##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Note|Unrestricted|Restricted||2021|2020|
||||||2|2||f|2|
|INCOME AND ENDOWMENTS|||FROM|||||||
|Income from charitable|activities:|||||||||
|Grants receivable||||3a||438710||438710|461 916|
|Income from trading
activities:||||||||||
|Rent and room hire|||||330,489|||330,489|422,440|
|Other property
income|||||51,734|||51,734|104,540|
|Service charges
Sundry
income|||||31,278
6 140|||31,278
~6140|46,007
42|
||||||419641|||419641|573029|
|Other income —Government||Covid support||4|~47602|||47 602||
|TOTAL INCOME|||||~467243|4~38710||905953|1 034945|
|EXPENDITURE ON||||||||||
|Raising funds||||5a|1,373|||1,373|3,642|
|Charitable
activities||||Sc|610366|432 588|1|042954|~1030416|
|TOTAL EXPENDITURE|||||~611 739|432 588|1|044327|~1034058|
|NET INCOM
EXPENDITURE|||||(144,496)|6,122|(138,374)||887|
|Net losses on investment|properties||||||||8555|
|NET INCOM
EXPENDITURE|||BEFORE TRANSFERS||(144,496)|6,122||(138,374)|(7,668)|
|Transfers
between
funds|||||60 156|60156||||
|NET MOVEMENT
IN FUNDS|||||(84,340)|(54.034)|(138,374)||(7,668)|
|Fund balances
brought|forward||||1 622 924|80886|1 703810||1 711478|
##
##
##
||FOR THE YEAR E|NDED 3|1STIIIARCH 202|1||
|---|---|---|---|---|---|
|PRIOR YEAR ONLY:|||||Total|
|||Note|Unrestricted|Restricted|2020|
||||2|9|2|
|INCOME AND ENDOWMENTS|FROM|||||
|Income from charitable
activities:||||||
|Grants receivable||3b||461,916|461,916|
|Income from trading
activities:||||||
|Rent and room hire|||422,440||422,440|
|Other property
income
Service charges|||104,540
46,007||104,540
46,007|
|Sundry income|||42||42|
|TOTAL INCOME|||~573029|461 916|1 034 945|
|EXPENDITURE ON||||||
|Raising funds
Charitable
activities||5b
5d|3,642
696051|3~34365|3,642
1030416|
|TOTAL EXPENDITURE|||699 693|334365|~1034058|
|NET INCOME/
EXPENDITURE|||(126,664)|127,551|887|
|Net losses on investment
properties|||8555||8555|
|NET INCOMEI EXPENDITURE|BEFORETRANSFERS||(135,219)|127,551|(7,668)|
|Transfem
between
funds|||~46665|46665||
|NET MOVEMENT
IN FUNDS|||(88,554)|80,886|(7,668)|
|Fund balances
broughtforward|||1 711478||1 711478|
|FUND BALANCES CARRIED FORWARD||||||
##
||||||||Note||2021|||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||||||||
|Tangible fixed|assets||||||6a|||59,768||68,864|
|Investments|||||||9||1|532502||1 532502|
||||||||||1,592,270|||1,601,366|
|CURRENT ASSETS|||||||||||||
|Investments|||||||9||||375,000||
|Debtors|||||||10|66,340|||59,173||
|Cash at bank and in||hand||||||136195|||133819||
|||||||||202,535|||567,992||
|LIABILITIES:|Amounts||falling due||within one|year|11|~107256|||338188||
|NET CURRENT ASSETS||||I LIABILITIES||||||95279||229 804|
|TOTAL ASSETSLESS|||CURRENT||LIABILITIES||||1,687,549|||1,831,170|
|~LIAAILITIA:|A|t|I|llt g d|tt«|tg|12||122113|||~127360|
|one year|||||||||||||
|NET ASSETS|||||||||1|565 436||~1703810|
|FUNDS|||||||||||||
|Unrestricted|||||||||||||
|General funds|||||||14||1,538,584|||1,622,924|
|Restricted|||||||13|||26852||80886|
|Total funds|||||||||||||
##
##
|||Note||2021|||2020|
|---|---|---|---|---|---|---|---|
|FIXEDASSETS||||||||
|Tangible fixed assets||6b|||37,983||29,502|
|Investments||9||1|532602||1 532602|
|||||1,570,585|||1,562,104|
|CURRENT ASSETS||||||||
|Investments||9||||375,000||
|Debtors||10|62,486|||60,892||
|Cash at bank and in hand|||~64569|||58750||
||||127,055|||494,642||
|LIABILITIES: Amounts|falling due within one year|11|~16492|||231 976||
|NET CURRENT ASSETSI LIABILITIES|||||110563||262666|
|TOTAL ASSETSLESS|CURRENT LIABILITIES|||1,681,148|||1,824,770|
|LIABILITIES: Amounts|falling due after more than|||||||
|one year||12|||122 113||127360|
|NET ASSETS||||||||
|FUNDS||||||||
|Unrestricted||||||||
|General funds||14||1,532,183|||1,616,524|
|Restricted||13||~26852|||80886|
|Total funds||||||||
##
##
##
|CONSOLID|ATED|CASH|FLO|W STATEM|ENT FOR THE YEAR|ENDED 31STIIIIARCH 20|21|
|---|---|---|---|---|---|---|---|
||||||Note|2021|2020|
|||||||2|2|
|Cashflowe from operating||activities||||||
|Cash generated
from/(absorbed
Interest paid|||by) operations||20|(345,309)
~6335|8,864
~6280|
|Net cash (outflow)/|inflow|from|operating|||351 644|2 584|
|activities||||||||
|Investing
activities||||||||
|Purchase
of tangible|fixed assets|||||(15,733)|(42,290)|
|Sale proceeds||||||375000|107500|
|Net cash received/(used)||in investing||||359267|~65210|
|activities||||||||
|Financing
activities||||||||
|Repayment
ofbank|loans|||||5247|10055|
|Net cash received/|(used)|in financing||||5247|10055|
|activities||||||||
|Net decrease
in cash and||cash|equivalents|||2,376|57,739|
|Cash and cash equivalents||at beginning||ofthe||~133819|76080|
|year||||||||
|Cash and cash equivalents||at end of||year||||
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2021|2020|
|||||2|2|f|
|Notgngham|City Council: Area 2 Grant|||168,016|168,016|168,016|
|Nottingham
City Council: Area 4 Grant
Nottingham
City Council: Area 5Grant
Nottingham
City Council: Welcome to Education
Nottingham
City Council: Workplace Travel Grant
Breaking Barriers Building Bridges||Grant||137,570
120,656
12468|137,570
120,656
~12468|137,570
120,656
11,320
12,994
11360|
##
|GRANTS|RECEIVABLE|Prior
ear|||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|2020|
|||||2|2|2|
|Nottingham|City Council:|Area 2 Grant|||168,016|168,016|
|Nottingham
City Council:
Nottingham
City Council:
Nottingham
City Council:
Nottingham
City Council:
Breaking Barriers Building||Area 4 Grant
Area 5 Grant
Welcome to Education
Workplace Travel Grant
Bridges|Grant||137,570
120,656
11,320
12,994
11360|137,570
120,656
11,320
12,994
11360|
##
|OTHER|INCOIIE|—COVID|SUPPORT|Total|Total|
|---|---|---|---|---|---|
|(unrestdcted)||||2021|2020|
|||||2|2|
|Furlough|income|||37,602||
|Business|Support|grant||10000||
##
##
|5a.|RAISING FUNDS|RAISING FUNDS|RAISING FUNDS||||Unrestricted|Unrestricted|Restricted|Total||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||funds||funds|2021||
|||||||||2||2||
||Advertising
and||promotion||||1|373||1 373||
|||||||||||1373||
|5b.|RAISING FUNDS|||Prior||ear||Unrestricted||Restricted||
||||||||||funds|funds||
||||||||||f|||
||Advertising
and||promotion||||||3642|||
|5c.|CHARITABLE|ACTIVITIES|||||Unrestric||Restricted|Total|Total|
||||||||ted||funds|2021|2020|
||||||||funds||2|2|2|
||||||||f|||||
||Staff costs||||||233,151||46,825|279,976|277,569|
||Repairs and maintenance||||||39,989|||39,989|82,168|
||Premises security||||||1,941|||1,941|6,498|
||Heat, light, water||and telephone||||49,205|||49,205|58,442|
||Insurance||||||12,147|||12,147|12,289|
||Motor and travel||||||511|||511|504|
||Printing,
postage||and stationery||||3,764|||3,454|12,427|
||Service charges||||||30,639|||30,639|40,138|
||Legal and professional||||fees||10,060|||10,060|11,314|
||Audit fees||||||7,140|||7,140|6,730|
||Equipment
leasing||||||4,978|||4,978|9,386|
||Rent and rates||||||77,953|||77,953|84,269|
||Sundry expenses||||||831|||831|2,046|
||Bad debts||||||10,623|||10,623|19,512|
||Bank charges||||||1,039|||1,039|1,241|
||Grant payments||(Note 5i)||||20,000||385,763|405,763|304,471|
||Loan interest||||||6,335|||6,335|6,280|
||Other interest||||||||||4,500|
||Governance
(Note 5e)||||||48,532|||48,532|42,109|
||Depreciation||||||24,829|||24,829|25,804|
||Unrecoverable
Loss on sale of|VAT
property|||||5,922
~20777|||5,922
~2777|19,569
3150|
##
|Sd.|CHARITABLE|CHARITABLE|ACTIVITIES|ACTIVITIES|ACTIVITIES|Prior|Prior|ear|Unrestricted|Restricted|Total|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||funds|funds|2020|||
||||||||||2|2|2|||
||Staff costs||||||||234,947|42,622|277,569|||
||Repairs and|maintenance|||||||82,168||82,168|||
||Premises
security||||||||6,498||6,498|||
||Heat, light, water|||and|telephone||||58,442||58,442|||
||Insurance||||||||12,289||12,289|||
||Motor and travel||||||||504||504|||
||Printing,
postage|||and|stationery||||12,427||12,427|||
||Service charges||||||||40,138||40,138|||
||Legal and professional||||fees||||11,314||11,314|||
||Audit fees||||||||6,730||6,730|||
||Equipment
leasing||||||||9,386||9,386|||
||Rent and rates||||||||84,269||84,269|||
||Sundry expenses||||||||1,184|862|2,046|||
||Bad debts||||||||19,512||19,512|||
||BanR charges||||||||1,241||1,241|||
||Grant payments|||(Note Si)|||||13,590|290,881|304,471|||
||Loan interest||||||||6,280||6,280|||
||||||||||4,500||4,500|||
||Governance|(Note 5f)|||||||42,109||42, 'I09|||
||Depreciation||||||||25,804||25,804|||
||Unrecoverable
Loss on sale|of|VAT
property||||||19,569
~3150||19,569
~3150|||
||||||||||69(b05 1|||||
|5e.|GOVERNANCE||||T||||Unrestricted|Restricted|Total|Total||
||||||||||funds|funds|2021|2020||
||||||||||2|f|2||2|
||Staff costs||||||||46,107||46,107|38,106||
||Audit fees||||||||2,425||2,425|2,738||
||Board costs|||||||||||1|265|
|||||||||||||~42||
|5f.|GOVERNANCE||COSTS Prior||||ear||Unrestricted|Restricted|Total|||
||||||||||funds|funds|2020|||
||||||||||2|2|2|||
||Staff costs||||||||38,106||38,106|||
||Audit fees||||||||2,738||2,738|||
||Board costs||||||||1 265||1 265|||
##
##
||||o o
e
lI Il
lIIa-
Il|o o
e
lI Il
lIIa-
Il|Dc
ls
lsoe0|iJ|l|Ilo
C
IIl
o||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||o.|||||2021|2020|
|Costs directly|allocated to|||||||||||
|activities||||||||||||
|Staff costs|||Direct|||96,757|183,219||46,107|326,083|315,675|
|Advertising|||Direct|||1,373||||1,373|3,642|
|Premises costs|||Direct|||3,904|207,969|||211,873|283,805|
|Travel|||Direct|||46|465|||511|504|
|Hire of equipment|||Direct||||4,978|||4,978|9,386|
|Printing,
stationery||etc||Direct||532|3,232|||3,764|12,427|
|Depreciation||||Direct||7,252|17,577|||24,829|25,804|
|Legal and professional||||Direct||7,043|10,157||2,425|19,625|20,783|
|Bank charges||||Direct||19|1,020|||1,039|1,241|
|Bad and doubtful||debts||Direct|||10,623|||10,623|19,512|
|Grant payments||||Direct|405,763|||||405,763|304,471|
|Unrecoverable|VAT|||Direct|||5,922|||5,922|19,569|
|Loss on sale of
Other costs|property|||Direct
Direct||20,777
6761||||20,777
~7167|3,150
14089|
##
##
##
||||o o
e '
vl
lvo
ra—0|vrceeoe||eocece|||
|---|---|---|---|---|---|---|---|---|
||||ls|||0ts||2020|
|Costs directly|affocated to||||||||
|activities|||||||||
|Staff costs|||Direct|85,907|191,662||38,106|315,675|
|Advertising|||Direct|3,484|158|||3,642|
|Premises costs|||Direct|21,410|262,395|||283,805|
|Travel|||Direct|185|3'I9|||504|
|Hire of equipment|||Direct||9,386|||9,386|
|Printing,
stationery||etc|Direct|1,019|11,408|||12,427|
|Depreciation|||Direct|7,519|18,285|||25,804|
|Legal and professional|||Direct|11,510|6,535||2,738|20,783|
|Bank charges|||Direct|60|1,181|||1,241|
|Bad and doubfful||debts|Direct||19,512|||19,512|
|Grant payments|||Direct|304,471||||304,471|
|Unrecoverable|VAT||Direct||19,569|||19,569|
|Loss on sale of
Other costs|property||Direct
Direct|3,150
12916|~92||I 265|3,150
~089|
|||||451631|||||
##
##
##
|GRANT PAYMENTS|GRANT PAYMENTS|GRANT PAYMENTS||||
|---|---|---|---|---|---|
|Grants were awarded
to the following|||organisations|during the year:||
|||||2021|2020|
|||||2|2|
|Unrestricted
Grants:||||||
|Nottingham
Rotary Club|||||10,440|
|Think Children|||||3,150|
|Radford Care Group||||20,000||
|Total Unrestricted
Grants||||20,000|13,590|
|Restricted Grants:||||||
|Take 1 Studios||||13,500|11,000|
|Signpost to Polish Success||||4,000|5,830|
|A-Star Sports Development||||4,005|3,320|
|Notts Club for Young People||||2,040|1,700|
|The Lenton Centre||||7,375|4,100|
|Primary
(Nottingham
Studios)|||||3,250|
|Switch
Up CIC||||19,100|16,000|
|Nottingham
Health 8 Education||Support||12,500|6,000|
|The Pythian
Club||||39,107|25,020|
|Hyson Green Youth Club||||14,500|12,000|
|Building Bridges Breaking Barriers||||15,828|18,360|
|East African Education
Centre||||3,750|2,200|
|Nottingham
Bikeworks||||5,750|5,100|
|Fearless Youth Association||||1,820|1,000|
|Freedom Factory|||||2,000|
|ID Foundation|||||850|
|Project COFFE|||||660|
|The Toy Library||||27,000|17,200|
|Daniyaal's
Martial Arts Academy||||800|2,250|
|Inspire-Succeed
CIC|||||2,000|
|NG Community
Hub|||||850|
|Shiefton Youth &Community|Enterprise||||1,000|
|Think Children||||5,350||
|Hyson Green Cultural
Festival|||||1,000|
|Empleo||||23,875|16,140|
|Skills Exchange|||||575|
|Notts County Football
in the Community||||2,778|5,552|
|9'"Nottingham
Girls Brigade||||250|625|
|United Communities
Network|||||800|
|Community
Based Fitness||||10,000|8,335|
|Sherwood
Playgroup||||9,000|596|
|Dunkirk
&Old Lenton Community||Association|||400|
|Restricted grants carried forward||||222,328|175,713|
##
##
##
|i.
GRANT PAYMENTS|continued|||
|---|---|---|---|
|||2021f|2020
2|
|Restricted grants brought|forward|222,328|175,713|
|Belong||28,210|27,355|
|Mojatu|||6,000|
|Kingswood
Methodist
Church|||260|
|AJ Sports||20,500|14,430|
|SongTime|||1,000|
|Wollaton
Park Community|Association|375|250|
|WPCA Bridge Club|||100|
|The Vine Community
Centre||4,420|4,000|
|Skilled Hands Organisation|||3,000|
|The Bridges Community
Trust||45,071|30,615|
|Disability Support Nottingham||2,500|7,235|
|The Bestwood Partnership||27,824|13,997|
|Basford Rd Baplist Church|||165|
|Welcome to Education project||2,529|5,761|
|Moor Lionz|||1,000|
|Radford Care Group||2,602||
|Radford Methodist
Church||3,200||
|YogaEd||587||
|Nottinghamshire
Police &|Crime Commissioner|1,232||
|Vanclaron
CIC||7,160||
|Himmah||11,200||
|Mesopotamia||6,025||
|Total Restricted Grants||385,763|290,881|
##
##
##
|TAFF COSTS AND TRUSTEES REMUNERATION|||
|---|---|---|
||Total|Total|
||2021|2020|
|||9|
|Wages and salaries
Social security costs
Pension costs|295,592
20,478
~10013|282,038
23,354
10283|
|||315A75|
|||||Number|Number|
|---|---|---|---|---|---|
|||||2021|2020|
|Charitable|activities|||11|11|
|Governance||||1J2|1
J2|
|None ofthe Trustees received remuneration|||during the year.|||
|Nc Trustee expenses were incurred||in the|year.|||
|Total|Total|
|---|---|
|2021|2020|
|9|9|
##
##
##
##
##
##
|||Fixtures,||
|---|---|---|---|
||Computer|fittings,
vehicles 8||
||equipment|equipment|Total|
||2|2|2|
|COST||||
|Brought forward at 1 April 2020|53,123|198,152|251,275|
|Additions||15,733|15,733|
|Disposals||||
|At 31 March 2021|~53 123|213885|2~67008|
|DEPRECIATION||||
|Brought forward at 1 April 2020|48,107|134,304|182,411|
|Charge for the year|3,896|20,933|24,829|
|Eliminated
on disposals||||
|At 31 March 2021|52 003|155237|207240|
|NET BOOK VALUE||||
|At 31 March 2021||||
|At 31 March 2020||||
|TANGIBLE FIXEDASSETS Chari||||
|||Fixtures,||
||Computer|fittings,
vehicles 8||
||equipment|equipment|Total|
||2|2|2|
|COST||||
|Brought forward at 1 April 2020|17,938|88,478|106,416|
|Additions||15,733|15,733|
|Disposals||||
|At 31 March 2021|17938|104211|122 149|
|DEPRECIATION||||
|Brought forward at 1 April 2020|17,382|59,532|76,914|
|Charge for the year|278|6,974|7,252|
|Eliminated
on disposals||||
|At 31 March 2021|17660|66506|~84 166|
|NET BOOK VALUE||||
|At 31 March 2021||||
|At 31 March 2020||||
##
##
##
|||FOR THE YEAR|ENDED 31STMARCH 2|021|||
|---|---|---|---|---|---|---|
|INVESTMENTS|||Group|Group|Charity|Charity|
||||2021
2|2020f|2021
2|2020
2|
|FIXEDASSETS|||||||
|Investment|Properties:||||||
|Cost/valuation
b/f|||1,532,502|1,562,502|1,532,502|1,562,502|
|Additions||||8,555||8,555|
|Disposals||||(30,000)||(30,000)|
|Revaluations||||(8,555)||(8,555)|
|Transfer to|current assets||||||
|Cost/valuation
c/f|||1,532,502|1,532,502|1,532,502|1,532,502|
|Shares
in Subsidiary||Undertaking:|||100|100|
|CURRENT|ASSETS||Group|Group|Charity|Charity|
||||2021|2020|2021|2020|
||||2|2|2|6|
|Investment|Properties||||||
|DEBTORS||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||2|2|2|2|
|Trade debtors||26,154|28,922|||
|Amounts
owed from subsidiary|undertakings|||9,759||
|Other debtors||~40 186|30251|52 727|60892|
||||5BJ23|||
##
##
||||FO|R THE YEA|R ENDED 3|1STMARCH 2021||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group|Group|Charity|Charity|
|||||||2021|2020|2021|2020|
|||||||2|2|2|2|
|LIABILITIES: Amounts||falling||due with one year||||||
|Trade creditors||||||31,272|35,116|292|1,214|
|Taxation|and social security|||||2,072|8,372|||
|Accruals|and deferred
income|||||29,809|87,501|5,585|23,085|
|Amounts|owed to subsidiary||undenakings||||||479|
|Bank loans and overdrafts||||||10,615|10,398|10,615|10,398|
|Other creditors||||||33488
196801|||196800|
|||||||||~t||
|Deferred|income ofF18,854||(2020:Et6,832) is included|||within accruals and|deferred|income and||
|represents
the amounts||prepaid||by tenants.||||||
|A figure|of anil (2020:Et|96,800) is included|||with Other|Creditors for trespass|&access charges and|||
|dilapidations
costs in relation|||to|the sale of|units at Hartley Court (see Note 8).|||||
|||||||Group|Group|Charity|Charity|
|||||||2021
2|2020
2|2021
2|2020f|
|12.|LIABILITIES: Amounts|falling due after one year|
|---|---|---|
||Bank loans and overdrafts||
||Amounts
included
above|which fall due after five|
||years are as follows:||
||Payable
by instalments||
##
##
##
##
|RESTRICTED FUNDS|RESTRICTED FUNDS|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||At 1 April||||At 31 March|
||||||2020
f|Income
2|Expenditure
2|Transfers|2021
2|
|Nottingham
City Council:
Breaking Barriers Building|||Areas 2, 4 & 5
Bridges||80,886|426,242
12468|420,120
12468|(60,156)|26,852|
|RESTRICTED FUNDS||Prior||ear||||||
||||||At 1 April||||At 31 March|
||||||2019|Income|Expenditure|Transfers|2020|
||||||2|2|2||2|
|Nottingham
City Council:
Breaking Barriers Building|||Areas 2,4 &5
Bridges|||426,242
11,360|298,691
11,360|(46,665)|80,886|
|Welcome|To Education|||||11,320|11,320|||
|Workplace|Travel|||||12994|~12994|||
|||||||||(&K665j||
##
##
##
##
##
##
|ANALYSIS|OF NET ASSETS BETWEEN FUNDS||||
|---|---|---|---|---|
|||General|Restricted||
|||funds|funds|Total|
|||2|2||
|GROUP|||||
|Tangible fixed assets and investments||1,592,270||1,592,270|
|Net current|assets/(liabilities)|68,427|26,852|95,279|
|Long term|liabilities|~122 113||~122113|
|CHARITY|||||
|Tangible fixed assets and investments||1,570,585||1,570,585|
|Net current|assets/(liabilities)|83,711|26,852|110,563|
|Long term|liabilities|~122113||~122 113|
##
|ANALYSI|S OF NET ASSETS BETWEEN F
ND
rio|r
ear|||
|---|---|---|---|---|
|||General|Restricted||
|||funds|funds|Total|
|||2|2|2|
|GROUP|||||
|Tangible fixed assets and investments||1,601,366||1,601,366|
|Net current|assets/(liabilities)|148,918|80,886|229,804|
|Long term|liabilities|~127360||~127360|
|CHARITY|||||
|Tangible fixed assets and investments||1,562,104||1,562,104|
|Net current|assets/(liabilities)|181,780|80,886|262,666|
|Long term|liabilities|~127360||~127360|
|||~1||~1|
##
##
|to make a profit. A|to make a profit. A|to make a profit. A|summary
ofthe results ofthe subsidiary|is shown below:||
|---|---|---|---|---|---|
|Castle Cavendish|||Limited|2021|2020|
|||||2|2|
|Income||||425,861|585,085|
|Other income||||43,227||
|Administrative||expenses||411448|470088|
|Trading
profit||||~57640|114997|
|Other operating||costs||28201|37797|
|Net operating|profit|||29439|77200|
|Distribution
to|charity (CCF)|||29439|77200|
|Profit for period||||||
##
##
##
##
##
##
##
##
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
||||2|2|
|Deficit forthe year|||(138,374)|(7,668)|
|Adjustments
for:|||||
|Interest
paid|||6,335|6,280|
|Depreciation
oftangible assets|||24,829|25,804|
|Movements
in working capital:|||||
|Decrease/(increase)|in debtors||(7,167)|15,655|
|Increase/(decrease)|in creditors||(230,932)|(31,207)|
|Cash generated
from/(absorbed||by) operations|345,309|8,864|