## ## |||PAGE| |---|---|---| |Legal and Administrative
Information||| |Report ofthe|Supervisory
Board|4-10| |Report ofthe|Independent
Auditors|11-14| |Charity only|Statement ofFinancial Activities|| |Consolidated|Statement ofFinancial Activities|| |Charity only|Balance Sheet|17| |Consolidated|Balance Sheet|18| |Consolidated|Cash Flow Statement|19| |Notes on the|Financial
Statements|20-44| |Legal and|administrative|administrative|administrative|administrative|administrative|information||| |---|---|---|---|---|---|---|---|---| |Charity name|||||||Turning Lives Around Ltd|| |Charity registration||||number|||515300|| |Company|registration||||number||1790817|| |Registered|office and||||||4 Ashbrooke
Business Park|| |Administration|||address||||Parkside Lane|| ||||||||Leeds|| ||||||||LS115SF|| |Supervisory||Board|||||Mr. I.Livingstone|| ||||||||Mr. M.Ford|| ||||||||Mr. D.Penman|| ||||||||Mr. M.Meadowcroft|| ||||||||Mrs. E.R.Tebbs-Ogutu|| ||||||||Mr. R.Lamborn|| ||||||||Mrs. M.A.Ballance|| ||||||||Mr. M. White|| ||||||||Mrs. SJewitt|| ||||||||Mrs. G.Laidler|| ||||||||Mr. N. Mather (appointed|4+ May 2021)| |Chief Executive|||||||Ms.JSpencer|| |Finance Director and||||||||| |Company|Secretary||||||Mr. A D Marriott BAFCCA|| |Auditors|||||||Brown Butler|| ||||||||Chartered
Accountants|| ||||||||Leigh House|| ||||||||28 —32St. Paul's Street|| ||||||||LEEDS|| ||||||||LS12JT|| |Bankers|||||||Lloyds Bank pic|| ||||||||PO Box 128|| ||||||||69Albion Street|| ||||||||LEEDS|| ||||||||LSI IYX|| |Solicitors|||||||Weightmans
LLP|| ||||||||100Old Hall Street|| ||||||||Liverpool|| ||||||||L3 9QJ|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |For the year ended|3|1|March|2021|||||| |---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted||||| ||||||General|Designated|Restricted|TOTAL|TOTAL| ||||||Funds|Funds|Funds|2021|2020| |||||Notes|||||| |INCOME FROM:|||||||||| |Donations
and legacies|||||59,783|23,881||83,664|22,172| |Charitable
activities:|||||||||| |Contract funding
Income from rent|||||2,249,647
3,174,310||49,343|2,298,990
3,174,310|2,117,006
2,899,130| |Investments|||||15,464|||15,464|24,000| |Total|||||5499 04|23881|49343|5,572,428|5,062 308| |EXPENDITURE ON:|||||||||| |Raising funds|||||47,633|||47,633|35,175| |Charitable
activities:|||||||||| |Support Services
Housing
Management|||||2,466, 187
2,937,795|7,853||2,474,040
2,937,795|2,285,654
2,665,307| |Other Charitable
Services|||||||||| |Total|||||5451615|7853||5459468|4 986136| |Net Income|||||47,589|16,028|49,343|112,960|76,172| |Gross transfer between|funds|||||2 124|2,124||| |Net Income|||||47,589|13,904|51,467|112,960|76,172| |Other recognised
gains
Gain/(loss)
on revaluation||4ts losses
ofassets|||18,939|||18,939|(30,000)| |Actuarial
losses on defined|||benefit||||||| |pension scheme|||||(110,000)|||(110,000)|(28,000)| |Exceptional
Item
Flowerpots
Debtor Impairment|||||(12,158)|||(12,158)|(54,624)| |Net movement
in Funds|||||(55,630)|13,904|51,467|9)741|(36,452)| |Reconcrtiori on offunds|||||||||| |Funds at
1 April 2020|||||(259480)|38,948|252,276|31,944|68,396| |Funds at 31March 2021|||||(314,910)|52,852|303,743|41,685|31,944| ## ||||Unrestricted|Unrestricted||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||General|General||||||| ||||Fuads|Funds|General|||||| |||Notes|Continuing
operations
5|Discontinued
operations|Funds
Total|Designated
Funds|Restr(cted
Funds
f||TOTAL
2021|TOTAL
2020
5| |INCOME FROM:||||||||||| |Donations
snd legacies|||59,783||59,783|23,881|||83,664|22,172| |Charitable
activities:||||||||||| |Contract funding
Income fram rent|||2349,647
3,174,310||2,249,647
3,174,310||49,343||2,298,990
3,174,310|2,117,006
2,899,130| |Other tradiag activities|||72,0$6|110,545|182,631||||182,631|300,873| |Total|||5455 26|110 45|5
66 71|23,881|49|3|5,739 95|5 39,181| |EXPENDITURE ON:||||||||||| |Raising funds|||150,$89|160,401|311,290||||311,290|393,450| |Charitable
activities:||||||||||| |Support Services|||2,466,756||2,466,756|7,853|||2,474,609|2,285,654| |Housing
Management|||2,869,570||2,869,570||||2,869,570|2,602,508| |Other Charitable
Services||||||||||| |Other costs
Corporation
Tax||8, 11|2 118||2 118||||2 118|718| |Total|||5 89 33|160401|5649734|7 53|||5657587|5 82330| |Net Income|||66,493|(49,856)|16,637|16,028|49,343||82,008|56,851| |Gross transfer between|funds|||||2 124|2 124|||| |Net lacomc|||66J93|(49R56)|16,637|13rt04|51,467||82,008|56R51| |Other recognised
gains &losses
(Loss)/gain
an revaluation ofassets|||||18,939||||lft,939|(30,000)| |Actuarial
losses on defined benefit
pension scheme|||||(110,000)||||(110,000)|(28,000)| |Net movement
in Funds|||||(74/24)|13,904|51,467||(9,053)|(1,149)| |Recenrsiarien offunds||||||||||| |Funds st I April 2020|||||(218,028)|38,948|252,276||73,196|74,345| |Funds at31March 2021|||||(292/52)|52dI52|303,743||64,143|73,196| |-Company Number|1790817|||| |---|---|---|---|---| |Charity only Balance sheet as at 31March 2021||||| |||Note|2021|2020| |FIXEDASSETS||||| |Intangible
assets
Tangible assets
Investments||14
15
16|4,865
605,805
~15000|7,297
483,018
155000| ||||760,670|645,315| |CURRENT ASSETS||||| |Debtors||17|530,009|461,068| |Cash at bank and in|hand||312473|120 030| ||||842,484|581,098| |CURRENT LIABILITIES||||| |Creditors —amounts|falling due within one year|18|582950|420,062| ||||582,950|420,062| |NET CURRENT ASSETS|||259,534|161,036| |TOTAL ASSETSLESSCURRENT LIABILITIES|||1,020,204|806,351| |Creditors —amounts|falling due atter one year|19|170,519|147,407| |NET ASSETS excluding
pension liability|||849,685|658,944| |Defined pension
scheme liability||27|808,000|627,000| |NET ASSETS incl|pension liability||41685|31944| |THE FUNDS OFTHE CHARITY||||| |Restricted Funds||20|303,743|252,276| |Unrestricted
Funds||21|545,942|406,668| |Pension Reserve||21|(808,000)|(627,000)| |Total Funds|||41,685|31944| ## |
Consolidated
Bala|nce sheet as at 31|March 2021|||| |---|---|---|---|---|---| ||||Note|2021|2020| |FIXEDASSETS
Intangible
assets
Tangible assets|||14
15|4,865
761 583|7,297
648,496| |||||766,448|655,793| |CURRENT ASSETS|||||| |Debtors|||17|537,976|448,406| |Cash at bank and in|hand|||327341|172 167| |||||865,317|620,573| |CURRENT LIABILITIES|||||| |Creditors —amounts|falling due within|one year|18|585 452|423 445| |||||585,452|423,445| |NET CURRENT A.SSKTS||||279865|197128| |TOTAL ASSETSLESSCURRENT||LIABILITIES||1,046,313|852,921| |Creditors —amounts|falling due after one year|||174,170|152,725| |NKT ASSETSexcluding
pension liability||||872,143|700,196| |Defined pension scheme liability|||27|808,000|627,000| |NET ASSETSincl|pension liability|||64 143|73196| |THE FUNDS OFTHE CHARITY|||||| |Restricted Funds|||20|303,743|252,276| |Unrestricted
Funds|||21|568,400|447,920| |Pension Reserve|||21|(808,000)|(627,000)| |Total Funds||||64 143|73,196| ## |||||Note|2021||2020| |---|---|---|---|---|---|---|---| |Net cash flow from operating|||activities|26||240,842|80,879| |Corporation tax|||||||(718)| |Cash flow from investing|activities||||||| |Payments
to acquire tangible||fixed assets|||67,414||199,325| |Net cash flow from investing||activities||||67,414|199325| |||||||173,428|(119,164)| |Cash flow from financing|activities||||||| |New loans|||||||122,000| |Loan repayments
Repayment offinance leases
Interest paid|||||(8,957)
(1,667)
(7,630)||(6,662)
(2,000)
(4,185)| |Net cash flow from financing|||activities|||18254|109,153| |Net increase
/ (reduction)|in|cash||||155,174|(10,011)| |Cash at I April 2020||||||172,167|182,178| |Cash at 31March 2021||||||327,341|172 767| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |7
Income from|investments|investments|investments|||||| |---|---|---|---|---|---|---|---|---| |Charity
only||||Unrestricted|||Total|Total| ||||General||Designated|Restricted|2021|2020| ||||||g|g|g|g| |Rent from subsidiary|entity|||15,464|||15,464|24,000| |Bank interest received||||||||| |||||15,464|||15,464|24000| |Income Irom investments||in|the year ended||31March 2020 was K24,000 all ofwhich|||was attrib| |to general funds.||||||||| |8
Expenditure|on|||||||| |Charity
only||||||||| |||||Unrestricted|||Total|Total| ||||General||Designated|Restricted|2021|2020| |||||g||||| |Raising funds
Costs re investment||||8,843|||8,843|5,816| |properties
Fund raising activities||||38,790|||38,790|29,359| |Charitable
Activities:||||||||| |Contract Funding||||||||| |Support Services
Housing Management|||2,466,187
2,937,795||7,853||2,474,040
2,937,795|2,285,654
2,665,307| |Other Charitable
Activities||||||||| ||||5|451)615|7%853||5,459,468|4,986136| ||||2021|2020| |---|---|---|---|---| ||||g|g| |Audit
Legal
Annual|and accountancy
and professional
general meeting|fees
fees
costs|10,560
20,656
31,216|10,320
23,483
2,336
36,139| |||||WVXO
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38,790|||272,500
38,790|364,091
29,359| |Charitable
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Activities|||||| ||5,647,616|7,853||5,655,469|5,2S1,612| |Other costs|||||| |Corporation
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LS
aa|| ## ## |Net incoming/(out|go|ing)
r|esources|for t|he year||||| |---|---|---|---|---|---|---|---|---|---| ||||||2021||2020||| ||||Charity||Consol'd||Charity|Consol'd|| |||||||g|g||| |Depreciation
Amortisation|||16,893
2,432|||22,226
2,432|17,271
2,433|31,533
2,433|| |Operating
lease charges|||47,827|||47,827|47,053|47,053|| |Interest on loans||||6,993||7,630|3,548|4,185|| |Finance costs on LGPS Pension|||15,000|||15,000|12000|12,000|| |10
Auditor's
remuneration|||||||||| ||||||||2021|2020|| ||||||||g||| |Audit fee in respect ofthe financial|||statements||||8,715|8,300|| |Other fees payable to auditor:
Audit ofthe charity's
subsidiaries|||||||4,790|2,510|| |Tax compliance
services|||||||360|180|| |Non audit services|||||||1,335|1,980|| ||||||||6,485|4,670|| |11
Tax on net income|||||||||| |Consolidated|||||||||| ||||||||2021|2020|| |Current taxation|||||||||| |UK Corporation
tax|||||||2,118|455|| |Adjustment
to prior year||||||||623|| ||||||||2,118|1,078|| |Deferred taxation|||||||||| |Origination
and reversal|oftiming||differences|||||(360)|| |Tax on net income|||||||2,118|718|| |The tax charge for the year is higher than||||(2020:higher||than) the|standard
rate|ofcorporation|tax in| |the UKof19%(2020: 19%).|||||||||| |The differences are reconciled below:|||||||||| ||||||||2021|2020|| |Net income before tax|||||||82,008|56,851|| |Corporation
tax at standard
rate
Effects ofnet income exempt Irom taxation
Expenses not deductible
for tax purposes
Effectoftaxation losses|||||||15,582
(21,060)
1,013
6,583|10,802
(14,336)
2,017
1,612|| |Adjustment
to prior year||||||||623|| |Total tax charge|||||||2,118|718|| ## ## |13
Staff co|sts and numbers||||| |---|---|---|---|---|---| |||2021|||2020| |||Charity|Consol'd|Charity|Consol'd| |Salaries and wages
Social Security costs||2,746,887
238,056|2,940,097
248,592|2,602,876
218,394|2,858,014
233,098| |Pension contributions:-|||||| |Contributions|to defined|78,265|83,I I I|72,948|79,758| |contribution|scheme||||| |Operating
costs re defined benefit||56,000|56,000|76,000|76,000| |scheme|||||| |||3,119408|3827,800|2,970,218|3,246,870| |he average weekly number ofempl|he average weekly number ofempl|oyees
during the y|ear, analysed|by function, was:|by function, was:| |---|---|---|---|---|---| |Number ofemployees||2021||2020|| |||Charity|Consol'd|Charity|ConsoVd| |Support Services|and Housing|108|108|112|112| |Management
Other Charitable|Services||17||21| |Support costs|||9|9|9| |||117|134|121|142| ## ## ## |Parent and Consolidated||| |---|---|---| ||Website|Total| |Cost||| |At 31March 2020|12,162|12,162| |At 31March 2021|12,162|12,162| |Amortlsatlon||| |At 31March 2020|4,865|4,865| |Charge for the year|2,432|2432| |At 31March 2021|7297|7297| |Net BookValue||| |At 1 April 2020|7497|77297| |At 31March 2021|4,865|4,$65| ## |15
Tangible fixed assets||||| |---|---|---|---|---| |Charity
only|Freehold|Leasehold|Furniture|Total| ||Properties|Improvements|Equipment|| |Valuation
/ cost||||K| |At 1 April 2020|438,061|10,977|430,264|879,302| |Additions
during year
Disposals during year
Revaluation|23,939||115,741
(105,480)|115,741
(105,480)
23,939| |At 31March 2021|462,000|10,977|440,525|913,502| |Depreciation||||| |At 1 April 2020
Charge for year
Relating to disposals||10,977|385,307
16893
105,480|396,284
16893
105480| |At 31 March 2021||10,977|296,720|307,697| |Net BookValue||||| |At 1 April 2020|438,061||44,957|4$3,018| |At 31 March 2021|462,000||143,805|605,$05| ## ## ## |||Freehold|Total| |---|---|---|---| |||properties|| |Cost||453,456|453,456| |Accumulated|depreciation|7492|7492| |||445,964|445,964| ## |Consolidated||||||| |---|---|---|---|---|---|---| ||||||Furniture|| ||Freehold|Leasehold|Leasehold|Motor|th|| ||Properties|Property|Improvements|Vehicles|Equipment|Total| |Valuation
/ cost||||||| |At 1 April 2020|438,061|155,000|31,808|10,700|436,720|1,072,289| |Additions
during year
Disposals during year|||(20,831)||116,374
(111,293)|116,374
(132,124)| |Revaluation|23,939|(5,000)||||18,939| |At 31March 2021|462,000|150,000|10,977|10,700|441,801|1,075,478| |Depreciation||||||| |At 1 April 2020|||30,247|3,121|390,425|423,793| |Charge for year
Relating to disposals|||1,561
20,831|2,229|18,436
111,293|22,226
132,124| |At 31March 2021|||10,977|5,350|297,568|313,895| |Net BookValue||||||| |At
1 Ap1112020|438,061|155,000|1,561|7,5I9|46,295|648,496| |At 31March 2021|462,000|150,000||5,350|144433|761,583| ## ## ## ## |vacant posse|ssion method.
The h|istorical costofthe pr|operties
included|at valuatio| |---|---|---|---|---| |||Freehold|Leasehold|Total| |||property|Property|| |Cost||453,456|185,091|638,547| |Accumulated|depreciation|7492|7222|14714| |||445 964|177869|623,833| |6
Investments
held as fixed
Charity
only|assets||| |---|---|---|---| ||Leasehold||| ||investment|Subsidiary|| ||property|undertakings|Total| |Valuation|||| |At 1 April 2020|155,000||155,000| |Revaluation|5,000||5,000| |At 31March 2021|150,000||150,000| |Net book value|||| |At 1 April 2020|155,000||155,000| |At 31 March 2021|150000||150000| ## ## ## ## ## |undertakings
is not less tha|n the amount
included|in the balance sheet.||| |---|---|---|---|---| ||||Business 900|| |||Flowerpots|Community|| |||Day Nursery||Interest| |Undertaking||Limited|Company|| |Company
number||09308460|06913644|| |Holding
Proportion ofvoting rights|and shares held|1 Ordinary
share
100%||100%| |Principal activity||Day nursery|Cleaning|services| |Aggregate
assets, liabilities|and funds|(67,294)||22,972| |Trading summary:||||| |Turnover||110,545||112,788| |Expenditure||148,086||106,198| |(Loss)/profit||(37,541)||6,590| ## |7
Debtors||||| |---|---|---|---|---| ||2021||2020|| ||Charity|Consol'd|Charity|Consol'd| |Due within one year:
Net rents in arrears|264,100|264,100|259,374|259,374| |Amounts
owed by group undertaking
Other debtors|30,944
128,115|164,669|40,760
57,605|78,674| |Prepaid expenses|106,850|109,207|103329|110,358| ||530,009|537976|461068|448,406| ## ## |8
Creditors||||| |---|---|---|---|---| ||2021||2020|| ||Charity|Consol'd|Charity|Consol'd| |Amounts
fafling due within one year:||||| |Bank loans|10,560|10,560|9,989|9,989| |Obligations
under finance lease|16,320|18,669||2,349| |Amounts
owed to group undertaking|18,146||24,892|| |Trade creditors|191,677|192,773|87,394|88,548| |Other creditors|130,944|133,811|108,713|114,102| |Social security and other taxes|58,888|65,083|53,689|67,146| |Accruals and deferred income|156,415|164556|135,385|141,311| ||582950|585,452|420 062|423,445| ## |9
Creditors - Amounts
faUing|due after one year:|due after one year:||| |---|---|---|---|---| ||2021||2020|| ||Charity|Consol'd|Charity|Consol'd| |||K||| |Bank loans|137,879|137,879|147,407|147,407| |Finance loan creditor|32,640|36,291||5,318| ||170,519|174,170|147407|152,725| ## ## ## ||Charity and Con|solidated|||||| |---|---|---|---|---|---|---|---| |||||||Gains,|| ||||Balance|Incoming|Outgoing|losses and|Balance| ||||01.04.2020|Funds|Funds|transfers|31.03.2021| |(i)|Dewsbury
Road Day Centre||155,060||||155,060| ||Fund||||||| |(ii)|Sahara Nationality|Fund|3,500||||3,500| |(iii)|Sahara Women Without
Recourse Fund||11,118||||11,118| |(iv)
(v)|Sinclair DAT Fund
LCC Refurbishment|Fund|29,120
666||||29,120
666| |(vi)|Tempest Road Development
Fund||5,092||||5,092| |(vii)
(viii)|Right to Buy Fund
Computer/IT
Fund||47,720|9,517
39,826||2,124|57,237
41,950| ||||252476|49343||2,124|303743| |||||||Gains,|| ||||Balance|Incoming|Outgoing|losses and|Balance| ||||01.04,2019|Funds|Funds|transfers|31.03.2020| |(i)|Dewsbury
Road Day Centre
Fund||155,060||||155,060| |(ii)|Sahara Nationality|Fund|3,500||||3,500| |(iii)|Sahara Women Without
Recourse Fund||11,118||||11,118| |(iv)
(v)|Sinclair DAT Fund
LCC Refurbishment|Fund|29,120
666||||29,120
666| |(vi)|Tempest Road Development
Fund||5,092||||5,092| |(vii)|Right toBuy Fund||204,556|47,720
47,720|||47,720
252,276| ## ## |Charity only||||||||| |---|---|---|---|---|---|---|---|---| ||||Balance
01.04.2020|Incoming
Funds|Outgoing
Funds|Gains and
Losses|Transfers|Balance
31.03.2021| |||||K|||f.|| |(a) General Maintenance||Fund||||||| |(b) Furniture/Renewals
(c) Redundancy
Fund
(d) Welfare Fund
(e) Scheme Funding||Fund|1,180
3,770
33,998|23,881|(363)
7490||2,124|1,180
3,407
48,265| ||||38,948|23,881|(7,853)||(2,124)|52,852| |General Funds|||367,720|5,499,204|5,380,615|6781|-|493,090| ||||406,668|5,523,085|(548$,468)|6,781|(2,124)|545,942| |Pension reserve|||627,000|-|71,000|110,000||808,000| ||||220,332|5,523,085|5,459,468|103,219|2,124|262,058| ||||Balance
01.04,2019|Incoming
Funds|Outgoing
Funds|Gains and
Losses|Transfers|Balance
31.03.2020| |(a) General Maintenance||Fund||||||| |(b) Furniture/Renewals
(c) Redundancy
Fund
(d) Welfare Fund
(e) Scheme Funding||Fund|1,180
3,795
19,896
24,871|17,172
17,172|(25)
3,070
(3,095)|||1,1$0
3,770
33,998
3$,948| |General Funds|||349,343|4,997,416|(4,$95,041)|(84,624)|626|367,720| |Revaluation
reserve|||626||||626|| ||||374,840|5,014,588|(4,89$,136)|(84,624)||406,668| |Pension reserve|||511000|-|8$,000|28,000||627,000| ||||136,160|5,014588|4,9$6136|112,624||220
32| |Unrestricted|Funds|||||||| |Consolidated||||||||| ||||Balance
01.04.2020|Incoming
Funds|Outgoing
Funds|Gains and
losses|Transfers|Balance
31.03.2021| ||||K|||||| |(a) General Maintenance||Fund||||||| |(b) Furniture/Renewals
(c) Redundancy
Fund
(d) Welfare Fund
(e) Scheme Funding||Fund|1,180
3,770
33998
38,948|23 881
23,881|(363)
7,490
(7,853)||(2,124)|1,180
3,407
48,265
52,852| |General Funds|||408 972|5,666371|5,578,734|18939|-|515,548| |Pension reserve|||447,920
627,000|5,690852
-|(5,586,587)
71000|18839
110,000|(2,124)|568,400
808000| ||||179080|5,690452|5,657587|91,061|2124|239600| ## ## ## |21
Unrestricted
f|unds, c|ontinued
from|page 38||||| |---|---|---|---|---|---|---|---| |||Balaace
01.04.2019|Incoming
Funds|Outgoing
Funds|Gains and
losses|Transfers|Balance
31.03.2020| ||||||||K| |(a) General Maintenance|Fund||||||| |(b) Furniture/Renewals
(c) Redundancy
Fund
(d) Welfare Fund
(e) Scheme Funding|Fund|1,180
3,795
19,896
24,871|17,172
17,172|(25)
(3,070
(3,095)|||1,180
3,770
33,998
38,948| |General Funds||355,292|5,274,289|(5,191,235)|(30,000)|626|408,972| |Revaluation
reserve||626|-|-|-|626|| |||380,789|5,291,461|(5,194,330)|(30,000)||447,920| |Pension reserve||511,000|-|88,000|28,000||627,000| |||130411|5491,461|5482 30|58,000||179,080| ## ## |22
Analysis ofnet a
Charity only|ssets between f|unds excluding|pension lia|bility|| |---|---|---|---|---|---| |||General|Restricted|Total|Total| |||Funds|Funds|2021|2020| |Fixed assets||610,670|150,000|760,670|645,315| |Current assets||688,741|153,743|842,484|581,098| |Creditors, falling due within
Creditors, falling due more|one year
than one year|(582,950)
170519||(582,950)
170,519|(420,062)
147,407| |Net Assets||545,942|303,743|849,685|658,944| ## ## ## |Consolidated||||| |---|---|---|---|---| ||General|Restricted|Total|Total| ||Funds|Funds|2021|2020| |Fixed assets|616,448|150,000|766,448|655,793| |Current assets|711,574|153,743|865,317|620,573| |Creditors, falling due within one year|(585,452)||(585,452)|(423,445)| |Creditors, falling due more than one year|174,170||174 170|152,725| |Net Assets|568400|303,743|872,143|700,196| ## ## |t 31 March 2021 the company
had future mini|mum
operating
leases paymen|ts
as follo| |---|---|---| ||2021|2020| ||f.|g| |Within one year|49,096|45,245| |Between one and five years|124241|150,797| ||173,337|196,042| ## ## ## ## |26
Recon|ciliation ofne|t e|xpenditure
to net cas|h flow from|operating|activities|activities| |---|---|---|---|---|---|---|---| ||||||2021|2020|| ||||||g||| |Net income|/ (expenditure)|for|the year||82,008||56,851| |Pension scheme adjustment|||||71,000||88,000| |Interest paid|||||7,630||4,185| |Depreciation|and amortisation||charges||24,658||33,965| |Corporation|tax||||2,118||718| |(Increase) in debtors||||(89,570)||(150,496)|| |Increase in creditors||||142,998|||47,656| |||||240,842|||80,879| |26.1
Analysis ofchanges||in|net debt||||| ||||01.04.2020|Net cash
flows|||31.03.2021| |Cash|||172,167|155,174|||327,341| |Debt due within one year|||(12,338)|(571)|(16,320)||(29,229)| |Debt due atter|one year||152725|11195|(32,640)||174,170| ||||7,104|165,798|(48,960)||123,942| ## |The key assumptions
used b
purposes were:-|y the actuary
in updatin|g
the latest valuation
of
the|Fund fo| |---|---|---|---| |||2021|2020| |Discount rate for liabilities||2.10|2.30| |Pension increases||2.70|2.00| |Pension accounts revaluation|rate|2.70|2.00| |Salaries increases||3.95|3.25| |CPI Inflation||2.70|2.00| ## ## |Males|||2021||2020|| |---|---|---|---|---|---|---| |Member aged 65|at accounting|date|21.9||21.8|| |Member aged 45|at accounting|date|22.6||22.5|| |Females||||||| |Member aged 65|at accounting|date|24.7||24.6|| |Member aged 45|at accounting|date|25.8||25.7|| |The approximate|split ofthe assets ofthe Fund is as set|||out below:-||| |||||2021||2020| |Equities
Property
Government
bonds||||79.7
3.8
8.3||77.5
4.5
9.6| |Corporate bonds
Cash||||4.6
2.0||5.1
1.9| |Other||||1.6||1.4| |||||100.0||100.0| |The actual returns on assets are set out below:-||| |---|---|---| ||2021|2020| |Interest income on assets|41,000|48,000| |Gains/(Losses)
on assets|378,000|(194,000)| |Actual return on assets|419,000|(146,000)| ## ## ## |27
Pensions, continued
from page 42|27
Pensions, continued
from page 42||| |---|---|---|---| |The changes in the fair values ofthe assets were:-|||| |||2021|2020| |Opening fair value of assets
Interest income on assets||1,841,000
41,000|2,028,000
48,000| |Re-measurement
gains/(losses)|on assets|378,000|(194,000)| |Members contributions||10,000|10,000| |Net benefits paid out||(92,000)|(51,000)| |Closing fair value ofassets||2,178,000|1,841,000| |The changes in the present values ofthe defined benefit obligations:-
2021|||2020| |Opening present value ofliabilities
Current service costs||2,468,000
56,000|2,539,000
58,000| |Interest expense on defined benefit obligations
Members contributions||56,000
10,000|60,000
10,000| |Actuarial losses/(gains)
on liabilities||488,000|(166,000)| |Net benefits paid out
Past service costs||(92,000)|(51,000)
18,000| |Closing present value of liabilities||2,986,000|2,468,000| |The reconciliation ofthe funded|status ofthe Fund to the balance sheet is as follows:-||| |||2021|2020| |Fair value ofassets||2,178,000|1,841,000| |Present value of funded defined|benefit obligations|2,986,000|2,468,000| |Net pension liability||(808,000)|(627,000)| ## ## |The pension costs recogn|ised
in the statement|offinancial activitie|s are made up as|follows:-| |---|---|---|---|---| ||||2021|2020| |Operating Costs:-
Current service cost|||56,000|58,000| |Past service cost||||18,000| |Finance costs:—||||| |Interest costs on pension|liabilities||15,000|12,000| ||||71,000|88,000| |Actuarial
losses||110,000||28,000| |Total pension costs recognised||181,000||116,000| |Sensitivity Analysis:-||Base figure|+0.1%|-0.1%| |Discount Rate||||| |Present value oftotal obligation||2,986,000|2,926,000|3,049,000| |Projected service cost||75,000|73,000|77,000| |Rate ofincrease in salaries||||| |Present value oftotal obligation||2,986,000|2,995,000|2,977,000| |Projected service cost||75,000|75,000|75,000| |Rate ofincrease in pensions||||| |Present value of total obligation||2,986,000|3,037,000|2,935,000| |Projected service cost||75,000|77,000|73,000| |Post retirement
mortality|assumption||-I year|+I year| |Present value oftotal obligation||2,986,000|3,096,000|2,879,000| |Projected service cost||75,000|78,000|72,000| ##