OpenCharities

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

2021-03-31-accounts

REGISTERED COMPANY NUMBER: 02450753 (England and Wales) REGISTERED CHARITY NUMBER: 1000903

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

CLARO ENTERPRISES

DSC Chartered Accountants Tattersall House

East Parade Harrogate North Yorkshire HG1 5LT

CLARO ENTERPRISES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Notes to the Financial Statements 13 to 21

CLARO ENTERPRISES (REGISTERED NUMBER: 02450753)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

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 2021. 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

Purposes and Aims

The charity's purposes as set out in the objects contained in the company's Memorandum of Association are to:

The aims of our charity are to:

Ensuring our work delivers our aims

We review our aims, objectives and activities at least annually. We consider what we have achieved, what has not gone so well and what changes need to be considered to ensure we remain focused on our stated purposes.

A principal concern for the Trustees is to maintain our support for our present service users and to develop in a way which enhances the sustainability of our service.

The Trustees have complied with their duty to have due regard to the Charity Commission's guidance on public benefit. In particular, the Trustees consider how planned activities will contribute to the aims and objectives of the charity and enable it to meet its charitable purposes for the public benefit.

The focus of our work

The present focus of our work is to:

Page 1

CLARO ENTERPRISES (REGISTERED NUMBER: 02450753)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES Public benefit

How our activities deliver public benefit

All our charitable activities focus on helping and supporting our service users.

In the year covered by this report Claro Enterprises provided the following activities and services for its beneficiaries:

Our management and staff liaise closely with other agencies to ensure that the needs of service users are met and that new potential service users are made aware of the charity and its services. One of the principal benefits of our work is reduced dependence on primary and secondary health care services by our service users

Who used and benefitted from our services

Claro reopened at the beginning of July 2020 after the initial lockdown period. We started by providing a mix of ongoing support to people at home and direct supported sessions at Claro premises. After a gradual transition we built to providing 62 support sessions at the workshop each week and in addition support over 30 people who have severe and enduring mental conditions each week.

Through Route 1 we also provided support to an further 15 people with a range of mental health issues providing packs to them at home and through telephone support.

The Men's Shed is attended by around 15 local people each week when regulations have permitted it to open.

Page 2

CLARO ENTERPRISES (REGISTERED NUMBER: 02450753)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Our principal concern is the continued wellbeing of our service users and their development such that they can take up positions in the regular employment market. It is pleasing to report that one of Claro's full time supervisors was formerly a service user and another has moved on from Claro and is now in employed in another area of the county and another although still attending at Claro has taken up other volunteering opportunities..

From a trading point of view this year was difficult for Claro with the impact of the Covid pandemic. For significant periods the charity was unable to operate from its premises. There was very low demand for our products in woodwork and in our business services department as our customers businesses suffered from the pandemic.

Despite the significant challenges caused by the funding changes introduced by NYCC the General Manager, the Workshop Manager and the staff succeeded in ensuring sufficient activity for our service users and we were able to support as many service users as wished to attend. The Management Committee is very grateful for the efforts made by all staff.

The contractual changes implemented by NYCC have bedded down and although these have materially increased the administration burden on management and staff the impact on service users has been successfully minimised. As a result of these changes Claro now directly supports 19 service users financially as the support to these people previously offered by NYCC has been withdrawn. Claro continues to seek public and volunteer fundraising and grant support from charitable foundations and local businesses.

Despite the unprecedented challenges caused by the pandemic the General Manager, the Workshop Manager and the staff succeeded in modifying Claro's approach and ensured work, activities and practical support was made available to service users in their homes for those who wished during lockdown periods. It is testament to their efforts that with the easing of Covid measures in June 2021 virtually all clients have returned to the charity.

Before reopening Claro carried out a comprehensive risk assessment in line with local and national regulations and guidelines. A number of measures were identified to help reduce the risk of Covid 19 and make Claro a Covid safe environment. These included :

The Management Committee is very grateful for the superb efforts made by all staff in the face of the most challenging environment imaginable.

The volunteer programme introduced in 2019 had to be suspended due to Covid but will be reinvigorated in 2021.

The lower demand for our products and services remains a major challenge and risk for Claro. Financially Claro has not had to call on its reserves this year because of the success of our fundraising efforts from volunteers, local businesses and charitable foundations, tight cost control and and use of the Government financial support measures such as the furlough scheme. However the ongoing impact of Covid-19 on the level of demand for services and goods will be significant although difficult to quantify so it is probable that there will be a future call on reserves.

The management and Trustees continue to seek new customers and services both in woodwork and business services. Previous efforts have been successful but momentum has been lost (principally as a result of the Covid 19 pandemic) and these programmes will be reinvigorated. Claro continues to develop new wood based products which it is actively marketing and remains active in seeking grant and external financial support.

Page 3

CLARO ENTERPRISES (REGISTERED NUMBER: 02450753)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

Principal funding sources

Core funding has been provided by North Yorkshire County Council. This funding has not kept pace with cost increases and its real value has been eroded over the last few years. As reported above these arrangements changed at the end of September 2019. So far the impact on Claro's financial position has been minimal but this cannot be assumed going forward as cost pressures increase on NYCC.

Claro received support from NYCC Stronger Communities, The National Lottery,CooP Community Fund, ShareGift, R B Gray Trust and were generously remembered in the will of the late Stan Kaye. Such support and generosity is greatly appreciated by all at Claro.

The Charity depends on its trading activities as its other main source of funding and this income ensures financial viability and the continuation of the Charity.

We are grateful for the valuable support provided by all our funders and for the orders for goods and services received from our customers.

Investment policy and objectives

The Charity does not have a formal investment policy. The Charity's principal asset is its building which it owns and the equipment which it contains.

Reserves policy

The Management Committee has, for many years, determined that reserves not invested in fixed tangible assets should cover at least the value of two years financial support received from NYCC. This is to mitigate against loss of core funding. The Committee remains of the view that this is a prudent policy in the current economic climate and thus continues to hold significant sums in appropriate accounts. This policy is subject to regular review.

Reserves are held in a number of bank accounts and are reviewed regularly with the aim of ensuring that the amounts held in each account are adjusted to ensure that they are below the £85,000 threshold so that they are covered by the Financial Services Compensation Scheme

Page 4

CLARO ENTERPRISES (REGISTERED NUMBER: 02450753)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FUTURE PLANS

In the present economic climate and with the impact of Covid 19 we believe that continuing to deliver our core service is important as our service users are among the most vulnerable in society and their well being is very dependent on the Charity's existence.

We recognize that national policy is emphasizing mental health needs . During the year we continued discussions with North Yorkshire County Council about how Claro might develop its service in order to help more people in a wider variety of ways and these discussions will continue.

Claro is aware that the closure of patient beds in Harrogate will put more pressure on the Community Mental Health and crisis teams and day facilities such as Claro will become even more important than at present. Claro staff and Trustees are working hard to develop relationships with the relevant areas of health management to discuss how we might help.

A mental health partnership has been formed with Orb, Harrogate MIND and Wellsprings Therapy. The partnership received funding from the National Lottery from November 2020 to March 2021 to develop a Social Prescribing link with Harrogate District GPs. The project was a success in improving referral pathways and helping the charities connect with local people. Further funding has been secured to employ a Route 1 Coordinator to further develop the partnership over the next year. Discussions are underway with NYCC and Health about a longer term funding agreement for the Route 1 partnership.

The Trustees recognize that with the projected reduction in funding from NYCC and the continued downturn in commercial activity Claro is not financially sustainable in the medium term ( 2 - 3 years) unless something changes. This represents an on going challenge for the charity and is kept under close review by the Trustees.

Claro continues to monitor national and local developments in the area of mental health and well being with the aim of modifying and enhancing its services where appropriate. In particular we wish to further develop our individually tailored short term programmes for service users who could use Claro as a stepping stone back into the regular employment market.

We will continue the work we have started to increase staff flexibility and organizational capability through development and training.

Claro has formed a partnership with Leeds Metropolitan University who will second a masters student to Claro and will conduct a research project into the value such charities as Claro provide to service users and society.

We will continue the work we have started to increase staff flexibility and organizational capability through development and training.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organization is a charitable company limited by guarantee, incorporated on 11th December 1989 and registered as a charity on 13th November 1990. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

In the event of the company being wound up members are required to contribute an amount not exceeding £1 each.

Page 5

CLARO ENTERPRISES (REGISTERED NUMBER: 02450753)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of management committee

The Directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Committee.

Under the requirements of the Memorandum and Articles of Association one third of the Trustees, or the number closest to one third must resign at each AGM and may offer themselves for reelection if they wish.

All Trustees give their time voluntarily and receive no benefits from the charity. No expenses were reclaimed from the charity by Trustees during the year.

During the year no new Trustees were appointed.

The Trustees are :

Mr Chris Brown reelected in October 2018 - due to resign 2021 Mr Colin Reid reelected October 2019 - due to resign 2022 Mrs Susan Brown reelected in October 2020 - due to resign 2023 Mrs Maggie Archer reelected in October 2020 - due to resign 2023 Mr Richard Kenny reelected October 2019 - due to resign 2022 Mr James Atkins reelected October 2018 - due to resign 2021

Office Bearers are :

Mr James Atkins was elected as Chairman in October 2020 Mr Chris Brown was elected as Deputy Chairman in October 2020 Mrs Susan Brown was re elected as Secretary in October 2018

Organisational structure

The Management Committee met nine times during the year using Zoom to meet during Covid regulations. Charity activities and finances are reviewed at these meetings.

The meetings are attended by:

Meetings between all Claro staff and at least three of the Trustees take place when requested by staff.

Minutes and the decisions made at both of these meetings are recorded.

Induction and training of new trustees

New trustees undergo orientation to brief them on their legal obligations under charity and company law, the content of the Articles of Association, the Management Committee and decision making processes, the business plan and recent financial performance of the charity. They are encouraged to attend suitable external training events and during the year two trustees attended a half day course highlighting trustees legal accountabilities.

Page 6

CLARO ENTERPRISES (REGISTERED NUMBER: 02450753)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The Trustees confirm that the major risks to which the charity is exposed have been reviewed and systems have been considered and, where appropriate, established to mitigate those risks to the extent that they can reasonably be mitigated.

The principal risks are :

Organisational capacity and flexibility

Of necessity the charity operates with staffing levels which ensure service user safety and maximize efficiency. As a consequence there is very little spare capacity. Most staff have been in position for a considerable number of years and have built deep levels of competence in their areas of responsibility. Prolonged periods of staff sickness or absence or staff resignations represent a significant risk to the charity as at present the flexibility of the staff is somewhat limited. There are some key roles which only one staff member can perform.

The Trustees are aware of this risk and during the year have provided training to supervisors - now business critical activities can be performed by at least two staff members. Ongoing consideration of required staff training and development to address this risk will continue through this coming year.

Financial

Any further reduction in core funding from North Yorkshire County Council would pose a significant risk to the charity. Continued liaison and cooperation with our funders helps us to demonstrate to them the value our services provide and their positive feedback is an encouragement.

Our previous reserves policy is designed to enable the charity to continue for a two to three year period should core funding be lost completely. The Trustees are of the view that the changes to funding in September 2019 coupled with the ongoing challenging commercial environment and the impact of the Covid pandemic will result in more financial pressure on Claro. Claro has now entered a period where alternative funding is being sought to ensure the charity's long term sustainability.

Although our trading income is not dependent on only one or two predominant customers this is an area we continue to have work hard on to develop additional customers. We will continue to spread the customer base and thus further reduce exposure. We set our prices at a very competitive level and concentrate on delivering high quality goods. Customer feedback indicates a high level of satisfaction with our responsiveness, quality levels and value for money.

Cash flow is not an immediate risk given our reserves position. Management review potential bad debts on an ongoing basis and bring any concerns to the attention of the Trustees.

Accounts are subject to annual independent examination. The Management Committee review management accounts and the bank statements at each of their meetings.

Compliance, Safety and Security

Policies and procedures are reviewed by the staff and Trustees on an ongoing basis and are updated as and when required.

Our Health and Safety Policy is up to date and will be again be reviewed along with our current safety practices in detail during the coming year

Necessary insurances, fire and intruder alarms are in place and supported where relevant by service contracts.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 02450753 (England and Wales)

Registered Charity number

1000903

Page 7

CLARO ENTERPRISES (REGISTERED NUMBER: 02450753)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Registered office

Spa Road Starbeck Harrogate North Yorkshire HG2 7JG

Trustees

Christopher Bratton Brown Frances Susan Brown Margaret Jean Scott Archer Colin William Reid Richard Carlton Ross Kenny James Atkins

Company Secretary Frances Susan Brown

Independent Examiner

DSC Chartered Accountants Tattersall House East Parade Harrogate North Yorkshire HG1 5LT

Bankers Yorkshire Bank PLC James Street Harrogate HG1 4NH

Approved by order of the board of trustees on 15 November 2021 and signed on its behalf by:

James Atkins - Trustee

Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLARO ENTERPRISES (REGISTERED NUMBER: 02450753)

Independent examiner's report to the trustees of Claro Enterprises ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

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.

John Garbutt BA FCA ICAEW DSC Chartered Accountants Tattersall House East Parade Harrogate North Yorkshire HG1 5LT

15 November 2021

Page 9

CLARO ENTERPRISES

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
180,431
Charitable activities
4
Manufacturing & services
40,698
Investment income
3
222
Total
221,351
EXPENDITURE ON
Charitable activities
Manufacturing & services
155,211
NET INCOME
66,140
RECONCILIATION OF FUNDS
Total funds brought forward
267,633
TOTAL FUNDS CARRIED FORWARD
333,773		 Restricted
funds
£
14,500
-
-
14,500
14,500
-
180,074
180,074		 2021
Total
funds
£
194,931
40,698
222
235,851
169,711
66,140
447,707
513,847		 2020
Total
funds
£
143,659
60,299
429
204,387
198,043
6,344
441,363
447,707

The notes form part of these financial statements

Page 10

CLARO ENTERPRISES (REGISTERED NUMBER: 02450753)

BALANCE SHEET 31 MARCH 2021

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
59,742
CURRENT ASSETS
Stocks
11
1,504
Debtors
12
5,220
Prepayments and accrued income
2,808
Cash at bank and in hand
278,655
288,187
CREDITORS
Amounts falling due within one year
13
(1,539)
NET CURRENT ASSETS
286,648
TOTAL ASSETS LESS CURRENT
LIABILITIES
346,390
ACCRUALS AND DEFERRED INCOME
14
(12,617)
NET ASSETS
333,773
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
180,074
-
-
-
-
-
-
-
180,074
-
180,074		 2021
Total
funds
£
239,816
1,504
5,220
2,808
278,655
288,187
(1,539)
286,648
526,464
(12,617)
513,847
333,773
180,074
513,847		 2020
Total
funds
£
244,799
2,303
11,064
11,892
190,143
215,402
(5,523)
209,879
454,678
(6,971)
447,707
267,633
180,074
447,707

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 11

CLARO ENTERPRISES (REGISTERED NUMBER: 02450753)

BALANCE SHEET - continued 31 MARCH 2021

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 15 November 2021 and were signed on its behalf by:

James Atkins - Trustee

The notes form part of these financial statements

Page 12

CLARO ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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.

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.Grant

Government Grant Income

Government grant income is recognised when there is reasonable assurance that the grant will be received, and that Claro Enterprises will comply with any conditions attached to the grant.

Grants are measured using the accruals model.

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.

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees and costs linked to the strategic management of the charity.

Governance costs are included within support costs, and are wholly allocated to charitable expenditure.

Allocation and apportionment of costs

Support costs are wholly allocated to the charitable activity of Claro Enterprises, which is the running of the workshop.

Tangible fixed assets

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

Plant and machinery 5% - 33.3%
Fixtures and fittings 10% - 33.3%
Computer equipment 20% - 25%

An assessment on the appropriateness of calculating depreciation with reference to cost or with reference to net book value is made on an asset-by-asset basis.

Freehold buildings are not depreciated; they are carried at cost less impairment. It is the company's policy to maintain the property in an continued state of sound repair. Accordingly the trustees consider that the life of the property is so long and the residual value, based on prices prevailing at the time of acquisition, is so high that any depreciation would be immaterial.

Page 13

CLARO ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

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.

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.

Prepayments and accrued income

Prepayments are recognised when the associated payment has been made, until the associated goods or services have been received.

Accrued income is recognised as the charity becomes entitled to it and is measured at fair value.

Cash at bank and in hand

Cash at bank and in hand represents cash held and accessible immediately.

Creditors and provisions

Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount after allowing for any trade discounts due.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants
Grants received, included in the above, are as follows:
North Yorkshire County Council
National Lottery
Two Ridings
Route One Lottery Funding
Coronavirus Job Rentention Scheme
NYCC Stronger Communities
Co-op Community		 2021
£
18,058
-
176,873
194,931
2021
£
122,578
10,000
417
14,500
24,949
1,474
2,955
176,873		 2020
£
14,495
1,836
127,328
143,659
2020
£
115,243
7,500
4,585
-
-
-
-
127,328

Page 14

CLARO ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

3. INVESTMENT INCOME
2021 2020
£ £
Deposit account interest 222 429
4. INCOME FROM CHARITABLE ACTIVITIES
2021 2020
Activity £ £
Woodworking income Manufacturing & services 15,257 26,559
Outwork income Manufacturing & services 8,811 20,159
Service charges Manufacturing & services 14,130 12,982
Men/Women in sheds Manufacturing & services 2,500 599
40,698 60,299
5. SUPPORT COSTS
Governance
costs
£
Manufacturing & services 10,200
Support costs, included in the above, are as follows:
2021 2020
Manufacturing Total
& services activities
£ £
Wages 6,772 5,126
Independent Examiner's remuneration 1,600 1,600
Independent Examiner's remuneration for
other work 1,828 2,683
10,200 9,409
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
£ £
Independent Examiner's remuneration 1,600 1,600
Independent Examiner's remuneration for other work 1,828 2,683
Depreciation - owned assets 4,983 5,268

Page 15

CLARO ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2021
£
115,369
4,126
5,377
124,872		 2020
£
115,069
5,165
5,461
125,695

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

2021 2020
Employees 7 7

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

In addition to the full time staff disclosed above, as part of Claro Enterprises' charitable activities, people with long term, severe and enduring mental health problems volunteer in our woodworking and outworking activities. These people are the beneficiaries of the charity and are referred to as our service users.

Service users are not employees and are excluded from the results above. In the year the charity provided support for an average of 19 service users (2020: 40) and service user expenses totalled £3,596 (2020: £11,033).

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
143,659
Charitable activities
Manufacturing & services
60,299
Investment income
429
Total
204,387
EXPENDITURE ON
Charitable activities
Manufacturing & services
198,043
NET INCOME
6,344		 Restricted
fund
£
-
-
-
-
-
-		 Total
funds
£
143,659
60,299
429
204,387
198,043
6,344

Page 16

CLARO ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
10.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2020 and
31 March 2021
227,051
DEPRECIATION
At 1 April 2020
-
Charge for year
-
At 31 March 2021
-
NET BOOK VALUE
At 31 March 2021
227,051
At 31 March 2020
227,051		 Plant and
machinery
£
42,300
26,844
3,961
30,805
11,495
15,456		 Unrestricted
funds
£
261,289
267,633
Fixtures
and
fittings
£
7,636
5,950
650
6,600
1,036
1,686		 Restricted
fund
£
180,074
180,074
Computer
equipment
£
8,263
7,657
372
8,029
234
606		 Total
funds
£
441,363
447,707
Totals
£
285,250
40,451
4,983
45,434
239,816
244,799		 Total
funds
£
441,363
447,707

Freehold property relates entirely to the cost of the premises of Claro Enterprises and subsequent improvements.

£180,074 of the cost of the freehold property was provided by the National Lottery Fund and is restricted to the acquisition and refurbishment of the property occupied by the charity.

11. STOCKS

Stocks

2021 2020
£ £
1,504 2,303

Page 17

CLARO ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
VAT
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
14.
ACCRUALS AND DEFERRED INCOME
Accruals and deferred income
Deferred government grants
The government grant deferred income is grant payments relating to the first quarter of the year ended 31 March
2021.
£
£
2021
2020
Deferred income brought forward
3,387
16,057
Deferred income released in the year
(3,387)
(16,057)
Additional deferred income in the year
8,809
3,387
Deferred income carried forward.
8,809
3,387
15.
MOVEMENT IN FUNDS
Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
Unrestricted funds
General fund
255,816
66,140
321,956
Development fund
11,817
-
11,817
267,633
66,140
333,773
Restricted funds
Lottery fund
180,074
-
180,074
TOTAL FUNDS
447,707
66,140
513,847		 The government grant deferred income is grant payments relating to the first quarter of the year ended 31 March
2021.
£
£
2021
2020
Deferred income brought forward
3,387
16,057
Deferred income released in the year
(3,387)
(16,057)
Additional deferred income in the year
8,809
3,387
Deferred income carried forward.
8,809
3,387
15.
MOVEMENT IN FUNDS
Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
Unrestricted funds
General fund
255,816
66,140
321,956
Development fund
11,817
-
11,817
267,633
66,140
333,773
Restricted funds
Lottery fund
180,074
-
180,074
TOTAL FUNDS
447,707
66,140
513,847		 The government grant deferred income is grant payments relating to the first quarter of the year ended 31 March
2021.
£
£
2021
2020
Deferred income brought forward
3,387
16,057
Deferred income released in the year
(3,387)
(16,057)
Additional deferred income in the year
8,809
3,387
Deferred income carried forward.
8,809
3,387
15.
MOVEMENT IN FUNDS
Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
Unrestricted funds
General fund
255,816
66,140
321,956
Development fund
11,817
-
11,817
267,633
66,140
333,773
Restricted funds
Lottery fund
180,074
-
180,074
TOTAL FUNDS
447,707
66,140
513,847		 The government grant deferred income is grant payments relating to the first quarter of the year ended 31 March
2021.
£
£
2021
2020
Deferred income brought forward
3,387
16,057
Deferred income released in the year
(3,387)
(16,057)
Additional deferred income in the year
8,809
3,387
Deferred income carried forward.
8,809
3,387
15.
MOVEMENT IN FUNDS
Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
Unrestricted funds
General fund
255,816
66,140
321,956
Development fund
11,817
-
11,817
267,633
66,140
333,773
Restricted funds
Lottery fund
180,074
-
180,074
TOTAL FUNDS
447,707
66,140
513,847		 The government grant deferred income is grant payments relating to the first quarter of the year ended 31 March
2021.
£
£
2021
2020
Deferred income brought forward
3,387
16,057
Deferred income released in the year
(3,387)
(16,057)
Additional deferred income in the year
8,809
3,387
Deferred income carried forward.
8,809
3,387
15.
MOVEMENT IN FUNDS
Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
Unrestricted funds
General fund
255,816
66,140
321,956
Development fund
11,817
-
11,817
267,633
66,140
333,773
Restricted funds
Lottery fund
180,074
-
180,074
TOTAL FUNDS
447,707
66,140
513,847		 The government grant deferred income is grant payments relating to the first quarter of the year ended 31 March
2021.
£
£
2021
2020
Deferred income brought forward
3,387
16,057
Deferred income released in the year
(3,387)
(16,057)
Additional deferred income in the year
8,809
3,387
Deferred income carried forward.
8,809
3,387
15.
MOVEMENT IN FUNDS
Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
Unrestricted funds
General fund
255,816
66,140
321,956
Development fund
11,817
-
11,817
267,633
66,140
333,773
Restricted funds
Lottery fund
180,074
-
180,074
TOTAL FUNDS
447,707
66,140
513,847
£ £
2021 2020
3,387 16,057
(3,387) (16,057)
8,809 3,387
8,809 3,387
At 1.4.20
£
255,816
11,817
267,633
180,074
447,707		 Net
movement
in funds
£
66,140
-
66,140
-
66,140		 At
31.3.21
£
321,956
11,817
333,773
180,074
513,847

Page 18

CLARO ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

15. MOVEMENT IN FUNDS - continued

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

Incoming
resources
£
Unrestricted funds
General fund
221,351
Restricted funds
Route One
14,500
TOTAL FUNDS
235,851
Comparatives for movement in funds
At 1.4.19
£
Unrestricted funds
General fund
249,472
Development fund
11,817
261,289
Restricted funds
Lottery fund
180,074
TOTAL FUNDS
441,363
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
204,387
TOTAL FUNDS
204,387		 Resources
Movement
expended
in funds
£
£
(155,211)
66,140
(14,500)
-
(169,711)
66,140
Net
movement
At
in funds
31.3.20
£
£
6,344
255,816
-
11,817
6,344
267,633
-
180,074
6,344
447,707
Resources
Movement
expended
in funds
£
£
(198,043)
6,344
(198,043)
6,344

Page 19

CLARO ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Development fund
Restricted funds
Lottery fund
TOTAL FUNDS		 At 1.4.19
£
249,472
11,817
261,289
180,074
441,363		 Net
movement
in funds
£
72,484
-
72,484
-
72,484		 At
31.3.21
£
321,956
11,817
333,773
180,074
513,847

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Route One
TOTAL FUNDS		 Incoming
resources
£
425,738
14,500
440,238		 Resources
Movement
expended
in funds
£
£
(353,254)
72,484
(14,500)
-
(367,754)
72,484		 Resources
Movement
expended
in funds
£
£
(353,254)
72,484
(14,500)
-
(367,754)
72,484
72,484

The funds received from the National Lottery were specifically for use in the acquisition and refurbishment of the property occupied by the charity.

The development fund is designated to provide for the development of the company's aim to provide sheltered workshop facilities for the maximum number of sufferers in the future.

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 20

CLARO ENTERPRISES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

17. RESERVES POLICY

The Claro service users are vulnerable. Their health and wellbeing depends on Claro being available to support them. To ensure continuity of support the Trustees have decided that reserves not invested in fixed tangible assets should cover at least the value of two years financial support received from NYCC. This policy is subject to review annually

Page 21