2021-03-31-accounts - Southend in Sight

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Reference and administrative		details ofthe Company,	its Trustees and advisers	1-2
Trustees' report				3-12
Independent auditors'	report	on the financial statements		13-16
Statement offinancial	activities			17
Balance sheet				18-19
Statement ofcash flows				20
Notes to the financial	statements			21 -40

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
		Note
Income from:
Donations and legacies			301,431	34,462	335,893	308,584
Charitable activities			744,390		744,390	760,570
Other trading activities			19,218		19,218	31,732
Investments			600		600	1,189
Total income			1,065,639	34,462	1,100,101	1,102,075
Expenditure on:
Raising funds		7,8	19,507		19,507	32,959
Charitable activities			929,428	45,196	974,624	961,726
Total expenditure			948,935	45,196	994,131	994,685
Net income/(expenditure)	before net
losses on investments			116,704	(10,734)	105,970	107,390
Net losses on investments			(1,906)		(1,906)	(223)
Net income/(expenditure)			114,798	(10,734)	104,064	107,167
Transfers between funds		19	2,611	(2,611)
Net movement in funds before other
recognised gains/(losses)			117,409	(13,345)	104,064	107,167
Other recognised gains/(losses):
Gains on revaluation of current assets			10,422		10,422	(5,440)
Net movement in funds			127,831	(13,345)	114,486	101,727
Reconciliation offunds:
Total funds brought forward			1,298,146	13,345	1,311,491	1,209,764
Net movement in funds			127,831	(13,345)	114,486	101,727
Total funds carried forward			1,425,977		1,425,977	1,311,49'/

					2021		2020
			Note
Fixed assets
Tangible assets			14		1,159,640		1,165,007
Investments			15		1		1
					1,159,641		1,165,008
Current assets
Debtors			16	13,755		11,791
Investments			17	48,818		39,015
Cash at bank and	in hand			247,902		124,660
				310,475		175,466
Creditors: amounts	falling	due within one
year				(44„139)		(28,983)
Net current assets					266,336		146,483
Total assets less	current	liabilities			1,425,977		1,31'/, 491
Total net assets					1,425,977		1,311,491
Charity funds
Restricted funds			19				13,345
Unrestricted funds			19		1,425,977		1,298,146
Total funds					1,425,977		1,311,491

					2021	2020
Cash flows from operating		activities
Net cash	from/(used) in operating activities				126,540	115,328
Cash flows from investing		activities
Dividends,	interests and rents from investments				600	1,189
Purchase	oftangible fixed assets				(2,611)	(1,474)
Proceeds	from sale of investments				17,743	5,144
Purchase	of investments				(19,030)	(1,820)
Net cash	(used in)/provided	by investing		activities	(3,298)	3,039
Cash flows from financing		activities
Repayments of borrowing						(11,507)
Net cash	provided by/(used in) financing			activities		(11,507)
Change in cash and cash		equivalents	in	the year	123,242	106,860
Cash and	cash equivalents	at the beginning		ofthe year	124,660	17,800
Cash and	cash equivalents	at the end	of	the year	247,902	124,660

Freehold property	- not depreciated
Plant and machinery	- 12.5% reducing	balance
Fixtures and fittings	- 10%reducing	balance
Office equipment	- 10%reducing	balance

Unrestricted	Restricted	Total
funds	funds	funds
2021	2021	2021
R
48,928	34,462	83,390
68,739		68,739
183,764		183,764
301,431	34,462	335,893
Unrestricted	Restricted	Total
funds	funds	funds
2020	2020	2020
164,924	44,295	209,219
95,015		95,015
4,350		4,350
264,289	44,295	308,584

		Unrestricted	Total
		funds	funds
		2021	2021
Community	services	(100)	(100)
Residential	home	744,490	744,490
Total 2021		744,390	744,390
		Unrestricted	Total
		funds	funds
		2020	2020
Community	services	6,544	6,544
Residential	home	754,026	754,026
Total 2020		760,570	760,570

			Unrestricted	Total
			funds	funds
			2021	2021
Charity	operating	income	19,218	19,218
			Unrestricted	Total
			funds	funds
			2020	2020
Charity	operating	income	31,732	31,732

				Unrestricted	Total
				funds	funds
				2021	2021
Income	from	listed	investments	600	600
				Unrestricted	Total
				funds	funds
				2020	2020
Income	from	listed	investments	1,189	1,189

	Unrestricted	Total
	funds	funds
	2021	2021
Fundraising	490	490
	Unrestricted	Total
	funds	funds
	2020	2020
Fundraising	3,074	3,074

		Unrestricted	Total
		funds	funds
		2021	2021
Training		(895)	(895)
Cost of Equipment	Sales	18,728	18,728
Total 2021		17,833	17,833

		Unrestricted	Total
		funds	funds
		2020	2020
Training		3,417	3,417
Costs of Equipment	Sales	25,756	25,756
Total 2020		29,173	29,173

		Unrestricted	Total
		funds	funds
		2021	2021
Portfolio	Management	1,184	1,184
		Unrestricted	Total
		funds	funds
		2020	2020
Portfolio	Management	711	711

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
				R
Community	services	140,672	38,659	179,331
Residential	home	788,756	6,537	795,293
		929,428	45,196	974,624
		Unrestricted	Restricted	Total
		funds	funds	funds
		2020	2020	2020
Community	services	170,346	36,494	206,840
Residential	home	754,886		754,886
		925,232	36,494	961,726

			Total
		Other costs	funds
		2021	2021
Community	services	179,331	179,331
Residential	home	795,293	795,293
		974,624	974,624
			Total
		Other costs	funds
		2020	2020
Community	services	206,840	206,840
Residential	home	754,886	754,887
		961,726	961,726

		Activities
		undertaken	Support	Total
		directly	costs	funds
		2021	2021	2021
Community	services	157,057	22,274	179,331
Residential	home	780,307	14,986	795,293
		937,364	37,260	974,624

Analysis ofexpenditure	Analysis ofexpenditure
		Activities
		undertaken	Support	Totai
		directly	costs	funds
		2020	2020	2020
Community	services	180,856	25,984	206,840
Residential	home	739,687	15,199	754,886
		920,543	41,183	961,726

		Community	Residential	Total
		services	home	funds
		2021	2021	2021
Subscriptions		500		500
Telephone		1,955	1,141	3,096
Postage and stationery		3,067	634	3,701
Advertising		1,017	227	1,244
Accountancy		9,544	10,744	20,288
Travel and subsistence		43	20	63
Sundry		654		654
Training		780		780
Bank charges		2,429		2,429
Auditors remuneration		2,220	2,220	4,440
Trustees expenses	reimbursed	65		65
		22,274	14,986	37,260

Analysis ofsuppor	t costs (continued)
		Community	Residenfiai	Total
		services	home	funds
		2020	2020	2020
Subscriptions		35		35
Telephone		1,786	1,190	2,976
Postage and stationery		4,230	1,156	5,386
Advertising		3,135	783	3,918
Accountancy		9,707	9,707	19,414
Travel and subsistence		430		430
Sundry		249	144	393
Bank charges		4,056		4,056
Mortgage interest		114		114
Auditors remuneration		2,220	2,220	4,440
Trustees expenses	reimbursed	22		22
		25,984	15,200	41,184

			2021	2020
			No.	No.
Direct Charitable		work	35	36
Administration	and governance		3	3
			38	39

	Freehold	Plant and	Fixtures and	Office
	property	machinery	fittings	equipment	Total
Cost or valuation
At 1 April 2020	1,094,546	104,406	137,154	25,002	1,361,108
Additions				2,611	2,611
At 31 March 2021	1,094,546	104,406	137,154	27,613	1,363,719
Depreciation
At 1 April 2020		73,439	112,993	9,669	196,101
Charge for the year		3,873	2,420	1,685	7,978
At 31 March 2021		77„312	115,413	11,354	204,079
Net book value
At 31 March 2021	1,094,546	27,094	21,741	16,259	1,159,640
At 31March 2020	1,094,546	30,967	24, 16'I	15,333	1,165,007

			Investments
			in
			subsidiary
			companies
	Cost or valuation
	At 1 April 2020
	At 31 March 2021
	Net book value
	At 31 March 2021
	At 31March 2020
16.	Debtors
		2021	2020
	Due within one year
	Trade debtors	9,082	7,447
	Other debtors	60	647
	Prepayments and accrued income	4,613	3,697
		13,755	11,791
17.	Current asset investments
		2021	2020
	Listed investments	48,818	39,015

		2021	2020
Trade creditors		31223	16,725
Other creditors		5,429	3,521
Accruais and deferred	income	7,487	8,737
		44,139	28,983

								Balance at
		Balance at 1				Transfers	Gains/	31 March
		April	2020	Income	Expenditure	in/out	(Losses)	2021
			K
Unrestricted
funds
General Funds		1,301,935		1,065,639	(948,935)	2,611	(1,906)	1,419,344
Revaluation
reserve		(3,789)					10,422	6,633
		1,298,146		1,065,639	(948,935)	2,611	8,516	1,425,977
Restricted
funds
Centre 8 Club
room
refurbishment			340		(340)
Staff salary
contribution
Equipment
centre
redecoration		2,765			(2„765)
Eye Clinic
Liaison Officer		8,682		27,014	(35,696)
Refurbishment
of Quiet room		1,000			(1,000)
Safeguarding	8
Training			559		(559)
SBCEmergency
Fund- Covid-19				1,460	(462)	(998)
SBC				2,000	(2,000)
Clothworkers
Foundation				1,928	(315)	(1,613)
Staff Salary
Contribution-
Sport England				640	(640)
Essex
Community
Foundation				1,420	(1„420)
		13,345		34,462	(45,196)	(2,611)

Statement	offunds - prior yea	r
						Balance at
		Balance at			Gains/	31March
		1April 2019	Income	Expenditure	(Losses)	2020
Unrestricted funds
General Funds		1,202,569	1,057,780	(958,191)	(223)	1,301,935
Revaluation	reserve	1,651			(5,440)	(3,789)
		1,204,220	1,057,780	(958,191)	(5,663)	1,298,146
Restricted	funds
Centre 8 Club room
refurbishment		340				340
Staff salary	contribution		7,000	(7,000)
Staff salary	contribution	2,439		(2,440)		(1)
Equipment	centre redecoration	2,765				2,765
Eye Clinic	Liaison Officer		34,803	(26,121)		8,682
Refurbishment of Quiet room			1,000			1,000
Safeguarding 8 Training			1,492	(933)		559
		5,544	44,295	(36,494)		13,345

						Balance at
	Balance at 1			Transfers	Gains/	31 March
	April 2020	Income	Expenditure	in/out	(Losses)	2021
General funds	1,298,146	1,065,639	(948,935)	2,611	8,516	1,425,977
Restricted funds	13,345	34,462	(45,196)	(2,611)
	1,311,491	1,100,101	(994,131)		8,516	1,425,977

Summary offunds - pri	or year
					Balance at
	Balance at			Gains)	31March
	1April 2019	Income	Expenditure	(Losses)	2020
General funds	1,204,220	1,057,780	(958,191)	(5,663)	1,298,146
Restricted funds	5,544	44,295	(36,494)		13,345
	1,209,764	1,102,075	(994,685)	(5,663)	1,311,491

		Unrestricted	Total
		funds	funds
		2021	2021
Tangible	fixed assets	1,159,640	1,159,640
Fixed asset investments		1	1
Current	assets	310,475	310,475
Creditors	due within one year	(44,139)	(44,139)
Total		1,425,977	1„425,977

21.	Analysis of net assets between	Analysis of net assets between	funds (continued)
	Analysis of net assets between		funds -prior year
				Unrestricted	Restricted	Total
				funds	funds	funds
				2020	2020	2020
	Tangible fixed assets			1,165,007		'/, 165,007
	Fixed asset investments			1		'/
	Current assets			162,121	13,345	175,466
	Creditors due within	one year		(28,983)		(28,983)
	Total			1,298,146	13,345	1,311,491
22.	Reconciliation of net movement		in funds to net cash flow from operating		activities
					2021	2020
	Net income for the year (as per Statement of Financial			Activities)	104,064	107,167
	Adjustments for:
	Depreciation charges				7,978	8,737
	Gains on investments				1,904	223
	Dividends, interests	and rents from investments			(600)	(1,189)
	Decrease/(increase)	in debtors			(1,962)	8,255
	Increase/(decrease)	in creditors			15,156	(7,865)
	Net cash provided	by operating	activities		126,540	115,328
23.	Analysis ofcash and cash equivalents
					2021	2020
	Cash in hand				247,902	124,660
	Total cash and cash equivalents				247,902	124,660