| 3 1: | Page |
|---|---|
| I | |
| • • |
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| . | |
| Charity information | 1 |
| Trustees Annual Report | 1 |
| Statement of directors' responsibilities | 6 |
| Independent Examiner's Report | 7 |
| Funds Statements:− | |
| Statement of Financial Activities | 9 |
| Statement of total recognised gains and losses | 10 |
| Movements in funds | 11 |
| Revenue Funds | 11 |
| Summary of funds | 11 |
| Balance sheet | 13 |
| Notes to the accounts | 14 |
| more fully detailed in the accounts, can be summaris | ed asfollows:− | |
|---|---|---|
| 2021 | 2,020 | |
| 3,492 | 17,914 | |
| Net income | ||
| Unrestricted Revenue Funds available for the general purposes of the charity |
21,406 | 17,914 |
| Total Funds | 21,406 | 17,914 |
| Current year Unrestricted |
Current year Restricted |
Current year Total Funds |
Prior Year Total Funds |
||
|---|---|---|---|---|---|
| SC | Funds | Funds | |||
| 2021 | 2021 | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Income & Endowments from: | |||||
| Donations & Legacies | Al | 10,280 | 8,354 | 18,634 | 9,178 |
| Charitable activities | A2 | 10,004 | 10,004 | 33,605 | |
| Other trading activities | A3 | − | 1,010 | ||
| Investments | A4 | 2 | 2 | 6 | |
| Total income | A | 20,286 | 8,354 | 28,640 | 43,799 |
| Expenditure on: | |||||
| Charitable activities | B2 | 16,794 | 8,354 | 25,148 | 25,885 |
| Total expenditure | B | 16,794 | 8,354 | 25,148 | 25,885 |
| Net income for the year | 3,492 | 3,492 | 17,914 | ||
| Net income after transfers | A−B−C | 3,492 | 3,492 | 17,914 | |
| Net movement in funds | 3,492 | 3,492 | 17,914 | ||
| Reconciliation of funds:− | E | ||||
| Total funds brought forward | 17,914 | 17,914 | |||
| Total funds carried forward | 21 406 | 21,406 | 17,914 | ||
| −−− |
| 2021 | 2020 | 2020 | ||
|---|---|---|---|---|
| Surplus for the year :− | ||||
| Net excess of income over expenditure from operations before tax | 21,406 | 17,914 | ||
| Income from operations before tax in the Statement of Financial Activites | 21,406 | 17,914 | ||
| _ . |
. | _ | _ | |
| Net Movement in funds before taxation | 21,406 | 17,914 | ||
| Funds generated in the year as shown on Statement of Financial Activities | 21,406 | 17,914 |
| Unrestricted | Restricted | Total | Last year | |
|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | |
| 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Accumulated funds brought forward | 17,914 | 17,914 | ||
| Recognised gains and losses | 3,492 | 3,492 | 17,914 | |
| 21,406 | 21,406 | 17,914 | ||
| Closing revenue funds | 21,406 | 21,406 | 17,914 |
| Summary of funds | Unrestricted | Restricted | Total | Last Year |
|---|---|---|---|---|
| and | Funds | Funds | Total Funds | |
| Designated funds | ||||
| 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Revenue accumulated funds | 21,406 | 21,406 | 17,914 | |
| Fixed asset funds | ||||
| Revaluation reserve fund | ||||
| Total funds | 21,406 | 21,406 | 17,914 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Income | ||||
| Income from operations | 28,638 | 43,793 | ||
| Investment income | ||||
| Interest receivable | 2 | 6 | ||
| Gross income in the year before exceptional items | 28,640 | 43,799 | ||
| Gross income in the year including exceptional items | 28,640 | 43,799 | ||
| Expenditure | ||||
| Charitable expenditure, excluding depreciation and amortisation | 25,028 | 25,765 | ||
| Governance costs | 120 | 120 | ||
| Total expenditure in the year | 25,148 | 25,885 | ||
| Net income before tax in the financial year | 3,492 | 17,914 | ||
| Tax on surplus on ordinary activities | ||||
| Net income after tax in the financial year | 3,492 | 17,914 | ||
| Retained surplus for the financial year | 3,492 | 17,914 | ||
| All activities derive from continuing operations |
| SORP | |||||
|---|---|---|---|---|---|
| NotE | Ref | 2021 | 2020 | ||
| Tangible Fixed Assets | 236 | ||||
| Current assets | B | ||||
| Stocks | B1 | 10,051 | 10,380 | ||
| Debtors | 12 | B2 | 387 | ||
| − | |||||
| Cash at bank and in hand | B4 | 13,405 | 8,379 | ||
| Total current assets | 23,456 | 19,146 | |||
| Creditors: amounts falling due within | |||||
| one_year | 13 | C l | (2,286) | (1,232) | |
| Net current assets | 21,170 | 17,914 | |||
| The total net assets of the charity | 21,406 | 17,914 | |||
| **The total net assets of the charity are ** | funded by the | funds of the charity, as follows:− | |||
| Unrestricted Funds | |||||
| Unrestricted Revenue Funds | 17 | D3 | 21,406 | 17,914 | |
| 21,406 | 17,914 | ||||
| Total charity funds | 21,406 | 17,914 |
| . ___ Salary costs |
2021 | 2020 |
|---|---|---|
| Gross Salaries excluding trustees and key management personnel | 4,703 | 12,937 |
| Employer's operating costs of defined contribution pension schemes | 317 | 110 |
| Total salaries, wages and related costs | 5,020 | 13,047 |
| The average number of part time staff employed in the year was | 2 | 2 |
| The estimated full time equivalent number of all staff employed in the year was | 1 | 1 |
| Engaged on charitable activities | 1 | |
|---|---|---|
| The estimated full time equivalent number ofall staff employed as above | 1 | 1 |
| **10 ** | Fixed Assets | 2021 | 2020 | ||
|---|---|---|---|---|---|
| Plant ad Machinery | |||||
| Cost | |||||
| Additions | 236 | ||||
| At 31 March 2021 | 236 | ||||
| Amortisation | |||||
| −−−−− ATIT−MaUh−2021− |
|||||
| Net book value | 236 | ||||
| 11 | Stocks & Work In Progress | 2021 | 2020 | ||
| Stocks before write downs | 10,051 | 10,380 | |||
| 10,051 | 10,380 | ||||
| **12 ** | Debtors | ||||
| 2021 | 2020 | ||||
| Prepayments and accrued income | 387 | ||||
| **13 ** | Creditors: amounts falling due within one year | 2021 | 2020 | ||
| Bank loans and overdrafts | 524 | ||||
| Trade creditors | 114 | 112 | |||
| Accruals | 1,648 | 1,120 | |||
| 2,286 | 1,232 | ||||
| _ | _ | ||||
| **14 ** | Pension commitments | ||||
| **2021 ** | −−− | −2020− | −− | ||
| Pension commitments under defined contribution schemes | |||||
| within one year | 198 | 188 | |||
| 198 | 188 |
| Income and Expenditure account summary | 2021 | 2020 |
| At 1 April 2020 | ||
| Surplus after tax for the year | 3,492 | 17,914 |
| At 31 March 2021 | 3,492 | 17,914 |
| At 31 March 2021 | Unrestricted | Designated | Restricted | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | Funds | ||
| . | |||||
| £ | £ | £ | £ | ||
| Fixed Assets | 236 | 236 | 236 | ||
| Current Assets | 23,456 | 23,456 | |||
| Current Liabilities | (2,286) | − | (2,286) | ||
| 21,406 | 236 | 21,406 |
| Change in total funds over the year as show | n in Note 16 , analy | sed by individ | ual funds | |
|---|---|---|---|---|
| Funds brought | Movement in | Transfers | Funds carried | |
| forward from 2020 |
funds in 2021 | between funds in |
forward to 2022 |
|
| 2021 | ||||
| See Note 18 | ||||
| Unrestricted and designated funds:− | ||||
| Unrestricted Revenue Funds | 7,534 | 3,492 | 11,026 | |
| Total unrestricted and designated funds | 7 534 | 3,492 | 11 026 | |
| Restricted funds:− | ||||
| COVID Job Retention Scheme | 8354 | 8,354 | ||
| Total restricted funds | 8,354 | 8,354 | ||
| Total charity funds | 7,534 | 11,846 | 19,380 |
| Other | ||||
|---|---|---|---|---|
| Income | Expenditure | Gains & | Movement | |
| Losses | in funds | |||
| 2021 | 2021 | 2021 | 2021 | |
| E | E | E | £ | |
| Unrestricted and designated funds:− | ||||
| Unrestricted Revenue Funds | 20,286 | (16,794) | 3,492 | |
| Restricted funds:− | ||||
| COVID Job Retention Scheme | 8354 | (8,354) | ||
| 28,640 | (25,148) | 3,492 |
| Donations, Grants and Legacies | Donations, Grants and Legacies | |||||
|---|---|---|---|---|---|---|
| Current year | Current year | Current year | Prior Year | |||
| Unrestricted | Restricted | **Total ** | Funds | Total Funds | ||
| Funds | Funds | |||||
| 2021 | 2021 | 2021 | 2020 | |||
| Donations and gifts from individuals | 5,930 | 5,930 | 3,117 | |||
| Total donations and gifts from individual | 5,930 | 5,930 | 3,117 | |||
| Current year | Current year | Current year | Prior Year | |||
| Unrestricted | Restricted | **Total ** | Funds | Total Funds | ||
| Funds | Funds | |||||
| 2021 | 2021 | 2021 | 2020 | |||
| Revenue grants from government and public bodies | ||||||
| Covid Job Retention Scheme from HM Government |
8,354 | 8,354 | ||||
| Hinckley & Bosworth Borough Council | 4,350 | 4,350 | ||||
| Total public sector revenue grants | 4,350 | 8,354 | 12,704 | |||
| Current year | Current year | Current year | Prior Year | |||
| Unrestricted | Restricted | **Total ** | Funds | Total Funds | ||
| Funds | Funds | |||||
| 2021 | 2021 | 2021 | 2020 | |||
| Revenue grants and donations from non public | ||||||
| bodies | ||||||
| The Vine Trust | 6,061 | |||||
| Total private sector revenue grants | 6,061 | |||||
| The previously unincorporated charity, The Vine Trust, donated | all its funds to this charity upon | the | ||||
| formation of the Charitable Incorporated Organisation. The amount donated represents the bank | ||||||
| balances of the former charity, less expenses relating to the former charity paid by this charity. | ||||||
| Total Donations, Grants and Al Legacies |
10,280 | 8,354 | 18,634 | 9,178 |
| Current year | Current year | Current year | Current year | Prior Year |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total funds | |
| Funds | Funds | |||
| 2021 | 2021 | 2021 | 2020 | |
| Primary purpose and ancillary trading | ||||
| Sale of goods and services in accordan | 10,004 | 10,004 | 33,605 | |
| Total Primary purpose and ancillary trading | 10,004 | 10,004 | 33,605 |
| Current year | Current year | Current year | Prior Year | ||
|---|---|---|---|---|---|
| Current year | Unrestricted Funds |
Restricted Funds |
Total Funds | Total Funds | |
| 2021 | 2021 | 2021 | 2020 | ||
| Total income from charitable trading | 10,004 | 10,004 | 33,605 | ||
| Total from charitable activities | A2 | 10,004 | 10,004 | 33,605 |
| Incomeirdrn−Alternativity' events„ | −−−−−−− | 1,010 | |||||
|---|---|---|---|---|---|---|---|
| Total from other activities | − | 1,010 | |||||
| **25 ** | Investment income | ||||||
| Current year | Current year | Current−year−−−−−−Prlor_Y_ear | |||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
| Funds | Funds | ||||||
| 2021 | 2021 | 2021 | 2020 | ||||
| Bank Interest Receivable | 2 | 2 | 6 | ||||
| Total investment income | A4 | 2 | 2 | 6 |
| Current year | Current year | Current year | Prior Year | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Current Year | Funds | Funds | ||
| 2021 | 2021 | 2021 | 2020 | |
| Gross wages and salaries −charitable a | 4,703 | 8,354 | 13,057 | 12,937 |
| Employers' NI −Charitable activities | 105 | 105 | ||
| Defined contribution pension costs −charitable | 317 | 317 | 110 | |
| activities | ||||
| Total direct spending B2a |
5,125 | 8,354 | 13,479 | 13,047 |
| Current year | Current year | **Current ** | year | Prior Year | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Current Year | Funds | Funds | ||||
| 2021 | 2021 | 2021 | 2020 | |||
| £ | £ | £ | £ | |||
| Cost of goods for primary purpose | trading | 8,012 | 8,012 | 7,486 | ||
| 75 | 75 | 248 | ||||
| Music licences | ||||||
| Total charitable trading costs | B2b | 8,087 | 8,087 | 7,734 |
| Current year | Current year | Current year | Prior Year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Current Year | Funds | Funds | |||
| 2021 | 2021 | 2021 | 2020 | ||
| Grants made to organisations | 44 | ||||
| Total grantmaking costs | B2c | 44 |
| Support costs for charitable activities | ||||||
|---|---|---|---|---|---|---|
| **Current ** | year | Current year | **Current ** | year | Prior Year | |
| Unrestricted | Restricted | Total Funds | ||||
| Current Year | Funds | Funds | Total Funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Employee costs not included in direct costs | ||||||
| Training and welfare −staff | 41 | |||||
| Premises Expenses | ||||||
| Rent payable under operating leases | 1,400 | 1,400 | 2,450 | |||
| Cleaning and waste management | 23 | 23 | 137 | |||
| Premises repairs, renewals and mainter | 60 | |||||
| Administrative overheads | ||||||
| Telephone, fax and internet | 468 | 468 | 154 | |||
| Postage | 20 | − | 20 | 111 | ||
| Stationery and printing | 12 | − | 12 | 135 | ||
| Web site costs | 101 | − | 101 | 86 | ||
| Membership subscriptions | 150 | − | 150 | 160 | ||
| Equipment expenses | 168 | 168 | 59 | |||
| Health and safety costs | 9 | |||||
| Liabilty and contents insurance | 309 | 309 | ||||
| Sundry expenses | 81 | − | 81 | 64 |
| As detailed in Note 30 | 408 | 408 | 408 | |
|---|---|---|---|---|
| Professional−fees−paid−taadvisors−other−than−the−auditor−or−examiner | ||||
| Accountancy fees other than examination or audit fees |
1,000 | |||
| _ | ||||
| Financial costs | ||||
| Bank charges | 322 | 322 | 66 | |
| Support costs before reallocation | 3,462 | 3,462 | 4,940 | |
| Total support costs −Current Year | 3,462 | 3,462 | 4,940 |
| **Current ** | year | Current year | Current year | Prior Year | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Current Year | Funds | Funds | Total Funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Independent Examiner's fees | 120 | 120 | 120_ | ||
| Total Governance costs | 120 | 120 | 120 |
| Current year | Current year | Current year | Prior Year | Prior Year | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | Total Funds | ||||
| 2021 | 2021 | 2021 | 2020 | |||
| Fees paid to the examiner's firm | 408 | 408 | 408 | |||
| Total additional fees included in support costs at Note 29 |
408 | 408 | 408 | |||
| Total Charitable expenditure | ||||||
| Current year | Current year | Current year | Prior Year | |||
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Current Year | Funds | Funds | ||||
| 2021 | 2021 | 2021 | • | 2,020 | ||
| Total direct spending | B2a | 5,125 | 8,354 | 13,479 | 13,047 | |
| Total charitable trading costs | B2b | 8,087 | − | 8,087 | 7,734 | |
| Total grantmaking costs | B2c | − | 44 | |||
| Total support costs | B2d | 3,462 | 3,462 | 4,940 | ||
| Total Governance costs | B2e | 120 | 120 | 120 | ||
| Total charitable expenditure | B2 | 16,794 | 8,354 | 25,148 | 25,885 |