# 



## 

|||Page|
|---|---|---|
|Reference and administrative<br>details ofthe Charity,|its Trustees and advisers||
|Trustees'<br>report||2-8|
|Trustees' responsibilities<br>statement|||
|Independent<br>auditors'<br>report on the financial statements||10 - 14|
|Consolidated<br>statement<br>offinancial activities||15|
|Consolidated<br>balance sheet||16|
|Charity balance sheet||17-18|
|Consolidated<br>statement<br>ofcash flows||19|
|Notes to the financial statements||20-38|





## 

|Trustees||Mr M Elms, Chair||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Mrs CJ Breuning|(resigned||||25 October 2022)|||||||
|||Rev TW Russoff|(resigned|||25 October 2022)||||||||
|||Rev SAllaby||||||||||||
|||Mrs RJ Steeden|(resigned|||22 October 2021)||||||||
|||Mrs ASAllchorn|(appointed||||17June 2021,|||resigned 25||October 2022)||
|||Mr RJames (appointed|||4 October|||2021)||||||
|||Mr T H Rayner (resigned 31|||||January||2022)|||||
|||Mr SSmith (appointed|||8June 2022)|||||||||
|Charity registered||||||||||||||
|number||221462||||||||||||
|Principal office||BizSpace Littlehampton||||||||||||
|||50 Courtwick<br>Lane||||||||||||
|||Littlehampton||||||||||||
|||West Sussex||||||||||||
|||BN17 7TL||||||||||||
|Registered||Suite<br>1 Branbridges||Industrial|||Estate|||||||
|office||Branbridges<br>Road||||||||||||
|||East Peckham||||||||||||
|||Tonbridge||||||||||||
|||TN12 5HF||||||||||||
|Chief executive officer||Mr AJ Hare (resigned|||31 October|||2022)||||||
|Other key management||Mr P TArkinstall,|Chief||Partnership||||Officer|(transferred||to Yeomans Press Ltd||
|personnel||1 July 2022)||||||||||||
|||Mr SSmith, Chief|Creative|||Officer||(transferred|||to Yeomans Press Ltd||1 May 2022)|
|Independent|auditors|Kreston Reeves LLP||||||||||||
|||Chartered<br>Accountants||||||||||||
|||9 Donnington<br>Park||||||||||||
|||85 Birdham<br>Road||||||||||||
|||Chichester||||||||||||
|||West Sussex||||||||||||
|||PO20 7AJ||||||||||||
|Bankers||Barclays Corporate||||||||||||
|||PO Box165||||||||||||
|||Crawley||||||||||||
|||West Sussex||||||||||||
|||RH10 1YX||||||||||||
|Solicitors (Property)||Bate 8 Albon Solicitors||||||||||||
|||4-8 Broadwater Street|||East|||||||||
|||Worthing||||||||||||
|||West Sussex||||||||||||
|||BN14 9AA||||||||||||
|Solicitors (General)||Edward Connor Solicitors||||||||||||
|||39The Point||||||||||||
|||Market Harborough||||||||||||
|||Leicestershire||||||||||||
|||LE167QU||||||||||||





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|||||||Total|
|---|---|---|---|---|---|---|
|||||Unrestricted|Total|funds|
|||||funds|funds|2 months|
|||||Year ended|Year ended|ended|
|||||31 December|31 December|31 December|
|||||2021|2021|2020|
||||Note||||
|Income from:|||||||
|Donations<br>and|legacies|||7,096|7,096|1,878|
|Charitable<br>activities||||1,603,977|1,603,977|310,784|
|Total income||||1,611,073|1,611,073|312,662|
|Expenditure<br>on:|||||||
|Raising funds||||38,226|38,226|6,403|
|Charitable<br>activities||||1,703,705|1,703,705|241,939|
|Total expenditure||||1,741,931|1,741,931|248,342|
|Net movement|in funds|||(130,858)|(130,858)|64,320|
|Reconciliation|offunds:||||||
|Total funds brought||forward||187,595|187,595|123,275|
|Net movement|in funds|||(130,858)|(130,858)|64,320|
|Total funds carried forward||||56,737|56,737|187,595|





## 

## 

## 

|||||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Mote||||||
|Fixed assets|||||||||||||
|Tangible assets||||||||||111,263||170,871|
|||||||||||111,263||170,871|
|Current assets|||||||||||||
|Stocks|||||||14|41,723|||30,653||
|Debtors|||||||15|178,426|||105,398||
|Cash at bank and in hand||||||||44,599|||243,357||
|||||||||264,748|||379,408||
|Creditors: amounts|falling|due within one|||||||||||
|year|||||||16|(252,402)|||(274,922)||
|Net current assets||||||||||12,346||104,486|
|Total assets less current||liabilities||||||||||275,357|
|Creditors: amounts|falling|due after more|||||||||||
|than one year|||||||17|||(66,872)||(87,762)|
|Net assets excluding<br>pension asset||||||||||56,737||187,595|
|Total net assets||||||||||56,737||187,595|
|Charity funds|||||||||||||
|Restricted<br>funds|||||||19||||||
|Unrestricted<br>funds|||||||19|||56,737||187,595|
|Total funds||||||||||56,737||187,595|
|The Trustees consider that|||the company|is entitles to exemption|||||from the requirement||to have an audit|under the|
|provisions<br>ofsection 477||ofthe Companies|||Act||2006 ("the Act") and members<br>have||||not required the company to||
|obtain an audit for|the 12month<br>period|||in|question|||in accordance with section 476 ofthe Act. However,||||an audit|
|is required<br>in accordance||with section 151|||of|the Charities Act2011.The||||company's|financial statements<br>were||
|prepared<br>in accordance||with the provisions||||applicable to companies<br>subject to the small companies<br>regime.|||||||
|The Trustees<br>acknowledge|||their responsibilties||||for|complying|with the|requirements|of the Act with respect ta||
|aocounting<br>records|and the||preparation|of|financial statements.||||||||



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## 

|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
|||||Note|||||
|Fixed assets|||||||||
|Tangible assets||||12||111,263||170,871|
|Investments||||13||1||1|
|||||||111,264||170,872|
|Current assets|||||||||
|Stocks||||14|41,723||30,653||
|Debtors||||15|111,555||63,158||
|Cash at bank and|in hand||||38,576||202,427||
||||||191,854||296,238||
|Creditors: amounts|falling||due within one||||||
|year||||16|(217,074)||(254,247)||
|Net current<br>liabilities||Iassets||||(25,220)||41,991|
|Total assets less|current||liabilities|||86,044||212,863|
|Creditors: amounts|falling||due after more||||||
|than one year||||17||(66,872)||(87,762)|
|Net assets excluding||pension asset||||19,172||125,101|
|Total net assets||||||19,172||125,101|
|Charity funds|||||||||
|Restricted<br>funds||||19|||||
|Unrestricted<br>funds||||19||19,172||125,101|
|Total funds||||||19,172||125,101|





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## 



|For the year ended 31 De|cember 2021||||
|---|---|---|---|---|
|||||2 months|
||||Year ended|ended|
||||31|31|
||||December|December|
||||2021|2020|
|||||F|
|Cash flows from operating|activities||||
|Net cash used<br>in operating|activities||(163,911)|79,978|
|Cash flows from investing|activities||||
|Purchase oftangible<br>fixed assets|||(5,916)||
|Net cash (used in)/provided<br>by investing||activities|(5,916)||
|Cash flows from financing|activities||||
|Repayments<br>of borrowing|||(3,333)||
|Repayments<br>offinance leases|||(25,598)|(6,118)|
|Net cash used in financing|activities||(28,931)|(6,118)|
|Change<br>in cash and cash|equivalents<br>in|the year|(198,758)|73,860|
|Cash and cash equivalents|at the beginning|ofthe year|243,357|169,497|
|Cash and cash equivalents|at the end of|the year|44,599|243,357|
|The notes on pages 20 to 38 form part ofthese financial statements|||||





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||||Total|
|---|---|---|---|
||Unrestricted|Total|funds|
||funds|funds|2 months|
||Year ended|Year ended|ended|
||31|31|31|
||December|December|December|
||2021|2021|2020|
||||F|
|Donations|7,096|7,096|1,878|
|Total 2020|1,878|1,878||



## 

|||||||Total|
|---|---|---|---|---|---|---|
|||||Unrestricted|Total|funds|
|||||funds|funds|2 months|
|||||Year ended|Year ended|ended|
|||||31|31|31|
|||||December|December|December|
|||||2021|2021f|2020|
|Income from charitable|activities -Printing,|publishing,|digital||||
|and creative||||1,603,977|1,603,977|310,784|
|Total 2020||||310,784|310,784||





||||Total|
|---|---|---|---|
||Unrestricted|Total|funds|
||funds|funds|2 months|
||Year ended|Year ended|ended|
||31|31|31|
||December|December|December|
||2021|2021|2020|
||||F|
|Marketing|38,226|38,226|6,403|
|Total 2020|6,403|6,403||



## 

||||Unrestricted||Total|
|---|---|---|---|---|---|
||||funds|Total|2 months|
||||Year ended|Year ended|ended|
||||31|31|31|
||||December|December|December|
||||2021|2021|2020|
|Printing,|publishing,|digital and creative|1,700,972|1,700,972|241,939|
|Direct costs - Activity||3|2,733|2,733||
||||1,703,705|1,703,705|241,939|
|Total 20|20||241,939|241,939||





## 

||||||||Total|
|---|---|---|---|---|---|---|---|
||||Staff costs|Depreciation|Other costs|Total|2 months|
||||Year ended|Year ended|Year ended|Year ended|ended|
||||31|31|31|31|31|
||||December|December|December|December|December|
||||2021|2021|2021|2021|2020|
||||||||F|
|Printing,|publishing,|digital and||||||
|creative|||565,969|65,525|1,069,478|1,700,972|241,939|
|Direct costs - Activity||3|||2,733|2,733||
||||565,969|65,525|1,072,211|1,703,705|241,939|
|Total 2020|||90,280|10,832|140,827|241,939||



||||Activities|||Total|
|---|---|---|---|---|---|---|
||||undertaken|Support|Total|funds|
||||directly|costs|funds|2 months|
||||Year ended|Year ended|Year ended|ended|
||||31|31|31|31|
||||December|December|December|December|
||||2021|2021|2021|2020|
|Printing,|publishing,|digital and creative|1,263,253|437,719|1,700,972|241,939|
|Direct costs - Activity||3|2,733||2,733||
||||1,265,986|437,719|1,703,705|241,939|
|Total 2020|||164,540|77,399|241,939||





## 

|||Printing,||||
|---|---|---|---|---|---|
|||publishing,||||
|||digital and|||Total|
|||creative-||Total|funds|
|||Direct costs|Activity 3|funds|2 months|
|||Year ended|Year ended|Year ended|ended|
|||31|31|31|31|
|||December|December|December|December|
|||2021|2021|2021|2020|
||||||F|
|Staff costs||476,565||476,565|79,176|
|Other direct costs||786,477||786,477|85,364|
|Charitable|Donations|211|2,733|2,944||
|||1,263,253|2,733|1,265,986|164,540|
|Total 2020||164,540||164,540||



|||||Printing<br>and||Total|
|---|---|---|---|---|---|---|
|||||publishing-|Total|funds|
|||||Direct costs|funds|2 months|
|||||Year ended|Year ended|ended|
|||||31|31|31|
|||||December|December|December|
|||||2021|2021|2020|
|||||||F|
|Staff costs||||89,404|89,404|11,104|
|Depreciation||||65,525|65,525|10,832|
|Office costs||||174,932|174,932|31,782|
|Repairs, renewals||and equipment|hire|5,149|5,149|1,255|
|Finance costs||||24,812|24,812|10,245|
|Legal and professional||||62,354|62,354|8,830|
|Marketing||||49|49|49|
|Governance|costs|||15,494|15,494|3,302|
|||||437,719|437,719|77,399|
|Total 2020||||77,399|77,399||





## 

## 

|||||||||2 months|
|---|---|---|---|---|---|---|---|---|
||||||||Year ended|ended|
||||||||31|31|
||||||||December|December|
||||||||2021|2020|
|||||||||F|
|Fees payable|to the|Charity's||auditor|for the audit ofthe Charity's|annual|||
|accounts|||||||11,000||
|Fees payable|to the|Charity's||auditor|in respect of:||||
|Independent|examination||services|||||2,260|
|Other accountancy||services|||||4,494|1,000|



## 

||||||Group||Charity|
|---|---|---|---|---|---|---|---|
|||||Group|2 months|Charity|2 months|
|||||Year ended|ended|Year ended|ended|
|||||31|31|31|31|
|||||December|December|December|December|
|||||2021|2020|2021|2020|
||||||||F|
|Wages and|salaries|||496,430|79,447|453,845|72,298|
|Social security costs||||41,067|6,533|41,067|6,533|
|Contribution|to defined|contribution|pension|||||
|schemes||||28,472|4,300|28,472|4,300|
|||||565,969|90,280|523,384|83,131|



|||Group||Charity|
|---|---|---|---|---|
||Group|2 months|Charity|2 months|
||Year ended|ended|Year ended|ended|
||31|31|31|31|
||December|December|December|December|
||2021|2020|2021|2020|
||No.|No.|No.|No.|
|Total|21|21|21|21|





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||Long-term|||||
|---|---|---|---|---|---|
||leasehold|Plant and|Fixtures and|Computer||
||property|machinery|fittings|equipment|Totalf|
|Cost or valuation||||||
|At 1 January 2021|76,406|430,229|5,214|44,061|555,910|
|Additions||5,150||766|5,916|
|At 31 December 2021|76,406|435,379|5,214|44,827|561,826|
|Depreciation||||||
|At 1 January 2021|17,395|338,662|4,197|24,785|385,039|
|Charge for the year|7,696|43,785|502|13,541|65,524|
|At 31 December 2021|25,091|382,447|4,699|38,326|450,563|
|Net book value||||||
|At 31 December 2021|51,315|52,932|515|6,501|111,263|
|At 31 December 2020|59,011|91,567|1,017|19,276|170,871|





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## 

## 

||The financial|results ofth|e subsidiary<br>for t|he year were:|||||
|---|---|---|---|---|---|---|---|---|
||Name|||Income|Expenditure<br>Profit/(Loss)<br>/ Surplus/|||Net assetsf|
||||||||(Deficit) for||
||||||||the year||
||Funeral Service Journal||Ltd (Formerly|239,373||(202,245)|37,128|37,566|
||Heritage Studios Limited)||||||||
|14.|Stocks||||||||
|||||Group||Group|Charity|Charity|
||||||2021|2020|2021|2020|
|||||||||F|
||Finished goods and goods for resale|||41,723||30,653|41,723|30,653|
|15.|Debtors||||||||
|||||Group||Group|Charity|Charity|
||||||2021|2020|2021f|2020|
||Due within one year||||||||
||Trade debtors|||146,883||70,407|95,196|29,553|
||Other debtors|||||20,413||20,413|
||Prepayments|and accrued income||31,543||14,578|16,359|13,192|
|||||178,426||105,398|111,555|63,158|





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|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
||||||E||F|
|Bank loans||||10,000|10,000|10,000|10,000|
|Trade creditors||||111,509|58,152|99,972|55,953|
|Amounts<br>owed to group undertakings||||||8,245|32,094|
|Other taxation and|social security|||34,470|27,067|28,527|24,009|
|Obligations<br>under finance lease and hire||||||||
|purchase<br>contracts||||17,556|25,597|17,556|25,597|
|Other creditors||||160|2,000||1,744|
|Accruals and deferred<br>income||||78,707|152,106|52,774|104,850|
|||||252,402|274,922|217,074|254,247|
|||||Group|Group|Charity|Charity|
|||||2021|2020|2021f|2020|
|Deferred<br>income at||1 January 2021||50,258|50,020|23,880|23,880|
|Resources deferred||during the year||24,755|238|||
|Amounts<br>released|from previous||periods|(50,258)||(23,880)||
|||||24,755|50,258||23,880|





## 

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## 

||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
|||||E||F|
|Bank loans|||36,667|40,000|36,667|40,000|
|Net obligations||under finance lease and|hire||||
|purchase|contracts||30,205|47,762|30,205|47,762|
||||66,872|87,762|66,872|87,762|
|Included<br>within||the above are amounts|falling due as follows:||||



|Included<br>within the above are amounts<br>fal|ling due as follows:||||
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||2021|2020|2021f|2020|
|Between one and two years|||||
|Bank loans|10,000|10,000|10,000|10,000|
|Between two and five years|||||
|Bank loans|26,667|30,000|26,667|30,000|



## 

|||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
||||||||||F|
|Financial|assets|||||||||
|Financial|assets|measured|at|amortised|cost|44,599|243,357|38,576|202,427|





## 

## 

|Statemen|t of|funds|-current year|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||||Balance at 1|||31|
|||||January|||December|
|||||2021|Income|Expenditure|2021f|
|Unrestricted||funds||||||
|General|Funds - all||funds|187,595|1,611,073|(1,741,931)|56,737|
|Statement of||funds|- prior year|||||
||||||||Balance at|
|||||Balance at|||31|
|||||1 November|||December|
|||||2020|Income|Expenditure|2020|
|||||||F||
|Unrestricted||funds||||||
|Reserves||||123,275|312,662|(248,342)|187,595|



## 

|Summary|offunds|-current year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||||Balance at 1|||31|
||||January|||December|
||||2021|Income|Expenditure|2021|
|General funds|||187,595|1,611,073|(1,741,931)|56,737|
|Summary|offunds|-prior year|||||
|||||||Balance at|
||||Balance at|||31|
||||1 November|||December|
||||2020|Income|Expenditure|2020|
||||||F|F|
|General funds|||123,275|312,662|(248,342)|187,595|





## 

## 

## 

|Analysis|ofn|et assets between funds - current year|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2021|2021f|
|Tangible|fixed|assets|111,263|111,263|
|Current|assets||264,748|264,748|
|Creditors|due|within one year|(282,607)|(282,607)|
|Creditors|due|in more than one year|(36,667)|(36,667)|
|Total|||56,737|56,737|



|Analysis|ofn|et assets between<br>funds -prior year|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
||||F||
|Tangible|fixed|assets|170,871|170,871|
|Current|assets||379,408|379,408|
|Creditors|due|within one year|(274,922)|(274,922)|
|Creditors|due|in more than one year|(87,762)|(87,762)|
||||187,595|187,595|



## 



## 

|For t|he year ended 31|Dece|Dece|mber 2021|mber 2021|mber 2021|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|22.|Reconciliation<br>of|net||movement|||in funds||to|net|cash|flow|from operating||activities||
|||||||||||||||||Group|
||||||||||||||||Group|2 months|
||||||||||||||||Year ended|ended|
||||||||||||||||2021|2020|
|||||||||||||||||F|
||Net<br>income/expenditure||||for|the|year|(as||per|Statement||of|Financial|||
||Activities)||||||||||||||(130,858)|64,320|
||Adjustments<br>for:||||||||||||||||
||Depreciation<br>charges||||||||||||||65,524|10,833|
||Increase<br>in stocks||||||||||||||(13,803)|(346)|
||Decrease/(increase)||in debtors||||||||||||(89,245)|66,138|
||Increase/(decrease)||in|creditors|||||||||||1,738|(60,966)|
||Net cash provided|by/(used||||in)|operating||activities||||||(166,644)|79,979|
|23.|Analysis ofcash|and||cash equivalents|||||||||||||
||||||||||||||||Group|Group|
||||||||||||||||2021f|2020|
||Cash<br>in hand||||||||||||||44,599|243,357|
||Total cash and cash equivalents||||||||||||||44,599|243,357|
|24.|Analysis ofchanges|||in|net debt||||||||||||
|||||||||||||At 1|||Other non-|At 31|
||||||||||||January||||cash|December|
|||||||||||||2021|Cash flows||changes|2021|
||Cash at bank and|in|hand||||||||243,357|||(198,758)||44,599|
||Debt due within<br>1 year||||||||||(10,000)|||3,333|(3,333)|(10,000)|
||Debt due after<br>1 year||||||||||(40,000)||||3,333|(36,667)|
||Finance leases||||||||||(73,359)|||25,598||(47,761)|
||||||||||||119,998|||(169,827)||(49,829)|



## 



## 

## 

|Operating<br>lease commitments|Operating<br>lease commitments||||||||
|---|---|---|---|---|---|---|---|---|
|At 31 December 2021 the Group||and the|Charity|had no commitments<br>to make future<br>minimum||||lease|
|payments|under non-cancellable|operating|leases|as follows:|||||
|||||Group|Group|Charity||Charity|
|||||2021|2020|2021||2020|
|||||||||F|
|Not later than<br>1 year||||24,193|50,000|24,193||50,000|
|Later than|1 year and not later than 5years||||75,000|||75,000|
|||||24,193|125,000|24,193|125,000||



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