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2021-03-31-accounts

Company number: 07032063 Charity Number: 1132741

Talbot House Support Centre

Report and financial statements For the year ended 31 March 2021

Talbot House Support Centre

Reference and administrative information

for the year ended 31 March 2021

Company number 07032063

Charity number 1132741

Registered office and operational address

Talbot House 1 High Peak Street Newton Heath Manchester M40 3AT

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Paul Cassidy Chair Denise Price Treasurer Helen Bottomley Abigail Birch Ann Fleming June Jackson Martin Rathfelder Key management personnel Bernie Wood Principal staff Francis Crake Principal staff Bankers The Co-operative Bank plc PO Box 101 1 Balloon Street Manchester M60 4EP Independent Examiner Jennifer Daniel FCCA DChA Slade & Cooper Limited Beehive Mill, Jersey Street, Manchester, M4 6JG

1

Talbot House Support Centre

Trustees’ annual report

for the year ended 31 March 2021

The trustees present their report and the unaudited financial statements for the year ended 31 March 2021. Included within the trustees’ report is the directors’ report as required by company law.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

To relieve children and adults with learning disabilities by the provision of practical advice, guidance, training and support in such other ways as the centre shall determine, to their parent carers/unpaid carers in the North West.

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

Activities

2

Talbot House Support Centre

Trustees’ annual report

for the year ended 31 March 2021

Achievements and performance 2020 - 21

The charity's main activities and who it tries to help are described below. All its charitable activities focus on Parent Carers and are undertaken to further Talbot House’s charitable purposes for the public benefit.

3

Talbot House Support Centre

Trustees’ annual report

for the year ended 31 March 2021

Financial review

At the end of the 2020/21 financial year we are very happy to be in a healthy financial position with £110,607 funds held, with £33,347 being restricted funds.

Our main local authority contract is reviewed annually and we have been informed that we have assurances that the contract will run until 31 March 2023, with the intention to review our service to ensure that the specialist support and advice services are closely aligned to adult social care delivery of core statutory and wellbeing duties.

The funding we receive from ‘Our Manchester’ is assured until 31 March 2022. An additional local authority grant for the children’s services will also run until 31 March 2022 and will be subject to the same conditions as both the Main and ‘Our Manchester’ contracts.

We are continuing to look to diversify our funding streams in the future to ensure long term sustainability. We acknowledge that current staffing will need to be reviewed, with a goal to expand our support staff to meet the demand for our services.

Reserves policy

Our reserves policy, agreed by trustees, is to maintain a minimum of three months core running costs in reserve i.e. total expenditure against project (restricted) funding. This is calculated on an annual basis and for the financial year 2020-21 this amounted to £43,203. Our unrestricted reserves are held in the Talbot House Support Centre Fixed Rate Deposit account at the Co-operative bank.

The unrestricted funds in reserve are sufficient to meet short term operational costs and this enables the charity to cope with unplanned events (2021: £77,260). Very often, the effects of events can be

4

Talbot House Support Centre

Trustees’ annual report

for the year ended 31 March 2021

managed in the long term, but the charity needs reserves in the meantime. The reserves policy takes into account the nature of the charity’s activities and the level of external risk perceived by the trustees. It will also depend on what other action the charity is taking to mitigate the effects of the external threats, as this will affect the level of risk.

The organisation will attempt to maintain an overall target level to accommodate any changes to service funding. We would take advantage of the notice periods on funding arrangements to allow us to remodel the service if required. The Trustees will review the level of reserves annually and monitor during the course of the year as part of the charity’s budgetary process in line with guidance issued by the Charity Commission.

Plans for the future

Our 2020-23 business strategy has four key aims to:

The focus for 2020 – 2023 will retain the four key aims but with an increased emphasis on the financial sustainability of the organisation.

Structure, governance and management

Trustees are recruited through advertising with the local volunteer bureau or at the recommendation of other trustees/supporters of Talbot House. The process for becoming a trustee is an informal interview where the prospective trustee is provided with a role description and their interests and commitment are discussed. Trustees are then elected by the board having first been proposed by one of them. No other external person or body is entitled to appoint trustees.

The organisation is a charitable company limited by guarantee, incorporated on 28[th] September 2009 and registered as a charity on 17th November 2009.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. The charitable objects were amended and approved November 19 2018 in order to allow Talbot House Support Centre to best meet the needs of parent carers in the future.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 12 to the accounts.

Remuneration policy for key management personnel

5

Talbot House Support Centre

Trustees’ annual report

for the year ended 31 March 2021

In setting the pay for the charity’s key management and personnel, we use the Local Authority pay scales as guidance. However please note none of our key management staff have received any significant pay rise or increment for several years.

Risk management

Talbot House has a risk management policy which is reviewed annually. This sets out the major risks to the charity and details the actions required in the event of any of these risks becoming reality. In addition at every board meeting the financial risks are reviewed using the treasurer’s report and cashflow to anticipate and take timely action in the event of financial risks. All required policies are in place and reviewed annually and updated as required.

Funds held as custodian trustee on behalf of others

No funds held

6

Talbot House Support Centre

Trustees’ annual report

for the year ended 31 March 2021

Statement of responsibilities of the trustees

The trustees (who are also directors of Talbot House Support Centre for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The trustees’ annual report has been approved by the trustees on 3[rd] December 2021 and signed on their behalf by

Paul Cassidy (Chair)

7

Independent examiner’s report

to the trustees of

Talbot House Support Centre

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2021 which are set out on pages 9 to 22.

Responsibilities and basis of report

As the charity 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 company’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

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 that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

Jennifer Daniel FCCA DChA

Slade & Cooper Limited Beehive Mill, Jersey Street Manchester, M4 6JG

Date 7[th] December 2021

8

Talbot House Support Centre

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2021

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
7,774
Charitable activities:
4
Support Centre
150,073
5
1,284
Investments
6
84
Total income
159,215
Expenditure on:
Charitable activities:
7
Support Centre
135,343
Total expenditure
135,343
9
23,872
Transfer between funds
-
Net movement in funds for the year
23,872
Reconciliation of funds
Total funds brought forward
53,388
Total funds carried forward
77,260
Other trading activities
Net income/(expenditure) for the
year		 Restricted
funds
£
-
60,380
-
-
60,380
36,123
36,123
24,257
-
24,257
9,090
33,347		 Total funds
2021
£
7,774
210,453
1,284
84
219,595
171,466
171,466
48,129
-
48,129
62,478
110,607		 Total funds
2020
£
12,454
165,132
9,922
123
187,631
164,384
164,384
23,247
-
23,247
39,231
62,478

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

9

Talbot House Support Centre Company number 07032063

Balance sheet as at 31 March 2021

Note
£
£
Fixed assets
Tangible assets
14
5,197
Total fixed assets
5,197
Current assets
Debtors
15
16,724
Cash at bank and in hand
94,695
Total current assets
111,419
Liabilities
Creditors: amounts falling
due in less than one year
16
(6,009)
Net current assets
105,410
Total assets less current liabilities
110,607
Net assets
110,607
The funds of the charity:
Restricted income funds
17
33,347
Unrestricted income funds
18
77,260
Total charity funds
110,607
2021		 £
£
7,795
7,795
14,402
43,735
58,137
(3,454)
54,683
62,478
62,478
9,090
53,388
62,478
2020		 £
£
7,795
7,795
14,402
43,735
58,137
(3,454)
54,683
62,478
62,478
9,090
53,388
62,478
2020
7,795
54,683
62,478
62,478
9,090
53,388
62,478

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 12 to 22 form part of these accounts.

Approved by the trustees on 03/12/2021 and signed on their behalf by:

Denise Price (Treasurer)

10

Talbot House Support Centre

Statement of Cash Flows

for the year ended 31 March 2021

Note
2021
£
Cash provided by/(used in) operating activities
20
50,876
Cash flows from investing activities:
Dividends, interest, and rents from investments
84
Purchase of tangible fixed assets
-
Cash provided by/(used in) investing activities
84
Cash provided by/(used in) financing activities
-
50,960
Cash and cash equivalents at the beginning of the year
43,735
Cash and cash equivalents at the end of the year
94,695
Increase/(decrease) in cash and cash
equivalents in the year		 2020
£
12,950
123
(10,393)
(10,270)
-
2,680
41,055
43,735

11

Talbot House Support Centre

Notes to the accounts for the year ended 31 March 2021

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with 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), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.

Talbot House Support Centre meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

12

Talbot House Support Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

d Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

e Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

f Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g Tangible fixed assets

Individual fixed assets costing £1000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Asset Category Annual rate Equipment 33%

13

Talbot House Support Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

h Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

i Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

j Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

k Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 10. There were no outstanding contributions at the year end.

The money purchase plan is managed by NEST Plc and the plan invests the contributions made by the employee and employer in an investment fund to build up over the term of the plan a pension fund which is then converted into a pension upon the employee’s normal retirement year age when eligible for a state pension. The trust has no liability beyond making its contributions and paying across the deductions for the employee’s contributions. There were no contributions outstanding at the year-end.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

3 Income from donations and legacies

Donations
Total		 Unrestricted
£
7,774
7,774		 Restricted
£
-
-		 Total 2021
£
7,774
7,774

14

Talbot House Support Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

Income from donations and legacies continued

Donations
Total
Income from charitable activities
Manchester City Council
Tudor Trust Grant
Sing and sign
Other small grants
Total
Manchester City Council
Tudor Trust Grant
Sing and sign
Other small grants
Total
Previous reporting period
Previous reporting period		 Unrestricted
£
12,454
12,454
Unrestricted
£
138,629
-
-
11,444
150,073
Unrestricted
£
140,586
-
-
4,526
145,112		 Restricted
£
-
-
Restricted
£
-
52,000
-
8,380
60,380
Restricted
£
-
16,000
3,000
1,020
20,020		 Total 2020
£
12,454
12,454
Total 2021
£
138,629
52,000
-
19,824
210,453
Total 2020
£
140,586
16,000
3,000
5,546
165,132

4 Income from charitable activities

15

Talbot House Support Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

5 Income from other trading activities

Income from other trading activities
Fundraising
Other
All income from other trading activities is unrestricted.		 2021
£
703
581
1,284		 2020
£
9,381
541
9,922

6 Investment income

Income from bank deposits
All investment income is unrestricted.
Analysis of expenditure on charitable activities
Staff costs
Project costs
Depreciation
Admin
Premises costs
Restricted expenditure
Unrestricted expenditure
Governance costs (see note
8)		 2021
£
84
84
Total 2021
£
127,415
3,310
2,598
19,757
15,647
2,739
171,466
2021
£
36,123
135,343
171,466		 2020
£
123
123
Total 2020
£
120,023
6,598
2,598
15,728
16,739
2,698
164,384
2020
£
18,996
145,388
164,384

7 Analysis of expenditure on charitable activities

16

Talbot House Support Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

8 Analysis of governance costs

Trustee Expenses
Accountancy services
9
Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation
Accountancy fees
Payroll bureau and other fees
10
Staff costs
Staff costs during the year were as follows:
Wages and salaries
Social security costs
Pensions
Other staff costs
Independent examiner's fee		 Total 2021
£
-
2,739
2,739
2021
£
2,598
1,176
600
963
2021
£
121,832
4,640
909
34
127,415		 Total 2020
£
-
2,698
2,698
2020
£
2,598
1,176
600
922
2020
£
112,195
5,646
962
-
118,803

No employees has employee benefits in excess of £60,000 (2020: Nil).

The average number of staff employed during the period was 7 (2020: 6).

The key management personnel of the charity comprise the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £55,297 (2020: £55,758).

17

Talbot House Support Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

11 Trustee remuneration and expenses, and related party transactions

Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2020: Nil).

No (two) members of the management committee received travel and subsistence expenses during the year (2020:£686).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2020: nil).

12 Government grants

The government grants recognised in the accounts were as follows:

Manchester City Council 2021
£
138,629
138,629		 2020
£
140,586
140,586

13 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

18

Talbot House Support Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

14 Fixed assets: tangible assets

Building
improvements
Cost
£
28,557
Additions
-
Disposals
-
28,557
Depreciation
20,762
Charge for the year
2,598
Disposals
-
23,360
Net book value
5,197
7,795
15
Debtors
Grants receivable
Trade debtors
Prepayments and accrued income
16
Creditors: amounts falling due within one year
Other creditors and accruals
At 1 April 2020
At 31 March 2021
At 1 April 2020
At 31 March 2021
At 31 March 2021
At 31 March 2020		 Website
£
10,092
-
-
10,092
10,092
-
-
10,092
-
-
2021
£
3,343
13,381
-
16,724
2021
£
6,009
6,009		 Equipment
£
21,128
-
-
21,128
21,128
-
-
21,128
-
-
2020
£
-
14,102
300
14,402
2020
£
3,454
3,454		 £
59,777
-
-
Total
59,777
51,982
2,598
-
54,580
5,197
7,795

19

Talbot House Support Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

17 Analysis of movements in restricted funds

Support Centre
Community Development
The Tudor Trust
Greater Manchester Police
Proceeds of Crime Fund
Sing and sign
Bed grant
Adamson Trust
Triangle Trust
Personal donation
We Love Manchester
The National Lottery
NHS-Wellbeing
Our Manchester
Total
Support Centre
Community Development
The Tudor Trust
Greater Manchester Police
Proceeds of Crime Fund
Sing and sign
Bed grant
Adamson Trust
Triangle Trust
Personal donation
Total
Previous reporting period		 Balance at
1 April
2020
£
216
2,761
-
2,735
430
350
1,754
844
-
-
-
-
9,090
Balance at
1 April
2019
£
216
3,692
826
-
-
-
26,059
844
31,637		 Income
£
-
52,000
-
-
-
-
-
-
3,000
1,500
380
3,500
60,380
Income
£
-
16,000
-
3,000
670
350
-
-
20,020		 Expenditure
£
-
(32,017)
-
-
-
-
-
-
(1,070)
(1,500)
(369)
(1,167)
(36,123)
Expenditure
£
-
(16,931)
(1,560)
(265)
(240)
-
-
-
(18,996)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
Transfers
£
-
-
734
-
-
-
(24,305)
-
(23,571)		 Balance at
31 March
2021
£
216
22,744
-
2,735
430
350
1,754
844
1,930
-
11
2,333
33,347
Balance at
31 March
2020
£
216
2,761
-
2,735
430
350
1,754
844
9,090

20

Talbot House Support Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

17 Analysis of movements in restricted funds (continued)

Community Development grant: to fund carers breaks.

The Tudor Trust: The Thrive Project -This is a 3 year grant to provide a service to older parent carers over 50, supporting their immediate needs but also working with them to plan for the future.

Adactus Housing: This funding was to provide carers lunches. Carers trips

GMP grants: Funding was to provide carers events.

NHS: funding for providing carer's lunches.

Triangle Trust: Part funding Talbot House service development over three years. Transfer represents staff cost that had not been correctly allocated to the fund in previous years.

We Love Manchester: Funding for new IT equipment and protective desk screens for staff.

The National Lottery: Funding for new Laptop, phone and printer for staff member working from home.

NHS-Wellbeing: Funding for a new Laptop.

Our Manchester: Salary contributions to turn a part time rold to full time for 12 months.

18 Analysis of movement in unrestricted funds

General fund
Previous reporting period
General fund
General fund
Name of		 Balance
at 1 April
2020
Income
Expenditure
Transfers
As at 31
March 2021
£
£
£
£
£
53,388
159,215
(135,343)
-
77,260
53,388
159,215
(135,343)
-
77,260
Balance at
1 April
2019
Income
Expenditure
Transfers
Balance at
31 March
2020
£
£
£
£
£
7,594
167,611
(145,388)
23,571
53,388
7,594
167,611
(145,388)
23,571
53,388
Description, nature and purposes of the fund
The free reserves after allowing for all designated funds		 As at 31
March 2021
£
77,260
77,260
Balance at
31 March
2020
£
53,388
53,388

21

Talbot House Support Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

19 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total		 General
fund
£
5,197
72,063
77,260		 Restricted
funds
£
-
33,347
33,347		 Total
£
5,197
105,410
110,607

20 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Depreciation charge
Loss/(profit) on sale of fixed assets
(Gains)/losses on investments
Dividends, interest and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating		 2021
£
48,129
2,598
-
-
(84)
(2,322)
2,555
50,876		 2020
£
23,247
2,598
-
-
(123)
(13,002)
230
12,950

22