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.
Princip1 ris*s t¥nd tsncerfqihiiTes
Financial risks
Terniination of l¢ases;
Resignation of siaff.
Resignation of Tnle¢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 Sm1 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 ¢h*rity:
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 prePad 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:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
## **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