**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_