2020-09-30-accounts - Building Futures East Limited

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Reference and Administrative Details	Reference and Administrative Details
Trostees' Report		2to 13
Independent Aoditora'	Report	14to 16
Statement of Financial	Activities
Statement of Financial	Activities	18
Balance Sheet
Statement of Dash Flovrs		20
Notes to the Financial	Statements	21 to 41

Trustees					BShepherd. Company director J0 Stokel-Walker, Company director	BShepherd. Company director J0 Stokel-Walker, Company director	BShepherd. Company director J0 Stokel-Walker, Company director	BShepherd. Company director J0 Stokel-Walker, Company director	BShepherd. Company director J0 Stokel-Walker, Company director
					C. T. Hewitt, Company	director
					C M Sayers, Company	director
					C J R Muir lnot a director of the			charitable			companyi
Secretary					A Woods-Waters
Key Management		Personnel			Anthony Woods-Waters,	Chief Executive
					Heen Holmes, Head of Operations
					Fiona Hall, Curnculum	Quality	8 Performance					Manager
					Reamer Bailey, hleighbourhood			Transformation				Team Manager
					Ciaire Brown, Environmental		IVlainte			nance	Manager
Principal	Office				Low Yard
					White Street
					Walker
					hlewcastle upon Tyne
					NE6 3PJ
Company	Registration			Number	06261491
Charity Registration			hlurnber		1125555
Solicitors					Ward Hadaway
					San dg ate House
					102Quayside
					hlewcastle upon Tyne
					NE1 3DX
Auditor					MHA Tait Walker
					Chartered Accountants	& Statutory			Auditor
					Bulman House
					Regent Centre
					Gosforth
					hlewcastle upon Tyne
					NE3 3LS

Recognised	Gains	and	Losses)
			Unrestricted	Restricted	Total	Total
			funds	funds	2020	2019
		Note	6		r.	6
Income and Endowments		from:
Donatians and legacies		4	59.102	446,886	505,988	253.582
Charitable activities		5	195,304		195,304	220,602
Investment income		6	1
Other income		7				231
Total Inca me			254,407	446,886	70'I,293	474,415
Expenditure on:
Raising funds Charxable activities			(56,089) )145523)	~474934	(56089) ~620457	(45,728) ~511250
Total Expenditure Net income/(expenditure)			~201,612) 52,795	1474,934) ~28 048	1676.546) 24.747	)5556,878 ~82.5631
Net movement in funds			52,795	(2S.048)	24,747	(82,563)
Reconciliation af	fun ds
Total funds brought	forward		~750,840)	28,048	~)32,792	~50,229
Total fundscarned	forward	22	(108.045)		~708,045	~732,792

Recognised	Gains	and Lo	sses)
				Unrestricted	Restricted	Total
				funds	funds	2019
			Note	5	5	r.
income and Endowments		from:
Donations and legacies				20,077	233,505	253,582
Char i tab le acti v it ias				220,602		220,602
Other income				231		231
Total income				240,910	233,505	474,415
Expenditure on:
Raising funds Chante ble activities			8 9	(45,728) ~2BQ,910	~230,340)	(45,728) ~(5i1,250
Total expenditure				~326,B38	230.340	556,978
Net fexpenditure)/income				(85,728)	3,165	82,563
Net movement in funds				(85,728)	3,165	(82,563)
Reconciliation offunds
Total funds brought	forward			~25.1(2)	24,883	50,229
Total funds cerned	forward			~((00„840	28,()48	132,792)

g Balance She	et	as	at 30September 2020
					2D2D	2D19
				Note	6	F
Fixed assets
Tangible assets				16	50405	27,881
Current assets
Debtors				17	121,976	205,548
Cash at bank and	in hand				30777	302
					152.753	205,850
Creditors: Amounts		falling dus within one year		18	~)26,548	~156,388
hist current assets					26.205	49,462
Total assets less	current		liabilities		76,610	77,343
Creditors: Amounts		falling dus after more than one year		19	~184.655	~210,135)
hist liabilities					(108.045f	f132,792)
Funds ofthe charity;
Restricted funds						28,048
Unrestricted income		funds
Unrestricted funds					~)08,045	~)60.840
Total funds				22	~708,045	~)32.792

Building Futures East Limited	Building Futures East Limited
Statement of Cash Flows for the Year		Ended 30	September	2020
			2020	2019
		Note	8	8
Cash flows from operating activities
Net cash income/(expenditure)			24, '747	(82,563)
Adjustments to cash flows from non-cash	items
Depreciation		11	15,068	17,782
Investment income		6
			39,834	(64,781)
Working capital adjustments
Decrease/(increase) in debtors		t7	83,572	(148,567)
(Decrease)/iricrease iri creditors (Decrease)hncrease in deferred income		18 19	(21,582) ~62,295	13,444 171,070
Net cash flaws from operabng activities			39,526	~725,634
Cash flaws from investing activities
Interest receivable and similar income		6	1
Purchase of tangible fixed assets		16	(38,337)	(10,380)
Sale of tangible fixed assets			725	184
Net cash flows from investing acbvities			~37,677	~40,7961
Cash flows from financing activities
Repayment of loans and borrowings Repayment of capital element offinance leases and HP contracts		19 20	45,000 ~4.040	57,400 ~4.039
Net cash flaws from financing activities			40,960	53.361
Net increase in cash and cash equivalents			42,875	14,331
Cash and cash equivalents at 1 October			~12,099	~74,029
Cash and cash equivalents at 30 September			30,777	302

4 income	from donations and	legacies
		Unrestricted
		funds
			Restricted		Total	Total
		General	funds		2020	2019
			6		5	5
Donations	from individuals	19,207		500	19,707	20,038
GiR aid reclaimed		743			743	39
Grants from other chant ice		36,003	446.388		482,389	233,505
Gifts in kind		3,149			3,149
		59,102	446,	SSB	505,988	253,5S2

Restricted Grants
	2020	2019
	6	8
LA Community Grant	11,980	19,500
Community Foundation		3,000
Weliesley Trust	9,794
LNT	106,307
DEFRA - WRAP	9,509
ESF My Future Matters	4,679
CI LD Stitch Sisters	17,823
ESIF —BFEBEaT	9,325
DBE EO Foundation	2,5DD
Lottery Awards for All	9,426
BBQ - Wise Steps	156,613	155,036
Newcastle Council - CLLD	26,313	17,315
Community Fund - Women Together	81,917	38,654
	446,386	233.505
Unrestncted Grants
	2020	2819
	8	r.
8aging er Trust	'I 000
Good Things Foundation	3000
Hadrian Trust	500
Kerbon Homes	1,000
Community Foundation	5,000
Newcastle City Council	11,250
Gateshead Co unwl	5,690
Cathenne Cookson	1,000
WIVIRC dRS	7,563
	36,0D3

5	Income fro	m charitable activities
			Unrestricted
			funds
				Total	Total
			General	202D	2019
				E	8
	Environmental	Maintenance	175,725	175,725	201,248
	NCS Income		10,579	10,579	10,354
	Partnership	income	9,000	9,000	9,000
			195,304	195,304	220,602
6	Investment	income

6	Investment i	n	come
					Unrestncted
					funds
							Tots!	Total
					General		2020	2019
Interest receivable			on bank deposits			1
7	Other income
							Total	Total
							2020	2019
Gains on sale of		tangible		fixed assets for chartty's	own use				231
8	Expenditure	on raising funds
							Total	Total
							2D2D	2019
							8	r.
Staff costs							56.089	45,728

9 Expe	nditure on charitable	activities
		Unrestricted
		funds
			Restricted	Total	Total
		General	funds	2020	2019
		8			6
Training	and employment	39,649	474.934	514,583	306,876
Sup pcrl	Costs	105,874		105,874	204,374
		145,523	474,934	620.457	5'l1,250

10Analysis ofgovernance and supp	10Analysis ofgovernance and supp	10Analysis ofgovernance and supp	ort costs	ort costs
Support costs allocated to charitable			activities
			Govern	an ca	Support	Total	Total
			costs		costs	2D20	2019
			8				6
Staff costs				9,321	63,210	72,531	136,928
Premises				958	4,224	5,182	15,965
Co mmunicatio	ns				3,086	3.086	6,334
General office				2,855	8,649	11,504	21,828
Finance costs				773	293	1,066	2,150
Travel					6,901	6,901	12,625
Audit and Accountancy				3,65t		3,651	3,643
Legal and professional		fees		1,953		1,953	4,901
			19,511		86 363	105,874	204,374

Net incoming	f(outgoing) resources for the year includ	e:
			202D	2019
			E	5
Audit fees			3,600	3,600
Loss on disposal of fixed assets held for the chanty's		own use	722
Depreciation	of fixed assets		15,088	17,782

13Staff coats
The aggregate	payroll costs were as follows
		2020	2019 f
Staff rosts during the year were:
Wages and salanes		506.492	399,424
Social security	costs	35,421	29,511
Pension casts		8.645	5,328
		550.558	434,263

							2020		2019
							No		Na
Training		and	employment					11
Envira	me	otal	services					8
Central		services						4
								23		20
The	number		of employees	whose emoluments	fell within	the following	bands was.
							2020		2019
							No		Na

			2020	2019
				5
Audit of the financial		statements	3,600	3,600
All other non-audit	services		51	43
			3,651

16Tangible fixe	d assets
		Furniture
		and	Motor
		equipment	vehicles	Totaf
			8
Cost
At 1 October 2019		184,551	46,402	210,953
Additions Disposats		35537 (2.650l	2,800	38,337 ~2,5507
At 30 September	2020	197,438	49,202	246,640
Depreciation
At 1 October 2019		145,509	37,563	183,072
Charge for the year Eliminated on dispos ala		9,380 ~1,925	5,708	15,088 ~77.925
At 30 September	2020	152,964	43,271	196,235
Net book value
At 30 September	2020	44.474	5,931	50,405
At 30 September	2019	19,012	8,839	27,881

		2020	2018
		5	8
Trade debtors		7.583	29.278
P repayments		3,057	3.120
Acrrued	income	111,336	173150
		121 576	205 566

18Creditors:	amo	unts falling d	ue within one year
				2020	2018
					8
Bank overdrafts					12.400
Trade creditors				3,130	2.095
Hire purchase	and	finance leases		4,040	4,040
Other taxation	and	social secunty		23,455	31.403
VAT repayable				13,032	18.651
Other creditors				2,260	5,181
Accruals				4,158	10,287
Deferred income				76,473	72,331
				126,548	156,388
				2020	2019
				r
Deferred income at 1 October 2019				171,070
Resources deferred Amounts released		in the pened from previous	periods	108,772 ~777,070	171,070
Deferred income at year end				108,772	171,070

19Creditors. '	amounts falling due after one year
		2020	2D19
		r.
Other loans		150,000	105.000
Hire purchase	and finance leases	2,356	6,398
Deferred income		32,299	98,739
		184,655	210,135

The total value offuture minimum lease paymen	ts was as follows.
	2020f	2D19f
Within one year	4,040	4,040
In two to five years	2,356	6,396
	6,396	10,436

Total future minimum lease payments under no	n-cancellable operating leases are as foll	ows
	2020f	2019 f
Other
Within one year	52,447	52,695
ln two to five years	18,323	70,770
	7D,770	123,665

22 Funds
						Balance at
						30
		Balance at 1		Incoming	Resources	September
		October	2D19	resources	expended	2620
		6				6
Unrestricted funds
General
General fund		(160,840)		254407	(201,612)	(108,045)
Restricted funds
LA Community	Grant			11,980	(11,980)
LNT				106.307	(106,307)
DEFRA - WRAP				9,509	(9,5D9)
ESF My Future	Matters			4,679	(4,679)
CLLD Stitch Sisters				17,823	(17,823)
ESIF —BFEBEaT				9,325	(9,325)
QBE EO Foundation				2,500	(2,500)
Lottery Awards	for All			9,426	(9,426l
Welles lay Trust		20,022		9,794	(29,816)
BBOWise Steps Newcastle City Coun c)l —CLLD Community Fund - Women Together Total restricted funds		8,026 28,048		156,813 26,813 81,917 446,886	(156,813) (34.S39l (81.917) ~474 934l.
Total funds		1132,792)		701,293	~676,546	~1)08,045

				Total funds
			Unrestricted	at 30
			funds	September
			General	2020
				f.
Tangible	fixed assets		50,405	50,405
Net current assets/(liabilities) Creditors over 1 year			26,205 ~784,655	26,205 (184,655)
Total net	assets		108,045	(108,045
				Total funds
		Unrestricted		at 30
		funds	Restricted	September
		General	funds	2018
		6	6	5
Tangible	fixed assets	27,881		27,881
Net current assets/(liabilities) Creditors over 1 year Total net assets		(77,325) ~74),396 ~160.il40)	126,787 ~98,739 28,048	48,462 ~210,135 ~132,792

24 Analysis of net funds
					At 30
	At 1 October			Capital	September
	2019	Cash	flow	Advanced	2020
	E			E	E
Cash at bank and in hand	302	18075			30,777
Bank overdraft	(12.400)	12,400
	(12.098)	30475			30,777
Debt due after more than one year	(105,000)			(45,000)	(150000)
Finance )eases and hire purchase
contracts	(10,436)		4,040		(6,396)
Net debt	(127,534)	34,515		(45,000)	(125.619)
					At 30
	At 1 October 2018	Cash	flow	Capital Advanced	September 2019
	r.	r.		E	E
Cash at bank and in hand	74		228		302
Bank overdraft	(')4,103)		1,703		(12,400)
	(14,029)		1,931		(12,098)
Debt due within one year	(456)		456
Debt due after more than one year	(60,000)			(45,000)	(105,000)
Finance leases and hire purchase
contracts	(14,475)		4,039		(10,436)
Net debt	(S8,960)		6,426	(45,000)	(127,534)