##
##
##
||||
|---|---|---|
|Trustees|Henry Thompson||
||Elaine Halford||
||Edward Rogers||
||Timothy Morton||
||Bethan Lloyd||
||Geoffrey Stagg||
|Secretary|Angels Wright|(Chief Office)|
|Charity number|1139537||
|Company number|04029394||
|Registered oNce and Principal address|Business Box||
||3Oswln Road||
||Braunstone||
||Leicester||
||LE3 1HR||
|Auditor|David Mayfleld|FCA|
||Mayfleld
&Co.||
||2 Merus Court||
||Meridian
Business Park||
||Leicester||
||LE191Rl||
|Bankers|Unity Trust Bank Pic||
||Nine Brlndley Place||
||Birmingham||
||912HB||
|Solkitors|Welghtmans
LLP||
||71Princess Road West||
||Leicester||
||LE1STR||
##
||||Page|
|---|---|---|---|
|Trustees report|||1-13|
|Trustees Responsibility||Statement||
|Independent|auditor's|report|15-17|
|Consolidated|statement offinancial activities||18-19|
|Consolidated|balance sheet||20-21|
|Charity balance sheet|||22-25|
|Consolidated|statement|ofcash flows|24|
|Notes tothe|accounts||25-46|
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|8-Inspired||utcome|
|---|---|---|
|Number ofSign ups|||
|Number ofMen|||
|Number Other|||
|Number ofWomen|||
|Economically
Inactive|||
|Job Outcomes|||
|Education Outcomes|15||
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##
##
||||2022||2021||
|---|---|---|---|---|---|---|
|||Notes|6||6||
|Pined assets|||||||
|Tangible assets||||1,227,054||1,025,355|
|Investment
properties||||7,890,000||6,745,000|
|||||9,117,054||7,770,355|
|Current assets|||||||
|Debtors||16|86,646||62,812||
|Cash at bank and in|hand||1,225,571||1,231,255||
||||1,312,217||1,294,067||
|Credkors: amounts|falling due within one||||||
|year||17|(365,821)||(276,053)||
|Net current assets||||946,396||1,018,014|
|Total assets less current gabllltles||||10,063,450||8,788,369|
|Provisions for gabllltles||||(524,000)||(826,000)|
|Net assets||||9,539,450||7,962,369|
|Capital funds|||||||
|Endowment
funds||20||5,000,000||5,000,000|
|Income funds|||||||
|Restricted funds||21||57,840||65,964|
|Unrestricted
funds|||||||
|Designated
funds||23|465,288||433,493||
|General unrestricted|funds|22|4,196,334||3,148,924||
|Revaluation
reserve|||343,988||139,988||
|Pension reserve|||(524,000)||(826,000)||
|||||4,481,610||2,896,405|
|||||9,539,450||7,962,369|
##
##
##
##
||||2022||2021||
|---|---|---|---|---|---|---|
||||6||5||
|Fixed assets|||||||
|Tangible assets||13||1,227,054||1,025,355|
|Investment
propertIes||14||7,890,000||6,745,000|
|Investments||15||1||1|
|||||9,117,055||7,770,356|
|Current assets|||||||
|Debtors|||119,463||81,235||
|Cash at bank and In|hand||1,087,512||1,114,820||
||||1,206,975||1,196,055||
|Creditors: amounts|falling due within one||||||
|||17|(260,580)||(178,042)||
|Net current assets||||946,395||1,018,013|
|Total assets less current gabgltles||||10,063,450||8,788,369|
|Provisions for liabgltles||18||(524,000)||(826,000)|
|Net assets||||9,539,450||7,962,369|
|Capkal funds|||||||
|Endowment
funds||20||5,000,000||5,000,000|
|Income funds|||||||
|Restricted funds||21||57,840||65,964|
|UnrestrIcted
funds|||||||
|Designated
funds||23|465,288||433,493||
|General unrestricted|funds|22|4,196,334||3,148,924||
|Revaluation
reserve|||343,988||139,988||
|Pension reserve|||(524,000)||(826,000)||
|||||4,481,610||2,896,405|
|||||9,539,450||7,962,369|
##
##
##
##
|||||Notes|2022||2021||
|---|---|---|---|---|---|---|---|---|
||||||6|6|6||
|Cash flows from operating|activities||||||||
|Cash (absorbed
by)/generated||from operations||||(5,983)||420,317|
|Income taxes paid|||||||||
|||||||(107)|||
|Net cash Inflow from operating||activities||||(6,090)||420,317|
|Investing activities|||||||||
|Investment
income received|||||||412||
|Net cash generated
from/(used||In) immstlng|activities|||405||412|
|Net cash used In financing|activities||||||||
|Net (decrease)/increase
In cash and cash equivalents||||||(5,685)||420,729|
|Cash and cash equivalents|at beginning ofyear|||||1,231,255||810,526|
|Cash and cash equivalents|st end ofyear|||||2,225,525||1,231,255|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Restricted|Total|Unrestdcted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2022|2022|2022|2021|2021|2021|
|||E|8|E|E||E|
|Donations and gifts||7,806|371|8,177|9,103||9,103|
|Grants||91,008|234,009|325,017|365,405|193,088|558,493|
|||~eAII4|234,ua|585,191|514,sac|19K,IM|S67516,|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2022|2022|2022|2021|2021|2021|
|||E||6|||E|
|Donations||||||||
|General donations||7,806|371|8,177|9,103||9,103|
|Grants Receivable||||||||
|Big Lottery Reducing Isolation||||||||
|Fund|||12,695|12,695||37,002|37,002|
|BigLottery Community|Fund|||||||
|Work Uve Leicestershlre||63,256||63,256|53,236||53,236|
|Garfield Weston Fund|||||40,000||40,000|
|Job Retention Scheme||||6,441|97,266|13,751|111,017|
|Power to Change Grant|||145,999|145,999|30,000|123,014|153,014|
|Masonic Foundation|||19,817|19,817||19,321|19,321|
|Leicester City Covid||21,311||21I311|63,241||63,241|
|Foodshare|||||41,134||41,134|
|Action Homeless|||10,000|10,000||||
|Police Crime Commissioner|||12,014|12,014||||
|Football Foundation|||16,319|16,319||||
|HAF Hogday Hunger Scheme|||13,038|13,038||||
|Other sundry grants|||4,127|4,127|40,528||40,528|
|||91,008|234,009|325,017|365,405|193,088|558,493|
##
##
##
|||2022|2022|2022|
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|Services Provided|Under Contract|362,509||362,509|
|Other Income||83,274|942|84,216|
|Advertising
Income||840||840|
|Rent &Room Hire||934,277||934,277|
|||1,380,900|942|1,381,842|
|||2021|2021|2021|
|||Unrestricted|Restricted|Total|
|Services Provided|Under Contract|362,365||362,365|
|Other Income||74,551|1,036|75,587|
|Advertising
Income||2,969||2,969|
|Rent &Room Hire||840,481||840,481|
|||1,280,366|1,036|1,281,402|
##
|||2022|2022|2022|
|---|---|---|---|---|
|||Unrestricted|Designated|Total|
|Interest|received|169|236|405|
|||169|236|405|
|||2021|2021|2021|
|---|---|---|---|---|
|||Unrestricted|Designated|Total|
|Interest|received|220|192|412|
|||220|192|412|
##
##
##
|6.
Charitable acti|vities|||||||
|---|---|---|---|---|---|---|---|
|||Charitable|Charltabk||Charitable|Charitable||
|||Activities|Activities|Total|Activities|Activities|Total|
|||Unrestricted|Restricted||Unrestricted|Restricted|2021|
|Staffcosts||630,269|131,287|761,556|559,623|206,258|765,881|
|Depreciation
and||||||||
|Impairment||2,300||2,300|2,709||2,709|
|Premises costs||384,430|50,397|418,508|293,229|5,318|298,547|
|Motor and travel||2,857||2,857|968|42|1,010|
|Legal and professional|fees|16,892||16,892|10,870|2,250|13,120|
|Prolect activity and||||||||
|equipment
costs||94,190|53,862|148,052|105,036|9,496|114,532|
|Suppges and services||11,316|4,402|15,718||||
|Irrecoverable
input VAT||41,254|3,498|44,752|46,104|1,117|47,221|
|Bank charges||3,545||3,545||||
|Bad debts||1,076||1,076||||
|Rebates due totenants||39,771||39,771||||
|||1,183,781|243,446|1,427,227|1,018,986|224,481|1,243,467|
|Share ofgovernance|costs|||||||
|(see note 9)||81,536||81,536|70,274||70,274|
|||1,265,317|227,127|1,508,763|1,089,260|224W1|1,313,741|
|Analysis
by fund||||||||
|Unrestricted
funds||1,163,654||1,163,654|1,077,462||1,077,462|
|Designated
funds||101,663||101,663|11,798||11,798|
|Restricted funds|||243,446|243,446||224,481|224,481|
|||1,265,317|227,127|1,508,763|1,089,260|224,481|1,313,741|
##
##
##
##
##
##
|Cost ofg|enerating
fun|ds|||||||
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
||||||Unrestricted|Restricted|2022|2021|
||||||6|8|8|8|
|Staff costs|||||138,749||138,749|141,825|
|Premises|costs||||99,065||99,065|71A02|
|Legal and|professional|fees|||2,623||2,623|2,160|
|Supplies and services|||||40,160||40,160|50,023|
||||||280,597||280,597|265,410|
|Support costs|||||||||
||||Support costs|Governance|2022|2021|||
|||||Islets|||||
||||8|8|||||
|Staffcosts||||59,536|59,536|47,774|||
|Audit and|accountancy|fees|||||||
|||||22,000|22,000|22,500|||
|||||81,536|81,536|70,274|||
|Analysed|between||||||||
|Charitable|activities|||81,536|81,536|70,274|||
##
##
##
##
##
##
|Employment
costs|2022|2021|
|---|---|---|
||8|8|
|Wages and salaries|734,111|769,799|
|Social security costs|52,899|58,244|
|Other pension costs|127,437|127,437|
||915,722|955~0|
|The|number
of employees|whose|annual|remuneration|was 660,000 or more|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||Number|Number|
|Band|660,000to 670,000|||||||
|Band|680,000to690,000|||||||
##
|Unrestricted|Total|
|---|---|
|funds||
|2022|2021|
|1,145,000||
##
##
##
##
##
|Investment
property
(Grou|p and Charity)||
|---|---|---|
|||2022|
|||6|
|Fair value|||
|At1April 2021||6,745,000|
|idet gains or losses through|fair value adjustments|1,145,000|
|At 31March 2022||7,890,000|
##
##
##
##
|Cost or valuation|||||
|---|---|---|---|---|
|At 1Aprg 2021 Ik31March 2022|||||
|Carrying amount|||||
|At31March 2022|||||
|At 31March 2021|||||
||||2022|2021|
|Other investments|comprise:|leutes|||
|Investments
In subsidiaries||26|||
##
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2022|2021||2021|
|Amounts|faglng due within one year:||6|6|E|6|
|Trade debtors|||86,646|52,162|57,689|18,002|
|Amounts|due from subsidiary|undertakings|||61,774|55,609|
|Other debtors||||10,650||7,624|
||||86,646|62,812|119,463|81,235|
##
##
##
##
##
##
##
##
||||31/03/2022|S1/OS/2021|
|---|---|---|---|---|
||||(EOOOs)|(EOOOs)|
|Fair value ofplan assets|||3,516|3,328|
|Present value ofdefined|benefit|obligation|4,040|4,154|
|Surplus (deficit) In plan|||(524)|(826)|
|Unrecognised
surplus|||||
|Defined benefit
asset (Rabillty)||to be recognised|(524)|(826)|
|Deferred tax|||||
|Net defined benefit asset|(liability) to be recognised||(524)|(826)|
##
||||||31/03/2022|
|---|---|---|---|---|---|
||||||(EOOOs)|
|Defined|benefit obligation at start ofperiod||||4,154|
|Cunent service cost||||||
|Expenses|||||4|
|Interest expense|||||90|
|Member|Contributions|||||
|Actuarial|losses (gains)|due to scheme|expedience||207|
|Actuarial|losses (gains)|due to changes|In demographic|assumptions|(63)|
|Actuarial|losses (gains)|due to changes|in financial assumptions||(295)|
|Benefits|paid and expenses||||(57)|
|Uabllltles|acquired
in a|business combination||||
|Llablfities|extinguished|on settlements||||
|Losses (gains) on curtailments||||||
|Losses (gains) due to benefit changes||||||
|Exchange|rate changes|||||
|Defined benefit
obligation at end ofperiod|||||4,040|
##
||||Period from 31|
|---|---|---|---|
||||March 2021to|
||||31March 2022|
||||(EOOOs)|
|Fair value of plan assets at start ofperiod|||3,328|
|Interest income|||73|
|Experience on plan assets (excluding amounts|included|in interest||
|income) - gain (loss)|||75|
|Employer Contributions|||97|
|Member Contributions||||
|Llablgtles acquired
In a business combination|||(37)|
|Assets acquired
in a business combination||||
|Assets distributed
on settlements||||
|Exchange rate changes||||
|Fair Value ofplan assets at end ofperiod|||3,516|
##
|||||Period|from|31|
|---|---|---|---|---|---|---|
|||||March|2021|to31|
|||||March 2022|||
|||||(EOOOs)|||
|Current service cost|||||||
|Expenses||||||4|
|Net interest expense|||||17||
|Losses (gains) on business combinations|||||||
|Losses (gains) on settlements|||||||
|Losses (gains) on curtallments|||||||
|Losses (gains) due to benefit changes|||||||
|Defined benefit costs recognised|in statement|ofcomprehensive|income||||
|(SDCI)|||||21||
##
##
##
##
||||||Period from|Period from|
|---|---|---|---|---|---|---|
||||||SiMamh|2021|
||||||toSlMarch||
||||||2022||
||||||(6000s)||
|Experience on plan assets (excluding amounts
included
in net interest cost)-|||||||
|gain (loss)||||||75|
|ExperIence gains and losses arising on the plan liabilities - gain|||(loss)|||(207)|
|Effects ofchanges
in the demographic
assumptions|underlying||the|present|||
|value ofthe defined benefit obligation - gain (loss)|||||||
|Effects ofchanges
in the financial
assumptions
underlying||the|present value of||||
|the defined benefit obggation
-gain (loss)||||||295|
|Total actuarial gains and losses (before restriction|due to|some ofthe surplus|||||
|not being recognlsable) - gain (loss)||||||226|
|Effects ofchanges
In the amount ofsurplus that is|not recoverable|||(excluding|||
|amounts
Included
In net Interest cost) - gain (loss)|||||||
|Total amount
recognised
in other comprehensive|Income|- gain (loss)||||226|
##
##
##
|18.
Defined Benefit|Pension Scheme Continued|||
|---|---|---|---|
|ASSETS||||
|||31/03/2022|31/03/2021|
|||(6000s)|(6000s)|
|Global Equity||675|531|
|Absolute
Return||141||
|Distressed Opportunities||126|96|
|Credit Relative Value||117|105|
|Alternative
Risk Premia||116|125|
|Fund of Hedge Funds||||
|Emerging
Markets Debt||102|134|
|Risk Shadng||116|121|
|Insurance-Linked
Securities||82||
|Property||95||
|Infrastructure||250|222|
|Private Debt||90|79|
|Opportunistic
llllquld|Credit|118|85|
|High yield||30||
|Opportunistic
Credit||13||
|Cash||12||
|Corporate
Bond Fund||235|197|
|Liquid Credit||||
|Long Lease Property||90|65|
|Secured Income||131|138|
|Uablllty
Driven Investment||981||
|Currency
Hedging||(14)||
|Net Current Assets||10|20|
|Total Assets||3,3516|3,328|
##
|EYASSUM|PllONS||||
|---|---|---|---|---|
||||31March 2022|31March 2021|
||||%per annum|%per annum|
|Discount|Rate||2.79%|2.17%|
|Inflation|(RPI)||3.57%|3.28%|
|Inflation|(CPI)||3.19%|2.86%|
|Salary Growth|||4.19%|3.86%|
|Allowance|for commutation|ofpension for cash at|75%ofmaximum|75%ofmaximum|
|retirement|||allowance|allowance|
##
##
||||Ufe expectancy|
|---|---|---|---|
||||atage 55|
||||Iyearsi|
|Male retiring|in|2022|21.1|
|Female rebring||in 2022|23.7|
|Male regdng|in|2042|22.4|
|Female retiring||in 2042|25.2|
##
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|27.
Cash generated|27.
Cash generated|from operations|from operations|from operations||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||||||6|6|
|Surplus for|the year|||||||1,071,081|270,259|
|Ad]ust
ments|for:|||||||||
|Taxation||||||||||
||||||||||12|
|Investment|income|recognised||in statement||offinancial|activities|||
|||||||||(405)|(412)|
|Fair value gains and||losses on|Investment||properties|||||
|||||||||(1,145,000)||
|Depreciation|and impairment||oftangible||fixed assets|||||
|||||||||2,300|2,709|
|Movements|in working capltah|||||||||
|(Increase)/decrease||in debtors||||||(29,968)|155,466|
|Increase/(decrease)||In creditors||||||96,009|(7,717)|
|Cash (abso*ed by)/generated||||from operations||||(5,983)|420,317|
|28.
Analysis ofchanges
In net||||funds||||||