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2021-03-31-accounts

Company registration number: 03900665 Charity registration number: 1089619

The Tin Hat Centre

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2021

Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

The Tin Hat Centre

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6 to 7
Balance Sheet 8
Notes to the Financial Statements 9 to 19

The Tin Hat Centre

Reference and Administrative Details

Trustees

Senior Management Team Principal Office

Company Registration Number Charity Registration Number

Barry Harper, Chair Shirley Hawkins, Vice Chair Cindy Rossiter The Hon. Joan Taylor Angela Elizabeth Peppard Matthew Pike, Treasurer John Evans Paulette Sturman, Centre Manager

Matthew Holland Complex Chapel Road Selston Nottinghamshire NG16 6BW 03900665

1089619

Independent Examiner

John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Page 1

The Tin Hat Centre

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2021.

Trustees

Barry Harper, Chair

Shirley Hawkins, Vice Chair

Enid Estelle Liley (resigned 27 January 2021)

Cindy Rossiter

The Hon. Joan Taylor

Angela Elizabeth Peppard Matthew Pike, Treasurer John Evans (appointed 7 April 2021)

Structure, governance and management

Nature of governing document

The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 22 December 1999, as amended by special resolution on 16 May 2001, 28 October 2001 and 16 October 2006. It has no share capital and the liability of each member in the event of winding-up is limited to £1.

Recruitment and appointment of trustees

Vacant positions are advertised on the Tin Hat Centre website, in local community centres, libraries, social media and at Ashfield Voluntary Action. All applications are presented at a Trustee Meeting and applicants undergo an informal interview prior to a decision being made.

Objectives and activities

Objects and aims

To provide the Parish of Selston and wider community with an accessible multi-purpose facility focusing on education, training and community resources.

Public benefit

Room hire; Community Group Support; Volunteering opportunities; Community café; Adult education; Befriending; Lunch clubs; Job search; CV writing; Family workshops; Fundraising; Community Library. These activities increase skills and confidence, reduce isolation, enhance physical and emotional well-being and promote good mental health.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

The Tin Hat Centre Trustee5' Report Achievement$ and p¢rforni#ntt We adapted to Covid-19 restrictions so we could tsperate in all titrs and lockdowil albeit at a reduced l¢vel. The community café adapted to piovide a t#k¢away service including the offer of takeaw8yldeliver¢d befricnding meal5. Flower arrangin& oil painting. Crafts, creative writing. french, knilling and calligraphy were delivered interniitiently throughout the year when allowed. The Community library continued to be sllpported by vtslunt¢ers and a click and collect serwiee was implemented. We wish to thank our funders. voluntcers and the community for supporting ihe work we caTry Out to reduce loneliness. isolation and incr¢a5e wellness and skills. Finantial review Our financial position remains stable due to support from funders and by diversificatiot) and expansion of activities by the ¢enire in order io maintain provision to the commut)ity,' with a view fot a long-iemi Strategy to support the ¢ommunity as it transitions out of ihe pand¢mi¢. Poliry reserves The Trustees have established a Yeseryes p)lity to ensurc that adequate funding be kept in res¢Jve in the event that the project ¢eases due to lack of fundin& committee restgnaiion or other ¢ir¢umsian¢es. The level of reserves will be monitorcd regularly and reviewed annually by lh¢ Management Committee. Th¢ charity now has resetves to cover three months njnning ¢osis. Princip￿1 ris*s t¥nd tsncerfqihiiTes Financial risks Terniination of l¢ases; Resignation of siaff. Resignation of Tn￿le¢s. Loss of funding. Page 3

The Tin Hat Centre Trustees, Report St#ternent of Tru5tees' Responsibilities The irustees (who are also the directors of The Tin Hat Centre for th¢ purposes of Company law} are responstble for preparing the tN5tees' report and the finan¢tal sraiements in a¢¢ordan¢e wih the United Kingdom Accounting Standards {Uniied Kingdom Generally Accepied Accounting Practice) and applEcable law and regulations. Company law requires the trustees to prepare financial statemenis for ea¢h fJnan¢ial year. Under company law Ihe trustees must not approve the financial ststements unless they are saiisfied ihai ihey give a true and fair view of lh¢ state of affairs of the chariiable company and of 11$ ill¢oming r¢sourres and application of resources, including its income and expenditure, for that period. In preparing th¢s¢ financial 5tal¢m¢nts, the trustees are required to.. s¢l¢ct slliiable ac¢ouniing policies and apply them consistently.. observe the method5 and principles in the Charities SORP; make judgements and esiimates ihat are reasonable aTtd prudent.. state whether applicable UK Accounttng Standards have beet) followed, subje¢t to any material departures disclosed and explained in the flnancial statements., and prepare the financial statements oj) Ihc going concern basis unles5 it is inappropriate to presume ¢h* the charitable company will ¢ontinue in busin¢s5. The tTU5tees are responsible for keeping adequate accounting records ihai are sufficient to Show and explain the charitable company's trdnsactions and diselose wilh reasonable a¢¢ura¢y at any time the financial position of the haritabl¢ company and enable them to ensur¢ ihai the fJnan¢ial ststem¢nt5 comply with the Companies Aci 2006. They are also responsable for safeguarding the assets of the ¢haritabl¢ ctsmpany and hence for takins reasonabl¢ steps for the prevention 2nd dete¢iion of fraud and other irr¢gularitle5. Small eompanies provision statement This report has been prepared in accordance with the Sm￿1 eomponies regim¢ under ihe CompaThies Act 2006. Bary Hajper Trustee Page 4

The Tin Hat Centre

Independent Examiner's Report to the trustees of The Tin Hat Centre

Independent examiner’s report to the trustees of The Tin Hat Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 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)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... Bi John O'Brien MSc, FCCA, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners

Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

01/06/2021 Date:.............................

Page 5

The Tin Hat Centre

Statement of Financial Activities for the Year Ended 31 March 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
5
Investment income
6
Total Income
Expenditure on:
Charitable activities
7
Total Expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
21		 Unrestricted
funds
£
70,175
48,010
6,475
29
124,689
(70,131)
(70,131)
54,558
(1,143)
53,415
68,440
121,855		 Restricted
funds
£
-
19,277
-
-
19,277
(59,538)
(59,538)
(40,261)
1,143
(39,118)
947,957
908,839		 Total
2021
£
70,175
67,287
6,475
29
143,966
(129,669)
(129,669)
14,297
-
14,297
1,016,397
1,030,694		 Total
2020
£
553
100,995
33,915
-
135,463
(151,685)
(151,685)
(16,222)
-
(16,222)
1,032,619
1,016,397

All of the charity's activities derive from continuing operations during the above two periods.

The funds breakdown for the period is shown in note 21.

Page 6

The Tin Hat Cenlre Statement of Finaneial Activities for the Year Ended 31 March 2021 {ID¢luding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Tb¢s¢ are tbe figures for the previous accounting period and *re im¢luded for comparative purposes UnTe5tricted funds Restricted fund5 Total 21120 Note Income #nd Endowments fTOm: Donations and legacies Charitable aetivtties Othw trading a¢tiviiies 553 53.715 33.915 553 100.995 33.915 47.280 Total income 88.183 47,280 135,463 Expenditure on: Charitable activities 179,4171 (72.268) {151,685) Total ¢xpendilllr¢ 179.4171 172,2681 Net incomel(expenditure} 8.766 {24,9881 116,222} Nei mtsvement in funds 8,766 (24,9881 116,2221 Reeoneiliation of funds Total fund5 brouglil fonvard 59,674 972,945 1.032.619 Toial ￿tsd$ Carried forward 21 68,440 947.957 1.016.397 Page 7

The Tin H4t Centre (Registration number: 03900665) Balance Sheet as at 31 March 2021 2021 2020 Note Fixed s8ets Tangible asset5 13 903,291 929.207 Current asstts D¢biors Cash at bank and in hand 14 1.589 141,923 1.253 143,512 103,164 Creditors: Amounts falling due within One yeAr 16 116,1091 115,974} Net eurrent assets 127,403 87,190 Net assets 1.030,094 1,016,397 Fund$ of the ¢hrity: Restricted incorne funds Restricted funds 21 908.839 947.957 Unrt$trÈcted incorne funds Unr¢stri¢ied funds 121.855 68.440 TotAI funds 21 1.030.694 1,016.397 For the financial year ending 31 Mar¢h 2021 ihe ¢haTity was eniiiled io exemption from audit UTLder section 477 of the Compani¢s A¢t 2006 relaiing io small Companies. Diredors, responsibilLties= The members have noi required (he charity 10 obiain an audi¢ of its a¢¢ounts ftsr the year in question in accordan¢¢ with s¢clion 476; and The directors acknowlcdg¢ theLT respon5ibilit1¢5 for complying with the ￿qUireMents of the Act with respect to accounting records and th¢ preparation of accounts. Th¢5¢ *rount5 hav¢ be￿ prePa￿d in accordance with the pmvision5 applicable to companies subjeet to the small companies regime. The firt ¢ial stat¢m¢nts on page5 6 to 19 were approved by the trustees, and authori5cd for issue on Zl and signed tsn their behalf by.. Matthew Pike Truste¢ Pa8e 8

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2021

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

The Tin Hat Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Exemption from preparing a cash flow statement

The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 9

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2021

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Land & buildings 1% straight line
General equipment 20% straight line
IT equipment 33.3 % straight line
Building improvements 10% straight line
Fixtures & fittings 25% straight line

Page 10

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2021

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.

Page 11

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2021

2 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants		 Unrestricted
funds
General
£
514
69,661
70,175		 Total
2021
£
514
69,661
70,175		 Total
2020
£
553
-
553

3 Income from charitable activities

Grants & donations
Rent & services
Workshop income
Insurance claim		 Unrestricted
funds
General
£
-
45,756
-
2,254
48,010		 Restricted
funds
£
19,277
-
-
-
19,277		 Total
2021
£
19,277
45,756
-
2,254
67,287		 Total
2020
£
47,280
53,284
431
-
100,995

4 Grants & donations

Ashfield District Council
National Lottery Community Fund
Co-op Community Foundation
Nottinghamshire County Council
Veolia
Active Partners Trust
HMRC JRS
Sundry donations		 Unrestricted
funds
£
48,000
-
-
-
-
-
21,661
514
70,175		 Restricted
funds
£
580
11,025
1,393
5,124
255
900
-
-
19,277		 Total
£
48,580
11,025
1,393
5,124
255
900
21,661
514
89,452

Page 12

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2021

5 Income from other trading activities

Trading income;
Sales of goods and services
Local fundraising
6
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
General
£
6,070
405
6,475
Unrestricted
funds
General
£
29		 Total
2021
£
6,070
405
6,475
Total
2021
£
29		 Total
2020
£
31,724
2,191
33,915
Total
2020
£
-

Page 13

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2021

7 Expenditure on charitable activities

Bank charges
Buffet & refreshment provision
Café supplies
Cleaning & hygiene
Depreciation
Equipment
Insurance
Licenses & subscriptions
Office supplies
Printing & stationery
Professional fees
Publications & subscriptions
Repairs & maintenance
Room hire
Sundry expenses
Telephone, internet & postage
Training
Utilities
Workshop expenses
Wages, NI & pensions
Bad debts		 Unrestricted
funds
General
£
151
-
1,526
1,927
373
479
1,633
20
290
528
5,351
-
5,332
-
274
1,216
-
4,456
-
46,565
10
70,131		 Restricted
funds
£
-
200
2,279
242
27,037
743
-
-
-
-
60
-
-
-
26
180
135
4,153
-
24,483
-
59,538		 Total
2021
£
151
200
3,805
2,169
27,410
1,222
1,633
20
290
528
5,411
-
5,332
-
300
1,396
135
8,609
-
71,048
10
129,669		 Total
2020
£
289
580
10,156
2,471
27,036
2,425
2,632
20
204
667
5,936
13
4,759
100
401
1,395
143
14,307
483
77,546
122
151,685

8 Net incoming/outgoing resources

Net incoming/(outgoing) resources for the year include:

Depreciation of fixed assets

2021
£
27,410		 2020
£
27,036

9 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

Page 14

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2021

10 Fees payable to independent examiner

During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:

Independent examination
Other financial services		 2021
£
780
518
1,298		 2020
£
780
-
780

11 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Pension costs		 2021
£
69,620
1,428
71,048		 2020
£
75,735
1,811
77,546

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2021
No
8		 2020
No
8

3 (2020 - 5) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £1,428 (2020 - £1,811).

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £20,576 (2020 - £20,969).

12 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 15

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2021

13 Tangible fixed assets

Land and
buildings
£
General
equipment
£
IT
Equipment
£
Building
improvements
£
Cost
At 1 April 2020
1,073,700
161,447
11,685
10,000
Additions
-
-
-
-
At 31 March 2021
1,073,700
161,447
11,685
10,000
Depreciation
At 1 April 2020
182,529
132,865
10,231
2,000
Charge for the
year
10,737
13,846
1,454
1,000
At 31 March 2021
193,266
146,711
11,685
3,000
Net book value
At 31 March 2021
880,434
14,736
-
7,000
At 31 March 2020
891,171
28,582
1,454
8,000
14 Debtors
Trade debtors
Prepayments
Other debtors
15 Cash and cash equivalents
Cash on hand
Cash at bank
16 Creditors: amounts falling due within one year
Trade creditors
Accruals
Deferred income		 Land and
buildings
£
General
equipment
£
IT
Equipment
£
Building
improvements
£
Cost
At 1 April 2020
1,073,700
161,447
11,685
10,000
Additions
-
-
-
-
At 31 March 2021
1,073,700
161,447
11,685
10,000
Depreciation
At 1 April 2020
182,529
132,865
10,231
2,000
Charge for the
year
10,737
13,846
1,454
1,000
At 31 March 2021
193,266
146,711
11,685
3,000
Net book value
At 31 March 2021
880,434
14,736
-
7,000
At 31 March 2020
891,171
28,582
1,454
8,000
14 Debtors
Trade debtors
Prepayments
Other debtors
15 Cash and cash equivalents
Cash on hand
Cash at bank
16 Creditors: amounts falling due within one year
Trade creditors
Accruals
Deferred income		 Land and
buildings
£
General
equipment
£
IT
Equipment
£
Building
improvements
£
Cost
At 1 April 2020
1,073,700
161,447
11,685
10,000
Additions
-
-
-
-
At 31 March 2021
1,073,700
161,447
11,685
10,000
Depreciation
At 1 April 2020
182,529
132,865
10,231
2,000
Charge for the
year
10,737
13,846
1,454
1,000
At 31 March 2021
193,266
146,711
11,685
3,000
Net book value
At 31 March 2021
880,434
14,736
-
7,000
At 31 March 2020
891,171
28,582
1,454
8,000
14 Debtors
Trade debtors
Prepayments
Other debtors
15 Cash and cash equivalents
Cash on hand
Cash at bank
16 Creditors: amounts falling due within one year
Trade creditors
Accruals
Deferred income		 Fixtures &
fittings
£
-
1,494		 Total
£
1,256,832
1,494
1,258,326
327,625
27,410
355,035
903,291
929,207
2020
£
807
446
-
1,494
-
373
373
1,121
-
2021
£
-
547
1,042
1,589
2021
£
248
141,675
141,923
2021
£
-
1,749
14,360
16,109
1,253
2020
£
586
101,325
101,911
2020
£
6,623
2,268
7,083
15,974

Page 16

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2021

17 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Photocopier lease
Within one year
Between one and five years		 2021
£
238
-
238		 2020
£
476
238
714

18 Charity status

The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

19 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
-
137,964
(16,109)
121,855
Unrestricted
funds
General
£
-
84,414
(15,974)
68,440		 Restricted
funds
£
903,291
5,548
-
908,839
Restricted
funds
£
929,207
18,750
-
947,957		 2021
Total funds
£
903,291
143,512
(16,109)
1,030,694
2020
Total funds
£
929,207
103,164
(15,974)
1,016,397

20 Related party transactions

There were no related party transactions in the year.

Page 17

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2021

21 Funds

Unrestricted funds
General
General Fund
Restricted funds
Millenium Commission
Befriending
Reaching Communities
Tin Hat Knitting group
Reduce, Reuse, Recycle Fund
NCC Covid 19 fund
Co-op Community Fund
ADC Covid 19 fund
Cllr Divisional fund
Active Notts
Total restricted funds
Total funds		 Balance at 1
April 2020
£
68,440
929,207
1,226
17,456
68
-
-
-
-
-
-
947,957
1,016,397		 Incoming
resources
£
124,689
-
2,200
11,025
-
255
2,644
1,393
580
280
900
19,277
143,966		 Resources
expended
£
(70,131)
(27,037)
(1,761)
(28,491)
(26)
(267)
(301)
-
(580)
(200)
(875)
(59,538)
(129,669)		 Transfers
£
(1,143)
1,121
-
10
-
12
-
-
-
-
-
1,143
-		 Balance at
31 March
2021
£
121,855
903,291
1,665
-
42
-
2,343
1,393
-
80
25
908,839
1,030,694

The transfer from the General fund to the Millenium Commission represents the net book value of fixed assets. The transfer from the General fund to the Reaching Communities and Reduce, Reuse, Recycle funds is to cover the deficit on these activities.

The specific purposes for which the funds are to be applied are as follows:

The Millenium Commission on 20/01/03 created a legal charge over the leasehold land and buildings at Chapel Road and all fixed assets held by the company on the property now or in the future.

Befriending - to provide friendly social contact through a group befriending service to reduce feeling of loneliness and increase motivation and confidence.

Co-op Community Fund - to provide workshops.

Reaching Communities - Collective, Community, Cuisine 3 year project - to refurbish the café and install a training kitchen, promote healthy eating from birth, provide volunteering opportunities, food safety/cookery training and workshops plus build the strengths of the organisation.

Tin Hat Knitting group - to purchase wool for the knitting group to fundraise for the community. Reduce, Reuse, Recycling Fund - to purchase reusable cups for the café. ADC Covid 19 fund - to provide community support.

NCC Covid 19 fund - to provide and deliver 400 free meals to the vulnerable (takeaway containers). Active Notts - to provide sanitising stations, sanitising resources and Covid 19 signage.

Page 18

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2021

These are the figures for the previous accounting period
Balance at 1
April 2019
£
Unrestricted funds
General
General Fund
59,674
Restricted funds
Millenium Commission
956,243
Befriending
543
Co-op Community Fund
218
Reaching Communities
15,506
Tin Hat Knitting group
-
Reduce, Reuse, Recycle Fund
435
Meals for vulnerable (Notts
Community Foundation)
-
Tableware (Freemasons)
-
Community LED
-
National Vegetarian Week event
-
Room hire (NCC)
-
Total restricted funds
972,945
Total funds
1,032,619		 and are included
Incoming
resources
£
88,183
-
2,200
-
43,192
168
-
380
540
500
200
100
47,280
135,463		 for comparative purposes
Resources
expended
£
Balance at 31
March 2020
£
(79,417)
68,440
(27,036)
929,207
(1,517)
1,226
(218)
-
(41,242)
17,456
(100)
68
(435)
-
(380)
-
(540)
-
(500)
-
(200)
-
(100)
-
(72,268)
947,957
(151,685)
1,016,397		 for comparative purposes
Resources
expended
£
Balance at 31
March 2020
£
(79,417)
68,440
(27,036)
929,207
(1,517)
1,226
(218)
-
(41,242)
17,456
(100)
68
(435)
-
(380)
-
(540)
-
(500)
-
(200)
-
(100)
-
(72,268)
947,957
(151,685)
1,016,397
947,957
1,016,397

Page 19