OpenCharities

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

2022-03-31-accounts

CONTENTS PAGE
Trustees Report 1-4
Independent
Examiners		 Report
Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flow
Notes to the Financial Statements 9-20

'D O
CD		 O r'D
00 'D Vl
l Dt
CC
D
00		 ' O
Vl		 'D CD C0 00 O 0t
ggVC
tt		 rtt 'D CC CD
Vl		 O
'0t
D
DC
t		 Vl
Dt		 ' O
CD		 O Dt Vl O
g 0 V1
tt
™
3
3DAÃW
00
DC t
Vl
O
[		 gcDVC 00
l		 CC Vl l Ch DC
0C
O
Vl
l		 tt
Vl
t		 ' O
V1
D
g C4 l
'8 Cn 00 Cct
4 gO'0
C0		 00t c
00		 00
'D
CV		 O Ct00 00
O
01		 D"1
O
Ct
Ct
g 4
'0 o
50 3
0 D
831 I

BALANCE SHEBT
2022 2021
Notes 8
FIXBDASSETS
Tangible fixed assets 12 2,670,931 2,596,302
Investments 14 250 250
Investment
Property		 13 350,000 350,000
TOTAL FIXEDASSETS 3,021,181 2,946,552
CURRENT ASSETS
Stocks 15 500 369
Debtors 16 115,999 58,894
Cash at bank and in hand 118,728 164,801
TOTAL CURRBNT ASSETS 235,227
CREDITORS: amounts
fidling due
within one year 17 (189,205) (132,121)
NET CURRENT ASSETS 46,022 91,943
CREDITORS: amounts
fitlling due
afier more than one year 17 (135,420) (41,667)
TOTAL NET ASSETS 2,931,783 2,996,828
THE FUNDS OF THEC~
-U~ income fimds		 (227,049) (119,658)
Restricted mcome fimds 137,651 169,934
Restricted Fixed Asset Fund 3,021,181 3,158,832 2,946,552 3,116,486
TOTAL CHARITY FUNDS 18 2,931,783 2,996,828

2022 2021
Notes
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash f'rom/(used in) operating
activities		 20 (39,898) 120,754
CASH FLOWS FROM INVESTING ACTIVITIES
Investment
income		 17,520 17,520
Purchase oftangible fixed assets (23,695) (29,048)
NET CASH PROVIDED BY INVESTING ACTIVITIES (6,175) (11,528)
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR (46,073) 109,226
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 164,801 55,575
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 118,728 164,801

INCOME FROM DONATIONS INCOME FROM DONATIONS INCOME FROM DONATIONS AND LEGACIES Unrestricted Restricted Total
-CURRENT YEAR Funds Funds Funds
2022 2022 2022
Donations 4,497 750 5,247
Government grants 73,619 73,619
78,116 750 78,866
-PRIOR YEAR Unrestricted Restricted Total
Funds Funds Funds
2021 2021 2021
8
Donations 550 550
Government grants 163,893 163,893
164,443 164,443
INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Total
- CURRENT YEAR Funds Funds Funds
2022 2022 2022
Grants 71,452 71,452
Rental income and service charge 235,357 235,357
Room hire 22,825 22,825
Green bikes/Thetford shed 4,297 4,297
Recharges 27,510 27,510
Miscellaneous 1,390 1,390
Facilities management (Brandon) 134 134
291,513 71,452 362,965
-PRIOR YEAR Unrestricted Restricted Total
Funds Funds Funds
2021 2021 2021
Grants 267,579 267,579
Rental income and service charge 262,669 262,669
Room hire 2,977 3,610 6,587
Green bikes/Thetford shed 2,114 2,114
Recharges 23,416 23,416
Miscellaneous 7,681 7,681
Facilities management (Brandon) 492 492
299,349 271,189 570,538
INVESTMENT INCOME Unrestricted Restricted Total
—CURRENT YEAR Funds Funds Funds
2022 2022 2022
Rental income - St Johns 17,520 17,520
-PRIOR YEAR Unrestricted Restricted Total
Funds Funds Funds
2021 2021 2021
Rental income - St Johns 17,520 17,520

INCOME FROM OTHER TRADING ACTIVITIES INCOME FROM OTHER TRADING ACTIVITIES INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Restricted Total
- CURRENT YEAR Funds Funds Funds
2022 2022 2022
Cafd 1,198 1,198
Conferencing 12,224 12,224
13,422 13,422
-PRIOR YEAR Unrestricted Restricted Total
Funds Funds Funds
2021 2021 2021
Cafd 6,802 6,802
Conferencing 993 993
7,795 7,795
EXPENDITURE ON RAISING FUNDS Unrestricted Restricted Total
- CURRENT YEAR Funds Funds Funds
2022 2022 2022
Cafd - food 479 479
Cafd
—premises
costs		 228 228
Cafd
—other		 159 159
Conferencing —premises costs 224 224
Bikes 808 808
1,898 1,898
EXPENDITURE ON RAISING FUNDS Unrestricted Restricted Total
-PRIOR YEAR Funds Funds Funds
2021 2021 2021
Cafd - food 14,214 14,214
Cafd
—premises
costs		 559 559
Cafd - oflice costs 3,200 3,200
Cafd - bank charges 203 203
Conferencing —premises costs 346 346
Conferencing -otlice costs 1,382 1,382
Conferencing -bank charges 539 539
Wages and salaries 70,619 70,619
National
Insurance		 2,553 2,553
Pension costs 990 990
94,605 94,605

ANALYSIS OF EXPENDITURE BYACTIVITIES OF EXPENDITURE BYACTIVITIES OF EXPENDITURE BYACTIVITIES OF EXPENDITURE BYACTIVITIES OF EXPENDITURE BYACTIVITIES OF EXPENDITURE BYACTIVITIES Activities
- CURRENT YEAR undertaken Support Total
directly costs funds
2022 2022 2022
g
Charitable
activities		 317,272 242,329 559,601
-PRIOR YEAR Activities
undertaken Support Total
directly costs fNlds
2021 2021 2021
g
Charitable
activities		 392,888 231,129 624,017
ANALYSIS OF DIRECT COSTS Total Total
Funds Funds
2022 2021
Staff costs 150,682 177,018
Rent, rates and utilities 118,120 91,027
Premises costs 48,995 57,092
Insurance 17,581 19,862
Repairs and maintenance 16,262 10,844
Technology costs 11,551 12,283
Other direct costs 11,418
Travel costs 849 733
Advertising 739 506
Stafftraining 28 2,896
Vehicle costs 3,399 3,018
Profit on revaluation of&eehold property (62,738)
Depreciation 11,804 6,191
317,272 392,888
ANALYSIS OF SUPPORT COSTS Total Total
Funds Funds
2022 2021
Staff costs 130,000 133,540
Finance and professional fees 44,718 37,389
Geneml office 45,792 35/93
Communications and IT 15,694 16,598
Governance costs 2,243 3,475
Postage and stationery 3,882 4,834
242,329 231,129
INDEPENDENT E~RAND AUDITORS RElvHBKRATION 2022 2021
Fees payable to the charity's independent examiner 2,000 1,475

10. STAFF COSTS STAFF COSTS 2022 2021
Wages and salaries 265,286 361,241
Social security costs 9,922 16,709
Contribution to defined contribution pension schemes 5,474 6,770
280,682 384,720
2022 2021
No. No.
The average number ofpersons employed by the charity during the year 18 46

Dt
00		 tD Cr 00O O
tD		 O D
CV		 O
Dt
00
Dl
CV		 Dt m
CV CV ot CV
tct
00
m		 cr
00		 CV
D		 O
O 00
CD
Dt		 Dt
trt
r-00		 O
C
c		 Irl
04
O
00		 mO OOO 00 tD o r
OV Crl lD 'D O
r
CV CV
O lD
rt +r O
00		 lD ICl
Dl
CD
'D		 O
'D
tCt		 00 O r
O
or" CV cr Ct
g 00 m
Dl
+
g

INVESTMENT PROPERTY Freehold Freehold
Investment Investment
Property Property
2022 2021
VALUATION
At 1stApril 2021 350,000 350,000
At 31stMarch 2022 350,000 350,000
FIXEDASSETINVESTMENTS Unlisted
Investments
COST ORVALUATION
At 1stApril 2021 250
At 31stMarch 2022 250
NET BOOKVALUE
At 31stMarch 2022 250
At 31stMarch 2021 250

The investment represents 250 ordinary gI shares in Foundation gI shares in Foundation East, a not for profit organisation
operating
across		 Sufi'olk, Norfolk, Essex and Cambridgeshire, providing support to businesses,
social
enterprises
and		 individuals that cannot get a bank loan.
STOCKS 2022 2021
Raw materials and consumables 500 369
DEBTORS 2022 2021
Due within one year
Trade debtors 90,494 26,395
Other debtors 21,388
Prepayments
and accrued income		 25,505 11,111
115,999 58,894
CREDITORS 2022 2021
Amounts
falling		 due within one year:
Trade creditors 94,032 61,317
Other taxation and social security 1,888 12,118
Other creditors 603 5,610
Bank loan due in one year 10,644 8,333
Accruals 39,487 31,204
Deferred income 42,551 13,539
189,205 132,121

CREDITORS 2022 2021
Amounts
falling due after I year:
Bank loan
Due I - 2 years 10,644 16,666
Due 2 - 4 years 21,288 16,666
Due 4 years + 103,488 8,335
135,420 41,667
The bank loan is secured by afixed charge on &eehold land and negative pledge.
2022 2021
Deferred income at 1stApril 2021 13,539 26,764
Resources deferred
during the year		 42,551 13,539
Amounts
released &om previous		 periods (13,539) (26,764)
Deferred income at 31March 2022 42,551 13,539
Deferred income comprises
rents		 for periods in advance and rental deposits held.
18. STATEMENT OF FUNDS Balance Balance
- CURRENT YEAR at 1st Transfers at 31st
April 2021 Income Expenditure in/out March 2022
UNRESTRICTED FUNDS 8
Unrestricted
funds		 (119,658) 406,732 (522,711) 8,588 (227,049)
RESTRICTED FUNDS
Keystone Communities 128,001 72,202 (72,202) (42,084) 85,917
Keystone Property 41,933 17,520 (17,520) 9,801 51,734
169,934 89,722 (89,722) (32,283) 137,651
RESTRICTED FIXEDASSETS FUNDS
Children
and Youth		 5,613 (160) 5,453
Keystone Property 2,940,939 51,094 23,695 3,015,728
2,946,552 50,934 23,695 3,021,181
TOTAL RESTRICTED FUNDS 3,116,486 89,722 (38,788) (8,588) 3,158,832
TOTAL OF FUNDS 2,996,828 496,454 (561,499) 2,931,783
STATEMENT OF FUNDS Balance Balance
-PRIOR YEAR at 1st Transfers at 31st
April 2020 Income Expenditure in/out March 2021
UNRESTRICTED FUNDS f
Unrestricted
funds		 (25,301) 491,587 (556,896) (29,048) (119,658)
RESTRICTED FUNDS
Keystone Communities 9,255 267,579 (148,833) 128,001
Keystone Property 21,103 21,130 (300) 41,933
Keystone Resources 6,402 (6,402)
36,760 288,709 (155,535) 169,934
RESTRICTED FIXEDASSETFUNDS
Children
and Youth		 5,774 (161) 5,613
Keystone Property 2,917,921 (6,030) 29,048 2,940,939
2,923,695 (6,191) 29,048 2,946,552
TOTAL RESTRICTED FUNDS 2,960,455 288,709 (161,726) 29,048 3,116,486
TOTAL OF FUNDS 2,935,154 780,296 (718,622) 2,996,828

ANALYSIS OFNET ANALYSIS OFNET ASSETS ASSETS Restricted
- CURRENT YEAR Restricted Fixed Asset Unrestricted Total
Funds Funds Funds Funds
2022 2022 2022 2022
8
Tangible fixed assets 2,670,931 2,670,931
Fixed asset investments 250 250
Invesbnent
properly		 350,000 350,000
Current assets 137,651 97,576 235327
Creditors (324,625) (324,625)
137,651 3,021,181 (227,049) 2,931,783
—PRIOR YEAR Restricted
Restricted Fixed Asset Unrestricted Total
Funds Funds Funds Funds
2021 2021 2021 2021
f,
Tangible fixed assets 2,596,302 2,596,302
Fixed asset investments 250 250
Investment
properly		 350,000 350,000
Current assets 179,251 44,813 224,064
Creditors (9,317) (164,471) (173,788)
169,934 2,946,552 (119,658) 2,996,828
RECONCILIATION OF NET MOVEMENTS IN FUNDS TONET CASH FLOW FROM
OPERATING ACTIVITIES 2022 2021
Net expenditure/income for the period (as per Statement ofFinancial Activities) (65,045) 61,674
Adjustments
for:
Depreciation
charges		 11,804 6,191
Inveslment
income		 (17,520) (17,520)
Revaluation
offixed assets		 (62,738)
increase)/decrease in stocks (131) 5,907
increase)/decrease in debtors (57,105) 56,877
Increase in creditors 150,837 7,625
Net cash used in operating activities (39,898) 120,754

21. ANALYSIS OF CASH AND CASH EQUIVALENTS 2022 2021
8
Cash in hand 118,728 164,801
Total cash and cash equivalents 118,728 164,801
22. PENSION COMMITMENTS