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|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|
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||||||||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|
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||||||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|
##
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||||||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|
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|||||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)|
##
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|||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|
##
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||||||||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|
##
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|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.||