##
##
||||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||
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||||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|
##
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|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|
##
|9|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|
|10|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|
##
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##
|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|
##
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|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)|