2022-03-31-accounts - The Albemarle Limited

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Reference and Adminrstrative Details
Trustees' Report	2 to 7
Independent Examiners Report
Statement of Financial Actiwties
Balance Sheet	10
Statement of Cash Flows
Notes to the Financial Statements	12to 26

			Unrestricted	funds	Restricted		Total
		Note	General f	Designated f	funds f		2022 f
Income from:
Donations and legacies			402				402
Charitable activities			287,679		41,152		328,831
Investment income			50,841				50,841
Other income			29,013				29,013
Total Income			367,935		41,152		409,087
Expenditure on: Charitable activities			346,749		~76557	,	~363,306
Total Expenditure			346,749		~76,557		~363,306
Net income			21,186		24,595		45,781
Net movement in funds			21,186		24,595		45,781
Reconciliation of	funds
Total funds brought	forward		883,088	5,850	290,361		1,179,299
Total funds carried	forward	19	904,274	5,850	314,956		1,225,080
			Unrestricted	funds	Restricted		Total
		Note	General f	Designated f	fundsf		2021f
Income from:
Donations and legacies			438				438
Charitable activities			217,822				217,822
Investment income			28,836				28,836
Other income			105,547				105,547
Total Income			352,643				352,643
Expenditure on: Charitable activities Total Expenditure		7	~320,773 ~262 ~320,773 ~262		~9,216 ~9,216		~330,251 ~330,251
Net income/(expenditure) Transfers between funds			31,870 (262) 29,788 ~29,7881		(9,216)		22,392
Net movement in funds			61,658	(30,050)	(9,216)		22,392
Reconciliation of	funds
Total funds brought	forward		821,430	35,900	299,577		1,156,907
Total funds carried	forward	19	883,088	5,850	290,361		1,179,299

				Note	2022 f	2021f
Fixed assets
Tangible assets				13	1,386,844	1,302,087
Current assets
Stocks				14	1,069	1,709
Debtors				15	40,186	27,529
Cash at bank and	in hand				338,197	193,801
					379,452	223,039
Creditors: Amounts		falling due within one year		16	~62,726)	~25,453
Net current assets					316,726	197,586
Total assets less	current		liabilities		1,703,570	1,499,673
Creditors: Amounts		falling due after more than one year		17	~476,490	~320,374
Net assets					1,225,080	1,179,299
Funds ofthe charity:
Restncted funds					314,956	290,361
Unrestricted funds
Designated Funds					5,850	5,850
General Funds					904,274	883,088
Total unrestricted	funds				910,124	888,938
Total funds				19	1,225,080	1,179,299

		Note	2022 f	2021f
Cash flows from operating activities
Net cash income			45,781	22,392
Adjustments to cash flows from non-cash	items
Depreciation			60,626	54,552
Investment income			(50,841)	(28,836)
Loss on disposal oftangible fixed assets			33,889
			89,455	48,108
Working capital adjustments
Decrease in stocks		14	640	652
(Increase)/decrease in debtors Increase/(decrease) in creditors		15 16	(12,657) 37,383	41,989 ~77,750
Net cash flows from operating activities			114,821	79,599
Cash flows from investing activities
Purchase oftangible fixed assets		13	(179,272)	(14,645)
Income from investments		5	50,841	28,836
Net cash flows from investing activities			(128,431)	14,191
Cash flows from financing activities New loans/(repayment) of loans and borrowings			158,006	~75,062
Net increase in cash and cash equivalents			144,396	78,728
Cash and cash equivalents at 1 April			193,801	115,073
Cash and cash equivalents at 31 March			338,197	193,801

							Total	Total
							2022	2021
							p	E
Unrestricted
	Donations and legacies						402	438
							402	438
4	Income from charitable				activities
						Unrestricted	Restricted	Total
						funds 5	funds E	2022f
	Contracted	Support	8 Housing			198,692		198,692
	Catering					5,836		5,836
	Support for	Vulnerable		Adults		41,323		41,323
	Room Hire					41,828		41,828
	Other grant	income					41,152	41,152
						287,679	41,152	328,831
						Unrestricted	Restricted	Total
						fundsf	funds F	2021
	Contracted	Support	& Housing			188,426		188,426
	Catering					2,153		2,153
	Support for	Vulnerable		Adults		18,070		18,070
	Room Hire					9,173		9,173
						217,822		217,822
5	Investment	income
							Total	Total
							2022f	2021 E
Unrestricted
	Interest receivable						4	17
	Property income						50,837	28,819
							50,841	28,836

6 Other	in	come
			Total	Total
			2022f	2021
Unrestricted
Furlough	grant receipts		15,513	64,847
Coronavirus		grant receipts	13,500	40,700
			29,013	105,547

			Unrestricted	funds	Restricted	Total
		Note	Designated f	General	fundsf	2022f
Contracted	Support
8 Housing				96,461		96,461
Catering				4,620		4,620
Support for
Vulnerable	Adults			9,088		9,088
Room Hire				1,209		1,209
Allocated	support
costs				235,371	16,557	251,928
				346,749	16,557	363,306
			Unrestricted	funds	Restricted	Total
		Note	Designated f	General f.	funds f.	2021 f.
Contracted	Support
& Housing				81,583		81,583
Catering				13,344		13,344
Support for
Vulnerable	Adults			16,941		16,941
Room Hire				440		440
Allocated	support
costs			262	208,465	9,216	217,943
			262	320,773	9,216	330,251

8 Support Costs
		2022	2021
Staff costs		92,904	106,930
Depreciation		60,626	54,552
Operating lease charges		2,755	2,428
Heat & light		3,104	3,544
Insurance		9,129	9,574
Repairs & Maintenance		15,177	14,240
Professional fees and subs		11,065	7,798
Office costs & telephone	charges	2,022	3,271
Water charges		3,307	2,177
Computer expenses		4,625	5,565
Bank charges and interest		1,984	418
Irrecoverable VAT		8,395	7,446
Advertising		758
Sundry		70
Loan interest		2,117
Loss on disposal		33,890
		251,928	217,943

							2022 E	2021f
Employment		Costs
Wages	and	Salaries					161,976	178,716
Social secunty costs							10,179	9,708
Pension	contnbutions						3,188	3,597
							175,343	192,021
The average		monthly	number	of employees	during	the year was
							2022	2021
							No	No
Number	of employees							10

11 Independent examiner's	11 Independent examiner's	11 Independent examiner's
			2022f	2021
Fees to examiners
Independent	examination	fee	1,250	1,250
Accountancy	services		4,050	3,750
			5,300	5,000

13Tangible fixed assets
		Sheltered	Equipment
	Land and	housing	and
	buildings	conversion	furnishings	Total
	f.	E	E	f.
Cost
At 1 April 2021	1,095,045	698,899	196,443	1,990,387
Additions Disposals	115,837 ~45,721	~15,885)	63,435 ~23887)	179,272 ~85473
At 31 March 2022	1,165,161	683,014	236,011	2,084,186
Depreciation
At 1 Apnl 2021	398,334	199,758	90,208	688,300
Charge for the year El)m)nated on disposals	24,295 ~15,385	13,154 ~74,441	23,177 ~(21,758	60,626 ~51,584)
At 31 March 2022	406,644	198,471	92,227	697,342
Net book value
At 31 March 2022	758,517	484,543	143,784	1,386,844
At 31 March 2021	696,711	499,141	106,235	1,302,087

14Stoc	k
			2022	2021
			f.	E
Finished	goods and goods for resale		1,069	1,709
15Debtors
			2022	2021
			E	E
Trade debtors			28,755	13,499
Prepayments		and accrued income	11,305	14,030
VAT			126
			40,186	27,529

16Creditors: amounts falling due within o	ne year
	2022	2021
	F	6
Bank loans	15,664	15,774
Trade creditors	27,136	3,273
PAYE	3,568
VAT		25
Other creditors	7,513	779
Accruals	8,845	5,602
	62,726	25,453

2022f	2021
478,490	320,374

						2022	2021
						8
Tridos bank loan						478,490	320,374
A legal	charge on 5,7,8 8	9Albemarle	Road and		116Station Road
Included	in the creditors are the following			amounts	due after more than	five years:
						2022	2021f
After more than five years		by instalments				408,270	250,100

lease payments under non-cancellable operatin	g leases, which fall due as follows
	2022	2021
	F
Within one year	1,080	1,638
In two to five years	2,160	3,240
	3,240	4,878

19Funds
			Balance at 1			Balance at 31
			April 2021	Income	Expenditure	March 2022
			E	8		E
Unrestricted funds
General
General Fund			883,088	367,935	(346,749)	904,274
Designated
Moving on fund			5,850			5850
Total unrestricted		funds	888,938	367,935	~346,749	910,124
Restricted funds
Refurbishment		fund	10,973		(304)	10,669
Viridor			10,375		(346)	10,029
Taunton Town	Charity		1,809		(51)	1,758
SEIFGrant			234,382		(6,000)	228,382
Santander Grant Interactive
Screen			284		(284)
TDBC Catering		Grant	471		(471)
Big Lottery Station Road			9,313		(186)	9,127
Other Station Road Grants			8,474		(170)	8,304
Kitchenette Grant			14,280		(1,040)	13,240
SCFAccessible		Changing
Places Toilet Devon County	Council		290,361	35,000 6,152 41,152	(1,553) ~6,152 ~16557	33,447 314,956
Total funds			1,179,299	409,087	~363,3067	1,225,080

			Balance at						Balance at
			1 April	Incoming		Resources			31 March
			2020 f	resources f		expended f		Transfers f	2021
Unrestricted funds
General
General Fund			821,430	352,643		(320,773)		29,788	883,088
Designated
Maintenance	reserve		24,064					(24,064)
Refurbishment	fund		5,915				(191)	(5,724)
Other designated		funds	71				(71)
Mowng on fund			5,850						5850
			35,900			~262		~29 788	5850
Total unrestricted		funds	857,330	352,643		~321,035			888,938
Restricted funds
Refurbishment	fund		11,104				(131)		10,973
Viridor			10,721				(346)		10,375
Taunton Town	Charity		1,860				(51)		1,809
SEIF Grant			240,382			(6,000)			234,382
Santander Grant
Interactive Screen			982				(698)		284
TDBC Catenng Grant			1,002				(531)		471
Big Lottery Station		Road	9,533				(220)		9,313
Other Station	Road
Grants Kitchenette Grant			8,673 15,320 299,577			(199) ~1,040 ~9,216			8,474 14,280 290,361
Total funds			1,156,907	352,643		~7330,257			1,179,299
20 Analysis of	net	assets	between funds
									Total funds
			Unrestricted		funds		Restricted		at 31 March
			General f		Designated f			fundsf	2022f
Tangible fixed assets			1,091,356					295,488	1,386,844
Current assets			354,	134		5,850		19,468	379,452
Current liabilities Creditors over 1	year		(62,726) ~478,4907					(62,726) ~478,490
Total net assets			904,274			5,850		314,956	1,225,080

						Total funds
			Unrestricted	funds	Restricted	at 31 March
			General f	Designated f	fundsf	2021f
Tangible	fixed	assets	1,011,726		290,361	1,302,087
Current	assets		217,189	5,850		223,039
Current Creditors	(iabilities over 1 year		(25,453) ~320374\,			(25,453) ~320,374
Total net assets			883,088	5,850	290,361	1,179,299