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2021-03-31-accounts

Social Life IIIM•i Opportunltoes Embracing disability, empowering lives. ANNUAL REPORT 2020-21 SOLO'S Journey through a Pandemlc Social Lrfe Opportunilies (SOLO) 38 Walnut Close Chelmsley Wood Birmingham B37 7PU 0121779 3865 info@sololifeo ortunities.or WWW. sociallifeopportvnities.org Charity No 1102997CompanyLimited byGuarantee Number05025939

Annuol Report 202012021 Contents SOLO'S Charltable Ob Our Vlslon Chair erson's Re ecllves Chief Executive officer's Re Our Values Covld 19 SOLO Pandemlc Strate 9110 Adult Servlces Chlldren's Servlces orted Llvln Servlce Pundln and Fundralsln Trustee Board Flnanclal Revlew 16117 statement of Trustee5' Res onsibilities Inde endent Auditors Re 19-21 Statement of Financial Activitie5 for Balance Sheet as at 31.03.21 ear ended 31.03.21 22 23 statement of Cash Flow as at 31.03.21 24 Notes to the Financial Statements 25-34 35 Com an Information

Annuol Report 202012021 Social Llfe Opportunltles Our Objectives & Vision SOLO'I Charflable Objecllves "To help empower children. young Peop￿ and adulls with learning disobililEs to (￿hleve IF￿r full potenlial. lo encouaoe their integration in society and Improve Ihetr conditions of Ilfe in parttulcT by the Sernlce. or asstslance in the Serdce, of facilille5 for them, ther families and carer5" Within SOLO we See people wth le￿rnIng dlsabllities spendirvJ lime in an envronmenl Ihat s comf¢Jtable. safe and Secure enabling Ihem to be strelched. challenged and tc*e risks. We are happy with that we see, bul we want more. In the fulure. we wanl to ensue that our members ￿e nol excluded from soclety in institulional selling5 bul are w0￿ded wth an en￿ronment that equips them for the futue. We wont lo grve them the skills and experience they need lo be able lo make choices and take control of their Ilwes. We ￿nI lo see the I￿e$ of ou chilcten ￿th a le(Jning dlsabllSty enhanced a5 they become odult5. For adu115 wilh a ￿arnIng dtsability, w6 want to prowide them the chance to experience all Ihol life hos to offer. have fun ond be hoppy. 141.1 Our Vision Enable our members lo re0r￿e ttieir full potential wth Ihe svpport ond encouragement of a skilled and dedicaled leam, Ihrough the developmenl of high quality OPDOrtunilies.

Annuol Report 202012021 Soclal Llfe Iiim• Opportunltles Chair's Report It's easy to be wse ofter on event and orE of the frst thin￿ the SOLO Bocfd did in 2020/21 financial yetJwas add the rsk of Pandemic lo ou Reserves POI￿y. (ljrkey VIC￿tywaS to keep SOLO cO￿d safe but also conllnue delroery of Se￿e$ there Possib￿ and keep a conslanl eye on the C¢Jh fl¢M. A serEs of difficult decisDns were necess(yy. including reducllon of Staff ond use of furk)ugh to align income and expendit￿e to ersLre financlal slability. fo focililate social distancing f¢y cxtmties we were not risk aveyse and invested in an additional base fcf servke delrrty to ttcommodate social d￿tanCIng, and developed SOLO'S suppcrled Imng hwse In Sollhull. To reflect the soclal cspect of SOLO thls was Inccxpcxated into o nome change and refresh of SOLO'S brandinfvbsite. Evenls lo ce￿brate 20 ye¢YS of SOLO had lo be paused and COVID negatrve Impact for SOLO was much rethced Kjndrosing oppthunities. WithC￿t the intense support of a reduced slafl team. the trust of members and Iher parentlcorers to access $￿CeS the ￿ltcOMe of a difficull year could have been very different bul it is o lrfbute lo Ihe commilment of the Board of Trustees ond SOLO 51aff Ihal we re￿hed ye¢J end in a much more robust siluatlon thon antlcipated e¢Jller In Ihe yeor. Our key FI1￿1ty Is now lo re￿ew. refresh and revilaliTr ond Grasp positrve OPF)Ortunilies that the Pandemic has LS lo offer ￿tal Se￿CeS fcf our 8Xlsllng and fulure members wilh Leaming Disabilities. CEO Report InlerfmlAcllng up slnce November2020 - COVID As Head of Finance and 8Lsiness Suppcyl fcy over seven ye¢JS. I hiwe seen at rrsl hond the en￿mouS growth and change in the swace. wilh Ihe challer¥Jes that thls h￿ brought. With reduced fTnonces. keeping SOLO os o rolxjsl ond fleXIb￿ ￿gon1$Ot￿n, oble to meel the needs of people ￿th a lecming dsability in on ever-changing silualion. tFHe is w doubt that difficult decisions havehad to be made along the way. l am pleased lo hCr￿ Ihe suppcrl and confidence of Ihe BocTd as we have ne￿tIated the pandemic silualion togelherwlh OLT 51aff leam, responding lo need and adapting Services lo ensue o COVID-safe enkTonment fcf OLK members and stam. 11 has been a plea￿re lo see the sloff leams at thelr creatwe ￿st os they huve taken on the chollerges of adapting lo the new lerraln, ertsuriro ow membets iJe slill able lo ho￿ and en5oy the essenlial soclal interaction Ihalwe all need. I look fc￿rd to contlnuing to wcrt togetw so that SOLO emerges from these tlmes lo continue ils joumey. offering wtal serwces lo people wth leaming disabilitie

Annuol Report 202012021 Soclal Llfe Opportunltles Our Values - STAR Safe Trusted Adaptable Reslllent SOLO'S STAR Quallty valve5: Scrfe. Trvsled. Adaptable. Re5111enl hove been severely tested thlsyear but not found wanting-even in these pandemlc-fflled time5. Reflecting on where we were at the end of lasl year's reportlng perfod: "swlft action was required as Ihe year ended to ensure sustainability as so many services hod to be paused whilsl we all went into lockdown. A large proportion of slatf hod to be fudoughed and a small leam was left managing Ihe services thal could be safely delivered" We paid lribute to all those who had worked so hard during those last few monlhs and those who had been on furlough and isolated from thelr dally roles. COVID-19 was Sndeed a wake-up call for us all - to stop Ibrfeflyl and to look at the what, why and how we do things, so th<Jl SOLO can continue to do the be51 It can for those who need us most. Thoughoul these testing times, the focu5 ha5 been on Ihe "can do" rather than "can't do" and, SOLO'5 values hove been well ond truly tried and tested. Rdembers and their familie5 have trusted SOLO that they will be kept safe. Slatf hove been very adaptable and resllient to ensure as many services as P055ible con be delivered and working together creatwety, have adapted some 5ervice5 to different delivery modes to reach our member5 who were shielding. Some projects remain on pause where larger number5 gather and are under constant review for when Ihey can resume.

Annuol Report 202012021 Soclal Llfe Iiim• Opportunltles SOLO Positive+ SOLO Posltlve + We have adapled the way we deliver - seiang new opportunilles and offerfng experlences in different spaces. diff erent venues and in smaller groups ensuring confldence. Irust and safety- but still with the element of funl We have embraced technology, ulilising Idlicrosoft Team5 and Zoom to keep ovr staff together wh1151 working from home or in different spaces, ensuring that ovr members hove Ihe opportwity lo loln In wlth activmies even when vnrt)le lo be wtth their frlends In the physlcol space,

Annuol Report 202012021 Soclal Llfe Opportunltles SOLO Positive + HANDS FACE SPACE Handsface space Where we are in thal same physlcal space, whether it be the office or a project space, or supported living house, we hove been grateful for PPE equipment for lesting klts, for masks, aprons, gloves, for hand sanitiser and the like which h05 enaE)led us to carry on, safe In the kno￿edge thal we are keeplng ourselves and others safe. We have conllnued lo support those who wish to I￿e independently, taklng on a Ihird Supportad Livlng house and strenglhening ourstoff teams. TakSng on new premises wrlh exlra space to dellver more Daytime servlces meant more rlsk assessments and health & safely checks, as well as more creotlvtly. Now, w￿h a confirmed extension for a further three years, we can toke Ihat crea1rve flalr even further to make a vlbrant space for our members at Dayllght North. Thls means Ih(rt Daoighl SoLrth can contir￿e at the Flre Stalion, whilst WalnLrt Close can contlnue to house the Evolve project.

Annuol Report 202012021 Social Life Opportunities COVID Negatlve There are a￿/0￿3 challenges and the COVID curved ball has been one on its own. Fundralsed Income has taken a hit Ihlsyear. where we have not been able to attend or hold physlcal events in Ihe vsvol way. However. where direct COVID support has been available. thishas been sourced and commvnlly partner5 have Stepped In to help both In temisof fiJnding and "hands-on" activltywhere P05slble. Indeed. some of our office team members are rfslng to the challenge and "stepplng out" lo ralse awarene55 and funds. Volunleerfng on activtties has, necesKirlly, had lo lake a bock seal thlsyear because of Ilmltatlons on space ond numbers. However. as restrictions ease. we hope to be able to gradually redress Ihis for Ihe summer aclivitie& Our evenSng soclal acllvltles- the drop-lns. the dlscos. where folk could meet In a supported space wilh their frfends and generaly have a good tlme together- these have been missSng and althoughwe have lrfed to re￿icate the experfence wlth zoom, we know that11 Is not Ihe same. We ore social beings, so lack of sociali5ation has been one of the hardest challenge5 lo meet thi5year. Coming togelherto enjoy o shared experience and inter-actingwith each olher hos been very different and has impacted on staff and member5 alike. Self-i501ation, shielding ond feor of the unknown have brovghl their ovffl challenge5 for relvming to the workplace or social activity. Mental heallh and wellbelng have been furtherlmpacted wtlh Ihe passfng of time and negolialing the newlerrain. What seemed like a hurdle to overcome at the beglnnlng of the pandemic has now morphed inlo somelhlng more challenglng for some who are finding il hard lo cope. We have recognised this need and laking stepsto address.

Annuol Report 202012021 Soclal Llfe Opportunltles SOLO'S Strategy 2021 + SOLO'S Roadmap SOLO'S Roadmap is its Strategy- how have we created It and adaptedto Pandemlc restrlctlons Revlew/Rellect We are reviewing with our teams to reflect on howwe deliver services Refresh We have refreshed some services by linking groups togetherand may deliver things slightly differently in the future if appropriate using learning from Pandemic Restore We are looking at ways of restoring and replenishing our funding sources so that we can continue to go forward Revltallse We want to revitalise our services to members. to make them even better

Annuol Report 202012021 Soclal Llfe Opportunltles SOLO'S Strategy 2021 + SOLO Pandemic Strategy2021-2022 Revlew, Refresh, Restore Services Grow bock to prfrCOVD levels Ensure quallty of servicesond greal outcomes ond development for Members1se￿ce users strategic Te￿ewof Se￿Ice5- chlldren's and advlts Be reody for children's se￿ceS lender Tronsltlon se￿ceS Flnance Malnlaln ftnanclal slabillty for future sustolnabnity Increase income Increase reseros Increase fundraS4ng Compllance Ensure SOLO Is a￿ayS compttanl In all areas Markellng Ensure SOLO'S Se￿CeS are reachlng potential customer5 and reflecl Ihe Se￿CeS SOLO offers VolunleeTrlSlaff Relnslate existing volunleers as need artses Recruit new vdunteerslo supportre*merging serboces Invest in slaff training to ensure Ihey ore equipped for their roles io

Annuol Report 202012021 Social Life Opportunities How does SOLO empower Adults with Learning Disabilities? P•rsonal As515tant 5•rvlc• Dayllghl PIV5 Dayllghl A•￿ Èvery w•etsW. twwi [% a A lollor.rnade seTvlce whlch corelvlty malches Peryo￿l hs5151or$15 lo ¢lb•ni5. every w•et¢SJy. Dotrwi Pk yowJes ocNtkns l< Ih05• o snK••r wp. cts)te lThJep•na•Dce. kn o SOLO Cholr Funky Frldays Nlghlclub Wat•rloo Dlsco A tsti14bni 0ppty1u￿fy loi ¢Jry who Ilkes to yng. every •v•nlrg aL￿n9 i•m) lkntr. Ari j6+ t¥try Irtond ond l¢xrlh Frfday ot th• A sJWk]r 01￿ t¥u>y als¢0 hel) •v•ry We¢Jn•w •V•filng oi Nlght Qwl & Thursday Cr•w Ev¢)Iv• Ov•mlghl 8r•oks eekry socirj cbJDS on Morbo Tfwrsaoy eVe￿r￿a$, wnere memoen meel Ihetr lrfends and •nJtsy Ihe itt¢mÈd OCllvJlleS. A person<en￿O sJWkne woieci svpporlkn9 00￿15 wilh ¢orryex e¢JS. RuMknJ MoTh]y lo FthJy X) w¢et3 PW y•¢J. e otter o v¢xeiy ol nl*its out. eekÈnd ill￿ ontt noHOOy Dreoks tnol knvcdve on oppNlvNty 1¢ 50ckthsè wlm Ideiias. li

Annuol Report 202012021 Social Life Opportunities How does SOLO empower Children wlth Learning Disabilities? Playsch•m• Hollday Acllvltl•s Adv•nlvr• Playground Idw ol Mert>•n Polk fry hoc4 years 24 gl¥kng ￿ chU(•n o c￿ce 10 energtsMc( S¢thJrday Sup•r Frf•nds Mi¥•0 Ivn ocllwllles ¢ind oukn95 for Ihow kn scw ￿(￿5 44. A waI￿1Y ol i¢iitrea. sHm￿o￿A9 on¢ cweotlve O¢11￿￿3 Ic CThlfJwn In school y•1 I to ioke p(wl In Ivn lem coochln9. Saiuidoy ollemooni A weety OPPthiNty Ic yeot% I fo 13 ¢)n o Soluf mcthg wllh Sc41￿1 Mo provhJFng c¢Jochty ond lts)I A¢¢•ss All Ar•as For•5t 04k Aft•r School Club Hollday g¢llvlN Er￿blIng IM05e In yerys I to l J ettidren to eh￿V te 5kollryJ. len mlrrf4 ona mcye. A mLxed ac1￿1￿ yogrornme f sctto￿ ye015 24. E*xh rjoy pro￿￿e$ eA¢llho. Ivn OC11￿lIeS. ionglng from cookery arwJ ￿0111. lo wi seJYorY4 ond IrfP5 oul. ye¢ys 34 ol fofesl Ook Sthcd. A mLYea FVO￿arnrne ol kn¢JW <Y)10W O¢llvhle5 10

Annuol Report 202012021 Social Life Opportunities How does SOLO empower Adults and Young People with Learning Disabilities? Supported Living For those who wlsh lo bronch oul and live independently, SOLO currently has three properties where young people with a variety of need are oble to live independently and socSalise in a fun-filled environment. A leam of dedlcaled, well-trained staff ensures the right level of 2417 support, wlth a person-centred support plan tailored for each individual to glve cholce and control over all aspects of their lives.

Annuol Report 202012021 Social Llfe Opportunltles SOLO'S Funding and Fundralsing Funding and Fundraising Wllh no professional fundralsers Involved, SOLO Is gulded by the Charftles IProtectlon and Social Inveslmenll Act 2016 and CC20 Charity Fundraising: a guide to trustee dLrtles. No complalnls have been recelved In Ihis reportlng perfod and no dlrect marketiro takes place. A fundraising log is kept, and funding bids are managed and monitored for spend so that reports can be made to funders. This year has unfortunatre￿ seen direct fundraising efforts grind to a halt, with planned events having to be cancelled or postponed due to Ihe COVID situation. However, we have been most graleful for the understanding of those funders who have recognised Ihe circumstances and aligned their support accordingly. In addStion, we have recelved direct COVlD-related 5UPPOrt ffom SMBC and other sources whlch has helped to ease the situatlon. Our communtty partners loo have rfsen to the chollenge and supported us where P055lble, both In temisof direct donalions and hands-on help. Our volunteerlng opportunlties have necessarfly been severely curtalled Ihls year, Includlng the fundralsSng group, but we hope to redress the bolance as we look at the way ahead to support our members and Iheirfamilles. A total of £31.7&813yxr. £60,993) wa5 ra15ed overall to help SOLO empower people to lead Independent lives. 14

Annual Report 2020/2021

Trustee Board

Activities

The organisation is constituted under its Memorandum and Articles of Association, amended in 2014. SoLO’s Board of Trustees has ultimate responsibility for the governance and strategic direction of the charity and to ensure that the provision offered by SoLO benefits the public, with Learning and other associated disabilities, who receive those services. It aims to ensure that SoLO adheres to its objectives and values and is compliant as required by statutory regulatory bodies. To achieve this the Board receives and reviews the Financial Accounts, Risk Register and Performance Reports quarterly and has sight of the Management Accounts monthly. At its monthly Board meeting It is updated on all areas of SoLO’s operation through report mechanism and the CEO is responsible for sharing areas of concern with the Board from incidents or complaints, highlighting areas of good practice through compliments. The Board is not risk averse in its approach to considering new opportunities to support its members. It considers the risks carefully and requires risks taken to be managed appropriately. SoLO’s trustees are all volunteers.

Trustees

SoLO’s Memorandum and Articles allow for up to 12 trustees and the aim is to ensure a diversity of skills, experience and people using an audit tool to achieve this balance. New trustees are elected on to the Board by existing Trustees. The current board skills include finance, health, care, carer experience, strategic management, risk management and IT. The Trustee Board uses its networks to bring in pro-bono support. The Voice Ambassador attends the Trustee Board to represent the voice of SoLO members and the perspective of a person with Learning Disabilities. The Chief Executive Officer is responsible for operational delivery of the Board’s strategic objectives. The CEO meets with the Chair monthly or more as required. Staff attend Board meetings as required, to contribute and report specifically on their areas of work. An annual Board workplan ensures all aspects of the Board’s work is covered throughout the year and this includes a robust approach to policy reviews. SoLO trustees also have a programme of internal control reviews in addition to the annual audit. Trustees meet regularly independent of the monthly Board meeting for review and development.

Induction of Trustees

Trustees take part in the SoLO induction process and their specific responsibilities are covered as well. They are equipped with information about their role – expectations and requirements. They are encouraged to visit projects through the year to meet with staff and members and see first-hand the product of SoLO’s operational delivery and join appropriate SoLO training.

Remuneration

The board is responsible for reviewing remuneration for staff on an annual basis They use a review matrix to scan the environment, benchmark salaries against the market and the financial position of the organisation.

Public benefit

In developing and undertaking the charity’s activities, the Trustees have had due regard to the guidance published by the Charity Commission on public benefit.

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Annual Report 2020/2021

Financial Review

Going Concern

Due to the global pandemic of the novel Coronavirus disease, called COVID-19, the British Government imposed a nationwide lockdown from 23 March 2020 to help slow the spread of the virus. As a result, economic uncertainties have arisen throughout the British economy and beyond. Having reviewed the financial forecast through to July 2022, the Board are satisfied that the charity can continue to provide its services during this uncertain period.

Net Income

In line with the reduced income and SoLO regular reviewing of expenditure, has resulted in an operational surplus of £8,490.

Incoming resources

Income from Fundraising events has fallen by 48% from the previous year’s income.

Incoming resources from charitable activities include income from local authority grants and service level agreements together with the JRS grant funding. The income also includes payments made by our members in respect of certain services, these payments being funded from the members’ individual personal budgets.

Resources expended

Charitable activities cost of £2,176,808 relate principally to the cost of running our 34 activities and increased provision of Supported Living for the benefit of our members. They also included the depreciation, rent and other costs associated with our buildings.

Assets

The net book value of fixed assets has decreased by £28,347 due to depreciation. There has been no new investment during the year.

Funds and reserves

Restricted funds consist of income received which can be used only for the purposes stated by the donor. At the year-end SoLO had balances on restricted funds amounting to £48,777 all of which relate to expenditure on fixed assets and equals the net book value of these assets.

Designated funds are unrestricted funds which the Trustees have set aside for particular purposes. At the year-end SoLO had balances on these funds of £9,742 which relates to expenditure on fixed assets financed by our reserves. The balance equals the net book value of these assets.

General funds or reserves amount to £529,364 The Trustees reviewed the reserves policy during the year and hold reserves to fund:

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Annual Report 2020/2021

The Trustee policy is to aim to hold liquid reserves equivalent to between 4 and 6 months of future costs, excluding depreciation. This would be in the region of between £400k - £600k. Currently the actual figure is £313,029 and work is continuing to build the reserves. As part of the strategic development of the charity, the reserves policy will be revisited in the next financial year.

Investment policy

The prime objective of the Trustees to safeguard the value of the charity’s assets and a secondary objective is to earn best interest on cash deposits.

All material funds of the charity, except for reserves, are expendable within twelve months of receipt. The policy for investment is to retain funds as cash and place them on deposit, with a number of financial institutions, on notice terms of up to 120 days.

Risks

The Trustees have identified, through the risk management process, the following key risks and have identified mitigating actions to address:

identified mitigating actions to address:
Risk Mitigatingactions
We may not be able to
increase our reserves in the
financial year which will
impact
on
the
future
development of the
organisation.		 This remains a static risk as withdrawal of social care funding
whilst not in budget will have an overall negative on general
reserves position. Mitigating actions will include seeking new
funding sources to increase sustainability.
Services may not bring in
income predicted.		 Some services still adversely affected by COVID-19 – reduced
service or service still paused.
Minimum wage increase will
impact on project costs and
recruitment for 2021/22		 Budgets prepared with all viable options for staffing costs as
well as increasing subscription costs to counter this increase.
Corona virus implications will
continue to disrupt services,
staff absences,fundraising
activities and opportunities
and affect income		 Reduced staffing structure, COVID risk assessment and
protocols in place. Service gradually being returned in keeping
with COVID restrictions and guidelines.

These and other risks are reviewed on a quarterly basis at the Trustee Board and mitigating actions are considered to determine their proportionality and effectiveness. Risks are monitored regularly, and new risks are added when they arise, through the Senior Leadership Team process. The corporate risk register is the vehicle used to ensure risks are managed and trustees are assured.

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Annual Report 2020/2021

Statement of Trustees’ Responsibilities

The Trustees, as Directors of SoLO, are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

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

In so far as the Trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved and signed on behalf of the Trustees by:

Jan Prior (Chair) Date 21 July 2021

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Annual Report 2020/2021

Independent Auditors Report

SOCIAL LIFE OPPORTUNITIES (SOLO)

Opinion

We have audited the financial statements of Social Life Opportunities (SOLO) (the ‘charitable company’) for the year ended 31 March 2021 which comprise Statement of Financial Activities, Balance Sheet, Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis of our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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Annual Report 2020/2021

Independent Auditors Report

SOCIAL LIFE OPPORTUNITIES (SOLO)

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intent to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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Annual Report 2020/2021

Independent Auditors Report

SOCIAL LIFE OPPORTUNITIES (SOLO)

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinion we have formed.

Helen Blundell LLB, FCA, FCIE, DChA (Senior Statutory Auditor)

For and on behalf of MHA MacIntyre Hudson (Statutory Auditor) Birmingham, United Kingdom

Date: 18 August 2021

21

Annual Report 2020/2021

Statement of Financial Activities for year ended 31 March 2021

Note Unrestricted
Funds		 Restricted
Funds
Total
Funds		 Total
Funds
2021 2021 2021 2020
£ £ £ £
Income from:
Donations 2 31,768 31,768
60,993
Charitable Activities 3 1,580,942
563,675
2,144,617
2,237,553
Other Trading Activities 4 13,400
-
13,400
50,825
Investment 1,202
-
1,202
1,220
Total Income 1,627,312
563,675		 2,190,987 2,350,591
Expenditure on:
Raising Funds 5 5,689
-
5,689
6,693
Charitable Activities 6 1,595,877
580,931
2,176,808
2,409,512
Total Expenditure 1,601,566
580,931
2,182,497
2,416,205
Net Income / (expenditure) and net
movement of funds 25,746 (17,256)
8,490		 (65,614)
Reconciliation of Funds:
Total funds Brought Forward - at 1st April 2020 513,360
66,033
579,393
645,007
Total FundsCarried Forward - at31st March 2021 539,106 48,777 587,883 579,393
All Income and expenditure derives from continuing activities

22

Annual Report 2020/2021

Balance Sheet as at 31 March 2021

Registered Number 5025939 Registered Number 5025939 Registered Number 5025939 Registered Number 5025939
Note 2021 2020
£ £ £ £
Fixed Assets
Tangible assets
11		 294,618 322,965
Current assets
Debtors
12		 173,974 240,506
Cash at bank and on hand
13		 379,535 237,358
Total Current Assets 553,509 477,864
Creditors: amounts falling
due within one year
14 (260,244) (221,436)
Net current assets 293,265 256,428
Net assets 587,883 579,393
Funds
16
Restricted funds 48,777 66,033
Unrestricted funds - Designated funds 9,742 28,527
Unrestricted funds - General funds 529,364 484,833
Total funds 587,883 579,393

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements were approved by the Trustees and signed on their behalf by:

Jan Prior, 21 July 2021 Chair

Jon Prior, 21 July 2021

Treasurer

23

Annual Report 2020/2021

Statement of Cash Flow as at 31 March 2021

Statement of Cash Flows 2021
2020
£
£
Cash flow from operating activities 140,975
8,167
Net cash flow from operating activities 140,975
8,167
Cash flow from investing activities
Payments to acquire tangible fixed assets (49,419)
Interest Received
1,202
1,220
Net Cash flow from investing activities 1,202
(48,199)
Cash flow from financing activities
Repayment of concessionary loans -
(16,250)
Net Cash flow from financing activities -
(16,250)
Net (decrease) / increase in cash and cash equivalents 142,177
(56,282)
Cash and cash equivalents at 1st April 2020 237,358
293,640
Cash and cash equivalents at 31st March 2021 379,535
237,358
Cash and cash equivalents consists of:
Cash at bank and in hand 150,138
171,560
Short term deposits 229,397
65,798
Cash and cash equivalents at 31st March 2021 379,535
237,358

24

Annual Report 2020/2021

Notes to the Financial Statements

1. Summary of Significant Accounting Policies

1.1 Basis of preparation of financial statements and general information

SoLO Life Opportunities is a charitable company limited by guarantee incorporated and is also a registered charity in England and Wales. The registered office is 38 Walnut Close, Chelmsley Wood, Birmingham, B37 7PU. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office and details of the charity’s operations are included in the trustees’ report.

The charity constitutes a public benefit as defined by FRS102. The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice. The functional currency of the charity is sterling and the figures have been rounded to the nearest pound sign.

1.2 Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the charitable objectives of the charity. Designated funds are unrestricted funds which the Trustees have designated for a particular project or purpose. The policy for determining each designated fund is set out in the notes to the financial statements. Restricted funds are funds subject to specific restrictions imposed by donors or funds which have been raised by the charity for specific purposes. The purpose and use of each restricted fund is set out in the notes to the financial statements.

1.3 Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and that amount can be measured reliably and it is probable that the income will be received. The following policies are applied to specific categories of income.

(a) Voluntary income received by way of donations is included in the Statement of Financial Activities when receivable

(b) Interest is included when receivable

(c) Incoming resources from grants and contracts which are related to performance and specific deliverables are included in the Statement of Financial Activities as the charity earns the right to the income by its performance. Grant income received during the year that relates to a subsequent financial period is carried forward as a creditor in the balance sheet and shown as deferred grant income

(d) Donated services or equipment are included in the Statement of Financial Activities at their fair value where the economic benefit is probable, it can be measured reliably, and the charity has control over the item. Fair value is the price the charity estimates it would pay in the open market for such services or equipment. The equivalent amount is recognised as expenditure in the Statement of Financial Activities or is capitalised as a fixed asset

(e) The value of services provided by volunteers, including trustees, has not been included in line with the SORP (FRS102)

25

Annual Report 2020/2021

1.4 Resources expended

Expenditure is recognised on an accrual’s basis. Resources expended include attributable VAT which cannot be recovered. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

Charitable expenditure comprises these costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs which can be allocated directly to such activities and those costs of an indirect nature required to support them. Support costs include office costs, governance costs and administrative payroll costs. Supports costs have been allocated to activities in the ratio of direct salaries.

1.5 Pension Contributions

The charity operates a defined contribution pension’s scheme. The assets of the scheme are held separately from those of the charity in an independent administered fund. Contributions are expensed as they become payable.

1.6 Fixed assets and depreciation

Asset additions costing less than £1,000 are not capitalised.

Tangible fixed assets are held at cost less accumulated depreciation and impairment losses. Depreciation is provided at rates calculated:

IT equipment over the period of 3 years Freehold Purchase over the period of 50 years Leasehold improvements over the period of the lease Fixtures and fittings over periods between 3 and 5 years Motor vehicles over 7 years

1.7 Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.8 Concessionary loans

Concessionary loans include receivables / payable to a third party which are interest free or below the market interest rates and are made to advance charitable purposes. The loan is measured at a cost less impairment.

1.9 Operating leases

Payments under operating leases are charged to the statement of financial activities on a straight-line basis over the period of the lease.

26

Annual Report 2020/2021

1.10 Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

This consideration has taken into accounts the continued expected impact of Covid-19 on the Charity, as far as it can be determined, and the Trustees remain satisfied that the going concern principle remains appropriate.

1.11 Judgement and key sources of estimation uncertainty

The following judgements have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements. Donations in kind – a judgement has been made as to the fair value of donations in kind, based on an understanding of the local market for these items/s.

Depreciation rates – a judgement has been made as to the estimated useful life of assets and, therefore, the rate of depreciation. The estimate is made based on best practice and knowledge of the usage of such assets in the charity.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustments to the carrying amounts of assets and liabilities within the new financial year.

1.12 Financial Instruments

The Charity holds only basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows:

Debtors – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 12. Prepaid expenses are not financial instruments.

Liabilities – concessionary loans, trade creditors, accruals and other creditors will be classified as financial instruments and are measured at amortised cost as detailed in Note 14. Taxation and social security are not included in the financial instruments’ disclosure. Deferred income is not deemed to be a financial liability, as in the cash settlement has already taken place and there is simply an obligation to deliver charitable s rather than cash or another financial instrument.

1.13 Government Grants Accounts policy

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet.

Where income is received in advance of meeting any performance related conditions there is not unconditional entitlement to the income and its recognition is deferred and included in creditors as deferred income until the performance-related conditions are met. Where entitlement occurs before income is received, the income is accrued.

27

Annual Report 2020/2021

2 Donations and Legacies

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |£|£| |-|-| |Grants and Donations for Extension/Refurbishments of Properties| |Other Donations and Legacies|31,768|60,993| |31,768|60,993|

----- End of picture text -----

The charity also benefited from a donation in kind by way of temporary waiver of our rental obligations for our supported living throughout the year equating to £37,660.80

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |3|Income from charitable activities| |Funds|Funds|Funds|Funds| |2021|2021|2021|2020| |Grants and service level agreements|£|£|£|£| |Solihull MBC Children's Services|280,912|-|280,912|259,316| |-|-| |Solihull MBC Covid Support|35,589|35,589| |-| |Solihull Clinical Commissioning Group|15,000|15,000|62,000| |Children In Need|-|22,815|22,815|33,386| |-|-|-| |1:1 Support|7,953| |Eveson Trust|8,762|8,762|7,000| |-| |YIF/YAS Funding|177,522|177,522|205,250| |JRS Grant|-|358,338|358,338|-| |Screwfix|5,000|5,000| |Total grants and service level agreements|340,263|563,675|903,938|574,905| |Service User Income|1,240,679|-|1,240,679|1,662,648| |Total Income from Charitable Activities|1,580,942|563,675|2,144,617|2,237,553|

----- End of picture text -----

4 Other Trading Activities

During the year The Charity received funds from Fundraising Events £NIL (2020: £12,972) as well as funds generated from Letting of Premises £13,400 (2020: £37,853)

5 Cost of raising funds - Unrestricted

----- Start of picture text -----
|||| |---|---|---| |Cost of raising funds - Unrestricted|2021|2020| |£|£| |Salary Costs|4,287|4,585| |Other Direct Costs|183|1,008| |Support Costs (note 7)|1,219|1,100| |5,689|6,693|

----- End of picture text -----

28

Annual Report 2020/2021

6
Cost of charitable activities
Adult's
Services
Children's
Services
Independent
Living
Total
Total		 6
Cost of charitable activities
Adult's
Services
Children's
Services
Independent
Living
Total
Total		 6
Cost of charitable activities
Adult's
Services
Children's
Services
Independent
Living
Total
Total
2021
2021
2021
2021
2020
£
£
£
£
£
Salaries 101,187
128,721
75,899
305,807
481,558
Sessional Staff 481,927
245,168
483,577
1,210,672
1,132,452
Premises 21,650
12,210
10,355
44,215
80,942
Member Activities 17,564
150,978
10,490
179,032
285,937
Transport of Members
817
825
494
2,136
13,528
Staff and Volunteer Training
-
-
-
-
16
Volunteer Expenses
5
547
-
552
2,123
Bad Debt -
-
-
-
6,080
Depreciation 10,417
3,473
-
13,890
12,688
Support Costs(note 7)
161,673
103,683
155,148
420,504
394,188
795,240
645,605
735,963
2,176,808
2,409,512

Cost of restricted charitable activities £580,931 (2020: £303,419) and cost of unrestricted charitable activities £1,595,877 (2020: £2,106,093).

7
Support Costs		 2021
2020
£
£
Salaries 196,024
208,689
Legal Fees 13,800
2,817
Premises Costs 46,559
21,487
Insurance 8,305
5,932
Staff Costs 27,127
29,213
Communication Costs 16,725
10,083
Computer Costs 21,880
25,236
Publicity Costs 10,695
6,553
Depreciation 14,457
12,346
Training Costs 5,944
8,299
Auditor's remuneration - Governance Cost 14,120
7,835
Trustee Meetings - Governance Cost -
22
Other Office Costs 44,868
55,676
Cost ofgeneratingfunds 1,219
1,100
421,723
395,288
Support costs have been allocated to activities in the ratio
of direct salaries as follows		 2021
2020
Cost of generating funds (note 5) 1,219
1,100
Cost of charitable activities - Adults (note 6) 161,673
192,043
- Children's (note 6) 103,683
71,295
- Independent Living (note 6) 155,148
130,850
421,723
395,288

29

Annual Report
2020/2021		 Annual Report
2020/2021
8
Net		 expenditure 2021 2020
This is stated after charging £ £
Depreciation of tangible fixed assets (note 11) 28,347
25,034
Auditor's remuneration 10,200
7,835
Operating Lease Cost 23,955
23,955
9
Staff Costs		 2021 2020
Staff costs were £ £
Salaries 1,616,341
1,720,550
Social security costs 104,245
108,569
Pension 23,903
23,817
1,744,489
1,852,936

The charity employed on average 234 staff (2020: 254) of whom 97 (2020: 98) were employed on a sessional part time basis.

The charity operates the auto enrolment pension scheme and makes the minimum contribution of 3% (2020: 3%) to this scheme, there are 101 employees (2020: 116) within the scheme.

No employee received remuneration amounting to more than £60,000 in either year.

The pensions costs charge represents contributions payable by the charity to the fund and amounted to £23,903 (2020: £23,817) Contributions totalling £10,862 (2020: £11,543) were payable to the fund at the balance sheet date and are included in creditors.

10 Trustee and Key Management personnel remuneration and expense

No trustee received any remuneration during either year.

During the year 0 trustee (2020: 1) was reimbursed for out-of-pocket expenses. £NIL (2020: £22).

Related Trustee Party Transactions include: 1 trustee son received support through the choir project a voluntary project with no member contribution required.

The charity purchased trustee indemnity insurance at a cost of £996 (2020: £921) included in governance costs. The total amount of employee benefits paid to Key management personnel were £206,158 (2020: £159,094) for the year. Key management personnel are those persons having authority and responsibility for planning, directing, and controlling the activities of the entity, directly or indirectly, including any directors (whether executive or otherwise) of the entity. Related Employee Party Transactions £NIL (2020: P Burnham, Senior Manager, Partner Gross Salary £278 for working as a Personal Assistant)

30

Annual Report
2020/2021
11
Tangible Fixed Assets
IT
Equipment
Freehold
Property
Leasehold
Improvements
Fixtures
and
Fittings		 Motor
Vehicle
Total
Cost £
£
£
£		 £
£
At 1st April 2020 68,006
335,604
99,085
89,856		 42,000
634,551
Capital expenditure for theyear-
-
-
-		 -
-
At 31st March 2021 68,006
335,604
99,085
89,856		 42,000
634,551
Depreciation
At 1st April 2020 27,193
60,663
98,927
82,803		 42,000
311,586
Charge for theyear 18,786
6,021
158
3,382		 -
28,347
At 31st March 2021 45,979
66,684
99,085
86,185		 42,000
339,933
Net Book Value
At 31st March 2021 22,027
268,920
-
3,671		 -
294,618
At 31st March 2020 40,813
274,941
158
7,053		 -
322,965
12
Debtors		 2021
2020
£
£
Trade Debtors 131,200
195,170
Prepaid expenses 19,185
23,567
Other Debtors 23,589
21,769
173,974
240,506
13
Cash at bank and on hand		 2021
2020
£
£
Bank deposit accounts 148,872
166,840
Bank current accounts 229,397
65,798
Cash 1,266
4,720
379,535
237,358
14
Creditors: amounts falling due within one year		 2021
2020
£
£
15,691
26,104
119,807
32,348
19,611
48,504
13,386
13,827
91,749
100,653
260,244
221,436
Trade creditors
Taxation and social security
Deferred income
Other creditors (charge card/pension)
Accruals 91,749
100,653
Total current liabilities 260,244
221,436

During the year, a Time to Pay arrangement was reached with HMRC to pay PAYE and NI deductions totalling £129,905 over eighteen months. At 31st March 2021 the amount outstanding was £94,535.

31

Annual Report
2020/2021
Deferred Income 2021
2020
£
£
Deferred Income as 1st April 2020
48,504
42,729
Amount released from previous year
(38,112)
(35,567)
Incomingresources deferred in theyear
9,219
41,342
Deferred Income as 31st March 2021 - which relates to grants which are for
21/22
19,611
48,504
15
Statement of fund movements
1st April
2020
Incoming
resources
Resources
expended
At 31st
March
2021
£
£
£
£
General Funds 484,833
1,627,312
1,582,781
529,364
Designated Funds
Restructuring -
-
-
-
Fixed Assets 28,527
-
18,785
9,742
Total Unrestricted Funds 513,360
1,627,312
1,601,566
539,106
Restricted Funds
Fixed Assets* 58,339
-
9,562
48,777
Screw Fix -
5,000
5,000
-
Children In Need -
22,815
22,815
-
JRS Grant -
358,338
358,338
-
YIF/YAS Funding 7,694
177,522
185,216
-
Total Restricted Funds 66,033
563,675
580,931
48,777
Total Funds 579,393
2,190,987
2,182,497
587,883

* The fixed asset fund represents the Net Book Value of assets purchased with restricted funds.

32

Annual Report
2020/2021
Incoming
resources
Resources
expended
At 31st
March 2020
£
£
£
2,057,955
2,098,535
484,833
-
-
-
-
14,251
28,527
2,057,955
2,112,786
513,360
-
10,783
58,339
7,000
7,000
-
33,386
33,386
-
47,000
47,000
-
205,250
205,250
7,694
292,636
303,419
66,033
2,350,591
2,416,205
579,393
Restricted
Funds
Total
Funds
Total
Funds
2021
2021
2020
£
£
£
48,777
294,618
322,965
-
293,265
256,428
48,777
587,883
579,393
Restricted
Funds
Total
Funds
Total
Funds
2020
2020
2019
£
£
£
66,033
322,965
298,580
-
256,428
346,427
66,033
579,393
645,007
Office
Equipment
Land and
Buildings
15a
Prior Year Statement of fund movements-
2019/20		 At 1st April
2019
£
General Funds 525,413
 2,057,955
2,098,535
484,833
Designated Funds
Restructuring - -
-
-
Fixed Assets 42,778 -
14,251
28,527
Total Unrestricted Funds 568,191
 2,057,955
2,112,786
513,360
Restricted Funds
Fixed Assets * 69,122 -
10,783
58,339
Eveson Trust - 7,000
7,000
-
Children In Need - 33,386
33,386
-
Solihull CCG - Project B - 47,000
47,000
-
YIF/YAS Funding 7,694
 205,250
205,250
7,694
Total Restricted Funds 76,816
 292,636
303,419
66,033
Total Funds 645,007
 2,350,591
2,416,205
579,393
16
Analysis of net assets between funds		 Unrestricted
Funds
2021 2021
2021
2020
£ £
£
£
Tangible fixed assets 245,841 48,777
294,618
322,965
Net current assets 293,265 -
293,265
256,428
Net Assets 539,106 48,777
587,883
579,393
16a
Prior Year Analysis of net assets
between funds 2019/20		 Unrestricted
Funds
2020 2020
2020
2019
£ £
£
£
Tangible fixed assets 256,932 66,033
322,965
298,580
Net current assets 256,428 -
256,428
346,427
Net Assets 513,360
17
Commitments
Operating Lease Commitments
2021
£
2020
£
2021
£
2020
£
956
955
23,000
23,000
-
956
23,000
46,000
-
-
-
-
956
1,911
46,000
69,000
In less than 1 year
Between 1 and 5 years
Over 5 Years
Total annual operating lease commitments

33

Annual Report 2020/2021

In addition to the leases disclosed above, the charity has three leases for property, which expire between 2028 and 2030, which provide supported living accommodation for service users. The service user occupants pay a rental to the charity. The terms of the lease provide that the monthly rent payable by the charity to the landlord is the rental received from the occupants less any sums payable for utilities, council tax and upkeep of the property or, in the event that this net income is negative, then £nil.

Capital Commitments

At the year-end there were capital commitments contracted for of £NIL (2020: £NIL).

18
Reconciliation of net (expenditure) / income to net cash flow from operating
activities
2021
2020
£
£		 18
Reconciliation of net (expenditure) / income to net cash flow from operating
activities
2021
2020
£
£		 18
Reconciliation of net (expenditure) / income to net cash flow from operating
activities
2021
2020
£
£		 18
Reconciliation of net (expenditure) / income to net cash flow from operating
activities
2021
2020
£
£
Net (expenditure) / income for 2020-2021 8,490
(65,614)
Interest Receivable (1,202)
(1,220)
Depreciation and impairment of tangible fixed assets 28,347
25,034
Increase in debtors 66,532
(33,494)
Increase in creditors 38,808
83,461
Net cash flow from operatingactivities 140,975
8,167
19
Analysis of changes in net debt		 At Start of
year
Cash Flows
Other
non-Cash
changes
At end of
year
£
£
£
£
237,358
12,272
129,905
379,535
-
35,370
(129,905)
(94,535)
237,358
47,642
-
285,000
At Start of
year
Cash Flows
Other
non-Cash
changes
At end of
year
£
£
£
£
293,640
(56,282)
-
237,358
(16,250)
16,250
-
-
277,390
(40,032)
-
237,358
Cash
HMRC Time to Payarrangement fallingdue within 1year
Total
19a
Prior Year Analysis of changes in net debt 2019/2020
Cash
Concessionary Loan falling due within 1year
Total

34

Annual Report 2020/2021

Company Information

Trustees

Jan Prior, Chair Jonathan Prior, Treasurer Paul Beech Andrew Gilyead Henry Griffiths Rehana Begum appointed May 2021

Company Secretary: Lesley Beer Chief Executive Officer: Karon Swinburn resigned March 2021 Lesley Beer appointed April 2021 Registered Office and 38 Walnut Close Operational Address: Chelmsley Wood Birmingham B37 7PU Telephone: 0121 779 3865 Email: info@sololifeopportunities.org Website: www.sociallifeopportunities.org Bankers: Lloyds Bank Solihull B91 3AN United Trust Bank Ltd London, SW1 4TE Shawbrook Bank Essex CM13 3BE Virgin Money Newcastle upon Tyne NE3 4PL Nationwide PO Box 3 5-11 St. George’s Street, Douglas, Isle of Man Auditor: MHA MacIntyre Hudson Rutland House 148 Edmund Street, Birmingham B3 2FD

SoLO Life Opportunities (SoLO)

changed to Social Life Opportunities (SoLO) April 2021, is a Company Limited by Guarantee Number 05025939 and a Registered Charity Number 1102297 The governing documents of the organisation are the Memorandum and Articles of Association which are available on www.sociallifeopportunities.org

35