Incoming resources for the year were £402,741 (2020: £476,249) a drop from the previous year however
resources expended rose from £401,766 (2020) to £432,740, leaving a net deficit for the year of £29,999
(2020: net surplus of £74,483). The deficit arose due to planned expenditure from reserves to create the new
bar, art gallery and workshop in Sheffield city centre. Contract income from Sheffield City Council for the
provision of employability services amounted to £40,982 and £32,382 (excluding CJRS grants) was received
in grants, some restricted to assist the development of our Travel Support Service and our new activity.
£55,091 was received in the period from the government's coronavirus job retention fund to pay furloughed
staff and to avoid any redundancies.All monies received for restricted purposes were expended during the
year leaving a balance on restricted funds of £nil at 30 September 2021. The balance on unrestricted funds at
the year end date was £72,378 and free reserves amounted to £29,416.
|