| CONTENTS | CONTENTS | Page | ||
|---|---|---|---|---|
| List ofofficers, Board members | and advisers | |||
| Trustees Report | 2-5 | |||
| Report ofthe | Independent | Examiners | ||
| Consolidated | Statement of | Financial Activities | ||
| Consolidated | Statement of | Financial Position | ||
| Statement of | Financial Position | |||
| Consolidated | Statement of | Cash | Flows | 10 |
| Notes to the | Financial Statements | 11 —19 |
| DIRECTORS/TR | STEES | Dawn Melvin | (Chair) | |
|---|---|---|---|---|
| RAndrew Setchell |
||||
| Malcolm Watson | —resigned | 29June 2021 | ||
| Douglas John Rugg (Vice chair) | ||||
| James Melvin | ||||
| Jan Tappin | ||||
| ADDRESS 8cREGISTERED OFFICE | Warehouse 5 |
|||
| West Quay | ||||
| The Docks | ||||
| Gloucester | ||||
| GL1 2EH | ||||
| INDEPENDENT | EXAMINERS | Andorran Limited |
||
| Chartered Accountants | ||||
| 6Manor Park Business Centre | ||||
| Mackenzie Way | ||||
| Cheltenham | ||||
| Glos GL51 9TX | ||||
| BANKERS | Lloyds Banking Group | |||
| 19Eastgate Street | ||||
| Gloucester | ||||
| GL1 1NU | ||||
| SOLICITORS | Tayntons Solicitors |
|||
| 8-12Clarence Street | ||||
| Gloucester | ||||
| GL1 1DZ |
| 31MARCH | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | Funds | Funds | |||||
| INCOME | ||||||||
| Income from charitable | activities | (note | 2) | 96,364 | 10,000 | 106,364 | 348,360 | |
| Other activities | ||||||||
| Donations and legacies |
(note 3) | 4,483 | 4,483 | 18,977 | ||||
| Other trading activities | (note 3) | 22,307 | 22,307 | 67,938 | ||||
| Income from investments | 28 | 28 | 617 | |||||
| Other income (note 4) | 249,675 | 249,675 | 2,927 | |||||
| 276,493 | 10,000 | 275,493 | 90,459 | |||||
| Total Income | 372,857 | 10,000 | 382,857 | 438,819 | ||||
| EXPENDITURE | ||||||||
| Raising funds (note 6) | 17,457 | 17,457 | 58,009 | |||||
| Charitable activities (note 7) |
271,790 | 20,010 | 291,800 | 448,181 | ||||
| Total Expenditure | 289,247 | 20,010 | 309,257 | 506,190 | ||||
| Net Income/(Expenditure) | 83,610 | (10,010) | 73,600 | (67,371) | ||||
| Balances transferred | between | funds | ||||||
| finanria/ | ||||||||
| Funds brought forward |
at 1April 2020 | 73,148 | 19,484 | 92,632 | 160,003 | |||
| Funds carried forward | at31March 2021 | 156,758 | 9,474 | 166,232 | 92,632 |
| 31MARCH 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | Funds | Funds | |||||
| FIXEDASSETS | ||||||||
| Tangible assets (note 10) | 9,972 | 9,474 | 19,446 | 29,990 | ||||
| CURRENT ASSETS | ||||||||
| Stock | 7,933 | 7,933 | 7,934 | |||||
| Debtors (note 12) | 34,487 | 34,487 | 28,865 | |||||
| Bank and cash in hand | 125,959 | 125,959 | 48,346 | |||||
| 168,379 | 168,379 | 85,145 | ||||||
| CREDITORS: amounts | falling due | |||||||
| within one year | ||||||||
| Creditors (note 14) |
21,593 | 21,593 | 22,503 | |||||
| NET CURRENT ASSETS | 146,604 | 146,604 | 62,642 | |||||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 156,758 | 9,474 | 166,232 | 92,632 | ||||
| FUNDS OFTHE CHARITY | ||||||||
| Unrestricted funds: (note |
8) | |||||||
| General funds | 156,758 | 156,758 | 73,148 | |||||
| Restricted funds (note 8) | 9,474 | 9,474 | 19,484 | |||||
| 156,758 | 9,474 | 166,232 | 92,632 | |||||
| The charitable company is |
entitled to exemption | from audit under Section 477ofthe Companies Act 2006 for the | year | |||||
| ended 31 March 2021.The | members | have not | required | the company | to obtain an audit ofits financial | statements | for | |
| the year ended 31March 2021 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| FIXEDASSETS | |||||
| Tangible assets (note 10) | 9,972 | 9,474 | 19,446 | 29,990 | |
| Investments (note 11) |
2 | 2 | 2 | ||
| 9,974 | 9,474 | 19,448 | 29,992 | ||
| CURRENT ASSETS | |||||
| Debtors (note 13) | 51,842 | 51,842 | 44,629 | ||
| Bank and cash in hand | 115,296 | 115,296 | 39,845 | ||
| 167,138 | 167,138 | 84,474 | |||
| CREDITORS: amounts | falling due | ||||
| within one year | |||||
| Creditors (note 15) |
20,534 | 20,354 | 21,834 | ||
| NET CURRENT ASSETS | 146,604 | 146,604 | 62,640 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 156,758 | 9,474 | 166,232 | 92,632 | |
| FUNDS OFTHE CHARITY | |||||
| Unrestricted funds (note |
8) | ||||
| General Funds | 156,758 | 156,758 | 73,148 | ||
| Restricted funds (note 8) |
9,474 | 9,474 | 19,484 | ||
| 156,758 | 9,474 | 166,232 | 92,632 |
| 2021 | 2020 | ||
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net movement in |
funds (as per the statement offinancial activities) | 73,600 | (67,371) |
| Adjustments for: |
|||
| Depreciation charges |
10,457 | 15,622 | |
| Loss/(Profit) on sale offixed assets |
(330) | 336 | |
| (increase)/decrease | in stock | 1 | (2,696) |
| (increase)/decrease | in debtors | (5,622) | (2,260) |
| Increase /(decrease) | in creditors | (910) | 5,785 |
| Net cash used in | operating activities |
77,196 | (50,584) |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Proceeds from sale | ofplant and equipment | 417 | 1,700 |
| Purchases ofplant | and equipment | (2,318) | |
| Net cash used in | investing activities |
417 | (618) |
| Increase /(decrease) | in cash in the year | 77,613 | (51,202) |
| Cash balance at 1April 2020 | 48,346 | 99,548 | |
| Cash balance at 31March 2021 | 125,959 | 48,346 |
| INCOME FRO | M CHARITABLE ACTIVIT | IES | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Income from sales ofDonated Furniture | 77,670 | 77,670 | 289,907 | ||
| Gloucester Brewery | 10,000 | 10,000 | |||
| BigLottery —Awards For All | 10,000 | 10,000 | |||
| Hire ofRiser Recliner Chairs | 7,984 | 7,984 | 9,317 | ||
| Marsh Trust | 300 | 300 | |||
| Other grants and donations | 410 | 410 | 16,902 | ||
| Police Commissioner | 1,210 | ||||
| Barnwood Trust | 1,000 | ||||
| GEM Project | 13,593 | ||||
| Souter Charitable | Trust | 1,000 | |||
| Nature save |
650 | ||||
| Zurich | 2,750 | ||||
| Notgrove Trust | 2,000 | ||||
| Langtree | 525 | ||||
| Hasluck Trust | 2,000 | ||||
| Gloucestershire | County Council | 5,650 | |||
| Jack Lane | 1,000 | ||||
| Training Income | 856 | ||||
| 96,364 | 10,000 | 106,364 | 348,360 | ||
| INCOME FROM OTHER ACTIVITIES | |||||
| 2021 | 2020 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Gift aid | 4,483 | 4,483 | 18,977 | ||
| Income from sales ofnew furniture | 22,307 | 22,307 | 67,938 |
| OTHER INCOME | 2021 | 2020 | ||
| Coronavirus Job Retention |
Scheme | 97,955 | 2,927 | |
| Coronavirus Retail Support |
Grants | 151,390 | ||
| Profit on disposal ofplant | &machinery | 330 | ||
| 249,675 | 2,927 | |||
| NET INCOME/(EXPENDITURE) | 2021 | 2020 | ||
| Net income/(expenditure) | is stated after charging:- | |||
| Depreciation oftangible | fixed assets | |||
| —owned assets | 10,457 | 15,622 | ||
| Rent (operating lease) |
48,062 | 23,988 | ||
| Independent Examiners' |
remuneration | |||
| —charity | 1,550 | 1,400 | ||
| —group | 1,860 | 1,705 |
| RAISING FUNDS | |||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | ||||
| Fundraising expenses: |
|||||||
| Salaries | 1,825 | 1,825 | 9,509 | ||||
| Printing, postage &stationery |
85 | 85 | 333 | ||||
| Telephone | 125 | 125 | 439 | ||||
| Trading expenses: | |||||||
| Purchases for resale |
15,023 | 15,023 | 47,322 | ||||
| Accountancy | 310 | 310 | 305 | ||||
| Bank charges | 89 | 89 | 101 | ||||
| 17,457 | 17,457 | 58,009 | |||||
| CHARITABLE ACTIVITIES | |||||||
| Disposal ofwaste | 575 | 575 | 881 | ||||
| Salaries | 166,881 | 11,610 | 178,491 | 269,519 | |||
| Recruitment expenses |
|||||||
| Volunteers expenses |
3,097 | 3,097 | 9,554 | ||||
| Training &travel | 323 | 323 | 1,687 | ||||
| Sundry staff costs | 1,193 | 1,193 | 2,389 | ||||
| Rent | 48,062 | 48,062 | 23,988 | ||||
| Rates &water | 1,405 | 1,405 | 33,374 | ||||
| Premises insurance | 2,608 | 2,608 | 2,569 | ||||
| Light, heat &power | 12,687 | 12,687 | 22,217 | ||||
| Premises, maintenance | &cleaning | 2,714 | 2,714 | 14,622 | |||
| Depreciation | 2,057 | 8,400 | 10,457 | 15,622 | |||
| Loss on disposal ofasset | 336 | ||||||
| Van running costs |
7,244 | 7,244 | 13,662 | ||||
| Riser-recliner hire expenditure |
429 | 429 | 424 | ||||
| Workshop &office | 5,066 | 5,066 | 10,279 | ||||
| Printing, postage &stationery | 1,295 | 1,295 | 2,438 | ||||
| Telephone | 3,103 | 3,103 | 4,831 | ||||
| Legal, accounting &other professional | fees | 5,864 | 5,864 | 10,627 | |||
| General insurance | 4,832 | 4,832 | 5,843 | ||||
| Bank charges | 547 | 547 | 595 | ||||
| Subscriptions | 258 | 258 | 1,324 | ||||
| Accountancy —Independent | examination | 1,550 | 1,550 | 1,400 | |||
| 271,790 | 20,010 | 291,800 | 460,877 |
| CONSOLID | ATED FUNDS | MOVEMENT | ||||
|---|---|---|---|---|---|---|
| Brought | Transfers & | Carried | ||||
| forward | Income | Expenditure | Capital costs | forward | ||
| Unrestricted | funds: | |||||
| General Fund | 73,148 | 372,857 | 289,247 | 156,758 | ||
| 73,148 | 372,857 | 289,247 | 156,758 |
| Brought | Carried | |||||||
|---|---|---|---|---|---|---|---|---|
| forward | Income | Expenditure | Transfers | forward | ||||
| Restricted | funds | by | Department: | |||||
| Operations | 18,984 | 10,000 | 19,760 | 9,224 | ||||
| Electrical | 500 | 250 | 250 | |||||
| 19,484 | 10,000 | 20,010 | 9,474 |
| 9. COMPARATIV |
E | S FO | RTHE STATEMENT | OF FINANCIAL ACTIV | ITIES | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | ||||
| INCOME | ||||||
| Income from charitable | activities | (note 2) | 317,982 | 30,378 | 348,360 | |
| Other activities (note | 3) | |||||
| Donations and legacies |
18,977 | 18,977 | ||||
| Other trading activities | 67,938 | 67,938 | ||||
| Income from investments | 617 | 617 | ||||
| Other income | 2,927 | 2,927 | ||||
| 90,459 | 90,459 | |||||
| Total Income | 408,441 | 30,378 | 438,819 | |||
| EXPENDITURE | ||||||
| Raising funds (note 5) | 58,009 | 58,009 | ||||
| Charitable activities (note 6) |
407,687 | 40,494 | 448,181 | |||
| Total Expenditure | 465,696 | 40,494 | 506,190 | |||
| Net Income/(Expenditure) | (57,255) | (10,116) | (67,371) | |||
| Balances transferred | between | funds | ||||
| Funds brought forward |
at 1April 2019 | 130,403 | 29,600 | 160,003 | ||
| Funds carried forward | at 31March 2020 | 73,148 | 19,484 | 92,632 |
| Plant and | Motor | |||
|---|---|---|---|---|
| Equipment | Vehicles | Total | ||
| Cost | ||||
| As at 1April 2020 | 110,247 | 76,962 | 187,209 | |
| Additions in year |
||||
| Disposals in year | (2,604) | (2,604) | ||
| Balance at 31March 2021 | 107,643 | 76,962 | 184,605 | |
| Depreciation | ||||
| As at 1 April 2020 | 91,717 | 65,502 | 157,219 | |
| Charge for year | 5,724 | 4,733 | 10,457 | |
| Eliminated on disposals |
(2,517) | — | (2,517) | |
| Balance at 31March 2021 | 94,924 | 70,235 | 165,159 | |
| Net BookValue | ||||
| At 31March 2021 | 12,719 | 6,727 | 19,446 | |
| At 31March 2020 | 18,530 | 11,460 | 29,990 | |
| 11. | FIXEDASSETINVESTMENTS | |||
| Investment in subsidiary |
Shares | Loan | Total | |
| At 1 April 2020 and 31March 2021 | ||||
| 2021 | 2020 | |||
| 12. | DEBTORS - GROUP | |||
| Trade debtors | 2,235 | 4,530 | ||
| Other debtors Bcprepayments |
22,448 | 23,729 | ||
| VAT recoverable | 9,804 | 606 | ||
| 34,487 | 28,865 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| 13. | DEBTORS —PARENT COMPANY | |||||
| Trade debtors | 2,057 | 2,570 | ||||
| Other debtors Rprepayments | 41,109 | 40,226 | ||||
| VAT recoverable | 8,676 | 1,833 | ||||
| 51,842 | 44,629 | |||||
| 14. | CREDITORS - GROUP | |||||
| Trade creditors | 15,662 | 6,131 | ||||
| Accruals and deferred | income | 1,950 | 12,705 | |||
| Other creditors | 725 | 101 | ||||
| Tax and social security | 3,256 | 3,566 | ||||
| 21,593 | 22,503 | |||||
| 15. | CREDITORS —PARENT COMPANY | |||||
| Trade creditors | 14,722 | 5,762 | ||||
| Accruals and deferred | income | 1,650 | 12,405 | |||
| Other creditors | 725 | 101 | ||||
| Tax and social security | 3,257 | 3,566 | ||||
| 20,354 | 21,834 | |||||
| 16. | OTHER FINANCIAL COMMITMENTS | |||||
| FRP had the following | commitments | under operating | leases, falling due as follows | |||
| Land and buildings | ||||||
| Within one year | 22,709 | 26,500 | ||||
| Within two to five years | 41,671 | 3,833 |