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_ (Company number: 4779914) (Charity number: 1099164)
ASHRAM COMMUNITY TRUST
(a charitable company limited by guarantee and not having a share capital)
REPORT OF THE TRUSTEES AND
ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021
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CHARITY COMMISSION
FIRST CONTACT . | .
28 JUL 2021 |
ACCOUNTS
RECEIVED
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(Company number: 4779914)
- (Charity number: 1099164)
ASHRAM COMMUNITY TRUST
(a charitable company limited by guarantee and not having a share capital)
| CONTENTS | |||
|---|---|---|---|
| PAGE | |||
| Trust Information | 1 | ||
| * | |||
| Reportofthe Trustees | 2-4 | ||
| Independent Examiners’ Report | 5 | ||
| Statement ofFinancial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Accounts | 8-14 | ||
| DetailedIncomeandExpenditureAccount | 15 |
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ASHRAM COMMUNITY TRUST (a charitable company limited by guarantee and not having a share capital)
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TRUST INFORMATION
DIRECTORS/TRUSTEES David Dale Helen Davies Lorraine Jones Linda Marshall Ian Parker
COMPANY SECRETARY
Linda Marshall
| REGISTERED OFFICE 31 Budebury Road Staines , | ] Middlesex : TWI18 2AZ | | | REGISTERED COMPANY NUMBER 4779914 | | REGISTERED CHARITY NUMBER 1099164 | | Co-operative Bank plc | BANKERS LloydsTriodos BankBank ple | | , Hart Shaw | INDEPENDENT EXAMINER "Natalie Bracey | EuropaSheffield LinkBusiness Park | Sheffield | S9 1XU
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(Company number: 4779914) + s«-+ (Charity number: 1099164)
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ASHRAM COMMUNITY TRUST (a charitable Company limited by guarantee and not having a share capital)
REPORT OF THE TRUSTEES
The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published in October 2019.
STATEMENT OF DIRECTORS' RESPONSIBILITIES
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The directors are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources, including the net income or expenditure for the year. In preparing those financial statements, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent; ,
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going-concern basis unless it is inappropriate to
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, presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any : time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity's governing documents are the memorandum and articles of association incorporated 29 May 2003.
Trustees are selected from the members of at least two years standing. A potential new trustee will be approached by one of the existing trustees, on the basis of the skills and experience they have to offer, and if prepared to serve their name will be put to the AGM of all members for their approval.
OBJECTIVES AND ACTIVITIES
The Charity's objectives are the promotion of any charitable purposes for the benefit of the community of Sheffield and in such other areas as the Charity may from time to time determine; and in particular the advancement of the Christian religion, _ the advancement of education, the promotion of religious and educational study and research and the publication of the results of all such study and research; and the relief of poverty, sickness, affliction and distress.
In furtherance of the above objectives, but not otherwise, the Charity may exercise the following powers: (i-viii are the standard powers of a charitable company)
(ix) provide facilities for religious fellowship and training.
(x) procure to be written and print, publish, issue and circulate gratuitously or otherwise any reports or periodicals, books, pamphlets, leaflets or any other documents,
(xi) arrange and provide for, or join in arranging and providing for the holding of exhibitions, meetings, lectures and classes, (xii) establish residential communities for persons directly engaged in the furtherance of the purpose of the aforesaid, (xiti) promote, encourage or undertake experimental work.
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(Company number: 4779914)
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(Charity number: 1099164)
ASHRAM COMMUNITY TRUST (a charitable company limited by guarantee and not having a share capital) REPORT OF THE TRUSTEES (continued)
REVIEW OF THE ACTIVITIES OF THE CHARITABLE COMPANY
The trustees have had regard to the Charity Commission’s guidance on public benefit. During the entire year covered by this report, restrictions related to the COVID-19 pandemic prevented the charity operating in its accustomed fashion. Some activities were able to continue in a modified form.
Providing facilities for religious fellowship: The charity held its four national gatherings as usual, while local branches in London, Nottingham, Manchester and Sheffield continued to meet regularly. Most of these meetings were attended by associates and non-members, thus providing a public benefit.
Providing facilities for religious fellowship: The two weekends in May and October, and day meetings in July and February were replaced by video conferences. The branches in London and North-West England continued to meet with approximately the same degree of regularity as previously, also by video conference. From the beginning of June fortnightly gatherings online were started, open to all-comers. This way of operating was disadvantageous to members who were unable to join in, or could only participate via their telephone; conversely members prevented by their geographical location from participating in face-to-face branch meetings were able to take part. Efforts were made to keep in contact by post and telephone with those members that were unable to participate in video conferencing or receive emails. Most of these ‘meetings’ were attended by associates and non-members, thus providing a public benefit.
Meetings, lectures and classes: The Multi-faith Chapel and Library in Burngreave, Sheffield was unable to operate, but a few people were able to participate in the Urban Theology Union Certificate in Theology, Discipleship and Mission funded by scholarships financed by the Charity.
Publications: ‘Jesus the Baker’ was being prepared for publications at the end of the period under review. ‘Jesus the Vegan’ was published at the start of it.
Residential communities: The houses in Sheffield, in Rock Street and in Andover Street, continued to be occupied for this purpose. Work continued on the development of accommodation within the Burngreave complex, but progress was slowed by the pandemic.
Relief of poverty etc.: All members were asked to give a day’s income to the annual appeal, which this year funded donations to the Joliba Trust and the Balmore Trust. These also created a public benefit. No grants were made from the Wider Service Fund and the Community Projects Fund for other charitable purposes outside of the Community, but members continued to contribute to these funds, and it is expected that if normal circumstances return next year further grants will be made.
(Company number: 4779914)
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(Charity number: 1099164)
ASHRAM COMMUNITY TRUST
(a charitable company limited by guarantee and not having a share capital)
. - REPORT OF THE TRUSTEES (continued)
FINANCIAL REVIEW
For the period under review the trust had a Weficit of Expenditure over Income of £1,143, which relates to a deficit’of unrestricted funds amounting to £1,127, and a deficit of £16 of restricted funds. At the year end the trust had unrestricted funds of £405,966 (2020: £407,093) and restricted funds of £4,479 (2020: £4,495).
The Charity’s policy is to maintain a sufficient level of reserves in order to meet the expected annual running costs.
This report has been prepared taking advantage of the small companies exemption in the Companies Act 2006.
The trustees’ report was approved by the Board of Trustees
Lurcle“ Mardhall
Linda Marshall Trustee
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(Company number: 4779914)
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(Charity number: 1099164)
ASHRAM COMMUNITY TRUST (a charitable company limited by guarantee and not having a share capital)
INDEPENDENT EXAMINERS' REPORT
I report to the charity trustees on my examination of the accounts of Ashram Community Trust for the year ended 31st March 2021, which are set out on pages 5 to 14.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1, accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or ,
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)}.
Ihave 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 accounts to be reached. :
AGRE TET Ry’
Natalie Bracey, ACA
Hart Shaw LLP Europa Link Sheffield Business Park Sheffield 89 1XU
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14 July 2021
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(Company number: 4779914) ww eee (Charity number:. 1099164)
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ASHRAM COMMUNITY TRUST (a charitable company limited by guarantee and not having a share capital)
STATEMENT OF FINANCIAL ACTIVITIES
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|FOR THE YEAR TO|31ST MARCH|2021|
|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|Note|Funds|(HoF|u|send|s|&|Funds2021|Funds|(HoF|u|send|s|&|Funds2020|
|Projects)|Projects)|
|INCOME|AND|EXPENDITURE|
|£|£|£|£|£|£|
|INCOME AND|ENDOWMENTS|FROM:|
|Donations|and|legacies|4,285|-|4,285|4,583|-|4,583|
|Charitable|activities|671|2,217|2,888|1,631|1,768|3,399|
|Other trading|activities|-|-|-|-|-|-|
|Investments|26,550|-|26,550|26,948|7|26,955|
|TOTAL|INCOME|2|31,506|2,217|33,723|33,162|1,775|34,937|
|EXPENDITURE|ON|
|Charitable|activities|31,444|2,233|33,677|47,383|2,145|49,528|
|Other|1,189|-|1,189|1,353|-|1,353|
|TOTAL EXPENDITURE|3|32,633|2,233|34,866|48,736|2,145|50,881|
|NET|INCOME/ (EXPENDITURE)|(1,127)|(16)|(1,143)|(15,574)|(370)|(15,944)|
|Transfers|between|funds|-|-|-|-|-|-|
|NET MOVEMENT|IN FUNDS|(1,127)|(16)|(1,143)|(15,574)|(370)|(15,944)|
|TOTAL FUNDS|BROUGHT FORWARD|
|AT|1ST APRIL 2020|407,093|4,495|411,588|422,667|4,865|427,532|
|TOTAL FUNDS|CARRIED|FORWARD|
|AT|31ST MARCH|2021|£|405,966|£|4479|£|410445|<£|407,093|£|4495|£|411,588|
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The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with requirements for an income and expenditure account under the Companies Act 2006.
(Company number: 4779914)
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(Charity number: 1099164)
ASHRAM COMMUNITY TRUST (a charitable company limited by guarantee and not having a share capital)
BALANCE SHEET AS AT 31ST MARCH 2021
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||||
| FIXED ASSETS | |||||||||
| Tangible assets | 5 | 373,596 | 373,596 | ||||||
| CURRENT ASSETS | |||||||||
| , | |||||||||
| Cash at bank and in hand | 6 | 37,689 | 38,772 | ||||||
| Debtors | 7 | : | . | : | |||||
| Tota! Current Assets | . | 37,689 | 38,772 | ||||||
| LIABILITIES | |||||||||
| Amounts fallingdue within one year | 8 | _ | 840 | 780 | |||||
| NETCURRENT ASSETS | 36,849 | 37,992 | |||||||
| TOTALASSETS LESS CURRENT | LIABILITIES | £ 410,445 —————————a |
£411,588 © [eee |
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| ‘THE FUNDS OFTHECHARITY | |||||||||
| Unrestricted income funds | 10 | 405,966 | 407,093 | ||||||
| Restricted income funds | 9 | 4,479 | 4,495 | ||||||
| £ | 410,445 | £ | 411,588 |
_The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 202!. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.
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The trustees' responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. 5
The accounts were approved by the Trustéeson 2th fey 2021 , Loria WM aorholl | Linda Marshall , Trustee
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(Company number: 4779914) (Charity number: 1099164)
ASHRAM COMMUNITY TRUST (a charitable company limited by guarantee and not having a share capital) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
- ACCOUNTING POLICIES
Charity Information
Ashram Community Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is 31 Budebury Road, Staines, Middlesex, TW18 2AZ.
Accounting convention
The accounts have been prepared in accordance with the charity's memorandum and articles of association, the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and “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)” (as amended for accounting periods commencing from 1 October 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Unrestricted Funds
These are funds that are not restricted or endowment funds. There is one unrestricted fund which is the General Fund, as donors give money to the charity on the understanding that it will be used at the discretion of the Trustees to further the work of the charity.
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Restricted Funds
These funds are restricted by the donor(s) for expenditure for different, explicit purposes.
Grants receivable
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Grants are recognised in full in the Statement of Financial Activities in the period in which they are receivable.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
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Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably on an accrual basis, and it is probable that income will be received.
_ (Company number: 4779914)
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(Charity number: 1099164)
ASHRAM COMMUNITY TRUST
(a charitable company limited by guarantee and not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST MARCH 2021
Deferred income
Income received in the year which relates to future performance of an activity or event is considered deferred income, and carried forward to the following year.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Tangible fixed assets and depreciation
Tangible fixed assets over £500 are capitalised. All assets held by the charity are land and buildings, the trustees feel depreciating these assets would not give a true and fair view of their value, therefore no depreciation is charged. This is not in line with the Companies Act 2006.
Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with the charity's bank.
Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
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Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
(Company number: 4779914)
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(Charity number: 1099164)
ASHRAM COMMUNITY TRUST
(a charitable company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS
FOR THE YEAR TO 31ST MARCH 2021 (Continued)
2 INCOME FROM:
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|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|Funds|Funds|Funds|Funds|Funds|Funds|
|2021|2020|2020|2020|
|£|£|£|£|£|£|
|:|DONATIONS|&|LEGACIES|
|Grants|&|donations|559|-|559|997|-|997|
|Members|&|associates|3,726|-|3,726|3,586|-|3,586|
|4,285|-|4,285|4,583|-|4,583|
|CHARITABLE|ACTIVITIES|
|Ashram|Press|124|-|124|-|296|-|296|
|Week-ends|$47|-|547|1,334|-|1,334|
|Wider|service|fund|-|216|216|-|376|376|
|Community|projects|fund|-|637|637|-|518|518|
|Days|income|-|1,364|1,364|-|874|874|
|.|Activities|-|-|-|-|-|-|
|Sundry|income|-|-|-|1|-|||
|671|2,217|2,888|1,631|1,768|3,399|
|INCOME FROM|INVESTMENT|
|Rents|&|room|hire|received|26,541|-|26,541|26,920|-|26,920|
|Investment|income|9|-|9|28|7|35|
|26,550|-|26,550|26,948|7|26,955|
|TOTAL INCOME|31,506|2,217|33,723|33,162|1,775|34,937|
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(Company number: 4779914)
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ASHRAM COMMUNITY TRUST
(a charitable company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS
FOR THE YEAR TO 31ST MARCH 2021 (Continued)
- EXPENDITURE ON:
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|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|Funds|Funds|Funds|Funds|Funds|Funds|
|2021|2020|2020|2020|
|£|£|£|£|£|£|
|CHARITABLE|ACTIVITIES|
|Week-Ends|255|-|255|1,808|1,808|
|Wider|Service|Fund|-|-|-|-|
|Community|Projects|Fund|-|"oe|-|1,050|1,050|
|Days|Income|-|1,933|1,933|295|295|
|Premises|alterations & equipment|5,544|-|5,544|18,361|18,361|
|Publications/Publicity/Printing|214|-|214|619|619|
|Rent|-|300|300|300|300|
|Rates &|water|rates|10,673|-|10,673|10,801|10,801|
|Utilities|7,060|-|7,060|7,091|7,091|
|Insurance|6,376|-|6,376|5,931|5,931|
|Telephone|-|-|-|518|518|
|Activities|302|-|302|154|500|654|
|Sundry|expenses|1,020|-|1,020|2,100|2,100|
|31,444|2,233|33,677|47,383|2,145|49,528|
|OTHER|
|Independent|Examiner's|fee|864|-|864|816|-|816|
|Administration|16|-|16|130|-|130|
|Printing,|postage &|stationery|309|-|309|407|:|407|
|1,189|-|1,189|1,353|-|1,353|
|TOATAL EXPENDITURE|32,633|2,233|34,866|48,736|2,145|50,881|
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(Company number: 4779914) ____ (Charity number: 1099164)
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ASHRAM COMMUNITY TRUST
(a charitable company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS
FOR THE YEAR TO 31ST MARCH 2021 (Continued)
4 STAFF AND TRUSTEES The average number of staff in the year, who were all trustees was 5 (2020: 5). No trustees received any wages, salaries or payments for expenses in the year to 31 March 2021 (2020: £nil).
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| 5 | TANGIBLE FIXED ASSETS | |||||||
|---|---|---|---|---|---|---|---|---|
| Land& | ||||||||
| COST | Buildings | Total | ||||||
| At IstApril 2019 | ; | 373,596 | 373,596 | |||||
| Addition | - | - | ||||||
| Disposals | - | - | ||||||
| At 31stMarch 2020 | 373,596 | 373,596 | ||||||
| DEPRECIATION | ||||||||
| At IstApril 2019 and 31stMarch2020 | 2020 | - | - | |||||
| NETBOOKVALUE | SO | |||||||
| At 31st March 2020 | £ | 373,596 | £ | 373,596 | ||||
| At 31stMarch 2019 | £373,596 | £ | 373,596 | |||||
| 2021 | 2020 | |||||||
| Property: | £ | £ | ||||||
| 82 and 84 Spital Hill | 80,536 | 80,536 | ||||||
| 347 Glossop Road | 35,000 | 35,000 | ||||||
| 80& 86 Spital Hill | 76,671 | 76,671 | ||||||
| 77 Rock Street | 20,000 | 20,000 | ||||||
| 79 Rock Street | ; | 84,397 | 84,397 | |||||
| 6Andover Street | 76,992 | 76,992 | ||||||
| £ | 373,596 | £ | 373,596 | |||||
| 6 | CASHATBANKAND INHAND | 2021 | 2020 | |||||
| £ | £ | |||||||
| ACT Lloyds Accounts | 14,562 | 13,436 | ||||||
| ACTCo-op Accounts | 4,356 | 4,356 | ||||||
| ACT TriodosAccount | 389 | 2,185 | , | |||||
| Ashram Centre, Sheffield - Current | 1,594 | 1,722 | ||||||
| Ashram Centre, Sheffield - Deposit | 264 | 2,864 | ||||||
| Ashram PressAccount | 2,046 | 2,147 | ||||||
| Burngreave Ashram - Current | 5,022 | 5,684 | ||||||
| Burngreave Ashram - Deposit | 4,606 | 1,105 | ||||||
| Rock Street - Current | 1,670 | 2,518 | ||||||
| Rock Street -Deposit | - | - | ||||||
| Andover Street | 3,180 | 2,755 | ||||||
| £ | 37,689 | £ | 38,772 |
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(Company number: 4779914) (Charity number: 1099164)
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ASHRAM COMMUNITY TRUST (a charitable company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS
FOR THE YEAR TO 31ST MARCH 2021 (Continued)
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| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 7 | DEBTORS | £ | £ | |||||||
| Prepayments and accrued income | - | |||||||||
| £ | - | £ | - | |||||||
| . | 2021 | 2020 | ||||||||
| 8 | CURRENT LIABILITIES | £ | £ | |||||||
| ) | ||||||||||
| Amounts falling due within one year | ||||||||||
| Accruals | 840 | 780 | ||||||||
| £ | 840 | £ | 780 | |||||||
| 9 | RESTRICTED FUNDS - 2021 | |||||||||
| Balance Ist April 2020 |
Movement in Resources Incoming Outgoing |
Balance 31stMarch 2021 |
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| £ | £ | £ | £ | |||||||
| CommunityFunds | ||||||||||
| Days Income | 579 | 1,364 | 1,933 | 10 | ||||||
| CommunityProjects Fund | 199 | 637 | - | 836 | ||||||
| Wider Service Fund | 847 | 216 | - | 1,063 | ||||||
| Burngreave Multifaith | 700 | - | 300 | 400 | ||||||
| Interfaith | 2,170 | - | - | 2,170 | ||||||
| £ | 4,495 | £ | 2,217 | £ | 2,233 | £ | 4,479 |
Days Income - Members contribute annually a Day's income towards a project, normally overseas, as decided by the Community Meeting, where an amount of up to £1,000 would make a difference.
Community Projects Fund - Funded through membership giving, donations are given to local community projects or initiatives that members are involved with, as agreed by the Community Meeting. Wider Service Fund - The members who contribute to this fund decide on the recipients. It supports people, inside and outside of the Community, who are in situations that are in need of financial help.
Burngreave Multifaith - Money generated by the Burngreave Multi-faith project is used for local Sheffield
Interfaith - Members can apply to this fund to support Interfaith projects with which they are involved.
(Company number: 4779914)
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(Charity number: 1099164)
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ASHRAM COMMUNITY TRUST
(a charitable company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS
FOR THE YEAR TO 31ST MARCH 2021 (Continued)
9(a) RESTRICTED FUNDS - 2020
| 9(a) | RESTRICTED FUNDS - 2020 | RESTRICTED FUNDS - 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Balance | Balance | |||||||
| IstApril | Movement in Resources | 31st March | ||||||
| 2019 | Incoming | Outgoing | 2020 | |||||
| £ | £ | £ | £ | |||||
| Days Income | - | 874 | 295 | 579 | ||||
| Community Projects Fund | 731 | 518 | 1,050 | 199 | ||||
| Wider Service Fund | 47] | 376 | - | 847 | ||||
| Burmgreave Multifaith | 1,000 | - | 300 | 700 | ||||
| Interfaith | 2,663 | 7 | 500 | 2,170 | ||||
| £ | 4,865 | £ | 1,775 | £ | 2,145 | £4,495 | ||
| 10 | NETASSETS BETWEEN FUNDS - 2021 | |||||||
| Unrestricted | Restricted | Total | ||||||
| Funds | Funds | |||||||
| £ | £ | £ | ||||||
| Tangible fixed assets | 373,596 | - | 373,596 | |||||
| Net current assets | 32,370 | 4,479 | 36,849 | |||||
| £ | 405,966 | £ | 4,479 | £ | 410,445 | |||
| 10(a) | NETASSETSBETWEENFUNDS- 2020 | |||||||
| Unrestricted | Restricted | Total | ||||||
| Funds | Funds | |||||||
| ‘ | £ | £ | £ | |||||
| Tangible fixed assets | 373,596 | - | 373,596 | |||||
| Net current assets | 33,497 | 4,495 | 37,992 | |||||
| £ | 407,093 | £ | 4,495 | £ | 411,588 |
-
RELATED PARTY TRANSACTIONS There were no disclosable related party transactions during the year (2020: none).
-
~ (Company number: 4779914) (Charity number: 1099164)
15
' : :
ASHRAM COMMUNITY TRUST (a charitable company limited by guarantee and not having a share capital)
.
;
| DETAILED INCOME AND | DETAILED INCOME AND | DETAILED INCOME AND | DETAILED INCOME AND | EXPENDITURE ACCOUNT | EXPENDITURE ACCOUNT | EXPENDITURE ACCOUNT | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FOR THE YEARTO31ST | MARCH 2021 | ||||||||||||||
| COMMUNITY FUNDS | HOUSES | PROJECTS | |||||||||||||
| Ashram Community Trust Unrestricted |
Ashram Community |
Ashram Trust Centre Restricted } Shefficld |
Rock Street Sheffield |
Andover Street Sheffield |
Burngreave Ashram Shefficld |
[Burngreave |
Multifaith |
Restricted | Ashram Press |
||||||
| £ | £ | £ | £ | £ | £ | £ | £ | £ | |||||||
| INCOMING RESOURCES | |||||||||||||||
| Rents& room hire received | - | - | . | 2,629 | 3,456 | 20,456 | : | - | 26,542 | ||||||
| Donations and grants | - | - | 559 | - | - | - | - | - | 559 | ||||||
| Members& Associates | 3,726 | - | - | . | - | - | - | - | 3,726 | ||||||
| Investment income | 7 | - | 1 | - | - | 1 | - | - | 9 | ||||||
| Ashram Press | - | - | - | - | - | - | - | 124 | 124 | ||||||
| Week-Ends | 547 | - | . | - | - | - | - | - | 547 | ||||||
| Wider Service Fund | - | 216 | - | - | . | - | - | - | 216 | ||||||
| Community Projects Fund | . | 637 | - | - | - | . | - | - | 637 | : | |||||
| Days Income | - | 1,364 | - | - | : | - | - | . | 1,364 | ||||||
| Activities | - | - | - | - | - | - | - | - | : | ||||||
| Sundry Income | - | : | : | - | : | : | : | : | - | ||||||
| 4,280 | 2,217 | 559 | 2,629 | 3,456 | 20,457 | - | 124 | 33,723 | |||||||
| Funds transfer between branches | - | - | - | 1,800 | - | - | - | - | 1,800 | ||||||
| Funds transfer from current accounts | 5,800 | : | . | - | - | 6,000 | - | . | (1,800 | ||||||
| Funds transfer fromdeposit accounts | 2,344 | - | 2,600 | - | - | 2,500 | - | - | 7,444 | ||||||
| TOTAL INCOMING | |||||||||||||||
| RESOURCES | 12,424 | 2,217 | 3,159 | 4,429 | 3,456 | 28,957 | : | 124 | 54,767 | ||||||
| CHARITABLE ACTIVITIES | |||||||||||||||
| Week-Ends | 255 | - | - | - | - | - | - | - | 255 | ||||||
| Wider Service Fund | - | - | - | - | - | - | - | - | - | ||||||
| Community Projects Fund | . | - | . | - | . | . | . | . | - | ||||||
| Days Income | - | 1,933 | - | - | - | _ - |
- | - | 1,933 | ||||||
| Premises alterations and equipment | - | - | 175 | 1,290 | 1,360 | 2,719 | - | - | 5,544 | ||||||
| Publications/Publicity/Printing Rent |
- | 64 | : - |
- - |
- - |
- - |
. - |
- 300 |
150 . |
214 300 |
|||||
| Rates& water rates | - | - | 1,763 | 2,200 | 1,301 | 5,408 | - | - | 10,673 | ||||||
| Utilities Insurance |
- 1,344 |
- - |
44 1,230 |
805 908 |
- 371 |
6,211 2,523 |
- - |
- - |
7,060 6,376 |
||||||
| Telephone | - | - | - | - | - | - | - | - | - | ||||||
| Activities | 144 | - | - | : | - | 158 | : | - | 302 | ||||||
| Sundryexpenses | 800 | - | : | - | - | 220 | : | : | 1,020 | ||||||
| 2,607 | 1,933 | 3,212 | 5,203 | 3,032 | 17,240 | 300 | 150 | 33,676 | |||||||
| Funds transfer between branches | 1,800 | - | - | - | - | - | - | - | 1,800 | ||||||
| Funds transfer to current accounts | 6,144 | - | 2,600 | : | - | 2,500 | - | - | 11,244 | ||||||
| Funds transfer to deposit account | 2,000 | - | - | - | - | 6,000 | - | - | 8,000 | ||||||
| 42,551 | 1,933 | 5,812 | 5,203 | 3,032 | 25,740 | 300 | 150 | 54,720 | |||||||
| , | |||||||||||||||
| GOVERNANCE COSTS | |||||||||||||||
| Independent examiners fee | 564 | - | 75 | 75 | - | 75 | . | 75 | 864 | ||||||
| OTHERRESOURCES EXPENDED | - | ||||||||||||||
| Administration Printing,postageand stationery |
13 309 |
: : |
- - |
- : |
- : |
3 : |
- - |
- : |
16 309 |
||||||
| 322 | : | _ | : | : | 3 | - | 5 | 326 | ~ | ||||||
| TOTALEXPENDITURE | 13,437 | 1,933 | 5,887 | 5,278 | 3,032 | 25,818 | 300 | 225 | 55,910 | ||||||
| EXCESS OF INCOME | |||||||||||||||
| OVEREXPENDITURE | |||||||||||||||
| FORTHE YEAR | (1,013) | 284 | (2,728) | (849) | 425 | 3,139 | (300) | (0) | (1,143) | ||||||
| Brought forward |
April 2020 | 16,181 | 3,795 | 4,586 | 2,518 | 2,755 | 6,089 | * | 700 | 2,147 | 38,772 | ||||
| Balanceat31March2021 | 15,168 | 4,079 | 1,858 | 1,670 | 3,180 | 9,228 | 400 | 2,046 | 37,628 |