| Contents | |||||
|---|---|---|---|---|---|
| Report ofthe Trustee. | |||||
| Introduction. | |||||
| Directors —Dame Hannah Rogers Trust 2019 |
Limited (11878746)to 31 July 2021. | ||||
| Directors 8 Trustees —Dame Hannah Rogers |
Trust 2019 Limited | (11878746)and Charity (1194836)from the | 1 | ||
| August 2021 | |||||
| Officers and Key Employees ofDame Hannah | Rogers School to 31July 2021 | ||||
| Structure, Governance and Management |
|||||
| Appointment of Directors to the Corporate Trustee Board |
|||||
| Organisation. | |||||
| Our history. | |||||
| COVID-19 Pandemic —Summary service impact to 31 July 2021 |
|||||
| COVID-19 Pandemic —Financial challenges | 8 | impact mitigation | measures to 31 July 2021. | ||
| Trading Companies to 31 July 2021 |
|||||
| Risk Management. | |||||
| Public Benefit. | |||||
| Financial review - Overview. | 14 | ||||
| Financial review - Going Concern. | ....14 | ||||
| Reserves policy.. .... | ...14 | ||||
| Pay policy statement to 31July 2021. | .......14 | ||||
| Senior Leadership Team: |
|||||
| Fundraising practices. ...............................................~.~..................~... .. |
........15 | ||||
| Trustee's responsibilities in relation tothe |
financial statements. | ...~...~15 | |||
| Auditor. | |||||
| Independent Auditor's Report ........................... ~.~ |
.17 | ||||
| Independent Auditor's Report |
~ ~ ~ ~ ~~~ ~ ~I | 18 | |||
| Independent Auditor's Report continued. . |
..................19 | ||||
| Independent Auditor's Report continued. . |
.......................20 | ||||
| Statement ofFinancial Activities.. | .......21 | ||||
| Balance Sheet | ....22 | ||||
| Notes and Accounting Policies. |
.......24 |
| etermination and vitalit |
etermination and vitalit |
y ofour truly i | nspirational | dis | |
|---|---|---|---|---|---|
| Charity number | 306948 | ||||
| Registered | Office | Woodland | Road | ||
| Ivybridge | |||||
| Devon | |||||
| PL21 9HQ | |||||
| Auditor | PKF Francis Clark Chartered Accountants |
||||
| North Quay | House | ||||
| Sutton Harbour | |||||
| Plymouth | |||||
| PL4 ORA | |||||
| Solicitors | Tozers Solicitors LLP | ||||
| Broadwalk | House | ||||
| Southernhay | West | ||||
| Exeter | |||||
| Devon | |||||
| EX1 1UA | |||||
| Insurance | advisors | Marsh Commercial | |||
| 3~ Floor | |||||
| 26 Lockyer | Street | ||||
| Plymouth | |||||
| PL1 2QW | |||||
| Charity Website | www. cliscove;hanna~hs. | or |
| The following persons were unless otherwise stated: |
Directors ofthe Corp | orate Trustee during the whole ofthe | orate Trustee during the whole ofthe | year ended 31 March 2 |
|---|---|---|---|---|
| lan Cowley | Chair (Appointed | Vice Chair 27 July 2021, Appointed | Chair 12October 2021) | |
| Professor David Coslett | Chair (Retired from | the Board 12October 2021) | ||
| Paul Boys | Director | |||
| Simon Morris | Director | |||
| Chris Erwood | Director | |||
| Judith Gentry | Director (Appointed | 30April 2021) |
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Notes | Funds f |
Funds f |
2022 f |
2021 f |
|
| Income from: | |||||
| Donations and legacies. |
20,552 | 8,889 | 29,441 | 393,610 | |
| Charitable activities |
1,702,074 | 1,702,074 | 5,730,306 | ||
| Other trading activities | 575 | ||||
| Investment income |
|||||
| Total income | 1,722,627 | 8,889 | 1,731,516 | 6,124,501 | |
| Expenditure on: | |||||
| Costs of Raising funds | 3,142 | 4,731 | 7,873 | 14,666 | |
| Charitable activities |
1,657,658 | 2,536 | 1,660,194 | 5,728,482 | |
| Other: | |||||
| Financing costs | 5,568 | 5,568 | 9,977 | ||
| Total expenditure | 1,666,368 | 7,267 | 1,673,635 | 5,753,125 | |
| Net gains on investments | |||||
| Net income | 56,259 | 1,622 | 57,881 | 371,376 | |
| Transfer between funds |
|||||
| Net movement in funds |
56,259 | 1,622 | 57,881 | 371,376 | |
| Reconciliation offunds: | |||||
| Total funds brought forward |
756,850 | 62,163 | 819,013 | 447,637 | |
| Total funds | 813,109 | 63,785 | 876,894 | 819,013 | |
| Transfer to Dame Hannah Rogers Trust 2019Ltd |
(813,109) | (63,785) | (876,894) | ||
| Balance carried forward |
| Balance Sheet 1l March 2022 |
||||
|---|---|---|---|---|
| Charity | ||||
| 2022 | 2021 | |||
| Notes | ||||
| Fixed assets: | ||||
| Tangible assets | 15 | 399,776 | ||
| Investments | 16 | 10,004 | ||
| Total fixed assets | 409,780 | |||
| Current assets: | ||||
| Stocks | 17 | 20,676 | ||
| Debtors | 18 | 431,395 | ||
| Cash at bank and in hand | 2,150,737 | |||
| Total current assets | 2,602,808 | |||
| Liabilities: | ||||
| Creditors: amounts within one year |
falling due | 19 | (1,528,427) | |
| Net current assets/ | (liabilities) | 1,074,381 | ||
| Total assets less current liabilities |
1,484,161 | |||
| Creditors: amounts after more than one |
falling due year |
20 | (664,943) | |
| Total net assets | 819,013 | |||
| The funds ofthe Charity: | ||||
| Endowment funds |
22 | |||
| Restricted funds | 22 | 62,163 | ||
| Unrestricted funds |
22 | 756,850 | ||
| Total Charity funds | 819,013 |
| Si.retement Of CeSI~i FROGS |
||||||
|---|---|---|---|---|---|---|
| 'Pea& erioIed 31 Marek 2O22 | ||||||
| 2022 | 2021 | |||||
| Notes | E | |||||
| Cash flows from operating activities: |
||||||
| Net cash received (used in)Ifrom operating | activities | 25 | (1,915,233) | 1,369,127 | ||
| Cash flows from investing activities: |
||||||
| Interest from investments | ||||||
| Proceeds from sale ofinvestments | ||||||
| Proceeds from the sale oftangible fixed |
assets | 3,000 | ||||
| Purchase oftangible fixed assets | (22,816) | (146,582) | ||||
| Net cash provided byl(usedin) investing | activities | (22,815) | (143,578) | |||
| Cash flows from financing activities: |
||||||
| Transfer offixed Assets to DHRT 2019 | 413,234 | |||||
| Transfer of borrowing to DHRT 2019 |
(625,921) | |||||
| CBI Loan received in year |
200,000 | |||||
| Repayment of borrowing |
(58,872) | |||||
| Net cash used in financing activities | (212,687) | 141,128 | ||||
| Changein cash and cash equivalents |
in the | year | (2,150,735) | 1,366,677 | ||
| Cash and cash equivalents atthe beginning |
ofthe year | 2,150,735 | 784,058 | |||
| Cash and cash equivalents at the end |
ofthe | year | 26 | 2,150,735 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2022 | 2022 f |
2021 | 2021 | 2021 F |
|||
| Donations | and | gifts | 5,437 | 8,889 | 14,326 | 165,106 | 6,209 | 171,315 |
| Legacies | 5,604 | 5,604 | 108,622 | 108,622 | ||||
| Furlough | Grant | 9,510 | 9,510 | 113,673 | 113,673 | |||
| Total | 20,552 | 8,899 | 29,441 | 387,401 | 6,209 | 393,610 |
| .Income from charitabl | e activities | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| E | E | |||||
| Fees receivable | 1,666,689 | 1,666,689 | 5,532,763 | 5,532,763 | ||
| Therapy services | 5,073 | 5,073 | ||||
| Covid grant support | 35,384 | 35,384 | 190,469 | 190,469 | ||
| Other income | 2,000 | 2,000 | ||||
| Total | 1,702,074 | 1,702,074 | 5,730,306 | 5,730,306 |
| .Income from other | trading activities | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| f | E | f | E | |||
| Hub income | 575 | 575 | ||||
| Total | 575 | 575 |
| Unrestricted | Unrestricted |
|---|---|
| 2022 | 2021 |
| E | |
| 1 | 4 |
| 8.Expenditure on raising funds |
||
|---|---|---|
| Total | Total | |
| 2022 | 2021 | |
| F | ||
| Depreciation | 5,166 | |
| Other costs | 7,873 | 9,500 |
| 7,873 | 14,666 |
| Direct costs | Unrestricted | Restricted | Total 2022 |
Total 2021 |
|---|---|---|---|---|
| Staffcosts | 1,230,904 | 1,230,904 | 4,251,674 | |
| Premises costs | 263,880 | 263,880 | 802,127 | |
| Supplies | 24,175 | 24,175 | 152,748 | |
| Depreciation | 16,558 | 2,536 | 19,094 | 60,691 |
| Other | 1,571 | 1,671 | 27,814 | |
| 1,537,188 | 2,536 | 1,539,724 | 5,295,054 | |
| Governance costs (note 10) | 38,716 | 38,?16 | 130,286 | |
| Support costs (note 10) | 81,753 | 81,753 | 303,142 | |
| 1,657,658 | 2,536 | 1,660,194 | 5,728,482 |
| Support | Governance | Total | Total | Basis of Governance |
|||
|---|---|---|---|---|---|---|---|
| costs | costs | 2022 | 2021 | allocation Governance |
|||
| Management/admin | staff salaries | 81,753 | 20,438 | 102,191 | 378,786 | Time spent | |
| Legal and | Professional | 8,927 | 8,927 | 21,000 | |||
| Refinancing | costs | Governance | |||||
| Other | 9,351 | 9,351 | 33,500 | ||||
| 81,753 | 38,716 | 120,469 | 433,286 |
| 11~ Net expenditure | 11~ Net expenditure | ||||
|---|---|---|---|---|---|
| Net expenditure | forthe | year is after charging: | |||
| 2022 | 2021 | ||||
| F | F | ||||
| (Loss)/Profit on | disposal | offixed assets | (268) | (5,739) | |
| Depreciation of |
leasehold | assets | 2,069 | 20,564 | |
| Depreciation of |
owned | assets | 17,025 | 45,293 | |
| Auditor's remuneration |
for audit services: | ||||
| Charity | 2,500 | 8,000 | |||
| Non-audit services |
3,500 | ||||
| Other operating | leases | 97,677 | 297,027 |
| 12.Analysis o The aggregate |
fstaff costs, Trustee's remuneratio payroll costs were as follows: |
n and expenses and the costs ofkey m |
anagement |
|---|---|---|---|
| 2022 | 2021 | ||
| F | |||
| Wages and salaries | 1,201,506 | 3,999,560 | |
| Social security | costs | 87,173 | 287,441 |
| Pension costs | 31,228 | 109,872 | |
| Redundancy costs |
186,276 | ||
| Other staff costs | 11,960 | 41,967 | |
| Apprenticeship | levy | 1,228 | 5,486 |
| 1,333,095 | 4,630,602 |
| Leasehold buildings |
Fixtures, fittings and equipment |
Motor vehicles |
Trust website |
Total | |
|---|---|---|---|---|---|
| Cost or valuation | |||||
| At 1 April 2021 | 174,016 | 1,868,844 | 179,160 | 42,808 | 2,274,828 |
| Additions | 17,449 | 4,399 | 968 | 22,816 | |
| Disposals | (2,500) | (2,500) | |||
| Transfers torelated charity | (191,465) | (1,883,243) | (179,160) | (43,776) | (2,295,144) |
| At 31 March 2022 | |||||
| Depreciation | |||||
| At 1 April 2021 | 5,972 | 1,670,713 | 160,681 | 37,686 | 1,875,052 |
| Charge for the period | 2,802 | 14,411 | 1,540 | 341 | 19,094 |
| Eliminated on disposals |
(2,232) | (2,232) | |||
| Transfers to related charity | (8,874) | (1,685,124) | (162,221) | (43,776) | (1,891,914) |
| At 31 March 2022 | |||||
| Net book value | |||||
| At 31 March 2021 | 168,044 | 208,131 | 18,479 | 5,122 | 399,776 |
| At 31 March 2022 |
| stments | —unlisted | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| f. | ||||
| es in Brain in Hand | 5,000 | |||
| stments | in subsidiaries | |||
| 2022f | 2021 | |||
| to Hannah's (1988)Limited |
5,000 | |||
| ofshares | in Hannah's | (1988)Limited | 2 | |
| ofshares | in Hannahs | Limited | 2 | |
| 5,004 |
| itock | |||
|---|---|---|---|
| 2022 | 2021 | ||
| d and other stock | 20,676 | ||
| iebtore | |||
| 2022 | 2021 | ||
| F | |||
| le debtors | 358,354 | ||
| )ayments | and accrued income | 73,042 | |
| ~r debtors | |||
| 431,395 |
| 2022 | 2021 | ||
|---|---|---|---|
| loans —(note 20) | 30,000 | ||
| .r loans —unsecured | (note 20) | 50,000 | |
| e creditors | 152,321 | ||
| unts owed to group undertakings | 37,548 | ||
| sais and deferred income |
451,232 | ||
| rtaxation and social | security | 761,146 | |
| lations under finance | lease (note 21) | 7,931 | |
| r creditors | 38,248 | ||
| 1,528,427 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | F | ||
| Netincomel(expenditure) forthe year |
57,881 | 371,376 | |
| Adjustments for: |
|||
| Depreciation charges |
19,094 | 60,691 | |
| Interest from investments | (1) | (4) | |
| Loss/(Profit) on disposal oftangible assets |
268 | 5,739 | |
| Donation to Dame Hannah Rogers Trust 2019 |
(876,894) | ||
| Decrease / (increase) in stocks |
20,676 | (14,489) | |
| Decrease / (increase) in debtors |
431,395 | 462,931 | |
| (Decrease)/increase in creditors |
(1,567,652) | 482,883 | |
| Net cash received from l(usedin) operating | activities | (1,915,233) | 1,369,127 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Cashin | hand | 2,150,735 | ||
| Overdraft | facility repayable | on demand | ||
| Total cash and cash equivalents | 2,150,735 |