#
||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|
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##
##
|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
.|
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|: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.|||||
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|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|
##
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##
||||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|
##
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|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|
##
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##
|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|
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||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|
##
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||||||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)|
##
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|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)|
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