2021-07-31-accounts - East Lindsey Information Technology Centre

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				Page
Reference and administrative		details ofthe Company,	its Trustees and advisers
Trustees' report				2-10
Independent	auditors' report	on the financial statements		11-14
Consolidated	statement offinancial activities			15
Consolidated	balance sheet			16
Company balance sheet				17 - 18
Consolidated	statement ofcash flows
Notes to the	financial statements			20 - 35

Trustees			LJ Ducket
			P McCooey
			L G Harman
			Cllr S R Kirk	(resigned		6 May 2021)
Company	registered
number			1802906
Charity registered
number			515473
Registered		office	Unit 3
			Louth Station	Estate
			Louth
			LN11 OJT
Company	secretary		P McCooey
Chief executive officer			I Dickinson
Independent		auditors	Streets Audit	LLP
			Chartered Accountants			and Statutory	Auditor
			Tower House
			Lucy Tower	Street
			Lincoln
			LN1 1XW
Solicitors			Langleys
			Olympic House
			995 Doddington		Road
			Lincoln
			LN6 3SE
Bankers			Lloyds TSB
			Nottingham	BSC
			11 Low Pavement
			Nottingham
			NG1 7DQ

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
		Note	2021 6	2021 F	2021 f.	2020f
Income from:
Donations and legacies				103,049	103,049	127,079
Charitable activities				741,970	741,970	836,508
Other trading activities				262,626	262,626	251,567
Investments				60	60	643
Total income				1,107,705	1,107,705	1,225,797
Expenditure on:
Raising funds				248,866	248,866	266,104
Charitable activities			829	923,175	924,004	1,123,929
Total expenditure			829	1,172,041	1,172,870	1,390,033
Net movement in funds			(829)	(64,336)	(65,165)	(154,236)
Reconciliation offunds:
Total funds brought	forward		13,670	1,106,899	1,120,569	1,264,805
Net movement in funds			(829)	(64,336)	(65,165)	(164,235)
Total funds carried forward			12,841	1,042,563	1,055,404	1, 120,569

				Note		2021f		2020f
Fixed assets
Tangible assets				13		214,860		236,651
						214,860		236,851
Current assets
Stocks				16	1,488		1,031
Debtors				17	378,117		177,316
Cash at bank and	in	hand			585,588		787,878
					965,193		966,225
Creditors: amounts year		falling due within one		18	(124,649)		(82,507)
Net current assets						840,544		863,716
Total assets less	current liabilities					1,055,404		1,120,569
Net assets excluding			pension asset			1,055,404		1 120569
Total net assets						1,055,404		1,120,569
Charity funds Restricted funds				19		12„841		13,670
Unrestricted funds				19		1,042,563		1,106,699
Total funds						1,056,404		1,120,569

	Note	2021f	2020f
Charity funds Restricted funds	19	12,841	13,669
Unrestricted funds	19	1,042,583	1,113,441
Totalfunds		1,055,404	1,127,110

				2021	2020
				E
Cash flows from operating		activities
Net cash	used in operating	activities		(194,135)	(172,364)
Cash flows from investing		activities
Dividends,	interests and rents from investments			60	643
Purchase	oftangible fixed assets			(8,215)	(22,400)
Net cash	used in investing	activities		(8,155)	(21,757)
Cash flows from financing		activities
Net cash	provided by financing activities
Change	in cash and cash	equivalents in	the year	(202,290)	(194,121)
Cash and	cash equivalents	at the beginning	of the year	787,878	961,999
Cash and cash equivalents		at the end of	the year	585,588	767,676
The notes on pages 20 to 35 form part ofthese financial statements

Unrestricted	Total	Total
funds	funds	funds
2021	2021	2020f
103,049	103,049	127,079

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
				5
Adult Income			290,346	290,346	230,055
Youth Income			379,359	379,359	498,360
Commercial	training	and services	72,265	72,265	108,093
Tl2021			741,970	741,970	836,508

				Unrestricted	Total	Total
				funds	funds	funds
				2021 6	2021f	2020
	School Meals Provision-		First Meals Limited	262,626	262,626	261,567
6.	Investment	income

Unrestricted	Total	Total
funds	funds	funds
2021f	2021 F	2020
60	60	643

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021 6	2020f
First First	Meals meals-	-	operating recharge	costs of staff costs	126,868 121,998	126,868 121,998	130,825 135,279
Total	2021				248,866	248,866	266,104

					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2021 F	2021 6	2021 6	2020f
	Charitable		Activities		829	923,175	924,004	1,123,929
	Total 2020				817	1,123,112	1,123,929
9.	Analysis	ofexpenditure		by activities
					Activities
					undertaken	Support	Total	Total
					directly	costs	funds	funds
					2021 6	2021	2021	2020f
	Charitable		Activities		787,389	136,615	924„004	1,123,929
	Total 2020				949,664	174,265	1,123,929
	Analysis	ofdirect costs
						Charitable	Total	Total
						Activities	funds	funds
						2021	2021	2020
						6
	Staff costs					682,630	682,630	771,366
	Materials	and purchases				46,733	46,733	66,080
	Subcontract		tutors			45,796	45,796	81,294
	Staff travel					2,907	2,907	22,759
	Trainee allowances					150	150	147
	Telephone					9,173	9,173	8,018
	Total 2021					787,389	787,389	949,664

	Total	Total
	funds	funds
	2021f	2020f
Depreciation	29,893	28,950
Rent and rates	16,847	27,715
Light and heat	4,963	7,012
Repairs and renewals	30,587	42,523
Advertising	1,706	3,231
Staff travel and training	3,530	5,468
Printing, postage and stationary	3,672	5,528
Insurance	4,427	5,441
Legal and professional	13,126	5,224
Governance costs - Audit fees	4,104	4,482
Bank charges		28
VAT absorbed	14,667	22,269
Sundry	7,908	12,705
Hire of equipment		3,688
Loss on disposals	313
Bad debt provision	872
Total 2021	136,615	174,255

Staff costs
				Group 2021	Group 2020	Company 2021	Company 2020
				6
Wages and salaries Social security costs				707,496 52,963	798,244 59,520	601,762 44,659	578,651 51,948
Contribution schemes	to defined	contribution	pension	44,169	48,781	36,209	40,757
				804,628	905,545	682,630	771,366

Group	Group
2021	2020
No.	No.
41	41

		Short-term
	Freehold	leasehold	Office	Computer
	property f	property f	equipment f	equipmentf	Total
Cost
At 1 August 2020	572,829	94,138	169,041	269,048	1,105,056
Additions			8,215		8,215
Disposals		(1,570)			(1,570)
At 31 July 2021	572,829	92,568	177,256	269,048	1,111,701
Depreciation
At 1 August 2020	371,095	93,687	154,591	248,832	868,205
Charge for the year	12,316	138	9,798	7,641	29,893
On disposals		(1,257)			(1,257)
At 31 July 2021	383,411	92,568	164,389	256,473	896,841
Net book value
At 31 July 2021	189,418		12,867	12,575	214,860
At3/ Ju/y2020	201,734	451	14,450	20,216	235,851

The following	were subsidia	ry undertaki	ngs ofthe Compan	y:
Names			Company number	Principal activity		Class of shares	Holding
First Meals Limited The Big Idea (Lincolnshire)		CIC	10729159 08158999	School meal provision Dormant		Ordinary Ordinary	100% 100%
The financial	results ofthe	subsidiaries	for the year were:
Names				Income 6	Expenditure 6		Surplus/ (Deficit) for
							the year
							6
First Meals	Limited			262,626		250,871	11,755

16.	Stocks
			Group	Group	Company
			2021 f.	2020 f	2020
	Raw materials	and consumables	1,488	1,031
17.	Debtors

		Group	Group	Company	Company
		2021f	2020	2021 f	2020 f
Due within one year
Trade debtors		318,667	52533	282,336	45,297
Amounts owed by group undertakings				138,885	110,842
Other debtors		33,137	94,100	33,135	94,100
Prepayments	and accrued income	26,313	30,583	26,313	30,648
		378,117	177,316	480,669	280,887

				Group	Group	Company	Company
				2021f	2020	2021	2020f
Trade creditors				19,541	26,184	13,394	25,177
Other taxation		and social security		71,895	16,073	65,233	20,020
Pension	fund loan payable			6,826	9,077	6,826	9,077
Accruals	and deferred		income	26,387	31,173	24,717	27,855
				124,649	82,507	110,170	82 142

Statement offunds -current year
	Balance at 1			Balance at
	August 2020 5	Income 5	Expenditure F	31July 2021 F
Unrestricted funds
General Funds	1,106,899	1,107,705	(1,172,041)	1,042,563
Restricted funds
Learning and Skills Council Traineeship Bursary	9,305 4,365		(679) (150)	8,626 4,215
	13,670		(829)	12,841
Total offunds	1,120,569	1,107,705	(1,172,870)	1,055,404

Statemen	t offunds - prior year
		Balance at
		1 August			Balance at
		2019f	Income f	Expenditure f	31July 2020
Unrestricted funds
General	Funds	1,270,318	1,225,797	(1,389,216)	1,106,899
Restricted funds
I earning	and Skills Council	9,975		(670)	9,305
Traineeship Bursary		4,512		(147)	4,365
		14,487		(817)	13,670
Total of	funds	1,284,805	1,225,797	(1,390,033)	1,120,569

Summary offunds - current y	ear
	Balance at 1			Balance at
	August 2020f	Income f	Expenditure f	31July 2021
General funds	1,106,899	1,107,705	(1,172,041)	1,042,583
Restricted funds	13,670		(829)	12,841
	1,120,569	1,107,705	(1,172,870)	1,055,404

Summary offunds - prior year
	Balance at
	1	August 2019	Income 6	Expenditure	Balance at 31July 2020 f
General funds	1,270,318		1,225, 797	(1,389,216)	1,106,899
Restricted funds		14,487		(817)	13,670
	1,284,805		1,225, 797	(1,390,033)	1,120,569
Analysis of net assets between funds
Analysis of net assets between funds -current year
			Restricted	Unrestricted	Total
			funds	funds	funds
			2021	2021	2021
			6	F	6
Tangible fixed assets				214,860	214,860
Current assets			12,841	952,352	965,193
Creditors due within one year				(124,649)	(124,649)
Total			12,841	1,042,563	1,055,404
Analysis of net assets between funds -prior year
			Restricted	Unrestricted	Total
			funds	funds	funds
			2020 f	2020 f	2020f
Tangible fixed assets				236,851	236,851
Current assets			13,670	952,555	966,225
Creditors due within one year				(82,507)	(82,507)
			13,670	1,106,899	1,120,569
Total