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INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF URBAN OUTREACH IBOLTQN)
A Private Company Llmlted by Guarantee
FOR THE YEAR ENDED 31 MARCH 2021
Our test5 also included agreeing the financial statements di5cIosures to underlying supporting
documentation. There are inherent limitations in the audit procedures described above and, the
further removed non-compliance with laws and regulations is from the events an(1 transactions
reflected in the financial statements, the less likely we would become aware of it. We did not
identify arkv key audlt matters relating to irregularlties, Including fraud.
We also addressed the risk of mana8ement override of internal controls, includin8 testin8 journals
and evaluatin8 whether there was evidence of bias by the management or trustees that
represented a rlsk of materlal misstatement due to fraud.
A further descrlptlon of our responsibllltie5 Is avallable on the Flnanclal Reportln8 Council's webslte at:
https://www.frc.org.uk/Our-WorVAuditlAudit-and-assurance/Standards-and-guidancelStandards-and-
guidance-for-auditorslAuditors-responsibilities-for-auditlOe5cription-of-auditors-responslbilities-for-
audit.aspx. This description forms part of our aud5tor's report.
Use of our report
Thls report Is made solely to the charltable company's members, as a body, In accordance wlth Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mi8ht state to the
charitable company's members those matter5 we are required to state to them in an audltorfs report and
for no other purpose. To the fullest extent permitted by law, we do not accept or a55ume re5ponslbillty to
anyone other than the charStable company and the charitable company's members as a body, for our audit
work, for this port, or for the opinlons we have formed.
Mr Jonathan Har8raves BAIHonsl FCA ISenSor Statutory Audltorl
For and on behalf of DonnellyBentley Ltd
Chartered Accountants
Ha21emere
70 Chorley New Road
Bolton
BLI 4BY
30 November 2021
##
##
##
||||Note|2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|INCOME||||2,527,485|1,019,826|
|Staff Costs||||536,779|602,201|
|Depreciation||||44,822|33,580|
|Other Operating
Charges||||370,056|315,279|
|SURPLUS BEFORE INTEREST RECEIVABLE||||1,575,828|68,766|
|Bank Interest Receivable||||2,762|6,109|
|SURPLUS ON ORDINARY ACTIVITIES BEFORE||||||
|TAXATION||||1,578,590|74,875|
|Tax on Income on Ordinary|Activities|||||
|SURPLUS FOR THE FINANCIAL||PERIOD AFTER||||
|TAXATION||||1,578,590|74,875|
|RETAINED SURPLUS BROUGHT||FORWARD||1,366,108|1,291,233|
|ACCUMULATED
FUND TO CARRY FORWARD||||2,944,698|1,366,108|
|FOR THE YEAR ENDED|FOR THE YEAR ENDED|31MARCH 2021|31MARCH 2021|31MARCH 2021|31MARCH 2021||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||General|Restricted|Total|Total|
||||||||||Fund|Funds|Year End|Year End|
||||||||||||31/03/2021|31/IN/2020|
||||||||||||E|6|
|Income from:|||||||||||||
|Donations
and legacies:|||||||||||||
|Bolton Metropolitan||Borough|||Council|||||||30,000|
|Bolton at Home|||||||||240,000||240,000|43,5DD|
|BASE|||||||||353,462||353,462||
|Queen Street Mission|||||||||375,705||375,705||
|Seedbed Chnstian|Community||||Trust|||||||1D,DDD|
|Other Recharges||||||||||||690|
|Voluntary
donations||including|||gift aid||||||404,783|128,981|
||||||||||1,241,268|132,682|1,373,950|213,171|
|Charitable
activities:|||||||||||||
|Asda||||||||||500|500||
|Bolton Metropolitan||eorough||Council||||||202,499|202,499|239,999|
|Bolton Council Local Welfare Provision||||||||||30,000|3D,DDD|30,000|
|Bolton at Home|||||||||5,650|161,000|166,650|40,000|
|Lloyds Foundation||||||||||||25,0DD|
|Big Lottery Fund||||||||||192,322|192,322|22D,856|
|eolton CVS||||||||||67,420|67,420||
|Cheshire &Greater|Manchester||||CRC Probation|||||45,000|45,000|45,000|
|Forever Manchester|||||||||6,920|18,DBO|25,000||
|Greater Manchester|Combined||||Authority|||||54,432|54,432|11,317|
|Homestart||||||||||16,334|16,334||
|Ministry ofJustice||||||||||14,578|14,578||
|Stockport Women's|Centre (GM Women's|||||Supp|ort Alliance)|||281|281|23,615|
|University ofeolton|-|serco Foundation||||||||1,00D|1,000|4,793|
|WRAP||||||||||15,000|15,000||
|Paypoint
Commission|||||||||132||132|149|
|Food/Welfare
Cost|Recharge (LWP)|||||||||52,040|52,040|89,698|
|Food/Welfare
Cost
Other Recharges|Recharge||||||||162,889|36,556|162,889
~36 556|57,693
~23 633|
||||||||||175,591|907,042|1,082,633|801,753|
|Investment
income:|||||||||||||
|Bank interest receivable|||||||||||2,762|6,109|
||||||||||2,762||2,762|6,109|
|Other income|||||||||||||
|Sundry Income|||||||||13,229|53,928|67,157|1,502|
|Rent Receivable||||||||||3,400|3,400|3,40D|
|Gain on disposal oftangible fixed asset|||||||||345||345||
||||||||||13,574|57,328|70,902|4,902|
|Total Income||||||||1|I433195|1097 D52|2 530247|1025 935|
|Expenditure|||||||||||||
|Charitable
Activities||||||||4|124,497|827,160|951,657|951,060|
|Total Expenditure|||||||||124497|827 16D|951657|951060|
|Net Income/(Expenditure)|||for||||||||||
|the Year Before Transfers|||||||||1,308,698|269,892|1,578,590|74,875|
|Transfers
Between Funds|||||||||||||
|Net Movement
m Funds|||||||||1,308,698|269,892|1,578,590|74,875|
|Fund Balances e/Fwd|at 1April 2020||||||||603508|762 600|1366 108|1291233|
|Fund Balances C/Fwd|at 31March 2021||||||||||||
##
##
##
|||Note||2021||2020|
|---|---|---|---|---|---|---|
|||||E||E|
|FIXED ASSETS|||||||
|Tangible Assets||||1,819,456||391,609|
|CURRENT ASSETS|||||||
|Debtors and Prepayments||8|118,440||84,585||
|Cash at Bank|||1,055,641||975,659||
||||1,174,081||1,060,244||
|CREDITORS: AMOUNTS|FALLING||||||
|DUE WITHIN ONE YEAR||9|48,839||85,205||
|NET CURRENT ASSETS||||1,125,242||975,039|
|TOTAL ASSETS LESSCURRENT LIABILITIES||||2,944,698||1,366,108|
|FUNDS|||||||
|Restricted
Funds||||1,032,492||762,600|
|Unrestricted
Funds: General||||1,912,206||603,508|
|||10||2,944,698||1,366,108|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||6|E|
|Cash flows from operating activities:||||||
|Net cash provided
by (used in) operating|activities|||1,550,083|63,169|
|Cash flows from investing
activltlesi||||||
|Interest received||||2,762|6,109|
|Purchase ofproperty,
plant and equipment||||(1,492,363)|(25,449)|
|Proceeds from the sale offixed assets||||19,500|0|
|Net cash provided
by (used in) investing|activities|||(1,470,101)|(19,340)|
|Cash flows from financing
activities:||||||
|Net cash provided
by (used in) financing|activities|||||
|Cash and cash equivalents
at 1April 2020||||975,659|931,830|
|Cash and cash equivalents
at31March 2021||||1,055,641|975,659|
|Reconciliation ofnet movements
in funds||to net cash flow from operating|activities|||
|Net movement
in funds for the year ended
srr s||31March 2021||1,578,590|74,875|
|Depreciation
charges||||44,822|33,580|
|Deduct interest income shown
in investing||activities||(2,762)|(6,109)|
|Loss/(profit)
on sale offixed assets||||(345)|0|
|(Increase)/decrease
in debtors||||(33855)|(3,403)|
|Increase/(decrease)
in creditors||||(36,367)|(35,774)|
|Net cash provided
by (used in) operating|activities|||1,550,083|63,169|
|Analysis ofcash and cash equivalents||||||
|Cash in hand||||1,055,641|975,659|
|||||1,055,641|975,659|
##
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##
|Leasehold
Property|& Improvements|2%and 1%per annum|straight|line method|
|---|---|---|---|---|
|Office Equipment||25%o per annum|reducing|balance method|
|Plant and Machinery|etc.|25%per annum|reducing|balance method|
|Motor Vehicles||25%o per annum|straight|line method|
|TANGIBLE FIXEDASSETS|||||
|Leasehold
Property|g Improvements|2%o and 1%per annum|straight|line method|
|---|---|---|---|---|
|Office Equipment||25% per annum|reducing|balance method|
|Plant and Machinery|etc.|25%o per annum|reducing|balance method|
|Motor Vehicles||25%o per annum|straight|line method|
##
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##
##
|All the incom|e is deriv|ed|from the U|nited
Kingdom.|||
|---|---|---|---|---|---|---|
||||||2021|2020|
|The operating|surplus|is|stated after:||E|E|
|Depreciation|ofTangible||Fixed Assets||44,822|33,580|
|(Profit)/Loss|on Disposal||ofTangible|Fixed Assets|(345)||
|Directors and|Trustees|Remuneration|||||
|Auditor Remuneration||—Audit / Examination|||8,400|8,400|
##
##
##
##
##
##
##
##
|2021|2020|
|---|---|
|f|E|
|2,762|6,109|
##
|3.STAFF COSTS|||
|---|---|---|
||2021|2020|
|||f|
|Wages|490,415|549,509|
|Socia I Security|33,355|38,975|
|Pension contributions|13,009|13,717|
||536,779|602,201|
##
|2021|2020|
|---|---|
|26|28|
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|7.TANGIBLE FIXEDASS|ETS||||||
|---|---|---|---|---|---|---|
||Leasehold|Leasehold|Office|Plant and|Motor|TOTAL|
||Property|Property|Equipment|Machinery|Vehicles||
|||Improvements||etc|||
|||f||f|||
|COST|||||||
|At 1April 2020|210,635|214,925|52,674|35,534|113,308|627,076|
|Additions|1,440,000||1,437|11,986|38,940|1,492,363|
|Disposals|||||(38,309)|(38,309)|
|At 31March 2021|1,650,635|214,925|54,111|47,520|113,939|2,081,130|
|DEPRECIATION|||||||
|At 1April 2020|28,708|63,863|48,459|34,466|60,511|236,007|
|Provided
in Year|10,213|4,298|1,413|3,263|25,635|44,822|
|Disposals|||||(19,155)|(19,155)|
|At 31March 2021|38,921|68,161|49,872|37,729|66,991|261,674|
|NET BOOK VALUE|||||||
|At 31March 2021|1,611,714|146,764|4,239|9,791|46,948|1,819,456|
|NET BOOK VALUE|||||||
|At 31March 2020|181,927|151,062|4,215|1,068|52,797|391,069|
##
##
|8.DEBTORSAND PREPAYMENTS|8.DEBTORSAND PREPAYMENTS|2021|2020|
|---|---|---|---|
|||E||
|Prepayments
and Accrued|Income|25,035|16,668|
|Other Debtors||66,010|62,046|
|Gift Aid Recoverable||27,395|5,871|
|||118,440|84,585|
|9.CREDITORS - AMOUNTS|FALLING DUE WITHIN ONE YEAR|2021f|2020
E|
|Accruals and Deferred Income||29,560|64,319|
|Taxation and Social Security||7,948|12,315|
|Trade Creditors||1,968|5,544|
|Other Creditors||9,363|3,027|
|||48,839|85,205|
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||||||2021||2020|
|---|---|---|---|---|---|---|---|
|INCOME||||E|E|E|E|
|Grants||||1,800,183||724,080||
|Sundry Income||||67,157||1,502||
|Voluntary
Donations
Including|||Gift Aid|404,915||129,130||
|Food/Welfare
/ Other||Cost Recharge||251,485||161,714||
||||||2,523,740||1,016,426|
|GRANTS AND DONATIOIYS||||||||
|Individuals||||980||10,187||
||||||980||10,187|
|OTHER OPERA TING CHARGES||||||||
|Fundraising
Activities||||50||1,402||
|Wages||||490,415||549,509||
|SocialSecurity||||33,355||38,975||
|Pension Contributions||||13,009||13,717||
|Rates||||1,231||589||
|Insurance||||5,058||3,491||
|Heat and Light||||11,496||14,188||
|Food Supplies||||171,990||101,029||
|Paypoint||||62,662||46,873||
|Motor Expenses||||21,030||18,848||
|Motor Vehicle Leasing||||720||512||
|Travelling
Expenses||||1,290||8,081||
|Entertaining||||||2,530||
|Printing, Stationery|and Postage|||3,425||3,713||
|Advertising||||||2,399||
|Telephone||||5,150||7,754||
|Training||||||3,065||
|Repairs and Renewals||||4,616||26,872||
|Computer
Expenses|and Maintenance|||9,120||5,896||
|Accountancy
and Audit||||8,400||8,400||
|Sundry Expenses||||2,047||3,585||
|Waste Collection and Cleaning||||3223||5,313||
|Legal and Professional||Fees||36,830||17,291||
|Other Professional|Fees|||20,608||23,200||
|Bank Charges and Interest||||123||||
|HMRC Interest
Paid||||7||61||
||||||906,835||917,480|
|DEPRECIATION|||||44,822||33,580|
|TOTAL EXPENDITURE|||||951,657||951,060|
|BANK INTEREST RECEIVABLE|||||2,762||6,109|
|RENT RECEIVABLE|||||3,400||3,400|
|GAIN ON DISPOSAL|OF|FIXED ASSETS|||345|||
|SURPLUS FOR PERIOD|||||1,578,590||74,875|