## ## ## ## ||||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| ## ##