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2020-12-31-accounts

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C EN TRE (A company limited by guarantee)

Annual Report For the Year Ended 31 December 2020

Company regisiration number: 07415399 Charity registration number: 1151868

The Highlife Cenire 2020 Annual Report

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are pleased to present their annual directors’ report together with the consolidated financial statements of the charity for the year ending 31 December 2020 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounis in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

OUR AIMS AND OBJECTIVES

Our charity's purposes as set out in the objects contained in the company’s Memorandum of Articles and Association are:

The aim of the Charity is to address unemployment, disadvantage and inequality. We do this by developing and increasing the knowledge and skills of individuals who are at the margins of society, enabling those individuals to develop and increase their chances to sustainable employment so that their quality of life is improved and are able to lead full and productive lives.

Our aims fully reflect the purposes that the charity was set up to further.

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the NHH i ghlifeghighi CeCoCo n iivtrtr e 202020 20 AnnualAnnualAnnual R eporteporteport

THE FOCUS OF OUR WORK

Our main objectives for the year continued to provide a platform enabling people from disadvantaged backgrounds to turn their aspirations into reality; have a sense of belonging and to access the resources and skills to develop their career and quality of life. We deliver this through targeted services aimed at removing barriers to work, promoting self-employment, raising awareness to improving health and wellbeing, acquisition and improvement of skills and tackling social isolation. Our three key services remain as follows:

We delivered the following projects in the year 2020 ie:

  1. Accelerate Programme 2. Capacity and Resilience Development to small VCSE's 3. Coventry City of Culture Projects 4. Covid-19 Emergency and Recovery Projects

We appreciate all our staff, volunteer funders and partners who support our work every year.

The Highlife Centre 2020 Annual Report

PERFORMANCE & ACHIEVEMENTS

i. ACCELERATE PROJECT Funded by ESF & Big Lottery Fund - CDA led. Commenced in July 2014, Extended until March 2022

This project provides business support and training to beneficiaries that are long term unemployed and inactive from Black and Asian Minority Ethnic communities but not exclusively. Our target for this year was to support 15 people into employment or self-employment which we overachieved and actually supported 28 individuals.

  1. ABTS COUNCIL - COMAAUNITY RESEARCH

Community research project to understand needs of Black and Asian groups underrepresented in the arts and cultural sector to ensure support is appropriate developed and tailored to their needs.

  1. CAPACITY BUILDING AND RESILIENCE SUPPORT We continued to support smaller organisations to develop their capacity and resilience. Only two organisations benefitted in this financial year.

4, COVENTRY CITY OF CULTURE TRUST International Change Maker's bursary to travel to Ghana to create networks of participants for 2021 city of culture activities. This activity was postponed due to the covid-19 pandemic.

  1. COVID-19 COMMUNITY EMERGENCY AND RECOVERY PROJECTS

We delivered six covid-19 related projects in this financial year. The projects are outlined as follows:

a) The Covid-19 Remote Mentoring Intervention Support - NLCF - Covid - Emergency

Funded by The National Loitery Community Fund The project delivered activities that provided support predominantly to people from Black Minority Ethnic community with an aim to minimize the impact of the covid-19 crisis on families from that community. The project supported 1235 families with the following services:

1. Mentoring Support ie:

« Parents - Managing young people at home, managing stress and family issues. = Young people- Building and maintaining Confidence, Motivation, Action planning and managing stress. » Children - Helping with home schooling and delivering physical and creative activities. ii. Food suonlies - Supplying culturally appropriate food to families impacted by the pandemic.

lil. Miscellaneous needs — providing families with needs such as baby stuff, learning resources, mobile phone credit top-up, and other miscellaneous needs.

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lb) Coronavirus Resilience Project - Emergency Project Funded by Heert of Englane Cornmuniiy Foundation This project supported the Covid-19 Remote Menioring Intervention Support project contributing to the funds received from the TNLCF to cover emergency supplies to families and travel expenses for volunteers working on the project.

Cc) Heritage Fund - Emergency Project

Funded by The Herliage Fund

To deliver an emergency project with three key deliverables: Run risk management reviews, develop along term strategic and sustainable plan for the African cultural heritage, conduct consultations with a wider and diverse audience.

d) Covid-1? Crisis Management - Recovery Project

Funded by The National Lottery Community Fund

Reducing immediate impact of covid-19 crisis has had the Highlife Centre and its beneficiaries, specifically young people from the Black Minority Community.

e) Arts Council - Culture Recovery Fund

Funeled by The Aris Council To deliver covid-19 crisis management and recovery projects for arts and cultural activities for This is Affica 2021-2022 as part of Coventry City of Culture.

f) Heritage Fund - Recovery Fund

Funded by The Heritage Fund

A six months project to gather people, teams, and members of the African community to be part in heritage activities for Coventry city of culture year, reconnect with young people, as well as implement activities that will enable them to restart, protect and sustain the African heritage.

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The Highlife Centre 2020 Annual Report

FINANCIAL REVIEW

Our plan for 2020 financial year was a year of reflection, sustainability and growth. These plans were paused due to the pandemic. Revenue generated in the year increased over 200% compared to the previous year due to the pandemic.

Our search for a new premises as a sustainable arm resumed later in the year. Thanks to the National Lottery Community Fund, we were able to afford a six months rental deposit and operational activities.

The principal funding sources for the charity are currently by way of grant and contract income from the following funding bodies:

The board has re-examined the Charity’s requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixes assets held by the Charity should be three months of the core running costs of the Charity. Cost of expenditure for 2021 is expected to increase according to the operational costs associated with the new premises which is anticioated at £61,360.34 (Including staff salaries and on costs). The trustees are confident that they would be able to continue the current activities of the charity in the event of a significant drop in funding.

PLANS FOR FUTURE PERIODS

For financial year 2021, the organisation will continue to deliver the core contract project; Accelerate, though the restrictions on eligibility to engage in this project is increasingly becoming difficult for potential participants to engage due to the impact of the pandemic on family etc. Recovery projects will also continue into the new financial year. We will continue to seek grant funding for new and existing projects and seek opportunities to build capacity and ensure the organisations is resilient in the future years. Sustainability and increasing unrestricted funds will be our main focus for 2021 and future years.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Highlife Centre is a charitable company limited by guarantee, incorporated on 21st October 2010 and registered as a charity on 2-4 May 2013. The company was established under a Memorandum of Association which established the objecis and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

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RESPONSIBILITIES OF THE BOARD

Company law requires the board of directors/trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the Trustees follow best practice and:

The Board of Trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy ai any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. The board of Trustees is also responsible for safeguarding the assets of the charitable company and hence fortaking reasonable steps for the prevention and detection of fraud and other irregularities.

The Board of Trustees, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 2. In accordance with company law, as the company’s directors, we certify that:

McGlone and Wardzynski Limited were re-appointed as the charitable company ‘accountants during the year and have expressed their willingness to continue in that capacity. This report has been prepared in accordance with the Statement of Recommended Practice:

Accounting and Reporting by Charities (issued in March 2005) and in accordance with the special provisions of Part VIl of the Companies Act 1985 relating to small entities.

Approved by the Trustees on 18" November 2021 and signed on its behalf by:

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Daisy Obpen
Chair of Trustees
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The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as Directors. Under the requirements of the Memorandum and Articles of Association the directors are elected to serve for a period of two years after which they must be reelected at the next Annual General Meeting. All directors give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the accounts. The directors seeks to ensure that the needs of beneficiaries are appropriately reflected through the diversity of the trustee body where five directors are from minority backgrounds and one is white British equivalent to 90% to 10% ethnicity ratio of beneficiaries. ln an effort to maintain this broad skill mix, the directors have been selected having the following skills: business, strategy, community and finance.

All trustees are familiar with the practical work of the charity. Project and activities updates are prepared and presented at each board meeting to ensure that trustees understand the work of the Charity. All Trustees received to date governing document and any documenis setting up the framework of the Charity. Resources and financial position are set out in the latest publisned accounis and presented to Trustees in advance prior to board meetings. New trustees inducted are sent a welcome pack containing the following documents:

a Memorandum and Articles. ® Organisational Chart ® Trustee handbook « |Information about existing trustees > Latest financial statement Organisational Framework

The chief executive and the trustees have conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and aciivities. Internal control risks are minimised by the implemeniation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the centre. The continuing implementation of a code of practise, financial policies and procedure, safeguarding and complaints procedure and a business continuity policy ensure a consistent quality of delivery for all operational aspects of the charity. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

The Highlife Centre has a board of Trustees of six members from a variety of professional backgrounds relevant to the work of the charity. The chief executive sits on the board but has no voting rights and prepare all documents in advance for review prior to board meetings. The day to day responsibility for the provision of the services rest with the Chief Executive who works closely with the chair of Trustees. The Chief Executive is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. They are also responsible for the day to day operational management of the Centre, individual supervision of the staff team and also ensuring that the team continue io develop their skills and working praciices in line with good practice.

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Charity Registration No. 1151868 Company Registration No. 07415399 (England and Wales)

THE HIGHLIFE CENTRE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

THE HIGHLIFE CENTRE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mrs D Oppon Mr C Antwi Mr T Labeodan Mr K Asiedu-Offei Miss E Brenya

Charity number

1151868

Company number

07415399

Registered office

31 Barras Green Coventry West Midlands CV2 4LY

Independent examiner

McGlone Wardzynski Limited 14 Queens Road Eagle House Coventry CV1 3EG

THE HIGHLIFE CENTRE LIMITED

CONTENTS

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Page
Trustees’ report
Independent examiner's report 2
Statement of financial activities 3-4
Balance sheet 5
Notes to the financial statements 6-15
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THE HIGHLIFE CENTRE LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees, who are also the directors of The Highlife Centre Limited for the purpose of company law, are responsible for preparing the Trustees' 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 Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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THE HIGHLIFE CENTRE LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE HIGHLIFE CENTRE LIMITED

| report to the Trustees on my examination of the financial statements of The Highlife Centre Limited (the Charity) for the year ended 31 December 2020.

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 financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of Association of Accounting Technicians, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

| 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 financial statements to be reached. Mr(PaneJames Rose FMAAT| iro

14 Queens Road Eagle House Coventry CV1 3EG

Dated: 19 November 2021

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THE HIGHLIFE CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

Current financial year

Current financial year
Unrestricted Restricted Total Total
funds funds
2020 2020 2020 2019
Notes £ = £ £
Income and endowments from:
Donations and legacies 3 42,727 284,082 326,809 93,753
Other income 4 4,119 - 4,119 2,387
Total income 46 846 284,082 330,928 96,140
Expenditure on:
Charitable activities 5 50,940 116,583 167,523 58,710
Net (outgoing)/incoming resources before
transfers (4,094) 167,499 163,405 37,430
Gross transfers between funds (1,491) 4,491 - -
Net (expenditure)/income forthe year/
Netmovement in funds (5,585) 168,990 163,405 37,430
Fund balances at 1 January 2020 7,763 35,409 43,172 5,742
Fundbalancesat31December2020 2,178 204,399 206,577 43,172

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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THE HIGHLIFE CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

Prior financial year

Prior financial year
Unrestricted Restricted Total
funds funds
2019 2019 2019
Notes £ £ £
Income and endowments from:
Donations and legacies 3 20,481 73,272 93,753
Other income 4 2,387 - 2,387
Total income 22,868 73,272 96,140
Expenditure on:
Charitable activities 5 20,846 37,864 58,710
Net (outgoing)/incoming resources beforetransfers 2,022 35,408 37,430
Net (expenditure)/income for the year/
Net movement in funds 2,022 35,408 37,430
Fund balances at 1 January2019 5,742 - 5,742
Fundbalancesat31December2019 7,764 35,408 43,172

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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THE HIGHLIFE CENTRE LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2020

2020 2019
Notes £ £ £ £
Fixed assets
Tangible assets 9 11,974 13,852
Current assets
Debtors
Cash atbankand in hand		 10 13,387
190,580		 17,990
23,544
203,967 41,534
Creditors: amounts falling due within
oneyear 11 (9,364) (12,214)
Net currentassets 194.603 29,320
Total assets less current liabilities 206.577 43,172
income funds
Restrictedfunds
Unrestrictedfunds		 12 204.399
2,178		 35,408
7,764
206,577 43,172

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject ta the small companies regime.

The financial statements were approved by the Trustees on 18 November 2027

Mrs D Oppsn Trustee

Company Registration No. 07415399

THE HIGHLIFE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 eeggnti

Charity information The Highlife Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 31 Barras Green, Coventry, West Midlands, CV2 4LY.

Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation

1.14 Accounting convention The financial statements have been prepared in accordance with the Charity's [governing document], the Companies Act 2006 and "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 2019)". The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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THE HIGHLIFE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

et 1 Accounting policies (Continued)

All 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 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 of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. 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 of an indirect nature necessary to support them. These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 15% reducing balance method Computers 33% straight line method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 impairment of fixed assets At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists,loss (if any),the recoverable amount of the asset is estimated in order to determine the extent of the impairment

1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities,

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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THE HIGHLIFE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 4.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Fund structure Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose

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THE HIGHLIFE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

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2 = Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |funds|funds|funds|funds| |2020|2020|2020|2019|2019|2019| |£|£|£|£|£|£| |Donations|and|gifts|100|-|100|-|.|-| |Legacies|receivable|-|-|-|3,342|-|3,342| |Grants|received|42,627|284,082|326,709|17,139|73,272|90,411| |42,727|284,082|326,809|20,481|73,272|93,753|

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4 Other income

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|||| |---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2020|2019| |£|£| |Other income|4,119|2,387|

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Other income includes £3,299 employers allowance and £820 for refunds. In 2019 other income all relates to employers allowance.

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THE HIGHLIFE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

5 Charitable activities

Training & Training &
work work
support support
2020 2019
£ £
Staffcosts 43,493 36,825
Depreciation and impairment 4,878 2,216
Rent 5,373 5,190
Insurance 709 635
Hire ofequipment and marquee - 551
Office costs and administration 2,883 3,386
Computer software and maintenance 1,924 782
. Subscriptions 847 409
Sundry expenses 6,049 710
Professional, accountancy and legal fees 807 13
Advertising & marketing 2,815 A61
Consultancy fees 42,116 3,283
Bank Charges 928 2,449
Equipment
Sessional staff		 2,559
53,642		 -
-
166,023 56,910
Share ofgovernance costs (see note 6) 4,500 1,800
167,523 58,710
Analysis by fund
Unrestricted funds		 50,940 20,846
Restricted funds 116,583 37,864
167,523 58,710

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THE HIGHLIFE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

6 Support costs

Support costs
Support Governance 2020 Support Governance 2019
costs costs costs costs
£ £ £ £ cal £
Accountancyfees - 1,500 4,500 - 1,800 1,800
- 4,500 1,500 = 1,800 1,800
Analysed between
Charitableactivities - 1,500 1,500 : 1,800 1,800

Governance costs includes costs for independent examination.

7 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. (2019 - ENil) No trustees have received any other benefits from the charity during the year. (2019 - ENil)

8 Employees

The average monthly number of employees during the year was: 2

2020 2019
Number Number
Administration Staff 1 1
Chief Executive Office { 1
Total Z 2
Employment costs 2020 2019
£ £
Wages and salaries
Other pension costs		 42,700
793		 36,221
604
43,493 36,825

No employee received emoluments of more than £60,000 during the year.

There were no employees whose annual remuneration was £60,000 or more.

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THE HIGHLIFE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

FOR THE YEAR ENDEDYEAR ENDEDENDED 31 DECEMBER 2020 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 DECEMBER 2020 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 DECEMBER 2020 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 DECEMBER 2020 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 DECEMBER 2020
I
9
Tangible fixed assets
Fixtures and
Computers
Total
fittings
£ = £
Cost
At 1 January 2020		 35,897 939 36,836
At 31 December2020 35,897 939 36,836
Depreciation and impairment
At 1 January 2020
Depreciation charged intheyear		 22,045
1,878		 939
-		 22,984
1,878
At 31 December2020 23,923 939 24,862
Carrying amount
At 31 December2020		 11,974 - 11,974
At 31 December2019 13,852 - 13,852
10 Debtors 2020 2019
Amountsfalling duewithin oneyear: £ £
Trade debtors 13,210 17,990
Other debtors 477 .
13,387 17,990
41. Creditors: amountsfalling duewithin oneyear 2020 2019
£ £
Othertaxationand social security
Trade creditors
Other creditors
Accrualsand deferred income		 -
286
6,978
2,100		 4,309
-
8,805
2,100
9,364 12,214

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THE HIGHLIFE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

13 Related party transactions

; There were no disclosable related partytransactions during the year (2019 - none).
14 Cash generated from operations 2020 2019
£ £
Surplus for the year 163,405 37,430
Adjustments for:
Depreciation and impairment oftangible fixed assets 1,878 2,216
Movements inworking capital:
Decrease/(increase) in debtors 4,603 (17,990)
(Decrease)/increase in creditors (2,850) 12,214
Cashgeneratedfromoperations 167,036 33,870

~15-