## **Activities 115**
**Charity No. 1091223**
**Company No. 04104081**
**Trustees' Report and Unaudited Accounts**
**31 March 2021**
**Activities 115 Contents**
||Pages|
|---|---|
|AGM Chair's Report|3 to 5|
|Trustees' Annual Report|6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Summary Income and Expenditure Account|9|
|Balance Sheet|10|
|Statement of Cash flows|11|
|Notes to the Accounts|12 to 20|
|Detailed Statement of Financial Activities|21 to 23|
## **ACTIVITIES 115**
## **ANNUAL GENERAL MEETING 2020/ 2021**
## **1. CHAIRMAN’s REPORT**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial summary of the charity for the year ended 31 March 2021.
## 1.1 **OBJECTIVES AND ACTIVITIES**
**Objectives and aims** : The objects of the charity, as defined, by its Memorandum and Articles of Association, are to benefit the public through the provision of support to people with learning difficulties who are living in the community and to advance, promote and encourage education and learning opportunities. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning the future objectives.
**Objectives for the year** : This year's objectives, up to 31 March 2021, were to consolidate our financial position and re-focus the role of the charity to give grants and financial support to individuals and groups to meet the objectives stated above.
**Strategies to achieve the year’s objectives** : In-year, the charity had to review its operating processes, which were adversely affected by the covid pandemic, and had to suspend all face to face activities and cancel the proposal to open a hub/ café / community space on the ground floor at 115 Fore Street, Kingsbridge. We continued to work hard to control our costs, in particular, terminating all employment contracts and to appoint one part-time administrator on a self employed basis. Also, where possible we have maintained our level of free reserves to continue our commitment to meeting the needs of our revised business objectives and reduced operating costs. We have also changed both our Accountants and Investment Managers to local firms which have provided cost savings.
**Longer-term aims and objectives** : The charity has retained its Mission, which is to ‘Overcome Disability through Positive Activity’. The charity will, through providing funding opportunities, continue to advance, promote and encourage education and learning opportunities, providing advice, consultancy and assistance to people with learning difficulties.
## **1.2 STRATEGIC REPORT**
## **Achievement and performance** :
_Charitable activities_ : The focus of the company has been reset to be a grant giving charity to provide opportunities for activities to people in the Kingsbridge area with learning difficulties. Our existing policies, procedures, working practices and key performance indicators reflected the previous operation for direct delivery so these have continued to be reviewed to reflect the current focus on grant giving. Risk assessments and safe working arrangements have also continued to be reviewed to reflect the current focus.
The charity will continue to help people with learning difficulties and enrich their lives with the funds we have built up over the years. We will do our best to help people with learning difficulties undertake activities and integrate with the wider community so they can lead fulfilling lives.
## **Financial review** :
_Financial position_ : The income from charitable activities for the year was £12,511 (2020: £16,247).
At the end of the financial year reserves were £1,509,388 (2020: £1,421,405) with £11,140 (2020: £3,640 being restricted funds.
_Investment policy and objectives_ : The Trustees have considered the most appropriate policy for investing funds and has this year changed its Investment Portfolio Managers from Brown Shipley to Charles Stanley in Exeter. The trustees have considered the current focus of the charity and the need
Page 3
for drawings and risks in the short, medium and long term from its investment portfolio. It has instructed Charles Stanley to invest its surplus funds in a high risk, long term portfolio. The Trustees consider the return that they receive on their investments to be satisfactory.
_Reserves policy_ : The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity should be at £750,000.
_Going concern_ : The charity has prepared the accounts on the basis it is a going concern. The charity confirms there are no material uncertainties about its ability to continue (see risks and uncertainties below).
**Principal risks and uncertainties** : At the year end there was no potential claim against the charity. The charity had committed to CIAG funding to assist in the development of the hub / café. This project has been cancelled and CIAG have been advised but have not to date requested repayment of funds.
**Future plans** : We have terminated the employment contracts of the Finance Manager, Operations Manager and the Assistant. The charity will not employ any staff and will appoint a self employed adviser to provide administration support for circa 15 hours per month. The Trustees will consider all changes and opportunities, which may come about, and will take appropriate decisions in order to consider fulfilling its objectives in the future.
## 1.3 **STRUCTURE, GOVERNANCE AND MANAGEMENT**
**Governing document:** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
**Recruitment and appointment of new trustees:** The members shall carry out the election of the officers and committee members at the Annual General Meeting. Nominations shall be made in writing and delivered to the secretary. Each nomination must be proposed and seconded by a voting member of the Association and accompanied by the written consent of the nominee. New trustees are inducted into the workings of the charity during meetings held on a monthly basis. Training is reviewed on a regular basis and provided as deemed necessary.
**Organisational structure:** Full responsibility for the running of the Charity is vested in the trustees who by reason of the Incorporation of the Charity are also Directors of the Company. The Company is limited by guarantee and does not have share capital. The Memorandum of Association precludes the Trustees/Directors from receiving any remuneration or benefits.
**Decision making:** Trustees meet on a monthly basis, either in person or digitally, with an agenda. Any decisions are made at such meetings after lengthy discussions, a democratic vote takes place and decisions are recorded in minutes of the meeting.
## **1.4 STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees (who are also the directors of Activities 115 for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to company will continue in business.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that
Page 4
the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware
- ● the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Page 5
**Activities 115 Trustees Annual Report**
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 04104081**
## **Charity No. 1091223**
## **Registered Office**
15 Erme Court Leonards Road Ivybridge Devon PL21 0SZ
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
J.A. Buckley L.G. Buckley M.D.G. Dennis S.L. Dennis J.D. Stubbs
## **Accountants**
Ivybridge Accountants Ltd 15 Erme Court Leonards Road Ivybridge Devon PL21 0SZ
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
M.D.G. Dennis Trustee 28 January 2022
Page 6
**Activities 115 Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Activities 115**
I report to the charity trustees on my examination of the accounts of Activities 115 for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (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 charity 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements under 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
- the accounts have not been prepared in accordance with the Charities SORP (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.
Simon Jilks ACCA Ivybridge Accountants Ltd 15 Erme Court Leonards Road Ivybridge Devon PL21 0SZ 28 January 2022
Page 7
**Activities 115 Statement of Financial Activities**
## **for the year ended 31 March 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Raising funds
8
Charitable activities
9
Other
10
**Total**
Net gains/(losses) on
investments
**Net income/(expenditure)**
11
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
Losses on revaluation of
fixed assets
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
13,068
12,511
19,764
3,081|**Restricted**
**funds**
**2021**
**£**
11,175
-
-
-|**Total funds**
**2021**
**£**
24,243
12,511
19,764
3,081|**Total funds**
**2020**
**£**
4,980
16,247
22,554
-|
|---|---|---|---|---|
||48,424
7,066
1,768
88,044|11,175
-
3,675
-|59,599
7,066
5,443
88,044|43,781
10,015
17,383
107,899|
||96,878
128,937|3,675
-|100,553
128,937|135,297
(91,506)|
||80,483
-|7,500
-|87,983
-|(183,022)
-|
||80,483
(36,059)|7,500
-|87,983
(36,059)|(183,022)
-|
||44,424
1,417,765|7,500
3,640|51,924
1,421,405|(183,022)
1,604,427|
||1,462,189|11,140|1,473,329|1,421,405|
Page 8
**Activities 115 Summary Income and Expenditure Account**
## **for the year ended 31 March 2021**
|Income
Net gains/(losses) on investments
Interest and investment income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net income/(expenditure) before tax
for the year
**Net income /(expenditure )for the year**|**2021**
**£**
39,835
128,937
19,764
188,536
91,352
9,201
100,553
87,983
87,983|**2020**
**£**
21,227
(91,506)
22,554|
|---|---|---|
|||(47,725)|
|||125,537
9,760|
|||135,297|
|||(183,022)|
|||(183,022)|
Page 9
**Activities 115 Balance Sheet**
## **at 31 March 2021**
|**Company No.**
**04104081**
**Notes**
**2021**
**£**
**Fixed assets**
Tangible assets
13
530,735
Investments
14
812,314
1,343,049
**Current assets**
Debtors
15
2,988
Cash at bank and in hand
128,752
131,740
**Creditors:**Amount falling due within one year
16
(1,460)
**Net current assets**
130,280
**Total assets less current liabilities**
1,473,329
**Net assets excluding pension asset or liability**
1,473,329
**Total net assets**
1,473,329
**The funds of the charity**
**Restricted funds**
17
Restricted income funds
11,140
11,140
**Unrestricted funds**
17
General funds
1,498,248
1,498,248
**Reserves**
17
Revaluation reserve
(36,059)
(36,059)
**Total funds**
1,473,329|**2020**
**£**
575,995
629,453|
|---|---|
||1,205,448
4,907
222,343|
||227,250
(11,293)|
||215,957
1,421,405|
||1,421,405|
||1,421,405|
||3,640|
||3,640
1,417,765|
||1,417,765
-|
||-|
||1,421,405|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 28 January 2022
And signed on its behalf by:
M.D.G. Dennis Trustee
28 January 2022
Page 10
**Activities 115 Statement of Cash flows for the year ended 31 March 2021**
|**Cash flows from operating activities**
**Net income/(expenditure) per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Loss on disposal of tangible fixed assets
Dividends, interest and rents from investments
Other gains/losses
Decrease in trade and other receivables
Decrease in trade and other payables
**Net cash provided by/(used in) operating activities**
**Cash flows from investing activities**
Proceeds from sale of investments
Payments for investments
Dividends, interest and rents from investments
**Net cash (used in)/from investing activities**
**Net cash from financing activities**
**Net increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2021**
**£**
51,924
9,201
-
(22,845)
36,059
1,919
(9,833)
66,425
264,937
(318,861)
22,845
(31,079)
-
35,346
222,343
257,689
128,752
128,752|**2020**
**£**
(183,022)
7,933
1,827
(22,554)
-
5,732
(368)|
|---|---|---|
|||(190,452)|
|||176,979|
|||-
22,554|
|||183,116|
||||
|||-|
||||
|||(7,336)|
|||317,235|
|||309,899|
||||
|||222,343|
||||
|||222,343|
Page 11
**Activities 115 Notes to the Accounts**
## **for the year ended 31 March 2021**
- 1 **Accounting policies**
## **Basis of preparation**
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) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
- Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 12
**Activities 115 Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property 1% Straight line Fixtures and fittings 10% Reducing balance
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 13
**Activities 115 Notes to the Accounts**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 14
**Activities 115 Notes to the Accounts**
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
Charitable activities
Investments
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Fundraising
Donations|**Unrestricted**
**£**
11,678
1,390
13,068|**Unrestricted**
**funds**
**2020**
**£**
2,380
16,247
22,554
41,181
10,015
16,940
107,899
134,854
(91,506)
(185,179)
(185,179)
(185,179)
1,602,944
1,417,765
**Restricted**
**£**
-
11,175
11,175|**Restricted**
**funds**
**2020**
**£**
2,600
-
-
2,600
-
443
-
443
-
2,157
2,157
2,157
1,483
3,640
**Total**
**2021**
**£**
11,678
12,565
24,243|**Total funds**
**2020**
**£**
4,980
16,247
22,554|
|---|---|---|---|---|
|||||43,781
10,015
17,383
107,899|
|||||135,297
(91,506)|
|||||(183,022)|
|||||(183,022)|
|||||(183,022)
1,604,427|
|||||1,421,405|
|||||**Total**
**2020**
**£**
4,980
-|
|||||4,980|
Page 15
**Activities 115 Notes to the Accounts**
|5
**Income from charitable activities**
Supported living
Sports & Social income
6
**Income from investments**
Dividends & other interest on
investments
Deposit account interest
7
**Other income**
CJRS support grants
8
**Expenditure on raising funds**
_Investment management_
_costs_
Dividends & other interest on
investments
9
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Outreach
Sports & Social income
Counselling
_Governance costs_|**Unrestricted**
**£**
580
1,188
-
1,768|**Unrestricted**
**£**
12,098
413
12,511
**Unrestricted**
**£**
19,730
34
19,764
**Unrestricted**
**£**
3,081
3,081|**Total**
**2021**
**£**
12,098
413
12,511
**Total**
**2021**
**£**
19,730
34
19,764
**Total**
**2021**
**£**
3,081
3,081|**Total**
**2020**
**£**
9,630
6,617|
|---|---|---|---|---|
|||||16,247|
|||||**Total**
**2020**
**£**
22,494
60|
|||||22,554|
|||||**Total**
**2020**
**£**
-|
|||||-|
||||||
|||**Unrestricted**
**£**
7,066
7,066
**Restricted**
**£**
-
-
3,675
3,675|**Total**
**2021**
**£**
7,066
7,066
**Total**
**2021**
**£**
580
1,188
3,675
5,443|**Total**
**2020**
**£**
10,015|
|||||10,015|
|||||**Total**
**2020**
**£**
1,141
16,242
-|
|||||17,383|
Page 16
**Activities 115 Notes to the Accounts**
## 10 **Other expenditure**
|10|**Other expenditure**||||
|---|---|---|---|---|
|||**Unrestricted**|**Total**|**Total**|
||||**2021**|**2020**|
|||**£**|**£**|**£**|
||Employee costs|50,584|50,584|60,213|
||Motor and travel costs|412|412|4,217|
||Premises costs|4,485|4,485|11,426|
||Amortisation, depreciation,||||
||impairment, profit/loss on|9,201|9,201|9,760|
||disposal of fixed assets||||
||General administrative costs|21,887|21,887|21,383|
||Legal and professional costs|1,475|1,475|900|
|||88,044|88,044|107,899|
|11|**Net income/(expenditure) before transfers**||||
|||**2021**||**2020**|
||This is stated after charging:|**£**||**£**|
||Depreciation of owned fixed assets|9,201||7,933|
|12|**Staff costs**||||
||Salaries and wages|49,309||57,704|
||Social security costs|-||574|
||Pension costs|1,275||1,015|
|||50,584||59,293|
||No employee received emoluments in excess of £60,000.||||
||The average monthly number of full time equivalent employees during the year||was as follows:||
|||**2021**||**2020**|
|||**Number**||**Number**|
|||3||3|
|||3||3|
Page 17
**Activities 115 Notes to the Accounts**
## 13 **Tangible fixed assets**
|13|**Tangible fixed assets**||||
|---|---|---|---|---|
|||**Land and**
**buildings**|**Fixtures and**
**fittings**|**Total**|
|||**£**|**£**|**£**|
||**Cost or revaluation**||||
||At 1 April 2020|578,609|43,902|622,511|
||Revaluation|(36,059)|-|(36,059)|
||At 31 March 2021|542,550|43,902|586,452|
||**Depreciation and**||||
||**impairment**||||
||At 1 April 2020|36,764|9,752|46,516|
||Depreciation charge for the|5,786|3,415|9,201|
||year||||
||At 31 March 2021|42,550|13,167|55,717|
||**Net book values**||||
||At 31 March 2021|500,000|30,735|530,735|
||At 31 March 2020|541,845|34,150|575,995|
|14|**Investments**||||
||||**Other**||
||||**investments**||
||||**- Listed**|**Total**|
||||**£**|**£**|
||**Cost or revaluation**||||
||At 1 April 2020||629,453|629,453|
||Additions||318,861|318,861|
||Revaluation||128,937|128,937|
||Disposals||(264,937)|(264,937)|
||At 31 March 2021||812,314|812,314|
||**Net book values**||||
||At 31 March 2021||812,314|812,314|
||At 31 March 2020||629,453|629,453|
||**Freehold Investment Property**||||
||The freehold investment property was acquired on 18 April 2013. The property was revalued on|||31|
||January 2021 by Michael Dennis.||||
||The property value has been based on similar property in the area that has recently been sold.||||
15 **Debtors**
|Trade debtors
Other debtors
Prepayments and accrued income|**2021**
**£**
2,112
-
876
2,988|**2020**
**£**
2,223
1,187
1,497|
|---|---|---|
|||4,907|
Page 18
**Activities 115 Notes to the Accounts**
## 16 **Creditors:**
|16 **Creditors:**|||||
|---|---|---|---|---|
|amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income||**2021**
**£**
560
-
-
900
1,460||**2020**
**£**
8,968
1,231
195
899|
|||||11,293|
||||||
|17 **Movement in funds**
**Restricted funds:**
**Restricted income funds:**
Football donation monies
Basketball donation monies
Counselling
Hub / Café development
_Total_
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
Revaluation fund
_Total revaluation reserves_
**Total funds**|**At 1 April**
**2020**
1,040
2,600
-
-
3,640
1,417,765
-
-
1,421,405|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
-
-
4,482
6,693
11,175
177,361
(36,059)
(36,059)
152,477|**Resources**
**expended**
**£**
-
-
(3,675)
-
(3,675)
(96,878)
(100,553)|**At 31**
**March**
**2021**
**£**
1,040
2,600
807
6,693|
|||||11,140|
|||||1,498,248
(36,059)|
|||||(36,059)|
||||||
|||||1,473,329|
Purposes and restrictions in relation to the funds:
Revaluation reserves Represent the amount by which investments exceed their historical cost.
Restricted funds: Football donation monies Basketball donation monies Counselling Hub / Café development To be used for the repair of the Community Hub and Café
Page 19
**Activities 115 Notes to the Accounts**
## 18 **Analysis of net assets between funds**
|Fixed assets
Investments
Net current assets
19 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 April**
**2020**
**£**|**Unrestricted**
**funds**
**£**
530,735
812,314
130,280
1,473,329
**Cash flows**
**£**|**Total**
**£**
530,735
812,314
130,280|
|---|---|---|---|
||||1,473,329|
||||**At 31**
**March**
**2021**
**£**|
||222,343|(93,591)|128,752|
||222,343
222,343|(93,591)
(93,591)|128,752|
||||128,752|
|||||
|20 **Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable operating leases are as follows:
**2021**
**2021**
**Land and**
**buildings**
**Other**
**£**
**£**
Operating leases with expiry date:
**_Pension commitments_**
**2021**
**£**
The pension cost charge to the company
amounted to:
1,275
21 **Related party disclosures**
**_Controlling party_**||**2020**
**Land and**
**buildings**
**£**|**2020**
**Other**
**£**
**2020**
**£**
1,015|
|||||
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 20
**Activities 115 Detailed Statement of Financial Activities**
## **for the year ended 31 March 2021**
|**Income and endowments from:**
Donations and legacies
Fundraising
Donations
Charitable activities
Supported living
Sports & Social income
Investments
Dividends & other interest on
investments
Deposit account interest
Other
CJRS support grants
**Total income and endowments**
**Expenditure on:**
Investment management costs
Dividends & other interest on
investments
**Total of expenditure on raising**
**funds**
Charitable activities
Outreach
Sports & Social income
Counselling
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff recruitment
Staff training|**Unrestricted**
**funds**
**2021**
**£**
11,678
1,390
13,068
12,098
413
12,511
19,730
34
19,764
3,081
3,081
48,424
7,066
7,066
7,066
580
1,188
-
1,768
1,768
49,309
-
1,275
-
-
50,584|**Restricted**
**funds**
**2021**
**£**
-
11,175
11,175
-
-
-
-
-
-
-
-
11,175
-
-
-
-
-
3,675
3,675
3,675
-
-
-
-
-
-|**Total funds**
**2021**
**£**
11,678
12,565
24,243
12,098
413
12,511
19,730
34
19,764
3,081
3,081
59,599
7,066
7,066
7,066
580
1,188
3,675
5,443
5,443
49,309
-
1,275
-
-
50,584|**Total funds**
**2020**
**£**
4,980
-|
|---|---|---|---|---|
|||||4,980|
|||||9,630
6,617|
|||||16,247|
|||||22,494
60|
|||||22,554|
|||||-|
|||||-|
|||||43,781
10,015|
|||||10,015|
|||||10,015
1,141
16,242
-|
|||||17,383|
|||||17,383
57,704
574
1,015
430
490|
|||||60,213|
Page 21
## **Activities 115**
## **Detailed Statement of Financial Activities**
|Motor and travel costs
Travel and subsistence
Premises costs
Rates
Light, heat and power
Premises cleaning
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Fixtures and
fittings
Loss on disposal of tangible fixed
assets
Bad debts
Bank charges
Equipment repairs and
maintenance
General insurances
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income/(expenditure)**
**Net income/(expenditure) before**
**other gains/(losses)**
**Other recognised gains and losses**
Losses on revaluation of fixed
assets|412
412
333
1,956
1,636
560
4,485
5,786
3,415
-
7
117
1,992
5,263
5,805
186
8,517
31,088
180
720
575
1,475
88,044
96,878
128,937
80,483
80,483
(36,059)|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,675
-
7,500
7,500
-|412
412
333
1,956
1,636
560
4,485
5,786
3,415
-
7
117
1,992
5,263
5,805
186
8,517
31,088
180
720
575
1,475
88,044
100,553
128,937
87,983
87,983
(36,059)|4,217|
|---|---|---|---|---|
|||||4,217|
|||||394
2,918
3,240
4,874|
|||||11,426|
|||||5,786
2,147
1,827
(452)
176
-
5,603
4,612
1,013
10,431|
|||||31,143|
|||||180
720
-|
|||||900|
||||||
|||||107,899|
|||||135,297
(91,506)|
|||||(183,022)|
|||||(183,022)
-|
Page 22
**Activities 115 Detailed Statement of Financial Activities**
|**Activities 115**
**Detailed Statement of Financial Activities**|||||
|---|---|---|---|---|
|Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|-
44,424
1,417,765
1,462,189|-
7,500
3,640
11,140|-
51,924
1,421,405
1,473,329|-|
|||||(183,022)|
|||||1,604,427|
|||||1,421,405|
Page 23