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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 4754607 (England and Wales)

REGISTERED CHARITY NUMBER: 1100266

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

BROCKWORTH LINK

Andorran Limited 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GL51 9TX

BROCKWORTH LINK

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Statement of Financial Position 7
NotestotheFinancialStatements 8 to 15

BROCKWORTH LINK

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021

TRUSTEES

Ms N J Walsh Chair Mr M P Nadin Vice-Chair Mr A Chakravarty (resigned 5.5.21) Mrs G Comley Mrs V Rock Mr M J Dickson (resigned 26.6.21) Mr MS Couzens Mrs J 1G Shirley (resigned 15.2.21) Mr A Casey

COMPANY SECRETARY

Mr M P Nadin

REGISTERED OFFICE Brockworth Library Moorfield Road Brockworth Gloucester Gloucestershire GL3 4EX

REGISTERED COMPANY NUMBER

4754607 (England and Wales)

REGISTERED CHARITY NUMBER

1100266

INDEPENDENT EXAMINER

Andorran Limited 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GL51 9TX

Page 1

BROCKWORTH LINK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives for which Brockworth Link is established were updated in the change to the Articles of Association that was passed in July 2018. The charity is established to significantly contribute to the social and economic development of Brockworth by providing a community-based library and education centre, advice and support services for disadvantaged members of the community and a positive meeting place and support centre for young people. Its objectives are:

The benefit area is primarily the civil parish of Brockworth, the wider county of Gloucestershire and surrounding areas. Public benefit In planning Brockworth Link's activities for the year the trustees kept in mind the Charity Commission's guidance on public benefit. The focus of the charity's activities during the year, which explains the delivery by the charity of public benefit, is set out below under ‘Achievement and performance’ and above under ‘Objectives and activities’.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

2020-2021 has been a challenging year for Brockworth Link, where we have tried to continue to play a role in the community of Brockworth whilst maintaining a position of financial stability under difficult circumstances. It has become increasingly obvious that the global pandemic would have a considerable and long-term effect on our charity. We endeavoured to maintain our position of forward-looking progress, and where possible, moved into areas of improvement.

Whilst we maintained our financial stability, we took the opportunity to provide continuing, if limited, services to our customers, support our work staff, sustain our charity and looked forward to future achievements. Our 4 core staff - Monica Constantinescu, our General Manager, Anne Fuller, our Library Manager, Becki Babbage and Debbie Harwood, our Youth Admin and Youth Lead - are responsible for the day to day administration and running of the charity.

There are a number of highlights worth mentioning:

Page 2

BROCKWORTH LINK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

Investment policy and objectives

Due to the relatively low level of funds available for investment, the trustees consider that bank deposits provide a satisfactory return to the charity. There were no surplus funds available during the year.

Reserves policy

The Management Committee has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure.

Budgeted revenue expenditure for 2021-22 is in the order of £90,000.

Due to the provision of Covid 19 support grants, our year end reserves are higher than usual (£116,119) and cover more than 12 months of expenditure. With the upcoming library refurbishment and continued challenges of Covid 19 we do not expect reserves to remain at this level. We are hoping that our courses will return in-house and we also hope to return to full service availability. FUTURE PLANS A 3-year business plan was agreed pre Covid and we are constantly working to make that plan a reality, with regular meetings taking place throughout the year. Significant housing development in Brockworth will bring both challenges and opportunities in the coming years. Securing long-term revenue funding remains a priority. We are currently working with architects and designers with a view to completely refurb our library. The refurbishment is a major project for the charity. As well as providing much better facilities and services for the existing residents of Brockworth, it will also create provision for new inhabitants who will be living in Perrybrook, the major new housing development in Brockworth.

We are extremely excited to be working with our architects and construction company to achieve a result.

first class

As ever, we face the future with confidence and ambition.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is constituted as a company limited by guarantee and therefore has no share capital. In the event of the company being wound up and the liabilities and winding up expenses being in excess of assets, the liability of each member is limited to £1. The Project's governing document is its Memorandum and Articles of Association dated 19 May 2003 and updated July 2018.

Recruitment and appointment of new trustees

Details of officers and advisers are given on page 1 of this report. The power to appoint new trustees is vested in existing trustees.

Changes in trustees

Mrs J Shirley resigned asa trustee in the year.

Mr M Dickson resigned asa trustee in June 2021.

Weare sad to note.that Mr Chakravarty passed away in May 20271.

Organisational structure

In accordance with the Articles of Association, Brockworth Link is directed by an Executive Committee comprising a Chair, Vice Chair, Treasurer, Secretary, and such other Honorary Officers as the charity shall decide. The Executive Committee meets monthly.

Page 3

BROCKWORTH LINK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The trustees actively review the major risks which the charity faces on a regular basis and carry out reviews of the controls over key financial systems. The trustees have also considered other financial, operational and business risks faced by the charity, especially the raising of relevant funding and the maintenance of adequate reserves, and confirm that systems have been established to mitigate, as far as possible, any significant risks.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of Brockworth Link for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 21 September 2021 and signed on its behalf by:

WiWwolh

Ms N J Walsh - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROCKWORTH LINK

Independent examiner's report to the trustees of Brockworth Link (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's 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, | report in respect of my examination of your charity's accounts 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 | 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

  3. 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)).

| 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 accounts to be reached.

21 September 2021

Page 5

BROCKWORTH LINK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

31.3.21 31.3.20
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ 2 £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 43,739 - 43,739 964
Charitable activities 4
Charitable 39,873 57,527 97,400 73,242
Other trading activities 3 3,824 - 3,824 16,198
Total 87,436 57,527 144,963 90,404
EXPENDITURE ON
Raising funds 5 2,823 - 2,823 901
Charitable activities 6
Charitable 17,057 53,828 70,885 79,422
Total 19,880 53,828 73,708 80,323
NET INCOME 67,556 3,699 71,255 10,081
RECONCILIATION OF FUNDS
Total funds broughtforward 48,563 38,362 86,925 76,844
TOTALFUNDSCARRIEDFORWARD 116,119 42,061 158,180 86,925

The notes form part of these financial statements

Page 6

BROCKWORTH LINK

STATEMENT OF FINANCIAL POSITION 31 MARCH 2021

31.3.21 31.3.20
Unrestricted — Restricted Total Total
funds funds funds funds
Notes £ E a a
FIXED ASSETS
Tangible assets 13 10,450 27,108 37,558 27,333
CURRENT ASSETS
Debtors 14 12,658 - 12,658 1,966
Cash at bank and in hand 94,583 14,953 109,536 62,690
107,241 14,953 122,194 64,656
CREDITORS
Amounts falling due within one year 15 (1,572) - (1,572) (5,064)
NET CURRENTASSETS 105,669 14,953 120,622 59,592
TOTAL ASSETS LESS CURRENT
LIABILITIES 116,119 42,061 158,180 86,925
NETASSETS 116,119 42,061 158,180 86,925
FUNDS 17
Unrestricted funds 116,119 48,563
Restricted funds 42,061 38,362
TOTALFUNDS 158,180 86,925

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 21 September 2021 and were signed on its behalf by: (i

Ms N J Walsh - Trustee

The notes form part of these financial statements

Page 7

BROCKWORTH LINK

  1. ACCOUNTING POLICIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity relies on external funding to meet its day-to-day cash requirements and to fund _ its charitable activities. Whilst levels of available funding have been decreasing in recent years, the trustees are confident that their efforts to secure new funding sources are being rewarded, with several new income streams in place for the next couple of years The trustees have considered the cash flow needs of the charity for a period of more than twelve months from the date of approval of these financial statements and conclude that, despite the uncertainties that exist, particularly with regard to the effects of the current coronavirus pandemic, the charity should be able to generate sufficient funding going forward in order to enable it to provide planned services for the foreseeable future. Consequently the trustees consider it appropriate to prepare these financial statements on the basis that the charity is a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property Computer equipment

_

Taxation

The charity is exempt from corporation tax on its charitable activities. It is not, however, exempt from VAT, and irrecoverable VAT is included in the cost of those items to which it relates.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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BROCKWORTH LINK

  1. ACCOUNTING POLICIES - continued

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2:

2: DONATIONS AND LEGACIES DONATIONS AND LEGACIES
31.3.21 31.3.20
£ £
Covid 19 Support Grants 43,550 -
Donations 189 964
43,739 964
3 OTHER TRADING ACTIVITIES
31,3:21 31.3.20
£ £
Course fees 745 5,706
Other income 3,079 10,492
3,824 16,198
4. INCOME FROM CHARITABLE ACTIVITIES
31.3.21 31.3.20
Grants Activity
Charitable		 £
97,400		 £
73,242
Grants received, included in the above, are as follows:
31.3.21 31.3.20
E £
Tewkesbury Borough Council 58,132 27,000
Brockworth Parish Council 12,973 7,663
Gloucestershire County Council 12,500 11,367
Big Lottery Fund 9,999 250
Active Glos 988 -
Police and Crime Commission 750 -
Henry Smith Trust - 10,000
7 Stars Foundation - 6,300
Dydimus Foundation - 5,000
Xerox Foundation - 2,000
Morrisons Foundation - 1,500
Co-op Local Community Fund - 1,162
Langtree Trust - 500
Rotary Trust - 500
Coronavirus Job Retention Scheme grant 2,058 -
97,400 73,242

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BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021

5. RAISING FUNDS
Other trading activities
31.3.21 31.3.20
£ £
Purchases 2,823 901
6. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7) note 8) Totals
£ £ £
Charitable 69,465 1,420 70,885
7; DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.21 31.3.20
7 £
Staff costs 42,416 39,416
Rent, rates.and utilities 3,268 4,928
Insurance 1,346 1,346
Telephone 2,184 1,561
Stationery, postage & supplies 180 1,321
Sundries 2,834 680
Contracted services 2,464 14,950
Maintenance & repairs 5,012 6,634
Bank charges 186 314
Equipment purchase & hire 306 402
IT & website 95 151
Youth activities 81 942
Depreciation 9,093 5,697
69,465 78,342
8. SUPPORT COSTS
seine wanteccice= = Governance
costs
£
Charitable 1,420
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.21 31.3.20
£ £
Depreciation-ownedassets 9,093 5,697

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BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

11. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.21 31.3.20
Administration staff 8 8
No employees received emoluments in excess of£60,000.
12. _COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 775 189 964
Charitable activities
Charitable 37,000 36,242 73,242
Othertrading activities 16,198 - 16,198
Total 53,973 36,431 90,404
EXPENDITURE ON
Raising funds 901 - 901
Charitable activities
Charitable 46,584 32,838 79,422
Total 47,485 32,838 80,323
- NET INCOME 6,488 3,593 10,081
Transfers between funds 3,481 (3,481) boo
Net movement in funds 9,969 112 10,081
RECONCILIATION OF FUNDS
Total funds broughtforward 38,594 38,250 76,844
TOTALFUNDSCARRIEDFORWARD 48,563 38,362 86,925

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BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021

13. TANGIBLEFIXED ASSETS

Improvements
to Computer
property
7s		 equipment
£		 Totals
£
COST
At1 April 2020
Additions		 44,733
9,560		 28,680
9,758		 73,413
19,318
At 31 March 2021 54,293 38,438 92,731
DEPRECIATION
At 1 April 2020 18,622 27,458 46,080
Charge for year 5,429 3,664 9,093
At 31 March 2021 24,051 31,122 55,173
NET. BOOK VALUE
At 31 March 2021 30,242 7,316 37,558
At 31 March 2020 26,111 1,222 27,333
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Trade debtors 1,133 620
Prepayments 11,525 1,346
12,658 1,966
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
; ; £ £
Trade creditors 36 3,596
Social security and other taxes 339 275
Other creditors 177 173
Accrued expenses 1,020 1,020
1,572 5,064

16. SECURED DEBTS

Tewkesbury Borough Council has a legal charge over the leasehold property that the charity occupies for its activities.

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BROCKWORTH LINK

  1. MOVEMENT IN FUNDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

MOVEMENT IN FUNDS
Net
movement At
At 1.4.20 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 48,563 67,556 116,119
Restricted funds
Youth Services
Capital Equipment		 4,915
15,867		 (2,453)
21,681		 2,462
37,548
Library Services
IT Classes		 15,300
2,280		 (13,249)
(2,280)		 2,051
-
38,362 3,699 42,061
TOTAL FUNDS 86,925 71,255 158,180
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 87,436 (19,880) 67,556
Restricted funds
Youth Services 8,711 (11,164) (2,453)
Capital Equipment 29,316 (7,635) 21,681
Library Services 19,500 (32,749) (13,249)
IT Classes - (2,280) (2,280)
57,527 (53,828) 3,699
TOTAL FUNDS 144,963 (73,708) 71,255
Comparatives for movement in funds
Net Transfers
movement between At
At 1.4.19 in funds funds 31.3.20
£ £ £ £
Unrestricted funds
General fund 38,594 6,488 3,481 48,563
Restricted funds
Youth Services 250 4,665 - 4,915
Capital Equipment 22,050 (2,702) (3,481) 15,867
Library Services 13,670 1,630 - 15,300
IT Classes 2,280 - - 2,280
38,250 3,593 (3,481) 38,362
TOTALFUNDS 76,844 10,081 - 86,925

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BROCKWORTH LINK

  1. MOVEMENT IN FUNDS - continued

  2. CONTINGENT LIABILITIES

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021

Comparative net movement in funds, included in the above are as follows:

----- Start of picture text -----
|||||| |---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|53,973|(47,485)|6,488| |Restricted|funds| |Youth|Services|17,480|(12,815)|4,665| |Capital|Equipment|850|(3,552)|(2,702)| |Library|Services|18,101|(16,471)|1,630| |36,431|(32,838)|3,593| |TOTAL|FUNDS|90,404|(80,323)|10,081|

----- End of picture text -----

Details of Restricted Funds

Youth Services - Funding for staff costs and expenses for Brockworth Youth Club (known as B-Epic and run under the umbrella of Brockworth Link), other youth activities and offsite events.

Capital Equipment - Funding for library improvements and IT equipment. Assets purchased with this funding are either capitalised as fixed assets and the subsequent depreciation charged against this fund or charged direct against the fund where the expenditure is not capitalised.

Library Services - Funding for operational costs to provide local community library services, including an IT suite for public use, and for extended library opening hours.

IT Classes - Funding to provide IT classes for the residents of Brockworth within the charity's premises.

Various funders retain the right to claw back grants should the use of the funds not be in accordance with the terms of the grant. In the opinion of the trustees no such liability exists at the year-end.

CAPITAL COMMITMENTS

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |31.3.21|31.3.20| |£|gE| |Contracted|but|not|provided|for|in|the|financial|statements|166,006|-|

----- End of picture text -----

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BROCKWORTH LINK

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

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