| Page | |||
|---|---|---|---|
| Reference and Administrative | Details of the Trust, its Trustees and Advisers | ||
| Trustees' Report |
2-9 | ||
| Independent Auditors' |
Report | on the Financial Statements | 10-14 |
| Statement of Financial | Activities | 15 | |
| Balance Sheet | 16-17 | ||
| Statement ofCash Flows | 18 | ||
| Notes to the Financial | Statements | 19-39 |
| Trustees | C Brown | |||||||
|---|---|---|---|---|---|---|---|---|
| J Bryce (resigned 24 August 2021) | ||||||||
| J Myers (appointed | 15 | November 2021) | ||||||
| K Clipsham | ||||||||
| S Earl | ||||||||
| N V Harmer | ||||||||
| L E McCartney-Gray | ||||||||
| C E Parry-Jones | ||||||||
| J Vitkovitch | ||||||||
| LJ Wilkinson | ||||||||
| Company | registered | |||||||
| number | 04103670 | |||||||
| Charity registered | ||||||||
| number | 1117051 | |||||||
| Registered | office | The Henderson | Business Centre | |||||
| 51 Ivy Road | ||||||||
| Norwich | ||||||||
| Norfolk | ||||||||
| NR5 8BF | ||||||||
| Company | secretary | Nicholas Craig |
||||||
| Chief Executive Officer | Nicholas Craig |
|||||||
| Independent | auditors | MA Partners | Audit LLP | |||||
| Chartered Accountants |
& Statutory | Auditors | ||||||
| 7The Close | ||||||||
| Norwich | ||||||||
| Norfolk | ||||||||
| NR1 4DJ | ||||||||
| Solicitors | Leathes Prior | |||||||
| 74 The Close | ||||||||
| Norwich | ||||||||
| NR1 4DR |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Direct costs | and grants less voluntary | income | (461,494) | (310,318) | ||
| Investment | income less support | and | governance | costs | 424,219 | 344,170 |
| Net movement in funds |
(37,275) | (341,343) |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2022 6 |
2022 F |
2022f | 2021 | |||
| Income from: | |||||||
| Donations and legacies |
26,770 | 73,611 | 100,381 | 177,425 | |||
| Investments | 487,973 | 487,973 | 430,707 | ||||
| Total income | 514,743 | 73,611 | 588,354 | 608,132 | |||
| Expenditure on: |
|||||||
| Charitable activities |
7 | 382,512 | 243,117 | 625,629 | 574,280 | ||
| Total expenditure | 382,512 | 243,117 | 625,629 | 574,280 | |||
| Net income/(expenditure) | before net | ||||||
| gains on investments | 132,231 | (169,506) | (37,275) | 33,852 | |||
| Net gains on investments | 472,805 | ||||||
| Net income/(expenditure) | 132,231 | (169,506) | (37,275) | 506,657 | |||
| Transfers between |
funds | 17 | (205,715) | 205,715 | |||
| Net movement in |
funds before other | ||||||
| recognised gains/(losses) |
(73,484) | 36,209 | (37,275) | 506,657 | |||
| Other recognised | gains/(losses): | ||||||
| Loss on impairment | offixed | assets | (848,000) | ||||
| Net movement in |
funds | (73,484) | 36,209 | (37,275) | (341,343) | ||
| Reconciliation of |
funds: | ||||||
| Total funds brought | forward | 5,439„289 | 304,502 | 5,743,791 | 6,085,134 | ||
| Net movement in funds |
(73,484) | 36,209 | (37,275) | (341,343) | |||
| Total funds carried forward | 5,365,805 | 340,711 | 5,706,516 | 5,743,791 |
| BALANCE SHEET | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| AS AT 31 MARCH 2022 | ||||||
| Fixed assets | Note | 2022 | 2021 6 |
|||
| Tangible assets Investment property |
12 13 |
3,183,889 2,407,805 |
3,192,208 2,407,805 |
|||
| Current assets | 5,591,694 | 5,600,013 | ||||
| Debtors Cash at bank and |
in hand | 14 | 105,723 161,5'I 1 |
106,137 167,472 |
||
| 267,234 | 273,609 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 15 | (152,412) | (129,831) | |||
| Net current assets | 114,822 | 143,778 | ||||
| Total assets less current liabilities | 5,706,516 | 5,743,791 | ||||
| Total net assets | 5,706,516 | 5,743,791 | ||||
| Charity funds | ||||||
| Restricted funds Unrestricted funds |
17 17 |
340,711 5,365,805 |
304,502 5,439,289 |
|||
| Total funds | ||||||
| 5,706,516 | 5,743,791 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Cash flows from operating | activities | ||||||
| Net cash | used in operating |
activities | 20 | 8,260 | 48,458 | ||
| Cash flows from investing | activities | ||||||
| Purchase | oftangible fixed assets |
(14,221) | (15,044) | ||||
| Net cash | used in investing | activities | (14,221) | (15,044) | |||
| Change | in cash and cash | equivalents | in | the year | (5,961) | 33,414 | |
| Cash and | cash equivalents | at the beginning | ofthe year | 167,472 | 134,058 | ||
| Cash and cash equivalents | at the end of | the year | 21 | 161,511 | 167,472 | ||
| The notes on pages 19to 39form part ofthese financial statements |
| Unrestricted | Restricted | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||||
| 2022 | 2022 | 2022 | |||||||
| 6 | |||||||||
| Donations | 9,135 | 9,135 | |||||||
| Grants | 1,433 | 73,611 | 75,044 | ||||||
| Government | funding | - | Coronavirus | Job | Retention | Scheme | 16,202 | 16,202 | |
| 26,770 | 73,611 | 100,381 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| Donations | 5,857 | 5,857 | ||
| Grants | 10,000 | 73,417 | 83,417 | |
| Government | grants | 88,151 | 88,151 | |
| 104,008 | 73,417 | 177,425 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2022f | 2022 F |
|
| Rental income | 274,121 | 274,121 |
| Bank interest | 107 | 107 |
| Fire station rental income | 213,745 | 213,745 |
| 487,973 | 467,973 | |
| Unrestricted | Total | |
| funds | funds | |
| 2021f | 2021 | |
| Rental income | 242,521 | 242,521 |
| Bank interest | 197 | 197 |
| Fire station rental income | 187,989 | 187,989 |
| 430,707 | 430,707 |
| 2022 F |
2021f | ||
|---|---|---|---|
| Foodbank | 14,600 | 11,100 | |
| NR5 Community | Hub | 1,500 | 6,700 |
| Foodhub | 500 | ||
| 16,600 | 17,800 |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | |||
| 2022 | 2022 | 2022 | |||
| F | F | F | |||
| Own project expenditure | 326,631 | 326,631 | |||
| REACH project | 51,475 | 51,475 | |||
| Community | Development | 155,198 | 155,198 | ||
| Get Set | 5,725 | 5,725 | |||
| Youth Hub |
Refurbishment | 2,499 | 2,499 | ||
| Cadge Road Community | Centre | 55,881 | 55,881 | ||
| Youth drop | in | 159 | 159 | ||
| This Girl Can | 310 | 310 | |||
| Girls group | 2,370 | 2,370 | |||
| Sorted | 22,534 | 22,534 | |||
| Other | 2,847 | 2,847 | |||
| 382,512 | 243,117 | 625,629 | |||
| Unrestricted | Restricted | ||||
| funds | funds | Total | |||
| 2021 | 2021f | 2021 F |
|||
| Own project expenditure | 312,250 | 312,250 | |||
| REACH project | 53,254 | 53,254 | |||
| Community | Development | 106,885 | 106,885 | ||
| Cadge Road Community | Centre | 82,764 | 82,764 | ||
| Youth drop | in | 810 | 810 | ||
| Girls group | 786 | 786 | |||
| Covid 19Response | 17,531 | 17,531 | |||
| 395,014 | 179,266 | 574,280 |
| Activities | Grant | Grant | |||||
|---|---|---|---|---|---|---|---|
| undertaken | funding | of | Support | Total | |||
| directly | activities | costs | funds | ||||
| 2022 | 2022 | 2022 | 2022 | ||||
| 6 | F | ||||||
| Own project | expenditure | 298,257 | 16,600 | 11,774 | 326,631 | ||
| REACH project | 51,475 | 51,475 | |||||
| Community | Development | 155,198 | 155,198 | ||||
| Get Set | 5,725 | 5,725 | |||||
| Youth Hub Refurbishment | 2,499 | 2,499 | |||||
| Cadge Road Community | Centre | 3,901 | 51,980 | 55,881 | |||
| Youth drop | in | 159 | 159 | ||||
| This Girl Can | 310 | 310 | |||||
| Girls group | 2,370 | 2,370 | |||||
| Sorted | 22,534 | 22,534 | |||||
| Other | 2,847 | 2,847 | |||||
| 545,275 | 16,600 | 63,754 | 625,629 | ||||
| Activities | Grant | ||||||
| undertaken | funding | of | Support | Total | |||
| directly | activities | costs | funds | ||||
| 2021 | 2021 | 2021 | 2021 | ||||
| 8 | 5 | 6 | 6 | ||||
| Own project expenditure | 286,819 | 17,800 | 7,631 | 312,250 | |||
| REACH project | 53,254 | 53,254 | |||||
| Community | Development | 106,885 | 106,885 | ||||
| Cadge Road Community | Centre | 3,858 | 78,906 | 82,764 | |||
| Youth drop | in | 810 | 810 | ||||
| Girls group | 786 | 786 | |||||
| Covid 19Response | 17,531 | 17,531 | |||||
| 469,943 | 17,800 | 86,537 | 574,280 |
| Regenerat'n | Community | Youth Hub | ||||
|---|---|---|---|---|---|---|
| &Facility | REACH | Developme | Refurbishrr | |||
| Manag'ent | project | nt | Get Set | ent | ||
| 2022 | 2022 | 2022 | 2022 | 2022 | ||
| 6 | ||||||
| Staff costs | 114,798 | 36,335 | 123,582 | |||
| Depreciation | 18,671 | |||||
| Operating | costs | 164,788 | 15,140 | 31,616 | 5,725 | 2,499 |
| 298,257 | 51,475 | 155,198 | 5,725 | 2,499 | ||
| Cadge Road Community |
Youth drop | This Girl | Covid 19 | |||
| Centre | in | Can | Girls group | Response | ||
| 2022 6 |
2022 | 2022 | 2022 | 2022f | ||
| Staff costs | 3,901 | |||||
| Depreciation | ||||||
| Operating | costs | 159 | 310 | 2,370 | ||
| 3,901 | 159 | 310 | 2,370 | |||
| Total | ||||||
| Sorted | Other | funds | ||||
| 2022f | 2022 | 2022f | ||||
| Staff costs | 278,616 | |||||
| Depreciation | 18,671 | |||||
| Operating | costs | 22,534 | 2,847 | 247,988 | ||
| 22,534 | 2,847 | 545,275 |
| Regenerat'n | Youth Hub | |||||
|---|---|---|---|---|---|---|
| 8 Facility | REACH | Community | Refurbishme | |||
| Manag'ent | project | Development | Get Set | nt | ||
| 2021f | 2021 f |
2021 | 2021 f |
2021 f |
||
| Staff costs | 123,395 | 35,949 | 103,680 | |||
| Depreciation | 19,501 | |||||
| Operating | costs | 143,923 | 17,305 | 3,205 | ||
| 286,819 | 53,254 | 106,885 | ||||
| Cadge Road | ||||||
| Community | Covid 19 | |||||
| Centre | Youth drop in | This Girl Can | Girls group | Response | ||
| 2021 | 2021 | 2021f | 2021f | 2021f | ||
| Staff costs | 3,858 | |||||
| Depreciation | ||||||
| Operating | costs | 810 | 786 | 17,531 | ||
| 3,858 | 810 | 786 | 17,531 | |||
| Total | ||||||
| Sorted | Other | funds | ||||
| 2021f | 2021f | 2021 | ||||
| Staff costs | 266,882 | |||||
| Depreciation | 19,501 | |||||
| Operating | costs | 183,560 | ||||
| 469,943 |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022f | 2021f | ||
| Staff costs | 27,620 | 41,427 | |
| General overheads | 24,360 | 37,479 | |
| Governance | costs | 11,774 | 7,531 |
| 63,754 | 86,537 |
| 2022 | 2021f | ||||
|---|---|---|---|---|---|
| Wages and | salaries | 267,347 | 272,595 | ||
| Social security costs | 24,277 | 20,772 | |||
| Contribution | to defined | contdibution | pension schemes | 14,612 | 14,942 |
| 306,236 | 308,309 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Management | ||
| Administration | ||
| Project based |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Management | 2 | 2 |
| Administration | 1 | 1 |
| Project based | ||
| 10 | 10 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| No. | No. | |||||
| In | the | band | f60,001 | - f70,000 | 1 | 1 |
| Freehold property f |
Equipment f |
Motor vehicles f |
Fixtures and fittings f |
Play equipment f |
Total f |
|
|---|---|---|---|---|---|---|
| Cost or valuation | ||||||
| At 1 April 2021 | 8,242,849 | 41,929 | 8,394 | 57,987 | 154,505 | 8,505,664 |
| Additions | 'I0,224 | 146 | 3,851 | 14,221 | ||
| Disposals | (12,897) | (12,897) | ||||
| At 31 March 2022 | 8,242,849 | 52,153 | 8,540 | 6't,838 | 141,608 | 8,506,988 |
| Depreciation | ||||||
| At 1 April 2021 | 5,125,849 | 37,493 | 1,678 | 22,405 | 126,031 | 5,313,456 |
| Charge for the year | 4,393 | 1,708 | 5,638 | 6,932 | 18,671 | |
| On disposals | (9,028) | (9,028) | ||||
| At 31 March 2022 | 5,125,849 | 41,886 | 3,386 | 28,043 | 123,935 | 5,323,099 |
| Net book value | ||||||
| At 31 March 2022 | 3,117,000 | 10,267 | 5,154 | 33,795 | 17,673 | 3,183,889 |
| At 31March 2021 | 3,117,000 | 4,436 | 6,716 | 35,582 | 28,474 | 3,192,208 |
| Freehold | |
|---|---|
| investment | |
| property | |
| Valuation | |
| At 1 April 2021 | 2,407,805 |
| At 31 March 2022 | 2,407,805 |
| 2022f | 2021 | ||
|---|---|---|---|
| Due within one year | |||
| Trade debtors | 93,851 | 91,258 | |
| Other debtors | 160 | 160 | |
| Prepayments | and accrued income | 11,712 | 14,719 |
| 105,723 | 106,137 |
| 2022 | 2021f | |||
|---|---|---|---|---|
| Trade creditors | 9,179 | 574 | ||
| Other taxation | and social security | 20,901 | 21,256 | |
| Other creditors | 54,035 | 44,708 | ||
| Accruals and deferred | income | 68,297 | 63,293 | |
| 152,412 | 129,631 |
| 2022f | 2021f | ||
|---|---|---|---|
| Deferred | income at 1 April 2021 | 47,762 | 45,233 |
| Resources deferred during the year |
55,120 | 47,762 | |
| Amounts | released from previous periods |
(47,762) | (45,233) |
| Deferred | income at 31 March 2022 | 55,120 | 47,762 |
| Balance at 1 | Transfers | Balance at 31 March |
|||||
|---|---|---|---|---|---|---|---|
| April 2021f | Income | Expenditure 6 |
in/out 6 |
2022 6 |
|||
| Unrestricted funds |
|||||||
| General | Funds - all | funds | 5,439,289 | 514,743 | (382,512) | (205,715) | 5,365,805 |
| Restricted funds | |||||||
| Games | Area | 5,396 | 5,396 | ||||
| Capital | Fund | 262,825 | 262,825 | ||||
| Community Development |
9,444 | (155,198) | 145,754 | ||||
| REACH | (51,475) | 51,475 | |||||
| Fitness | Equipment | 8,000 | (8,000) | ||||
| Youth Drop In | 15,840 | (159) | 15,681 | ||||
| Outside | The Box | 4,665 | 4,665 | ||||
| Girls Group | 1,506 | (2,370) | 165 | ||||
| Covid 19Response | 6,270 | 6,270 | |||||
| Get Set | 8,923 | (5,725) | 3,198 | ||||
| Opt In | (381) | 381 | |||||
| This Girl Women's |
Can Wellbeing |
Craft | 1,745 | (310) | 1,435 | ||
| Group | (957) | 957 | |||||
| Youth Hub Refurbishment | 7,800 | (2,499) | (5,301) | ||||
| Household Support |
Fund | 1,250 | (1,250) | ||||
| Sorted | 2,250 | (22,534) | 20,284 | ||||
| Kickstart | 1,500 | (259) | 1,241 | ||||
| NR5 Hub | Worker | 40,000 | 40,000 | ||||
| 304,502 | 73,611 | (243,117) | 205,715 | 340,711 | |||
| Total of | funds | 5,743,791 | 588,354 | (625,629) | 5,706,516 |
| 17. | Statement of | funds (continued) | |||||
|---|---|---|---|---|---|---|---|
| Statement of | funds - prior year | ||||||
| Balance at | |||||||
| Balance at | Transfers | Gainsl | 31March | ||||
| 1 April 2020 8 |
Income 6 |
Expenditure E |
in/outf | (Losses) 6 |
2021 E |
||
| Unrestricted | |||||||
| funds | |||||||
| General Funds |
|||||||
| - all funds | 5,785,306 | 534,715 | (395,014) | (110,523) | (375,195) | 5439,289 | |
| Restricted | |||||||
| funds | |||||||
| Games Area | 5,396 | 5,396 | |||||
| Capital Fund |
262,825 | 262,825 | |||||
| Community | |||||||
| Development | 49,616 | (106,885) | 57,269 | ||||
| REACH | (53,254) | 53,254 | |||||
| Fitness | |||||||
| Equipment | 8,000 | 8,000 | |||||
| Youth Drop In | 16,650 | (810) | 15,840 | ||||
| Outside The | |||||||
| Box | 4,665 | 4,665 | |||||
| Girls Group | 2,292 | (786) | 1,506 | ||||
| Covid 19 | |||||||
| Response | 23,801 | (17,531) | 6,270 | ||||
| 299,828 | 73,417 | (179,266) | 110,523 | 304,502 | |||
| Total offunds | 6,085,134 | 608,132 | (574,280) | (375,195) | 5,743,791 |
| Balance at 1 | Transfers | Balance at 31 March |
||||
|---|---|---|---|---|---|---|
| April 2021 | Income | Expenditure | in/outf | 2022f | ||
| General funds | 5,439,289 | 514,743 | (382,512) | (205,715) | 5,365,805 | |
| Restricted | funds | 304,502 | 73,611 | (243,117) | 205,715 | 340,711 |
| 5,743,791 | 588,354 | (625,629) | 5,706,516 |
| Balance at 1April 2020f |
Income f |
Expenditure f |
Transfers inYoulf |
Gajnsr (Losses)f |
Balance al 31March 2021f |
|
|---|---|---|---|---|---|---|
| General funds | 5,785,306 | 534,715 | (395,014) | (110,523) | (375,195) | 5,439,289 |
| Restricted | ||||||
| funds | 299,828 | 73,417 | (179,266) | 110,523 | 304,502 | |
| 6,085,734 | 608,132 | (574,280) | (375,195) | 5,743,791 |
| Analysis | of net assets between funds - cur |
rent year | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| Tangible | fixed assets | 2,921,064 | 262,825 | 3,183,889 | |
| Investment | property | 2,407,805 | 2,407,805 | ||
| Current | assets | 189,348 | 77,886 | 267,234 | |
| Creditors | due within one year | (152,412) | (152,412) | ||
| Tota I | 5,365,805 | 340,711 | 5,706,516 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021f | 2021f | 2021f | ||
| Tangible fixed assets | 2,919,901 | 272,307 | 3,192,208 | |
| Investment | property | 2,407,805 | 2,407,805 | |
| Current assets | 241,414 | 32,195 | 273,609 | |
| Creditors | due within one year | (129,831) | (129,831) | |
| Total | 5,439,289 | 304,502 | 5,743,791 |
| 20. | Reconciliation of |
net movement | net movement | in funds to | in funds to | net | cash flow | from | operating | activities | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022f | 2021f | ||||||||||
| Net income/expenditure for |
the | year | (as | per | Statement | of | Financial | ||||
| Activities) | (37,275) | 506657 | |||||||||
| Adjustments for: |
|||||||||||
| Depreciation charges |
18,671 | 19,501 | |||||||||
| Loss on the sale of | fixed assets | 3,869 | |||||||||
| Decrease/(increase) | in debtors | 414 | (3,103) | ||||||||
| Increase/(decrease) | in creditors | 22,581 | (1,792) | ||||||||
| Investment property |
revaluation | (472,805) | |||||||||
| Net cash provided | by operating | activities | 8,260 | 48,458 | |||||||
| 21. | Analysis ofcash and cash equivalents | ||||||||||
| 2022 | 2021f | ||||||||||
| Cash in hand | 161,511 | 167,472 | |||||||||
| Total cash and cash equivalents | 161,511 | 167,472 |
| 2022 | 2021f | |||
|---|---|---|---|---|
| Not later than | 1 year | 1,374 | 2,507 | |
| Later than | 1 year and not later than 5years | 1,748 | 3,123 | |
| 3122 | 5,630 |