| Page | Page | |||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 | |
| Independent Examiner's |
Report | |||
| Statement of Financial | Activities | |||
| Balance Sheet | ||||
| Cash Flow Statement | ||||
| Notes to the Cash Flow | Statement | 10 | ||
| Notes tothe Financial Statements | 11 | to | 18 | |
| Detailed Statement of Financial Activities | 19 | to | 20 |
| Charity registration | Charity registration | Charity registration | number: 257238 | number: 257238 | number: 257238 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company | registration | number: 5105654 | |||||||||
| Registered | Office and Operational | address | |||||||||
| 85 Middleton | Road | ||||||||||
| Manchester | |||||||||||
| M8 4JY | |||||||||||
| Life President: | Nigel Alliance OBE | ||||||||||
| Vice Presidents: | Robert I Frankl |
||||||||||
| L Ronnie Levene | |||||||||||
| Lillian Simons | |||||||||||
| Brian White | |||||||||||
| Chaplain: | Rabbi Jonathan | Guttentag | |||||||||
| Management | Council | L Ronnie Levene | Chairman Executive |
Member | |||||||
| Michael Moore | Deputy | Chairman | |||||||||
| Michael Hart |
Hon Treasurer | ||||||||||
| Melissa Chapman | Hon Secretary | ||||||||||
| Philip Braunstein | Executive member | ||||||||||
| Margaret Clarke |
Executive member | ||||||||||
| Judith Fiddler |
Executive member | ||||||||||
| Suzanne Kaye |
Executive member | ||||||||||
| David Lewis | Executive member | ||||||||||
| Jeff Lewis | Executive member | ||||||||||
| Barbara Bernstein | |||||||||||
| Rosalind Levene | |||||||||||
| Simon Nelson | |||||||||||
| Benjamin Senior |
|||||||||||
| Brian White | |||||||||||
| Michael White | |||||||||||
| Giselle Williams | |||||||||||
| Directors. | Philip Braunstein | Resigned 28 April 2023 | |||||||||
| Michael Hart |
|||||||||||
| L Ronnie Levene | |||||||||||
| Jeff Lewis | |||||||||||
| Michael Moore |
|||||||||||
| Brian White | |||||||||||
| Company | Secretary: | Philip Braunstein | Resigned 28 April 2023 | ||||||||
| Senior Management | Team: | Michelle Wiseman | Chief Executive | - until | 30 November | 2022 | |||||
| David S Delew OBE | Chief Executive | —from | 1 December | 2022 | |||||||
| Karen Grant | Centre | Manager |
| REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | DETAILS |
|---|---|---|---|
| Bankers: | |||
| Barclays Bank Pic | |||
| City Centre Business P0 Box357 |
Office | ||
| 51 Mosley | Street | ||
| Manchester | |||
| M60 2AU | |||
| Solicitors: | |||
| Kuits | |||
| 3St Mary's | Parsonage | ||
| Manchester | |||
| M3 2RO | |||
| independent | Examiner: | ||
| R Zoltie CA | |||
| R Zoltie &Co | |||
| Suite 17 | |||
| Flexspace | |||
| Manchester | Road | ||
| Bolton | |||
| BL32NZ | |||
| Investment | Advisers | ||
| Rathbone | Investment | Management | |
| 8 Finsbury | Circus | ||
| London | |||
| EC2M 7AZ |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Notes | fund f |
fundf | funds | fundsf | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
2 | 118,748 | 118,748 | 282,036 | ||
| Charitable activities |
5 | |||||
| Charitable activities |
154,359 | 154,359 | 144,046 | |||
| Other trading activities Investment income |
3 4 |
35,034 ~29932 |
35,034 29,932 |
23,551 26,577 |
||
| Total | 338,073 | 333073 | 476 210 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 40,421 | 40,421 | 32,321 | |||
| Charitable activities |
||||||
| Charitable activities |
504,940 | 679 | 505,619 | 434,773 | ||
| Governance | 2,498 | |||||
| Total | 545,361 | 679 | ~546 040 | 469,592 | ||
| Net gains/(losses) on investments |
~123,771) | ~123771 | '112460 | |||
| NET INCOME/(EXPENDITURE) | (331,059) | (679) | (331,738) | 119,078 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
1,877,638 | 20,358 | 1,897,996 | 1,778,918 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,546,579 | 19,679 | 1,566,258 | 1 897996 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restncted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | 5 | F | 6 | 2 | ||
| FIXEDASSETS | ||||||
| Tangible assets Investments |
13 14 |
553,232 ~985433 |
19,679 | 572,911 985,433 |
598,990 ~1,300724 |
|
| 1,538,665 | 19,679 | 1,558,344 | 1,899,714 | |||
| CURRENT ASSETS | ||||||
| Stocks | 15 | 320 | 320 | 320 | ||
| Debtors | 16 | 5,060 | 5,060 | 8,243 | ||
| Prepayments and |
accrued income | 9,165 | 9,165 | 8,340 | ||
| Cash at bank and | in hand | 9,474 | 9474 | 21,718 | ||
| 24,019 | 24,019 | 38,621 | ||||
| CREDITORS | ||||||
| Amounts falling due within one year |
17 | (15,205) | (15,205) | (39,589) | ||
| NET CURRENT ASSETS | 8,814 | 8,814 | 968 | |||
| TOTAL ASSETS | LESSCURRENT LIABILITIES | 1,547,479 | 19,679 | 1,567,158 | 1,898,746 | |
| ACCRUALS AND | DEFERRED INCOME | 18 | (900) | (900) | ||
| NET ASSETS | 1,546,579 | 19,679 | 1,566,258 | 1,897,996 | ||
| FUNDS | ||||||
| Unrestricted funds |
1,546,579 | 1,877,638 | ||||
| Restricted funds | 19,679 | 2 0358 | ||||
| TOTAL FUNDS | 1,566,258 | 1)897QK |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | 8 | F | ||
| Cash flows from operating | activities | |||
| Cash generated from operations |
1 | (2 13,396) | 62,792 | |
| Net cash (used in)/provided | by operating | activities | ~213,396) | 62,792 |
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets |
(5,998) | (61,037) | ||
| Purchase offixed asset investments |
(416,822) | (420,707) | ||
| Sale oftangible fixed assets | 15,630 | |||
| Net cash drawn/(invested) | 79,418 | (69,504) | ||
| Sale offixed asset investments | 528,924 | 444.625 | ||
| Net cash provided by/(used |
in) investing | activities | 201,152 | ~106,623) |
| Change in cash and cash |
equivalents | in | ||
| the reporting period |
(12,244) | (43,831) | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 21,718 | 65,549 | |
| Cash and cash equivalents | at the end | of | ||
| the reporting period |
9,474 | 21,718 |
| RECONCILIATION OF N ACTIVITIES |
ET (EXPENDITURE | )/INCOME TO NET CASH F |
LOW FROM OPERATIN | G |
|---|---|---|---|---|
| 2022 8 |
2021f | |||
| Net (expenditure)/income | for the reporting | period (as per the | ||
| Statement of Financial | Activities) | (331,738) | 119,078 | |
| Adjustments for: |
||||
| Depreciation charges |
32,077 | 23,764 | ||
| Losses/(gain) on investments |
123,771 | (112,460) | ||
| Profit on disposal offixed |
assets | (15,630) | ||
| Investment management |
charges | 9,941 | 11,283 | |
| Increase in stocks |
(320) | |||
| Decrease/(increase) in debtors |
2,358 | (2,247) | ||
| (Decrease)/increase in creditors |
~24,234 | 23,694 | ||
| Net cash (used in)/provided by operations |
(2 13,396) | 62,792 |
| ANALYSIS OF C | HANGES IN NET FUNDS |
|||
|---|---|---|---|---|
| At 1.1.22 | Cash flow | At 31.12.22 | ||
| 8 | 8 | F | ||
| Net cash | ||||
| Cash at bank and | in hand | 21,718 | (12,244) | 9,474 |
| 21,718 | (12,244) | 9,474 | ||
| Total | 21,718 | (12,244) | 9,474 |
| DONATIONS | DONATIONS | AND LEGACIES | AND LEGACIES | - continued | |||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| 6 | |||||||
| Brought | forward | 118,748 | 282,036 | ||||
| 118748 | 282,036 | ||||||
| OTHER | TRADING ACTIVITIES | ||||||
| 2022 | 2021 | ||||||
| 5 | |||||||
| Committees, | events & room hire |
23,590 | 16,870 | ||||
| Shop and merchandise | income | 6,103 | 3,138 | ||||
| Sponsorships | 125 | ||||||
| Catering | 1,512 | 1,677 | |||||
| Sundry | income | 3,254 | 566 | ||||
| Plaques | 450 | 300 | |||||
| Sensory | garden | 1,000 | |||||
| 35,034 | 23,551 | ||||||
| INVESTMENT INCOME | |||||||
| 2022 | 2021f | ||||||
| Dividend | and | gilt interest | 29,932 | 26,577 | |||
| INCOME FROM CHARITABLE | ACTIVITIES | ||||||
| Activity | 2022 f |
2021f | |||||
| Grants | Charitable | activities | 22,468 | 13,772 | |||
| Bury Metro | 'Charitable | activities | 16,240 | 10,710 | |||
| Fees for day | centre care | Charitable | activities | 66,058 | 34,773 | ||
| Soup kitchen | - meals on | ||||||
| wheels | Charitable | activities | 49,593 | 84,791 | |||
| 154,359 | 144,046 |
| National | Lottery Community | Fund | 59,768 |
|---|---|---|---|
| HSBC Trust | f5,000 | ||
| RFB | 85,000 | ||
| Salford | Community | 81,500 | |
| Parklife | 61,000 |
| RAISING FUNDS | RAISING FUNDS | |||||
|---|---|---|---|---|---|---|
| Raising donations | and | legacies | ||||
| 2022 F |
2021f | |||||
| Staff costs | 14,302 | 9,425 | ||||
| Marketing and advertising Sundry fundraising costs |
2,459 | 1,669 | ||||
| 16,761 | 11,094 | |||||
| Other trading activities |
2022f | 2021f | ||||
| Purchases | 3,881 | 2,219 | ||||
| Staff costs | 9,838 | 7,725 | ||||
| 13,719 | 9944 | |||||
| investment | management | costs | ||||
| 2022 | 2021 | |||||
| 9 | 9 | |||||
| Investment | management | costs | 9,941 | 11,283 | ||
| Aggregate | amounts | 40,421 | 32,321 | |||
| CHARITABLE ACTIVITIES COSTS | ||||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 8) f |
Totals | ||||
| Charitable | activities | 465,947 | 39672 | 505,619 | ||
| SUPPORT COSTS | ||||||
| Governance | ||||||
| costs | ||||||
| 6 | ||||||
| Charitable | activities | 39,672 | ||||
| NET INCOME/(EXPENDITURE) | ||||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||
| 2022f | 2021 | |||||
| Depreciation -owned assets |
32,077 | 23,764 | ||||
| Other operating leases |
5,240 | |||||
| Surplus on disposal |
offixed assets | (15,630) |
| STAFF COSTS | |||||||
|---|---|---|---|---|---|---|---|
| 2022f | 2021 | ||||||
| Wages and salaries Social security costs |
231,800 8,848 |
143,631 9,074 |
|||||
| 240,648 | 152,705 | ||||||
| The average monthly |
number of | employees | during the year was | as follows: | |||
| 2022 | 2021 | ||||||
| Chief Executive | 1 | 1 | |||||
| Day centre and welfare Administration and support |
8 3 |
6 2 |
|||||
| 12 | |||||||
| No employee received emoluments |
of more | than 860,000. | |||||
| COMPARATIVES FOR THE STATEMENT |
OF FINANCIAL ACTIVITIES | ||||||
| Llnrestricted | Restricted | Total | |||||
| fund 8 |
fundf | fundsf | |||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
282,036 | 282,036 | |||||
| Charitable activities |
|||||||
| Charitable activities |
14'4,046 | 144,046 | |||||
| Other trading activities |
23,551 | 23,551 | |||||
| Investment income |
26,577 | 26,577 | |||||
| Total | 476,210 | 476,210 | |||||
| EXPENDITURE ON | |||||||
| Raising funds | 32,321 | 32,321 | |||||
| Charitable activities |
|||||||
| Charitable activities |
434,094 | 679 | 434,773 | ||||
| Governance | 2,498 | 2,498 | |||||
| Total | 468,913 | 679 | 469,592 | ||||
| Net gains on investments | 112,460 | 112,460 | |||||
| NET INCOME/(EXPENDITURE) | 119,757 | (679) | 119,078 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought |
forward | 1,757,881 | 21,037 | 1,778,918 |
| 12. | COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES | -continued | ||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||
| fund f |
fund F |
funds f |
||||||
| TOTAL FUNDS CARRIED | FORWARD | 1,877,638 | 20,358 | 1,897,996 | ||||
| 13. | TANGIBLE FIXED | ASSETS | ||||||
| Fixtures | ||||||||
| Freehold | and | Motor | ||||||
| property | fittings | vehicles | Totals | |||||
| 2 | 6 | 5 | ||||||
| COST | ||||||||
| At 1 January 2022 |
850,000 | 319,557 | 88,410 | 1,257,967 | ||||
| Additions | 5,998 | 5,998 | ||||||
| Disposals | ~54,750) | ~54,750) | ||||||
| At 31 December 2022 | ~850 000 | 325,555 | 33,660 | 1,209,215 | ||||
| DEPRECIATION | ||||||||
| At 1 January 2022 | 320,250 | 283,977 | 54,750 | 658,977 | ||||
| Charge for year Eliminated on disposal |
17,000 | 8,345 | 6,732 ~54,750) |
32,077 ~54,750) |
||||
| At 31 December 2022 | 337,250 | 292,322 | 6,732 | 636,304 | ||||
| NET BOOK VALUE | ||||||||
| At 31 December 2022 | 512,750 | 33,233 | 26,928 | 572,911 | ||||
| At 31 December 2021 | 529,750 | 35,580 | 33,660 | 598,990 | ||||
| 14. | FIXEDASSET INVESTMENTS | |||||||
| 2022 | 2021 | |||||||
| f | 6 | |||||||
| Shares | 938,027 | 1,225,281 | ||||||
| Other | 47,406 | 75,443 | ||||||
| 985,433 | 1,300,724 | |||||||
| Additional information |
as follows: | |||||||
| Listed | ||||||||
| investments | ||||||||
| 5 | ||||||||
| MARKET VALUE | ||||||||
| At 1 January 2022 | 1,225,281 | |||||||
| Additions | 416,822 | |||||||
| Disposals Revaluations |
(528,924) ~175,I52) |
|||||||
| At 31 December 2022 | 938,027 | |||||||
| NET BOOK VALUE | ||||||||
| At 31 December 2022 | 938,027 | |||||||
| At 31 December 2021 | 1,225,281 | |||||||
| There were no investment | assets outside the UK. |
| Cost or valuation | at 31 December 2022 | at 31 December 2022 | is represented | by: | |||
|---|---|---|---|---|---|---|---|
| Listed investments | 5938,027 | ||||||
| Investments (neither listed nor unlisted) |
were as follows: | ||||||
| 2022 | 2021 | ||||||
| f | 5 | ||||||
| Cash - Investment | Managers | 47,406 | 75,443 | ||||
| 15. | STOCKS | ||||||
| 2022 | 2021 | ||||||
| f | |||||||
| Finished goods | 320 | 320 | |||||
| 18. | DEBTORS: AMOUNTS FALLING DUE |
WITHIN ONE | YEAR | ||||
| 2022 | 2021 | ||||||
| F | |||||||
| Trade debtors | 5,060 | ~8243 | |||||
| 17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||||||
| 2022 | 2021 | ||||||
| 6 | |||||||
| Trade creditors | 11,409 | 39,029 | |||||
| Social secudty and other | taxes | 3,252 | |||||
| Other creditors | 544 | 560 | |||||
| 15,205 | 39,589 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| 6 | F | |||||||
| Accruals and | deferred | income | 900 | 750 | ||||
| MOVEMENT | IN FUNDS | |||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.1,22 | in funds | 31.12.22 | ||||||
| F | ||||||||
| Unrestricted | funds | |||||||
| General fund | 1,877,638 | (331,059) | 1,546,579 | |||||
| Restricted funds | ||||||||
| The Bathing Room Fund | 20,358 | (679) | 19,679 | |||||
| TOTAL FUNDS | 1,897,996 | ~331,738) | ~1566258 | |||||
| Net movement | in funds, | included | in the above are as follows: | |||||
| Incoming | Resources | Gams and | Movement | |||||
| resources 8 |
expended F |
losses 8 |
in funds f |
|||||
| Unrestricted | funds | |||||||
| General fund |
338,073 | (545,361) | (123,771) | (331,059) | ||||
| Restricted funds | ||||||||
| The Bathing Room Fund | (679) | (679) | ||||||
| TOTAL FUNDS | 338,073 | ~546,040) | (123,771) | (331,738) | ||||
| Comparatives | for movement | in | funds | |||||
| Net | ||||||||
| movement | At | |||||||
| At 1.1.21 | in funds | 31.12.21 | ||||||
| f | 6 | |||||||
| Unrestricted | funds | |||||||
| General fund |
1,757,881 | 119,757 | 1,877,638 | |||||
| Restricted funds | ||||||||
| The Bathing | Room Fund | 21,037 | (679) | 20,358 | ||||
| TOTAL FUNDS | 1,778,918 | 119,078 | 1,897,996 |
| Comparative net movement in funds, i |
ncluded in the above are a |
s follows: | ||
|---|---|---|---|---|
| Incoming resources |
Resources expended F |
Gains and losses |
Movement in funds 6 |
|
| Unrestricted funds General fund |
476,210 | (468,913) | 112,460 | 119,757 |
| Restricted funds The Bathing Room Fund |
(679) | (679) | ||
| TOTALFUNDS | ~476 210 | ~469,592) | 112,460 | 119,078 |
| A current yea | r 12 months and prior year 12m |
onths combined position is as follo |
s: | |
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.22 | ||
| 6 | F | F | ||
| Unrestricted General fund |
funds | 1,757,881 | (211 302) | 1 546 579 |
| Restricted funds The Bathing Room Fund |
21,037 | (1,358) | 19,679 | |
| TOTAL FUNDS | 1,77&,918 | ~212,660) | 1,566,258 |
| A current year 12 months and prior ye as follows: |
ar 12 months combined n |
et movement in f |
unds, included in |
the above ar |
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended 6 |
losses 6 |
in funds 6 |
|
| Unrestricted funds General fund |
814,283 | (1,014,274) | (11,311) | (211,302) |
| Restricted funds The Bathing Room Fund |
(1,358) | (1,358) | ||
| TOTAL FUNDS | 814,283 | (1,015,632) | ~11,311) | 212660 |