2021-03-31-accounts - Lambton Street Youth & Community Hub

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					Page
Trustees' annual report (incorporating		the	director's	report)
Independent examiner's report to the		trustees
Statement offinancial activities	(including		income and
expenditure account)
Statement offinancial position					10
Statement ofcash flows
Notes to the financial statements					13

Reference		and administrative	and administrative	and administrative	details
Registered		charity	name		Lambton	Street Youth tt Community		HUB
Charity registration			number		1171698
Company		registration		number	09366492
Principal	office and		registered		25 Falkland		Road
office					Sunderland
					SR46XA
The trustees
G Bunting
A Callaghan					(Resigned		9..05.21)
A Brewis
A M Richardson PJ Burnip					(Resigned		9.05.21)
D N Sheriff
J Ford
Accountants					Censis
					Chartered	accountant
					Exchange	Building
					66 Church		Street
					Hartlepool
					TS24 7DN

						2021		2020
					Unrestricted	Restricted
					funds	funds	Totalfunds	Total funds
				Note	6	6		6
Income and endowments
Donations and legacies Chaiitable activities Investment income				5 6 7	67,799 33,854 2,652	44,582 4,444	112,381 38,298 2,652	84,291 70,184 4,856
Total income					104,305	49,026	153,331	159,331
Expenditure
Expenditure on charitable		activities		8	102,121	27,764	129,885	172,878
Total expenditure					102,121	27,764	129,885	172,878
Net income/(expenditure)					2,184	21,262	23,446	(13,547)
Other recognised	gains	and	losses
Gains/(losses) from	revaluation		offixed
assets					13,565		13,565	(880)
Net movement in funds					15,749	21,262	37,011	(14,427)
Reconciliation offunds
Total funds brought	forward				345,412	172,324	517,736	532,163
Total funds carried	forward				361,161	193,586	554,747	517,736

31 March 2021
					2021	2020
					8
Fixed assets
Tangible fixed assets				13	183,910	194,488
Investments				14	85,370	71,805
					269,280	266,293
Current assets
Debtors				15	4,409	1,345
Cash at bank and	in	hand			284,622	254,094
					289,031	255,439
Creditors: amounts		falling due within one year		16	3,564	3,996
Net current assets					285,467	251,443
Total assets less	current liabilities				554,747	517,736
Net assets					554,747	517,736
Funds ofthe charity
Restricted funds					193,586	172,324
Unrestricted funds:
Revaluation	reserve				67,460	53,895
Other unrestricted			income funds		293,701	291,517
Total unrestricted	funds				361,161	345,412
Total charity funds				18	554,747	517,736

Year ended 31 March 2	021
				2021	2020
				8	F
Cash flows from operating	activities
Net income/(expenditure)				23,446	(13,547)
Adjustments for:
Depreciation oftangible fixed	assets			10,578	11,596
Other interest receivable and	similar income			(2,652)	(4,856)
Accrued (income)/expenses				(3,865)	986
Changesin:
Trade and other debtors				418	1,413
Trade and other creditors				(49)	(1,355)
Cash generated from operations				27,876	(5,763)
Interest received				2,652	4,856
Net cash from/(used in) operating		activities		30,528	(907)
Net increase/(decrease) in	cash	and cash	equivalents	30,528	(907)
Cash and cash equivalents	at beginning		ofyear	254,094	255,001
Cash and cash equivalents	at end ofyear			284,622	254,094

Donations and le	gacies (continued)
		Unrestricted	Restricted	Total Funds
		Funds f	Funds F	2021 f
Donations
Donations		711		711
Grants
Sunderland City Council			320	320
BBCChildren In Need			9,982	9,982
BGLGroup		2,000		2,000
Garfield Weston		5,000		5,000
Youth Investment	Fund		8,818	8,818
Awards for All			8,855	8,855
Small Business Rates Relief		25,000		25,000
Job Retention Scheme		35,088		35,088
Community Fund			10,000	10,000
Gentoo Aspire			497	497
Rise North East			2,810	2,810
SirJohn Priestman			3,300	3,300
		67,799	44,582	112,381

			Unrestricted	Restricted	Total Funds
			Funds F	Funds f	2020 f
Donations
Donations			7,480		7,480
Grants
BBCChildren In Need Kans 8 Kandy Youth Investment Fund Sunderland City Council Sunderland Community Carbon Trust	- Holiday Chest	Hunger	900	9,800 5,000 27,068 12,428 2,964	9,800 5,000 27,068 12,428 2,964 900
Ballinger Trust Boxing Section Street Danze Sir John Priestman				10,000 2,859 2,492 3,300	10,000 2,859 2,492 3,300
			8,380	75,911	84,291

Charitable activities
	Unrestricted	Restricted	Total Funds
	Funds f	Funds F	2021 f
Lambton - Street Dance West Area Youth Activities Room hire Subscriptions Other	1,000 27,523 4,144 656	2,048	1,000 2,048 27,523 4,144 656
Good Vibes Tuck Shop	531	2,396	2,396 531
	33,854	4,444	38,298

Charitable activities (con(mund)
	Unrestricted	Restricted	Total Funds
	Funds F	Funds f	2020
Lambton - Street Dance	942		942
Room hire	42,081		42,081
Subscriptions	21,448		21,448
Training	1,188		1,188
Other	1,988		1,988
Tuck Shop	2,537		2,537
	70,184		70,184

			Unrestricted	Funds	Unrestricted	Funds
			Funds f	2021 f	Funds f	2020
Bank	interest	receivable	28	28
Other	interest	receivable	2,624	2,624	4,856	4,856
			2,652	2,652	4,856	4,856

		Unrestricted	Restricted	Total Funds
		Funds f	Funds	2021 f
General Fund Kans Kandy West Area Youth Activities Ballinger Trust BBCChildren In Need Leasehold Improvements SIBMinibus		102,121	2,500 2,048 1,667 3,448 2,000 563	102,121 2,500 2,048 1,667 3,448 2,000 563
Youth Investment Fund			568	568
Awards For All Sir John Pdiestman Good Vibes Project Community Foundation Sunderland CC Basketball			5,036 1,521 2,396 5,834 183	5,036 1,521 2,396 5,834 183
		102,121	27,764	129,885
		Unrestncted	Restricted	Total Funds
		Funds F	Funds	2020 f
General Fund Kans Kandy Ballinger Trust BBCChildren In Need Leasehold Improvements SIBMinibus		89,395	2,500 8,333 2,275 2,000 751	89,395 2,500 8,333 2,275 2,000 751
Youth Investment Fund Awards For All			27,822 7,990	27,822 7,990
Holiday Hunger Fund SirJohn Priestman Small Grants			13,503 3,263 15,046	13,503 3,263 15,046
		89,395	83,483	172,878
Net income/(expenditure)
Net income/(expenditure)	is stated after	charging/(crediting):
			2021 f	2020 F
Depreciation oftangible	fixed assets		10,578	11,596

Independent	examinatio	n fees
				2021 f	2020 f
Fees payable	to the independent		examiner for:
Independent	examination	ofthe	financial statements	900	900

Staffcosts
The total staff costs and	employee	benefits for the reporting	period	are analysed as	follows:
				2021 f	2020 f
Wages and salaries				85,397	80,409
Social security costs				4,477	4,490
Employer contributions	to pension	plans		1,257	2,554
				91,131	87,453

The average	head	count ofemployees	count ofemployees	during the year was 13(2020:9).The average	number	of
full-time equivalent		employees	during	the year is analysed as follows:
				2021	2020
				No.	No.
Charitable activities				12		8
Management	&administration			1		1
				13		9

13.	Tangible fixed assets
		Long
		leasehold	Fixtures and	Motor
	Cost	property F	fittings F	vehicles f	Total 6
	At 1 April 2020 and 31 March 2021	200,000	72,256	30,000	302,256
	Depreciation
	At 1 April 2020 Charge for the year	36,000 2,000	44,020 8,015	27,748 563	107,768 10,578
	At 31 March 2021	38,000	52,035	28,311	118,346
	Carrying amount
	At 31March 2021	162,000	20,221	1,689	183,910
	At 31 March 2020	164,000	28,236	2,252	194,488
14.	Investments

	Other
	investments
Cost orvaluation
At 1 April 2020 Additions	71,805
Fair value movements	13,565
At 31 INarch 2021	85,370
Impairment
At 1 April 2020 and 31 INarch 2021
Carrying amount
At 31 March 2021	85,370
At 31 March 2020	71,805

All investments Debtors	shown above are held at valuation.
		2021	2020
			F
Trade debtors		200	620
Prepayments Other debtors	and accrued income	4,109 100	625 100
		4,409	1,345

Creditors: amounts f	alling due within one year
		2021	2020
		8
Trade creditors		90	104
Accruals and deferred	income	1,651	2,034
Social security and other taxes		1,125	1,160
Other creditors		698	698
		3,564	3,996

			At			Gains and At 31Ilarch	Gains and At 31Ilarch
			1 Apdil 2020 f	Income E	Expenditure E	losses	2021 E
General	fund		174,533	104,305	(102,121)		176,717
Revaluation		reserve	53,895			13,565	67,460
Replacement		Minibus	36,800				36,800
Replacement		of
inefficient	heating
system			15,184				15,184
Purpose	built studio		65,000				65,000
			345,412	104,305	(102,121)	13,565	361,161

			At			Gains and	At 31 March
			1 April 2020 E	Income	Expenditure	fosses f	2021
BBCChildren	In Need		7,525	9,982	(3,448)		14,059
Awards for All				8,855	(5,036)		3,819
Kans Kandy			2,500		(2,500)
West Area Youth
Activities				2,048	(2,048)
Small Grants			888				888
Leasehold
Improvements SIBMinibus Ballinger Trust			164,000 2,252 1,667		(2,000) (563) (1,667)		162,000 1,689
Youth Investment		Fund	(8,250)	8,818	(568)
SirJohn Priestman Good Vibes Project			1,742	3,300 2,396	(1,521) (2,396)		3,521
Community Foundation Rise North East				10,000 2,810	(5,834)		4,166 2,810
Sunderland CC
Basetball				320	(183)		137
Gentoo Aspire	Grant			497			497
			172,324	49,026	(27,764)		193,586
Analysis ofnet assets between funds
				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2021	2020
				E	6	6	F
Tangible fixed	assets			20,221	163,689	183,910	194,488
Investments				85,370		85,370	71,805
Current assets				259,134	29,897	289,031	255,439
Creditors less	than	1 year		(3,564)		(3,564)	(3,996)
Net assets				361,161	193,586	554,747	517,736