2021-03-31-accounts - Chrysalis (Cumbria) Ltd

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Trustees' annual report (incorporating		the	director's	report)
Trustees' responsibilities statement						18
Independent auditor's report to	the members					19
Statement of financial activities	(including		income and expenditure		account)	24
Statement offinancial position						25
Statement ofcash flows						26
Notes to the financial statements						27

Registered	charity	name	name	Chrysalis (Cumbria)	Limited
Charity registration		number		1116125
Company	registration		number	05751140
Principal office and		registered		Leaside
office				Longthwaite Road
				Wigton
				Cumbria
				CA7 9JR
THE TRUSTEES				Mrs A G Wells
				Mr J R Fearon
				Mrs JTeasdale		(Resigned	30September 2020)
				Mrs B H Earl
				Mrs M A Drury
				Mr DADodd
				Mrs J A Kemp		(Appointed	14October 2020)
COMPANY	SECRETARY			Mrs M A Drury
AUDITOR				Saint & Co
				Chartered accountants	&statutory	auditor
				Sterling House
				Wavell Drive, Rosehill
				Carlisle, Cumbria
				CA1 2SA
BANKERS				National Westminster
				92 English Street
				Carlisle
				Cumbria
				CA3 8NF

Measure		Reserves Policy	Actual Result as at 31March 2021
Absolute	minimum reserves	f500,000	E580,128
4 Months	staff costs	E480,924	4.8 months
4 months	total expenditure	E501,976	4.6 months

						2021		2020
					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
				Note	f	f		E
Income and endowments
Donations and legacies				5	147,271	99,949	247,220	16,512
Charitable activities				6	1,318,745		1,318,745	1,450,871
Other trading activities				7	21,770		21,770	38,162
Investment income				8	739		739	2,279
Other income				9	15		15	1,128
Total income					1,488,540	99,949	1,588,489	1,508,952
Expenditure
Expenditure on raising funds:
Costs of raising donations			and
legacies				10	(573)		(573)	(720)
Costs ofother	trading	activities		11	(50,080)		(50,080)	(63,282)
Expenditure on charitable		activities		12,13	(1,389,228)	(66,049)	(1,455,277)	(1,387,897)
Total expenditure					(1,439,881)	(66,049)	(1,505,930)	(1,451,899)
Net income					48,659	33,900	82,559	57,053
Transfers between	funds				24,819	(24,819)
Net movement in funds					73,478	9,081	82,559	57,053
Reconciliation offunds
Total funds brought	forward				506,650	8,061	514,711	457,658
Total funds carried	forward				580,128	17,142	597,270	514,711

			2021		2020
		Note			f
FIXEDASSETS
Tangible fixed assets		18		321,161	298,772
CURRENT ASSETS
Stocks		19	7,164		5,659
Debtors		20	61,505		154,414
Cash at bank and in hand			494,853		192,078
			563,522		352,151
CREDITORS: amounts	falling due within one year	21	(200,225)		(56,595)
NET CURRENT ASSETS				363,297	295,556
TOTAL ASSETS LESSCURRENT LIABILITIES				684,458	594,328
CREDITORS: amounts	falling due after more than
one year		22		(64,688)	(69,617)
PROVISIONS
Other provisions				(22,500)	(10,000)
NET ASSETS				597,270	514,711
FUNDS OF THE CHARITY
Restricted funds				17,142	8,061
Unrestricted funds				580,128	506,650
Total charity funds				597,270	514,711

		2021	2020
		f.	E
CASH FLOWS FROM OPERATING	ACTIVITIES
Net income		82,559	57,053
Adjustments for:
Depreciation oftangible fixed assets		317855	19,259
Government grant income		(111,032)
Other interest receivable and similar income		(739)	(2,279)
Interest payable and similar charges		37341	3,394
Accrued expenses/(income)		52,484	(10,543)
Changes in:
Stocks		(1,505)	1,017
Trade and other debtors		92,909	(808)
Trade and other creditors		91,086	(4,458)
Provisions and employee benefits		12,500
Cash generated from operations		253,458	62,635
Interest paid		(3,341)	(3,394)
Interest received		739	2,279
Net cash from operating activities		2502856	61,520
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase oftangible assets		(54,244)	(24,731)
Net cash used in investing activities		(54,244)	(24,731)
CASH FLOWS FROM FINANCING	ACTIVITIES
Repayment of borrowings		(4,869)	(4,438)
Government grant income		1117032
Net cash from/(used in) financing	activities	106,163	(4,438)
NET INCREASE IN CASH AND CASH EQUIVALENTS		302,775	32,351
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		192,078	159,727
CASH AND CASH EQUIVALENTS AT END OF YEAR		494,853	192,078

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		f	f	f
DONATIONS
Donations		2,376		2,376
GRANTS
Grants receivable		33,863	99,949	133p812
Government	grant income	111,032		111,032
		147,271	99,949	247,220
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		f	f	f
DONATIONS
Donations		8,312		8,312
GRANTS
Grants receivable			8,200	8,200
Government	grant income
		8,312	8,200	16,512

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
			f	f	f	f
Social service contract		and spot
income			574,797	574,797	567,790	567,790
Private contracts/direct		payments	43,598	43,598	293,046	293,046
NHS contracts			331,573	331,573	236,166	236,166
Centre activity income			21,678	21,678	25,828	25,828
Outreach	activities and	room hire	5,344	5,344	11,354	11,354
Churchrigg	income		341,755	341p755	316,687	316,687
			1318745	1p318p745	1450871	1450871

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		f	f	f	f
Direct fundraising		779	779	3,575	3,575
Healthfood	shop income	20,991	20,991	34,587	34,587
		21,770	21,770	38,162	38,162
INVESTMENT INCOME
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		f	f	f	f
Bank interest		739	739	2,279	2,279
OTHER INCOME
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		f	f	f	f
Other income		15	15	1,128	1,128

				Unrestricted	Unrestricted		Total Funds	Unrestricted	Total Funds
					Funds		2021	Funds	2020
					f			f	f
Direct fundraising		costs			573		573	720	720
COSTS OF	OTHER	TRADING ACTIVITIES
				Unrestricted			Total Funds	Unrestricted	Total Funds
					Funds		2021	Funds	2020
					f		f	f	f
Shop costs - purchases				16,172			16,172	25,903	25,903
Shop costs -wages and salaries				16,263			16,263	23,950	23,950
Shop costs - overheads				17,645			17,645	13,429	13,429
				50,080			50,080	63,282	63,282
The shop	is run	as a social enterprise		rather	than	a profit-making		enterprise,	providing an
important	learning	and training	facility	for the members			ofChrysalis.
EXPENDITURE ON		CHARITABLE	ACTIVITIES BY		FUND	TYPE
						Unrestricted		Restricted	Total Funds
							Funds	Funds	2021
							f	f	f
Social service contract and spot			costs				689,586	11,703	701,289
Churchrigg							229,907	1,500	231,407
Centre activity costs							6,320	6,756	13,076
Outreach	activities						19,558	378	19,936
Support costs							443,857	45,712	489,569
							1,389,228	66,049	1,455,277
						Unrestricted		Restricted	Total Funds
							Funds	Funds	2020
							f	f	f
Social service contract and spot			costs				753,804	2,256	756,060
Churchrigg							192,224		192,224
Centre activity costs							14,440	1,076	15,516
Outreach	activities						28,517		28,517
Support costs							395,580		395,580
							1,384,565	3,332	1,387,897

13.	EXPENDITURE	ON CH	ARI	T	ABLE ACTIV	ITIES BYACTIVI	ITIES BYACTIVI	TY TYPE
						Activities
						undertaken				Total funds	Total fund
							directly E	Support costs E		2021 f	2020 E
	Social service	contract and			spot costs	701,289		465,766		1,167,055	1,132,138
	Churchrigg					231,407		23,803		255,210	211,726
	Centre activity	costs					13,076			13,076	15,516
	Outreach activities						19,936			19,936	28,517
						965,708		489,569		1,455,277	1,387,897
14.	ANALYSIS OF	SUPPORT COSTS
						Social	service
						contracts f		Churchrigg E		Total 2021 f	Tota I 2020 f
	Staff costs					345,137		15,556		360,693	309,262
	Communications and		IT				10,524	1,971		12,495	9,199
	General office						52,524	1,707		54,231	28,207
	Finance costs						3,341			3,341	3,454
	Governance costs						320			320	1,813
	Legal and professional		costs				19,780	3,844		23,624	20,799
	Depreciation						31,130		725	31'855	19,259
	Sundry costs						3,010			3,010	3,587
						465,766		23,803		489,569	395,580
15.	NET INCOME
	Net income is	stated	after		charging/(crediting):
										2021	2020
										f	E
	Depreciation	oftangible		fixed assets						31,855	19,259
	Fees payable	for the	audit		ofthe financial statements					3,000	3,000
	Fees payable	to the auditor for other				services				10,302	5,704
	Interest payable on bank			loans and overdrafts						3,341	3,394
	Operating lease payments				recognised	as an expense				18,968	19,600

The total staff costs and	employee	benefits for the reporting	period are analysed	follows:
			2021	2020
			f	f
Wages and salaries			1p075p878	1 111550
Socia I security costs			56,955	59,827
Employer contributions	to pension	plans	17,108	17,357
			1,149,941	1,188,734

TANGIBLE FIXEDASSETS
	Freehold	Motor
	property E	vehicles E	Equipment f	Total f
Cost
At 1April 2020	399,149	24,340	131,689	555,178
Additions		15,000	39,244	54,244
At 31March 2021	399,149	39,340	170,933	609,422
Depreciation
At 1April 2020	111,318	22,342	122,746	256,406
Charge for the year	13,410	3,400	15,045	31,855
At 31March 2021	124,728	25,742	137,791	288,261
Carrying amount
At 31March 2021	274,421	13,598	33,142	321,161
At 31March 2020	287,831	1,998	8,943	298,772

19.	STOCKS
			2021	2020
			f	E
	Raw materials	and consurnables	7,164	5,659
20.	DEBTORS
			2021	2020
			E	E
	Trade debtors		23,577	90,720
	Prepayments	and accrued income	34,936	60,702
	Other debtors		2,992	2,992
			61,505	154,414

	Building
	remedial
	works
	f
At 1April 2020	10,000
Additions	12p500
At 31March 2021	22,500

The amo	unts	recognis	ed in the financia	l st	atements fo	r government g	rants are as	follows:
							2021	2020
								f
Recognised in income			from donations	and	legacies:
Covid-19	government		grants income				111,032
ANALYSIS OF		CHARITABLE FUNDS
Unrestricted		funds
			At 1April					At 31March
			2020		Income	Expenditure	Transfers	2021
			f		f	f	f	f
General	funds		282,838		1,488,540	(1,439,881)	25,219	356,716
Contingency fund			208,457					208p457
Building	fund		13,356					13,356
Minibus	fund		1,999				(400)	1,599
			506,650		1,488,540	(1,439,881)	24,819	580,128
			At 1April					At 31March
			2019		Income	Expenditure	Transfers	2020
			f		f	f	f	f
General	funds		205,758		1,500,752	(1,448,567)	24,895	282,838
Contingency fund			208,457					208,457
Building	fund		13,356					13,356
Minibus	fund		2,499				(500)	1,999
			430,070		1,500,752	(1,448,567)	24,395	506,650

Restricte	d funds
		At 1April				At 31March
		2020	Income	Expenditure	Transfers		2021
		f	f	f	f		f
Restricted grants		466	99,949	(66,049)	(24,819)		9,547
Minibus	fund	7,595					7,595
		8,061	99,949	(66,049)	(24,819)		17,142
		At 1April				At	31March
		2019	Income	Expenditure	Transfers		2020
		f	f	f	f		f
Restricted grants		19,993	8,200	(3,332)	(24,395)		466
Minibus	fund	7,595					7,595
		27,588	8,200	(3,332)	(24,395)		8,061

ANALYSIS	OF NET ASSETS BETWEEN FUNDS	OF NET ASSETS BETWEEN FUNDS
			Unrestricted	Restricted	Tota I Funds
			Funds	Funds	2021
			f	f	f
Tangible fixed assets			321,161		321,161
Current assets			546,380	17,142	563p522
Creditors	less than 1year		(200,225)		(200,225)
Creditors greater than 1		year	(64,688)		(64,688)
Provisions			(22,500)		(22,500)
Net assets			580,128	17,142	597,270
			Unrestricted	Restricted	Tota I Funds
			Funds	Funds	2020
			f	f	f
Tangible fixed assets			298,772		298,772
Current assets			344,090	8,061	352,151
Creditors	less than 1year		(56,595)		(56,595)
Creditors	greater than 1	year	(69,617)		(69,617)
Provisions			(10,000)		(10,000)
Net assets			506,650	8,061	514,711
ANALYSIS	OF CHANGES	IN NET DEBT
					At
			At 1Apr 2020	Cash flows	31Mar 2021
			f	f
Cash at bank and in hand			192,078	302,775	494,853
Debt due	within one year		(5,530)	(60)	(5,590)
Debt due	after one year		(69,617)	4,929	(64,688)
			116,931	307,644	424,575

The total future	lease payments	leases	are as follows:
		2021	2020
		f	f
Not later than 1year		16,426	19,600
Later than 1year and not	later than 5years	16,178	29,033
		32,604	48,633