OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trastees 2 to 8
Report ofthe Independent
Auditors		 9 to 12
Statement ofFinancial Activities 13
Balance Sheet 14 to 15
Cash Flow Statement 16
Notes to the Cash Flow Statement 17
Notes to the Financial Statements 18 to 36
Detailed Statement ofFinancial Activities 37 to 38

I I I I
I ~ ~ I I
I I I t I
I I
i
I I

FOR THE YEAR E DED 31 MARCH 2022
31.3.22 31.3.21
Unresudcted Restricted Endowment Total Total
funds funds funds funds funds
Notes f f.
INCOME AND
ENDOWMENTS FROM
Contract income 2 92,145 797,013 889,158 754,096
Fundraising
activities
Investment
income
Other income		 3
4
5		 1,452
6,887
~90 102		 4479
1,693
~3000)		 2,010 5,831
10,590
~87 102		 19,083
8,979
47,652
Total ~190586 ~800 OS5 ~2010 ~9926S1 829,810
EXPENDITURE ON
Raising funds 6 1,736 427 507 29670 2,987
Charitable
activities
Voluntary
services		 7 ~94 1S4 ~751702 ~4462 ~850 348 770,077
Total ~95 920 ~752 129 ~4969 ~853 018 773,064
Net gains/blesses)
investments		 on ~13422) ~3304) ~323) ~20649) 58,157
NET
INCOME/(EXPENDITURE) 44,652 (6,882) 119,014 114,903
Transfers
between		 funds 19 ~66 662 ~64 548) ~114)
Net movement
in		 funds 147806 (19,896) (SJ96) 119,014 114,903
RECONCILIATION OF
FUNDS
Total funds brought forward 2949178 538,573 265/15 1,098,266 983,363
TOTAL FUNDS CARRIED
FORWARD ~442 084 ~518 677 ~256 19 ~1217
0		 1,098,266

BALANCE SHEET
31MARCH 2022
31.322 31.3.21
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
Notes f f 5 f
I&'IXEDASSETS
Tangible assets
Investments		 14
15		 24,193
~623 608		 ~153504 ~182286 24,193
~959398		 636,326
342,872
647,801 153,504 182,286 983&591 979,198
CURRENT ASSETS
Debtors 16 140,103 140&103 140,914
Cash at bank and in hand ~136863) ~365167 74 33 ~302537 156,913
3440 365&167 74,233 442,640 297,827
CREDITORS
Amounts
falling due within one
year 17 (200,648) (200,648) (135,259)
NET CURRENT ASSETS ~197408) ~365167 ~74 33 ~241 92 162,568
TOTAL ASSETSLESS
CURRENT LIABILITIES 450&393 518&671 256,519 1,225,583 1,141,766
PENSION LIABILITY 20 (8,303) (8&303) (43,500)
NET ASSETS ~442 090 ~518 671 ~256519 ~1217
0		 1,098,266
FUNDS 19
Unrestricted
funds		 442,090 294,178
Restricted funds 518,671 538,573
Endowment
funds		 ~256 519 265,515
TOTAL FUNDS ~1217280 1,098,266

TELFORD AND V/REKIN COUNCI
SERVICE		 L FOR VOLUNTARY
CASH FL
TATEMENT
FOR THE YEAR ENDED 31MARCH 2022
31.322 31.3.21
Notes f
Cash flows from operating
activities
Cash generated
from operations		 I ~90 148 ~29,666)
Net cash provided
by/(used
in) operating		 activities ~90 148 ~29,666)
Cash flows from investing
activities
Pmchase of tangible fixed assets (8,668)
Purchase offixed asset investments (706493) (31,085)
Sale oftangible fixed assets 689~5
Sale offixed asset investments 69,119 38,640
Interest received ~10 590 8,979
Net cash provided
by investing
activities		 ~53
3		 16,534
Cash flows from financing
activities
Income attributable
to endowment
Expenditure
attributable
to endowment		 2,010
~507)		 4,890
~1,609)
Net cash provided
by financing
activities		 ~1503 3,281
Change in cash and cash equivalents in
the reporting
period		 145,624 (9,851)
Cash and cash equivalents
at the
beginning
of the reporting
period		 ~156 13 166,764
Cash snd cash equivalents
at the end		 of
the reporting
period		 ~302 37 156,913

HE YEAR ENDED 3 HE YEAR ENDED 3 HE YEAR ENDED 3 1MARCH 2022 1MARCH 2022 1MARCH 2022
RECONCILIATION OF NET INCOME TONET CASH FLOW FROM OPERATING
ACTIVITIES
31.322 31.3.21
Net income for the reporting period (as per the Statement ofFinancial
Activities) 119&014 114,903
Adjustments for:
Depreciation charges 13/36 16,919
Losses/(gain) on investments 20,649 (58,157)
(Profit)/loss on disposal offixed assets (81,760) 754
Interest received (10/90) (8,979)
Income attributable to endowment (2,010) (4,890)
Expenditure attributable to eadowment 507 1,609
Movement
in pension		 liability (35)197) (8,042)
Decrease/(increase) in debtors 811 (104,488)
Increase in creditors ~65 88 20,705
Net cash provided by/(used in) operations ~90 148 (29,666)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21 Cash flow At 31.3.22
f g
Net cash
Cash at bank and in hand 156913 ~145624 ~302537
~156913 ~145624 302037
Total ~156 913 ~145 624 ~302 537

T
FOR		 ESTOTHE FINANCIAL STATEMENTS - continued
THE YEARE
ED31MARCH 2022
2. CONTRACT INCOME 31.3,22 31.3.21
Contracts 709,405 691,107
Donations 61,209
Services
Grants		 15,177
~103367		 2,128
60,861
~889 158 754,096
3. FUNDRAISING ACTIVITIES 31.3.22 31.3,21
Fundraising
events		 ~5831 19,083
INVES~ INCOME 31.322 31.3,21
f
Deposit account interest
Investment
income		 10
~10580		 135
8,844
10,590 8,979
5. OTHER INCOME 31022 31.3.21
Gain on sale oftangible fixed assets
Service charges received
Other incoming resources		 81,760
4,542
800		 47,252
400
87,102 47,652
6. RAISING FUNDS
Other trading
activities		 31.322 31.3.21
f
Bad debts 77

FOR THE YEAR E DED 31MARCH 2022 E DED 31MARCH 2022
6. RAISING FUNDS - continued
Investment management costs
31.3.22 31.3.21
f. f
Portfolio management ~2670 2,910
Aggregate amounts ~2670 2,987
7. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (see note costs (see
Costs 8)f note 9)
f.		 Totals
Voluntary services ~675 944 ~4462 ~169 942 ~850 348
8. GRANTS PAYABLE
31.3.22 31.3.21
Voluntary services ~4462
9. SUPPORT COSTS
Governance
Management
f		 Finance costs
f.		 Totals
Voluntary services ~162 463 132 ~7347 ~169 2
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.322 31.3.21
f
Auditors'
remuneration		 7,347 6,636
Depreciation
- owned assets		 13/36 16,919
Hire ofplant and machinery 10679 2,984
Other operating
leases		 2482 166
(Surplus)/deficit
on disposal offixed assets		 ~81 760) 754

STAFF COSTS
31.3.22 31.3.21
f
Wages and salaries
Social security costs
Other pension costs		 532,005
23478
~9138		 535,985
23,477
10,900
564 21 570,362
The average monthly number ofemployees during the year was as follows:
31.3.22 31.3.21
Administrative 5 5
Service delivery 23 24
29

COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACITVITIES
Unrestricted Restricted Endowment Total
funds
f		 funds funds fundsf
INCOME ANDENDOWS FROM
Contract income 36,073 718,023 754,096
Fundraising
activities
Investmentincome		 1,796
135		 17,287
3,954		 4,890 19,083
8,979
Other income 47,652 47,652
Total 85,656 ~739 264 4,890 829,810
EXPENDITURE ON
Raising funds 77 1,301 1,609 2,987
Charitable
activities
Voluntary
services		 69,879 700,198 770,077
Total 69,956 701,499 1,609 773,064

13. COMPARATIVES F OR THK STATEMENT OFFINANCIA L ACTIVITIE S - continued
Unrestricted Restricted Endowment Total
funds funds
f.		 funds
f		 fundsf
Net gains on investments ~26 002 32,155 58,157
NET INCOME 15,700 63,767 35,436 114,903
Transfers
between funds		 59,566 252 ~59,818)
Net movement
in funds		 75,266 64,019 (24,382) 114,903
RECONCILIATION OFFUNDS
Total funds brought forward 218,914 474,552 289,897 983,363
TOTAL FUNDS CARRIED FORWARD 294,180 538,571 265,515 1,098,266
14. TANGIBLE FIXEDASSETS
Freehold Computer
property equipment Totals
f
COST
At 1 April 2021 694~9 50~9 745&538
Additions 8&668 8&668
Disposals (6694 89) ~4737) ~699 26)
At 31March 2022 ~54 880 ~54 880
DEPRECIATION
At 1 April 2021
Charge for year
Eliminated
on disposal		 81,627
8,497
~90124)		 27,585
4,839
~1737)		 109&212
13,336
~91861)
At 31March 2022 ~30 687 ~30 687
NET BOOK VALUE
At 31March 2022 ~24 193 ~24 193
At 31March 2021 612,962 23,364 636,326

STO THE FINANCIAL STATEMENTS - continued
HE YEARE
ED31MARCH 2022
FIXEDASSETINVES~
Listed
investments
f,
MARKET VALUE
At I April 202l
Additions		 342,872
706493
Disposals
Revaluations		 (65457)
~24410)
At 31March 2022 ~959398
NET BOOK VALUE
At 31March 2022 ~959 398
At 31March 2021 342,872
The split ofinvestment
assets between UK and non-UK is as follows;
2022 2021
5 f.
UK investment
assets		 411,626 149,034
Non-UK investment
assets		 ~547772 193,838
~959 398 342,872
The charity had the following
material
investments:
2022 2021
JPMORGAN FUNDS LTD US EQUITY INC KGBPNET INC 20,766 13,177
BNY MELLON GLBFDS US EQUITY INCOME EGBPDIS 27,673 22,875
VANGUARD
FUNDS PLC S&P500UCITS ETF USD DIS		 21/34 9,685
SCHRODER UNIT TSTASIAN INCOME LINC 24,621 16,652
NINETY ONE FDMGRS DIVERSIFIED INCOME J2GBP 50/79 13,186
VANGUARD
INV UK LT US EQTY IDXINSTL PLS INC		 25,858 15424
ISHARES IIPLC USD TIPS UCITSEIFGBPDIS 25,916 5,869
JUPITER UT MNGRS JAPAN INCOME Z GBPDIS 24,117
BAILLIE GIFFORD AMERICAN Wl DIS 50&890
FIDELITYUCITS ICA US QUAL INC UCITS ETFGBPI 20,673
LINK FUND SOLLTD TROJAN XINC 29&721
MAITLAND INSTL SVCMI SELECT MNGRS BOND INSTL 20,097
SCHRODER UNIT TSTGBLCITIESREAL ESTLDIS 23,663
ROBECO CAP GTH FDS ROBECOSAM GBLSDG CREDS IH 33944

31.322 31.3.21
g
Trade debtors 105,137 120,322
Other debtors 11,196
Prepayments and accrued income ~23 770 20,592
~140 103 140,914
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31222
f		 31.3,21
Trade creditors 7,617 21,271
Social security
VAT		 and other taxes 9,435
14/00		 8,997
15,469
Other creditors 1,240 6,369
Accruals and deferred income ~168 56 83,153
~200 648 135,259

Minimum
lease payments
under non-cancellable
operatin		 g
leases fall due as follows:
31.322 31.3.21
g
Within one year
Between one and five years		 35&907
98/68		 39,583
107,614
In more than five years 5,843
~134 75 153,040

MOVEMENT IN FUN DS
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
f
Unrestricted
funds
General Fund
Employment
Reserve		 199,220
~94 958		 81,250 68,620
~1958)		 349,090
~93 000
294,178 81/50 66,662 442,090
Restricted funds
Glebe Refurbisbment 72&470 (6&791) (65,679)
All Age Carers Service
IASS Telford		 239,589
22 773		 4&746
(9,174)		 19,605
9g99		 263,940
23/98
Young Carers 59,732 39&807 (24&439) 75,100
Grassroots
Endowment		 Income 31&605 (2,038) 29&567
Adult Carers Reserve 57,084 34 57,118
Better Care Fund (4,111) 4,111
Building Better Opportunities (1&131) 1&131
Telford Autism Hub 17,704 8&515 26&219
Wellbeing
Hubs Network		 493 493
IASP 29,438 9999 (9,999) 29,438
Community
Cafe
Independent
Living Centre		 7,6SS 5,513
~723)		 13,198
53S,573 44,646 (64,548) 518&671
Endowment
funds
TDC Endowment
Fund
Grassroots
Endowment		 Fund 132,170
~133345		 (2&420)
~4462)		 (2&114) 127,636
~128 883
~265515 ~(6 &II2 ~214& 256 19
TOTAL FUNDS ~1098 66 ~119014 ~117 SO

Net movement
in funds,		 included
in the above		 are as follows:
Incamiug Resources Gains and Movement
resources expended
f		 losses
f		 in funds
f.
Unrestricted
funds
General Fund 190,586 (95&t14) (13,422) 81,250
Restricted funds
Glebe Refurbishment (3,000) (3,791) (6,791)
All Age Carers Service
IASSTelford		 271458
74,600		 (266/12)
(83&774)		 4&746
(9,174)
Young Carers
Grassroots Endowment
Adult Carers Reserve		 Income 127,445
1,693
7,525		 (87,638)
(427)
(7,491)		 (3,304) 39,807
(2,038)
34
Better Care Fund 30,000 (34&111) (4&111)
Building Better Opportunities
Telford Autism Hub		 29&042
98&688		 (30,173)
(90,173)		 (1&131)
8,515
IASP
Community
Cafe		 10,000
26,685		 (I)
(21,172)		 9,999
5,513
Youth Endowment
Fund		 15/25 (15,225)
Independent
Living Centre		 45,834 (46&557) (723)
Charities Together 26&488 (26&488)
Children
and Young People Autism Hub		 ~38 602 ~38602)
800,085 (752,135) (3,304) 44,646
Endowment
funds
TDC Endowment
Fund
Grassroots
Endowment		 Fund 2,010 (507)
~4462)		 (3,923) (2,420)
~4462)
~2010 4969 ~33 ~6882)
TOTALFUNDS ~992 681 ~853018) ~20 649) ~119014

Comparatives
for mov		 ement
in funds
Net Transfers
movement between At
At 1.4.20 in funds fundsf 31.3.21
Unrestricted
funds
General Fund 108,732 15,698 74,790 1.99,220
Employment
Reserve		 110,182 ~15,224) ~94 958
218,914 15,698 59,566 294,178
Restricted funds
Glebe Refurbishment 78,157 (5,687) 72,470
All Age Carers Service
IASS Telford		 219,456
22,502		 (2,620)
271		 22,753 239,589
22,773
Young Carers
Grassmots
Endowment		 Income 52,492
2,950		 30,897
28,655		 (23,657) 59,732
31,605
Adult Carers Reserve 55,455 1,629 57,084
Better Care Fund 340 (340)
Building Better Opportunities
Telford Autism Hub		 11,920 (252)
5,784		 252 17,704
Wellbeing
Hubs Network
IASP		 493
28,953		 485 493
29,438
Community
Cafe
Independent
Living Centre		 2,174 5,511
~1,244)		 1,244 7,685
474,552 63,769 252 538,573
Endowment
funds
TDC Endowment
Fund		 156,552 35,436 (59,818) 132,170
Grassroots
Endowment		 Fund 133,345 133,345
289,897 ~35 436 ~59,818) 265,515
TOTAL FUNDS 983,363 114,903 1,098,266

Comparative
net mo		 vem ent
in funds, inclu		 ded
in the above are a		 s follows:
Incoming Resources Gains and Movement
resources expended
f		 losses in funds
f.
Unrestricted
funds
General Fund 85,656 (69,958) 15,698
Restricted funds
Glebe Refurbislunent (5,687) (5,687)
All Age Carers Service
IASS Telford		 291,838
73,998		 (294,458)
(73,727)		 (2,620)
271
Young Carers
Grassroots
Endowment		 Income 106,765
3,954		 (75,868)
(1,301)		 26,002 30,897
28,655
Adult Carers Reserve 7,374 (5,745) 1,629
Better Care Fund 30,000 (29,660) 340
Building Better Opportunities
Telford Autism Hub		 28,298
100,343		 (28,550)
(94,559)		 (252)
5,784
IASP 27,882 (27,397) 485
Community
Cafe		 23,799 (18,288) 5,511
Youth Endowment Fund 11,680 (1 1.,680)
Independent
Living		 Centre ~34,577) (1,244)
739,264 (701,497) 26,002 63,769
Endowment
funds
TDC Endowment
Fund		 4,890 (1,609) 32,155 35,436
TOTAL FUNDS 829,810 ~773,064) 58,157 114,903

A cunent year 12 month s
and prior year		 12months
combined
p		 osition is as follo ws:
Net Transfers
movement between At
At 1.4.20
f.		 in funds funds 31,3.22
f
Unrestricted
funds
General Fund
Employment
Reserve		 108,732
~110182		 96,948 143,410
~17 182)		 349,090
93,000
218,914 96,948 126,228 442,090
Restricted funds
Glebe Refurbishment 78,157 (12,478) (65,679)
All Age Carers Service
IASS Telford		 219,456
22,502		 2,126
(8,903)		 42,358
9,999		 263,940
23,598
Young Carers
Grassroots
Endowment		 Income 52,492
2,950		 70,704
26,617		 (48,096) 75,100
29,567
Adult Carers Reserve 55,455 1,663 57,118
Better Care Fund (3,771) 3,771
Building Better Opportunities
Telford Autism Hub		 11,920 (1,383)
14,299		 1,383 26,219
Wellbeing
Hubs Network
IASP		 493
28,953		 10,484 (9,999) 493
29,438
Community
Cafe
Independent
Living Centre		 2,174 11,024
~1,967)		 1,967 13,198
474,552 108,415 (64,296) 518,671
Endowment
funds
TDC Endowment
Fund
Grassroots
Endowment		 Fund 156,552
133,345		 33,016
~4,462)		 (61,932) 127,636
128,883
289,897 28,554 ~61,932) 256,51.9
TOTALFUNDS 983,363 233,917 1217280

PRESENT VALUES OF PROVISION PRESENT VALUES OF PROVISION 31.3.22 31.3.21 31.3.20
(fs) (fs) (fs)
Present value ofprovision 8,303 43,500 51,542
RECONCILIATION
OF OPENING AND CLOSING PROVISIONS		 31.322 31.3.21
(gs) (I)
Provision
at start ofperiod
Unwinding
ofthe discount factor (interest expense)
Deficit contribution
paid
Remeasurements
-impact ofany change in assumptions
Remeasurements
- amendments
to contribution
schedule		 43)500
251
(11,008)
(191)
(24~9)		 51,542
1,157
(10,687)
1,488
Provision at end ofperiod 8,303 43,500
INCOME AND EXPENDITURE IMPACT
31.3.22 31.3.21
(gs) (fs)
Interest expense
Remeasurements
-impact ofany change in assumptions
Remeasurements
- amendments
to the contribution
schedule		 251
(191)
(24~9)		 1,157
1,488
ASSUMPTIONS 31.3.22 31.3.21 31.3.20
%per annum 9a per annum 9o per annum
Rate ofdiscount 2.35 0.66 2.53

DEFICITCONTRIBUTIONS SCHEDULE
31.3.22 31.3.21 31.3.20
Year ending (f ) (f ) (f )
Year 1 3,025 11,008 10,687
Year 2
Year 3
Year 4
Year 5		 3,025
2,521		 11,338
11,679
10,024		 11,008
11,338
11,679
10,024

31.3.22 31.3.21
f
INCOME AND ENDOWMENTS
Contract income
Contracts 709,405 691,107
Donations 61,209
Services 15,177 2,128
Grants ~103 67 60,861
889,158 754,096
Fundraistng
activities
Fundraising
events		 5,831 19,083
Investment
income
Deposit account interest 10 135
Investment
income		 10580 8,844
10,590 8,979
Other income
Gain on sale of tangible fixed assets 81,760
Service charges received 4,542 47,252
Other incoming resources 800 400
~87 102 47,652
Total incoming resources 992,681 829,810
Other trading activities
Bad debts 77
Investment
maaagement
Portfolio management		 costs 2,670 2,910
Charitable
activities
Wages 429&887 450,929
Social security 17,901 20,173
Pensions 5&689 6,291
Hire ofplant and machinery
Insurance,
rent, rates and power		 1,679
109,711		 2,984
56,287
Telephone
Printing,
postage k stationery
Advertising		 3„&131
5489
321		 6,906
1,795
610
Sundries 8&045 1,003
Professional
fees		 20,670 21,188
Carried forward 603,423 568,166