REGISTERED CHARITY NUMBER: 1006244
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
THE OUTHOUSE
Martyn Lewis Chartered Accountants 1 Brewery House Brook Street Wivenhoe Essex C07 9DS
THE OUTHOUSE
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 to 10 |
THE OUTHOUSE
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
The trustees 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1006244
Principal address
The Outhouse 19 East Hill Colchester Essex CO1 2QX
Trustees
M Gillingham D Deller-Thompson M Frankham (resigned 31.3.21) L Macleod J Wilkins V Kumar (appointed 12.4.21)
Independent Examiner
Martyn Lewis Chartered Accountants 1 Brewery House Brook Street Wivenhoe Essex C07 9DS
Approved by order of the board of trustees on 5 January 2022 and signed on its behalf by:
M Gillingham - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE OUTHOUSE
Independent examiner's report to the trustees of The Outhouse
I report to the charity trustees on my examination of the accounts of The Outhouse (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Martyn Lewis ICAEW Martyn Lewis Chartered Accountants 1 Brewery House Brook Street Wivenhoe Essex C07 9DS
25 January 2022
Page 2
THE OUTHOUSE
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 10,596 Charitable activities Restricted - Investment income 2 18 Total 10,614 EXPENDITURE ON Raising funds 3 1,408 Charitable activities Restricted 501 Other 8 Total 1,917 NET INCOME 8,697 RECONCILIATION OF FUNDS Total funds brought forward 231,635 TOTAL FUNDS CARRIED FORWARD **240,332 ** |
Restricted fund £ 2 254,188 - 254,190 1,173 135,339 - 136,512 117,678 65,856 **183,534 ** |
Total funds £ 10,598 254,188 18 264,804 2,581 135,840 8 138,429 126,375 297,491 423,866 |
|---|---|---|
The notes form part of these financial statements
Page 3
THE OUTHOUSE
BALANCE SHEET 31 March 2021
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 208,529 CURRENT ASSETS Debtors 8 - Cash at bank 32,603 32,603 CREDITORS Amounts falling due within one year 9 (800) NET CURRENT ASSETS 31,803 TOTAL ASSETS LESS CURRENT LIABILITIES 240,332 NET ASSETS 240,332 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 75,359 500 114,107 114,607 (6,432) 108,175 183,534 **183,534 ** |
Total funds £ 283,888 500 146,710 147,210 (7,232) 139,978 423,866 423,866 240,332 183,534 423,866 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5 January 2022 and were signed on its behalf by:
M Gillingham - Trustee
The notes form part of these financial statements
Page 4
THE OUTHOUSE
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 charity, 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 Charities Act 2011. 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.
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.
Plant and machinery - 25% on reducing balance Computer equipment - 25% on reducing balance
Taxation
The charity is exempt from 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 5
continued...
THE OUTHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
2. INVESTMENT INCOME
| Deposit account interest RAISING FUNDS Raising donations and legacies Consumables Support costs |
£ 18 £ 649 1,932 **2,581 ** |
|---|---|
3. RAISING FUNDS
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
staff 6 No employees received emoluments in excess of £60,000.
6. RESTRICTED FUNDS
The restricted funds relate to projects for training,health and well being and youth work.
7. TANGIBLE FIXED ASSETS
| COST At 1 April 2020 Additions At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 |
Improvements Freehold to property property £ £ 207,000 37,730 - 31,837 207,000 69,567 - - - - - - 207,000 **69,567 ** |
Plant and machinery £ 7,312 - 7,312 5,848 366 6,214 1,098 |
|---|---|---|
Page 6
continued...
THE OUTHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
7. TANGIBLE FIXED ASSETS - continued
| Fixtures and fittings £ COST At 1 April 2020 740 Additions 3,821 At 31 March 2021 4,561 DEPRECIATION At 1 April 2020 111 Charge for year 668 At 31 March 2021 779 NET BOOK VALUE At 31 March 2021 3,782 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 10. MOVEMENT IN FUNDS At 1.4.20 £ Unrestricted funds General fund 24,635 Revaluation reserve 207,000 231,635 Restricted funds Restricted 65,856 TOTAL FUNDS **297,491 ** |
Computer equipment £ 1,633 2,564 4,197 943 813 1,756 2,441 Net movement in funds £ 8,697 - 8,697 117,678 126,375 |
Totals £ 254,415 38,222 292,637 6,902 1,847 8,749 283,888 £ 500 £ 2,069 5,163 7,232 At 31.3.21 £ 33,332 207,000 240,332 183,534 423,866 |
|---|---|---|
continued...
Page 7
THE OUTHOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 10,614 254,190 **264,804 ** |
Resources Movement expended in funds £ £ (1,917) 8,697 (136,512) 117,678 (138,429) 126,375 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 8
THE OUTHOUSE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
£
| INCOME AND ENDOWMENTS Donations and legacies Donations, legacies & similar Other Income Investment income Deposit account interest Charitable activities Grants Total incoming resources EXPENDITURE Raising donations and legacies Consumables Support costs Management Travel/Parking Motor Refreshments Telecommunication/Data Costs Advertising Information technology Equipment Serv/Repair Computer/IT Costs Repairs and renewals Licence Fees Human resources Wages Independent Examiners Subscriptions Training/Seminars Health & Safety Costs Other Rates and water Carried forward |
5,255 5,343 10,598 18 254,188 264,804 649 3 177 413 1,837 150 2,580 60 6,696 1,608 158 8,522 96,942 480 977 453 1,503 100,355 422 422 |
|---|---|
This page does not form part of the statutory financial statements
Page 9
THE OUTHOUSE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
| Other Brought forward Insurance Light and heat Postage and stationery Sundries Christmas Gifts Governance costs Hire /Rent Security costs Cleaning Professional Fees Accounts Fees Plant and machinery Fixtures and fittings Computer equipment Bank interest Total resources expended Net income |
£ 422 2,234 1,306 780 1,068 450 6,260 840 869 1,259 14,760 480 366 668 813 8 20,063 138,429 126,375 |
|---|---|
This page does not form part of the statutory financial statements
Page 10