REGISTERED NO. 04357179
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED (A company limited by guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
REGISTERED CHARITY NO. 1099395
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| CONTENTS | PAGE |
|---|---|
| Report ofthe trustees | 1-3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Statement of cash flows | 7p |
| Notestothefinancialstatements | 8-15 |
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The board of trustees presents its report together with financial statements for the year ended 31 March 2021 which are also prepared to meet the requirements for a directors’ report and financial statements for Companies Act purposes.
The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 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 2015) as amended by Update Bulletin 1 (effective 1 January 2015).
Reference and Administrative Details
| ManagementCommittee | ManagementCommittee |
|---|---|
| Mr AR Clark |
Chairman |
| Mr M Walker | |
| Mr S Drummond | |
| Mr K H Cranney | |
| Secretary | |
| Mr AR Clark |
|
| Charity number | |
| 1099395 | |
| Company number | |
| 04357179 | |
| Registered office | |
| Kendal Road | |
| Hartlepool | |
| TS25 1QU | |
| Independent Examiner | |
| Davies Tracey | |
| Chartered Accountants | |
| Swan House | |
| Westpoint Road | |
| Teesdale Business Park | |
| Stockton-on-Tees | |
| TS17 6BP | |
| Bankers | |
| Yorkshire Bank plc | |
| 118 York Road | |
| Hartlepool | |
| TS26SDE |
1
BELLE VUE COMMUNITY, SPORTS AND YOUTH CENTRE LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 (continued)
Objectives, activities, achievements and performance
The principal objectives and activities of the charitable company throughout the year were:
(a) To promote for the benefit of the inhabitants of the Belle Vue area and the neighbourhood without distinction of age, sex, sexual orientation, race or of polical, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life of the said inhabitants.
(b) To establish or secure the establishment of a Community Centre and to maintain and manage the same in furtherance of these objects.
The company has continued to develop new sources of core funding as the company has come under increased pressure from reduced government funding. This has resulted in a reduction in the volume of activities offered during the year and a reduction in overhead and running costs of the operation. The company is continuing to look into ways in which operational costs can be reduced as government funding continues to be reduced.
During this year the company has experienced significant periods of closure due to the Coronavirus Pandemic. This has resulted in many of the staff being placed on Furlough to protect jobs. The company has also been supported by Local Authority grants during the closure period.
The company also offered various projects in furtherance of its charitable objectives, to include those described below:
Activity 5-19
This project provides activities 6 days a week over two sessions per night. The sessions provide sport, arts and crafts, lifeskills and general support to guide them into adulthood.
Outreach
This project is designed to develop interventions for young people aged 14 - 16 identified at risk of becoming NEET. Also to develop an Outreach project for young people aged 16 - 19 who are NEET and help support them into further education or training.
YEl
Youth Employment Initiative is a project led by DWP were we provide a training scheme to allow umeployed people to access training and support to gain employment.
Project 85
Project 85 supports the local community with free or low cost food, clothing and household goods. The project also provides advice on benefits and housing costs. The project is linked to other food banks, housing associations and advice clinics across Hartlepool.
The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)'.
2
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 (continued)
Financial results
Net income for the year amounted to £123,671 (2020: Net expenditure £117,763). Total funds at 31 March 2021 amounted to £1,553,418 (2020: £1,429,748).
The company had net current liabilites at 31 March 2021 of £50,088 (2020: £189,069) and was dependent on continued overdraft funding, together with some deferral of amounts owed to creditors, for working capital. The trustees are addressing the fact that the company has inadequate short term resources.
Reserves policy
The trustees have established a policy whereby unrestricted reserves are maintained at a level sufficient to meet management and administration costs for the foreseeable future. The company has not come close to achieving this aim and unrestricted funds are insufficient to meet its obligations in the short to medium term, as unrestricted funds largely comprise the value of the company's premises. The trustees aim is to retain sufficient reserves to fulfill its financial commitments should income generated from core activities cease. The level of reserves are monitored ona weekly basis by the company.
At the balance sheet date total funds were £1,553,418 of which £294,413 related to restricted funds. Of the unrestricted reserves of £1,259,006, £1,632,562 was represented by tangible fixed assets which left free net liabilities of £79,144.
Plans for future periods
The trustees plan to secure further funding so that the charity can continue to provide assistance to the community in accordance with its objectives.
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated on 21 January 2002 and registered as a charity on 11 September 2003. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those Articles, one third of the trustees shall retire and be subject to re-election. The directors of the charitable company are its trustees for the purpose of charity law, and throughout the report are collectively referred to as trustees. The major risks effecting the charitable company have been reviewed and procedures have been established to manage those risks.
The report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
The report was approved by the trustees on wth EAD? .... and is signed on its behaif by:
Mr AR Clark Chairman
3
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BELLE VUE COMMUNITY SPORTS & YOUTH CENTRE LIMITED
| report to the charity trustees on the financial statements for the year ended 31 March 2021 set out on pages 5 to 16.
Responsibilities and basis of report As the charity trustees of the company (and also its directors for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the financial statements of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your company's financial statements as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act'). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement - matters of concern identified Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales, which is oneofthe listed bodies.
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1 accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or 3 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 examination; or 4 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))].
| would draw your attention to the disclosures in note 2 of the financial statements concerning the company's ability to continue as a going concern. For the year ended 31 March 2021 the financial statements show net liabilties of £50,088. | have reviewed post year end financial information including grants and contracts acquired post year end. The company continues to show profits being generated and an improved cash position and reduction in net liabilities.
In connection with my examination, no other matter has come to my attention to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
BancaRay Priestman FCA Boy. 1DateFebomary Jo22. Davies Tracey
Chartered Accountants Swan House, Westpoint Road, Teesdale Business Park Stockton-on-Tees TS17 6BP
4
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | ||
| Note | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £. | ||
| Income | |||||
| Donations and Legacies | 3 | 29,750 | . | 29,750 | 2,645 |
| Charitable activities | 4 | 93,274 | 83,803 | 177,077 | 226,187 |
| Othertrading activities | 3 | 268,665 | . | 268,665 | 371,124 |
| Investment income | 3 | - | - | - | - |
| Total Income | 391,689 | 83,803 | 475,492 | 599,956 | |
| Expenditure | |||||
| Costs of raising funds | 5(a) | 249,132 | - | 249,132 | 558,395 |
| Charitable activities: | |||||
| Project costs | 5(b) | 14,132 | 80,499 | 94,631 | 143,622 |
| Support costs | 5(c) | 8,058 | 8,058 | 15,702 | |
| Total resources expended | 274,322 | 80,499 | 351,821 | 717,719 | |
| Exceptional item | |||||
| Net income/(expenditure) | 120,367 | 3,304 | 123,670 | (117,763) | |
| Tax on activities | - | - | . | - | |
| Gross transfers between funds | - | - | . | 5 | |
| Netmovement in funds | 120,367 | 3,304 | 123,670 | (117,763) | |
| Reconciliation offunds | |||||
| Total funds as at 1 April 2020 | 1,138,639 | 291,109 | 1,429,748 | 1,547,511 | |
| Totalfundsasat31March2021 | 1,259,006 | 294,413 | 1,553,418 | 1,429,748 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing operations.
5
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
BALANCE SHEET AS AT 31 MARCH 2021
Company Registration No. 04357179
| Company Registration No. 04357179 | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 9 | 1,632,562 | 1,647,873 | ||
| Current assets | |||||
| Stocks | 200 | 200 | |||
| Debtors | 10 | 80,099 | 66,370 | ||
| Cash at bank and in hand | - | . | |||
| 80,299 | 66,570 | ||||
| Creditors: amounts fallingdue within one year | 11 | (130,387) | (255,639) | ||
| Netcurrent (liabilities) | (50,088) | (189,069) | |||
| Total assets less current liabilities | 1,582,474 | 1,458,804 | |||
| Creditors: amounts fallingdue after more than | |||||
| one year | 12 | (29,055) | (29,056) | ||
| Netassets | 13 | 1,553,419 | 1,429,748 | ||
| Restricted funds | 14 | 294,413 | 291,109 | ||
| Unrestricted funds | |||||
| General funds | 14 | 1,259,006 | 1,138,639 | ||
| Totalfunds | 14 | 1,553,419 | 1,429,748 |
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year ended 31 March 2021 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and for the preparation of accounts.
The financial statements were approved and authorised for issue by the trustees on TIMIA2O22na are signed on their behalf by:
Mr AR Clark Chairman
6
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021
| Total | Total | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Note | £ | £ | |
| Cash flowsfrom operating activities | 19 | 100,450 | (22,027) |
| Net cash flowfrom Operating Activities | 100,450 | (22,027) | |
| Cashflowfrom investing activities | |||
| Payments to acquire tangible fixed assets | 0 | 0 | |
| NetCash used in investing activities | 0 | 0 | |
| Net increase (decrease) in cash | 100,450 | (22,027) | |
| Cash brought forward | (108,873) | (86,846) | |
| Cashcarriedforwardat31March2021 | (8,423) | (108,873) |
7
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1|Statutory|information|
|Belle|Vue Community,|Sports & Youth|Centre|Limited|is|a|private|company,|limited|by guarantee,|registered|in|
|England|and|Wales.|The|company's|registered|number and|registered|office|address|can|be|found|on|page|1.|
|The|presentation|currency of the|financial|statements|is the|Pound|Sterling|(£).|
|Belle Vue|Community,|Sports &|Youth|Centre|Limited|meets|the|definition|of a|public|benefit|entity.|
|2|Accounting|policies|
|Basis of preparation|of financial|statements|
|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|2015)|-|Charities|SORP|(FRS|102),|the|Financial|Reporting Standard|applicable|
|in|the|UK|and|Republic|of|ireland|(FRS|102)|and|the|Companies|Act|2006.|
|Reconciliation with|previous|Generally Accepted Accounting|Practice|
|In|preparing|the|financial|statements,|the|trustees|have|considered|whether|in|applying the|accounting|policies|
|required|by|FRS|102|and|the Charities SORP|FRS|102|the|restatement|of comparative|items was|required.|
|At the|date|of transition,|there were|no|restatements|of comparative|items|required.|There were no changes|in|
|accounting|policies|resulting|from|adoption|of SORP|(FRS|102).|
|Going concern|
|The|trustees|have|considered|the|charitable|company's|working|capital|requirements|for at|least|
|one year from the|date|of approval|of these financial|statements.|The|charitable company|is,|and|is|
|expected|to|remain,|dependent on|the|support of|its|bankers,|by way of an|overdraft|facility,|
|On|this|basis the|trustees|consider|it appropriate|to|prepare|the|financial|statements|on|the|going|
|concern|basis.|
|Income|
|All|income|is|included|in|the|statement|of financial|activities when|the|charity|is|entitled|
|to|the|income|and|the amount|can|be|quantified|with|reasonable|accuracy. The|following|specific|
|policies|are|applied|to|particular|categories|of income:|
|Voluntary|income|received|by way of grants,|donations|and|gifts|is|included|in|full|in|the Statement|of|
|Financial|Activities|when|receivable.|
|Grants,|including|capital|grants,|where|entitlement|is|not|conditional|on|the|delivery|of a|specific|
|performance|by the|charity,|are|recognised|when|the|charity|becomes|unconditionally|entitled|to the|
|grant.|
|Income from|grants,|where|related|to|performance|and|specific|deliverables|are|
|accounted|for as the|charity|earns|the|right to|consideration|by|its|performance.|
|Income|from|charitable|trading|activity|is|accounted|for when|earned.|
|Donated|services|and|facilities are|included|at|the value|to|the|charity where|this can|be|quantified.|
|Expenditure|
|All|expenditure|is accounted|for on|an|accruals|basis and|has been|included|under|expense|categories|
|that aggregate|all|costs|for allocation|to|activities. Where costs|cannot|be|directly attributed|to|
|particular activities|they|have|been|allocated|on|a|basis|consistent|with|the|use|of the|resources.|
|Costs|of generating|funds|comprise|the|costs|associated|with|the|provision|of management|and|
|educational|services|and|attracting|voluntary|income.|
|Charitable|expenditure|comprises those|costs|incurred|by the|charity|in|the|delivery|of|its|activities|
|and|services for|its|beneficiaries.|It|includes|both|costs that can|be|allocated|directly to such|
|activities|and|those|costs|of an|indirect|nature|necessary|to support them.|Governance|costs|are|
|those|incurred|in|connection|with|administration|of the company|and|compliance|with|constitutional|
|and|statutory|requirements.|
----- End of picture text -----
8
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONT)
Accounting policies (continued)
| Depreciation | |
|---|---|
| Tangible fixed assets are stated atcost lessdepreciation. Depreciation is provided at rates calculated | |
| towrite offthe cost less estimated residualvalue ofeach assetover its expected useful life asfollows: | |
| Freehold buildings | - 2% perannum on cost |
| Computerequipment | - 25% perannum on cost |
| Fitness equipment | - 33.3% perannum on cost |
| Furniture and equipment | - 15% perannum on cost |
| Motorvehicles | - 25% perannum on cost |
| Fixed assets are reviewed for possible impairments on an annual basis. Assets cosing lessthan £200 | |
| arenotcapitalised. |
No depreciation has been provided on freehold land.
Stock Stocks are only held as consumable stores. Stock is valued at the lower of cost or net realisable value.
Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors and provisions
Creditors and provisions are recognised where the charity 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 due.
Leasing and hire purchase commitments Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. If the Management Committee earmark unresticted funds for a particular purpose, such funds are transferred to Designated funds.
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criteria is charged to the fund.
Where a restricted project is completed and the conditions allow, the surplus or deficit on that project is transferred to unrestricted funds.
9
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONT)
3 Income
| Income | ||||
|---|---|---|---|---|
| Total | Total | |||
| Unrestricted | Restricted | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Donationsand Legacies | ||||
| Donationsandgrantsforcorefunding | ||||
| Hartlepool Borough Council | - | - | - | - |
| Hartlepool New Deal ForCommunities | - | - | - | - |
| Otherdonations and voluntary income | - | - | - | 2,645 |
| Activitysessions | - | * | - | - |
| Children and Young People Income | - | - | - | - |
| Staffsecondments | ~ | - | - | - |
| Primary schools | - | - | - | - |
| Business interruption grants | 29,750 | - | 29,750 | - |
| 29,750 | - | 29,750 | 2,645 | |
| 2020 | 2,645 | - | 2,645 | |
| Othertrading activities | ||||
| Useand hire offacilities | 267,885 | - | 267,885 | 364,323 |
| Information technologyservices | - | - | - | - |
| Training courses | - | - | - | 6,801 |
| Advertising | 780 | - | 780 | - |
| 268,665 | - | 268,665 | 371,124 | |
| 2020 | 371,124 | - | 371,124 | |
| Investment income | ||||
| Interest receivable | - | - | - | - |
| 2020 | - | - | - |
The company benefits from the involvement of volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of volunteers is not recognised in the accounts.
4 Income from charitable activities
| Income from charitable activities | ||||
|---|---|---|---|---|
| Total | Total | |||
| Unrestricted | Restricted | 2021 | 2020 | |
| £ | £ | £ | £ | |
| AIMS | 77,231 | - | 77,231 | 74,449 |
| Contracted Services | 16,043 | - | 16,043 | 47,324 |
| COOL | - | - | - | - |
| Activity 5-19 | - | 37,933 | 37,933 | 44,621 |
| NCS | “ | 5 | 2 | : |
| Outreach | - | 37,000 | 37,000 | 42,477 |
| Project 85 | - | - | - | 6,861 |
| ESC Lottery | - | 8,870 | 8,870 | - |
| Healthy Relationships | - | - | 1,955 | |
| YEI | - | - | 8,500 | |
| 93,274 | 83,803 | 177,077 | 226,187 | |
| 2020 | 130,589 | 95,598 | 226,187 |
10
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONT)
5 Expenditure
| 5(a) Costsof raising funds | 2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Staffcosts | 145,956 | 372,992 | |||
| Cateringpurchases | 2,905 | 26,319 | |||
| Trainingcourses | 1,644 | 1,741 | |||
| information technology purchases | = | = | |||
| Running costs | 65,919 | 98,310 | |||
| Motor and travel | - | - | |||
| Communications, computerand printing | 7,712 | 8,624 | |||
| Independent examination | - | - | |||
| Accountancy | - | - | |||
| Fixed asset costs | 20,069 | 20,205 | |||
| Bad debts | 1,404 | 30,204 | |||
| Irrecoverable VAT | 3,523 | - | |||
| 249,132 | 558,395 | ||||
| 5(b)Analysis ofexpenditure oncharitable activities | |||||
| Support | Total | Total | |||
| Direct Costs | Costs | 2021 | 2020 | ||
| Project | £ | £ | £ | £ | |
| AIMS | 15,457 | - | 15,457 | 27,743 | |
| C&Y People | 35,611 | - | 35,611 | 44,516 | |
| Contracted Services | 345 | - | 345 | 16,827 | |
| Healthy Relationships | - | - | - | 648 | |
| YEI | - | - | - | 4,802 | |
| Outreach | 36,219 | - | 36,219 | 42,208 | |
| Project85 | - | - | : | 6,878 | |
| Lottery | 6,999 | - | 6,999 | - | |
| 94,631 | - | 94,631 | 143,622 |
Expenditure on charitable activities was £94,631 (2020: £143,622) of which £14,132 was unrestricted (2020: £52,096) and £80,499 was restricted (2020: £91,526)
5(c) Support costs
| 5(c) Support costs | ||||
|---|---|---|---|---|
| Support | Governance | Total | Total | |
| Costs | Costs | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Independent examination and accountancy services | - | 3,382 | 3,382 | 6,350 |
| Bankcharges | 4,676 | - | 4,676 | 9,352 |
| 4,676 | 3,382 | 8,058 | 15,702 |
11
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONT)
| 6 | Taxation | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Corporation tax | : | - | |
| The charity isexemptfromtax on income and gainsfalling within section 505 oftheTaxes Act 1988 orsection 252 ofthe | |||
| Taxation ofChargeable Gains Act 1992 tothe | extent thatthese are applied to its charitable objects. | ||
| 7 | Net incomingresources fortheyear | ||
| 2021 | 2020 | ||
| £ | £ | ||
| This is stated after charging/(crediting) | |||
| Depreciation -owned assets | 20,069 | 20,205 | |
| Independent examiner's fees | 3,000 | 3,000 | |
| Accountancy services | - | - | |
| 8 | Staffcosts | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Staffcosts were as follows: | |||
| Salaries and wages | 210,247 | 491,859 | |
| Social security costs | 10,490 | 23,366 | |
| 220,737 | 515,225 | ||
| The average number ofemployees duringthe | year, calculated on the basis of fulltime equivalents | ||
| 2021 | 2020 | ||
| No. | No. | ||
| Projectwork | 53 | 43 | |
| Management and administration | 6 | 6 | |
| 59 | 49 |
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
No employee earns more than £60,000 per annum (2020: £60,000)
12
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONT)
| 9 Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Freehold | Fixtures | ||||
| landand | Computer | and | Motor | ||
| buildings | equipment | equipment | vehicles | Total | |
| £ | £ | £ | £ | € | |
| Cost | |||||
| At 1 April 2020 | 1,887,420 | 69,921 | 316,853 | 26,749 | 2,300,943 |
| Additions | - | 1,531 | 3,227 | . | 4,758 |
| Disposals | - | - | - | - | - |
| At 31 March 2021 | 1,887,420 | 71,452 | 320,080 | 26,749 | 2,305,701 |
| Depreciation | |||||
| At 1 April 2020 | 252,071 | 68,355 | 305,895 | 26,749 | 653,070 |
| Charge foryear | 17,749 | 564 | 1,755 | - | 20,069 |
| Disposals | - | - | - | - | - |
| At 31 March 2021 | 269,820 | 68,919 | 307,650 | 26,749 | 673,139 |
| Netbookvalue | |||||
| At31March 2021 | 1,617,600 | 2,532 | 12,430 | . | 1,632,562 |
| At 31 March 2020 | 1,635,349 | 1,566 | 10,958 | - | 1,647,873 |
| 10 Debtors | |||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Trade debtors | 59,327 | 24,728 | |||
| Prepayments and accrued income | 20,772 | 41,642 | |||
| 80,099 | 66,370 | ||||
| 11 Creditors | |||||
| Amountsfallingduewithin oneyear | 2021 | 2020 | |||
| £ | £ | ||||
| Bank overdraft | 8,423 | 108,873 | |||
| Trade creditors | 15,594 | 37,023 | |||
| Othercreditors | - | 28,198 | |||
| Tax and social security | 85,922 | 68,717 | |||
| Accruals and deferred income | 20,448 | 12,828 | |||
| 130,387 | 255,639 |
The bank overdraft is secured on the freehold land and buildings.
13
BELLE VUE COMMUNITY, SPORTS AND YOUTH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONT)
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|||||||||
|---|---|---|---|---|---|---|---|
|12|Creditors|
|Amounts|falling|due|after one year|2021|2020|
|£|£|
|Tax|and|social|security|29,056|29,056|
|29,056|29,056|
|13|Analysis of net|assets|between funds|
|Unrestricted|Restricted|Total|
|general funds|funds|funds|
|£|£|£|
|Tangible|fixed|assets|1,586,896|45,666|1,632,562|
|Current assets|-|168,448|248,747|80,299|
|Current|liabilities|-|130,387|-|(130,387)|
|Non|current|liabilities|-|29,056|-|(29,056)|
|1,259,005|294,413|1,553,418|
|14|Movements|in|funds|
|2021|Transfer|
|As at|Income|Expenditure|between|Asat|
|31/03/2020|funds|31/03/2021|
|£|£|£|£|£|
|Restricted|funds|
|AIMS|(12,019)|-|-|-|(12,019)|
|Children|& young|people|214|-|-|-|214|
|Children's fund|3,846|-|-|-|3,846|
|COOL|38,956|-|-|-|38,956|
|Activity 5-19|33,860|37,933|(37,281)|-|34,512|
|NCS|57,481|-|-|-|57,481|
|ESC|Lottery|-|8,870|(6,999)|-|1,871|
|Playscheme|6,500|-|.|-|6,500|
|Outreach|31,683|37,000|(36,219)|-|32,464|
|Befriend|44,720|-|-|-|44,720|
|FIP|6,189|-|-|-|6,189|
|YEI|24,719|-|-|-|24,719|
|Fitness|Transition|9,294|-|-|-|9,294|
|Training|Transition|-|-|-|-|0|
|NEET Transition|-|-|-|-|0|
|Computer|suite|9,605|-|-|-|9,605|
|CCTV|camera|406|-|-|-|406|
|Building|costs|31,307|-|-|-|31,307|
|Computer|licence|393|-|-|-|393|
|MC equipment|380|-|-|-|380|
|Boiler|aro|-|-|-|3,575|
|291,109|83,803|(80,499)|-|294,413|
|Unrestricted|funds|
|General|funds|1,138,639|391,689|(271,322)|-|1,259,006|
|Total funds|1,429,748|475,492|(351,821)|-|1,553,419|
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14
BELLE VUE COMMUNITY, SPORTS & YOUTH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (CONT)
15 Leasing commitments
At 31 March 2021 the company has commitments under non-cancellable leases as follows:
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|||||||||
|---|---|---|---|---|---|---|---|
|2021|2020|
|Land|and|Land|and|
|buildings|Other|buildings|Other|
|£|£|£|£|
|Within|one year|-|3,811|-|3,811|
|Within|two to|five|years|.|-|-|-|
|After five years|.|-|-|-|
|-|3,811|-|3,811|
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16 Share capital
The company does not have share capital, but every member of the company undertakes to contribute such an amount, not exceeding £10, as may be required to the assets of the company if it should be wound while he is a member or within one year after he ceases to be a member for payments of the debts and liabilities of the company contracted before he ceases as a member and the costs charges and expenses of winding up and for the adjustments of the rights of the contributories among themselves.
17 Trustee expenses and remuneration
No expenses incurred by trustees were reimbursed during the year and no remuneration was paid (2020: nil).
18 Related parties
There have been no related party transactions during the year.
19 Reconciliation of net movement in funds to net cash flow from operating activities
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||||||||
|---|---|---|---|---|---|---|
|2021|2020|
|£|£|
|Net|movement|in|funds|123,670|(117,763)|
|Add|back|depreciation|charge|20,069|20,205|
|Purchase|of fixed|assets|(4,758)|-|
|Decrease|(increase)|in|stock|-|333|
|(Increase)|decrease|in|debtors|(13,729)|42,681|
|(Decrease)|increase|in|creditors|(24,802)|32,517|
|Net cash|used|in|operating|activities|100,450|(22,027)|
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15