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|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Report ofthe Independent
Auditors|7|to|8|
|Statement ofFinancial A.ctivities||||
|Statentent ofFinancial Position|10|to|11|
|Statement ofCash Flows||12||
|Notes to the Statement ofCash Flows||13||
|Notes to the Financial Statements|14|to|23|
|Detailed Statement ofFinancial Activities|24|to|25|
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
|||Notes|funds
f,|fundsI|funds|funds|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies|||458,827|41392|500,119|478,444|
|Charitable
acnvities|||||||
|Property rental|||10,740||10,740|11,490|
|Other trading activities|||267,332||267,332|431,591|
|Investment
incoine|||395||395|542|
|Total|||737/94|41/92|778,586|922,067|
|EXPENDITURE ON|||||||
|Raising funds||7|521,917|19,741|541,658|581,418|
|Charitable
activities||8|||||
|Central premism
and administration
Youth, schools k community|costs||326,461
26,406|540
33,330|327,001
59,736|305,919
59,291|
|Solomon project||||216|216|24,000|
|Total|||874,784|53,827|928,611|970,628|
|NET INCOME/(EXPENDITURE)|||(137,490)|(12,535)|(150,025)|(48,561)|
|Transfers between ftmds||18|(11,055)|11,055|||
|Net movement
in funds|||(148,545)|(1,480)|(150,025)|(48,561)|
|RECONCILIATION
OFFUNDS|||||||
|Total funds brought forward|||4,905,562|7,455|4,913,017|4,961,578|
|TOTAL FUNDS CARRIED FORWARD|||4,757,017|5,975|4,762,992|4,913,017|
##
|||||2020|2019|
|---|---|---|---|---|---|
|||Unrestricted||Total|Total|
|||funds||funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets|14|4,741,346||4,741,346|4,875,630|
|CURRENT ASSETS||||||
|Stocks|15|1,711||1,711|4,124|
|Debtors|16|22,814||22,814|42,577|
|Cash atbank and in hand||160,541|5,974|166,515|133,215|
|||185,066|5,974|191,040|179,916|
|CREDITORS||||||
|Amounts
falling due within one year|17|(169,395)|1|(169,394)|(142,529)|
|NET CURRENT ASSETS||15,671|5,975|21,646|37,387|
|TOTAL ASSETSLESSC~||||||
|LIABILITIES||4,757,017|5,975|4,762,992|4,913,017|
|NET ASSETS||4,757,017|5,975|4,762,992|4,913,017|
|FUNDS|18|||||
|Unrestricted
funds||||4,757,017|4,905,562|
|Restricted funds||||5,975|7,455|
|TOTAL FUNDS||||4,762,992|4,913,017|
##
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||||||STATEMENT OFCASH FLOWS||
|---|---|---|---|---|---|---|
||||||forthe year ended 31August 2020||
||||||2020|2019|
||||||Notes||
|Cash flows from operating||activities|||||
|Cash generated
&om operations|||||52,044|29,750|
|Net cash provided by operating|||activities||52,044|29,750|
|Cash fiows from investing||activities|||||
|Purchase oftangible fixed|assets||||(28,259)|(55,641)|
|Sale oftangible fixed assets|||||9,120||
|Interest received|||||395|542|
|Net cash used in investing|activities||||(18,744)|(55,099)|
|Change in cash and cosh|equivalents|||in|||
|the reporting
period|||||33,300|(25,349)|
|Cash and cash equivalents||at|the||||
|beginning ofthe repordng||period|||133,215|158,564|
|Cash and cash equivalents||at|the end|of|||
|the reporting
period|||||166,515|133,215|
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|ACTIVITIES|||||
|---|---|---|---|---|
||||2020|2019|
|Net expenditure
for the reporting period (asper the Statement of|||||
|Financial Aciivities)|||(150,025)|(48,561)|
|Adjustments
for:|||||
|Depreciation
charges|||150,400|141,842|
|Loss on disposal of|fixed assets||3,023||
|Interest received|||(395)|(542)|
|Decrease in stocks|||2,413|754|
|Decrease/(increase)|in debtors||19,763|(2,049)|
|Increase/(decrease)|in creditors||26,865|(61,694)|
|Net cash provided|by operations||52,044|29,750|
|ANALYSIS OFCHANGES IN NET FUNDS|||||
|||At 1/9/19|Cash flow|At 31/8/20|
||||I|f|
|Net cash|||||
|Cash at bank and in|hand|133,215|33,300|166,515|
|||133415|33,300|166,515|
|Total||133,215|33,300|166,515|
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|DONATION|S AND LEGACIES|||
|---|---|---|---|
|||2020|2019f|
|Gifis||2|1|
|Donations||315,419|429,379|
|Gmnts||184,698|49,064|
|||500,119|478,444|
|OTHER TRADING ACTIVITIES||||
|||2020|2019|
||||8|
|Cafe||89,516|167,047|
|Commercial|events|151,804|230,283|
|Creative learning||26,012|34,261|
|||267,332|431,591|
##
##
|INVESTMENT|INCOME|||||
|---|---|---|---|---|---|
|||||2020|2019|
|Deposit account interest||||395|542|
|INCOME FROM CHARITABLE ACTIVITIES||||||
|||||2020|2019|
|||Activity||||
|Sundry income||Property rental||10,740|11,490|
|RAISING FUNDS||||||
|Other trading activities||||||
|||||2020|2019|
|Staffcosts||||270,002|258,507|
|Advertising||||22,461|30,462|
|Events||||109,577|177,149|
|Food&beverages
Telephone &internet||||40,382
1,949|67,887
1,881|
|Printing, postage|&stationery|||2,893|3,695|
|Sundries||||32|189|
|Travelling||||2,094|2,905|
|Cleaning||||2,179|3,932|
|Insurance||||6,863|6,832|
|Creative learning||||17,854|24,215|
|Rates and water||||4,749|6,350|
|Light and heat||||10,052|(13,017)|
|Information
systems||||7,563|9,068|
|Staffexpenses||||684|537|
|Staffrecruitment|and training|||588|826|
|Exceptional
item|- redundancy|||41,736||
|||||541,658|581,418|
|CHARITABLE|ACTIVITIES|COSTS||||
|||||Support||
||||Direct|costs (see||
||||Costs|note 9)|Totals|
|Central premises and administration||||||
|cos'ts
Youth, schools &community|||205,956
55,711|121,045
4,025|327,001
59,736|
|Solomon project|||216||216|
||||261,883|125,070|386,953|
##
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|SUPPORT COSTS|||||
|---|---|---|---|---|
||||Governance||
|||Management|costs|Totals|
|Central premises
and administration|costs|94,664|26,381|121,045|
|Youth, schools &conununity|||4,025|4,025|
|||94,664|30,406|125,070|
|NET INCOME/(EXPENDITURE)|||||
|Net income/(expenditure)
is stated atter charging/(crediting):|||||
||||2020|2019|
|Auditors'
remuneration|||1,675|1,620|
|Auditors'
remuneration
for non audit|work||4,350|5,030|
|Depreciation
-owned assets|||150,400|141,842|
|Deficit on disposal offixed assets|||3,023||
##
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##
||for the year ended 31August 2|for the year ended 31August 2|for the year ended 31August 2|020|||
|---|---|---|---|---|---|---|
|COMPARATIVES FORTHE|STATEMENT OFFINANCIAL|||ACTIVITIES|||
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||f||8|
|INCOME AND ENDOWMENTS||FROM|||||
|Donations
and legacies||||419,728|58,716|478,444|
|Charitable
activities|||||||
|Pmperiy rental||||11,490||11,490|
|Other trading activities||||429,643|1,948|431,591|
|Investment
income||||542||542|
|Total||||861,403|60,664|922,067|
|EXPENDITURE ON|||||||
|Raising funds||||550,792|30,626|581,418|
|Charitable
activities|||||||
|Central premises and administration
Youth, schools &connnonity
Solomon pmject||costs||305,532
24,967|387
34,324
24,000|305,919
59,291
24,000|
|Total||||881,291|89,337|970,628|
|NET INCOME/(EXPENDITURE)||||(19,888)|(28,673)|(48,561)|
|Transfers
between funds||||(15,486)|15,486||
|Net ruovement
in funds||||(35,374)|(13,187)|(48,561)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward||||4,940,936|20,642|4,961,578|
|TOTAL FUNDS CARRIED FORWARD||||4,905,562|7,455|4,913,017|
|Total kcy management
personnel|remuneration||wasf33,475.||||
##
##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||||Leasehold||
|||Freehold|property|Plant and|
|||property|improvements|tnachinery|
|COST|||||
|At 1 September 2019||6486,621|394,997|981,953|
|Additions||||28,259|
|Disposals||||(28,203)|
|At 31August 2020||6,286,621|394,997|982,009|
|DEPRECIATION|||||
|At 1 September 2019||1,501,219|394,997|906,983|
|Charge foryear||122,998||16,511|
|Eliminated
on disposal||||(16,060)|
|At 31August 2020||1,624,217|394,997|907,434|
|NETBOOKVALUE|||||
|At 31August 2020||4,662,404||74,575|
|At 31August 2019||4,785,402||74,970|
||Fixtures||||
||arid|Motor|Computer||
||fittings|vehicles|equipment|Totals|
|||||f,|
|COST|||||
|At 1 September 2019|189,429|23,426|107,989|7,984,415|
|Additions||||28759|
|Disposals||||(28,203)|
|At 31August 2020|189,429|23,426|107,989|7,984,471|
|DEPRECIATION|||||
|At 1 September 2019|183,156|21451|101,179|3,108,785|
|Charge for year|6473|550|4,068|150,400|
|Eliminated
on disposal||||(16,060)|
|At 31August 2020|189,429|21,801|105,247|3,243,125|
|NET BOOKVALUE|||||
|At 31August 2020||1,625|2,742|4,741,346|
|At 31August 2019|6,273|2,175|6,810|4,875,630|
##
|15.|STOCKS|||||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|||||||6||
||Stocks|||||1,711|4,124|
|16.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
|||||||2020f|2019|
||Trade debtors|||||476|3,826|
||Other debtors||||||1,577|
||VAT||||||5,929|
||Prepayments|||||22,338|31,245|
|||||||22,814|42,577|
|17.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
|||||||2020|2019|
|||||||8|I|
||Trade creditors|||||24,578|28,931|
||Social security and||other taxes|||17,558|7,247|
||VAT|||||4,291||
||Other creditors|||||3,599|3,691|
||Accruals and deferred income|||||119,368|102,660|
|||||||169,394|142,529|
|18.|MOVEMENT IN||FUNDS|||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1/9/19|in funds|funds|31/8/20|
||Unrestricted
funds|||||||
||Working capital fund|||4,905,562|(137,490)|(11,055)|4,757,017|
||Restricted funds|||||||
||Solomon Project
Children &Youth|||2,295|3,680
(8,184)|8,184|5,975|
||My Skillz|||404||(404)||
||School radio project|||191|(2,687)|2,496||
||Intergenerational|dance||1,008||(1,008)||
||The Grab school competition|||3,557|(10,837)|7,280||
||My Skillz Autumn||2018/19||1,343|(1,343)||
||Various||||4,150|(4,150)||
|||||7,455|(12,535)|11,055|5,975|
||TOTAL FUNDS|||4,913,017|(150,025)||4,762,992|
##
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resotuccs
f.|expended|in funds
I|
|Unrestricted
funds||||||
|Working capital fund|||737,294|(874,784)|(137,490)|
|Restricted funds||||||
|Solomon Project|||3,896|(216)|3,680|
|Children &Youth|||29,246|(37,430)|(8,184)|
|School radio project||||(2,687)|(2,687)|
|The Grab school cotnpetition
My Skillz Autumn
2018/19|||4,000|(10,837)
(2,657)|(10,837)
1,343|
|Various|||4,150||4,150|
||||41,292|(53,827)|(12,535)|
|TOTAL FUNDS|||778,586|(928,611)|(150,025)|
|Comparatives
for movement||in funds||||
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1/9/18|in funds|funds|31/8/19|
|||||8|I|
|Unrestricted
funds||||||
|Working capital fund||4,940,936|(19,888)|(15,486)|4,905,562|
|Restricted funds||||||
|Solomon Project||16,642|(14,347)||2495|
|Children &Youth|||(15,486)|15,486||
|My Skillz|||||404|
|School radio project|||191||191|
|Intergenerational|dance||1,008||1,008|
|The Grab school competition|||3,557||3,557|
|My Skillz Aututnn|2018/19|4,000|(4,000)|||
|||20,642|(28,673)|15,486|7,455|
|TOTAL FUNDS||4,961,578|(48,561)||4,913,017|
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended
f|in funds
6|
|Unrestricted
funds|||||
|Working capital fund||861,403|(881,291)|(19,888)|
|Restricted funds|||||
|Solomon Project
Children &Youth||9,653
28,317|(24,000)
(43,803)|(14,347)
(15,486)|
|My Skillz||4,000|(3,596)|404|
|School radio project||3,497|(3,306)|191|
|Intergenerational|dance|3,300|(2,292)|1,008|
|The Grab school competition||6,191|(2,634)|3,557|
|Grab||1,500|(1,500)||
|My Skillz Autumn|2018/19||(4,000)|(4,000)|
|Various||4406|(4,206)||
|||60,664|(89,337)|(28,673)|
|TOTAL FUNDS||922,067|(970,628)|(48,561)|
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1/9/1 8|in funds|funds|31/8/20|
||||6|||
|Unrestricted
funds||||||
|Working capital fund||4,940,936|(157,378)|(26,541)|4,757,017|
|Restricted funds||||||
|Solomon Project||16,642|(10,667)||5,975|
|Children &Youth|||(23,670)|23,670||
|My Skillz|||404|(404)||
|School radio project|||(2,496)|2,496||
|Intergenerationsl|dance||1,008|(1,008)||
|The Grab school competition|||(7,280)|7,280||
|My Skillz Autumn|2018/19|4,000|(2,657)|(1,343)||
|Various|||4,150|(4,150)||
|||20,642|(41,208)|26,541|5,975|
|TOTAL FUNDS||4,961,578|(198,586)||4,762,992|
##
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted
funds|||||
|Working capital fund||1,598,697|(1,756,075)|(157,378)|
|Restricted funds|||||
|Solomon Pmject||13,549|(24,216)|(10,667)|
|Children
tk Youth||57,563|(81,233)|(23,670)|
|My Skillz||4,000|(3,596)||
|School radio project||3,497|(5,993)|(2,496)|
|Intergenerational|dance|3,300|(2,292)|1,008|
|The Grab school competition||6,191|(13,471)|(7,280)|
|Grab||1,500|(1,500)||
|My Skillz Autumn|2018/19|4,000|(6,657)|(2,657)|
|Various||8,356|(4406)|4,150|
|||101,956|(143,164)|(41,208)|
|TOTAL FUNDS||1,700,653|(1,899,239)|(198,586)|
##
##
##
||DETAIL|ED STATEMENT OF FINANCIAL ACTIVI|TIES||
|---|---|---|---|---|
|||for the year ended 31August 2020|||
||||2020|2019|
|INCOME AND|ENDOWMENTS||||
|Doaatious and legacies|||||
|Gifts|||2|1|
|Donations|||315,419|429,379|
|Grants|||184,698|49,064|
||||500,119|478,444|
|Other trading activities|||||
|Cafe|||89,516|167,047|
|Coininercial
events|||151,804|230,283|
|Creative learning|||26,012|34,261|
||||267,332|431,591|
|Investment
income|||||
|Deposit account interest|||395|542|
|Charitable
activities|||||
|Sundty income|||10,740|11,490|
|Total incoming resources|||778,586|922,067|
|Other trading activities|||||
|Wages|||249,117|237,453|
|Social security|||12,779|14,015|
|Pensions|||8,106|7,039|
|Advertising|||22,461|30,462|
|Events|||109,577|177,149|
|Food &beverages|||40,382|67,887|
|Telephone &internet|||1,949|1,881|
|Printing, postage|&stationery||2,893|3,695|
|Sundries|||32|189|
|Travelling|||2,094|2,905|
|Cleaning|||2,179|3,932|
|Insurmce|||6,863|6,832|
|Creative learning|||17,854|24,215|
|Rates and water|||4,749|6,350|
|Light and heat|||10,052|(13,017)|
|Information
systems|||7,563|9,068|
|Staff expenses|||684|537|
|Staffrecruitment|and training||588|826|
|Exceptional item|- redundancy||41,736||
||||541,658|581,418|
##
||for tbe year ended 31Aug|ust 2020||
|---|---|---|---|
|||2020|2019|
|Other trading activities||||
|Charitable
activities||||
|Wages||44,348|42,357|
|Social security||3,029|2,639|
|Pensions||1,774|1,260|
|Rates and water||4,749|6,349|
|Insurance||6,863|6,832|
|Light and heat||10,052|(13,017)|
|Telephone &internet||1,949|1,880|
|Printing, postage &stationery||723|924|
|Sundries||32|188|
|Repairs &renewals||17,436|31,860|
|Cleaning||2,179|3,931|
|Travelling||2,094|2,904|
|Information
systems||1,891|2,267|
|Subscriptions||592|1,422|
|Motor expenses||2,313|3,142|
|Advertising||5,615|7,616|
|Staffexpenses||684|536|
|Staffrecruitinent
and training||588|825|
|Health, safety and fire protec tion||548|1,978|
|Donations|||24,000|
|Depreciation offieehold||122,998|122,998|
|Depreciation ofplant||16,511|8,536|
|Depreciation offixtures||6,273|6,273|
|Depreciation ofinotor vehicles||550|550|
|Depreciation ofcomputers||4,069|3,486|
|Loss on sale oftangible fixed assets||3,023||
|Exceptional item - redundancy||1,000||
|||261,883|271,736|
|Support costs||||
|Management||||
|Wages||83,228|82,968|
|Social security||7,885|7,926|
|Pensions||3,551|3,025|
|||94,664|93,919|
|Governance
costs||||
|Auditors'
remuneration||1,675|1,620|
|Auditors'
remuneration|for non audit work|4,350|5,030|
|Payroll fees||2,037|1,515|
|Legal and professional|fees|9,144|8,765|
|Bank charges||4,160|6,625|
|Exceptiorni item - redundancy||9,040||
|||30,406|23,555|
|Total resources expended||928,611|970,628|
|Net expenditure||(150,025)|(48,561)|