| Page | |
|---|---|
| Lega1 and adr.1inistrat'.ve infonnation | 1 - 2 |
| Trustees' report | 3--22 |
| Independentauditors' reDort | 23- 25 |
| Consolidatecstatementoffinancial actwitles | 27 - 28 |
| Consolidatedandcompar.ybalance sheets | 29 |
| Consolidatedstatementofcash flows | 30 |
| Notes totheaccour.ts | 31- 48 |
| Trustees | Professor MarkBL.:tton |
|---|---|
| Portia Charles | |
| Steve Dimon | |
| Vaierie Hopkins - Chair | |
| Steve Miiler | |
| VarkMitchell | |
| JulianTitI"1USS- ViceChair(Resigned 08!07!2021) | |
| TimCaley | |
| Reinoud Noorduijr. (Appointed_24/04/2021 )_ | |
| Resources Sub Group | Professor Mark Button - Chair |
| Steve Dimon | |
| Steve Miller | |
| Julian Titmuss | |
| Reinoud Noorduijn | |
| Service Delivery Sub Group | Mark Mitchell |
| Portia Charles | |
| Valerie Hopkins | |
| Tim Caley | |
| OfficersinaUendance | Clare Ansell |
| Marina Tuck | |
| Karen Yeung | |
| Chief Executive | Clare Ansell |
| Secretary | Clare Ansell |
| Charity number | 1069085 |
| Company number | 3512607 |
| Registered office | 6 Queen Street |
| Portsmouth | |
| Hampshire | |
| P013HL | |
| Auditors | Jones Avens Limited |
| 53Kent Road | |
| Southsea | |
| Portsmouth | |
| Hampshire | |
| P053HU |
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | Funds | r:unds | Funds | 2020 | |||
| Notes | £ | £ | £ | £ | £ | £ | £ | f | ||
| Income: | ||||||||||
| Donations | 3 | 45,102 | 68,062 | 113,164 | 29,014 | 24,502 | 53,516 | |||
| Incomefromcharitableactivities: | ||||||||||
| Provision for services for | ||||||||||
| Young People and Families | 4 | 375,757 | 510,688 | 886,445 | 596,091 | 315,830 | 911,921 | |||
| Incomefromothertradingactivities: Bicycle Recycling South Limited |
5 | 145,804 | 1,500 | 147,304 | 254,622 | 1,500 | 256,122 | |||
| - | - | |||||||||
| TotalIncome | 566,663 | 580,250 | 1,146,913 | 879,727 | 341,832 | 1,221,559 | ||||
| -- | - | | - | |||||||
| Expenditure | ||||||||||
| Expenditureonraisingfunds Income generation and publicity costs Bicycle Recycling South Limited |
5 | 40,286 153,389 |
1,500 | 40,286 154,889 |
42,043 270,870 |
1,500 | 42,043 272,370 |
|||
| ExpenditureoncharitableActivities | ||||||||||
| Provisionofservices for | ||||||||||
| Young People and Families | 6 | 260,423 | 564,417 | 824,840 | 536,397 | --- | 292,532 | 828,929 | ||
| TotalExpenditure | 454,098 | 565,917 | 1,020,015 | 849,310 | 291\,032 | 1,143,342 | ||||
| Netincome/(expenditure) | 112,565 | 14,333 | 126,898 | 30,417 | 47,800 | 78,217 | ||||
| Thenotes form part of thesfl financial statements |
| Unrestricted Funds |
Designated Funds |
Restricted Funds |
Total 2021 |
Unrestricted Funds |
Designated Funds |
Restricted Funds |
Total 7.020 |
||
|---|---|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | £ | £ | £ | £ | |
| NetIncomel(expendlture) | 112,565 | 14,333 | 126,898 | 30,417 | 41,800 | 78,217 | |||
| Transfersbetweenfunds | 10 | 11,rn | (4,165) | (7,612) | 24,689 | (20,807) | (3,882) | ||
| -- | ".-......'--" . | ||||||||
| Netmovementinfunds | 124,342 | (4,165) | 6,721 | 126,898 | 55,106 | (20,807) | 43,918 | 78,217 | |
| Reconciliationoffunds | |||||||||
| Fund Balances at 1 April 2020 | 166,066 | 210,444 | 104,917 | 481,427 | 110,960 | 231,251 | 60,999 | 403,210 | |
| ---- | |||||||||
| FundBalancesat31March2021 | 290,408 | 206,279 | 111,638 | 608,325 | 166,066 | 210,444 | 104,917 | 481,427 | |
| - | |||||||||
| "--- .. '.~ |
| Fixedassets Tangible assets I!"lVes1rr.ent Notes 12 13 Group 2021 £ 253,474 TotalFixedAssets 253,474 Currentassets Stocks Debtors Cashatbankandin r.and 14 55,780 532,873 TotalCurrentAssets 588,653 liabilities Creditors: amouf"'lS falling due within one year 15 (233,802) Netcurrentassets 354,851 Totalassetslesscurrentliabilities 608,325 ThefundsoftheCharity: Restricted funds 17 111,638 Unrestrictedfurcds: Designated funds 18 206,279 Other charitable funds General fund 290,408 Totalcharityfunds 608,325 |
Group 2020 £ 265,251 265,251 19,100 126.067 342,425 487,592 (271,416) 216.176 481.427 104.917 210,444 166,D66 481,427 |
Company 2021 £ 253,474 1 253,475 93,088 499,903 592,991 (230,675) 362,316 615,791 111,638 206,279 297,874 615,791 |
Company 2020 £ 260.222 1 |
|---|---|---|---|
| 260.223 166.853 308,053 474,906 (253,824) 221,082 |
|||
| 481,305 104,917 205,415 170,973 481,305 |
|||
| Net cashprovidedby operatingactivities Notes 21 Group 2021 £ 200,454 Cashflowsfrominvestingactivities Purchase of fixed assets (10,006) Net cash used In Investing activities (10,006) Increase Incashand cash equivalentsIntheyear 190,448 Cash and cashequivalentsat the beginningofthe year 342,.425 Total cashandcash equivalents at theendofthe year 532,813 |
Group 2020 £ 120,966 (6,036) (6.036) 114,930 227,495 342,425 |
|---|---|
| ~ncome Expenditl..:reonraising funds Expenditure on chantable activities Net :ncome Toial funds brought~orward Totalfundscarriedforward Representedby: Res:ricted income funds Unrestricted aesignated tl.mds Unrestricted general funds |
2021 £ 1,007,579 (40,286) (832,807) 134,486 481,305 615,791 111,638 206,279 297,874 615,791 |
2020 £ 976,637 (42,043) (84C.129) 94.465 386,840 481.305 104.917 205,415 170,973 481,305 |
|---|---|---|
| --- - --- 3 Donations UnrestrictedRestricted Note Funds Funds £ £ Grants 4 55,000 Coronavirus job retention scheme grant and other funding 25,146 Individual donations 7,330 13,062 Donated services and facilities 12,626 45,102 68,062 |
TotalUnrestrictedRestricted 2021 Funds Funds £ £ £ 55,000 20,000 25,146 20,392 13,723 4,502 12,626 15,291 Total 2020 £ 20,000 18.225 15,291 113,164 29,014 24,502 53,516 |
|---|---|
| Unrestricted Restricted Funds Funds £ £ Statutorylocalincome 280,581 104,886 Charlableservices and grants 84,956 405,802 Other Income 10,220 375,757 510,688 Total Unrestricted Restricted 2021 Funds Funds £ £ £ 385,467 513,507 132.342 490,758 79,152 183,488 10,220 3.432 886,445 596,091 315.830 |
Total 2020 £ 645,849 262.640 3,432 911.921 |
|---|---|
| Included withir::donationsand income from charitable activities are t | hefollowing: | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Statutorylocalincome | ||
| Portsmouth City Council PoslUve Activities | 55,535 | 70,743 |
| Hampshire Officeofthe Police&CiimeCommissioner | ||
| Intensive Support Services | 28,386 | 44.3S8 |
| Operation Divert/YIP Programmes | 76,500 | 74.500 |
| Hampshire County Council 0-19 Children's Services Gosport | 48,892 | |
| HampshireIntensiveFamilySupportSer/ice | 115,524 | 171.000 |
| Charitableservices | ||
| Hampshire Schools | 26,85{) | 71.607 |
| Portsmouth CityCaunalVirtual School and other services | 55,063 | 92,049 |
| Charitable grants | ||
| BBC Children In Need | 72,433 | 33,073 |
| Big Lottery Fund | 222,665 | 50,110 |
| HenrySmith Trust | 60,000 | 60,000 |
| Blagra ve Trust | 40,000 | 20.000 |
| GarfieldWeston | 25,000 |
bewound up. |
||
|---|---|---|
| Year ended | Year ended | |
| 31March2021 | 31March_2020_ | |
| £ | £ | |
| Income | ||
| Bicycle sales, servicing, courses. | ||
| merchandise and bike nire | 110,087 | 253,825 |
| Grants received | 1,500 | 1.500 |
| Other income | 1,535 | 797 |
| CoronavirusJobreter.llon scheme grant | ||
| and other funding | 34,182 | |
| 147,304 | 256,122 | |
| Expenditure | ||
| _Cost_ofsales | 34,293 | 48,850 |
| Salaries, wages and other staff costs | 93,990 | 166,080 |
| Utilities and support costs | 26,606 | 57,440 |
| 154,889 | 272,370 | |
| NetlossasperSubsidiaryaccounts | (7,585) | ( 16,248) |
| Total assets | 37,771 | 72,164 |
| Totalliabilities | (45,233) | (72,041) |
| Funds(representingshare capItal and reserves) | (7,462) | 123 |
| Notes Staffcosts Volunteer cos:s Partnered delivery Activities Support costs Governance costs 7 7 |
ProvisionofServices Total 2021 £ Total 2020 £ 643,563 376 5,435 28,688 122,821 23,957 664,595 684 13,101 28.433 102,797 19.319 824.840 828,929 |
|---|---|
| SupportGovernance Costs Costs £ £ 2021 £ Support Costs £ Govemance Costs £ Insurance 5,148 Premises 46,046 Communications 13,273 Transport 11,217 Computers 22,126 Subscriptions 7,564 Audit&accountancy Legal&professional Fees Trustee indemnIty insurance Depredation 12,063 Loss on saleof fixed assets 4,691 _Other_expenses 693 20,120 2,947 890 5,148 46,046 13,273 11,217 22,126 7,564 20,120 2,947 890 12,063 4,691 693 4,812 44,757 14,165 ~2 ,O78 10.368 1,823 14,870 (76) 18,244 811 264 122,821 23,957146,778 102,797 19,319 |
2020 £ Basisof allocation 4,812 44,757 14,165 12,078 10,368 1,823 18,244 - 811 14.870 - 188 Charitable Charitable Charitable Charitable Charitable Charitable Governance Govemance Governance Charitable Charitable Charitable 122,116 |
|---|---|
| NetIncomefortheyear | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Thisisstatedaftercharging: | |||
| Auditors' remuneration | |||
| Audit fees | 5,300 | 5.200 | |
| Accountancy services | 14,620 | 13.044 | |
| Bicycle Recycling South Limited | 3,727 | 5.213 | |
| Oepre<:iation | 17,092 | 30,725 | |
| Loss on disposal of fixed assets | 4.691 | ||
| Operating lease rentals - land and buildin | gs | 19,900 | 24,405 |
| - eqUipment | 2,882 | 3.482 |
| Unrestricted | Designated | Restricted | |
|---|---|---|---|
| Funds | Funds | Funds | |
| £ | £ | £ | |
| Fixed assets fund | 4,165 | (4,165) |
|
| Depreciation I!ansfers | 7,612 | (7,612) | |
| 11,777 | (4,165) |
(7,612) |
employees dL;ring the year was |
||
|---|---|---|
| ChiefExecu1rve Direct Charitable Staff Bicycle Recycling Staff Employmentcosts Wages and saiaries Social security costs Other pension costs Redundancy costs |
2021 Number 1 23 4 28 2021 £ 688,325 49,768 13,842 6,133 758,068 |
2020 NL.;mber 25 7 33 2020 £ 764,879 55,093 14,862 |
| 834,834 |
| Cost At 1 April 2020 Additions Disposals At31March2021 Depreciation At 1 April 2020 Charge fortt1~year Eliminated00disposal At31March2021 Net book value At31March 2021 At31Marcll 2020 |
Short Freehold Leasehold Computer Fixtures, Land& Land& Equipment Fittings& Buildings Buildings Equipment £ £ £ £ 282,517 11,447 52 ,B07 84,976 8,642 1,364 (11.447) (17,693) 282,517 61,449 68,647 33,569 11.447 50,857 70,623 4,863 3,870 8,359 (11.447) (13,002) 38,432 54,727 65,980 244,085 6,722 2,667 248,948 1,950 14,353 |
Motor Vehicles £ 52,006 52,006 52,006 52,006 |
Total £ 483,753 10,006 (29.140) 464,619 218,502 17,092 (24,449) 211,145 253,474 265,251 |
|---|---|---|---|
| Tangiblefixedassets (Company) | Tangiblefixedassets (Company) | |||||
|---|---|---|---|---|---|---|
| Freehold Land& Buildings £ Cost At.,April 2020 282.517 Additions Disposals At31March2021 282,517 Depreciation At1April2020 33,569 Chargefortileyear 4,863 Eliminatedondisposal At31March2021 38,432 Netbookvalue At31March2021 244,085 At31March2020 248,948 FixedassetInvestments Market value at 1 April2020and 31March2021 Short Leasehold Land & Buildings £ 11,447 - - 11,447 11,447 11,447 |
Computer Equipment £ 52,807 8,642 Fixtures, Fittings& Equipment £ 56,926 1,364 :17,693) |
Motor Vehicles £ 52,006 |
Total £ 455,7:13 "10,006 (17,693) |
|||
| 61,449 SO,857 3,870 54,727 6,722 1,950 |
40,597 47,602 3,330 (13.002) 37,930 2,667 9,324 |
52,006 52.006 52,006 |
448,016 195,481 12,063 (13,0.02) 194,542 253,474 260,222 £ |
|||
| 11,447 | ||||||
| 11,447 | ||||||
Thecompany holds |
more than 20%of | thesharecapitalo~thefol!owing | companies: | |
|---|---|---|---|---|
| Subsidiary | ||||
| Undertaking | ||||
| Company | Registered | Countryofregistration | ||
| Name | Office | orIncorporation | Class | Sharesheld |
| ·/0 | ||||
| Bjcycle Recycling | 6 Queen Street | England and Wales | Ordinary | 100 |
| South Limited | Portsmouth | (CompanyN.Jrrober8848765) | ||
| Hampshire | ||||
| P013HL |
| Trade debtors Amounts owedbygroup undertakings Other debtors Prepayments andaccrJedincome |
Group 2021 £ 30,735 467 24,578 55,780 |
Group 2020 £ Company 2021 £ 103,701 650 21,716 27,440 42,108 467 23,073 126,067 93,088 |
Company 2020 £ 93,160 54,449 650 18,594 166,853 |
|---|---|---|---|
| Group 2021 £ Trade creditors 12,567 Taxes_and_social security costs 13,328 Acc(ua!s and deferred income 207,907 233,802 |
Gro~pCompany Company 2020 2021 2020 £ £ £ 11,078 13,717 8,586 18,762 13,131 14.696 241,576 203,827 230.542 271,416 230,675 253,824 |
|---|---|
| The group rr:akes contributionsarcbehalf of11semployees in Friends Provident Stakehoider Pension Scheme. |
to NEST Retirement Fun | ds orIn10 |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| ContrbutionspayablebylI~egroupfortheyear | 13,842 | 14,862 |
| Transfers | Transfers | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | toGeneral | Balanceat | Incoming | Resources | toGeneral | Balanceat | |
| 1 April 2019 | resources | expended | Fund | 1April2020 | resources | expended | Fund31March2021 | ||
| £ | £ | £ | £ | £ | £ |
£ | £ | ||
| Toronto Place | |||||||||
| LandAid Charitable Trust Limited | 50,826 |
(1,916) | 48,910 | (1,715) | 47,195 | ||||
| OPCC | 74,500 | (74,500) | 76,500 | (76,500) |
|||||
| BBC ChildreninNeed | 33,073 | (33,073) | 72,433 | (72,433) |
|||||
| Bicycle Recycling | 7 .863 | (1.966) | 5,897 | (5,897) | |||||
| Hampshire and IsleofWight Community | |||||||||
| Foundation | 11,786 | (11,786) | 15,817 | (15,817) |
|||||
| Hampshire Police | 44.358 | (44,358) | 28,386 | (28,386) |
|||||
| PCC Future in Mind | '0.739 | (10,739) | 8,054 | (8,054) |
|||||
| Big Lottery Fund | 50,110 | (40,000) | 10,110 | 223,248 | (222.665) |
10,693 | |||
| Henry Smtth Trust | 60,000 | (40,000) | 20,000 | 60,000 | (60,000) |
20,000 | |||
| Groundwork UK | 6,000 | (6,000) | 1,000 | (1,000) |
|||||
| Hampshire County Council Grants | 8,209 | (8,209) | |||||||
| Gosport Borough Council | 5,275 | (5,275) | |||||||
| Other | 2,310 | 12,782 | (15,092) | 5,981 | (5,981) | ||||
| William Wates Memorial Trust | 5,000 | 5,000 | (5,000) | ||||||
| The Blagrave Trust | 20,000 | (5,000) | 15,000 | 40,000 |
(40,000) |
15,000 | |||
| Garfield Weston Foundation | 25,000 | (6,250) |
18,750 | ||||||
| Co~opLocal Community Fund | 11,331 | (11,331 ) |
|||||||
| The Edward Gostllng Foundation | 7,500 | (7,500) |
|||||||
| Hille Emergency Fund | 5,000 | (5,000) |
|||||||
| 60,999 | 341,832 | (294,032) | (3,882) | 104,917 | 580,250 | (565,917) |
(7,612) | 111,638 |
| --- Group Balanceat 1April2019 Fixed assets fund 231,251 - Company Balanceat 1April2019 Fixed assets fund 210,364 |
Movementinfunds Movementinfunds Transfers Transfers Incoming (to)lfrom Balanceat Incoming (to)lfrom Balanceat resources GeneralFund 1April2020 resources GeneralFund 31March2021 (20,807) 210,444 (4,165) 206,279 Movementinfunds Movementinfunds Transfers Transfers Incoming (lo)lfrom Balanceat Incoming (to)/from Balanceat resources GeneralFund 1April2020 resources GeneralFund 31March2021 (4,949) 205,415 864 206,279 ---~ - - |
|---|---|
| Group | ||
|---|---|---|
| Unrestricted Funds Fund balances at31March 2021 are represented by: Tangible fixed assets Net current assets 290,408 290,408 Company Unrestricted Funds Fund balances at31March 2021 are represented by: Tangible fixed assets Investments Net current assets - 1 297,873 - 297,874 |
Designated Funds £ Restricted Funds [ 206,279 47,195 64,443 206,279 111,638 Designated Funds £ Restricted Funds £ 206,279 47,195 64,443 |
2021 Total £ Unrestricted Funds £ Designated Funds £ Restricted Funds £ 2020 Total £ 253,474 354,851 166,066 210,444 54,807 50,110 265,251 216,176 608,325 166,066 210,444 104,917 481,427 2021 Total £ Unrestricted Funds [ Designated Funds [ Restricted Funds £ 2020 Total [ 253,474 1 362,316 1 170,977 20S,41~ 54,807 50 ,110 - 260,222 1 221,082 615,791 170,973 205,415 104,917 481,305 |
| 206,279 111,638 |
| follows: | |||
|---|---|---|---|
| Landand 2021 E Expiry date: Within one year 9,300 Between. two and five years 2,679 11,979 |
Buildings 2020 £ 19.000 25.654 44,654 |
Other 2021 2020 E £ 1,382 2,882 2,074 3,456 3,456 6,338 |
|
| 6,338 |
| Notes Net movementinfunds Adjustments for: Depreciation charges Lossonsale offixedassets DecreaseinstOCK Decrease/( ncrease) in debtors (Decrease)/increase in creditors Net cash providedbyoperating activities |
Group 2021 £ 126,898 17,092 4,691 19,100 70,287 (37,614) 200,454 |
Group 2020 £ 78.217 30,725 7.180 (18,540) 23,384 120.966 |
|---|---|---|
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