| Page | ||||
|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | directors' | report) | |
| Independent auditor's report to the members |
||||
| Statement offinancial activities (including |
income and | |||
| expenditure account) |
15 | |||
| Statement offinancial position |
16 | |||
| Statement ofcash flows | 17 | |||
| Notes to the financial statements | 18 |
| Registered | charity | name | name | Hartcliffe &Withywood | Ventures | |||
|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 293417 | ||||||
| Company | registration | number | 1971731 | |||||
| Principal office and | registered | The Gatehouse Centre |
||||||
| office | Hareclive Road | |||||||
| Hartcliffe | ||||||||
| Bristol | ||||||||
| BS139JN | ||||||||
| The directors | R Sheppard | (Resigned | 1 November | 2022) | ||||
| C Clemente | (Resigned | 7 November | 2023) | |||||
| H Holland | ||||||||
| M TOwens | ||||||||
| TAnstey | ||||||||
| D Portingale | ||||||||
| A Ratter | ||||||||
| JWatts | ||||||||
| CWay | (Appointed | 31January | 2023) | |||||
| Company | secretary | JThomas | ||||||
| Auditor | Elliott Bunker Limited | |||||||
| Chartered Accountants |
& statutory | auditor | ||||||
| 61 Macrae Road | ||||||||
| Ham Green | ||||||||
| Bristol | ||||||||
| BS20ODD | ||||||||
| Bankers | Barn)aye Bank Pic | |||||||
| PO Box324 | ||||||||
| Park House | ||||||||
| Newbrick Road |
||||||||
| Stoke Gifford | ||||||||
| Bristol BS348ZJ | ||||||||
| Strategic directors | Amends King & Lisa Mundy |
| Year ended 31July | 2023 | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Unrestricted | Restricted | |||||
| Note | funds f |
funds f |
Total funds f |
Total funds f |
||
| Income and endowments | ||||||
| Donations and legacies | 5 | 5,000 | 5,000 | 5,529 | ||
| Chsritable activities |
6 | 1,175,960 | 1,175JIBO | 1,334,339 | ||
| Other trading activities |
7 | 13,589 | 13,589 | 9,375 | ||
| Investment income |
8 | 2,766 | 2,768 | 68 | ||
| Other income | 9 | 151 | 2,246 | 2,38T | 622 | |
| Total income | 1,192,466 | 7,246 | 1,199,?14 | 1,349,953 | ||
| Expenditure | ||||||
| Expenditure on charitable |
activities | 10,11 | 1,358,455 | 15,672 | 1,374,127 | 1,235,274 |
| Total expenditure | 1,358,455 | 15,672 | 1,374,127 | 1,235,274 | ||
| Net (expenditure)/income | and net | |||||
| movement in funds |
(165,987) | (8,426) | (1T4,413) | 114,679 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward | 909,304 | 460,970 | 1,370,274 | 1,255,595 | ||
| Total funds carried forward | 743,317 | 452,544 | 1,195,881 | 1,370,274 |
| Statement of 31July 2023 |
Fin | ancial Position | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | 6 | 6 | |||
| Fixed assets | |||||
| Tangible fixed assets | 18 | 545,787 | 546,534 | ||
| Current assets | |||||
| Debtors | 1? | 29,402 | 144,900 | ||
| Cash at bank and | in | hand | 739,447 | 744,856 | |
| 767,849 | 889,758 | ||||
| Creditors: amounts | falling due within one year | 18 | 117,775 | 66,018 | |
| Net current assets | 650,074 | 823,740 | |||
| Total assets less | current tiabttiuss | 1,195,861 | 1,370,274 | ||
| Net assets | 1,195,861 | 1,370,274 | |||
| Funds ofthe charity | |||||
| Restricted funds |
452,544 | 460,970 | |||
| Unrestricted funds |
743,317 | 909,304 | |||
| Total charity funds | 20 | 1,195,861 | 1,370,274 |
| Year ended 31July 20 | 23 | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 5 | ||||
| Cash flows from operating | activities | |||
| Net (expenditure)/income | (174,413) | 114,679 | ||
| Adjustments for: |
||||
| Depreciation oftangible fixed assets |
14,767 | 12,015 | ||
| Other interest receivable and similar income | (2,768) | (85) | ||
| Accrued expenses/(income) | 50,103 | (7,682) | ||
| Changes in: |
||||
| Trade and other debtors | 116,498 | (80,322) | ||
| Trade and other creditors | 1,654 | (60,734) | ||
| Cash generated from operations |
4,841 | (22,132) | ||
| Interest received | 2,768 | 88 | ||
| Net cash from/(used in) operating activities |
7,609 | (22,044) | ||
| Cash flows from investing | activities | |||
| Purchase oftangible assets | (14,020) | (4,973) | ||
| Net cash used in investing activities |
(14,020) | (4,973) | ||
| Net decrease in cash anti cash equivalents |
(6,411) | (27,017) | ||
| Cash and cash equivalents | at beginning | ofyear | 744,868 | 771,575 |
| Cash and cash equivalents | at end ofyear | 736/t47 | 744,858 |
| Donations | and legacies | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds f |
Funds f |
2023 f |
||
| Donations | ||||
| Donations | and grants | 5,000 | 5,000 | |
| Grants | ||||
| Government | Covid-1 9JRSgrant | |||
| 5,000 | 5,000 | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds f |
2022 | ||
| Donations | ||||
| Donations | and grants | 2,251 | 2,251 | |
| Grants | ||||
| Government | Covid-19 JRSgrant | 3,278 | 3,278 | |
| 3,278 | 2,251 | 5,529 |
| 6. | Charaab | le activities |
|||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds f |
2023 f |
Funds f |
2022 F |
||||
| Leisure | learning | 4,460 | 4,460 | 4,234 | 4,234 | ||
| City ofBristol College | 617,195 | 817,195 | 798,951 | 795,951 | |||
| Nursery | income | 371,998 | 371,998 | 361,300 | 361,300 | ||
| Tenants | rental income | 102,887 | 102,887 | 104,775 | 104,775 | ||
| Tenants | recharges | 11,723 | 11,723 | 16,410 | 16,410 | ||
| Gatehouse Cafe income | 67,697 | 67,697 | 48,669 | 48,569 | |||
| 1,175,960 | 1,175,960 | 1,334,339 | 1,334,339 | ||||
| 7. | Other trading activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds f |
2023 f |
Funds f |
2022 f |
||||
| Conference &meeting |
room hire | 13,589 | 13,589 | 9,375 | 9,375 | ||
| 8. | Investment income |
||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds f |
2023 f |
Funds f |
2022 f |
||||
| Bank Interest | 2,768 | 2,768 | 88 | 88 |
| Other i | ncome | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2023 | |||||
| F | 6 | ||||||
| Sundry | income | 151 | 2,246 | 2,397 | |||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| 6 | |||||||
| Sundry | income | 622 | 622 | ||||
| Expendi | ture | on charitable | activities | by fund type | |||
| Unrestricted | Restricted | TotalFunds | |||||
| Funds | Funds | 2023 | |||||
| 5 | |||||||
| Education | 939,324 | 13,050 | 952,374 | ||||
| Nursery | care | 321,596 | 2,622 | 324,218 | |||
| Gatehouse cafe | 92,972 | 92,972 | |||||
| Support | costs | 4,563 | 4,563 | ||||
| 1,358,455 | 15,672 | 1,374,127 | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| 5 | 6 | E | |||||
| Education | 833,548 | 9,902 | 843,450 | ||||
| Nursery | care | 307,271 | 307,271 | ||||
| Gatehouse cafe | 80,165 | 80,165 | |||||
| Support | costs | 4,388 | 4,388 | ||||
| 1,225,372 | 9,902 | 1,235,274 |
| Expenditure | on charitable a | ctivities by activity type | |||
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Support | Totalfunds | Total fund | ||
| directly | costs | 2023 | 2022 | ||
| 5 | 8 | F | |||
| Education | 952,374 | 952,374 | 843,450 | ||
| Nursery care | 324,218 | 324,218 | 307,271 | ||
| Gatehouse cafe | 92,972 | 92,972 | 80,165 | ||
| Governance | costs | 4,563 | 4,563 | 4,388 | |
| 1,369,564 | 4,563 | 1,374,127 | 1,235,274 |
| 12. | Net (expenditure)/income | Net (expenditure)/income | |||
|---|---|---|---|---|---|
| Net (expenditure}/income | is stated after charging/(crediting): | ||||
| 2023 | 2022 | ||||
| E | |||||
| Depreciation | oftangible fixed assets | 14,767 | 12,015 | ||
| 13. | Auditors remunemtion |
||||
| 2023 | 2022 | ||||
| E | E | ||||
| Fees payable | for the audit ofthe financial statements | 4,860 | 4,600 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| E | E | |||
| Wages and salariies | 996,48D | 942,158 | ||
| Social security costs | 67,28D | 55,645 | ||
| Employer contributions | to pension | plans | 19,D82 | 17,631 |
| 1,082,822 | 1,015,634 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Short | ||||
| Land and | Leasehold | |||
| buildings | Equipment | Property | Total | |
| 5 | E | 6 | ||
| Cost | ||||
| At 1 August 2022 | 656,430 | 312,612 | 93,372 | 1„082,414 |
| Additions | 14,020 | 14,020 | ||
| At 31July 2023 | 656,430 | 326,632 | 93,372 | 1,076,434 |
| Depreciation | ||||
| At 1 August 2022 | 156,766 | 304,464 | 54,646 | 515,880 |
| Charge for the year | 5,099 | 7,390 | 2,276 | 14,767 |
| At 31July 2023 | 161,867 | 311,854 | 56,926 | 530,647 |
| Carrying amount |
||||
| At 31July 2023 | 494,563 | 14,776 | 36,446 | 545,787 |
| At 31 July 2022 | 499,662 | 6,146 | 36,724 | 546,534 |
| Debtors | |||
|---|---|---|---|
| 2023 | 2022 | ||
| 6 | |||
| Trade debtors | 13,688 | 13,439 | |
| Prepayments | and accrued income | 10,714 | 10,314 |
| Grant income | receivable | 112,147 | |
| Other debtors | 5,000 | 9,000 | |
| 29,402 | 144,900 |
| Creditors: amounts falgng due within one year |
||
|---|---|---|
| 2023 | 2022 | |
| E | ||
| Trade creditors | 9,951 | 17,846 |
| Accruals and deferred income | 57,316 | 7,213 |
| Social security and other taxes | 23,757 | 19,076 |
| Deposits and other creditors | 28,751 | 21,883 |
| 117&775 | 66,018 |
| Unrestricted | funds | |||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 August 2022 | Income | Expenditure | 31July 2023 | |||
| E | ||||||
| General funds | 909,304 | 1,192,468 | (1,356,455) | 743,317 | ||
| At | At | |||||
| 1 August 2021 | Income | Expenditure | 31 | July 2022 | ||
| E' | E | |||||
| General funds | 766,974 | 1,347,702 | (1,225,372) | 909,304 |
| At | At | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 August 2022 f |
Income | Expenditure F |
31July 2023 5 |
|||||
| Capital | fund | 450,776 | (4,599) | 446,177 | ||||
| Community | Fund | 352 | 352 | |||||
| Nursery | staff training | fund | 6,992 | (1,205) | 5,787 | |||
| John James | Bristol | Foundation | 2,850 | (2,622) | 228 | |||
| Funds | raised for specific purposes | 2,246 | (2,246) | |||||
| Quartet | Community | Foundation | 5,000 | (5,000) | ||||
| 460,970 | 7,246 | (15,672) | 452,544 | |||||
| At | At | |||||||
| 1 August 2021 | Income | Expenditure | 31 July 2022 | |||||
| 5 | E | 8 | ||||||
| Capital | fund | 457,619 | (6,543) | 450,776 | ||||
| Community | Fund | 352 | 352 | |||||
| Nursery | staff training | fund | 7,800 | (805) | 6,992 | |||
| John James | Bristol | Foundation | 2,850 | 2,850 | ||||
| Funds | raised for specific purposes | 2,251 | (2,251) | |||||
| Quartet | Community | Foundation | ||||||
| 468,621 | 2,251 | (9,902) | 460,970 |
| Unrestricted | Restricted | Restricted | TotalFunds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | |||||||||
| 6 | |||||||||||
| Tangible fixed | assets | 99,611 | 446,177 | 545,788 | |||||||
| Current assets | 761,481 | 6,367 | 787,848 | ||||||||
| Creditors less | than | 1 | year | (117,775) | (117,775) | ||||||
| Net assets | 743,317 | 452,544 | 1,195,861 | ||||||||
| Unrestricted | Restricted | TotalFunds | |||||||||
| Funds | Funds | 2022 | |||||||||
| F | |||||||||||
| 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 | ||||||||
| 22. | Analysis ofchanges | in net debt | |||||||||
| At | At | ||||||||||
| 1 Aug 2022 | Cash flows | 31Jul 2D23 | |||||||||
| Cash at bank and | in hand | 744,858 | (6,411) | 738,447 | |||||||
| 23. | Operadng lease commitments |
||||||||||
| The total future | minimum | lease payments | under | non-cancellable operating |
leases are as follows: | ||||||
| 2023 | 2022 | ||||||||||
| 8 | 5 | ||||||||||
| Not later than | 1 | year | 6,572 | 10,072 | |||||||
| Later than 1 year and |
not | later than 5 years | 7,108 | 12,680 | |||||||
| Later than 5 years | 21,0DO | 22,000 | |||||||||
| 34,680 | 44,752 | ||||||||||
| 24. | Related parties |