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|||Page|
|---|---|---|
|Trustees'
report||1-5|
|Independent
auditor's|report|6-8|
|Statement
offinancial|activities||
|Balance sheet||10-11|
|Statement ofcash flows|||
|Notes to the financial|statements|13-30|
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||||Un resbdicted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||Notes|2021
6|2021
8|2021
f|2020
8|2020
8|2020
6|
||en||||||||
|Donations
and legacies
Chaditable
activities
Investments
Other income||4
5
6
7|130,256
966,689
2
32,123|95,887|226,143
966,689
2
32,123|4I,RIB
1,459,451
8
31,202|79,070|120,965
1.459,451
8
31,202|
|Total Income|||1,129,070|95,887|1,224,957|1,532,556|79,070|1,611,626|
|~aaadittitttga;|||||||||
|Raising funds||8|6,208||6,208||||
|Charitable
activities||9|1,394,539|108,144|1,5M,683|1,575,775|79,436|1,655,211|
|Other|||5,108|8,194|13,302|5,487||5,487|
|Totalexpenditure|||1,405,855|114,338|1,520,193|1,581,262|79,436|1,660,698|
|Net gains/(losses)|on||||||||
|investments||14|37,307||37,307|57,288||57,288|
|Net (outgoing)/incoming|||||||||
|resources before|transfers||(239,478)|(18,451)|(257,929)|8,582|(366)|8,216|
|Gmss transfers|||||||||
|between
funds|||7,053|(7,053)|||||
|Net movement
In funds|||(232,425)|(25,504)|(257,929)|8,582|(366)|8,216|
|Fund balances at 1|||||||||
|September 2020|||1,777,046|526,069|2.303,115|1,771,328|526.435|2,294,899|
|Fund balances at31August
2021|||1,544,621|500,565|2,045,186|1,777,046|526,069|2,303,115|
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|||Notes|6|2021|2020
6|
|---|---|---|---|---|---|
|Fixed assets||||||
|Tangible assets
investment
properties
Investments||15
16
17||'l,212,891
445,000
114,154|1,261,311
418.745
103,102|
|Current assets||||1,772,045|1,783,158|
|Stocks
Debtors
Cash at bank and in|hand|18
19|14,648
126,197
323,360||17,414
68,796
698,982|
||||||785,192|
|Creditors: amounts|falling due within|||||
|one year||||||
|Loans and overdralls
Taxaticn snd social security
Other creditors
Deferred income||21
23|25,526
25,976
49,874
58,590||25,451
27,507
43,561
112,017|
||||159,966||208,536|
|Net current assets||||304,239|576,656|
|Total assets less cunent gabilities||||2,076,284|2,359,814|
|Creditors: amounts|failing due after|||||
|more than one year||22||(31,098)|(56,699)|
|Net assets||||2,045,186|2,303,115|
|Income funds||||||
|Restricted funds
Unrestricted
funds||25||500,565
1,544,621|526,069
1,777,046|
|||||2,045,186|2,303,115|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|6||6||
|Cash flows from operating||activities||||||
|Cash (absorbed by)/generated
operations||from|28||(329,061)||259,240|
|Investing
activities||||||||
|Purchase oftangible fixed assets||||(24,037)||(12,586)||
|Proceeds on disposal oftangible
fixed||||||||
|assets||||3,000||7,500||
|Purchase of investments||||||(97,500)||
|Investment
gains reinvested||||||(5,602)||
|Investment
inoome received||||||8||
|Net cash used in investing||activities|||(21,035)||(108,180)|
|Repayment of bank loans||||(25,526)||(24,538)||
|Payment ofobfigstlons
under||finance leases||||||
|Net cash used in financing||activities|||(25,526)||(24,538)|
|Net (decrease)lincmase
in cash and
equivalents|||cash||(375,622)||126,522|
|Cash snd cash equivalents|at beginning||ofyear||698,982||572,460|
|Cash and cash equivalents||at end of|year||323,360||698,982|
|Relating to:||||||||
|Cash at bank and in hand|||||323,360||698,982|
|Bank overdrafis
included
in|creditors|||||||
|payable
within one year||||||||
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|Donations and legacie|s||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||funds|funds||funds|funds||
||202'l|2021|2021|2020|2020|2020|
||8|8|8|||2|
|Donations and gifts|2,583||2,583|2,653||2,653|
|General Grants|127,673|95,087|222,760|39,242|63,870|103,112|
|Other||800|800||15,200|15,200|
||130,256|95,887|226,143|41,895|79,070|120,965|
|Grants receivable for|||||||
|core activities|||||||
|Job Retention Scheme|93,524||93,524|39,242||39,242|
|General Grants|58,149|71,087|129,236|-|63,870|63,870|
|Other|(24,000)|24,000|||||
||127,673|95,087|222,760|39,242|63,870|103,112|
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|||6|8|
|Interest|receivable|2|8|
||Unrestricted|Unrestricted|
|---|---|---|
||funds|funds|
||2021|2020|
||6|8|
|Net gain on disposal oftangible fixed assets|764|1,070|
|Rental Income|31,359|30,132|
||32,123|31,202|
|Raising f|un|ds|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds||
||||2021|2020|
|||||5|
|raisin||a|||
|Advertising|||150||
|~ra ii~costs|||||
|Operating|charity shops||2.088||
|Other trading||acbviTies|3,970||
|Trading costs|||6,058||
||||6,208||
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||||General|General|
|---|---|---|---|---|
||||2021|2020|
||||6|6|
|Stall costs|||1,069,416|1,133,430|
|Depreciation
and impairment|||71,225|70,958|
|Durham|Works||297|2,013|
|Alternative|education||25,225|34,121|
|Prince's Trust|||71,683|'l17,732|
||||1,237,846|1,358,254|
|Share of|support costs (ses nots 10)||160,492|199,128|
|Share of|governance|costs (see note 10)|102,345|97,831|
||||1,500,683|1,655,211|
|Analysis|by fund||||
|Unresetcted
funds|||1.394,539|1,575,775|
|Restricted|funds||106,144|79,436|
||||1,500.683|1,655,211|
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|10|Support|costs|||||||
|---|---|---|---|---|---|---|---|---|
||||Support Governance||2021|Support|Governance|2020|
||||costs|costs||costs|costs||
|||||8||5|||
||Staffcosts||1|86,169|86,170||85,130|85,130|
||Depreciation||(9,197)||(9,197)||||
||Rent and|utility costs|16,829|3,462|20,291|20,704|3,876|24,580|
||Motor and fuel costs||9,346||9,346|30,371||30,371|
||Repair and maintenance||||||||
||costs||36,480||36,480|36,218||36418|
||Telephone|and office|||||||
||costs||17,967||17,967|31,585||31.585|
||General support costs||89,066||89,066|80,248||80,248|
||Audit fees|||7,350|7.350||6,050|6,050|
||Legal and|professional||5,364|5,364||2,775|2,775|
||||160,492|102.345|262,837|199,126|97,831|296,957|
||Analysed|between|||||||
||Charitabte|activities|160,492|102,345|262.837|199,126|97,831|296,957|
##
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##
|12|Employees||(Continued)|
|---|---|---|---|
||Employment
costs|2021
6|2020f|
||Wages and salaries|924,393|1,080,727|
||Social security costs|172,583|95.645|
||Other pension costs|58,610|42,188|
|||1,155,585|1,218,560|
||Unrestricted|Restricted|Total|Unrestricted|
|---|---|---|---|---|
||funds|funds||funds|
||||8||
||2021|2021|2021|2020|
|Net loss on disposal oftamgible fixed assets||8,194|8,194||
|Bank Charges and intersesi|5,108||5,108|5,487|
||5,108|8,194|13,302|5,487|
##
|||||Unmstricted|Unrsstdctsd|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2020|
|||||6|2|
|Revaluation|of|investments||11,052|5,602|
|Revaluation|of|investment|proper0es|26,255|51,686|
|||||37,307|57,288|
##
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##
||||2021
6|2020f|
|---|---|---|---|---|
|Cost|||459,852|459,852|
|Accumulated||depreciation|101,991|92,793|
|Carrying|amount||561,843|552,645|
||||2021|2020|
||||6|6|
|Freehold|||445,000|418,745|
|Long leasehold|||||
|Short leasehold|||||
##
||Ad(I|
|---|---|
||investments
1f|
|Cost or valuation||
|At 1 September 2020|103,102|
|Valuation changes|11,052|
|At 31August 2021|114,154|
|Carrying
amount||
|At 31August 2021|114,154|
|At 31August 2020|103,102|
|||2021
6|2020f|
|---|---|---|---|
|Investments|at fair value comprise:|||
|Unit Trust investment||114,154||
##
##
|18|Stocks|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||8|8|
||Finished|goods and goods for resale||14,648|17,414|
|19|Cebtors|||||
||Amounts|felling due within one year:||2021
8|2020f|
||Trade debtors|||89,419|35,102|
||Other debtors|||286|286|
||Prepayments||end accrued income|36,492|33,408|
|||||126.197|68,796|
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6|8|
||Bankloans||||56,624|82,150|
||Payable
within one year||||25,526|25,451|
||Payable alter ons year||||31,098|56,699|
||Lioyds Bank PLC have||a fixed and floating charge ofthe Charity's|assets.|||
|21|Other creditors falling due within one year||||||
||||||2021
8|2020f|
||Trade creditors||||35,059|27,211|
||Other creditors||||6,199|6,364|
||Acciuals and deferred||Income||8,616|9,986|
||||||49,874|43,561|
|22|Creditors: amounts|falling due after more than one year|||||
||||||2021|2020|
|||||Notes|8|8|
||Bank loans|||20|31,098|56,699|
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||8|8|
|Other deferred inoome|||||58,590|112,017|
|Deferred|income is|included|in the financial statements|as follows:|||
||||||2021
8|2020f|
|Deferred|income is|Included|within:||||
|Current|liabilities||||58,590|112,017|
|Movements
in the year:|||||||
|Deferred|Income at|1 September 2020|||112,017||
|Released from previous
periods
Resources defamed
in the year|||||(M,427)|112,017|
|Deferred|income at|31August|2021||58,590|112,017|
##
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##
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|26|Analysis ofnet assets|Analysis ofnet assets|between
funds||||||
|---|---|---|---|---|---|---|---|---|
||||I/nrestrlcted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||2021|2021|2021|2020|2020|2020|
|||||E||6|E|8|
||Fund balances at 31||||||||
||August 2021 are||||||||
||represented|by:|||||||
||Tangible assets||729,787|483,104|1,212,891|908,757|352,554|1,261,311|
||Investment|properties|445,000||445,000|418,745||418,745|
||Investmsnts||114,154||114,154|103,102||103,102|
||Current assetsl||||||||
||(liabilities)||286,778|17,461|304,239|403,113|173,543|576,656|
||Long term|liabilities|(31,098)||(31,098)|(56,699)||(56,699)|
||||1,544,621|500,565|2,045,186|1,777,018|526,097|2,303,115|
##
||||||
|---|---|---|---|---|
|Cash generated
from operati|ons||2021|2020|
||||6|8|
|(Deficit}/surpus
for the year|||(257,929)|10,953|
|Adjustments
for:|||||
|Investment
income recognised|in statement|offinancial activities|(2)|(8)|
|Loss/(gain)
on disposal oftangible fixed assets|||6,666|(1,070)|
|Fair value gains and losses on|inveslment|properties|(26,255)|(51,686)|
|Fair value gains and losses on|Investments||(11,052)|(5.602)|
|Depredation
and impairment
oftangible fixed assets|||62,791|70,958|
|Movements
in working capital:|||||
|Decrease in stacks|||2,786|987|
|(Increase)/decrease
in debtors|||(57,401)|119,724|
|Increase in creditam|||4,782|2,967|
|(Decrease)/increase
in deferred|income||(53,427)|112,017|
|Cash (absorbed by)/generated|from operations||(329,061)|259,240|
##
##
|29|Analysis ofchanges|ln net funds|||||
|---|---|---|---|---|---|---|
||||At|1September|Cash flows|At 01August|
|||||2020f||2021|
||Cash at bank and in hand|||698,982|(375,622)|323,360|
||Loans falling due within|one year||(25,451)|(75)|(25,526)|
||Loans falling due aller|mole than one year||(56,699)|25,601|(31,098)|
|||||616,832|(350,096)|266,738|