2021-04-01-accounts - Ethos-Extending The Hand Of Support

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REGISTERED CHARITY NUMBER: 1177809

Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 April 2021

for
ETHOS-Extending the hand of support

RDP Accountants
Devon Suite
Dencora Business Centre
36 White House Road
Ipswich
Suffolk
IP1 5LT

ETHOS-Extending the hand of support

`Contents of the Financial Statements for the Year Ended 30 April 2021`

		`Page`
`Report of the Trustees`		`1`
`Statement of Financial Activities`		`2`
`Balance Sheet`		`3`
`Notes to the Financial Statements`	`4`	`t`	`8`
		`o`
`Detailed Statement of Financial Activities`
		`9`

ETHOS-Extending the hand of support

Report of the Trustees

for the Year Ended 30 April 2021

The trustees present their report with the financial statements of the charity for
the year ended 30 April 2021. The trustees have adopted the provisions of Accounting
and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`

The charity is controlled by its governing document, a deed of trust and constitutes
an unincorporated charity.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1177809`

`Principal address`

12 Mantella Drive

Tupsley
Herefordshire
NN6 7GA

`Trustees`

M D Drury
Mrs T L Lasky
Ms N A Coleman
M C Groves
Approved by order of the board of trustees on
............................................. and signed on its behalf by:

..............................
M D Drury - Trustee

Page 1

ETHOS-Extending the hand of support

Statement of Financial Activities
for the Year Ended 30 April 2021

30.4.21
Unrestricted Restricted Total
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
18,834
-
18,834
Charitable activities
Grants Received
23,290
65,861
89,151
Other trading activities
2
13,962
-
13,962
Total
56,086
65,861
121,947
EXPENDITURE ON
Raising funds
335
-
335
Charitable activities
Grants to institutions
-
-
-
Grants to individuals
-
-
-
Charitable Activities
21,953
21,611
43,564
Other
20,617
42,000
62,617
Total
42,905
63,611
106,516
NET INCOME
13,181
2,250
15,431
RECONCILIATION OF FUNDS
Total funds brought forward
1,750
-
1,750
TOTAL FUNDS CARRIED FORWARD
14,931
2,250
17,181 30.4.20
Total
funds
£
4,349
250
135
4,734
1,254
2,488
169
-
-
3,911
823
927
1,750

The notes form part of these financial statements

Page 2

ETHOS-Extending the hand of support

`Balance Sheet`

`30 April 2021`

					`30.4.21`	`30.4.20`
		`Unrestricted`	`Restricted`		`Total`	`Total`
		`fund`	`funds`		`funds`	`funds`
	`Notes`	`£`	`£`		`£`	`£`
`FIXED ASSETS`
`Tangible assets`	`5`	`1,108`		`-`	`1,108`	`-`
`CURRENT ASSETS`
`Debtors`	`6`	`210`		`-`	`210`	`-`
`Cash at bank`		`29,702`	`2,250`		`31,952`	`1,750`
		`29,912`	`2,250`		`32,162`	`1,750`
`CREDITORS`
`Amounts falling due within one year`
	`7`	`(16,089)`		`-`	`(16,089)`	`-`
`NET CURRENT ASSETS`		`13,823`	`2,250`		`16,073`	`1,750`
`TOTAL ASSETS LESS CURRENT`
`LIABILITIES`		`14,931`	`2,250`		`17,181`	`1,750`
`NET ASSETS`		`14,931`	`2,250`		`17,181`	`1,750`
`FUNDS`	`8`
`Unrestricted funds`					`14,931`	`1,750`
`Restricted funds`					`2,250`	`-`
`TOTAL FUNDS`					`17,181`	`1,750`

The financial statements were approved by the Board of Trustees and authorised for
issue on ............................................. and were signed on its behalf
by:

.............................................
M C Groves - Trustee

.............................................
M D Drury - Trustee

The notes form part of these financial statements

Page 3

ETHOS-Extending the hand of support

Notes to the Financial Statements

for the Year Ended 30 April 2021

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

The financial statements of the charity, which is a public benefit entity under
FRS 102, have been prepared in accordance with the Charities SORP (FRS 102)
'Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2019)', Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Charities Act 2011. The financial statements have been prepared under the
historical cost convention.

`Income`

All income is recognised in the Statement of Financial Activities once the
charity has entitlement to the funds, it is probable that the income will be
received and the amount can be measured reliably.

`Expenditure`

Liabilities are recognised as expenditure as soon as there is a legal or
constructive obligation committing the charity to that expenditure, it is
probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that
aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a
basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end
date are noted as a commitment but not accrued as expenditure.

`Tangible fixed assets`

Depreciation is provided at the following annual rates in order to write off
each asset over its estimated useful life.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at
the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the
objects of the charity.  Restrictions arise when specified by the donor or when
funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the
notes to the financial statements.

`Hire purchase and leasing commitments`

Rentals paid under operating leases are charged to the Statement of Financial
Activities on a straight line basis over the period of the lease.

`Pension costs and other post-retirement benefits`

The charity operates a defined contribution pension scheme.  Contributions
payable to the charity's pension scheme are charged to the  Statement of
Financial Activities in the period to which they relate.

continued...

Page 4

ETHOS-Extending the hand of support

Notes to the Financial Statements - continued

for the Year Ended 30 April 2021

`2. OTHER TRADING ACTIVITIES`

`OTHER TRADING ACTIVITIES`
	`30.4.21`	`30.4.20`
	`£`	`£`
`Shop income`	`4,266`	`135`
`Rent received`	`9,696`	`-`
	`13,962`	`135`
`TRUSTEES' REMUNERATION AND BENEFITS`
	`30.4.21`	`30.4.20`
	`£`	`£`
`Trustees' salaries`	`12,833`	`-`

`3. TRUSTEES' REMUNERATION AND BENEFITS`

`Trustees' expenses`

M Groves received expenses of £2,834.16 in repayment of expenses that were
incurred for the refurbishment works in the year.

M Drury received expenses of £8,567.34 in repayment of expenses that were
incurred for the refurbishment works in the year.

`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

	`Unrestricted`
	`fund`
	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`4,349`
`Charitable activities`
`Grants Received`	`250`
`Other trading activities`	`135`
`Total`	`4,734`
`EXPENDITURE ON`
`Raising funds`	`1,254`
`Charitable activities`
`Grants to institutions`	`2,488`
`Grants to individuals`	`169`
`Total`	`3,911`
`NET INCOME`	`823`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`	`927`
`TOTAL FUNDS CARRIED FORWARD`	`1,750`

continued...

Page 5

ETHOS-Extending the hand of support

`Notes to the Financial Statements - continued`

for the Year Ended 30 April 2021

`5.`	`TANGIBLE FIXED ASSETS`
		`Fixtures`
			`and`		`Computer`
		`fittings`			`equipment`	`Totals`
			`£`		`£`	`£`
	`COST`
	`Additions`		`519`		`958`	`1,477`
	`DEPRECIATION`
	`Charge for year`		`130`		`239`		`369`
	`NET BOOK VALUE`
	`At 30 April 2021`		`389`		`719`	`1,108`
	`At 30 April 2020`			`-`	`-`		`-`
`6.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
					`30.4.21`	`30.4.20`
					`£`	`£`
	`Prepayments`				`210`		`-`
`7.`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
					`30.4.21`	`30.4.20`
					`£`	`£`
	`Taxation and social security`				`1,095`		`-`
	`Other creditors`				`14,994`		`-`
					`16,089`		`-`
`8.`	`MOVEMENT IN FUNDS`
					`Net`
					`movement`	`At`
		`At`	`1.5.20`		`in funds`	`30.4.21`
			`£`		`£`	`£`
	`Unrestricted funds`
	`General fund`		`1,750`		`13,181`	`14,931`
	`Restricted funds`
	`National Lottery Grant`			`-`	`2,250`	`2,250`
	`TOTAL FUNDS`		`1,750`		`15,431`	`17,181`

continued...

Page 6

ETHOS-Extending the hand of support

Notes to the Financial Statements - continued
for the Year Ended 30 April 2021

`8. MOVEMENT IN FUNDS - continued`

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
National Lottery Grant
HFC Grant
Connexus Housing Grant
Garfield Western Grant
Rank Foundation YY8
Asda Feeding Communities Grant
Co Op Grant
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included
Unrestricted funds
General fund
TOTAL FUNDS Incoming Resources Movement
resources
expended in funds
£
£
£
56,086
(42,905)
13,181
9,500
(7,250)
2,250
10,000
(10,000)
-
2,560
(2,560)
-
15,000
(15,000)
-
24,750
(24,750)
-
600
(600)
-
3,451
(3,451)
-
65,861
(63,611)
2,250
121,947
(106,516)
15,431
Net
movement
At
At 1.5.19
in funds
30.4.20
£
£
£
927
823
1,750
927
823
1,750
in the above are as follows:
Incoming Resources Movement
resources
expended in funds
£
£
£
4,734
(3,911)
823
4,734
(3,911)
823

continued...

Page 7

ETHOS-Extending the hand of support

Notes to the Financial Statements - continued
for the Year Ended 30 April 2021

`8. MOVEMENT IN FUNDS - continued`

A current year 12 months and prior year 12 months combined position is as follows:

			`Net`
			`movement`	`At`
	`At 1.5.19`		`in funds`	`30.4.21`
		`£`	`£`	`£`
`Unrestricted funds`
`General fund`		`927`	`14,004`	`14,931`
`Restricted funds`
`National Lottery Grant`		`-`	`2,250`	`2,250`
`TOTAL FUNDS`		`927`	`16,254`	`17,181`

A current year 12 months and prior year 12 months combined net movement in funds,
included in the above are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `National Lottery Grant` `HFC Grant` `Connexus Housing Grant` `Garfield Western Grant` `Rank Foundation YY8` `Asda Feeding Communities Grant` `Co Op Grant` `TOTAL FUNDS`	`Incoming` `resources` `£` `60,820` `9,500` `10,000` `2,560` `15,000` `24,750` `600` `3,451`	`Resources` `expended` `£` `(46,816)` `(7,250)` `(10,000)` `(2,560)` `(15,000)` `(24,750)` `(600)` `(3,451)`	`Movement` `in funds` `£` `14,004` `2,250` `-` `-` `-` `-` `-` `-` `2,250` `16,254`
	`65,861` `(63,611)` `126,681` `(110,427)`

`9. RELATED PARTY DISCLOSURES`

Trustee M Groves received remuneration of £12,833 and a pension contribution
of £81 from the charity for their management of projects during the year.

No other trustees received any remuneration.

M Drury made a trustee loan to the charity of £32,865 during the year, £18,470.80
has been repaid. £14,394.20 is still to be repaid.

Page 8

ETHOS-Extending the hand of support

Detailed Statement of Financial Activities
for the Year Ended 30 April 2021

`Detailed Statement of Financial Activities` `for the Year Ended 30 April 2021`
	`30.4.21`	`30.4.20`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Donations`	`18,834`	`4,349`
`Other trading activities`
`Shop income`	`4,266`	`135`
`Rent received`	`9,696`	`-`
	`13,962`	`135`
`Charitable activities`
`Grants`	`89,151`	`250`
`Total incoming resources`	`121,947`	`4,734`
`EXPENDITURE`
`Raising donations and legacies`
`Cost of raising funds`	`-`	`1,254`
`Other trading activities`
`Purchases`	`335`	`-`
`Charitable activities`
`Trustees' salaries`	`12,833`	`-`
`Wages`	`2,226`	`-`
`Trustee pension`	`81`	`-`
`Hire of plant and machinery`	`967`	`-`
`Insurance`	`649`	`-`
`Telephone`	`587`	`-`
`Postage and stationery`	`39`	`-`
`Sundries`	`133`	`-`
`Food larder`	`6,726`	`-`
`Cleaning`	`3,130`	`-`
`Kitchen expenses`	`1,218`	`-`
`Professional fees`	`250`	`-`
`Rent and rates`	`13,682`	`-`
`Staff training`	`74`	`-`
`Fixtures and fittings`	`130`	`-`
`Computer equipment`	`239`	`-`
`Grants to institutions`	`-`	`2,488`
`Grants to individuals`	`-`	`169`
	`42,964`	`2,657`
`Other`
`Building expenses`	`62,617`	`-`
`Support costs`
`Governance costs`
`No description`	`600`	`-`
`Total resources expended`	`106,516`	`3,911`

This page does not form part of the statutory financial statements

Page 9

Net income

15,431

This page does not form part of the statutory financial statements

Page 9