2021-12-31-accounts - Redstart Educate

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RED START 2021 Financial Review RedSTART is a low-cost charity. Our total income for the period was £394,924 (2020.. £227,408). £394,764 of this wos received as donations and legacies. The additional £160 was through kitbag sales. A key milestone for 2022 is to achieve our tundraising taryet of £600.000 a year. for the next three years. Our 8xp8nditure totalled £252,676 (2020: £245,385). Totol funds carried forward for the period amounted to £181,644 (2020- £39,396). Our trustees aim to always hold cash reserves, to cover nondiscretionary spend such as staff salories. This amounts to £78,000.

			2021	2020
			Unrestricted	Total
			fund	funds
		Notes	E	E
CURRENT ASSETS
Debtors			5,000
Cash at	bank		180883	40 986
			185,583	40,986
CREDITORS
Amounts	falling due within	one year	(3,939)	(1,590)
NET CURRENT ASSETS			181644	39 396
TOTAL	ASSETS LESSCURRENT LIABILITIES		1812644	39,396
NET ASSETS			181644	39 396
FUNDS		10
Unrestricted funds			181644	39 396
TOTAL	FUNDS		181644	39 396

				2021	2020
				Unrestricted	Tota I
				fund	funds
			Notes	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies				394,764	225,608
Charitable activities				160	1 DDD
Total				394,924	227,408
EXPENDITURE ON
Raising funds				31,525	8,022
Charitable activities
Financial education				221,151	237,363
Total				252,676	245,385
NET INCOME/(EXPENDITURE)				142,248	(17,977)
RECONCILIATION	OF FUNDS
Total funds brought forward				39,396	57,373
TOTAL FUNDS CARRiED FORWARD				161644	39 396

				2021 f	2020 f
	Income from	charitable	activities	160	~1800
4.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
				2021	2020
					f
	Independent Bookkeeping	examination fees		1,440 ~1410	13512 330

STAFF COSTS
The average monthly	number	of	employees		during	the year was as follows:
							2021	2020
Total staff							5	5
No employee received	emoluments			in excess off60,000.
COMPARATIVES FOR THE		STATEMENT			OF FINANCIAL ACTIVITIES
								Unrestricted
								fundf
INCOME AND ENDOWMENTS			FROM
Donations and legacies								225,608
Charitable activities								3 890
Total								227,408
EXPENDITURE ON
Raising funds								8,022
Charitable activities
Financia I education								237,363
Total								245,385
NET INCOME/(EXPENDITURE)								(173977)
RECONCILIATION OF FUNDS
Total funds brought	forward							57,373
TOTAL FUNDS CARRIED FORWARD								39396

8.	DEBTORS: AMOUNTS	DEBTORS: AMOUNTS	FALLING	DUE WITHIN
						2021 f	2020 E
	Funds receivable					~5000
9.	CREDITORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
						2021 f	2020
	Trade creditors Accrued expenses					2,427 ~1512	78 ~1512
						~3939	~1590
10.	MOVEMENT IN FUNDS
						Net
						movement	At
					At 1.1.21	in funds	31.12.21
						E	E
	Unrestricted	funds
	Genera I fund				397396	142 248	1817644
	TOTAL FUNDS				39396	142 248	181644
	Net movement	in funds,	included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					E		E
	Unrestricted	funds
	Genera I fund				394,924	(252,676)	142,248
	TOTAL FUNDS				394924	(252676)	142 248

Compar	ative	s for movem	ent in fu	nds
						Net
						movement	At
					At 1,1.20	in funds	31.12.20
					E	E	E
Unrestricted		funds
General	fund				57,373	(17,977)	39,396
TOTAL	FUNDS				~57 373	~17977)	~39 396
Comparative		net movement	in funds,	included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					E	E
Unrestricted		funds
General	fund				227,408	(245,385)	(17,977)
TOTAL	FUNDS				227 408	~245 385)	~17977)

A curren	t yea	r 12 months and prior year 12	months combined position is as follo	ws:
				Net
				movement	At
			At 1.1.20	in funds	31.12.21
			E	E
Unrestricted		funds
General	fund		57,373	124,271	181,644
TOTAL	FUNDS		57 373	124271	181644

			Incoming	Resources	Movement
			resources	expended	in funds
			E		E
Unrestricted		funds
General	fund		622,332	(498,061)	124,271
TOTAL	FUNDS		622 332		498661)

		2021	2020
		E	E
INCOME AND ENDOWMENTS
Donations and legacies
Donations		369,475	177,951
Donated goods and services		25 256	47 657
		394,764	225,608
Charitable activities
Income from charitable	activities	160	1 800
Total incoming resources		394,924	227,408
EXPENDITURE
Fundraising costs
Wages Social security		25,464 2,353	6,943 635
Pensions and benefits		3,492	233
Website expenses		216
Donations			211
		31,525	8,022
Charitable activities
Wages Socia I security Pensions and benefits		65,188 5,471 9,896	52,720 4,164 5,121
Travel and entertainment		1,680	853
Merchandise costs - kit Product development	bags for schools	52 17600	3,245
		99,887	66,103
Support costs
Management Wages		55,913	74,610
Social security Pensions and benefits		5,402 8607	6,616 7 886
		69,922	89,122
Finance
Finance costs		1,226
Software		747	765
		1,973	765
Information technology
Computers and pe rip hera I equi p ment Software Security and consultancy		604 9,804 11,721	9,243 23,413
Sundries		721	11,997
Website hosting and maintenance		8,688
Website design		1556
		33,104	44,653
Human resources
Background checks		43
Carried forward		43

			2021	2020
			E
Human resources
Brought forward			43
Training			217		550
Software licences			503
Payroll and benefits	administration		390
Recruitment fees Sundries			113	4,350 40
Entertainment			306		96
			1,572	5,036
Administration and other costs
Rent			2,463	21,657
Insurance			30
Other premises costs			2,685	7,176
Postage and stationery			231		14
Advertising and marketing			439
			5,848	28,847
Governance costs
Independent examiners Insurance		fees	2,850 735	1,842 725
Sundries			195
Legal and professional		fees	5865		270
			8845	2 837
Total resources expended			252 676	243	385
Net income/(expenditure)			142 248	~17977)