2021-03-31-accounts - Scotts Project Trust

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Legal and administrative	Legal and administrative	information	1-2
Report ofthe	trustees		3-23
Independent	auditors'	report	24-27
Statement of	financial	activities
Balance sheet			29
Statement of	cash flows		30
Notes to the financial statements			31-41

mount and category ofReserves	mount and category ofReserves
			2021	2020
			E
The Trust held the following reserves at 31March 2021			4,518,208	4,282,584
Of which, represented by tangible fixed assets held
for the purposes of	the Trust's charitable objects		(2,653,183)	(2,728,308)
Restricted reserves	held for specific purposes		(74,310)	(92,352)
Reserves designated	for strategic projects *		(800,000)	(600,000)
Unrestricted free reserves			990,715	861,924
Of which, Reserves fall in income and/or	held to protect the Trust increased expenditure	due to unexpected **	819,842	791,162
Other free reserves	***		170,873	70,762

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
			Notes	2021	2021 E	2021	2020f
Income from:
Donations,	grants and legacies			105,098	65,819	170,917	398,617
Charitable	activities				1,701,499	1,701,499	1,463,125
Other trading activities
Events							9,930
Delarue	Hall hire						7,340
Investments					3,021	3,021	6,203
Total				105,098	1,770,339	1,875,437	1,885,215
Expenditure	on:
Raising funds					8,125	8,125	19,349
Charitable	activities		4, 5,6	81,542	1,550,146	1,631,688	1,562,976
Total				81,542	1,558,271	1,639,813	1,582,325
Net income				23,556	212,068	235,624	302,890
Transfers between		funds	12	( 41,598)	41,598
Net movement in funds				( 18,042)	253,666	235,624	302,890
Reconciliation offunds:
Total funds	brought	forward		92,352	4,190,232	4,282,584	3,979,694
Total funds	carried	forward	12	74,310	4,443,898	4,518,208	4,282,584

							2021	2020
								E
						Notes
Cash	flows from operating	activities:
Net cash provided by operating activities						A	401,372	388,492
Cash	flows from investing	activities:
Purchase oftangible assets							( 45,173)	( 400,490)
Sale	oftangible fixed assets							500
Net cash used in investing		activities					( 45,173)	( 399,990)
Change in cash and cash equivalents			for the		year		356,199	( 11,498)
Cash	and cash equivalents	at the beginning			ofthe year		1,498,065	1,509,563
Cash	and cash equivalents	at the end		ofthe year			1,854,264	1,498,065
Cash	and cash equivalents	comprise:
Short term deposits							1,152,464	904,961
Cash	at bank and in hand						701,800	593,104
							1,854,264	1,498,065
NOTE TO THE STATEMENT		OF CASH	FLOWS
A	Reconciliation ofnet	income to		net cash flow from operating
	activities
	Net income for the year						235,624	302,890
	As per statement offinancial activities
	Adjustments for:
	Depreciation charges						120,298	128,150
	Profit on sale oftangible fixed			assets				( 500)
	Decrease /(increase)	in debtors					49,990	( 83,546)
	(Decrease)/increase	in creditors					( 4,540)	41,498
	Net cash provided by	operating		activities			401,372	388,492

Income fr	om	donations, grants and legacies
			2021	2020
Donations	and grants		56,208	248,617
Legacies				150,000
Government		grants	114,709
			170,917	398,617

Income fr	om charitable activities
		2021	2020
Residential	home fees	1,071,490	925,238
Allocated	to Day Services	( 32,092)	( 78,225)
		1,039,398	847,013
Supported	living fees and rental income	292,494	253,914
Day Services fees		369,607	362,198
		1,701,499	1,463,125

Direct costs
		Total	Total
		2021	2020
Wages and salaries	(Note 7)	925,434	836,215
National insurance	(Note 7)	60,349	52,469
Pension cost (Note	7)	17,385	15,651
Food and household		27,773	26,880
Establishment		144,093	149,646
Other direct costs		46,909	65,582
Profit on disposal offixed assets			( 500)
Depreciation		120,298	128,150
		1,342,241	1,274,093
Support costs
		Total	Total
		2021	2020
			E
Wages and salaries	(Note 7)	218,960	208,524
National insurance	(Note 7)	17,133	16,985
Pension cost (Note	7)	2,235	3,268
Other support costs		26,100	29,176
Legal and professional		17,720	22,850
Governance costs:
Auditors' remuneration		7,260	7,740
Administration and	secretarial	39	340
		289,447	288,883

Debtors
			2021	2020
			E
Fees receivable			99,309	60,464
Prepayments and accrued income			61,706	150,505
Other debtors				36
			161,015	211,005
Creditors: amounts	falling due within one year
			2021 E	2020f
Accounts payable			29,114	41,539
Other taxation and	social security		44,849	17,949
Accruals and deferred		income	45,760	87,545
Other creditors			30,531	7,761
			150,254	154,794

The mov	ement on deferred income is as follows:
		2022f	2020
Balance	at 1April 2020	37,600	40,372
Released	to income	(37,600)	( 40,372)
Received	in the year and deferred	590	37,600
Balance	at 31March 2021	590	37,600

Prior year		At 1April	Incoming		Resources	Transfers	At31March
		2019	resources		expended f	in/out	2020 E
Unrestricted funds:
Fixed asset	designated	2,455,968			( 128,150)	400,490	2,728,308
projects and general funds
Designated	project funds	600,000					600,000
General funds		680,304	1,657,640	(	1,443,989)	( 32,031)	861,924
		3,736,272	1,657,640	(	1,572,139)	368 459	4 190232
Restricted	funds	243,422	227,575		( 10,186)	( 368,459)	92,352
		3,979,694	1,885,215	(	1,582,325)		4,282,584

Analysis	ofne	t asset	s be	tween funds
					Restricted	Unrestricted		Totolfunds	Total funds
					funds	funds
					2021f	2021f	'	2021f	2020f
Tangible	fixed	assets				2,653,183		2,653,183	2,728,308
Current	assets				74,310	1,940,969		2,015,279	1,709,070
Creditors	due	within	one	year		( 150,254)		( 150,254)	( 154,794)
					74,310	4,443,898		4,518,208	4,282,584