| Trustees | A Cathies | |
|---|---|---|
| J Cigman | ||
| P Gifford | ||
| R Boseley | ||
| J Lewis | (Appointed 23 November 2020) | |
| M Smith | (Appointed 22 March 2021) | |
| Secretary | S Martin | |
| Charity number | 1110418 | |
| Company number | ||
| Principal address | Chequers Bridge Centre | |
| Painswick Road | ||
| Gloucester | ||
| GL4 6PR | ||
| Registered office | Chequers Bridge Centre | |
| Painswick Road | ||
| Gloucester | ||
| GL4 6PR | ||
| Independent examiner | Griffiths Marshall | |
| Beaumont House | ||
| 172 Southgate Street | ||
| Gloucester | ||
| Gloucestershire | ||
| GL1 2EZ | ||
| Bankers | Unity Trust Bank Plc | |
| Four Brindley Place | ||
| Birmingham | ||
| BI 2JB |
| Page | |
|---|---|
| Trustees' report | 1 - 13 |
| Independent, examiner's report | 14 |
| Statement of financial activities | 15 |
| Balance sheet | 16 |
| Statement of cash flows | 17 |
| Notes to the financial statements | 18 - 31 |
| 1 . | Strengthen the work of Fair Shares in our existing time banks in Gloucester, Stroud and Stonehouse |
|---|---|
| (and not expand into other areas) | |
| 2. | Develop new sources of funding so that we are less dependent on grants |
| 3. | Make our partnerships with other local organisations clear (our purpose in working with them) and |
| strong | |
| 4. | Get more participants actively involved in how Fair Shares works and planning for the future |
| 5. | Get better at marketing and communicating our values and sharing information about what Fair |
| Shares does | |
| 6. | Make best use of the resources we have |
| What we planned to do | Actions | Progress |
|---|---|---|
| Consolidate core business | 3 year plan for Stroud | Deferred |
| Develop Gloucester allotment | Done | |
| Green impact assessment | Deferred | |
| Develop more diverse funding | Submit new Lottery bid | Done |
| Identify 5 local businesses to | Deferred | |
| approach | ||
| Develop strategic partnership working | Work actively with the new NHS Trust | Deferred |
| Draw up and implement an exit strategy for | Done | |
| criminal justice project | ||
| Recruit 10 'Friends of Fair Shares' | Deferred | |
| Increase active involvement of participants Active engagement of participants in | Done | |
| how the allotment develops | ||
| Active engagement of participants in | Deferred | |
| proposing ideas for fundraising | ||
| Effective use of resources | Complete 2 evaluations - Young People | Deferred |
| & Dementia Project | ||
| Review database of participants | Deferred | |
| Review vehicle plan, including identifying | Deferred, finance | |
| funding for maintenance and upgrade | committee | |
| assessing options | ||
| to address this |
| Unrestricted | Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| Notes | £ | £ | £ | £ | £ | £ | |
| Income and endowments | from: | ||||||
| Grants and donations | 3 | 1 7852 | 191483 | 193 7335 | 2 3682 | 194 7750 | 197 1432 |
| Incoming resources | |||||||
| from charitable | |||||||
| activities | |||||||
| Woodworking Income | 4 | - | - | - | - | 1 7223 | 1 1223 |
| Other trading activities | 5 | 4 1704 | 21 7561 | 26 7265 | 11,276 | 23 1974 | 35 1250 |
| Other income | 6 | 602 | 26 1019 | 26 7621 | 487 | 7 7064 | 7 1551 |
| Total income | 7,158 | 239,063 | 246,221 | 14 1445 | 227 1011 | 241,456 | |
| Expenditure on: | |||||||
| Raising funds | |||||||
| Costs of generating | |||||||
| funds | 7 | - | 5,994 | 5 7994 | 5,404 | - | 5 1404 |
| Charitable activities | 8 | 3 7845 | 200 1471 | 204,316 | 45790 | 159 1498 | 205,288 |
| Other | 9 | 223 | - | 223 | 243 | - | 243 |
| Total resources | |||||||
| expended | 4 7068 | 206,465 | 210,533 | 51,437 | 159 7498 | 210 7935 | |
| Net incoming | |||||||
| resources before | |||||||
| transfers | 3,090 | 32 1598 | 35 1688 | (36,992) | 67,513 | 30 1521 | |
| Gross transfers | |||||||
| between funds | (4) | 4 | - | 25,551 | (25,551) | - | |
| Net income for the year! | |||||||
| Net movement in funds | 3,086 | 32,602 | 35 9688 | (11,441) | 41 1962 | 30 1521 | |
| Fund balances at I | |||||||
| April 2020 | 37 7782 | 116 7904 | 154 1686 | 49 1223 | 74,942 | 124 1165 | |
| Fund balances at 31 | |||||||
| March 2021 | 40 7868 | 149 1506 | 190 7374 | 37,782 | 116,904 | 154 5686 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 14 | 3 1614 | 6150 | ||
| Current assets | |||||
| Debtors | 15 | 7 1716 | 9,053 | ||
| Cash at bank and in hand | 16 | 196,260 | 189 1 | 079 | |
| 203 7976 | 198 5 | 132 | |||
| Creditors: amounts falling due within | |||||
| one year | 17 | (17,216) | (49,596) | ||
| Net current assets | 186 1760 | 148 1536 | |||
| Total assets less current liabilities | 190 7374 | 154,686 | |||
| Income funds | |||||
| Restricted funds | 20 | 149 1506 | 116 7904 | ||
| Unrestricted funds | 40 1868 | 37 7782 | |||
| 190,374 | 154 1686 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | £ | £ | £ | £ |
| Cash flows from operating activities | ||||
| Cash generated from/(absorbed by)23 | ||||
| operations | 7,181 | (14,412) | ||
| Investing activities | ||||
| Purchase of tangible fixed assets | - | (286) | ||
| Net cash used in investing activities | - | (286) | ||
| Net cash used in financing activities | ||||
| Net increase/(decrease) in cash and cash | ||||
| equivalents | 7 1181 | (14,698) | ||
| Cash and cash equivalents at beginning of year | ||||
| Cash and cash equivalents at end of year | 196 3260 | 189,079 |
| Unrestricted | Restricted |
Total | Unrestricted | Restricted |
Total |
|
|---|---|---|---|---|---|---|
| funds | funds |
funds | funds |
|||
| 2021 | 2021 |
2021 | 2020 | 2020 |
2020 |
|
| £ | £ |
£ | £ | £ |
£ |
|
| Donations and gifts | 1 3852 | 1 1301 |
3 7153 | 2 3682 | 3,025 |
5 1707 |
| Grant income | - | 190 1182 |
190 1182 | - | 191725 |
191 1 725 |
| 1,852 | 191,483 |
193,335 | 2,682 | 194,750 |
197 1432 |
|
| Donations and gifts | ||||||
| Donations | 1 1852 | 1 7301 |
3,153 | 2 1426 | 3 3025 |
5 3451 |
| Gift Aid | - | - |
- | 256 | - |
256 |
| 1 1852 | 1 7301 |
3 3153 | 2 1682 | 3 1025 |
5 1707 |
|
| Grant income | ||||||
| Active Gloucestershire | - |
2,200 |
2,200 | - | - |
- |
| Allen Lane Foundation | - |
1,250 |
1 1250 | - | 3 1750 |
3 1750 |
| 3 Grants and donations |
(Continued) | |||
|---|---|---|---|---|
| Anonymous | - 10000 |
10 1000 | -- | - |
| Asda Foundation | - 300 |
300 | - 500 |
500 |
| Barton&Tredworth | ||||
| Neighbourhood | ||||
| Partnership | -- | - | - 4 7099 |
4 1099 |
| Barnwood Trust | - 4 1500 |
4 1500 | - 1440 |
1,440 |
| Charities Aid Foundation | - 4 1600 |
4,600 | -- | - |
| DCMS funds distributed | ||||
| by Gloucestershire | ||||
| Foundation: Resilience | ||||
| Fund | - 20 1140 |
20,140 | -- | - |
| DCMS funds distributed | ||||
| by Gloucestershire | ||||
| Community Foundation: | ||||
| Coronavirus Recover& | ||||
| Resilience Grant | - 8,557 |
8 1557 | -- | - |
| DCMS funds distributed | ||||
| by National Lottery | ||||
| Community Fund: | ||||
| Coronavirus Community | ||||
| Support Fund | - 37 1500 |
37 1500 | -- | - |
| Dunhill Medical Trust | -- | - | - 21 388 |
21,388 |
| Gloucester City Council | - 800 |
800 | - 250 |
250 |
| Gloucester City Homes | - 500 |
500 | - 7 1850 |
7 1850 |
| Gloucestershire | ||||
| Community Foundation | - 3,500 |
3 3500 | - 4,091 |
4,091 |
| Gloucestershire County | ||||
| Council | - 5,625 |
5 3625 | - 7,875 |
7,875 |
| Gloucestershire | ||||
| Gateway Trust | - 22,533 |
22 1533 | - 20 3250 |
20 3250 |
| HDH Wills 1965 | ||||
| Charitable Trust | -- | - | - 500 |
500 |
| Henry Robert Bull | ||||
| Charitable Trust | -- | - | - 13000 |
1 3000 |
| Henry Smith Charity | -- | - | - 7 7500 |
7 1500 |
| Hilden Charitable Fund | -- | - | - 1 000 |
1,000 |
| HMRC Job Retention | ||||
| Scheme | - 5 7641 |
5 1641 | -- | - |
| Langtree Trust | - 500 |
500 | -- | - |
| Leigh Trust | - 1,000 |
1 1000 | -- | - |
| National Lottery | ||||
| Community Fund | - 26 1301 |
26 1301 | - 54 1917 |
54 1917 |
| Noel Buxton Trust | - 1 300 |
1 300 | - 2 1000 |
2,000 |
| Office of the Police and | ||||
| Crime commissioner | ||||
| Gloucestershire | - 17 1500 |
17,500 | - 18 1500 |
18 1500 |
| Persula Foundation | - 1 660 |
1 660 | - 3,340 |
3 7340 |
| Postcode Community | ||||
| Trust | -- | - | - 12 7600 |
12 7600 |
| Saintbury Trust | -- | - | - 2 1000 |
2 1000 |
| Sobell Foundation | -- | - | - 3 7000 |
3,000 |
| Souter Charitable Trust | -- | - | - 2,000 |
2 1000 |
| 3 Grants and donations |
(Continued) | ||||
|---|---|---|---|---|---|
| Stroud District Council | - 8 1000 |
8,000 |
- | 4 1000 |
4 1000 |
| Summerfield Trust | 3 1000 | 3 3000 |
|||
| Swire Charitable Trust | - 5 1625 |
5 3625 |
- | 1 1875 |
1 1875 |
| Sydney Black Charitable | |||||
| Trust | 1,000 | 1,000 |
|||
| Tesco - Groundork UK | -500500 | - | |||
| Verdon-Smith Family | |||||
| Charitable Trust | -150150 | - | |||
| Zurich Community Trust | rA | ||||
| - 190,182 |
190,182 |
- | 191 1725 191 3725 |
| Unrestricted Restricted | Total |
Unrestricted | Restricted | Total |
|---|---|---|---|---|
| Funds Funds |
2021 |
Funds |
Funds |
2020 |
| ££ | £ |
£ |
£ |
£ |
| -- | - | - | 1 7223 |
1,223 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Fees | 3 1954 | 21,561 | 25 1515 | 3,018 | 21 3634 | 24 1652 |
| Consultancy income | - | - | - | 450 | 2 1340 | 2 3790 |
| Woodworking income | 750 | - | 750 | 7,808 | - | 7 1808 |
| Other trading activities | 4 7704 | 21 3561 | 26,265 | 11 7276 | 23 1974 | 35,250 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Other income | 602 | 26,019 | 26,621 | 487 | 3 1489 | 3 1976 |
| Vehicle income | - | - | 3 7575 | 3 1575 | ||
| 602 | 26,019 | 26,621 | 487 | 7 7064 | 7 1551 |
| 7 Raising funds |
||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total |
|
| funds | funds | 2021 | 2020 |
|
| £ | £ | £ | £ |
|
| Costs of generating funds | ||||
| Fundraising fees | - | 5 3994 | 5,994 | 5 1404 |
| - | 5 3994 | 5 7994 | 5 7404 |
|
| For the year ended 31 March 2020 | ||||
| Costs of generating funds | 5 3404 | - | 5 1404 | |
| 8 Charitable activities |
||||
| 2021 2020 |
||||
| ££ | ||||
| Staff costs (see note12) | 133 1152 141 3428 |
|||
| Share of support costs (see note 11) | 69 1376 62 1076 |
|||
| Share of governance costs (see note 11) | ||||
| 204,316 205 1288 |
||||
| Analysis by fund | ||||
| Unrestricted funds | 3 7845 45,790 |
|||
| Restricted funds | ||||
| 204 1316 205,288 |
||||
| 9 Other |
||||
| 2021 | 2020 | |||
| ££ | ||||
| Financing costs | ||||
| 223 | 243 |
| upport costs | |||||||
|---|---|---|---|---|---|---|---|
| Support Governance | 2021 | Support |
Governance | 2020 |
|||
| costs costs |
costs | costs |
|||||
| ££ | £ | £ |
£ | £ |
|||
| Depreciation | 2 7536 | - | 2,536 | 3 7379 |
- | 3,379 |
|
| Rent, rates & room hire | 10 7943 | - | 10 1943 | 14 7048 |
14 1048 | ||
| Misc. expenses | 26 1224 | - | 26 7224 | - |
- | - |
|
| Postage, printing & | |||||||
| office supplies | 1,690 | - | 1,690 | 1 1970 |
- | 1,970 |
|
| Phone, internet & | |||||||
| computer | 2 1992 | - | 2,992 | 2 7704 |
- | 2 1704 |
|
| Staff travel, expenses & | |||||||
| training | 18 1329 | - | 18,329 | 26,730 |
- | 26 1730 |
|
| Professional fees | 613 | - | 613 | 913 |
- | 913 |
|
| Equipment | 2,870 | - | 2 7870 | 7,126 |
- | 7,126 |
|
| Evaluation & | |||||||
| subscriptions | 824 | - | 824 | 426 |
- | 426 |
|
| Insurances | 2 1355 | - | 2 7355 | 4 7780 |
- | 4 1780 |
|
| Audit fees | - 1 7788 |
1 7788 | - |
1 1784 |
1 7784 |
||
| 69 1376 1,788 |
71 1164 | 62 7076 |
1 1784 |
63 7860 |
|||
| Analysis by fund | |||||||
| Unrestricted funds | 1 1284 1 3788 |
3 1072 | 27,886 |
1 3784 |
29,670 |
||
| Restricted funds | 68,092 | - | 68092 34 7190 |
- | )A 1C1 |
||
| 69 1376 1 1788 |
1,784 | 63,860 |
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| Fair Shares | 2 | 2 |
| Stroud | 1 | 1 |
| Woodworking | 1 | 1 |
| Gloucester | 3 | 2 |
| HM Prisons | - | 2 |
| Young People's Project | 1 | 1 |
| GEM Project | 1 | 1 |
| Total | j | itJ |
| Employment costs | 2021 | 2020 |
| £ | £ | |
| Wages and salaries | 116 7713 | 116,962 |
| Social security costs | 1 1803 | 3 1095 |
| Sessional staff | 12 1912 | 19,485 |
| Recruitment | - | 54 |
| Pension costs | 1 7724 | 1 1832 |
| lK%IiY | ||
| Analysis by fund | ||
| Unrestricted funds | 773 | 16,120 |
| Restricted funds | 132 7379 | 125 3308 |
| I NNWft-v |
| 14 Tangible fixed assets |
||||
|---|---|---|---|---|
| Fixtures, | Motor vehicles | Total | ||
| fittings & | ||||
| equipment | ||||
| £ | £ |
£ | ||
| Cost | ||||
| At 1 April 2020 | 24 1934 | 60 7275 |
85209 | |
| At 31 March 2021 | 24,934 | 60 1275 |
85 3 | 209 |
| Depreciation and impairment | ||||
| At 1 April 2020 | 22 1567 | 56,492 |
79 1 | 059 |
| Depreciation charged in the year | 1 590 | 946 |
2 5 | 536 |
| At31 March2021 | 24 1157 | 57 1438 |
81 1 | 595 |
| Carrying amount | ||||
| At31 March2021 | 777 | 2 1837 |
3 7 | 614 |
| At31 March2020 | 2 1367 | 3783 |
6 1 | 150 |
| 15 Debtors | ||||
| 2021 | 2020 | |||
| Amounts falling due within one year: | £ | £ | ||
| Trade debtors | 5 1638 | 6 1 | 930 | |
| Prepayments and accrued income | 2 1078 | 21123 | ||
| 7 7716 | 9 3 | 053 | ||
| 16 Cash at bank and in hand |
||||
| 2021 | 2020 | |||
| £ | £ | |||
| Bank current account | 195,464 | 188,188 | ||
| Credit Card | 292 | - | ||
| Petty cash | 504 | 891 | ||
| 196 1260 | 189,079 |
| 17 | Creditors: amounts falling due within one year | |||
|---|---|---|---|---|
| 20212020 | ||||
| Notes | £ | £ | ||
| Deferred income | 18 | 5 1400 45 7 |
161 | |
| Trade creditors | 10,116 2 7 |
735 | ||
| Accruals and deferred income | 1 7001700 | |||
| 17 1216 49 1 |
596 | |||
| 18 | Deferred income | |||
| 20212020 | ||||
| £ | £ | |||
| Arising from Deferred Income | 5 3400 45 7 |
161 |
| Movement in funds | Movement in funds | ||||
|---|---|---|---|---|---|
| Balance at | Incoming | Resources Transfers |
Balance at | ||
| I April 2020 | resources | expended |
31 March 2021 | ||
| £ | £ | £ |
£ | £ | |
| BTNP | 518 | - | - |
- | 518 |
| Covid Response | 1 1500 | 36500 | (36,258) |
1 | 1 1743 |
| GEM Project | 1,872 | 20 1561 | (16 )852) |
- | 5 7581 |
| Gloucester | 43 7302 | 102 7660 | (70,021) |
1 | 75 3942 |
| HM Prisons | 8 1169 | 27 3939 | (36,108) |
- | - |
| Network Crafts Group | 3 7598 | - | - |
- | 3 1598 |
| New Vehicles | 2 1056 | - | - |
- | 2 1056 |
| Stroud | 52 7624 | 24 7590 | (31,996) |
1 | 45 7219 |
| Woodworking Restricted | 3 7220 | 936 | (1,967) |
- | 2 1189 |
| Youngs People's Project | 45 | 25,877 | (13,263) |
1 | 12 1660 |
| 116 7904 | 239 1063 | (206,465) |
4 | 149,506 | |
| Unrestricted funds | |||||
| Balance at | Incoming | Resources Transfers |
Balance at | ||
| I April 2020 | resources | expended |
31 March 2021 | ||
| ££ | ££ | £ | |||
| Support | 37,782 | 6 1155 | (3,065) |
(4) | 40 1868 |
| Woodworking | - | 1 1003 | (1,003) |
- | - |
| 37 7782 | 7 1158 | (4,068) |
(4) | 40,868 | |
| nalysis of net assets between funds | |||||
| Unrestricted Restricted |
Total | ||||
| funds funds |
|||||
| £ | £ | £ | |||
| Fund balances at 31 March 2021 are represented by: | |||||
| Tangible assets | 3,614 | - | 3614 | ||
| Current assets/(liabilities) | |||||
| 40 1868 149 1506 |
190 1374 |
| 22 Related party transactions | ||
|---|---|---|
| Remuneration of key management personnel | ||
| The remuneration of key management personnel is as follows. | ||
| 2021 | 2020 | |
| £ | £ | |
| Aggregate compensation | 21 1173 | 22 1737 |
| 23 Cash generated from operations |
2021 | 2020 |
| £ | £ | |
| Surplus for the year | 35 7688 | 30 1521 |
| Adjustments for: | ||
| Depreciation and impairment of tangible fixed assets | 2 7536 | 3 7379 |
| Movements in working capital: | ||
| Decrease/(increase) in debtors | 1 337 | (5,986) |
| Increase in creditors | 7 7381 | 281 |
| (Decrease) in deferred income | (39,761) | (42,607) |
| Cash generated from/(absorbed by) operations | 7 7181 | (14,412) |