##
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.
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||||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|
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|||||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|
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|||||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|
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|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|FALLING|DUE WITHIN|ONE YEAR||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||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|
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|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)|
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|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)|124 271|
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|||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)||