-.IlthR0s4S Annual Report OF THETRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 ST MARCH 2022 Rose Road lJ3C Association 2021-2022 YEARS Making a positive difference to the lives of young disabled people
| Report ofthe Trustees forthe Year Ended 31st March 202 Contents |
2 | ||
|---|---|---|---|
| Thank you. | 3 | ||
| Reference and Administrative Details. |
.4 | ||
| Our Vision, Mission and Values | S | ||
| Message from the Chair —Julie Comer. | .6 | ||
| Public Benefit Entity Compliance | .7 | ||
| Strategy Objectives and Activities .............. | .......7 | ||
| Our Main Activities. . | .8 | ||
| Our Positive Outcomes and Impact. |
9 | ||
| Significant Impacts and Factors. |
.10 | ||
| Departmental Achievements and Performance Services |
11 | ||
| Oaks and Acorns Respite Units. | 11 | ||
| Family . |
12 | ||
| Community Services.. |
13 | ||
| Community Outreach |
13 | ||
| The Hut@Rose Road. | 13 | ||
| Activities. . | 13 | ||
| Avenues@Rose Road. |
14 | ||
| Fundraising. | 1S | ||
| Fundraising Statement. |
.16 | ||
| Our Five Year Plan for 2019-2024. | 16 | ||
| Review ofthe year | 17 | ||
| Fund Movements. | 18 | ||
| Statement of Trustees' Responsibilities |
for the Annual | Accounts. | 22 |
| independent auditor's report to the members ofThe |
Rose Road Association. .... | ......24 | |
| Statement ofFinancial Activities | 29 |
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Total Funds | |||
| Note | Funds | Funds | 2022 | 2021 | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and Legacies |
2 | 186,602 | 133,319 | 319,921 | 377,215 | |
| Charitable activities |
3 | 2,833,405 | 537,374 | 3,370,779 | 3,603,190 | |
| Other trading activities | 4 | 80,104 | 80,104 | 64,641 | ||
| Investments | 5 | 1,069 | 1,069 | 836 | ||
| Total incoming resources | 3,101,180 | 670,693 | 3,771,873 | 4,045,882 | ||
| EXPENDITURE ON | ||||||
| Raising funds | ||||||
| - Fundraising | 180,098 | 180,098 | 154,502 | |||
| —Trading Activities | 112,392 | 112,392 | 101,368 | |||
| Charitable activities |
7 | 2,823,283 | 693,975 | 3,517,258 | 3,311,855 | |
| Total resources expended | 3,115,773 | 693,975 | 3,809,748 | 3,567,725 | ||
| NET INCOMING/(OUTGOING) | RESOURCES | (14,593) | (23,282) | (37,875) | 478,157 | |
| Transfer between funds |
||||||
| NET MOVEMENTS IN FUNDS |
(14,593) | (23,282) | (37,875) | 478,157 | ||
| Reconciliation offunds |
||||||
| Fund balances at 1April 2021 | 2,285,125 | 1,892,067 | 4,177,192 | 3,699,035 | ||
| Fund balances at 31March 2022 | 2,270,532 | 1,868,785 | 4,139,317 | 4,177,192 |
| Note | 2022 | 2021 | |||
|---|---|---|---|---|---|
| FIXEDASSETS | |||||
| Tangible assets | 2,604,012 | 2,635,419 | |||
| Investments | 12 | ||||
| 2,604,012 | 2,635,419 | ||||
| CURRENT ASSETS | |||||
| Debtors | 13 | 908,266 | 551,218 | ||
| Cash at bank | and in hand | 1,118,959 | 1,478,925 | ||
| 2,027,225 | 2,030,143 | ||||
| LIABILITIES | |||||
| Creditors: Amounts | falling due within one | ||||
| year | 14 | 491,920 | 488,370 | ||
| NET CURRENT | ASSETS | 1,535,305 | 1,541,773 | ||
| TOTAL ASSETS LESS | CURRENT | ||||
| 4,139,317 | 4,177,192 | ||||
| LIABILITIES | |||||
| Liabilities: Amounts | falling due after more | ||||
| than one year | |||||
| TOTAL NET ASSETS | 4,139,317 | 4,177,192 | |||
| FUNDS | 17 | ||||
| Unrestricted | funds | ||||
| General Fund |
1,210,305 | 1,191,773 | |||
| Designated | Fund | 1,060,227 | 1,093,352 | ||
| Total Unrestricted | Funds | 2,270,532 | 2,285,125 | ||
| Restricted funds | 1,868,785 | 1,892,067 | |||
| TOTAL FUNDS | 4,139,317 | 4,177,192 |
| Note | 2022 | 2021 | ||
|---|---|---|---|---|
| Net cash (outflow)/ | inflow from operating | |||
| activities | 18 | (292,999) | 718,582 | |
| Net cash (outflow)/ | inflow from investing | |||
| activities | 18a | (68,036) | (125,452) | |
| Net cash inflow / (outflow) from financing | ||||
| activities | 18b | 1,069 | 836 | |
| (Decrease)/ Increase |
in cash in the year | (359,966) | 593,966 | |
| Net funds at 1st April 2021 | 1,478,925 | 884,959 | ||
| Net cash at bank at | 31st March 2022 | 1,118,959 | 1,478,925 |
| Leasehold | Buildings | 1ye straight | line |
|---|---|---|---|
| 15%reducing | |||
| Building adaptations | balance | ||
| 209o straight | |||
| Motor vehicles | line | ||
| 15%reducing | |||
| Furniture | and equipment | balance | |
| 25% straight | |||
| Computer | equipment | line |
| Unrestricted | Restricted | 2021 | ||||
|---|---|---|---|---|---|---|
| Voluntary | 2022 | Total | ||||
| 2 | fundraising | income | f | f | Totalf | f |
| Trusts | 51,460 | 86,072 | 137,532 | 188,562 | ||
| Community | 93,171 | 47,247 | 140,418 | 162,790 | ||
| Corporate | 41,971 | 41,971 | 25,863 | |||
| Events | ||||||
| Major Donors | ||||||
| Other | ||||||
| Total Fundraising | ||||||
| Income | 186,602 | 133,319 | 319,921 | 377,215 |
| Respite Services |
Commu nity |
Family Services |
Avenues | 2022 | 2021 Tota I |
||
|---|---|---|---|---|---|---|---|
| Services | Totalf | f | |||||
| Contractual payments |
|||||||
| from Local | |||||||
| Authorities | 1,364,012 | 776,065 | 16,303 | 504,852 | 2,661,232 | 2,874,709 | |
| Grants received | for | ||||||
| revenue purposes |
42,864 | 116,365 | 427,086 | 586,315 | 571,221 | ||
| Grants received | for | ||||||
| capital purposes | |||||||
| Other Irlcorrlirla |
resources | ||||||
| from charitable | activities | 2,539 | 102,693 | 18,000 | 123,232 | 157,260 | |
| Total Charitable | 1,409,415 | 995,123 | 443,389 | 522,852 | 3,370,779 | 3,603,190 | |
| Activities income |
| Charity shops and | |||
|---|---|---|---|
| 4 | other trading income | 2022 | 2021 |
| f | f | ||
| Facilities | 80,104 | 64,641 | |
| Total Trading income | 80,104 | 64,641 |
| 5 | Investment income |
2022 | 2021 | |
|---|---|---|---|---|
| 6 | 6 | |||
| Interest receivable | 1,069 | 836 | ||
| 6a | Raising funds- | |||
| Fundraising | 2022 | 2021 | ||
| costs | ||||
| 6 | 6 | |||
| Fundra ising costs | 160,518 | 136,032 | ||
| Support costs | 18,455 | 17,367 | ||
| Governance costs |
1,125 | 1,103 | ||
| Total Fundraising | costs | 180,098 | 154,502 | |
| Raising funds- | ||||
| 6b | Trading | |||
| Activities costs | 2022 | 2021 | ||
| 6 = |
6 | |||
| Facilities | 106,538 | 95,574 | ||
| SU p paI"Icos'ts | 5,502 | 5,448 | ||
| Governance costs |
352 | 346 | ||
| Total Trading | ||||
| Activities | 112,392 | 101,368 | ||
| costs |
| 2022 | 2021 |
|---|---|
| 6 | E |
| 1,261,616 | 1,208,36 |
| 930,378 | 784,288 |
| 416,228 | 419,211 |
| 536,063 | 562,701 |
| 338,621 | 305,140 |
| 34,352 | 32,119 |
| 3,517,258 | 3,311,85 |
| Analysis of | Tradin | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Support and | g | Raising | Respite | Communil | Family | Avenues | 2022 | 2021 | |||
| Governance | Activit | Fullde | Service | y Services | Services | ||||||
| Costs | ies | ||||||||||
| E | E | 6 | E | ||||||||
| Management | 1,348 | 4,522 | 34,693 | 24,495 | 10,914 | 12,870 | 88,842 | 79,223 | |||
| Finance | 1,786 | 5,989 | 45,949 | 32,442 | 14,455 | 17,046 | 117,667 | 110,818 | |||
| Human Resources |
1,169 | 3,922 | 30,088 | 21,244 | 9,465 | 11,162 | 77,050 | 68,479 | |||
| Information Technology |
1,199 | 4,022 | 30,857 | 21,787 | 9,707 | 11,447 | 79,019 | 69,433 | |||
| Governance | 352 | 1,15 | 14,364 | 10,141 | 4,519 | 5,328 | 35,829 | 33,568 | |||
| Total Support costs |
5,854 | 19,580 | 155,91 | 110,109 | 49,060 | 57,853 | 398,407 | 361,521 | |||
| 2022 | 2021 | ||||||||||
| 8 | Governance Costs |
||||||||||
| Allocated staff salaries for | accounts | ||||||||||
| and annual report |
preparation | 3,570 | 3,535 | ||||||||
| Allocated staff salaries for | attendance | ||||||||||
| at trustee meetings | 8,663 | 8,577 | |||||||||
| Allocated staff salaries for | company | ||||||||||
| secretary work | 921 | 912 | |||||||||
| Allocated staff salaries for | trustee | ||||||||||
| liaison and strategy | work | 7,580 | 7,505 | ||||||||
| Auditors' remuneration |
15,095 | 12,360 | |||||||||
| Professional and other costs |
679 | ||||||||||
| Tota I Governance | |||||||||||
| costs | 35,829 | 33,568 | |||||||||
| Resourcesexpended | |||||||||||
| by the charity | |||||||||||
| 9 | includes: | 2022 | 2021 | ||||||||
| F. | E | ||||||||||
| Depreciation | 101,009 | 95,145 | |||||||||
| Auditors' | |||||||||||
| remuneration | 15,095 | 12,360 | |||||||||
| Operating Leases— |
|||||||||||
| Equipment | 853 | 564 |
| 10 | Staffcosts forthe | Staffcosts forthe |
|---|---|---|
| charity | ||
| Salaries | and other | |
| costs | ||
| Social security costs | ||
| Pension | costs |
| 2022 | 2022 |
|---|---|
| 2,157,281 | 1,965,426 |
| 130,466 | 114,717 |
| 57,087 | 51,054 |
| 2,344,834 | 2,131,197 |
| 2022 | 2021 |
|---|---|
| 2 | 1 |
| 2022 | 2021 |
| f | f |
| 237,294 | 208,384 |
| Average number | Average number | of | Average number of | Average number of | ||
|---|---|---|---|---|---|---|
| employees | Full-time | |||||
| Equivalents | ||||||
| 2022 | 2021 | 2022 2021 |
||||
| Respite Service | 61 | 59 | 47 45 |
|||
| Community services |
57 | 43 | 31 24 |
|||
| Family Services |
19 | 20 | 10 12 |
|||
| Avenues | 4 | 3 | ||||
| Strategic Charity | ||||||
| Development | 1 1 |
|||||
| Raising Funds | 4 4 |
|||||
| Irading Actwities | 1 | |||||
| Administration | 6 6 |
|||||
| Total | 153 | 99 96 |
||||
| 11 | Tangible fixed assets | Freehold | ||||
| Land gr | Equipment | Motor | ||||
| Buildings | vehicles | Total | ||||
| E | ||||||
| Cost | ||||||
| At 1stApril 2021 | 2,630,593 | 853,373 | 95,561 | 3,579,527 | ||
| Additions | 56,517 | 13,519 | 70,036 | |||
| Disposals | (1,139) | (15,196) | (16,335) | |||
| At 31stMarch 2022 | 2,630,593 | 908,751 | 93,884 | 3,633,228 | ||
| Depreciation | ||||||
| At 1stApril 2021 | 417,689 | 477,966 | 48,453 | 944,108 | ||
| Disposals | (705) | (15,196) | (15,901) | |||
| Charge for the year | 26,251 | 63,353 | 11,405 | 101,009 | ||
| At 31stMarch 2022 | 443,940 | 540,614 | 44,662 | 1,029,216 | ||
| Net book value at | ||||||
| 31st March 2022 | 2,186,653 | 368,137 | 49,222 | 2,604,012 | ||
| Net bookvalueat | ||||||
| 31st March 2021 | 2,212,904 | 375,407 | 47,108 | 2,635,419 |
| 13 Debtors | 2022 | 2021 | |||
|---|---|---|---|---|---|
| E | E | ||||
| Prepayments | 83,875 | 84,712 | |||
| Accrued income | 80,537 | 10,256 | |||
| Statutory authority | |||||
| debtors | 616,357 | 334,873 | |||
| Trade debtors | 126,481 | 118,101 | |||
| Other debtors | 1,002 | 3,262 | |||
| Intercompany | debtor | 14 | 14 | ||
| VAT recoverable | |||||
| Income tax | |||||
| recoverable | |||||
| Total Debtors | 908,266 | 551,218 | |||
| 2022 | 2021 | ||||
| 14 | Creditors | E | E | ||
| Accruals | 84,014 | 86,742 | |||
| Taxation and | social | ||||
| security | 29,073 | 25,723 | |||
| Pension | 10,790 | 10,146 | |||
| Other Creditors | 232 | 8,225 | |||
| Deferred income |
|||||
| (note 16) | 287,657 | 249,893 | |||
| Intercompany | |||||
| creditor | 46 | ||||
| VAT due | 477 | 2,282 | |||
| Trade creditors | 79,631 | 105,359 | |||
| Total Creditors | 491989 | 488 378 | |||
| 15 | Operating Leases |
2022 | 2021 | ||
| E | E | ||||
| Equipment: | |||||
| Not more than | one | ||||
| year | 853 | 564 | |||
| Greaterthan | one | ||||
| year and less | than | ||||
| five years | 3,411 | ||||
| Total operating | lease | ||||
| commitments |
| Donations | |||||
|---|---|---|---|---|---|
| Local | and other | ||||
| 16 | Movements in |
authority | income | ||
| deferred income | income | 2022 | 2021 | ||
| E | 6 | E | |||
| Deferred income at | |||||
| 1stApril 2021 | 210,039 | 39,854 | 249,893 | 174,137 | |
| Expended during the |
|||||
| year | (598,043) | (263,085) | (861,128) | (776,817) | |
| Income received | |||||
| during the year: | 596,370 | 302,522 | 898,892 | 852,573 | |
| Deferred income at | |||||
| 31st March 2022 | 208,366 | 79,291 | 287,657 | 249,893 |
| 17 | Movement in Funds |
At 1" | Incoming | Incoming | Resources | Transfers | At 31st |
|---|---|---|---|---|---|---|---|
| April 2021 | resources | expended | between | March | |||
| Funds | 2022 | ||||||
| (a) | General Funds |
||||||
| 1,191,773 | 3,101,180 | (3,115,773) | 33,125 | 1,210,305 | |||
| 1,093,352 | (33 125) | 1,060,227 | |||||
| (b) | Designated Funds |
||||||
| Total Unrestricted | 2,285,125 | 3,101,180 | (3,115,773) | 2,270,532 | |||
| Funds | |||||||
| Restncted funds | |||||||
| (c) | Bradbury Centre | 1,892,067 | (23,282) | 1,868,785 | |||
| (d) | Respite Trust Nights | ||||||
| and Equipment | 96,121 | (96,121) | |||||
| (e) | Community Services |
||||||
| and Equipment | 144,349 | (144,349) | |||||
| (f) | Family Services | 397,292 | (397,292) | ||||
| (g) | COVID Grants |
| for the | Year Ended | 31st March 2022 | ||||
|---|---|---|---|---|---|---|
| Other | 32,931 | (32,931) | ||||
| Total | Restricted | Funds | 1,892,067 | 670,693 | (693,975) | 1,868,785 |
| Total | Funds | 4,177,192 | 3,771,873 | (3,809,748) | 4,139,317 |
| The Designated Funds are broken |
|
|---|---|
| down as follows: | |
| Fixed asset replacement | 250,000 |
| reserve | |
| Tangible fixed asset not easily convertible to cash |
735,227 |
| COVID-19 Pandemic Disruption Reserve |
50,000 |
| ITInfrastructure Reserve |
25,000 |
| Analysis of net assets | Unrestricted | Restricted | ||
|---|---|---|---|---|
| between funds |
funds | funds | ||
| 2022 | 2021 | |||
| Fixed assets | 735,227 | 1,868,785 | 2,604,012 | 2,635,419 |
| Current assets | 2,027,225 | 2,027,225 | 2,030,143 | |
| Investments | ||||
| Current liabilities |
(491,920) | (491,920) | (488,370) | |
| Long term liabilities | ||||
| Total Funds | 2r270r532 | 1r868r785 | 4r139r317 | 4 177 192 |
| 18 | Notes tothe cash flow | ||
|---|---|---|---|
| statement. | |||
| Reconciliation ofnet |
|||
| incoming resources to net | |||
| cash inflow / (outflow) | |||
| from operating activities |
|||
| 2022 | 2021 | ||
| Net (outgoing)/ incoming resources |
(37,875) | 478,157 | |
| Investment income |
(1,069) | (836) | |
| Depreciation | 101,009 | 95,145 | |
| (Gain)/loss on Disposal Fixed Asset |
(1,566) | 2,765 | |
| (Increase)/ Decrease in Debtors |
(357,048) | 166,024 | |
| Increase/(Decrease)in Creditors |
3,550 | (22,673) | |
| Net cash (outflow) | |||
| /inflow from operating |
(292,999) | 718,582 | |
| activities | |||
| 18a | Capital expenditure and financial investment |
2,022 | 2,021 |
| Purchase oftangible fixed assets |
(70,036) | (125,452) | |
| Sale oftangible fixed assets |
2,000 | ||
| Net cash inflow / (outflow) | |||
| from investing activities |
(68,036) | (125,452) | |
| Returns on investments and servicing offinance |
2,022 | 2,021 | |
| Investment income received |
1,069 | 836 | |
| Net cash inflow / (outflow) from financing activities |
1,069 | 836 |