| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | I | to | 6 | |
| Independent Examiner's Report |
||||
| Statement ofFinancial | Activities | |||
| Statement ofFinancial | Position | |||
| Statement ofCash Flows | 10 | |||
| Notes to the Statement | ofCash Flosvs | |||
| Notes to the Financial | Statements | 12 | to | 22 |
| FOR | THE YEAR | ENDED 31JUL | Y 2023 | |||||
|---|---|---|---|---|---|---|---|---|
| 31.7.23 | 31.7.22 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| fund | funds | funds | funds | |||||
| Notes | f. | |||||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations, grants and legacies |
5,131 | 1,500 | 6,631 | 36,480 | ||||
| Charitable activities |
||||||||
| Classes and workshops | 201,338 | 201,338 | 166,887 | |||||
| Complementaty therapies |
114,814 | 114,814 | 117,162 | |||||
| Counselling | 193,616 | 193,616 | 228,613 | |||||
| Low-cost counselling | 21,824 | 21,824 | 15,534 | |||||
| Positive Movement | 38,720 | 38,720 | 30,240 | |||||
| Mindfulness in Schools NHS Health & Wellbeing |
Coaching | Service | 34,051 | 19,641 | 19,641 34,051 |
22,011 39,114 |
||
| Horticultutul Therapy (Growing |
People) | 7,364 | 12,500 | 19,864 | 14,160 | |||
| Other trading activities | 42 766 | 42 766 | 36910 | |||||
| Total | 659624 | 33,641 | 693 265 | 707,111 | ||||
| EXPENDITURE ON | ||||||||
| Raising funds | 679 | 679 | 200 | |||||
| Charitable activities |
||||||||
| Classes and workshops | 155,719 | 4,159 | 159,878 | 168,062 | ||||
| Complementary therapies |
139,122 | 3,077 | 142,199 | 177,688 | ||||
| Counselling Low-cost counselling |
193,079 77,464 |
3,573 3,077 |
196,652 80,541 |
201,525 69,521 |
||||
| Positive Movement | 35,681 | 35,681 | 19,186 | |||||
| Mindfulness in Schools NHS Health & WelIbeing |
Coaching | Setwice | 21,757 45,048 |
20,667 1,500 |
42,424 46,548 |
20,713 23,748 |
||
| Horticultural Therapy (Growing |
People) | 30286 | 24,000 | 54286 | 9931 | |||
| Total | 698 835 | 60 053 | 758,888 | 690574 | ||||
| NET INCOME/(EXPENDITURE) | (39,211) | (26,412) | (65,623) | 16,537 | ||||
| RECONCILIATION OF |
FUNDS | |||||||
| Total funds brought forward |
50,805 | 50,547 | 101,352 | 84,815 | ||||
| TOTAL FUNDS CARRIED FORWARD | 11594 | 24 135 | 35,729 | 101352 |
| 31.7,23 | 31.7.22 | |||||
|---|---|---|---|---|---|---|
| Uruestricted | Restricted | Torsi | Total | |||
| fund | funds | funds | funds | |||
| Notes | E | E | ||||
| FIXEDASSETS | ||||||
| Tangible assets |
10 | 34,279 | 17,876 | 52.155 | 67.446 | |
| CURRENT ASSETSi |
||||||
| otocks Debtors ash at bank |
ll 12 |
400 31.940 51,083 |
6,259 | 400 31.940 57,342 |
1.748 13.891 140?00 |
|
| 83.423 | 6259 | 89.682 | 155.839 | |||
| CREDITORS | ||||||
| Amounts I'agutg due within |
oue year | 13 | (79,653) | (79,653) | (84,921) | |
| NET CURRENT ASSETS | 3,770 | 6,259 | 10.029 | 70918 | ||
| TOTAL ASSETS LESSCURRENT | ||||||
| LIABILITIES | 38.049 | 24.135 | 62,184 | 138,364 | ||
| CRKDITORS | ||||||
| Atnounts falling due at'ter morc than one year |
14 | (26,455) | (26,455) | (37,0121 | ||
| iVET ASSR'I'S | 11.594 | 24,135 | 35,729 | 101.352 | ||
| TUVDS | 16 | |||||
| Unrestricted funds Restricted funds |
11,594 24.135 |
50.805 50,54 |
||||
| TOTAL FUNDS | 35,729 | 101,352 |
| THE SADIE CENTRE | THE SADIE CENTRE | |||||
|---|---|---|---|---|---|---|
| STATEMENT OF CASH FLOWS | ||||||
| FOR THE YEAR ENDED 31JULY 2023 | ||||||
| 31.7.23 | 31.7.22 | |||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations Interest paid |
(62,206) ~1,001) |
55,530 ~911) |
||||
| Net cash (used in)/provided | by operating | activities | ~63,207) | 54,619 | ||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed |
assets | ~9,094) | ~4,725) | |||
| Net cash used in investing | activities | ~9094) | ~4725) | |||
| Cash flows from tqnancing | activities | |||||
| Loan repayments in year |
~10557) | ~4,590) | ||||
| Net cash used in financing | activities | ~10,557) | ~4,590) | |||
| Change in cash and cash equivalents |
in | the | ||||
| reporting period Cash and cash equivalents |
at the beginning | (82,858) | 45,304 | |||
| ofthe reporting period |
140,200 | 94 896 | ||||
| Cash and cash equivalents | at the end | ofthe | ||||
| reporting period |
57,342 | 140200 |
| 31.7.23 | 31.7.22 | |||||||
|---|---|---|---|---|---|---|---|---|
| Net (expenditure)/Income | for the reporting | period (as per the Statement | ||||||
| ofFinancial Adjustments |
Activities) for: |
(65,623) | 16,537 | |||||
| Depreciation | charges | 24,385 | 30,164 | |||||
| llltel'est paid |
1,001 | 911 | ||||||
| Decrease in | stocks | 1,348 | ||||||
| Increase in debtors (Decrease)/increase in |
creditors | (18,049) ~5268) |
(3,964) 11,882 |
|||||
| Net cash (used in)/provided | by operations | ~62,206) | 55,530 | |||||
| ANALYSIS | OF CHANGES | IN NET FUNDS | ||||||
| At 1.8.22 | Cash flow | At 31.7.23 | ||||||
| Net cash | ||||||||
| Cash at bank | 140,200 | ~82 858) | 57 342 | |||||
| 140200 | ~82,858) | 57 342 | ||||||
| Debt | ||||||||
| Debts falling Debts falling |
due within due afler |
I | I year year |
(8,398) ~37012) |
10,557 | (8,398) ~26,455) |
||
| 45,4IO | 10557 | ~34 853) | ||||||
| Total | ~94 790 | ~72,301) | 22 489 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 31.7.23 | 31.7.22 | |
| Donations Grants |
5,131 1,500 |
4,677 31,803 |
| 6,631 | 36480 | |
| OTHER TRADING ACTIVITIES | ||
| 31.7.23 | 31.7.22 | |
| Shop income | 363 | |
| Room hire Other income |
21,315 4,926 |
12,491 |
| Rental income Wedding income Utilities income |
5,620 10,905 |
3,360 17,175 3 521 |
| 42,766 | 36910 |
| INCOME FROM CHA | RITA | BL | E | ACTIVITIES | |||||
|---|---|---|---|---|---|---|---|---|---|
| 31.7.23 | 31.7.22 | ||||||||
| Activity | |||||||||
| Classes and workshops | 201,338 | 166,887 | |||||||
| Complementary therapies |
114,814 | 117,162 | |||||||
| Counselling | 193,616 | 228,613 | |||||||
| Low-cost counselling | 2,937 | ||||||||
| Low-cost counselling | 18,887 | 15,534 | |||||||
| Positive Movement | 38,720 | 30,240 | |||||||
| Mindfulness in Schools |
19,641 | 22,011 | |||||||
| NHS Health &.Wellbeing | Coaching | Service | 34,051 | 39,114 | |||||
| Horticultural Therapy (Growing |
People) | 19,864 | 14,160 | ||||||
| 643,868 | 633,721 | ||||||||
| CHARITABLE ACTIVITIES | COS'I'8 | ||||||||
| Support | |||||||||
| Direct | costs (see | ||||||||
| Costs | note 6) | Totals | |||||||
| Classes and workshops | 86,885 | 72,993 | 159,878 | ||||||
| Complementary therapies |
72,333 | 69,866 | 142,199 | ||||||
| Counselling | 126,288 | 70,364 | 196,652 | ||||||
| Low-cost counselling Positive Movetnent |
10,673 18,215 |
69,868 17,466 |
80,541 35,681 |
||||||
| Mindfulness in Schools NHS Health &Wellbeing |
Coaching | 13,741 | 28,683 | 42,424 | |||||
| Service | 27,582 | 18,966 | 46,548 | ||||||
| Horticultural Therapy (Growing |
People) | 20 354 | 33,932 | 54,286 | |||||
| 376071 | 382 138 | ~758 209 | |||||||
| SUPPORT COSTS | |||||||||
| Other | |||||||||
| Classes and workshops | 72,993 | ||||||||
| Complementary therapies Counselling Low-cost counselling Positive Movement Mindfulness in Schools NHS Health &Wellbeing |
Coaching | Service | 69,866 70,364 69,868 17,466 28,683 18,966 |
||||||
| Horticultural Therapy (Growing |
People) | 33,932 | |||||||
| 382 138 |
| 31.7.23 | 31.7.22 | ||||
|---|---|---|---|---|---|
| Admin | 13 | 13 | |||
| No employees received emoluments |
in excess off60,000. | ||||
| The average number ofemployees | includes | both full and part time employees. | |||
| 2022 COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
29,100 | 7,380 | 36,480 | ||
| Charitable activities |
|||||
| Classes and workshops Complementary therapies Counselling Low-cost counselling Positive Movement Mindfulness in Schools NHS Health & Wellbeing Coaching Service Horticultural Therapy (Growing People) |
166,887 117,162 228,613 15,534 30,240 22,011 39,114 2,660 |
11,500 | 166,887 117,162 228,613 15,534 30,240 22,011 39,114 14,160 |
||
| Other trading activities | 36,910 | 36910 | |||
| Total | 688 231 | 18880 | 707,111 | ||
| EXPENDITURE ON | |||||
| Raising funds | 200 | 200 | |||
| Charitable activities |
|||||
| Classes and workshops Complementary therapies Counselling Low-cost counselling Positive Movement |
161,811 174,660 201,172 69,168 17,348 |
6,251 3,028 353 353 1,838 |
168,062 177,688 201,525 69,521 19,186 |
| NO | NO | NO | TES | TO THE FINANCIAL STATFMENTS - continued FOR THE YEAR ENDED 31JULY 2023 |
TO THE FINANCIAL STATFMENTS - continued FOR THE YEAR ENDED 31JULY 2023 |
TO THE FINANCIAL STATFMENTS - continued FOR THE YEAR ENDED 31JULY 2023 |
||
|---|---|---|---|---|---|---|---|---|
| 2022 COMPARATIVES | FOR | THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||||||
| Unrestricted | Restricted | Total | ||||||
| fund | funds | funds | ||||||
| Mindfulness in Schools NHS Health & Wellbeing |
Coaching Service | 15,418 23,309 |
5,295 439 |
20,713 23,748 |
||||
| Horticultural Therapy |
(Growing | People) | 9,931 | 9,931 | ||||
| Total | 673,017 | 17,557 | 690,574 | |||||
| NET INCOME Transfers bettvecn |
funds | 15,214 ~1,920) |
1,323 1 920 |
16,537 | ||||
| Net movement in |
funds | 13,294 | 3,243 | 16,537 | ||||
| RECONCILIATION | OF | FUNDS | ||||||
| Total funds brought | forward | 37,511 | 47,304 | 84,815 | ||||
| TOTAL FUNDS CARRIED FORWARD | 50 805 | 50 547 | 101,352 | |||||
| 10. | TANGIBLE FIXED | ASSETS | ||||||
| Improvements | Furniture | |||||||
| to | and | Computer | ||||||
| propetty | equiptnent | equipment | Totals | |||||
| COST | ||||||||
| At 1 August 2022 |
400,202 | 27,060 | 19,970 | 447,232 | ||||
| Additions | 4,434 | 3 160 | I 500 | 9,094 | ||||
| At 31 July 2023 | 404,636 | 30220 | ~21 470 | 456,326 | ||||
| DEPRECIATION | ||||||||
| At 1 August 2022 Charge for year |
342,677 20,167 |
24,714 388 |
12,395 3 830 |
379,786 24,385 |
||||
| At 31 July 2023 | 362,844 | 25,102 | 16225 | ~404 171 | ||||
| NKT BOOK VALUE | ||||||||
| At 31 July 2023 | 41 792 | 5 118 | 5,245 | 52 155 | ||||
| At 31 July 2022 | 57,525 | 2,346 | 7575 | 67446 |
| 11. | STOCKS | |||
|---|---|---|---|---|
| 31.7,23 | 31.7.22 | |||
| f | ||||
| Stocks | 400 | 1 748 | ||
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|||
| 31,7.23 | 31.7.22 | |||
| Trade debtors | 14,627 | 13,891 | ||
| Prepayments and accrued income |
17,313 | |||
| 31 940 | 13,891 | |||
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.7.23 | 31.7.22 | |||
| Trade creditors Taxation and social security |
48,498 2,122 |
32,552 4,302 |
||
| Other creditors | 29033 | ~48 067 | ||
| 79653 | 84 921 | |||
| 14. | CREDITORS: AMOUNTS FALLING DUK AFTER MORE THAN ONK YEAR | |||
| 31.7.23 | 31.7.22 | |||
| Other creditors | 26455 | 37,012 | ||
| 15. | LOANS | |||
| An analysis ofthe maturity ofloans is given below: | ||||
| 31.7.23 | 31.7.22 | |||
| Amounts falling due within one year on demand: |
||||
| Bounce Back Covid Loan | 8,398 | 8,398 | ||
| Amounts falling between |
one and two years: | |||
| Bounce Back Covid Loan | 1-2years | 8,611 | 8,611 | |
| Amounts faIling due between two and five years: |
||||
| Bounce Back Covid Loan | 2-5 years | 17844 | 28 401 |
| MOVEMENT IN FUNDS |
||||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.8.22 | in funds | 31.7.23 | ||
| Unrestricted funds |
||||
| General fund |
50,805 | (39,211) | 11,594 | |
| Restricted funds |
||||
| Building - NHDC Community Facilities |
||||
| Capita!Projects Funding Scheme Building - The Valiant Charitable Technology —Letchworth Garden |
Tmst City |
8,985 15,368 |
(4,672) (1,805) |
4,313 13,563 |
| Heritage Foundation MiS - Henry Colbom Tmst MiS - Donations fiom drop-in meditation |
6,063 947 |
(6,063) (485) |
462 | |
| sessions Counselling -Arnold Clarke Community |
6,338 | (541) | 5,797 | |
| Fund PM - Tesco Bags ofHelp Growing People —HCC Household Suppots Growing People - HCC Mental Health |
496 350 10,000 |
(496) (350) (10,000) |
||
| Monies PM - Wheathamsted Parish Council |
1,500 500 |
(1,500) ~500) |
||
| ~50 547 | ~26,412) | 24 ]35 | ||
| TOTAL FUNDS | 101,352 | ~65,623) | 35 729 |
| Incolnlllg | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General fund |
659,624 | (698,835) | (39,211) |
| Restricted funds |
|||
| Building - NHDC Community Facilities |
|||
| Capital Projects Funding Scheme Building - The Valiant Charitable Tmst Technology - Letchworth Garden City |
(4,672) (1,805) |
(4,672) (1,805) |
|
| Heritage Foundation lvliS - Henty Colbom Trust MiS - Donations fiom drop-in meditation |
(6,063) (485) |
(6,063) (485) |
|
| sessions Training —HCF Workforce Development |
(541) | (541) | |
| Grant Counselling -Arnold Clarke Community |
1,500 | (1,500) | |
| Fund PM - Tesco Bags ofHelp Growing People - HCC Household Support Growing People - HCC Mental Health |
12,500 | (496) (350) (22,500) |
(496) (350) (10,000) |
| Monies PM - Wheathamsted Parish Council Mindfulness in Schools - LGCHF |
19,641 | (1,500) (500) ~19641) |
(1,500) (500) |
| 33,641 | ~60053) | ~26412) | |
| TOTAL FUNDS | 693265 | ~758 888) | ~65 623) |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| elovenlent | between | At | ||||
| At 1.8.21 | in funds | funds | 31.7.22 | |||
| 8 | ||||||
| Unrestricted funds |
||||||
| General fund |
37,511 | 15,214 | (1,920) | 50,805 | ||
| Restricted funds |
||||||
| Building - NHDC Community Facilities |
||||||
| Capital Projects Funding | Scheme | 10,157 | (1,172) | 8,985 | ||
| Building - The Valiant Charitable | Tmst | 17,289 | (1,921) | 15,368 | ||
| Technology - Letchworth |
Garden City | |||||
| Heritage Foundation MiS - County Councillor |
Indi Billing | 9,427 139 |
(3,364) (139) |
6,063 | ||
| MiS - County Councillor | Teny Hone | 139 | (139) | |||
| MiS - County Councillor | Micheal | hearn | 139 | (139) | ||
| MiS - Hemy Colborn Tmst | 1,620 | (673) | 947 | |||
| MiS - Letchworth Heritage Foundation MiS - Donations from drop-in meditation |
1,550 | (1,550) | ||||
| sessions | 5,739 | 599 | 6,338 | |||
| Training —HCF Workforce Development |
||||||
| Grant | 442 | (524) | 82 | |||
| PM - Herts Valley CCG | Small Grants | |||||
| Process | (1,838) | 1,838 | ||||
| Counselling - Arnold Clarke Community |
||||||
| Fund PM - Tesco Bags ofHelp |
663 | (167) 350 |
496 350 |
|||
| Growing People - HCC Household | Support | 10,000 | 10,000 | |||
| Growing People - HCC Mental Health |
||||||
| Monies | 1,500 | 1,500 | ||||
| PM - Wheathamsted Parish Council |
500 | 500 | ||||
| 47 304 | I 323 | 1,920 | 50,547 | |||
| TOTAL FUNDS | 84 815 | 16537 | 101,352 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| I'esoul'ces | expended | in funds | |
| Unrestricted funds |
|||
| General fund |
688,231 | (673,017) | 15,214 |
| Restricted funds |
|||
| Building - NHDC Community Facilities |
|||
| Capital Projects Funding Scheme Building - The Valiant Charitable Tlust Technology - Letchwotah Garden City |
(1,172) (1,921) |
(1,172) (1,921) |
|
| Heritage Foundation MiS - County Councillor Judi Billing MiS - County Councillor Terry Hone MiS - County Councillor Micheal heanl MiS - Henry Cofbom Trust MiS - Letchworth Heritage Foundation MiS - Donations from drop-in meditation |
(3,364) (139) (139) (139) (673) (1,550) |
(3,364) (139) (139) (139) (673) (1,550) |
|
| sessions Ttuining - HCF Workforce Development |
4,677 | (4,078) | 599 |
| Grant PM - Herts Valley CCG Small Grants |
1,703 | (2,227) | (524) |
| Process Counselling -Arnold Clarke Community |
(1,838) | (1,838) | |
| Fund PM - Tesco Bags ofHelp Growing People - HCC Household Support Growing People - HCC Mental Health |
500 10,000 |
(167) (150) |
(167) 350 10,000 |
| Monies PM - Wheathamsted Parish Council |
1,500 500 |
1,500 500 |
|
| 18880 | ~17557) | I 323 | |
| TOTAL FUNDS | 707 111 | ~690574) | 16537 |