# **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 ===