Company registration number: 3414027 Charity registration number: 1064715
Salcare Ltd
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2021
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Salcare Ltd
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 to 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 19 |
Salcare Ltd
Reference and Administrative Details
Trustees Kathryn Godfrey Shelley Scott Fiona Pearson Jamie Bird Senior Management Team Jacqueline Bell, Director of Services Charity Registration Number 1064715 Company Registration Number 3414027 Registered Office 59 Ray Street Heanor Derbyshire DE75 7GF Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
Salcare Ltd
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2021.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Kathryn Godfrey Shelley Scott Fiona Pearson (appointed 20 June 2020) Jamie Bird
Jade Revill-Ross (resigned 13 April 2021)
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 04/08/1997 and most recently amended 25/01/2018. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Recruitment and appointment of trustees
Potential trustees are interviewed following a Trustee Skills Analysis; vacancies are advertised through local public & voluntary sector networks and through our membership. Two vacancies are designated for User Involvement places. Work to develop this programme is planned for 2022.
Objectives and activities
Objects and aims
To provide the relief of persons resident in the borough of Amber Valley (and the adjoining areas) who are in conditions of need, hardship and distress, particularly by the provision of furniture, other household items, and food and provisions which are calculated to relieve their needs, hardship or distress.
Objectives, strategies and activities
Family Support
Wrap-around family support services for families experiencing domestic abuse, including independent advocacy, family support & therapy for victims in Amber Valley & surrounding areas, including:
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Specialist domestic violence (DV) support for women with children, children & young people, older people, LGBT+ victims and male victims;
-
Art Therapy service for children & young people who have experienced DV in the home; - McKenzie Friend service providing support for families facing Family Court.
Practical Support
Providing practical assistance to families, including food, furniture packages, information, and signposting to welfare services.
Community Hub
Community café & shop, offering good value, nutritious food & company to local families and older people.
Page 2
Salcare Ltd
Trustees' Report
Public benefit
We help in creating safer & stronger communities where families who are moving away from abuse feel empowered to build a new future. We do this through the provision of practical & emotional support for the whole family.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
2020 was a difficult for year everyone, and for us at Salcare it was particularly difficult. Sadly, we lost our Director of Services, Dena Trossel, who died in July having served Salcare for more than 5 years, but also the Domestic Abuse sector for over 20 years, Dena worked tirelessly on risk management for victims, and will be remembered for introducing the first programme to work with perpetrators in Derby 2006, creating the foundation upon which we are now building.
Dena will be remembered by all of us at Salcare and across the wider community.
Family Support
Our DV support service referrals increased by 79% this year and with more complex cases. Partly because of the COVID pandemic, but also due to the added multiple-stresses brought about through higher-tier measures and lockdowns, uncertainty over income, food and fuel vulnerability, poor mental health and increased isolation, all impacted families lives.
We invested in our digital capability, upgraded our IT and website to improve accessibility and trained staff & volunteers to work remotely, safely, reaching more victims than ever before by developing alternatives to face to face work. The work we’re doing online to let our clients know that we are open and still providing services and this has increased awareness and has led to a significant increase in our ‘wrap around support’ offer. Referrals from partners across the public sector tripled and self-referrals doubled. By better joining up our practical support & therapy services with our domestic abuse work, the numbers of families we worked with increased to 121.
The impact of the last year on children & young people saw 45% increase in referrals to our art psychotherapy service. Our partnership with the University of Derby and its Art Therapy MA students, the Art Therapy Service doubled its capacity, working with 48 children & young people who received art psychotherapy over the year, improving their ability to cope with their feelings by over 70%.
Our McKenzie Friend service also saw an increase in need, supporting 67 people, including 30 families through Family Court.
Practical Support
Foodbank referrals quadrupled during the pandemic and consequent lockdowns; we supported 2,459 unique foodbank users, seeing an exponential rise in our work with families with children. We estimate that just over a quarter of people who received food parcels were repeat beneficiaries, which increased to a third during the final lockdown. Most of the people who came to the Foodbank had at least one child and we supported over 3,000 children, almost 100 older people, and over 720 individual men. Referrals to other agencies including Erewash Citizens Advice and local Welfare Rights teams, including Pension Welfare Rights, increased by almost 60%. The warehouse & shop closed for part of the year due to high tier restrictions and lockdowns, however the team continued to provide reduced warehouse hours to deliver emergency furniture packages to 30 families and individuals.
Page 3
Salcare Ltd
Trustees' Report
Community Hub
Our community café was hit by the pandemic and is yet to re-open, the shop had to close periodically due to lockdowns however the team delivered food parcels to those most isolated during the pandemic as well as 27 homemaker packages.
Financial review
This year the unrestricted reserves increased beyond what was forecasted. Funding was applied for to cover both the cost of activities and a proportion of the overheads.
Policy on reserves
The Board is developing its ability to balance the needs of current and future beneficiaries and is currently in the process of developing its Operating Reserve Policy to ensure the stability of the mission, services, employment, and ongoing operations of the charity.
Statement of Trustees' Responsibilities
The trustees (who are also the directors of Salcare Ltd for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Page 4
Salcare Ltd
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by: 22/12/2021
......................................... Jamie Bird Trustee
Page 5
Salcare Ltd
Independent Examiner's Report to the trustees of Salcare Ltd
Independent examiner’s report to the trustees of Salcare Ltd ('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 the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, 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 that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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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
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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.
......................................
John O'Brien MSc, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
22/12/2021 Date:.............................
Page 6
Salcare Ltd
Statement of Financial Activities for the Year Ended 31 March 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 |
Unrestricted funds £ 84,071 24,645 106 108,822 (32,347) (32,347) 76,475 76,475 104,196 180,671 |
Restricted funds £ - 227,699 - 227,699 (200,247) (200,247) 27,452 27,452 7,308 34,760 |
Total 2021 £ 84,071 252,344 106 336,521 (232,594) (232,594) 103,927 103,927 111,504 215,431 |
Total 2020 £ 84,763 113,372 221 |
|---|---|---|---|---|
| 198,356 | ||||
| (195,227) | ||||
| (195,227) | ||||
| 3,129 | ||||
| 3,129 108,375 |
||||
| 111,504 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 14.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 7
Salcare Ltd
Statement of Financial Activities for the Year Ended 31 March 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 |
Unrestricted funds £ 84,763 49,685 221 134,669 (138,773) (138,773) (4,104) (4,104) 108,300 104,196 |
Restricted funds £ - 63,687 - 63,687 (56,454) (56,454) 7,233 7,233 75 7,308 |
Total 2020 £ 84,763 113,372 221 |
|---|---|---|---|
| 198,356 | |||
| (195,227) | |||
| (195,227) | |||
| 3,129 | |||
| 3,129 108,375 |
|||
| 111,504 |
The notes on pages 10 to 19 form an integral part of these financial statements. Page 8
Salcare Ltd
(Registration number: 3414027) Balance Sheet as at 31 March 2021
| Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand 11 Creditors: Amounts falling due within one year 12 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds 14 Unrestricted income funds Unrestricted funds Total funds 14 |
2021 £ 90,449 405 128,191 128,596 (3,614) 124,982 215,431 34,760 180,671 215,431 |
2020 £ 93,884 590 23,628 |
|---|---|---|
| 24,218 (6,598) |
||
| 17,620 | ||
| 111,504 | ||
| 7,308 104,196 |
||
| 111,504 |
For the financial year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: 22/12/2021
......................................... Jamie Bird Trustee
The notes on pages 10 to 19 form an integral part of these financial statements. Page 9
Salcare Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Salcare Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing a cash flow statement
The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 10
Salcare Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Page 11
Salcare Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Grants, including capital grants; Government grants Grants from companies |
Unrestricted funds General £ 16,024 68,047 - 84,071 |
Total 2021 £ 16,024 68,047 - 84,071 |
Total 2020 £ - - 84,763 |
|---|---|---|---|
| 84,763 |
3 Income from charitable activities
| Charitable activities Grants and donations |
Unrestricted funds General £ 24,645 - 24,645 |
Restricted funds £ - 227,699 227,699 |
Total 2021 £ 24,645 227,699 252,344 |
Total 2020 £ 49,685 63,687 |
|---|---|---|---|---|
| 113,372 |
Page 12
Salcare Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
4 Grants & donations
| Derbyshire County Council NLCF Coronavirus Community Support Fund Derbyshire Police & Crime Commissioner BBC Children In Need RAD School Holiday Fund Amber Valley Borough Council HMRC Sundry donations 5 Investment income Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds £ - - - - - 35,700 32,347 16,024 84,071 Unrestricted funds General £ 106 |
Restricted funds £ 83,846 82,285 35,553 23,215 1,500 - - 1,300 227,699 Total 2021 £ 106 |
Total £ 83,846 82,285 35,553 23,215 1,500 35,700 32,347 17,324 |
|---|---|---|---|
| 311,770 | |||
| Total 2020 £ 221 |
Page 13
Salcare Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
6 Expenditure on charitable activities
| Accountancy Advertising & promotion Bank charges Cleaning Equipment Food bank expenses Insurance Internet costs Legal & professional Travelling expenses Wages, NI & Pension Office & general administrative expenses Printer costs Recruitment Repairs & maintenance Sundry expenses Supervision Tech support Telephone Training Utilities Vehicle costs Rates & water charges Depreciation Subscriptions |
Unrestricted funds Other £ - - - - - - - - - - 32,347 - - - - - - - - - - - - - - 32,347 |
Restricted funds £ 2,324 1,488 420 835 6,670 675 7,107 264 570 2,778 141,652 7,458 1,044 1,376 2,218 1,640 585 1,452 3,122 4,088 3,820 2,680 2,546 3,435 - 200,247 |
Total 2021 £ 2,324 1,488 420 835 6,670 675 7,107 264 570 2,778 173,999 7,458 1,044 1,376 2,218 1,640 585 1,452 3,122 4,088 3,820 2,680 2,546 3,435 - 232,594 |
Total 2020 £ 2,013 1,739 665 - 787 - 7,690 - 1,500 3,072 147,788 679 - - 2,468 1,154 - - 3,147 4,559 1,679 3,644 7,547 3,592 1,504 |
|---|---|---|---|---|
| 195,227 |
Page 14
Salcare Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
| 7 Net incoming/outgoing resources Net incoming resources for the year include: Depreciation of fixed assets 8 Staff costs The aggregate payroll costs were as follows: Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2021 £ 3,435 2021 £ 156,543 10,167 7,289 173,999 |
Total expenditure £ 2020 £ 3,592 |
|---|---|---|
| 2020 £ 138,572 3,726 5,490 |
||
| 147,788 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
Average number of employees
| 2021 | 2020 | ||
|---|---|---|---|
| No | No | ||
| 13 | 14 |
6 (2020 - 6) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £7,289 (2020 - £5,490).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £17,075 (2020 - £29,235).
Page 15
Salcare Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
9 Tangible fixed assets
| Land and buildings £ Cost At 1 April 2020 148,413 At 31 March 2021 148,413 Depreciation At 1 April 2020 56,397 Charge for the year 2,968 At 31 March 2021 59,365 Net book value At 31 March 2021 89,048 At 31 March 2020 92,016 10 Debtors Prepayments Other debtors 11 Cash and cash equivalents Cash on hand Cash at bank 12 Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals |
Furniture and equipment £ 21,292 21,292 20,351 235 20,586 706 941 |
Furniture and equipment £ 21,292 21,292 20,351 235 20,586 706 941 |
Computer equipment £ 8,406 |
Total £ 178,111 178,111 84,227 3,435 87,662 90,449 93,884 2020 £ 126 464 |
|
|---|---|---|---|---|---|
| 21,292 | 8,406 | ||||
| 20,351 235 |
7,479 232 |
||||
| 20,586 | 7,711 | ||||
| 706 | 695 | ||||
| 941 | 927 | ||||
| 2021 £ 405 - 405 2021 £ 77 128,114 128,191 2021 £ 1,691 1,923 - 3,614 |
|||||
| 590 | |||||
| 2020 £ 50 23,578 |
|||||
| 23,628 | |||||
| 2020 £ 3,740 795 2,063 |
|||||
| 6,598 |
Page 16
Salcare Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
13 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
14 Funds
| Unrestricted funds General General Restricted funds Food Bank Art Therapy (CIN) Tampon Tax Salcare Escape COVID Support Total restricted funds Total funds |
Balance at 1 April 2020 £ 104,196 75 2,233 5,000 - - 7,308 111,504 |
Incoming resources £ 108,822 2,800 23,215 - 119,399 82,285 227,699 336,521 |
Resources expended £ (32,347) (2,875) (25,448) (4,200) (87,052) (80,672) (200,247) (232,594) |
Balance at 31 March 2021 £ 180,671 - - 800 32,347 1,613 |
|---|---|---|---|---|
| 34,760 | ||||
| 215,431 |
Page 17
Salcare Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
| Unrestricted funds General General Restricted Food Bank Art Therapy (CIN) MHCLG Tampon Tax Total restricted funds Total funds |
Balance at 1 April 2019 £ 108,300 75 - - - 75 108,375 |
Incoming resources £ 134,669 - 21,983 34,429 7,275 63,687 198,356 |
Resources expended £ (138,773) - (19,750) (34,429) (2,275) (56,454) (195,227) |
Balance at 31 March 2020 £ 104,196 75 2,233 - 5,000 |
|---|---|---|---|---|
| 7,308 | ||||
| 111,504 |
The specific purposes for which the funds are to be applied are as follows:
Food Bank - contributes towards the costs associated with providing our food bank service. Art Therapy - contributes towards the costs associated with providing our art therapy service. Tampon Tax - contributes towards the costs associated with providing our support services. Salcare Escape - contributes towards the costs associated with providing our family support service.
15 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted General £ 90,449 93,836 (3,614) 180,671 Unrestricted General £ 93,884 16,910 (6,598) 104,196 |
Restricted £ - 34,760 - 34,760 Restricted £ - 7,308 - 7,308 |
2021 Total funds £ 90,449 128,596 (3,614) |
|---|---|---|---|
| 215,431 | |||
| 2020 Total funds £ 93,884 24,218 (6,598) |
|||
| 111,504 |
Page 18
Salcare Ltd
Notes to the Financial Statements for the Year Ended 31 March 2021
16 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
| Accounting Plus are analysed as follows: | ||
|---|---|---|
| Independent examination | 2021 £ 950 950 |
2020 £ 795 |
| 795 |
17 Taxation
The charity is a registered charity and is therefore exempt from taxation.
18 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
19 Related party transactions
There were no related party transactions in the year.
Page 19