2023-03-31-accounts - The Albemarle Limited

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Reference and Administrative Details
Trustees' Report	2to 7
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet	10
Statement of Cash Flows
Notes to the Financial Statements	12to26

The trustees,	who are also the	directors for the purpose	directors for the purpose	of company	law, and who served	law, and who served	during
year were:
Trustees:		Mr TJWalker LLB	(Chair)
		Mr P G Hitchcock FRICS (resigned			18January 2023)
		Cllr R Lees
		Cllr SLees
		J C Gaskell (resigned		6December	2022)
		M A Eggar FRM,ACMA, CGMA, BA (Hone) (resigned				26	September
		2022)
		AJ Alderman
		N Jordan
		Cllr C Ellis (resigned		6 February 2023)
		C G Mellor
		L Brown (appointed	2 August 2022)
		A Hobbs (appointed		5September 2023)
Secretary:		Mr TJWalker LLB	(Chair)
Recruitment	and appointment	oftrustees

			Unrestricted	funds	Restricted	Total
			General	Designated	funds	2023
		Note	8	E
Income from:
Donations and legacies			1,369			1,369
Charitable activities			289,568		3,500	293,068
Investment income			123,561			123,561
Total Income			414,498		3,500	417,998
Expenditure on: Charitable activities Total Expenditure Net income/(expenditure)			(400 034) (3 21)2) ~400 034 ~3,292) 14464 ~3292		~(15784 (15,784) ~72284)	~4(5((0 ~4(5((0 ~(,((2
Net movement in funds			14,464	(3,292)	(12,284)	(1,112)
Reconciliation offunds
Total funds brought	forward		904,274	5,850	314,956	1,225,080
Total funds carried	forward	17	918,738	2,558	302,672	1,223,968
			Unrestricted	funds	Restricted	Total
			General	Designated	funds	2022
		Note	E	6	8	E
Income from:
Donations and legacies			402			402
Charitable activities			287,679		41,152	328,831
Investment income			50,841			50,841
Otherincome			29,013			29,013
Total Income			367,935		41,152	409,087
Expenditure on: Charitable activities Total Expenditure			346,749 (346,749		~(6,557) ~16,557	(363.306) ~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	17	904,274	5,850	314,956	1,225,080

				Note	2023f	2022f
Fixed assets
Tangible assets				11	1,447,199	1,386,844
Current assets
Stocks				12	770	1,069
Debtors				13	40,862	40,186
Cash at bank and	in hand				246,235	338,197
					287,867	379,452
Creditors: Amounts		falling due within one year		14	~(42,647	~62,726
Net current assets					245,226	316,726
Total assets less	current		liabilities		1,692,425	1,703,570
Creditors: Amounts		falling due after more than one year		15	~468,457	~478,490
Net assets					1,223,968	1,225,080
Funds ofthe charity:
Restricted funds					302,672	314,956
Unrestdicted funds
Designated Funds					2,558	5,850
General Funds					918,738	904,274
Total unrestricted	funds				921,296	910,124
Total funds				17	1,223,968	1,225,080

			2023	2022
		Note
Cash flows from operating activities
Net cash (expenditure)/income			(1,112)	45,781
Adjustments to cash flows from non-cash	items
Depreciation			62,659	60,626
Investment income		5	(123,561)	(50,841)
Loss on disposal oftangible fixed assets			20,025	33,889
			(41,989)	89,455
Working capital adjustments
Decrease in stocks		12	299	640
Increase in debtors (Decrease)/increase in creditors		13 14	(676) ~16,397	(12,657) 37,383
Net cash flows from operating activities			58,763)	114,821
Cash flows from investing activities
Purchase oftangible fixed assets		11	(143,039)	(179,272)
Income from investments		5	123,561	50,841
Net cash flows from investing activities			(19,478	(128,431)
Cash flows from financing activities
Interest payable and similar charges New loans/(repayment) of loans and borrowings Net cash flows from financing activities			26,917 ~40.638 ~13,721	18,117 139,889 158,006
Net (decrease)/increase in cash and cash equivalents			(91,962)	144,396
Cash and cash equivalents at 1 April			338,197	193,801
Cash and cash equivalents at 31 March			246,235	338,197

						Unrestricted	Restricted	Total
						funds	funds	2023
						6	6	6
Donations	and legacies					1,369		1,369
						1,369		1,369
						Unrestricted	Restricted	Total
						funds	funds	2022
Donations	and legacies					402		402
						402		402
Income from charitable					activities
						Unrestricted	Restricted	Total
						funds	funds	2023
						F	6	6
Contracted		Support	& Housing			154,897		154,897
Catering						17,807		17,807
Support for		Vulnerable		Adults		32,383		32,383
Room Hire						84,481		84,481
Other grant		income					3,500	3,500
						289,568	3,500	293,068

			Unrestricted	Restricted	Total
			funds	funds	2022
			6
Contracted	Support &	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
		funds	funds	2023
		6		8
Interest	receivable	344		344
Property	income	123,217		123,217
		123,561		123,561
		Unrestricted	Restricted	Total
		funds	funds	2022
		F	6
Interest	receivable	4		4
Property	income	50,837		50,837
		50,841		50,841

			Unrestricted	funds	Restricted	Total
		Note	Designated 6	General f	funds	2023
Contracted	Support
& Housing				100,674		100,674
Catering				11,692		11,692
Support for
Vulnerable	Adults			14,604		14,604
Room Hire				716		716
Allocated	support
costs			3,292	272,348	15,784	291,424
			3,292	400,034	15,784	419,110
			Unrestricted	funds	Restricted	Total
			Designated	General	funds	2022
		Note		E		F
Contracted	Support
& 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

7 Support C	osts
			2023	2022
Staff costs			124,250	92,904
Depreciation			62,659	60,626
Operating lease charges			810	2,755
Heat & light			4,797	3,104
Insurance			10,399	9,129
Repairs &Maintenance			24,756	15,177
Professional fees and subs			11,182	11,065
Office costs &telephone		charges	2,068	2,022
Water charges			3,946	3,307
Computer expenses			7,203	4,625
Bank charges	and interest		412	1,984
Irrecoverable	VAT		5,179	8,395
Advertising			208	758
Sundry			3,985	70
Loan interest			9,152	2,117
Loss on disposal			19,853	33,890
Bad debts			565
			291,424	251,928

8 Staf	f costs
		2023	2022
		6	6
Employment Costs
Wages	and Salaries	186,088	161,976
Social security costs		16,516	10,179
Pension	contributions	3,690	3,188
		206,294	175,343

2023	2022
No	No

9 Independ	ent examine	r's remuneration
			2023	2022
			6	8
Fees to examiners
independent	examination	fee	1,350	1,250
Accountancy	services		4,050	4,050
			5,400	5,300

11Tangible fixed assets
		Sheltered	Equipment
	Land and	housing	anti
	buildings	conversion	furnishings	Total
				F
Cost
At 1 April 2022	1,165,161	683,014	236,011	2,084,186
Additions Disposals	71,257 ~21,462	3,340	68,442 (6.154)	143,039 ~(27,558
At 31 March 2023	1,215,016	686,354	298,299	2,199,669
Depreciation
At 1 April 2022	406,644	198,471	92,227	697,342
Charge for the year Eliminated on disposals	24,436 ~3,745	13,098	25,125 ~3786	62,659 (7531)
At 31 March 2023	427,335	211,569	113,566	752,470
Net book value
At 31 March 2023	787,681	474,785	184,733	1,447,199
At 31 March 2022	758,517	484,543	143,784	1,386,844

12Stock
		2023	2022
		6
Finished goods and goods for resale		770	1,069
13Debtors
		2023	2022
Trade debtors		29,470	28,755
Prepayments	and accrued income	11,392	11,305
VAT			126
		40,862	40,186

14Creditors: amounts falling due within o	ne year
	2023	2022f
Bank loans	11,976	15,664
Trade creditors	17,623	27,136
PAYE	3,777	3,568
VAT	1,457
Other creditors	1,742	7,513
Accruals	6,066	8,845
	42,641	62,726

15Creditors: amounts	falling due after one year
Bankloans

2023	2022f
11,976	15,664
2023f	2022
468,457	478,490

Creditors amounts falling due after mor security has been given by the charity:	e than o	ne year includes the following liabiliti	es, on which
		2023 f	2022 f
Tridos bank loan		468,457	478,490
Included in the creditors are the following	amounts	due after more than five years:
		2023	2022f
After more than five years by instalments		410,267	408,270

16Operating lease commitm	16Operating lease commitm	16Operating lease commitm	ents
At the reporting end date the			charitable	company		had outstanding	commitments for	future	minimum
lease payments under non-cancellable				operating	leases, which fall		due as follows:
							2023		2022
									6
Within one year							3,045			1,080
In two to five years										2,160
							3,045			3,240
17Funds
			Balance at 1					Balance		at 31
			April 2022			Income	Expenditure	March		2023
				6		6	6		6
Unrestricted funds
General
General Fund				904,274		414,498	(400,034)		918,738
Designated Moving on fund				5,850			~i3,202			2,558
Total unrestricted		funds		910,124		414,498	(403,326)		921,296
Restricted funds
Refurbishment	fund			10,669			(300)		10,369
Viridor				10,029			(346)			9,683
Taunton Town	Charity			1,758			(51)			1,707
SEIFGrant				228,382			(5,992)		222,390
Big Lottery Station		Road		9,127			(186)			8,941
Other Station Road Grants				8,304			(169)			8,135
Kitchenette Grant				13,240			(6,630)			6,610
SCFAccessible Changing Places Toilet Public Living Room Fund				33,447 314,956		3,500 3,500	(2,069) ~47 ~15,784		31,378 3,459 302,672
Total funds				1,225,080		417,998	~419,110		1,223,968

17Funds (continued)	17Funds (continued)	17Funds (continued)
			Balance at 1			Balance at 31
			April 2021	Income	Expenditure	March 2022
				6	6	6
Unrestricted funds
General
General Fund			883,088	367,935	(346,749)	904,274
Designated
Moving on fund			5,850			5,850
Total unrestricted		funds	888,~38	367,935	~346,749	!110,124
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 Places Toilet Devon County	Changing Council		290,361	35,000 6,152 41,152	(1,553) ~8,152 ~16,557	33,447 314,956
Total funds			1,179,299	409,087	~363.306	1.225,080

					Total funds
		Unrestricted	funds	Restricted	at 31 March
		General f	Designated f	fundsf	2023f
Tangible	fixed assets	1,144,527		302,672	1,447,199
Current	assets	285,309	2,558		287,867
Current Creditors	liabilities over 1 year	(42,641) ~468,457			(42,641) ~(468,457
Total net assets		918,738	2,558	302,672	1,223,968
					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) ~478,490			(62,726) ~478490,
Total net assets		904,274	5,850	314,956	1,225,080