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|||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|||
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|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||||
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||||||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)|
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|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)|
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||||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|
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|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|
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|||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|
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|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|
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|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|
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|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)||
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|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|
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|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|
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|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|
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|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)|
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|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|
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|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)|
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|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)|
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