||Page|
|---|---|
|Report ofthe Trustees|1to6|
|Report ofthe Independent
Auditors|7tog|
|Statement ofFinancial Activities||
|Balance Sheet||
|Cash Flow Statement|12|
|Notes to the Cash Flow Statement|13|
|Notes to the Financial Statements|14to 22|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||funds|funds|
|||||Notes|||
|INCOME AND ENDOWMENTS|||FROM||||
|Donations
and legacies
Charitable
activities|||||1,602,075|1,346,273|
|General|||||120,432|908,430|
|Other trading
activities
Investment
income|||||103,419
17|261,914
224|
|Total|||||1,825,943|2,516,841|
|EXPENDITURE ON|||||||
|Costs ofother trading
Charitable
activities|activities||||69,072|190,611|
|General|||||1,237,336|2,225,905|
|Total|||||1,306,408|2,416,516|
|Actuarial
loss/Unwinding
provision||ofpension scheme|||~81.590)|~803,769)|
|NET INCOME/(EXPENDITURE)|||||437,S45|(703,444)|
|RECONCILIATION
OF||FUNDS|||||
|Total funds brought forward|||||(2,955,586)|(2,252,142)|
|TOTAL FUNDS CARRIED FORWARD|||||~2.51?,641)|~2,955.586)|
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|||2021|2020|
|---|---|---|---|
|||Unrestricted|Total|
|FIXEDASSETS|Notes|funds
F|funds
E|
|Tangible assets|15|42,760|49,617|
|CURRENT ASSETS||||
|Stocks
Debtors
Cash at bank and in hand|16
17|41,052
44,839
357.020|60,286
34,536
179,493|
|||442,911|274,315|
|CREDITORS||||
|Amounts
falling due within one year|18|(155.263)|(337.381)|
|NET CURRENT ASSETS/(LIABILITIES}||287,648|~63,666)|
|TOTAL ASSETSLESSCURRENT LIABILITIES||330,408|(13,449)|
|CREDITORS||||
|Amounts
falling due after more than one year|19|(78,333)|(100,000)|
|PENSION LIABILITY|23|(2,769,716)|(2,842,137)|
|NET ASSETS/(LIABILITIES)||~2,517,641)|~2.955,586)|
|FUNDS|22|||
|Unrestricted
general
funds
Pension
liability||252,075
~2.768,716)|(113,449)
~2.842,137)|
|Unrestricted
funds||(2,517,641)|(2,995,586)|
|TOTAL FUNDS||~2517,64))|~2,955,586)|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes||F|
|Cash flows from operating|activities:||||||
|Cash generated
from operations|||||195,601|42,256|
|Net cash provided
by (used in) operating|||||||
|activities|||||195,601|42,256|
|Cash flows from investing|activities:||||||
|Purchase oftangible
fixed assets|||||(8,382)|(5,783)|
|Interest received|||||17|224|
|Net cash provided
by (used in) investing
activities|||||~8,385)|~5,559)|
|Cash flows from financing|activities:||||||
|New loans in year|||||32,703|100,000|
|Loan repayments
in year|||||~42,412)|~31,830)|
|Net cash provided
by (used in) financing
activities|||||~9,709)|68,170|
|Change
in cash and cash equivalents||in the|||||
|reporting
period|||||177,527|104,867|
|Cash and cash equivalents|atthe beginning||of||||
|the reporting
period|||||179,493|74,626|
|Cash and cash equivalents|atthe end|ofthe|||||
|reporting
period|||||357,020|179,493|
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||RECONCILIATION
OF
ACTIVITIES|NET
INCOME/(E|XPENDITURE)|TO
NET
CASH|FLOW
FROM|OPERATING|
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||||f.|
||Net income/(expenditure)
offinancial activities)
Adjustments
for:|for the reporting|period (as per|the statement|437,945|(703,444)|
||Depreciation
charges||||15,239|10,125|
||Unwinding
ofpension scheme||||81,590|803,769|
||Interest received
(Increase)/decrease
in stocks
Decrease
in debtors
Increase in creditors||||(17)
19,234
(10,303)
(194,076)|(224)
(3,602)
9,826
71,890|
||Difference between
pension charge and cash contributions||||(154,011)|(146,084)|
||Net cash provided
by (used in) operating||activities||195,601|42,256|
|2.|ANALYSIS OF CHANGES|IN NET FUNDS|||||
|||||At 1/7/20|Cash flow|At 30/6/21|
|||||P||F|
||Net cash||||||
||Cash at bank and in hand|||174,493|177,527|357,020|
||Debt||||||
||Debts falling due within one year
Debts falling due after one year|||(32,703)
(100,000)|(11,958)
21,667|(44,661)
~8,333|
|||||(132,703)|9,709|(122,994)|
||Total|||46,790|187,236|234,026|
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|6.|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||||f.|
||Shop income|||||108,871|377,886|
||Bar income|||||7,861|314,272|
||Catering
income|||||3,700|158,201|
||ENTS department|income|||||58,071|
|||||||136,971|908,430|
|7.|COSTS OF OTHER TRADING ACTIVITIES|||||||
||Other trading activities|||||||
|||||||2021
f|2020|
||Staff costs —Travel|and employment|service|||69,072|138,117|
||Other costs - Travel and employment||service||||52,494|
|||||||69,072|190,611|
|8.|CHARITABLE ACTIVITIES COSTS|||||||
||||||Direct costs|Support costs|Totals|
||||||(See note 9)|(See note 10)||
||||||F||F|
||General||||579,027|658,309|1,237,336|
|9.|DIRECT COSTS OF CHARITABLE||ACTIVITIES|||||
|||||||2021|2020|
||Staff costs|||||261,222|478,298|
||Hire ofplant and machinery|||||751|1,763|
||Rent - Campus Centre|||||168,000|168,975|
||Bar expenditure|||||18,227|177,110|
||Shop expenditure|||||87,647|282,725|
||Catering
expenditure|||||8,464|82,786|
||ENTS department|expenditure||||2,810|81,883|
||SU Sport expenditure|||||23,380|96,451|
||Bad debt|||||624||
||Irrecoverable
VAT|||||7,902|27,721|
|||||||579,027|1,397,712|
|10.|SUPPORT COSTS|||||||
|||||||Governance||
||||Salaries|Management|Depreciation|costs|Totals|
|||||E||||
||General||487,899|89,738|15,239|65,433|658,309|
##
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|Net income/(expenditure)
is stated after charging/(crediting):|||
|---|---|---|
||2021|2020|
|Auditors'
remuneration|8,893|12,868|
|Depreciation - owned assets|15,239|10,125|
|Hire ofplant and machinery|751|1,763|
##
##
|There were seven trustees (2020:four) who rece|ived remuneration
in the year totalling E54,279(20|20:F72,101|
|---|---|---|
||Gross Pay|Pension|
|||F|
|Kay Dennis|17,773||
|Gobi Flowers|4,491||
|Katie Davies|1,895||
|David Pye|2,040||
|Ali Akhtar|1,732||
|Shannon
Lee|13,515||
|Lois Jones|12,833||
||54,279||
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|STAFF COSTS|||||
|---|---|---|---|---|
||||2021|2020|
||||F|F|
|Wages and salaries|||753,406|1,135,334|
|Social security costs|||46,887|61,089|
|Other pension costs|||74,440|73,463|
||||874,733|1,269,886|
|The average
monthly|number ofemployees|during the year was as follows:|||
||||2021|2020|
||||?0|128|
##
|NOTES TO THE FINANCIAL STATEMENTS - CONTINUED|NOTES TO THE FINANCIAL STATEMENTS - CONTINUED|NOTES TO THE FINANCIAL STATEMENTS - CONTINUED|||
|---|---|---|---|---|
|FOR|THE YEAR ENDED 30JUNE 2021||||
|15.|TANGIBLE FIXEDASSETS||||
|||||Office fixtures|
|||||8 fittings|
||COST||||
||At 1 July 2020|||223,471|
||Additions|||8,382|
||At 30June 2021|||231,853|
||DEPRECIATION||||
||At 1 July 2020|||173,854|
||Charge for year|||15,239|
||At 30June 2021|||189,093|
||NET BOOK VALUE||||
||At 30June 2021|||42,760|
||At 30June 2020|||49,617|
|16.|STOCKS||||
||||2021|2020|
||Stocks||41,052|60,286|
|17.|DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE YEAR||||
||||2021|2020|
||||F||
||Trade debtors||39,291|10,459|
||Prepayments
and accrued|income|5,548|24,077|
||||44,839|34,536|
|18.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||||2021|2020|
||Bank loans and overdrafts|(see note 20)|44,661|32,703|
||Trade creditors||10,220|144,218|
||Social security and other taxes||11,249|9,910|
||VAT||434|7,634|
||Other creditors||66,895|52,389|
||Accruals and deferred income||21,804|90,527|
||||155,263|337,381|
|19.|CREDITORS: AMOUNTS|FALLING DUE AFTER MORE THAN ONE YEAR|||
||||2021|2020|
||||F|F|
||Bank loans (see note 20)||78,333|100,000|
##
|An analysis ofthe maturity
ofloans is given below:|||||||
|---|---|---|---|---|---|---|
||||||2020|2020|
|||||||F|
|Amounts
falling due within one year on demand:|||||||
|Bank loans||||44,661||32,703|
|Amounts
falling between one and two years:|||||||
|Bank loan||||78,333||1D0,000|
|One bank loan bears interest of3.66%p.a. over LIBOR. Instalments
are paid
loan bears interest of4.42% p.a.over Base Rate. Instalments
are paid monthly|||monthly
until
until 2025||2022. The other bank||
##
||Minimum
lea|s|e|payments
u|nder|non-cancellable
operating
lease|s fall due as foll|ows:||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
||||||||||F|
||Within one year|||||||168,000|168,000|
|||||||||168,000|168,000|
|22.|MOVEMENT||IN|FUNDS||||||
|||||||||Net movement||
||||||||At 1/7/20|in funds|At 30/6/21|
||||||||F|F|E|
||Unrestricted||funds|||||||
||General fund||||||(2,955,586)|437,945|(2,517,641)|
||TOTAL FUNDS||||||~2,955.586)|437,945|~2.517,641)|
||Net movement||in funds, induded|||in the above are as follows:||||
|||||||Incoming|Resources|Gains and|Movement
in|
|||||||resources|expended|losses|funds|
|||||||F|F|F|E|
||Unrestricted||funds|||||||
||General fund|||||1,825,943|(1,306,408)|(81,590)|437,945|
||TOTAL FUNDS|||||1,825,943|~1,606,408)|~81,590)|437,945|
|||||||||Net||
||Comparatives|for||movement|in funds|||||
|||||||||movement|At|
||||||||At 1/7/19
F|in funds
f|30/6/20
E|
||Unrestricted|||funds||||||
||General fund||||||(2,252, 142)|(703,444)|(2,955,586)|
||TOTAL FUNDS||||||J2,252,142)|~703.444)|~2,955,586)|
##
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|FINANCIAL INSTR|UMENTS||||||
|---|---|---|---|---|---|---|
|The charity has the|following|financial|liabilities measured|at fair value:|||
||||||2021|2020|
|Financial
liabilities|||||||
|Provision - pension|liability||||2,769,716|2,842,137|
||||||2,769,716|2842,137|