Charity registration number 1132403
Company registration number 06927124 (England and Wales)
THE MUDLARKS COMMUNITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
THE MUDLARKS COMMUNITY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
David Bullen
Alison Voyle
Stuart Ross
Stephen Wilson
Secretary
David Bullen
Managing Director
Victoria Hobson
Charity number
1132403
Company number
06927124
Registered office
40 Wellington Street
Hertford
Hertfordshire
SG14 3AW
Independent examiner
Gary Howard FCA
Howard Wilson Chartered Accountants
36 Crown Rise
Watford
Hertfordshire
WD25 0NE
THE MUDLARKS COMMUNITY
CONTENTS
Page
Trustees' report
1 - 7
Independent examiner's report
8
Statement of financial activities
9 - 10
Balance sheet
11
Statement of cash flows
12
Notes to the accounts
13 - 24
THE MUDLARKS COMMUNITY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
- 1 -
The Trustees present their annual report and financial statements for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Objectives and activities
The charitable company's objects are to relieve the needs of adults with learning difficulties and mental health concerns in the Hertfordshire area. The objects are delivered through the provision of a community garden facility providing education, training, therapy and social development; 2 community gardening teams; a café in the heart of the town providing training and employment for adults with learning disabilities; a woodland centre at Panshanger.
Aims of the charity
The aims of Mudlarks are:
1
To promote health and wellbeing through offering social and therapeutic horticulture, training and work opportunities to young people and adults with learning disabilities and mental health concerns, enabling people of all abilities to learn and work together.
2
To provide facilities in Hertfordshire including, but not limited to, horticultural sites and a working café for the use by vulnerable young people and adults who have need of such facilities with the object of building confidence and increasing self-worth, reducing isolation and loneliness.
3
To develop the social and work related skills of people with learning disabilities and mental health concerns through the provision of therapy, training, meaningful work experience and employment opportunities to help integrate people into their community.
4
To provide opportunities for volunteers and those seeking work experience at, but not limited to, a café and a horticultural environment.
5
To raise awareness of learning disabilities and mental health concerns, and help integrate people with learning disabilities into their community through our community-based projects, as well as providing opportunities for local organisations, schools and colleges to access and utilise our facilities.
6
To raise the awareness of the need to protect and conserve our environment.
Objectives for the year
To continue our horticulture provision at 5 days a week, and fill all vacancies in order to be able to provide places for more learning disabled gardeners.
To increase training spaces and customer base at our new cafe in Hertford.
To increase cafe trading in order to fund further learning disabled staff training places and mentor support.
To raise sufficient funds to remain sustainable after the Covid-19 pandemic.
To increase the woodland centre provision.
To provide facilities and support for extremely vulnerable people during and after the pandemic.
To continue to plant and maintain the public gardens in Hertford, through our Larking About team's work, for the pleasure and benefit of the whole community.
To support the elderly in our community through the work of the Special Branch team of gardeners.
THE MUDLARKS COMMUNITY
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
Strategies for achieving objectives
The charity addresses its aims by:
-
Being aware of the needs of our community and responding directly to these needs.
-
Providing training and horticultural therapy in a community allotment for adults with learning disabilities or mental health concerns.
-
Providing training and employment in the café.
-
Involving volunteers on and off site.
-
Offering work experience to students and volunteers through our gardening service and café.
-
Involving local organisations in projects.
-
Providing opportunities for schools and colleges to access our provision.
Public benefit statement
The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have regard to the Charity Commission's general guidance on public benefit. Mudlarks is a thriving community allotment and café, based on principles of equal opportunities and environmental awareness. We are open to people of all abilities, encourage the participation of volunteers, and provide opportunities for a marginalised group of people with learning disabilities, mental health issues, and physical disabilities.
Introduction to activities
Our horticultural activities have continued to develop and the café is delivering training and work experience to an increasing number of people.
Our target for the year was to benefit a larger group of people in our community. We have achieved this through:
-
filling all our allotment site vacancies with learning disabled people;
-
involving our gardening teams in public open spaces though our Larking About work;
-
providing a service for the elderly who can no longer manage and maintain their own gardens through our Special Branch team;
-
increasing the café income, thus providing more training places for new learning disabled staff.
Significant activities
As a result of careful planning and staff management, both the allotment site and the café remained open throughout the year, providing much needed care and support for extremely vulnerable people.
The café adapted their menus in order to provide take aways to customers, which enabled our learning disabled staff to continue working and having meaningful day activities.
We kept our gazebos at the allotments site to create safe working areas with small teams working together.
Respite for families was provided through the allotment site remaining open.
The Rumble Awards was held online for many of the café staff and gardeners, celebrating their achievements at this time.
We continued to provide an activity centre for 1 school at our woodland centre in Panshanger Park.
Ongoing Lloyds funding for the café mentor supported the café participants both on site and remotely when necessary during Covid-19.
We created social groups who met for walks and trips to the allotments.
Our community art gallery moved into the café window while there was no seating for customers inside.
The allotment gardeners created a wonderful fairy garden at the castle for the public to enjoy as they walked in the grounds.
The Hodddeson Round Table raised money for us while breaking the Guiness World Record for riding a pedalo along the length of the Thames.
THE MUDLARKS COMMUNITY
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
Significant activities (continued)
We organised Hertford in Bloom for the Hertford community, and the judging was carried out by one of our gardeners.
We ran the summer scheme for local school and college students over their long summer holiday.
Our gardeners helped to plant up a covid memorial garden at Hertfordshire County Council.
The café won the best community group in the online Love Hertford Awards for our work in supporting everyone throughout the pandemic.
We created a dye garden at the allotments with the aim of growing dye plants which can be used by our gardeners to dye fabrics.
We were the charity for the Standon Calling festival which was back for the first time since the Covid pandemic.
We bought electric lawn mowers and strimmers for the allotment gardening teams. These are lighter to lift into the vehicles, and by charging the batteries with our solar panels, are much more environmentally friendly than the petrol mowers.
We took a coach of gardeners and volunteers to the London Harvest Show at Lambourne End. This was a fabulous event, and our gardeners won several prizes and took part in a range of activities from caving to rock climbing and the tug of war. Our prizes included best vegetable sculpture, best miniature flower arrangement, and best display of seasonal produce.
The Larking About team's castle grounds planting and maintenance continued so that people out on their daily walk could enjoy the gardens.
Special Branch adapted and continued working with the elderly in the community, accessing gardens through side gates and providing company for isolated elderly people.
We held a rounders match at Hartham between the café and allotment teams, followed by a BBQ for everyone involved.
We created a new courtyard garden for a school in Welwyn, and a pond for Morgans school in Hertford.
We made a lovely open cooking area at the allotment site to cook up some of our harvest.
All of our gardeners had the opportunity to go to the forest school for a day, sawing logs and cooking over the fire.
We won a Highly Commended Award from Greater Anglia for our planters at Hertford East station.
Our open allotment was in September just for our gardeners and their families. It was a huge success and very well attended by everyone.
We started a theatre group with Herts Inclusive Theatre, meeting at the Sele Farm Community Centre each Wednesday evening.
The allotment teams made a range of crafts for sale at Christmas time, including clay gnomes and candle holders, along with our usual fabulous reindeer.
We had a stall at the Hertford Castle Christmas market to sell our crafts.
We created and sold over 50 Christmas wreath boxes to the community, using foraged pine cones, teasels and other natural products. We had a very short wreath workshop outdoors at the allotments for people who wanted instructions and made 3 videos for people to watch.
The gardening teams delivered Christmas trees over a 2 week period into the community, and we sold trees and crafts at the Simon Balle school frost fair.
In February 2022 we held our first music night in the café, our first in person fundraising event since Christmas 2019.
Our café staff took part in the filming of a promotional video for Hertfordshire to encourage customers back into local shops and restaurants after the Covid pandemic.
THE MUDLARKS COMMUNITY
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
- 4 -
Use of volunteers
Volunteers have assisted in the allotments, café, woodland centre and as trustees. Local tradesmen, Rotary Club, Scouts, photographers all assisted in fundraising, supporting the café and allotments.
Achievements and performance
Charitable achievements
The number of gardeners continues to increase with increased site staffing. We are now fully open on site 5 days per week.
Many elderly people and housing associations have been helped through Special Branch, providing comfort and company during and following the pandemic.
Larking About continues to provide work experience at the Town Council gardens, creating beautiful outdoor spaces for the community to enjoy.
Due to increased cafe sales and the Lloyds mentor role, we have been able to increase the places in the café and have now employ more people with learning disabilities.
We have provided volunteer placements in both the cafe and the allotments for unfunded adults with mental health concerns.
The Rumble Awards were received online by café staff and gardeners.
We received numerous Awards from the Federation of City Farms and Community Gardens for our community garden displays.
We also received Awards from Love Hertford for our community and volunteer work throughout the pandemic.
Fundraising achievements
We received a substantial number of grants, particularly Covid grants, details of which can be found further in this document.
We adapted the events where possible, holding a virtual London marathon, wreath boxes with a video tutorial, and deliveries of Christmas trees.
Investment performance
The Trustees have placed some reserve funds into an interest bearing account at the Triodos bank.
Financial review
During the year the charitable company's income increased from £760,669 in 2021 to £770,648 in 2022, an increase of £9,979. Expenditure increased from £645,272 in 2021 to £680,418 in 2022, an increase of £35,146. Overall Mudlarks recorded a surplus of £90,230 which included a surplus on unrestricted funds of £75,082 and on restricted funds of £15,148.
At the year-end Mudlarks had unrestricted funds to carry forward of £444,087 (2021: £369,005) and restricted funds of £78,366 (2021: £63,218).
We have diversified our charitable incomes with a third coming through the café, a third from local government and the rest from events, donations and fundraising.
THE MUDLARKS COMMUNITY
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
- 5 -
Reserves policy
The Trustees have agreed a policy whereby funds not committed or invested in tangible fixed assets held by the company should be maintained at a level sufficient to pay rent and staff costs for 6 months. This policy allows for a reduction of income or lack of fundraising success during any particular year whilst allowing the charity to continue its activities at the current level for some months.
As at the year end the target level of reserves were calculated to be £260,000. The actual reserves are in line with this amount. The excess will be used as working capital and contingency funds in the event of needing to replace equipment.
Principal sources of income and how expenditure meets objects
Our principal sources of income are from grants and contracts with Hertfordshire County Council, direct funding, schools, café sales, fundraising, contracts and donations.
Investment policy
All monies are reinvested into the charity.
Risk Review
The Trustees have considered the risks to which the charity is exposed and have established systems for mitigating those risks.
The external risk is funding. The charity's reserves policy has been developed to address any sudden withdrawal of funding and there is a policy to secure funds from a wide range of sources.
Internal risks are minimised by implementing procedures for authorisation for all transactions and projects to ensure continued quality of service for all operational aspects of the charity.
COVID-19
The Trustees considered the impact this had on the affairs of the charitable company, revising operational and financial plans for the year ahead.
The charity will provide continued support to its beneficiaries during and beyond the pandemic. The trustees agreed a sensible spending plan for the year, alongside an updated income strategy which was be monitored regularly, with the flexibility necessary to manage the charity through this period. The trustees remain confident that the charity will be able to deliver significantly against our aims and objects within the resources that will be available.
Plans for future periods
To create new locations in order to help with the waiting list of gardener places.
Widen the Special Branch client base.
Establish the new, larger café in Hertford.
Utilise the cafe for evenings and weekend events.
Increasing the number of café assistants and build links with local businesses.
Open the Woodland Centre 5 days a week to all people, as well as the schools, providing a facility for young adults with more challenging behaviour.
Find land for 2 large polytunnels in order to be able to create placements for more able autistic gardeners, grow vegetables for the cafe throughout the year and thus reduce café food costs.
THE MUDLARKS COMMUNITY
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
- 6 -
Structure, governance and management
The Mudlarks Community is a company limited by guarantee and a registered charity governed by its memorandum and articles of association.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
David Bullen
Alison Voyle
Stuart Ross
Stephen Wilson
(Appointed 26 July 2021)
Recruitment and appointment of Trustees
Individuals who have either volunteered or shown commitment to Mudlarks over many years are invited to join the Board of Trustees to meet a required skill set on the Board.
The Trustees of the charity live or work in the local area. They are selected due to the skills and level of expertise they can bring to the organisation to help improve its efficiency and effectiveness and are all volunteers.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Induction and training of trustees
New trustees attend a Trustee Roles and Responsibilities course run by the CVS.
Administrator supplies literature to guide Trustees.
Attending training courses with other staff and volunteers including basic first aid, manual handling, Makaton, autism awareness.Trustees use the same e learning platform as staff to complete appropriate modules such as equal oppor-tunity and diversity training and Safeguarding adults from abuse.
Organisational structure
Mudlarks has a clearly defined structure allowing users and the local community to participate through the Board of Trustees. This governing body has responsibility for policy and overall management.
The day-to-day running, fundraising and development of the organisation are the responsibilities of the Mudlarks CEO.
Relationship with wider network
We are members of the Social Farms and Gardens network, Thrive, and Herts Social Therapeutic Horticulture Group.
We have a close relationship with the Adult Health and Social Care team in East Herts, the 0-25 SEND team, and all the local schools and colleges.
Relationship with related parties
Mudlarks managing staff attend annual reviews, and day care co-ordination meetings. The CEO gives regular talks to local groups e.g. WI, Rotary Clubs etc.
THE MUDLARKS COMMUNITY
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
- 7 -
Statement of trustees' responsibilities
The trustees, who are also the directors of The Mudlarks Community for the purpose 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 which 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 year.
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 estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that 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.
The trustees' report was approved by the Board of Trustees.
Stuart Ross
Trustee
Dated: 6 September 2022
THE MUDLARKS COMMUNITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MUDLARKS COMMUNITY
- 8 -
I report on the financial statements of the charitable company for the year ended 31 March 2022, which are set out on pages 9 to 24.
Respective responsibilities of trustees and examiner
The charitable company’s trustees, who are also the directors of The Mudlarks Community for the purposes of company law, are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination being a qualified member of The Institute of Chartered Accountants in England and Wales.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
(i)
examine the financial statements under section 145 of the 2011 Act;
(ii)
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
(iii)
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(a)
which gives me reasonable cause to believe that in any material respect the requirements:
(i)
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
(ii)
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS102);
have not been met or
(b)
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Gary Howard FCA
Chartered Accountant
Howard Wilson Chartered Accountants
36 Crown Rise
Watford
Hertfordshire
WD25 0NE
Dated: 9 September 2022
THE MUDLARKS COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
- 9 -
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2022
2022
2022
2021
Notes
£
£
£
£
Income from:
Donations and legacies
3
140,615
-
140,615
232,005
Supporting adults with learning disabilities and mental health issues
4
558,564
69,290
627,854
527,611
Other fundraising activities
5
2,064
-
2,064
887
Investments
6
115
-
115
166
Total income
701,358
69,290
770,648
760,669
Expenditure on:
Raising funds
7
4,954
-
4,954
6,482
Supporting adults with learning disabilities and mental health issues
8
616,923
58,541
675,464
638,790
Total expenditure
621,877
58,541
680,418
645,272
Net incoming resources before transfers
79,481
10,749
90,230
115,397
Gross transfers between funds
(4,399)
4,399
-
-
Net income for the year/
Net movement in funds
75,082
15,148
90,230
115,397
Fund balances at 1 April 2021
369,005
63,218
432,223
316,826
Fund balances at 31 March 2022
444,087
78,366
522,453
432,223
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE MUDLARKS COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
- 10 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2021
2021
2021
Notes
£
£
£
Income from:
Donations and legacies
3
232,005
-
232,005
Supporting adults with learning disabilities and mental health issues
4
444,976
82,635
527,611
Other fundraising activities
5
887
-
887
Investments
6
166
-
166
Total income
678,034
82,635
760,669
Expenditure on:
Raising funds
7
6,482
-
6,482
Supporting adults with learning disabilities and mental health issues
8
561,981
76,809
638,790
Total expenditure
568,463
76,809
645,272
Net incoming resources before transfers
109,571
5,826
115,397
Gross transfers between funds
(11,594)
11,594
-
Net income for the year/
Net movement in funds
97,977
17,420
115,397
Fund balances at 1 April 2020
271,028
45,798
316,826
Fund balances at 31 March 2021
369,005
63,218
432,223
THE MUDLARKS COMMUNITY
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 11 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
11
4,646
11,044
Current assets
Debtors
12
41,124
34,007
Cash at bank and in hand
488,850
398,792
529,974
432,799
Creditors: amounts falling due within one year
13
(12,167)
(11,620)
Net current assets
517,807
421,179
Total assets less current liabilities
522,453
432,223
Income funds
Restricted funds
15
78,366
63,218
Unrestricted funds
444,087
369,005
522,453
432,223
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022.
The directors 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 6 September 2022
David Bullen
Stuart Ross
Trustee
Trustee
Company Registration No. 06927124
THE MUDLARKS COMMUNITY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
- 12 -
2022
2021
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
18
89,943
107,991
Investing activities
Purchase of tangible fixed assets
-
(13,942)
Interest received
115
166
Net cash generated from/(used in) investing activities
115
(13,776)
Net cash used in financing activities
-
-
Net increase in cash and cash equivalents
90,058
94,215
Cash and cash equivalents at beginning of year
398,792
304,577
Cash and cash equivalents at end of year
488,850
398,792
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 13 -
1
Accounting policies
Charity information
The Mudlarks Community is a private company limited by guarantee incorporated in England and Wales. The registered office is 40 Wellington Street, Hertford, Hertfordshire, SG14 3AW.
1.1
Accounting convention
The financial statements have been prepared in accordance with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4
Income
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5
Expenditure
Liabilities and related expenditure are recognised when an obligation exists at the Balance Sheet date as a result of a past event, it is more likely than not that a transfer of economic benefits exists and the amount of the obligation can be measured or estimated reliably.
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 14 -
1.6
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
over three years
Computers
over three years
Motor vehicles
over three years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7
Impairment of fixed assets
At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9
Financial instruments
The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 15 -
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.
1.10
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Critical accounting estimates and judgements
In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 16 -
3
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
Donations and gifts
56,432
64,819
Grants receivable for core activities
84,183
167,186
140,615
232,005
Grants receivable for core activities
Hertfordshire County Council - Covid Infection Control Grant
9,515
9,570
East Herts Council - Covid Grants
33,500
40,357
Lloyds Bank Foundation for England & Wales
33,334
33,333
Hertfordshire Community Foundation
5,000
30,000
Coronavirus Job Retention Scheme Grant
1,325
44,345
Other
1,509
9,581
84,183
167,186
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 17 -
4
Supporting adults with learning disabilities and mental health issues
2022
2021
£
£
Commissioned services and schools income
292,147
279,801
Income from services undertaken by beneficiaries
266,417
163,875
Grants for charitable activities
69,290
82,635
-
1,300
627,854
527,611
Analysis by fund
Unrestricted funds
558,564
444,976
Restricted funds
69,290
82,635
627,854
527,611
For the year ended 31 March 2021
Unrestricted funds
444,976
Restricted funds
82,635
527,611
Grants for charitable activities
Barbara Ward Childrens Foundation
-
10,000
National Lottery Community Fund
-
33,946
Clothworkers Federation
-
16,200
Graham Rowlandson Foundation
-
20,489
Childwick Trust
15,000
-
The Daniell Trust
4,000
-
Oliver Ford Foundation
10,000
-
The Pixel Fund
10,290
-
Simon Gibson Charitable Trust
5,000
-
Hertfordshire Community Foundation
25,000
-
Other
-
2,000
69,290
82,635
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 18 -
5
Other fundraising activities
Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
Fundraising events
2,064
887
6
Investments
Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
Interest receivable
115
166
7
Raising funds
Unrestricted
Total
funds
2022
2021
£
£
Fundraising and publicity
Staging fundraising events
2,904
4,856
Marketing
2,050
1,626
Fundraising and publicity
4,954
6,482
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 19 -
8
Supporting adults with learning disabilities and mental health issues
2022
2021
£
£
Staff costs
446,812
386,368
Depreciation
6,397
6,884
3,725
2,264
169,759
136,489
11,041
12,262
5,453
3,611
Repairs and maintenance costs
6,242
71,282
7,357
5,403
4,476
3,183
10,959
8,284
Legal and professional costs
1,563
1,060
Bank charges and other finance costs
-
100
Governance costs
1,680
1,600
675,464
638,790
Governance costs include fees to the Independent Examiners for examination services of £1,680 (2021: £1,600). In addition, fees of £570 (2021: £570) for accounting and payroll services were paid to the Independent Examiners.
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 20 -
10
Employees
Number of employees
The average monthly number of employees during the year was:
2022
2021
Number
Number
Charitable activities
41
38
Administration
1
1
42
39
Employment costs
2022
2021
£
£
Wages and salaries
420,836
366,114
Social security costs
19,675
14,886
Other pension costs
6,301
5,368
446,812
386,368
There were no employees whose annual remuneration was £60,000 or more.
11
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2021
21,107
10,418
23,075
54,600
At 31 March 2022
21,107
10,418
23,075
54,600
Depreciation and impairment
At 1 April 2021
13,412
8,819
21,325
43,556
Depreciation charged in the year
3,848
800
1,750
6,398
At 31 March 2022
17,260
9,619
23,075
49,954
Carrying amount
At 31 March 2022
3,847
799
-
4,646
At 31 March 2021
7,695
1,599
1,750
11,044
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 21 -
12
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
14,612
14,103
Other debtors
13,375
17,144
Prepayments and accrued income
13,137
2,760
41,124
34,007
13
Creditors: amounts falling due within one year
2022
2021
£
£
Other taxation and social security
6,213
4,789
Other creditors
233
1,598
Accruals and deferred income
5,721
5,233
12,167
11,620
14
Retirement benefit schemes
Defined contribution schemes
The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £5,368 (2021: £5,400).
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 22 -
15
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Movement in funds
Balance at
1 April 2020
Incoming resources
Resources expended
Transfers
Balance at
1 April 2021
Incoming resources
Resources expended
Transfers
Balance at
31 March 2022
£
£
£
£
£
£
£
£
£
Big Lottery Fund/Awards for All
2,000
-
(2,000)
-
-
-
-
-
-
Childwick Trust
-
-
-
-
-
15,000
(2,872)
-
12,128
Oliver Ford Foundation
-
-
-
-
-
10,000
(7,614)
-
2,386
The Daniell Trust
-
-
-
-
-
4,000
(7,077)
3,077
-
The Pixel Fund
-
-
-
-
-
10,290
-
-
10,290
Hertfordshire Community Foundation (GCE)
-
-
-
-
-
5,000
(80)
-
4,920
Hertfordshire Community Foundation (CODA)
-
-
-
-
-
20,000
-
-
20,000
Graham Rowlandson Foundation
9,002
20,489
(11,846)
-
17,645
-
(14,003)
-
3,642
Baily Thomas
14,796
-
(21,015)
6,219
-
-
-
-
-
ICAP
20,000
-
-
-
20,000
-
-
-
20,000
Simon Gibson Charitable Trust
-
-
-
-
-
5,000
-
-
5,000
Clothworkers Federation
-
16,200
(16,200)
-
-
-
-
-
-
Awards for All, National Lottery Community Fund
-
10,000
(1,302)
-
8,698
-
(8,698)
-
-
National Lottery Community Fund
-
23,946
(21,357)
4,286
6,875
-
(8,197)
1,322
-
Barbara Ward Children's Foundation
-
10,000
-
-
10,000
-
(10,000)
-
-
Brickenden Grange Golf Club
-
2,000
(3,089)
1,089
-
-
-
-
-
45,798
82,635
(76,809)
11,594
63,218
69,290
(58,541)
4,399
78,366
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
15
Restricted funds
(Continued)
- 23 -
Big Lottery Fund/Awards for All was a grant for allotment site equipment.
Childwick Trust is funding towards the salary of a Café assistant manager.
Oliver Ford Foundation is funding for the Special Branch project manager's salary.
The Daniell Trust is funding towards salary costs of the Larking About project.
The PIxel Fund is funding for the Forest School Yurt Project.
Hertfordshire Community Foundation (GCE): Grow Cook Eat Grant funds growing food at the allotments for the café.
Hertfordshire Community Foundation (CODA): Community Opportunities & Day Activities Grant is towards the salary of the Café Mentor.
Graham Rowlandson Foundation is funding towards the Special Branch salaries.
Baily Thomas was funding for salary costs.
ICAP is funding for the polytunnel project.
Simon Gibson Charitable Trust is funding for the vegetable box scheme.
Clothworkers Federation was a grant towards the kitchen equipment in the new café.
Awards for All, National Lottery Community Fund was a grant for the salary of one of the allotment site support workers.
National Lottery Community Fund was a relief grant towards the running costs of the café while closed during Covid-19.
Barbara Ward Children's Foundation was a grant towards the salary of the Forest School leader and replacement of the compost toilet.
Brickenden Grange Golf Club was funding towards the purchase of gazebos.
THE MUDLARKS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 24 -
16
Analysis of net assets between funds
Total
Total
2022
2022
2022
2021
2021
2021
£
£
£
£
£
£
Fund balances at 31 March 2022 are represented by:
Tangible assets
4,646
-
4,646
11,044
-
11,044
Current assets/(liabilities)
429,441
88,366
517,807
357,961
63,218
421,179
434,087
88,366
522,453
369,005
63,218
432,223
17
Operating lease commitments
At the reporting end date the charitable company had outstanding total commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
2022
2021
£
£
Within one year
27,500
38,500
Between two and five years
55,000
82,500
82,500
121,000
The operating leases represent leases for the café and office premises to third parties.
18
Cash generated from operations
2022
2021
£
£
Surplus for the year
90,230
115,397
Adjustments for:
Investment income recognised in statement of financial activities
(115)
(166)
Depreciation and impairment of tangible fixed assets
6,398
6,883
Movements in working capital:
(Increase) in debtors
(7,117)
(13,202)
Increase/(decrease) in creditors
547
(923)
Cash generated from operations
89,943
107,989
19
Analysis of changes in net funds
The charitable company had no debt during the year.
2022-03-312021-04-01falseCCH SoftwareiXBRL Review & Tag 2021.3069271242021-04-012022-03-3106927124bus:CompanySecretary12021-04-012022-03-3106927124bus:Director32021-04-012022-03-3106927124bus:Director42021-04-012022-03-3106927124bus:Director52021-04-012022-03-31069271242022-03-31069271242021-03-31069271242020-04-012021-03-3106927124bus:FRS1022021-04-012022-03-3106927124bus:IndependentExaminationCharity2021-04-012022-03-3106927124bus:FullAccounts2021-04-012022-03-31xbrli:purexbrli:sharesiso4217:GBP