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||||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|
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||||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|
##
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||||||||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|
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|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|
##
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##
|||||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|
##
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||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)|
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##
|||||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|
##
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##
##
||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|
##
##
##