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|---|---|---|---|
|**Charity Name:**|**Teen Challenge**|**UK**||
|**Registered Numbers:**|**Charity Number**||**298900**|
||**OSCR Number:**||**SC039475**|
|**Principal Office:**|**Willoughby House**|||
||**Station Road**|||
||**Upper Broughton**|||
||**Leicestershire**|||
||**LE14 3BH**|||
|**Website address:**|**www.teenchallenge.org.uk**|||
|**Trustees:**|**P A Hills**|||
||**J Fallon**|**(appointed 16 September 2020, resigned 22 February 2021)**||
||**G McKim**|||
||**J Wellavise**|||
||**TM McCurry**|**(Chairman)**||
||**S Reilly**|||
||**D Williams**|||
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|**Registered Auditors:**|**A.shmole & Co**|
|---|---|
||**Chartered Certified Accountants & Registered Auditors**|
||**First Floor**|
||**1 St John's Court**|
||**Upper Fforest Way**|
||**Enterprise Park**|
||**Swansea**|
||**SA6 8QQ**|
|**Bankers:**|**Barclays Bank Plc**|
||**16 Vaughan Street**|
||**Llanelli**|
||**SA15 3UE**|
|**Solicitors**|**Dutton Gregory**|
||**48/50 Parkstone Road**|
||**Poole**|
||**BH15 2PG**|
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|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
||**Notes**|**funds**|**funds**|**2021**|**2020**|
|**Income from:**||||||
|**Donations and legacies**|**3**|**843,696**|**40,882**|**884,578**|**798,939**|
|**Charitable activities**|**4**|**1,552,864**|**−**|**1,552,864**|**1,549,552**|
|**Other trading activities**||||||
|**Charity Shops**|||||**13,928**|
|**Investments**|**5**|**85,486**||**85,486**|**79,914**|
|**Other**||**26,580**||**26,580**|**43,026**|
|**Total Income**||**2,508,626**|**40,882**|**2,549,508**|**2,485,359**|
|**Expenditure on:**||||||
|**Raising Funds**|**6**|**45,532**||**45,532**|**97,091**|
|**Charitable activities**|**7**|**2,582,529**|**40,898**|**2,623,427**|**2,936,646**|
|**Total Expenditure**||**2,628,061**|**40,898**|**2,668,959**|**3,033,737**|
|**Net income/(expenditure)**||||||
|**before transfers**||**(119,435)**|**(16)**|**(119,451)**|**(548,378)**|
|**Transfer between funds**|**17**|||||
|**Net (expenditure)/income**||||||
|**before revaluations**||**(119,435)**|**(16)**|**(119,451)**|**(548,378)**|
|**Net gain on investments**||||**−**|**127,373**|
|**Net movement in funds**||**(119,435)**|**(16)**|**(119,451)**|**(421,005)**|
|**Reconciliation of Funds**||||||
|**Total funds brought forward**||**4,434,913**|**447,478**|**4,882,391**|**5,303,396**|
|**Total funds carried forward**||**4,315,478**|**447,462**|**4,762,940**|**4,882,391**|
||||**.1•1••===.1**|||
||**Balance Sheet**|**Balance Sheet**|**Balance Sheet**|||
|---|---|---|---|---|---|
||**at**|**31March**|**2021**|||
||||**2021**||**2020**|
||Notes||£ •|||
|Fixed assets||||||
|Tangible assets|**12**||3,290,908||4,009,201|
|Investments|**13**||525,000||525,000|
|**Total fixed**assets|||3,815,908||4,534,201|
|**Current assets**||||||
|**Debtors**|**14**|55,735||281,641||
|Cash at bank and in hand||1,009,402||312,582||
|||1,065,137||594,223||
|Creditors: Amounts falling due||||||
|within one year|**15**|(118,105)||(246,033)||
|**Net current assets**|||947,032||348,190|
|**Total assets less current liabilities**|||4,762,940||4,882,391|
|Net assets|||4,762,940||4,882,391|
|Represented by:||||||
|Unrestricted funds|**16**||4,315,478||4,434,913|
|Restricted funds|**17**||447,462||447,478|
||||4,762,940||4,882,391|
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||**2021**|**2020**|
|---|---|---|
|**Cash flows from operating**activities|||
|Net (expenditure)/income for the financial year|(119,451)|(421,005)|
|Adjustments for:|||
|Depreciation o f tangible assets|73,817|84,106|
|Interest paid|3,600|2,400|
|Loss on disposal of tangible assets|9,155|82,928|
|Interest received|(1,326)|(6,000)|
|Cash received from rent on investment properties|(9,925)|(6,525)|
|Deduct gains on investments||(127,373)|
|DeCrease in trade and other debtors|225,906|66,034|
|(Decrease)/increase in trade and other creditors|(4,474)|16,148|
|**Cash (to)/from operations**|177,302|(309,287)|
|**Cash flows from investing activities**|||
|Proceeds from sale o f tangible assets|653,816|10,580|
|Purchase o f tangible assets|(18,495)|(7,079)|
|Interest received|1,326|6,000|
|Cash received from rent on investment properties|9,925|6,525|
|**Net cash from investing activities**|**646,572**|**16,026**|
|**Cash flows from financing activities**|||
|(Decrease)/increase in bank loan and other loans|(123,454)|122,594|
|Interest paid|(3,600)|(2,400)|
|Net cash**gained/(used) in financing activities**|**(127,054)**|**120,194 .**|
|**Net increase/(decrease) in cash and cash equivalents**|**696,820**|(173,067)|
|Cash and cash equivalents at start of year|312,582|485,649|
|Cash and cash equivalents at the end of the year|1,009,402|312,582|
||1111••••=•||
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|Note|s**to the Accounts for**the year ended|31 March 2021||||
|---|---|---|---|---|---|
|2|Net income/(expenditure)|||||
||||**2021**||**2020**|
||The net income/(expenditure) for year is stated after|||||
||charging:|||||
||Audit Fee||7,140||6,930|
||Depreciation and other amounts written off tangible|||||
||fixed assets:|||||
||Owned Assets||73,605||89,090|
||Profit/(loss) on Disposal o f Fixed Assets||9,155||(82,928)|
||Staff Pension Costs||62,388||68,821|
|**3**|**Donations and legacies**|||||
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**funds**|**funds**|**2021**|**2020**|
||Residential rehabilitation|765,764|3,984|769,748|728,489|
||Outreach centres|76,867||76,867|69,465|
||National training school|1,065|−|1,065|985|
|||843,696|3,984|847,680|798,939|
||Government Grants:|||||
||Coronavirus job retention scheme||36,898|36,898||
|||**843,696**|**40,882**|**884,578**|**798,939**|
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||**Unrestricted**|**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**Total**|**Total**|
|||**2021**|**2020**|
|Residential rehabilitation||1,535,436|1,534,724|
|National training school||17,428|14,828|
|||1,552,864|1,549,552|
|||. • • • • • 1 1 = 1 1 . 1 • = 1|li=i1111•1=1111|
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||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**Total**|**Total**|
||**2.021**|**2020**|
|Income from U K investment properties|9,925|6,525|
|Bank interest receivable|1,326|459|
|Other interest receivable|−|5,541|
|Rental income|74,235|67,389|
||85,486|79,914|
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||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**Total**|**Total**|
||**2021**|**2020**|
|Costs o f generating voluntary income|43,519|51,137|
|Charity shops|−|42,040|
|Investment property management costs|2,013|3,914|
||45,532|97,091|
|**Cost o f charitable activities —**|**by fund type**||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**fluids**|**funds**|**2021**|**2020**|
||**£**|**i**|**£**|**£**|
|Residential rehabilitation|2,434,412|40,898|2,475,310|2,783,757|
|National training school|56,623||56,623|65,142|
|Outreach centres|91,494||91,494|87,747|
||2,582,529|40,898|2,623,427|2,936,646|
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|**Cost of charitable activities —**|**by activity**||||
|---|---|---|---|---|
||**Activities**||||
||**undertaken**|**Support**|**2021**|**2020**|
||**directly**|**costs**|**Total**|**Total**|
||**£**|**£**|**£**|**£**|
|Residential rehabilitation|1,878,695|596,615|2,475,310|2,783,757|
|National training school|50,169|6,454|56,623|65,142|
|Outreach centres|91,494||91,494|87,747|
||2,020,358|603,069|2,623,427|2,936,646|
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||**Residential**|**Training**|**Total**|**Total**|
|---|---|---|---|---|
||**Rehabilitation**|**School**|**2021**|**2020**|
||**£**|**£**|**£**|**£**|
|Staff costs|265,199||265,199|305,608|
|Other costs|331,416|6,454|337,870|353,335|
||596,615|6,454|603,069|658,943|
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||**2021**|**2020**|
|---|---|---|
|Remuneration and benefits|20,000|34,500|
|Pension contributions|1,100|1,999|
||21,100|36,499|
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||**2021**|**2020**|
|---|---|---|
|The average number of staff employed during|||
|the year was 65 (2020: 71).|||
|The average number of full time equivalent staff|**Number**|**Number**|
|**employed by**the charity during the year, analysed
by category, including support staff was as follows:|||
|Residential care|52|56|
|Management & Administration|5|5|
|Charity Shops|1|1|
||58|62|
|Wages and salaries|1,201,128|1,243,663|
|Social security costs|89,968|91,913|
|Pension costs|62,388|68,821|
|Benefits in kind|3,720|4,475|
||1,357,204|1,408,872|
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|**Tangible fixed assets**|||||
|---|---|---|---|---|
||**Land and**|**Fixtures**|||
||**buildings**|**fittings and**|**Motor**||
||**freehold**|**equipment**|**vehicles**|**Total**|
|**Cost/Valuation**|||||
|At 1 April 2020|4,528,198|336,985|211,835|5,077,018|
|Additions|−|8,505|9,990|18,495|
|Disposals|(683,161)|−|(88,451)|(771,612)|
|At 31 March 2021|**3,845,037**|**345,490**|**133,374**|**4,323,901**|
|**Depreciation**|||||
|**At 1 April 2020**|**563,708**|**300,828**|**203,281**|**1,067,817**|
|**Charge for the year**|**55,248**|**13,233**|**5,336**|**73,817**|
|**On disposals**|**(23,340)**||**(85,301)**|**(108,641)**|
|**At 31 March 2021**|**595,616**|**314,061**|**123,316**|**1,032,993**|
|**Net book values**|||||
|**At 31 March 2021**|**3,249,421**|**31,429**|**10,058**|**3,290,908**|
|**At 31 March 2020**|**3,964,490**|**36,157**|**8,554**|**4,009,201**|
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||**2021**|**2020**|
|---|---|---|
|**Valuation**|||
|**At 1 April 2020**|**525,000**|**275,000**|
|**Transfers**||**122,627**|
|**Revaluations**||**127,373**|
|**At 31 March 2021**|**525,000**|**525,000**|
||119=0||
|**Historic cost at 31 March 2021**|**318,513**|**318,513**|
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|---|---|---|
||**E**||
|Other debtors|49,273|262,752|
|Prepayments and accrued income|6,462|18,889|
||55,735|281,641|
||1=M.MEND||
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|**Creditors: Amounts falling due within one year**|||
|---|---|---|
||**2021**|**2020**|
||**E**||
|Bank overdraft|3,854|4,908|
|Loans||122,400|
|Trade creditors|_
26,706|28,758|
|Other taxes and social security|21,310|20,732|
|Other creditors|54,735|57,735|
|Accruals and deferred income|11,500|11,500|
||118,105|246,033|
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||**General**|**General**|
|---|---|---|
||**Fund**|**Fund**|
||**2021**|**2020**|
|Balance at 1" April 2020|4,434,913|4,858,216|
|Income|2,508,626|2,479,561|
|Expenditure|(2,628,061)|(3,030,237)|
|Investment gains/(losses)||127,373|
|Balance at 3 1 ' March 2021|4,315,478|4,434,913|
|||_SIMOI1===1:1=_|
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||**Balance at**||||||**Balance at**|
|---|---|---|---|---|---|---|---|
|**1**|**April 2020**||**Income**||**Expenditure**|**Transfers**|**31 March 2021**|
|Lighthouse project Swaziland|2,298|||3,984|(4,000)||2,282|
|National Assembly for Wales|99,680|||−|−||99,680|
|Swansea Evangelism|8,000|||−|||8,000|
|Moneyash Farm|337,500||||||337,500|
|Coronavirus Job Retention Scheme|−||36,898||(36,898)||−|
||447,478||40,882||(40,898)||447,462|
|||=|M|E
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||**Unrestricted**|**Restricted**|**Total funds**|**Total funds**|
|---|---|---|---|---|
||**funds**|**hinds**|**2021**|**2020**|
|Tangible fixed assets|2,879,623|411,285|3,290,908|4,009,201|
|Investment assets|525,000|−|525,000|525,000|
|Current assets|1,028,960|36,177|1,065,137|594,223|
|Current liabilities|(118,105)|−|(118,105)|(246,033)|
||4,315,478|447,462|4,762,940|4,882,391|
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||**Unrestricted **|**Restricted**|**Restricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|
||**funds**|||**funds**|**2020**|
|**Income from:**||||||
|**Donations and legades**|793,141|||5,798|798,939|
|**Charitable activides**|1,549,552|||−|1,549,552|
|**Other trading activities**||||||
|Charity Shops|13,928||||13,928|
|**Investments**|79,914||||79,914|
|Other|43,026||||43,026|
|**Total Income**|2,479,561|||5,798|2,485,359|
|**Expenditure on:**||||||
|**Raising Funds**|97,091||||97,091|
|**Charitable activities**|2,933,146|||3,500|2,936,646|
|**Total Expenditure**|3,030,237|||3,500|3,033,737|
|**Net (expenditure)**||||||
|**before transfers**|(550,676)|||2,298|(548,378)|
|Transfer between funds||||||
|**Net (expenditure)**|(550,676)|||2,298|(548,378)|
|**before revaluations**||||||
|Net gain/(losses) on revaluation||||||
|o f investments|127,373||||127,373|
|**Net movement in funds**|(423,303)|||2,298|(421,005)|
|**Reconciliation of Funds**||||||
|Total funds brought forward|4,858,216||445,180||5,303,396|
|**Total funds carried forward**|4,434,913||447,478||4,882,391|
|||I|i|0
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