2020-12-31-accounts - Bromley Voluntary Sector Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

As at 31 December		2020
					Note		2020f		2019 f
Fixed assets:
Tangible assets							283,527		340,557
Current assets:
Debtors					10	12,229		14,954
Cash at bank and	in	hand				146,261		178,511
						158,490		193,465
Liabilities:
Creditors: amounts		falling due within		one year	11	9,422		10,550
Net current assets	/	(liabilities)					149,068		182,915
Total assets less current			liabilities				432,595		523,472
Total net assets /	(liabilities)				12		432,595		523,472
The funds ofthe charity:					13
Restricted income	funds						283,979		340,557
Unrestricted income		funds:
Designated funds
General funds						148,615		182,915
Total unrestricted	funds						148,615		182,915
Total charity funds							432,595		523,472

For the ear ended 31 Decembe	r	202	0
							2020			2019
					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Note	f	f		f		f
income from:
Donations and legacies				2	6,789	3,742	10,531
Charitable activities
Prowsian of accomadauon	&
support services to other charities				3	289,544		289,544	358,267		358,267
Other trading activities —sale of		cards
Investment Income					1,124		1,124	1,340		1,340
Total income					297,457	3,742	301,199	359,607		359,607
Expenditure on:
Charitable activities
Provision of accomodation & support			services		to other charities
Staff costs (Note 5) Depreciation Light, Heat and Telephone Bad Debt					66,348 20,159 943	60,804	66,348 60,804 20,159 943	54,974 26,545 3,682	63,689	54,974 63,689 26„545 3,682
Printing, Stationery & Office Expenses Repairs and Maintenance Cleaning					2,144 13,818 12,384		2,144 13,818 12,384	3,321 9,366 I 9,768		3,321 9,366 19,768
Rent, Rates, Insurance & Subscriptions Legal and Professional Fees					146,215 6,651		146,215 6,651	141,456 1,289		I41,456 1,289
Advertising/Promation
Accounting, admin support independent examination	and Fees				9,923		9,923	6,556		6,556
Support costs Light, Heat and Telephone Printing, Stationery & Office Expenses Repairs and Maintenance Cleaning					12,231 3,626 12,263 9,388	972	12,231 4,598 12,263 9,388	20,023 6,722 6,807 16,345		20,023 6,722 6,807 16,345
Rent, Rates, Insurance & Subscriptions Sundry Expenses Legal and Professional Fees Advertising/Promotion					4,359 2,241 486		4,359 2,241 486	5,136 1,132 434 2,429		5,136 1,132 434 2,429
Accounting, admin support independent examination	and Fees				7,122		7,122	8,913		8,913
Total expenditure					330,301	61,776	392,077	334,898	63,689	398,587
Net income / (expenditure) for	the year			4	(32,844)	(58,034)	(90,878)	24,709	(63,689)	(38,980)
Transfers between funds					(1,456)	1,456		(25,839)	25,839
Net movement in funds				13	(34,300)	(56,578)	(90,878)	(1,130)	(37,850)	(38,980)
Reconciliation offunds:
Total funds brought forward					182,915	340,557	523,472	184,045	378,407	562,452
Total funds carried forward					148,615	283,979	432,594	182,915	340,557	523,472

Income fro	m donations	and	legacie	s
							2020	2019
					Unrestricted	Restricted	Total	Total
					f	E	f	E
Donations	and legacies				6,789	3,742	10,531
					6,789	3,742	10,531
Income from charitable		activities
							2020	2019
					Unrestricted	Restricted	Total	Total
					f	f	f	f
Rental Income and Service Charges				Receivable	289,544		289,544	358,267
Total income from charitable			activities		289,544		289,544	358,267

This is stated	after charging
		2020	2019
		f
Depreciation		60,804	68,563
Independent	examination	1,440	1,440

						2020	2019
						f	f
Salaries and	wages					63,538	47,314
Social security costs						1,497	1,165
Employer's	contribution	to defined	contribution	pension	schemes	1,313	539
						66,348	49,018

The averag follows:	e number of employees (head count based	on number of staff employed) during the y	ear was as
		2020	2019
		No.	No.
Charitable	activities	3.0	2.0
		3.0	2.0

Tangible fixed assets
		Fixtures and	Telephone	Leasehold
		fittings	equipment	property	Total
		f	f	f	f
Cost or valuation
At the start of the year		144,283	45,314	1,226, 177	1,415,774
Additions in year		3,384		390	3,774
At the end of the year		147,667	45,314	1,226,567	1,419,548
Depreciation
At the start of the year		104,880	7,511	962,826	1,075,217
Charge for the year		7,965	3,776	49,063	60,804
At the end ofthe year		112,845	11,287	1,011,889	1,136,021
Net book value
At the end ofthe year		34,822	34,027	214,678	283,527
At the start ofthe year		39,403	37,803	263,351	340,557
All of the above assets are	used for charitable	purposes.
Debtors
				2020	2019
				f	f
Trade debtors				5,977	6,483
Other debtors				837	1,238
Prepayments and accrued	income			5,415	7,233
				12,229	14,954

Creditors	: amounts falling due within one year
		2020	2019
Trade creditors		2,972	2,849
Taxation	and social security	1,032	256
Other creditors		1,131	1,192
Accrual s		4,287	6,253
		9,422	10,550

Analysis of net assets between funds at the	end of year
	General
	unrestricted f	Designated	f	Restricted	Total funds f
Tangible fixed assets				283,527	283,527
Net current assets	148,615			452	149,068
Net assets at the end ofthe year	148,615			283,979	432,595

Analysis of net assets between funds at the	start of year	start of year
	General
	unrestricted		Designated		Restricted	Total funds
		f		f	f
Tangible fixed assets					340,557	340,557
Net current assets	182,915					182,915
Net assets at the end ofthe year	182,9\|5			340,557	523,472

For 13	the ear ended 31 D Movemems in funds	ece		mb	er	202	0
								At the start	income	&	Expenditur		At the end of
	During the	year						of the year E	gains E		e & losses f	Transfers f	the year f
	Restricted funds:
	Leasehold Premises	and		Fixtures			&
	Fittings							340,557			(60,664)	1,456	281,349
	London City Bridge	Trust			grant for
	equipment for working			from home					2,742		(487)		2,255
	Direct Line Group grant			for		PPE
	equipment								1,000		(625)		375
	Total restricted funds							340,557	3,742		(61,776)	1,456	283,979
	Unrestricted funds:
	General funds							182,915	297,457		(330,301)	(1,456)	148,615
	Total unrestricted funds							182,915	297,457		(330,301)	(1,456)	148,615
	Total funds							523,472	301,199		(392,076)		432,595
13	Movements in funds
								At the start	Income	&	Expenditur		At the end of
	During previous		year					of the year	gains		e & losses	Transfers	the year
								E		E	E	E
	Restricted funds:
	Leasehold Premises	and		Fixtures			&
	Fittings							378,407			(63,689)	25,839	340,557
	Total restricted funds							378,407			(63,689)	25,839	340,557
	Unrestricted funds
	~Di sf d:
	Future building and	kitchen				works		10,000				(I0,000)
	Future Redecoration	of		Letable Space				I 5,000				(I 5,000)
	Replacement of Fixtures,				Fittings		&
	Equipment							7,078				(7,078)
	Replacement ofTelephone					System
	Total designated funds							32,078				(32,078)
	General funds							151,967	359,607		(334,898)	6,239	182,915
	Total unrestricted funds							184,045	359,607		(334,898)	(25,839)	182,915
	Total funds							562,452	359,607		(398,587)		523,472

for e	ach of the following periods
		Property
		2020	2019
		f	f
Less	than one year	137,448	137,448
One	to two years	137,448	137,448
Two	to five years	549,792	412,344
Over	five years
		824,688	687,240