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2021-03-31-accounts

Trustees Jan Wing (Chair)
Tony Pomfret (Treasurer)
Keith Batchelor
Peter Maiden
Patricia Spears
Beverley Johnston
Stephen Clarke
Victoria Jacob
Andrew Cooke
Stephen Harvey
Secretary Ian Richardson
Charity number 1118986
Company number 06143165
Principal address Nigel Copping Community Building
Sanville Gardens
Stanstead Abbotts
Ware
Hertfordshire
SG12 8GA
Registered office Nigel Copping Community Building
Sanville Gardens
Stanstead Abbotts
Ware
Hertfordshire
SG12 8GA
Independent examiner Gary Howard FCA
Howard Wilson Chartered Accountants
36 Crown Rise
Watford
Hertfordshire
WD25 ONE
Bankers HSBC
81Turners Hill
Cheshunt
Hertfordshire
EN8 9BA
Solicitors Longrriores Solicitors
24 Castle Street
Hertford
Hertfordshire
SG14 1HP

Current financial year
Unrestricted Restricted Total Total
funds funds
2021 2021 2021 2020
otes
Income from:
Donations and voluntary income 3 119,212 5,963 125,175 41,883
Promotion of charitable purposes in Broxbourne
and East Herts 4 196,558 576,333 772,891 714,784
Commercial activities and fundraising 5 17,895 - 17,895 20,315
Investment income 6 103 103 237
-
Total income 333,768 582,296 916,064 777,219
Expenditure on:
Promotion of charitable purposes in Broxbourne
and East Herts 7 238,614 508,229 746,843 683,339
Net income for the year/
Net movement in funds 95,154 74,067 169,221 93,880
Fund balances at 1 April 2020 75,516 170,066 245,582 151,702
Fund balances at 31 March 2021 170,670 244,133 414,803 245,582

Prior financial year
Unrestricted Restricted Total
fundsfunds
2020 2020 2020
Notes
Income from:
Donations and voluntary income 3 41,883 - 41,883
Promotion of charitable purposes in Broxbourne and East
Herts 4 202,625 512,159 714,784
Commercial activities and fundraising 5 20,315 - 20,315
Investment income 6 237 - 237
Total income 265,060 512,159 777,219
Expenditure on:
Promotion of charitable purposes in Broxbourne and East
Herts 263,233 420,106 683,339
Total expenditure 263,233 420,106 683,339
Net income before transfers 1,82792,05393,880
Gross transfers between funds 10 (790)790
Net income for the year/
Net movement in funds 1,03792,84393,880
Fund balances at1April 2019 74,47977,223 151,702
Fund balances at 31 March 2020 75,516 170,066 245,582

2021 2020
Notes
Fixed assets
Tangible assets 11 1,050 2,100
Current assets
Debtors 12 13,691 69,499
Cash at bank and in hand 424,410 263,384
438,101 332,883
Creditors: amounts falling due within
one year 13 (24,348) (89,401)
Net current assets 413,753 243,482
Total assets less current liabilities 414,803 245,582
Income funds
Restricted funds 15 244,133 170,066
Unrestricted funds
Designated funds 16 170,000 75,000
General unrestricted funds 670 516
170,67075,516
414,803245,582
2021 2020
Notes
Cash flows from operating activities
Cash generated from operations 20 160,923 138,629
Investing activities
Interest received 103 237
Net cash generated from investing
activities 103 237
Net increase in cash and cash equivalents 161,026 138,866
Cash and cash equivalents at beginning of year 263,384 124,518
Cash and cash equivalents at end of year 424,410 263,384

Unrestricted Restricted Total Unrestricted
funds funds funds
2021 2021 2021 2020
1*1
Donations and gifts 338 338 100
Grants for core activities and Covid-19 support 118,814 5,963 124,777 40,453
Membership fees 60 - 60 1,330
119,212 5,963 125,175 41,883
support
Grants receivable for core activities and Covid-19
Broxbourne Council 5,000 - 5,000 5,000
East Herts Council 13,800 - 13,800 15,453
Network Homes 20,000 - 20,000 20,000
Broxbourne Council: Covid-19 37,000 - 37,000 -
East Herts Council: Covid-19 16,811 - 16,811 -
Hertfordshire County Council: Covid-19 10,000 10,000
Awards 4 All:: Covid-19 10,000 - 10,000 -
NACVA: Covid-19 3,000 - 3,000 -
Groundwork UK: Covid-19 500 - 500 -
Coronavirus Job Retention Scheme grant 2,703 5,963 8,666 -
118,814 5,963 124,777 40,453
The Broxbourne Council and East Herts Council COVID-19 grants were both business restriction grants.
The other COVID-19 grants were for capacity building.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
Promotion of charitable purposes in Broxbourne and East Herts
2021 2020
Performance related grants 580,956 526,459
Ancillary trading income 191,935 188,325
772,891 714,784
Analysis by fund
Unrestricted funds 196,558
Restricted funds 576,333
772,891
For the year ended 31 March 2020
Unrestricted funds 202,625
Restricted funds 512,159
714,784
Performance related grants
Dragon's Apprentice 4,000 14,300
Big Local Trust 264,406 257,669
Heritage Lottery Fund - 33,350
Building Better Opportunities 158,440 179,616
Community Transport 22,874 22,584
Southern Mattings 22,507 -
Covid Information Champions 10,000 -
Hertfordshire Adults and Family Learning Service 21,836 13,432
Foodbanks 17,500 -
Job Smart 24,500 -
Other 34,893 5,508
580,956 526,459
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
5 Commercial activities and fundraising
Unrestricted Unrestricted
funds funds
2021 2020
Other Earned Income 17,895 20,315
6 Investment income
Unrestricted Unrestricted
funds funds
2021 2020
Interest receivable 103 237
Promotion of charitable purposes in Broxbourne and East Herts
2021 2020
Staff costs 458,614 421,928
Depreciation and impairment 1,050 1,050
Training and information costs 1,020 2,921
Direct project costs 225,933 177,415
Premises costs 43,016 58,949
Insurance 1,200 778
Office costs 6,114 10,168
Computer costs 2,127 1,392
Repairs and maintenance 1,746 2,346
Travel and subsistence costs 133
General expenses 53 53
Professional costs 3,834 4,766
Governance costs 2,136 1,440
746,843 683,339

Number of employees
The average monthly number of employees during the year was:
2021 2020
Number Number
Core activities 24 20
Employment costs 2021 2020
Wages and salaries 416,339 382,266
Social security costs 28,562 26,576
Other pension costs 13,713 13,086
458,614 421,928
There were no employees whose annual remuneration was 60,000 or more.
10Transfers
Transfers represent fund transfers from unrestricted funds to restricted funds.

12 Debtors
2021 2020
Amounts falling due within one year:
Trade debtors 4,631 69,499
Prepayments and accrued income 9,060
13,691 69,499
13 Creditors: amounts falling due within one year
2021 2020
Notes
Other taxation and social security 9,051 8,362
Deferred income 14 77,474
Accruals 15,297 3,565
24,348 89,401
14 Deferred income
2021 2020
Other deferred income 77,474
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Balance at Resources Transfers Balance at Transfers Balance at
1April 2019 expended 1 April 2020 31 March 2021
Contingency Fund 50,000 - - 50,000 25,000 75,000
Business Development
Fund 19,000 (4,766) 4,766 19,000 16,000 35,000
Future Sustainability
Reserve - - 6,000 6,000 54,000 60,000
69,000 (4,766) 10,766 75,000 95,000 170,000
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
Fund balances at 31
March 2021 are
represented by:
Tangible assets 1,050 - 1,050 2,100 - 2,100
Current assets/
(liabilities) 169,620 244,133 413,753 73,416 170,066 243,482
170,670 244,133 414,803 75,516 170,066 245,582

20Cash generated from operations20212020 20Cash generated from operations20212020 20Cash generated from operations20212020
Surplus for the year169,22193,880
Adjustments for:
Investment income recognised in statement of financial activities (103) (237)
Depreciation and impairment of tangible fixed assets 1,050 1,050
Movements in working capital:
Decrease/(increase) in debtors 55,808 (12,548)
lncrease/(decrease) in creditors 12,421 (4,313)
(Decrease)/increase in deferred income (77,474) 60,797
Cash generated from operations 160,923 138,629
21Analysis of changes in net funds
The charity had no debt during the year.