2021-03-31-accounts

	C	oLab Exeter Limited
		Contents
Reference and Administrative Details
Trustees' Report			.2to 10
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report		12
Statement ofFinancial	Activities		13to 14
Balance Sheet			15to 16
Statement ofCash Flows			17
Notes to the Financial	Statements		18to 35

								Total
				Unrestricted		Restricted		2021
			Note'
Income and Endowments		from:
Donations and legacies			3	4,787				4,787
Charitable activities			4	11,611		- 497,218		508,829
Investment income			5	248	.			248
Other income			6	190,537		5,643		196,180
Total income				207,183		. 502,861		710,044
Expenditure on:.
Charitable activities				(256,156)		(509,769)	'.	(765,925)
Total expenditure			7	(256,156)		(509,769)		(765,925)
Net expenditure				(48,973)		(6,908)		(55,881)
Net movement in funds				(48,973)		(6,908)		'(55,881)
Reconciliation offunds
Total funds brought	forward			409,544		96,871		506,415
Total funds carried	forward		21	360,571		89,963		450,534
In year surplus/(deficit)								(55,881)
Add back:
Depreciation								43,997
Interest payable								6,525
Surplus/(deficit) excluding		depreciation	and interest payable					(5,359)

				Unrestricted	Restricted	Total
				funds	funds	2020
			' Note
Income and Endowments		from:
Donations and legacies				15,373		15,373
Charitable activities				95,131	526,699	621,830
Investment income				1,139		1,139
Other income				206,209		206,209
Total Income				317,852	526,699	844,551
Expenditure on:
Charitable activities				(349,420)	(556,557)	(905,977)
Total Expenditure				(349,420)	(556,557)	(905,977)
Net expenditure				(31,568)	(29,858)	(61,426)
Net movement in funds				(31,568)	(29,858)	(61,426)
Reconciliation offunds
Total funds brought	forward			441,112	126,729	567,841
Total funds carried	forward		21	409,544	96,871	506,415
In year surplus/(deficit)						(61,426)
Add back:
Depreciation						44,337
Interest payable						6,821
Surplus/(deficit) excluding		depreciation	and interest	payable		(10,268)

				Balance Sheet as at 31	March 202	1
						2021	2020
					Note
Fixed assets
Tangible assets					14	571,029	610,842
Current assets
Debtors					15	52,876	62,884
Cash at bank 'and in	hand				16	203,904	200,904
						256,780	263,788
Creditors: Amounts		falling due within one year			17	(177,598)	156,884)
Net current assets						79,182	106,904
Total assets less current			liabilities			650,211	717,746
Creditors: Amounts		falling due after more than one year			18	(199,677)	(211,331)
Net assets						450,534	506,415
Funds ofthe charity:
Restricted income	funds
Restricted funds					21	'89,963	96,871
Unrestricted income		funds
Unrestricted funds						360,571	409,544
Total funds					21	450,534	506,415
Analysis ofUnrestricted			Funds
Unrestricted Free Reserves						90,443	117,819.
Designated Property	Depreciation			Fund		270,128	291,725
Total Unrestricted	Funds					360,571	409,544

				2021	2020
			Note
Cash flows from operating activities
Net cash expenditure				(55,881)	(61,426)
Adjustments to cash flows from non-cash		items
Depreciation				43,997	44,337
Investment income				(248	(1,139)
				(12,132)	(18,228)
Working capital adjustments
Decrease in debtors			15	10,008	117,529
Increase/(decrease) in creditors			17	4,064	(63,372)
Increase in deferred in'come			18	16,305	51,622
Net cash flows from operating	activities			18,245	87,551
Cash flows from investing activities
Interest receivable and similar	income		5	248	1,1,39
Purchase oftangible fixed assets			14	(4,183)	(65,300)
Sale oftangible fixed assets					1,803
Sale ofinvestments					19,419
Net cash flows &om investing	activities			(3,935)	(42,939)
Cash flows from financing activities
Repayment ofloans and borrowings			17	(11,310)	(5,068)
Net increase in cash and cash equivalents				3,000	39;544
Cash and cash equivalents at 1	April			200,904	.161,360
Cash and cash equivalents at 31March				203,904	200,904

3	'Income from don	ations		and legaci	es
						Unrestricted
						funds	Total	Total
						General	2021	2020
Donations and legacies;
	Donations from individuals					4,787	4,787	3,903
Grants, including capital grants;
	Government grants							11,470
						4,787	4,787	15,373
4	Income from charitable			activities
					Unrestricted
					funds	Restricted	Total	Total
					General	funds	2021	2020
	Barrow Cadbury Trust					19,000	19,000	13,500
	RD&ENHS Foundation		Trust			7,500	7,500	7,500
	BigLottery Fund							19,046
	CoLab Evolution'							.4,000
	Cornwall College				1,843		1,843	64,840
	Exeter City Council				9,768	10,000	19,768	19,873
	Comic Relief - Exeter Homeless
	Partnership					126,553	126,553	67,862
	Devon County'Council					40,242	40,242	24,920
	Homeless Link							6,250
	IRISProject							10,418
	OPCC					38,034	38,034	55,259
	Devon Partnership	Trust				19,510	19,510	16,350
	Devon Community	Foundation				110,289	110,289	70,584
	Westbank Devon Carers							241,428
	Smallwood Trust					79,302	79,302
	NHS Devon CCG					10,000	10,000
	National Illegal Money Lending
	Team					1,500	1,500
	Splitz		f			6,088	6,088
	Women's Centre Cornwall					10,000	10,000
	Lloyds Foundation					19,200	19,200
					11,611	497,218	508,829	621,830

					Unrest'ricted
					funds	Total	Total
					General	2021	2020
Interest receivable		and similar income;
Interest receivable			on bank deposits		248	248	935
Other investment		income					204
					248.	248	1,139
6 Other income
				Unrestricted
				funds
					Restricted	Total	Total
				General	funds	2021	2020
Other incoming	resources			32,209	5,643	37,852	1,445
Consultancy							2,123
Meeting room facilities				3,493		3,493	21,117
Office support services				5,438		5,438	6,611
Training course	fees			250		250	1,300
Office hosting				149,147		149,147	173,613
				190,537	5,643	196,180	206,209

7 Expenditure on charitable a	ctivities
	Governance	Office	Employment	Establishment	Administration	Training and	Total
	costs	expenses	costs	costs	costs	project costs	funds
Colab	10,776	85,481	234,607	105,692	6,052	78,557	521,165
Leaniing		924	30,071			9,485	40,480
Social Action		123	21,374				-21,497
Other projects						20,522	20,522
Devon Carers		5	104				109
Resilient Women		5,057	72,038			16,140	.93,235
Wellbeing Exeter		488	68,400			29	68,917
Total for 2021	10,776	92,078	.426,594	105,692	6,052	124,733	. 765,925
Total for 2020	10,184	93,512	593,003	117,171	11,670	80,437	905,977

					Urirestricted
					funds	Total
					General	funds
Independent	examiner fees
Examination of		the financial		statements	4,000	4,000
Other fees	paid	to examiners			6,751	6,751
Other governance		costs			25	25
Total for 2021					10,776	10,776
Total for 2020					10,184	10,184
8 Net incoming/outgoing			resources
Net outgoing	resources for		the	year include:
					2021	2020
Audit fees						6,000
Depreciation	offixed assets				43,997	44,337

10 Staff costs	10 Staff costs
The aggregate payroll costs were as follows:
		2021	2020
Staff costs during	the year were:
Wages and salaries		382,797	521,068
Social security costs		23,566	38,563
Pension costs		6,945	11,223
Other staff costs		13,283	22,148
		426,591	593,002

the year w	as as follows:
		2021		2020	.
		No		No
Charitable	activities		17			25

The total employee benefits	ofthe key management	personnel ofthe charity	were 8135,295 (2020 - $140,162).
11 Independent examiner's	remuneration
			2021
Examination ofthe financial	statements		4,000
Other fees to examiners
All other services			6,751
12 Auditors' remuneration
			2020
Audit ofthe financial statements			6,000
Other fees to auditors
All other non-audit services			3,795

14 Tangible fixed assets
	Land and	Furniture and
	buildings	equipment	Total
Cost
At 1 April 2020	800,165	57,415	857,580
Additions	4,183		4,183
At 31March 2021	804,348	57,415	861,763
Depreciation
At 1 April 2020	227,558	19,179	246,737
Charge for the year	38,075	5,922	43,997
At 31March 2021	265,633	25,101	290,734
Net book value
At 31March 2021	538,715	32,314	571,029
At 31March 2020	572,607	38,236	610,843

15 Debtors
	2021	2020
Trade debtors	24,080	18,377
P repayments	18,498	18,736
Accrued income	7,993	25,771
Other debtors	2,305
	52,876	62,884
16 Cash and cash equivalents
	2021	2020
Cash at bank	203,904	200;904

17 Creditors:	amounts	falling due within	one year
				' 2021	2020
Trade creditors				44,507	22,846
Other loans				11,654	11,310
Other taxation	and social	security		7,707	22,890
Other creditors				1,681	5,897
Accruals				6,018	4,215
Deferred income				106,031	89,726
				177,598	156,884

			2021	2020
Deferred	income at 1 April 2020		89,726	38,104
Resources	deferred in the period		106,031	89,726
Amounts	released &om previous	periods	(89,726)	(38,104)
Deferred	income at year end		106,031	89,726

18 Creditors: amounts falling due after	one yea	r
			2021	2020
Other loans			199,677	211,331
Included in the creditors are the following	amounts	due after more than five years:.
			2021	2020
After more than five years by instalments			149,405	162,543

21 Funds
							Balance at
			Balance at 1	Incoming	Resources		31March
			April 2020	resources	expended	Transfers	2021
Unrestricted
General
Unrestricted general		funds	117,819	207,183	(219,066)	(15,493)	90,443
Designated
Premises depreciation		fund	291,725		(37,090)	15,493	270,128
Total Unrestricted			409,544	207,183	(256,156)		360,571
Restricted
Devon County Council				40,242	(40,242)
Barrow Cadbury Trust				19,000	(19,000)
RD&ENHS Foundation
Trust				7,500	(7,500)
Devon Partnership	Trust			19,510	(19,510)
Lloyds Foundation				19,200	(19,200)
Comic Relief - Exeter
Homeless Partnership				126,553	(126,553)
Ministry ofJustice	-	Capital
funding			96,871		(6,908)		89,963
OPCC				38,034	(38,034)
Smallwood Trust				79,302	(79,302)
Devon Community
Foundation				110,289	(110,289)
NHS Devon CCG				10,000	(10,000)
National Illegal Money
Lending Team				1,500	(1,500)
Splitz				6,088	(6,088)
Women's Centre Cornwall				10,000	(10,000)
Exeter City Council				10,000	(10,000)
Government Grant-
Coronavirus Job Retention Scheme				5,643	~5,643'I
Total restricted			96,871	502,861	(509,769)		89,963
Total funds			506,415	710,044	(765,925)		450,534

Notes	t	o	the Fin	ancial Stateme	nts for the	Year Ended 3	1March 202	1
								Balance at
				Balance at 1	Incoming	Resources		31March
				April 2019	resources	expended	Transfers	2020
Unrestricted funds
General
Unrestricted general			funds	115,223	317,852	(310,188)	(5,068)	117,819
Designated
Premises depreciation			fund	325,889		(39,232)	5,068	291,725
Total unrestricted	funds			441,112	317,852	(349,420)		409,544
Restricted
Devon County Council					24,920	(24,920)
Westbank Devon	Carers				241,428	(241,428)
Big Lottery Fund					19,046	(19,046)
Barrow Cadbury	Trust				13,500	(13,500)
RD&ENHS Foundation
Trust					7,500	(7,500)
Devon Partnership		Trust			16,350	(16,350)
CoLab Evolution					4,000	(4,000)
Homeless Link					6,250	(6,250)
Comic Relief - Exeter
Homeless Partnership					67,862	(67,862)
Ministry ofJustice		-	Capital
funding				126,729		(29,858)		96,871
OPCC					55,259	(55,259)
Devon Community
Foundation					70,584	(70,584)
Total restricted funds				126,729	526,699	(556,557)		96,871
Total funds				567,841	844,551	(905,977)		506,415

22 Analysis ofn	et assets between fund	s
					Total funds at
		Unrestricted	funds	Restricted	31March
		General	Designated	funds	2021
Tangible fixed assets		210,938	270,128	89,963	571,029
Current assets		150,749		106,031	256,780
Current liabilities		(71,567)		(106,031)	(177,598)
Creditors over 1year		(199,677)			(199,677)
Total net assets		90,443	270,128	89,963	450,534
					Total funds' at
		Unrestricted	funds	Restricted	31March
		General	Designated	funds	2020
Tangible fixed assets		222,246	291,725	96,871	610,842
Current assets		177,270		86,518	263,788
Current liabilities		(70,366)		(86,518)	(156,884)
Creditors over 1	year				(211,331)
		''
Total net assets		117,819	291,725	96,871	. 506,415
23 Analysis ofnet funds
			At 1April 2020	Financing cash flows i	At 31March 2021
Cash at bank and	in hand		200,904	3,000	' 203,904
Debt due within	one year		(11,310)	(344)	(11,654)
Debt due after more than one year Net debt			(21,737)	11,654 14,310	(199,677) ~7,427)
			At 1April	Financing cash	At 31March
			2019	flows	2020
Cash at bank and in hand			161,360	39,544	'200,904
Debt due within	one year		(8,104)	(3,206)	(11,310)
Debt due after.more than one year			(219,605)	8,274	(211,331)
Net debt			(66,349)	44,612	(21,737)
24 Related party transactions
There were no related party transactions		in the year.