## **M5nine Community Projects** **Charity No. 1125819** **Trustees' Report and Unaudited Accounts** **31 March 2021** **M5nine Community Projects Contents** ||Pages| |---|---| |Trustees' Annual Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Statement of Cash flows|11| |Notes to the Accounts|5 to 10| |Detailed Statement of Financial Activities|12 to 13| Page 1 **M5nine Community Projects Trustees Annual Report** The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2021. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1125819** ## **Principal Office** Address Line 5 ## **Trustees** The following Trustees served during the year: L. Else J.E. Poppy L. Watkins ## **Accountants** Amstone Management Limited Powys Lodge 6 Court Road Strensham Worcestershire WR8 9LP ## **PLANS FOR FUTURE PERIODS** There are no plans to change the way that the charity operates in the foreseeable future ## **Statement of trustees' responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees L. Else Trustee 27 December 2021 Page 2 **M5nine Community Projects Statement of Financial Activities** ## **for the year ended 31 March 2021** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Other
4
**Total**
**Expenditure on:**
Charitable activities
5
Other
6
**Total**
Net gains on investments
**Net income/(expenditure)**
7
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricte**
**d funds**
**2021**
**£**
22,091
15,908|**Total funds**
**2021**
**£**
22,091
15,908|**Total funds**
**2020**
**£**
24,765
-| |---|---|---|---| ||37,999
557
27,235|37,999
557
27,235|24,765
930
28,709| ||27,792
-|27,792
-|29,639
-| ||10,207
-|10,207
-|(4,874)
-| ||10,207|10,207|(4,874)| ||10,207
386|10,207
386|(4,874)
5,260| ||10,593|10,593|386| Page 3 **M5nine Community Projects Balance Sheet** ## **at 31 March 2021** |**Charity No. 1125819**
**Fixed assets**
Tangible assets
9
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
10
**Net current assets/(liabilities)**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
11
**Unrestricted funds**
11
General funds
**Reserves**
11
**Total funds**|**2021**
**£**
1,127
1,127
12,487
12,487
(3,021)
9,466
10,593
10,593
10,593
10,593
10,593
10,593|**2020**
**£**
2,254| |---|---|---| |||2,254
2,851| |||2,851
(4,719)| |||(1,868)
386| |||386| |||386| |||386| |||386| |||386| Approved by the trustees on 27 December 2021 And signed on their behalf by: L. Else Trustee 27 December 2021 Page 4 **M5nine Community Projects Notes to the Accounts** ## **for the year ended 31 March 2021** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Income** Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 5 **M5nine Community Projects Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Page 6 **M5nine Community Projects Notes to the Accounts** ## 2 **Statement of Financial Activities - prior year** |**Income and endowments from:**
Donations and legacies
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
4
**Other income**
Coronavirus Job Retention
Scheme grants|**Unrestricted**
**£**
22,091
22,091
**Unrestricted**
**£**
15,908
15,908|**Unrestricted**
**funds**
**2020**
**£**
24,765
24,765
930
28,709
29,639
(4,874)
(4,874)
(4,874)
5,260
386
**Total**
**2021**
**£**
22,091
22,091
**Total**
**2021**
**£**
15,908
15,908|**Total funds**
**2020**
**£**
24,765| |---|---|---|---| ||||24,765
930
28,709| ||||29,639| ||||(4,874)| ||||(4,874)| ||||(4,874)
5,260| ||||386| ||||**Total**
**2020**
**£**
24,765| ||||24,765| ||||**Total**
**2020**
**£**
-| ||||-| Page 7 **M5nine Community Projects Notes to the Accounts** - 5 **Expenditure on charitable activities** |_Expenditure on charitable_
_activities_
_Governance costs_
6
**Other expenditure**
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
7
**Net income/(expenditure) before transfers**
This is stated after charging:
Depreciation of owned fixed assets
8
**Staff costs**
Salaries and wages
Social security costs
No employee received emoluments in excess of £60,000.|**Unrestricted**
**£**
557
557
**Unrestricted**
**£**
23,007
-
1,628
1,127
773
700
27,235
**2021**
**£**
1,127
22,008
999
23,007|**Total**
**2021**
**£**
557
557
**Total**
**2021**
**£**
23,007
-
1,628
1,127
773
700
27,235|**Total**
**2020**
**£**
930| |---|---|---|---| ||||930| ||||**Total**
**2020**
**£**
22,275
1,194
2,885
1,127
628
600| ||||28,709| ||||**2020**
**£**
1,127
21,341
934| ||||22,275| ||||| Page 8 **M5nine Community Projects Notes to the Accounts** ## 9 **Tangible fixed assets** |**Cost or revaluation**
At 1 April 2020
At 31 March 2021
**Depreciation and**
**impairment**
At 1 April 2020
Depreciation charge for the
year
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020
10 **Creditors:**
amounts falling due within one year
Other taxes and social security
Accruals and deferred income||**2021**
**£**
487
2,534
3,021|**£**
5,635
5,635
3,381
1,127
4,508
1,127
2,254|**£**
5,635| |---|---|---|---|---| |||||5,635| |||||3,381
1,127| |||||4,508| |||||1,127| |||||2,254| |||||**2020**
**£**
489
4,230| |||||4,719| |||||| |11 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**
12 **Analysis of net assets between funds**
Fixed assets
Net current assets|**At 1 April**
**2020**
386
386|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
37,999
37,999|**Resources**
**expended**
**£**
(27,792)
(27,792)
**Unrestricted**
**funds**
**£**
1,127
9,466
10,593|**At 31**
**March**
**2021**
**£**
10,593| |||||10,593| |||||**Total**
**£**
1,127
9,466| |||||10,593| Page 9 **M5nine Community Projects Notes to the Accounts** ## 13 **Reconciliation of net debt** |**Reconciliation of net debt**|||| |---|---|---|---| |Cash and cash equivalents
Net debt|**At 1 April**
**2020**
**£**|**Cash flows**
**£**|**At 31**
**March**
**2021**
**£**| ||2,851|9,636|12,487| ||2,851
2,851|9,636
9,636|12,487| ||||12,487| Page 10 **M5nine Community Projects Statement of Cash flows for the year ended 31 March 2021** |**Cash flows from operating activities**
**Net income/(expenditure) per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
(Decrease)/Increase in trade and other payables
**Net cash used in operating activities**
**Cash flows from investing activities**
Dividends, interest and rents from investments
**Net cash from investing activities**
**Net cash from financing activities**
**Net increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**|**2021**
**£**
10,207
1,127
(15,908)
(1,698)
(6,272)
15,908
15,908
-
9,636
2,851
12,487|**2020**
**£**
(4,874)
1,127
-
934| |---|---|---| |||(2,813)
-| |||-| |||| |||-| |||| |||(2,813)| |||5,664| |||2,851| |||| |**Components of cash and cash equivalents**||| |Cash and bank balances|12,487|2,851| |||| ||12,487|2,851| Page 11 **M5nine Community Projects Detailed Statement of Financial Activities** ## **for the year ended 31 March 2021** |**Income and endowments from:**
Donations and legacies
Other
Coronavirus Job Retention
Scheme grants
**Total income and endowments**
**Expenditure on:**
Charitable activities
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Employer's NIC
Vehicles - Insurance and licences
Premises costs
Rent
Rates
General administrative costs,
including depreciation and
amortisation
Depreciation of
General insurances
Sundry expenses
Legal and professional costs
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments|**Unrestricted**
**funds**
**2021**
**£**
22,091
22,091
15,908
15,908
37,999
557
557
557
22,008
999
23,007
-
-
1,560
68
1,628
1,127
693
80
1,900
700
700
27,235
27,792
-|**Total funds**
**2021**
**£**
22,091
22,091
15,908
15,908
37,999
557
557
557
22,008
999
23,007
-
-
1,560
68
1,628
1,127
693
80
1,900
700
700
27,235
27,792
-|**Total funds**
**2020**
**£**
24,765| |---|---|---|---| ||||24,765| ||||-| ||||-| ||||24,765
930| ||||930| ||||930
21,341
934| ||||22,275| ||||1,194| ||||1,194| ||||2,885
-| ||||2,885| ||||1,127
259
369| ||||1,755| ||||600| ||||600| ||||| ||||28,709| ||||29,639
-| Page 12 **M5nine Community Projects Detailed Statement of Financial Activities** |**Net income/(expenditure)**
**Net income/(expenditure) before**
**other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|10,207
10,207
-
10,207
386
10,593|10,207
10,207
-
10,207
386
10,593|(4,874)| |---|---|---|---| ||||(4,874)
-| ||||(4,874)| ||||5,260| ||||386| Page 13