## ## |Trustees||Ms AAstbury|| |---|---|---|---| |||Mr T Cahill|| |||Mr E Livesey|| |||Mr C E C Murray|| |||Ms C Baxter|| |||Ms ATaylor|| |Secretary||Mr M Chadwick|| |Charity number||1164818|| |Company|number|7998339|| |Registered|office|Unit 2|| |||Puma Court|| |||Kings Business Park|| |||Knowsley|| |||Merseyside|| |||L34 1PJ|| |Auditor||BWM|| |||Suite 5.1|| |||12Tithebarn|Street| |||Liverpool|| |||L22DT|| |Bankers||Barclays Bank PLC|| |||Lord Street|| |||Liverpool|| |||L2 1TD|| ## |||Page| |---|---|---| |Chair and chief executive report||| |Trustees'
report||2-16| |Statement oftrustees'|responsibilities|17| |Independent
auditor's|report|18-21| |Statement offinancial|activities|22| |Consolidated
balance|sheet|23| |Charity balance sheet||24| |Statement
ofcash flows||25| |Notes to the financial|statements|26-51| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Unrestricted| |---|---|---|---|---|---|---| ||||||funds|funds| ||||||2021|2020| |||||Notes|6|8| |nco es de|ow|tsfr||||| |Other trading
activities
Investments|||||6,119,697
7,579|6,639,989
12,270| |Other income|||||15,577|20,827| |Total Income|||||6,142,853|6,573,086| |x end'tore o:||||||| |Raising funds|||||3,896,093|3,359,489| |Charitable
activities|||||573,9S1|180,939| |Other||||13|327,171|(20,797)| |Total expenditure|||||4,797,245|3,519,631| |Net Incoming resources|||||1,345,608|3,053,455| |Other recognised
gains
Other gains or losses||and losses||14|776,978|| |Net movement|in funds||||2,122,5S6|3,053,455| |Fund balances|at 1 April|2020|||8,822,847|5,769,392| |Fund balances|at 31 March 2021||||10,945,433|S,S22,847| |Net movement|in funds|forthe financial year is attributable|to:|||| |-Parent charily
- Non controlling|interest||||1,930,718
191,868|3,053,455| ||||||2,122,586|3,053,455| ## ## |||||2021|2021|2020|| |---|---|---|---|---|---|---|---| ||||Notes|8|||| |Fixed assets|||||||| |Goodwill|||15||592,970||| |Other intangible
assets|||15||214,764||47,417| |Total intangible
assets
Tangible assets
Investments|||16
17||807,734
975,339
437,207||47,417
962,910
644,896| ||||||2,220,280||1,655,223| |Current assets|||||||| |Stocks|||19|734,153|||| |Debtors|||21|2,478,493||2,882,710|| |Cash at bank and in hand||||7,468,284||5,797,932|| |||||10,680,930||8,680,642|| |Creditors: amounts
one year|falling due within|||(1,101,239)||(882,878)|| |Net current assets|||||9,579,691||7,797,764| |Total assets less current||liabilities|||11,799,971||9,452,987| |Creditors: amounts
more than one year|falling due after||||(296,143)||(287,773)| |Provisions for liabilities|||nots 26 &
27||(558,395)||(342,367)| |Net assets|||||10,945,433||8,822,847| |Income funds|||||||| |Unrestricted
funds|||||||| |Designated
funds
General unrestricted|funds||28|3,026,859
7,751,685||782,207
8,040,640|| |Funds attributable
to|parent charity||||10,778,544||8,822,847| |Non controlling
interest|||||166,889||| ||||||10,945,433||8,822,847| |The financial
statements||were approved|Dec23,2021
by the Trustees on .........................||||| |Mr E Llvesey||||Mr C EC Murray|||| |Trustee||||Trustee|||| |Company
Registration||No. 7998339|||||| ## |||||2021||2020|| |---|---|---|---|---|---|---|---| ||||Notes|6|||| |Fixed assets|||||||| |Investments|||17||371,916||371,916| |Current assets|||||||| |Debtors|||21|311||2,857|| |Cash at bank and|In|hend||3,285,483||2,609,544|| |||||3,295,794||2,612,401|| |Creditors; amounts
one year||falling due within|22|(6,106)||(7,310)|| |Net current assets|||||3,289,688||2,605,091| |Total assets less|current liabilities||||3,661,604||2,977,007| |Income funds|||||||| |~Il
ti
t dl
d|||||||| |Designated
funds
General unrestricted||funds||3,026,859
634,745||782,207
2,194,800|| ||||||3,661,604||2,977,007| ||||||3,661,604||2,977,007| ## |Mr E Livesey|Mr CEG Murray| |---|---| |Trustee|Trustee| ## ## |||||2021||2020|| |---|---|---|---|---|---|---|---| ||||Notes|8||6|| |Cash flaws from operating
activities
Cash generated
from operations
Interest paid
Income taxes paid|||33||2,092,402
(9,603)
(120,351)||2,114,951
(15,289)
(134,460)| ||||||1,962,448||1,965,202| |Investing
activities|||||||| |Purchase of intangible
assets||||(194,347)||(30,580)|| |Purchase oftangible
fixed assets
Purchase ofinvestmens||||(121,337)||(131,366)
(371,916)|| |Purchase ofother investments||||||(1,654)|| |Amounts
received from fixed|assets||||||| |Investments||||7,639|||| |Investment
income received||||7,579||12,270|| |Net cash used in Investing|activities||||(300,466)||(523,246)| |Financing activities
Repayment
ofbank loans||||8,370||(37,612)|| |Net cash generated
from/(used
financing
activities||in)|||8,370||(37,612)| |Net increase
in cash and cash||equivalents|||1,670,352||1,404,344| |Cash and cash equivalents
at beginning|||ofyear||5,797,932||4,393,588| |Cash and cash equivalents|at|end of|year||7,468,284||5,797,932| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |4|Investments||| |---|---|---|---| |||Unrestricted|Unrestricted| |||funds|funds| |||2021f|2020f| ||Interest receivable|7.579|12,270| |||Unrestricted|Unrestricted| |---|---|---|---| |||funtls|funds| |||2021f|2020
E| |Other|Income|15,577|2,250| |Share|ofprofit from aJoint venture||18,577| |||15,577|20,827| ## |||||Unrestricted|unrestricted| |---|---|---|---|---|---| |||||funds|funds| |||||2021
6|2020f| |Fun|raisin|and|ublici||| |Advertising|||||8,690| |Iladdt|||||| |Other
Staff|trading
costs|activities||1,249,822
2,480,699|1,152,437
2,063,746| |Depreciation||and|arnortlsation|165,572|134,616| |Trading costs||||3,896,093|3,350,799| |||||3,896,093|3,359,489| ## |Charitable
ac|tivities|||| |---|---|---|---|---| ||||UnrestrlctedUnrestricted|| ||||funds|funds| ||||2021|2020| ||||6|| |Staff costs|||36,798|53,131| |Letting costs|||1,403|2,281| ||||38,201|55,412| |Grant funding|ofactivities {seenote 8)||518,240|99,127| |Share ofsupport costs {seenote 9)
Share ofgovernance
costs {seenote 9)|||682
16,858|1,859
24,541| ||||573,981|180,939| ## ## |8|Grants payable|Grants payable|||| |---|---|---|---|---|---| |||||Unrestricted|Unrestricted| |||||funds|funds| |||||2021|2020| |||||E|2| ||Grants to institutions:||||| ||Grow Spake
Real Change
Tunza Pride|Wigan 8 Leigh||6,240|10,207
10,000
17,170| ||Manchester|Youth|Zone||24,000| ||New Horizon|Youth Zone||8,000|8,000| ||Groundwoks|Cheshire|||1,000| ||Dream
High
One Ark|||11.250|8,750
20,000| ||CAF|||100,000|| ||NET|||100.000|| ||Taros Trust|||90,000|| ||Social Enterprise
Homes4Good||Coalition|20,000
50,000|| ||Thriving Spaces
HACT|||8.000
30,000|| ||Dream Donation|||3,750|| ||CPAG|||21,000|| ||The Princes|Trust||50,000|| ||Business in|the Community||20,000|| |||||518,240|99,127| ## |9|Supportcosts|||Support
costs|Governance
costs|2021|Support
costs|Governance
costs|2020| |---|---|---|---|---|---|---|---|---|---| |||||8|8|||8|F| ||Office costs||||||77||77| ||Travel and subsistence||||||1,631||1,631| ||Computer
8 software
costs|||625||625|151||151| ||Miscellaneous|||14||14|||| ||postage|||8||8|||| ||Audit fee ofthe parent
charity
Accountancy
Legal and professional||||2,880
2,520
11,458|2,880
2,520
11,458||1,960
780
21,601|1,980
780
21,601| ||||||16,858|17,540|1,859|24,541|26,400| ||Analysed
between
Charitable
activities|||682|16,858|17,540|1,859|24,541|26,400| |10|Auditor's
remuneration||||||||| ||The analysis of auditor's
remuneration
isas follows;
Fess payable tothe charity's
auditor:|||||||2021
8|2020
8| ||Audit ofthe charity's
annual||accounts|||||2,880|1,800| ||Other services to the group
-the audit oflhe subsidiaries|||||||8,750|7,000| ||Total audit fees|||||||11,630|8,800| ||Non-audit services||||||||| ||All other non-audit
services|||||||5,900|5,760| ## ## |Number ofemployees|||||||| |---|---|---|---|---|---|---|---| |The average
monthly|number|ofemployees||during the year|was:|2021|2020| |||||||Number|Number| |Client facing
Management
Administration
and support||||||22
6
25|18
4
20| |||||||53|| |Employment
costs||||||2021
E|2020
E| |Wages and salaries
Social security costs
Other pension costs||||||2,159,817
240,841
116,839|1,792,708
222,084
102,085| |||||||2,517,497|2,116,877| |The number
of employees||whose|annual|remuneration|was E60,000 or||| |more were:||||||2021|2020| |||||||Number|Number| |E60,000 —E70,000
E70,001 - E80,000
E80,001 - E90,000
E90,001 - E100,000
E100,001 -E110,000
E110,001 - E120,000||||||5
1
2|1
4
2
1
1
1| |E140,001 - E150,000|||||||| |E150,OO1 - E16O,OOO|||||||| ## ## ## |Other|||||| |---|---|---|---|---|---| |||||Unrestricted|Unrestricted| |||||funds|funds| |||||2021|2020| |Share of
Taxatlon|loss from joint venture|||(99,829)|13,168
183,035| |Actuarial
(gain) Iloss on defined bsfefit pension scheme
Initial recognition
ofdefined benefit scheme
liability||||427,000|(394,000)
177,000| |||||327,171|(20,797)| ## ## ## |Intangible
fixed ass|ets||||| |---|---|---|---|---|---| |||Goodwill|software|Oevelopment|Total| |||||coute|| ||||Group||| ||||8|8|| |Cost|||||| |At 1 April 2020
Additions - separately
Additions - business|acquired
combinations|622,633|132,330
7,225|187,122|132,330
194,347
622,633| |Disposals|||(55,000)||(55,000)| |At 31 March 2021||622,633|84,555|187,122|894,310| |Amortlsatlon
and Impairment
At 1 April 2020
Amortisatlon
charged for the year
Disposals|||84,913
27,000
(55,000)||84,913
56,663
(55,000)| |At 31 March 2021||29,663|56,913||86,576| |Carrying
amount
At 31 March 2021||592,9?0|27,642|187,122|807,734| |At 31 March 2020|||47,417||47,417| ## ## ## |||||||||CO
I 0
CACAO
C«CO 0|CO
I 0
CACAO
C«CO 0|CO
I 0
CACAO
C«CO 0|CD
LO|CLI
«||||||||Cl
Ol||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||C«
«I'|I||~|||||C«||| ||||||C||W|LO|O||||||C«CD|||C«
Ol||||| ||||||E
&|||LA
DO|CO
ln||||I-||OI
In|«C
0|||LA0|0||| ||||||IU|||||||||||||||||| ||||||OC
0||W|~
CD
LO|CLI
CO
«C|||CO|Ol
O
Ol
C«C«||||0
LA|||||| |||||||||X||||CO
CD|||||CV|||||| |||||||||L||||CLI||||||||||| ||||||LO
'g|EL|W|I|ln|||CA|||CLI
In|L|||DO|||| ||||||O.|O
D|||||||||||||CD|||| ||||||||||||||||||«||Ln|||| ||||||||||||||||||||CD|||| ||||||O|Sl||0
CO||0
0
0|0
0
O||||||||0|0||| ||||||O3|||Ol
CO||ln
CV|ln
CV||||||||C«
CO
I|CO||| ||||||L'|«I||||||||||||||||| ||||||u.|5||||||||||||||||| |||Ci||||||||||||||||||||| |||ZI-Z0||||||||||||||||||||| ||LLI~N
I
I-
2 z|||||||||||||||||||||E| ||||N|||||||||||||||||||| |||'||||||||||||||||||||| |~
«E,
2g IO
Q~a
I~ S g
d+z
2 LLI «E,Z
0
LL~ &
I
N20
2+I
00. OI
500
II OZ|||W0
w
0|IH
CI
CD a
EIge
i- 6||||«I0.0
IDE
Oc«E
0
8
LD g
CLO
CI
«L'CK
C
V &«L'CO|||Cl8
Q|«0
CV
CLI
«C|0
DI
m
ld0
E
'00
III 0
0 C«
OO
CLI
IC**0** 00,
O. L-
00 &
IC
ID
~8
CD
~
ID
4
0.
LDE
E0
CI
LD0
E
LLI
00||||CV
CLI
r|CV
CLI
Ec
D
«C||8
«L'|CDL
L
«I
C
V|0
AI0
00
lll
LD
Cl
z
I-| ## ## |Fixed asset|Investments|||| |---|---|---|---|---| |Group||Shares in
group|Other
investments|Total| |||undertakings||| |||and||| |||participating||| |||interest||| |||6||| |Cost or valuation||||| |At 1 April 2020
Repayments
Consolidation
adjustments||201,654
(200,000)|443,192
(7,639)|644,846
(7,639)
(200,000)| |At 31 March|2021|1,654|435,553|437,207| |Carrying
amount
At 31March 2021||1,654|435,553|437,207| |At 31 March|2020|201,654|443,192|644,846| |Charity||||Total
6| |Cost or valuation||||| |At 1 April 2020 &31 March 2021||||371,916| |Additions||||| |Disposals||||| |At 31 March|2021|||371,916| |Impairment||||| |At 1 April 2020 &31 March 2021||||| |Impairment|losses|||| |Disposals||||| |At 3'I March|2021|||| |Carrying
amount
At 31 March 2021||||371,916| |At 31March|2020|||371,916| ## ## ## ## ## |||||id| |---|---|---|---|---| |18|Subsidiaries
(Charity)|||(contnue)| ||The results ofthe trading
subsidiary,|Fusion 21 Limited (company number 050902696)included||within the| ||Consolidated
Statement ofFinancial|Activities are as|follows:|| |||||6| ||Tunlavel'|||6,119,696| ||Cost ofsales|||(2,095)| ||Gross Surplus
Administration
expenses
Other operating
income|||6,117,601
(3,454,991)
4,477| ||Operating
surplus
Interest receivable and similar income|||2,667,087
7,578| ||Interest payable and similar expenses|||(14,601)| ||Surplus before taxation
Taxation|||2,660,064
(127,341)| ||Surplus for the financial year|||2,532,723| ||Other comprehensive
income
Actuarial lasses on defined benefit pension schemes|||(427,000)| ||Initial regognition
ofdefined benegt
Tax relating to other comprehensive|pension scheme
income|liability|166,630| ||Total Comprehensive
income for the year|||2,272,353| ||Reserves represented
by:
Fixed assets|||2,343,283| ||Current Assets|||6,241,299| ||Creditors due within
1 year
Creditors due aller more than one year
Provisions
for liabilities|||(907,293)
(246,143)
(23,795)| ||Defined benefit pension
liability|||(534,600)| |||||6,872,751| |19|Stacks (Group)||2021|2020| ||||6|6| ||Home plots||734,153|| ## ## |20|Financial Instruments||||||||| |---|---|---|---|---|---|---|---|---|---| ||Group||||||2021
8||2020| ||Carrying
amount offinancial
Debt instruments
measured
at||assets
amortlsed|cost||8,388,555||7,345,375|| ||Equity instruments
measured|at cost less||impairment|||373,570||573,570| ||Carrying
amount offinancial
Measured
at amortlssd
cost||liabilities||||896,186||653,844| ||Charity||||||2021
8||2020
8| ||Carrying
amount offinancial
Debt instruments
measured
at||assets
amortlsed|cost||3,295,483|||2,609,544| ||Carrying
amount offinancial
Measured
at amortissd cost||gabllltles||||6,108||7,310| |21|Debtors||||Group|Group|Charity||Charity| ||||||2020|2019||2021|2020| ||Amounts
falling due within|one year:|||8|6||8|8| ||Trade debtors||||778,137|1,298,257|||| ||Corporation
tax recoverable
Amounts
owed by associate|undertakings|||60,540|177,910|||| ||Other debtors||||103,844||||| ||Prepayments
and accrued Income||||1.535,972|1,406,543||310|2,857| ||||||2,478,493|2,882,710||310|2,857| |22|Creditors: amounts
falling|due within||one year|||||| ||||||Group|Group|Charity||Charity| ||||||2021|2020|2021||2020| ||||||8|8||8|8| ||Bank loans (secured)||24||40,183|40,183|||| ||Corporation
tax payable||||137,683|120,351|||| ||Other taxation and social||||||||| ||security
Deferred Income||||362,890
623|396,456|||| ||Trade creditors||||142,735|87,191||83|2,558| ||Other creditors||||25,644||||| ||Accruals end deferred
Income||||391,481|238,697|6.023||4,752| ||||||1,101,239|882,878|6,106||7,310| ## |23|Creditors: amounts|falling|falling|due after more than one year|due after more than one year|||| |---|---|---|---|---|---|---|---|---| ||||||Group|Group|Charity|Charity| ||||||2021|2020|2D21|2020| ||||||6|6|6|| ||Bank loans (secured)|||24|296,143|287,773||| ||||||296,143|287,773||| |24|Loans and overdrafts||(Group)||||2021|2D20| ||||||||6|6| ||Bankloans||||||336,326|327,956| ||Payable
within one year
Payable after one year||||||40,183
296,143|40,183
287,773| |assets ofth|e company da|ted 8June 2017.|||| |---|---|---|---|---|---| |Provisions|for gabilitles|(Group)|||2020| |Deferred tax liabilities|||26|23,795|75,367| |Retirement|benegt obligaiions||27|534,600|267,000| |||||558,395|342,367| ## ## ## |Group||Liabilities
2021|Liabilities
2020| |---|---|---|---| |Balances:|||| |Accelerated
Retirement|capital allowances
benefit obligations|23,795|34,137
41,230| |||23,795|76,367| |Charity||Liabilities
2021|Liabilities
2020| |Balances:||2|fi| |Acoelerated|capital afiowances||| |Retirement|benefit obligations||| |||Group|Charity| |||2021|2021| |Movements|in the year:|6|9| |Liability at 1April 2020||75,367|| |Charge to other expenditure||(51,572)|| |Liability at 31 March 2021||23,795|| ## ## ## ## ## ## |2T|Retirement
benefit schemes (Group)|||||(con1inued)| |---|---|---|---|---|---|---| |||||||2021| ||Amounts
recognised
in the profit and loss account:|||||| ||Net interest on net defined benefit liability|||||5,000| ||Other expenses|||||3,000| ||Total costs/(income)|||||8,000| |||||||2021| ||Amounts
taken to other comprehensive|income:||||6| ||Actual return on scheme assets|||||(226,000)| ||Less: calculated
interest element|||||33,000| ||Return on scheme assets excluding
interest||income|||(193,000)| ||Actuarial changes
related to obligations|||||620,000| ||Total costs/(income)|||||427,000| ||The amounts
included
in the balance sheet||arising|from the charity's|obligations|in respect ofdefined| ||benefit plans are as follows:|||||| |||||||2021| ||Present value ofdefined benefit obtigaUons|||||2,322,000| ||Fair value ofplan assets|||||(1,662,000)| ||Deficit in scheme|||||660,000| ||Deferred tax asset|||||(125,400)| ||Total liability recognised|||||534,600| ||Movements
ln the present value ofdefined||benefit|obligations:||| |||||||202'l| |||||||6| ||Liabllllies at 1 April 2020|||||1,664,000| ||Benefits paid|||||(3,000)| ||Actuarial gains and losses|||||620,000| ||interest cost|||||38,000| ||Other|||||3,000| ||At 31March 2021|||||2,322,000| ## ## ## |||||| |---|---|---|---|---| |Retirement
benefit schemes (Group)||||(continued)| |Movements
in the fair value of plan assets:||||| |||||2021| |||||6| |Fair value ofassets at 1 April 2020||||1,397,000| |interest Income||||33,000| |Return on plan assets (excluding|amounts|included|in net interest)|193,000| |Benefits paid||||(3,000)| |Contributions
by ths employer||||42,000| |At 31 March 2021||||1,662,000| |The fair value ofplan assets at the reporting||period|end was as follows:|| |||||2021| |||||6| |Equity instruments||||265,000| |Debt instruments||||205,000| |Property||||77,000| |Liability driven investments||||422,000| |Absolute
return||||92,000| |Alternative
risk permia||||63,000| |Secured income||||69,000| |Other categories||||469,000| |||||1,662,000| ## ## |||||||hllovement|||| |---|---|---|---|---|---|---|---|---|---| |||||||In funds|||| ||||||Balance st|Incoming|Balance at|Transfers|Balance at| ||||||1Apra 2010|resources|1April 2020||01 March 2021| ||||||E|E|E|E|E| |Corehaus|investment||||347,707||347,707|22,293|370,000| |Employment||skills,|health wsllbeing|&|||||| |deprivation|||||370,000||370,000|2,222,359|2,592,359| |Social Investment|||manager||64,500||64,500||64,500| ||||||782,207||782,207|2,244,652|3,025,859| ## ## ## |||2021|2020| |---|---|---|---| |||6|| |Aggregate|compensation|102,482|102,482| ## ## ## |Analy|sis ofchanges
in net funds|||| |---|---|---|---|---| |||At1 Aprll2020|Caah flcwaAt 21 INarch 2021|| |||6|6|6| |Cash|at bank snd in hand|5,797,932|1,670,352|7,468,284| |Loans|falling due within one year|(40,183)||(40,183)| |Loans|falling due after more then one year|(287,773)|(8,370)|(296,143)| |||5,469,976|1,661,982|7,131,958| ## |33|Cash generated
from operations|Cash generated
from operations|Cash generated
from operations|||2021|2020| |---|---|---|---|---|---|---|---| ||||||||6| ||Surplus for the year|||||2,122,586|3,053,455| ||Adjustments
for:||||||| ||Taxation charged|||||66,801|183,035| ||Investment
income recognised||in statement||offinancial activities|(7,579)|(12,270)| ||Interest payable|||||9,603|15,289| ||Share of profit on Joint Venture||||||(18,577)| ||Share of loss on Joint Venture||||||13,168| ||Amorlisailon
and Impairment|of|intangible|assets||56,663|35,340| ||Depreciation
and impairment|oftangible||fixed assets||108,909|94,011| ||Consolidation
adjustments|||||286,754|| ||Movements
ln working
capitali||||||| ||(Increase) in stocks|||||(734,153)|| ||Decreasef(increase)
in debtors|||||404,217|(1,050,051)| ||Increase
in creditors|||||200,406|7,184| ||Increase
in provisions|||||(422,428)|(205,634)| ||Increase in deferred income|||||623|| ||Cash generated
from operations|||||2,092,402|2,114,951|