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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 3121688 (England and Wales) REGISTERED CHARITY NUMBER: 1052456

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

FOR

COMMUNITY BASE

(A COMPANY LIMITED BY GUARANTEE)

Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grand Parade Brighton BN2 9QA

COMMUNITY BASE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

Page
Report of the Trustees 1 to 6
Report of the Independent Auditors 7 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 24
Detailed Statement of Financial Activities 25 to 26

COMMUNITY BASE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Community Base's 1995 memorandum of association states Community Base's objects as promoting "any charitable purpose for the benefit of the inhabitants of Sussex and beyond without distinction of sex, race, disability, sexuality or political, religious or other convictions by the provision of accommodation and equipment and services to charities and voluntary organisations engaged in the furthering of charitable purposes."

Since its founding, Community Base's main activity has been the provision of good quality, affordable accommodation and associated services to charities and community groups in its central Brighton building. We have also provided meeting space and a range of free information services to the local community and voluntary sector.

Community Base has been in full occupation since 1998 and has become a vital resource for the community of Brighton and Hove.

Public benefit

In shaping our objectives and planning our activities for the year, the Trustees have given consideration to the duties set out in section 17(5) of the Charities Act 2011 to have due regard to public benefit. In particular, the Trustees have considered how the planned activities will contribute to the overall aims and objectives that they have set.

The Trustees believe that the preceding paragraphs, specifically on the "Objectives and Activities" and "Achievements and Performance" for the year, relate in detail the benefit that the charity provides to the public.

Page 1

COMMUNITY BASE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

STRATEGIC REPORT Achievement and performance

Charitable activities

Community Base is a charity providing a home for, and services to, community and voluntary groups in Brighton and Hove. We use income from affordable rent and services to repay a mortgage on our seven floor building in central Brighton and meet our running costs. In 2021/22 we provided over 40 charities and community groups with accommodation and over 150 such groups with meeting space as well as 40 charitable groups with a postal address.

This year, as with all organisations, has been difficult with the post Covid landscape alongside rising energy costs and our contractors passing those costs on. Despite these challenges Community Base still manages to offer low cost office space to enable our organisations to remain financial viable as well as keeping the building well maintained, making working conditions as comfortable as possible for those on the front line of providing services for vulnerable people. There was no drop in occupancy as expected and meeting room hire is recovering well.

Improvements to the website continue to make sure that our services are accessible and the information provided clear and up to date and as a window to Community Base's values and activities.

A staff restructure was implemented both growing the team and giving a saving in staff costs.

Community Base runs four online information services - Brighton and Hove volunteer search, Brighton and Hove Job Search, Brighton and Hove service search and Brighton and Hove venue search - that help people find local volunteer opportunities, access help-lines and community services and get in touch with venues for hire Brighton & Hove Job Search is our most popular search with 1,700 subscribers to the daily jobs email.

Our reception provides information about groups at Community Base and many other matters to the general public. We publish an annual free copy of our poster guide to local services and distribute it widely across Brighton and Hove and through our reception.

Community Base became the home of Brighton Soup, which showcases small projects. These small projects could be future users of Community Base's services and helps to understand how the landscape in the sector is shifting in uncertain times.

Community Base is a truly multicultural community centre, providing a home to groups offering real help to local black and minority ethnic communities alongside groups providing services to the wider community.

The friendly, supportive environment provided by Community Base allows a wide range of groups, large and small, to work together, sharing their expertise and providing much needed services. The diversity of these services reflects the variety of local need - groups are involved with homeless people, people with learning disabilities, bereaved people, carers, volunteers, refugees, community activists, travellers and many others.

Community Base is committed to ensuring the existence of a strong, independent and diverse community and voluntary sector as an essential element of a democratic society. Community Base is also committed to reducing its carbon footprint and has reduced its energy use every year since 2005 as well as recycling as much as possible within the building.

Page 2

COMMUNITY BASE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

STRATEGIC REPORT Financial review

Financial position

The net outgoing resources for the year amounted to £18,381 (2020: outgoing £38,096)

Income increased slightly with Rental Income staying the same as last year with the same discount as last year, but room hire going up as the building reopened. Expenditure increased slightly.

All reserves are Unrestricted. Included in these are a Designated Fund of £100,000 and a Revaluation Reserve of £2,791,674. The Designated Fund is set aside as an emergency closure reserve. The Revaluation Reserve arose on the revaluation of the property in 2018. General funds now stand at £455,472. There are no Restricted funds.

Investment policy and objectives

The Trustees have considered the most appropriate policy for investing funds and are continuing to monitor the placement of funds.

Reserves policy

Community Base holds financial reserves in order to finance

It is the policy of Community Base to maintain immediately accessible reserves of between three and six months revenue expenditure.

Community Base will ensure that all budgets will allow for the building and maintenance of reserves in accordance with this policy. Community Base will review its reserves and its reserves policy at least every calendar year. Variations to this policy, for whatever reason, will be identified and recorded.

Principal risks and uncertainties

The trustees review risks to which the charity is exposed on a regular basis and take action to mitigate these risks.

Every year the trustees review Community Base's assessment of potential risks posed to development of the organisation during the next five year period. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects. To ensure consistent quality of delivery for all operational aspects of the charitable company, these procedures are periodically reviewed to ensure they conform to the Charity's stated aims.

Future plans

The Director will be looking at different ways to keep maintenance costs in check and will be working alongside the trustees on updating Community Base's strategy and business plan. There is a planned rise in the license fee in April 2023 with full consideration of the licensees and the likely funding cuts they will face. The Trustees continue to forge closer relationships with other organisations, the local council and local business.

The trustees will continue to monitor the economic landscape to inform financial decisions and activities.

Community Base remains financially viable and maintains a healthy waiting list based on its reputation for fair rents, good service and a high standard of maintenance which continues with updating furniture in the conference room and introducing a new fob access system.

Page 3

COMMUNITY BASE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Community Base is a company limited by guarantee, incorporated on 3 November 1995, number 3121688, and registered as a charity on 31 January 1996, number 1052456.

Charity constitution

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those Articles the Trustees are elected at the Annual General Meeting to serve a period of 3 years subject to ratification at each Annual General Meeting.

The Members have guaranteed to contribute a maximum of £1 each in the event of the company being wound up.

Organisational structure

The charity is run by the Board comprising the Trustees who delegate the day to day running to the Principal Officer.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

3121688 (England and Wales)

Registered Charity number

1052456

Registered office

Community Base 113/117 Queens Road Brighton East Sussex BN1 3XG

Trustees

P Evans R Gentles H Cydnie (appointed 16/11/2021)

Senior Statutory Auditor

John Thacker FCA DChA

Auditors

Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grand Parade Brighton BN2 9QA

Principal Officer Olivia Canham

Page 4

COMMUNITY BASE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Bankers

CafCash Ltd Kings Hill West Malling Kent ME19 4TA

Triodos Bank NV Deanery Road Bristol BS1 5AS

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Community Base for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Chariot House Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Page 5

COMMUNITY BASE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 19[th] December 2022 and signed on the board's behalf by:

P Evans - Trustee

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COMMUNITY BASE

Opinion

We have audited the financial statements of Community Base (the 'charitable company') for the year ended 31st March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COMMUNITY BASE

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COMMUNITY BASE

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charitable company and the industry in which it operates, and considered the risk of acts by the charitable company that were contrary to applicable laws and regulations, including fraud. We identified that the following laws and regulations are central to the charitable company:

We did not find any instances of non-compliance or breaches of the legislation framework applicable to the charitable company.

We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We identified that the following areas were of high risk:

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, UK tax legislation, Charities Act 2011 and Charities SORP 2019. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal counsel when considered necessary. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of management bias by the directors that represented a risk of material misstatement due to fr

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COMMUNITY BASE

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

John Thacker FCA DChA (Senior Statutory Auditor) for and on behalf of Chariot House Limited Chartered Accountants and Statutory Auditor 44 Grand Parade Brighton BN2 9QA

Date: 20[th] December 2022

Page 10

COMMUNITY BASE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
Premises
Provision of services
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Charitable activities
6
Premises
Administration
Financial Costs
Provision of services
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2022
Unrestricted
funds
£
400
382,632
17,305
32,000
61
-
432,398
210,146
144,816
63,532
32,285
450,779
(18,381)
3,365,527
3,347,146		 2021
Unrestricted
funds
£
1,000
352,114
21,553
24,000
230
7,690
406,587
204,549
157,129
63,429
19,576
444,683
(38,096)
3,403,623
3,365,527

The notes form part of these financial statements

Page 11

COMMUNITY BASE (REGISTERED NUMBER: 3121688)

BALANCE SHEET 31ST MARCH 2022

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
14
NET ASSETS
FUNDS
17
Unrestricted funds:
General fund
Designated Fund
Revaluation Reserve
TOTAL FUNDS		 2022
Unrestricted
funds
£
4,941,966
34,788
257,656
292,444
(168,972)
123,472
5,065,438
(1,718,292)
3,347,146
455,472
100,000
2,791,674
3,347,146
3,347,146		 2021

Unrestricted
funds
£
5,001,815
126,743
271,735
398,478
(268,353)
130,125
5,131,940
(1,766,413)
3,365,527
445,320
100,000
2,820,207
3,365,527
3,365,527

The financial statements were approved by the Board of Trustees and authorised for issue on 19[th] December 2022 and were signed on its behalf by:

P Evans - Trustee

The notes form part of these financial statements

Page 12

COMMUNITY BASE

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MARCH 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 2022
£
4,366
4,366
(18,506)
61
(18,445)
(14,079)
271,735
257,656		 2021
£
66,774
66,774
(89,180)
230
(88,950)
(22,176)
293,911
271,735

The notes form part of these financial statements

Page 13

COMMUNITY BASE

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2022

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
2022 2021
£ £
Net expenditure for the reporting period (as per the Statement of
Financial Activities) (18,381) (38,096)
Adjustments for:
Depreciation charges 78,357 74,342
Interest received (61) (230)
Decrease/(increase) in debtors 91,955 (82,748)
(Decrease)/increase in creditors (147,504) 113,506
Net cash provided by operations 4,366 66,774
ANALYSIS OF CHANGES IN NET DEBT
At 1/4/21 Cash flow At 31/3/22
£ £ £
Net cash
Cash at bank and in hand 271,735 (14,079) 257,656
271,735 (14,079) 257,656
Debt
Debts falling due within 1 year (105,960) 494 (105,466)
Debts falling due after 1 year (1,766,413) 48,121 (1,718,292)
(1,872,373) 48,615 (1,823,758)
Total (1,600,638) 34,536 (1,566,102)

2. ANALYSIS OF CHANGES IN NET DEBT

The notes form part of these financial statements

Page 14

COMMUNITY BASE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, which includes taking into account any potential impact of the COVID-19 pandemic, and on that basis the charity is considered to be a going concern.

Income

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Grants including grants for the purchase of fixed assets are recognised in full in the Statement of Financial Activities in the year in which they are receivable.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is shown separately.

Tangible fixed assets

Depreciation is calculated on a straight line basis.

Depreciation is provided to write down the cost or valuation less estimated residual values of tangible fixed assets over their estimated useful lives at annual rates of :

Items of equipment are capitalised where the purchase price exceeds £500.

Recognition and measurement

Fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

continued...

Page 15

COMMUNITY BASE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

1. ACCOUNTING POLICIES - continued

Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Taxes purposes. Accordingly the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund accounting

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.

Pensions

The pension cost charge represents the contributions payable by the company to the employees' pension schemes.

Leases

Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged on a straight-line basis over the lease term.

2. DONATIONS AND LEGACIES

2022 2021
£ £
Grants 400 1,000
Grants received, included in the above, are as follows:
2022 2021
£ £
Chalk Cliff Trust - 1,000
Brighton and Hove City Council 400 -
400 1,000

continued...

Page 16

COMMUNITY BASE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

3.
OTHER TRADING ACTIVITIES
Advertising
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Rental Income
Premises
Room Hire
Premises
Storage
Premises
Parking
Premises
Recharge of services
Provision of services
6.
CHARITABLE ACTIVITIES COSTS
Premises
Administration
Financial Costs
Provision of services		 2022
2021
£
£
32,000
24,000
2022
2021
£
£
61
230
2022
2021
£
£
335,923
330,062
29,667
5,560
433
587
16,609
15,905
17,305
21,553
399,937
373,667
Direct
Costs (see
note 7)
£
210,146
144,816
63,532
32,285
450,779

continued...

Page 17

COMMUNITY BASE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

7. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Light and Heat
Cleaning and Recycling
Rates and Water
Building Maintenance
Service Contracts
Insurance
Administration and Services
Telephone, Copying and Postage Services
Sundry Expenses
Irrecoverable VAT
Legal and professional
Bookkeeping
Mortgage interest
Auditor's fee
Depreciation		 2022
£
108,638
43,367
16,323
1,254
59,365
11,096
9,546
14,162
28,067
2,037
13,093
1,942
6,809
53,423
3,300
78,357
450,779		 2021
£
99,658
33,204
8,990
3,897
83,843
11,419
9,223
8,801
20,354
1,678
24,852
993
6,332
53,397
3,700
74,342
444,683

8.

NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2022 2021
£ £
Depreciation - owned assets 78,355 74,342
Auditor's fee - audit services 2,300 2,700
Auditor's fee - non audit services 1,000 1,000

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.

continued...

Page 18

COMMUNITY BASE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

10.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Average
No employees received emoluments in excess of £60,000.
Average number of employees on a Full Time equivalent basis was 3 (2021: 3).
Key management personnel remuneration amounted to £44,176 (2021: £43,157).
11.
TANGIBLE FIXED ASSETS
Freehold
land
£
COST
At 1st April 2021
1,717,000
Additions
-
At 31st March 2022
1,717,000
DEPRECIATION
At 1st April 2021
-
Charge for year
-
At 31st March 2022
-
NET BOOK VALUE
At 31st March 2022
1,717,000
At 31st March 2021
1,717,000		 2022
£
101,371
3,245
4,022
108,638
2022
4
Property
and
improvement
£
3,466,722
2,980
3,469,702
209,777
73,346
283,123
3,186,579
3,256,945		 2021
£
92,071
3,208
4,379
99,658
2021
5
Electronic
Equipment
£
96,719
1,210
97,929
96,719
-
96,719
1,210
-

continued...

Page 19

COMMUNITY BASE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

11. TANGIBLE FIXED ASSETS - continued

COST
At 1st April 2021
Additions
At 31st March 2022
DEPRECIATION
At 1st April 2021
Charge for year
At 31st March 2022
NET BOOK VALUE
At 31st March 2022
At 31st March 2021		 Fixtures
and
fittings
£
44,927
-
44,927
42,935
995
43,930
997		 Computer
equipment
£
25,878
14,316
40,194
-
4,014
4,014
36,180		 Totals
£
5,351,246
18,506
5,369,752
349,431
78,355
427,786
4,941,966
1,992 25,878 5,001,815

The Freehold Land and Building was re-valued in December 2018 by Flude Commercial, Chartered Surveyors , and this value was included in the accounts for the year ended 31 March 2019.

The historical cost of Freehold Land and Building, originally purchased in 1998 for £699,467, is £2,144,196.

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Debtors arising on direct
activities
Prepayments		 2022
£
13,480
21,308
34,788		 2021
£
105,383
21,360
126,743

continued...

Page 20

COMMUNITY BASE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 15)
Creditors arising on direct activities
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 15)
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans payable after more 5 years by instalments		 Bank loans and overdrafts (see note 15)
Creditors arising on direct activities
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 15)
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans payable after more 5 years by instalments		 2022
£
105,466
20,871
1,211
1,484
28,016
11,924
168,972

2022
£
1,718,292
2022
£
105,466
422,613
1,295,679		 2022
£
105,466
20,871
1,211
1,484
28,016
11,924
168,972

There are 3 bank loans in place, 2 of which are scheduled to be repaid in 2032, and 1 in 2039.

continued...

Page 21

COMMUNITY BASE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

16. SECURED DEBTS

The following secured debts are included within creditors:

Bank loans
The loans are secured by legal charges over the property.		 2022
£
1,823,758		 2021
£
1,872,373

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated Fund
Revaluation Reserve
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Revaluation Reserve
TOTAL FUNDS		 At 1/4/21
£
445,320
100,000
2,820,207
3,365,527
3,365,527
Incoming
resources
£
432,398
-
432,398
432,398		 Net
movement
in funds
£
10,152
-
(28,533)
(18,381)
(18,381)
Resources
expended
£
(422,246)
(28,533)
(450,779)
(450,779)		 At
31/3/22
£
455,472
100,000
2,791,674
3,347,146
3,347,146
Movement
in funds
£
10,152
(28,533)
(18,381)
(18,381)

continued...

Page 22

COMMUNITY BASE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Fund
Revaluation Reserve
TOTAL FUNDS		 At 1/4/20
£
454,884
100,000
2,848,739
3,403,623
3,403,623		 Net
movement
in funds
£
(9,564)
-
(28,532)
(38,096)
(38,096)		 At
31/3/21
£
445,320
100,000
2,820,207
3,365,527
3,365,527

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Revaluation Reserve
TOTAL FUNDS		 Incoming
resources
£
406,587
-
406,587
406,587		 Resources
Movement
expended
in funds
£
£
(416,151)
(9,564)
(28,532)
(28,532)
(444,683)
(38,096)
(444,683)
(38,096)

The Designated Fund is set aside as an emergency closure reserve. The Revaluation Reserve arose on the revaluation of the property in 2018.

18. RELATED PARTY DISCLOSURES

The following current or former Trustees have the following relationship with Community Base:

Employees of tenants of Community Base :

Paul Evans - NHS Support Federation.

Sarah Archer - Assert

Partner is an employee of a tenant of Community Base

Robert Gentles - Friends Families and Travellers

continued...

Page 23

COMMUNITY BASE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

19. COMPANY LIMITED BY GUARANTEE

The Charity has no share capital but instead is limited by guarantee, each member being committed to contribute a maximum of £1 in the event of a winding up during the time that they are members or within 12 months afterwards.

Page 24