## **Embercombe - a company limited by guarantee** ## **Annual Report** ## **Year Ended 31 March 2021** Company Registration Number 05943952 Charity Registration Number 1116793 1 |**Contents**|| |---|---| ||**Page**| |Trustees Annual Report|3 – 8| |Statement of Trustees Responsibilities|9| |Independent Examiners Report|10 - 11| |Statement of Financial Activities|12 - 13| |Balance Sheet|14| |Statement of Cash Flows|15 - 16| |Notes to Financial Statements and Accounting Policies|16 - 35| 1 2 ## **TRUSTEES ANNUAL REPORT** The Trustees, who are also directors for the purposes of company law, submit their report and the unaudited financial statements of the Trust for the year ended 31 March 2021. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts, and comply with the Company’s Memorandum and Articles of Association, the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), which was published on 16 July 2014. This report includes the Directors Report as required by Company Law. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Registered Company number: 5943952 (England and Wales) Registered Charity Number: 1116793 Registered Office: Embercombe Higher Ashton Exeter Devon EX6 7QT ## **Trustees** Charles Anderson (appointed July 2016) Ruth Dobson (appointed September 2017) Rosa Sommer Martin (appointed December 2017) Jon Rae (appointed December 2017) Jacqueline Davis (appointed November 2019) ## **Bankers** The Co-Operative Bank Skelmersdale WN8 6WT 2 3 ## **1. Structure and Governance** The objects of the company are to promote all purposes which are charitable under the laws of England and Wales. ## **Governing Document** Embercombe is a charitable company limited by guarantee, having no share capital, incorporated under the Companies Act and governed in accordance with the Memorandum and Articles of Association dated 22 September 2006 and amended October 2015. It is a registered charity. ## **2. Our Aims and Objectives** Embercombe’s mission is to empower people and organisations to take action for a regenerative and flourishing world for all. We run residential and online educational programmes and venue hires from our 50-acre site in rural Devon. We have pastures, woodlands, gardens, a lake, simple yurt accommodation, kitchens providing delicious organic vegan food and ‘back-to-nature’ meeting and teaching spaces. In order to provide an appropriate land-based container and hands-on example for our work, we are rewilding our land, inviting volunteers to learn practical land-based skills and working with local landowners to create wild corridors in our area. All of our educational programmes are built on connecting with nature, rewilding places and people, community building and soul-centred transformative experience. We encourage our participants to explore the ‘Twin Trail’ – the two parallel paths of personal transformation, the inner path of self-development, and the outer path of action. Our philosophy is based on the concept of the ‘Children’s Fire’, a reminder for us to consider only actions and behaviours which are most likely to support the flourishing of future generations of all species. We are run by a small, part-time staff team, and a team of residential assistants and local volunteers. ## **Ensuring our work delivers our aims** The Charities Act 2006 introduced the requirement for charities to show they provided public benefit. The Trustees have reviewed the object, goals, services and objectives of the charity in the light of this requirement and can confirm that Embercombe serves the public benefit. This Trustees’ Annual report continues to evidence how the charity strives to meet these needs. 3 4 ## **The focus of our work for the year** The main objectives for the year 2020-2021 were to: 1. achieve financial sustainability from our educational courses, programmes and venue hires, making sure that all direct and indirect costs of our operation are covered by income; and 2. develop additional income streams that will allow us to further develop and deliver the charitable aims of Embercombe, maintain and improve our site and buildings, and provide additional resource capacity within our staff team. ## **3. Our Activities** In order to achieve this objectives we: - i) planned a full residential programme of courses and venue hires from March - November 2020, and February - March 2021; - ii) planned a number of day hire bookings as an additional income stream; and - iii) developed plans to run an online workshop and events programme as an additional income stream. ## **4. Our Progress** We arrived at the beginning of March 2020 with a full programme for the 2020 season, with projected income looking stronger than for several years previously and a high level of confidence that sustainability would be attained in the 20/21 financial year. With a full staff team on salary and assistants already recruited, we started a strong season with two sold out courses in the first weeks of March. Sadly, only weeks into our season, COVID lock-down meant that we had to shut the site and postpone all of our courses, venue hires and events indefinitely. All deposits and course bookings were placed in ring-fence at this point and the operational staff were furloughed. A great advantage, and the primary reason we survived, is that we arrived in this situation having already laid plans to launch an online platform at the beginning of the season. This paid off during the COVID lockdown when we were able to test our fledgling platform using free content, to an audience that were very eager to engage in online connection. Our viewer numbers were immediately very high, allowing us to reach people around the world. This was to form the basis on an alternative income stream from paid-for online workshops which we were able to offer in Autumn and Winter 20/21 which supplemented government grants and salary furlough for a large proportion of our staff. During the year, bookings for future residential programmes also continued, and thanks to confidence and patience from our participants we did not need to make refunds for events that needed to be rescheduled over this time. 4 5 For 3 months of the 20/21 financial year, we were able to deliver some residential programmes in-between lock-downs, using a strict COVID-safe protocol. This was possible due to our large indoor spaces which worked well for social distancing and allowed us to make good use of our outdoor teaching and eating facilities and single person yurt accommodation. ## **5. Plans for future period** We begin the 21/22 year in a strong trading position, despite the challenges of COVID, and the Trustees are pleased to report that the organisation remains a going concern. We have sold out residential courses and a back-to-back season of venue hires and events - the delivery of which depend on COVID restrictions. We have found that our participants and clients have an increased appetite for the educational work that we offer - returning to the land, finding community and restoring a deeper sense of connection with the natural world. Our online programme will be a strong income stream into the future, for courses and conferences and debates. We are developing online-only and blended versions of our residential programmes to make our offerings more accessible to an international audience and attract the best teachers in our subject area from around the world - thus making us more COVID secure and able to cut down on international travel. We will continue the rewilding of our land and welcoming people to come and help us achieve our land management plans in a series of seasonal rewilding camps, in partnership with international organisation Ecosystem Restoration Camps. In addition to working to ensure our financial sustainability, there are two priorities for the forthcoming financial year: 1. To revisit our charitable objectives and consider how we deliver against these in a more specific way, by developing programmes and partnerships with organisations who can help us bring people onto the land that would not have the chance otherwise; and 2. To focus on fundraising to allow us i) to start work on the building works required under our site Masterplan; ii) to employ more staff to take us above a minimum viable team; iii) to allow us to invite more people to attend our programmes on paid-for bursary places and iv) to help us to continue develop our programming to world-class standard. ## **6. Financial Review** ## **Results for the Year** Income from Charitable Activities, which include our programmes, events and venue hires for all beneficiary groups, amounted to £324,149 - an improvement on previous years (£198,049 in 19/20, £77,273 in 18/19). This figure includes a partial exemption of £76,090 which has been agreed in principle by HMRC but has not been received at year end. The amount is carried in the balance sheet as HMRC debtor. 5 6 In 17/18 when the organisation was last operating at full capacity, prior to a full revisioning and restructure, the income from charitable activities was £280,498. This is the benchmark that the organisation has been working towards for the past two years, and this year has surpassed, once the VAT partial exemption is realised for our educational activities. Because of the COVID restrictions, the 20/21 income from our Charitable Activities was supplemented by £115,088 in grants and furlough, with an additional £7,855 of donations, which brought the total incoming resources in 20/21 to £447,092. Expenditure on charitable activities was £395,439, compared with £356,736 in the previous year (£344,605 for 18/19, £529,844 for 17/18). This trajectory shows that even by expanding our activities and income, continual efficiency measures within the organisation, and the addition of an online income, we are driving improvements in expenditure. The result for 20/21 was net incoming resources of £51,653, compared with a net outgoing of £153,489 in 19/20 (outgoing £232,602 in 18/10, outgoing £253,974 in 17/18). Donations in this year were £7,855, slightly up on £5,198 in 19/20, but still considerably less than in previous years when there was more dependence on donated funds - £34,730 in 18/19 and £59,851 in 17/18. Our focus in this year has been on direct income generating activities, but a priority for the next financial year, as stated above, is to develop our grant-body fundraising and private donation. Net incoming cash flow over the year was £32,836 resulting in year-end cash balances of £92,944. The net current asset at the close of the financial year was £81,285. ## **Reserves** The Board has over the last year monitored the reserve position closely, keeping cash flow forecast and expenditure under constant review. Our reserve policy going forward is to increase and maintain reserves at 6 times the monthly operating cost of the organisation. The Charity’s reserves position at the year-end was as follows: |**Reserve**|||||**FY20-21**|**FY19-20**| |---|---|---|---|---|---|---| |Unrestricted Funds - Reserves|||||69,797|-13,209| |Fixed Assets|||||1,185,978|1,217,331| |Restricted Funds|||||11,487|11,287| |Endowment Funds|||||914,993|914,993| |Total|||||2,182,255|2,130,402| 6 7 |||||||| |---|---|---|---|---|---|---| |Annual operating expenditure|||||395,439|356,736| |||||||| |Ratio of reserves to annual operating expenditure|||||0.18|-0.04| _(Endowment Funds – The endowment represents the gift of the freehold property to the charity together with expenditure by the previous trust on the property at Embercombe, prior to the company being formed)_ ## **Principal Risks and Uncertainties** During this financial period the primary risk and uncertainty was the COVID lockdown which meant that the organisation was unable to deliver its residential programme which is the primary income stream. A fast move to online course provision meant that we were able to achieve a second income stream. This, combined with careful ring-fencing of deposits, transparent communications with our participants, and responsive and emergent programming of residential courses and events between lock-downs, has meant that we have achieved a position of confidence for the next financial period. ## **Public Benefit Obligation also mentioned above** Embercombe meets its public benefit obligation by providing educational courses, experiences and events to adults, young persons, families and organisations, to empower them to take action for a regenerative and flourishing world for all. As well as paid for events, we include free events, on site and online, bursary (supported) places on all of our residential programmes and we trainings and land-based opportunities for local volunteers. Embercombe welcomes and supports participants and organisations from all backgrounds and does not discriminate on the basis of age, gender, race, religion, political persuasion or on any other basis. The Trustees consider that any personal benefit received by individuals or organisations attending its events is in addition to the Charity’s broader goal of bringing about a flourishing world for all. In making this statement the Trustees have had regard to the Charity Commission’s guidance on public benefit. ## **The Board of Trustees** Embercombe’s Trustees are selected to fill specific skills needs on the Board, to ensure diversity is maintained and for the ability to contribute time and energy in service of Embercombe’s mission. They are appointed following an interview process with the Chair of Trustees and at least one other Trustee and attendance as an observer for at least one Trustee Board meeting. Trustees are issued with the Charities Commission guidelines “The Essential Trustee”. 7 8 ## **Board Changes** There has been no change to the Board of Trustees over this period. ## **Organisational Structure** During the year to 31 March 2021 the Charity was run by a Director, reporting to the Board of Trustees and a small staff team reporting to the Director - a core team covering administration, marketing and communications, customer liaison and site management, and an operations team covering hosting, house and kitchen for the purposes of programme and event delivery. ## **Internal Control & Risk Management** The Trustees acknowledge overall responsibility for Embercombe’s internal controls and risk management. The annual budget, prepared by the Director is approved by the Trustees after detailed scrutiny. The financial reporting system compares income and expenditure against budget on a monthly and quarterly basis. The various risks facing the Charity and their means of mitigation are recorded in a Risk Register that is updated before every Board meeting and reviewed by the Trustees at that meeting. ## **Pay Policy** The Board is responsible for setting remuneration policy for the Director. It agrees the appointment of the Director and remuneration, as well as the budget within which the Director can negotiate salaries and contracts. The Board gives final approval of the overall cost of salaries and contracts. The Board pays attention to remuneration levels in the sector in determining salaries and fees. They are set having regard to responsibilities, pay levels for comparable positions and available resources. ## **Small Company Provisions** This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006. The annual report was Approved by the Trustees of the charity and signed on its behalf by: **Charles Anderson** – Chair of Trustees Date – 29/12/2021 8 9 ## **Trustees Responsibilities** Charity Law in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees should follow best practice and: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgements that are reasonable and prudent; - state whether the applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the ongoing concern basis unless it is inappropriate to presume that the charity will continue its operations. The Trustees are responsible for keeping accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Embercombe selects and appoints Trustees in line with current Charities Commission guidelines seeking to balance the expertise and professional experience of Board members. In so far as the Trustees are aware: There is no relevant accounts information of which the charitable company is unaware; The Trustees have taken all steps that they ought to have taken, to make themselves aware of any relevant accounts information and to establish that the independent examiner is aware of that information. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s web site. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. **Charles Anderson** – Chair of Trustees Date – 29/12/2021 9 10 ## **Independent examiner's report on the accounts** **----- Start of picture text -----**
Section A Independent Examiner’s Report
Report to the Embercombe
trustees/directors/
members of
On accounts for the year 31 March 2020
ended
Charity no.: 1116793 Company no.: 05943952
Set out on pages 14-39
)
I report to the charity trustees on my examination of the accounts of the
Company for the year ended 31 / 03 / 2020
Responsibilities and As the charity’s trustees of the Company (who are also the directors of the
basis of report company for the purposes of company law), you are responsible for the
preparation of the accounts in accordance with the requirements of the
Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to
be audited for this year under Part 16 of the 2006 Act and are eligible for
independent examination, I report in respect of my examination of your
charity’s accounts as carried out under section 145 of the Charities Act 2011
**----- End of picture text -----**
10 11 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) which gives me cause to believe that: • accounting records were not kept in accordance with section 386 of the Companies Act 2006; or • the accounts do not accord with such records; or • the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or •the accounts have not been prepared in accordance with the Charities SORP (FRS102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Date:** 21 December 2021 **Signed: Name:** Bertram Andrew Northmore FCMA **Relevant professional** Chartered Institute of Management Accountants **qualification(s) or body (if any): Address:** Northmore Business Associates Ltd Tor View Office, Fore Street Tamerton Foliot Plymouth, Devon PL5 4NA **Section B Disclosure** 11 12 |**Embercombe**||||||| |---|---|---|---|---|---|---| |**Statement of Financial**
**Activities**||||||| |**for the Year Ended 31**
**March 2021**||||||| ||||||Year Ended|Year Ended| ||||||31-Mar-21|31-Mar-20| |||Unrestricted Funds|Restricted
Funds|Endowment
Funds|Total Funds|Total Funds| ||Notes|£|£|£|£|£| |Income from:||||||| |||||||| |Donations|2|7,855|0||7,855|5,198| |Charitable Activities|3|324,149|0||324,149|198,049| |Investment Income|4|0|||0|0| |Grant Income|5|115,088||0|115,088|0| |Other||||||| ||||||0|0| |Total Incomingresources||447,092|0|0|447,092|203,247| |||||||| |Expenditure on||||||| |**Raising Funds**||||||| |**Charitable activities**|6|395,439|0|0|395,439|356,736| |Separate Material Item
of Expense|8|0|||0|0| |Other|9|0|||0|0| |||||||| |Total resources
expended||395,439|0|0|395,439|356,736| |||||||| |**Net Incoming/(Outgoing)**
**Resources before transfers**|10|51,653|0|0|51,653|-153,489| 12 13 |Gross transfers between
funds|||||0|| |---|---|---|---|---|---|---| |**Net Incoming/(Outgoing)**
**Resources**||51,653|0|0|51,653|-153,489| |||||||| |**Reconciliation of Funds**||||||| |||||||| |**Total funds brought forward**||1,204,122|11,487|914,993|2,130,602|2,283,891| |||||||| |**Total Funds Carried**
**Forward**||1,255,775|11,487|914,993|2,182,255|2,130,402| |||||||| |**Note -**||||||| |**Of the Total Funds Carried**
**Forward,**||||||| |**the amount invested in fixed**
**assets is:**||1,185,978||914,993|2,100,971|**2,132,324**| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 13 14 |**Embercombe**||||||| |---|---|---|---|---|---|---| |**Balance Sheet**||||||| |**As at 31 March 2021**||||||| ||||||Year Ended|Year Ended| ||||||31-Mar-21|31-Mar-20| |||Unrestricted
Funds|Restricted
Funds|Endowment
Funds|Total Funds|Total Funds| ||Notes|£|£|£|£|£| |**Fixed Assets**||||||| |Tangible Assets|13|1,185,978||914,993|2,100,971|2,132,324| |||||||| |**Current Assets**||||||| |Stock||378|||378|300| |Debtors|14|79,766|||79,766|8,021| |Cash at bank||81,457|11,487||92,944|60,108| |Total Current Assets||161,601|11,487|0|173,0188|68,429| |||||||| |**Current Liabilities**||||||| |Creditors - amounts falling due
within oneyear|15|-91,803|0||-91,803|-70,351| |||||||| |**Net Current Assets**||69,798|11,487|0|81,285|-1,922| |||||||| |**Total Assets less Current**
**Liabilities**||1,255,776|11,487|914,993|2,182,256|2,130,402| |||||||| |Net Assets||1,255,776|11,487|914,993|2,182,256|2,130,402| |||||||| |Funds||||||| |Unrestricted funds|||||1,255,776|1,204,122| |Restricted funds|||||11,287|11,287| |Endowment funds|||||914,993|914,993| |||||||| |Total Funds|18||||2,182,256|2,130,402| ## **Company Registration Number 05943952** ## **Charity Registration Number 1116793** For the financial year ending March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 14 15 Directors' responsibilities: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small Companies regime. The financial statements on pages 13 to 37 were approved by the Trustees and authorised for issue on 29/12/2021 and signed on their behalf by Charles Anderson – Chair of Trustees. **Charles Anderson** – Chair of Trustees Date – 29/12/2021 |**Embercombe**|||| |---|---|---|---| |**Statement of Cash Flows**|||| |**At 31 March 2021**|||| |||Year Ended|Year Ended| |||31-Mar-21|31-Mar-20| |||£|£| ||||| |Net cash provided by/(used in) operating
activities|19|32,836|-95,694| ||||| |Cash Flows from Investing Activities|||| |Interest||0|0| |Purchase of tangible fixed assets||0|-59,185| |Net Proceeds from sale of fixed assets||0|4,295| |Ex Gratia and Redundancy Payments||0|0| ||||| |Sub total||0|-54,890| ||||| |Change in cash and cash equivalents in theyear||32,836|-150,584| ||||| |Cash and cash equivalents at the beginning of
theyear||60,108|210,692| 15 16 ||||| |---|---|---|---| |Cash and cash equivalents at the end of the year||92,944|60,108| ||||| |||0|0| ||||| ## **Notes to the Financial Statements** ## **Embercombe, For the Year Ended 31 March 2021** ## **Accounting Policies** ## **Basis of preparation** The financial statements have been prepared under the historical cost convention with items being recognised at cost or transaction value unless otherwise stated in the notes to these accounts. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP FRS 102 effective 1 January 2019), with FRS 102 and with the requirements of the Companies Act 2006 and the Charities Act 2011. The Charity constitutes a policy benefit entity as defined by FRS 102. Critical accounting estimates and areas of judgement The items in the financial statements where the Trustees have had to make significant judgements and estimates include: - The estimates of the useful economic lives of the tangible fixed assets used to determine the depreciation charge - The basis on which support costs have been allocated across the various expenditure headings - The accounting for the Linhay property which was valued at lower cost and not realisable value and supported by a professional validation ## **Assessment of on-going concern** Proceeds from the sale of cottages, coupled with the minimisation of senior management overheads, leads the Trustees to conclude that a going concern assumption continues to be appropriate for the preparation of the financial statements. ## **Income** All income is included in the Statement of Financial Activities when the Charity is legally entitled to the income, the amount can be quantified with reasonable accuracy and it is probable that the income will be recovered. **Expenditure** is accounted for on an accruals basis and has been classified under headings that integrate all costs related to the category. Expenditure comprises direct costs and support costs. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued expenditure. ## **Support Costs** Support costs represent indirect charitable expenditure and include governance costs. Support costs include salaries of office-based staff, facilities and premises costs, insurance and bank charges, information systems, communications and other general services. 16 17 Support costs are allocated to other headings on a reasonable basis. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows: Land and Buildings _Straight line over 10 to 50 years on buildings only_ Plant and Machinery _20% on reducing balance_ ## **Debtors** Debtors are recognised at their settlement amount less any provision for non-recoverability. ## **Creditors and Provisions** Creditors and provisions are recognised when there is an obligation which is likely to result in the transfer of economic resources and the amount of such transfer can be estimated reliably. The amount recognised is the amount which the charity anticipates it will pay to settle the obligation. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 17 18 |2. Donations|Year Ended 31/03/2021|Year Ended 31/03/2021|Year Ended 31/03/2021|Year Ended 31/03/2021|||Year Ended 31/03/2020|Year Ended 31/03/2020|Year Ended 31/03/2020|Year Ended 31/03/2020| |---|---|---|---|---|---|---|---|---|---|---| ||Unrestricted|Restricted|Endowment|Total|||Unrestricted|Restricted|Endowment|Total| ||£|£|£|£|||£|£|£|£| |Donations|7855|0|0|7855|||5198|0|0|5198| |||||||||||| |||||||||||| |3. Charitable Activities|Year Ended 31/03/2021||||||Year Ended 31/03/2020|||| ||Unrestricted|Restricted|Endowment|Total|||Unrestricted|Restricted|Endowment|Total| ||£|£|£|£|||£|£|£|£| |Charitable Activities|324149|0|0|324149|||198049|0|0|19804
9| |||||||||||| |||||||||||| |4. Investment Income|Year Ended 31/03/2021||||||Year Ended 31/03/2020|||| ||Unrestricted|Restricted|Endowment|Total|||Unrestricted|Restricted|Endowment|Total| ||£|£|£|£|||£|£|£|£| 18 19 |Deposit Account Interest|0|0|0|0||0|0|0|0| |---|---|---|---|---|---|---|---|---|---| ||||||||||| ||||||||||| |5. Separate Material Item of Income|Year Ended 31/03/2021|||||Year Ended 31/03/2020|||| ||Unrestricted|Restricted|Endowment|Total||Unrestricted|Restricted|Endowment|Total| ||£|£|£|£||£|£|£|£| |Grant Income|115,088|0|0|115,088||0|0|0|0| ||||||||||| |Unrestricted fund income equates to proceeds of
sale. Endowment fund costs equate to acquisition
cost of assets less accumulated depreciation .|||||||||| ||||||||||| |6. Expenditure on Charitable Activities|Year Ended 31/03/2021|||||Year Ended 31/03/2020|||| ||Unrestricted|Restricted|Endowment|Total||Unrestricted|Restricted|Endowment|Total| ||£|£|£|£||£|£|£|£| |Programme costs - Facilitators, travel, food,
cleaning and equipment|146,266|||146,266||125,430|||125,43
0| |Facilities improvements, repairs, refurbishment
and depreciation|55,657|||55,657||71,748|||71,748| 19 20 |Marketing and PR|8,813|||8,813||16,620|||16,620| |---|---|---|---|---|---|---|---|---|---| |Fixed Asset Impairment - EBC Settlement||||||1,493|||1,493| |Support Costs (Note 7)|184,703|||184,703||141,445|||141,44
5| ||||||||||| ||395,439|0|0|395,439||356,736|0|0|356,73
6| ||||||||||| ||||||||||| |7. Support and Governance Costs|Year Ended 31/03/2021|||||Year Ended 31/03/2020|||| ||Unrestricted|Restricted|Endowment|Total||Unrestricted|Restricted|Endowment|Total| ||£|£|£|£||£|£|£|£| ||||||||||| |Wages and Social Security|134,020|||134,020||72,755|||72,755| |Pension|1,897|||1,897||1,399|||1,399| |Repairs, Renewals and Facility Improvements|0|||0||0|||0| |Utilities|14,160|||14,160||9,503|||9,503| |Other Costs|28,473|||28,473||48,029|||48,029| 20 21 |Accountancy - governance|4,000|||4,000||8,000|||8,000| |---|---|---|---|---|---|---|---|---|---| |Other Professional - governance|1,653|||1,653||1,259|||1,259| |Reporting Accountant Fees - governance|500|||500||500|||500| ||||||||||| ||184,703|0|0|184,703||141,445|0|0|141,44
5| ||||||||||| |8. Separate Material Item of Expense|Year Ended 31/03/2021|||||Year Ended 31/03/2020|||| ||Unrestricted|Restricted|Endowment|Total||Unrestricted|Restricted|Endowment|Total| ||£|£|£|£||£|£|£|£| |Remedial costs on freehold properties prior to sale|0|||0||0|||0| ||||||||||| ||0|0|0|0||0|0|0|0| 21 22 |9. Other Expenditure||||Year
Ended|Year Ended|Year Ended|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||31-Mar-21|31-Mar-20||||||||| ||||||||||||||| |Ex Gratia Payments||||0|0||||||||| |Redundancy Payments||||0|0||||||||| ||||||||||||||| |||||0|0||||||||| ||||||||||||||| |Charitable Activities Expenditure by fund:|||||||||||||| |Unrestricted||||0|0||||||||| |Restricted||||0|0||||||||| |Endowment||||0|0||||||||| ||||||||||||||| |10. Net Incoming/(Outgoing) Resources|||||||||||||| |Net resources are stated after charging/(crediting):||||Year
Ended|Year Ended||||||||| 22 23 |||||31-Mar-21|31-Mar-20|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||£|£|||||||| |Depreciation - owned assets||||31,353|33,982|||||||| |Surplus on disposal of fixed assets|||||0|||||||| |||||||||||||| |11. Trustees' Remuneration and Benefits||||||||||||| |No trustee received any remuneration or other benefits
in respect of their role as trustee (2017 : Nil)||||||||||||| |Travel expenses totalling NIL were reimbursed in FY20
(NIL in 2019)||||||||||||| |||||||||||||| |12. Staff Costs||||Year
Ended|Year Ended|||||||| |||||31-Mar-21|31-Mar-20|||||||| |||||£|£|||||||| |Wages and Salaries||||127,342|70,406|||||||| |Social Security Costs||||6,678|2,349|||||||| |||||134,020|72,755|||||||| 23 24 ||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Pension conributions of £1,399 were paid in the period
under an auto enrolment scheme (2019 : £546)|||||||||||||| |No bonuses costs were incurred in the period (2019 :
Nil)|||||||||||||| |No Redundancy costs were incurred in the period (2019
: Nil)|||||||||||||| |No Ex Gratia payments were incurred in the period
(2019 : Nil)|||||||||||||| ||||||||||||||| |The average number of employees during the year was
as follows:||||Year
Ended|Year Ended||||||||| |||||31-Mar-21|31-Mar-20||||||||| |Operations - Full Time Equivalent||||4|5||||||||| ||||||||||||||| |The key management personnel of the Charity
comprised the Managing Director and three FTE direct
reports.|||||||||||||| |The Managing Director's remuneration totalled
£16,385 for the period April 2019 to March 2020 (2019
: £15,000), excluding employer's national insurance|||||||||||||| 24 25 |contributions of £1,666 (2019 : £1,489) and Employers
Pension contributions of £399 (2019 : £240)||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |No employee earned more than £60,000 in either
financial year.||||||||||||| |The Trustees received no remuneration for their roles
as trustees (2018 : Nil).||||||||||||| |||||||||||||| |Taxation - The company is a registered charity. As such
it is entitled to certain tax exemptions on income and
profits from investments and surpluses on any trading
activities carried on in the furtherance of the Charity’s
primary objectives provided that these profits and
surpluses are applied solely for charitable purposes.||||||||||||| |||||||||||||| |13. Tangible Fixed Assets|||Land and
Buildings|Plant and
Machinery|Totals|||||||| ||||£|£|£|||||||| |**Cost**||||||||||||| |At 1 April 2020|||2,305,097|68,067|2,373,164|||||||| |Additions|||0|0|0|||||||| |Disposals|||0|0|0|||||||| 25 26 |At 31 March 2021|||2,305,097|68,067|2,373,164|2,373,164|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||| |**Depreciation**|||||||||||||| |At 1 April 2020|||189,792|51,048|240,840||||||||| |Charge for year|||27,949|3,404|31,353||||||||| |Eliminated on disposal|||0|0|0||||||||| |At 31 March 2021|||217,741|54,452|272,193||||||||| ||||||||||||||| |**Net Book Value**|||||||||||||| |At 31 March 2021|||2,087,356|13,615|2,100,971||||||||| |At 1 April 2020|||2,115,305|17,019|2,132,324||||||||| ||||||||||||||| |14. Debtors: Amounts Falling Due Within One Year||||Year
Ended|Year Ended||||||||| |||||31-Mar-21|31-Mar-20||||||||| |||||£|£||||||||| 26 27 |Trade Debtors||||3561|121|121|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Prepayments||||0|1178||||||||| |HMRC Debtor||||76090|6606|||vat rebate|||||| |Other Debtors||||115|116||||||||| |||||79766|8021||||||||| ||||||||||||||| |15. Creditors: Amounts Falling Due Within One Year||||Year
Ended|Year Ended||||||||| |||||31-Mar-21|31-Mar-20||||||||| |||||£|£||||||||| |Trade Creditors||||3813|0||||||||| |Taxation, Social Security and Pension||||7592|6708||||||||| |VAT Creditor||||9416|14763||||||||| |Other Creditors - Accruals and Deferred Income||||40982|48880||||||||| |||||61,803|39,702||||||||| ||||||||||||||| 27 28 |||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Income is deferred where customer payments have
been received for activities in future periods. The
deferred income is released in the relevant period to be
matched against costs incurred||||||||||||| |||||||||||||| |Movement in deferred income account||||Year
Ended|Year Ended|||||||| |||||31-Mar-21|31-Mar-20|||||||| |||||£|£|||||||| |||||||||||||| |Balance at the start of the reporting period||||22,688|22,060|||||||| |Amounts added in current period||||199,126|193,751|||||||| |Amounts released to income from previous periods||||-191,002|-193,123|||||||| |Balance at the end of the reporting period||||30,812|22,688|||||||| |||||||||||||| |The Charity had no non-cancellable operating leases as
at 31 March 2020 or 31 March 2019 and therefore had
no payment commitments within 1 year, 2-5 years or
after 5 years||||||||||||| 28 29 |||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||| |16. Movement in Funds||||||||||||| |||||||||||||| |||At 1 April
2021|Net
movement
in funds|Transfers
between
funds|At 31
March
2020|||||||| |||£|£|£|£|||||||| |**Unrestricted funds**||||||||||||| |General Fund||1,204,122|51,653|0|1,255,775|||||||| |||||||||||||| |**Restricted Funds**||||||||||||| |**Awards For All (A&W)**||0|0|0|0|||||||| |**Catalyst Bursary**||11,071|200|0|11,271|||||||| |**Ecorys SP**||0|0|0|0|||||||| |**EU Fund - Sabina**||0|0|0|0|||||||| |**Northbrook**||0|0|0|0|||||||| 29 30 |**Start**||216|0|0|216|216|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Time to Shine**||0|0|0|0||||||||| |||11,287|200|0|11,487||||||||| ||||||||||||||| |**Endowment Funds**||914,993|0|0|914,993||||||||| ||||||||||||||| |**Total Funds**||2,130,402|51,853|0|2,182,255||||||||| ||||||||||||||| ||||Incoming
Resources|Resources
Expended|Movement
in Funds||||||||| |17. Net movement in funds, included in the above are
as follows:|||£|£|£||||||||| ||||||||||||||| |**Unrestricted funds**|||447,092|-395,439|51,653||||||||| |General Fund|||||||||||||| ||||||||||||||| |**Restricted Funds**|||||||||||||| 30 31 |**Awards For All (A&W)**|||0|0|0|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |**Catalyst Bursary**|||0|0|0|||||||| |**Ecorys SP**|||0|0|0|||||||| |**EU Fund - Sabina**|||0|0|0|||||||| |**Northbrook**|||0|0|0||Income
booked in
previous
year should
have gone to
Unrestricted
Funds (Tribe)
- adjsuted in
FY19|||||| |**Start**|||0|0|0|||||||| |**Time to Shine**|||0|0|0|||||||| |||||||||||||| ||||0|0|0|||||||| |||||||||||||| |**Endowment Funds**||||0|0|||||||| |||||||||||||| |**Total Funds**|||447,092|-395,439|51,653|||||||| 31 32 ||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The endowment fund represents the gift of the
freehold property to the trust together with
expenditure by the previous trust on the property at
Embercombe, prior to the company being formed.|||||||||||||| ||||||||||||||| |**Awards For All (A&W)**|||For
education
materials||||||||||| |**Catalyst Bursary**|||To help
those on a
low income
to
participate
on Catalyst||||||||||| |**Start**|||For
transport to
enable
refugees
from Exeter
to come
and
volunteer at
Embercomb
e||||||||||| ||||||||||||||| ||||||||||||||| 32 33 |**18. Analysis of net assets between funds**|||Fixed Assets|Current
Assets|Current
Liabilities|Current
Liabilities|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||| |Unrestricted|||1,185,978|161,601|-91,803||||||||| |Restricted||||11,487|||||||||| |Endowment|||914,993||||||||||| ||||2,100,971|173,088|-91,803||||||||| ||||||||||||||| |**19. Related Party Transactions**|||||||||||||| |During the year to 31 March 2020, no fees were paid to
Trustees.|||||||||||||| ||||||||||||||| ||||||||||||||| |**20. Share Capital and Members Liability**|||||||||||||| |The company is limited by guarantee. In the event of
the company being wound up, the liability of each
member is limited to £1.|||||||||||||| ||||||||||||||| |**21. Control**|||||||||||||| 33 34 |The Charity is under the effective control of its
Trustees.||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||| |**22. Reconciliation of net movement in funds to net**
**cash flows from operating activities**||||Year
Ended|Year Ended|||||||| |||||31-Mar-21|31-Mar-20|||||||| |||||£|£|||||||| |||||||||||||| |Net movement in funds||||51,854|-153489|||||||| |Investment income shown in investing
activities||||0|0|||||||| |Decrease/(Increase) in stock||||-78|0|||||||| |Decrease/(Increase) in debtors||||-74,745|-6,008|||||||| |Increase/(Decrease) in creditors||||21,452|30,649|||||||| |Depreciation charge||||31,353|33982|||||||| |Proceeds from sale of fixed assets||||0|-4295|||||||| |Disposal of fixed assets||||0|3467|||||||| |Remedial costs on freehold properties sold in period||||0|0|||||||| 34 35 |Ex Gratia and Redundancy Payments||||0|0|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||| |||||32,836|-95694|||||||| |||||||||||||| |||||0|0|||||||| |||||||||||||| |**23. Contingent Liabilities and Subsequent Events**||||||||||||| |During this period the Charity has undergone a period
of testing of its new vision business plan, projected
income streams and portfolio of offerings.||||||||||||| |Less income was achieved than expected for reasons
detailed in the report, but a solid foundation was laid
for the following year, based on the development of a
second reliable income stream.||||||||||||| 35