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

Patron G Naylor MBChg, G Naylor MBChg, FRCS(ED), FRCOPHTH FRCS(ED), FRCOPHTH FRCS(ED), FRCOPHTH
Trustees Joy Killip
Pat Lord
Joseph Bannister
Beverley Gamty
Alan Cantor
Michael Steel
Alistair Humphreys (resigned 30th June 2020)
Neville Preston (resigned 7th September 2020)
Terry Wright (appointed 29th September 2020)
Chair Joseph Bannister
Vice Chair Barbara Whalley (resigned 31stOctober 2020)
Beverley Gamty (appointed 1st December 2020)
Chief Executive and Company Ruth Lambert
Secretary
Charity number 1009955
Social landlord number L4005
Company number 02698040
Principal address and Registered Bosworth Place
Office Squires Gate
Blackpool
Lancashire
FY4 1SH
Auditor Champion
Accountants		 LLP
Unit 2 Olympic Court
Whitehills
Business		 Park
Blackpool
Lancashire
FY4 5GU
Bankers HSBC Bank Pic
1 Newhouse
Road
Oxford Square
Blackpool
Lancashire
FY4 4YH

Barclays Bank Pic
1 Birley Street
Blackpool
Lancashire
FY1 tDX
Solicitors Wilsons Solicitors
Atexandra
House
StJohns Street
Salisbury
SP1 2SB

Page
Trustees'
report		 1-13
Statement
ofTrustees'		 responsibilities 14
Independent
auditor's		 report 15-18
Statement offinancial activities
Balance sheet 20
Statement ofcash flows 21
Notes to the financial statements 22- 39

Unrestricted Restricted Total Unrestricted Restricted Total
funds hmds funds funds
Notes 2021
f		 2021
6		 2021
6		 2020
6		 2020
6		 2020f
Incom
n
en		 wm n
Donations
and legacies		 3 224,535 95,152 319,687 38,050 75,441 113,491
Charitable
activities		 4 1,097.408 54,274 1,151,682 1228,344 47,767 1,276,111
Other trading
activities		 5 37.559 37,559 124,366 1,000 125,366
Investments 6 27.604 27,604 38,886 38,886
Other income 7 2,558 6,250 8,808 7,321 7,321
Total income 1,389,664 155,676 1,545,340 1,436,967 124.208 1,561,175
~E*
dit
Raising funds 8 141,516 141,516 145,018 145,018
Charitable
activities		 9 1,246,960 144,744 1,391,704 1,393,874 96,158 1,490,032
Total resources
expended 1,388,476 144,744 1,533,220 1,538,892 96,158 1,635,050
Net gains/(losses) on
investments 14 152,088 152,088 (120,528) (120,528)
Net incomingl
(outgoing) resources
before transfers 153,276 10,932 164,208 (222,453) 28,050 (194,403)
Gross transfers
between funds (4,014) 4,014
Net movement in funds 149,262 14,946 164,208 (222,453) 28,050 (194,403)
Fund balances at 1
April2020 1,664.603 1,246,131 2,910,734 1.887.056 1718,081 3,105,137
Fund balances at 31
March 2021 1,813,865 1,261,077 3,074,942 1,664,603 1,246,131 2,910,734

2021 2020
Notes 5 6
Fixed assets
Tangible assets 15 1,433,934 1,445,344
Current assets
Stocks 16 6,502 8,224
Debtors 17 76,095 42,849
investments 19 1,490,433 1,325,299
Cash at bank and in hand 223,569 160,915
1,796,599 1,537,287
Creditors: amounts
one year		 falling due within 20 (155,591) (71,897)
Net current assets 1,641,008 1,465,390
Total assets less current liabilities 3,074,942 2,910,734
Income funds
Restricted funds
v
t'tdhd		 22 1,261,077 1,246,131
General unrestricted funds 1,728,922 1,579,660
Revaluation
reserve		 84,943 84,943
1,813,865 1,664,603
3,074,942 2,910,734

2021 2020
Notes 6 f
Cash flows from operating activities
Cash generated
from/(absorbed		 by) 27
operations 58,673 (11,634)
Investing activities
Purchase oftangible fixed assets (10,577) (10,084)
Proceeds on disposal ofinvestments 336,787 393,815
Purchase ofinvestments (349,833) (497,418)
Interest received 27,604 38,886
Net cash generated
from/(used		 in)
investing activities 3,981 (74,801)
Net cash used in financing activlges
Net increasel(decrease) in cash and cash
equivalents 62,654 (86,435)
Cash and cash equivalents at beginning ofyear 160,915 247,350
Cash and cash equivalents at end ofyear 223,569 160,915
Relating to:
Cash at bank and in hand 223,569 160,915

Unresb icted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021f 2021
6		 2021
6		 2020
8		 2020f 2020
Donations and gifts 18,635 18,635 23,059 32,097 55,156
l egacies receivable
Grants receivable		 126,900
79,000		 3,500
91,652		 130,400
170,652		 14,991 43,344 14,991
43,344
224,535 95,152 319,687 38,050 75,441 113,491
O
8 4I
0 A
«CC		 O
8 4I
0 A
«CC		 4l IA
ct		 ED
CO		 I
EO
I		 EO
CO
EO CI
«CO		 EO
CO
EO CI
«CO		 co I
CO
I
LA CO
IO		 I
cC		 Eo
IA		 EO
N		 «I I
9ol
00
«CC		 4I IA
«I		 CI
CC
cC		 DI
I
CO		 CO
EO
cC		 CO
ED
N		 COQ IN CO
ED
CD
ID		 IA
Q		 EA
N		 Cl
ED		 IA I
CII
CI		 LA IA
IlZ
Ol0
«III
0 'I Q
ICI		 I ~ I Q
Ol		 L EO
IA		 I
U
40
CO
0 P
04 0
Eo		 W IA
CO
EO		 I
N		 ED
EA
EO		 LA
IA		 I
N		 Q
IA
DI
LA
EO IA
Cl
E
E 0
OZ
Ol		 4l I Q
ED
LA
CI		 L CI
ED
LA		 EO
Co
10
Cl		 Cl
ED
LA
Cl		 LA
Lfl
CI
EO
E
U
4 P
CW
Elle E
u ca
0 ILIx		 cO
EO
CI		 N
IA		 LA
CI		 ~
IL Cl ED
CO		 Eo
Dl
O
IU
KI-X
CIO
IoI-X
IU cc
IUI- O
I-
fo
«C
OR
«CZ		 O
O		 0
Cl		 CIe
0e
Cl		 LCc0
U
ID
0c
'0		 CI
III
UI
'Cl
III		 ClE0Vc ED
N
N
V
CD
IUXI-
CII-
Co
IUI-0R		 UI
C0		 V
IC
CI
Zl
IC
IC
0		 m
v
c
CE
'5
EA		 e
Co
E
Q
Ell
„
EO
EO
Ol
EDUce		 e
Cl
Jo
'cr
e
O		 0E
OU
E
5
0		 T7 Qc
CI
cgD
O
'D
e
LV
0
U
ul c
ID
e
L
e
c c 0
«C D 0.'		 nl
cl
5
0
CL		 10
e
W
c
2		 c

Unrestricted Restricted Total Total
funds funds 2021 2020
Fundraising events 31 31 7,352
Shop income 37,528 37,528 118,014
Other trading activities 37,559 37,559 125,366
Forthe year
March 2020		 ended 31 124,366 1,000 125,366
Investments
2021 2020
Income from listed investments 27,600 38,886
Interest receivable 4
27,604 38,886

Unrestricted Restricted Total Unrestricted
funds funds funds
2021f 2021
8		 2021
f		 2020
6
2,558 6,250 8,808 7,321

Unrestricted Unrestricted
funds funds
2021
F		 2020f
Fundralsin and ublicit
Other fundraising costs 13,464 11,275
Staffcosts 9,888 12,475
Support costs 5,851
Fundraising and publicity 29,203 23,750
T~Ch
Operating charity shops 55,918 56,222
Staffcosts 46,641 53,147
Support costs 9,754 11,899
Trading costs 112,313 121,268
141,516 145,018
CO
8N
0 IO
P N		 4l N
CO
IQ		 LA
CO
N		 IO
N
IA		 Ol
I)
CO
CO		 CO
t
Pc		 LO
Ol
CO
LA		 I
N		 CI
I
IA
I		 LD
CO
to
ol
LA		 'ct
0
co
LA		 IA
IA
cn
'ct		 N
CD
LD
N		 IO
IA
nt
co		 LA
to
nt
LA		 0
N
co
LQ		 N
CO
nt
pl		 CO
LA
I		 CO
C)
N		 ncN
C)
Cl
CO
lcI N
0 LQ
t
N		 Cll Ol
N
I
N		 I
'4
N		 LD
I
Ol
LO		 LA
CL
Ol		 ct
IA
LD
'll		 CQ
I
I		 ccl
Ol
CO		 co
Ol
Cn
Ol		 cn
CD
CO
IA
IA		 co
CO
IA
l		 Ct
Ol
ID
N		 cQ
t
I		 N
Ol		 0
IA		 cn
C3
ct		 CQ
CQ		 ccl
N
tcl		 Ol
LA
N
ID
I		 CO
CA
nt
N
CD		 CLt
cn
Ol
« t t I t I t t t t t t t t gl LQ t
N
0 QL LA LA
z0
0))z		 )
b		 '0
E		 lhc0 ~
N
N		 4t LD
IA
LA		 I
nc
CO		 t Ol
CO
N		 CO
CQ
Ol		 IA
Ol		 CQ
N		 co
IA
ID		 N
N
Cn
N		 co
LA		 I
nt
ct		 cn
IQ
CD		 t IA
CD
N		 CD
N		 CO
cCI- Ql g
III
—X
III		 c
Ol
N		 4t CO
I
CO		 I
N		 IA
ID		 I
LD		 'It
CD		 Ct
IA		 N
CO
LA		 Ol
Ct
YJ
N		 LA
N
N		 IQ
IO
CO		 N
CO		 LQ cn
nt
cn		 cn I
IQ
CO
I		 Ol
N
CD
t		 LA
I
N
N
Qz nl
III
~
0 c
0
COo		 N
N		 4l CD LD
cn
N		 t
an
CO		 LA
cl
N		 t
IA		 I N t CQ
CD		 Pc N
Ol		 IA
CO
LA		 CD
LA
ID
c nl
0 c
&o		 c
N
CI
N		 4l CO
N
CO		 ct
LA
nc		 ' Cn
I
t
IQ		 ct
nt
cl
I		 IA
N
LA		 LA
Ol		 'n
Ol
'd		 N
nt
LA
LA		 CO
cl
I
N		 nc
0
N		 I
co		 CO
cD		 nt
ct
IA		 nt
CQ
ttl
ID		 ID
IO		 cn
IA
ID		 IA
cn
N
0
I-
O0
l5z
ct,
'
O
00
O
xl-		 O
UJDzI-
nn0
O
VII-X
UlX
IUI-
I-
VI
OX
cL'X
UlXI-0I-
V)
UlI-0R		 AIO
O
0
0
C
cC
Ul
0		 0
III
00
nl
Zl8
In
o
Ol		 0
In
o
c
I0.		 E0X
E
III
~ E
00
mZ
X
C		 N
CL
N
N
QlN		 W
Ol		 Cl
cn
IO
tllQE
itl0
m .o
C L
0 0
nl
'
nl
tn
m
0'o c
omc
nl
III
CD 0 O		 cn
nc
LA
NNN
CD
Ol
CD
I
Ct
I
co N
cn 0
nt
CD
LA t IQ
I
Ch
CA
CQ
IA ID
I
cn
LA
N
LA
Cn
LO
I
I
N
LD nc N 0 Io
COLD 00
IDIO
N
Cn N
Ol
CD
'0
m
m0
m D
tll c
L
tn
nn
Q
InoL
tn
nl
LTI
0
13c
Itl
0
IIIoc-
0
In
nl ~
c .
cn m.c
c I- E
Olcc
III00
c0
itl
Nc0
o 0
c0. nl
In 0.
nl
III
QlL
nl
)0m0
m «0
'0
m
d 'Pn
0
ln
Q
Vl 'Q
ttl
QI m, al
c
m 0
L It C
'c 0
Q W
CO
c
In
E
2
cn
In
Ql
c
m
IC
CO		 '
cn
m
c0
'rn
0
W		 Ol N
LD co
N
m
nl
itl
tn0
ul
X 0 0
0 Qt.m0
0 0 Q
o
Ecv
FL~
0 m.~
O
CD O		 CD
LO
N
cn
c0
IO
Ol
CD
CO		 LA
IQ
LA
C)
Ol
CO
tn
O
nltn
tn
0
8o
H.
CL
cn
0
0
nl
CD		 NN
N
nl0c
Cl
tnnl
tn
m0
o
nl
c
E
nl
0
cn
0
nl
I
nl
CD

Support c osts
Support Governance 2021 Support Governance 2020
costs costs costs costs
6 6 5
Staff costs 117,027 13,003 130,030 119,403 13,267 132,670
Audit fees 5,910 5,910 5,500 5,500
Legal and professional 1,110 1,110
OI8ce costs 4,788 4,788
117,027 20,023 137,050 119,403 23,555 142,958
Analysed between
Fundraising 5,851 5,851
Trading 8,778 976 9,754 8,955 2,944 11,899
Charitable activities 102,398 19,047 121,445 110,448 20,611 131,059
117,027 20,023 137,050 119,403 23,555 142,958

2021 2020
Number Number
Management 4 4
Charitable ActiviTies 39 43
Total 43 47
Employment costs 2021 2020
6 6
Wages and salaries 931,867 990,427
Social security costs 56,740 60,623
Other pension costs 25,171 29,084
1,013.778 1,080,134
Unrestricted Unrestricted
funds funds
2021f 2020
6
Revaluation of investments 180,410 (111,404)
Gain/(loss) on sale ofinvestments (28.322) (9,124)
152,088 (120,528)

15 Tangible fixed assets
Land and Fixtures, Niotor vehictes Totat
bugdings Sttings S
equipment
6 8
Cost or valuation
At 1 April 2020
Additions		 1,400,000 264,511
10.577		 14,341 1,678,852
10,577
At 31 March 2021 1,400,000 275,088 14,341 1,689,429
Depreciation
and impairment
At 1 April 2020
Depreciation
charged		 in the year 27,806
8,397		 200,539
11,754		 5,163
1,836		 233,508
21,987
At 31 March 2021 36,203 212,293 6,999 255,495
Carrying
amount
At 31 March 2021		 1,363,797 62,795 7,342 1,433,934
At 31 March 2020 1,372,194 63,972 9,178 1,445,344

N0
N		 CI44
IC		 N
CI
NCU		 4l O
O
O
Ol		 IA
CA
CA
CA		 O
O
O
IA
Cll		 I I
ct		 0
O
O		 I I I
CO
tll
Ol		 CO
CO
Ol
Ol		 I CI
CO
N
IG
Q0
I0		 L
CI		 n 4I I I I I I I I I CI I I I ~
Cl
Cl.
N
I0
N2
L0'0		 Ih'0
E		 e
0
N		 'O
Cl'00
Cl
CC
X		 CII IA
CI		 I CO
CO		 CII
IA		 CO CIO
O		 I
CII
cl'
IA		 CI
CI
IA
CA
Cl IL' Cl
R0
LIl)
X
I-
cC		 IC0
Ol
'00
ill
NC0
CCL0		 F
E4U		 IC
ClV
E0
N
E
0
N
CI
N		 4I
W		 I
0
O
O		 I
0
I		 0
O
O
IA
CII		 Ol
CD
CO
cC
IA
~		 I
I		 CC
CO
Ch
Ol
I		 I I
Ctl
IA		 0
0
CI
CV		 I CD
CO		 O
lo
CCI
CO
CO
CV		 ~
CA
CA
CA		 '
CO
CD
Cb		 '
0
CI
0		 0 O
O
IA
Al CO Ol CD
0
IC00C		 CC
C		 CA
0Z
IS		 Cl0
'O
Cl'000O.
CC
ClC		 N
'2
C
C		 0
Ol
E0
U0		 'g
R.
N
CI
0		 W
Cll		 | I CI
IA
I		 I I
CO
Cl
CO O O O
CO
I
O O O
CO
O 0 0
CA
VCOIAOOI
CC
Ol		 O
0
O		 CO
I
I
lo
I
I		 I
CA
0		 CO
CI
AL
Ol
0
I-
00		 0
LLLDZI-Z0
O		 Cl
Ch
'Lo.
E00
N
'O
C		 Cl
ClVC
Cl
IC
IO		 Vl
CC0
CL
cC		 Ul O
0
O
0		 I
PI
I
IA		 I CI 0
IA
CO		 O
O
O
IA		 I I I I I I CO
CI
IXI
K NI-Z
ILI		 o
CCI		 '000
'C
N
Cl
R LLII- O IO IO
Cl I-
LI)		 0C IL0
cL'
m
00
XI-		 OZ
Z
LLLZI-0I-
LIL
LLII-0Z		 O
Q
LLI
0		 '0
Im		 Cl
IO
0
8C
IP
I—		 '0C
CL
Ol
C
0
IC
om
O.' G		 Cl
0 f
Cl
Cr
0
IA
0 0
ID-""
C
Cl
Ol 0 C
C 0 0
'0 L Q
c 0
ID
'
tC
'E g5
Ig
C '0		 lc
C
III
0
EJ
0
U		 0
E
Cl
N
mQ
Cl
IE
III
o		 0Z
I
Cl
Cl
tll
cl E
mf
W
CO
0 00
In
m
CI 8		 C
o
0
G
0
N
I-		 'C O
C
0
NIL
'0
Cl
g'
cL P-		 'c
0
ILI		 '0
c
III
0
Q
IA		 IC
120Z
f
m
E
Ig
G		 U
C
IC
Cl
Z		 NC
Cl
L
0
CI

23 Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
E E E E E E
Fund balances at 31
March 2021 are
represented by:
Tangible assets 242,934 1,191,000 1,433,934 254,344 1,191,000 1,445,344
Current assetsl
(liabilities) 1,570,931 70,077 1,641,008 1,410,259 55,131 1,465,390
1,813,865 1,261,077 3,074,942 1,664,603 1,246,131 2,910,734
2021 2020
E E
Within one year
Between two and five years		 38,881
28,584		 34,504
1,215
67,465 35,719
The remun eration
ofkey management
personnel
is as		 follows.
2021 2020
E E
Aggregate compensation 133,107 131,701

27 Cash generated
from operations		 Cash generated
from operations		 2021 2020
8 8
Surplus/(degctt)
for the year		 164,208 (194,403)
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (27,604) (38,886)
Loss on disposal ofinvestments 28,322 9,124
Fair value gains and losses on investments (180,410) 111,404
Depreciation
and impairment
oftangible fixed assets		 21,987 25,137
Movements
in working
capital:
Decrease in stocks 1,722
(Increase)/decrease
in debtors		 (33,246) 51,833
Increase
in creditors		 83,694 24,157
Cash generated
from/(absorbed		 by) operations 58,673 (11,634)