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2021-03-31-accounts

Trustees SSmith
SHunt
GSharp
S Wing
SCollier (Appointed28Juty2021)
Patron PSmithMBE
Chief Executive G Welham
Secretary G Welham
Charity number 1077055
Companynumber a3702419
Principal address The Working WoodlandsCentre
MauldenWood
Haynes WestEnd
Bedfordshire
MK453UZ
Registeredoffice The Working Woodlands Centre
MauldenWood
Haynes WestEnd
Bedfordshire
MK453UZ
Auditor Hills &Burgess
20Bridge Street
Leighton Buzzard
Bedfordshire
LU7lAL

Page
Trusteesreport 1-8
Statementoftrustees responsibilities
lndependent auditor'sreport 10-12
Statementoffinancialactivities 13-14
Balance sheet 15-16
Statement of cash flows 17
Notestothe financial statements 18-34

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2021 2020
Notes E E f
Fixed assets
Tangibleassets 14 3,428,393 3,36'1,034
Current assets
Stocks 15 6,204 6,291
Debtors 16 236,294 121,881
Cash at bank and inhand 399,451 307,959
641,949 436,131
Creditors: amounts fallingduewithin
one year
18 (424,588) (317,031)
Netcurrent assets 217,361 1'19,100
Total assetsless current liabilities 3,645,754 3,480,134
Creditors: amounts fallingdue after
more than oneyear
19 (160,232) (176,931)
Netassets 3,485,522 3,303,203
lncomefunds
Restricted funds 20 3,144,231 3,011,537
Unrestricted funds-designated 144,293 118,215
Unrestricted funds-general
Designated funds 21 73,578 29,500
General unrestricted funds 123,420 143,951
196,998 173,451
3,485,522 3,303,203

2021 2020
Notes €€€E
Gashflowsfromoperating activities
Cashgeneratedfromoperations
24 282,087 129,132
lnvesting activities
Purchaseoftangible fixed assets (174,655) (68,476)
Proceedsondisposal of tangiblefixed
assets 9,079
lnterestreceived 252 475
Netcash usedininvesting activities (174,403) (58,922)
Financingactivities
Repaymentofbankloans (16,192) (15,685)
Netcash used infinancing activities (16,1e2) (15,685)
Netincrease in cash and cash equivalents 91,492 54,525
Cashandcash equivalents at beginningofyear 307,959 253,434
Cashand cashequivalentsatend of year 399,451 307,959
: :
Short term deposits includedincurrent
asset investments
Bankoverdrafts includedincreditors
payablewithin one year

Charitableactivities
Project Project lncome
lncome
2021 2024
I
Saleswithin charitable activities 40'1,653 597,603
Performance relatedgrants 433,017 1'14,986
Charitable rental income 16,956 19,957
85'1,626 ':'*:
Analysis byfund
Unrestricted funds -general 349,947 541,534
Unrestricted funds-designated 165,950 133,443
Restricted funds 335,729 57,569
851,626 732,546
:
Forthe year ended3{March2020
Unrestricted funds-general 541,534
Unrestricted funds - designated 133,443
Restricted funds 57,569
732,546

Trading income
UnrestrictedUn restricted TotalUnrestricted Unrestricted Total
funds
funds
funds funds
generaldesignated
2021
2021
t
e
2021
€c
general
2020
designated
2020
c
2020
c
Non-charitabletrading
activities
358,002 211,876 569,878 315,486 211,A40 526,526

Unrestricted Unrestricted
funds funds
general general
2021 2020
g f
_:' -::
Unrestricted Unrestricted
funds funds
general general
2021 2020
f t
Netgain on disposaloftangible fixedassets 16,093
-::
Raisingfunds
Unrestricted Unrestricted
funds funds
general general
2021 2020
t
Trading costs
Noncharitable trading costs 182,317 154,988
Staffcosts 195,889 177,690
Trading costs 378,206 332,678
378,206 332,678

Charitableactivities
DirectCharitable Total
Total
charitableExPenditure 2021
2020
expenditure- designated
2021
202',
E
E
e
e
Staffcosts
Depreciation andimPairment
Charitableexpenditure
12A,028225,739
107,296
105,723173,474
345,767595,941
107,296
89,170
279,197178,242
333,047399,213 732,260863,353
Shareof supportcosts(see note10)
Shareofgovernance costs (seenote
10) 206,025
19,s29
206,025201,459
19,529
11,903
558,601
399,213
957,8141,076,715
Analysisbyfund
Unrestricted funds-general
Unrestricted funds- designated
Restrictedfunds
329,917
228,684
399,213
329,917577,018
399,2'13366,248
228,684133,449
558,601
399,213
957,814
1,076,715
Forthe year ended31March2020
Unrestricted funds-general
Unrestricted funds- designated
Restrictedfunds
577,018
133,449
36624;
577,018
366,248
133,449
710,467
366,248
1,076,715

10 Support costs Support Governance 2021 2020Basis of allocation
costs costs
e E
Depreciation 22,661 22,661 22,496
General office costs 206,025 16,101 222,126 210,057
Auditfees 3,428 3,428 3,304Governance
228,686 19,529 248,215 235,857
Analysed between
Charitable activities
228,686 19,529 248,215 235,857

Numberofemployees
Theaveragemonthlynumber ofemployeesduringtheyearwas:
2021 2020
Number Number
Projectstaff 38 56
Employment costs 2021 2020
c
Wages and salaries 541,656 773,631

14 Tangiblefixedassets
Buildings Plant and Motorvehicles Total
f€t machinery t
Cost
At1April2020
Additions
3,455,822
9,885
461,804
113,795
66,757
50,975
3,984,383
174,655
At31 March2021 3,465,707 575,599 117,732 4,'159,038
Depreciationand impairment
At1April2020 249,588 325,563 48,198 623,349
Depreciation chargedin theyear 38,069 63,033 6,'194 107,296
At31 March2021 287,657 388,596 54,392 730,645
Carryingamount
At 31 March202'1
3,178,050 187,003 63,340 3,428,393
At 31 March2020 3,206,234 136,241 18,559 3,361,034
15 Stocks
2021
f
2020t
Finished goods and goods forresale 6,204 6,291
16 Debtors
2021 2020
Amounts fallingduewithinoneyear: t t
Trade debtors 199,644 87,684
Other debtors 3,231
Prepayments and accruedincome 33,419 34,197
236,294 121,881

Loans andoverdrafts
2021 2020
Bank loans 176,424 192,616
Payablewithin oneyear 16,192 15,685
Payableafteroneyear 160,232 176,931

Creditors:amountsfallingduewithinoneyear
2021 2020
Notes E
Bankloans 17 16,192 15,685
Other taxation and social security 26,547 53,614
Tradecreditors 80,088 45,133
Other creditors 6,833
Accruals and deferred income 294,928 202,599
424,588 317031
:
Creditors:amountsfallingdue aftermore thanoneyear Notes 2021
2020t
Bankloans 17 160,232 176,931

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Transactionswithrelatedparties
Duringtheyearthe charity enteredinto thefollowing tra
nsactions with relatedparties
Purchase ofgoods
2021 2020
ET
Keymanagementpersonnel 6,210 8,699
6,210 8,699
The Trustworksin co-operationwithanumberofdifferent organisations
itsobjectives.Where anyfinancialorin-kind remunerationisreceivedth
trustees anditsAuditors.
and local authoritiesin
isis disclosedtothefu
deliveryof
llboardof
24 CashgeneratedfromoPerations 2021
ef
2020
Surplus/(deficit) fortheYear 182,319 (56,587)
Adjustmentsfor:
lnvestment income recognisedinstatementoffinancial activities
Gain on disposaloftangiblefixed assets
Depreciation and impairmentoftangible fixed assets
(252)
107,296
(475)
(16,0e3)
96,'184
MovementsinworkingcaPital:
Decreasei(increase) instocks
(lncrease) in debtors
lncreaseincreditors
87
(114,413)
107,050
(e01)
(10,951)
117,955
CashgeneratedfromoPerations 282,087 129,132

25 Analysis of changes innetfunds
At1April2020
E
CashflowsAt31
ee
March2021
Cash atbankand inhand 307,959 91,492 399,451
Loansfallingduewithin oneyear (15,685) (507) (16,192)
Loansfallingdue aftermore thanoneyear (176,e31) 16,699 (160,232)
115,343 107,684 223,027
: