|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)||
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|||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|
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||||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|