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2021-01-31-accounts

Uthink People Developing People

Charity No. 1150504

Company No. 08314738

Trustees' Report and Unaudited Accounts

31 January 2021

Uthink People Developing People Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report -
Statement of Financial Activities 5
Summary Income and Expenditure Account 6
Balance Sheet 7
Statement of Cash flows 8
Notes to the Accounts 9 to 16
Detailed Statement of Financial Activities 17 to 18

Page 1

Uthink People Developing People Trustees Annual Report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 January 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 08314738

Charity No. 1150504

Principal Office

Suite 16 West Lancashire Investment Centre White Moss Business Park Skelmersdale WN8 9TG

Registered Office

Suite 16, West Lancashire Investment Centre White Moss Business Park Skelmersdale WN8 9TG

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

M. Hegarty J. Murphy G. Pate R. Pate G. Pugh

Directors of Corporate Trustees

Mr Gary Pate

Independent Examiner

ADC Accoubntants Limited 15 Market Street Standish Wigan Lancs WN6 0HW

Page 2

Uthink People Developing People Trustees Annual Report

OBJECTIVES AND ACTIVITIES

What a year it has been, I'm sure that people will agree that events of 2020 are the likes never seen before on a global level. However, Uthink People Developing People rose to the challenge, housing 25 vulnerable adults in Barnsley and Newton Le Willows and are looking to increase this to 70 by the years end. As a social landlord, Uthink have gone above and beyond what a regular landlord would do in many ways - providing the funds for tenants to get provisional driving licences or birth certificates that enable them to get themselves a bank account, funding counselling sessions, bringing in a podiatrist to relieve chronic foot pain and distress that affected walking, funding one of our tenants to attend an osteopathto relieve his sciatica, one to one pizza dough making courses, run BBQs and pizza makings days, budgeting and shopping skills by giving tenants £10 and running a cookery session where they gained valuable life skills, photography and art sessions in our Uthink Creative Spaces, fishing rods, tackle and rod licences, guy equipment, building of a patio area and outdoor seating and fire pit, allotment vegetable growing patch and new clothes when in need.

We take a great deal of pride in the work we do with our tenants, offering opportunities normal landlords would not consider.

Uthink Scotland took off on a new level this winter with the introduction of James Murphy, our most northern director. James used local knowledge in December and launched our 2020 Christmas Toy Drive in Edinburgh. With the unprecedented times we were living through during the covid lockdowns, we wished to make Christmas as special as possible for the most marginalised and vulnerable families and individuals in our communities. Throughout December, we worked in partnership with local schools, community centres, refugee groups and homeless organisations. This allowed us to identify individuals most in need of our support and providing us with a breakdown of specific items and presents which were age appropriate and beneficial to the children. From sports equipment, arts and crafts, dolls and imaginary play. This allowed us to provide 1625 Christmas presents for children, 1700 children's clothes, jackets and shoes, 85 large Christmas hampers for families, 300 Christmas hampers for the homeless, 300 boxes of chocolates and 4,300 essential food items for family meals and batch cooking. This was a humbling project for us to be a part of, especially at the end of such a challenging year emotionally, financially and socially.

Uthink Creative remained open during the many lockdowns this year providing safe, covid compliant and socially distanced work spaces for all of our artists. We continued to offer a wide and varied programme of socially distanced and covid 19 compliant activities in this financial term, primarily 'Urban Art', Street Art and photography with workshops and exhibitions at many key locations. We had the opportunity of holding exhibitions for many of our resident artists in our London Creative Spaces in Fibi House and Finchley Road, 23 Piccadilly, York, Horizon House, Aberdeen Old Seals Way, Chester and many others around the country where a number of artists and photographers came together to hold their first ever exhibitions.

This year saw our mental health awareness project 'See You See Me 1000 Faces 1000 Stories, What's Yours?' exhibitions grow in Aberdeen Horizon House, The Skool House in London and Piccadilly York. Never has a project like this been needed as mental health issues are at an all time high. Our 'Read It Forward' preowned books project where many secondhand books that have been donated was put on hold due to Covid 19 restrictions.

Page 3

Uthink People Developing People Trustees Annual Report

Financially, we performed better than expected with the help of the Government Covid Grant Scheme and an increase in donations this year. 100% of funds achieved had been redeployed to meet the charitable aims and objectives of Uthink People Developing People providing housing support officers for our housing schemes. We would like to welcome our newest members to the board, Gail Pugh and Rebecca Pate. We are looking forward to some big projects in the future, these will include - An increase in Specialised Supported Housing for vulnerable adults, food for families - aiming to provide 100,000 meals to vulnerable families, Pizza in the Park, Bee Keeping courses, 2021 Christmas Toy Drive.

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

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

G Pate - Trustee 28 October 2021

Page 4

Uthink People Developing People Independent Examiners Report

Independent Examiner's Report to the trustees of Uthink People Developing People

I report to the charity trustees on my examination of the accounts of Uthink People Developing People for the year ended 31 January 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (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 charity 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 charity'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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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.

Steven Hodson FCCA ADC Accountants Limited 15 Market Street Standish Wigan Lancs WN6 0HW 28 October 2021

Page 5

Uthink People Developing People Statement of Financial Activities

for the year ended 31 January 2021

Notes
Income and endowments
from:
Donations and legacies
4
Other trading activities
5
Other
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8
Other
9
Total
Net gains on investments
Net income/(expenditure)
10
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2021
£
73,438
-
562,285		 Total funds
2021
£
73,438
-
562,285		 Total funds
2020
£
49,845
8,433
-
635,723
7,413
9,615
231,362		 635,723
7,413
9,615
231,362		 58,278
7,144
-
70,647
248,390
-		 248,390
-		 77,791
-
387,333
-		 387,333
-		 (19,513)
-
387,333 387,333 (19,513)
387,333
(5,000)		 387,333
(5,000)		 (19,513)
14,513
382,333 382,333 (5,000)

Page 6

Uthink People Developing People Summary Income and Expenditure Account

for the year ended 31 January 2021

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income/(expenditure) before tax
for the year
Net income /(expenditure )for the year		 2021
£
635,723
635,723
233,795
14,595
248,390
387,333
387,333		 2020
£
58,277
58,277
76,289
1,224
77,513
(19,236)
(19,236)

Page 7

Uthink People Developing People Balance Sheet

at 31 January 2021

Company No.
08314738
Notes
2021
£
Fixed assets
Tangible assets
12
44,858
44,858
Current assets
Debtors
13
23,170
Cash at bank and in hand
337,174
360,344
Creditors:Amount falling due within one year
14
(22,869)
Net current assets/(liabilities)
337,475
Total assets less current liabilities
382,333
Net assets/(liabilities) excluding pension asset or liability
382,333
Total net assets/(liabilities)
382,333
The funds of the charity
Restricted funds
15
Unrestricted funds
15
General funds
382,333
382,333
Reserves
15
Total funds
382,333		 2020
£
3,113
3,113
-
2,183
2,183
(10,296)
(8,113)
(5,000)
(5,000)
(5,000)
(5,000)
(5,000)
(5,000)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and, (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

And signed on its behalf by:

G Pate - Trustee 28 October 2021

Page 8

Uthink People Developing People Statement of Cash flows for the year ended 31 January 2021

Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Increase in trade and other receivables
Increase in trade and other payables
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Net cash used in investing activities
Net cash from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2021
£
387,333
14,595
(23,170)
12,573
391,331
(56,340)
(56,340)
-
334,991
2,183
337,174
337,174
337,174		 2020
£
(19,236)
1,224
(278)
10,297
(7,993)
-
-
-
(7,993)
-
(7,993)
2,183
2,183

Page 9

Uthink People Developing People Notes to the Accounts

for the year ended 31 January 2021

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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 10

Uthink People Developing People Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Trade and other 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other 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.

Page 11

Uthink People Developing People Notes to the Accounts

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 12

Uthink People Developing People Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Other trading activities
Total
Expenditure on:
Raising funds
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
5
Income from other trading activities		 Unrestricted
£
39,049
34,389
73,438		 Unrestricted
funds
2020
£
49,845
8,433
58,278
7,144
70,647
77,791
(19,513)
(19,513)
(19,513)
14,513
(5,000)
Total
2021
£
39,049
34,389
73,438
Total
2021
£
-
-		 Total funds
2020
£
49,845
8,433
58,278
7,144
70,647
77,791
(19,513)
(19,513)
(19,513)
14,513
(5,000)
Total
2020
£
49,845
-
49,845
Total
2020
£
8,433
8,433

Page 13

Uthink People Developing People Notes to the Accounts

6 Other income

Housing Benefits
Other Income
Grants
Support Income
7
Expenditure on raising funds
Costs of generating voluntary
income
8
Expenditure on charitable activities
Expenditure on charitable
activities
Grants made
Governance costs
9
Other expenditure
Other operating leases
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs		 Unrestricted
£
228,212
2,822
117,036
214,215
562,285		 Total
2021
£
228,212
2,822
117,036
214,215
562,285		 Total
2020
£
-
-
-
-
-
Unrestricted
£
7,413
7,413
Unrestricted
£
8,236
1,379
9,615
Unrestricted
£
-
98,110
11,396
71,553
14,595
32,951
2,757
231,362		 Total
2021
£
7,413
7,413
Total
2021
£
8,236
1,379
9,615
Total
2021
£
-
98,110
11,396
71,553
14,595
32,951
2,757
231,362		 Total
2020
£
7,144
7,144
Total
2020
£
-
-
-
Total
2020
£
8,591
47,330
7,931
1,934
1,224
2,437
1,200
70,647

Page 14

Uthink People Developing People Notes to the Accounts

10 Net income/(expenditure) before transfers

This is stated after charging:
Depreciation of owned fixed assets
11 Staff costs
Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess of £60,000.
12 Tangible fixed assets
Cost or revaluation
At 1 February 2020
Additions
At 31 January 2021
Depreciation and
impairment
At 1 February 2020
Depreciation charge for the
year
At 31 January 2021
Net book values
At 31 January 2021
At 31 January 2020
13 Debtors
Trade debtors
Other debtors
14 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals and deferred income		 2021
£
14,595
89,109
4,171
2,018
95,298
2021
£
22,780
390
23,170
2021
£
10,377
11,293
1,199
22,869		 £
15,028
56,340
71,368
11,915
14,595
26,510
44,858
3,113		 2020
£
1,224
47,330
-
-
47,330
£
15,028
56,340
71,368
11,915
14,595
26,510
44,858
3,113
2020
£
-
-
-
2020
£
1,647
7,449
1,200
10,296

Page 15

Uthink People Developing People Notes to the Accounts

15 Movement in funds

Restricted funds:
Unrestricted funds:
General funds
Revaluation Reserves:
Total funds
16 Analysis of net assets between funds
Fixed assets
Net current assets
17 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1
February
2020
(5,000)
(5,000)		 Incoming
resources
(including
other
gains/losses
)
£
635,723
635,723
At 1
February
2020
£		 Resources
expended
£
(248,390)
(248,390)
Unrestricted
funds
£
44,858
337,475
382,333
Cash flows
£		 At 31
January
2021
£
382,333
382,333
Total
£
44,858
337,475
382,333
At 31
January
2021
£
2,183 334,991 337,174
2,183
2,183		 334,991
334,991		 337,174
337,174
18 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases
2021
Land and
buildings
£
Operating leases with expiry date:
Pension commitments
The pension cost charge to the company
amounted to:		 are as follows:
2021
Other
£
2021
£
2,018		 2020
Land and
buildings
£		 2020
Other
£
2020
£
-

Page 16

Uthink People Developing People Notes to the Accounts

19 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 17

Uthink People Developing People Detailed Statement of Financial Activities

for the year ended 31 January 2021

Income and endowments from:
Donations and legacies
Other trading activities
Other
Housing Benefits
Other Income
Grants
Support Income
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Total of expenditure on raising
funds
Charitable activities
Grants made
Governance costs
Total of expenditure on charitable
activities
Other expenditure
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training
Staff welfare		 Unrestricted
funds
2021
£
39,049
34,389
73,438
-
-
228,212
2,822
117,036
214,215
562,285
635,723
7,413
7,413
7,413
8,236
8,236
1,379
1,379
9,615
-
-
89,109
4,171
2,018
2,152
660		 Total funds
2021
£
39,049
34,389
73,438
-
-
228,212
2,822
117,036
214,215
562,285
635,723
7,413
7,413
7,413
8,236
8,236
1,379
1,379
9,615
-
-
89,109
4,171
2,018
2,152
660		 Total funds
2020
£
49,845
-
49,845
8,433
8,433
-
-
-
-
-
58,278
7,144
7,144
7,144
-
-
-
-
-
8,591
8,591
47,330
-
-
-
-

Page 18

Uthink People Developing People Detailed Statement of Financial Activities

Motor and travel costs
Travel and subsistence
Premises costs
Rent
Rates
Light, heat and power
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of
Bank charges
Equipment leasing and hire
charges
General insurances
Software, IT support and related
costs
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 98,110
11,396
11,396
43,175
11,815
1,080
9,924
5,559
71,553
14,595
8
8,352
2,631
2,458
256
18,503
743
47,546
1,200
1,557
2,757
231,362
248,390
-
387,333
387,333
-
387,333
(5,000)
382,333		 98,110
11,396
11,396
43,175
11,815
1,080
9,924
5,559
71,553
14,595
8
8,352
2,631
2,458
256
18,503
743
47,546
1,200
1,557
2,757
231,362
248,390
-
387,333
387,333
-
387,333
(5,000)
382,333		 47,330
7,931
7,931
-
-
1,934
-
-
1,934
1,224
-
-
-
-
-
2,437
-
3,661
1,200
-
1,200
70,647
77,791
-
(19,513)
(19,513)
-
(19,513)
14,513
(5,000)

Page 19

Uthink People Developing People Detailed Statement of Financial Activities

Page 20