2021-07-31-accounts - Real Lives Real Choices

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Charity Registration Number: 1154861

Real Lives Real Choices Financial Statements For the Year Ending 31 July 2021

JANE ASCROFT ACCOUNTANCY LIMITED

Chartered Accountants Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP

Real Lives Real Choices

Financial Statements

Year Ended 31 July 2021

	Page
Trustees' Annual Report	1
Independent Examiner's Report to the Trustees	6
Statement of Financial Activities	7
Statement of Financial Position	8
Notes to the Financial Statements	9
The Following Pages Do Not Form Part of the Financial Statements
Detailed Statement of Financial Activities	19

Real Lives Real Choices

Trustees' Annual Report

Year Ended 31 July 2021

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 July 2021.

Objectives and Activities

Objectives

To relieve the needs of people with learning disabilities, learning difficulties, autism/autism related conditions who live in the North East of England by assisting such persons to develop their full potential and obtain their rights and privileges, particularly, but not exclusively by providing, or assisting in the provision of, independent advocacy, support, advice, information, education and training, arts, paid and unpaid volunteer work, social enterprise/s.

Public Benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. We believe the charity’s work to be in compliance with the duty in the section of the Charity’s Act 2006 to have regard to the public benefit guidance published by the Charity Commission. This is reviewed at appropriate intervals.

Contribution by volunteers

We continue to be supported by a small group of long-term volunteers who are essential to our work.

Volunteers supported the collating and distribution of creative care packages, including commitment to weekly packaging within the themes and a home delivery service to numerous areas of County Durham.

Real Lives Real Choices

Trustees' Annual Report (continued)

Year Ended 31 July 2021

Update on how the pandemic affected our operations, ongoing impact, and strategic changes as a result:

The pandemic in the first stages severely impacted our ability to apply for grant funding as many funders changed priorities and shifted focus. Our beneficiaries still needed support and their needs were being exacerbated by the impact of the restrictions. We saw a huge increase in issues and deterioration in the mental health and wellbeing of the adults with learning disabilities we support.

Our core team converted our offer and increased the art and creativity aspect; which is research and evidence based as beneficial in supporting health and wellbeing. We designed and created care packages and delivered sessions in alternative ways. The outreach work we completed was locally recognised as good practice and an essential support service that complimented and assisted the essential services and statutory service provision locally.

We continue to see changes in our user groups since the pandemic.

As we continue the recovery process from Covid-19, we are experiencing higher numbers of users, an increase of people who need our services for the first time and higher levels of need within existing participants.

Having increased demand from participants, seeing an increase in users and the need for additional resources adds to the pressures on the organisation within an existing high pressure environment where small organisations are competing for the grant funding available. This is being made even harder with the increased costs associated with inflation, energy prices and the cost-of-living crisis in general.

We know and understand the need in our user group, we have gathered the views of those we support and have asked the best way of meeting their needs. We have consulted with professionals and are clear on how important the support we provide is for people with the most complex needs locally who need our level of support in the first instance and at crisis points to then move on to other services. Strategically we are expanding the arts, creativity, cultural and inclusion aspects of our offer and services in line with the direction we are seeing funders taking and the ways we know we can use these themes to support adults with learning disabilities to achieve better lives and personal outcomes.

Real Lives Real Choices

Trustees' Annual Report (continued)

Year Ended 31 July 2021

Achievements During the Year

During this period the Charity continued to support adults with learning disabilities, their families and carers within the on-going restrictions and guidelines relating to Covid-19.

Partnership working with other agencies was central to the approach in order to reach those with the highest needs and ensure support was in place; in particular in relation to health, wellbeing and maintaining connections.

People with learning disabilities were deeply impacted and required responses that could be flexible to their needs. In response the organisation converted and created content that could be delivered via creative care packages and a combination of group, collective and 1:1 support; including video calls, online based sessions, telephone support and packages when face-to-face support was not possible.

Face-to-face sessions returned once the restrictions were lifted with smaller group sizes, timetabling in 'bubbles' and working arrangements to support safer ways of working.

The Charity delivered a programme funded via European Social Fund for a group of individuals developing skills for life and work;

The Charity delivered a programme targeted providing groups and support via funding specifically for 'Women and Girls'

The 'Wellsolate & Create' project distributing creativity packs with themes and techniques that included - working with clay, tattoo art, glass painting, tattoo art, metal embossing, decoupage, tabletop woodwork and making skills.

Financial Review

Main sources of funds are grants via funders seeking to support health, wellbeing and opportunities focused on outcomes for people with learning disabilities. Key themes include life skills, personal progression, life-long learning and progressing towards employment options.

Reserves Policy

Reserves are held to meet fluctuations or problems in receipt of payments and to respond to contingencies and risks. At 31st July 2021 reserves totalled £5,555.

A separate fund of £10,000 has been designated to cover working capital requirements.

Important partnerships during this period have included NHS Services, Specialist Care Homes, Independent Sector Support provider services and workers that could support our connection with individuals living at home and with family carers.

We have greatly valued the honest conversations and flexibility of approach with key grant fundersthat has enabled us to be responsive and individualised in our support of people with learning disabilities.

Real Lives Real Choices

Trustees' Annual Report (continued)

Year Ended 31 July 2021

Structure, Governance and Management

The charity is a Charitable Incorporated Organisation (CIO) with charity number 1154861. It was registered with the Charity Commission on 4th December 2013 and on 1st July 2015 took over the assets and activities from the old unincorporated charity of the same name. It is controlled by its governing document.

Recruitment and appointment of new trustees

The RLRC Trustee Board has between 3 and 12 members. Trustees are elected from the membership.

Induction and training of new trustees

New trustees meet with the board /allocated board representatives for an induction meeting prior to attending their first board meeting and are provided with an induction pack containing all of the key information about the work of RLRC. Trustees are encouraged to visit the projects we host to better understand the work of the organisation. External trainers and training is sourced to support trustees on specific areas, duties and compliance. Charity Commission guidance and other materials are circulated to trustees. Trustees undertake a DBS Enhanced Check.

Organisational Structure

The Board takes all strategic decisions relating to RLRC including:

Approving and receiving reports from the Service Manager;
Ensuring activity and performance is regularly reviewed and evaluated;- Monitoring the financial position including budget setting;
Monitoring and reviewing policies as required;

An enterprise and primary purpose trading sub-committee is going to be established to provide emphasis on the area and report back to the Board.

Risk Management

Trustees review risks on an ongoing basis and in response to new areas of activity. Specific projects require their own risk sub-committee with special emphasis and duties.

Real Lives Real Choices

Trustees' Annual Report (continued)

Year Ended 31 July 2021

Reference and Administrative Details

Registered charity name Real Lives Real Choices Charity registration number 1154861 Principal office The Trustees B Smith (Co-Chairperson) P McMahon (Co-Chairperson) M Franklin A Ratcliffe C Clifford (Treasurer) Independent Examiner Jane Ascroft FCA MA (Cantab) Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

B Smith (Co-Chairperson) Trustee

Real Lives Real Choices

Independent Examiner's Report to the Trustees of Real Lives Real Choices

Year Ended 31 July 2021

I report to the trustees on my examination of the financial statements of Real Lives Real Choices ('the charity') for the year ended 31 July 2021.

Responsibilities and Basis of Report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

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

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Jane Ascroft FCA MA (Cantab) Independent Examiner

Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP

Real Lives Real Choices

Statement of Financial Activities

Year Ended 31 July 2021

			2021		2020
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	–	68,836	68,836	51,950
Charitable activities	5	1,135	–	1,135	–
		`───────`	`────────`	`────────`	`────────`
Total income		1,135	68,836	69,971	51,950
		`═══════`	`════════`	`════════`	`════════`
Expenditure
Expenditure on charitable activities	6,7	3,770	50,836	54,606	38,708
		`───────`	`────────`	`────────`	`────────`
Total expenditure		3,770	50,836	54,606	38,708
		`═══════`	`════════`	`════════`	`════════`
		`───────`	`────────`	`────────`	`────────`
Net income and net movement in	funds	(2,635)	18,000	15,365	13,242
		`═══════`	`════════`	`════════`	`════════`
Reconciliation of funds
Total funds brought forward		18,190	45,000	63,190	49,948
		`────────`	`────────`	`────────`	`────────`
Total funds carried forward		15,555	63,000	78,555	63,190
		`════════`	`════════`	`════════`	`════════`

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 17 form part of these financial statements.

Real Lives Real Choices

Statement of Financial Position

31 July 2021

		2021	2020
	Note	£	£
Current Assets
Debtors	12	136	115
Cash at bank and in hand		85,519	64,264
		`────────`	`────────`
		85,655	64,379
Creditors: amounts falling due within one year	13	7,100	1,189
		`────────`	`────────`
Net Current Assets		78,555	63,190
		`────────`	`────────`
Total Assets Less Current Liabilities		78,555	63,190
		`────────`	`────────`
Net Assets		78,555	63,190
		`════════`	`════════`
Funds of the Charity
Restricted funds		63,000	45,000
Unrestricted funds		15,555	18,190
		`────────`	`────────`
Total charity funds	15	78,555 `════════`	63,190 `════════`

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:

B Smith (Co-Chairperson) Trustee

C Clifford (Treasurer) Trustee

The notes on pages 9 to 17 form part of these financial statements.

Real Lives Real Choices

Notes to the Financial Statements

Year Ended 31 July 2021

1. General Information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Unit D, Sacriston Enterprise Workshops, Plawsworth Road, Sacriston, Durham, DH7 6PD.

2. Statement of Compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going Concern

There are no material uncertainties about the charity’s ability to continue.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no significant estimates or judgements affecting these financial statements.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Real Lives Real Choices

Notes to the Financial Statements (continued)

Year Ended 31 July 2021

3. Accounting Policies (continued)

Income

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Real Lives Real Choices

Notes to the Financial Statements (continued)

Year Ended 31 July 2021

3. Accounting Policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 25% straight line Office Equipment - 25% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

Real Lives Real Choices

Notes to the Financial Statements (continued)

Year Ended 31 July 2021

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.

Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation

The company 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 company 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. Donations and Legacies

	Restricted	Total Funds	Restricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Grants
Bailey Thomas	–	–	20,000	20,000
Durham County council	12,336	12,336	10,000	10,000
County Durham Community
Foundation	21,500	21,500	10,000	10,000
Screwfix Foundation	–	–	5,000	5,000
Karbon Homes	–	–	1,000	1,000
Sir James Knott Foundation	–	–	4,000	4,000
Rothley Trust	–	–	1,000	1,000
Bernica Foundation	10,000	10,000	–	–
NHS Connector	25,000	25,000	–	–
Other smaller grants	–	–	950	950
	`────────`	`────────`	`────────`	`────────`
	68,836	68,836	51,950	51,950
	`════════`	`════════`	`════════`	`════════`

Real Lives Real Choices

Notes to the Financial Statements (continued)

Year Ended 31 July 2021

5. Charitable Activities

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Trading income	635	635	–	–
	Other fees	500	500	–	–
		`───────`	`───────`	`────`	`────`
		1,135	1,135	–	–
		`═══════`	`═══════`	`════`	`════`
6.	Expenditure on Charitable Activities by Fund Type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			£	£	£
	Charitable activities (see page 19)		3,770	50,836	54,606
			`═══════`	`════════`	`════════`
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			£	£	£
	Charitable activities (see page 19)		29,798	8,910	38,708
			`════════`	`═══════`	`════════`
7.	Expenditure on Charitable Activities by Activity Type
			Activities
			undertaken	Total funds	Total fund
			directly	2021	2020
			£	£	£
	Charitable activities (see page 19)		54,606	54,606	38,708
			`════════`	`════════`	`════════`
8.	Independent Examination Fees
				2021	2020
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial	statements		600	600
				`════`	`════`
9.	Staff Costs
	The total staff costs and employee benefits for the reporting period are analysed as				follows:
				2021	2020
				£	£
	Wages and salaries			33,118	11,493
	Employer contributions to pension plans			71	59
	Redundancy costs			–	12,822
				`────────`	`────────`
				33,189	24,374
				`════════`	`════════`

Real Lives Real Choices

Notes to the Financial Statements (continued)

Year Ended 31 July 2021

9. Staff Costs (continued)

The average head count of employees during the year was 2 (2020: 2). The average number of full-time equivalent employees during the year is analysed as follows:

	2021	2020
	No.	No.
Number of project staff	1	1
	`════`	`════`

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

10. Trustee Remuneration and Expenses

No trustees received any remuneration or expenses during the year (2019 - Nil).

11. Tangible Fixed Assets

	Plant and	Office
	machinery	Equipment	Total
	£	£	£
Cost
At 1 August 2020 and 31 July 2021	3,999	11,796	15,795
	`═══════`	`════════`	`════════`
Depreciation
At 1 August 2020 and 31 July 2021	3,999	11,796	15,795
	`═══════`	`════════`	`════════`
Carrying amount
At 31 July 2021	–	–	–
	`═══════`	`════════`	`════════`
At 31 July 2020	–	–	–
	`═══════`	`════════`	`════════`
Debtors
		2021	2020
		£	£
Prepayments and accrued income		136	115
		`════`	`════`
Creditors: amounts falling due within one year
		2021	2020
		£	£
Trade creditors		–	589
Accruals and deferred income		600	600
Social security and other taxes		1,438	–
Wages Creditor		4,896	–
Other creditors		166	–
		`───────`	`───────`
		7,100	1,189
		`═══════`	`═══════`

12. Debtors

13. Creditors: amounts falling due within one year

14. Pensions and Other Post Retirement Benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £71 (2020: £59).

Real Lives Real Choices

Notes to the Financial Statements (continued)

Year Ended 31 July 2021

15. Analysis of Charitable Funds

Unrestricted funds

Unrestricted funds
	At 1 August				At
	2020	Income	Expenditure	Transfers	31 July 2021
	£	£	£	£	£
General funds	8,190	1,135	(3,770)	–	5,555
Redundancy fund	–	–	–	–	–
Working capital fund	10,000	–	–	–	10,000
	`────────`	`───────`	`───────`	`────`	`────────`
	18,190	1,135	(3,770)	–	15,555
	`════════`	`═══════`	`═══════`	`════`	`════════`
	At 1 August				At
	2019	Income	Expenditure	Transfers	31 July 2020
	£	£	£	£	£
General funds	15,166	–	(29,798)	22,822	8,190
Redundancy fund	12,822	–	–	(12,822)	–
Working capital fund	20,000	–	–	(10,000)	10,000
	`────────`	`────`	`────────`	`────────`	`────────`
	47,988	–	(29,798)	–	18,190
	`════════`	`════`	`════════`	`════════`	`════════`

Real Lives Real Choices

Notes to the Financial Statements (continued)

Year Ended 31 July 2021

15. Analysis of Charitable Funds (continued)

Restricted funds

Restricted funds
	At 1 August				At
	2020	Income	Expenditure	Transfers	31 July 2021
	£	£	£	£	£
Screwfix Foundation	5,000	–	–	–	5,000
Bailey Thomas	20,000	–	(15,000)	–	5,000
Durham County Council	10,000	12,336	(22,336)	–	–
County Durham
Community Foundation	10,000	46,500	(13,500)	–	43,000
Bernica Foundation	–	10,000	–	–	10,000
	`────────`	`────────`	`────────`	`────`	`────────`
	45,000	68,836	(50,836)	–	63,000
	`════════`	`════════`	`════════`	`════`	`════════`
	At 1 August				At
	2019	Income	Expenditure	Transfers	31 July 2020
	£	£	£	£	£
Screwfix Foundation	–	5,000	–	–	5,000
Karbon Homes	–	1,000	(1,000)	–	–
Bailey Thomas	–	20,000	–	–	20,000
Durham County Council	–	10,000	–	–	10,000
County Durham
Community Foundation	1,960	10,000	(1,960)	–	10,000
Hospital of God at
Greatham	–	450	(450)	–	–
Sir James Knott
Foundation	–	4,000	(4,000)	–	–
Catherine Cookson
Charitable Trust	–	500	(500)	–	–
Rothley Trust	–	1,000	(1,000)	–	–
	`───────`	`────────`	`───────`	`────`	`────────`
	1,960	51,950	(8,910)	–	45,000
	`═══════`	`════════`	`═══════`	`════`	`════════`

Real Lives Real Choices

Notes to the Financial Statements (continued)

Year Ended 31 July 2021

15. Analysis of Charitable Funds (continued)

The restricted grants are for the following purposes:

Screwfix Foundation - Capital works Karbon Homes - Covid support

Bailey Thomas - £5,000 for capital works, remainder for revenue costs Durham County Council - Covid support

County Durham Community Foundation - Revenue costs Hospital of God - Revenue costs

Sir James Knott Foundation - Revenue costs Catherine Cookson - Capital and equipment Rothley Trust - Capital and equipment

16. Analysis of Net Assets Between Funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
Current assets	22,655	63,000	85,655
Creditors less than 1 year	(7,100)	–	(7,100)
	`────────`	`────────`	`────────`
Net assets	15,555	63,000	78,555
	`════════`	`════════`	`════════`
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
	£	£	£
Current assets	19,379	45,000	64,379
Creditors less than 1 year	(1,189)	–	(1,189)
	`────────`	`────────`	`────────`
Net assets	18,190	45,000	63,190
	`════════`	`════════`	`════════`

Real Lives Real Choices

Management Information

Year Ended 31 July 2021

The Following Pages Do Not Form Part of the Financial Statements.

Real Lives Real Choices

Detailed Statement of Financial Activities

Year Ended 31 July 2021

	2021	2020
	£	£
Income and endowments
Donations and legacies
Bailey Thomas	–	20,000
Durham County council	12,336	10,000
County Durham Community Foundation	21,500	10,000
Screwfix Foundation	–	5,000
Karbon Homes	–	1,000
Sir James Knott Foundation	–	4,000
Rothley Trust	–	1,000
Bernica Foundation	10,000	–
NHS Connector	25,000	–
Other smaller grants	–	950
	`────────`	`────────`
	68,836	51,950
	`────────`	`────────`
Charitable activities
Trading income	635	–
Other fees	500	–
	`───────`	`────`
	1,135	–
	`───────`	`────`
	`────────`	`────────`
Total income	69,971	51,950
	`════════`	`════════`
Expenditure
Expenditure on charitable activities
Wages & salaries	33,118	11,493
Pension costs	71	59
Redundancy costs	–	12,822
Premises costs	3,730	8,149
Insurance	868	1,229
Accountancy and professional fees	2,496	853
Office costs	943	655
Materials and equipment	11,748	2,305
Travel and training	1,083	1,065
Other costs	549	78
	`────────`	`────────`
Total expenditure	54,606	38,708
	`════════`	`════════`
	`────────`	`────────`
Net income	15,365	13,242
	`════════`	`════════`