##
##
||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.||||