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||||Page|
|---|---|---|---|
|Trustees||||
|Reference and administrative||details ofthe charity and advisers||
|Trustees'
report|||3-10|
|Independent
auditors'|report||11-13|
|Statement offinancial|activities||14|
|Balance sheet|||15|
|Statement ofcash flows|||16|
|Notes tothe financial|statements||17-34|
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|Company|registered|registered||||||
|---|---|---|---|---|---|---|---|
|number|||2703636|||||
|Chadty registered||||||||
|number|||1010973|||||
|Registered||office|The Sycamores|||||
||||Mount Pleasant Road|||||
||||Exeter|||||
||||EX4 1AE|||||
|Company|secretary||Martyn Rogers|||||
|Senior management|||Martyn Rogers - Chief Executive||(retired||1 October 2021)|
|team|||Nicky Flyn - Chief Executive (appointed||||4 October 2021)|
||||Caroline Aird - Services|Manager|(resigned 26 March 2021)|||
|Independent||auditors|Thomas Westcott|||||
||||Chartered
Accountants|||||
||||Timberly|||||
||||South Street|||||
||||Axminster|||||
||||EX135AD|||||
|Bankers|||Santander|||||
||||Milford House|||||
||||Pynes
Hill|||||
||||Exeter|||||
||||EX25AZ|||||
|Investment||managers|Hawksmoor
Investment|Management||Limited||
||||17 Dix's Field|||||
||||Exeter|||||
||||EX1 1QA|||||
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|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
||Note|2021
f|2021
6|2021f|2020
8|
|INCOME FROM:||||||
|Donations
and legacies|2|525,130|177,082|702,212|350,791|
|Charitable
activities|5||502,385|502,385|1,061,949|
|Other trading
activities|3||12,522|12,522|64,179|
|Investments|4||1,776|1,776|3,806|
|TOTAL INCOME||525,130|693,765|1,218,895|1,480,725|
|EXPENDITURE ON:||||||
|Raising funds:||||||
|Voluntary
income|||10,780|10,780|58,433|
|Investment
management|||1,000|1,000|1,109|
|Charitable
activities:||||||
|Service delivery|7|405,174|685,385|1,090,559|1,393,773|
|Governance|10||6,929|6,929|7,450|
|TOTAL EXPENDITURE||405,174|704,094|1,109,268|1,460,765|
|NET INCOME
/ (EXPENDITURE) BEFORE||||||
|INVESTMENT GAINS/(LOSSES)||119,956|(10,329)|109,627|19,960|
|Net gains/(losses)
on investments|14||28,962|28,962|(14,442)|
|NET INCOME BEFORETRANSFERS||119,956|18,633|138,589|5,518|
|Transfers between
Funds|19|(466,917)|466,917|||
|NET INCOME
/ (EXPENDITURE)||(346,961)|485,550|138,589|5,518|
|NET MOVEMENT
IN FUNDS||(346,961)|485,550|138,589|5,518|
|RECONCILIATION
OF FUNDS:||||||
|Total funds brought
forward||375,655|414,630|790,285|784,767|
|||28,694|900,180|928,874|790,285|
|TOTAL FUNDS CARRIED FORWARD||||||
##
|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||6||E|
|FIXEDASSETS|||||||
|Tangible assets||13||698,608||407,401|
|Investments||14||153,595||124,312|
|||||852,203||531,713|
|CURRENT ASSETS|||||||
|Debtors||15|85,752||100,395||
|Cash at bank and|in hand||177,617||308,895||
||||263,369||409,290||
|CREDITORS: amounts||falling due within|||||
|one year||16|(92,111)||(50,718)||
|NET CURRENT ASSETS||||171,258||358,572|
|TOTAL ASSETS LESS||CURRENT LIABILITIES||1,023,461||890,285|
|CREDITORS: amounts||falling due after|||||
|more than one year||17||(94,587)||(100,000)|
|NET ASSETS||||928,874||790,285|
|CHARITY FUNDS|||||||
|Restricted funds||19||28,694||375,655|
|Unrestricted
funds||19||900,180||414,630|
|TOTAL FUNDS||||928,874||790,265|
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|F||
|Cash flows from operating||activities||||||
|Net cash|provided
by operating
activities||||21|184,129|91,240|
|Cash flows from investing||activities:||||||
|Dividends,|interest and rents|from investments||||1,776|3,806|
|Proceeds|from the sale oftangible fixed||assets|||6,133||
|Purchase|oftangible
fixed assets|||||(322,994)|(3,103)|
|Proceeds|from sale of investments|||||1,000|1,109|
|Purchase|of investments|||||(1,322)|(1,432)|
|Net cash|(used in)/provided|by investing||activities||(315,407)|380|
|Cash flows from financing||activities:||||||
|Cash inflows from new borrowing|||||||100,000|
|Net cash|provided
by financing
activities||||||100,000|
|Change|in cash and cash|equivalents|in|the year||(131,278)|191,620|
|Cash and cash equivalents||brought
forward||||308,895|117,275|
|Cash and cash equivalents||carried forward|||22|177,617|308,895|
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|The Trustees are very grateful to|the following|the following|the following|organisations|that have provided|grants:||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||6|6|
|Age UK||||||72,789|27,409|
|Belsize Trust||||||880|3,600|
|Bernard Sunley Foundation||||||15,000||
|Citizens Advice Bureau||||||11,212||
|Clare Milne Trust|||||||8,000|
|Clothworkers
Foundation||||||10,000||
|David Gibbons Foundation|||||||1,500|
|Devon Community
Foundation||||||7,419|25,000|
|Devon Community
Foundation - Wellbeing|||Exeter|||96,779|75,807|
|Devon County Council - Reaching|People||Pilot||||1,801|
|Devon County Council - Dementia|Support||Grant||||1,000|
|Devon County Council - COVID response|||and|infection control||10,513||
|The ExPat Foundation|||||||15,000|
|Edward Gostling
Foundation||||||10,000||
|Exeter City Council - COVID-19||||||74,431|3,000|
|Exeter City Council - West Exe Centre||||||5,000|11,200|
|Exeter City Council Ward grant|||||||300|
|The Frognal Trust|||||||1,000|
|Government
furlough
scheme|||||130,029||2,889|
|Innovations
in Dementia (DEEP network)||||||907||
|Jamieson
Bystock Trust||||||3,000||
|The McClay Dementia
Trust|||||||14,000|
|The National
Lottery Community|Fund||||167,080||10,000|
|The Pargiter Trust|||||||25,000|
|Persimmon
Charitable
Foundation||||||2,000||
|The Phoebe Wortley-Talbot
Charitable||Trust||||18,333|62,500|
|Western Power Distribution||||||750||
|The Winham
Foundation|||||||3,000|
|J5 M Wooton Charitable
Trust||||||2,500||
|OPCC - Victim Care Support||||||3,000|2,959|
|Total|||||641,622||294,965|
##
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##
##
|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021|2021|2021|2020|
|||||E|6|6|5|
|Income from|property||lettings||||1,120|
|Income from|UK listed||investments||1,322|1 322|1,432|
|Bank interest|received||||454|454|1,254|
||||||1,776|1,776|3,806|
|Total 2020|||||3,806|3,806||
|INCOME FROM CHARITABLE ACTIVITIES||||||||
|||||Restricted|Unrestricted|Total|Total|
|||||funds|funds|funds|funds|
|||||2021|2021|2021|2020|
||||||5|5|F|
|Day opportunities|||||116,592|116,592|518,597|
|Community|support|services|||330,540|330,540|475,128|
|Advice, information||and advocacy|||55,253|55,253|68,224|
||||||502,385|502,385|1,061,949|
|Total 2020|||||1,061,949|1,061,949||
##
##
|COSTS OF RAISING FUNDS|||||
|---|---|---|---|---|
||Restricted|Unrestricted|Total|Total|
||funds|funds|funds|funds|
||2021|2021|2021|2020|
||E|6|5||
|Expenses||652|652|24,828|
|Staff costs||10,128|10,128|33,605|
|||10,780|10,780|58,433|
|Total 2020||58,433|58,433||
##
##
##
##
|ANALYSIS|OF EXP|ENDITURE B|YACTIVITIE|S||||
|---|---|---|---|---|---|---|---|
|||||Direct|Support|||
|||||costs|costs|Total|Total|
|||||2021|2021|2021|2020|
|||||E|6||6|
|Day opportunities||||235,351|130,179|365,530|666,169|
|Community|support|services||454,777|189,145|643,922|651,072|
|Advice, information||and advocacy||57,331|23,776|81,107|76,532|
|Total2021||||747,459|343,100|1,090,559|1,393,773|
|Total2020||||1,048,880|344,693|1,393,773||
|DIRECT COSTS||||||||
||||||Advice,|||
||||Day|Community|information|||
||||opportun-|support|and|Total|Total|
||||ities|services|advocacy|2021|2020|
||||6|6|6|6||
|Expenses|||795|12,973|140|13,908|50,441|
|Operating
costs|||4,610|630|174|5,414|33,964|
|Catering expenses|||21|||21|27,652|
|Day care meals subsidy|||||||215|
|Central costs|||1,432|863|363|2,658|6,889|
|Fundraising|||||||1|
|Premises|||16,903|3,614|1,104|21,621|43,500|
|Maintenance|||2,677|516|90|3,283|9,303|
|Bad debts||||511||511|1,559|
|Training|||605|482||1,087|1,069|
|Wages and|salaries||195,840|406,840|51,511|654,191|805,627|
|National
insurance|||5,300|14,649|1,851|21,800|30,524|
|Pension cost|||4,826|13,699|2,098|20,623|26,716|
|Depreciation|||2,342|||2,342|11,420|
||||235,351|454,777|57,331|747,459|1,048,880|
|Total 2020|||488,402|501,438|59,040|1,048,880||
##
##
##
##
|SUPPORT|COS|TS||||||
|---|---|---|---|---|---|---|---|
||||||Advice,|||
||||Day|Community|information|||
||||opportun-|support|and|Total|Total|
||||itiesf|servicesf|advocacyf|2021f|2020|
|Expenses||a|264|509|64|837|6,875|
|Operating|costs|a|1,797|3,474|438|5,709|10,514|
|Central costs||a|13,232|25,576|3,224|42,032|33,584|
|Premises||b|26,118|6,873|701|33,692|35,824|
|Maintenance||c|10,844|2,090|364|13,298|12,739|
|Financial||a|148|287|36|471|795|
|Training||a|170|327|41|538|2,652|
|Wages and||||||||
|salaries||a|61,525|118,926|14,990|195,441|213,096|
|National||||||||
|insurance||a|4,519|8,735|1,101|14,355|11,754|
|Pension cost||a|4,223|8,163|1,029|13,415|8,709|
|Depreciation||a|7,339|14,185|1,788|23312|8,251|
||||130,179|189,145|23,776|343,100|344,893|
|Total 2020|||177,767|149,634|17,492|344,893||
##
|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021
f|2021
f|2021
F|2020f|
|Auditors'|remuneration||3,840|3,840|3,510|
|Wages|and salaries||3,089|3,089|3,940|
||||6,929|6,929|7,450|
##
##
##
##
##
##
##
##
|13.|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|---|
||||Short Term||||
|||Freehold|Leasehold|Motor|Fixtures and|Office|
|||property|Property|vehicles|fittings|equipment|
|||E|6|F|E|E|
||COST||||||
||At 1 Apdl 2020|371,'712|57,665|8,637|40,113|16,567|
||Additions|299,939|||1,987|21,068|
||Disposals||(57,665)||(800)||
||At 31 March 2021|671,651||8,637|41,300|37,635|
||DEPRECIATION||||||
||At 1 April 2020||38,185|2,159|37,578|9,371|
||Charge for the year|||2,159|1,186|8,612|
||On disposals||(38,185)||(450)||
||At 31 March 2021|||4,318|38,314|17,983|
||NET BOOK VALUE||||||
||At 31 March 2021|671,651||4,319|2,986|19,652|
||At 31 March 2020|371,712|19,480|6,478|2,535|7,196|
|||||||Total|
||COST||||||
||At 1 April 2020|||||494,694|
||Additions|||||322,994|
||Disposals|||||(58,465)|
||At 31 March 2021|||||759,223|
||DEPRECIATION||||||
||At 1 Ap5l 2020|||||87,293|
||Charge for the year|||||11,957|
||On disposals|||||(38,635)|
||At 31 March 2021|||||60,615|
||NET BOOK VALUE||||||
||At 31 March 2021|||||698,608|
||At 31 March 2020|||||407,401|
##
##
|FIXEDASSET INVESTMENTS||
|---|---|
||Listed|
||securrtras|
||E|
|MARKET VALUE||
|At 1 April 2020|124,312|
|Additions|1 322|
|Disposals|(1,000)|
|Revaluations|28,961|
|At 31 March 2021|153,595|
|HISTORICAL COST|126,346|
|MATERIAL
INVESTMENTS|MATERIAL
INVESTMENTS||||||
|---|---|---|---|---|---|---|
||||||31 March|31 March|
||||||2021|2020|
||||||6|E|
|Hawksmoor
Vanburgh|||||30,749|26,604|
|Hawksmoor
Distribution|||||32,725|26,247|
|Hawksmoor
Opportunities|||||37,425|25,389|
|Fundsmith
Equity LLP|||||9,449|7,707|
|Cash held as part ofinvestment||porffolio|||3,048|7,459|
|All investments
are held|in the|United|Kingdom.||||
|DEBTORS|||||||
||||||2021|2020|
|Debtors arising from operations|||||70,693|92,104|
|Amounts
owed by undertakings||in which the company||has a|||
|participating
interest||||||2,780|
|Legacies due|||||8,863||
|Other debtors|||||3,318|2,888|
|Prepayments
and accrued income|||||2,878|2,623|
||||||85,752|100,395|
##
##
##
|CREDITORS: AMOUN||TS|FALLING D|UE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||5|6|
|Social investment
loan|||||5,413||
|Creditors
arising from|operations||||7,622|7,116|
|Other taxation
and social|||security||26,700|22,892|
|Pension contributions|payable||||4,802|5,976|
|Accruals and deferred||income|||47,574|14,734|
||||||92,111|50,718|
|CREDITORS: AMOUNTS|||FALLING DUE AFTER MORE THAN ONE YEAR||||
||||||2021f|2020|
|Social investment
loan|||||94,587|100,000|
|Included
within the above|||are amounts|falling due as follows:|||
||||||2021|2020|
||||||6||
|BETWEEN ONE AND||TWO YEARS|||||
|Social investment
loan|||||22,689|22,270|
|BETWEEN TWO AND||FIVEYEARS|||||
|Social investment
loan|||||71,898|77,730|
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|Financial|assets measured||at amortised cost||260,491|405,599|
|Financial|liabilities|measured|at amortised|cost|150,812|117,758|
##
##
##
##
|STATEMENT OF|FUNDS|- CURRENT YE|AR|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at|||Transfers|Gains/|31 March|
|||1 April 2020|Income|Expenditure|in/out|(Losses)|2021|
||||6|6|6|6||
|DESIGNATED FUNDS||||||||
|Fixed Assets||163,809|||434,799||598,608|
|GENERAL FUNDS||||||||
|General Funds||250,821|693,765|(704,094)|32,118|28,962|301,572|
|Total Unrestricted|funds|414,630|693,765|('704,094)|466,917|28,962|900,180|
|RESTRICTED FUNDS||||||||
|Sycamores
Fund||243,592|||(243,592)|||
|Capital Projects||103,000|125,000||(199,939)||28,061|
|Dementia
Carer Support||18,500|11,372|(29,872)||||
|Hardship
and Amenity||563|500|(430)|||633|
|Furlough
scheme|||130,029|(130,029)||||
|Infection control and||||||||
|COVID safety|||10,254|(10,254)||||
|Information/Advice|||25,388|(25,388)||||
|Men in Sheds||10,000|22,376|(32,376)||||
|Merger and relocation|||80,580|(57,194)|(23,386)|||
|Social Support|||14,827|(14,827)||||
|Supporting
Victims of||||||||
|Crime|||3,000|(3,000)||||
|We8being Exeter|||96,804|(96,804)||||
|West Exe Centre|||5,000|(5,000)||||
|||375,655|525,130|(405,174)|(466,917)||28,694|
|Total offunds||790,285|1,218,895|(1,109,268)||28,962|928,874|
|STATEII/IENT OF FUNDS||- PRIOR YEAR||||||
||||||||Balance at|
|||Balance at|||Transfers|Gains/|31 March|
|||1 April 2019|Income|Expenditure|in/out|(Losses)|2020|
|||F|E|F|||E|
|DESIGNATED FUNDS||||||||
|Fixed Assets||180,377|||(16,568)||163,809|
|Service Support|Fund|85,000|||(85,000)|||
|||265,377|||(101,568)||163,809|
|General
Funds||257,699|1,210,850|(1,304,854)|101,568|(14,442)|250,821|
##
##
##
|19.
STATEMENT OF FU|NDS (continue|d)||||
|---|---|---|---|---|---|
|RESTRICTED FUNDS||||||
|Sycamores
Fund|243,592||||243,592|
|Budding
Friends||25,638|(7,138)||18,500|
|Capital Projects||103,000|||103,000|
|Community
Activities||368|(368)|||
|Dementia
Day Service||360|(360)|||
|East Exe Day Senrice||234|(234)|||
|Hardship
and Amenity||530|(78)||563|
|Furlough
scheme||2,889|(2,889)|||
|Information/Advice||2,195|(2,195)|||
|Men in Sheds||37,921|(27,921)||10,000|
|Reach Fund|10,296||(10,296)|||
|Reaching People||1,801|(1,801)|||
|Social Support|5,000|3,044|(8,044)|||
|Supporting
Victims of||||||
|Crime|2,692|2,959|(5,651)|||
|Wellbeing
Exeter||76,536|(76,536)|||
|West Exe Centre||12,400|(12,400)|||
||261,691|269,875|(155,911)||375,655|
|Total offunds|784,767|1,480,725|(1,460,765)|(14,442)|790,285|
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at|||Transfers|Gains/|31 March|
|||1 April 2020
5|Income
6|Expenditure|in/outf|(Losses)
F|2021
5|
|Designated|funds|163,809|||434,799||598,608|
|General funds||250,821|693,765|(704,094)|32,118|28,962|301,572|
|||414,630|693,765|(704,094)|466,917|28,962|900,180|
|Restricted|funds|375,655|525,130|(405,174)|(466,917)||28,694|
|||790,285|1,218,895|(1,109,268)||28,962|928,874|
##
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|||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2021|
|||||6|E|E|
|Tangible fixed assets|||||698,608|698,608|
|Fixed|asset investments||||153,595|153,595|
|Current assets||||28,694|234,675|263,369|
|Creditors due within one year|||||(92,111)|(92,111)|
|Creditors due in more than||one year|||(94,587)|(94,587)|
|||||28,694|900,180|928,874|
|ANALYSIS OF NET ASSETS BETWEEN|||FUNDS - PRIOR YEAR||||
|||||Restricted|Unrestricted|Total|
|||||funds|funds|funds|
|||||2020|2020|2020|
||||||6|E|
|Tangible fixed assets||||243,592|163,809|407,401|
|Fixed|asset investments||||124,312|124,312|
|Current assets||||132,063|277,227|409,290|
|Creditors due within one year|||||(50,718)|(50,718)|
|Creditors due in more than||one year|||(100,000)|(100,000)|
|||||375,655|414,530|790,285|
|21.|RECONCILIATION|OF NET MOVEMENT||IN FUNDS TO NET CASH FLOW FROM OPERATING|||
||ACTIVITIES||||||
||||||2021|2020|
|||||||6|
||Net income for the year (as per Statement|||of Financial Activities)|138,589|5,518|
||Adjustment
for:||||||
||Depreciation
charges||||11,957|19,571|
||(Gains)/losses
on investments||||(28,961)|14,442|
||Dividends,
interest and rents from||investments||(1,776)|(3,806)|
||Decrease
in debtors||||14,643|64,863|
||Increase/(decrease)|in creditors|||35,980|(9,448)|
||Loss on disposal of|fixed assets|||13,697||
||Net cash provided|by operating|activities||184,129|91,240|
##
##
|ANAL|YSIS OF CASH AND CASH EQUIVALENTS|||
|---|---|---|---|
|||2021|2020|
|||E||
|Cash|in hand|600|1,080|
|Notice|deposits (less than 3months)|177,017|307,815|
|Total||177,617|308,895|
##
||||Land and buildings|Land and buildings||Other|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||6|||F|
|AMOUNTS||PAYABLE:|||||
|Within|1 year|||2,900|||
##