OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Registered number: 00533714 Charity number: 214212

MOSAIC 1898 LTD (formerly Mosaic: Shaping Disability Services) (A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

MOSAIC 1898 LTD

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 10
Independent auditors' report 11 - 13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 35

MOSAIC 1898 LTD

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees Deborah Southwick, Chair
Steve Smith, Treasurer
Warwick Best, Co Vice Chair
Nicolas Ellis
Salma Kaji
Karen Cane, Co Vice Chair
Mary Smith
Company registered
number 00533714
Charity registered
number 214212
Registered office 2 Oak Spinney Park
Ratby Lane
Leicester Forest East
Leicester
LE3 3AW
Company secretary Steve Smith
Chief executive officer Zoheb Shariff
Independent auditors Magma Audit LLP
Chartered Accountants
Unit 2, Charnwood Edge Business Park
Syston Road
Cossington
Leicestershire
LE7 4UZ
Bankers Bank of Scotland
14 Friar Lane
Leicester
LE1 5RA
COIF Charities Deposit Fund
80 Cheapside
London
EC2V 6DZ
National Westminster Bank Plc
7 Hinckley Road
Leicester
LE3 0TQ
Investment advisors Brewin Dolphin
Two Colton Square
Leicester
LE1 1QF
M&G Charity Department
PO Box 9038
Chelmsford
CM99 2XF

Page 1

MOSAIC 1898 LTD

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees have pleasure in presenting their annual report together with the audited financial statements for the year ended 31 March 2021. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued in October 2019).

Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

Chairperson’s Summary

The emergence of the coronavirus pandemic in March 2020 has inevitably overshadowed our work and this year’s report provides the opportunity for some reflection on the impact the pandemic and the national fight has had on our charity, however, it will not be for some time that the impact to our charity will be fully realised and understood.

Nevertheless, now is the right time to record the Board of Trustees’ immense gratitude to our staff, our community, and the NHS, all who have responded magnificently to the challenge of the pandemic.

The everyday experiences of disabled people underpin everything we do, and against a backdrop of ongoing challenges, restrictions, and rapidly changing government guidance; we have continued to make an impact and ensured that disabled people receive the care and support they need and want.

We are hugely proud of the way Mosaic 1898 came together to find new ways to continue our vital work, sometimes with great personal sacrifice. It has been a real team effort, from the staff bravely delivering essential frontline support to people in the community under demanding conditions; to those working in new ways, from home at their kitchen tables, some in hallways, and those away from work, staying at home, protecting the NHS and saving lives – everyone has played their part and continues to do so.

I and my fellow trustees also want to pay tribute to our Chief Executive Officer, Zoheb Shariff, who has admirably steered the organisation with incredible resolve through these unexpected and unprecedented times. Together with the Senior Management Team, Zoheb has demonstrated exceptional leadership at every turn and continues to do so.

Despite all these challenges, it has been a positive year for Mosaic 1898 and the charity not only remains financially secure but has managed to strengthen its position in this respect. Furthermore, we have continued to make important upgrades to our technology and premises, as well as investing in the wellbeing of our staff and embracing a new name and branding – all our efforts and improvements are anchored in our pursuit to further our reach and deliver truly person-centred care and support services to enable disabled people to live well and thrive.

In this pursuit, Mosaic 1898 proudly became an award-winning charity in 2020, recognised for our vital work in caring for and supporting disabled people in our community at a time when it was most needed, when loneliness and isolation soared across the country. On behalf of the Board of Trustees, I would like to thank our staff for their compassion and commitment; and congratulate everyone at Mosaic 1898 for their part in winning, East Midlands Chamber of Commerce’s Community Impact Award 2020.

Finally, I end this statement in remembrance of all those people we support and our volunteers who have lost their lives this year, either because of the virus or in other ways - we will not forget you.

Page 2

MOSAIC 1898 LTD (A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

Objectives and activities

While the world around us continues to change and unprecedented challenges and severe pressures arise for Health and Social Care against a backdrop of a global pandemic, our charity defiantly continues to stand firm on our objects, delivering compassionate support and care to disabled adults, children, and their families in Leicester, Leicestershire and beyond.

We exist to listen to and be led by those living with a disability. We lift-up the voices and experiences of the people who know best what is needed.

Our fundamental purpose as set out in our Memorandum and Articles of Association is to identify and provide life enhancing services for disabled people. We work determinedly to deliver on this purpose through the promotion of inclusion, equality, independence, choice, empowerment, respect, and dignity. We recognise and challenge the prejudice, discrimination, and social isolation that many disabled people face throughout their lives, and we undertake work which results in dynamic and creative support services, designed with the people who live with disabilities at the very heart of all that we do.

Focus of our work

Our focus of work is centred on creating life enhancing services that challenge ableism and other forms of discrimination and equip people to lead a full life in which their value and worth is realised.

In response to the coronavirus pandemic, the safety of our staff, the people we support, and our communities in which we work has been paramount. Therefore, the way in which we delivered services looked a little different, whilst the outcomes for the people accessing essential support and care remained unchanged.

Care Services: Creating Opportunities

Our social inclusion community groups continued to provide new experiences, social friendships, everyday opportunities, and life-enhancing activities to disabled adults and children. Sadly, the coronavirus pandemic meant severe disruption to the way in which the service reached the disabled people it supports.

In light of the announcement of the national lockdown and stay-at-home directive, a heart-breaking but necessary action was taken to suspend the charity’s 32 social inclusion community groups across Leicester and Leicestershire on 20th March 2020.

A tough decision was taken to support and care for the most clinically and socially vulnerable adults, who were advised to stay at home and safely shield. Our Care Services teams adopted creative remote and virtual approaches to reach every person that accesses this service with the support they needed or wanted in these uncertain times, from befriending conversations, craft activity packages, home-visits to those that were most in need, and even live music and movement sessions over Zoom.

In September 2020, the charity recommenced a much-reduced service of 5 in-person social inclusion groups in COVID-secure locations in Leicester, by March 2021 this rose to 17 in-person groups reaching those people that were considered most socially vulnerable, or at risk of isolation.

Proudly, our charity’s Creating Opportunities support remained relevant, in demand, and impactful.

In addition to the disruption to the charity’s social inclusion groups, the adverse impact extended to other activities within the service:

Children’s Day Services and Short Breaks

Sadly, due to a change in the commissioning arrangements of this service and the stay-at-home directive, the weekend play days for disabled children at Mosaic 1898 were suspended and no in-person sessions were held. Instead, the charity supported the children and their families with sensory-play boxes, rainbow craft packs, and themed activities for the festive holidays.

Sunbeam II Wide-Beam Canal Boat

The charity has offered accessible day trips on the Grand Union Canal since 1972. Unfortunately, with the

Page 3

MOSAIC 1898 LTD (A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

safety of our passengers and the public in mind, we had no choice but to suspend this service for the year. Our canal boat remained moored, and we took the opportunity to complete some essential maintenance.

We are thankful to the team at Sileby Mill Boatyard, and our incredible team of volunteers and skippers for their on-going support and passion for the service, despite the circumstances.

Holiday Bungalows at Overstrand

Set in the grounds of Overstrand Hall near Cromer, Norfolk, our fully equipped and disability friendly bungalows (The Fairway and The Links) offered disabled people and their loved ones, some much needed time away. In the small windows of opportunity, where restrictions for travel were eased, 30 holiday makers safely travelled to our homes, sadly, 109 had their holidays to Norfolk cancelled or postponed.

The charity took the opportunity in the national lockdown to update the holiday homes throughout with a fresh look and feel, ready to welcome our guests back in the coming year.

Care Services: Colton Care

Colton Care strives to deliver temporary and permanent care services shaped to meet the needs of the individual.

The service continued to deliver outcome-focused care to disabled people at home and out in the community, offering the people it supports the care and companionship which adds the most significant value to their life.

In March 2020, a decision was taken to be guided by the needs and wants of the people who know best what support was needed at this unsettling time. Being led by the voices and needs of the people it cares for Colton Care placed the dignity and choice at the forefront of its work to remain responsive, person-centred, and truly impactful.

Our Community Assistants bravely took to the frontline at the height of the pandemic to deliver over 500 hours of care every week. We are indebted to our staff for their commitment, compassion, and care, their desire to make a positive impact in the most challenging of times.

Direct Payments Support Service

The long-standing Direct Payments Support Service (DPSS) at Mosaic 1898 celebrated 20 years of empowering disabled people to purchase and access the care and support they need and want. In 2000, the service set out supporting 40 people, this year the hardworking team reached a milestone of 1,000 people accessing the service.

Despite the disruption of the coronavirus pandemic, DPSS remained in demand by disabled people as their care needs changed. While the team acclimatised to home working, paperless processes, and new digital communication tools, there was no break in the exceptional and expert support the team extends to 1,000 disabled people, 766 personal assistants, and 310 local care agencies.

DPSS is commissioned through contracts with Leicester City Council, Leicestershire County Council and the NHS.

Liberty Advocacy and Voice: Relevant Person Representative Service

The Deprivation of Liberty Safeguards referrals received within this service are primarily focused on enforcing the Mental Capacity Act of 2005. Our service’s purpose continues to be ensuring that people in care settings are looked after in a compassionate way that does not infringe upon their liberty or restrict their freedom.

This year, our Relevant Persons Representatives moved to home working and virtual visits, the team collectively supported 545 vulnerable adults in Leicester, Leicestershire, and Rutland, offering a voice to and fighting the corner of those who without the support would potentially be unaware of their rights, the channels of appeal and mostly frighteningly remain at considerable risk.

Liberty Advocacy and Voice: Advocacy Groups

We believe that society has so much to learn from people with a disability and those supporting them. We want the true, authentic voices of those with lived in experiences to be heard and deeply listened to. This is vital for

Page 4

MOSAIC 1898 LTD (A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

society to be shaped to accurately respond to and embrace disability. Our advocacy support encourages and equips people to speak for themselves, making sure their important message is heard and that they are being treated with respect and dignity.

Our advocacy groups for Learning Disability, Autism and Mental Health raise the voices of those with lived experience. Sadly, the groups were suspended in April 2020 with the vulnerability of the members in mind. In August 2020 a decision was taken to recommence the groups virtually with the Local Leaders receiving mobile devices.

The work of these groups continues to support, inform, influence strategic decision-makers in Leicester and Leicestershire.

Achievements and performance

On review of the activities the charity offered in this financial year, we strongly believe our organisation continues to deliver long-term social impact.

Our work in the community today is as important as ever. We proudly continue to support the most wonderful adults and children in our society to live well and access the support they choose and need.

In totality we provided support services to over 2,000 people living with disabilities in Leicester, Leicestershire, and Rutland.

It is our strategic objective to ensure our services and support reach more people year on year.

Our highlights

This financial year has been one of response and stabilisation in the face of an unprecedented national emergency, where the charity and our people have continued to embrace change and challenge with resilience and optimism.

Despite this uncertainty and the on-going challenges of the Health and Social Care industry, our dedicated and compassionate workforce and volunteers continued to passionately deliver on our mission to provide lifeenhancing services and support to people living with disabilities in Leicester, Leicestershire, and beyond.

The work we embarked on this year has led to the following highlights:

Page 5

MOSAIC 1898 LTD (A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

Principal risks and uncertainties

The Trustees of Mosaic 1898 Ltd are responsible for the overseeing of the risks faced by the charity.

Risks are identified, assessed and controls established throughout the period. A formal review of the charity's Risk Management Policy is undertaken annually.

The Trustees maintain the reputation of the charity and its impact in the community is a priority. Mosaic 1898 Ltd has taken strides towards this objective over recent years in appointing a dynamic Senior Leader and are presently reviewing the way in which the board work and govern to ensure, it is fit for now and for the future.

Financial review

The net incoming resources for the year before investment losses and transfers between funds for the year were £422,719 (2020 - £45,121). This is divided between the different funds; net incoming resources of £395,340 on unrestricted funds, net outgoing resources on designated funds of £914 and net incoming resources on restricted funds of £28,293.

After adjusting for gains on investment assets of £39,800, the fund balances have increased by £462,519 to £1,633,893. Of the total funds held at 31 March 2021, £152,650 related to restricted funds, £332,187 related to designated funds and £1,190,061 related to unrestricted funds excluding the pension deficit of £41,005.

The accounts show unrestricted reserves of £1,481,243 after deduction of the £41,005 pension provision which, after taking into account the charity's property assets of £679,512, equates to £801,731 of free reserves.

Page 6

MOSAIC 1898 LTD (A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

The Trustees are satisfied that adequate resources are available on a fund by fund basis to fulfil the obligations of the charity.

The charity accessed the government’s Coronavirus Job Retention Scheme and received payments from the government’s COVID-19 Business Rates Grant Support Scheme.

Reserves policy and going concern

Mosaic 1898 Ltd’s Reserves Policy states that the Trustees undertake:

The following conditions will also apply:

All interest accruing to the fund will be transferred to the working account of the charity.

Mosaic 1898’s Reserves Policy states that the appropriate level of unrestricted reserves should be approximately three months of expenditure costs being approximately £393,000. This is to provide a contingency if the current levels of revenue decreases and for unplanned emergency repairs and other expenditure.

Actual unrestricted reserves available as at 31 March 2021 of £801,731, being unrestricted reserves of £1,481,243 less the property assets of £679,512, are above the target level. The Trustees are satisfied that adequate resources are available on a fund-by-fund basis to fulfil the obligations of the charity for the coming year, 2021 to 2022.

The Trustees are continually monitoring the charity's financial position and the current level of reserves held.

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Structure, governance and management

Constitution

Mosaic 1898 Ltd was established in 1954 as a charity and company limited by guarantee, registered company number 533714.

The charity is governed by its Memorandum and Articles of Association incorporated on the 26 May 1954 and last updated in February 2000 and has a registered charity number of 214212. In the event the charity being wound up the liability of the members is limited to £1.

The principal objective of the charity is to identify and provide life enhancing services for disabled people.

Page 7

MOSAIC 1898 LTD (A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

Method of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

The method of appointment remains the same; one third of the Board stand down each September and, if they would like, they put their name forward for re-election. There is no time limit as to how long someone can be a Trustee, nor is there a time limit for officers.

Election of officers takes place at the first trustees' meeting after the Annual General Meeting.

At the first Board meeting following the Annual General Meeting 2020, Deborah Southwick was elected Chair. Karen Cane and Warwick Best were elected Co-Vice Chair with Steve Smith being re-elected as the Treasurer and Company Secretary.

Governance

While we describe members of the Board of Trustees as Trustees, they are in reality Trustee-Directors, all fulfilling their role in the organisation which is both a registered charity and a company limited by guarantee.

The full Board of Trustees meet a minimum of 5 times a year including the Annual General Meeting. The Executive Team (formally known as Chief Executive’s Supervision Group) meet a minimum of 5 times a year, and consists of the Chairperson, Co-Vice Chairs, the Company Treasurer, the Company Secretary, and the Chief Executive Officer.

There is on-going and regular monitoring of the finances with the charity’s Finance Manager in attendance to present the management accounts at the Board Meetings.

In light of the disruption of the national emergency in this financial year, all sub-committee responsibilities were absorbed by the Executive Team.

The Trustees have again reaffirmed the importance of Mosaic 1898 Ltd’s spirit as an organisation influenced by disabled people who drive the agenda on how the charity operates.

As a charity supporting disabled people, we want to increase the number of disabled people who work or volunteer for Mosaic 1898 Ltd. As part of our Equality and Diversity Policy, we commit to adjusting to meet the needs of disabled job applicants, employees, and volunteers. We aim to interview all disabled applicants that meet the minimum criteria for job vacancies, and we work with disabled staff to make appropriate adjustments to ensure that they can stay in employment.

The Trustees maintain the reputation of the charity and its impact in the community is a priority and we are presently reviewing the way in which the Board work and govern to ensure we are fit for the future.

Page 8

MOSAIC 1898 LTD

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

Organisational structure and decision making

The charity is divided into six core services and functions, led holistically by the Chief Executive, and supported by the respective Service and Function Managers.

  1. Senior Leadership and Strategy

  2. Central Operations, Finance and Administration

  3. Direct Payments Support Service

  4. Liberty, Advocacy and Voice

  5. Care Services: Creating Opportunities and Colton Care

  6. Other Services

The Directors, who are the charity's Trustees, are responsible for setting the pay of key management personnel.

All Trustees give of their time freely and no trustee received remuneration in the year. Details of Trustees’ expenses and related party transactions are disclosed in the notes to the accounts. The pay of executive level staff is reviewed annually.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to major risks.

Plans for future periods

Our mission and purpose remain unchanged; we strive to be a compassionate charity leading the way in enhancing lives and shaping disability services which promote inclusion, equality, independence, choice, empowerment, dignity, and respect.

As the world recovers from the COVID-19 pandemic, our immediate focus remains to carefully navigate our way through the disruption, our absolute priority remains the health, safety, and well-being of disabled people, our staff, and volunteers – together with reaching sustainability to ensure our vital work continues long in the future.

Beyond this, in 2021 we aspire to developing a new ambitious strategy to take the charity forward and transform Mosaic 1898 to be even more responsive and more relevant to the needs of disabled people.

We will continue to listen and be led by the voices of who know best what is needed, we will react, and we continue to develop the provision of support and care for those who need it most.

We approach our future with much anticipation and excitement in our constant pursuit to truly enhance lives.

Information on fundraising practices

This charity protects disabled people and the public, including vulnerable people, from unreasonably intrusive or persistent fundraising approaches and undue pressure to donate by avoiding street and doorstep collections.

All fundraising undertaken during the year was carried out directly by the charity, in line with their objects and no complaints were received by the charity.

Page 9

MOSAIC 1898 LTD (A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

Trustees' responsibilities statement

The Trustees (who are also directors of Mosaic 1898 Ltd for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, Magma Audit LLP, have indicated their willingness to continue in office. The Designated Trustees will propose a motion re-appointing the auditors at a meeting of the Trustees.

This report was approved by the Trustees, on 7 December 2021 and signed on their behalf by:

Deborah Southwick, Chair

Page 10

MOSAIC 1898 LTD

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF MOSAIC 1898 LTD

Opinion

We have audited the financial statements of Mosaic 1898 Ltd (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of financial activities incorporating income and expenditure account, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual report other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 11

MOSAIC 1898 LTD

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF MOSAIC 1898 LTD

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charity for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 12

MOSAIC 1898 LTD

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF MOSAIC 1898 LTD

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

There are inherent limitations in the audit procedures described above. The more removed non-compliance with laws and regulations is, from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by forgery or intentional misrepresentation, for example, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Luke Turner ACA FCCA (Senior statutory auditor)

for and on behalf of

Magma Audit LLP

Chartered Accountants Statutory Auditor

Unit 2, Charnwood Edge Business Park Syston Road Cossington Leicestershire LE7 4UZ 13 December 2021

Page 13

MOSAIC 1898 LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
TOTAL INCOME
EXPENDITURE ON:
Raising funds
Charitable activities
6
TOTAL EXPENDITURE
9
NET INCOME BEFORE INVESTMENT
GAINS/(LOSSES)
Net gains/(losses) on investments
14
NET INCOME BEFORE OTHER
RECOGNISED GAINS AND LOSSES
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
 Unrestricted
funds
2021
£
254,460
1,384,241
2,298
2,993
1,643,992
1,200
1,248,366
1,249,566
394,426
39,800
434,226
434,226
1,047,017
1,481,243		 Restricted
funds
2021
£
57,527
36,455
-
-
93,982
-
65,689
65,689
28,293
-
28,293
28,293
124,357
152,650		 Total
funds
2021
£
311,987
1,420,696
2,298
2,993
1,737,974
1,200
1,314,055
1,315,255
422,719
39,800
462,519
462,519
1,171,374
1,633,893		 Total
funds
2020
£
19,416
1,499,141
39,605
4,323
1,562,485
1,380
1,515,984
1,517,364
45,121
(27,155)
17,966
17,966
1,153,408
1,171,374

TOTAL FUNDS CARRIED FORWARD

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 17 to 35 form part of these financial statements.

Page 14

MOSAIC 1898 LTD (A company limited by guarantee) REGISTERED NUMBER: 00533714

BALANCE SHEET AS AT 31 MARCH 2021

Note
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS:amounts falling due within
one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
Defined benefit pension scheme liability
21
NET ASSETS INCLUDING PENSION
SCHEME LIABILITIES
CHARITY FUNDS
Restricted funds
17
Unrestricted funds:
Unrestricted funds excluding pension
liability
Pension reserve
Total unrestricted funds
TOTAL FUNDS		 £
154,780
631,453
786,233
(129,532)
1,522,248
(41,005)		 2021
£
802,854
215,343
1,018,197
656,701
1,674,898
(41,005)
1,633,893
152,650
1,481,243
1,633,893		 £
166,034
233,446
399,480
(163,370)
1,095,602
(48,585)		 2020
£
807,106
176,743
983,849
236,110
1,219,959
(48,585)
1,171,374
124,357
1,047,017
1,171,374

The charity's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 7 December 2021 and signed on their behalf, by:

Deborah Southwick, Chair

The notes on pages 17 to 35 form part of these financial statements.

Page 15

MOSAIC 1898 LTD

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Note
Cash flows from operating activities
Net cash provided by operating activities
19
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
20		 2021
£
417,047
2,993
(23,233)
34,393
(33,193)
(19,040)
398,007
233,446
631,453		 2020
£
79,318
4,323
(3,907)
21,845
(20,644)
1,617
80,935
152,511
233,446

The notes on pages 17 to 35 form part of these financial statements.

Page 16

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Mosaic 1898 Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 2 Oak Spinney Park, Ratby Lane, Leicester Forest East, Leicester, LE3 3AW.

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with 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) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Mosaic 1898 Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Company status

The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

1.3 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future despite the global pandemic. The Trustees have prepared financial forecasts which incorporate the impact of COVID 19 as far as possible, including cash flow forecasts and remain in regular contact with local authorities to secure their on-going financial support. These demonstrate that the Charity has sufficient resources to meet its liabilities for at least twelve months from signing these financial statements. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 17

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES (continued)

1.4 Income

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

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the time of the volunteers is not recognised and refer to the Trustees' report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Grants are recognised (on an accruals basis) in the Statement of Financial Activities so as to match them against the funding year to which they relate. Grants received for a specific purpose are accounted for as restricted funds. Where income is received in advance, recognition is deferred and included in creditors.

Page 18

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES (continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

1.6 Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

1.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of financial activities incorporating income and expenditure account.

1.8 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Page 19

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES (continued)

1.9 Operating leases

Rentals under operating leases are charged to the Statement of financial activities incorporating income and expenditure account on a straight line basis over the lease term.

1.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.11 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.13 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.14 Pensions

The charity operates a defined benefits pension scheme. The scheme is a multi-employer scheme where it is not possible, in the normal course of events, to identify on a consistent and reasonable basis, the share of underlying assets and liabilities belonging to individual participating employers. Therefore, as required by FRS102, the charity accounts for this scheme as if it was a defined contribution scheme. The amount charged to the Statement of financial activities incorporating income and expenditure account represents contributions payable to the scheme in respect of the accounting period.

Under FRS 102 the charity has recognised in the accounts a liability for the net present value of the deficit reduction contributions payable under the agreed deficit funding arrangement following an actuarial valuation dated 30 September 2017.

Page 20

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES (continued)

1.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.16 Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities are discussed below.

The present value of TPT Retirement Solutions (formerly The Pensions Trust) - The Growth Plan defined benefit liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost for pensions include the discount rate. See note 21.

2. INCOME FROM DONATIONS AND LEGACIES

Donations
Legacies
Government grants received
Total donations and legacies
Total 2020		 Unrestricted
funds
2021
£
3,867
-
250,593
254,460
16,677		 Restricted
funds
2021
£
2,500
-
55,027
57,527
2,739		 Total
funds
2021
£
6,367
-
305,620
311,987
19,416		 Total
funds
2020
£
19,216
200
-
19,416

Page 21

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3. INCOME FROM CHARITABLE ACTIVITIES

Group Advocacy and DOLS services
Colton Care and Independent Living
Creating Opportunities - activity groups and
leisure
Self Directed Support Services
Total 2021
Total 2020		 Unrestricted
funds
2021
£
151,759
373,123
548,390
310,969
1,384,241
1,446,220		 Restricted
funds
2021
£
32,000
-
4,455
-
36,455
52,921		 Total
funds
2021
£
183,759
373,123
552,845
310,969
1,420,696
1,499,141		 Total
funds
2020
£
216,532
270,893
642,737
368,979
1,499,141

4. OTHER INCOME

Training and other income
Room hire
Total 2021
Total 2020
INVESTMENT INCOME
Listed investments
Bank and other investment income
Total 2021
Total 2020		 Unrestricted
funds
2021
£
2,298
-
2,298
39,605
Unrestricted
funds
2021
£
2,993
-
2,993
4,323		 Total
funds
2021
£
2,298
-
2,298
39,605
Total
funds
2021
£
2,993
-
2,993
4,323		 Total
funds
2020
£
37,891
1,714
39,605
Total
funds
2020
£
4,300
23
4,323

5. INVESTMENT INCOME

Page 22

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6.
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
funds
Restricted
funds
2021
£
2021
£
Group Advocacy and DOLS services
111,666
21,708
Colton Care
395,602
-
Creating Opportunities
493,926
23,850
Self Directed Support
247,172
-
County Covid-19 grant
-
13,611
Other expenditure
-
6,520
Total 2021
1,248,366
65,689
Total 2020
1,455,940
60,044		 Total
funds
2021
£
133,374
395,602
517,776
247,172
13,611
6,520
1,314,055
1,515,984		 Total
funds
2020
£
191,973
388,736
691,504
240,010
-
3,761
1,515,984

7. DIRECT COSTS

Other direct costs
Wages and salaries
National insurance
Pension cost
Total 2021
Total 2020
Other direct costs
Wages and salaries
National insurance
Pension cost
Total 2021
Total 2020		 Group
Advocacy
and DOLS
services
£
5,249
97,826
4,044
2,100
109,219
151,081		 Colton Care
Creating
Opportunities

£
£
12,442
42,286
301,153
367,835
15,579
13,821
5,849
7,360
335,023
431,302
315,112
541,538
County
Covid-19
grant
Total
2021
£
£
13,611
87,239
-
923,577
-
40,495
-
18,715
13,611
1,070,026
-
1,191,308		 Self Directed
Support
£
13,651
156,763
7,051
3,406
180,871
183,577
Total
2020
£
156,029
970,193
46,147
18,939
1,191,308

Page 23

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. SUPPORT COSTS

Volunteer expenses
Other support costs
Legal and professional fees
Other premises costs
Insurance
Equipment costs
Irrecoverable VAT
Governance costs
Support staff costs
National insurance
Pension cost
Depreciation
Total 2021
Total 2020
Volunteer expenses
Other support costs
Legal and professional fees
Other premises costs
Insurance
Equipment costs
Irrecoverable VAT
Governance costs
Support staff costs
National insurance
Pension cost
Depreciation
Total 2021
Total 2020		 Group
Advocacy
and DOLS
services
£
-
4,100
123
1,723
876
1,869
1,062
513
10,296
796
515
2,282
24,155
40,892		 Colton Care
Creating
Opportunities

£
£
-
-
10,287
10,823
310
442
4,320
6,168
2,197
3,136
4,689
6,693
2,663
3,802
1,285
1,834
25,820
36,856
1,996
2,852
1,290
1,840
5,722
12,028
60,579
86,474
73,624
149,966
Other
expenditure
Total
2021
£
£
-
-
-
35,695
-
1,214
6,103
23,042
-
8,613
-
18,383
-
10,441
-
5,038
-
101,232
-
7,830
-
5,056
417
27,485
6,520
244,029
3,761
324,676		 Self Directed
Support
£
-
10,485
339
4,728
2,404
5,132
2,914
1,406
28,260
2,186
1,411
7,036
66,301
56,433
Total
2020
£
326
30,799
2,472
16,214
11,603
19,276
9,590
6,383
193,123
11,167
3,377
20,346
324,676

Page 24

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE

Expenditure on investment
management
Costs of raising funds
Group Advocacy and DOLS
services
Colton Care
Creating Opportunities
Self Directed Support
Journey to Employment
Other expenditure
Charitable activities
Total 2021
Total 2020		 Staff costs

2021
£
-
-
115,577
351,687
430,564
199,077
-
-
1,096,905
1,096,905
1,242,946		 Depreciation
2021
£
-
-
2,282
5,722
12,028
7,036
-
417
27,485
27,485
20,346		 Other costs
2021
£
1,200
1,200
15,515
38,193
75,184
41,059
13,611
6,103
189,665
190,865
254,072		 Total
2021
£
1,200
1,200
133,374
395,602
517,776
247,172
13,611
6,520
1,314,055
1,315,255
1,517,364		 Total
2020
£
1,380
1,380
191,973
388,736
691,504
240,010
-
3,761
1,515,984
1,517,364

10. NET INCOME/(EXPENDITURE)

This is stated after charging:

2021 2020
£ £
Depreciation of tangible fixed assets:
- owned by the charity 27,485 25,962
Auditors' remuneration - audit 4,995 4,930
Operating lease rentals 15,720 8,331

During the year, no Trustees received any remuneration (2020 - £NIL). During the year, no Trustees received any benefits in kind (2020 - £NIL).

1 Trustee received reimbursement of expenses amounting to £18 in the current year, (2020 - 4 Trustees - £2,177).

11. AUDITORS' REMUNERATION

The Auditor's remuneration amounts to an Audit fee of £4,995 (2020 - £4,930).

Page 25

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs (Note 21
)		 2021
£
1,024,809
48,325
23,771
1,096,905		 2020
£
1,163,316
57,314
22,316
1,242,946

Included in staff costs are termination payment of £1,587 (2020 - £Nil) made during the year.

The average number of persons employed by the charity during the year was as follows:

2021 2020
Average employees 90 98

No employee received remuneration amounting to more than £60,000 in either year.

The total employee benefits of the key management personnel of the charity were £80,096 (2020 - £64,189).

The average monthly number of staff employed by the charity during the year was 90 (2020 - 98) who were engaged in the following services:

Group Advocacy and DOLS services
Leisure Services
Creating Opportunities
Advocacy
Self Directed Support Services
Property maintenance
Antenna
Colton Care
Reception
Management and administration
 2021
Number
Employed
Voluntary
10
-
1
-
34
-
5
-
11
-
-
-
-
-
26
-
-
-
3
-


90
-		 2020
Number
Employed
Voluntary
12
14
1
56
35
6
5
-
12
-
1
-
-
6
25
-
1
-
6
7

98
89

Page 26

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

13. TANGIBLE FIXED ASSETS

Cost
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Freehold
property
£
844,735
-
844,735
166,248
16,896
183,144
661,591
678,487		 Narrowboat
£
115,502
-
115,502
7,347
3,850
11,197
104,305
108,155		 Fixtures and
fittings
£
32,940
18,197
51,137
15,777
2,631
18,408
32,729
17,163		 Computer
equipment
£
122,466
5,036
127,502
119,165
4,108
123,273
4,229
3,301		 Total
£
1,115,643
23,233
1,138,876
308,537
27,485
336,022
802,854
807,106

The tangible fixed assets are used in the following departments:

Aspire and holidays
LCC Capital Grants
Management and administration
Self Directed Support

Total		 Depreciation
charge
£
3,860
417
22,433
775

27,485		 Net book
value
£
104,391
3,756
692,963
1,744
802,854

14. FIXED ASSET INVESTMENTS

Market value
At 1 April 2020
Additions
Disposals
Revaluations
At 31 March 2021		 Listed
securities
£
176,743
33,193
(34,393
39,800
215,343

Page 27

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15. DEBTORS

DEBTORS
Trade debtors
Other debtors
Prepayments and accrued income
Tax recoverable		 2021
£
85,167
1,606
67,857
150
154,780		 2020
£
101,187
-
64,697
150
166,034

16. CREDITORS: Amounts falling due within one year

CREDITORS: Amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income
Deferred income at 1 April 2020
Resources deferred during the year
Amounts released from previous years
Deferred income at 31 March 2021		 2021
£
20,745
45,556
5,411
57,820
129,532		 2020
£
12,605
42,830
5,241
102,694
163,370
£
17,267
31,665
(17,267
31,665

A retention of £13,152, which has not been provided in the accounts, is secured by a legal charge over freehold property at 2 Oak Spinney Park.

Page 28

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Designated funds
Reserve fund
Property fund
Sensory room fund
General funds
Unrestricted funds
Property assets
Pension reserve
Total Unrestricted funds
Restricted funds
LCC Capital Grants
LCC Group advocacy
Narrowboat donations
Bungalow
Children's Short Breaks
Solar panel donations
Covid-19 grant
Total of funds		 Balance at 1
April 2020
£
261,864
46,237
25,000
333,101
66,090
696,411
(48,585)
713,916
1,047,017
10,276
4,725
108,155
-
101
1,100
-
124,357
1,171,374		 Income
£
-
-
-
-
1,643,992
-
-
1,643,992
1,643,992
-
32,000
2,500
45,871
-
-
13,611
93,982
1,737,974		 Expenditure
£
-
-
(914)
(914)
(1,239,333)
(16,899)
7,580
(1,248,652)
(1,249,566)
(6,520)
(21,708)
(6,350)
(17,500)
-
-
(13,611)
(65,689)
(1,315,255)		 Gains/
(Losses)
Balance at 31
March 2021
£
£
-
261,864
-
46,237
-
24,086
-
332,187
39,800
510,549
-
679,512
-
(41,005)
39,800
1,149,056
39,800
1,481,243
-
3,756
-
15,017
-
104,305
-
28,371
-
101
-
1,100
-
-
-
152,650
39,800
1,633,893

Page 29

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. STATEMENT OF FUNDS (continued)

Unrestricted funds

The Reserve Fund

The reserve fund has been set up in line with the risk assessment carried out by the Trustees. This amount has been set aside to cover the work of the organisation in the event that funding should cease. This should cover approximately 3 months staff costs.

The Property Fund

This fund is to cover expected future property maintenance costs.

Sensory Room Fund

It has long been an ambition of the charity to develop sensory facilities for the people it supports. In 2021 Mosaic 1898 were able to realise this ambition and offer a safe environment in which individuals with learning and developmental disabilities can freely interact with the world around them. A total of £18,194 was spent during the year of which £17,283 represents the asset value at 31 March 2021. The remaining £6,803 is held in cash.

Property Assets

The value of unrestricted funds represented by the tangible fixed assets owned and used by the charity on an ongoing basis.

Restricted funds

The Leicester City Council Capital grant is towards the purchase of furniture and fittings for use by mosaic's groups at Oak Spinney Park. The balance remaining represents the asset value at 31 March 2021.

The Leicester City Council Group Advocacy grant is to fund a service to help support Adult Social Care. The contract will run for a minimum of three years.

Mosaic 1898 raised funds towards the purchase of a Narrowboat to replace Sunbeam after 38 years of service. The Narrowboat was purchased in 2017/18 and the balance carried forward relates to the net book value of Sunbeam II at the year end.

The Bungalow fund represents cash to be used for internal repairs, replacement furniture and running costs for the bungalows. During the year, £45,581 was received from North Norfolk District Council in the form of grants to support the Bungalows during period of closure due to the Covid-19 pandemic.

Children's Short Breaks provides respite breaks to disabled children in the City.

Solar panel donations; Mosaic 1898 are raising funds towards the installation of a 7,500 Watt Solar Panel System on the roof of its Head Office at Oak Spinney Park. The aim of the project is to reduce the charity's energy costs and carbon footprint, and help to address the effects of climate change.

During the year, a grant was received from Leicestershire County Council to meet the additional costs that materialised due to the Covid-19 pandemic. The grant was fully spent on equipment, PPE, and costs associated with remote working.

Page 30

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. STATEMENT OF FUNDS (continued)

STATEMENT OF FUNDS - PRIOR YEAR

Designated funds
Reserve fund
Property fund
Sensory room fund
General funds
Unrestricted funds
Property assets
Pension reserve
Total Unrestricted funds
Restricted funds
LCC Capital Grants
LCC Group advocacy
Narrowboat donations
Bungalow
Children's Short Breaks
Solar panel donations
Total of funds		 Balance at
1 April 2019
£
261,864
46,552
25,000
333,416
35,865
713,306
(58,938)
690,233
1,023,649
14,037
-
112,006
2,616
-
1,100
129,759
1,153,408		 Income
£
-
-
-
-
1,506,825
-
-
1,506,825
1,506,825
-
32,852
2,739
15,185
4,884
-
55,660
1,562,485		 Expenditure
£
-
(315)
-
(315)
(1,450,463)
(16,895)
10,353
(1,457,005)
(1,457,320)
(3,761)
(28,127)
(3,850)
(19,523)
(4,783)
-
(60,044)
(1,517,364)		 Transfers
in/out
£
-
-
-
-
1,018
-
-
1,018
1,018
-
-
(2,740)
1,722
-
-
(1,018)
-		 Gains/
(Losses)
£
-
-
-
-
(27,155)
-
-
(27,155)
(27,155)
-
-
-
-
-
-
-
(27,155)		 Balance at
31 March
2020
£
261,864
46,237
25,000
333,101
66,090
696,411
(48,585)
713,916
1,047,017
10,276
4,725
108,155
-
101
1,100
124,357
1,171,374

Page 31

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

SUMMARY OF FUNDS - CURRENT YEAR

Balance at 1
April 2020
£
Designated funds
333,101
General funds
713,916
1,047,017
Restricted funds
124,357
1,171,374
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
1 April 2019
Income

£
£
Designated funds
333,416
-
General funds
690,233
1,506,825
1,023,649
1,506,825
Restricted funds
129,759
55,660
1,153,408
1,562,485		 Income
£
-
1,643,992
1,643,992
93,982
1,737,974
Expenditure
£
(315)
(1,457,005)
(1,457,320)
(60,044)
(1,517,364)		 Expenditure
£
(914)
(1,248,652)
(1,249,566)
(65,689)
(1,315,255)
Transfers
in/out
£
-
1,018
1,018
(1,018)
-		 Gains/
(Losses)
Balance at 31
March 2021
£
£
-
332,187
39,800
1,149,056
39,800
1,481,243
-
152,650
39,800
1,633,893
Gains/
(Losses)
Balance at
31 March
2020
£
£
-
333,101
(27,155)
713,916
(27,155)
1,047,017
-
124,357
(27,155)
1,171,374		 Gains/
(Losses)
Balance at 31
March 2021
£
£
-
332,187
39,800
1,149,056
39,800
1,481,243
-
152,650
39,800
1,633,893
Gains/
(Losses)
Balance at
31 March
2020
£
£
-
333,101
(27,155)
713,916
(27,155)
1,047,017
-
124,357
(27,155)
1,171,374
Balance at
31 March
2020
£
333,101
713,916
1,047,017
124,357
1,171,374

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

U
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Provisions for liabilities and charges
Total		 nrestricted
funds
2021
£
694,707
215,343
738,545
(126,347)
(41,005)
1,481,243		 Restricted
funds
2021
£
108,147
-
47,688
(3,185)
-
152,650		 Total
funds
2021
£
802,854
215,343
786,233
(129,532)
(41,005)
1,633,893

Page 32

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Unrestricted
funds
2020
£
Tangible fixed assets
694,683
Fixed asset investments
176,743
Current assets
384,326
Creditors due within one year
(160,150)
Provisions for liabilities and charges
(48,585)
Total
1,047,017
19.
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW
ACTIVITIES
Net income for the year (as per Statement of Financial Activities)
Adjustment for:
Depreciation charges
(Gains)/losses on investments
Dividends, interest and rents from investments
Decrease in debtors
Decrease in creditors
Pension movement
Net cash provided by operating activities
20.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Total		 Unrestricted
funds
2020
£
Tangible fixed assets
694,683
Fixed asset investments
176,743
Current assets
384,326
Creditors due within one year
(160,150)
Provisions for liabilities and charges
(48,585)
Total
1,047,017
19.
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW
ACTIVITIES
Net income for the year (as per Statement of Financial Activities)
Adjustment for:
Depreciation charges
(Gains)/losses on investments
Dividends, interest and rents from investments
Decrease in debtors
Decrease in creditors
Pension movement
Net cash provided by operating activities
20.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Total

Page 33

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

21. PENSION COMMITMENTS

Mosaic 1898 Ltd is a member of TPT Retirement Solutions - The Growth Plan, a multi-employer defined benefit scheme which is in deficit. As a member it is not possible for the charity to identify its share of the underlying assets and liabilities therefore it accounts for the scheme as a defined contributions pension scheme.

Following an actuarial review of the scheme, TPT Retirement Solutions put in place a 'Recovery Plan' to eliminate the deficit over a ten year period commencing from 1 April 2013. The Recovery Plan contributions will increase by 3% in April of each year. Should the charity withdraw from the scheme whilst the scheme is in deficit it would be required by law to pay its share of the deficit, but this debt liability will not crystallise as long as mosaic continue to employ at least one active member of the scheme.

Under FRS 102 the charity has recognised a liability for the obligation to pay the deficit funding over the recovery period with the amount recognised being the net present value of the deficit reduction contributions payable under the agreement.

Present value of provision

Reconciliation of opening and closing provisions:
Opening provision
Unwinding of the discount factor (interest expense)
Deficit contributions paid
Change in assumptions
Closing provision		 31 March
2021
£
31 March
2020
£
41,005

48,585
31 March
2021
£
48,585
1,092
(10,074)
1,402


41,005
31 March
2019
£
58,938
31 March
2020
£
58,938
746
(9,781)
(1,318)
48,585

The amounts recognised in the Statement of financial activities are as follows:

Interest expense
Change in assumptions

Total		 31 March
2021
£
1,092
1,402

2,494		 31 March
2020
£
746
(1,318)
(572)

Page 34

MOSAIC 1898 LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Principal actuarial assumptions at the balance sheet date:

31 March 31 March 31 March
2021 2020 2019
% % %
Rate of discount 0.66 2.53 1.39

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.

The charity expects to contribute £10,377 in respect of the recovery plan contributions during 2021/22.

22. OPERATING LEASE COMMITMENTS

At 31 March 2021 the total of the Charity’s future minimum lease payments under non-cancelable operating leases was:

Amounts payable:
Within 1 year
Between 1 and 5 years
After more than 5 years
Total		 2021
£
11,204
14,050
364
25,618		 2020
£
12,093
19,372
-
31,465

23. RELATED PARTY TRANSACTIONS

Trustees expenses of £18 were paid during the year. There have been no other related party transactions in the reporting period that require disclosure.

24. DIRECT PAYMENT SUPPORT SCHEME

The charity holds funds, in two separate bank accounts under the Direct Payment Support Scheme, which are receipts from Leicester City Council, Leicestershire County Council and the NHS, to be paid onto certain individuals as specified by them and in accordance with the terms of the Direct Payment Support Scheme. This is commonly known as the Third Party Scheme. The purpose of this scheme falls within the objectives of mosaic. The income and expenditure and balances held at the year end are excluded from the charity's accounts.

The amount held at the year end was £6,708,535 (2020 - £6,303,024).

Page 35