| Report ofthe Trustees | 1 | to | 5 |
|---|---|---|---|
| Report ofthe Independent Auditors |
6 | to | 7 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 9 | to | 10 |
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 27 |
| Detailed Statement ofFinancial Activities | 28 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | |||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
3,049 | 9,001 | 12,050 | 21,000 | |||
| Charitable activities |
|||||||
| Incoming resources from charitable | activities | 991,848 | 30,793 | 1,022,641 | 777,225 | ||
| Income from subsidiary | 1,070,901 | 1,070,901 | 1,109,408 | ||||
| Total | 2,065,798 | 39,794 | 2,105,592 | 1,907,633 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Direct charitable expenditure |
1,025,419 | 1,025,419 | 814,859 | ||||
| Governance costs |
3,456 | 3,456 | 9,080 | ||||
| Expenditure from subsidiary |
977,461 | 977,461 | 985,323 | ||||
| Total | 2,006,336 | 2,006,336 | 1,809,262 | ||||
| NET INCOME | 59,462 | 39,794 | 99,256 | 98,371 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 722,749 | 31,419 | 754,168 | 655,797 | ||
| TOTAL FUNDS CARRIED FORWARD | 782,211 | 71,213 | 853,424 | 754,168 |
| 2021 | 2020 | ||
|---|---|---|---|
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 10 | 435,322 | 435,322 |
| Investments | |||
| Investments | 11 | 3 | 3 |
| Investment property |
12 | 275,000 | 275,000 |
| 710,325 | 710,325 | ||
| CURRENT ASSETS | |||
| Debtors | 13 | 184,406 | 148,272 |
| Cash at bank and in hand | 491,998 | 458,111 | |
| 676,404 | 606,383 | ||
| CREDITORS | |||
| Amounts falling due within one year |
14 | (275,631) | (225,367) |
| NET CURRENT ASSETS | 400,773 | 381,016 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,111,098 | 1,091,341 | |
| CREDITORS | |||
| Amounts falling due after more than one year |
15 | (257,674) | (337,173) |
| NET ASSETS | 853,424 | 754,168 | |
| FUNDS | 18 | ||
| Unrestricted funds |
781,427 | 722,749 | |
| Restricted funds |
71,997 | 31,419 | |
| TOTAL FUNDS | 853,424 | 754,168 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from | operating | activities | |||
| Cash generated from operations |
75,488 | 133,671 | |||
| Net cash provided | by operating activities |
75,488 | 133,671 | ||
| Cash flows from | investing | activities | |||
| Purchase oftangible fixed assets | (319) | ||||
| Net cash provided | by/(used | in) investing | activities | (319) | |
| Cash flows from | financing | activities | |||
| Loan repayments | in year | (41,601) | (6,309) | ||
| Net cash used in | financing | activities | (41,601) | (6,309) | |
| Change in cash | and cash | equivalents | in | ||
| the reporting period |
33,887 | 127,043 | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe |
reporting | period | 458,111 | 331,068 | |
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
491,998 | 458,111 |
| RECONCILIATION | RECONCILIATION | RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Net income | for the | reporting | period (as per the Statement ofFinancial | ||||
| Activities) | 99,256 | 98,371 | |||||
| Adjustments | for: | ||||||
| Depreciation | charges | 64 | 81 | ||||
| Increase in debtors | (36,134) | (38,299) | |||||
| Increase in creditors | 12,302 | 73,518 | |||||
| Net cash provided | by | operations | 75,488 | 133,671 | |||
| ANALYSIS | OF CHANGES IN NET FUNDS | ||||||
| At 1.4.20 | Cash flow | At 31.3.21 | |||||
| Net cash | |||||||
| Cash at bank | and in | hand | 458,111 | 33,887 | 491,998 | ||
| 458,111 | 33,887 | 491,998 | |||||
| Debt | |||||||
| Debts falling | due within | 1 year | (6,308) | (1,093) | (7,401) | ||
| Debts falling | due after | 1 | year | (131,906) | 42,630 | (89,276) | |
| (138,214) | 41,537 | (96,677) | |||||
| Total | 319,897 | 75,424 | 395,321 |
| DONATIONS AND LE |
GAC | IES | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Donations | 50 | |||
| Grants | 12,000 | 21,000 | ||
| 12,050 | 21,000 | |||
| Grants received, included | in the above, are as follows: | |||
| 2021 | 2020 | |||
| Sir James Reckitt Charity | 12,000 | 18,000 | ||
| Hull k East Riding Charitable | Trust | 3,000 | ||
| 12,000 | 21,000 |
| INCOME FROM | CHA | RITABLE ACTIVITIES | ||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Activity | ||||||
| Central government | Incoming resources froin charitable | activities | 406,077 | 212,896 | ||
| Local government | Incoming resources from charitable | activities | 142,000 | 142,000 | ||
| Services Recharged | Incoming resources from charitable | activities | 464,564 | 289,718 | ||
| Other third sector | bodies | Incoming resources from charitable | activities | 10,000 | 132,611 | |
| Rainbow Nursery | (Hull) | |||||
| Limited | Income from subsidiary | 413,468 | 449,347 | |||
| MNH Meeting New Horizons | ||||||
| CIC | Income from subsidiary | 657,433 | 660,061 | |||
| 2,093,542 | 1,886,633 | |||||
| Grants received, included | in the above, are as follows: | |||||
| 2021 | 2020 | |||||
| SWITCH Grants | 132,611 | |||||
| 4. | CHARITABLE | ACTIVITIES COSTS | ||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 5) | Totals | ||||
| Direct charitable | expenditure | 1,025,419 | 1,025,419 | |||
| Governance costs |
3,456 | 3,456 | ||||
| Expenditure from |
subsidiary | 977,461 | 977,461 | |||
| 2,002,880 | 3,456 | 2,006,336 |
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| costs | |||
| Governance costs |
3,456 | ||
| NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) | is stated after charging/(crediting): | ||
| 2021 | 2020 | ||
| Auditors' remuneration |
3,456 | 3,456 | |
| Depreciation -owned assets |
81 |
| 2021 | 2020 | ||
|---|---|---|---|
| Wages and | salaries | 1,012,927 | 1,066,989 |
| Redundancy | costs | ||
| Social security costs | 65,958 | 71,417 | |
| Pension costs | 27,851 | 28,307 | |
| Healthcare | costs | 4,662 | 3,711 |
| 1,111,398 | 1,170,424 |
| The average | monthly number ofemployees during the year |
was as follows: | |
|---|---|---|---|
| 2021 | 2020 | ||
| Management | and administration | 12 | 12 |
| Project staff | 53 | 52 | |
| 65 | 64 |
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
12,000 | 9,000 | 21,000 | ||
| Charitable activities |
|||||
| Incoming resources from charitable | activities | 644,614 | 132,611 | 777,225 | |
| Income from subsidiary | 1,109,408 | 1,109,408 | |||
| Total | 1,766,022 | 141,611 | 1,907,633 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Direct charitable expenditure |
665,805 | 149,054 | 814,859 | ||
| Governance costs |
9,080 | 9,080 | |||
| Expenditure from subsidiary |
985,323 | 985,323 | |||
| Total | 1,660,208 | 149,054 | 1,809,262 | ||
| NET INCOME/(EXPENDITURE) | 105,814 | (7,443) | 98,371 | ||
| Transfers between funds |
850 | (850) | |||
| Net movement in funds |
106,664 | (8,293) | 98,371 | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward | 616,085 | 39,712 | 655,797 | ||
| TOTAL FUNDS CARRIED FORWARD | 722,749 | 31,419 | 754,168 |
| Group | ||||
|---|---|---|---|---|
| Freehold | Plant and | Computer | ||
| Property | machinery | equipment | Totals | |
| COST | ||||
| At 1 April 2020 | 435,000 | 162,228 | 399 | 597,627 |
| Additions | 319 | 319 | ||
| At 31March 2021 | 435,000 | 162,228 | 718 | 597,946 |
| DEPRECIATION | ||||
| At 1 April 2020 |
162,228 | 315 | 162,543 | |
| Charge for the year | 81 | 81 | ||
| At 31March 2021 | 162,228 | 396 | 162,624 | |
| NET BOOK VALUE | ||||
| At 31March 2021 | 435,000 | 322 | 435,322 | |
| At 31March 2020 | 435,000 | 84 | 435,084 | |
| Charity | ||||
| Freehold | Plant and | Computer | ||
| Property | machinery | equipment | Totals | |
| COST | ||||
| At 1 April 2020 |
435,000 | 162,228 | 597,228 | |
| Additions | ||||
| At 31March 2021 | 435,000 | 162,228 | 597,228 | |
| DEPRECIATION | ||||
| At 1 April 2020 |
162,228 | 162,228 | ||
| Charge for the year | ||||
| At 31March 2021 | 162,228 | 162,228 | ||
| NET BOOKVALUE | ||||
| At 31March 2021 | 435,000 | 435,000 | ||
| At 31 March 2020 | 435,000 | 435,000 |
| Group | |
|---|---|
| FAIR VALUE | |
| At 1 April 2020 | |
| and 31March 2021 | 275,000 |
| NET BOOK VALUE | |
| At 31 March 2021 | 275,000 |
| At 31 March 2020 | 275,000 |
| Charity | |
| FAIR VALUE | |
| At 1 April 2020 | |
| and 31March 2021 | 275,000 |
| NET BOOK VALUE | |
| At 31March 2021 | 275,000 |
| At 31March 2020 | 275,000 |
| DEBTORS:AMOUNTS FALLING DUE | WITHIN ONE YEAR | |||
|---|---|---|---|---|
| Group | Charity | |||
| 2021 | 2020 | 2021 | 2020 | |
| Trade debtors | 153,254 | 122,174 | 107,905 | 19,790 |
| Amounts owed by group undertakings |
15,737 | 91,544 | ||
| Other debtors | 364 | 364 | ||
| P repayments | 31,152 | 25,734 | 13,939 | 4,858 |
| 184,406 | 148,272 | 137,581 | 116,556 |
| Group | Charity | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||
| Bank loans and overdraAs | (see note 16) | 8,776 | 8,167 | 7,401 | 6,308 |
| Trade creditors | 147,582 | 112,696 | 52,666 | 99,627 | |
| Social security and other | taxes | 15,570 | 14,613 | 6,046 | 6,515 |
| Other creditors | 37,859 | 107,011 | 18,592 | 18,142 | |
| Accruals and deferred income |
63,652 | 43,295 | 4,611 | 39,795 | |
| Accrued expenses | 6,272 | 8,772 | 2,925 | 5,097 | |
| 279,711 | 294,554 | 92,241 | 175,484 |
| CREDITORS: AMOUNTS FALLING DUE AFTER | MORE THAN ONE YEAR | |
|---|---|---|
| 2021 | 2020 | |
| Bank loans (see note 16) | 89,276 | 131,906 |
| Pension | 168,398 | 205,267 |
| 257,674 | 337,173 |
| An analys | is ofth | e maturity ofloans is given below: | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Amounts | falling | due within one year on demand: | ||
| Mortgage | 7,401 | 6,308 | ||
| Amounts | falling | between one and two years: | ||
| Mortgage | 89,276 | 131,906 |
| 17. | ANALYSIS | OF NET A | SSETS | BETWEEN FUNDS | |||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Fixed assets | 435,322 | 435,322 | 435,322 | ||||
| Investments | 275,003 | 275,003 | 275,003 | ||||
| Current assets | 604,407 | 71,997 | 676,404 | 606,383 | |||
| Current liabilities | (275,631) | (275,631) | (225,367) | ||||
| Long term liabilities | (257,674) | (257,674) | (337,173) | ||||
| 781,427 | 71,997 | 853,424 | 754,168 | ||||
| 18. | MOVEMENT IN FUNDS | ||||||
| Net | |||||||
| movement | At | ||||||
| At 1.4.20 | in funds | 31.3.21 | |||||
| Unrestricted | funds | ||||||
| General fund | 708,888 | 58,678 | 767,566 | ||||
| Designated Redundancy |
Fund | 13,861 | 13,861 | ||||
| 722,749 | 58,678 | 781,427 | |||||
| Restricted funds | |||||||
| Start Grants/ | Bransholme | Trust | 6,411 | 20,578 | 26,989 | ||
| Switch (BIG | Lottery) | 25,008 | 25,008 | ||||
| BigLottery | 20,000 | 20,000 | |||||
| 31,419 | 40,578 | 71,997 | |||||
| TOTAL FUNDS | 754,168 | 99,256 | 853,424 | ||||
| Net movement | in funds, | included | in the above are as follows: | ||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted | funds | ||||||
| General fund | 2,065,798 | (2,007,120) | 58,678 | ||||
| Restricted funds | |||||||
| Start Grants/ | Bransholme | Trust | 19,794 | 784 | 20,578 | ||
| Big Lottery | 20,000 | 20,000 | |||||
| 39,794 | 784 | 40,578 | |||||
| TOTAL FUNDS | 2,105,592 | (2,006,336) | 99,256 |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| At 1.4.19 | in funds | funds | 31.3.20 | ||||
| Unrestricted | funds | ||||||
| General fund | 604,047 | 105,814 | (973) | 708,888 | |||
| Designated | Redundancy | Fund | 12,038 | 1,823 | 13,861 | ||
| 616,085 | 105,814 | 850 | 722,749 | ||||
| Restricted | funds | ||||||
| Start Grants/ | Bransholme | Trust | 5,746 | 1,515 | (850) | 6,411 | |
| Switch (BIGLottery) | 33,966 | (8,958) | 25,008 | ||||
| 39,712 | (7,443) | (850) | 31,419 | ||||
| TOTAL FUNDS | 655,797 | 98,371 | 754,168 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund |
1,766,022 | (1,660,208) | 105,814 | ||
| Restricted funds | |||||
| Start Grants/ | Bransholme | Trust | 9,000 | (7,485) | 1,515 |
| Switch (BIG | Lottery) | 132,611 | (141,569) | (8,958) | |
| 141,611 | (149,054) | (7,443) | |||
| TOTAL FUNDS | 1,907,633 | (1,809,262) | 98,371 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.4.19 | in funds | funds | 31.3.21 | |||
| Unrestricted | funds | |||||
| General fund | 604,047 | 164,492 | (973) | 767,566 | ||
| Designated | Redundancy | Fund | 12,038 | 1,823 | 13,861 | |
| 616,085 | 164,492 | 850 | 781,427 | |||
| Restricted funds | ||||||
| Start Grants/ | Bransholme | Trust | 5,746 | 22,093 | (850) | 26,989 |
| Switch (BIGLottery) | 33,966 | (8,958) | 25,008 | |||
| Big Lottery | 20,000 | 20,000 | ||||
| 39,712 | 33,135 | (850) | 71,997 | |||
| TOTAL FUNDS | 655,797 | 197,627 | 853,424 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 3,831,820 | (3,667,328) | 164,492 | ||
| Restricted funds | |||||
| Start Grants/ | Bransholme | Trust | 28,794 | (6,701) | 22,093 |
| Switch (BIG | Lottery) | 132,611 | (141,569) | (8,958) | |
| BigLottery | 20,000 | 20,000 | |||
| 181,405 | (148,270) | 33,135 | |||
| TOTAL FUNDS | 4,013,225 | (3,815,598) | 197,627 |
| 2021 | 2020 | ||
|---|---|---|---|
| Debtors | - Amounts owed to Hull CVS from group undertakings |
||
| Amounts | owed to Hull CVS by Rainbow Nursery (Hull) Ltd |
14,570 | 24,627 |
| Amounts | owed to Hull CVSby MNH Meeting New Horizons CIC | 2,050 | 67,517 |
| 16,620 | 92,144 |
| 2021 | 2020 | |
|---|---|---|
| INCOME AND ENDOWMENTS | ||
| Donations and legacies |
||
| Donations | 50 | |
| Grants | 12,000 | 21,000 |
| 12,050 | 21,000 | |
| Charitable activities |
||
| Central government | 406,077 | 212,896 |
| Local government | 142,000 | 142,000 |
| Services Recharged | 464,564 | 289,718 |
| Other third sector bodies | 10,000 | 132,611 |
| Rainbow Nursery (Hull) Limited |
413,468 | 449,347 |
| MNH Meeting New Horizons CIC | 657,433 | 660,061 |
| 2,093,542 | 1,886,633 | |
| Total incoming resources | 2,105,592 | 1,907,633 |
| EXPENDITURE | ||
| Charitable activities |
||
| Premises &operating costs | 616,871 | 368,887 |
| Staff costs | 408,548 | 445,972 |
| Rainbow Nursery (Hull) Limited |
369,266 | 412,498 |
| MNH Meeting New Horizons CIC | 608,131 | 572,744 |
| Depreciation oftangible fixed assets | 64 | 81 |
| 2,002,880 | 1,800,182 | |
| Support costs | ||
| Governance costs |
||
| Staffcosts | 5,624 | |
| Auditors' remuneration |
3,456 | 3,456 |
| 3,456 | 9,080 | |
| Total resources expended | 2,006,336 | 1,809,262 |
| Net income | 99,256 | 98,371 |