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|||Page|
|---|---|---|
|Reference and Administrative
Details|||
|Report ofthe Trustees||2to 5|
|Independent
Examiner's|Report|6to 7|
|Statement of Financial|Activities||
|Statement of Financial|Position|9to 10|
|Statement ofCash Flows|||
|Notes to the Statement|ofCash Flows|12|
|Notes to the Financial Statements||13to 23|
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||||FOR TH|E YEAR E|NDED 31DECEM|BER 2020|||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||||||Unrestricted|Restricted|Total funds|Total funds|
||||||fund|funds|||
|||||Notes|E|E|||
|INCOME AND||ENDOWMENTS|FROM||||||
|Donations
and||legacies|||68,779|160,348|229,127|119,908|
|Charitable
activities|||||||||
|Special Needs||projects|||3,927|483,668|487,595|461,347|
|Other trading|activities||||4,969||4,969|38,416|
|Investment
income|||||192||192|305|
|Total|||||77,867|644,016|721,883|619,976|
|EXPENDITURE||ON|||||||
|Raising funds||||6|18,801|11,127|29,928|57,502|
|Charitable
activities||||7|||||
|Special Needs||projects|||51,401|531,204|582,605|468,558|
|Total|||||70,202|542,331|612,533|526,060|
|NET INCOME|||||7,665|101,685|109,350|93,916|
|Transfers between funds||||16|9,650|(9,650)|||
|Net movement||in funds|||17,315|92,035|109,350|93,916|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds broughtforward|||||310,637|31,867|342,504|248,588|
|TOTAL FUNDS||CARRIED FORWARD|||327,952|123,902|451,854|342,504|
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|||||2020|2019|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total funds|Total funds|
|||fund|funds|||
||Notes|E|f|E|f|
|FIXEDASSETS||||||
|Tangible assets|13|44,364||44,364|41,783|
|CURRENT ASSETS||||||
|Debtors|14|36,751||36,751|38,085|
|Cash at bank||262,000|123,902|385,902|277,049|
|||298,751|123,902|422,653|315,134|
|CREDITORS||||||
|Amounts
falling due within one year|15|(15,163)||(15,163)|(14,413)|
|NET CURRENT ASSETS||283,588|123,902|407,490|300,721|
|TOTAI. ASSETS LESSCURRENT LIABILITIES||327,952|123,902|451,854|342,504|
|NET ASSETS||327,952|123,902|451,854|342,504|
|FUNDS|16|||||
|Unrestricted
funds||||327,952|310,637|
|Restricted funds||||123,902|31,867|
|TOTALFUNDS||||451,854|342,504|
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|||||2020|2019|
|---|---|---|---|---|---|
||||Notes|E|E|
|Cash flows from operating|activities:|||||
|Cash generated
from operations||||124,689|87,150|
|Net cash provided
by (used|in) operating|||||
|activities||||124,689|87,150|
|Cash flows from investing activities:||||||
|Purchase oftangible fixed assets||||(16,218)|(31,863)|
|Sale oftangible
fixed assets||||190||
|Interest received||||192|305|
|Net cash provided
by (used|in) investing|||||
|activities||||(15,836)|(31,558)|
|Change
in cash and cash equivalents||in the||||
|reporting
period||||108,853|55,592|
|Cash and cash equivalents|at the beginning||of|||
|the reporting
period||||277,049|221,457|
|Cash and cash equivalents|atthe end|ofthe||||
|reporting
period||||385,902|277,049|
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||RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OPERATING|ACTIVITIES||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
|||||||||f|E|
||Net income forthe||reporting|period (as|per the statement|of||||
||financial activities)|||||||109,350|93,916|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||13,638|10,593|
||Profit on disposal|offixed assets||||||(190)||
||Interest received|||||||(192)|(305)|
||Decrease/(increase)||in debtors|||||1333|(881)|
||Increase/(decrease)||in creditors|||||750|(16,173)|
||Net cash provided||by (used in) operating||activities|||124,689|87,150|
|2.|ANALYSIS OF CHANGES IN NET FUNDS|||||||||
|||||||At 1/1/20||Cash flow|At 31/12/20|
||||||||f|E|f|
||Net cash|||||||||
||Cash at bank||||||277,049|108,853|385,902|
||Total||||||277,049|108,853|385,902|
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
|||||f|E|E|f|
|Donations||||65,763|500|66,263|116,718|
|Grants|||||159,848|159,848||
|Membership||||3,016||3,016|3,190|
|||||68,779|160,348|229,127|119,908|
|Ofthe 2019|income f10,000||was restricted.|||||
|Grants received, included||in the above, are||as follows:||||
|||||||2020|2019|
|||||||f|E|
|Government|grant - furlough||support|||159,848||
|OTHER TRADING ACTIVITIES||||||||
|||||||2020|2019|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funcls|
|||||E|E|E|E|
|Fundraising|events|||4,969||4,969|38,416|
|Ofthe 2019|income f26,000||was restricted.|||||
|INVESTMENT INCOME||||||||
|||||||2020|2019|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
|||||E|E|E|f|
|Deposit account interest||||192||192|305|
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|||2020|2019|
|---|---|---|---|
||Activity|E|E|
|Income from student fees|Special Needs projects|474,132|435,363|
|Income from sales of||||
|goods|Special Needs projects|9,935|19,699|
|Other income|Special Needs projects|3,528|6,285|
|||487,595|461,347|
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||f|f|f|f|
|Travelling|||166||166||
|Other office costs|||3,655||3,655|2,884|
|Postage, stationary||and telephone|4,410||4,410|6,681|
|Website costs|||3,464||3,464|841|
|Entertaining|||2,341||2,341|1,167|
|Bad debts|written|off|987||987|146|
||||15,023||15,023|11,719|
|Other trading activities|||||||
||||||2020|2019|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||E|f|E|E|
|Purchases|||3,778|11,127|14,905|45,783|
|Aggregate|amounts||18,801|11,127|29,928|57,502|
##
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||||Support||
|---|---|---|---|---|
|||Direct costs|costs|Totals|
|||f|(See note 8)
E|E|
||Special Needs projects|574,455|8,150|582,605|
|8.|SUPPORT COSTS||||
|||||Governance|
|||||costs|
|||||f|
||Special Needs projects|||8,150|
|9.|NET INCOME/(EXPENDITURE)||||
||Net income/(expenditure)|is stated after charging/(crediting):|||
||||2020|2019|
||||E|E|
||Depreciation - owned assets||13,637|10,593|
||Surplus on disposal offixed asset||(190)||
||Independent
Examination|fee|1,300|1,300|
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|||||2020|2019|
|---|---|---|---|---|---|
|||||f|f|
|Wages and salaries||||433,946|364,367|
|Social security costs||||21,131|15,148|
|Other pension costs||||15,835|11,440|
|||||470,912|390,955|
|The average monthly|number ofemployees||during the year was as follows:|||
|||||2020|2019|
|Administrative
staff||||1|1|
|Vassell Centre programme||staff||32|18|
|||||33|19|
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|||2020|2019|
|---|---|---|---|
|||f|E|
|Depreciation
ofequipment||5,491|4,200|
|Depreciation
ofminibuses||8,147|6,393|
|Business insurance||2,017|1,497|
|Accountancy||1333|1,230|
|Minibus
running
costs||28,472|24,970|
|Web site costs||2,904|1,283|
|Training costs||2,281|1,626|
|Telephone
and other office costs||13232|9,498|
|Salaries||470,912|390,955|
|Vassall Centre expenses||41,448|39,513|
|Professional fees||100|48|
|Purchases
including|PROPs clothing|11,471|23,082|
|Recruitment
expenses||11,576|4,917|
|COVID expenses||12,162||
|Bad debts written|off|987|146|
|||612,533|526,060|
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|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Fixtures and|Motor|Computer||
||fittings|vehicles|equipment|Totals|
||E|E|E|E|
|COST|||||
|At 1January 2020|11,960|48,678|28,249|88,887|
|Additions|902|9,650|5,666|16,218|
|At 31December 2020|12,862|58,328|33,915|105,105|
|DEPRECIATION|||||
|At 1January 2020|7,452|18,500|21,152|47,104|
|Charge for year|2,559|8,147|2,931|13,637|
|At 31December 2020|10,011|26,647|24,083|60,741|
|NET BOOK VALUE|||||
|At 31December 2020|2,851|31,681|9,832|44,364|
|At 31December 2019|4,508|30,178|7,097|41,783|
##
|||2020|2019|
|---|---|---|---|
|||f|f|
|Trade debtors||21,104|27,462|
|Other debtors||15,647|10,623|
|||36,751|38,085|
|CREDITORS: AIVIOUNTS FALLING DUE WITHIN ONE YEAR||||
|||2020|2019|
|||E|E|
|Trade creditors||1,448|5,299|
|Social security and other taxes||7,214|5,936|
|Other creditors||4,213|1,734|
|Accruals and deferred|income|2,288|1,444|
|||15,163|14,413|
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|||Net|Transfers||
|---|---|---|---|---|
|||movement
in|between||
||At 1/1/20|funds|funds|At 31/12/20|
||E|f|E|E|
|Unrestricted
funds|||||
|General
fund|310,637|7,665|9,650|327,952|
|Restdcted
funds|||||
|Vassall Centre|9,067|107,121||116,188|
|StJames Place|10,000|(5,830)||4,170|
|Minibus fund|12,800||(9,650)|3,150|
|Apple Pressing||394||394|
||31,867|101,685|(9,650)|123,902|
|TOTAL FUNDS|342,504|109,350||451,854|
##
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|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources
E|expended
f|in funds
E|
|Unrestricted|funds||||||
|General fund||||77,867|(70,202)|7,665|
|Restricted funds|||||||
|Vassall Centre||||643,516|(536,395)|107,121|
|StJames Place|||||(5,830)|(5,830)|
|Apple Pressing||||500|(106)|394|
|||||644,016|(542,331)|101,685|
|TOTAL FUNDS||||721,883|(612,533)|109,350|
|Comparatives|for movement|in funds|||||
|||||Net|Transfers||
|||||movement
in|between||
||||At 1/1/19|funds|funds|At 31/12/19|
||||E|f|f|E|
|Unrestricted|Funds||||||
|General fund|||238,666|58,771|13,200|310,637|
|Restricted
Funds|||||||
|Vassall Centre|||9,922|(855)||9,067|
|StJames Place||||10,000||10,000|
|Minibus
fund||||26,000|(13,200)|12,800|
||||9,922|35,145|(13,200)|31,867|
|TOTAL FUNDS|||248,588|93,916||342,504|
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||E|E|E|
|Unrestricted|funds||||
|General fund||128,198|(69,427)|58,771|
|Restricted funds|||||
|Vassall Centre||455,778|(456,633)|(855)|
|StJames Place||10,000||10,000|
|Minibus
fund||26,000||26,000|
|||491,778|(456,633)|35,145|
|TOTAL FUNDS||619,976|(526,060)|93,916|
|||Net|Transfers||
|---|---|---|---|---|
|||movement
in|between||
||At 1/1/19|funds|funds|At 31/12/20|
||E|f|f|f|
|Unrestricted
funds|||||
|General
fund|238,666|66,436|22,850|327,952|
|Restricted funds|||||
|Vassall Centre|9,922|106,266||116,188|
|StJames Place||4,170||4,170|
|Minibus
fund||26,000|(22,850)|3,150|
|Apple Pressing||394||394|
||9,922|136,830|(22,850)|123,902|
|TOTAL FUNDS|248,588|203,266||451,854|
##
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||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||E|E|E|
|Unrestricted
funds||||
|General fund|206,065|(139,629)|66,436|
|Restricted funds||||
|Vassall Centre|1,099,294|(993,028)|106,266|
|StJames Place|10,000|(5,830)|4,170|
|Minibus
fund|26,000||26,000|
|Apple Pressing|500|(106)|394|
||1,135,794|(998,964)|136,830|
|TOTAL FUNDS|1,341,859|(1,138,593)|203,266|
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