2021-07-31-accounts - Inclusion Ventures Limited

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Reference and administrative	Reference and administrative	information
Directors' report			2-7
Independent examiner's report
Statement of financial	activities
Balance sheet			10
Cash flow statement
Notes to the financial	statements		12-16
Extended statement	offinancial	activities	17

			Notes	Unrestricted	Restricted	2021	2020
				Funds	Funds	Funds	Funds
					E
Incomin resources
Incoming resources
from generated funds:
Donations	8 legacies			742	215	957
Charitable	activities			20,705	527,507	548,212	343,313
investment	income			54		54	32
Other income				61	933	994	852
Total incoming	resources			21,561	528,655	550,215	344,197
Resources ex	nded
Charitable	activities			5,548	322,195	327,743	272,753
Total resources	expended			5,548	322,195	327,743	272,753
Net (outgoing)/incoming				16,012	206,460	222,472	71,444
resources	before transfers
Gains/(Losses)	on revaluation	offixed	assets	124,095		124,095
Transfers between funds				(16)	16
Net (outgoing)	incoming resources			140,091	206,476	346567	71 444
Reconciliation	offunds:
As at 1August	2020			36,301	153,100	189,401	117,957
As at 31July 2021				176,392	359,576	535,968	189,401

	Notes	Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
			E
Cash flows from operating activities
Net cash provided by (used in) operating activities	a	142,135	252,591	394,726	74,431
Cash flows from investing activities
Interest				54	32
Purchase of property, plant and equipment	9	~124,095	~175.905	~300,000
Net cash provided by (used in) investing activities		~124,041	~175,905	~299,946	32
Change in cash and cash
equivalents in reporting period		18,094	76,686	94,780	74,462
Cash and cash equivalents at the
beginning ofthe reporting period	b	26,660	153,100	179,760	105,298
Cash and cash equiva/ents at the
end ofthe reporting period		44,754	229,786	274,540	179,760
(a) RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET			CASH FLOW	FROM OPERATING	ACTIVITIES
	Notes	Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
		E		E	f.
Net income/(expenditure) forthe
report/ng period (asper SOFA)		140,038	206,476	346,514	71,412
Adjustments for noncash items: Depreciation charges	7,8	3,019	4,500	7,519	3,019
Loss/(profit) on disposal offixed assets	7,8
(increase)/decrease in debtors	10	(922)		(922)
Increase/(decrease) in creditors	11		41,615	41,615
Net cash provided by (used in) operating activities		142,135	252,591	394,726	74,431

		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020f
Cash	in hand	274,540		274,540	179,760
Notice	deposits (less than 3months)
Total	cash and cash equivalents	274,540		274,540	179,760

Charitable Activities	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
	2021	2021	2021	2020
		F
Children in Need		21,450	21,450	30,180
Jack Petchey		1,960	1,960	1,490
Essex Community Foundation		1,000	1,000	4,550
Active Essex		23,183	23,183	15,833
Jaywick Sands Forum				150
Bike Kitchen		7,700	7,700	3,797
Tendring District Council				2,000
Essex PFCC				15,000
Fowler Smith and Jones				12,000
North Essex Support Team		1,500	1,500
Essex Pedal Power		15,000	15,000
CVST - Winter Warmth		500	500
Colchester Catalyst		40,000	40,000
TNLCF - Capital		203,436	203,436
TNLCF - Main grant		211,778	211,778	251,278
Coronavirus Job Retention Scheme	20,705		20,705
Other grants				7,035
	20,705	527,507	548,212	343,313

Unrestricted	Restricted	Total	Total
Funds	Funds	Funds	Funds
2021	2021	2021	2020
	F
	933	994		852
61	933	994		852

Tangible fixed assets		Furniture 8	Office	Buildings	Total
	Property	Equipment	Equipment	Improvement f
Cost
At 1 August 2020		7,127	18,837	13,002	38,966
Additions	300,000				300,000
At 31 July 2021	300,000	7,127	18,837	13,002	338,966
Depreciation
At 1 August 2020 Charge for the year	4,500	2,138 1,069	18,837	7,800 1,950	28,775 7,519
At 31 July 2021	4,500	3,207	18,837	9,750	36,294
Net book values
At 31 July 2021	295,500	3,920		3,252	302,672
At 31 July 2020		4,989		5,202	10,191

At 31 July 2020			4,989 5,	4,989 5,	4,989 5,	4,989 5,	4,989 5,	4,989 5,	4,989 5,	202	202	10,191
1-7Broadway was	purchased	on	the 16th October 2020 for F175,905.The property was							valued at
E300,000 by Bond	ofEssex.	The	valuation was completed on the 31st March 2022, but						was based			on
the fair and true value when they			viewed	the property	on the 17th July 2019.Therefore				the remaining
8124,905has been	included	as a gain on revaluation.			The valuation		was based on the		square		footage
ofthe property.
Debtors								2021 F				2020 f
Prepayments									922
									922
Creditors								2021				2020
								E				E
Accrued expenses	and deferred income							42,165				550
								42,165				550
Funds			01/08/20		Income	Expenses		Transfer			31/07/21
Unrestricted funds												E
General fund				36,301	21,561		(5,548)			(«)		52,297
Restricted funds
Act Bike Kitchen				2,477	7,915		(6,880)					3,512
Big Lottery grant Children in Need				8,600 25,294	21,450		(8,600) (16,990)					29,754
Colchester Catalyst					40,000		(1,040)					38,960
CVST - Winter Warmth					500		(516)			16
Essex Community	Foundation			2,296	1,000		(2,360)					936
Essex Police				14,092			(14,092)
Fowler Smith &Jones				4,196			(4,196)
Jack Petchey Essex Pedal Power				825	1,960 15,000		(250) (12,492)					2,535 2,508
North Essex Support Team Active Essex				13,021	1,500 23,217		(1,500) (34,829)					1,409
TNLCF - Revenue				82,299	212,677		(186,419)					108,557
TNLCF - Capital					203,436		(32,031)					171,405
Total				153,106	528,655	~322,195				16		359,576

13 Previous year comparison
	Unrestricted	Restricted	2020
	Funds	Funds	Funds
		E	Z
Incoming resources
Incoming resources
from generated funds:
Donations 8 legacies Charitable activities	7,035	336,278	343,313
Investment income	32		32
Other income	852		852
Total incoming resources	7,919	336,278	344,197
Resources expended
Charitable activities	18,196	254,557	272,753
Total resources expended	18,196	254,557	272,753
Net (outgoing)fincoming	(10,277)	81,721	71,444
resources before transfers
Transfers between funds	15,158	~15,158
Net outgoing resources	4,881	66,563	71,444
Reconciliation offunds:
As at 1 August 2020	31,420	86,537	117,957
As at 31 July 2021	36,301	153,100	189,401

			Total	Total
			2021	2020
Income
Donations and legacies Voluntary income			957 548,212	343,313
Investment income			54	32
Other income			994	852
Total income			550,215	344,197
Charitable activities
Salaries &wages			218,011	209,573
Administration			630	3,006
Rent, rates, light &heat			8,829	4,525
Property repairs Insurance			37,170 3,856	1,615
Hire of hall			7,610	11,226
Travel expenses			1,833	1,902
Accountancy/bookkeeping	fees		1,449	1,553
Professional fees			2,695	12,340
Bike Kitchen			3,669	1,320
Telephone expenses			1,221	938
Other office costs			981	3,100
Printing, postage &stationery Training 8 development			2,483 958	2,731 1,867
Activity expenses Sundry Depreciation			26,611 2,219 7,519	13,221 817 3,019
Charitable activities expenses			327,743	272,753
Total expenses			327,743	272,753
Gains/(Losses) on revalution		offixed assets	124,095
Surplus/(deficit) for the	year		346,56?	71,444