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|Trustees||I Moore||||||
|---|---|---|---|---|---|---|---|
|||G Scott CEO||||||
|||G Emerson||||(Appointed|7 May 2020)|
|||M Hurst||||(Appointed|7 May 2020)|
|||R Nlilkinson||||||
|||LWorrall||||||
|||N Pendleton||||(Appointed|25 February|
|||||||2021)||
|Charity number||1118922||||||
|Company|number|06082488||||||
|Principal address||Innovation|Centre Highfield||Drive|||
|||Churchfields|Industrial|Estate||||
|||St Leonards on Sea||||||
|||East Sussex||||||
|||TN38 9UH||||||
|Registered|office|Innovation|Centre Highfield||Drive|||
|||Churchfields|Industrial|Estate||||
|||StLeonards on Sea||||||
|||East Sussex||||||
|||TN38 9UH||||||
|Auditor||Knill James|LLP|||||
|||One Bell Lane||||||
|||Lewes||||||
|||East Sussex||||||
|||BN7 1JU||||||
|Bankers||Lloyds Bank PLC||||||
|||24 Broad Street||||||
|||Reading||||||
|||RG1 2BT||||||
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|||Page|
|---|---|---|
|Chairman's
statement|||
|Trustees'
report||2-10|
|Statement ofTrustees' responsibilities|||
|Independent
auditor's|report|12 - 14|
|Statement offinancial|activities|15-16|
|Balance sheet||17|
|Statement ofcash flows||18|
|Notes to the financial statements||19-31|
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|Current financial year|||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|||
|||general|designated||||
|||2021|2021||2021|2020|
|||||||as restated|
||Notes||||||
|Donations
and legacies||||5,000|5,000||
|Charitable
activities||3,737,107|||3,737,107|3,598,431|
|Investments||1,005|22||1,027|6,665|
|Other income||45,600|||45,600||
|Total income||3,783,712|22|5,000|3,788,734|3,605,096|
|Charitable
activities|7|3,662,395|8,000||3,670,395|3,682,324|
|Net incomingI(outgoing)
before transfers|resources|121,31?|(7,978)|5,000|118,339|(77,228)|
|Gross transfers
between|funds|17,117|(17,117)||||
|Net incomeI(expenditure)|forthe yearl||||||
|Net movement
in funds||138,434|(25,095)|5,000|118,339|(77,228)|
|Fund balances at 1 April|2020|1,280,623|287,824||1,568,447|1,645,675|
|Fund balances at 31 INarch 2021||1,419,05?|262,729|5,000|1,686,786|1,568,447|
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|Prior financial|year|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted||Total|
|||||funds||funds||
|||||general||designated||
|||||2020||2020|2020|
||||||||as restated|
||||Notes|||||
|Charitable
activities||||3,598,431|||3,598,431|
|Investments||||6,665|||6,665|
|Total income||||3,605,096|||3,605,096|
|Charitable
activities||||3,682,324|||3,682,324|
|Net incomingl(outgoing)||resources before transfers||(77,228)|||(77,228)|
|Gross transfers|between|funds||(60,000)||60,000||
|Net income/(expenditure)||forthe yearl||||||
|Net movement|in funds|||(137,228)||60,000|(77,228)|
|Fund balances|at 1 April|2019||1,417,851||227,824|1,645,675|
|Fund balances|at31 iiitarch 2020|||1,280,623||287,824|1,568,447|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
|||||||as restated||
||||Notes|||||
|Fixed assets||||||||
|Tangible assets|||||23,097||30,946|
|Current assets||||||||
|Debtors|||12|351,910||337,418||
|Cash at bank|and in|hand||1,577,639||1,389,337||
|||||1,929,549||1,726,755||
|Creditors: amounts||falling due within||||||
|one year|||13|(265,860)||(189,254)||
|Net current assets|||||1,663,689||1,537,501|
|Total assets|less current liabilities||||1,686,786||1,568,447|
|Income funds||||||||
|Restricted funds|||15||5,000|||
|Unrestricted|funds -|designated|||262,729||287,824|
|Unrestricted|funds -|general|||1,419,057||1,280,623|
||||||1,686,786||1,568,447|
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
||||Notes||||||
|Cash flows from operating||activities|||||||
|Cash generated
from/(absorbed
by)
operations|||20|||187,275||(34,848)|
|Investing|activities||||||||
|Purchase|oftangible fixed assets||||||(8,0003||
|Investment|income received|||1,027|||6,665||
|Net cash
investing|generated
from/{used
in}
activities|||||1,027||(1,335)|
|Net cash|used in flnancing|activities|||||||
|Net increase/(decrease)
in
equivalents||cash and cash||||188,302||(36,183)|
|Cash and|cash equivalents|at beginning|ofyear|||1,389,337||1,425,520|
|Cash and|cash equivalents|at end of|year|||1,577,639||1,389,33?|
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|4|Charitable|activities|
|---|---|---|
||Charitable|rental income|
|5|Investments||
|Rental|Rental|
|---|---|
|activities|activities|
|2021f|2020|
|3,737,107|3,598,431|
|5|Investments|||||
|---|---|---|---|---|---|
|||Unrestricted|Unrestricted|Total|Unrestricted|
|||funds|funds||funds|
|||general|designated||general|
|||2021|2021||2020|
|||f|||E|
||Interest receivable|1,005|22|1,027|6,665|
|6|Other income|||||
|||||Unrestricted|Total|
|||||funds||
|||||general||
|||||2021|2020|
||Rental ofpremises|||30,000||
||Recharged services|||15,600||
|||||45,600||
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|Charitable
a|ctivities||||
|---|---|---|---|---|
||||Rental|Rental|
||||Activities|Activities|
||||2021|2020|
||||F||
|Staffcosts|||464,013|414,512|
|Depreciation
and impairment
Chantable
expenditure|||7,84S
3,068,636|7,948
3,132,803|
||||3,540,498|3,555,263|
|Share ofsupport costs (see note 8}
Share ofgovernance
costs (see note 8)|||107,486
22,411|98,68S
28,372|
||||3,670,395|3,682,324|
|Analysis
by
Unrestricted|fund
funds - general||3,662,395|3,682,324|
|Unrestricted|funds - designated||8,000||
||||3,670,395|3,682,324|
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|8|Support costs|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2021|Support|Governance|2020|
|||costs|costs||costs|costs||
||Staff costs|81,885||81,885|73,290||73,290|
||Motor &travel|3,642||3,642|1,723||1,723|
||General oflice costs|1,893||1,893|6,587||6,587|
||Printing, postage and
stationery|3,264||3,264|3,128||3,128|
||ITcosts|9,642||9,642|8,891||8,891|
||Communications|1,228||1,228|1,976||1,976|
||Insurance|3,966||3,966|470||470|
||General expenses|1,319||1,319|2,463||2,463|
||Bank charges|647||647|161||161|
||Audit fees||6,240|6,240||3,780|3,780|
||Accountancy
Legal and professional||1,268
14,903|1,268
14,903||1,680
22,912|1,680
22,912|
|||107,486|22,411|129,897|98,689|28,372|127,061|
||Analysed
between
Charitable
activities|107,486|22,411|129,897|98,689|28,372|127,061|
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|The a|verag|e
monthly
number ofemployees
during th|e year was;||
|---|---|---|---|---|
||||2021|2020|
||||Number|Number|
|Office|and|administration|12||
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|10|Employees|||||||(Continued)|
|---|---|---|---|---|---|---|---|---|
||Employment
costs||||||2021|2020|
||||||||E||
||Wages and salaries
Social security costs||||||4?7,074
48,032|428,490
39,978|
||Other pension costs||||||20,792|19,334|
||||||||545,898|487,802|
||The number
of employees||whose|annual|remuneration|was f60,000 or|||
||more were:||||||||
||||||||2021|2020|
||||||||Number|Number|
||f60,001to 870,000
F70,001tof80,000||||||1
1|1|
||f100,001to 6110,000||||||||
||6110,001tof120,000||||||||
|11|Tangible fixed assets||||||||
|||||||||Motor vehicles|
||Cost||||||||
||At 1 April 202D|||||||105,633|
||At 31 March 2021|||||||105,633|
||Depreciation
and impairment
At 1Apn1 2020
Depreciation
charged
in the year|||||||74,68?
7,849|
||At 31 March 2021|||||||82,536|
||Carrying
amount
At 31 March 2021|||||||23,097|
||At 31 March 2020|||||||30,946|
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|12|Debtors|||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||as restated|
||Amounts
falling due||within one year:|||
||Trade debtors|||230,645|247,847|
||Prepayments|and accrued income||121,265|89,571|
|||||351,910|337,418|
|13|Creditors: amounts||falling due within one year|||
|||||2021|2020|
||||||as restated|
||Other taxation|and social security||13,220|12,054|
||Trade creditors|||19,297|25,144|
||Other creditors|||3,834|3,834|
||Accruals and|deferred|income|229,509|148,222|
|||||265,860|189,254|
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|donatio|ns
and g|rants
held on tru|st for specific|purposes|:||||
|---|---|---|---|---|---|---|---|---|
||||||ilovement||Ilovement||
||||||in funds||in funds||
|||||Balance at|Incoming|Balance at|Incoming|Bahnce at|
||||1|April 2019|resources|1April 2020|resources 91 laarch 2021||
|||||E|||F||
|Digital|Inclusion|fund|||||5,000|5,000|
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|
unrestricted
funds by the|trustees for speci|fic purposes:||||||
|---|---|---|---|---|---|---|---|
||Movement||Movement||in funds|||
||in funds|||||||
||Incoming
lese Ufees|Balance at
1April 2020|Incoming
resoUrces|Resources
expended||Transfers
31|Balance at
March 2021|
|||E|E||K|f.||
|Grant Giving||60,000|22||(8,000)||52,022|
|End ofLease Liability
Fund||227,824||||(17,117)|210,707|
|||287,824|22||(8,000)|(17,117)|262,729|
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|20|Cash generated
from operations||||2021|2020|
|---|---|---|---|---|---|---|
||Surplus/(deficit)
for the year||||118,339|(77,228)|
||Adjustments
for:||||||
||Investment
income recognised
in statement||offinancial|activities|(1,027)|(6,665}|
||Depreciation
and impairment
oftangible fixed assets||||7,849|7,948|
||Movements
in working
capital:||||||
||(Increase} in debtors
Increase
in creditors||||(14,492)
76,606|{53,393)
92,432|
||{Decrease) in provisions|||||2,058|
||Cash generated
from/(absorbed|by) operations|||187,275|(34,848)|
|21|Analysis ofchanges
in net funds||||||
||The charitable
company
had no debt during||the year.||||
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|||At|31 Nlarch 2020|||
|---|---|---|---|---|---|
|||As previously|Adjustment|As|restated|
|||reported||||
|Current assets||||||
|Debtors due within one year||344,462|(7,044)||337,418|
|Creditors due|within one year|||||
|Other creditors||(89,980)|(87,220)|(177,200)||
|Provisions for|liabilities|||||
|Other provisions||(227,824)|227,824|||
|Net assets||1,434,887|133,560|1,568,447||
|income funds||||||
|designated|||287,824||287,824|
|General unrestricted
funds||1,434,887|{154,264)|1,280,623||
|||1,434,887|133,560|1,568,447||
|Changes to the profit and loss account||||||
|||Period ended 31Ilarch||2020||
|||As previously|Adjustment|As|restated|
|||reported|f||E|
|Income from:||||||
|Charitable
activities||3,581,255|17,176|3,598,431||
|Expenditure
on:||||||
|Charitable
activities||3,570,884|111,440|3,682,324||
|Net movement|in funds|17,036|{94,264)||(77,228)|