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||PAGE|
|---|---|
|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|
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|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|
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||||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|
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|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|
|||2021||2020||
|---|---|---|---|---|---|
|Charitable|Activities||10||10|
|Co - ordination|||1||1|
||||11||11|
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|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|