```
REGISTERED COMPANY NUMBER: 04149483 (England and Wales)
REGISTERED CHARITY NUMBER: 1085503
```
```
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st March 2022
for
VANBRUGH COMMUNITY ASSOCIATION
MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Contents of the Financial Statements for the Year Ended 31st March 2022`**
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 16
Detailed Statement of Financial Activities 17 to 18
DRAFT
**----- End of picture text -----**
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Report of the Trustees`**
## **`for the Year Ended 31st March 2022`**
```
TheVCAtrustees,whoarethedirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31stMarch2022.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102.
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
TheobjectivesofVanbrughCommunityAssociationare:topromotethebenefitoftheinhabitantsof the
LondonBoroughofGreenwichandespeciallytheBlackheath,Westcombeandadjoiningwardsby furthering
theireducation,socialwelfareandleisureopportunitiesasameansofimprovingtheirqualityoflife, and
specificallybymanagingacommunityvenuetoprovideabaseforactivitieswhichwillhelpachieve those
objectives.
```
## **`Main activities for public benefit`**
```
Therearecurrently125groupswhouseMycenaeHouseonaregularbasis,ofwhich32areAffiliatedto the
VCA and31arePrivateMembergroups.Theactivitiesofthegroupsfitlargelywithinthecategoriesof Healthy
&Wellbeing,ArtsandCultureandChildrenandEducation.Therangeofactivitiesprovidedincludes physical
exercise,mentalhealth,visualarts,music,singing,natureandconservation,dance,seniorcitizen activities,
localhistory,scienceappreciation,judo,martialarts,weightcontrol,actingandtheatreskills,languages, and
healing.Thehousealsoprovidesfacilitiesforachildren'spre-schoolnurseryandcreativeeducation, hosts
meetings,trainingsessionsandconferencesforprofessionalorganisations,providesclassroomfacilities for
internationalschoolsandspacefortheRBG&NHSSocialServicesfamilycontactsessions,counselling, and
mental health support services, as well as being a Polling Station in National and Local Elections.
Therearetwocommunityorganisationswhichhaveofficesinthehouseandtherearetwoartistsin residence.
Inaddition,theVCAorganisesitsownprogrammeofculturaleventswhichincludelivemusic,theatre and
visual arts, fairs, and talks.
Ourwell-establishedReachOutProjectworkstotackleandreducesocialisolation,inequality,and supports
diversity in our local community through offering social activities, support sessions and access to services.
TheVCA isalsoapartnerintheFriendsofMycenaeGardens,TheEyesEUInteregproject,theannual Parksfest
eventinMycenaeGardensandtheWestcombeSociety'svariousfundraisingevents,includingthe MacMillan
Coffee Morning.
```
```
useMycenaeHouseonaregularbasis,of
groups.Theactivitiesofthegroupsfitlargelywithinthe
ChildrenandEducation.Therangeofactivities
arts,music,singing,natureandconservation,dance,
judo,martialarts,weightcontrol,actingandtheatre
facilitiesforachildren'spre-schoolnurseryand
conferencesforprofessionalorganisations,provides
fortheRBG&NHSSocialServicesfamilycontact
whichhaveofficesinthehouseandthereare
itsownprogrammeofculturaleventswhichinclude
Projectworkstotackleandreducesocialisolation,
FriendsofMycenaeGardens,TheEyesEUInteregproject,
theWestcombeSociety'svariousfundraisingevents,
planningactivitiesattheCentre,westrivetocomplywith
requirementsinaccordancetheServiceLevel
4 oftheCharitiesAct 2016andtheguidanceissuedby the
otherregularhirersmustprovideaclearpublicbenefit
mustalsocreateapublicbenefitandmakeapositive
```
```
Mycenae House has a licensed café bar for the use of user groups and visitors, with free Wi-Fi.
```
## **`How our activities deliver Social value`**
```
WhenacceptingbookingsandplanningactivitiesattheCentre,westrivetocomplywiththeVCA's mission, it's
socialvaluecommitmentsandrequirementsinaccordancetheServiceLevelAgreementwiththe Royal
BoroughofGreenwich,Section4 oftheCharitiesAct 2016andtheguidanceissuedby theCharity Commission
on Social Value.
```
```
The general principles that we adhere to are:
-Affiliatedgroupactivitiesandotherregularhirersmustprovideaclearpublicbenefitwhichgivesa social,
educational, health and/or wellbeing benefit to participating residents of the Ward and the Borough.
-PrivateMembershireactivitiesmustalsocreateapublicbenefitandmakeapositivecontributionto the
finances of the Centre.
-Providelowcost,suitableandaccessiblespacesandresourcesforcommunitydevelopmentand social
needs.
```
```
-Aimtodevelopaccessiblepopulareventsandsocialopportunitiesforthebenefitofresidentsofthe Ward
and the Borough, particularly the socially excluded and vulnerable communities.
```
```
-TheVCA/MycenaeHousearesignatoriesofandcommittedtotheprinciplesoftheRoyalBorough of
Greenwich's Equality and Equity Charter.
```
```
Page 1
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Report of the Trustees`**
## **`for the Year Ended 31st March 2022`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Achievement & performance`**
```
Thebusinessyear2021/2022canbecharacterisedintotwodistincthalves.ApriltoAugustandSeptember to
March.ThefirsthalfwasdominatedbypreparingfortheendofCovidlockdownrestrictionsandthe second
half of fully reopening and running a full programme, post lockdown restrictions. (September - March)
```
```
AprilthroughtoAugustwascharacterisedbytheCovidlockdownperiodandthephasingoutof national
restrictions.Thismeantslowlyreadjustingourworkingpracticesandexpandingourprogrammewhen possible.
Thiscompromisedourabilitytomakeanythinglikenormalfinancialturnover,howeverwecontinuedto benefit
fromgovernmentsupportincludingFurloughpayments.Despitetheserestrictionswewereabletopresent a
buoyant programme and income, delivered by a willing and able core team of staff.
```
```
FromSeptemberallgovernmentrestrictionswerelifted,financialsupportended,andallstaffreturned from
Furlough.Thisleftustoreturntofendingforourselves.Theprogrammebegantoreturnbutveryslowly with
manyusergroupsreluctanttorisktheirparticipantsandmembers.Wealsowitnessednumbersofvisitors and
attenders returning slowly. Thankfully by the end of the financial year numbers attending were healthy.
```
```
servestheisolated,vulnerable,anddisadvantaged
busythroughoutthistimebothbyprovidingflexible
incomingbacktothehouse.OurDrop-InWellbeing
andattractedmanynewpartnershipswithexisting
andpopularfacilitytohelppeoplereengagewiththe
peoplejustsocialisingandmeetingfriends.We
ofprideandreassuranceisthecommitmentofallour
wetriedtomaintainourusualfunctionsincluding
channelsandwealsoproducedourusualbrochure
atthecentrethroughoutandwassupportedbythe
andmanagementfunctionsremainedoperational.
functionedasrequired.InSeptemberwewereable
tostaffneedsinreturningtoworkinapublicsetting
infrastructureandfabricofthecentreas required,we were
café,replacethechillerdisplayunitinthecaféand
```
```
OurReachOutproject,whichservestheisolated,vulnerable,anddisadvantagedcommunitymembersof the
areawasactiveandextremelybusythroughoutthistimebothbyprovidingflexibleinterventionsto help
peopleintheirhomesandslowlyincomingbacktothehouse.OurDrop-InWellbeingCaféhas,asa result,
gonefromstrengthtostrengthandattractedmanynewpartnershipswithexistingorganisationsworkingin the
same fields.
```
```
TheCaféBarhasprovedavitalandpopularfacilitytohelppeoplereengagewiththecommunityand has
seenanincreaseinfootfallfrompeoplejustsocialisingandmeetingfriends.Wehavealsoseena larger
number of people who are working remotely use the facilities to work with laptops in the café.
```
```
What remainsa constantsourceofprideandreassuranceisthecommitmentofallourstaffwhichdoesnot go
unnoticed by the community or the board.
```
```
Administrativelyandstrategically,wetriedtomaintainourusualfunctionsincludingcommunications through
digitalandsocialmediamarketingchannelsandwealsoproducedourusualbrochuredistributedto 8,000
local houses in September.
```
## **`Management and administration`**
```
Thecoreteamcontinuedtoworkatthecentrethroughoutandwassupportedbythechairandtreasurer with
weeklymeetings.Alladministrativeandmanagementfunctionsremainedoperational.Boardmeetings were
heldasplannedbutonlineandfunctionedasrequired.InSeptemberwewereabletobringallstaffout of
furloughandstrivedtobesensitivetostaffneedsinreturningtoworkinapublicsettingbyoffering staggered
work patterns and refresher training as required.
```
## **`Maintenance, repairs and improvements`**
```
We continuedto maintaintheinfrastructureandfabricofthecentreas required,we werealsoableto change
theback-of-counterset-upinthecafé,replacethechillerdisplayunitinthecaféandmakeimprovement to
the storage facilities in the house.
```
```
PeterDixoncontinuedtoprovidesupportforalltheplumbing,drainageandpipeworkforthecentre as
required. We are indebted to him for his skill, commitment, and proactive nature in maintaining the building.
```
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
ThepolicyoftheVCA istoholdfinancialreservesthat,atminimum,areequivalenttothetotaloperating costs
ofMycenaeHouseforaperiodofsixmonths.FortheyeartoMarch2022theTrusteesconsideredthat the
appropriate level for the reserve was £150,000; this figure is reviewed on an annual basis.
```
```
The risks covered by the reserve have been identified as:
```
- `the loss/reduction of core funding from the Royal Borough of Greenwich and`
- `a reduction in Centre usage resulting in loss of income.`
```
Inaddition,wecontinuetoholdaCapitalWorksReserveFundtocovertheanticipatedcostoffuture major
improvementswewillseektoundertaketoMycenaeHouseoncewehavebeengrantedalongleaseby the
RoyalBoroughofGreenwich.Themaincomponentofthisprogrammewillbetheinstallationofa passenger lift
to provide easy access to all floors of the building for all our users, visitors and staff.
```
```
Page 2
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Report of the Trustees`**
## **`for the Year Ended 31st March 2022`**
## **`FINANCIAL REVIEW`**
## **`Investment policy and objectives`**
```
TheTrusteescontinueto taketheviewthatbankdeposits,savingsbondsandbuildingsocietysavings accounts
bestmeettheneedforsecuringsomereturnonourfinancialreservesforaminimumofrisk.Inthese uncertain
timestheincomefrominvestmentsandinteresthasreducedtobeinglargelynegligibleandthisstrategy is
under review.
```
## **`Overall position`**
```
TheVCA/MycenaeHouseexperiencedanon-typicalfinancialyearbetween2021-22,giventhe Covid19
Pandemic,resultantlossofincomeandthentheslowreturntoakindofnormality.Onewaytodescribe our
yearisthatwehavelargelybeenplanningforanddeliveringafullreopeningwhilstsimultaneously minimising
risk and costs to help safeguard our medium to long-term recovery and sustainability of the organisation.
```
```
Ourincomefromroomhirewassignificantlyhigherthanthepreviousyearat£180,262butgrantsand income
fromgovernmentandlocalauthoritywaslowerat£114,061duetohalfyearfurloughpayments. Trading
income from the Café Bar was healthy at £84,004. Total turnover was £388,054.
```
```
waslowerat£114,061duetohalfyear
oftheorganisation,fora verydifficultandseverely
allthingsareconsidered,wefeelthisisa
largelyunaffectedat£276,285(nominallyincreased
fromtheRoyalBoroughofGreenwichand
roomrentaltousergroups,commercialhirersandfrom
Incomeisalsoproducedfromsalesinthecafébar
fundingfromvarioussourcesonaproject-by-project
year,benefittedconsiderablyfromtheFurloughJob
andSustainabilityinthisnewenvironmentwhichislikely
anambitious,fullblownbusinessplancoveringthe2023
ourworkintheareasofSocialIsolationforVulnerable
```
```
Theoverallfinancialperformanceoftheorganisation,fora verydifficultandseverelycompromisedyearwas a
modestdeficitof£5,131.Whenallthingsareconsidered,wefeelthisisamanageablepositionand a
remarkable and positive outcome, one which could have been much more painful.
```
```
Ourunrestrictedreservesstayedlargelyunaffectedat£276,285(nominallyincreaseddueto investment
interest)
```
## **`Principal sources of income`**
```
TheVCAreceivescorefundingfromtheRoyalBoroughofGreenwichandoccupiesMycenae House
Community Centre, rent free under a Tenancy at Will lease from them.
```
```
Furtherincomeisproducedfromroomrentaltousergroups,commercialhirersandfromprivatefunctions such
asweddingsandbirthdayparties.Incomeisalsoproducedfromsalesinthecafébarfacilities.In-kind funding
is welcomed and is received from various sources.
```
```
Theorganisationappliesforprojectfundingfromvarioussourcesonaproject-by-projectbasisfrom Trusts,
Foundations, Government sources and through general fundraising.
Wehave,inthefirsthalfofthisyear,benefittedconsiderablyfromtheFurloughJobRetentionScheme and
other government support funds.
```
## **`FUTURE PLANS`**
```
For the future our plans include: -
```
```
-PlanforRecovery,ResilienceandSustainabilityinthisnewenvironmentwhichislikelytoprevailfor several
years yet.
```
```
- We aimto beableto drawupanambitious,fullblownbusinessplancoveringthe2023- 2026period.Until the
board are confident to do so we will generate plans on a year-by-year basis.
```
```
-WewilldevelopandstrengthenourworkintheareasofSocialIsolationforVulnerableand Disadvantaged
community members through the Reach Out Project model.
```
```
- We will continue to develop strong and supportive partnerships with other organisations to deliver our work.
```
```
-Undertakingmoredirectfundraising,particularlywithtrustsandfoundations,tosupportourprogramme and
our building development objectives.
```
```
- We aim to better support our staff through training and role development.
```
```
-Weaimtodelivertheinstallationofthelong-neededliftwithinthenextyeargiventhegenerous financial
support from the Greenwich Neighbourhood Growth Fund (GNGF).
```
```
-WewillcontinueournegotiationswithRoyalBoroughofGreenwichforalongleasefortheMycenae House
building which will give us security, allowing us to fulfil the need for a lift to all floors.
```
```
-We willconsolidatethegreatworkandsupportthetrusteeshaveprovidedthestaffandorganisation through
difficult times.
```
```
Page 3
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Report of the Trustees`**
## **`for the Year Ended 31st March 2022`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
VanbrughCommunityAssociation(VCA)isacharitablecompanylimitedbyguaranteewhich was
incorporatedon29thJanuary2001.VCA was originallyregisteredas a charityon29thNovember1994and was
re-registered,afteritsincorporation,on12thMarch2001.TheincorporatedVCAwasestablishedunder a
MemorandumandArticlesofAssociationwhichsetitsobjectsandpowersandisgovernedunderitsArticles of
Association.IntheeventofVCAbeingwoundupmembersarerequiredtocontributeanamount not
exceeding £1.
```
## **`Recruitment and appointment of Management Committee`**
```
OurBoardofTrusteesconsistsofnotmorethan12memberswhoareelectedattheAnnualGeneral Meeting
fromnominationssubmittedbytheMembersoftheVCA.IftherearevacanciesontheBoard,members can
beco-optedatanytimeduringtheyearbutmustretireatthenextAnnualGeneralMeeting.In accordance
withtherequirementsoftheMemorandumandArticlesofAssociation,one-thirdoftheelectedmembers of
theBoardretireateveryAnnualGeneralMeeting.Thememberswhoretirearethosewhohavebeen longest
inofficesincetheirlastelection.Inaddition,ateveryAnnualGeneralMeeting,allco-optedmembersof the
Board must retire. All Committee members who retire are eligible (subject to nomination) to re-election.
All members of the Board give their time voluntarily and receive no benefits.
```
- `In addition, at every Annual General Meeting, all on the third Tuesday of the month and is`
- `the VCA. The HR and Finance Sub-Committees meet on case of the Finance Sub-Committee. The Executive`
- `after having had an interview and informal meeting before being co-opted and/or formally voted on to`
## **`Governance and management`**
```
TheBoardmeetseverytwomonthsonthethirdTuesdayofthemonthandisresponsiblefordeciding the
strategicdirectionandpolicyoftheVCA. TheHRandFinanceSub-Committeesmeetonanas-needed basis.
Thisisusuallyeverymonth,inthecaseoftheFinanceSub-Committee.TheExecutiveDirectorisresponsible for
the day to day running of Mycenae House and the implementation of Board decisions.
```
## **`Trustee induction and training`**
```
AllnewTrusteesareintroducedafterhavinghadaninterviewandinformalmeetingwiththeChair.They are
invitedtoobserveatrusteemeetingbeforebeingco-optedand/orformallyvotedontothecommittee. They
are then given an induction pack of information containing key policies, advice and roles and responsibilities.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
04149483 (England and Wales)
```
## **`Registered Charity number`**
```
1085503
```
## **`Registered office`**
```
Mycenae House
90 Mycenae Road
Blackheath
London
SE3 7SE
```
## **`Trustees`**
```
J Stephenson - Chair
S Whyatt - Treasurer
S Peck
P Dixon
R Allen
H Sanghara
R Patenall
J Thomas
L Durrant (appointed 16.11.21)
M Spence (appointed 16.11.21)
```
```
Page 4
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Report of the Trustees for the Year Ended 31st March 2022`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Independent Examiner`**
```
MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD
```
## **`Bankers`**
```
Barclays Bank plc.
43A Vanbrugh Park
Blackheath
London
SE3 7AB
```
- `recognise the importance and brilliance of the work commitment, hard work, flexibility, and diligence`
- `the Royal Borough of Greenwich for their support and`
- `to place on record his thanks to the Chair, the Treasurer`
## **`Executive Director`**
```
Mark Johnson-Brown
```
## **`Website`**
```
www.mycenaehouse.co.uk
```
```
TheTrusteesandExecutiveDirectorrecognisetheimportanceandbrillianceoftheworkofthestaffto make
MycenaeHousethrive.Theirexceptionalcommitment,hardwork,flexibility,anddiligencethroughoutthe year
to support and help Mycenae House to survive the significant challenges thrown at it.
ThetrusteeswouldalsoliketothanktheRoyalBoroughofGreenwichfortheirsupportandtootherpartners for
their extraordinary support during this time.
```
```
TheExecutiveDirectorwouldliketo placeonrecordhisthanksto theChair,theTreasurerandothertrustees for
the unwavering support shown to him and the team during the last year.
Approved by order of the Board of Trustees on ............................................. and signed on its behalf by:
```
```
...........................................................................
S Whyatt - Trustee
```
```
Page 5
```
```
Independent Examiner's Report to the Trustees of
Vanbrugh Community Association
```
## **`Independent examiner's report to the trustees of Vanbrugh Community Association ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31st March 2022.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the
2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyour charity's
accountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').Incarryingout my
examinationIhavefollowedtheDirectionsgivenbytheCharityCommissionundersection145(5)(b)of the
2011 Act.
```
## **`Independent examiner's statement`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.I can
confirmthatIam qualifiedto undertaketheexaminationbecauseIam a registeredmemberofACCA which is
one of the listed bodies.
```
- `the because I am a registered`
- `I confirm that no matters have come to my attention`
- `not kept in respect of the Company as required by with the accounting requirements of section 396`
- `the accounts give a true and fair view which is not a`
- `been prepared in accordance with the methods Practice for accounting and reporting by`
- `accounts in accordance with the Financial Reporting come across no other matters in connection with the report in order to enable a proper understanding of`
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection with
the examination giving me cause to believe:
1.accountingrecordswerenotkeptinrespectoftheCompanyasrequiredbysection386ofthe 2006
Act; or
```
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
I M Walker FCCA
ACCA
MastersFuller
38 Salisbury Road
Worthing
West Sussex
BN11 1RD
```
```
Date: .............................................
```
```
Page 6
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Statement of Financial Activities`**
## **`(Incorporating an Income and Expenditure Account) for the Year Ended 31st March 2022`**
|**DRAF**
`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`4,424`**
**`Charitable activities`**
`5`
`Hall & room rental`
**`180,262`**
`Grants`
**`112,561`**
`Other trading activities`
`3`
**`84,004`**
`Investment income`
`4`
**`114`**
**`Total`**
**`381,365`**
**`EXPENDITURE ON`**
`Raising funds`
`6`
**`62,165`**
**`Charitable activities`**
`7`
`Centre running expenses`
**`322,995`**
**`Total`**
**`385,160`**
**`NET INCOME/(EXPENDITURE)`**
**`(3,795)`**
**`Transfers between funds`**
`16`
**`22,820`**
**`Net movement in funds`**
**`19,025`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`330,643`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`349,668`**|**T**
`Restricted`
`funds`
`£`
**`58`**
**`-`**
**`1,500`**
**`-`**
**`-`**
**`1,558`**
**`-`**
**`2,894`**
**`2,894`**
**`(1,336)`**
**`(22,820)`**
**`(24,156)`**
**`234,086`**
**`209,930`**|**`2022`**
**`Total`**
**`funds`**
**`£`**
**`4,482`**
**`180,262`**
**`114,061`**
**`84,004`**
**`114`**
**`382,923`**
**`62,165`**
**`325,889`**
**`388,054`**
**`(5,131)`**
**`-`**
**`(5,131)`**
**`564,729`**
**`559,598`**|`2021`
`Total`
`funds`
`£`
`5,088`
`59,703`
`435,218`
`13,345`
`993`|
|---|---|---|---|
||||`514,347`
`47,427`
`290,242`|
||||`337,669`|
||||`176,678`
`-`|
||||`176,678`
`388,051`|
||||`564,729`|
|||||
```
The notes form part of these financial statements
```
```
Page 7
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Balance Sheet`**
## **`31st March 2022`**
|**`2022`**|`2021`|
|---|---|
|`Unrestricted`
`Restricted`
**`Total`**|`Total`|
|`funds`
`funds`
**`funds`**|`funds`|
|`Notes`
`£`
`£`
**`£`**|`£`|
|**`FIXED ASSETS`**||
|`Tangible assets`
`11`
**`44,138`**
**`-`**
**`44,138`**|`22,763`|
|**`CURRENT ASSETS`**||
|`Stocks`
`12`
**`3,908`**
**`-`**
**`3,908`**|`2,182`|
|`Debtors`
`13`
**`20,772`**
**`-`**
**`20,772`**|`9,093`|
|`Investments`
`14`
**`276,285`**
**`-`**
**`276,285`**|`276,191`|
|`Cash at bank and in hand`
**`35,397`**
**`209,930`**
**`245,327`**|`263,667`|
|**`336,362`**
**`209,930`**
**`546,292`**|`551,133`|
|**DRAFT**
**`CREDITORS`**
`Amounts falling due within one year`
`15`
**`(30,832)`**
**`-`**
**`(30,832)`**
`(9,167)`
**`NET CURRENT ASSETS`**
**`305,530`**
**`209,930`**
**`515,460`**
`541,966`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`349,668`**
**`209,930`**
**`559,598`**
`564,729`
**`NET ASSETS`**
**`349,668`**
**`209,930`**
**`559,598`**
`564,729`
**`FUNDS`**
`16`
`Unrestricted funds`
**`349,668`**
`330,643`
`Restricted funds`
**`209,930`**
`234,086`
**`TOTAL FUNDS`**
**`559,598`**
`564,729`
`The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for`
`the year ended 31st March 2022.`
`The members have not required the company to obtain an audit of its financial statements for the year ended`
`31st March 2022 in accordance with Section 476 of the Companies Act 2006.`
`The trustees acknowledge their responsibilities for`
`(a)`
`ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387`
`of the Companies Act 2006 and`
`(b)`
`preparingfinancialstatementswhichgiveatrueandfairviewofthestateofaffairsofthe charitable`||
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
```
```
S Whyatt - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
## **`VANBRUGH COMMUNITY ASSOCIATION`**
```
Cash Flow Statement
for the Year Ended 31st March 2022
```
|**DRA**
`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Net cash provided by operating activities`
**`Cash flows from investing activities`**
`Purchase of tangible fixed assets`
`Interest received`
`Interest received on bonds`
`Net cash used in investing activities`
**`Change in cash and cash equivalents in`**
**`the reporting period`**
**`Cash and cash equivalents at the`**
**`beginning of the reporting period`**
**`Cash and cash equivalents at the end of`**
**`the reporting period`**|**FT**
**`2022`**
`2021`
**`£`**
`£`
**`12,263`**
`186,176`
**`12,263`**
`186,176`
**`(30,623)`**
`(23,561)`
**`114`**
`993`
**`(94)`**
`(972)`
**`(30,603)`**
`(23,540)`
**`(18,340)`**
`162,636`
**`263,667`**
`101,031`
**`245,327`**
`263,667`|
|---|---|
```
The notes form part of these financial statements
```
```
Page 9
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Notes to the Cash Flow Statement`**
## **`for the Year Ended 31st March 2022`**
## **`1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES`**
```
20222021
££
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (5,131)176,678
Adjustments for:
Depreciation charges9,2488,355
Interest received(114)(993)
(Increase)/decrease in stocks(1,726)1,324
(Increase)/decrease in debtors(11,679)11,855
Increase/(decrease) in creditors21,665(11,043)
Net cash provided by operations 12,263186,176
2.ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21Cash flowAt 31.3.22
£££
Net cash
Cash at bank and in hand263,667(18,340)245,327
263,667(18,340)245,327
Liquid resources
Deposits included in cash---
Current asset investments276,19194276,285
276,19194276,285
Total539,858(18,246)521,612
```
```
The notes form part of these financial statements
```
```
Page 10
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Notes to the Financial Statements`**
## **`for the Year Ended 31st March 2022`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
- `as expenditure as soon as there is a legal or`
- `that expenditure, it is probable that a transfer of the amount of the obligation can be measured basis and has been classified under headings`
- `Where costs cannot be directly attributed to particular`
- `at cost less accumulated depreciation. The costs of at the following annual rates in order to write off each lower of cost and net realisable value, after making used in accordance with the charitable objectives at`
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
```
```
Tangible fixed assets
Fixedassetsarestatedatcostlessaccumulateddepreciation.Thecostsofminoradditions below
£1,000 are not capitalised and are included in the SOFA.
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoverits estimated
useful life.
```
```
Fixtures, fitting & equipment - 20% on cost
```
## **`Stocks`**
```
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowance for
obsolete and slow moving items.
```
```
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayable to
thecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesin the
period to which they relate.
```
```
Contributionspayable to
```
## **`2. DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
||**`2022`**|`2021`|
||**`£`**|`£`|
|`Membership subscriptions`|**`88`**|`989`|
|`Fundraising & donations`|**`4,394`**|`4,099`|
||**`4,482`**|`5,088`|
```
continued...
```
```
Page 11
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31st March 2022`**
## **`3. OTHER TRADING ACTIVITIES`**
|**DRAFT**
`Bar`
`Events`
`Advertising`
**`4.`**
**`INVESTMENT INCOME`**
`Deposit account interest`
**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Hall & room hire`
`Hall & room rental`
`Royal Borough of`
`Greenwich`
`Grants`
`EYES grant`
`Grants`
`Reach Out grant`
`Grants`
`NGF Digital grant`
`Grants`
`CJRS`
`Grants`
`Grants received, included in the above, are as follows:`
`Service level agreement`
`GNGF Development grant`
`Covid`
**`6.`**
**`RAISING FUNDS`**
**`Other trading activities`**
`Purchases`
`Staff costs`|**`2022`**
**`£`**
**`78,455`**
**`2,029`**
**`3,520`**
**`84,004`**
**`2022`**
**`£`**
**`114`**
**`2022`**
**`£`**
**`180,262`**
**`23,250`**
**`24,598`**
**`4,756`**
**`1,500`**
**`59,957`**
**`294,323`**
**`2022`**
**`£`**
**`11,250`**
**`-`**
**`12,000`**
**`23,250`**
**`2022`**
**`£`**
**`31,799`**
**`30,366`**
**`62,165`**|`2021`
`£`
`13,332`
`13`
`-`
`13,345`
`2021`
`£`
`993`
`2021`
`£`
`59,703`
`288,322`
`4,523`
`-`
`-`
`142,373`|`2021`
`£`
`13,332`
`13`
`-`|
|---|---|---|---|
||||`13,345`|
|||`494,921`||
|||`2021`
`£`
`15,000`
`232,750`
`40,572`||
|||`288,322`||
|||`2021`
`£`
`7,748`
`39,679`
`47,427`||
```
continued...
```
```
Page 12
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Notes to the Financial Statements - continued for the Year Ended 31st March 2022`**
## **`7. CHARITABLE ACTIVITIES COSTS`**
**----- Start of picture text -----**
Direct
Costs
£
Centre running expenses 325,889
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2022 2021
£ £
Depreciation - owned assets 9,248 8,355
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the
year ended 31st March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended
31st March 2021.
10. STAFF COSTS
2022 2021
£ £
Wages and salaries 244,433 255,548
Social security costs 7,975 16,771
Other pension costs 3,909 3,866
256,317 276,185
The average monthly number of employees during the year was as follows:
2022 2021
Bar staff 5 5
House supervisors 5 5
Administration 4 4
Project manager 1 1
15 15
No employees received emoluments in excess of £60,000.
DRAFT
**----- End of picture text -----**
```
continued...
```
```
Page 13
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31st March 2022`**
## **`11. TANGIBLE FIXED ASSETS`**
|**DRA**
**`COST`**
`At 1st April 2021`
`Additions`
`At 31st March 2022`
**`DEPRECIATION`**
`At 1st April 2021`
`Charge for year`
`At 31st March 2022`
**`NET BOOK VALUE`**
`At 31st March 2022`
`At 31st March 2021`
**`12.`**
**`STOCKS`**
`Stocks`
**`13.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Other debtors`
`VAT`
**`14.`**
**`CURRENT ASSET INVESTMENTS`**
`Fixed term bonds`|**FT**
`Long`
`leasehold`
`£`
**`-`**
**`22,820`**
**`22,820`**
**`-`**
**`1,141`**
**`1,141`**
**`21,679`**
`-`|`&`|`Fixtures,`
`fittings`
`equipment`
`£`
**`131,039`**
**`7,803`**
**`138,842`**
**`108,276`**
**`8,107`**
**`116,383`**
**`22,459`**
`22,763`
**`2022`**
**`£`**
**`3,908`**
**`2022`**
**`£`**
**`19,574`**
**`50`**
**`1,148`**
**`20,772`**
**`2022`**
**`£`**
**`276,285`**|`Totals`
`£`
**`131,039`**
**`30,623`**|`Totals`
`£`
**`131,039`**
**`30,623`**|
|---|---|---|---|---|---|
|||||**`161,662`**||
|||||**`108,276`**
**`9,248`**||
|||||**`117,524`**||
||||||**`44,138`**|
||||||`22,763`|
|||||`2021`
`£`
`2,182`
`2021`
`£`
`7,939`
`-`
`1,154`
`9,093`
`2021`
`£`
`276,191`|`2021`
`£`
`2,182`
`2021`
`£`
`7,939`
`-`
`1,154`|
||||||`9,093`|
```
continued...
```
```
Page 14
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31st March 2022`**
## **`15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Trade creditors`
`Accrued expenses`|**`2022`**
`2021`
**`£`**
`£`
**`17,841`**
`4,937`
**`12,991`**
`4,230`
**`30,832`**
`9,167`|
|---|---|
## **`16. MOVEMENT IN FUNDS`**
|**DR**
**`Unrestricted funds`**
`General fund`
`Capital Works Reserve fund`
**`Restricted funds`**
`Digital Grant`
`GNGF Development fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above a`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Digital Grant`
**`TOTAL FUNDS`**|**AFT**
`Net`
`Transfers`
`movement`
`between`
`At`
`At 1.4.21`
`in funds`
`funds`
`31.3.22`
`£`
`£`
`£`
`£`
**`171,907`**
**`(3,795)`**
**`22,820`**
**`190,932`**
**`158,736`**
**`-`**
**`-`**
**`158,736`**
**`330,643`**
**`(3,795)`**
**`22,820`**
**`349,668`**
**`1,336`**
**`(1,336)`**
**`-`**
**`-`**
**`232,750`**
**`-`**
**`(22,820)`**
**`209,930`**
**`234,086`**
**`(1,336)`**
**`(22,820)`**
**`209,930`**
**`564,729`**
**`(5,131)`**
**`-`**
**`559,598`**
`re as follows:`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
**`381,365`**
**`(385,160)`**
**`(3,795)`**
**`1,558`**
**`(2,894)`**
**`(1,336)`**
**`382,923`**
**`(388,054)`**
**`(5,131)`**|
|---|---|
```
continued...
```
```
Page 15
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31st March 2022`**
## **`16. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|`Net`||
|---|---|
|`movement`|`At`|
|`At 1.4.20`
`in funds`|`31.3.21`|
|`£`
`£`|`£`|
|**`Unrestricted funds`**||
|`General fund`
`226,003`
`(54,096)`|`171,907`|
|`Capital Works Reserve fund`
`158,736`
`-`|`158,736`|
|`384,739`
`(54,096)`|`330,643`|
|**`Restricted funds`**||
|`Digital Grant`
`3,312`
`(1,976)`|`1,336`|
|**DRAFT**
`GNGF Development fund`
`-`
`232,750`
`232,750`
`3,312`
`230,774`
`234,086`
**`TOTAL FUNDS`**
`388,051`
`176,678`
`564,729`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`281,597`
`(335,693)`
`(54,096)`
**`Restricted funds`**
`Digital Grant`
`-`
`(1,976)`
`(1,976)`
`GNGF Development fund`
`232,750`
`-`
`232,750`
`232,750`
`(1,976)`
`230,774`
**`TOTAL FUNDS`**
`514,347`
`(337,669)`
`176,678`
`The Capital Works Reserve fund is a designated fund and has been set aside for the installation of `
`passenger lift and the refurbishment of the bars and kitchen, subject to obtaining security of tenure `
`Mycenae House.`
`The GNGF (Greenwich Neighbourhood Growth Fund) Development fund is a restricted fund. The gra`
`from RBG is allocated to expenditure to make Mycenae House fully accessible and as user friendly as `||
```
TheCapitalWorksReservefundisadesignatedfundandhasbeensetasidefortheinstallationof a
passengerliftandtherefurbishmentofthebarsandkitchen,subjecttoobtainingsecurityoftenure of
Mycenae House.
```
```
TheGNGF(GreenwichNeighbourhoodGrowthFund)Developmentfundisarestrictedfund.The grant
fromRBGisallocatedtoexpendituretomakeMycenaeHousefullyaccessibleandasuserfriendlyas is
viably possible.
```
## **`17. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31st March 2022.
```
```
Page 16
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Detailed Statement of Financial Activities`**
## **`for the Year Ended 31st March 2022`**
|**DRAFT**
**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Membership subscriptions`
`Fundraising & donations`
**`Other trading activities`**
`Bar`
`Events`
`Advertising`
**`Investment income`**
`Deposit account interest`
**`Charitable activities`**
`Hall & room hire`
`Royal Borough of Greenwich`
`EYES grant`
`Reach Out grant`
`NGF Digital grant`
`CJRS`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Other trading activities`**
`Purchases`
`Wages`
**`Charitable activities`**
`Wages`
`Social security`
`Pensions`
`Rates & water`
`Insurance`
`Light & heat`
`Telephone`
`Postage & stationery`
`Advertising`
`Sundries`
`Cleaning`
`Repairs & maintenance`
`Training`
`Carried forward`|`2022`
`£`
**`88`**
**`4,394`**
**`4,482`**
**`78,455`**
**`2,029`**
**`3,520`**
**`84,004`**
**`114`**
**`180,262`**
**`23,250`**
**`24,598`**
**`4,756`**
**`1,500`**
**`59,957`**
**`294,323`**
**`382,923`**
**`31,799`**
**`30,366`**
**`62,165`**
**`214,067`**
**`7,975`**
**`3,909`**
**`3,483`**
**`1,830`**
**`13,782`**
**`2,564`**
**`5,597`**
**`6,731`**
**`4,763`**
**`10,089`**
**`25,086`**
**`157`**
**`300,033`**|`2021`
`£`
`989`
`4,099`|
|---|---|---|
|||`5,088`
`13,332`
`13`
`-`|
|||`13,345`
`993`
`59,703`
`288,322`
`4,523`
`-`
`-`
`142,373`|
|||`494,921`|
|||`514,347`
`7,748`
`39,679`|
|||`47,427`
`215,869`
`16,771`
`3,866`
`385`
`1,500`
`10,201`
`2,160`
`2,048`
`3,070`
`830`
`7,913`
`10,865`
`-`
`275,478`|
```
This page does not form part of the statutory financial statements
```
```
Page 17
```
```
VANBRUGH COMMUNITY ASSOCIATION
```
## **`Detailed Statement of Financial Activities`**
```
for the Year Ended 31st March 2022
```
|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 31st March 2022`**|||
|---|---|---|
|**`Charitable activities`**
`Brought forward`
`Events`
`Bank charges`
`Legal & professional fees`
`Accountancy`
`Project costs`
`Long leasehold`
`Depreciation`
`Total resources expended`
**`Net (expenditure)/income`**|`2022`
`£`
**`300,033`**
**`2,429`**
**`2,988`**
**`3,118`**
**`1,080`**
**`6,993`**
**`1,141`**
**`8,107`**
**`325,889`**
**`388,054`**
**`(5,131)`**|`2021`
`£`
`275,478`
`30`
`1,356`
`903`
`1,056`
`3,064`
`-`
`8,355`|
|||`290,242`|
|||`337,669`|
|||`176,678`|
```
Net (expenditure)/income (5,131)
```
##
```
This page does not form part of the statutory financial statements
```
```
Page 18
```