Company no_ 03876616 Charity no. 1093226 Upper Horfield Community Trust Report and Unaudited Financial Statements 31 March 2022 •ABJ¢EEHC* IN12r2022 COMPANIES HOUSE A15
163
Upp•r Horfi•ld Communlty Trnst R•for•nce and administrative d•tails Forthe arend¢d 31 Mar¢h 2022 Cornpany numb•r 03876616 Charlty number 1093226 Regist•r•d offi¢e and opefalional address The Community Centre Eden Grove Meiho¢J"sl Church Eden Grove Horfiekl Bristol BS7 OPQ Tru$te¢s Tnjstees. wfh) are a0 directors under company law. who served during the year aThl up lo ts date of this report were as folknws.. Brenda Massey Susan Milestone Thomas Renhard James Wilson 8ankers HSBC 27 Gloueester Road Bristol BS7 OSQ Independ•nt •xaminers Godfrey Wils()n Lbmiled Chartered accountanfs arKI statutory auditors 5th Fl(yy Mariner House 62 Prince Street 8ristol BS14QO
Upper H¢)rfield Community Trust Report of the trusts*s For th• ar •nd•d 31 March 2022 The InJslee5 present thr report and the unaudrted financol ststements of the charity for the year ended 31 March 2022. Reference and administrative infonnation set out on page 1 fomis part of this report. The finantial statements comply wlh current statutory requirements. the Memorandum and Ar1icEes of Association and the Slalemenl of Recommended Practice- Accounting and Reporting by Charities {effective from January20191. Structur•, govemance and management Status Upper Horfield Community Tru51 is a company limited by guaranlee {regislration number 038766161 incorporated on 12 November 1999 and granted tharilable status by the Charity Commission under nwnber 1093226. Organisation The Iruslees as charity trustees have control of the charity and 115 property and funds_ The truslees when complete, consist of at least the and not MO than ts1¥8 individuals. all of whom must be members. One thirtj of the trustees must retire at eath AGM. The Direceors The boaid of directors. who are trustees for the purpose of Charity law. served during the year and up lo the date of this report are set out on page 1. Public ben•fit The trustees have compfied with their duty under Secbon 4 of the Charities 2011 to have due regafd to public benefit guidance published by the Charity Commission. Recruitment and appolntment ollmstees The Irustees are appointed by electn from the pecole of the defined 8rea al the Annual General Meeting. To qualify, eath Iruslee must live or wryk in the defined area. The lemi of office 1$ 3 years. A third of the Iruslees slaTrJ dowm each year but rnay slarKI for rwleclion. The InJ51ees may eOwopI Yo members with required skills from outside the defined area. Thes8 are 1 year appoinlrnents. The trustees may fill vacancies that arise unb"I the folbwin9 AGM. The trustees approach members of the community wth the required knowledge and skills to wn the trust lo encourage them lo stand for election. This is not always successful. Objèctives and activities Objects of the Charity.. To promote and benefft the people of Upper Horfield wrthout dislinclion of sex, of political. religious or other opinions. by ass¢xialing the local authorities. voluntary organisations and people in a common effort to advance education and to provide faulth'es in the interesls of social welfare for recreation and lsure time occupation. and to proVe childeare wth the object of improving the conditsons ol life of the Sa people., To establish or to secure the eslablishmenl of a centre in Upper Horfield and to maintain and manage. or to ¢(perate wth any k)cal statulory authority in Ihe maintenanee and management ol such a centre for acts'wties promoted by the charity and its eonsb"tuent bodies in furtherance of the abovo objocts.. and The charity shall be nonvparty in polib.cs and rn)fvsectsrian in reltr3ion.
Upper HorfKld Communlty Trusl Report of the trustees For the ar ended 31 March 2022 .Summary of main obS•div•s in fthtim to the abov• objects To continue to provide h#3h quahty Cohesi community services and faciliti&s.' To liaise with partner agerries lo enable the proviSn of additional servbces.. . To provide selfelp ¢)PPOrtunths for members of the local communty. . To provide a focal PCAnl and a for kjcal residents.. and To ensure our activitses aTr enwtyunentslty sustainable. R•port from th• Chalr. R•¥d Canon Jam•s Wllson . This sèt of accounts cov8r Ih8 second year aff8Cted by COVltb19. This continued to be a very . difficult period for Upper H¢NfiehJ C(ffjmurMty Trust. During the year the charity continued to r8vi8w its financial position and approaeh to aspects of service delivery and reconfwured IPrA to wt the chanty on a more Sustainab foots"ng. As is shown in this sel of accoun15, we have managed to maintain an improved cash F)stt for the Irust. iDurin9 the financial year. we have.. Supported bookings that enai4ed Nilal training to be deh'vered to key vrkors and members of the local community.. Supported community groups to meet COVID-19 safe guidelines. This induded groups for bcal mums an¢J their tsab, acbr¥J Tykshops for young people and adults. yoga for pregnant women. and other acttvities.. and The classes are running wel. 411th emphasis on the frtness of the ehjerly and opportunities for those with mentsl health ISSU lo meet in a supportive anwronment. The gende exercise class has continued to run well w7th ts tutor for parts of the year. Flnan¢lal rnvlew For the year ended 31 March 2C122, incoming resources were £34,556 12021.. £44.8191 and r8sources expended were £40.676121r21: £44.1 $7}. SUIting in a def11 of £6.12012021.. surplus for the year of £6621. Total fuThJs at 31 March 2022 were £71.997. which were fully unrestricled12021'. £78.1171. Ro$enie$ poll¢y The trustees are working lo trrtjdd up arJ Ihen maintain reserves whKh are equivalent to kn months '.trading, which is the equivaknl 01 £10.CW. This is to cover any liabilities of payThenls lo staff if the ' tnjst was to stop its aclivilie5. Any end of year surplus is transferred to the seThe5 to make up this 'amounl. Unreslricled general r•serves a13"1 March 2022 were £13,570 meaning the trust has met . its reserves targeL The trustees. thereftyè. consider the trust tr) be a 90ing concem.
Upper Horfield Community Trust R•port of th• tru$tse$ For the ar ended 31 March 2022 Plans for luture periods Plans for the next financial year are to continue to secure sustainable development and income streams to safeguard the charity into the uncertain economic future and continue our aims of last year. To lormalise relationships wth Eden Grove Methodist Church., To bring a mor8 varied prcgramme of events and courses lo build up our community. by supportin9 our eklerly to remain acts.ve and feel secure in their homes: To provide further volunteering oprrf)rtunities for local people, lo supwt them in maintaining and dev&l0.n9 skills for work induding a Jobs club- To promote the Upper Horf1d Community Gardening Club arKI hHJhlwht environmental issues facing our communty, . To contsnue tr) d8vebp our rarwJ8 of adivibes and dasses for local people with an emphasis on building diversty and accessibilty. and . To secuo proper investrnent our 5Ulh. Statement of responsibilities of the trustees The twstees Iwho are also directors of the charity for the purposes of company lawl are responsible for preparing the tnJst88s' report and the financial statements in accordance with applicabte law and United Kingdom Accounting SlarKlards, including Financial Rep)rts"ng Standard 102= The Financial Reporting Standard applicable in the UK and Republic of IreEand (Uniled Kingdom Generally Accepled Accountsng PraCte). Company law quI$ the trvstees lo Prepa ffinancial statements each financial year. vthich give a Irue and fair vW of the state of affairs of Ihe charity and of the income and expenditure of the charity for that period. In preparing those financial stslements the trustees a reqUId lo.. select sytsble accounting policies and then appty them consistenty., observe the methods and principles in the Charity"es SORP.. make judgements and accounting estimates that are reasonable and prudent.. stale whether applicable UK accounting standards and statements of recommended praclice have been followed. subject lo any rnalwial departures disclosed and explained in the financial slalemenls.. and prèpare the finanoal slalements on the going Ccern basis unless it is inappropriato to presume that the charity *MII continue in operation. The trustees a SPOnsIble for keeping proper accountiNJ records which drsclose reasonable a¢¢ura¢y al any time the financial position of the charity and which enable them to ensure that the financial statements compty with the Companies Act 2006. The trustees are also responsible for safeguardirv4 the asgels of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other iiregularities. The tnJstee5 ar8 responsible for the maintenanee and integrity of the corporate and financial information included on the charitable companVs website. LegislatTron the Un(ted Kingdom goveming the preparation and dissemination ol financial stalements may differ from legislation in otheriurisdiclK)ns. Members of the charity guarantee lo contritMAe an amount rK)t exceeding £1 to ass81s of the charity in the event of wnding up. Th8 tnjstees a m8mbers of Ihe tharity but this entitles them only to voting rights. The Iru$te8$ have benefal interesl in the charty.
Upper Horft•ld Community Trust R•port of the trustees Forthe ear •nded 31 March 2022 Independent examiners Godfrey Witson Limited were re-app)inted as independenl examiners to the charitsble company dUTg the year. Approved by the trustees on 14 December 2022 and 5NJned on the¥ behaw by Thomas Rerthard - Trustee
Independ•nt examinefs r•port To the trustees of er Horfleld Cornrnuni Trust I report to the trustees on my examinab.on of the aco)unts of Upper Hoffjekj CommunKty Trust (the charitable company) for the year ended 31 March 2022. which are set out on pages 7 to 18. Responsibllities and basis of report As the trustees of the charrtable eompany land also rts directors for the purposes of company lawl you are responsible for the preparatson of the accounts in accordance with the reqU1MentS of the Companies Act 20061.the 2006 Act'l. Having satisfied myself that the accounts of the charilable company are not required to be audited under Part 16 01 the 2006 Act and are eligible for independent examination. l port Trn respect of my examination of the charitsble companYs accounts as carried out under section 145 of Ihe Charit4es Act 2011 I'the 2011 Act'l- In Carn9 out my examinatson I have followed the Directs"ons gwen by the Charty Commissh)n under secb'on 145151 Ib} of the 2011 Act. Indep¢nd¢nt examineV5 Statement Godfrey Wilson Limited have provided payroll seThices to the charitable company for this financial year. I confifm that as a member of the ICAEW l am subject to the FRC'S Revised Ethical Stsndard 2016. tth I have applied vrilh re5lXt to engagement. I have completed my examination. I CCfi1 that rKJ material matters have come lo my attention in connection with the examination 9ing me cause to believe that in any material respect.. 111 accounting records We t kepl in $Fect of the tharitsble company as required by section 386 of the 2006 Act-, or {21 the acccMJnls do not accord wÉth those records", or {31 the accounts do not cornpty wth the a¢Unting reqU1ments of section 3% of the 2006 Acl other than any requirement that the accounts gtve a 'true and fair v¢eW ¥thich is not a matter considered as part of an indeperKlent exarninakn"on,' or {41 the aecounts have not been Prepa in accordance wth the methods and principles of the Slalemenl of Recommended Practice for accountsng and pOrting by charities applicable to charits'es preparing their accounts in aceordance wth the Finanaal ReportirKJ Standard applicable sn the UK and RepublK of Ireknd {FRS 1021. I have no ccncems and have come across no other matters in connection wAth Ihe examination to which attention should be dravm in this reF¥)rt in order to enable a proper understanding of the accounts to be reached. Date.. 14 December 2022 Rob Wilson FCA M•mber of the ICAEW For and on behaw of-. Godfrey Wilson Limited Chartered aoUntants and statutory auditors 5th Floor Mariner House 62 Prince Str8el Bristol 8S14QD
Upper Horfield Community Trust Statement of Ilnancial a¢tiv•ties (incoo)or8ting an income and expenditure account) For the •ar ended 31 March 2022 2022 Total 2021 Total Restricted UnStrICted Note Incomè from: Donations Charitable aclNities other trading actiWtS 6.141 28.414 6.141 28.414 26,141 18,066 612 Total In¢ome 34,556 34.556 44,819 Expenditure on: Charrtable athvibes 40,676 40.676 44,157 Total expen.diture 40,676 40.676 44,157 Nel income I lexpenditurel and net movement in funds 16,120) 16.1201 662 R•conciliation of funds: Totsl furtds brought forward 78.117 78,117 77,455 Total funds cathed forward 71.997 71.997 78.117 All of Ihe above results are derived from conlinuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds a disclosecl in Note 14 to the accounts.
Upper H¢rfeld Community Trust 8alan¢e sh•et As at 31 March 2022 2022 2021 Note Fixed a$$•ts Tangible assets 10 58,427 64,879 Current a$so1s Debtors Cash al bank and in hand 925 14,063 18.031 14,705 Liablllll Creditors.. am¢)unls falling due within 1 year 12 4.461 1.467 Net Current ass•ts 13,570 13,238 N•t ass•ts 13 71,997 78,117 Funds Unrestred funds Designated funds Revaluab"on reserve General funds 14 34.020 24,407 13.570 37.421 27.458 13,238 Total charity funds 71.997 78,117 The directors are satisfied Ihat the company is enliiled to exemption from the provisions of the Companies Act 2006 {Ihe Aell relab.ng to the audit of the financial stslemenls for the yeac by virtue of section 477121. and that member w members have requested an audit pursuant to section 476 of the Acl. The direetors acknowledge Iheir spOnsIbl1e5 for. {il ensuring that the Company keeps WOFer accountir¥J records which comply with section 386 of Ihe Act.. and lil) preparing financial stslements which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its profit or ksss for the financial year in accordance with the requirements of section 393. and which otheiSe comply wth the requirements of the Act latift9 lo ffinanual $eMents. so far as applicable to Ihe company. These accounts have been wepared in aCrdance vthh the special promsions applicable to cL¥npaThes subject to the small ¢ompanies' regime. Approved by Ihe trustees on 14 December 2022 arKI si9fted on their behaw by Thomas Renhard - Trustee
Upper Horfield Community Trust Notgs to the financial statem•nts For thè ¢af endod 31 March 2022 A¢counting policies a) Basis of preparatlon The financial statements have been prepa¢ in accordance with Accounting and Reporting by Charili¢s.' Slatement ol Recommended Pradice applicable to charits'es in preparing their accounts in accordan with the Financial Reporting Standard applicab in the UK and Republic ol Ireland IFRS 1021 (effeth"ve 1 January 2019} - (Charities SORP IFRS 1021). Ihe FinanrAal Reportiryj Stsndard appliCae in the UK and Republic of IrelarMI (FRS 102) and the Companies Act 2006. Upper Horfield Community Trust meets the definition ol a public benefit entity under FRS 102. Assets and liabilitS are initiaNy recogni5ed at historical cost or transaction vath unless otherwise staled in the relevant acc¢)unting note. bl Going ¢on¢ern basis of a¢counting The accounts have been prepa on Ihe assumptw thal the ¢harity is able lo eontinue as a going concern. wtth the trustees consider appropriate having regard lo the current level of unrestn.cted ServeS. There are no material ¥Jncertainb'es about the Charitys ability to conts'nue as a going concem. c} Income Income is reccgnised when the charity has enlrtlemenl lo the funds, any perfonnae conditions attached to the item of income have been mel. r( is probable thal the incryne %MII be received and the amount can be measurèd r8liabty. Income from Ihe govemment and other grants. vthether"'capitaf grants or 'revenue' grants, is re¢ognised vthen the charity has ents'trnent lo the funds. any perfomance conditsons attached lo the grants have been mel. it is probable that the income 11 b& receNed and the amount Can be measured reliabty and is not delerfed. d} Donated $ervi¢o$ and lacilities Donated professional services and donated faalilies are reccsnised as income when the eharity has control over Ihe ilern. any condib.ons associated th the donated item have been mot, the receipt of econcKnic benefit from the use by the charity of the item, is probable and th8 economic benefit can be measured reliably. In a¢¢ordance with the Chantbes SORP IFRS 102). general volunteer time is not re¢ognised. On racwpl, donated professional services and dona faalities are recognised on the basis of the value of the gift to the charity which is the arnounl the charity would have been willing io pay lo obiain services or facilil*s of equivalent economic benefit on the open market- a corresp¢)nding amount is then reccqnised in expendilure in the per of receipt. el Interest receivable Interest on funds held on deposit is inchjded when receivable and the arnount can be measured liabty by the chanty.- this is nomially Up notification of the interest paid or payable by the k.
Upper Horfield Community Trust Notes to th• finan¢lal statements For the ¥ ended 31 March 2022 Accounting poli¢ie$ l¢ontinu¢d) n" Funds accounting Unreslricled funds are aVailae lo spend on activities that lurther any of the Purposes of the charity. Designated furKls are unrestricted funds of the chartty whtch the Iruslees have decNled at their discretion to sel aside to use for a SFecrfic purpose. Reslricled funds are donatsons which the donor has $pecrfd are to be solely used for PartUlar areas of the charitys work or for specific projects being undertaken by the tharity. 91 Exp•nditur• and irr•cov•rable VAT Expendrture is recognised once there is a legal or conslnjctive ob1valn lo make a payment to a third party, il 15 probable that settlement will be required and the amount of the obligatrjn can be measur8d rgltably. Irrecoverdble VAT is tharged as a cost against the actrwty for which the expenditure was incurred. h) Allocatlon of support and gov•rnanu costs Support costs arè those functions that assist the work of the charity but do not dwectty undertake charitable acb"vib"e5. Govemance eost5 are the costs associated with the governance arrangements of the charity. induding the $ts of Mplying constituts'onal and statutory requirements and any costs assocrated th the strategic management of the ¢hariVs aclivrties. These Costs have been allocated in full to chantable aclivths on the basis that Ihe charity does not undertake any direct fvndraising activibes. i) Tangible fix¥d a$$et$ Depreuation is provkled at rates calcjjlated to WTite down the cost of each asset to its estimated r8sidual value over its expected useful life. The depCOll0n rates in use are as follows= 8uiklings Equipment 5% straight line 33.3% straight h'ne Iterns of equipment a p[IalIsed t•there the purchase price exceeds £500. J) Debtors Trade and olher deblfxs a recognised at Ihe settlemenl amount due after any trade discount Offed. Prepayments arg valued at the amount prepaid nel of any trade discounts due. k) Cash at bank and in hand Cash al bank and Cash in hand includes cash and short term highly liquid investment5 With a short ma¢urity of Ihree months or less Ir¢)m the date of acqui51tn or openin9 of the deposit or similar aount. l) Creditors Credito(s and provisions are recognised where the charity has a present obligation resulting from a past event thal will probably resutt in the transfer of fund5 to a third paty arKI the amount due to settle the obligation can be measured or estimated reliabty- Crgdrtors and provisions are normalty fecognised al th•r sgttlemenl amount after alb)wing for any trade discounts due. 10
Upper Horfield Community Trust Noles to th• finan¢lal statements For tho ear ended 31 March 2022 Accounting poll¢le$ (continued) rn) Flnan¢ial instruments The charitable company only has financial assets and financial liabiliti.es of a kind that qualrty a5 basie finaneial instruments. Basic financial instruments are initialty recognised at transaelion value and subsequenlty measured al their setdement value wilh the exception of bank loans which arg subsequenty recognised at amortised cost 5g the effeth.ve interest method. n} P•n$lon co$1$ The company oparates a defined contribution penSn scheme for rts employees. There are no further liabilities other than that already recognised in the SOFA. o} Accounting •stimates and kty judgements 'In the application of the charitys accounting policies, the trustees are required to make judgemen15, eslimales and assumptions ab(AJt the carrying values of asset5 and liabilities that not readily apPant from othei sources. The ests"males and underlying assumpts'ons are based on historical experiersce and other factors that are considered to be relevant. Actual results may drffer from these estimates. The ests"males and under"ng assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in whth the estimate is reSed if the VisiOn affects only that period. or in the peric*J of the re$lon and future peric•Js rf the revision affeels toth cuffent and fubxe periods. The key sources of estirnalion uncertainty that have a signifKant effect on the amounts recognised in the financial ststements we described befow. D•pre¢iatio Depreciation is prowded at rates calculated lo write down the cost of ead) asset lo ils estimated residual value over its expected useful lrfe. The rates in use are disclosed in note 1 li). Prlor period cornparatives: statement of flnanclal activiti?$ 2021 Total Restricted Unrestncted Incorne from.. Donats"ons Charitable activities Other trading activibes 26.141 18,066 612 26,141 18,066 612 Total income 44.819 44,819 Expendltur• on: Charitable activities 44,157 44.157 Total expendllure 44,157 44.157 Net income and nrt mov•m•nt in funds 662 662 11
upper Horfield Community Trust Not•s to the tinanclal $tatem•nts For the ar ended 31 March 2022 Income from donations 2022 Total 2021 Total Reslitled Unrestn'cted Oonations Grants 1.276 4.865 1.276 4.865 676 25.465 6.141 6.141 26.141 AFI in9 from donations in Ihe prior year was uNestricted. Income from charitable activities 2022 Tolal 2021 Total Restn"cted Unreskncted Rental and hire income Events and actim1$ 23.354 23,354 5.060 15.296 2.770 28.414 28,414 18,066 All income from charitae athities in the prior year was UnresIrted. Government grants The charitable company receives government grants, defined as funding from Bristol City Council and the Coronavirus Job Relentn Scheme. The total value of such grants in the period ended 31 March 2022 was £4.865 12021= £25,064). There are no unfulfilled condilK)ns or conlingwes attaehing to these grants in thè cJJrrent period. 12
Upp•r Horfield Community Twst Notes to th• finan¢lal $latements For the ar ended 31 March 2022 6. Tolal •xp•nditur• Support and govemance cosls Raising funds Charitable activitsos 2022 Total S*aries Inole 81 Classes antj activib'es Centre rnanagement Deprecrdtio Independent exarnination 17.844 771 14.409 17,844 771 14,409 6,452 1.200 6.452 1,200 Sub4olal 33.024 7.652 40,676 All¢xaiKm ol suppc¥l and govemance $ts 7.652 Total gxpendiiure 40.676 40,676 Total govemance costs were £1.200 {2021". £1,080). Prlor peri¢xl comparative supp and governance costs Ratsing funds charitse activits8S 2021 Total Salaries Inole 8} Classes ant1 ath'vities Centre mana9ement Depreciation Independent examination 20.565 420 15,640 20,565 420 15,640 6.452 1.080 6.452 1,080 Sub4olal 36.625 7.532 44,157 Allocathjll ol support and goveman¢e Costs 7.532 Total expenditu 44,157 44,157 13
Upper Horfield Community Trust Notes to the financial statements Fort •ar •nded 31 Mar¢h 2022 7. Net movement in funds This is stated after charging: 2022 2021 Depreaation Operating lease payments Trustees, remuneration Trustees, reimbursed expenses Independent examiners. remunerat1 Irklependenl examina other services 6.452 2,685 6,452 5,583 25 1.200 564 1,080 210 Trustees. reimbursed expenses relating lo truslee consist of prinling costs incurred for Ihe charitable activities of the charity. Staff ¢osts and numbors Staff Costs were as f¢Jk)ws: 2022 2021 Salaries and wages Employer pensions Re(lundancy 17.844 19,041 204 1,320 17,844 20,565 No empknyee eamed more than £60.0 during the year. The kèy management personnel ol the charitalye company comprise the trustees. They did not receive any rernuneration for thwr services during Ihe current or prior year. Redundancy payments in the pric* year comwise a statukny payment lo one employee. from general fijnds. 2022 No. 2021 No. Average head ctyjnl 9. Taxation The charity is exempt from CorratiOn tax as all ils inc43me is charita18 and is applie(J for charitable purposes. 14
Upp•r Horfield Community Tmst Note5 to th• flnan¢lal statements Foi Ihe ear •nded 31 March 2022 10. Tangibl• fix•d ass•ts Buildings Total Co$t At 1 April 2021 Additn$ in year 129.049 129,049 Al 31 March 2022 129.049 129,049 D•pre¢iation Al 1 April 2021 Charge for the ye 64.170 6.452 64,170 Al 31 March 2022 70,622 70,622 Net book value Al 31 March 2022 58.427 Al 31 March 2021 64,879 64,879 Buildings were slated at deemed cost on transition FRS 102 based on an independent valuation carried out in the year ended 31 December 2011. The historical cost of the buiklings is £68.030. 11. Debtors 2022 2021 Trade debtors Other debt( 3.707 261 825 100 3.968 925 12. Creditors . amount$ due within 1 y•ar 2022 2021 Trade credi Accruals Tax social security 3.149 1.200 112 93 1.080 294 4.461 1,467 1S
Upper Horfeld Ctxnmunity Trust P401es to th• financial statoments Fort ¥ ended 31 March 2022 13. Analysis of net ass•ts b•tw••n funds Restricted Desnated Revaluation furKIs funds reserve General funds Total lunds Tangible fixed assets Current ass8ts Current liabilities 34.020 24.407 58.427 18.031 4.461 18.031 4.461 Net a$set$ at 31 March 2022 34,020 24,407 13.570 71.997 Prlor peflod comparntlve Resfricled t)esignaled Revaluafion funds fvnds reserve Geral funds Total funds Tangible fixed assets Current assets Curnenl liabilities 37.421 27.458 64,879 14,705 1,467 14.705 1.467 Net a$s•ts at 31 March 2021 37.421 27,4S8 13,238 78,117 16
Upper Hortleld Community Trust Notes to th• finan¢lal statements For th• ear •nd•d 31 Alarch 2022 14. Movements in fvnds At 1 April 2021 At 31 March 2022 Income Expenditure Unr•strict•d funds Desiqnated fund5'. Building depr?ciatK)n fvrKI Revaluation reserve Genefal furLds 37.421 27.458 13.238 13,401} 13,051) 34.224 34.020 24.407 13.570 34.556 Total unrestricted fund5 78.117 40.676 71,997 Total lund$ 78,117 34.556 40.676 71.997 Prfor perfod comparativ• Al 1 April 2020 At 31 March 2021 Income Expenditure Unrostrictad fvnds Designated funds". BLtilding depre¢ialion fvThJ Revaluation reserve Gener* funds 40.822 30.509 6.124 {3,4011 13,0511 37,705 37,421 27,458 13,238 Total unrestricted funds 77.455 44.819 44,157 78,117 Total funds 77.455 44,819 44,157 78.117 Purpo$¢s of designated funds Building deprgciabon fvnd This pSentS the nel bTr)k value of fixed assets not hehy wthin the revaluation reserve. 17
Upper Horfield Community Trust Notes to the Ilnancial statefflents Forthe ear •nd•d 31 March 2022 15. Operating lease ¢ommltm•nts The charity had operab'ng leases al Ihe year eryj with totsl futu minimum lease payTrenls as Idlows: 2022 2021 Amount fallirKJ due.. Within 1 year Within 1- S yea 2,270 2,270 16. Related party transactions There no related paty transactions within the Cufrenl or prior year. 18