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2021-03-31-accounts

Pages
Directors' Report 1- 10
Statement ofDirectors' Responsibilities
Auditors'
Report		 12 —14
Consolidated
Statement		 ofFinancial Activities 15
Consolidated
Balance Sheet		 16
Charity Balance Sheet 17
Consolidated
Statement		 ofCash Flows 18
Notes to the Consolidated Financial Statements 19-33

office during the year are as follows:
The Patron Mrs Jennifer Tolhurst, The Lord Lieutenant ofEssex
President Mr G Courtauld
OBE,DL
Vice-Presidents Mr D Boyle JP, DL
The Revd. Canon JBrown DL
Cllr JJowers
Mr CManning-Press
DL
Lord Petre KCVO
Professor JPretty OBE
Mr RWoolley
Treasurer Mr PConway FCA

Unrestricted Restricted Total Total
Notes funds funds 2021 2020
Income from: Note 10 Note 15
Charitable
activities		 2 406,052 1,103,539 1,509,591 1,630,674
Donations 2,340 2,340 5,499
Investments
Rents receivable 1iv 29,902 29,902 20,002
Interest receivable 1,235 1,235 1,764
Total income 439,529 1,103,539 1,543,068 1,657,939
Expenditure
on:
Charitable
activities		 3 392,380 917,283 1,309,663 1,511,164
Investment
management
Rental overheads 1iv 9,497 9,497 21,145
Total expenditure 401,877 917,283 1,319,160 1,532,309
Net income before transfers 37,652 186,256 223,908 125,630
Transfers between funds
Net income after transfers 37,652 186,256 223,908 125,630
Total funds brought forward 797,417 134,834 932,251 806,621
Total funds carried forward 6835,069 6321,090 61,156,159 6932,251

Unrestricted Restricted Total Total
Notes funds funds 2021 2020
6
Note 16
Net income as per the Consolidated
Statement ofFinancial Activities 37,652 186,256 223,908 125,630
Adjustments
for:
Rents receivable (29,902) (29,902) (20,002)
Interest receivable (1,235) (1,235) (1,764)
Rental overheads
payable		 9,497 9,497 21,145
Depreciation
charges		 6,537 6,537 6,621
Decrease/(increase) in debtors (36,279) (5,634) (41,913) 16,860
Increase/(decrease) in creditors (30,918) (45,515) (76,433) 70,839
Net cash provided
by operating
activities (44,648) 135,107 90,459 219,329
Cash flows from investing activities:
Rents received 29,589 29,589 19,938
Interest received 1,235 1,235 1,764
Rental overheads
paid		 (10,469) (10,469) (20,252)
Net cash provided
by investing
activities 20,355 20,355 1,450
Cash flows from financing activities:
Mortgage repayments 7 (18,579) (18,579) (17,050)
Net cash (used in) financing activities (18,579) (18,579) (17,050)
Net change in cash (42,872) 135,107 92,235 203,729
Cash balances brought forward 265,072 205,775 470,847 267,118
Cash balances carried forward 6222,200 6340,882 6563,082 6470,847

Taxation Taxation
The company
is a charity		 within
the meaning		 of section 506(1) of the Taxes Act 1988.
Accordingly,
the company		 is potentially exempt from taxation in respect of income
or
capital gains received within the categories covered by Section 505 ofthe Taxes Act 1988or
Section 256 of the Taxation of Chargeable Gains Act 1992to the extent that such income or
gains are applied to exclusively
charitable		 purposes.
INCOME FROM CHARITABLE ACTIVITIES
Acflvity 2021
6		 2020f
Community
Engagement		 111,557 120,369
Rural Housing Enabler Service 37,210 37,015
Village Halls Advice Service 47,303 49,340
Community
Agents Essex		 783,000 619,500
Home from Hospital / Social Prescription
Service		 62,500 257,695
Social Isolation &Loneliness Programme 269,739 256,390
Essex Rural Skills Project 97,042
Help Essex Buy Local 14,979
Growing Communities 2,500 2,500
Strategic Influencing
and Partnership		 Working 132,503 128,471
Essex Rivers 47,800 59,160
Restricted Grant Making Funds (Note 10) 500 3,192
61,509,591 EI,630,674
The above figures include the following
'government		 grants':
Source Acd'vitC
Essex County Council Community Agents 753,000 612,500
Essex County Council Social Isolation Programme 256,390 256,390
Essex County Council AII unrestricted activities 150,000 150,000
DEFRA (via ACRE) All unrestricted activities 48375 47,475
DEFRA Essex Rivers 47,800 59,160
BigLottery Fund Essex Rural Skigs Project 97,042
District/Borough
Councils		 Rural Housing Enabler 5,000 5,000
Total government
grants		 81460,565 K1,227,567

PENDITURE ON CHARITABLE ACTI VITIES
Direct Support Total
Year to31March 2021 costs costs 2021
f.
Community
Engagement		 51,847 54,767 106,614
Rural Housing
Enabler Service		 19,914 15,647 35,561
Village Halls Advice Service 26,952 18,255 45,207
Community
Agents Essex		 620,166 30,900 651,066
Home from Hospital / Social Prescription 57,500 5,000 62,500
Social Isolation &Loneliness Programme 210,248 210,248
Help Essex Buy Local 15,867 15,867
Growing Communities 2,077 2,077
Strategic Influencing
and Partnerships		 84,906 41,726 126,632
Essex Rivers 40,399 9,799 50,198
Restricted Grant Making Funds (Note 10) 3,693 3,693
1,133,569 176,094 1,309,663
Direct Support Total
Year to31March 2020 costs costs 2020
6
Community
Engagement		 61,234 57,156 118,390
Rural Housing
Enabler Service		 20,075 16,330 36,405
Village Halls Advice Service 29,477 19,052 48,529
Community
Agents Essex		 556,853 30,900 587,753
Home from Hospital / Social Prescription 226,553 10,000 236,553
Social Isolation &Loneliness Programme 172,141 172,141
Essex Rural Skills Project 116,067 116,067
Growing Communities 3,219 3,219
Strategic Influencing
and Partnerships		 82,811 43,548 126,359
Essex Rivers 55,719 4,401 60,120
Restricted Grant Making Funds 5,628 5,628
61,329,777 6181,387 61,511,164

2021 2020
Wages and salaries 628~9 730,599
Employer's national insurance contributions 36,347 46,947
Employer's cont'ns - defined benefit pension scheme 111,547 109,502
Employer's contributions - defined contribution pension scheme 5,292 6,279
Total salary and on-costs 678L535 f893,327

Long- ICT Fixtures
leasehold Office hardware & &
properly equipment software fittings Total
6 6 6
Cost/ Valuation
As at 1 April 2020and
31March 2021 725,000 18,612 11,911 4,704 760,227
Depreciation
As at 1April 2020 20,400 14,857 11,911 3,685 50,853
Charge for period 4,080 2,253 204 6,537
As at 31March 2021 24,480 17,110 11,911 3,889 57,390
Net book value
As at 31March 2020 6704,600 f3,755 EL019 6709,374
As at 31March 2021 6700,520 I L502 6 6815 6702,837

FIXED ASSET INVEST MENTS (ofthe Group an d the Charity)
2021 2020
E E
National Savings - Income Bonds E100,000 E100,000

DEBTORS
Group Charity
2021 2020 2021 2020
E
Trade debtors 85,199 26,992 85,199 26,992
Intercompany
debtor		 213
Grants receivable 7773 25,129 7,773 25,129
Other debtors 3,055 2,167 3,055 2,167
Prepayments 2,460 1,973 2,460 1,973
E98,487 656,261 E98,487 f'56,474
CREDITORS
Group Charity
2021 2020 2021 2020
E E E
Amounts
fallin		 due within one ear
Trade/other
creditors		 40,757 113,487 40,757 113,487
Income received in advance 5,911 4,700 5,911 4,700
Accruals 33,823 46,340 33,823 46,340
Mortgage capital instalments 18,217 18,758 18,217 18,758
Value added tax 12,382 3,081 12,382 3,081
Pay-as-you-earn tax (PAYE) 8,156 10,826 8,156 10,826
E119,246 E197,192 6119,246 E197,192

CREDIT ORS - continued
Group Charity
2021 2020 2021 2020
6
Amounts fallin due after one ear
Mortgage capital instalments 6189,001 6207,039 6189,001 6207,039

FINANCIAL INSTRUMENTS
Group Charity
2021 2020 2021 2020
6 6
Financial Assets
Fixed asset investments
(Note 5)		 100,000 100,000 100,000 100,000
Trade debtors (Note 6) 85,199 26,992 85,199 26,992
Cash at bank and in hand 563,082 470,847 563,082 470,634
Carrying value offinancial assets 6748,281 f597,839 6748,281 f597,626
Financial Liabilities
Trade/other
creditors (Note 7)		 40,757 113,487 40,757 113,487
Mortgage capital instalments
(Note 7)		 207,218 225,797 207,218 225,797
Carrying
value offinancial liabilities		 6247,975 6339,284 6247,975 f339,284

ark buildin g - is as foBows:
2021 2020
Receivable within 1year 27,936 27,456
Receivable between 1and 5years 11,394 38,730
f39,330 666,186

Activities Grant
Balance under- funding Total Balance
1April Total taken of expend- Tfarls- 31March
2020 income directly activities iture fers 2021
Restricted Activities described
in the Directors' Report
Community Agents Essex 31,747 783,000 349,066 302,000 651,066 163ax31
Social Isolation and Loneliness 84,249 269,739 209766 982 210348 143,740
Growing Communities 2,523 2300 2AI77 2,077 2,946
Essex Rivers 2,398 47,800 50,198 50,198
Restricted Grant-Making
Funds
'Making It Happen' 2,000 2,000
'Surviving Winter Appeal Fund' 503 501 501 502
Hovefields fcHongey Forum 3,192 2A12 3,192
'Natural
Environment'		 Project 6,700 6,700
'Fighting
Rural Crime'		 Project 1,522 1422
El,103,539 f611,387 f3062I95 6917,283 6- f'321,090

UNREST RICTED FUNDS (ofthe Group an d the Charity)
Designated Free Core Total
Capital Charitable Unrestricted
Fund Funds Funds
6 6
As at 1April 2020 478,803 318,614 797,417
Net movement
in unrestricted		 funds 37,652 37,652
Transfers to/ from Designated Capital Fund:
Reduction in value oflong leasehold property (4,080) 4,080
Reduction in mortgage 18,579 (18,579)
As at31March 2021 6493,302 634L767 6835,069

2017valuations
o		 verleaf, were as follo ws:
Ongoing Valuation FRS102 FRS102
2018 2018 2017
Financial assum tions
RPI increases 3.57% 3.3% 3.6%
Salary increases 4.17% 2.3% 4.2%
Pension increases 2.67% 2.3% 2 7%
Discount rate 5.19% 2.6% 2.8%
Assumedlifeex ectanc from a e65 ears
Retiring today - males 22.2 22.2 22.1
Retiring today - females 24.7 24.7 24,6
Retiring in 20years - males 24.4 24.4 24.3
Retiring in 20years - females 27.0 27.0 26.9

actuary's
estimate
ows:		 d
asset allocation for		 the company
as at		 the 2018 and 2017year- ends
was
2018 201/
Equities 66% 68%
Gilts / other bonds 11% 8%
Property 9% 10%
Cash / alternative assets / other managed funds 14% 14%
se assumptions
gave rise to the following
va		 luations:
Ongoing Valuation FRS102 FRS102
2018 2018 2017
Present value ofdefined benefit liabilities (61,437,000) (62,340,000) (62,327,000)
Fair value offund assets 62,038,000 EI,999,000 f1,706,000
Net defined benefit pension asset/(liability) 6601,000 (f341,000) (&21,000)

2021 2020
Financial assum tions
RPI increases 3.15% 2.65%
Salary increases 2.80% 1.85%
Pension increases 2.80% 1.85%
Discount rate 2.00% 235%
Assumedlifeex ectanc
from a e65		 ears
Retiring today - males 21.6 21.8
Retiring today - females 23.6 23.7
Retiring in 20years - males 22.9 23.2
Retiring in 20years - females 25.1 25.2
The actuary's estimated asset allocation for the company as at the year-end was as follows:
2021 2020
Equities 62% 59%
Gilts / other bonds 8% 10o/
Property 7% 9%
Cash / alternative assets / other managed funds 23% 22%
Anal sis ofthe amounts that would have been reco that would have been reco ised in the 2021 2020
SOFA under FRS102 6"000 6"000
Current service cost (115) (148)
Net interest on the defined benefit pension liability (2) (8)
Total amount
that would		 have been recognised in net income (117) (156)
Return on fund assets in excess ofinterest 616 (178)
Other actuarial gains 20
Changes in financial &demographic
assumptions		 (840) 309
Experience (gain) on defined benefit obligations 28 143
Total amount that would have been recognised as an actuarial
(loss)/gain (196) 294
Net amount that would have been recognised in the SOFA (313) 138

12 DEFINED BENEFITPENSION S CHEME —continued CHEME —continued CHEME —continued CHEME —continued
Anal sis ofthe amount that would have been reco
ised		 in the 2021 2020
Balance Sheet under FRS102 6'000 L000
Present value ofdefined benefit scheme liabilities 3,371 2,382
Fair value offund assets (bid value) 3,072 2,285
Net defined benefit pension liability 299 97
Reconciliation ofthe o enin
and closin		 balances ofthe resent 2021 2020
value ofthe defined benefit scheme liabilities under FRS102 6'000 L000
Opening present value ofdefined benefit scheme liabilities 2,382 2,611
Current service cost 115 148
Interest cost 56 64
Changes in financial &demographic assumptions 840 (309)
Experience (gain) on defined benefit obligations (28) (143)
Estimated
benefits paid net oftransfers		 in (14) (13)
Contributions
by scheme participants		 20 24
Closing present value ofdefined benefit scheme liabilities 3,371 2,382
Reconciliation ofthe o enin
and closin		 balances ofthe fair 2021 2020
value ofthe fund assets
under FRS		 102 6'000 6"000
Opening fair value offund assets 2,285 2,265
Interest on assets 54 56
Return on assets less interest 616 (178)
Other actuarial gains 20
Estimated
benefits paid net oftransfers		 in (14) (13)
Contributions
by employer		 111 111
Contributions
by scheme participants		 20 24
Closing fair value offund assets 3,072 2,285
13 ANALYSIS OFGROUP NET ASSETSBETWEEN FUNDS
Unrestricted Restricted Total
31March 2021 Funds Funds Funds
6
Tangible fixed assets 702,837 702,837
Fixed asset investments 100,000 100,000
Current assets —debtors 60,714 37,773 98,487
Current assets —cash at bank and in hand 222,200 340,882 563,082
Current liabilities (61,681) (57,565) (119,246)
Long-term
liabilities		 (189,001) (189,001)
Net assets at 31March 2021 Q65,069 6321,090 EL156,159

Unrestricted Restricted Total
31March 2020 Funds Funds Funds
6 6
Tangible fixed assets 709,374 709,374
Fixed asset investments 100,000 100,000
Current assets —debtors 24,122 32,139 56,261
Current assets —cash at bank and in hand 265,072 205,775 470,847
Current liabilities (94,112) (103,080) (197,192)
Long-term
liabilities		 (207,039) (207,039)
Net assets at 31March 2020 6797,417 6134,834 f932,251

Unrestricted Restricted
Year ended 31March 2iy20 funds funds Total
E
Income from:
Charitable
activities		 592,890 1,037,784 1,630,674
Donations 5,499 5,499
Investments
Rents receivable 20,002 20,002
Interest receivable 1,764 1,764
Total income 620,155 1,037,784 1,657,939
Expenditure
on:
Charitable
activities		 566,236 944,928 1,511,164
Investment
management
Rental overheads 21,145 21,145
Total expenditure 587,381 944,928 1,532,309
Net income before transfers 32,774 92,856 125,630
Transfers between funds (12,590) 12,590
Net income after transfers 20,184 105,446 125,630
Total funds brought forward 777,233 29,388 806,621
Total funds carried forward 6797,417 6134,834 6932,251

Unrestricted Restricted
Year ended 31March 2020 funds funds Total
Net income as per the Consolidated
Statement ofFinancial Activities 20,184 105,446 125,630
Adjustments
for:
Rents receivable (20,002) (20,002)
Interest receivable (1,764) (1,764)
Rental overheads
payable		 21,145 21,145
Depreciation
charges		 6,621 6,621
Decrease/(increase)
in debtors		 32,036 (15,176) 16,860
(Decrease) in creditors 650 70,189 70,839
Net cash provided by/ (used in)
operating
activities		 58,870 160,459 219,329
Cash flows from investing activities:
Rents received 19,938 19,938
Interest received 1,764 1,764
Rental overheads
paid		 (20,252) (20,252)
Net cash provided
by investing
aclivities 1,450 1,450
Cash flows from financing activities:
Mortgage repayments (17,050) (17,050)
Net cash (used in) financing activities (17,050) (17,050)
Net change in cash 43,270 160,459 203,729
Cash balances brought forward 221,802 45,316 267,118
Cash balances carried forward 6265,072 f205,775 6470,847