| Page | |||
|---|---|---|---|
| Directors' and Trustees' |
Report | 2 —6 | |
| Independent Auditor's |
Report | 7 —8 | |
| Statement ofFinancial | Activities | ||
| Balance Sheet | 10 | ||
| Statement ofCash Flows | |||
| Notes to the Accounts | 12 —19 |
| Unrestricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | 2020 | 2019 | ||||
| 6 | 6 | 6 | ||||||
| Income | ||||||||
| Grants, donations | and legacies | 2 | 570,409 | 369,401 | 939,810 | 146,872 | ||
| Income from other | trading | activities | 3 | 1,394,228 | 1,394,228 | 2,437,634 | ||
| Investment income |
196 | 196 | 423 | |||||
| Other income | 9,024 | 9,024 | ||||||
| Total Income | 1 973857 | 369 401 | 2 343258 | 2 584 929 | ||||
| Expenditure | ||||||||
| Cost of raising funds | 5 | 1,884,419 | 369,401 | 2,253,820 | 2,440,380 | |||
| Expenditure on charitable |
activities | 5 | 1,500 | 1,500 | 55,950 | |||
| Total expenditure | 1 885919 | 369 401 | 2 25~ 320 | 2 496 330 | ||||
| Net income/(expenditure) | and net movement | |||||||
| in funds for the year | 87,938 | 87,938 | 88,599 | |||||
| Reconciliation offunds |
||||||||
| Total funds, brought |
forward | 404,454 | 404,454 | 315,855 | ||||
| Total funds, carried | forward | 492,392 | 492,392 | 404,454 |
| Holea | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|
| E | ||||||
| Fitted aeaola |
||||||
| Tanftlbfe II4ad aaeets |
139,033 | 14I,934 | ||||
| Current asaeta | ||||||
| Itobtora Cash at bans and in hand |
12 | f51,7 I 1 2684351 |
f3I,303 285,38I |
|||
| Liabilities | 420,092' | 3984684 | ||||
| CredilOra fatfirtff due Wlpun Ona year |
13 | (88,733) | (134,I44) | |||
| teat cuttent aasetb | 353 358li | 282,520 | ||||
| Nel assets | 488.888 | .484484 | ||||
| The ftlnda Of the charity |
||||||
| Unrestricted funds Raatricied funda |
492,392 | 404.454' | ||||
| Total charity funda | ~484,4 |
| Notes | 2020f | 2019f | |||
|---|---|---|---|---|---|
| Cash used in operating activities |
17 | 47677 | 75,962 | ||
| Cash flows from investing activities |
|||||
| Interest income | 196 | 423 | |||
| Purchase of tangible fixed assets |
(49,471) | (54,078) | |||
| Proceeds from sale of fixed asset | 4,618 | ||||
| Cash provided by / (used In) Investing |
activities | ~44 657 | ~53655 | ||
| Cash flows from financing activities |
|||||
| Repayment of borrowing Cash inflowe from new borrowings |
(29,627) | ||||
| interest on borrowing | 1,823 | ||||
| Cash used In financing activities |
27 804 | ||||
| Increase / (decrease) in cash &cash equivalents |
in the year | 3020 | ~5497 | ||
| Cash &cash equivalents at the beginning |
ofthe | year | 265,362 | 270,859 | |
| Total cash &cash equivalents at the end ofthe year |
265 362 | 265,362 |
| Unrestricted Restricted 6 f |
Unrestricted Restricted 6 f |
Unrestricted Restricted 6 f |
2020 f |
2019 6 |
|||
|---|---|---|---|---|---|---|---|
| Individual | donations | 4,185 | 4,185 | 4,283 | |||
| Government | grants | 484,241 | 369,401 | 853,642 | |||
| Grants | 10,806 | 10,806 | |||||
| Legacies | 2,241 | 2,241 | |||||
| Gift aid | 68,936 | 68,936 | 142,589 | ||||
| 970409 | 369,401 | 939,810 | 146,872 | ||||
| The donations | and legacies | in 2019totalling f146,872 were all attributed | to unrestricted | funds. | |||
| INCOME | FROM OTHER TRADING ACTIVITIES | ||||||
| Unrestricted | 2020 | 2019 | |||||
| 8 | 6 | 6 | |||||
| Trading | income: | ||||||
| Turnover | from | donated goods 1,394,228 |
1,394,228 | 2,437,634 | |||
| 1.394228 | 1,394228 | 2437634 |
| Unrestricted | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|
| 6 | 8 | E | ||||
| Interest | on | cash | deposits | 196 | 196 | 423 |
| 196 | 196 | 423 |
| ANALYSIS OF EXPENDITURE ON CHARITABL | E ACTIVITIES | |||
|---|---|---|---|---|
| Charity | ||||
| shops | Donations | 2020 | 2019 | |
| 6 | 6 | 6 | ||
| Staff costs Shop costs Fund raising costs Charitable donations (see note 7) Governance costs (see note 6) Support costs (see note 6) |
945,499 659,281 5,600 643,440 |
1,500 | 945,499 659,281 1,500 5,600 643,440 |
1,059,602 672,660 2,056 55,950 9,400 696,662 |
| and the analysis ofsup | port costs and governance c |
osts. | |||
|---|---|---|---|---|---|
| General | |||||
| Support f |
Governance 6 2020f |
2019 E |
|||
| Premises Warehouse salaries General and office finance costs |
69,339 25,478 366,876 |
69,339 25,478 366,876 |
79,633 24,429 346,343 |
||
| Communications | 30,514 | 30,514 | 40,562 | ||
| Travelling | 27,636 | 27,636 | 23,876 | ||
| Information technology EPOS system running Legal and professional |
costs fees |
41,244 246 17,358 |
41,244 246 17,358 |
42,289 1,269 29,774 |
|
| Depreciation Bank and credit card charges Audit fees |
47,755 16,995 5,600 ~rrra~ 47,755 16,995 5,600 |
84,450 27,787 5,650 /087iV |
|||
| CHARITABLE DONATIONS | |||||
| Unrestricted 6 2020 6 |
2019f | ||||
| Charitable purpose: |
|||||
| Community Education Elderly Welfare Environmental Medical Welfare |
500 1,000 500 1,000 |
11,750 9,500 3,000 1,000 4,000 21,700 |
|||
| Youth | 5,000 | ||||
| 1 | 500 1 5tjO |
55,950 | |||
| NET INCOMING RESOURCES | |||||
| Net incoming resources |
are shown after charging: | 2020 | 2019 | ||
| 6 | 6 | ||||
| Depreciation oftangible Operating leases —rent Auditor's remuneration |
fixed assets | 47,755 505,531 5,650 |
84,450 489,722 5650 |
||
| ANALYSIS OF STAFF |
COSTS, TRUSTEES REMUNERATION AND |
EXPENSES, AND COST OF KEY |
|||
| MANAGEMENT PERSONNEL |
|||||
| STAFF COSTS | 2020 | 2019 | |||
| E | f | ||||
| Salaries and wages | 1,244,694 | 1,307,149 | |||
| Social security costs | 74,619 | 85,481 | |||
| Pension costs | 17,740 | 16,558 | |||
| 1,337,053 | 1,409,188 |
| Direct charitable work Administrative work |
Direct charitable work Administrative work |
50 8 53 8 |
50 8 53 8 |
||
|---|---|---|---|---|---|
| In addition, a great amount of time, the value of which it |
is impossible to reflect |
in these financial statements, |
is | ||
| donated by approximately 110volunteers. |
|||||
| TANGIBLE FIXEDASSETS | |||||
| NET BOOK VALUES | 2020f | 2019f | |||
| Short term lease and improvements | 54,672 | 49,696 | |||
| Fixtures, fittings and equipment EPOS System |
72,162 | 59,419 | |||
| Warehouse fixture and fittings Warehouse improvements Salford fixture and fittings Salford improvements |
2,590 | 9,905 5,479 4,618 |
|||
| Burnt Oak fixture and fittings Burnt Oak improvements |
8,919 692 |
10,223 2,594 |
|||
| 139,033 | 141934 | ||||
| Cost or valuation | Opening | Closing | |||
| Balancesf | Additionsf | Dlsposalsf | Balancesf | ||
| Short term lease and improvements | 125,402 | 17,516 | 142,918 | ||
| Fixtures, fittings and equipment EPOS System Warehouse fixture and fittings Warehouse improvements Salford fixture and fittings Salford improvements Burnt Oak fixture and fittings Burnt Oak improvements |
251,450 109,327 22,013 47,828 7,068 30,826 11,413 3,632 608,959 |
30,783 1,173 (4,618) 49 471 ~4,618 |
282,233 109,327 23,186 47,828 2,450 30,826 11,413 3,632 653812 |
||
| Depreciation | Opening | Charge | Closing | ||
| Balancesf | For Yearf | Dlsposalsf | Balancesf | ||
| Short term lease and improvements | 75,706 | 12,540 | 88,246 | ||
| Fixtures, fittings and equipment EPOS System Warehouse fixture and fittings Warehouse improvements Salford fixture and fittings |
192,031 109,327 12,108 42,349 2,450 |
18,040 8,488 5,479 |
210,071 109,327 20,596 47,828 2,450 |
||
| Salford improvements Burnt Oak fixture and fittings Burnt Oak improvements |
30,826 1,190 1,038 |
1,304 1,902 |
30,826 2,494 2,940 |
||
| 467 825 | 47 754 | 514779 | |||
| The net book value oftangible fixed assets includes fnil (2019 —f5,915) in respect |
ofassets held | under finance | |||
| leases or hire purchase contracts. The depreciation charge f22,168)for the year. |
in respect of such assets amounted | to 6nil (2019— |
| DEBTORS | ||
|---|---|---|
| 2020 | 2019 | |
| 8 | E | |
| Trade debtors | 10,742 | 8,426 |
| Sundry debtors and prepayments | 108,990 | 81,052 |
| Taxation | 31,979 | 41,825 |
| 151,711 | 131303 |
| CREDITORS: | amounts falling due within one year |
||
|---|---|---|---|
| 2020 | 2019 | ||
| 8 | |||
| Net obligation | under finance lease agreement | 7,876 | |
| Trade creditors | 33,413 | 53,615 | |
| Taxation and social security | 17,724 | 21,495 | |
| Sundry creditors and accruals | 15,596 | 51,158 | |
| 66,733 | 134 144 |
| Balance at | Balance at | ||||
|---|---|---|---|---|---|
| 01.01.2020f | Income | Expenditure 8 |
31.12.2020 8 |
||
| Restricted funds: | |||||
| Furlough grant |
369,401 | 369401 | |||
| Unrestricted funds: |
|||||
| General funds |
404,454 | 1,973,857 | 1,885,919 | 492,392 | |
| Total unrestricted | funds | 404,454 | 1,973,857 | 1,885,919 | 492 392 |
| Total Funds | 404,454 | 2,343,258 | 2,255,320 | 492,392 |
| Analysis of charita |
ble |
funds —p | revio | us year |
||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Balance at | |||||||
| 01.01.2019f | Income f |
Expenditure f |
31.12.2019 f |
|||||
| Unrestricted funds: |
||||||||
| General funds | 315,855 | 2,584,929 | 2,496,330 | 404,454 | ||||
| Tots/ unrestricted | funds | 315,855 | 2,584,929 | 2,496,330 | 404,454 | |||
| Total Funds | 315,855 | 2,584,929 | 2,496,330 | 404,454 | ||||
| Description, nature |
and | purpose | of unrestricted | funds: | ||||
| General fund represents |
funds available | to spend | at the discretion | ofthe Trustees. | ||||
| ANALYSIS OF FUND BALANCES | BETWEEN NET ASSETS | |||||||
| Unrestricted f |
Restricted f |
2020 f |
2019 f |
|||||
| Tangible fixed assets |
139,033 | 139,033 | 141,934 | |||||
| Net current assets | 353,358 | 353,358 | 262,520 | |||||
| 492 392 | 492,392 | 404,454 | ||||||
| Analysis offund balances |
between | net | assets —previous year | |||||
| Unrestricted f |
Restricted f |
2019 f |
2018 f |
|||||
| Tangible fixed assets |
141,934 | 141,934 | 172,306 | |||||
| Net current assets | 262,520 | 262,520 | 151,425 | |||||
| Long term liabilities | (7,876) | |||||||
| 404,454 | 454 454 | 335 955 |
| 2020f | 2019f | |||
|---|---|---|---|---|
| Net movement in funds |
87,938 | 88,599 | ||
| Add back depreciation | 47,755 | 84,450 | ||
| Deduct interest income shown | in investment | activities | (196) | (423) |
| Decrease / (increase) in debtors |
(20,408) | (3,750) | ||
| Increase / (decrease) in creditors |
(67,411) | (92,914) | ||
| Net cash used In operating | activities | 47,677 | 75,962 |
| are shown below, analysed according to the expiry da |
te ofthe leases. | ||
|---|---|---|---|
| 2020 | 2019 | ||
| E | 8 | ||
| Within one year | 23,316 | 28,363 | |
| Between two and five years | 751,211 | 699,008 | |
| After five years | 1,119,133 | 1,286,701 | |
| 1 | 663660 | 2 014072 |