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2021-06-30-accounts

RICCALL REGEN 2000 FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2021

Company registration number 3905959 Charity number: 1075776

RICCALL REGEN 2000

I N D E X P A G E
_____________
REPORT OF THE DIRECTORS 1 - 4
INDEPENDENT EXAMINER’S REPORT 5
CONSOLDATED STATEMENT OF FINANCIAL ACTIVITIES 6
AND INCOME AND EXPENDITURE ACCOUNT
CONSOLIDATED BALANCE SHEET 7
BALANCE SHEET 8
NOTES TO THE ACCOUNTS 9 – 20

RICCALL REGEN 2000

DIRECTORS REPORT FOR THE YEAR ENDED 30 JUNE 2021

The trustees who are also the directors of the charity for the purposes of the Companies Act, present their annual report and unaudited accounts of the company for the year ended 30 June 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published in October 2019.

OBJECTIVES AND ACTIVITIES

Charitable objectives

The charity was established to promote the benefit of the residents of the Riccall parish and adjoining parishes without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and other leisure time occupation with the object of improving the conditions of life for the said residents.

Its principal activity is to work toward these objectives and its work has continued during the year despite the constraints imposed by the Covid 19 pandemic .

The trustees have due regard to the Charity Commission’s guidance on public benefit, and ensure that the activities of the organisation meet those requirements.

Voluntary Help

Volunteers continue to be an important part of our organisation and we depend on their goodwill on an ongoing and ad hoc basis. Traditional activities, social and fundraising events could not happen without volunteer’s time and effort. These events have been severely curtailed in the second half of the financial year by the ongoing Covid 19 situation. Volunteers continue to help with catering, reception and carrying out all aspects of financial and accounting procedures.

ACTIVITIES AND PERFORMANCE

The financial performance has been directly impacted by the Covid 19 situation and the Government restrictions put in place to control the spread of the virus. The Directors have had to implement measures to minimise the impact on the finances of the organisation. These have included utilisation of the government Job Retention Scheme, agreeing terms with creditors, reducing staff hours and cutting all but essential spending. Towards the end of the financial year some of those restrictions started to be lifted which allowed the Centre to start opening in a controlled and safe manner.

Windmill Nursery and Space Base Out of School Club have continued to operate in support of the community and in line with government guidelines.

FINANCIAL REVIEW

Total expenditure exceeded income by £27,595 including depreciation of £29,066 (2020: income in exceed of expenditure £14,301) as shown in the Statement of Financial Activities.

Reserves Policy

The directors have a policy whereby unrestricted funds not invested in fixed assets or designated for a special purpose or commitments (the free reserves) should be as close as possible to the level of some three months of normal expenditure. This is so we are able to continue our activities in the event of a significant drop in income.

RICCALL REGEN 2000

DIRECTORS REPORT FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

FINANCIAL REVIEW (continued)

Reserves Policy (continued)

The directors are aware of the current situation and recognise that achieving such a level will be extremely difficult and are currently implementing plans to first turn round the current deficit in funds and further to move toward the target in the longer term. Free reserves are currently in surplus of £33,575, pre-commitment would still be in surplus of £42,092.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Current financial position

The first 4 months of the current financial year (July – October) has seen expenditure exceed income by £26,744. This is a direct result of the ongoing situation and the second lockdown in relation to Covid 19. The Directors are monitoring the situation closely and hope that as the situation improves, they are able to open up facilities within the centre to bring in further revenue.

Governing document

Riccall Regen 2000 is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association dated 13 January 2000 as amended.

Appointment of directors

As set out in the Articles of Association directors are appointed by recommendation of the current directors at a general meeting of the company.

One third of the directors at the date of the annual general meeting are subject to retirement by rotation. There is no maximum number of directors but there is a minimum number of three.

Director induction

Directors receive a briefing pack outlining their responsibilities when they join the board, which helps brief them regarding their responsibilities under company and charity law. This is supported by one to one conversations with the centre manager and the chairman of the board of directors.

Organisation

The board of directors meet regularly to administer the charity. The finance and personnel committees meet as required.

Risk management

The directors have examined the major risks to which the charity is exposed and systems have been established to mitigate these risks.

PLANS FOR FUTURE PERIODS

The strict lockdown and ongoing Covid situation present the Regen Centre and Board of Directors with a number of challenges. The Directors feel that having put in place measures to minimise the financial impact on the organisation, they are in a position to resume regular activities in a safe and secure manner; many of the regular user groups have started to make bookings for future meetings and events, with an encouraging level of enquiries for weddings and other celebratory functions. The Directors remain mindful of the possibility of future restrictions and are prepared to take appropriate action.

RICCALL REGEN 2000

DIRECTORS REPORT FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

REFERENCE AND ADMINISTRATIVE INFORMATION

Charity Name Riccall Regen 2000 Charity Registration Number 1075776

Company Registration Number 3905959

Registered Office and
Principal Address The Regen Centre
Landing Lane
Riccall
York
YO19 6PW
Directors/Trustees S Noble Chair
D Watson Deputy Chair (resigned June 2021)
S Frost
N Morton
N R Shouksmith
G M Stockill (appointed September 2020)
L Wheeler
S Wheeler
C Edwards (appointed November 2021)
Company Secretary G M Stockill (appointed September 2020)
H Adamson (resigned August 2020)
Other Key Management
Personnel:
Centre Manager J Hodgson
Advisers
Independent Examiner N Clemit ACA, FCCA
JWPCreers LLP
Chartered Accountants
Genesis 5
Church Lane
Heslington
York
YO10 5DQ
Bankers Yorkshire Bank
16 Market Cross
Selby
North Yorkshire
YO8 4NU

RICCALL REGEN 2000

DIRECTORS REPORT FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

Trustees responsibilities in relation to the financial statements

The charity trustees (who are also the directors of the Riccall Regen 2000 for the purposes of company law) are responsible for preparing a directors report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

BY ORDER OF THE BOARD

S Noble Director The Regen Centre Landing Lane Riccall York YO19 6PW

15 December 2021

`

RICCALL REGEN 2000

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30 JUNE 2021

I report to the charity trustees on my examination of the accounts of Riccall Regen 2000 for the year ended 30 June 2021 which comprise the consolidated statement of financial activities, the consolidated balance sheet, the balance sheet and related notes.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of ACCA and ICAEW which are listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

N Clemit ACA, FCCA JWPCreers LLP Chartered Accountants Genesis 5 Church Lane Heslington York YO10 5DQ 15 December 2021

RICCALL REGEN 2000

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

Note
INCOME
Charitable activities
4
Other trading activities
2
Total income
EXPENDITURE
Raising funds
3
Charitable activities
4
Total expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
fund
£
278,544
16,295
__
294,839
_
24,972
272,954

297,926

(3,087)
-

(3,087)
109,353
_____
106,266		 Restricted
fund
£
-
-
_
-

-
24,508
__
24,508
_
(24,508)
-
_
(24,508)
1,083,967
_____
1,059,459
 2021
Total
£
278,544
16,295
__
294,839
_
24,972
297,462

322,434

(27,595)
-
__
(27,595)
1,193,320
__
1,165,725
 2020
Total
£
342,848
52,742
__
395,590
_
43,591
337,698

381,289

14,301
-

14,301
1,179,019
_____
1,193,320

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

RICCALL REGEN 2000 (Company number 3905959)

CONSOLIDATED BALANCE SHEET AT 30 JUNE 2021

Note
£
FIXED ASSETS
Tangible fixed assets
10
CURRENT ASSETS
Stocks
2,402
Debtors
11
35,226
Cash at bank and in hand
85,984
_
123,612
CREDITORS- Amounts falling due within one year
12
(68,870)

NET CURRENT ASSETS
CREDITORS –Amounts falling due after one year
14
NET ASSETS
THE FUNDS OF THE CHARITY
Restricted fund
17
Unrestricted funds
General fund
16
106,487
Non-Charitable trading funds
(221)
____
18		 2021
£
1,123,083
54,742
(12,100)
_
1,165,725

1,059,459
106,266
_
1,165,725
 2020
£
1,152,149
2,941
43,097
67,224
__
113,262
(42,091)
_
71,171
(30,000)
_
1,193,320
1,083,967
98,945
10,408
__
109,353
______
1,193,320

For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These financial statements were approved by the trustees on 15 December 2021 and are signed on their behalf by:

…………………………………………………… ........................................................................... S NOBLE G STOCKILL

RICCALL REGEN 2000 (Company number 3905959)

BALANCE SHEET AT 30 JUNE 2021

Note
£
FIXED ASSETS
Tangible fixed assets
10
Investments
5
CURRENT ASSETS
Stocks
-
Debtors
11
36,690
Cash at bank and in hand
83,855
_
120,545
CREDITORS- Amounts falling due within one year
12
(65,682)
___
NET CURRENT ASSETS
CREDITORS –Amounts falling due after one year
14
NET ASSETS
THE FUNDS OF THE CHARITY
Restricted fund
17
Unrestricted fund
16		 2021
£
1,123,083
100
54,863
(12,100)
_
1,165,946

1,059,459
106,487
_
1,165,946
 2020
£
1,152,149
100
-
47,017
54,350
__
101,367
(40,704)
_
60,663
(30,000)
_
1,182,912
1,083,967
98,945
______
1,182,912

For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These financial statements were approved by the trustees on 15 December 2021 and are signed on their behalf by:

........................................................................... G Stockill

…………………………………………………… S NOBLE

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. ACCOUNTING POLICIES

Basis of Accounting

Riccall Regen 2000 is a charitable company and is registered in England. In the event of the company being wound up or dissolved, funds remaining after all debts and liabilities are settled will be transferred to a similar institution with similar charitable objectives. The charity’s registered office and the nature of the charity’s operations and principal activities are stated on the report of the board of trustees.

The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

Riccall Regen 2000 meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are prepared in sterling which is the functional currency of the charity.

Group financial statements

These financial statements consolidate the results of the charity and its wholly owned subsidiary Riccall Regen Bar CIC on a line by line basis. A separate statement of financial activities, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006.

Donations and Grants

Income from donations and grants, including capital grants, are included in income when these are receivable, except as follows:

When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in income of restricted funds when receivable.

All other income is included on the statement of financial activities on a receivable basis.

Expenditure

Expenditure is included in the statement of financial activities on an accruals basis and has been classified under headings that aggregate all costs related to the category.

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

Tangible Fixed Assets

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition.

Depreciation is calculated so as to write off the cost of the asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold property Equipment Office equipment Fixtures and fittings Nursery equipment Computer equipment

Over term of lease 10% straight line 20% straight line 20% straight line 20% straight line 33.3% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value.

Pension costs

Riccall Regen contributes to defined contribution pension schemes. The assets of the schemes are held separately from those of the charity. Pension costs charged in the statement of financial activities represent the contributions payable by the charity in the year.

Fund Accounting

Funds held by the charity are either:

The parent and subsidiary share the same purpose, and therefore the unrestricted funds of Riccall Regen Bar CIC are a component of the unrestricted funds of the group.

Operating Lease

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the leasor are charged against profits on a straight line basis over the period of the lease.

Finance Lease

Assets obtained under finance leases are capitalised in the balance sheet. They are depreciated over their estimated useful lives or the lease term whichever is shorter.

The capital element of the future payments is treated as a liability.

Debtors and Creditors

Debtors and creditors are recorded when receivable or payable.

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘ Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are recognised at transaction price unless the arrangement constitutes a financial transaction.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

2.
OTHER TRADING ACTIVITIES
2021
2021
Unrestricted Restricted
£
£
Catering and bar income
1,032
-
Trading subsidiary
15,263
-
__

16,295
-
3.
RAISING FUNDS
Catering and bar expenditure
10,204
-
Trading subsidiary
14,768
-

__
24,972
-
4.
CHARITABLE ACTIVITIES
2021
2021
Unrestricted Restricted
£
£
Income was received for:
Riccall Regen Centre
90,951
-
Windmill Nursery
163,754
-
Space Base
23,839
-
__

278,544
-
Expenditure on projects:
Riccall Regen Centre
112,769
24,508
Windmill Nursery
153,994
-
Space Base
6,191
-

___
272,954
24,508		 2021
2020
2020
Total
Unrestricted Restricted
£
£
£
1,032
14,403
-
15,263
38,339
-
__
_

16,295
52,742
-
10,204
17,905
-
14,768
25,686
-
__
_

24,972
43,591
-
2021
2020
2020
Total
Unrestricted Restricted
£
£
£
90,951
85,315
28,314
163,754
183,619
-
23,839
45,600
-
__
_
__
278,544
314,534
28,314
137,277
118,581
56,210
153,994
143,880
-
6,191
19,027
-
__
_
___
297,462
281,488
56,210		 2020
Total
£
14,403
38,339
__
52,742
17,905
25,686
_
43,591
2020
Total
£
113,629
183,619
45,600

342,848
174,791
143,880
19,027
___
337,698

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

5. TRADING SUBSIDIARY

The wholly owned trading subsidiary, Riccall Regen Bar CIC (company number 11546921), which was incorporated in England and Wales on 1 September 2018, plans to pay profits to the charity by gift aid. The charity owns the entire issued share capital of 100 ordinary share of £1. A summary of the trading results is shown below:-

Summary profit and loss account 2021 2020
£ £
Turnover 15,263 38,339
Cost of sales (8,483) (15,176)
Administration expenses (7,001) (12,755)
______ ______
Net profit (221) 10,408
Amount gifted to the charity (10,408) (7,589)
____ ____
Retained in subsidiary (10,629)
 2,819
The assets and liabilities of the subsidiary were:
Current assets 4,532 15,815
Creditors: amounts falling due within one year (4,653) (5,307)
_____ _____
Total net assets (121)
 10,508
Called up share capital 100 100
Profit and loss reserves (221) 10,408
_____ _____
Aggregate share capital and reserves (121) 10,508

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

6. AND DONATIONS RECEIVABLE

2021
2021
Unrestricted Restricted
£
£
The following grants and
donations were included in
charitable activities:
Selby District Council grants
39,214
-
Drax Power
-
-
WHSmith
-
-
HMRC CJRS
27,037
-
Yorkshire Bank
-
-
Power to change
-
-
_
__
66,251
-
7.
GOVERNANCE COSTS
2021
2021
Unrestricted Restricted
£
£
Accountancy fees
4,902
-		 2021
2020
2020
Total
Unrestricted Restricted
£
£
£
39,214
-
-
-
-
350
-
-
200
27,037
-
27,764
-
500
-
-
25,000
-
_

__
66,251
25,500
28,314
2021
2020
2020
Total
Unrestricted Restricted
£
£
£
4,902
4,908
-
 2020
Total
£
-
350
200
27,764
500
25,000
_____
53,814
2020
Total
£
4,908

8. STAFF COSTS

Consolidated staff costs during the year were as follows:
Wages and salaries
Social security costs
Pension
Average number of employees during the year
No employee earned £60,000 per annum or more.		 2021
£
209,674
9,167
3,162
______
222,003

18
 2020
£
228,592
11,494
3,068
______
243,154
23

The total paid for key management personnel during the year was £27,445 Gross pay, £2,573 employer’s NI & £636 employer’s pension contribution (2020: £29,611, £2,890 & £703 respectively).

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

9. MOVEMENT IN TOTAL FUNDS FOR THE YEAR

MOVEMENT IN TOTAL FUNDS FOR THE YEAR
2021 2020
This is stated after charging: £ £
Depreciation 29,066 33,737
Accountancy fees:
Independent examination and accounts preparation 3,894 3,900
Payroll services 1,008 1,008

10. TANGIBLE FIXED ASSETS

GROUP & COMPANY
Cost
Balance at 1 July 2020
Additions
Balance at
30 June 2021
Depreciation
Balance at 1 July 2020
Charge for year
Balance at
30 June 2021
Net book value
at 30 June 2021
Net book value
at 30 June 2020		 Leasehold
property Equipment
£
£
1,401,786
91,843
-
-
__
_
1,401,786
91,843
__

284,300
91,214
14,163
219

__
298,463
91,433
__
___
1,103,323
410

1,117,486
629
 Nursery
equipment
£
45,954
-
_
45,954

45,812
142
__
45,954
_____
-
142		 Fixtures &
fittings

£
90,762
-
_
90,762

57,393
14,367
__
71,760
_____
19,002
33,369		 Computer
Office
equipment equipment Total
£
£
£
82,501
17,529 1,730,375
-
-
-
_
 _
82,501
17,529 1,730,375

 _
82,501
17,006
578,226
-
175
29,066
__
_
_
82,501
17,181
607,292
__
_
____
-
348 1,123,083

-
523 1,152,149
 Computer
Office
equipment equipment Total
£
£
£
82,501
17,529 1,730,375
-
-
-
_
 _
82,501
17,529 1,730,375

 _
82,501
17,006
578,226
-
175
29,066
__
_
_
82,501
17,181
607,292
__
_
____
-
348 1,123,083

-
523 1,152,149
1,152,149

The company has signed a 99 year lease which started from 30 September 1999.

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

11. DEBTORS AND PREPAYMENTS

11. DEBTORS AND PREPAYMENTS
Group Company Group Company
2021 2021 2020 2020
£ £ £ £
Trade debtors 29,163 29,163 36,955 36,955
Prepayments 6,063 6,063 6,142 6,142
Amounts due from subsidiary company - 1,464 - 3,920
______ ______ _____ ______
35,226
 36,690
 43,097
 47,017
12. CREDITORS - Amounts falling due within one year Group Company Group Company
2021 2021 2020 2020
£ £ £ £
Bank loans 4,898 4,898 2,778 2,778
Finance lease (see note 15) - - 337 337
Trade creditors 12,232 10,254 13,101 12,912
Other creditors 1,739 1,739 3,569 3,569
Tax and social security 2,138 2,138 2,178 2,178
Accruals 4,075 2,865 5,466 4,268
Deferred income (see note 13) 43,788 43,788 14,662 14,662
______ ______ ______ ______
68,870
 65,682
 42,091
 40,704
13. DEFERRED INCOME 2021 2020
£ £
Balance brought forward 14,662 21,329
Release in year (14,662) (21,159)
Deferred in year 43,888 14,492
_____ ______
Balance at 30 June 2021 43,888 14,662
Relating to less than one year 43,788 14,662
Relating to over one year

100
 -
Deferred income relates to room hire in advance, Windmill Nursery and event deposits.
14. CREDITORS – Amounts falling due after one year Group Company Group Company
2021 2021 2020 2020
£ £ £ £
Bank loans 12,000 12,000 30,000 30,000
Deferred income (see note 13) 100 100 - -
______ ______ _____ ______
12,000 12,000 30,000 30,000

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

15. FINANCE LEASE

Total of future minimum lease payments:

16.

2021 2020
£ £
Due less than one year - 337
_____ ____
- 337
UNRESTRICTED FUNDS
As at Consolidation As at
1 July 2020 Income Expenditure adjustments 30 June 2021
£ £ £ £
Unrestricted funds
General 98,945 279,576 (282,442) 10,408 106,487
Non-charitable trading
funds 10,408 15,263 (15,484) (10,408) (221)
______ ______ _____ _____ ______
109,353 294,839 (297,926) - 106,266

Unrestricted funds

Non-charitable trading funds are retained profits held in Riccall Regen Bar CIC.

The consolidation adjustments column represents the transactions between the charity and Riccall Regen Bar CIC removed when preparing consolidated group accounts.

As at Consolidation As at
1 July 2019 Income Expenditure adjustments 30 June 2020
£ £ £ £
Unrestricted funds
General 59,567 331,183 (299,394) 7,589 98,945
Non-charitable trading
funds 7,589 28,505 (18,097) (7,589) 10,408
______ ______ _____ _____ ______
67,156 359,688 (317,491) - 109,353

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

17. RESTRICTED FUNDS
RESTRICTED FUNDS
 2021
Opening Movement Transfers to Closing
Balance Income Expenditure General Funds Balance
£ £ £ £ £
Capital fund 1,058,146 - (13,495) - 1,044,651
Kitchen refurbishment fund 550 - - - 550
Refurbishment fund 10,000 - (5,000) - 5,000
Changing places/automatic doors fund 15,271 - (6,013) - 9,258
__ _____ _____ _____ __
1,083,967 -
 (24,508)
 - 1,059,459
2020
Opening Movement Transfers to Closing
Balance Income Expenditure General Funds Balance
£ £ £ £ £
Capital fund 1,071,641 - (13,495) - 1,058,146
Small hall/toilets refurbishment fund 1,769 - (1,769) - -
Play surface refurbishment fund 2,009 - (2,009) - -
Children’s/nursery facilities fund 160 - (160) - -
Kitchen refurbishment fund - 550 - - 550
Covid job retention scheme - 27,764 (27,764) - -
Refurbishment fund 15,000 - (5,000) - 10,000
Changing places/automatic doors fund 21,284 - (6,013) - 15,271
__ _____ _____ _____ __
1,111,863 28,314
 (56,210)
 - 1,083,967

The difference between the grants received and the fund balance at 30 June 2021 relates to depreciation charged on the assets purchased.

The Capital Fund was established to provide the building and equipment needed for a Community Centre at Landing Lane.

The Kitchen Refurbishment Fund are funds given by Drax and WHSmith towards the cost of a kitchen refurbishment.

The Refurbishment Fund are funds given by Power2Change towards refurbishing the centre.

The Changing Places/Automatic Doors Fund are funds given by Drax, Daniel Gath Homes, Hedley Foundation, Norman Collinson, Persimmon, YBS charitable trust, Co-op Foundation, Warburtons, Morrisons foundation, Tesco Bags of Help, Gannett foundation and Screwfix foundation towards providing changing and easy access facilities for the less able.

The Small Hall/Toilets Refurbishment Fund (2020 only) are funds given by Linden Homes, plus individual donations towards the purchase of new flooring and blinds, and the decoration of the small hall and toilet areas.

The Play Surface Refurbishment Fund (2020 only) are funds given by the Post Code Community Trust, plus individual donations and funds given through easyfundraising.org.uk towards the replacement of the safety surfaces in the outdoor play and nursery areas.

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

17. RESTRICTED FUNDS (cont)

The Children’s/Nursery Facilities Fund (2020 only) are funds given through Localgiving.com, plus individual donations and funds raised by the nursery staff towards the purchase of a Turtle Bus for Windmill Nursery.

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balances at 30 June 2021 are represented by:

Net
Tangible
current assets/
fixed assets
(liabilities)
£
£
Restricted funds
Capital fund
1,044,651
-
Kitchen refurbishment fund
-
550
Refurbishment fund
5,000
-
Changing places/ automatic doors fund
9,258
-
Unrestricted funds
General fund
64,174
54,192
_
_
1,123,083
54,742
Fund balances at 30 June 2020 are represented by:
Net
Tangible
current assets/
fixed assets
(liabilities)
£
£
Restricted funds
Capital fund
1,058,146
-
Kitchen refurbishment fund
-
550
Refurbishment fund
10,000
-
Changing places/ automatic doors fund
15,271
-
Unrestricted funds
General fund
68,732
70,621
_
_
1,152,149
71,171		 Non-current
liabilities
Total
£
£
-
1,044,651
-
550
-
5,000
-
9,258
(12,100)
106,266
__
_
(12,100)
1,165,725
Non-current
liabilities
Total
£
£
-
1,058,146
-
550
-
10,000
-
15,271
(30,000)
109,353
_
____
(30,000)
1,193,320

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (CONTINUED)

19. RELATED PARTIES

Howard Adamson (Riccall Regen 2000’s secretary now retired, resigned August 2020) received £nil (2020: £2,500) for consultancy services.

Justine Hodgson, the daughter of Noel Shouksmith is employed as Centre Manager and was paid £27,445 (2020: £29,610) for the role. £nil (2020: £106) was outstanding at the end of the year for a business purchase on private card.

Steve Noble’s daughter, Elin was employed earning £nil (2020: £33), Noel Shouksmith’s son in law, Craig earned £2,357 (2020: £3,153) and Noel Shouksmith’s granddaughter, Ciccone earned £nil (2020: £2,364).

During either year no trustee was reimbursed for travel expenses and no trustees received any remuneration.

20. COMMITMENTS

At 30 June 2021 the company had the following total commitments under non-cancellable operating leases:

leases:
2021 2020
£ £
Operating lease which expires:
Within one year 6,915 5,725
Within two to five years 1,602 8,522
_____ ____
8,517 14,247

21. LEGAL STATUS

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of a winding up is £1.

22. RESULTS OF RICCALL REGEN 2000

The gross income of the charity for the year was £290,701 (2020: £367,085) and the result of the charity for the year was a net deficit of £16,966 (2020: deficit £11,482).