2021-03-31-accounts - Haslingden Community Link

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		Page
Report ofthe Trustees		1 to 9
Independent Examiners Report		10
Statement ofFinancial	Activities
Balance Sheet		12
Cash Flow Statement		13to 14
Notes to the Financial	Statements	15 to 21
Detailed Statement of	Financial Activities	22

				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	Funds
	Notes		I	8
INCOMING RESOURCES
Donations and legacies		7,478		7,478	33,400
Charitable activities		171,565	100,056	271,621	113,003
Other trading activities		366,122		366,122	474,806
Investment income		77		77	365
Total incoming resources		545,242	100,056	645,298	621,574
RESOURCES EXPENDED
Charitable activities		497,056	156,497	653,553	652,417
Total resources expended		497,056	156,497	653,553	652,417
NKT (DEFICIT)/SURPLUS		48,186	(56,441)	(8,255)	(30,843)
Transfers		(10,935)	10,935
NKT MOVEMENT IN FUNDS	16	37,251	(45,506)	(8,255)	(30,843)
RECONCILIATION OF FUNDS
Total funds brought forward		555,337	148,519	703,856	734,699
TOTAL FUNDS CARRIED FORWARD		592,588	103,013	695,601	703,856

		31.3.21	31.3.20
	Notes
FIXEDASSETS
Tangible assets		491,302	550,920
CURRENT ASSETS
Stocks		1,453	1,577
Debtors	12	19,570	16,433
Cash at bank		344,124	187,818
		365,147	205,828
CREDITORS
Amounts falling due within one year	13	(114,599)	(52,892)
NET CURRENT ASSETS		250,548	152,936
TOTAL ASSETSLESSCURRENT
LIABILITIES		741,850	703,856
CREDITORS
Amounts falling due after more than one year	14	46,249
NKT ASSETS		695,601	703,856
FUNDS	16
Unrestricted funds		592,588	555,337
Restricted funds		103,013	148,519
TOTAL FUNDS		695,601	703,856

				31.3.21	31.3.20
			Notes
Cash flows from charitable activities
Cash generated from activities				~106229	32,777
Net cash from charitable activities				106,229	32,777
Cash flows from investing activities
Purchase oftangible fixed assets					(55,705)
Interest received				77	365
Net cash from investing activities				77	(55,340)
Cash flows from financing activities
New loans in year				50,000
Capital repayments in year
Net cash &om financing activities				50,000
Increase/(decrease) in cash and cash equivalents				156,306	(22,563)
Cash and cash equivalents at the beginning		ofthe year		187&818	210,381
Cash generated from charitable	activities			344,124	187,818

RECONCILIATIO	N OF DEFI	CITTO CASH GENERATE	D FROM ACTIVITIES
			31.3.21	31.3.20
Deficit for the year			(8&255)	(30,843)
Depreciation charges			59,618	61,838
Finance income			(77)	(365)
			51,286	30,630
(Increase)/decrease (Increase)/decrease	in stocks in trade and other debtors		124 (3,137)	(1,577) 11,094
Increase/(decrease)	in trade and other creditors		57,956	(7,370)
Cash generated from charitable		activities	106,229	32,777

Balan	ce Sheet amounts:
Year	ended 31"March 2021
		31.3.21	1.4.20
Cash	and cash equivalents	344,124	187,818
Year	ended 31n March 2020
		31.3.20	1.4.19
			f
Cash	and cash equivalents	187,818	210,381

			31.3.21	31.3.20
Grant income
Big Issue Invest: Social Enterprise		Support Fund	40,451
Lancashire environmental Fund			29,566
Community Foundation; Food Bank			13,300
Power 2 change			13,233	85,416
Rossendale Borough Council: Food Bank			2,980
Art Project			526
Groundwork: Tesco Community	Fund		500
REAL				11,353
Awards for All				9,146
Peel Trust				5,000
Other			126	2,088
COVID-I9 Specific grants:
Job Retention Scheme Fund			88,639
The National Lottery Community		Fund	40,000
The Retail, Hospitality and Leisure Grant Fund			34,000
The Local Restrictions Support	Grants		8,300
			271,621	113,003

			31.3.21	31.3.20
Community Centre		income	11,003	31,914
Nursery	fees		303,085	319,913
Catering	income		21,648	86,606
Mitchell	building		29,530	30,083
Sundry	income		856	6,290
			366,122	474,806

DIRECT COSTS OF	CHARITABL	E ACTIVITIES
		Unrestricted	Restricted	Total	Total
		funds	funds	31.3.21	31.3.20
Staff costs		340,357	49,407	389,764	387,130
Premises costs		25,411	760	26,171	58,658
Insurance		4,699		4,699	6,109
Nursery and resources	costs	463		463	1,455
Catering costs		18,690	6,395	25,085	48,007
Postage, stationery &	phone	6,780	116	6,896	5,422
Advertising		108		108	5,336
Sundries		9,013	810	9,823	15,044
Repairs and equipment	hire	21,875	59,444	81,319	10,943
Computer costs		3,167	986	4,153	3,927
Tl'anung costs		164		164	1,531
Motor and travel		248	2,919	3,167	1,920
Professional fees		747	10	757	5,511
Bank charges		2,602		2,602	3,167
Depreciation		23,968	35,650	59,618	61,838
Bad debts		(1,776)		(1,776)	(4,101)
Support costs (note 7)		40,540		40,540	40,520
		497,056	156,497	653,553	652,417

		Support	Total	Total
	Governance	costs	31.3.21	31.3.20
				I
Staffcosts		34,695	34,695	35,479
Accountancy	5,845		5,845	5,041
	5,845	34,695	40&540	40,520

Net resources	are stated	after charging/(crediting):
			31.3.21	31.3.20
Depreciation			59,618	61,838
Independent	examiner's	fee	2,760	2,760

				Total	Total
				31.3.21	31.3.20
Wages and salaries				396,943	393,987
Social security costs				16,556	18,301
Other pension costs				10,960	10,321
				424,459	422,609
The average monthly	number ofemployees	during	the year was as follows:
				31.3.21	31.3.20
Employees				35	36

TANGIBLE FIXEDASSE	TS
	Children' s	Improvements		Motor
	Centre	to property	Equipment	Vehicles	Totals
COST
At 1st April 2020	518,837	714,644	261&938	8,732	1&504,151
Additions
At 31stMarch 2021	518,837	714,644	261,938	8,732	1,504,151
DEPRECIATION
At 1stApril 2020	141,454	622,995	186,599	2,183	953,231
Charge for year	10,377	10,487	36,571	2,183	59,618
At 31stMarch 2021	151,831	633,482	223,170	4,366	1,012&849
NKT BOOK VALUE
At 31stMarch 2021	367,006	81,162	38,768	4,366	491,302
At 31stMarch 2020	377,383	91,649	75,339	6,549	550,920

DEBTORS:AMOUNTS FALLING DUK WIT	HIN ONK YEAR
	31.3.21	31.3.20
	8
Trade debtors	6,210	7,993
Prepayments	13,360	8,440
	19,570	16,433

CREDITORS: AMOUNTS FALLING DUE WITHIN	ONE YEAR
	31.3.21	31.3.20
Bank loans	3,751
Trade creditors	48,158	37,325
Taxation and social security	5,863	4,350
Accruals and deferred income	54,421	8,978
Other creditors	2,406	2,239
	114,599	52,892

							31.3.21	31.3.20
Bank loans							46,249
							46,249
Amounts falling	due in more than			five years:
Repayable by instalments
Bank loans							25,013
ANALYSIS OF	NET ASSETSBETWEEN				FUNDS
					Unrestricted	Restricted	31.3.21	31.3.20
					funds	funds	Total funds	Total funds
Fixed assets					426,861	64,441	491,302	550,920
Net current assets					165,727	38,572	204,299	152,936
					592,588	103,013	695,601	703,856
MOVEMENT IN		FUNDS
							Net
							movement
						At 1.4.20	in funds	At31.3.21
Unrestricted funds
General fund						120,789	55,491	176,280
Mitchell Building						434,548	(18,240)	416,308
Total unrestricted		funds				555,337	37,251	592,588
Restricted funds
Art Project							526	526
Awards for All						4,480	(1,493)	2,987
Big Issue Invest:	Social Enterprise			Support Fund
Elderly and Dementia						20,000		20,000
Food bank							500	500
Lancashire Environmental			Fund
Peel Trust						2,115	(1,467)	648
Power to change						93,862	(33,974)	59,888
REAL						27,620	(9,598)	18,022
Other						442		442
Total restricted	funds					148,519	(45,506)	103,013
TOTAL FUNDS						703,856	(8,255)	695,601

					Incoming	Resources		Movement
					resources	expended	Transfers	in funds
Unrestricted funds
General fund					545,242	478&816	(10,935)	55&491
Mitchell Building						18,240		(18,240)
Total unrestricted		funds			545,242	497,056	(10,935)	37,251
Restricted funds
Art Project					526			526
Awards for All						1,493		(1,493)
BigIssue Invest:	Social Enterprise			Support	40,451	40,451
Fund
Elderly and Dementia
Food Bank					16,280	15,780		500
Lancashire Environmental			Fund		29,566	40,501	10,935
Peel Trust						1,467		(1,467)
Power 2 change					13,233	47,207		(33,974)
REAL						9,598		(9,598)
Other
Total restricted	funds				100,056	156,497	10,935	(45,506)
TOTAL FUNDS					645,298	653,553		(8,255)
OPERATING LEASE COMMITMENTS
							31.3.21	31.3.20
Expiry date:
Within one year							4,776	5,237
Between one and	five years						1,856	6,632
							6,632	11,869

						31.3.21	31.3.20
INCOMING RESOURCES
Donations and legacies						7,478	44,753
Incoming resources from			charitable		activities
Power 2 Change						13,233	85,416
Big Issue Invest: Social Enterprise				Support Fund		40,451
Lancashire Environmental			Fund			29,566
Community Foundation:		Food Bank				13,300
COVID-19 grants						170,939
Other grants						4,132	16,234
						271,621	101,650
Other trading activities
Community Centre income						11,003	31,914
Nursery fees						303,085	319,913
Catering						21,648	86,606
Mitchell building						29,530	30,083
Sundry income						856	6,290
						366,122	474,806
Investment income						77	365
Total incoming resources						645,298	621,574
RESOURCES EXPENDED
Charitable activities
Staffcosts						389,764	387,130
Premises costs						26,171	58,658
Insurance						4,699	6,109
Nursery and resources	costs					463	1,455
Catering costs						25,085	48,007
Postage, stationery &phone						6,896	5,422
Advertising						108	5,336
Sundries						9,823	15,044
Repairs and equipment	hire					81,319	10,943
Computer costs						4,153	3,927
Training costs						164	1,531
Motor and travel						3,167	1,920
Professional fees						757	5,511
Bank charges Depreciation oftangible fixed assets						2,602 59,618	3,167 61,838
Bad debts						(1,776)	(4,101)
Governance costs						5,845	5,041
Support costs						34,695	35,479
Total resources expended						653,553	652,417
Net						(8,255)	(30,843)