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|legal and Administrative|Information|
|---|---|
|Report ofthe Trustees||
|Independent
Examiner's|Report|
|Statement ofFinancial Activities||
|Balance Sheet||
|Statement ofCash Flows||
|Notes to the Financial Statements||
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|Senior Management|Team:|Aimi McCaffery||
|---|---|---|---|
|||Jo Heldreich||
|Registered Office:||Unit 15||
|||30Meadow Lane||
|||Loughborough||
|||LE111JY||
|Accountants:||Smith Cooper||
|||2 Lace Market Square||
|||Nottingha
m||
|||NG1 1PB||
|Bankers.||HSBC||
|||4 Market Place||
|||Loughborough||
|||LE113EJ||
|Solicitors:||Bray and Bray||
|||36-42 Humberstone|Road|
|||Leicester||
|||LE5 OAE||
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||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted||||
||||Funds|Restricted|Total|Totai|
|||Note|General
E|Funds|Fundsf|Funds
E|
|Income from:|||||||
|Donations
and legacies||2|179,738|20$,540|388,278|$57,433|
|Charitable
activities||3||||46,581|
|Investments||||||6|
|Total incoming resources|||179,738|208,540|388,278|904,020|
|Expenditure
on:|||||||
|Charitable
Activities||||208,054|208,054|937,078|
|Total expenditure||||208,054|208,054|937,078|
|Net Income/(expenditure)|||179,738|486|180,224|(33,058)|
|Transfers between|funds||486|(486)|||
|Net movement
in funds|||180,224||180,224|(33,058)|
|Recondlllation
offunds:|||||||
|Total funds bought|forward||(19,386)||(19,386)|13,672|
|Total funds carried|forward||160,838||160,838|(19,3$6)|
|OR THE YEAR ENDED 31|MARCH 2|021||||
|---|---|---|---|---|---|
||||Notes|2021|2020|
|||||f|f|
|Cash flows from operating|activities:|||||
|Net cash provided
by (used in) operating||||||
|activities|||17|125,999|(42,083)|
|Cash flows from Investing|activities:|||||
|Returns on investments||||||
|Interest income|||||6|
|Purchase oftangible fixed|assets|||(3,144)|(214)|
|Net cash provided
by (used in) investing||||||
|activities||||(3,144)|(208)|
|Cash flows from flnandng|activities:|||||
|Cash inflows from new borrowing||||||
|Net cash provided
by (used in) flnandng||||||
|activities||||||
|Change In cash and cash equivalents||In the||||
|reporting
period||||122,BSS|(42,291)|
|Cash and cash equivalents|atthe beginning of|||||
|the reporting
period||||79,851|122,142|
|Cash and cash equivalents|at the end|ofthe||||
|reporting
period||||202,706|79,$51|
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||2021
f|2020f|
|---|---|---|
|Donations|25,616|283,243|
|Legacies|||
|Grants|362,662|574,190|
||388,278|857,433|
|Income from donations
and grants was E388278(2020:f857433)ofwhi
(2020:f399,144)and f208,540was restricted (2020:f458,289).|ch f179738was unrestricted|
|---|---|
|3
INCOME FROM CHARITABLE ACTIVITES||
|Post 16Study Programme|45,741|
|PCC Commissioning||
|Other Income|840|
||46,581|
|Post165tudyProgramme||222,876|
|---|---|---|
|Mentoring|||
|Love4 Life|87,949|93,978|
|Support|120,105|620,224|
||208'054|937,078|
|||||2021|2020|
|---|---|---|---|---|---|
|||||E|f|
|Staff costs||||76,254|438,207|
|Premises costs||||18,450|79,561|
|Governance|costs|||2,154|2,305|
|ITand communication||costs||8,343|17,815|
|General administration|||expenses|2,623|32,459|
|Professionalfees
and||insurance||5,613|20,884|
|Depreciation||||3,603|11,948|
|Profit/(loss)|on sale of||fixed assets|2,730|11,657|
|Other||||335|5,387|
|||||120105|620,223|
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NETINCOMING/(OUTGOING)RESOURCES||||||
|Auditors'
remuneration||||||
|Independent|examiners'||remuneration|1,380|2,154|
|Depreciation|-owned|assets||3,603|11,947|
|Lease costs||||11,598|42,877|
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|OOD 20:20
O THE FINANCIAL STATEMENTS
YEAR ENDED 31MARCH 2021
AFFCOSTS|||
|---|---|---|
||Total|Total|
||2021|2020|
||E|E|
|Wages and Salaries|132,715|586,689|
|Social Security Costs|6,009|45,221|
|Pension|2,817|20,611|
||141,541|652,521|
|The average|monthly|monthly|number of|employees|during the year was as follows:|||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||||2021|2020|
|Charitable|Activities|||||4|9|
|Management||and Administration||ofthe Charity||1|2|
|||||||5|11|
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||Ofgce|Computers|Total|
|---|---|---|---|
||Equipment|Equipment||
||E|E||
|Cost||||
|At 1*' April 2020|3,300|9,713|13,013|
|Additions
in year||3,144|3,144|
|Disposals
in year|(1,988)|(9,584)|(11,572)|
||1,312|3.273|4,585|
|Depreciation||||
|At 1" April 2020|1,879|4,522|6,401|
|Charged
in year|355|3,249|3,603|
|Released on disposal|(1,476)|(7,365)|(8,841)|
|At 31" March 2021|758|405|1,163|
|Net book value||||
|At 31" March 2021|554|2,868|3,422|
|At 31" March 2020|1,421|5,191|6,612|
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
|||Trade debtors|||||660|1,560|
|||Other debtors and prepayments|||||583|5 658|
||||||||1243|7218|
||11|CREDITORS: AMOUNTS||||FALLING DUE WITHIN ONE YEAR|||
||||||||2021|2020|
||||||||f|E|
|||Loans and overdrafts|||||||
|||Trade creditors|||||6,344|13,758|
|||Grants received|in advance||||37,583|80,449|
|||Accruals|||||2,606|18,860|
||||||||46533|113067|
|||Included
within|creditors|||isf37,583ofdeferred income relating to grants received||in advan|
|||The movement|can be||analysed||as follows:||
|||||||||Total|
|||||||||2021|
|||||||||f|
|||Balance b/fwd||||||80,449|
|||Additions
in the year||||||176,294|
|||Released
in the||year|||(219,160)||
|||Balance c/fwd||||||37,583|
|12||CREDITORS:AMOUNTS|||FALLING||DUE AFTER MORE THAN ONE YEAR||
||||||||Total|Total|
||||||||2021|2020|
||||||||f|f|
|||Grants
in advance|||||||
||Totai|Total|
|---|---|---|
||2021
E|2020f|
|Expiry date|||
|Less than one year||7,420|
|One to five years|||
|More than five years|||
|||7,420|
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|||At||||At|
|---|---|---|---|---|---|---|
|||1April||||31March|
|||2020|Income|Expenditure|Transfers|2021|
|||E|E|E|E|E|
|Unrestricted|Funds||||||
|General reserve||(19,386)|179,738||486|160,838|
|Restricted Funds|||||||
|Restricted reserve|||208,540|(208,054)|(486)||
|||(19,386)|388,278|(208,054)||160,838|
||||Unrestricted|Restricted||
|---|---|---|---|---|---|
||||Funds|Funds|Totals|
||||E|E|E|
||Fund balances at31March 2021are|||||
||represented
by:|||||
||Tangible
Fixed Assets||3,422||3,422|
||Current Assets||166,366|37,583|203,949|
||Current
Liabilities||(8,950)|(37,583)|(46,533)|
||||160,838||160,838|
|16|CONTROL RELATIONSHIPS|||||
||The charity
is controlled||by the Board ofTrustees|||
|17|RECONCILIATION|OF NET MOVEMENTS IN FUNDS TO NET CASH FLOW FRONI OPERATING||||
||ACllVITIES|||||
|||||Total|Total|
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
|Net movement
in funds||||180,224|(33,058)|
|Depreciation
charge||||3,603|11,947|
|(Profit)/loss
on sale|oFassets|||2,730|11,657|
|Interest income shown
in||investing|activities||(6)|
|Decrease (increase)|in debtors|||5,976|52,573|
|Increase (decrease)|in creditors|||(66,534)|(85,195)|
|Net cash used in operating||activities||125,999|(42,083)|