2022-03-31-accounts - Porchfield Community Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Trustees' Annual Report
Independent I xaminer's	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements

REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE
Name		Porchfield	Community	Association
Charity Number		1128331
Address	&Office	Porchfield	Close
		Liverpool
		L119DT
Trustees		During the	year member's		ofthe Board of	Trustees were as follows:
		A M Earwaker
		E Finnigan			(Resigned	August 2021)
		J Huxley
		M E Kirkwood
		A Lavelle
		C O' Shea
		P O' Shea
Independent		Paula Sanchez ACCA
Examiner		c/o LCVS
		151 Dale Street,
		Liverpool,
		L2 2AH
Bankers		Lloyds TSB,
		26 Broadway,
		Norris Green,
		Liverpool
		L11 1DA
Signed on	behalf ofthe Trustees
I'I DS ~&
C O' Shea				Date
Trustee

		Notes	Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2022	2022	2022	2021
Income and endowments
from:
Charitable activities		2a	14,902	29,070	43,972	106,347
Investments		2b	52		52	23
Other income		2C	2,844		2,844
Total income			17,798	29,070	46,868	106,370
Expenditure
Charitable Activities			20,397	62,439	82,836	69,098
Total expenditure			20,397	62,439	82,836	69,098
Net Income, net movement in funds			(2,599)	(33,369)	(35,968)	37,272
Total funds brought	forward	8, 9	45,440	54,119	99,559	62,287
Total funds carried	forward	7-9	42,841	20,750	63,591	99,559

			Notes	31"March	2022	31"March	2021
Fixed assets				5	E		E
Tangible fixed assets					7,650		7,191
Current assets
Debtors			5	25,910		23,909
Cash at bank and	in hand			30,791		69,909
				56,701		93,818
Current liabilities
Creditors: amounts falling due within one year				(760)		(1,450)
Net current assets					55,941		92,368
Total assets less	current		liabilities		63&591		99,559
Funds:
Unrestricted funds			7, 8		42,841		45,440
Restricted funds			7-9		20,750		54,119
					63,591		99,559
Approved by Trustees		on	4 i 12 ..............,.............

. I	ncome and endowments
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2022	2022	2022	2021
a.	Charitable activities			F		F
	Activities Income			11,993		11,993	2,980
	Community Foundation- Henry Smith Foundation	LCR Cares					4,997 32,800
	Henry Smith Charity- Community Match Fund				12,500	12,500	37,500
	Independent Age LCVS Community Impact	Fund			2,000	2,000	10,143 1,500
	LCVS- Skelton Charity						1,500
	Liverpool City Council Masonic Charitable Trust				570 4,000	570 4,000	4,000
	National Lottery Awards for		All		10,000	10,000
	National Lottery Community		Fund				4,827
	Onward Housing Reimbursement			2,844		2,844
	Room Hire			2,909		2,909	2,100
	Steve Morgan Foundation						2,500
	West Derby Wastelands						1,500
				17,746	29,070	46,816	106,347
b.	Investments						E
	Bank Interest			51		51	23
c.	Investments
	Other income			2,844		2,844

a. analysed as follows:	a. analysed as follows:
Direct charitable	expenditure:				2022f	2021 f
Staff salary costs					16,526	15,200
Tuition fees					13,950	4,165
Activity costs					16,636	19,508
Equipment					624	1,093
Building running	costs				5,810	5,330
Catering					1,543	616
Volunteer expenses					5,615	2,258
Donation					15
					60,719	48,170
Support &governance			costs:
Staff salary costs					12,467	12,949
Office costs					3,895	3,617
Travel expenses					1,032	528
Repairs & Maintenance						1,416
DBSfees					94
Insurance					923	615
Payroll fees					366	324
Accountancy					760	650
Loss on Disposal	of Fixed Assets				565
Depreciation					2,015	829
					22,117	20,928
Total expenditure activities		on	charitable		82,836	69,098
f29,070 (2021:f67,414)ofthe above				expenditure	is restricted	expenditu
b. Staff Costs					2022	2021f
Gross wages and	salaries			28,993		28,149

4.	Tangible fixed assets
			Computer	Fixtures	Other	Total
	Cost		Equipmentf	8 Fittingsf	Equipment
	Balance at 1"April 2021		1,787	9,131	4,231	15,149
	Additions in the year		2,290	360	389	3,039
	Disposals in the year		(1,787)	(1,540)	(262)	(3,589)
	Balance at31"March	2022	2,290	7,951	4,358	14,599
	Depreciation Balance at 1"April 2021		1,395	2,767	3,796	7,958
	Charge for the year		313	1,567	135	2,015
	Disposal for the year		(1,395)	(1,385)	(244)	(3,024)
	Balance at31"March	2022	313	2,949	3,687	6,949
	Net book value at 31" March 2022		1,977	5,002	671	7,650
	Net book value at31"March 2021		392	6,364	435	7,191
5.	Debtors
				2022f	2021f
	Prepayments			308	308
	Other Debtors (See note 8)			25,602	23,601
				25,910	23,909
6.	Creditors: amounts	falling	due within one year
				2022	2021f
	Accruals			760	1,450

Analysis of net assets between funds	Analysis of net assets between funds	Analysis of net assets between funds	Analysis of net assets between funds
	2022			Tangible Fixed		Net Current	Total
					Assets	Assets
Unrestricted Funds							6
General Fund					1,510	15,729	17,239
Designated	Fund —Sinking		Fund			25,602	25,602
					1,510	41,331	42,841
Restricted	Funds
Henry Smith	Foundation				2,659		2,659
Independent	Age				3,481		3,481
LCVS Community Impact		Fund				2,001	2,001
Masonic Charitable Trust						3,984	3,984
National Lottery Awards for			All			7,125	7,125
West Derby	Waste Lands					1,500	1,500
					6,140	14,610	20,750
Totals					7,650	55,941	63,591
	2021			Tangible	Fixed	Net Current	Total
					Assets	Assets
Unrestricted	Funds						F
General Fund					2,550	19,289	21,839
Designated	Fund —Sinking		Fund			23,601	23,601
					2,550	42,890	45,440
Restricted	Funds
Henry Smith	Foundation					24,131	24,131
Henry Smith Match Fund	Charity- Community					12,000	12,000
Independent	Age				4,641		4,641
LCVS Community Impact		Fund				1,500	1,500
LCVS- Skelton Charity						1,500	1,500
Masonic Charitable Trust						4,000	4,000
P H Holt Foundation						2,604	2,604
Tampon Tax Community		Fund				2,243	2,243
West Derby	Waste Lands					1,500	1,500
					4,641	49,478	54,119
Totals					7,191	92,368	99,559

Unrestri	cted Funds
			Movements in the		Year
	2022	Resources	Income	Expenditure	Transfer	Resources
		at			of Funds
		Beginning				at End
		ofyear				ofYear f
General	Fund	21,839	17,746	(20,396)	(1,950)	17,239
Designated Fund— Sinking Fund		23,601	51		1,950	25,602
		45,440	17,797	(20,396)		42,841
			Movements in the		Year
	2021	Resources	Income	Expenditure	Transfer	Resources
		at			of Funds
		Beginning				at End
		ofyear f	f	f		ofYear f
General	Fund	18,553	5,080	(1,684)	(110)	21,839
Designated Fund— Sinking Fund		23,468	23		110	23,601
		42,021	5,103	(1,684)		45,440

Restricted Funds
				Movements	in the Year
2022			Resources	Income	Expenditure	Resources
			at Beginning			at End
			ofyear	f	6	ofYear
Henry Smith Foundation			24,131		(21,472)	2,659
Henry Smith Charity- Community Match Fund			12,000	12,500	(24,500)
Independent Age			4,641		(1,160)	3,481
LCVS Community Impact		Fund	1,500	2,000	(1,499)	2,001
LCVS- Skelton Charity			1,500		(1,500)
Masonic Charitable Trust			4,000	4,000	(4,016)	3,984
National Lottery Awards	for All			10,000	(2,875)	7,125
P H Holt Foundation			2,604		(2,604)
Tampon Tax Community		Fund	2,243		(2,243)
West Derby Waste Lands Charity			1,500			1,500
			54,119	28,500	(61,869)	20,750
				Movements	in the Year
2021			Resources	Income	Expenditure	Resources
			at Beginning			at End
			ofyear			ofYear
			F
Community Foundation-LCR Cares				4,997	(4,997)
Henry Smith Foundation			7,320	32,800	(15,989)	24,131
Henry Smith Charity- Community Match Fund				37,500	(25,500)	12,000
Independent Age				10,143	(5,502)	4,641
LCVS Community Impact		Fund	1,720	1,500	(1,720)	1,500
LCVS- Skelton Charity				1,500		1,500
Masonic Charitable Trust				4,000		4,000
National Lottery Community Fund				4,827	(4,827)
P H Holt Foundation			5,570		(2,966)	2,604
Steve Morgan Foundation				2,500	(2,500)
Tampon Tax Community		Fund	5,656		(3,413)	2,243
West Derby Waste Lands Charity				1,500		1,500
			20,266	101,267	(67,414)	54,119

DETAILED STATEME	NT OF FINANCIAL ACTIVIT	IES FOR THE YEAR ENDED 31	' IIIIARCH 2022
		2022	2021
INCOME			E
Grant income		29,070	101,267
Activities income		11,993	2,980
Room hire		2,909	2,100
Other income reimbursement		2,844
Bank interest		51	23
Total income		46,867	106,370
EXPENDITURE
Charitable activities
Staff salary costs		28,993	28,149
Tuition fees		13,950	4,165
Activity costs		16,636	19,508
Travel expenses		1,032	528
Printing, postage and stationery		2,774	2,139
Telephone and internet		1,121	1,478
Equipment		624	1,093
Catering		1,543	616
Donation		15
Volunteer expenses		5,615	2,258
Repairs &maintenance			1,416
Cleaning		4,482	4,185
Running Costs		1,328	1,145
Insurance		923	615
DBSfees		94
Payroll fees		366	324
Accountancy fees		760	650
Loss on disposal of	fixed assets	565
Depreciation		2,015	829
Total expenditure		82,836	69,098
Net income/(Loss)	in the year	(35,969)	37,272