2021-03-31-accounts - Phab Limited

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

Trustees' Report	3-8
Auditor's Report	9-11
Statement ofFinancial Activities	12
Balance Sheet	13
Statement ofCash Flows
Notes to the Financial Statements	15-25

Auditors:	Jacob Cavenagh &Skeet, 5Robin Hood Lane, Sutton, Surrey SM1 2SW	Jacob Cavenagh &Skeet, 5Robin Hood Lane, Sutton, Surrey SM1 2SW
Bankers:	CAF Bank Limited, Kings Hill, West Mailing, Kent ME19 4TA
	National Westminster Bank pic, Tavistock House,	Tavistock Square, London	WC1H 9XA
Solicitors:	Medlicott &Benson, 5Curates Walk, Wilmington,	Kent, DA2 7BJ
Registered	Summit House, Wandle Road, Croydon CRO 1DF
Office:	(This is also the Principal Office of Phab)
Websites:	www. phab.org.uk and www. phabkids. co.uk

	Unrestricted	Unrestricted	Restricted		Unrestricted	Restricted
		Funds	Funds	Total	Funds	Funds	Total
	Note	2021 f	2021 f	2021 f	2020	2020 f	2020 f
Income from:
Donations and legacies		2$$,121	74,540	373,661	744,604	80,344	824,948
Other trading activities		507		507	36,547		36,547
Investments		17,366		17,366	28,678		28,678
Charitable activities		18,8$6	5,000	23,8$6	38,524	5,000	43,524
Other income		133000		133000	1454		1454
Total Income		400rrs		540 310	049007	85344	935 151
Expenditure on:
Raising funds		302,$13		302,913	372,271		372,271
Charitable activities		300337	1000	310337	437 623	97278	534 901
Total expenditure	4	612250	1000	613250	009004	97278	907 172
Net gains on investments	10	58,500		58,500
Net income/(expenditure)		(83,972)	78,540	(5,432)	39,913	(11,934)	27,979
Transfers between funds	13				1 000	(1000)
Net movement In funds		(83,$72)	78,540	(5,432)	40,913	(12,934)	27,979
Reconciliation offunds
At 1 April 2020		700450	75 500	072030	755537	00522	044 059
At 31 March 2021		z22&8	256JZs	55Lslls	zsL55II	ZL555	szZQ35

						2021	2020
							R
Cash (used In) operating activities						(54,7$2)	(19,212)
Cash flows from Investing activities
Interest income						3,020	3,678
Rental income						~14346	25000
						~17366	28678
(Decrease) / increase in cash and cash equivalents				during the year		(37,426)	9,466
Cash and cash equivalents as	at 1 April					~02700	473284
Cash and cash equivalents as	at 31 March
(I) Reconciliation ofnet movement		In funds to cash used In operating			activities
						2021	2020
						R	R
Net movement in funds						(5,432)	27,979
Add back depreciation charge						11,700	13,495
Deduct interest income shown	in investing		activities			(3,020)	(3,678)
Deduct rental income shown in	investing		activities			(14,346)	(25,000)
Net gains on investments						(58,500)
Decrease /(increase) in stock						110
Decrease /(increase) in debtors						4,618	(11,041)
Increase / (decrease) in creditors (Decrease) in provisions Net cash (used In) operating activities						17,$$$ ~7021 L&%M	(10,148) ~10810~)

Income
Donations and le acies
		2021f	2020
Other donations Legacies Council Grant		346,664 1,677 25000	765,893 59,055
		373,661	824,948
Other tradin income
This income is from the following	trading activities:	2021	2020
		f
Raffies Affiliation fees from Phab clubs Other income		447 60	10,830 2,800 22917
		507	36,547

This income is	from the following	from the following	activities	2021	2020
Independent Living Waterside Holiday		Experiences, Units rental	Jubilee Sailing Trust, Skills for Independence	10,000 138$6	26,175 17,349
				23,8$6	43,524
Other income
				2021	2020
				E	E
HMRC CJRS	grants			133,524
Merchandising	sales			364	1,454
				133,888	1,454

Included in total income for	2020/21 were larger	donations from	the following supp
BBCChildren in Need (third	year ofa three-year	grant)	E45,000
Quies Trust			E20,000
Ashfield Trust			E15,000
Aldenham School			E5,089
Edward Gostling Foundation Florian Charitable Trust			E5,000 E5,000
Johnnie Johnson Trust			E4,500
St.James's Place Charitable	Foundation		E2,500

Governance costs
				2021	2020
				R	R
Auditor's remuneration	—audit services indusive		ofVAT	7,600	7,200
Auditor's remuneration	—accounting	services inclusive ofVAT			400
Auditor's remuneration —under or over provision Governance and professional support for trustees			in the year	(40) 4411	(1,200) 6,311
Directors, staff numbers	and costs
The aggregate payroll	costs were as	follows:		2021	2020
Wages and salaries Social security costs Pension contributions Pension costs ofdefined benefit pension schemes (note 19)				282,426 20,438 21,103 2606	300,530 24,466 24,767 596
				326,573	349,165

		2021f	2020 R
Within one year
Within two to five years
he operating	lease charges for the year were:
		2021	2020
		R
Hire ofplant	and machinery		392

Shares in	subsidiary	undertaking	at	cost
Investment	property

		2021	2020
		R	F
Trade creditors		263	678
Accruals and deferred	income	30,413	9,440
Taxation and social security		8,800	11,359
		3$,476	21,477

				Balance 1.4.2020	Income	Expenditure	Transfer	Balance 31.3.21	Balance 31.3.21
									R
EETPU Centenary Willie Booth Fund	Fund			10,696 4,219					10,696 4,219
Midland Development Work South East Development Work				7,800 2,000					7,800 2,000
Freedom in the Air				7,562	5,000				12,562
ILX MTS Joint Fund				39,754 3557	74,540	(1,000)		113,294 3557
						)		~1	Jg8
				Balance 1.4.201$ f	Income	Expenditure	Transfer	Balance 31.3.20 R
EETPU Centenary Willie Booth Fund	Fund			11,780 4,219		(1,084)			10,696 4,219
Midland Development		Work		6,800	1,000				7,800
South East Development			Work		2,000				2,000
Freedom in the Air				11,635	5,000	(8,073)	(1,000)		7,562
ILX				50,281	77,344	(87,871)			39,754
MTS Joint Fund The JoWebb Award				3,557 250		~250			3,557
						(9z~63