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|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|
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||||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|
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||||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|
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||||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.|
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|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|
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|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|||||||
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|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||||
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|||||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|
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|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|
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