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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 1072775

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Larkhill Centre Community Association

John A. Walker Accountancy Services 1a Davyhulme Circle Urmston Manchester Greater Manchester M41 0ST

Larkhill Centre Community Association

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1
Statement of Financial Activities 2
Balance Sheet 3
Notes to the Financial Statements 4 to 11
Detailed Statement of Financial Activities 12 to 13

Larkhill Centre Community Association

Report of the Trustees for the Year Ended 31 March 2021

The trustees 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1072775

Principal address

103 Shaftesbury Avenue Timperley Altrincham Cheshire WA15 7NP

Trustees

Dr M Rose D Massey L Murray Chairman Mrs B Fletcher R Rodin-Simcock

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

............................................................ Trustee

Page 1

Larkhill Centre Community Association

Statement of Financial Activities for the Year Ended 31 March 2021

Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
5
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 31.3.21
Unrestricted
Restricted
Total
fund
fund
funds
£
£
£
11,166
-
11,166
16,722
-
16,722
18
-
18
27,906
-
27,906
16,914
1,848
18,762
10,992
(1,848)
9,144
36,325
698,623
734,948
47,317
696,775
744,092		 31.3.20
Total
funds
£
2,932
31,288
24
34,244
40,071
(5,827)
740,775
734,948

The notes form part of these financial statements

Page 2

Larkhill Centre Community Association

Balance Sheet

31 March 2021

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
8,768
CURRENT ASSETS
Debtors
10
5,548
Cash at bank and in hand
33,461
39,009
CREDITORS
Amounts falling due within one year
11
(460)
NET CURRENT ASSETS
38,549
TOTAL ASSETS LESS CURRENT
LIABILITIES
47,317
NET ASSETS
47,317
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
696,776
-
-
-
(1)
(1)
696,775
696,775		 31.3.21
Total
funds
£
705,544
5,548
33,461
39,009
(461)
38,548
744,092
744,092
47,317
696,775
744,092		 31.3.20
Total
funds
£
707,392
1,018
26,940
27,958
(402)
27,556
734,948
734,948
36,325
698,623
734,948

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Trustee

The notes form part of these financial statements

Page 3

Larkhill Centre Community Association

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

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.

Taxation

The charity is exempt from 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.

continued...

Page 4

Larkhill Centre Community Association

Notes to the Financial Statements-continued
for the Year Ended 31 March 2021
2.
DONATIONS AND LEGACIES
Donations & Gifts
Grants
Grants received, included in the above, are as follows:
TMBC Grant (Covid-19) 06.05.2020
3.
OTHER TRADING ACTIVITIES
Rental Income
Private Hire
Country Fair
Band Concert
4.
INVESTMENT INCOME
Deposit account interest		 31.3.21
£
1,166
10,000
11,166
31.3.21
£
10,000
31.3.21
£
16,722
-
-
-
16,722
31.3.21
£
18		 31.3.20
£
2,932
-
2,932
31.3.20
£
-
31.3.20
£
24,617
4,966
824
881
31,288
31.3.20
£
24

Page 5

continued...

Larkhill Centre Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

5. RAISING FUNDS

Raising donations and legacies
Support costs
Other trading activities
Licence / Agreements
Postage & Stationery
Caretaking
Repairs & Renewals
Insurance
Telephone
Alarm System
Consumables
Sundry Expenses
Water Rates
Cleaning & Materials
Gas
Electricity
General Rates
Aggregate amounts		 31.3.21
£
2,339
31.3.21
£
1,246
22
480
2,908
2,047
1,058
801
794
-
269
3,986
1,808
1,004
-
16,423
18,762		 31.3.20
£
2,923
31.3.20
£
1,860
192
480
15,968
2,045
1,271
801
1,694
392
638
7,138
2,226
1,516
927
37,148
40,071

Page 6

continued...

Larkhill Centre Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

6. SUPPORT COSTS

SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
Raising donations and legacies 1,848 491 2,339

7. 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.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
fund
£
2,932
31,288
24
34,244
37,607
(3,363)
39,688
36,325		 Restricted
fund
£
-
-
-
-
2,464
(2,464)
701,087
698,623		 Total
funds
£
2,932
31,288
24
34,244
40,071
(5,827)
740,775
734,948

continued...

Page 7

Larkhill Centre Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

9.
TANGIBLE FIXED ASSETS
Long
leasehold
£
COST
At 1 April 2020 and 31 March 2021
700,000
DEPRECIATION
At 1 April 2020
-
Charge for year
-
At 31 March 2021
-
NET BOOK VALUE
At 31 March 2021
700,000
At 31 March 2020
700,000
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments		 Fixtures
and
fittings
£
57,552
50,160
1,848
52,008
5,544
7,392
31.3.21
£
4,900
648
5,548		 Totals
£
757,552		 Totals
£
757,552
50,160
1,848
52,008
705,544
707,392
31.3.20
£
370
648
1,018
1,018

continued...

Page 8

Larkhill Centre Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors
12.
MOVEMENT IN FUNDS
At 1.4.20
£
Unrestricted funds
General fund
36,325
Restricted funds
Restricted
698,623
TOTAL FUNDS
734,948
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
27,906
Restricted funds
Restricted
-
TOTAL FUNDS
27,906		 31.3.21
£
1
460
461
Net
movement
in funds
£
10,992
(1,848)
9,144
Resources
expended
£
(16,914)
(1,848)
(18,762)		 31.3.20
£
2
400
402
At
31.3.21
£
47,317
696,775
744,092
Movement
in funds
£
10,992
(1,848)
9,144

continued...

Page 9

Larkhill Centre Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.4.19
in funds
£
£
Unrestricted funds
General fund
39,688
(3,363)
Restricted funds
Restricted
701,087
(2,464)
TOTAL FUNDS
740,775
(5,827)
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
34,244
(37,607)
Restricted funds
Restricted
-
(2,464)
TOTAL FUNDS
34,244
(40,071)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.4.19
in funds
£
£
Unrestricted funds
General fund
39,688
7,629
Restricted funds
Restricted
701,087
(4,312)
TOTAL FUNDS
740,775
3,317		 At
31.3.20
£
36,325
698,623
734,948
Movement
in funds
£
(3,363)
(2,464)
(5,827)

At
31.3.21
£
47,317
696,775
744,092

continued...

Page 10

Larkhill Centre Community Association

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
Restricted funds
Restricted
TOTAL FUNDS		 Incoming
resources
£
62,150
-
62,150		 Resources
expended
£
(54,521)
(4,312)
(58,833)		 Movement
in funds
£
7,629
(4,312)
3,317

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 11

Larkhill Centre Community Association

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
Unrestricted
funds
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations & Gifts
1,166
Grants
10,000
11,166
Other trading activities
Rental Income
16,722
Private Hire
-
Country Fair
-
Band Concert
-
16,722
Investment income
Deposit account interest
18
Total incoming resources
27,906
EXPENDITURE
Other trading activities
Licence / Agreements
1,246
Postage & Stationery
22
Caretaking
480
Repairs & Renewals
2,908
Insurance
2,047
Telephone
1,058
Alarm System
801
Consumables
794
Sundry Expenses
-
Water Rates
269
Cleaning & Materials
3,986
Gas
1,808
Carried forward
15,419		 31.3.21
31.3.20
Restricted
Total
Total
funds
funds
funds
£
£
£
-
1,166
2,932
-
10,000
-
-
11,166
2,932
-
16,722
24,617
-
-
4,966
-
-
824
-
-
881
-
16,722
31,288
-
18
24
-
27,906
34,244
-
1,246
1,860
-
22
192
-
480
480
-
2,908
15,968
-
2,047
2,045
-
1,058
1,271
-
801
801
-
794
1,694
-
-
392
-
269
638
-
3,986
7,138
-
1,808
2,226
-
15,419
34,705		 31.3.21
31.3.20
Restricted
Total
Total
funds
funds
funds
£
£
£
-
1,166
2,932
-
10,000
-
-
11,166
2,932
-
16,722
24,617
-
-
4,966
-
-
824
-
-
881
-
16,722
31,288
-
18
24
-
27,906
34,244
-
1,246
1,860
-
22
192
-
480
480
-
2,908
15,968
-
2,047
2,045
-
1,058
1,271
-
801
801
-
794
1,694
-
-
392
-
269
638
-
3,986
7,138
-
1,808
2,226
-
15,419
34,705
2,932
24,617
4,966
824
881
31,288
24
34,244
1,860
192
480
15,968
2,045
1,271
801
1,694
392
638
7,138
2,226
34,705

This page does not form part of the statutory financial statements

Page 12

Larkhill Centre Community Association

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
Unrestricted
funds
£
Other trading activities
Brought forward
15,419
Electricity
1,004
General Rates
-
16,423
Support costs
Finance
Fixtures and fittings
-
Governance costs
Auditors' remuneration for non audit
work
491
Total resources expended
16,914
Net (expenditure)/income
10,992		 31.3.21
31.3.20
Restricted
Total
Total
funds
funds
funds
£
£
£
-
15,419
34,705
-
1,004
1,516
-
-
927
-
16,423
37,148
1,848
1,848
2,464
-
491
459
1,848
18,762
40,071
(1,848)
9,144
(5,827)

This page does not form part of the statutory financial statements

Page 13