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REGISTERED COMPANY NUMBER: 03709442 (England and Wales)
REGISTERED CHARITY NUMBER: 1083642














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

VISION 21 (GLOUCESTERSHIRE) LTD

VISION 21 (GLOUCESTERSHIRE) LTD






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 7

Independent Examiner's Report 8

Statement of Financial Activities 9

Statement of Financial Position 10 to 11

Notes to the Financial Statements 12 to 19

VISION 21 (GLOUCESTERSHIRE) LTD

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2023



TRUSTEES Martin Roy Hewett
Gideon Capie
Rodney Smith
Peter Brian Clegg
Brian Sloan
Rowena Louise Kay


COMPANY SECRETARY Martin Hewett


REGISTERED OFFICE Grove Street Community Centre
Grove Street
Cheltenham
Gloucestershire
GL50 3LZ


REGISTERED COMPANY
NUMBER
03709442 (England and Wales)


REGISTERED CHARITY
NUMBER
1083642


INDEPENDENT EXAMINER Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

VISION 21 (GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 03709442)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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
Objectives and aims
Vision 21 Gloucestershire is a small, highly active charity with a will to make Gloucestershire more sustainable by communicating, co-operating and collaborating with any licit organisation, group or individual willing to help us meet that desire.

We were established in 1994 as a direct result of the 1992 Rio Earth Summit under the auspices of Agenda 21. Our work comprises a mixture of strategic and grass root level actions to draw communities together, making them more resilient and better able to cope in the result of a crisis.

We act in an ethical, equitable and honest manner. Since our inception, our publications, programmes, projects and events have supplied community buoyancy by improving connectivity, networking, neighbourliness, integration and civic pride. We have been successful in raising public awareness of global warming, improving people's life chances, general health levels and the environment.

In order to maximise our impact, our projects are restricted to the Gloucestershire county boundary and we concentrate our energies and efforts on achieving the UN Sustainable Development Goals, in particular:

-SDG3 Good Health and Wellbeing
-SDG11 Sustainable Cities and Communities
- SDG12 Responsible Consumption
-SDG13 Climate Action

The Charity's objects are:

-to provide local, voluntary opportunities for people to engage in community based environmental activities;
-to educate and encourage the public, businesses and Local Authorities to become more sustainable.

Our Mission is to make Gloucestershire's communities more sustainable and more robust to the effects of Climate Change.

Public benefit
In planning the charity's activities for the year, the Trustees kept in mind the Charity Commission's guidance on public benefit. The focus of the charity's activities during the year explains the delivery by the charity of public benefits and is set out under "Objectives and Activities" above and "Achievements and Performance" below.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Vision 21 Gloucestershire delivers community based environmental projects and activities that help make Gloucestershire's communities more sustainable. As such, Vision 21 is as much a social organisation as it is an environmental one and our inclusive approach ensures people on low incomes and BAME are not forgotten.

We "Think Globally but Act Locally" and we aim to give everyone a greater understanding of sustainability issues to help change attitudes and behaviour regarding the environment and how we live.

Our projects and activities are set out below under the relevant SDG.

VISION 21 (GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 03709442)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE
Charitable Activities

Sustainable Development Goal 3

1) Unstoppable
When funding allows, we deliver short sets of programmes aimed at improving people's mental and wellbeing. Sadly, Covid recovery period has prevented the recovery and delivery of such services.

2) Annecy Gardens
Vision 21 continues to be the lead agent in this anti-period poverty project and Reclaim acts as the central storage depot for several types of menstrual products that are given free of charge to women and girls who are unable to afford them.

3) Priors Park Edible Garden and Community Allotments
Created from a piece of wasteland in an area of high density social housing, our garden engenders community spirit. It comprises a small community garden and 24 vegetable plots. A committee of residents manages the site on the behalf of Vision 21.

Sustainable Cities SDG 11

1) Lansdown Community Composting
This is a membership scheme site. Local residents can bring their garden waste for processing and have access to free compost when available.

2) Carbon management


-
We have small investments in community co-operative wind and solar farms. Not only do these
investments provide a return on our money, the profits generated are used by the co-operatives to
improve the life chances and well-being of residents in the vicinity of the establishments.
-We use energy efficient lighting system in our furniture warehouse
-We purchase gas and electricity from 100% "Green" suppliers.
-Our pension scheme invests in environmental funds.

3) Community Energy Advice and Thermal Imaging
We continued to offer free energy advice and a domestic thermal imaging service. The cameras were used several times, particularly by Charlton Kings Parish Council.

Sustainable Development Goal 12

1) Reclaim Furniture Re-use Scheme
Reclaim furniture reuse scheme collects good quality used furniture and then sells it to people on low incomes. It offers vocational training to volunteers and in particular, it reserves a number of placements for "hard to place" volunteers who often have issues concerning mental illness and/or drug and/or alcohol abuse and some are ex-offenders.

Volunteers work in our warehouse, workshop or as van crew, depending upon their skills and abilities. In return, we offer them basic vocational training and a safe place in which they can improve their interpersonal skills and build self-esteem. We provide a reference and give encouragement for them to move on to more formalised training and/or paid employment.

2) Community Re-Paint
Reclaim is the Cheltenham agent for this national scheme. We offer unwanted and surplus paint to community groups, people on benefits and low income families. We collected end of line and other surplus paint to make available to community groups, community centres and people on low incomes for a nominal charge of £2.00 per litre. Last year we re-issued around 2,000 litres of paint, the same amount as the previous year.

VISION 21 (GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 03709442)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE
Charitable activities

3) Regeneration and Repair Cafés
We have expanded our network from 4 to 9 Repair Cafés. Each meets once per month and they are located in Cheltenham, Cirencester, Lydney, Long Levens, Brockworth, Churchdown, Tetbury, Chipping Campden and Newent. Members of the public are invited to bring items in need of repair to watch and learn from our volunteer repairers.

4) Cando
We recycle small amounts of metal chiefly aluminium, copper and steel, all of which are 100% recyclable and have to be dug out of the ground and smelted at great expense in terms of energy use and of damage to the environment via pollution, quarrying and transportation.

Sustainable Development Goal 13

1) Climate Advocacy Work
CheltenhamZero
CheltenhamZero is open to any business or community group located or doing business within the town boundary that pledges to try and reduce their carbon emissions. We now have 100 members.

We have assisted Cheltenham Borough Council distribute £50,000 worth of sustainability grant funding to community groups and we organised several talks and presentations on installing PV panels, heat pumps and electric vehicles.

Planet Cheltenham
Planet Cheltenham is aimed at families and individuals. Its aim is to encourage, enable and empower people to live more sustainable lives.
Project work includes establishment of a Youth Climate Group and exploratory work on the introduction of a community fridge network, a "Library of Things" and more opportunities to work with young people.

Planning permission has been obtained for the conversion of the workshop into a 2 storey Climate Centre and fundraising has begun.

CK Futures
We have worked closely with Charlton Kings Parish Council and have helped them establish and run CK Futures, which promotes sustainability to the people living within the parish boundary, as well as helping to protect its environment.

FINANCIAL REVIEW
Financial performance
The charity made a deficit of £8,211 (2022 surplus: £34,094) on its ordinary activities, which the trustees consider to be an acceptable performance. However, during the year and since the year-end, the trustees have been in negotiations with the landlord regarding the costs of occupying our premises since our formal rental agreement expired in 2019. The trustees think it is highly probable that an additional rent charge will need to be paid, which they estimate at £70,000. A provision for these costs has been included as expenditure of the year, increasing the reported deficit to £78,211.

Reserves policy
The Trustees continue to closely review the level of funding required by the Charity and to take the action appropriate to generate this funding. The Trustees consider the present level of funding to be sufficient to both to support the Charity's principal activities over the coming year and to survive a catastrophic event, e.g. loss of the principal income stream for up to a period one financial year from the date of approval of these financial statements.

The trading conditions for Reclaim are expected to be tougher than ever, with other charities still active with similar projects in our area and all seeking grants from similar funders. However, Reclaim continues to be an anchor point and it retains an excellent reputation and links with the local agencies and community groups that support people in need.


VISION 21 (GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 03709442)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023


FINANCIAL REVIEW
Investment policy
The organisation is non-profit making and any surplus income is either re-invested within the organisation to enhance its activities and support its projects or invested in green infrastructure projects that will yield a financial income to further support our activities, e.g. co-operative windfarm and a solar panel farm. We have £15,416 in the Egni Co-op solar farm, and of £4,608 in the Gower Regeneration wind farm.

FUTURE PLANS
Work will continue on raising funds to renovate our building and to support a Planet Cheltenham project officer. We will also try to expand our expand network of Repair cafés within the county.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document and legal status
Vision 21 (Gloucestershire) Ltd is a registered charity and company limited by guarantee, as defined by the Companies Act 2006 and therefore has no share capital. In the event of the company being wound up and liabilities and winding up expenses being in excess of assets the liability of each member is limited to £1. Its charitable status is based on the objects above.

The charity is governed by Memorandum and Articles, adopted in February 1999, updated by resolution at an Extraordinary General Meeting in October 2000 and by resolution at a Board Meeting in January 2009. Further amendments to the constitution, such as a funding lock, were introduced to enable Vision 21 Gloucestershire to become a registered Environmental Body with Entrust and these amendments were adopted at the 2016 AGM.

Trustees in 2022-23
Trustees are elected by the members at the Annual General Meeting or can be co-opted by the Board of Management during the year. They form the Board of Management and meet at least 6 times per year.

Organisational structure
Martin Hewett (Secretary and Chair)
Martin is a Chartered Structural engineer who is co-director of an engineering consultancy working on a wide variety of buildings including the design of a number of low-energy building projects. One of his company's aims is to influence fellow professionals and clients towards more sustainable construction practices and to minimise the use of new material.

Brian Sloan (Treasurer)
Brian is an accountant with extensive experience of working at director level in industry. He currently runs his own accountancy practice in Cheltenham.

Gideon Capie
Gideon is currently manager of the European Funding Office at the University of Gloucestershire, with experience of European funding, project management (Prince 2 qualified) and financial management, and also freelance web design consultant.

Rod Smith
Rod is a retired architect, having been a director of a local practice for many years. He has a keen interest in sustainable construction and has been involved in the design of low energy buildings. Within Vision 21 Rod has taken on the responsibilities for our Health and Safety matters.

Peter Clegg
Peter has spent most of his working life in the Computer-Aided Electronic Design industry and Computer-Aided Electronic Manufacturing industry. He has specialist experience of European training & technical support management of high value time-to-market critical applications. He moved into European sales & marketing management and for short periods lived and worked in Munich, Paris, Brussels and Moscow with extensive business travel in the USA and Europe.

Rowena Kay
Rowena is a HR solicitor with Harrison Clark Rickerbys.

VISION 21 (GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 03709442)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
ACHIEVEMENT AND PERFORMANCE
Staff in 2022-2023

Dave Entwistle - Chief Executive Officer (FT)
Dave has an MBA, comes from a background of managing organisations with environmental and conservation aims and is well versed in running community and volunteer groups.

Dave Twyning - Reclaim Manager
Dave joined the project as a volunteer and became a full time driver in October 2006. Dave has now taken on the role of Reclaim Manager.

Nilesh Patel and Dave Cooper - Reclaim Drivers
Nilesh and Dave were both volunteers at Reclaim and have now been taken on as full time drivers.

Tim Whitaker - Shop Supervisor
Tim had been a long term volunteer at Reclaim and his experience of the project has earned him a place on the Reclaim management team as part time Shop Supervisor.

Rebecca Sillence
Rebecca has worked with a wide range of people and organisations in Cheltenham and has 16 years experience in the community engagement, events, heritage, project coordination, communications and flood resilience sectors. She is also a published author, care home signer, gigong instructor and trained music technician.

Volunteers
As an organisation we are grateful for their efforts.

Related parties
The company has no subsidiary undertakings or direct relationships with other organisations. As part of a Green Investment Strategy, we have a £15,416 investment in the Egni Co-op for the installation of solar panels on community housing and buildings, and a £4,608 investment in the Gower Regeneration wind farm.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of Vision 21 (Gloucestershire) Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees 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 period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

VISION 21 (GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 03709442)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 23 November 2023 and signed on its behalf by:





Martin Roy Hewett - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
VISION 21 (GLOUCESTERSHIRE) LTD

Independent examiner's report to the trustees of Vision 21 (Gloucestershire) Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Roger Downes, FCA

Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

24 November 2023

VISION 21 (GLOUCESTERSHIRE) LTD

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 17,782 19,795 37,577 49,569

Other trading activities 3 156,104 25,422 181,526 188,000
Investment income 4 913 - 913 907
Total 174,799 45,217 220,016 238,476

EXPENDITURE ON
Raising funds 5 9,080 - 9,080 80

Charitable activities 6
Charitable
268,533 20,614 289,147 204,302
Total 277,613 20,614 298,227 204,382

NET INCOME/(EXPENDITURE) (102,814 ) 24,603 (78,211 ) 34,094


RECONCILIATION OF FUNDS
Total funds brought forward 190,966 100,814 291,780 257,686

TOTAL FUNDS CARRIED FORWARD 88,152 125,417 213,569 291,780

VISION 21 (GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 03709442)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 13 129,527 - 129,527 115,382
Investments 14 19,564 - 19,564 20,024
149,091 - 149,091 135,406

CURRENT ASSETS
Stocks 15 5,000 - 5,000 5,000
Debtors 16 26,552 - 26,552 31,667
Cash at bank and in hand 26,258 125,417 151,675 132,679
57,810 125,417 183,227 169,346

CREDITORS
Amounts falling due within one year 17 (118,749 ) - (118,749 ) (12,972 )

NET CURRENT ASSETS (60,939 ) 125,417 64,478 156,374

TOTAL ASSETS LESS CURRENT
LIABILITIES

88,152

125,417

213,569

291,780

NET ASSETS 88,152 125,417 213,569 291,780
FUNDS 18
Unrestricted funds 88,152 190,966
Restricted funds 125,417 100,814
TOTAL FUNDS 213,569 291,780

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


VISION 21 (GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 03709442)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 23 November 2023 and were signed on its behalf by:





Brian Sloan - Trustee

VISION 21 (GLOUCESTERSHIRE) LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The Trustees continue to closely review the level of funding required by the Charity, particularly in the light of Covid-19 and other global economic factors and their implications on the finances of the charity. As such, they are prepared to take action appropriate to the generation of funding or lack of and the security of the charity. The Trustees consider the present level of funding to be sufficient to both to support the Charity's principal activities over the coming year and to survive a catastrophic event, i.e. there are enough free reserves to survive the loss of the principal income stream (Reclaim) for up to a period one financial year from the date of approval of these financial statements.

Furniture donations are strong, but operating conditions are expected to be as tough as ever, with other charities still active with similar projects in our area and, they are also seeking grants from similar funders. However, Reclaim continues to be an anchor point and it retains an excellent reputation and links with the local agencies and community groups that support people in need.

As a result of these considerations, the Trustees consider the charity to be a going concern and have prepared these financial statements on this basis.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Voluntary income, including grants and donations, are recognised on receipt. Trading income is recognised at the point of sale.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Assets likely to increase in value over the period of their ownership are deemed to have a residual value equal to their original cost and are consequently not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.

VISION 21 (GLOUCESTERSHIRE) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES
31.3.23 31.3.22
£    £   
Donations 15,742 23,436
Grants 21,760 26,118
Memberships 75 15
37,577 49,569

Grants received, included in the above, are as follows:

31.3.23 31.3.22
£    £   
Planet Cheltenham Project 8,000 3,500
Summerfield Trust 7,500 -
Transition Town Network 4,910 -
Jubilee Planters 1,350 -
Reclaim grants - 18,825
Cheltenham Zero Project - 3,793
21,760 26,118

3. OTHER TRADING ACTIVITIES
31.3.23 31.3.22
£    £   
Project income 25,250 25,000
Furniture sales 89,834 86,616
Income from scrap metal 3,589 4,300
Recycling credits 5,728 5,196
Bulky collections 57,125 66,888
181,526 188,000


VISION 21 (GLOUCESTERSHIRE) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INVESTMENT INCOME
31.3.23 31.3.22
£    £   
Dividends 913 836
Deposit account interest - 71
913 907

5. RAISING FUNDS

Raising donations and legacies
31.3.23 31.3.22
£    £   
Fundraising costs 9,080 80

6. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7) note 8) Totals
£    £    £   
Charitable
269,494 19,653 289,147

7. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.23 31.3.22
£    £   
Staff costs 126,169 112,317
Rent & rates 94,420 26,291
Insurance 2,705 2,301
Light and heat 2,758 2,190
Office costs 2,956 3,751
Advertising 905 1,707
Sundries 620 694
Housekeeping 298 169
Information Technology 972 921
Meeting Expenses 37 228
Safety equipment 1,283 2,560
Staff travel & expenses 2,151 120
Subscriptions & membership 540 824
Motor expenses 11,244 16,307
Volunteers expenses 5,252 3,689
Repairs and renewals 2,951 1,226
Project expenses 1,421 232
Debit card machine costs 3,309 2,553
Depreciation 9,503 4,270
269,494 182,350

Rent & rates includes a provision of £70,000 for additional rent charges for the period from August 2019 to March 2023, which are currently under negotiation with the landlord.


VISION 21 (GLOUCESTERSHIRE) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. SUPPORT COSTS
Governance
costs
£   
Charitable

19,653

Support costs, included in the above, are as follows:

Governance costs
31.3.23 31.3.22
Total
Charitable activities
£    £   
Accountancy and legal fees 19,653 21,952

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.23 31.3.22
£    £   
Depreciation - owned assets 9,503 4,266

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


11. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.23 31.3.22
Office and administration 10 7

No employees received emoluments in excess of £60,000.


VISION 21 (GLOUCESTERSHIRE) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 25,306 24,263 49,569

Other trading activities 163,000 25,000 188,000
Investment income 907 - 907
Total 189,213 49,263 238,476

EXPENDITURE ON
Raising funds 80 - 80

Charitable activities
Charitable
184,969 19,333 204,302
Total 185,049 19,333 204,382

NET INCOME 4,164 29,930 34,094
Transfers between funds 604 (604 ) -
Net movement in funds 4,768 29,326 34,094

RECONCILIATION OF FUNDS
Total funds brought forward 186,198 71,488 257,686

TOTAL FUNDS CARRIED FORWARD 190,966 100,814 291,780

13. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 100,752 10,153 21,875 132,780
Additions - 1,454 22,194 23,648
At 31 March 2023 100,752 11,607 44,069 156,428
DEPRECIATION
At 1 April 2022 1,342 7,837 8,219 17,398
Charge for year 2,015 572 6,916 9,503
At 31 March 2023 3,357 8,409 15,135 26,901
NET BOOK VALUE
At 31 March 2023 97,395 3,198 28,934 129,527
At 31 March 2022 99,410 2,316 13,656 115,382

VISION 21 (GLOUCESTERSHIRE) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

14. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
MARKET VALUE
At 1 April 2022 20,024
Disposals (460 )
At 31 March 2023 19,564
NET BOOK VALUE
At 31 March 2023 19,564
At 31 March 2022 20,024

There were no investment assets outside the UK.

15. STOCKS
31.3.23 31.3.22
£    £   
Stocks 5,000 5,000

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 21,475 23,764
Accrued income 2,272 5,425
Prepayments 2,805 2,478
26,552 31,667

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 4,792 4,052
VAT 1,046 7,222
Accrued expenses 70,911 1,698
Deferred income 42,000 -
118,749 12,972

18. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
Vision 21 190,966 (102,814 ) 88,152

Restricted funds
Vision 21 Restricted Fund 100,814 24,603 125,417

TOTAL FUNDS 291,780 (78,211 ) 213,569

VISION 21 (GLOUCESTERSHIRE) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
Vision 21 174,799 (277,613 ) (102,814 )

Restricted funds
Vision 21 Restricted Fund 40,307 (15,704 ) 24,603
Transition Town 4,910 (4,910 ) -
45,217 (20,614 ) 24,603
TOTAL FUNDS 220,016 (298,227 ) (78,211 )


Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
£    £    £    £   
Unrestricted funds
Vision 21 186,198 4,164 604 190,966

Restricted funds
Vision 21 Restricted Fund 70,884 29,930 - 100,814
National Lottery Awards for All 604 - (604 ) -
71,488 29,930 (604 ) 100,814
TOTAL FUNDS 257,686 34,094 - 291,780

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
Vision 21 189,213 (185,049 ) 4,164

Restricted funds
Vision 21 Restricted Fund 49,263 (19,333 ) 29,930

TOTAL FUNDS 238,476 (204,382 ) 34,094

Restricted Funds
Vision 21 Restricted Fund includes funding for projects on environmental awareness and education.

National Lottery Awards for All is funding towards our Healthy Hobbies project.

Transition Town is funding towards transition projects.


VISION 21 (GLOUCESTERSHIRE) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

18. MOVEMENT IN FUNDS - continued

Transfers between funds
Transfers are made between restricted and unrestricted funds at the end of every accounting period in cases where:-

i) the activity of the restricted fund has come to an end and there is an unspent balance that is not repayable to the funder(s), when the surplus is transferred to unrestricted funds; or

ii) the restricted fund is in deficit and has either come to an end or there is no prospect of a surplus in a later period, when the deficit is eliminated by transfer from unrestricted funds; or

iii) income that is received in the restricted fund covers in part some of the costs in the unrestricted funds.

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.