Charity Registration Number: 1126401
Trustees’ Report, Independent Examiner’s Report and Financial Statements for the year 1[st] January 2021 to 31[st] December 2021
TUBESTATION
Report of the Trustees for the year ended 31[st] December 2021
The trustees present their annual report and independently examined financial statements for the year ended 31[st] December 2021 and confirm they comply with the Charities Act 2011, the constitution and the provisions of the comply with Charity commission reporting guidance SORP (FRS102).
Reference and Administrative Information
Charity Name Tubestation Charity Registration Number 1126401 Address Trebetherick Hill Polzeath Cornwall PL27 6TB
Board of Trustees
Names of the trustees who manage the charity during the financial year and to the date of this report:
Daniel Jones (Chair) (appointed 26 May 2022) Rev Alistair Sharp (Chair) (resigned 26 May 2022) Timothy Cockerill Phil Williams Martin Taylor Sophie Doyle
Independent Examiners
Trudgeon Halling Wadebridge Cornwall
Bank HSBC Molesworth Street Wadebridge Cornwall
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Structure, governance and management
Organizational structure
Governing Document
Tubestation is constituted as a charitable association registered with the Charity Commission on 22nd October 2008 under charity number 1126401. It is governed by a constitution last updated on 9[th] February 2009.
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits for being trustees. During the years Chairmanship of Trustees was held by Rev Alistair Sharp.
The trustees meet together as a body at least annually and have overall responsibility for all decisions taken in relation to the activities provided by the charity. To assist in the smooth running of the charity the trustees have set up leadership team consisting of delegates from the board which meets together more regularly, to help them oversee day to day aspects of the charity’s work. This has developed into a staff team during 2021. During 2021 Finance continued to be operated by Rev Alistair Sharp, supervised by a second trustee, with an external accountant; day-to-day management of the Polzeath site is overseen by a staff team; and church management is overseen by the leadership team which works in collaboration with the Methodist church of England and Wales, and with the supervision of the local Methodist Superintendent.
In delivering its charitable objectives, Tubestation is pleased to be working in partnership with the Methodist Church, and has a Methodist chairperson. All the issues related to the management of the church and fabric of the premises are dealt with by a Church Council made up of all the church members. Tubestation is also closely linked with Christian Surfers UK (registered charity 1070830) who are also represented on the board of trustees (Phil Williams).
Recruitment and appointment of trustees
The existing trustees are responsible for the recruitment of new trustees. In selecting new trustees we seek to identify people who regularly attend events organized by the charity and are willing to volunteer to help in our broader charity work. Due consideration is also taken of the person’s eligibility, personal competence, specialist knowledge and skills. As a Christian charity, the trustees also seek for the board to have a fair representation of all the various Christian church denominations active within the scope of its operation.
Risk management
The trustees have assessed the risks the charity faces and have made a series of assessments which identify the major risks by area of activity, types of risk, their potential severity and likelihood, and the measures taken to manage them. Each assessment is reviewed annually, or more frequently depending on when change to the risk might arise. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. In particular, all the necessary insurances are in place. The finances of the charity are kept under constant review to ensure the charity’s financial systems represent best possible practice. Appropriate checks, supported by a regularly reviewed Safeguarding policy, are made for those who work with children or other vulnerable groups on behalf of Tubestation. The safeguarding officer is the local Methodist Superintendent, and the policy is reviewed every twelve months.
The charity continues to recover from the Covid-19 pandemic and the lockdown closures of 2020 and 2021. The charity’s trading activities have recovered suitable well in the 2021 financial period and the Trustees are hopeful this trend will continue.
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Objectives and activities
Our aims
Our aims remain to present the Christian faith within surf culture using the charity’s resources in practical and other creative ways to serve people and build community. Our long-term goal is to see a series of such faith-based community initiatives spring up around the coast of Cornwall and beyond, into other surfing destinations, to be of positive impact and benefit to each location.
Our objectives
The objects of the charity are set out in the charity’s constitution and are summarized as follows:
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To assist and maintain a Christian witness within the surfing community.
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To provide for the benefit of the inhabitants of Polzeath and the surrounding area and the public at large facilities and resources in the interests of social welfare for recreation or other leisure time occupation with the objects of improving their conditions of life and promoting a greater sense of community cohesion.
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To act as a resource for young people by providing a warm safe place to meet together and organizing activities as a means of advancing in life and helping young people by developing their skills capacities and capabilities to enable them to participate in society as independent mature and responsible individuals by way of improving their access to culture, sport and play and positive out of school activities.
Our objectives are set out to reflect our faith and community aims. Via annual meetings the trustees are involved in the review of our objectives and activities to ensure they continue to reflect our aims. In carrying out review the trustees are considering the Charity Commission’s general guidance on public benefit and its supplementary guidance on the advancement of religion for the public benefit.
Strategies
Tubestation was started as a small not for profit organization in October 2006, with an oversight committee, 2 grant funded employees and an underused chapel (Polzeath Methodist Church) as its premises. Tubestation has sought to improve and build upon the capacity of these resources to serve and be of benefit to the surrounding community, and in October 2008 Tubestation registered as a charity.
In the initial stages within the Polzeath community, the charity encouraged participation and community ownership by clearly communicating the purpose of the charity at community meetings and pointing to the potential to make improvements within the community for its benefit and to meet recognized and measured community needs which had been identified by recent surveys such as the Parish Plan. Other strategies such as schools competitions and open days have also been used by the charity to encourage involvement from community individuals on all levels. From this consultation a phased project plan with costings is has been drawn up.
Using the project plan, funding is sought and accessed which has allowed the refurbishment and development of the premises, the Methodist Church in Polzeath. This is open to the public most days, right through the year, and is staffed by a small team of paid staff and volunteers. A small number of commercial elements have been included to make the project as self-sufficient as possible, and also to help meet the purposes. It is also home to a worshipping Christian community which meets on Sundays and at other times through the week in various forms.
Most of our events and activities are free. Where a charge is made, concessions are made for local residents, members of the Residents Association, youth clubs, surf schools, church and other groups by arrangement.
By keeping eyes open to the changing needs of the surrounding community Tubestation’s trustees, staff and volunteers actively seek ways in which resources can be used to better benefit and build community - both in Polzeath and other local communities on the coast which have an active surf culture, as per the charity’s objectives. Strategies employed may include joining the local Residents or Parish Association, clubs where
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appropriate, and getting involved with Councils to build relationship, or providing space and opportunities for such local groups to flourish within Tubestation space.
The charity and its activities are promoted and advertised in a number of ways including Facebook, Instagram and Twitter, email, by word of mouth to church and other community contacts, leaflets, posters, newspapers, local publications, radio and television, as well as newsletters. Tubestation Polzeath has found that it serves a broad community which includes local residents; local clubs and associations; people on holiday in the area; travelling surfers and churchgoers; and as relations with each group continues to grow, so too does publicity by word of mouth.
Tubestation’s staff also seek to be of encouragement and help to any other church or community organization that wishes to serve its community better.
Activities and achievements
How our activities deliver public benefit
The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, examples of which are given below, provide benefit to the wider community, to those who worship as part of the church, surfers, visitors to the area, local businesses and people who benefit from activities and events around Cornwall.
Community activities
During the year under review our community facility in Polzeath continued to provide a valuable recreational resource which is open to all most days of the week. This primarily offers a warm, safe place for people to come at any time of the week or year. Within the facility such leisure activities as an indoor skateboard ramp, magazines and newspapers to read, board games, balance board, film screening, music including live music and rehearsal capability, food and drink, public shower, indoor and outdoor seating on two large wooden decked areas, wi-fi internet with laptops and printing.
The venue has grown a reputation for providing something for all the family. Parents know their children have fun in a safe environment while they themselves can spend social time together in a comfortable environment. A distinctive feature of our offering is that there is no pressure to spend money or be a “customer” in the usual sense, although the option is there to buy good quality home made, fairly traded, organic, or locally sourced food and drink should they wish.
The beachside location makes for a creative working environment. So as well as play and recreation, the facility has proved itself as being of value to those seeking a place to work, to meet, or just relax. It is regularly used for community meetings, business functions, or as a neutral space for individuals to work or study away from home. The following are examples of organized activities which the charity has either initiated itself or hosted, in pursuance of its charitable aims.
Our offering significantly changed in 2020, and in 2021 we remained closed until the week after Easter due to COVID restrictions.
The café reopened at the end of April and continued with a changed menu for the rest of the year. Traffic was very heavy from June onwards and the café saw a large increase in revenue over previous years. The changed menu made it simpler to cope and althr9ugh it was hard work the staff team did an outstanding job and enabled an excellent financial performance by the end of the year. The revenue and surplus in the months of July August and Sept were the best we have records for.
Clubs and Associations: clubs and associations which booked the venue reduced to zero during COVID, and have been very slow to pick up in 2021.
Zeath Gallery: Tubestation was unable to open the art gallery for more than a few weeks in the height of summer. It is a venture which serves to encourage local creativity and build community based around the arts as well as being a source of income for the charity. As well as the gallery the venue in Polzeath currently allocates much of its wall space to hang paintings and photographs by local artists and photographers, and also provides the public with organised exhibitions by local artists on site. Works of art can also usually be bought, from which the charity will normally take a 25% commission. The primary purpose of the gallery is to create and encourage community for local artists.
Previous activity Rehearsal space, Surf Competitions, children’s events, school visits all ceased during 2021
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Surf coaching: Tubestation was still available to local surf schools to meet, or as a wet-weather option for their groups to hang out. These kinds of partnerships have seen Tubestation enhancing the work of surf schools in the past, for example by offering a wet weather alternative with multimedia facilities, for surf instructors to give frame-by-frame video analysis of individuals’ surfing techniques. Tubestation also facilitates with the Methodist Church a lease of part of the property by Georges’ Surf School to store their surfboards.
Faith activities
Our church in Polzeath, operating as part of the Methodist Church of Britain, still provided a centre for outdoor worship and for the activities associated with our faith. During the year under review, we offered a range of faithbased services and activities including:
Meetings: A regular outdoor meeting is held every Sunday at 10am, when public worship was allowed. Other groups have remained in touch through zoom and social media
Weddings: There was three weddings held under the appropriate govt restrictions at the time.
Significant Events
Redevelopment of Kitchen was financed and completed during January of 2020, just before COVID. This was a complete redesign, involving merging the washing up room with the wider kitchen, adding a supplemental coffee bar to the main meeting area and replacing all storage units and cooking equipment. Money was raised by local subscriptions and visitor donations.
Planning permission was applied for, for the new Prayer Hut and Shed and allowing a disabled loading space outside the white gate. This was approved in 2020. However, COVID has severely hampered the plans and the work was delayed until 2021. Further problems with suppliers, linked to Covid and economic pressures caused further delays. The outside tent was damaged beyond repair I November 2021 and the decision was taken by management and trustees to put the building development on hold and concentrate on a permanent replacement for the tent. This is planned for 2022.
COVID affected every aspect of our operation and has been referred to throughout the report. However swift action to remove unnecessary costs, a full claiming of the furloughing scheme, and a Business support grant from Cornwall Council meant that finances remained in the black for the year. Inevitable Covid outbreaks amongst staff were kept to a minimum and did not jeopardize the operation
In Sept, the Chair of Trustees indicated that he would stand down from April 2022 after 5 years in post. The Methodist Church engaged in their internal recruiting system to find a new Superintendent minister who could take on the role. This was not as yet successful by Dec 31[st] 2021. The café manager also decided to leave after 6 years, but offered to stay until a replacement was found. One round of recruitment failed to find a suitable replacement by Dec 31[st] 2021.
Partnership working and performance review
The charity is very pleased to work in partnership with Christian Surfers UK, and The Methodist Church which provide support and invaluable advice and mentoring.
The charity values a running dialogue with all its users and other members of the public about what it offers to ensure it is meeting its objectives and constantly improving its public benefits.
We look to all our partners to give feedback on our progress and advise us on areas where improvements can be made. The trustees review the progress and outcomes of our work at each meeting.
Charitable donations policy set in 2019 was delayed due to COVID and will be implemented from 2022
Reserves Policy
The reserves policy is to keep three months basic running costs held in reserve. This policy is reviewed periodically by the trustees. It has been increased in the year to £50,000 as a strategic reserve.
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Funding
To fulfill its charitable objectives the charity relies on three principal sources of funding. They are Grant aid, Revenue from sales (on the limited number of commercial activities), and individual Giving. All incomes are used only to fulfill the stated objectives of the charity.
Plans for future periods
Tubestation has been in operation as a not-for-profit organization since 2006, and has been a registered charity for eight years. The site in Polzeath has been operational as Tubestation for 14 years and most of the activities described in the above sections are under ongoing review by the trustees to ensure their continual improvement in management and delivery. It is hoped that the activities will continue to expand and increase to serve more people, particularly in the areas of education and creative arts for which there is still much scope for growth.
Our temporary marquee is erected each year providing much needed extra space, and the possible development of the site to meet the demand of increasing users is becoming increasingly necessary.
However there remains much uncertainty regarding the future and volunteering as COVID restrictions stretched across 2021.
New staffing plans are in place for 2022 and there are new plans being made for a Summerhouse extension to the building to replace the plans for the prayer hut.
Statement of Trustees’ responsibilities
Trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 Charity commission reporting guidance SORP (FRS102), and the provisions of the constitution. They 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.
The trustees for the purposes of charity law who served during the year and up to the date of this report are set out on the front page of this report.
Approved by the trustees and signed on their behalf by:
……………………….
Daniel Jones
………………………
Name:
Chair of trustees ……………………… Position
24 ….. October 2022
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TUBESTATION
Independent Examiners Report For the year ended 31st December 2021
______________
Independent examiner’s report to the Trustees of Tubestation
I report to the trustees on my examination of the accounts of Tubestation for the year ended 31 December 2021, which are set out on pages 8 to 26.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).
I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commissioner under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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(2) the accounts do not accord with those records; or
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(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Joseph Tamblyn FCA
Trudgeon Halling Chartered Accountants The Platt Wadebridge Cornwall PL27 7AE
Date: 24/10/2022
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Tubestation Statement of Financial Activities for the period ended 31st December 2021
| Total | |||||||
|---|---|---|---|---|---|---|---|
| Total funds | Funds | ||||||
| Unrestricted | Restricted | Endowment | 01/01/2021 - | 01/01/2020 - | |||
| funds | income funds | funds | 31/12/2021 | 31/12/2020 | |||
| Note | £ | £ | £ | £ | £ | ||
| Incoming resources | |||||||
| Incoming resources from | generating funds | ||||||
| Donations and legacies | 2 | 66,494 | 29,540 | - | 96,033 | 88,030 | |
| Charitable activities | 4 | 114,840 | - | - | 114,840 | 6,576 | |
| Other trading activities | 5 | 8,045 | - | - | 8,045 | 59,330 | |
| Investment income | 6 | 351 | - | - | 351 | 279 | |
| Total incoming | |||||||
| resources | 189,730 | 29,540 | - | 219,269 | 154,215 | ||
| Resources expended | |||||||
| Costs of Generating Funds | |||||||
| Other trading activities | 7 | 4,955 | - | - | 4,955 | 6,948 | |
| Grant making | 8 | & 10 | 20,537 | 500 | - | 21,037 | 20,195 |
| Charitable activities | 8 | 141,501 | 6,760 | - | 148,261 | 128,860 | |
| Governance costs | 12 | 2,848 | - | - | 2,848 | 3,677 | |
| Total resources | |||||||
| expended | 169,842 | 7,260 | - | 177,101 | 159,680 | ||
| Net incoming/(outgoing) | |||||||
| resources before transfers | 19,888 | 22,280 | - | 42,168 | (5,465) | ||
| Transfers | 775 | (775) | - | - | |||
| funds | - | - | - | ||||
| Net movement in funds | 20,663 | 21,505 | - | 42,168 | (5,465) | ||
| Reconciliation of funds | |||||||
| Total funds brought | |||||||
| forward | 79,010 | 47,609 | - | 126,619 | 132,084 | ||
| Total funds carried | |||||||
| forward | 99,673 | 69,114 | - | 168,787 | 126,619 | ||
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Tubestation Balance Sheet as at 31 December 2021
| Note Fixed Assets Tangible assets 16 Current Assets Stocks and work in progress Debtors 17 Cash at bank and in hand Creditors: Amounts falling due within one year 18 Net Current Assets Net Assets The funds of the charity Restricted funds in surplus 20 Restricted funds in deficit 20 Total restricted funds Unrestricted funds Unrestricted income funds 20 Total charity funds |
£ £ 7,587 1,297 - 168,781 170,078 (8,879) 161,199 168,787 69,114 - 69,114 99,673 168,787 2021 |
£ £ 4,823 1,297 - 125,239 126,536 (4,740) 121,796 126,619 47,609 - 47,609 79,010 126,619 2020 |
|---|---|---|
The financial statements have been prepared in accordance with the Financial Reporting Standard FRS102 and in compliance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP FRS102).
19/10/2022
Approved by the Board on ………………………….. And signed on its behalf by:
----- Start of picture text -----
……………………………………………………
----- End of picture text -----
Name: Daniel Jones Position: Chair of trustees
The notes on pages 11 to 26 form an integral part of these financial statements.
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Tubestation
Notes to the Financial Statements for the year ended 31 December 2021
Statement of compliance
The financial statements have been prepared in accordance with the Charities Act 2011.The have also been prepared in compliance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP FRS102) and FRS102, the Financial Reporting Standard applicable in the UK and republic of Ireland. Tubestation is a public benefit entity.
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The charity's trading activities continue to perform well and the charity expects to continue to received sufficient grant funding to allow it to meet it's objectives. Covid-19 has been considered and the Trustees do not consider its effect to cause question as to the charity's ability to continue as a going concern.
The Trustees believe that the operation of the Tubestation Café as a community space with a skate ramp is a core part of delivering our charitable objects and therefore the associated costs and revenue for this activity is deemed to be charitable activity. The Zeath Gallery supports local artists however this does not relate directly to our charitable objects so the associated costs and revenue for this is deemed to be other trading. These changes in allocation have been agreed by the Trustees to take effect from the 2021 accounts.
1 Accounting policies
Basis of preparation
The financial statements have been prepared on a going concern basis under the historical cost convention.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Fund Accounting Policy
Unrestricted income funds are general funds that are available for the use at the Trustees' discretion in furtherance of the objectives of the charity. Restricted funds are those donated for the use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Designated funds are unrestricted funds set aside at the discretion of the Trustees for specific purposes.
Incoming resources
Voluntary income including donations and grants that provide core funding or are of a general nature is recognised under the accruals model where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Government grants are recognised under the performance model as required by the Charities SORP (FRS102).
Gifts in kind are recognised where goods or services are provided free of charge and the cost can be determined with a reasonable level of accuracy.
Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
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Tubestation Notes to the Financial Statements for the year ended 31 December 2021
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grants payable are payments made to third parties in the furtherance of the charitable objectives. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specific service or output.
Grants payable without performance conditions are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Governance costs
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of Trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
Support Costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
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Tubestation Notes to the Financial Statements for the year ended 31 December 2021
Fixed assets
Individual fixed assets costing £100 or more are initially recorded at cost.
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years Fixtures and fittings over 5 years Motor Vehicles over 4 years Property over 5 years Office Equipment over 3 years
Stock
Stock is valued at the lower of cost and net realisable value.
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
Financial instruments
A financial asset or liability is recognised only when the charity becomes party to the contractual provisions of the instruments.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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Tubestation Notes to the Financial Statements for the year ended 31 December 2021
2 Donation and Legacies
| Unrestricted | Restricted | Endowment | |||
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| Donations and | legacies | ||||
| Committed | |||||
| giving | 28,194 | - | - | 28,194 | 28,387 |
| Appeals and | |||||
| donations | - | 5,082 | - | 5,082 | 17,245 |
| Gift Aid tax | |||||
| reclaimed | 6,693 | - | - | 6,693 | 1,362 |
| Grants Grants - other agencies Gifts in kind Appeals and donations |
34,886 31,607 - |
5,082 24,457 |
- - - |
39,969 56,065 - |
46,994 30,788 10,248 |
| 66,494 | 29,540 | - | 96,033 | 88,030 | |
| Unrestricted Funds £ Donations and legacies Methodist Church Venture FX - Willats Trust BPW Methodist Circuit - ECLAS - Life on the Edge - CJRS Grant 15,360 Cornwall Council - Covid Assistance Grants 16,247 3 Grants Receivable |
Restricted Funds £ - 1,500 20,248 2,709 - |
Endowment Funds £ - - - - - - |
2021 £ - - 1,500 20,248 18,070 16,247 |
2020 £ 7,809 667 1,500 - 9,479 11,334 |
|
| 31,607 | 24,457 | - | 56,065 | 30,788 |
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Tubestation Notes to the Financial Statements for the year ended 31 December 2021
4 Charitable Activities
| Unrestricted Restricted |
Endowment |
|||
|---|---|---|---|---|
| Funds Funds |
Funds | 2021 | 2020 | |
| £ £ |
£ | £ | £ | |
| Charitable activity Café and | ||||
| Mission | ||||
| Tubestation | ||||
| Café | ||||
| 114,840 | - - | 114,840 6,576 | ||
| 114,840 |
- - | 114,840 6,576 | ||
| Unrestricted Funds Restricted Funds £ £ Operating Activity Zeath and Merchandise Sales of goods on commission 8,045 Youth Work - Other income arising from the café - 5 Other Charitable Activities |
Endowment Funds £ - - - - |
2021 2020 £ £ 8,045 59,330 - - - - |
||
| 8,045 |
- - | 8,045 59,330 | ||
| Solar Panel Income Interest on cash deposits 6 Investment |
Unrestricted Funds Restricted Funds £ £ 348 3 income |
Endowment Funds £ - - - - |
2021 £ |
2020 £ 348 256 3 23 |
| 351 |
- - | 351 279 |
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Tubestation Notes to the Financial Statements for the year ended 31 December 2021
7 Fundraising trading: other trading activities
| Unrestricted | Restricted | Endowment | |||
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| Operating Activity Zeath and | |||||
| Merchandise | |||||
| Cost of goods | |||||
| sold | - | - | - | - | - |
| Support costs | |||||
| allocated | 4,955 | - | - | 4,955 | 6,948 |
| 4,955 | - | - | 4,955 | 6,948 | |
| Activities undertaken directly Grant funding of activities £ £ Charitable Activity Café and Mission 38,660 21,037 Church Weekend 1,451 - 8 Details of charitable activities |
Support Costs Allocated £ 108,150 - |
2021 £ 167,848 1,451 |
2020 £ 146,321 2,734 |
||
| 40,111 | 21,037 | 108,150 |
169,298 |
149,055 |
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Notes to the Financial Statements for the year ended 31 December 2021
Tubestation
9 Support costs
| Printing, posting and stationery Subscriptions and donations Travel and subsistence Advertising and promotion Accountancy and payroll fees Employment costs Pension costs Staff training and welfare Establishment costs Repairs and maintenance Office expenses Independent examination fees Bank charges VAT flat rate adjustments Depreciation of tangible fixed assets |
Zeath and Merchandise Café and Mission Governance Total £ £ £ £ 78,918 - 78,918 1,658 - 1,658 906 4,422 5,328 598 2,920 - 3,518 1,349 6,586 - 7,935 474 2,316 - 2,791 243 1,184 - 1,427 257 1,255 - 1,512 28 134 - 162 51 248 - 299 - - 2,053 2,053 - - 795 795 607 2,962 - 3,568 444 2,166 2,609 3,382 - 3,382 4,955 108,150 2,848 115,953 |
|---|---|
10 Grant making
| Charitable Activities |
£ £ 20,237 800 Grants to individuals Grants to institutions |
|---|---|
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Notes to the Financial Statements for the year ended 31 December 2021
Tubestation
11 Grants to institutions
----- Start of picture text -----
Name of institution Activity £
Methodist Church Mission 16,120
Creationfest Mission 900
Christians Against Poverty Mission 550
Christian Surfers Mission 2,400
Jesus Longboard Mission 267
20,237
----- End of picture text -----
12 Governance costs
| Support costs allocated |
Unrestricted Funds Restricted Funds Endowment Funds 2021 2020 £ £ £ £ £ 2,848 - - 2,848 3,677 2,848 - - 2,848 3,677 |
|---|---|
13 Trustees' remuneration and expenses
During the year the following remuneration was paid to trustees. The trustees were paid in relation to additional work undertaken by themselves on behalf of the charity not paid in relation to their position as a trustee of the charity as allowed by the charity's governing constitution.
No expenses were paid to trustees during the current or previous year.
During the year pension contributions totalling £Nil(2020: £146) were made by the charity for the benefit of Mr C H Cavender.
17
Tubestation Notes to the Financial Statements for the year ended 31 December 2021
14 Net outgoing resources
| Accountants fees for Independent examination Accountants fees for accounts preparation and payroll services Depreciation of tangible fixed assets |
2021 2020 £ £ 795 750 2,053 2,927 3,382 2,292 |
|---|---|
15 Employees' remuneration
The average number of persons employed by the charity (including trustees) during the period was as follows:
| Charitable activities Wages and salaries Pension Costs Social security The aggregate payroll costs of these persons were as follows: |
2021 2020 No. No. 5 5 2021 2020 £ £ 76,840 60,678 1,658 1,154 2,078 2,346 80,575 64,177 |
|---|---|
No employee received remuneration amounting to more than £60,000 in either year.
18
Tubestation Notes to the Financial Statements for the year ended 31 December 2021
16 Tangible fixed assets
| Cost As at 1 January 2020 Additions Disposals As at 31st December 2021 Depreciation As at 1 January 2020 Charge On disposals As at 31st December 2021 Net book value As at 1 January 2020 As at 31st December 2021 Trade debtors Other debtors 17 Debtors |
Freehold interest in land and buildings Plant and machinery including motor vehicles £ £ 1,063 45,515 - - - 3,350 1,063 42,165 1,063 45,187 - 164 - 3,350 1,063 42,001 - 328 - 164 |
Fixtures, fittings and equipment Total £ £ 20,943 67,521 6,146 6,146 - 3,350 27,089 70,317 16,448 62,698 3,218 3,382 - 3,350 19,666 62,730 4,495 4,823 7,424 7,587 2021 2020 £ £ - - - - - - |
|---|---|---|
19
Notes to the Financial Statements for the year ended 31 December 2021
Tubestation
18 Creditors: Amounts falling due within one year
| Accruals and deferred income Bank loans and overdrafts Trade creditors Taxation and social security |
2021 2020 £ £ - - 1,308 - 4,545 1,382 3,026 3,358 8,879 4,740 |
|---|---|
19 Related parties
Controlling entity
The charity is controlled by the trustees.
Related party transactions
There were no related party transactions during this or the previous financial year.
Other users of the Tubestation site
George's Surf School rent space underneath the decking for board storage from the Methodist Church directly. George's Surf School offer surf therapy and community surf programmes through its associated Community Interest Company (CIC) Another Wave. There are no payments between Tubestation and George's Surf School or Another Wave.
Grants & support for events:
A total of £2,667 (2020: £2,400) was paid to Christian Surfers, a UK registered charity, for whom Trustee Philip Williams also act as trustee. £2,400 was paid as a charitable grant and £267 was paid in sponsorship of the Jesus Longboard Classic (2020: £2,400 was paid as a charitable grant and £Nil was paid in sponsorship of the Jesus Longboard Classic).
20
Tubestation
Notes to the Financial Statements for the year ended 31 December 2021
20 Analysis of funds
----- Start of picture text -----
At 31st
At 1st January Incoming Resources December
2021 Resources Expended Transfers 2021
£ £ £ £ £
Designated Fund
- - - - -
Hardship fund
General Fund
Unrestricted
income funds 79,010 189,730 (169,842) 775 99,673
Restricted Funds
Esta 775 (775) -
ECLAS - Life
on Edge - 20,553 (4,181) 16,372
Specific
Equipment
46,834 8,987 (3,079) 52,742
47,609 29,540 (7,260) - 775 69,114
126,619 219,269 (177,101) - 168,787
----- End of picture text -----
21 Transfers
During the year £775 was transferred from the restricted Esta fund to Unrestricted funds on the completion of the Esta project.
22 Net asset by fund
| Tangible assets Current assets Creditors: Amounts falling due within one year |
Unrestricted Funds Restricted Funds Endowment Funds 2021 2020 £ £ £ £ £ 3,408 4,180 - 7,589 4,824 105,144 64,934 - 170,078 126,536 (8,879) - - (8,879) (4,740) 99,673 69,114 - 168,787 126,619 |
|---|---|
21
Tubestation Notes to the Financial Statements for the year ended 31 December 2021
| Charitable activities Net outgoing resources before transfers Transfer Gross transfers between funds Net movements in funds Total funds brought forward Total funds carried forward Resources expended Reconciliation of funds |
Hardship Fund 2021 Hardship Fund 2020 £ £ - - - - - - - - - - - - - - |
|---|---|
22
Tubestation Notes to the Financial Statements for the year ended 31 December 2021
| Donations and legacies Charitable activities Other trading activities Investment income Total incoming resources Other trading activities Grant making Charitable activities Governance costs Total resources expended Net outgoing resources before transfers Transfers Gross transfers between funds Net movements in funds Reconciliation of funds Total Funds brought forward Total Funds carried forward Resources expended Incoming resources |
Unrestricted Income Fund 2021 Unrestricted Income Fund 2020 £ £ 66,494 62,564 114,840 6,576 8,045 59,330 351 279 189,730 128,749 4,955 6,948 20,537 20,195 141,501 103,303 2,848 3,677 169,842 134,124 19,888 (5,375) 775 - 20,663 (5,375) 79,010 84,384 99,673 79,010 |
|---|---|
23
Tubestation
Notes to the Financial Statements for the year ended 31 December 2021
| Voluntary income Activities for generating funds Investment income Incoming resources from charitable activities Total incoming resources Fundraising trading: cost of goods sold and other costs Charitable activities Governance costs Total resources expended Net outgoing resources before transfers Transfers Gross transfers between funds Net movements in funds Reconciliation of funds Total Funds brought forward Total Funds carried forward Incoming resources Resources expended |
Esta 2021 Esta 2020 £ £ - 7,809 - - - - - - - 7,809 - - - 7,034 - - - 7,034 - 775 (775) - (775) 775 775 - - 775 |
|---|---|
24
Tubestation
Notes to the Financial Statements for the year ended 31 December 2021
| Voluntary income Activities for generating funds Investment income Incoming resources from charitable activities Total incoming resources Charitable activities Governance costs Total resources expended Net outgoing resources before transfers Transfers Gross transfers between funds Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward Fundraising trading: advertising, repairs and maintenance & fixed assets Incoming resources Resources expended |
Specific Equipment 2021 Specific Equipment 2020 £ £ 8,987 17,657 - - - - - - 8,987 17,657 3,079 18,523 - - - - 3,079 18,523 5,908 (866) - - 5,908 (866) 46,834 47,700 52,742 46,834 |
|---|---|
25
Tubestation Notes to the Financial Statements for the year ended 31 December 2021
| Voluntary income Activities for generating funds Investment income Incoming resources from charitable activities Total incoming resources Charitable activities Governance costs Total resources expended Net outgoing resources before transfers Transfers Gross transfers between funds Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward Resources expended Fundraising trading: advertising, repairs and maintenance & fixed assets |
ECLAS - Life on Edge 2021 ECLAS - Life on Edge 2020 20,553 - - - - - - - 20,553 - 4,181 - - - - - 4,181 - 16,372 - - - 16,372 - - - 16,372 - |
|---|---|
26