Registered number.. 01984863 Charity numb9r'. 293721 THE HARBOUR CENTRE (PLYMOUTH) {A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Bishop Fleming
THE HARBOUR CENTRE IPLYMOUTHI IA COMPANY UMITED BY GUARANTEEI CONTENT8 Page Trustees. report Inaepenaeni auoiiors. repo on Ihe flnanclal sleMe[lS 7-10 Statement of financial activities 11 Balance sheet 12 Statement of cash flows 13 Notes to the financial statements 14-31
TME HARBOUR GENTFIE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Reference and admlnistrative details ot tne Ghaniy, Its trustees and advisers Trustees Mr C J F Andrews Ms J Carroll Mr J Prinhgrd Ir9.siong.d d hrtAy ?n?ni MsHHart Mr A While Dr B Jameson MrMVW3tts Mrs A Clemenls Mrs J Yeales Company rogi$tèr•d number 01984863 Charity registered number 29372 1 Registered office Hyde Park House Mulley Plain Plymouth Devon England PL4 6LF Company secretary Mr J Prilchard lunlil 29 May 20201 Mrs J Howos (from 29 M2y 20201 Chief executive officer Mrs J Howes Indepenaeni auoiTors 515nop FleiTiliiy LLP Chartered Accountants Sall Quay House 4 North East Quay Sutton HarboLir Plymouth PL4 OBN Page 1
THE HARBOUR CENTRE IPLYMOUTHI IA GOMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT IGONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 1. INTRODUCTION The Harbour Centre (Plymoulhl Is a company limited by guarantee and a registered charity governed by ils Memoranuum ano Article5 Ot Association. I he Uoard ot L)Ireclors ot the Gharitv are ils Trustees for the purposes of charity law and throughout this report are collectively referred to as Trustees. The Trustees present Ihair annual report together with the audited financia5 statements of the oroanisation for the year ended 31 March 2021. The Trustees confirm that the AnnLJ81 Rèport and financial statements of thè company comply wth the current 3talulory requirerNent3. the requirements ol the company's governing document and the provisions of the Charities Statement of Recommended Practice ISORPI FRS102. The organisation qualtfies as srnall company under section 383 of The Companies Act 2006 and therefore a Strategic Report and Director's Report is not required. 2. OBJECTS The Harbour Centre (Plymoulhl implements operational policies and procedures that are in line ifvilh UK national treatment guidelines and standards for drug and alcohol Irealmenl Servi5. The organisalion has been ISO 9001 Certrfied since 2015 and has a robust clinical oovernance and quality assur8nce framework The principal objects of the Company as sel out in ils governing documents are.. al lo promote the prevention of the abuse of alcohol and other substances and to assist individuals and their ramilies surrering theiefrom through the provision of services that address their multiple needs associated with rprovary from 3ddir.tinn or dppendenca on suhstaneèg". bj lo help the prevention of the abuse of alcohol and other substanGtts through the provision of eduGatioii and training ol professionals and volunteers in the field.. and cl ID advance the education of the public about the Inciden and efferl on society of the use. abuse and dependence upon alcohol and other substsnces. Th4$• obj•etS 2r• •nc2pgulat•d within Harbour'g Miggion gtatèmgnt.. Harbour supports people £ufferin9 from the harm caused by the misuse of drugs and alcohol by providing education. prevention and integrated trealment and recovery servIs. J. AL I IVI I l U ALMltvt Ul4J I We Dlan and review our slraleaic aims and activities Ihrouah our annual business Dlannina cycle. Our prim3ry 3Ctivitias includg.. providing substance misuse treatment to adults and young people via individual and group support sessions, which includes advice and inlorm81ion, psychosocial inlervenlions, homelcommunily deloxrfic&lion, and tsupport lo engage with education, training, employment and aGGommodalion,' provldlng support to famlly members affected by drug and alcohol use., working in partnership as part ol The Plymouth Allian in muf(i-agency hubs with stsff from primary health, social services, mental health, police, probation. housing and other charities lo ensure that people are able lo access the best available Irealmenl and atter care servi¢es', providing oiitrpach gnd Inc81ity bSd miilti-agpncy activity focusing on subs12nce migusg gnd its prevention., and delivering information and training sessions lo professionals and volunteers in other organi$*ions and resentS in the community. Page 2
THE HARBOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI TRIIqTFF8' RFpnRT IP.nNTINIIFni FOR THE YEAR ENDED 31 MARCH 2021 IbVNTINU2DI 4. PERFORMANCE All data on structured treatment for adults and young people is uploaded lo the National Drug Treatment Monitoring byslem. A snapshot ol Harbour's key outputs and outcomes In 2L)2U121 are detsiled below. Adutt Community Access Service lexc. CJITI S1fj clionte rfrrod into communty ÈopJieo 122 clients dropped out al referral stsge 437 had a comprehensive assessment form completed 14 clients exiled Irealmenl between comprehensive assessment sla9e and ¢0very plan stage 414 went lo liei 3 208 Opiate 38 Non-opiate 58 Alcohol & Non-opiale 110 Alcohol only In total 1,483 clients were open to tier 3 treatment in 202a121 1.022 Opiate 107 Non-opiale 118 Alcohol & Non-opialé 238 Alcohol only 267 engaged with Brief InleNentions Sharp Young People'5 Service 102 referrals into SHARP 47 young people went onto receive Tier 3 inleNenlions 1 Opiate 28 Non-Opi2to 17 AIGohol & Non-opiate 1 Alcohol only In lolal 80 young people were open lo tier 3 treatment th SHARP in 2020121 2 Opiate 45 Non-Opi>le 28 Alcohol & Non-opiale 5 Alcohol only 5. FUNDING & INVESTMENT Harbour's primary acliwties are commissioned by Public He81th and Plyrnoulh Cty Council as part of The Plymouth Alliance. The org8nisation own- two proparties, Ermington Torrace 2nd Hyde Park House, bnlh nf which generate unresiricied Income vla rental. P8ge 3
THE HARBOUR CENTRE IPLYMOUTHI IA CQMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR eNDeD 31 MARCH 2021 6. FINANCIAL REVIEW The Trustees have a reasonable expectslion that the Company has adequate resources to continue in operation for the foreseeable future. For this reason, they continue to adopt the going concern basis in prepanng the rinanciai siaiemenis. trurtner deiails regar(Jing Ihe aoopiion of the going concern basls can be found In ihe Accounting Policies. The organisalion has achieved a surplus of income over expenditure of £57,310. This surplus is mainly attributable to rental income. Harbour receives money in advance from the Commissioners on ils main contract as 'Bankerf on behalf of the other Alliance members. Thi6 money doas not bolong to Harbour and Harbour doos not have control of these funds. Accordingly, this money has not been recognised in the financial slalemenls. Further details regarding Ihis treatment can be found in the Accounting Policies. Free reseNes are defined as unreslncted reserves noi represenied by fixed assets. A large pafl of rhe Charlty's overall reserves consists of fixed assets (such as Hyde Park House and Erminglon Terrace) rather than aciu81 bdiikliclbli balances that it is able lo spend immediately. Th¢ fixcd a4cl fund represents Ihg value of such asselg and hgs bèen calcul8led wlh relerence lo Ine Dook value less any loans relaiing to the properties. It 15 excluded from the total value of unrestricted reserves in the calculation of free resetves. Thus, free reserves represent those assets thal could be liquidated relatively quickly lo sellle Iiabililies that arise as a result of one off evgntg e.g Iprmin%tinn nf a contract. The oroanisalional ReseNes Policy aqreed In 2017118 aims lo hold free reserves beNveen £150,000-300,000. Al the stsrt of the year the Charity had free reserves of £372,834 and at the ye8r end, the Charity had £421,378 of free reserves, An analysis of free reserves can be seen at note 1810 the financial stalemenls. 7. GOVERNANCE AND MANAGEMENT Board of Directors Th¢ oversight of thè organisation's assets and strategic direction is the responsibility of its Trustees, whose membership on the Board is approved by vote following a robust recruitment, rèferencing and Criminal records Checking proce33. The Tru- ele¢t a Chair tolosd on governancé and convene m*Aètino.¢ Thp. TnJ8tgps hAve complied Wlih their duly Oulllned in section 4 ul Lli¥ Clidrilies AGI 200G to have due regard lo public benefit guidance issued by The Charity Commi33ion. All Trustees engage in an induction programme that involves Trustee training on the organisation's work. This is coordinalod by tha Chair of thg Board and Ihg. f.hip.f F¥p.e.iilive Officer ICEOI. Continued training and development is regulady reviewed and offered lo the Trustees as needs are identified. Senior Leadershi Tea The CEO is rgSPOnsiblg fui tIIv slidtl&9ic iiianagement of the organisation The Senior Lcad¢rThAhip Tetsm ISLTI comprises the CEO, the Head ol Operations and a represeniative senlor manager from partner agenGy Liv¥w¥ll. The SLT works together to agree and action organisational priorities. Rigk Mang p.mg.nt A risk mana9ernent fromework 9uides the dacision making of the Trustees and SLT. Over the last five yèars the organisalion has slrenglhened its policies and structures lo manage the increasing levels of professional risk. This has been achieved primarily through the continual review and imprtsvemenl of recruitment and training stsndards of employees al all levels. Page 4
THE HARBOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUÉDI FOR THE YEAR ENDED 31 MARCH 2021 8. FUTURE nFVELOPMENTS The Trustees swJned off the Strategic Business Plan for 2019120 onwards in 2019. In light of COVID-19, the strategic vision has had lo be adapted, Staff, partners and the people who use our services have been consulted with In regara to fuiure orgdlllbdliviidl arid Alliance aim3. The key 3tratC9ic aims in¢ludad in this plan are détsilAd below. What We Do We work as a p¥rtn+r itr) tlIA. Plymouth Alliance lo support people lo recognise and address the impact of alcohol and drug use so that they can Improve their liveg and tha lives of their loved ones, 3nd rnAke a positive contribution in their community. We do this by using approaches that are proven lo enable positive Ènd sustainable changes. We are careful with the funding we receive, ensurlng Ihai il is used only for the purpose3 that il is intended. How We Fund 11 We finance our work through the POUth Alliance, through public sector contracts, fundraising and by y¥iierating our ¢)wn income. Thi- div&r£ity of funding en4ur&g that 01 Ir wnrk is %iJq13in2ble and innovative. We plan our growrh carefully, ensuring Ilicil w¢ doii'l extend beyond what we can dclivcr or what is needed. How Wp. Promot Wc arc a voice of innovation and good prar.tirp. We have a recognisable brand that clearly defines the ethos of the organisation, the support that we offer, thus ensuring th21 people and communities have an infomied choi. We communicate openly, providing conslruclive feedback and sharing good practice. How We Resource11 We recruit talented professvjnals and volunteers who are committed to making a posftive contribution in the comrnunities we serve. We ensure that oiir gÈ.NirAs are consislenlly of the hiohesl quality. How We Involve We build. delivèr and review our services alongside the people and communities we serve. We pul community engagement al the core of our support, with aim to reduce isolation and increase nppnrtunities. Page ts
THE HARDOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENOED 31 MARCH 2021 STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees (who are also the directors of the Charity for the purposes of company lawl are responsible for preparing the Trustees, report and the financial slalemenls In accordance with applicable law and United Kingdom Accounting sian(Jards (Uniied Kingdom tsenerally Accepted Accounting Prackn'cel. Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees musl not approve the financial slalemenls unless they are satisfied that they give a true and fair ew of the state of affairs of the Charity and of its inGOlllilly ietiuurGe5 and application of resources. incluQing lis income and expenditure, for that period. In prepaiing these financial statements. the Trustees are required lo. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., mAkp. jiJdgp.mtra.ntq 2nA Ac.cniinlina ostimalès that are reasonabla prudont,. state whether applicable UK Accounting Standards {FRS 1021 have been folbwed, subject to any material departures disclosed and explained in the financial slalemenls.. prepare the financial slalemenls on the going concern basis unless r( is inappropriate lo presume that the Charity will continue in business. The Trustees are responsible for keeplng adequaiè accounting records that are sufficient to show And explain the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Charity and enable them to ensure that the financial slalemenls comply wrth the Comp2nigs Apt ?nflR Thp.y Afp. 21.qo responsible for 53feguarding the assets of the Charity and hence for tskino reasonable steps for the prevention and detection ol fraud and other irregularities. Disclosure of infomiation to auditors Each of the persons who are Trustees al the lime when this Trustees, report is approved has confirmed that. so far as that Trust80 is awara, Ihara ig no r•lgvanl audit information of which thc Charit< audilora sre uiiaware, and that Trustee has taken all the steps that ought lo have been taken as a Trustee in order to be aware of any relevant audit information and lo establish that the charitls auditors are aware of that information. Auditors The auditors, Bishop Fleming LLP. have indited their willingness lo continue in office. The designated Twslees wll propose a motion reappointing the suditors at a meeting of the Trustées. Approved by order of the members of the board of Trusiees and signeu on their behalf by.. MrA White Tri i<tg.p. 0at¢'. 0111212021 Page 6
THF HARBOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEE) INDEPENDENT AuniTOR.8' REPORT TO THE MEMBERS OF THE HARBOUR CENTRE IPLYMOUTHI OPINION We h3VP 311flitpd Ihp. finAnr.i31 slalemenls of The Harbour Centre (Plymoulhl Ilhe 'charily'l for the year ended 31 March 2021 whi¢h comprise thc Statcmcnt of Financial Activities, the 8alan¢e Sheet, the Ststamant of cssh 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 Qienerally Accepiecl Accouniing Praciicel. In our opinion the financial st8lemenls'. giv8 a truè and fair view of the stslè of the charitable comp2ny's affairs as al 31 March 2021 and of its InGomin9 r6*ourG¢$ and appllcatlon gf rEsourGes, Includln9 Its Incorne expendllurE for the year then ended., have been properly prepared in accordance with United Kingdom Generally ApIed Accounting Pr>ctlCe'. 2nd have been PlePcii¥d iii ¢aLLUILlaiice willi the requiremeiits of the Companies Act 200S. BASIS FOR OPINION We conducted our audit In accordance 1 Iniemailonal Standards on Audiliiiy IUKI IISAs IUKII and applicable law. Our responsibilities under those standards are further described In the Audrtors. responsibilities for the audit the financlal statements section of our report. We are independent of the charitable company in aceord3nco with Ihg ethical r9quirementq th21 Arp relevant lo our audit of the financial slalemenls in the United Kingdom, including Iliv Fiiiaiicial Reporting Council's Ethical Stondard, and wa have fulfilled our other elhip.Al respDnsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriata to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCFRN In auditing the financial statements, we have eoncluded that the Trustees, use of the going concem basis of accounlinq in the preparation of the financial slalemenls is appropriate. Base(l on the work we have perfomed, we have not identified any material unGertainti8s relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo continue as a goin9 concem for a period of al least twelve months from when the financial ststements are authorised lor issue. Our responsibileS and the responsibilities of the Trustees wlh respect lo gtsing cOnM are described in the relevant sections ol this report. OTHER INFORMATION The olhei information comprises the infonnation included in the Annual r8POrt other than the financial statements and our Auditors. repon Imereon. The Tru5teeb dl¥ It¥pun6ible for the other information containcd within tho Annual report Our opinion on the financial slalemenls does not cover the other infom21ion and, except to the exlenl otherwise explicitly slated In our repon, we do noi express any lortn of a5iurance conGluaion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is mtsleri311y inconsislenl with the fin?nr.i21 qlalemenls or our knoedge obtained in the course of the audit, or oinEtWib¥ éipyears lo be tnalerially mi381gted. If wo id¢nlify suGh malgrial inconsislencieg or %ppArp.nt material misstatements, we are required to determine whether this gives rise to 3 material misslalemenl in the financial statements themselves. If, baséd on the work we have performed. we conclude that there is a material misslatemenl of this other infomalion, we are required lo report that fact. We have nothing to report in this regard. Page 7
THE MARBOUR GENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE HARBOUR CENTRE IPLYMOUTHI ICONTINUEDI OPINION ON OTHER MATTERS PRESCRIBED BYTHE GOMPANIES ACT 2006 In our opinion. based on the work undertaken in the course of the audit.. the information oiven in the Trustees, Report for the finanGial year for whiGh the financial siaternents are prepared is conolotcnl with the financial slalements. the Trustees, Report has been prepared in accordance with applicable kgal requirements. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our knowledge and vnder3tanding of the charitable compeny and its ¢nvironment obtained in tha course of the audit, we have not identified material misslalemenls in the Tiuslees, Report. We havè nothin9 to r&port in rèspect of the followino msllars in relation lo which Companies Arl ?rJa6 requires us to report to you if, in our opinion. adequate accounting records have not been kept, or returns adequate for our audit have not been received Irom branGhe5 Vibiled by us", or the financial slalemenls are not in agreement with thè accounting records and returns,. or certain disclosures of Trustees. remuneration specified by Law are not made,. or we have not received all the information and explanations we require for our audit", or the Ttusleeb weie iiol entitled to prepare the financial statement in aGGord3nc8 with the sm211 cornp8nies regime and lake advantage ol the small companies, exemptions In preparing the Trusiees, Report and from the requirement to prepare a Strategic Report. RESPONSIBILITIES OF TRUSTEE3 As explained more fully In the Trustees, respon3ibilitie5 slal¢ment, the Trustee3 Iwho 8r¢ also tha diroctor& of tho charitsble company for the purposes of company lawl are responsible for the preparation of the financial -fied that thay give a true and fair vipw. fnr siirh internal control a5 the statements and for bcing 4¥ati- Trustees determine is necessary lo enable Ihe piepaialioii of finanGiaS statements that are frcc from mtslerial misslalemenl. whether due lo fraud or error. In pr¢parin9 the financial 4t2taments, thé TrugtAèg Arp. rp.qrJrtnqihlg for assessing the charitable comDany's abilitv to continue cib a goiiig COnGein, dlsclo3ing. a3 appIiGablG, Inatt6 r¢lated to going concern and using tho goino concern basis of 8¢¢ounling unless the Trustees either intend to liquidate the charit8ble company or to cease operations, or have no realistic allernalive but to do so. Page 8
THE HARBOUR CENTRE IPI.YMniiTHI IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE HARBOUR CENTRE IPLYMOUTHI IGQNTINUEDI AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objactives are to obtain reasonable assuran about whether the financial slalemenls as a whole are free from m8terial misslalemenl. whether due to fraud or error, and to issue an Auditors, report that includes our opinion. Reasonable asEuranca is a hiqh level ol assuranc8, but is not a guarantee that an audit conducted In ¢eordanec with ISA£ IUKI will Jlwayg deteel a material miggtatemènl whpn it p.¥ists MiqstAlp.mg.nlq can arise frorn 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 tsken on the basis of these linancia statements. Irrpoi I12ritig.q inr.Iiidino frAithd. are instances of non<omoliance with laws and reoulalions. Vve desian DfoGe(Jures in line with our responsibilities, outlin8d sbovè, lo delecl material misslalemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting PrgularIties. including fraud is detailed bèlow.. Irregul8rf(ies, Including fraua, are insiances of non-compliance willi Itawb aiid regulations. We design procedur¢ in line wlh our responsibilities, outlined above, to deteci maierial misstatefflenis in respecl of irregulaiilie3. including fraud. The extenl lo which our procedures are capable of detecting irrul2r11ies, including fraud is d¢t2iled below. We have considered the nature of the sector, control enmronmenl, and financial perfomiance., We have considered the results of enquiries with management and the Trustees in relation to their own identification and assessment of the risks of irregularities wrthin the Charity., Wp have reviewed the documenlation of key processes and contrvlb aiid perfom*d walkthroushs of transactions to confirm that the systems are operating in line with documenlalion., We have obtained and reviewed the Charity's docLJmenlalion of their policies and procedures relating to.. Identifying. evaluation and complying with laws and regulations and whether they were aware of any instances of non-compliancc., Detecting and respondlng lo the ribKb ul Iraud and whether they have knovlcdge of any actual, suspected or alged fraud., The internal ¢ontrols establi$h8d to mrtigatè risks of fraud or noncompliance with laws and regulations., W¢ have considorad the matters disr.1 isgp.d among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we have considered the opportunities and incentives that may exist within the Lharily for fraud and identifiEd Ili¥ liiyh¥st area of risk lo be in relation to inoomé racognition, with 3 pgrtlCLilar risk in rol2lion to the funds held as custodian. In common wlh all audits under ISAS IUKI w¢ also required to perform specific procedures lo respond to the risk of management override. We havs also obtsined an iindp.rqtAndino of the leoal and regulatory frameworks that the Charity operates in, luuusiiig on provi8ion3 of thosc low and regulations that had a dirant p.ffo.r.t rjn th8 del@rminalion of material amounts and disclosures in the financial stalernenls. The key laws and regulations we considered in this context included the Charities Act 2011, Charrty SORP 2019, UK Companies Act, FRS 102, the Federation of Drugs and Alcohol Professionals and the terms and conditions attaching to material grsnls received by the Charity. In addition, we considered provisions of other laws and regulations that do not have a direct effeci on the financial statements bul compliance with which may be fundamental to the Charitls ability lo operate or avoid a material penalty. These included the Health & Sccial Care Act, data protection legislation, health and safety regulations, and employment legi81ation. Our procedures lo respond lo risks 1dentrfied included the following.. Reviewing the financlal stzlemenl disclosuie$ and testing lo supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial slalgrnénls., Enquiring of man2gemenl in relation to actual and potential claims orlstigalion,. Performing analytical pr£edureS lo identify unusual or unexpected relationships that may indicate risks of material misslalemenl due to fraud., Page 9
THE HARBOUR CENTRE IPLYMOUTFII IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITORS, REPORT TO TIIC MEMBERS OF THE HARDOUR CENTRE IPLYMOUTHI ICONTINUEDI Reviewing board rneeling minutes., ertorming oeiaileQ Iransaciional iesiing in relation 10 the recognlllon of revenue lA a panicular focu5 around the core grant fLJnding agreement 8nd the funds held as custodian.. and In addressing the risk of fraud Ihrough management override of controls. testing thè appropriateness of journal entries and other adiuslmenls.. assessing whether the judgements made in accounting eslim8tes or¢ indiaative of potonlial bia¢', and ovalusting the bueinees rationgla of Significant tran¢9Ction¢ that arg unLJsual or outside the norrnal Gourse of business. We also communicated identified laws and regulations and potential fraud risks lo all members of the engagement team and remained alert to P055ible Indicaiors of fraud or non-compliance wrth laws an regulations ihroughoul the auail. As 8 result of the inherent limrtalions of an audit, there is a risk that not all irreoul8rilies. including a material misslalement in thé financial gt?tg.mp.nt.< nr nrJn4.nmpliAnr.g. with r9gulalion. will be detected by us. This risk inureases the further removed compliance with a law and regulation 18 from the ¢vents and tranoaction rcflcctcd in Ihe financial slslemenls, given we will be less likely lo be aware of it, or should the irregularity occur as a result of fiaud rather than a one-off error, as this may involve inlentional concealment, forgery, collv3ion. omi55ion, or misrepresenlalion. A further description of our responsibilities for the audit of the financial slalemenls is located on the Financial Reporting CounGiI's website al.. www.Irc.org.uklauditorsresponsibililies. This description forms part of our Auditors, Report. A further description of our responsibilities for the audit of the financial slalemenls is Iated on the Financial Reporting Council's website al.. www.frc.or .uklauditorsres onsibililies. This description forms part ol our Auditors, report. USE OF OUR REPORT This report is made solely lo the charitable companls members. as a body, in accordance with Chapter 3 of Part 16 of the Companieo Act 4008. Our audit work has been undèrtakan 80 that wo might s1$14 to the chgrit2ble company's rnembers those matters we are iequired to state to therri iii clll Audiluib, i¥yuII diid lui Iiu ulliei" purpose. To the fullest extent permilled by law, we do not accept or assume responsibility to anyone other than tho charit3ble company 2nd rts membèrs. as a body. for our audit work. for this report, or for the opinions we have formed. Pamo12 Tuekett FCA DChA Isenior statiitory aiiditrtrl for and on behalf of Bishop Fleming LLP Chartered Accountants Slalulory Auditulb Sall Quay House 4 North East Quay Sutton Harbour Plymniilh PL4 OBN Dale. 2011212021 Page 10
THE HARDOUR CENTRE IPLYMOUTHI
IA COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAK tNDED 31 MARCH 2021
Restricted Unrestricted
funds
funds
2021
2021
Total
funds
2021
Total
funds
2020
Note
INCOME FF
TME MARBOUR CENTftE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI REGISTERED NUMBER..01984863 BALANCE 3MEET AS AT 31 MARCH 2021 As restsled ?n?ri 2021 Note FIXED ASSETS Tangible assets Investment pro[rtY 12 1.086,032 217,$00 1,118,656 217.500 13 1,303,532 1,334,156 CURRENT ASSETS Debtors Cash al bank and in hand 14 41,859 700,453 40,777 566,361 22 742.312 607.138 Creditors.. amounts falling due wthin one year 15 1194,3331 1109.6511 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 547.979 497.487 1,861,611 1,831,643 Creditors. amounts falling due after more than one ye8r 16 1381,6731 1419,1151 TOTAL NEf ASSETS 1.469,838 1,412.528 CHARITY FUNDS Restricted lundi Unrestricted funds 18 7,120 1,462,718 1,399,674 TOTAL FUNDa 1,469,839 1 41? 4?R The Truslees acknowledge their responsibilities for complying with the requirements of the Acl with respect to accounting recofds and DreDaralion of financial siatemenis. The financial slalemenls have been prepared in accordance with the provisiDns applicable lo enlilies subject to the small companies regime The Iinancial statements were approved (Iritj dutliurised for issue by the Trustee? and igncd on their behalf by.. MrAWhite Trustee Dale." 0111212021 The notes on pages 14 to 31 fom) part of these financial slalemenls. Page 12
THE HARBOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 As reslaleLI 2020 2021 Cash flows froml lusod inl op•ratin9 a¢tiviti4s Net cash proviued by operating aGlivilies 114,732 166,5651 Cash flovts from investing actlvitles Dividcnds, intcrcknj 3 ond wnt- from inve- SS,046 NET CASH PROVIDED BYI USED IN INVESTING ACTIVJTIES $5,046 11.1111 Cash flows from financing activities Repayments of borrowing 135,6861 133,9291 Net Gash used In flnancing aGtivities 136,8861 133.9291 Change in cash and cash equivalents in the year C83h and cash oquivalcntv at the beginning of the y8ar 134.092 Iq01,6051 S67,966 566,361 Cash and cash equivalents at tne end of the year 700.453 586,361 The notes on pages 14 10 31 fom part of these financial slalements Page13
THE HARBOUR CENTRE IPLYMOUTHI A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 GENERAL INFORMATION The Charity is a ¢ompany limited by guarantee. The members of the Charity are the Trustees named on page 1. In the event of the Charity being wound up, the liabilrty in respect of the guarantee is limited lo £1 per member of the Charity. The Charity was incorporated in the United Kingdom. Details regarding the Gharilys Intormaiion can be seen on the Charity information page. ACCOUNTINfj POLIGIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial slslemenls have bèen prepared In accordance Wilh Ihe Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charili$É preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. the Financial Reporting Standard iivvlicable in the UK and Republi¢ of Ircland IFRS 1021 and tha Companies Ad 2006. The Harbour Centre (Plymoulhl mee15 the definition of a public benefit entity under FRS 102. Assets and Iiabililies are initially recognised at historical cost or transaction value unless otheiSe slated in the relevant aecoijnting policy. 2.2 FUND ACCOUNTING General funds are unrestricted funds which are available for use al the disGietion of the Truste¢s in fiirthprAnce of the gener81 objectives ol the inaniy ana wttlch have nol b¥Eii iJ¥3i9nated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purp03es. The aim and uso of aach dèsignated fLinA is sg.l Dul in the notes to the financial stslemenls. Reslricled funds are funds which are to be used in aG¢ordance with specific reslrictions imposed by donors or which have been raised by the Charity fof particular purposes. The costs ol raising and adminisl•ring such funds grK¥. r.harged against the specifie fund. The aim and use of eacm restllcled fund is set out in the notes lo the financial slalamÈnls. Investment income, gains and losses are allocated lo the appropriate fund. 2.3 GOING CONCERN The accounts have been prepared on the going concem basis. The Trustees consider that the Charity has gLiffir.ip.ni resources available lo meet all commitments as they fall due. The COVID 19 vdiideiiiiG had an impact on fundra1ing in the fingncial year, however thg f.hArity c.t)nlinLJes to lake actions to address this impact, and management are confidenl that all liabilities will be mel as they fall due and the Ihe group continues as a going concern. 2.4 INCOME All income is recognised once the Charity has enlillemenl to Ihg income, it 1$ probable that the income will be received and the amount of income receivable can be measured reliably. other income Is recognised In tne perlod In which it 15 feLeivdLile ciiid to the extent the goods have been provided or on completion of the service. Hage 14
THE HARBOUR CENTRE IPLYMOUTHI {A COMPANY LIMITED BY GUARANTEEI NOTES TO THÉ FINANCIAI STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES Icontiniiedl 2.5 EXPENDITURE Exuendilure is reGoonised on¢e there Is a legal or constructive obligation lo transfer economic benefit to a third paty, rt is probable th81 A transfer of economic benelits wiii De requireo In seiiierrieiil illl the amount of the obligation can be measured reliably. Expenditure is classified by aclivrty. The costs of each activity 8re made up of the total of difftcl costs and shared costs, including support costs involved in undertaking each activity. Dira¢t costs attributable to a single activity are allocated directly io Inai aciivlly. Shared Lublo wliiGlI Gontribule to moff than onc J¢tivity and support costs whieh are not attributable to a single 8ctlV1ty are apponioneo berween inose acLivltles 011 <1 bèJbj> LUI l)isttiit with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Governance costs are th0e incurred in eonneclion wrth adminislralion of the charrty and compliance with constitutional and st3tutory requirements. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading 2clivi11g.s th21 raise funds. 2.6 INTEREST RECEIVABLE Inreresi on fund Iield on deposit is included wh8n rec&iv2blé gnA thp. amount can be measured reli2bly by the Charity., this Is normally upon Iiulifibdlion of the Intercklt paid or payable by Ihp. institution with whom the funds are deposrted. 2.7 TANGIBLE FIXF_D ASSETS AND DEPRECIATION A review for impairment of a fixed asset is carriéd out rf 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 iecognised as impaiments. Impaimient losses are recoqnised in the Stal¢iTltiit of financial octiviti¢- inoorporating income anrl p.xpgndilure account. Depreeiation is charged so as lo allrtale the cost of tangible fixed assets less their resKlual value over their C*Jlimoled ug8ful lives, using thè qlraighl-line method. Depreciaiion is provided on the following bases. 50 years Not depreciaied 5 years Freehold propety Fr&ehold13nd Office equipment 2.8 INVESTMENT PROPERTY Fixed asset inveslrnenls and Investmeni property irillial recognised at thcir trtsns3clion cost 2nd subsequently measured at fair value at the Balance sheet dale. Ljnless fair value Cannot be measured reliably in which case it is measured at cost less Impairmenl. Investment g8ins and losses, whether Tg.Ali%pd or unrealised, are combined and shown in the heading 'Gainsllloss¢sl on invostmentg, in the Jtalemcnt of financial activities incorpnrsling income and expenditure 8ccouni. Page 15
THE HARBOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATÉMENTS FOR THE YEAR ENLIED 31 MARCH 2021 ACCOUNTING POLICIES Icontinuadl 2.9 CASH AT BANK AND IN HAND Cash at bank and in h¥nd inclLidè.q r.ash And short-term hiohly IiqLJid investments wrth a short maturity of Ilii¥v Iiiuiillia vi Ic)? froiii thc dat¢ of acquigili¢)n or oponin9 of tho dopo¢it or Qimilsr scroiint The Charity holds cash on beha of an a5s0¢ialed organisalion. Control of these funds is not held by the Charity but by the senior leadership team of that organisalion. Accordingly, this cash is not recognised in the Lh8nlWs accounis. A PNor year aiJju51rrieiil Iidb beeii recogni5ed to reflect thia treatment. 2.10 LIABILITIES AND PROVISIONS Liabilities are recognlsed when IhEI¢ Is clll obligation at the Dalan¢e aheel dale tsb a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlemènt can be estlmated reliably. Liabiliti¢• are racognised al the amoiinl IhAI thÈ Charity anticipates It wll pay 10 sellie the Uebl or th¥ amount it has reiVed as advanced payments for the goods or services it musl provide. Provisions are measured al the best estimate of Ihe amounts required to settle the obligation. Where Ihe ettect of Ihe lime value of muii¥y i¥ 111(It¥rial, the provision is b&3cd on the prèeènt vsluo of thosg amoun15. discounted al the pre-tax discount rale that refl•ets the rlsks specific lo Ili¥ liiibility. The unwinding of the discount is recognised in the Slalemenl of financial acknvities as a finance cost. 2.11 FINANCIAL INSTRUMENTS The Charity only has financial assets and financial lbilItIeS of a kind that qualfy as basic financial inslrumenls. Basie financial instruments are initially recognised at transaction value and subsequently meagured sl their settlement valLJe with the exception of bank loans which are subsequently meggiirp.d al AmDrtised cost using the etteclive inieresl method, 2.12 PENSIONS Tlie Charsty operate3 o dcfincd Gontribution ponsion schema thg pension charoe represents the amounts payable tsy the Gharity to Ili¥ luiid iii iespect of the year. 2.13 PROGRAMME RELATED INVESTMENTS Progrtsmme related investments Arp. mAde exclusively to further the charitable aims by funding specific aGtivitie8 or r8lat8d t2ngiblg fixed assetg of a third party which. in turn, contribute lo the charitls own charitable purposes. Property that is let out in order to further charitable aims of the Charity as well as the lessor are ¢13ssilied as tangible fixed assets and are accounted for in accordance with the liiiigible fixed assets policy. Page 16
THE HARBOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI NnTÉS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT Eslimales and judgements are continually evalusied and are based on hislorical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstsnces. Critical accounting esiimales and assumpiions.. The company makes eslimales and assurnplions conceming the future. The resulting accounting eslimale5 and assumptions will, by definition, seldom equal the related actual results. Critical areas of judgement.. V8lualion of Investment Property - The investment propety held is a percentage of the freehold property owned which is let uul. Tli¥ percentage of the building tenanted will impact thc value of the investment 8specl of the property. Treatment of funds held for an associated organisalion - Included in the Chartys bank account is cash being hald on behalf ol gn Aosr)r.ialed organisalion. Control of these funds is not held by the Charity bul by the senioi l¢(Id¥ibhip te&ni of that organiation. Aocordingly, this cash ig not rèe(]rJni.qp.d in the Charity's accounts. A prior year adjustment has been recognised to reflect this treatment. INVESTMENT INCOME Unrestricted funds 2021 Total funds 2021 Total funds 2020 54.956 90 65,124 Rental Income Investment income 90 55,046 55.046 65,720 65,720 TOTAL 2020 65,720 Page 17
THE HARBOUR CINTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI NOTES TO TFIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INCOME FROM f.HARITABLE ACTIVITIES Unrestricted funds 2021 Totsl funds 2021 Tota5 funds 2020 Core funding Olh4r funding Sharp funding Alcohol service Ti%iiiiiiig Gourses 1,685,594 1,042 183,627 30,482 1,685,594 1,a4Z 183,627 30.482 17,212 1,805,189 3,568 163.772 44.741 23.156 1,918,757 1,918.757 2,040,427 TOTAL 2020 2.040,427 2,040,427 OTHER INLUMING RESOURGes Unrestricted funds 2021 Total funds 2021 Total funds 2020 Other incomp_ 3,217 TnTAL 2020 3,217 3,217 Page 115
THE HARBOUR CENTRE IPLYMOUTHI IA GOMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATFMENTS FOR THE YEAR ENDED 31 MARCH 2021 ANALYSIS OF EXPENDITURE BY ACTIWTIES Activiti•s undertaken Governance directly costs 2021 Total funds 2021 Total funds 2020 2021 Cliaiitsble exp¢nditure 1,795,092 48,061 1,841,153 2,015,668 TOTAL 2020 1,971.300 44,368 2,015.668 GOVERNANCE COSTS Unrestricted runds 2021 Total funds 2021 Total funds 2020 Auditors, iemuneration Auditors, nnn-audit costs Company secretarial and professlonal fees Wages and salaries P¥ii6ion costs 6,080 6,080 2,220 1,518 34,135 2.108 6,780 2,220 1.605 31,954 1,809 1.518 34,135 2,108 46,061 46,061 44,368 Page1Y
THE HARBOUR CENTRE (PLYMOUTH IA GOMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Totsl funds 2021 Total funds 2020 Staff costs 2021 Deprec'n Other costs 2021 2021 Expenditure on propety Investment managemeni 75,340 Ib,34U YY.>4L) COSTS OF RAISING FUNDS 75.340 75,340 99,540 Expenditure on charitable activities Expenditure on governance 1.446,232 36,243 30,624 318,156 9,898 1,795,012 46,141 1,971,300 44,368 1,482,475 30,624 403,394 1,916,493 2,115,208 TOTAL 2020 1,&86,090 415,697 2.115.208 10. NET INCOMEIIEXPENDITUREI 2021 2020 This ib ¥Lated after ¢harging- Depreciation of tsngible fixed assets.. - owned by the charity Auditoro rcmuncratloll Judit Auditors, remuneration - other services 30,624 6.080 2.220 33,421 6.780 During th• y@2r, nn Tn i<tpps rpr.p.ivp.d Any rp.muneralion12020'. £Nill. Duriiig Ilie year, no Trustees received any benefrts in kind12020'. £Nill. During the year. no Trustees received any reimbursement of expenses12020. £Nill. STAFF COSTS 2021 2020 wages and salaries 1,283,$54 107,432 91,489 1,390,281 11S,702 60,107 SoGial security costs Contribution to defined contribution pension schemes 1.482.475 1,%6,090 Page 20
THE HARBOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 STAFF COSTS Ir.fJNTINUEDI The 8verage number of persons employed by the Charity duThn9 the year was as follows.. 2021 No. 2020 Fulklime Part-time 41 39 19 26 60 65 Tha ntjmber of emplnyees whose employee benefits (excluding employer pension costs) exceeded £60,000 Wclb. 2021 No. 2020 No. In the band £70.001 - £80,000 All Trustees and certain senior employees who have authority and responsiblilily for planning, directing and coiiliulliiig tlic aGtiviti¢a of th¢ Chtsrity ar• congideroA In hg. kp.v manaaemenl personnel as listed on page l. Total remuner8lion, includlng empluy¥i" pension ¢onlribulion- in reEpgcI of these inAividiiAlg is £74,73712020.. £85,502}. Vage d1
THE HARBOUR CENTRE IPLYMOUTHI IA GOMPANY LIMITED BY GUARANTEEI NofES TO THE FINANCIAL STATEMENTS FOR I YÈAR ENDED 31 MARCH 2021 12_ TANGIBLF FIXED ASSETS Freehold property Office equlpment Total COST OR VALUATION Al 1 April 2020 1,6S3,050 144.377 1,797,427 Al 31 March 2021 1,653,050 144,377 1,797,42T DEPRECIATION Al 1 April 2020 Charge for the year 569,751 17,714 111,020 12,910 680.771 30,624 Al 31 March 20?1 587,465 123.930 711,395 NET BOOK VALUE At 31 March 2021 1.065,585 20,447 1,086.032 Al 31 MarGh 2020 1,082,299 33,257 1,118,£5S A net book value amount of £495,000 12020.. £495,000) is included within freehold property which represents a building used as a programme related investment. Page 22
THE HARBOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI NaTE8 TO THE FINANCIAL STATFMFNTS FOR THE YEAR ENDED 31 MARCH 2021 13. INVESTMENT PROPERTY Freehold investment property VALUATION Al 1 April 202a 217,500 Al 31 March 2021 217,500 The 2021 valuations were made by the Trustees. on an open market value for existing use basis. 14. DEBTORS 2021 2020 DUE WITHIN ONE YEAR Tra(Je (Jebiors Other debtors Prepayments and accrued income 34,924 4.506 2.429 23,378 14,647 2,752 41.859 40,777 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR As restated 2020 2021 Bank loans Trade creditors Other taxation and social secumty Other creditors Accruals and deferred income 35.686 46,078 28.350 20.432 63,787 33,930 8,678 31,925 18,259 16,859 194,333 109,651 The above balanGE of bank loans and ovEr¢Jroft6 is secured a98inst th¢ Charity's freehold propety. Page 23
THE HARBOUR CENTRE IPLYMOUTHI IA GQMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARGH 2021 16. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 2020 Bank loans 381,673 419,115 Included within the abgve are amounts falling due as follows.. 2021 •L)*O BETWEEN ONE AND TWO YEARS Bank loan" 35,686 33,929 BETWEEN TWO AND FIVE YEARS B¥nk loans 80.992 101.788 OVER FIVE YEARS Bank loans 264,995 283,398 The aggregate amount ol liabilities payable or repayable wholly or In part more than five ye<ai& dfter the reporting dale is". 2021 ?n?n P8y8ble or repayable by inslalmenls 264,995 257,332 264,995 257,332 The balance above 18 made up of two 100ns. Loan one is rgpayabl8 tsv$r 60 months from drswdown at a rixed iiitere51 rate of 4.53IA p¢r annum. Loan ttvo repayoble over 120 months from dr2wdown al a fix9d interest rale ol a.tsti°/o per annurn. The above balance for bank Iik9ns and overdrafts is secured agalnsi ihe Charity's freehold and investment property. 17. PRIOR YEAR ADJUSTMENTS As oulline(J in noies 2.9 and 3 to the financial sialefTieriib, tlier¥ has been a change in the accounting policy for cash al bank and in hand. The revised policy correctly reflects the nature ot control ovar ihg related balances. Thi5 has resulted in a material impact to the statement of financial position. The prior year adjuglment hA8 rèsullÉd in a decrease of Cash 81 bank and Other creditors of £236,078. Page 24
THE HARBOUR CEhlTRE IPLYMCIllTHI IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 31 March 2021 Balance at I April 2020 Transfers Inlout Income E"xpendiiure UNRESTRICTED FUNDS ESIQNATED FUNDS Fixed Assets Fund Inveglmenl Property 8iiikin9 fund Complex Lives Tender Reorganisalion Business D¥v¥lopiiient 663,611 217.500 40,000 130,6241 35,686 868,673 217,500 50,000 1n,nnn 14,729 91,000 14,729 90,438 15621 1,026.840 131,1861 45,686 1,041,340 GENERAL FUNDS Charitable Funds InVCtrnnt Funds 354,111 18,723 1,918,757 55.046 1,804,233) 175,3401 147,2571 1,571 421.378 372,834 1.973,803 11,879.5731 145,6861 421.378 TOTAL UNRESTRICTED FUNDS 1,399,674 1,973,803 11,910,759) 1,462,718 RESTRICTED FUNDS Naloxone 12,854 15,7341 7,120 TOTAL OF FUNDS 1,412,528 1.973,803 11,916,493) 1.469.838 vage 25
THE IIARBOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. STATEMENT OF FUNDS ICONTINUEDI DESIGNATED FUNDS Flxed assetsllnvestment property In previous years, Gharliy funds hove been used to purchase the pr¢mises at Emington Terrace and othor fixed assets that 8re shown in the Slalemenl ot Financial posltlon. The Gobl ul tlivse &5sds is charged against incorne over their useful life. The income is therefore not available to Spend imme(Jiaiely. Hence, an amount equal to the net book value of fixèd assets and investment properties, after deduction of mortg298 croditors has bpgn dpqianaled. A transfer has been made to represent k)an repayments and dyiidl pvrchaJ¢J in IhG yG¢Jr. Sinking Fund Fund sel aside for the maintenance of propety. Complex Lives Tender Reorganisation This represents funds sel aside for potential reorganisalion eosls as a resu5t of the Complex Lives Tender. Business Development This represeni funds for training, consultancy and so¢ial enterprise activities. RESTRICTED FIINDS Nalgxon Funding received lo provida Naloxone to users. Page d6
THE HARBOUR P.FNTRF IPI YMOUTHI IA COMPANY LIMITED BY GUARANTEEI NOTES Tll THF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS- PRIOR YEAR Balance at 31 March 2020 Balancc at l April 2019 TrAnqfgrq inloul Gainsl ILo89e- Income Exy¢iidilure UNRESTRICTED FUNDS DESIGNATED FUNDS Fixed Assets fund InveslmerTrl Property Sinking Fund r.nmplex Lives Tender Reorg8nisation Business Development 484,5S3 484,833 10,000 133,4211 -An1,259 12til,J331 30.000 188.7801 663.611 217,500 40,000 41.149 {26,420) 14,12Y 91,000 91,000 1,111,535 159,8411 63,926 188,7801 1.026,840 GENERAL FUNDS Charitsble Funds Invesimenl Fund¥ TOTAL UNRESTRICTED FUNDS 354,111 18,723 295.604 52,543 2,043,644 (1,951,211) 65,720 169.5401 133,9261 130,0001 372,834 348.147 2,109,364 {2,020,7511 163,9261 Pag¥ 27
THE HARBOLIR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR I HE YEAR ENDED 31 MARCH 2021 18. STATEMENT OF FUNDS ICONTINUEDI Balance al 31 March 2020 Balance al 1 April 2019 Transfers inloul Gainsl ILos8e81 InGome Expenditure RESTRICTED FUNDS Safer Plymouth Naloxone 44¥ 14491 114.1671 27.021 12,854 ?7 470 114.6161 12.854 Page 28
THE HARBOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATFMFNTS FOR THE YEAR ENDED 31 MARCH 2021 19. SUMMARY OF FUNDS SUMMARY OF FUNDS- CURRENT YÉAR Balance 8t 31 March 2021 Balance at I Aprll 2020 Transfèrs inlout Income Expendlture Designated funds 1,026,840 272,È94 12,854 131,1861 11.97Q 573) 13,7341 45.686 Id5.6861 1,041.340 421,378 7,420 Gener81 funds 1.973,803 Restricted funds 1,412,528 1,973,803 11,916,493> 1.469,838 SUMMARY OF FUNDS- PRIOR YEAR B81ante al 31 March 2020 8alance al 1 April 2019 Transfèrs inloul Gainsl {Lossesl Income Expenditure Designated funds General funds Regtrieled flinds 1.111.535 348,147 27.470 159,8411 2,109,364 12,020,751) 114,6161 63,926 163,926) 188,7801 1,026,840 372,834 12,854 1.487,152 2,109,364 12,095,208) 188,7801 1.412,52¥ 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Investrngnt prnperty Current assets Craditors due within one year Creditors due in more than one ye8r 1.086,032 217,500 735,1g2 1194,3331 {381,6731 1,086,032 217,500 742.312 1194.3331 1381,6731 7.120 TOTAL 7,120 1,462,718 1,469,838 page 29
THE HARBOUR CENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATÉMENTS UK I ME YEAR ENDED 31 MAIiGN 2021 20. ANALYSIS OF NET ASSETS BEfwEEN FUNDS ICONTINUEDI ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Restrictsd Unrastricted funds fund8 2020 2U2U Tol31 fund3 2020 Tsngible fiyp.d A*qP.t8 Inve51menl propety Current assets Creditors due wlhin one year Crcditor" due in morè Ih3n one yèar 1.116.656 217,500 594,284 1109,6511 1419.1151 1,116,656 217,500 607,138 1109,6511 1419.1151 12,854 12,854 1,399,674 1,412,528 TOTAL RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 21. As restated 2020 2021 Nel income for the year {as per Statement of Financial Activitie51 67.310 14,156 ADJUSTMENTS FOR: Depreciation charges Dividends, interests and rents from investments Decreasellincreasel in debtors Increa8elldecrEasEI iii creditors 30,624 155.0461 11,0821 B2,926 33,421 1,111 46,284 1161.5371 NET CASH PROVIDED BYIIUSED INI OPERATING ACTIVITIES 114,732 166,5651 22. ANALYSIS OF CASH AND CASH EQUIVALENTS As reslaled 202Q 2021 Cash in hand 700,453 At the year end, the Charity held £1,353,951 12020. £236.078) within a bank account on behalf of an associated organis&liuii. As the Charity d¢XÈ not control thgsa fundg 2nd in line with thp Asssocialed accounting policy. these funds are not rewniseQ by the Charity. Page 30
THE HAROOUR GENTRE IPLYMOUTHI IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 2.3. ANALYSIS OF CHANGES IN NET DEBT At l April 2020 Cash flows At 31 Mar¢h 2021 Cash at bank and in hand Debt due within 1 year n*kJl duÈ 2fiar 1 ya8r 566,361 133,9301 1419.1151 134.092 11,7561 37,442 700,4S3 135,6861 1381,6731 113,316 169,778 283,094 PENSION COMMITMENTS The Lharry operaies 3 dgfiiied contribution3 pen3ion cheme. The assets of the se.hp.mp are hel(Y separately from those of the company In an Independently administered lurid. The pension co?t charge represents contributions payable by the Charity to the fund and amounted lo £54,657 12020". £60.107). Contnbulions to1811ing £10,43212020.' £8,259) were payable to the fund at tho b21snce sheèt dale 8nd are in¢ludcd in cr8ditors. 25. RELATED PARTY TRANSACTIONS During tha yp.Ar purchases were made from Llvewell Soulliwebl CIC lolalling £Nil 12020.. £2801 all of which has been paid by thè year end. MorriÈ Walls. a Trustee. is a director ot Livewell Soulhwest CIC. During the year, purchases were made from YJW Change Management lotalling £Nil12020.. £7,515) all of whiLlI lia6 been paid by th¢ year ènd. Jane YealFAS. A Trustee. is a partner of YJW Change Management. Rob Smith, 8 Trustee in the prioi year acted as inlerim CEO and was paid £Nil12020.. £6,643) in resped af hig part lime role as CEO on a self-employed basis. 26. CONTROLLING PARTY The Charity Is controlled by the Tiuilrvs. age 31