| PAGE | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's |
report to the trustees | ||
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Statement | ofcash flows | 10 | |
| Notes to | the financial statements |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | ||||||||
| Income and endowments | ||||||||
| Donations and legacies |
4 | 34,374 | 225,977 | 260,351 | 160,906 | |||
| Charitable activities |
5 | 450,294 | 450,294 | 368,256 | ||||
| Other trading activities | 6 | 5,856 | 5,856 | |||||
| Investment income |
7 | 90 | 90 | 144 | ||||
| Other income | 8 | 4,000 | 4,000 | |||||
| Total income | 494,614 | 225,977 | 720,591 | 529,306 | ||||
| Expenditure | ||||||||
| Expenditure on raising funds: |
||||||||
| Costs ofraising | donations | and | ||||||
| legacies | 9 | 2,030 | ||||||
| Expenditure on charitable |
activities | 10,11 | 443,027 | 229,887 | 672,914 | 423,611 | ||
| Other expenditure | 13 | 2,200 | — | 2,200 | ||||
| Total expenditure | 445,227 | 229,887 | 675,114 | 425,641 | ||||
| Net income | 49,387 | (3,910) | 45,477 | 103,665 | ||||
| Transfers between funds |
(44,545) | 44,545 | ||||||
| Net movement in funds |
4,842 | 40,635 | 45,477 | 103,665 | ||||
| Reconciliation offunds |
||||||||
| Total funds brought | forward | 1,460,589 | 38,953 | 1,499,542 | 1,395,877 | |||
| Total funds carried | forward | 1,465,431 | 79,588 | 1,545,019 | 1,499,542 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 18 | I/94,011 | 1,269,909 | |||
| CURRENT ASSETS | ||||||
| Debtors | 19 | 40,149 | 36,485 | |||
| Cash at bank and in hand | 300,489 | 251,987 | ||||
| 340,638 | 288,472 | |||||
| CREDITORS: amounts | falling due | |||||
| within one year | 20 | 61,795 | 24,880 | |||
| NET CURRENT ASSETS | 278,843 | 263,592 | ||||
| TOTAL ASSETSLESS | CURRENT | |||||
| LIABILITIES | 1,572,854 | 1,533,501 | ||||
| CREDITORS: amounts | falling due | |||||
| after more than one year | 21 | 27,835 | 33,959 | |||
| NET ASSETS | 1,545,019 | 1,499,542 | ||||
| FUNDS OFTHE CHARITY | ||||||
| Restricted funds | 79,588 | 38,953 | ||||
| Unrestricted funds: |
||||||
| Revaluation reserve |
1423,040 | 1,223,040 | ||||
| Other unrestricted income funds |
242/91 | 237,549 | ||||
| Total unrestricted funds |
1,465,431 | 1,460,589 | ||||
| Total charity funds | 24 | 1,545,019 | 1,499,542 |
| 2021 | 2020 | ||
|---|---|---|---|
| g | |||
| CASH FLOWS FROM OPERATING | ACTIVITIES | ||
| Net income | 45,477 | 103,665 | |
| Adjustments for: | |||
| Depreciation oftangible fixed assets |
2,028 | 1,962 | |
| Dividends, interest and rents from investments |
(3) | ||
| Other interest receivable and similar income |
(90) | (141) | |
| Interest payable and similar charges |
4,950 | 512 | |
| Loss on disposal oftangible fixed assets | 2,200 | ||
| Accrued expenses | 2,040 | 9,290 | |
| Changes in: | |||
| Trade and other debtors | (3,664) | (36,485) | |
| Trade and other creditors | 35,667 | 7,179 | |
| Cash generated from operations |
88,608 | 85,979 | |
| Interest paid | (4,950) | (512) | |
| Interest received | 90 | 141 | |
| Net cash Rom operating activities |
83,748 | 85,608 | |
| CASH FLOWS FROM INVESTING | ACTIVITIES | ||
| Dividends, interest and rents from investments |
3 | ||
| Purchase oftangible assets |
(28,330) | (1,606) | |
| Net cash used in investing activities |
(28,330) | (1,603) | |
| CASH FLOWS FROM FINANCING | ACTIVITIES | ||
| Proceeds from borrowings | (6,916) | 42,370 | |
| Net cash (used in)/from financing activities |
(6,916) | 42,370 | |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 48,502 | 126,375 | |
| CASH AND CASH EQUIVALENTS | AT BEGINNING OFYEAR | 251,987 | 125,612 |
| CASH AND CASH EQUIVALENTS | AT KND OFYEAR | 300,489 | 251,987 |
| 4. | DONATI | ONS AND LEGACIES |
||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| DONATIONS | ||||||
| Donations | 19,357 | 2,065 | 21,422 | |||
| Local giving | 12,694 | 12,694 | ||||
| Gift aid | 1,438 | 1,438 | ||||
| GRANTS | ||||||
| Grants | 885 | 223,912 | 224,797 | |||
| 34,374 | 225,977 | 260,351 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| 6 | ||||||
| DONATIONS | ||||||
| Donations | 40,706 | 40,706 | ||||
| Local giving | 16,594 | 16,594 | ||||
| Gift aid | 9,390 | 9,390 | ||||
| GRANTS | ||||||
| Grants | 11,715 | 82,501 | 94,216 | |||
| 78,405 | 82,501 | 160,906 | ||||
| 5. | CHARITABLE ACTIVITIES | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| 6 | ||||||
| Housing | rents | 450,294 | 450,294 | 368,256 | 368,256 | |
| 6. | OTHER | TRADING ACTIVITIES | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| HUB | 1,046 | 1,046 | ||||
| Office rental and utilities income | 4,810 | 4,810 | ||||
| 5,856 | 5,856 |
| INVESTMKNT INCOME | ||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| Income from listed investments | 3 | 3 | ||
| Bank interest receivable | 90 | 90 | 141 | 141 |
| 90 | 90 | 144 | 144 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||||||
| Profit | share | Happydays | Cycles | CIC | 4,000 | 4,000 |
| COSTS OFRAISING D | ONATIONS | AND LEGA | CIES | ||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| Costs ofraising donations | and legacies | ||||
| -Donations | 2,030 | 2,030 |
| EXPENDI | TURE ON CHARITABL | E ACTIVITIES BYFUND T | YPE | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Charitable | activities | 324,385 | 229,887 | 554,272 |
| Support costs | 118,642 | 118,642 | ||
| 443,027 | 229,887 | 672,914 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| Charitable | activities | 276,867 | 69,048 | 345,915 |
| Support costs | 77,696 | 77,696 | ||
| 354,563 | 69,048 | 423,611 |
| EXPENDI | T | URE | ON CHA | RITABLE A | CTIVITIES | BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|---|---|---|
| Activities | ||||||||
| undertaken | Support | Total Funds | Total Funds | |||||
| directly | costs | 2021 | 2020 | |||||
| Charitable | activities | 554,272 | 111,986 | 666,258 | 416,285 | |||
| Governance | costs | 6,656 | 6,656 | 7,326 | ||||
| 554,272 | 118,642 | 672,914 | 423,611 | |||||
| ANALYSI | S | OF SUPPORT | COSTS | |||||
| 2021 | 2020 | |||||||
| g | ||||||||
| Staffcosts | 47,541 | 24,605 | ||||||
| Premises | 8,070 | 3,681 | ||||||
| Communications | and IT | 8,583 | 3,356 | |||||
| General office | 13,589 | 13,879 | ||||||
| Insurance | 1,625 | 949 | ||||||
| Depreciation | 2,028 | 1,962 | ||||||
| Interest on | bank loan | 4,313 | ||||||
| Bank charges | 637 | 512 | ||||||
| Bad debts | 20,517 | 15,398 | ||||||
| Training | 1,118 | 335 | ||||||
| Advertising | 3,965 | 88 | ||||||
| Accountancy | and | independent | examination | fees | 4,786 | 5,210 | ||
| Legal and other professional | fees | 1,870 | 7,721 | |||||
| 118,642 | 77,696 |
| 13. | OTHER EXPENDITU | RE | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| Loss on disposal oftangible fixed | ||||||
| assets held for charity's | ovvn use | 2,200 | 2,200 | |||
| 14. | NET INCOME | |||||
| Net income is stated after charging/(crediting): | ||||||
| 2021 | 2020 | |||||
| Depreciation oftangible | fixed assets | 2,028 | 1,962 | |||
| Loss on disposal oftangible fixed assets | 2,200 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Fees payable | to the independent | examiner for: | |||
| Independent | examination | ofthe | financial statements: | ||
| Happydays | Ministries | UK | 1,500 | 1,300 | |
| Second Halifax Housing Limited | 1,609 | ||||
| Other services: | |||||
| Happydays | Ministries | UK | 3,286 | 2,200 | |
| Second Halifax Housing Limited | 100 | ||||
| 4,786 | 5,209 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as |
follows: |
| 2021 | 2020 | |||
| Wages and salaries | 243,051 | 155,732 | ||
| Social security costs | 15,434 | 7,414 | ||
| Employer contributions |
to pension | plans | 4,241 | 2,841 |
| 262,726 | l65,987 |
| Investment | Fixtures | Motor | Computer | |||||
|---|---|---|---|---|---|---|---|---|
| Property | &fittings | vehicles | equipment | Total | ||||
| 5 | ||||||||
| Cost | ||||||||
| At 1 April 2020 |
1,260,000 | 4,593 | 10,810 | 9,828 | 1,285,231 | |||
| Additions | 12,271 | 14,559 | 1,500 | 28,330 | ||||
| Disposals | (4,593) | (4,593) | ||||||
| At 31March | 2021 | 1,272,271 | 25,369 | ll,328 | 1,308,968 | |||
| Depreciation | ||||||||
| At 1 April 2020 | 2,393 | 7,390 | 5,539 | 15,322 | ||||
| Charge for the year | 855 | 1,173 | 2,028 | |||||
| Disposals | (2,393) | (2,393) | ||||||
| At 31March | 2021 | 8,245 | 6,712 | 14,957 | ||||
| Carrying amount |
||||||||
| At 31March | 2021 | 1,272,271 | 17,124 | 4,616 | 1,294,011 | |||
| At 31March | 2020 | 1,260,000 | 2,200 | 3,420 | 4,289 | 1,269,909 | ||
| 19. | DEBTORS | |||||||
| 2021 | 2020 | |||||||
| Trade debtors | 34,932 | 32,566 | ||||||
| Prepayments | and accrued | income | 4,578 | 3 559 | ||||
| Other debtors | 639 | 360 | ||||||
| 40,149 | 36,485 | |||||||
| 20. | CRKDITORSi amounts | falling due within | one year | |||||
| 2021 | 2020 | |||||||
| Bank loans and overdratts | 7,619 | 8,411 | ||||||
| Trade creditors | 29,089 | |||||||
| Accruals and | deferred | income | 13,865 | 12,710 | ||||
| Social security and other | taxes | 8,931 | 3,759 | |||||
| Other creditors | 2,291 | |||||||
| 61,795 | 24,880 |
| 21. | CREDITORS: amounts falling due after more t |
han one year | |
|---|---|---|---|
| 2021 | 2020 | ||
| 8 | |||
| Bank loans and overdrails | 27,835 | 33,959 | |
| 22. | DEFERRED INCOME | ||
| 2021 | 2020 | ||
| 8 | |||
| At I April 2020 | 3,420 | 4,560 | |
| Amount released to income | (885) | (1,140) | |
| At 31March 2021 | 2,535 | 3,420 |
| Unrestri | cted | funds | |||||
|---|---|---|---|---|---|---|---|
| I April | 31March | ||||||
| 2020 | Income | Expenditure | Transfers | 2021 | |||
| General | funds | 237,549 | 494,614 | (445,227) | (130,595) | 156,341 | |
| Contingency | fund | 86,050 | 86,050 | ||||
| Revaluation | reserve | 1,223,040 | 1,223,040 | ||||
| 1,460,589 | 494,614 | (445,227) | (44,545) | 1,465,431 | |||
| I April | 31 March | ||||||
| 2019 | Income | Expenditure | Transfers | 2020 | |||
| General | funds | 147,337 | 446,805 | (356,593) | 237,549 | ||
| Revaluation | reserve | 1,223,040 | 1,223,040 | ||||
| 1,370,377 | 446,805 | (356,593) | 1,460,589 |
| Restricted funds |
|||||||
|---|---|---|---|---|---|---|---|
| I April | 31March | ||||||
| 2020 | Income | Expenditure | Transfers | 2021 | |||
| National Lottety |
10,000 | (10,000) | |||||
| Tudor Trust | 28,953 | (28,953) | |||||
| One Community | 399 | (399) | |||||
| Groundworks UK |
l,166 | (818) | 348 | ||||
| National Emergencies |
Trust | ||||||
| Community Resilience |
Fund I | 3,000 | (3,000) | ||||
| Charities Aid Foundation | |||||||
| Coronavirus Emergency |
Fund | 4,247 | (4,247) | ||||
| Tesco Bags ofHelp | |||||||
| COVIIJ-19 Communities | Fund | 500 | (500) | ||||
| Community Foundation |
for | ||||||
| Calderdale | 1,000 | (982) | 18 | ||||
| Lloyds Bank Foundation | 33,000 | 33,000 | |||||
| National Emergencies |
Trust | ||||||
| Community Resilience |
Fund 2 | 6,000 | (6,000) | ||||
| Kirklees Council | 995 | (989) | |||||
| Creative Minds Willow | Lane | ||||||
| in Bloom | 1,400 | (1,400) | |||||
| Spoit England | 4,000 | (4,000) | |||||
| National Emergencies |
Trust | ||||||
| Coronavirus Emergency |
Fund | 3,000 | (3,000) | ||||
| The P27 Trust | 20,000 | 20,000 | |||||
| Bike Store | 5,000 | (5,000) | |||||
| Cyclists Club | 2,950 | (2,496) | 454 | ||||
| Scouter Trust | 3,000 | (1,900) | 1,100 | ||||
| National Lottery Social |
|||||||
| Enterprise Support Fund |
39,535 | (39,535) | |||||
| Move On Fund | 1,000 | (1,000) | |||||
| The Judith and Neil | |||||||
| Charlesworth Fund |
1,000 | (1,000) | |||||
| McNaught Refugee Rental |
|||||||
| Income Fund | 2,000 | 2,000 | |||||
| The Hilden Charitable |
Fund | 5,000 | 5,000 | ||||
| Third Sector Yoga Fund | 1,020 | (608) | 412 | ||||
| Community Foundation |
for | ||||||
| Calderdale Move On Fund |
2,200 | (1,511) | 689 | ||||
| Halifax Town Football | Club | 1,000 | (1,000) | ||||
| Charities Aid Foundation | |||||||
| Resilience Fund | 65,000 | (64,939) | 61 | ||||
| West Yorkshire Police | and | ||||||
| Crime Commissioner | 6,000 | 6,000 | |||||
| Access Impact | 10,000 | 10,000 | |||||
| Carried forward | 38,953 | 223,412 | (183,257) | 79,088 |
| ANALYSIS OF | HARITABL | FUNDS (coc | cirrrredd | |||
|---|---|---|---|---|---|---|
| ReStriCted fundS |
(coo((meed' | |||||
| Brought forward | 38,953 | 223,412 | (183,257) | 79,088 | ||
| Calderdale Metropolitan |
||||||
| Borough Council | 500 | 500 | ||||
| Co-op | 2,065 | (2,065) | ||||
| Noithern Impact Fund Grant |
(7,668) | 7,668 | ||||
| Northern Impact Fund Loan |
(36,877) | 36,877 | ||||
| 38,953 | 225,977 | (229,887) | 44,545 | 79,588 | ||
| 1 April | 31 March | |||||
| 2019 | Income | Expenditure | Transfers | 2020 | ||
| National Lottery |
10,000 | 10,000 | ||||
| Tudor Trust | 25,500 | 37,000 | (33,547) | 28,953 | ||
| Lloyds Bank | 33,001 | (33,001) | ||||
| Help the Homeless | 2,500 | (2,500) | ||||
| 25,500 | 82,501 | (69,048) | 38,953 |
| ANALYS | IS OF N | K | T ASSETSBETWE | EN FUNDS | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| Tangible fixed assets | 1,294,01 1 | 1,294,011 | ||||
| Current assets | 225,596 | 115,042 | 340,638 | |||
| Creditors | less than | 1 | year | (54,176) | (7,6 19) | (61,795) |
| Creditors | greater than | 1 year | (27,835) | (27,835) | ||
| Net assets | 1,465,43 1 | 79,588 | 1,545&019 | |||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| Tangible fixed assets | 1,269,909 | 1,269,909 | ||||
| Current assets | 207,149 | 81,323 | 288,472 | |||
| Creditors | less than | 1 | year | (16,469) | (8,411) | (24,880) |
| Creditors | greater than | 1 year | (33,959) | (33,959) | ||
| Net assets | 1,460,589 | 38,953 | 1,499,542 |
| Analysis ofprinc reporting period |
ipal State |
ment ofFinancial | Activitie | s compone | nts for the curre |
nt |
|---|---|---|---|---|---|---|
| Happydays | Second | Halifax | Happydays | |||
| Ministries UK |
Housing | Limited | Ministries UK |
Combined | ||
| (pre-merger) | (pre-merger) | (post-merger) | Total | |||
| 6 | ||||||
| Total Income | 53,647 | 34,974 | 631,691 | 720,312 | ||
| Total expenditure | (54,225) | (19,917) | (600,693) | (674,835) | ||
| Net income/expenditure | (578) | 15,057 | 30,998 | 45,477 | ||
| Other gains/losses | ||||||
| Net movements | in funds | (578) | 15,057 | 30,998 | 45,477 |
reporting period |
||||
|---|---|---|---|---|
| Happydays | Second Halifax | Combined | ||
| Ministries UK |
Housing Limited |
Total | ||
| Total income | 323,959 | 205,347 | 529,306 | |
| Total expenditure | (282,019) | (143,622) | (425,641) | |
| Net income/(expenditure) | 41,940 | 61,725 | 103,665 | |
| Total funds brought | forward | 23,806 | 1,372,071 | 1,395,877 |
| Total funds carried | forward | 65,746 | 1,433,796 | 1,499,542 |
| Happydays | Happydays | Second | Halifax | Combined | |||
|---|---|---|---|---|---|---|---|
| Ministries | UK | Housing | Limited | Total | |||
| Net assets | 65,168 | 1,448,852 | 1,514,020 | ||||
| Represented | by: | ||||||
| Unresndcted | funds | 22,244 | 1,448,852 | 1,471,096 | |||
| Restricted income funds | 42,924 | 42,924 | |||||
| Total funds | 130,336 | 2,897,704 | 3,028,040 | ||||
| 27. | ANALYSIS | OF CHANGES IN NET DEBT | |||||
| 1 | April | 31March | |||||
| 2020 Cash flows |
2021 | ||||||
| Cash at bank | and in hand | 251,987 | 48,502 | 300,489 | |||
| Debt due within one year | (8,411) | 792 | (7,619) | ||||
| Debt due after one year | (33,959) | 6,124 | (27,835) | ||||
| 209,617 | 55,418 | 265,035 | |||||
| 28. | OPERATING LEASE COMMITMKNTS |
| The total future | The total future | minimum | lease payments | under non-cancellable | operating | leases are as follows: | leases are as follows: |
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| f. | |||||||
| Not later | than | 1 year | 12,000 | ||||
| Later than | 1 year and not | later than 5 years | 15,830 | ||||
| 27,830 |