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|CONTENTS|||Page|
|---|---|---|---|
|1.Trustees'|Report||1 to11|
|2. Auditor's|Report||12to 15|
|3.Statement|of Financial|Activity|16|
|4. Statement|of Financial|Position|17|
|5. Statement|ofCashtlows||18to 19|
|6. Notes to|the Financial|Statements|20 to 25|
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|||||Total|Total|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|2021|2020|
|INCOME AND EXPENDITURE|Notes|||f|f|
|INCOMING
RESOURCES||||||
|Opportunity
Zone||1,341,088||1,341,088|1,065,692|
|Home and Community
Services||9,305,920||9,305,919|6,897,394|
|Advice and Information
Services|||74,991|74,991|100,583|
|Apasen
Lodge||369,698||369,698|450,800|
|Croydon Project||106,810||106,810|331,422|
|Dept ofCommunities
and Local Govt Grants||||||
|Training
Project|||30,470|30,470|3,180|
|IDPD Project|||15,000|15,000|15,300|
|Grants||164,720||164,720||
|Other income||11,068||11,068||
|||11,299,304|120,461|11,419,764|8,864,371|
|RESOURCES EXPENDED||||||
|Fundraising
and Project||||||
|Development|||||11,195|
|Direct Charitable
expenditure||8,668,067|142,923|8,810,990|7,473,110|
|Management
and Administration||790,286||790,286|774,617|
|Total Resources Expended||9,458,353|142,923|9,601,276|8,258,922|
|NET INCOME I(DEFICiT) FOR THE YEAR||1,840,951|22,462|1,818,488|605,449|
|Funds as at 1 April 2020||4,174,618|335,541|4,510,159|3,904,710|
|Fund transfer||109,013|109,013|||
|Funds as at 31 March 2021||6,124,582|204,066|6,328,647|4,510,159|
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|||||Total||Total|
|---|---|---|---|---|---|---|
|||||2021||2020|
|||Notes||E|||
|Fixed Assets|||||||
|Freehold
Property|||2,050,000||2,050,000||
|Long Leasehold
Property|||2,478,166||2,478,166||
|Leasehold
Improvements|||593,769||323,018||
|Depreciating
Assets|||155,825|5,277,760|164,279|5,015,462|
|Curre nt Assets|||||||
|Debtors 8 Prepayments|||672,967|||1,478,862|
|Cash at Bank and|in hand||3,422,199|||1,256,154|
||||4,095,166|||2,735,016|
|Creditors|||||||
|Amount
falling due within one year||10|555,769|||625,375|
|Net Current Assets||||3,539,397||2,109,641|
|Total Assets less|current liabilities|||8,817,157||7,125,103|
|Creditors
Amount
falling due|) one year|||2,488,510||2,614,944|
|Tota I Net Assets||||6,328,647||4,510,159|
|Funds|||||||
|Unrestricted
funds:|Designated|13||2,589,388||2,124,734|
|Unrestricted
funds:|General|13||3,535,193||2,049,884|
|Total Unrestricted|funds|||6,124,581||4,174,618|
|Restricted
Funds||12||204,066||335,541|
|Total Funds||||6,328,647||4,510159|
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|||||2021||2020|
|---|---|---|---|---|---|---|
|||||F|||
|Cash flow from Operating
Activities|||||||
|Operating
Protit|||1,818,488||605,449||
|Depreciation|||119,248||69,823||
|Finance Costs|||70,055||165,784||
|(Gain)/Loss
on fixed asset disposal|||||||
|Operating
Profit Before Working||Capital Charges|2,007,792||841,056||
|(Increase)/Decrease
in Debtors
Increase/(Decrease)
in Creditors|||805,895
~69,606||316,001
122,991||
|Cash from Operations
Finance Cost Paid|||2,744,081
70,055||1,280,048
~94.711||
|Net Cash Generated
from Operations||||2,674,025||1,195,337|
|Cash flow from Investment
Activities|||||||
|Purchase
ofTangible
Fixed Assets|||(381,546)||(2,478,023)||
|Payments
to acquire subsidiaries|||||||
|Receipts
from sale oftangible
fixed assets|||||||
|Net Cash flow from investment|Activities|||(381,546)||(2,478,023)|
|Cash flow from Financing
Activities|||||||
|Repayment
offinance lease liabilities|||||||
|Interest
paid|||||||
|Increase/(Decrease)
of Long Term|Loan||(126,434)||1,277,169||
|||||(126,434)||1,277,169|
|Net Increase/(decrease)
in Cash|and Cash Equivalents|||2,166,045||(5,517)|
|Opening
Cash and Cash Equivalents||||1,256,154||1,261,671|
|Closing Cash and Cash Equivalents||||3,422,199||1,256,154|
|Reconciliation:|||||||
|Cash at bank and
in hand||||3,422,199||1,256,154|
|||||3,422,199||1,256,154|
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||01/04/2020|Cash flows|Non-cash changes|31/03/2021|
|---|---|---|---|---|
|Cash and cash equivalents|f'000|E'000|E'000|E'000|
|Cash|1,257|2,167||3,424|
|OverdraRs||||(2)|
|Cash equivalents|1,256|2,166||3,422|
|Borrowings|||||
|Debt due within one year|(166)|92|(126)|(200)|
|Debt due aRer one year|(2,615)||126|(2,489)|
||(2,781)|92||(2,689)|
|Total|1,525|2,258||733|
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||||||( A Company|Limited|Limited|by|Guarantee)|Guarantee)|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Notes to the|financial||statements|||||
||||||for the year|ended|31 March 2021||||||
|4|Staff Emoluments:|||||||||2021|2020||
|||||||||||f|f||
||Total wages and|salaries|||||||7,579,766||6,356,403||
||Employer's
NIC|||||||||572,557|470,855||
||Pension
contribution|||||||||134,131|109,267||
||||||||||8,286,454||6,936,526||
||Direct Charitable||||||||7,994,870||6,644,|941|
||Others|||||||||291,584|291,584||
||||||||||8,286,454||6,936,526||
||No ofemployees:|Admin||||||||10||9|
||No of employees:|Direct||||||||518||404|
|||||||||||528||413|
||Employees
paid|in excess off60,000 during the|||||||||||
||current year and|previous||year|||||||||
||Other key management|||personnel|received combined||remuneration|||off230,686 (f217,474: 2020).|||
||The trustees/directors||neither received nor waived any||||remuneration|||during the year|(2020:fNil).||
||The trustees/directors||did not have any expenses|||reimbursed|||during|the year (2020:|fNil).||
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||Motor|Freehold|Leasehold|Leasehold|Furniture|&||
|---|---|---|---|---|---|---|---|
||Vehicles
f|Property|Property|Improvement
f|Equipment
f||Total
f|
|Cost:||||||||
|At 1st April 2020|48,590|2,050,000|2,478,166|352,993|374,386||5,304,134|
|Addition||||348,135|33,411||381,546|
|Disposal||||||||
||48,590|2,050,000|2,478,166|701,128|407,797||5,685,680|
|Depreciation:||||||||
|At 1st April 2020|11,634|||29,975|247,063||288,672|
|Disposal
elimination||||||||
|Charge for the year|9,718|||77,384|32,147||119,248|
||21,352|||107,359|279,210||407,920|
|Net Book Value||||||||
|As at 31 March 2021|27,238|2,050,000|2,478,166|593,769|128,587||5,277,760|
|As at 31 March 2020|36,956|2,050,000|2,478,166|323,018|127,323||5,015,462|
|Debtors and prepayments:||||2021|||2020|
|||||f|||f|
|Opportunity
Zone||||166,564|||329,417|
|Home and Community|Services|||271,601|||980,124|
|Croydon
Project||||12,095|||4,631|
|Apasenth
Lodge||||152,973|||113,795|
|Training
Project|||||||11,694|
|Other Debtors
& Prepayment
Bad Debt Provision||||69,733|||42,022
~2, 820|
|||||672,967|||1,478,862|
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|7|Fund Raising and|Project Development|Project Development|Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Total|Total|
|||||F|E|F||
||Fundraising
expenses||||||11,195|
||||||||11,195|
|8|Direct Charitable|Expenditure:||Unrestricted|Restricted|2021|2020|
|||||Funds|Funds|Total|Total|
|||||F||F||
||Opportunity
Zone|||633,768||633,768|916,932|
||Home and Community||Services|7,378,206||7,378,206|5,508,825|
||Advice and Information||Services||62,133|62,133|57,776|
||Croydon Project|||276,991||276,991|391,584|
||Apasen
Lodge|||379,102||379,102|533,370|
||Depart of Communities||& Local Govt (E3Project)||||1,078|
||Training
Project||||59,390|59,390|49,447|
||IDPD Project||||21,400|21,400|14,097|
|||||8,668,067|142,923|8,810,990|7,473,110|
|9|Management
And|Administration:||Unrestricted|Restricted|2021|2020|
|||||Funds|Funds|Total|Total|
||||||E|F.|E|
||A) Support Cost|||||||
||Office Administration||Cost|489,987||489,987|440,405|
||Payroll Service|||10,850||10,850|13,400|
||Legal & Professional||Fees|2,417||2,417|3,530|
||Consultancy|||1,414||1,414|2,528|
||Advert and Publicity|||2,203||2,203|6,560|
||Membership
& Subscriptions|||7,192||7,192|266|
||Bank Charges|||1,991||1,991|1,989|
||Loan Interest|||70,055||70,055|84,711|
|||||586,109||586,109|553,389|
||B)Governance
Cost|||||||
||Oflice Administration|Cost||137,993||137,993|125,312|
||Legal & Professional|Fees||5,121||5,121|33,314|
||Audit fees||Note 15|4,800||4,800|4,500|
||Accountancy
services|||4,950||4,950|4,500|
||Consultancy|||353||353|632|
||Membership
& Subscriptions|||935||935||
||Project Exploration|Expenses||50,025||50,025|52,970|
|||||204,177||204,177|221,228|
|||||790,286||790,286|774,617|
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|10|Creditors: falling within|one year|||2021f||2020f|
|---|---|---|---|---|---|---|---|
||Accruals||||311,160||191,342|
||Unity Bank Loans||||199,862||165,784|
||Trade Creditors||||2,252||71,669|
||PAYE Creditors||||||147,142|
||Pension
provider||||37,903||44,925|
||Other Creditors||||4,592||4,512|
||||||555,758||625,375|
|11|Creditors: falling after more than||one year||2021
f.||2020f|
||Unity Bank Loans||||2,488,510||2,614,944|
||||||2,488,510||2,614,944|
|12|Restricted funds movement:||Opening|Restricted|Restricted||Closing|
||||Balance
f|Income
f|Expenses
f|Adjustment
f|Balance
f|
||Training
Projects|||30,470|59,390|28,920||
||Home Care Consortium||122,163||||122,163|
||Advice and Information
Services||69,045|74,991|62,133||81,903|
||Womens'
Project||4,483|||(4,483)||
||Carers' Grants -Short break||23,450|||(23,450)||
||IDPD Project||6,400|15,000|21,400|||
||Future Builder (Sensory room)||110,000|||(110,000)||
||||335,541|120,461|142,923|109,013|204,066|
|13|Movement
in funds:|||||||
||||Unrestricted|Designated|Unrestricted|Restricted||
||||Fund|Fund|Fund (Total)|Fund|Total|
||||E|K|R|||
||As at 1 April 2020||2,049,884|2,124,734|4,174,618|335,541|4,510,159|
||Current
year||1,840,951||1,840,951|(22,462)|1,818,488|
||Current
year transfer||(355,641)|464,654|109,013|(109,013)||
||As at 31 March 2021||3,535,193|2,589,388|6,124,582|204,066|6,328,647|
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