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|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|
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|||||||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|
##
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||||||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|
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|||||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|
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|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|
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|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|
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||||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|
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|||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|
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##
||||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|
##
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##
|||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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##
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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|
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##
|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|—|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|
##
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##
|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|
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|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|
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|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|
##
##
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##
##
##
|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|
##
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##
|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)|
##
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##