| Page | ||
|---|---|---|
| Trustees report | 1-8 | |
| Independent auditor's |
report | 9-10 |
| Statement offinancial | activities | |
| Balance sheet | 12 | |
| Statement ofcash flows |
||
| Notes to the accounts | 14-19 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | |||
| Notes | 6 | 6 | 8 | |||
| Income from | ||||||
| Donations &Legacies Charitable Activities |
28,105 973 l746 |
76,233 | 104,338 973846 |
82,102 999116 |
||
| Total Income | 1 001 951 | 76233 | 1 078 184 | 1 081218 | ||
| Expenditure on |
||||||
| Charitable Activities |
5 | 811018 | 76233 | 887251 | 1 061 837 | |
| Total Resources Expanded | 811018 | 76233 | 887251 | 1 061 837 | ||
| Net Income/(Expense) | for the | year | ||||
| Net movements in funds Fund balances at 1 April 2020 |
190,933 161547 |
190,933 ~11547 |
19,381 142 166 |
|||
| Fund balances at 31 March 2021 | 352480 | 352480 | ~161 47 |
| 2021 | 2020 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Notes | E | E | ||||||
| Fixed assets | ||||||||
| Tangible assets | 400 880 | 409376 | ||||||
| Current Assets | ||||||||
| Debtors Cash at Bank and |
in | hand | 7 | 95,281 248 253 |
123,639 78490 |
|||
| 343,534 | 202,129 | |||||||
| Creditors: amounts | falling | |||||||
| due within one year | 8 | 41 055 | (~84 142 | |||||
| Net Current assets Total assets less current |
liabilities | 302479 703,359 |
117987 527,363 |
|||||
| Creditors: amounts | falling | due | ||||||
| after more than one | year | 9 | 350879 | (~365816 | ||||
| 352480 | 161547 | |||||||
| Income Funds | ||||||||
| Unrestricted Funds |
352480 | 161547 | ||||||
| Total Funds | 352480 | 161547 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Net Movement in Funds |
|||||
| Surplus/(Deficit) for the year |
190,933 | 19,381 | |||
| Add back depreciation Decrease/(Increase) in Debtors Increase/(Decrease) in Creditors Net cashflow provided by (used in) operating |
activities | 1,411 35,443 ~43 087 184700 |
8,495 (71,984) 44 232 124 |
||
| Cashflows from Investing Activities |
|||||
| Purchase oftangible fixed assets |
|||||
| Cashflow provided by/(used in) investing |
activities | ||||
| Cashflows from Financing Activities |
|||||
| Loan advanced/(Repayment of borrowing) Cashflows provided by/(used in) financing |
activities | (~14937 (14937) |
~19235 (~19235 |
||
| Increase/(Decrease) in Cash and Cash |
Equivalents | in year | 169763 | (19111) |
| Accounting policies |
|---|
| SACAR is a private company limited by guarantee incorporated in England and Wales. The registered office is Onward House, 2 Baptist Place, Bradford, BD12PS. |
| Accounting convention |
| These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ofireland" ("FRS102"),"Accounting and Reporting by Charities" the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015.The Charity is a Public Benefit Entity as defined by FRS102. |
| The accounts are prepared in sterling, which is the functional currency ofthe Charity. Monetary amounts in these financial statements are rounded to the nearest F. |
| Going concern |
| At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. |
| Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. |
| Charitable funds |
| Unrestricted funds are available for use at the discretion ofthe Trustees in furtherance oftheir |
| charitable objectives unless the funds have been designated for other purposes. |
| Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses ofthe restricted funds are set out in the notes to the accounts. |
| Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity. |
| Incoming resources |
| Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. |
| Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified ofthe donation unless performance conditions require deferral ofthe amount. |
| Income tax recoverable in relation to donations received under Gift Aid ordeeds ofcovenant is |
| recognised at the time ofthe donation. |
| I egacies are recognized on receipt, otherwise ifthe Charity has been notified ofan impending distribufion —the amount is known, and receipt is expected. If the amount is not known, the |
| legacy is treated as a contingent asset. |
| Turnover is measured at the fair value of the consideration received or receivable and |
| represents amounts receivable for goods and services provided in the normal course of |
| business, net ofdiscounts, VAT, and other sales related taxes. |
| 5a Support and |
Governance | Governance | Costs | |||
|---|---|---|---|---|---|---|
| Support | Governance | Total | Total | |||
| Costs | Costs | 2021 | 2020 | |||
| Rent &Rates Light, Heat 8 Power Insurance Repairs & Maintenance IT Bank Fees Interest Charges Depreciation Audit |
6 87,281 23,746 6,689 4,957 3,533 81 14,013 8,496 |
8 6720 |
87,281 23,746 6,689 4,957 3,533 81 14,013 8,496 6 720 |
6 101,734 34,595 6,726 11,998 1,820 64 17,155 8,495 6720 |
||
| 148796 | 6720 | 155 516 | 189307 | |||
| 6 Tangible assets |
||||||
| Land and | Office | |||||
| Cost | Buildingsf | Equipment | Total F |
|||
| At 1 April 2020 and 31 | March | 2021 | 424 788 | 38 084 | 462 872 | |
| Depreciation | ||||||
| At 1 April 2020 Charge for the year At 31 March 2021 |
15,412 ~496 ~239 8 |
38,084 35 084 |
53,496 8496 51 992 |
|||
| Net book value | ||||||
| At 31 March 2021 | 400 880 | 400 880 | ||||
| At 1 April 2020 | 409 376 | 409376 | ||||
| The land and buildings | have | been funded by loans |
that are secured | by legal charges-see | note 9 | |
| 7 Debtors |
||||||
| 2021 | 2020 | |||||
| E | ||||||
| Amounts falling due within |
one year | |||||
| Trade Debtors Other Debtors |
19,292 75989 |
18,915 104724 |
||||
| ~9281 | 123629 | |||||
| 8 Creditors: amounts |
due within one year | |||||
| Amounts falling due within |
one year | |||||
| Bank Loans Trade Creditors Other Creditors Accruals Deferred Income (see note 8a) |
24,900 6,435 9,720 |
24,900 15,293 7,885 6,240 29824 |
||||
| 41 055 | 84 142 |
| Balance | Balance | at | Incoming | Resources | Balance at | ||||
|---|---|---|---|---|---|---|---|---|---|
| 01/04/2020 | Resources | Expended | 31/03/2021 | ||||||
| E | E | ||||||||
| Wolfson Foundation Postcode lottery |
19,879 9945 |
19,879 ~945 |
|||||||
| ~29 | 24 | 29824 | |||||||
| 9. | Creditors: amounts | falling | due after more than one year | ||||||
| 2021 | 2020 | ||||||||
| E | E | ||||||||
| Bank loans | 350 879 | 365816 | |||||||
| Amount Amount Amount |
payable payable payable |
within one year between two to five years over five years |
24,900 99,600 251 279 |
24,900 99,600 266216 |
|||||
| 375 779 | 390716 |
| 2021 | 2020 |
|---|---|
| 6 | |
| 6720 | 6720 |
| lease payments under non - cancellable operating |
leases total, which fall due as follows: |
|
|---|---|---|
| 2021 | 2020 | |
| E | ||
| Within one year Between two and five years After five years |
28,000 95,667 |
30,000 120,000 125l)0 |
| 123667 | 162500 |