REGISTERED COMPANY NUMBER: 05898293 (England and Wales) REGISTERED CHARITY NUMBER: 1121126
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
THE SPRING CHARITY
THE SPRING CHARITY 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 to 8 |
| Notes to the Financial Statements | 9 to 17 |
| Detailed Statement of Financial Activities | 18 to 19 |
THE SPRING CHARITY
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021
TRUSTEES Mrs J Spiby Mr D McAlpine Dr M Dickie Mr B N Burnett Cllr W A Strachen Mrs C Bull Mr J Dickie Mrs J Freeman REGISTERED OFFICE The Spring Charity Annex Community Centre Spring Lane Northampton NN1 2JW REGISTERED COMPANY 05898293 (England and Wales) NUMBER REGISTERED CHARITY 1121126 NUMBER INDEPENDENT EXAMINER DNG Dove Naish LLP Chartered Accountants Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ
Page 1
THE SPRING CHARITY
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 Charity's aims are; to benefit families in the Northampton area by the provision of activities and facilities for care, leisure and recreation; to promote social welfare by improving the conditions of life, and to benefit the public at large but especially those who are disadvantaged due to their youth, age, financial hardship or social, health or economic circumstances.
Changes in Focus of Charity Activity
The Charity remain committed to the long term future of supportive activity within the locality. In addition to the delivery of virtual activities via zoom, our accommodation continues to be well used to this end. The Early Years work continues to be undertaken by our partners Spring Lane Primary School.
The Trustees remain confident in the future of The Spring Charity. We continue to hold sufficient reserves to sustain planned projects. The core membership trustee remains committed, enthusiastic and continue to provide a broad range of skills to give the necessary leadership and support to the flexible, skilled and dedicated staff and management of the charity.
Public benefit
The trustees have had regard to the guidance on public benefit issued by the Charity Commission and believe the activities of the charity further the charity's purposes for public benefit.
Page 2
THE SPRING CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The partnership agreement between the Spring Charity and Spring Lane Primary School agreed in November 2017 has been very productive and has thrived to the benefit of parents and children. Numbers have continued to grow and we continue build on the shared vision to support parents and children in the locality.
Our Senior Community Development Worker has further developed the Charity's services for parents and children. Thanks to financial support from Goodwill Solutions CIC, she has been able to add the Freedom programme to the Solihull parenting course and other wellbeing groups. She has worked cooperatively and effectively both with our school partners and with others, including other local Charity bodies, to deliver food and household essentials to local families. The value of this work was acknowledged by the grant from Public Health to support our wellbeing activities.
During 2020-2021 the treasurer continued to address navigating our way through the challenges of supporting local families through lockdowns, social distancing and the resulting social isolation.
For much of the year, the Charity was faced by the challenge of Covid-19, lockdowns and restrictions ensuring safe gatherings. Fully supported by the Board, the Senior Community Development Worker closed our Community Centre and continued with individual support and contact online, by phone and via social media, (Facebook: "Spring Charity Venture"). At the Charity's request our commissioned story-teller moved her sessions on-line and reached a wider audience. In consultation with the treasurer, support packages were purchased and distributed to identified families, all families were given the contact details for a local food-bank; our community worker supported the distribution of food. The Charity applied for financial donations to support the adaptation to and expansion of our work. We are very fortunate and grateful to receive grants from Goodwill Solutions CIC, Northampton Community Foundation, the National Lottery Covid Emergency Fund, Northampton Business Emergency Fund and Public Health Northamptonshire. In February 2021 the National Lottery invited the charity to reopen an application, (paused April 2020 do the pandemic) to the National Lottery Supporting Community Fund, applying for grant supporting health and wellbeing in Spring Boroughs.
We look forward to the year ahead with some confidence and the realisation that we will be working differently in support of our objectives in the coming year.
FINANCIAL REVIEW
Financial Position and Reserves
The trustees' current policy is to hold reserves of 25% of the core costs and new community project. The Charity has more than sufficient in reserve to cover this contingency.
Unrestricted reserves held at the year end are £46,042 (2020: £39,910), and total reserves are £54,156 (2020: £39,910).
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.
The Charity changed its name from Spring Lane out of School Club to The Spring Charity in November 2011.
Page 3
THE SPRING CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The Charity is constituted as a registered private company limited by guarantee with Memorandum and Articles of Association. There are no trustee vacancies. The Charity is organised so that the Board of Trustees meets regularly to manage its affairs. The number of meetings has been reduced, but trustees, either in smaller quorum groups or as a whole body meet sometimes virtually, to develop procedures and policies or respond to the needs of the community it serves.
Trustees are recruited and appointed on an individual basis from representatives of the community or from representatives of the services that the charity provides to the community, are vetted by the Board and undergo DBS clearance. The committee is actively involved in the activities of the Charity and held in high esteem.
The Charity vests the overall running of the Spring Charity Venture in the appointed Senior Community Development Worker, supported by the treasurer and Chair.
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SPRING CHARITY
Independent examiner's report to the trustees of The Spring Charity ('the Company')
I 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, 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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
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: 1 November 2021
Page 5
THE SPRING CHARITY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted Restricted funds funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 3,185 - Charitable activities 4 Provision of Community facilities 17,500 35,531 Investment income 3 44 - Total 20,729 35,531 EXPENDITURE ON Charitable activities 5 Provision of Community facilities 14,597 27,417 NET INCOME/(EXPENDITURE) 6,132 8,114 RECONCILIATION OF FUNDS Total funds brought forward 39,910 - TOTAL FUNDS CARRIED FORWARD 46,042 8,114 |
2021 Total funds £ 3,185 53,031 44 56,260 42,014 14,246 39,910 54,156 |
2020 Total funds £ 1,960 8,058 414 10,432 35,478 (25,046) 64,956 39,910 |
|---|---|---|
The notes form part of these financial statements
Page 6
THE SPRING CHARITY
STATEMENT OF FINANCIAL POSITION 31 MARCH 2021
| Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 12 702 - CURRENT ASSETS Debtors 13 307 - Cash at bank and in hand 71,820 8,114 72,127 8,114 CREDITORS Amounts falling due within one year 14 (26,787) - NET CURRENT ASSETS 45,340 8,114 TOTAL ASSETS LESS CURRENT LIABILITIES 46,042 8,114 NET ASSETS 46,042 8,114 FUNDS 15 Unrestricted funds: General fund Restricted funds TOTAL FUNDS |
2021 Total funds £ 702 307 79,934 80,241 (26,787) 53,454 54,156 54,156 46,042 8,114 54,156 |
2020 Total funds £ - - 66,453 66,453 (26,543) 39,910 39,910 39,910 39,910 - 39,910 |
|---|---|---|
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
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus 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 to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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THE SPRING CHARITY
STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The notes form part of these financial statements
Page 8
THE SPRING CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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 presentational currency is pounds sterling (£).
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
Government grants are recognised in the Statement of Financial Activities when they are 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.
Computer and office equipment - 33% 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. Items under £200 are not capitalized.
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.
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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THE SPRING CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES - continued
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 comprehensive income 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.
Significant Judgements and Estimates
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 above.
2. DONATIONS AND LEGACIES
| Donations 3. INVESTMENT INCOME Deposit account interest |
2021 £ 3,185 2021 £ 44 |
2020 £ 1,960 2020 £ 414 |
|---|---|---|
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continued...
THE SPRING CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
4. INCOME FROM CHARITABLE ACTIVITIES
| 2021 Provision of Community facilities £ Fees - Contribution towards Annex 7,500 Crèche provision - Grants 45,531 53,031 Grants received, included in the above, are as follows: 2021 £ Northampton Borough Council - Covid grant 10,000 National Lottery Community Funding 9,032 National Lottery - COVID funding 8,981 Northampton Borough Council - Public Health 7,500 Goodwill Solutions 7,486 NCF - COVID Emergency Funding 2,532 45,531 5. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 6) note 7) £ £ Provision of Community facilities 35,157 6,857 6. DIRECT COSTS OF CHARITABLE ACTIVITIES 2021 £ Staff costs 22,568 Postage and stationery 922 Training 1,545 Property repairs 92 Equipment 2,773 Travel expenses - Cleaning 2,390 Memberships and subscriptions 24 Group Work 4,599 Toys & Equipment 244 35,157 |
2020 Total activities £ 289 7,529 240 - 8,058 2020 £ - - - - - - - Totals £ 42,014 2020 £ 19,539 438 590 511 1,578 7 1,233 359 1,820 200 26,275 |
|---|---|
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THE SPRING CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
7. SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management | Finance | costs |
Totals | |
| £ | £ | £ | £ | |
| Provision of Community facilities | 3,844 | 110 | 2,903 | 6,857 |
| Support costs, included in the above, are as follows: | ||||
| Management | ||||
| 2021 | 2020 | |||
| Provision | ||||
| of | ||||
| Community | Total | |||
| facilities | activities | |||
| £ | £ | |||
| Wages | 300 | 564 | ||
| Premises utilities | 2,307 | 2,535 | ||
| Telephone | 930 | 696 | ||
| Advertising | (23) | 65 | ||
| Premises expenses | 330 | 1,596 | ||
| 3,844 | 5,456 | |||
| Finance | ||||
| 2021 | 2020 | |||
| Provision | ||||
| of | ||||
| Community | Total | |||
| facilities | activities | |||
| £ | £ | |||
| Professional fees | - | 393 | ||
| Bank charges | 22 | 26 | ||
| Depreciation of tangible fixed assets | 88 | - | ||
| 110 | 419 | |||
| Governance costs | ||||
| 2021 | 2020 | |||
| Provision | ||||
| of | ||||
| Community | Total | |||
| facilities | activities | |||
| £ | £ | |||
| Independent Examiner fees | 2,790 | 2,909 | ||
| Accountancy and legal fees | 113 | 419 | ||
| 2,903 | 3,328 |
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THE SPRING CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Independent examiner fees Independent examiner fees - payroll bureau Depreciation - owned assets |
2021 £ 1,716 1,074 88 |
2020 £ 1,670 1,239 - |
|---|---|---|
9. 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
During the year £309 of expenses (2020: £nil) were reimbursed to one trustee for expenses paid for on behalf of the charity.
10. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Annex |
2021 £ 21,682 1,186 22,868 2021 2 |
2020 £ 19,374 729 |
|---|---|---|
| 20,103 | ||
| 2020 2 |
No employees received emoluments in excess of £60,000.
Total trustee and key management personnel remuneration for the year was £22,237 (2020: £19,539).
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,960 - Charitable activities Provision of Community facilities 8,058 - Investment income 414 - Total 10,432 - EXPENDITURE ON Charitable activities Provision of Community facilities 35,478 - |
Total funds £ 1,960 8,058 414 10,432 35,478 |
|---|---|
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THE SPRING CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total |
||
| funds | funds | funds | ||
| £ | £ | £ | ||
| NET INCOME/(EXPENDITURE) | (25,046) | - | (25,046) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 64,956 | - | 64,956 | |
| TOTAL FUNDS CARRIED FORWARD | 39,910 | - | 39,910 | |
| 12. | TANGIBLE FIXED ASSETS | |||
| Computer | ||||
| and | ||||
| office | ||||
| equipment | ||||
| £ | ||||
| COST | ||||
| Additions | 790 | |||
| DEPRECIATION | ||||
| Charge for year | 88 | |||
| NET BOOK VALUE | ||||
| At 31 March 2021 | 702 | |||
| At 31 March 2020 | - | |||
| 13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Prepayments and accrued income | 307 | - |
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THE SPRING CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Social security and other taxes Other creditors Accruals and deferred income |
2021 £ 279 23,950 2,558 26,787 |
2020 £ 292 24,046 2,205 26,543 |
|---|---|---|
15. MOVEMENT IN FUNDS
| Net movement At 1/4/20 in funds £ £ Unrestricted funds General fund 39,910 6,132 Restricted funds Health and Wellbeing Project - 2,500 Freedom Project - 5,614 - 8,114 TOTAL FUNDS 39,910 14,246 |
At 31/3/21 £ 46,042 2,500 5,614 8,114 54,156 |
|---|---|
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,729 | (14,597) | 6,132 |
| Restricted funds | |||
| Stay and play | 9,032 | (9,032) | - |
| COVID Emergency funding | 2,532 | (2,532) | - |
| Supporting the Community - COVID-19 | 8,981 | (8,981) | - |
| Health and Wellbeing Project | 7,500 | (5,000) | 2,500 |
| Freedom Project | 7,486 | (1,872) | 5,614 |
| 35,531 | (27,417) | 8,114 | |
| TOTAL FUNDS | 56,260 | (42,014) | 14,246 |
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THE SPRING CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1/4/19 in funds £ £ Unrestricted funds General fund 64,956 (25,046) TOTAL FUNDS 64,956 (25,046) |
At 31/3/20 £ 39,910 39,910 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,432 | (35,478) | (25,046) |
| TOTAL FUNDS | 10,432 | (35,478) | (25,046) |
Stay and Play - National Lottery funding
To deliver stay and play sessions for families with young children. The project aims to ensure that families are able to reduce anxiety relieve risk of domestic abuse and improve mental health and wellbeing during the current coronavirus pandemic.
NCF - COVID-19 Emergency Fund
To provide care and activity packs for vulnerable families in Spring Boroughs.
National Lottery COVID-19 Supporting the Community Funding
To provide online and phone assistance to local people experiencing issues such as mental ill health. The project aims to support the community through the COVID-19 pandemic.
Health and Wellbeing Project
NBC - Public Health funding for supporting health and wellbeing within the community.
Freedom Project
Funding received from Goodwill Solutions to run the Freedom Project for 2 years, including £1,000 for an update of the charity website.
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THE SPRING CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
16. RELATED PARTY DISCLOSURES
Trustees made donations without conditions of £2,135 (2020: £1,960) in total during the year.
17. ULTIMATE CONTROLLING PARTY
The charity is under the control of its trustees.
Page 17
THE SPRING CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 3,185 | 1,960 |
| Investment income | ||
| Deposit account interest | 44 | 414 |
| Charitable activities | ||
| Fees | - | 289 |
| Contribution towards Annex | 7,500 | 7,529 |
| Crèche provision | - | 240 |
| Grants | 45,531 | - |
| 53,031 | 8,058 | |
| Total incoming resources | 56,260 | 10,432 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 21,382 | 18,810 |
| Pensions | 1,186 | 729 |
| Postage and stationery | 922 | 438 |
| Training | 1,545 | 590 |
| Property repairs | 92 | 511 |
| Equipment | 2,773 | 1,578 |
| Travel expenses | - | 7 |
| Cleaning | 2,390 | 1,233 |
| Memberships and subscriptions | 24 | 359 |
| Group Work | 4,599 | 1,820 |
| Toys & Equipment | 244 | 200 |
| 35,157 | 26,275 | |
| Support costs | ||
| Management | ||
| Wages | 300 | 564 |
| Premises utilities | 2,307 | 2,535 |
| Telephone | 930 | 696 |
| Advertising | (23) | 65 |
| Premises expenses | 330 | 1,596 |
| 3,844 | 5,456 | |
| Finance | ||
| Professional fees | - | 393 |
| Bank charges | 22 | 26 |
| Carried forward | 22 | 419 |
This page does not form part of the statutory financial statements
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THE SPRING CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Finance | ||
| Brought forward | 22 | 419 |
| Depreciation of tangible fixed assets | 88 | - |
| 110 | 419 | |
| Governance costs | ||
| Independent Examiner fees | 2,790 | 2,909 |
| Accountancy and legal fees | 113 | 419 |
| 2,903 | 3,328 | |
| Total resources expended | 42,014 | 35,478 |
| Net income/(expenditure) | 14,246 | (25,046) |
This page does not form part of the statutory financial statements
Page 19