| Contents ofthe Financial Statements |
|---|
| for the Year Ended 31 March 2021 |
| Page | ||||
|---|---|---|---|---|
| Report ofthe Ttnstees | I | to | 6 | |
| Report ofthe Independent Auditors |
7 | to | g | |
| Statement ofFinancial | Activities | |||
| Balance Sheet | 10 | |||
| Cash Flow Statement | ||||
| Notes to the Cash Flow Statement | 12 | |||
| Notes to the Financial | Statements | 13 to | 25 |
| Statement of | Statement of | Financial Activities | Financial Activities | |||||
|---|---|---|---|---|---|---|---|---|
| for the | Year Ended 31Mmch | 2021 | ||||||
| 2021 | 2020 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| funds | fund | funds | funds | |||||
| Notes | 8 | g | ||||||
| INCOME | ||||||||
| Grants &Donations | 2 | 201,606 | 201,606 | 211,595 | ||||
| Charitable activities |
5 | |||||||
| Charitable Activities |
446,082 | 452,434 | 898,516 | 659,936 | ||||
| Other Income Investment Income |
3 4 |
37,539 560 |
37,539 560 |
~1403 | ||||
| Total | 685,787 | 452,434 | 1,138,221 | 872,934 | ||||
| EXPENDITURE | ||||||||
| Raising funds | 6 | 12,846 | 12,846 | 8,593 | ||||
| Charitable activities |
||||||||
| Carers Support | 590,330 | 278,281 | 868,611 | 616,231 | ||||
| Total | 603,176 | 278,281 | 881,457 | 624,824 | ||||
| Net income/(expenditure) | and net | movement | in | 82,611 | 174,153 | 256,764 | 248,110 | |
| funds for the year | ||||||||
| RECONCILIATION | OF | FUNDS | ||||||
| Transfer offunds | (18,207) | 18,207 | ||||||
| Total funds brought | fomvard | 768,658 | 168,525 | 937,183 | 689,073 | |||
| TOTAL FUNDS CARRIED FORWARD | ~833062 | ~360885 | 1&193&947 | 937183 |
| Balance Sheet | |||
|---|---|---|---|
| 31 March 2021 | |||
| 2021 | 2020 | ||
| Notes | |||
| FIXED ASSETS | |||
| Tangible assets | 7,971 | 6,273 | |
| CURRENT ASSETS | |||
| Debtors | 12 | 137,300 | 52,915 |
| Cash atbank and in hand | 1,128,022 | 904773 | |
| 1,265,322 | 957,688 | ||
| CREDITORS | |||
| Amounts falling due within one year |
13 | (79,346) | (26,778) |
| NKT CURRENT ASSETS | 1,185,976 | 930,910 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,193,947 | 937,183 | |
| NET ASSETS | ~1193947 | ~937 183 | |
| FUNDS | 15 | ||
| Unrestricted funds: |
|||
| General | 380,632 | 351,728 | |
| Designated | 452,430 | 416,930 | |
| Restricted funds |
360,885 | ~168525 | |
| TOTAL FUNDS | 3793947 | ~937 lll3 |
| Cash Flow Statement | ||||
|---|---|---|---|---|
| for the Year Ended 31March | 2021 | |||
| 2021 | 2020 | |||
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated fiom operations |
228,915 | 167512 | ||
| Net cash provided by operating activities |
228,915 | 167512 | ||
| Cash flows from investing | activities | |||
| Interest Income Purchase oftangible fixed assets |
560 ~6,226 |
1,403 | ||
| Net cash (used in)/provided | by investing | activities | (5,666) | 1,403 |
| Change in cash and cash equivalents | in | |||
| the reporting period |
223,249 | 168,915 | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 904,773 | 735,858 | |
| Cash anil cash equivalents | at the end | of | ||
| the reporting period |
1,128,022 | 904,773 |
| Notes to the Cash Flow Statement for the Year Ended 31March 2021 |
Notes to the Cash Flow Statement for the Year Ended 31March 2021 |
Notes to the Cash Flow Statement for the Year Ended 31March 2021 |
|||
|---|---|---|---|---|---|
| RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM |
OPERATING | ||||
| ACTIVITIES | |||||
| 2021 | 2020 | ||||
| Net income for the | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 256,764 | 248,110 | |||
| Adjustments for: |
|||||
| Depreciation | 4,528 | 3,634 | |||
| Interest Income | (560) | (1,403) | |||
| Decrease / (increase) in debtors | (84,385) | (43,245) | |||
| Decrease / (increase) in creditors |
52 568 | ~39 584 | |||
| Net cash provided | by operations | 228,915 | 167512 | ||
| 2, | ANALYSIS OF CHANGES IN NET FUNDS | ||||
| At 1.4.20 | Cash flow | At 31.3.21 | |||
| 8 | |||||
| Net cash | |||||
| Cash at bank and in | hand | ~904773 | ~223 249 | ~1128022 |
| Unrestrtcted | |||||
|---|---|---|---|---|---|
| Fund | 2021 | 2020 | |||
| L.B.Enfield | —Core Carers Grant | 175,000 | |||
| L.B.Enfield | —CCG Section 75 | 35,000 | |||
| Donation- | Carers Trust Lea Valley Crossroads | 192,552 | 192,552 | ||
| Donations | 9053 | 9053 | I 595 | ||
| Total | ~201 606 | 201 606 | ~211595 |
| 2021f | 2020 | |||
|---|---|---|---|---|
| L.B.Enfield | - Workforce Capacity Grant | 10,000 | ||
| L.B,Enfield | - IPC Payment | 12,372 | ||
| L.B.Enfield | —Covid 19PPE Payment | 5,756 | ||
| HMRC —JRS Grant |
7,149 | |||
| Furlough Grant |
2,204 | |||
| Miscellaneous | Income | 58 | ||
| 37,539 | ||||
| 4. | INVESTMENT INCOME | |||
| 2021 | 2020 | |||
| f. | ||||
| Bank Deposit | Income | 560 | ~1403 |
| INCOME FROM CHAIIITABLE ACTI | VITIES | |||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| Fund | Fund | 2021 | 2020 | |
| Grant and contract income: | ||||
| Strategic Support Funding | 324,959 | 324,959 | 341,536 | |
| Carers Assessment Project |
310,707 | 310,707 | 110,000 | |
| EyPIC —Young Carers Project |
50,435 | 50,435 | 68,028 | |
| Home From Hospital Project | 25,000 | 25,000 | 25,000 | |
| Global Make Some Noise | 45,000 | 45,000 | ||
| Age UK —ICAN | 21,292 | 21,292 | ||
| Older Carem Benefits &Advice Project | 37,000 | |||
| Carers GP &Hospital Support Project |
31,500 | |||
| CEPN Safer Discharge Project | 40,000 | |||
| Enfield Voluntary Action |
6,865 | 6,865 | ||
| London Borough ofEnfield - Vaccination | ||||
| Grant | 880 | 880 | ||
| Home Care Services | 108,863 | 108,863 | ||
| User contributions and other income |
4 515 | 4 515 | 6872 | |
| Total | ~446 082 | 4~52 434 | ~898 516 | ~659936 |
| Raising | Raising | Carers | ||||||
|---|---|---|---|---|---|---|---|---|
| Funds | Support | 2021 | 2020 | |||||
| g | ||||||||
| Staff costs | 12,262 | 596,417 | 608,679 | 407,510 | ||||
| Communication | and IT | costs | 39,654 | 39,654 | 47,653 | |||
| Premises and | equipment | cost | 60,828 | 60,828 | 61,342 | |||
| Other direct | costs | 113,981 | 113,981 | 72,139 | ||||
| Support costs | (Note 7) | 467 | 46,210 | 46,677 | 28,908 | |||
| Governance | costs (Note | 7) | 116 | 11523 | 11639 | 7 272 | ||
| Total | ~12 | 846 | ~868 611 | ~881 457 | ~624 824 |
| General | Governance | ||||
|---|---|---|---|---|---|
| Support | Function | 2021 | 2020 | ||
| General | office staff costs | 4,445 | 4,445 | 2,977 | |
| Premises | office costs | 3,201 | 3,201 | 2,872 | |
| Communication and IT costs |
29,183 | 634 | 29,183 | 12,608 | |
| Professional expenses |
11,668 | 11,668 | 10,906 | ||
| Insurance | 48 | 48 | 1,145 | ||
| Miscellaneous expenses |
2,576 | 2,576 | 1,772 | ||
| Training | Expense | 560 | 560 | 300 | |
| Auditor's | remuneration | 6000 | 6000 | 3 600 | |
| Total | ~46677 | ~11639 | 58316 | 3~6180 |
| 2021 | 2020 | ||
|---|---|---|---|
| g | |||
| Auditor's | remuneration | 6,000 | 3,600 |
| Depreciation | 4 528 | 3,634 |
| STAFF | COSTS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Salaries | 558,492 | 367,719 | |
| National | Insurance | 40,985 | 29,445 |
| Pension | 13647 | 7 133 | |
| 613124 | 4~04 297 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Direct | charitable | work | 23 | 14 |
| Notes to the Financial Statements - continued | |||||
|---|---|---|---|---|---|
| for the Year Ended 31March 2021 | |||||
| 11. | TANGIBLE | FIXEDASSETS | |||
| Fixtures | |||||
| and | Computer | ||||
| fittings | equipment | Totals | |||
| f. | |||||
| COST | |||||
| At 1 April 2020 | 11,537 | 48,277 | 59,814 | ||
| Additions | 6226 | 6226 | |||
| At 31March | 2021 | 11537 | 54 503 | 66 040 | |
| DEPRECIATION | |||||
| At 1 April 2020 | 11,537 | 42,004 | 53,541 | ||
| Charge for year | ~4528 | 4 528 | |||
| At 31 March | 2021 | 11,537 | 46 532 | 58069 | |
| NET BOOK | VALUE | ||||
| At 31 March | 2021 | ~7971 | ~7971 | ||
| At 31 March | 2020 | 6,273 | 6 273 | ||
| 12. | DEBTORS: | AMOUNTS FALLING DUE WITHIN ONK YEAR | |||
| 2021 | 2020 | ||||
| Trade debtors | 124,656 | 40,708 | |||
| Other debtors | 2,204 | 2,419 | |||
| Prepayments | and accrued income | 10,440 | 9,788 | ||
| 137,300 | 52,915 | ||||
| 13. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | ||||
| f. | |||||
| Trade creditors | 13,208 | 2,406 | |||
| Social security and other taxes | 18,547 | ||||
| Other creditors | 3,669 | ||||
| Accnials | 40,091 | 13,203 | |||
| Defen'cd income (Note 17) | 7500 | 7500 | |||
| ~79 346 | ~26 778 |
| Unrestricted | Designated | Restricted | ||
|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | |
| f. | f. | |||
| Tangible Fixed Assets | 7,971 | 7,971 | ||
| Net Current Assets | 372661 | 452 430 | 360 885 | 1 185976 |
| 380632 | 4~52 430 | 3~60 885 | ~1193947 |
| Unrestricted | Designated | Restricted | ||
|---|---|---|---|---|
| F'unds | Funds | Funds | 2020 | |
| f | f. | |||
| Tangible Fixed Assets | 6,273 | 6,273 | ||
| Net Cun ent Assets | 345 455 | 416930 | 168525 | 930910 |
| ~351728 | ~416930 | ~168525 | 9~37 183 |
| Balance as at | Balance as at | |||||
|---|---|---|---|---|---|---|
| 01.04.20 | Income | Expenditure | Transfers | 31.03.21 | ||
| Restricted funds: | ||||||
| Carers Assessment Project |
35,750 | 310,707 | 103,982 | 242,475 | ||
| EYPIC —Young Carers | Project | 1,801 | 50,435 | 70,443 | 18,207 | |
| Carers Fire Prevention | Project | 8,867 | 8,867 | |||
| CEPN Safer Discharge | Project | 72,244 | 12,413 | 59,831 | ||
| Carers GP &Hospital | Support | |||||
| Project | 38,952 | 38,952 | ||||
| Older Carers Benefits &.Advice | ||||||
| Project | 9,526 | 9,526 | ||||
| Replacement Care for |
||||||
| Ambassadors | 1,385 | 1,385 | ||||
| Honte From Hospital Project | 25,000 | 25,000 | ||||
| Global Make Some Noise | 45,000 | 44,699 | 301 | |||
| Age UK —ICAN | 21 292 | 12218 | 9074 | |||
| Total restricted funds |
~168 525 | ~452 434 | ~278 281 | ~18 207 | 3~60 885 | |
| Unrestricted funds: |
||||||
| Designated funds: |
||||||
| Development Fund |
260,120 | 260,120 | ||||
| Services for Young Carers | 72,000 | 72,000 | ||||
| Carers Benefits Advice | 44,810 | 44,810 | ||||
| Carers GP &Hospital | Support | 40,000 | 40,000 | |||
| Transition Project Staff |
35,500 | 35,500 | ||||
| 416,930 | 35,500 | 452,430 | ||||
| General funds | 351 728 | 685 787 | 603 176 | 53 707 | 380 632 | |
| Total unrestricted funds |
~768 658 | ~685 787 | 603 176 | 18207 | 8~33 062 | |
| Total funds | ~937 183 | ~1138221 | ~881 457 | ~1193947 |
| Balance as at | Balance as at | |||||
|---|---|---|---|---|---|---|
| 01.04.19 | Income | Expenditure | Transfers | 31.03.20 | ||
| 8 | f. | 8 | ||||
| Restricted funds: | ||||||
| Carers Assessment Project |
26,237 | 110,000 | 100,487 | 35,750 | ||
| EyPIC - Young Carers | Project | 68,028 | 66,227 | 1,801 | ||
| Carers Fire Prevention | Project | 8,867 | 8,867 | |||
| CEPN Safer Discharge | Project | 46,252 | 40,000 | 14,008 | 72,244 | |
| Carers GP &Hospital | Support | |||||
| project | 32,830 | 31,500 | 25,378 | 38,952 | ||
| Older Carers Benefits &Advice | ||||||
| project | 8,198 | 37,000 | 35,672 | 9,526 | ||
| Replaceiuent care for |
||||||
| Ambassadors | 1 500 | 115 | 1,385 | |||
| Hoiue From Hospital Project | 25 000 | 25 000 | ||||
| Total restricted funds |
~123 884 | ~311528 | ~266 887 | ~16&525 | ||
| Unrestricted funds: |
||||||
| Designated funds: |
||||||
| Developiuent Fund |
60,120 | 200,000 | 260,120 | |||
| Services for Young Carers | 57,293 | 57,293 | 72,000 | 72,000 | ||
| Carers Benefits Advice | 44,810 | 44,810 | ||||
| Carers GP &Hospital | Support | 40,000 | 40,000 | |||
| 117,413 | 57,293 | 356,810 | 416,930 | |||
| General funds | 447 776 | 561406 | 300644 | ~356810 | 351 728 | |
| Total unrestricted funds |
565 189 | 561 406 | 3~57937 | 7~68 658 | ||
| Total funds | ~689 073 | ~872 934 | ~624 824 | 9~37 183 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| f. | ||||
| Balance | as at 1st | April | 7,500 | 7,500 |
| Amount | released | to income in the year | ||
| Amount | deferred | in the year | ||
| Balance | as at 31stMarcli | ~7500 | ~7500 |