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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|||||
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||||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|
##
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||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|
##
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|||||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||||||
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|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|
##
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##
||||||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|
##
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##
||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|
##
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##
|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|
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##
|||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|
##
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##
|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||||||
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