**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**