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2021-12-31-accounts
| Forthe yearended 31 December 2021 |
|
|
Page |
| Reference and administrative details |
3 - 4 |
| Report ofthe trustees |
5— 11 |
| Independent Auditors report |
12- 14 |
| Statement of financial activities |
15 |
| Balance sheet |
16 |
| Cash flow statement |
17 |
| Notes to the financial statements |
18
- 24 |
|
Note |
2021 |
2021 |
2021 |
2020 |
|
|
Unrestricted |
Restricted |
|
|
|
|
Funds |
Funds |
Total |
Total |
|
|
£ |
£ |
£ |
£ |
| Income |
|
|
|
|
|
| Income and endowments from: |
|
|
|
|
|
| Charitable activities |
2 |
753,587 |
42,500 |
796,087 |
963,984 |
| Investments |
|
7 |
- |
7 |
20 |
| Total Income |
|
753,594 |
42,500 |
796,094 |
964,004 |
| Expenditure |
|
|
|
|
|
| Expenditure on: |
|
|
|
|
|
| Charitable activities |
3 |
484,374 |
25,115 |
509,489 |
927,290 |
| Other |
3 |
201,210 |
- |
201,210 |
181,691 |
| Total Expenditure |
3 |
685,584 |
25,115 |
710,699 |
1,108,981 |
| Net incomel(expenditure) |
|
68,010 |
17,385 |
85,395 |
(144,977) |
| Reconciliation offunds |
|
|
|
|
|
| Funds brought forward at 1 January |
|
339,269 |
12,969 |
352,238 |
497,215 |
| Funds carried forward at 31 December |
10 |
407,279 |
30,354 |
437,633 |
352,238 |
|
Note |
2021 |
2020 |
|
|
£ |
£ |
| Fixed assets: |
|
|
|
| Tangible assets |
5 |
160,746 |
187,774 |
| Total fixed assets |
|
160,746 |
187,774 |
| Currentassets: |
|
|
|
| Debtors |
6 |
149,961 |
145,770 |
| Cash at bank and in hand |
|
552,596 |
417,574 |
| Total currentassets: |
|
702,557 |
563,344 |
| Liabilities |
|
|
|
| Creditors: Amountfalling due within |
|
|
|
| one year |
7 |
(285,670) |
(168,880) |
| Net currentassets |
|
416,887 |
394,464 |
| Creditors: Amount |
|
|
|
| falling due afterone |
|
|
|
| year |
8 |
(140,000) |
(230,000) |
| Total netassets |
|
437,633 |
352,238 |
| The funds ofthe charity |
10 |
|
|
| Restricted income funds |
|
30,354 |
12,969 |
| Unrestricted funds |
|
407,279 |
339,269 |
| Total charityfunds |
|
437,633 |
352,238 |
| Cash fl |
owstatement |
|
|
| Forthe |
year ended 31 December 2021 |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Cash flows from operating activities: |
|
|
|
Netcash provided byl(used in) operating activities |
135,015 |
(24,797) |
|
Cash flows from investing activities: |
|
|
|
Bank interest |
7 |
20 |
|
Purchase of property, plant and equipment |
- |
(83,107) |
|
Net cash provided by/(used in) investing activities |
7 |
(83,087) |
|
Cash flows from financing activities: |
|
|
|
Repayment of loan to parent charity |
- |
- |
|
Change in cash and cash equivalents in the reporting period |
135,022 |
(107,884) |
|
Cash and cash equivalentsat the beginning ofthe reporting period |
417,574 |
525,458 |
|
Cash and cash equivalents atthe end ofthe reporting period |
552,596 |
417,574 |
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Reconciliation of net income to cash flow from operating |
|
|
|
activities |
|
|
|
Net income/(expenditure)forthe yearended 31 December |
85,395 |
(144,977) |
|
Adjustments for: |
|
|
|
Depreciation charges |
27,027 |
28,205 |
|
Bank interest |
(7) |
(20) |
|
(Increase)/decrease in debtors |
(4,191) |
48,185 |
|
Increase in creditors |
26,791 |
43,810 |
|
Netcash provided by/(used in) operating activities |
135,015 |
(24,797) |
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Analysis ofcash and cash equivalents and net debt |
|
|
|
Cash in hand |
552,596 |
417,574 |
|
Total cash and cash equivalents and net debt |
552,596 |
417,574 |
| Othertrading activities |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Rents, hiring and similar |
|
|
| income |
571,832 |
745,816 |
| Service charge income |
141,469 |
183,168 |
| Grant income |
82,786 |
35,000 |
|
796,087 |
963,984 |
|
Grant) |
|
|
|
|
| 3. |
Expenditure |
|
|
|
|
|
|
|
Direct |
2021 |
2020 |
|
|
Depreciation |
Costs |
Total |
Total |
|
|
£ |
£ |
£ |
£ |
|
Charitable activities - centre operations |
27,027 |
482,462 |
509,489 |
927,290 |
|
Other-servicechargeexpenses |
- |
201,210 |
201,210 |
181,691 |
|
|
27,027 |
683,672 |
710,699 |
1,108,981 |
| Tangible fixed assets |
|
|
|
|
|
Leasehold |
Fixtures |
Computer |
Total |
|
Improvements |
and Fittings |
Equipment |
|
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
| AtlJanuary2O2l |
152,485 |
1,549,186 |
181,280 |
1,882,951 |
| Additions |
|
- |
|
|
| Disposals |
- |
- |
- |
- |
| At31 December2021 |
152,485 |
1,549,186 |
181,280 |
1,882,951 |
| Depreciation |
|
|
|
|
| At 1 January 2021 |
15,647 |
1,539,475 |
140,055 |
1,695,178 |
| Charge forthe year |
6,099 |
5,521 |
15,407 |
27,027 |
| Eliminated on disposal |
- |
- |
- |
- |
| At31 December2021 |
21,746 |
1,544,996 |
155,462 |
1,722,205 |
| Net book value |
|
|
|
|
| At 31 December 2021 |
130,738 |
4,190 |
25,819 |
160,746 |
| At 31 December 2020 |
136,837 |
9,711 |
41,225 |
187,774 |
| Debtors |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Trade debtors |
29,260 |
28,003 |
| Prepayments |
99,681 |
95,298 |
| Accrued income |
486 |
8,469 |
| VAT debtor |
20,534 |
14,000 |
|
149,961 |
145,770 |
| Creditors: Amounts falling due within one year |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Trade creditors |
93,253 |
33,725 |
| Other creditors |
52,030 |
57,407 |
| Accruals |
33,964 |
41,212 |
| Deferred income |
16,423 |
36,536 |
| Amounts owed to parent charity |
90,000 |
- |
|
285,670 |
168,880 |
|
|
|
|
|
2021 |
2020 |
|
|
|
|
|
£ |
£ |
| Amount |
owed |
to |
parent |
charity |
140,000 |
230,000 |
| Deferred income |
|
|
£ |
| Brought forward at 1stJanuary 2021 |
36,536 |
| Received during the year |
16,423 |
| Release ofdeferred income in the year |
(36,536) |
| Carried forward at 31st December 2021 |
16,423 |
|
|
|
2021 |
2020 |
| 10. |
Restricted funds |
|
£ |
£ |
|
Restricted funds balance at 1 January |
|
12,969 |
9,539 |
|
Grant received during the year |
|
42,500 |
10,000 |
|
Expenditure |
|
(25,115) |
(6,570) |
|
Restricted funds balance at 31 December |
|
30,354 |
12,969 |
|
Netassets split between funds |
|
|
|
|
2021 |
Restricted |
Unrestricted |
Total |
|
Fixed assets |
- |
160,746 |
160,746 |
|
Net currentassets |
30,354 |
386,533 |
416,887 |
|
Creditors: amounts falling due after
one year |
- |
(140,000) |
(140,000) |
|
|
30,354 |
407,279 |
437,633 |
|
2020 |
Restricted |
Unrestricted |
Total |
|
Fixed assets |
- |
187,774 |
187,774 |
|
Net current assets |
12,969 |
381,495 |
394,464 |
|
Creditors: amounts falling due after
one year |
- |
(230,000) |
(230,000) |
|
|
12,969 |
339,269 |
352,238 |
| A - Operating lease commitmentto parentcharity. |
|
|
|
2021 |
2020 |
|
Land and |
Land and |
|
Building |
Building |
|
£ |
£ |
| Total rental payable commitments under operating leases which |
|
|
| expire: |
|
|
| Under 1 year |
300,000 |
|
Between 2
— 5 years |
1,200,000 |
1,275,451 |
| Over 5 years |
2,042,071 |
2,718,647 |
| Lease payments are recognised in the statement offinancial |
|
|
| activities in 2020. These were waived in 2021. |
|
|
| B - Operating lease commitmentsfrom tenants. |
|
|
|
2021 |
2020 |
|
Land and |
Land and |
|
Building |
Building |
|
£ |
£ |
| Rental commitments receivable under operating leases which |
|
|
expire ortenant break dates ifsooner:
Under 1 year |
154,416 |
203,212 |
Between 1
- 5 years |
|
|
|
2020 |
2020 |
2020 |
2019 |
|
Unrestricted |
Restricted |
|
|
|
Funds |
Funds |
Total |
Total |
|
£ |
£ |
£ |
£ |
| Income |
|
|
|
|
| Income and endowments from: |
|
|
|
|
| Charitable activities |
953,984 |
10,000 |
963,984 |
1,572,240 |
| Investments |
20 |
- |
20 |
32 |
| Total Income |
954,004 |
10,000 |
964,004 |
1,572,272 |
| Expenditure |
|
|
|
|
| Expenditure on: |
|
|
|
|
| Charitable activities |
920,719 |
6,570 |
927,290 |
1,157,485 |
| Other |
181,691 |
- |
181,691 |
219,288 |
| Total Expenditure |
1,102,411 |
6,570 |
1,108,982 |
1,376,773 |
| Net incomel(expenditure) |
(148,407) |
3,430 |
(144,977) |
195,499 |
| Reconciliation offunds |
|
|
|
|
| Funds brought forward at 1 |
|
|
|
|
| January |
487,676 |
9,539 |
497,215 |
301,716 |
| Funds carried forward at 31 |
|
|
|
|
| December |
339,269 |
12,969 |
352,238 |
497,215 |