| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 9 | |
| Indepeudent Examiner's |
Report | 10 | ||
| Statement ofFinancial Activities | ||||
| Balance Sheet | 12 | |||
| Cash Flow Statement | 13 | |||
| Notes to the Cash Flow | Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 23 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| fil ad s | funds | fimds | funds | |||||
| Notes | g | |||||||
| INCOME | AND ENDOWMENTS | FROM | ||||||
| Donations | and legacies | 92,949 | 25,102 | 118,051 | 405,984 | |||
| Charitable | activities | 4 | ||||||
| Provision | ofacconunodation | and supported | work | |||||
| placenlents | 146,259 | 146,259 | 134,724 | |||||
| hlvestnlent | hlconle | 190 | 190 | 178 | ||||
| Total | 239,398 | 25,102 | 264,500 | 540,886 | ||||
| EXPENDITURE ON | ||||||||
| Charitable | activities | 5 | ||||||
| Provision | ofaccommodation | and supported | work | |||||
| placements | 143,331 | 32,998 | 176,329 | 150,524 | ||||
| NET INCOME/(EXPENDITURE) | 96,067 | (7,896) | 88,171 | 390,362 | ||||
| Traasfers | between funds |
15 | 225,000 | ~225,000) | ||||
| Net movement in funds |
321,067 | (232,896) | 88,171 | 390,362 | ||||
| RECONCILIATION OF FUNDS |
||||||||
| Total funds brought fonvard |
1,344,828 | 357,229 | 1,702,057 | 1,311,695 | ||||
| TOTAL FUNDS CARRIED FORWARD | ~1665895 | ~124333 | ~1790 228 | ~1702057 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | 8 | |||||
| FIXEDASSETS | ||||||
| Tangible assets | 9 | 2,650,026 | 2,650,026 | 2,520,714 | ||
| CURRENT ASSETS | ||||||
| Debtors: amounts | falling due witlun one year | 10 | 8,438 | 8,438 | 29,154 | |
| Cash at bank | 200,827 | 124,333 | 325,160 | ~458 553 | ||
| 209,265 | 124,333 | 333,598 | 487,707 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
11 | (92,541) | (92,541) | (116,620) | ||
| NET CURRENT | ASSETS | 116724 | 124333 | 241057 | 371,087 | |
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 2,766,750 | 124,333 | 2,891,083 | 2,891,801 | ||
| CREDITORS | ||||||
| Amounts falling due atter more than one year |
12 | (1,100,855) | (1,100,855) | (1,189,744) | ||
| NKT ASSETS | 1665895 | 124333 | 1790228 | 1702057 | ||
| li'UNDS | 15 | |||||
| Unrestricted funds: |
||||||
| General fund» | 1,490,895 | 1,054,828 | ||||
| Designated Fund |
175 000 | 290000 | ||||
| 1,665 895 | 1,344,828 | |||||
| Restricted funds: | ||||||
| Restricted Funds | 124,333 | 132,229 | ||||
| Restricted Fixed | Assets | ~225 000 | ||||
| 124,333 | ~357229 | |||||
| TOTALI"UNDS | 1790228 | 1702057 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
85,585 | 412,373 | ||||
| Interest paid | ~53,307) | ~52,581) | ||||
| Net cash provided by operating activities |
32,278 | ~359792 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (165,861) | (33,514) | |||
| Interest received | 190 | 178 | ||||
| Net cash used in investing | activities | ~165671) | ~33,336) | |||
| Chnnge iu cash and cash |
equivalents | in | ||||
| thc reportlug period |
(133,393) | 326,456 | ||||
| Cash and cash equivalents | at tbe | |||||
| beginning ofthe reporting |
period | ~458 553 | 132,097 | |||
| Cash aud cash equivalents | at the end | of | ||||
| the reporting perioil |
~325 160 | 458,553 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Net iacome | for the | reporting | period (as per the Statement of F'inancial | ||
| Activities) | 88,171 | 390,362 | |||
| Adjustments | for; | ||||
| Depreciation | charges | 36,549 | 33,232 | ||
| Interest received | (190) | (178) | |||
| Interest paid | 53,307 | 52,581 | |||
| Decrease in | debtors | 20,716 | 428 | ||
| (Decrease)/increase | in creditors | ~112968) | ~64 052) | ||
| Net cash provided | by operations | 85,585 | 412,373 | ||
| ANALYSIS | OF CHANGES IN NET DEBT | ||||
| At 1.4.20 | Cash flow | At 31.3.21 | |||
| f. | |||||
| Net cash | |||||
| Cash at bank | 458,553 | ~133393) | 325,160 | ||
| ~458 553 | ~133393) | 325,160 | |||
| Debt | |||||
| Debts falling | due within 1 year |
(82,051) | (82,051) | ||
| Debts falling | due afler I year | (1~189744) | 88,889 | (1,100,855) | |
| (1~271795) | ~88 889 | (1~182906) | |||
| Total | ~813242) | ~44 504) | ~857,746) |
| FOR THE YEAR ENDED 31 | FOR THE YEAR ENDED 31 | FOR THE YEAR ENDED 31 | FOR THE YEAR ENDED 31 | MARCH 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| DONATIONS | AND LEGACIES | |||||||
| 2021 | 2020 | |||||||
| Donations | 4,949 | 100,984 | ||||||
| Legacies | 5,000 | |||||||
| Grants | 113,102 | 300,000 | ||||||
| 118,051 | 405,984 | |||||||
| Grants received, | included | in the | above, are as follows. ' | |||||
| 2021 | 2020 | |||||||
| Bailey Thomas | Charitable | Fund | 25,000 | |||||
| Oliver Ford | 10,000 | |||||||
| Bernard Sunley | 10,000 | |||||||
| Orbel I Trust | 230,000 | |||||||
| Eleanor Peel | 15,000 | |||||||
| The Leng Family | 10,000 | |||||||
| The Lotteiy Fund | 21,102 | 10,000 | ||||||
| The Edward Gostling Foundation | 25,000 | |||||||
| Garfield Weston |
30,000 | |||||||
| Green Hall Foundation | 1,000 | |||||||
| Screwfix | 5,000 | |||||||
| The Boshier - Hinton Foundation | 2,000 | |||||||
| Hobson Charity | 5,000 | |||||||
| Lancashire Community |
Foundation | 4,000 | ||||||
| Will Charity | 10,000 | |||||||
| ~113 102 | 300,000 | |||||||
| 3. | INVESTMENT INCOME | |||||||
| 2021 | 2020 | |||||||
| Deposit account | interest | 190 | 178 | |||||
| 4. | INCOME IiROM CHARITABLE ACTIVITIES | |||||||
| 2021 | 2020 | |||||||
| Activity | ||||||||
| Provision ofaccommodation | and supported | |||||||
| Other inconie | work placements | ~146 259 | 134,724 |
| Support | ||||||||
|---|---|---|---|---|---|---|---|---|
| Direct | costs (see | |||||||
| Costs | note 6) | Totals | ||||||
| Provision | ofaccommodation | and | ||||||
| supported | lvork placements | 173,029 | 3,300 | ~176 329 | ||||
| 6. | SUPPORT COSTS | |||||||
| Governance | ||||||||
| costs | ||||||||
| 8 | ||||||||
| Provision | ofaccommodation | and supported | ||||||
| lvork placements | 3,300 | |||||||
| Support | costs, included | in the | above, are as follows: | |||||
| Governance | costs | |||||||
| 2021 | 2020 | |||||||
| Provlsfofl | ||||||||
| of | ||||||||
| accommodation | ||||||||
| and | ||||||||
| supported | ||||||||
| work | Total | |||||||
| placements | activities | |||||||
| Accountancy | fees | 2,040 | 2,280 | |||||
| Professional | fees | ~1260 | ~14 542 | |||||
| ~3300 | 16,822 |
| There were no trustees' 31 March 2020. |
There were no trustees' 31 March 2020. |
expenses paid for the year ended 31 March 2021 |
expenses paid for the year ended 31 March 2021 |
nor for the |
year ended |
|---|---|---|---|---|---|
| COMPARATIVES FOR | THK STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| INCOME | AND ENDOWMENTS | FROM | |||
| Donations | and legacies | 335,984 | 70,000 | 405,984 | |
| Charitable | activities | ||||
| Provision | ofacconunodatlon | and supported | |||
| work placements | 134,724 | 134,724 | |||
| Invcstnlcnt | hlcolrlc | 178 | 178 | ||
| Total | 470,886 | 70,000 | 540,886 |
| NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31MARCH 2021 |
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31MARCH 2021 |
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31MARCH 2021 |
||||
|---|---|---|---|---|---|---|
| COMPARATIVES | FORTHE STATEMENT OF FINANCIAL ACTIVITIES | - contioue&l | ||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Provision ofaccommodation and supported |
||||||
| work placements | 133,808 | 16,716 | 150,524 | |||
| NET INCOME | 337,078 | 53,284 | 390,362 | |||
| Transfers between |
fumls | ~33 514 | ~33514) | |||
| Net movement in fumls |
370,592 | 19,770 | 390,362 | |||
| RECONCILIATION | OF FUNDS | |||||
| Total fumls bronght | forward | 974,236 | 337,459 | 1,311,695 | ||
| TOTAL FUN DSCARRIED FORWARD | 1,344,828 | 357,229 | ~1702 057 | |||
| 9. | TANGIBLE FIXED | ASSETS | ||||
| Freehold | Computer | |||||
| property | equipment | Totals | ||||
| 8 | 8 | |||||
| COST | ||||||
| At I April 2020 Additions |
2,661,596 165,861 |
218 | 2,661,814 ~165 861 |
|||
| At 31March 2021 | ~2827 457 | 218 | 2,827,675 | |||
| DEPRECIATION | ||||||
| At I April 2020 Charge for year |
140,882 36,549 |
218 | 141,100 ~36549 |
|||
| At 31 March 2021 | ~177431 | 218 | 177,649 | |||
| NKT BOOK VALUE | ||||||
| At 31 March 2021 | ~2,650 026 | ~2650,026 | ||||
| At 31 March 2020 | 2,520,714 | 2,520,714 |
| FOR THE YEAR ENDED 31MARCH 202 | FOR THE YEAR ENDED 31MARCH 202 | 1 | ||
|---|---|---|---|---|
| 10. | DEBTORS'.AMOUNTS FALLING DUK WITHIN ONK YEAR | |||
| 2021 | 2020 | |||
| Other debtors | 20,833 | |||
| Prepayments | 8,438 | ~8321 | ||
| ~8438 | ~29 154 | |||
| 11. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | |||
| Other loans (see note 13) | 82,051 | 82,051 | ||
| Trade creditors | 8,450 | 32,529 | ||
| Accrued expenses | 2,040 | ~2040 | ||
| 92 541 | 116,620 | |||
| 12. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 2021 | 2020 | |||
| 8 | ||||
| Other lomis (see note 13) | 1 100855 | 1,189,744 | ||
| 13. | LOANS | |||
| An analysis ofthe maturity ofloans is given below: | ||||
| 2021 | 2020 | |||
| Amounts falling due within |
one year on demand: | |||
| Other loans | ~82 051 | 82,051 | ||
| Amounts falling between one and two years: |
||||
| Other loans - 1-2 years | 82,051 | 82,051 | ||
| Amounts falling due between two and five years: |
||||
| Other loans - 2-5 years | ~246 154 | 246,154 | ||
| Amounts falling due in more than five years: |
||||
| Repayable by instalments: |
||||
| Other loans - more than 5 years | 772,650 | 861,539 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 8 | |||||
| Other loans | 1,182,906 | 1,271,795 | |||
| The loan is secured by a legal charge over the property. | |||||
| MOVEMENT IN I'UNDS | |||||
| Net | Transfers | ||||
| movement | bettveen | At | |||
| At 1.4.20 | in funds | funds | 31.3,21 | ||
| f, | |||||
| Unrestricted fumls |
|||||
| General fund |
1,054,828 | 96,067 | 340,000 | 1,490,895 | |
| Designated Fund |
290000 | ~115,000) | 175,000 | ||
| 1,344,828 | 96,067 | 225,000 | 1,665,895 | ||
| Restricted fumls |
|||||
| Restricted Funds | 132,229 | (7,896) | 124,333 | ||
| Restricted Fixed Assets | 225,000 | ~225,000) | |||
| 357229 | ~7896) | ~225,000) | 124,333 | ||
| TOTAL FUNDS | ~1,702057 | ~88 171 | 1,790,228 | ||
| Net movement in funds, included |
in the | above are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| f, | f. | ||||
| Unrestricted funds |
|||||
| General fund |
239,398 | (143,331) | 96,067 | ||
| Restricted fuuds |
|||||
| Restricted Funds |
25,102 | (32,998) | (7,896) | ||
| TOTAL FUNDS | 264,500 | ~176,329) | 88,171 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | betlveen | At | ||||
| At 1.4.19 | in funds | funds | 31.3.20 | |||
| 8 | ||||||
| Unrestricted | fumls | |||||
| General fund |
844,759 | 337,078 | (127,009) | 1,054,828 | ||
| Designated | Fund | 129,477 | 160,523 | 290,000 | ||
| 974,236 | 337,078 | 33,514 | 1,344,828 | |||
| Restricted | funds | |||||
| Restricted Restricted |
Funds Fixed Assets |
107,459 ~230 000 |
58,284 ~5000) |
(33,514) | 132,229 ~225 000 |
|
| 337,459 | 53,284 | ~33,514) | 357,229 | |||
| TOTAL FUNDS | ~1,311695 | ~390 362 | ~1702057 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| f, | 8 | ||
| Unrestricted fuads |
|||
| General fund |
470,886 | (133,808) | 337,078 |
| Restricted funds |
|||
| Restricted Funds | 70,000 | (11,716) | 58,284 |
| Restricted Fixed Assets | ~5000) | ~5000) | |
| 70,000 | ~16,716) | 53,284 | |
| TOTAL FUNDS | 540,886 | ~150,524) | 390,362 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movenlent | between | At | |||
| At 1.4.19 | in funds | funds | 31.3.21 | ||
| Unrestricted fumls |
|||||
| General fund Designated Fund |
844,759 ~129477 |
433,145 | 212,991 ~45 523 |
1,490,895 ~175000 |
|
| 974,236 | 433,145 | 258,514 | 1,665,895 | ||
| Restricted | fnnds | ||||
| Restricted Restricted |
Funds Fixed Assets |
107,459 230,000 |
50,388 ~5,000) |
(33,514) ~225,000) |
124,333 |
| ~337459 | 45,388 | ~258 514) | ~124333 | ||
| TOTAL FUNDS | 1,311,695 | 478,533 | ~1790 228 |
| Illconilllg | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Uurcstricted funds |
|||
| General fund | 710,284 | (277,139) | 433,145 |
| Restricted funds |
|||
| Restricted Funds Restricted Fixed Assets |
95,102 | (44,714) ~5,000) |
50,388 ~5,000) |
| 95,102 | ~49714) | ~45 388 | |
| TOTAL FUNDS | 805,386 | ~326 853) | 478,533 |
| Phase | Nature ofInvestment | Nature ofInvestment | Amount of | Completion | Date | ||
|---|---|---|---|---|---|---|---|
| Investment | |||||||
| Converting | offices into six self-contained flats for |
E404K | June 2016 | ||||
| people with | learning disabilities |
and mentalhealth | |||||
| needs, who were leaving a long-term hospital |
|||||||
| environment. | |||||||
| The upgrade of Fountains | Cottage from | a | E167K | July 2016 | |||
| delipidated | house into six airy | and modern | one- | ||||
| and two-bedroom flats for independent living |
|||||||
| Converting Stables Cottage |
into two smaller | E354K | January 2018 | ||||
| buildings | with self-contained | flats upstairs | and | ||||
| with ensuite bedrooms and |
shared kitchens |
||||||
| downstairs | |||||||
| IV | |||||||
| Renovation | and refurbishment | ofthe outside | of all | E130K | /4 Completed | ||
| the homes: soffits, facias, windows and doors |
April 2021 | ||||||
| Refurbish | Community Kitchen & Renovate |
and | E30k | March 2021 | |||
| Restore Summer | House | ||||||
| VI | |||||||
| Fund post ofActivities Coordinator for 5years and |
E179k | March 2021 | |||||
| buy new Minibus | |||||||
| VII | |||||||
| E406k | Continuing |
| Replicating the work done in Stables in the Pendle |
|
|---|---|
| and Weavers Cottages | |
| Refurbish homes in Birch and Chestnut Cottages |
6110K |
| and create a better flat in Fellview with a small | |
| extension. | |
| Renovate the Barn to replace the workshops lost |
6100K |
| when Oakview was built. | |
| Develop Garden Centre including the |
|
| establishment of a Community Cafe. |
6100k |
| Develop a dementia service for people with |
|
| learning disabilities. Initially this will require an |
|
| application for a research grant to determine the |
f25k |
| most appropriate way this can be progressed. |
|
| Build a centre and an outreach service for people | 6500k |
| with learning disabilities Ik their families in crisis in |
|
| the North West. |