2023-03-31-accounts - Yateley Industries For The Disabled Limited

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Directors'/ Trustees' report	1-11
Reference and administrative details	12
Statement of trustees' responsibilities
Independent auditor's report	14-16
Statement offinancial activities	17
Balance sheet
Statement ofcash flows	19
Notes to the financial statements	20-34

			Unrestricted	Unrestricted
		Notes	general	designated	Restricted	Total funds	Total funds
			funds	funds	funds
			2023	2023	2023	2023	2022
INCOMING RESOURCES
Incoming resources from charitable	activities		781,914			781,914	804,640
Incoming resources from other trading activities			187,902			187,902	142,204
Incoming resources from donations	and legacies		96,374			96,3?4	118,740
TOTAL INCOMING RESOURCES			1,066,190			1,066,190	1,065,584
RESOURCES EXPENDED
Expenditure on raising funds		8	224,705			224,705	204,429
Expenditure on chadtable activities		9	792,253			792,253	847,863
Expenditure on defined benefit schemes		20	165,000			165,000	110,000
TOTAL RESOURCES EXPENDED			1,181,958			1,181,958	1,162,292
NET INCOME/ (EXPENDITURE)			(115,768)			(115,768)	(96,708)
Reallocation ofdepreciation charges between funds			30,291	(30,059)	(232)
OTHER RECOGNISED GAINS/(LOSSES)
Actuarial gains/(losses) on defined	benefit schemes	20				339,000	341,000
Other income relating to defined benefit schemes		20					252,000
NET MOVEMENT IN FUNDS			253,523	(30,059)	(232)	223,232	496,292
RECONCILIATION OF FUNDS
Total funds brought forward Total funds carried forward			(1,293,573) (1,040,050)	2,739,336 2,709,277	41,658 41,426	1,487,421 1,710,653	991,129 1,487,421

				Notes	2023	2022
					f	f
Net cash flow from operating activities				27	(10,067)	(17,766)
Cash flows from investing		activities
Purchases offixed assets					(1,963)	(1,265)
Net cash from investing	activities				(1,963)	(1,265)
Cash flows from financing		activities
Repayment of borrowings					(74,460)	(74,460)
Net cash from financing	activities				(74,460)	(74,460)
Net increasej (decrease)		in cash and cash equivalents			(86,490)	(93,491)
Cash and cash equivalents		at beginning	ofyear		304,457	397,948
Cash and cash equivalents		at end ofyear			217,967	304,457
Cash and cash equivalents		comprise:
Cash at bank and in hand Bank overdrafts					217,967	304,457
					217,967	304,457

Freehold factory premises	Freehold factory premises	Freehold factory premises	1%%dstraight line basis per annum	1%%dstraight line basis per annum
Freehold bungalows			1%straight 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

INCOME FROM CHARITABLE	INCOME FROM CHARITABLE	ACTIVITIES	2023	2022
			f	f
Rent and charges receivable			235,079	242,144
Charges raised against local		authorities:
Bracknell Town Council			29,673	20,093
Wokingham Borough Council			20,957	12,334
Hampshire County Council			154,731	141,734
Somerset County Council			14,585	13,689
North Yorkshire County Council			17,970	14,722
TESGjAccess to Work grants		receivable	308,919	359,924
			781,914	804,640
INCOIVIE FROM OTHER TRADING ACTIVITIES			2023	2022
			f	f
Workshop			138,166	98,056
Charity shop			29,505	34,477
Community pantry			20,231	9,671
			187,902	142,204
INCOME FROM DONATIONS		AND LEGACIES	2023	2022
			f	f
Coronavirus Job Rentention	Scheme 5Grants			62,943
Fundraising			58,766	39,127
Community pantry			37,608	16,670
			96,374	118,740

		2023	2022
		E	f
Banks loans and overdrafts		25,941	37,543
Trade creditors		37,118	28,567
Taxation and social security		3,199	9,701
Accruals and deferred	income	32,533	15,347
Other creditors			7,700
		98,791	98„858

Balance	as at 1April 2022	as at 1April 2022			2,903
Amount	released	to incoming	resources from generated	funds	(2,903)
Amount	deferred	in year			2,139
Balance	as at 31	March 2023			2,139

				2023	2022
				f
Bank	loans	and	overdrafts	727,811	706,252

		2Q23	2022
Discount rate		4.7556	2.9536
Inflation (RPI)		3.0596	3.35%
Inflation (CPI)		2.0516	2.35%
Revaluation in deferment		2.0536	2.3536
Pension increases	RPI (3,5)	3.0556	3.3536
Pension increases	Fixed 3	3.00a	3.0056
Mortality:
Basetable		53PXA	53PXA
Allowance for future improvements		CMI 2021[0.596]	CMI 2020 [0.556]
		2023	20Z2
		f	E
Present value of	defined benefit obligation	1,775,000	2,090,000
Fair value of plan	assets	(499,000)	(520,000)
Net defined benefit liability		1,276,000	1,570,000

COMPO	SITIQN O	F PLAN	ASSETS
						2023		2022
						f		f
Equities							201,000	212,000
Cash							298,000	308,000
Total plan assets							499,000	520,000
AMOUNTS RECOGNISED			IN THE STATEMENT QF FINANCIAL ACTIVITIES
						2023		2022
						f		f
included	in adminisrrotive		costs
Expenses paid							120,000	64,00Q
							120,000	64,000
Includedin finance costs
Interest	on net liability							46,000
							45,000	46,QOQ
Analysis	ofactuarial gain		includedin	other comprehensive	income
Actual return on		plan assets less irterest					12,000	21,000
Experience losses on liabiiities							(28,00Q)	225,000
Change	in assumptions						355,000	95,QOQ
							339,000	341,000
CHANGES IN FAIR VALUE			OF PLAN	ASSETS
						2023		2022
						f		f
Opening	fair value of plan		assets				520,000	224,000
Employer contributions							120,000	120,000
Other income*								252,000
Benefits	paid						(48,QOO)	(41,00oj
Expenses paid						(120,000)		(64,000)
Interest	income						15,000	8,000
Remeasurement		losses on assets					12,000	21,000
							499,000	520,000
*Other	income off252,000 relating to the defined benefit				scheme was received as compensation		for irregularities	in earlier years.
CHANGES IN PRE5ENT VALUE OF DEFINED BENEFIT OBLIGATION
						2023		2022
								f
Opening	defined	benefit obligation				2,090,000		2,397,000
Interest	cost						60,00O	54,000
Benefits	paid						(48,000)	(41,000)
Remeasurement		(gains)/	losses on defined benefit obligation			(327,000j		(320,000j
						1,775,000		2,090„000

UNRESTR	ICTED GENERAL FUNDS
			2023	2022
			f	E
At 1April	2022		(1,293,573)		(1,820,156)
Surplus/	(deficit) ofincome over expenditure	for the year	253,523		526,583
At 31March 2023			(1,040,050)		(1,293,573)

		Unrestricted	Unrestricted
		general	designated	Restricted	Total
		funds	funds	funds	funds
			f	f	F
Fixed assets		868,658	2,709,277	41,426	3,619,361
Current assets		320,139			320,139
Current liabilities		(98,791)			(98,791)
Liabilities due after more than one	year	(2,130,056)			(2,130,056)
		(1,040,050)	2,709,277	41,426	1,710,653
STATEMENT OF FINANCIAL ACTIVITIES- COMPARATIVE		FIGURES BYFUND-TYPE
		Unrestricted	Unrestricted
		general	designated	Restricted	Total
		funds	funds	funds	funds 2022
		f	f	f	f
INCOIVIING RESOURCES
Incoming resources from charitable	activities	804,640			804,640
Incoming resources from other trading activities		142,204			142,204
Incoming resources from donations	and legacies	118,740			118,740
TOTAL INCOMING RESOURCES		1,065,584			1,065,584
RESOURCES EXPENDED
Expenditure on raising funds		204,429			204,429
Expenditure on charitable activities		847,863			847,863
Expenditure on defined benefit schemes		110,000			110,000
TOTAL RESOURCES EXPENDED		1,162,292			1,162,292
NET INCOME/ (EXPENDITURE)		(96,708)			(96,708)
Reallocation ofdepreciation charges between funds		30,291	(30,059)	(232)
OTHER RECOGNISED GAINS/ (LOSSES)
Actuarial losses on defined benefit plans Other income relating to defined benefit schemes		341,000 252,000			341,000 252,000
NET MOVEMENT IN FUNDS		526„583	(30,0S9)	(232)	496,292
Total funds at 1April 2021		(1,820,156)	2,769,395	41,890	991,129
Total funds at 31March 2022		(1,293,573)	2,739,336	41,658	1,487,421