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





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||||2021|2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Funds|Restricted|Total|Total|
||||Designated|General|Funds|Funds|Funds|
|||Note||||||
|Incoming resources from:||||||||
|Charitable<br>activities||||3,614,833|175,195|3,790,028|3,641,055|
|Other Incoming<br>Resources||||63,222|0|63,222|8,072|
|Investment<br>income||||158,821|0|158,821|194,310|
|Total Income||||3,836,876|175,195|4,012,071|3,843,437|
|Expenditure<br>on:||||||||
|Cost of raising funds||||221,854|0|221,854|214,945|
|Charitable<br>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<br>between|funds|15,16|66,954|59,813|7,141|||
||||(3,344)|'I27,113|(15,716)|108,053|20,010|
|Net Gain/Loss<br>on Investments||15|87,297|0|0|87,297|(108,287)|
|Net movement<br>in funds|for the year||83,953|127,113|(15,716)|195,350|(88,277)|
|Total Funds brought<br>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|





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||||Keyri|ng-<br>LiV|ing Su|PPOrt|NetWOrkS<br>(Company<br>Balance Sheet|number: 03176431)||
|---|---|---|---|---|---|---|---|---|---|
|||||||As at|31 March 2021|||
||||||2021||2021|2020|2020|
|||||Notes||||||
|FIXEDASSETS||||||||||
|Tangible assets|||||||142,615||145,959|
|Investment<br>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<br>Funds||||||||||
|General Funds||||||||||
|Unrestdicted<br>—Designated|||Funds|15|3,964,525|||3,880,572||
|Unrestricted<br>—General||Funds|||1,351,726||5,316,25'I|1,224,612|5,105,184|
|Restricted<br>Funds||||16|||11,683||27,400|
||||||||5,327,934||5,132,584|





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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|F|
||||||Note|||
|Cash used<br>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<br>fixed assets|||||||8,210|
|Cash provided<br>by/used|by investing||activities|||158,821|186,100|
|Increase/(Decrease)<br>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|





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



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|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<br>&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<br>rental income.<br>The total grant & contract income and sundry<br>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<br>advance|People Grant received|in|54,428|0|54,428|95,731|
|||||0|0||
|Deferred|in Year:||||||
|Supporting<br>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<br>Depreciation|Property|Property|Other|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||&Staff Costs<br>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<br>Expenditure||||||||||
|Operation<br>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<br>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<br>agency staff cost||44,140|92,562|
|Total||3,295,423|3,040,493|



|||2021|2020|
|---|---|---|---|
|F70,001|—680,000|1|1|





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



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|||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<br>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<br>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|





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





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|||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|



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|||||2021|2020|
|---|---|---|---|---|---|
|Net movement<br>in funds||||108,053|20,010|
|Add back depreciation||charge||3,344|3,344|
|Investment<br>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|



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