```
REGISTERED CHARITY NUMBER: 1014710
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
```
## **`FOR`**
## **`OVER COMMUNITY ASSOCIATION`**
```
Thompson Taraz Rand Audit and Assurance Limited
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA
```
```
OVER COMMUNITY ASSOCIATION
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`4`|
|**`Independent Examiner's Report`**||`5`||
|**`Statement of Financial Activities`**||`6`||
|**`Balance Sheet`**|`7`|`to`|`8`|
|**`Notes to the Financial Statements`**|`9`|`to`|`13`|
|**`Detailed Statement of Financial Activities`**||`14`||
```
OVER COMMUNITY ASSOCIATION
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2021. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Theobjectivesof OverCommunityAssociation(OCA)is topromotethesocialwelfareof,andimprovetheconditions for,
theinhabitantsofOverandneighbouringvillages.InordertofurtherthisobjectivetheAssociationhasconstructed a
sports and recreational centre.
```
```
The Association'saims are to promoteandprovidecultural,recreational,socialandsportingservicesandactivitiesto the
residentsof Over andthe neighbouringvillages.Thisis achievedby providingalllocalclubsandassociationswiththe use
of various facilities at The Community Centre.
```
```
The main objectivesfor the year ended 31 March2021 were broadlyin line with previousyears.That is to ensurethat the
tradingarm,OverCommunityEnterprisesLimited,generatessufficientincomeandhenceprofittoensureOCA can
promoteitsaimsatasubsidisedcosttothevillagers.Whileatthesametimeensuringthatsufficientfundsare retained
and used for the upkeep and maintenance of the premises and its assets.
```
## **`Public benefit`**
```
ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
public benefit when reviewing the Associations aims and objectives and in planning future activities.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
The Over CommunityAssociationhas not been able to offer free events or free room hire to localcharitablegroupsto the
village this financialyear due to the ongoingglobalpandemic.Over CommunityAssociationhas secured several grants and
donationsthisyearthathasenabledmaintenanceworkonthebuildingandupkeeptobeperformed.The Over
CommunityAssociationhassupportedtheCentreManagerduringanexceedinglydifficulttradingperiodcausedby the
global pandemic and enforced closure of the Centre for much of the year.
```
```
Page 1
```
```
OVER COMMUNITY ASSOCIATION
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`**
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Thebuildinghasbeenoperatingforovertwentyyearsnowandcontinuestobewellusedwithover40individual user
groups.Thesubsidiarycompany,OverCommunityEnterprisesLimited(OCE),setuptorunthebuilding,recordeda net
loss of £24,893 for the year ended 31st March 2021 (2020 - £6,323).
```
```
Manyuser groupscontinueto use the Centre.Conferencetradehas continuedto be slow withmanycouncilsand groups
historicallyusingtheCentrecuttingbackonoffsiteseminarandtraining.Wearecontinuingourrelationshipswith these
parties and investigating new avenues of income.
```
## **`Reserves policy`**
```
TheTrusteesarecontinuingtoreviewOCA'sneedsforreservesinlinewiththeguidanceissuedbythe Charity
Commission.Theyrecognisethatprovisionmustbemadefortheplannedreplacementoftheall-weathersurface and
other major assets are kept in a good state of repair.
```
```
The DesignatedFixedAsset Fundwas set up by a transferfrom Generalreserves.This fundrepresentsthe net book value
ofassetspurchasedfromspecificgrantsanddonationswheretherestrictiononthedonationceasesoncethemoney is
spent.
```
```
The majorrisksto whichOCA is exposedhave been identifiedby the Trusteesandcontinueto be reviewed.Systems have
been, and continue to be, established to manage those risks.
```
## **`FUTURE PLANS`**
```
ItisanticipatedthatinthelightoftheongoingglobalpandemicthatOCAwillhavetocarefullyplanforfutureyears to
ensurethestabilityoftheCentreanditsoperations,closelysupportingtheCentreManagertoensureprofitability from
OCE Ltd and future success.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The charity is controlled by its governing document, a constitution and is an unincorporated charity.
```
## **`Recruitment and appointment of new trustees`**
```
Trustees are governedby the constitutionwhich requiresall Trustees to live in the village of Over. Due to this requirement
the recruiting of new Trustees can be a challenging task.
```
```
The board of Trustees shall consist of:
```
- `Not more than four Honorary Officers.`
- `Not more than nine member representatives.`
- `One representative appointed by Over Parish Council.`
```
Villageresidentswhowouldliketo becomeOver CommunityAssociationTrusteesare invitedto puttheirnames forward
forelection,orre-electionattheAGM.Appointeesarenominatedbytwomembersandelectedbyasimplemajority at
the AGM.
```
```
Fromtimetotimeresidentswithcertainskills,normallyprofessionalones,areinvitedtoeitherstandforelectionor are
co-opted on as a Trustee. Training is delivered internally as deemed necessary.
```
## **`Organisational structure`**
```
The day to day management is delegated to the Executive Committee who make the necessary day to day decisions.
```
```
TheCentreManageris employedtorecruitthestaffsheneedstogeneratetheincome,throughtradingactivities,that is
required so that OCA can continue to carry out its aims.
```
```
Page 2
```
```
OVER COMMUNITY ASSOCIATION
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Decision making`**
```
The Trustees determine the general policy of the Association.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
1014710
```
## **`Principal address`**
```
Over Community Centre
The Doles
Over
Cambridge
Cambridgeshire
CB24 5NW
```
## **`Trustees`**
```
R A Bevington (chair from Nov'20)
D Carman
T T Sutton
P J Sibthorpe
D Shepherd (resigned 1/12/2020)
G D Fenn (appointed 22/10/2020)
Mrs U Robinson
Mrs S Robinson
Mrs A Griffiths (resigned 22/10/2020)
M Dixon (resigned 22/10/2020)
P Smith
```
## **`Independent Examiner`**
```
Andrew Rand
Thompson Taraz Rand Audit and Assurance Limited
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA
```
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`**
```
ThetrusteesareresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
```
Page 3
```
## **`OVER COMMUNITY ASSOCIATION`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`**
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued`**
```
ThelawapplicabletocharitiesinEnglandandWales,theCharitiesAct2011,Charity(AccountsandReports) Regulations
2008andtheprovisionsofthetrustdeedrequiresthetrusteestopreparefinancialstatementsforeachfinancial year
whichgiveatrueandfairviewofthestateofaffairsofthecharityandoftheincomingresourcesandapplication of
resources,includingtheincomeandexpenditure,ofthecharityforthatperiod.Inpreparingthosefinancial statements,
the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charity SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.`
```
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatany time
the financialpositionof the charityandto enablethem to ensurethatthe financialstatementscomplywiththe Charities
Act2011,theCharity(AccountsandReports)Regulations2008andtheprovisionsofthetrustdeed.Theyare also
responsibleforsafeguardingtheassetsofthecharityandhencefortakingreasonablestepsfortheprevention and
detection of fraud and other irregularities.
```
```
Approved by order of the board of trustees on 21 January 2022 and signed on its behalf by:
```
```
R A Bevington - Trustee
```
```
Page 4
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OVER COMMUNITY ASSOCIATION`**
## **`Independent examiner's report to the trustees of Over Community Association`**
```
I reportto the charitytrusteeson my examinationof the accountsof Over CommunityAssociation(the Trust)for the year
ended 31 March 2021.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
I reportinrespectof my examinationof theTrust'saccountscarriedoutundersection145of theActandincarrying out
myexaminationI havefollowedallapplicableDirectionsgivenbytheCharityCommissionundersection145(5)(b)of the
Act.
```
## **`Independent examiner's statement`**
```
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
```
I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Andrew Rand
Thompson Taraz Rand Audit and Assurance Limited
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA
```
```
21 January 2022
```
```
Page 5
```
## **`OVER COMMUNITY ASSOCIATION`**
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`33,310`**
**`Charitable activities`**
`3`
`Charitable activity`
**`10`**
**`Total`**
**`33,320`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activity`
**`15,914`**
`Governance costs`
**`1,500`**
**`Total`**
**`17,414`**
**`NET INCOME/(EXPENDITURE)`**
**`15,906`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`141,704`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`157,610`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`-`**
**`17,834`**
**`-`**
**`17,834`**
**`(17,834)`**
**`471,830`**
**`453,996`**|**`2021`**
**`Total`**
**`funds`**
**`£`**
**`33,310`**
**`10`**
**`33,320`**
**`33,748`**
**`1,500`**
**`35,248`**
**`(1,928)`**
**`613,534`**
**`611,606`**|`2020`
`Total`
`funds`
`£`
`10,139`
`9,000`
`19,139`
`44,144`
`1,300`
`45,444`
`(26,305)`
`639,839`
`613,534`|
|---|---|---|---|
```
The notes form part of these financial statements
```
```
Page 6
```
## **`OVER COMMUNITY ASSOCIATION`**
## **`BALANCE SHEET 31 MARCH 2021`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`6`
`Investments`
`7`
**`CURRENT ASSETS`**
`Debtors`
`8`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`9`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**|`Unrestricted`
`funds`
`£`
**`41,812`**
**`12,002`**
**`53,814`**
**`28,871`**
**`77,925`**
**`106,796`**
**`(3,000)`**
**`103,796`**
**`157,610`**
**`157,610`**|`Restricted`
`funds`
`£`
**`453,996`**
**`-`**
**`453,996`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`453,996`**
**`453,996`**|**`2021`**
**`Total`**
**`funds`**
**`£`**
**`495,808`**
**`12,002`**
**`507,810`**
**`28,871`**
**`77,925`**
**`106,796`**
**`(3,000)`**
**`103,796`**
**`611,606`**
**`611,606`**|`2020`
`Total`
`funds`
`£`
`521,758`
`12,002`|
|---|---|---|---|---|
|||||`533,760`
`29,616`
`52,108`|
|||||`81,724`
`(1,950)`|
|||||`79,774`|
|||||`613,534`|
|||||`613,534`|
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 7
```
```
OVER COMMUNITY ASSOCIATION
```
## **`BALANCE SHEET - continued 31 MARCH 2021`**
|**`FUNDS`**
`10`
`Unrestricted funds:`
`General fund - assets (excluding bank)`
`General fund - bank (after contingency reserve)`
`Designated fund - bank (contingency reserve)`
`Restricted funds:`
`Property fund`
**`TOTAL FUNDS`**|**`79,687`**
**`47,923`**
**`30,000`**
**`157,610`**
**`453,996`**
**`611,606`**|`89,596`
`22,108`
`30,000`|
|---|---|---|
|||`141,704`|
|||`471,830`|
|||`613,534`|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon21January2022and were
signed on its behalf by:
```
```
R A Bevington - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
```
OVER COMMUNITY ASSOCIATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewith the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicablein the UK and Republicof Ireland(FRS 102) (effective 1 January2019)', FinancialReportingStandard 102
'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011. The
financialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexceptionof investments
which are included at market value, as modified by the revaluation of certain assets.
```
## **`Going concern`**
```
Therearenomaterialuncertaintiesaboutthecharity'sabilitytocontinue,onconsiderationofthe charity's
position during the year and post year-end.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.
```
```
Governmentgrantsof£30,285(2020:NIL)werereceivedduringtheyeartosupportthecharityduring the
pandemic.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcanbe measuredreliably.Expenditureis accountedforon an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asst over its estimated useful life.
```
```
Long Leasehold - 2% on cost
Improvements to property - varying rates
Fixtures and fittings - varying rates
Office equipment - 10% on reducing balance
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
```
continued...
```
```
Page 9
```
```
OVER COMMUNITY ASSOCIATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`**
## **`2. DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
||**`2021`**|`2020`|
||**`£`**|`£`|
|`Donations`|**`25`**|`10,139`|
|`Grants`|**`33,285`**|`-`|
||**`33,310`**|`10,139`|
|**`INCOME FROM CHARITABLE ACTIVITIES`**|||
||**`2021`**|`2020`|
||`Charitable`|`Total`|
||`activity`|`activities`|
||**`£`**|`£`|
|`Licence fees`|**`10`**|**`9,000`**|
## **`3. INCOME FROM CHARITABLE ACTIVITIES`**
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees'remunerationor otherbenefitsfor the year ended31 March2021 nor for the year ended
31 March 2020.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
```
## **`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`10,139`
**`Charitable activities`**
`Charitable activity`
`9,000`
**`Total`**
`19,139`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activity`
`26,310`
`Governance costs`
`1,300`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`17,834`
`-`|`Total`
`funds`
`£`
`10,139`
`9,000`|
|---|---|---|
|||`19,139`
`44,144`
`1,300`|
```
continued...
```
```
Page 10
```
## **`OVER COMMUNITY ASSOCIATION`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`**
## **`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
|**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`Transfers between funds`**
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`6.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 April 2020`
`Additions`
`At 31 March 2021`
**`DEPRECIATION`**
`At 1 April 2020`
`Charge for year`
`At 31 March 2021`
**`NET BOOK VALUE`**
`At 31 March 2021`
`At 31 March 2020`|`Improvements`
`Long`
`to`
`leasehold`
`property`
`£`
`£`
**`800,942`**
**`188,758`**
**`-`**
**`-`**
**`800,942`**
**`188,758`**
**`334,719`**
**`146,264`**
**`16,019`**
**`7,370`**
**`350,738`**
**`153,634`**
**`450,204`**
**`35,124`**
`466,223`
`42,494`|`Unrestricted`
`Restricted`
`Total`
`funds`
`funds`
`funds`
`£`
`£`
`£`
`27,610`
`17,834`
`45,444`
`(8,471)`
`(17,834)`
`(26,305)`
`617`
`(617)`
`-`
`(7,854)`
`(18,451)`
`(26,305)`
`149,558`
`490,281`
`639,839`
`141,704`
`471,830`
`613,534`
`Fixtures`
`and`
`Office`
`fittings`
`equipment`
`Totals`
`£`
`£`
`£`
**`195,905`**
**`32,108`**
**`1,217,713`**
**`981`**
**`-`**
**`981`**
**`196,886`**
**`32,108`**
**`1,218,694`**
**`187,488`**
**`27,484`**
**`695,955`**
**`3,058`**
**`484`**
**`26,931`**
**`190,546`**
**`27,968`**
**`722,886`**
**`6,340`**
**`4,140`**
**`495,808`**
`8,417`
`4,624`
`521,758`|
|---|---|---|
```
Thelandonwhichthebuildingsstandhasbeenleasedforatermof99years,commencing18August1997at a
nominal rent.
```
```
The fixed assets are all used for charitable purposes.
```
```
continued...
```
```
Page 11
```
```
OVER COMMUNITY ASSOCIATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`**
## **`7. FIXED ASSET INVESTMENTS`**
|**`FIXED ASSET INVESTMENTS`**||
|---|---|
||`Shares in`|
||`group`|
||`undertakings`|
||`£`|
|**`COST LESS IMPAIRMENT`**||
|`At 1 April 2020 and 31 March 2021`|**`12,002`**|
|**`NET BOOK VALUE`**||
|`At 31 March 2021`|**`12,002`**|
|`At 31 March 2020`|`12,002`|
```
There were no investment assets outside of the UK.
```
```
The investments represent the whole of the issued share capital of Over Community Enterprises Limited.
```
## **`8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Amounts owed by company under`
`the control of trustees`
`VAT`
`Prepayments`
**`9.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Other creditors`|**`2021`**
**`£`**
**`27,286`**
**`1,135`**
**`450`**
**`28,871`**
**`2021`**
**`£`**
**`-`**
**`3,000`**
**`3,000`**|`2020`
`£`
`28,730`
`436`
`450`|`2020`
`£`
`28,730`
`436`
`450`|
|---|---|---|---|
|||`29,616`||
||||`2020`
`£`
`450`
`1,500`|
||||`1,950`|
```
continued...
```
```
Page 12
```
```
OVER COMMUNITY ASSOCIATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`**
## **`10. MOVEMENT IN FUNDS`**
## **`Unrestricted funds`**
```
All designated funds were set up by transfers from unrestricted income funds by Trustees.
```
```
ThecontingencyreservewassetuptoreflectthefactOCAneedsreservestocoverthefuture expected
expendituresuchas theeventualrefurbishmentof theCentreitself.Thisrepresents£30,000of the£77,925 cash
at bank at 31 March 2021.
```
```
Remainingcash at bankof £47,925representsavailableliquidresourcesat 31 March2021 to meet the day to day
futurerequirementsof the Association,includingany supportgiven to its subsidiaryundertakingOver Community
Enterprises Limited.
```
## **`Restricted funds`**
```
The propertyfundrepresentsthe incomereceivedin the form of grantsanddonationswhichhas been applied to
thecostofconstructionoftheCommunityCentreandConservatoryandthepurchaseofCCTV equipment.
Depreciation on these assets is charged to the fund each year.
```
## **`11. RELATED PARTY DISCLOSURES`**
```
Duringthe year the Charityreceived £10 (2020 - £9,000)of licence fees from Over CommunityEnterprises Limited,
its 100% subsidiary undertaking. At the year end £27,286 (2020 - £28,730) was due from this company.
```
```
Page 13
```
## **`OVER COMMUNITY ASSOCIATION`**
|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**|||
|---|---|---|
|**`FOR THE YEAR ENDED 31 MARCH 2021`**|||
||`2021`|`2020`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|**`25`**|`10,139`|
|`Grants`|**`33,285`**|`-`|
||**`33,310`**|`10,139`|
|**`Charitable activities`**|||
|`Licence fees`|**`10`**|`9,000`|
|**`Total incoming resources`**|**`33,320`**|`19,139`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Rent`|**`10`**|`-`|
|`Insurance`|**`208`**|`-`|
|`Licences`|**`295`**|`-`|
|`Property repairs`|**`6,009`**|`12,565`|
|`Village event costs`|**`295`**|`4,774`|
|`Depreciation of leasehold property and`|||
|`improvements`|**`23,389`**|`23,333`|
|`Depreciation of other assets`|**`3,542`**|`3,472`|
||**`33,748`**|`44,144`|
|**`Support costs`**|||
|**`Governance costs`**|||
|`Independent examination fees`|**`1,500`**|`1,300`|
|`Total resources expended`|**`35,248`**|`45,444`|
|**`Net expenditure`**|**`(1,928)`**|`(26,305)`|
```
This page does not form part of the statutory financial statements
```
```
Page 14
```