2022-03-31-accounts - CoLab Exeter

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Reference and Administrative Details
Trustees' Report	2 to 7
Statement ofTrustees' Responsibilities
Independent Examiner's Report
Statement of Financial Activities	10to 11
Balance Sheet	12to 13
Statement of Cash Flows	14
Notes to the Financial Statements	15to 29

Trustees			R Bosworth
			1 E Dent
			A Farnsworth
			T Lomas
			J Mclaren
			A Rome
			LVanstone
Secretary			A Morgan					(to May 2022)
			H Skinner					(from May 2022)
Senior Management		Team	A Kilroy, Joint Chief Executive Officer
			F Carden, Joint Chief Executive Offtcer
			A Morgan,	Business &Operations			Manager	(to May 2022)
Principal	Office		Wat Tyler	House
			King William		Street
			Exeter
			EX4 6PD
			The chanty		is incorporated	in England.

						Total	Total
				Unrestricted	Restricted	2022	2021
			Note	6	6
Xncome and Endowments		from:
Donations and legacies				16,852	37,389	54,241	4,787
Charitable activities				0	709,414	709,414	508,829
fnvestment income				211	0	211	248
Other income				188,510	0	188,510	196,180
Tots I income				205,573	746,803	952,376	710,044
Expenditure on:
Charitable activities			7	(200,306)	(725,653)	(925,959)	(765,925)
Total expenditure				(200,306)	(725,653)	(925,959)	(765,925)
Net income / (expenditure)				5,267	21,150	26,417	(55,881)
Net movement in funds				5,267	21,150	26,417	(55,881)
Reconciliation of	funds
Total funds brought	forward		21	360,571	89,963	450,534	506,415
Total funds carried	forward			365,838	111,113	476,951	450,534

Statement of Fina	ncial A	ctivities for the	Year Ended	31	March 2021
							Total
					Unrestricted	Restricted	2021
			Note				6
Income and Endowments		from:
Donations and legacies					4,787	0	4,787
Charitable activities					11,611	497,218	508,829
Investment income					248	0	248
Other income					190,537	5,643	196,180
Tota 1 income					207,183	502,861	710,044
Expenditure on:
Charitable activities				7	(256,156)	(509,769)	(765,925)
Total expenditure					(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 of	funds
Total funds brought	forward			21	409,544	96,871	506,415
Total funds carried	forward				360,571	89,963	450,534

				Bal	ance Sheet as at 31	March	2022
								2022	2021
						Note			E
Fixed assets
Tangible assets							14	536,235	571,029
Current assets
Debtors							15	367,158	52,876
Cash at bank and in	hand						16	306,294	203,904
								673,452	256,780
Creditors: Amounts	falling due			within	one year
Net current assets								127,094	79,182
Total assets less current			liabilities					663,329	650,211
Creditors: Amount	falling		due	after more than one year			18	(186,378)	(199,677)
Net assets								476,951	450,534
Funds ofthe charity:
Restricted income	funds
Restricted funds							21	111,113	89,963
Unrestricted income funds
Unrestricted funds								365,838	360,571
Totalfunds							21	476,951	450,534
Analysis of Unrestricted		Funds
Unrestricted Free Reserves								112,335	90,443
Designated Property	Depreciation			Fund				253,503	270,128
Total Unrestricted	Funds							365,838	360,571

					2022	2021
			Note		6	6
Cash flows from operating	activities
Net cash income/(expenditure)					26,417	(55,881)
Adjustments to cash flows	from non-cash	items
Depreciation					45,020	43,997
Investment income					(211)	(248)
					71,226	(12,132)
Working capital adjustments
(Increase)/decrease in debtors				15	(314,282)	10,008
Increase/(decrease) in creditors				17	10,523	4,064
Increase in deferred income				17	356,592	16,305
Net cash flows from operating	activities				124,059	18,245
Cash flows from investing	activities
Interest receivable and similar	income			5	211	248
Purchase oftangible fixed assets				14	(10,226)	(4,183)
Net cash flows from investing	activities				(10,015)	(3,935)
Cash flows from financing	activitfes
Repayment of loans and borrowings				18	(11,654)	(11,310)
Net increase in cash and cash	equivalents				102,390	3,000
Cash and cash equivalents at	1 April				203,904	200,904
Cash and cash equivalents at	31 March			16	306,294	203,904

					Unrestricted	Unrestricted	Funds	Restricted	Restricted	Funds
					General	Designated		Project		Capital	Total	2021
					Funds		Funds	Funds		Funds	Funds	Funds
Donations and	legacies:
Donations	(individuals)				79			37,389			37,468	4,787
Grants, including		capital grants:
Grants					16,773						16,773	0
					16,852			37,389		0	54,241	4,787
4 Income from			charitable		activities
					Unrestricted		Funds	Restricted		Funds
					General	Designated		Project		Capital	Total	2021
					Funds		Funds	Funds		Funds	Funds	Funds
								E		f	E	E
Mental Health								95,191			95,191	44,430
CoLab Women								227,800			227,800	150,246
Wellbeing Exeter								150,028			150,028	110,289
Infrastructure								111,873			111,873	29,200
Civic Ik Community								124,522			124,522	126,553
Learning								0			0	48,111
							0	709,414		0	709,414	508,829
5 Investment		Income
					Unrestricted		Funds	Restricted		Funds
					General	Designated		Project		Capital	Total	2021
					Funds		Funds	Funds		Funds	FUntls	Funds
Interest receivable			on	bank deposits
Other investment				income	211						211	248
					211			0		0	211	248
6 Other Income
					Unrestricted		Funds	Restri	cted	Funds
					General	Designated		Project		Capital	Total	2021
					Fuilds		Funds	Funds		Funds	Funds	Funds
					f		E			f	F.	f
Other incoming		resources				0	0			0	0	37,852
Consultancy						0	0			0	0	0
Meeting room	facilities				32,051		0			0	32,051	3,493
Office support	services				6,721		0			0	6,721	5,438
Training course		fees				0	0			0	0	250
Office hosting					149,738		0			0	149,738	149,147
					188,510		0	0		0	188,510	196,180

7 Expendi	tur	e	on	charitable a	ctivities	ctivities
					Unrestricted		Funds	Restricted	Funds
					General	Designated		Project	Capital	Total	2021
					Funds		Funds	Funds	Funds	Funds	Funds
					6		f	6	f	f	6
Governance	Costs				11,014		0	0	0	11,014	10,776
Office Expenses					25,879		38,113	4,745	6,908	75,645	92,078
Employment	Costs				71,035		31,809	472,951	0	575,795	426,594
Establishment		Costs			134,549		0	I	0	134,550	105,692
Administration		Costs			9,553		64	1,150	0	10,767	6,052
Project Costs					4,640		272	113,276	0	118,188	124,733
Recharge Costs					(126,622)		0	126,622	0	0	0
					130,048		70,258	718,745	6,908	925,959	765,925
8 Governance			costs
					Unrestricted		Funds	Restricted	Funds
					General	Designated		Project	Capital	Total	2021
					Funds		Funds	Funds	Funds	Funds	Funds
Independent	examiner			fees
Professional			Examination		4,000					4,000	4,000
Other fees		paid to		examiners	6,250					6,250	6,751
Other governance				costs	764					764	25
					11,014		0	0	0	11,014	10,776

Net outg	oing resources for th	e year include. '	e year include. '
		Unrestricted		Funds	Restricted	Funds
		General	Designated		Project	Capital	Total	2021
		Funds		Funds	Funds	Funds	Funds	Funds
Audit fees
Depreciation	of fixed assets			38,112		6,908	45,020	43,997
				38,112		6,908	45,020	43,997

The aggregate payroll costs were as follows:
	Total	Total
	2022	2021
Staff costs during the year were:		6
Wages and salaries	511,418	382,797
Social security costs	38,073	23,566
Pension costs	9,905	6,945
Other staff costs	16,399	13,283
	575,795	426,591

Total		Total
No		No
	19		17

12 Independe	nt Ex	aminers Remuneration
			Total	Total
			2022	2021
				f
Independent examiner		fees
Professional	Examination		4,000	4,000
Other fees	paid to	examiners	6,250	6,751
Other governance		costs	764	25
			11,014	10,776

14 Tangible fixed assets
		Furniture
	Land and	ancl
	buildings	equipment	Total
	6	6
Cost
At I April 2021	804,348	57,415	861,763
Additions	0	10,226	10,226
	804,348	67,641	871,989
Depreciation
At 1 April 2021	265,633	25,101	290,734
Charge for the year	38,076	6,944	45,020
	303,709	32,045	335,754
Net book value
At 31 March 2022	500,639	35,596	536,235
At 31 March 2021	538,715	32,314	571,029

		Total	Total
		2022	2021
Trade debtors		300,735	24,080
Prepayments		20,713	18,498
Accrued	income	45,266	7,993
Other debtors		444	2,305
		367,158	52,876
16 Cash and cash equivalents
		Total	Total
		2022	2021
Cash at	bank	306,294	203,904

17 Cred	itors:	am	ounts falling	due within one year
					Total	Total
					2022	2021
Trade Creditors					32,076	44,507
Otherloans					13,299	11,654
Other taxation		and	social security		13,704	7,707
Other creditors					6,070	1,681
Accrua le					18,586	6,018
Deferred	Income				462,623	106,031
					546,358	177,598
					Total	Total
					2022	2021
Deferred	income at 1 April 2021				106,031	89,736
Resources	deferred		in the period		462,623	106,031
Amounts	released		from previous	periods	(106,031)	(89,736)
Deferred	income at year end				462,623	106,031

18 Cre	ditors: amounts falling due aft	er one y	ear
				Total	Total
				2022	2021
Otherloans				186,378	199,677
Included	in the creditors are the following	amounts	due after more than five years;
				Total	Total
				2022	2021
After more than five years by instalments				132,729	149,405

21 Funds
						Balance	at				Balance	at
						1Apr		Incoming	Resources		31Mar
						2021		resources	expenses	Transfer	2022
						E		E	f	f	f
Unrestricted funds
General
Unrestricted general			funds			90,443		205,573	(130,048)	(53633)	112,335
Designated
Premises depreciation			fund			270,128			(38,113)	21,488	253,503
Learning							0		(2,261)	2,261		0
Atrium							0		(29,884)	29,884		0
Total unrestricted			funds			360,571		205,573	(200,306)	0	365,838
Restricted
Expenditure Projects
Discharge Initiative		Fund (DPT)						56,353	(56,353)			0
First Step (DCC)								24,920	(24,920)			0
Mental Health Alliance								13,918	(13,918)			0
Best Start (Spgtz)								75,489	(75,489)			0
Breathing Space (DCC)								86,556	(86,556)			0
Doing What Matters			(DCC)					5,030	(5,030)			0
OPCC								11,251	(11,251)			0
Smallwood Trust								40,802	(40,802)			0
Spark								5,876	(5,876)			0
Well Being Exeter		(DCF)						150,028	(150,028)			0
Doing What Matters			Most (NLCF)					111,873	(111,873)			0
Community Ambassadors				(ECC)				9,229	(9,229)			0
Exeter Homeless	Partnership				(CR)			108,768	(108,768)			0
Meaningful Activities								37,043	(8,985)		28,058
Nationwide								6,525	(6,525)			0
Other Projects								3,142	(3,142)			0
								746,803	(718,745	0	28,058
Capital Projects
Ministry ofJustice		—Capital			funding	89,963			(6,908)	0	83,055
						89,963			(6,908)	0	83,055
Total restricted	funds					89,963		746,803	(725,653)	0	111,113
Total funds						450,534		952,376	(925,959)	0	476,951

				Balance at				Balance	at
				1Apr	Incoming	Resources		31Mar
				2020	resources	expenses	Transfer	2021
						6
Unrestricted funds
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
Atrium									0
Total unrestricted funds				409,544	207,183	(256,156)		360,571
Restricted
Expenditure Projects
Devon County Council					40,242	(40,242)
Barrow Cadbury Trust					19,000	(19,000)
RD&E NHS Foundation		Trust			7,500	(7,500)
Devon Partnership	Trust				19,510	(19,510)
Lloyds Foundation					19,200	(19,200)
Exeter Homeless	Partnership				126,553	(126,553)
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)
Best Start (Splitz)					6,088	(6,088)
Women's Centre Cornwall					10,000	(10,000)
Exeter City Council					10,000	(10,000)
Corona Virus )ob	Retention		Scheme		5,643	(5.643)
(Government	Grant)
					502,861	(502,861)
Capital Projects
Ministry of)ustice	—Capital		funding	96,871		(6,908)		89,963
				96,871		(6,908)		89,963
Total restricted	funds			96,871	502,861	(509,769)		89,963
Total funds				506,415	710,044	(765,925)		450,534

				Unrestricted	Unrestricted	funds	Restricted	funds	Total funds at
				General	Designated		projects	Capital	31March 2022
						E	E	E	E
Tangible	fixed assets			199,677		253,503	0	83,055	536,235
Current	assets			182,770		0	490,682	0	673,452
Current	liabilities			(83,734)		0	(462,624)	0	, (546,358)
Creditors	over 1	year		(186,378)		0	0		(186,378)
Total net assets				112,335		253,503	28,058	83,055	476,951
				Unrestricted		funds	Restricted	funds	Total funds at
				General		Designated	projects	Capital	31March 2021
						E		E
Tangible	fixed assets			210,938		270,128	0	89,963	571,029
Current	assets			150,749		0	106,031	0	256,780
Current	liabilities			(71,567)		0	(106,031)	0	(177,598)
Creditors	over 1	year		(199,677)		0	0	0	(199,677)
Total net assets				90,443		270,128		89,963	450,534
23 Analysis of			net funds
							At 1April	Financing	At 31March
							2021	cash flows	2022
							E
Cash at	bank and		in hand				203,904	102,390	306,294
Debt due within		one year					(11,654)	(1,644)	(13,298)
Debt due after more than one				year			(199,677)	13,299	(186,378)
Net debt							(7,427)	114,045	106,618
							At 1April	Financing	At 31March
							2020	cash flows	2021
							E		E
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			(211,331)	11,654	(199,677)
Net debt							(21,737)	14,310	(7,427)