2021-08-31-accounts

THE NR5 PROJECT (TRADING AS FUTURE PROJECTS) (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021

Trustees	Mr M Stonard, Chair
	Mr A Mavroudis
	Dr J Packman
	Ms S Whitaker
	Dr L Hallett
	Mr G J Nicholls
	Mr B Keane
	Mr A Reeder
Company registered number 04358690 Charity registered number 1103200 Registered office 168b Motum Road Norwich Norfolk NR5 8EG Management Mr D Childerhouse, Chief Executive Officer Mr M Chapman, Finance Manager Ms J Maclennan, Acting Head (from 01/06/20 to 01/01/21, and from 01/04/21 to 11/07/21) Ms R Hayward, Head Teacher (from 01/01/21 to 31/03/21) Ms D Edwards, Head Teacher (from 12/07/21) Mr A Morter, Operations Manager Chief executive officer Mr D Childerhouse Independent auditors Larking Gowen LLP Chartered Accountants King Street House 15 Upper King Street Norwich NR3 1RB Bankers HSBC 34 London Road North Lowestoft Suffolk NR32 1EW Solicitors Leathes Prior 23 Tombland Norwich Norfolk NR1 4DR

Page 1

30 May 2022

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
	Note	£	£	£	£
Incomefrom:
Donationsandlegacies	3	10,497	-	10,497	6,445
Charitableactivities	4	1,750,442	230,034	1,980,476	1,831, 750
Investments	6	36	—	36	396
Total income		1,760,975	230,034	1 ,991,009	1,838,591
Expenditure on:
Charitableactivities	7	1,762,733	212,206	1,974,939	1,776,507
Total expenditure		1,782,733	212,206	1,974,939	1,776,507
Net movement in funds		(1,758)	17,828	16,070.	62,084
Reconciliation of funds:
Totalfundsbroughtforward		295,691	63,588	359,279	297,195
Net movementinfunds		(1,758)	17,828	16,070	62,084
Total funds carried forward		293,933	81,416	375,349	359,279

			2021		2020
	Note
Fixed assets
Tangibleassets	11		356.200		354',547
Currentassets
Debtors	12	104,153		48,022
Cashatbankandinhand		325,087		363,493
		429,240		416,515
Creditors:amountsfallingduewithinone
year	1.3	(398,758)		(4 02,450)
Netcurrentassets			30.482		14,065
Total assets less current liabilities			386.682		368,612
Provisions for liabilities			(11.333)		(9,333)
Total net assets			375,349		359,279
Charity funds
Restrictedfunds	15		81.416		63,588
Unrestrictedfunds	15		293,933		295,691
Totalfunds			375,349		359,279

	Unrestricted	Restricted	Todd
	funds	funds	funds
	2021	2021	2021
	£	£	£
Radio	54,762	-	54,762
School	1,401,639	18,145	1,419,784
FutureSupport	291,329	211,889	503,213
GovernmentFunding-CoronavirusJobRetentionScheme	2,712	-	2,712
Total2021	1,750,442	230,034	1,980,476

	Unrestricted	Restricted	Total
	funds	funds	funds-
	2020	2020	2020
	£	£	£
Radio	50,448	1,700	52,148
School	1,235,369	14,025	1,249,394
FutureSupport	366,205	145,318	51 1,523
GovernmentFunding- CoronavirusJobRetentionScheme	18,685	-	18,685
Total2020	1,670,707	161,043	1,831,750

	Unrestricted	Restricted
	funds	funds	Total
	2021	2021	2021
	£	£	£
BigLotteryFundand ESFBuildingBetterOpportunities		130.400	130,400
BigLotteryFundandESFChances		74,748	74,748
PathwaysResettlement”	65,798		65,798
FutureSupportService! HenrySmithCharity	10,000		10,000
Wonderi-	30,769		30,769
CommunityActionNorfolk-SocialPrescription"	17,507		17,507
CommunityActionNorfolk- SocialIsolation"	64,158		64,158
PupilPremium			18,145
BigLotteryFundand ESFBuildingBetterOpportunities Mental Health Grant			(459)
NorwichFrenchChurch	1,000		1,000
VoluntaryNorfolk12thManRadio	2,500		2,500
PathwaysTenancy*	64,074		54,074
NCCTeacherPensionReliefGrant	15,033		15,033
HousingJustice			7,200
NorwichFreemansCharity	2,286		2,235
OfcomCommunityRadioFund	9,056		9,055
CoronavirusJobRetentionSchemeGrant	2,712		2,712
CoronavirusCatch UpPremium	1,920		1,920
AvivaMoney Matters	16,667		16,667
DeLazloFoundation	5,000		5,000
AnglianWater	4,913		4,913
DFE SummerSchool	2,028		2,028
	315,421	230,034	545,455

	Unrestricted	Restrfcted	Total
	funds	funds	funds
	2020	2020	2020
	£	£	£
BigLotteryFundand ESFBuildingBetterOpportunities—	-	121,811	121,811
CationGrove-BigLocalPartnership	14,516	-	14,516
PathwaysResettiement"	60,281	-	60,281
FutureSupportServiceIHenrySmithCharity	30,000	-	30,000
Wonder+	30,513	-	30,513
CommunityActionNorfolk_-_SocialPrescription"	30,673	-	30,673
CommunityActionNorfolk- Sociallsolation"	61,485	-	61,485
NatWestSkills_&_OpportunityFund	-	17,500	1_7,_500
PupilPremium	-	14,025	14,025
BigLotteryFundandESFBuildingBetterOpportunities
Mental HealthGrant	-	(3,993)	(3,993)
NorwichFrenchChurch	1,400	-	1,400
BetterTogetherRadioShow	-	1,700	1,700
PathwaysTenancy"	46,667	-	_46,_667
RedSockCharity	3,000	-	3,000
NCC TeacherPensionReliefGrant	12,205	-	12,205
NorwichCityCouncilWinterShelter	-	10,000	10,000
NorwichFree-mansCharity	13,714	-	13,714
CoronayirusJobRetentionSchemeGrant	18,685	-	18,685
701312020	323,139	161,043	484,182

		Unrestricted	Total
		funds	funds
		2021	2021
		£	£
Investment	income	36	36
		m

Unrestricted	Total
funds	funds
2020	2020
£	£
396	396-

	Expenditure
	on
	charitable	Total
	activities	funds
	2021	2021
	E	E
Radio	86, 976	86,976.
School	1,376,644	1,376,644
FutureSupport	511,319	511,319
	1,974,939	1,974,939
	Expenditure
	oncharitable	Total
	activities	funds
	2020	2020
	£	£
Radio	94, 719	94,719
School	1,177,164	1,177,164
FutureSupport	504,624	504,624
	‘i,776,507	1,776,507

				Future			Toad
		Radio	School	Support	Core	Costs	funds
		2021	2021	2021		2021	2021
		£	£	£		£	2
Staff		58,224	778,434	406,520	243,554		1,486,732
Depreciation		7,392	41,817	340		4,200	53,749
Premises		2,014	65,613	10,762	20,667		99,056
Fees		6,000	14,518	237	17,326		38,081
Officecosts		4,891	27,390	5,433		9,859	47,573
Marketing		765	50	196		15	1,026
Travelcosts		73	24,897	1.107		2	26,079
General		361	204,129	7,512		5,673	217,675
Equipmentandmaintenance		394	2,597	643		261	3,895
Financecosts		37	536	245		255	1,073
Allocationofcorecosts		6,825	216,663	78,324	(301,812)
		86,976	1,376,644	511,319		-	1,974,939
	m —		— ___	# ___	* ___		— w

			Future		Total
	Radio	School	Support	CoreCosts	funds
	202	2020	2020	2020	2020
	5	£	£	£	£
Staff	47,826	698,606	387,469	227,897	1,361,798
Depreciation	7,464	36,102	827	3,292	47,685
Premises	19,808	45,121	12,836	21,349	99,114
Fees	5,746	17,100	1,110	13,866	37,822
Officecosts	3,156	11,820	8,776	4,694	28,446
Marketing	249	-	45	1,863	2,157
Travelcosts	1,258	15,436	5,866	242	22,802
General	963	159,476	6,902	7,077	174,418
Equipmentandmaintenance	197	682	232	949	2,060
Financecosts	6	42	_11 _	146	205
Allocationofcorecosts	8,046	192,779	80,550	(281,375)	-
	94,719	1,177,164	504,624	-	1,776,507

	2021	2020
	£	13
Wagesandsalaries	1,190,472	1,132,324
Socialsecuritycosts	94,662	87,911
Pensioncosts	61,762	55,043
Other wagescosts	139,836	86,520
	1,486,732	1,361,798

	2021	2020
	No.	N0.
Employees	57	55
The averageheadcountexpressedasfull-timeequivalentswas:
	2021	2020
	No.	No.
Employedonprojects	42	34
Administration	6
	48	41

	Long-term
	leasehold	Motor	Fixtures and	Offce
	property	vehicles	fittings	equipment	Total
	£	£	£		£
Cost or valuation
At1 September 2020	646,453	10,995	177,210	35,373	870,031
Additions	30,343	400	23,404	1,255	55,402
At31August2021	676,796	11,395	200,614	36,628	925,433
Depreciation
At1 September2020	335,512	9,544	138,160	32,268	515,484
Chargefortheyear	32,756	371	18,837	1,785	53,749
At31August2021	368,268	9,915	156,997	34,053	569,233
Net book value
At31August2021	308,528	1,480	43,617	2,575	356,200
At31August2020	310,941	1,451	39,050	3, 105	354,547

	2021	2020
	£	£
Due within one year
Tradedebtors	42,494	6,351
Otherdebtors	5,482	5,482
Prepaymentsandaccruedincome	50,185	31,358
Taxrecoverable	5,992	4,831
	104,153	48,022

	2021	2020
	£	£
Tradecreditors	31,456	23,844
Othertaxationandsocialsecurity	26,134	19,817
Othercreditors	18,263	20,866
Accrualsanddeferredincome	322,905	337,923
	398,758	402,450
	2021	2020
	£	£
Deferredincomeat1 September2020	325,387	260,691
Resourcesdeferredduringtheyear	305,190	325,387
Amountsreleasedfrompreviousperiods	(325,387)	(260,691)
	305,190	325, 387

	Provisions
	5:
AHSeptember2020	9,333
Additions	2,000
	11.333

	Balance at 1			Balance at
	September			31August
	2020	Income	Expenditure	2021
	£	£	£	£
Unrestrictedfunds
GeneralFunds	295,691	1,760,975	(1.762,733)	293,933
Restrictedfunds
RadioMove	5,323	-	(5,323)	«-
BigLotteryandESFBuildingBetter
OpportunitiesGrant	17,008	130.400	(112,824)	34,584
Stuffhubs	7,732	-	(234)	7,498
YouthActionSocialFund	4,750	.-	-	4,750
BigLotteryFundandESFChances	-	74,748	(66,668)	8.080
TheBigLotteryFund:AwardsForAll-Lab
Equipment	765	(459)	(119)	207
NatWestSkills8 OpportunityFund	20,634	-	(8,845)	11,789
PupilPremium	-	18,145	(18,145)	-
BetterTogetherRadioShow	1,700	-	-	1,700
WinterShelter	5,656	7,200.	(48)	12,808
	63,588	230,034	(212,206)	81,416
Totaloffunds	359,279	1,991,009	(1,974,939)	375,349

		Balance at					Baiancea1	Baiancea1
	1	September				Transfers	31August
		2019		Income	Expenditure	in/out	2020
		£		£	£	£		£
Unrestricted funds
GeneralFunds		201,146		1,677,546	(1,633,273)	50,270	295,691
Restrictedfunds
RadioMove		11,431		-	(6,106)	-	5,	323
Radio		2,666		-	-	(2,868)		-
BigLotteryand ESFBuilding
BetterOpportunitiesGrant		7,546		121,611	(112,351)	-	17,006
Stuffhubs		6,172		-	(4'40)	-	7,732
Wonder+		12,948		-	-	(12,943)		-
YouthActionSocialFund		4,750		-	-	-	4,	750
BigLotteryFundand ESF
Chances		3,993		(3,993)	-	-		-
TheBigLotteryFund:Awards
ForAll_-_LabEquipment		1,602		-	(6317)	—		765
Pathways		26,269		-	-	(26,269)		-
NatWestSkills&Opportunity
Fund		3,643		17,500	(5,149)	4,440	20,634
NorwichFrenchChurchCharity		473		-	-	(473)		-
SocialIsolationandLoneliness-		7,266		-	-	(7,266)		-
SocialPrescription		3,090		-	-	(3,090)		-
PupilPremium		-		14,025	(14,025)	-		-
OfcomBusinessDevelopment		(226)		-	-	226		-
BetterTogetherRadioShow		-		1,700	-	-	1,	700
WinterShelter		-		10,000	(4,344)	-	5,	656
		96,049		161,043	(143,234)	(50,270)	63,566
Total of funds	___ #	297,195	—	1,636,591 “ —	(1,776,507) ___ —	- — —	359,279 — #

	Balance at 1			Balance at
	September			31August
	2020	Income	Expenditure	2021
	£	£	£	£
Generalfunds	295,691	1 ,760,975	(1 ,762,733)	293,933
Restrictedfunds	63,588	230,034	(212,206)	81,416
	359,279	1.991,009	(1,974,939)	375,349

	Balanceat				Balanceat
	1September			Transfers	31August
	2019	Income	Expenditure	in/out	2020
	£	£	£	£	£
Generalfunds	201,146	1,677,548	(1,633,273)	50,270	295,691
Restrictedfunds	96,049	161,043	(143,234)	(50,270)	63,588
	297,195	1,838,591	(1,776,507)	-	359,279

	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
	£	£	£
Tangiblefixedassets	345,596	10,604	356,200
Currentassets	347,967	81 ,273	429,240
Creditorsduewithinoneyear	(388,297)	(10,461)	(398,758)
Provisionsforliabilitiesandcharges	(11,333)	-	(11,333)
Total	293,933	81,416	375,349

	Unrestricted	Restricted	Total
	funds	funds	funds
	2020	20.20	2020
	£	£	£
Tangiblefxedassets	338,625	15,922	354,547
Currentassets	351,597	64,918	416,515
Creditorsduewithinoneyear	(385,198)	(17,252)	(402,450)
Provisionsforliabilitiesandcharges	(9,333)	-	(9,333)
Ttl	295,691	63,588	359,279

	2021	2020
	£	£
Netincomefortheyear(as perStatementofFinancialActivities)	16,070	62,084
Adjustmentsfor:
Depreciationcharges	53,749	47,685
(Increase)[decreaseindebtors	(56,131)	16,749
lncrease!(decrease)increditors	(3,692)	61,452
increase inprovisions	2,000	2,000
Net cash provided by operating activities	11,996-	189,970

2021	2020
£	£
325,087	368,493

	At 1
	September		At31
	2020	Cashfows	August 2021
	E	E	£
Cashatbankandinhand	368,493	(43,406)	325,087
	368,493	(43,406)	325,087

	2021	2020
	E	if
Notlaterthan1 year	22,519	22,519
Laterthan1 yearandnotlaterthan5'years	51,166	59,418
Laterthan5years	41,463	50,750
	115,168	132,687

	2021	2020
	£	£
Operatingleaserentals	26,350	27,1-14
Radio lease	-	16,667