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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|8|
|Report ofthe Independent
Auditors||9|to|10|
|Statement
of Financial|Acttvltles||||
|Balance Sheet|||12||
|Cash Flow Statement|||13||
|Notes to the Cash Flow Statement|||14||
|Notes to the Flnanclal|Statements|15|to|22|
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|||0~|tF|tF|I hLI ri,d|I hLI ri,d||||
|---|---|---|---|---|---|---|---|---|---|
|||S at|ntof Fin
g graham||n
lal Activities
d.EE~~~dii||**A** t|||
|||EorT)i~egg|Ended||30|2020||||
|||||||||2020|2019|
|||||Unrestricted||Restricted||Total|Total|
|||Notes|||funds
5||funds
6|funds
6|funds
f|
|INCOME AND ENDOWMENTS||FROM||||||||
|Donations
and legacies|||2||372,491|||372,491|263,448|
|Charitable
activities|||4|||||||
|Retail||||1,150,239||||1,150,239|1,482,721|
|Investment
income|||3||6,308|||6,308|6,198|
|Tots I||||1,529,038||||1,529,038|1,752,367|
|EXPENDITURE ON||||||||||
|Raising funds|||5||231,036|||231,036|185,012|
|Charitable
activities||||||||||
|Support costs
Retail||||1,310,456|||6,771|1,317,227|1,471,874|
|Total||||1,541,492|||6,771|1,548,263|1,656,886|
|Net gains/(losses)
on investments|||||(6,889)|||(6,889)|23,000|
|NET INCOME/(EXPENDITURE)|||||(19,343)||(6,771)|(26,114)|118,481|
|RECONCILIATION|OF FUNDS|||||||||
|Total funds brought|forward||||348,162||6,771|354,933|236,452|
|TOTAL FUNDS CARRIED FORWARD|||||328,819|||328,819|354,933|
##
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|||~30 S|0
2020||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|f.|f|8|6|
|FIXEDASSETS|||||||
|Tangible assets||12|15,752||15,752|24,493|
|Investment
properly||13|130,000||130,000|143,000|
||||145,752||145,752|167,493|
|CURRENT ASSETS|||||||
|Stocks||14|G,880||6,880|20,692|
|Debtors||15|128,015||128,015|133,431|
|Cash at bank and|in hand||199,557||199,557|198,683|
||||334,452||334,452|352,806|
|CREDITORS|||||||
|Amounts
falling due within one year||16|(151,385)||(151,385)|(165,366)|
|NET CURRENT ASSETS|||183,067||183,067|187,440|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||328,819||328,819|354,933|
|NET ASSETS|||328,819||328,819|354,933|
|FUNDS||19|||||
|Unrestricted
funds:|||||||
|General
Fund|||||328,819|341,273|
|Revaluation
Reserve||||||6,889|
||||||328,819|348,1G2|
|Restricted funds||||||6,771|
|TOTAL FUNDS|||||328,819|354,933|
##
##
||Notes|2020f|2019
f|
|---|---|---|---|
|Cash flows from operating
activities
Cash generated
from operations
Interest paid|1|20,078
(820)|(58,819)
(2,611)|
|Net cash provided
by/(used
in) operating|activities|19,258|(61,430)|
|Cash flows from investing
activities
Purchase
of tangible
fixed assets
Interest received||(2,508)
308|(5,865)
199|
|Net cash used
in Investing
activities||(2,200)|(5,666 )|
|Cash flows from financing
activities
Loan repayments
in year||(16,184)|(15,939)|
|Net cash used
in financing
activities||(16,184)|(15,939)|
|Change
In cash and cash equivalents
the reporting
period|In|874|(83,035)|
|Cash and cash equivalents
at the
beginning
of the reporting
period||198,683|281,718|
|Cash and cash equivalents
at the end
the reporting
period|of|199,557|198,683|
##
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##
|RECONCILIATION
ACTIVITIES||OF|NET (|EXPENDITURE|)/INCOME
TO NET|CASH FLOW FR|OM OPERATING||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||||||||6|6|
|Net (expenditure)/income
for the reporting
Statement
of Financial
Activities)|||||period (as psr the||(26,114)|118,481|
|AdJustments
for:
Depreciation
charges
Interest received
interest
paid
Change
in market value
Decrease/(increase)
in
Decrease/(increase)
in
Increase/(decrease)
in|||of investments
stocks
debtors
creditors||||11,249
(308)
820
13,000
13,812
5,416
2,203|21,197
(199)
2,611
(23,000)
(3,317)
(6,386)
(168,206)|
|Net cash provided||by/(used||in) operations|||20,078|(58,819)|
|ANALYSIS OF CHANGES
IN||||NET FUNDS|||||
|||||||At 1.10.19|Cash flow|At 30.9.20|
|||||||6|6||
|Net cash
Cash at bank and|in|hand||||198,683|874|199,557|
|||||||198,683|874|199,557|
|Debt|||||||||
|Debts falling due within|||1 year|||(16,184)|16,184||
|||||||(16,184)|16,184||
|Total||||||182,499|17,058|199,557|
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|DONATIONS|AND LEGACIES|AND LEGACIES|AND LEGACIES||2020|2019|
|---|---|---|---|---|---|---|
||||||6|6|
|Donations
Grants
Covid support||grants|||75,590
34,000
262,901|243,448
20,000|
||||||372,491|263,448|
|INVESTMENT||INCOME|||2020|2019|
||||||0|6|
|Income from UK investment
Bank interest
receivable|||properties||6,000
308|5,999
199|
||||||6,308|6,198|
|INCOME FROM CHARITABLE||||ACTIVITIES|2020|2019|
|Sale ofgoods||and services||Activity
Retail|6
1,150,239|f
1,482,721|
|RAISING FUNDS|||||||
|Other trading||activities|||2020|2019|
||||||8||
|Opening
stock
Purchases
Closing stock
Direct costs|||||20,692
201,864
(6,880)
15,360|17,375
171,117
(20,692)
17,212|
||||||231,036|185,012|
##
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##
|CHARITABLE A|CTIVIT|IES COSTS||||
|---|---|---|---|---|---|
||||||Support|
||||||costs (see|
||||||note 7)|
||||||6|
|Retail|||||1,317,227|
|SUPPORT COSTS||||||
|||||Governance||
||||Management
6|costs
6|Totals
f|
|Retail|||1,278,191|39,036|1,317,227|
|Support costs, included||In the above, are as follows:||||
|Management||||2020|2019|
||||||Total|
|||||Retail|activities|
|||||6|6|
|Wages and salaries
Social security
Pensions||||855,099
47,723
24,334|943,668
56,408
24,370|
|Rent||||158,939|146,176|
|Rates and water||||9,770|18,976|
|Insurance||||9,146|34,700|
|Light and heat
Telephone
Printing,
postage
and stationery
Advertising
Repairs and maintenance
Motor vehicle expenses
Hire of equipment
Travelling
expenses
Staff training
and welfare
Work wear||||25,140
14,901
2,138
145
12,931
46,369
11,149
14,696
5,255
4,241|31,624
19,339
3,328
912
9,402
51,445
18,209
15,687
14,758
2,096|
|Bank charges
Subscriptions||||9,541
5,474|12,147
5,433|
|Bad debts (recovared)
Generalexpensas
Depreciation
Impairment
to inveslment||property||3,840
11,249
6,111|(74)
6,493
21,197|
|||||1,278,191|1,436,294|
|Governance costs||||||
|||||2020|2019|
||||||Total|
|||||Retail|activities|
|||||6|6|
|Auditors'
remuneration||||4,450|4,450|
|Accountancy
and
Loan interest|legal fees|||33,766
820|28,519
2,611|
|||||39,036|35,580|
##
##
|Net income/(exp|enditure)
is staled after charging/(crediting):|||
|---|---|---|---|
|||2020f|2019
f|
|Auditors'
remuneration||4,450|4,450|
|Depreciation
-
Other operating|owned assets
leases|11,249
158,939|21,197
146,176|
##
##
##
|There were no truste
2019.|There were no truste
2019.|es'
e|xpenses
paid for|Ihe yea|r ended
30 Seplember
2020|nor the year ended|30 Septemb|
|---|---|---|---|---|---|---|---|
|STAFF COSTS||||||||
|||||||2020|2019|
|||||||f|f|
|Wages and salaries
Social security costs
Other pension costs||||||855099
47,723
24,334|943,668
56,408
24,370|
|||||||927,156|1,024,446|
|The average
monthly||number of employees||during|the year was as follows'i|||
|||||||2020|2019|
|Chief executive||||||1|1|
|Managers
Sales and delivery||||||9
11|6
13|
|Administration
Production
and
Technicians|and support
appliance||operatives|||5
29
3|4
30
4|
|||||||58|58|
##
|Total remuneration|Total remuneration|paid to key management
personnel
was|paid to key management
personnel
was|f151,363(2019:6172,0|39).|||
|---|---|---|---|---|---|---|---|
|COMPARATIVES||FOR THE STATEMENT OF FINANCIAL||ACTIVITIES||||
|||||Unrestricted|Restricted||Total|
|||||funds
f|funds
f||fundsf|
|INCOME|AND ENDOWMENTS||FROM|||||
|Donations|and legacies|||253,448|10,000||263,448|
|Charitable|activities|||||||
|Retail||||1,482,721||1|482 721|
|Investment|Income|||6,198|||6,198|
|Total||||1,742,367|10,000|1,752,367||
|EXPENDITURE ON||||||||
|Raising funds||||148,792|36,220||185,012|
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|0
t0 0
F
IDLI
Itd
Notes to the Financial
Statements
-co tinued
~FT
2
0 dodd 0 t~b20|0
t0 0
F
IDLI
Itd
Notes to the Financial
Statements
-co tinued
~FT
2
0 dodd 0 t~b20|0
t0 0
F
IDLI
Itd
Notes to the Financial
Statements
-co tinued
~FT
2
0 dodd 0 t~b20|0
t0 0
F
IDLI
Itd
Notes to the Financial
Statements
-co tinued
~FT
2
0 dodd 0 t~b20|||
|---|---|---|---|---|---|
|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued||||||
||||Unrestricted|Restricted|Total|
||||funds|funds
f|fundsf|
|Charitable
activities||||||
|Supporl costs|||1,471,645|229|1,471,874|
|Tote I|||1,620,437|36,449|1,656,886|
|Nst gains on investments|||23,000||23,000|
|NET INCOME((EXPENDITURE)|||144,930|(26,449 )|118,481|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought
forward|||203,232|33,220|236,452|
|TOTAL FUNDS CARRIED FORWARD|||348,162|6,771|354,933|
|TANGIBLE FIXEDASSETS||||||
||||Fixtures,|||
||||fittings|||
||Plant|and|and|Motor||
||machinery
f||equipment
f|vehicles
f|Totals
f|
|COST||||||
|At 1 October 2019|43,950||103,895|143,228|291,073|
|Additions||646|1,862||2,508|
|Al 30September 2020|44,596||105,757|143,228|293,581|
|DEPRECIATION||||||
|At 1 October 2019|42,267||98,392|125,921|266,580|
|Charge
for year||641|3,679|6,929|11,249|
|At 30 September 2020|42,|908|102,071|132,850|277,829|
|NET BOOK VALUE||||||
|Al 30 September 2020|1,688||3,686|10,378|15,752|
|At 30September 2019|1,683||5,503|17,307|24,493|
|INVESTMENT PROPERTY||||||
||||||F|
|FAIR VALUE||||||
|At 1 October 2019|||||143,000|
|Revaluation|||||(13,000)|
|At 30 September 2020|||||130,000|
|NET BOOK VALUE||||||
|Al 30 September 2020|||||130,000|
|Al 30 September 2019|||||143,000|
##
||||||2
~Th
Y
E|d|22|D p~t
2tl2D||
|---|---|---|---|---|---|---|---|---|---|
|14.|STOCKS|||||||||
|||||||||2020|2019|
|||||||||9|9|
||Stocks|||||||6,880|20,692|
|15.|DEBTORS:AMOUNTS|||FALLING DUE WITHIN||ONE YEAR||||
|||||||||2020|2019|
|||||||||8|9|
||Trade debtors|||||||80,246|75,271|
||Other debtors|||||||1,636|4,027|
||Prepayments|and accrued|||income|||46,133|54,133|
|||||||||128,015|133,431|
|16.|CREDITORS:|AMOUNTS|||FALLING DUE WITHIN||ONE YEAR|||
|||||||||2020|2019|
|||||||||9|6|
||Other loans (see note
Trade creditors||17)|||||65,764|16,184
47,614|
||Other taxes and social
Accruals
and deferred||security
income|||||19,652
65,969|14,023
87,545|
|||||||||151,385|165,366|
|17.|LOANS|||||||||
||An analysis
of|the maturity|||of loans is given below:|||||
|||||||||2020|2019|
|||||||||6|f|
||Amounts
falling due within
Key Fund loan||||one year on demand:||||16,184|
||The loan was|fully repaid|||in Ihe year at an interest||rale of|6.5%,||
|18.|LEASING AGREEMENTS|||||||||
||Minimum
lease payments||||under non-cancellable|operating||leases fall due as follows:||
|||||||||2020|2019|
|||||||||5|9|
||Within one year
Between one and five||years|||||64,280
6,143|66,417
46,783|
|||||||||70,423|113,200|
##
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##
##
||||||||Net||
|---|---|---|---|---|---|---|---|---|
|||||||At|movemenl|At|
|||||||1.10.19|in funds|30.9.20|
|||||||f|f||
|Unrestricted
funds|||||||||
|General
Fund||||||341,273|(12,454)|328,819|
|Revaluation
Reserve||||||6,889|(6,889)||
|||||||348,162|(19,343)|328,819|
|Restricted funds|||||||||
|National
Lottery|Awards||for All|||6,771|(6,771)||
|TOTAL FUNDS||||||354,933|(26,114)|328,819|
|Net movement|in|funds,|Included||in the above are as follows.||||
||||||Incoming|Resources|Gains and|Movement|
||||||resources
f|expended
f|losses
6|in funds
f|
|Unrestricted
funds|||||||||
|General
Fund|||||1,529,038|(1,541,492)||(12,454 )|
|Revaluation
Reserve|||||||(6,889)|(6,889)|
||||||1,529,038|(1,541,492 )|(6,889)|(19,343)|
|Restricted
funds|||||||||
|National
Lottery|Awards||for AII|||(6,771)||(6,771)|
|TOTAL FUNDS|||||1,529,038|(1,548,263)|(6,889)|(26,114)|
|Comparativss|for movement|||In|funds||||
||||||||Net||
|||||||Al|movement|At|
|||||||1.10.18|in funds|30.9.19|
||||||||6|f|
|Unrestricted
funds|||||||||
|General
Fund||||||219,343|121,930|341,273|
|Revaluation
Reserve||||||(16,111)|23,000|6,889|
|||||||203,232|144,930|348,162|
|Restricted funds|||||||||
|Coalfield Regeneration|||Trust|||7,227|(7,227)||
|Shaw Trust||||||7,042|(7,042)||
|Coalfield Regeneration|||Trust|||125|(125)||
|Waste Recycling||Action|Programme|||13,542|(13,542)||
|Lloyds Bank Foundation||||||5,284|(5,284)||
|National
Lottery|Awards||for All||||6,771|6,771|
|||||||33,220|(26,449)|6,771|
|TOTAL FUNDS||||||236,452|118,481|354,933|
##
##
|MOVEMENT
IN FUNDS
~ co|MOVEMENT
IN FUNDS
~ co|ntinued||||||
|---|---|---|---|---|---|---|---|
|Comparative
nel movement||in funds,|included|in the above are as follows:||||
|||||Incoming|Resources|Gains and|Movement|
|||||resources
f|expended
f|losses
f|in funds
f|
|Unrestricted
funds
General
Fund
Revaluation
Reserve||||1,742,367|(1,620,437)|23,000|121,930
23,000|
|||||1,742,367|(1,620,437)|23,000|144,930|
|Restricted funds
Coalfield Regeneration
Shaw Trust
Coalfield
Regeneration
Waste Recycling
Action
Lloyds Bank Foundation
National
Lottery Awards|Trust
Trust
Programme
for All|||10,000|(7,227)
(7,042)
(125)
(13,542)
(5,284)
(3,229)||(7,227)
(7,042)
(125)
(13,542)
(5,284)
6,771|
|||||10,000|(36,449)||(26,449)|
|TOTAL FUNDS||||1,752,367|(1,656,886)|23,000|118,481|
##
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