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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|
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||||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|
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|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|
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|STAFF COSTS||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||Number|Number|
|Average number|of|persons employed|by the company,|including|directors,|||
|during the year:||||||||
|Production||||||62|66|
|Sales and distribution||||||3|3|
|Administration|and|management||||7|9|
|||||||72|78|
|||||||2023|2022|
|||||||f||
|Staff costs incurred||during the year in|respect ofthese|employees|were:|||
|Wages and salaries||||||636,214|675,219|
|Employers
Ni||||||14,302|19,014|
|Pension costs||||||4,096|4,299|
|||||||654„612|698,532|
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|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|
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|STOCK||||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Raw materials||4,606|4,609|
|||4,eoe|4,609|
|DEBTORS||||
|||2023|2022|
|||f|E|
|Trade debtors||31,418|21,533|
|Other debtors||53,924|13,813|
|Prepayments|and accrued income|12,224|21,903|
|||97,566|57,249|
|||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|
|---|---|---|---|---|---|
|||||E|f|
|Bank|loans|and|overdrafts|854,056|872,049|
|||||854,056|872,049|
|||||2023|2022|
|---|---|---|---|---|---|
|||||f||
|Bank|loans|and|overdrafts|727,811|706,252|
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|||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|
||2023||2022||
|---|---|---|---|---|
||f||E||
|At 1April 2022||41,658||41.,890|
|Charges allocated||(232)||(232)|
|At 31March 2023||41,426||41,658|
##
|||Balance||Movement|in|Balance|
|---|---|---|---|---|---|---|
|||1April||Iesoufces||31March|
|||2022
6||-outgoing
E||2023
f|
|REVALUATION
RESERVE|||||||
|Freehold|factory premises||398,010||(4,158)|393,852|
|Freehold|bungalows||1,826,147||(19,231)|1,806,916|
||||2,224,157||(23,389)|2,200,768|
|DESIGNATED FUNDS|||||||
|Freehold|factory premises||106,109||(1,479)|104,630|
|Freehold|bungalows||409,070||(5,191)|403,879|
||||515,179||(6,670)|508,509|
|TOTAL DESIGNATED FUNDS|||2,739,336||(30,059)|2,709,277|
##
|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|
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