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2021-03-31-accounts
CONTENTS Page
Trustees'
Annual
Report		 1 —8
Independent
Examiner's		 Report
Statement ofFinancial Activities 10
Balance Sheet
Statement ofCash Flows 12
Notes to the Accounts 13 —29

2021 2020
Restricted Unrestricted Restated
Funds Funds Total Total
Note
Income and endowments from:
Donations
and legacies		 25,000 128,437 153,437 78,152
Charitable
activities		 499,121 40,343 539,464 648,188
Other trading activities
Other trading
incoine		 923 923 1,348
Total income and endowments 524,121 169,703 693,824 727,688
Expenditure
on:
Charitable
activities		 6,7 570,595 5,292 575,887 585,956
Raising funds 3,285 56 3,341 1,753
Total expenditure 573,880 5,348 579,228 587,709
Net income/(expenditure) before transfers (49,759) 164,355 114,596 139,979
Transfer between
funds		 49,533 (49,533)
Net movement
in funds		 (226) 114,822 114,596 139,979
Reconciliation
offunds:
Total funds brought
forward		 54,678 378,530 433,208 293,229
Total funds carried forward 54,452 493,352 547,804 433,208

2021 2020
Note
Cash flow from operating
activities		 20 235,567 38,871
Cash flow from investing activities
Payments
to acquire intangible
assets		 2,451 8,655
Payments
to acquire tangible
assets		 8,100 6,900
10,551 15,555
Net increase/(decrease) in cash equivalents 225,016 23,316
Cash and cash equivalents at start ofApril 2020 78,307 54,991
Cash and cash equivalents at end ofMarch 2021 303,323 78,307
Cash and cash equivalent consists of:
Cash at bank and in hand 303,323 78,307

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2021 2020
Accountancy and payroll 2,352 890
Independent Examination 2,200 2, 100
Human
resources		 3,280
Legal 1,912 4,775
Trustee travel expenses 160
General 5,013
14,757 7,925
Net Income for the Year
2021 2020
Net income for the year is stated after charging or crediting:
Depreciation on tangible fixed assets 5,935 5,602
Amortisation ofintangible fixed assets 3,581 288
Independent Examination 2,200 2,100
Operating
lease rentals		 1,296 1,648
Emoluments ofEmployees
The average monthly
number ofemployees		 and full-time equivalent (FTE)was:
2021 2020
Next Steps
Recovery College
European Projects
Training
General
18
The cost ofthe employees was:
2021 2020
Wages and salaries 337,600 342,940
Social security costs 23,251 24,762
Pension contributions 6,346 6,219
Non payroll human
resource		 costs 18,850
386,047 373,921

Website Total
Cost
As at 1 April 2020 6,900 6,900
Additions 8,100 8,100
Disposals
As at 31 March 2021 15,000 15,000
Amortisation
As at 1 April 2020 (288) (288)
Additions (3,581) (3,581)
Disposals
As at 31March 2021 (3,869) (3,869)
Net BookValue
As at 31 March 2021 11,131 11,131
As at 31March 2020 6,612 6,612
Tangible Fixed Assets
Freehold Other Total
Land and Equipment
Buildings
Cost
As at 1 April 2020 213,301 65,383 278,684
Additions 2,451 2,451
Disposals
As at 31 March 2021 213,301 67,834 281,135
Depreciation
As at 1 April 2020 (51,851) (50,226) (102,077)
Charge for the year (3,375) (2,560) (5,935)
Eliminated
on disposals
As at 31March 2021		 (55,226) ~52,786) (108,012)
Net Book Value
As at 31March 2021 158,075 15,048 173,123
As at 31 March 2020 161,450 15,157 176,607
2021 2020
119,355 187,860
5,005 3,431
14,105 7,421
138,465 198,712

Original deferred income
Prior period error adjustment per note 19
Revised deferred income for 2020
2021 2020
5,151 2,411
6,557 7,213
7,756 3,648
56,293 9,078
2,481 4,680
78,238 27,030
31,572
(22,494)
9,078

2021 2020
Combined
As at 1 April 2020 31,572 33,991
Additions during
the year		 56,293 9,078
Amounts released to income (31,572) (33,991)
As at 31 March 2021 56,293 9,078

Balance Balance
At 1April Transfer Transfer At 31March
2020 Income Expenditure In Out 2021
Restricted funds
EUProjects
PONToon (Interreg Channel) 62,361 58,697 3,664
COBALT (Erasmus+) 8,832 4,200 13,032
PATH (Interreg 2 Seas) 961 14,314 58,658 43,383
DAUPR (Erasmus+) 1,938 1,938
TRAFFIR (Erasmus+) 7,202 74,296 67,304 20 14,214
PAFYP (Erasmus+) 5,256 47,285 45,893 6,648
SPEED-You-UP (Interreg 2 Seas) 35,907 56,830 20,923
HAIRE (Interreg 2 Seas) 21,056 31,716 10,660
Non EUProjects
Recovery College (Plymouth
City Council) 114,303 98,318 15,985
Next Steps (National Lottery) 21,967 92,922 92,130 22,759
Website development (Lloyds
Bank Foundation 7,440 7,440
Development
Fund (National		 Mind) 19,599 19,599
VCSE Wellbeing (Plymouth City
Council) 5,000 833 4,167
Covid 19Emergency (National
Lottery) 25,000 25,000
Other 3,020 5,940 3,932 2,028 3,000
54,678 524,121 573,880 74,986 25,453 54,452
Unrestricted
Funds
General
fund		 110,311 169,703 5,348 45,568 229,098
Designated
Funds
Salary costs 20,000 20,000
Digital costs 5,000 5,000
Building refurbishment 25,000 25,000
EUprojects 30,000 30,000
Redundancy
costs		 30,000 30,000
Capital fund 183,219 1,035 184,254
378,530 169,703 5,348 26,035 75,568 493,352
Total 433,208 693,824 579,228 101,021 101,021 547,804