**REGISTERED COMPANY NUMBER: 01774738 (England and Wales) REGISTERED CHARITY NUMBER: 1011012**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR**
**KEY ENTERPRISES (1983) LIMITED**
Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
**KEY ENTERPRISES (1983) LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 6|
|**Independent Examiner's Report**|7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9 to 10|
|**Notes to the Financial Statements**|11 to 19|
|**Detailed Statement of Financial Activities**|20 to 21|
## **KEY ENTERPRISES (1983) LIMITED**
## **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 Objectives and aims Mission**
Key Enterprises' goal is to provide appropriate, high quality, fulfilling supported activities to the greatest number of people with mental health problems, learning disabilities or acquired brain injuries in the North East of England.
We have 3 aims that we work towards:
1. Improving skills and providing opportunity - Delivering supported activities for service users to develop new skills or maintain existing ones in a practical setting.
2. Reducing isolation - Offer a supportive, dignified space where people feel comfortable and valued, provide opportunities for social participation and widen horizons with new experiences.
3. Increasing wellbeing - Contribute towards the greater wellbeing of service users by providing a quality service and linking up with partner organisations to provide specialist support for identified needs.
We exist to positively engage with anyone who can benefit from our services. Our purpose is to ensure we provide effective services that are:
Person Centred - Meeting the individual needs of anyone accessing Key Enterprises
Responsive - Being fit for purpose, valued and driven by service users.
Transparent - Ensuring stakeholders know, feel part of and understand how we operate.
Accessible - Maximising awareness of Key Enterprises amongst the wider community.
Through our mission and values, we aim to build a culture of excellence and make Key Enterprises a leading supported activity service provider within the North East for people with mental health problems, learning disabilities or acquired brain injuries.
Page 1
**KEY ENTERPRISES (1983) LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **OBJECTIVES AND ACTIVITIES**
## **Significant activities**
The principal activities undertaken by the company to deliver its objectives are:
a) the provision of supported activities for service users with learning disabilities and acquired brain injuries together with community-based activities and structured physical and social activities both within our premises and in other community settings elsewhere; and
b) support as above to people who are suffering mental health problems. Our service users also benefit from developing skills and ongoing support enabling them to lead more fulfilled lives.
To deliver these activities in 2021-22 the company will:
- a) Continue to raise awareness of the company's services and ensure all relevant referring bodies are continually aware of our service offer;
- b) Ensure robust management processes, policies and procedures are in place to effectively enable the company to operate safely,
- c) Ensure that access to the provided services is maximised, services remain fit-for-purpose and provide quality outcomes,
- d) Ensure that the Company remains agile enough to deliver necessary services within the restricted environment imposed by COVID-19.
## **Public benefit**
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Going concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
## **Review of activities**
Despite the impact of the measures put in place to combat the Covid-19 pandemic the Company has managed to maintain all the activities for service users which were in prior to the outbreak, with the exception of the catering and meals provision. Biosecurity demands and social distancing precluded an appropriate catering service being sustained and the facility has yet to reopen. It is expected to do so in the near future on the appointment of a new member of staff.
Some remaining infection control measures in place to meet public health guidance mean that the service is currently working a little below its full potential but when future guidance indicates that all controls can be lifted there should be no difficulties in returning to the pre-pandemic levels of activity.
Whilst not related to the pandemic second period of lockdown was used to review services and it was decided to discontinue the Furniture Restoration department as a result of waning interest from service users. In its place a formal Activities Service is being initiated, developing and expanding on the social, sporting and community activities which are currently offered to service users.
Page 2
**KEY ENTERPRISES (1983) LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **ACHIEVEMENT AND PERFORMANCE**
## **Service user numbers**
Despite the disruption to operational practices caused by the management of the Covid 19 outbreak, the company has remained financially and organisationally stable and continues to support a consistent level of active service users. The number of regularly attending service users currently stands at 54. There exists some additional capacity. Efforts are ongoing to maximise uptake of these places. K|E offers a service which offers excellent value, is impactful and is well regarded by service users to refer and referrers so the so any spare capacity should be taken up before long
There remains ongoing uncertainty about the impact of the North Tyneside Council financial assessments on our service users, a process that appeared to accelerate during 'lockdown', though presently no negative effects have been felt within the Company.
Local Authority referrers have recognised the additional work K|E was encountering with many of their service users with more complex needs and have accepted an additional £10.00 stipend for all new forensic case referrals.
## **Covid 19**
The rise in cases of Covid-19 during the springtime led to K|E closing as a day service on 24th March 2020. The closure was planned to enable a transition to delivering remote support where our service users were telephone or video called at a frequency of their choosing throughout lockdown. These calls were a lifeline to our service users during an incredibly unsettling time; throughout the period over 4,000 calls were made by K|E staff.
Our COVID 19 response also included taking a lead role in the sectors plans for reopening of day services across North Tyneside, sharing planning and risk assessments with other services and working closely with Commissioners, Public Health and Social Care professionals.
We remodelled sections of our building and invested heavily in PPE and the necessary equipment to make sure we to make us COVID 19 secure. We reopened our provision on 24th August 2020 but with a reduced capacity and staff cohorts in place to maintain daily bio-secure bubbles.
Following the second major lockdown between January and March 2021 the company re-opened with the earlier levels of biosecurity reinstated and operated at the reduced level until it became possible to begin to operate at a service level only slightly below that in operation before the Covid 19 outbreak began. However, high levels of biosecurity are still being maintained to offer protection to both staff and service users.
To support some of these changes we successfully secured £5,000 in grant funding as well as £700 from a crowdfunding campaign. These funds will be used to provide equipment such as tablets to some service users as a means of enabling virtual face to face contact which we know is so important especially for our most vulnerable service users.
Page 3
**KEY ENTERPRISES (1983) LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **ACHIEVEMENT AND PERFORMANCE**
## **General**
2020-21 saw other positive change at K|E:-
- a) The ongoing development and maintenance of quality, sustainable links with health and social care professionals and commissioners continued with excellent feedback provided on our service.
- b) Delivery of a wide range of service user lead out-of-centre activities including many local and regional trips.
- c) A Local Authority inspection which validated the significant improvement in service and which will provide the blueprint for further improvements as we strive to achieve excellence.
- d) A restructure of non-service delivery roles that led to the recruitment of a qualified Finance Officer and an Administration Officer to better meet the operation needs of the Company.
- e) Ongoing investment in equipment across the Company as part of an equipment replacement schedule to ensure all equipment is safe, up to date and is able to meet the needs of our working departments.
## **FINANCIAL REVIEW**
## **Reserves policy**
The existing policy of the Board is to establish a position where the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the company should have a value equal to a minimum of three months of the resources expended annually. This General Reserve currently broadly equates to £33,000. This policy will be reviewed from time to time.
At the end of 2020-21, the net current assets balance at some £113,818. Indications are that the company will be able to sustain a general reserve of £33,000 from within this sum for the foreseeable future.
The Trustees have recognised that in addition to the General Reserve, needed to protect the stability of the business and conform to Charity Commission guidelines, the company also needs to establish a smaller Development Reserve to enable it to proceed with relevant service developments when the opportunity arises. The target value and terms of operation of this reserve will be defined before the end of 2021-22.
Cash balances not required for working capital purposes are retained in a bank account offering higher interest rates but still offering accessibility if required.
## **Overview**
During 2020-21 the company made a surplus of £77,385 on total income of £393,761.
The underlying position for the year was £371,949 in reserves.
## **FUTURE PLANS**
## **Planned future financial position**
The financial outlook for 2021-22 does not give any immediate grounds for concern. Beyond 31 March 2022, 2022-23 should present no problems financially but in the longer term financial stability of the company will depend on the local authority being able to provide appropriate levels of funding for service users and potential service users.
Additionally, the coming year is likely to generate levels of price inflation (particularly energy) which will need to be tightly monitored.
Page 4
**KEY ENTERPRISES (1983) LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company is constituted under a Memorandum of Association dated 1 December 1983 and is a registered charity number England and Wales - 1011012.
## **Recruitment and appointment of new trustees**
The management of the company is the responsibility of the trustees. Any current trustee is entitled to nominate a prospective trustee, appointments being made by a simple majority of current members at a members' meeting. The trustees hold no shares in the charitable company but each trustee, as a member, is a guarantor of the company to an amount not exceeding £1 in the event of the company winding up.
The recruitment and retention of trustees has over the past few years been problematic. However the current trustees will endeavour to engage at least one new trustees for the charity in each of the next four years.
## **Organisational structure**
The management structure of the company is as follows:
## **The Board of Trustees**
The Board of Trustees gives overall policy and development direction to the company. It sets the top level targets and performance criteria and ensures compliance with the company's Memorandum and Articles of Association and its statutory obligations. It currently meets quarterly. The current Trustees are managing to discharge their responsibilities appropriately but they recognise that people with certain key skills would help give a deeper pool of experience. As a result there will be a drive to recruit a small number of additional Directors over the coming year.
## **The Management Team**
The management of the organisation is comprised of a Chief Executive, Service Manager and Assistant Manager supported by a part-time Finance Officer.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
01774738 (England and Wales)
## **Registered Charity number**
1011012
## **Registered office**
Unit 36 Bellingham Drive North Tyne Industrial Estate Newcastle-upon-Tyne NE12 9SZ
Page 5
**KEY ENTERPRISES (1983) LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **Trustees**
Peter John Andrew chairperson Maggie Wakeley deputy chairperson Jane Gallagher Anoop Puri Heather Peters Elizabeth Liddle
resigned 24 May 2021 resigned 15 December 2020
**Company secretary and trustee** Patrick Kilgallon
**Chief executive** Anthony Robinson
## **Independent Examiner**
Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
## **Bankers**
Unity Trust Bank plc Nine Brindleyplace Birmingham B1 2HB
## **Solicitors**
Hadaway & Hadaway 58 Howard Street North Shields Tyne and Wear NE30 1AL
Approved by order of the board of trustees on 11 December 2021 and signed on its behalf by:
P J Andrew - Trustee
Page 6
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KEY ENTERPRISES (1983) LIMITED**
## **Independent examiner's report to the trustees of Key Enterprises (1983) Limited ('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**
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 Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
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.
Nicholas Liley FCA Institute of Chartered Accountants in England and Wales Read, Milburn & Co North Shields NE30 1AF
20 December 2021
Page 7
**KEY ENTERPRISES (1983) LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021**
|2021
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
608
**Charitable activities**
4
Operation of day service
282,983
Grant income
11,152
Other trading activities
3
11,999
Other income
87,019
**Total**
393,761
**EXPENDITURE ON**
Raising funds
5
6,492
**Charitable activities**
6
Training
1,186
Activities expenses and equipment
7,240
Staff costs
238,429
Premises and overhead costs
63,029
**Total**
316,376
**NET INCOME/(EXPENDITURE)**
77,385
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
294,564
**TOTAL FUNDS CARRIED FORWARD**
371,949|2020
Total
funds
£
3,369
273,081
4,415
50,971
7,867
339,703
29,559
4,459
20,047
232,068
55,977
342,110
(2,407)
296,971
294,564|
|---|---|
The notes form part of these financial statements
Page 8
## **KEY ENTERPRISES (1983) LIMITED**
## **BALANCE SHEET 31 MARCH 2021**
|Notes
**FIXED ASSETS**
Tangible assets
13
**CURRENT ASSETS**
Stocks
14
Debtors
15
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
16
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
**TOTAL FUNDS**|2021
Total
funds
£
258,131
3,692
5,211
119,361
128,264
(14,446)
113,818
371,949
371,949
371,949
371,949|2020
Total
funds
£
261,366
3,430
22,581
21,969
47,980
(14,782)
33,198
294,564
294,564
294,564
294,564|
|---|---|---|
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
- (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.
The notes form part of these financial statements
continued...
Page 9
## **KEY ENTERPRISES (1983) LIMITED**
## **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 11 December 2021 and were signed on its behalf by:
P J Andrew - Trustee
The notes form part of these financial statements
Page 10
**KEY ENTERPRISES (1983) LIMITED**
## **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 2015)', 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.
## **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.
Long leasehold - in accordance with the property Plant and machinery - 25% on reducing balance
## **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.
continued...
Page 11
**KEY ENTERPRISES (1983) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
|**2.**
**DONATIONS AND LEGACIES**
Donations
**3.**
**OTHER TRADING ACTIVITIES**
Sales
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Operation
of day
service
£
Placements
282,983
Grants
-
282,983
Grants received, included in the above, are as follows:
The Edward Gostling Foundation
Crowdfunder Ltd|Grant
income
£
-
11,152
11,152|2021
£
608
2021
£
11,999
2021
Total
activities
£
282,983
11,152
294,135
2021
£
10,500
652
11,152|2020
£
3,369
2020
£
50,971
2020
Total
activities
£
273,081
4,415
277,496
2020
£
4,415
-
4,415|
|---|---|---|---|
|||||
continued...
Page 12
**KEY ENTERPRISES (1983) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **5. RAISING FUNDS**
## **Other trading activities**
|Opening stock
Purchases
Closing stock|2021
£
3,430
6,754
(3,692)
6,492|2020
£
3,250
29,739
(3,430)
29,559|
|---|---|---|
## **6. CHARITABLE ACTIVITIES COSTS**
|Training
Activities expenses and equipment
Staff costs
Premises and overhead costs
**7.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Workshop expenses
Attenders payments and meals
Motor and travelling expenses
Premises costs
Printing postage stationery and telephone
Other costs
Depreciation|Direct
Costs (see
note 7)
£
1,186
7,220
136,217
51,299
195,922|Support
costs (see
note 8)
£
-
20
102,212
11,730
113,962
2021
£
135,524
1,929
1,186
6,939
29,768
6,381
7,457
6,738
195,922|Totals
£
1,186
7,240
238,429
63,029
309,884
2020
£
129,907
5,985
4,459
13,494
27,734
6,527
8,667
6,261
203,034|
|---|---|---|---|
continued...
Page 13
**KEY ENTERPRISES (1983) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **8. SUPPORT COSTS**
|Governance
Management
costs
£
£
Activities expenses and equipment
20
-
Staff costs
102,212
-
Premises and overhead costs
9,830
1,900
112,062
1,900
Support costs, included in the above, are as follows:
2021
Activities
Premises
expenses
and
and
Staff
overhead
Total
equipment
costs
costs
activities
£
£
£
£
Wages
-
91,862
-
91,862
Social security
-
6,020
-
6,020
Pensions
-
3,934
-
3,934
Motor and travelling
expenses
20
-
-
20
Legal and professional
-
-
4,743
4,743
Printing postage
stationery and telephone
-
-
3,916
3,916
Other costs
-
396
816
1,212
Depreciation of tangible
and heritage assets
-
-
355
355
Accountancy and
Independent Examiner's
fee
-
-
1,900
1,900
20
102,212
11,730
113,962|Totals
£
20
102,212
11,730
113,962
2020
Total
activities
£
90,701
6,789
1,422
568
1,180
2,619
4,033
330
1,875
109,517|
|---|---|
## **9. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Accountancy and Independent Examiner's fee
Depreciation - owned assets
Surplus on disposal of fixed assets|2021
£
1,900
7,093
-|2020
£
1,875
6,591
(867)|
|---|---|---|
continued...
Page 14
**KEY ENTERPRISES (1983) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **10. 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.
## **11. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2021
£
213,844
12,433
11,063
237,340|2020
£
211,033
13,003
4,783|
|---|---|---|
|||228,819|
The charity's key management personnel comprise the Trustees and the General and Service Managers. The total employee benefits of the key management personnel were £72,459 (2020 - £71,370).
The average monthly number of employees during the year was as follows:
## **12.**
||2021|2020|
|---|---|---|
|Workshop staff|7|7|
|Administration|2|2|
|Managers|2|2|
||11|11|
|No employees received emoluments in excess of £60,000.|||
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**||
|||Unrestricted|
|||fund|
|||£|
|**INCOME AND ENDOWMENTS FROM**|||
|Donations and legacies||3,369|
|**Charitable activities**|||
|Operation of day service||273,081|
|Grant income||4,415|
|Other trading activities||50,971|
|Other income||7,867|
|**Total**||339,703|
Page 15
continued...
**KEY ENTERPRISES (1983) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
|**12.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES - continued**|**ACTIVITIES - continued**|**ACTIVITIES - continued**|
|---|---|---|---|---|---|
||||||Unrestricted|
||||||fund|
||||||£|
||**EXPENDITURE ON**|||||
||Raising funds||||29,559|
||**Charitable activities**|||||
||Training||||4,459|
||Activities expenses and equipment||||20,047|
||Staff costs||||232,068|
||Premises and overhead costs||||55,977|
||**Total**||||342,110|
||**NET INCOME/(EXPENDITURE)**||||(2,407)|
||**RECONCILIATION OF FUNDS**|||||
||**Total funds brought forward**||||296,971|
||**TOTAL FUNDS CARRIED**|||||
||**FORWARD**||||294,564|
|**13.**|**TANGIBLE FIXED ASSETS**|||||
|||Long||Plant and||
|||leasehold||machinery|Totals|
|||£||£|£|
||**COST**|||||
||At 1 April 2020|367,359||122,403|489,762|
||Additions||-|3,858|3,858|
||At 31 March 2021|367,359||126,261|493,620|
||**DEPRECIATION**|||||
||At 1 April 2020|111,540||116,856|228,396|
||Charge for year|4,735||2,358|7,093|
||At 31 March 2021|116,275||119,214|235,489|
||**NET BOOK VALUE**|||||
||At 31 March 2021|251,084||7,047|258,131|
||At 31 March 2020|255,819||5,547|261,366|
Page 16
continued...
**KEY ENTERPRISES (1983) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
|**14.**
**STOCKS**
Raw materials
**15.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
VAT
Prepayments and accrued income
**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
**17.**
**MOVEMENT IN FUNDS**
At 1/4/20
£
**Unrestricted funds**
General fund
294,564
**TOTAL FUNDS**
294,564
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
393,761
**TOTAL FUNDS**
393,761|2021
2020
£
£
3,692
3,430
2021
2020
£
£
2,117
20,558
-
145
3,094
1,878
5,211
22,581
2021
2020
£
£
3,843
5,566
4,448
3,829
1,001
-
2,361
1,138
2,793
4,249
14,446
14,782
Net
movement
At
in funds
31/3/21
£
£
77,385
371,949
77,385
371,949
Resources
Movement
expended
in funds
£
£
(316,376)
77,385
(316,376)
77,385|
|---|---|
continued...
Page 17
**KEY ENTERPRISES (1983) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **17. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/4/19
£
296,971
296,971|Net
movement
in funds
£
(2,407)
(2,407)|At
31/3/20
£
294,564
294,564|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
339,703
339,703|Resources
Movement
expended
in funds
£
£
(342,110)
(2,407)
(342,110)
(2,407)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/4/19
£
296,971
296,971|Net
movement
in funds
£
74,978
74,978|At
31/3/21
£
371,949
371,949|
|---|---|---|---|
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
**TOTAL FUNDS**|Incoming
resources
£
733,464
733,464|Resources
Movement
expended
in funds
£
£
(658,486)
74,978
(658,486)
74,978|
|---|---|---|
continued...
Page 18
**KEY ENTERPRISES (1983) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **18. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
## **19. ULTIMATE CONTROLLING PARTY**
The charitable company is under the control of the trustees.
Page 19
**KEY ENTERPRISES (1983) LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Sales
**Charitable activities**
Placements
Grants
**Other income**
Gain on sale of tangible fixed assets
Other income
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Opening stock
Purchases
Closing stock
**Charitable activities**
Wages
Social security
Pensions
Workshop expenses
Attenders payments and meals
Motor and travelling expenses
Premises costs
Printing postage stationery and telephone
Other costs
Long leasehold
Carried forward|2021
£
608
11,999
282,983
11,152
294,135
-
87,019
87,019
393,761
3,430
6,754
(3,692)
6,492
121,982
6,413
7,129
1,929
1,186
6,939
29,768
6,381
7,457
4,498
193,682|2020
£
3,369
50,971
273,081
4,415
277,496
867
7,000
7,867
339,703
3,250
29,739
(3,430)
29,559
120,332
6,214
3,361
5,985
4,459
13,494
27,734
6,527
8,667
4,498
201,271|
|---|---|---|
This page does not form part of the statutory financial statements
Page 20
**KEY ENTERPRISES (1983) LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Charitable activities**
Brought forward
Plant and machinery
**Support costs**
**Management**
Wages
Social security
Pensions
Motor and travelling expenses
Legal and professional
Printing postage stationery and telephone
Other costs
Long leasehold
Plant and machinery
**Governance costs**
Accountancy and Independent Examiner's
fee
Total resources expended
**Net income/(expenditure)**|2021
£
193,682
2,240
195,922
91,862
6,020
3,934
20
4,743
3,916
1,212
237
118
112,062
1,900
316,376
77,385|2020
£
201,271
1,763
203,034
90,701
6,789
1,422
568
1,180
2,619
4,033
237
93
107,642
1,875
342,110
(2,407)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 21