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2021-03-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2-5
Report ofthe Independent
Auditors		 6-8
Consolidated
Statement ofFinancial Activities
Consolidated
Balance Sheet		 10
Charity Balance Sheet
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes tothe Financial Statements 14-23

ACHIS
ENTS		 ACHIS
ENTS		 ANO RFORM RFORM RFORM RFORM ANCE
We have had to operate differently this year; however
we have
still managed
work through
considerable
disruption
to
deliver against our charitable objectives.
«O 'ective
The relief of poverty and unemployment We worked
with EMS to continue
the success ofour food project, with
ever more members
joining and further support offered by the business
community.
Working
with
our local
MP, local councillors,
the private
sector, and
EMSwe were proud to be an important
partner
in the emergency
food
response
during the covid lockdown. As well as providing
vital logistics
to the food parcel service we also had a food support service that met
specific needs
that
dell outside
of the
main
programmes.
We also
played a key part in ensuring
our beneficiaries
received non-food items
including
toilet roll and sanitary
products.
The advancement
ofeducation,		 By ensuring
that there were robust covid control measures
in place we
training,
or retraining		 had
confidence
in
the
Freedom
Centre
being
open
through
the
pandemic
to support
provision of services. We continued
to provide a
high-quality
location to the council's adult education
facility.
Our work to support
the college continues,
helping
them to operate
remotely
and then face-to-face to ensure education
could continue.
The provision offinancial assistance, Support
given to start-up
businesses
including
technical
and financial
technical assistance,
counselling
services,
or consultancy		 advisory
business		 and
advice		 support. This included
help to access covid support
grants
to ensure
they could continue to operate through
the pandemic.
Support
for youth
enterprise
continued
through
the pandemic
along
with support for care leavers to access work.
The provision offacilities for Supported
the work
of the Freedom
Centre
to deliver
recreational
recreational snd leisure time and the facilities and positive social experiences.
Covid secure procures were
organisation of leisure activities in place to help groups,
includer
those vulnerable
to isolation to re-
engage
with social activity from July 2020.
The protection or conservation ofthe LED
lighting
installed
around
the
Freedom
Centre
and
efficient
environment heating/insulation
solution
fitted to the Expressive Arts building.
The holding of exhibitions, meetings, The pandemic
curtailed
much of the activity,
however
we have been
etc. able to show case work done by the community
during
lockdown
and
beyond.
Meetings
have
begun
to start
again
and
we have
hosted
groups
including
Humberside
Police to support
their engagement
with
the
community,
The promotion of public safety and Work with
all agencies
including
police,
housing
providers
and local
prevention of crime authority
continues to address issues.
The promotion of health and healthy We provided
location
support
to a wide
range
of health
promotion
lifestyies charities and the NHS to spread positive messages
about health.
Our community
gym continued
to provide an exceptional
value service
to its members.
Our cafe
rovided low-cost hi h- ualit
food for the communit
.

:Ob ective Our
lans
'
The relief of poverty and Working
with partners to improve
opportunities
to find employment.
unemployment
Continued
partnering
with
EMS
to		 help reduce household
expenditure
on utilities and		 food, reducing poverty
Continue
to partner
with PROBE		 and others to support skills and
employability
The advancement
of		 education, Providing
accommodation		 for the Adult Education
Facility		 at the
training,
or		 retraining Freedom Centre
Supporting
Hull
Training
and
Hull		 College to increase access to
training
for local residents
The provision of financial assistance, Supporting
the co-location		 of voluntary
groups,		 start-up businesses
technical assistance, advisory and or other third sector
counselling services, business advice
or consultancy Organisations
within
the		 Village Centre
and		 providing limited
financial support
for local small community		 groups.
Support youth enterprise
The provision offacilities for Supporting
the work of the		 Freedom
Centre to		 deliver recreational
recreational and leisure time and the facilities and positive social experiences
organisation of leisure activities
Develop existing
community		 groups
Encourage
new community		 groups to form
The protection or conservation ofthe Working
with
partners
and		 others to explore ways of ensuring
the
environment development
towards
sustainability		 ofthe local environment
The holding ofexhibitions, meetings, Supporting
the
Freedom		 Centre to
provide		 exceptional quality
etc. facilities to the benefit ofthe wider community
The promotion of public safety and Encouraging
the
involvement
of		 wider representation at local
prevention of crime meetings
or other meetings		 to ensure that social and environmental
issues are dealt with promptly.
The promotion of health and healthy Supporting
or co-ordinating		 health promoting
charities,		 volunteer
lifestyles groups, statutory
bodies, and the objectives		 of national
programmes.

Consolidated
Statement of Fin
for the year ended 31st March		 ancial Activi
2021		 ties
2021 2020
Unrestricted Restricted Total Total
fund fund funds funds
Notes 8 5 6 6
INCOME AND ENDOWMENTS FROM
Charitable
activities
Grants 115,989 21,300 137,289 94,779
Investment
income		 2 491,821 491,821 488,571
Trading activities
Other income		 73,658
300		 ~ 73,658
300		 243,263
600
Total 681,768 21,300 703,068 827,213
EXPENDITURE ON
Raising funds 4 63,728 63,728 157,256
Charitable
activities		 5
Community
services &facilities		 1,055,465 35,536 1,091,001 1,188,142
Total 1,119,193 35,536 1,154,729 1,345,398
NET INCOME/(EXPENDITURE) (437,425) (14,236) (451,661) (518,185)
Transfer between
funds		 10 .050 ~2850
NET MOVEMENT
IN FUNDS		 (434,575) (17,086) (451,661) (518,185)
RECONCILIATION
OF FUNDS
Total funds brought forward 9,306,674 33,418 9,340,092 9,858,277
TOTAL FUNDS CARRIED FORWARD 0012.099 332 0,000431 9,340,09
The Freedom Community
Trust Limited
Consolidated
Balance Sheet
31stMarch 2021
2021 2020
Notes 6
FIXEDASSETS
Tangible assets 14 8471575 8951 370.
8,471,575 6,951,370
CURRENT ASSETS
Stock 16 1.aao 2,930
Debtors 17 78,055 93,131
Cash at bank 81155 399,791
591,712 495,852
CREDITORS
Amounts
falling due within one year		 16 (174,858) (107,130)
NET CURRENT ASSETS 6 856 388,722
TOTAL ASSETS LESSCURRENT ljABILITIES 8,888,431 9,340,092
NET ASSETS 8888461 9340092
FUNDS 20
Unrestricted
funds		 8,872,oaa 9,306,674
Restricted
funds		 18.332 33,418
TOTAL FUNDS 8.888431 9,340,092
The Freedom Community
Trust Limited
Charity Balance Sheet
31stMarch 2021
2021 2020
Notes 8 E
FIXEDASSETS
Tangible assets
Investments		 14
15		 8,457,175
10		 6,929,959
10
8,457,185 9,929,969
CURRENT ASSETS
Debtors 17 39,323 78,392
Cash at bank 342,420 320,742
381,743 399,134
CREDITORS
Amounts
falling due within one year		 18 (44,784) (13,712)
NET CURRENT ASSETS 336,959 385,422
TOTAL ASSETS LESSCURRENT LIABILITIES 8,794,144 9,315,391
NET ASSETS ~8794,144 9,315,391
FUNDS 20
Unrestricted
funds		 8,777,812 9,281,973
Restricted funds 16333 33,418
TOTAL FUNDS 9 9
44		 9,315,391
Cash Flow Statement
for the year ended 31stMarch 2021
2021 2020
Notes 2
Cash flows from operating activities
Cash generated
from operations		 1 ~112564 ~35,810)
Net cash (used in)/piovided by operating activities ~112564 ~35,810)
Cash flows from investing
activities
Purchase oftangible
fixed assets		 ~688 39746
Net cash used
in investing
activities		 ~688) ~39,746)
Change
in cash and cash		 equivalents in
the reporting
period
Cash and cash equivalents		 at the 111,876 (3,936)
beginning
ofthe reporting		 period 399,791 403,727
Cash and cash equivalents at the end of
the reporting
period		 511,667 399,791

or th e year ended 31stM arch 202 arch 202 1 1 1 1 1 1
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
6 6
Net expenditure
for
Financial Activities)		 the reporting period (as per the Statement of (451,661) (518,185)
Adjustments
for:
Depreciation
charges		 480,483 498,928
Loss on disposal of fixed assets
(Increase)/decrease in debtors 15,076 79,393
(Increase)/decrease in stocks 940 1,782
(Decrease)/increass in creditors 67,726 ~26,108
Net cash (used inj/provided by operations 112,564 ~35 810)
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.20
f		 Cash flow
2		 At 31.3.21
6
Net cash
Cash at bank 399,791 111,876 ~511667
Total 399,791 111,876 511,667

Direct Grant Support
charitable funding
of		 costs (see Totals Totals
activities activities note 6) 2021 2020
E E E E
Community services &facilities 449,299 10,000 631,702 1,091,001 1,188,142

SUPPORT COSTS
2021
E		 2020f
Management 39,047 38,373
Finance 28,057 29,552
Information technology 302 895
Human
resources		 73,013 76,691
Premises costs
Governance costs 10,800 11,000
Depreciation 480,483 498,928
Loss on disposal offixed assets
51~,665 655,439
NET INCOMEI(EXPENDITURE)
Net income/(expenditure) is stated after chargingl(crediting):
2021
E		 2020f
Depreciation - owned assets ~480 483 ~498 298
AUDITORS' REMUNERATION
2021f 2020
E
Fees payable to the charity's auditors for the audit ofthe charity's financial
statements 10,800 11,000

INCOME/(EXPENDITURE)
FRO		 M COMMERCIAL TRADE OPERATIONS
2021f 2020f
Turnover 647,175 814,466
Cost ofsales 227,547 331,577
GROSS PROFIT 419,628 482,889
Administrative
expenses		 461 992 479,754
(42,364) 3,135
Other operating
income		 115,989 4,231
OPERATING PROFIT and PROFIT BEFORETAXATION 73,625 7,366
Tax on profit
PROFIT FORTHE FINANCIAL YEAR 73,625 7,366
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restrided Total
fundf fund
F		 funds
f.
INCOME AND ENDOWMENTS FROM
Charitable
activities
Grants 4,231 90,548 94,779
Investment
income		 488,571 488,571
Trading activities
Other income		 243,263
600		 243,263
600
Total 736,665 90,548 827,213
EXPENDITURE ON
Raising funds 157,256 157,256
Charitable
activities
Community
services &facilities		 1,123,794 64,348 1,188,142
Total 1,281,050 64,348 1,345,398
NET INCOME/(EXPENDITURE) (544,385) 26,200 (518,185)
TRANSFER BETWEEN FUNDS 11,000 (11,000)
NET MOVEMENT
IN FUNDS		 (533,385) 15,200 (518,185)
Total funds brought forward 9,840,059 18,218 9,858,277
TOTAL FUNDS CARRIED FORWARD 9646694 33,418 9,340,092

TANGIBLE FIXEDASSE TS
GROUP Fixtures
Freehold Long and Plant and
property
f		 leasehold
f		 fittings
f		 machinery
f		 Totals
f
COST
At 1stApril 2020 12,975,971 3,843,682 71,083 257,372 17,148,108
Additions 688 688
At 31st March 2021 12075071 3643682 71083 250059 17148 96
DEPRECIATION
At 1stApril 2020 5,811,316 2,113,780 35,680 235,962 8,196,738
Charge for year 317,848 146,125 8,815 7,695 480,483
At 31stMarch 2021 6,129,164 2259905 44,495 243,657 8 677221
NET BOOK VALUE
4 31
1
02021		 6.240,807 1.503,7 6.590 1~.493 2471,575
At 31stMarch 2020 7164,6 , 9,902 30,403 21.410 0,951,3 0
CHARITY Fixtures
Freehold Long and
property
f		 leasehold
f		 fittings
f		 Totals
f
COST
At 1stApril 2020 12,975,971 3,843,682 71,083 16,890,736
Additions
At 31stMarch 2021 12.9,9 1 3043602 71 923 10,990.736
DEPRECIATION
At 1st April 2020 5,811,317 2,113,780 35,680 7,960,777
Charge for year 317,844 146125 8815 472 784
At 31stMarch 2021 6129161 22 0025 44495 8433581
NET BOOK VALUE
At 31stMarch 2021
At 31stMarch 2020		 6846810
7164.654		 1583777
26588
.1 729202.35,403		 8457 175
8,929,959

Details of investments
are		 a s fo llows:
Name ofcompany Holdings Proportion
ofshares held
Nature		 ofbusiness
Preston Road Enterprises Limited Ordinary 100% Function/meeting
facilities
The subsidiary
undertaking		 is registered in England
and		 Wales.
In the opinion ofthe directom, the value ofthe company's investment
in its subsidiary		 undertaking is not less than
the amount
at which
it is stated		 in the balance sheet.
16. STOCKS 2021 2021 2020 2020
Groupf Charity
2		 Group
6		 Charity
6
Finished goods and goods for resale 1,990 2,930
17. DEBTORS 2021 2021 2020 2020
Group
6		 Charity
6		 Groupf Charity
6
Trade debtors 496 19,955 17,958 35,525
Other debtors 58,191 74,161
Amounts
due from subsidiary		 undertaking 41,865
Pmpayments
and accrued		 income 19,368 19,368 1,002 1,002
78,055 39,323 93,131 78,392
18. CREDITORS: AMOUNTS FALLING 2021 2021 2020 2020
DUE WITHIN ONE YEAR Group Charity Group Charity
6 6 6 6
Trade creditors 59,188 33,155 35,269 1,065
Social security and other taxes 23,167 3,054 19,359 831
Other creditors 83,928 41,180 494
Accruals and deferred
income		 8,573 8,573 11,322 11,322
174,856 44,784 107,130 13,712
19. LEASING AGREEMENTS 2021 2021 2020 2020
Group
6		 Charity
f		 Group
6		 Charity
6
Minimum
lease payments
under		 non-cancellable operating leases fall due as follows:
Within one year
Between one and five years
In more than five years		 5,325
15,275
217,591		 2,350
6,943
217,591		 6,696
18,517
219,674		 3,151
8,599
219,674
239,182 228,273 244,887 231,424

2021 2020
GROUP Unrestricted Restricted Total Total
fundf fundf funds
f		 funds
f
Fixed assets 8,471,575 8,471,575 8,951,370
Current assets
Current
liabilities		 575,380
~17 858)		 16,332 591,712
~17 S56)		 495,852
~107130)
~8872,099 ~16332 8,888,431 9,340,092
2021 2020
CHARITY Unreslncled Restricted Total Total
fundf fundf funds
f		 funds
f
Fixed assets 8,457,175 8,457,175 8,929,959
Investments 10 10 10
Current assets
Current
liabilities		 365,411
~44 784)		 16,332 381,743
~44 784)		 399,134
~13,712)
~8777812 ~16332 ~87
144		 9,315,391
MOVEMENT IN FUNDS
GROUP Net
movement At
At 1.4.20 in funds
f		 31.3.21
f
Unrestricted funds
General fund 9,306,674 (434,575) 8,872,099
Restricted funds
Restricted
fund		 33,418 (17,086) 16,332
TOTALFUNDS ~9340092 ~451561) ~8888431
Net movement in funds, included in the above are as follows:
Transfer
Incoming Resources between Movement
resources
f		 expended
f		 funds
f		 in funds
f
Unrestricted funds
General fund 681,768 (1,119,193) 2,850 (434,575)
Restricted funds
Restricted fund		 21,300 ~35536) ~2,850) ~17086)
TOTAL FUNDS 763666 ~I, 154721 ~45'I,661)

Comparatives
for move		 me nt
in		 fun ds
Net
movement At
At 1.4.19
f		 in funds
E		 31.3.20
f
Unrestricted
funds
General fund 9,840,059 (533,385) 9,306,674
Restricted funds
Restricted fund 18,218 15,200 33,418
TOTAL FUNDS ~9858277 ~518185) ~9340 092
Comparative
net movement		 in funds, included in the above are as follows:
Transfer
Incoming Resources between Movement
resources expended funds in funds
E E E E
Unrestricted
funds
General fund 736,665 (1,281,050) 11,000 (533,385)
Restricted funds
Restricted fund		 9D,548 ~6434S) ~11,000) ~152DD
TOTALFUNDS 827.213 ~1.345,398 518,185
CHARITY Net
movement At
At 1.4.20 in funds
E		 31.3.21
f
Unrestricted
funds
General fund 9,281,973 (504,161) 8,777,812
Restricted funds
Restricted fund 33,418 (17,086) 16,332
TOTALFUNDS ~9315391 ~521,247) 8,794,144
Net movement
in funds,		 included in the above are as follows:
Transfer
Incoming Resources between Movement
resources
E		 expended funds
E		 in funds
f
Unrestricted
funds
General fund 398,733 (905,744) 2,850 (504,161)
Restricted funds
Restricted fund		 21,300 ~35,536) ~2,850) ~17D86)
TOTAL FUNDS 420033 941 280 ~521,247)