| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 |
| Report ofthe Independent Auditors |
8 | to | 8 |
| Statement of Financial Activities | |||
| Balance Sheet | 10 | ||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 21 |
| Detailed Statement ofFinancial Activities | 22 | to | 23 |
| Year ending 30June 2022 | ||
|---|---|---|
| Restricted Funds: | ||
| Household Support Fund 1 |
The carry over ofunspent monies affer taking the 10'/o admin fee. The balance will be spent over the next 2/3 months |
F41,363 |
| Household Support Fund 2 |
This has only just commenced so afi ofthe unspent funds received in advance to be carried forward |
f180,964 |
| National Grid Warm Homes extension match funding |
Carry forward ofunspent funds towards staffing costs |
Et0,665 |
| Plymouth Net Zero Partnership PCC have paid in advance for the secondment of Dan Godfrey as Project Manager |
Et6,004 | |
| Redress 21-23CSE | Carry forward offunds for staffing costs still to be incurred | 625,159 |
| Redress 2021 Warm Homes | Staffing costs In current year under target due to multiple funding streams. Carry forward ofsurplus for new year staffin costs |
f70,746 |
| Redress 2020 FOOD | Staffing costs in current year under target due to multiple funding streams. Carry forward ofsurplus towards staffing costs |
F79,895 |
| Big Lottery Warm and Well 2 | Income paid In advance up to 31 August 2022 |
632,419 |
| Winter fund grant | Net book vaiue ofassets being used in sustainable warm project |
66,991 |
| Sail GP | Income paid in advance for future costs ofsolar panel installations |
618,200 |
| Total Restricted Funde | 6482,408 | |
| Designated Funds: |
||
| Redundancy cost provision, a that PCC staff were deployed |
provision set aside in the event ofstatfing redundancies, from the time solely on PEC activities |
636,000 |
| Provision for costs to be incurred in respect ofbecoming an employer and TUPE transfer. We have reviewed the costs incurred during 2021/2022 and estimated those remaining. The majority ofthis provision wfil be transferred to PEC MS once the new subsidiary Is in a position to commission services directly |
f19,500 | |
| Future major event TUPE transfen Provision for post transfer ongoing liabfiities such as pension costs. PEC and Plymouth City Council are in the early stages ofdiscussing and formalising the TUPE transfer ofstaff. Although full details ofadditional future potential fiabfiltles are not yet known, It is prudent to set aside provision for pension costs. The provision will be transferred to PEC MS at the point oftransfer |
620,000 |
| INCOME AND ENDOWMENTS Donations and legacies Charitable activities |
FROM | Notes 2 |
Unrestricted funds 63,379 |
Restricted funds |
30.6.22 Total funds 6 63,378 |
30.6.21 Total funds 12,700 |
|---|---|---|---|---|---|---|
| Sustainable development |
||||||
| Total | 190,780 | 1,830,668 | 2,021,448 | 1,247,312 | ||
| 264,159 | 'I,830,667 | 2,084,826 | 1,260,012 | |||
| EXPENDITURE ON | ||||||
| Raising funds | ||||||
| 786 | ||||||
| Charitable activities |
785 | 385 | ||||
| Sustainable development |
||||||
| Total | 36,858 | 1,480,579 | 1,517,437 | 1,086,845 | ||
| 37,643 | 1,480,579 | 1,518,222 | 1,087,230 | |||
| NET INCOME | ||||||
| Transfers between funds Net movement In funds |
16 | 216,516 (3,666) |
350,088 3,666 |
566,604 | 172,782 | |
| RECONCILIATION OF FUNDS |
212,850 | 353,754 | 566,604 | 172,782 | ||
| Total funds brought forward |
||||||
| 294,758 | 128,651 | 423,409 | 250,627 | |||
| TOTAL FUNDS CARRIED FORWARD | ||||||
| 5O7,6O8 | 482,405 | 990,013 | 423,409 |
| FIXEDASSETS Tangible assets Investments |
Notes 12 13 |
Unrestricted funds 896 1 |
Restricted funds 6,991 |
30.6.22 Total funds 6 7,887 1 |
30.6.21 Total funds 6 |
|---|---|---|---|---|---|
| CURRENT ASSETS | 897 | 6,991 | 7,888 | ||
| Debtors Cash at bank |
14 | 214,910 352,833 |
191,694 382,102 |
406,604 734,935 |
210,364 296,545 |
| CREDITORS | 567,743 | 573,796 | 'l,141,539 | 506,909 | |
| Amounts falling due within one year |
15 | (61,032) | (98,382) | ('I59,414) | (83,500) |
| NET CURRENT ASSETS | 606,711 | 475,414 | 982,125 | 423,409 | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 507,608 | 482,405 | 990,013 | 423,409 | |
| NET ASSETS | |||||
| FUNDS | 507,608 | 482,405 | 990,013 | 423,409 | |
| Unrestricted funds |
16 | ||||
| Restricted funds | 507,608 | 294,758 | |||
| TOTAL FUNDS | 482,405 | 128,651 | |||
| 990,013 | 423,409 |
| T | ~ah Ya |
I ~wS 8(ttgtee( u e |
|||
|---|---|---|---|---|---|
| Cash flows from operating activities Cash generated from operations Net cash provided by operating activities Notes |
30.6.22 448,891 448,891 |
30.6.21 f 35,788 35,788 |
|||
| Cash flows from investing activities Purchase oftangible fixed assets |
|||||
| Purchase offixed asset investments | (10,500) | ||||
| (1) | |||||
| Net cash (used in)/provided by investing |
activities | (10,501) | |||
| Change in cash and cash equivalents the reporting period Cash and cash equivalents at the beginning ofthe reporting period Cash and cash equivalents at the end the reporting period |
in of |
438,390 296,545 734,936 |
35,788 260,757 296,545 |
| e to h Flow en Th Y nded 2022 |
||||
|---|---|---|---|---|
| RECONCILIATION | OF NET | INCOME TO NET CASH FLOW FROM OPERATING | ACTIVITIES | |
| 30.6.22 5 |
30.8.21 f |
|||
| Net Income for the | reporting | period (ae per the Statement of Financial | ||
| Activities) Ad)ustments for: |
566,604 | 172,782 | ||
| Depreciation charges |
2,613 | |||
| Increase in debtors Increase in creditors |
(196,240) 75,914 |
(188,829) 49,835 |
||
| Net cash provided | by operations | 448,891 | 35,788 |
| 2. | ANALYSIS OF CHANGES | IN NET FUNDS | |||
|---|---|---|---|---|---|
| At 1.7.21 f |
Cash flow 8 |
At 30.6.22 6 |
|||
| Net cash | |||||
| Cash at bank | 296,545 | 438,390 | 734,935 | ||
| 296,645 | 438,390 | 734,935 | |||
| Total | 296,545 | 438,390 | 734,935 |
| DONATIONS AND LEGA |
CI | ES | ||||
|---|---|---|---|---|---|---|
| 30.6.22 | 30.5.21 | |||||
| Donations | 63,378 | 12,897 | ||||
| Grants | 3 | |||||
| 63,378 | 12,700 | |||||
| Grants received, included | in | the above, are | as follows: | |||
| 30.6.22 | 30.8.21 | |||||
| 5 | f | |||||
| Other grants | 3 | |||||
| INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 30.6.22 | 30.5.21 | |||||
| Activity | 6 | E | ||||
| Grants | Sustainable | development | 1,812,468 | 1,083,319 | ||
| Other grant income Contract income |
Sustainable Sustainable |
development development |
13,735 195,245 |
5,235 158,758 |
||
| 2,021,448 | 1,247,312 | |||||
| Grants received, included |
in | the above, are | as follows: | |||
| 30.6.22 | 30.8.21 | |||||
| f | ||||||
| Homes England | 90,000 | |||||
| Plymouth City Council - Solar Panel Installation Plymouth City Council - Warm Homes Fund |
7,658 | 22,578 89,179 |
||||
| Energy Saving Trust - Redress Power To Change Trust Plymouth City Council - Winter |
Grant Fund | 558,340 42,369 |
249,170 31,682 290,000 |
|||
| The National Lottery Community Fund- |
||||||
| RC South West Region | 55,115 | |||||
| Plymouth City Council - Green |
Homes Grant | 66,758 | 183,384 | |||
| Plymouth City Council - Covid local support |
18,588 | |||||
| MCS Charitable Foundation |
20,000 | 10,000 | ||||
| Crowdfunder - Moth to a flame |
43,627 | |||||
| Eligibility Webtool | 22,500 | |||||
| Household Support Fund |
746,831 | |||||
| MEES Landlord Project |
71,582 | |||||
| Nat Grid Warm Homes | 66,000 | |||||
| Plymouth Net Zero Partnership |
24,960 | |||||
| Sustainable Warm (formerly |
LAD3) | 100,224 | ||||
| Warm and Well 2 (from Big Lottery) | 85,246 | |||||
| 1,812,468 | 1,083,319 |
| Raisingdo | nations | and legacies | ||||||
|---|---|---|---|---|---|---|---|---|
| 30.6.22 f |
30.8.21 f |
|||||||
| Support costs | 785 | 385 | ||||||
| CHARITABLE ACTIVITIES COSTS | ||||||||
| Support | ||||||||
| Direct | costs (see | |||||||
| Costs f. |
note 8) f |
Totalsf | ||||||
| Sustainable | development | 1,439,696 | 77,741 | 1,517,437 | ||||
| SUPPORT | COSTS | |||||||
| Governance | ||||||||
| Management f |
Finance f |
Other f |
costs f |
Totals f |
||||
| Raising donations and legacies Sustainable development |
700 69,307 |
56 | 27 2,586 |
58 5,792 |
785 77,741 |
|||
| 70,007 | 56 | 2,613 | 5,850 | 78,526 |
| Net inco | me/(e | xpenditure) is stated after charging/(crediting |
): | |
|---|---|---|---|---|
| 30.6.22 f |
30.8.21 f. |
|||
| Auditors' | remuneration | 1,900 | 1,900 | |
| Depreciation | -owned assets | 2,613 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds f |
funds f |
funds | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations | and legacies | 12,700 | 12,700 | ||
| Charitable Sustainable |
activities development |
182,579 | 1,084,733 | 1,247,312 | |
| Total | 195,279 | 1,084,733 | 1,280,012 | ||
| EXPENDITURE ON | |||||
| Raising funds | 385 | 385 | |||
| Charitable Sustainable |
activities development |
57,480 | 1,029,385 | 1,088,845 | |
| Total | 57,885 | 1,029,385 | 1,087,230 |
| TANGIBLE FIXEDAS | SE | TS | ||||
|---|---|---|---|---|---|---|
| Plant and | Motor | |||||
| machinery | vehicles 6 |
Totals 6 |
||||
| COST | ||||||
| Additions | 9,500 | 1,000 | 10,500 | |||
| DEPRECIATION | ||||||
| Charge for year | 2,609 | 104 | 2,613 | |||
| NET BOOK VALUE | ||||||
| At 30June 2022 | 6,991 | 896 | 7,887 | |||
| At 30June 2021 | ||||||
| FIXEDASSET INVESTMENTS | ||||||
| Shares | in | |||||
| group | ||||||
| undertakings | ||||||
| 5 | ||||||
| MARKET VALUE | ||||||
| Additions | ||||||
| NET BOOK VALUE | ||||||
| At 30June 2022 | ||||||
| At 30June 2021 | ||||||
| There were no investment | assets outside the UK. | |||||
| DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 30.6.22 | 30.6.21 | |||||
| 8 | ||||||
| Trade debtors | 267,567 | 181,901 | ||||
| Other debtors | 11,578 | 8,163 | ||||
| VAT | 63,428 | 15,888 | ||||
| Accrued income | 70,760 | |||||
| Prepayments | 3,271 | 6,412 | ||||
| 406,604 | 210,364 |
| 16. | CREDITORS: AMOUNTS FALUNG DUE |
WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| Trade creditors Other creditors |
30.6.22 f 120,601 |
30.6.21 f 22,564 |
|||
| Accruals and deferred income |
1 38,812 |
60,936 | |||
| 159,414 | 83,500 | ||||
| 16. | MOVEMENT IN FUNDS |
||||
| Net | Transfers | ||||
| Unrestricted funds |
At 1.7.21 f |
movement in funds f |
between funds |
At 30.6.22 f |
|
| General fund Redundancy cost provision General overhead provision Management support cost provision Future TUPE transfer |
'I42,258 17,000 10,000 80,500 45,000 |
216,516 | 73,334 19,000 (10,000) (80,500) (5,500) |
432,108 36,000 39,500 |
|
| Restricted funds | 294,758 | 216,516 | (3,666) | 507,608 | |
| Homes England Solar Panel Installation Cohesive Communities Fund Redress Power To Change Winter Grant Fund Green Homes Grant MCS Chartiabie Foundation Moths to a Flame Household Support Fund Nat Grid warm homes ext Plymouth Net Zero Warm and Well 2 (from Big Lottery) Sail GP |
19,108 3,315 41,724 25,180 5,510 10,000 23,814 |
(592) (19,108) (3,315) 133,252 (25,180) (4,688) 6,991 (10,000) (26,888) 222,328 10,665 16,004 32,419 18,200 |
592 822 (822) 3,074 |
175,798 6,991 222,328 10,665 16,004 32,419 'I8,200 |
|
| 128,651 | 350,088 | 3,666 | 482,405 | ||
| TOTAL FUNDS | 423,409 | 566,604 | 990,013 |
| Net movement in funds, inc |
lu | ded In the ab |
ove are as follows: | |||
|---|---|---|---|---|---|---|
| Incoming | Resources | Movement | ||||
| Unrestricted funds |
resources f |
expended 6 |
in funds | |||
| General fund | 254,169 | (37,643) | 216,516 | |||
| Restricted funds | ||||||
| Homes England Solar Panel Installation Cohesive Communities Fund Redress Power To Change Winter Grant Fund Green Homes Grant MCS Chartlable Foundation Moths to a Flame Eligibility Webtool Household Support Fund Mess Landlord project Nat Grid warm homes ext Plymouth Net Zero Sustainable Warm (formerly LAD3) Warm and Well 2 (from Big Lottery) Sail GP |
7,658 558,339 42,369 66,758 20,000 22,500 746,831 71,582 86,000 24,960 100,224 85,246 18,200 |
(592) (26,766) (3,315) (425,087) (67,549) (4,688) (59,767) (30,000) (26,888) (22,500) (524,503) (71,582) (55,335) (8,956) (100,224) (52,827) |
(592) (19,108) (3,315) 133,252 (25,180) (4,688) 6,991 (10,000) (26,888) 222,328 10,665 16,004 32,419 'I8,200 |
|||
| 1,830,667 | (1,480,579) | 350,088 | ||||
| TOTAL FUNDS | 2,084,826 | (1,518,222) | 566,604 | |||
| Comparatlves for movement |
In funds | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| Unrestricted funds |
At 1.7.20 f |
in funds 6 |
funds f |
30.6.21 f |
||
| General fund Redundancy cost provision General overhead provision Management support cost provision Future TUPE transfer |
66,368 15,000 10,000 65,974 |
137,418 | (81,526) 2,000 14,525 45,000 |
142,258 17,000 10,000 80,500 45,000 |
||
| Restricted funds | 157,342 | 137,416 | 294,758 | |||
| Homes England Solar Panel Installation Groundwork UK Warm Homes Fund Cohesive Communities Fund Redress Power To Change Winter Grant Fund MCS Chartiable Foundation Moths to a Flame |
1,915 25,000 9,700 21,943 11,702 12,188 10,837 |
(1,915) (5,892) (9,700) (21,943) (8,387) 29,536 14,342 5,511 10,000 23,814 |
19,108 3,315 41,724 25,179 5,511 10,000 23,814 |
|||
| 93,285 | 35,3BB | 128,851 | ||||
| TOTAL FUNDS | 250,627 | 172,782 | 423,409 |
| Comparative net move |
men | t | in f | unds, included in th |
e above ar | e as follows: | ||
|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Movement | ||||||
| resources f |
expended f |
in funds f |
||||||
| Unrestricted funds |
||||||||
| General fund |
195,279 | (57,863) | 137,416 | |||||
| Restricted funda | ||||||||
| Homes England | 90,000 | (91,915) | (1,915) | |||||
| Solar Panel Installation | 22,576 | (28,468) | (5,892) | |||||
| Groundwork UK |
(9,700) | (9,700) | ||||||
| Warm Homes Fund | 89,177 | (111,120) | (21,943) | |||||
| Cohesive Communities Redress |
Fund | 249,170 | (8,387) (219,634) |
(8,387) 29,538 |
||||
| Power To Change Winter Grant Fund |
31,682 290,000 |
(17,340) (284,489) |
14,342 5,511 |
|||||
| The National Lottery Community |
Fund | 55,115 | (55,115) | |||||
| Green Homes Grant | 183,385 | (183,385) | ||||||
| MCS Chartiable Foundation |
10,000 | 10,000 | ||||||
| Moths to a Flame | 43,628 | (19,814) | 23,814 | |||||
| 1,064,733 | (1,029,367) | 35,386 | ||||||
| TOTALFUNDS | 1,260,012 | (1,087,230) | 172,782 | |||||
| A current year 12months | and prior year 12months | combined | position is as follows: |
|||||
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1.7.20 f |
In funds f |
funds f |
30.6.22 f |
|||||
| Unrestricted funds |
||||||||
| General fund |
66,368 | 353,932 | 11,808 | 432,108 | ||||
| Redundancy cost provision |
15,000 | 21,000 | 36,000 | |||||
| General overhead provision |
10,000 | (10,000) | ||||||
| Management support cost Future TUPE transfer |
provision | 85,974 | (65,974) 39,500 |
39,500 | ||||
| 157,342 | 353,932 | (3,666) | 507,808 | |||||
| Restricted funds | ||||||||
| Homes England | 1,915 | (2,507) | 592 | |||||
| Solar Panel installation | 25,000 | (25,000) | ||||||
| Groundwork UK |
9,700 | (9,700) | ||||||
| Warm Homes Fund | 21,943 | (21,943) | ||||||
| Cohesive Communities | Fund | 11,702 | (11,702) | |||||
| Redress | 12,188 | 162,788 | 175,798 | |||||
| Power To Change | 10,837 | (10,838) | (1) | |||||
| Winter Grant Fund | 823 | (822) | 1 | |||||
| Green Homes Grant | 6,991 | 8,991 | ||||||
| Moths to a Flame | (3,074) | 3,074 | ||||||
| Household Support Fund Nat Grid warm homes ext |
222,328 10,865 |
222,328 10,665 |
||||||
| Plymouth Net Zero Warm and Well 2 (from Sall GP |
Big | I ottery) | 16,004 32,419 18,200 |
16,004 32,419 18,200 |
||||
| 93,285 | 385,454 | 3,668 | 482,405 | |||||
| TOTAL FUNDS | 250,627 | 739,386 | 990,013 |
as follows: |
, | ||||||
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||||
| resources f. |
expended f. |
In funds f |
|||||
| Unrestricted funds |
|||||||
| General fund | 449,438 | (95,506) | 353,932 | ||||
| Restricted funds | |||||||
| Homes England | 90,000 | (92,507) | (2,507) | ||||
| Solar Panel installation | 30,234 | (55,234) | (25,000) | ||||
| Groundwork UK |
(9,700) | (9,700) | |||||
| Warm Homes Fund | 89,177 | (111,120) | (21,943) | ||||
| Cohesive Communities | Fund | (11,702) | (11,702) | ||||
| Redress | 807,509 | (644,721) | 162,788 | ||||
| Power To Change | 74,051 | (84,889) | (10,838) | ||||
| Winter Grant Fund | 290,000 | (289,177) | 823 | ||||
| The National Lottery |
Community | Fund | 55,115 | (55,115) | |||
| Green Homes Grant | 250,143 | (243,152) | 8,991 | ||||
| MCS Chartlable Foundation |
30,000 | (30,000) | |||||
| Moths to a Flame | 43,628 | (46,702) | (3,074) | ||||
| Eligibility Webtool | 22,500 | (22,500) | |||||
| Household Support |
Fund | 746,831 | (524,503) | 222,328 | |||
| Mess Landlord project |
71,582 | (71,582) | |||||
| Nat Grid warm homes ext | 68,000 | (55,335) | 10,665 | ||||
| Plymouth Nst Zero |
24,960 | (8,958) | 16,004 | ||||
| Sustainable Warm (formerly |
LAD3) | 100,224 | (100,224) | ||||
| Warm and Well 2 (from | Big Lottery) | 85,246 | (52,827) | 32,419 | |||
| Sail GP | 18,200 | 18,200 | |||||
| 2,895,400 | (2,509,946) | 385,454 | |||||
| TOTAL FUNDS | 3,344,838 | (2,605,452) | 739,388 |
| ~ | Pr | t | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| tal | te | n of | cia | itic | ||||||
| or | ear | d 30 | n | 2 | ||||||
| 30.6.22 f |
30.6.21 5 |
|||||||||
| INCOME AND ENDOWMENTS | ||||||||||
| Donations and legacies Donations Grants |
63,378 | 12,897 3 |
||||||||
| 63,378 | 12,700 | |||||||||
| Charitable activities Grants Other grant income Contract Income |
1,812,468 13,735 195,245 |
1,083,319 5,235 158,758 |
||||||||
| 2,021,448 | 1,247,312 | |||||||||
| Total incoming resources | 2,084,826 | 1,280,012 | ||||||||
| EXPENDITURE | ||||||||||
| Charitable activities Subcontractors Consulting Crisis and repair Management recharges Legal fees Supply & installation Fuel vouchers Agency staff White goods Gas safety repairs Credit customer payments Grants to other organlsations Workshops |
164,848 176,606 34,319 312,891 64,737 36 183,924 196,271 82,486 24,606 163,232 17,573 28,167 |
194,274 63,043 B,«8 452,138 82,758 4,893 35,094 1,820 74,653 28,296 77,438 9,700 18,854 |
||||||||
| 1,439,696 | 1,048,879 | |||||||||
| Support costs | ||||||||||
| Management Insurance Telephone Postage and stationery Advertising Subscrlptions Vehide lease IT software and consumebles Staff training Sundry Donations Enterlalnment Rent |
5,405 1,324 247 8,071 1,644 1,922 40,308 6,104 849 4,133 |
4,528 577 237 10,282 1,585 100 6,497 3,224 405 2,400 314 2,190 |
||||||||
| 70,007 | 32,417 | |||||||||
| Finance Bank charges |
56 | 59 |
| t ment of F | ||||||
|---|---|---|---|---|---|---|
| h | Year Ended | |||||
| 30.6.22 f |
30.6.21 f |
|||||
| Finance | ||||||
| Other | ||||||
| Motor vehicles | 104 | |||||
| Computer | equipment | 2,509 | ||||
| 2,613 | ||||||
| Governance | costs | |||||
| Auditors' | remuneration | 1,900 | 1,900 | |||
| Accountancy | fees | 3,950 | 3,975 | |||
| 5,850 | 5,875 | |||||
| Total resources | expended | 1,518,222 | 1,087,230 | |||
| Net Income | 566,604 | 172,782 |