2021-03-31-accounts - Adoption Matters

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		ADOPTION MATTERS	ADOPTION MATTERS
		LEGAL AND ADMINISTRATIVE INFORMATION
		YEAR ENDED 31 MARCH 2021
Charity Details		Adoption Matters
		Registered Number	1617324
		Charity Registration	Number 512892
Joint Presidents		Bishop of Blackburn,	The Right Reverend				Julian Henderson
		Bishop ofChester, The Right Reverend			Mark Tanner
		Bishop of Durham, The Right Reverend			Paul Butler
Patron		Sir Mark Hedley
Board ofTrustees		Mrs Carolyn Johnson	(Chair)
		Professor David Cracknell OBE (Vice-Chair)
		Mr David Champness
		Miss Catherine Gibbons
		Professor Elizabeth	Harlow
		Mr Keith Johnson (retired June 2020)
		Mr Joe McArdle
		Ms Lynn Pates
		Mr David Shield
		Mr Annesley Wright
		Mr Jamie Bennett
		Mr Barry Speker OBE DL (appointed Sept					2020)
Company	Secretary	Mr Annesley Wright
Chief Executive		Mr Norman G Goodwin CBE
Registered	Office and	14 Liverpool Road, Chester, Cheshire,		CH2 1AE
Principal Address		Telephone; 01244390938
		Facsimile: 01244390067
		E-maik info@adoptionmatters.				org
		Website:	. tlo matters.		or
Auditors		UHY Hacker Young,	Chartered Accountants and Registered						Auditors,
		St John's Chambers,	Love Street, Chester,				Cheshire,	CH1 1QN
Bankers		Lloyds Bank PLC	CAF Bank	Ltd
		8 Foregate Street	25 Kings Hill			Avenue
		Chester	Kings Hill
		Cheshire	West Mailing
		CH1 1XP	Kent
			ME194JQ
Solicitors		Mr Andrew Perrigo	Mr Stephen		Claus			Mr Barry Speker
		Morecrofts LLP	Brabners LLP					11Westfield
		2 Crown Buildings	Horton House					Gosforth
		Liverpool Road	Exchange	Flags				Newcastle-Upon-Tyne
		Crosby	Liverpool					NE3 4YE
		Liverpool	L2 3YL
		L23 5SR

			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2021	2020
		Note	f	6	f	g
INCOME
Donations and legacies		2	82,000	0	82,000	60,636
Charitable activities		3	4,831,493	0	4,831,493	4,263,847
Other trading activities		4	9,784	1,279	11,063	38,271
Investments		5	12,852	0	12,852	12,351
TOTAL INCOME			4,936,129	1,279	4,937,408	4,375,105
EXPENDITURE
Raising funds		6	55,743	0	55,743	66,375
Charitable activities		6	4,151,930	0	4,151,930	3,924,279
TOTAL EXPENDITURE		6	4,207,673	0	4,207,673	3,990,654
Net gains/(losses)	on investments	10	53,755	0	53,755	(21,196)
NET INCOME / (EXPENDITURE)			782,211	1,279	783,490	363,255
Other recognised	gains/(losses):
Actuarial (losses) on pension scheme		18	(3,089,000)	0	(3,089,000)	(209,000)
Net movement in	funds		(2,306,789)	1,279	(2,305,510)	154,255
Reconciliation of	funds:
Total funds brought	forward		(190,407)		(190,407)	(344,662)
Total funds carried forward			(2,497,196)	1,279	(2,495,917)	(190,407)

					2021		2020
				Note
FIXEDASSETS
Tangible assets				9		347,037		332,993
Investments				10		844,515		582,281
						1,191,552		915,274
CURRENT ASSETS
Debtors					1,293,961		1,005,362
Cash at bank					948,427		1,384,984
					2,242,388		2,390,346
CREDITORS: amounts		falling	due within
one year				12	(889,857)		(1,545,027)
NET CURRENT	ASSETS					1,352,531		845,319
TOTAL NET ASSETS before			pension deficit			2,544,083		1,760,593
Pension scheme	liability			18		(5,040,000)		(1,951,000)
NET ASSETS						(2,495,917)		(190,407)
Restricted funds				14		1,279
Unrestricted funds:				13
General Fund					2,542,804		1,760,593
Unrestricted funds excluding			pension
liability					2,542,804		1,760,593
Less: pension	scheme	liability		18	(5,040,000)		(1,951,000)
						(2,497,196)		(190,407)
TOTAL CHARITY FUNDS						(2,495,917)		(190,407)

				2021	2020
				f	f
Cash flows from operating	activities
Net income/(expenditure) for	the year			783,490	363,255
Depreciation				24,413	24,162
Losses/(gains) on investments				(53,755)	21,196
Investment income				(12,852)	(12,351)
(Increase) in debtors				(288,599)	(80,645)
(Decrease) in creditors				(655,170)	474,250
Net cash generated by/(used in)		operating	activities	(202,473)	789,867
Cash flows from investing	activities
Purchase oftangible fixed assets				(38,457)	(5,160)
Purchase of investments				(514,074)	(346,554)
Proceeds from disposal of investments				320,646	240,847
Investment income				12,852	12,351
Net cash (used in) investing	activities			(219,033)	(98,516)
Net change in cash and cash equivalents				(421,506)	691,351
Cash and cash equivalents brought		forward		1,400,937	709,586
Cash and cash equivalents	carried forward			979,431	1,400,937
Analysis ofcash and cash	equivalents
Cash at bank				948,427	1,384,984
Cash within investment portfolio				31,004	15,953
				979,431	1,400,937

				Total
				Unrestricted
				Funds	Total Funds
				2021	2020
				E	E
St Bridget's Trust				4,000	6,000
Legacies				32,837	37,000
General donations				45,163	17,636
				82,000	60,636
HARITABLE ACTIVITIES
				Total
				Unrestricted
				Funds	Total Funds
				2021	2020
					f
Placement fees				3,004,457	3,373,148
Therapist income				758,748	488,411
CfAS income				314,765	221,976
Local authority	contracts	&other special work		21,382	13,676
Service agreements				64,010	54,984
Inter country income				21,543	38,066
DFE Covid-19 funding				583,333	0
DfE Practice 8	Improvement		Fund	61,625	69,436
Sundry mcome				1,630	4,150
				4,831,493	4,263,847

			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2021	2020
				F	f	f
200 Club			0	0	0	544
General	fundraising		9,784	1,279	11,063	37,727
			9,784	1,279	11,063	38,271
VESTM	E	NTS
					Total
					Unrestricted
					Funds	Total Funds
					2021	2020
					E	f
Bank interest					6,811	7,954
Investment		Income			6,041	4,397
					12,852	12,351

6. TOTAL EXP	ENDITURE
			Ol C Is III rk	0 V is c esl O C u. D	sl 0I sl a ) e Isr u c O0CD	Total Unrestricted 2021	Total 2020
Costs directly allocated	to activities:
Social workers and management		Direct			2,426,107	2,426,107	2,291,086
Staff travel		Direct			12,749	12,749	141,014
Sessional workers		Direct			471,359	471,359	393,367
Pubhmty &marketing		Direct			110,278	110,278	109,423
Fundraising events		Direct		32,330		32,330	47,088
Investment management	fees	Direct		2,467		2,467	1,481
Other direct costs		Direct			6,903	6,903	24,804
Support costs allocated	to activities
Management & admin staff		0/		15,133	741,537	756,670	625,567
Premises		0/		1,125	55,118	56,243	65,368
Office costs				1,649	80,783	82,432	64,857
IT & communications		0/		1,768	86,611	88,379	75,263
Training & publications		Actual			9,957	9,957	28,188
Professional fees &charges		Actual			63,830	63,830	39,725
Governance	%	&staff time		1,271	62,285	63,556	59,261
Depreciation		Actual			24,413	24,413	24,162
				55,743	4,151,930	4,207,673	3,990,654

				2021	2020
					f
Wages and	salaries			2,538,532	2,304,238
Employer's	social security costs			240,469	222,350
Employer's	defined	benefit pension scheme contributions		583,930	533,089
Overprovision of DFW pension			exit fee	(43,900)
				3,319,031	3,059,677

Particulars	Particulars	ofemployees:	ofemployees:
The average		number ofstaff employed		by the charity dunng	the financial	year	amounted	to:
					2021				2020
				Full	Part	Total	Full		Part	Total
				Time	Time	No	Time		Time	No
Number	of	social workers		29	29	58	32		25	57
Number	of	administrative	staff	13	9	22	16		6	22
Number	of	management	staff	6		6	6			6
				48	38	86	54		31	85

This is sta	ted after charging:
		2021	2020
		6	f
Employer's	pension costs	540,030	533,089
Depreciation		24,413	24,162
Auditors' fees: audit		6,781	5,301
	Non-audit
Operating	lease costs:
Property,	plant and equipment	31,156	48,603

ANGIBLE FIXEDASSETS
	Freehold	Fixtures,
	Land &	Fittings 8	Total
	Buildings	Equipment
	E	6
COST
At 1 April 2020	356,565	175,508	532,073
Additions		38,457	38,457
Disposals
At 31 March 2021	356,565	213,965	570,530
DEPRECIATION
At 1 April 2020	49,115	149,965	199,080
Charge for the year		24,413	24,413
Eliminated on disposal
At 31 March 2021	49,115	174,378	223,493
NET BOOK VALUE
At 31 March 2021	307,450	39,587	347,037
At 31 March 2020	307,450	25,543	332,993

Deposits held with banks	Deposits held with banks
Market value	at 1 Apnl 2020		400,009
Investments	maturing during	the year	(200,009)
Investments	purchased duding	the year	204,913
				404,913
Investment	portfolio —listed securities
Market value	at 1 April 2020		166,319
Acquisitions	at cost		309,161
Disposals at	carrying value		(120,637)
Revaluation	gain		53,755
				408,598
Cash held within portfolio				31,004
Market value	at 31 March 2021			844,515
Historical cost at 31 March 2021				769,928
All investments	are unrestricted.

EBTOR	S:Amou	nts d	ue	within o	n	e year
								2021		2020
Other debtors —service			income					815,092		919,445
Prepayments								63,412		41,954
Accrued	income							415,457		43,963
								1,293,961		1,005,362
REDIT	ORS: Amounts		falling due			within one year
								2021		2020
								6		f
Other creditors								7,529		285,975
Accruals								196,280		154,492
Deferred	income							686,048		911,060
DFW s75 pension		accrual						0		193,500
								889,857		1,545,027
Movement ofdeferred			income
							Released	Incoming		Total
						Balance at	from	Resources		Deferred
						1 April	Previous	Deferred	in	Income at 31
						2020	Years	Current Year		March 2021
							5	F		6
Inter-agency fees		received		in advance		393,368	(393,368)	517,521		517,521
Therapy advance	and CFAS income			received	in	299,491	(237,194)	58,145		120,442
Partner	share of Y/E surplus					189,539	(189,539)	40,742		40,742
Service	income received		in	advance		5,918				5,918
Service	level agreements					11,250	(11,250)			0
DfE System Capacity Building (SCB)						10,714	(10,000)			714
Other						780	(69)			711
						911,060	(841,420)	616,408		686,048

OPERATING LE	OPERATING LE	ASE COMMIT	MENTS
The total minimum		lease payments	due under non-cancellable	operating leases are as follows:
				2021	2020
				E	E
Due within	1 year			36,126	16,387
Due within	1 to 5	years		45,918	17,142
Due after 5years
				82,044	33,529

The charge to the Statement	of Financial Activities	comprised:
		2021	2020
Operating charge		f(000)	f(000)
Current service cost		834	1,019
Past service cost		0	81
Net (gain)/loss		834	1,100
Other finance income
Interest income on assets		(306)	(306)
Interest cost on defined benefit obligation		354	354
Total service cost		882	1,148
Reconciliation ofdefined benefit obligation:
Opening position as at 31	March 2020	15,049	14,312
Current service cost		834	1,019
Interest cost on defined benefit obligation		354	354
Contributions by members		167	156
Actuanal remeasurements		4,758	(542)
Past service costs/(gains)		0	81
Benefits paid		(321)	(331)
Closing position as at 31 March 2021		20,841	15,049
Reconciliation offair value	of plan assets:
Opening position as at 31	March 2020	13,098	12,570
Interest income on assets		306	306
Contributions by members		167	156
Contnbutions by the employer		584	503
Actuarial remeasurements			(45)
Return on assets		1,967	(61)
Benefits paid		(321)	(331)
Closing position as at 31 March 2021		15,801	13,098
Assets b/f 1 April 2020		13,098	12,570
Liabilities b/f 1 April 2020		(15,049)	(14,312)
Net liability b/f 1 April 2020		(1,951)	(1,742)
Pension scheme gain/(loss)	in year	(3,089)	(209)
Pension scheme liability		(5,040)	(1,951)
Assets at 31 March 2021		15,801	13,098
Liabilities at 31 March 2021		(20,841)	(15,049)
Net hability at 31 March 2021		(5,040)	(1,951)