REGISTERED COMPANY NUMBER: 03491707 (England and Wales) REGISTERED CHARITY NUMBER: 1070198
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
HILLCREST COMMUNITY PARTNERSHIP
X5 Chartered Accountants
2 Upperton Gardens Eastbourne East Sussex BN21 2AH
HILLCREST COMMUNITY PARTNERSHIP
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
HILLCREST COMMUNITY PARTNERSHIP
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021
| TRUSTEES | Ms P Barnett (resigned 9/10/2020) |
|---|---|
| Ms E J Johnson- Bullock (resigned 11/11/2021) | |
| Ms K M Parkinson Chairperson | |
| A R Peters (resigned 30/6/2020) | |
| Ms U Sinha | |
| R Walsh | |
| Ms H McLean | |
| B Hitchen | |
| Ms D Verschuren Retired (appointed 9/11/2020) | |
| COMPANY SECRETARY | K R Alderton |
| REGISTERED OFFICE | Hillcrest Community Centre |
| Bay Vue Road | |
| Newhaven | |
| East Sussex | |
| BN9 9LH | |
| REGISTERED COMPANY | 03491707 (England and Wales) |
| NUMBER | |
| REGISTERED CHARITY | 1070198 |
| NUMBER |
Page 1
HILLCREST COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03491707)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 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 31 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).
FINANCIAL REVIEW
The accounts show a net surplus of £53,959.
At the balance sheet date, the net assets of the charity amount to £654,048 including cash at bank and in hand of £137,803.
The financial policy is to ensure scale charges are sufficient to generate enough income to meet the running costs of the centre without reliance upon single grants.
The trustees have reviewed the major business and operational risks facing the charity. The strategy and operational plans take account of all issues so as to ensure the continued operation of the Community Centre.
The trustees’ policy on reserves is to ensure that the charity’s reserves are maintained at levels to ensure long term viability of the Community Centre. The trustees consider the level of reserves at 31 March 2021 to be sufficient but are fully aware of the difficult challenges ahead in the current economic climate.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006, relating to small companies.
The trustees (who are also the directors of Hillcrest Community Partnership for the purposes of company law) are responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
• select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
• make judgements and estimates that are reasonable and prudent;
• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and 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.
Approved by the trustees of the charity on..............and signed on its behalf by:
Page 2
HILLCREST COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03491707)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
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.
Charity constitution
The charity is limited by share capital, incorporated in . The address of its registered office is: Hillcrest Community Centre Bay Vue Road Newhaven East Sussex BN9 9LH The principal place of business is: Hillcrest Community Centre Bay Vue Road Newhaven East Sussex BN9 9LH These financial statements were authorised for issue by the trustees on 13 October 2020
Approved by order of the board of trustees on 6 December 2021 and signed on its behalf by:
Ms K M Parkinson - Trustee
Page 3
HILLCREST COMMUNITY PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 73,924 Other trading activities 2 602 Investment income 3 2 Other income 60,173 Total 134,701 EXPENDITURE ON Raising funds 4 121,045 Charitable activities General 50 Other - Total 121,095 NET INCOME/(EXPENDITURE) 13,606 RECONCILIATION OF FUNDS Total funds brought forward 640,442 TOTAL FUNDS CARRIED FORWARD 654,048 |
2020 Total funds £ 3,098 1,436 5 111,998 116,537 208,043 150 455 208,648 (92,111) 732,553 640,442 |
|---|---|
The notes form part of these financial statements
Page 4
HILLCREST COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03491707)
BALANCE SHEET 31 MARCH 2021
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted fund £ 517,498 4,267 137,803 142,070 (5,520) 136,550 654,048 654,048 654,048 654,048 |
2020 Total funds £ 535,167 16,321 120,697 137,018 (31,743) 105,275 640,442 640,442 640,442 640,442 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.
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 6 December 2021 and were signed on its behalf by:
K M Parkinson - Trustee
The notes form part of these financial statements
Page 5
HILLCREST COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Hillcrest Community Partnership meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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.
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
HILLCREST COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
2. OTHER TRADING ACTIVITIES
| 2021 Unrestricted funds £ Fundraising events 602 3. INVESTMENT INCOME 2021 Unrestricted funds £ Interest on cash 2 4. RAISING FUNDS Investment management costs 2021 Unrestricted funds £ Property repairs 12,925 Maintenance charges 854 Support costs - 13,779 5. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2021 £ Depreciation - owned assets - Hire of plant and machinery 1,932 Surplus on disposal of fixed assets - |
2020 Total funds £ 1,436 2020 Total funds £ 5 2020 Total funds £ 78,618 15,596 15 94,229 2020 £ 26,545 677 (3,558) |
|---|---|
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
continued...
Page 7
HILLCREST COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| ADministration No employees received emoluments in excess of £60,000. 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Other income Total EXPENDITURE ON Raising funds Charitable activities General Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 2020 - 8 Unrestricted fund £ 3,098 1,436 5 111,998 116,537 208,043 150 455 208,648 (92,111) 732,553 640,442 |
|---|---|
continued...
Page 8
HILLCREST COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
9. TANGIBLE FIXED ASSETS
| Improvements to property £ COST At 1 April 2020 715,232 Additions - At 31 March 2021 715,232 DEPRECIATION At 1 April 2020 and 31 March 2021 220,461 NET BOOK VALUE At 31 March 2021 494,771 At 31 March 2020 494,771 |
Plant and machinery £ 11,281 6,000 17,281 9,831 7,450 1,450 |
Fixtures and fittings £ 104,760 - 104,760 89,483 15,277 15,277 |
Totals £ 831,273 6,000 |
|---|---|---|---|
| 837,273 | |||
| 319,775 | |||
| 517,498 | |||
| 511,498 |
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors VAT Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Accrued expenses 12. MOVEMENT IN FUNDS At 1/4/20 £ Unrestricted funds General fund 640,442 TOTAL FUNDS 640,442 |
2021 £ 3,656 150 461 - 4,267 2021 £ 3,298 35 2,187 5,520 Net movement in funds £ 13,606 13,606 |
2020 £ 5,830 150 7,506 2,835 16,321 2020 £ 28,114 1,091 2,538 31,743 At 31/3/21 £ 654,048 |
2020 £ 5,830 150 7,506 2,835 16,321 2020 £ 28,114 1,091 2,538 |
2020 £ 5,830 150 7,506 2,835 |
|---|---|---|---|---|
| 31,743 | ||||
| 654,048 |
continued...
Page 9
HILLCREST COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 134,701 TOTAL FUNDS 134,701 Comparatives for movement in funds At 1/4/19 £ Unrestricted funds General fund 732,553 TOTAL FUNDS 732,553 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 116,537 TOTAL FUNDS 116,537 |
Resources Movement expended in funds £ £ (121,095) 13,606 (121,095) 13,606 Net movement At in funds 31/3/20 £ £ (92,111) 640,442 (92,111) 640,442 Resources Movement expended in funds £ £ (208,648) (92,111) (208,648) (92,111) |
Resources Movement expended in funds £ £ (121,095) 13,606 (121,095) 13,606 Net movement At in funds 31/3/20 £ £ (92,111) 640,442 (92,111) 640,442 Resources Movement expended in funds £ £ (208,648) (92,111) (208,648) (92,111) |
|---|---|---|
| (92,111) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/4/19 £ 732,553 732,553 |
Net movement in funds £ (78,505) (78,505) |
At 31/3/21 £ 654,048 |
|---|---|---|---|
| 654,048 |
continued...
Page 10
HILLCREST COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 251,238 251,238 |
Resources Movement expended in funds £ £ (329,743) (78,505) (329,743) (78,505) |
|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 11
HILLCREST COMMUNITY PARTNERSHIP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Grants Subscriptions Other trading activities Fundraising events Investment income Interest on cash Other income Gain on sale of heritage assets Rental income Photography income Other Income Total incoming resources EXPENDITURE Raising donations and legacies Rates and water Insurance Light and heat Telephone Postage and stationery Cleaning Event expenses Accountancy fees Legal and professional fees Depreciation of tangible fixed assets Other trading activities Wages Social security Pensions Hire of plant and machinery |
2021 £ - 2,751 71,161 12 73,924 602 2 - 60,173 - - 60,173 134,701 3,063 5,026 10,935 1,691 561 1,303 - 4,496 1,342 24,890 53,307 48,709 2,441 877 1,932 53,959 |
2020 £ 1 2,795 291 11 |
|---|---|---|
| 3,098 1,436 5 3,558 107,279 111 1,050 |
||
| 111,998 | ||
| 116,537 3,365 6,025 9,542 1,697 404 2,673 53 4,494 1,342 27,951 |
||
| 57,546 52,336 2,473 782 677 |
||
| 56,268 |
This page does not form part of the statutory financial statements
Page 12
HILLCREST COMMUNITY PARTNERSHIP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Other trading activities Investment management costs Property repairs Maintenance charges Charitable activities Staff welfare Support costs Management Advertising Sundries Total resources expended Net income/(expenditure) |
2021 £ 12,925 854 13,779 50 - - - 121,095 13,606 |
2020 £ 78,618 15,596 94,214 150 455 15 470 208,648 (92,111) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
Signed By
EURYDICE VERSCHUREN
Date Signed Tue, 04 Jan 2022 10:14:48 +0000 Name Eurydice Verschuren Email dietsverschuren@gmail.com Printed Name EURYDICE VERSCHUREN IP Address 31.48.242.59 Browser User Agent Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/96.0.4664.110 Safari/537.36 Edg/96.0.1054.62
X5 , Chartered Accountants is the trading name of Xynamo 5 Limited - Company No 11241219