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2021-03-31-accounts

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

REGISTERED COMPANY NUMBER: 06608568 (England and Wales) REGISTERED CHARITY NUMBER: 1125605

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for Association

Cricklade & District Community

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 22
Detailed Statement of Financial Activities 23 to 24

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Report of the Trustees for the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Cricklade & District Community Association provides sports and recreational facilities to residents in Cricklade and the surrounding area.

The objectives of the charity are to:

Public benefit

In planning our activities for the period, we kept in mind the Charity Commission guidance on public benefit at our trustee meetings.

The leisure centre offers a wide range of facilities and leisure activities for persons of all ages, gender, faith backgrounds etc and there are no restrictions whatever whereby any members of the public are excluded from enjoying those facilities except where any potential users of the facilities engage in any form of disruptive or unreasonable behaviour. Our tariffs are set at levels which are affordable to the whole community, and we welcome all potential users of the centre. We believe that our philosophy of openness to all enriches everyone through the sharing of skills and aptitudes and through the general social interaction available at the centre.

Accounting Periods

The company was incorporated on 2nd June 2008, although the control of the company did not pass from the previous group to the new Trustees until 1st October 2008. These accounts reflect the twelfth full year of records as a Charity, from April 1st 2019 until March 31st 2020.

Propert y

We surrendered our lease in 2019 in order to allow Wiltshire Council to complete a major redevelopment of the centre. During the redevelopment we had a licence to operate the services. Following the completion of the redevelopment In January 2021 we have a new lease with Wiltshire Council. This will revert to Cricklade Town Council who as part of the package of refurbishment, will take-over ownership of Cricklade Leisure Centre and a new lease between us will supersede the lease with Wiltshire Council

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Cricklade is a thriving and growing community in North Wiltshire. Following threat of closure in late 2006, the local community created an action group, KLIC, and set about a campaign, and creating a business plan to take over the centre and ensure its future viability and hence availability.

3

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

We have now completed our fourteenth year (12 years as a company) and thanks to the efforts of the local population and volunteers and to grants from the Local County and Town Council, the Cricklade Leisure Centre has flourished.

In June 2008 we succeeded in registering as a charitable limited company - and have a skilled range of directors and trustees to support the running and future direction of the centre. On 1st October 2008 the assets and liabilities of Cricklade & District Community Association were transferred to the charitable company.

During this financial year, we have had two major events that have affected the financial results for this year and will affect the year in 2021/22.

One benefit (although forced upon us) is that the covid closure diluted the losses we would have made through limited facilities being available during the redevelopment.

CASH

The charity's excess funds have historically been held in a Reserve Account with the charity's bankers. The nature of the current interest rates is that income from interest is de minimis. However, we monitor the cash balances on a daily basis. The daily overall cash balance for the last few financial years is below. Whilst we have suffered through covid, the various grants we have been able to claim have kept us optimistic of the future

----- Start of picture text -----
C&DCA
Daily Cash Balance 1st April 2017 to 31st March 2021
8-Week Moving Average
£120,000
£110,000
£100,000
£90,000
£80,000
£70,000
£60,000
£50,000
£40,000
£30,000
£20,000
£10,000
£0
11-Apr25-Apr09-May23-May06-Jun20-Jun04-Jul18-Jul01-Aug15-Aug29-Aug12-Sep26-Sep10-Oct24-Oct07-Nov21-Nov05-Dec19-Dec02-Jan16-Jan30-Jan13-Feb27-Feb13-Mar27-Mar10-Apr24-Apr08-May22-May05-Jun19-Jun03-Jul17-Jul31-Jul14-Aug28-Aug11-Sep25-Sep09-Oct23-Oct06-Nov20-Nov04-Dec18-Dec01-Jan15-Jan29-Jan12-Feb26-Feb12-Mar26-Mar09-Apr23-Apr07-May21-May04-Jun18-Jun02-Jul16-Jul30-Jul13-Aug27-Aug10-Sep24-Sep08-Oct22-Oct05-Nov19-Nov03-Dec17-Dec31-Dec14-Jan28-Jan11-Feb25-Feb10-Mar24-Mar07-Apr21-Apr05-May19-May02-Jun16-Jun30-Jun14-Jul28-Jul11-Aug25-Aug08-Sep22-Sep06-Oct20-Oct03-Nov17-Nov01-Dec15-Dec29-Dec12-Jan26-Jan09-Feb23-Feb09-Mar23-Mar
Total Daily Balance £
----- End of picture text -----

Reserves policy

The trustees aim towards a position whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be sufficient to cover between three and six months of resources expended.

Future plans

The trustees aim to continue to consolidate the progress made in the first period of activity by building up the existing business, publicising the Association's services and seeking to provide improved facilities to the leisure centre. Although this may prove to be increasingly difficult in current economic conditions, the trustees remain positive about the future, challenging though it will be.

Our new plan for 2021/22, will reflect covid restrictions in place until July 2021, and then a slow uptake through the summer until we get back to normal. We expect to make modest profits going forward (up to £25k per annum) post covid.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Cricklade & District Community Association is a charity, established on 26th August 2008. It became a charitable company, limited by guarantee on the 2nd of June 2008. The charitable company was established under a Memorandum of Association, which sets out the objects and powers of the charitable company and is governed under its Articles of Association.

Members support the aims of the organisation and are invited to the Annual General Meeting. Members elect the trustees or members of the management committee, and these individuals are also company directors. In the event of the charitable company being wound up, members are required to contribute an amount not exceeding £10. As at 31st March 2021 there were 69 members.

Recruitment and appointment of new trustees

3

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

The directors of the charitable company are also charity trustees for the purposes of charity law and, under the company's Articles, are known as trustees.

As set out in the Articles of Association the Board of Trustees should consist of a minimum of three and a maximum of ten trustees. A third of trustees each year will stand down and if they wish stand for re-election at the Annual General Meeting. When recruiting any new trustees, the Board pays regard to the requirement for any specialist skills needed.

Day to day management is provided through a management committee. Business, social care, financial and human resources skills are well represented on the management committee. In an effort to maintain a broad skill mix, members of the Board of Trustees are requested to provide an outline of their skills and, in the event of particular skills being lost due to retirements, individuals are approached to offer themselves for election to the Board.

Organisational structure

The Board of Trustees meets as required and appoints sub committees as and when appropriate to address specific issues. A General Manager is appointed by the trustees to manage the day-to-day operations of the charity and to develop and implement longer term strategies as agreed by the Board. To facilitate effective operations the General Manager has delegated authority within terms of delegation approved by the trustees for operational matters; and, in turn, delegated authority is given to the approved committees to carry out their functions.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 06608568 (England and Wales)

Registered Charity number

1125605

Registered office

Stones Lane Cricklade Swindon Wiltshire SN6 6JW

Trustees

Nicholas Carter Nicholas Dye John Simmons (company secretary) Depak Lal Alison Fisher Joanne Moran

REFERENCE AND ADMINISTRATIVE DETAILS Independent examiner

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

3

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community

Association

Report of the Trustees for the Year Ended 31 March 2021

FINANCIAL REVIEW

Financial position

These accounts reflect the records and accounts for the 12-month period ending 31st March 2021. This year was completely distorted by covid – and therefore comparisons with previous years are not realistic. We have taken advantage of government grants and a bounce back loan, to support the centre through this period, and as such we have a healthy cash balance going into the next financial year.

The centre recorded an overall operational loss of £9,031, however, the end result does not reflect the incredible journey made last year

Income

The total incoming resources for the period ended 31st March 2020 amounted to £364,239 (£590,930 in 2019/20). For 2020/21 we have been reliant on covid grants to get us through the year with a cash balance.

----- Start of picture text -----
CRICKLADE LEISURE CENTRE CRICKLADE LEISURE CENTRE
SPLIT OF INCOME 2020-21 SPLIT OF INCOME 2019-20
0%
7%
0% 7% 10%
4%
5%
Grants Grants
Memberships Memberships
Courses 32% Courses
32% Pay as you go 26% Pay as you go
57% Miscellaneous Miscellaneous
Bar Bar
20%
----- End of picture text -----

As can be seen, grants provided over 50% of income – against a normal year of approximately 7%. Whilst less reliant next year, there will still be a large element of grants as covid comes to an end. We will no longer have the revenue grant from Wiltshire Council, as this grant ceases as part of the redevelopment agreement.

We remain humbled by the level of memberships that continued despite covid – memberships have run at nearly 60% of pre covid levels.

Expenditure

Total expenditure during the period amounted to £302,970 (£624,417 in 2019/20). This consisted mainly of the cost of staffing. Staffing costs are shown, even though nearly 50% of the total costs were covered by furlough grants – shown in the income as grants

8

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

----- Start of picture text -----
CRICKLADE LEISURE CENTRE CRICKLADE LEISURE CENTRE
SPLIT OF EXPENDITURE 2020-21 SPLIT OF EXPENDITURE 2019-20
3% 0%
4% [3%]
5%
8%
Salaries Salaries
Premises Premises
30% Administration 28% Administration
59% Professional Fees 60% Professional Fees
Bar Bar
----- End of picture text -----

Consolidated

The deficit for the period amounted to £9,031 (£33,487 surplus in 2019/20). Net assets at the end of the financial period amounted to £93,194 (£102,225 at the end of 2019/20), held in unrestricted reserves – and with specific equipment grants for equipment a further £70,300 in restricted grants.

The position for the centre is that in financial terms, we have experience of keeping to budget and are confident the centre will continue to thrive post development, and post covid.

Approved by order of the board of trustees on 28 June 2021 and signed on its behalf by:

N R Carter - Trustee

8

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Independent Examiner's Report to the Trustees of Cricklade & District Community Association

Independent examiner's report to the trustees of Cricklade & District Community Association ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales 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 Company as required by section 386 of the 2006 Act: or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination: or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Christopher Vaughan Institute of Chartered Accountants in England and Wales Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

28 June 2021

9

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Statement of Financial Activities for the Year Ended 31 March 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
165,195
Charitable activities
5
Recreational Facilities
114,081
Other trading activities
3
10,949
Investment income
4
14
Total
290,239
EXPENDITURE ON
Raising funds
6
7,378
Charitable activities
7
Recreational Facilities
275,481
Other
16,411
Total
299,270
NET INCOME/(EXPENDITURE)
(9,031)
RECONCILIATION OF FUNDS
Total funds brought forward
102,225
TOTAL FUNDS CARRIED FORWARD
93,194		 Restricted
fund
£
74,000
-
-
-
74,000
-
3,700
-
3,700
70,300
-
70,300		 31.3.21
Total
funds
£
239,195
114,081
10,949
14
364,239
7,378
279,181
16,411
302,970
61,269
102,225
163,494		 31.3.20
Total
funds
£
110,703
204,044
276,147
36
590,930
52,006
539,918
32,493
624,417
(33,487)
135,712
102,225

The notes form part of these financial statements

10

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Balance Sheet 31 March 2021

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
13
50,928
CURRENT ASSETS
Stocks
14
4,416
Debtors
15
16,732
Cash at bank and in hand
103,683
124,831
CREDITORS
Amounts falling due within one year
16
(36,422)
NET CURRENT ASSETS
88,409
TOTAL ASSETS LESS CURRENT
LIABILITIES
139,337
CREDITORS
Amounts falling due after more than one year
17
(46,143)
NET ASSETS
93,194
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
70,300
-
-
-
-
-
-
70,300
-
70,300		 31.3.21
Total
funds
£
121,228
4,416
16,732
103,683
124,831
(36,422)
88,409
209,637
(46,143)
163,494
93,194
70,300
163,494		 31.3.20
Total
funds
£
42,217
7,512
16,480
45,992
69,984
(9,976)
60,008
102,225
-
102,225
102,225
-
102,225

The notes form part of these financial statements

12

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Balance Sheet - continued At 31 March 2020

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies’ regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 28 June 2021 and were signed on its behalf by:

N R Carter - Trustee

N J F Dye - Trustee

The notes form part of these financial statements

12

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Cash Flow Statement for the Year Ended 31 March 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
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		 31.3.21
£
116,308
-
116,308
(108,195)
(436)
14
(108,617)
50,000
-
50,000
57,691
45,992
103,683		 31.3.20
£
51,482
(2,959)
48,523
(3,417)
(9,937)
36
(13,318)
-
(64,363)
(64,363)
(29,158)
75,150
45,992

The notes form part of these financial statements

13

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Notes to the Cash Flow Statement for the Year Ended 31 March 2021

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Interest received
Interest paid
Decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operations		 31.3.21
£
61,269
8,113
21,507
(14)
-
3,096
(252)
22,589
116,308		 31.3.20
£
(33,487)
37,871
72,400
(36)
2,959
838
3,332
(32,395)
51,482
  1. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.20 Cash flow At 31.3.21
£ £ £
Net cash
Cash at bank and in hand 45,992 57,691 103,683
45,992 57,691 103,683
Debt
Debts falling due within 1 year - (3,857) (3,857)
Debts falling due after 1 year - (46,143) (46,143)
- (50,000) (50,000)
Total 45,992 7,691 53,683

The notes form part of these financial statements

14

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g., floor areas, per capita or estimated usage.

Tangible fixed assets

Depreciation is provided in order to write off each asset over its estimated useful life.

Fixtures and fittings - 10 years Leisure Equipment - 7-10 years Bar Equipment - 10 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making duo allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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

continued...

15

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community

Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

2.
DONATIONS AND LEGACIES
Grants
Wiltshire County Council
Grants received, included in the above, are as follows:
Cricklade Town Council
Community First – Landfill
Furlough – Covid Grant
Local Restrictions Other – Covid
National Recovery Fund
Other
3.
OTHER TRADING ACTIVITIES
Bar and Coffee Bar sales
Activity sales and fees
Hire of facilities
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Membership fees
Recreational Facilities
Miscellaneous income
Recreational Facilities		 31.3.21
£
204,195
35,000
239,195
31.3.21
£
50,000
24,000
86,846
24,000
12,000
7,349
204,195
31.3.21
£
-
10,949
-
10,949
31.3.21
£
14
31.3.21
£
88,900
25,181
114,081		 31.3.20
£
-
110,703
110,703
31.3.20
£
-
31.3.20
£
39,053
216,514
20,580
276,147
31.3.20
£
36
31.3.20
£
176,724
27,320
204,044

continued...

16

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

6. RAISING FUNDS

Raising donations and legacies

Rates and water
Insurance
Light and heat
Repairs and renewals
Cleaning
Depreciation
Loss on sale of assets
Other trading activities
Purchases
Staff costs
Aggregate amounts
7.
CHARITABLE ACTIVITIES COSTS
Recreational Facilities
8.
SUPPORT COSTS
Management
£
Recreational Facilities
11,230		 31.3.21
£
328
258
863
537
312
6
-
2,304
31.3.21
£
-
5,074
5,074
7,378
Support
Direct
costs (see
Costs
note 8)
£
£
263,873
15,308
Governance
Finance
costs
£
£
2,548
1,530		 31.3.20
£
908
253
2,189
847
694
558
991
6,440
31.3.20
£
26,351
19,215
45,566
52,006
Totals
£
279,181		 31.3.20
£
908
253
2,189
847
694
558
991
6,440
31.3.20
£
26,351
19,215
45,566
52,006
Totals
£
279,181
Totals
£
15,308

continued...

17

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community

Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

9. NET INCOME/(EXPENDITURE)

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

31.3.21 31.3.20
£ £
Depreciation - owned assets 8,113 37,410
Deficit on disposal of fixed assets 21,507 72,400

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

11. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Activities
Management
No employees received emoluments in excess of £60,000.		 31.3.21
£
180,576
180,576
31.3.21
13
2
15		 31.3.20
£
328,465
328,465
31.3.20
26
2
28

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 110,703
Charitable activities
Recreational Facilities 204,044
Other trading activities 276,147
Investment income 36
Total 590,930
EXPENDITURE ON
Raising funds 52,006

continued...

18

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
fund
£
Charitable activities
Recreational Facilities 539,918
Other 32,493
Total 624,417
NET INCOME/(EXPENDITURE) (33,487)
RECONCILIATION OF FUNDS
Total funds brought forward 135,712
TOTAL FUNDS CARRIED FORWARD 102,225

13. TANGIBLE FIXED ASSETS

COST
At 1 April 2020
Additions
Disposals
At 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
Eliminated on disposal
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Fixtures
and
fittings
£
-
21,208
-
21,208
-
956
-
956
20,252
-		 Leisure
Equipment
£
147,282
85,630
(81,499)
151,413
105,065
7,044
(60,428)
51,681
99,732
42,217		 Bar
Equipment
£
-
1,357
-
1,357
-
113
-
113
1,244
-		 Totals
£
147,282
108,195
(81,499)
173,978
105,065
8,113
(60,428)
52,750
121,228
42,217

continued...

19

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

14. STOCKS
31.3.21 31.3.20
£ £
Stocks 4,416 7,512
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Trade debtors 16,732 14,880
Prepayments - 1,600
16,732 16,480
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Other loans (see note 18) 3,857 -
Trade creditors 5,209 4,316
Social security and other taxes 1,675 5,660
Accruals and deferred income 25,681 -
36,422 9,976
17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.21 31.3.20
£ £
Other loans (see note 18) 46,143 -
18. LOANS
An analysis of the maturity of loans is given below:
31.3.21 31.3.20
£ £
Amounts falling due within one year on demand:
3,857 -
Amounts falling between one and two years:
5,053 -
Amounts falling due between two and five years:
15,346 -
Amounts falling due in more than five years: 25,744

continued...

20

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

19. MOVEMENT IN FUNDS

At 1.4.20
£
Unrestricted funds
General fund
102,225
Restricted funds
Gym Kit
-
TOTAL FUNDS
102,225
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
290,239
Restricted funds
Gym Kit
74,000
TOTAL FUNDS
364,239
Comparatives for movement in funds
At 1.4.19
£
Unrestricted funds
General fund
135,712
TOTAL FUNDS
135,712
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
590,930
TOTAL FUNDS
590,930		 Net
movement
At
in funds
31.3.21
£
£
(9,031)
93,194
70,300
70,300
61,269
163,494
Resources
Movement
expended
in funds
£
£
(299,270)
(9,031)
(3,700)
70,300
(302,970)
61,269
Net
movement
At
in funds
31.3.20
£
£
(33,487)
102,225
(33,487)
102,225
Resources
Movement
expended
in funds
£
£
(624,417)
(33,487)
(624,417)
(33,487)

continued...

21

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Gym Kit
TOTAL FUNDS		 At 1.4.19
£
135,712
-
135,712		 Net
movement
in funds
£
(42,518)
70,300
27,782		 At
31.3.21
£
93,194
70,300
163,494

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Gym Kit
TOTAL FUNDS		 Incoming
resources
£
881,169
74,000
955,169		 Resources
Movement
expended
in funds
£
£
(923,687)
(42,518)
(3,700)
70,300
(927,387)
27,782

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

21. RESTRICTED FUNDS

Gym Kit

Funding provided in the form of grants for gymnasium equipment.

22

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Grants 204,195 -
Wiltshire County Council 35,000 110,703
239,195 110,703
Other trading activities
Bar and Coffee Bar sales - 39,053
Activity sales and fees 10,949 216,514
Hire of facilities - 20,580
10,949 276,147
Investment income
Deposit account interest 14 36
Charitable activities
Membership fees 88,900 176,724
Miscellaneous income 25,181 27,320
114,081 204,044
Total incoming resources 364,239 590,930
EXPENDITURE
Raising donations and legacies
Rates and water 328 908
Insurance 258 253
Light and heat 863 2,189
Repairs and renewals 537 847
Cleaning 312 694
Depreciation of tangible fixed assets 6 558
Loss on sale of tangible fixed assets - 991
2,304 6,440
Other trading activities
Bar and Coffee shop purchases - 26,351
Wages 5,074 19,215
5,074 45,566
Charitable activities
Wages 175,502 309,250
Rates and water 6,222 17,246
Carried forward 181,724 326,496

This page does not form part of the statutory financial statements

23

Report of the Trustees for the Year Ended 31[st] March 2021

Cricklade & District Community Association

Cricklade & District Community Association

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
31.3.21 31.3.20
£ £
Charitable activities
Brought forward 181,724 326,496
Insurance 4,896 4,807
Light and heat 16,392 41,585
Sundries 12,206 13,149
Repairs and renewals 13,032 16,098
Travelling 75 269
Cleaning 5,934 13,182
Depreciation of tangible fixed assets 8,107 37,313
Loss on sale of tangible fixed assets 21,507 71,409
263,873 524,308
Other
Activity costs - 6,566
Temporary Gym costs 16,411 22,968
Bank loan interest - 2,959
16,411 32,493
Support costs
Management
Telephone 2,539 2,206
Postage and stationery 721 636
Advertising - 1,181
Computer expenses 4,740 2,079
Legal and Professional fees 3,230 3,980
11,230 10,082
Finance
Bank charges 2,548 4,003
Governance costs
Accountancy and legal fees 1,530 1,525
Total resources expended 302,970 624,417
Net income/(expenditure) 61,269 (33,487)

This page does not form part of the statutory financial statements

24