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2021-03-31-accounts

CONTENTS PAGES
LEGAL AND ADMINISTRATIVE DETAILS
DIRECTORS' REPORT 4 —5
CEO'S REPORT
INCOME AND EXPENDITURE ACCOUNT 7-9
BALANCE SHEET 10-11
NOTES TO THE FINANCIAL STATEMENTS 12 —21
INDEPENDENT
EXAMINER'S		 REPORT 22

2020-2021 2019-2020
f
Income
Restricted Income
Active Norfolk 0 1,320
Age UK 0 1,680
Big Lottery 266,716 245,160
Black History
Month		 0 200
Children
in Need		 23,662 26,487
Designated
donations		 0 987
MomentumNoluntary Norfolk 490 746
National
Lottery —Award for All		 0 9,998
NC Football FC 0 200
Norfolk Community Foundation 5,860 12,611
Norfolk County Council 5,826 30,075
Norwich
Charitable		 Trusts 3,402 0
Norwich
City Council		 2,500 2,500
Norwich
Consolidated		 Charity 0 2,400
Norwich
Opportunity		 Area 1,386 0
The Children's
Society		 24,178 0
The Common
Lot		 0 3,000
The Grange 0 52
The Tudor Trust 2,000 60,000
UK Youth 3,298 0
Total Restricted Income 339318 397417
Unrestricted
Income
Black History
Month		 200 0
Broadlands
District		 Council 0 120
Charities Trust 0 100
Designated
donations		 9,563 0
Ellerdale Trust 500 1,500
English + 625 0
Four Winds 0 1,000
Greggs Foundation 500 0
Ground
Work Lockside		 1,000 0
Norwich
City Council		 10,000 0
Refugee Action 5,388 0
Septagon Trust 55,000 30,000
SLDAY grant 0 400
The Benevolent Association 0 360
UEA 0 500
Unallocated
fund		 17,313 5,115
World Banquet 0 960
GIR Aid 2,799 2,454
Interest 94 202
Donations 11,583 16,380
Refund ofGoods/payments 670 1,012
Total Unrestricted Income 115236 60102
Other income
Credit 107
Total Other Income 107
Total Income 454,554 457,625
2020-2021 2019-2020
E
Expenditure
Restricted
Expenditure
Employee Salaries 106,758 90,217
Employers'
NIC and		 PAYE 4,709 3,606
Employers'
pension		 1,542 855
Sessional Staff 27,835 20,195
Staff Travel 109 909
Rent & Utilities 8,929 10,712
Equipment 4,374 718
Marketing
&Advertising		 176 3,381
General Expenses 3,124 3,118
Travel and Subsistence 494 8,012
Travel and costs for outings 0 1,368
Refreshment 25 3,673
Training 1,220 354
Membership 623 401
Consumable 37 286
Materials 0 396
Cleaning 1,479 2,076
Insurance 972 940
Workshop expenses 2,502 1,719
Volunteering
Costs		 175 0
Audit &Accountancy fee 516 348
Bank fees 0 9
Big Lottery for NIP partners 129,300 99,024
IT Expenses 2,643 2,344
NIP fundraising
payments		 12,434 1,957
C19support 19,278 0
Client Support 0 1,146
Refurbishment
building		 2,400 0
Other Expenses 0 791
Total Restricted Expenditure 331,656 258,558
Unrestricted
Expenditure
Employee Salaries 14,000 2,824
Employers'
NIC and		 PAYE 1,427 226
Employers'
pension		 258 335
Sessional Staff 0 4,412
Rent & Utilities 7 0
Equipment 96 0
General Expenses 3,619 360
Marketing
&Advertising		 697 0
Travel &Subsistence 381 0
Membership 35 0
Workshop
Expenses		 439 251
Consumable 97 0
Volunteering
Costs		 126 0
Audit &Accountancy fee 399 0
Partners
fundraising		 payments 11,000 0
Training
/ DBS		 222 400
C19support 3,207 0
Clients Support 967 0
Refurbishment
building		 4,447 0
Total Unrestricted Expenditure 41 424 8807
Total Expenditure 373,080 267,365
Income over Expenditure 81,474 190,260

2020/2021 2019/2020
Restricted Current Assets
Cash in hand 25 148
Bank 169,856 120,074
Debtors 0 0
Emergency
fund
Reserves		 4,062
46,385		 4,573
46,214
Total Restricted
Current		 Assets 220,329 171,009
Unrestricted
Current Assets
Bank 49,732 21,804
Debtors 3,888 0
Total Unrestricted
Current Assets		 53,620 21,804
Total Current Assets 273,949 192,813
Restricted Current Liabilities
City of Sanctuary
liability
Total Restricted
Current		 Liabilities 1,126
1 126		 1,464
1,464
Total Current
Liabilities		 1,126 1,464
Net Assets 2?2 823 191349
Accumulated
Funds
Opening
Balance
(Deficit)/Surplus		 191,349
81,474		 1,089
190,260
Closing Balance 272 823 191349

2.2 INCOME
Recognition ofincome These are induded
in the Statement ofFinancial
Activities (SoFA)
when:
the charity becomes entitled to the resources;
it is more likely than not that the trustees
will receive the
resources;
and
the monetary
value can be measured
There has been no offsetting ofassets and liabilities,
or income and
expenses,
unless required
or permitted
by the FRS 102SORP or FRS
Offsetting 102.
Grants and donations
are only included
in the SoFA when the
general
income recognition
criteria are met (5.10to5.12FRS102
Grants and donations SORP).
In the case ofperformance
related grants,
income must only be
recognised to the extent that the charity has provided
the specified
goods or services as entitlement
to the grant only occurs when the
performance
related conditions are met (5.16FRS 102SORP).
Legacies Legacies are induded
in the SOFA when receipt is probable, that is,
when there has been grant ofprobate, the executors have
established
that there are sufficient assets in the estate and any
conditions
attached to the legacy are either within the control ofthe
charity or have been met.
Government grants The charity has received a government
grant
in the reporting
period.
Details ofthis grant can be found
in note 3.
Gift Aid receivable
is included
in income when there is a valid
Tax reclaims on
donations
and gifts		 dedaration
from the donor.
Any Gift Aid amount recovered
on a
donation
is considered to be part ofthat gift and is treated as an
addition to the same fund as the initial donation
unless the donor or
the terms ofthe appeal have specified otheiwise.
Contractual income This is only included
in the SoFAonce the charity has provided the
and performance related goods or services or met the performance
related conditions.
related grants
Donated goods Donated goods are measured
at fair value (the amount
for which the
asset could be exchanged)
unless impractical
to do so.
The cost of any stock ofgoods donated
for distribution
to
beneficiaries
is deemed to be the fair value ofthose gifts at the time
oftheir receipt and they are recognised
on receipt.
In the reporting
period
in which the stocks are distributed,
they are recognised as an
expense at the carrying
amount ofthe stocks at distribution.
Donated goods for resale are measured
at fair value on initial
recognition,
which is the expected proceeds from sale less the
expected costs ofsale and recognised
in 'Income from other trading
activities'
with the corresponding
stock recognised
in the balance
sheet.
On its sale the value ofstock is charged against 'Income from
other trading
activities'
and the proceeds from sale are also
recognised as 'Income from other trading
activities'.
Goods donated
for on-going use by the charity are recognised as
tangible
fixed assets and included
in the SoFA as incoming
resources when receivable.
~ ~
~
g
~
GiRs in kind for use by the charity are included
in the SoFA as
income from donations
when receivable.
Donated services and
facilities		 Donated services and facilities are induded
in the SOFA when
received at the value ofthe giR to the charity provided
the value of
the giR can be measured
reliably.
Donated services and facilities that are consumed
immediately
are
recognised as income with an equivalent
amount recognised as an
expense under the appropriate
heading
in the SOFA.
Supportcosts The charity has incurred
expenditure
on support costs.
Volunteer
help		 The value ofany voluntary
help received is not included
in the
accounts but is described
in the trustees'
annual
report.
Income from interest, This is induded
in the accounts when receipt is probable,
and the
royalties and dividends amount
receivable can be measured
reliably.
Income from
membership
subscriptions		 Membership
subscriptions
received
in the nature ofa gift are
recognised
in Donations
and Legacies.
Membership
subscriptions
which gives a member the right to buy
services or other benefits are recognised as income earned from the
provision ofgoods and services as income from charitable
activities.
Settlement of
insurance
claims		 Insurance
claims are only induded
in the SoFAwhen the general
income recognition
criteria are met (5.10to 5.12FRS102SORP) and
are included as an item ofother income in the SoFA.
Investment
gains and		 This indudes
any realised or unrealised
gains or losses on the sale
losses ofinvestments
and any gain or loss resulting
from revaluing
investments
to market value at the end ofthe year.

Note 7 Cash at bank
This Last
year year
Cash at bank and on hand 270,061 192,813
Other
Total 270,061 192,813

8.1 Analysis ofcreditors
Amounts falling Amounts falling
due within one due after more
ear than one ear
This Last This Last year
year year year
E
Trade creditors
Accruals and deferred income
Other creditors 1 126 1 464
Total 1 126

8.2 Deferred income
This Last year
Movement in deferred income account year
Balance at the start ofthe reporting period 124,993
Amounts
added
in current period
Amounts
released to income from		 previous periods 124,993
Balance at the end ofthe reporting period

Fund Fund
balances balances
brought carried
forward Income Expenditure Transfers forward
Fund names E f F
Age UK —dance sessions 1,050 1,050
Award for All grant —Refugee
Week 8,836 260 8,576
Big Lottery 21,096 169,669 167,077 23,688
Big Lottery —covid 1S 48,300 21,049 27,251
Children
in Need		 115 23,662 17,151 6,625
City of Sanctuary donations—
Allotment
scheme		 180 180
Ellerdale Trust 500 S73 1,473
Lottery Community Fund NIP
uplift 48,747 48,202 545
MomentumNoluntary Norfolk 250 490 550 190
NC Football FC 85 85
NCC Active Norfolk —MMA 321 321
Norfolk Charitable Trust—
Anguish's
Educational
Foundation 3,402 3,402
Norfolk Community Foundation
—Covid 19support 5,860 5,860
Norfolk Community Foundation
—Sherloy Charitable Trust fund 1,858 624 1,234
Norfolk County Council—
Allotment
scheme		 5,000 2,973 2,027
Norfolk County Council —EAL
workshop 10,925 3,980 5,198 9,707
Norfolk County Council —Early
Childhood
Community		 Fund 1,186 1,186
Norfolk County Council—
Summer Activities 660 440 220
Norwich
City Council		 Refugee
Week 2,500 2,500
Norwich
Consolidated		 Charity-
MMA 2,400 2,400
Norwich
Opportunity		 Area 1,386 770 616
The Children's
Society		 —Covid
19support 24, 178 22,743 1,435
Tudor Trust 32,407 2,000 30,518 3,890
UK Youth —EmpowHer 3,298 2,254 1,044
Black History month 200 200
Total restricted funds 84,723 339,818 331,656 973 93858
9.2 Designated Funds
Fund Fund
balances balances
brought earned
forward Income Expenditure Transfers forward
Fund names F
Ellerdale Trust 973 (973)
Septagon Trust 30,000 55,000 17,278 67,722
SLDAY grant Stephen
Lawrence 100 100
Four Wings grant 484
Greggs Foundation —Covid 19
support 500 500
Ground
Work Lockside —Covid
19support 1,000 1,000
Refugee Action 5,388 5,388
English + 625 625
World Banquet Concert 514 (514)
Designated
donations		 / courses
/ Training
/ Funding		 2,247 (2,247)
Norwich
City Council		 10,000 4,447 5,553
NR Reserve Account 46,214 171 46,385
Designated
donations		 9,763 3,081 6,682
Emergency
Fund		 4,573 75 586 4,062
Total designated
funds		 85105 82 522 27517 3 734 136377

Unrestricted funds: funds:
General Funds 21,522 32,213 13,908 2,781 42,588
Total General Funds 21,522 32,213 13,908 2,761 42,588
Total unrestricted funds 106,627 114,735 41,424 (973) 178,965
Pension fund
Total Funds 191,349 454,553 373,081 272,823