|250,000|300,000|250,000||300,000|
|Obligations|under finance lease (note 21}|3,975|13,022|3,975||10,061|
|Other creditors||119,696|124,259|119,696||124,259|
|||514,037|567,281|514,037||564,320|
##
|ategory|oft|angible|fixe|d assets and a Citroen van|recognised
wit|h motor vehicles|in fixed assets.|||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group and|Charity|||
||||||Minimum|lease|Present value||of|
||||||payments||minimum|lease||
||||||||payments|||
|||||||2022
6|2023
f||2022
E|
|Within one year|||||10,305|12,712|6,086||9,800|
|Setween|one and||five|years|5,875|20,524|3,975||13,022|
||||||16,180|33,236|10,061||22,822|
|Less: future||finance charges|||(6,119)|(10,414)||||
|Present|value oflease|||obligations|10,061|22,822|10,061||22,822|
|Included|in|the financial statements as:||||||||
|Current|obligations||under finance lease||||6,086||9,800|
|Non-current||obligations||under finance lease|||3,975||13,022|
||||||||10,061||22,822|
|22.Fund balances|22.Fund balances||Balance||||Balance|
|---|---|---|---|---|---|---|---|
||||Brought|Incoming|Resources|Transfers|31 March|
||||Forward|Resources|Expended||2023|
|Group|||||f|||
|Restricted|Funds|||||||
|Other|||59,636|159,490|(13,334)||205,792|
|Unrestricted|Funds|||||||
|General
Unrestricted||Funds|1,732,658|6,357,669|(6,087,357)||2,002,970|
|At 31 March 2023|||1,792,294|6,517,159|(6,100,691)||2,208,762|
||||Balance||||Balance|
||||Brought|Incoming|Resources|Transfers|31 March|
|Group|||Forward
f|Resources|Expended||2022|
|Restricted Funds||||||||
|Other||||64,567|(4,931)||59,636|
|Unrestricted|Funds|||||||
|General
Unrestricted||Funds||5,409,908|(3,677,250)||1,732,658|
|At 31 March|2022|||5,474,475|(3,682,181)||1,792,294|
||||Balance||||Balance|
||||Brought|Incoming|Resources|Transfers|31 March|
||||Forward|Resources|Expended||2023|
|Charity||||||||
|Restricted Funds||||||||
|Other|||59,636|159,490|(13,334)||205,792|
|Unrestricted|Funds|||||||
|General
Unrestricted||Funds|1,535,933|5,536,162|(5,670,027)||1,402,068|
|At 31 March|2023||1,595,569|5,695,652|(5,683,361)||1,607,860|
||||Balance||||Balance|
||||Brought
Forward|Incoming
Resources|Resources
Expended|Transfers|31 March
2022|
|Charity|||6|||||
|Restricted Funds||||||||
|Other||||64,567|(4,931)||59,636|
|Unrestricted|Funds|||||||
|General
Unrestricted||Funds||4,861,829|(3,325,896)||1,535,933|
|At 31 March|2022|||4,926,396|(3,330,827)||1,595,569|
##
##
##
|23.Analysis ofnet a|ssets betwee|n fu|nd|s||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Fixed|Investments|||Current||Liabilities
Total 2023||||
|Group||||assetsf||f||assets
f||||||
|Restricted
Funds||||||||||||||
|Other Funds||||55,792||||150,000||||205,792||
|||||55,792||||150,000||||205,792||
|Other Funds/Reserves||||||||||||||
|Unrestricted
Funds||||546,681|5,000|||2,814,767||(1,363,478)
2,002,970||||
|Total||||602,473|5,000|||2,964,767||(1|363,478)
2,208,762|||
|24.Operating
leases||||||||||||||
|Operating leases where the Group and||||Charity is|lessee|||||||||
|At 31 March 2023 the|total of future|minimum
lease|||payments|under||non-cancellable||operating||leases (including|shop|
|premises) for each of|the following|periods||were as follows:||||||||||
|||||Group|||||Charity|||||
|||||2023
5||2022
f|||2023
KK|||2022
f||
|Not later than one year||||390,048||391,770|||302,000|||302,000||
|Later than one year and not later||||1,298,207|1,332,286|||1,208,000|||1,208,000|||
|than five years||||||||||||||
|Later than five years||||4,483,800|4,785,800|||4,483,800|||4,785,800|||
|||||6,172,055|6,509,856|||5,993,800|||6,295,800|||
|25.Related party transactions||||||||||||||
|There were no related|party transactions||during the year.|||||||||||
|26.Reconciliation
ofnet expenditure|||to net cash||outflow|from|operating||activities|||||
|||||||||||||2023|2022|
||||||||||||||f.|
|Net income for the year||||||||||||416,468|1,792,294|
|Adjustments
for:||||||||||||||
|Depreciation
charges||||||||||||60,922|41,406|
|Interest from investments||||||||||||(524)|(16)|
|Loss/(Profit)
on disposal oftangible||assets||||||||||298|(1,549)|
|Decrease
/ (increase)|in stocks|||||||||||5,523|(37,437)|
|(Increase)
in debtors||||||||||||(59,140)|(491,649)|
|(Decrease)/increase
in creditors|||||||||||(482,265)||1,409,334|
|Net cash (used in)Ireceived from operating activities||||||||||||(58,718)|2,712,383|
|27.Analy|sis ofcash and|cash equivalents|||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||6|
|Cash in hand|||||2,382,064|2,752,810|
|Overdraft|facility repayable|on demand|||||
|Total cash and cash equivalents|||||2,382,064|2,752,810|
|28.Analysis ofchanges||in net funds|||||
||||At|1 April 2022
f|Cash-flaws
5|At 31 March
2023|
|Cash||||2,752,810|(370,746)|2,382,064|
|Loans|falling due in less than one year|||(90,000)||(90,000|
|Loans|falling due after|more than one year||430,000|90,000|340,000|
|||||2,232,810|280,746|1,952,064|