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← Ackroyd Community Association

2021-03-31-accounts

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Company registration number: 04396054 Charity registration number: 1097160

Ackroyd Community Association (A company limited by guarantee)

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Annual Report and Financial Statements . for the year ended 31 March 2021

Contents

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|||Page| |---|---| |Referenceand administration details|{| |Trustees! annual report|2-6| |Independent examiner's report|7| |cnn°financlalactivities|8| |Balance sheet|9| |Notestotheaccounts|40-19|

Ackroyd Community Association (Limited by Guarantee)

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Reference and administrative details

Charityname AckroydCommunityAssociation AckroydCommunityAssociation
Charitynumber 1097160
Companynumber 04396054
Principal address AckroydCommunityCentre
Ackroyd Road
London
SE23 1DL
Reglstered office Neptune House
70 Royal Hill
Greenwich -
SE10 8RF
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Trustees Pauline Morrison — Chair
Deirdre Mason-— Vice Chair
Barbara Brooker— Treasurer
Jean Leader ,
Rita Nears
Ahmad Saeed
Alan Till ;
David Musitwa
Diana Musitwa
Independent examiner Field Sullivan Limited
70 Royal Hill
Greenwich
SE10 8RF
Bankers Barclays Bank plc
Lewisham Branch
93 Lewisham High Street
London
SE136BB

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Ackroyd Community Association

The board of trustees are the charity's trustees as well as directors of Ackroyd Community Association Ltd. This gives them legal responsibility for the Association and for setting the strategic direction of the organisation. The trustees are dedicated volunteers, recruited from our local community. We are always ACAhappyTrustees to hear from.are electedpeople annuallywith skillsat andits AGM commitmentin October. who can offer their expertise to the organisation. The

ACA Trustees for 2020-2021 are as follows:

Pauline Morrison — resigned chair position Nov 21 Deirdre Mason — elected as chair Nov 21 Barbara Brooker — Treasurer Jean Leader Rita Nears Ahmad Saeed Alan Till David Mustiwa ~ removed as trustee Jan 22 Diana Mustiwa - removed as trustee Jan 22

The day to day running of the community centre is undertaken by paid members of staff, including a Centre Administrator, two EPSP Project workers and a caretaker who are supported by volunteers from the local community.

Structure governance and management

The Ackroyd Community Association (“ACA”) is a charitable company limited by guarantee, registered as a charity and Incorporated on 15 March 2002. The constitution (Articles of Association) comprise the governing documents for the charity by establishing the objects and the membership for the charity , in the event of the charity being wound up, embers are required to contribute an amount not exceeding £1. We are actively recruiting trustees with skills to enhance our committee.

Ackroyd Community Association (AGA)

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Ackroyd Community Association (ACA) has been delivering services to the local community since 1977 when due to high community demand, local residents and the Local Authority set up a community Centre. The centre has continued to grow and evolve over the years to cater for local need and continues to benefit from strong local support.

ACA’s mission statement Is: ‘to provide quality and affordable services to the local community’.

ACA delivers this objective by supporting community cohesion and community development though the provision of a physical community hub at the Ackroyd Community Centre, which provides a regular home to community services and activities of benefit to the needs of all sections of the local community.

The Ackroyd Community Centre benefits from having a number of long-term resident user-groups based at the centre who provide activities in the following areas:

The Ackroyd Centre is based in the Crofton Park ward and is used predominantly by the local community living In Crofton Park, Honor Oak Park and Forest Hill; however people from across the Borough of Lewisham use the centre. The Ackroyd Centre provides hall space, meetings rooms, office space, an outdoor play area, a kitchen and dining area which are all used on a daily basis by our resident usergroups. The Centre hosts Young Oaks Nursery, Acorn, After-school Club, Breakfast Club Holiday Scheme, play and learning activities and parent and carer support groups. This enables a number of individual, but holistic services for children and families to coexist at one community hub, promoting partnership working and accessibility by the community to various complementary community services under one roof, ACA

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also directly delivers a wide programme of community services for the over 55's at the centre through Its management of the Elder People’s Support Project.

Due to there being a significant number of local resident user-groups using the Ackroyd Centre on a dally and weekly basis, the centre currently operates almost at full occupancy, but with any free space at the centre available for the local community for hire for meetings, classes, community activities and fundraiser events and children's parties.

Management of the Ackroyd Community Centre

The Centre continues to run smoothly thanks to Sarah and Kerry's hard work and space is fully booked by user groups, We have spent significant sums of money on maintaining the building to keep it in good condition for the future with the installation of new gas fires for the main hall, also the hall has been redecorated and the outside area cleared. We also had a new intercom security system installed maintaining security at the centre.

Elder Peoples Support Project (EPSP)

Due to the pandemic the Elder Peoples Support Project was not operational, but maintained contact with members via What's app and a telephone befriending service. The staff was unfortunately furtoughed for a time but returned part furloughed when restrictions were lifted and some activities could resume. The project Is now building up the membership numbers and the activities are attracting healthy numbers again. The Association sincerely thanks all those organisations and Individuals, which have funded, supported and otherwise helped the Ackroyd centre to be and to achieve during the difficult period of 2020-21and looks forward to your continuing support in the year ahead.

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London Borough of Lewisham

Main grants funding from the Community and Cultural Development Division for more information visit www.lewisham.gov.uk.

Public Benefit

The directors confirm that they have compiles with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

Ackroyd Community Assoclation promotes growth and sustainability of third sector enterprise by supporting several resident organisations with subsidised rent and by providing guidance and signposting to training and best practice.

The subsidies with Ackroyd Community Association applies to user group rents, like Acorn children’s club enable these groups to offer childcare services to families at a more affordable rate, thereby supporting parental access to work and education.

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The Crofton Park Ward Community Development officer operates under the wing of the Centre and regularly attends meeting of partner and stakeholder organisation to build and consolidate social capital in the area.

The work of ACA’s Elder Peoples Support Project (“EPSP”) falls into three main strands: well-being, education and soclal. EPSP provides about 450 sessions a year. For many EPSP members, these activities help ensure their positive mental and physical well-being, reducing loneliness and isolation, so allowing them to age weil, while supporting both national and local government commitment to promote healthy lifestyle.

Reserves Policy

The directors committee of the Ackroyd Community Association has a reserves policy of maintaining reserves to cover three month anticipated expenditure, including wages, utilities costs etc. This is currently achieved, with free reserves amounting to £36,492 at the year end.

Risk assessment

The directors committee has undertaken an assessment of the risks faced by the organisation.

Future funding, pensions obligations, strength of the directors committee and pressure on staff were seen as key areas of risk, these risks were seen as being manageable and a schedule of review of the mitigation measures agreed will be maintained as before.

COVID 19

During the year the charity's activities have been adversely affected by the outbreak of COVID 19, As a result the charity has had to temporarlly close Its office and has taken advantage of the Government's furlough scheme, and |s confident that it will continue its activities once the outbreak has been contained,

Statement of Trustees’ Responsibilities

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The trustees (who are also the directors of Ackroyd Community Association for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its Incoming resources and application of resources, including Its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keaping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial positlon of the charitable company and 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,

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Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006, :

Dieeretpe (reread ern

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Pe Pauline Morrison,

Trustee

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FrI Independent Examiner's Report fo the Trustees of Ackroyd Community Association | report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of Ackroyd Community Association (‘the charitable company’) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that | might state to the charity's trustees those maiters | am requlred to state to them in this report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions | have formed.

Responsibilities and basis of report

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As the trustees of the charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companles Act 2006 (‘the 2006 Act’).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, | report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charitles Act 2011 (‘the 2011 Act’) and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2071 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover ail the matters that an auditor considers in giving thelr opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently | express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner's statement.

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Independent examiner's statement

; | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

~ the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and falr view which is not a matter considered as part of an independent examination; or

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report in order to enable a proper understanding of the financlal statements to be reached.

TimothyField Sullivan LimitedSullivan FCA Chartered Accountants Neptune House 70 Royal Hill London SE10 8RF

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Date: 2424,V4
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Field Sullivan Limited Registered in England no. 8024052

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Ackroyd Community Association (Limited by Guarantee)

Statement of Financlal Activities (including Income and Expenditure Account) For the year ended 31 March 2021

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, Unrestricted Restricted Restricted Total funds Unrestricted Restricted Totalfunds
Income
Donatlonsand legacles
Charitable activities
Othertrading activities
investments		 Notes
3
4
5
6		 funds
£
24,296
29,918
-
114		 funds
£
47,004
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-
-
-		 2021
£
71,300
29,918
-
114		 funds
£
20
51,487
-
66		 _ funds
£
25,795
19,858
5,175
-		 2020
£
25,815
71,345
5,175
66
Total Income 54,328 47,004 101,332 51,573 50,828
Expenditure:
Ralsingfunds
Charitable activities		 7 -
54,280		 -
47,171		 -
101,451		 -
63,218		 -
75,278		 -
138,496
Totalexpenditure 64,280 47,171 101,454 63,218 75,278 138,496
Net Income/(expenditure) before
transfers		 48 . ( 167) (119) (11,645) (24,450) (36,095)
Transfer between funds - - - - - -
Netmovement Infunds 48 (167) (119) (11,648) (24,450) (36,095)
Reconelllatlon offunds
Totalfunds broughtforward 47,855 28,836 76,691 59,500 53,286 112,786
Total funds carried forward 47,903 28,669 76,572 47,855 28,836 76,697
—————————$—$ _ SES ===[=—=—$<$$$———————
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The statementoffinancial activities Includes all gains and losses recognised In the year. All . :
incomeandexpenditurederives fromcontinuingactivities.

The statement of financlal activites complies with the requirements for an income and expenditure account under the Companies Act 2006,

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The notes on pages 10-19 form part of thase accounts,

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Ackroyd Community Association . (Limited by Guarantee)

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Balance Sheet
As at 31 March 2021
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Balance Sheet
As at 31 March 2021
. Note 2021 2020
Fixed assets
TangibleAssets 10 1,411 766
Current assets
Debtors 11 5,776 3,266
Cash atbank and In hand 81,580 89,660
87,356 92,926
Liabitities:
Creditors: Amount failing due within one year		 12 ——_— ( 12,195) ——_— ( 17,001)
Netcurrent assets/ (liabilities) 75,164 75,925
Net assets 76,572 76,691
The funds ofthe charity:
Restricted Income funds		 28,669 28,836
Unrestricted Incomefunds
Designated funds 40,000 10,000
General reserve 37,903 37,855
ee ee
Totalcharityfunds 14 76,572 76,691

The charity Is entitled to the exemption from the audit requirement contained In section 477 of the Companies Act 2006, for the year ended 31 March 2021, No member of the charity has deposited a notice, pursuant to section 476, requiring an audit of these accounts. The directors acknowledge thelr responsibilities for complying with the requirements of the Act with respect to accounting records and.the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

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The notes on pages 10-19 form part of these accounts.

The accounts were approved by the Board on Z5/02 /.[202d]

Letpnretnk SIAse PETIRPRE MASON
Trustee Name
Charity Reglstration No. 4097160
CompanyRegistrationNo. 4396054

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Ackroyd Community Association (Limited by Guarantee)

Notes to the financial statements for the year ended 31 March 2021.

4 Statutory information Ackroyd Community Associationis a charitable company, limited by guarantee, registered in England and Wales number 04396054, charity number 1097160,

The charitable company's registered office address Is:

charitable company's registered office address Is: ; Neptune House, 70 Royal Hill, London, SE10 8RF. The charitable company's principle place of business business |s: Ackroyd Community Centre, Ackroyd Road, London SE23 1DL. The functional currency is sterling. . Accounting policies Basis of preparation The financial statements have been prepared in accordance with Accounting and Statement of Recommended Practice applicable to charities preparing their the Financial Reporting Standard applicable in the UK and Republic of Ireland January 2019) - (Charities SORP (FRS 102) - Second edition October 2019), Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply Act 2006 and Charities Act 2011. Assets and liabllities are initially recognised at historical cost or transaction transaction value the relevant accounting policy note(s). ,

2 Accounting policies

2.1 Basis of preparation The financial statements have been prepared in accordance with 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 2019) - (Charities SORP (FRS 102) - Second edition October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. Assets and liabllities are initially recognised at historical cost or transaction transaction value unless otherwise stated in the relevant accounting policy note(s).

2.3 Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern, The charitable company can comfortably operate based on confirmed funding with sufficient reserves. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. The charitable company is exempt from preparing a cashflow statement under the small entity provisions within S1A of FRS102.

2.4 Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the trustees are required to make Judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the perlods in which the estimate is revised where ravisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

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Ackroyd Community Association (Limited by Guarantee)

Notes to the financial statements for the year ended 31 March 2021: continued 2.5 Income

Income is recognised when the charity has entitlement to the funds, any performance conditlons attached to the Income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Where donations and grants are restricted to future accounting periods or have Imposed conditions before the charity has entitlement, they are deferred and recognised In those future accounting perlods. Grants for immediate financial support and assistance, or to reimburse costs previously Incurred, are recognised immediately.

Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this Is normally upon notification of the interest paid or payable by the bank.

2.7 Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated and are available for use at the trustees’ discretion in furtherance of the charitable objectives.

Designated funds are unrestricted funds set aside at the discretion of the trustees for specific purposes.

2.8 Expenditure and basis of apportioning costs

Expenditure Is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis with the Irrecoverable element of VAT Included with the item to which it relates and has been classifled under headings that aggregate all costs related to the catagory. Expenditure Is classified under the following activity headings:

Raising funds: Costs of raising funds relate to the costs incurred by the charitable company In inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose

Charitable activites: Expenditure on charitable activities includes the costs of delivering services and activities to beneficiaries and their associated support costs and other activities undertaken to further the purposes of the charity.

2.9 Tangible fixed assets and depreciation

The charitable company operates a policy of capitalising fixed asset items costing over £350. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. The principal annual rates used for this purpose are:

Office and kitchen equipment

25% on cost

2.10 Leasing and hire purchase commitments

Rentals payable are charged to the Statement of Financial Activitles on a straight line basis over the term of the lease.

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Ackroyd Community Association (Limited by Guarantee)

Notes to the financlal statements for the year ended 31 March 2021: continued

2.11. Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments. The trustees seek to use short term deposits to maximise the return on monies held at the bank and to manage cash flow.

The charitable company only has financial assets and financial Ilabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 Creditors and provisions

Creditors and provisions are recognised where the charitable company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts dus.

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Ackroyd Community Association (Limited by Guarantee)

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Notes to the financial statements for the year ended 31 March 2021: continued

3 Donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
2021 2020
London Borough ofLewisham 10,000 41,305 51,305 - 25,333 25,333
CJRS Grant 14,296 - 14,296 - - -
Positive Ageing Council - - - - - .
Appeals and donations - 5,699 5,699 20 462 482
Total 24,296 47,004 «= 74,300 20 «25,795 «25,815
Income from charitable activities
)
Unrestricted Restricted Total Unrestricted Restricted Total
2021 2020
£ £
Rental income
Other		 29,918
-		 -
-		 29,918
-		 51,487
-		 ~
19,858		 51,487
19,858
29,918 - 29,918 51,487 19,858 71,345

4 Income from charitable activities

5 Income from othertrading trading activities
. Unrestricted Restricted Total Unrestricted Restricted Total
2021 2020
£ £
Fundraising - . - . 5,175 5,175
ee
6 Income from investments
Unrestricted Restricted Total Unrestricted Restricted Total
2021 2020
£ £
Interestreceivable . 114 ” 114 66 - 66

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Ackroyd Community Association (Limited by Guarantee)

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Notes to the financial statements for the year ended 31 March 2021: continued

7 Analysis ofexpenditure Charitable activitles Charitable activitles
Costofraising
Activitycosts
funds		 Support
2020
costs
2021 Total
Total
£ £ £
“
£
Staffcosts
Communitydevelopment
Grants payable
Activities, lunches,trips
Rent, rates, insurance
Light, heat, power
Repairs, renewals
Cleaning
Telephone, internet		 -
-
-
-
-
-
-
-
-		 41,040
-
17,038
630
1,406
5,207
15,992
{2,363
-		 -
41,040
39,140
-
-
15,816
-
17,038
14,960
-
630
16,750
-
1,406
3,571
-
5,207
6,477
-
15,992
13,772
-
12,363
17,989
1,349
1,349
1,543
Leasing charges
Administration
Depreciation
Other costs
Accountancy
Independent examination		 -
-
-
-
-
-		 +
-
507
-
-
-		 -
.
-
2,346
2,346
3,661
-
_
507
110
228
228
803
625
625
1,557
2,720
2,720
2,347
Raising funds - - -
-
Total expenditure 2021 ———— - 94,183
7,268
101,451
138,496
Eee
,
Unrestricted Restricted
Ofthe total expenditure: 2021 £ 54,280 £47,171
2020 £63,218 £75,278
Analysis ofexpenditure ~prioryear comparative Charitable activities
Costofraising
Activitycosts		 Support
funds costs
2020 Total
£ £ £
£
Staffcosts - 39,140 -
39,140
Communitydevelopment
Grantspayable
Activities, lunches, trips
Rent, rates, Insurance
Light, heat, power
Repairs, renewals
Cleaning
Telephone, internet		 -
-
-
-
-
-
-		 15,816
14,960
16,750
3,571
6,477
13,772
17,989
-		 -
15,816
-
14,960
-
16,750
-
3,571
-
6,477
-
13,772
-
17,989
1,543
1,543
Leasing charges
Administration
Depreciation
Othercosis		 -
-
-
-		 -
-
110
-		 -
-
3,661
3,661
-
110
803
803
Accountancy
Independentexamination		 -
-		 -
-		 1,657
1,557
2,347
2,347
Raising funds - - “
-
Totalexpenditure 2020 -
————————		 128,585
ll		 9,911
138,496
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Ackroyd Community Association (Limited by Guarantee)

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Notes to the financlal statements for the year ended 31 March 2021: continued

8 Net income forthe year
2021
The net income for the year Is stated aftercharging: £ £
Independent Examination 2,720 2,347
9 Staff costs
Staffcosts during the yearwere: 2021 2020
£ £
Salaries and wages 39,964 38,136
Social Security costs - -
Employer's contribution to defined contribution pension schemes 1,076 1,004
41,040 39,140
Number ofemployees
The average monthly number of employees during the yearwas:
2021 2020
Charitableactivities 3 3

There were no employees whose annual remuneration was £60,000 or more (2020 - nil).

The key management personnel of the charitable company are the trustees, who do not recelve renumeration (2020 - nil).

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Notes to the financial statements for the year ended 31 March 2021: continued

10 Tangible fixed assets

Fixtures, fittings&equipment fittings&equipment
£
Cost:
At 1 April 2020
Additions		 53,052
1,152
At31 March 2021 54,204
Depreciation:
At 4 April 2020
Depreciation in theyear		 52,286
507
At 31 March 2021 52,793
Net book value:
At 31 March 2021 1,411
At 31 March 2020 766
11 Debtors 2021 2020
Duewithinoneyear: £ £
Trade debtors - 1,314
Accrued Income and prepayments 5,776 1,952
5,776 3,266
ES —
12 Creditors ;
Amounts falling due within one year: 2021 2020
£ £
Trade creditors
Soclal Securityand othertaxes
Pension
Accruals
Deferred income		 6,546
36
209
5,404
-		 . 2,378
94
-
5,029
9,500
12,195 17,001
a rt ——

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Notes to the financial statements for the year ended 31 March 2021: continued

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||||||||| |---|---|---|---|---|---|---|---| |13|Analysis|of net assets|between funds| |2021| |Unrestricted|funds|Restricted|funds|Total|funds| |£|£|£| |Fund|Balances|at 31|March|2021|are|represented|by:| |Tangible|Fixed Assets|1,411|-|1,411| |Current Assets|58,687|28,669|87,356| |Creditors:|Amounts|falling|due|within| |one|year|(|12,195)|-|(12,195)| |Total|net|assets|47,903|28,669|76,572| |Analysis|of|net|assets|between|funds|- prior year comparative| |2020| |Unrestricted|funds|Restricted|funds|Total|funds| |£|£|£| |Fund Balances|at 31|March|2020|are|represented|by:|.| |Tangible|Fixed Assets|766|-|766| |Current Assets|54,590|38,336|92,926| |Creditors: Amounts|falling|due|within| |one year|(7,501)|-|(9,500)|(17,001)| |Total net assets”|47,855|28,836|76,691|

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Notes to the financial statements for the year ended 31 March 2021: continued

14 Movement infunds 4 April2020
£		 Incoming
£		 Outgoing
£		 Transfers
31 March2021
£
£
Restricted funds
Community development project
Crofton ParkWard Assembly
ElderPeopleSupportProject		 (5,699)
400
34,135
ern		 22,739
-
24,265		 ( 17,038)
-
(30,133)		 -
2
-
400
-
28,267
Total restricted Funds 28,836 47,004 (47,171) -
28,669
———— eo
Unrestricted funds:
Designated funds
Maintenancefund		 10000 19,000
General funds 37,855
54,328
( 54,280)
-
37,903
neaaS
CTE
Total unrestricted funds 47,855
§4,328
nnn		 (54,280) -
47,903
TIPO
Totalfunds 76,691
——		 101,332
OO		 (101,451)
OO		 "om
76,572
eons
Movement In funds -prioryearcomparative comparative
1April2019		 Incoming Outgoing Transfers
31 March 2020
£ £ £ J€
£
Restricted funds
Communitydevelopmentproject
Crofton ParkWardAssembly
ElderPeople SupportProject		 13,716
400
39,170		 11,361
-
39,467		 (30,776)
-
(44,502)		 -
(5,699)
_
400
-
34,135
eNO
Total restrictedFunds 53,286
50,828
———————————————		 (75,278) -
28,836
oe
Unrestricted funds:
Designated funds
Maintenance fund		 10,000 - - -
10,000
Generalfunds 49,500 51,573 (63,218) -
37,855
Totalunrestricted funds 59,500 51,573 (63,218) -
47,855
a
Totalfunds 112,786 102,401 (138,496) -
76,691
————————— rl———————————————
.

Purposes of restricted funds: Elder People's Support Project - EPSP provides activities for over 55s in the local area. We have always kept EPSP funds separate from ACA funds with separate bank accounts, although it Is an ACA project. London Borough of Lewisham granted the EPSP project £20,960 in the year (2020 - £13,973) and £3,305 for a Dementia Project.

Community development project - ACA administers a grant to fund Community development tn the Crofton Park Ward. The work is managed by a number of groups working on the task collaboratively. The grant this year amounted to £22,739 (2020 - £11,361).

Purpose of designated funds:

Maintenance fund - we no longer receive a grant from London Borough of Lewisham towards running the building. This fund was created to meet future repairs and renewals to the building that can't be met from general funds,

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Ackroyd Community Association (Limited by Guarantee)

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Notes to the financial statements for the year ended 31 March 2021: continued

15 Transfers between funds

The trustees have madea transfer from General funds to Community development project to more accurately reflect the expenditure directly on the project.

16 Taxation

The charitable company is registered as a charity and all of its Income falls within the exemptions under Part 11 of the Corporation Tax Act 2010.

17 Related parties

There are no related party transactions to disclose for 2021 (2020: none).

There are no donations from related partles which are outside the normal course of business and no restricted donations from related parties.

18 Trustees

None of the trustees (or any person connected with them) received any remunerations from the charity during the year. No reimbursements were made to trustees In 2021 (2020 -nil) for travelling and other expenses and no payments were made direct to third parties.

19 Pension and other post-retirement benefit commitments
Defined contribution 2021 2020
£ £
Contributions payable bythe company forthe year 4,007 1,004
;
———————~~qX—&X&K——Ex=_>==

At 31 March 2021 pension Ilability of £209 was outstanding, pald in April 20214 (2020 -nil).

20 Contingent assets or liabilities

There are no contingent assets or liabilities at March 2021 (2020 -nil).

21 Liability of members Ackroyd Community Association is a company limited by guarantee and has no share capital. In the event of the company being wound up, the liability of the members is limited to £1 each.

22 Ultimate controlling party

The charitable company was under the control of the trustees during the period under review. There is no single ultimate controlling party.

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