2022-03-31-accounts - Leicester Charity Organisation Society

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

			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	of Cashflows		16
Notes to the accounts			17-31

Trustees			A H Jarvis	(Treasurer)	(Treasurer)
			G Oliver
			C A Pharoah
			C E Smith	(Chairman)
			Prof S M Sharma
			C T Saul
			C E Shevas
			H Sahota
Chief Executive Officer (CEO)			Mrs SMcEniff
Secretary	and Deputy CEO		J A Munton
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
			LE1 9FS
Investment	Advisors		Rawley-Turton		(IFA) Limited
			Charnwood	House
			Harcourt Way
			Meridian Business Park
			Leicester
			LE191WP
Subsidiary	Undertaking		The Goods	Depot Limited
			Sandown Court
			Station Road
			Glenfield
			Leicester
			LE3 8BT

			Unrestricted	Unrestricted	Funds	Restricted	Designated	Endowment	Total
						Funds	Funds	Funds	2022
			Notes
Income from:
Voluntary Income				2	306,672	1,308,840			1,615,512
Administration fees					67,116				67,116
Investment income				3	15635	2,656			18,291
Incoming resources		from
charitable activities				4	127,343	20,442			147,785
Other trading income					13,841				13,841
Tota I income					530,607	1,331,938			1,862,545
Ex nditure on:
Raising funds				5	87,811	489			88,300
Charitable Activity
Relief ofpoverty				5	422,715	1,448,776			1,871,491
Total expenditure					510,526	1,449,265			1,959,791
Realised gain/(loss)		on
Investment assets
Unrealised gain/(loss)		on
investment assets				16				2,656	2,656
Net income/(expenditure)					20,081	(117,327)		2,656	(94,590)
Transfers between	funds			20	(15,000)		15,000
					5,081	(117,327)	15,000	2,656	(94,590)
Other recognised	gains and
losses
Pension deficit adjustment				14	94,000				(94,000)
Net movement in	funds				99,081	(117,327)	15,000	2,656	(590)
Fund balances at 31		March 2021			196,607	254,917	125,000	73,336	649,860
Fund balances at	31 March		2022	2295,688		2137,590	f140,000	675,992	2649,270

				Unrestricted	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	15604	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
Ex nditure on:
Raising funds					5	70,831	379			71,210
Charitable Activity
Relief ofpoverty					5	228,890	1,034,087			1,262,977
Tota I expenditure						299,721	1,034,466			1,334,187
Realised gain/(loss)		on
Investment assets									92	92
Unrealised gain/(loss)			on
investment assets					16				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	8196,607		E254,917	E125,000	673,336	E649,860

Group				Notes		2022	2021
Fixed assets
Tangible assets				9		150,000	166,771
Investments				10		75,218	69,365
						225,218	236,136
Current assets
Stock				11	13,863		16,741
Debtors				12	411,907		311,014
Cash at bank and		in	hand		239,933		390,990
					665,703		718,745
Creditors:	amounts		falling due within one year	13	(216,651)		(172,021)
Net current	assets					449,052	546,724
Creditors:	amounts		falling due after one year	14		(25,000)	(133,000)
Total assets						8649,270	F649,860
Capital fund
Endowment				17		75,992	73,336
Designated	funds			18		140,000	125,000
Income funds
Restricted funds						137,590	254,917
Unrestricted	funds					295,688	196,607
						2649,270	2649,860

Company				Notes		2022	2021
Fixed assets
Tangible assets				9		150,000	162,500
Investments				10		75,218	69,365
Investment	in subsidiary			10		100	100
						225,318	231,965
Current assets
Debtors				12	454,964		412,484
Cash at bank and		in	hand		212,062		350,488
					667,026		762,972
Creditors:	amounts		falling due within one year	13	(161,410)		(153,745)
Net current	assets					505,616	609,227
Creditors:	amounts		falling due after one year	14		(25,000)	(133,000)
Total assets						2705,934	F708,192
Capital fund
Endowment				17		75,992	73,336
Designated	funds			18		140,000	125,000
Income funds
Restricted funds				15		158,244	254,917
Unrestricted	funds					331,698	254,939
						2705,934	F708,192

	Notes	2022	2021
Cash flow from operating activities
Cash (used)/generated in operations	23	(166,151)	46,889
Net cash flow from operating activities		(166,151)	46,889
Cash flow from investing activities
Payments to acquire investments		(3,197)
Receipts from sales ofinvestments			947
Investment income received		18,291	17,722
Net cash flow from investing activities		15,094	18,669
Net increase in cash and cash equivalents		(151,057)	65,558
Cash and cash equivalents at 31 March 2021		390,990	325,432
Cash and cash equivalents at 31 March 2022		2239,933	2390,990
Cash and cash equivalents consists of:
Cash at bank and in hand		239,933	390,990
Cash and cash equivalents at 31 March 2022		2239,933	F390,990

Incoming resources	from	charitable	charitable	charitable	charitable	activities	activities
Grants receivable for charitable					activities			2022	2021
Unrestricted funds:
Leicester City Council								112,258	66,498
Leicestershire County	Council							15,085	15,171
								127,343	81,669
Restricted funds:
Leicester City Council								11,506	11,304
Leicestershire County	Council							4,915	4,829
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 I ottery Community				Fund					82,352
Leicester / Leicestershire Primary					Care	Trusts		4,021	3,964
								20,442	130,949
Total								F147,785	f212,618

	Grants to institutions	Grants to institutions						2022	2021
	Leicester Hospitals		Charity —Covid 19Appeal						2,500
	Age UK Leicestershire			and Rutland				6,000	10,000
	Charity Link							1,000	2,500
	Rainbows	Children's		Hospice					2,500
	Parkinsons	Disease	Society						100
	Women V	Cancer							214
								E7,000	f17,814
								2022	2021
7	Employees
	Number of	employees
	The average	monthly	number ofemployees			during	the year was:	21	18
	The number	of part time employees			was			14	13
	Employment	costs
	Wages and	salaries						415,687	363,006
	Social security costs							29,639	18,849
	Other pension costs							25,924	23,144
								E471,250	6404,999

Other costs	Other costs
Fundraising and publicity			2022	2021
Promotion expenses			15,692	4,152
Investment management	fees		489	379
			f16,181	E4,531
Charitable activity administration		costs
Rent and rates			18,102	14,098
Insurance			4,400	3,618
Light and heat			7,540	2,611
Repairs and maintenance			17,019	226
Stationery			6,069	7,400
Telephone and fax			5,151	4,775
Travelling expenses			9,921	7,002
Legal and professional			13,991	6,304
Sundry expenses			4,392	3,006
Recruitment expenses			1,554	400
Subscriptions			1,456	890
Bank charges			1,927	1,038
Cleaning			5,447	5,017
Computer expenses			25,154	11,907
Health and safety			536	1,198
Staff training			1,755	35
Postage			2,170	4,102
Auditor's remuneration			11,818	17,544
			f138,402	291,171

Group
Tangible fixed assets
	Leasehold	Fixtures	Motor	Total
	property	Fittings &	Vehicle
		equipment
CostlValuation
At 31 March 2021	237,500	38,633	16,640	292,773
Additions
Disposal
At 31 March 2022	F237,500	F38,633	F16,640	F292,773
Depreciation
At 31 March 2021	75,000	38,633	12,369	126,002
Charge for the year	12,500		4,271	16,771
Eliminated on disposal
At 31 March 2022	F87,500	F38,633	F16,640	F142,773
Net book value
At 31 March 2022	F150,000	FNil	FNil	F150,000
At 31 March 2021	F162,500	ENil	F.4,271	F166,771
Company
Tangible fixed assets
		Leasehold	Fixtures	Total
		property	Fittings &
			equipment
CostlValuation
At 31 March 2021		237,500	38,633	276,133
Additions
Disposal
At 31 March 2022		F237,500	F38,633	F276,133
Depreciation
At 31 March 2021		75,000	38,633	113,633
Charge for the year		12,500		12,500
Eliminated on disposal
At 31 March 2022		F87,500	F38,633	F126,133
Net book value
At 31 March 2021		F150,000	ENil	F150,000
At 31 March 2021		F162,500	ENil	F162,500

Charity
Listed investments
Market value at 31 March 2021		69,365
Acquisitions at cost		3,197
Disposals at opening	book value
Net unrealised gain	on revaluation	2,656
Market value at 31	March 2022	675,218
Historical cost:
At 31 March 2022		665,703
Historical cost:
At 31 March 2021		F62,506

Subsidiaries
Details ofthe company's	subsidiary	at 31 March 2022 are as follows:
Name of undertaking		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								394,483
Expenditure								(372,159)
Profit before taxation								822,324
Total Assets								861,519
Total Liabilities								F97,427

11	Stocks
					Group		Charity
					2022	2021	2022	2021
	Goods for resale				13,863	F16,741
12	Debtors
					Group		Charity
					2022	2021	2022	2021
	Trade debtors				368,854	274,470	358,668	270,162
	Income	recoverable			29,370	23,490	29,370	23,490
	Amount	owed by subsidiary		undertaking			62,838	114,726
	Prepayments				13,683	13,054	4,088	4,106
					6411,907	f311,014	F454,964	F412,484
13	Creditors: amounts		falling	due within one year
					Group		Charity
					2022	2021	2022	2021
	Trade creditors				160,404	86,874	141,619	81,852
	Taxes and social security costs				10,591	14,947		6,586
	Other creditors				3,079	13,176		8,283
	Accruals	and deferred	income		28,577	12,024	5,791	12,024
	Pension	deficit			14,000	45,000	14,000	45,000
					f216,651	f172,021	F161,410	f153,745

						Movement	in funds
				Balance	Incoming	Resources	Grants	Balance
				1 April	Resource	Expended	awarded	31 March
				2021			but	2022
							unspent
Carlton Hayes Mental				38,070	36,000	70,307		3,763
Health Charity
Funds held for other			charitable	8,420		7,000		1,420
institutions
Leicester Children's			Aid	7,715	3,156	7,034		3,837
Association
Other funds held	for		distribution	200,712	1,272,340	1,323,828	20,654	128,570
to the needy
Local authorities	and		CCG		20,442	20,442
				F254,917	F1,331,938	F1,428,611	20,654	F137,590
						Movement	in funds
				Balance	Incoming	Resources	Transfer	Balance
				1 April	Resource	Expended		30 March
				2020				2021
Carlton Hayes Mental				3,085	63,000	28,015		38,070
Health Charity
Funds held for other				26,234		17,814		8,420
charitable institutions
Leicester Children's			Aid	6,039	2,618	942		7,715
Association
Other funds held	for			164,009	893,449	856,746		200,712
distribution to the		needy
Local Authorities		and CCGs			130,949	130,949
				F199,367	E1,090,016	F1,034,466		F254,917

Analysis	of net as	sets between fu	sets between fu	sets between fu	nds
Group		Unrestricted			Restricted	Designated	Endowment	Total	Total
			fund		Fund	Funds	Funds	Funds	Funds
								2022	2021
Fund balances at		31	March
2022 are	represented		by:
Tangible	fixed		150,000					150,000	166,771
assets
Investments				100			75,218	75,318	69,365
Current assets			246,698		244,043	140,000	774	631,515	718,745
Creditors:			(76,	110)	(106,453)			(182,563)	(172,021)
amounts	falling
due within	one
year
Creditors:			(25,000)					(25,000)	(133,000)
amounts	falling
due after	one year
			F295,688		F137,590	f140,000	F75,992	F649,270	F649,860
Company
Fund balances at		31	March
2022 are	represented		by:
Tangible	fixed		150,000					150,000	162,500
assets
Investments				100			75,218	75,318	69,465
Current assets			282,708		264,697	140,000	774	688,179	762,873
Creditors:			(76,110)		(106,453)			(182,563)	(153,646)
amounts	falling
due within	one
year
Creditors:			(25,000)					(25,000)	(133,000)
amounts	falling
due after	one year
			F331,698		F158,244	F140,000	F75,992	F705,934	F708,192

					Endowment	Total	Total
					Funds	Funds	Funds
						2022	2021
Unrealised	gains/(losses)		included above:
On investments		(see below)			F9,515	9,515	E6,859
Reconciliation		of movements		in unrealised
Gains/(losses)		on investment		assets
Unrealised	gains				6,859	6,859	(7,004)
at
1 April 2021
Deduct in	respect						144
of
disposals	in year
					6,859	6,859	(6,860)
Net reduction					2,656	2,656	13,719
arising in year
Unrealised	deficit				f9,515	f9,515	f6,859
at
31 March	2022

				2022	2021
					E
Leicester Indigent	Old Age Society			4,537	4,014
The Mansion Trust	(UK)			2,443	3,214
The Nicholson Memorial Fund			(Rosehill Trust)	14,547	14,509
R Daphne Plunket	Charitable	Trust		78,352	14,020
Edward Wood Poor Widows				1,372	1,421
Alderman Newton's	Educational		Foundation	15,832	13,112

2022	2021
f53,652	P6,750

Reconciliation of	net	income to net cash flow from op	erations
			2022	2021
Net movement in funds			(590)	246,468
Depreciation oftangible		fixed assets	16,771	17,992
Gains on investments			(2,656)	(13,811)
Investment income			(18,291)	(17,722)
Decrease in stock			2,878	1,106
Increase in debtors			(100,893)	(218,906)
(Decrease)/Increase	in	creditors	(63,370)	31,762
Net cash (outflow)/inflow		from operations	(F166,151)	F46,889