**COMPANY REGISTRATION NUMBER: 06484983 CHARITY REGISTRATION NUMBER: 1125705**
# **Hexham and Tynedale Community Trust Company Limited by Guarantee Unaudited Financial Statements 31 March 2021**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Financial Statements**
## **Year ended 31 March 2021**
||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Report to the board of trustees on the preparation of the||
|unaudited statutory financial statements|**7**|
|Statement of financial activities (including income and||
|expenditure account)|**8**|
|Statement of financial position|**9**|
|Notes to the financial statements|**10**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**20**|
|Notes to the detailed statement of financial activities|**22**|
**Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)**
## **Year ended 31 March 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 March 2021.
## **Reference and administrative details**
**Registered charity name** Hexham and Tynedale Community Trust **Charity registration number** 1125705 **Company registration number** 06484983 **Principal office and registered** Hexham Community Centre **office** Gilesgate Hexham Northumberland NE46 3NP **The trustees** A Reed L R Hare (Treasurer) K Norman P Tait S Ball (Chair) O Lovett T Pearson **Company secretary** Mrs J J Hogg **Accountant** Northumberland Accountants Limited Russell House Greenwell Road Alnwick Northumberland NE66 1HB
**1**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 March 2021**
## **Structure, governance and management**
## Governing Document
Our Company is governed by our Memorandum & Articles which were adopted on 7 December 2007.
## Recruitment and Appointment of Management Committee
The Management committee will be appointed at the Annual General Meeting, by proposal, seconded and a vote. All those in the area of benefit and users of the Community Centre are welcome to attend.
## Trustees Induction and Training
New trustees are supplied with a copy of the Charity Trustees Handbook; additionally, they meet with the Chair of the Management Committee and senior staff who will cover:
## The obligations of Management Committee members.
The main documents which set out the operational framework for the charity including the Memorandum and Articles. Renouncing and the current financial position as set out in the latest published accounts. Future plans and objectives.
## Risk Management
As part of the Trust’s business and development plan, an assessment was undertaken as to the risks the Trust is exposed to. The Trust has taken a proactive stance to reduce its overall reliance on external funding and to develop a portfolio of funders to further reduce the impact any one funding stream may incur. A major part of the Trust’s partnership working is to keep the organisation abreast of any strategic, political or legal changes that could influence the charity. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the centre. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
## Organisational Structure
The organisation consists of 8 members of a voluntary Executive/Management Committee and 12 paid staff positions/ 11 paid members of staff:-
Centre Manager 18hrs; Playgroup Manager 14hrs; Finance Administrator 26hrs; Playgroup Deputy 33hrs; Community Officer 31hrs; 3 Playgroup Practitioner ave 18.25hrs; Community officer 11hrs; Operations Assistant 17hrs; Operations Assistant 5hrs Cleaner 4hrs
## Related Parties
The Playgroup is run under the umbrella of Hexham & Tynedale Community Trust, has its own bank
**2**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 March 2021**
account, policies and procedures and has a sub-committee reporting to H&TCT management committee. It has a capacity for 24 children per session, 40 children on the roll and run weekdays term time 8.40 to 3.10pm.
## **Objectives and activities**
The objectives of the Company are to promote any charitable purpose for the benefit of the inhabitants within Hexham and surrounding district, with the provision of facilities in the interests of social welfare for recreation, leisure-time occupation and with the object of improving the conditions of life for the said inhabitants.
Hexham Community Centre Playgroup, Toddler Groups, Luncheon Club for the elderly and Open Arms intergenerational group are run by the centre for the community. We also provide reasonable cost offices and rooms to hire for a variety of Charitable, Community and Voluntary organisations.
**3**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ **Year ended 31 March 2021**
## **Achievements and performance**
This year has been extremely difficult following the Covid lockdown restrictions. Revenue from external lets were down 100%. However, trustees took the opportunity during this quiet period to extensively refurbish the ground floor of the centre. We utilised capital grants and resourced £17k from our reserves to refurbish the centre to a very high standard.
In the forthcoming year we anticipate additional revenue with the easing of restrictions and are prepared to use more of our resources in the continued upgrading of the centre's facilities.
I am extremely grateful to all staff, trustees, clients and supporters for their input and hard work. A particular thank you to our amazing volunteers of whom we have recruited many over the last year.
We are pleased to retain our trustees for another year. Throughout a year of turmoil from Covid 19 Playgroup has managed to stay open, be a local hub and operate at its usual high standard. The Open Arms Project and Luncheon Club were forced to close through the lockdowns and were transformed into a Meals on Wheels style of service and food parcels. The outreach projects of emergency food distribution has been an enormous success and has drawn together best practice of all those involved. It has been acknowledged by all as being pivotal to our community resilience.
During the lockdowns we took the opportunity to use some of our funds to support grants given to complete extensive refurbishments of the ground floor while there was no one in the building to disturb.
For many, Christmas 2020 was cancelled but 40 members of our local community who would otherwise have been alone all day were attended by 80 volunteers who brought Christmas dinner, stockings, music and socially distanced company right to their doors.
Centre has continued to operate with great financial prudency despite a sharp decline in rents and lets through lockdowns. The centre has been a beacon for the most vulnerable age groups ranging from toddlers to the elderly who continue to use our facilities. 798 different people continue to use our building each month, many of these people use the building multiple times per month. It remained a place of care and refuge through the lockdowns for vulnerable children and children of keyworkers needing childcare.
The Community Centre continues to act as a hub for a variety of people led community activities. We have ambitious plans for the future that will see us improving the infrastructure of the building and extending some of our outdoor activities.
**4**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 March 2021**
## **Financial review**
The charity remains grateful for the help and support given by government agencies, charitable trusts and other sources. Results for the year are shown on page 8. The charity generated a total income of £185,012 in the year, and an overall deficit of £25,096.
Hexham and Tynedale Community trust would like to thank The National Lottery Awards for All for their grant of; £6,984, the Social Enterprise Fund for £10,000 and Sport England Community Fund for £22,640. We also gratefully acknowledge the following grants received this year;
## Grants Received
I gratefully acknowledge the following grants received this year; Northumberland County Council PCC Hexham Round Table Hexham Rotary Club National Lottery Awards for All The Community Foundation The Social Enterprise Fund NCC Community Chest Hexham Town Council NCC Cllr Cath Homer NCC Cllr Trevor Cessford NCC Cllr Derek Kennedy Sport England Karbon Homes Tesco Groundworks
Job Retention Scheme Government Covid Response
Grant Making Policy
The charity rarely gives out grants and as such has no grant making policy.
Investment Policy
The charity holds no investments and as such has no investment policy.
## Reserves Policy
The management committee’s policy is to establish unrestricted reserves sufficient to cover running costs for several months ahead, and the emphasis is on a continual process of careful financial management and to invest reserves to optimise income wherever possible.
The current level of unrestricted reserves represents approximately 4 months running costs, and therefore research into future means of generating unrestricted reserves will also continue.
Risk Management
**5**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 March 2021**
As part of the Trust’s business plan development, an assessment was undertaken as to the risks the Trust is exposed to. The Trust has taken a proactive stance to reduce its overall reliance on external funding and to develop a portfolio of funders to further reduce the impact any one funding stream may incur. A major part of the Trust’s partnership working is to keep the organisation abreast of any strategic, political or legal changes that could influence the charity. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the centre. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
## **Small company provisions**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 16 November 2021 and signed on behalf of the board of trustees by:
S Ball (Chair) Trustee
**6**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Hexham and Tynedale Community Trust**
## **Year ended 31 March 2021**
As described on the statement of financial position, the trustees of the charity are responsible for the preparation of the financial statements for the year ended 31 March 2021, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes.
You consider that the charity is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
On behalf of NORTHUMBERLAND ACCOUNTANTS LIMITED Russell House Greenwell Road Alnwick Northumberland NE66 1HB
16 November 2021
**7**
**Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 31 March 2021**
||||**2021**||2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|46,685|106,249|152,934|85,064|
|Charitable activities|**6**|7,322|541|7,862|6,728|
|Other trading activities|**7**|25,465|–|25,465|93,003|
|Investment income|**8**|1|–|1|2|
|||��������|���������|���������|���������|
|**Total income**||79,473|106,790|186,262|184,797|
|||��������|���������|���������|���������|
|**Expenditure**||||||
|Expenditure on charitable activities|**9,10**|144,799|66,560|211,358|166,799|
|||���������|���������|���������|���������|
|**Total expenditure**||144,799|66,560|211,358|166,799|
|||���������|���������|���������|���������|
|||���������|���������|���������|���������|
|**Net (expenditure)/income and net**||||||
|**movement in funds**||(65,326)|40,230|(25,096)|17,998|
|||���������|���������|���������|���������|
|**Reconciliation of funds**||||||
|Total funds brought forward||30,507|1,061,925|1,092,432|1,074,435|
|||���������|������������|������������|������������|
|**Total funds carried forward**||(34,819)|1,102,155|1,067,336|1,092,432|
|||���������|������������|������������|������������|
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 10 to 18 form part of these financial statements.**
**8**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Statement of Financial Position**
## **31 March 2021**
|||**2021**|2020|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**15**|1,011,478|1,013,367|
|**Current assets**||||
|Debtors|**16**|5,523|3,749|
|Cash at bank and in hand||88,450|76,717|
|||��������|��������|
|||93,973|80,466|
|**Creditors: amounts falling due within one year**|**17**|33,116|1,400|
|||��������|��������|
|**Net current assets**||60,857|79,066|
|||������������|������������|
|**Total assets less current liabilities**||1,072,335|1,092,433|
|||������������|������������|
|**Net assets**||1,072,335|1,092,433|
|||������������|������������|
|**Funds of the charity**||||
|Restricted funds||1,094,660|1,061,925|
|Unrestricted funds||(22,325)|30,507|
|||������������|������������|
|**Total charity funds**|**19**|1,072,335|1,092,432|
|||������������|������������|
For the year ending 31 March 2021 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 16 November 2021, and are signed on behalf of the board by:
S Ball (Chair) Trustee
**The notes on pages 10 to 18 form part of these financial statements.**
**9**
**Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements**
## **Year ended 31 March 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 Hexham Community Centre, Gilesgate, Hexham, Northumberland, NE46 3NP.
## **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**
Having considered the effects of the current Covid 19 pandemic on the global economic outlook the trustees have considered the financial position as at 31 March 2020 and its forecast of activity for the period of at least a twelve months from the date of approval of the financial statements and are satisfied that the financial statements have been prepared on the basis that Hexham and Tynedale Trust is a going concern.
## **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.
**10**
**Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
**3. Accounting policies** _**(continued)**_
## **Incoming resources**
All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Income is received by way of grants, donations and gifts to the charity and is included in full in the Statement of Financial Activities upon receipt. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Bank interest is included when receivable.
## **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.
- 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.
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.
**11**
**Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
**3. Accounting policies** _**(continued)**_
## **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:
Centre fixtures and fittings - 10% straight line Office equipment - 10% reducing balance
All assets are reviewed regularly for impairment, and written down to their recoverable value, where necessary. As a result of this review, no depreciation has been charged on the Community Centre building during the year.
The Community Centre is held in an endowment fund representing the value of the building transferred from the charity having been substantially refurbished by the Hexham Town Council through its Community Initiative.
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
**12**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
## **3. Accounting policies** _**(continued)**_
## **Financial instruments** _**(continued)**_
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **4. Limited by guarantee**
The liability of members is limited to £1. Every member of the company undertakes to contribute to the assets of the company in the event of it being wound up while s/he is a member or within one year of her/him ceasing to be a member. The contribution shall be for payment of the debts and liabilities of the company contracted while s/he was a member and of the costs, charges or expenses of winding up and for the adjustments of the rights of the contributories amongst themselves. Each member's contribution shall not exceed £1.
## **5. Donations and legacies**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2021**|
||£|£|**£**|
|**Grants**||||
|Grants|6,059|47,970|54,029|
|JRS and Covid reponse grants|40,626|–|40,626|
**13**
**Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
## **5. Donations and legacies** _**(continued)**_
||||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|---|
||||Funds|Funds|**2021**|
||||£|£|**£**|
||**Subscriptions**|||||
||Playgroup fees||–|58,279|58,279|
||||��������|���������|���������|
||||46,685|106,249|152,934|
||||��������|���������|���������|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2020|
||||£|£|£|
||**Grants**|||||
||Grants||18,154|8,570|26,725|
||JRS and Covid reponse grants||–|–|–|
||**Subscriptions**|||||
||Playgroup fees||–|58,339|58,339|
||||��������|��������|��������|
||||18,154|66,909|85,064|
||||��������|��������|��������|
|**6.**|**Charitable activities**|||||
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2021**|
||||£|£|**£**|
||Fundraising||7,318|541|7,858|
||Centre sundries||4|–|4|
||||�������|����|�������|
||||7,322|541|7,862|
||||�������|����|�������|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2020|
||||£|£|£|
||Fundraising||3,857|1,765|5,623|
||Centre sundries||1,105|–|1,105|
||||�������|�������|�������|
||||4,962|1,765|6,728|
||||�������|�������|�������|
|**7.**|**Other trading activities**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Rents|21,575|21,575|44,243|44,243|
||Lets|3,890|3,890|48,760|48,760|
|||��������|��������|��������|��������|
|||25,465|25,465|93,003|93,003|
|||��������|��������|��������|��������|
**14**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
## **8. Investment income**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|Bank interest|1|1|2|2|
||����|����|����|����|
|**Expenditure on charitable activities by fund type**|||||
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2021**|
|||£|£|**£**|
|Charitable activities||143,591|66,560|210,151|
|Support costs||1,208|–|1,207|
|||���������|��������|���������|
|||144,799|66,560|211,358|
|||���������|��������|���������|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
|||£|£|£|
|Charitable activities||113,474|51,874|165,349|
|Support costs||1,450|–|1,450|
|||���������|��������|���������|
|||114,924|51,874|166,799|
|||���������|��������|���������|
## **9. Expenditure on charitable activities by fund type**
## **10. Expenditure on charitable activities by activity type**
||Activities||||
|---|---|---|---|---|
||undertaken||**Total funds**|Total fund|
||directly Support costs||**2021**|2020|
||£|£|**£**|£|
|Charitable activities|210,151|–|210,151|165,349|
|Governance costs|–|1,207|1,207|1,450|
||���������|�������|���������|���������|
||210,151|1,207|211,358|166,799|
||���������|�������|���������|���������|
## **11. 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|1,889|1,914|
|||�������|�������|
|**12.**|**Independent examination fees**|||
|||**2021**|2020|
|||**£**|£|
||Fees payable to the independent examiner for:|||
||Independent examination of the financial statements|900
����|900
����|
**15**
**Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
## **13. 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|121,146|116,425|
||���������|���������|
The average head count of employees during the year was 11 (2020: 11). The average number of full-time equivalent employees during the year is analysed as follows:
||**2021**|2020|
|---|---|---|
||**No.**|No.|
|Centre|6|6|
|Playgroup|6|6|
||����|����|
||12|12|
||����|����|
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
## **14. Trustee remuneration and expenses**
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
## **15. Tangible fixed assets**
|||Community||Fixtures and|Office||
|---|---|---|---|---|---|---|
|||centre|Canopy|fittings|equipment|**Total**|
|||£|£|£|£|**£**|
||**Cost**||||||
||**At 1 April 2020 and**||||||
||**31 March 2021**|1,000,000|2,800|16,638|21,678|1,041,116|
|||������������|�������|��������|��������|������������|
||**Depreciation**||||||
||At 1 April 2020|–|–|8,320|19,429|27,749|
||Charge for the year|–|–|1,664|225|1,889|
|||������������|�������|��������|��������|������������|
||**At 31 March 2021**|–|–|9,984|19,654|29,638|
|||������������|�������|��������|��������|������������|
||**Carrying amount**||||||
||**At 31 March 2021**|1,000,000|2,800|6,654|2,024|1,011,478|
|||������������|�������|��������|��������|������������|
||At 31 March 2020|1,000,000|2,800|8,318|2,249|1,013,367|
|||������������|�������|��������|��������|������������|
|**16.**|**Debtors**||||||
||||||**2021**|2020|
||||||**£**|£|
||Trade debtors||||5,523|3,749|
||||||�������|�������|
**16**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
## **17. Creditors: amounts falling due within one year**
|||**2021**|2020|
|---|---|---|---|
|||**£**|£|
||Trade creditors|4,259|–|
||Accruals and deferred income|28,857|1,400|
|||��������|�������|
|||33,116|1,400|
|||��������|�������|
|**18.**|**Deferred income**|||
|||**2021**|2020|
|||**£**|£|
||Amount deferred in year|21,934
��������|–
����|
## **19. Analysis of charitable funds**
## **Unrestricted funds**
|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||||||**At**|
||At|||**31 March 202**||
||1 April 2020|Income|Expenditure|Transfers|**1**|
||£|£|£|£|£|
|General funds|30,507|79,473|(144,799)|12,494|(22,325)|
||��������|��������|���������|��������|��������|
||||||At|
||At||||31 March 202|
||1 April 2019|Income|Expenditure|Transfers|0|
||£|£|£|£|£|
|General funds|29,310|116,121|(114,924)|–|30,507|
||��������|���������|���������|����|��������|
|**Restricted funds**||||||
||||||**At**|
||At|||**31 March 202**||
||1 April 2020|Income|Expenditure|Transfers|**1**|
||£|£|£|£|£|
|Restricted Fund|1,055,292|106,790|(65,233)|(7,495)|1,089,354|
|Restricted capital fund|6,633|–|(1,327)|–|5,306|
||������������|���������|��������|�������|������������|
||1,061,925|106,790|(66,560)|(7,495)|1,094,660|
||������������|���������|��������|�������|������������|
||||||At|
||At||||31 March 202|
||1 April 2019|Income|Expenditure|Transfers|0|
||£|£|£|£|£|
|Restricted Fund|1,037,165|68,674|(50,547)|–|1,055,292|
|Restricted capital fund|7,960|–|(1,327)|–|6,633|
||������������|��������|��������|����|������������|
||1,045,125|68,674|(51,874)|–|1,061,925|
||������������|��������|��������|����|������������|
**17**
**Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2021**
## **19. Analysis of charitable funds** _**(continued)**_
The capital fund is restricted and represents the SITA grant contribution towards the new boiler installed at the Centre in 2014/2015. The boiler is depreciated over 10 years, starting in the year ended 31 March 2016.
## **20. Analysis of net assets between funds**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2021**|
||£|£|**£**|
|Tangible fixed assets|3,372|1,008,106|1,011,478|
|Current assets|(25,697)|86,554|60,857|
||��������|������������|������������|
|**Net assets**|(22,325)|1,094,660|1,072,335|
||��������|������������|������������|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
||£|£|£|
|Tangible fixed assets|3,934|1,009,433|1,013,367|
|Current assets|26,334|52,732|79,066|
||��������|������������|������������|
|**Net assets**|30,268|1,062,165|1,092,433|
||��������|������������|������������|
**18**
**Hexham and Tynedale Community Trust**
**Company Limited by Guarantee**
## **Management Information**
## **Year ended 31 March 2021**
**The following pages do not form part of the financial statements.**
**19**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Detailed Statement of Financial Activities**
## **Year ended 31 March 2021**
||**2021**|2020|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Grants|54,029|26,725|
|JRS and Covid reponse grants|40,626|–|
|Playgroup fees|58,279|58,339|
||���������|��������|
||152,934|85,064|
||���������|��������|
|**Charitable activities**|||
|Fundraising|7,858|5,623|
|Centre sundries|4|1,105|
||�������|�������|
||7,862|6,728|
||�������|�������|
|**Other trading activities**|||
|Rents|21,575|44,243|
|Lets|3,890|48,760|
||��������|��������|
||25,465|93,003|
||��������|��������|
|**Investment income**|||
|Bank interest|1|2|
||����|����|
||���������|���������|
|**Total income**|186,262|184,797|
||���������|���������|
**20**
## **Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Detailed Statement of Financial Activities** _**(continued)**_
## **Year ended 31 March 2021**
||**2021**|2020|
|---|---|---|
||**£**|£|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Wages and salaries|121,146|116,425|
|It costs (2020)|–|861|
|Advertising|2,040|198|
|Light and heat|10,108|10,768|
|Repairs, renewals and cleaning|55,253|20,615|
|Insurance|3,243|4,074|
|Photocopier and equipmentrental|1,166|1,690|
|Refreshments|494|527|
|Centre/playgroup expenses|11,273|5,903|
|Legal and professional fees|962|961|
|Telephone and internet|2,000|1,223|
|Postage and stationary|703|877|
|Depreciation|1,889|1,914|
|Miscellaneous|1,081|763|
||���������|���������|
||211,358|166,799|
||���������|���������|
||���������|���������|
|**Total expenditure**|211,358|166,799|
||���������|���������|
||���������|���������|
|**Net (expenditure)/income**|(25,096)
���������|17,998
���������|
**21**
**Hexham and Tynedale Community Trust**
## **Company Limited by Guarantee**
## **Notes to the Detailed Statement of Financial Activities**
## **Year ended 31 March 2021**
||**2021**|2020|
|---|---|---|
||**£**|£|
|**Expenditure on charitable activities**|||
|**Charitable activities**|||
|**_Activities undertaken directly_**|||
|Staff salaries incl Ni and pension|121,146|116,425|
|IT costs (2020)|–|861|
|Advertising|2,040|198|
|Light & heat|10,108|10,768|
|Repairs, renewals and cleaning|55,253|20,615|
|Insurance|3,243|4,074|
|Photocopier and equipment rental|1,166|1,690|
|Refreshments|494|527|
|Centre/playgroup expenses|11,028|5,414|
|Telephone and internet|2,000|1,223|
|Postage and stationary|703|877|
|Depreciation|1,889|1,914|
|Miscellaneous|1,081|763|
||���������|���������|
||210,151|165,349|
||���������|���������|
|**Governance costs**|||
|Governance costs - bank charges|245|489|
|Governance costs - accountancy fees|962|961|
||�������|�������|
||1,207|1,450|
||�������|�������|
||���������|���������|
|**Expenditure on charitable activities**|211,358
���������|166,799
���������|
**22**