REGISTERED COMPANY NUMBER: 05037999 (England and Wales) REGISTERED CHARITY NUMBER: 1104978
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
FOR
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
Weaver Wroot 28 Dudley Street Grimsby N E Lincolnshire DN31 2AB
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objectives and principal activities are:
To provide quality recreational services and support for youngsters with special needs in the Grimsby, Cleethorpes, Immingham and surrounding areas.
To provide support and services to youngster's families by way of respite.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
A review of the charity's achievements and performance during the year is set out in the Chairman's Statement included with the annual report.
FINANCIAL REVIEW
The Charity has had a successful year in respect of providing this unique service to our users. As ever funding and increasing costs remain our concern and the trustees are continually working on a business plan which we hope will help in our efforts to secure much needed funds.
We have been able to call upon a team of volunteers whose help has been invaluable, also the staff who have worked tirelessly as ever, thank you all.
The cash reserves at year ended 31st March 2021 was £169,860 (2020 £148,343) an increase of £21,617. General unrestricted funds provide approximately six months worth of funding to cover unrestricted expenditure. No reserves are maintained other than those required to provide short term funding for the Charity to continue providing the services required for youngsters with special needs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
In the event of the company being wound up the members are required to contribute an amount not exceeding £1.
Recruitment and appointment of new trustees
The directors of the company are also the charity trustees for the purpose of charity law. Appointment of directors and trustees is governed by the Articles and Memorandum of Association.
The directors and trustees are appointed on the recommendation of the Board of Management from the general public at the Annual General Meeting.
The charity is organised so that the directors and trustees meet regularly to manage its affairs. The staff are directly responsible to the directors and trustees.
Related parties
There are no related party relationships which require disclosure in these accounts.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05037999 (England and Wales)
Registered Charity number
1104978
Page 1
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021
Registered office
c/o 10 Whimbrel Way Grimsby N E Lincolnshire DN36 4YX
Trustees
C Woolliss Nurse M Rudkin Builder H Aitken Trustee D C Topliss Trustee L J Coomber Housewife K C Venney Trustee K Smith Retired
Company Secretary
C Woolliss
Independent Examiner
Weaver Wroot 28 Dudley Street Grimsby N E Lincolnshire DN31 2AB
Bankers
HSBC Bank Plc Auditors Letters Conventry DSC Harry Weston Road, Binley Conventry CV3 2TQ
Approved by order of the board of trustees on 16th December 2021 and signed on its behalf by:
M Rudkin - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
Independent examiner's report to the trustees of F.L.A.G (Supporting Youngsters With Special Needs) Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Scott Nixon Weaver Wroot 28 Dudley Street Grimsby N E Lincolnshire DN31 2AB
Date: .............................................
Page 3
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021
| 31.3.21 Unrestricted Restricted Total fund funds funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 10,379 - 10,379 Charitable activities 5 Local Authority Grant 38,882 - 38,882 Other trading activities 3 655 - 655 Investment income 4 185 - 185 Total 50,101 - 50,101 EXPENDITURE ON Charitable activities 6 Local Authority Grant 28,513 71 28,584 NET INCOME/(EXPENDITURE) 21,588 (71) 21,517 RECONCILIATION OF FUNDS Total funds brought forward 148,059 284 148,343 TOTAL FUNDS CARRIED FORWARD 169,647 213 169,860 |
31.3.20 Total funds £ 3,709 33,000 11,086 189 |
|---|---|
| 47,984 47,249 |
|
| 735 147,608 |
|
| 148,343 |
The notes form part of these financial statements
Page 4
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
BALANCE SHEET 31ST MARCH 2021
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 12 190 213 CURRENT ASSETS Debtors 13 1,473 - Cash at bank and in hand 171,042 - 172,515 - CREDITORS Amounts falling due within one year 14 (3,058) - NET CURRENT ASSETS 169,457 - TOTAL ASSETS LESS CURRENT LIABILITIES 169,647 213 NET ASSETS 169,647 213 FUNDS 15 Unrestricted funds: General fund Restricted funds: NELC - Early Years Capital Grant TOTAL FUNDS |
31.3.21 Total funds £ 403 1,473 171,042 172,515 (3,058) 169,457 169,860 169,860 169,647 213 169,860 |
31.3.20 Total funds £ 537 - 149,437 |
|---|---|---|
| 149,437 (1,631) |
||
| 147,806 | ||
| 148,343 | ||
| 148,343 | ||
| 148,059 284 |
||
| 148,343 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 16th December 2021 and were signed on its behalf by:
M Rudkin - Trustee
The notes form part of these financial statements
Page 5
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture and equipment - 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. DONATIONS AND LEGACIES
3.
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Donations | 10,379 | 3,709 |
| OTHER TRADING ACTIVITIES | ||
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Admissions | 655 | 11,086 |
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continued...
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
| 4. INVESTMENT INCOME Interest receivable - trading 5. INCOME FROM CHARITABLE ACTIVITIES Activity Grants Local Authority Grant Government grants Local Authority Grant Grants received, included in the above, are as follows: 6. CHARITABLE ACTIVITIES COSTS Local Authority Grant 7. SUPPORT COSTS Local Authority Grant Support costs, included in the above, are as follows: Other Rent Insurance Office electric Printing, stationery and advertising Depreciation of tangible fixed assets |
31.3.21 31.3.20 £ £ 185 189 31.3.21 31.3.20 £ £ 16,500 33,000 22,382 - 38,882 33,000 31.3.21 31.3.20 £ £ Support Direct costs (see Costs note 7) Totals £ £ £ 26,587 1,997 28,584 Governance Other costs Totals £ £ £ 197 1,800 1,997 31.3.21 31.3.20 Local Authority Total Grant activities £ £ - 4,663 - 1,119 - 10 63 22 134 179 197 5,993 |
|---|---|
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continued...
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
7. SUPPORT COSTS - continued Governance costs
| SUPPORT COSTS - continued Governance costs |
|||
|---|---|---|---|
| 31.3.21 | 31.3.20 | ||
| Local | |||
| Authority | Total | ||
| Grant | activities | ||
| £ | £ | ||
| Accountancy | 1,200 | 1,200 | |
| Payroll services | 600 | 600 | |
| 1,800 | 1,800 | ||
| NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Depreciation - owned assets | 134 | 179 | |
| Other operating leases | - | 4,663 |
8. NET INCOME/(EXPENDITURE)
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020.
Trustees' expenses
Expenses reimbursed to the trustees are disclosed in note 6.
10. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Staff No employees received emoluments in excess of £60,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,709 Charitable activities Local Authority Grant 33,000 Other trading activities 11,086 Investment income 189 Total 47,984 EXPENDITURE ON Charitable activities Local Authority Grant 47,154 NET INCOME/(EXPENDITURE) 830 |
31.3.21 11 Restricted funds £ - - - - - 95 (95) |
31.3.20 18 Total funds £ 3,709 33,000 11,086 189 |
|---|---|---|
| 47,984 47,249 |
||
| 735 |
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continued...
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
| 11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| £ | £ | £ | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 147,229 | 379 | 147,608 | |
| TOTAL FUNDS CARRIED FORWARD | 148,059 | 284 | 148,343 | |
| 12. | TANGIBLE FIXED ASSETS | |||
| Office | ||||
| furniture | ||||
| and | ||||
| equipment | ||||
| £ | ||||
| COST | ||||
| At 1st April 2020 and 31st March 2021 | 6,977 | |||
| DEPRECIATION | ||||
| At 1st April 2020 | 6,440 | |||
| Charge for year | 134 | |||
| At 31st March 2021 | 6,574 | |||
| NET BOOK VALUE | ||||
| At 31st March 2021 | 403 | |||
| At 31st March 2020 | 537 | |||
| 13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Other debtors | 1,473 | - | ||
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Social security and other taxes | 552 | 432 | ||
| Accrued expenses | 2,506 | 1,199 | ||
| 3,058 | 1,631 |
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continued...
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
15. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.4.20 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 148,059 | 21,588 | 169,647 |
| Restricted funds | |||
| NELC - Early Years Capital Grant | 284 | (71) | 213 |
| TOTAL FUNDS | 148,343 | 21,517 | 169,860 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 50,101 | (28,513) | 21,588 |
| Restricted funds | |||
| NELC - Early Years Capital Grant | - | (71) | (71) |
| TOTAL FUNDS | 50,101 | (28,584) | 21,517 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.4.19 | in funds | 31.3.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 147,229 | 830 | 148,059 |
| Restricted funds | |||
| NELC - Early Years Capital Grant | 379 | (95) | 284 |
| TOTAL FUNDS | 147,608 | 735 | 148,343 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 47,984 | (47,154) | 830 |
| Restricted funds | |||
| NELC - Early Years Capital Grant | - | (95) | (95) |
| TOTAL FUNDS | 47,984 | (47,249) | 735 |
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continued...
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds NELC - Early Years Capital Grant TOTAL FUNDS |
Net movement At 1.4.19 in funds £ £ 147,229 22,418 379 (166) 147,608 22,252 |
At 31.3.21 £ 169,647 213 |
|---|---|---|
| 169,860 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 98,085 | (75,667) | 22,418 |
| Restricted funds | |||
| NELC - Early Years Capital Grant | - | (166) | (166) |
| TOTAL FUNDS | 98,085 | (75,833) | 22,252 |
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2021.
17. CONTROL RELATIONSHIP
The charity is controlled by its directors and trustees who, acting as a body, totally control all aspects of the running of the charity.
Page 11
F.L.A.G (SUPPORTING YOUNGSTERS WITH SPECIAL NEEDS) LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021
| 31.3.21 | 31.3.20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 10,379 | 3,709 |
| Other trading activities | ||
| Admissions | 655 | 11,086 |
| Investment income | ||
| Interest receivable - trading | 185 | 189 |
| Charitable activities | ||
| Grants | 16,500 | 33,000 |
| Government grants | 22,382 | - |
| 38,882 | 33,000 | |
| Total incoming resources | 50,101 | 47,984 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 25,512 | 36,314 |
| Activity expenses | - | 1,217 |
| Toy repairs and renewals | - | 516 |
| Sundry expenses | 954 | 1,295 |
| Training expenses | 121 | 114 |
| 26,587 | 39,456 | |
| Support costs | ||
| Other | ||
| Rent | - | 4,663 |
| Insurance | - | 1,119 |
| Office electric | - | 10 |
| Printing, stationery and advertising | 63 | 22 |
| Depreciation | 134 | 179 |
| 197 | 5,993 | |
| Governance costs | ||
| Accountancy | 1,200 | 1,200 |
| Payroll services | 600 | 600 |
| 1,800 | 1,800 | |
| Total resources expended | 28,584 | 47,249 |
| Net income | 21,517 | 735 |
This page does not form part of the statutory financial statements
Page 12