| For the period: I"April 2020 to 31"March | 2021 | |
|---|---|---|
| Contents: | Pages: | |
| Directors Annual Report |
||
| Reference and Administrative Details |
2-3 | |
| Structure Governance and Management |
||
| Objectives and Activities | ||
| Achievements and Performance |
6-7 | |
| Financial Review | 7-9 | |
| Exemption from Disclosure |
||
| Funds held as Custodian Trustee |
||
| Other Information | 9-11 | |
| Statement ofRoles and Responsibilities | 12 | |
| Independent Auditor's Report |
13-15 | |
| Statement ofFinancial Activities | 16 | |
| Incorporating an Income and Expenditure |
Account | |
| Balance Sheet | 17 | |
| Notes to the Financial Statements |
18-25 |
| Notes | Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Incoming Resources |
Funds | Funds | 2019-20 | |||||
| Grants | 8907 | 98080 | 106987 | 97179 | ||||
| Donations | 969 | 969 | 1944 | |||||
| Job Retention Scheme |
20580 | 10779 | 31359 | 1500 | ||||
| Room/Hall Hire Fees |
52030 | 52030 | 120484 | |||||
| Other Trading Activities: |
||||||||
| Coffee Bar, Catering | and Lunches | 509 | 509 | 15054 | ||||
| Donated Goods for | Resale | 154 | 154 | 4977 | ||||
| Other Fundraising | 250 | |||||||
| Interest Income | 85 | 72 | 157 | 549 | ||||
| NLC Course Fees and | Equipment | Hire | 1158 | 1158 | 8064 | |||
| Sundry Income |
524 | 3 | 527 | 768 | ||||
| Total Incoming Resources | 83758 | 110092 | 193850 | 250769 | ||||
| Resources Expended | ||||||||
| Salaries | 68058 | 66695 | 134753 | 149600 | ||||
| Employer National Insurance |
1827 | 2665 | 4492 | 6730 | ||||
| Pension Contributions |
3946 | 3844 | 7790 | 8414 | ||||
| Land &Buildings Maintenance |
8 Repairs | 12 | 10912 | 10912 | 12258 | |||
| Gas, Electricity 8 Water | 7824 | 7824 | 10157 | |||||
| Insurance | 5214 | 5214 | 4827 | |||||
| Coffee Bar &Catering | Supplies | 300 | 300 | 2552 | ||||
| NLC Equipment &Software Costs |
3839 | 3839 | 3639 | |||||
| NLC Tutor Fees &Course Costs | 6641 | 6641 | 28537 | |||||
| Matrix Qualification | 1680 | |||||||
| Staff &Volunteers' Expenses |
410 | |||||||
| Administrative 8 Office |
Costs | 6730 | 6730 | 8468 | ||||
| Outsourcing | 2648 | 2648 | 10066 | |||||
| Telephone &Internet |
1909 | 903 | 2812 | 3054 | ||||
| Bank Charges | 13 | 97 | 97 | 102 | ||||
| Audit Fee | 13 | 1500 | 1500 | 1500 | ||||
| Fundraising Costs |
||||||||
| Promotional Expenses |
631 | |||||||
| Sundry Expenses | ||||||||
| Training | 480 | |||||||
| Bad Debts | ||||||||
| Business Rates | 1003 | 1003 | 988 | |||||
| Advertising | 270 | |||||||
| Depreciation &Amortization |
15 | 3315 | 18602 | 21917 | 24710 | |||
| Total Resources Expended | 115283 | 103189 | 218472 | 279073 | ||||
| Net Incoming Resources Before |
Transfers | -31525 | 6903 | -24622 | -28304 | |||
| Transfers | 14 | 9800 | -9800 | 3769 | ||||
| Net Movement in Funds |
-21725 | -2897 | -24622 | -24535 | ||||
| Total Funds Brought Forward 1st April | ||||||||
| 2019 | 153535 | 824535 | 978070 | |||||
| Total Funds Carried Forward | 31st March 2020 | 131810 | 821638 | 953448 | ||||
| All gains and loses recognised | in the year are | included above. The notes | on pages 18-25 | form | ||||
| part ofthese financial statements. |
| Earley CR | esC | ent Community A |
ssociation | ssociation | ||
|---|---|---|---|---|---|---|
| BALANCE SHEET AS | AT 31STMARCH 2021 | |||||
| 2021 | 2021 | 2020 | 2020 | |||
| Notes | ||||||
| Fixed Assets | ||||||
| 15 | 704152 | 726068 | ||||
| Current Assets | ||||||
| Debtors | 16 | 19124 | 19262 | |||
| Cash in Hand | 139 | 207 | ||||
| Bank Deposits | 267186 | 275496 | ||||
| Total Current Assets | 286449 | 294965 | ||||
| Less Current Liabilities |
||||||
| Creditors - amounts | falling | due | ||||
| within | ||||||
| one year | 17 | 13917 | 23894 | |||
| Provisions for liabilities | 18 | 23236 | 19069 | |||
| Total Current Liabilities |
37153 | 42963 | ||||
| Net Current Assets | 249296 | 252002 | ||||
| Total Net Assets | 953448 | 9780JO | ||||
| The Funds ofthe Charity | 20 | |||||
| Unrestricted Funds |
131810 | 153535 | ||||
| Restricted Funds |
821638 | 824535 | ||||
| Total Charity Funds | 953448 | 978070 |
| As at | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Financial | Measurement | of Initial | Measurement | ofcarrying | 31/3/21 | ||||
| Instrument | Reco nition | amount | Refer to | ||||||
| Cash | |||||||||
| Cash | Cash held | held | Balance | ||||||
| Sheet | |||||||||
| Unpaid | Invoiced | amounts | |||||||
| Debtors | Invoiced Amounts | less | Note 17 | ||||||
| an doubtful |
debts. | ||||||||
| Refer to "Liability | |||||||||
| Creditors | Recognition" | Unpaid | amounts | Note 18 | |||||
| on | revious | a e. | |||||||
| Bank | Cash amount | of deposits | Cash amount of | deposits | Balance | ||||
| Deposits | Sheet |
| Grants Received | |||||||
|---|---|---|---|---|---|---|---|
| Grants have been | received or accrued | from the following | organizations | or | |||
| individuals:- | 2020/21 | 2019/20 | |||||
| Crescent Resource Centre | |||||||
| Earley Charity | 37080 | 37012 | Performance | Related | |||
| Local Restrictions | Support | 8907 | |||||
| Nei hbourhood Learnin |
Centre | ||||||
| ~EI Ch |
61000 | 60167 | Performance | Related | |||
| Total | 100001 | 97179 |
| Donations | 2020/21 | 2019/20 | |
|---|---|---|---|
| Membership | Subscriptions | 690 | 907 |
| Asda | 500 | ||
| Other donations | 279 | 537 | |
| 969 | 1944 |
| Other Trading Activities | 2020/21 | 2019/20 | |||
| "Crescent Moon" Coffee bar | Caterin | and Lunches | |||
| Gross Income | 509 | 15054 | |||
| Purchase ofStock | 300 | 2552 | |||
| Surplus | 209 | 12002 | |||
| Due to the small amount of stock held and frequent | turnover, | the carrying | value of stock | ||
| is not recognised in the Balance Sheet. |
|||||
| Donated Goods for Resale | 2020/21 | 2019/20 | |||
| Relating to the Crescent Resource Centre | 154 | 4977 |
| Name of Director | Relates To | Description ofInterest |
|---|---|---|
| Robert Ames | Self | Trustee of Earley Charity |
| Robert Ames | Self | Trustee of EarleyBus |
| Philip Hooper | Self | Trustee of Earley Charity |
| Anthony Henty |
Self | Treasurer of EarleyBus |
| Cindy Thompson | Self | Secretary ofACE |
| Charges for Maintenance | and Repairs: | 2020/21 | 2019/20 |
|---|---|---|---|
| Actual Expenditure | 4762 | 6108 | |
| Transfer to Provision (See Note 19) | 6150 | 6150 | |
| Total Charge | 10912 | 12258 | |
| Audit and Other Financial Service Fees | |||
| 2020/21 | 2019/20 | ||
| Non-Statutory Audit Fee |
1500 | 1500 | |
| Bank Charges | 97 | 102 | |
| 1597 | 1602 |
| The following transfers |
were made. | 2020/21 | 2020/21 | 2019/20 | 2019/20 | ||
|---|---|---|---|---|---|---|---|
| Unrest'd | Restricted | Unrest'd | Restricted | ||||
| Assets bought through |
Provision for Land | ||||||
| and Buildings Mtee and Repair |
0 | 0 | 3769 | 0 | |||
| Transfer from Restricted | to Unrestricted | ||||||
| Funds as agreed by Earley Charity |
9800 | -9800 | |||||
| 9800 | -9800 | 3769 | |||||
| 15 | Tangible Fixed Assets | 2020/21 | |||||
| Buildings | Fixtures | Total | |||||
| Fittings & | |||||||
| Equipment | |||||||
| AT COST | E | 6 | |||||
| As at 1st April 2020 | 1000189 | 120891 | 1121080 | ||||
| Additions during |
|||||||
| year | 0 | 0 | |||||
| Disposals during year |
-3979 | -3979 | |||||
| As at 31st March 2021 | 1000189 | 116912 | 1117101 | ||||
| DEPRECIATION/AMORTISATION | |||||||
| As at 1st April 2020 | 291978 | 103034 | 395012 | ||||
| Charge for the Year | 18347 | 3589 | 21916 | ||||
| Arising on Disposals during |
|||||||
| year | -3979 | -3979 | |||||
| As at31st March 2021 | 310325 | 102624 | 412949 | ||||
| NET BOOK VALUE | |||||||
| As at 1st April 2020 | 708211 | 17857 | 726088 | ||||
| As at 31st March 2021 | 689864 | 14288 | 704152 | ||||
| Debtors | 31/03/2021 | 31/03/2020 | |||||
| All debtors fall due within | one year. | ||||||
| Trade Debtors | 5508 | 8474 | |||||
| Prepaid Expenses | 8532 | 9288 | |||||
| Accrued Income | 5084 | 1500 | |||||
| Total Debtors | 19124 | 19262 | |||||
| 17 | Creditors | ||||||
| All creditors fall due within one year. |
31/03/2021 | 31/03/2020 | |||||
| Taxation, Social Security | & Student | Loan | 0 | 0 | |||
| Trade Creditors | 954 | 2288 | |||||
| Grants in Advance |
8856 | 19574 | |||||
| Course Fees in Advance | 484 | 0 | |||||
| Accrued Expenses | 3623 | 2032 | |||||
| Total Creditors | 13917 | 23894 |
| t4et Fund Ba | lan | ce | s as at: | 31/03/2021 | 31/03/2020 |
| Unrestricted | |||||
| General | 108575 | 130301 | |||
| Projects | 23235 | 23234 | |||
| Total Unrestricted | Funds | 131810 | 153535 | ||
| Restricted | |||||
| Buildings | 689864 | 708211 | |||
| Neighborhood | Learning | ||||
| Centre | 129686 | 114757 | |||
| Centre | 1863 | 1141 | |||
| Fixtures Fittings | &Equipment | 225 | 426 | ||
| Total Restricted | Funds | 821638 | 824535 | ||
| Total Funds | 953448 | 978070 |
| Unrestricted | Unrestricted | Funds | Restricted | Funds | Total | |||
|---|---|---|---|---|---|---|---|---|
| General | Projects | Buildings | NLC | Centre | FF&E | |||
| Brought Forward | 130300 | 23235 | 708211 | 114757 | 1141 | 426 | 978070 | |
| April 1 2020 |
||||||||
| Incoming | 93558 | 0 | 73012 | 37081 | 0 | 203651 | ||
| Resources | ||||||||
| Resources | 115283 | 0 | 18347 | 58083 | 36359 | 201 | 228273 | |
| Expended | ||||||||
| Carried Forward | 108575 | 23235 | 689864 | 129686 | 1863 | 225 | 953448 | |
| March 312021 | ||||||||
| ANALYSIS | OF NET ASSETS ATTRIBUTED TO FUNDS | |||||||
| Unrestricted | ||||||||
| Funds | Restricted | Funds | Total | |||||
| General | Projects | Buildings | NLC | Centre | FF&E | |||
| Fixed Assets | 13698 | 689864 | 383 | 0 | 207 | 704152 | ||
| Debtors | 12355 | 0 | 6769 | 0 | 0 | 19124 | ||
| Cash and Bank | 119190 | 23235 | 0 | 123018 | 1863 | 18 | 267324 | |
| Creditors | 13433 | 484 | 0 | 0 | 13917 | |||
| Provision | 23235 | 0 | 0 | 0 | 23235 | |||
| 108575 | 23235 | 689864 | 129686 | 1863 | 225 | 953448 |