REGISTERED COMPANY NUMBER: 04488546 (England and Wales) REGISTERED CHARITY NUMBER: 1094316
Report of the Trustees and Financial Statements for the Year Ended 31 March 2021 for Balham Community Centre
Balham Community Centre
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |
|---|---|
| Report of the Directors / Trustees | 1 |
| Report of the Independent Auditors | 4 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Statement of Cash Flow | 8 |
| Notes to the Statement of Cash Flow | 9 |
| Notes to the Financial Statements | 10 |
| Detailed Statement of Financial Activities | 15 |
Balham Community Centre
Report of the Trustees/Directors for the Year Ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees/directors have adopted the provisions of 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)(October 2020).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 04488546 (England and Wales) Registered Charity number 1094316 Registered office 91 Bedford Hill London SW12 9HE Trustees J Vyvyan P Barter A Duizend C Ross S Kline A Cummings S Cheeseman Company Secretary M Jones Bankers CAF Bank 25 Kings Hill Avenue Kings Hill, West Malling, Kent ME19 4JQ Lloyds Bank plc 125 Balham High Road London SW12 9AT
Auditors Archer Wise Accountants & Auditors Limited Statutory Auditors 85 Great Portland Street London W1W 7LT
Page 1
Balham Community Centre
Report of the Trustees/Directors for the Year Ended 31 March 2021
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.
Objective
The objective of the charity is to provide flexible and supportive services to all sectors of the local community in response to the local community’s changing needs.
Organisation
The Charity is managed by a Board of Trustees/Directors meeting on a bi-monthly basis taking all major decisions regarding the management and direction of the Charity. The day to day management of the charity is delegated to the Centre Manager who manages a team of 36 staff and 20 volunteers.
Directors/Trustees
One third of the Trustees is liable to retire by rotation at every annual meeting and may be reappointed. Any person wishing to become trustee must be recommended by an existing Trustee or be proposed by a member with minimum 14 days’ notice, and then elected by vote. The number of trustees must be at most 15 at all times. The list of directors/trustees having held office since the 1st April 2020 or appointed in the year is shown on page one. Where no date of appointment is listed, the said director/trustee was in office as at the 1st of April 2020. Any trustee who has been appointed for the first time and has never been a trustee in a charitable organisation is required to complete a Trustee’s induction course.
PERFORMANCE AND FINANCIAL OVERVIEW
Review of Activities and Future Activities
In furtherance of the objectives, the charity aims to provide culturally sensitive services for children aged 3-11years with their breakfast, after school and holiday provision. The charity now has twelve clubs providing services for eleven local primary schools. The long-established adult counselling service continue to provide low-cost counselling to a diverse local community. The Centre continues English for speakers of other Languages [E.S.O.L] courses, which have been running successfully for several years, courses are funded from the reserves of the organisation. The Charity further facilitates the provision of community self-help groups, such as Alcoholics Anonymous which has increased from two weekly meetings to four, the local Baptist church, Muslim prayer group. The charity is to continue on its current activities in its current form.
Financial Review
The Financial Statements are shown from page 6-14. The charity has provided the services in accordance with its objectives and has managed to record a surplus. The lockdown due to Covid-19 in March 2021 and the rent review finalised at the end of October 2021 has created a decrease in the expected surplus for the current year. The charity has no investment policy and only holds its cash in a bank account.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. In the light of this the Trustees have given consideration to the risks faced by the charity. In view of this risk, the trustees are aiming to build up free reserves to a level that would provide security to cover periods when there are shortfalls of income receivable. Detailed comments are provided in the Reserves Policy.
Reserves Policy
Cash reserves are the only assets held by the charity during the period. The total amount held at the end of the period is £340,824 made up of Unrestricted Funds only. The Balham Community Centre needs reserves to ensure its continuity in the event of a large variation in income, and to meet its contractual liabilities should the organization have to close. None of these amounts have been designated or committed at the year-end for any purposes.
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Balham Community Centre
Report of the Trustees/Directors for the Year Ended 31 March 2021
STATEMENT OF TRUSTEES/DIRECTORS RESPONSIBILITIES
The trustees (who are also the directors of Balham Community Centre 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), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
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
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable 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 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:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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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.
AUDITORS
The auditors, Archer Wise Accountants & Auditors Limited have been re-appointed at the previous Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 21 December 2021 and signed on its behalf by:
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J Vyvyan - Trustee
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Page 3
Report of the Independent Auditors to the Members of Balham Community Centre
Opinion
We have audited the financial statements of Balham Community Centre (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'; and
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- have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
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the trustees'/directors’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
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the trustees/directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Other information
The trustees/directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees/Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees/Directors has been prepared in accordance with applicable legal requirements.
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Report of the Independent Auditors to the Members of Balham Community Centre
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees/Directors. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees/directors were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees/directors
As explained more fully in the Statement of Trustees/Directors Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees/directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees/directors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees/directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Siang Lin Choo FCCA (Senior Statutory Auditor) for and on behalf of
Date: 10 January 2022
Archer Wise Accountants & Auditors Limited Statutory Auditors 85 Great Portland Street London W1W 7LT
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Balham Community Centre
Statement of Financial Activities
for the Year Ended 31 March 2021
| Un-Restricted Restricted Notes £ INCOME AND ENDOWMENTS FROM Subscriptions, Donations and Legacies 2 283,945 252,077 Other fundraising activities 3 - - Investment income 4 143 Total 284,088 252,077 EXPENDITURE ON Raising funds 5 - - Charitable activities 6 442,323 252,077 Total 442,323 252,077 NET (DEFICIT)/INCOME (158,235) - RECONCILIATION OF FUNDS Total funds brought forward 499,059 - TOTAL FUNDS CARRIED FORWARD 340,824 - ====== ======= |
31.03.2021 31.03.2020 Total Total Unrestricted £ £ 536,022 776,090 - - 143 444 536,165 776,534 - - 694,400 758,103 694,400 758,103 (158,235) 18,431 499,059 480,628 2 340,824 499,059 ======= ======= |
31.03.2021 31.03.2020 Total Total Unrestricted £ £ 536,022 776,090 - - 143 444 536,165 776,534 - - 694,400 758,103 694,400 758,103 (158,235) 18,431 499,059 480,628 2 340,824 499,059 ======= ======= |
|---|---|---|
| 776,534 - 758,103 |
||
| 758,103 | ||
| 18,431 480,628 |
||
| 499,059 ======= |
The notes form part of these financial statements
Page 6
Statement of Financial Position As at 31 March 2021
Balham Community Centre
| 31.03.2021 | 31.03.2020 | ||||
|---|---|---|---|---|---|
| Un-Restricted | Total | Total | |||
| Notes | £ | £ | £ | ||
| CURRENT ASSETS | |||||
| Debtors | 11 | 4,239 | 4,239 | 2,872 | |
| Cash at bank and in hand | 358,574 | 358,574 | 522,932 | ||
| 362,813 | 362,813 | 525,804 | |||
| CREDITORS | |||||
| Amounts due within one year | (21,989) | (21,989) | (26,745) | ||
| NET CURRENT ASSETS | 340,824 | 340,824 | 499,059 | ||
| ====== | ======= | ======= | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 340,824 | 340,824 | 480,628 | ||
| NET ASSETS | 340,824 | 340,824 | 480,628 | ||
| ====== | ======= | ======= | |||
| FUNDS | |||||
| Unrestricted Funds: | General Funds | 340,824 | 340,824 | 480,628 | |
| TOTAL FUNDS | 340,824 | 340,824 | 480,628 | ||
| ======= | ======= | ======= |
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Trustees on 21 December 2022 and were signed on its behalf by:
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J Vyvyan - Trustee
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The notes form part of these financial statements
Page 7
Balham Community Centre
Statement of Cash Flow for the year ended 31 March 2021
| 31.03.2021 | 31.03.2020 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activites | |||
| Cash generated from activities | 1 | (164,501) | 36,030 |
| Net cash from operating activities | (164,501) | 36,030 | |
| ======== | ======== | ||
| Cash flows from investing activities | |||
| Investment income | 143 | 444 | |
| Net cash from investing activities | 143 | 444 | |
| ======= | ======= | ||
| Cash flows from financing activities | |||
| Financing activities | - | - | |
| Net cash from financing activities | - | - | |
| ======= | ======= | ||
| Increase/(Decrease) in cash and cash equivalents | (164,538) | 36,474 | |
| Cash and cash equivalents in the beginning of the year | 2 | 522,932 | 486,458 |
| Cash and cash equivalents at the end of the year | 2 | 358,394 | 522,932 |
| ======= | ======= |
The notes form part of these financial statements
Page 8
Balham Community Centre
Notes to the Statement of Cash Flow for the year ended 31 March 2021
1. RECONCILIATION OF SURPLUS TO CASH GENERATED FROM ACTIVITIES
| 31.03.2021 | 31.03.2020 | 31.03.2020 | |
|---|---|---|---|
| £ | £ | ||
| Surplus/(Deficits) from activities | (158,235) | 18,431 | |
| Investment income | (143) | (444) | |
| (158,378) | 17,987 | ||
| (Increase) / Decrease in debtors | (1,367) | 6,736 | |
| Increase / ( Decrease) in creditors | (4,756) | 11,307 | |
| Cash generated/(expended) from activities | (164,501) | 36,030 | |
| ======= | ======= |
2. CASH AND CASH EQUIVALENTS
The amounts disclosed on the Statement of Cash Flow in respect of cash and cash equivalent are in respect of these Balance Sheet amounts
| Year ended 31 March 2021 | 31.03.2021 | 31.03.2020 |
|---|---|---|
| £ | £ | |
| Cash and cash equivalents | 358,572 | 522,932 |
| ======= | ======= | |
| Year ended 31 March 2020 | 31.03.2020 | 31.03.2018 |
| £ | £ | |
| Cash and cash equivalents | 522,932 | 486,458 |
| ======= | ======= |
The notes form part of these financial statements
Page 9
Balham Community Centre
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. There is no apportionment of costs for the various activities as the main site is used for all activities and members of staff inter-change between the services offered by the charity.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities in the period to which they relate.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets
Depreciation is provided at an annual rate of 20% of cost in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Going concern
The financial statements have been prepared on a going concern basis and that there are no material uncertainties on the matter of the charity’s ability to continue operations.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes or the nature of the grants received.
The notes form part of these financial statements
Page 10
Balham Community Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
| 2. | SUBSCRIPTIONS, DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 31.03.2021 | 31.03.2020 | ||
| £ | £ | ||
| Donations | 2,562 | 4,324 | |
| Grants | 252,077 | 3,635 | |
| Subscriptions | 281,383 | 768,131 | |
| 536,022 | 776,090 | ||
| ======= | ======= | ||
| Grants received, included in the above, are as follows: | |||
| 31.03.2021 | 31.03.2020 | ||
| £ | £ | ||
| Counselling Support Grant (Un-Restricted) | - | 3,635 | |
| HMRC Furlough Grant (Restricted) | 252,077 | ||
| 3. | OTHER FUNDRAISING ACTIVITIES | ||
| 31.03.2021 | 31.03.2020 | ||
| £ | £ | ||
| Fundraising events | - | - | |
| 4. | INVESTMENT INCOME | ||
| 31.03.2021 | 31.03.2020 | ||
| £ | £ | ||
| Deposit account interest | 143 | 444 | |
| 5. | RAISING FUNDS | ||
| Raising donations and legacies | |||
| 31.03.2021 | 31.03.2020 | ||
| £ | £ | ||
| Fund raising expenses | - | - |
The notes form part of these financial statements
Page 11
Balham Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
6. EXPENDITURE
| XPENDITURE | ||||||
|---|---|---|---|---|---|---|
| Support Costs | Office Costs | Activity Costs | Governance | TOTALS | ||
| £ | £ | £ | £ | £ | ||
| Other resources expended | 31.03.2021 | 552,545 | 70,629 | 33,734 | 37,492 | 694,400 |
| Other resources expended | 31.03.2020 | 632,105 | 59,460 | 58,216 | 8,322 | 758,103 |
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.03.2021 | 31.03.2020 | |
|---|---|---|
| £ | £ | |
| Auditor’s remuneration | 6,000 | 6,000 |
| Hire of plant and machinery | 4,598 | |
| Other operating leases | 44,937 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or benefits for the year ended 31 March 2021 or for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 or for the year ended 31 March 2020.
9. STAFF COSTS
| 31.03.2021 | 31.03.2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 494,686 | 559,375 |
| Social security costs | 27,190 | 32,022 |
| Other pension costs | 18,830 | 23,289 |
| 540,706 | 614,648 | |
| ======== | ======== | |
| The average monthly number of employees during the year was as follows: | ||
| 31.03.2021 | 31.03.2020 | |
| All staff | 36 | 35 |
No employees received emoluments in excess of £60,000.
No employees are provided with long term benefits.
Employees are not entitled to any termination benefits other than statutory redundancy pay if applicable.
Page 12
Balham Community Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS Subscriptions, Donations and Legacies Investment income EXPENDITURE ON Raising funds Charitable activities NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Accrued expenses |
Total General Restricted funds £ £ £ 776,090 - 776,090 444 - 444 ------------ ---------- ------------ 776,534 - 776,534 - - - 758,103 - 758,103 758,103 - 758,103 18,431 - 18,431 480,268 - 480,268 499,059 - 499,059 ======= ====== ======= 31.03.2021 31.03.2020 £ £ - 1,080 - 5792 4,239 2,736 4,239 9,608 ====== ====== 31.03.2021 31.03.2020 £ £ 10,299 3,178 7,659 7,829 4,031 4,431 21,989 15,438 ====== ====== |
|---|---|
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Balham Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
13. MOVEMENT IN FUNDS
| At 01.04.2020 |
Net movement in funds |
At 31.03.2021 |
|
|---|---|---|---|
| Unrestricted Funds | |||
| General Fund | 499,059 | (158,235) | 340,824 |
| ------------ | ------------- | ----------- | |
| TOTAL FUNDS | 499,059 | (158,235) | 340,824 |
| ------------ | ------------- | ----------- | |
| Net movement in funds included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| Resources | Expended | in funds | |
| Restricted Funds | |||
| Grants received | 252,077 | 252,077 | - |
| Unrestricted Funds | |||
| General Funds | 284,088 | 442,323 | (158,235) |
| ------------ | ------------- | ------------ | |
| TOTAL FUNDS | 536,165 | 694,400 | (158,235) |
| ------------ | ------------- | ------------ | |
| COMPARATIVES FOR MOVEMENT IN FUNDS | |||
| At | Net movement | At | |
| 01.04.2020 | in funds | 31.03.2021 | |
| Unrestricted Funds | |||
| General Funds | 480,268 | 18,431 | 499,059 |
| Restricted Funds | - | - | - |
| ------------ | ------------- | ----------- | |
| TOTAL FUNDS | 480,268 | 18,431 | 499,059 |
| ------------ | ------------- | ----------- |
There are no Restriction Funds held in the current year. (31.03.2020 = £NIL)
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
17. ULTIMATE CONTROLLING
PARTY There is no ultimate
controlling party.
Page 14
Balham Community Centre
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
| 31.03.2021 | 31.03.2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Subscriptions, Donations and Legacies | ||
| Subscriptions | 281,383 | 768,131 |
| Donations | 2,562 | 4,324 |
| Grants | 252,077 | 3,635 |
| 536,022 | 776,090 | |
| Other fundraising activities | ||
| Fundraising events | - | - |
| Investment income | ||
| Deposit account interest | 143 | 444 |
| ----------- | ----------- | |
| Total Incoming Resources | 536,165 | 776,534 |
| ======= | ======= | |
| EXPENDITURE | ||
| Support costs | ||
| Wages | 494,686 | 559,375 |
| Social security taxes | 27,190 | 32,022 |
| Pension contributions | 18,830 | 23,289 |
| Recruitment expenses | 3,181 | 6,835 |
| Staff training | 594 | 2,589 |
| Computer costs | 2,529 | 2,928 |
| Telephone | 2,971 | 2,137 |
| Postage and stationery | 132 | 984 |
| Travelling | 1,294 | 480 |
| Subsistence | 841 | 778 |
| Bank charges | 297 | 668 |
| 552,545 | 632,105 |
This page does not form part of the statutory financial statements
Page 15
Balham Community Centre
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
| 31.03.2021 | 31.03.2020 | |
|---|---|---|
| £ | £ | |
| Office Costs | ||
| Rent | 51,989 | 44,937 |
| Rates and water | 991 | 278 |
| Light and heat | 2,059 | 3,355 |
| Repairs and maintenance | 10,860 | 9,421 |
| Cleaning | 4,730 | 1,469 |
| 70,629 | 59,460 | |
| Activity Costs | ||
| Insurance | 6,730 | 6,154 |
| Equipment hire | 5,423 | 5,497 |
| Equipment expenses | 2,319 | 2,373 |
| Events | 5,143 | 16,413 |
| Food | 8,636 | 20,728 |
| Consumables | 3,439 | 4,741 |
| Publicity | 250 | 326 |
| Sundries | 1,794 | 1,984 |
| 33,734 | 58,216 | |
| Governance costs | ||
| Legal fees | 31,355 | 2,260 |
| Audit fees | 6,000 | 6,000 |
| Sundries | 137 | 62 |
| 37,492 | 8,322 | |
| Total Resources expended | 694,400 | 758,103 |
| ----------- | ----------- | |
| Net Income/(Deficit) | (158,235) | 18,431 |
| ======= | ======= |
This page does not form part of the statutory financial statements
Page 16