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2020-12-31-accounts

REGISTERED COMPANY NUMBER: 07294713 (England and Wales) REGISTERED CHARITY NUMBER: 1151926

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

THE C.R.U.M.B.S. PROJECT

Paget Reid York 96 Castle Lane West Bournemouth Dorset BH9 3JU

THE C.R.U.M.B.S. PROJECT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 22
Detailed Statement of Financial Activities 23 to 24

THE C.R.U.M.B.S. PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report, incorporating the directors' report, with the financial statements for the charity for the year ended 31 December 2020.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011, the Companies Act 2006 and with the Charities SORP (FRS 102) '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 January 2019) and the Financial Reporting Standard 102 'Financial Reporting Standard applicable in the UK and Republic of Ireland' section 1a.

OBJECTIVES AND ACTIVITIES

Charitable Objective

"The promotion of education and social inclusion of disadvantaged individuals with….by providing learning and training designed to assist in progress towards better employment and a more independent life through vocational training…."

The charity carries out those objectives through providing professionally recognised training in catering, housekeeping and administration that provides opportunity for trainees to achieve Institute of Hospitality endorsed awards at foundation certificate, certificate and diploma levels.

Education and social inclusion through training is key to fulfilling the charities objectives and all activities are measured against those objectives.

Public Benefit

The trustees are mindful of the requirements for meeting the public benefit test. The charity provides pre-employment professional and vocational education and training for those with mental illness, stabilised addiction and a range of learning disabilities while providing a food service to the local community. It is felt this satisfies such criteria.

Page 1

THE C.R.U.M.B.S. PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

ACHIEVEMENT AND PERFORMANCE

Crumbs is a small charity that has, along with the wider charity sector, been impacted by the pandemic over a prolonged period of time. The need to rethink, refocus and re-engineer the work of the charity has been essential to ensure both its long term resilience and that it can meet its charitable objectives in the post Covid, economic and social environment.

The trustees have undertaken a comprehensive review of all of the activities of the charity as part of the resilience planning for the future of the charity and have recognised that there was a financial imperative to take action to secure a more resilient financial position and that the core training objectives were central in any restructuring. In reviewing all of the charities activities, those activities were tested against the charitable objectives and the financial considerations. This process has led to the withdrawal from commercial food service activities given the volatility and uncertainty in the types of community related services that were being provided, and concern that pressure to provide those services would distract from the training objectives.

This restructuring led to a number of redundancies, and has now been completed. The new organisational structure is considered to be fit for purpose in delivering as primarily a training organisation.

Pre-pandemic trainees would attend our professional training centre for all aspects of their programme. In order to maintain engagement with the trainees during the lockdown periods a number of strategies were put in place to facilitate continuation of the programme, but also to further engage the trainees and their development in the use of digital technology, especially as it affects their everyday lives. This hybrid model has proven to be very successful and will remain a feature of the vocational and pre employment training.

The charity has received Government interventions in relation to furlough payments whilst closed and a local authority recovery grant.

FINANCIAL REVIEW

The unrestricted funds on the income & expenditure account shows a surplus of £11,970 for the year after depreciation of capital equipment of £14,195.

In addition a further £2,733 was spent on new capital equipment in the year.

The balance on the restricted funds of £51,207 is higher than expected; largely due to the Trustees decision to delay purchasing a replacement vehicle (£17,325 ) due to uncertainty caused by Covid closures, and a donation received in December distributed in January.

The restricted funds income does not include £88,842 of deferred grant income mainly relating to future staffing costs, compared with £86,260 for the previous year.

Reserves Policy

The trustees consider £170,000 representing approximately six months of salaries and overhead expenses is a reasonable amount to be kept as unrestricted free reserves. At the balance sheet date this figure stands at £182,599.

Investment policy & objectives

In view of the nature of the Project, funding reserves are considered best held as cash accounts with CAF Bank, Hodge Bank, and Shawbrook Bank.

Page 2

THE C.R.U.M.B.S. PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

FUTURE PLANS Non-financial aims and objectives 2021

The organisational restructuring and focus on training supports the aim of increasing the number of funded trainees whilst developing a wider engagement through a lottery funded project to give trainees a great voice in their future and their lives.

The charity will be working with the local authority to explore additional training funding streams as well as to better understand the actual cost of training compare to the fees actually received.

To manage the return to training in a Covid secure manner and enhance the professional skills aspect of the vocational training and raise the aspirations of the trainees. This will be achieved through changing the training structure as well as initiatives such as providing new professional uniforms for the trainees.

Opportunities to enhance the work experience for trainees are now in hand through developing long-term relationships with a number of national catering food service companies that have a good local presence.

The online and digital presence for the trainees will continue to be improved through the online Crumbs Campus where 40+ online learning resources are now available. Support has also been received from funders to purchase additional laptops to facilitate the online opportunities for trainees who may not have such devices. A project funded through a digital recovery fund has allowed the charity to pilot a new content management system that can be customised directly to individual charity needs.

Page 3

THE C.R.U.M.B.S. PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Previously, the activities of the charitable company were undertaken through an unincorporated charity, number 1061688, 'The Crumbs Project'. Its constitution was adopted on 13th November 1996 as amended on 12th March 1997 & 7th October 1998, and was registered with the Charity Commission from 7th April 1997. The assets of the charitable trust were transferred to the charitable company on 1st June 2013. The current Memorandum and Articles were adopted in 2017.

Management Structure

The Board of trustees meets bi-monthly, with additional meetings as required. During the pandemic all meetings have been held by Zoom, with an enhanced frequency including the work of subgroups, to review the charities activities and operations in the light of the pandemic, resulting in a detailed resilience and restructuring plan, since implemented.

The day to day management of the centre and the training is controlled by the Training and Development Manager supported by the Head of Professional Training.

Recruitment and appointment of trustees

The trustees keep under annual review the governance of the charity including the policies and processes to ensure good practice is maintained.

New trustees have been recruited to complement the existing skills and provide a professional vocational and educational focus.

Induction and training of new trustees

Trustees are appointed for the skills and experience they can bring to the charity. On appointment they are provided with a trustee Induction Pack. Additional training is available through a number of local and national agencies including the Association of Chairs.

Financial Controls

The charity has appointed a Finance Director who maintains overall control of the finances.

Risk Statement

The Board has developed, refined a comprehensive Risk Register (covering operational, financial, Covid -19 and legal risks).

Staffing

Trustees continue to appreciate the value of a strong inclusive teams consisting of staff members, volunteers, and trainees.

Operations Manager

Leanne Miller (left 30.04.21)

Training and Development Manager

Ursula Boardman

Page 4

THE C.R.U.M.B.S. PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07294713 (England and Wales)

Registered Charity number

1151926

Registered office

96 Castle Lane West Bournemouth Dorset BH9 3JU

Trustees

D Eyre L Pearse C Wakefield R Hogwood S Durrans J W Rook P Jones C Brookes J Stovold S Howard M Topliss (resigned 19.2.21) S Murcer (appointed 22.7.20)

The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end are shown.

Operations Manager

Leanne Miller (left 30th April 2021)

Company Secretary

S Durrans

Independent Examiner

Paget Reid York 96 Castle Lane West Bournemouth Dorset BH9 3JU

Solicitors

Laceys Solicitors, 5 Poole Hill, Bournemouth, BH2 5QL

Accountants

Paget Reid York, Chartered Certified Accountants & Registered Auditors 96-98 Castle Lane West, Bournemouth, Dorset BH9 3JU.

Bank

CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent. ME19 4JQ

Operational address

The CRUMBS Centre, 20A Hibberd Way, Bournemouth BH10 4EP.

Page 5

THE C.R.U.M.B.S. PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 7 June 2021 and signed on its behalf by:

P Jones - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE C.R.U.M.B.S. PROJECT

Independent examiner's report to the trustees of The C.R.U.M.B.S. Project ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (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 Company 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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Association of Chartered Certified Accountants which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

James Paget Association of Chartered Certified Accountants Paget Reid York 96 Castle Lane West Bournemouth Dorset BH9 3JU

7 June 2021

Page 7

THE C.R.U.M.B.S. PROJECT

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
45,232
Charitable activities
5
The Crumbs Centre
129,619
Investment income
4
1,055
Other income
6
25,625
Total
201,531
EXPENDITURE ON
Charitable activities
7
The Crumbs Centre
189,561
NET INCOME
11,970
RECONCILIATION OF FUNDS
Total funds brought forward
216,999
TOTAL FUNDS CARRIED FORWARD
228,969		 Restricted
funds
£
189,215
-
-
-
189,215
165,210
24,005
27,202
51,207		 31.12.20
31.12.19
Total
Total
funds
funds
£
£
234,447
178,376
129,619
204,576
1,055
904
25,625
-
390,746
383,856
354,771
363,812
35,975
20,044
244,201
224,157
280,176
244,201		 31.12.20
31.12.19
Total
Total
funds
funds
£
£
234,447
178,376
129,619
204,576
1,055
904
25,625
-
390,746
383,856
354,771
363,812
35,975
20,044
244,201
224,157
280,176
244,201
383,856
363,812
20,044
224,157
244,201

The notes form part of these financial statements

Page 8

THE C.R.U.M.B.S. PROJECT (REGISTERED NUMBER: 07294713)

BALANCE SHEET 31 DECEMBER 2020

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
12
46,370
CURRENT ASSETS
Stocks
13
1,250
Debtors
14
10,437
Cash at bank and in hand
15
179,806
191,493
CREDITORS
Amounts falling due within one year
16
(8,894)
NET CURRENT ASSETS
182,599
TOTAL ASSETS LESS CURRENT
LIABILITIES
228,969
NET ASSETS
228,969
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
140,049
140,049
(88,842)
51,207
51,207
51,207		 31.12.20
Total
funds
£
46,370
1,250
10,437
319,855
331,542
(97,736)
233,806
280,176
280,176
228,969
51,207
280,176		 31.12.19
Total
funds
£
57,832
2,700
9,147
285,352
297,199
(110,830)
186,369
244,201
244,201
216,999
27,202
244,201

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 9

THE C.R.U.M.B.S. PROJECT (REGISTERED NUMBER: 07294713)

BALANCE SHEET - continued 31 DECEMBER 2020

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

The financial statements were approved by the Board of Trustees and authorised for issue on 7 June 2021 and were signed on its behalf by:

C Brookes - Trustee

P Jones - Trustee

The notes form part of these financial statements

Page 10

THE C.R.U.M.B.S. PROJECT

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

1. STATUTORY INFORMATION

The charity is controlled by its governing document, a deed of trust, and constitutes a private limited company (07294713 England and Wales), limited by guarantee, as defined by the Companies Act 2006. The nature of the charitable companys' operations and its principle activities are noted in the Trustees Report. Registered office: 96 Castle Lane West, Bournemouth, Dorset BH9 3JU Place of business: Hibberd Court, 20a Hibberd Way, Bournemouth BH10 4EP

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 January 2019), Financial Reporting Standard 102 'Financial Reporting Standard applicable in the UK and Republic of Ireland' & its Section 1A and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value. The presentation currency of the financial statements is pound sterling (£) and the accounts are rounded to the nearest £1.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Donated services and facilities

Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

The time of volunteers is not recognised, refer to the trustees' annual report for more information about their contribution

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

continued...

Page 11

THE C.R.U.M.B.S. PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

2. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Expenditure is classified as follows:

Costs of charitable activities comprise the costs of providing facilities for café, bakery and training sales together with its associated support costs.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, repairs and maintenance costs, finance etc which supports the charity's activities. All support costs are deemed to relate to the costs of café, bakery and training sales, any costs related to other income methods are deemed to be immaterial.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - in accordance with the property Website - 20% on cost Furniture & fittings - 25% on cost Motor vehicles - 25% on reducing balance Computer equipment - 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Fund accounting

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The charitable company currently has no designated funds.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 12

THE C.R.U.M.B.S. PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

2. ACCOUNTING POLICIES - continued

Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash held in no notice bank accounts.

Creditors and provisions

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 discounts due.

3. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Unrestricted
funds
£
Donations
16,232
Grants
29,000
45,232		 Restricted
funds
£
-
189,215
189,215		 31.12.20
Total
funds
£
16,232
218,215
234,447		 31.12.19
Total
funds
£
20,181
158,195
178,376

Restrictions in the year are as follows:

£
Donations
For use against core costs (including salaries) -
-
Grants
For use against specific salaries and staff costs 37,053
For catering assistant salaries 6,667
For use against general core costs (including salaries) 14,161
For use against general salaries and staff costs 102,176
For use against general core costs (excluding salaries) -
For use against Outreach salaries 2,333
For the purchase of toys and food boxes 5,000
For the purchase of a new van 17,325
For the purchase of uniforms 4,500
189,215
189,215

Restricted grants include £55,768 deferred from prior years. Grants received in the year of £58,350 have been deferred in the year. Total deferred income at the balance sheet date was £88,842.. There were no donated goods and services in the year. The value of volunteers is not recognised.

continued...

Page 13

THE C.R.U.M.B.S. PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

4. INVESTMENT INCOME

INVESTMENT INCOME
31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Deposit account interest 1,055 - 1,055 904

5. INCOME FROM CHARITABLE ACTIVITIES

31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
The Crumbs Centre
Café & bakery sales 35,807 - 35,807 102,499
Training sales 92,357 - 92,357 102,077
Other 1,455 - 1,455 -
129,619 - 129,619 204,576

Training sales includes fees from Bournemouth Borough Council of £12,795 deferred from 2019.

6. OTHER INCOME

31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Covid-19 Job Retention Scheme Grants 25,625 - 25,625 -

continued...

Page 14

THE C.R.U.M.B.S. PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

7. CHARITABLE ACTIVITIES COSTS

The Crumbs Centre 31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £
Cost of goods sold -

Opening stock		 2,700 - 2,700 1,786
Purchases 9,354 - 9,354 23,758
Closing stock (1,250) - (1,250) (2,700)
10,804 - 10,804 22,844
Other direct costs - - - -
Other costs
Salaries 85,728 162,390 248,118 240,419
Training 2,546 - 2,546 2,385
Rent 13,203 - 13,203 13,652
Rates 1,341 - 1,341 2,024
Heat & light 7,066 - 7,066 9,513
Insurance 2,223 - 2,223 2,233
Repairs & maintenance 5,918 1,660 7,578 8,505
Cleaning 5,913 - 5,913 6,059
Uniforms & laundry 701 - 701 931
Travel expenses 704 - 704 2,185
Van costs 4,528 - 4,528 5,449
Advertising 4,270 232 4,502 2,974
Telephone 2,347 - 2,347 2,508
Postage & stationery 1,899 - 1,899 3,002
Computer expenses 4,919 - 4,919 4,959
Sundry 1,694 928 2,622 2,675
Depreciation 14,195 - 14,195 14,578
159,195 165,210 324,405 324,051
Support costs-Governance

Accountancy		 6,149 - 6,149 4,769
Bookkeeping 3,204 - 3,204 3,524
Legal, professional & consultancy fees 10,209 - 10,209 8,624
19,562 - 19,562 16,917
189,561 165,210 354,771 363,812

All support costs are deemed to relate to charitable activities.

Page 15

continued...

THE C.R.U.M.B.S. PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.20 31.12.19
£ £
Depreciation - owned assets 14,195 14,578

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses

There were no reimbursed trustee expenses in the year (2019: NIL) .

10. STAFF COSTS

31.12.20 31.12.19
Total Total
funds funds
£ £
Gross salary 230,890 224,295
Employers NI 11,434 11,533
Employers pensions 5,794 4,591
248,118 240,419

Average number of staff per head on a monthly basis for the period: 16 (2019:16) There are no highly paid staff earning over £60,000.

Key management salaries - Gross salaries £84,357, Employers pensions £2,531

Pension contributions are under a defined contribution scheme, there were no contributions owing at the balance sheet date by staff. Pension creditor at the year end was £1,030.

Page 16

continued...

THE C.R.U.M.B.S. PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
20,181
Charitable activities
The Crumbs Centre
204,576
Investment income
904
Total
225,661
EXPENDITURE ON
Charitable activities
The Crumbs Centre
206,792
NET INCOME
18,869
Transfers between funds
4,820
Net movement in funds
23,689
RECONCILIATION OF FUNDS
Total funds brought forward
193,310
TOTAL FUNDS CARRIED FORWARD
216,999		 Restricted
funds
£
158,195
-
-
158,195
157,020
1,175
(4,820)
(3,645)
30,847
27,202		 Total
funds
£
178,376
204,576
904
383,856
363,812
20,044
-
20,044
224,157
244,201

continued...

Page 17

THE C.R.U.M.B.S. PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

12. TANGIBLE FIXED ASSETS

Improvements
to
property
£
COST
At 1 January 2020
69,404
Additions
-
At 31 December 2020
69,404
DEPRECIATION
At 1 January 2020
28,910
Charge for year
6,940
At 31 December 2020
35,850
NET BOOK VALUE
At 31 December 2020
33,554
At 31 December 2019
40,494
Motor
vehicles
£
COST
At 1 January 2020
28,160
Additions
-
At 31 December 2020
28,160
DEPRECIATION
At 1 January 2020
24,674
Charge for year
872
At 31 December 2020
25,546
NET BOOK VALUE
At 31 December 2020
2,614
At 31 December 2019
3,486		 Website
£
1,469
-
1,469
1,469
-
1,469
-
-
Computer
equipment
£
11,557
-
11,557
11,557
-
11,557
-
-		 Furniture
& fittings
£
136,369
2,733
139,102
122,517
6,383
128,900
10,202
13,852
Totals
£
246,959
2,733
249,692
189,127
14,195
203,322
46,370
57,832

continued...

Page 18

THE C.R.U.M.B.S. PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

13. STOCKS

STOCKS
31.12.20 31.12.19
£ £
Stocks 1,250 2,700

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Trade debtors 1,840 - 1,840 4,045
Accrued training fees 4,265 - 4,265
Prepayments 4,104 - 4,104 5,102
VAT 228 - 228 -
10,437 - 10,437 9,147

15. CASH AT BANK AND IN HAND

31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Cash at bank 178,531 140,049 318,580 284,347
Cash in hand 1,275 - 1,275 1,005
179,806 140,049 319,855 285,352

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Creditors and accruals 4,110 - 4,110 3,510
Taxation and social security 3,754 - 3,754 4,298
VAT - - - 2,998
Pension creditor 1,030 - 1,030 970
Deferred grant income - 88,842 88,842 86,260
Deferred training fee income - - - 12,794
8,894 88,842 97,736 110,830

£55,768 of 2019 deferred income was released in the year. £58,350 of income received in the year has been deferred to 2021.

continued...

Page 19

THE C.R.U.M.B.S. PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Crumbs Centre
TOTAL FUNDS
Net movement in funds, included in the above are as
Unrestricted funds
General fund
Restricted funds
Outreach meal services
Crumbs Centre
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Outreach meal services
Crumbs Centre
TOTAL FUNDS		 follows:
At 1.1.19
£
193,310
10,718
20,129
30,847
224,157		 At 1.1.20
£
216,999
27,202
244,201
Incoming
resources
£
201,531
2,333
186,882
189,215
390,746
Net
movement
in funds
£
18,869
(10,718)
11,893
1,175
20,044		 Net
movement
At
in funds
31.12.20
£
£
11,970
228,969
24,005
51,207
35,975
280,176
Resources
Movement
expended
in funds
£
£
(189,561)
11,970
(2,333)
-
(162,877)
24,005
(165,210)
24,005
(354,771)
35,975
Transfers
between
At
funds
31.12.19
£
£
4,820
216,999
-
-
(4,820)
27,202
(4,820)
27,202
-
244,201

continued...

Page 20

THE C.R.U.M.B.S. PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Outreach meal services
Crumbs Centre
TOTAL FUNDS		 Incoming
resources
£
225,661
1,667
156,528
158,195
383,856		 Resources
Movement
expended
in funds
£
£
(206,792)
18,869
(12,385)
(10,718)
(144,635)
11,893
(157,020)
1,175
(363,812)
20,044		 Resources
Movement
expended
in funds
£
£
(206,792)
18,869
(12,385)
(10,718)
(144,635)
11,893
(157,020)
1,175
(363,812)
20,044
1,175
20,044

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Outreach meal services
Crumbs Centre
TOTAL FUNDS		 At 1.1.19
£
193,310
10,718
20,129
30,847
224,157		 Net
movement
in funds
£
30,839
(10,718)
35,898
25,180
56,019		 Transfers
between
funds
£
4,820
-
(4,820)
(4,820)
-		 At
31.12.20
£
228,969
-
51,207
51,207
280,176

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Outreach meal services
Crumbs Centre
TOTAL FUNDS		 Incoming
resources
£
427,192
4,000
343,410
347,410
774,602		 Resources
Movement
expended
in funds
£
£
(396,353)
30,839
(14,718)
(10,718)
(307,512)
35,898
(322,230)
25,180
(718,583)
56,019		 Resources
Movement
expended
in funds
£
£
(396,353)
30,839
(14,718)
(10,718)
(307,512)
35,898
(322,230)
25,180
(718,583)
56,019
25,180
56,019

continued...

Page 21

THE C.R.U.M.B.S. PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

17. MOVEMENT IN FUNDS - continued

The restricted fund balances include unexpended restricted grant income as follows:

Crumbs Centre £
Co-op funding
For core costs (excluding salaries)		 8,937
Allis Int. & Ferndown GC
For core costs (excluding salaries)		 2,943
Alice Ellen Cooper Dean Foundation
For core costs (excluding salaries)		 10,000
Talbot Village Trust
For kitchen equipment, repairs and fire safety		 3,430
Savoy Educational Trust
For uniforms		 4,500
Talbot Village Trust
For a new van		 17,325
Local Giving ltd
For toys and food boxes		 4,072
51,207

Funds by asset type: This is shown on the balance sheet and its related notes.

18. OTHER FINANCIAL COMMITMENTS

A lease for new premises was signed in 2015. This will expire February 2025 with a 5 year break clause and annual rent of £13,500.

19. RELATED PARTY DISCLOSURES

S Durrans, Trustee, is employed by Synergy Housing who are landlords of the Hibberd Court property which is rented by the charity.

Donations from trustees in the year totalled £NIL (2019: £600).

20. ULTIMATE CONTROLLING PARTY

The charity is controlled by the Board of Management.

21. DONATED GOODS AND SERVICES

There were no donated goods or services in the year.

Page 22

THE C.R.U.M.B.S. PROJECT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 16,232 - 16,232 20,181
Grants 29,000 189,215 218,215 158,195
45,232 189,215 234,447 178,376
Investment income
Deposit account interest 1,055 - 1,055 904
Charitable activities
Cafe & bakery sales 35,807 - 35,807 102,499
Training sales 92,357 - 92,357 102,077
Other sundry income 1,455 - 1,455 -
129,619 - 129,619 204,576
Other income
Covid-19 Job Retention Scheme Grants 25,625 - 25,625 -
Total incoming resources 201,531 189,215 390,746 383,856
EXPENDITURE
Charitable activities
Cost of goods sold 10,804 - 10,804 22,844
Salaries 85,728 162,390 248,118 240,419
Training 2,546 - 2,546 2,385
Rent 13,203 - 13,203 13,652
Rates 1,341 - 1,341 2,024
Heat & light 7,066 - 7,066 9,513
Insurance 2,223 - 2,223 2,233
Repairs & maintenance 5,918 1,660 7,578 8,505
Cleaning 5,913 - 5,913 6,059
Uniforms & laundry 701 - 701 931
Travel expenses 704 - 704 2,185
Van costs 4,528 - 4,528 5,449
Advertising 4,270 232 4,502 2,974
Telephone 2,347 - 2,347 2,508
Postage & stationery 1,899 - 1,899 3,002
Computer expenses 4,919 - 4,919 4,959
Sundry 1,694 928 2,622 2,675
Accountancy 6,149 - 6,149 4,769
Bookkeeping 3,204 - 3,204 3,524
Legal & professional fees 10,209 - 10,209 8,624
Improvements to property 6,940 - 6,940 6,940
Carried forward 182,306 165,210 347,516 356,174

This page does not form part of the statutory financial statements

Page 23

THE C.R.U.M.B.S. PROJECT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Charitable activities
Brought forward 182,306 165,210 347,516 356,174
Fixtures and fittings 6,383 - 6,383 5,863
Motor vehicles 872 - 872 1,162
Computer equipment - - - 613
189,561 165,210 354,771 363,812
Total resources expended 189,561 165,210 354,771 363,812
Net income 11,970 24,005 35,975 20,044

This page does not form part of the statutory financial statements

Page 24