2021-02-28-accounts - Moseley Community Development Trust

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COMPANY INFORMATION
TRUSTEES' ANNUAL REPORT	4-12
INDEPENDENT EXAMINER'S REPORT	13
STATEMENT OF FINANCIAL ACTIVITIES	14
BALANCE SHEET	15
CASHFLOW
NOTES TO THE FINANCIAL STATEMENTS	17-23
DETAILED INCOME AND EXPENDITURE SUMMARY	24
NOTES TO THE STATEMENT OF CASH FLOWS	25

INCORPORATING AN INC	OME	& E	XPENDITURE	ACCOUNT
				2021				2020
			Unrestricted	Restricted		Unrestricted	Restricted
			funds	funds	Totals	funds		funds	Totals
		Note	f	f	f	f		f	f
INCOME FROM
Donations and legacies
Fundraising and donations			2,167	11,392	13,559	57		18,890	18,948
Other activities
Office rental			51,598		51,598	53,951			53,951
Room hire income			4,141		4,141	33,823			33,823
Professional services			734		734	747			747
Investments
Bank interest
Charitable activities
Grants receivable			39,514	152,759	192,273			33,701	33,701
Arts and winter market			0	50	50	1,080		570	1,650
Exchange Membership			23,026		23,026	51,018			51,018
TOTAL INCOME			121,180	164,201	285,381	140,676		53,161	193,837
EXPENDITURE ON
Raising funds
Office rental		3a	22,211		22,211	28,924			28,924
Room hire		3b	12,126		12,126	38,423			38,423
Professional services		3c	795		795	812			812
Charitable Activities
Charitable Activities		3d	33,711	162,249	195,960	58,419		51,638	110,057
Governance costs		3e	9,426		9,426	8,747			8,747
TOTAL EXPENDITURE			78p269	162p249	240518	135p325		51g638	186p963
Net income/(expenditure)	and
net movement in funds for	the	year	42,911	1,952	44,863	5,351		1,523	6,875
TRANSFER BETWEEN FUNDS						1,540		(1,540)
RECONCILIATION OF FUNDS
Total funds brought forward
as at 1March 2020			175,687	800,654	976,341	168,795		800,671	969,465
Total funds carried forward
as at 28February 2021			218,598	802,606	1,021,205	175,687		800,654	976,341

BALANCE SHEET AS AT28 FEBRUARY 2021 Company number: 4163271
		2021	2020
	Notes	f	f
FIXEDASSETS
Tangible Assets		864,950	857,196
CURRENT ASSETS
Trade debtors		6,253	5,657
Prepayments and accrued income		917	13,564
Cash at bank and in hand		164,603	109,310
		171,773	128,532
CREDITORS
Amounts falling due with one year		(15,519)	(9,387)
NET CURRENT ASSETS		156,254	119,145
NET ASSETS		1,021,204	976,341
FUNDS
Restricted funds		802,606	800,654
Unrestricted funds	10	218,598	175,687
		1,021,204	976,341

				Notes	2021	2020
					f	f
Cash flows from operating activities:
Net cash provided by/ (used in) operating		activities		15	84,686	4,006
Cash flows from Investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of property, plant		and equipment
Purchase of property, plant and equipment					(29,395)
Proceeds from sale of investments
Purchase ofinvestments
Net cash provided by/ (used in) investing		activities			(29,395)
Cash flows from financing activities:
Repayments ofborrowing
Cash inflows from new borrowing
Receipt ofendowment
Net cash provided by (used in) investing		activities
Change in cash and cash equivalents	in the reporting		period		55,291	4,006
Cash and cash equivalents at the beginning of the
reporting period				15	109,310	105,304
Cash and cash equivalents at the end	ofthe reporting
period				15	164,601	109,310

			2021	2020
			f	f
Total resources expended	include	the following:-
Amounts due to the Independent		Examiner	1,440	1,440
Depreciation			21,640	20,167

			00 0 lO0 e 0 lO rn cC	8 O	z E00	(0C0 Ih w Cl P 0 0- lnf	(0C0 Ih w Cl P 0 0- lnf	cg 0 0 E 0 E f		0 0	lO 0 I Mo	Ill 0I- M CI
Costs directly allocated to		activities
Staff Costs			Direct					26,165			26,165	24,553
Building/Premises	Costs		Direct					13,061			13,061
Communications			Direct					15,749			15,749	482
Office Supplies &	Consumables		Direct					355			355
Professional &Consultancy		fees	Direct					2,725			2,725
Event Costs			Direct					3,051			3,051	281
Equipment &Repairs			Direct					1,928			1,928	633
Accountancy fees			Direct							1,440	1,440	1,471
General Supplies			Direct		75			618	97			2,843
Grants Awarded			Direct					6,030			6,030	6,511
Support costs allocated to		activities
Support Staff Costs			Staff time	8,538	3,842			73,498	10,841	7,439	104,922	93,806
Building/Premises	Costs		Floor Area	10,895	6,689			9,474	6,211		33,269	24,754
Communications			Staff time	543	226		18	1,784	733	317	3,621	4,014
Office Supplies &Consumables			Staff time		153		12	1,207	497	215	2,452	1,130
insurance			Floor Area	1,033				898	589		3,154	3,310
Bank charges			Staff time	22				71	29	13	145	367
Professional &Consultancy		fees	Staff time
Equipment			Staff time								22	1,430
Depreciation			Floor Area		497			19,873	461		21,640	20,167
				22)211	12p126	795		176)498	19p462	9~426	240J518	186p962
				a	b	c		d	d	e

5. STAFF COSTS	2021	2020
	f	f
Wages and salaries	124,261	109,240
Social security costs	2,677	3,147
Pension costs	3,655	3,263
Otherstaffexpenses	495	2,458
Freelance staff costs		251
	131,088	118,859


Charitable	Activities	10	10
Co - ordination		1	1
		11	11

			c
			Ol E P~ ol E 0 E CQ f	Ol ~	Cl	4) E f	c g) E '~	Ih c	~ E a 0 o o E v)	0 If
Cost:
At 1March 2020		202,768	934,919			36,108			18,832	1,192,627
Additions			19,608			9,786				29,394
At 28 February 2021		202,768	954,527			45,894			18,832	1,222,021
Depreciation:
At1March 2020			280,491			36,108			18,832	335,431
Transfer between categories
Charge forthe period			20,006			1,634			0	21,640
At 28 February 2021		0	300,497			37,742		18,832		357,071
Net BookValues:
At 28 February 2021		202,768	654,030			8,152			0	864,950
At 28 February 2020		202,768	654,428				0		0	857,196
Depreciation rates: (all straight	line)	0%		2%		30%			20%
8. CREDITORS - AMOUNTS	FALLING DUE WITHIN ONE		YEAR
								2021		2020
									f	f
Trade creditors									1,911	4,145
Tax and social security costs									1,589	1,517
Other creditors									1,197	40
Accruals								7,656		1,440
Deferred income (arising during	the year)							3,166		2,245
								15,519		9,387

9. RESTRICTED FUNDS	9. RESTRICTED FUNDS	9. RESTRICTED FUNDS	9. RESTRICTED FUNDS	9. RESTRICTED FUNDS					Transfer
								Balance	between	Incoming	Expended	Balance
								2020	funds	resources	resources	2021
								f		f	f	f
Property purchase								434,227			7,691	426,536
Property refurbishment:
- MKCT, ground floor		improvements				and Uft		135,164			3,466	131,698
-GOWM, EROF-ground floor improvements								71,926			1,844	70,082
-Tudor Trust, ground		floor	and Uft					78,000			2,000	76,000
-Lift Installation								4,680			120	4,560
-Capacity Builders	OB/09, first floor					improvements		19,823			508	19,315
-Capadty Builders	09/10, first floor					improvements		23,352			599	22,753
Post Office Enterprise		pro]ect						422			422
Litterbusters								163		231	163	231
Plastic Free Moseley and Kings Heath								649				649
6106-Promoflonal	and Marketing				Campaign			7,889			7,074	815
6106-Public Realm	Improvement			(Farmers'			Market)	3,102				3,102
Community Safety Initiative			(MAGC MNQW)					1,149		3,000	1,543	2,606
MAGC grants								8,555		6,554	6,866	8,243
Local Innovation Fund		- Moseley		&	KH Placemakers			4			4	0
Al Khair MAGC grant pot								80			80
Transformation and Growth								11,469			9,356	2113
BCCPioneer Places										2,000	1,078	922
Crisis										3,368	3,368
Moseley Together										617	617
NLCF										87,561	62,627	24,934
NN5										29,660	27,553	2,107
Power to Change										25,000	20,433	4,567
Heart of England										1,500	1,185	315
WMCA										520	327	193
Xmas Ughts Fund										4,190	3,325	865
								800,654		164,201	162,249	802,606

. UNRESTRI	TED	UNDS						General fund
								f
as at 1March 2020								175,687
Transfer between	funds
Net incoming resources								42,911
as at 28 February	2021							218,598
11. RELATED PARTY TRANSACTIONS
Fiona Adams, a Trustee		of Moseley	Community	Development	Trust,	also	sits on the board	of a donor
organisation.
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
					Other
			Fixed	Bank &	current		Current	Total net
			assets	cash	assets		liabilities	assets
			f	f	f		f	f
Restricted funds			750,944	51,662				802,606
Unrestricted funds			114,005	112,941		7,170	(15,519)	218,598
			864,950	164,603		7,170	(15,519)	1,021,204

14. DETAILED INCOM	E	AND EXPENDITURE ACCOUNT
			2021	2020
			E	E
INCOME
Rental income &.room hire			55,739	88,854
Fundraising
Donations			13,559	18,948
Bank interest receivable
Grants receivable			192,273	33,701
Professional services			784	1317
Exchange membership			23,026	51,018
			285,381	193,837
EXPENDITURE
Salaries &freelance costs			124,261	109,491
Social security costs			2,677	3,147
Pension costs			3,655	3,263
Repairs and maintenance			22,398	8,625
Heat &light			19,604	6,160
Rent, rates & insurance			6,246	12,307
Travel &accommodation			76	232
Printing, postage & consumables			4,208	508
Equipment expensed			2171	2,483
Professional &consultancy		charges	2,725	900
Telephone &internet			4,227	4,250
Training &recruitment	costs		570	2,227
Bank &credit card charges			145	367
Audit & accountancy			1,440	1,471
Sundry expenditure			3,669	2,058
Security			180	599
AGM &annual report costs
Community events			1,696	281
Grants awarded			6,030	6,511
Depreciation			21,640	20,167
Room hire supplies			75	740
Exchange refreshments			102	724
Websites &publicity			12,874	454
			240,518	186,963
Net surplus/ (deficit) forthe period			44,863	6,875

16. Notes to the statement	ofcash	flows
			2021	2020
			f	f
Reconciliation ofnet movement	in funds	to net cash flow from operating	activities:
Net movement in funds for the	reporting	period (as per the statement	44,863	6,876
offinancial activities)
Adjustments for:
Depreciation charges			21,640	20,166
Dividends, interest and rents from investments				0
Loss/(profit) on the sale offixed	assets
(increase)/decrease in debtors			12,051	(17,069)
(Increase)/decrease in creditors			6,132	(5,967)
Net cash provided by (used in)	operating	activities	84,686	4,006
Analysis ofcash and cash equivalents:			2021 f	2020 f
Cash in hand			164,603	109,310
Notice deposits (less than 30days)
Overdraft facility payable on demand
Total cash and cash equivalents			164,603	109,310