| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 7 |
| Report ofthc Independent Auditors |
8 | to | 10 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 12 | ||
| Cash Flow Statement | 13 | ||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 24 |
| Detailed Statement ofFinancial Activities | 25 | to | 26 |
| LIFE2009 | LIFE2009 | LIFE2009 | LIFE2009 | |||
|---|---|---|---|---|---|---|
| REFERENCE AND | ADMINISTRATIVE DETAILS | |||||
| FOR THE YEAR ENDED 30JUNE 2021 | ||||||
| TRUSTEES: | Mr Mauhew Gibbs |
(Resigned | 13 February 2020) | |||
| Mrs Laura Higgins | ||||||
| Ms Charlotte Jane |
Kynaston | (Resigned 6 January 2020) | ||||
| Mrs Eileen Maher | (Reappointed | 2 July 2020) | ||||
| Mr Jonathan Wright |
—Chair | |||||
| Mr Philip John Campbell | ||||||
| Mrs Annabel Osbom |
||||||
| CHIEF EXECUTIVE: | Mr Stephen Sharpe | |||||
| REGISTERED OFFICE: | 4Jephson Court | |||||
| Tancred Close | ||||||
| Royal Leamington | Spa | |||||
| Warwickshire | ||||||
| CV31 3RZ | ||||||
| COMPANY NUMBER: | 06786752 (England | and Wales) | ||||
| CHARITY NUMBER: | 1128355(and No: | SC041329in Scotland) | ||||
| INDEPENDENT AUDITORS: | Mmphy Salisbury |
Limited | ||||
| 15Warwick Road | ||||||
| Stratford upon Avon | ||||||
| Warwickshire | ||||||
| CV37 6YW | ||||||
| BANKERS: | National Westminster |
Bank pic | ||||
| P.O.Box 137 | ||||||
| 59The Parade | ||||||
| Royal Leamington | Spa | |||||
| Warwickshire | ||||||
| CV32 4ZX | ||||||
| SOLICITORS: | The firm retained | is | dependent | upon each issue as it arises. |
| LIFE 2009 | LIFE 2009 | LIFE 2009 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES | |||||||||
| INC RPORATING AN INCOME AND EXPENDITURE ACCOUN |
|||||||||
| F RTHE YEAR EN ED30JUNE 2021 |
|||||||||
| 2021 | 2020 | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| fund | fund | funds | funds | ||||||
| Notes | |||||||||
| INCOME AND ENDOWMENTS | FROM | ||||||||
| Donations and legacies |
2 | 1,466,413 | 76,773 | 1,543,186 | 1,877,661 | ||||
| Charitable activities |
5 | ||||||||
| Residents income |
and | supporting | people grants | 1,123,551 | 167,919 | 1,291,470 | 1,181,954 | ||
| Other trading activities |
566,592 | 566,592 | 469,149 | ||||||
| Investment income |
6,055 | 6,055 | 8,785 | ||||||
| Total | 3,162,611 | 244,692 | 3,407,303 | 3,537,549 | |||||
| EXPENDITURE | ON | ||||||||
| Raising funds | |||||||||
| Raising donations | and | legacies | 6 | 165,851 | 15,959 | 181,810 | 183,409 | ||
| Other trading activities | 7 | 1,077,814 | 1,077,814 | 1,027,682 | |||||
| 1,243,665 | 15,959 | 1,259,624 | 1,211,091 | ||||||
| Charitable activities |
8 | ||||||||
| Residents income |
and | supporting | people grants | 1,062,629 | 121,849 | 1,184,478 | 1,230,965 | ||
| National activities, | life | matters, | pregnancy | ||||||
| matters and online | 947,876 | 76,911 | 1,024,787 | 1,095,045 | |||||
| Total | 3,254, 170 | 214,719 | 3,468,889 | 3,537,101 | |||||
| Net gains/(losses) | on investments | 23,600 | 23,600 | (20,761) | |||||
| NET INCOME/(EXPENDITURE) | (67,959) | 29,973 | (37,986) | (20,313) | |||||
| RECONCILIATION | OF FUNDS | ||||||||
| Total funds brought | forsvard | 1,206,685 | 516,948 | 1,723,633 | 1,743,946 | ||||
| TOTAL FUNDS | CARRIED FORWARD | 1,138,726 | 546,921 | 1,685,647 | 1,723,633 |
| LIFE2009 | ||||
|---|---|---|---|---|
| BALANCE SHEET | ||||
| 30JUNE 2021 | ||||
| Notes | 2021f | 2020 f. |
||
| FIXEDASSETS | ||||
| Tangible assets | 14 | 341,439 | 388,590 | |
| Investments | 15 | 150,763 | 126,964 | |
| 492202 | 515,554 | |||
| CURRENT ASSETS | ||||
| Debtors | 16 | 282,091 | 685,655 | |
| Cash at bank | 1,156,355 | 820,697 | ||
| 1,438,446 | 1,506,352 | |||
| CREDITORS | ||||
| Amounts falling due within |
one year | 17 | (210,922) | (259,184) |
| NKTC~ASSETS | 1,227,524 | 1,247,168 | ||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 1,719,726 | 1,762,722 | ||
| CREDITORS | ||||
| Amounts falling due afier more than one year |
18 | (34,079) | (39,089) | |
| NET ASSETS | 1,685,647 | 1,723,633 | ||
| FUNDS | 23 | |||
| Unrestricted funds |
1,138,726 | 1,206,685 | ||
| Restricted funds |
546,921 | 516,948 | ||
| TOTAL FUNDS | 1,685,647 | 1,723,633 |
| LIFE | 2009 | ||||||
|---|---|---|---|---|---|---|---|
| CASH FLOW | STATEMENT | ||||||
| FOR | THE YEAR ENDED 30JUNE 2021 | ||||||
| Notes | 2021f | 2020 | |||||
| Cash tlows from operating | activities | ||||||
| Cash generated from operations |
362,454 | (98,865) | |||||
| Tax paid | (5,061) | ||||||
| Net cash provided by/(used |
in) operating | activities | 362,454 | (103,926) | |||
| Cash flows from investing | activities | ||||||
| Purchase oftangible fixed |
assets | (27,989) | (94,480) | ||||
| Sale ofinvestment property |
100,000 | ||||||
| Dividends received |
6,055 | 8,785 | |||||
| Net cash (used in)/provided | by investing | activities | (21,934) | 14,305 | |||
| Cash flows from flouncin | activities | ||||||
| Loan repayments in year |
(4,862) | (4,503) | |||||
| Net cash used in financing | activities | (4,862) | (4,503) | ||||
| Change in cash and cash equivalents |
In | ||||||
| the reporting period |
335,658 | (94,124) | |||||
| Cash and cash equivalents | at the | ||||||
| beginning ofthe reporting |
period | 820,697 | 914,821 | ||||
| Cash and cash equivalents | at the end | of | |||||
| the reporting period |
1,156,355 | 820,697 |
| 2021 | 2020f | ||||||
|---|---|---|---|---|---|---|---|
| Net expenditure for tbe reporting |
period (as per the Statement of | ||||||
| Financial Activities) | (37,986) | (20,313) | |||||
| Adjustments | for: | ||||||
| Depreciation | charges | 75,140 | 60,575 | ||||
| (Gain)/losses | on investments | (23,600) | 20,761 | ||||
| Dividends received |
(6,055) | (8,785) | |||||
| Decrease/(increase) in |
debtors | 403,365 | (144,399) | ||||
| Decrease in | creditors | (48,410) | (6,704) | ||||
| Net cash provided by/(used |
in) operations | 362,454 | (98,865) | ||||
| ANALYSIS | OF CHANGES | IN NET FUNDS | |||||
| At | 1.7.20 | Cash flow | At 30.6.21 | ||||
| f | f. | ||||||
| Net cash | |||||||
| Cash at bank | 820,697 | 335,658 | 1,156,355 | ||||
| 820,697 | 335,658 | 1,156,355 | |||||
| Debt | |||||||
| Debts falling | due within | 1 year | (4,850) | (148) | (4,998) | ||
| Debts falling | due after | 1 year | (39,089) | 5,010 | (34,079) | ||
| (43,939) | 4,862 | (39,077) | |||||
| Total | 776,758 | 340 520 | I 117278 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| f | |||||||||
| Donations | 830,691 | 762,494 | |||||||
| Tax claimed | 89,737 | 108,959 | |||||||
| Bequests and legacies | 206,943 | 418,534 | |||||||
| Grants and | other income | 415,815 | 587,674 | ||||||
| 1,543,186 | 1,877,661 | ||||||||
| Grants received, included | in the above, are as follows: | ||||||||
| 2021f | 2020 | ||||||||
| London Community | Response Fund | 5,000 | |||||||
| Wares Foundation | 10,000 | 10,000 | |||||||
| Community | Foundation | for Surrey | 875 | ||||||
| Northern Ireland Housing |
Executive | —Supporting | People | 72,223 | 75,948 | ||||
| 82,223 | 91,823 | ||||||||
| 3. | OTHER TRADING | ACTIVITIES | |||||||
| 2021 | 2020 | ||||||||
| f | |||||||||
| Shop sales | 566,592 | 469,149 |
| 4. | INVESTMENT | INVESTMENT | INCOME | INCOME | INCOME | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 f. |
2020f | ||||||||||
| Dividends | receivable | 6,055 | 8,785 | ||||||||
| 5. | INCOME | FROM CHARITABLE ACTIVITIES | |||||||||
| Activity | 2021 f, |
2020f | |||||||||
| Residents | income | and | Residents | income and | supporting | people | |||||
| supporting | people | grants | grants | 1,291,470 | 1,181,954 | ||||||
| RAISING | DONATIONS | AND LEGACIES | |||||||||
| 2021f | 2020f | ||||||||||
| Advertising | and printing | for life | matters | and pregnancy | matters | 46,180 | 41,922 | ||||
| Staffcosts | - voluntary | 113,480 | 118,284 | ||||||||
| Support costs | 22,150 | 23,203 | |||||||||
| 181,810 | 183,409 | ||||||||||
| 7. | OTHER TRADING ACTIVITIES | ||||||||||
| 2021 | 2020 | ||||||||||
| Bad debts | 10,960 | 31,088 | |||||||||
| Rent and rates | 310,817 | 256,747 | |||||||||
| Staffcosts | 554,670 | 475,884 | |||||||||
| Other (including | set up costs) | 155,801 | 222,915 | ||||||||
| Depreciation | 45,566 | 37,961 | |||||||||
| Other fundraising | activities | 3,087 | |||||||||
| 1,077,814 | 1,027,682 | ||||||||||
| 8. | CHARITABLE | ACTIVITIES | COSTS | ||||||||
| Support | |||||||||||
| Direct | costs (see | ||||||||||
| Costs | note 9) | Totals | |||||||||
| f. | |||||||||||
| Residents | inconle | and supporting | people | ||||||||
| grants | 1,048,989 | 135,489 | 1,184,478 | ||||||||
| National activities, |
life mattem, | ||||||||||
| pregnancy | matters | and online | 505,738 | 519,049 | 1.024,787 | ||||||
| 1,554,727 | 654,538 | 2,209,265 |
| Governance | ||||||
|---|---|---|---|---|---|---|
| Other | costs | Totals | ||||
| f | ||||||
| Raising | donations and |
legacies | 22,150 | 22,150 | ||
| Residents | income and supporting people |
|||||
| grants | 135,489 | 135,489 | ||||
| National | activities, life | matters, pregnancy | ||||
| matters | and online | 494,693 | 24,356 | 519,049 | ||
| 652,332 | 24,356 | 676,688 | ||||
| NET INCOME/(EXPENDITURE) | ||||||
| Net income/(expenditure) | is stated ager charging/(crediting): | |||||
| 2021 | 2020f | |||||
| Auditors' | remuneration | 6,000 | 6,000 | |||
| Depreciation —owned assets |
75,140 | 60,575 | ||||
| Auditors' | remuneration | —other | 21,770 | 24,692 | ||
| Operating | lease - Land | and Buildings | 517,552 | 565,261 | ||
| Operating | lease —Other |
5431 | 2,514 |
| 2021 | 2020 | |
|---|---|---|
| f. | ||
| Wages and salaries | 1,667,183 | 1,643,761 |
| Social security costs | 122,272 | 121,368 |
| Pension | 48,994 | 47,537 |
| 1,838,449 | 1,812,666 |
| NOTES T F |
NOTES T F |
O THK FINANCIAL STATEMENTS - continued RTHE YEAR ENDED 30JUNE 2021 |
O THK FINANCIAL STATEMENTS - continued RTHE YEAR ENDED 30JUNE 2021 |
|||
|---|---|---|---|---|---|---|
| 13. | COMPARATIVKS FOR THE | STATEMENT Oli FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | ||||
| fund | fundf | funds | ||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
1,714,542 | 163,119 | 1,877,661 | |||
| Charitable activities |
||||||
| Residents inconte and |
supporting | people | ||||
| grants | 954,036 | 227 918 | I 181954 | |||
| Other trading activities |
469,149 | 469,149 | ||||
| Investment income |
8,785 | 8,785 | ||||
| Total | 3,146,512 | 391,037 | 3,537,549 | |||
| EXPENDITURE ON | ||||||
| Raising funds | ||||||
| Raising donations and |
legacies | 167,827 | 15,582 | 183,409 | ||
| Other trading activities | 1,027,682 | 1,027,682 | ||||
| 1,195,509 | 15,582 | 1,211,091 | ||||
| Charitable activities |
||||||
| Residents inconte and supporting |
people | |||||
| grmlts | 1,109,606 | 121,359 | 1,230,965 | |||
| National activities, life |
matters, pregnancy | |||||
| matters and online |
924,177 | 170,868 | 1,095,045 | |||
| Total | 3,229,292 | 307,809 | 3,537,101 | |||
| Net gains/(losses) on investments |
(20,761) | (20,761) | ||||
| NET INCOME/(EXPENDITURE) | (103,541) | 83,228 | (20,313) | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward |
1,310,226 | 433,720 | 1,743,946 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,206,685 | 516,948 | 1,723,633 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Fixtures | |||
| Freehold | Long | ariel | |
| property | leasehold | fittings | |
| COST | |||
| At I July 2020 | 145,000 | 132,642 | 270,303 |
| Additions | 11,678 | ||
| At 30June 2021 | 145,000 | 132,642 | 281,981 |
| DEPRECIATION | |||
| At I July 2020 | 19,720 | 7,908 | 182,903 |
| Charge for year | 1,160 | 1,187 | 43,925 |
| At 30June 2021 | 20,880 | 9,095 | 226,828 |
| NET BOOK VALUE | |||
| At 30June 2021 | 124,120 | 123,547 | 55,153 |
| At 30June 2020 | 125,280 | 124,734 | 87,400 |
| Motor | Office | ||
| vehicles f |
equipment f |
Totals f |
|
| COST | |||
| At I July 2020 | 17,042 | 219408 | 784,195 |
| Additions | 16,311 | 27,989 | |
| At 30June 2021 | 17,042 | 235,519 | 812,184 |
| DEPRECIATION | |||
| At I July 2020 | 10,226 | 174,848 | 395,605 |
| Charge for year | 3,408 | 25,460 | 75,140 |
| At 30June 2021 | 13,634 | 200,308 | 470,745 |
| NET BOOK VALUE | |||
| At 30June 2021 | 3,408 | 35,211 | 341,439 |
| At 30June 2020 | 6,816 | 44,360 | 388,590 |
| FIXEDASSET | INVESTMENTS | |||
|---|---|---|---|---|
| Listed | ||||
| investments | ||||
| f | ||||
| MARKET VALUE | ||||
| At 1 July 2020 | 126,964 | |||
| Additions | 32,469 | |||
| Disposals | (31,372) | |||
| Revaluations | 22,702 | |||
| At 30June 2021 | 150,763 | |||
| NET BOOK VALUE | ||||
| At 30June 2021 | 150,763 | |||
| At 30June 2020 | 126,964 | |||
| All investment assets are held avithht |
the UK | |||
| Cost or valuation | at 30June 2021 is | represented | by: |
| Listed | |||
|---|---|---|---|
| investments | |||
| Valuation | in 2021 | 22,702 | |
| Valuation | in 2020 | (23,221) | |
| Valuation | in 2019 | (540) | |
| Valuation | in 2018 | 5,885 | |
| Valuation | in 2017 | 40,793 | |
| Valuation | in 2016 | (10,990) | |
| Cost | 116,134 | ||
| 150,763 | |||
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | ||
| f | f | ||
| Other debtors | 131,382 | 509,099 | |
| Tax | 27,273 | ||
| Prepayments | 150,709 | 149,283 | |
| 282,091 | 685,655 |
| 17. | CREDITORS: AMOUN | T | S FALLING DUE | WITHIN | ONE YEAR | |
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Bank loans and overdrafis | (see note 19) | 4,998 | 4,850 | |||
| Social security and other | taxes | 33,040 | 28,882 | |||
| Other creditors | 136,172 | 147,989 | ||||
| Accruals and deferred income | 36,712 | 77,463 | ||||
| 210,922 | 259,184 | |||||
| 18. | CREDITORS: AMOUNTS FALLING DUE AFTER | MORE THAN ONE YEAR | ||||
| 2021 | 2020 | |||||
| Bank loans (see note 19) | 34,079 | 39,089 | ||||
| 19. | LOAtNS | |||||
| An analysis ofthe maturity | ofloans is given below. | |||||
| 2021 | 2020 | |||||
| Amounts falhng due within |
one year on demand: | |||||
| Bank loans | 4,998 | 4,850 | ||||
| Amounts falling due between two and five years: |
||||||
| Bank loans —2-5 years |
27,373 | 26,561 | ||||
| Amounts falling due in more than five years: |
||||||
| Repayable by instalments: |
||||||
| Bank loans more 5 yr by instal | 6,706 | 12,528 | ||||
| 20. | LEASLNG AGREEMENTS | |||||
| Minimum lease payments |
under non-cancellable | operating | leases fall due as follows: | |||
| 2021 | 2020 | |||||
| Within one year | 522,784 | 567,775 | ||||
| Between one and five years | 346,823 | 703,300 | ||||
| In more than five years | 42,060 | |||||
| 869,607 | 1,313,135 |
| ANALYSIS OFN | ET ASSETS BE | TWEEN FUNDS | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | ||||
| Total | |||||||
| fundsf | funds | funds | Total funds | ||||
| Fixed assets | 217,319 | I24,120 | 341,439 | 388,590 | |||
| Investments | 150,763 | 150,763 | 126,964 | ||||
| Content assets | 982,174 | 422,801 | 1,404,976 | 1,506,352 | |||
| Current liabilities |
(210,922) | (210,922) | (259,184) | ||||
| Long term liabilities | (34,079) | (34,079) | (39,089) | ||||
| Total net assets at 30June 2021 | 1,105,256 | 546,921 | 1,652,177 | 1,723,633 | |||
| MOVEMENT IN FUNDS | |||||||
| Transfers | Gains | ||||||
| Incoming | Resources | between | and | ||||
| At 1.07.20 f |
resources f |
expended f |
funds | (losses) | At 30.06.21 | ||
| Unrestricted | |||||||
| funds | |||||||
| Geneml fund |
1,206,685 | 3,162,611 | (3,254, | 170) | 23,600 | 1,138,726 | |
| Restricted funds |
|||||||
| Genuna fund |
6,271 | 6,271 | |||||
| LIFEHousing | 510,677 | 244,692 | (214,719) | 540,650 | |||
| Total restricted | 516,948 | 244,692 | (214,719) | 546,921 | |||
| funds | |||||||
| Total funds | 1,723,633 | 3,407,303 | (3,468,889) | 23,600 | 1,685,647 |
| F | OR THE YEAR ENDED 30 | JUNE 2021 | |||
|---|---|---|---|---|---|
| 2021f | 2020f | ||||
| INCOiME AND ENDOWMENTS | |||||
| Donations and legacies |
|||||
| Donations | 830,691 | 762,494 | |||
| Tax claimed | 89,737 | 108,959 | |||
| Bequests and legacies | 206,943 | 418,534 | |||
| Grants and other income | 415,815 | 587,674 | |||
| 1,543,186 | 1,877,661 | ||||
| Other trading activities |
|||||
| Shop sales | 566,592 | 469,149 | |||
| Investment income |
|||||
| Dividends receivable |
6,055 | 8,785 | |||
| Charitable activities |
|||||
| Residents income and supporting |
people | grants | 1,291,470 | 1,181,954 | |
| Total incoming resources |
3,407,303 | 3,537,549 | |||
| EXPENDITURE | |||||
| Raising donations and legacies |
|||||
| Advertising and printing |
for life | matters | and | ||
| pregnancy matters |
46,180 | 41,922 | |||
| Staff costs —voluntary | 113,480 | 118,284 | |||
| 159,660 | 160,206 | ||||
| Other trading activities |
|||||
| Bad debts | 10,960 | 31,088 | |||
| Rent and rates | 310,817 | 256,747 | |||
| Staffcosts | 554,670 | 475,884 | |||
| Other (including set up costs) |
155,801 | 222,915 | |||
| Depreciation | 45,566 | 37,961 | |||
| Other fundraising activities |
3,087 | ||||
| 1,077,814 | 1,027,682 | ||||
| Charitable activities |
|||||
| National team, life matters |
and pregnancy | matters | 505,738 | 557,702 | |
| Repairs renewals and household |
goods | 103,189 | 87,857 | ||
| Postage stationery and adverts |
51,855 | 41,365 | |||
| Training meetings and travel expenses |
46,926 | 104,852 | |||
| Miscellaneous expenses |
12,433 | 11,120 | |||
| Depreciation | 26,615 | 20,342 | |||
| Staffcosts - charitable | 807,971 | 842,163 | |||
| 1,554,727 | 1,665,401 |
| FOR THE YEAR ENDED 30 | JUNE 2021 | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020f | |||||
| Support | costs | |||||
| Other | ||||||
| Support | costs | —charitable | 628,979 | 632,802 | ||
| Support | costs | —governance | 1,203 | 2,672 | ||
| Support | costs | —voluntary | income | 22,150 | 23,203 | |
| 652,332 | 658,677 | |||||
| Governance | costs | |||||
| Wages | 18,356 | 19,135 | ||||
| Auditors' | remuneration | 6,000 | 6,000 | |||
| 24,356 | 25,135 | |||||
| Total resources | expended | 3,468,889 | 3,537,101 | |||
| Net (expenditure)/income | before gains and | |||||
| losses | (61,586) | |||||
| Realised | recognised | gaias | and Iosstn | |||
| Realised gains/(losses) | on fixed asset investments | 23,600 | (20,761) | |||
| Net expenditure | (37,986) | (20,313) |