2021-03-31-accounts - Nucleus Community Action Ltd

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		Page
Directors' and Trustees'	Report	2 —6
Auditor's Report		7 —9
Statement ofFinancial Activities		10
Balance Sheet
Statement ofcash flows		12
Notes to the Accounts		13—24

							Unrestricted	Restricted
						Notes	Funds	Funds	2021	2020
								F	6	8
Income
Grants, donations and legacies								223,929	223,929	222,938
Income from	charitable		activities:
Donations							12,840		12,840	13,041
Grants and contracts						3	171,812	582,552	754,364	501,774
Investment income:
Bank interest							1,042		1,042	1,441
Total income							185,694	896481	992 175	739 194
Expenditure
Expenditure	on charitable			activities
Others						5,14	148,536	715,932	864,467	673,447
Total expenditure							148536	715 932	864,467	673447
Net income	I(expenditure)				and net
movements	in funds for			the year before
transfers							37,158	90,550	127,707	65,747
Transfer between funds						14
Net movements of		funds					37,158	90,550	127,707	65,747
Reconciliation offunds:
Total funds,	brought	forward					672,728	262,011	934,739	868,992
Total funds,	carried	forward					709,886	352,561	1,062,446	934,739

					2021f	2020f
Net cash (used in)/generated		from operating		activities	255 275'	~117411
Cash flows from investing	activities
Purchase oftangible fixed assets
Interest received					1,042	1,441
Interest paid						(95)
Cash (used in) / generated	by	investing	activities		1,042	1,346
Repayment of bank loans						(8,146)
Cash (used in) / generated	in	financing	activities			8,146
Change in cash &cash equivalents in the			year		206,314	~724 211
Cash &cash equivalents at	the	beginning	ofthe	year	574,145	698,356
Total cash &cash equivalents		at the end ofthe year			780,459	574,145

ANALYSIS OF EXPENDI	T	U	R	E
											Debt
										Counselling
										and othersf			2021 F			2020f
Staff costs											635,510		635,510		475,450
Staff and volunteer training			and		expenses						8,204		8,204			20,093
Communications											35,521		35,521			11,305
Equipment rental											3,999		3,999			2,322
Subscriptions and Insurance											11,094		11,094			10,982
Computer and websites											10,800		10,800			10,980
Depreciation											9,130		9,130			10,619
Loss on fraudulent activity		recovered				plus interest					(34,542)		(34,542)
Loss due to fraudulent activity				on charity's bank account												30,995
Support costs (Note 6)											176,951		176,951			88,314
Governance costs (Note	6)										7,800		7,800			12,387
											864,467		864,467		673,447
Of the 6864,467 expenditure in 2021 (2020 - 6673,447), f148,536 6236,579)and f715,932to restricted funds (2020 - 6436,868).											was charged		to general	funds		(2020
SUPPORT COSTS
The charity initially identifies				the costs of its support			functions.		It then		identifies	those costs which			relate to the
governance function. Governance costs and other							support costs			are apportioned		separately between				charity's
key activity undertaken	(see			note 5) in the year.			All	the general		support and		governance costs			have been
apportioned to the various		charitable				activities on the basis ofstaff				time	allocated	to	each activity.
							General			Governance
							Support E				Function		2021			2020 f
Office expenses and supplies								8,796					8,796			9,860
Marketing								10,784					10,784			10,037
Premises and equipment		costs						98,697					98,697			41,163
Computer consumables								7,577					7,577			9,878
Fundraising								39,827					39,827			2,400
Legal and professional costs								575					575			1,827
Subscriptions and Insurance																1,559
Bookkeeping								3,265					3,265			5,885
Bank charges								216					216			225
Loan interests																95
Sundry								7,215					7,215			5,385
Audit fees											7,800		7,800			9,050
Management committee's			expenses													927
Consultancy																2,410
							176,951				7,800		184,751			100,701

NET INCOME / (EXPENDITURE) FOR THE YEAR
This is stated after charging:	2021f	2020
Depreciation oftangible fixed assets	9,130	10,619
Auditors' remuneration —current year audit	7,800	7,200
Auditors' remuneration —previous year audit		1.850

		2021f	2020 f.
Salaries		563,480	417,241
National	Insurance	55,499	41,533
Pension	contribution	16,172	12,490
		635151	471,264

age number of full- time equivalent emplo	yees (including casual and part-time staf	f) was as fol
	2021	2020
Advice	17	12
Administration	2	2
	19	14

10.	TANGIBLE FI	XEDASS	ETS
				Leasehold
				land and	Plant and	Fixtures
				buildings F	equipmentf	and fittingsf	Totalf
	COST
	As at 1st April	2020		486,757	42,427	61,796	590,980
	Disposals
	As at 31st March 2021			486,757	42,427	61,796	590,980
	DEPRECIATION
	As at 1st April	2020		144,409	42,427	61,796	248,632
	Charge for the	year		9,130			9,130
	Disposals
	As at 31st March 2021			153533	42,427	61,796	457 78L
	NET BOOK VALUES
	As at 31st March 2021			333218			333218
	As at 31st March 2020			342 348			342 3411
11.	DEBTORS
						2021f	2020f
	Trade debtors					61,938	102,445
	Other debtors					53	9
	Prepayments	and accrued income				34,309	8,790
						96300	111244
12.	CREDITORS:	amounts	falling due	within one year
						2021f	2020f
	Other taxation	and social security				31,068	19,776
	Trade creditors					28,849	13,421
	Other creditors					85,170	57,356
	Accruals and	deferred	income			2,444	2,445
						147531	92998

				2020
				f.
Balance	as at 1st	April		144,111
Amount	released	to income	in the year	(144,111)
Amount	deferred	in the year
Balance	as at 31st March

MOVEMENT IN FUNDS
			Balance as				Balance as
			at 01.04.20f	Incomef	Expenditure F	Transfersf	at 31.03.21f
RESTRICTED FUNDS:
Redundancy			857				857
Debt Couselling			255,420	532,272	(531,659)		256,033
City Bridge Money project			5,734		(4,917)		817
Trust for London				87,500	(87,500)		(0)
Covid-19 related grants
Toynbee Hall				44,232	(2,632)		41,600
Access to Justice				45,400	(31,424)		13,976
Kensington+Chelsea	Foundation			28,045	(10,308)		17,737
City of London				14,372	(2,565)		11,807
National Lottery				48,660	(38,927)		9,733
CAF Coronavirus Emergency		Fund		6,000	(6,000)
			262,611	I!06461	~715,932		352 561
DESIGNATED FUNDS:
Staff contingency fund			120,000			65,000	185,000
Building maintenance			30,000			55,000	85,000
Furniture and equipment			12,000				12,000
Computer development			20,000				20,000
New office fund						45,000	45,000
			182,000			165,000	347,000
GENERAL FUNDS:			490,728	185,694	(148,536)	(165,000)	362,886
Total unrestricted funds			672,728	185,694	(148,536)		709,886
Total funds			934,739	992,175	(864,467)		1,062,446

Movement in funds —previous
	Balance				Balance
	as 01.04.19f	Incomef	Expendituref	Transfers	as 31.03.20f
RESTRICTED FUNDS:
Redundancy	857				857
Debt Couselling	154,899	491,499	(390,978)		255,420
City Bridge Money project	2,418	20,667	(17,351)		5,734
Garfield Weston	10,000		(10,000)
Trust for London		35,000	(35,000)
	168,174	547,1I!6	~453 329		262,011
DESIGNATED FUNDS:
Staff contingency fund	120,000				120,000
Building maintenance	30,000				30,000
Furniture and equipment	12,000				12,000
Computer development	20,000				20,000
	182,000				182,000
GENERAL FUNDS:	518,818	192,028	(220,118)		490,728
Total unrestricted funds	700 8111	192 028	7220,1187		672 728
Total funds	868,992	739,194	(673,447)		934,739

ANALYS	IS OF NET ASSETS BETWEEN F	UNDS
		Unrestricted	Restricted	Total
		E	6	E
Tangible	fixed assets	333,218		333,218
Net current assets I (liabilities)		376,667	352,561	729,228
		709,885	352,561	1,062,446

Analysis offund balances	Analysis offund balances	Analysis offund balances	between	between	net assets	—previous	—previous	year
							Unrestricted			Restricted	Total
									6	E
Tangible fixed assets								342,348			342,348
Net current assets / (liabilities)								330,380		262,011	592,391
								672,728		262,011	934739
RECONCILIATION OF		NET		MOVEMENTS		IN	FUNDS	TO	NET	CASHFLOW FROM	OPERATING
ACTIVITIES
										2021f	2020f
Net movement in funds										127,707	65,747
Investment income										(1,042)	(1,441)
Finance cost											95
Add back depreciation										9,130	10,619
Decrease / (Increase)	in	debtors								14,944	11,969
Increase / (Decrease)	in	creditors								54,533	(204,400)
Net cash generated / used			in operating		activities					205,273	117,411