Charity Number 0298301 Company Number 2203942
STREET FORGE WORKSHOPS LIMITED (A company limited by guarantee)
## UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st March 2022
## STREET FORGE WORKSHOPS
(A company limited by guarantee)
|CONTENTS||
|---|---|
||Page|
|Reference and administrative details of the charity, its trustees and advisers|1|
|Trustees' report|2-5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9-19|
STREET FORGE WORKSHOPS (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022
Trustees
Mrs R Bassett, Chair Mr A Carmichael, Trustee Mrs Diana Kearsley, Trustee Mr Ian Tungate, Trustee Mr N Pollard, Trustee (resigned 25th July 2022) Mr K Abbott, Trustee Mr Mel Easton, Trustee Ms K Donovan, Trustee
Company registered number
2203942
Registered office
The Street, Thornham Magna, Near Eye, Suffolk, IP23 8HB
## Accountants
Anthony James Brice LP, Chartered Certified Accountant, The Old Forge, The Street, Pulham St Mary, Norfolk IP21 4RD
## Bankers
Charities Aid Foundation (CAF Bank Limited), Kings Hill, West Malling, Kent, ME19 4TA Shawcross Bank,
## Chief Executive
Miss C Keeble
Page 1
STREET FORGE WORKSHOPS (A company limited by guarantee)
## TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their annual report together with the financial statements for the year 1 April 2021 to 31st March 2022. The Trustees confirm that the Annual Report and financial statement of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2019).
Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013 is not required.
## Objectives and Activities
## a. Policies and objectives
Our charitable objective is the relief of suffering by providing for the care, accommodation, training, education, future living, employment, occupation and sustenance of adults with physical or learning disabilities in order to foster and encourage a sense of independence.
## b. Activities for achieving objectives
Street Forge Workshops provide a training resource for adults with physical, sensory or learning disabilities, including those with multiple disabilities and/or mild mental health problems, to help them fulfil their potential and to achieve independence and an improved quality of life.
Our Mission Statement:
To achieve excellence in providing progressive training and support for adults with physical, sensory or learning disabilities and/or mental health problems.
To enhance quality of life and enable people using the service to achieve their full potential through training, work experience, social skills development and independent living preparation.
## c. Main activities undertaken to further the charity's purposes for the public benefit
The Workshops offer work preparation and experience, skills and confidence training, and therapeutic activities to assist trainees to enter employment and education, or to pursue other meaningful daytime occupation. The trustees have due regard to the Charity Commission's guidance on public benefit in their decision making, where relevant.
## d. Volunteers
The charity is grateful for the unstinting efforts of its volunteers who carry out a range of roles, from assisting trainees in the woodwork workshops, leading activities, ICT support to gardening supervision and so much more.
Page 2
(A company limited by guarantee)
## STREET FORGE WORKSHOPS
TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2022
## Achievements and performance
## a. Review of activities
With the pandemic still around us, we have, thankfully, managed to safely continue operating our day service to our clients over the past year. This is thanks to both our staff and volunteers and to our clients and their loved ones / families by ensuring and adhering to covid restrictions, which are in place within SFW.
Sadly, our main social enterprise outlet burnt down earlier in the year. This is where we sold our wooden bird / hedgehog houses and other nature products. However, through advertising further afield and locally, our ‘walk – in’ sales have increased, as has the ability to undertake attending small shows and fetes, now that these events are gradually returning. Therefore, our income has been encouraging. We have completed essential roof repairs over the kitchen and office areas, so we are now watertight throughout all our buildings.
Having lived through a few ‘lost’ years with Covid, we are now needing some ‘fun time’, so concentrating on arranging a few trips out for clients over the foreseeable future and let’s hope we can continue to move forward, positively and productively.
## Financial Review
## a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## b. Reserves policy
The company's reserves policy is to maintain sufficient free reserves to meet future operational needs whilst ensuring that any future drop in income can be met in the short term. Our reserves also hold a contingency for potential redundancy payments should there be failure of the business. The directors consider that free reserves of £37.5k, equivalent to three months expenditure, would be required to cover the loss of our main source of client income allow time to secure alternative funding or an orderly windup of operations. Additionally, a further £20.5k should be held to cover statutory redundancy payments in the event of closure. These figures, totalling £58k, will be reviewed annually by the trustees. As of 31.3.22 our free reserves were £110.6k (2021 £123.1k) leaving the company an excess of £52.6k.
Having now lost both government and council Covid support grants we anticipate that £20k of this will be required to cover losses of income and increased overtime payments due to client and staff Covid absences. The remaining funds will be used for future expansion.
Page 3
STREET FORGE WORKSHOPS (A company limited by guarantee)
TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2022
Structure, governance and management
## a. Constitution
The company is registered as a charitable company limited by guarantee and is registered as a charity number 298301. The running of the company is governed by its Memorandum and Articles of Association which were adopted on 9 December 1987 and subsequently amended on 19 April 1996, 12 December 1997, 7 September 2005 and 30 March 2017.
## b. Method of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. Trustees are identified by users of Street Forge Workshops, or by recommendation of existing Trustees. The adoption of people identified or recommended in this way, as Trustees of Street Workshops is by vote from current, paid up 'members' of the charity. The longest serving third of the Board of Trustees shall retire by rotation, annually. They may be reappointed by vote from members'. Voting will normally take place at the AGM. Trustees must be at least 18 years of age and all prospective appointees must be notified to 'members' at least 28 days prior to voting. The terms under which individuals may become 'members' of the charity are defined by current members.
## c. Policies adopted for the induction and training of Trustees
Training for Trustees is based upon individual experience and circumstances. Training may include attendance at formal seminars/ lectures, reading information bulletins and leaflets, or mentoring.
## d. Organisational structure and decision making
Day to day running of the project is undertaken by a Manager / Chief Executive appointed by the Board of Trustees. The Board of Trustees meet ten times per year to discuss all matters affecting the project with the manager. Where appropriate, Trustees will make decisions which are beyond the remit of the manager. Guidelines for trustees' and managers' decision making can be found in 'Street Forge Policies & Procedures' or the 'Articles of Association' for the Charitable Company.
Full details of Trustees' appointment, their powers, qualification, renumeration and the processes under which they are permitted to undertake their duties can be found in the Articles of Association for Street Forge Workshops as a Charitable Company.
## e. Public Benefit
The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Charity Commission’s general guidance on public benefit. The purpose of the charity is duly enshrined in its objects outlined above. The trustees ensure this is carried out for the public benefit by delivering a range of activities to meet its objects.
Page 4
STREET FORGE WORKSHOPS (A company limited by guarantee)
## TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2022
## Trustees' responsibilities statement
The Trustees (who are also directors of Street Forge Workshops Limited for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material
- departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is appropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
29/09/2022
This report was approved by the trustees on ……………….….. and signed on their behalf by:
## K A Abbott
> Rosemary Bassett (Sep 29, 2022 16:16 GMT+1) …………………………………….. Mrs R Bassett, Chair of Trustees
> K A Abbott (Oct 4, 2022 11:23 GMT+1) …………………………………….. Mr Ken Abbott, Trustee
Page 5
STREET FORGE WORKSHOPS (A company limited by guarantee)
## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STREET FORGE WORKSHOPS FOR THE YEAR ENDED 31 MARCH 2022
I report to the charity trustees on my examination of the accounts of the company for the year ended 31ST March 2022 which are set out on pages 7 to 19.
This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in an Independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work or for this report.
## **Responsibilities and basis of report**
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Anthony James Brice MEng (Hons) FCCA The Old Forge, The Street Pulham St Mary Diss Norfolk IP21 4RD
04/10/2022
Page 6
## STREET FORGE WORKSHOPS
## (A company limited by guarantee)
## STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022
|Notes
Income from:
Donations and legacies
2
Investment Income
3
Charitable activities:
Day services
4
Client support
5
Social enterprise sales
6
Internal sales
7
Total
Expenditure on:
Charitable activities:
Staff costs
15
Buildings and environment
8
Management and administration
9
Materials for users' projects
10
Equipment for services provided
11
Safety and welfare
12
Governance
Total
Net income before other recognised
gains and losses
Net movement in funds
Funds at 1 April 2021
Funds at 31 March 2022|Unrestricted
5,576
234
126,031
9,494
15,194
2,974
159,503
123,294
50,269
5,176
11,627
2,488
10,943
-
203,797
(44,294)
16,419
187,348
159,473|Restricted
1,276
-
-
-
-
-
1,276
-
213
2,156
-
-
-
-
2,369
(1,093)
(16,419)
17,753
241|2022
Total
6,852
234
-
126,031
9,494
15,194
2,974
160,779
123,294
50,482
7,332
11,627
2,488
10,943
-
206,166
(45,387)
-
205,101
159,714|_2021_
_Total_
_61,712_
_441_
-
_135,915_
_9,494_
_9,406_
_595_|
|---|---|---|---|---|
|||||_217,563_|
|||||_102,460_
_28,429_
_5,805_
_3,149_
_2,655_
_9,899_|
|||||_152,397_|
|||||_65,166_
-
_139,935_|
|||||_205,101_|
All of the company's operations are classed as continuing.
There are no recognised gains or losses other than those stated above.
The notes on pages 9 to 19 form part of these financial statements
Page 7
## STREET FORGE WORKSHOPS
(A company limited by guarantee)
BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2022
|Note
£
Tangible fixed assets
16
Current assets
Stocks
17
2,780
Debtors & Prepayments
18
10,142
Cash at bank and in hand
102,708
115,630
Creditors: Amount falling due
within one year
19
(4,839)
Net current assets
Net assets
Funds
Restricted funds
20
Unrestricted funds
20
Total funds|2022
£
48,923
110,791|£
_3,274_
_21,064_
_125,695_
_150,033_
_(3,578)_|_2021_
£
_58,646_
_146,455_|
|---|---|---|---|
||159,714||_205,101_|
||241
159,473||_17,753_
_187,348_|
||159,714||_205,101_|
||-||-|
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The accounts have been prepared in accordance with the provisions applicable to small companies subject to FRS 102.
29/09/2022
These financial statements were approved by the Board of Trustees on ……………….…………….. and signed on their behalf by
K A Abbott Rosemary Bassett (Sep 29, 2022 16:16 GMT+1) K A Abbott (Oct 4, 2022 11:23 GMT+1) Mrs R Bassett Mr Ken Abbott Chair Trustee
The notes on pages 9 to 19 form part of these financial statements
Page 8
(A company limited by guarantee)
## STREET FORGE WORKSHOPS
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. Accounting policies
1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102) and the Companies Act 2006.
Street Forge Workshops meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy.
## 1.2 Company status
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
- 1.3 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
- 1.4 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 9
STREET FORGE WORKSHOPS (A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. Accounting policies (continued)
## 1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
## 1.6 Tangible fixed assets and depreciation
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery 10% and 20% straight line Computer equipment 3 years straight line Leasehold property improvements 10% straight line
This represents a change in accounting policy in 2017.
## 1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally on notification of the interest paid or payable by the Bank.
## 1.8 Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
## 1.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 10
STREET FORGE WORKSHOPS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## 1. Accounting policies (continued)
## 1.11 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition of the deposit or similar account.
## 1.12 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
## 1.13 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method.
## 1.14 Pensions
The company operates a defined benefit contribution scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
## 2. Income from donations
|Donations received including Gift Aid
Grants
Project income
Similar incoming resources
Total donations and legacies|Unrestricted
funds
2022
£
2,605
1,796
985
190
5,576|Restricted
funds
2022
£
-
1,276
-
-
1,276|Total
funds
2022
£
2,605
3,072
985
190
6,852|_Total_
_funds_
_2021_
_£_
_1,085_
_20,573_
_6,483_
_33,571_|
|---|---|---|---|---|
|||||_61,712_|
In 2021, of the total income from donations etc, £20,018 was to unrestricted funds and £41,694 was to restricted funds.
Page 11
STREET FORGE WORKSHOPS (A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## 3. Investment income
|3.
Investment income|||
|---|---|---|
|Unrestricted
Restricted
funds
funds
2022
2022
£
£
Interest received
234
-
In 2021, all of the investment income was to unrestricted funds.
4.
Day services
Unrestricted
Restricted
funds
funds
2022
2022
£
£
Suffolk Social Care Services
90,564
-
Direct payments
14,780
-
Norfolk County Council
20,687
-
126,031
-
5.
Client support
Unrestricted
Restricted
funds
funds
2022
2022
£
£
One to one support
9,494
-
6.
Social enterprise sales
Unrestricted
Restricted
funds
funds
2022
2022
£
£
Woodwork sales
14,182
-
Craft sales
100
-
Horticulture sales
912
-
Private Tuition
-
-
15,194
-|Total
funds
2022
£
234
Total
funds
2022
£
90,564
14,780
20,687
126,031
Total
funds
2022
£
9,494
Total
funds
2022
£
14,182
100
912
-
15,194|_Total_
_funds_
_2021_
_£_
_441_|
|||_Total_
_funds_
_2021_
_£_
_123,578_
_3,080_
_9,257_|
|||_135,915_|
|||_Total_
_funds_
_2021_
_£_
_9,494_|
|||_Total_
_funds_
_2021_
_£_
_8,413_
_41_
_952_
_-_|
|||_9,406_|
Page 12
STREET FORGE WORKSHOPS (A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## 7. Internal sales
|Internal sales|||||
|---|---|---|---|---|
|Refreshments
Social events and functions
Recreational cooking|Unrestricted
funds
2022
£
2,112
358
504
2,974|Restricted
funds
2022
£
-
-
-
-|Total
funds
2022
£
2,112
358
504
2,974|_Total_
_funds_
_2021_
_£_
_440_
_144_
_11_|
|||||_595_|
In 2021, all of the total income from internal sales was unrestricted.
## 8. Buildings and environment
|Buildings and environment|||||
|---|---|---|---|---|
|Rent
Water rates
Electricity
Oil
Premises repairs and renewals
Cleaning materials
Gardening
Depreciation
Project costs|Unrestricted
funds
2022
£
7,070
154
2,170
1,651
6,118
1,166
450
5,008
26,482
50,269|Restricted
funds
2022
£
-
-
-
-
-
-
-
-
213
213|Total
funds
2022
£
7,070
154
2,170
1,651
6,118
1,166
450
5,008
26,695
50,482|_Total_
_funds_
_2021_
_£_
_7,040_
_168_
_1,007_
_1,318_
_5,483_
_871_
_-_
_5,358_
_7,184_|
|||||_28,429_|
Page 13
(A company limited by guarantee)
## STREET FORGE WORKSHOPS
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## 9. Management and administration
|9.
Management and administration||||
|---|---|---|---|
|Travelling
Postage and carriage
Telephone and internet
Advertising and promotion
Office and stationery and copying
Accountancy fees
Photocopier
Bank charges
Legal and professional fees
Depreciation and Loss on Disposal
10.
Materials for users' projects
Horticulture materials
Craft
Woodwork materials
Depreciation
11.
Equipment for services provided
Horticulture - repairs and renewals
ICT
Woodwork - repairs and renewals
Depreciation and Loss on Disposal|Unrestricted
Restricted
funds
funds
2022
2022
£
£
-
2,156
10
-
1,059
-
335
-
1,378
-
1,080
-
966
-
96
-
13
-
239
-
5,176
2,156
Unrestricted
Restricted
funds
funds
2022
2022
£
£
407
-
465
-
9,679
-
1,076
-
11,627
-
Unrestricted
Restricted
funds
funds
2022
2022
£
£
141
-
200
-
1,071
-
1,076
-
2,488
-|Total
funds
2022
£
2,156
10
1,059
335
1,378
1,080
966
96
13
239
7,332
Total
funds
2022
£
407
465
9,679
1,076
11,627
Total
funds
2022
£
141
200
1,071
1,076
2,488|_Total_
_funds_
_2021_
_£_
_1,283_
_103_
_1,180_
_12_
_383_
_900_
_1,429_
_69_
_13_
_433_|
||||_5,805_|
||||_Total_
_funds_
_2021_
_£_
_242_
_284_
_1,788_
_835_|
||||_3,149_|
||||_Total_
_funds_
_2021_
_£_
_181_
_433_
_1,206_
_835_|
||||_2,655_|
Page 14
(A company limited by guarantee)
## STREET FORGE WORKSHOPS
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## 12. Safety and welfare
|Safety and welfare||||
|---|---|---|---|
|Project insurance
Health and safety including CRB
Refreshments
Social events/functions
Recreational cooking
Personal protective equipment
Depreciation
Net incoming resources/(resources expended)
Depreciation and loss on disposal of tangible fixed assets:
*-owned by the charity|Unrestricted
Restricted
funds
funds
2022
2022
£
£
3,435
-
1,030
-
559
-
995
-
503
-
89
-
4,332
-
10,943
-|Total
funds
2022
£
3,435
1,030
559
995
503
89
4,332
10,943
2022
£
11,731
-|_Total_
_funds_
_2021_
_£_
_2,406_
_1,496_
_77_
_322_
_189_
_1,023_
_4,386_|
||||_9,899_|
||||_2021_
_£_
_11,847_|
|||||
## 13. Net incoming resources/(resources expended)
## 14. Auditor's remuneration
The Independent Examiner's remuneration (including accounts preparation) amounts to £1,080 (2021 - £900)
Page 15
(A company limited by guarantee)
## STREET FORGE WORKSHOPS
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## 15.
|Staff costs
Unrestricted
funds
2022
Wages and salaries
118,570
Social security costs
1,005
Other pension costs
2,884
Contract staff
-
Recognition and reward
370
Staff training and welfare
465
123,294
The average number of persons employed by the company during the year
was as follows:|Restricted
funds
2022
-
-
-
-
-
-
-|Total
funds
2022
£
118,570
1,005
2,884
-
370
465
123,294
2022
£
11|_2021_
_£_
_95,015_
_-_
_6,131_
_-_
_914_
_400_|
|---|---|---|---|
||||_102,460_|
||||_2021_
_£_
_10_|
No employee received remuneration amounting to more than £60,000 in either year.
## 16.
## Tangible fixed assets
|Tangible fixed assets|||||
|---|---|---|---|---|
|Cost
At 1st April 2021
Disposals
Additions in year
At 31st March 2022
Depreciation
At 1st April 2021
Disposals
Charge for year
At 31st March 2022
Net Book value
At 31st March 2022
At 31st March 2021|Leasehold
Improvements
54,066
-
-
54,066
13,272
-
5,408
18,680
35,386
40,794|Tools and
Equipment
42,864
(500)
2,407
44,771
25,640
(500)
6,565
31,705
13,066
17,224|Computer
Equipment
£
3,967
-
-
3,967
3,339
-
157
3,496
471
628|Total
£
100,897
(500)
2,407|
|||||102,804|
|||||42,251
(500)
12,130|
|||||53,881|
|||||48,923|
|||||58,646|
Page 16
(A company limited by guarantee)
## STREET FORGE WORKSHOPS
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
|17.
Stocks
Raw materials
Work in progress
Finished goods and goods for resale
18.
Debtors
Trade debtors
Pre-payments
19.
Creditors: Amounts falling due within one year
Trade creditors
Accruals and deferred income|2022
£
1,100
287
1,393
2,780
2022
£
9,667
475
10,142
2022
£
3,759
1,080
4,839|_2021_
_£_
_1,621_
_215_
_1,438_|
|---|---|---|
|||_3,274_|
|||_2021_
_£_
_20,975_
_89_|
|||_21,064_|
|||_2021_
_£_
_2,678_
_900_|
|||_3,578_|
Page 17
## STREET FORGE WORKSHOPS
(A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
|20.
Statement of funds
Unrestricted funds
General Funds before prior year
adjustment
Restatement of funds for changes
in accounting policy 2017.
Restricted funds
Horticulture Fund
Heating Fund
Driveway Fund
Roof Fund
Woodwork Fund
Kitchen
Grants, including travel and PPE
Gazebo
CJRS
Covid 19 contingency fund
Total of funds
21.
Analysis of net assets between
funds
Tangible fixed assets
Current assets
Creditors due within one year|Brought
Forward
£
191,621
(4,273)
187,348
-
-
-
-
-
-
5,502
251
-
12,000
17,753
205,101
Unrestricted
funds
2022
£
48,923
115,389
(4,839)
159,473|Income
£
159,503
-
159,503
-
-
-
-
-
-
1,276
-
-
-
1,276
160,779
Restricted
funds
2022
£
-
241
-
241|Expenditure
£
(203,797)
-
(203,797)
-
-
-
-
-
-
(2,156)
(213)
-
-
(2,369)
(206,166)
Total
funds
2022
£
48,923
115,630
(4,839)
159,714|Transfers
£
16,419
-
16,419
-
-
-
-
-
-
(4,419)
-
-
(12,000)
(16,419)
-
_Total_
_funds_
_2021_
_£_
_58,646_
_150,033_
_(3,578)_
_205,101_|Carried
Forward
£
163,746
(4,273)|
|---|---|---|---|---|---|
||||||159,473|
||||||-
-
-
-
-
-
203
38
-
-
1|
||||||241|
||||||159,714|
|||||||
## 22. Pension Commitments
The company operates a defined contributions scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,884 (2021 - £2,532).
Page 18
STREET FORGE WORKSHOPS
(A company limited by guarantee)
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## 23. Description of funds
## Gazebo
This grant was provided to contribute to the construction of the gazebo at the leasehold property.
## Grants, including travel and PPE
These are specific grants to be spent on transport of services users.
## 24. Transfers between funds
£16,419 was transferred from restricted to unrestricted funds during the year to correct the classification of grants received during the previous period which are not considered to meet the criteria for restricted funds.
## 25. Operating lease commitments
At 31 March 2022 the total of the Charity's future minimum lease payments under non-cancellable operating leases was:
|Land and buildings
Within 1 year
Between 1 and 5 years|2022
£
6,500
24,375
30,875|_2021_
_£_
_4,875_
_-_|
|---|---|---|
|||_4,875_|
## 26. Other financial commitments
Following the agreement of a new 25 year lease for the property at Thornham Magna, the trustees have embarked on a programme of improvements to the existing structure of the premises to modernise the facilities for clients. This programme is utilising a proportion of the free reserves. The surplus on the SOFA at 31 March 2022 reflects the fact that, although reserves have been spent on the improvements, because the charity expects to derive benefits from these improvements beyond the current reporting period, much of the expenditure has been treated as capital expenditure and will be depreciated over ten years.
Page 19