**REGISTERED COMPANY NUMBER: 3166663 (England and Wales) REGISTERED CHARITY NUMBER: 1058425**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021**
## **FOR**
**PARK HALL COMMUNITY ASSOCIATION (A COMPANY LIMITED BY GUARANTEE)**
Wallace Crooke Walsall Limited Chartered Accountants Wallace House 20 Birmingham Road Walsall West Midlands WS1 2LT
**PARK HALL COMMUNITY ASSOCIATION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Statement of Financial Position**|7|to|8|
|**Notes to the Financial Statements**|9|to|16|
|**Detailed Statement of Financial Activities**||17||
**PARK HALL COMMUNITY ASSOCIATION**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 MARCH 2021**
**TRUSTEES** Mr S Cooke Mr S C Smith Mrs D I Cooke Mrs S M Howles Mr M Litherland **REGISTERED OFFICE** 22 Glen Close Walsall West Midlands WS4 2EL
**REGISTERED COMPANY** 3166663 (England and Wales) **NUMBER REGISTERED CHARITY** 1058425 **NUMBER INDEPENDENT EXAMINER** Wallace Crooke Walsall Limited Chartered Accountants Wallace House 20 Birmingham Road Walsall West Midlands WS1 2LT
-1-
## **PARK HALL COMMUNITY ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2021**
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 30 March 2021. 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**
The Association's objectives are to focus on the provision of activities the local and wider area, to encourage participation in educational, leisure and recreational activities in a safe, friendly environment outside of the home. The Association offers a range of courses and activities aimed to broaden the skills and achievements of participants.
The Association also offers support to people with a range of mental health problems, including Art, Craft and Gardening groups and Friendship Circle. Two members of staff have successfully completed a Mental Health First Aid course. Community volunteers offer support in the setting. Referrals to the programme come from Adult Social Care, Health Practitioners and Age UK.
The following strategies enable the Association to meet its objectives:
The Association's programme is published annually. It is distributed locally as well as in the wider area and is included in the annual Walsall Community Network publication.
Surveys, programme reviews, verbal feedback and conversations with service users help to influence and inform the programme and the future planning. New ideas and suggestions are welcomed and acted upon if possible.
Special interest classes and community activities aim to balance self funding with an affordable charging policy, supplemented by regular fundraising events.
External funding opportunities are identified to support the current and growing programme. The Association works closely with the Walsall Consortium of Community Associations and Walsall MBC which contributes £11,000 per annum towards programme delivery. In addition, officers from the community support team offer regular, ongoing advice and support to the Association.
## **Volunteers**
The Directors/Trustees of Park Hall Community Association are all volunteers drawn from the local community, local business professionals and service user groups.
The Association benefits from the work of volunteers who regularly support activities and offer their help in various ways, such as, delivering leaflets, transport, befriending services and help with shopping etc. A number of volunteers have completed their Food Hygiene Certificate and help with catering for Lunch Clubs and Afternoon Teas.
The help and support of volunteers is invaluable to support delivery of the C.A's programme.
-2-
## **PARK HALL COMMUNITY ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2021**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Park Hall Community Association was established more than 40 years ago. (Incorporated in 1966)
The Association benefits from the support of loyal service users, hard working staff and a strong management committee. Walsall MBC and its officers offer a high level of support to the association as have members of the Walsall Consortium of Community Associations. The programme offers a wide range of special interest class and courses with a strong focus on health and well-being, including its activities focussed on people with mental health problems.
In terms of SROI (Social Return on Investment) the association has achieved much, by engaging service users in activities outside the home, by helping people to learn new skills, to build new friendships, encouraging shared interests and helping to combat social isolation and loneliness, particularly in the 60 plus age range. These activities offer value for money and deliver significant benefits to the community that may not otherwise be possible.
Due to the outbreak of covid in March 2020, the activities have been severely effected by lockdown. The users tend be more elderly and vulnerable and there has been a reluctance to attend the classes and courses that the programme provides. In response a meals on wheels programme was set up with the help of funding from Walsall MBC to try and minimise the effects of covid and isolation in the community.
The Association continues to play an important part in the health and well-being of its many service users who value the activities and enrichment it brings to the lives of local residents and the wider Walsall community.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The main funding sources come from Walsall MBC through the Community Grant scheme and income generated from activities in line with the charitable objectives.
Funding has been effected by Covid, in normal times, the Association seeks to maximise income from maintaining and increasing recruitment to classes, continuing with fund-raising activities, such as Quiz Nights, Craft Fairs, Slimming Club and Community Choir, which has been not been possible this year.
The association continues to work with organisations to attract additional funding and with other partner organisations, in line with the needs of the community.
## **Going concern**
Trustees have a reasonable expectation that by careful management of core costs, maximising income from courses and activities and subject to continued grant support from Walsall MBC , there are meagre but adequate resources to continue in the medium term.
## **FUTURE PLANS**
Walsall MBC has approved funding for new premises and has shown its commitment to Park Hall C.A. through its inclusion in the Community Grant programme, plus additional top-up funding to give additional support in the short term.
The Association will benefit from new premises which will enable a broader programme of events and allow it to attract additional income through room hire and larger group activities.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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## **PARK HALL COMMUNITY ASSOCIATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **The Association**
The Association 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'.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr S Cooke
Mr S C Smith Mrs S M Howles Mrs D I Cooke Mr M Litherland
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event winding up.
## **Organisational structure**
Park Hall Community Association has a management committee of 5, who meet termly or more frequently if required. They are responsible for monitoring the performance and strategic direction of the Association. Mrs. Barbara McCracken (Community Manager) sits on the committee but has no voting rights. She reports to the committee and has overall responsibility for the day to day programme, management of staff and she ensures that activities are conducted in line with legislation and good practice.
## **Appointment of Management Committee**
The Directors of the Association are also Trustees for the purpose of charity law and under the company's articles are known as the Management Committee. Members are elected to serve for a period of 3 years, after which their term of office comes to an end. They may wish to offer themselves for re-election at the next Annual General meeting. Committee members are drawn from local residents, local business professionals and representatives from service users. Prior to the A.G.M. a general invitation is issued to service users and to the wider community.
## **Related parties**
The Association continues to be supported by Walsall Council to provide community services aimed at benefitting local residents and the winder community. The Association is a member of the Walsall community Network, which meets monthly and works closely with other groups and providers in the Walsall South Area.
Approved by order of the board of trustees on 17 March 2022 and signed on its behalf by:
Mr S Cooke - Trustee
-4-
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PARK HALL COMMUNITY ASSOCIATION**
## **Independent examiner's report to the trustees of Park Hall Community Association ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 March 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Richard Smallwood FCCA Wallace Crooke Walsall Limited Chartered Accountants Wallace House 20 Birmingham Road Walsall West Midlands WS1 2LT
17 March 2022
-5-
## **PARK HALL COMMUNITY ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 MARCH 2021**
|Unrestricted
Restricted
fund
fund
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4
4,999
18,565
**Charitable activities**
Charitable Acitivities
438
-
Support costs
-
-
Investment income
5
1
-
Other income
15,716
-
**Total**
21,154
18,565
**EXPENDITURE ON**
**Charitable activities**
7
Charitable Costs
4,045
18,565
Support costs
10,703
-
**Total**
14,748
18,565
**NET INCOME**
6,406
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
3,727
-
**TOTAL FUNDS CARRIED FORWARD**
10,133
-|2021
Total
funds
£
23,564
438
-
1
15,716
39,719
22,610
10,703
33,313
6,406
3,727
10,133|2020
Total
funds
£
27,063
25,860
5,937
3
-
58,863
37,414
15,608
53,022
5,841
(2,114)
3,727|
|---|---|---|
The notes form part of these financial statements
-6-
## **PARK HALL COMMUNITY ASSOCIATION**
## **STATEMENT OF FINANCIAL POSITION 30 MARCH 2021**
|Unrestricted
Restricted
fund
fund
Notes
£
£
**FIXED ASSETS**
Tangible assets
13
2,240
-
**CURRENT ASSETS**
Debtors
14
8,963
-
Cash at bank and in hand
4,624
-
13,587
-
**CREDITORS**
Amounts falling due within one year
15
(5,694)
-
**NET CURRENT ASSETS**
7,893
-
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
10,133
-
**NET ASSETS/(LIABILITIES)**
10,133
-
**FUNDS**
16
Unrestricted funds
**TOTAL FUNDS**|2021
Total
funds
£
2,240
8,963
4,624
13,587
(5,694)
7,893
10,133
10,133
10,133
10,133|2020
Total
funds
£
2,800
6,463
665
7,128
(6,201)
927
3,727
3,727
3,727
3,727|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
-7-
**PARK HALL COMMUNITY ASSOCIATION**
## **STATEMENT OF FINANCIAL POSITION - continued 30 MARCH 2021**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 17 March 2022 and were signed on its behalf by:
Mr S Cooke - Trustee
Mr S C Smith - Trustee
The notes form part of these financial statements
-8-
**PARK HALL COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021**
## **1. CHARITY INFORMATION**
Park Hall Community Association is a private charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered office address can be found on the Company Information page.
## **2. 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.
The Association's financial statements are presented in Sterling and all values are rounded to the nearest pound.
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
Income is recognised when the Association is legally entitled to it after any performance conditions have been met the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Association has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds or covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Association has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Grant income from local authorities is recognised as it is received.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% reducing balance Fixtures and fittings - 25% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
continued...
-9-
**PARK HALL COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021**
## **2. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Association.
## **Financial instruments**
The Association has elected to apply the provisions of Section 11 'Basics Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recongised in the Association's balance sheet when the Association becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **Basic financial assets**
Basic financial assets, which include debtors and cash and bank balances, are initially measured at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amoritised.
## **Basic financial liabilities**
Basic financial liabilities, including creditors and bank loans are initially measured at the transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amoritised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transactions price and subsequently measured at amortised cost using the effective interest method.
## **Derecognition of financial liabilities**
Financial liabilities are derecognised when the Association's contractual obligations expire or are discharged or cancelled.
## **Employee Benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the Association is demonstrably committed to terminate the employment of an employee or to provide termination details.
continued...
-10-
**PARK HALL COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021**
## **3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY**
In the application of the Association's accounting policies, the Trustees are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised were the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.
## **4. DONATIONS AND LEGACIES**
|Donations
Grants
**5.**
**INVESTMENT INCOME**
Interest receivable
**6.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Recreational classes
Charitable Acitivities
Playgroup
Charitable Acitivities
Hire of premises
Charitable Acitivities
Sundries
Charitable Acitivities
Sundries
Support costs
**7.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs (see
note 8)
£
Charitable Costs
22,610
Support costs
-
22,610|2021
£
-
23,564
23,564
2021
£
1
2021
£
322
-
116
-
-
438
Support
costs
£
-
10,703
10,703|2020
£
387
26,676|2020
£
387
26,676|
|---|---|---|---|
|||27,063||
|||2020
£
3
2020
£
19,504
1,128
4,561
667
5,937|2020
£
3|
|||31,797||
|||Totals
£
22,610
10,703||
|||33,313||
continued...
-11-
**PARK HALL COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021**
|**8.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Classes
Event Expenses
**9.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
**10.**
**TRUSTEES' REMUNERATION AND BENEFITS**|2021
£
20,781
-
1,829
22,610
2021
£
560|2020
£
33,834
2,492
1,088|2020
£
33,834
2,492
1,088|
|---|---|---|---|
|||37,414||
||||2020
£
700|
|||||
There were no trustees' remuneration or other benefits for the year ended 30 March 2021 nor for the year ended 30 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 March 2021 nor for the year ended 30 March 2020.
## **11. STAFF COSTS**
|Wages and salaries
The average monthly number of employees during the year was as follows:
Directors
Employees|2021
£
20,781
20,781
2021
5
2
7|2020
£
33,834|
|---|---|---|
|||33,834|
|||2020
5
13
18|
No employees received emoluments in excess of £60,000.
continued...
-12-
## **PARK HALL COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021**
|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
387
**Charitable activities**
Charitable Acitivities
25,860
Support costs
5,937
Investment income
3
**Total**
32,187
**EXPENDITURE ON**
**Charitable activities**
Charitable Costs
10,738
Support costs
15,608
**Total**
26,346
**NET INCOME**
5,841
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
(2,114)
**TOTAL FUNDS CARRIED FORWARD**
3,727
**13.**
**TANGIBLE FIXED ASSETS**
Improvements
to
property
£
**COST**
At 31 March 2020 and 30 March 2021
3,500
**DEPRECIATION**
At 31 March 2020
700
Charge for year
560
At 30 March 2021
1,260
**NET BOOK VALUE**
At 30 March 2021
2,240
At 30 March 2020
2,800|Restricted
fund
£
26,676
-
-
-
26,676
26,676
-
26,676
-
-
-
Fixtures
and
fittings
£
11,876
11,876
-
11,876
-
-|Total
funds
£
27,063
25,860
5,937
3
58,863
37,414
15,608
53,022
5,841
(2,114)
3,727
Totals
£
15,376
12,576
560
13,136
2,240
2,800|
|---|---|---|
continued...
-13-
## **PARK HALL COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021**
## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**14.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|---|---|---|---|---|
||||2021|2020|
||||£|£|
||Other debtors||8,963|6,463|
|**15.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||2021|2020|
||||£|£|
||Social security and other taxes||2,919|1,400|
||Accruals and deferred income||2,775|4,801|
||||5,694|6,201|
|**16.**|**MOVEMENT IN FUNDS**||||
||||Net||
|||At|movement|At|
|||31/3/20|in funds|30/3/21|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|3,727|6,406|10,133|
||**TOTAL FUNDS**|3,727|6,406|10,133|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|21,154|(14,748)|6,406|
||**Restricted funds**||||
||Restricted funds|18,565|(18,565)|-|
||**TOTAL FUNDS**|39,719|(33,313)|6,406|
||**Comparatives for movement in funds**||||
||||Net||
|||At|movement|At|
|||31/3/19|in funds|30/3/20|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|(2,114)|5,841|3,727|
||**TOTAL FUNDS**|(2,114)|5,841|3,727|
continued...
-14-
## **PARK HALL COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|32,187|(26,346)|5,841|
|**Restricted funds**||||
|Restricted funds|26,676|(26,676)|-|
|**TOTAL FUNDS**|58,863|(53,022)|5,841|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
||At|movement|At|
||31/3/19|in funds|30/3/21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|(2,114)|12,247|10,133|
|**TOTAL FUNDS**|(2,114)|12,247|10,133|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|53,341|(41,094)|12,247|
|**Restricted funds**||||
|Restricted funds|45,241|(45,241)|-|
|**TOTAL FUNDS**|98,582|(86,335)|12,247|
continued...
-15-
**PARK HALL COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021**
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 March 2021.
-16-
## **PARK HALL COMMUNITY ASSOCIATION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 MARCH 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Investment income**
Interest receivable
**Charitable activities**
Recreational classes
Playgroup
Hire of premises
Sundries
**Other income**
Furlough Grants
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Classes
Event Expenses
**Support costs**
**Management**
Accountancy
Light and heat
Rent, rates & insurance
Telephone, postage, printing, stationary
and advertising
Bank charges
Sundries
Repairs & renewals
Depreciation
Total resources expended
**Net income**|2021
£
-
23,564
23,564
1
322
-
116
-
438
15,716
39,719
20,781
-
1,829
22,610
5,392
1,531
149
2,722
2
10
337
560
10,703
33,313
6,406|2020
£
387
26,676|
|---|---|---|
|||27,063
3
19,504
1,128
4,561
6,604|
|||31,797
-|
|||58,863
33,834
2,492
1,088|
|||37,414
5,534
1,210
1,357
3,512
52
1,217
2,026
700|
|||15,608|
|||53,022|
|||5,841|
This page does not form part of the statutory financial statements
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