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|CONTENTS||PAGES|
|---|---|---|
|LEGAL AND ADMINISTRATIVE|DETAII S||
|DIRECTORS' REPORT||4 —5|
|CEO'S REPORT|||
|INCOME AND EXPENDITURE|ACCOUNT|7-9|
|BALAhICE SHEET||10-11|
|NOTES TOTHE FINANCIAL STATEMENTS||12 —21|
|INDEPEhlDEhIT
EXAMINER'S|REPORT|22|
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|Restricted Income|||
|---|---|---|
|Active Norfolk|4,246|0|
|AVIVA|14,200|0|
|Big Lottery|46,166|266,716|
|Broadland
District Council|22,500|0|
|Children
in Need|28,753|23,662|
|Momentum/Voluntary
Norfolk|0|490|
|Norfolk Community
Foundation|69,890|5,860|
|Norfolk County Council|12,500|5,826|
|Norwich Charitable
Trusts|0|3,402|
|Norwich
City Council|9,500|2,500|
|Norfolk Gardens Trust|100|0|
|Norwich
Opportunity
Area|0|1,386|
|The Children's
Society|0|24,178|
|Norwich
Local Quakers Meeting|559|0|
|Postcode Places Trust|7,612|0|
|South Norfolk District Council|22,500|0|
|The Tudor Trust|0|2,000|
|UK Youth|6,285|3,298|
|University
of East Anglia|1,500|0|
|Total Restrtcted
Income|246,310|339,318|
|Unrestricted
Income|||
|Black History Month|0|200|
|British RedCross|420|0|
|CAN Community
Action Norfolk|10,080|0|
|Designated
donations|16,289|9,563|
|Ellerdale
Trust|0|500|
|English +|0|625|
|Greggs Foundation|0|500|
|Ground Work Lockside|0|1,000|
|National
Centre for Writing|National
Centre for Writing|1,350|0|
|---|---|---|---|
|Norwich
City Council||0|10,000|
|Norwich
Charitable|Trust-Anguish's|||
|Educational
Foundation||180|0|
|Pezhman
Arzhang||1,000|0|
|Refugee Action||0|5,388|
|Septagon Trust||30,000|55,000|
|Sutasoma
Charity||1,900|0|
|Unallocated
fund||3,764|17,313|
|Gift Aid||1,032|2,799|
|Interest||4|94|
|Donations||10,862|11,583|
|Refund ofGoods/payments||39|670|
|Total Unrestricted|Income|76,920|115,236|
|Total Income||323,229|454,554|
|||2021-2022|2020-2021|
||||E|
|Expenditure||||
|Restricted
Expenditure||||
|Employee Salaries||101,232|106,758|
|Employers'
NIC and|PAYE|5,777|4,709|
|Employers'
pension||3,047|1,542|
|Sessional Staff||37,176|27,835|
|Staff Travel||1,699|109|
|Rent 8 Utilities||7,274|8,929|
|Equipment||11,028|4,374|
|Marketing
&Advertising||1,278|176|
|General Expenses||2,383|3,124|
|Travel and Subsistence||1,859|494|
|Refreshment||2,482|25|
|Training||668|1,220|
|Membership||174|623|
|Consumable||445|37|
|Cleaning||1,171|1,479|
|Insurance||1,038|972|
|Workshop expenses||8,270|2,502|
|Volunteering
Costs||197|175|
|Audit &Accountancy|fee|540|516|
|Big Lottery for NIP partners||12,500|129,300|
|ITExpenses||1,773|2,643|
|NIP fundraising
payments||0|12,434|
|C19support||26,908|19,278|
|Refurbishment
building|Refurbishment
building|13,303|2,400|
|---|---|---|---|
|Total Restricted Expenditure||242,21$|331,666|
|Unrestricted
Expenditure||||
|Employee Salaries||50,922|14,000|
|Employers'
NIC and|PAYE|2,126|1,427|
|Employers'
pension||1,131|258|
|Sessional Staff||2,351|0|
|Rent & Utilities||2,117||
|Equipment||0|96|
|General Expenses||1,174|3,619|
|Insurance||312|0|
|Cleaning||44|0|
|ItExpenses||736|0|
|Marketing 8 Advertising||0|697|
|Travel &Subsistence||9|381|
|Membership||188|35|
|Workshop Expenses||5,335|439|
|Consumable||359|97|
|Volunteering
Costs||3|126|
|Refreshment||158|0|
|Audit &Accountancy|fee|2,480|399|
|Partners
fundraising|payments|927|I 't,000|
|Training
/ DBS||930|222|
|C19support||365|3,207|
|Clients Support||1,089|967|
|Refurbishment
building||5,553|4,447|
|Total Unrestricted|Expenditure|78,308|41 424|
|Total Expenditure||320,528|373,080|
|Income over Expenditure||2,702|81,474|
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|||2021/2022|2020/2021|
|---|---|---|---|
|||5|5|
|Restricted Current Assets||||
|Cash in hand||580|25|
|Bank||175,616|169,856|
|Emergency
fund||4,000|4,062|
|Reserves||50,063|46,385|
|Total Restricted Current|Assets|236262|223 323|
|Unrestricted
Current Assets||||
|Bank||47,072|49,732|
|Debtors||0|3,888|
|Total Unrestricted
Current Assets||47,072|53,620|
|Total Current Assets||277,331|2~73949|
|Restricted
Current Liabilities||||
|City ofSanctuary
liability||1,806|1,'f26|
|Tots! Restricted
Current|Liabilities|1,808|3 326|
|Total Current
Liabilities||1,806|1,126|
|fitet Assets||27~5525|222 623|
|Accumulated
Funds||||
|Opening
Balance||272,823|191,349|
|(Degcit)/Surpius||2,702|81,474|
|Closing Balance||275,526|272,823|
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|||2.2 INCOME|
|---|---|---|
|Recognition ofincome||These are included
in the Statement
of Financial Activities (SoFA)|
|||when:|
|||the charity becomes enbtled to the resources;|
|||D
it is more likely than not that the trustees wil! receive the|
|||resources;
and|
|||D
the monetary
value can be measured|
|||There has been no offsetting ofassets and liabilities, or income and|
|Offsetting||expenses, unless required
or permitted
by the FRS 102SORP or FRS|
|||102.|
|||Grants and donations are only included
in the SoFA when the|
|||general income recognition
criteria are met (5.10to 5.12FRS102|
|Grants and|donations|SORP).|
|||In the case of performance
related grants, income must only be|
|||recognised
to the extent that the charity has provided
the spect5ed|
|||goods or services as entitlement
to the grant only occurs when the|
|||performance
related conditions are met (5.16FRS 102SORP).|
|Legacies||Legacies are included
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.|
|||GIR Aid receivable
is included
in income when there isa valid|
|Tax reclaims on
donations
and gifts||declaration
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 indial donation
unless the donor or|
|||the terms ofthe appeal have specified otherwise.|
|Contractual|income|This is only included
in the SoFA once 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 ofany 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
act)vibes' 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 SoFAas incoming|
|||resources when receivable.|
||Gifts in kind for use by the charity are included
in the SoFAas|
|---|---|
||income from donations
when receivable.|
|Donated services end
facilities|Donated services and facilities are included
in the SOFA when
received at the value ofthe gift to the charity provided
the value of
the gift 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.|
|Support costs|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 included
in the accounts when receipt is probable,
and the|
|royalties and dividends|amount
receivable can be measured
reliably.|
|Income from
membership
subscrlptiona|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 included
in the SoFAwhen the general
income recognition
criteria are met (5.10to5.12FRS102SORP) and
are included as an item ofother income
in the SoFA.|
||This includes any realised or unreaiised
gains or losses on the sale|
|Investment
gains and|of investments
and any gain or loss resulting
from revaluing|
|losses|investments
to market value at the end ofthe year.|
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|Liability recognltlon|Liability recognltlon|Liabilities are recognised
where
lt is more likely than not that there is|
|---|---|---|
|||a legal or constructive
obligation
committing
the charity to pay out|
|||resources and the amount ofthe obligation
can be measured
with|
|||reasonable
certainty.|
|Governance|and|Governance
costs comprise
all costs involving
public accountability|
|support costs||ofthe charity and its compliance
with regulation
and good practice.|
|||Support costs include central functions
and have been allocated tc|
|||activity cost categories on a basis consistent
with the use of|
|||resources, e.g allocating
property costs by floor areas, or per capita,|
|||staff costs by the time spent and other costs by their usage.|
|Grants with
performance
conditions||Where the charity gives a grant with conditions for its payment
being
a specific level ofservice oroutput to be provided,
such grants are
only recognised
in the SoFA once the recipient ofthe grant has
provided
the specified service or output.|
|Grants payable without||Where there are no conditions
attaching
to the grant that enables the|
|performance||donor charity to realisticaliy
avoid the commitment,
a liability for the|
|conditions||full funding
obligation
must be recognised.|
|Redundancy|cost|The charity made nc redundancy
payments
during the reporting
period.|
|Deferred income||No material
item ofdeferred
income has been included
in the|
|||accounts.|
|Creditors||The charity has creditors which are measured
at settlement
amounts
less any trade discounts|
|Provisions
liabilities|for|A liability
is measured
on recognition
at its historical cost and then
subsequently
measured
at the best estimate ofthe amount
required
to settle the obligation
at the reporting
date|
|Basicfinancial
instruments||The charity accounts for basic financial
instruments
on initial
recognition as per paragraph
10.7FRS102SORP. Subsequent
measurement
isas per paragraphs
11.17to 11.19,FRS102SORP.|
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||||Fund||||Fund|
|---|---|---|---|---|---|---|---|
||||balances||||balances|
||||brought||||carried|
||||forward|Income|Expenditure|Transfers|forward|
|Fund names||||E|8|8|6|
|Active Norfolk - Tackling||||||||
|Inequalities||||4,246|4,246|||
|Age uk|||1,050||660||390|
|Aviva||||14,200|791||13,409|
|Children
in Need|||6,625|28,753|29,806||5,573|
|City of Sanctuary|||180||180|||
|Ellerdale Trust|||1,473||||1,473|
|Garden Trust||||100|100|||
|Lottery Community|Fund NIP|||||||
|uplift||||||||
|National
Lottery - Award for All||||||||
|grant|||8,576||1,679||6,898|
|National
Lottery Community||||||||
|Fund|||23,688|45,986|63,380|805|7,100|
|National
Lottery Community||||||||
|Fund/Barrow
Cadbury|||27,251|180|27,431|||
|NCC Active Norfolk|||321||321|||
|Norfolk Community|Foundation||1,234|69,890|40,189||30,935|
|Norfolk County Council|||13,140|12,500|15,504||10,136|
|Norwich
City Council||||9,500|2,675||6,825|
|Norwich
Consolidated||Charity|2,400||405||1,995|
|Norwich
Opportunity||Area|616||616|||
|Postcode Place Trust||||7,612|3,765||3,847|
|Quakers
Charity|||559|||402|
|---|---|---|---|---|---|---|
|South Norfolk and Broadland|||||||
|District Council|||45,000|39,422||5,578|
|The Children's
Society||1,435||1,435|||
|Tudor Trust||3,890||2,490||1;400|
|UK Youth||962|6,285|4,973||2,275|
|University
Of Sanctuary|||1,500|1,321||179|
|Voluntary
Norfolk||190||130||60|
|Total Restricted
Income Funds||93,577|246,310|242,220|805|98,473|
|Total restricted funds||93,777|246,310|242,220|805|98,473|
|8.2 Designated|Funds||||||
|||Fund||||Fund|
|||balances||||balances|
|||brought||||carried|
|Fund names||forward
f|Income
f|Expenditure
f|Transfers
f|forward
f|
|Anguish's
Educational|||||||
|Foundation|||'I80|180|||
|British Red Cross|||420|420|||
|Community
Action Norfolk|||||||
|(CAN)|||10,080|||10,080|
|Designated
donations||7,356|16,289|6,452||17,192|
|Emergency
Fund||4,062|1,000|1,062||4,000|
|Four Wings grant|||||||
|National Centre for Writing|||1,350|||.1,350|
|Norwich
City Council - Business|||||||
|Grant||5,553||5,553|||
|Refugee Action||5,388||733||4,655|
|Septagon Trust|||67,722|30,000|38,374||59,349|
|---|---|---|---|---|---|---|---|
|SLDAY grant Stephen||Lawren|100||100|||
|Sutasoma
Charity|- Allotment|||1,900|||1,900|
|Total designated|funds||90,665|61,219|52,874||99,010|
|8.3General|Funds|||||||
|unrestricted
funds:||||||||
|General Funds|||42,196|15,596|14,010|-15,605|27,979|
|Total General
Funds|||42,195|15,598|14,010|-15,805|27,979|
|Total unrestricted|funds||42,196|15,598|14,010|-15,805|27,979|
|Reserves|||45,385|102|11,424|15,000|50,063|
|Total Funds|||272,823|323,229|320,528||275,525|
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