VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..15 &8T (UTC +11 D 111 P 1M4 Registered number: 3998851 Charity number: 1082243 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..15 &8T (UTC +11 D 111 P 2144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) CONTENTS Page Roference and administrative details of the company. its Trustoes and advisers Trustees. report 3-15 Independent auditovs report on the financial statements 16-19 Statement of financial activities 20 Balance shoet 21 Statement of cash flows Notes to the financial statements 23-41 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..16 &8T (UTC +11 D 111 P 3144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDEO 30 NOVEMBER 2021 Patrons SCM Hunt J Austin Trustees J Unsworth. Chair G Durrant, Vice-chair from 25 March 2021, Treasurer to 2S March 2021 P Phipps J Austin (resigned 28 January 2021 } A Money (appointed 25 March 20211 P Hulme S Jay. Secretary L Reilly T Stares, Treasurer from 25 March 2021 Company registered number 3998851 Charity registered number 1082243 Registered office The Community Furniture Project (NeNrfouryl Unit F, Hambridge Road Industrial Estate Bone Lane Newbury Berkshire RG14 SSS Company secretary S-A Jay Senior management team G K Hughes, Chief Executive J Exelby, Finance Manager (from 4 January 20211 C Newman, Project Manager- Community Furniture Project (Newburyl P O'Hagan, Project Manager- Community Furniture Project IBasingstoke} J McKay, Project Manager- Training & Community Support S Chapman. Project Manager- Growing2gether Project Indepondent auditor James Cowper Kreston Chartered Accountants and sL￿UtOry Auditor 2 Communications Road Greenham Business Park Greenham Newbury Berkshire RG19 6AB Page 1 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..16 &8T (UTC +11 D 111 P4144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS {CONTINUEDI FOR THE YEAR ENOED 30 NOVEMBER 2021 BankeTS Lloyds Bank plc 5 Bridge Street Newbury Berkshire RG14 5BQ Solicitors Gardner Leader Solicitors White Hart House Mad(et Place Newbury Bert(shire RG14 5BA Page 2 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..17 &8T (UTC +11 D 111 P 5144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2021 OBJECTIVES AND ACTIVITIES CHARITABLE OBJECTS The Charitable objects of the organisation are.. The support of persoTrs vtho are in need by reason of their youth, infirniity, or disablement, poverty or social and economic circumstance5 in particular but not exclusively by providing ￿USed fumiture and household goods to support independent living. The support of people wqth special needs or at Social disadvantage, in parbcular by the provision of training and work opportunities. To advance the education of members of the general public. particularly in environmental matters. To promote the conservation. protection and improvement of the physical and natural environmer¢t for the public benefit by promotion of sustainable waste management practices including waste minimisation. reduction of pollution and harm from waste. reuse of waste, recycling of waste and waste recovery activities. MISSION STATEMENT 'The NCRC helps local people by prowding fumrture. household goods. training and serM￿S to supwt independent and sustainable living. We help people to develop work and social skills, and encourage environmentally beneficial activits'es by promoting re-cycling and re-use.. PU8LIC BENEFIT The Trust￿ have complied wth the duty in Section 17 of the Charrties Act 2011 to have due regard to public benefit guidance published by the Charity Commission. The company is a registered charity whose principal objects are - al providing re-used furniture and household goods to relieve those in need by reason of poverty, social or economic circumstances, youth, disabilty or infimiity., bl Providing training, work and volunteering opportunities, particularly to those with special needs, or at a scKial disadvantage, and cl promoting conseNalion and protection of the natural environment, through our sustsinable waste management practices. our environmental projects and through educating the general public. ACHIEVEMENTS AND PERFORMANCE COVID 19 Despite the disruption to social and economic lrfe bought on by the Covid 19 pandemic during the reporting perÉod. the charity continued to deliver rts charitable objects, albeit utilising a wde range of new delivery methods and building on the lessons learned during the first year of the pandemic. Continuing from the previous year, the NCRC took a leading role in the delNery of a wide range of support and services through the Community Hub alongside rts long-standing partners local authorities, charitable organisations, schools and local communities. The NCRC continued to repuTpose its various human and logistic assets tr) ensure that the benefI￿arleS who are nomially supported would continue lo be so in all ways possible. As durirKJ the previous year, due to the pandemic. the NCRC'S primary activities focused on the delivery of essential household go￿ls, food, practical and emotional support. as well as the continuation las far as it was ssiblel of all its nomial aclivilies. 'Normal' activities continued to operate where permitted under the various regulations that were brought in by Govemment overthe course of the year. Page 3 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..17 &8T (UTC +11 D 111 P6144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 NOVEMBER 2021 Also in line wlh the previous year, budgets, finanryal forecasts for income. expenditure and cash flows were continually revised to take account of the various clDsedowns of trading activits'es and regulatory changes. The charity continued lo access a number of Government financial support inilialives that were launched, including.. Job Retention Scheme- The number of staff vtho were on the scheme varied throughout the year depending upon the level at which activities were permitted under the Covid regulations. Retail. Hospilalty and Leisure Grant- the NCRC received numerous grants under this scheme. Local Restriction Support Grant and Closed Business Supwtt payTnent In addition to the above funding. additional monies were received from a number of grant making Irusts to support the NCRC'S Cowd 19 response. These grants directly funded the charity's food distribution, essential lyjusehold goods seNice and support for vulnerable adults. Sale5 income forecasts for the year were amended to reflect the impact of the Ictkdowns and subsequently revised to include projected income when further restrictions were imp05ed. In total 30% days) of the expected trading days were lost in the course of the year due to the closing on 'nonessentsal' business. In more nomial times, the various projects operated by the NCRC deliver a wide range of social and environmental benefits. As reported above, despite the impact of the Cowd 19 pandemic, the charity accomplished a number of notable achievements during the year including" Meeting the demand for the provision of household gwds by those in need and support fcff vulnerable people to engage in supported training and volunteering activities. We had 95,273 customer visits lo our projocts la docroaso of 2%), and suppliod 18,134 indiKriduals and families ￿4th ossontial household itoms {a decrease of 19.69%). 352 people were involved in training and volunteering opportunities over the course of the year, of which 195155¥ol required varying levels of personal support. This continued tr) be well below the number of people engaged prior to the pandemic. The main cause of the reduction arose from schools not engaging in extemal activities and companies not enabling staff to engage in cory￿rate volunteering. During the reporting period we maintained the range of setvices provided lo support vulnerable members of the communities we work in. This included sport and recreational opportunities in mainstream sports such as football and cricket. Football proved particularly popular (when allowedl amongst adults wth leaming disabilities who played as part of a team in a competitive league structure. We continued to maintain excellent partnerships with national and international fumiture and household goods retailers. With the increase in online sales by these companies, we continued lo receive a supply of surplus stock as well as customer returns. The goods received through these partnerships provide not only opportunities for volunteers lo undertake accredited training in warehousing. furniture repair and construction, bul also supported employment pos¢tions. The NCRC provided supported employment opportunthes lo adults wth learning disabilities andlor menlal hoalth issuos using our 5 Stop approach. This was fund•d from tho NCRC'S $olf-g•noratod incom•. In common wth all other activities. there was an overall reduction in the number of sessions delivered during the lockdown periods. We also continued to deliver a scheme aimed at overcoming social isolation for vulnerable members of the local community by enabling them to engage in the wide variety of activities delivered through our project5. The cost of this activity was also funded from the NCRC'S self4Jeneraled income. The Esserrtial Household Goods Scheme IEHGSI operated by the charity continued to provide a vital lifeline for those most in need, with demand for rts services continuing to run at a much higher rate than that experienced we-pandemic. Page 4 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..18 &8T (UTC +11 D 111 P 7M4 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 NOVEMBER 2021 The distribution of food parcels, which saw a huge uplrft in demand in the first year of the pandemic, reduced significantly during the reporting pericxj as supplies in shops and provision of school meals returned to normal. Demand continued, l￿Wever, in particular from families facing financial hardship as well as those who were isolating. We continued and expanded our work with local schools, providing them with an enhanced altemative curriculum prc4ramme for young people outside of mainstream education due to behavioural or emotional problems. Whenever possible, pupils, all of Mthom are vulnerable, continued to attend throughout the lockdo￿ pericKIs. The Give and Take mentoring project run by T&CS continued to focus on intergenerational support betrNeen young and older males through delivery of allemative curriculum activities. The project remained in operation, albeit at a reduced level due lo the restrictions. A new project was launched which is known as 'The Community Crew,. It involves adults and young people wth leaming disabilities carwng out local environmental challenges in s¥Jpport of local communities. This had been an ambition for the past three years bul had been delayed due to the impact of the pandemic and lack of funding. The project is being funded through NCRC setr-generated income. Online shops were launched for both the Newbury and Basingstoke fumiture projects. Over 200 reused laptops were supplied to local schools to enable children from deprived families to participate fulty in ￿line lessons. 12 work placement5 were delivered under the GovemmenV5 ￿Ckstart scheme for young people at risk of long-temi unemployment. The NCRC is wholly dependent on the hard work. dedication and commitment of its volunteers in carrwng out its work in the community. People participate in NCRC volunteering and training activities for a wide range of reasons and motivations and therefore classfying the status of their involvement changes over time. As staled below, the relationship with many volunteers changed dramatically as a result of the pandemic. Staff had to provide on-going and personalised support to mally volunteers who struggled wth their mental health as a result of the fear and isolation they were experiencing. During the reporting year, volunteers donated 34,508 hours of their time. This is a further fall of 440A over the previous year due to the continued reduction in the number and range of activities that could be run due to Covid restn"th"ons. The reduth.on was most pronounced in our work wth schools and corporate volunteer groups. We could not, of course, operate Mqlhoth the generosity of the Greenham Trust, the thousands of people who give us items for re-use and the many granl-making INsts, companies, organisalions and individuals wtho. wth their generous donations, enable us lo provide a range of services that benefrt those in need in our local communty. Community Furnituro Project (Newbury) The Project's much-used furniture and household goods re-use setvice. together with its lively volunteering opportunities, continL*ed to operate despite the additional challenges. Our Project enables people to donate items. knowing that they will be put to good use in helping others to improve their living conditions and benefitting the most vulnerable members of our local community. During the year, we had 81,380 customer visits to the project, supplied 13,018 individuals and families wth essential household items, received 8,050 donations and diverted 355.99 tonnes of material from landfill. Page 5 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..19 &8T (UTC +11 D 111 P W44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 NOVEMBER 2021 Forty-seven people engaged in training and volunteering opwrtunities at the project, contributing a total of 5.184 )urs of their time. Volunteers ranged in age from 14 10 80. The project continued lo coordinate all the NCRC'S logistics activities and Covid response within Wesl Berkshire, including operating the Essential Household Gocds Scheme IEHGSI. In addition. it also managed and coordinated activities with the major furni￿re retailers that support the NCRC. The EHGS Scheme operated by the project is the only recourse for assistance for those in OUT I￿al community who are most in need of the essenlials needed lo sel up and maintain a safe home. It has been a continuing theme since the creation of the project that the most vulnerable people assisted are those who are previously 1￿meleSS and trying to set up home having secured accommodation, or else victims of domeslic violence who are also trying lo restart their lives. or people who. due to mental health issues, live chaotic lives. Prior to Covid 19, the average annual cost of meeting identified need was £35,233. During the past Iwo years. since the onset of the pandemic, the scheme has seen an increase in demand to an average of £116.574 per year. The number of cases supported ha5 similarly increased from an average of 91 per year to 312 per year. The additional demand initially arose out of the increased number of homeless people being placed in pemianenl accommodation, wctims of domestic violence being resettled, vulnerable elderfy people being identified through food provision and families in financial distress. Whilst demand from these sources continued, il was also being increasingly driven due to the 'squeeze' experienced by families already INing under extreme financial pressures and debt. Sample cases of people and famllles asslsted through the EHGS.. We sUPPOrted a mother living on her own with 3 children. Her 13-year-old son has been diagnosed a5 autistic and he had broken the beds and the chests of drawers. One son was sleeping on the sofa and one on a blow-up bed. Due to being fvrloughed, S had a reduction in household income and didny have the funds to replace the broken items. We supplied a very sturdy bed (so that her son cant break it) with a mattress. duvet, pillows and bedding as well as a slandard single bed with a mattress and 2 chests of drawers for the other son. Supplied a young mother who has four children with a cook8r. Sha was in financial difficulty due to having been made redundant. Supported a young mother wth 3 young children, the oklest of whom has a learning disability. The family was moving from a Iwo to a three bedroomed Housing Authorityproperty so that the young person with the leaming disability could have their own bedroom, which had been detemjined as essential for his leaming needs. The family were supplied with a cooker, wardrobe, chest of drawers, a wngle bed and hvo single mattresses. Supported an olderlady who had fled domestic violence and was being accommodat8d in t8mpoTrry housing. We SUppl￿d her wth ifems requirnl lo take up a p&m￿nent tenancy. Supplied a double bed and mattrgss to a family where the mother who has sgv8re soiatica and gall bladderproblems (awaiting surgery) was sleeping on the floor as they had no double bed and the thre8 small childr&n were sleeping in the hvo single beds in the home. Support8d a young nlother who had just moved out of a refuge into private accommodation bvth all items needed to set up a home. She had no possess￿n5, having fled domestic violence. Provided a mother and her 1-year-old son who were moving from temporary accommodafvon into a flat with the essenti81 items to establish a new home. Supplied o gentleman who had been homeless fora Cons￿er0b1e time and had secured a social tenancy with a bed. fftdge freezer, kitchen pack. bedding pack and cljest ofdrawers. Page 6 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..19 &8T (UTC +11 D 111 P9144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 NOVEMBER 2021 Supported a severely disabled elderty gentleman by supplying him with a washing machine as he was unable to access the communal utilty room as it was up a flKJht ofstairs. A family's home was subject to a house fire and the extent of the damage meant that they couldn t go back into the property to recover any oftheirbelongings. We supplied them with a sofa, table and chairs. beds, bedding packs, wardrobe, bunk beds and kitchen pack so that they could make use of temporary accomm¢xlation. We suppl￿1 a disabled fatherand his teenage son with a cooker and washing machine. The family had ended up in financial difficulties when the ￿fe suddenly left and the husband found out that she had racked up considerable debts. Supplied a single bed and bedding fora child who had outgrown their foddler b8d and was sleeping on the floor. Supported a young woman moving into temporary accommodatson who had no household goods. Provided an electric cooker to a young famity ivho were moving into a new tenancy. They had a gas cooker but there was no gas in the new premises. Supplied a fridge fipezer to a family with two ithsabled children. The family needed addIt￿nal freezer capacity as children are on a speual diet and their food is batch cooked and frozen. Suppligd a moth•r and hor four ehildr9n who wor• floo￿g dom0st￿ v￿/&ne• with itgms ngodgd to movg into emergency accommodation. Through membership of the West Berkshire Community Leaming Partnership and West Bthshire Learning Disability Partnership, we are able to contribute to a number of important local issues and deliver practical solulions. Community Furniture Project (Basingstoke) The Project. like the Newbury Project, provides practical 5UPPOrt for people through the provision of fumiture, household goods and appliance reuse, together wth varied volunteering, suppxjrted volunteering and accredited training opporbjnities. The Project had 13,893 customer Msits through the door (previous year 14,9231, supplied S,116 individuals and families with essential household items (previous year 4,9271, received 5,179 donations (previous year 3,9671 and diverted 244 lonnes of material from landfill {previous year 1941- Throughout the lockdown periods the project operated a 'click and collect, serwce for purchases of essential items. Ninety-nine people engaged in training and volunteering opportunities al the Project over the course of the year. This was around 250k of tho pro-pandomic lovols of participation. This was duo to tho majo¥ity of th8 rogular volunteers who were scheduled to partiupale being required to self-isolate due to their vulnerabilty, or being from schools Mthich cancelled all extemal activities. Those who were able lo participate during the year did, however, include 49 volunteers wth high support needs who undertook a range of training and volunteering role5, including furniture repair. warehouse operations. bicycle repair and retail activibes. In total 4.326 hours of volunteering was undertaken during the year. The Project has a strong focus on working wth your¥J people facing a range of personal challenge5. As reported above, this was again severely curtailed during the year due to the restrictions in place. Nonetheless, through combination of remote and faC￿t0-faCe sessions, we continued to provide accredited learning and employabilty support throughout the year. Due to the on-going challenges, only hmo volunteers were assisted back into employment, a huge reduction on the number achieved pre-pandemic. The project is largely delNered by volunteer mentors. Page 7 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..20 &8T (UTC +11 D 111 P 1LV44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 NOVEMBER 2021 During the lockdowns we continued lo work closely with local Housing Associations to supwt those most in need, ensuring that essential items were delivered on a same day basis. When reslriclions allowed, the Youth Mentoring project continued to support vulnerable young people to engage in a range of activities, wth by far Ihe most popular being bicycle repair and maintenan￿. Participants also undertook accredited training in reupholstery, wo)(hvork and electrical repair, supported by our team of dedicated and skilled volunteers. The mental health drop-in serwce, which provides opportunities for people with mental health issues seeking to move into volunteering, along with the Job Club to support people w¢lh disabilities. continued to operate. albeit with much of the support being provided remotely via WhatsApp groups. The Project continued lo participate in the Fareshare scheme. operating as a hub for charities in Basingstoke and Deane by receiving weekly deliveries of 5urplu5 food from the Fareshare operator in Southampton and distributing il lo eight charities in the Borough. The Project also operates a fully equipped kitchen. which allows the preparation of fresh meals daily and training for many participants in the project in basic cookery skills. As wth our T&CS project, we continued to supply food Par￿lS to volunteers to help them self-isolate and in response to refe￿alS received from Housing Associations, schools and local councillors. The demand however reduced steadily over the course of the reporting perw)d. We continued to WOTk in partnership wth the Environmental Departments of Basingstoke and Deane Borough Councsl and Hart District Council. The Project delivers access to reuse services for their residents, predominantly through the operation of a bulky Ithite goods collection seNice in both Council areas. The service continued on a strictly socially distancod basis throughout tho pariod. Training and Community Support IT&CSI T&CS, based at Bone Lane in Newbury, focuses on the delivery of seNices for adults wth complex learning disabilities, people with mental health issues and young people not engaged in mainstream education. SeNices include opportunities for individuals to learn practi¢al. transferable skills and build relationships in a flexible. supportive environment. We seek to inspire them to'think big. in temis of what they can achieve. The Project continued to provide a range of opportunities for the most vulnerable members of our community to engage in supported volunteering. T&CS operates the woothork, fumiture, electrical and bicycle WOTkshop5 that produce finished goods for the shop. In addition, T&CS also delivers a range of accredited training courses, including forklrft truck training and cookery. Delivered in a supportive environment, these cc¥Jrses give opportunib.es to people who might not otherwse readily access training. In response lo demand, the project continued lo provide a day service throughout the lockdowns. In addition, li also provided phone support for families and carers and ran online chat groups to keep supported volunteers engaged with their peers. Tho activitios of tho Social Club woro groatly roducod throughout tho ￿ar duo to thg on-going rostrictions. Tho vo football teams run by the Project were, however, able to complete a number of fixtures in the Berks, Bucks and Oxon Social Inclusion Fcx)tball League as well as plawng friendly matches against other local and regional teams. Our participants are predominantly adult5 and young people {aged 14-19} wilh learning disabilitie5. adults wilh physical disabilities and adults with mental health issues. We work in partnership organisation5 such as West Berkshire Training Consorbum. West Betkshire Council's Adult servI￿s team, local GP practices and schools lo provide opportunities for these groups to participate in meaningful work experience, training and volunteering aclivilies. Page 8 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..20 &8T (UTC +11 D 111 P 11144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 NOVEMBER 2021 When and where appropriate, integration of the above groups is encouraged as it leads to a more rewarding and cohesive experience. It also assists understanding of many different peer groups. Support is provided based on an on4Joing assessment of an individual's requirernents, with a focus on maximising independence. This may require 1..1 support on occasion {which we provide). In addition to the Opp￿￿nitieS offered. the Project also operates a transport service that enables people lo access the Project even from the most remote rural areas of the District, both during the day and for evening events. Our team of Training Officers assisted 46 leamers in gaining accredited qualifications in a wide range of skills including woothvort, fvrniture repair, customer seN¢ce, bicycle repair, health and safety and horticulture. This achievement is all the more noteworthy as a system of blended face-l¢>face and distance leaming had to be developed at very short notice. As well as the wide range of supported volunteering and training activities. T&CS also delivered the ROAR and Kitchenwise schemes15ee below). The ROAR Project supports people wth leaming and physical disabilities by engaging in countryside and environmental maintenance activities, such as footpath clearance. The ROAR group is responsibte for keeping 96 footpaths across Wesl Berkshire clear of litter and obstruction from encroaching hedges and trees. In addition, the team also operate a rapid response service for West Berkshire Council to clear instances of low volume ty tipping. The Project is widely acknowledged as an example of the positive impact people with very complex disabilities can have in their community when they are well supported by trained and experienced staff and volunteers. As with all activities, the gTOUP'S acliiilies were severely curtailed through most of the year. Tho bicyclo rouso proioct - Rgbiko - ropairod and rousod 407 bikos during tho yoar. Tho projoet is ontiroly volunteer-run and as well as supporting volunteers Mth disabilities, tt works wth young people who have been excluded from school or require additional support Dutside mainstream schooling. The project also sUpp￿ts number of schools by providing bikes to enable pupils from more remote areas lo cycle to schwl, as well as bicycle maintenance training for junior school pupils. For a second year since the outbreak of the pandemic. a number of homeless people were placed in hotel accommodation by the local aUlI￿rity in order lo isolate away from the centre of town. We supplied them wlh bicycles free of charge to enable them to access other seNices and appointments. In addition. we also provided bieycles to people who had secured employment but had no access lo personal transport to get them to Work. The Give and Take Project supports young men aged 14 to 24. The young particspants can be broadty described as either being in PRUS, having been excluded from a Unit land not accessing any form of education) or being supported by Home Education las they suffer from severe anxiety). In essence, we deal Hqth the bullies and the bullied. We also work with Young Offenders and those in foster care. Volunteer Mentors work alongside their younger colleagues lo assist them in developng improved strategies for the conduct of their lives going forward. The 'typical' Mentor is aged 45 70 and is either a retired tradesmanlprofessional or skilled enthusiasvhobbyist, Mqth the younger Mentors usually long temi unemployed and seeking to re-enler Wofk. The Project took the lead in the organisation's involvement in the Govemment's Kickslart Scheme to provide 26 paid work placomonts for young pooplo at risk of long-torm unomploymont. A total of 12 young pooplo woro employed during the reporting. Eight were I￿ated at T&CS, ￿ at the Community Furniture Project in Basingstoke and one at Growing 2ogelher. Al successfully completed a range of accredited training courses and tsvo were offered and accepted pem)anent employment wth the chafity. The Kitchenwise training kitchen provided opportunities for volunteers and trainee5 to develcp independent living skills by producing a range of nutritious meals throughout the week. Participants in Krtchenwse also assisted in the running of the Nemloury Toy Appeal which is run in partnership wth Swft Couriers. Over 300 families were supplied wqth new ChrÉstmas presents generousty donated by the public through collection points at local supermarkets. Page 9 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..21 &8T (UTC +11 D 111 P 12144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 NOVEMBER 2021 As reported above, in response to the impact of the pandemic. T&CS continued lo operate the hub established to distribute food during the previous year. As anlicipaled. there was a significant reduction in demand as normal supply routes were re-eslablished Ihroughout the year. Food continued to be received from a range of sources that we have worked with over the past six years through our Kilchenwise project, most notably Fareshare (which provided by far the bulk of goods distributed), Waitrose, Tesco. Adi, M&S and the Co-op. On occasion we receive large volumes of fresh items which cannot be immediately used. In order lo ensure that waste is minimised and that the surplus remains available to all other local food groups. a Community Freezer was purchased. This enables these pericxlic surpluses to be stored safely for later distribution. We also distributed food from our Community Furnilure Project in Basingstoke, which operates the Fareshare hub for the Borough. This food came from Southampton and usually consisted of different items to those received in Newbury. Stock wa5 exchanged between Project5 to ensure that we were able to provide the best possible range of food to all recipients. A total of 148 people engaged in volunteering and training actimties.. eIgh￿ight percent of participants had disability. Volunteers contn"buted a total of 17,066 hours of their ts.me in support of the work. Growing 2gether The Growing 2gelher Project is based on a 1.5 ha site at Cottismore Parf( near Kingsclere. The site contains greenhouses, a polytunnel. raised beds. an orchard and a Wildlrfe Education ￿ea. The project is supported by tho Groanham Trust. which owns tho sit0. Growing 2gether functions primarily as a horticul￿Tal therapy and environmental education centre for adults and young people with leaming disabilrties, physical disabilrties and mental health issues. 11 also functions as a fo￿1 growing hub for all members of the local communty. but in particular children. Despite the on-going pandemic disruptions, the Growng 2gether Project was again very well supported by its volunteers. with 60 people engaging in training and volunteering opportunities al the Project over the course of the year. This included 14 volunteers very high support needs. No corFK)rate volunteers attended as all planned days were cancelled either as a result of lockdown or companies cancelling all extemal events involvFng their Staff. The volunteers donated a total of 7,932 hours of their time. The project focuses in particular on working with vulnerable adults, children and families facing a range of complex challenges. In a nomial pre-pandemic year, we would expect to work wqth around 80 young people on longer temi projects, most of whom would be under 16 years of age and requiring additional personal support. During the reporting period, this was not possible due to the Covid restrictions. The Nature Knowledge project is run by our Educats'on Officer, who is a trained Forest Schools teacher. The project offers sessions for local primary schools and children's groups, focusing on teaching children about naturo and wildlrfo through outdoor play. Ono of tho most popular alomonts of tho outdoor oxporionco providod through Nature Kno￿edge is obseNing, identifying and understanding lrfe in an aquatic habitat using the man- made pond on site. It goes Mqthout saying that the number of sessions was greatly reduced. There were 1.825 individual children visits to Ihe site to attend these events. The project a150 undertakes grounds maintenance al the New Greenham Busine55 Park {a 114-acre site) and a number of other smaller sites around Newbury. This is undertaken in order to deliver opportunities for volunteers and trainees to undertake accredited training and develop a range of skills, including landscaping, site maintenance, arboriculture and basic mechanical plant mair¢tenance. Unlike the majortty of other activities, this continued uninterrupted throughout the year. staff and volunteers Continued the programme of growing seasonal fruit and vegetables, as well as plants and flowers. Due to a timely change in the Covid restriclions we were once again able to run our extremely popular Open Days at which plants and produce are sold. Page 10 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..21 &8T (UTC +11 D 111 P 1Y44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 NOVEMBER 2021 Work continued on the construction of a new Propagation Station on an area of the site ￿lch previously contained a large derelict greenhouse. The finished fa￿lty will consist of Iwo %naller polytunnels and a deer- proof growing area. RENEWAL Project RENEWAL is based around the urban stretGh of the river Lambourn in Newbury. inGluding the Clay Hill and Turnpike wards, areas of Newbury with a high proportion of disadvantaged residents. The project aims lo involve the local community in the history and ecology of the river by running a range of activities for local adults and children, including talks, guided walks, practical conservation tasks and training courses. There was again minimal level of ath.vity throughout the year due to the lockdowns, disproportionately reducing volunteer numbers due shielding requirements. A signrficant number of the volunteers are aged over 70. The Project operates a Forest School at a six-acre wood at Shaw in Newbury which provides children wth an education in the importance of biodiversity and wildlrfe for the future, using outdoor play and learning. This involves the children in habitat building, river dipping and the identification of Mqldlife as well as learning about environmental stewardship. Summary of Achievements Supplying Household Goods 2020-2021 Fumiture donations accepted Number of customer visits Nui)Iber of ¢ustoiiieis supplied Total items reused Tonnage reusedlrecycled Actual 13,228 95,273 18,134 39,189 $46.13 Target 13,595 94,562 20,631 44,523 520.30 °A of Target 970 1010 88% 88% 1050 Volunteer Statisties 2020-2021 Volunteer Descriptors Breakdown of Volunteers 2020-2021 R ular Volunteers orted Volunteers orted Youth Volunteer5 School Placements Youth Offenders CommLMi Serwce Work Ex erience 16+ Total all sources 168 119 17 39 352 Gender Gender Male Female Total Total 233 119 352 /• of Partici ants 66% 34% 100% Page 11 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..22 &8T (UTC +11 D 111 P 14144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 NOVEMBER 2021 rou Total 37 84 98 /0 of Partici ants 11Q 240/0 28Q Under 16 16-24 25-49 50-64 87 25Q/o 65 and over Total 46 352 13Q Disability Disabili Multi le Disabili amon st all rtici ants in last ear Total /0 of Partici nts 20 6% Leamin Disabili Ph sica Disabili Mental Health Issues Total 114 32% 56 195 160/0 Partership working We maintain good working partnerships with a large number of statutory. voluntary sector and private organisations. including West Berkshire Council, Basingsloke and Deane Bc*ough Council, Hampshire County Council. Hart District Council, Reuse Network, Veolia Environmental Services. Sovereign Housing Group. vivid Housing, West Berkshire Training Consortium, West Berkshire Mencap. The Greenham Trust, NeMOury Town Council. lfjngsclere Parish Council, Newbury Soup Kitchen. Loose Ends, West Berkshire Food Bank. Basingstoke consorb.um (Refe￿all. Youth Offending Team (Referrall, Community Payback Hampshire {Referral}, The Prince's Trust (Referrall, The Duke of Edinburgh Award Scheme (Refe￿al), BCOT IReferral}, BVA (Referrall, Ashwood Academy IReferrall, Dove House Academy (Referrall, May Place (Referrall, Learning Disability Team {Referral}, Everest Community College (Referrall, Citizens Advice Bureau, Veolia ,Serco, Fareshare, Cc>mmunity RePaint, Supporting Families, YMCA Basir¢gstoke, Hopkins Vvaste Management, Hampshire Reuse Forum, Advance Supported H￿sir¢g. Wessex Christian Fellowship, Community Food Link Basingstoke, Elvzabeth Fry {charity supwrting women on license from prison), Two Saints, Environmental Projects and Waste Prevention Team and Hampshire County Council, who utilised our programmes supporting young people. people disabilities and the long term unemployed. These relationships enable us to extend the range of services we offer to everyone's benefit. FinanGial Review Incoming resources during the year increased by ￿02,317113.s0oA}, ￿q1h total resource5 expended increasing by £131,198 18.98OAI, resulting in a surplus of £109.44212020'. surplus of £38,323). 84.57% of total resources expended were direct costs of charitable activities in line with the obj-ectives of the organisation. The charty raised 67.40% of its income 1£1,146,6521 through primary purpose tr&Jing during the year with £206,135 {21.92%1 increase in income on the previous year due to less trading days being lost due to Covid regulations. Total income from donations and legacies received during the year dropped by £89,9381-30.070kn) to £209,127. A total £295,656 of Government grants related lo the Covid pandemic were received. Cash and cash equivalents increased by £76.862. Page 12 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..22 &8T (UTC +11 D 111 P 1W44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 NOVEMBER 2021 In line with current legislation, the organisation contributes towards a Defined Contribution Pension Provision for all eligible staff. The organisalion contributes 4Qkn, with the employee contributing 3%. Should an employee wish to increase their contribution rate beyond this, the organisalion ￿711 match fund up lo a maximum of 6%. The organisalion also has obligations under a Final Salary scheme, from which it withdrew in 2010. As at the 30th November 2021, this stocKJ at £94.146, ￿lch was the nel value of the deficit reduction conlributions payable under the agreement relating to the deficit. This was an increase in the year of £38.032, following a full actuarial valuats'on carried out as al 30th September 2020. Roservos The Trustees believe that the charity should hold financial reserves because: 1) It ha5 no endowment funding and 15 entirely dependent for income upon donor funding and sales inci)me from year to year which is inevitably subject to fluctuation.. and 2) It requires protection against and the ability to continue operating despite catastrophic or lesser but damaging events. The Tnjstees believe that the minimum level of rese￿e$ should be equivalent lo three months operating costs, costs of closure and costs of clearing leasehold oblgalions calculated and reviewed annually, and believe that the reserves should be built up to the desired level in stages consistent with the charitys overall financial position and its need to develop and maintain its charitable a¢tivitses. The free reserves, i.e. those not tied up in fixed assets and designated funds, held at 30th November 2021, amounted lo £317.031, whereas three months. expenditure {excluding depreciation} is £261.658. Fundraising The NCRC limits fundraising activity to applicatic￿S to funders who publically promote themselves as providers of grant support lo charities. In order to ensure that such applications are not overly speculative, the organisalion subscribes lo a number of directories which provide uwlated information on active fullders and the criteria they apply in availing 5UPPOrt to applicants. The NCRC does not carry out direct marketing to individuals but does accept donations freely offered by the public. The charity is registered with the Fundraising Regulator and abides by the Code of Fundraising Practi￿. Safeguarding NCRC klieves that it is aNvays unacceptable for a Child. young person or vulnerable adult to experience abuse of any kind and recognises its responsibility to safeguard the weware of all children. young people and vulnerable lults. by a commitment to practice which protects them. The NCRC provides staff and volunteers with on-gc4ng training and guidance on procedures they should adopt in the event that they suspect a child. young person or vulnerable adult may be exreriencing. or be al risk of. ham). The NCRC also has policies and procedures to deter those unsuttable to work children and vulnerable adults, including an application process that takes up references and carries out DBS checks on staff and volunteers where applicable. NCRC believes that the welfare of children, young people and vulnerable adults takes priority over the individual's right to confidenlialty, and we have a duty to disclose abuse to the appropriate agency if deemed necessary, wthout consent. In these circumstances, the Confidentialty Policy as sel out in the NCRC C¢)de of Conduct together with NCRC data protection procedures, may be overridden. Page 13 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..23 &8T (UTC +11 D 111 P 16144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 30 NOVEMBER 2021 The NCRC is subject to annual inspection by Wesl Be￿$hIre Council's Care Qualty Team wth a focus on safeguarding and the quality of caTe delivered by the NCRC to children, young Feople and vulnerable adults. The trained and supported safeguarding lead for NCRC is Joe McKay, Project Manager. Training and Community Support Centre. NCRC. Plans for future periods The charity plans to ccfilinue the activities outlined atove in the forthcoming years. subject to satisfactory funding arrangements. Plans for the development of new activities in the coming year have been temporarily shelved wth the focus remaining on retuming lo pre-pandemic levels of service delivery. We are confident that despite the financial pressure5, we will continue to offer the highest levels of service, perfomiance and cost effectiveness in the coming year. COVID 19- GOING FORWARD Budgets, financial forecasts for income, expenditsjre and cash flows for the current year 12021 20221 have been developed lo lake account of a series of potential scenarios. At the time of preparing this report, there are no on-going Government regulations that directiy restrict the operation of the charity. There are, however. external issues relating to Ihe slow retum to pre-pandemic levels of engagement w¢th schools and vulnerable adults who continuo to limit tho intoraction of thoir cliants wyth voluntary soctor s•Nico provid•rs. The NCRC is therefore engaged in a series of initiatives aimed al 're-Starting activitie5, Wth a particular focus on contacting the most isolated members of the community. In the case of a further Covid variant of concem arising and restiictions being reinlroduced, the NCRC wll return to its modified levels of service as developed during the previous lockdowns. The Board of Trustees has conducted a review of Going Concem considerations (based on advice and guidance as published in Ihe Charities SORP Committee document 'lmplicatsons of COVID-19 Control Measures and Financial Reporting" {23 March 202011. Having conducted the review and having established a process of updating forecasts daily, the Board of Trustees is satisfied that the Charity 15, and wll remain, a Going Concem. Statement of Trustees. responsibilities The Trustees Iwho are also the directors of the company for the purposes of compaTry law} are responSi￿e for preparing the TTUStees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingth)m G￿erallY Accepted Accounting PTacticel. Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must nol approve the financial statements unless they are satisfied that they give a Irue and fair view of tho Stat• of affairs of tho company and of its incoming rosourcos and application of rosourcos, including its income and expenditure. for that pericxl. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently.. observe the methods and principles of the Charities SORP {FRS 1021", make judgernenls and accounting eslimates that are reasonable and prudent. stale whether applicable UK Accounting Standards IFRS 102} have been followed, Subject to any material depariures disclosed and explained in the financial statements,. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity wll continue in business. Page 14 VkiuaBunatLnTrarffjxlvM Ref. RG&4-AADP4YDYofAw2022 13..20..23 8ST (UTC +11 D 111 P 17144 THE NEWBURY COMMUNI￿ RESOURCE CENTRE LIMITED (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 NOVEMBER 2021 The Trustees are responsible for keeping adequate accountiNJ records that are sufficient to show and explain the company's transactions and disclose with re￿onable accuracy at any time the financial wsition of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulartlies. Disclosure of infomialion to auditor Each of the persons are Trustees at the tirne when this Trustees, report 15 approved has confirmed that: so far as that Trustee 15 aware, there 15 no relevant audit information of which the charitls auditor is unaware, and that Trustee has taken all the steps that ought io have been taken a5 a Trustee in order to be aware of any relevant audit information and to establish that the charitys auditor is aware of that information. Auditor The auditor, James Cowper Kre5ton. has indicated it5 Wtllingness to continue in office. The designated Trustee wll propose a motion reappointing the auditor at the meeting of the Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by.. J Unsworth {Chair of Trustees) Date: 07 Aprll 2022 Page 15 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..23 &8T (UTC +11 D 111 P 18144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED Opinion We have audited the financial statements of The Nethry Community Resour￿ Centre Limited (the 'charitable companll for the year ended 30 November 2021 which comprise the Statement of Financial Aclivilies, the BalanGe sheet, the Statement of Gash flows and the related notes, inGluding a summary of significant aGGounting policies. The financial reporbng framework that ha5 been applied in their preparation is ap￿ICable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally A￿pted Accounting Practi￿1. In our opinion the financial statements= give a true and fair view of the state of the charitable companls affairs as at 30 November 2021 and of its incoming resources and application of resources, including its income and expenditure for the year then ended". have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance wth the requirement5 of the Companie5 Act 2006. Basis for opinion We conducted our audit in accordance Mqth IntematiDnal Standards on Auditing IUK) IISAS IUKII and applicable law. Our responsibilities under those standards are fvrther described in the Auditor's Tesponsibilities for the audrt of the financial statements section of our report. We are independent of the charitable company in accordance wth the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilits.es in accordance wqth these requirements. We believe that the audit evidence we have obtained is suffiaent and appropriate lo provide a basis for our ￿Inion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the charitable companrfs abilty to continue as a going concem for a period of at least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going con￿rn are descrtbed in the relevant seth.ons of this repJrL Page 16 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..24 &8T (UTC +11 D 111 P 1W44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE NEWBURY COMMUNITY RESOURCE CENTRE LIMrrED {CONTINUEDI Other infonnation The other information comprises the information included in the Annual report other than the financial 5Litements and our Auditor's report thereon. The Trustees are fespon5ible for the other information contained within the Annual report. Our opinion on the financial statements does not Gover the other information and, except to the extent olherwse explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and. in doing so, consider whether the other information is materially inconsislenl wth the financial statements or our knovAedge obtained in the course of the audit, or other4Aqse appears to be materially misstated. If we identrfy such material inconsistencies or apparent material misstatemer*ts, we are required to determine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prascribad by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit-. the infomiation given in the Trustees, Rewt for the finan￿al year for which the financial statements are prepared is consistent the financial slaternents. the Trustee5' Rewrt has been PTepared in acc(￿nce wtth applicable legal iequirernent5. Matters on which we are required to report by exception In the light of our kno￿edge and understanding of the charitable company and its environment obtained in the COUTse of the audit. we have not identified material misstatements in the TNstees' Report. We have nothing to report in respect of the foltowng matters in relation lo which Companies Act 2006 requires us lo report to you rf. in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us- or the financial ststements are not in agreement wrth the accounting records and retums" or certain disclosures of Trustees, remuneration specffied by law are not made., or we have not received all the information and explanations we require for our audit- or the Trustees were not entitled to prepare the financial statements in accordance the small companies regime and take advantage of the small cornpanies. exemptsons in preparing the Trustees. Report and from the requirement to prepare a Strategic Report. Responsibilities of trustee5 As explained more fully in the TTUStees' responsibilities statement, the Trustees Imtho are also the directors of the charitable company for the Purposes of company law) are responsible for the preparats.on of the financial slalements and for being satisfied that they give a true and fair view, and for such intemal control as the TTuslees determine is necessary to enable the preparation of financial statements that are free fTom material misstatement, whether due lo fraud or error. In preparing the financial stalements, the Twstees are responsible for assessing the charitable companys abilty to continue as a going concem. disclosing, as applieable, matters related lo going concern and using the going concem basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Page 17 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..24 &8T (UTC +11 D 111 P 21V44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE NEWBURY COMMUNITY RESOURCE CENTRE LIMrrED {CONTINUEDI Auditor's responsibilities for the audit of the financial statements Our objective5 are to obtain reasonable assurance about Mthether the financial statements as a whole are free from material mis51atement, whether due to fraud or error, and to issue an AUdit0￿S report that includes our opinion. Reasonable assurance is a high level of a35uranGe. but is not a guarantee that an audit Gonducted in accordance ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line wlh our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. induding fraud is detsiled below.. Enquiry of management and those charged with govemance around actual and potential litigation and claims- Enquiry of management and tIKise charged wth govemance lo identify any material instances of non- compliance wth law5 and regulations". Reviewng financial statement disclosures and testing to supporting documentation to assess complian with applicable laws and regulations., Performing audit work to address the risk of irregularities due lo management override of controls, including testing of joumal entries and other adjustments for appropriateness, @valuating the business rationale of signrficant transactions outside the normal course of business and Tewewing accounting estimates for evidence of bia5. Because of the inherent limitations of an audit. there is a risk that we Mqll not detect all irregularities. including those leading to a material misstatement in the financial statements or non-compliance wrth regulation. This risk increases the more that compliance wqth a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional Con￿alMeTrt. forgery. collusion. omission or misrepresentatii)n. A further des￿Iption of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. wN.frc.or .uklauditorsres onsibilities. This description f￿mS part of our Auditor's report. Use of our report This report is made solely to the charitable companls members, as a body, in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable companls member5 those matters we are required lo state to them in an Auditols report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and rts members, as a body, for our audit work, for this report, or for the opinions we have formed. Page 18 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..25 &8T (UTC +11 D 111 P 21144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE NEWBURY COMMUNITY RESOURCE CENTRE LIMrrED {CONTINUEDI Michael Farwell MA DChA {Senior statutory auditor) for and on behalf of James Cowper Kreston Chartorod Aec¢)untants and Statutory Auditor 2 Communications Road Greenham Business Park Greenham Newbury Berkshire RG19 6AB Date: 2710412022 Page 19 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..25 &8T (UTC +11 D 111 P 22144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENOEO 30 NOVEMBER 2021 Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Note Income from: Donations and legacies Charitable actimties 181.156 27,971 1,146.652 209.127 1,146.652 299,065 940,517 Investments Other income 345.443 345.443 259,324 Total income 526.599 1,174.624 1,701,223 1.498,906 Expenditure on: Raising funds Charitable actimties 32,932 1,022,693 32,932 1,558,849 29,183 1.431,400 536,156 Total oxponditure 536.156 1,055.625 1,591,781 1.460,583 Net incom8llexpenditure) Transfers be￿een funds (9,5571 (4.1921 18.ggg 4.192 109.442 38.323 16 Net rnovement in funds 113.7491 123,191 109.442 38,323 Roconciliation of funds: Total funds brought fopNard Nel movement in funds 230,864 113.7491 193.840 123.191 424.704 109.442 386,381 38,323 Total funds carried forward 217,115 317,031 534,146 424,704 The Statement of Financial Activities includes all gains and losses reccyJnised in the year. The notes on pages 23 to 41 form part of these finan￿al statements. Page 20 VkiuaBunatLnTrarffjxlvM Ref. RG&4-AADP4YDYofAw2022 13..20..26 8ST (UTC +11 D 111 P 2&44 THE NEWBURY COMMUNI￿ RESOURCE CENTRE LIMITED (A company limited by guarantee) REGISTERED NUMBER: 3998851 BALANCE SHEET AS AT 30 NOVEMBER 2021 2021 2020 Note Fixed assets Tangible assets Current assets 12 293.479 267.243 Debtors 13 154,088 302.343 137,312 225.481 Cash at bank and in hand 456.431 362.793 Credrtors= amounts falling due wthin one year 14 {134.155) (159,180) Net current assets 322.276 203,613 Total assets lèss current liabilities 615.755 470.856 Creditors: amounts falling due after more than one year 15 181.609) {46.152) Total net assets 534,146 424,704 Charity funds Restricted fund5 16 217.115 317.031 230,864 193,840 Unrestricted funds 16 Total funds 534.146 424.71)4 The Trustee5 ackn￿edge their respjnsibilities for compl￿ng wth the requirements of the Act vthh respect to accounting records and preparation of financial Statements. The financial staternerrts have been prepared in accordance wth the provisiorts appltcable to entities subject to the small companie5 regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. J Unsworth (Chair of Trustees) Dale= 07 April 2022 The notes on pages 23 to 41 form part of these financial statements. Page 21 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..27 &8T (UTC +11 D 111 P 24144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 NOVEMBER 2021 2021 2020 Note Cash flows from operating activitios Nel cash used in operating actimties 19 180,201 43,455 Cash flows from investing activities Proceeds from the sale ol tangible fixed assets Purchase of tangible fixed assets 1,001 {54,340) 1,699 (26,085) Net cash used in invesling activities (53,339) (24,3861 Cash flows from financing activities Cash inflows from new borrowing Repayments of borrowing 50,000 (50,000) Net cash (used inllprovided by financing activities {50,000} 50,000 Change in cash ond cash equivalents in the year 76,862 ash and cash equivalen*s at the beginning of the year 225.481 156,412 Cash and cash equivalents at the end of the year 20 302,343 225,481 The notes on pages 23 to 41 form part of these finan￿al statements Page 22 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..27 &8T (UTC +11 D 111 P 2N44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 General inforrnation The Newbury Community Resource Centre Limited is a chartty incorporated in England and Wales. The registered address is The Communrty Furniture Project (Nemlouryl. Unit F. Hambridge Road Industrial Estate. Bone Lane, Newbury, Berkshire, RG14 SSS. Accounting policies 2.1 Basis of preparaiion of financial statements The financial statements have been prepared in accordance wtth the Charitie5 SORP (FRS 1021 Accounting and Reporbng by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Irel￿d IFRS 1021 and the Companies Act 2006. The Ne￿)ury Community Resource Centre Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities ale initially recognised at historical cost or transaction value unless olherNise staled in the relevant accounting policy. 2.2 Fund accounting General funds are unrestricted funds which are available for use al discretion of the Truslees in furtherance of the general objecb'ves of the company and which have not been designated for other purposes. Restricted funds are funds ￿lch are to be used in accordance wtth specffic restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such fund5 are charged against the specific fund. The aim and use of each restricted fund is Set out in the note5 to the financial statement5. Investment income, gains and losses are allocated to the appropriate fund. 2.3 Going concern The Tfustees have considered the impact of the global Covid-19 pandemic on the ability of the charitable company to continue operating for the foreseeable future. This review has included considering the impact of the pandemic lo the dale of signing the financial statements and updating financial projections. Based on this review and taken together Mrilh existing financing facilities Ihe Trustees believe that the financial statements have been prepared appropriately on the going concem basis. 2.4 Income AJI income is recDJni5ed once the company has entitlement to the income. it is probable that the inC￿Me will be received and the amount of income receivable can be measured reliably. Donated services or facilrties are re￿nised when the company has control over the item, any conditions associated Mqlh the donated item have been met, the receipt of the economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021. the general volunteer time of the Friends is not reccgnised and refer to the TNslees' report for more infonmation about IheiT contribution Page 23 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..28 &8T (UTC +11 D 111 P 26144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 Accounting policie5 Icontinuedl 2.4 Income {continued) InGome tax reGoverable in relation to donations received under Gfft Aid or deeds of Govenant is recognised at the lime of the donation. 2.5 Expenditure Expendtture is recognised once there is a legal or constructive obligation to transfer economic benefits lo a third paty, it is probable that a transfer of economic benefrts will be required in settlemersl and the amount of the obligation can be measured reliably. Expenditure is dassified by aclivty. The costs of each activty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and suppc costs which are not attributable to a single activity are apportioned behveen those activities on a basis consistent with the use of resources. Central staff costs are allocaled on the basis of time spent, and depreciation charge5 allocated on the portion of the a55el's use. Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs 01 all fundraising activities events and non-charitable trading. Expenditure on charitable aclimts'es is incurred on directly undertaking the acb'vities ￿lch further the company's objectives. as well as any associated support costs. 2.6 Govemment grants Govemment grants, including Covid-19 Job Retention Scheme grants, are credited lo the Statement of financial activits.es as the related expenditure is incurred. 2.7 Grants received Grants received in respect of capital or revenue expenditure have been induded as income wqthin the Statement of Financial Activities. An annual transfer lo unrestricted funds is made in respect of depreciation of the grant over the eslimaled useful lrfe of the asset. 2.8 Donated items The charity operates by collecting donated fumilure. household go¢)ds and appliances from local residents, which are then sold. Due to the nature of the items received it is drffiCu￿ to quantify monetary value. 2.9 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capitalised and recognised when fuiure economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially reccyJnised at cost. After recognilicm, under the cost model, tangible fixed assets are measured at wst less accumulated depreciation and any accumulated impaimient losses. Al costs incurred to bring a tangible fixed asset into its intended working condition are included in the measurement of cost. Page 24 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..28 &8T (UTC +11 D 111 P 27144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 Accounting policie5 Icontinuedl 2.9 Tangible fixed a55ets and depreciation {conlinued) Depreciation is charged so as to allocate the c05t of tangible r￿ed assets less their residual value over their estimated useful INes. using the straight-line method. Depreciation is provided on the followng bases: Improvements to proFety Orchard Rainwater Harvest Vvarehouse equipment Motor vehides Office equipment Alotmenls Computer equipment Canteen Straight line over 20 years straight line over 40 years straight line over 5 years straight line over 5 years straight line over 10 years Straight line over 3 years Straight line over 5 years Straight line over 3 years Straight line over 5 years 2.10 Interest receivable Interest on funds held on deposit is included wthen receivable and the amount can be measured reliably by the company.. this is normally upon notffication of the interest paid or payable by the institution wth whom the funds are deposited. 2.11 Debtor5 Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.12 Cash at bank and in hand Cash at bank and in hand indudes cash and short-temi highly liquid investments wth a short malurtty of three months or less from the date of acquisition or opening of the dep)sit or similar account. 2.13 Liabilities Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it 15 probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 2.14 Financial instruments The company onty has financial assets and financial liabilities of a kind that qualrfy as basic financial instruments. Basic financial instruments are inib.ally recognised at transaction value and subsequently measured at their settlement value. 2.15 Taxation The company is exempt from corwration tsx on its charitable activities. Page 25 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..29 &8T (UTC +11 D 111 P 28144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 Accounting policie5 Icontinuedl 2.16 Pensions The company operates a defined benefrt pension scheme. The scheme is a multi-employer scheme vthere it is not possible, in the nomial Course of events. to identrfy on a Gonsistent and reasonable basis, the share of underlying assets and liabilities belonging to individual participating employers. Therefore, as required by FRS102 'Retirement and post-employment benefits,, the company accounts for this scheme as if it was a defined contribution scheme. The company is under obligation to make payments to fund the deficit on the scheme, and as such the net present value of these contributions are recrynised as a liability. Any change in the liabilty is recognised as an expense in the Statement of Financial ActiMties_ The company also operates a defined contribution pension scheme. Contributions payable for the year are charged in the Statement of Financial Aclivf(ies. 2.17 Operating leas8s Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. Critical accounting estimates and areas of judgement Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectation5 of future events that are believed to be reasonable under the circumstances. Critical accountiThJ estimates and assumptions= The company makes estimates and assumptions conceming the fuiure. The resulting accounting estimates and assumptions wqll, by definition, seldom equal the related actual results. The estimates and assumpts'ons that have a significant risk of causing a material adjustment to the carrwng amounts of assets and liabilitses within the next financial year are discussed below. Critical areas of judgement= Tangible fixed assets Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as the remaining lrfe of the asset and projected disposal values. Pensions The present value of the Social Housing Pengon Scheme defined benefit liability depends on a number of factOTS that are determined on an actuarial basis using a variety of assumpts'ons. The assumptions used in determining Ihe nel cost lincomel for pensions include the discount rate. Any changes in these assumptions. which are disclosed in note 22, will impact the carrying amount of the pension liability. Furthemiore a roll forNard approach wthich projects results from the lalest full actuarial valuation performed al 30 September 2020 has been used by the actuary in valuing the pensions liability at 30 November 2021. Any differences between the figures derived from the roll forwards approach and a full actuarial valuation would impact on the carrwng amount of the pens￿ liability. Page 26 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..29 &8T (UTC +11 D 111 P 2W44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 Income frorn donations and legacies Restricted funds 2021 Unrestricted funds 2021 Total fund5 2021 Total funds 2020 Donations 9.364 16.968 1.639 13,948 184,765 10,414 5.670 264.118 29.277 Grant making funds Statutory grants 167,797 8,775 Total 2021 181,156 27,971 209,127 299,065 Total 2020 293,395 5,670 299,Ckfj5 Income from charitable activitios Unrestricted funds 2021 Total funds 2021 Total funds 2020 Sales 1,146.652 1.146.652 940,517 Total 2020 940,517 940,517 Other incoming rosourcas Restricted funds 2021 Total funds 2021 Total funds 2020 Govemment grants 345,443 345,443 259.324 Total 2020 259.324 259,324 Page 27 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..30 &8T (UTC +11 D 111 P 31V44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 Expenditure on raising funds Costs of raising voluntary income Unrestricted funds 2021 Total fund5 2021 Total funds 2020 Fundraising Publicity Wages and salaries Soual security costs other pension costs 1.331 23.382 6,500 775 1,331 23.382 6.500 775 1.461 18.878 7.154 762 944 928 Total 2021 32.932 32.932 29.183 Total 2020 29.183 29.183 Analysis of expenditure by activities Activitias undertaken directly 2021 Support costs Total funds 2021 Total funds 2020 2021 Costs of charitable activitie5 1,344,516 214.333 1,558,849 1.431,400 Total 2021 1,344,516 214,333 1.558,849 1.431,400 Total 2020 1,269,964 161,436 1.431,400 Page 28 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..30 &8T (UTC +11 D 111 P 31144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 Analysi5 of expenditure by activities {continued) Analysis of support costs Total funds 2021 Total funds 2020 Salarie5 and recruilrnent Depreciab'on Bad debt expense Office expenses Telephone expenses Training and travel expenses Bank charges Premises expenses Payroll fees Legal and professional fees Pension expenses Cosl of exceplional needs sales Loss on disposal of fixed asset Irrecoverable VAT 39,007 23,723 215 16.397 7,605 4,538 6,483 27,733 6.794 2.884 47.994 6,811 3.380 12.431 8.338 55,912 20,460 7.543 15.944 6,496 4,473 4,152 23,064 3,433 3,389 2.335 1,089 5,536 7,610 Goveman¢e 214,333 161,436 Auditorfs remuneration 2021 2020 Fees payable lo the companvs auditor for the audit of the companvs annual accounts 4,600 4,400 Fees payable lo the companys auditor in resFect of.. All non-audil services not included above 3.738 3,210 Page 29 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..31 &8T (UTC +11 D 111 P 32144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 10. Staff costs 2021 2020 Wages and salaries Soaal security costs Other pension costs 902,738 59,082 42.360 898,251 55,329 36.518 1.004.180 990,098 The average number of persons employed by the company during the year was as follows: 2021 No. 2020 No. Administrali(m stafl Operational staff 48 50 The number of employees ￿lSe employee ￿enerrtS {excluding employer pension costs} exceeded £60.000 was.. 2021 2020 In the band £60,001- £70,000 The remuneration and benefits received by key management Fersonnel and trustees in the year totalled £266.51412020. £244.6171. 11. Trustees. remuneration and expenses During the year, no Trustees received any rernuneration or other benefits {2020 - £NIL}. During the year ended 30 November 2021, no Trustee expenses have been incu￿ed (2020 - £NILI. Page 30 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..31 &8T (UTC +11 D 111 P 3Y44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 12. Tangible fixed asset5 Property Motor Horticultural improvements Equipment vehicles equipment Total Cost or valuation At 1 December 2020 222.757 62.260 100,595 12.853 36,510 {10,5611 111.025 4.977 496,637 Additions Disposals (10,5611 At 30 November 2021 222,757 75,113 126,544 116,002 540,416 Depreciation At 1 December 2020 68,439 9,781 57.854 32,731 1.672 70.370 2.326 229,394 23,723 16,1801 Charge for the year On disposals 16,1801 At 30 November 2021 78,220 59,526 36,495 72.696 246,937 Not book value At 30 November 2021 144,537 15,587 90,049 43,306 293,479 At 30 November 2020 154,318 4,406 67,864 40.655 267,243 13. Dobtors 2021 2020 Due within one year Trade debtors 122,059 462 110,574 832 Other debtors Prepayments and accrned income 31.567 25,906 154,088 137,312 Page 31 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..32 &8T (UTC +11 D 111 P 34144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 14. Creditors: Amounts falling due within one year 2021 2020 Bank loans Pension Itability Trade (*edilors Other laxalion and social security other creditors Accruals and deferred income 50,000 9,962 12,145 18,392 7,221 61,460 12,537 42.510 17.984 8,220 52,904 134,155 159,180 Deferred income at 1 December 2020 7,019 12,393 (7,0191 Resources deferred during the year Amounts released from previous period5 12,393 15. Craditors: Amounts falling due after more ihan one year 2021 2020 Pension liability 81,609 46,152 Page 32 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..32 &8T (UTC +11 D 111 P 3W44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 16. Statement of funds Statement of funds - current year Balance at Balance at 1 December 2020 Transfers inlout November 2021 Income Expenditure Unrestricted - general funds 193,840 1.174.624 11,055,625) 4.192 317,031 Restricted funds Restricted Funds- other Ihan fixed assets 50,209 526,599 (536.156) 40,652 Restricted Funds- held as fixed assets 180.655 (4.192) 176,463 230,864 526,599 (536,156) (4,192) 217,115 Total of funds 424,704 1,701,223 11,591,781) 534,146 Page 33 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..32 &8T (UTC +11 D 111 P 36144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 16. Statement of funds (continued) Statement of funds - prior year Balance at Balance at 1 December 2019 Transfers inlout November 2020 Incorne Expendibjre Unrestricted funds Unrestricted - general funds 169,554 946,187 {938,3421 16,441 193,840 Restricted funds Restricted Funds- other than fixed assets Restricted Funds- held as fixed a55et5 37,725 552,719 (522.2411 {17,9941 50,209 179.102 1,553 180,655 218.827 552.719 (522.2411 {10,4411 230,884 Total of funds 386,381 1,498,906 11,460.5831 424,704 Page 34 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..33 &8T (UTC +11 D 111 P 37144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 17. Summary of funds Summary of funds - current year Balance at Balance at 1 December 2020 Transfers inlout November 2021 Income Expenditure General funds 193.840 230.864 1.174.624 11,055.625) 526,599 (536.156) 4.192 (4.192) 317,031 21T,115 Restricted funds 424,704 1,701,223 11,591,781) 534,146 Summary of funds - prior year Balance at Balance at 1 December 2019 Transfers inlout November 2020 IncoTne Expenditure General funds Restricted fund5 169,554 216.827 946,187 552,719 (938,3421 (522.2411 16,441 {16,4411 193,840 230,864 386.381 1,498,906 11,460,583) 424,704 Page 35 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..33 &8T (UTC +11 D 111 P 38144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 18. Analysis of net assets between funds Analysis of net assets between funds- current year Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Current assets Creditors due Mfjthin one year Creditors due in more than one year 176,463 40.652 117,016 415,779 1134,1551 {81,6091 293,479 456,431 1134,1551 {81,6091 Total 217,115 317,031 534,146 Analysis of nat assets b8twaen funds- prior year Restricted Unreslricted funds funds 2020 2020 Total funds 2020 Tangible fixed assets Current assets 180.655 50.209 86,588 312,584 (159,1801 {46,1521 267,243 362,793 1159,180) {46,152) Creditors due wthin one year Creditors due in more than one year Total 230,864 193,840 424,704 Page 36 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..34 &8T (UTC +11 D 111 P 39144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 Restricted funds 1 Dec 2020 Incorne Expenditure Transfers 30 Nov 2021 Basingstoke and Deane Borough Council Basingstoke Vc4unlary Action Berkshire Community Foundation 11,253 623 48,715 152.919) {623) 7.049 3.309 2,000 (3,309) 12,C#JO) Calleva Foundation Hampshire & Isle of Wight Communtty Fund Greenham Trust 5,000 160.157 801 15,000) 1155.345) {801) 1180,538) {47.156) 15,726) {800) 11,251) 5.886 3,161 10.698 3.161 Hampshire County Council HMRC Job Retention Scheme 180,538 49,787 11,246 Kickstart 2.631 5.520 Sovereign Housing Neighl)ourfy Newbury Tohwt Council The Miss W E Lawrence 1973 Charitable Settlement The Nab"onal Lottery Community Fund 476 775 1,000 11,Tr)0) 24,924 1,(X)O {24,924) 11,430) 146.664) 16,670) VIVID 12,023 46,664 4,584 11,593 West Berkshire Council Donations from individuals Restricted r￿ed assets 2,086 180,655 14,1921 176,463 Total 2021 230.864 526.599 1536,1561 14,192) 217,115 Total 2020 216,827 552,719 1522,241) {16,4411 230,864 Greenham Trust grants total £160,157. This includes £92,621 annual grant covering rent and seNces Gharges. West Berkshire Council grants total £46.664. This include5 £8,000 for the Take A Chance Project. Basingstoke and Deane grants totalled £48,715. Page 37 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..34 &8T (UTC +11 D 111 P4LV44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 19. Reconciliation of net movernent in funds to net cash flow frorn operating activities 2021 2020 Nel inrome for Ihe year la5 per Statement of Finafirial A¢tivitie5) 109,442 38,323 Adjustments for: Depreciation charges Loss on the sale of fixed assets 23.723 3.380 {18,635} 24,269 38,022 20,460 1,089 17,658 {24,369) 19,706) Decreasel{increasel in debtors Increaselldecreasel in creditors Pension liability movement Net cash provided by operating activities 180,201 43,455 20. Analysis of cash and cash equivalents 2021 2020 Cash in hand 302,343 225,481 Total cash and cash equivalents 302,343 225,481 21. Analysis of changes in nel debt At1 December 2020 Cash flows At30 November 2021 Cash at bank and in hand 225,481 150.000) 76,862 50,000 302,343 Debt due wthin 1 year 175.481 126.862 302,343 Page 38 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..95 &8T (UTC +11 D 111 P41144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 Pension comrnilments The company participates in the scheme, a rnulti-employer scheme which provides beneffts to Some 5(Kl non-associated employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient infomiation to enable it to account for the scheme as a defined benefit scheme. Therefore il accounts for the scheme as a defined contribution scheme. The scheme 15 subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together Mqth documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK. The scheme is classnled as a 'last-man standng arrangement.. Therefore the company is potentially liable for other participating employers. obligations if those employers are unable to meet their share of the scheme deficit following Mqthdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme. A full actuarial valuation for the scheme was carried out with an effective date of 30 September 2020. This actuarial valuation was certified on 19 August 2021 and showed assets of £5.148m. liabilities of £6,708m and a deficit of £1,560m. To eliminate this funding shortfall. the Iru5tees and the participating employers have agreed that additional contributions wll be paid. in combination from all employer5. to the scheme. Note that the scheme's previous valuation was carried out with an effective date of 30 September 2017., this valuation showed 833ets of £4,553m, liabilrtie3 of £6,075m and a deficit of £1,522m. To eliminate this funding shortfall. the trustees and the participating employers have agreed that addibonal contributions will be paid. in combination from all employees. to the scheme. Where the scheme is in deficit and where the company has agreed lo a deficit funding a￿angeMent, the company recognises a liabilty for this obligation. The amount recognised is the Tret present value of the deficit reducb.on contribubons payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost. Present value of liabiltty 2021 2020 Present value of liability 94,146 56,114 Page 39 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..36 &8T (UTC +11 D 111 P42144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 Deficit contribution schedule 2021 2020 Year 1 12.537 14.298 15.084 15,914 16,789 17,712 12,017 9.962 10.161 10,365 10,572 10,783 9,154 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Total 104,351 60,997 Reconciliation of opening and closing provision 2021 2020 Provision at start of period Unwnding discount factor linterest expense) Deficit contribution paid Deficit revaluation 56,114 1,956 (9,962) 46.038 65,820 61 19,767) 94.146 56.114 Income and expenditure impact 2021 2020 Interest exFense 1.956 61 Total 1,956 61 Assumptions 2021 2020 Rale of discount 3.485 3.485 Page 40 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..36 &8T (UTC +11 D 111 P4Y44 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 30 NOVEMBER 2021 23. Operating lease cornmitments At 30 November 2021 the company had cornmitments to make future minimum lease payments under non-cancellable operating leases as foltOW5= 2021 2020 Not later than 1 year Later than 1 year and not later than 5 years 20.475 40,950 20,475 20,475 61,425 In addition to the above leases the charity has the following leases that are funded by grants received from the Greenham Trust: The charty has a joint lease at Cottismore. The annual rent and service charge of the premises of approximately £49.485 are met in full by the Greenham Trust. The charity has a lease at Unit F Hambridge Road Industrial Eslate. The annual rent and seNice charge of the premises of approximately £20.500 are met in full by the Greenham Trust. 24. Rolated party transactions During the year. the charty paid £50 12020-. £nill to Sonning Flowers Ltd. a company controlled by the daughter of a Trustee. No balance was outstanding at the year end. During the year. the charity received rental income of £48 12020.. £nill from Sonning Flowers Ltd, a company controlled by the daughter of a Trustee. which was outstanding at the year end. 25. Controlling party The trustees as a body administer the charitable company in accordance with the Memorandum and Articles of Association. therefofe there is no single controlling paty. Page 41 VYbJsk9un*urnTransorbc￿ Ref. RG&4-AADP-NYDY 07Aw 2022 13..20..36 &8T (UTC +11 D 111 P44144 THE NEWBURY COMMUNITY RESOURCE CENTRE LIMITED {A company limited by guarantee) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENOEO 30 NOVEMBER 2021 2021 2021 2020 2020 Ineoma rasources Donations and other income 13.948 195,179 1,146,652 345,443 5,670 293,395 940,517 259,324 Grarrts receivable Sales Government grants Investment income 1.701.223 1.498,906 Less: Resources expended Fundraising Publicity Wages as attributable to support costs Premises expense Telephone Office expenses Bad debt expense Cost of trading activities Bank charges Professional fees 7.831 23.382 33.351 27.733 7.605 15.397 215 8,615 18,878 49,848 23,064 6,496 15,944 7,543 1.271,654 4,152 3,433 4,473 20,460 5,696 6,092 3,210 4,400 1,089 5,536 1.346.235 6.483 6,794 4,538 23.723 5.271 51.263 3.738 4,600 3,380 12,431 6.811 Training and travel Depreciation Legal and professional fees Pension expenses Accountancy Auditors. remuneration Loss on disposal of fixed asset Irrecoverable VAT Cost of exceptional nèeds sales Total resources expended Net income for the year 1.591.781 1.460,583 109,442 38,323 Page 42 THIS SCHEDULE IS NOT FOR PUBLICATION