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2021-03-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 5
Report ofthe Independent
Auditors		 6 to 8
Statement of Financial Activities
Statement of Financial Position 10
Notes to the Financial Statements 11 to 19

TRUSTEES RJ Barkle Chair RJ Barkle Chair
Mrs P M Thornton Vice Chair
M J Saunders Treasurer
Mrs C Jackson
Dr LJ P Kilford
D McNiffe
Ms R Thorpe
Reverend SA Walker (appointed 16.11.20)
COMPANY SECRETARY A K Hayes
REGISTERED OFFICE Hesters Way Community Resource Centre
Cassin Drive
Cheltenham
Gloucestershire
GL51 7SU
REGISTERED COMPANY 03685423 (England and Wales)
NUMBER
REGISTERED CHARITY 1084194
NUMBER
AUDITORS Andorran
Limited (Statutory Auditor)
Chartered
Accountants
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

31.3.21 31.3.20
Unrestricted Restricted Total Total
fund funds funds funds
Notes E E E
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,080 1,080 2,080
Charitable activities
Charitable Activities
173,669 18,535 192,204 187,048
Other trading
activities		 4,952 4,952 5,142
Investment income 932 61 993 1,136
Total 180,633 18,596 199,229 195,406
EXPENDITURE ON
Charitable activities
Charitable Activities
166,515 88,287 254,802 259,245
NET INCOME/(EXPENDITURE) 14,118 (69,691) (55,573) (63,839)
Transfers between funds 17 (315) 315
Net movement
in funds		 13,803 (69,376) (55,573) (63,839)
RECONCILIATION
OF FUNDS
Total funds brought forward 167,215 3,199,642 3,366,857 3,430,696
TOTAL FUNDS CARRIED FORWARD 181,018 3,130,266 3,311,284 3,366,857

31.3.21 31.3.20
Unrestricted Restricted Total Total
fund funds funds funds
Notes E E
FIXEDASSETS
Tangible assets 14 3,060,703 3,060,703 3,143,725
CURRENT ASSETS
Debtors 15 498 498 8,151
Cash at bank and in hand 193,701 69,563 263,264 229,500
194,199 69,563 263,762 237,651
CREDITORS
Amounts
falling due within one year		 16 (13,181) (13,181) (14,519)
NET CURRENT ASSETS 181,018 69,563 250,581 223,132
TOTAL ASSETSLESSCURRENT
LIABILITIES 181,018 3,130,266 3,311,284 3,366,857
NET ASSETS 181,018 3,130,266 3,311,284 3,366,857
FUNDS 17
Unrestricted
funds		 181,018 167,215
Restricted funds 3,130,266 3,199,642
TOTAL FUNDS 3,311,284 3,366,857

Freehold property - 2% on cost
Plant and machinery - 10%on cost
Computer equipment - 25% on cost

FOR FOR FOR FOR FOR THE Y EAR ENDED 31 IIARCH 2021
2. DONATIONS AND LEGACIES
31.3.21 31.3.20
E E
Publications 8 preps 1,080 2,080
3. OTHER TRADING ACTIVITIES
31.3.21 31.3.20
E
Income from renewable energies 3,023 3,906
Other income 1,929 1,236
4,952 5,142
4. INVESTMENT INCOME
31.3.21 31.3.20
E E
Deposit account interest 993 1,136
5. INCOME FROM CHARITABLE ACTIVITIES
31.3.21 31.3.20
Activity
Charitable Activities
Rents received
179,691 179,835
Charitable Activities
Grants
12,513 7,213
192,204 187,048
Grants received, included in the above, are as follows:
31.3.21 31.3.20
F
Barnwood
Trust		 4,000
Awards
For All		 3,640
National
Benevolent		 Charity 3,000
Groundwork 1,370
Cheltenham Borough Council 503 1,000
Big Lottery 3,600
The Gloucestershire Everyman Theatre 1,000
Police and Crime Commissioners Fund 888
Gloucestershire County Council 725
12,513 7,213

Grant
funding of
Direct activities Support
Costs (see (see note costs (see
note 7) 8) note 9) Totals
E
Charitable Activities
143,060 109,285 2,457 254,802
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.21 31.3.20
E
Staff costs 40,684 40,654
Rates and water 159 159
Insurance 3,047 5,075
Postage and stationery 87 407
Advertising and publications 2,809 5,047
Sundries 921 3,733
Rent 8 service charges 3,140 3,139
Room hire 209 892
Office expenses 1,928 2,283
Training 19
Professional fees 198 224
Travel expenses 9
Events 6,837 5,940
Depreciation 83,022 82,873
143,060 150,435
GRANTS PAYABLE
31.3.21 31.3.20
Charitable Activities
109,285 106,625
The total grants paid to institutions during the year was as follows:
31.3.21 31.3.20
Hesters Way Neighbourhood Project 106,625 106,625
The Boys' Brigade 400
Foodbanks 2,260
109,285 106,625

Governance
costs
E
Charitable Activities
2,457
Support costs, included in the above, are as follows:
31.3.21 31.3.20
Charitable Total
Activities activities
E
Auditors' remuneration 2,457 2,185
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.21 31.3.20
F F
Auditors' remuneration 2,457 2,185
Depreciation -owned assets 83,022 82,873

31.3.21 31.3.20
Administration Staff 4
No employees received emoluments in excess off60,000.

13. COMPARATIVES FOR THE STATEMENT COMPARATIVES FOR THE STATEMENT COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
E E
INCOME AND ENDOWIIENTS FROM
Donations
and legacies		 2,080 2,080
Charitable
activities
Charitable
Activities
175,700 11,348 187,048
Other trading
activities		 5,142 5,142
Investment
income		 984 152 1,136
Total 183,906 11,500 195,406
EXPENDITURE ON
Charitable
activities
Charitable-Activities
167,929 91,316 259,245
NET INCOME/(EXPENDITURE) 15,977 (79,816) (63,839)
Transfers
between		 funds 33,269 (33,269)
Net movement
in funds		 49,246 (113,085) (63,839)
RECONCILIATION OF FUNDS
Total funds brought forward 117,969 3,312,727 3,430,696
TOTAL FUNDS CARRIED FORWARD 167,215 3,199,642 3,366,857
14. TANGIBLE FIXEDASSETS
Freehold Plant and Computer
property machinery equipment Totals
F F E
COST
At 1 April 2020 and 31 March 2021 4,243,604 114,501 2,077 4,360,182
DEPRECIATION
At 1 April 2020 1,137,562 76,818 2,077 1,216,457
Charge for year 78,472 4,550 83,022
At 31 March 2021 1,216,034 81,368 2,077 1,299,479
NET BOOK VALUE
At 31 March 2021 3,027,570 33,133 3,060,703
At 31 March 2020 3,106,042 37,683 3,143,725

DEBTO RS:A M OUNTS
F		 ALLING DUE WITHIN ONE Y EAR
31.3.21 31.3.20
F F
Trade debtors 498 7,366
Prepayments 785
498 8,151
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
E E
Trade creditors 2,460 3,220
VAT 8,244 8,944
Other creditors 277 155
Accrued expenses 2,200 2,200
13,181 14,519
MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.21
F F
Unrestricted funds
General fund 167,215 14,118 (315) 181,018
Restricted funds
SCRC 1,741,242 (45,822) 1,695,420
HWRC 1,364,800 (32,650) 1,332,150
Sinking Fund 46,040 6,083 52,123
Multi-use Games Area 33,504 (4,102) 29,402
Neighbourhood Management 304 304
Youth Projects 895 (895)
Dreamscheme 2,003 888 2,891
Growing our Communities 5,990 5,990
CCTV 4,179 (448) 3,731
Creative West 685 315 1,000
Pantry 7,000 7,000
Hesters Way Forum 255 255
3,199,642 (69,691) 315 3,130,266
TOTAL FUNDS 3,366,857 (55,573) 3,311,284

Net mov ement in funds,
included
in the ab		 ove are as follows:
Incoming Resources Movement
resources expended in funds
E E
Unrestricted funds
General fund 180,633 (166,515) 14,118
Restricted funds
SCRC (45,822) (45,822)
HWRC (32,650) (32,650)
Sinking Fund 6,083 6,083
Multi-use Games Area (4,102) (4,102)
Youth Projects (895) (895)
Dreamscheme 3,640 (2,752) 888
CCTV (448) (448)
Creative West 503 (503)
Pantry 7,000 7,000
Hesters Way Forum 1,370 (1,115) 255
18,596 (88,287) (69,691)
TOTAL FUNDS 199,229 (254,802) (55,573)

Compar atives for movement
in fu		 nds
Net Transfers
movement between At
At 1.4.19 in funds funds 31.3.20
F F F
Unrestricted funds
General fund 117,969 15,977 33,269 167,215
Restricted funds
SCRC 1,822,923 (45,822) (35,859) 1,741,242
HWRC 1,397,450 (32,650) 1,364,800
Sinking Fund 41,753 4,287 46,040
Multi-use Games Area 37,606 (4,102) 33,504
Neighbourhood Management 423 (119) 304
Youth Projects 3,673 (2,778) 895
Dreamscheme 2,909 (906) 2,003
Growing our Communities 5,990 5,990
CCTV 1,589 2,590 4,179
Creative West 685 685
3,312,727 (79,816) (33,269) 3,199,642
TOTAL FUNDS 3,430,696 (63,839) 3,366,857