| Page | ||||
|---|---|---|---|---|
| Refcrcncc and Administrative Details |
||||
| Report ofthe Trustees | 2 | to | 6 | |
| Report ofthe Independent Auditors |
7 | to | 9 | |
| Statement ofFinancial | Activities | IO | ||
| Balance Sheet | ||||
| Cash Flow Statement | 12 | |||
| Notes to thc Cash Flow Statement | 13 | |||
| Notes to the Financial | Statcmcnts | 14 | to | 22 |
| FOR | THE YEAR | ENDED 31MAR | CH 2021 | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | 5 | f. | ||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
2 | 936,747 | 451&797 | 1~8)544 | 1,332,935 | |
| Other trading activities Investment mcome |
3 4 |
1,677 ~2073 |
1,677 ~2073 |
2400 ~190I |
||
| Total | 940,497 | 451,797 | 1492494 | 1,337,036 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Charitable activities |
828309 | 416,000 | 1~4309 | 1,233,405 | ||
| NET INCOME | 112,188 | 35,797 | 147,985 | 103,631 | ||
| Traasfers between funds |
16 | ~26 452 | ~26 52 |
|||
| Net movement ia funds | 138,640 | 9445 | 147,985 | 103,631 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward | 480,815 | 35rt01 | 516416 | 412,585 | ||
| TOTAL FUNDS CARRIED FORWARD | ~619455 | ~44 746 | ~664 01 | ~516216 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fimds | funds | fimds | ||
| Notes | f | ||||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 2„tt85 | 2 tr85 | 6,975 | |
| CURRENT ASSETS | |||||
| Debtors | 13 | 25482 | 25482 | 17,144 | |
| Cash at bank and in hand | 66((886666 | ~44 746 | ~713612 | ~587 110 | |
| 694,448 | 44,746 | 739,194 | 604454 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
14 | (77tt78) | (77,978) | (95,013) | |
| NKT CURRENT ASSETS | ~616470 | ~44 746 | ~661 216 | ~509 241 | |
| TOTAL ASSETSLESSCURRENT | LIABILITIES | 619,455 | 44&746 | 664401 | 516416 |
| NET ASSETS | ~619455 | ~44 746 | ~664 01 | ~516 16 |
|
| FUNDS | 16 | ||||
| Unrestricted fimds |
619,455 | 480,815 | |||
| Restricted funds | ~44 746 | ~35401 | |||
| TOTAL FUNDS | ~664 01 | ~516 216 |
| CASH FLOW STATEMENT | ||||||
|---|---|---|---|---|---|---|
| FORTHE YEAR ENDED 31MARCH | 2021 | |||||
| Notes | 2021 8 |
2020f | ||||
| Cash flows from operatiag | activities | |||||
| Cash generated fiom operations |
~124429 | ~120854 | ||||
| Net cash provided by operating | activities | ~124429 | ~120854 | |||
| Cash flows from iavestlng | activities | |||||
| Interest receival | ~2073 | 1 901 | ||||
| Net cash provided by investing | activities | ~2073 | 1 901 | |||
| Change la cash and cash equivalents | in | the | ||||
| reportiag period Cash aad cash eqnlvaleats |
at | the beginning of | 126,502 | 122,755 | ||
| the reporting period |
~587110 | 355 | ||||
| Cash and cash equivaleats | at | the end | of | the | ||
| reporting period |
~713612 | 7 110 |
| NOTES TO THE CASH FLOW STATEMENT FORTHE YEAR ENDED 31MARCH 2021 |
NOTES TO THE CASH FLOW STATEMENT FORTHE YEAR ENDED 31MARCH 2021 |
NOTES TO THE CASH FLOW STATEMENT FORTHE YEAR ENDED 31MARCH 2021 |
|||
|---|---|---|---|---|---|
| RECONCILIATION | OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | ||||
| 2021 | 2020 | ||||
| 8 | f. | ||||
| Net Income for tbe | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 147,985 | 103,631 | |||
| Adjustments for: |
|||||
| Depreciation charges |
3rt90 | 3,990 | |||
| Interest received (Increase)/decrease (Decrmse)/increase |
in in |
debtors creditors |
(2&073) (8,438) ~17035 |
(1,901) 9,326 ~5808 |
|
| Net cash provided | by | operations | ~124429 | ~120 854 |
| At 1.4.20 | Cash flow | At31.321 | |
|---|---|---|---|
| f, | |||
| Net cash | |||
| Cash at bank and in hand | ~587110 | ~126502 | ~713612 |
| ~587110 | ~126502 | ~713612 | |
| Total | ~587110 | ~126 502 | ~713612 |
| DONATIONS AND LEGA |
CIES | ||||
|---|---|---|---|---|---|
| 2021f | 2020f | ||||
| Donations Grants |
2,423 ~186121 |
245 ~1332690 |
|||
| ~188 544 | ~1332935 | ||||
| Grants receivetk inoluded in |
the above, are as follows: | ||||
| 2021 | 2020 | ||||
| Money Advice and Pension | Service | 277,887 | 271,123 | ||
| Housing Project - The Booths Charities Department ofWorks and Pension The City ofSalford |
15,000 565,726 |
15,000 1,877 565,726 |
|||
| Cornerstone | 5,000 | 5,000 | |||
| Loaves and Fishes | 8333 | 8,333 | |||
| Salford Foodshare Network | 8,310 | 14,862 | |||
| Citizens Advice - Broadband | 1,250 | ||||
| Community Fund l(Big Lottery) - Help Thmugh |
Crisis | 85436 | 105,687 | ||
| Cohersive Control - The Booths Charities | 15,000 | 15,000 | |||
| The Edward Holt Trust - Advice and Development | Worker | 33490 | 59,480 | ||
| Citizens Advice - Universal | Support Help To Claim | 273,880 | 265,352 | ||
| Binoh ofManchester | 5,000 | 2,500 | |||
| CVS Covid-19 | 500 | 500 | |||
| Salford CVSVocal | 900 | ||||
| Seams Action | 100 | ||||
| National CAB BEISsotlphones |
13,000 | ||||
| National CAB BEISremote |
working | 4,640 | |||
| Co-op Foundation | 1)200 | ||||
| Citizens Advice Innovation | grant - BEIS | 25,000 | |||
| The City ofSalford covid-19 | 25,000 | ||||
| HMRC JRS gmnt Community Fund Employ)neat |
3,060 ~20659 |
||||
| I 86121 | I 332 690 |
| FORTHE YEAR ENDED | FORTHE YEAR ENDED | 31MARCH 2021 |
||||
|---|---|---|---|---|---|---|
| OTHER TRADING ACTIVITIES | ||||||
| 2021 | 2020 | |||||
| Training and room |
hire | ~1677 | ~200 | |||
| 4. | INVESTMENT INCOME | |||||
| 2021 | 2020 | |||||
| Deposit account interest | ~2073 | ~1901 | ||||
| 5. | CHARITABLE ACTIVITIES COSTS | |||||
| Direct | Support | |||||
| Costs (sec | costs (see | |||||
| note 6) | note 7) | Totals | ||||
| Charitable activities |
~17009 | f, ~700 |
f, ~14 09 |
|||
| DIRECT COSTS | OFCHARITABLE ACTIVITIES | |||||
| 2021f | 2020 | |||||
| Staffcosts | 995400 | 1,026,742 | ||||
| Rent and rates | 30,005 | 31370 | ||||
| Insurance | 6485 | 5,952 | ||||
| Light and heat | 2,311 | 5,542 | ||||
| Telephone | 16,448 | 10rr51 | ||||
| Postage and stationery | 8,023 | 16,623 | ||||
| Advertising | 3,283 | 1,535 | ||||
| Sundries | 17,663 | 20,909 | ||||
| Repairs and renewals | 55g14 | 24,710 | ||||
| Training and information |
27,161 | 22,204 | ||||
| Service Delivery | 45&000 | 45,000 | ||||
| Travel | 1)253 | 9,408 | ||||
| Legal, professional | and compensation | 4,738 | 1,464 | |||
| Bank charges | 290 | 305 | ||||
| Covid-19 costs | 12,134 | |||||
| Grant for food | I)000 | |||||
| Monitoring and evaluation Depreciation |
6,211 ~3990 |
~3990 | ||||
| I | 7009 | ~1226705 | ||||
| 7, | SUPPORT COSTS | |||||
| Governance | ||||||
| f | ||||||
| Charitable activities |
~700 |
| Support | costs, included | in t | he a | bove, | are as follows: | ||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Charitable | Total | ||||||
| actlvlnes | activities | ||||||
| Auditors' | remuneration | 3,425 | 3425 | ||||
| Auditors' | remuneration | for | non | audit | work | ~3875 | ~375 |
| 7 00 |
~6700 |
| Net income/(expenditure) | Net income/(expenditure) | is stated ager charging/(crediting); | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| f. | ||||
| Auditors' | remuneration | 3,425 | 3,325 | |
| Auditors' | remuneration | for non audit work | 3,875 | 3,375 |
| Depreciation - owned assets | ~3990 | ~3990 |
| STAFFCOSTS | |||||
|---|---|---|---|---|---|
| 2021 0 |
2020I | ||||
| Wages and salaries | 876,731 | 905,233 | |||
| Social security costs Other pension costs |
71rt34 ~46 35 |
73,418 48 091 |
|||
| 995 00 | ~1026742 | ||||
| Four key personnel | received total emoluments | off.173,830. | |||
| The average monthly | number ofemployees | during the year was as follows: | |||
| 2021 | 2020 | ||||
| Direct charitable work |
32 | 31 | |||
| Charitable work and |
administration | 6 | 9 | ||
| Administration | I | 1 | |||
| 39 | 41 |
| NOTES TO THE FINANCIAL STATEMENTS -continued FORTHE YEAR ENDED 31MARCH 2021 |
NOTES TO THE FINANCIAL STATEMENTS -continued FORTHE YEAR ENDED 31MARCH 2021 |
NOTES TO THE FINANCIAL STATEMENTS -continued FORTHE YEAR ENDED 31MARCH 2021 |
NOTES TO THE FINANCIAL STATEMENTS -continued FORTHE YEAR ENDED 31MARCH 2021 |
||||
|---|---|---|---|---|---|---|---|
| 11. | COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 6 | f. | ||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
864,083 | 468,852 | 1,332,935 | ||||
| Other trading activities Investment income |
2300 I 901 |
2,200 ~1901 |
|||||
| Total | 868,184 | 468,852 | 1,337,036 | ||||
| EXPENDITURE ON | |||||||
| Charitable activltles |
|||||||
| Charitable activities |
819,690 | 413,715 | 1,233,405 | ||||
| NET INCOME | 48,494 | 55,137 | 103,631 | ||||
| Transfers between |
funds | 27 638 | ~27638 | ||||
| Net movement in funds |
76,132 | 27,499 | 103,631 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 404,684 | 7,901 | 412,585 | |||
| TOTAL FUNDS CARRIED FORWARD | 480 816 | ~35400 | ~516 16 | ||||
| 12. | TANGIBLE FIXEDASSETS | ||||||
| Short | |||||||
| leasehold | |||||||
| COST | |||||||
| At I April 2020 and | 31 | March 2021 | ~129171 | ||||
| DEPRECIATION | |||||||
| At I April 2020 | 122,196 | ||||||
| Charge for year | ~3990 | ||||||
| At 31March 2021 | ~126186 | ||||||
| NET BOOK VALUE | |||||||
| At 31 March 2021 | ~2985 | ||||||
| At 31March 2020 | 6975 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| VAT | 3,693 | ||||||
| Prepayments and accrued |
income | ~21 9 |
17 144 | ||||
| ~25 82 |
~17 144 | ||||||
| CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | ||||||
| 2021 | 2020 | ||||||
| f | |||||||
| Tmde creditors | 5,159 | 828 | |||||
| Social security and other taxes | 21,620 | 18,985 | |||||
| VAT | 24,613 | ||||||
| Other creditors | 4413 | 16,113 | |||||
| Accrued expenses | ~46686 | ~34474 | |||||
| ~77 978 | ~95 013 | ||||||
| Other creditors includes f720 ofdeferred income (2020 - | f7,500).This relates to grants for periods after 31March 2021 | ||||||
| received prior to 31March 2021. | |||||||
| LEASING AGREEMENTS | |||||||
| Minimum lease payments |
under non-csncegable | operating | leases faU due as follows: | ||||
| 2021 | 2020 | ||||||
| f | f. | ||||||
| Between one and five years | ~63 112 | ~30 625 | |||||
| MOVEMENT IN FUNDS | |||||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.4.20 | in fimds | funds | 31.3.21 | ||||
| f | f | ||||||
| Unrestricted funds |
|||||||
| General fund | 480,815 | 112,18S | 26,452 | 619,455 | |||
| Restricted funds | |||||||
| Housing Project - The Booths Charities (a) | 883 | 883 | |||||
| Loaves and Fishes (b) | 599 | 1448 | 1,847 | ||||
| Help Through Crisis (c) | 3,526 | 71482 | (1,010) | 9J98 | |||
| Cohersive Control —The Booths Charities (e) |
106 | (384) | 278 | ||||
| The Edward Holt Trust - Advice and | |||||||
| Development Worker (fl Citizens Advice - Help To Claim (g) Community Employment Fund (h) |
30,425 745 |
1493 24rt79 ~4 |
(25,724) 4 |
32,018 | |||
| ~35401 | ~35797 | 26452 | ~44 746 | ||||
| TOTAL FUNDS | ~516 | 16 | ~147 985 | ~664 01 |
| Incoming | Resources | Resources | Movement | |||
|---|---|---|---|---|---|---|
| reconfees f |
c&speeded | in funds | ||||
| Unrestricted funds |
||||||
| General fund | 940&497 | (828,309) | 112,188 | |||
| Restricted funds | ||||||
| Housing Project - The Booths Charities (a) | 15,000 | (14&117) | 883 | |||
| Loaves and Fishes (b) | 8433 | (7,085) | 1448 | |||
| Help Through Crisis (c) |
85,535 | (78,053) | 7&482 | |||
| Cohersive Control - The |
Booths Charities (e) | 15&000 | (15384) | (384) | ||
| The Edward Holt Trust - | Advice and | |||||
| Development Worker (f) Citizens Advice - Help ToClaim (g) Community Employmeut Fund (h) |
33&390 273,881 ~20658 |
(31,797) (248,902) ~20 662) |
1493 24J79 ~4) |
|||
| ~451797 | 416000 | ~35797 | ||||
| TOTAL FUNDS | ~192 94 | I | 4 09 | ~147 85 | ||
| Conlparatives for movement in funds |
||||||
| Net | Transfers | |||||
| nlovcnlcnt | between | At | ||||
| At 1.4.19 | in funds | funds | 31.3.20 | |||
| f | f | f. | ||||
| Unrestricted funds |
||||||
| General fimd | 404,684 | 48,493 | 27,638 | 480,815 | ||
| Restricted funds | ||||||
| Housing Project - The Booths Charities (a) | 96 | (115) | 19 | |||
| Loaves and Fishes (b) | 48 | 551 | 599 | |||
| Help Through Crisis (c) |
5,709 | (983) | (1,200) | 3,526 | ||
| Awards For All (d) | 86 | (129) | 43 | |||
| Cohersive Control - The Booths Charities (e) | 106 | 106 | ||||
| The Edward Holt Trust - | Advice and | |||||
| Development Worker (f) |
1,436 | 28,989 | 30,425 | |||
| Citizens Advice —Help To Claim (g) |
526 | ~26 719 | 26 500 | 745 | ||
| 7 901 | 55,138 | 27638 | ~35401 | |||
| TOTAL FUNDS | 412585 | ~103631 | ~516216 |
| Incoming | Resources | Resources | Movement | |
|---|---|---|---|---|
| resources f |
expended | in funds f. |
||
| Unrestricted funds |
||||
| General fund | 868,184 | (819,691) | 48,493 | |
| Restricted funds |
||||
| Housing Project - The Booths Charities (a) | 15,000 | (15,115) | (115) | |
| Loaves and Fishes (b) | 8334 | (7,783) | 551 | |
| Help Tbmugh Crisis (c) |
105,686 | (106,669) | (983) | |
| Awards For All (d) | (129) | (129) | ||
| Cohersive Control - The Booths Charities (e) | 15,000 | (14,894) | 106 | |
| The Edward Holt Trust - Advice and | ||||
| Development Worker (I) Citizens Advice - Help To Claim (g) |
59,480 265 352 |
(30,491) ~238,633) |
28,989 ~26 719 |
|
| ~468 852 | 413714 | ~55 138 | ||
| TOTAL FUNDS | ~1337036 | I | 33405 | ~103631 |
| Analysis offunds:- |