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|CONTENTS||PAGE|
|---|---|---|
|Trustees Report||1-4|
|Independent
Examiners|Report||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Statement ofCash Flow|||
|Notes to the Financial|Statements|9-20|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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||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|
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|ANALYSIS OFNET|ANALYSIS OFNET|ASSETS|ASSETS||Restricted|||
|---|---|---|---|---|---|---|---|
|- CURRENT YEAR||||Restricted|Fixed Asset|Unrestricted|Total|
|||||Funds|Funds|Funds|Funds|
|||||2022|2022|2022|2022|
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|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|
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|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|||