REGISTERED COMPANY NUMBER: 05304570 (England and Wales) REGISTERED CHARITY NUMBER: 1113659
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FOR
WARNING ZONE LIMITED
Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
WARNING ZONE LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | to | 6 |
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Notes to the Financial Statements | 10 | to | 22 |
| Detailed Statement of Financial Activities | 23 | to | 24 |
WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
The Trustees present their report with the financial statements of the Charity for the year ended 31 August 2021. The Trustees have adopted the provisions of the Financial Reporting Standard 102, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
OBJECTIVES AND ACTIVITIES Significant activities Objectives
The charity strives to maintain its position as the leading organisation delivering safeguarding programmes to children and young people in the East Midlands.
Activities
With the expectation that lockdown restrictions would lift in the Autumn term of 2020, staff and volunteers prepared for a re-opening date of October. This was generally welcomed by schools and, although some still remained cautious, bookings were taken, and groups of school children began to return to attend sessions at Frog Island. We were not able to conduct Road Crew sessions at this time for safety reasons, given the large numbers of young people attending any one session.
This re-opening met with mixed success, as schools were occasionally forced to cancel their visit due to detection of Covid cases amongst the cohort due to visit, so attendance was sporadic and unpredictable. The renewed lockdown status in December meant that suspension of all activities once again became inevitable.
This was a source of disappointment and frustration to all concerned; however, the Board were consistent in exercising caution at all times and have met regularly with the CEO to keep the situation under review.
As 2021 progressed further and lockdown measures relaxed into the spring, the decision was taken to re-open in May. Due to social distancing measures still being very much in place, there was a requirement to reduce the number of places available at any one session, but this did not deter schools and every session available was booked until the end of the academic year.
Frog Island remained open during the summer holidays to accommodate additional sessions for young people who had missed out on their visit during the year. These were very well attended and brought a number of parents into the centre to accompany their children.
The centre is now fully booked for academic year 2021/22 and bookings are being taken again for Road Crew sessions.
The charity recognises the critical importance of remaining current with regards to the ever-changing nature of risks which can have such a negative impact on children and young people. It also recognises that many young people have not been able to access important messages on staying safe and managing risks during the pandemic. The staff have developed a series of activities which can be delivered by teaching staff in schools, and which complement the learning that would take place during a safety centre session. This forms part of a wider plan to increase the scope of the safety centre sessions.
The charity remains indebted to its volunteers without whose dedication and professionalism our programmes could not be delivered. Volunteer numbers have reduced during Covid. Older volunteers have been understandably concerned about risks to remaining healthy and our young volunteers have mostly been affected by university responses to the pandemic. A new recruitment programme is underway to ensure that our guiding needs can be met during 2021/22.
Page 1
WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
FINANCIAL REVIEW Financial review
Financial review
At the start of the period under review the charity held an outstanding debt of £100,000 in the form of an interest free, unsecured loan to be repaid over 5 years at £20,000 per year. Trustees were confident that this charity could continue to meet its repayment obligations.
Frog Island school visits were severely impacted during lockdown, which had an impact upon income. Schools, however, are keen to return to the centre and bookings for the summer term and the new academic year have been quickly filled.
Fundraising activity remained curtailed in terms of traditional events, however, applications to grant making bodies continued to be successful and two virtual events also contributed to income. Corporate support also hesitated for a while as companies were uncertain about their own position in the pandemic. However, as restrictions eased, longstanding offers of support started to be realised.
Warning Zone continued to take advantage of the Job Retention Scheme and the flexibility of this opportunity has enabled the charity to continue its operations, albeit in a limited way, whilst still mitigating some of its costs.
In June 2020 Warning Zone was successful in its application for a government Coronavirus Bounce Back loan of £50,000 and the charity is on target to meet its repayment obligations. The Trustees also explored at length the option of a CBIL but ultimately decided against taking up this offer. It was felt that the cashflow projections at the time were satisfactory enough to manage without additional debt and that the loan guarantees, to include all assets of the charity, were higher than the loan value merited.
Whilst the net assets of the charity have increased it should be remembered that its main asset, namely the building it owns and occupies, is fully utilised to deliver the safeguarding programmes to visitors. In other words, it is designed and equipped with the sole purpose in mind of carrying out the business of the charity.
Reserves policy
The charity requires General Reserves, that is, funds that are freely available for the Trustees to spend in furtherance of the objects, in order to bridge the funding gap between spending on the operational activities and receiving resources through grants that provide funding.
The Trustees believe that an ideal level of General Reserves, excluding those designated for fixed assets, would be equivalent to approximately three months fixed expenditure which, based on existing budgets, will be approximately £65,000.
A t 31 August 2021, the General Reserves were £139,660. The Trustees continue to explore all avenues to improve this position and are mindful that they will need to use management accounts and other financial information to monitor the level of reserves to ensure that they remain both appropriate and adequate for the charity's needs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was incorporated on 3rd December 2004 as a company limited by guarantee, not having a share capital, and is governed by its Memorandum and Articles of Association of that date. It was registered as a charity by the Charity Commissioners for England and Wales on 6th April 2006.
Each of the members has agreed to contribute the sum of £1 in the event of the charity being wound up.
Page 2
WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Trustees are nominated from persons who through residence, occupation, employment or otherwise have special knowledge of the area of benefit, or who are otherwise able, by virtue of their personal or professional qualifications, to make a significant contribution to the pursuit of the objects or the management of the charity.
Induction and training of new trustees
New trustees are briefed on their legal obligations under charity and company law, the contents of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the company. During the briefing they are also given a tour of the charity's premises and are introduced to the employees and other trustees. All trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05304570 (England and Wales)
Registered Charity number
1113659
Registered office
30 Frog Island off North Bridge Place Leicester Leicestershire LE3 5AG
Trustees
Mrs H L Johnson Mr A M Kapur Mr G D Arthur Mr C Mitchell Mrs L H Foulkes-Arnold Colonel R C J Martin
Independent Examiner
Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
Bankers
HSBC Bank plc 2-6 Gallowtree Gate Leicester LE1 1DA
Honorary Treasurer
Mr A M Kapur is the Honorary Treasurer of the charity.
Page 3
WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 17 March 2022 and signed on its behalf by:
Mrs L H Foulkes-Arnold - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)
Independent examiner's report to the trustees of Warning Zone Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our work, for this report, or for the opinions we have formed.
Mr P Bott FCA Institute of Chartered Accountants in England and Wales Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
17 March 2022
Page 6
WARNING ZONE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Contribution Towards Programme Delivery Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds 6 Charitable activities Programme Delivery Total NET INCOME/(EXPENDITURE) Transfers between funds 17 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 290,772 17,482 30,757 7 339,018 790 270,217 271,007 68,011 6,252 74,263 65,397 139,660 |
Designated Funds £ - - - - - - 42,756 42,756 (42,756) - (42,756) 853,663 810,907 |
Restricted funds £ 20,000 - - - 20,000 - 40,905 40,905 (20,905) (6,252) (27,157) 86,968 59,811 |
2021 Total funds £ 310,772 17,482 30,757 7 359,018 790 353,878 354,668 4,350 - 4,350 1,006,028 1,010,378 |
2020 Total funds £ 255,738 58,862 37,480 33 |
|---|---|---|---|---|---|
| 352,113 4,433 372,436 |
|||||
| 376,869 | |||||
| (24,756) - |
|||||
| (24,756) 1,030,784 |
|||||
| 1,006,028 |
The notes form part of these financial statements
Page 7
WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)
BALANCE SHEET 31 AUGUST 2021
| Notes FIXED ASSETS Tangible assets 11 Investment property 12 CURRENT ASSETS Debtors 13 Cash at bank and in hand CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 15 NET ASSETS FUNDS 17 Unrestricted funds: General fund Scenarios Operational Freehold Property Revaluation reserve Restricted funds TOTAL FUNDS |
Unrestricted fund £ 13,633 - 13,633 151 182,509 182,660 (18,554) 164,106 177,739 (38,079) 139,660 |
Designated Funds £ 785,908 125,000 910,908 - - - (20,000) (20,000) 890,908 (80,000) 810,908 |
Restricted funds £ 35,713 - 35,713 - 24,097 24,097 - 24,097 59,810 - 59,810 |
2021 Total funds £ 835,254 125,000 960,254 151 206,606 206,757 (38,554) 168,203 1,128,457 (118,079) 1,010,378 139,660 741 789,559 20,608 950,568 59,810 1,010,378 |
2020 Total funds £ 884,164 125,000 |
|---|---|---|---|---|---|
| 1,009,164 6,364 148,730 |
|||||
| 155,094 (28,230) |
|||||
| 126,864 | |||||
| 1,136,028 (130,000) |
|||||
| 1,006,028 | |||||
| 65,397 29,496 803,559 20,608 |
|||||
| 919,060 | |||||
| 86,968 | |||||
| 1,006,028 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The notes form part of these financial statements
continued...
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WARNING ZONE LIMITED (REGISTERED NUMBER: 05304570)
BALANCE SHEET - continued 31 AUGUST 2021
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 17 March 2022 and were signed on its behalf by:
Mrs L H Foulkes-Arnold - Trustee
Mr A M Kapur - Trustee
The notes form part of these financial statements
Page 9
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
WARNING ZONE LIMITED
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, as modified by the revaluation of certain assets.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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
Expenditure of a capital nature is capitalised at cost (or at value to the charity in the case of donated assets) as fixed assets within the relevant fund. Depreciation is provided on a straight-line basis so as to write off fixed assets over their anticipated useful economic lives and is charged to the relevant fund as follows:
| Operational freehold property | At 2% per annum |
|---|---|
| Scenarios | At 20% per annum |
| Fixtures & fittings | At 20% per annum |
| Office and I.T. equipment | At 33% per annum |
| Motor vehicles | At 20% per annum |
Scenarios includes all expenditure incurred, including the purchase of equipment, in creating life like simulations to educate visitors to the safety centre in personal safety and social responsibility issues in the home and the community.
No depreciation is provided on assets which are in the course of construction, prior to being brought into operational use, or on freehold land.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is included within the SOFA and a fair value reserve as part of unrestricted funds.
continued...
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WARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES - continued
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.
Designated funds are unrestricted funds which the Trustees have earmarked for particular purposes.
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Going Concern
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
Government Grants
Government grants received under the job retention scheme are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.
continued...
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WARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
2. DONATIONS AND LEGACIES
| Donations Grants Donated services and facilities Government Grants |
2021 £ 113,027 131,921 14,925 50,899 310,772 |
2020 £ 89,235 109,500 16,767 40,236 |
|---|---|---|
| 255,738 |
During the year the company received monies under the Conronavirus Job Retention Scheme being £50,899 in wages.
Donated services and facilities, included in the above, are as follows:
| Year Ended | Year Ended | Year Ended | Year Ended | |
|---|---|---|---|---|
| 31.8.21 | 31.8.20 | |||
| £ | £ | |||
| Services of a seconded Fire Officer | 12,170 | 10,866 | ||
| Notional interest on interest-free/preferential loans | 2,600 | 3,250 | ||
| Miscellaneous | 155 | 2,651 | ||
| 14,925 | 16,767 | |||
| Grants received, included in the above, are as follows: Office of the Police and Crime Commissioner Leicester, Leicestershire and Rutland Road Safety Partnership The Rank Foundation St Philip's Centre National Lottery Funding Other grants |
2021 £ 50,000 12,500 43,199 19,250 - 6,972 131,921 |
2020 £ 50,000 10,000 20,000 17,000 6,700 5,800 109,500 |
continued...
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WARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
| 3. OTHER TRADING ACTIVITIES Fundraising events Rental income 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Direct income from schools Contribution Towards Programme Delivery 6. RAISING FUNDS Raising donations and legacies Fundraising events 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Independent examiners remuneration Depreciation - owned assets |
2021 £ 9,036 21,721 30,757 2021 £ 7 2021 £ 17,482 2021 £ 790 2021 £ 3,402 61,560 |
2020 £ 10,037 27,443 |
|---|---|---|
| 37,480 | ||
| 2020 £ 33 2020 £ 58,862 |
||
| 2020 £ 4,433 2020 £ 3,300 62,701 |
continued...
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
WARNING ZONE LIMITED
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
9. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Employees |
2021 £ 198,663 13,765 3,509 215,937 2021 12 |
2020 £ 197,941 9,569 3,236 |
|---|---|---|
| 210,746 | ||
| 2020 12 |
No employees received emoluments in excess of £60,000.
Included within staff costs is £12,170 (2020: £10,866) being the deemed expense in relation to the donated services of the seconded Fire Officer(s).
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 AUGUST 2020
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Contribution Towards Programme Delivery Other trading activities Investment income Total EXPENDITURE ON Raising funds |
Unrestricted fund £ 227,038 58,862 37,480 33 323,413 4,433 |
Designated Funds £ - - - - - - |
Restricted funds £ 28,700 - - - 28,700 - |
Total funds £ 255,738 58,862 37,480 33 |
|---|---|---|---|---|
| 352,113 4,433 |
continued...
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WARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
| 10. COMPARATIVES FOR THE STATEMENT OF Charitable activities Programme Delivery Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 11. TANGIBLE FIXED ASSETS COST At 1 September 2020 Additions At 31 August 2021 DEPRECIATION At 1 September 2020 Charge for year At 31 August 2021 NET BOOK VALUE At 31 August 2021 At 31 August 2020 |
FINANCIAL ACTIVITIES - 31 AUGUST 2020 - Unrestricted Designated Restricted fund Funds funds £ £ £ 304,139 42,397 25,900 308,572 42,397 25,900 14,841 (42,397) 2,800 50,556 896,060 84,168 65,397 853,663 86,968 Freehold property Scenarios £ £ 875,000 405,693 - - 875,000 405,693 75,833 326,976 14,000 41,755 89,833 368,731 785,167 36,962 799,167 78,717 |
continued Total funds £ 372,436 376,869 (24,756) 1,030,784 1,006,028 Fixtures and fittings £ 45,240 10,890 56,130 43,310 3,053 46,363 9,767 1,930 |
|---|---|---|
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continued...
WARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
11. TANGIBLE FIXED ASSETS - continued
| TANGIBLE FIXED ASSETS - continued | |||
|---|---|---|---|
| Motor | Computer | ||
| vehicles | equipment | Totals | |
| £ | £ | £ | |
| COST | |||
| At 1 September 2020 | 7,800 | 43,818 | 1,377,551 |
| Additions | - | 1,760 | 12,650 |
| At 31 August 2021 | 7,800 | 45,578 | 1,390,201 |
| DEPRECIATION | |||
| At 1 September 2020 | 4,680 | 42,588 | 493,387 |
| Charge for year | 1,560 | 1,192 | 61,560 |
| At 31 August 2021 | 6,240 | 43,780 | 554,947 |
| NET BOOK VALUE | |||
| At 31 August 2021 | 1,560 | 1,798 | 835,254 |
| At 31 August 2020 | 3,120 | 1,230 | 884,164 |
Operational freehold property consists of the commercial premises at Frog Island, Leicester which the charity purchased in December 2009 for £418,695, including professional fees of £4,045 which were paid for by a benefactor. Subsequent capital expenditure has been incurred in the redevelopment of the premises into a state of the art centre and operational headquarters for the charity. Alongside this redevelopment, the property has been fitted out with a series of interactive safety Scenarios.
The property is occupied in the main by the charity for charitable purposes, however 12.5% of the property is also rented out to a third party. The freehold property on the balance sheet represents the part of the property occupied by the charity.
The company has taken advantage of the transitional arrangements and adopted the valuation of the property as cost for the future. No further revaluations, other than any required for impairment, will be recognised in the accounts. The recent valuation undertaken by APB (Leicester) LLP Chartered Surveyors at an open market value of £1,000,000 has been adopted.
No depreciation is provided on the cost of land included within the freehold property. The estimated cost of land attributable to the freehold portion is £175,000.
If no revaluation had been undertaken the portion attributable to freehold property would show at the following historical cost.
| £ | |
|---|---|
| Cost | |
| At 1st September 2020 and 31 August 2021 | 904,814 |
| Depreciation based on cost | |
| At 1st September 2020 | 129,484 |
| Charge for the year | 14,596 |
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continued...
WARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
11. TANGIBLE FIXED ASSETS - continued
| At 31 August 2021 | 144,080 |
|---|---|
| Net book value | |
| At 31 August 2021 | 760,734 |
| At 1st September 2020 | 775,330 |
12. INVESTMENT PROPERTY
£
| FAIR VALUE At 1 September 2020 and 31 August 2021 NET BOOK VALUE At 31 August 2021 At 31 August 2020 |
125,000 |
|---|---|
| 125,000 | |
| 125,000 |
Investment property comprises the tenanted area of the freehold building owned by the charity. In accordance with FRS 102 this building has been split into its two parts and the investment property on the balance sheet represents the part of the property that is rented out.
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Prepayments and accrued income |
2021 £ 63 88 151 |
2020 £ 6,276 88 |
|---|---|---|
| 6,364 |
continued...
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WARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Bank loans and overdrafts (see note 16) Other loans (see note 16) Other creditors Social security and other taxes Other creditors Accruals and deferred income CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 16) Other loans (see note 16) |
|
|---|---|
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
16. LOANS
During 2019 the charitable company received an interest free loan of £100,000 from the Everard Foundation, for which repayments are due at £20,000 per annum over a 5 year period. No repayments have yet been made. Notional interest on the loan, calculated at 2.5% above the Bank of England Base Rate, has been included as a resource expended and as an incoming resource within Donated services and gifts in kind.
continued...
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WARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
17. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||||
|---|---|---|---|---|---|---|
| Unrestricted funds General fund Scenarios Operational Freehold Property Revaluation reserve Restricted funds Aviva Water Zone WZ Roadcrew National Lottery Funding Bruce Wake Charitable Foundation TOTAL FUNDS Net movement in funds, included in the above are a Unrestricted funds General fund Scenarios Operational Freehold Property Restricted funds Aviva Water Zone WZ Roadcrew National Lottery Funding TOTAL FUNDS |
At 1.9.20 £ 65,397 29,496 803,559 20,608 919,060 7,751 47,667 24,597 4,953 2,000 86,968 1,006,028 s follows: |
Net movement in funds £ 68,011 (28,755) (14,000) - 25,256 (749) (13,000) (2,204) (4,953) - (20,906) 4,350 Incoming resources £ 339,018 - - 339,018 - - 20,000 - 20,000 359,018 |
Transfers between funds £ 6,252 - - - 6,252 (6,252) - - - - (6,252) - Resources expended £ (271,007) (28,755) (14,000) (313,762) (749) (13,000) (22,204) (4,953) (40,906) (354,668) |
At 31.8.21 £ 139,660 741 789,559 20,608 950,568 750 34,667 22,393 - 2,000 59,810 1,010,378 Movement in funds £ 68,011 (28,755) (14,000) 25,256 (749) (13,000) (2,204) (4,953) (20,906) 4,350 |
||
continued...
Page 19
WARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Scenarios Operational Freehold Property Revaluation reserve Restricted funds Aviva Water Zone WZ Roadcrew National Lottery Funding Bruce Wake Charitable Foundation TOTAL FUNDS |
At 1.9.19 £ 50,556 57,893 817,559 20,608 946,616 8,501 60,667 15,000 - - 84,168 1,030,784 |
Net movement in funds £ 14,841 (28,397) (14,000) - (27,556) (750) (13,000) 9,597 4,953 2,000 2,800 (24,756) |
At 31.8.20 £ 65,397 29,496 803,559 20,608 |
|---|---|---|---|
| 919,060 7,751 47,667 24,597 4,953 2,000 |
|||
| 86,968 | |||
| 1,006,028 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Scenarios Operational Freehold Property Restricted funds Aviva Water Zone WZ Roadcrew National Lottery Funding Bruce Wake Charitable Foundation TOTAL FUNDS |
Incoming resources £ 323,413 - - 323,413 - - 20,000 6,700 2,000 28,700 352,113 |
Resources Movement expended in funds £ £ (308,572) 14,841 (28,397) (28,397) (14,000) (14,000) (350,969) (27,556) (750) (750) (13,000) (13,000) (10,403) 9,597 (1,747) 4,953 - 2,000 (25,900) 2,800 (376,869) (24,756) |
Resources Movement expended in funds £ £ (308,572) 14,841 (28,397) (28,397) (14,000) (14,000) (350,969) (27,556) (750) (750) (13,000) (13,000) (10,403) 9,597 (1,747) 4,953 - 2,000 (25,900) 2,800 (376,869) (24,756) |
|---|---|---|---|
| (27,556) (750) (13,000) 9,597 4,953 2,000 |
|||
| 2,800 | |||
| (24,756) |
continued...
Page 20
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
WARNING ZONE LIMITED
17. MOVEMENT IN FUNDS - continued
Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charity's objects.
Designated funds are unrestricted funds which have been earmarked for particular purposes as follows: Expenditure on the purchase and redevelopment of Operational Premises and the creation of Scenarios, which have in whole or in part been funded out of restricted funds (see below), is transferred to separate designated funds, net of the loans secured on the assets. These funds are reduced over the useful economic lives of the assets in line with their depreciation.
Water Zone
Whilst the charity has always had a zone specifically relating to the dangers of being in or near water it had become outdated and did not cover certain risks. Thanks to a £50,000 grant from The Mick George Community Fund with added support from the Everard Foundation and The Santander Foundation the charity was able to have a new Water Zone designed, built and installed in March 2019. Funds from the aforementioned donors was specifically used for the new zone. In addition to the historic risks covered in this zone the charity now also covers the dangers of exposure to the sun, tombstoning, cold water shock and a broader coverage of dangers relating to the seaside. All the aforementioned funds were specifically used to develop the new water Zone.
WZ Roadcrew
In 2019 the Rank Foundation awarded the charity a grant of £55,000 over three years (£15k, £20k & £20k) which is to be used only for the purposes of developing Road Crew. The first tranche was received in August 2019 followed by £20K in August 2020 and £20K in August 2021 and is being used in accordance with the terms and conditions required by The Foundation.
National Lottery
The funding was to enable Warning Zone to use our expertise and experience to work directly with social workers, school Designated Safeguarding Leads (DSLs), school nurses, police personnel and parents facing online crime affecting children and young people, on a case by case basis, providing advice, information and support on specific cases or issues involving criminal online coercion of children.
Costs broken down: Communications and marketing £1,500; Online Crime Expert - contribution to costs £5,000; Office supplies and online platform subscriptions £200.
Bruce Wake Charitable Trust
£2,000 contribution to a mobility lift to be installed at Warning Zone when the full cost has been raised.
continued...
Page 21
WARNING ZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
18. EMPLOYEE BENEFIT OBLIGATIONS
The charity operates a pension scheme. The assets of the scheme are held separately from those of the charity within independently administered funds. The charge for the year was £3,509 (2020: £3,236). Contributions of £818 (2020: £640) were unpaid at the year end.
19. RELATED PARTY DISCLOSURES
During the period the company purchased goods and services from Signum Corporate Communications Limited, amounting to £7,072 (2020: £6,246). An amount of £nil (2020: £nil) was owed to Signum Corporate Communications Limited at the year end.
Mr AM Kapur, trustee, is a director of Signum Corporate Communications Limited.
Page 22
WARNING ZONE LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Donated services and facilities Government Grants Other trading activities Fundraising events Rental income Investment income Deposit account interest Charitable activities Direct income from schools Total incoming resources EXPENDITURE Raising donations and legacies Fundraising events Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone and IT Postage and stationery Advertising Sundries Carried forward |
2021 £ 113,027 131,921 14,925 50,899 310,772 9,036 21,721 30,757 7 17,482 359,018 790 198,663 13,765 3,509 879 11,674 10,396 7,370 1,700 1,139 2,393 251,488 |
2020 £ 89,235 109,500 16,767 40,236 |
|---|---|---|
| 255,738 10,037 27,443 |
||
| 37,480 33 58,862 |
||
| 352,113 4,433 197,941 9,569 3,236 2,328 11,358 13,383 6,444 2,438 2,896 859 250,452 |
This page does not form part of the statutory financial statements
Page 23
WARNING ZONE LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| Charitable activities Brought forward Travel and subsistence Training Cleaning Subscriptions Repairs and maintenance Freehold property Scenarios Fixtures and fittings Motor vehicles Computer equipment Bank charges Loan interest Support costs Governance costs Independent examiners remuneration Legal fees Total resources expended Net income/(expenditure) |
2021 £ 251,488 6,191 420 6,624 955 18,070 14,000 41,755 3,053 1,560 1,193 935 2,908 349,152 3,402 1,324 4,726 354,668 4,350 |
2020 £ 250,452 7,329 1,392 11,087 442 22,228 14,000 41,635 2,657 1,560 2,848 1,037 4,500 361,167 3,300 7,969 11,269 376,869 (24,756) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 24