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2021-03-31-accounts

St Luke's Community and Regeneration Enterprises

Charity number 1097720

A company limited by guarantee number 04667244

Annual Report and Financial Statements

for the year ended 31 March 2021

St Luke's Community and Regeneration Enterprises

Annual Report and Financial Statements for the year ended 31 March 2021

Contents Page
Trustees' report 2 to 8
Examiner's report 9
Statement of financial activities 10
Balance sheet 11
Statement of cashflows 12
Notes to the accounts 13 to 21

Prepared by West Yorkshire Community Accounting Service

1

St Luke's Community and Regeneration Enterprises

Trustees' report for the year ended 31 March 2021

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Alistair Kaye Chair Susan Richardson Roger Barrett Resigned July 2021 Matthew Pearson Phillip Smith Charity number 1097720 Registered in England and Wales Company number 04667244 Registered in England and Wales

Registered in England and Wales Registered in England and Wales

Registered and principal address

Bankers

Beeston Hill United Free Church HSBC Bank Plc Malvern Road City Branch Leeds 33 Park Row LS11 8PD Leeds LS1 1LD

Independent examiner

Simon Bostrom FCIE

West Yorkshire Community Accounting Service

Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a company limited by guarantee and was formed on 17 February 2003. It is governed by a memorandum and articles of association as amended on 20 May 2003 and 24 May 2017. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.

The charity has a board of trustees who meet every 2 months and are responsible for the strategic direction and policy of the charity. The day to day work of the charity is organised by paid employees who manage the projects and co-ordinate the activities of the staff.

Method of recruitment and appointment of trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.

2

St Luke's Community and Regeneration Enterprises

Trustees' report (continued) for the year ended 31 March 2021

Trustee Recruitment, Induction and Training

The charity ensures that it engages effectively with the community it serves, responds equitably to the needs of its users, and increases its own accountability and wider public confidence in its work by ensuring that the mix of trustees reflects the local area and includes people from varied minority groups. If representation on the board does not reflect the areas of need, active recruitment to redress this balance will be carried out. Whenever a trustee departs a skills audit of the board will is done. Efforts at recruiting a replacement will take account of the skills audit and of the skills being lost by the departure. Consideration will also be given to any specific roles or duties that the individual leaving the board was undertaking. Trustees are voted in at the AGM.

Prospective trustees are given information to read about the activities of the charity and encouraged to meet with the Chief Executive Officer to gain insight into the responsibilities of being a trustee. New trustees are offered training in line with the charities aims and objectives as well as training in trustee responsibilities and roles. New trustees will also be encouraged to spend time in projects and with staff to gain greater insight into the organisation.

Pay Policy for Senior Staff

Remuneration of senior staff is reviewed annually by the board of trustees and paid in accordance with average earnings of other organisations delivering similar activities of a similar size in the voluntary sector.

Objectives and activities

The charity's objects

To develop the capacity and skills of the members of the socially and economically disadvantaged community of Leeds 11 in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.

The charity's main activities

Providing a varied youth programme to support vulnerable girls (The Shine Project) and vulnerable boys (The Rise Project) living in inner South Leeds.

Operating a series of social enterprises (charity retail and a nail bar) to provide local employment, and training. As well as the additional benefits of diverting goods from landfill.

Additional projects designed to meet emerging community needs including supporting over 50s, supporting NHS campaigns and support for local community events.

Public benefit statement

The trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities, in particular, consider how planned activities will contribute to the objectives they have set.

3

St Luke's Community and Regeneration Enterprises

Trustees' report (continued) for the year ended 31 March 2021

Achievements and performance

The trustees have been delighted with how the charity has navigated and responded to the COVID pandemic over the past year. In a year which has brought a lot of uncertainties it has been heartening to see how the different projects in the charity have given stability, connectedness and support to young people and communities in south Leeds. We continue to be impressed with the broad range of community engagement and the important role the charity plays in the local area. The year has looked very different to any other but each of the projects have responded and worked hard to continue to provide engagement and support.

The Shine Project and RISE have engaged with young people as restrictions have allowed so throughout the year it has been a combination of zoom calls, phone calls, one to one sessions, small group work, door step visits, outreach, activity packs and schools work. We are encouraged that we have maintained contact with all the young people we were working with pre-pandemic and have also been able to respond to the growth in referrals as the difficulties of the last year continue to unfold.

As planned we closed our Middleton Charity Shop and Community Hub in June and November. Our Dewsbury Road Charity Shop has been closed for 8 months in the last year due to government restrictions in lockdown, the staff at the shop have worked hard to enable us to reopen in a safe way adhering to new restrictions and we have had successful months when the shop has been allowed to be open during the year. During the year we were able to repurpose our deliveries and collections van to help with a local foodbank making deliveries throughout the pandemic.

We have maintained regular contact with volunteers and more vulnerable shop customers through phone calls, door step visits and email. As restrictions lifted we were able to bring volunteers back into the shop and ran 2 online retail courses with work experience days in the shop. We have secured a Reaching Communities Lottery Grant to run our First Steps programme from the charity shop over the next three years, including retail, warehouse and esol courses due to begin in July 2021.

The ABCD project has continued to be a lifeline for members of the community during lockdown as our workers have been out in the community engaging with people, making connections and enabling ideas and projects to come to life.

Plans for future periods

The charity plans to continue all the programmes and projects outlined above in the forthcoming year subject to satisfactory funding arrangements. In the year ending March 2022 the charity plans to;

4

St Luke's Community and Regeneration Enterprises Trustees' report (continued) for the year ended 31 March 2021

5

St Luke's Community and Regeneration Enterprises

Trustees' report (continued) for the year ended 31 March 2021

6

St Luke's Community and Regeneration Enterprises

Trustees' report (continued) for the year ended 31 March 2021

Financial review

The net income for the year was £58,226, including net expenditure of £19,180 on unrestricted funds and net income of £77,406 on restricted funds, after transfers.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £140,716.

The charity’s policy is to hold unrestricted reserves of between 3 to 6 months future budgeted expenditure. On the basis of planned expenditure of approximately £520,000 that would equate to between £130,000 and £260,000.

The purpose of holding reserves is to enable the smooth running of the charity and to enable an orderly winding up should the charity need to close.

Covid 19 and going concern

We have produced a cashflow forecast for the current year and 2 following years. Each month we have reviewed this forecast and adjusted assumptions accordingly. The cashflow forecast provides a good indication of the ongoing financial position of the organisation, factoring in the continuing uncertain times we are in. The charity has remained in a healthy financial position due to the support of government grants and the furlough scheme.

7

St Luke's Community and Regeneration Enterprises Trustees' report (continued) for the year ended 31 March 2021

Statement of trustees' responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Signed on behalf of the board of trustees:

Signed……………Alistair Kaye…………. (Trustee)

Date……………24/01/2022………………….

8

St Luke's Community and Regeneration Enterprises

Independent examiner's report to the trustees of St Luke's Community and Regeneration Enterprises

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021, which are set out on pages 10 to 21.

Responsibilities and basis of report

As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act.

I confirm that I am qualified to undertake the examination because I am a fellow of ACIE which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Simon Bostrom

Relevant professional qualification or body: FCIE

Date: ……24/01/2022………..

West Yorkshire Community Accounting Service

Stringer House 34 Lupton Street Leeds LS10 2QW

9

St Luke's Community and Regeneration Enterprises

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2021

Notes
2021
Unrestricted
funds
£
Income from:
Donations and legacies
2,181
Charitable activities
(2)
5,602
Other trading activities
(3)
105,350
Other income
122
Bank interest
5
Total income
113,260
Expenditure on:
Fundraising costs
(4)
105,228
Charitable activities
(5)
47,710
Total expenditure
152,938
Net gains/(losses) on investments
15,906
Net income / (expenditure)
(23,772)
Transfers between funds
4,592
Net movement in funds
(19,180)
Fund balances brought forward
165,876
Fund balances carried forward
(6)
146,696		 2021
Restricted
funds
£
-
362,440
8,467
-
-
370,907
-
288,909
288,909
-
81,998
(4,592)
77,406
66,682
144,088		 2021
Total
funds
£
2,181
368,042
113,817
122
5
484,167
105,228
336,619
441,847
15,906
58,226
-
58,226
232,558
290,784		 2020
Total
funds
£
10,140
258,770
267,526
1,676
5
538,117
227,102
325,652
552,754
2,997
(11,640)
-
(11,640)
244,198
232,558

All incoming resources and resources expended derive from continuing activities.

10

St Luke's Community and Regeneration Enterprises

Balance sheet

as at 31 March 2021
2021
Unrestricted
£
Fixed assets
Tangible assets
(7)
5,980
Investments
(8)
94,353
Total fixed assets
100,333
Current assets
Debtors and prepayments
(9)
2,883
Cash at bank and in hand
(10)
96,562
Total current assets
99,445
Current liabilities:
amounts falling due within one year
Creditors and accruals
(11)
11,415
Total current liabilities
11,415
Net current assets / (liabilities)
88,030
Total assets less current liabilities
188,363
Creditors: amounts falling due after one year
(12)
41,667
Net assets
146,696
Funds
Unrestricted funds
146,696
Restricted funds
-
Total funds
146,696		 2021
Restricted
£
-
-
-
23,313
120,775
144,088
-
-
144,088
144,088
-
144,088
-
144,088
144,088		 2021
Total
£
5,980
94,353
100,333
26,196
217,337
243,533
11,415
11,415
232,118
332,451
41,667
290,784
146,696
144,088
290,784		 2020
Total
£
1,175
78,447
79,622
34,776
121,283
156,059
3,123
3,123
152,936
232,558
-
232,558
165,876
66,682
232,558

For the year ending 31 March 2021 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on

Date: ………24/01/2022……………

Signed: ………Alistair Kaye………… (Trustee)

11

St Luke's Community and Regeneration Enterprises

Statement of cash flows

for the year ended 31 March 2021

Cash flows from operating activities:
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Dividends and interest
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Repayments on borrowing
Cash inflows from new borrowing
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Adjustments for:
Depreciation charges
Dividends and interest from investments
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash provided by (used in) operating activities
Analysis of cash and cash equivalents
Notice deposits (less than 30 days)
Total cash and cash equivalents
Reconciliation of net movement in funds to net cash flow
from operating activities
Cash in hand
Net movement in funds for the reporting period (as per the SOFA)		 2021
£
54,290
5
(8,241)
-
-
(8,236)
-
50,000
50,000
96,054
121,283
217,337
2021
£
58,226
3,436
(15,911)
8,580
(41)
54,290
2021
£
576
216,761
217,337		 2020
£
(24,502)
5
-
-
-
5
-
-
-
(24,497)
145,780
121,283
2020
£
(11,640)
1,198
(3,002)
7,360
(18,418)
(24,502)
2020
£
15,084
106,199
121,283

12

St Luke's Community and Regeneration Enterprises

Notes to the accounts

for the year ended 31 March 2021

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.

No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Donated goods for resale are valued at the amount actually realised upon their sale.

Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.

Investments

Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

13

St Luke's Community and Regeneration Enterprises

Notes to the accounts

for the year ended 31 March 2021

1 Accounting policies continued

Tangible fixed assets

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Computer equipment: over 3 years Motor vehicles: over 4 years Other equipment: over 5 years

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Leases

Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.

14

St Luke's Community and Regeneration Enterprises

Notes to the accounts continued

for the year ended 31 March 2021

2 Charitable activities
2021
Unrestricted
funds
Grants:
£
BBC Children In Need Fund (CIN)
-
City Connect
-
Co-op foundation
-
Cyclists Club UK
-
HMRC Job Retention Scheme
-
Joanna Project
5,602
Leeds City Council (LCC)
-
Leeds Community Foundation (LCF)
-
National Lottery Community Fund (Takeover days)
-
National Lottery Community Fund (Together fund)
-
Neighbourly Community Fund
-
Sport England
-
Warburtons
-
W. Yorks Police & Crime Commissioner (WYPCC)
-
Garfield Weston Foundation
-
Henry Smith
-
National Lottery Community Fund (EWE)
-
National Lottery Community Fund (Try project)
-
Northern Monk Brewery
-
Social Investment Business (SIB)
-
South Yorkshire Community Fund (SYCF)
-
The Pilgrim Trust
-
Youth Activities Fund
-
Fees:
Community work fee income
-
Youth work fee income
-
5,602
3 Other trading activities
2021
Unrestricted
funds
£
Charity shop sales
45,984
LCC Covid grants
59,143
Nail bar trading income
-
Nail bar grants
-
Minibus hire
223
Room and equipment hire
-
105,350		 2021
Restricted
funds
£
41,021
4,960
42,110
2,960
126,592
-
34,500
19,960
28,910
40,602
400
9,425
5,000
6,000
-
-
-
-
-
-
-
-
-
-
-
362,440
2021
Restricted
funds
£
-
-
-
8,467
-
-
8,467		 2021
Total
funds
£
41,021
4,960
42,110
2,960
126,592
5,602
34,500
19,960
28,910
40,602
400
9,425
5,000
6,000
-
-
-
-
-
-
-
-
-
-
-
368,042
2021
Total
funds
£
45,984
59,143
-
8,467
223
-
113,817		 2020
Total
funds
£
39,266
-
28,860
-
6,027
5,318
-
7,500
27,911
-
-
-
-
5,984
25,000
13,600
9,967
48,647
5,000
1,500
10,000
5,000
8,000
6,741
4,449
258,770
2020
Total
funds
£
259,621
-
4,302
-
3,069
534
267,526

15

St Luke's Community and Regeneration Enterprises

Notes to the accounts continued

for the year ended 31 March 2021

4 Fundraising costs
Staffing
Office and administration
Equipment hire
Premises costs
PAT testing and DBS checks
Project activities
Phone and internet
Training
Travel and transport
Insurance
Utilities
Selling fees
Bank charges and card machine fees
Purchases
Delivery costs
Depreciation
Other shop expenses
5 Charitable activities
Staffing
Payroll charges
Office and administration
Equipment hire
IT expenditure
Marketing and publicity
Premises costs
Subscription fees and DBS checks
Project activities
Phone and internet
Training
Travel and transport
Insurance
Utilities
Independent examination
Bank charges
Grants and donations
Depreciation
Funding returned		 2021
Unrestricted
funds
£
42,415
2,639
-
28,421
685
1,015
1,929
-
505
3,508
3,154
1,069
627
7,405
9,701
1,341
814
105,228
2021
Unrestricted
funds
£
12,191
2,628
224
99
326
1,158
15,664
2,412
1,072
1,631
288
801
2,373
632
2,000
396
1,720
2,095
-
47,710		 2021
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2021
Restricted
funds
£
270,159
-
927
-
134
1,076
-
206
13,216
575
876
1,432
308
-
-
-
-
-
-
288,909		 2021
Total
funds
£
42,415
2,639
-
28,421
685
1,015
1,929
-
505
3,508
3,154
1,069
627
7,405
9,701
1,341
814
105,228
2021
Total
funds
£
282,350
2,628
1,151
99
460
2,234
15,664
2,618
14,288
2,206
1,164
2,233
2,681
632
2,000
396
1,720
2,095
-
336,619		 2020
Total
funds
£
101,050
2,635
99
36,685
4,422
11,025
4,460
625
331
2,268
6,814
633
2,061
45,125
6,349
-
2,520
227,102
2020
Total
funds
£
226,689
3,028
3,104
75
1,983
3,049
17,679
1,557
36,197
1,476
1,419
7,781
748
316
2,000
1,034
2,425
1,198
13,894
325,652

16

St Luke's Community and Regeneration Enterprises

Notes to the accounts continued

for the year ended 31 March 2021

6 Restricted funds
National Lottery (Try)
CIN - RISE Project
ABCD Fund
Co-op BC Youth Fund
National Lottery Take over days
CIN Brighter Futures
National Lottery (Electrics)
Fairhurst Fund
Flow project
HMRC Job Retention Scheme
High Sherriff of West Yks Fund
Tampon Tax fund
WYPCC Rise project
CIN Booster fund
City Connect
Cyclists Club UK
LCF Jimbo's fund
Neighbourly
LCF IWill
Shine CSE Project
Small Sparks funding
SNBC
Sport England
NLCF Together
Warburtons
West Yorks Police-Shine		 Balance b/f
£
28,417
-
-
158
845
7,164
9,313
4,919
817
-
2,137
7,487
5,425
-
-
-
-
-
-
-
-
-
-
-
-
-
66,682		 Incoming
£
-
9,987
22,500
42,110
28,910
28,034
-
-
-
126,592
-
-
-
3,000
4,960
2,960
14,960
400
5,000
7,500
4,500
8,467
9,425
40,602
5,000
6,000
370,907		 Outgoing
£
16,637
5,709
15,274
26,039
9,424
13,134
5,070
522
817
126,592
1,979
7,487
2,415
200
4,960
2,960
-
400
312
1,500
222
7,783
627
29,773
3,073
6,000
288,909		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
(2,800)
-
-
-
-
-
-
-
-
-
(1,792)
-
-
(4,592)		 Balance c/f
£
11,780
4,278
7,226
16,229
20,331
22,064
4,243
4,397
-
-
158
-
3,010
-
-
-
14,960
-
4,688
6,000
4,278
684
8,798
9,037
1,927
-
144,088

Fund name Purpose of restriction National Lottery (Try) To deliver community based courses and volunteering at the Charity Shop CIN - RISE Project A project supporting young men by providing mentoring and group work ABCD Fund To run an Asset Based Community Development pilot project in South Leeds

Co-op BC Youth Fund National Lottery Take over days CIN Brighter Futures National Lottery (Electrics) Fairhurst Fund Flow project HMRC Job Retention Scheme High Sherriff of West Yks Fund Tampon Tax fund WYPCC Rise project CIN Booster fund

City Connect Cyclists Club UK LCF Jimbo's fund

Funding to support young people facing loneliness To deliver a series of take over days at our Charity shop Funding for the Brighter Futures project

Towards the Engage With Electrics project at the Dewsbury Rd shop Funds received via LCF towards the shine project Towards a healing project in the community

Funding for staff costs under the Government furlough scheme Funding via LCF towards costs of the Rise project Funding towards the costs of the Shine project workers Funding towards the Rise project costs

Towards IT equipment during the COVID pandemic. The transfer relates to fixed asset purchases for the general use of the charity. Towards the bike project costs Towards the bike project costs Funding towards the Rise project costs

17

St Luke's Community and Regeneration Enterprises

Notes to the accounts continued

for the year ended 31 March 2021

6 Restricted funds continued

Fund name

Neighbourly LCF IWill Shine CSE Project Small Sparks funding SNBC Sport England NLCF Together

Warburtons West Yorks Police-Shine

Purpose of restriction

Funding to aid the use of furniture van for food distribution during pandemic Social action project with young people

To provide one to one mentoring to young people at risk of exploitation Funding to be distributed to local community groups and initiatives Funding towards Nail bar project costs Towards the Rise project

COVID response funding, providing support during the pandemic. The transfer relates to fixed asset purchases for the general use of the charity. Emergency COVID support fund

Funding for working with at risk young people

7
8
**9 **		 Tangible assets
Cost
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2019
Fixed assets investments
Carrying (market) value at beginning of year
Add: additions to investments at cost
Less: disposals at carrying value
Add / (deduct): net gain / (loss) on revaluation
Carrying (market) value at end of year
Debtors and prepayments
Debtors
Prepayments		 £
45,491
4,592
50,083
45,491
1,531
47,022
3,061
-
Computers		 £
8,212
3,649
11,861
7,037
1,905
8,942
2,919
1,175
2021
£
78,447
-
-
15,906
94,353
2021
£
24,028
2,168
26,196
Office
equipment		 Total
£
53,703
8,241
61,944
52,528
3,436
55,964
5,980
1,175
2020
£
75,450
-
-
2,997
78,447
2020
£
32,326
2,450
34,776

18

St Luke's Community and Regeneration Enterprises

Notes to the accounts continued

for the year ended 31 March 2021

10 Cash at bank and in hand
Cash at bank
Cash in hand
11 Creditors and accruals
Creditors
Accruals
Loans repayable within 1 year
12 Creditors: amounts falling due after one year
Long term loans
13 Staff costs and numbers
Gross salaries
Social security costs
Pensions
Redundancy
External supervision
Freelancers, secondments and volunteers
Defined contribution pension scheme
Costs of the scheme to the charity for the year
Amount of any contributions outstanding at the year end
The average number employees during the year was 20, being an average of 14
23, 16 FTE). There were no employees with emoluments above £60,000.		 2021
2020
£
£
216,761
106,199
576
15,084
217,337
121,283
2021
2020
£
£
1,082
626
2,000
2,497
8,333
-
11,415
3,123
2021
2020
£
£
41,667
-
41,667
-
2021
2020
£
£
298,337
304,296
14,664
14,577
7,729
7,635
1,335
1,231
2,200
-
500
2,876
324,765
330,615
2021
2020
£
£
7,729
7,635
-
-
full time equivalent (2020:

14 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Remuneration and benefits received by key management personnel

The key management personnel of the charity comprisesthe charity's Chief Executive Officer, the Youth work, Retail and Warehouse Managers, and the senior administrator. The total employee benefits of the key management personnel of the charity were £100,349 (2020: £135,344).

No trustee received any remuneration or benefit in this capacity during this or the previous year.

19

St Luke's Community and Regeneration Enterprises

Notes to the accounts continued

for the year ended 31 March 2021

15 Operating leases
Within one year
In the second to fifth years inclusive
Over five years from the balance sheet date
Expected future minimum lease payments over the remaining
life of the lease, analysed into the period in which the
commitment falls due:		 2021
£
27,097
84,996
77,957
190,050		 2020
£
37,979
90,859
99,191
228,029

20

St Luke's Community and Regeneration Enterprises

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2021

2021
2020
Unrestricted Unrestricted
funds
funds
£
£
Income
Donations and legacies
2,181
6,927
Charitable activities
5,602
41,508
Other trading activities
105,350
267,526
Other income
122
1,676
Bank interest
5
5
Total income
113,260
317,642
Expenditure
Fundraising costs
105,228
227,102
Charitable activities
47,710
89,272
Total expenditure
152,938
316,374
Net gains/(losses) on investments
15,906
2,997
Net income / (expenditure)
(23,772)
4,265
Transfers between funds
4,592
-
Net movement in funds
(19,180)
4,265
Fund balances brought forward
165,876
161,611
Fund balances carried forward
146,696
165,876		 2021
Restricted
funds
£
-
362,440
8,467
-
-
370,907
-
288,909
288,909
-
81,998
(4,592)
77,406
66,682
144,088		 2020
Restricted
funds
£
3,213
217,262
-
-
-
220,475
-
236,380
236,380
-
(15,905)
(15,905)
82,587
66,682		 2021
Total
funds
£
2,181
368,042
113,817
122
5
484,167
105,228
336,619
441,847
15,906
58,226
-
58,226
232,558
290,784		 2020
Total
funds
£
10,140
258,770
267,526
1,676
5
538,117
227,102
325,652
552,754
2,997
(11,640)
-
(11,640)
244,198
232,558

21