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2021-07-31-accounts

NETWORK COUNSELLING AND TRAINING LIMITED FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Company Number 01951370 Charity Number 292801

NETWORK COUNSELLING AND TRAINING LIMITED FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

CONTENTS PAGES
Reference & Administrative Information 1
Trustees’ Annual Report 2-9
Independent Examiner’s Report to the Trustees 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13-21

NETWORK COUNSELLING AND TRAINING LIMITED REFERENCE & ADMINISTRATIVE INFORMATION

YEAR ENDED 31 JULY 2021

Status

The company is a registered charity and limited by guarantee. The working name it uses is Network Counselling and Training.

Trustees

Eileen Cahill (Chair) Phillip Corbin (Treasurer) Vicky Elliott Stephen Lyne Simon Taylor

Company Secretary

Rita Smith

Registered office

Elm Park Filton Bristol BS34 7PS

Independent Examiner

Joshua Kingston ACA Burton Sweet Ltd The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol BS48 1UR

Bankers

HSBC Bank plc 11 Canford Lane Westbury-on-Trym Bristol BS9 3DE

CAF Bank plc PO Box 289 West Malling Kent ME19 4TA

Bank of Scotland PO Box 208 21 Prince Street Bristol BS99 7JG

Solicitors

Capstone Solicitors 62 Gloucester Road Bristol BS8 4AN

1

NETWORK COUNSELLING AND TRAINING LIMITED

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2021

About Network – Its Constitution

Network is constituted as a company limited by guarantee (Company No. 01951370) and governed by its Memorandum and Articles of Association dated 16th July 2008.

It was registered with the Charity Commission on 11 November 1985 (Charity No. 292801).

Network’s purpose and objectives are to promote physical, mental, emotional and spiritual health and well-being in the context of a Christian ethos by:

About Network – What is it

Network provides affordable counselling and training in counselling and listening skills.

It is a nationally accredited counselling and listening skills training course provider. Courses include introductory courses for listening skills and person centred counselling, an Advanced Certificate in Counselling, and a British Association for Counselling and Psychotherapy (BACP) accredited Diploma Course in Counselling, and CPD for the counselling and allied professions.

About Network – How it Works

Network’s provision of affordable counselling is made possible by support from volunteered services, charitable monetary gifts, income from training and room hire, the effective management of running costs, and fundraising efforts.

Volunteer counsellors typically offer 3 sessions of counselling a week, at the charity’s building in Elm Park, Filton, Bristol, and at St Luke’s Church in Bath. Volunteer counsellors receive free supervision, professional indemnity insurance and travel costs, as well as discounted CPD training.

Members of the Board of Trustees

The members named below have held office from 1 August 2020 to the signing date of this report unless otherwise stated:

Eileen Cahill (Chair), Elected Dec 2012

Phillip Corbin (Treasurer), Elected April 2009

Vicky Elliott Co-opted June 2013, Elected Feb 2014

Stephen Lyne, Elected November 2018

Simon Taylor, Elected September 2021

2

NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 JULY 2021

Staffing matters

At the beginning of the financial year 2020/2021, Network made the deeply challenging decision, prompted by the Covid pandemic effect on its working processes, to consult staff about proposed redundancies. From April 2020 onward, the Covid pandemic necessitated closure of our building at various points, furlough of reception staff, a very limited return to the building and a much changed nature of the way in which we were able to welcome clients safely. As a result, the four receptionist roles were placed at risk, and following consultation with staff two receptionists, Sue Baker and Julie Bryant, elected to take voluntary redundancy in October 2020. The Trustees recognise how difficult this process was for the whole team. They are deeply grateful to Sue Baker and Julie Bryant for the many years of loyal and committed service which they gave to Network over many years, and for the warmth and care with which they received clients and supported counsellors. Anne Geary and Jackie Bishop interviewed successfully for two new Administrator roles, and Bookkeeper Jackie Jones was successfully appointed to the new role of Office Manager.

The year has seen some staff move on from Network, including self-employed Fundraiser Sue Payne, Counselling Co-ordinator David Goldstein and Administrator Jackie Bishop, all of whom did very valuable work. We also said goodbye to long term Tutors, Yvette Perryman and Nigel Gibbons, both of whom made great contributions during their time on the Advanced Certificate and Advanced Diploma courses. The Trustees are grateful for the work that staff have done for Network, and the strength they brought to the team.

Network also welcomed several new members of staff, including Rhea Hughes as Counselling Coordinator and in June the first two Counsellors joined the team on a fixed term basis to deliver sessions as part of the Emerging Stronger project. We also welcomed new Tutors Fiona Morrison to the Advanced Certificate and Emma Duncan to the Advanced Diploma along with Erika Teucher who joined the Advanced Certificate Team as skills facilitator.

Overall 12 staff were employed, all on a part-time basis. They amounted to a full-time equivalent staffing of 4.3 people.

The Trustees would like to express their gratitude for the resilience and commitment the staff team have shown during a year of unique challenges and uncertainty, and continue to uphold them in prayer.

Achievements and Performance

During the year activities focussed on delivering the key objectives of Network’s 2019 – 2023 four year strategy (available on our website) as well as undertaking a review of the strategy in light of the changing external context brought about by Covid, and other significant social movements during 2020.

The main activities undertaken during the year to deliver the strategy include the following:

3

NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2021

advertising for counsellors in a more focussed way on Network’s website and social media. We have received an encouraging response, with enquiries from qualified and experienced counsellors which were in the recruitment process at the end of this reporting period. The work volunteer counsellors do with their clients is at the heart of Network’s mission, and we are indebted to their generosity and commitment to helping those who come to us in need.

Since being compelled to make our counselling service available remotely in the previous financial year we have seen an unexpected continued interest in remote counselling. Being able to engage in counselling over the phone or via online video conferencing makes counselling more accessible for people who have difficulty travelling either due to transport and financial limitations, or constraints around time away from home. Forty per cent (40%) of clients would only like to have remote counselling, and 78% of clients are happy to have remote counselling. For 22% of clients in person counselling is the only way they wish to and/or are able to access counselling, with questions around availability of a private space and access to technology for some groups. Offering affordable counselling to residents in the local community in Filton, Patchway, Southmead and Lockleaze, as well as clients on low incomes from across Bristol.

Network has continued to receive clients on low incomes from the local community and across Bristol, both for in person and remote counselling. During the year 34% of our clients were on very low incomes of below £750 a month, and 66 % were on incomes of below £1250 a month.

Following a successful fundraising campaign our Emerging Stronger project was launched in June. The project aims to significantly increase the number of sessions offered to people on very low incomes of less than £750 a month. It will run for a 12 month period. It is a funded response to the increased need for accessible counselling created by the financial, social and emotional challenges of the Covid pandemic.

The main areas of charitable activity are the provision of individual counselling and quality, accredited professional counselling training.

4

NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2021

Counselling

Network offers affordable counselling by qualified counsellors and by counsellors who are in training at Diploma level 5 or above. Our counselling service is based on a Person Centred approach, though we do have counsellors who use other therapeutic approaches. Counselling at Network works with the whole person, physical, emotional and spiritual. Christian counsellors are able to work with clients in a way that specifically incorporates their beliefs, should they wish, and all counsellors are comfortable working with spirituality of any form, or none, as directed by the client.

Clients are able to access up to 40 sessions, with clients receiving an average of 15 sessions. On the rare occasions when it is therapeutically indicated, clients can receive more than 40 sessions.

A total number of 287 clients received initial assessments or weekly counselling during the year, with a total of 3190 sessions provided. Though session numbers have varied across the year the total is almost exactly the same as the previous year 2019-20 (3188 sessions). This is in spite of the very difficult backdrop of Covid-19 and the significant challenges and changes that have resulted.

----- Start of picture text -----
Sessions per month
400
300
200
100
0
----- End of picture text -----

A review of how client contributions are managed took place during this year and was agreed in May 2021. Network will continue to offer affordable counselling to all, inviting clients to contribute an amount in line with their income. It is core to our service that financial circumstances are not a barrier to accessing quality, professional support. This will be implemented in the coming financial year.

Throughout the changes in Covid-19 restrictions, Network continued to offer clients a choice of accessing counselling online, on the phone or in person. Clients have varying preferences, with some only wanting to see a counsellor in person, and others choosing remote counselling, perhaps preferring the safety and comfort of home, not needing to travel, and/or continuing anxieties about Covid. The chart below shows the preferences of clients:

----- Start of picture text -----
Client preferences for engaging with
counselling
In person
counselling
only, 22%
Either, 38%
Remote
counselling
only, 40%
----- End of picture text -----

5

NETWORK COUNSELLING AND TRAINING LIMITED

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2021

Network continues to support a small number of counsellors who have decided to remain online for the foreseeable future – for instance because of underlying health conditions or distance from Network.

Finally, to demonstrate the importance of the work Network does to make counselling affordable and available, comments made by clients in the past 12 months are presented here. “I have had counselling a few times in the past but this was by far the best experience I have had. Not just the shorter waiting time but the service itself. [My counsellor] was fantastic and I wish her all the best in the future once qualified! I can't thank her enough.”

“I'm very grateful for the service Network has provided. I have made great advancements in one particular relationship in my life that I struggled with and it is unlocking happiness for me in other areas of my life.”

“I am so grateful to Network for giving me access to counselling when I thought it wasn't available to me. It has changed me and brought me life. I am a different person from the one who started counselling a year and a half ago. I have learnt so much about myself and can see my past in a more truthful way. One of the best things I have done in my life.”

The organisation continues to adhere to the ethical guidelines and standards set by the BACP, of which it is a member.

Training

Network offers training in listening and counselling skills from Introductory level to Advanced Diploma and beyond.

During the year 45 students joined our two introductory courses, Being There and A Way of Being, developing listening and introductory counselling skills for use in their communities, faith groups or in caring roles. These courses were delivered online, which proved very successful, and we were thrilled to welcome students from all over the UK and as far away as Greece. Our new, third introductory course On Becoming a Person ran in the summer term with 12 students. The course was well received, and we were able to offer the course in person and online, this offered us a few technical challenges, but on the whole was very successful. We were pleased to welcome Sue Bater and Erika Teucher onto the Introductory Course Tutor Team.

The pandemic meant that we were unable to offer our CPD programme but, whilst limited, we were able to offer Exploring Professional Practice Groups online. These were attended by Network and external counsellors and included discussions around the menopause, the impact of Covid on our therapeutic work and what we mean by relationships for growth.

Our Advanced Certificate and Advanced Diploma Tutors and students had various challenges with working online for most of the academic year but managed extremely well. During the summer term some students returned in small groups to the building, whilst others worked from home. Tutors worked extremely hard to ensure that all students were able to access the training day either from home or at Network.

Throughout this year, with all the new and unplanned for challenges of working through a pandemic, and delivering a rich and personal training experience online, the training team met all the requirements of the Professional bodies who accredit the training courses. The National Counselling Society (NCS) provides Quality Assurance for our Advanced Certificate, and the British Association for Counselling and Psychotherapy (BACP), accredits our Advanced Diploma course. During this demanding year, we were also successful in the Advanced Diploma course being re-accredited with the BACP, and we are very grateful to Sue Cater for the tremendous job she did working the BACP to ensure the course retains its accreditation.

6

NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2021

The Training Team have been extremely busy this year with a truly unprecedented level of interest in all our courses. In response, they offered online Information Events enabling over 60 people to attend over two sessions. Other major work has been developing plans to introduce an additional Advanced Diploma Cohort starting in September 2021. Network’s Training Department works strenuously to provide courses and teaching of an excellent quality. While accreditation by professional bodies is one measure of its achievement, student feedback is another measure, just as important.

‘The warm, generous and supportive nature of all the tutors came across consistently’

‘Both facilitators teach with passion’

‘The teaching remains to a very high standard, and I have been so grateful that Covid has not stopped us from continuing our learning to become counsellors. I know this is a wider team effort and I would like to offer my thanks to Network as a whole for the hard work that goes into keeping it all going’

‘This term has been fantastic, and I have really appreciated the tutor input. They are both experienced and passionate about the subject matter and it really brings the theory to life’

‘I’m very thankful for all the course leaders and administrators in working so hard to ensure we learn and grow. It feels like (and is) a real privilege to be on this course’

Financial review

In financial terms the year has been an unexpectedly positive year for Network. The Trustees are very pleased to have paid off £45,000 of short term loan commitments, and Network has been able to return, without difficulty, from the various loan repayment holidays to normal scheduled repayments. Unrestricted Trust income has been considerably lower than previous years and represents an area of concern for the coming year.

Training income was healthy throughout due to significant demand for our introductory courses, and because a second Advanced Diploma course is taking place in 2021/22 there are significant deposits for training during the coming year that are present in the end of year accounts for 2020/2021.

Voluntary income was significantly boosted in the early part of the year. The Emerging Stronger project was very well supported by funders, and we are deeply grateful to our individual donors who have continued to support our much needed work. The Trustees, on behalf of clients, students, counsellors and the staff team, give thanks for the funding received during that year from:

Clients have continued to contribute towards their sessions at levels similar to the previous year, but the amount contributed have fallen from an average of £14.34 per session in the year 2019/2020 to an average of £11.17 per session in the year 2020/2021.

The year ends with an overall surplus of £54,551 for the year and £549,884 in general funds although significantly £494,601 of the value of general funds is held within tangible fixed assets (£873,156 of unrestricted tangible fixed assets, supported by loans of £378,555). This leaves £55,283 in free reserves. Free reserves are considered to be unrestricted general funds, less fixed assets and supporting loans.

7

NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2021

Results and State of Company Affairs

The state of the Company’s affairs is shown in the financial statements and notes.

Plans for 2020/21

Network strategy 2019-23

After two years of considerable uncertainty, core work planned for the year is focussed around:

Risk Management

The Trustees met regularly throughout year and received regular reports to inform their risk assessments and mitigating actions. They continue to review the major risks to which the charity is exposed, and measures are in place to mitigate these risks.

Reserves Policy

The Board of Trustees’ approved reserve policy follows guidance published by the Charity Commission. The policy is reviewed annually.

During the year the Trustees reviewed the reserves policy in light of continued uncertainty in the external environment. At the close of the year the policy is to hold £45,000 in reserves. The 2020/21 policy review will reflect the extended financial commitments represented by the second Advanced Diploma running in 2020/21, which was confirmed only shortly before year end.

As at 31 July 2021, the cash reserves were £120,935 which is well above the current policy of £45,000. £29,000 of this is deferred income as we are holding deposits for three training courses running in 2021/22. During the year 2021/22 the Trustees expect costs to be higher as staff remuneration has been improved to near charity sector benchmark figures, and short-term loan repayments continue. Forecasts also reflect the more challenging Trust and Foundation fundraising climate, and it is expected costs will exceed income in the year 2021/22.

8

NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2021

Statement of trustees’ responsibilities

The trustees (who are also directors of Network Counselling & Training Limited for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

DECLARATION

The annual report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and was approved by the Board of Trustees on

………………………..

Signed on its behalf by:

……………………………………………. Eileen Cahill, Chair of Trustees

9

NETWORK COUNSELLING AND TRAINING LIMITED INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

YEAR ENDED 31 JULY 2021

Independent examiner’s report to the trustees of Network Counselling & Training Limited (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.

.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston ACA Burton Sweet Ltd The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: ……………………………

10

NETWORK COUNSELLING AND TRAINING LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) YEAR ENDED 31 JULY 2021

Note
Income from:
Donations and legacies
2
Other trading activites
3
Investment income
Charitable activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Total funds at 1 August 2020
Total funds at 31 July 2021
16		 General
Designated
£
£
96,116
-
2,570
-
79
-
126,547
-
225,312
-
4,393
-
181,037
-
185,430
-
39,882
-
(1,001)
-
38,881
-
511,003
-
549,884
-
Unrestricted		 Restricted
Funds
£
70,492
-
-
-
70,492
-
55,823
55,823
14,669
1,001
15,670
51,377
67,047		 Total Funds
2021
£
166,608
2,570
79
126,547
295,804
4,393
236,860
241,253
54,551
-
54,551
562,380
616,931		 Total Funds
2020
£
187,847
12,858
-
105,763
306,468
3,655
238,135
241,790
64,678
-
64,678
497,702
562,380

The charity has no recognised gains or losses other than the results for the year as set out above

All of the activities of the charity are classed as continuing

Prior year fund comparatives are shown in note 11

The notes on pages 13 to 21 form part of these financial statements

11

NETWORK COUNSELLING AND TRAINING LIMITED

BALANCE SHEET

AS AT 31 JULY 2021

Company No. 01951370

Note
Fixed Assets
Tangible assets
12
Current Assets
Debtors
13
Cash at bank and in hand
Creditors : Amounts falling due
within one year
14
Current Assets Less Current Liabilities
Creditors : Amounts falling due
after more than one year
15
Net assets
Funds
Unrestricted funds
17
Restricted funds
17		 2021
£
1,736
120,935
122,671
(87,783)		 908,129
34,888
(326,086)
616,931
549,884
67,047
616,931		 2020
£
1,667
100,247
101,914
(104,687)		 928,912
(2,773)
(363,759)
562,380
511,003
51,377
562,380

For the year in question, the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities;

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the trustees on …............................ and are signed on their behalf by:

Eileen Cahill

Chair of Trustees

The notes on pages 13 to 21 form part of these financial statements

12

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

1 Accounting policies

The charity is a public benefit entity as defined under FRS102.

The trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern, despite the impact of Covid-19, and therefore the financial statements are prepared on the going concern basis. Please see going concern comments in the Financial Review section of the Trustee's Report for more details of this justification.

Freehold Property 2% straight line Leasehold Property 123 years Plant & Machinery 4% straight line Fixtures & fittings 25% straight line

13

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

2 Donations and legacies

Counselling client donations
Charitable donations and grants
Prior year comparative
Counselling client donations
Charitable donations and grants
Subscriptions		 Unrestricted Restricted
Funds
Funds
£
£
39,924
64
56,192
70,428
96,116
70,492
Unrestricted Restricted
Funds
Funds
£
£
53,648
-
103,315
30,739
145
-
157,108
30,739		 Total Funds
2021
£
39,988
126,620
166,608
Total Funds
2020
£
53,648
134,054
145
187,847

3 Other trading activities

Room hire
Fundraising events and activities		 Unrestricted Restricted
Funds
Funds
£
£
1,958
-
612
-
2,570
-		 Total Funds
2021
£
1,958
612
2,570		 Total Funds
2020
£
11,861
997
12,858

All income from other trading activities in 2020 was unrestricted.

4 Income from charitable activities

Training Unrestricted Restricted
Funds
Funds
£
£
126,547
-
126,547
-		 Total Funds
2021
£
126,547
126,547		 Total Funds
2020
£
105,763
105,763

All income from charitable activities in 2020 was unrestricted.

14

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

----- Start of picture text -----
5 Expenditure on raising funds
Total Funds Total Funds
2021 2020
£ £
Fundraising costs 4,393 3,655
4,393 3,655
6 Charitable activities expenditure
Total Funds Total Funds
2021 2020
£ £
Direct costs
Premises costs 150 125
Training courses and CPD costs 9,957 9,431
Sundry counselling costs 307 1,731
Counsellor supervision 19,823 18,564
Wages and salaries 85,377 69,598
Support costs
Rent and rates 4,734 9,969
Repairs and maintenance 4,521 2,367
Cleaning 4,469 3,764
Utilities 3,863 5,232
Printing, postage & stationery 1,777 1,763
Telephone 748 774
Insurance 4,020 2,640
Legal & professional fees 124 1,620
Sundry support costs 1,413 2,022
Household costs 64 298
IT 16,946 4,973
Wages & salaries 51,641 63,320
Other staff costs 350 354
Depreciation 20,783 20,783
Governance costs (note 7) 1,820 2,054
Loan interest 3,973 16,753
236,860 238,135
----- End of picture text -----

15

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

7 Governance Costs

----- Start of picture text -----
|||| |---|---|---| |Total Funds|Total Funds| |2021|2020| |£|£| |Independent examiner's fee:| |For current independent examination|1,092|1,050| |For current year accounts preparation|728|1,004| |1,820|2,054|

----- End of picture text -----

8 Net income/expenditure for the year

This is stated after charging:

----- Start of picture text -----
|||| |---|---|---| |Total Funds|Total Funds| |2021|2020| |£|£| |Depreciation|20,783|20,783| |Independent examiner's fee|1,820|2,054|

----- End of picture text -----

No Trustees received any remuneration or reimbursement for expenses during the year or the previous year.

Aggregate donations from Trustees, key management personnel and related parties were £2,500 (2020: £5,016).

9 Staff costs and numbers

----- Start of picture text -----
|||| |---|---|---| |The aggregate payroll costs were:|Total Funds|Total Funds| |2021|2020| |£|£| |Wages and salaries|135,394|131,541| |Social security costs|-|822| |Employer's pension contributions|1,253|1,411| |136,647|133,774|

----- End of picture text -----

No employee received emoluments of more than £60,000.

The Trustees consider themselves, along with the Chief Executive to be the key management personnel of the charity. During the year, the Chief Executive was paid total employment benefits (gross salary, employer's NI and employer's pension) of £17,869 (2020: £17,884).

16

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

9 Staff costs and numbers (continued)

The average number of employees during the year was as follows:

Average headcount of employees Total
2021
No.
13		 Total
2020
No.
14

10 Taxation

The charity is exempt from corporation tax on its charitable activities.

11 Prior year fund comparatives

Income from:
Donations and legacies
Other trading activites
Charitable activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net expenditure
Transfers between funds
Total funds at 1 August 2019
Total funds at 31 July 2020		 General
Designated
£
£
157,108
-
12,858
-
105,763
-
275,729
-
3,405
-
219,640
-
223,045
-
52,684
-
454,549
(454,549)
3,770
454,549
511,003
-
Unrestricted funds		 Restricted
Funds
£
30,739
-
-
30,739
250
18,495
18,745
11,994
-
39,383
51,377		 Total Funds
2020
£
187,847
12,858
105,763
306,468
3,655
238,135
241,790
64,678
-
497,702
562,380

17

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

12 Tangible fixed assets

Cost
At 1 August 2020
At 31 July 2021
Depreciation
At 1 August 2020
Charge for the year
At 31 July 2021
Net book value
At 31 July 2021
At 31 July 2020		 Freehold
Property
928,889
928,889
37,156
18,578
55,734
873,155
891,733		 Leasehold
Property
43,361
43,361
8,469
353
8,822
34,539
34,892		 Plant &
Machinery
£
46,290
46,290
44,004
1,852
45,856
434
2,286		 Fixtures &
Fittings
£
42,093
42,093
42,092
-
42,092
1
1		 Total
£
1,060,633
1,060,633
131,721
20,783
152,504
908,129
928,912

The leasehold property, leasehold improvements and certain other assets are situated in Knowle, Bristol and are used by our partner charity, Filwood Hope (see note 16).

The trustees have chosen to carry the above freehold property at cost less depreciation. At the year end the net book value of £873,155 (2020: £891,773) was substantially in excess of the market value, which was considered to be £500,000.

13 Debtors

Other debtors
Tax recoverable
14 Creditors: amounts falling due within one year
Social security and other taxes
Accruals and deferred income
Other creditors		 2021
£
1,385
351
1,736
2021
£
-
35,314
52,469
87,783		 2020
£
145
1,522
1,667
2020
£
487
40,149
64,051
104,687

18

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

15 Creditors: amounts falling due after more than one year

Other creditors 2021
£
326,086
326,086		 2020
£
363,759
363,759

Included within other creditors due within 1 year and after more than 1 year is a loan from Triodos Bank. The Bank holds a fixed and floating charge over the land at Elm Park, Filton, Bristol as security for repayment of the loan.

16 Movement in funds

Unrestricted funds
General reserve
Restricted funds
Filwood Hope
Emerging Stronger
Core costs
Counselling
Total funds		 At
1 Aug
2020
£
511,003
511,003
51,377
-
-
-
51,377
562,380		 Income
£
225,312
225,312
-
33,014
37,478
-
70,492
295,804		 Expenditure
Transfers
£
£
(185,430)
(1,001)
(185,430)
(1,001)
(2,205)
(14,199)
(1,540)
-
(39,214)
1,736
(12,864)
13,464
(55,823)
1,001
(241,253)
-		 At
31 Jul
2021
£
549,884
549,884
34,973
31,474
-
600
67,047
616,931

The majority of our supporters donate towards the work of Network as a whole, entrusting us to steward their donations well and use them where they are most needed. Some funds are donated with specific requirements around what they are spent on.

Restricted funds

Filwood Hope - The Filwood Hope fund was set up during the year ended 30 June 1994 when the company received a gift of £60,000 from the Mervyn Scott-Lindsey Trust to enable the setting up of a dropin centre in the Knowle West district of Bristol. The company purchased a leasehold property in Knowle West with a term of 123 years for the use of Filwood Hope Project. Substantial improvements were made to the property using funds designated for the purpose. The Filwood Hope Project now operates as a separate charity with its own trustees. The movements above represent the depreciation of the original investment in the property and the subsequent improvements. The transfers this year were required due to a correction as other restricted funds were allocated to the Filwood Hope fund in error in the 2020 acounts.

19

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

16 Movement in funds (continued…)

Emerging Stronger - The Emerging Stronger project is a specific piece of work designed to signficantly increase the amount of counselling we can offer to people on very low incomes, running for 12 months. The funding of several Trusts and Foundations is in response to funding requests for the costs associated with this project only.

Core costs - Network is deeply grateful for the support of those Trusts and Foundations who specifically support the core costs involved in running our charity, including the costs associated with our premises, office, administrative and management salaries and the costs of us raising more funds.

Counselling - Some supporters, including Trusts and Foundations, other organisations or groups, and individuals, donate to our work in response to a specific funding request. Where this request is specifically and explicitly for costs directly and immediately associated with the delivery of affordable counselling these funds are 'restricted' to Counselling.

Designated funds

The designated St Andrews fund did represent the value of the property at Elm Park in Filton, less the balances on loans taken out for the purpose of acquiring the property and work required to bring it into use. The Trustees decided to no longer designate funds in this way.

Movement in funds - prior year

Unrestricted funds
General reserve
Designated funds
St Andrews
Restricted funds
Filwood Hope
Total funds		 At
1 Aug
2019
£
3,770
454,549
458,319
39,383
39,383
497,702		 Income
£
275,729
-
275,729
30,739
30,739
306,468		 Expenditure
Transfers
£
£
(223,045)
454,549
-
(454,549)
(223,045)
-
(18,745)
-
(18,745)
-
(241,790)
-		 At
31 Jul
2020
£
511,003
-
511,003
51,377
51,377
562,380

20

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

17 Analysis of net assets between funds

General
Designated
Funds
Funds
£
£
Tangible fixed assets
873,156
-
Loans
(378,555)
-
Other net assets
55,283
-
549,884
-
Analysis of net assets between funds - prior year
General
Designated
Funds
Funds
£
£
Tangible fixed assets
891,734
-
Loans
(427,810)
-
Other net assets
47,079
-
511,003
-		 Restricted
Funds
£
34,973
-
32,074
67,047
Restricted
Funds
£
37,178
-
14,199
51,377		 Total Funds
2021
£
908,129
(378,555)
87,357
616,931
Total Funds
2020
£
928,912
(427,810)
61,278
562,380

18 Operating Leases

At 31 July the company had aggregate annual commitments under non-cancellable operating leases as set out below:

Operating leases which expire:
Less than 1 year
Within 2 to 5 years		 2021
2020
£
£
1,056
1,056
-
1,056
Land & buildings

19 Company limited by guarantee

The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £10 each.

20 Related party transactions

There are no further related party transactions in this year or the prior year other than those reported elsewhere in these financial statements.

21