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2022-03-31-accounts

Rcpott ofthe Ttttstees I to E
Indcpcndent
Examiner's
Report
Statement ofFinancial Activities 10
Balance Sheet 11 to 12
Notes to the Financial Statetnents 13 to 21
Detailed Statement of Financial Activities 22 to 23

31.3.22 31.3.21
Unrestricted Restricted Total Total
funds funds full&la funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies 352 352 239
Charitable activities
Support services 182,373 140,113 322,486 403,333
Corrumtnity pantry 5,141 6, 100 11,241
Invcstntcnt tltcoltle
Total 187,872 146,213 334,085 403,574
EXPENDITURE ON
Charitable activities
Support services 193,362 154,214 347,576 306,774
Community pantry 2,719 2,711 5,430
Total 196,081 156,925 353,006 306,774
NET INCOME/(EXPENDITURE) (8,209) (10,712) (18,921) 96,800
RECONCILIATION OF FUNDS
Total funds brought fomvard 311,870 24,992 336,862 240,062
TOTAL FUNDS CARRIED IrORWARD 303,661 14,280 317,941 336,862
31.3.22 31.3.21
Unrestricted Restricted Total Total
funds funds flllltls funds
Notes f,
FIXEDASSETS
Tangible assets 298,959 622 299,581 298,261
CURRENT ASSETS
Debtors 7,868 7,868 26,619
Cash at bank aud in band 54,033 13,658 67,691 72,187
61,901 13,658 75,559 98,806
CREDITORS
Amounts
falling due witlun
one year 8 (16],379) (16,379) (14,372)
NET CURRENT ASSETS 45,522 13,658 59,180 84,434
TOTAL ASSETS LESSCURRENT
LIABILITIES 344,481 14,280 358,761 382,695
CREDITORS
Amounts
falling due aller more than one year
9 (40,820) (40,820) (45,833)
NETASSETS 303,661 14,280 317,941 336,862
FUNDS
Umestricted
funds
303,661 311,870
Restricted
funds
14,280 24,992
TOTALFUNDS 317,941 336,862

31.3.22 31.3.21
Deposit accoiuit interest 6 2
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(creditiug);
31.3.22 31.3.21
Depreciation
- owned assets
3,241 842

31.3.22 31.3.21
Chief Executive I I
Client Support Setvictn
Management k Admin
4
3
8
I
General Charitabl
Activities
4 3
12 13

TANGIBLE FI XED AS SETS
Fixtures
Freehold and Motor Computer
property fittings velucles equipment Totals
8
COST
At
I April 2021
295,000 52,000 750 3,055 350,805
Additions 1,235 2,000 1,326 4,561
At 31 March 2022 295,000 53,235 2,750 4,381 355,366
DEPRECIATION
At
I April 2021
(500) 51,776 250 1,018 52,544
Charge for year 500 364 917 1,46io 3,241
At 31March 2022 52,140 1,167 2,478 55,785
NET BOOKVALUE
At 31 March 2022 295,000 1,095 1,583 1,903 299,5EI
At 31March 2021 295,500 224 500 2,037 29E,26i 1
DEBTORS:AMOUNTS FALLING DUE WITIHN ONE YEAR
31.3.22 31.3.21
Trade debtors 7,787 26,538
Other debtors 81 El
7,868 26,619
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
Bank loans and overdrags (see note 10) 5,007 4, 167
Trade creditors 2,708 173
Social security and other taxes 2,566 2,06E
Pension 381 (364)
Accmed expenses 5,717 8,328
16,379 14,372

31.3.22 31.3.21
Bank loans (see note 10) 40,820 45,833
LOANS
An analysis ofthc maturity ofloans is given below:
31.3.22 31.3.21
Amounts
falliug due within
one year on dcniand:
Bank loans 5,007 4,167
Amounts
falling between onc
and two years:
Bank loans - 1-2years 5,007 8,333
Amounts
falling due between
two and five years:
Bank loans —2-5 years 15,022 12,500
Atuounts
I'ailing due in more
than five years:
Repayable by i natal ments:
Bank loans ruore 5 yr by instal 20,791 25,000

MOVEMENT IN FUNDS
Nct
movement At
At 1.4.21 in fimds 31.3.22
Unrestricted
funds
General
fund
291,094 (8,209) 282,885
Cessation
fund
20,776 20,776
Restricted funds 311,870 (8,209) 303,661
Thc National
Lotteiy (BBO - Digital
Inclusion) 8,653 (8,531) 122
Hcmby Tmst
Lloyds Bank Foundation Ed'
ESFCommuuity
Grants Progratume
1,000
10,856
(500)
1,140
(10,856)
500
1,140
Sefton CVS 3,000 (3,000)
Liverpool
City Region
The National
Lottery Couununity
Fund— 1,483 (1,483)
Reaching Conununities 12,518 12,518
24,992 (10,712) 14,280
TOTALFUNDS 336,862 (18,921) 317,941

Incoroing Resources Movement
I'esout'ces expended in funds
K
Unrestricted
funds
General fund 187,872 (196,081) (8,209)
Restricted
funds
The National
Lottery (BBO —Digital
Inclusion) 17,644 (26,175) (8,531)
Hemby Trust (500) (500)
Lloyds Bank Foundation E&W 22,150 (21,010) 1,140
ESF Corrununity
Grants Programme
24,173 (35,029) (10,856)
Sefton CVS 4,727 (7,727) (3,000)
Liverpool City Region (1,483) (1,483)
Plus Dane 1,000 (1,000)
Help The Homeless 2,500 (2,500)
NHS Liverpool 6,000 (6,000)
P H Holt Foundation 3,000 (3,000)
Aldi Community
Cupboard
400 (400)
The Asda Foundation 200 (200)
The Arnold Clark Community Fund 1,000 (1,000)
Tesco Conununity
Grants
500 (500)
The National Lottety Community Fund-
Reaching
Conununities
62,919 (50,401) 12,518
146,213 (156,925) (10,712)
TOTAL FUNDS 334,085 (353,006) (18,921)

Net Transfers
tllovelrlerlt between At
At 12020 in funds funds 31.3,2 I
6
Unrestricted
funds
General fund 168,481 22,834 99,779 291,094
Cessation fund 20,776 20,776
189,257 22,834 99,779 311,870
Restricted funds
Sefton DAAT - Capital 26,168 (26,168)
South Sefton Development Tntst 5,396 (5,396)
Thc National
Lottery
(BBO - Digital
Inclusion) 241 (74) 8,486 8,653
Hemby
Tmsl.
1,000 1,000 (1,000) 1,000
The Clothworkers 10,000 (10,000)
Sovini Restricted Donation 7,000 (7,000)
Help the Homeless
ESFCommunity
Grants Programme
1,000 2,428 (1,000)
8,428
10,856
Sefton CVS 3,000 3,000
The National Lottety —Covid 19 31,338 (31,338)
SeRon MBC - Covid 19 10,000 (10,000)
Homeless
Link
—Covid 19
11,002 (11,002)
Crisis UK - Covid 19 4,200 (4,200)
Charitable
Aid Foundation
—Covid 19 7,914 (7,914)
Steve Morgan Foundation - Covid 19
Emergency
Fund
(2,600) 2,600
Liverpool
City Region
5,758 (4,275 ) 1,483
50,805 73,966 (99,779) 24,992
TOTALFUNDS 240,062 96,800 336,862

Illcollllllg Resources Movement
resources expended in funds
f.
Unrestricted
funds
General
fitnd
249,403 (226,569) 22,834
Restricted
funds
South Sefton Development Trust 227 (227)
The National
Lottery (BBO - Digital
Inchtsion) 8,486 (8,560) (74)
Hemby Trust 1,500 (500) 1,000
Lloyds Bank Foundation E&W 21,558 (21,558)
Steve Morgan Foundation 10,500 (10,500)
Livetpool CVS 2,000 (2,000)
MIND 18,060 (18,060)
ESFCommunity
Grants Programme
8,428 (6,000) 2,428
Eleanor Rathbone 5,000 (5,000)
Sefion CVS 3,000 3,000
The National
Lottery - Covid 19
31,338 31,338
Seflon MBC —Covid 19 10,000 10,000
Homeless
Link
—Covid 19
11,002 11,002
Crisis UK - Covid 19 4,200 4,200
Charitable
Aid Foundation
—Covid 19 7,914 7,914
Steve Morgan Foundation -Covid 19
Emergency
Fund
5,200 (7,800) (2,600)
Liverpool
City Region
5,758 5,758
154,171 (80,205 ) 73,966
TOTAL FUNDS 403,574 (306,774) 96,800

~Inde endence Initiative ~Inde endence Initiative Limited
Detailed Statement ofFiuancial Activities
for the Year Ended 31 March 2022
31.3.22 31.3.21
INCOME AND ENDOEVMENTS
Donatioos
aud legacies
Donations 352 239
Investmentincome
Deposit accountinterest
Charitable
activities
Pantiy income 5,141
Other income 12,733 16,081
Residents
housing
benefit 168,821 155,077
Grants 147,032 169,171
CJRS grants 63,004
333,727 403,333
Total incomiug
resources
334,085 403,574
EXPENDITURE
Charitable
activities
Wages 193,257 167,888
Social secmity 11,049 9,024
Pensions 3,013 1,633
Rent 33,383 36,989
Insurance 5,752 4,590
Telephone 8,675 5,781
Postage and stationery 2,821 4,220
Sundries 13 13
General expenses 6,828 6,294
Travel 1,979 567
Cleaning
and security
Building repairs k maintenance
5,598
15,432
3,913
13,152
Professional
costs
4,865 3,196
Subscription 46 96
Water rates 3,961 3,280
General rates
Iieet k. light
6,985
17,216
9,649
14,322
Subcontractors 19,775 15,698
Um.ecovered top up rent 1,780
Penny costs 5,430
Freehold property 500 (500)
Fixtures and fittings 364 74
Motor vehicles 917 250
Computer
equipment
1,460 1,018
349,319 302,927

Support costs
Finance
Bauk charges
Bank loan interest
Governance
costs
Independent
examination
Total resources expcndtxI
Nct (expenditure)/Income
31.3.22 31.3.21
254 882
1,003
I,257 882
2,430 2,965
353,006 306,774
(18,921) 96,800