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||||2021||2020||
|---|---|---|---|---|---|---|
||Notes||||||
|FIXEDASSETS|||||||
|Tangible assets||||61,470||73,657|
|CURRENT ASSETS|||||||
|Debtors||53,986|||75,054||
|Cash at bank and in hand||1,251,163|||1,421,835||
|||1,305,149|||1,496,889||
|CREDITORS - due within one year|||||||
|Other creditors||67,286|||171,576||
|Fees billed in advance||342,605|||228,594||
|Fee deposits||59,600|||44,559||
|||469,491|||444,729||
|NET CURRENT ASSETS||||835,658||1,052,160|
|NET ASSETS||||897,128||1,125,817|
|Represented
by:|||||||
|UNRESTRICTED FUNDS|||||||
|General||||429,341||602,477|
|Designated
Funds||||467,787||523,340|
|TOTAL CHARITY FUNDS||||897,128||1,125,817|
##
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||||Unrestricted|Funds|Total|Unrestricted
Funds|
|---|---|---|---|---|---|---|
||||General|Designated|2021|Total 2020|
|INCOME FROM:||Note|g|g||g|
|Charitable
activities|—accommodation||740,984||740,984|731,076|
|Donations
and legacies|||1,400||1,400|215|
|Investments|||707||707|4,129|
|Other Income|||8,472||8,472|28,224|
|Total|||751,563||751,563|763,644|
|EXPENDITURE ON:|||||||
|Charitable
activity - provision ofaccommodation||5|924,699|55,553|980,252|1,078,539|
|NET MOVEMENT|IN FUNDS||(173,136)|(55,553)|(228,689)|(314,895)|
|RECONCIL1ATION|OF FUNDS:||||||
|TOTAL FUNDS BROUGHT FORWARD|||602,477|523,340|1,125,817|1,440,712|
|TOTAL FUNDS CARRIED FORWARD|||429,341|467,787|897,128|1,125,817|
##
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||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|Cash flows from operating|activities:||||||||||
|Net (expenditure)
for the reporting|||period||||||(228,689)|(314,895)|
|Depreciation
charges|||||||||12,187|6,027|
|Dividends
and interest|||||||||(707)|(4,129)|
|Decrease/(increase)
in debtors|||||||||21,068|(54,939)|
|Increase in creditors|||||||||24,762|90,472|
|Net cash (used in) operating||activities|||||||(171,379)|(277,464)|
|Cash flows from investing|activities:||||||||||
|Dividends
and interest
Purchase oftangible
fixed assets|||||||||707|4,129
(79,681)|
|Net cash provided
by/(used|in) investing||||activities||||707|(75,552)|
|Change in cash and cash equivalents||||in|the|year|||(170,672)|(353,016)|
|Cash and cash equivalents|at|the|beginning|||ofthe|||1,421,835|1,774,851|
|year|||||||||||
|Cash and cash equivalents|at|the|end|of|the|year|||1,251,163|1,421,835|
|Analysis ofcash and cash equivalents|||||||||2021|2020|
|||||||||||K|
|Cash at bank and in hand|||||||||733,686|904,815|
|Notice deposits|||||||||517,477|517,020|
|Total cash and cash equivalents|||||||||1,251,163|1,421,835|
|Analysis ofchanges in net funds|||||||||||
||||||||At 1||Other|At 31|
||||||||January||non-cash|December|
||||||||2021|Cash flows|changes|2021|
|||||||||g||g|
|Cash and bank/deposits|||||||1,421,835|(170,672)||1,251,163|
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|2.|FIXEDASSETS|Improvements|to|Furmture|Plant||
|---|---|---|---|---|---|---|
|||Long Leasehold||And|And||
|||Property||Fittings|Equipment|Total|
|||8|||8||
||Cost||||||
||At
1 January 2021|22,355||26,898|218,694|267,947|
||Additions||||||
||At 31 December 2021|22,355||26,898|218,694|267,947|
||Depreciation||||||
||At
1 January 2021|22,354||14,843|157,093|194,290|
||Charge for the year|||6,027|6,160|12,187|
||At 31 December 2021|22,354||20,870|163,253|206,477|
||Net Book Value||||||
||At 31 December 2021|||6,028|55,441|61,470|
||At 31 December 2020|||12,055|61,601|73,657|
|3.|DEBTORS||||2021|2020|
||Trade debtors
VAT recoverable||||9,257
39,402|3,226
32,509|
||Prepayments
Other debtors||||5,327|11,214
28,105|
||||||53,986|75,054|
|4.|OTHER CREDITORS||||2021|2020|
||Trade creditors
Accruals
Other taxes and social security||||26,086
23,016
18,184|76,002
95,574|
||||||67,286|171,576|
##
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##
|ANALYSIS OF EXPENDITUR|E|||||||
|---|---|---|---|---|---|---|---|
|||||Other||Total|Total|
|||Staff Costs
g||Costs|Depreciation|2021|2020I|
|Charitable
Activity:||||||||
|Provision ofaccommodation:||||||||
|Welfare and catering|||186,131|272,903||459,034|386,727|
|Premises costs|||55,839|232,363|12,187|300,389|450,910|
|Support costs|||130,293|70,932||201,225|220,346|
|Governance
costs||||19,604||19,604|20,556|
||||372,263|595,802|12,187|980,252|1,078,539|
|2020 COMPARATIVE|||||Other||Total|
|||||Staff Costs|Costs|Depreciation|2020|
|Charitable
Activity:||||||||
|Provision ofaccommodation:||||||||
|Welfare and catering||||160,845|225,882||386,727|
|Premises costs||||48,254|396,629|6,027|450,910|
|Support costs||||112,592|107,754||220,346|
|Governance
costs|||||20,556||20,556|
|||||321,691|750,821|6,027|1,078,539|
|||||||2021|2020|
|Governance
costs include:||||||||
|Audit fees||||||11,750|11,000|
|Other fees payable
to the auditors||||||1,200|1,963|
|STAFF AND TRUSTEE REMUNERATION|||AND BENEFITS|||||
|||||||2021|2020|
|Staff costs include:||||||||
|Wages and salaries||||||313,029|258,910|
|National
Insurance||||||27,547|21,165|
|Pension||||||7,079|4,420|
|Agency staff||||||24,608|37,196|
|||||||372,263|321,691|
|The average number ofemployees|during|the|year was|||14||
|No employee
earned over f60,000|in the|year|(2020 —none).|||||
##
##
##
|DESIG|NATED FUNDS||||||
|---|---|---|---|---|---|---|
|||Balance I|||Transfer|Balance 31|
|||January|||from/(to)|December|
|||2021|Income|Expenditure|General Fund|2021|
|||g|8||||
|Building|Capital Fund|503,340||(55,553)||447,787|
|Bursary|Fund|20,000||||20,000|
|||523,340||(55,553)||467,787|
|2020 COMPARATIVE|||||||
|||Balance 1|||Transfer|Balance 31|
|||January|||from/(to)|December|
|||2020|Income|Expenditure|General Fund|2020|
|||||K||K|
|Building|Capital Fund|831,543||(266,603)|(61,600)|503,340|
|Bursary|Fund|20,000||||20,000|
|||851,543||(266,603)|(61,600)|523,340|
##
##
|ANAL|YSIS OF NET ASSETSBETWEEN|FUNDS|||
|---|---|---|---|---|
|||General|Designated|Total|
|2021||Funds|Funds|Funds|
||||8||
|Fixed assets||61,470||61,470|
|Current|assets|837,362|467,787|1,305,149|
|Current|liabilities|(469,491)||(469,491)|
|||429,341|467,787|897,128|
|2020 COMPARATIVES||General|Designated|Total|
|||Funds|Funds|Funds|
||||8||
|Fixed assets||73,657||73,657|
|Current|assets|973,549|523,340|1,496,889|
|Current|liabilities|(444,729)||(444,729)|
|||602,477|523,340|1,125,817|
##
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##
|At the year end,|the charity|had future|minimum|lease payments|under|||
|---|---|---|---|---|---|---|---|
|non-cancellable|operating|leases as follows:||||2021|2020|
|||||||g|g|
|Within one year||||||18,890|12,117|
|Within two to five years||||||65,376|2,510|
|||||||84,266|14,627|
##
##
##
||Unrestricted|Funds|Total|
|---|---|---|---|
||General|Designated|2020|
|INCOME PROM:|g|K|g|
|Charitable
activities
—accommodation
Donations
and legacies|731,076
215||731,076
215|
|Investments
Other Income|4,129
28,224||4,129
28,224|
|Total|763,644||763,644|
|EXPENDITURE ON:||||
|Charitable
activities - provision ofaccommodation|811,936|266,603|1,078,539|
|Net (expenditure)
before transfers|(48,292)|(266,603)|(314,895)|
|Transfers
between
funds|61,600|(61,600)||
|NET MOVEMENT IN FUNDS|13,308|(328,203)|(314,895)|
|RECONCILIATION OF FUNDS:||||
|TOTAL FUNDS BROUGHT FORWARD|589,169|851,543|1,440,712|
|TOTAL FUNDS CARRIED FORWARD|602,477|523,340|1,125,817|