##
|||Page|
|---|---|---|
|Reference and Admmistrative
Details|||
|Report ofthe Trustees||2 to 9|
|Report ofthe Independent
Auditors||10 to 12|
|Statement ofFinancial|Activities||
|Statement ofFinancial|Position||
|Statement ofCash Flows||15|
|Notes to the Statement|ofCash Flows||
|Notes to the Financial|Statements|17 to 29|
|TRUSTEES|M R Ratcliffe IViBE||||
|---|---|---|---|---|
||A Piggott||||
||I J Salter||||
||TCzapski||||
||KJ Morgan OBE DL||||
||A MLea||||
||RJ Carter (appointed 8.7.20)||||
|COMPANY SECRETARY|A Piggott||||
|REGISTERED OFFICE|Wolseley House||||
||Oriel Road||||
||Cheltenham||||
||Gloucestershire||||
||GL50 1TH||||
|REGISTERED COMPANY|03002869(England|and|Wales)||
|NUMBER|||||
|REGISTERED CHARITY|'f043143||||
|NUMBER|||||
|AUDITORS|Andarran
Limited (Statutory
Auditor)||||
||Chartered
Accountants||||
||6Manor Park Business||Centra||
||li/lackenzie
Way||||
||Cheltenham||||
||Gloucasters hire||||
||GL5I QTX||||
|PATRON|The Lard Bird MBE||||
|SENIOR LEADERSHIP TEAM|Cordell Ray MBE-|CEO|||
||Gareth Edwards
—Chief||Operating|Ofhcer|
||Amanda
McPeake|—Finance Director|||
||hiigel McPeake - Business Devel.|||Director|
||Max Larcambe - Director ofABS||||
||Ramona Ray - Director ofCBS||||
||Ryan Major - Facilities Director||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||31.3.21|31,3.20|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|funds|fund|funds|funds|
||||Nates|6|6|6|6||
|INCOME|FROM||||||||
|Donations|and legacies||2|44,920|103,318||148,238|89,904|
|Charitable|activities||5||||||
|Charitable|Activities|||48,155|8,263,068||8,31'l,223|5,476,896|
|Other trading activities|||3|5,726|7,975||13,701|30,540|
|Investment|income||4|50,057|9,639||59,696|47,548|
|Other income|||6|||||45,000|
|Total||||148,858|8,384,000||8,532,858|5,689,888|
|EXPENDITURE ON|||||||||
|Charitable|activities||||||||
|Charitable|Activities|||34,013|7,617,569||7,651,582|5,605,680|
|Reduction|in property||||||||
|valuation||||||||45,000|
|Total||||34,013|7,817,569||7,851,582|5,650,680|
|hlET INCOIIIIE||||114,845|566,431||681,276|39,208|
|Transfers|between|funds|23|566,588|(566,588)||||
|Net movement
in funds||||68'l,433|(157)||681,276|39,208|
|RECONCILIATION||OF|||||||
|FUNDS|||||||||
|Total funds brought|||||||||
|forward||||679,927|48,325||728,252|689,044|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||1,361,360|48,166||1,409,528|728,252|
##
##
||||||31.3.21|313.20|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|fund|funds|funds|
||Notes|6|9|8|6||
|FIXEDASSETS|||||||
|Tangible assets|16|1,013,354|723,535|84,850|1,821,739|1,227,834|
|Investments|17|2|||2|2|
|||1,013,356|723,535|84,850|1,821,741|1,227,636|
|CURRENT ASSETS|||||||
|Debtors|18|84,737|664,31K||749,053|496,271|
|Cash at bank||684,000|517,4?0||1,201,420|384,164|
|||768,737|1,181,736||1,950,473|880,435|
|CREDITORS|||||||
|Amounts
falling due whhin|||||||
|one year|19|(58,796}|(899,857)||(958,653)|(782,598)|
|NET CURRENT ASSETS||709,941|281,879||991,820|97,837|
|TOTAL ASSETSLESS|||||||
|CURRENT LIABILITIES||1,723,297|1,005,414|84,850|2,813,561|1,325,673|
|CREDITORS|||||||
|Amounts
falling due after|||||||
|more than one year|20|(361,937)|(957,246)|(84,850)|(1,404,033)|(597,421)|
|NETASSETS||1,361,360|48,168||1,409,528|728,252|
|FUNDS|||||||
|Unrestricted
funds|||||1,361,360|679,927|
|Restricted funds|||||48,168|48,325|
|TOTAL FUNDS|||||1,409,528|728,252|
|||||STATEMENT OF|STATEMENT OF|CASH FLOVYS||
|---|---|---|---|---|---|---|---|
|||||FORTHE YEAR ENDED 31MARCH 2021||||
|||||||31,3.21|31.3.20|
||||||Notes|||
|Cash flows from|operating||activities|||||
|Cash generated
from operations|||||1|728,408|310,614|
|Interest
pMid||||||(75,828)|(61,689)|
|hlet cash provided|by operating|||activities||652,580|248,925|
|Cash flows from|investing||activities|||||
|Purchase oftarigibie fixed assets||||||(644,633)|(109,532)|
|Refund of investment|||||||30,000|
|Interest received||||||137|19|
|Net cash used
in|investing|activities||||(644,496)|(79,513)|
|Cash flows from|financing||activities|||||
|New loans in year||||||850,000||
|Loan repayments|in year|||||(40,828)|(38,833)|
|Net cash provided|by/(used||in) financing||activi5es|809,172|(38,833)|
|Change in cash|and cash||equivalents|||||
|in the reporting|period|||||8'l7,256|130,579|
|Cash and cash equivalents|||at|the||||
|beginning
ofthe|reporbng||period|||384,164|253,585|
|Cash and cash equivalents|||at|the end||||
|ofthe reporting|period|||||1,201,420|384,164|
##
##
##
||N|OTES TOTHE STATEMENT OF CASH FI.OWS
FORTHE YEAR ENDED 31 MARCH 2021|OTES TOTHE STATEMENT OF CASH FI.OWS
FORTHE YEAR ENDED 31 MARCH 2021|OTES TOTHE STATEMENT OF CASH FI.OWS
FORTHE YEAR ENDED 31 MARCH 2021|OTES TOTHE STATEMENT OF CASH FI.OWS
FORTHE YEAR ENDED 31 MARCH 2021|OTES TOTHE STATEMENT OF CASH FI.OWS
FORTHE YEAR ENDED 31 MARCH 2021|
|---|---|---|---|---|---|---|
|RECONCILIATION|OF|NET INCOIISE TO NET CASH FLOW FROM OPERATING ACTIVITIES|||||
||||||31.3.21|31.3.20|
|Net income for the|reporting|||period (as per the Statement of|||
|Financial Activities)|||||681,276|39,208|
|Adjustments
for:
Depreciation
charges|||||50,728|'l7,049|
|Interest received|||||(137)|(19)|
|Interest paid|||||75,828|61,689|
|Increase
in debtors|||||(252,782)|(96,900)|
|Increase
in creditors|||||173,495|289,587|
|Net cash provided|by operations||||728,408|310,614|
|ANALYSIS OF CHANGES|||IN|NET DEBT|||
|||||At 1,4,20|Cash flow|At 31.3.21|
||||||5|E|
|Net cash|||||||
|Cash at bank||||384,164|817,256|1,201,420|
|||||384,164|817,256|1,201,420|
|Debt|||||||
|Debts falling due within||1 year||(39,278)|(2,560)|(41,838)|
|Debts falling due after 1 year||||(512,571)|(806,612)|(1,319,183)|
|||||(551,849)|(809,172)|(1,361,021)|
|Total||||(167,685)|8,084|(159,601)|
##
##
##
##
##
##
##
##
##
##
##
##
|DONATIONS
AND LEGA|CI|ES|||||
|---|---|---|---|---|---|---|
||||||31.3.21|3'i.3.20|
||||||E||
|Other Chadties,
Churches|8tTrusts||&21,000||41,444|11,000|
|Individual
donors
&61,000|||||15,405||
|Corporate donors
&61,000|||||23,953|18,849|
|Other donations ~ P'i,000|||||67,436|60,255|
||||||148,238|89,904|
|OTHER TRADING ACTIVITIES|||||||
||||||313.21|31.3.20|
|||||||6|
|Miscellaneous
income|||||13,701|30,540|
|INVESTMENT INCOME|||||||
||||||31.3.21|31.3.20|
||||||F||
|Rents received|||||59,559|47,529|
|Deposit account interest|||||137|19|
||||||59,696|47,548|
|INCOME FROM CHARITABLE ACTtVITIES|||||||
|||Activity|||31.3.21
f|31.3.20
f|
|Grants||Charitable||Activities|6,880,694|4,656,719|
|Operational
rents received||Charitable*clivNes|||1,430,529|820,177|
||||||8,311,223|5,476,896|
|Grants received,
included|in|the abOVe,||are aSfollow@:|||
||||||31.3,21|31.3.20|
|||||||E|
|Gloucestershire
County Council|||||3,163,652|2,422,666|
|Worcester City Council|||||768,876|431,402|
|Herefordshire
Council|||||730,931|216,572|
|Bournemouth,
Christchurch||and Pools||Council|543,071|291,381|
|Bnstol City Council|||||246,917|49536|
|NHS Gloucestershire|||||228,006|250,372|
|South Gloucestershire
Council|||||227,096|96,449|
|North Somerset
Council|||||177,592||
|Primary Care Network
Cheltenham|||Central||115,296||
|Cheltenham
Borough Council|||||107,500|127,500|
|Carried forward|||||6,308,937|3,885,878|
##
##
|FORT|FORT|HE YEAR EhIDED 31 MARCH 28|HE YEAR EhIDED 31 MARCH 28|HE YEAR EhIDED 31 MARCH 28|21||
|---|---|---|---|---|---|---|
|INCOME FROM CHARITABLE||ACTIVITIES - continued|||||
||||||31.321|31.3.20|
||||||8|E|
|Brought forward|||||6,308,937|3,885,878|
|Redditch
Borough Council|||||62,417|27,385|
|Big Lattery Fund|||||49,034|165,034|
|Primary Care Network
Myths|lvledicsl|||Practice|45,137||
|Police and Crime Commissioner||for|Wiltshire||40,000|34,559|
|Primary Care Network Cheltenham|||Peripheral||37,583||
|Gardners
Lane and Oakwaod|Federation||||35,900|35,317|
|Oakwood School|||||35,900|35,317|
|Wiltshire
Council|||||33,310|75,000|
|Bromsgmve
District Council|||||31,041|46,642|
|Somerset
Community
Foundation|||||19,415||
|Worcester County Council|||||15,643|22,084|
|Bamwood House Trust|||||15,593||
|Maggs Day Centre|||||14,801|26,908|
|University
ofthe West of England|||||11,200|7,000|
|Severn Wye Energy Agency|||||10,700|13,470|
|Gloucestershire
Community|Foundation||||9,822||
|Univemity
ofGiaucestershire|||||9,800|10,460|
|GlauCestershire
Society|||||8,928||
|Fluck Convalescent
Fund|||||7,017||
|Police and Crime Commissioner||for|Gloucestershire||6,500|6,500|
|UniversiQr ofWorcester|||||5,600||
|Swlndon
Borough Council|||||5,403||
|Neighbourly
Community
Fund
The Rowlands
Trust|||||5,400
5,000||
|P3||||||56,821|
|Laridon Borough of Islington||||||51,838|
|Boumemouth
Churches
Housing||Association||||40,634|
|The Pastcotie Lottery||||||19,524|
|Ilidcountles
Cooperadve
Cammunity||||Trust||15,000|
|The National
Foundation
far Youth Music||||||13,346|
|The Edward Cadbury Trust||||||7,800|
|The Percy Biltan Charity||||||6,872|
|The National!
ottery Community||Fund||||6,000|
|Santander
Foundation||||||4,920|
|University ofBristol||||||'l,400|
|Others. less than 85,000|||||23,586|41,010|
|Caronovirus
Job Retention Scheme|||||27,027||
||||||6,880,694|4,656,719|
##
|||FOR TH|E YEAR ENDED 31MARCH 2021|||
|---|---|---|---|---|---|
|6.|OTHER INCOME|||||
|||||31.321
f|31.3.20|
||Gain on property|revaluatron|||45,000|
|7.|CHARITABLE ACTtVITIES COSTS|||||
||||Direct|Support||
||||Cosh (see|costs (see||
||||note 8)
f|note 10)|Totals|
||Chadtable Activities||7,845,554|6/28|7,851,582|
||DIRECTCOSTS|OF CHARITABLE ACTIVITIES||||
|||||31.3.21|31.320|
||Staff costs|||5,7(6,292|3,746,405|
||Direct client costs|||75,602|50,501|
||Pmperty costs|||602,853|489,124|
||Equipment
costs|||142,530|132,814|
||Adminfsbabon
costs|||197,949|177,791|
||Professional fees|||376,864|324,725|
||Other staff expenditure|||592,263|566,432|
||Vehicle cosh|||21,645|20,078|
||Depreciation|||50,728||
||Interest payable and similar charges|||75,828|61,689|
|||||7,845,554|5,586,608|
|9.|GRANTS PAYABLE|||||
|||||31.3.21
f|31.3.20|
||Charitable
Activities||||15,000|
||The total grants paid to insgtutions||during the year was as followK|31.3.21|31.3.20
f|
||The IVIusic Works||||15,000|
##
##
||||||Governance|
|---|---|---|---|---|---|
||||||costs
f|
||Charitable
Activities||||6,028|
||Support costs, included|in the above, are as follows:||||
||Governance costs|||||
|||||31.3.21|31.3.20|
|||||Charitable|Total|
|||||Activities|activities|
||||||6|
||Auditors'
remuneration|||6,028|4,072|
|11.|REDUCTION
IN PROPERTY VALUATION|||||
|||||31.3.21|31.3.20|
|||||6||
||Revaluation
loss on property||||45,000|
|12,|NET INCOME/(EXPENDITURE)|||||
||Net incomel(expend)ture)|isstated after charging/(crediting):||||
|||||31.3.21|31.3.20|
||||||5|
||Auditors'
remuneration|||6,028|4,072|
||Depreciation - owned assets|||50,728|17,049|
|13.|TRUSTEES' REMUNERATION||AND BENEFITS|||
##
##
##
||3'i.3.21|31.3.20|
|---|---|---|
|Wages and salaries|5,158,430|3,402,336|
|Social secudity costs|402,999|251,029|
|Other pension costs|147,863|93,040|
||5,709,292|3,746,405|
##
##
|The avera|ge|monthly
number ofemployees
during the|year was as follows:||
|---|---|---|---|---|
||||31.3.21|31.3.20|
|Management||and administration|31|17|
|Charitable|Activities||207|158|
|||||175|
||The number
of employees|whose employee|benefits
(excluding
employer|benefits
(excluding
employer|pension|costs)|exceeded|
|---|---|---|---|---|---|---|---|
||f60,000was:|||||||
||f60,001 —f70,000||||31,321
1||31.3.20
1|
|15.|COMPARATIVES FOR THE STATEMENT OF FlhlANCIAL|||ACTMTIES||||
||||Unrestricted|Restricted|Endowment||Total|
||||funds
f|funds
f|fund
f||funds
f|
||INCOME FROM|||||||
||Donafions
and legacies||60,928|28,976|||89,904|
||Charitable
activities|||||||
||Charitable
Activities||13,47'i|5,463,425||5,476,896||
||Other trading activities||27,12'l|3,419|||30,540|
||Investment
income||7,784|39,764|||47,548|
||Other income||45,000||||45,000|
||Total||154,304|5,535,584||5,689,888||
||EXPENDITURE ON|||||||
||Charitable
activities|||||||
||Charitable
Acgvities||139,829|5,465,851||5,605,680||
||Reduction
in property valuation|||45,000|||45,000|
||Total||139,829|5,5'l0, 851||5,650,880||
||NET INCOME||14,475|24,733|||39,208|
||Transfers between funds||53,146|(53,146)||||
||Net movement
in funds||67,62'l|(28,413)|||39,208|
||RECONCILIATION
OF FUNDS|||||||
||Total funds brought forward||612,306|76,738|||689,044|
||TOTAL FUNDS CARRIED|FORWARD|679,927|48,325|||728,252|
##
##
##
##
||FOR THE YEAR ENDED 31MARCH 202|FOR THE YEAR ENDED 31MARCH 202|FOR THE YEAR ENDED 31MARCH 202|1||
|---|---|---|---|---|---|
|DEBTORS:ANIOUNTS|FALLING DUE WITHIN ONE YEAR|||||
|||||31.3.21|313.20|
||||||8|
|Trade debtors||||639,041|424,800|
|Other debtors||||15,942|3,77T|
|Prepaymenh
and accrued||income||94,070|67,694|
|||||749,053|496,271|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
|||||31.321|31,320|
||||||8|
|Other loans (see note 21)||||41,838|39,278|
|Trade creditors||||167,917|105,290|
|Social security and other|takes|||117,307|72,937|
|Other creditors||||76,214|71,057|
|Accrued expenses||||158,491|121,286|
|Deferred income||||396,886|372,750|
|||||958,653|782,598|
|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN OhlE YEAR||||
|||||31.3.21|31.3.20|
|||||5||
|Other loans (see note 21)
Amounts
owed to group undertakings||||1,319,'i 83
84,850|512,571
84,850|
|||||1,404,033|597,421|
|LOANS||||||
|An analysis ofthe maturity||ofloans is given below;||||
|||||31.3.21|31.3.20|
|||||F||
|Amounts
falling due within||one year on demand:||||
|lylortg age||||41,838|39,278|
|Amounts
falling between|one||and two years.|||
|Mortgage
—1-2years||||42,571|40,026|
|Amounts
falling due between|||two and five years:|||
|Mortgage -2-5 years||||130,735|124,833|
|Amounts
falling due in more than five years:||||||
|Repayable
by instalments||||||
|Mortgage more than 5years||||295877|347712|
|Repayable
otherWiSe than||by|instaiments:|||
|Other loan more 5 years||||850,000||
##
##
##
##
##
##
##
|MOVEMENT IN FUND|S|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 'l.4.20|in funds|funds|31.3.21|
|||9||||
|Unrestricted
funds||||||
|General fund||494,927|152,507|(50,074)|597,360|
|Unrestricted
revaluation|fund|'I00,000|||100,000|
|Property Maintenance||60,000|(22,196)|47,196|85,000|
|Volunteer Co-ordinatcr||25,000|(15,466)|(9,534)||
|Consultancy
Fees||||20,0DD|20,000|
|Depreciation||||100,000|100,000|
|Expansion ofSRol to include||||||
|volunteering||||20,000|20,000|
|Marketing||||25,000|25,DDD|
|Regulatory
Professional Fees||||10,000|10,000|
|Running Costs||||289,000|289,000|
|Social Value IVlaneger||||30,000|30,000|
|System Development||||40,DDQ|40,000|
|Training||||20,000|20,QDQ|
|Volunteering
in the County||||25,000|25,000|
|||679,927|114,845|566,588|1,361,360|
|Restricted funds||||||
|Restricted
revaluation|fund|10,0DQ|||10,000|
|Community
Based Support||38,325|409,561|(409,718)|38,168|
|Accommodation
Based Support|||156,870|(156,870)||
|||48,325|566,431|(566,588)|48,168|
|TOTAL FUNDS||728,252|681,276||1,409,528|
##
##
|Net movement
in|funds,
included
in the above|are as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||8||8|
|Unrestricted
funds|||||
|Genera! fund||148,858|3,649|152,507|
|Property Maintenance|||(22,196)|(22,196)|
|Volunteer
Co-ordinator|||(15,466)|(15,466)|
|||148,858|(34,013)|114,845|
|Restricted funds|||||
|Community
Based SuppOIf||3,660,615|(3,251,054)|409,561|
|Accommodation|Based Su)rpbrt|4,723,385|(4,566,515)|156,87D|
|||8,384,000|(7,817,569)|566,431|
|TOTAL FUhlDS||8,532,858|(7,851,582)|681,276|
##
##
|Comparatives
for mo|v|ement
in fund|s||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At1.4.19|in funds
F|funds|31.3.20
f|
|Unrestricted
funds|||||||
|General fund|||472,306|28,741|(6,120)|494,927|
|Unrestricted
revaluation||fund|55,000|45,000||100,000|
|Property Maintenance|||60,000|(49,420)|49,420|60,000|
|Volunteer
Co-ordlnator|||25,0DD|(9,846)|9,846|25,000|
||||612,306|14,475|53,146|679,927|
|Restricted funds|||||||
|Restricted
revaluation|fund||55,000|(45,000)||10,000|
|Community
Based Support|||21,738|70,538|(53,951)|38,325|
|Accommodation
Based||Support||(805)|805||
||||76,738|24,733|(53,l46)|48,325|
|TOTAL FUNDS|||689,044|39,2DB||728,252|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##