REGISTERED COMPANY NUMBER.. 05516972 (England and Wales) REGISTERED CHARITY NUMBER: 1112485 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 FOR THE SOimlERN QUARTER DEVELOPMENT LIMITED
THE SOUTHERN QUARTER DEVELOPMENT LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Page Report of the Trustees Independent Examiner's Report 5 to 6 Statement of Financial Aetivitie5 Balance Sheet Notes to the Financial Statements 9 to 17 Detailed Statement of Financial Activities 18 to 19
THE soHERN QUARTER DEVELOPMENT LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022 The Iruslees who are also directors of the chanty for the purposes of the Companies Acl 2006, present their report wlh the finanual statements of the charity for the year e{ed 31 July 2022. The tnjslees have adopted the provisions of Accounting and ReFQrting by Charities.. Statement of Recommended Practice applicable lo charities preparing their ac£ounts in a[ldan vith the Finanaal ReEIrj Standard applicable in the UK and Republic of Ireland IFRS 1021 {effectNe 1 January 2019) OBJECTIVES AND ACTIVITIES Objectives and aims The objective5 of the charity are lo promole for the benefft of the inhabitants of the soulhem quarter of North8mplon, wthout distinction of sex. sexual orientation, or of political, religious or other opinions, by associating together inhabilanls and slalulory aulhorilies. voluntary and other organisalions, in a common effort lo advance education and to provide facilth.es In the inleresls of scoal welfare for recreation and leisure time occupation, with the object of improving the conditions of lrfe of the said inhabitants. The activities of the charity are the hiring of r(L)ms space lo indrviduals, grntps or organisations that require space to carry out their own activities for ihe inhabitsnls of the soulhem quarter of Northampton and beyond. The charity also assists in helping Ic1 residents to Irn wups to syovide recreation. social and leisure activities for the community. Public benefit The Injslees have had regard lo the guidance on pubtt benefit issued by the Charity Commission, and believe that the activities and aims staled at#)ve meet the requirement of boing a publie benefit. Page 1
THE SOUTHERN QUARTER DEVELOPMENT LIMtTED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022 ACHIEVEMENT AND PERFORMANCE Far Cotton REC Centre it is still popular with training courses, eonferences and meetings in the week as well as regular groups includir¥J a church on Sundays, danang lessons on a Monday & Thursday for beginners and inlermediales offered by Adult Leaming and Keep fil. Some groups however have not survived the lockdown. so have not relumed. We continue to offer a buffet seNice for meelings. training and have Ixjill a reputation for providing good affordable home made food, which has resulled in catering for private lunctions al t)olh our cenlres and we have been awarded a 5. rating, and all staff are Level 2 Food Hygiene trained. Delapre Community Rooms hosts many groups and activit$, induding dance dasses. over 55's group, keep fil and NHS Clinics Nvice a week. We also have three regular churches thal meel on a Saturday & Sunday. We provide a breakfast dub and after schcx)I dub and we continue to work in partnership with Delapre Primary School on various projects. We were providing healthy packed lunches for Key Stage One children and those enlilled to Free Sch¢xsl Meals al Delapre Primary School on a daily basis. The schwl is now providing hol dinners, and we were asked if we wished lo lender for the contract. LMJI we were not in a posib'on to prov and transp)rt 200 hol dinners a day. so we no longer have the coniract. Squidge Breakfast Club 15 still well attended wilh average 40 children a day attending. We have a large menu so the children have a choice of breakfasl, so Ihey have a good start to the day. We use a 'walking bus. lo gel the children lo school. Squidge After School Club is also well attended, wih many activities fcw th8 children induding art and craft, lego. play kitchen, dolls, cars, dressing up and in the good weather we have an outside area, with balls, scooters elc. We use a al"n9 bus, lo gel Ihe children from school lo Delapre Community Rooms and the children are given a snack on arrival. Our pottery room is well used with pottery dasses offered tsvice a week, and we now have a jewellery making group. We applied for a grant from Northamplonshire Community Foundatson to provide low cost courses for mums and children, as well as out of school activities. which was awarded on 1st July 2022. We started cookery on a budget dasses on a Wednesday in July 2022, aimed al mums or dads, lo provide home cooked meals for a family of four for a fiver. We also planned for summer holiday activities for children, slart1ng al the end of July 2022. induding cookery, pottery and dance. all of which are filling up. Following on from lockdown, we now have a supplies cJJpboard al Delapre Community Rooms. made up of donations from generous local peopte, so that we can continue lo provide food parcels for families still struggling, and we have opened Ihe foyer of Far Cotton REC Centre as a donation station for people lo bring anything and everything from clothing for all ages, buggies, cots, books, lo name a few things. and it is all free for people to tske. We are stsll in uncertain limes. so we continue on a day to day basis 21 present. We have submilled successful applications for grants of £15.000 each which wll be paid in July and September 2023 and continue lo apply for granl funding. These are for Ihe provision of a(xessible services for low income people in the local area, with one having a spectfic focus on running cookery dasses. We are actively trying lo drum up more business as well as loong for new gr(xJps lo hire our buildings and are hopefvl Ihal the charity will continue lo serve the l(Kal community in years lo come. FINANCIAL REVIEW Reseryes policy The charity seeks lo maintain reserves at a level of 3 10 6 months expendilure. Al the year end lolal resetwes were £7.831 of which £nil was re5tn.cted {2021". £10.2351. During the year a defiol of £2.40412021.. £33,046) was made. Page 2
THE SOUTHERN QUARTER DEVELOPMENT LIMtTED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document. a deed of trust. 8nd constilules a limited company, limited by guarantee, as defined by the Q)mpanies Act 2006. Recruitment and appointment of new trustees Trustees are reuuiled from the local community arKI are elected by the members. InductH)n is achieved by meeting with the Chair and company seuetary and by the suprAy of accounts and other documentsry information. Organisational stnjcture Day lo day management of the chanty's activities 1$ delegated to Ms L E Russell. REFERENCE ANO ADMINISTRATIVE DETAILS Registered Company number 05516972 (England and Wales) Registered Charity number 1112485 Registered office 10 Templar Drive Northampton NN2 8HS Trustees B J Glynane Ms C E Haynes Mrs L Tew lappoinled 119121) A W Tew lappoinled 1191211 Ms L Tregilgas lappoinled 119121) Company Directors 8 J Glynane Ms C E Haynes Mrs L E Russell Company Secretary Mrs L E Russell Independent Examiner DNG Dove Naish LLP Chartered AcUntantS Eagle House 28 Billing Road Northampton Northamplonshire NN1 5AJ Page 3
THE SOUTHERN QUARTER DEVELOPMENT LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022 This rewrt has tn prepared in accordance wlh the spec4al wovisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of Iruslee5 on ..... .... nc...&.2S............ and swJned on rts behalf by.. aynes Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SOUTHERN QUARTER DEVELOPMENT LIMtrED Independent examiner's report to the trustees of The Southem Quarter Development Limited {'the Company'l report lo the charity trustees on my examinalDn of the accx)unts of the Company for the year ended 31 July 2022. Responsibilities and basis of report As the chariws trustees of the Company {and also its directors for the purtK)ses of ox)rnpany lawl you are restx)nsible for the preparation of the a(nts in accordance wth the requirements of the Companies Act 20061'the 2006 Act.). Having satisfied myseff that the accounts of the Company We not required to audrf(ed under Part 16 of the 2Q)6 Acl and are eligible for independent examinatK)n, I repclt in resFeCt of my examination of your charity's accounts as carried out under Section 145 of the Charities Acl 2011 ('Ihe 2011 Act'l. In carying out rny examination I have followed the Directions given by the Charity Commission UTKler Seclion 14515} {bl of the 2011 Act. Independent examiner's statement I have completed my examination. I confim) thal no matters have come to my attention in ¢X)nntIOn with the examination giving me r2use lo believe.. accounting rerdS were Tr)1 kept in resped of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord wth those records.. or the accounts do nor comply wth the accounting requirements of Sects'on 396 of the 2CK)6 Act other than any requirement that the aX)UnIS gwe a true and fair view which is not a matter considered as part of an independent examination., or the a¢(xJunls have not been prepared in a(rdancE wlh Ihe methods and prinaples of the Statement of Recommended Practice for ae(yxJnling arKI reping by charities {applirAble to charities preparing their accounts in accordance with the Financial Rep)rtE'ng Standard applicable in the UK and Republic of Ireland {FRS 10211 I have no concems and have come across no other matters in (x)nnection wth the examination to which altention should be drawn in this report in order to enable a proper understandiThJ of the accounts lo be reached. Page 5
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: 7[th] June 2023
Page 6
THE SOUTHERN QUARTER DEVELOPMENT LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 JULY 2022 2022 Tolal funds 2021 Total funds Unrestncted fu Restn"cted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 18,297 18,297 30,329 Othef trading activities Investment income 139.301 12 139,301 150,998 16 Totsl 157.610 157.610 181,343 EXPENDITURE ON Raising funds Other trading activities 8,411 8,411 17,694 8.411 8,411 17.694 Charitable activities Direct Management 148,741 2,862 148,741 2,862 192,990 3,705 Total 160.014 lE,014 214.389 NET INCOMEI{EXPENDITUREI (2,4041 (2.404) {33.046} RECONCILIATION OF FUNDS Tolal funds brought forward 10.235 10.235 43,281 TOTAL FUNDS CARRIED FORWARD 7,831 7,831 10,235 The rteS fomi part of these financial statements Page 7
THE SOLttHERN QUARTER DEVELOPMENT LIMITED BALANCE SHEET 31 JULY 2022 2022 Total funds 2021 Total funds unrestn.cted furKJ Restncted funds Notes FIXED ASSETS Tangible assets 617 CURRENT ASSETS Debtors Cash al bank and in hand 13 30,437 16.919 30,437 16,919 29,941 13,158 47.356 47.356 43,099 CREDITORS Amounts falling due within one year 14 140.1051 140.1051 133,481 } NET CURRENT ASSETS 7.251 7,251 9,618 TOTAL ASSETS LESS CURRENT LIABILITIES 7.831 7,831 10,235 NET ASSETSIILIABILITIESI 7,831 7,831 10,235 FUNDS Unreslricled fvnds 16 7.831 10,235 TOTAL FUNDS 7,831 10.235 The charitable company is entiued to exemption from audit under Secth)n 477 of the Companies Act 2006 for the year ended 31 July 2022. The members have not required the company lo obtain an audit of ils fina31 statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006. The Iruslees acknowledge their responsibilities (al ensuring Ihal the chariiable company keeps wiunling records that oJmply w71h Sectns 386 and 387 of the Companies Act 2006 and preparing financial ststemenls which give a true and fair view of the state of affairs of the charitable company as al the end of each financial year and of ils SUru5 or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo finawal sialemenls, so far as applicable lo the chaTitable company. {bl These financial stalemenls have been prepared in an( with the provisions appIlble lo charitable companies subject lo the small companies regime. The financial slalements were approved by the Board of Trustees and authorised for issue on .&",Z.S.................. and We signed on ils behalf by" ruslee The notes form part of these finarrial statements Page 8
THE SOLrtHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalemenls of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordan wlh the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended Praclice applicable lo charities preparing Iheir acwunls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191., Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Acl 2006. The financial slalemenls have been prepared under the historical cost convention. The presentation currency of the financial sialemenls is the Pound Slerfing {£1. Critical accounting judgements and key sources of estimation uncertainty The preparation of financial statements requires the use of certain critical accounting eslimales. 11 also requires management lo exercise ils judgement in the process of applying the company accounling policies. The areas involving a higher degree of judgement or complexily, or areas where assumptions and eslimales are signrficanl to the financial slalemenls are disclosed within the individual accounting policies below_ Income All income is recognised in the Statement of Financial Activities once the charity has enliuement to the funds, il is probable that the income will be received and the amount can be measured reliably Govemment grants Grants reiVed from the Government are included in the Sialemenl of Financial Activities once there is reasonable assurance the charity will comply with the conditions lo the grant and the grant will be received. Going concern The Trustees have assessed the going concern slalus of the charity and intend lo continue running the Charity in years lo come. Management continue lo apply for grant funding and are actively seeking new business in the community cenlres in order lo continue operations. Expenditure Liabi1ilies are recognised as expenditure as s¢)on as there is a legal or conslruclive obligalion comrnitting the charity lo that expenditure. il is probable that a transfer of economic benefits will be required in selllernenl 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 lo the category. Where cosls cannot be directly attributed to particular headings Ihey have been allocated lo activities on a basis consistenl with Ihe use of resour$. Tangible fixed assets Depreciation is provided al the following annual rates in order lo write off each asset over its eslimaled useful life. Fixtures and fittings Computer equipment 25°/o on cost 250/0 on cost Fixed assets are staled al cost less accumulated deprecialion 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 MethS, useful lives and residua values are reviewed al each balance sheet dale. The selection of these residual values and eslimaled lives requires the exercise of judgement. The directors are required lo assess whether there is an indication of impairment lo the carrying value of assets. In making that assessment, judgements are made in eslimaling value in use. The directors consider that the individual carrying values of assets are supportable by their value in use. Page g conlinued. .
THE SOUTHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2022 ACCOUNTING POLICIES- continued Taxation The charity is exempl from corporation lax on ils charitable aclivilies. Fund accounting Unrestricted funds can be used in acrdanCe with the charitable objectives at the discretion of the Iruslees. Reslricled funds can only be used for particular reslricled purFX)ses within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular StriCted purposes. Further explanation of the nature and purpose of each fund is induded in the notes to the financial stalemenls. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Conlribulions payable lo the charitable company's pension scheme are charged lo the Statement of Financial Activities in the period lo which they relate. Financial instruments Cash and cash equivalents in the balance sheet comprise cash al banks and in hand and short term deposits with an original maturity dale of three months or less. Debtors and creditors with no slated interest rale and receivable or payable within one year are recorded al transaction pri. Any losses arising from impairment are recognised in the statement of financial aclivilies under adminislralive expenses. Financial liabilities and equity instruments are dassified according lo the substance of the conlraclual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the ents.ty after deducting all of ils financial Iiabililies. Where the conlraclual obligations of financial instruments are equivalent lo a similar debt inslrumenl, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balan sheet. Finan costs and gains or losses relating lo financial Iiabililies are included in the slalemenl of financial aclivilies. Finance costs are calculated so as to pr(U¢e a constant fate of return on the outstanding liability. DONATIONS AND LEGACIES 2022 2021 Grants 18,297 30,329 Grants reived, included in the above, are as follows.. 2022 2021 Northarnplon Borough Council Governmenl Grants- CJRS Northamplonshire Community Foundation Other grant providers West Northamplonshire Council 1,800 28,169 157 203 1,736 15,000 1,061 500 18,297 30,329 Page 10 continued...
THE SOUTHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2022 OTHER TFIADING ACTIVITIES 2022 2021 Catering income After school dub Breakfast Club fees Room hire Cleaning income Healthy meals 3,962 20,324 2,897 95,181 8.754 8.183 2,261 12,042 3,222 39,717 9,523 84.233 139,301 150,998 INVESTMENT INCOME 2022 2021 Inlerosl receivable 12 16 CHARITABLE ACTIVITIES COSTS Direct Costs (see nole 61 SupF)Ort C4)sls (see note 71 Totals Direct Management 20.404 128,337 2,862 148,741 2,862 20,404 131,199 151,603 DIRECT COSTS OF CHARITABLE ACTIVITIES 2022 2021 Playscheme costs Breakfast club costs After school dub Healthy Meals Catering costs Depreciation Loss on sale of assets 3,996 5,294 3,403 7,123 220 368 1.704 1,200 42,467 529 135 20,404 46,035 Page11 conlinued...
THE SOUTHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2022 SUPPORT COSTS Goveman costs Management Finare Totals Direct Management 126.645 2,683 1.692 128.337 2.862 179 129.328 179 1,692 131,199 Support costs. induded in the atove. are as follows: Management 2022 Total activities 2021 Total activities Direct Management Wages Social seoJrity Pensions Rates and water Insuran Light and heal Telephone Postage and slalionery Rent Repairs & renewals Cleaning Training C£*sIs 88.629 1,697 88,629 1,697 112,694 837 513 1,035 7,895 1,935 1,389 16,838 1,938 2.178 270 419 1.082 5,551 419 1,082 5,551 1,517 1,047 19.970 3,410 5,1 270 1.517 63 19.970 3,410 5.1 270 126,645 2,683 129,328 149,210 Finance 2022 2021 Total activities Management Bank charges 179 111 Governance costs 2022 2021 Total 8clivilies Direct Independent Examiners. Remureration Legal fees Interest F)ayable 1,692 1,266 40 33 1,692 1,339 Page 12 continued...
THE SOUTHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2022 NET INCOMEIIEXPENDITUREI Nel incomellexpendilurel is slated after Chargin(credItIng}. 2022 2021 Independent Examiners, Remuneration Depreciation - owned assets Deficit on disposal of fixed assets 1,692 368 1,266 529 135 Independent examiners, remuneration is made up of the following components of chaTge'. 2022 2021 Fees for independent examination Fees for stalulory accounts preparation 892 800 666 600 1,692 1,266 TRUSTEES. REMUNEFiATION AND BENEFITS There were no Iruslees. rernuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021. Trustees, expenses There were no Iruslees, expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021. STAFF COSTS 2022 2021 Wages and salaries Social security costs Other pension Cosis 88,629 1,697 546 112,694 1,688 837 90,872 115,219 The average monthly number of employees during the year was as follows.. 2022 2021 Administration No employees received emoluments in excess of £60,000. The lolal remuneration paid lo key managemenl personnel was £28.59712021.' £27,962). L Russell is a direclor of the company, but not a trustee. During the year she was paid, as an employee of the charitable company total remuneration of £28,597 12021.. £27.9621, as perrmitted per the Company's Memorandum of Association, for her role as the manager of the charitable company. Page 13 nlinued...
THE SOUTHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled fund Reslricled funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 29,969 360 30,329 Other trading 8clivilies Investment income 150,998 16 150,998 16 Total 180,983 360 181,343 EXPENDITURE ON Raising funds Other trading aciivilies 12,199 5,495 17,694 12,199 5.495 17,694 Charitsble activities Direct Management 192,990 3,705 192,990 3,705 Total 208,894 5,495 214,389 NET INCOMEIIEXPENDITUREI Transfers between funds 127,911 } 6,198 15.1351 16,1981 133.046} Nel movement in funds 121,7131 111,3331 133,0461 RECONCILIATION OF FUNDS Total funds brought forward 31.948 11,333 43,281 TOTAL FUNDS CARRIED FORWARD 10,235 10,235 Page 14 continued...
THE SOUTHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 JULY 2022 12. TANGIBLE FIXED ASSETS Fixtures and fittings Computer equipmenl Totals COST Al 1 August 2021 Additions 29,578 1,618 331 31,196 331 Al 31 July 2022 29,578 1,949 31,527 DEPRECIATION Al 1 August 2021 Charge for year 29,578 1,001 30,579 368 Al 31 July 2022 29,578 1,369 30,947 NET BOOK VALUE Al 31 July 2022 580 Al 31 July 2021 617 617 13. DEBTORS: AMOUFs FALLING DUE WITHIN ONE YEAR 2022 2021 Trade debtors Prepayments and accrued income 23,389 7,048 22,009 7,932 30,437 29,941 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Social security and other taxes Accnjals 2nd deferred income 742 39,363 855 32,626 40,105 33,481 LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 2022 2021 Within one year Between one and five years 18.740 2,250 18,290 11,250 20,990 29,540 Page 15 continued...
THE SOUTHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 31 JULY 2022 16. MOVEMENT IN FUNDS Nel fflovement in funds Al 3117122 At 118121 Unrestricted funds General fund 10,235 12,4041 7,831 TOTAL FUNDS 10,235 12,4041 7,831 Net movemenl in funds, induded in the above are as fotlows" Incoming resources Resources expended Movement in lunds Unrestricted funds General fund 157,610 1160.014) 12,4041 TOTAL FUNDS 157,610 1160.014) (2.4041 Comparatives for movement in fvnds Nel movement in fvnds Transfers been fvnds Al 3117121 At 118120 Unrestricted funds General fund 31.948 127,9111 6.198 10,235 Restricted funds Music and Arts Fund Northamplonshire Community Foundation 11,333 {11,3331 15.1351 5.135 11,333 15,135} 16,1981 TOTAL FUNDS 43,281 133,046) 10,235 Page 16 continued...
THE SOUTHERN QUARTER DEVELOPMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2022 16. MOVEMENT IN FUNDS- continued Comparalive nel movement in funds, induded in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 180,983 {208,8941 {27,911) Restricted funds Northamplonshire Community Foundation 360 15,4951 15,1351 TOTAL FUNDS 181,343 1214,389} 133,0461 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 lo the General fund, with the agreement of the original funder, lo cover increased costs during Covid. A grant from Northamplonshire Community Foundation is for providing food par1$, hol dinners and packed lunches during the Covid-19 pandemic. The transfer from General fund lo Northamptonshire Community Foundation fund is due to an overspend on the Northamplonshire Community Foundation fund. 17. RELATED PARTY DISCLOSURES There were no related party transaction for the year ended 31 July 2022 and the year ended 31 July 2021. Page17
THE SOUTHERN QUARTER DEVELOPMENT LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022 2022 2021 INCOME AND ENDOWMENTS Donations and legacies Grants 18,297 30,329 Other trading activities Catering Incorne After school dub 8reakfasl Club fee$ Room hire Cleaning income Healthy meals 3,962 20,324 2,897 95,181 8,7S4 8,183 2,261 12,042 3,222 39,717 9,523 84.233 139,301 150.998 Investment income Interest receivable 12 16 Totsl incoming resources 157,610 181.343 EXPENDITURE Other trad ing activities Purchases Bad debts 8,411 14,255 3,439 8,411 17,694 Charitable activities Playscheme costs Breakfast club costs After school club Healthy meals Catering costs Depreciation of tangible fixed assets Loss on sale of tangible fixed assets 3,996 5,294 3,403 7,123 220 368 1,704 1,200 42,467 529 135 20,404 46,035 Support cost5 Management Wages Social security Pensions Rates and water Insurance Light and heal Telephone Carried forward 88,629 1,697 546 419 1,082 5,551 1,517 99,441 112,694 1,688 837 513 1,035 7,895 1,935 126,597 This page does not form part of the slalulory financial slalemenls Page18
THE SOUTHERN QUARTER DEVELOPMENT LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022 2022 2021 Management Brought forward Postage and slalionery Rent Repairs & renewals Cleaning Training costs 99,441 1,047 19,970 3,410 5,190 270 126,597 1,389 16,838 1,938 2,178 270 129.328 149,210 Finance Bank charges 179 111 Governance costs Independent Examiners, Remuneration Legal fees Interest PaYae 1.692 1,266 40 33 1,692 1,339 Total resources expended 160,014 214,389 Net expenditure {2,404) {33,0461 This page does not form part of ihe statutory finanryal stslemenls Page 19