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|||||||Page|
|---|---|---|---|---|---|---|
|Reference and administrative||||details ofthe Charity,|its Trustees and advisers|1-2|
|Trustees'<br>report||||||3-13|
|Independent|auditors'||report|on the financial statements||14 —17|
|Consolidated|statement||offinancial activities|||18|
|Consolidated|balance|sheet||||19-20|
|Charity balance sheet||||||21 —22|
|Consolidated|statement||ofcash flows|||23|
|Notes to the|financial|statements||||24-53|





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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|Metric|1|Reinvestment<br>'/o|||||18'/o|16'/o|
|Metric|2A|New supply<br>delivered|'/o (social housing||units)||8yo|24o/o|
|Metric|2B|New supply<br>delivered|'/o (non-social|housing||units)|00/|go/o|
|Metric|3|Gearing<br>'/o|||||-23o/o|-145o/o|
|Metric|4|EBITDA MRI interest|cover ok||||1 116o/o|32,845'/o|
|Metric|5|Headline<br>social housing cost per unit|||||68,797|67,658|
|Metdic <br>Metric|6A<br> 6B|Operating<br>margin<br>'/o <br>Operating<br>margin<br>'/o|(social housing<br> (overall)|lettings||only)|40/<br>4o/o|5'/o<br>9'/o|
|Metric|7|Return<br>on capital employed|||||1go/o|50'/o|





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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2021<br>6|2021<br>6|2021|2020f|
|Income from:|||||||
|Donations<br>and legacies|||37,516|40,400|77,916|5,153,245|
|Charitable<br>activities|||50,228,633|14,741,625|64,970,258|44,898,374|
|Other trading<br>activities|||56,089||56,089|34,742|
|Investments|||863||863|20,759|
|Other income|||7,854||7,854|18,750|
|Total income|||50,330,955|14,782,025|65,112,980|50,125,880|
|Expenditure<br>on:|||||||
|Raising funds|||251,347||251,347|234,989|
|Charitable<br>activities||8|47,146,142|14,728,927|61,875,069|45,363,592|
|Other expenditure||9|(1,032,828)||(1,032,828)|161,000|
|Total expenditure|||46,364,661|14,728,927|61,093,588|45,759,581|
|Net income|||3,966,294|53,098|4,019,392|4,366,299|
|Transfers between<br>funds||23|(8,237)|8,237|||
|Net movement<br>in funds before other|||||||
|recognised<br>gains/(losses)|||3,958,057|61,335|4,019,392|4,366,299|
|Other recognised gains/(losses):|||||||
|Actuarial<br>(losses)/gains|on defined||||||
|benefit pension schemes||29|(60,000)||(60,000)|67,000|
|Net movement<br>in funds|||3,898,057|61,335|3,959,392|4,433,299|
|Reconciliation<br>offunds:|||||||
|Total funds brought forward|||8,496,185|173,641|8,669,826|4,236,527|
|Net movement<br>in funds|||3,898,057|61,335|3,959,392|4,433,299|
|Total funds carried forward|||12,394,242|234,976|12,629,218|8,669,826|





## 

|||||||Note|2021|2021<br>6|2020|2020f|
|---|---|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||||
|Intangible<br>assets||||||15|||||
|Tangible assets||||||16||8,517,543||7,329,952|
|Investments||||||17||1||35,001|
|||||||||8,517,544||7,364,953|
|Current assets|||||||||||
|Stocks||||||18|129,143||58,945||
|Debtors||||||19|6,713,956||8,555,935||
|Cash at bank and|in hand||||||10,669,327||4,850,960||
||||||||17,512,426||13,465,840||
|Creditors: amounts||falling due within one|||||||||
|year||||||20|(10,830,132)||(10,122,636)||
|Net current assets||||||||6,682,294||3,343,204|
|Total assets less|current|||liabilities||||15199838||10,708,157|
|Creditors: amounts||falling due after more|||||||||
|than one year||||||21||(2,355,702)||(1,928,331)|
|Provisions for liabilities||||||22||(42,918)|||
|Net assets excluding|||pension||liability|||12,801,218||8,779,826|
|Defined benefit pension|||scheme||liability|29||(172,000)||(110,000)|
|Total net assets||||||||12,629,218||8,669,826|
|Charity funds|||||||||||
|Restricted funds||||||23||234,976||173,641|
|Unrestricted<br>funds|||||||||||
|Unrestricted<br>funds|excluding|||pension asset||23|12,566,242||8,606,185||
|Pension reserve||||||23|(172,000)||(110,000)||
|Total unrestricted|funds|||||23||12,394,242||8,496,185|
|Total funds||||||||12,629,218||8,669,826|





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## 

||||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Note||6|||
|Fixed assets||||||||||||
|Tangible assets|||||||16||8,450,420||7,329,952|
|Investments|||||||17||1,032,830||35,002|
||||||||||9,483,250||7,364,954|
|Current assets||||||||||||
|Stocks|||||||18|128,278||57,129||
|Debtors|||||||19|6,199,624||8,741,688||
|Cash at bank and||in hand||||||8,832,719||4,817,181||
|||||||||15,160,621||13,515,998||
|Creditors: amounts||falling due within||||one||||||
|year|||||||20|(9,890,197)||(10,082,732)||
|Net current assets|||||||||5,270,424||3,533,266|
|Total assets less||current||liabilities|||||14,753,674||10,898,220|
|Creditors: amounts||falling due after||||more||||||
|than one year|||||||21||(2 355 702)||(1,928,331)|
|Net assets excluding|||pension||liability||||12,397,972||8,959,889|
|Defined benefit pension|||scheme||liability||29||(172,000)||(110,000)|
|Total net assets|||||||||12,225,972||8,859,889|
|Charity funds||||||||||||
|Restdicted funds|||||||23|234,976||173,641||
|Restricted funds|||||||23||234,976||173,641|
|Unrestricted<br>funds||||||||||||
|Unrestricted<br>funds||excluding||pension||liability|23|11,130,168||8,796,248||
|Pension reserve|||||||23|(172,000)||(110,000)||
|Total unrestricted|funds||||||23||11,990,996||8,885,248|
|Total funds|||||||||12,225,972||8,859,889|





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## 

||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6||
|Cash flows from operating||activities|||||
|Net cash used<br>in operating||activities - Note||25|7,690,144|(1,084,08/)|
|Cash flows from investing||activities|||||
|Dividends,<br>interests and rents from investments|||||14,188|20,769|
|Purchase oftangible<br>fixed assets|||||(1,889,718)|(1,256,392)|
|Proceeds from sale ofinvestments|||||35,000||
|Net cash used in investing||activities|||(1,840,530)|(1,235,623)|
|Cash flows from financing||activities|||||
|Repayments<br>of borrowing|||||(31,247)|(31,434)|
|Cash received on merger||||||1,528,323|
|Net cash (used in)/provided||by financing||activities|(31,247)|1,496,889|
|Change<br>in cash and cash||equivalents|in|the year|5,818,367|(822,815)|
|Cash and cash equivalents|at the beginning|||ofthe year|4,850,960|5,573,775|
|Cash and cash equivalents||at the end|of|the year|10,669,327|4,850,960|





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||Unrestncted|Restncted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021f|2021<br>8|2021f|2020f|
|Donations|37,516|40,400|77,916|5,153245|
|Total 2020|5,110,013|43,232|5,153,245||



## 

|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021<br>E|2021<br>6|2021f|2020f|
|Central support services||9,673,834|187,387|9,861,221|25,002|
|Young people and families||1,204,205|82,372|1,286,577|1,384,055|
|Health||32,902,033|12,065,826|44,967,859|35,171,218|
|Criminal justice|||||564,177|
|Housing<br>and independent|living|6,133,371|67,441|6,200,812|6,332,760|
|Education<br>and employment||315,190|2,338,599|2,653,789|1,421,162|
|Total 2021||50,228,633|14,741,625|64,970,258|44,898,374|
|Total 2020||30,043,195|14,855,179|44,898,374||





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## 

|||Unrest|d cted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2020|
||||6|6||
|More Time|(UK) Limited||56,089|56,089|34,742|
|Total 2020|||34 742|34 742||
|Investment|income|||||
|||Unrestricted||Total|Total|
||||funds|funds|funds|
||||2021|2021|2020|
||||6|F||
|Investment|income||863|863|20,769|
|Total 2020|||20,769|20,769||





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## 

|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021<br>8|2021<br>F|2021<br>6|2020f|
|Central|support services|||9,082,541|187,387|9,269,928|1,213,466|
|Young|people and families|||1,096,311|82,373|1,178,684|1,309,673|
|Health||||30,807,107|12,007,051|42,814,158|34,761,370|
|Criminal|justice||||||524,001|
|Housing|and|independent|living|5,687,628|109,005|5,796,633|6,102,935|
|Education<br>and employment||||472,555|2,343,111|2,815,666|1,452,147|
|||||47,146,142|14,728,927|61,875,069|45,353,592|
|Total 2020||||30,425,861|14,937,731|45,363,592||
|Other expenditure||||||||
||||||Unrestricted|Total|Total|
||||||funds|funds|funds|
||||||2021<br>6|2021<br>E|2020f|
|Pension|fund|liability|||||161,000|
|Goodwill|on consolidation||||(1,032,828)|(1,032,828)||
||||||(1,032,828)|(1,032,828)|161,000|
|Total 2020|||||161,000|161,000||





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## 

## 

||||||Activities||||
|---|---|---|---|---|---|---|---|---|
||||||undertaken|Support|Total|Total|
||||||directly|costs|funds|funds|
||||||2021|2021|2021|2020|
|||||||6|6||
|Central support services|||||9,085,815|184,113|9,269,928|1,213,466|
|Young people and families|||||1,053,416|125,268|1,178,684|1,309,673|
|Health|||||39,330,272|3,483,886|42,814,158|34,761,370|
|Criminal|justice|||||||524,001|
|Housing|and independent|living|||5,395,753|400,880|5,796,633|6,102,935|
|Education|and employment||||2,665,991|149,675|2,815,666|1,452,147|
||||||57,531,247|4,343,822|61,875,069|45,353,592|
|Total 2020|||||40,320,112|5,043,480|45,363,592||
|Auditors'|remuneration||||||||
||||||||2021|2020|
||||||||6|6|
|Fees payable to the Charity's|||auditor and its||associates for the|audit ofthe|||
|Charity's|annual accounts||||||39,500|19,500|
|Fees payable to the Charity's|||auditor and its||associates<br>in respect of:||||
|All non-audit<br>services not included||||above||||1,000|
|Staff costs|||||||||
||||||Group|Group|Company|Company|
||||||2021<br>6|2020<br>5|2021f|2020|
|Wages and salaries|||||34,627,165|25,308,753|29,339,617|25,218,546|
|Social security costs|||||2,948,296|2,171,799|2,517,927|2,156,513|
|Contribution<br>to defined contribution||||pension|||||
|schemes|||||1,422,994|068898|1 177298|968,358|
|Operating|costs ofdefined|benefit||pension|||||
|schemes|||||(1,000)|12,000|(1,000)|12,000|
||||||38,997,455|28,551,450|33,033,842|28,365,417|



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## 

|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||No.|No.|No.|No.|
|Charitable|activities|1,272|887|1,044|887|
|Governance||2|2|2|2|
|Support activities||100|97|100|97|
|Generating|funds|36|29|||
|||1,410|1,015|1,146||



|Group|Group|
|---|---|
|2021|2020|
|No.|No.|



## 



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## 

|Income and expenditu|re<br>fro|m s|oci|a|l housing|||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E||
|Income from social housing||letting|||activities|||
|Rent receivable||||||2,624,613|2,349,159|
|Service charge income||||||||
|Gross rent receivable||||||2,624,613|2,349,159|
|Rent losses from voids||||||(357,970)|(300,807)|
|Net rents receivable||||||2,266,644|2,048,352|
|Amorlised<br>government|grants|||||96,868|88,117|
|Other income||||||6,944|13,880|
|Total income from social housing||||letting activities||2,370,456|2,150,349|
|Expenditure<br>on social housing|||letting activities|||||
|Management||||||398,593|333,515|
|Other costs||||||1,437,114|1,321,699|
|Maintenance||||||272,334|239,513|
|Depreciation||||||165,502|145,855|
|Total expenditure<br>on social||housing|||letting activities|2,273,543|2,040,582|
|Operating<br>surplus<br>on|social|housing|||letting activities|~813|~f097 7|
|Accommodation<br>in Management||||||||
|Supported<br>housing —No. of units||||||||





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## 

|||Negative||
|---|---|---|---|
||Goodwillf|goodwill<br>f|Total<br>f|
|Cost||||
|At 1 April 2020|42,000||42,000|
|Additions||(1,032,828)|(1,032,828)|
|At 31 March 2021|42,000|(1,032,828)|(990,828)|
|Amortisation||||
|At 1 April 2020|42,000||42,000|
|Charge for the year||(1,032,828)|(1,032,828)|
|At 31 March 2021|42,000|(1,032,828)|(990,828)|
|Net book value||||
|At 31 March 2021||||
|At 31March 2020||||





## 

||||||||Social||
|---|---|---|---|---|---|---|---|---|
||||||||housing||
|||Freehold|Long-term<br>leasehold|Motor|Fixtures<br>and|Computer|properties<br>held for||
|||property|property|vehicles<br>8|fittings<br>8|equipment<br>8|letting<br>8|Total<br>8|
|Cost or|||||||||
|valuation|||||||||
|At 1 April 2020||5,393,520|4,155,713|143,646|1,532,415|||11,225,294|
|Additions||829,560|520,559|3,587|329,357|125,743||1,808,806|
|On acquisition|of||||||||
|subsidiaries||||26,280|262,920|||289,200|
|Disposals|||||(88,866)|||(88,866)|
|Transfers|||||||||
|between classes||3,866,905)|(808,555)||||4,675,460||
|At 31 March 2021||2,356,175|3,867,717|173,513|2,035,826|125,743|4,675,460|13,234,434|
|Depreciation|||||||||
|At 1 April 2020||589,885|1,950,226|84,810|1,270,421|||3,895,342|
|Charge for the|||||||||
|year||174,676|292,915|30,927|197,893|5,716||702,127|
|On disposals|||||(88,866)|||(88,866)|
|Transfers|||||||||
|between classes||(366,357)|(453,461)||||819,818||
|On<br>acquisition|of||||||||
|subsidiaries||||26,280|182,008|||208,288|
|At 31 March 2021||398,204|1,789,680|142,017|1,561,456|5,716|819,818|4,716,891|
|Net book value|||||||||
|At 31 March 2021||1,957,971|2,078,037|31,496|474,370|120,027|3,855,642|8,517,543|
|At31March 2020||4,603,635|2,205,467|56,636|261,994|||7,329,952|





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## 

## 

|||||||Social||
|---|---|---|---|---|---|---|---|
|||LOI19||||housing||
|||term||Fixtures||properties||
||Freehold|leasehold|Motor|and|Computer|held for||
||property<br>5|property<br>5|vehicles<br>5|fittings<br>5|equipment<br>5|letting<br>5|Total<br>5|
|Cost or valuation||||||||
|At 1 April 2020|5,386,800|4,155,713|143,646|I,527,317|||11,213,476|
|Additions|829,560|520,559|3,587|281,952|125,743||1,761,401|
|Transfers<br>between||||||||
|classes|'3,866,905)|(808,555)||||4,675,460||
|At 31 March 2021|2,349,455|3,867,717|147,233|1,809,269|125,743|4,675,460|12,974,877|
|Depreciation||||||||
|At 1 April 2020|583,165|1,950,228|84,810|1,265,323|||3,883,524|
|Charge for the||||||||
|year|174,676|292,915|30,927|136,699|5,716||640,933|
|Transfers<br>between||||||||
|classes|(366,357)|(453,461)||||819,818||
|At 31 March 2021|391,484|1,789,680|115,737|1,402,022|5,716|819,818|4,524,457|
|Net book value||||||||
|At 31 March 2021|1,957,971|2,078,037|31,496|407,247|120,027|3,855,642|8,450,420|
|At 31March 2020|4,803,535|2,205,487|58,838|281,994|||7,329,952|





## 

## 

## 

## 

||Investments|
|---|---|
|Group|E|
|Cost or valuation||
|At 1 April 2020|35,001|
|Disposals|(35,000)|
|At 31 March 2021||
|Net book value||
|At 31 March 2021||
|Af31 March 2020|35,001|





## 

## 

## 

## 

||Investments|
|---|---|
||in|
||subsidiary|
|Charity|companies<br>8|
|Cost or valuation||
|At 1 April 2020|35,002|
|Additions|1,032,828|
|Disposals|(35,000)|
|At 31 March 2021|1,032,830|
|Net book value||
|At 31 March 2021|1,032,830|
|At 37 March 2020|35,Q02|



## 

|The following<br>were subsidiary<br>undertaki|ngs<br>ofthe Charity:||||
|---|---|---|---|---|
|Names||Company|Charity|Holding|
|||number|registration||
||||number||
|More Time (UK) Limited||07738729||1QQ'/|
|The Sector Group Limited (dormant)||07738950||1QQ'/|
|E D P Drug 5 Alcohol Services||2145656|0297370|1QQ'/|
|The financial<br>results ofthe subsidiaries|for the year were:||||
|Names|Income|Expenditure|Profit/(Loss)|Net assets|
||6|6|ISurplus/|6|
||||(Deficit) for||
||||the year||
|More Time (UK) Limited<br>The Sector Group Limited (dormant)|293,194|263,011|30,183|(267,684)<br>1|
|ED P Drug 8 Alcohol Services|9,616,943|9,053,817|563,126|1,595,954|





## 

## 

## 

|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||E|8||6|
|Raw materials|and consumables|865|1,816|||
|Finished goods|and goods for resale|128,278|57,129|128,278|57,129|
|||129,143|58,945|128,278|57,129|



## 

|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2021|2020<br>k|2021<br>6|2020f|
|Due within one year||||||||
|Trade debtors||||4,189,833|5,410,020|3,628,845|6,397,774|
|Amounts<br>owed by group undertakings||||||110,408|f14,169|
|Amounts<br>owed by participating|||interests|||68,712|83,775|
|Other debtors||||238,336|49,331|209,151|49,331|
|Prepayments|and accrued income|||2,285,787|2,096,584|2,182,508|2,095,638|
|||||6,713,956|8,555,935|6,199,624|8,741,688|
|Creditors: Amounts||falling due within one year||||||
|||||Group|Group|Company|Company|
|||||2021|2020|2021|2020|
|||||8|8|6|5|
|Bankloans||||31,742|32,599|31,742|32,599|
|Trade creditors||||3,653,579|1,858,373|3,339,564|1,855,754|
|Other taxation|and social security|||991,457|783,493|869,141|760,715|
|Other creditors||||467,315|412,125|380,888|411,929|
|Accruals and deferred||income||5,686,039|7,035,045|5,268,862|7,021,735|
|||||10,830,132|10,122,536|9,890,197|10,082,732|



## 



## 

## 

## 

## 

||||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|---|
||||||2021<br>6|2020<br>f|2021<br>6|2020|
|Deferred|income at||1 April 2020||5,546,346|4,494,482|5,029,202|4,493,942|
|Resources deferred|||during the year||3,476,504|5,545,346|3,342,038|5,029,202|
|Amounts|released|from previous||periods|(5,546,346)|(4,494,482)|(5,029,202)|(4,493,942)|
||||||3,476,504|5,546,345|3,342,038|5,029,202|



## 

|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||||6|5|
|Bank|loans|226,020|256,410|226,020|256,410|
|Other|creditors|2,129,682|1,671,921|2,129,682|1,671,921|
|||2,355,702|1,928,331|2,355,702|1,928,331|





## 

## 

## 

## 

## 

## 

## 

|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||Transfers|Gains/|31 March|
||April 2020|Income<br>6|Expenditure<br>6|in/out<br>f|(Losses)<br>6|2021|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Fixed Asset|||||||
|Reserve|80,912||(61,194)|47,405||67,123|
|General funds|||||||
|Unrestricted|||||||
|funds|8,525,273|50,330,955|(46,301,467)|(55,642)||12,499,119|
|Pension reserve|(110,000)||(2,000)||(60,000)|(172,000)|
||8,415,273|50,330,955|(46,303,467)|(55,642)|(60,000)|12,327,119|
|Total|||||||
|Unrestricted|||||||
|funds|8,496,185|50,330,955|(46,364,661)|(8,237)|(60,000)|12,394,242|





## 

## 

## 

## 

|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||Transfers|Gains/|31 March|
||April 2020<br>F|Income<br>f|Expenditure<br>8|in/outf|(Losses)<br>f|2021<br>8|
|Restricted|||||||
|funds|||||||
|Big lottery|73,856|437,669|(437,669)|||73,856|
|Independent|||||||
|living|21,290|73,006|(70,838)|||23,458|
|Drugs and|||||||
|alcohol|478|11,628,550|(11,569,382)|||59,646|
|Health, young|||||||
|people and|||||||
|families|78,017|82,372|(82,373)|||78,016|
|Work and skills||2,338,799|(2,343,111)|4,312|||
|Humankind|||||||
|housing||34,242|(38,167)|3,925|||
|Central||29,998|(29,998)||||
|QPCC||12,500|(12,500)||||
|Sport England||48,806|(48,806)||||
|Teignbridge|||||||
|rough sleeper|||||||
|initiative||17,227|(17,227)||||
|Avon and|||||||
|Somerset PCC||18,750|(18,750)||||
|Petroc College||14,999|(14,999)||||
|Exeter City|||||||
|Council||14,742|(14,742)||||
|National<br>Lottery|||||||
|Community|||||||
|Fund||30,365|(30,365)||||
||173,641|14,782,025|(14,728,927)|8,237||234,976|
|Total offunds|8,669,826|65,112,980|(61,093,588)||(60,000)|12,629,218|





## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

|Statement offun|ds - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||Transfers|Gains|31March|
||1April 2019<br>6|Income<br>8|Expenditure<br>f|in/out<br>6|(Losses)|2020f|
|Unrestricted|||||||
|funds|||||||
|Unrestricted|||||||
|funds|4,052,672|35,227,469|(30,644,850)|(29,106)||8,606,185|
|Defined benefit|||||||
|pension scheme|||(177,000)||67,000|(110,000)|
||4,052,672|35,227,469|(30,821,850)|(29,106)|67,000|8,496,185|
|Restricted|||||||
|funds|||||||
|Big lottery|73,850|1,221,241|(1,221,235)|||73,856|
|Independent|||||||
|living|21,084|68,812|(68,606)|||21,290|
|Drugs and|||||||
|alcohol|2,490|12,189,178|(12,191,190)|||478|
|Health, young|||||||
|people and|||||||
|families|86,431|189,717|(198,131)|||78,017|
|Work and skills||1,164,870|(1,192,070)|27,200|||
|Humankind|||||||
|housing||39,591|(41,497)|1,906|||
|Central||25,002|(25,002)||||
||183,855|14,898,411|(14,937,731)|29,106||173,641|
|Total offunds|4,236,527|50,125,880|(45,759,581)||67,000|8,669,826|





## 

## 

## 

## 

## 

|Analysis|of net assets between funds - current year||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
||||6|8|
|Tangible|fixed assets|5,874,573|2,642,970|8,517,543|
|Fixed asset investments||1||1|
|Current assets||12,796,067|4,716,359|17,512,426|
|Creditors|due within one year|(5,835,461)|(4,994,671)|(10,830,132)|
|Creditors|due in more than one year|(226,020)|(2,129,682)|(2,355,702)|
|Provisions|for liabilities and charges|(214,918)||(214,918)|
|Total||12,394,242|234,976|12,629,218|
|Analysis|of net assets between funds - prior year||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020f|
|Tangible fixed assets||5,737,972|1,591,980|7,329,952|
|Fixed asset investments||35,001||35,001|
|Current assets||9,135,790|4,330,050|13,465,840|
|Creditors|due within one year|(5,525,205)|(4,597,431)|(10,122,635)|
|Creditors|due in more than one year|(777,373)|(1,150,958)|(1,928,331)|
|Provisions|for liabilities and charges|(110,000)||(110,000)|
|Total||8,496,185|173,641|8,669,826|





## 

## 

||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||6||
||Net income for the year (as per Statement||||ofFinancial Activities)||4,019,392|4,366,299|
||Adjustments<br>for:||||||||
||Depreciation<br>charges||||||702,127|839,164|
||Goodwill amortisation||||||(1,032,828)||
||Gains on investments||||||1,032,828||
||Dividends,<br>interests|and rents||from investments|||(14,188)|(20,769)|
||Loss on the sale offixed assets|||||||8,032|
||Decrease/(increase)|in stocks|||||(70,198)||
||Decrease/(increase)|in debtors|||||1,841,979|(2,013,095)|
||Increase<br>in creditors||||||1,209,032|663,353|
||Pension<br>fund resources expended||||||2,000|177,000|
||Donation<br>on merger|||||||(5,f04,065)|
||Net cash provided|by/(used||in) operating|activities||7,690,144|(1,084,081)|
|26.|Analysis ofcash and||cash equivalents||||||
||||||||Group|Group|
||||||||2021|2020|
||||||||6||
||Cash in hand||||||10,669,327|4,850,960|
||Total cash and cash||equivalents||||10,669,327|4,850,960|
|27.|Analysis ofchanges||in net debt||||||
|||||||At 1 April||At 31 March|
|||||||2020|Cash flows|2021|
|||||||8|6|6|
||Cash at bank and<br>in|hand||||4,850,960|5,818,367|10,669,327|
||Debt due within<br>1 year|||||(32,599)|857|(31,742)|
||Debt due after 1 year|||||(256,410)|30,390|(226,020)|
|||||||4,561,951|5,849,614|10,411,565|





## 

## 

||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2021<br>8|2020<br>f|2021<br>8|2020|
|Contracted|for but not provided|in these|||||
|financial statements|||||||
|Acquisition|ofsoftware and training|||132,046||'132,046|



## 

## 

|Principal<br>actuarial assumptions<br>at the Balance shee|t date (expressed as weighted averages)|:|
|---|---|---|
||At 31 INarch|At 31March|
||2021|2020|
||0/||
|Discount rate|2.10|2.30|
|Future salary increases|3.85|3.05|
|Future pension increases|2.60|1.80|
|CPI inflation|2.60|1.80|



||At 31 March|At 31March|
|---|---|---|
||2021|2020|
||Years|Years|
|Mortality rates (in years)|||
|-for a male aged 65 now|21.9|21.8|
|-at65fora male aged 45 now|22.6|22.5|
|-forafemale aged 65 now|24.7|24.6|
|-at 65for a female aged 45 now|25.8|25.7|





## 

## 

## 

## 

## 

|||||At 31 March|At 31March|
|---|---|---|---|---|---|
|||||2021<br>f|2020|
|Discount|rate +0,1%|||300,000|201,000|
|Discount|rate -0.1%|||320,000|215,000|
|Mortality|assumption|- 1 year increase||299,000|201,000|
|Mortality|assumption|- 1 year decrease||321,000|215,000|
|CPI rate +0.1%||||303,000|213,000|
|CPI rate -0.1%||||317,000|203,000|
|The Group's share of||the assets|in the scheme was:|||
|||||At 31 March|At 31March|
|||||2021|2020|
|||||E||
|Equities||||111,000|75,950|
|Gilts||||12,000|9,408|
|Corporate|bonds|||6,000|4,998|
|Property||||5,000|4,410|
|Cash and|other liquid|assets||3,000|1,862|
|Other||||2,000|2,372|
|Total fair value ofassets||||139,000|99,000|



||||2021<br>E|2020f|
|---|---|---|---|---|
|Current service cost|||13,000|13,000|
|Past service cost||||6,000|
|Interest income|||(2,000)|(3,000)|
|Interest cost|||5,000|7,000|
|Total amount recognised|in the Consolidated|statement offinancial|||
|activities|||16,000|23,000|





## 

## 

## 

## 

|Moveme|nts<br>in the present value ofthe defined<br>benefit oblig|ation were as follows:||
|---|---|---|---|
|||2021f|2020|
|Opening|defined benefit obligation|202,000|261,000|
|Contributions<br>by scheme participants||2,000|2,000|
|Current|service cost|13,000|13,000|
|Interest|cost|5,000|7,000|
|Past service costs|||6,000|
|Actuarial|(gains) / losses|82,000|(67,000)|
|Closing|defined benefit obligation|304,000|202,000|



|Movemen|ts<br>in the fair value ofthe Group's share ofscheme|assets were as follows:||
|---|---|---|---|
|||2021|2020|
|||6||
|Opening|fair value ofscheme assets|99,000|103,000|
|Expected|return<br>on assets|2,000|4,000|
|Contributions<br>by scheme participants||2,000|2,000|
|Contributions<br>by employer||14,000|7,000|
|Actuarial|gains / (losses)|22,000|(14,000)|
|Adjustment<br>to prior year by actuary|||(3,000)|
|Closing|fair value ofscheme assets|139,000|99,000|



## 

## 

|under non|-can|cellable<br>operating<br>leases as foll|ows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Company|Company|
||||2021|2020|2021|2020|
||||6|||6|
|Not later than||1 year|1,016,294|742,779|823,492|742,779|
|Later than|1 year and not later than 5years||2,385,225|1,942,862|1,941,147|1,942,862|
|Later than|5years||819,445|533,012|746,745|533,012|
||||4,220,964|3,216,653|3,511,384|3,218,653|





## 

## 

##