2021-08-31-accounts - The Grand At Clitheroe Ltd

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		Page
Report ofthe Trustees	1	to	6
Report ofthe Independent Auditors	7	to	8
Statement ofFinancial Activities
Statement ofFinancial Position	10	to	11
Statement ofCash Flows		12
Notes to the Statement ofCash Flows		13
Notes to the Financial Statements	14	to	24
Detailed Statement ofFinancial Activities	25	to	27

					2021	2020
				Restricted	Total	Total
				funds	funds	funds
		Notes
INCOME AND ENDOWMENTS	FROM
Donations and legacies			99,760	229,089	328,849	500,119
Charitable activities
Property rental			11,790		11,790	10,740
Other trading activities			12,194		12,194	267,332
Investment income			16		16	395
Total			123,760	229,089	352,849	778,586
EXPENDITURE ON
Raising funds			77,914	54,566	132,480	541,658
Charitable activities
Central premises and administmtion	costs		238,348	63,973	302,321	327,001
Commercial events			3,464		3,464
Youth, schools &community			13,419		13,419	59,736
Solomon project				105	105	216
Total			333,145	118,644	451,789	928,611
NET INCOME/(EXPENDITURE)			(209,385)	110,445	(98,940)	(150,025)
Transfers between funds		18	(460)	460
Net movement in funds			(209,845)	110,905	(98,940)	(150,025)
RECONCILIATION OF FUNDS
Total funds brought forward			4,757,017	5,975	4,762,992	4,913,017
TOTAL FUNDS CARRIED FORWARD			4,547,172	116,880	4,664,052	4,762,992

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f.		f.
FIXEDASSETS
Tangible assets	14	4,599,456	27,527	4,626,983	4,741,346
CURRENT ASSETS
Stocks	15	2427		2,227	1,711
Debtors	16	39,813	651	40,464	22,814
Cash at bank and in hand		28,094	88,701	116,795	166,515
		70,134	89,352	159,486	191,040
CREDITORS
Amounts falling due within one year	17	(122,418)	1	(122,417)	(169,394)
NKT CURRENT ASSETS		(52,284)	89,353	37,069	21,646
TOTAL ASSETSLESSCURRENT	LIABILITIES	4,547,172	116,880	4,664,052	4,762,992
NETASSETS		4,547,172	116,880	4,664,052	4,762,992
FUNDS	18
Unrestricted funds				4,547,172	4,757,017
Restricted funds				116,880	5,975
TOTAL FUNDS				4,664,052	4,762,992

				2021	2020
			Notes	f	f.
Cash flows from operating		activities
Cash generated from operations				(21230)	52,044
Net cash (used in)/provided		by operating activities		(21,230)	52,044
Cash flows from investing		activities
Purchase oftangible fixed	assets			(28,506)	(28,259)
Sale oftangible fixed assets					9,120
Interest received				16	395
Net cash used in investing	activities			(28,490)	(18,744)
Change in cash and cash	equivalents		in the
reporting period				(49,720)	33,300
Cash and cash equivalents		at the beginning of
the reporting period				166,515	133,215
Cash and cash equivalents		at the end	oftbe
reporting period				116,795	166,515

NOTES TOTHE STATEMENT OFCASH FLOWS for the year ended 31August 2021	NOTES TOTHE STATEMENT OFCASH FLOWS for the year ended 31August 2021	NOTES TOTHE STATEMENT OFCASH FLOWS for the year ended 31August 2021	NOTES TOTHE STATEMENT OFCASH FLOWS for the year ended 31August 2021	NOTES TOTHE STATEMENT OFCASH FLOWS for the year ended 31August 2021
RECONCILIATION OFNET EXPENDITURE TO NET CASH FLOW FROM					OPERATING ACTIVITIES
					2021	2020
					E
Net expenditure	for the reporting			period (as per the Statement ofFinancial
Activities)					(98,940)	(150,025)
Adjustments for:
Depreciation charges					142,867	150,400
Loss on disposal of		fixed assets				3,023
Interest received					(16)	(395)
(Increase)/decrease		in stocks			(516)	2,413
(Increase)/decrease		in debtors			(17,650)	19,763
(Decrease)/increase		in cnxlitors			(46,975)	26,865
Net cash (used in)/provided			by operations		(21430)	52,044
ANALYSIS OF	CHANGES		IN NET FUNDS
				At 1/9/20	Cash flow	At 31/8/21
					f
Net cash
Cash at bank and	in	hand		166,515	(49,720)	116,795
				166,515	(49,720)	116,795
Total				166,515	(49,720)	116,795

Freehold	property		2'/o on cost
Leasehold	property	improvements	Over the remaining period ofthe lease
Plant and	machinery		Straight line over 6yaux
Fixtures and fittings			2(P/o on cost
Motor vehicles			2(P/o on reducing balance
Computer	equipment		33'/o on cost

DONATION	S AND LEGACIES
		2021	2020
Gifts		2	2
Donations		14,268	315,419
Grants		314,579	184,698
		328,849	500,119
OTHER TRADING ACTIVITIES
		2021f	2020
Cafe			89,516
Commercial	events	10,079	151,804
Creative learning		2,115	26,012
		12,194	267,332

		for	the year ended 31August 20	21
5.	INVESTMENT	INCOME
				2021	2020
				f	f
	Deposit account interest			16	395
6.	INCOME FROM CHARITABLE ACTIVITIES
				2021	2020
		Activity			f
	Sundry income	Property	rental	11,790	10,740
7.	RAISING FUNDS
	Other trading activities
				2021I	2020
	Staffcosts			48,668	270,002
	Advertising			13,856	22,461
	Events			33,802	109,577
	Food&beverages			549	40,382
	Telephone &internet			2,138	1,949
	Printing, postage	&stationery		1,290	2,893
	Sundries			9	32
	Travelling			180	2,094
	Cleaning			3,553	2,179
	Insurance			7,647	6,863
	Creative learning			1,850	17,854
	Rates and water			3,060	4,749
	Light and heat			8,464	10,052
	Information systems			6,564	7,563
	Staffexpenses				684
	Staffrecruitment	and training		850	588
	Exceptional item	- redundancy			41,736
				132,480	541,658

CHARITABLE ACTI	VITIES CO	STS
				Support
			Direct	costs (see
			Costs	note 9) f	Totalsf
Central premises and administration		costs	219,068	83,253	302,321
Commercial events			3,464		3,464
Youth, schools &community			13,419		13,419
Solomon project			105		105
			236,056	83,253	319,309
SUPPORT COSTS
				Governance
			Management	costsI	Totals I
Central premises and administration		costs	67,916	15,337	83,253
NKT INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
				2021	2020
Auditors' remuneration				4,450	1,675
Auditors' remuneration	for non audit	work		1,750	4,350
Depreciation -owned assets				142,869	150,400
Deficit on disposal offixed assets					3,023

12.	STAFFCOSTS
											2021	2020
												f,
	Wages and salaries										118,250	376,693
	Social security costs										6,898	23,693
	Other pension costs										4,855	13,431
											130,003	413,817
	The average monthly	number of		employees			during		the year was as follows:
											2021	2020
											5	29
	No employees received		emoluments		in	excess		off60,000.
	Total key management		personnel	remuneration				wasf31,382.
	Wages and salaries includes redundancy					payments			amounting	tofnil (2020 - f51,776).
13.	COMPARATIVES	FORTHE		STATEMENT OF FINANCIAL ACTIVITIES
										Unrestricted	Restricted	Total
										funds	fundsf	fundsf
	INCOME AND ENDOWMENTS				FROM
	Donations and legacies									458,827	41,292	500,119
	Charitable activities
	Property rental									10,740		10,740
	Other trading activities									267,332		267,332
	Investment income									395		395
	Total									737294	41,292	778,586
	EXPENDITURE ON
	Raising funds									521,917	19,741	541,658
	Charitable activities
	Central premises and administration Youth, schools 4community				costs					326,461 26,406	540 33,330	327,001 59,736
	Solomon project										216	216
	Total									874,784	53,827	928,611
	NET INCOME/(EXPENDITURE)									(137,490)	(12,535)	(150,025)
	Transfers between funds									(11,055)	11,055

13.	COMPARATIVES FORTHE	COMPARATIVES FORTHE	STATEMENT OF FINANCIAL	STATEMENT OF FINANCIAL	ACTIVITIES - continued	ACTIVITIES - continued
					Unrestricted	Restricted	Total
					funds	funds	funds
	Net movement in funds				(148,545)	(1,480)	(150,025)
	RECONCILIATION	OF FUNDS
	Total funds brought forward				4,905,562	7,455	4,913,017
	TOTAL FUNDS CARRIED FORWARD				4,757,017	5,975	4,762,992
	Total key management	personnel	remuneration	was 833,475.
14.	TANGIBLE FIXED	ASSETS
						Leasehold
					Freehold	property	Plant and
					property	impmvements f	machinery
	COST
	At 1 September 2020				6486,621	394,997	982,009
	Additions						28,506
	At 31August 2021				6486,621	394,997	1,010,515
	DEPRECIATION
	At 1 September 2020				1,624,217	394,997	907,434
	Charge for year				122,999		16,803
	At 31August 2021				1,747,216	394,997	924,237
	NET BOOK VALUE
	At 31August 2021				4,539,405		86,278
	At 31August 2020				4,662,404		74,575

			Fixtures	Fixtures
				and	Motor	Computer
			fittings 8		vehicles I	equipment	Totals 6
	COST
	At 1 September 2020		189,429		23,426	107,989	7,984,471
	Additions						28,506
	At 31August 2021		189,429		23,426	107,989	8,012,977
	DEPRECIATION
	At 1 September 2020		189,429		21,801	105,247	3243,125
	Charge for year				325	2,742	142,869
	At 31 August 2021		189,429		22,126	107,989	3,385,994
	NET BOOKVALUE
	At 31August 2021				1,300		4,626,983
	At 31August 2020				1,625	2,742	4,741,346
	The leasehold pmperty	improvements	relate to short leasehold	property.
15.	STOCKS
						2021f	2020
	Stocks					2,227	1,711
16.	DEBTORS:AMOUNTS FALLING		DUE WITHIN ONE	YEAR
						2021	2020
	Trade debtors					1,902	476
	VAT					13,804
	Prepayments					24,758	22,338
							22,814

					2021	2020
Trade creditors					33,047	24,578
Social security	and other taxes				1,385	17,558
VAT						4,291
Other creditors					3,200	3,599
Accruals and deferred income					84,785	119,368
					122,417	169,394
MOVEMENT	IN FUNDS
				Net	Transfers
				movement	between	At
		At	1/9/20	in funds	funds	31/8/21
			f	f	f,
Unrestricted funds
Working capital	fund	4,757,017		(209,385)	(460)	4,547,172
Restricted funds
Solomon Project			5,975	700		6,675
Children &Youth				23,235	460	23,695
My Skillz				5,000		5,000
Various				5,000		5,000
Skate Park				3,665		3,665
Arts Council Funding				72,845		72,845
			5,975	110,445	460	116,880
TOTAL FUNDS		4,762,992		(98,940)		4,664,052
Net movement	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resoulctn	expended	in funds
						f,
Unrestricted funds
Working capital	fund			123,760	(333,145)	(209,385)
Restricted funds
Solomon Project				805	(105)	700
Children &Youth				30,016	(6,781)	23,235
My Skillz				5,000		5,000
Various				5,000		5,000
Skate Park				5,000	(1335)	3,665
Arts Council Funding				183468	(110,423)	72,845
				229,089	(118,644)	110,445
TOTAL FUNDS				352,849	(451,789)	(98,940)

				Net	Transfers
				movement	between	At
			At 1/9/19	in funds	funds	31/8/20
			f	f	I	f,
Unrestricted funds
Working capital fund			4,905,562	(137,490)	(11,055)	4,757,017
Restricted funds
Solomon Project			2,295	3,680		5,975
Children &Youth				(8,184)	8,184
My Skillz			404		(404)
School radio project			191	(2,687)	2,496
Intergenetational	dance		1,008		(1,008)
The Grab school competition			3,557	(10,837)	7,280
My Skillz Autumn	2018/19			1,343	(1,343)
Various				4,150	(4,150)
			7,455	(12,535)	11,055	5,975
TOTAL FUNDS			4,913,017	(150,025)		4,762,992
Comparative net movement		in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
Working capital fund				737,294	(874,784)	(137,490)
Restricted funds
Solomon Project				3,896	(216)	3,680
Children &Youth				29,246	(37,430)	(8,184)
School radio project					(2,687)	(2,687)
The Grab school competition					(10,837)	(10,837)
My Skillz Autumn	2018/19			4,000	(2,657)	1,343
Various				4,150		4,150
				41,292	(53,827)	(12,535)
TOTAL FUNDS				778,586	(928,611)	(150,025)

				Net		Transfers
				movement		between	At
			At 1/9/19	in funds		funds	31/8/21
Unrestricted funds
Working capital fund			4,905,562	(346,875)		(11,515)	4,547,172
Restricted funds
Solomon Project			2,295	4,380			6,675
Children &Youth				15,051		8,644	23,695
My Skillz			404	5,000		(404)	5,000
School radio project			191	(2,687)		2,496
Intergenemtional	dance		1,008			(1,008)
The Grab school competition			3,557	(10,837)		7,280
My Skillz Autumn	2018/19			1,343		(1,343)
Various				9,150		(4,150)	5,000
Skate Park				3,665			3,665
Arts Council Funding				72,845			72,845
			7,455	97,910		11,515	116,880
TOTAL FUNDS			4,913,017	(248,965)			4,664,052
A current year 12	months	and prior year	12months combined net movement	in funds, included		in the above are as follows:
				Incoming		Resources	Movement
				resources		expended	in funds
				f.		f,
Unrestricted funds
Working capital fund				861,054	(1,207,929)		(346,875)
Restricted funds
Solomon Project				4,701		(321)	4,380
Children &Youth				59,262		(44,211)	15,051
My Skillz				5,000			5,000
School radio project						(2,687)	(2,687)
The Grab school competition						(10,837)	(10,837)
My Skillz Autumn	2018/19			4,000		(2,657)	1,343
Various				9,150			9,150
Skate Park				5,000		(1,335)	3,665
Arts Council Funding				183,268		(110,423)	72,845
				270,381		(172,471)	97,910
TOTAL FUNDS				1,131,435	(1,380,400)		(248,965)

for tbe year ended 3	1August 2021
	2021	2020
INCOME AND ENDOWMENTS
Donations and legacies
Gifts	2	2
Donations	14,268	315,419
Grants	314,579	184,698
	328,849	500,119
Other trading activities
Cafe		89,516
Commercial events	10,079	151,804
Creative learning	2,115	26,012
	12,194	267,332
Investment income
Deposit account interest	16	395
Charitable activities
Sundry income	11,790	10,740
Total incoming resources	352,849	778,586
EXPENDITURE
Other trading activities
Wages	43,653	249,117
Social security	3,182	12,779
Pensions	1,833	8,106
Advcttising	13,856	22,461
Events	33,802	109,577
Food&beverages	549	40,382
Telephone &internet	2,138	1,949
Printing, postage &stationery	1,290	2,893
Sundries	9	32
Travelling	180	2,094
Cleaning	3,553	2,179
Insurance	7,647	6,863
Creative learning	1,850	17,854
Rates and water	3,060	4,749
Light and heat	8,464	10,052
Information systems	6,564	7,563
Staffexpenses		684
Canted forward	131,630	499,334

	for the year ended 3	1August 2021
		2021I	2020
Other trading activities
Brought forward		131,630	499,334
Staffrecruitment	and training	850	588
Exceptional item	- redundancy		41,736
		132,480	541,658
Charitable activities
Wages		12,077	44,348
Social security		859	3,029
Pensions		483	1,774
Rates and water		3,060	4,749
Insurance		7,647	6,863
Light and heat		8,464	10,052
Telephone &internet		2,138	1,949
Printing, postage	&stationery	323	723
Sundries		9	32
Repairs &renewals		45,367	17,436
Cleaning		3,553	2,179
Travelling		180	2,094
Information systems		1,641	1,891
Subscriptions		224	592
Motor expenses		2,054	2,313
Advertising		3,464	5,615
Staffexpenses		547	684
Staffrecruitment	and training	303	588
Health, safety and fire protec tion		796	548
Depreciation offieehold		122,998	122,998
Depreciation ofplant		16,803	16,511
Depreciation offixtures			6,273
Depreciation ofmotor vehicles		325	550
Depreciation ofcomputers		2,741	4,069
Loss on sale oftangible fixed assets			3,023
Exceptional item	- redundancy		1,000
		236,056	261,883
Support costs
Management
Wages		62,520	83,228
Social security		2,857	7,885
Pensions		2,539	3,551
		67,916	94,664
Governance costs
Auditors' remuneration		4,450	1,675
Carried forward		4,450	1,675

	for the year ended 31Au	gust 2021
		2021	2020f
Governance costs
Bmught forward		4,450	1,675
Auditors' remuneration	for non audit work	1,750	4,350
Payroll fees		1,141	2,037
Legal and professional	fees	5,506	9,144
Bank charges		2,490	4,160
Exceptional item - redundancy			9,040
		15,337	30,406
Total resources expended		451,789	928,611
Net expenditure		(98,940)	(150,025)