2021-03-31-accounts - Milton Community Centre And Recreation Grounds

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MILTON COMMUMTY CENTRE AND RECREATION GROUNDS	MILTON COMMUMTY CENTRE AND RECREATION GROUNDS
FINANCIAL STATEMENTS FOR THK YEARENDED	31MARCH 2021
CONTENTS		PAGE
Tmstees' Report and General Information		1-5
Independent Examiners' Report
Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flows
Notes to the Financial Statements		10-13
The following pages do not form part ofStatutory Financial	Statements
Income 4 Expenditure Account		14- 15

		2021		2020
	Notes
FIXED ASSETS	6	0
CURRENT ASSETS
Debtors and Prepaymeuts	7	4,963		8,959
Cash atbank and in hand		271,063		180,854
		276,026		389,813,
CREDITORS
Amounts falling due within one year	8	13,069		7,852
NET CURRENT ASSETS NET ASSETS			262,957 262,957		181,961 181„961
THEFUNDS OFTHE CHARITY
UNRESTRICTED FUNDS TOTAL CHAIUTY FUNDS			262,957 262,957		179,313 179,313

		Notes	2021	2020
			Total	Total
Net cash used in operating	activities	IQ	89,375	12,282
Cash flows f'rota investing	activities:
Interest
Net cash provided by investing activities			834	1,414
Change in cash and cash equivalents
in the reporting period Cash and cash equivalents	at the		90,209	13,696
beginning ofthe reporting	period		180,854	167,158
			271,063	180,854

NOTES TO THK	NOTES TO THK	FINANCIAL STATEMENTS	FINANCIAL STATEMENTS	FINANCIAL STATEMENTS
2)	GRANT INCOME						Total	Total
							2021	2020
	The following grants			were received during the year
3)	Parish Council INVESTMENT INCOME						40,000 Total	35„000 Total
							2021	2020
)a	Interest receivable on cash deposits ANALYSIS OF CHARITABLE EXPENDITURE THIS YEAR						834	1,414
	UNRESTRICTED				Charitable		2021
					Activities	Governance	Total
					34,421	0	34,421
					5,333	0	5,333
					5,311	792	6,103
					46	0	46
					597	0	597
					1,013	0	1,013
					5,375	0	5,375
	Licences and		permits		220	0	220
	Utilities				6,598	0	6,598
	Maintenance,		materials	and repairs	60,060	0	60,060
	Youth building				4,151	0	4,151
	North Lodge				9,358	0	9,358
	Miscellaneous		expenses		3,590		3,590
					136.073	792	136,865
)b	ANALYSIS	OF CHARITABLE EXPENDITURE LAST YEAR
					Charitable		21120
					Activities Governance		Total
					6
	Wages				33,966	0	33,966
	Commercial	cleaning			12,702	0	12,702
	Legal snd professional			fees	1,897	756	2,653
	Postage				37	0	37
	Stationery				834	0	834
	Telephone				935	0	935
	Insurance				5,052	0	5,052
					470	0	470
					9,050		9,050
	Maintenance,		materials	and repairs	46,655		46,655
	Youth building				8,032		8,032
	North Lodge				8,707		8,707
	Miscellaneous		expenses		449		449
					128,786	756	129,542

STAFF COSTSAND	NUMBERS			2021	2020
				I
Staffcosts during the	year were as follows:
Administration part-time and full-time				34,421	33,966
Employers National Insurance				0	0
Total staff costs during	the year			34,421	33„966
Staffnumbers average
The charity considers its key management		personnel	tobe the Trustees and Centre Manager.
The total employment	benefits ofthe key	management	personnel	were f26,899(2020:$26,471).

FIXEDASSETS			Equipment
COST
Balance attApril 2021 and	I April 2020		68,535
DEPRECIATION
Balance at I April 2021 and	I April 2020		68,535
NET BOOKVALUE at 31March 2021
NET BOOK VALUE at 31March 2021
DEBTORS		Total	Total
		2021	2020
Due within one year
Prepayment		3282	0
Rents receivable		1,035	7,830
Accrued Income		0	100
investment income receivable		646	1,029
		4,963	8,959

NOTES TO THK FINANCIAL	NOTES TO THK FINANCIAL	NOTES TO THK FINANCIAL	NOTES TO THK FINANCIAL	STATEMENTS	STATEMENTS	STATEMENTS
8)	CREDITORS							Total		Total
								2021		2020
	Due within one year							11,200		5,693
	Deferred income							0		500
	Accruals							1,869		1,659
								13,069		7,852
9)a	ANALYSIS OF FUNDS 2021					Fund				Fund
						Balance				Balance
						1.4.2020	Income	Expenditure	31.3.2021
	Designated Funds					8				f,
	Village Fund					8,140	1.4	0		8,154
	General Unrestricted		Funds			173,821	217,847	136,865		254,803
	Total Unrestricted	Funds				181,961	217„861	136,865		262,957
	A description ofthe		designated		fund can	be found m the Trustees Report under desimtated funds.
9)b	ANALYSIS OF FUNDS 2020					Fund				Fund
						Balance				Balance
						1.4.2019	Income Expenditure		3	1.32020
	Designated Funds
	Village Fund					8,097	43	0		8,140
	General Unrestricted		Funds			171,216	132,147	129,542		173,821
	Total Unrestricted	Funds				179,313	132,190	129,542		181,961
10)	RECONCILIATION		OF INCOMING RESOURCES TONET CASH FLOW FROM OPERATING
	ACTIVITIES							2021		2020
										f
	Net income forthe	reporting		period (as per page 7 - SOFA)				80,996		2,648
	Adjustments for:
	Interest from Investments							-834		-1,414
	Depreciation charge							0		0
	Decrease in debtors							3,995		7,239
	(Decrease)/increase	in creditors						5318		3,809
	Net cash provided by		/(used	in)	operating	activities		89,375		12,282
	ANALYSIS OF CASH AND			CASH EQUIVALENTS				2021		2020
	Cash at bank							271,063		180,854

					2021			2020
INCOME
Parish Council Contribution			to costs			40,000			35,000
Other donation,	grantss and		contributions	towards costs		136,486			0
Furlough grant						3,828
RENTS
Annexe				5,505			15,040
Youth Building				7,134			16,980
Ground Floor				401			5,861
Hall				6,119			23,481
Lounge				5,648			10,953
Room I				0			785
Room 2				0			3,858
Bars				0			193
Room I&2				2,102			3.728
North Lodge				4,420	31,329		3,174	84,053
RECREATION	GROUNDS
Sycamores &Recreation Grounds				3,098			2,031
Hardcourts				1,593	4,691	36,020	8,922	10,933	94,986
Bank interest						834			1,414
Miscellaneous in~orna						693			790
TOTAL INCOME						217,861			132,190
EXPENDITURE
ADMINISTRATION
Wages				34,421			33,966
Commercial cleaning				5,333			12,702
Legal and professional		fees		6,103			2,653
Postage				46			37
Stationery				597			834
Telephone				1,013			935
Insurance				5,375			5,052
Licences and permits				220			470
Miscellaneous				3,590			449
					56,698			57,098
HALL &GENERAL EXPENSES
Repairs and maintenance				6,710			13,563
Utilities				4452	10,962		6,216	19,779
ANNEXE EXPENSES
Repairs and maintenance				1,533			1,794
Utilities				1,858	3,391		2,158	3,952
Carried Forward					71,051	217,861		80,829	132,190