2020-03-31-accounts - The Five Lamps Organisation

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		Page
Reference and Administrative Details ofthe Company,	its Trustees and Advisers
Trustees' Report		2-12
Trustees' Responsibilities Statement		13
Independent Auditors' Report on the Financial Statementa		14- 16
Consolidated Statement ofFinancial Activities		17
Consolidated Balance Sheet		18
Company Balance Sheet		19
Consolidated Statement ofCash Flows		20
Notes to the Financial Statements		21 - 50

most disadvantaged communities.	most disadvantaged communities.
Delivered Through:-
	Trusted Brand
	Quality Assured Services
	Making People Matter
	Superior Contract Performance
~	Measured Social Impact
	Social Investment
	Skilled & Motivated Workforce
	Expanding Geographic Reach
	Revenue Generated via Stronger Balance Sheet
Making	People Matter
	Treating people with respect
	Releasing potential
	Keeping confidentiality
	Enabling and empowering people to help themselves
	Challenging self-perceptions and encouraging		self-worth
Performance Matters
	Strength ofperformance wins contracts
	Taking personal accountability within delegated		authority
	Maintaining high standards, skills, credibility	and ethics
	Demonstrating personal, individual and team	commitment				to corporate goals
	Respecting and promoting a positive corporate		culture
	Everyone contributes to the 'bottom line'
	We are all Five Lamps ambassadors
Quality	Matters
	Assuring quality and achieving contemporary	quality standards
	Pursuing and achieving continuous service improvement
	Investing in our people, our systems and our	buildings
	Marketing and promoting our products and services effectively
Making	Communities Matter
	Understanding communities and their needs
	Enabling access to services via a range of routeways				embracing		21st century technologies
	Including everyone and removing geographic	barriers
	Designing new services to meet identified need
	Regenerating communities —restoring the sense			of'place'
Measuring Impact Matters
	Producing regular Social Impact Reports
	Measuring customer and stakeholder experiences			and feedback
	Collecting social, performance and environmental			data across the full range of our business
	Publishing a range ofgood news stories and	case studies

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Note	2020f	2020	2020 6	2019
Income from:
Donations and legacies		112	1,925	2,037	2,744
Charitable activities		81	1,116,580	1,116,661	1,013,437
Other trading activities		1,697,416		1,697,416	845,148
Investments		5,700	19,000	24,700	24,400
Other income			59,043	59,043	266,186
Total income		1,703,309	1,196,548	2,899,857	2,151,915
Expenditure on:
Raising funds		273,854		273,854	155,243
Charitable activities	8	1,529,911	1,795,127	3,325,038	3,860,734
Exceptional expenses	9	68,619	91,763	160,382
Total expenditure		1,872,384	1,886,890	3,759,274	4,015,977
Net movement in funds		(169,075)	(690,342)	(859,417)	(1,864,062)
Reconciliation offunds:
Total funds brought forward		1,668,965	262,474	1,931,439	3,795,501
Net movement in funds		(169,075)	(690,342)	(859,417)	(1,864,062)
Total funds carried forward		1,499,890	(427,868)	1,072,022	1,931,439

			CONSOLIDATED	BALANCE SHEET
			AS AT 31	MARCH 2020
				2020		2019
			Note	6
Fixed assets
Tangible assets			13	724,858		768,527
Investments			15	4,786,311		4,277,236
Investment property			14	32,500		50,000
				5,543,669		5,095,755
Current assets
Debtors			16	188,667	267,056
Investments			17	80	80
Cash at bank and in hand				525,170	1,438,531
				713,917	1,705,567
Creditors: amounts	falling due within		one
year			16	(1,112,726)	(1,260,565)
Net current liabilities		/ assets		(398,809)		445,002
Total assets less current liabilities				5,144,860		5,540,757
Creditors: amounts	falling due after		more
than one year			19	(4,072,838)		(3,509,326)
Net assets excluding		pension asset		1,072,022		1,931,439
Total net assets				1,072,022		1,931,439
Charity funds
Restricted funds			20	(427,868)		252,474
Unrestricted funds			20	1,499,890		'/,668,965
Total funds				1,072,022		1,931,439

		FOR	TH	E YEAR ENDED 31 MARCH 202	0
					2020	2019
Cash flows from operating		activities
Net cash used in operating	activities				(859,417)	(1,488,106)
Cash flows from investing		activities
Purchase oftangible fixed assets						(50,473)
Net movement in loan book					(517,454)	617,903
Net cash (ussd in)/provided		by investing		activities	(517,454)	567,430
Cash flows from financing		activities
Cash inflows from new borrowing						3,085,139
Repayments of borrowings					463,510	(765,354)
Net cash provided by financing activities					463,510	2,319,785
Change in cash and cash		equivalents	in	the year	(913,361)	1,399,109
Cash and cash equivalents		at the beginning		ofthe year	1,438,531	39,422
Cash and cash equivalents		at the end of		the year	525,170	1,438,531
The notes on pages 21 to 50 form part ofthese financial statements

Freehold property		- 2% straight	line
Long-term leasehold	property	- Straight line	over term oflease or 2% straight
		line
Plant and machinery		- 25% straight	line
Motor vehicles		- 25% straight	line
Fixtures and fittings		- 25% straight	line
Office equipment		- 25% straight	line

					Unrestricted	Restricted	Total
					funds	funds	funds
					2020	2020	2020
					6	6	6
	Donations	and other voluntary		income	112	1,925	2,037
					Unrestricted	Restricted	Total
					funds	funds	funds
					2019	2019	2019
						5
	Donations	and other voluntary		income	144	2,500	2,744
5.	Income from charitable		activities
					Unrestricted	Restricted	Total
					funds	funds	funds
					2020	2020	2020
					6	6
	Health and	communities			81	893,799	893,880
	Finance and enterprise					109,960	109,960
	Young people					112,821	112,821
	Total 2020				81	1,116,580	1,116,661
					Unrestricted	Restricted	Total
					funds	funds	funds
					20'I9f	2019 5	2019 5
	Health and	communities			500	701,252	701,752
	Finance and enterprise					200,409	200,409
	Young people					111,276	111,275
	Total 2019				500	1,012,937	1,013,437

				Unrestricted	Restricted	Total
				funds	funds	funds
				2020 6	2020f	2020
	Garage rental income			5,700		5,700
	Cafe rental income				19,000	19,000
				5,700	19,000	24,700
				Unrestricted	Restricted	Total
				funds	funds	funds
				2019	2019	2019
	Garage rental income			5,400		5,400
	Cafe rental income				19,000	19,000
				5,400	19,000	24,400
7.	Other incoming	resources
					Restricted	Total
					funds	funds
					2020f	2020 6
	Interest generated	by programme	related investment	(loan debtor book)	59,043	59,043
					Restricted	Total
					funds	funds
					2019	2019
						6
	Interest generated	by programme	related investment	(loan debtor book)	266,186	266,186

				Unrestricted	Restricted	Total
				funds	funds	funds
				2020f	2020	2020 8
	Management	and administration		1,486,242		1,486,242
	Health and communities				860,044	860,044
	Finance and	enterprise			770,898	770,898
	Young people				164,185	164,185
	Depreciation	re properties		43,669		43,669
				1,529,911	1,795,127	3,325,038
				Unrestricted	Restricted	Total
				funds	funds	funds
				2019 5	2019 E	2019f
	Management	and administration		1,373,330		1,373,330
	Health and communities			15,482	731,890	747,372
	Employability	and learning			5,502	5,502
	Finance and enterprise				1,524,884	1,524,884
	Young people				'170,541	170,541
	Depreciation	re properties		39,105		39,105
				1,427,917	2,432,817	3,860,734
9.	Exceptional	items
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2020f	2020 8	2020 8	2019f
	Additional bad debt provision		68,619	91,763	160,382

			Activities
			undertaken	Support	Total
			directly	costs	funds
			2020	2020	2020
			6	6	6
Management		and administration	987,230	499,012	1,486,242
Health	and communities		860,044		860,044
Finance and		enterprises	770,698		770,898
Young	people		164,185		164,185
Depreciation		re properties	43,669		43,669
			2,826,026	499,012	3,325,038
			Actnrgies
			undertaken	Support	Total
			directly	costs	funds
			20'I9f	2019	2019 8
Management		and administration	889,984	483,346	1,373,330
Health	and communities		747,372		747,372
Employability		and learning	5,502		5,502
Finance and		enterprises	1,524,884		1,524,884
Young	people		170,541		170,541
Depreciation		re properties	39,105		39,105
			3,377,388	483,346	3,860,734

		Mgmt and		Employabili		Young
		admin	Health	ty	Finance	people
		2020 6	2020f	2020 6	2020 6	2020f
Staff costs		1,127	788,476		651,206	107,562
Premises costs		9,854	10,556		3,941	12,785
General office costs		52,509	17,501		1,824	15,556
Trading company expenses		633,682
Bad and doubtful debts						10,603
Finance income and expenses		280,871
Bad debts write off					(3,528)
Publicity and advertising			1,862		32	895
Training and activities			10,721		400	9,414
Activities costs			5,596			7,059
Cafe and vending costs			194
Subscriptions/affiliations		8,143
Motor expenses		1,044
Mobile phones			12,344		450	311
Other costs			878		114,573
Consultancy/facilitators	fees		11,916		2,000
		987,230	860,044		770,898	164,185

Analysis ofdirect cost	s (continued)
			Total
		Dep'n	funds
		2020	2020
		6	6
Staff costs			1,548,371
Premises costs			37,136
General office costs			87,390
Trading company expenses			633,682
Bad debts write off			10,603
Finance income and expenses			280,871
Bad debts write off			(3,528)
Publicity and advertising			2,789
Depreciation		43,669	43,669
Training and activities			20,535
Activities costs			12,655
Cafe and vending costs			194
Subscriptions/afiliations			8,143
Motor expenses			1,044
Mobile phones			13,105
Other costs			115,451
Consultancy/facilitators	fees		13,916
		43,669	2,826,026

Analysis ofdirect cost	s	(co	ntinu	ed)
				Mgmtand					Young
				admin	Health	Employability		Finance	peop/e
				2019f	2019 f	20'I	9 f	2019f	2019f
Staff costs					S69,197	5,364		697,26S	98,965
Premises costs				11,324	15,391	(234)		7,049	31,099
General office costs				34,709	15,129	225		124,980	15,902
Trading company expenses				560,812
Grants payable to individuals			to
assist with individuals									12,308
Finance income and expenses				264,111
Bad and doubfful debts								552,040
Publicity and advertising					887			633	2,061
Training and accreditation		costs			9,998				5,280
Activities costs					5,093				4,051
Cafe and vending costs					119
Subscriptions/affiliations				12,594	2,881			1,306	302
Motor expenses				2,437
Mobile phones				3,997	10,918	34		'I,889	386
Other costs					289			135,408	187
Consultancy/facilitators	fees				17,470	113		4,313
				889,984	747,372	5,502		1,524,884	170,541

Analysis ofdirec	t cos	ts (	continued)
					Total
				Dep'n	funds
				2019	2019
Staff costs					1,470,792
Premises costs					64,629
General office costs					190,945
Trading company	expenses				560,812
Grant payable to	individuals		to assist with employment		12,308
Finance income and expenses					264,111
Bad and doubtful	debts				552,040
Publicity and advertising					3,581
Depreciation				39,105	39,105
Training and accreditation			costs		15,278
Activities costs					9,144
Cafe/vending costs					119
Subscriptions/affiliations					17,083
Motor expenses					2,437
Mobile phones					17,224
Other costs					135,884
Consultancy/facilitators		fees			21,896
				39,105	3,377,388
Analysis ofsupport costs
				Mgmt and	Total
				admin	funds
				2020	2020
				6	6
Staff costs				421,878	421,878
Publicity and advertising				1,592	1,592
Bank charges re	loan funds			8,234	8,234
Professional fees				65,640	65,640
Others				1,668	1,668
				499,012	499,012

					Mgmtand	Total
					admin	funds
					2019	2019
					Z
	Staff Costs				433,953	433,953
	Premises	costs			3,089	3,089
	General	costs			4,154	4,154
	Publicity	and	advertising		4,141	4,141
	Bank charges				9,218	9,218
	Professional		fees		25,632	25,632
	Others				3,159	3,159
					483,346	483,346
11.	Auditors'	remuneration
					2020	2019
					5
	Fees payable		to the Company's	auditor for the audit ofthe Company's
	annual accounts				15,000	14,160

		Group	Group
		2020	2019
		No.	No.
Direct charitable	work	80	73
Administration		48	49
		128	122

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	Freehold
	investment
	property
	5
Valuation
At 1 April 2019	50,000
Surplus on revaluation	(17,500)
At 31 March 2020	32,500
Company

		Unlisted	Unlisted
Group	Loan book f	investments	f	Totalf
Cost or valuation
At 1 April 2019	4,987,624	14,000		5,001,624
Additions	5,357,582			5,357,582
Disposals	(4,542,673)			(4,542,673)
At 31 March 2020	5,802,533	14,000		5,816,533
Impairment
At 1 April 2019	724,385			724,385
Charge for the year	305,837			305,837
At 31 March 2020	1,030,222			1,030,222
Net book value
At 31 March 2020	4,772,311	14,000		4,786,311
At 31March 2019	4,263,239	14,000		4,277,239

	Investments
	iii
	subsidiary
Company	companies	Loan bookf	Total F
Cost orvaluation
At 1 April 2019	850,002	2,787,786	3,637,788
Disposals		(373,934)	(373,934)
At 31 March 2020	850,002	2,413,852	3,263,854
Impairment
At 1 April 2019		416,384	416,384
Charge for the year		79,694	79,694
At 31 March 2020		496,078	496,078
Net book value
At 31March 2020	850,002	1,917,774	2,767,776
At 31March 2019	850,002	2,371,402	3,221,404

	The financial	results ofthe subsidiary	results ofthe subsidiary	for the year were:
	Name			Incomef Expendituref Profitl(Loss) ISurplus/			Net assets
					(Deficit) for
						the yearf
	Five Lamps Trading		Limited	1,697,416	2,006,510	(369,094)	57,936
16.	Debtors
				Group	Group	Company	Company
				2020f	2019f	2020	2019f
	Due within one year
	Trade debtors			64,332	35,S59	64,330	35,559
	Other debtors			5,693	8,118	5,695	8,118
	Prepayments	and accrued income		80,973	115,449	78,077	114,774
	Grants receivable			37,669	107,830	37,669	107,830
				188,667	257,055	185,771	255,381
17.	Current asset investments
				Group	Group	Company	Company
				2020f	2019 f	2020 f	2019 f
	Listed investments			80	80	80	80
	Group listed investments

			Group	Group	Company	Company
			2020f	2019 f	2020	2019 f
Bank overdrafts			375,149	50f,277	375,149	501,277
Trade creditors			122,350	196,032	90,894	172,459
Amounts owed	to group undertakings		1		939,333	348,861
Other taxation	and social security		28,151	32,869	19,472	23,414
Other creditors			438,582	404,316	411,819	391,337
Accruals and deferred		income	148,493	'l26,17f	80,046	60,860
			1,112,726	1,260,665	1,916,713	1,496,226

	Group	Group	Company	Company
	2020f	2019	2020f	2019f
Bank loans		524,189		524,189
Otherloans	4,072,838	3,085,139
	4,072,838	3,609,328		524,189

Statement offunds	- current year
					Balance at
		Balance at 1			31 March
		April 2019f	Income	Expenditure	2020
Unrestricted funds
Designated funds
Youth empowerment	scheme	556,293			556,293
Growth fund		1,108,536			1,108,536
		1,664,829			1,664,829
General funds
General Funds - all	funds	4,136	1,703,309	(1,872,384)	(164,939)
Total Unrestricted	funds	1,668,965	1,703,309	(1,872,384)	1,499,890
Restricted funds
Health and communities		21,773	893,799	(858,371)	57,201
Employability and training		(361,676)			(361,676)
Finance and enterprise		648,551	189,928	(865,572)	(27,093)
Young people		(46,174)	112,821	(162,947)	(96,300)
		262,474	1,196,548	(1,886,890)	(427,868)
Total offunds		1,931,439	2,899,857	(3,759,274)	1,072,022

Statement offunds	- prior year
					Balance at
		Be/ance at			31March
		'I April 2018f	Income f	Expenditure	2019 f
Unrestricted funds
Designated funds
Youth empowerment	scheme	556,293			556,293
Growth fund		1,108,536			1,108,536
		1,664,829			1,664,829
General funds
General -funds - all	funds	717,102	870,192	('I,583,158)	4,136
Total Unrestricted	funds	2,381,931	870,192	(1,583,158)	1,S68,965
Restricted funds
Health and communities		12,152	741,513	(731,892)	21,773
Employability and Learning		(356,1T4)		(5,502)	(361,676)
Finance and enterprise		1,744,501	428,934	(1,524,884)	648,551
Young people		13,090	111,276	(170,540)	(46,174)
		1,413,569	1,281,723	(2,432,818)	262,474
Total offunds		3,795,500	2,151,915	(4,015,976)	1,931,439

Summary		offunds - current year
						Balance at
			Balance at 1			31 March
			April 2019f	Income f	Expenditure 6	2020f
Designated		funds	1,664,829			1,664,829
General funds			4,136	1,703,309	(1,872,384)	(164,939)
Restricted		funds	262,474	1,196,548	(1,886,890)	(427,868)
			1,931,439	2,899,857	(3,759,274)	1,072,022
Summary		offunds - prior year
						Balance at
			Balance at			31March
			1April 2018	Income f	Expenditure	2019 f
Designated		funds	1,554,829			1,554,829
General funds			717,102	870,192	(1,583, 'l58)	4, 'I35
Restricted		funds	1,413,559	1,251,723	(2,432,818)	252,474
			3,795,500	2,151,9t5	(4,015,976)	1,931,439
Analysis	ofnet assets between funds
Analysis	ofnet assets between funds		- current period
				Unrestricted	Restricted	Total
				funds	funds	funds
				2020f	2020f	2020f
Tangible	fixed assets			724,858		724,858
Fixed asset investments				5,214,179	(427,868)	4,786,311
Investment		property		32,500		32,500
Current assets				713,916		713,916
Creditors	due within one year			(1,112,725)		(1,112,725)
Creditors	due in more than one year			(4,072,838)		(4,072,838)
Total				1,499,890	(427,868)	1,072,022

	FOR	FOR	THE YEAR ENDED 31 MARCH 2020	THE YEAR ENDED 31 MARCH 2020
22.	Analysis ofnet assets between		funds (continued)
	Analysis ofnet assets between		funds - prior	period
				Unrestricted	Restricted	Total
				funds	funds	funds
				2019f	2019f	2019 S
	Tangible fixed assets			768,527		768,527
	Fixed asset investments			4,014,766	262,474	4,277,240
	Investment property			50,000		50,000
	Current assets			1,705,667		1,705,667
	Creditors due within one year			(1,260,669)		(1,260,669)
	Creditors due in more than one year			(3,609,328)		(3,509,328)
	Total			1,668,963	262,474	1,931,437
23.	Reconciliation ofnet movement		in funds to net cash flow from operating		activities
					Group	Group
					2020	2019
						S
	Net expenditure for the period	(as	per Statement	of Financial Activities)	(859,417)	(1,864,062)
	Adjustments for:
	Depreciation charges				43,669	39,105
	Decrease in debtors				82,552	845
	Increase/(decrease) in creditors				(121,329)	200,598
	Write offofother debtors					135,408
	Revaluation of investment property				17,500
	Net cash used in operating	activities			(837,025)	(1,488,106)
24.	Analysis ofcash and cash equivalents
					Group	Group
					2020	2019f
	Cash in hand				525,170	'l,438,531
	Total cash and cash equivalents				525,170	1,438,531