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2021-03-31-accounts

The Thornton & Allerton Community Association Limited

Charity number 1122128

A company limited by guarantee number 06342828

Annual Report and Financial Statements

for the year ended 31 March 2021

The Thornton & Allerton Community Association Limited

Annual Report and Financial Statements for the year ended 31 March 2021

Contents Page
Trustees' report 2 to 7
Examiner's report 8
Statement of financial activities 9
Balance sheet 10
Statement of cash flows 11
Notes to the accounts 12 to 18

Prepared by West Yorkshire Community Accounting Service

1

The Thornton & Allerton Community Association Limited

Trustees' report for the year ended 31 March 2021

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Rosalind Freeman Chair Dominic Sheard Stephen McCabe Treasurer Resigned 7 April 2021 Stephen Angus Resigned 25 September 2020 Michael Finkill Timothy Spencer Kirsty Young Adam Roe

Resigned 7 April 2021 Resigned 25 September 2020

Charity number 1122128 Company number 06342828 Registered and principal address Bankers

Registered in England and Wales Registered in England and Wales

South Square Centre Barclays South Square 1 Churchill Place Thornton London Bradford BD13 3LD E14 5HP

Independent examiner

Rhys North ACA West Yorkshire Community Accounting Service Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a company limited by guarantee and was incorporated on 14 August 2007. It is governed by a memorandum and articles of association. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.

Method of recruitment and appointment of trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.

2

The Thornton & Allerton Community Association Limited

Trustees' report (continued) for the year ended 31 March 2021

Objectives and activities

The charity's objects

To promote any charitable purposes for the benefit of the inhabitants of Thornton and Allerton and neighbourhood without distinction of sex or of political, religious or other opinions by in particular by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and other leisure-time occupation with the object of improving the conditions of life for the said inhabitants.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.

Achievements and performance

Capital Works

Throughout the past year South Square has been in the process of transformation and securing its future. The Centre has been made fit for purpose through refurbishment of its roof, brickwork, and windows together with the installation of appropriate insulation, new electrics and improved fire safety measures. It has been made possible by capital funding from the National Lottery Heritage Fund. Bradford Council, Garfield Weston Foundation, Arts Council England, Architectural Heritage Fund, the Swire Charitable Trust and the Sylvia Waddilove Foundation have matched this funding.

With support from our design team, led by Bauman Lyons Architects, we invited tenders for a contractor to undertake the work and were pleased to appoint Ilkley-based Dobsons Construction Ltd. All major external works are now complete and new insulation, electrics, heating installation and fire safety improvements are well underway. All work is due to be finished in June, ready for the official re opening of the building in Summer 2021. Fortunately, the refurbishment has been able to continue throughout the extended lockdown periods of the last financial year. There have been lots of positive feedback from residents who have enjoyed seeing the building being transformed, particularly at a time, when there hasn’t been much else happening!

The improvements to the building don’t end there. We have also been working with Yvonne Deane Associates to fundraise for the installation of secondary glazing on 99 of the sash windows. The consequent space will be much more energy efficient thereby reducing running costs considerably. We are pleased to have already received support for the project from Awards for All and the Coop Foundation. We are hoping to carry out installation before the next winter.

Additionally, Digital Enterprise have enabled us to improve our internet infrastructure and will increase our internet speed by 95%. This will bring the Centre firmly into the 21st Centre and dramatically open up the sorts of opportunities we can offer as well as being attractive to a wider range of possible tenants and users. Consequently, South Square’s sustainability will be further secured, particularly when video conferencing becomes much more prevalent.

Outside Areas

We have hosted a couple of successful volunteer days aimed at making the most of our outside spaces and in particular renovating the rear garden area. Arts Council England, Bradford Council and Bradford VCS have provided funding to support this development. The Project will include a well-lit and covered area that will enable the Centre to make increased use of this lovely amenity. The garden will provide a safe place to welcome people who might feel hesitant participating in community activities following long periods of isolation. We cannot wait to welcome people back to enjoy the Centre’s refurbishment but it is anticipated that an “official “garden opening will coincide with Thornton’s Open Garden weekend in July.

3

The Thornton & Allerton Community Association Limited

Trustees' report (continued) for the year ended 31 March 2021

Achievements and performance continued

Activities

Covid-19 has, of course, presented some real challenges in terms of the Centre’s activities. However, we have been quick to adapt much of the heritage, arts and wellbeing programmes. These adaptations have included garden events, in partnership with local care home, Rose Cottage. Activity packs designed for local sheltered accommodation residents have been welcomed. Zoom workshops have enabled local artists to meet, learn from each other and share ideas and experiences despite the restrictions imposed by Lockdown. We worked with 270 secondary school children on a project called “Shaping Thornton” to create designs for future development. Twelve of these were exhibited on a large scale mural attached to the buildings scaffolding. Our Wellbeing Weekend events were adapted into a Mindful May programme of videos, sharing tips on foraging, tai chi, yoga, weaving, gardening and creative writing.

Together with Thornton Community Centre and Sapgate Gardens Association, the Centre has organised its second “Thornton Winter Light” festival. It is so positive to see other local community organisations flourishing and for us to have the opportunity to work together more closely. Over 800 people participated in the Winter Light Festival creating paper lanterns, window displays, light installations and touring the village.

As part of our heritage programme, “Echoes of Thornton”, we delivered Oral History training to a group of volunteers, who in turn interviewed people that had lived at South Square when it comprised twelve workers cottages. Highlights and anecdotes from these oral history interviews were collated by artists Lucy Barker and Lucy Courtney Clegg and developed into a guided walk with a series of short animations that can be viewed on a smart phone show. Maps have been available to pick up from South Square’s Courtyard. Local residents have enjoyed developing extra insight into their familiar territory.

Chair of the Board, Rosie Freeman, researched and created an hour long ‘Queering the Brontës’ radio show which was broadcast on BCB as part of the city wide LGBT+ History programme, in February.

We were able to host some socially distanced workshops in August 2020 for groups of six people. These included Cyanotype printing using archive images with Jenny Wren. Hilary Tan led a Calligraphy session using quotes from the Brontës' work. As part of BMDC’s Pandemic Response Fund 1 activities, we designed a triptych of zines called Thornton by Post collating responses to prompts from local residents as well as little fun Bronte booklets based on each of the sisters. We hosted a Welcome Back exhibition from August to October 2020 showcasing creative work made by local residents during lockdown. Visitors and participants valued returning to the Centre and seeing their work displayed.

Artist, Anji Timlin, hosted the South Square Sketchers group online, enabling participants, some of whom have been shielding, to draw the view from their windows. Sessions focused on collaboration and extending skills and experiences while concentrating on the area’s heritage and natural resources.

Emerging Artist Robyn Nichol hosted two Beginners embroidery workshops featuring old shop signs from the local area.

Anne Crowther worked with Thornton Medical Centre Health Champions to deliver a series of weaving workshops. Anne also developed a collaborative artwork with local families which was displayed as part of the Welcome Back exhibition.

4

The Thornton & Allerton Community Association Limited

Trustees' report (continued) for the year ended 31 March 2021

Achievements and performance continued

Learning

As an organisation South Square has learnt a tremendous amount in the lead up to this capital project and throughout the process. It has ensured that others benefit from this insight, at both local and international levels. The Centre Director, Yvonne Carmichael has presented “The South Square Story “ to other groups looking to undertake similar buildings development, as part of “Locality’s Power to Change Community Asset Transfer” programme. Yvonne Carmichael and the Centre’s Programme Manager, Alice Withers were also guest mentors as part of an international artists residency exploring ‘Embedded arts practice in a post pandemic future’ organized by Michelangelo Pistolettos foundation Cittadellarte’s in Biella, Italy.

The Centre has appointed its first Heritage Activities Trainee, Chloe Moreton, who has designed activities inspired by Thornton Antiquarian Society’s archive.

As part of BMDCs Pandemic Response Fund 2 project, she has created activity packs directed at Key Stage 3 pupils, to support their home schooling. They were also delivered, in partnership with Thornton Community Centre, as part of locally organised food parcels. Chloe has also created two popular “Paint by Numbers” kits based on Thornton Viaduct and The Brontë Bell Chapel, these were delivered to local residents in sheltered accommodation and available to collect from the Centre.

Tenants and Users

Our artists’ studios continued to be used through the initial lockdown from April to October, providing a welcome distraction from the pandemic for studio holders and a space for them to continue their practice. It has been a particularly tough year for our bar and cafe tenants who make such an important contribution to the Centre’s footfall. National Lockdown restrictions and Bradford local tier restrictions have meant that, apart from a few opportunities to collect takeaway drinks, the bar has been closed for the year. Plenty at the Square has been open for takeaway coffees, cakes, lunches whenever restrictions have allowed, and they have also developed a new veg box delivery scheme. The cafe has been an important point of contact for local people to say hello, however briefly, to some friendly faces during difficult months. We have been pleased to receive support from Arts Council England and Bradford Council. This has enabled us to offer all tenants support to access Covid grants and provide a five month rent free period for all tenants, between October 2020 and March 2021.

As Thornton Antiquarian Societies archive has also been closed for much of the year, we have worked with the Societies chair and archivists to keep in touch with members sending out regular newsletters and quizzes. To mark International Women’s Day, photos from the archive were curated as part of a light box window display, by volunteer Freya Stansfield.

5

The Thornton & Allerton Community Association Limited

Trustees' report (continued) for the year ended 31 March 2021

Achievements and performance continued

Press and Publicity

South Square has received some very positive press including many articles in the Telegraph and Argus as well as a couple of front-page features. Further afield, coverage has also included the Yorkshire Evening Post and the BBC website. Yvonne and Alice have given numerous interviews and joined panels on BBC Radio Leeds and Bradford, BBC Radio 2 and BCB.

As part of the buildings work survey it was discovered that the Centre has three resident bats. As South Square is very near the actual Brontë Birthplace it was decided to name the bats Anne, Emily and Charlotte. Our buildings manager Daniel Butterfield and Trainee Chloe Moreton together created a splendid bat box in the shape of the Brontë Birthplace and it has been successfully installed at the highest point of the building following the advice of Brooks Ecological. This anecdote has proved to be popular with local residents and press and thanks are due to Faye Dawson’s help in spreading the word.

We have also been invited by Bradford 2025 to undertake a “social media takeover “project. This represents another welcome opportunity to be part of the wider conversation about the importance and future of the Arts in the district.

The devastating Covid Pandemic has highlighted the power that culture and inspiration has to enhance our well being and South Square is proud to be at the forefront of the campaign to increase creative opportunities aimed at restoring its local and wider communities. We hope that South Square provides a great example of what can be achieved through community-led regeneration.

Financial review

The net income for the year was £142,874, including net income of £45,895 on unrestricted funds and net income of £96,979 on restricted funds, after transfers.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £68,193.

The Board of Trustees has established a policy whereby the charity aims to have unrestricted reserves that would be sufficient to cover six months expenditure, redundancy costs for employed staff and enable the retention of £10,000 as a sinking fund for the building. As at 31 March 2021 this equates to £49,500.

At the time of signing these accounts the charity has continued to be impacted by the global Covid-19 virus. The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.

6

The Thornton & Allerton Community Association Limited Trustees' report (continued) for the year ended 31 March 2021

Statement of trustees' responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Signed on behalf of the board of trustees on 29/09/2021

Dominic Sheard (Trustee)

7

The Thornton & Allerton Community Association Limited

Independent examiner's report to the trustees of The Thornton & Allerton Community Association Limited

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021, which are set out on pages 9 to 18.

Responsibilities and basis of report

As the charity's trustees of the charitable 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 charitable 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 ('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

Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act.

I confirm that I am qualified to undertake the examination because I am a member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Rhys North ACA

29/09/2021

West Yorkshire Community Accounting Service

Stringer House 34 Lupton Street Leeds LS10 2QW

8

The Thornton & Allerton Community Association Limited

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2021

Notes
2021
Unrestricted
funds
£
Income from:
Grants and donations
(2)
18,030
Rents and bookings
14,991
Fundraising and other income
3,622
Gallery, workshop income and sales
1,300
Bank interest
106
Total income
38,049
Expenditure on:
Salaries and NI
(3)
14,289
Payroll charges
979
Rent, rates and water
847
Light and heat
823
Property maintenance, cleaning and repairs
2,898
Bursaries paid and Joan Day costs
-
Advertising, publicity and marketing
-
Events and activities
118
Artists fees and commissions
728
Insurance
2,761
Independent examiner fee
840
Sundries and other office costs
119
Telephone and internet
316
Professional fees and consultancy
287
Building contractors
-
Entertainment
-
Volunteer expenses and support
5
Licencing and subscriptions
377
Project costs
280
Depreciation
1,552
Total expenditure
27,219
Net income / (expenditure)
10,830
Transfers between funds
35,065
Net movement in funds
45,895
Fund balances brought forward
26,948
Fund balances carried forward
(4)
72,843		 2021
Restricted
funds
£
595,940
-
-
-
-
595,940
49,417
-
-
7,500
3,728
-
5,517
-
7,691
1,377
-
-
2,387
78,446
279,690
-
247
151
11,773
15,972
463,896
132,044
(35,065)
96,979
166,367
263,346		 2021
Total
funds
£
613,970
14,991
3,622
1,300
106
633,989
63,706
979
847
8,323
6,626
-
5,517
118
8,419
4,138
840
119
2,703
78,733
279,690
-
252
528
12,053
17,524
491,115
142,874
-
142,874
193,315
336,189		 2020
Total
funds
£
122,480
40,127
750
7,535
350
171,242
45,231
733
2,661
12,925
6,667
1,800
-
1,504
8,748
3,101
750
1,762
432
94,205
-
464
268
336
3,856
378
185,821
(14,579)
-
(14,579)
207,894
193,315

All incoming resources and resources expended derive from continuing activities.

9

The Thornton & Allerton Community Association Limited

Balance sheet

as at 31 March 2021
2021
Unrestricted
£
Fixed assets
Tangible assets
(5)
4,650
Total fixed assets
4,650
Current assets
Debtors and prepayments
(6)
4,687
Cash at bank
115,387
Total current assets
120,074
Current liabilities:
amounts falling due within one year
Creditors and accruals
(7)
51,881
Total current liabilities
51,881
Net current assets / (liabilities)
68,193
Net assets
72,843
Funds
Unrestricted funds
72,843
Restricted funds
-
Total funds
72,843		 2021
Restricted
£
143,365
143,365
132,198
164,769
296,967
176,986
176,986
119,981
263,346
-
263,346
263,346		 2021
Total
£
148,015
148,015
136,885
280,156
417,041
228,867
228,867
188,174
336,189
72,843
263,346
336,189		 2020
Total
£
3,402
3,402
5,713
189,613
195,326
5,413
5,413
189,913
193,315
26,948
166,367
193,315

For the year ending 31 March 2021 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on 29/09/2021

Dominic Sheard (Trustee)

10

The Thornton & Allerton Community Association Limited Statement of cash flows

for the year ended 31 March 2021

Cash flows from operating activities:
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Dividends and interest
Proceeds of sale of assets
(Purchase of tangible fixed assets)
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Repayments on borrowing
Cash inflows from new borrowing
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Adjustments for:
Depreciation charges
(Dividends and interest from investments)
Loss / (profit) on sale of fixed assets
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash provided by (used in) operating activities
Analysis of cash and cash equivalents
Cash at bank
Total cash and cash equivalents
Reconciliation of net movement in funds to net cash flow
from operating activities
Net movement in funds for the reporting period (as per the
statement of financial activities)
Cash in hand		 2021
£
202,574
106
-
(162,137)
(162,031)
-
50,000
50,000
90,543
189,613
280,156
2021
£
142,874
17,524
(106)
-
(131,172)
173,454
202,574
2021
£
280,156
-
280,156		 2020
£
(21,162)
350
-
(3,780)
(3,430)
-
-
-
(24,592)
214,205
189,613
2020
£
(14,579)
378
(350)
-
(2,078)
(4,533)
(21,162)
2020
£
189,613
-
189,613

11

The Thornton & Allerton Community Association Limited

Notes to the accounts

for the year ended 31 March 2021

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.

The 2020 accounts have been restated to show the leasehold improvements (net book value of £3,402 at 31 March 2020) as a restricted fixed asset, having previously been shown as an unrestricted fixed asset. No other changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Alterations to Leasehold Property: over 10 years Office Equipment: over 4 years

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

12

The Thornton & Allerton Community Association Limited

Notes to the accounts

for the year ended 31 March 2021

1 Accounting policies continued

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Leases

Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.

13

The Thornton & Allerton Community Association Limited

Notes to the accounts continued

for the year ended 31 March 2021

2 Grants and donations
National Heritage Lottery Fund
Architectural Heritage Fund
Arts Council England (ACE)
Arts in Unusual Spaces CIC
Bradford Metropolitan District Council (BDMC)
Bradford VCS
Co-operative Society
HMRC Job Retention Scheme
Sylvia Waddilove Foundation
Swire Charitable Trust
The Brelms Trust CIO
Naional Lottery Awards for All
Donations
3 Staff costs and numbers
Gross salaries
Social security costs
Employment allowance
Pensions		 2021
Unrestricted
funds
£
-
-
-
-
16,875
-
-
-
-
-
-
-
1,155
18,030		 2021
Restricted
funds
£
293,639
-
218,578
-
52,516
1,000
12,369
2874
-
-
5,000
9,964
-
595,940		 2021
Total
funds
£
293,639
-
218,578
-
69,391
1,000
12,369
2,874
-
-
5,000
9,964
1,155
613,970
2021
£
62,686
3,986
(3,986)
1,020
63,706		 2020
Total
funds
£
32,863
15,000
6,093
1,000
21,625
1,000
11,829
-
3,000
24,000
5,000
-
1,070
122,480
2020
£
44,582
2,689
(2,689)
649
45,231
The average number employees during the year was 4.8, being an average of 2.7 full time equivalent The average number employees during the year was 4.8, being an average of 2.7 full time equivalent (2020: 4,
1.9 FTE). There were no employees with emoluments above £60,000.
Defined contribution pension scheme 2021 2020
£ £
Costs of the scheme to the charity for the year 1,020 649
Amount of any contributions outstanding at the year end - -
Amount of any contributions prepaid at the year end - -

14

The Thornton & Allerton Community Association Limited

Notes to the accounts continued

for the year ended 31 March 2021

4 Restricted funds
Joan Day
Fit for the Future Project
ACE - Small Capital
ACE - Cultural Recovery Fund
ACE - Emergency Fund
Brelms Trust
Bradford VCS
BDMC - Community Buildings
BDMC - Response Grant
BDMC - Home Schooling
BDMC - Lit Funding
Co-operative Society
Garden Fund
HMRC Job Retention Scheme
Community Arts Centre		 Balance b/f
£
5,077
148,971
893
-
-
3,426
1,000
-
-
-
-
3,598
-
-
3,402
166,367		 Incoming
£
-
353,567
155,042
52,592
10,944
5,000
-
7,500
675
1,350
1,491
2,405
2,500
2,874
595,940		 Outgoing
£
-
391,756
-
30,880
2,125
4,330
1,000
7,500
675
-
1,491
3,793
1,500
2,874
15,972
463,896		 Transfers
£
-
(4,534)
(155,935)
(21,712)
(8,819)
-
-
-
-
-
-
-
-
-
155,935
(35,065)		 Balance c/f
£
5,077
106,248
-
-
-
4,096
-
-
-
1,350
-
2,210
1,000
-
143,365
263,346

Fund name

Joan Day Fit for the Future Project

Purpose of restriction

Provision of bursaries.

Delivery Phase support: To undertake the capital refurbishment of Grade II listed South Square Centre, including refurbishment of 99 sash windows, the roof and brickwork as well as the introduction of heating, insulation, new electrics, key suiting and fire safety measures. Alongside the capital works there has been a wellbeing, arts and heritage activities programme reaching out to schools, colleges, care homes, local residents and families.

In the period ending 31 March 2019 the charity received grants for this project from The National Lottery Heritage Fund and Garfield Weston Foundation. In the year ending 31 March 2020 funding has again been received from The National Lottery Heritage Fund together with grant support from Bradford Council; Sylvia Waddilove Trust and the Swire Trust. In the year ending 31 March 2021 funding has again been received from The National Lottery Heritage Fund and Bradford Council together with grant support from the Co-op and The National Lottery.

ACE - Small Capital

ACE - Cultural Recovery Fund

ACE - Emergency Fund

Brelms Trust Bradford VCS

BDMC - Community Buildings BDMC - Response Grant BDMC - Home Schooling BDMC - Lit Funding

Co-operative Society

For the improvement of South Square building. The transfer is for capital costs concerning alterations and improvements to the leasehold property. For the support of cultural venues affected by the pandemic. The transfer is a transfer for capitalised equipment and a contribution to reserves.

Emergency funding to help secure cultural organisations during the first three months of the Covid-19 pandemic. The transfer represents a contribution to reduced rental income.

Community outreach creative workshops with local care homes. Asset Based Community Development funding to develop South Square's wellbeing and outreach programme.

To support the running costs of South Square. To support creative projects in the community during lockdown. To undertake creative projects with home schooling families.

Lit funding for projects to take place over the darker months of the year including the Thornton Winter Window Light Festival. Space to Connect funding to respond to social isolation and loneliness.

15

The Thornton & Allerton Community Association Limited

Notes to the accounts continued

for the year ended 31 March 2021

4 Restricted funds continued

Fund name Garden Fund HMRC Job Retention Scheme Community Arts Centre

Purpose of restriction

Funding from Bradford Council and Bradford VCS to renovate South To contribute towards the salary costs of furloughed staff.

For the capitalisation of funding from a restricted capital grant from the Arts Council England concerning improvements to South Square. Expenditure relates to depreciation charges and the transfer is for the in year capitalisation of costs.

5
6
**7 **		 Tangible assets
Cost
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
Debtors and prepayments
Debtors
Prepayments
Creditors and accruals
Creditors
Accruals
Loan		 £
-
6,202
6,202
-
1,552
1,552
4,650
-
Office
Equipment		 £
3,780
155,935
159,715
378
15,972
16,350
143,365
3,402
2021
£
135,636
1,249
136,885
2021
£
178,027
840
50,000
228,867
Alterations
to
Leasehold
Property		 Total
£
3,780
162,137
165,917
378
17,524
17,902
148,015
3,402
2020
£
5,521
192
5,713
2020
£
4,663
750
-
5,413

16

The Thornton & Allerton Community Association Limited

Notes to the accounts continued

for the year ended 31 March 2021

8 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Remuneration and benefits received by key management personnel

The total amount of employee benefits received by key management personnel was £25,820.

9 Operating leases
Within one year
In the second to fifth years inclusive
Over five years from the balance sheet date
Expected future minimum lease payments over the remaining
life of the lease, analysed into the period in which the
commitment falls due:		 Hygiene
Units
£
355
355
-
710

10 Capital commitments

The charity had capital commitments for the building improvement works to South Square of £341,960 at 31 March 2021.

11 Funds held as an agent

The charity has acted as an agent for The Friends of Thornton Library. At 31 March 2021 £797 (31 March 2020 - £797) was held. No receipts or payments were made on behalf of the library during the year.

17

The Thornton & Allerton Community Association Limited

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2021

2021
2020
Unrestricted Unrestricted
funds
funds
£
£
Income
Grants and donations
18,030
19,534
Rents and bookings
14,991
40,127
Fundraising and other income
3,622
750
Gallery, workshop income and sales
1,300
7,535
Bank interest
106
350
Total income
38,049
68,296
Expenditure
Salaries and NI
14,289
21,196
Payroll charges
979
733
Rent, rates and water
847
2,661
Light and heat
823
12,925
Property maintenance
2,898
6,542
Bursaries paid and Joan Day costs
-
-
Advertising, publicity and marketing
-
-
Events and activities
118
1,324
Artists fees and commissions
728
3,137
Insurance
2,761
3,101
Independent examiner fee
840
750
Sundries and other office costs
119
1,695
Telephone and internet
316
432
Professional fees and consultancy
287
461
Building contractors
-
-
Entertainment
-
464
Volunteer expenses and support
5
11
Licencing and subscriptions
377
336
Project costs
280
1,020
Depreciation
1,552
-
Total expenditure
27,219
56,788
Net income / (expenditure)
10,830
11,508
Transfers between funds
35,065
6,363
Net movement in funds
45,895
17,871
Fund balances brought forward
26,948
9,077
Fund balances carried forward
72,843
26,948		 2021
Restricted
funds
£
595,940
-
-
-
-
595,940
49,417
-
-
7,500
3,728
-
5,517
-
7,691
1,377
-
-
2,387
78,446
279,690
-
247
151
11,773
15,972
463,896
132,044
(35,065)
96,979
166,367
263,346		 2020
Restricted
funds
£
102,946
-
-
-
-
102,946
24,035
-
-
-
125
1,800
-
180
5,611
-
-
67
-
93,744
-
-
257
-
2,836
378
129,033
(26,087)
(6,363)
(32,450)
198,817
166,367		 2021
Total
funds
£
613,970
14,991
3,622
1,300
106
633,989
63,706
979
847
8,323
6,626
-
5,517
118
8,419
4,138
840
119
2,703
78,733
279,690
-
252
528
12,053
17,524
491,115
142,874
-
142,874
193,315
336,189		 2020
Total
funds
£
122,480
40,127
750
7,535
350
171,242
45,231
733
2,661
12,925
6,667
1,800
-
1,504
8,748
3,101
750
1,762
432
94,205
-
464
268
336
3,856
378
185,821
(14,579)
-
(14,579)
207,894
193,315

18