| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 5 |
| Report ofthe Independent Auditors |
6 | to | 8 |
| Statement ofFinancial Activities | |||
| Statement ofFinancial Position | |||
| Statement ofCash Flows | |||
| Notes to the Statement ofCash Flows | 12 | ||
| Notes to the Financial Statements | 13 | to | 21 |
| 31.3.21 | 31.3.20 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | F | F | |||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
5,694 | 5,694 | 1,484 | ||||
| Charitable activities |
|||||||
| Charitable Activity |
769,975 | 30,550 | 800,525 | 915,331 | |||
| Investment income |
32 | 32 | 56 | ||||
| Other income | 62,802 | 62,802 | 1,525 | ||||
| Total | 838,503 | 30,550 | 869,053 | 918,396 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Charitable Activity |
740,110 | 5,677 | 745,787 | 935,797 | |||
| NET INCOME/(EXPENDITURE) | 98,393 | 24,873 | 123,266 | (17,401) | |||
| Transfers between |
funds | 19 | 14,'I63 | (14,163) | |||
| Net movement in funds |
112,556 | 10,710 | 123,266 | (17,401) | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 105,976 | 2,390 | 108,366 | 125,767 | ||
| TOTAL FUNDS CARRIED FORWARD | 218,532 | 13,100 | 231,632 | 108,366 |
| 31.3.21 | 31.3.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Notes | funds f |
funds E |
funds | funds E. |
||
| FIXEDASSETS | ||||||
| Tangible assets | 13 | 17,180 | 17,180 | 9,205 | ||
| CURRENT ASSETS | ||||||
| Debtors | 14 | 121,937 | 121,937 | 114,623 | ||
| Cash at bank and | in hand | 174,973 | 14,207 | 189,180 | 79,732 | |
| 296,910 | 14,207 | 311,117 | 194,355 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
15 | (45,558) | (1,107) | (46,665) | (95,194) | |
| NET CURRENT ASSETS | 251,352 | 13,100 | 264,452 | 99,161 | ||
| TOTAL ASSETS LESSCURRENT | ||||||
| LIABILITIES | 268,532 | 13,100 | 281,632 | 108,366 | ||
| CREDITORS | ||||||
| Amounts falling due after more than one |
||||||
| year | 16 | (50,000) | (50,000) | |||
| NET ASSETS | 218,532 | 13,100 | 231,632 | 108,366 | ||
| FUNDS | 19 | |||||
| Unrestricted funds: |
||||||
| General fund | 201,352 | 96,771 | ||||
| Designated Fund |
—Capital Reserve | 17,180 | 9,205 | |||
| 218,532 | 105,976 | |||||
| Restricted funds | 13,100 | 2,390 | ||||
| TOTAL FUNDS | 231,632 | 108,366 |
| FOR T | HE YEAR ENDE | D 31 MARCH 2021 | |||
|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | ||||
| Notes | E | E | |||
| Cash flows from | operating | activities | |||
| Cash generated from operations |
71,616 | 17,183 | |||
| Net cash provided | by operating activities |
71,616 | 17,183 | ||
| Cash flows from | investing | activities | |||
| Purchase oftangible fixed assets | (12,450) | (7,687) | |||
| Sale oftangible fixed assets | 250 | 1,333 | |||
| Interest received | 32 | 56 | |||
| Net cash used in |
investing activities |
(12,168) | (6,298) | ||
| Cash flows from | financing | activities | |||
| New loans in year | 50,000 | ||||
| Net cash provided | by financing activities |
50,000 | |||
| Change in cash |
and cash | equivalents | |||
| in the reporting | period | 109,448 | 10,885 | ||
| Cash and cash equivalents | at the | ||||
| beginning ofthe |
reporting | period | 79,732 | 68,847 | |
| Cash and cash equivalents | at the end | ||||
| ofthe reporting | period | 189,180 | 79,732 |
| RECONCILIATION | OF NET INCOME/(EXPENDITURE) | OF NET INCOME/(EXPENDITURE) | OF NET INCOME/(EXPENDITURE) | TO NET | CASH | FLOW FROM | OPERATING |
|---|---|---|---|---|---|---|---|
| ACTIVITIES | |||||||
| 31.3.21 | 31.3.20 | ||||||
| E | |||||||
| Net income/(expenditure) | forthe reporting | period (as | per the | ||||
| Statement ofFinancial Activities) | 123,266 | (17,401) | |||||
| Adjustments for: |
|||||||
| Depreciation charges |
4,475 | 7,546 | |||||
| Profit on disposal of | fixed assets | (250) | (1,333) | ||||
| Interest received | (32) | (56) | |||||
| Increase in debtors |
(7,314) | (5,902) | |||||
| (Decrease)/increase | in creditors | (48,529) | 34,329 | ||||
| Net cash provided | by operations | 71,616 | 17,183 | ||||
| ANALYSIS OF CHANGES | IN NET FUNDS | ||||||
| At1.4.20 | Cash flo | At 31.3.21 | |||||
| F | |||||||
| Net cash | |||||||
| Cash at bank and in |
hand | 79,732 | 109,448 | 189,180 | |||
| 79,732 | 109,448 | 189,180 | |||||
| Debt | |||||||
| Debts falling due after 1 year | (50,000) | (50,000) | |||||
| (50,000) | (50,000) | ||||||
| Total | 79,732 | 59,448 | 139,180 |
| 31.3.21 | 31.3.20 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| E | |||||||||
| Donations | 5,694 | 1,484 | |||||||
| INVESTMENT INCOME | |||||||||
| 31.3.21 | 31.3.20 | ||||||||
| F | E | ||||||||
| Deposit account | interest | 32 | 56 | ||||||
| INCOME FROM | CHARITABLE ACTIVITIES | ||||||||
| 31.3.21 | 31.3.20 | ||||||||
| Activity | F | F | |||||||
| Grants | Charitable | Activity | 424,619 | 413,331 | |||||
| Fares | Charitable | Activity | 363,548 | 485,816 | |||||
| Registration | fees | Charitable | Activity | 12,304 | 16,063 | ||||
| Fundraising | Charitable | Activity | 54 | 121 | |||||
| 800,525 | 915,331 | ||||||||
| Grants received, | included | in | the above, | are as follows: | |||||
| 31.3.21 | 31.3.20 | ||||||||
| Gloucestershire | County | Council | 357,888 | 351,471 | |||||
| Social Services Transport | 18,309 | 41,472 | |||||||
| Bus Service | Operators | Grant | 15,372 | 15,188 | |||||
| Rotary Club | ofCheltenham | North | 9,500 | ||||||
| Tidal Training | 6,600 | ||||||||
| Basic Lottery | Grant | 6,500 | |||||||
| Gloucestershire | Community | Foundation | 5,000 | 5,200 | |||||
| Barnwood Trust | 2,500 | ||||||||
| Summerfield | Trust | 2,000 | |||||||
| Tewksbury Borough Council |
950 | ||||||||
| 424,619 | 413,331 |
| F | F | OR THE | YEAR ENDED 31 MARCH 2021 | |||
|---|---|---|---|---|---|---|
| 5. | OTHER INCOME | |||||
| 31.3.21 | 31.3.20 | |||||
| E | ||||||
| Other income | 62,802 | 1,525 | ||||
| Government | grants received, | included | in the above, are as follows: | |||
| 31.3.21 | 31.3.20 | |||||
| Coronavirus | Job Retention Scheme | 62,802 | 1,525 | |||
| 62,802 | 1,525 | |||||
| 6. | CHARITABLE ACTIVITIES | COSTS | ||||
| Direct | Support | |||||
| Costs (see | costs (see | |||||
| note 7) | note 8) | Totals | ||||
| E | F | |||||
| Charitable Activity |
740,650 | 5,137 | 745,787 | |||
| 7. | DIRECT COSTS OF CHARITABLE ACTIVITIES | |||||
| 31.3.21 | 31.3.20 | |||||
| E | ||||||
| Staff costs | 434,468 | 504,046 | ||||
| Vehicle leasing | 141,530 | 143,858 | ||||
| Other vehicle | expenses | 86,244 | 133,469 | |||
| Insurance | 2,131 | 2,174 | ||||
| Telephone | 9,765 | 8,803 | ||||
| Postage and | stationery | 3,826 | 4,326 | |||
| Advertising | 4,437 | 481 | ||||
| Sundries | 778 | 1,622 | ||||
| Bank charges | 1,194 | 2,235 | ||||
| Property costs | 18,334 | 18,911 | ||||
| Computer costs | 14,064 | 22,753 | ||||
| Bad debts | 229 | |||||
| Loan interest | 17 | |||||
| Volunteer ddver expenses |
19,496 | 77,795 | ||||
| Training and |
recruitment | 158 | 3,832 | |||
| Depreciation | 4,475 | 7,546 | ||||
| Loss on sale | ofassets | (250) | (1,333) | |||
| 740,650 | 930,764 |
| Governance | ||||||
|---|---|---|---|---|---|---|
| costs | ||||||
| Charitable | Activity | 5,137 | ||||
| Support | costs, | included | in the above, are as follows: | |||
| 31.3.21 | 31.3.20 | |||||
| Charitable | Total | |||||
| Activity | activities | |||||
| F | ||||||
| Auditors' | remuneration | 5,137 | 5,033 | |||
| NET INCOME/(EXPENDITURE) | ||||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||
| 31.3.21 | 31.3.20 | |||||
| E | F | |||||
| Auditors' | remuneration | 5,137 | 5,033 | |||
| Depreciation - |
owned assets | 4,475 | 7,546 | |||
| Other operating | leases | 141,530 | 143,858 | |||
| Surplus | on disposal of | fixed assets | (250) | (1,333) |
| trustee. No trustee was reimbursed expenses in t STAFF COSTS |
he year (2020:fNil). | |
|---|---|---|
| 31.3.21 | 31.3.20 | |
| Wages and salaries | 410,617 | 477,280 |
| Social security costs | 18,274 | 21,021 |
| Other pension costs | 5,577 | 5,745 |
| 434,468 | 504,046 |
| The | average monthly number ofemployees |
during the year was as follows: | |
|---|---|---|---|
| 31.3.21 | 31.3.20 | ||
| Full | time | 11 | 11 |
| Part | time | 28 | 32 |
| 39 | 43 |
| 12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
1,484 | 1,484 | ||||
| Charitable activities |
||||||
| Charitable Activity |
910,131 | 5,200 | 915,331 | |||
| Investment income |
56 | 56 | ||||
| Other income | 1,525 | 1,525 | ||||
| Total | 913,196 | 5,200 | 918,396 | |||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Charitable Activity |
917,958 | 17,839 | 935,797 | |||
| NET INCOME/(EXPENDITURE) | (4,762) | (12,639) | (17,401) | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 110,738 | 15,029 | 125,767 | ||
| TOTAL FUNDS CARRIED FORWARD | 105,976 | 2,390 | 108,366 | |||
| 13. | TANGIBLE FIXEDASSETS | |||||
| Fixtures | ||||||
| and | Motor | Computer | ||||
| fittings | vehicles F |
equipment | Totals f |
|||
| COST | ||||||
| At 1 April 2020 | 1,250 | 41,270 | 6,666 | 49,186 | ||
| Additions | 12,450 | 12,450 | ||||
| Disposals | (11,500) | (11,500) | ||||
| At 31 March 2021 | 1,250 | 42,220 | 6,666 | 50,136 | ||
| DEPRECIATION | ||||||
| At 1 April 2020 | 781 | 37,734 | 1,466 | 39,981 | ||
| Charge for year | 313 | 1,962 | 2,200 | 4,475 | ||
| Eliminated on disposal |
(11,500) | (11,500) | ||||
| At 31 March 2021 | 1,094 | 28,196 | 3,666 | 32,956 | ||
| NET BOOK VALUE | ||||||
| At 31 March 2021 | 156 | 14,024 | 3,000 | 17,180 | ||
| At 31 March 2020 | 469 | 3,536 | 5,200 | 9,205 |
| 14. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 31.3.21 | 31.3.20 | ||||||
| F | |||||||
| Trade debtors | 66,975 | 66,160 | |||||
| Other debtors | 22,208 | 15,753 | |||||
| VAT | 10,278 | 10,507 | |||||
| Prepayments and accrued |
income | 22,476 | 22,203 | ||||
| 121,937 | 114,623 | ||||||
| 15. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 31.3.21 | 31.3.20 | ||||||
| F | E | ||||||
| Trade creditors | 27,489 | 33,234 | |||||
| Social security and other | taxes | 6,879 | 7,259 | ||||
| Other creditors | 1,465 | 7,677 | |||||
| Accruals and deferred | income | 10,832 | 47,024 | ||||
| 46,665 | 95,194 | ||||||
| 16. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | |||||
| 31.3.21 | 31.3.20 | ||||||
| Bank loans (see note | 17) | 50,000 | |||||
| 17. | LOANS | ||||||
| An analysis ofthe maturity | of | loans is given below: | |||||
| 31.3.21 | O'I.3.20 | ||||||
| Amounts falling between Bank loans -1-2years |
one | and two years: | 5,348 | ||||
| Amounts falling due between |
two and five years: | ||||||
| Bank loans - 2-5years | 16,867 | ||||||
| Amounts falling due in |
more than five years: | ||||||
| Repayable by instalments: |
|||||||
| Bank loans more 5 yr | by | instal | 27,785 |
| Minimum lea |
se p | ayments under non-canc |
ellable operating |
leases fall due | as follows: | |
|---|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||||
| E | ||||||
| Within one year | 90,810 | 88,006 | ||||
| Between one | and | five years | 160,318 | 238,187 | ||
| In more than | five | years | 7,710 | 3,096 | ||
| 258,838 | 329,289 | |||||
| MOVEMENT | IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.20 | in funds | funds | 31.3.21 | |||
| F | ||||||
| Unrestricted | funds | |||||
| General fund | 96,771 | 98,393 | 6,188 | 201,352 | ||
| Designated Fund |
—Capital Reserve | 9,205 | 7,975 | 17,180 | ||
| 105,976 | 98,393 | 14,163 | 218,532 | |||
| Restricted funds | ||||||
| Accessible car fund | 1,713 | 12,450 | (14,163) | |||
| Volunteer Champions |
677 | (677) | ||||
| Lottery Covid-1 9Relief Funding | 6,500 | 6,500 | ||||
| Tidal Training | 6,600 | 6,600 | ||||
| 2,390 | 24,873 | (14,163) | 13,100 | |||
| TOTAL FUNDS | 108,366 | 123,266 | 231,632 |
| Net movement in funds, included in the above |
are as follows: | ||
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| F | |||
| Unrestricted funds |
|||
| General fund | 838,503 | (740,110) | 98,393 |
| Restricted funds | |||
| Accessible car fund | 12,450 | 12,450 | |
| Volunteer Champions |
5,000 | (5,677) | (677) |
| Lottery Covid-19 Relief Funding | 6,500 | 6,500 | |
| Tidal Training | 6,600 | 6,600 | |
| 30,550 | (5,677) | 24,873 | |
| TOTAL FUNDS | 869,053 | (745,787) | 123,266 |
| Comparatives fo |
r movem | ent in fun |
ds | ||||
|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.4.19 | in funds f |
funds E |
31.3.20 | ||||
| Unrestricted funds |
|||||||
| General fund | 101,674 | (4,762) | (141) | 96,771 | |||
| Designated Fund |
—Capital | Reserve | 9,064 | 141 | 9,205 | ||
| 110,738 | (4,762) | 105,976 | |||||
| Restricted funds | |||||||
| Accessible car fund | 1,713 | 1,713 | |||||
| Volunteer Manager |
1,071 | (1,071) | |||||
| Volunteer Champions |
12,245 | (11,568) | 677 | ||||
| 15,029 | (12,639) | 2,390 | |||||
| TOTAL FUNDS | 125,767 | (17,401) | 108,366 | ||||
| Comparative net movement |
in funds, | included | in the above are as follows: | ||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| F | |||||||
| Unrestricted funds |
|||||||
| General fund | 913,196 | (917,958) | (4,762) | ||||
| Restricted funds | |||||||
| Volunteer Manager |
(1,07'I ) | (1,071) | |||||
| Volunteer Champions |
5,200 | (16,768) | (11,568) | ||||
| 5,200 | (17,839) | (12,639) | |||||
| TOTAL FUNDS | 918,396 | (935,797) | (17,401) |