**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