2021-03-31-accounts

Contents
Page:
1	Legal and administrative information
3	Report of the Trustees
10	Statement of Trustees' responsibilities
11	Report of the independent auditors
14	Consolidated statement of financial activities
	(incorporating statutory income & expenditure account)
15	Balance sheets
16	Cash flow statement
18	Notes to the financial statements

TRUSTEES	Mrs LA Evers
	Mrs P M Jackson(resigned 24/9/20)
	D J Boutle
	A N Curtis
	Professor TM Devinney
	C N Hollins
	P Landey
	A F Morgan
	Ms N Mort
	Ms E Barrow
	Mrs C meson
	Ms 1 R Fishenden
	F McAllister (appointed 24/9/20)
	R Londo (appointed24/9/20)
	Miss J E Tomlin (appointed24/9/20)
	Miss L Whitton (appointed24/9/20)
	Mrs Si Rogers (appointed 24/9/20)
	A P Ogilvie (appointed 24/9/20)
	Ms P Ramchandani (appointed24/9/20)
	Miss G P Boyer (appointed24/9/20)
	Miss J M Roper (appointed24/9/20)
Senior Management:	R Jackson (Chief Officer)
	C Sawyer (Strategic Finance Manager)
	Mrs M Woods (Operations Manager)
	Ms H Bailey (Social Action Manager)
	G Blake (Social Action Manager)
COMPANY SECRETARY	Mrs M Woods
REGISTERED OFFICE	Stringer House
	34 Lupton Street
	Hunslet
	Leeds
	LS10 2QW
REGISTERED COMPANY NUMBER	00555150 (England and Wales)
REGISTERED CHARITY NUMBER	225863
INDEPENDENT AUDITORS	Thomas Coombs Limited
	Statutory Auditor
	Chartered Accountants
	3365 The Pentagon
	Century Way
	Thorpe Park
	Leeds
	West Yorkshire
	LS15 8ZB

					2021	2020
		Unrestricted	Unrestricted	Restricted	Total funds	Total funds
		Designated	General funds	funds
		funds
	Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies	2		1,825	2,500	4,325	1,118
Charitable activities
Grants and similar income	4		149,694	742,152	891,846	497,605
Charitable activities	4		218,456	33,318	251,774	333,428
Trading subsidiary			185,572		185,572	156,745
Investment income	3		4,691		4,691	6,874
Total income and Endowments			560,238	777,970	1,338,208	995,770
Expenditure on
Charitable activities			397,392	748,395	1,145,787	941,840
Total expenditure	6		397,392	748,395	1,145,787	941,840
						,
Net gainsnosses) on investments			8,720		8,720	(5,680)
NET INCOME/ (EXPENDITURE)			171,566	29,575	201,141	48,250
Transfers between funds	19	56,000	(84,304)	28,304
Net movement in funds		56,000	87,262	57,879	201,141	48,250
RECONCILIATION OF FUNDS
Total funds brought forward		120,000	824,197	32,509	976,704	928,454
TOTAL FUNDS CARRIED FORWARD		176,000	911,459	90,388	1,177,845	976,704

		Group			.Charity
	Note	2021	2020	2021	2020
		E	E
FIXED ASSETS
Tangible assets	12	384,969	388,276	384,969	388,276
Investments	13	67,120	58,400	67,122	58,402
		452,089	446,676	452,091	446,678
CURRENT ASSETS
Debtors	14	9,557	29,485	41,383	55,459
Cash at bank and in hand		1,274,065	1,025,234	772,879	596,227
		1,283,622	1,054,719	814,262	651,686
CREDITORS
Amounts due within one year	15	(527,007)	(488,127)	(99,127)	(126,574)
		L
NET CURRENT ASSETS		756,615	566,592	715,135	525,112
TOTAL ASSETS LESS CURRENT LIABILITIES		1,208,704	1,013,268	1,167,226	971,790
PENSION LIABILITY	20	(30,859)	(36,564)	(30,859)	(36,564)
NET ASSETS		1,177,845	976,704	1,136,367	935,226
					Mi.1:1122111111111==
FUNDS
Unrestricted funds
Free Reserves	19	485,008	394,439	485,008	394,439
Fixed asset reserves	19	384,969	388,276	384,969	388,276
Other designated funds	19	176,000	120,000	.176,000	120,000
Trading company funds . Restricted funds	19 19	41,480 90,388	41,480 32,509	2 90,388	2 32,509
TOTAL FUNDS	19	1,177,845	976,704	1,136,367	935,226

		2021	2020
	Note
Cash flows from operating activities:
Cash generated from/ (used in) operations	a	247,825	142,632
Net cash generated from/ (used in) operating		247,825	142,632
activities
Cash flows from investing activities:
Purchase of tangible fixed assets		(3,685)	(7,635)
Interest received		4,691	6,874
Net cash (used in)/ generated from investing		1,006	(761)
activities
Change in cash and cash equivalents in the
reporting period		248,831	141,871
Cash and cash equivalents at the beginning of the
reporting period		1,025,234	883,363
Cash and cash equivalents at the end of the
reporting period	b	£1,274,065	£1,025,234	•

a.	**RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM **	OPERATING ACTIVITIES	OPERATING ACTIVITIES
		2021	2020
	Net income/(expenditure) for the reporting period (as per the statement
	of financial activities)	201,141	48,250
	Adjustments for:
	Depreciation charges	6,992	6,124
	Unrealised (gain)/loss on investments	(8,720)	5,680
	Interest received	(4,691)	(6,874)
	Interest paid	1,877	(430)
	(Increase)/decrease in debtors	19,928	10,697
	Increase/(decrease) in creditors	38,880	86,541
	Difference between pension charge and cash contributions	(7,582)	(7,356)
			•M=M
	Net cash generated from/ (used in) operating activities
		E247,825	£142,632

2	Donations and legacies
		Unrestricted	Restricted	2021	2020
		Funds	Funds	Total	Total
		£	£	£	£
	Donations	1,825	2,500	4,325	1,118
		£1,825	£2,500	£4,325	£1,118
					1••=1:61.151ZEN•
	Total 2020	£1,118	f−	£1,118
3	Investment Income
		Unrestricted	Restricted	2021	2020
		Funds	Funds	Total	Total
		£	£	£	f
	Deposit account interest	411		411	2,594
	Leeds Building Society 13 3/8% PIB	4,280		4,280	4,280
		£4,691	£−	£4,691	£6,874
	Total 2020	£6,874	£−	£6,874
4	Income from Charitable Activities
				2021	2020
Grants				891,846	497,605
Secretarial fees				1,930	3,249
Training fees				8,751	45,549
Online job advertising				14,100	22,175
Consultancy				188,534	188,878
Other income				1,486	11,321
Furlough income				7,690
Stringer House rental income				15,495	15,465
Room hire				2,765	35,178
Membership subscription				11,023	11,613
				£1,143,620	£831,033

	2021	2020
Big Lottery −Giving time adult project phase 1		42,109
Big Lottery −Giving time adult project phase 2	95,811	23,878
WYPCC Community Safety Fund	6,000	5,441
Leeds City Council −Young Lives Leeds	81,225	81,225
Big Lottery Fund −Giving time youth project	15,409	60,764
Leeds City Council −Black history	230	1,000
Leeds City Council −ISF Grant	246,300	251,508
Your Consortium −Talent Match		8,620
Leeds City College −Social Action		2,000
Leeds City Council −Greenhouse Project	2,252	6,915
Leeds City Council −Digital Mapping		6,370
Big Lottery −Safeguarding Training	17,510	4,285
Leeds Community Foundation −Healthy Holidays		3,490
Big Lottery−Climate fund	155,520
Big Lottery−Covid 19 Leeds City Response	50,027
Big Lottery−Crisis t o Cohesion	75,210
Leeds Community Foundation −Covid 19 Infrastructure	23,885
Screwfix Foundation −Stairlift	5,000
NAVCA−EP Grant	3,000
Forum Central −Be Collective	20,800
LCC Covid 19	80,000
Forum Central −TS Outbreak Plan	11,667
WYPCC−VRU Grant	2,000
	E891,846	£497,605

	2021	2020
Turnover	189,121	159,904
Administrative costs	(169,629)	(134,249)
Operating profit	19,942	25,655
Gift aid obligation and donations to charity	(19,942)	(25,655)
Retain in subsidiary	£−

Direct costs	Unrestricted	Unrestricted	Restricted	2021	2020
		Funds	Funds	Total	Total
		f	f	f	f
Wages		112,921	482,693	595,614	558,543
Social security		50,717	−	50,717	45,564
Pension		39,397	−	39,397	35,680
PPS and telephone		605	987	1,592	10,867
Sundries		707	2,276	2,983	10,630
Project deliverables		−	16,585	16,585	32,793
Partner organisation pass through funding (Climate Action)		−	120,804	120,804
Professional fees and IT		5,457	94,512	99,969	32,562
Travel and subsistence		202	127	329	6,366
Rent, rates, heat, power and insurance		9,036	30,313	39,349	30,181
		£219,042	£748,297	£967,339	£763,186
Total 2020		£210,606	£552,580	£763,186
				M.1=1,==.11111.a
Support costs	Unrestricted		Restricted	2021	2020
		Funds	Funds	Total	Total
		f	f	f	f
Wages		5,000		5,000	5,000
Auditors remuneration Wages		5,000 127,304		• 5,000 127,304	4,000 116,327
Social security		10,782		10,782	9,436
Pensions		8,376		8,376	7,389
Rent, rates, heat, power and insurance		(15,056)		(15,056)	(9,402)
PPS and telephone		6,447		6,447	5,335
Sundries		708	−	708	(4,973)
Project deliverables		9,566		9,566	12,514
Travel and subsistence		55		55	1,100
Professional fees and IT		(4,124)		(4,124)	(5,854)
Repairs		4,669	98	4,767	24,932
Pension unwinding interest		822		822	562
Pension assumption amendments		1,055		1,055	(992)
Depreciation of tangible fixed assets		6,992		6,992	6,124
Trading company operations		10,754		10,754	7,158
		£178,350	f 98	£178,448	£178,656
Total 2020	•	£178,656	f−	£178,656
		22

		Direct	Support	2021	2020
		Costs	Costs	Total	Total
		£	£	£	f
**Charitable **	activities	967,339	178,448	1,145,787	937,843
		£967,339	£178,448	£1,145,787	E937,843

Net Income/ (expenditure) is stated after charging/(crediting):
	2021	2020
	f
Auditors remuneration−charity	5,000	4,000
Auditors remuneration−subsidiary	1,931	1,842
Depreciation — owned assets	6,992	5,307

10 Staff Costs
	Group	Group	Charity	Charity
	2021	2020	2021	2020
	f	£	f	£
Wages and salaries	727,918	679,870	731,095	683,029
Social security costs	61,499	55,000	61,499	55,000
Other pension costs	47,773	43,069	47,773	43,069
	£837,190	£777,939	£840,367	£781,098

The average num	ber of paid employees (including part−ti	me) was:
		Group	Group
		2021	2020
Permanentstaff	•	24	25
Trustees		16	12
			37

	Unrestricted	Unrestricted
	Designated	General	Restricted	2020
	Funds	Funds	Funds	Total
		f	£	£
INCOME AND ENDOWMENTS FROM
Donations and grants		1,118		1,118
Charitable activities
Grants and similar income		8,621	488,984	497,605
Charitable activities		267,255	66,173	333,428
Trading income		156,745		156,745
Investment income		6,874		6,874
Total Income and Endowments		440,613	555,157	995,770
Expenditure on
Charitable activities	3,166	386,093	552,581	941,840
Total	3,166	386,093	552,581	941,840
Net gains/(losses) on investments		(5,680)		(5,680)
NET INCOME/(EXPENDITURE)	(3,166)	48,840	2,576	48,250
Transfers between funds	20,000	(6,421)	(13,579)
Net movement in funds	16,834	42,419	(11,003)	48,250
RECONCILIATION OF FUNDS
Total funds brought forward	103,166	781,776	43,512	928,454
TOTAL FUNDS CARRIED FORWARD	120,000	£824,195	£32,509	£976,704

		Fixtures and
	Freehold	fittings
	Property		Total
Cost/valuation
As at 1° April 2020	350,000	121,335	471,335
Additions		3,685	3,685
Disposals
As at 31" March 2021	350,000	125,020	475,020
Accumulated depreciation
As at 1" April 2020		83,059	83,059
Charge for the year		6,992	6,992
Eliminated on disposal
As at 31" March 2021		90,051	90,051
Net book value
At 31" March 2021	£350,000	£34,969	£384,969
At 31 March 2020	£350,000	£38,276	£388,276

	2021	2020
Freehold land and buidlings
Historic cost	464,651	464,651
Impairment provision	(114,651)	(114,651)
Valuation	350,000	350,000

	Group	Charity
	E
Quoted investments
Market value at 1" April 2020	58,400	58,400
Net unrealised gains	8,720	8,720
	67,120	67,120
Subsidiary undertaking: cost		2
Market value at 31" March 2021	£67,120	£67,122

Debtors
	Group		Charity
	2021	2020	2021	2020
	£	£	£	£
Amounts falling due within one year:
Amounts recoverable in the	6,251	21,893	5,728	10,316
ordinary course of activities
Amounts owed by group undertakings			33,142	38,605
Other debtors	1,246	2,040	453	986
Prepayments and accrued income	2,060	5,552	2,060	5,552
	£9,557	£29,485	£41,383	£55,459
		MIMONIM•1•011110

	Group		Charity
	2021	2020	2021	2020
	£	£	£	£
Amounts due in the ordinary course of activities	1,052	8,024	1,052	8,024
Funds held for partner organisations	403,551	358,869	14,710	27,595
VAT	17,077	17,668	17,079	17,668
Other creditors	8,250	25,910	901	796
Deferred income	65,332	33,7/8	35,240	47,905
Accrued expenses	31,745	43,938	30,145	24,586
	527,007	488,127	99,127	126,574

19 Movements in Funds	19 Movements in Funds
			At 1"	Incoming	Resources	Other	Other	At 31" March
			April	Resources	Expended	Transfers	Gains & Losses	2021
			2020
Unrestricted funds
General fund			394,439	560,238	(397,392)	(80,997)	8,720	485,008
Redundancy & legal costs			50,000					50,000
Building refurbishment	and	IT	70,000			(24,000)		46,000
improvements
Fixed asset reserve			388,276			(3,307)		384,969
Non charitable trading funds			41,480					41,480
Developing Community Anchors			−			80,000		80,000
			944,195	560,238	(397,392)	(28,304)	8,720	1,087,457
Restricted Funds
Supporting the sector
Third Sector Leeds			−	67,206	(62,984)	(4,222)
Young Lives Leeds			789	81,225	(70,283)			11,731
WYPCC Community Safety Fund			1,427	8,000	(4,580)			4,847
CCG Asset Based Engagement			13,260	−				13,260	.
Equality Leeds				34,533	(34,820)	287
Safer Communities			359	17,510	(16,140)			1,729
Talent Match			5,946	−				5,946
aimate Fund Action			−	155,520	(147,023)			8,497
Supporting Organisations
Training				17,761	(20,884)	3,123
Volunteering				61,235	(68,165)	6,930		−
Small Groups				30,877	(30,799)	−		78
Communications			−	70,736	(92,892)	22,156		.
Big Lottery: Giving Time Adult			981					981
Big Lottery: Giving Time Youth			6,698	15,409	(22,107)			−
Funding Support			1,404					1,404
City Ambassadors			441					441
Leeds City College: Social Action and			702					702
Digital Badges
Big Lottery Giving Time Adult Phase			502	95,811	(65,974)			30,339
2
Be Collective				20,800	(12,189)			8,611
LCF−Covid 19 Infrastructure				23,885	(23,915)	30
Crisis to Community Cohesion				75,210	(75,210)
LCC: Greenhouse−Wythers				2,252	(430)			1,822
			32,509	777,970	(748,395)	28,304		90,388
Total			£976,704	£1,338,208	£(1,145,787)	E	£8,720	£1,177,845

From	1	April	2019	to	31	January	2025:	£11,243,000	per annum	(payable monthly and increasing by 3% each on 1st April)

From	1	April	2016	to	30	September	2025:	£12,945,440 per annum	(payable monthly and Increasing by 3% each on 1st April)
From	1	April	2016	to	30	September	2028:	£54,560 per annum	(payable monthly and increasing by 3% each on 1st April)

	31 March	2021	31 March	2020	31 March	2019
	(Es)		(Es)		(Es)
Present value of provision		30,859		36,564		44,355
			Period Ending		Period Ending
			31 March 2021		31 March 2020
			(Es)		(Es)
Provision at start of period				36,564		44,355
Unwinding of the discount factor (interest expense)				822		562
Deficit contribution paid				(7,582)		(7,361)
Remeasurements−impact of any change in assumptions				1,055		(992)
Remeasurements−amendments to the contribution schedule
Provision at end of period				30,859		36,564

	Period Ending	Period Ending	Period Ending
	31 March	2021	31 March 2020
	(Es)		(Es)
Interest expense		822	562
Remeasurements — impact of any change in assumptions		1,055	(992)
Remeasurements —amendments to the contribution schedule
Contributions paid in respect of future service
Costs recognised in income and expenditure account		1,877	(440)

	31 March 2021	31 March 2020	31 March 2019
	% per annum	% per annum	% per annum
Rate of discount	0.66	2.53	L39