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2021-12-31-accounts

COMPANY REGISTRATION NUMBER: 06465699 CHARITY REGISTRATION NUMBER: 1124135

Horden Youth and Community Centre Company Limited by Guarantee Unaudited Financial Statements 31 December 2021

CENSIS

Chartered accountants Exchange Building 66 Church Street Hartlepool TS24 7DN

Horden Youth and Community Centre

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2021

Page
Trustees' annual report (incorporating the director's report) 1
Independent examiner's report to the trustees 6
Statement of financial activities (including income and
expenditure account) 8
Statement of financial position 9
Statement of cash flows 10
Notes to the financial statements 11

Horden Youth and Community Centre

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2021

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 2021.

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

Independent examiner

Edna Connor Chair Mary Molyneux Secretary Kenneth Lincoln Vice Chairperson Stephen Hall Clark (Resigned 27 June 2022) Chas Stoddard Vice Treasurer Dorothy Welch Daree Hyde (Resigned 28 March 2022) Norman Bayles John Pond Mary Rutherford Brian James Lloyd (Appointed 28 March 2022) James Wilson (Appointed 31 March 2022) Censis 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 2021

Objectives and activities

The charity's objects are :

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 2021

Achievements and performance

After the confusion and chaos of 2020, 2021 started with…more of the same. A nationwide lockdown was in place from January to May, although the Nursery was able to open as normal and the Young Citizens were allowed to meet, albeit with very limited numbers. They continued their online and outside sessions as they had done during 2020. The dance also continued with strict protocols in place.

These protocols included doorbell entry only to the building; a one-way system for those who did come in; no-one allowed entry who did not need to be there - such as parents for Nursery, dance and Young Citizens, who dropped off their children at the front doors and then left; masks for those in the building; and hand-washing and sanitizing on a regular basis.

Management staff were furloughed again, getting a percentage of their wages from the government's Job Retention Scheme. The Nursery staff and Facilities Operative, however, worked as normal throughout the year.

Later in the lockdown period, the rules for furlough eased so that staff could return to work part time and be furloughed for the rest of their mandated hours, so the Centre staff began a strange mixture of furlough, and hybrid working - sometimes in the building, sometimes working from home. This allowed a considerable amount of administrative work to be carried out, although naturally there were no courses or activities open to the public. An exception to this was the Men in Sheds group, which was exempt from strict lockdown rules as a mental health peer support group.

Once lockdown was lifted on May 17th, the staff continued hybrid working to minimize contact. A third member of staff was taken on board: three days as part-time administrative work, primarily to increase fundraising activity, and one day as a coach for the Job Club, which was part of the Centre's priority opening to the public. Some groups returned - the OOOPS group, providing support for people with '- ostomies'; the clippy mat group (soon renamed Yarn and Yatter); and some adult training courses. These courses were very hit-and-miss as, although they were advertised, recruitment take up was very slow and as many courses were cancelled as started up. Naturally enough, it appeared that the general public of all ages were very wary of returning to "normal", however many safety protocols could be put in place.

In July, HYCC was able to hold its first Trustee Meeting of 2021.

It was only in August that some form of normality began to creep in to the day-to-day function of the Community Centre. More support groups returned, as did the art group and the FAB bingo ladies. The Credit Union reopened, as did the welfare rights advice sessions. We saw a huge rise in people needing help with filling in forms and in food parcel referrals, as well as the introduction of a new fuel voucher scheme for gas and electricity.

The major focus for the management and Trustees during this time was on the legal and administrative status of HYCC Nursery. Tensions which arose during 2020 were only

3

Horden Youth and Community Centre

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2021

Achievements and performance (continued)

exacerbated in 2021 as historically, the Nursery had operated as an independent entity within the Centre, while being "under the umbrella" of the Charity. It had never been legally or officially determined what this term actually meant, and their independence and autonomy was firmly enforced by the then Chair (who was legally removed at the end of 2020 under S168 of the Companies Act) and, by default, the Board of Trustees. The Board were, and are, legally the Nursery's employers. In an attempt to to rectify the shortcomings and failings of the past and to act in a way that would prevent their trusteeship (and their role as employers) from being called into question, the Trustees took action.

A 3000-page document was submitted to LawWorks, as recommended by the Charity Commission, in order to confirm (or otherwise) the Nursery's status within the Charity.

The Nursery was held to be an equal part of the Charity with the Community Centre and therefore subject to all of the same rules, guidelines and responsibilities required by the Charity Commission and Company House. As a result much of the Nursery's autonomy was removed. In short, they had to legally account for their actions as an arm of The Charity.

The Nursery perceived these actions as being hostile, and interpreted them as bullying and harassment. This resulted in several grievances being submitted, investigated, and subsequently dismissed or only partially upheld. This, naturally, led to further accusations of bias.

While the ramifications of this situation were major, the necessity for dealing on a weekly, sometimes daily, basis with the basic administration involved in trying to get the Nursery to provide information took up more than 50% of the working hours of Centre staff. This led to a backlog in funding applications and other fundamental work of the Centre.

Although our bottom line seemed healthy at the end of December 2021, the Centre Management were fully aware that funding and the general financial position would become an urgent problem when Lottery funding came to an end in February 2022.

The beneficiary figures for the year are as follows:

Young people:
Dance 150
Youth Club 50
Nursery 60
Birthday parties 100
Adults:
Training courses & education 32
Craft groups 25
Socialisation Groups 50
Computer drop-in 15
Job Club 20
Men in Sheds 20
Support Groups 40+

4

Horden Youth and Community Centre

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2021

Achievements and performance (continued)

Welfare:
Credit Union 30
Welfare support and advice 20
Food parcels and poverty 250

Total = 862 beneficiaries

In 2019, the last year for which we can provide fairly accurate figures, we estimated that we had helped and supported 1480 people. Now that most restrictions have been lifted and we source new providers, we hope levels will continue rising to pre-Covid levels by 2022. Additionally, public confidence in venturing into community buildings is growing, which will hopefully also improve our figures.

So, as we approach another year, we are keeping our fingers crossed that the management and administration situation can be resolved and that beneficiary figures will continue to improve. There are already several potential room bookings in the pipeline and we will be resuming the work of the Community Café in the new year. Additionally, the Young Citizens should be returning and we are confident that training courses will be much better attended once public confidence improves significantly.

We look forward to 2022 with some trepidation…but at least there should be no more national lockdowns for the foreseeable future!

Financial review

The Community Centre generated an income of £319,729 and a net deficit of £28,587. Funders in 2021 included: National Lottery Community Fund, East Durham Trust; Believe Housing; Durham County Council; Tudor Trust and East Durham AAP.

The reserves of the charity at the year end amounted to £155,929. Unrestricted reserves amount to £136,813 with actual free reserves (i.e. Total reserves excluding fixed assets and designated funds) amounted to £118,463.

The trustees' annual report and the strategic report were approved on 22 September 2022 and signed on behalf of the board of trustees by:

Edna Connor Director

5

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 2021

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 2021.

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:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. 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

  4. 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).

6

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 2021

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 Independent Examiner

Exchange Building 66 Church Street Hartlepool TS24 7DN

23 September 2022

7

Horden Youth and Community Centre

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 December 2021

2021 2020
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 31,077 262,108 293,185 340,050
Charitable activities 6 8,016 18,523 26,539 18,138
Investment income 7 5 – 5 174
   
Total income 39,098 280,631 319,729 358,362
   
Expenditure
Expenditure on charitable activities 8 – 348,316 348,316 339,909
   
Total expenditure – 348,316 348,316 339,909
   
   
Net (expenditure)/income 39,098 (67,685) (28,587) 18,453
   
Transfers between funds 35,694 (35,694) – –
   
Net movement in funds 74,792 (103,379) (28,587) 18,453
Reconciliation of funds
Total funds brought forward 62,021 122,495 184,516 166,063
   
Total funds carried forward 136,813 19,116 155,929 184,516
   

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 11 to 22 form part of these financial statements.

8

Horden Youth and Community Centre

Company Limited by Guarantee

Statement of Financial Position

31 December 2021

2021 2020
Note £ £
Fixed assets
Tangible fixed assets 13 18,350 25,794
Current assets
Cash at bank and in hand 140,406 162,621
Creditors: amounts falling due within one year 14 2,827 3,899
 
Net current assets 137,579 158,722
 
Total assets less current liabilities 155,929 184,516
 
Net assets 155,929 184,516
 
Funds of the charity
Restricted funds 19,116 122,495
Unrestricted funds 136,813 62,021
 
Total charity funds 16 155,929
		 184,516


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

Directors' responsibilities:

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 22 September 2022, and are signed on behalf of the board by:

Edna Connor Director

The notes on pages 11 to 22 form part of these financial statements.

9

Horden Youth and Community Centre

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 December 2021

2021 2020
£ £
Cash flows from operating activities
Net (expenditure)/income (28,587) 18,453
Adjustments for:
Depreciation of tangible fixed assets 7,444 8,735
Other interest receivable and similar income (5) (174)
Changes in:
Trade and other debtors – 1,025
Trade and other creditors (1,072) (10,591)
 
Cash generated from operations (22,220) 17,448
Interest received 5 174
 
Net cash (used in)/from operating activities (22,215) 17,622
 
Cash flows from investing activities
Purchase of tangible assets – (2,550)
 
Net cash used in investing activities – (2,550)
 
Net (decrease)/increase in cash and cash equivalents (22,215) 15,072
Cash and cash equivalents at beginning of year 162,621 147,549
 
Cash and cash equivalents at end of year 140,406
		 162,621


The notes on pages 11 to 22 form part of these financial statements.

10

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2021

1. General information

The charity is a public benefit entity and 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 Companies Act 2006.

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.

11

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2021

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:

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:

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.

12

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2021

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.

13

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2021

5. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Donations
Donations 1,096 – 1,096
Fund Generation 6 – 6
Grants
Durham County Council – 19,727 19,727
Tudor Trust – 32,000 32,000
Big Lottery Community Fund – 112,578 112,578
AAP Foundation – 3,105 3,105
County Durham Community Foundation – 2,273 2,273
East Durham Trust – 4,620 4,620
Coalfields Regeneration Trust – 2,500 2,500
Hospital of God Greatham – 1,000 1,000
Virgin Media – 1,000 1,000
Albert Hunt Trust – 2,000 2,000
Job Retention Scheme 29,975 – 29,975
CDHG – 81,105 81,105
Sports Foundation – 200 200
  
31,077 262,108 293,185
  

14

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2021

5. Donations and legacies (continued)

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
  

15

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2021

6. Charitable activities

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Room Hire, Subs and Session Fees 1,527 16,205 17,732
Refreshments 313 – 313
Postage, Stationery and Photocopying 93 – 93
Other 6,083 2,318 8,401
  
8,016 18,523 26,539
  
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
  

7. Investment income

Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
£ £ £ £
Bank interest received 5 5 174 174
   

16

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2021

8. Expenditure on charitable activities by fund type

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
General Fund – – –
Big Lottery Community Fund – 141,634 141,634
The Henry Smith Charity – 22,047 22,047
Tudor Trust – 50,000 50,000
Nursery – 94,372 94,372
Tudor Trust - Wellbeing – 2,000 2,000
AAP Meet, Greet & Eat – 3,765 3,765
Hospital of God Greatham – 1,000 1,000
Sport Foundation – 200 200
East Durham Trust - Small Grants – 2,480 2,480
Virgin Media – 1,000 1,000
County Durham Community Foundation – 2,273 2,273
Hub Grub – 1,965 1,965
Believe Housing – 1,857 1,857
Street Games – 766 766
DCC - Covid – 16,597 16,597
Albert Hunt Trust – 2,000 2,000
EDT - Peer Support – 2,110 2,110
CoalFields Regeneration – 2,250 2,250
  
– 348,316 348,316
  
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
DCC - Covid – 350 350
  
66,096 273,813 339,909
  

17

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2021

9. Net (expenditure)/income

Net (expenditure)/income is stated after charging/(crediting):

Net (expenditure)/income is stated after charging/(crediting):
2021 2020
£ £
Depreciation of tangible fixed assets 7,444 8,735
 
10. Independent examination fees
2021 2020
£ £
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:
2021 2020
£ £
Wages and salaries 200,100 169,572
Social security costs 8,595 6,989
Employer contributions to pension plans 2,776 5,468
 
211,471 182,029
 

The average head count of employees during the year was 13 (2020: 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:
2021 2020
No. No.
Nursery staff 9 10
Centre staff 4 3
 
13 13
 

No employee received employee benefits of more than £60,000 during the year (2020: 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.

18

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2021

13. Tangible fixed assets

Freehold Fixtures and
property fittings Equipment Total
£ £ £ £
Cost
At 1 January 2021 and
31 December 2021 170,223 38,340 65,237 273,800
   
Depreciation
At 1 January 2021 149,438 37,700 60,868 248,006
Charge for the year 5,196 160 2,088 7,444
   
At 31 December 2021 154,634 37,860 62,956 255,450
   
Carrying amount
At 31 December 2021 15,589 480 2,281 18,350
   
At 31 December 2020 20,785 640 4,369 25,794
   
Creditors: amounts falling due within one year
2021 2020
£ £
Accruals and deferred income 600 600
Social security and other taxes 1,879 2,951
Other creditors 348 348
 
2,827 3,899
 

14. Creditors: amounts falling due within one year

15. 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 £121 (2020: £5,468).

19

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2021

16. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At
At 1 January 31 December
2021 Income Expenditure Transfers 2021
£ £ £ £ £
General Fund (3,773) 39,098 – 35,694 71,019
Fixed Asset Fund 25,794 – – – 25,794
Designated Fund 40,000 – – – 40,000
    
62,021 39,098 – 35,694 136,813
    
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
    

20

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2021

16. Analysis of charitable funds (continued)

Restricted funds

At
At 1 January 31 December
2021 Income Expenditure Transfers 2021
£ £ £ £ £
Big Lottery Community
Fund 32,829 112,578 (141,634) – 3,773
The Henry Smith Charity 22,047 – (22,047) – –
Coalfields Regeneration
Trust - Covid Recovery – 2,500 (2,250) – 250
Co Durham Community
Foundation - Covid
Recovery – 2,273 (2,273) – –
Nursery 33,031 99,628 (94,372) (35,694) 2,593
Tudor Trust 30,000 30,000 (50,000) – 10,000
Tudor Trust - Wellbeing – 2,000 (2,000) – –
AAP Meet, Greet & Eat – 3,765 (3,765) – –
East Durham Trust -
Small Grants – 2,480 (2,480) – –
Hospital of God
Greatham – 1,000 (1,000) – –
Sport Foundation – 200 (200) – –
Virgin Media - Volunteer
Reward Scheme – 1,000 (1,000) – –
Believe Housing - Hub
Grub 1,857 – (1,857) – –
Believe Housing 1,965 – (1,965) – –
Street Games 766 – (766) – –
DCC - Covid Support – 19,097 (16,597) – 2,500
Albert Hunt Trust – 2,000 (2,000) – –
EDT - Peer Support – 2,110 (2,110) – –
    
122,495 280,631 (348,316) (35,694) 19,116
    

21

Horden Youth and Community Centre

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2021

16. Analysis of charitable funds (continued)

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
Durham County Council – 350 (350) – –
    
84,044
		 312,264
		 (273,813)
		 –
		 122,495


17. Analysis of net assets between funds

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Tangible fixed assets 18,350 – 18,350
Current assets 121,290 19,116 140,406
Creditors less than 1 year (2,827) – (2,827)
  
Net assets 136,813 19,116 155,929
  
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Tangible fixed assets 25,794 – 25,794
Current assets 40,126 122,495 162,621
Creditors less than 1 year (3,899) – (3,899)
  
Net assets 62,021 122,495 184,516
  

18. Analysis of changes in net debt

At
At 1 Jan 2021 Cash flows 31 Dec 2021
£ £ £
Cash at bank and in hand 162,621 (22,215) 140,406
  

22