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2022-03-31-accounts

CONTENTS PAGES
Directors'/ Trustees'
report		 1-10
Reference and administrative details
Statement oftrustees' responsibilities 12
Independent auditor's report 13-15
Statement offinancial activities
Balance sheet 17
Statement ofcash flows 18
Notes to the financial statements 19-33

Total employees Total employees 76
Employees on TESG 65
Local authority funded staff 19
Access to Work customers 5
Volunteers 12
Residents 35

Unrestricted Unrestricted
Notes general designated Restricted Total funds Total funds
funds funds funds
2022 2022 2022 2022 2021
INCOMING
RESOURCES
Incoming resources from charitable activities 804,640 804,640 827,934
Incoming resources from other trading
activities		 142,204 142,204 89,212
Incoming resources from donations and legacies 118,740 118,740 495,034
Incoming resources from other income 53,251
TOTAL INCOMING
RESOURCES		 1,065,584 1,065,584 1,465,431
RESOURCES EXPENDED
Expenditure
on raising funds		 9 204,429 204,429 229,010
Expenditure
on charitable
activities		 10 847,863 847,863 791,915
Expenditure
on defined benefit schemes		 21 110„000 110,000 140,000
TOTAL RESOURCES EXPENDED 1,162,292 1,162,292 1,160,925
NET INCOME/ (EXPENDITURE) (96,708) (96,708) 304,506
Reallocation ofdepreciation
charges between funds		 30,291 (30,059) (232)
OTHER RECOGNISED GAINS/(LOSSES)
Actuarial
gains/ (losses) on defined		 benefit schemes 21 341,000 341,000 (59,000)
Other income relating to defined benefit schemes 21 252,000 252,000
NET MOVEMENT
IN FUNDS		 526,583 (30,059) (232) 496,292 245,506
RECONCILIATION
OF FUNDS
Total funds brought forward (1,820,156) 2,769,395 41,890 991,129 745,623
Total funds carried forward (1,293,573) 2,739,336 41,6SB 1,487,421 991,129
Notes 2022 2021
E E
FIXEDASSETS
Tangible assets 3,662,013 3,707,803
3,662,013 3,707,803
CURRENT ASSETS
Stock 13 4,609 7,079
Debtors 14 57,249 62,888
Cash at bank and in hand 304,457 397,948
366,315 467,915
CREDITORS: Amounts faIling due within one year (98,858) (103,609)
NET CURRENT ASSETS 267,457 364,306
TOTAL ASSETS LESSCURRENT UABILITIES 3,929,470 4,072,109
CREDITORS: Amounts falling due after more than one year 17 (872,049) (907,980)
NET ASSETS EXCLUDING PENSION UABILITY 3,057,421 3,164,129
Defined benefit pension scheme liability (1,570,000) (2,173,000)
TOTAL NETASSETS 25 1,487,421 991,129
FUNDS OF THE CHARITY
RESTRICTED FUNDS 22 41,658 41,890
UNRESTRICTED FUNDS
Designated
funds:		 23
Revaluation reserve 2,224,157 2,247,546
Designated funds 515,179 521,849
2,739,336 2,769,395
Unrestricted
general funds		 24 (1,293,573) (1,820,156)
TOTAL UNRESTRICTED FUNDS 1,445,763 949,239
TOTAL FUNDS 1,487,421 991,129

Notes 2022 2021
E
Net cash flow from operating activities 27 (17,766) 392,946
Cash flows from Investing activities
Purchases offixed assets (1,265) (7,639)
Net cash from investing
activities		 (1,265) (7,639)
Cash flows from financing activities
Repayment
ofborrowings		 (74,460) (55,495)
Net cash from financing
activities		 (74,460) (55,495)
Net increase/
(decrease)		 in cash and cash equivalents (93,491) 329,812
Cash and cash equivalents at beginning ofyear 397,948 68,136
Cash and cash equivalents at end ofyear 304,457 397,948
Cash and cash equivalents comprise:
Cash at bank and in hand 304,457 397,948
Bank overdrafts
304,457 397,948

Freehold factory premises factory premises factory premises 1%straight
line basis per annum		 1%straight
line basis per annum		 1%straight
line basis per annum
Freehold bungalows 1Ystraight
line basis per annum
Factory equipment and motor vehicles Four to eight years straight line basis
Restaurant
furniture		 and equipment Four to eight years straight line basis
Fixtures and fittings 10%reducing balance basis per annum
Charity shop furniture and equipment Four to eight years straight line basis

Stock has been valued at the lower ofcost and estimated
selling		 price less costto complete and sell, afer
making due allowance for obsolete and slow-moving
items. Cost		 comprises the costofgoods purchased
valued on a standard
cost basis.
Debtors
Short term debtors are measured
at transaction
price, less impairment.
Creditors
Short term trade creditors are measured
at the transaction
price.		 Other financial liabilities,
including
bank
loans, are measured
initially at fair value, net oftransaction
costs, and		 subsequently
at amo*ised cost.
Taxation
The charitable status ofthe organisation
has been confirmed
and		 the company
is		 not liable to corporation tax
on its surplus orgains to the extent that they are applied for charitable purposes.
Financial instruments
The company
only enters into basic financial
instruments
transactions		 that result in the recognition
offinancial
assets and liabilities
like trade and other accounts receivable
and		 payable, loans from banks and other third
parties, loans to related parties and investments
in non-puttable		 ordinary
shares.
Financial assets are measured
at cost and are assessed at the end		 ofeach reporting
period for objective
evidence ofimpairment.
Where objective evidence ofimpairment		 is found, an impairment
loss is recognised
in profit and loss.
The impairment
loss for financial assets measured
at cost is measured		 as the difference between an asset's
carrying amount
and the best estimate,
which
is an approximation,		 of the amount the company would
receive forthe asset if it were to be sold atthe reporting date.
Financial assets and liabilities are offset and the net amount
reported		 in the balance sheet when there is an
enforceable
right to set offthe recognised
amount
and there is an intention to settle on a net basis orto
realise the asset and settle the liability simultaneously.

2022 2022 2021
f
Incoming resources
Incoming
resources		 from other income 53,251
53,251
Resources expended
Direct costs 3,463
Salaries 24,168
Premises costs 9,478
General expenses 1,412
38,521
NET INCOME/(EXPENDITURE) 14,730
STAFF COSTS 2022 2021
Number Number
Average number of persons employed by the company, including directors,
during the year:
Production 66 70
Sales and distribution 3 5
Administration
and		 management 9 10
78
2022 2021
f E
Staffcosts incurred during the year in respect ofthese employees were:
Wages and salaries 675,219 660,336
Employers
Nl		 19,014 19,622
Pension costs 4,299 4,425
698,532 684,383
INCOME FROM CHARITABLE ACTIVITIES 2022 2021
f E
Rent and charges receivable 242,144 270,999
Charges raised against local authorities:
Bracknell Town Council 20,093 16,846
Wokingham
Borough Council		 12,334 17,617
Hampshire
County Council		 141,734 141,775
Somerset County Council 13,689 13,558
North Yorkshire
County Council		 14,722 15,384
TESG/ Access to Work grants receivable 359„924 351,755
804,640 827,934
INCOME FROIVI OTHER TRADING ACTIVlllES 2022 2021
f. f
Workshop 98,056 80,250
Charity shop 34,477 8,962
Community
pantry		 9,671
142,204 89,212
INCOME FROM DONATIONS AND LEGACIES 2022 2021
E E
Coronavirus
Job Rentention		 Scheme Ik Grants 62,943 380,110
Fundraising 39,127 89,530
Community
pantry		 16,670 25,394
118,740 495,034

Fundraising Community 2022 2021
Workshop Chadty
f		 Shop activities
E		 pantry
E		 Total
F.		 Total
f
Production costs 49,997 49,997 43,518
Salaries 16,404 30,665 946 48,015 76,427
Premises rosts 20,219 13,008 33,227 39,803
General expenses 11,604 1,806 9,707 23.117 22,886
Depreciation 8 amortisation 11,813 11,813 11,378
Support costs 19,235 6,563 5,014 38,260 34,998
129,272 52,042 8,394 14,721 204,429 229,010

Costs in Charges
generating against TESG/ 2022 2021
rental income local authorities Access to Work Total Total
f E E f f
Salaries 7,953 173,056 339,104 520,113 464,117
Premises costs 51,173 51,173 56,879
General expenses 48932 48,532 31,217
Depreciation &amortisation 35,242 35,242 35,344
Interest 39,631 39,631 40,881
Support costs 46,095 38,562 68,515 153,172 163,477
228,626 211,618 407,619 847,863 791,915
Charitable 2022 Z021
Raising funds activities Total Tote I
E F. E E
Legal & professional charges 2,910 11,825 14,735 13„020
Audit & accountancy 1,925 7,825 9,750 13,300
Governance 4,835 19,650 24,485 26,320
Financial adntinistration 7,673 28,870 36,543 28,316
Salaries &related costs 25,752 104,652 130,404 143,839
TOTAL 38,260 153,171 191,432 198,475
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STOCK
2022 2021
f
Raw materials 4,609 7,079
4,609 7,079
DEBTORS
2022 2021
E f
Trade debtors 21,533 18,521
Other debtors 13,813 24,989
Prepayments and accrued income 21,903 19,378
57,249 62,888
All amounts included above are receivable within one year ofthe balance sheet date.
CREDITORS: amounts falling due within one year
2022 2021
E
Banks loans and overdrafts 37,543 36,160
Trade creditors 28,567 30,520
Taxation and socialsecurity 9,701 13,102
Accruals and deferred income 15,347 16,127
Other creditors 7,700 7,700
98,858 103,609

Balance as at 1April 2021 as at 1April 2021 1,185
Amount released to incoming resources from generated funds (1,185)
Amount deferred in year 2,903
Balance as at31 March 2022 2,903

Amounts falling due under operating leases:
2022 2021
E f
Expiring in less than one year 10,800 11,486
Expiring in two to five years
Expiring in more than five years
10,800 11,486
RECEIVABLE LEASES
Amounts receivable under operating leases
2022 2021
E E
Expiring in less than one year 22,620
Expiring in two to five years 90,480
Expiring in more than five years 339,300
452,400

PENSION COMMITMENTS - continued
PRINCIPAL ACTUARIAL ASSUMPTIONS
Discourit rate 2.95SL 2255S
Inflation
(RPI)		 3.35sS 3 DOSL
Inflation
(CPI)		 2.3&i 2 DOPA
Revaluation
in deferment		 2.35trr 2 06%i
Pension increases
RPI {3,5)		 3.35SL 3 Dtng
Pens on increases Fbed 3 3 QOIS 3.00%
Mortality:
Basetable 53PXA SZPXA
Aliovrance for future improvements CMI 2020 [0.556) CMI 2019 [65%]
Present value ofdefined benefit obligation 2,696,000 2,397,000
Fair value of plan assets (520,MQ) (224,000)
Net defined benefit liability 1,570,000 2,173,000
COMPOSITION
OF PlAN ASSETS
ZD21
E
Equities 212,000 1597XO
Cash 306,0M 65,000
Total plan assets 520,000
AMOUNTS RECOGNISED IN THE STATEMENT OF FINANCIAL ACTIVITIES
2021
Included in odministrotfve costs
Expenses paid 96,000
IncfudedinPnonce
costs
Interest on net liability 46,MO
Analysis ofoctuoriof goin inrfuded
in other comprefrensive		 income
Actual return
on plan assets less Interest
Experience losses on liabilities		 21,000
225,060		 (LZ,OM)
23~
Change
in assumptions		 95,000 (70,DOO)
341~ (59,000)
CHANGES IN FAIR VALUE OF PLAN ASSETS
Z621
E
Opening fair value of pter assets 224,000 231,000
Employer contdbutions 120,000 120,000
Otter income* 252,000
Benefits paid [41,000) (31,000)
Expenses paid (64,DOO} (90,600)
Interest income 6,000
Remeasurement
losses on		 assets 21,MO (17,0DO)
224,000
v Other income ofF252,000relating to the defined benent scheme vvas received as compensation
for irregularities		 in earlier years.
CHANGES
IN PRESENT VALUE OF DEFINED BENERT OBUGATION
ZtGZ
f
Opening
defined benefit obligation		 2,397,600 2,325,006
Iilterest cost 54iMO 56,000
Benents paid (41.MO) (31.000)
Remeasurement
[gains)/ losses on defined benefit obligation		 (376,006) 47,000
2,690,000

2022 2021
f
At 1April 2020 41,890 54,702
Charges allocated (232) (12,812)
At 31March 2021 41,658 41,890
Restricted income funds consist ofthe surplus ofdonations received towards the purchase of new
plant and equipment and expenditure on freehold improvements less the annual charge for depreciation in
respect ofthose assets purchased.
DESIGNATED FUNDS
Balance Movement in Balance
1April resources 31March
2021 -outgoing 2022
f f
REVALUATION
RESERVE
Freehold factory premises 402,168 (4,158) 398,010
Freehold bungalows 1,845,378 (19,231) 1,826,147
2,247,546 (23,389) 2,224,157
DESIGNATED FUNDS
Freehold factory premises 107,588 (1,479) 106,109
Freehold
bungalows		 414,261 (5,191) 409,070
521,849 (6,670) 515,179
TOTAL DESIGNATED FUNDS 2,769,395 (30,059) 2,739,336

UNRESTR ICTED GENERAL FUNDS
2022 2021
f
At 1April 2021 (1,820,156) (2,108,533)
Surplus/ (deRcit) ofincome over expenditure for the year 526,583 288,377
At 31March 2022 (1,293„573) (1,820,156)

Unrestricted Unrestricted
general designated Restricted Total
funds funds funds funds
E E f
Fixed assets 881,019 2,739,336 41,658 3,662,013
Current assets 366,315 366,315
Current
liabilities		 (98,858) (98,858)
Liabilities due after more than one year (2,442,049) (2,442,049)
(1,293,573) 2,739,336 41,658 1I487,421
STATEMENT OF FINANCIAL ACTIVITIES- COMPARATIVE FIGURES BYFUND-TYPE
Unrestricted Unrestricted
general designated Restricted Total
funds funds funds funds 2021
6 E 6
INCOMING
RESOURCES
Incoming resources from charitable activities 827,934 827,934
Incoming resources from other trading activities 89,212 89,212
Incoming resources from donations and legacies 495,034 495,034
Incoming resources from other income 53,251 53,251
Total incoming resources 1,465,431 1,465,431
RESOURCES EXPENDED
Expenditure
on		 raising funds 229,010 229,010
Expenditure
on		 charitable
activities		 791,915 791,915
Expenditure
on		 defined benefit schemes 140,000 140,000
Total resources expended 1,160,925 1,160,925
Net incoming
resources before transfers		 304„506 304,506
Reallocation of depredation
charges		 42,871 (30,059) (12,812)
between
funds
Other comprehensive
income
Actuarial
losses		 on defined benefit plans (59,000) (59,000)
Net movement in funds forthe year 288,377 (30,059) (12,812) 245,506
Total funds at1April 2020 (2,108,533) 2,799,454 54,702 745,623
Total funds at31March 2021 (1,820,156) 2,769,395 41,890 991,129

2022 2021
f f
Net income/ (expenditure) for the year (96,708) 304,506
Adjustments for:
Depreciation 47,055 46,722
Interest 39,631 40,881
Net pension expense (10,000) 20,000
(Increase)/ decrease in stocks 2,470 5,530
(Increase)/ decrease in debtors 5,639 53,168
Increase/ (decrease) in creditors (5,853) (77,861)
(17,766) 392,946

At 1April 2021 Cash flows Other non-cash At 31March 2022
changes
f f
Cash and cash equivalents
Cash 397,948 (93,491) 304,457
397,948 (93,491) 304,457
8orrowings
Debt due within one year (36,160) 36„160 (37,543) (37,543)
Debt due after one year (907,980) 38,300 (2,369) (872,049)
(944,140) 74,460 (39,912) (909,592)
(546,192) (19,031) (39,912) (605,135)