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2022-05-31-accounts

Page
Trustees'
annual
report (incorporating		 the director's report)
Independent
examiner's
report to the		 trustees 19
Statement
offinancial
activities		 (including income and
expenditure
account)		 20
Statement
offinancial
position		 21
Statement
ofcash flows		 23
Notes to the financial
statements		 24

2021re-
2022 stafed
Unrestricted Restricted
Note funds
f		 funds
f		 Total funds
f.		 Total funds
Income and endowments
Donations
and legacies		 5 20,387 82,538 102,925 118,803
Other trading
activities		 6 299,407 299,407 239,447
Investment
income		 7 30,565 30,565 33,970
Other income 8 71,735 71,735 120,715
Total income 422,094 82,538 504,632 512,935
Expenditure
Expenditure
on raising funds:
Costs ofother trading activities 9 211,600 211,601 202,137
Expenditure
on charitable		 activities 10,11 184,870 95,000 279,869 297,851
Total expenditure 396,470 95,000 491,470 499,988
Net income 25,624 (12,462) 13,162 12,947
Transfers
between
funds		 (9,464) 9,464
Net movement
in funds		 16,160 (2,998) 13,162 12,947
Reconciliation
offunds
Total funds brought
forward		 1,240,908 29,653 1,270,561 1,257,614
Total funds carried forward 1,257,068 26,655 1,283,723 1,270,561

2022 2021
Note F
Fixed assets
Tangible fixed assets 17 940,611 943,368
Investments 18 620,000 620,000
1,560,611 1,563,368
Current assets
Stocks 19 105,571 115,509
Debtors 20 6,269 30,574
Cash at bank and
in		 hand 147,419 130,027
259,259 276,110
Creditors: amounts falling due within one year 21 54,179 55,315
Net current assets 205,080 220,795
Total assets less current liabilities 1,765,691 1,784,163
Creditors: amounts falling due after more than one year 22
Bank loans and overdrafts 481,968 513,602
Net assets 1,283,723 1,270,561
Funds ofthe charity
Restricted funds 26,655 29,653
Unrestricted
funds:
Revaluation
reserve		 1,055,896 1,055,896
Other unrestricted income funds 201,172 185,012
Total unrestricted
funds		 1,257,068 1,240,908
Total charity funds 24 1,283,723 1,270,561

2021 re-
2022 stated
E
Cash flows from operating activities
Net income 13,162 12,947
Adjustments
for:
Depreciation
oftangible
fixed assets		 13,369 9,871
Government
grant income		 (12,000) (15,357)
Dividends,
interest and rents		 from investments (30,537) (33,905)
Other interest receivable
and similar income		 (28) (65)
Interest payable
and similar charges		 6,596 5,005
Accrued expenses 826 72
Changesin:
Stocks 9,938 (24,093)
Trade and other debtors 24,305 (26,011)
Trade and other creditors (1,962) 2,143
Cash generated
from operations		 23,669 (69,393)
Interest paid (6,596) (5,005)
Interest received 28 65
Net cash from/(used
in) operating
activities		 17,101 (74,333)
Cash flows from investing activities
Dividends,
interest and rents		 from investments 30,537 33,905
Purchase oftangible assets (10,612)
Net cash from investing
activities		 19,925 33,905
Cash flows from financing activities
Proceeds from borrowings (31,634) (5,705)
Government
grant income		 12,000 15,357
Net cash (used in)/from
financing
activities		 (19,634) 9,652
Net increase/(decrease)
in		 cash and cash equivalents 17,392 (30,776)
Cash and cash equivalents at beginning ofyear 130,027 160,804
Cash and cash equivalents at end ofyear 147,419 130,028

Land component
of Freehold		 property
is not deprecia		 ted.
Freehold
buildings		 2% on straight line method
Fixtures and fittings 20% on straight line method
Motor vehicles 25% on straight line method
Equipment 20% on straight line method

Donations
and legac		 ies
Unrestricted Restricted Total Funds
Funds Funds 2022
F
Donations
Appeals
& Donations		 6,387 6,387
Grants
Earley Charity 43,292 43,292
Berkshire
Community		 Foundation -Veg 4 Families 2,000 2,000
Civic Garden Police
Nineveh
Charitable
Trust		 3,000 3,000
Reading
Borough Council		 2,000 2,000
Reading
Borough Council - Food		 for Families 24,666 24,666
Awards
for All		 9,580 9,580
Nat. Heritage
Lot. Fund
RBC Covid 19Grant 12,000 12,000
20,387 82,538 102,925

Unrestricted Restricted Total Funds
Funds Funds 2021
F E
Donations
Appeals 8 Donations 19,191 19,191
Grants
Earley Charity 52,559 52,559
Berkshire
Community		 Foundation -Veg 4 Families 18,996 18,996
Civic Garden Police 800 800
Nineveh
Charitable
Trust
Reading
Borough Council		 2,000 2,000
Reading
Borough Council - Food		 for Families
Awards
for All
Nat. Heritage
Lot. Fund		 9,900 9,900
RBC Covid 19Grant 15,357 15,357
36,548 82,255 118,803

Other trading
activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
f F
World Shop 149,506 149,506 121,136 121,136
Food for families, events and courses 18,106 18,106 11,372 11,372
Centre income 72,059 72,059 46,474 46,474
Global Cafe 6,435 6,435
Global Refill Shop 56,216 56,216 46,024 46,024
Education
resources		 3,520 3,520 8,006 8,006
299,407 299,407 239,447 239,447

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
P F
Income from investment properties 30,537 30,537 33,905 33,905
Bank interest received 28 28 65 65
30,565 30,565 33,970 33,970

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
F E
Furlough Income 19,285 19,285 120,715 120,715
Insurance Claim 52,450 52,450
71,735 71,735 120,715 120,715

Total Funds
Unrestricted Total Funds Unrestricted 2021 re-
Funds 2022 Funds stated
E f E E
Fair Trading 148,960 148,961 97,560 97,560
Global Cafe 59,246 59,246
Global Refill Shop 49,932 49,932 32,696 32,696
Investment Income 12,708 12,708 12,635 12,635
211,600 211,601 202,137 202,137

Unrestricted Restricted Total Funds
Funds Funds 2022
E F
Centre costs 29,417 48,008 77,424
Core costs 58,081 58,081
Development education 19,307 1,730 21,037
Sustainable Communities 23,989 23,989
Community/Centre Development
Support costs 78,065 21,273 99,338
184,870 95,000 279,869
Total Funds
Unrestricted Restricted 2021 re-
Funds Funds sfated
F F
Centre costs 38,877 49,036 87,913
Core costs 52,685 52,685
Development education 34,006 34,006
Sustainable Communities 31,112 31,112
Community/Centre Development 2,554 2,554
Support costs 76,036 13,545 89,581
201,604 96,247 297,851

Activities Total fund
undertaken Grant funding Support Total funds 2021 re-
directly ofactivities costs 2022 stated
F F E
World Shop 1,196 1,196 1,975
Centre costs 29,417 48,007 34,770 112,194 115,359
Core costs 58,081 30,882 88,963 85,484
Global Refill Shop 193 193 452
Development education 21,037 3,631 24,668 35,575
Sustainable
Communities 23,989 7,168 31,157 42,464
Community and centre
development 1,549
Community/Centre
Development 11,623 11,623 5,118
Governance costs 9,875 9,875 9,875
132,524 48,007 99,338 279,869 297,851
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2022 2021
E
Depreciation oftangible fixed assets 13,369 9,871
14. Independent examination fees
2022 2021
E
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 9,875 9,875

The tota l staff costs and employee
benefits for t		 he reporting
period are analysed
as fo		 llows:
2022 2021
E
Wages and salaries 233,038 301,118
2022 2021
Wages and salaries 213,100 273,645
Social security costs 9,752 14,734
Pension contribution 10,186 12,739
Total 233,038 301,118
full-time
equiv		 alent
employees
during
the year is a
nalysed
as follows:
2022 2021
No. No.
Education
workers		 2
World shop 3
Global Cafe 1
Events 1 1
Management and support 4 4
8 11

Tangible fixed assets
Freehold Fixtures and Motor
property fittings vehicles Equipment Total
F E F E
Cost
At 1 June 2021 1,010,885 44,997 19,677 87,241 1,162,800
Additions 10,612 10,612
At 31 May 2022 1,010,885 44,997 19,677 97,853 1,173,412
Depreciation
At 1 June 2021 67,885 44,629 19,677 87,241 219,432
Charge for the year 9,500 368 ā€” 3,501 13,369
At 31 May 2022 77,385 44,997 19,677 90,742 232,801
Carrying amount
At 31 May 2022 933,500 7,111 940,611
At 31 May 2021 943,000 368 943,368

Freehold
property
At 31 May 2022
Aggregate cost 678,265
Aggregate depreciation (176,154)
Carrying value 502,111
At 31 May 2021
Aggregate cost 678,265
Aggregate depreciation (169,641)
Carrying value 508,624

Investments
Investment
properties
E
Cost or valuation
At 1 June 2021 and 31 May 2022 620,000
Impairment
At 1 June 2021 and 31 May 2022
Carrying
amount
At 31 May 2022 620,000
At 31 May 2021 620,000

19. Gregory BSc
Stocks		 MRICS, a Registered
Valuer at Hicks Ba		 ker.
2022
f		 2021
F
Raw materials and consumables 105,571 115,509
20. Debtors
2022 2021
F
Trade debtors 5,388 3,352
Prepayments and accrued income 881 3,310
Other debtors 23,912
6,269 30,574

Creditors: amounts
f		 alling due within one year
2022
f		 2021
E
Trade creditors 5,084 7,261
Accruals and deferred income 11,630 10,804
Social security and other taxes 5,416 3,487
Other creditors 32,049 33,763
54,179 55,315

The amounts recognised
in the financi		 al statements
for governm		 ent
grants are as follo		 ws:
2022 2021
E
Recognised in income from donations and legacies:
Government grants income 12,000 15,357

Unrestricted
funds
At At
1 June 2021 Income Expenditure Transfers 31 May 2022
F F E
General funds 185,012 422,094 (396,470) (9,464) 201,172
Revaluation
reserve		 1,055,896 1,055,896
1,240,908 422,094 (396,470) (9,464) 1,257,068
At At
1 June 2020 Income Expenditure Transfers 31 May 2021
E E E E E
General funds 158,073 430,680 (403,741) 185,012
Revaluation
reserve		 1,055,896 1,055,896
1,213,969 430,680 (403,741) 1,240,908
Restricted funds
At At
1 June 2021 Income Expenditure Transfers 31 May 2022
F F F
Sustainable
communities 5,996 39,247 (30,789) 853 15,307
Centre costs and
development 23,657 43,291 (64,211) 8,611 11,348
29,653 82,538 (95,000) 9,464 26,655
At At
1 June 2020 Income Expenditure Transfers 31 May 2021
F F F
Sustainable
communities 20,875 27,214 (42,093) 5,996
Centre costs and
development 22,770 55,041 (54,154) 23,657
43,645 82,255 (96,247) 29,653

Analysis of net asset s between funds
Unrestricted Restricted Total Funds
Funds Funds 2022
F E
Tangible fixed assets 940,611 940,611
Investments 620,000 620,000
Current assets 178,425 26,655 205,080
Creditors greater than 1 year (481,968) (481,968)
Net assets 1,257,068 26,655 1,283,723
Unrestricted Restricted Total Funds
Funds Funds 2021
F F
Tangible fixed assets 943,368 943,368
Investments 620,000 620,000
Current assets 191,142 29,653 220,795
Creditors greater than 1 year (513,602) (513,602)
Net assets 1,240,908 29,653 1,270,561

Analy sis ofchang es
in net debt
At At
1 Jun 2021 Cash flows 31 May 2022
F
Cash at bank and in hand 130,027 17,392 147,419
Debt due after one year (513,602) 31,634 (481,968)
(383,575) 49,026 (334,549)