2021-03-31-accounts - The Oaklea Trust

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				Page
Report ofthe	Trustees			I to 7
Report ofthe	Indepcndcnt Auditors			8 to I I
Consolidated	Stntentent	ol'Financial	Activities	12
Italancc Sheets				13
Cash Flotv Statement				14
Notes lo the	Cash Flotv Statement
Notes to the	Firmncial	Slntements		IG to 28

KPI Data for Period
	3103 21	31.03.20
Total number ofemployees	34g	34g
Total number ofvolunteers		5
Number ofcustomers supported	160	140

		CO	SOLIDATED STATKIIIE TOF FI	SOLIDATED STATKIIIE TOF FI	SOLIDATED STATKIIIE TOF FI	SOLIDATED STATKIIIE TOF FI	8 CIAL	C	'ITIES	'ITIES
			FOR THE YEAR E DKD31 T				IARCH 2021
		INCORPORATING		THK I	COME	D EXPENDITURE			ACCOUN
										2021		2020
			Unrestricted		Restricted		Endoimnent		Total	funds	Total	funds
				fund		funds	luixIv
		Notes		f.		f.		E
INCOIIIE AND
KNDOIVGIKNTS	IROM
Donations and legacies					558,040					558,040		91,019
Charitable activities
Care and Support	in Ihe
Community Other trading activities			7,552,395 3 ~629		~6				7,552,395 ~61		6,725,010 ~28
Total			8,155,68G		558,600				8,714,286		7,G06,957
EXPENDITURE	ON
Charitable activities
Care and Support	in ilia
Comnuinity			7,214,445		280,472				7,494,917		G,759,611
Other
Commerciol Irading operations				553 164	~24 642					827 806		773 198
Total			7,767,609		555,114				8,322,723		7,532,809
NET INCOigIE/
(EXPENDITURE)				388,077		3,486				391,563		74,148
Transfer bchvccn	funds			15486		3 486	12000
Net niovcment in	funds			403,563			(12,000)			391,563		74,148
RECONCILIATION		Oli
FUNDS
Total funds brought		foruard					~00			~16		~62
TOTAL IiUNDS	CARRIFD
FORIVARD

Consolidated/Charity Balan rts or 31st A(orch 2021	ce Sheets
			Consolidated		Clrarity
			2021	2020	2021	2020
		Notes	Group	Group f	Charily	Chariiyf
lrlXED ASSETS
Intangible asseis		12	2,574	3,354	2,574	3,354
Tmrgible assets		13	1,047,579	1,056,666	1,013,253	1,010,424
Investments					I	I
			1,050,153	1,060,020	1,015,828	1,013,779
CURRENT ASSETS
Stock			11,380	2,546	5,388
Debtors		15	695,177	511,320	626,462	472,944
Cash at bank			654,431	40,348	586,331	8,401
			1,360,988	554,214	1,218,181	481,345
CREDITORS
Amounts fallitrg due tvtthin one year		16	(993,915)	(548,475)	(903,288)	(506,833)
NET CURRENT ASSETS			367,073	5,739	314,893	(25,488)
TOTAL ASSETSLESSCURRENT LIABILITIES			1,417,226	1,065,759	1,330,721	988,291
CREDITORS
Amounts falling due ager more tlmn one year		17	(309,136)	(349,232)	(302,724)	(334,857)
NETASSETS
FUNDS
Unrestricted fundc:
General funds		21	367,073	704,527	314,893	641,434
Designated funds			741,017		713,104
Restricted funds
Endouvnent Funds —donated	properly			12,000		12,000
NET ASSETS

			The notes forni part ofihese Financinl Statements	The notes forni part ofihese Financinl Statements	The notes forni part ofihese Financinl Statements	The notes forni part ofihese Financinl Statements	The notes forni part ofihese Financinl Statements
			CONSOLIDATED CASHFI.OW STATEMENT
			I OR THE			YEAR E	DED31STiglARCH 20
								2021	2020
							Notes	E	f.
Cash lloivs from	operating	activities:
Cash genernted from operntions Interest paid								746,083 ~5,115)	225,707 ~8000)
Nct cash provided	by (used	in)	operating		activities			740,968	217,707
Cash fluws front	investing	activities:
purchase oftangible lixed assets								(58,988)	(184,072)
Snle oftnng ible fixed assets								774
Interest received
Net cosh provided	by (used	in)	investing		activities			(58,214)	(184,072)
Cash llows from	finnncing	activities:
New loans /(loan repayments) in year Hire purchase creditor incrcasc/(decrease)								(30,760) ~5857)	(42,806) 359
Net sash provided	by (used	in)	finaucing		activities			(36,617)	(42,447)
Change in cash and cash cquivalcnts				in	the	reporting
period								646,137	(8,812)
Cash and cnsh equivalents		at thc beginning				ofthe
reporting period								8,294	17 106
Cash and cash equivalents		at thc cnd		of	the	reportiug
period							2

IJROM OPERATIN	G ACTIVITIES
							2021	2020
								f
Net inconie/(expenditure) for thc reporting			period (as		per thc statement	of
financial activities)							391,563	74,148
Adjustntents for:
Depreciation charges							67,958	67,190
Interest received
Interest paid							5,115	8,000
Del'erred tax							(2,240)	8,652
(Surplus)/Deficit on	disposal offixed assets						(657)	11,351
Amortisation							780	780
Decrense/(incrense)	in stocks						(8,834)	1,797
Decrease/(increase)	in debtors						(183,857)	94,531
(Decrease)/increase	in creditors						~476 255	~40742)
Nct cash provided	by (used in) operating	activities					~746 083	~225 707
ANALYSIS OF CASH AND CASH EOIJIVALENTS
							2021	2020
Cash at bnnk and in	bmid						654,431	40,348
Overdratls included	in bmdi lonns and overdrads			falling	due ivithin one year			~32054)
Total cash and cash equivalents							~654 431	~8294

Deprcciaiion is calc life ofIhni asset as	ulnted so as Io &vri follows:	lc offthe cost of m&	lc offthe cost of m&	nssei, less its
Freehold/leasehold	Property	not depreciated		(see belo&v)
OAice Equipment		25%	- 33%reducing bnlance
House Contents		25%	reducing	balance
Motor Vehicles		25%	reducing	balance
Leasel&old Property	Improven&enis	Over	Il&e tenn	ofthe lease

Note	s (Continued, ,, ,,d	s (Continued, ,, ,,d	s (Continued, ,, ,,d
2,	DONATIONS AND LEGACIES
							2021	2020
	Grants and	sponsorship					557,701	90,873
	General donalions						339	146
3.	OTHER TRADING ACTIVITIES
							2021	2020
	Fundraising	events					560	1,016
	Comntercial	trading operations					603,291	789,912
4.	INCOigIE	FROM CHARTIABLE		ACTIVITIES
							2021f	2020f
	Care and support		in Ihe Cotnmunity				7,547,936	6,714,868
	Cnre and support		in Ihc Cotnmunity	—other			4 459	10 142
5.	CHARITABLE		ACTIVITIES COSTS
						Grant
					Direct	fumling	Support
					Costs	ofactivities	costs	Totals
						(Secnote 6)	(Sce trots 7)f
	Care and Support		in Ihe Contmuniiy		7,482,847		12,070	7,494,917
6.	GRANTS	PAYABLE
							2021f	2020

							The Oaklea Trust
					Tnistees Repori and Consolidated	I'innncial Statements
							31st March 2021
Notes	(Con//imed	... ...)
7,	SUPPORT COSTS
					Governance		Governance
					Costs		Costs
					2021		2020
	Care and	Support in the Community
	Support costs, included		in the nbove, are as follows;
					2021		2020
					Care and		Care and
					Support in		Supportin
					tire		the
					Conununily f.		Conununityf
	Tnistees'	expenses			70		3,556
	Auditors'	fees			~I		~II 00
g.	NET INCOME/(EXPENDITURE)			FOR THE YEAR
	Nel Incoming resources are shotvn			ader charging:
					2021f		2020
	Depreciation —owned ns sets (Surplus)/IJcftcit on disposal offixed assets				67,958 (657)		67,190 11,351
	Auditors'	remuneration			12,000		11,700
	Goodwill	amorlisation
	TRUSTEES RESHJNERATION			AND BENEFITS —CHARITY AND GROUP
	Titere was no tnislees'		remuneration	or other benetits for the yenr ended 31 Murch 2021 nor for the		year ended
	31 Mnrch	2020.
	Trustccs'	expenses			2021f		2020 g
	Tnislees'	expenses
	Expenses	relnte to I Trustee (2020J		5)

						31st Marc
Notes	(Con(lntred„,.)
10.	STAFF COSTS AND EMOLUrbIENTS
					2021 8	2020f
	Wages an&i salaries				6,567,553	5,817,853
	Social Security costs				491,257	426,028
	Pension costs				128,823	116,058
	Particulars ofentirloyees
	The average number ofentployees	(based on headcount)	during	the year, calculated	was as follows:

		2021	2020
			8
Monagentcnt	staff	53	50
Admin staff		18	53
Core and support staff		M32	294

Notes	(Con/imred ......)
11.	COitIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Endovmnent	Total
			fund	funds	fund	funds
			f.	f	f	f.
	INCObIE AND ENDO3YbIENTS FRO81
	Donutions nnd legncies			91,019		91,090
	Charitable activities
	Care nnd Support in the	Conumutity	6,725,010			6,725,010
	Other trading activities		789,912	1,016		790,928
	Total		7,514,922	92,035		7,606,957
	EXPENDITURE ON
	Clwritable activities
	Care and Support in thc Community		6,758,246	1,365		6,759,611
	Other
	Colnltlercial trnding operntions		705,667	67,531		773,198
	Total		7,463,913	68,896		7,532,809
	NET INCOSIE/(EXPENDITURE)		51,009	23,139		74,148
	Tronsfer betvvcen funds		43,139	(23,139)	(20,000)
	Net movement in funds		94,148		(20,000)	74,148
	RECONCILIATION	Olr I UNDS
	Total fuads brought forvvard		610,379		32,000	642,379
	TOTAL lil/NDS CARRIED FOR3YARD		704,527		12,000	716,527

	Trust	ees Report and Consolidated Financial State 31stMarch
Notes	(Con//noel/ ......)
12.	INTANGIBLE FLs(ED ASSETS
	Consolidated / Charily	GoodlriB
	COST
	At I April 2020 and 31 March 2021	7,800
	AhIORTISATION
	At I April 2020	4,446
	Charge for year
	At 31 Morcb 2021
	NET BOOK VALUE
	At 31 March 2021
	At 31 Mnrch 2020

ConsoBdatcd
	Irrccbold/	Inlpl'ovc
	Leasehold	niente to	Office	House	Motor
	Property	Property	Equipntent	Contents	Vcblclcsf	Totalf
Cost
Brought forward	1,071,405	20,546	283,830	148,549	84,267	1,608,597
Adtllt lone			52,517	6,471		58,988
Oisposals			(864)			(864)
Carried fonvard	1,071,405	20,546	335,483	155,020	84,267	1,666,721
Depreciation
Brought forward	195,234	2,055	201,281	110,902	42,459	551,931
Cbnrge I'or Ihe Year	1,529	2,054	42,892	11,030	10,453	67,958
Elilninnted on disposal			(747)			(747)
Carried forward	196,763	4,109	243,426	121,932	52,912	619,142
Net book value
At 31 March 2021	874,642	16,437	92,057	33,088	31,355	1,047,579
At 31 Morch 2020

ChavlIl'
	Frcchold/	Inqirovc-
	Lcaschoid	nicnts to	OIBCC	Ilousc	Motor
	Propel'1)'f	property	equiparant	conteuts	Ycbicles	Totalf
Cost
Broughtloruard	1,063,764	20,546	270,257	148,549	11,502	1,514,618
Additions			51,423	6,471		57,894
Disposals			(1164)			(864)
Carried fonvard	1,063,764	20,546	320,816	155,020	11,502	1,571,648
Dcprcciation
Brought fonvard	191,286	2,055	192,088	110,902	7,863	504,194
C1targe for the Year		2,054	40,954	11,030	910	54,948
Eliminated on disposal			(747)			(747)
Carried fomvard	191,286	4,109	232,295	121,932	8,773	558,395
Nct book vlllllc
At 31 March 2021
At 31 March 2020

FIXLiD AS	SETINVESTihIENTS (SIIARE CAPITAL	OWNED fl)
		2021 f	2020f
Rigbt2Work	Limited:
Profit/(loss)	for the year	17,000	17,000
Net asseis/(liabilities)		80,093	63,093

DEBTORS
					Consolidated				Charity
					2021	2020		2021f	2020
rtrnorrnrs falling	drre rr trfrln one year:
Trade debtors					405,608	222,159		36E,927	206,641
Amounts owed	by group	un&ler takings							7,359
Otlrer debtors					229,207	235,256		22E,311	229,907
Prepayments and accrued		income			60,362	53,905		29,224	19,037
drrlolalrs follhlg	doe after	more rlron	orre year
Amounts otved	by group	undertakings
Aggregate Amounts
CREDITORS:	AMOUNTS FALLING DUE 5YITIIIN ONE YEAR
					Consolidated				Charity
					2021	2020f		2021 8	2020 f
Bnnk lomrs and	overdrags	(see note	I8)		31,729	62,410		31,729	62,410
Trade creditors					66,389	82,042		59,330	78,708
Other creditors					50,221	44,411		50,221	44,411
Social Security	mrd other	laxes			129,890	108,711		112,287	96,525
Accruals and deferred income					709,890	244,971		636,849	224,779
Hire purchase (sec note 19)					5,796	5,930
Amounts otved	to group undertakings							12,872
Bank loans are repayable		in quarterly	instalments	ned interest	is currently	clmrged benveen 3.3'/o-3.			65k
Bnnk loons and	overdrafls	are secured by first legal charges over Freehold				and Lcaschold		properties	at Garth Bro
Lotvtber Park, Rend ah Yealand Drive, Ulverston;				Edenside, Appleby; and		adebenture	overall other		property and
CREDITORS:	AMOUNTS FALLING DUE AFTER MORE THAN					ONK YEAR
					Consolidated				Cltarilv
					2021	2020		2021	2020
					8			8	8
Bonk loans (see note 18)					99,000	131,133		99,000	131,133
Accruols and deferred inconte					203,724	203,724		203,724	203,724
Hire purchase (see note 19) Deferred tax					~612	5,723 ~86 2

An analysis oft	he maturity	ofloans is given bel	oiv:
						Consolidated			Charity
				2021			2020	2021		2020
					f		f
Amounts 1'ailing due within		one year on deniand:
Bank overdraA						32,054				32,054
Bank loans				31729		30356		31729		30356
Amounts falling due benveen		one ond two years:
Bank loans —1 —2 years
Amounts falling due benveen		one and tivo years:
Bank loans —2 —5 years
LEASING AGREL/ihlENTS
Minimum lease	payments	under non-cancellable	operating	leases foll due as folloivs:
								Ilire purchase	contracts
								2021		2020
								f
Net obiigations	repayable;
Within one year								5,796		5,930
Bctiveen one and five years										5,723
				Land and buildings				Other operating		leases
				2021 f			2020 f	2021		2020f
Expiring:
Within one year				94,430		70,194				20,567
Between one and five years				~143	6	~16	52	16262		33603

Consolidated	Consolidated
					Transfers
		Balance at	Inconiing	Oillgollig	bchvccn	Balance of
		01.04.2020	Rcsourccs	Rcsourccs	Rmources	funds
31.03.2021
Unrestricted	I'unds
General fund		704,527	8,155,686	(7,767,609)	(725,531)	367,073
Designated	Fund				741,017	741,017
Rcstrlctcd Funds*
Restricted			558,600	(555,114)	(3,486)
Endoivnicnt	I'unde
Elldotviiicii'I		12,000			(12,000)
Torsifiiuds		716,527	8,714,286	(8,322,723)		1,108,090
Charity
					Transfers
		Balance st	Inconilng	Outgoing	behveen	Balance at
		01.04.2020	Resources	Resources	funds	31.03.2021f
Unrestricted	Irunds
General lund		641,434	7,840,857	(7,469,780)	(697,618)	314,893
Designated	I'und				713,104	713,104
Restricted	Irunds*
Restricted			283,958	(280,472)	(3,486)
Endowment	Funds
Endotvntent		12,000			(12,000)
Tern(fimds		653,434	8,124,815	(7,750,252)		1,027,997

		CoasoBdated	CoasoBdated			Charity
		Unrcstrictcd	Designated	Restricted	Unrcstrlctcd	Designated	Restricted
		trund	Fund	Irund 8	Fend f	Fund	I'undf
Fixed Assets			1,050,153			1,015,828
Current	Assets	1,360,988			1,218,181
Current	Liabilities	(993,915)			(903,288)
Creditors	due over one year		(309,136)			(302,724)
		367,073	741,017		314,893	713,104