2021-03-31-accounts

CONTENTS	Page
Company Information	3
Trustees' Report	4 to 7
Independent Examiner's Report	8
Statement of Financial Activities	9
Balance Sheet	10
Notes to the Financial Statements	11 to 19

		2021	2021	2021	2021	2020
		Unrestricted	Designated	Restricted	Total	Total
		funds	funds	funds	funds	funds
	Note	£	£	£	e	£
INCOMING RESOURCES
Incoming & endowments from:
Donations and legacies	2	3,058			3,058	19,138
Charitable activities	3			281,976	281,976	221,927
Other trading activities	4	25,474			25,474	60,828
Investments	5	41			41	340
Total income		28,573		281,976	310,549	302,233
RESOURCES EXPENDED
Expenditure on:
Raising funds	6
Charitable activities	7	5,041		266,273	271,314	272,387
Total expenditure		5,041		266,273	271,314	272,387
Net income / (expenditure) for the year before transfers		23,532		15,703	39,236	29,846
Transfer_between_ funds		1,150		(1,150)
Net income / (expenditure) for the year		24,682		14,553	39,235	29,846
RECONCILIATION OF FUNDS	15
Total funds brought forward		93,755	67,100	821,153	982,008	952,162
TOTAL FUNDS CARRIED FORWARD		118,437	67,100	835,706	1,021,243	982,008

			2021		2021	2021	2021	2020
			Unrestricted		Designated	Restricted	Total	Total
			funds		funds	funds	funds	funds
		Note	£		£	£	£	£
	FIXED ASSETS
	Tangible assets	•10				710,578	710,578	737,189
	CURRENT ASSETS
	Debtors	12		200		19,801	20,001	2,975
	Cash at bank and in hand	13	152,646		67,100	112,475	332,221	244,242
			152,846		67,100	132,276	352,222	247,217
	CREDITORS
−	Amounts falling due within one year	14	(34,409)			(7,148)	(41,557)	(2,398)
	NET CURRENT ASSETS		118,437		67,100	125,128	310,665	244,819
	TOTAL ASSETS,LESS CURRENT LIABILITIES		118,437		67,100	835,706	1,021,243	982,008
	FUNDS	15
	Unrestricted funds						118,437	93,755
	Designated						67,100	67,100
	Restricted funds						835,706	821,153
	TOTAL FUNDS•						1,021,243	982,008

useful life. The following rates a	nd methods are used:
Freehold land	−is not depreciated
Freehold buildings	−2% straight line basis
IT equipment	−25% straight line basis
Fixtures & Fittings	−20% straight line basis

		2021	2021		2021	2021	2020
**Note **	INCOMING RESOURCES	Unrestricted	Designated		Restricted	Total	Total
2	Donations and legacies	£	£		£	£	£
	Donations	3,058				3,058	19,138
		3,058				3,058	19,138
		2021	2021		2021	2021	2020
		Unrestricted	Designated		Restricted	Total	Total
3	Charitable activities	£	£		£	£	£
	LCC Hardship				20,560	20,560	10,563
	LCC CRG				3,000	3,000	3,000
	Library Service Income				59,403	59,403	79,204
	Co−op Library				4,335	4,335	63
	Cobalt −Fuel & Food crisis				4,080	4,080
	Cobalt −Other				577	577	700
	Covid−19 Response TNL				9,810	9,810
	CAF Covid Fund				27,734	27,734
	Reaching Communities				86,669	86,669	83,210
	WEA ESF			−	6,308	6,308	4,506
	Community Foundation				5,000	5,000	1,000
	LCVS				2,000	2,000
	LCR Env Fund				10,000	10,000
	Resonance −Soc Ent Fund				20,000	20,000
	Steve Morgan Foundation				10,000	10,000
	Martin Lewis Fund				11,500	11,500
	Tesco Grants				500	500
	64 Trust			−	500	500
	LCC Councillors Fund						2,000
	Greggs Foundation				−	−	1,975
	BBC Children in Need						9,912
	Awards for All					−	9,720
	Clothworkers Foundation						9,100
	Cobalt −Music						2,640
	Cobalt −Xmas				−		2,334
	Other						2,000
					281,976	281,976	221,927

Note		2021	2021	2021	2021	2020
		Unrestricted	Designated	Restricted	Total	Total
4	Other trading activities	£	£	£	£	£
	Other	424			424	1,925
	Rent receivable & room hire	25,050			25,050	58,903
		25,474			25,474	60,828
		2021	2021	2021	2021	2020
	INCOMING RESOURCES	Unrestricted	Designated	Restricted	Total	Total
5	Investments	£	£	£	£	£
	Bank interest receivable	41		−	41	340
		41			41	340
		2021	2021	2021	2021	2020
		Unrestricted	Designated	Restricted	Total	Total
6	RESOURCES !EXPENDED	£	£	£	£	£
	Raising funds
	Other costs
					−
		2021	2021	2021	2021	2020
		Unrestricted	Designated	Restricted	Total	Total
7	Charitable activities	£	£	£	£	£
	Activities					4,761
	Bank charges	66		138	204	333
	Building maintenance			13,282	13,282	15,476
	Café			1,170	1,170	631
	Crisis Foodbank & Pantry			32,618	32,618
	Depreciation	111		26,500	26,611	24,692
	Gmemance −see below	1,250	−		1,250	1,150
	ICT			85	85	681
	. Office & other costs	957		5,683	6,640	8,893
	Professional Fees			10,421	10,421	13,891
	Sessional Costs			19,948	19,948	16,806
	Salaries			130,098	130,098	148,913
	Payroll costs			325	325	295
	Rates			8,417	8,417	4,143
	Training			1,500	1,500	4,500
	Utilities	2,657		11,930	14,587	21,858
	Volunteer Expenses			1,580	1,580	2,893
	Insurance			2,578	2,578	2,471
		5,041		266,273	271,314	272,387

or th	e year. ended 31 March 2021
		Direct	Support &
		Charitable	Gmemance
Note		Expenditure	Costs	Total
8	Analysis of expenditure
	Total expenditure in 2021	208,580	62,734	271,314
	Total expenditure in 2020	204,576	67,811	272,387
	Analysed as follows:	2021	2020
	Direct Charitable Expenditure
	Activities		4,761
	Building maintenance	13,282	15,476
	Cafe	1,170	631
	Crisis Foodbank & Pantry	32,618
	Depreciation	26,611	24,692
	Utilities	14,587	21,858
	Salaries	98,784	117,459
	Sessional Costs	19,948	16,806
	Volunteer Expenses	1,580	2,893
		208,580	204,576
	Support & Governance Costs
	Bank Charges	204	333
	Office & other costs	6,640	8,893
	Payroll costs	325	295
	ICT	85	681
	Insurance	2,578	2,471
	Professional Fees	10,421	13,891
	Rates	8,417	4,143
	Salaries	31,314	31,454
	Training	1,500	4,500
	Gmemance −see below	1,250	1,150
		62,734	67,811
		2021	2020
	Included in Governance costs above
	Independent examiner's fees	1,250	1,150

For t	he year ended 31 March 2021
		2021	2021	2021	2021	2020
Note		Unrestricted	Designated	Restricted	Total	Total
9	Staff Costs and Employees	£	£	£	£	£
	Wages and salaries			124,244	124,244	141,431
	Social security costs			4,062	4,062	5,795
	Pension Costs			1,792	1,792	1,687
				130,098	130,098	148,913

No employee earned £60,000 or more during the year
The average number of employees during the year was:	2021		2020
DeNelopment		7		9
Administration		I		1
		8		10

		Land and
		Buildings	IT	Total
	Cost
	At 1 April 2020	1,215,394	9,211	1,224,605
	Disposals
	Additions
	At 31 March 2021	1,215,394	9,211	1,224,605
•	Depreciation
	At 1 April 2020	487,032	384	487,416
	On Disposals
	Charge for year	24,308	2,303	26,611
	At 31 March 2021	511,340	2,687	514,027
	Net Book Value
	At 31 March 2021	704,054	6,524	710,578
	At 31 March 2020	728,362	8,827	737,189

		2021	2021	2021	2021	2020
Note		Unrestricted	Designated	Restricted	Total	Total
11	Net Incoming / (Outgoing) Resources	£	£	£	£	£
	Net Resources are stated after
	charging:
	Payroll costs			130,098	130,098	148,913
	Depreciation	111		26,500	26,611	24,692
	Independent Examination fee	1,250			1,250	1,150
		1,361		156,598	157,959	174,755
		2021	2021	2021	2021	2020
		Unrestricted	Designated	Restricted	Total	Total
12	Debtors	£	£	£	£	£
	Other debtors			19,801	19,801	2,975
	Prepayments	200			200
		200		19,801	20,001	2,975
		2021	2021	2021	2021	2020
		Unrestricted	Designated	Restricted	Total	Total
13	Cash at bank and in hand	£	£	£	£	£
	Current Account & Petty Cash	152,646	9,798	112,475	274,919	186,981
	High Interest		46,772		46,772	46,734
	Premium account		10,530		10,530	10,527
		152,646	67,100	112,475	332,221	244,242
		2021	2021	2021	2021	2020
		Unrestricted	Designated	Restricted	Total	Total
14	Creditors: amounts falling due within one year		£	£	£	£
	HMRC	33,159		2,174	35,333	846
	Accruals	1,250		4,974	6,224	1,552
	Other creditors
		34,409		7,148	41,557	2,398

Note		Balance at				Balance at
15	Movement in Funds	31 March	Incoming	Resources	Transfers	31 March
		2020	Resources	Expended	In / (Out)	2021
	Unrestricted Funds	£	£	£	£	£
	General Fund	93,755	28,573	(5,041)	1,150	118,437
		93,755	28,573	(5,041)	1,150	118,437
	Restricted Funds
	Fazakerley Life Long Centre	728,362		(24,308)		704,054
	Clothworkers Foundation	8,716		(2,192)		6,524
	LCC Hardship	7,220	20,560	(9,042)	−	18,738
	LCC CRG		3,000	(2,998)		2
	Library Service Income		59,403	(59,403)
	Steve Morgan Foundation		10,000	(10,000)	−
	Martin Lewis Fund	−	11,500	(11,500)
	Co−op Library		4,335	(675)	−	3,660
	Cobalt −Music	800				800
	Cobalt −Fuel & Food crisis		4,080	(461)		3,619
	Cobalt−Xmas	1,000				1,000
	Cobalt −Other		577			577
	Greggs Foundation	1,975				1,975
	Covid−19 Response TNL		9,810	(9,810)		−
	CAF Covid Fund		27,734	(18,948)		8,786
	LCR Env Fund		10,000			10,000
	Resonance −Soc Ent Fund		20,000	(19,763)		237
	Reaching Communities	51,189	86,669	(86,586)	(1,150)	50,122
	BBC Children in Need	8,287		(1,050)		7,237
	Awards for All	9,720		(500)		9,220
	WEA ESF	3,884	6,308	(3,687)		6,505
	Tesco Grants		500			500
	64 Trust		500			500
	Community Foundation		5,000	(4,700)		300
	LCVS		2,000	(650)	−	1,350
		821,153	281,976	(266,273)	(1,150)	835,706
	Designated Funds
	Extraordinary Repair Fund	67,100				67,100
		67,100				67,100
	Total Funds	982,008	310,549	(271,314)		1,021,243