2023-01-31-accounts - The Azure Charitable Foundation

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				Page
Reference and administrative details				1
Trustees' report				2-17
Trustees' responsibilities statement				18
Independent auditor's report to the members		ofAzure Charitable	Enterprises	19-22
Consolidated statement offinancial	activities			23
Consolidated balance sheet				24
Charity balance sheet				25
Consolidated statement ofcash flows				26
Notes to the financial statements				27-46

Trustees			G P Bernard,	G P Bernard,	Chair
			GW Robson,		Treasurer		&Vice Chairman
			RJAdams
			SJ Hallowell		(resigned		24 May 2023)
			I Hindle
			A E Kilburn	(resigned		1	May 2022)
			JWake
			J Moiser
			JA Robinson
			A Charlton	(appointed		24 November 2022)
Company	registered
number			01666027
Charity registered
number			513149
Registered		office	McCallum	House
			Kielder Avenue
			Cramlington
			Northumberland
			NE23 SJT
Company	secretary		C Riley
Chief executive officer			PJWilson
Independent		auditor	UNW LLP
			Citygate
			StJames'	Boulevard
			Newcastle	upon Tyne
			NE1 4JE
Bankers			Lloyds Bank pic
			Newcastle	upon Tyne
			NE1 6AG
Solicitors			Muckle LLP
			32 Gallowgate
			Newcastle	upon Tyne
			NE14BF

2016/17
2017/13
2013/19
2019/20
2020/21	23
2021/22	33
2022/23
2023/24	Pending"

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
		Note		6	6	F
Income from:
Donations and legacies		4	8,277	3,600	11,877	6,491
Charitable activities		5	4,979,943		4,979,943	4,553,951
Other trading activities		6	3,887,712		3,887,712	4,207,443
Other income						105
Total income			8,875,932	3,600	8,879,532	8,767,990
Expenditure on:
Raising funds		7	3,414,311		3,414,311	3,422,717
Charitable activities		8	5,066,006	3,600	5,069,606	4,609,200
Total expenditure			8,480,317	3,600	8,483,917	8,031,917
Net movement in funds			395,615		395,615	736,073
Reconciliation offunds:
Total funds brought	forward		4,021,435		4,021,435	3,285,362
Net movement in funds			395,615		395,615	736,073
Total funds carried forward		19	4,417,050		4,417,050	4,021,435

				2023		2022
		Note
Fixed assets
Tangible assets		13		2,977,607		3,030,280
				2,977,607		3,030,280
Current assets
Stocks		15	494,783		495,207
Debtors		16	702400		575,285
Cash at bank and in hand			993,024		1,077,274
			2,190,207		2,147,766
Creditors: amounts	falling due within one
year		17	(750,764)		(1,091,564)
Net current assets				1,439,443		1,056,202
Total assets less current liabilities				4,417,050		4,086,482
Creditors: amounts	falling due after more
than one year		18				(65,047)
Total net assets				4,417,050		4,021,435
Charity funds
Restricted funds		19
Unrestricted funds		19		4,417,050		4,021,435
Total funds				4,417,050		4,021,435

					2023		2022
			Note		5		5
Fixed assets
Tangible assets			13		2,202,125		2,200,570
Investments			14		2		2
					2,202,127		2,200,572
Current assets
Debtors			16	1,002,604		473,874
Cash at bank and	in hand			395,018		111,438
				1,397,620		585,312
Creditors: amounts	falling	due within one
year			17	(814,807)		(657,270)
Net current assets/(liabilities)					582,813		(71,958)
Total assets less	current	liabilities			2,784,940		2,126,614
Creditors: amounts	falling	due after more
than one year			18				(65,047)
Total net assets					2,784,940		2,063,567
Charity funds
Restricted funds			19
Unrestricted funds			19		2,784,940		2,063,567
Total funds					2,784,940		2,063,567

				2023	2022
			Note		6
Cash flows from operating	activities
Net cash used in operating	activities		21	97,473	640,718
Cash flows from investing	activities
Proceeds from the sale oftangible fixed assets					105
Purchase oftangible fixed assets				(94,471)	(34,045)
Net cash used in investing	activities			(94,471)	(33,940)
Cash flows from financing	activities
Repayments of borrowing				(86,729)	(122,371)
Repayments offinance leases				(523)	(9,240)
Net cash used in financing	activities			(87,252)	(131,611)
Change in cash and cash	equivalents in	the year		(84,250)	475,167
Cash and cash equivalents	at the beginning	ofthe year		1,077,274	602,107
Cash and cash equivalents	at the end of	the year	22	993,024	1,077,274
The notes on pages 27to 46 form part ofthese financial statements

Freehold property		- 50years straight-line	or over the lease term
Short-term leasehold	property	-40years straight-line	or over the lease term
Plant and equipment		- 5-10years straight-line
Motor vehicles		-4 years straight-line
Office equipment		- 3years straight-line

Unrestricted	Restricted	Total
funds	funds	funds
2023	2023	2023
E		E
8,277	3,600	11,877

Unrestricted	Restricted	Total
funds	funds	funds
2022	2022	2022
E	E	E
4,241	2,250	6,491

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
			E	E
Provision	ofclient	services	4,979,943	4,979,943	4,553,951

			Unrestricted	Total	Total
			funda	funds	funds
			2023	2023	2022
Subsidiary	trading	income	3,452,786	3,452,786	3,840,611
Nursery income			28,083	28,083	26,190
Landscapes	income		405,869	405,869	337,305
Feed in tariff income			974	974	1,337
			3,887,712	3,887,712	4,207,443

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		6	6
Cost ofgoods sold		1,853,088	1,853,088	2,056,754
Rent and rates		4,048	4,048	6,099
Advertising		34,393	34,393	39,797
Heat, light and water		87,417	87,417	84,114
Insurances		51,194	51,194	40,709
Training		3,894	3,894	2,634
Other		416,638	416,638	174,366
Governance	costs			11,538
Support costs				147,944
Wages and	salaries	853,765	853,765	780,713
Depreciation		109,874	109,874	78,049
		3,414,311	3,414,311	3,422,717

Analysis	ofexpenditure	ofexpenditure	on charitable
Summary	by fund type		(continued)
				Unrestricted	Restricted	Total
				funds	funds	funds
				2022	2022	2022
				6	6	6
Provision	ofcharitable	activities		4,606,950	2,250	4,609,200

				Support	Total
			Direct costs	costs	funds
			2023	2023	2023
			6	6	6
Provision	ofcharitable	activities	4,324,314	745,292	6,069,606
			Activities
			undertaken	Support	Total
			directly	costs	funds
			2022	2022	2022
			6		6
Provision	ofcharitable	activities	3,945,235	663,965	4,609,200

			2023	2022
			5	6
Employment	costs		484,145	433,882
Depreciation	costs		26,456	44,447
Interest			2,538	2,398
Power			27,125	18,205
Insurances			2,136	(2,044)
Other			69,350	59,184
Legal and other professional		costs	67,947	59,850
Governance	costs		65,595	48,033
			745,292	663,965

				2023 E	2022f
Fees payable to the charity's	auditor	for the audit ofthe charity's	annual
accounts				18,500	17,500
Fees payable to the charity's	auditor	in respect of:
Other services				1,500	1,400

Staffcosts
						Group	Group	Charity	Charity
						2023f	2022	2023	2022 F
Wages and	salaries					4,482,858	4,023,012	3,856,641	3,584,993
Social security costs						373,245	305,764	336,070	278,754
Contribution		to defined	contribution		pension
schemes						221,563	251,072	192,315	229,811
						5,057,666	4,579,848	4,385,026	4,093,558
The average		number	of	persons employed		by the charity during	the year was as follows:
								Group	Group
								2023	2022
								No.	No.
Garden Centre								36	37
Supported	Living							75	89
Landscapes								14	13
Support Services								57	58
Employment		Services						5	4
Education								9	8
Administration								13	14
Azure Business Centres				Limited				2	2
								211	225

Group	Group
2023	2022
No.	No.

	Freehold	Plant and	Motor	Office
	property	machinery	vehicles	equipment	Total
	E		E.		E
Cost
At 1 February 2022	5,085,151	606,494	37,770	735,205	6,464,620
Additions	2,556	32,035	20,998	38,882	94,471
At 31 January 2023	5,087,707	638,529	58,768	774,087	6,559,091
Depreciation
At 1 February 2022	2,199,580	470,206	37,770	726,784	3,434,340
Charge for the year	100,583	34,557	3,062	8,942	147,144
At 31 January 2023	2,300,163	504,763	40,832	735,726	3,581/84
Net book value
At 31 January 2023	2,787,544	133,766	17,936	38,361	2,977,607
At 31 January 2022	2,885,571	136,288		8,421	3,030,280

	Freehold	Plant and	Motor	Office
	propertyf	machinery F	vehicles	equipment	Total
Cost
At 1 February 2022	3,628,783	310,285	37,770	355,818	4,332,656
Additions	2,556	25,739	20,998	38,882	88,175
At 31 January 2023	3,631,339	338,024	58,768	394,700	4,420,831
Depreciation
At 1 February 2022	1,435,550	311,370	37,770	347,396	2,132,086
Charge for the year	68,844	5,772	3,062	8,942	86,620
At 31 January 2023	1,504,394	317,142	40,832	356,338	2,218,706
Net book value
At 31 January 2023	2,126,945	18,882	17,936	38,362	2,202,125
At 31 January 2022	2,193,233	(1,085)		8,422	2,200,570

	Investments
	In
	subsidiary
	companies
Company	5
Cost
At 1 February 2022
At 31 January 2023
Net book value
At 31 January 2023
At 31 January 2022

Names		Company	Country of	Class of	Holding
		number	incorporation	shares
Azure	Garden Centre Limited	02746143	England	Ordinary	1ppo/o
Azure	Business Centres Limited	04542254	England	Ordinary	1QQ/0


Names		Income	Expenditure	Profit/(Loss)
		6	6	for the year
				6
Azure	Garden Centre Limited	3,327,911	2,915,934	411,977
Azure	Business Centres Limited	186,970	149,550	37,420

Stocks
						Group	Group
						2023	2022
						E
Finished	goods	and	goods	for	resale	494,783	495,207

		Group	Group	Charity	Charity
		2023	2022	2023	2022
		E	E		E
Trade debtors		249,520	380,965	215,041	300,901
Amounts owed by group undertakings				348,592
Other debtors		418	10,059	418	9,654
Prepayments	and accrued income	452,462	184,261	437,553	163,319
		702,400	575,285	1,002,604	473,874

			Group	Group	Charity	Charity
			2023	2022	2023	2022
			E		E
Bank loans (note 16)			65,047	86,729	65,047	66,729
Trade creditors			248,028	342,577	181,242	67,646
Amounts owed	to group undertakings				318,036	69,479
Other taxation	and social security		277,019	263,132	140,722	139,638
Obligations under finance lease and hire
purchase contracts				523		523
Other creditors			10,922	25,141	80	12,206
Accruals and deferred		income	149,748	373,462	109,680	260,549
			750,764	1,091,564	814,807	657,270

		Group	Group	Charity	Charity
		2023	2022	2023	2022
		E		E	E
Bank	loans		65,047		65,047

		Group	Group	Charity	Charity
		2023	2022	2023	2022
		r.	E		E
Deferred	income at 1 February 2022	92,404	104,518	92,404	104,518
Resources deferred during the year			92,404		92,404
Amounts	released from previous periods	(92,404)	(104,518)	(92,404)	(104,518)
Deferred	income at 31January 2023		92,404		92,404

Statement	of	funds
Statement	of	funds - current year
			Balance at 1			Balance at
			February			31January
			2022	Income	Expenditure	2023
			5	6	5
Unrestricted		funds
Generalfunds			4,021,435	8,875,932	(8,480,317)	4,417,050
Restricted	funds
Residents	activities for Keels Drive			3,600	(3,600)
Total offunds			4,021,435	8,879,532	(8,483,917)	4,417,050
Statement	of	funds - prior year
			Balance at			Balance at
			1 February			31 January
			2021	Income	Expenditure	2022
			5		F	5
Unrestricted		funds
Generalfunds			3,265,363	8,765,739	(6,029,667)	4,021,435
Restricted	funds
Residents	activities for Keels Drive			2,250	(2,250)
Total offunds			3,285,363	8,767,969	(8,031,917)	4,021,435

			Unrestricted	Total
			funds	funds
			2023	2023
				5
Tangible	fixed	assets	2,977,607	2,977,607
Current	assets		2,190,207	2,190,207
Creditors	due	within one year	(750,764)	(750,764)
Total			4,417,050	4,417,050

Analysis ofn	et assets between funds - prior year
		Unrestdicted	Total
		funds	funds
		2022	2022
			6
Tangible fixed	assets	3,030,280	3,030,280
Current assets		2,147,766	2,147,766
Creditors due within one year		(1,091,564)	(1,091,564)
Creditors due	in more than one year	(65,047)	(65,047)
Total		4,021,435	4,021,435

						Group	Group
						2023	2022
						6	F
	Net income for the year (as per statement			offinancial activities)		395,615	736,073
	Adjustments for:
	Depreciation charges					147,144	130,596
	Profit on the sale offixed assets						(105)
	Decrease/(increase)	in stocks				424	(184,946)
	Increase in debtors					(127,115)	(128,781)
	(Decrease)/increase	in creditors				(318,595)	87,883
	Net cash provided by operating		activities			97,473	640,720
22.	Analysis ofcash and cash equivalents
						Group	Group
						2023 f	2022
	Cash in hand					883,024	1,077,274
	Total cash and cash equivalents					993,024	1,077,274
23.	Analysis ofchanges	in net debt
					At 1		At 31
					February		January
					2022	Cash flows	2023
						5
	Cash at bank and in hand				1,077,274	(84,250)	883,024
	Debt due within 1 year				(86,729)	21,682	(65,047)
	Debt due aRer 1 year				(65,047)	65,047
	Finance leases				(523)	523
					924,975	3,002	927,977

				Group	Group	Charity	Charity
				2023r	2022	2023r	2022 5
Contracted	for but not provided		in these
financial	statements
Acquisition	oftangible	fixed assets		205,700		205,700

		Group	Group	Charity	Charity
		2023	2022	2023	2022
				6	6
Not later than 1 year		12,910	26,413	12,910	21,556
Later than	1 year and not later than 5years	17,488	30,425	17,488	30,425
		30,398	56,838	30,398	51,981