OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Reference and Administrative
Details		 Reference and Administrative
Details
Trustees' Report 2to13
Statement ofTrustees' Responsibilities 14
Independent
Examiner's		 Report 15
Statement ofFinancial Activities 16to 17
Balance Sheet 18to 19
Notes to the Financial Statements 20to 33

and Lo sses)
Unrestricted Restricted Total
funds funds 2021
Note K
Income and Endowments from:
Donations
and legacies		 1,284 1,284
Charitable
activities		 34,506 457,672 492,178
Total income 35,790 457,672 493,462
Expenditure
on:
Charitable
activities		 (40,014) (474,723) (514,737)
Total expenditure (40,014) (474,723) (514,737)
Gains/losses
on investment		 assets 4,173 4,173
Net expenditure (51) (17,051) (17,102)
Transfers between funds (6,133) 6,133
Other recognised gains and losses
Actuarial
gains on		 defined benefit pension
schemes (237,000) (237,000)
Net movement
in funds		 (243,184) (10,918) (254,102)
Reconciliation offunds
Total funds brought forward (496,393) 97,168 (399,225)
Total funds carried forward (739,577) 86,250 (653,327)
Unrestricted Restricted Total
funds funds 2020
Note
Income and Endowments from:
Donations
and legacies		 1,900 1,900
Charitable
activities		 50,032 368,918 418,950
Total income 50,032 370,818 420,850
Expenditure
on:
Charitable
activities		 5 (109,533) (392,430) (501,963)
Total expenditure (109,533) (392,430) (501,963)
Gains/losses
on investment		 assets (656) (656)
Net expenditure (60,157) (21,612) (81,769)
Transfers between funds (1,049) 1,049
Other recognised gains and losses
Actuarial
gains on defined benefit pension
schemes 148,000 148,000
Net movement
in funds		 86,794 (20,563) 66,231

Unrestricted Restricted Total
funds funds 2020
Note
Reconciliation offunds
Total funds brought forward (583,187) 117,731 (465,456)
Total funds carried forward 16 (496,393) 97,168 (399,225)

Balance Sheet as at 31March 2021
2021 2020
Note 8
Fixed assets
Investments 24,332 20,159
Current
assets
Debtors 12 30,343 14,751
Cash at bank and in hand 13 311,961 310,663
342,304 325,414
Creditors: Amounts falling due within one year 14 (46,963) (28,798)
Net current assets 295,341 296,616
Net assets excluding pension liability 319,673 316,775
Pensioa scheme liability 15 (973,000) (716,000)
Net liabilities including pension liability (653,327) (399,225)
Funds ofthe charity:
Restricted income funds
Restricted funds 86,250 97,168
Uarestricted income funds
Unrestricted funds (739,577) (496,393)
Total funds 16 (653,327) (399,225)

Unrestricted
fuads Restricted Total
General fuads funds
Donations
and legacies;
Donations
from individuals		 1,284 1,284
Total for 2021 1,284 1,284
Total for 2020 1,900 1,900
4 Income from charitable activities
Unrestricted
funds Restricted Total
General funds funds
Contract income 12,500 197,283 209,783
Training
event income		 938 938
Project fees 14,750 43,719 58,469
Other income 745 2,520 3,265
Income from listed investments 712 712
Interest on cash deposits 131 131
Grants receivable 4,750 214,150 218,900
Total for2021 34,526 457,672 492,198
Total for 2020 100,472 318,478 418,950

5
Expendit		 ure on cha ritable
activ		 ities
Unrestricted funds Restricted Total
Desigaated General funds funds
Note f.
Charity
running		 costs 31,000 (18,316) 140,581 153,265
Depreciation,
amortisation and
other similar costs 680 5,110 5,790
Staffcosts (11,000) 33,510 329,032 351,542
Governance costs 4,140 4,140
Total for 2021 20,000 20,014 474,723 514,737
Total for 2020 22,000 87,533 392,430 501,963

Unrestricted
funds Total
General funds
Independent
examiner fees
Examination ofthe financial statements 4,140 4,140
Total for 2021 4,140 4,140
Total for 2020 4,000 4,000

the year expressed
as full time equivalents
w		 as as follows:
2021 2020
No No
Total 19 16

Furniture and
equipment Total
5,790 5,790
5,790 5,790
5,790 5,790
5,790 5,790

Other investments
Listed
investments Total
Cost orValuation
At I April 2020 20,159 20,159
Revaluation 4,173 4,173
At 31March 2021 24,332 24,332
Net book value
At 31March 2021 24,332 24,332
At 31March 2020 20,159 20,159

12 Debtors
2021 2020
Trade debtors 8,394 4,779
Accrued income 21,943 9,833
Other debtors 6 139
30,343 14,751
13 Cash and cash equivalents
2021 2020
Cash on hand 166 166
Cash at bank 311,795 310,497
311,961 310,663

14 Creditors: amounts
falling due within one		 year
2021 2020
Trade creditors 3,689 772
Other creditors 25,273 24,026
Accruals 18,001 4,000
46,963 28,798

The amo unts
recognised
in the statement		 offinancial position are as follows:
2021 2020
Fair value ofscheme assets 1,117,000 1,040,000
Present value ofdefined benefit obligation (2,090,000) (1,756,000)
Defined benefit pension scheme deficit (973,000) (716,000)
Defined benefit obligation
Changes in the defined benefit obligation are as follows:
2021
Present value at start ofyear 1,756,000
Current service cost 13,000
Interest cost 41,000
Change in financial
assumptions		 397,000
Change in demographic
assumptions		 (39,000)
Benefits paid (53,000)
Contributions
by scheme participants
Experience gain on defined benefit obligation		 3,000
~28,0002
Present value at end ofyear 2,090,000

Changes
in the fair value ofsche		 me assets are as f ollows:
2021
Fair value at start ofyear 1,040,000
Interest on assets 24,000
Return on plan assets, excluding amounts included in interest income/(expense) 93,000
Employer
contributions		 11,000
Contributions
by scheme participants		 3,000
Benefits paid (53,000)
Administration
expenses		 (1,000)
Fair value at end ofyear 1,117,000
Analysis ofassets
The major categories ofscheme assets are as follows:
2021 2020
Cash and cash equivalents 63,000 123,000
Equity instruments 652,000 587,000
Other bonds 188,000 97,000
Property 144,000 143,000
Target return portfolio 47,000 44,000
Commodities 6,000
Infrastructure 90,000 85,000
Longevity
insurance		 (67,000) (45,000)
1,117,000 1,040,000
Return on scheme assets
2021 2020
Return
on scheme assets		 117,000 (15,000)

The principal
a		 ctuar ial
 ass umptions at the statement offinancial p osition
date are		 as follows:
2021 2020
0/
Discount rate 2.00 2.35
Future salary increases 3.85 2.95
Future pension increases 2.85 1.95
RPI increases 3.25 2.75
Post retirement mortality assumptions
2021 2020
Years Years
Current UK pensioners at retirement age - male 21.00 22.00
Current UK pensioners at retirement age - female 24.00 24.00
16 Funds
Other
Salance at I Incoming Resources recognised
April 2020 resources espended Transfers gains/posses)
g g
Unrestricted
funds
General
General Fund 59,448 105,305 (89,529) (6,133)
Designated
COIF Investment 20,159 4,173
Pension Reserve (716,000) (20,000) (237,000)
Pension Liability Reserve 80,000
Contingency Reserve 60,000
(555,841) (20,000) (232,827)
Total unrestricted funds (496,393) 105,305 (109,529) (6,133) (232,827)
Restricted funds
Restricted Funds (see below) 97,168 457,672 (474,723) 6,133
Total funds (399,225) 562,977 (584,252) (232,827)

Notes to the Financial Statements for the Year Ended 31March 2021
Balance at 31
March 2021
Unrestricted
funds
General
General Fund 69,091
Designated
COIF Investment 24,332
Pension Reserve (973,000)
Pension Liability Reserve 80,000
Contingency
Reserve		 60,000
(808,668)
Total unrestricted funds (739,577)
Restricted funds
Restricted Funds (see below) 86,250
Total funds (653,327)

Notes to the Fin ancial Stateme nts
for the		 Year Ended 3 1March 202 1
Balance at
Balance atI Incoming Resources 31March
April 2020 resources expended Transfers 2021
Unrestricted
funds
Restricted funds
Advice Service (Earley
Charity) 9,972 40,102 (40,171) 9,903
Berkshire West CCG
Partnership 70 70
Social Prescribing
(Berkshire West CCG) 15,496 36,858 (46,862) 5,492
Interns 2,520 (2,593) 73
Ready Friends (Earley
Charity) 6,246 10,321 (9,612) 6,955
Supporting
Participation		 and
Engagement
(RBC)		 35,788 50,000 (57,974) 27,814
Organisational
Development
EUIC) 73,000 (76,576) 13,041 9,465
Brighter Futures for
Children (School Project) 13,041 24,684 (15,916) (7,171) 14,638
Stronger Together 8,767 (3,438) (5,885) 556
Youth Development 5,870 (5,870)
Community
Hub (RBC)		 1,918 (1,918)
Corona Response 36,238 (39,276) 3,038
Parent Employment
Wellbeing 9,555 (12,869) 3,314
NLCF Corona Recovery 77,081 (77,081)
PCN Link Workers 42,425 (40,920) 1,505
Vaccine Support 25,000 (26,069) 1,069
Census Support 3,326 (2,918) 408
Wild Being 10,000 10,000
CCG Mental Health 20,000 (20,000)
Total restricted
funds		 97,168 457,672 (474,722) 6,132 86,250

Balance at Other Balance at
1April Incoming Resources recognised 31March
2019 resources expended Transfers gains/(losses) 2020
Unrestricted funds
General 97,327 50,032 (87,533) (378) 59,448
Designated (680,514) (22,000) (671) 147,344 (555,841)
Total unrestricted funds (583,187) 50,032 (109,533) (1,049) 147,344 (496,393)
Restricted funds 117,731 370,818 (392,430) 1,049 97,168
Total funds (465,456) 420,850 (501,963) 147,344 (399,225)
Total funds at
Unrestricted funds Restricted 31March
General Designated funds 2021
Fixed asset investments 24,332 24,332
Current assets 237,164 105,140 342,304
Current liabilities (28,073) (18,890) (46,963)
Pension scheme liability (973,000) (973,000)
Total net assets 209,091 (948,668) 86,250 (653,327)
Total funds at
Unrestricted funds Restricted 31March
General Designated funds 2020
Fixed asset investments 20,159 20,159
Current assets 65,204 140,000 120,210 325,414
Current liabilities (5,755) (23,043) (28,798)
Pension scheme liability (716,000) (716,000)
Total net assets 59,449 (555,841) 97,167 (399,225)