2021-03-31-accounts - Enrych

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CONTENTS CONTENTS .	CONTENTS CONTENTS .
REPORT OF THE TRUSTEES FOR THE YEAR 2020/ 21.
ABOUT US:		...3
A MESSAGE FROM OUR CEOB		,.A
REFERENCE AND ADMINISTRATIVE DETAILS	..	...6
STRUCTURE, GOVERNANCE AND MANAGEMENT ..		...6
Governing Document.		..6
Recruitment and appointment ofnew Trustees. ..		..6
Stotement ofTrustees' Responsibilities.	.... .	..6
Organisationol Structure ond Purpose. .		..7
Remuneration ofKey Manogement Personnel.		..........7
Risk Management.		..7
Reserves and Investment Policy...		..8
OBJEETIYEsAND ALTIYITIES.,		..8
PUBLIC BENEFIT.
ACHIEVEMENT ANO PERFORMANCE .....		..........9
Context..		..9
KEY 0BJEETIYEsAND AEHIEYEMENTB...		..10
Highlights		..10
FINANcIAL REYIEw AND PIANs FQR FUTURE PERIDDs......		...11
FUTURE PIANs		...11
CHAIR'5 REPORT..		..13
FINANCIAL STATEMENTS..		..15
REFERENcE AND ADMINIETRATIYE DETAILB.		..15
TRUSTEESAND MANAGEMENT .		..15
INDEPENDENT EXAMINER'5 REPORT TOTHE	TRUSTEESos ENRYCH (THE CoMFANY)...	..16
Responsibilities and basis ofreport. ..		..16
independent exomlner's stotement. .		..16
STATEMENT QF FINANclAL AcTIYITIEs FDR THE YEAR ENDED31"MARcH 2021.		..17
BAlANCE SHEET AT 31"MARCH 2021		..18
CASH FLow STATEMENT F0RTHE YEAR ENDED 31"MARcH 2021. ..		..20
NoTEs To THE FINANCIAL STATEMENTS Foe THE YEAR ENDEo 31v MAREH 2021		..21
DETAILED STATEMENT oF FINANcIAL AETIYITIEs FQR	THE YEAR ENDED 31v MARcH 2021.	..30

			Unrestricted	Restricted	2021Total	2020 Total
			Fund	Fund	Funds	Funds
		Notes
INCOME AND ENDOWMENTS	FROM
Donations and legacies Charitable activities			103,184 744,606	15,254 0	118,438 744,606	49,983 745,631
Supporting other Branches Government grants Investment income			3,535 58,979 1,070	0 0 0	3,535 58,979 1,070	2,412 0 1,772
Total Income			911,374	15,254	926,628	799,798
EXPENDITURE ON
Raising funds Charitable activities		6 7to 9	4,034 837,946	0 2,447	4,034 840,393	4,800 771,262
Total Expenditure			841,980	2,447	844,427	776,062
Net gains/ (losses) on investments NET INCOME/(EXPENDITURE)		15	13,965 83,559	0 12,807	13,965 96,166	(8,344) 15,392
TRANSFERS BETWEEN FUNDS			(2,400)	2,400	0	0
NET MOVEMENT IN FUNDS			80,959	15,207	96,166	15,392
RECONCILIATION OF FUNDS
Total funds brought forward TOTALFUNDS CARRIED FORWARD		20	162,250 243,209	0 15,207	162,250 258,416	146,858 162,250

		Unrestricted	Restricted	2021Total	2020 Total
		Fund	Fund	Funds	Funds
	Notes	f		E	E
FIXEDASSETS
Tangible Assets	14	4,809	14,602	19,411	2,995
Investments	15	82,463	0	82,463	62,965
		87,272	14,602	101,874	65,960
CURRENT ASSETS
Debtors	17	91,162	0	91,162	58,022
Cash at Bank	16	123,360	681	124,041	81,975
		214,522	681	215,203	139,997
CREDITORS
Amount falling due within one year	18	(58,585)	(76)	(58,661)	(43,707)
NET CURRENT ASSETS/(LIABILITIES)		155,937	605	156,542	96,290
TOTAL ASSETS LESSCURRENT LIABILITES		243,209	15,207	258,416	162,250
NET ASSETS		243,209	15,207	258,416	162,250
FUNDS	20
Restricted Funds				15,207
Unrestricted funds				243,209	162,250
TOTAL FUNDS				258416	162250

Cash flows from operating activities: Net Income/(Expenditure) for the reporting period Adjustments for:	(as per SOFA)		2021 f 96,166		2020 f 15,392
Depreciation charges (as per notes 9&14) Interest received (as per SOFA) Dividends received (as per SOFA) Change in Market Value ofinvestments (revaluation Movement in debtors	as per note 15)		3,477 (46) (1,024) (13,965)		708 (79) (1,693) 8,344
Movement in creditors			(33,140)		4,110
Net cash provided by operating activities Cash flows from investing activities:			14,954 66,422		(13,363) 13,419
Proceeds from sale ofproperty, plant and equipment Payment for property, plant and equipment (as per Proceeds from sale ofinvestments Payment for purchase ofinvestments Interest received	note 14)	283 (20,176) 25,175 (30,708)		0 (2,032) 23,466 (22,682)
Dividends Received Net cash provided by (used in) investing activities		46 1,024	(24,356)	79 1,693	524
Change in cash and cash equivalents in the reporting	period		42,666		13,943
Cash and cash equivalents at beginning ofthe period Cash and cash equivalents at end ofthe period Net change in cash for the reporting period		81,975 124,041	~2.666	68,032 81,975	13,943

				2021	2020
				E	E
Apprentice	Incentive	Grant		500	0
Bequests	and Legacies Received			0	13,337
Donations	Received			24,680	6,248
Gift Aid				5,003	5,531
Grants				66,254	0
Individual	Donors (Fundraising		Campaign)	22,001	24,117
Trusts and	Foundations			0	750
				118,438	49,983

Investment Income
	2021	2020
	E	E
Dividends	1,024	1,693
Bank Interest	46	79
	1,070	1,772

Raising Fun	ds
			2021	2020
			E	E
Fundraising	costs		3,014	3,780
Investment	and management	fees	1,020	1,020
			4,034	4,800

	2021	2020
	E	E
Direct Costs	678,589	607,899
Support Costs (see note 8)	173,398	163,363
Totals	851,987	771,262

	2021	2020
	E	E
Management	169,677	156,737
Finance	1,722	1,316
Governance	1,999	5,310
	173,398	163,363

		2021	2020
		E	E
Independent	Examination	1,660	1,750
Depreciation	-owned assets	3,477	708

Staff Costs
		2021	2020
		E	E
Wages and	Salaries	691,407	631,885
Social Security Costs		24,688	22,249
Other Pension Costs		8,480	7,864
Redundancy	Costs	6,444	0
		730,658	661,998

				Unrestricted	Restricted		Total Funds
				Fund
			Notes	E	E		E
INCOME AND ENDOWMENTS		FROM
Donations and Legacies				49,983		0	49,983
Charitable activities				745,631		0	745,631
Supporting other Branches				2,412		0	2,412
Investment Income				1,772		0	1,772
Total Income				799,798		0	799,798
EXPENDITURE ON
Raising funds			6	4,800		0	4,800
Charitable Activities			7to9	771,262		0	771,262
Total Expenditure				776,062			776,062
Net gains/ (losses on	investments		15	(8,344)			(8,344)
NET INCOME/(EXPENDITURE)				15,392			15,392
RECONCILIATION OF FUNDS
Total funds brought	forward			146,858		0	146,858
TOTAL FUNDS CARRIED FORWARD				162,250		0	162,250

					2021	2020
					E	E
Funds held at start ofyear					0	11,840
Fund Received	On behalf of Provider Managed			Account clients	0	899
						12,738
Funds Expended
On behalf of Provider Managed		Account clients				670
Funds returned	to Local Authority		upon closure			12,069
						12,738

	Fixtures 8	Fittings		IT&Office	Equipment	Total	2021
Cost	Unrestricted	Restricted		Unrestricted	Restricted	Unrestricted	Restricted	TOTAL
	E	E		E	E	E	E	E
At 1st April 2020	11,021		0	3,644	0	14,665	0	14,665
Additions	2I191		0	935	17,050	3,126	17,050	20,176
Disposals	0		0	(370)	0	(370)	0	(370)
At 31st March
2021	13,212			4,209	17,050	17,421	17,050	34,471
Depreciation
At 1st April 2020	10,831			839	0	11,670	0	11,670
Charge for the
year	212			817	2,448	1,029	2,448	3,477
Disposals	0			(87)	0	(87)	0	(87)
At 31st March
2021	11,043			1,569	2,448	12,612	2,448	15,060
Net Book Value
At 31st March
2021	2,169		0	2,640	14,602	4,809	14,602	19,411
At 31st March
2020	190		0	2,805	0	2,995	0	2,995

Fixed Asset Investm	ents
		2021	2020
Listed investments,	Market Value	E	E
At 1st April 2020		62,965	72,094
Additions		30,708	22,681
Disposals		(25,175)	(23,466)
Revaluations		13,965	(8,344)
At 31st March 2021		82,463	62,965

Bank Accounts
	2021	2020
	E	E
Current Account	23,396	33,552
Savings Account	36,550	35,527
Savings Account 2	62,468	5,945
Cash Tin	206	0
Investment Bank Capital and Income Accounts	1,422	6,950
	124,041	81,975

Debtors:
	2021	2020
	E	E
Debtors	29,002	9,664
Rent Security Deposit	5,400	0
Prepayments	56,760	48,358
	91,162	58,022

	2021	2020
	E	E
Trade creditors	28,758	4,142
Social Security and other taxes	815	8,135
Pension	1,546	1,522
Other Creditors	49	49
Accruals	27,493	29,859
	58,661	43,707

	Within 1year	2 —5years
	E	E
Printer Leased Agreement	2,058	4,631
Legal Support Services	6,697	7,255
	8,755	11,886

		At 01-04-2020	Net Movement	in funds	At 31-03-2021
		E	E		E
Unrestricted	funds	162,250		80,959	231,615
Restricted funds		0		15,207	15,207
Total Funds		162,250		96,166	246,822

Net moveme	nt in fun	ds, included in the	above are as foll	ows:
					Transfers
		incoming	Resources	Gains and	between	Movement in
		resources	expended	losses	funds	funds
		E	E	E	E	E
Unrestricted	funds	911,374	(853,574)	13,965	(2,400)	80,959
Restricted funds		15,254	(2,447)	0	2,400	15,207
Total Funds		926,628	(856,021)	13,965		96,166

		At 01-04-2019	Net Movement	in funds	At 31-03-2020
		E	E		E
Unrestricted	funds	146,858		15,392	162,250
Restricted funds		0		0	0
Total Funds		146,858		15,392	162,250

			Incoming	Resources			Movement
			resources	expended	Gains and	losses	funds
			E	E	E		E
Unrestricted		funds	799,798	(776,062)		(8,344)	15,392
Restricted	funds
Total Funds			799,798	(776,062)		(8,344)	15,392

DETAILED STA MARCH 2021	T	E	ME	N	T	OF FINA	NCIAL ACTIV	ITIES FOR T	HE YEAR END	ED 31sT
							Unrestricted	Restricted	Year End 31st	Year End 31st
							Fund	Fund	Mar 2021	Mar 2020
							E	E	E	E
Income
Donations, Grants &Legacies
Apprentice Incentive Grant							500	0	500	0
Bequests and Legacies	Received						0	0	0	13,337
Donations Received							24,680	0	24,680	6,248
Gift Aid							5,003	0	5,003	5,531
Grants							51,000	15,254	66,254	0
Government grants (JRS		scheme)					58,979	0	58,979	0
Individual Donors (Fundraising				Campaign)			22,001	0	22,001	24,117
Trusts and Foundations							0	0	0	750
							162,163	15,254	177,417	49,983
Income from Charitable		Activities
Enrych Assist PA Service		Income					744,606		744,606	745,631
Other Charitable Actives	-	Supporting				Branches	3,535		3,535	2,412
							748,141		748,141	748,043
Investment Income
Dividends Received							1,024		1,024	1,693
Interest Received							46		46	79
							1,070	0	1,070	1,772
Total Incoming Resources							911,374	15,254	926,628	799,798
Expenditure
Raising Funds
Costs of Fundraising							1,598		1,598	1,452
Investment management	Charge						1,020		1,020	1,020
Professional Fees - Legacy			claims				0		0	900
Rapidata charges							1,416		1,416	1,428
							4,034		4,034	4,800
Expenditure on Charitable			Activates
Social Security - Employer's			Nl (Assist			Staff)	6,473		6,473	5,642
Pension - Nest Pension Costs ERS					(Assist Staff)		2,008		2,008	1,650
Salaries (Assist Staff)							124,209		124,209	92,435
Motor vehicle &mileage	(Assist			Staff)			2,899		2,899	6,028
Travelling &subsistence	(Assist			related)			186		186	511
Social Security - P.A Employers				N.	I		7,843		7,843	6,387
Pensions - PA Nest Pension Contribution Cost			Employers				2,839		2,839	2,283
Salaries & Expenses - Assist			PAs				499,600		499,600	473,581
Training & Recruitment							2,005		2,005	1,123
Advertising &promotion							818		818	2,074
Branch Expenses (Rechargeable				to	Branch)		1,249		1,249	799
Branch funding							0		0	4,000

EPORT AND FINANCIAL STATEMEN NRYCH 31MARCH 2021
	Unrestricted	Restricted	Year End 31st	Year End 31st
	Fund	Fund	Mar 2021	Mar 2020
	E	E	E	E
Branch Training Costs (Not Recharged) Care Planner Licence Fee Care Planner Call Monitoring Costs CRM Software Subscription (Act Premium) DBSChecks Costs Equipment for Projects Meeting room hire PPE for PAs Professional fees —Legal Advice Sundry Equipment for PAs (Car Seat Covers,	600 3,120 71 1,996 1,619 19 243 1,967 7,159 73	0 0 0 0 0 0 0 0 0	600 3,120 71 1,996 1,619 19 243 1,967 7,159 73	0 0 0 1,814 1,639 0 558 0 7,365 10
RADAR Keys)	666,996	0	666,996	607,899
Supporting Costs
Management Social security - Employer's Nl (Management	10,371		10,371	9,767
Team) Pensions - Nest & TPT (Management Team) Redundancy Payments (Management Team) Furlough Pay (Management Team) Salaries (Management Team) Homeworking, Travel, Motor vehicle, Mileage &	3,633 6,444 4,196 107,103 559		3,633 6,444 4,196 107,103 559	3,932 0 0 114,542 2,706
Subsistence (Management Team) Accounting Fees Bad debts Computer expenses Furniture/Fitting Depreciation Insurance IT8 office equipment depreciation	3,597 38 299 212 2,090 817 838	2,447	3,597 38 299 212 2,090 3,264 838	3,791 258 152 63 1,460 645 1,345
IT support Office equipmenl Printing, postage and stationery Relocation Costs Rent, rates and services Staff welfare Subscriptions Sundries Telephone and internet Website and rebranding	2,756 4,481 420 11,748 727 874 169 2,800 3,058 167,230	2,447	2,756 4,481 420 11,748 727 874 169 2,800 3,058 169,677	117 3,407 445 8,428 603 490 138 2,724 1,726 156,737
Finance Bank charges and interests Stripe Card Payment charges	1,502 221 1,722		1,502 221 1,722	1,168 147 1,316
Governance Costs Audit and accountancy fees Governance Cost	1,660 13		1,660 13	1,750 13

			Unrestricted	Restricted	Year End 31st	Year End 31st
			Fund	Fund	Mar 2021	Mar 2020
			E	E	E	E
Hospitality	&AGM		326	0	326	2,242
Trustee meetings		&expenses	0	0	0	1,305
			1,999		1,999	5,310
Total Resources		Expenses	841,981	2,447	844,428	776,062
Net Income	/(Expenditure)		69,393	12,807	82,200	23,736