2020-10-31-accounts

EOCG (EASTERN OSWESTRY COMMUNITY GROUP)

Company limited by guarantee Registration Number 04542353 Registered Charity Number 1096623

STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31[ST] OCTOBER 2020

EOCG (Eastern Oswestry Community Group)

Notes forming part of the financial statement for the year ended 31[st] October 2020

Accounting Convention

The financial statements are prepared under the historical cost convention as modified by the inclusion of investments at market value and in accordance with the statement of Recommender Practice – Accounting and Reporting by Charities (SORP 2005) issued in March 2005, applicable UK standards the Companies Act 1985 and the Charities Regulations 2005 issued under the Charities Act 1993.

Investment Income

Investment income is accounted for in the period in which the charity is entitled to receipt.

Resources expended

Expenditure is included on an accruals basis.

Tangible fixed assets and depreciation

All assets costing more than £100 are capitalized. Depreciation is charged on buildings on a straight-line basis over 50 years. Furniture, equipment and motor vehicles are written off on a straight-line basis over their estimated useful life of 4 years.

Fund accounting

Unrestricted funds are those funds which the Trustees are free to use in accordance with the objects of the charity. Restricted funds are those funds which have been given for particular purposes.

Investment income (2019 values in parentheses)

Interest on cash deposits Nil (Nil)

Voluntary income (2019 values in parentheses)

Grants from Local Authorities / Nil (Nil) UK agencies / European Union

Trustee Expenses

The charity trustees were not paid or reimbursed expenses during the year and no trustee received any payment or emolument for professional or other services.

Staf costs(2019 values in parentheses)
Salaries £23282.42(£18965.10)
Social Security costs Nil	(Nil)
Redundancy costsNil	(£nil)
£23282.42 (£18965.10)
Tangible Fixed Assets
Freehold Property Furniture & equipment	Total
At 31.10.19 £216939 £1985	£218924
Additions 2020 £1000	£1000
___________
£216939 £2985.00 £219924
___________
Depreciation charge £8346 £250	£8596
for 2020
_____________
Net book value £208593 £2735	£211328
As at 31.10.20 _____________
Debtors(2019 values in parentheses)
Prepayments and other debtors £621	(£0)
Creditors(2019 values in parentheses)
Amounts falling due within 1 year £0	(£0)

(EOCG) EASTERN OSWESTRY COMMUNITY GROUP

	BALANCE SHEET AS AT 31ST OCTOBER 2020
	Unrestricted Restricted Total Total
	Funds Funds 2020 2019
Fixed Assets
Tangible assets	0 211328 211328 216939
Current Assets
Cash in bank	7,80719 7826 5764
Debtors	621 - 621 -
	_________
Totals	8428 19 8447 5764
	_________
Creditors	0 - 0
0
	__________
Net current assets	8428 19 8447 5764
	_________
	__________
Total net assets	8428 211347 219775
222703
	__________
Funds of the charity
Guarantee reserve	- 19 19
19

Restricted funds - 211328 211328 216939 Unrestricted funds 7807 - 7807 5745

Total Funds 7807 211347 219154 222703

(EOCG) EASTERN OSWESTRY COMMUNITY GROUP

STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31[ST] OCTOBER 2020

	Unrestricted	Restricted	Total Total
	Funds	Funds	2020
2019
Incoming
Resources
Investment	0	0	0
1412
Generated Funds	53258	-	53258 33798
Voluntary Income	0	0	0 10
Other	0	0	0 0
Totals	53258	0	53258
35220
Resources
Expended
Fundraising costs	2247	49889	52136
18965
Depreciation	-	250	250 4615

Totals 2247 49639 51886 23580

Net Incoming 51011	(-49639) 1372 (-4614)
Funds brought forward 5599	19 5618
218058
Total Carried forward 56610	49620 6990
241638

	EOCG (Eastern Oswestry Community Group)	EOCG (Eastern Oswestry Community Group)	EOCG (Eastern Oswestry Community Group)
	Company limited by guarantee
	Balance Sheet as at 31st October 2020
	2020		2019
		£	£
Fixed Assets
Tangible assets		211328	216939
Current Assets
Debtors		621	0
Cash in hand/bank		7826	5745
	____	_____
			8447
	5745
Creditors
Amount due within 1	year	0	0
Net Current Assets		8447	5745
		_____	_____
Net Assets		219775	222684
Capital & Reserves

Other reserves 19 19 Profit and loss account 211328 222684

Members’ funds 219154 222703

Directors Report

1. For the year ending 31/10/2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006

2. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006

3. The director’s acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

4. These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies’ regime.

Signed . . . . . . .K A Davies . . . . . . . . . . . . . . . . . . . Kerry Davies (Director) Date . . 28/07/2021

. . .

EOCG (Eastern Oswestry Community Group) Company limited by guarantee

Notes to the abbreviated financial statement for year ended 31[st] October 2020

Accounting Convention

The accounts are prepared under the historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities.

Tangible fixed assets and depreciation

Depreciation is applied at rates calculated to write off the cost less the residual value of each asset over its estimated useful life, viz. land and buildings on a straight line basis over 50years; fixtures, fittings, equipment and motor vehicles on a straight line basis over 4 years.

Fixed Assets

Cost £

At 1[st] November 2019 43097 Additions nil

At 31[st] October 2020 51886

__ Depreciation At 1[st] November 2019 4615 Charge for year At 31[st] October 2020 8596 ____ Net Book Values At 31[st] October 2019 216939 At 31[st] October 2020 211328 ===== Company limited by guarantee Issued and fully paid guarantee £19 ===