REGISTERED COMPANY NUMBER: 05929370 (England and Wales) REGISTERED CHARITY NUMBER: 1119911
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FOR
ACTS TRUST
ACTS TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 18 |
ACTS TRUST (REGISTERED NUMBER: 05929370)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
We have three teams: Energize, Restore and Night Light Cafes.
Energize works with young people aged 11+ providing positive activities across the city to boost self-esteem and raise the aspirations of young people. We do this in partnership with local schools and community groups as well as delivering holiday schemes across the estates.
Restore works with people aged 16+ supporting them into a life free from poverty. We support people with tangible aid such as food through the Lincoln Foodbank project, but we also provide advice and guidance through our selection of Restore Programme courses, alongside coaching and befriending.
Night Light Cafes provide safe spaces during the late evenings for people to go to when struggling with their mental health. The cafes are run in partnership with local churches and are funded through the NHS Transformation Fund.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
It is with a huge sense of pride and gratitude that I write this report to celebrate the work of Acts Trust for the year 2020-2021. This year marks our fifteenth year of operation as a charity in Lincoln. I am delighted to document the key achievements of our passionate and dedicated team of 200+ volunteers and small staff team of 4 full time and 5 part time plus sessional workers. In the face of uncertainty and through the stressful conditions created by the Covid Pandemic the whole team have once again demonstrated inspirational commitment to our mission to empower people to end poverty in Lincoln.
Acts Trust is a Christian faith-inspired charity. The organisation was set up in 2006 by Alive Church Lincoln (formerly New Life Lincoln), to build on projects started by volunteers in the church. Acts is faith based but not faith biased and we are committed to serving the needs of all people in the City of Lincoln regardless of their religion, gender, ethnicity, sexual orientation or ability. Although Acts Trust is connected to Alive Church, the charitable aims of the Trust are not explicitly Christian and can be summarised as the relief of poverty, providing education and being a community connecting point.
We are ...
Empowering
We empower people to unlock the potential within themselves, enabling them to overcome challenges and to proactively make positive changes in their lives.
Bold
We fearlessly stand our ground while we dare to believe that change is possible.
Champions
We passionately speak up for those who don't feel they have a voice and we energetically champion people: cheering them on to win, demonstrating that empowered people can end poverty.
Intelligent
We are an intelligent and innovative team who understand those with whom we work, are creative in finding solutions to problems and constantly monitor our effectiveness.
Reputable
We are a locally rooted charity with an excellent reputation within our City for delivering high quality sustainable results.
All of our programmes and activities connect together - ensuring holistic support. So that, for example, someone needing emergency support with food can quickly access support that can help deal with the root causes of the problem, such as debt or employment advice, mental health support or befriending. We can support young people by also supporting the whole family.
Page 1
ACTS TRUST (REGISTERED NUMBER: 05929370)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
ACHIEVEMENT AND PERFORMANCE
Achievements and challenges
Along with the rest of the global population, Acts Trust has had to navigate our way through the ongoing Coronavirus Pandemic. We continued through multiple lockdowns with an unprecedented amount of people reliant on our services, the uncertainty of how the UK would be affected by the disease and the anticipated social impact of ongoing restrictions on the poorest in our city kept our teams active and committed to our mission and the people they serve.
It has been inspirational to see the maintenance of service provision in spite of the challenges that the organisation has faced during this year. Many similar organisations have either ceased to function or diminished in their project portfolios whereas Acts have either maintained its provision or further developed certain projects. This is a cause for celebration and should not be taken for granted.
Other challenges we have navigated include:
-
Continued changes to restrictions and staff working conditions which has placed ongoing pressure on a sense of team and stretched the resilience of our staff and volunteers. This was especially true for the ongoing periods of working remotely as a team and we have placed an emphasis on the continued support our workforce to protect their own mental wellbeing
-
Core income and income from schools fluctuated compounded by the pandemic which led to flexing of priorities and pivoting services
Despite these challenges, it has been inspiring to see the team tirelessly working to ensure the people we serve still have access to the support they need, it is testament to the whole team that we have been able to maintain and in some cases develop our service provision in spite of the challenges presented by the pandemic when many organisations have either ceased to function or diminished in their service delivery. Some of the achievements we are most proud of include;
-
Expanded our Energize work in schools with an emphasis on those at risk of exclusion and increased our mentoring provision as a response to the growing mental health crisis in young people
-
Continued to run online courses to support people in the areas of self esteem, self organisation, budgeting and employability skills and these courses have been adopted by the wider Alive Church locations and run in several other towns around the region
-
- Distributed 4639 food parcels, 1697 of these included children
-
- Launched the Slow Bikers Club, a social activity for men to create an opportunity for connection and relationship building in the outdoors
-
- The Night Light cafe was established as a much needed mental health support service in the city and as it was deemed an "essential service" it remained open throughout the pandemic. Staffing was increased to bolster the service over the winter period and we were able to grow from seven sessions a week to ten
-
- Created a new partnership with The Message Trust to launch a food grocery in Lincoln, operating from the Lincoln Central Methodist church building
-
- We were selected for the Towns Deal funding which will enable us to resource the renovation of a city centre building in order for us to house the new food grocery
-
The design of a brand new online food parcel referral system that enabled effective cross-organisational working (this replaced last year's basic system with a more robust system that connects to our Triage software.) We were able to offer a flexible service including home deliveries of food parcels to meet the growing demand on provision during the pandemic
Our greatest asset continues to be our team of talented staff and volunteers who have an inspiring passion and drive to empower people to end poverty. We know we can't do this alone and joining with strategic partners who share our vision is an important element of our ethos. We are grateful to have a working alignment with many other organisations. Simon Hawking (formerly Hoare), our CEO continues to represent Acts on various city and county wide partnerships.
It is inspiring to see the work that has taken place over the 15 years that Acts Trust has been in operation and I believe we are positively positioned for another good year which will see more people empowered to end poverty in their own lives and their city.
We want to particularly thank and acknowledge all our funders and donors during this year period, including those who have generously supported with personal one off and regular donations. Their support is essential to ensure our projects can continue to run effectively and empower local individuals in need.
Page 2
ACTS TRUST (REGISTERED NUMBER: 05929370)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
ACHIEVEMENT AND PERFORMANCE
Achievements and Challengers (cont.)
Here is a list of our funders over £2,500. This is both public and non-public funding:
| Funders over £2,500 | |
|---|---|
| Funder | £ |
| NHS Transformation Fund | 115,842 |
| BBC Children in Need | 27,909 |
| DCMS funding via the Church Revitalisation Trust and Groundlevel Network | 24,011 |
| The Trussell Trust | 19,805 |
| All Churches Trust | 17,500 |
| Resource Action Fund via WRAP (Waste and Resource Action Programme) | 9,736 |
| ESF Employment and Skills Programme via Bishop Grosseteste University | 7,930 |
| COVID-19 Emergency Surplus Food Grant via Bishop Grosseteste University | 5,000 |
| National Emergency Trust funding via Lincolnshire Food Partnership | 5,000 |
| Lincolnshire Partnership NHS Foundation Trust | 4,959 |
| COVID-19 Funding via Lincolnshire County Council | 4,945 |
| COVID-19 Funding via Lincolnshire Community Foundation | 2,815 |
Our organisational donors over £1,250 during the same year period:
| Donors over £1,250 | £ |
|---|---|
| Alive Church | 54,000 |
| Rockstar International | 10,000 |
| Frontier Agriculture | 6,128 |
| Lincolnshire Cooperative | 3,630 |
| BAE Systems | 3,000 |
| Brayford Plastics | 2,000 |
| Siemens | 1,500 |
| Platform Housing | 1,250 |
| Winter Bridge Tournament | 1,250 |
We finished the year with funds of £326,118. The balance of funds that exceeds our reserves is designated to future spend on our project work, including matched funds towards capital costs related to the Towns Deal project and towards the opening of the new Lincoln Community Grocery.
I would like to take this opportunity to express my gratitude, first of all to Simon Hawking for his diligence and leadership of the charity, as well as the wider leadership and management team who show incredible passion and commitment to the work of the Trust, and of course to the hundreds of volunteers who donate their time and skills to help work towards our shared aspirational goal of the elimination of poverty in Lincoln.
FINANCIAL REVIEW
Reserves policy
The Trustees have examined the Charity's requirement for reserves in light of the main risks to the organisation.
Acts Trust has a reserves policy on the basis that we rely on donations and funding for our operations. Should we be in a position where funding has stopped we would require free unrestricted funds to:
-
Allow 3 months to secure alternative funding
-
If unsuccessful to cover the costs of redundancy pay for employees
The incoming resources for the year amounted to £596,406 (2020 - £496,783) and the outgoing resources for the year amounted to £461,029 (2020 - £369,309) resulting in a surplus of £135,377 (2020 - £127,474).
The free reserves at the year end totalled £182,282 (2020 - £145,178).
FUTURE PLANS
In the next reporting period, we anticipate the opening of the Community Grocery which will see our long awaited vision of the "Store of Stories" project come to fruition. Much of our focus, energy and planning work this year has been directed towards the realisation of that project.
Page 3
ACTS TRUST (REGISTERED NUMBER: 05929370)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 8 September, 2006 and charitable status for the company was granted with effect from 3 July, 2007. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, all available funds shall go to a charitable cause.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's articles are known as directors. The trustees seek to appoint persons who share the ethos of the charity to bring a balance of skills and strengths to the board.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05929370 (England and Wales)
Registered Charity number
1119911
Registered office
Alive Church Newland LINCOLN LN1 1XG
Trustees
N. J. Woodcock J. Blundell D. Collins J. Harrison A Russell J. Boughton-Thomas (appointed 8.2.21) L. Tanser (appointed 8.2.21)
Company Secretary
A. Lyons
Independent Examiner
C. M. Tams A.C.A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
Bankers
Virgin Money 124 High Street SCUNTHORPE DN15 6ES
PUBLIC BENEFIT
We have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission when reviewing our aims and objectives and in planning future activities. In particular, the Directors/Trustees consider how planned activities will contribute to the aims and objectives they have set.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of ACTS Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 4
ACTS TRUST (REGISTERED NUMBER: 05929370)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 23 May 2022 and signed on its behalf by:
J. Blundell - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ACTS TRUST (REGISTERED NUMBER: 05929370)
Independent examiner's report to the trustees of ACTS Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of A.C.A which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
C. M. Tams A.C.A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
24 May 2022
Page 6
ACTS TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 51,705 Charitable activities 4 Core 42,180 Other trading activities 3 2,267 Other income 2,583 Total 98,735 EXPENDITURE ON Raising funds 5 387 Charitable activities 6 Core 62,577 Total 62,964 NET INCOME 35,771 Transfers between funds 17 6,707 Net movement in funds 42,478 RECONCILIATION OF FUNDS Total funds brought forward 147,054 TOTAL FUNDS CARRIED FORWARD 189,532 |
Restricted funds £ 245,897 251,774 - - 497,671 - 398,065 398,065 99,606 (6,707) 92,899 43,687 136,586 |
31.8.21 Total funds £ 297,602 293,954 2,267 2,583 596,406 387 460,642 461,029 135,377 - 135,377 190,741 326,118 |
31.8.20 Total funds £ 236,197 209,048 15,347 36,191 |
|---|---|---|---|
| 496,783 8,139 361,170 |
|||
| 369,309 | |||
| 127,474 - |
|||
| 127,474 63,267 |
|||
| 190,741 |
The notes form part of these financial statements
Page 7
ACTS TRUST (REGISTERED NUMBER: 05929370)
BALANCE SHEET
31 AUGUST 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 14 7,250 CURRENT ASSETS Debtors 15 51,529 Cash at bank and in hand 153,460 204,989 CREDITORS Amounts falling due within one year 16 (22,707) NET CURRENT ASSETS 182,282 TOTAL ASSETS LESS CURRENT LIABILITIES 189,532 NET ASSETS 189,532 FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 7,846 128,740 136,586 - 136,586 136,586 136,586 |
31.8.21 Total funds £ 7,250 59,375 282,200 341,575 (22,707) 318,868 326,118 326,118 189,532 136,586 326,118 |
31.8.20 Total funds £ 1,876 12,160 195,980 208,140 (19,275) 188,865 190,741 190,741 147,054 43,687 190,741 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23 May 2022 and were signed on its behalf by:
J. Blundell - Trustee
The notes form part of these financial statements
Page 8
ACTS TRUST
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Net cash (used in)/provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.8.21 £ 92,414 92,414 (6,707) 513 (6,194) 86,220 195,980 282,200 |
31.8.20 £ 131,298 |
|---|---|---|
| 131,298 | ||
| - - |
||
| - | ||
| 131,298 64,682 |
||
| 195,980 |
The notes form part of these financial statements
Page 9
ACTS TRUST
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2021
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| 31.8.21 | 31.8.20 | |
|---|---|---|
| £ | £ | |
| Net income for the reporting period (as per the Statement of Financial | ||
| Activities) | 135,377 | 127,474 |
| Adjustments for: | ||
| Depreciation charges | 820 | 987 |
| (Increase)/decrease in debtors | (47,215) | 2,221 |
| Increase in creditors | 3,432 | 616 |
| Net cash provided by operations | 92,414 | 131,298 |
- ANALYSIS OF CHANGES IN NET FUNDS
| At 1.9.20 | Cash flow | At 31.8.21 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 195,980 | 86,220 | 282,200 |
| 195,980 | 86,220 | 282,200 | |
| Total | 195,980 | 86,220 | 282,200 |
The notes form part of these financial statements
Page 10
ACTS TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Changes in accounting policies
Goods donated to and distributed by the food bank have been recognised in the statement of financial activities as donations and charitable expenditure.
The policy has changed to:
Donated goods for distribution are recognised in the statement of financial activities when distributed at fair value as donations and charitable expenditure.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% Reducing Balance Motor vehicles - 25% Reducing Balance Computer equipment - 25% Straight Line
Fixed assets are not capitalised if they cost less than £500.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Donated goods
Donated goods for distribution are recognised in the statement of financial activities when distributed at fair value as donations and charitable expenditure.
Page 11
ACTS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
| 2. | DONATIONS AND LEGACIES | ||||
|---|---|---|---|---|---|
| 31.8.21 | 31.8.20 | ||||
| £ | £ | ||||
| Gifts and donations | 145,042 | 137,097 | |||
| Donated goods | 152,560 | 99,100 | |||
| 297,602 | 236,197 | ||||
| 3. | OTHER TRADING ACTIVITIES | ||||
| 31.8.21 | 31.8.20 | ||||
| £ | £ | ||||
| Fundraising | 2,267 | 15,347 | |||
| 4. | INCOME FROM CHARITABLE | ACTIVITIES | |||
| 31.8.21 | 31.8.20 | ||||
| Activity | £ | £ | |||
| Charitable activities | Core | 293,954 | 209,048 | ||
| 5. | RAISING FUNDS | ||||
| Raising donations and legacies | |||||
| 31.8.21 | 31.8.20 | ||||
| £ | £ | ||||
| Fundraising costs | 387 | 8,139 | |||
| 6. | CHARITABLE ACTIVITIES COSTS | ||||
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 7) | Totals | |||
| £ | £ | £ | |||
| Core | 456,455 | 4,187 | 460,642 | ||
| 7. | SUPPORT COSTS | ||||
| Governance | |||||
| costs | |||||
| £ | |||||
| Core | 4,187 | ||||
| 8. | NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 31.8.21 | 31.8.20 | ||||
| £ | £ | ||||
| Independent examiners fee | 4,187 | 2,786 | |||
| Depreciation - owned assets | 820 | 987 |
Page 12
ACTS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Core Staff |
31.8.21 £ 143,475 5,474 4,176 153,125 31.8.21 9 |
31.8.20 £ 123,232 4,810 3,609 |
|---|---|---|
| 131,651 | ||
| 31.8.20 8 |
No employees received emoluments in excess of £60,000.
Key management remuneration paid to key management during the year amounts to £34,886 (2020 - £30,111)
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 137,097 Charitable activities Core 58,589 Other trading activities 15,347 Other income 36,191 Total 247,224 EXPENDITURE ON Raising funds 8,139 Charitable activities Core 142,840 Total 150,979 NET INCOME 96,245 RECONCILIATION OF FUNDS Total funds brought forward 50,809 |
Restricted funds £ 99,100 150,459 - - 249,559 - 218,330 218,330 31,229 12,458 |
Total funds £ 236,197 209,048 15,347 36,191 |
|---|---|---|
| 496,783 8,139 361,170 |
||
| 369,309 | ||
| 127,474 63,267 |
Page 13
ACTS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|
| Unrestricted fund £ TOTAL FUNDS CARRIED FORWARD 147,054 |
Restricted funds £ 43,687 |
Total funds £ |
| 190,741 |
12. PRIOR YEAR ADJUSTMENT
The recognition of goods donated to the food bank as donations and charitable expenditure when distributed has had the following effect on the comparative figures:
Gifts and donations during the year to 31 August 2020 has been revised to £236,197 from £137,097. Charitable activities during the year to 31 August 2020 has been revised to £308,148 from £209,048.
Resulting in reserves carried forward at 31 August 2020 increasing by £Nil.
13. FOODBANK DONATIONS
Foodbank donations included within Gifts and donations and also Charitable activities during the year is £152,560 (2020-£99,100).
This has been calculated based on 82,464 kg (2020-53,567kg) of food distributed during the year estimated at a fair value of £1.85 per kg.
14. TANGIBLE FIXED ASSETS
| 14. | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| and | Motor | Computer | |||
| fittings | vehicles | equipment | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 September 2020 | 3,892 | 3,800 | 5,033 | 12,725 | |
| Additions | 6,108 | - | 599 | 6,707 | |
| Disposals | (1,252) | (3,800) | (1,976) | (7,028) | |
| At 31 August 2021 | 8,748 | - | 3,656 | 12,404 | |
| DEPRECIATION | |||||
| At 1 September 2020 | 2,453 | 3,490 | 4,906 | 10,849 | |
| Charge for year | 718 | - | 102 | 820 | |
| Eliminated on disposal | (1,161) | (3,490) | (1,864) | (6,515) | |
| At 31 August 2021 | 2,010 | - | 3,144 | 5,154 | |
| NET BOOK VALUE | |||||
| At 31 August 2021 | 6,738 | - | 512 | 7,250 | |
| At 31 August 2020 | 1,439 | 310 | 127 | 1,876 | |
| 15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.8.21 | 31.8.20 | ||||
| £ | £ | ||||
| Trade debtors | 37,844 | 9,972 | |||
| Other debtors | 21,531 | 2,188 | |||
| 59,375 | 12,160 |
Page 14
ACTS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.8.21 | 31.8.20 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 12,690 | 11,097 |
| Social security and other taxes | 2,409 | 1,387 |
| Other creditors | 5,063 | 2,862 |
| Credit card | 2,545 | 3,929 |
| 22,707 | 19,275 |
17. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Other restricted funds Food Bank Restore Energize Mental health promotion Crisis Cafe Essentials TOTAL FUNDS |
At 1.9.20 £ 147,054 300 10,715 2,440 8,289 353 12,979 8,611 43,687 190,741 |
Net movement in funds £ 35,771 (300) 81,526 (684) 6,600 1,064 11,400 - 99,606 135,377 |
Transfers between funds £ 6,707 - (6,707) - - - - - (6,707) - |
At 31.8.21 £ 189,532 - 85,534 1,756 14,889 1,417 24,379 8,611 |
|---|---|---|---|---|
| 136,586 | ||||
| 326,118 |
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 98,735 | (62,964) | 35,771 |
| Restricted funds | |||
| Other restricted funds | - | (300) | (300) |
| Food Bank | 287,911 | (206,385) | 81,526 |
| Restore | 30,468 | (31,152) | (684) |
| Energize | 57,384 | (50,784) | 6,600 |
| Mental health promotion | 4,959 | (3,895) | 1,064 |
| Crisis Cafe | 116,949 | (105,549) | 11,400 |
| 497,671 | (398,065) | 99,606 | |
| TOTAL FUNDS | 596,406 | (461,029) | 135,377 |
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ACTS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.9.19 £ Unrestricted funds General fund 50,809 Restricted funds Other restricted funds 3,591 Food Bank 4,807 Restore - Energize 3,282 Mental health promotion 778 Crisis Cafe - Essentials - 12,458 TOTAL FUNDS 63,267 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 247,224 Restricted funds Other restricted funds - Food Bank 116,864 Restore 10,475 Energize 53,876 Mental health promotion 5,406 NET/Covid funds 9,500 Crisis Cafe 43,438 Essentials 10,000 249,559 TOTAL FUNDS 496,783 |
Net movement At in funds 31.8.20 £ £ 96,245 147,054 (3,291) 300 5,908 10,715 2,440 2,440 5,007 8,289 (425) 353 12,979 12,979 8,611 8,611 31,229 43,687 127,474 190,741 Resources Movement expended in funds £ £ (150,979) 96,245 (3,291) (3,291) (110,956) 5,908 (8,035) 2,440 (48,869) 5,007 (5,831) (425) (9,500) - (30,459) 12,979 (1,389) 8,611 (218,330) 31,229 (369,309) 127,474 |
|---|---|
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ACTS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Other restricted funds Food Bank Restore Energize Mental health promotion Crisis Cafe Essentials TOTAL FUNDS |
At 1.9.19 £ 50,809 3,591 4,807 - 3,282 778 - - 12,458 63,267 |
Net movement in funds £ 132,016 (3,591) 87,434 1,756 11,607 639 24,379 8,611 130,835 262,851 |
Transfers between funds £ 6,707 - (6,707) - - - - - (6,707) - |
At 31.8.21 £ 189,532 - 85,534 1,756 14,889 1,417 24,379 8,611 |
|---|---|---|---|---|
| 136,586 | ||||
| 326,118 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 345,959 | (213,943) | 132,016 |
| Restricted funds | |||
| Other restricted funds | - | (3,591) | (3,591) |
| Food Bank | 404,775 | (317,341) | 87,434 |
| Restore | 40,943 | (39,187) | 1,756 |
| Energize | 111,260 | (99,653) | 11,607 |
| Mental health promotion | 10,365 | (9,726) | 639 |
| NET/Covid funds | 9,500 | (9,500) | - |
| Crisis Cafe | 160,387 | (136,008) | 24,379 |
| Essentials | 10,000 | (1,389) | 8,611 |
| 747,230 | (616,395) | 130,835 | |
| TOTAL FUNDS | 1,093,189 | (830,338) | 262,851 |
Included within restricted funds are the following:
Restore Programme - Grants received towards the Restore project which works with people aged 16+ supporting them into a life free from poverty. We support people with tangible aid such as food through the Lincoln Foodbank project, but we also provide advice and guidance through our selection of Restore Programme courses, alongside coaching and befriending.
Energize - Grants received towards the Energize project which works with young people aged 11+ providing positive activities across the city to boost self-esteem and raise the aspirations of young people.
Night Light Cafes - Grants received towards providing safe spaces during the late evenings for people to go to when struggling with their mental health. The cafes are run in partnership with local churches and are funded through the NHS Transformation Fund.
Lincoln Community Grocery - Grants received towards the upcoming launch of this new project which provides a low cost alternative to food banks utilising food that would have otherwise gone to waste.
Page 17
ACTS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
17. MOVEMENT IN FUNDS - continued
Transfers between funds
Transfers into the general fund are in relation to assets that have been purchased from restricted income where the restrictions have been met.
18. RELATED PARTY DISCLOSURES
Total donations from Trustees during the year amounted to £360 (2020 - £11,880).
Donations were received in during the year of £54,000 from Alive Church Lincoln (2020 - £29,950).
Page 18