COMPANY REGISTRATION NUMBER: 06465699 CHARITY REGISTRATION NUMBER: 1124135
Horden Youth and Community Centre Company Limited by Guarantee Unaudited Financial Statements 31 December 2020
CENSIS
Chartered accountant Exchange Building 66 Church Street Hartlepool TS24 7DN
Horden Youth and Community Centre
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2020
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 8 |
| Statement of financial activities (including income and | |
| expenditure account) | 10 |
| Statement of financial position | 11 |
| Statement of cash flows | 12 |
| Notes to the financial statements | 13 |
Horden Youth and Community Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2020
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2020.
Reference and administrative details
Registered charity name Horden Youth and Community Centre Charity registration number 1124135 Company registration number 06465699 Principal office and registered Eden Street office Horden Peterlee SR8 4LH Durham The trustees Edna Connor Mary Molyneux Mary Rutherford Antony Robinson (Resigned 20 September 2021) Dorothy Welch Alexandrina Park (Resigned 20 September 2021) Daree Hyde Chas Stoddard Kenneth Lincoln Stephen Hall Clark (Appointed 5 October 2020) Norman Bayles (Appointed 14 December 2020) John Pond (Appointed 14 December 2020) Accountants Censis Chartered accountant Exchange Building 66 Church Street Hartlepool TS24 7DN
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated as a company on 17 January 2008 and registered as a charity on 19 May 2008. The company was established under a Memorandum of Association which was received to accommodate and clarify charitable status.
1
Horden Youth and Community Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Objectives and activities
The charity's objects are :
-
To promote the benefit of the inhabitants of Horden and the neighbourhood without distinction of sex or political, religious, or other opinions by associating the local authorities, voluntary organisations and the inhabitants in a common effort to advance education and provide faciliites in the interests of social welfare for the recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.
-
To establish Horden Youth and Community Centre and to maintain and manage, or to cooperate with the statutory authority in the maintainance and management of such a centre for activities promoted by the charity and its constituent bodies.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
2
Horden Youth and Community Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Achievements and performance
2020 was an … unusual year. HYCC had: three managers; two chairpersons; and a global pandemic which necessitated the total closure of the Centre for six months. Throughout the upheaval, we continued our partnership with Eden Hill and Groundworks through the Big Lottery Community Fund, and with East Durham Trust's FEED project.
Funders for 2020, as well as the Big Lottery, included East Durham Trust (peer support, Welfare advice, holiday hunger and Covid support); Believe Housing (Hub Grub); Durham County Council (Covid support and Men in Sheds); the final instalment from Henry Smith Charity (running costs); Awards for All (refurbishment of hall floor and carpeting Dining Room and Training Room); Street Games (fitness classes); and East Durham AAP (holiday provision).
Financially, HYCC remained in a healthy position throughout the year (especially compared with other businesses and charities) - a situation which continued into 2021.
In order to make this report as clear and concise as possible, it is probably best to divide the year into quarters!
Quarter One: January to March
In terms of activities and courses, this was business as usual.
Employability and Education:
The Job Club continued under the Lottery-funded coaches on Mondays and Saturdays. Sunderland College continued to deliver IT and Maths classes. Learning Curve delivered an SIA course (security) and University College Quayside delivered a CSCS course (construction). Greatest Expectations delivered Taxi, Social Care and Logistics courses, although none of these were completed.
Welfare:
Welfare continued to be a major stand out feature. As well as our formal support, staff were also advising residents on a daily basis, covering benefits as well as deeper social issues. The Credit Union supported approximately 85 people. Our various support and IAG groups, which cover a huge array of issues including Mental Health, Diabetes, Cancer Awareness and "-ostomies", in total supported more than 700 people.
Socialisation:
As ever, socialisation is the cornerstone of our work, and we provided socialisation activities for approximately 900 people - well on target. These included Horden Young Citizens; craft groups; Garage NE Dance; various exercise classes; Bella Coffee; Hub Grub Community Café; FAB Bingo and Sugarcraft - of which only two classes of five could be completed.
Building Compliance:
PAT Testing was carried out.
3
Horden Youth and Community Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Achievements and performance (continued)
Management:
A Trustee meeting in January resulted in a Vote of No Confidence being passed against the Chair of Trustees. This followed ongoing internal conflicts within the Centre carried over from 2019. The Chair was informed of the decision and offered a Right of Reply and/or the opportunity to resign. This was scheduled for March 23rd. The Centre Manager also tendered his resignation, effective from April 1st, due to the offer of a new post.
Unfortunately, the implementation of a national lockdown due to Covid 19, a coronavirus forming a global pandemic, forced the indefinite closure of the Nursery on March 16th and the whole Centre on March 23rd.
Staff - Centre and Nursery - were "furloughed", effectively stopping all administration and management activity while still receiving salaries.
Quarter Two: April to June
Full closure meant that there were no in-house activities carried out at all.
Welfare:
We opened for two hours a day with volunteers working with East Durham Trust in case food parcels were needed for residents; we were a delivery/pick-up centre only and no members of the public were allowed into the building.
Socialisation:
Horden Young Citizens Project began delivering online sessions to their members so they were able to keep in contact with each other and continue their support and encouragement to young people.
Management and Administration:
The furlough scheme meant that, legally, only two hours of essential administration could be carried out a month, so this time was used to ensure the payment of salaries and essential bills. HMRC implemented a "Job Retention Scheme" whereby the government paid businesses 80% of the wages bill. Because of the Lottery and Henry Smith grants, the Centre was able to cover the remaining 20% so no members of staff had a reduction in income.
The outgoing Centre Manager deferred his resignation during this period and so remained in charge. However, travel was severely restricted, so it was essential that someone immediately local was available at all times. The Facilities Manager therefore "acted up" as manager on the ground.
We continued with applications for a replacement over this period, with interviews set for July if lockdown allowed.
Building Matters:
It wasn't all bad news! Knowing lockdown was imminent, the Manager applied to Awards for All in March for a refurbishment grant and this was granted in May. With the Centre empty, we were able to have the floors sanded and finished in the Nursery rooms, Barbara Dunn room, and Sports Hall, and the Main Hall floor was spruced up. We also had the Training and Dining rooms completely recarpeted.
4
Horden Youth and Community Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Achievements and performance (continued)
Quarter Three: July to September
The second half of 2020 began with the Facilities Manager taking over as Acting Manager until interviews were carried out in mid-July. Following a government announcement on reopening of businesses from mid-July onwards, it was decided that HYCC would reopen in a limited capacity from August 3rd. As a result of this decision, most of July was spent preparing to open in a "Covid-safe" manner following a detailed Risk Assessment based specifically on safeguards against the virus.
Welfare:
We continued opening for two hours a day for food parcel referral and delivery in July.
The Credit Union restarted on August 5th.
Socialisation:
Horden Young Citizens continued online delivery of sessions, with outdoor meetings later in the quarter when this was allowed. Garage NE returned with limited numbers.
The Clippy Mat and Card groups returned, although social distancing rules meant that room capacity was limited to six people per room. This proved too difficult for the card group to maintain and they stopped the group again. The Art Group and FAB Club decided that, as they were all "clinically vulnerable", they would wait to see how matters progressed countrywide. The Hub Grub Community Café returned as a takeaway service and proved popular, with an average of twelve customers a week.
Management and Administration:
Interviews were held for a new Centre Manager and Selina Turner was appointed, taking up the position on August 3rd. The Nursery resumed business in September.
The government furlough scheme was extended to allow part-time working, whereby the business paid for hours worked and the government made up the rest of the salary up to 80%. Both managers also opted to divide their time between the office and home working during this period, and the Trustees authorised the purchase of two laptops to enable this.
Building Matters:
The implementation of Covid-safe opening meant that a one-way system was created; doorbell entry only was implemented; hand sanitizer was installed at all entrances and exits (including individual rooms); face coverings were mandatory; social distancing (2 metres between individuals) was enforced; the "Rule of 6" applied to all groups and rooms (ie only six socially-distanced people were allowed to meet indoors); and parents were no longer allowed to bring their children into the Centre for either Nursery or dance, with young people being met at the doors.
5
Horden Youth and Community Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Achievements and performance (continued)
Quarter Four: October to December
The final quarter of the year became a minefield of negotiating government mandates and the fulfilment of HYCC's legal obligations. The Nursery was open throughout the quarter (except half term), but the Centre had restricted opening in October and December, and was closed in November due to a second nationwide lockdown.
Welfare:
The Credit Union was able to operate throughout, including during the lockdown, due to the nature of their business.
Socialisation:
The Young Citizens still felt it unwise to return in any major capacity. The dance classes, however, continued in October and December but closed for November.
Management and Administration:
The Chairperson was legally removed as Officer and Trustee of HYCC under Section 168 of the Companies Act, having been offered both Right of Reply and several opportunities to resign. The Management Board was subsequently re-organised.
The Annual General Meeting was held at the last possible legal date in December with all Trustees stepping down and applying for re-election, thus ratifying the positions of Interim Officers appointed in October.
The end of November had seen the government implement a Tier System of restrictions across the UK, and by the end of December it appeared that HYCC should be able to re-open in January as normal. This, however, proved not to be the case and, with the New Year, it simply remains to be seen what 2021 will have in store. HYCC remains in a stable financial position and extensions to all necessary funding have been granted. We hope that 2021 will allow us to return to some kind of normal operation!
Financial review
The Community Centre generated an income of £358,362 and a net surplus of £18,453. Funders in 2020 included: National Lottery Community Fund, East Durham Trust; Believe Housing; Durham County Council; the final instalment from Henry Smith Charity; Awards for All; Street Games; and East Durham AAP.
The reserves of the charity at the year end amounted to £184,516. Unrestricted reserves amount to £62,021 with actual free reserves (i.e. Total reserves excluding fixed assets and designated funds) amounted to £36,227.
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Horden Youth and Community Centre
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
The trustees' annual report and the strategic report were approved on 27th October 2021 and signed on behalf of the board of trustees by:
Edna Connor Director
7
Horden Youth and Community Centre
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Horden Youth and Community Centre
Year ended 31 December 2020
I report to the trustees on my examination of the financial statements of Horden Youth and Community Centre ('the charity') for the year ended 31 December 2020.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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
Since the charity’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 the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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 charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements 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 financial statements 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).
8
Horden Youth and Community Centre
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Horden Youth and Community Centre (continued)
Year ended 31 December 2020
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.
CENSIS Chartered accountant
Exchange Building 66 Church Street Hartlepool TS24 7DN
Dated 27th October 2021
9
Horden Youth and Community Centre
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
31 December 2020
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 34,909 | 305,141 | 340,050 | 245,048 |
| Charitable activities | 6 | 11,015 | 7,123 | 18,138 | 178,235 |
| Investment income | 7 | 174 | – | 174 | 188 |
| | | | | ||
| Total income | 46,098 | 312,264 | 358,362 | 423,471 | |
| | | | | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8 | 66,096 | 273,813 | 339,909 | 397,352 |
| | | | | ||
| Total expenditure | 66,096 | 273,813 | 339,909 | 397,352 | |
| | | | | ||
| | | | | ||
| Net income and net movement in | funds | (19,998) | 38,451 | 18,453 | 26,119 |
| | | | | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 82,019 | 84,044 | 166,063 | 139,944 | |
| | | | | ||
| Total funds carried forward | 62,021 | 122,495 | 184,516 | 166,063 | |
| | | | |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 13 to 21 form part of these financial statements.
10
Horden Youth and Community Centre
Company Limited by Guarantee
Statement of Financial Position
31 December 2020
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible fixed assets | 13 | 25,794 | 31,979 |
| Current assets | |||
| Debtors | 14 | – | 1,025 |
| Cash at bank and in hand | 162,621 | 147,549 | |
| | | ||
| 162,621 | 148,574 | ||
| Creditors: amounts falling due within one year | 15 | 3,899 | 14,490 |
| | | ||
| Net current assets | 158,722 | 134,084 | |
| | | ||
| Total assets less current liabilities | 184,516 | 166,063 | |
| | | ||
| Net assets | 184,516 | 166,063 | |
| | | ||
| Funds of the charity | |||
| Restricted funds | 122,495 | 84,044 | |
| Unrestricted funds | 62,021 | 82,019 | |
| | | ||
| Total charity funds | 17 | 184,516 | 166,063 |
| | |
For the year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 27th October 2021, and are signed on behalf of the board by:
Edna Connor Director
The notes on pages 13 to 21 form part of these financial statements.
11
Horden Youth and Community Centre
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 December 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 18,453 | 26,119 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 8,735 | 13,724 |
| Other interest receivable and similar income | (174) | (188) |
| Changes in: | ||
| Trade and other debtors | 1,025 | 833 |
| Trade and other creditors | (10,591) | 13,826 |
| | | |
| Cash generated from operations | 17,448 | 54,314 |
| Interest received | 174 | 188 |
| | | |
| Net cash from operating activities | 17,622 | 54,502 |
| | | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | (2,550) | (10,687) |
| | | |
| Net cash used in investing activities | (2,550) | (10,687) |
| | | |
| Net increase in cash and cash equivalents | 15,072 | 43,815 |
| Cash and cash equivalents at beginning of year | 147,549 | 103,734 |
| | | |
| Cash and cash equivalents at end of year | 162,621 |
147,549 |
The notes on pages 13 to 21 form part of these financial statements.
12
Horden Youth and Community Centre
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2020
1. General information
The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Eden Street, Horden, Peterlee, SR8 4LH, Durham.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
13
Horden Youth and Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
14
Horden Youth and Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 25% reducing balance Fixtures and fittings - 25% reducing balance Equipment - 33% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
Horden Youth and Community Centre is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such ammount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
15
Horden Youth and Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 2,200 | – | 2,200 |
| Fund Generation | 22 | – | 22 |
| In Kind Direct | 511 | – | 511 |
| Grants | |||
| Durham County Council | – | 102,340 | 102,340 |
| Big Lottery Community Fund | – | 129,839 | 129,839 |
| East Durham Trust | – | 2,790 | 2,790 |
| The Henry Smith Charity | – | 20,550 | 20,550 |
| Believe Housing | – | 2,000 | 2,000 |
| Street Games | – | 744 | 744 |
| Awards for All | – | 9,446 | 9,446 |
| East Durham Area Action Partnership | – | 350 | 350 |
| Local Authority Business Support Grant | 10,000 | – | 10,000 |
| Job Retention Scheme | 22,176 | 37,082 | 59,258 |
| | | | |
| 34,909 | 305,141 | 340,050 | |
| | | | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2019 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 3,259 | – | 3,259 |
| Fund Generation | 91 | – | 91 |
| Grants | |||
| Tudor Trust | – | 30,000 | 30,000 |
| Big Lottery Community Fund | – | 142,320 | 142,320 |
| AAP Foundation | – | 13,992 | 13,992 |
| Greggs Foundation | – | 955 | 955 |
| East Durham Trust | – | 1,700 | 1,700 |
| The Henry Smith Charity | – | 38,000 | 38,000 |
| Believe Housing | – | 3,000 | 3,000 |
| Street Games | – | 6,231 | 6,231 |
| 1989 Willan Trust | – | 5,000 | 5,000 |
| Charities Aid Foundation | – | 500 | 500 |
| | | | |
| 3,350 | 241,698 | 245,048 | |
| | | |
16
Horden Youth and Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
6. Charitable activities
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Room Hire, Subs and Session Fees | 9,401 | 7,033 | 16,434 |
| Refreshments | 4 | – | 4 |
| Postage, Stationery and Photocopying | 157 | – | 157 |
| Other | 1,453 | 90 | 1,543 |
| | | | |
| 11,015 | 7,123 | 18,138 | |
| | | | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2019 | |
| £ | £ | £ | |
| Room Hire, Subs and Session Fees | 11,800 | 160,588 | 172,388 |
| Refreshments | 27 | – | 27 |
| Postage, Stationery and Photocopying | 3,519 | – | 3,519 |
| Other | 1,672 | 629 | 2,301 |
| | | | |
| 17,018 | 161,217 | 178,235 | |
| | | |
7. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | |
| £ | £ | £ | £ | |
| Bank interest received | 174 | 174 | 188 | 188 |
| | | | |
17
Horden Youth and Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
8. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| General Fund | 66,096 | – | 66,096 |
| Big Lottery Community Fund | – | 109,435 | 109,435 |
| The Henry Smith Charity | – | 12,110 | 12,110 |
| Awards For All | – | 9,446 | 9,446 |
| Nursery | – | 133,993 | 133,993 |
| East Durham Trust - Small Grants | – | 2,790 | 2,790 |
| Believe Housing | – | 143 | 143 |
| Street Games | – | 744 | 744 |
| Durham County Council - Small Grants | – | 4,802 | 4,802 |
| East Durham Area Action Partnership | – | 350 | 350 |
| | | | |
| 66,096 | 273,813 | 339,909 | |
| | | | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2019 | |
| £ | £ | £ | |
| General Fund | 23,353 | – | 23,353 |
| Big Lottery Community Fund | – | 129,895 | 129,895 |
| The Henry Smith Charity | – | 40,457 | 40,457 |
| County Durham Community Foundation | – | 2,542 | 2,542 |
| Nursery | – | 150,801 | 150,801 |
| Tudor Trust | – | 27,500 | 27,500 |
| CAF Sensory Garden | – | 500 | 500 |
| AAP Meet, Greet & Eat | – | 5,025 | 5,025 |
| Greggs Community Garden | – | 955 | 955 |
| 1989 Willan Trust | – | 5,000 | 5,000 |
| Cultural Hub | – | 1,700 | 1,700 |
| AAP Holiday Hunger | – | 2,651 | 2,651 |
| Hub Grub | – | 473 | 473 |
| Believe Housing | – | 1,035 | 1,035 |
| Street Games | – | 5,465 | 5,465 |
| | | | |
| 23,353 | 373,999 | 397,352 | |
| | | |
18
Horden Youth and Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
9. Net income
Net income is stated after charging/(crediting):
| Net income is stated after charging/(crediting): | |||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 8,735 | 13,724 | |
| | | ||
| 10. | Independent examination fees | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 600 | 600 | |
| | |
11. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Wages and salaries | 169,572 | 212,232 |
| Social security costs | 6,989 | 8,962 |
| Employer contributions to pension plans | 5,468 | 3,508 |
| | | |
| 182,029 | 224,702 | |
| | |
The average head count of employees during the year was 13 (2019: 13). The average number of full-time equivalent employees during the year is analysed as follows:
| of full-time equivalent employees during the | year is analysed as follows: | |
|---|---|---|
| 2020 | 2019 | |
| No. | No. | |
| Nursery staff | 10 | 10 |
| Centre staff | 3 | 3 |
| | | |
| 13 | 13 | |
| | |
No employee received employee benefits of more than £60,000 during the year (2019: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
19
Horden Youth and Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
13. Tangible fixed assets
| Freehold | Fixtures and | ||||
|---|---|---|---|---|---|
| property | fittings | Equipment | Total | ||
| £ | £ | £ | £ | ||
| Cost | |||||
| At 1 January 2020 | 170,223 | 38,340 | 62,687 | 271,250 | |
| Additions | – | – | 2,550 | 2,550 | |
| | | | | ||
| At 31 December 2020 | 170,223 | 38,340 | 65,237 | 273,800 | |
| | | | | ||
| Depreciation | |||||
| At 1 January 2020 | 142,509 | 37,487 | 59,275 | 239,271 | |
| Charge for the year | 6,929 | 213 | 1,593 | 8,735 | |
| | | | | ||
| At 31 December 2020 | 149,438 | 37,700 | 60,868 | 248,006 | |
| | | | | ||
| Carrying amount | |||||
| At 31 December 2020 | 20,785 | 640 | 4,369 | 25,794 | |
| | | | | ||
| At 31 December 2019 | 27,714 | 853 | 3,412 | 31,979 | |
| | | | | ||
| 14. | Debtors | ||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Prepayments and accrued income | – | 1,025 | |||
| | | ||||
| 15. | Creditors: amounts falling due within | one year | |||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Accruals and deferred income | 600 | 600 | |||
| Social security and other taxes | 2,951 | 2,092 | |||
| Other creditors | 348 | 11,798 | |||
| | | ||||
| 3,899 | 14,490 | ||||
| | |
16. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,468 (2019: £3,508).
20
Horden Youth and Community Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At 1 January | 31 | December | |||
| 2020 | Income | Expenditure | Transfers | 2020 | |
| £ | £ | £ | £ | £ | |
| General Fund | 10,040 | 46,098 | (66,096) | 6,185 | (3,773) |
| Fixed Asset Fund | 31,979 | – | – | (6,185) | 25,794 |
| Designated Fund | 40,000 | – | – | – | 40,000 |
| | | | | | |
| 82,019 | 46,098 | (66,096) | – | 62,021 | |
| | | | | | |
| Restricted funds | |||||
| At | |||||
| At 1 January | 31 | December | |||
| 2020 | Income | Expenditure | Transfers | 2020 | |
| £ | £ | £ | £ | £ | |
| Big Lottery Community | |||||
| Fund | 12,425 | 129,839 | (109,435) | – | 32,829 |
| The Henry Smith Charity | 13,607 | 20,550 | (12,110) | – | 22,047 |
| Nursery | 25,281 | 141,743 | (133,993) | – | 33,031 |
| Tudor Trust | 30,000 | – | – | – | 30,000 |
| Awards For All | – | 9,446 | (9,446) | – | – |
| East Durham Trust - | |||||
| Small Grants | – | 2,790 | (2,790) | – | – |
| Durham County Council | |||||
| - Small Grants | – | 4,802 | (4,802) | – | – |
| Believe Housing - Hub | |||||
| Grub | – | 2,000 | (143) | – | 1,857 |
| Believe Housing | 1,965 | – | – | – | 1,965 |
| Street Games | 766 | 744 | (744) | – | 766 |
| East Durham Area | |||||
| Action Partnership | – | 350 | (350) | – | – |
| | | | | | |
| 84,044 |
312,264 |
(273,813) |
– |
122,495 |
18. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | |
| £ | £ | £ | £ | |
| Tangible fixed assets | 25,794 | – | 25,794 | 31,979 |
| Current assets | 40,126 | 122,495 | 162,621 | 148,574 |
| Creditors less than 1 year | (3,899) | – | (3,899) | (14,490) |
| | | | | |
| Net assets | 62,021 | 122,495 | 184,516 | 166,063 |
| | | | |
21