LANGWORTHY CORNERSTONE ASSOCIATION LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Registered Charity No. 1114637 Company Registration No. 05626422 Langworthy Cornerstone Association LANGWORTHY CORNERSTONE ASSOCIATION LIMITED INDEX PAGE NUMBER CONTENTS TRUSTEES ANNUAL REPORT INDEPENDENT EXAMINERS REPORT io STATEMENT OF FINANCIAL ACTIVITIES li BALANCE SHEET 12 STATEMENT OF CASH FLOWS 13-20 NOTES TO THE ACCOUNTS FOR MANAGEMENT PURPOSES ONLY 21 INCOME AND EXPENDITURE ACCOUNT LANGWORThY CORNERSTONE ASSOCIATION LIMITED Report of the Trustees for the year ended 31" March 2021 The Trustees present their Annual Directors, Report and financial statements of the Charity for the Year ended 31, March 2021 which are also prepared to meet the requirements for a Directors, Report and Accounts for Companies Act purposes. The financial statement5 comply with the Charities Act 2011, the Companies Act 2006. the Memorandum and Articles of Association, and the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable io charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Oblectlves and attivities The purposes of the Charity are the promotion and preservation of good health of persons in the areas of benefit,. the promotion and advancement of education and trainin8 in 8eneral and in such way as to reflect the personal, family, social ènd community needs of those living in the area of benefit, with due re8ard to equalities and diversities The provision of activities and services to improve health & wellbeing throLJgh the delivery, development and facilitation of activities. The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives. in planning future activities, and setting the policies for the year. The Charity furthers its charitable purposes for the public benefit through our overall aim being to 'Improve the Health and Wellbeing of the People of Salford and especially those of Seedley and L3ngworthy" We work in partnership with a range of Individuals and other organisations to provlde as a centre a varied programme of classes, services and activities to improve health and wellbeing, education and employability, as well as attracting further resources to expand and improve our offer. We also support and help develop health & wellbeing activities in the centre which are initiated by individuals and organisations in consultation with us. -we carry out regular research and collect feedback to ensure that there is a good match between what is on offer and what the needs of the area are. Services and activities are generally free or low tost. LCA centre user5 come from a wide range of backgrounds and age groups and we work to encourage the centre being accessed by all 8roups. LCA has also been working in partnership with other organisations to develop more opportunities attracting young people and families from minority backgrounds including language classes, computer classes, lunch clubs, advice, arts & crafts and vol¥Jnteering. -All the activitie5 and services outlined above deliver public benefit to the residents of Salford- and more specifically 75% of our participants are residents of Seedley and Langworthy, which is listed as one of the most deprived ward5 in Salford on the IMD Ilndices of Multiple Deprlvationi scale. .. This means thai underpinning all LCA'S service delivery and partnership workin8 is awareness, respect and cornmitment towards the nlne protected characteristics of the Equality Act 2010 lage, disability. gender reassignment, relationship statu5, pregnancy, race, Teligionlbelief, sex and sexual orientationl as well as active engagement with localiged issue5 of equality and diversity 5P@cific to the local communitie5 we serve. LANGWORTHY CORNERSTONE ASSOCIATION LIMITED Covid 19 Covid had a major impact on our activities meaning the cancellation of all group and face to face activities lexcept some clinic31 services), increased costs for safety equipment etc, and a major decrease in earned income. Thankfully, we received continued financial support from the NHS Clinical Commi55i0ning Group who maintained our contract value, despite normal delivery being impossible. We were a150 successful in attracting grants and donations from a wide variety of sources. which largely replaced the loss of income. Actlvitles and servltes provided during the perSod Included: At the beginning of the period, the first Covid Lockdown meant the suspension of most of our activities, with the charity rapidly reorganising to support people who were isolating, with a food delivery service, packed lunches for children, keep in touch service, online activities and remote working. The first week of the financial year was the first week of our Covid Offer, and it is a great tribute to staff, volunteers and the Board that we were able to make so many changes so quickly in such uncertain times. By the end of the period, we had completed over 3,0(K) food parcels, shopping deliveries and packed lunches, kept in touch with around 600 households, with around 200 people participating in online activities including comedy shows, music, magic shows and quizzes. 13.7 tonnes of the food came from Fareshare. which would otherwise have gone to waste, saving 45 tonnes of Co2 from going into the atmosphere. We are one of the five Community Anchors for Salford, which is a recognition of the work of the centre over many years,. this include5 the Social Prescribing Project as part of Salford Wellbeing Matters managed by the Salford Third Sector Consorlium, which continued with remote provision during Covid. As part of this project, we employ our own Community Connector, whose role is to tonnect people with local community activities and services to help improve their health & wellbeing. Referrals come from local GPS and other health professionals and the project aims to show reduced demand on local health services in the future. Demand for the service greatly increased throughout the period, with increasing numbers of people suffering worsening mental health, isolation, anxiety and low mood. Many of our face to face and group activities continued online, such as.. Zumba, Yoga, Tai Chi, and Reiki Relaxation,. Our Men's Health Project whth some outdoor activities, health walk5 etc, as well as online Historv evenings and quizzes -smoking Cessation. Citizens Advice, general advice, Job search senjice as well as ongoing support for pèople wishing to gain experience through volunteering. -our Healthy Food Project which includes a Cafe switched to supporting the Covld Food and household goods offer, as well as providing take away breakfast and lunch packs. Foodcycle provided take away Vegetarian meals, again usin8 produce that would otherwise go to waste. LANGWORTHY CORNERSTONE ASSOCIATION LIMITED -The Cornerstone accommodates a GP Surgery, a Sure Start Children's Centre, and a range of Voluntary Organisations and Social Enterprises under one roof. which really adds value to the overall offer of LCA. Covid meant that many of the services switched to remote delivery through home working, but continued to pay rent. Towards the end of the period, it became apparent that some would continue with an element of home working, meaning reduced income for LCA. A review of our achievements and performance The main achievements during the year were.. We swltched in less than two weeks from our usual group and face to face delivery to our Covid Offer as detailed above- inventing new systems and ways of working more or less on the hoof, and revlsing them as time passed. We successfully delivered this offer over the whole year without any major issues, (lespite most of the staff and volunteers not doing their normal jobs, together with all the ongoing untertainty as well as having some staff working remotely. Despite worries about contagion through the centre, by maintaining social distancing, masks, sanitizers and screens, and thinking through the work we were doing carefully, not a single person picked up the virus at the centre or through our delivery setvice. We maintained a Covid Diary throughout, which really captures some of the stories, feedback, activities and events that occurred. and the appreciation felt by Local People for the support provided. htt www.13n worth corner5tone.co.u covid-dia .html We received quite a number of small donations, flowers and cards from local individuals and shops, which was greatly appreciated and a morale booster for LCA. During the period we a150 gained recoEnition as a Living Wage Employer with the living Wage Foundation. Fittancial review The Charity's financi31 projections were significantly affected by Covid, and also by developments in our relationship with the building's owners; NHS property Services INHSPSI. Covid meant a major reduction in our traditional sources of earned income IRent, Cafe, and Fees), however, we managed to largely replace this reduction through increased grants. furlough money, rates rebates and donations. During the year we agreed with NHSPS a reduction in the proportion of the building that we pay rent and service charge on. LCA now pays rent and service charges on 58% of the building rather than 84%. The Children's Centre accommodation costs126%1 are now directly supported by Salford Citv Council. During the year Salford Clinical Commissioning Group ICCGI, maintained our contract value despite our inability to achieve our normal Key Performance Indicators due to Covid. LANGWORTHY CORNERSTONE ASSOCIATION LIMITED We are very grateful for the continued Support of the Clinical Commissioning Group, but also toncerned that another reorgani5ation of the NHS locally is nearing completion, with no prospect of a return to three year contracts any time 500n. Overall our accounts show a surplu5 in 2020-21. This follows a year in which we reported aloss In 2019-20. We continue our negotiations to obtain a formal lease with NHSPS, and by the end of the period there were three outstanding issues with the Heads of Terms still to be finalised. We have retained funds in our accounts to cover the amounts billed by NHSPS that were queried by LCA in previous years. Investment powers and pollcy To mlnimise the risk to our finances, we held three interest bearing deposit accounts during the period, one with CAF Bank Ishawbrookl. one with Charity Bank and one with the Ecology Building Society, to maximi5e the cover provided by the Financial ServitÈs Compensation Scheme. Reserves Policyi Development Funds and issues of ongoing concern The balance held in unrestricted reserves at 31" March 2021 was £128,597 of which £126,242 are free rese￿eS after allowing for funds tied up in tangible fixed assets. Trustee5 always consider the need for LCA to hold sufficient reserves to maintain the financial security of the organisation. The designated fund reserves are allocated as follows= Designated funds to allow for an orderly wind up of the organisation if necessary and to cover contractual obligations, especially rèdundancy costs. Designated funds to take account of our uncertain relationship with the building owners INHSPSI, our lack of a lease, and possible variations in our seNice charge. designated funds to cover any funding gaps an(1 to allow time to source new finances, or slim down provision in a timely fashion. A further fund to help cover the ongoing reduction in earned income, and to help the organisation plan and develop new and revised services post Covid, possibly including a contribution towards the cost of converting some open plan office space into flexible self- contained offices and a large delivery space. -The Reserves Policy and Development Fund decision5 will be reviewed and updated annually by the Trustees in light of the loftenl changing circumstances. Risk management On an annual basis, the Trustees have conducted a review of the major risks and systems have been established to mitigate those risks. which include the above Reserves Policie5 and the ongoing land documented) negotiation with the parties concerned to mltlgate these risk5. Plans for Future Perlods Our current Health & Wellbeing contract with Salford CCG expires in March 2022, and for this reason. the Trustees would like LCA to achieve a new three-year contract to a similar or InC￿ased LANGWORTHY CORNERSTONE ASSOCIATION LIMITED value. Although this may not be possible in the short term due to the current re-organis3tion of the health service, we hope that this aim will eventually be achieved, given the outcomes we are achieving for local people, the local history of LCA a5 a community building, and our lengthy track record of delivery meaningful activities in the local area. LCA still has no lease on the building, or even a management agreement with the NHSPS, however, by the end of the period, the negotiation was 5howins positive progress, including reductions in the tharge and the promise of credits notes from NHSPS for 'outstanding amounts, from previous years, subject to a lease being agreed. If this can be achieved it will have the effect of returning our reserves to the healthy position they were in five years ago. The Cornerstone has a large open plan office on the first floor. which in the past used to be a good ncome generator for the organisation, however more recently the space has become more difFicult to let. This is partly due to Covid and increased home working, wear and tear, and a reduction in popularity of open plan office spaces. We are preparing plans to convert the space, hopefully with the sUPPOrt of a Landfill Tax Grant, into flexible self contained offices plus a large delivery space similar to our Auditorium, which is our most popular room, especially in the evenings. We regularly have to turn down bookings for the Auditorium, and are confident of achieving a good rate of usage for both the offices and new large room. The Offices themselves will be fitted out so that they can easily be used as either offices or delivery space dependant on demand, with removable partition walls for maximum flexibility. Over the coming year we will continue to develop our services promoting health and wellbeing for groups and individuals in the local and surrounding areas, including plans for an outdoor project in partnership with Friends of Bulle Hill Park. The Trustees are aware of considerable changes to the makeup of the local area and we remain committed to welcoming residents of all ages and backgrounds and celebrating the increased diversity of the Seedley and Langworthy area. Structure, Governante and Management Langworthy Cornerstone Association ILCAI is a company limited by guarantee governed by its Memorandum and Articles of A5SOCiation dated 9, October 2012 (amended 6, June 20161. It is registered as a charity with the Charity Commission and is constituted under a trust deed dated 9, October 2012 lamended 6 lune 20161. We are recruiting a broader general membership to increase accountability and capitalise on the ongoing local support towards the centre. Appointment of Trustees As set out in the Articles of Association trustees are elected annually ljy the members of the charitable company attending the Annual General meetin8 and seive for a period of 3 year5. Trustee Inductlon antt training New trustees will be familiar with the Work of the charity. New trustees will receivelbe directed to- The memorandum and articles- minutes of previous meetings- the last annual accounts (with advice on their contentl. LANGWORTHY CORNERsfoNE ASSOCIATION LIMITED Charity Commission and Companies House advice and regulations and The Charity Commission pack for new trustees. New trijstees will also be given one-to-one advice on particular aspects of LCA'S work, depending on their knowledge and area of expertise. Organlsatlon The Board of Trustees administers the charity. The Board meets monthly (except in the one month of the year when a meeting is not held usually January or Augustl. A Chief Officer is appointed by the Trustees to manage the day-lo-day operations and strategic directions of the Charity. Related partles and co-operatlon with other organisations None of our Trustees receive remuneration or other benefit from their work with the Charity. Any connection between a Trustee or Senior Manager with any service providers must be disclosed to the full board of Trustees in the same way as any other contractual relatiorbship with a related party. In the current year no such related party transactions were reported. Reference and administrative information Charity Name: Langworthy Cornerstone Association Charity Number.. 1114637 Company Registration Number: 05626422 Dlrectors and trustees The Directors of the charitable company (the Charity) are its Trustees for the purpose of Charity Law. The Trustees and Officers serving during the year and since the year end were as follows.. Key management personnel: Trustees and Dlrectors Geraldine Stone Chair Sheila Battersbv Ruth Abou Rached Peter Shepherd Erica Kinnibur8h Maureen Skillander Doreen Burns Dorothy Robinson John Phillips Treasurer Vice Chair (resigned September 20201 lappointed March 20211 (appointed March 20211 Company Secretary Chlef Executive o￿lcer John Phillips Registered Office Langworthy Cornerstone 451 Llverpool Street Salford M6 5QQ LANGWORTHY CORNERSTONE ASSOCIATION LIMITED Independent Examiners Community Accountancy Service Limited The Grange Pilgrim Drive Beswick Manchester MII 3TQ Bankers Co-operative Bank plc l Balloon Street Manchester M60 4EP Ecology Building Society 7 Belton Road Silsden Keighley BD20 OEE Charity Bank Fosse House 182 High Street Tonbridge TN9 IBE Shawbrook Bank Limited/CAF Lutea House Warley Hill Business Park The Drive Great Warley Brentwood CM13 3BE Sollcitors Weightmans LLP 100 Old Hall Street, Liverpool. L3 9QJ ## ## Independent examiner's report to the trustees of LANGWORTHY CORNERSTONE ASSOCIA TION LIMITEI D I report on the accounts of the company for the year ended 31" March 2021. which are set out on pages 10 to 20. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The tn￿te¢S consider that an audit is not required for this year under section 144(2) of the Charilies Act 2011 (the 2011 Act) and thai an independent exarnination is needed. The charity is required by company law to prepare accrued accounts and l am qualÉfied to undertake the examination by being a qualified member of The Association of Chartcred Certified Aeeountants. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. it is rny responsibility to.. examine the accounts under section 145 of the 201 l Act ' to follow the procedures laid down in the general Dircetions given by the Charity Commission under section 145(b) of the 2011 Act; and to state whether particular matters have come to my attention. Basis Trf independcnt examiner's repfjrt My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a revicw of the accounting records kept by the charity and a comparison of th¢ accounts prescnted with those records. It also includes consideration of any unusual items or disclosures in the accounL8. and seeking explanatioThs from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequcntly no opinion is given as to whether the accounts present a 'true and fair view, and thc report is limited to those matters set out in the statement below. Independent examiner's statement In connection wiih my examination, no matter has come to my attention: (l) which givcs me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 of the Cornpanies Act 2006: to prepare accounts which accord with the accounting record5. comply with the accounting requirements of section 396 of the Companies Act 2006, , and with the methods and principles of the Staternent of Recommended Practice- Accounting and Reporting by Charities have not been rnet. or (2) to which, in my opinion, attention should be drawn in order to ¢nable a proper understanding of the accounts to be reached. AM King FCCA Community Accountancy Service Ltd The Grange, Pilgrim Drive, Beswick, Manchester, Ml13TQ Date: 4 November 2021 LANGWORTHY CORNERSTONE ASSOCIATION UMITED STATEMENTOF FINAN ACTIVITies FOR TH 31 MARCH 2021 YEAR eNDED Total Funds Totsl Funds Yèar Ended 31 March Year Ended 31 2021 March 2020 Unrestricted Restricted Funds Fund$ Further Do¢all8 Income from.. Donalons and legacies Charitsble AetDlities Other Trading A¢tivrties InveslmÈnt Inc¢)me 10 482.455 859 1.840 485,164 10 603.173 859 1.840 605,882 1,922 525,437 21,079 1,670 550,108 120,718 Total 120,718 Expendlturt on.. RaLsing Funds Charitable Activities 15,291 373,844 499 15.291 482,S12 499 498,302 14.215 589.373 318 181 161 108.668 other Total 389 634 108 668 603,906 Net Incomellexp8nditurel 95,530 12,050 107,580 153,7981 Transfers between funds Net movement in funds 95,530 12,050 107,58D 153,7981 ReGon¢lllatlon of funds Total fund5 brought fornard Total lunds ¢arr4ed forward 133,067 228.597 9,674 21,724 142,741 250,321 196,539 142,741 Tha slalement of f￿8￿￿87 artivilies includes all gains and1osses recogni5ed in the year. All Income and expenditure d9rive from continuin9 &cliwtie5. The notes on page$ 13 to 20 fom parl of Ihese accoun15 ## |||2021|2020| |---|---|---|---| ||Notes|f|f| |Fixed assets:|||| |Tangibleassets|(11)|2,355|2,199| |Total fixedassets||2,355|2,199| |Current assets:|||| |Stocks|(12)|1,900|1,800| |Debtors|(13)|19,518|18,871| |Cash at Bank & inHand||416,988|313,512| |Total currentassets||438,306|334,183| |Liabilities:|||| |Creditors: Amounts falling due within oneyear|(14)|190,340|193,641| |Net current assets orliabilities||247,966|140,542| |Total assetslesscurrentliabilities||250,321|142,741| |Total net assetsor liabilities||250,321|142,741| |Thefundsof the charity:|||| |Restricted income funds|(16)|21,724|9,674| |Unrestricted income funds|(16)|228,597|133,067| |Totalcharity funds||250,321|142,741| LANGWORTHY CORNERSTONE ASSOCIATION UMITED 12 Statement ol Cash Flow$ for th? year endlng 31 Mar¢h 2021 Year Ended Year Ende(I 31 MarGh 31 March 2021 2020 Net ¢ash used In oporatlng actlvltles 103.014 34.734 C35h flow5 from inv85trnent activities.. Interest Purchase of fSxed assets 1,840 11,3781 1.670 11.7691 Nat cash provldod by investlng actlvltle5 462 1991 In¢rea$e1ldec￿8S￿l in cash and cash equivalen15 during Ihe year 103,476 34.635 Cash and cash equwalenls brought forward 313.512 278.877 Cash and cash equivalents carried fomr Allocbtion of support and governance costs Support C05t5 have been allocated between governance costs and other supp)rt Costs. Governance ctrsts tompri5e all eosts involving the public 3CCOUDtability of the charity and it5 compliance with regulation and good practice. These costs include costs re￿ted to independent exarninatK)n 3d legal fee5 together with an apportionment of overhead and support C05t5. Governance costs and support COSt5 relating to choritable activlties have been apportloned based on type of expense. The 8llotstion of support and governance costs Is analysed in note S. 181 Costs of rai5ine funds The cost5 of raising funds Consists of actwity costs, C3fé food and advert151ng and marketlng. Ihl Charbtable Activities Costs of charitable activrtie5 include governance costs and an apportionment Of support costs as shown in note 7. LANGWORTHY CORNERSTONE AssoaATION LIMITED 14 lil Tanglble flxed assets and depreciation All asset5 C05ting more than £500 are capitalised and valued at historical cost. Depreclatlon Is charged on the following Computers OfflcÈ EquipmÈnt 33.33% on cost 25% on cost lj'l Realised galns and knsses All gains and losses are taken to the Statement of FSnancial Actwities as they èrlse. Rèalised gains and lossÈs on Investments are c8lcul8tecl a5 the difference between 53les proceeds and their apening c8rrying value or their purchase value if acquired subsequentto the first day of the financial year. Unrealised gèins and10s5es are calculated a5 the difference between the falr value 8t the year end and theirvarying value. RÈalisÈd and unreallsed nvestment gains and losses are combined In the Ststement of Financial Activitie5. Ikl Pensiohs The charity currently adrnini5ter5 contributions to a pension scheme Dn beh31f of indNiduals. The chartty has no liabillty beyond rnaking it5 contributions and paying ?cr055 the deductions for the employee's contrlbuiions. 111 Debtors Trade and other debtors are recoEnised at the settlement amount due after any trade discount offered. PrÈpayments are valued at the amount prepaid net of any trade d15count5 due. Im) Credltors and proYlslon5 Creditors and provision5 are recognlsed where the charity has è present obligation resulting from a past event th3t will probably result in the transfer of funds to a third party and the amount due to settle the obligation c8n be measured or Èstimated rellably. CreditOTS and piovisions are normally reco8nlsed at thelr settlement amount after allowing for any trade discounts due. 2. Related paty transèttlons and tW51ees' oxpense5 and remunaration The trustees all give freely theirtlme and expertlse wlthout any form of remunerbtlDn or other benefit in £ash OT kind 12020.. £llill. Expenses paid to the trustees in the year totalled £nil12020'. £nlll. 3. Donations and L¢9acle8 UnT8StrlGtgd Restrlcted Total Fund3 Tolal Funda Year Ended Year Ended Year Ended 31 March 31 March 31 March 2021 2021 2020 Year Endèd 31 March 2021 Sundry Income io io 10 io 1.922 L,922 Previous reporting p8riod 1.922 1.922 LANGWORTHY CORNERSTONE ASSOCIATION LIMITED Is 4. In¢omo Irom charltable activitles Unrestrlcted Re5trlcted Total Funds Totsl Funds Year Endod Year Ended Year Ended 31 M8Toh 31 March 31 Mar¢h 2021 202t 2020 Year Ended 31 Mar¢h 2021 Room and Faolities Rental Activities Income Class Fees General grants.. NHS Salford Salford 3rd Sector Consortium Reslrlcled grants. GMCVO Neighbourfy Community Fund Peter Kershaw Trust Gr&ggs Foundation HMRC CVJRS Big Loiiery Fund Salford CVS Holiday Fund Salford CVS Neighbourhood Leadership SalfDrd CVS Food Response Fund Sa￿ord CVS Living Wage SaWord CVS knbitK>n for Agein9 Safford Food Share Ne￿ork Salford CVS Live Well Salford CVS COVKI Sa￿Ord CVS Crisis FuDrJ Safford Clly Council Covid Forever Manthesier 63.147 1,905 420 63.147 1.905 420 128,297 873 3.639 346,983 45,000 346.983 45.000 346.983 39.317 950 400 1.000 500 30.524 S6,850 400 1.OOD 5DD 30,524 56.850 3.343 300 6,000 144 6.000 144 502 631 1,500 9LKI 18.500 500 1,500 900 18,500 SOD 25,000 3,600 603,173 502 25,000 3.600 120,718 400 525,437 482,455 Previous reporting period 519,109 6,328 525,437 S. InGome Irom other tradlng actlvitlgs Unr•strtctod Rgstricted Total Funds Totsl Funds Year Ended Year Ended Year Endpd 31 March 31 March 31 March 2021 2021 2020 Year Ended 31 March 2021 Café Income Fundraising Events 859 859 20,714 365 21,079 859 859 Previous reporting perlod 21,079 21,079 LANGWORTHV CORNERSTONE ASSOCIATION LIMITED 16 6. Expenditure Community Y￿r Ended Year Ended Centre 31 March 31 March Actlvlti 2021 2020 Expenditure on raising hJnds'. Café Food Advertising and marketing Subscrlptions 14,524 14.524 13,449 104 662 14,215 787 15,291 767 15.291 Expenditure on charltablo actlvltle$.' Empknymenl Costs Training AclNitEs D85 Checks NHS Recharges Water Travel Expenses Rèpairs 2nd Maint8nan Bad Debts Minor Equiprnenl and Rental Rates & Water Sofiware and IT Irrecoverable VAT Telephone Clèaning and Secur Insurance Govemance C051s Posi. Priniing & Stationery Depreci3tion 245.551 404 14,583 245,551 404 14,583 250.242 26.368 1UO 228,516 7,101 638 2.D86 11.8451 2,299 7.132 2.403 6,258 1.525 44.478 2.169 4.905 2.329 1,823 589.373 138,386 138.386 511 3.098 5,238 8.369 1.460 9,285 3.098 5.238 6,369 1.460 9.285 48.900 2.143 5,162 $56 1,222 482.512 46,900 2.143 5,162 556 1.222 482,512 Other gxp0ndltur8- Miscellan8OU$ 499 499 498,302 499 499 498.302 318 318 so3.￿6 Restricted funds Unre5trirted funds 108,668 389.634 498,302 4.876 599,03D 603.906 LANGWORThY CORNERSTONE ASSOCIAnON LIMITED 7. Analysi5 Qf expenditure on challtable attivltles As per note 6. 8. Allocatlon of governan￿ and support costs The bre8kdown ol support Costs and how these were all(xatÈd between governance and other support C05t5 is shown below.. fjeneral Support Gov8mance 1.100 Total 8asls ol apportionmgnt 1.100 type of expense 543 type of expense 1.980 type of expense 1,539 type of exp8n8& 5.162 Accountancy Fees Payroll Bureau Char985 Support & advi¢e Atcountancy Support 543 1.980 1,539 4,062 1,100 9. Analysi5 of staff costs Year Ended Yèar End¢d 31 March 31 March 2021 2020 Waggs and Salariès Agency C0515 RerSundancy Social Securty Costs Pen8ion Costs 218,990 221.126 1,513 11.975 14,586 245,551 13,020 14.583 250.242 Charitable aclivib'es Support costs 245.SS1 250,242 245.551 250.242 The average numb8r ofemployees during the ygar was 12 (previous year.. 121. The charrty considers its key management personnel comprises the trustees anrS Chief Exe¢ulive Off1cer. The total employrnent benefits, includinE Èmployer penslon contribut1on5 of the key management personnel were £42,773 Iprevious year." £41.6701, No Èmployee has benefits in excess of £60,000 Iprevlous year." none). 10. Indtrpendent Examln8T Fees Year Ended Year End¢d 31 March 31 March 2021 2020 Independent 8xaminatitsn fe88 other Accountancy 58rvices 1.100 1.539 2,639 1.050 2,034 LANGWORTHY CORNERSTONE ASSOCIATION LIMifED 18 11. Tan9lble Fixed Assets Furnlture & Offi¢0 Equipment Computers Total At l April 2020 Additions Al 31 March 2021 11,042 34.926 1,378 36,304 45,968 1,378 47,346 11.042 Depreciation Al l April 2020 Charge for Year At 31 March 2021 11,042 32,727 1.222 33,949 43,769 1,222 44,991 11,042 NEf BOOK VALUE At 31 March 2021 Al 31 March 2020 2,355 2,199 2,355 2,199 12. Storks 2021 2020 Café Food Stocks 1,800 13. Ana￿51$ ol debtors 2021 2020 Debtors Prepayments 16,320 3,198 19,518 15,851 3.020 18,871 Debtor5 and prepayrnents related to unrestricted fvnds both in 2021 and 2020. 14. Creditors.. arnounts falling due within one year 2021 zozo Creditors Short-lertn compensated 8bsenTr5 (holiday payl Other Cr￿LI0r8 acEwals Dèferred in¢om8 178.040 191.$34 1.050 11.250 190.340 1.641 466 193.641 15. Dgferred Incorne Deferted income comprises grants received in advant*. Balance as at 1 April 2020 Amount released to Income earred from thariiable activities Amount deferred in year Balance at 31 March 2021 466 14661 11,250 11,250 LANGWORTHY CORNERSTONE ASSOCIATION LIMITED 19 16. Analy$i$ of charitable funds Analysls of movom•nts In unrestrlctsd lunds Balance at 1 April 2020 Incomlng Resources Resource8 Expended 8alance 8t 31 March 2021 Transf•rs General Fund Designated Fund 33.067 100.000 133.067 485,184 1389.8341 128.597 100.000 228.597 485.184 1389.6341 Previous reporting period Balance at 1 April 2019 Incomlng Rgsourc85 Rasouices e¥pended BalahGe at 31 March 2020 Transfers General FunLI Designated Fund 52,317 136,000 188.317 543,780 1599.0301 36.000 136.0001 33.ffi7 100.0()Q 133.(￿7 543.780 1599,0301 Norne of unrestrlcted fund.. General Fund DÈsignalÈd Fund Descrtptlon, natur8 and purpose of the fund The'free re5eFves" after allowing for all designated funds Forfulure closure costs. ￿￿￿￿￿an¢Y provision and contractual obllgations Analysis of movements In restricted funds Balanco at I April 2020 Incomlng Resources R*sour¢9S Expended Balance at 31 March 2021 Transfers NHS Salford GMCVO Neighbourfy Community Fund Peter Ker5haw Twst Gr&ggs Foundation HMRC CVJRS 19 Lottery Fund Sarfor(I CVS Neighbourhood Leadership Saword CVS Food Rèsponse Fund Safford CVS Llving Wage Salford Food Share Netwo Salford CVS Live Well sa￿Ord CVS Covid Salford CVS Crisis Fu Forever Mat)chestÉr 8.222 950 19501 14001 11.0001 15001 130,5241 156.8501 13001 16,0001 11441 11.5001 19001 15,5001 15001 13,6001 1108,6681 400 1.OQKTr 500 30.524 56,850 300 6.000 144 1,500 900 18.500 13,000 502 502 3,600 120.718 9.674 21,724 Previou5 reportin8 period Balance at 1 Aprfl 2019 Incomlng Resourc8$ R8source5 Expended Balance at 31 Marth 2020 Transfe NHS Salford GMCVO Saword cvs Holiday FunLI Salford CVS Ambition for Ageing Salford FO￿ Share Nelwork Saword CVS Cr19iB Fund Forever Manchester 8.222 8.222 950 9SO 3,343 502 631 $02 400 3.3431 15021 16311 502 14001 14.8761 8.222 8,328 9.674 LANGWQRTHY CORNERSTONE A550CIATION LIMITED 20 Name of rgstrfcted fund: NHS Salford GMCVO N2ighbourly Communliy Fund Peter Kershaw Trust fjreggs Foun(fation HMRC CVIR5 Big Lottery Fund Salford CVS Nei8hbourhood Leadershlp S31ford CVS Food Response Fund Salford CVS Living Wage Iford Food share Network Iford CVS Live Well Sèlford CVS Covid Salford CVS Crisis Fund Forever Manchester Descrlptlon, nature and purpose of the fund for stamp duty and legal fees for Men's Healthy Walks Project for Men'5 aclivili88 for K<y's residential for Men's project activty for salary furbugh co$ts to tovÈr COV￿ costs. 1055 of income and Food Proiect fce m881ings costs for food costs and IDSS of Income lo pay fees foi living wage accredilalion for food cos18 ènd1088 of In¢ome for food cos18 and loss of Income for food costs and 1088 of income for food costs and loss of income for food par¢el$ and Men's a¢Dvitle$ 17. Analysis of net assets between lunds UnTestrlctgd fund5 Deslgnated funds Re5trfcted fuFbd$ Total 2021 Tangib￿ fixed assets Cash al bank and in h8Dd Other net current a55e1511liabilitiesl Total 2,355 295,284 1169.0221 128.597 2,355 416.988 1169.0221 25D.321 100.000 21.724 100.000 21.724 Previous r&porting period Un￿$tri¢l0￿ funds Daslgnated funds Restrlcted fund5 Totsl 2020 Tangible fixed assets Cash al bank and in hand Other net cutrenl asset￿{11abI1Itie5> Total 2.199 203,838 1172,9701 33.067 2.199 313,512 1172.9701 142.741 100,000 9.674 100.000 9.874 18. Flnanclal Instnjmgnts The charity only has finan¢ial as881s and liabilities of a kind Ihat qualify as basic financial Instruments. Basic financk91 In5trufflents are initsally re¢￿nised on a transaction value and subsequently measuod al their 5elllement value with the ex￿ptIon of bank loans whlch are subsaquentty measured at an amortssed cost using th8 effective Inte￿$t method. 19. Recontsllatlon ol net movement ITr funds io net Cè5h flow from operating actlvities Y¢or Ended Year Ended 31 March 31 March 2021 2020 Net movement in fund5 Add back depreciation Oedurt investment Income DecTeasÈ/llncre3sel in 5tock5 Decrease/lincreasel in debtors Increase/ldecreasel in creditors 107.580 1,222 11,8401 153,7981 1.623 11.6701 18471 13,3011 3,678 85.001 103.014 34.734 LANGWORTHY CORNERSTONE ASSOCIATION LIMfftD zi In¢omE and ExPendI￿reACt0urtt Year Énded Year Ended 31 March 31 March 20ZI 2020 Income Sundry Income Investrnent Income General grants.. NHS S8lford Salford 3rd Sector Consoruum Room and Facilities Rental Actlvityes Income Cla55 Fees 1,922 1.670 1,840 346,983 45.000 e3.147 1,905 420 346.983 39.317 128.297 873 3.639 GMCVO Neighbourly Communlty Fund Peter KershawTrust GregÉs Foundation HMRCCVJRS Bi8 Lottery Fund galford CVS Holiday Fund 531foid CVS Neighbourhood LÈ8dershlp Salford C4lS Food RespoDse Fund 5aiford CVS ￿VIng Wa8e 531ford CVS Ambition for A8ein8 5alford Faod Share Network S3lford CVS ￿ve Well S8lford CV5 Covid Salford CVS Crisis Fund 5aknrd City Council Covid Forever Manchester Café Incorne Fundraisin8 Events Totsi Income b50 400 1.DOO 5(M) 30,524 56.850 3,343 300 6.000 502 621 1.500 900 18.500 500 25,000 3.600 Bsg 502 40D 20.714 365 550.108 605.B82 EMpondltUTe 14.583 14,524 26,368 13.449 104 Café Food Adverbsing and marketlng Sub5¢riploThs Etnployment Cost5 TrainiD8 08S Checks NH5 Retharges Water Travel Expenses Rep3irs and Maintenance Bèd Debts Minor Equlpment and Rental Rate5 & Water software and IT Irrecoverable VAT Telephone Cleaning ènd Security Insurance Governance Costs Posi Printing & Stationery Depre¢13tion Miscell3neou% Total Empethditure 767 245.551 404 2SO.242 138.266 228.516 638 2,086 11,6461 2.299 7.132 2,403 6.256 1,526 44,478 2.169 4.905 2,329 1.623 318 603,906 3.098 5.238 6,389 1,460 9.28S 46.900 2.143 5.162 55e 1.222 499 49B,302 Surpltsslldefftcltlgr year) 107,580 153.7981