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|||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.|
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||||||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|
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|||||||||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|
##
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##
|||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)|