2021-03-31-accounts

Page
	Board and Advisors
	Report of Trustees
16-18	Report of independent	auditors
19	Statement of Financial	Activities
20	Balance Sheet
21	Cash Flow Statement
22-32	Notes to the account

			2021	2021	2021	2021	2020
			Unrestricted	Funds	Restricted	Total	Total
			Designated	General	Funds	Funds	Funds
		Note
Incoming resources from:
Charitable activities				3,614,833	175,195	3,790,028	3,641,055
Other Incoming Resources				63,222	0	63,222	8,072
Investment income				158,821	0	158,821	194,310
Total Income				3,836,876	175,195	4,012,071	3,843,437
Expenditure on:
Cost of raising funds				221,854	0	221,854	214,945
Charitable activities:			70,298	3,362,100	183,770	3,616,168	3,533,442
Governance				65,996	0	65,996	75,040
Total resources expended		4	70,298	3,649,950	183,770	3,904,018	3,823,427
Net income/(expenditure)	for the year		(70,298)	186,926	(8,575)	108,053	20,010
Gross transfers between	funds	15,16	66,954	59,813	7,141
			(3,344)	'I27,113	(15,716)	108,053	20,010
Net Gain/Loss on Investments		15	87,297	0	0	87,297	(108,287)
Net movement in funds	for the year		83,953	127,113	(15,716)	195,350	(88,277)
Total Funds brought forward			3,880,572	1,224,612	27,400	5,132,584	5,220,861
Fund balances at 31st	March 2020		3,964,525	1,351,725	11,684	5,327,934	5,132,584

			Keyri	ng- LiV	ing Su	PPOrt	NetWOrkS (Company Balance Sheet	number: 03176431)
						As at	31 March 2021
					2021		2021	2020	2020
				Notes
FIXEDASSETS
Tangible assets							142,615		145,959
Investment Property				10			3,000,000		3,000,000
							3,142,615		3,145,959
CURRENT ASSETS
Debtors &Prepayments					573,855			416,080
Investments				12	464,	130		376,833
Cash at bank and	in hand				1,519,075			1,440,871
					2,557,060			2,233,784
CREDITORS:
Due within one year				13	371,740			247,159
NET CURRENT ASSETS							2,185,320		1,986,625
TOTAL ASSETS	LESSCURRENT
LIABILITIES							5,327,934		5,132,584
FUNDS
Restricted Funds
General Funds
Unrestdicted —Designated			Funds	15	3,964,525			3,880,572
Unrestricted —General		Funds			1,351,726		5,316,25'I	1,224,612	5,105,184
Restricted Funds				16			11,683		27,400
							5,327,934		5,132,584

						2021	2020
						E	F
					Note
Cash used in operating	activities				18	(80,617)	(268,010)
Cash flows from investing		activities
Interest income						21,046	29,310
Rental income						137,775	165,000
Sale of Fixed Asset
Purchase of investments
Purchase oftangible fixed assets							8,210
Cash provided by/used	by investing		activities			158,821	186,100
Increase/(Decrease) in	cash	for the	year			78,204	(81,909)
Cash and Cash equivalent		at the	beginning	ofthe year		1,440,871	1,522,781
Gash and Cash equivalent		at the	end ofthe	year		1,519,075	1,440,871

cost in or	der to write offeach ass	et less its re
Computing	Equipment	33%
Furniture	fixture and fittings	25%
Property		2%

Analysis of Income
					2021		2020
		Unrestricted		Restricted
		Funds		Funds
Provision ofSupport Services		3,614,833		175,195	3,790,028		3,641,055
Total grant &contract Income		3,614,833		175,195	3,790,028		3,641,055
Other income			63,222	0	63,222		8,072
			63,222	0	63,222		8,072
Investment &other income
				2021		2020
Rental Income				137,775		165,000
Interest Income				21,046		29,310
				158,821		194,310
The charity let its freehold offices to a third party on an arm's length basis to generate rental income. The total grant & contract income and sundry income for 2019/20 was f3,843,437, ofthis, E3,608,678 related to							unrestricted
funds and f234,759 related to restricted	fund.

					2021	2020
			Unrestricted	Restricted
			Funds	Funds	Total	Total
Deferred	income as at 1st April
2020			54,428	0	54,428	95,731
Released	in Year:
Supporting advance	People Grant received	in	54,428	0	54,428	95,731
				0	0
Deferred	in Year:
Supporting advance	People Grant received	in	143,235	0	143,235	54,428
Deferred	Income as at 31st March
2021			143,235	0	143,235	54,428

				Salaries Depreciation	Property	Property	Other	Total	Total
				&Staff Costs Costs	Costs		Costs	2021	2020
Cost ofgenerating	Funds
Support Costs				196,430	167	3,571	21,687	221,855	214,945
Total Cost of Generating			Funds	196,430	167	3,571	21,686	221,855	214,945
Charitable Expenditure
Operation of KeyRing		Networks		2,529,128	0	117,916	183,823	2,830,867	2,688,658
Support Costs				538,205	2,843	38,985	205,268	785,301	844,784
				3,067,333	2,843	156,901	389,091	3,616,168	3,533,442
Governance Costs:
Auditors costs for	audit	services			0	0	9,679	9,679	9,281
Support Costs				31,659	334	1,375	22,948	56,316	65,759
Total Governance	Cost			31,659	334	1,375	32,627	65,995	75,040
Total				3,295,422	3,344	161,847	443,404	3,904,018	3,823,427

5.Analysis ofstaff costs, and the cost of key management	5.Analysis ofstaff costs, and the cost of key management	personnel
		2021	2020
Salaries	and Wages	2,927,053	2,659,165
National	Insurance costs	224,711	200,817
Pension	Costs	99,519	87,949
		3,251,283	2,947,931
Temporary agency staff cost		44,140	92,562
Total		3,295,423	3,040,493

		2021	2020
F70,001	—680,000	1	1

				2021	2020
				Number	Number
Provision	of	support	services	109	99
Administrative		staff		15	14
				124	113

		2021	2020
Trade Debtors		403,692	117,763
Other Debtors		19,389	10,367
Prepayments	and accrued income	150,774	277,951
		573,855	416,081

					2021	2020
					f	f
Opening Balance at 1stApr				2020	376,833	485,120
Less	Disposal at carrying		value			0
					0	0
Add
Acquisition		at cost
Unrealised		net gains/(loss)		at 31st Mar 2021	87,297	108,287
					464,130	376,833
Creditors: amount falling				due within one year
					2021	2020
Trade Creditors					9,857,667	12,667
Other Creditors		and accruals			103,188	76,765
Deposit	on Corsham St Office				41,250	41,250
Pension	Costs				(101)	17,118
Deferred	Income				143,235	54,428
Taxation	and social security costs				74,311	44,931
Closing	balance	at 31"Mar 21			371,740	247,159

				2021	2021	2020
				Land 8
				Building	Other
Within	one	year		11,395	903	12,883
More	than	one	year		1,108	2,205
				11,395	2,011	15,088

	Opening	Resources Resources	Interfund	Interfund			Closing
	Balance	Arising Utilised	Transfers			(Loss)	Balance
	01/04/2020						31/03/2021
IT Equipment 8,
Accounting Software	37,780						37,780
Pension Fund	20,000						20,000
Innovation Funds Current Asset	300,000	(66,954)		66,954			300,000
Investment	376,833					87,297	464,130
Investment Property	3,000,000						3,000,000
Fixed Assets	145,959	3,344					142,615
	3,880,572	0 70,298		66,954		87,297	3,964,525
IT equipment		Funds to upgrade IT equipment new PCs		including		buying some
Innovation funds		Funds set aside for innovative		activities		within teams
Pension Fund		Funds set aside to pay for staff join the pension	employer's		pension as more
Current Asset Investment		Funds invested in equity bonds manager M8 G Investments		managed		by Investment
Investment Property		Value held in equity bonds manager M8G Investments	managed		by	investment
Fixed Asset		Trustees agree to transfer funds to designated fund	Fixed assets			from general

		Designated	General	Restricted	Total	Total
		Fund	Fund	Fund	2021	2020
					f	f
Fixed Assets		142,615			142,615	145,959
Investment		3,000,000		0	3,000,000	3,000,000
Current	Assets	821,910	1,723,466	11,684	2,557,060	2,233,784
Current	Liabilities		371,740	0	371,740	247,159
		3,964,525	1,351,726	11,684	5,327,935	5,132,584

				2021	2020
Net movement in funds				108,053	20,010
Add back depreciation		charge		3,344	3,344
Investment income				(158,821)	(194,310)
(increase)/decrease	in	debtors		(157,775)	(30,332)
Increase/(decrease)	in	creditors		124,581	66,722
Net cash provided	by (used in) operating		activities	80,618	268,010

KeyRing 4winE Support Networks Year EndÈd 31st Ma￿h ZOZI 33