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2021-03-31-accounts

FIRST FRUIT

ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

CHARITY REGISTRATION No: 1066749 COMPANY REGISTRATION No: 03477267

Baldwin Scofield Ltd Chartered Accountants Statutory Auditors 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU

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FIRST FRUIT
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Pages 2 to 6 Report of the Directors
Pages 7 to 9 Independent Auditors’ Report
Page 10 Consolidated Statement of Financial Activities
Page 11 Consolidated Balance Sheet
Page 12 Charity Balance Sheet
Pages 13 to 23 Notes to the Financial Statements
Page 24 Consolidated Statement of Cashflows
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FIRST FRUIT
(A COMPANY LIMITED BY GUARANTEE)
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REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2021

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1066749

COMPANY REGISTRATION NUMBER 03477267 START OF FINANCIAL YEAR ist April 2020

END OF FINANCIAL YEAR 31st March 2021

TRUSTEES

Peter Sell (Chairman) Bruce Stokes Christina Baby (Managing Director) Charles Oham Julia Acott Pia Ellis (appointed 12th May 2020)

Trustees are appointed by the existing trustees.

REGISTERED ADDRESS

34 Norwich Road Forest Gate London E7 9JH

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DATE OF INCORPORATION 28th November 1997
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GOVERNING DOCUMENT

Memorandum and Articles of Association

BANKERS Primary Barclays Bank Plc Newham Business Centre 737 Barking Road London E13 9PL

AUDITORS

Baldwin Scofield Ltd Chartered Accountants Statutory Auditors 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU

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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2021

The trustees are pleased to present their report together with the financial statements of the charity for the year ending 31° of March 2021.

Reference and administrative details set out on page 2 form part of this report. The financial statements comply with current statutory requirements, the memorandum of association and in accordance with the Companies Act 2006 and Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)).

Structure, Governance and Management.

First Fruit was incorporated as a company limited by guarantee on 28 November 1997 with company number 3477267 and is registered with the Charity Commission with number 1066749, The Charity operates from its premises at 34 Norwich Road, Forest Gate E7 9JH.

The trustees act as company directors for Companies Act purposes and meet regularly to manage its affairs. The group overall employs thirteen staff, 6 are full time and 7 are part time, who are engaged in charitable activities, flnance and day to day administration.

Objectives and activities

The objectives of First Fruit are: 1 The advancement of the Christian Faith: This is done through teaching and training, and releasing people’s skills to serve others as a demonstration of the churches’ mission in the world and encouraging churches to work together to achieve this.

2

First Fruit has been pursuing these objectives through the running of homeless hostels, social enterprises and developing the network of churches. The aim in each of these areas is to provide a sense of security and belonging to develop basic work and domestic disciplines within a supported and caring but commercial environment. The work with the network of churches encourages Christians to pray and work together In every sphere of life to make a difference and bring the transforming love of God to the people and community of Newham and East London. Social enterprises are run through First Fruit, housing though Just Homes and the work with churches through an associated charity Transform Newham.

First Fruit’s soclal enterprises are dependent on the work of volunteers. Apart from trustees First Fruit does not receive significant donations in kind or other intangible income.

Public Benefit

The charity alms to provide a variety of accommodation and support provisions for a spectrum of people falllng under the homeless, unemployed and/or with a history of drug and alcohol abuse, women with young children with no recourse to public funds and families in low income brackets, The charity considers the provision of accommodation and support to the above client group and activities contributes to public benefit. Between the various projects the charity has the ability to provide accommodation based support to 48 single men and up to 12 women. The social enterprises also reaches out to supporting between 15 to 20 voluntary work placements.

The trustees have had due regard to the Charity Commission's guide on public benefit in planning activities for the year.

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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2021

Achievements and performance

Last year has been an exceptional year and the impact of covid was felt by First Fruit group of charities and social enterprises as it did everyone across the world. The social enterprises bore the brunt of the negative impact of the virus. In a bid to keep everyone safe, we closed down Aspire completely during lockdown. However on the positive front since September 2020 we have re-opened and have been operating safely but at a limited capacity.

Natural Harvest has had to close down completely since April 2020 to keep both volunteers and staff safe. We kept in contact with the volunteers through lockdown and supported them as best as we possibly could under the circumstances. We also enabled a large percentage of the volunteers to access the vaccines through a key worker programme supporting the homeless and the vulnerable of Newham. On the positive front in May 2021 we re-opened the café and are working safely within government guidelines. Operating safely and abiding by social distancing measures does mean we will be able to support fewer numbers of volunteers at any given point of time. However we are once again open to business and experimenting to see if we can survive in this tough climate and provide support to our client group.

Just Homes Charity stepped up to the mark and provided a commendable service right through the pandemic. Staff and residents joined ranks to keep the service open and safe during lock down and with particular emphasis on protecting the medically vulnerable both on the client and staff front, We are proud to say that we kept the hostels covid free right through 2020 and it was in early Feb 2021 and with the new highly transmissible Kent variant arriving on the scene that covid finally breached our walls. Once again staff and residents joined ranks and we successfully contained the spread and took care of the few sick residents in house. We also managed to offer the vaccination to the staff and vulnerable residents through a local council scheme and later offer vaccination to all residents. We also managed to secure a fair supply of PPE that enabled us to operate safely. We supported our residents to adapt to the fast changing world around us especially in terms of technology and communication means,

Men’s work: Over the course of the year we have supported 74 clients of which we moved on 30 men from our projects. In spite of very difficult circumstances presented by covid, we have been fairly successful in moving on residents. Of the 30 that moved on 10 have moved on with employment, 11 moved into privately rented accommodation and 9 returned to friends and family. While with us 8 took up formal education and training, 5 took up work placements either with First Fruit group of projects or with external providers. last year we had a 99.6% occupancy rate.

Women’s work: Jast year we have supported 14 adults and 14 children through our women’s work. We have now developed a wide network of agencies to support these women in addition to the support we provide. 6 mothers and their 7 children moved on from our services last year. 3 were accommodated through the Housing Office and 3 were supported by Social Services to find move on accommodation.

Through our network of local partners we were able to offer counselling services to our women. Through the covid crisis we have been able to access digital meetings for some of our clients. This has proved to be a great benefit to the women as most of them have had a horrendous past and have been struggling to deal with the trauma. We were also able to access 15 hours of free childcare for some of the toddlers in our care. The networking has also enabled us to offer free parenting skills learning opportunities to our women clients.

In spite of everything, last year has been a very successful year in terms of proving our resilience and of staff and residents joining ranks and working together. Together we survived a pandemic and also manage provide real! support to clients both on our men’s and women’s work.

Post financial year events:

Natural Harvest Café was reopened in May 2021.

Purchase of property 1. First Fruit Charity is in the process of purchasing half of one of the properties that is presently being used for our women’s work. The landlord had given the charity advance notice to enable the charity to secure funds and purchase the property. We hope to complete the sale process during the latter part of 2021.

Strategy to address end of lease on Property 2. Another one our hostels is reaching the end of the present lease on the premises. As the landlord intends to redevelop the site we are due to give the property back to the landlord in March 2022. First Fruit is in talks with Charity Bank with a view to raising a mortgage and purchase properties to replace the building we will lose at the end of the financial year. The trustees are working hard to maintain our capacity and we continue provide supported accommodation in Newham.

For clarity, the properties will be purchased by First Fruit and with the intent for Just Homes Charity to provide accommodation based support from these premises.

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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2021

Financial Review

The First Fruit Group has a consolidated free cash reserve of £589,427 before long term liabilities. arm continues to be the main activity of the charity.

Just Homes the Housing

In the financial year 2018 to 19, First Fruit charity took out a mortgage with Charity Bank and bought the property 1 Cumberland Road from the landlord. In the financial year 2021 to 22, First Fruit Charity is in negotiation with Charity Bank to refinance its existing loan with a view of acquiring 2 further properties to replace the capacity we are due to lose when the lease finishes on one of the existing properties Just Homes Charity has use of. Purchasing properties will enable us to secure the properties and maintain the number of bed spaces for our accommodation based support provided through Just Homes Charity. Being an accommodation based provider of support it is in the interest of the charity to own its own accommodation facilities. We have also invested in improving the facilities of our accommodation provisions.

In the financial year starting April 2021 First Fruit Charity is also looking at purchasing half of a property that is currently being used for its women’s work. The money for the purchase comes from the reserves of the charity. Since we have had advance notice from the landiord of his intention to sell, the charity had time to build up reserves to purchase the property.

Both Natural Harvest and Aspire have suffered adversely due to the covid crisis and have been facing an uncertain future since March 2020. However in the financial year starting April 2021 we are hopeful that we may be able to bring these projects back to life.

Risk Management

The trustees have reviewed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate those risks.

The above report is prepared in accordance with the special provisions within Part 15 of the Companies Act 2006 relating to small companies.

Management accounts are examined at every trustees meeting. During the year the trustees have carried out a review of the Charity’s internal financial controls and checked that separate funds are accounted for and reported correctly in the accounts. The accounts presented are complete set of accounts. The Trustees are of the opinion that First Frult group is a going concern and is in a financial position to settle outstanding invoices, bills and commitments as and when they fall due. The reserves levels of the charity and group were also examined during the course of the year and the trustees are happy with the levels of reserves.

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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2021

Statement of Director's responsibilities:

The Trustees (who are also directors of First Fruit Charity for the purposes of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company Jaw 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 the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

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.

DISCLOSURE OF INFORMATION TO AUDITORS

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

I approve the attached statement of financial activities and balance sheet for the year ended 31 March 2021, and confirm that I have made available all information necessary for its preparation.

Date: pPfod if rnnn BOR

Signed on behalf of the board by C Baby, Secretary

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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF FIRST FRUIT

OPINION

We have audited the financial statements of First Fruit (the 'parent charity') and its subsidiaries (the 'group') for the year ended 31 March 2021 set out on pages 10 to 24. The financial reporting framework that has been appiled in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FIRST FRUIT

OTHER INFORMATION

The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financlal statements and our Auditor's report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other Information. If, based on the work we have performed, we conclude that there is a materlal misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard,

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees’ responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company Jaw) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters relating to going concem and using the going concern basis of accounting unless the Trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no reallstic alternative but to do so.

AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material If, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF FIRST FRUIT

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in tine with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud Is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities, This description forms part of our Auditors' report.

USE OF OUR REPORT

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed,

Baldwin Scofield Ltd Fait dehrival la

Chartered Accountants Statutory Auditors

3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU TTT rc f .2021

Baldwin Scofield Ltd are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

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FIRST FRUIT

(A COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021

Notes Unrestricted
Funds		 Restricted
Funds		 TOTAL
2021/20		 TOTAL
2020/19
£ E £ £
INCOME AND ENDOWMENTS FROM:
Donations and Legacies 2.a 88,775 0 88,775 142,272
Investments 2.b 239 0 239 647
Charitable Activities 2.c 998,322 0 998,322 757,044
Other 2.d 1,289 ) 1,289 4,827
TOTAL INCOME 1,088,625 0 1,088,625 904,790
EXPENDITURE ON:
Charitable Activities 3.a 892,771 0 892,771 823,942
TOTAL EXPENDITURE 892,771 0 892,//1 823,942
NET INCOME/ (EXPENDITURE) 195,853 ) 195,853 80,848
RECONCILIATION OF FUNDS:
Total Funds Brought Forward 11 1,071,949 0 1,071,949 991,101
TOTALFUNDSCARRIEDFORWARD 1,267,002 0 1,267,802 1,071,949

Movements on ail reserves and all recognised gains and losses are shown above, All of the organisation's operations are classed as continuing.

The notes on pages 13 to 23 form part of these financial statements.

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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED BALANCE SHEET

AS AT 31ST MARCH 2021

Registration number: Registration number: 03477267
Note Unrestricted
Funds
£		 Restricted
Funds
£		 31-Mar-21
Total
£		 31-Mar-20
Total
£
Fixed Assets
Tangibleassets 5.a 1,048,123 0 1,048,123 1,096,255
Investments 6 0 0 18] 0
Current Assets
Debtors
Cash at bank and in hand		 Zz 30,057
665,024		 0
0		 30,057
665,024		 23,457
430,874
Total CurrentAssets 695,081 0 695,081 454,331
Creditors: amounts falling due within one 8 105,654 0 105,654 97,878
year
NET CURRENT ASSETS 589,427 0 589,427 356,453
Creditors: amounts falling due in more 8.a 369,748 0 369,748 380,759
than one year
TOTAL ASSETS less current liabilities 1,267,802 0 1,267,802 1,071,949
NET ASSETS 1,267,802 0 1,267,802 1,071,549
Funds ofthe Charity
General Funds 11 1,267,802 0 1,267,802 1,071,949
Restricted Funds 0 0 0 ff)
TotalFunds 1,267,802 0 1,267,802 1,071,949

The directors are satisfied that for the year ended on 31 March 2021 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, an audit is required in accordance with section 151 of the Charities Act 2011.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)).

The directors acknowledge their responsibility for ensuring that the company keeps proper accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and if its profit and loss for the 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 accounts, so far as applicable to the company.

Approved by the Directors on BJA RA ne2021 and

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Signed on their behalf by ..........s:esseserenseseeree, Director/Trustee
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P. SEW-
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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

CHARITY BALANCE SHEET AS AT 31ST MARCH 2021

Unrestricted Restricted 31-Mar-21 31-Mar-20
Funds Funds Total Total
Note £ £ £ £
Fixed Assets
Tangible assets 5.b 1,038,526 0 1,038,526 1,069,283
Investments 6 1,000 0 1,000 1,000
Current Assets
Debtors 7 2,077 0 2,077 277
Cash at bank and in hand 324,967 0 324,967 169,229
Total Current Assets 327,044 0 327,044 169,506
Creditors: amounts falling due within one year 8 93,557 0 93,557 95,404
NET CURRENTASSETS/(LIABILITIES) 233,487 0 233,487 74,102
Creditors: amounts falling due in more 8.a 369,748 0 369,748 380,759
than one year
TOTAL ASSETS less current liabilities 903,265 0 903,265 763,626
NET ASSETS/(LIABILITIES) 903,265 0 903,265 763,626
Funds ofthe Charity
General Funds 903,265 0 903,265 763,626
Restricted Funds 0 0 0 0
TotalFunds 903,265 0 903,265 763,626

The directors are satisfied that for the year ended on 31 March 2021 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, an audit is required in accordance with section 151 of the Charities Act 2011.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard applicabie in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)).

The directors acknowledge their responsibility for ensuring that the company keeps proper accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and if its profit and loss for the 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 accounts, so far as applicable to the company.

Approved by the Directors on ts eer and

Signed on their behalf by P Sell, Director/Trustee

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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

1. Accounting Policies

1.1) Basis of Preparation

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

First Fruit 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.

Consolidation

The group consolidated financial staternents combine the results of the charitable company First Fruit and Its subsidiary undertakings, Aspire Community Enterprise (East London) Ltd, First Fruit Trading Limited and Just Homes Charity.

The net income and expenditure result for the year dealt with in the accounts of the First Fruit Charity was £139,639 (2020/19; £101,764).

1.2) Material prior period errors and changes to previous accounts

No material prior period errors have been identified in this accounting period and there have been no changes to previous accounts.

1.3) Preparation of accounts on a going concern basis

Preparation of the accounts is on a going concern basis, The Trustees are of the view that the level of reserves will support the charity going forward.

1.4) Income

Income is included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the income;

1.5) Interest receivable

Interest on funds held on deposit is included when receipt is probable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.6) Grants and Donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).

1.7) Income Tax Recoverable

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initia! donation unless the donor or the terms of the appeal have specified otherwise. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation, Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.8) Legacies

For legacies, entitlement is taken as the earller of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed If material.

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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

1.9) Donated services and facilities

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102), the general volunteer time of the Friends is not recognised and refer to the Trustees report for more Information about their contribution. On receipt donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market, a corresponding amount is recognised in expenditure in the period of receipt.

1.10) Government Grants

The charity has not received any government grants in the reporting period.

1.11) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund.

1.12) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits wili be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at centrally. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

1.13) Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

1.14) Tangible Fixed Assets

The value of assets donated to the charitable company is not reflected in the financial statements unless the value is specifically advised.

Tangible Fixed Assets costing more than £250 are capitalised and included at cost including any incidental costs of acqulsition. Depreciation is calculated at a rate to write off the cost less estimated residual value of tangible fixed assets over its expected life. The rates used are:

First Fruit Just Homes Just Homes
(Charitable company) (subsidiary Charitable company)
2021/20 2020/19 2021/20 2020/19
Fixtures and Fittings = - 25% 25% straight line
Motor Vehicles 25% 25% 25% 25% straight line
Computer Equipment 33% 33% 33% 33% straight line
Leasehold Improvements - - 25% 25% straight line
Computer Software - - 25% 25% straight line
FreeholdProperty 2% 2% - - straightline

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FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

2. INCOMEAND ENDOWMENTS FROM: Unrestricted Restricted TOTAL TOTAL
Funds Funds 2021/20 2020/19
Notes £ £ £ £
a) Donations and Legacies
Donations 3,724 - 3,724 51,561
Gift Aid Tax Reclaimed (on current and prior year/s donations) 7,575 - 7,575 -
Grants - Lempriere Pringle 75,000 - 75,000 65,000
Grants - Latimer Christian Fellowship - - - 237351
Grants - Other 2,476 - 2,476 2,360
88,775 - 88,775 142,272
b) Investments
Bank Interest 239 - 239 647
239 - 239 647
¢) Charitable Activities
Housing: Housing Benefits and Social Services Payments 995,595 - 995,595 722,466
Clothes Recycling: Sale of Collected Clothing 2,684 - 2,684 6,258
Cafe 43 - 43 28,320
998,322 - 998 322 757,044
d) Other
Bad Debt Recovered 1,280 - 1,280 -
Gain on Sale ofAsset - - - 4,500
Sundry Income 9 - 9 327
1,289 - 1,289 4,827

15

FIRST FRUIT

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

3. EXPENDITURE ON: Unrestricted Restricted TOTAL TOTAL
Funds Funds 2021/20 2020/19
Notes £ £ £ £
a) Charitable Activities
Direct Costs
Housing 711,070 - 711,070 607,195
Clothes Recycling 32 . 32 3,095
Cafe (Note: 2021/20 is refund of prior year expenditure) (581) - (581) 17,286
Small Grants 1,200 . 1,200 580
Support, Advice and other related costs 3.b 164,051 - 164,051 165,563
Write offBad Debt - - - 4,420
Governance Costs
Accountancy and Independent Examination Fees 6,409 - 6,409 7,677
Audit Fees 9,840 - 9,840 5,040
Legal and Professional Fees 750 - 750 13,086
892,771 - 892,771 823,942

Support, Advice and other related costs include:

2021/20 2020/19
£ £
Cleaning 100 250
Computer software 305 319
Depreciation 48,132 63,820
Insurance 997 977
Office equipment 1,213 1,005
Other 1,533 1,297
Mortgage Interest 11,998 10,243
Payroll 50 180
Postage and stationery 1,048 1,121
Refreshments 274 144
Salaries and NI 95,913 83,648
Subscriptions 748 445
Telephone - 1,033
Training 834 is
Travel 643 524
Van Expenses 263 507
Volunteers - 50
164,051 165,563

3.b) Support, Advice and other related costs by activity

The Support, Advice and other related costs are wholly attributable to the management of the social enterprises (Natural Harvest Café) and the management oversight of the subsidiary charity Just Homes Charity.

Social Management TOTAL
Enterprises Oversight
(Café) JustHomes 2021/20
Pa £ £
Support, Advice and other related costs 41,013 123,038 164,051
41,013 123,038 164,051

16

FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

4. NET INCOME/ (EXPENDITURE)

This is stated after charging: after charging:
TOTAL TOTAL
2021/20 2020/19
£ £
Auditors’ remuneration - audit 9,840 5,040
Depreciation - Tangible Fixed Assets 48,132 63,820
‘ a
5.(a) TANGIBLE FIXED ASSETS - GROUP
Freehold
Cumberland Road		 Freehold
—PlashetGrove		 Leasehold
_[Mprovements		 Fixtures and
Fittings		 Motor
Vehicles		 Computer
Equipment		 Total
£ £ £ £ £ £ £
Title: EGL409429 Title: EGL201893
Cost 01-Apr-20 500,000 577,012 227,861 23,736 48,643 30,826 908,078
Additions - . - - . ~ -
Cost at 31-Mar-21 500,000 577,012 227,861 23,736 48,643 30,826 1,408,078
Depreciation 01-Apr-20 7,397 34,620 206,517 18,243 14,354 30,692 311,823
Charge 10,000 11,540 13,988 3,252 9,217 134 48,132
Depreciation at 31-Mar-21 17,397 46,160 220,505 21,495 23,571 30,826 359,955
Net Book Value 31-Mar-21 482,603 530,852 7,356 2,241 25,072 - 1,048,123
Net Book Value 31-Mar-20 492,603 542,392 21,344 5,493 34,289 134 =61,096,255
5.(b) TANGIBLE FIXED ASSETS - CHARITY
Freehold Freehold Motor Computer
Cumberland Road
E		 PlashetGrove
£		 Vehicles
£		 Equipment
£		 Total
£
Title: EGL409429 Title: EGL201893
Cost
Additions		 01-Apr-20 500,000
-		 577,012
-		 36,869
-		 21,194
=		 1,135,075
“
Cost at 31-Mar-21 500,000 577,012 36,869 21,194 1,135,075
Depreciation
Charge		 01-Apr-20 7,397
10,000		 34,620
11,540		 2,581
9,217		 21,194
-		 65,792
30,757
Depreciation at 31-Mar-21 17,397 46,160 11,798 21,194 96,549
NetBook Value 31-Mar-21 482,603 530,852 25,071 - 1,038,526
NetBookValue 31-Mar-20 492,603 542,392 34,288 - 1,069,283

17

FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

6. INVESTMENTS

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Holding|Valuation|Valuation|Historical| |(a)|Unlisted|investments|comprise|of:|01/04/2020|31/03/2021|Cost| |£|£|£| |First|Fruit Trading|Ltd|100%|1,000|1,000|20,000| |(b)|Subsidiary|undertakings|which|have|been| |included|in|the|consolidated|financial|statements| |are:| |Before|adjusting|for|intercompany|management charges| |Aspire|Just|Homes|First|Fruit| |Community|Charity|Trading|Ltd| |Enterprise| |Ltd| |Nature|of Control|Appointment|Appointment|100%| |of|directors|ofdirectors|shareholding| |Nature|of Activities|Clothing|Housing|Natural| |Collection|Projects|Harvest|Café| |£|£|£| |Net|assets|7,856|340,652|17,028| |Turnover|2,684|1,053,219|43| |Expenditure|2,550|996,262|920| |Profit/(Loss)|for|the|year|134|56,957|(877)| |After adjusting|for|intercompany|management|charges| |Aspire|Just|Homes|First|Fruit| |Community|Charity|Trading|Ltd| |Enterprise| |Ltd| |Nature|of Control|Appointment|Appointment|100%| |of|directors|ofdirectors|shareholding| |Nature|of Activities|Clothing|Housing|Natural| |Collection|Projects|Harvest|Café| |E|£|£| |Net|assets|7,856|340,652|17,028| |Turnover|2,684|1,003,219|43| |Expenditure|750|734,262|920| |Profit/{Loss)|for the|year|1,934|268,957|(877)|

----- End of picture text -----

18

FIRST FRUIT

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

7. DEBTORS AND PREPAYMENTS

Group

Charity

Total Total Total Total
31-Mar-21 31-Mar-20 31-Mar-21 31-Mar-20
£ £ £ E
Other Debtors - 6 1,800 -
PAYE AND NI 815 - - -
Prepayments 277 277 277 277
Staff Loans 100 100 - -
Trade Debtors 28,865 23,080 - -
30,057 23,463 2,077 277
8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
Group Charity
Total Total Total Total
31-Mar-21 31-Mar-20 31-Mar-21 31-Mar-20
£ £ £ £
Deferred Income 75,000 75,000 75,000 75,000
Accountancy Fees 5,460 1,086 = =
Audit Fees 9,840 5,040 5,040 5,040
Independent Examination Fees (2019) - 2,994 : -
Independent Examination Fees (2020) - 2,400 2,400 2,400
Other Creditors 4,156 83 106 1,953
Taxation 32 159 - ~
Trade Creditors 155 105 < -
Mortgage 11,011 11,011 11,011 11,011
105,654 97,878 93,557 95,404

8.a) CREDITORS AND ACCRUALS: AMOUNTS FALLING AFTER ONE YEAR

AFTER ONE YEAR
Group Charity
Total Total Total Total
31-Mar-21 31-Mar-20 31-Mar-21 31-Mar-20
£ £ E £
Mortgage 369,748 380,759 369,748 380,759
369,748 380,759 369,748 380,759

19

FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

9. STAFF COSTS, NUMBERS AND THE COST OF KEY MANAGEMENT PERSONNEL

31-Mar-21 31-Mar-20
£ £
Gross Wages and Salaries 448,951 314,176
Employer's National Insurance Costs 34,958 21,813
Employer Pension Contributlons 15,708
499,617		 12,725
348,714

Average number of employees who were engaged in each of the following activities:

31-Mar-21 31-Mar-20
TOTAL TOTAL
Activities in furtherance oforganisation's objects 11,75 12
ManagementandAdministration 1 1

Number of employees whose total employee benefits (excluding employer pension and national insurance costs) fell within each band of £10,000 from £60,000 upwards:

Band Number of employees
£60,000 to £69,999 -
£70,000 to £79,999 1
£80,000 to £89,999 .
£90,000 to £99,999 -
£100,000to£109,999 -

Staff are paid through the PAYE system.

The Key Management Personnel comprises the Board of Trustees and the Managing Director.

The total employee benefits paid to key management personnel (including employer national insurance and employer pension contributions) was £95,299 (2020/19: £72,197).

10. DIRECTORS AND OTHER RELATED PARTIES

No remuneration was paid to directors in respect of such office.

One trustee/director received remuneration for their role as CEO under a contract of employment. These payments are authorised by the Memorandum and Articles of Association of the company.

31-Mar-21 31-Mar-20
£ £
C Baby (gross salary) 78,277 58,682
C Baby (employer pension) 9,039 6,609
C Baby (employer NI contribution) 7,983 6,906
M Rex(CBaby'sson;grosssalary} 7,421 3,144

----- Start of picture text -----
102,720 75,341
----- End of picture text -----

One related party to trustee C Baby (M Rex, her son) received remuneration of £7,421 (2020/19: £3,144) and employer national insurance of £712 (2020/19: £223) was paid by Just Homes Charity (a subsidiary charity of First Fruit) for their work as a Support and Office Administrator.

In the previous financial year, Just Homes Charity, (a subsidiary charity of First Fruit), paid rent of £7,200 to Hannah Watherston, a trustee of First Fruit.

No other payments were made to directors or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.

Management Charges were paid to the parent charity First Fruit, by its subsidiary undertakings, for the use of premises, staff time and resources, The amounts paid are detailed below:

20

FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

2021/20 2020/19
£ £
Just Homes Charity 90,000 88,000
First FruitTrading Ltd - 12,000
Aspire Community Enterprise (East London) Ltd 1,800 1,200
91,800 101,200
Just Homes Charity also paid rent of £36,000 in 2021/20 to First Fruit for rental of Plashet Grove (2020/19: £24,000) and
rent of£36,000 to First Fruit for rental of Cumberland Road (2020/19: £18,000).
11. STATEMENT OF FUNDS
Statement of Funds CurrentYear
Balance Income Expenditure Gains/(Losses) Balance
01-Apr-20 31-Mar-21
£ £ £ £ £
Unrestricted funds
General Unrestricted Funds 1,071,949 1,088,625 (892,771) = 1,267,802
Restricted funds
Womens Work (Madeline House) - - - - -
TOTAL OF FUNDS 1,071,949 1,088,625 (892,771) - 1,267,802
Statement of Funds Prior Year
Balance Income Expenditure Galns/(Losses) Balance
01-Apr-19 31-Mar-20
£ £ £ £ £
Unrestricted funds
General Unrestricted Funds 991,101 904,790 (823,942) - 1,071,949
Restricted funds
Womens Work (Madeline House)		 - 900 (900) - -
+ 900 -
900		 - -
TOTALOF FUNDS 991,101 905,690 (824,842) - 1,071,949
12. SUMMARY OF FUNDS
Summary offunds ; Current Year
Balance Income Expenditure Gains/{Losses) Balance
01-Apr-20 31-Mar-21
£ £ £ £ £
General funds 1,071,949 1,088,625 (892,771) - 1,267,802
Restricted funds - - - - -
1,071,949 1,088,625 (892,771) - 1,267,802
Prior Year
Balance Income Expenditure Gains/(Losses) Balance
01-Apr-19 31-Mar-20
£ £ £ E E
Genera! funds 991,101 904,790 (823,942) - 1,071,949
Restricted funds = 900 (900) es
991,101 905,690 (824,842) - 1,071,949

Just Homes Charity also paid rent of £36,000 in 2021/20 to First Fruit for rental of Plashet Grove (2020/19: £24,000) and rent of £36,000 to First Fruit for rental of Cumberland Road (2020/19: £18,000).

21

FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

—_Current
Year
Unrestricted
Restricted
Total		 —_Current
Year
Unrestricted
Restricted
Total		 —_Current
Year
Unrestricted
Restricted
Total
Fund Fund TOTAL
£ £ £
Tangible Fixed Assets 1,048,123 - 1,048,123
Current assets 695,081 - 695,081
Creditors due within one year (105,654) - (105,654)
Creditors due in more than one year (369,748) - (369,748)
1,267,802 ~ 1,267,802
PriorYear
Unrestricted Restricted Tota!
Fund Fund 2019
£ £ £
Tangible Fixed Assets 1,096,255 - 1,096,255
Current assets 454,331 - 454,331
Creditors due within one year (97,878) - (97,878)
Creditors due in more than one year (380,759) - (380,759)
1,071,949 - 1,071,949

14, CONTROLLING PARTY

The charity First Fruit is limited by guarantee, and is controlled by its board of trustees (directors).

15. TAXATION

The charity First Fruit is a registered charity (number 1066749) and is exempt from taxation in accordance with Part 10 of the Income Tax Act 2007; all expenditure is applied for charitable purposes and therefore has no liability to corporation tax. Any corporation tax payable by subsidiary companies on trading profits is computed and paid separately. Value Added Tax is not recoverable by the charity and is therefore included in the relevant costs in the SoFA.

16. COMPANY STATUS

The charity First Fruit is a company limited by guarantee. The members of the charitable company include the trustees named on page 2. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

17. PENSION COMMITMENTS

The charity First Fruit operates a defined contributions pension scheme, The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £15,708 (2020/19: £12,725).

18. POST BALANCE SHEET EVENTS

The charity First Fruit has agreed to purchase a share in a property located in Shrewsbury Road, London to provide supported housing accomodation. The purchase price to be paid by the charity for their share is expected to be £193,500, and the sale is anticipated to complete in the latter part of 2021.

The charity First Fruit Is also In current negotiations with Charity Bank to secure funding for the purchase of an additional two properties to provide supported housing accomodation, in order to replace a rented property that is approaching the end of its tenancy. Further details can be found in the Trustees Annual Report.

22

FIRST FRUIT

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

19. LEASING COMMITMENTS

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

2021/20
£
Rolling lease 41,100 per annum
Leases expiring within one to five years 69,987 per annum
Leases expiring Inover5years - perannum

111,087

Rentals applicable to operating leases are charged to the SoFA over the period in which the cost is incurred. Assets purchased under finance leases are capitalised as fixed assets. Obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charges. Finance charges are written off to the SoFA over the period of the lease so as to produce a constant periodic rate of change.

23

FIRST FRUIT (A COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31ST MARCH 2021

2021/20 2020/19
£ 3
Cash used in operating activities (a) 245,161 168,322
Cash used from investing activities
Interest income ss 438
Purchase of tangible fixed assets - (539,519)
Cash provided by (used in)
investing activities - (539,081)
Cash flowsfrom financing activities
Repayment oflong term borrowing (11,011) (8,230)
Cash inflows from new long term borrowing - 400,000
Cash used in financing activities (11,011) 391,770
Increase/(decrease) in cash and
cash equivalents in the year 234,150 21,011
Cash and cash equivalents at the
start of the year 430,874 409,863
TOTAL cash and cash equivalents
atthe end ofthe year (b) 665,024 430,874
(a) Reconciliation of net movement in funds to net cash flow from operating activities
2021/20 2020/19
E £
Net movement in funds 195,853 80,848
Add back depreciation charge 48,132 63,819
Deduct interest income shown
in investing activities - (438)
Decrease/(increase) in debtors (6,600) 7,597
Increase/(decrease) in creditors 7,776 16,496
Netcashusedinoperatingactivities 245,161 168,322

(b) Analysis of cash and cash equivalents

2021/20 2020/19
£ £
Cash at bank and in hand 665,024 430,874
Total cash and cash equivalents 665,024 430,074
At start Cash flows Acquisition/ New Fair value Foreign At end
of year disposal of
subsidiaries		 finance
leases		 movements exchange
movements		 ofyear
£ £ £ £ £ £ £
Cash 430,874 234,150 0 0 0 0 665,024

24