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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe company,|its Trustees and advisers||
|Trustees'
report||||2-6|
|Independent|auditors'
report|on the financial statements||7-10|
|Consolidated|statement
offinancial activities||||
|Consolidated|balance sheet|||12|
|Company
balance sheet||||13|
|Consolidated|statement
ofcash flows|||14|
|Notes to the|financial statements|||15-33|
##
##
|Trustees|||A Claytor||||
|---|---|---|---|---|---|---|
||||A Dodds||||
||||J Porritt (resigned 18|||May 2020)|
||||T Levitt||||
||||L Melvin||||
||||J Bonehill|(appointed||1 January 2021)|
|Company|registered||||||
|number|||08991099||||
|Charity registered|||||||
|number|and|Scottish|||||
|Charity registered|||||||
|number|||11618098 SC046556||||
|Registered||office|Unit 8||||
||||Elm Court||||
||||Meriden Business Park||||
||||Copse Drive||||
||||Coventry||||
||||CV5 9RG||||
|Company|secretary||C Bennett||||
|Independent||auditors|Bishop Fleming||LLP||
||||Chartered|Accountants|||
||||1-3College Yard||||
||||Worcester||||
||||WR1 2LB||||
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2020|2020|20'l9|
|||Note|E||E|
|INCOME FROM:||||||
|Donations|||2,350,000|2,350,000|1,150,000|
|Charitable
activities|||||11.189|
|Other trading
activities|||4,075,442|4,07S,442|2,710,'i46|
|Other income|||531,210|531,210|33,292|
|TOTAL INCOME|||6,956,652|6,956,652|3,904.,627|
|EXPENDITURE ON:||||||
|Raising funds||8|4,420,01S|4,420,015|2,913,274|
|Charitable
activities||9|(1,871)|(1„871}|20,825|
|TOTAL EXPENDITURE|||4,418,144|4,418,144|2,934,099|
|NET INCOME BEFORETAXATION||||||
||||2,538,508|2,538,508|970,528|
|Taxation||14|||20,246|
|NET MOVEMENT|IN FUNDS||2,538,508|2,538,508|990,774|
|RECONCILIATlON|OF FUNDS:|||||
|Total funds brought|forward||(864,522)|(864,522}|{1,855,296}|
|Net movement
in funds|||2,538,508|2,538,508|990,774|
|TOTAL FUNDS CARRtED FORWARD|||1,673,986|1,673,986|(864,522)|
##
|||||2020||2019|
|---|---|---|---|---|---|---|
|||||6|||
|FIXEDASSEl'S|||||||
|tntangiblo
assets||||249,008||149t}39|
|Tangible assets||16||41,249||I3.680|
|||||290257||1h2,728|
|CURRENT ASSETS|||||||
|Debtors||17|7.475,154||.'k519,199||
|Cash at bank and in hand|||588 743||||
|( rcditors: amounts|falkng due within orw||||||
|year||18|(1.785.492}||(1,520.t}53}||
|NET CURRENT ASSETS||||6,278,405||4,072,TN|
|TOTAL ASSETS LESSCURRENT|||||||
|LIABIUTIES||||6,568,662||4,23547'|
|Creditors: amounts|falling due after ntore||||||
|than one year||19||(47894,676]||(5.ta
.f}0C}|
|NET ASSETS I LIABII fTES EXCLUDING|||||||
|PENSION ASSET||||'l,673.986||!864,;ip:)}|
|TOTAL NET ASSETS||||1,673,986||j(kM,522}|
|CHARITY FUNDS|||||||
|Restncted
funds||21|||||
|Unreshicted
funds||21||'I.673.986||nu. a sp )1|
|TOTAL FUNDS||||1,673,986||(864,522}|
##
|||||||2019|
|---|---|---|---|---|---|---|
|||Note|||||
|FIXEDASSETS|||||||
|Tangible assets|||||||
|||||||15&t|
|CURRENT ASSETS|||||||
|Debtors|||1,093||7.625||
|Cash al bank and|in hand||9.157||86||
||||10,250||i,gt '.||
|CrediterS. amoitnts|falling due within one year|18|(2,570)||(534 &1||
|NFT CURRENT ASSETS||||||2,566|
|TOTAL ASSETS|LESSCL!RRENT||||||
|UABILtTIES||||7„680|||
|NET ASSETS||||7,680||2.724|
|TOTAL NET ASSETS||||7,680||2,724|
|CHARITY FUNDS|||||||
|Rearmed
funds||21|||||
|Unrestricted
funds||21||7,680||2 724|
|TOTAL FVNDS||||7,680||2 724|
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||||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|
||||||||2020|2020|2019|
||||||||F|F|E|
||Other|income|||||2,350,000|2,350,000|1,150,000|
|5.|INCOME||FROM CHARITABLE ACTIVITIES|||||||
||||||||Unrestricted|Total|Total|
||||||||funds|funds|funds|
||||||||2020|2020|2019|
||||||||F|E|E|
||Grant|income|||||||11,189|
|6.|INCOME||FROM OTHER TRADING ACTIVITIES|||||||
||Income from non charitable||||trading|activities||||
||||||||Unrestricted|Total|Total|
||||||||funds|funds|funds|
||||||||2020
F|2020f|2019
F|
||Sales||||||1,576,140|1,576,140|192,400|
||Trading|income|||||2,499,302|2,499,302|2,517,746|
||||||||4,075,442|4,075,442|2,710,146|
||TOTAL 2019||||||2,710,146|2,710,146||
|7.|OTHER INCOMING RESOURCES|||||||||
||||||||Unrestricted|Total|Total|
||||||||funds|funds|funds|
||||||||2020|2020|2019|
||||||||E|F||
||Other operating|||income|||531,210|531,210|33,292|
##
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|||||E|
|Trading expenses||3,060,579|3,060,579|2,068,054|
|Staff costs||924,535|924,535|612,410|
|Depreciation|and amortisation|62,328|62,328|25,852|
|Cost ofsales||347,025|347,025|193,456|
|Administration|expenses|12,063|12,063|13,502|
|Administration|staff costs|13,485|13,485||
|||4,420,015|4,420,015|2,913,274|
|TOTAL2019||2,913,274|2,913,274||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|||F|||
|Support|costs|(1,871)|(1,871)|20,825|
|TOTAL|2019|20,825|20,825||
##
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|||||Total|Total|
|---|---|---|---|---|---|
|||Depreciation|Other costs|funds|funds|
|||2020|2020|2020|2019|
|||E|E|E|E|
|Support|costs|158|(2,029)|(1,871)|20,825|
|TOTAL|2019|4,418|16,407|20,825||
##
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|||Support|Total|Total|
|---|---|---|---|---|
|||costs|funds|funds|
|||2020|2020|2019|
|||E|E|E|
|Charitable|activities|(1,871)|(1,871)|20,825|
|TOTAL 2019||20,825|20,825||
|Analysis|ofsupport costs||||
||Total|Total|
|---|---|---|
||funds|funds|
||2020|2019|
||E|E|
|Depreciation|158|4,418|
|Audit fees|(2,769)|2,520|
|Legal and professional|36|1,812|
|Insurance|626|842|
|General costs|78|213|
|Amortisation||11,020|
||(1,871)|20,825|
##
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|AUDITORS' REMUNERATION||||||
|---|---|---|---|---|---|
|||||2020|2019|
||||||F|
|Fees payable to the company's|auditor|for|the audit ofthe company's|||
|annual
accounts||||17,500|16,200|
|Fees payable to the company's|auditor|in|respect of:|||
|All taxation
advisory services not included|||above|1,600|1,575|
##
|||||Group|Group|
|---|---|---|---|---|---|
|||||2020|2019|
||||||F|
|Wages and|salaries|||792,588|531,665|
|Social security costs||||89,721|56,355|
|Contribution|to defined|contribution|pension schemes|55,711|24,390|
|||||938,020|612,410|
||Group|Group|
|---|---|---|
||2020|2019|
||No.|No.|
|Employees|27|19|
|Group|Group|
|---|---|
|2020|2019|
|No.|No.|
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||2020|2019|
|---|---|---|
|||F|
|CORPORATION
TAX|||
|Current tax on net income for the year||(20,246)|
|TAXATION ON NET INCOME||(20,246)|
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|Net income before tax||||||2,538,508|970,528|
|Net income multiplied|by the standard|rate ofcorporation|||tax in the UK of19|||
|(2019 - 19%).||||||482,317|184,400|
|EFFECTSOF:||||||||
|Non-tax deductible
amortisation
and||impairment|of|goodwill||9,255||
|Capital allowances
for|year in excess|ofdepreciation||||(207)||
|Utilisation
of brought
forward losses||||||(187,106)|(204,646)|
|Other differences
leading to an increase/(decrease)||||in the|tax charge|(304„259)||
|TOTAL TAX CHARGE|FOR THE YEAR||||||(20,246)|
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||Development|
|---|---|
||f.|
|COST||
|At 1 January 2020|232,472|
|Additions|154,411|
|At 31 December 2020|386,883|
|AMORTISATION||
|At 1 January 2020|83,433|
|Charge for the year|54,442|
|At 31 December 2020|137,875|
|NET BOOK VALUE||
|At 31 December 2020|249,008|
|At 31 December 2019|149,039|
|Company||
||Development|
|COST||
|At 1 January 2020|53,601|
|At 31 December 2020|53,601|
|AMORTISATION||
|At 1 January 2020|53,601|
|At 31 December 2020|53,601|
|NET BOOK VALUE||
|At 31 December 2020||
|At 31 December 2019||
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||Fixtures and|Office|Computer||
|---|---|---|---|---|
||fittings|equipment|equipment|Total|
|COST OR VALUATION|||||
|At 1 January 2020|17,443|6,103|17,242|40„788|
|Additions|35,604|||35,604|
|At 31 December 2020|53,047|6,103|17,242|76,392|
|DEPRECIATION|||||
|At 1 January 2020|3,912|6,091|17,096|27,099|
|Charge for the year|7,886|12|146|8,044|
|At 31 December 2020|11,798|6,103|17,242|35,143|
|NET BOOK VALUE|||||
|At 31 December 2020|41,249|||41,249|
|At 31 December 2019|13,531|12|146|13,689|
##
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||Office|Computer||
|---|---|---|---|
||equipment
f|equipment
E|Total
E|
|COST OR VALUATION||||
|At 1 January 2020|6,103|17,242|23,345|
|At 31 December 2020|6,103|17,242|23,345|
|DEPRECIATION||||
|At 1 January 2020|6,091|17,096|23,187|
|Charge for the year|12|146|158|
|At 31 December 2020|6,103|17,242|23,345|
|NET BOOK VALUE||||
|At 31 December 2020||||
|At 31 December 2019|12|146|158|
##
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|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2020f|2019|2020|2019
E|
|DUE AFTER|MORE THAN ONE YEAR|||||
|Other debtors|||21,019|||
|Prepayments|and accrued income||40,323|||
||||61,342|||
|DUE WITHIN|ONE YEAR|||||
|Trade debtors||279,149|237,178|||
|Amounts
owed by group undertakings||||623|7,349|
|Other debtors||7,106,141|5,040,174||6|
|Prepayments|and accrued income|89,864|160,259|470|470|
|Tax recoverable|||20,246|||
|||7,475,154|5,519,199|1,093|7,825|
##
|CREDITORS: AMOU|NTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|
||||Group|Group|Company|Company|
||||2020f|2019|2020
f|2019|
|Bank loans|||5,324||||
|Other loans|||250,000||||
|Trade creditors|||1,146,387|1,097,954|||
|Other taxation and social||security|199,422|57,303|||
|Accruals and deferred|income||184,359|365,596|2,570|5,345|
||||1,785,492|1,520,853|2,570|5,345|
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|||||Balance at|
|---|---|---|---|---|
||Balance at 1|||31|
||January|||December|
||2020|Income|Expenditure|2020|
||E|E|f.||
|UNRESTRICTED FUNDS|||||
|General Funds - all funds|(2,014,522)|4,606,652|(4,418,144)|(1,826,014)|
|Other income|1,150,000|2,350,000||3,500,000|
||(864,522)|6,956,652|(4,418,144)|1,673,986|
##
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|STATEMENT OF FUNDS - P|RIOR YEAR|||||
|---|---|---|---|---|---|
||Balance at||||Balance at|
||1 January||||31|
||2019(as||||December|
||restated)
E|Income
E|Expenditure
E|Taxationf|2019
E'|
|UNRESTRICTED FUNDS||||||
|General funds|(1,855,296)|2,754,627|(2,934,099)|20,246|(2,014,522)|
|Other income||1,150,000|||1,150,000|
||(1,855,296)|3,904,627|(2,934,099)|20,246|(864,522)|
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||||||Balance at|
|---|---|---|---|---|---|
|||Balance at 1|||31|
|||January|||December|
|||2020
F|Income
f|Expenditure|2020
E|
|General|funds|(864,522)|6,956,652|(4,418,144)|1,673,986|
##
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at||||31|
|||1 January||||December|
|||2019|Income|Expenditure|Taxation|2019|
||||F|F|||
|General|funds|(1,855,296)|3,904,627|(2,934,099)|20,246|(864,522)|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
||||E|
|Tangible|fixed assets|41,249|41,249|
|Intangible|fixed assets|249,008|249,008|
|Current assets||8,063,897|8,063,897|
|Creditors|due within one year|(1,785,492)|(1,785,492)|
|Creditors|due in more than one year|(4,894,676)|(4,894,676)|
|TOTAL||1,673,986|1,673,986|
##
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2019|2019|
|||E|F|
|Tangible|fixed assets|13,689|13,689|
|Intangible|fixed assets|149,039|149,039|
|Debtors|due after more than one year|61,342|61,342|
|Current assets||5,532,261|5,532,261|
|Creditors|due within one year|(1,520,853)|(1,520,853)|
|Creditors|due in more than one year|(5,100,000)|(5,100,000)|
|TOTAL||(864,522)|(864,522)|
##
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||||Group|Group|
|---|---|---|---|---|
||||2020|2019|
||||E|f.|
|Net income|for the period (as per Statement|of Financial Activities)|2,538,508|990,774|
|ADJUSTMENTS FOR:|||||
|Depreciation|charges||8,044|7,357|
|Amortisation|charges||54,442|33,931|
|Increase
in|debtors||(1,955,955)|(1,804,351)|
|Increase
in|creditors||264,639|830,926|
|Perpetual
bond transfer|||(2,350,000)|(1,150,000)|
|NET CASH|USED IN OPERATING ACTIVITIES||(1,440,322)|(1,091,363)|
||||Group|Group|
|---|---|---|---|---|
||||2020|2019|
|||||F|
|Cash|in|hand|588,743|74,404|
##
||||At 1||Other non-|At 31|
|---|---|---|---|---|---|---|
||||January||cash|December|
||||2020|Cash flows|changes|2020|
||||||E||
||||E||||
|Cash|at bank and|in hand|74,404|514,339||588,743|
|Debt|due within
1|year||(5,324)|(250„000)|(255,324)|
|Debt|due after 1 year||(5,100,000)|(44,676)|250,000|(4,894,676)|
||||(5,025,596)|464,339||(4,561,257)|
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|payments|und|er non-cancellable
operating
lease|s as follows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Company|Company|
||||2020f|2019
E|2020
E|2019
F|
|Not later than||1 year|33,090|28,500|33,090|28,500|
|Later than|1 year and not later than 5 years||42,750|71,250|42,750|71,250|
||||75,840|99,750|75,840|99,750|
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