CROSSROADS TENDRING & COLCHESTER LTD Charity Number: 1103860 Company Number: 5019338
TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
CROSSROADS TENDRING & COLCHESTER LTD
CONTENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees Annual Report | 2 - 3 |
| Independent Examiners Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Statement of Cash Flow | 7 |
| Notes to the financial statements | 8 - 11 |
CROSSROADS TENDRING & COLCHESTER LTD
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2022
| Charity number | 1103860 | |
|---|---|---|
| Company registration number | 05019338 | |
| Registered Office | Suite 3 Unit 3 Bosworth House | |
| High Street | ||
| Thorpe Le Soken | ||
| Essex | ||
| CO16 0EA | ||
| Trustees | David MacDonald (director & trustee) | |
| Edward Butlin (director & trustee) | ||
| Hugh Beavan (director & trustee) | ||
| Karoline Hlubek (director & trustee) | ||
| Noreen Stoker (director & trustee) | ||
| Valerie Pretty (director & trustee) | ||
| Darren Wardle (director & trustee) | (Appointed March 2022) | |
| Company Secretary | Dawn Breame | |
| Chairman | Valerie Pretty | |
| Accountants | Community360 | |
| Winsley's House | ||
| High Street | ||
| Colchester | ||
| Essex | ||
| CO1 1UG |
1
CROSSROADS TENDRING & COLCHESTER LTD
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022
| Notes Incoming resources Donations & legacies Income from charitable activities 2 Investment Income 3 Total incoming resources Resources expended Charitable activities 4/5 Total resources expended Net income/(expense) before transfers Transfer between funds Net Movement in Funds Balances brought forward at 1st April 2021 Balances carried forward at 31st March 2022 |
Unrestricted funds £ 580 629,084 2,775 632,439 532,602 532,602 99,837 (91) 99,746 284,766 384,512 |
Restricted funds £ - 102,325 - 102,325 125,579 125,579 (23,254) 91 (23,163) 35,561 12,398 |
2022 2021 Total Total £ £ 580 1,238 731,409 563,647 2,775 3,618 734,764 568,503 658,181 599,629 658,181 599,629 76,583 (31,125) - - 76,583 (31,125) 320,327 351,452 396,910 320,327 |
|---|---|---|---|
The notes on pages 8 - 11 form an integral part of these financial statements.
5
CROSSROADS TENDRING & COLCHESTER LTD
BALANCE SHEET AS AT 31 MARCH 2022
| Notes Tangible Fixed assets 9 Current assets Debtors and prepayments 10 Cash at bank and in hand Creditors: Accounts falling due within one year 11 Net current assets Net assets Financed by Unrestricted funds 14 Restricted funds 13 |
£ £ 2,895 9,239 454,849 464,088 70,073 394,015 396,910 384,512 12,398 396,910 2022 |
£ £ 3,756 5,644 348,210 353,854 37,283 316,571 320,327 270,639 49,688 320,327 2021 |
£ £ 3,756 5,644 348,210 353,854 37,283 316,571 320,327 270,639 49,688 320,327 2021 |
|---|---|---|---|
| 464,088 70,073 |
353,854 37,283 |
||
| 320,327 | |||
| 270,639 49,688 |
|||
| 320,327 |
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime.
The directors declare that they have approved the accounts above.
| Signed Signed |
Date Date |
|---|---|
6
CROSSROADS TENDRING & COLCHESTER LTD
STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 MARCH 2022
| Notes Cash flows from operating activities a Cash flows from investing activities b Net cash provided by (used in) operating activities Purchase of property, plant and equipment Net cash provided by (used in) investing activities Change in cash and cash equivalents in reporting period Cash and cash equivalents at the beginning of the reporting period Proceeds from the sale of tangible assets Cash and cash equivalents at the end of the reporting period |
Unrestricted funds £ 129,802 - - - 129,802 298,522 428,324 |
Restricted funds £ (23,163) - - - (23,163) 49,688 26,525 |
Total 2022 £ 106,639 - - - 106,639 348,210 454,849 |
Total 2021 £ (17,857) |
|---|---|---|---|---|
| - (2,500) |
||||
| (2,500) | ||||
| (20,357) 368,567 |
||||
| 348,210 | ||||
| (a) RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES | ||||
| Notes Adjustments for non-cash items: Depreciation charges (Gains)/losses on the sale of fixed assets (increase)/decrease in debtors 5 Increase/(decrease) in creditors 6 Net income/(expenditure) for the reporting period (as per SOFA) Net cash provided by (used in) operating activities |
Unrestricted funds £ 99,746 861 - (3,595) 32,790 129,802 |
Restricted funds £ (23,163) - - - - (23,163) |
Total Total 2022 2021 £ £ 76,583 (31,125) 861 862 - - (3,595) (1,925) 32,790 14,331 106,639 (17,857) |
|
| b) ANALYSIS OF CASH ANDCASH EQUIVALENTS | ||||
| Notes Notice deposits (less than 3 months) Total cash and cash equivalents Cash in hand |
Unrestricted funds £ 405,161 - 405,161 |
Restricted funds £ 49,688 - 49,688 |
Total Total 2022 2021 £ £ 454,849 348,210 - - 454,849 348,210 |
(a) RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
7
CROSSROADS TENDRING & COLCHESTER LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1 Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
1.2 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received either by way of grants, donations and gifts or as contractual income in payment for services and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Income from investments is included in the year in which it is receivable.
1.3 Resources expended
Expenditure is recognised on a accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected life. As follows:
Fixtures, fittings and equipment - 15% Reducing Balance Motor Vehicles - 25% Reducing Balance Computer Equipment - 30% Reducing Balance
8
CROSSROADS TENDRING & COLCHESTER LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1.5 Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| 2 Income from charitable activities Grants CJRS Respite care Grants CJRS Respite care 3 Investment income Bank deposit account 4 Costs of charitable activities by fund type Activity costs Support costs Activity costs Support costs 5 Costs of charitable activities by activity type General funds Young carers Governance costs |
Unrestricted 2022 £ 72,598 5,605 550,881 629,084 Unrestricted 2021 £ 42,806 84,104 420,738 547,647 Unrestricted 2022 £ 2,775 2,775 Unrestricted 2022 £ 317,582 215,020 532,602 Unrestricted 2021 £ 414,107 170,827 584,934 |
Restricted 2022 £ 102,325 - - 102,325 Restricted 2021 £ 16,000 - - 16,000 Total 2022 £ 2,775 2,775 Restricted 2022 £ 102,666 22,913 125,579 Restricted 2021 £ - 14,695 14,695 Total Funds 2022 657,411 - 770 658,181 |
Total 2022 £ 174,923 5,605 550,881 |
|
|---|---|---|---|---|
| 731,409 | ||||
| Total 2021 £ 58,806 84,104 420,738 |
||||
| 563,647 | ||||
| Total 2021 £ 3,618 |
||||
| 3,618 | ||||
| Total 2022 £ 420,248 237,933 |
||||
| 658,181 | ||||
| Total 2021 £ 414,107 185,522 |
||||
| 599,629 | ||||
| Total Funds 2021 598,361 568 700 |
||||
| 599,629 | ||||
9
CROSSROADS TENDRING & COLCHESTER LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
6 Net (outgoing)/incoming resources for the year
| This is stated after charging: Staff pension contributions Depreciation Auditor's remuneration: - audit of the financial statements |
2022 Total £ 6,972 861 770 8,603 |
2021 Total £ 6,202 862 700 |
|---|---|---|
| 7,764 |
| 7 Staff costs and emoluments Total staff costs were as follows: Wages and salaries |
2022 2021 £ £ 534,723 542,368 534,723 542,368 |
|---|---|
8 Particulars of employees:
The average number of employees during the year, calculated on the basis of full time equivalents, was as follows:
| 2022 | 2021 | |||
|---|---|---|---|---|
| No. | No. | |||
| Number of other staff - definable | 48 | 48 |
No employee received remuneration of more than £60,000 During the year (2021 - Nil).
9 Tangible fixed assets
| Cost Balance at 1st April 2021 Additions Disposals Balance at 31st March 2022 Accumulated Depreciation Balance at 1st April 2021 Depreciation Balance at 31st March 2022 Net book value: at 31st March 2022 at 31st March 2021 |
Computer Equipment £ 10,786 - - 10,786 10,193 178 10,371 415 593 |
Fixtures & Fittings £ 5,716 - - 5,716 4,637 162 4,799 917 1,079 |
Motor Vehicles £ 2,500 - - 2,500 417 521 938 1,562 2,083 |
Total £ 19,002 - - |
|---|---|---|---|---|
| 19,002 | ||||
| 15,246 861 |
||||
| 16,107 | ||||
| 2,895 | ||||
| 3,756 |
10
CROSSROADS TENDRING & COLCHESTER LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
10 Debtors
| Trade Debtors Prepayments 11 Creditors: amounts falling due within one year Trade creditors Accruals and deferred income |
2022 2021 Total Total £ £ 5,134 5,644 4,105 - 9,239 5,644 2022 2021 Total Total £ £ - - 70,073 37,283 70,073 37,283 |
|---|---|
12 Commitments under operating leases
As 31 March 2021 the company had annual commitments under non-cancellable operating leases as set out below.
| Operating leases which expire: After more than 5 years 13 Restricted income funds Balance at 01-Apr-21 £ Fowler Smith 471 Catalyst 1,873 Other restricted - Young Carers 33,217 Restricted Fund 35,561 14 Unrestricted income funds Balance at 01-Apr-20 £ General Funds 284,766 |
Operating leases which expire: After more than 5 years 13 Restricted income funds Balance at 01-Apr-21 £ Fowler Smith 471 Catalyst 1,873 Other restricted - Young Carers 33,217 Restricted Fund 35,561 14 Unrestricted income funds Balance at 01-Apr-20 £ General Funds 284,766 |
Income £ - 24,000 102,325 - 126,325 Income £ 632,439 |
Expenditure £ (250) (22,914) (102,416) - (125,580) Expenditure £ (532,602) |
2022 2021 Total Total £ £ - - Balance at Transfers 31-Mar-22 £ £ - 221 - 2,959 91 - - 33,217 91 36,397 Balance at Transfers 31-Mar-21 £ £ (91) 384,512 Land & buildings |
2022 2021 Total Total £ £ - - Balance at Transfers 31-Mar-22 £ £ - 221 - 2,959 91 - - 33,217 91 36,397 Balance at Transfers 31-Mar-21 £ £ (91) 384,512 Land & buildings |
|---|---|---|---|---|---|
| Balance at 31-Mar-22 £ 221 2,959 - 33,217 |
|||||
| 35,561 | 36,397 | ||||
| Balance at 01-Apr-20 £ 284,766 |
Balance at 31-Mar-21 £ 384,512 |
Accounts for the year 20-21 incorrectly showed restricted spend of £14,127 as unrestricted. Therefore the opening balnces have been corrected in these accounts to show the true position of funds.
15 Related Parties
There were no related parties within the year.
16 Going Concern
The charity is operating on a going concern basis
11