This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2021-03-31-accounts

LEGAL AND ADM	LEGAL AND ADM	INI	ST	RATIVE INFORMATION	RATIVE INFORMATION	RATIVE INFORMATION	RATIVE INFORMATION
Name of Charity				Pegswood Community				Hub	Limited
				(formerly Pegswood			Community			Project		Limited)
Registered	Charity	No		1097910
Registered	Company		No	04328999
Directors and Charity				Peter Stonell	(Chair)
Trustees				Anne Arter
				Martin Booth
				John Dobinson
				Thomas Graham		(Vice		Chair)
				Claire Hope
				Kevin Hope
				Margaret Kerswell
				Lee Richardson		(Treasurer)			Appointed		7	February 2021
				Debra Tighe
Secretary				Thomas Graham
Registered	Office			Longhirst Road
				Pegswood
				Northumberland
				NE61 6XF
Independent	Examiner			Richard Alsept	Chartered			Accountant
				16Burlington	Terrace
				Cardiff
				CF5 1GG
Bankers				Cooperative Bank
				PO Box250
				Delf House
				Southway
				Skelmersdale
				WN6 6WT
Solicitors				Sweeney Miller
				Mowbray Villas
				Mowbray Road
				Sunderland
				SR2 7EA

		Page
Trustees Report		1-3
independent Examiners	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements		7 —14

		0es	Unrestricted F	Restricted Funds	2021	2020
Income					f
Donations Charitable Activities			4,810		4,810	14,938
Grants received Rental income Other charitable activities Investment income			33,784 1,131 58 15	2,000	35,784 1,131 58 15	25,081 14,182 22,034
Tote I Income			39,798	2,000	41,798	76,235
Expenditure
Charitable activities			25,276		25276	53,644
Total expenditure			25,276		25,276	53.644
Operational income			14,522	2,000	16,522	22,591
Depreciation charge			5,011	4,007	9,016	~10,075
Net Income I (expenditure)
before transfers			9,511	(2,007)	7,504	12,516
Gross transfers between	funds
Net movement In funds			9,511	(2,007)	7,504	12,516
Total funds brought forward			28,583	28,677	57,280	44,744
Total funds carried forward			38,094	26,670	64,764	57,260

					2021			2020
			Notes
Fixed assets
Tangible	assets					51,109		53,133
Current	assets
Stock				300			1,349
Debtors			5	8,335			504
Cash in hand and at bank				27,202			~3948
				35,837			5,801
Current	Liabilities		6
Creditors	and accruals			2,928			927
Other creditors		and
deferred	income			254			747
				3,182			1,674
Net current assets						32,655		4,127
Creditor:	due after one
year						(19.000)
Net assets						64764		57 266
Funds
Unrestricted Funds			11			38,094		28,583
Restricted	Funds		11			26,670		28,677
Total funds						64,764		57 266

			2021			2020
		Unrestricted	Restricted		Total
		f	f		f
Grant Income
Grants received		33,784	2,000		35,784	25,081
Investment and other	income	25			25	23
Charitable Activities
Donations, fundraising	and
social enterprise Activity fees &other income		4,810 48			4,810 48	34,680 2,269
Rentals and office income		1,131			1,131	14,182
Tote I income		39798	2	890	41 798	79239
3. Expenditure
			2021			2020
		Unrestricted f	Restricted f		Total f
Charitable expenditure
Fundraising and enterprise Activities Building Management and administration Salaries and wages Miscellaneous Depreciation		492 1,265 15,104 3,852 2,790 1,323 5,011		4,007	492 1,265 15,104 3,852 2,790 1,323 9,018	6,455 5,266 18,679 6,934 15,710 10,075
		29,837		4,007	33,844	63,119
Governance
Accountancy fees		450			450	600
Total resources expended		30,287		4,007	34,294	63,719

. Tangible fixed asse	ts
	Property
	&Improv-	Equipment	Fixtures	Cafit	Total
	ements F	f	Fittings f	E
Cost
At 1 April 2020	83,959	30,103	13,121	8,285	135,468
Additions		3,674		3,320	6,994
As at 31 March 2021	83,959	33,777	13,121	11 605	142 462
Depreciation
At 1 April 2020	45,013	23,972	8,245	5,105	82,335
Charge for the year	5,842	1,470	731	975	9,018
8 131 M 0 2021	50 855	25,442	8 976	6,080	91 353
Net Book Value
As at 31 March 2021	33,104	8,335	4,145	5,525	51,109
As at 31 March 2020	38,946	6 131	4,876	3,180	53,133

OTES TO THE FINANCIAL Debtors	STATEMENTS FOR THE	PERIOD ENDE
	2021	2020
Trade debtors	8,335	504
Prepayments
	0 335	504

	. Creditors: amounts	fal	ling due within one year
				2021	2020
	Trade creditors			2,478	387
	Accruals			450	600
	Other creditors and Deferred		Income	254	687
				3,162	~1674
.	Creditors: amounts	falling due after one year
				2021	2020
Bank Bounce Back Loan				19,000
				79,00D

			2021	2020
Salaries,	employer	Nl
and pension costs			2,790	15,710
			2 790	75,77D

The following	grants	were received	for restricted	funds for c	apital purpo	ses during t	he year.
Fund names		Project	Fund	Fund	Incoming	Outgoing	Fund
			balances	transfer	resources	resources	balances
			brought	at 1 April		and	carried
			forward	2020		transfers	forward
Coalfield
Regeneration
Trust		Premises	1,148			172	976
Potland Burn		Premises	3,837			575	3,262
Pegswood	P.C.	Premises	2,833			425	2,408
Freemasons		Premises	522			78	444
Northumberland
CC		Premises	8,407			1,261	7,146
Awards for All Community		Premises	4,010			601	3,409
Foundation		Premises	6,348			360	5,988
Tesco		Premises	722			108	614
Barbour		Premises	850			127	723
NCC Towns	Fund	Computers			2,000	300	1,700
Total Funds			28,677		2,000	4,007	26,670

2. Fund ba	l	ances
			Balance		Incoming	Resources		Transfer	Balance
			1 April		Resources	Expended			31 March
			2020	incl					2021
			transfers
			f		f	F		f	f
Unrestricted	Funds
Management		8
Administration					4,990	9,313		4,323
Core / Covid		grants			23,717			(12,332)	11,385
Premises					5,483	15,104		9,621
Activities and		enterprise	28,583		3,504	5,378			26,709
Fundraising/Donations					2,104		492	1,612
Total			28	583	39798	30	287		38094
Restricted funds
Children/Young		People
Premises
Core / Projects
Capital			28,677		2,000	4	007		26 670
Total			28,677		2 000	4,007			26 670
TOTALFUNDS			57	260	41 798	34	294		64764

3. An	alysis	ofnet asset	s between funds
			Unrestricted	Restricted	Total
			Fundsf	Fundsf
Tangible	Fixed	Assets	24,439	26,670	51,109
Current	Assets		35,837		35,837
Creditors			(22,182)		(22,182)
Total			38,094	26,670	64764