2021-03-31-accounts - Leicester Charity Organisation Society

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			Page
'Legal and administrative	details
Trustees' report			2-7
Auditor's report			8-11
Consolidated Statement	offinancial	activities	12-13
Consolidated Balance sheet			14
Balance Sheet			15
Consolidated Statement	ofCashflows		16
Notes to the accounts			17-31

Trustees			A H Jarvis (Treasurer)	A H Jarvis (Treasurer)
			G Oliver
			C A Pharoah
			C E Smith (Chairman)
			Prof S M Sharma
			CTSaul
			C E Shevas
			H Sahota (appointed 9 February 2021)
Secretary	and Director ofOperations		J A Munton
Director ofMarketing		and Fundraising	Mrs S McEniff
Charity number			1078271
Company	number		03761954
Registered	office and	principal address	20a Millstone	Lane
			Leicester
			LE1 5JN
Auditor			Somerbys Limited
			Chartered Accountants
			Statutory Auditor
			30 Nelson Street
			Leicester
			LE1 7BA
Bankers			Lloyds Bank PLC
			7 High Street
			Leicester
			LE19FS
Investment	Advisors		Rowley-Turton	(IFA) Limited
			Charnwood House
			Harcourt Way
			Meridian Business Park
			Leicester
			LE191WP
Subsidiary	Undertaking		The Goods Depot Limited
			Sandown Court
			Station Road
			Glenfield
			Leicester
			LE38BT

			Unrestricted	Funds	Restricted	Designated	Endowment	Total
					Funds	Funds	Funds	2021
			Notes
Income from:
Voluntary Income			2	306,720	956,949			1,263,669
Administration fees				72,192				72,192
Investment income			3	15,604	2,118			17,722
Incoming resources		from
charitable activities			4	81,669	130,949			212,618
Other trading income				11,643				11,643
Total income				487,828	1,090,016			1,577,844
~Ed@
Raising funds			5	70,831	379			71,210
Charitable Activity
Relief ofpoverty			5	228,890	1,034,087			1,262,977
Total expenditure				299,721	1,034,466			1,334,187
Realised gain/(loss)		on
Investment assets							92	92
Unrealised gain/(loss)		on
investment assets							13,719	13,719
Net income/(expenditure)				188,107	55,550		13,811	257,468
Transfers between	funds		20	(25,000)		25,000
				163,107	55,550	25,000	13,811	257,468
Other recognised	gains and
losses
Pension deficit adjustment			14	(11,000)				(11,000)
Net movement in	funds			152,107	55,550	25,000	13,811	246,468
Fund balances at 31 March 2020				44,500	199,367	100,000	59,525	403,392
Fund balances at	31 March		2021	6196,607	6254,917	6125,000	673,336	f649,860

			unrestricted	Funds	Restricted	Designated	Endowment	Total
					Funds	Funds	Funds	2020
			Notes
Income from:
Voluntary Income			2	355,581	401,936			757,517
Administration fees				52,247				52,247
Investment income			3	18,409	2,864			21,273
Incoming resources		from
charitable activities			4	51,123	21,273			72,396
Other trading income				7,413				7,413
Total income				484,773	426,073			910,846
~EdlU
Raising funds			5	71,572	573			72,145
Charitable Activity
Relief ofpoverty			5	348,891	451,459			800,350
Total expenditure				420,463	452,032			872,495
Realised gain/(loss)	on
Investment assets								47
unrealised gain/(loss)		on
investment assets			16				(12,338)	(12,338)
Net income/(expenditure)				64,310	(25,959)		(12,291)	26,060
Transfers between	funds		19	( 54,761)	(5,239)	60000
				9,549	(31,198)	60,000	(12,291)	26,060
Pension deficit adjustment			14	3,000				3,000
Net movement in	funds			12,549	(31,198)	60,000	(12,291)	29,060
Fund balances at 1 Apdil 2019				31,951	230,565	40,000	71,816	374,332
Fund balances at	31	March	2020	F44,500	6199,367	8100,000	859,525	5403,392

Group			Notes		2021	2020
Fixed assets
Tangible assets			9		166,771	184,763
Investments			10		69,365	56,501
					236,136	241,264
Current assets
Stock			11	16,741		17,847
Debtors			12	311,014		92,108
Cash at bank	and in	hand		390,990		325,432
				718,745		435,387
Creditors: amounts		falling due within one year	13	(172,021)		(106,259)
Net current	assets				546,724	329,128
Creditors: amounts		falling due aBerone year	14		(133,000)	(167,000)
Total assets					f649,860	f403,392
Capital fund
Endowment			17		73,336	59,525
Designated funds			18		125,000	100,000
income funds
Restricted funds			15		254,917	199,367
Unrestricted	funds				196,607	44,500
					f649,860	f403,392

Company		Notes		2021		2020
Fixed assets
Tangible assets		9		162,500		175,000
Investments		10		69,365		56,501
Investment in subsidiary		10		100		100
				231,965		231,601
Current assets
Debtors		12	412,484			187,572
Cash at bank and in	hand		350,488			322,489
			762,972			510,061
Creditors: amounts	falling due within one year	13	(153,745)			(99,649)
Net current assets				609,227		410,412
Creditors: amounts	falling due after one year	14		(133,000)		(167,000)
Total assets				f708,192		8475,013
Capital fund
Endowment		17		73,336		59,525
Designated funds		18		125,000	.	100,000
Income funds
Restricted funds		15		254,917		199,367
Unrestricted funds				254,939		116,121
				f708,192		f475,013

	Notes	2021	2020
Cash flow from operating activities
Cash generated/(used) in operations	23	46,889	(7,648)
Net cash flow from operating activities		46,889	(7,648)
Cash flow from investing activities
Payments to acquire investments			(7,359)
Receipts from sales ofinvestments		947	7,570
Investment income received		17,722	21,273
Net cash flow from investing activities		18,669	21,484
Net increase in cash and cash equivalents		65,558	13,836
Cash and cash equivalents at 31 March 2020		325,432	311,596
Cash and cash equivalents at 31 March 2021		F390,990	6325,432
Cash and cash equivalents consists of:
Cash at bank and in hand		390,990	325,432
Cash and cash equhralents at 31 March 2021		6390,990	6325,432

Incoming resources from	charitable	activities	activities
Grants receivable for charitable activities				2021	2020
Unrestricted funds:
Leicester City Council				66,498	35,821
Leicestershire County Council				15,171	15,302
				81,669	51,123
Restricted funds:
Leicester City Council				11,304	10,997
Leicestershire County Council				4,829	4,698
Leicestershire County Council - Communities			Fund	11,000
Leicestershire and Rutland	Community	Foundation-
Coronavirus Support Fund				12,500
Leicestershire and Rutland	Community	Foundation-
DCMS New Normal Grants				5,000
The National Lottery Community Fund				82,352
Leicester' Leicestershire Primary Care		Trusts		3,964	5,578
				130,949	21,273
Total				6212,618	672,396

The trust allocates its	The trust allocates its	The trust allocates its	support	costs as shown	in the table below.	Support costs are	allocated on a basis ofstaff	allocated on a basis ofstaff
time.
				Staff	Depreciation	Other	Total	Total
				Costs		Costs	2021	2020
				(note 7)	(note 9)	(note 8)
Costs ofgenerating			funds:
Fundraising		and publicity		66,679		4,531	71,210	72,145
Charitable	Activity —Relief ofPoverty:
Donations	in	kind				219,091	219,091	86,593
Inter-group	transactions					(306,736)	(306,736)	(120,113)
Grants payable (note 6)						903,139	903,139	430,186
Employment		costs		338,320			338,320	290,394
Administration		costs			17,992	91,171	109,163	113,290
				338,320	17,992	906,665	1,262,977	800,350
				2404,999	217,992	F911,196	F1,334,187	f872,495

	Grants to institutions					2021	2020
	Leicester Hospitals	Charity —Covid		19Appeal		2,500
	Age UK Leicestershire		and Rutland			10,000
	Charity Link					2,500
	Rainbows Children's		Hospice			2,500
	Parkinsons Disease	Society				100
	Women V Cancer					214
						17,814
						2021	2020
7	Employees
	Number ofemployees
	The average monthly		number ofemployees		during the year was:	18	17
	The number of part	time employees		was		13	12
	Employment costs
	Wages and salaries					363,006	309,193
	Social security costs					18,849	20,532
	Other pension costs					23,144	22,233
						5404,999	6351,958

Other costs	Other costs
Fundraising and publicity			2021	2020
Promotion expenses			4,152	9,924
Investment management	fees		379	573
			f4,531	f10,497
Charitable activity administration		costs
Rent and rates			14,098	13,500
Insurance			3,618	3,436
Light and heat			2,611	7,123
Repairs and maintenance			226	7,892
Stationery			7,400	6,838
Telephone and fax			4,775	4,293
Travelling expenses			7,002	6,394
Legal and professional			6,304	5,823
Sundry expenses			3,006	2,008
Recruitment expenses			400	650
Subscriptions			890	1,441
Bank charges			1,038	1,142
Cleaning			5,017	4,758
Computer expenses			11,907	13,915
Health and safety			1,198	914
Staff training			35	971
Postage			4,102	4,928
Auditor's remuneration			17,544	9,272
			F91,171	f95,298

Group
Tangible fixed assets
	Leasehold	Fixtures	Motor	Total
	property	Fittings 8	Vehicle
		equipment
CostNaluation
At 31 March 2020	237,500	38,633	16,640	292,773
Additions
Disposal
At 31 ilarch 2020	f237,500	f38,633	f16640	f292 773
Depreciation
At 31 March 2020	62,500	38,633	5,877	107,010
Charge for the year	12,500		5,492	17,992
Eliminated on disposal
At 31 March 2020	F75,000	f38,633	f11,369	f125,002
Net book value
At 31 March 2021	f162,500	fNil	f5,271	F167,771
At 31 March 2020	f175,000	fNil	f10,763	f185,763
Company
Tangible fixed assets
		Leasehold	Fixtures	Total
		properly	Fittings 8
		equipment
Cost/Valuation
At 31 March 2020		237,500	38,633	276,133
Additions
Disposal
At 31 March 2020		F237,500	f38,633	f276,133
Depreciation
At 31 March 2020		62,500	38,633	101,133
Charge for the year		12,500		12,500
Eliminated on disposal
At 31 March 2020		f75,000	f38,633	f113,633
Net book value At 31 March 2021		8162,500	fNil	f162,500
At 31 March 2020		f175,000	fNil	f175,000

Fixed asset investments	Fixed asset investments
Charity
Listed investments
Market value at 31 March 2020		56,501
Acquisitions at cost		(855)
Disposals at opening	book value
Net unrealised gain	on revaluation	13,719
Market value at 31	March 2021	869,365
Historical cost:
At 31 March 2021		F62,506
Historical cost:
At 31 March 2020		863,504

Details ofthe company's subsidiary	at 31 Marc	h 2021 a	re as follows:
Name ofundertaking	Registered	office	Company	No	Class of		%Held
					shares	held
The Goods Depot Limited	UK		11581108		Ordinary		100
Acquired on 21 September 2018
Results for the year
Income							308,379
Expenditure							(295,090)
Profit before taxation							F13,289
Total Assets							874,770
Total Liabilities							F133,002

11	Stocks
				Group		Charity
				2021	2020	2021	2020
	Goods for resale			f16,741	f17,847	f-	f-
12	Debtors
				Group		Charity
				2021	2020	2021	2020
	Trade debtors			274,470	55,610	270,162	49,178
	Income	recoverable		23,490	19,895	23,490	19,895
	Amount owed by subsidiary Prepayments		undertaking	13,054	16,603	114,726 4,106	110,958 7,541
				f311,014	f92,108	f412,484	f187,572

Creditors: amounts f	alling due within on	e year
		Group		Charity
		2021	2020	2021	2020
Trade creditors		86,874	47,297	81,852	42,544
Taxes and social security costs		14,947	257	6,586
Other creditors		13,176	5,889	8,283	4,289
Accruals and deferred	income	12,024	8,816	12,024	8,816
Pension deficit		45,000	44,000	45,000	44,000
		f172,021	f106,259	f153,745	f99,649

						Movement	in funds
				Balance	Incoming	Resources	Transfer	Balance
				1 Apdl	Resource	Expended		31 March
				2020				2021
Carlton Hayes Mental				3,085	63,000	28,015		38,070
Health Charity
Funds held for other		charitable		26,234		17,814		8,420
institutions
Leicester Children's		Aid		6,039	2,618			7,715
Association
Other funds held	for	distribution		164,009	893,449	856,746		200,712
to the needy
Local authorities	and		CCG		130,949	130,949
				L'199,367	F1,090,016	81,034,466		f254,917
						Movement	in funds
				Balance	Incoming	Resources	Transfer	Balance
				1April	Resource	Expended		30 March
				2019				2020
Carlton Hayes Mental					27,000	18,676	(5,239)	3,085
Health Charity
Funds held for other			charitable	26,234				26,234
institutions
Leicester Children's			Aid					6,039
Association				3,681	3,364	1,006
Other funds held for			distribution
to the needy				200,650	374,436	411,077		164,009
Local Authorities	and CCGs				21,273	21,273
				6230,565	6426,073	0452,032	6(5,239)	6199,367

Analysis	of net as	sets between fu	sets between fu	nds
Group		Unrestricted		Restricted	Designated	Endowment	Total	Total
			fund	Fund	Funds	Funds	Funds	Funds
							2021	2020
Fund balances at		31	March
2021 are	represented		by:
Tangible	fixed		166,771				166,771	184,763
assets
Investments						69,365	69,365	56,501
Current assets			265,671	324,103	125,000	3,971	718,745	435,387
Creditors:			(102,835)	(69,186)			(172,021)	(106,259)
amounts	falling
due within	one
year
Creditors:			(133,000)				(133,000)	(167,000)
amounts	falling
due aRer	one year
			f196,607	f254,917	f125,000	f73,336	f649,860	6403,392
Company
Fund balances at		31	March
2021 are	represented		by:
Tangible	fixed		162,500				162,500	175,000
assets
Investments			100			69,365	69,465	56,601
Current assets			309,799	324,103	125,000	3,971	762,873	510,061
Creditors:			(84,460)	(69,186)			(153,646)	(99,649)
amounts	falling
due within	one
year
Creditors:			(133,000)				(133,000)	(167,000)
amounts	falling
due after	one year
			f254,939	f254,917	f125,000	f73,336	F708,192	f475,013

2021	2020
6NII	6Nil

Reconciliation ofn	et income to net cash flow from ope	rations
		2021	2020
Net movement in funds		246,468	29,060
Depreciation oftangible fixed assets		17,992	17,992
Gains on investments		(13,811)	12,291
Investment income		(17,722)	(21,273)
Decrease (Increase)	in stock	1,106	(12,298)
(Increase) Decrease	in debtors	(218,906)	28,963
Increase/(Decrease)	in creditors	31,762	(62,383)
Net cash inflow (oufflow) from operations		646,889	8(7,648)