2022-03-31-accounts - Earley Crescent Community Association

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Contents:		Pages:
Trustees Annual Report
Reference and Administrative Details		2-3
Structure Governance and Management
Objectives and Activities		5-6
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		2020/21
Grants				3		104,427	104,427	106,987
Donations				4	934		934	969
Job Retention Scheme				3	2,262	1,075	3,337	31,359
Restart Grant				3	8,000		8,000
Room/Hall Hire Fees				5	95,781		95,781	52,030
Other Trading Activities:				6
Coffee Bar, Catering		and
Lunches					3,401		3,401	509
Donated Goods for	Resale				1,718		1,718	154
Other Fundraising
Interest Income					21	18	39	157
NLC Course Fees and
Equipment Hire						8,529	8,529	1,158
Sundry Income					998		998	527
Total Incoming Resources					113,126	114,049	227 175	193,850
Resources Expended
Salaries					65,822	72,407	138,229	134,753
Employer National Insurance					2,218	2,894	5,112	4,492
Pension Contributions					3,946	4,005	7,951	7,790
Land & Buildings Maintenance			&
Repairs				12	10,164		5,291	10,912
Gas, Electricity &Water					10,513		10,513	7,824
Insurance					5,291		5,291	5,214
Coffee Bar &Catering	Supplies				1,106		1,106	300
NLC Equipment 8 Software
Costs						3,182	3,182	3,839
NLC Tutor Fees &Course Costs						19,616	19,616	6,641
Staff 8 Volunteers' Expenses					88		88
Administrative &Office		Costs			7,958	28

						7,986	6,730
Outsourcing			2,675			2,675	2,648
Telephone & Internet			2,033		839	2,872	2,812
Bank Charges		13	124			124	97
Audit Fee		13	1,500			1,500	1,500
Fundraising	Costs
Promotional	Expenses
Sundry Expenses
Training					418	418
Bad Debts
Business Rates			1,003			1,003	1,003
Advertising					410	419
Depreciation	&Amortisation	15	3,258		19,218	22,476	21,917
Total Resources Expended			117,715		123,017	240,732	218,472
Net Incoming Resources Before
Transfers			4,589	-	8,968	13,557	24,622
Transfers		14
Net Movement in Funds			4,589	-	8,968	13,557	24,622
Total Funds	Brought Forward 1st
April 2011			131,809		821,638	953,447
Total Funds	Carried Forward 31st
March 2022			127,220		812,670	939,890

residual value	of	each asse	t over i	ts expected life as follo	ws:-
					Rate of
				Over	Depreciation
Buildings				Period oflease
Car Park surface/drainage				20 years	5%
Furniture, Fittings		& Equipment		5or 10years	20% or' 10%
Grants Received
Grants have been		received	or accrued from the following		organisations		or
individuals:-				2021/22	2020/21
Crescent Resource Centre
						Performance
Earley Charity	Worker Grant			36077	37080	Related
Earley Charity	Building Grant			27684
Local Restrictions		Support			8907
Nei hbourhood	Learnin		entre
						Performance
~Ele sh tt				40666	61000	Related
Total				104427	106987

12	Land and Buildings Ma	Land and Buildings Ma	Land and Buildings Ma	intenance an	d Repairs
	Charges for Maintenance			and
	Repairs:				2021/22				2020/21
	Actual Expenditure					4014			4762
	Transfer to Provision (See Note
	19)					6150			6150
	Total Charge					10164			10912
	Audit and Other		Financial Service
13	Fees
					2021/22				2020/21
	Non-Statutory	Audit Fee				1500			1500
	Bank Charges					124			97
						1624			1597
14	Transfers
	The following	transfers were
	made.				2021/2022			2020/21
					Unrest'd	Restricted		Unrest'd	Restricted
15	Funds as agreed		by Earley Charity		0	0		9800	-9800
						0	0	9800	-9800

		2021/22	2021/22			2020/21	2020/21
	Tangible Fixed
	Assets
		Buildings	Fixtures		Total	Buildings	Fixtures		Total
			Fittings	&			Fittings	&
			Equipment				Equipment
	AT COST	6	6		f	E			f
	As at 1st April 2021	1000189	116912		1117101	1000189	120891		1121080
	Additions during
	year	27684		155	27839			0	0
	Disposals during
	year	0	-2045		-2045		-3979		-3979
	As at 31st March
	2022	1027873	115022	1142895		1000189	116912		1117101
	DEPRECIATION/AMORTISATION
	As at 1st April 2021	310325	102624		412949	291978	103034		395012
	Charge for the
	Year		3419		22476	18347	3569		21916
	Arising on
	Disposals during
	year	0	-2045		-2045		-3979		-3979
	As at 31st March
	2022	329382	103998		433380	310325	102624		412949
	NET BOOK
	VALUE
	As at 1stApril 2021	689864	14288		704152	708211	17857		726068
	As at 31st March
	2022		11024		709515	689864	14288		704152
16	Debtors		31/03/2022			31/03/2021
	All debtors fall due within one year.
	Trade Debtors		10186			5508
	Prepaid Expenses		9443			8532
	Accrued Income			0		5084
	Total Debtors		19629			19124
17	Creditors
	All creditors fall due within one
	year.	31/03/2022			31/03/2021
	Taxation, Social Security &
	Student Loan		0			0
	Trade Creditors		2552			954
	Grants in Advance		9507			8856
	Course Fees in
	Advance		680			484
	Accrued Expenses		4404			3623
	Total Creditors		17143			13917

Creditors	-15116	0	0	-2027	0		-17143
Provision	-25852	0	0	0	0		-25852
	103985	23235	698491	112948	1113	118	939890