| Page | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | directors' | report) | |||
| Independent auditor's |
report to | the members | ||||
| Statement offinancial | activities | (including | income and | |||
| expenditure account) |
13 | |||||
| Statement offinancial | position | 14 | ||||
| Statement ofcash flows | 15 | |||||
| Notes to the financial | statements |
| Reference | and administrative | and administrative | and administrative | details | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Registered | charity | name | Hartcliffe &Withywood |
Ventures | |||||||
| Charity registration | number | 293417 | |||||||||
| Company | registration | number | 1971731 | ||||||||
| Principal | office and | registered | The Gatehouse | Centre | |||||||
| office | Hareclive Road |
||||||||||
| Hartcliife | |||||||||||
| Bristol | |||||||||||
| BS139JN | |||||||||||
| The directors | R Sheppard | (Resigned | 1 November | 2022) | |||||||
| C Clemente | |||||||||||
| H Holland | |||||||||||
| M T Owens | |||||||||||
| TAnstey | |||||||||||
| D Portingale | |||||||||||
| H Edwards | (Resigned | 9 November | 2021) | ||||||||
| A Retter | |||||||||||
| JWatts | (Appointed | 9 November | 2021) | ||||||||
| C Way | (Appointed | 31 January | 2023) | ||||||||
| (Served from 9 November | 2021 | ||||||||||
| BMclnally | to 29 December 2021) | ||||||||||
| Company | secretary | J Thomas | |||||||||
| Auditor | Elliott Bunker Limited | ||||||||||
| Chartered Accountants |
&statutory | auditor | |||||||||
| 61 Macrae Road | |||||||||||
| Ham Green | |||||||||||
| Bristol | |||||||||||
| BS20ODD | |||||||||||
| Bankers | Barclays Bank Pic | ||||||||||
| PO Box324 | |||||||||||
| Park House | |||||||||||
| Newbrick Road |
|||||||||||
| Stoke Gifford | |||||||||||
| Bristol BS348ZJ | |||||||||||
| Chief executive | P Mundy |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | E | E | 6 | ||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 3,278 | 2,251 | 5,529 | 94,282 | ||
| Charitable activities |
6 | 803,185 | 803,185 | 740,399 | |||
| Other trading activities |
7 | 540,529 | 540,529 | 436,211 | |||
| Investment income |
8 | 88 | 88 | 62 | |||
| Other income | 9 | 622 | 622 | ||||
| Total income | 1,347,702 | 2,251 | 1,349,953 | 1,270,974 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofother trading | activities | 10 | 387,436 | 387,436 | 337,933 | ||
| Expenditure on charitable |
activities | 11,12 | 837,936 | 9,902 | 847,838 | 812,599 | |
| Total expenditure | 1,225,372 | 9,902 | 1,235,274 | 1,150,532 | |||
| Net income and net movement | in | funds | 122,330 | (7,651) | 114,679 | 120,442 | |
| Reconciliation offunds |
|||||||
| Total funds brought forward |
786,974 | 468,621 | 1,255,595 | 1,135,153 | |||
| Total funds carried forward | 909,304 | 460,970 | 1,370,274 | 1,255,595 |
| 31July 2022 | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | F | |||||
| Fixed assets | ||||||
| Tangible fixed assets | 17 | 546,534 | 553,576 | |||
| Current assets | ||||||
| Debtors | 18 | 144,900 | 64,578 | |||
| Cash at bank and | in | hand | 744,858 | 771,875 | ||
| 889,758 | 836,453 | |||||
| Creditors: amounts | falling | due within one year | 19 | 66,018 | 134,434 | |
| Net current assets | 823,T40 | 702,019 | ||||
| Total assets less | current | liabilities | 1,370,274 | 1,255,595 | ||
| Net assets | 1,370,274 | 1,255,595 | ||||
| Funds ofthe charity | ||||||
| Restricted funds | 460,970 | 468,621 | ||||
| Unrestricted funds |
909,304 | 786,974 | ||||
| Total charity funds | 21 | 1,370,274 | 1,255,595 |
| Year ended 31July 20 | 22 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| r | ||||
| Cash flows from operating | activities | |||
| Net income | 114,679 | 120,442 | ||
| Adjustments for: |
||||
| Depreciation oftangible fixed |
assets | 12,015 | 13,218 | |
| Other interest receivable and |
similar income | (88) | (82) | |
| Accrued (income)/expenses | (7,682) | 11,017 | ||
| Changesin: | ||||
| Trade and other debtors | (80,322) | 13,515 | ||
| Trade and other creditors | (60,734) | 77,938 | ||
| Cash generated from operations |
(22,132) | 236,048 | ||
| Interest received | 88 | 82 | ||
| Net cash (used in)/from operating activities |
(22,044) | 236,130 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible assets | (4,973) | (8,381) | ||
| Net cash used in investing activities |
(4,973) | (8,381) | ||
| Net (decrease)/increase in |
cash and cash | equivalents | (27,017) | 227,749 |
| Cash and cash equivalents | at beginning | ofyear | 771,875 | 544,126 |
| Cash and cash equivalents | at end ofyear | 744,858 | 771,875 |
| value, over the | useful economic | life ofthat asset as follows: |
|---|---|---|
| Long leasehold | property | over life ofthe lease |
| Equipment | 331/3% reducing balance |
|
| Short leasehold | property | over life ofthe lease |
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| F | 8 | ||||
| Donations | |||||
| Donations | and grants | 2,251 | 2,251 | ||
| Grants | |||||
| Government | Covid-19 JRSgrant | 3,278 | 3,278 | ||
| 3,278 | 2,251 | 5,529 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| F | 6 | ||||
| Donations | |||||
| Donations | and grants | 1,264 | 2,850 | 4,114 | |
| Grants | |||||
| Government | Covid-19 JRSgrant | 90,168 | 90,168 | ||
| 91,432 | 2,850 | 94,282 |
| Charitable activities |
|||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| 8 | |||||
| Sale ofgoods/services | as part of | ||||
| direct charitable activities |
4,234 | 4,234 | 2,553 | 2,553 | |
| BCC - Work Zone | 27,333 | 27,333 | |||
| City of Bristol College | 798,951 | 798,951 | 710,513 | 710,513 | |
| 803,185 | 803,185 | 740,399 | 740,399 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||||||
| 5 | |||||||||
| Conference | &meeting | room hire | 9,375 | 9,375 | 1,256 | 1,256 | |||
| Tenants | rental income | 104,775 | 104,775 | 100,561 | 100,561 | ||||
| Tenants | recharges | 16,410 | 16,410 | 4,742 | 4,742 | ||||
| Vending | machine | income | 1,381 | 1,381 | |||||
| Gatehouse | Cafe income | 48,669 | 48,669 | 16,530 | 16,530 | ||||
| Nursery | income | 361,300 | 361,300 | 311,741 | 311,741 | ||||
| 540,529 | 540,529 | 436,211 | 436,211 | ||||||
| 8. | Investment | income | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2022 | Funds | 2021 | ||||||
| 5 | |||||||||
| Bank Interest | 88 | 88 | 82 | 82 | |||||
| 9. | Other income | ||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2022 | Funds | 2021 | ||||||
| Other income type | 1 | 622 | 622 | ||||||
| 10. | Costs ofother trading | activities | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2022 | Funds | 2021 | ||||||
| f | |||||||||
| Nursery | 307,271 | 307,271 | 276,508 | 276,508 | |||||
| Gatehouse | Cafe | 80,165 | 80,165 | 60,187 | 60,187 | ||||
| Vending | machines | 1,238 | 1,238 | ||||||
| 387,436 | 387,436 | 337,933 | 337,933 |
| 11. | Expenditure | o | n | charitable | activities by fund type |
|||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| 6 | ||||||||
| Main charitable | activities | 833,548 | 9,902 | 843,450 | ||||
| Support costs | 4,388 | 4,388 | ||||||
| 837,936 | 9,902 | 847,838 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds 6 |
Funds | 2021 f |
||||||
| Main charitable | activities | 800,330 | 8,044 | 808,374 | ||||
| Support costs | 4,225 | 4,225 | ||||||
| 804,555 | 8,044 | 812,599 | ||||||
| 12. | Expenditure | on | charitable | activities by activity type | ||||
| Activities | ||||||||
| undertaken | Support | Total funds | Total fund | |||||
| directly f |
costs f |
2022 8 |
2021 | |||||
| Main charitable | activities | 843,450 | 843,450 | 808,374 | ||||
| Governance | costs | 4,388 | 4,388 | 4,225 | ||||
| 843,450 | 4,388 | 847,838 | 812,599 |
| 13. | to enable people to gain skills, knowledge and qualifications to Net income |
to enable people to gain skills, knowledge and qualifications to Net income |
gain sustainable employ |
ment. |
|---|---|---|---|---|
| Net income is stated after charging/(crediting): | ||||
| 2022 | 2021 | |||
| 8 | ||||
| Depreciation oftangible |
fixed assets | 12,015 | 13,218 | |
| 14. | Auditors remuneration |
|||
| 2022 | 2021 | |||
| 8 | ||||
| Fees payable for the audit ofthe financial statements | 2,600 | 2,500 |
| Staffcosts | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as |
follows: |
| 2022 f |
2021 f |
|||
| Wages and salaries | 942,158 | 838,896 | ||
| Social security costs | 55,845 | 53,008 | ||
| Employer contributions | to pension | plans | 17,831 | 16,146 |
| 1,015,634 | 908,050 |
| No trustee received any reimbur Tangible fixed assets |
sed expenses during th |
e year. | ||
|---|---|---|---|---|
| Short | ||||
| Land and | Leasehold | |||
| buildingsf | Equipmentf | Property f |
Total f |
|
| Cost | ||||
| At 1 August 2021 | 656,430 | 307,639 | 93,372 | 1,057,441 |
| Additions | 4,973 | 4,973 | ||
| At 31July 2022 | 656,430 | 312,612 | 93,372 | 1,062,414 |
| Depreciation | ||||
| At 1 August 2021 | 151,669 | 299,826 | 52,370 | 503,865 |
| Charge for the year | 5,099 | 4,638 | 2,278 | 12,015 |
| At 31July 2022 | 156,768 | 304,464 | 54,648 | 515,880 |
| Carrying amount |
||||
| At 31July 2022 | 499,662 | 8,148 | 38,724 | 548,534 |
| At 31 July 2021 | 504,761 | 7,813 | 41,002 | 553,576 |
| Debtors | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 8 | ||||
| Trade debtors | 13,439 | 14,999 | ||
| Prepayments | and accrued income | 10,314 | 12,507 | |
| Grant income | receivable | 112,147 | 37,072 | |
| Other debtors | 9,960 | |||
| 144,900 | 64,578 | |||
| Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | |||
| 8 | ||||
| Trade creditors | 17,848 | 82,209 | ||
| Accruals and | deferred | income | 7,213 | 14,895 |
| Social security | and other taxes | 19,076 | 14,753 | |
| Deposits and | other creditors | 21,883 | 22,577 | |
| 66,018 | 134,434 |
| At | |||||||
|---|---|---|---|---|---|---|---|
| 1 | August 202 | At | |||||
| 1 f |
Income f |
Expenditure | 31July 2022 f |
||||
| General | funds | 786,974 | 1,347,702 | (1,225,372) | 909,304 | ||
| At | |||||||
| 1 | August 202 | At | |||||
| 0 | Income | Expenditure | 31 July 2021 | ||||
| F | |||||||
| General | funds | 661,338 | 1,268,124 | (1,142,488) | 786,974 |
| At | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1 August 202 | At | |||||||
| 1 f |
Income f |
Expenditure f |
31July 2022 f |
|||||
| Capital | fund | 457,619 | (6,843) | 450,776 | ||||
| Community | Fund | 352 | 352 | |||||
| Nursery | staff | training | fund | 7,800 | (808) | 6,992 | ||
| John James | Bristol | Foundation | 2,850 | 2,850 | ||||
| Funds | raised | for specific purposes | 2,251 | (2,251) | ||||
| 468,621 | 2,251 | (9,902) | 460,970 | |||||
| At | ||||||||
| 1 August 202 | At | |||||||
| 0 f |
Income | Expenditure | 31 July 2021 | |||||
| Capital | fund | 465,663 | (8,044) | 457,619 | ||||
| Community | Fund | 352 | 352 | |||||
| Nursery | staff training | fund | 7,800 | 7,800 | ||||
| John James | Bristol | Foundation | 2,850 | 2,850 | ||||
| Funds | raised | for specific purposes | ||||||
| 473,815 | 2,850 | (8,044) | 468,621 |
| 22. | Analysis of net a | sse | ts between funds | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | TotaIFunds | ||||
| Funds | Funds | 2022 | ||||
| F | 6 | 6 | ||||
| Tangible fixed assets | 93,629 | 452,905 | 546,534 | |||
| Current assets | 881,693 | 8,065 | 889,758 | |||
| Creditors less than | 1 | year | (66,018) | (66,018) | ||
| Net assets | 909,304 | 460,970 | 1,370,274 | |||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| 6 | 8 | |||||
| Tangible fixed assets | 93,829 | 459,747 | 553,576 | |||
| Current assets | 827,579 | 8,874 | 836,453 | |||
| Creditors less than | 1 | year | (134,434) | (134,434) | ||
| Net assets | 786,974 | 468,621 | 1,255,595 | |||
| 23. | Analysis ofchanges | in net debt | ||||
| At | At | |||||
| 1 Aug 2021 f |
Cash flows | 31 Jul 2022 8 |
||||
| Cash at bank and | in | hand | 771,875 | (27,017) | 744,858 |
| Operating | lea | se commit | ments | ||||
|---|---|---|---|---|---|---|---|
| The total | future | minimum | lease payments | under non-cancellable | operating | leases are | as follows: |
| 2022 | 2021 | ||||||
| 6 | |||||||
| Not later than | 1 year | 9,072 | 7,000 | ||||
| Later than | 1 year and not | later than 5years | 8,680 | 10,501 | |||
| 17,752 | 17,501 |