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|||||||PAGE|
|---|---|---|---|---|---|---|
|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|
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|Registered|charity|name|name|Chrysalis
(Cumbria)|Limited|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|||||
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|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|
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|||||||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|
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||||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|
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|||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|
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|||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|
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||||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|
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|||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|
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|||||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|
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|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|
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|The total staff costs and|employee|benefits for the reporting|period are analysed|as|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|
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|18.|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|
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|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|
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||Building|
|---|---|
||remedial|
||works|
||f|
|At 1April 2020|10,000|
|Additions|12p500|
|At 31March 2021|22,500|
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|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|
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|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|
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|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|
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|The total future|minimum|lease payments|under non-cancellable|operating|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|
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