| Company Information |
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|---|---|
| Director's Report | |
| Accountant's Report |
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| Income Statement | |
| Statement of Financial | Position |
| Notes to the Financial | Statements |
| Detailed Income Statement |
| 08236953(England and Wales) |
|---|
| Jason Stephanides |
| Jennifer Kelly |
| Laura Mchale |
| Terence Kelly |
| Unit 1 The Lombard Centre |
| Link Road |
| Huyton |
| Merseryside |
| L366AP |
| Horridge and Lever |
| 142Chorley New Road |
| Heaton |
| BL14NX |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | f | |||
| Turnover | 148,622 | 106,721 | ||
| Cost ofraw materials | and consumables | (30,956) | (6,709) | |
| Gross profit | 117,666 | 100,013 | ||
| Selling and distribution | expenses | (1,247) | (8,606) | |
| Administrative expenses |
(120,307) | (86,415) | ||
| Operating loss |
(3,888) | 4,991 | ||
| Loss on ordinary activities before taxation | (3,888) | 4,991 | ||
| Loss forthe year | (3,888) | 4,991 |
| (1)General Information | (1)General Information | (1)General Information | ||
|---|---|---|---|---|
| The charity is limited by guarantee, incorporated in, and consequently does not have share capital. Each ofthe trustees to contribute an amount not exceeding L'1 towards the assets ofthe charity in the event ofliquidation. |
is liable | |||
| Chadty registration number: 1150935 |
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| The address of its registered office is: |
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| Unit 1 The Lombard Centre |
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| Link Road | ||||
| Huyton | ||||
| Merseyside | ||||
| L366AP | ||||
| These financial statements were authorised for issue by the trustees on 6October 2021. |
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| (2)Statement ofcompliance | ||||
| The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Recommended Practice applicable to charities preparing their accounts in accordance with the Financial |
Statement Reporting |
of Standard |
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| applicable in the UK and Republic of Ireland (FRS102)(effective 1 January 2015)-(Charities SORP (FRS102)),the Financial Reporting Standard applicable in the UK and Republic ofIreland (FRS102).They also comply with the Companies Act 2006 and |
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| Charities Act2011. | ||||
| (3) Significant Accounting Policies |
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| The principal accounting policies applied in the preparation ofthese financial statements are set out below .These policies have |
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| been consistently applied to all the years presented, unless otherwise stated. |
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| Basis ofPreparation | ||||
| Restart Trust meets the definition ofa public benefit entity under FRS 102.Assets and liabilities are initially recognised | at | |||
| historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. |
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| Going concern: | ||||
| The trustees consider that there are no material uncertainties about the charity's ability to continue as a |
going concern | nor any | ||
| significant areas of uncertainty that affect the carrying value ofassets held by the charity. |
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| Revenue recognition | ||||
| All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the |
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| amount ofthe income receivable can be measured reliably. |
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| Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the |
grants have been met. | |||
| Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and |
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| included on the balance sheet as deferred income to be released. |
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| Expenditure | ||||
| Alii expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement |
is | |||
| required and the amount can be measured reliably. All costs are allocated to the applicable expenditure |
heading that |
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| aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings |
they have | been | ||
| allocated on a basis consistent with the use ofresources, with central staff costs allocated on the basis |
oftime spent, and | |||
| depreciation charges allocated on the portion ofthe asset's use. Other support costs are allocated based on the spread |
of | |||
| staff costs. | ||||
| Charitable Activities |
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| Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and |
services for | its | ||
| beneficiaries . It includes both costs that can be allocated directly to such activities and those costs ofan indirect nature |
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| necessary to support them. | ||||
| Governance Costs |
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| These include the costs attributabie to the charity's compliance with constitutional and statutory requirements, including |
audit, | |||
| stratogic management and trustees's meetings and reimbursed expenses. |
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| Qovernment Qrants |
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| Government grants are recognised based on the accrual model and are measured at the fair value ofthe asset received |
or | |||
| receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised |
in | |||
| income over the period in which the related costs are recognised. Grants relating to assets are recognised over the |
expected |
| 2021f | 2020f | ||||
|---|---|---|---|---|---|
| Wages and salaries Social security cost Pension contributions |
65,063 2,944 619 |
20,280 3,581 266 |
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| 68,628 | 26,136 | ||||
| (8)Tangible fixed assets | |||||
| Plant and Machinery |
Equipment | Motor Vehicles |
Totals | ||
| f | f | ||||
| Cost | |||||
| As at 01 November 2020 | 45,819 | 3,147 | 8,294 | 57,260 | |
| As at 31 October 2021 | 45,819 | 3,147 | 8,294 | 57,260 | |
| Depreciation | |||||
| As at 01 November 2020 | 30,471 | 629 | 2,851 | 33,951 | |
| For the year | 3,070 | 1,361 | 4,935 | ||
| As at 31 October 2021 | 33,541 | 1,133 | 4,212 | 38,886 | |
| Net book value | |||||
| As at 31 October 2021 | 12,278 | 2,014 | 4,082 | 18,374 | |
| As at 31 October 2020 | 15,348 | 2,518 | 5,443 | 23,309 | |
| (9)Debtors | |||||
| Amounts falling due |
within one year | ||||
| 2021f | 2020f | ||||
| Trade debtors | 23,114 | 8,293 | |||
| 23,114 | |||||
| (10)Cash and cash equivalents | |||||
| 2021 | 2020 | ||||
| f | f | ||||
| Bank balance | 13,095 | 23,216 | |||
| 13,095 | 23,216 | ||||
| (11)Creditors: Amounts falling due within one year |
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| 2021f | 2020f | ||||
| Trade creditors | 759 | 1,120 | |||
| Other creditors | 3,189 | 1,360 | |||
| Accruals and deferred | income | 2,844 | 660 | ||
| 6,792 | 3,140 |
| This section does not form part of | the statutory accounts. | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Turnover | 6 | ||
| 146,622 | 106,721 | ||
| Less:Cost ofraw matedals and consumables |
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| Other Direct Expenditure | 30,956 | 6,709 | |
| Gross Profit | 30,956 | 6,709 | |
| Less: Selling and distribution | expenses | 'I37,666 | 100,013 |
| Advertising and Marketing Motor Vehide Expenses UK and Overseas Travel Costs Entertainment |
100 600 |
7,299 253 426 |
|
| 628 | |||
| Less: Administrative expenses |
1,247 | 8,606 | |
| Accountancy, Bookkeeping and Auditing Fees Gleaning Depreciation ofEquipment Depreciation ofMotor Vehides Depreciation ofPlant and Machinery Employee Pension Contributions Employee Salary Expense Employers National Insurance Insurance ITCosts Legal and Professional Fees Rates Rent Repairs and Renewals Subscriptions |
4,906 6,396 504 1,361 3,070 619 65,063 2,944 3,014 639 8,598 5,123 12,600 661 121 |
317 4,717 629 1,614 3,837 266 24,646 3,581 1,034 1,570 1,563 6,354 12,365 22,256 |
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| Telephone and Internet |
766 | 622 | |
| Training and Development Bank Fees HMRC JRSGrant Light, Power and Heating |
3,900 | 4,660 15 (4,365) 260 |
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| Printing, Postage and Stationery | 207 | ||
| Sundry Expenses | 46 | ||
| 120,307 | 86,415 | ||
| Operating loss |
(3,888) | 4,991 | |
| Loss on ordinary activities before taxation |
(3,888) | 4,991 | |
| Net loss for the year after taxation | (3,888) | 4,991 | |
| Net loss for the year after dividends | (3,888) | 4,991 | |
| Retained profits brought forward |
51,679 | 46,688 | |
| Retained profits carried forward | 47,791 | 51,679 |