REGISTERED COMPANY NUMBER: 03325809 (England and Wales) REGISTERED CHARITY NUMBER: 1061545
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
FOR
LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
Ellis Atkins, Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA
LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |||
|---|---|---|---|
| Chair's Report | 1 | ||
| Report of the Trustees | 2 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Notes to the Financial Statements | 10 | to | 17 |
| Detailed Statement of Financial Activities | 18 | to | 19 |
LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2021
2020/2021 has been a significant year for children's emotional wellbeing and mental health services in Surrey. The way services are delivered is being transformed by a new Alliance of organisations made up of NHS and national and local voluntary sectors.The Alliance is working to impressive principles: children and young people will have a cental voice in decisions about their care and there will be more opportunity to access a range of services.
These changes come at a time when COVID has turned into a mental health crisis for young people, with studies showing that most countries have seen a doubling of mental health issues for younger age groups. Additional support services provided in Surrey include 24/7 crisis lines for children and families, new teams providing wellbeing services directly into schools and communities and a new support for neurodevelopmental services.
Learning Space is proud to be working at the heart of this new service as an Alliance partner together with Surrey and Borders Partnership NHS Foundation Trust, The Tavistock and Portman NHS Foundation Trust, Surrey Wellbeing Partnership, Barnardo's and The National Autistic Society.
We believe Learning Space's model of support offers a therapeutic mix of solution focused coaching, mentoring and creative activities which is customised to the individual needs of the child or young person and delivered by our skilled team of experienced practitioners.
The next year will be an exciting one working together to realise the transformational ambition of the Alliance and Learning Space is well placed to make a significant contribution.
Page 1
LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objects of the charity
The provision of training and other facilities to help young people and teenagers from the county of Surrey develop their physical and mental capacities, so that they may grow to realise their full potential.
Activities of the charity
The charity supports projects that aim to:-
a) identify young people in Surrey, mainly in the 13 to 18 years of age range, whose relationships have broken down and whose experiences have left them with feelings of despair and alienation and no sense of purpose and fulfilment,
b) enable these young people to meet hitherto unmet challenges in their lives by working alongside them and offering encouragement, trust and support and
c) encourage and build on young people's strengths and abilities and enable them to realise their full potential as members of the community.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commissioner's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
The trustees are satisfied that the charity continues to meet the required public benefit test through its objectives and activities.
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE Charitable activities Achievements and performance in 2020-21
We have now completed the fifth year of a contract with Surrey and Borders NHS Trust to deliver 1:1 support to children and young people referred to as the Surrey Mindsight CAMHS service. The number of families we supported this year was a total of 935. This was provided via a mixture of face to face,online, in school and group work with children and young people and parents. In response to COVID we had to bring sessions online for the first part of the year but were able to resume face to face from September 2020.
Our Understanding Autism group for parents also had to be adapted this year due to the pandemic. Our ASD Lead practitioner prepared a PowerPoint presentation which delivers the course content via a set of slides together with narration. This is emailed to families who are then invited to a virtual follow up Q&A for additional detail and signposting.
Attempts were made to move online all our regular group offers (Bubble Group for highly anxious young people; Youth Voice and Parent Voice) for the first part of the year. However, we were pleased to resume face to face in September as this interaction is crucial to the overall success of these interventions
The SPA 500 project which began in Jan 2020 continued throughout this year and offered both individual and group support to children and families referred by CAMHS. Where possible children and young people were offered a choice of intervention which included close collaboration with their families if appropriate.
In addition to the above we have continued to deliver a weekly support service to eleven Surrey schools which is funded either through their individual delegated budgets or through a non-recurrent funding stream for Surrey school accelerator sites.
In preparation for the recommissioning of Surrey CAMHS in April 2021 Learning Space became one of the new Emotional Wellbeing Mental Health Service (EWMHS) Alliance partners. This will involve us not only in direct service delivery but also in the governance and management of the new service.
Learning Space is also a partner in a new legal entity known as the Surrey Wellbeing Partnership (SWP). The primary driver for the formation of the SWP was the desire of the CAMHS Clinical Commissioning Group (CCG) to reduce the number of contracting participants. Their strong preference was to contract with a single supplier rather than a series of several, individual point-to-point contracts.
FINANCIAL REVIEW
Financial Review for 2020-2021
The results for the year show that the charity made a deficit for the year of (£21,390) compared to last year's surplus of £31,696 and the reserves of the charity decreased from £220,787 as at 31st March 2020 to £199,397.
The deficit of was due to the unsuccessful bid to renew the LPF contract at the end of 2020 which provided £83.5k of funding in the previous accounting year which has not been made up by increased CAMHS services funding in this accounting year.Wages costs have also increased by £48,128 despite the drop in income due partly to the employment of 6 additional staff in March 2021 to provide the staffing resources for the new contract with SWP.
Reserves policy
The charity has established that reserves should be held which amount to four months operational costs. As at 31st March 2021, the charity can confirm that this objective has been met.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity's governing document is its Memorandum and Articles of Association dated 17th February 1997 and as amended on 29th November 2000 and 25th May 2005.
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
Learning Space is governed by its Board of Trustees, which meets three times each year. It delegates day to day authority to the Management Committee.
One of the Learning Space practitioners also attends the Management Committee meeting to represent the organisation's employees.
Trustee selection method
Trustees are selected from interested local persons representing community professions, for example the police, clergy, medical professionals and counselling services.
Risk management
The role of the Trustees
-
-To ensure that appropriate risk management is embedded throughout the charity
-
-To communicate the charity's approach to risk and set standards of conduct expected of staff
-
-To ensure risk management is included in the development of business plans, budgets and when considering
-
strategic decisions
-
To approve major decisions affecting the charity's risk profile or exposure
-
To satisfy itself that everyday risks are being actively managed and controlled
-
The role of the LS Manager
-
To ensure that risk management policy is implemented throughout the organisation
-
To anticipate and consider emerging risks and to keep under review the assessed level of likelihood and impact
-
of existing key risks
-
Provide regular and timely information to the trustees on the status of risks and their mitigation
-
To implement adequate corrective action in responding to significant risks
.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
03325809 (England and Wales)
Registered Charity number
1061545
Registered office
Enterprise Court Unit 2 3 Mill Street Redhill Surrey RH1 6PA
Trustees
Rev J Nelson Porter (resigned 19/11/2020) Canon David Eaton (resigned 18/3/2021) Susan Light Claire Parry Jayne Mockler Alison Hopkins Senel Govind Treasurer (appointed 11/12/2020) Michael Scott Chairman (appointed 1/3/2021) Sue Swain Fossey (appointed 1/12/2021)
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Philip Longstaff FCA Institute of Chartered Accountants in England & Wales Ellis Atkins, Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA
Bankers
Santander 301 St Vincent Street Glasgow G2 5HN
MEMBERS' GUARANTEE
The members of the Charity have each undertaken to contribute a maximum of £10 to the assets of the Charity in the event of the same being wound up while he or she is a member or within twelve months of their ceasing to be a member.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... Michael Scott - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
Independent examiner's report to the trustees of Learning Space (a company limited by guarantee) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England & Wales which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Philip Longstaff FCA Institute of Chartered Accountants in England & Wales Ellis Atkins, Chartered Accountants The Atrium Business Centre Curtis Road Dorking Surrey RH4 1XA
Date: .............................................
Page 6
LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 150 Charitable activities 4 Counselling services 335,553 Investment income 3 265 Other income 5 13,411 Total 349,379 EXPENDITURE ON Charitable activities 6 Counselling costs 370,769 NET INCOME/(EXPENDITURE) (21,390) RECONCILIATION OF FUNDS Total funds brought forward 188,876 TOTAL FUNDS CARRIED FORWARD 167,486 |
Restricted funds £ - - - - - - - 31,911 31,911 |
31/3/21 Total funds £ 150 335,553 265 13,411 349,379 370,769 (21,390) 220,787 199,397 |
31/3/20 Total funds £ 575 360,005 448 - |
|---|---|---|---|
| 361,028 329,332 |
|||
| 31,696 189,091 |
|||
| 220,787 |
The notes form part of these financial statements
Page 7
LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET 31 MARCH 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 12 19,234 CURRENT ASSETS Debtors 13 48,527 Cash at bank 162,197 210,724 CREDITORS Amounts falling due within one year 14 (62,472) NET CURRENT ASSETS 148,252 TOTAL ASSETS LESS CURRENT LIABILITIES 167,486 NET ASSETS 167,486 FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 31,911 31,911 - 31,911 31,911 31,911 |
31/3/21 Total funds £ 19,234 48,527 194,108 242,635 (62,472) 180,163 199,397 199,397 167,486 31,911 199,397 |
31/3/20 Total funds £ 1,461 60,074 208,404 268,478 (49,152) 219,326 220,787 220,787 188,876 31,911 220,787 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET - continued 31 MARCH 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Michael Scott - Trustee
............................................. Senel Govind - Trustee
The notes form part of these financial statements
Page 9
LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
The following specific policies are applied to particular categories of income:-
-
Donations and similar incoming resources are only included in the SOFA when the charity has unconditional entitlement to the resources.
-
Investment income is included in the accounts when receivable.
-
Where incoming resources have related expenditure the incoming resources and related expenditure are reported gross in the SOFA.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
The charity allocates its support costs on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer & office equipment
- 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
The unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and have not been designated for other purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
Charitable company
The charitable company, Learning Space, (charity number 1061545, company number 03325809), is a company limited by guarantee and has no share capital.
continued...
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 2. DONATIONS AND LEGACIES 31/3/21 £ Donations 150 3. INVESTMENT INCOME 31/3/21 £ Deposit account interest 265 4. INCOME FROM CHARITABLE ACTIVITIES 31/3/21 Activity £ School Service Agreements Counselling services 75,938 LPF & CAMHS fees Counselling services 245,654 SWP fees Counselling services 6,461 SCC fees Counselling services 7,500 335,553 5. OTHER INCOME 31/3/21 £ Job Retention Scheme grant 13,411 6. CHARITABLE ACTIVITIES COSTS Support Direct costs (see Costs note 7) £ £ Counselling costs 343,494 27,275 7. SUPPORT COSTS Information Governance Management Finance technology costs £ £ £ £ Counselling costs 18,617 4,230 3,928 500 |
31/3/20 £ 575 31/3/20 £ 448 31/3/20 £ 64,975 282,530 - 12,500 |
|---|---|
| 360,005 | |
| 31/3/20 £ - Totals £ 370,769 |
|
| Totals £ 27,275 |
continued...
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
7. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
| Management | ||
|---|---|---|
| 31/3/21 | 31/3/20 | |
| Counselling | Total | |
| costs | activities | |
| £ | £ | |
| Rent | 4,350 | 4,335 |
| Insurance | 1,250 | 1,364 |
| Training and subscriptions | 3,284 | 2,988 |
| Telephone | 3,031 | 2,012 |
| Recruitment | 275 | - |
| Travel expenses | 1,484 | 3,598 |
| Light and heat | 332 | 447 |
| Rates | 911 | 897 |
| Accounts preparation | 560 | - |
| Depreciation of tangible assets | 3,140 | 487 |
| 18,617 | 16,128 | |
| Finance | ||
| 31/3/21 | 31/3/20 | |
| Counselling | Total | |
| costs | activities | |
| £ | £ | |
| Trustees' fees | 4,230 | - |
| Bank charges | - | 90 |
| 4,230 | 90 | |
| Information technology | ||
| 31/3/21 | 31/3/20 | |
| Counselling | Total | |
| costs | activities | |
| £ | £ | |
| IT support | 3,928 | 1,156 |
| Website design | - | 2,000 |
| 3,928 | 3,156 |
continued...
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31/3/21 | 31/3/20 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 3,140 | 487 |
| Independent Examiner's fee | 500 | 515 |
9. TRUSTEES' REMUNERATION AND BENEFITS
The following trustees received remuneration from the charity during 2020/21:-
Senel Govind - bookkeeping £4,230
No other trustees received remuneration or benefits for the year ended 31st March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
31/3/21 £ 313,366 18,348 3,624 335,338 |
31/3/20 £ 263,202 16,302 3,476 |
|---|---|---|
| 282,980 |
The average monthly number of employees during the year was as follows:
| 31/3/21 | 31/3/20 | |
|---|---|---|
| Charitable activities | 20 | 17 |
No employees received employee benefits in excess of £60,000.
The trustees consider the aggregate employment benefits of the key management personnel for 2021 to be £45,836 (2020 - £41,332 )
continued...
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 575 Charitable activities Counselling services 360,005 Investment income 448 Total 361,028 EXPENDITURE ON Charitable activities Counselling costs 329,332 NET INCOME 31,696 RECONCILIATION OF FUNDS Total funds brought forward 157,180 TOTAL FUNDS CARRIED FORWARD 188,876 12. TANGIBLE FIXED ASSETS COST At 1 April 2020 Additions At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
Restricted Total funds funds £ £ - 575 - 360,005 - 448 - 361,028 - 329,332 - 31,696 31,911 189,091 31,911 220,787 Computer & office equipment £ 9,766 20,913 30,679 8,305 3,140 11,445 19,234 1,461 |
Total funds £ 575 360,005 448 |
|---|---|---|
| 361,028 329,332 |
||
| 31,696 189,091 |
||
| 220,787 |
continued...
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Accrued income Prepayments 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes VAT Fees received in advance Other creditors Accrued expenses 15. MOVEMENT IN FUNDS At 1.4.20 £ Unrestricted funds General fund 188,876 Restricted funds Restricted Fund 31,911 TOTAL FUNDS 220,787 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 349,379 TOTAL FUNDS 349,379 |
31/3/21 31/3/20 £ £ 6,428 58,239 525 585 38,990 - 2,584 1,250 48,527 60,074 31/3/21 31/3/20 £ £ 7,925 5,332 23,154 21,656 24,172 20,417 4,426 - 2,795 1,747 62,472 49,152 Net movement At in funds 31.3.21 £ £ (21,390) 167,486 - 31,911 (21,390) 199,397 Resources Movement expended in funds £ £ (370,769) (21,390) (370,769) (21,390) |
|---|---|
continued...
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.19 £ Unrestricted funds General fund 157,180 Restricted funds Restricted Fund 31,911 TOTAL FUNDS 189,091 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 361,028 TOTAL FUNDS 361,028 A current year 12 months and prior year 12 months combined position is as follows: At 1.4.19 £ Unrestricted funds General fund 157,180 Restricted funds Restricted Fund 31,911 TOTAL FUNDS 189,091 |
Net movement At in funds 31.3.20 £ £ 31,696 188,876 - 31,911 31,696 220,787 Resources Movement expended in funds £ £ (329,332) 31,696 (329,332) 31,696 Net movement At in funds 31.3.21 £ £ 10,306 167,486 - 31,911 10,306 199,397 |
|---|---|
continued...
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 710,407 710,407 |
Resources Movement expended in funds £ £ (700,101) 10,306 (700,101) 10,306 |
|---|---|---|
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 31/3/21 | 31/3/20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 150 | 575 |
| Investment income | ||
| Deposit account interest | 265 | 448 |
| Charitable activities | ||
| School Service Agreements | 75,938 | 64,975 |
| LPF & CAMHS fees | 245,654 | 282,530 |
| SWP fees | 6,461 | - |
| SCC fees | 7,500 | 12,500 |
| 335,553 | 360,005 | |
| Other income | ||
| Job Retention Scheme grant | 13,411 | - |
| Total incoming resources | 349,379 | 361,028 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 309,136 | 263,202 |
| Social security | 18,348 | 16,302 |
| Pension contributions | 3,624 | 3,476 |
| Room hire | 9,620 | 13,176 |
| Resource expenses | 2,766 | 5,606 |
| 343,494 | 301,762 | |
| Support costs | ||
| Management | ||
| Rent | 4,350 | 4,335 |
| Insurance | 1,250 | 1,364 |
| Training and subscriptions | 3,284 | 2,988 |
| Telephone | 3,031 | 2,012 |
| Recruitment | 275 | - |
| Travel expenses | 1,484 | 3,598 |
| Light and heat | 332 | 447 |
| Rates | 911 | 897 |
| Accounts preparation | 560 | - |
| Depreciation of tangible assets | 3,140 | 487 |
| 18,617 | 16,128 |
This page does not form part of the statutory financial statements
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LEARNING SPACE (A COMPANY LIMITED BY GUARANTEE)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 31/3/21 | 31/3/20 | |
|---|---|---|
| £ | £ | |
| Management | ||
| Finance | ||
| Trustees' fees | 4,230 | - |
| Bank charges | - | 90 |
| 4,230 | 90 | |
| Information technology | ||
| IT support | 3,928 | 1,156 |
| Website design | - | 2,000 |
| 3,928 | 3,156 | |
| Governance costs | ||
| Accountancy | 500 | 525 |
| Legal fees | - | 7,671 |
| 500 | 8,196 | |
| Total resources expended | 370,769 | 329,332 |
| Net (expenditure)/income | (21,390) | 31,696 |
This page does not form part of the statutory financial statements
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