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|**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|
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|||**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|
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||||**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|
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|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|
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|||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|
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|||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|
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|||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**|
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