| Page | ||
|---|---|---|
| Trustees' report | ||
| Independent auditors' |
report on the financial statements | 7-10 |
| Statement offinancial | activities | |
| Balance sheet | 12 | |
| Statement ofcash flows | 13 | |
| Notes to the tinancial | statements | 14-26 |
| Status | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Organisation is a charitable company limited incorporated on 28June 1989and registered as Memorandum ofAssociation which sets out the |
by guarantee and not having a share capital, a charity. The Company was established by its objects and powers ofthe Charitable Company. |
||||||||||||
| Registered | Charity number | 702019 | |||||||||||
| Company | number | 2399075 | |||||||||||
| Company | Secretary | D Rogers | |||||||||||
| Trustees | J Cleminson | ||||||||||||
| TJohnson | |||||||||||||
| Dr F McConnell | (appointed 23 November | 2020) | |||||||||||
| C McGinley | |||||||||||||
| Pdincipal address | and registered office | Unit E, Pinewood | |||||||||||
| Bell Heath Way | |||||||||||||
| Woodgate Business | Park | ||||||||||||
| Birmingham | |||||||||||||
| B323BZ | |||||||||||||
| Auditors | Cooper Parry Group | Limited | |||||||||||
| Park View | |||||||||||||
| One Central Boulevard | |||||||||||||
| Blythe Valley Business Park | |||||||||||||
| Solihull | |||||||||||||
| B90BBG | |||||||||||||
| Bankers | Unity Trust Bank | ||||||||||||
| Four Brindleyplace | |||||||||||||
| Birmingham | |||||||||||||
| B1 2JB |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Note | 6 | 6 | |||
| Income from: | |||||
| Grants, donations and legacies |
201,469 | 159,286 | 360,755 | 192,176 | |
| Charitable activities |
414,727 | 414,727 | 603,075 | ||
| Investments | 19 | ||||
| Other income | 257 | 257 | 1,461 | ||
| Total income | 616,453 | 159,286 | 775,739 | 796,731 | |
| Expenditure on: |
|||||
| Charitable activities |
550,537 | 178,286 | 728,823 | 849,384 | |
| Total expenditure | 550,537 | 178,286 | 728,823 | 849,384 | |
| Net movement in funds |
65,916 | (19,000) | 46,916 | (52,653) | |
| Reconciliation offunds: |
|||||
| Total funds brought forward | 123,510 | 931,000 | 1,054,510 | 1,107,163 | |
| Net movement in funds |
65,916 | (19,000) | 46,916 | (52,653) | |
| Total funds carried forward | 189,426 | 912,000 | 1,101,426 | 1,054,510 |
| STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | |||
|---|---|---|---|---|
| FOR THE YEAR ENDED 31 MARCH 2021 | ||||
| 2021 | 2020 | |||
| 8 | ||||
| Cash flows from operating | activities | |||
| Net cash used in operating | activities | 144,443 | (7,665) | |
| Cash flows from Investing | activities | |||
| Dividends, interests and rents from investments |
19 | |||
| Purchase oftangible fixed assets | (4,059) | |||
| Net cash provided by/(used in) investing |
activities | (4,040) | ||
| Cash flows from financing | activities | |||
| Net cash provided by financing activities |
||||
| Change in cash end cash |
equivalents in |
the year | 144,443 | (11,705) |
| Cash and cash equivalents | at the beginning | ofthe year | 39,835 | 51,540 |
| Cash and cash equivalents | at the end of | the year | 184,278 | 39,835 |
| The notes on pages 14to 26 form part ofthese financial statements |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| 6 | 6 | F | ||||
| Grants | 67,071 | 159,286 | 226,357 | 192,176 | ||
| Coronavirus | job retention | scheme | 134,398 | 134,398 | ||
| 201,469 | 159,286 | 360,755 | 192,176 | |||
| Total2020 | 192,176 | 192,176 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| 6 | 8 | 6 | ||
| Income from charitable | activities | 414,727 | 414,727 | 603,075 |
| Total 2020 | 603,075 | 603,075 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 6 |
2021f | 2020 6 |
|
| Interest receivable | 19 | ||
| Total 2020 | 19 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total | Total | ||
| directly | funds | funds | ||
| 2021f | 2021f | 2020 | ||
| Wages and | salaries | 596,637 | 596,637 | 730,330 |
| Governance | costs | 7,661 | 7,661 | 10,106 |
| Other direct | costs | 104,097 | 104,097 | 88,881 |
| Depreciation | 20,428 | 20,428 | 20,067 | |
| 728,823 | 728,823 | 849,384 | ||
| Total 2020 | 849,384 | 849,384 |
| Auditors' remuneration |
|||||||
|---|---|---|---|---|---|---|---|
| 2021f | 2020f | ||||||
| Fees payable to the Charitable Charitable Company's annual |
Company's accounts |
auditor | for the audit of the | 6,672 | 9,152 | ||
| Fees payable to the Charitable | Company's | auditor | in respect of: | ||||
| All non-audit services not included |
above | 1,080 | |||||
| Staffcosts | |||||||
| 2021f | 2020f | ||||||
| Wages and salaries | 557,155 | 689,697 | |||||
| Social security costs | 31,491 | 31,365 | |||||
| Contribution to defined |
contribution | pension | schemes | 7,991 | 9,267 | ||
| 596,637 | 730,329 |
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Operational | 71 | 75 |
| Freehold | Fixtures and | Office | |||
|---|---|---|---|---|---|
| property f |
fittmgs 6 |
eqmpment f |
Total | ||
| Cost or valuation | |||||
| At 1 April 2020 | 950,000 | 133,689 | 4,059 | 1,087,748 | |
| Disposals | (132,039) | (132,039) | |||
| At 31 March 2021 | 950,000 | 1,650 | 4,059 | 955,709 | |
| Depreciation | |||||
| At 1 April 2020 | 19,000 | 132,587 | 654 | 152,241 | |
| Charge for the year | 19,000 | 413 | 1,017 | 20,430 | |
| On dispcsals | (132,039) | (132,039) | |||
| At 31 March 2021 | 38,000 | 961 | 1,671 | 40,632 | |
| Net book value | |||||
| At 31 March 2021 | 912,000 | 689 | 2,388 | 915,077 | |
| At 31 March 2020 | 931,000 | 1,102 | 3,404 | 935,506 | |
| 11. | Debtors | ||||
| 2021 | 2020 | ||||
| 8 | |||||
| Due within one year | |||||
| Trade debtors | 111,197 | 105,429 | |||
| Other debtors | 481 | ||||
| Prepaymants and accrued income |
30,543 | 19,197 | |||
| 142,221 | 124,626 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 8 | E | |||
| Trade creditors | 40,572 | 2,362 | ||
| Other taxation | and social security | 10,238 | 11,159 | |
| Accruals and deferred | income | 89,340 | 31,936 | |
| 140,150 | 45,457 |
| Statement offunds -current year |
||||
|---|---|---|---|---|
| Balance at | ||||
| Balance at 1 | 31 INarch | |||
| April 2020 6 |
Income 6 |
Expenditure f |
2021 | |
| Unrestricted funds |
||||
| General Funds | 123,510 | 616,453 | (550,537) | 189,426 |
| Restricted funds | ||||
| Freehold property- cost | 280,729 | (19,000) | 261,729 | |
| Freehold property - revaluation |
650,271 | 650,271 | ||
| Greswolds Park Road |
87,608 | (87,608) | ||
| Silver Birch Road | 71,678 | (71.678) | ||
| 931,000 | 159,286 | (178,286) | 9'l2,000 | |
| Total offunds | 1,054,510 | 775,739 | (728,823) | 1,101,426 |
| Statement | offunds - prior year | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | 31March | ||||
| 1 April 2919 6 |
Income f |
Expenditure 6 |
2020 6 |
||
| Unrestricted | funds | ||||
| Unrestricted | funds | 157,161 | 604,555 | (638,206) | 123,510 |
| Restricted | funds | ||||
| Day Centre | 32,890 | (32,890) | |||
| Greswolde | Park Road | 87,608 | (87,608) | ||
| Silver Birch | Road | 71,679 | (71,679) | ||
| Freehold property -cost |
299,729 | (19,000) | 280,729 | ||
| Freehold property - revaluation | 650,271 | 650,271 | |||
| 950,000 | 192,177 | (211,177) | 931,000 | ||
| Total offunds | 1,107,161 | 796,732 | (849,383) | 1,054,510 |
| Analysis ofn | et ass | ets | betwe | en f | unds | - c | una | nt | year | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||||||||
| funds | funds | funds | |||||||||||
| 2021 | 2021 | 2021 | |||||||||||
| 6 | 6 | 6 | |||||||||||
| Tangible fixed | assets | 3,077 | 912,000 | 915,077 | |||||||||
| Current assets | 326,499 | 326,499 | |||||||||||
| Creditors due within | one year | (140,150) | (140,150) | ||||||||||
| Total | 189,426 | 912,000 | 1,101,426 | ||||||||||
| Analysis ofnet assets | between funds | - prior year | |||||||||||
| Unrestricted | Restricted | Total | |||||||||||
| funds | funds | funds | |||||||||||
| 2020 | 2020 | 2020 | |||||||||||
| 2 | 6 | 6 | |||||||||||
| Tangible fixed | assets | 4,506 | 931,000 | 935,506 | |||||||||
| Current assets | 164,461 | 164,461 | |||||||||||
| Creditors due | within | one year | (45,457) | (45,457) | |||||||||
| Total | 123,510 | 931,000 | 1,054,510 | ||||||||||
| Reconciliation ofnet movement | in funds | to | net | cash flow | from operating | activities | |||||||
| 2021 | 2020 | ||||||||||||
| E | |||||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of | Financial | |||||
| Activities) | 46,916 | (52,653) | |||||||||||
| Adjustments | for: | ||||||||||||
| Depreciation charges |
20,430 | 20,067 | |||||||||||
| Dividends, interests |
and | rents | from investments | (19) | |||||||||
| Decrease/(increase) | in debtors | (17,595) | 21,402 | ||||||||||
| Increase in creditors | 94,692 | 3,538 | |||||||||||
| Net cash provided | by/(used | in) operating | activities | 144,443 | (7,665) |