2021-03-31-accounts

	Page	Page
Reference and Administrative Details
Report of the Trustees	2	to	7
Report ofthe Independent Auditors	8	to	11
Statement ofFinancial Activities		12
Balance Sheet	13	to	14
Cash Flow Statement
Notes to the Cash Flow Statement		16
Notes to the Financial Statements	17	to	35
Detailed Statement of Financial Activities	36	to	37

Telford /? Wrekin	Council /	CCG		8603,973
Age UK Shropshire	and Telford			830,000
Building Better Opportunities		/ European Social Fund		829,636
National Children's	Bureau			f27,882
The National Lottery Community			Fund	f25,000
Youth Endowment	Fund			f20,260

FOR THE YEAR	E	N	DED 31	MARCH	2021
								31.3.21	31.3.20
					Unrestricted	Restricted	Endowment	Total	Total
					funds	funds	funds	funds	funds
				Notes
INCOME AND
ENDOWMENTS Contract income	FROM				36,073	718,022		754,095	695,836
Fundraising activities Investment income Other income					1,796 135 47,652	17488 3,954	4,890	19,084 8,979 47,652	22,133 10,122 63,493
Total					85,656	739,264	4,890	829,810	791,584
EXPENDITURE	ON
Raising funds					77	1&301	1,609	2,987
Charitable activities Voluntary services					69,879	700,198		770&077	814,262
Total					69,956	701,499	1,609	773,064	817,066
Net gains/(losses) investments	on					26,002	32,155	58,157	(28,334)
NKT INCOME/(EXPENDITURE)					15&700	63,767	35,436	114903	(53,816)
Transfers between		funds		19	59,566	252	(59,818)
Net movement in	funds				75,266	64,019	(24,382)	114,903	(53,816)
RECONCILIATION			OF
FUNDS
Total funds brought			forward		218,914	474&552	289,897	983,363	1,037,179
TOTAL FUNDS FORWARD	CARRIED				294,180	538&571	265&515	1,098,266	983,363

BALANCE SHEET 31MARCH 2021
					31.3.21	31.3.20
		Unrestricted	Restricted	Endowment	Total	Total
	Notes	funds f,	funds f.	funds 6	funds f	funds
FIXEDASSETS Tangible assets Investments	14 15	553,253	83,073 153498	189,574	636426 342,872	653,999 292,269
		553,253	236,371	189,574	979)198	946,268
CURRENT ASSETS Debtors Cash at bank and in hand	16	140,914 (221430)	302,202	75,941	140,914 156,913	36,427 166,764
		(80416)	302,202	75,941	297,827	203,191
CREDITORS
Amounts falling due within one year	17	(135,259)			(135,259)	(114,554)
NET CURRENT ASSETS		(215,575)	302,202	75,941	162,568	88,637
TOTAL ASSETSLESS CURRENT LIABILITIES		337,678	538,573	265,515	1,141,766	1,034,905
PENSION LIABILITY	20	(43,500)			(43,500)	(51,542)
NET ASSETS		294,178	538,573	265,515	1,098466	983,363
FUNDS Unrestricted funds	19				294,178	218,914
Restricted funds					538&573	474,552
Endowment funds					265,515	289,897
TOTAL FUNDS					1&098/66	983,363

CASH FLOW STATEMENT	CASH FLOW STATEMENT	CASH FLOW STATEMENT
FORTHE YEAR ENDED 31MARCH			2021
				31.3.21	31.3.20
			Notes	f
Cash flows from operating	activities
Cash generated fiom operations				(29,666)	(4,144)
Net cash used m operating	activities			(29,666)	(4,144)
Cash flows from investing	activities
Purchase oftangible fixed assets					(54,947)
Purchase offixed asset investments				(31&085)	(28,468)
Sale offixed asset investments				38&640	21,497
Interest received				8&979	10,122
Net cash provided by/(used	in) investing	activities		16,534	(51,796)
Cash flows from financing	activities
hicome attributable to endowment				4&890
Expenditure attributable to	endowment			(1,609)	(l,550)
Net cash provided by/(used	in) financing		activities	3&281	(1,550)
Change in cash and cash equivalents		in
the reporting period				(9,851)	(57,490)
Cash and cash equivalents	at the
beginning ofthe reporting	period			166,764	224,254
Cash and cash equivalents	at the end	of
the reporting period				156&113	166,764

OPERATING ACTIVI	TIES
			31.3.21	31.3.20
Net income/(expenditure)	for the reporting	period (as per the
Statement ofFinancial	Activities)		114,903	(53,816)
Ad]ustments for:
Depreciation charges			16,919	15,808
(Gain)/losses on investments			(58,157)	28,334
Loss on disposal offixed	assets		754
Interest received			(8J79)	(10,122)
Income attributable to endowment			(4)890)
Expenditure attributable	to endowment		Ii609	1,550
Movement in pension liability			(8,042)	(10,984)
(Increase)/decrease in debtors			(104,488)	19,194
Increase in creditors			20,705	5,892
Netcash used in operati	ons		(29,666)	(4,144)

ANALYSIS OF CHANGES IN NKT FUND	S
	At 1.4.20	Cash flow	At 31.3.21
Net cash
Cash at bank and in hand	166,764	(91851)	156,913
	166,764	(9,851)	156,913
Total	166,764	(90851)	156313

FOR	THE YEAR ENDED 31M	THE YEAR ENDED 31M	ARCH 2021
2.	CONTRACT INCOME
				31.3.21	31.3.20
				f
	Contracts			691,110	616,190
	Services			2,124	17,014
	Grants			600861	62,632
				754,095	695,836
	Grants received, included		in the above, are as follows:
				31.3.21	31,3.20
	Other grants			600861	62,632
3.	FUNDRAISING ACTIVITIES
				31.3.21	31.3.20
	Fundraising	events		19,084	22,133
4.	INVESTMKNT INCOME
				31.3.21	31.3.20
				8
	Deposit account interest Investment income			135 8,844	413 9,709
				8J79	10,122
5.	OTHER INCOME
				31.3.21	31.3.20
	Service charges received			47/52	63,093
	Other incoming resources			400	400
				47,652	63,493

6.	RAISING FUNDS
	Other trading activities
				31.3.21	31.3.20
	Bad debts			77
	Investment management	costs
				31.3.21	31.3.20
	Portfolio management			2&910	2,804
	Aggregate amounts			2,987	2,804
7.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 9)	Totals
	Voluntary services		631,018	139&059	770,077
8.	GRANTS PAYABLE
				312.21	31.3.20
	Voluntary services				3,084
9.	SUPPORT COSTS
				Governance
		Management	Finance	costs	Totals I
	Voluntary services	132,413	10	6,636	139,059
10.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
				31.3.21	31.3.20
	Auditors' remuneration			6,636	6,186
	Depreciation - owned assets			16,919	15,808
	Hire ofplant and machinery			2,984	3,295
	Other operating leases			166	218
	Deficit on disposal offixed assets			754

STAFF COSTS
			31.3.21	31.3.20
Wages and salaries			535,985	551,546
Social security costs			23,477	28,973
Other pension costs			10,900	9,378
			570,362	589,897
The average monthly	number ofemployees	during the year was as follows:
			31.3.21	31.3.20
Administrative			5	5
Service delivery			24	29
			29	34

COMPARATIVES FORTHE STATEMENT	COMPARATIVES FORTHE STATEMENT	OF FINANCIAL	ACTIVITIES
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	fimds
			f,	f.	8
INCOME	AND ENDOWMENTS FROM
Contract income		5,209	690,627		695,836
Fundraising	activities	2,111	20,022		22,133
Investment	income	5,781	4,341		10,122
Other income		62,723	770		63,493
Total		75,824	715,760		791,584
EXPENDITURE ON
Raising funds			1,254	1,550	2,804
Charitable	activities
Voluntary	services	113,544	700,718		814,262
Total		113,544	701,972	1,550	817,066

13.	COMPARATIVKS	F	ORTHE STATEMENT	OF FINANCIAL	ACTIVITIES	-continued
				Unrestricted	Restricted	Endowment	Total
				funds	funds	funds	funds
				f,		f,
	Net gains/(losses) on investments				(12,668)	(15,666)	(28,334)
	NKT INCOME/(EXPENDITURE)			(37,720)	1,120	(17,216)	(53,816)
	Transfers between	funds		(3,357)	3,357
	Net movement in funds			(41,077)	4 477	(17216)	(53,816)
	RECONCILIATION		OF FUNDS
	Total funds brought		forward	259,991	470,075	307,113	1,037,179
	TOTAL FUNDS CARRIED FORWARD			218,914	474,552	289,897	983,363
14.	TANGIBLE FIXED		ASSETS
					Freehold	Computer
					property	equipment	Totals
	COST
	At 1 April 2020				694,589	75/80	769,969
	Disposals					(24,431)	(24,431)
	At 31 March 2021				694,589	50,949	745)538
	DEPRECIATION
	At 1 April 2020				68,882	47,088	115)970
	Charge for year				12,745	49174	16)919
	Eliminated on disposal					(23,677)	(23,677)
	At 31March 2021				81,627	27&585	109)212
	NET BOOKVALUE
	At 31 March 2021				612,962	23,364	636,326
	At 31March 2020				625,707	28,292	653,999

FIXEDASSETINVESTMENTS
	Listed
	investments
MARKET VALUE
At I April 2020	292,269
Additions	31,085
Disposals	(37,025)
Revaluations	56,543
At 31 March 2021	342,872
NET BOOK VALUE
At 31 March 2021	342,872
At 31March 2020	292,269

The split	ofinve	stmen	t assets	between	UK and non-UK is as follows:
						2021	2020
UK investment		assets				149,034	164,588
Non-UK	invesiment		assets			193,838	127,681
						342,872	292,269
The charity had		the following		material	investments:
						2021	2020
							f,
Vanguard	Funds	PLC SAP 500ETF				22,875	16,813

		31.3.21	31.3.20
Trade debtors		120422	25,174
Prepayments	and accrued income	20)592	11,253
		140J14	36,427

		31.3.21	31.3.20
		f
Trade creditors		21471	19,399
Social security and other taxes		8,997	7,122
VAT		15)469	11,890
Other creditors		6,369	3,465
Accruals and deferred	income	83,153	72,678
		135459	114,554

Minimum lease payments under non-cancellable operatin	g leases fall due as follows:
	31.3.21	31.3.20
Within one year	4,555	8,217
Between one and five years	4)643	7,976
	9,198	16,193

MOVEMENT IN FUN	DS
			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
Unrestricted funds
General Fund		108,732	15,698	74,790	199,220
Employment Reserve		110,182		(15,224)	94,958
		218,914	15,698	59,566	294)178
Restricted funds
Glebe Refurbishment		78)157	(5,687)		72,470
All Age Carers Service IASS Telford		219,456 22)502	(2,620) 271	22,753	239)589 22)773
Young Carers Grassroots Endowment	Income	52,492 2,950	24,139 28,655	(23,657)	52,974 31)605
Adult Carers Reserve		55,455	1,629		57,084
Young Carers			6,758		6,758
Better Care Fund			340	(340)
Building Better Opportunities Telford Autism Hub		11,920	(252) 5,784	252	17,704
Wellbeing Hubs Network IASP		493 28„953	485		493 29,438
Community Cafe Independent Living Centre		2,174	5,511 (1,244)	1/44	7,685
		474,552	63,769	252	538,573
Endowment funds
TDC Endowment Fund		156,552	35,436	(59,818)	132,170
Grassroots Endowment	Fund	133)345			133445
		289,897	35,436	(59,818)	265,515
TOTAL FUNDS		983463	114,903		1)098,266

MOVEMENT IN FUN	MOVEMENT IN FUN	DS - con	tinued
Net movement in funds,		included	in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted funds
General Fund			85,656	(69,958)		15,698
Restricted funds
Glebe Refurbishment				(5,687)		(5,687)
All Age Carers Service IASS Telford			291,838 73,998	(294,458) (73,727)		(2,620) 271
Young Carers Grassroots Endowment		Income	94,292 3,954	(70,153) (1$301)	26,002	24$139 28,655
Adult Carers Reserve			7$374	(5,745)		1,629
Young Carers Better Care Fund			12,473 30,000	(5,715) (29,660)		61758 340
Building Better Opportunities			28498	(28,550)		(252)
Telford Autism Hub			100/43	(94,559)		5,784
IASP			27,882	(27,397)		485
Community Cafe			23,799	(18488)		5$511
Youth Endowment	Fund		11,680	(11$680)
Independent Living	Centre		33$333	(34,577)		(1+44)
			739,264	(701,497)	26,002	63$769
Endowment funds
TDC Endowment Fund			4,890	(1,609)	32,155	35,436
TOTAL FUNDS			829,810	(773,064)	58,157	114,903

Comparatives for mov	ement in funds
			Net	Transfers
			movement	between	At
		At 1.4.19	in funds	funds	31.3.20
Unrestricted funds
General Fund		152,270	(37,720)	(5,818)	108,732
Employment Reserve		107,721		2,461	110,182
		259,991	(37,720)	(3,357)	218,914
Restricted funds
Glebe Refurbishment		83,844	(5,687)		78,157
All Age Carers Service IASS Telford		207,496 28,205	10,572 (5,703)	1,388	219,456 22,502
STBG - Carers Grant		51,424	4,031		55,455
Young Carers Grassroots Endowment	Income	47,535 12,531	6,868 (9,581)	(1,911)	52,492 2,950
Better Care Fund			(242)	242
Building Better Opportunities Telford Autism Hub		63 13,359	(3,353) (1,506)	3,290 67	11,920
Wellbeing Hubs Network IASP		623 23,436	(130) 5,517		493 28,953
Dawley Town Council			(281)	281
Community Cafe		476	1,698		2,174
Haberdashers		1,083	(1,083)
		470,075	1,120	3,357	474,552
Endowment funds
TDC Endowment Fund		173,768	(17/16)		156,552
Grassroots Endowment	Fund	133,345			133,345
		307,113	(17,216)		289,897
TOTAL FUNDS		1,037,179	(53,816)		983,363

MOVEMENT IN FUNDS	MOVEMENT IN FUNDS	- continued
Comparative net movement		in funds, included	in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted funds
General Fund			75,824	(113,544)		(37,720)
Restricted funds
Glebe Refurbishment All Age Carers Service IASS Telford STBG - Carers Grant			329,706 69,165 12,975	(5,687) (319,134) (74,868) (8,944)		(5,687) 10,572 (5,703) 4,031
Young Carers Grassroots Endowment	Income		61,119 4,341	(54,251) (1,254)	(12,668)	6,868 (9,581)
Better Care Fund Building Better Opportunities Telford Autism Hub			30,001 34,849 88,311	(30,243) (38302) (89,817)		(242) (3,353) (1,506)
Wellbeing Hubs Network IASP			130 46,621	(260) (41,104)		(130) 5,517
Dawley Town Council Community Cafe Haberdashers			1,200 31,925 5,417	(1,481) (30,227) (6,500)		(281) 1,698 (1,083)
			715,760	(701,972)	(12,668)	1,120
Endowment funds TDC Endowment Fund				(1,550)	(15,666)	(17,216)
TOTAL FUNDS			791,584	(817,066)	(28,334)	(53,816)

A current year 12 month	s and prior year	12months combined pos	ition is as follow	s:
			Net	Transfers
			movement	between	At
		At 1.4.19	in funds	funds	31.3.21
Unrestricted funds
General Fund		152@70	(22,022)	68,972	199,220
Employment Reserve		107,721		(12,763)	94,958
		259,991	(22,022)	56,209	294,178
Restricted funds
Glebe Refurbishment		83,844	(11,374)		72,470
All Age Carers Service IASS Telford		207,496 28,205	7,952 (5,432)	24,141	239,589 22,773
STBG - Carers Grant		51,424	4,031		55,455
Young Carers Grassroots Endowment	Income	47,535 12,531	31,007 19,074	(25,568)	52,974 31,605
Adult Carers Reserve			1,629		1,629
Young Carers Better Care Fund			6,758 98	(98)	6,758
Building Better Opportunities Telford Autism Hub		63 13,359	(3,605) 4,278	3,542 67	17,704
Wellbeing Hubs Network IASP		623 23,436	(130) 6,002		493 29,438
Dawley Town Council Community Cafe		476	(281) 7,209	281	7,685
Haberdashers		1,083	(1,083)
Independent Living Cenlre			(1,244)	1@44
		470,075	64,889	3,609	538,573
Endowment funds
TDC Endovnnent Fund		173,768	18,220	(59,818)	132,170
Grassroots Endowment	Fund	133,345			133,345
		307,113	18,220	(59,818)	265,515
TOTAL FUNDS		1,037,179	61,087		1,098,266

A current year 12 month as follows:	s and prior year	12 months combined n	et movement in f	unds, included	n the above a
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		f,		f,
Unrestricted funds
General Fund		161,480	(183,502)		(22,022)
Restricted funds Glebe Refurbishment All Age Carers Service IASS Telford STBG - Carers Grant Young Carers Grassroots Endowment Income Adult Carers Reserve Young Carers Better Care Fund Building Better Opportunities Telford Autism Hub Wellbeing Hubs Network IASP		621,544 143,163 12,975 155,411 8,295 7,374 12,473 60,001 63,147 188,654 130 74,503	(11,374) (613,592) (148,595) (8,944) (124,404) (2,555) (5,745) (5,715) (59,903) (66,752) (184,376) (260) (68,501)	13,334	(11,374) 7,952 (5,432) 4,031 31,007 19,074 1,629 6,758 98 (3,605) 4,278 (130) 6,002
Dawley Town Council Community Cafe Haberdashers		1400 55,724 5,417	(1,481) (48,515) (6,500)		(281) 7/09 (1,083)
Youth Endowment Fund Independent Living Centre		11,680 33,333	(11,680) (34,577)		(1744)
		1,455,024	(1,403,469)	13,334	64,889
Endowment funds TDC Endowment Fund		4,890	(3,159)	16,489	18,220
TOTAL FUNDS		1,621,394	(1,590,130)	29,823	61,087

PRESENT VALUES OF PROVISION Present value ofprovision	31.3.21 (I ) 43,500	31.3.20 (Ls) 51,542	31.3.19 (I) 62,525
RECONCILIATION OF OPENING AND CLOSING	PROVISIONS	312.21	31.3.20
		(&)	(I)
Provision at start ofperiod Unwinding ofthe discount factor (interest expense) Deficit contribution paid Remeasurements - impact ofany change in assumptions Provision at end ofperiod		51,542 1,157 (10,687) 1)488 43,500	62,525 791 (10,376) (1,398) 51,542
INCOME AND EXPENDITURE IMPACT
		31.3.21	31.3.20
		(&)	(Es)
Interest expense Remeasurements - impact ofany change in assumptions		1,157 1,488	791 (1,398)
ASSUMPTIONS	31.3.21	31.3.20	31.3.19
Rate ofdiscount	lo per annum 0.66	'ro per annum 2.53	88per annum 1.39

DEFICITCONTRIBUTIONS SCHEDULE
	31.3.21	31.3.20	31.3.19
Year ending	(I)	(I )	(Is)
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6	11,008 11,338 11,679 10,024	10,687 11,008 11,338 11,679 10,024	10,376 10,687 11,008 11,338 11,679 10,024

DETAILED STATEMENT FORTHEYEARENDED	OF FINANCIAL ACTIVITIES 31MARCH 2021
		31.3.21	31.3.20
INCOME AND ENDOWMENTS
Contract income Contracts		691&110	616,190
Services		2,124	17,014
Grants		60,861	62,632
		754,095	695,836
Fundraising activities Fundraismg events		19,084	22,133
Investment income Deposit account interest Investment income		135 8,844	413 9,709
		8,979	10,122
Other income Service charges received Other incoming resources		47$52 400	63,093 400
		47)652	63,493
Total incoming resources		829,810	791,584
Other trading activities Bad debts		77
Investment management Portfolio management	costs	2,910	2,804
Charitable activities
Wages Social security Pensions		450&929 20,173 6491	449,775 23,927 7,487
Hire ofplant and machinery Insurance, rent, rates and power Telephone Printing, postage &stationery Advertising Sundries		2,984 56,287 6,906 1,795 610 1,003	3,295 43,565 7,437 15,583 110 5,888
Professional fees Tramlllg Service contracts		21)188 3454 10,699	21,029 5,451 19,596
Carried forward		582/19	603,143

DETAILED STATEMENT FORTHE YEAR ENDED	OF FINANCIAL ACT~ 31MARCH 2021
		31.3.21	31.3.20
Charitable activities
Brought forward Subscriptions &membership DBS/ payroll charges IT&website		582419 821 527 22,043	603,143 1,313 723 16,162
Activities		17,917	20,110
Expenses Bank charges Depreciation Grants paid		1432 6,159	10,630 I 6,159 3,084
		631,018	661,325
Support costs
Management Wages Social security Pensions		85,056 30304 4,609	101,771 5,046 1,891
Other operating leases Insurance, rent, rates &power Telephone Printing, postage &,stationery Sundries		166 6,636 10481 48 3,008	218 6,189 1,695 1,281 6342
Professional fees		3,701	407
IT&website		80560	6,848
Subscriptions &membership Service contracts		35 3,138	359 3,420
Trannng Depreciation Loss on sale oftangible fixed assets Interest on pension scheme liabilities		10,760 754 1,157	515 9,649 791
		132,413	146,322
Finance
Bank charges		10	429
Governance costs
Auditors' remuneration		6,636	6,186
Total resources expended		773,064	817,066
Net income/(expenditure) losses	before gains and	56,746	(25,482)
Realised recognised gains and losses Realised gains/(losses) on fixed asset investments		1,615	120
Unrealised gains/(losses) on fixed asset investments		560542	(28,454)
Net income/(expenditure)		114,903	(53,816)