| Page | ||
|---|---|---|
| Trustees' | annual report |
|
| Independent examiner's report to the trustees |
||
| Statement | offinancial activities |
|
| Statement | offinancial position |
|
| Statement | ofcash flows | |
| Notes to the financial statements |
| Reference and administrative | Reference and administrative | Reference and administrative | details | |||
|---|---|---|---|---|---|---|
| Registered | charity | name | Vehicles For | Change | ||
| Charity registration | number | 1177568 | ||||
| Principal office | Queensgate | House | ||||
| 48 Queen Street | ||||||
| Exeter | ||||||
| EX43SR | ||||||
| The trustees | ZACKerr | |||||
| S Mildon | (Resigned | 10/11/2021) | ||||
| T Hooper | ||||||
| N Wilton | ||||||
| R Reynolds | (Appointed | 12/10/2021) | ||||
| J A W Goudswaard | ||||||
| Key management | J Brown | (Resigned | 24/09/2021) | |||
| Independent | examiner | Adam Croney ACA | ||||
| Thomas Westcott Chartered | Accountants | |||||
| Plym House | ||||||
| 3Longbridge | Road | |||||
| Marsh Mills |
||||||
| Plymouth | ||||||
| PL6 8LT |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | 6 | 6 | 6 | ||||
| Income and endowments | |||||||
| Donations and legacies |
175,469 | 93,582 | 269,051 | 148,599 | |||
| Charitable activities |
45,796 | 45,796 | 369,727 | ||||
| Other trading activities |
124 | ||||||
| Investment income |
3 | 3 | |||||
| Other income | 26,413 | 26,413 | |||||
| Total income | 247,681 | 93,582 | 341,263 | 518,450 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofraising donations | and | ||||||
| legacies | 9 | 26,300 | 26,300 | 60,976 | |||
| Expenditure on charitable |
activities | 10,11 | 295,730 | 85,979 | 381,709 | 468,705 | |
| Other expenditure | 13 | (2,299) | (2,299) | ||||
| Total expenditure | 319,731 | 85,979 | 405,710 | 529,681 | |||
| Net expenditure | (72,050) | 7,603 | (64,447) | (11,231) | |||
| Transfers between funds |
(40,000) | 40,000 | |||||
| Net movement in funds |
(112,050) | 47,603 | (64,447) | (11,231) | |||
| Reconciliation offunds | |||||||
| Total funds brought forward |
(149,420) | 141,797 | (7,623) | 3,608 | |||
| Total funds carried forward | (261,470) | 189,400 | (72,070) | (7,623) |
| 28 February 202 | 1 | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Note | 8 | ||||
| Fixed assets | |||||
| Tangible fixed assets | 18 | 199,169 | 245,459 | ||
| Current assets | |||||
| Debtors | 19 | 18,363 | 19,108 | ||
| Cash at bank and in hand | 108,053 | 119,969 | |||
| 126,416 | 139,077 | ||||
| Creditors: amounts | falling | due within one year | 20 | 397,655 | 392,159 |
| Net current liabilities | 271,239 | 253,082 | |||
| Total assets less current | liabilities | (72,070) | (7,623) | ||
| Net liabilities | (72,070) | (7,623) | |||
| Funds ofthe charity | |||||
| Restricted funds | 189,400 | 141,797 | |||
| Unrestricted funds |
(261,470) | (149,420) | |||
| Total charity funds | 22 | (72,070) | (7,623) |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 6 | E | |||
| Cash flows from operating | activities | |||
| Net expenditure | (64,447) | (11,231) | ||
| Adjustments for: |
||||
| Depreciation oftangible fixed |
assets | 66,589 | 58,779 | |
| Gains on disposal oftangible | fixed assets | (2,299) | ||
| Trade and other debtors | 745 | 87,849 | ||
| Trade and other creditors | 5,496 | 47,078 | ||
| Net cash from operating activities |
6,084 | 182,475 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible assets | (36,000) | (75,250) | ||
| Proceeds from sale oftangible assets | 18,000 | |||
| Net cash used in investing activities |
(18,000) | (75,250) | ||
| Net (decrease)/increase in |
cash and cash | equivalents | (11,916) | 107,225 |
| Cash and cash equivalents | at beginning | ofyear | 119,969 | 12,744 |
| Cash and cash equivalents | at end ofyear | 108,053 | 119,969 |
| value, over the useful econo | mic life ofthat asset a |
s follows: |
|---|---|---|
| Plant and machinery | 25% straight | line |
| Fixtures and fittings | 25% straight | line |
| Motor vehicles | 25% reducing | balance |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2021 | ||
| 8 | F | 6 | ||
| Donations | 7,699 | 7,699 | ||
| Grants | 58,000 | 93,582 | 151,582 | |
| Government | grants | 109,770 | 109,770 | |
| 175,469 | 93,582 | 269,051 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| r. | E | |||
| Donations | 12,321 | 12,321 | ||
| Grants | 136,278 | 136,278 | ||
| Government | grants | |||
| 12,321 | 136,278 | 148,599 |
| Ye | ar ended | 28 February 2 | 28 February 2 | 021 | ||||
|---|---|---|---|---|---|---|---|---|
| 5. | Charitable | activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds F |
2021 f |
Funds f |
2020 | |||||
| Mobiloo hire | 45,796 | 45,796 | 369,727 | 369,727 | ||||
| 6. | Other trading | activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds f |
2021 F |
Funds f |
2020 f |
|||||
| Other trading | income | 124 | 124 | |||||
| 7. | Investment | income | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds f |
2021 f |
Funds f |
2020 f |
|||||
| Interest receivable | 3 | 3 | ||||||
| 8. | Other income | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds F |
2021 f |
Funds f |
2020 f |
|||||
| Insurance | income | 26,413 | 26,413 | |||||
| 9. | Costs ofraising donations | and legacies | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds f |
2021 f |
Funds f |
2020 | |||||
| Fundraising | costs | 26,300 | 26,300 | 60,976 | 60,976 | |||
| 10. | Expenditure | on charitable | activities by fund | type | ||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds f |
Funds f. |
2021 f |
||||||
| Charitable | activities | 292,488 | 85,979 | 378,467 | ||||
| Support costs | 3,242 | 3,242 | ||||||
| 295,730 | 85,979 | 381,709 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds f |
2020 | ||||||
| Charitable | activities | 461,517 | 1,021 | 462,538 | ||||
| Support costs | 6,167 | 6,167 | ||||||
| 467,684 | 1,021 | 468,705 |
| Expenditure on charitable activities by activity |
||
|---|---|---|
| Total funds | Total funds | |
| 2021 f |
2020 f |
|
| Wages and salaries | 174,432 | 224,883 |
| Direct expenses | 7,099 | 28,597 |
| Bank charges | 55 | 280 |
| Consulting | 7,549 | |
| Depreciation | 66,589 | 58,779 |
| Printing, postage and stationery |
310 | 2,283 |
| Interest | 20,491 | 11,803 |
| Vehicle costs | 38,233 | 83,227 |
| ITsoftware and consumables |
1,937 | 4,391 |
| Rent | 11,071 | 10,579 |
| Staff training | 245 | 673 |
| Advertising | 2,945 | |
| Travel —National | 1,265 | 339 |
| Telephone and internet |
779 | 696 |
| Vehicle storage | 1,292 | 2,948 |
| Cleaning | 559 | 1,077 |
| Insurance | 11,088 | 2,457 |
| General expenses | 77 | 21,977 |
| Grants given | 40,000 | |
| 378,467 | 462,538 |
| Analysis ofsupport co | sts | ||||
|---|---|---|---|---|---|
| Total funds | Total funds | ||||
| 2021 f |
2020 f |
||||
| Legal and professional | 242 | 2 | |||
| Accountancy | 3,000 | 6,165 | |||
| 3,242 | 6,167 | ||||
| Other expenditure | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds f |
2021 f |
Funds f |
2020 f |
||
| Loss on disposal oftangible fixed | |||||
| assets held for charity's | own use | (2,299) | (2,299) | ||
| Net expenditure | |||||
| Net expenditure is stated |
after charging/(crediting): | ||||
| 2021 f |
2020 f |
||||
| Depreciation oftangible |
fixed assets | 66,589 | 58,779 | ||
| Gains on disposal oftangible fixed assets | (2,299) |
| Independent | examinatio | n fees |
||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| 5 | ||||||
| Fees payable | to the independent | examiner for: | ||||
| Independent | examination | ofthe | financial statements | 1,500 | 2,250 | |
| Other financial | services | 1,500 | 2,500 | |||
| 3,000 | 4,750 |
| Staff costs | ||||
|---|---|---|---|---|
| The total staff costs | and employee | benefits for the reporting | period are analysed as | follows: |
| 2021 | 2020 | |||
| E | ||||
| Wages and salaries | 165,866 | 208,048 | ||
| Employers National |
Insurance | 6,174 | 10,499 | |
| Pension contributions | 2,392 | 6,336 | ||
| 174,432 | 224,883 |
| duties as trustees in the reporting Tangible fixed assets |
period. | |||
|---|---|---|---|---|
| Plant and | Fixtures and | Motor | ||
| machinery | fittings | vehicles | Total | |
| E | E | E | ||
| Cost | ||||
| At 1 March 2020 | 474 | 690 | 324,104 | 325,268 |
| Additions | 36,000 | 36,000 | ||
| Disposals | (20,604) | (20,604) | ||
| At 28 February 2021 | 474 | 690 | 339,500 | 340,664 |
| Depreciation | ||||
| At 1 March 2020 | 238 | 346 | 79,225 | 79,807 |
| Charge for the year | 118 | 173 | 66,298 | 66,589 |
| Disposals | (4,903) | (4,903) | ||
| At 28 February 2021 | 356 | 519 | 140,620 | 141,493 |
| Carrying amount |
||||
| At 28 February 2021 | 118 | 171 | 198,880 | 199,169 |
| At 29 February 2020 | 236 | 344 | 244,879 | 245,461 |
| 19. | Debtors | ||||
|---|---|---|---|---|---|
| 2021 f |
2020 F |
||||
| Trade debtors | 8,875 | 13,637 | |||
| Prepayments and |
accrued income | 7,616 | |||
| Other debtors | 1,872 | 5,471 | |||
| 18,363 | 19,108 | ||||
| 20. | Creditors: amounts | falling due within one year | |||
| 2021 f |
2020 F |
||||
| Loans | 342,929 | 331,438 | |||
| Trade creditors | 21,062 | 2,779 | |||
| Accruals and deferred | income | 17,258 | 35,757 | ||
| Director loan accounts | 12,051 | 21,332 | |||
| Other creditors | 4,355 | 853 | |||
| 397,655 | 392,159 | ||||
| 21. | Deferred income | ||||
| 2021 f |
2020 f |
||||
| At 1 March 2020 | 31,007 | ||||
| Amount released | to income | (31,007) | |||
| Amount deferred |
in year | 14,258 | 31,007 | ||
| At 28 February 2021 | 14,258 | 31,007 |
| 22. | Analysis ofcharitable | Analysis ofcharitable | funds | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | |||||||
| At | 1 Mar 20 f |
Income f |
Expenditure F |
Transfers f |
At 28 Feb 21 F |
|||
| General funds | (149,420) | 247,681 | (319,731) | (40,000) | (261,470) | |||
| At1 Mar 19 f |
Income f |
Expenditure | Transfers f |
At 29 Feb 20 f |
||||
| General funds | (2,932) | 382,172 | (528,660) | (149,420) |
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At 1 Mar 20 f |
Income f |
Expenditure | Transfers f |
At | 28 Feb 21 f |
|
| Barnwood Trust | 6,540 | (2,564) | 3,976 | |||
| Postcode Innovation | ||||||
| Trust | 78,979 | (60,995) | 40,000 | 57,984 | ||
| The Clothworker | ||||||
| Foundation | 25,000 | 25,000 | ||||
| Childwick Trust | 11,000 | 11,000 | ||||
| Department for Work |
||||||
| and Pensions | 20,278 | 10,322 | (22,420) | 8,180 | ||
| London Community | ||||||
| Response | 38,800 | 38,800 | ||||
| National Heritage |
||||||
| Lottery | 44,460 | 44,460 | ||||
| 141,797 | 93,582 | (85,979) | 40,000 | 189,400 | ||
| At 1 Mar 19 f |
Income F |
Expenditure f |
Transfers f |
At | 29 Feb 20 f |
|
| Bamwood Trust | 6,540 | 6,540 | ||||
| Postcode Innovation | ||||||
| Trust | 80,000 | (1,021) | 78,979 | |||
| The Clothworker | ||||||
| Foundation | 25,000 | 25,000 | ||||
| Childwick Trust |
11,000 | 11,000 | ||||
| Department for Work |
||||||
| and Pensions | 20,278 | 20,278 | ||||
| 6,540 | 136,278 | (1,021) | — | 141,797 |
| Analysis of net as | sets between funds |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds f |
Funds 6 |
2021 8 |
||
| Tangible fixed assets | 136,185 | 62,984 | 199,169 | |
| Current assets | 126,416 | 126,416 | ||
| Creditors less than | 1 year | (397,655) | (397,655) | |
| Net liabilities | (261,470) | 189,400 | (72,070) | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| F | ||||
| Tangible fixed assets | 197,480 | 47,979 | 245,459 | |
| Current assets | 45,259 | 93,818 | 139,077 | |
| Creditors less than | 1 year | (392,159) | (392,159) | |
| Net liabilities | (149,420) | 141,797 | (7,623) |
| Analy | sis ofchan | ges in net debt |
|||
|---|---|---|---|---|---|
| At | At | ||||
| 1 Mar 2020 | Cash flows | 28 Feb 2021 | |||
| 6 | 6 | 8 | |||
| Cash | at bank and | in hand | 119,969 | (11,916) | 108,053 |
| Debt | due within one year | (392,159) | (5,496) | (397,655) | |
| (272,190) | (17,412) | (289,602) |