REGISTERED COMPANY NUMBER.. 03266180 (England and Wales) REGISTERED CHARITY NUMBER.. 1075648 REPORT OF THE TRUSTEES AN UNAUDITED FINANCIAL S TEMENTS FOR THE YEAR ENDED 31 MARCH 20 FOR HAM COMMUNITY PARTNERSHIP LIMITED THE KE... Mayers 33 Mary Seacole Road The Millfields Plymouth Devon PL1 3JY
THE KEYHAM COMMUNITY PARTNERSHIP LIMITED CONTENTS OF THE FINANCIAL STAT.EMENTS for thè YEe_d 1 MARCH 202 Page Report of the Trustses statement of Financial Actlvltles Balance Sheet Notes to the Flnancial Statements 5 10 10 Dètalled Statsment of Flnancial Activitie5 11 10 12
THE KEYHAM COMMUNITY PARTNERSHIP LIMITED REPORT OF THE TRUSTEE Year Ended 31_fyJALC.H 2021 for The trustees who are also directors of the charfty for the purposes of the Companies Act 20(, present their report wi(h the financial slalemenls ol the charity for the year ended 31 March 2021. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wi(h the Financial Reporting Standard applicable iri the UK and Republic of Ireland IFRS 102} {effeclive 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governino document. a deed of Irusl, and conslilules a limited company. limf(ed by guarantee. as defined by the Companies Act 2006. REFERENCE ANO ADMINISTRATIVE DETAILS Registered Company numbèr 03266180 (England and Wales) Registered Charity number 1075648 Reglster8d office Froebel House 100 Granby Street Devonport Plymouth Devon PL14BN Trustees M A Wesl Retired Surveyor Ms R M P Brooke Project Manager Mrs G A Marsh Company Director Company Secratary STLews Approved by order ofthe board oflrustees on ..2o&...Qar<>&£L. 2oA. and signed on its behalf by.. osI- TTuslee Page 1
THE KEYHAM COMMUNITY PARTNERSHIP LIMITED STATEMENT OF FINANCIAL ACTIVITIES forthLYear Ended 31 MARCH 2021 31.3.21 Total funds 31.3.20 Total funds Unreslricled fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Charltable activities Charitable Acts'vilies 140,307 140,307 133.813 Other trading activities Investment income 194,557 10 194,557 io 34,407 Total 334,874 334,874 168,228 EXPENDITURE ON Raising funds 52.613 52,613 31,490 Charltable actlvities Charitable Activities Charitable activities 125,172 1,572 125,172 1,572 139,674 Totsl 179,357 179,357 171,164 NET INCOMEIIEXPENDITUREI 155,517 155,517 12,936) RECONCILIATION OF FUNDS Totsl funds brought fonvard 88,227 88.227 91,163 TOTAL FUNDS CARRIED FORWARD 243,744 243.744 88,227 The notes form part of these financial slalements Page 2
THE KEYHAM COMMUNITY PARTNERSHIP LIMITED BALANCE SHEET 31 MARC.F12L21 31.3.21 Total funds 31.3.20 Total funds Unreslricled fund Reslricled fund Notes FIXED ASSETS Tangible assets 44.368 44,366 47,868 CURRENT ASSETS Debtors Cash al bank 10 94,495 123,716 94,495 123,716 51,008 2,573 218,211 218.211 53,579 CREDITORS Amounts falling due within one year 118,835) {18,835} 113,220} NET CURRENT ASSETS 199,376 199,376 40.359 TOTAL ASSETS LESS CURRENT LIABILITIES 243,744 243.744 88,227 NET ASSETS 243,744 243,744 88,227 FUNDS Unrestricted funds 12 243.744 88,227 TOTAL FUNDS 243,744 88.227 The charitable company is enlilled lo exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. The membeTS have not required the wmpany to obtain an audit of ils financial statements for the year ended 31 March 2021 in accordance with Section 476 of Ihe Companies Act 20fK. The Iruslees acknowkdge their responsibilities for {al ensuring that the charitable company keeps accounting records that Comp wrth Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the slate ol affairs of the charf(able company as at the end of each financial year and of ils surplus or deficit for eaeh financial year in accordance wrth the requirements of Sections 394 and 395 and which otherwi88 comply with the requirements of the Companies Act 2006 relating lo financial slalernents, so far as applicable to the charitable company. Ibl The notes form part of these financial stslemenls Page 3 continued...
THE KEYHAM COMMUNITY P RTNERSHIP LIMITED LANC_E SHEE_Lcontinu&d. -3.1_MLRCH 2021 These financial slalements have been prepared in ac¢ordanee with the provisions applicable lo charitable companies subject lo the small companies regime. The financial statements were approved by the Board of Trustees and aulhorised for issue on and were signed on ils behalf by.. Wesl- Trustee The notes form part of these financrdl statements Page 4
THE KEYklAM COMMU_NITY PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 CH 2021 AccouMfiNG POLICIES Basls of preparlng the financlal statements The financial slalemonts of the charilable company, which is a public benefil enlily under FRS 102. have been prepared in accordance with the Charities SORP (FRS 1021 'Ac¢ounling and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities pieparing their accounts in accordance with the Financial Reporting Standard applicabla in the UK and Republic of Ireland IFRS 1021 leffeclEve 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalemenls have b8en prepared under the historal cost convention. Incom All inconE is recognised in the Slalement of Financial Activities once the charity has entitlement lo the funds, il is probable that the income wll be received and the amunl can be measured reliably. Expenditure Liabilitiès are recognised as expenditure as soon as there is a legal of constructive obligation commilling the charty to that expenditure, il is probable that a transfer of economi¢ benefils will be required in settlement and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classrfied under headings that aggregate all cost related to the category. Where costs cannot be directly allribuled lo particular headings they have been allocated lo acliwlies on a basis consistent wlh the use of resources. Tanglble fixed assets Depreciation is provided al the foltowing annual rates in order to write off each asset over its estimated useful lrfe. Froehold property 50/0 on cost Taxation The charity is exempt from corporation tax on its chartsble aclwities. Fund accountlng Unrestricted funds can be used in accordanco with the charitable objectives al the discretion of the Iruslees. Reslricled funds can only be used for particular reslricled purposes within the objects of the charity. Reslri¢liDns arise when specified by the donor or when funds are raised foT particular reslricled purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial stalemenls. Pension costs and other post.retlrem8nt benefits The charitable cornpany operates a defined contribution pension scheme. Contributions payable lo the chari18ble company's pension scheme are charged to Ihe Statement of Financial Activities in the period lo which they relate. Page 5 ontinued...
THE KEYHAM COMMUNITY PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS - contln for th r Ended 31 MARCH OTHER TRADING ACTIVITIES 31.3.21 31.3.20 Management & adminislralion Expense recharges Government JRS grants 131,000 10,549 53,008 17.450 16,957 194,557 34,407 INVESTMENT INCOME 31.3.21 31.3.20 Deposit account interest 10 RASSING FUNDS Rabslng donations and legaci8S 31.3.21 31.3.20 Support costs 2,460 2,920 Investment management costs 31.3.21 31.3.20 Rent & rates Liohl & heal Printing, post & slalionery Internel Motor & travel costs Repairs & mainlenanoe Office equipment Cleaning Miscellaneous Insurance Memberships, subs & journals Catering equipment Depreciation 2.762 5,465 5,871 1,164 1,166 331 4,861 1,931 652 214 1,587 40 1,788 3,50 575 1,342 152 20,625 1.239 10.651 1,941 3,500 50,153 28,570 Aggregate amounts 52,613 31,490 Page 6 continued..
E KEYHAM COMMUNITY PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS-continued for the Year End MARCH 2021 NET INCOMEIIEXPENDITUREI Net incomellexpendilurel is staled after chargingllcredilingl.. 31.3.21 31.3.20 Auditois, remuneration for non audit work Depreciation- own&d assets 2,460 3,500 2,920 3.500 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees. remuneration or other benefrts for the year ended 31 March 2021 nor for the year ended 31 March 2020. Trustees, expenses There were no Iruslees, expenses paid for the year ended 31 March 2021 nor ft)r the year ended 31 March 2020. STAFF COSTS 31.3.21 31.3.20 Wages and salaries Olhei pension costs 96.896 8.024 96,5 7.828 104,920 103.893 The average monthty number of employees during the year was as follows.. 31.3.21 31.3.20 Admin staff No employees reiVed emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Charitable a¢tlvltl¢s Charitable Actiwlies 133.813 133,813 Other trading aclivrties Investment income 34,407 34,407 Total 168,228 168,228 EXPENDITURE ON Raising funds 31,490 31,490 Charitable activltles Charitable actwilies 139,674 139,674 Page 7 continued...
THE KEYHAM COMMUNITY PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS- contln for the Ye 31 MARCH 202 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unreslricled Reslricled fund fund Total funds Total 171,164 171,164 NET INCOPIIEIIEXPENDITUREI 12,936) 12,9361 RECONCIUATION OF FUNDS Total funds brought foThvard 91,163 91.163 TOTAL FUNDS CARRIED FORWARD 88,227 88,227 TANGIBLE FIXED ASSETS Freehold property COST Al 1 April 2020 and 31 March 2021 70,000 DEPRECIATION Al 1 April 2020 Charge for year 22,132 3,500 At 31 March 2021 25,632 NET BOOK VALUE At 31 March 2021 44,368 Al 31 Mar¢h 2020 47,868 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.21 31.3.20 Trade debtors Inlerbusiness account 94,495 15,505 35,501 94,495 51,006 Page 8 )nlinued...
THE KEYHAM COMMUNITY PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnue. the Year Ende 1 MARCH 2021 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.21 31.3.20 Trade creditors Social security and other taxes Other creditors Accrued expenses 16,375 6,210 3,777 833 2.400 2,460 18,835 13,220 12. MOVEMENT IN FUNDS Nel movement in funds Al 31.3.21 Al 1.4.20 Unrestrlcted funds General fund 88.227 155,517 243.744 TOTAL FUNDS 88,227 155,517 243,744 Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 334.874 1179,357) 155.517 TOTAL FUNDS 334,874 1179,3571 155.517 Comparatlves for movement in funds Nel movement in funds Al 31.3.20 At1.4.19 Unrostrlcted funds General fund 91,163 {2.9361 88,227 TOTAL FUNDS 91,163 12,9361 88,227 Page 9 continued...
THE KEYHAM COMMUNITY PARTNERSHIP LLMITED NOET0 THE FINA.NCIAL STATEMENTS - continued_ forthe Ygar Endgd 31 MARCH 2021 12. MOVEMENT IN FUNDS- contlnued Comparative nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 168,228 1171,1641 {2.9361 TOTAL FUNDS 168,228 1171,1641 {2.9361 A current year 12 months and prior year 12 months combined position is as follows.. Nel movement in funds Al 1.4.19 31,3.21 Unrestricted funds General fund 91,163 152,581 243,744 TOTAL FUNDS 91,163 152,581 243,744 A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming esources Resources expended Movement in funds Unrestrlcted funds Genera1 fund 503,102 1350,5211 152,581 TOTAL FUNDS 503,102 1350,5211 152,581 13. RELATED PARTY DISCLOSURES During the period the company undert(x)k the following transactions wilh KCP Keystone CIC. company which 18 under the control of the s8me diroclors as Keyham Community Partnership Limited. The company invOd KCP Keystone CIC £232,410 12020 £1,894) during the year for v8rK)us goods and services including management and facility charges. Al 31 March 2021 included in debtors is an amount of £90,941 (2020 £35,501) in respect of amounts owed by KCP Keystone CIC. Page10
THE KEYHAM COMMUNITY ARTNERSHIP LIMITED DETAILED STATEMENT QF FINA_NCIAL_A_CTIV_ITIE_S_ foU1y _ar.EnJed 31 MARCH.2.0_2.1 31.3.21 31.3.20 INCOME AND ENDOWMENTS Other tradlng activities Management & adminislralion Expense recharges Government JRS grants 131,000 10,549 53.008 17,450 16,957 194,557 34,407 Investment income Deposit account interest 10 Charitable actlvltles Other income Service level agreements 130,204 10,103 121,347 12,466 140,307 133,813 Total incomlng resources 334,874 168,228 EXPENDITURE Investment managemant costs Rent & rates Light & heal Printing, post & stationery Inlernel Motor & travel costs Repairs & maintenance Office equipment Cleaning Miscellaneous Insurance Memberships, subs & joumals Catering equipment Freehold property 2.762 7,366 575 1,342 152 20,625 1,239 10,651 5,465 5,871 1,164 1,166 331 4.861 1.931 652 214 1,587 40 1,788 3,500 1,941 3,500 50.153 28,570 Charitable activities Wages Pensions Subcontractors Volunteers & groups Payroll adminislralion Consumables 96.896 8.024 17,521 ,065 7,828 15,688 495 1,087 16,808 735 1.996 125.172 137.971 This page does not fom part of the slatulory financial slalement8 Page 11
THE KEYHAM COMMUNITY PARTNERSHIP LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIE Ended 31 MARCH 2021 31.3.21 31.3.20 Support costs Finance Bank charges 112 123 Other Telephone 1,460 1,580 Governance costs Auditors. remuneration for non audit woik 2,460 2,920 Total resources expended 179,357 171.164 Net incomellexpenditurel 155,517 12,936} This page does not fomi part of the stalulory financial statements Page 12