2021-03-31-accounts

Reference and administrative details ofthe charity, its directors	Reference and administrative details ofthe charity, its directors	Reference and administrative details ofthe charity, its directors	Reference and administrative details ofthe charity, its directors	Reference and administrative details ofthe charity, its directors	Reference and administrative details ofthe charity, its directors	and advisers	and advisers	and advisers
Charity Number		1093569
Company	Number	03339120
Registered	Office	32 Kingsway House
		Kingsway
		Team Valley
		Gatesh cad
		NE11 OHW
Directors		Andrew Silver		(Chair)
		Lieutenant General	Robin Brims	(Vice Chair)
		Julian Thomas
		Robert Morton	(Retired 23'		September		2020)
		Lyn Horton	(Retired 23'		September		2020)
		Leigh Thompson
		Emma Richards
		Mary Youngs
		Lisa Eaton	(Appointed		23"	September		2020)
		Elizabeth Watchorn	(Appointed		23'~	September		2020)
		Terence Burke	(Appointed		23'	September		2020)
Key management
Chief Executive Officer		Richard Haigh
Company	Secretary	Richard Haigh
Interim Chief Executive Officer Austin McNamara			(left	1"October		2020)
Auditors		Haines Watts
		17Queens Lane
		Newcastle upon Tyne
		NE1 1RN
Bankers		Co-operative Bank	Plc
		PO Box101
		1 Balloon Street
		Manchester
		M60 4EP

Current financial year
		Unrestricted	Unrestricted	Restricted	Total	Total
		funds	funds	funds
		general	designated
	Notes	2021 f	2021 f	2021f	2021 f	2020
Income from:
Donations and legacies		11,302			11,302	11,500
Charitable activities		119,500	254,800	117,735	492,035	512,098
Investments		806			806	1,220
Total income		131,608	254,800	117,735	504,143	524,818
Ex enditure on:
Charitable activities		128,095	146,322	117,528	391,945	434,640
Net income for the yearl
Net movement in funds		3,513	108,478	207	112,198	90,178
Fund balances at 1 April 2020		138,505	99,593	170,624	408,722	318,544
Fund balances at 31 March 2021		142,018	208,071	170,831	520,920	408,722

Prior financial year
			Unrestricted	Unrestricted		Restricted	Total
			funds		funds	funds
			general		designated
		Notes	2020		2020f	2020f	2020 f
Income from:
Donations and legacies			11,500				11,500
Charitable activities			270,905			241,193	512,098
Investments			1,220				1,220
Tota I income			283,625			241,193	524,818
Ex enditure on:
Charitable activities			113,342		65,107	256,191	434,640
Gross transfers between	funds		(164,700)		164,700
Net income for the yearl
Net movement in funds			5,583		99,593	(14,998)	90,178
Fund balances at 1 April 2019			132,922			185,622	318,544
Fund balances at 31 March 2020			138,505		99,593	170,624	408,722

			2021		2020
		Notes
Fixed assets
Tangible assets		10		2,511
Current assets
Debtors			4,391		67,754
Cash at bank and in	hand		535,710		401,040
			540,101		468,794
Creditors: amounts	falling due
within one vear		12	(21,692)		(60,072)
Net current assets				518,409		408,722
Total assets less current liabilities				520,920		408,722
Income funds
Restricted funds		14		170,831		170,624
Unrestricted funds
Designated funds		15	208,071		99,593
General unrestricted	funds		142,018		138,505
				350,089		238,098
				520,920		408,722

Keyfund Federation	Limited
(A company limited	by guarantee)
Statement ofCash	Flows
For the year ended	31 March 2021

					2021			2020
				Notes	f		f
Cash flows from operating		activities
Cash generated from operations						136,782			132,723
investing	activities
Purchase	oftangible fixed assets				(2,918)
Investment	income received				806		1,220
Net cash	(used in)/generated		from
investing	activities					(2,112)			1,220
Net cash	used in financing	activities
Net increase in cash and cash			equivalents			134,670			133,943
Cash and	cash equivalents at	beginning		ofyear		401,040			267,097
Cash and	cash equivalents	at	end of	year		535,710			401,040

			Total	Total
			2021f	2020 f
Membership	income		6,924	30,546
Grants			484,987	476,460
Other income			124	5,092
			492,035	512,098
Analysis by	fund
Unrestricted	funds	- general	119,500	270,905
Unrestricted	funds	-designated	254,800
Restricted funds			117,735	241,193
			492,035	512,098

Unrestricted	Unrestricted
funds	funds
general	general
2021	2020
f	E
806	1,220

					Total	Total
					2021f	2020 f
Staff costs					219,269	158,575
Depreciation and impairment					407	1,390
Direct project costs					30,387	113,573
Staff related costs					17,004	2,795
Travel expenses					521	4,255
Property costs					17,132	16,517
Office costs					2,459	2,817
ITcosts					10,165	17,501
Advertising and PR					808	3,433
Legal and professional					54,808	80,059
Bank charges					486
					353,446	400,915
Share ofsupport costs (see note 7)					33,329	27,131
Share ofgovernance	costs (see note 7)				5,170	6,594
					391,945	434,640
Analysis by fund
Unrestricted funds	-general				128,095	113,342
Unrestricted funds - designated					146,322	65,107
Restricted funds					117,528	256,191
					391,945	434,640
Support costs
	Support Governance		2021	Support	Governance	2020
	costs	costs	f	costs E	costs f
Staff costs	33,329		33,329	27,131		27,131
Audit fees		4,608	4,608		4,608	4,608
Meeting costs		562	562		1,986	1,986
	33,329	5,170	38,499	27,131	6,594	33,725
Analysed between
Charitable activities	33,329	5,170	38,499	27,131	6,594	33,725

		2021	2020
		Number	Number
Charitable	activities
Employment costs		2021	2020
		E	E
Wages and	salaries	220,770	162,579
Social security costs		16,508	11,710
Other pension costs		15,320	11,417
		252,598	185,706

Intangible fixed assets
	Operating	System
		f
Cost
At 1 April 2020 and 31 March 2021		6,120
Amortisation and impairment
At 1 April 2020 and 31 March 2021		6,120
Carrying amount
At 31 March 2021
At 31 March 2020

10	Tangible fixed asset	s
				Office	Equipment
					f
	Cost
	At 1 April 2020				19,376
	Additions				2,918
	At 31 March 2021				22,294
	Depreciation and impairment
	At 1 April 2020				19,376
	Depreciation charged	in the year			407
	At 31 March 2021				19,783
	Carrying amount
	At 31 March 2021				2,511
11	Debtors
				2021	2020
	Amounts falling due	within one year:			f
	Trade debtors			254	65,876
	Prepayments and accrued income			4,137	1,878
				4,391	67,754
12	Creditors: amounts	falling due within one year
			Notes	2021	2020f
	Other taxation and social security			6,348	4,310
	Deferred income		13		38,059
	Trade creditors			3,576	7,872
	Accruals and deferred	income		11,768	9,831
				21,692	60,072
13	Deferred income
				2021	2020
	Other deferred income				38,059

ofdonations and grants	held on trust for soecif	ic ourooses:
Current year
			Movement	in	funds
		Balance at	Incoming		Resources	Balance at
		1April 2020f	resources f		expended31	March 2021 f
Key funds		46,733	40,465		(21,382)	65,816
Project funds		89,518	77,270		(82,661)	84,127
Virgin Money Foundation	- Key funds	20,673			(6,259)	14,414
Virgin Money Foundation	- Project funds	13,700			(7,226)	6,474
		170,624	117,735		(117,528)	170,831
Prior year
			Movement	in	funds
		Balance at	Incoming		Resources	Balance at
		1April 2019f	resources		expendedf	1April 2020
Key funds		75,481	53,044		(81,792)	46,733
Project funds		80,504	122,535		(113,521)	89,518
Virgin Money Foundation	- Key funds	20,218	30,000		(29,545)	20,673
Virgin Money Foundation	- Project funds	9,419	35,614		(31,333)	13,700
		185,622	241,193		(256,191)	170,624

Current year
				Movement in funds
		Balance at		Incoming	Resources	Transfers		Balance at
		1April 2020		resources	expended		31	March 2021
	E.		E		E f.		E
Project funds		99,593		234,800	(146,072)			188,321
Key funds				20,000	(250)			19,750
		99,593		254,800	(146,322)			208,071
Prior year
				Movement in funds
		Balance at		Incoming	Resources	Transfers		Balance at
		1April 2019f		resources	expended	E	31	March 2020
Project funds					(65,107)	164,700		99,593
					(65,107)	164,700		99,593

as generae ro	opera	ions			2021	2020
					f	f
Surplus for the year					112,198	90,178
Adjustments for:
Investment income recognised Depreciation and impairment		in statement offinancial oftangible fixed assets		activities	(806) 407	(1,220) 1,390
Movements in working	capital:
Decrease in debtors					63,363	130
(Decrease)/increase in (Decrease)/increase in	creditors deferred income				(321) (38,059)	4,186 38,059
Cash generated from	operations				136,782	132,723
Analysis ofchanges	in net funds
The charity had no debt during		the year.