COMPANY REGISTRATION NUMBER: 02027732 CHARITY REGISTRATION NUMBER: 1062163
Hartlepool People Limited Company Limited by Guarantee Unaudited Financial Statements
31 March 2021
CENSIS
Chartered accountants Exchange Building 66 Church Street Hartlepool TS24 7DN
Hartlepool People Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2021
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 18 |
| Notes to the detailed statement of financial activities | 20 |
Hartlepool People Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2021
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2021.
Reference and administrative details
Registered charity name Hartlepool People Limited Charity registration number 1062163 Company registration number 02027732 Principal office and registered Hartlepool People Centre office Raby Road Hartlepool TS24 8AH The trustees J A Dinning C McLoughlin J Wilson G Lathan Company secretary L J Craddy Independent examiner Censis Exchange Building 66 Church Street Hartlepool TS24 7DN
1
Hartlepool People Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2021
Structure, governance and management
The charity is constituted as a company limited by guarantee, and is therefore governed by its Memorandum and Articles of Association.
The Recruitment and Appointment of new Trustees
Trustees are elected from the membership at the annual general meeting.
The Induction and Training of Trustees
New trustees undergo an induction to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles, the Management Board and decision making processes, the business plan and the recent financial performance of the charity. During this induction day they meet the staff and other trustees. Trustees are encouraged to attend appropriate training events which will facilitate efficiency and effectiveness in undertaking their roles.
The Organisational Structure of the Charity
The Management Board is made up of at least 3 and not more than 10 trustees. It meets bi monthly and is responsible for providing strategic direction to the charity. A project manager is appointed by the Board to manage the day to day operations of the charity.
Risk Management
The trustees have identified the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that essential action is taken to minimise those risks.
A risk management plan has been introduced as part of the formal risk management process in order to assess organisational risk and implement appropriate strategies. The plan takes into account the types of risk faced by the charity, prioritising them in terms of impact and likelihood of occurrence, and identifying means of mitigating the risks.
Objectives and activities
The charity's object and its principal activity is that of providing low cost social recreational and educational activities for people in the Hartlepool area.
In planning our activities for the year we kept in mind the Charity Commission's guidance on public benefit at our trustee meetings.
The focus of our activities remain the provision of low cost social, recreational and educational activities. The charity achieves this by providing low cost room hire and lots of recreational classes. All facilities are frequently used by the people in the Hartlepool area.
Having purchased the property from which the charity operates the trustees consider that they have secured the building for the public, who greatly benefit from the use of its facilities. The property was previously owned by the local authority who charged an annual rent for the use of the premises. With the assistance of grant funding and a low interest rate mortgage from Hartlepool Revival Ltd, the building was purchased for £150,000.
2
Hartlepool People Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2021
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The People's Centre has been closed for the majority of the year due to the COVID pandemic. The centre has now reopened, we shall continue to provide education, leisure and specialised services to thousands of people per year, either directly or in partnership with other statutory and voluntary agencies. We provide support to victims of crime, and to those who have been affected by rape and abuse. We are a social outlet for those living in isolation, those whose families have grown up, moved away or are bereaved. We offer a lifeline of support and company to many people with low confidence or self-esteem, or who are educationally or emotionally challenged.
Financial review
The statement of financial activities shows a deficit for the year of £10,722.
Restricted reserves amount to £745,873 (that is those funds committed to projects). Included in restricted reserves are Building and fixed assets to the value of £739,501.
The unrestricted funds of the charity at 31 March 2021 amounted to £234,344 of which free reserves (that is those not tied up in fixed assets) amount to £94,209.
Reserve Policy
The trustees have examined the requirement for free reserves, whilst the current level of reserves may prove sufficient, it is the trustees' view that it is prudent to ensure that there are sufficient free reserves at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover support costs, management and administration, plus any redundancy costs in the event the centre closes. The reserves also need to be adequate to respond to emergency applications for grants which arise from time to time.
The trustees' annual report and the strategic report were approved on 30 November 2021 and signed on behalf of the board of trustees by:
C McLoughlin Trustee
3
Hartlepool People Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Hartlepool People Limited
Year ended 31 March 2021
I report to the trustees on my examination of the financial statements of Hartlepool People Limited ('the charity') for the year ended 31 March 2021.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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
-
the financial statements 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.
Independent Examiner
Exchange Building 66 Church Street Hartlepool TS24 7DN
- 1 December 2021
4
Hartlepool People Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 39,977 | 35,769 | 75,746 | 7,210 |
| Charitable activities | 6 | 39,618 | – | 39,618 | 69,753 |
| Investment income | 7 | 13 | – | 13 | 89 |
| | | | | ||
| Total income | 79,608 | 35,769 | 115,377 | 77,052 | |
| | | | | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8 | 56,669 | 47,986 | 104,655 | 97,805 |
| | | | | ||
| Total expenditure | 56,669 | 47,986 | 104,655 | 97,805 | |
| | | | | ||
| | | | | ||
| Net income/(expenditure) and net | |||||
| movement in funds | 22,939 | (12,217) | 10,722 | (20,753) | |
| | | | | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 211,405 | 758,090 | 969,495 | 990,248 | |
| | | | | ||
| Total funds carried forward | 234,344 | 745,873 | 980,217 | 969,495 | |
| | | | |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 16 form part of these financial statements.
5
Hartlepool People Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 879,636 | 902,748 |
| Current assets | |||
| Debtors | 14 | 1,845 | 12,301 |
| Cash at bank and in hand | 100,327 | 55,658 | |
| | | ||
| 102,172 | 67,959 | ||
| Creditors: amounts falling due within one year | 15 | 1,591 | 1,212 |
| | | ||
| Net current assets | 100,581 | 66,747 | |
| | | ||
| Total assets less current liabilities | 980,217 | 969,495 | |
| | | ||
| Net assets | 980,217 | 969,495 | |
| | | ||
| Funds of the charity | |||
| Restricted funds | 745,873 | 758,090 | |
| Unrestricted funds | 234,344 | 211,405 | |
| | | ||
| Total charity funds | 18 | 980,217 | 969,495 |
| | |
For the year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 30 November 2021, and are signed on behalf of the board by:
C McLoughlin Trustee
The notes on pages 8 to 16 form part of these financial statements.
6
Hartlepool People Limited
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income/(expenditure) | 10,722 | (20,753) |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 23,112 | 23,112 |
| Government grant income | (31,916) | – |
| Other interest receivable and similar income | (13) | (89) |
| Changes in: | ||
| Trade and other debtors | 10,456 | 2,175 |
| Trade and other creditors | 379 | 142 |
| | | |
| Cash generated from operations | 12,740 | 4,587 |
| Interest received | 13 | 89 |
| | | |
| Net cash from operating activities | 12,753 | 4,676 |
| | | |
| Cash flows from financing activities | ||
| Government grant income | 31,916 | – |
| | | |
| Net cash from financing activities | 31,916 | – |
| | | |
| Net increase in cash and cash equivalents | 44,669 | 4,676 |
| Cash and cash equivalents at beginning of year | 55,658 | 50,982 |
| | | |
| Cash and cash equivalents at end of year | 100,327 | 55,658 |
| | |
The notes on pages 8 to 16 form part of these financial statements.
7
Hartlepool People Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2021
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Hartlepool People Centre, Raby Road, Hartlepool, TS24 8AH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
8
Hartlepool People Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
9
Hartlepool People Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 5% straight line Fixtures and fittings - 25% straight line
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
10
Hartlepool People Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Defined contribution plans (continued)
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
Hartlepool People Limited is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 2,061 | – | 2,061 |
| Grants | |||
| The National Lottery Covid Funding | – | 35,769 | 35,769 |
| Sir James Knott Trust | 5,000 | – | 5,000 |
| Hadrian Trust | 1,000 | – | 1,000 |
| Government grant income | 31,916 | – | 31,916 |
| | | | |
| 39,977 | 35,769 | 75,746 | |
| | | | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 845 | – | 845 |
| Dennis Dowen | 500 | – | 500 |
| Lloyds Bank | 615 | – | 615 |
| Grants | |||
| Coulthurst Trust | 250 | – | 250 |
| The William Leech Charity | 2,000 | – | 2,000 |
| The 29th 1961 May Charitable Trust | 3,000 | – | 3,000 |
| | | | |
| 7,210 | – | 7,210 | |
| | | |
11
Hartlepool People Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
6. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Room hire - footprints | 30,469 | 30,469 | 30,370 | 30,370 |
| Room hire | 8,562 | 8,562 | 39,383 | 39,383 |
| Other | 587 | 587 | – | – |
| | | | | |
| 39,618 | 39,618 | 69,753 | 69,753 | |
| | | | |
7. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Bank interest received | 13 | 13 | 89 | 89 |
| | | | |
12
Hartlepool People Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
8. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| General Fund | 56,669 | – | 56,669 | |
| Freehold Property Fund | – | 18,589 | 18,589 | |
| National Lottery Covid Support | – | 29,397 | 29,397 | |
| | | | ||
| 56,669 | 47,986 | 104,655 | ||
| | | | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| General Fund | 79,216 | – | 79,216 | |
| Freehold Property Fund | – | 18,589 | 18,589 | |
| | | | ||
| 79,216 | 18,589 | 97,805 | ||
| | | | ||
| 9. | Net income/(expenditure) | |||
| Net income/(expenditure) is stated after charging/(crediting): | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 23,112 | 23,112 | ||
| | | |||
| 10. | Independent examination fees | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 960 | 840 | ||
| | | |||
| 11. | Staff costs |
The average head count of employees during the year was 3 (2020: 3). The average number of full-time equivalent employees during the year is analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Charitable activities | 2 | 2 |
| Management | 1 | 1 |
| | | |
| 3 | 3 | |
| | |
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
13
Hartlepool People Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Tangible fixed assets
| Freehold | Fixtures and | |||
|---|---|---|---|---|
| property | fittings | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2020 and 31 March 2021 | 1,139,406 | 63,900 | 1,203,306 | |
| | | | ||
| Depreciation | ||||
| At 1 April 2020 | 237,630 | 62,928 | 300,558 | |
| Charge for the year | 22,788 | 324 | 23,112 | |
| | | | ||
| At 31 March 2021 | 260,418 | 63,252 | 323,670 | |
| | | | ||
| Carrying amount | ||||
| At 31 March 2021 | 878,988 | 648 | 879,636 | |
| | | | ||
| At 31 March 2020 | 901,776 | 972 | 902,748 | |
| | | | ||
| 14. | Debtors | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Trade debtors | 1,845 | 12,301 | ||
| | | |||
| 15. | Creditors: amounts falling due within one year | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Accruals and deferred income | 1,035 | 1,035 | ||
| Social security and other taxes | 325 | 92 | ||
| Other creditors | 231 | 85 | ||
| | | |||
| 1,591 | 1,212 | |||
| | |
16. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £522 (2020: £462).
14
Hartlepool People Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
17. Government grants
The amounts recognised in the financial statements for government grants are as follows:
2021 2020 £ £ Recognised in income from donations and legacies: – Government grants income 31,916
18. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At 31 March | |||
| 1 April 2020 | Income | Expenditure | 2021 | |
| £ | £ | £ | £ | |
| General funds | 211,405 | 79,608 | (56,669) | 234,344 |
| | | | | |
| At | At 31 March | |||
| 1 April 2019 | Income | Expenditure | 2020 | |
| £ | £ | £ | £ | |
| General funds | 213,569 | 77,052 | (79,216) | 211,405 |
| | | | | |
| Restricted funds | ||||
| At | At 31 March | |||
| 1 April 2020 | Income | Expenditure | 2021 | |
| £ | £ | £ | £ | |
| Freehold Property Fund | 758,090 | – | (18,589) | 739,501 |
| National Lottery Community Covid | – | 35,769 | (29,397) | 6,372 |
| | | | | |
| 758,090 | 35,769 | (47,986) | 745,873 | |
| | | | | |
| At | At 31 March | |||
| 1 April 2019 | Income | Expenditure | 2020 | |
| £ | £ | £ | £ | |
| Freehold Property Fund | 776,679 | – | (18,589) | 758,090 |
| National Lottery Community Covid | – | – | – | – |
| | | | | |
| 776,679 | – | (18,589) | 758,090 | |
| | | | |
15
Hartlepool People Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
19. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Tangible fixed assets | 140,135 | 739,501 | 879,636 | |
| Current assets | 95,800 | 6,372 | 102,172 | |
| Creditors less than 1 year | (1,591) | – | (1,591) | |
| | | | ||
| Net assets | 234,344 | 745,873 | 980,217 | |
| | | | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| Tangible fixed assets | 144,658 | 758,090 | 902,748 | |
| Current assets | 67,959 | – | 67,959 | |
| Creditors less than 1 year | (1,212) | – | (1,212) | |
| | | | ||
| Net assets | 211,405 | 758,090 | 969,495 | |
| | | | ||
| 20. | Analysis of changes in net debt | |||
| At | ||||
| At 1 Apr 2020 | Cash flows | 31 Mar 2021 | ||
| £ | £ | £ | ||
| Cash at bank and in hand | 55,658 | 44,669 | 100,327 | |
| | | |
16
Hartlepool People Limited
Company Limited by Guarantee
Management Information
Year ended 31 March 2021
The following pages do not form part of the financial statements.
17
Hartlepool People Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 2,061 | 845 |
| Dennis Dowen | – | 500 |
| Lloyds Bank | – | 615 |
| Coulthurst Trust | – | 250 |
| The William Leech Charity | – | 2,000 |
| The National Lottery Covid Funding | 35,769 | – |
| Sir James Knott Trust | 5,000 | – |
| The 29th 1961 May Charitable Trust | – | 3,000 |
| Hadrian Trust | 1,000 | – |
| Job Retention Scheme | 14,313 | – |
| Government grant income | 17,603 | – |
| | | |
| 75,746 | 7,210 | |
| | | |
| Charitable activities | ||
| Room hire - footprints | 30,469 | 30,370 |
| Room hire | 8,562 | 39,383 |
| Other | 587 | – |
| | | |
| 39,618 | 69,753 | |
| | | |
| Investment income | ||
| Bank interest received | 13 | 89 |
| | | |
| | | |
| Total income | 115,377 | 77,052 |
| | |
18
Hartlepool People Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 38,443 | 38,003 |
| Pension costs | 522 | 462 |
| Rates and water | 2,459 | 2,253 |
| Light and heat | 22,179 | 17,504 |
| Repairs and maintenance | 10,018 | 4,893 |
| Insurance | 4,181 | 4,950 |
| Printing, postage & stationery | 100 | 950 |
| Volunteer expenses | – | 229 |
| Accountancy | 577 | 840 |
| Legal and professional fees | – | 376 |
| Telephone | 713 | 1,331 |
| Depreciation | 23,112 | 23,112 |
| Activities | – | 799 |
| General expenses | 187 | – |
| Licences | 157 | 279 |
| Cleaning– | 1,657 | 1,792 |
| Misc | – | 13 |
| Bank charges | – | 10 |
| Refeshments | – | 9 |
| Office equipment | 350 | – |
| | | |
| 104,655 | 97,805 | |
| | | |
| | | |
| Total expenditure | 104,655 | 97,805 |
| | | |
| | | |
| Net income/(expenditure) | 10,722 | (20,753) |
| | |
19