REGISTERED COMPANY NUMBER: 06585052 (England and Wales) REGISTERED CHARITY NUMBER: 1126626
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Rock Foundation UK Limited
Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
Rock Foundation UK Limited
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | to | 10 |
| Cash Flow Statement | 11 | ||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 21 |
| Detailed Statement of Financial Activities | 22 | to | 23 |
Rock Foundation UK Limited
Report of the Trustees
for the Year Ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To act as a resource for people with learning difficulties and the disadvantaged by providing advice, assistance and organising programmes of physical, educational and other activities as a means of:-
a) Helping them to advance in life and helping to develop their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals.
b) Advance education.
c) Relieving unemployment.
Public benefit
Providing recreational and leisure time activity in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.
Page 1
Rock Foundation UK Limited
Report of the Trustees
for the Year Ended 31 March 2022
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Charitable activities We would first like to thank all our funders for their support and all our volunteers and staff who without everybody's help, it would not have been possible. Rock was started by a parent of a special needs child who, having explored the availability of training for over 18's discovered that very little was available. She subsequently decided to start Rock Foundation to provide young people and adults, and the disadvantaged, work experience and supported workshops so that they could achieve their potential in life, and we now serve in excess of ninety adults with learning disabilities every week.
During the last financial year, despite significant operating challenges due to coming back after COVID and the national lockdown, Rock Foundation continued to provide support services to its targeted client groups. These included a wide range of workshops such as, art and craft, woodwork, puppetry, cookery, baking, computers, healthy living, needlework, furniture restoration, horticulture, DIY, baking, and laser craft, food bank stock management etc, alongside courses in independence and work skills, community living and transportation. Returning after COVID hasn't been easy, with parents and careers still anxious about their children returning. Some of our service user's having passed away while others lost close family members. It has been a difficult time for many. Rock Foundation UK Ltd has continued to further its work with the local community by working with a network of local and regional companies and donors to supply our food bank.
We have continued to be involved with the local food provider forum, acting in coalition to resolve food poverty in Northeast Lincolnshire. We currently operate from the former Holme Hill School in Heneage Road. However, we received news this was being negotiated for sale, and we have since secured a property from North East Lincolnshire Council via a Community Asset Transfer for a nominal amount as a freehold disposal. At time of writing, we are in the final stages of legal negotiation around terms, and we hope to have completed within the next couple of months. Over the past year our food bank has experienced increasing levels of need. As always, this would not have been possible without the help of Morrison, Tesco, Aldi, Lidl, Greggs and HIS, and a wide variety of other local businesses and supporters, many of which prefer to remain anonymous. The events of the last year have compounded our conviction that the help our community needs goes way beyond a food parcel. We commissioned an independent review of our foodbank provision, as well as undertaking a data capture exercise utilising a database to understand the needs of those accessing our foodbanks. Furthermore, we are a Fuel Bank partner for the Fuel Bank Foundation. With the successful acquisition of a new site for our Foodbank, the time seems right to use the learning from these exercises to expand our service to a Foodbank Plus model, which will seek to provide a more holistic service offering life skill, recovery, and employment sessions alongside our more practical support.
We have also continued to wholesale our laser products through Potter's House, however this has dropped due to so many shops closing down. But it does help to financially underpin our work. This accompanies our ongoing work in utilising online sales avenues such as Etsy, and physical retail spaces on the High St. We are seeking to continue to grow this in coming years to increase our financial resilience, and service sustainability. We would like to thank all our supporters for their continued assistance by way of donations, and all individuals, faith groups and other organisations who have supported Rock Foundation UK Ltd. Our supported housing at Caistor with the initial three residents rising to 7 as well as intermittent respite placements. Caistor Day services are doing well with 17 service users and looking now at increasing the days from three to four per week. We also saw the start of our community allotment at Caistor ran by our volunteers and the planting up of our new orchard.
Page 2
Rock Foundation UK Limited
for the Year Ended 31 March 2022
Report of the Trustees
ACHIEVEMENT AND PERFORMANCE
Volunteer review
We continue to be blessed with excellent volunteers, many of whom have worked within the charity for many years, and many of whom continued to support us through the challenges of the past year and the return to some sort of normality since COVID and lockdown.
Our volunteers come from a wide range of organisations, backgrounds and experience, representing a wide cross section of our community.
Our regular 42 volunteers contributed a total of around 11,648 hours across the last year, equating to roughly 235 hours per week in volunteered time, or 5.6 per person per week.
Our regular volunteers therefore contributed approximately £134,420 between them at a combined value of around £11 per hour.
We also receive help from many casual volunteers throughout the year, whose valuable contribution is difficult to quantify, but incredibly significant. These people that come to help with a specific short-term projects or events, offer a few days when they are available, or attend on short term placement from training agencies. We estimate to have received approximately 484 such volunteering hours, placing our grand total at around £5,324.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to monitor unrestricted funds which are free reserves of the charity to achieve a minimum level of £95,000. This will provide sufficient funds to cover management, administration, support costs and to respond to emergency applications for grants which arise from time to time.
Incoming resources for the year amounted to £723,640 (2021:£991,841) and resources expended £593,494 (2021: £717,742). Free reserves at the year-end were £882,556 (2021:£752,410)
Page 3
Rock Foundation UK Limited
Report of the Trustees
for the Year Ended 31 March 2022
FUTURE PLANS
As always plans are in place to maximise the use of our current resources, develop new services and increases our intake of service users.
Our aim in the last year was to continue to move our supported living facility towards being fully occupied. However, we have been very careful as we wanted the right mix for the house. At present, we have 7 with others who also attend for respite. Our aim in the upcoming year is to continue to increase our number of residents.' The aim of the service is to provide excellent care for adults with learning disabilities. This is a non-profit venture which stands in contrast to the commercialised provision of care and support that proliferates locally, and places shareholders before clients. Our aim is to continue to build positive relationships with funders, as well as diversifying our social enterprise output from the site, to build further resilience into the project.
Further developments include an ongoing maintenance project to bring our Grimsby site to a higher standard of facilities as well as the ongoing expansion of our gardening project at Caistor and Grimsby to focus on growing high quality organic produce for our residents, tearooms, and the public, whilst providing an excellent set of training opportunities for our members. This year we saw the start of our new Polytunnel going up on our Grimsby site which we will continue to develop. We are also hoping to start a Rock Social Club for our service users during the evening. The community allotment at Caistor has been established which we are very proud of. An orchard was planted in Caistor which in time will produce some good crops. Five freshwater springs have been landscaped with a further two to find.
Finally, we are looking toward the handover of our new site for our foodbank provision, and the expansion to a Foodbank Plus model, this will entail refurbishment of the site, relocation of our current service and expansion of our service offer. We have a robust plan, which has been well received by our local authority and we are confident will lead to the formation of positive funding relationships in the coming year.
This year's present climate
Our foodbank remained open and busier than normal.
Fortunately, we have received several grants which has enabled the charity to be financially stable.
We rely very much on our volunteers, and it was great to see so many back with us again this year. We appreciate their hard work so much.
There will always be a risk and uncertainties. As a charity I feel we are in a good place. Mainly because of the increase of service users using our supported housing accommodation and the grants we have been fortunate to receive.
At present our reserves are good. But as a board this is something that needs to be looked at on a regular basis. This is something again that we will take advice from our accountant.
As a charity we feel confident about the future, but we are aware this can change. We feel we have tried to look at every eventuality.
Some concerns: - Lack of volunteers. Lack of food donations. Day Students. Financial loss of income if another lock down. Economic cost of utilities and fuel.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is governed by its Memorandum and Articles of Association incorporated 6 May, 2008 as amended by written resolution dated 22 October, 2008 and 29 July, 2014 respectively.
Recruitment and appointment of new trustees
The charity seeks to appoint trustees from persons who share the same ethos. It seeks to identify those most suitable to bring a balance of skills and strengths to the board. Each trustee is given a job description which utilises their skills.
Page 4
Rock Foundation UK Limited
for the Year Ended 31 March 2022
Report of the Trustees
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The CEO makes day to day decisions with regards to the general running of the charity. Trustees make decisions on management salaries, development and expansion and any other major decisions.
Induction and training of new trustees
We have a policy for induction and training of trustees. As stated in our policy each trustee receives a training pack and will also spend a day with our CEO explaining the role of the trustee.
Related parties
Rock Social Enterprise and Rock Casitor Enterprise are trading companies and all profits go to Rock Foundation.
Risk management
The Directors/Trustees have examined the major strategic, business and operational risks that the charity faces and confirms that systems are in place to monitor and control these risks and ensure that the necessary steps can be taken when appropriate.
Any major risks to which the charity is exposed will be reviewed in an emergency trustees meeting.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06585052 (England and Wales)
Registered Charity number
1126626
Registered office
39-41 Heneage Road Grimsby North East Lincs DN32 9ES
Trustees
R J K Burrell Director Ms P E Hodge Director Miss S Howard Director K J Smith Director (resigned 1.2.22) R I Lewis Director (resigned 9.5.22) M Scarrott Director
Independent Examiner
Mark Stothard FCA Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
Bankers
National Westminster Bank Plc 66 Victoria Street Grimsby DN32 9ES
Senior staff
Miss P E Hodge
Page 5
Rock Foundation UK Limited
Report of the Trustees
for the Year Ended 31 March 2022
Approved by order of the board of trustees on 18 October 2022 and signed on its behalf by:
Ms P E Hodge - Trustee
Page 6
Independent Examiner's Report to the Trustees of Rock Foundation UK Limited
Independent examiner's report to the trustees of Rock Foundation UK Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Stothard FCA Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
18 October 2022
Page 7
Rock Foundation UK Limited
Statement of Financial Activities for the Year Ended 31 March 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 573,786 Charitable activities 3 Core projects 37,427 Core projects-Restricted - Other income 95,424 Total 706,637 EXPENDITURE ON Charitable activities 4 Core projects 571,491 Core projects-Restricted - Total 571,491 NET INCOME/(EXPENDITURE) 135,146 RECONCILIATION OF FUNDS Total funds brought forward 752,410 TOTAL FUNDS CARRIED FORWARD 887,556 |
Restricted fund £ - - 17,003 - 17,003 - 22,003 22,003 (5,000) 53,377 48,377 |
31.3.22 Total funds £ 573,786 37,427 17,003 95,424 723,640 571,491 22,003 593,494 130,146 805,787 935,933 |
31.3.21 Total funds £ 734,965 72,265 96,232 88,379 |
|---|---|---|---|
| 991,841 | |||
| 717,742 - |
|||
| 717,742 | |||
| 274,099 531,688 |
|||
| 805,787 |
The notes form part of these financial statements
Page 8
Rock Foundation UK Limited
Balance Sheet
31 March 2022
| Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Stocks 12 Debtors 13 Cash at bank and in hand CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 15 NET ASSETS FUNDS 18 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 787,622 6,000 168,368 340,263 514,631 (34,423) 480,208 1,267,830 (380,274) 887,556 |
Restricted fund £ 48,377 - - - - - - 48,377 - 48,377 |
31.3.22 Total funds £ 835,999 6,000 168,368 340,263 514,631 (34,423) 480,208 1,316,207 (380,274) 935,933 887,556 48,377 935,933 |
31.3.21 Total funds £ 851,116 7,000 93,230 312,195 412,425 (50,081) 362,344 1,213,460 (407,673) 805,787 752,410 53,377 805,787 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 9
Rock Foundation UK Limited
Balance Sheet - continued
31 March 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 18 October 2022 and were signed on its behalf by:
P E Hodge - Trustee
The notes form part of these financial statements
Page 10
Rock Foundation UK Limited
Cash Flow Statement for the Year Ended 31 March 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Net cash used in investing activities Cash flows from financing activities Loan repayments in year Loan interest Net cash used in financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.3.22 £ 85,815 (16,285) 69,530 (14,063) - (14,063) (43,684) 16,285 (27,399) 28,068 312,195 340,263 |
31.3.21 £ 222,946 (14,269) 208,677 (5,774) 4,300 (1,474) (34,104) 14,269 (19,835) 187,368 124,827 312,195 |
|---|---|---|
The notes form part of these financial statements
Page 11
Rock Foundation UK Limited
Notes to the Cash Flow Statement
for the Year Ended 31 March 2022
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of Financial | |||
| Activities) | 130,146 | 274,099 | |
| Adjustments for: | |||
| Depreciation charges | 29,180 | 27,433 | |
| Profit on disposal of fixed assets | - | (3,175) | |
| Interest paid | 16,285 | 14,269 | |
| Decrease/(increase) in stocks | 1,000 | (2,950) | |
| Increase in debtors | (75,137) | (56,374) | |
| Decrease in creditors | (15,659) | (30,356) | |
| Net cash provided by operations | 85,815 | 222,946 | |
| 2. | ANALYSIS OF CHANGES IN NET DEBT |
| At 1.4.21 | Cash flow | At 31.3.22 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 312,195 | 28,068 | 340,263 |
| 312,195 | 28,068 | 340,263 | |
| Debt | |||
| Debts falling due within 1 year | (27,399) | - | (27,399) |
| Debts falling due after 1 year | (407,673) | 27,399 | (380,274) |
| (435,072) | 27,399 | (407,673) | |
| Total | (122,877) | 55,467 | (67,410) |
The notes form part of these financial statements
Page 12
Rock Foundation UK Limited
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity charityhas entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donation and legacy income is received by way of donations and gifts is included in full in the statement of Financial Activities when receivable. The value of services provided by volunteers has not been included in these accounts.
Grants, where entitlement is not conditional on the delivery of specific performance by the charity, are recognised when the charity becomes entitled to the grant. Grants received in relation to capital expenditure are recognised in the Statement of Financial Activities when the charity becomes entitled to the grants.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture and fittings 20% Straight Line Motor Vehicles 20% Straight Line
Freehold property -Building 2% Straight Line -Commercial Kitchens 5% Straight Line -Public Toilet Facilities 6.67% Straight Line -Residential Kitchens 10% Straight Line -Residential Bathrooms 10% Straight Line -Heating Systems 10% Straight Line -Alarm Systems 10% Straight Line
Land is not depreciated.
Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions under £250 are not capitalised.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
continued...
Page 13
Rock Foundation UK Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme.Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Donated goods
Donated goods are recognised in income at sales value when they are sold.
General services provided by volunteers and organisations are not recognised in the statement of financial activities. Further details of these are disclosed in the trustees report.
Specific services provided by other organisations are recognised in the statement of financial expenditure ad donations and charitable expenditure.
Donated goods for distribution are recognised in the statement of financial activities when distributed at market value as donations and charitable expenditure.
2. DONATIONS AND LEGACIES
3.
| Donations and gifts INCOME FROM CHARITABLE ACTIVITIES Activity Charitable activities Core projects Service provisions Core projects Grants Core projects Grants Core projects-Restricted Grants received, included in the above, are as follows: Screwfix WRAP Crisis NELC Hardship The Morrisons Foundation North East Lincs DISA Longhurst Group Community Carried forward |
31.3.22 £ 573,786 31.3.22 £ 6,912 30,515 - 17,003 54,430 31.3.22 £ - 7,461 - - - - - - 7,461 |
31.3.21 £ 734,965 |
||
|---|---|---|---|---|
| 31.3.21 £ 6,728 50,537 15,000 96,232 |
||||
| 168,497 | ||||
| 31.3.21 £ 5,000 58,988 5,000 12,000 3,744 5,000 1,500 5,000 |
||||
| 96,232 |
continued...
Page 14
Rock Foundation UK Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
3. INCOME FROM CHARITABLE ACTIVITIES - continued
| Brought forward Martin Lewis Sainsburys North Bank Forum Groundwork UK Good Things Foundation 4. CHARITABLE ACTIVITIES COSTS Core projects Core projects-Restricted 5. SUPPORT COSTS Core projects 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Surplus on disposal of fixed assets 7. TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' social security Trustees' pension contributions to money purchase schemes |
31.3.22 £ 7,461 - 1,000 4,042 1,000 3,500 17,003 Support Direct costs (see Costs note 5) £ £ 551,630 19,861 22,003 - 573,633 19,861 Governance Other costs £ £ 18,121 1,740 31.3.22 £ 29,180 - 31.3.22 £ 40,000 4,300 1,013 45,313 |
31.3.21 £ 96,232 15,000 - - - - 111,232 Totals £ 571,491 22,003 593,494 Totals £ 19,861 31.3.21 £ 27,433 (3,175) 31.3.21 £ 37,621 3,980 - 41,601 |
|---|---|---|
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Page 15
continued...
Rock Foundation UK Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
8. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
31.3.22 £ 342,802 12,183 3,074 358,059 |
31.3.21 £ 235,353 7,276 1,938 |
|---|---|---|
| 244,567 |
Included in wages and salaries are contracted out Tutor and consultancy fees of £14,083 (2021:£8,751).
Included in staff costs are salary and employers national insurance paid to and in relation to key management of £58,383 (2021:£50,351).
The average monthly number of employees during the year was as follows:
9.
| Core No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 734,965 Charitable activities Core projects 72,265 Core projects-Restricted - Other income 88,379 Total 895,609 EXPENDITURE ON Charitable activities Core projects 606,469 NET INCOME/(EXPENDITURE) 289,140 RECONCILIATION OF FUNDS Total funds brought forward 463,270 TOTAL FUNDS CARRIED FORWARD 752,410 |
31.3.22 26 Restricted fund £ - - 96,232 - 96,232 111,273 (15,041) 68,418 53,377 |
31.3.21 24 Total funds £ 734,965 72,265 96,232 88,379 |
|---|---|---|
| 991,841 | ||
| 717,742 | ||
| 274,099 531,688 |
||
| 805,787 |
Page 16
continued...
Rock Foundation UK Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
10. FOODBANK DONATIONS
Included within donations and gifts during the year in income and also charitable activity expenditure gifts and donations is £48,222 (2021:£258,188).
This has been calculated based on 3,572 food parcels distributed during the year estimated at a fair value of £13.50 per parcel.
On 1 June 2021 the food bank donations were transferred to a separate "Rock" company (Rock Community Hub Ltd) to enable it to receive the dedicated support it requires to continue to grow and prosper.
11. TANGIBLE FIXED ASSETS
| Freehold property £ COST At 1 April 2021 870,155 Additions - At 31 March 2022 870,155 DEPRECIATION At 1 April 2021 56,617 Charge for year 17,403 At 31 March 2022 74,020 NET BOOK VALUE At 31 March 2022 796,135 At 31 March 2021 813,538 12. STOCKS Stocks 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
Fixtures and fittings £ 110,554 14,063 124,617 90,778 6,809 97,587 27,030 19,776 |
Motor vehicles Totals £ £ 24,840 1,005,549 - 14,063 24,840 1,019,612 7,038 154,433 4,968 29,180 12,006 183,613 12,834 835,999 17,802 851,116 31.3.22 31.3.21 £ £ 6,000 7,000 31.3.22 31.3.21 £ £ 168,368 93,230 |
Motor vehicles Totals £ £ 24,840 1,005,549 - 14,063 24,840 1,019,612 7,038 154,433 4,968 29,180 12,006 183,613 12,834 835,999 17,802 851,116 31.3.22 31.3.21 £ £ 6,000 7,000 31.3.22 31.3.21 £ £ 168,368 93,230 |
|---|---|---|---|
| 154,433 29,180 |
|||
| 183,613 | |||
| 835,999 | |||
| 851,116 | |||
| 31.3.21 £ 7,000 31.3.21 £ 93,230 |
continued...
Page 17
Rock Foundation UK Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.22 £ Bank loans and overdrafts (see note 16) 27,399 Social security and other taxes 3,617 Other creditors 3,407 34,423 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.22 £ Bank loans (see note 16) 380,274 16. LOANS An analysis of the maturity of loans is given below: 31.3.22 £ Amounts falling due within one year on demand: Bank loans 27,399 Amounts falling between one and two years: Bank loans - 1-2 years 27,399 Amounts falling due between two and five years: Bank loans - 2-5 years 82,196 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 270,679 17. SECURED DEBTS The following secured debts are included within creditors: 31.3.22 £ Bank loans 407,673 |
31.3.21 £ 27,399 5,931 16,751 50,081 31.3.21 £ 407,673 |
|---|---|
| 31.3.21 £ 27,399 |
|
| 27,399 | |
| 82,196 | |
| 298,078 31.3.21 £ 435,072 |
CAF Bank Ltd have secured fixed charges over the freehold property 39-43 Heneage Road, Grimsby, DN32 9ES and Top House Farm, Grimsby Road, Casitor, LN7 6RJ.
continued...
Page 18
Rock Foundation UK Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
18. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Core projects TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Core projects TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Core projects TOTAL FUNDS |
At 1.4.21 £ 752,410 53,377 805,787 Incoming resources £ 706,637 17,003 723,640 At 1.4.20 £ 463,270 68,418 531,688 |
Net movement At in funds 31.3.22 £ £ 135,146 887,556 (5,000) 48,377 130,146 935,933 Resources Movement expended in funds £ £ (571,491) 135,146 (22,003) (5,000) (593,494) 130,146 Net movement At in funds 31.3.21 £ £ 289,140 752,410 (15,041) 53,377 274,099 805,787 |
|---|---|---|
continued...
Page 19
Rock Foundation UK Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
18. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Core projects TOTAL FUNDS |
Incoming resources £ 895,609 96,232 991,841 |
Resources Movement expended in funds £ £ (606,469) 289,140 (111,273) (15,041) (717,742) 274,099 |
Resources Movement expended in funds £ £ (606,469) 289,140 (111,273) (15,041) (717,742) 274,099 |
|---|---|---|---|
| 274,099 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Core projects TOTAL FUNDS |
At 1.4.20 £ 463,270 68,418 531,688 |
Net movement in funds £ 424,286 (20,041) 404,245 |
At 31.3.22 £ 887,556 48,377 |
|---|---|---|---|
| 935,933 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,602,246 | (1,177,960 ) | 424,286 |
| Restricted funds | |||
| Core projects | 113,235 | (133,276) | (20,041) |
| TOTAL FUNDS | 1,715,481 | (1,311,236 ) | 404,245 |
Restricted Funds
All restricted funds are for the core purposes of the charity.
Wrap
Amounts received from WRAP were a contribution towards food bank purchases.
Sainsburys
Amounts received from Sainsburys were a contribution towards food bank purchases.
continued...
Page 20
Rock Foundation UK Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
18. MOVEMENT IN FUNDS - continued
North Bank Forum
Amounts received from North bank forum were a contribution towards food bank purchases.
Good Things Foundation
Amounts received from Good Things Foundation were a contribution towards ipads purchased for students.
Groundwork UK
Amounts received from Grounsworks Uk were for a purchase of garden equipment.
19. RELATED PARTY DISCLOSURES
Gifts of £142,390 (2021:£51,427) were receivable during the year from Rock Caistor Ltd. Rock Caistor Ltd owed the charitable company a balance of £123,784 (2021:£55,496) at the year end.
Gifts of £40,940 (2021:£21,503) were receivable during the year from Rock Social Enterprise Ltd. Rock Social Enterprise Ltd owed the charitable company a balance of £6,124 (2021:£71,280) at the year end.
Total donations from Trustees during the year amounted to £4,617 (2021:Nil)
Rock Community Hub Ltd owed Rock Foundation UK Limited £5,759 (2021:Nil).
Page 21
Rock Foundation UK Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| Detailed Statement of Financial Activities for the Year Ended 31 March 2022 |
||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and gifts | 573,786 | 734,965 |
| Charitable activities | ||
| Charitable activities | 6,912 | 6,728 |
| Service provisions | 30,515 | 50,537 |
| Grants | 17,003 | 111,232 |
| 54,430 | 168,497 | |
| Other income | ||
| Gain on sale of tangible fixed assets | - | 3,175 |
| Furlough receipts | 8,069 | 49,180 |
| Covid grant income | 20,000 | 36,024 |
| Kickstart grant income | 67,355 | - |
| 95,424 | 88,379 | |
| Total incoming resources | 723,640 | 991,841 |
| EXPENDITURE | ||
| Charitable activities | ||
| Trustees' salaries | 40,000 | 37,621 |
| Trustees' social security | 4,300 | 3,980 |
| Trustees' pension contributions | 1,013 | - |
| Wages and labour | 287,662 | 188,444 |
| Social security | 7,489 | 3,292 |
| Pensions | 2,061 | 1,938 |
| Rates and water | 4,731 | 6,068 |
| Insurance | 10,529 | 8,750 |
| Light and heat | 33,024 | 19,584 |
| Telephone | 4,321 | 2,075 |
| Postage and stationery | 1,284 | 1,616 |
| Advertising | 1,133 | 628 |
| Sundries | 3,098 | 5,820 |
| Purchases | 22,648 | 12,103 |
| Motor | 9,013 | 7,457 |
| Repairs | 29,596 | 83,457 |
| Education and training | - | 1,560 |
| Ebay and paypal fees | 845 | 1,506 |
| Gifts and donations | 55,451 | 268,895 |
| Travel | 1,244 | 323 |
| Professional fees | 7,953 | 8,577 |
| Card charges | 773 | 489 |
| Depreciation of tangible fixed assets | 29,180 | 27,433 |
| Carried forward | 557,348 | 691,616 |
This page does not form part of the statutory financial statements
Page 22
Rock Foundation UK Limited
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2022 | ||
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 557,348 | 691,616 |
| Bank loan interest | 16,285 | 14,269 |
| 573,633 | 705,885 | |
| Support costs | ||
| Other | ||
| Wages | 15,140 | 9,288 |
| Social security | 394 | 4 |
| Insurance | 554 | 485 |
| Light and heat | 1,738 | 474 |
| Telephone | 227 | 116 |
| Postage and stationery | 68 | 90 |
| 18,121 | 10,457 | |
| Governance costs | ||
| Accountancy | 1,740 | 1,400 |
| Total resources expended | 593,494 | 717,742 |
| Net income | 130,146 | 274,099 |
This page does not form part of the statutory financial statements
Page 23