2021-03-31-accounts - Cintre

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Contents ..
Chair's Welcome ..
Our Aims and Objectives. .....
How Our Activities Deliver Public Benefit.
Achievements and Performance		..
Financial Review.
Reserves Policy
Plans for the Future. .
Structure, Governance	and Management
Statement ofTrustees'	Responsibilities. . ..		....20
Auditors.			....20
References and Administrative		Information.
Independent Auditor's	Report tothe Members ofCintre ..		... 23
Statement of Financial	Activities. .
Balance Sheet.			....28
Statement ofCash Flows.
Notes tothe Financial	Statements. .

Company	number:	01495257
Charity number:		280339
Registered	office:	54 St.John's Road
		Clifton
		Bristol
		858 2HG
Operational		Unit 4
address:		Greenway Business Centre
		Doncaster Road
		Bristol
		B510SPY
Trustees:		Phil Harris —Chair
		Marion Billett —Deputy	Chair
		John Clements
		Susan Elstob
		Josephine Winter
		Alison Webber (Resigned December 2020)
		Lesley Farrall (Resigned	January 2021)
		Amresh Sinha —Appointed		1May 2020, Resigned 31		December 2020
		Simon Ball —Appointed	10	November	2020, Resigned	1May 2021
Key Management		Robin Hudswell - Chief Executive Officer —Appointed				4 May 2021
Personnel:		Nick Holder - Deputy Chief		Executive Officer
		Rachel Hoskins - Manager Community			Support Services
		Danny James - Manager	Residential Support Services
		Debbie Mines - Finance	Officer
Secretary:		Robin Hudswell -Appointed		4 May 2021
Bankers:		Cambridge and Counties Bank l.imited
		Charnwood Court
		New Walk
		Leicester
		LE16TE

				Unrestricted	Restricted	Total	Total
				Funds	Funds	2021	2020
			Note	2	2	2	2
Income from:
Donations				54,995	19,356	74,351	15,099
Charitable activities				1,306,964		1,306,964	997,137
Investments				9,935		9,935	873
Other trading	activities						71
Total Income				1,371,894	19,356	1,391,250	1,013,180
Expenditure on:
Raising funds				18,549	2,153	20,702	33,476
Charitable activities				1,508,453	2,775	'I,511,228	1,289,773
Total expenditure				1,527,002	4928	1,531,930	1 323249
Net income / (expenditure)				(155,108)	14,428	(140,680)	(310,069)
Gains/(losses) on	revaluation	offixed assets		(150,621)		(150,621)
Gains/(losses) on	revaluation	of investments		49,467		49,467	(45,435)
Transfers between	funds			5,917	(5,917)
Net movement in	funds			(250,345)	8,511	(241,834)	(355,504)
Total funds brought forward			13	2,346,357	18,206	2,364,563	2,720,067
Total funds carried forward				2,096,012	26,717	2,122,729	2,364563

CINTRE
BALANCE	S	HEE	T		Charity number	280339
AS AT31 MARCH			2021		Company number	01495257
					2021		2020
					2
				Note
Fitted assets
Tangible assets					1,755,668	1,915,175
Investments					230,107		254,640
					1,985,775	2,169,815
Current assets
Debtors				10	135,100		63,586
Investments					8,000		174,050
Cash at bank					100,413		26,950
					243,513		264,586
Creditors: amounts			falling due
within one		year			106,559		(69,838)
Net current assets					136,954		194,748
Net assets					2,122,729	2,364,563
Funds
Restricted funds				14	26,717		18,206
Unrestricted	funds
General	funds			14	331,458		431,182
Designated		funds		14	1,764,554	1,915,175
					2,122,729	2,364,563

				2021	2020
Net cash	inflow from operating	activities	17	(160,230)	(214,474)
Non-operational cash flows
Investing	activities
interest from investments				9,935	873
Proceeds	from sale oftangible fixed assets				474,301
Redemption from sale oftangible		fixed assets			13,791
Purchase	of tangible fixed assets			(16,292)	(6,798)
Purchase	of investments				(300,000)
Deposits on current asset investments				166,050	(36,861)
Withdrawals from current asset investments				74,000
				233,693	145,306
Financing	activities
Repayment	of borrowing				(24,570
					(24,570)
Net inflow	for the year		18	73,463	93,738
Cashflow	restrictions

Income from: Donations
	Unrestricted	Restricted	Total	Total
	Funds	Funds	2021	2020
	2	2	2
Donations	225	4,706	4,931	2,335
Grants	54,770	14,650	69,420	12,764
	54,995	19,356	74,351	15,099

Income from: Charitable	activities
		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
		2	2	2	2
Service user contribution		10,661		10,661	4,596
Cintre House service user	income	404,388		404,388	442,380
Severnoaks service user income					145,382
Reachout service user income		197,476		197,476	234,762
In Via service user income		152,798		152,798	75,870
Cintre Point Weston service user income		83,728		83,728	23,721
Graham Court service user income		64,756		64,756
Homeward service user income		185,898		185,898
Statutory benefits		26,754		26,754	32,438
Management consultancy	income	180,505		180,505	37,988
		1,306,964		1,306,964	997,137

Total expenditure
			Raising	Charitable	Support	Total
			funds	activities	costs	202'1
			6	2	6	2
Grants payable				(386)		(386)
Staff costs (note 6)			2,653	940,408	233,696	1,176,757
Rent, rates and water				38,246	47	38,293
Light and heat				10,261		10,261
Repairs and maintenance			2,153	20,025	452	22,630
Insurance				914	16,468	17,382
Motor and travel costs				14,625	1,328	15,953
Legal and professional				10,979	21,742	32,721
Telephone			41	10,185	1,635	11,861
Other office expenses				6,175	38,388	44,563
ITcosts				15,425	11,811	27,236
Recruitment				7,871	1,200	9„071
Marketing and fundraising			15,840			15,840
Statutory controls				557	98	655
Depreciation					25,178	25,178
Training programme				13,526	2,725	16,251
Food			15	12,647	114	12,776
Household expenses				4,771	9	4,780
Counselling, education	and events			2,431	759	3,190
Audit fees					8,400	8,400
Printing, postage and stationery				542	248	790
Bank charges					295	295
Management consultancy		costs		37,433		37,433
Sub- total			20,702	1,146,635	364,593	1,531,930
Allocation of support costs				364,593	(364,593)
Total expenditure			20,702	1,511,228		1,531 930

Prior year comparative
			Raising	Charitable	Support	Total
			funds	activities	costs	2020
			2	2	2	2
Staff costs (note 6)			24,328	660,338	227,702	912,368
Rent, rates and water				21,241	575	21,816
Light and heat				11,722		11,722
Repairs and maintenance			953	48,295	3,776	53,024
Insurance				272	13,759	14,031
Motor and travel costs			157	23,393	3,210	26,760
Legal and professional				13,126	9,185	22,311
Telephone			235	7,455	1,646	9,336
Other office expenses			30	6,277	49,882	56,189
ITcosts			250	6,085	3,850	10,185
Recruitment				2,590	1,125	3,715
Marketing and fundraising			21	336	5,031	5,388
Statutory controls			4	3,007	(908)	2,103
Depreciation					52,694	52,694
Training programme				13,787	11,476	25,263
Food			630	12,'I31	563	13,324
Household expenses				189		189
Counselling, education	and events		158	3,583	2,358	6,099
Audit fees					7,200	7,200
interest payable				367	(8)	359
Pdnting, postage and stationery				146	1,249	1,395
Bank charges					428	428
Loss on disposal of fixed assets				54,575		54,575
Project expenditure			6,710	5		6,715
Management consultancy		costs		6,060		6,060
Sub- total			33,476	894,980	394,793	1,323,249
Allocation of support costs				394,793	(394,793)
Total expenditure			33,476	1,289,773		1,323,249

Net income fo This is stated	r the year after charging:
			2021	2020
			2	2
Depreciation			25,178	52,694
Auditors' remuneration:
Statutory audit			8,400	7,200
Trustees' remuneration
Reimbursement	of Nil (2020:4) Trustees'	meeting expenses		834
Staff Costs and Numbers
The aggregate	payroll costs were:
			2021	2020
			2	2
Wages and salaries			960,135	808,207
Social security	costs		74,371	58,789
Pension costs			29,576	25,321
Subcontract and sickness cover			112,675	20,051
			1,176,757	912,368

			2021	2020
			No.	No.
Average	head	count	48	42

Tangible fixed assets
	Land and	Plant and	Motor
	Bugdlngs	Machinery	Vehicles	Total
	2	2	2	2
Cost or valuation
At 1 April 2020	2,000,000	63,873	22,000	2,085,873
Additions		16,292		16,292
Revaluation	250,000			250,000
At 31 March 202f	1,750,000	80,165	22,000	1,852,165
Depreciation
At 1 April 2020	99,379	53,231	18,088	170,698
Charge for the period	17,500	6,699	979	25,178
Revaluation	99,379			99,379
At 31 March 2021	17,500	59,930	19,067	96,497
Net book value
At 31 llilarch 2021	1,732,500	20,235	2,933	1,755,668
At 31 March 2020	1,900,621	10,642	3,912	1,915,175

	Investments
			2021	2020
			2
	Cash and cash equivalents
	Market value	at 1 April 2020	254,640	75
	Acquisition at	cost		300,000
	Disposals at cost		(74,000)
	Net gain/(loss)	on revaluation	49,467	45,435
	Market value	at 31 March 2021	230,107	254,640
	Historical cost		226,050	300,050
10	Debtors
			2021	2020
	Trade debtors		64,696	33,650
	Prepayments	and accrued income	66,366	25,873
	Other debtors		4,038	4,063
			135,100	63,586

Creditors: amounts	falling due within one year
		2021	2020
Trade creditors		47,972	30,227
FAYE and social security		30,485	16,289
Other creditors		3,180	3,831
Accruals and deferred	income	24,922	19,491
		106,559	69,838

As at 31 March 2	021 the chari	ty had ann	ual com	mitments un	der non-cancella	ble operating le	ases as set out	below	:
							Assets other	than	land and
							buildings
							2021		2020
Operating leases which expire within:							2
Less than 1 year							28,165		19,929
Movement in funds
Year ended 31 Illlarch 2021
						Gains/
						(Losses) on
		1 April 2020		Income	Expenditure	revaluation	Transfers	31	March 2021
			2	2	2	2	2		2
Restricted funds
Edward Gostling	Foundation	1,558							1,558
Dalai Lama Trek	- Health 8
Fitness			185						185
Hallmark Hume-
Community Hub		4,920			(2,153)				2,767
Hallmark Hume-
Refurbishment		7,428							7,428
The Big Lottery Fund		2,909			(15)				2,894
Bungee Jumping	fund	1,206		279					1,485
National Lottery Community
Fund				10,000					10,000
Merchant Ventures				2,760	(2,760)
Quartet Grant				5„917			(5,917)
Neighbourly Community
Fund				400					400
		18,206		19,356	(4,928)		(5,917)		26,717

Movement in funds (continued)	Movement in funds (continued)	Movement in funds (continued)
Unrestricted funds
Designated funds
Capital fund
Historical cost			905,915					905,915
Revaluation reserve			1,009,260			(150,621)		858,639
General funds			431,182	1,371,894	(1,527,002)	49,467	5,917	331,458
			2,364,563	1,391,250	(1,531,930	101,154		2,122,729
Year ended 31 March 2020
						Gain on
		1	April 2019	Income	Expenditure	revaluation	Transfers	31 March 2020
			2	2	2	2	2	2
Restricted funds
Burgess Salmon Charitable
Trust			150		(150)
Edward Gosling Foundation				1,558				1,558
Dalai Lama Trek- Health		&
Fitness			267		(82)			185
Hallmark Hume-
Community Hub			1,184	10,000	(6,264)			4,920
Hallmark Hume-
Refurbishment			8,000		(572)			7,428
The Big Lottery Fund			2,909					2,909
The D'Oyly Club Charitable
Trust			899		(899)
Bungee Jumping	Fund			1,206				1,206
			13,409	12,764	(7,967)			18,206
Unrestricted funds
Designated funds
Capital fund
Hisroricai cost			1,204,478		(305,361)		6,798	905,915
Revaluation reserve			1,299,260		(290,000)			1,009,260
General funds			202,920	1,000,416	(719,921)	(45,435)	(6,798)	431,182
			2,720,067	1,013,180	(1,323,249)	(45,435)		2,364,563

Analysis of net assets at 31 March 2020
	Unrestricted	Restricted	Total
	2	8	2
Tangible assets	1,915,175		1,915,175
Investments	254,640		254,640
Other assets	176,542	18,206	'I94,748
	2,346,357	18,206	2,364,563

16	Prior year comparative
					Unrestricted	Restricted	Total
					Funds	Funds	2020
					2	2	2
Income from:
	Donations				2,335	12,764	15,099
	Charitable activities				997,137		997,137
	Investments				873		873
	Other trading activities				71		71
Total income					1,000416	12,764	1,013,180
Expenditure on:
	Raising funds				26,408	7,068	33,476
	Charitable activities				1,288,874	899	1,289,773
Total expenditure					1,315,282	7,967	1,323,249
Net	income / (expenditure)				(314,866)	4,797	(310,069)
Gains/ (losses) on revaluation		offixed assets			(45,435)		(45,435)
Net	movement In funds				(360,301)	4,797	(355,504)
Total funds brought forward					2,706,658	13,409	2,720,067
Total funds carried forward					2,346,357	18,206	2,364,563
17	Reconciliation of net movement		in funds to	net cash inflow from operating	activities
						2021	2020
							2
	Statement of Financial Activities: Net movement			in funds		(241,834)	(355,504)
	Depreciation					25,178	52,694
	(Gains)/losses on investments					(49,467)	45,435
	Interest from investments					(9,935)	(873)
	Revaluation offreehold property					150,621
	Loss/(profit) on sale of fixed	assets					54,575
	(Increase)/decrease in debtors					(71,514)	(4,946)
	Increase/ (decrease) in creditors					36,721	5,855
	Net cash outflow from operating		activities			160,230	214,474

18	Analysis ofchanges	in cash flow during the year
				2021	2020	Change
				2	2
	Cash at bank and in	hand		100,413	26,950	73,463
				2020	2019	Change
	Cash at bank and in	hand		26,950	120,688	93,738
19	Analysis ofchanges	in net debt
			At	Cash	Non cash	At
			01-Apr-2020	flows	flows	31-Mar-2021
			2	2	2	2
	Cash and cash equivalents
	Cash		26,950	73,463		100,413
	Total		26,950	73,463		100,413
			At	Cash	Non cash	At
			01-Apr-2019	flows	flows	31-Mar-2020
			2		2	2
	Cash and cash equivalents
	Cash		120,688	93,738		26,950
	Total		120,688	93,738		26,950