2022-03-31-accounts - The Florence Institute Trust Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees		I to3
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements		6to9
Independent Examiner's	Report	10
Profit and Loss Account

						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	Funds
			Notes
INCOMING RESOURCES
Incoming resources from generated		funds
Voluntary income				160,419	355,379	515,798	803395
Investment income
Activities for generating funds				48 884		48 884	10975
Total incoming resources				209,303	355379	564,682	814,270
RESOURCES EXPENDED
Costs ofgenerating funds
Costs ofgenerating voluntary Charitable activities Governance costs	income		4 5 6	2,402 144,850 -	297,390 27 741	2,402 442,240 27 741	428 329,641 29937
Total resources expended				147,252	325,131	472,383	360,006
NET INCOMING RESOURCES				62,051	30,248	92,299	454,264
RECONCILIATION OFFUNDS
Total funds brought forward				20,604	902,476	923,080	468,816
TOTAL FUNDS CARRIED	FORWARD			82655	932724	1 015379	923 080

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	Funds	Funds
		Notes
FIXEDASSETS
Tangible assets investments				460,866	460,866	412,001
						1
			1	460,866	460,867	412,002
CURRENT ASSETS
Cash in hand Debtors		10	82,654	657,833 15,175	657,833 97,829	493258 30,123
CREDITORS
Amounts falling due within	one year			(56,094)	(56,094)	(12,303)
NET CURRENT ASSETS			82,654	616,913	699,567	511,078
TOTAL ASSETSLESSCURRENT
LIABILITIES			82,655	1,077,780	1,160,435	923,080
CREDITORS: Amounts	falling due
after more than one year
NET ASSETS			ll2 DSS	932 724	7 DID 379	~923 DDQ
FUNDS
Unrestricted funds Restricted funds					82,655 932 724	20,604 902476
TOTAL FUNDS					l D73 379	9~23 080

			2022	2021
Grants
National Heritage Lottery Funding National Lottery Community Fund Liverpool City Council Mayor's Fund Our Liverpool Section 106 Community Hub Business Grant Funding Community Foundation Liverpool Covid Job Retention Scheme Morgan Foundation Workers Educational Association Community Cash Back			6,800 94,666 23,322 2,400 8,500 8,250 1,500 12,000 12,755	64,700 173,358 41,362 20,000 16,500 50,000 8,770 60,004 35,000 7,000
Power to Change Medicash Foundation CAF Resilience Fund MPAC			2,000	17,824 10,000 55,000 200
Henry Smith P H Holt Foundation Granby Toxteth Development LCVS NLRCO Red Touch Media English Sports Council Groundwork Without Walls StJames in the City Rotunda Kick Start	Trust		40,500 20,500 79,735 9,996 2,500 28,810	101,500 7,854 14,075 16,100 2,000 8,330 5,000 1,166 2,260 25,000
Other grants Donations Trading company profit donated			1,145 98,368 62,051	8,795 51,497
			5!5,798	803,295
COSTS OF GENERATING	VOLUNTARY INCOME
			2022	2021
			E
Telephone dt IT			357	377
Postage and stationery
Travelling and volunteer expenses			1,077	51
Publicity and promotions			968
			2,402	428
BREAKDOWN OFCOSTS	OF CHARITABLE ACTIVITIES
		Direct costs	Support costs	Total
Running costs ofthe building		76,676	29,182	]05,858
Activities for community benefit		280889	55,493	336382
		357,565	84,675	442,240

			2022	2021
Audit Wages	and and	accountancy salaries	~27 741	1,000 28937
			27,741	29937

TANGIBLE FIXEDASSETS
	Improvements to Property	Fixtures, Fittings k Motor Vehicies f	Total
COST:
At 1 April 2021 Additions	6,306,020	75,917 61 081	6,381,937 61 061
At 31 March 2022
DEPRECIATION:
At I April 2021 Charge for year	5,894,020	75,916 12216	5,969,936 ~12 16
At 31 March 2022
NET BOOK VALUES:
At 31March 2022			~4II~
At 31March 2021			~~2'

The trustees have carried out an impairment review on the fr FIXEDASSET INVESTMENTS	eehold property and value it at f412,000.
	Shares	in
	group
	undertakings
COST
At 1 April 2021
and 31March 2022
NET BOOK VALUE
At 31March 2022		1
At 31March 2021		l

10.	DEBTORS
					2022	2021
						f
	Trade debtors Amounts owed by group undertakings Other debtors				9,516 82,654 5659	3,761 20,603 5,759
					97829	30,123
11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE		YEAR
					2022	2021
	Trade creditors Taxation and social security Loans falling due within 1 year				28,275 4,375 23 444	7,984 4,319
					56,094	12,303
12.	CREDITORS: AMOUNTS FALLING DUE AFI'ER MORE		THAN	ONE	YEAR
	Loans falling due aAer more than	one year
13.	MOVEMENT IN FUNDS
					Net
			At	1.4,21	movement in	At 31.3.22
					funds
				f
	Unrestricted funds
	General fund		20,604		62,051	82,655
	Restricted funds
	Restricted fund		902,476		30,248	932,724
	TOTAL FUNDS		~923 080		92,299	1,015379
	Net movement in funds, included	in the above are as follows:
			Incoming		Resources	Movement in
			Resources f		Expended	funds f
	Unrestricted funds
	General fund		209,303		147,252	62,051
	Restricted funds
	Restricted fund		355,379		325,131	30,248
	TOTAL FUNDS		364 682		472,383	92 299


Incoine:
Rents received				48,584	10,975
Caf6 and merchandise	sales			300
Other income:				48,884	10,975
Grants received				355,379	751,798
Donations received				98,368	51,497
Trading company profit		donated		62,051
Bank interest
				564,682	814,270
Administration costs:
Wages and staff costs				260,562	210,667
Rates and water Telephone Ec IT				4,934 3,569	2,636 3,767
Motor expenses				5,891
Travelling and volunteer		expenses		2,154	102
Publicity and promotion				968
Computer expenses				522
Light and heat				30,528	32,047
Repairs and renewals				4,058	3,387
Security				8,116	11,127
Cleaning and laundry				151	1,608
Events and activities				121,616	67,448
Audit and accountancy Licences and insurance				437 14,758	2,940 24,243
Legal, professional and		consultancy	fees	1,764
Bank charges				139	34
Depreciation oftangible		fixed assets		12216
				472 383	360006
NET SURPLUSl(DEFICIT)					~4