2021-03-31-accounts - Saltbox

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Report ofthe Trustees		1	to	11
Report ofthe Independent Auditors		12	to	14
Statement ofFinancial	Activities	15	to	16
Statement of Financial	Position		17
Statement ofCash Flows			18
Notes to the Statement	ofCash Flows		19
Notes to the Financial	Statements	20	to	33

							31.3.21	31.3.20
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes	E	E		E
INCOME AND	ENDOWMENTS			FROM
Donations and	legacies							3,211
Charitable activities
Celebrate						4,501	4,501	3,012
Carelink CCG						107,216	107,216	123,228
Spiritual Development						26,843	26,843	57,623
Money Matters	-	NPower/Fuel		Bank
Foundation						32,513	32,513	31,304
Money Matters	-STW					10,734	10,734
Money Matters	- NLCF COVID			Support
Grant						33,348	33,348
Restart					1,415,828	1,737	1,417,565	1,280,855
MHCLG Homeless Link						45,000	45,000
Ixion BBO						20,081	20,081	23,094
Awards for All								3,679
Carelink Building		Connections				40,310	40,310	50,116
BLFReaching	Communities					84,245	84,245	92,789
CIVICPB								2,951
Bemersley House		Investment						50,471
COVID Grants						14,028	14,028
Charles Hayward		Foundation				6,445	6,445
Barclays 100xE100k						41,819	41,819
Other trading activities								4,085
Other income					2,078		2,078	487
Total					1,417,906	468,820	1,886,726	1,726,905
EXPENDITURE ON
Charitable activities
Celebrate						4,501	4,501	3,012
Carelink CCG						107,783	107,783	112,329
Spiritual Development						43,478	43,478	59,820
Money Matters	- NPower/Fuel		Bank
Foundation						34,514	34,514	31,056
Money Matters	- STW					9,382	9,382
Money Matters	- NLCF COVID			Support
Grant						30,318	30,318
Restart					971,940	1,737	973,677	965,618
MHCLG Homeless		Link				45,000	45,000
Ixion BBO						17,911	17,911	20,262
Awards for All								3,679
BLFReaching	Communities					84,245	84,245	92,789
Carelink BLF						38,881	38,881	48,749
Mercia Mission								3,565
CIVICPB								3,036
Bemersley House		Investment						3,284
COVID Grants						14,028	14,028
Charles Hayward		Foundation				6,445	6,445
			The notes form part ofthese financial			statements

							31.3.21	31.3.20
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes	E	E	E	E
Barclays 100xF100k						41,819	41,819
Other					326,030		326,030	262,482
Total					1,297,970	480,042	1,778,012	1,609,681
NET INCOME/(EXPENDITURE)					119,936	(11,222)	108,714	117,224
Impairment of	Bemersley		House	8	(210,912)	(47,187)	(258,099)
Transfers between		funds		21 ~10,973)		10,973
Net movement	in funds				(101,949)	(47,436)	(149,385)	117,224
RECONCILIATION		OF FUNDS
Total funds brought		forward			375,212	47,075	422,287	305,063
TOTAL FUNDS	CARRIED		FORWARD		273,263	~361)	272,902	422,287

			31.3.21	31.3.20
		Notes		F
FIXEDASSETS
Tangible assets		13	664,355	129,377
CURRENT ASSETS
Debtors		14	74,125	18,677
Cash at bank and	in hand		403,843	517,414
			477,968	536,091
CREDITORS
Amounts falling due within one year		15	(387,855)	(243,181)
NET CURRENT ASSETS			90,113	292,910
TOTAL ASSETS	LESSCURRENT
LIABILITIES			754,468	422,287
CREDITORS
Amounts falling due after more than one		year 16	(481,566)
NET ASSETS			272,902	422,287
FUNDS		21
Unrestricted funds Restricted funds			273,263 ~361i	375,212 47,075
TOTAL FUNDS			272,902	422,287

				31.3.21	31.3.20
			Notes
Cash flows from operating		activities
Cash generated from operations				192,940	276,960
Interest paid				~14,906)
Net cash provided by operating activities				178,034	276,960
Cash flows from investing		activities
Purchase oftangible fixed assets				(825,538)	(149,238)
Sale oftangible fixed assets					3,169
Net cash used in investing	activities			~825,538)	)146,069)
Cash flows from financing		activities
New loans in year				557,500
Loan repayments in year				~23,567)
Net cash provided by financing activities				533,933
Change in cash and cash		equivalents
in the reporting period				(113,571)	130,891
Cash and cash equivalents		at the
beginning ofthe reporting		period		517,414	386,523
Cash and cash equivalents		at the end
ofthe reporting period				403,843	517,414

RECONCILIATION	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	TO NET CASH FLOW FROM	OPERATING
ACTIVITIES
					31.3.21	31.3.20
					E	E
Net (expenditure)/income			for the reporting	period (as	per the
Statement of Financial			Activities)		(149,385)	117,224
Adjustments for:
Depreciation charges					32,461	39,226
Profit on disposal of	fixed		assets			(3,169)
Interest paid					14,906
Impairment offreehold		property			258,099
(Increase)/decrease	in	debtors			(55,448)	4,868
Increase in creditors					92,307	118,811
Net cash provided	by	operations			192,940	276,960

ANALYSIS OF C	HAN	GES IN NET FUNDS/(	DEBT)
			At 1.4.20	Cash flow	At 31.3.21
			E		F
Net cash
Cash at bank and	in hand		517,414	(113,571)	403,843
			517,414	~113,571)	403,843
Debt
Debts falling due	within	1 year		(52,367)	(52,367)
Debts falling due	after	1 year		(481,566)	(481,566)
				(533,933)	(533,933)
Total			517,414	(647,504)	(130,090)

Depreciat estimated	ion is provided useful life	at the following annual	at the following annual
Freehold	property	Not depreciated
Fixtures	and fittings	25% straight	line
Motor vehicles		25% straight	line
Computer	equipment	25% straight	line

3.	DONATIONS	AND	LEGACIES
				31.3.21	31.3.20
	Gift aid				3,211
4.	OTHER TRADING		ACTIVITIES
				31.3.21	31.3.20
					E
	Mercia Mission	income			4,085
5.	INCOME FROM CHARITABLE ACTIVITIES
				31.3.21	31.3.20
					E
	Celebrate			4,501	3,012
	Carelink CCG			107,216	123,228
	Spirtual development			26,843	57,623
	Money matters-
	Npower/Fuelbank			32,513	31,304
	Money Matters	—STW		10,734
	Money Matters	—NLCF
	COVID Support	Grant		33,348
	Restart			1,415,828	1,280,855
	Restart Chaplaincy			1,737
	MHCLG Homeless		Link	45,000
	IXION BBO			20,081	23,094
	Awards for all				3,679
	Carelink Building
	Connections			40,310	50,116
	BLFReaching
	Communities			84,245	92,789
	CIVICPB				2,951
	Bemersley House
	Investment				50,471
	COVID Grants			14,028
	Charles Hayward			6,445
	Foundation
	Barlcays 100xE100k			41,819
				1,884,648	1,719,122

				Direct
				Costs	Totals
					F
Celebrate				4,501	4,501
Carelink CCG				107,783	107,783
Spiritual Development				43,478	43,478
Money Matters	—NPower/Fuel		Bank
Foundation				34,514	34,514
Money Matters	-STW			9,382	9,382
Money Matters	—NLCF COVID
Support Grant				30,318	30,318
Restart				973,677	973,677
MHCLG Homeless		Link		45,000	45,000
Ixion BBO				17,911	17,911
BLF Reaching	Communities			84,245	84,245
Carelink BLF				38,881	38,881
COVID Grants				14,028	14,028
Charles Hayward		Foundation		6,445	6,445
Barclays 100xE100k				41,819	41,819
				1,451,982	1,451,982

SUPPORT C	OST	S	S	S
		Management			Finance	Governance	costs	Totals
			F			E
Other resources
expended			312,313		2,186	11,531		326,030
			312,313		2,186	11,531		326,030
Support costs	are	allocated to	charitable	activities, as follows
						31.3.21		31.3.20
BLFReaching	Communities						18,689	15,527
Carelink Building		Connections					11,319	10,192
Carelink CCG							42,062	36,053
Ixion BBO							7,617	8,136
Money Matters	- Npower/Fuelbank						12,742	11,120
Money Matters	- NLCF COVID		Support Grant				11,338
Money Matters	-STW						3,413
Restart						180,282		159,827
MHCLG Homeless		Link					6,164
Barclays - 100xF100k							9,496
Charles Hayward		Foundation					2,799
Spiritual Development							20,108	21,627
Totals						326,030		262,482

Support cost	s, i	nclu	ded	in the above, a	re as follows:
						31.3.21	31.3.20
					Other
					resources	Total	Total
					expended	activities	activities
					E	E	E
Wages					193,684	193,684	175,749
Pensions					3,881	3,881	3,026
Other operating		leases			1,691	1,691	1,847
Rates and water					1,343	1,343	2,573
Insurance					3,190	3,190	2,713
Light and heat					9,570	9,570	7,557
Telephone					13,441	13,441	10,657
Postage and	stationery				2,125	2,125	2,560
Sundries					7,442	7,442	9,549
Rent					1,760	1,760
Repairs and	renewals				52,071	52,071	14,157
Bad debts							768
Travel costs					1,173	1,173	1,678
Depreciation	oftangible			and heritage
assets					6,036	6,036
Interest payable		and	similar charges		14,906	14,906
Bank charges					2,186	2,186	1,533
Auditors' remuneration					3,335	3,335	3,320
Accountancy	and legal fees				8,196	8,196	24,795
					326,030	326,030	262,482
NET INCOME/(EXPENDITURE)
Net income/(expenditure)				is stated after	charging/(crediting):
						31.3.21	31.3.20
Depreciation	-owned		assets			32,461	39,226
Other operating		leases				1,691	1,847
Surplus on disposal			of fixed assets				(3,169)
Impairment of Bemersley House						258,099

					31.3.21	31.3.20
Fees payable		to the charity's	auditors	for the audit ofthe charity's
financial	statements				3,335	3,320

STAFF COSTS
	31.3.21	31.3.20
	E	E
Wages and salaries	193,684	175,749
Other pension costs	3,881	3,026
	197,565	178,775

The average monthly number ofemployees	during the year was as follows:
	31.3.21	31.3.20
Employees	38	35
Trustees	6	6
	44	41

COMPARATIVES FOR THE	COMPARATIVES FOR THE	COMPARATIVES FOR THE	STATEMENT OF FINANCIAL	STATEMENT OF FINANCIAL	ACTIVITIES
					Unrestricted	Restricted	Total
					fund	fund	funds
					E
INCOME AND		ENDOWMENTS		FROM
Donations and		legacies			3,211		3,211
Charitable activities
Celebrate						3,012	3,012
Carelink CCG						123,228	123,228
Spiritual Development						57,623	57,623
Money Matters		- NPower/Fuel		Bank
Foundation						31,304	31,304
Restart					1,257,192	23,663	1,280,855
Ixion BBO						23,094	23,094
Awards for All						3,679	3,679
Carelink Building Connections						50,116	50,116
BLFReaching		Communities				92,789	92,789
CIVICPB					2,951		2,951
Bemersley House Investment						50,471	50,471
Other trading	activities					4,086	4,086
Other income					486		486
Total					1,263,840	463,065	1,726,905
EXPENDITURE ON
Charitable activities
Celebrate						3,012	3,012
Carelink CCG						112,329	112,329
Spiritual Development						59,820	59,820
Money Matters		- NPower/Fuel	Bank
Foundation						31,056	31,056
Restart					945,651	19,967	965,618
ixion BBO						20,262	20,262
Awards for All						3,679	3,679
BLF Reaching		Communities				92,789	92,789
Carelink BLF						48,749	48,749
Mercia Mission						3,565	3,565
CIVICPB					3,036		3,036
Bemersley House Investment						3,284	3,284
Other					262,482		262,482
Total					1,211,169	398,512	1,609,681
NET INCOME					52,671	64,553	117,224
Transfers between funds					19,985	~19,985)
Net movement		in funds			72,656	44,568	117,224

12.	COMPARATIVES	FOR	FOR	THE	STATEMENT	OF FINANCIAL	ACTIVITIES - continued	ACTIVITIES - continued
							Unrestricted	Restricted	Total
							fund	fund	funds
								E	E
	RECONCILIATION	OF		FUNDS
	Total funds brought		forward				302,556	2,507	305,063
	TOTAL FUNDS CARRIED FORWARD						375,212	47,075	422,287
13.	TANGIBLE FIXED	ASSETS
						Fixtures
					Freehold	and	Motor	Computer
					property	fittings E	vehicles F	equipment f	Totals
	COST
	At 1 April 2020				125,149	99,113	30,585	14,252	269,099
	Additions				742,950	72,256		10,332	825,538
	Disposals					(97,876)			(97,876)
	Impairments				~258,099)				(258,099)
	At 31 March 2021				610,000	73,493	30,585	24,584	738,662
	DEPRECIATION
	At 1 April 2020					98,185	27,285	14,252	139,722
	Charge for year					28,778	1,100	2,583	32,461
	Eliminated on disposal					~97,876)			~97,876)
	At 31 March 2021					29,087	28,385	16,835	74,307
	NET BOOK VALUE
	At 31 March 2021				610,000	44,406	2,200	7,749	664,355
	At 31 March 2020				125,149	928	3,300		129,377
14.	DEBTORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
								31.3.21	31.3.20
	Trade debtors							58,370	4,035
	Prepayments and accrued income							15,755	14,642
								74,125.	18,677


CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
			31.3.21	31.3.20
Other loans (see note	17)		52,367
Trade creditors			14,182	9,967
Other creditors			17,834	13,766
Accruals and deferred	income		303,472	219,448
			387,855	243,181

		31.3.21	31.3.20
	Other loans (see note 17)	481,566
17.	LOANS
	An analysis ofthe maturity of loans is given below:
		31.3.21	31.3.20
	Amounts falling due within one year on demand:
	Otherloans	52,367
	Amounts falling between one and two years:
	Other loans - 1-2years	54,274
	Amounts falling due between two and five years:
	Other loans - 2-5 years	150,715
	Amounts falling due in more than five years:
	Repayable by instalments:
	Other loans more 5yrs instalments	276,577
	The company has the following loans:

Minimum lease payments under non-canc	ellable operating leases	fall due as follows:
		31.3.21	31.3.20
Within one year		528	20,316
Between one and five years		2,112
		2,640	20,316
SECURED DEBTS
The following secured debts are included	within creditors:
		31.3.21	31.3.20
		E
Other loans		533,933

ANALY	SIS OF NET ASSETS B	ETWEEN FUNDS
				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
		F		F
Fixed assets		664,355		664,355	129,377
Current	assets	239,571	238,397	477,968	536,091
Current	liabilities	(149,097)	(238,758)	(387,855)	(243,181)
Long term liabilities		~481,566)		(481,566)
		273,263	~361)	272,902	422,287

MOVEMENT	IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.4.20	in funds	funds	31.3.21
				E
Unrestricted	funds
General fund			375,212	(90,976)	(10,973)	273,263
Restricted funds
Restricted Funds			47,075	(58,409)	10,973	(361)
TOTAL FUNDS			422,287	(149,385)		272,902
Net movement	in funds,	included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
					E
Unrestricted	funds
General fund				1,417,906	(1,508,882)	(90,976)
Restricted funds
Restricted Funds				468,820	(527,229)	(58,409)
TOTAL FUNDS				1,886,726	~2,036,111)	~149,385)

					Net	Transfers
					movement	between	At
				At 1.4.19	in funds	funds	31.3.20
					E
Unrestricted			funds
General	fund			302,556	52,671	19,985	375,212
Restricted		funds
Restricted		Funds		2,507	64,553	(19,985)	47,075
TOTAL	FUNDS			305,063	117,224		422,287

Comparative net movement in funds, in	cluded in the above are as follow	s:
	Incoming	Resources	Movement
	resources	expended	in funds
	E
Unrestricted funds
General fund	1,263,840	(1,211,169)	52,671
Restricted funds
Restricted Funds	463,065	(398,512)	64,553
TOTAL FUNDS	1,726,905	~1,609,661)	117,224

A current	year	12 months	year 12 months combined	year 12 months combined	position	is as follows:
					Net	Transfers
					movement	between	At
			At 1.4.19		in funds	funds	31.3.21
					E	E
Unrestricted		funds
General fund			302,556		(38,305)	9,012	273,263
Restricted	funds
Restricted	Funds		2,507		6,144	(9,012)	(361)
TOTAL FUNDS			305,063	~32,161)			272,902

A current year 12 months and prior yea above are as follows:	r 12 months combined net move	ment in funds,	included in th
	Incoming	Resources	Movement
	resources	expended	in funds
	E
Unrestricted funds
General fund	2,681,746	(2,720,051)	(38,305)
Restricted funds
Restricted Funds	931,885	(925,741)	6,144
TOTAL FUNDS	3,613,631	~3,645,792)	~32,161)