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2022-07-31-accounts

NETWORK COUNSELLING AND TRAINING LIMITED FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022

Company Number 01951370 Charity Number 292801

NETWORK COUNSELLING AND TRAINING LIMITED FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2022

CONTENTS PAGES
Reference & Administrative Information 1
Trustees’ Annual Report 2-7
Independent Examiner’s Report to the Trustees 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11-19

NETWORK COUNSELLING AND TRAINING LIMITED REFERENCE & ADMINISTRATIVE INFORMATION

YEAR ENDED 31 JULY 2022

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 (Resigned November 2021) Vicky Elliott (Resigned May 2022) Stephen Lyne (Treasurer) Simon Taylor (Appointed September 2021)

Company Secretary Rita Smith (Resigned February 2022) Mat Ray (Appointed February 2022)

Senior Management Team

Rita Smith CEO resignation effective 28 Feb 2022 Mat Ray CEO in post 01 March 2022 Anne Duke Head of Training Andrew Dale Head of Counselling. Resigned Oct 2021. Post vacant at year end.

Registered office Elm Park Filton Bristol BS34 7PS

Independent Examiner

Joshua Kingston ACA Burton Sweet Limited 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

Triodos Bank Uk Ltd Deanery Road Bristol BS1 5AS

Solicitors

Capstone Solicitors 62 Gloucester Road Bristol BS8 4AN

1

NETWORK COUNSELLING AND TRAINING LIMITED

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2022

About Network

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 16 July 2008.

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

Network – Its Objectives and Purpose

About Network – What is it, How it works

Network 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, a British Association for Counselling and Psychotherapy (BACP) accredited Advanced Diploma Course in Counselling, and CPD for the counselling and allied professions.

Network provides affordable counselling using a combination of volunteer counsellors and trainees on the Adv Diploma course. Counsellors offer weekly counselling at the charity’s building in Elm Park, Filton, Bristol, and at St Luke’s Church in Bath. Volunteer counsellors are managed and supported by Network staff and receive free professional supervision.

Network’s provision of affordable counselling is made possible by support from volunteered services, charitable monetary gifts from supporters and Trusts, income from training and room hire, and fundraising efforts.

Public Benefit

The Trustees have given due regard to the public benefit guidance issued by the Charity Commission and are confident that Network meets Charity Commission requirements. It confers public benefit by providing low-cost counselling to many who require it.

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.

Network’s day to day functioning is divided into three areas –Training, Counselling and Operations.

TRAINING REPORT

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

During the year, 25 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.

2

NETWORK COUNSELLING AND TRAINING LIMITED

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2022

The Advanced Certificate course saw 18 students joining in September 2021.

After many years of planning, we were pleased that 2021 saw us introduce an additional cohort of Advanced Diploma Students. It has been a long-term Network plan to run the Advanced Diploma with an annual intake.

Thirteen Year 2 Advanced Diploma students returned in September. There were some challenges in getting placements underway and this has been an ongoing challenge this year. Both the Counselling Department and Training Department are working collaboratively to resolve these delays and see a smoother process in the future.

Year 3 Advanced Diploma students completed their qualification over the course of this year.

Throughout this year, the Training Team have remained up to date with the requirements of the Professional bodies, the National Counselling Society (NCS) who offer Quality Assurance for our Advanced Certificate and the British Association for Counselling and Psychotherapy (BACP), who accredit our Advanced Diploma course.

Our courses and teaching are of an excellent quality, often reflected in student feedback:

- ‘I feel very grateful to the tutors and course management team for giving me this unique and life changing experience! It honestly is such a terrific course because it is planned and delivered excellently’.

‘ My Personal Development group is expertly run with warmth, sensitivity, and gentle encouragement to push our own boundaries, and I'm grateful for the emphasis on this level of personal development in order to prepare me for my subsequent training journey.’

‘I would recommend this wholeheartedly and emphatically to anyone who wants to push themselves to be the absolute best counsellor they can be, which is a testament both to the content and the structure, but absolutely to the tutors and how it's delivered as well.’

Anne Duke

Head of Training

November 2022

COUNSELLING REPORT

During 2021/22, Network delivered counselling using a combination of volunteer counsellors, Year 2 trainees on the Adv Diploma course, and counsellors employed on the Emerging Stronger programme. Counselling at Network works with the whole person, physical, emotional and spiritual. Christian counsellors are able to work with clients in a way that incorporates their beliefs, if they wish it, and all counsellors are comfortable working with spirituality of any form or none, as directed by the client.

The year was one of significant challenge for the counselling department, with a rising demand for counselling due to Covid and the pressures of lockdown. At the same time, there was increasing – complexity of presenting needs often due to overwhelmed statutory mental health provision.

Matching clients to counsellors became a laborious process using the unwieldy new CRM database. By November we had a long waiting list and decided to close the waiting list for the rest of the year. The exception was the Emerging Stronger programme which was prioritised to target the poorest clients and to use the funds specifically entrusted to Network for that purpose.

3

NETWORK COUNSELLING AND TRAINING LIMITED

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2022

Activity Data Producing data about counselling activity during 2021/22 was affected by the difficulties with the CIVI CRM system. The following figures very possibly undercount the true level of activity. Network assessed and delivered counselling to 290 clients, and delivered at least 2,553 sessions, counting both assessments and counselling. The numbers include clients seen on the Emerging Stronger programme. About ¼ of our clients paid nothing and another ¼ paid less than £10 per session.

It is notable that Network’s counsellors and staff worked with as many clients during 2021/22 as during the previous year.

Counselling Clients’ Comments

I am so grateful to Network that I was able to access the counselling I so badly needed at a cost I could afford. Truly I have found the counselling I received to be life changing.

Very grateful for this service. It was amazing to find something that wasn't reliant on me having an income, this would have been prohibitive, and it was when I most needed some support, post cancer, menopause and lockdown!

As someone from an African background, I was slightly skeptical about trying counselling. However my experience has been life changing, inspiring, encouraging.

OPERATIONS REPORT

1. Achievements and Performance

Staff Conditions improved

The Sickness Policy was amended so that staff receive full pay from Network for the first 3 days of sickness, after which Statutory Sick Pay begins.

Pay rates for Administrators at Network were raised from the minimum wage level to living wage levels. After more than 10 years, the salaries of the Head of Counselling, Head of Training and Chief Executive positions were benchmarked to similar positions in other charities, and upward adjustments in pay introduced. Supervisor rates were increased to market levels so as to retain staff.

Loan Repayment

In September 2021, Network paid off the final £10,000 instalment of a short-term unsecured loan to Westbury on Trym Baptist Church. The generous £75,000 loan was key to securing the purchase and refurbishment of Network's premises at Elm Park during 2017.

Emerging Stronger Counselling for those on low income

The Emerging Stronger project ran throughout 2021/22. This counselling service was designed by Network to respond specifically to the impact of Covid-19 on the mental wellbeing of those in our local community on low and very low incomes.

The project faced a number of challenges which meant a lower than expected take-up. The funding Trusts agreed to its extension until December ’22. Results will be available in next year’s report.

4

NETWORK COUNSELLING AND TRAINING LIMITED

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2022

2. Challenges during 2021/2022

IT Civi CRM database:

Staffing:

FINANCIAL REVIEW

This year has been financially difficult for Network. Income fell at a time when costs are rising, resulting in a deficit of £28,030.

The main features that resulted in a deficit included:

Reserves Policy

The Board of Trustees’ approved reserve policy follows guidance published by the Charity Commission. The policy is reviewed annually. At year end, 31 July 2022 the ‘free cash reserves’ were £30,678, substantially below the £45,000 minimum agreed by the Trustees. The Trustees aim to restore the reserves to the agreed level during 2022-23.

FUTURE PLANS

Network’s financial challenges necessitate the adoption of a 3-year Transformation Plan as follows.

2022/2023

Run a fundraising Transformation Appeal to enable Network to establish a new, sustainable business model. Reduce costs and generate additional income to ensure a balanced budget for 2023/2024.

2023-2024

Consolidate the changes of the previous year. Embed good financial practices and robust systems. Continue to ensure students receive high quality training and clients receive timely, quality counselling with measurable outcomes.

5

NETWORK COUNSELLING AND TRAINING LIMITED

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2022

2024-2025

Explore ways of expanding Network’s offer to the poorest members of our community: for example by raising funds to sponsor ‘bundles’ of very low cost counselling, and/or to set up training bursaries for students from low-income and under-represented backgrounds.

FUNDING SOURCES

– Thank you to the Trusts who generously funded Network to deliver the Emerging Stronger Project

the National Lottery Community Fund, All Churches Trust (now the Benefact Trust), the Singer Foundation, Quartet Community Express Grants, the Medlock Charitable Trust and the Souter Charitable Trust.

Thank you to the Quartet Community Foundation's Resilience Fund which provided a grant to customise and embed our new CIVI CRM database.

– Thank you to the following Trusts which gave unrestricted funds to Network

the Burden Trust, the Jack Lane Charitable Trust, the James Tudor Foundation, the Dame Violet Wills Trust, the Arnold Clark Community Fund.

Thank you to Henbury Golf Club which adopted Network as their charity of the year.

Thank you to the following churches which have been generous and committed supporters of Network – for many years

St Michael’s Parish Church, Stoke Gifford; Westbury-on-Trym Baptist Church; Zion United Church, Frampton Cottrell; Tyndale Baptist Church, Clifton; All Saints Church, Fishponds; Stapleton Parish Church.

Finally, thank you to the many loyal individuals who believe in the work which Network does, and who financially support Network every month.

Network received no income from public monies.

The Trustees are grateful for the loyalty and commitment shown by staff to Network which was humbling and inspiring.

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:

6

NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2022

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:

27 February 2023

………………………..

Signed on its behalf by:

…………………………………………….

Eileen Cahill, Chair of Trustees

7

NETWORK COUNSELLING AND TRAINING LIMITED

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

YEAR ENDED 31 JULY 2022

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 2022

.

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 Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: ……………………………27 February 2023

8

NETWORK COUNSELLING AND TRAINING LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) YEAR ENDED 31 JULY 2022

Note
Income from:
Donations and legacies
2
Other trading activities
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 2021
16
Total funds at 31 July 2022
16		 Unrestricted Restricted
Funds
Funds
£
£
29,313
30,566
11,236
-
43
-
199,966
996
240,558
31,562
48
-
279,604
20,498
279,652
20,498
(39,094)
11,064
-
-
(39,094)
11,064
549,884
67,047
510,790
78,111		 Total Funds
2022
£
59,879
11,236
43
200,962
272,120
48
300,102
300,150
(28,030)
-
(28,030)
616,931
588,901		 Total Funds
2021
Restated
£
126,620
2,570
79
166,535
295,804
4,393
236,860
241,253
54,551
-
54,551
562,380
616,931

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 11 to 19 form part of these financial statements

9

NETWORK COUNSELLING AND TRAINING LIMITED

BALANCE SHEET

AS AT 31 JULY 2022

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		 2022
£
12,538
88,052
100,590
(86,845)		 888,249
13,745
(313,093)
588,901
510,790
78,111
588,901		 2021
£
1,736
120,935
122,671
(87,783)		 908,129
34,888
(326,086)
616,931
549,884
67,047
616,931

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 27 February 2023 behalf by:

Eileen Cahill

Chair of Trustees

The notes on pages 11 to 19 form part of these financial statements

10

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2022

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 50 years Plant & Machinery 4% straight line Fixtures & fittings 25% straight line

11

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2022

2 Donations and legacies

Charitable donations and grants
Prior year comparative
Charitable donations and grants
3
Other trading activities
Room hire
Fundraising events and activities		 Unrestricted Restricted
Funds
Funds
£
£
29,313
30,566
29,313
30,566
Unrestricted Restricted
Funds
Funds
Restated
Restated
£
£
56,192
70,428
56,192
70,428
Unrestricted Restricted Total Funds
Funds
Funds
2022
£
£
£
11,236
-
11,236
-
-
-
11,236
-
11,236		 Total Funds
2022
£
59,879
59,879
Total Funds
2021
Restated
£
126,620
126,620
Total Funds
2021
£
1,958
612
2,570

All income from other trading activities in 2021 was unrestricted.

4 Income from charitable activities

Training
Counselling client donations		 Unrestricted Restricted
Funds
Funds
£
£
169,050
-
30,916
996
199,966
996		 Total Funds
2022
£
169,050
31,912
200,962

12

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2022

Prior year comparative
Training
Counselling client donations
5
Expenditure on raising funds
Fundraising costs
6
Charitable activities expenditure
Direct costs
Premises costs
Training courses and CPD costs
Sundry counselling costs
Counsellor supervision
Wages and salaries
Support costs
Rent and rates
Repairs and maintenance
Cleaning
Utilities
Printing, postage & stationery
Telephone
Insurance
Legal & professional fees
Sundry support costs
Household costs
IT
Wages & salaries
Other staff costs
Depreciation
Governance costs (note 7)
Loan interest		 Unrestricted Restricted
Funds
Funds
Restated
Restated
£
£
126,547
-
39,924
64
166,471
64
Total Funds
2022
£
48
48
Total Funds
2022
£
300
6,442
4,104
28,477
114,102
4,093
5,187
5,965
6,311
2,825
847
3,546
1,321
1,928
136
18,928
58,436
865
19,880
2,260
14,149
300,102		 Total Funds
2021
Restated
£
126,547
39,988
166,535
Total Funds
2021
£
4,393
4,393
Total Funds
2021
£
150
9,957
307
19,823
85,377
4,734
4,521
4,469
3,863
1,777
748
4,020
124
1,413
64
16,946
51,641
350
20,783
1,820
3,973
236,860

13

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2022

7 Governance Costs

Independent examiner's fee:
For current independent examination
For current year accounts preparation		 Total Funds
2022
£
1,356
904
2,260		 Total Funds
2021
£
1,092
728
1,820

8 Net income/expenditure for the year

This is stated after charging:

Depreciation
Independent examiner's fee		 Total Funds
2022
£
19,880
2,260		 Total Funds
2021
£
20,783
1,820

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 £2,400 (2021: £2,500).

9 Staff costs and numbers

The aggregate payroll costs were:
Wages and salaries
Social security costs
Employer's pension contributions		 Total Funds
2022
£
169,265
1,217
2,056
172,538		 Total Funds
2021
£
135,394
-
1,253
136,647

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 £24,173 (2021: £17,869).

14

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022

9 Staff costs and numbers (continued)

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

Average headcount of employees Total
2022
No.
14		 Total
2021
No.
13

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 activities
Investment income
Charitable activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net expenditure
Transfers between funds
Total funds at 1 August 2020
Total funds at 31 July 2021		 Unrestricted Restricted
Funds
Funds
Restated
Restated
£
£
56,192
70,428
2,570
-
79
-
166,471
64
225,312
70,492
4,393
-
181,037
55,823
185,430
55,823
39,882
14,669
(1,001)
1,001
511,003
51,377
549,884
67,047		 Total Funds
2021
Restated
£
126,620
2,570
79
166,535
295,804
4,393
236,860
241,253
54,551
-
562,380
616,931

15

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2022

12 Tangible fixed assets

Cost
At 1 August 2021
At 31 July 2022
Depreciation
At 1 August 2021
Charge for the year
At 31 July 2022
Net book value
At 31 July 2022
At 31 July 2021		 Freehold
Property
928,889
928,889
55,734
18,578
74,312
854,577
873,155		 Leasehold
Property
43,361
43,361
8,822
867
9,689
33,672
34,539		 Plant &
Machinery
£
46,290
46,290
45,856
434
46,290
-
434		 Fixtures &
Fittings
£
42,093
42,093
42,092
1
42,093
-
1		 Total
£
1,060,633
1,060,633
152,504
19,880
172,384
888,249
908,129

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 £854,577 (2021: £873,155) was substantially in excess of the market value, which was considered to be £500,000.

13 Debtors

Other debtors
Tax recoverable
Creditors: amounts falling due within one year
Social security and other taxes
Accruals and deferred income
Other creditors		 2022
£
12,362
176
12,538
2022
£
694
43,207
42,944
86,845		 2021
£
1,385
351
1,736
2021
£
-
35,314
52,469
87,783

14 Creditors: amounts falling due within one year

16

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2022

15 Creditors: amounts falling due after more than one year

Other creditors 2022
£
313,093
313,093		 2021
£
326,086
326,086

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
2021
£
549,884
549,884
34,973
31,474
-
600
67,047
616,931		 Income
£
240,558
240,558
-
996
24,566
6,000
31,562
272,120		 Expenditure
Transfers
£
£
(279,652)
-
(279,652)
-
(1,301)
-
(5,301)
-
(7,896)
(6,000)
-
(20,498)
-
(300,150)
-		 At
31 Jul
2022
£
510,790
510,790
33,672
27,169
16,670
600
78,111
588,901

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.

17

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022

NETWORK COUNSELLING AND TRAINING LIMITED

16 Movement in funds (continued…)

Emerging Stronger - The Emerging Stronger project is a specific piece of work designed to significantly 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.

Movement in funds - prior year

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

18

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2022

17 Analysis of net assets between funds

Tangible fixed assets
Loans
Other net assets		 Unrestricted
Funds
£
854,577
(356,037)
12,250
510,790		 Restricted
Funds
£
33,672
-
44,439
78,111		 Total Funds
2022
£
888,249
(356,037)
56,689
588,901

Analysis of net assets between funds - prior year

Tangible fixed assets
Loans
Other net assets		 Unrestricted
Funds
£
873,156
(378,555)
55,283
549,884		 Restricted
Funds
£
34,973
-
32,074
67,047		 Total Funds
2021
£
908,129
(378,555)
87,357
616,931

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		 2022
2021
£
£
-
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.

19