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2021-07-31-accounts

REGISTERED COMPANY NUMBER: 05516972 (England and Wales) REGISTERED CHARITY NUMBER: 1112485

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

FOR

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

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

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4 to 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 18
Detailed Statement of Financial Activities 19 to 20

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 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 July 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 of the charity are to promote for the benefit of the inhabitants of the southern quarter of Northampton, without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together inhabitants and statutory 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.

The activities of the charity are the hiring of rooms space to individuals, groups or organisations that require space to carry out their own activities for the inhabitants of the southern quarter of Northampton and beyond. The charity also assists in helping local residents to form groups to provide recreation, social and leisure activities for the community.

Public benefit

The trustees have had regard to the guidance on public benefit issued by the Charity Commission, and believe that the activities and aims stated above meet the requirement of being a public benefit.

Page 1

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021

ACHIEVEMENT AND PERFORMANCE

Following being able to re-open to the community, albeit in fits and starts, Far Cotton REC Centre it is still very popular with training courses, conferences and meetings in the week as well as many regular groups including a church on Sundays, dancing lessons on a Monday & Thursday for beginners and intermediates offered by Adult Learning. There are also NHS clinics in our back room. Some groups however have not survived the lockdown, so will not be returning.

We continue to offer a buffet service for meetings, training and have built a reputation for providing good affordable home made food, which has resulted in catering for private functions at both our centres and we have been awarded a 5* rating, and all staff are Level 2 Food Hygiene trained.

Delapre Community Rooms hosts many groups and activities, including dance classes, over 55's group, and we provide a breakfast club and after school club . We continue to work in partnership with Delapre Primary School on various projects.

Squidge Breakfast Club is still well attended with average 40 children a day attending. We have a large menu so the children have a choice of breakfast, so they have a good start to the day. We use a 'walking bus' to get the children to school.

Squidge After School Club is also well attended, with many activities for the children including art and craft, lego, play kitchen, dolls, cars, dressing up and in the good weather we have an outside area, with balls, scooters etc. We use a 'walking bus' to get the children from school to Delapre Community Rooms and the children are given a snack on arrival.

Our pottery room is well used with pottery classes offered twice a week, and we now have a jewellery making group.

In August 2020 we could open to groups again, but then had to close from October to end of November, and again March & April 2021. We were losing 90% of our income. The NHS then asked to continue to hire our rooms to run clinics, and we very happily let them hire both Far Cotton REC Centre and Delapre Community Rooms to bring in some much needed income.

We were able to offer Breakfast & After School Clubs to key worker children still attending school. However, we had to furlough seven staff, but we decided to top up their wages from the amount funded by the furlough scheme to 100%.

We received a letter of thanks from the High Sheriff of Northampton thanking us for the work we were doing, and were awarded a Rose of Northamptonshire Award for our work with families through the pandemic, and the presentation was through Zoom.

No-one knows when or how this will ever return to normal, so we continue on a day to day basis.

FINANCIAL REVIEW Reserves policy

The charity seeks to maintain reserves at a level of 3 to 6 months expenditure.

At the year end total reserves were £10,235 of which £nil was restricted (2020: £43,281 total, of which £11,333 was restricted). During the year a deficit of £33,046 (2020: £20,904) was made.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are recruited from the local community and are elected by the members. Induction is achieved by meeting with the Chair and company secretary and by the supply of accounts and other documentary information.

Page 2

THE SOUTHERN QUARTER DEVELOPMENT LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Organlsatlonal structure Day lo day manÈgement of tharilrf$ xtivit*$ is del￿81￿ to MS L E Ru$sdl. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05516972 (England and Wales) Registered Charity number 1112485 Reglst8rod offlco 10 Templar Drive Northampton NN2 8HS Trustees B J Glynane Ms C E Haynes Mrs J Roff {resigned 28121211 Ms V Cooke {re$igngd 1151211 Mrs L Tew (appoint￿ 1fJ121 } A W Tew lappoinled 1191211 Ms L Tregilgas {8ppointed 119r211 Company Dlrector8 B J Glynane Ms C E Haynés Mrs L E Russell Company Secretary Mrs L E Russell Independent Examin•r DNG Dove Naish LLP Chartered Accountanls Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ This report has been Fyepared in accordance with the swial pyovisions of Part 15 of the Companies Act 2CK)6 relating to small companie5. voved by order of the board oftrustees on...................... ..... ............... and sign&J on ils beha￿ by.. MSCE aynes Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SOUTHERN QUARTER DEVELOPMENT LIMITED

Independent examiner's report to the trustees of The Southern Quarter Development Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 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, I 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 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:

  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)).

I 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.

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SOUTHERN QUARTER DEVELOPMENT LIMITED

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our independent examination work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our independent examination work, for this report, or for the opinions we have formed.

N Fox FCA DNG Dove Naish LLP Chartered Accountants Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ Date: 26 May 2022

Page 5

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
29,969
Other trading activities
3
150,998
Investment income
4
16
Total
180,983
EXPENDITURE ON
Raising funds
Other trading activities
12,199
12,199
Charitable activities
5
Direct
192,990
Management
3,705
Total
208,894
NET INCOME/(EXPENDITURE)
(27,911)
Transfers between funds
16
6,198
Net movement in funds
(21,713)
RECONCILIATION OF FUNDS
Total funds brought forward
31,948
TOTAL FUNDS CARRIED FORWARD
10,235		 Restricted
funds
£
360
-
-
360
5,495
5,495
-
-
5,495
(5,135)
(6,198)
(11,333)
11,333
-		 2021
Total
funds
£
30,329
150,998
16
181,343
17,694
17,694
192,990
3,705
214,389
(33,046)
-
(33,046)
43,281
10,235		 2020
Total
funds
£
41,908
146,449
87
188,444
21,052
21,052
184,250
4,046
209,348
(20,904)
-
(20,904)
64,185
43,281

The notes form part of these financial statements

Page 6

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

BALANCE SHEET 31 JULY 2021

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
12
617
-
CURRENT ASSETS
Debtors
13
29,941
-
Cash at bank and in hand
13,158
-
43,099
-
CREDITORS
Amounts falling due within one year
14
(33,481)
-
NET CURRENT ASSETS
9,618
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,235
-
NET ASSETS
10,235
-
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2021
Total
funds
£
617
29,941
13,158
43,099
(33,481)
9,618
10,235
10,235
10,235
-
10,235		 2020
Total
funds
£
1,091
36,361
34,447
70,808
(28,618)
42,190
43,281
43,281
31,948
11,333
43,281

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

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

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 7

continued...

THE SOUTHERN QUARTER DEVELOPMENT LIMITED BALANCE SHEET- continued 31 JULY 2021 These fina￿181 slatemerrts have been Fryared in accordance with the provis￿nS applicab￿ to charitable mpanies subject to the small Compan￿ regime. The financial statements were aFyoved by th8 B0￿d of Trustees ayl aLthorisgJ for issue on 2QZ.......... we signed on its b8haWty. CEH rLJStee The notes fomi part of these financial statements

THE SOUTHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

1. ACCOUNTING POLICIES

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 presentation currency of the financial statements is the Pound Sterling (£).

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

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

Government grants

Grants received from the Government are included in the Statement of Financial Activities once there is reasonable assurance the charity will comply with the conditions to the grant and the grant will be received.

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.

Fixtures and fittings - 25% on cost Computer equipment - 25% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 9

continued...

THE SOUTHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021

1. ACCOUNTING POLICIES - continued

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.

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.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of financial activities under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the statement of financial activities. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

2. DONATIONS AND LEGACIES

Grants
Grants received, included in the above, are as follows:
Northampton Borough Council
Government Grants - CJRS
Northamptonshire Community Foundation
Other grant providers		 2021
£
30,329
2021
£
1,800
28,169
157
203
30,329		 2020
£
41,908
2020
£
20,000
15,745
6,000
163
41,908

Page 10

continued...

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

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

3. OTHER TRADING ACTIVITIES

Catering income
After school club
Breakfast Club fees
Room hire
Cleaning income
Healthy meals		 2021
£
2,261
12,042
3,222
39,717
9,523
84,233
150,998		 2020
£
5,667
15,768
1,261
50,127
9,084
64,542
146,449

4. INVESTMENT INCOME

Interest receivable
CHARITABLE ACTIVITIES COSTS
Direct
Management
DIRECT COSTS OF CHARITABLE ACTIVITIES
Breakfast club costs
After school club
Healthy meals
Depreciation
Loss on sale of assets		 Direct
Costs (see
note 6)
£
46,035
-
46,035		 2021
£
16
Support
costs (see
note 7)
£
146,955
3,705
150,660
2021
£
1,704
1,200
42,467
529
135
46,035		 2020
£
87
Totals
£
192,990
3,705
196,695
2020
£
2,687
915
34,554
492
-
38,648

5. CHARITABLE ACTIVITIES COSTS

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

Page 11

continued...

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

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

7. SUPPORT COSTS

Management
£
Direct
145,616
Management
3,594
149,210		 Governance
Finance
costs
£
£
-
1,339
111
-
111
1,339		 Totals
£
146,955
3,705
150,660

Support costs, included in the above, are as follows:

Management

Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Rent
Repairs & renewals
Cleaning
Training costs
Finance
Bank charges
Governance costs
Independent Examiners' Remuneration
Legal fees
Interest payable		 2021
Total
Direct
Management
activities
£
£
£
112,694
-
112,694
1,688
-
1,688
837
-
837
513
-
513
1,035
-
1,035
7,895
-
7,895
-
1,935
1,935
-
1,389
1,389
-
-
-
16,838
-
16,838
1,938
-
1,938
2,178
-
2,178
-
270
270
145,616
3,594
149,210
2021
Management
£
111
2021
Direct
£
1,266
40
33
1,339		 2020
Total
activities
£
109,122
1,550
725
918
1,006
6,379
1,876
1,302
680
14,990
7,195
2,157
-
147,900
2020
Total
activities
£
188
2020
Total
activities
£
1,560
-
-
1,560

Page 12

continued...

THE SOUTHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Independent Examiners' Remuneration
Depreciation - owned assets
Deficit on disposal of fixed assets		 2021
£
1,266
529
135		 2020
£
1,560
493
-

Independent examiners' remuneration is made up of the following components of charge:

Fees for independent examination
Fees for statutory accounts preparation		 2021
£
666
600
1,266		 2020
£
810
750
1,560

9. TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

10. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2021
£
112,694
1,688
837
115,219		 2020
£
109,122
1,550
725
111,397

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

2021 2020
Administration 9 10

No employees received emoluments in excess of £60,000.

The total remuneration paid to key management personnel was £27,962 (2020: £26,795).

L Russell is a director of the company, but not a trustee. During the year she was paid, as an employee of the charitable company total remuneration of £27,962 (2020: £26,795), as permitted per the Company's Memorandum of Association, for her role as the manager of the charitable company.

Page 13

continued...

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

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

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
35,745
Other trading activities
146,449
Investment income
87
Total
182,281
EXPENDITURE ON
Raising funds
Other trading activities
13,231
13,231
Charitable activities
Direct
183,431
Management
4,046
Total
200,708
NET INCOME/(EXPENDITURE)
(18,427)
Transfers between funds
(1,658)
Net movement in funds
(20,085)
RECONCILIATION OF FUNDS
Total funds brought forward
52,033
TOTAL FUNDS CARRIED FORWARD
31,948		 Restricted
funds
£
6,163
-
-
6,163
7,821
7,821
819
-
8,640
(2,477)
1,658
(819)
12,152
11,333		 Total
funds
£
41,908
146,449
87
188,444
21,052
21,052
184,250
4,046
209,348
(20,904)
-
(20,904)
64,185
43,281

Page 14

continued...

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

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

12. TANGIBLE FIXED ASSETS

Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 August 2020
29,578
1,678
Additions
-
190
Disposals
-
(250)
At 31 July 2021
29,578
1,618
DEPRECIATION
At 1 August 2020
29,386
779
Charge for year
192
337
Eliminated on disposal
-
(115)
At 31 July 2021
29,578
1,001
NET BOOK VALUE
At 31 July 2021
-
617
At 31 July 2020
192
899
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Trade debtors
22,009
Prepayments and accrued income
7,932
29,941
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Social security and other taxes
855
Other creditors
-
Accruals and deferred income
32,626
33,481		 Totals
£
31,256
190
(250)
31,196
30,165
529
(115)
30,579
617
1,091
2020
£
28,304
8,057
36,361
2020
£
4,448
159
24,011
28,618

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continued...

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

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

15. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
16.
MOVEMENT IN FUNDS
Net
movement
At 1/8/20
in funds
£
£
Unrestricted funds
General fund
31,948
(27,911)
Restricted funds
Music and Arts Fund
11,333
-
Northamptonshire Community
Foundation
-
(5,135)
11,333
(5,135)
TOTAL FUNDS
43,281
(33,046)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
180,983
Restricted funds
Northamptonshire Community
Foundation
360
TOTAL FUNDS
181,343		 2021
2020
£
£
18,290
14,550
11,250
19,800
29,540
34,350
Transfers
between
At
funds
31/7/21
£
£
6,198
10,235
(11,333)
-
5,135
-
(6,198)
-
-
10,235
Resources
Movement
expended
in funds
£
£
(208,894)
(27,911)
(5,495)
(5,135)
(214,389)
(33,046)

Page 16

continued...

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

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

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
Transfers
movement
between
At 1/8/19
in funds
funds
£
£
£
Unrestricted funds
General fund
52,033
(18,427)
(1,658)
Restricted funds
Community link worker
819
(819)
-
Music and Arts Fund
11,333
-
-
Northamptonshire Community
Foundation
-
(1,658)
1,658
12,152
(2,477)
1,658
TOTAL FUNDS
64,185
(20,904)
-		 At
31/7/20
£
31,948
-
11,333
-
11,333
43,281

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

Unrestricted funds
General fund
Restricted funds
Community link worker
Northamptonshire Community
Foundation
TOTAL FUNDS		 Incoming
resources
£
182,281
-
6,163
6,163
188,444		 Resources
Movement
expended
in funds
£
£
(200,708)
(18,427)
(819)
(819)
(7,821)
(1,658)
(8,640)
(2,477)
(209,348)
(20,904)

The restricted funds are for the following purposes:

A grant from Delapre Primary School supports the employment of a community link worker.

A grant from JRB supports music and arts activities for primary school children. The balance on this fund was transferred to the General fund, with the agreement of the original funder, to cover increased costs during Covid.

A grant from Northamptonshire Community Foundation is for providing food parcels, hot dinners and packed lunches during the Covid-19 pandemic.

The transfer from General fund to Northamptonshire Community Foundation fund is due to an overspend on the Northamptonshire Community Foundation fund.

Page 17

continued...

THE SOUTHERN QUARTER DEVELOPMENT LIMITED

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

17. RELATED PARTY DISCLOSURES

There were no related party transaction for the year ended 31 July 2021 and the year ended 31 July 2020.

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THE SOUTHERN QUARTER DEVELOPMENT LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021

INCOME AND ENDOWMENTS
Donations and legacies
Grants
Other trading activities
Catering income
After school club
Breakfast Club fees
Room hire
Cleaning income
Healthy meals
Investment income
Interest receivable
Total incoming resources
EXPENDITURE
Other trading activities
Purchases
Bad debts
Charitable activities
Breakfast club costs
After school club
Healthy meals
Depreciation of tangible fixed assets
Loss on sale of tangible fixed assets
Support costs
Management
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Carried forward		 2021
£
30,329
2,261
12,042
3,222
39,717
9,523
84,233
150,998
16
181,343
14,255
3,439
17,694
1,704
1,200
42,467
529
135
46,035
112,694
1,688
837
513
1,035
7,895
1,935
1,389
-
127,986		 2020
£
41,908
5,667
15,768
1,261
50,127
9,084
64,542
146,449
87
188,444
19,056
1,996
21,052
2,687
915
34,554
492
-
38,648
109,122
1,550
725
918
1,006
6,379
1,876
1,302
680
123,558

This page does not form part of the statutory financial statements

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THE SOUTHERN QUARTER DEVELOPMENT LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021

Management
Brought forward
Rent
Repairs & renewals
Cleaning
Training costs
Finance
Bank charges
Governance costs
Independent Examiners' Remuneration
Legal fees
Interest payable
Total resources expended
Net expenditure		 2021
£
127,986
16,838
1,938
2,178
270
149,210
111
1,266
40
33
1,339
214,389
(33,046)		 2020
£
123,558
14,990
7,195
2,157
-
147,900
188
1,560
-
-
1,560
209,348
(20,904)

This page does not form part of the statutory financial statements

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