##
## **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||
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```
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',54****_7_**|
|**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**|
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##
||**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**_-_**Coronavirus**Job**RetentionScheme**|2,712|**-**|2,712|
|**Total**2021|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- Coronavirus**Job**RetentionScheme**|18,685|**_-_**|18,685|
|**Total**2020|1,670,707|161,043|1,831,750|
##
##
##
##
||**Unrestricted**|**Restricted**||
|---|---|---|---|
||**funds**|**funds**|**Total**|
||**2021**|**2021**|**2021**|
||_£_|**£**|**£**|
|**BigLotteryFundand ESFBuildingBetterOpportunities**||**130.400**|**130,400**|
|**Big**Lottery**FundandESFChances**||**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_**|
||_£_|_£_|_£_|
|**BigLottery**Fund**and ESF**Building**BetterOpportunities—**|**-**|**_121,811_**|**_121,811_**|
|**CationGrove**_-_**BigLocalPartnership**|**_14,516_**|**-**|**_14,516_**|
|**PathwaysResettiement"**|**_60,281_**|**-**|**_60,281_**|
|**FutureSupportService**_I_**HenrySmithCharity**|**_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**|
|**70131****_2020_**|**_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_|
|**Equipment**_and_**maintenance**|_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_|
|**Wages**_and_**salaries**|_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**|
##
##
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##
||**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**|
##
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##
##
||_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 September**_2020_|_325,387_|_260,_**691**|
|**Resourcesdeferredduringtheyear**|_305,190_|_325,387_|
|**Amountsreleasedfrompreviousperiods**|_(325,387)_|_(260,691)_|
||_305,190_|_325, 387_|
##
||**Provisions**|
|---|---|
||**5:**|
|**AHSeptember**_2020_|_9,333_|
|**Additions**|_2,000_|
||_11.333_|
##
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##
||**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**||**1**_1,431_||**-**|**(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**||**_-_**|-|_(4_**73)**||_-_|
|**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**
**_—_**
**#**||
##
##
##
##
##
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||**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**|
|**Laterthan**5**years**|**41,463**|_50,750_|
||**115,168**|**132,687**|
||_2021_|_2020_|
|---|---|---|
||_£_|_£_|
|**Operatingleaserentals**|_26,350_|**27,1-14**|
|**Radio lease**|_-_|**16,667**|