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2023-07-31-accounts

NETWORK COUNSELLING AND TRAINING LIMITED FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2023

Company Number 01951370 Charity Number 292801

NETWORK COUNSELLING AND TRAINING LIMITED FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

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 2023

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) Anna Vigars (Appointed 17 July 2023) Helen Britten (Appointed 17 July 2023) Stephen Lyne (Treasurer) Simon Taylor

Company Secretary Mat Ray

Senior Management Team

Mat Ray CEO Anne Duke Head of Training

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 2023

ABOUT NETWORK

Our objectives

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

Meeting our objectives

Providing affordable counselling to adults

Training people in counselling skills

Network is financed through a mix of earned income from training fees, room hire and counselling payments as well as donated money from individuals, trusts and grant-makers.

Network’s 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).

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. Network 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.

COUNSELLING 2022-2023

During 2022-23, Network saw 203 clients, providing 2,232 counselling sessions.

Network’s counselling is:

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NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2023

Our clients:

Mental health challenges

(Information taken from 180 application forms Feb-July 2023)

Measuring success

This year we have started using the Warwick Edinburgh Mental Wellbeing Scale (WEMBS ) to measure the changes in clients’ lives. This scale was designed by academics and is used by both the NHS and governments to measure wellbeing. Clients complete questionnaires in their first and last sessions with us, so we can see the impact that Network is making. We piloted this measure with the Emerging Stronger project and then rolled it to across our whole service in the summer. Here are some information points gleaned from the questionnaire responses:

1. We help fight depression

It’s estimated that depression costs the UK £118 billion every year. The Health and Safety Executive recorded 17.1 million sick days due to stress and depression – significantly more than due to any other illness or injury.

Our assessment tool gives an overall score between 14 and 70. Scores under 41 indicate clinical depression and 41- 44 indicate mild to moderate depression. Our clients’ average score before counselling was 36, representing significant clinical depression. After counselling, the average score was 45, within the category of wellness.

2. We help build relationships

Counselling doesn’t just help individuals, it can strengthen relationships. 62% of our clients report feeling closer to other people after counselling.

3. We help clients get active

When people feel low it can be hard to stay active – they may feel tired or lacking in motivation and drive. But after Network counselling, over half our clients say they have more energy, and 60% say they are more interested in new things.

4. We help people to cope and function

Life can be demanding, but counselling can give people the skills to cope with the next challenge. 40% of our clients say they feel like they can deal with problems better at the end of counselling. 60% say they are thinking more clearly and half say they are more confident than before.

3

NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2023

5. We help people feel happier

We ask people about ‘feeling cheerful’ and ‘feeling good about myself’ before and after counselling. And we see huge changes – 73% of clients say they feel better about themselves and 27% of clients went from rarely feeling cheerful to often feeling cheerful! Overall, 85% of our clients report a statistically significant improvement in their mental wellbeing (as defined by a study from Warwick Medical School).

We also collect qualitative feedback from clients. Some recent client quotes:

Emerging Stronger

Emerging Stronger was our response to Covid-19 and its impact on the mental wellbeing of those on the lowest incomes in our community. It was funded by a number of generous trusts and ran from the summer of 2021 until December 2022.

In total, we worked with 65 people who would otherwise had no way of accessing the support they needed. We delivered over 700 sessions of safe, confidential counselling. Clients presented with a wide range of issues: anxiety, stress, depression, low self-esteem, relationship issues (including sexual issues, abuse and domestic violence), loneliness, eating and body issues, financial problems, trauma and anger. These had either been triggered or exacerbated by Covid-19 and lockdown.

Feedback from clients was consistently positive:

Using the Warwick-Edinburgh Mental Wellbeing Scale gave us a great insight into the changes in our clients’ lives. At the start, an average score of under 34 put our clients in the lowest 15% of the population for wellbeing. But 87% of clients reported significant change. In particular, we saw a huge boost in people feeling good about themselves, and optimistic about their future.

The project was challenging to deliver. We were initially supporting those earning less than £750 per month and providing six focused counselling sessions. But as the project ran, we realised that we needed to adapt to better meet the needs of our community. We had lower than expected take-up and our clients were struggling to make meaningful changes within the six week programme. Working with our funders, we raised the minimum income threshold from £750 to £1,250 per month and extended the service from six to twelve sessions per person. Emerging Stronger was the first time that Network had developed a new service in response to a crisis, and we learned a lot. For example, we found that those on the lowest income – under £750 per month - struggled to engage in counselling, and often brought a higher level of complexity than other clients. We also reflected on the benefits and challenges of short-term counselling, quite a different model than we were used to.

We are grateful to all those who funded this project, and particularly for their willingness to work with us to adapt the project in response to feedback.

Carol’s story

Carol (not her real name) is a 72-year old woman, living alone in north Bristol. Post-lockdown, Carol found she was too anxious to board a bus or a train, and that she burst into tears over seemingly trivial issues. These were new experiences; not ones she had encountered before the pandemic.

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NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 JULY 2023

Carol described how her counsellor tackled her anxiety, suggesting incremental steps Carol could take to build up to getting on a bus, slowly increasing the length of journey and her confidence with it.

Over time, Carol developed the confidence not only to travel on buses within Bristol, but eventually to take a train all the way to north Wales to spend three days with friends – a booked break she had initially thought she would have to cancel.

Carol says that thanks to Network’s Emerging Stronger project, she no longer feels anxious, her confidence has grown and she has been able to return to life after Covid.

TRAINING 2022-2023

Network’s training is:

Student success

Introductory Courses - 25 students attended one of our two Introductory Courses. Some simply want to improve their listening skills, while for others, this is the first step in pursuing a career in counselling. Many go on to apply for our Advanced Certificate course.

Advanced Certificate - This year 18 students successfully completed the Advanced Certificate course. A number of these students will progress on to the Advanced Diploma course.

Advanced Diploma - 17 students join the Advanced Diploma this year, with 13 students entering Year 2. The second year cohort in particular had their studies severely impacted by Covid. A combination of lockdown and last year’s database problems meant that most stayed into a third year in order to complete their placement hours and associated assignments. However, the majority were able to graduate in October 2023 and begin their professional practice.

NETWORK’S ACHIEVEMENTS

2022-23 was a year of significant change for Network. The previous year’s financial challenges led us to develop a three-year transformation plan aimed at reaching financial sustainability, while both keeping counselling clients at the heart of our work and retaining the quality of our training. 2022-23 was first year of the transformation plan, and it saw many changes:

Moving from ‘contribution’ to ‘payment’ for counselling

Previously, clients were asked to make a voluntary contribution for counselling, but this was financially unsustainable. Around 25% paid nothing for counselling, and another 25% paid less than £10 per session. From January 2023, Network implemented a fixed price per session, £22.50. We are still committed to affordable counselling, which requires us to subsidise each session. £22.50 was less than half the average price charged by private counsellors in Bristol. As a result:

5

NETWORK COUNSELLING AND TRAINING LIMITED

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2023

Reducing size – ending the volunteering programme

We took the difficult decision to end our long-standing volunteer counsellor programme in December 2022. Using the generous services of experienced volunteer counsellors was not a low cost exercise: it needed dedicated administrative staff and external clinical supervision. As a result:

Streamlining systems

We have successfully implemented an online room booking system. This allows counsellors to book rooms at any time without admin support and private counsellors can pay online for room usage. This has been very successful – it is popular with counsellors, has cut down on double-bookings and saved us many hours of work every week.

We have updated our payment system for counselling sessions, so that 95% of our transactions are now electronic. We offer a direct debit payment method for clients and students. This has cut down on administration and banking time, the system is more secure and data and records easier to retrieve.

Improving our Civi database system has been one of the greatest challenges of the year. We worked with external experts to streamline our processes.. At the start of the year, there were 36 administrative steps between a client approaching us and their first counselling session. That was eventually pared down to 8 steps.

As a result:

Running a fundraising appeal

During 2022-23, we ran a fundraising appeal to cover a serious budget deficit We were extremely grateful for £20,000 match-funding from a long-standing supporter. Both staff and trustees reached out to local organisations, existing supporters and ex-students to ask for financial support. As a result:

Reviewing pay

We recognised that the year’s particularly tough economic climate had an impact on our staff, with a sharp rise in the cost of living. We have worked hard to ensure a cost of living salary uplift was included in our budget.

Repaying loan

We have been able to put in place a repayment schedule for a long-standing interest-free loan we took out to help our building project.

6

NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 JULY 2023

FINANCIAL REVIEW

This has been an important year for Network. Although we had projected a large deficit, our fundraising appeal made a significant and timely difference, so we ended the year with a small surplus. The key points are:

Reserves Policy

The Board of Trustees’ approved reserve policy follows guidance published by the Charity Commission. The policy is reviewed annually. This year we were able to rebuild our reserves to over £45,000 as planned.

FUTURE PLANS

In 2023-24 we will continue to provide high quality, affordable counselling and professionally accredited counselling training. It will be the second of year of Network’s transformation plan, moving towards financial sustainability. The main emphasis will be on consolidating the changes we made during 2022-23, ensuring that all systems are efficient and fit for purpose. We will continue to work to increase our income – both earned and voluntary.

We also aim to develop an Access Fund. This will offer a bursary to those who are unable to afford counselling. We are aware that our pricing model may exclude some in our community and do not want finance to be a barrier to accessing support. So we will develop a fund to cover the cost of counselling for those people who would not otherwise be able to access our services.

We will develop on our Equality, Diversity and Inclusion practices. We want to be an organisation that makes all people feel welcome and valued. We will take steps to listen to our stakeholders – ensuring that the voices of clients and students from minority groups are heard throughout the organisation.

We will explore developing our counselling capacity. With robust systems in place, we have the opportunity to increase the number of counsellors and clients we work with. So we will work towards bringing new counsellors on board by offering placements to students from other, similar learning institutions.

FUNDING SOURCES

Network received no income from public monies.

This year’s income has come from a number of sources:

Course fees 55%
Counselling payments 12%
Room hire 4%
Earned income total 71%
Individual & church giving 22%
Trusts and grants 7%
Voluntary income total 29%

7

NETWORK COUNSELLING AND TRAINING LIMITED

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2023

We are enormously grateful to the Trusts that generously funded Network this year: The Burden Trust, Dame Violet Wills Trust, The Souter Trust, The Leonard Laity Trust, The Asda Foundation and The National Lottery.

Thank you to the following churches who have been generous and committed supporters of Network for many years – St Michael’s Stoke Gifford, Westbury Baptist Church, Zion United Church, Tyndale Baptist Church, Stapleton Parochial Church, Cairns Road Baptist Church and All Saint Compton Greenfield.

And thank you to Henbury Golf Club for their generosity this year.

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

STATEMENT OF TRUSTEES’ RESPONSIBILTIES

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.

8

NETWORK COUNSELLING AND TRAINING LIMITED TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 JULY 2023

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:

……………………….. 06 April 2024

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 2023

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 2023.

.

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: …………………………… 06 April 2024

10

NETWORK COUNSELLING AND TRAINING LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) YEAR ENDED 31 JULY 2023

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
Funds
£
95,346
11,987
485
228,134
335,952
3,700
281,569
285,269
50,683
-
50,683
510,790
561,473		 Restricted
Funds
£
1,000
-
-
220
1,220
-
46,526
46,526
(45,306)
-
(45,306)
78,111
32,805		 Total Funds
2023
£
96,346
11,987
485
228,354
337,172
3,700
328,095
331,795
5,377
-
5,377
588,901
594,278		 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

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 2023

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		 2023
£
1,375
97,781
99,156
(73,753)		 868,803
25,403
(299,928)
594,278
561,473
32,805
594,278		 2022
£
12,538
88,052
100,590
(86,845)		 888,249
13,745
(313,093)
588,901
510,790
78,111
588,901

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:06 April 2024

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 2023

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.

g) Expenditure on tangible assets is capitalised if the cost of any item exceeds £1,000.

Freehold Property 2% straight line Leasehold Property 50 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 2023

2 Donations and legacies

Charitable donations and grants
Prior year comparative
Charitable donations and grants
Other trading activities
Room hire		 Unrestricted
Funds
£
11,987
11,987		 Unrestricted Restricted
Funds
Funds
£
£
95,346
1,000
95,346
1,000
Unrestricted Restricted
Funds
Funds
£
£
29,313
30,566
29,313
30,566
Restricted Total Funds
Funds
2023
£
£
-
11,987
-
11,987		 Total Funds
2023
£
96,346
96,346
Total Funds
2022
£
59,879
59,879
Total Funds
2022
£
11,236
11,236

3 Other trading activities

All income from other trading activities in 2022 was unrestricted.

4 Income from charitable activities

Training
Counselling client payments		 Unrestricted Restricted
Funds
Funds
£
£
188,232
220
39,902
-
228,134
220		 Total Funds
2023
£
188,452
39,902
228,354

14

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2023

Prior year comparative
Training
Counselling client payments
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
Bad debts		 Unrestricted Restricted
Funds
Funds
£
£
169,050
-
30,916
996
199,966
996
Total Funds
2023
£
3,700
3,700
Total Funds
2023
£
125
11,377
2,482
18,554
120,835
3,599
1,566
8,093
8,523
1,802
1,006
3,311
2,676
2,621
31
20,939
76,607
552
19,446
2,328
20,195
1,427
328,095		 Total Funds
2022
£
169,050
31,912
200,962
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

15

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2023

7 Governance Costs

Independent examiner's fee:
For current independent examination
For current year accounts preparation		 Total Funds
2023
£
1,397
931
2,328		 Total Funds
2022
£
1,356
904
2,260

This is stated after charging:

Depreciation
Independent examiner's fee		 Total Funds
2023
£
19,446
2,328		 Total Funds
2022
£
19,880
2,260

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 £3,850 (2022: £2,400).

9 Staff costs and numbers

The aggregate payroll costs were:
Wages and salaries
Social security costs
Employer's pension contributions		 Total Funds
2023
£
191,162
4,105
2,175
197,442		 Total Funds
2022
£
169,265
1,217
2,056
172,538

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 £32,685 (2022: £24,173).

16

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2023

9 Staff costs and numbers (continued)

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

Average headcount of employees Total
2023
No.
14		 Total
2022
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 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 2021
Total funds at 31 July 2022		 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
-
-
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)
-
616,931
588,901

17

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2023

12 Tangible fixed assets

Cost
At 1 August 2022
At 31 July 2023
Depreciation
At 1 August 2022
Charge for the year
At 31 July 2023
Net book value
At 31 July 2023
At 31 July 2022		 Freehold
Property
928,889
928,889
74,312
18,579
92,891
835,998
854,577		 Leasehold
Property
43,361
43,361
9,689
867
10,556
32,805
33,672		 Plant &
Machinery
£
46,290
46,290
46,290
-
46,290
-
-		 Fixtures &
Fittings
£
42,093
42,093
42,093
-
42,093
-
-		 Total
£
1,060,633
1,060,633
172,384
19,446
191,830
868,803
888,249

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 £835,999 (2022: £854,577) was substantially in excess of the market value, if sold in its current use, 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		 2023
£
1,375
-
1,375
2023
£
710
29,139
43,904
73,753		 2022
£
12,362
176
12,538
2022
£
694
43,207
42,944
86,845

14 Creditors: amounts falling due within one year

18

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2023

15 Creditors: amounts falling due after more than one year

Other creditors 2023
£
299,928
299,928		 2022
£
313,093
313,093

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
2022
£
510,790
510,790
33,672
27,169
16,670
600
78,111
588,901		 Income
£
335,952
335,952
-
220
-
1,000
1,220
337,172		 Expenditure
Transfers
£
£
(285,269)
-
(285,269)
-
(867)
-
(27,389)
-
(16,670)
(1,600)
-
(46,526)
-
(331,795)
-		 At
31 Jul
2023
£
561,473
561,473
32,805
-
-
-
32,805
594,278

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 drop-in 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.

19

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2023

16 Movement in funds (continued…)

Emerging Stronger - The Emerging Stronger project was a specific piece of work designed to help those on the lowest incomes recover from the pandemic. We received money from a number of local funders which was restricted to costs associated with this project only. See narrative report for more information on delivery and outcomes.

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
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

20

NETWORK COUNSELLING AND TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2023

17 Analysis of net assets between funds

Tangible fixed assets
Loans
Other net assets		 Unrestricted
Funds
£
835,998
(343,364)
68,839
561,473		 Restricted
Funds
£
32,805
-
-
32,805		 Total Funds
2023
£
868,803
(343,364)
68,839
594,278

Analysis of net assets between funds - prior year

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

18 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.

19 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