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 2022
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 2022
| 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 2022
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 2022. 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 and values
Key Enterprises' goal is to provide appropriate, 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 three aims that we work towards:
-
Improving skills and providing opportunity - Delivering supported activities for service users to develop new skills or maintain existing ones in a practical setting.
-
reducing isolation - Offer a supportive, dignified space where people feel comfortable and valued, provide opportunities for social participation and widen horizons with new experiences, and
-
improved 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 user need.
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 2022
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 2022-23 the company will:
-
a) Continue to raise awareness of the company's services and ensure all relevant referring bodies are continually aware of our changing service offer;
-
b) maintain robust management processes, policies and procedures are in place to effectively enable the company to operate safely;
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c) ensure that access to the provided services is maximised, services remain fit-for-purpose and provide quality outcomes; and
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d) ensure that the Company is well placed to thrive following the effects of 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
The Company has successfully navigated the pandemic so far and is now delivering services on par with those in March 2019. Biosecurity demands and social distancing precluded an appropriate catering service being sustained and the facility has yet to reopen. A review of options to meet the social and nutritional aspects of daily food is underway with a likely resumption of an independent living skills and nutritional offer in 2023.
Some additional Infection Prevention and Control (IPC) measures remain in place in order to comply with current best practice for the control of all infectious diseases. These measures will be reviewed in an ongoing manner and steps taken to modify or add elements as per public health guidance.
Page 2
KEY ENTERPRISES (1983) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
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 50. There exists some additional capacity. Efforts are ongoing to maximise uptake of these places. K|E offers a service which gives excellent value, is impactful and is well regarded by service users and referrers 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, although the new Framework of services will allow K|E, and a limited number of providers to implement a full review of it's fees.
Relationships with local Commissioning Managers are positive with regular dialogue around service delivery, capacity and outcomes.
General
As the restrictive operational environment eased the Company took the opportunity to review its future service delivery 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 has being initiated, developing and expanding on the social, sporting, and community activities which are currently offered to service users by incorporating a rolling programme of cultural, creative and educational activities. This curated, service-user led offer has been well received with new and existing service users and provides additional opportunities providing positive, meaningful outcomes as well as demonstrating to stakeholders our willingness to move forward when considering how to meet the future needs of beneficiaries.
Additionally, when the Company resumed a full service in September 2021 all service users were consulted on their attendance with the aim of placing them in the working department that met their needs. This review lead to full 5-day operations and all full-time staff moved to 37.5 hour working weeks thus increasing capacity and providing additional, flexible opportunities for service users. Limits on staff to service user ratios were reviewed and capped at 6 to ensure safety and effective delivery both balanced and reflective of the needs of current service users.
This period has seen some staffing challenges as a result of the ongoing impact of Covid-19. The Company has responded with the development of a bank of Cover Supervisors and we aim to have 4-6 staff to call on to cover for sickness and annual leave as simply covering from within our existing staff pool was unsustainable with changes to ratios.
Despite the challenges and changes to the composition of the staff team the Company has adapted well to the post-restriction environment and the coming period represents an opportunity to revisit aspirational elements of our business plan such as the development of a service for women and the resumption of out of area referrals.
Page 3
KEY ENTERPRISES (1983) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
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 £26,155. This policy will be reviewed from time to time.
At the end of 2021-22, the net current assets balance at some £104,621. Indications are that the company will be able to sustain a general reserve of £26,155 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 of this reserve is £32,000.
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 2021-22 the company incurred a deficit of £13,375 on total income of £329,654.
The underlying position for the year was £358,574 in reserves.
FUTURE PLANS
Planned future financial position
The financial outlook for 2022-23 does not give any immediate grounds for concern. It is a long-term aspiration of the company to review its charging policy to ensure commercial revenue is for reinvestment rather than being relied on to cover operational costs. Work on this change will place the Company on a firm financial footing and will take place during the coming year.
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 remains problematic. However the current trustees will endeavour to engage at least one new trustees for the charity in each of the next four years.
Page 4
KEY ENTERPRISES (1983) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT 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 qualified Finance Officer to provide effective financial administration of the Company.
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
Trustees
Peter John Andrew chairperson Maggie Wakeley deputy chairperson Jane Gallagher resigned 24 May 2021 Anoop Puri Elizabeth Liddle
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
Page 5
KEY ENTERPRISES (1983) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS
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 ............................................. 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 2022.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
-
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
Date: .............................................
Page 7
KEY ENTERPRISES (1983) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 696 Charitable activities Operation of day service 284,507 Grant income 5,000 Other trading activities 3 25,523 Other income 13,928 Total 329,654 EXPENDITURE ON Raising funds 5 12,322 Charitable activities 6 Training 2,633 Activities expenses and equipment 7,200 Staff costs 263,150 Premises and overhead costs 56,287 Grant income 1,437 Total 343,029 NET INCOME/(EXPENDITURE) (13,375) RECONCILIATION OF FUNDS Total funds brought forward 371,949 TOTAL FUNDS CARRIED FORWARD 358,574 |
2021 Total funds £ 608 282,983 11,152 11,999 87,019 |
|---|---|
| 393,761 | |
| 6,492 1,186 7,240 238,429 63,029 - |
|
| 316,376 | |
| 77,385 294,564 |
|
| 371,949 |
The notes form part of these financial statements
Page 8
KEY ENTERPRISES (1983) LIMITED
BALANCE SHEET 31 MARCH 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 13 253,953 CURRENT ASSETS Stocks 14 3,300 Debtors 15 15,721 Cash at bank and in hand 100,118 119,139 CREDITORS Amounts falling due within one year 16 (14,518) NET CURRENT ASSETS 104,621 TOTAL ASSETS LESS CURRENT LIABILITIES 358,574 NET ASSETS 358,574 FUNDS 17 Unrestricted funds 358,574 TOTAL FUNDS 358,574 |
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 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 2022
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 ............................................. 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 2022
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 2022
| 2. DONATIONS AND LEGACIES Donations 3. OTHER TRADING ACTIVITIES Sales 4. INCOME FROM CHARITABLE ACTIVITIES Operation of day service £ Placements 284,507 Grants - 284,507 Grants received, included in the above, are as follows: The Edward Gostling Foundation Crowdfunder Ltd |
Grant income £ - 5,000 5,000 |
2022 £ 696 2022 £ 25,523 2022 Total activities £ 284,507 5,000 289,507 2022 £ 5,000 - 5,000 |
2021 £ 608 2021 £ 11,999 2021 Total activities £ 282,983 11,152 294,135 2021 £ 10,500 652 11,152 |
|---|---|---|---|
continued...
Page 12
KEY ENTERPRISES (1983) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
5. RAISING FUNDS
Other trading activities
| Opening stock Purchases Closing stock 6. CHARITABLE ACTIVITIES COSTS Training Activities expenses and equipment Staff costs Premises and overhead costs Grant income 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) £ 2,633 7,200 127,854 46,557 - 184,244 |
2022 £ 3,692 11,930 (3,300) 12,322 Support costs (see note 8) £ - - 135,296 9,730 1,437 146,463 2022 £ 127,285 1,789 2,633 5,411 30,283 5,492 4,431 6,920 184,244 |
2021 £ 3,430 6,754 (3,692) 6,492 Totals £ 2,633 7,200 263,150 56,287 1,437 330,707 2021 £ 135,524 1,929 1,186 6,939 29,768 6,381 7,457 6,738 195,922 |
|---|---|---|---|
continued...
Page 13
KEY ENTERPRISES (1983) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
8. SUPPORT COSTS
| Governance Management costs £ £ Staff costs 135,296 - Premises and overhead costs 7,805 1,925 Grant income 1,437 - 144,538 1,925 Support costs, included in the above, are as follows: 2022 Premises and Staff overhead Grant Total costs costs income activities £ £ £ £ Wages 123,770 - - 123,770 Social security 6,992 - - 6,992 Pensions 4,039 - - 4,039 Motor and travelling expenses - - - - Legal and professional - 2,142 - 2,142 Printing postage stationery and telephone - 3,193 - 3,193 Other costs 495 2,106 - 2,601 Grant repaid - - 1,437 1,437 Depreciation of tangible and heritage assets - 364 - 364 Accountancy and Independent Examiner's fee - 1,925 - 1,925 135,296 9,730 1,437 146,463 |
Totals £ 135,296 9,730 1,437 146,463 2021 Total activities £ 91,862 6,020 3,934 20 4,743 3,916 1,212 - 355 1,900 113,962 |
|---|---|
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Accountancy and Independent Examiner's fee | 1,925 | 1,900 |
| Depreciation - owned assets | 7,283 | 7,093 |
| Surplus on disposal of fixed assets | (267) | - |
continued...
Page 14
KEY ENTERPRISES (1983) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
11. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2022 £ 237,235 14,133 10,718 262,086 |
2021 £ 213,844 12,433 11,063 |
|---|---|---|
| 237,340 |
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 £79,058 (2021 - £72,459).
The average monthly number of employees during the year was as follows:
12.
| 2022 | 2022 | 2021 |
|---|---|---|
| Supervisors | 5 | 7 |
| Cover supervisors | 5 | - |
| Administration | 1 | 2 |
| Managers | 3 | 2 |
| 14 | 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 | 608 | |
| Charitable activities | ||
| Operation of day service | 282,983 | |
| Grant income | 11,152 | |
| Other trading activities | 11,999 | |
| Other income | 87,019 | |
| Total | 393,761 |
Page 15
continued...
KEY ENTERPRISES (1983) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| EXPENDITURE ON Raising funds Charitable activities Training Activities expenses and equipment Staff costs Premises and overhead costs Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13. TANGIBLE FIXED ASSETS COST At 1 April 2021 Additions At 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 |
Long leasehold £ 367,359 - 367,359 116,275 4,735 121,010 246,349 251,084 |
Unrestricted fund £ 6,492 1,186 7,240 238,429 63,029 316,376 77,385 294,564 371,949 Plant and machinery Totals £ £ 126,261 493,620 3,105 3,105 129,366 496,725 119,214 235,489 2,548 7,283 121,762 242,772 7,604 253,953 7,047 258,131 |
|---|---|---|
Page 16
continued...
KEY ENTERPRISES (1983) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 14. STOCKS Raw materials 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 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 1/4/21 £ Unrestricted funds General fund 371,949 TOTAL FUNDS 371,949 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 329,654 TOTAL FUNDS 329,654 |
2022 2021 £ £ 3,300 3,692 2022 2021 £ £ 11,904 2,117 3,817 3,094 15,721 5,211 2022 2021 £ £ 5,416 3,843 4,507 4,448 190 1,001 1,620 2,361 2,785 2,793 14,518 14,446 Net movement At in funds 31/3/22 £ £ (13,375) 358,574 (13,375) 358,574 Resources Movement expended in funds £ £ (343,029) (13,375) (343,029) (13,375) |
|---|---|
continued...
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KEY ENTERPRISES (1983) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/20 | in funds | 31/3/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 294,564 | 77,385 | 371,949 |
| TOTAL FUNDS | 294,564 | 77,385 | 371,949 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 393,761 | (316,376) | 77,385 |
| TOTAL FUNDS | 393,761 | (316,376) | 77,385 |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1/4/20 | in funds | 31/3/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 294,564 | 64,010 | 358,574 |
| TOTAL FUNDS | 294,564 | 64,010 | 358,574 |
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 £ 723,415 723,415 |
Resources Movement expended in funds £ £ (659,405) 64,010 (659,405) 64,010 |
|---|---|---|
continued...
Page 18
KEY ENTERPRISES (1983) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
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 2022
| 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 |
2022 £ 696 25,523 284,507 5,000 289,507 267 13,661 13,928 329,654 3,692 11,930 (3,300) 12,322 113,465 7,141 6,679 1,789 2,633 5,411 30,283 5,492 4,431 4,498 181,822 |
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 |
|---|---|---|
This page does not form part of the statutory financial statements
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KEY ENTERPRISES (1983) LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 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 Grant repaid Long leasehold Plant and machinery Governance costs Accountancy and Independent Examiner's fee Total resources expended Net (expenditure)/income |
2022 £ 181,822 2,422 184,244 123,770 6,992 4,039 - 2,142 3,193 2,601 1,437 237 127 144,538 1,925 343,029 (13,375) |
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 |
This page does not form part of the statutory financial statements
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