**REGISTERED CHARITY NUMBER: 1154904**
Report of the Trustees and
Financial Statements
for the Year Ended 31 March 2021
for
Foreward North Lincolnshire CIO
SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Foreward North Lincolnshire CIO
## Contents of the Financial Statements for the Year Ended 31 March 2021
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|2|
|Statement of Financial Activities||3||
|Balance Sheet||4||
|Notes to the Financial Statements|5|to|9|
|Detailed Statement of Financial Activities||10||
Foreward North Lincolnshire CIO
## Report of the Trustees
## for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.
For the purpose of this clause 'socially excluded' means being excluded from society, or parts of society, as a result of one or more of the following factors: unemployment, financial hardship, youth or old age, ill health (physical and mental), substance abuse or dependency including alcohol or drugs, discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender reassignment, poor educational skills or attainment, relationship and family breakdown, poor housing (either as a victim of crime or as an offender rehabilitating into society).
## **Public benefit**
The trustees have had regard to the Charity Commission's guidance on public benefit.
## **FINANCIAL REVIEW**
## **Reserves policy**
There is currently no reserve policy in place.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is a Charitable Incorporated Organisation and is controlled by its governing document. The charity was registered on 6th December 2013 under the Association model.
## **Recruitment and appointment of new trustees**
Trustees are elected by membership following application, recommendation and assessment of suitability. All trustees are provided with information about the charity and training in respect of their role.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1154904
## **Principal address**
45 Minster Road Scunthorpe North Lincolnshire DN15 7EP
## **Trustees**
P S Silvester Trustee T P Parsons Trustee Miss T J A Allen Trustee M I Inkson Trustee G Martin Trustee
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 1
Foreward North Lincolnshire CIO
## Report of the Trustees
## for the Year Ended 31 March 2021
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
Approved by order of the board of trustees on 3 February 2022 and signed on its behalf by:
P S Silvester - Trustee
Page 2
## Foreward North Lincolnshire CIO
## Statement of Financial Activities for the Year Ended 31 March 2021
|Unrestricted
Restricted
fund
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
-
500
Investment income
2
15
-
**Total**
15
500
**EXPENDITURE ON**
**Charitable activities**
General
596
-
**NET INCOME/(EXPENDITURE)**
(581)
500
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
(1,703)
10,717
**TOTAL FUNDS CARRIED FORWARD**
(2,284)
11,217|2021
Total
funds
£
500
15
515
596
(81)
9,014
8,933|2020
Total
funds
£
1,000
72|
|---|---|---|
|||1,072
580|
|||492
8,522|
|||9,014|
The notes form part of these financial statements
Page 3
Foreward North Lincolnshire CIO
## Balance Sheet 31 March 2021
|Unrestricted
Restricted
fund
funds
Notes
£
£
**CURRENT ASSETS**
Debtors
5
275
22
Cash at bank
-
11,217
275
11,239
**CREDITORS**
Amounts falling due within one year
6
(2,559)
(22)
**NET CURRENT ASSETS/(LIABILITIES)**
(2,284)
11,217
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
(2,284)
11,217
**NET ASSETS**
(2,284)
11,217
**FUNDS**
8
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2021
Total
funds
£
297
11,217
11,514
(2,581)
8,933
8,933
8,933
(2,284)
11,217
8,933|2020
Total
funds
£
22
10,717
10,739
(1,725)
9,014
9,014
9,014
(1,703)
10,717
9,014|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 3 February 2022 and were signed on its behalf by:
P S Silvester - Trustee
The notes form part of these financial statements
Page 4
Foreward North Lincolnshire CIO
Notes to the Financial Statements for the Year Ended 31 March 2021
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charity, 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **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.
## **TAXATION**
The charity is exempt from tax on its charitable activities.
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||2021|2020|
||£|£|
|Deposit account interest|15|72|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **TRUSTEES' EXPENSES**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Page 5
continued...
Foreward North Lincolnshire CIO
## Notes to the Financial Statements - continued for the Year Ended 31 March 2021
|**4.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
fund
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
1,000
-
Investment income
72
-
**Total**
1,072
-
**EXPENDITURE ON**
**Charitable activities**
General
580
-
**NET INCOME**
492
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
(2,195)
10,717
**TOTAL FUNDS CARRIED FORWARD**
(1,703)
10,717
**5.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2021
£
Trade debtors
22
Prepayments
275
297|Total
funds
£
1,000
72|
|---|---|
||1,072
580|
||492
8,522|
||9,014|
||2020
£
22
-
22|
Page 6
continued...
Foreward North Lincolnshire CIO
## Notes to the Financial Statements - continued for the Year Ended 31 March 2021
|**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|---|---|---|---|---|
||||2021|2020|
||||£|£|
||Bank loans and overdrafts (see note 7)||1,996|770|
||Other creditors||585|955|
||||2,581|1,725|
|**7.**|**LOANS**||||
||An analysis of the maturity of loans is given below:||||
||||2021|2020|
||||£|£|
||Amounts falling due within one year on demand:||||
||Bank overdrafts||1,996|770|
|**8.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 1.4.20|in funds|31.3.21|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|(1,703)|(581)|(2,284)|
||**Restricted funds**||||
||Restricted Fund - Rank Foundation|2,500|500|3,000|
||Restricted Fund - Humber Reach Foundation|8,217|-|8,217|
|||10,717|500|11,217|
||**TOTAL FUNDS**|9,014|(81)|8,933|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|15|(596)|(581)|
||**Restricted funds**||||
||Restricted Fund - Rank Foundation|500|-|500|
||**TOTAL FUNDS**|515|(596)|(81)|
continued...
Page 7
Foreward North Lincolnshire CIO
## Notes to the Financial Statements - continued for the Year Ended 31 March 2021
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
||||Net||
|---|---|---|---|---|
||||movement|At|
||At 1.4.19||in funds|31.3.20|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund|(2,195)||492|(1,703)|
|**Restricted funds**|||||
|Restricted Fund - Rank Foundation||2,500|-|2,500|
|Restricted Fund - Humber Reach Foundation||8,217|-|8,217|
||10,717||-|10,717|
|**TOTAL FUNDS**||8,522|492|9,014|
|Comparative net movement in funds, included in the above|are as follows:||||
||Incoming||Resources|Movement|
||resources||expended|in funds|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund||1,072|(580)|492|
|**TOTAL FUNDS**||1,072|(580)|492|
|A current year 12 months and prior year 12 months combined position is as follows:|||||
||||Net||
||||movement|At|
||At 1.4.19||in funds|31.3.21|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund|(2,195)||(89)|(2,284)|
|**Restricted funds**|||||
|Restricted Fund - Rank Foundation||2,500|500|3,000|
|Restricted Fund - Humber Reach Foundation||8,217|-|8,217|
||10,717||500|11,217|
|**TOTAL FUNDS**||8,522|411|8,933|
continued...
Page 8
Foreward North Lincolnshire CIO
## Notes to the Financial Statements - continued for the Year Ended 31 March 2021
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,087|(1,176)|(89)|
|**Restricted funds**||||
|Restricted Fund - Rank Foundation|500|-|500|
|**TOTAL FUNDS**|1,587|(1,176)|411|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
Page 9
## Foreward North Lincolnshire CIO
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Insurance
**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
2021
2020
£
£
500
1,000
15
72
515
1,072
240
232
60
60
296
288
596
580
(81)
492|Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
2021
2020
£
£
500
1,000
15
72
515
1,072
240
232
60
60
296
288
596
580
(81)
492|
|---|---|---|
||||
|||1,072
232
60
288|
|||580|
|||492|
This page does not form part of the statutory financial statements
Page 10