2021-03-31-accounts - Carlisle Key

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Guildhall Chambers
29 Fisher Street, CA3 8RF
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Trustee Report 2020/2021

It has been a challenging year for our homeless service. Obviously Covid brought many challenges and continues to do so. We increased our opening hours during the first lockdown in March 2020 and have continued with those increased opening hours while all statutory services went on line or telephone only, as we realised there were many vulnerable young people with no place to go when in crisis.

The organisation is working well, we are just taking back volunteers to help run the service and provide much needed support for our paid staff. Our service relies on volunteers so its really good to start taking some back in. We also provide placements for social work students and counselling students to enable them to gain practical experience.

Donations are going well and we are increasing our efforts to secure future funding to enable us to make the organisagtion financially sustainable. A fundraising strategy is being developed to list all grant and fundraising activity.

We have supported over 300 young people in the last year with homeless advice, supported accommodation, benefits advice, food parcels, emotional support, mental health issues, counselling, signposting to drug and alcohol services and debt advice. Several of the young people have been in crisis so the support is intensive and time consuming but we are continuing to offer extended opening hours and we also have an online messaging service that our young people can access to receive support.

Our eleven units of supported accommodation are in great demand as restrictions have lifted. We currently have a waiting list and the young people that live there are very settled. We look forward to another year of helping homeless young people.

Graeme Ridgewell Ben White Jenna Sutherland Sheila March Pauline Colla

Carlisle Key Trustees

Registered Charity No: 1099610 Company No: 04793697

Carlisle Key

Statement of Financial Activities for the year ended 31st March 2021

Carlisle Key Statement of Financial Activities for the year ended 31st March 2021
	Note		Total		Unres		Rest		2020
Donations				16,172		16,172				18,950
Grants		2		221,852		155,410		66,442		99,421
Student placements				2,800		2,800				1,400
Rent				105,061		105,061				18,307
Bank interest				12		12				33
Release of housing grants				9,097				9,097		4,653
				354,994		279,455		75,539		142,764
Expenditure
Salaries and pensions				130,595		130,595				98,276
Rent				19,440		19,440				21,120
Utilities and council tax				11,314		11,314				9,280
Insurance				2,334		2,334				1,953
Operating expenses				12,458		12,458				4,476
Office expenses				2,885		2,885				2,091
Telephone and internet				2,222		2,222				1,573
Young persons' expenses				14,690				14,690		1,630
Counselling				6,859				6,859		779
Cleaning				1,601		1,601				1,745
Training				444		444				2,630
Vonteers' expenses				43		43				981
Travel				355		355				813
Repairs and maintenance				18,444		18,444				2,163
Subscriptions				1,171		1,171				1,909
Marketing				423		423				3,404
Sundry expenses				350		350
Covid 19 costs				3,320		3,320
Mortgage interest				2,715		2,715				5,076
Depreciation				16,081		6,984		9,097		10,643
				247,744		217,098		30,646		170,542
Surplus/(Deficit) for the year				107,250		62,357		44,893	-	27,778
Funds brought forward				93,237		79,016		14,221		121,015
Funds carried forward				200,487		141,373		59,114		93,237

Carlisle Key

Balance Sheet as at 31st March 2021

						2020
FiXED ASSETS	Note
Tangible assets		4		327,855		298,096
CURRENT ASSETS
Debtors		5	12,062		7,469
Cash at bank and in hand			176,498		128,337
			188,560		135,806
CREDITORS
Amount falling due within one year6			31,103		62,300
				157,457		73,506
Total assets less current liabilities				485,312		371,602
Creditors falling due within more
than one year				284,825		278,365
NET ASSETS				200,487		93,237
Financed by:
ACCUMULATED FUNDS
Restricted funds				59,114		14,221
Unrestriced funds				141,373		79,016
				200,487		93,237

Carlisle Key Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable to the UK and Republic of Ireland" and the requirements of the Companies Act 2006 as applicable to the small companies regime

The accounts have been prepared under the historical cost convention The statement of financial activities included all gains and losses recognised during the year.

All incoming resources and resources expened derive from continuing activities

Company status

The company is a charity limited by guarentee and in the event of the company being wound up the liability is limited to £10 per member.

Fund accounting

Unrestricted funds can be used at the trustees' discretion for furtherance of the general objectives of the charity while restriced funds are to be used in the specific restrictions imposed by the donors.

Tangible Fixed Assets

The tangible fixed assets are stated at cost.

Depreciation is recognised so as to write off the costs over their useful lives. Freehold buildings 2% straight line Leasehold buildings over the period of the lease Furniture and equipment 25% straight line

Deferred income

To the extent that grants received will not be spent until a later period they are carried forward in creditors as deferred income

Grants received to fund the purchase of property are held in creditors and released in line with depreciation policy.

2 Grants

				2020
Lloyds Bank Foundation	25,000	25,000
Francis Scott	20,000	20,000
Nationwide BS	32,333		32,333	8,334
Big Lottery	29,000	29,000		42,410
Tudor Trust	3,500		3,500
Cumbria Community Found	2,000		2,000	2,500
Cumbria County Council	15,690	2,950	12,740
Groundwork	1,500	1,500
CAF Bank	10,000	10,000
Carlisle City Council	4,000	4,000		1,000
Cumbria PCC	2,940	2,940
Homeless Liink	14,000		14,000
Newcastle BS	4,000	4,000		5,177
Lottery Covid recovery	46,020	46,020
Lottery Community Fund	10,000	10,000
Co-op loal fund	1,870		1,870
Hadfield Trust				5,000
St James Place				10,000
Garfield Weston				25,000
	221,853	155,410	66,443	99,421

3 Staff costs
Salaries and national ins	124,594			93,865
Pension costs	6,001			4,411
	130,595			98,276
4 Fixed Assets	Freehold	Leasehld	Equipment
Cost
Ai 1st April 2020	271,175	27,814	9,750
Additions	6,242	33,027	6,572
	277,417	60,841	16,322
Depreciation
At 1st April 2020	5,424	2,781	2,438
Charge for year	5,551	6,452	4,079
	10,975	9,233	6,517
Net book value	266,442	51,608	9,805
Tudor Trust contributed £40000 towards the leasehold property
improvements for wich the trustees extend their grateful thanks
5 Debtors		2021	2020
Trade debtors		3,845	1,417
Prepayments		8,217	6,052
		12,062	7,469
6 Creditors		2021	2020
Amounts falling due within on year
Trade creditors and accruals		2,070	29,112
Deferred income		16,666	25,475
Grants for property purchase		9,097	4,653
Mortgage		3,271	3,060
		31,104	62,300
Amounts falling due within more than
one year
Deferred income			16,666
Grants for property purchase		230,811	204,352
Mortgage		54,014	57,346
		284,825	278,364

7	Donations
	Localgiving	3,535
	Capita	500
	Riverside	950
	Methodist Church	3,104
	Period Poverty North Cumbria	874
	Groundwork	500
	TJX	500
	Christmas Appeal	590
	Paypal Giving Fund	2,293

This is a snapshot of the many donations received for which the trustees are most grateful

Restricted fund analysis	1st Apr 20		Expend	31st Mar 21
Hadfield Trust	4,221		4,221
St James Place	10,000		2,638	7,362
Nationwide		32,333	14,690	17,643
Tudor Trust		3,500		3,500
Cumbria CC		12,740		12,740
Cumbria Community Fund		2,000		2,000
Homeless Link		14,000		14,000
Co-op Loocal Fund		1,870		1,870
	14,221	66,443	21,549	59,115

CARLISLE KEY

Independent Examiners Report to the Trustees of Carlisle Key

I report on the accounts of the charity for the year ended 31[st] March 2021, which are set out on pages 1-5.

This report is made solely to the charity’s trustees, as a body, in accordance with s43 of the Charities Act 1993 (for a charity in England and Wales)

Respective responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.

It is my responsibility to:

⬧ Examine the accounts (under section43 (3)(a) of the 1993 Act);
⬧ To follow the procedures laid down in the General Directions given by the Charity Commissioners under s43 (7)(b) of the Act; and
⬧ To state whether particular matters have come to my attention.

Basis of independent examiners report.

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination included a review of accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in audit and consequently, I do not express an audit opinion on the view given by the accounts.

Independent examiners statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
⬧ to keep accounting records in accordance with s41 of the Act; and
⬧ to prepare accounts which accord with accounting records and comply with the accounting requirements of the Act

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.

Mr. Robert W. Gordon FCA, ATT, FMAAT Briar Lea House, Brampton Road, Longtown, Carlisle, CA6 5TN

Date: 15 September 2021