St Margaret's CommunityTrust Report of the Trustees/Directors with financial statements for the year ending 31st December 2020 (A company limited by guarantee not having share capital) Company Registration No: 06673803 (incorporated 5th August 2008) Charity Registration No: 1129747 AMNUAL REPORT OF TME TRUSTEES FOR THE YEAR ENDING 31 DECEMBER 20211 REFERENCE DET￿Ls NAME OF CHARITY: st. Margar8fs Cr*mm￿￿TrUSt Lbj lalthowh* h8¥8 ¢on5etrtftLXn c￿￿panIeS H(xJse to orrMttr* VAird Ltd) REGISTeRED CHARITY NUMBEFL. 1129747 REGISTERED COMPANY NUMBER: 73803 (Ery￿1￿J and Wale51 REGISTERED OFNCE.. SL klaryarefs Ctxjrth SL Margarefs Road Ward End Bimingham B8 2BA DIRECTORS AND TRUSTEES= Mr5 Jo 8agby. Ch Mr Gordon Earf Ms Theresa Haff Mr James L￿h Ms P8trKia GarL¥a MrAndTew cas￿￿1 Mr Zehir Kalra MrAhmad Azz Mr Damd Thomas Mrs R DcYwan Apwinled 7 December2016 AprA)inled 19th July 2017 Iresigw 1 J￿2020) Appoini8J 19th July 2017 Appo￿1￿1 7 Mar¢h 2011 lrnsigr*d 29 Jufyf 20201 Apwnted l Juty 2￿20 Ap￿l￿t￿l 29 August2019 AppoJnt&l 3 November 2020 AP￿￿ted 3 November 2020 ftied 7th Dt¢tmber2018 SECREfARY.. TREASUREFL. MrAhmad Azt pwnte¢l 19kn Juty2017 BANKERS.. CAF Bank Ltd 25 ￿￿￿$ HillAvenue ngs Hill Wesl Malling Kent ME194JQ INSURERS- Beaufort ￿oUSe Brunswck Road GlouGEster GL11JZ INDEPENDEFif EXAMINER: Karen HanL4n Karen HanLan lftdepÈndÈntEywinttLtd 12 W8lert*J aost W91ks￿￿[ne Page 2 of 20 CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2020 Page number ReferenGt Detsll$ Tru5tpes' Annual Report 4-10 Report ot the Independpnt Examiner ststÈmentof Firban¢lal Activities 12 Balance Sheet 13 Accountlng policie5 14-15 Notes to the Financial Statements 16-20 Page 3 of 20 STRUCTURE. GOVERNANce & MANAGEMEKf FOR THE YEAR ENDING 31 DECEMBER 2020 GOVERNING DOCUMENT St Margaret's Comtnunily Trust is a corryanylirr¥ltd bygLtaranleed wvemed by its Me￿￿3ndUm and ￿hd&S orAsso¢￿tioTr (dated: 131h July2f*J91. It is r¢gislered a5 a tharity%th Ihe Charitycommlssbn. APPOINTMENT OF TRUSTEES AND MEMBERS Six trustee5 were appointed on 15Augusl 2008 and replaced ￿ r￿ceSSary. Further ttustees were elBcled al Èa¢h Annual General Meeting thwe after (Up lo 5 deded tsvsleesl. The tyjard may wpt up lo 4 lurther trustees dLrring the year. Membars of Charila￿etOMpanygil8ranIee lorA)nt[￿)Ute an amwnlrniexceerfin9 £1 to the assets of the chwitable corTipany in the evenl of wrKJing up. The total rnJmbBrofsuch guarantees at 31 December 2020 vras ORGANISAnON The Boaid ¢fTruslees adrninithrthe charityarKI meetat kastfourtimes a year totske majorwiKydeuwns. receive finanual rEPOrts and rep(xts un Ihe operatiw oflhe tharity. They may sel up suwmmittees a5 reouired ORGANISATIONAL RESPONSIBILITIES ACTING CHAIR.Jo Ba ect frorrb 7th N¢wember 2018 COMPANY SECRETARY- MrAndrgw Caswell."appoinled 7 De￿rnber2Dl6 responsible lo the Board ol Directors lor 808rd Administrabon-. responsibilities far overall oryanis8tional polioes. procedures and business managen￿rit HERrrAGE CENTRE MANAGER Mrs Rashta Butt.. apwnted ju￿ 1st2013 Responsible forday to day marwefflentof Sl V2rgarefs Centre. RELATIONSHIP WITH OTHER CHARITIES Wework in partnetship wlh Worth Unlitniled in wrsuilof our L*aritraWe otie(iNe5. Page 4 of 20 PURPOSE OF TRUST FOR THE YEAR ENDING 31 DECEMBER 202 .Ma aret's Commun Trust %Yas forrnEd initsall to redevelop. ard lo create a mu -purpose communty ce 11 decided notto ¢pt for a building PTeservalw trnstbut a cornmunitydevdopmenl trustas Ihi5 0(fered Morefle￿b11ty to U58 th• new buildin as a ¢atalystfor regenerabon a¢rtsssthe Ward End area. rimary purpose o%si Marwevs CommunityTwsl Is Iherefore 10 provide ￿re aThJ supwrtto wple Tesidenl in the End area. I￿￿sh and ext¢nd the (Id St Margaret'5 Churth. OBJECTIVES This broad definibon tfcare suptxjrt is broken Ihe MèNmndum ofAsxK¥ath)n as foll￿. Comrnunitycapatyty To adVan￿the ￿ucation ofchrfdm & )￿Ung pew* 8nd their parentsand to providtr a¢￿tieS for Ihem. Premolw of heaHh. in parti¢ulartrArt &X(*Jsivelybythe prwwnofa(Mce and inf￿atir￿. To provide ￿slaTh￿. ar￿ trainw#J to thosetho are ￿neM￿oyed or faong hardship. To provide and assistin the offacthbtsfc¢recreatN)nal olherlesuretime actswti Vvothng residents. Ihe knral aulhthy. ￿Untary and other (xganisa￿onsto advonce e(kncatian and to pro￿de fa￿ltieS in the ￿tere*sOts￿l wellart. BENEFICIARIE The b&neficiariesofSI Margare¥5 CommuntyTwst aTe the resKlents n) Ih?Ward End area.There t5 tKJ Oiscrimination in leyms of age. 5ox, sexual orientaion. race or relvJious perwasion. We keep In dose contaGtwtth pewle through th8athibes ofourcentre Manaw. and throu9h our¢dlaborative wothing with other ty)mmunity organksations and enterprises. Our programmeofacbvitylhrough the year has been a variÈtyolregularl(x*lyfocussed aGtsvity. communtyevents and slening exerrises. S¢me aCri￿ty has been led inlemally and othets in partnershipwith other a9entses. P3Ee 5 of 20 OBJEc￿E$ AND ACYMTIES FOR THE YEAR ENDING 31 DECEMBER 2020 AGhlEvoment8 and performance The primaryfocus or Sl MargaTrts CommunityTnBt i8 to tthM1e aryl supp(xttO Ihe people r￿dEnt in Ward Eryj. To conngd with the dwerse nevJhbauThtsod ofward End weddNer all oWC￿n￿￿￿tyathIIY uTrdgr the banner of Ihg Unty Hubb (Hubb meaning love In Arabr}. Thi% enai*s ￿ to effectivety re*h ihe widercoThwnithllty and tD redu￿ the impacl of 3ny Pèrceived barDers due to be￿ loGaW in a thurtrth buJthng. Thereth the ￿M of ovr athtÉs con11r￿St0 bè l(*ussed on who may not have the contidènce and opportunthe5 ￿ mix ￿To$S tho dwèNty of ourn9lghb￿th￿d. Communlty and Nelghbourhood Our development wotk Is focus￿ on ￿1￿11￿ truslirthg relatiDnshlps and supp(xtirvJ those most in need aCt(sg famhs. culturé and 9eneralion5 eithÉrthTh￿gh direct del￿￿ or thrrAJgh building path&sh*iswith (tt*r organisatK)ns. This year uur work In our eommttnity gr¢A¥n inways we could aswo wlapted of ow lo the environfflgtrt ¢rèa*ed by the ¢oM&19 pandern￿. Unab19 to rent Cput our space to ot9ank%al￿OS d8fivtt adivdie5 tan brfTrJ bengffi to knal reorAe hwgty ￿pa¢￿ed ovratylty to support Dur buildin9 and cort CQSts as ￿1 xtmty in thè bJikling Pa￿ed in March 2020. There were mornents when we opengd up to host tommunlly ￿tr￿ty in small groups in cO￿d safeways. but was only far a 5hart fwmberofw88ks. We dre grataful for acc8ss to Covid support lund rtsources Ihrou9h The Nah1on￿ Lottery that ha5 rowurced US tosurvNa this drffittult lime and th complete loss of earned iFKome in 2020. Throughout the pandemlG our re.itnagined communty offerhas flowi5hed and we have C￿￿e(￿[wih peopl8 in Our ne￿h￿)urt￿od n dootsieps. outthor ￿mMu￿ty spaces and Sn d¥tt* ways. AciMi*s such as ￿rCha1 and ¢hai exervse arKI activty groups alonp with our wotk CIC Ashebo ar￿n￿ Vlom8n CofNersat¥Jn' ¥tMI the devewnent of Mlomen in ProwKJn' have all mioraied online and been well attended. Community Activities This yearwÈ have 5￿JnifiCanfy grcmn ourown offèrto tr* ccrnvnty trb)ugh the tsf￿r Coftywnty DEvelDpnent and ¢entrE Manager and Ihe use ol a spats that to us. al Ward End al￿tments. (her Ih&yearwe have g￿e Irotn une allotment plotto 3 to atcommodale the huge community itrtere51 in this. Our a5Sgt ba5Ed approath i￿5 grown eur cap¥ity to delwer actriity and we havè toniinued to d8lrrf8r On Our more slrat8yi¢ funding Bi[mit￿3M City Coun￿1 to in this nsw way wth dder p8opl8 ane around heallh and wellbein9 forwaTh8n and in¢￿asir￿jIY men. thjr Dew Re¥hirKJ Communiiw funding frutn The National Lottery Communiiy Fund ha5 Iransfonned the commufmty offerwe have with a sig￿r￿ant frtus on yourq pgopje 8ctiVlties around growing acrgss all ages. gen¢ws. culturts ar￿ bel￿ts. This apwoxh continue5 to gwe usways tD I￿le￿ tts our ¢i)mmunity &nd to nearth the ski115 and talents thot peoFIg of all age5 are ￿111￿9 losharè and ha5 dave￿ped aclrvitles we would not have magine(l oUrSe￿es. Wg ar8 trhDre connected to Our tommunty and they are m ium more C￿neCted to exh io U5. We have rnade gwd use d L￿￿1 Authority furwjing through the Nel￿b￿[hOOd Netw¢rk Scheme io try out newways o(engagwo a wid8rv8rW efpeop through new 3Ctivrfies. Widness. Th& trustees are re5ponsiPAe for keewny proper acrtxjnting thatdisth)strwlh reasonable atojracyal 8nytiJne ac¢uraeyat anytime the finanaal posiiion of Ihe cofftpanyand to enatle Ih8m lo ensure thatthe finawal statements ¢omptywith Ihe Companw Act2tM)6. Tl*yare also res&￿$￿1 efor safeguaTdry the 85sets oflhè company and hen¢8for ta￿r¥j reasona￿ sleps forlhe pttrventw)n and dete¢*on offraud and ¢)ther iffegularities. The charivs tru&lets ar& respwsible forlhe prepardtion of tho ac(J)unts. Thp charitys twslees Ix)nsider that an audit is rnl required forthi5 Yea￿ under sethn 144121 of Ihe Charitss Act 2011 (the 2011 AdlarKI that an independentexamin8ts¢n is needed. This reportwds approved bythe board on 181h A￿ust 2021 and has b2en prepared in authanc*%%ith the ¥>2Gial pr￿&s1on$ relatiry to ￿MpanieS subie¢t 10 the small U)nyan￿$ ￿game %￿in Part 15 of the CompaniesAcl 20￿. The trustees a￿ responsible forth8 maintenarKx and intsgrityof the c(wirale and fwHntial Information induded on the charilÈblÈ companls website. Legi$1abon in the United ￿ng1￿M govemiw the Prep*8￿0n and dis5eminalion ofthe finanL¥85 staternents rnaydifferfrom legiststi￿ thrjuridK*on* In preparing this raporl the directots have taken advantsg8 of the small ex￿tion provided by Ihe Companies Act 2006. Approved bythe Board OTh 18th August 2021 and ￿ed on its behatr ty. ArAndreH C8swell SeGFElary Page 10 of 20 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF ST MARGNREfs COMMUNrrY TRUST I report on the acc¢unis ofthe iknritable ctrnpany lorlhe yEatended 31 Decen￿2020. are set￿t on pages 12 to 20. Reswctlve responslbllltles and bas15 of report As the trustees of the Charit8Ne Company land also Itsdirecto￿ forlh8 purposes of uxnpanyl•wl w are resp￿SIble forthe prepardlion ofthe ac¢oun15 in accordance ￿th the requwerf*nts of Ihe Compan￿5 Ad 2￿6 fthe Acri. Ha￿ng satisfied myself Ihal the accounts Qllhe Chariiabl8 Companyare nDI required to bp audited under Part 16 of the 2006 Act and are eliyitde for independent examinabon, I rewrt in respe(a ¢f myexamination of wUrchantab￿ Companls arAX)unlS as carried out ounder seclion 145 of th8 Charities Acl 2011 2011 Adl. In ¢arryiry myex*wrthicffi I hawe folk￿ the fhredijnsgiven bythe Charity CO￿￿￿$$￿)n under sBction 145151 Ibl of Ihe 2011 Act. Independent Examinèrfs stalement I have completed myexam1nati(￿. I confim) that r￿ matter5 ha* wmeto myat1*)1*￿ in u)nr*i4ion *ith the eyamination gmng mp ￿U$? lo believe.. accounting records were noi kept in respect of the CharilaNe Compartyas required byse&ion 366 of the 2006 Ac( Dr the a¢counls do nol atKord *ith those records.. the acGounis do not complywth the accounbng requ1￿MeThts of seGbon 396 of the 20C6 Act Olherthan any requwement Ihallht accounts give *'1￿￿ and fairview. is not a rnatter wrksidered a5 part ofan independenl examination." or the accounts have not been prepatBd in accordan￿ *ith U)& rfthrxls prirKipks of the Sialementof RecomTnended Practi￿ for accounbng and repotting by ¢h8ribes applirable 10 charities prepariD9 th￿a¢X￿￿￿tS in wKdancew#h the Finanual ReFK)rting Slandard applicable in the UK and Republic of Irtbnd IFRS 1021- I hav8 noton￿rn5 and hav8 ceme a(xoss olher rnatteT5 in c¢nne¢bonwilh th?txamination to altention should bo drawn in Ihi5 report in order lo enaWt a proper vnder5tanding of Ihe accounts to be reached. Dale. Hanlan ACA ACIE Karen Hanlan Independenl Ex¥minerLtd 12 Waledoo Close 1sVJtb in blx* inkl Wellesboume CV35 9JG Page 11 of 20 ST MARGAREf5 COMMUNITY TRUST STATEMENTOF FIMANCIMI A¢TivmES fin￿TpOrati￿y an Income and expentliturè accountl FOR THE YEAR ENDED 31 DECEMBER 2020 Unrostrfj¢ted Restricted 2020 2019 Income and Endowments from.. Furbds Funds Total Total Donations and legaGTeS Donaiions 926 926 2,138 Grants Charitablo aetvftles Grants Trading a¢Uvftles Fundraising R(Jom Hire 169,487 169.487 16,100 30 3230 5.052 1.252 22.335 1.460 5.052 PCC CDntribubon Income Investments Bank Interest Total IncDtno £9,SS8 £169.517 £179.075 £43,285 ExpendrfuTe 4)n'. Raislng funds Char51abl& A¢tlvities 6,019 103,526 9.022 122.141 131.163 Total EX￿ndIt￿le È15,522 £122.141 £137,663 É1D9,545 Net incom81 lexpendilurel fory*ar Transfers between lunds Net mQVoment in funds 15,9641 18.679 12.715 47.376 (18.6791 28.697 41,412 166,2601 41.412 166,2601 Balan¢8$ kn￿d 1 January2020 Balances cl￿d 31 Deeember2020 The notes on pages 14 to 18 form part of Ihtsse finanual St21ett￿lts l aGtMlies derive from ￿￿tinUing opwalKlThS. The sta¢eff¢nl Off￿an(la1 attiwtss indudes all 9wns and losses f¥cognised 15.365 28.080 SO8.738 537.435 524.103 565.515 590,363 524,103 Page 12 of 20 n Ihe year. Company Number 06673803 ST MARGAREfs COMMUNITY TRUST BAL￿CE SHEEr FOR TIEE YEAR EPIDED 31 DECEkYBER 2020 2020 2019 F￿ED ASSETS Tang￿e Invtstment 465.747 491.622 CURRENT ASSETS Debiors 4.395 1.460 32.620 Cash at bank ￿ in hand 105.334 CURRENT LIABILMES Amounts due thin [￿e yTaT 9.961 1,599 £565.515 £524,103 TOTAL NET ASSETS FLFNDS OF THE CHARITY Unrtsstrid&l furKIs Restricted furKJ5 28.080 537,435 15.365 508,738 £565,515 £524,103 TOTAL FUNDS The accounling polKies a￿d no￿$ ¢)n pages 14-19 KLYM part oflhese statements. Forthe year ended 31 De¢ernber2020. the comp*wwas entiUÈd to exempbDn ftom set￿￿7 477 of the Companies Act 2006 relating to small ￿MPanIes. Responsibilites of direGtotsnrustees: The membets h¥¥e nol requi￿ Ihe ¢haritatAe companytoobtan * audit of its finantyal statements f¢rthe ￿er in quesb in accordan￿ wlh sec*on 476 of the Companie5PLt2006. h￿ver, in acc(*dan￿ ￿ryth seGbon 14S oflhe charib.eskt 2011 financial slatements have been eXarnW￿l byan iryleperKlent e%arrdnerthJst repcKt apppav& on page 11. The d￿ctor￿Stee5 ackty￿edge Iheir reswnsitrxkntyfor comEI)iro*71h the reqUYeft￿nts oftho Cwpanies Aci%wth resp8ct to accounting retyyds and the preparabon of acwjnts. Approve the TnJstsBs on atKI 51gned 4)n th￿Tt)￿h8￿ by. MrAndrew Caswell Secretary Page 13 of 20 ST MARGAREfs COMMUNifY TRLIST NOTES TO THE HNANCtAL STATEMEpirs FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNnNG POLICIES. Basls of preparation The financial stslÈmenls have been prepartd in acc0rdan£eY￿th Ac¢wnting and RepDrting bycbaribes.. Ststement of Recommended Pta¢litr applicable to chanlies preparing their a￿￿15 In acts)￿ance ¥%ith the Finantsal Rerry)rting Stsndard 8ppli¢8ble in the UK and Republic of Irdand IFR51021 lupdaled 1 January20191- (Chanaes SORP IFRS10211. Ihe Finaoc4al Rawrknng Standard appli¢aN& In th? UK and Republ￿ of Ireland IFRS1021 ano the COrnpan￿S AL# 21XJ6. In preparing these finan￿al statement5 Updale Bulletin 1 tothe cha¢￿e$ SORP IFRS1021 has bem adop￿ arml rA)n5eguenllya Statement ofC¥sh flows has not prepar￿. Sl Margarefs CommuntyTrusl rneets Ihe d&finibon of a public ￿r￿entsfyvnrfer FRS102. A￿ts and Ik8thlibes are intha11y rtwgnised at historiG ￿$tOr transaction value Unles$¢theTh￿Se stated in the relevant a¢countirvJ pdiw note. Status of th* ¢omparby Th& Charitsble company is limitsd by gL'aranlee atKI does not have sh3rp i*wial. The batsltyof rnembets is fimited to £1 per member. Going Con¢•rn statement The fiDan¢ial $18lement5 have been pwared on a going ¢or¢em basis assumes Ihatlhe charity coDbnue tr> operate. The validity of Ihis assumption is d8pendent upon the continuar¢e ¢f support from the charivs key furHJer5 and st¥kehDlders in r8sponse lo the fYogres5 mad8 by charity in pursuiry a viable budget including the obtsirdng of furthergtsnts and donatbons. The ¢hanty's busines5 shows that the charitywll ba able to operate in the foTe￿￿e￿IlUre. Based this uThlerstanding th8 dir6¢tw trustee5 believe Ih8t It remain5 apprwriale 1¢ prepare Ihefinanoal stalemenls on a C¢tKem basis. The fi￿an￿al statements do not indude any adjustments, whith would result from Ihe ba%$ of pr8par¥bcffi be￿g ThpprDtwte_ Income and Endowment5 I Incorne is included in the Slalernento¥ Finan¢IalAdi￿tse5whe￿ the L*ari&ble companyis entiyed lo the incomè and the amount Ca￿ be ouattbfi8d Trh%th rea5￿able actrjwy. The following $petsf￿ Wiues are ap￿led to particular calegonts of income.. Voluntary inccme bywayofgrants. donatsons and gft5 are induded in full In Ihe SlalenEnl of Fmanual Activities receivable. Grants, where enbtyement 15 not cOnd￿on81 on Ihe delNeryof a sp8ufr¢ pertlxrnan￿ by the chatitab (x)mpanyare re¢ognised when il beu)me In￿n￿￿tiOna￿enOved 10 Ihe WL Donated services and faolibes ere included at the vJue to the G4aritaNe ¢(xnpanywherethi$ ￿ be ?u8nbfEd. The V￿￿e of serwces proiryded byvolLmleer5 has not bppn i￿￿je￿ m these aL¥WIts. IrKoming re50urc8s from grants. where ￿lated lo prefcJrrnar￿ and SpeuficdefNerdb￿$. acwJn¢ed ￿aS d￿ritabl8 mpanyearns the rightto ¢onskJeration byits perfotrrwn¢8. rKorne is r8¢8wt in advan￿ of pBrfomance it treated as defeFred Incortr and indudÈd ￿th1Th credi14y Expend(t¢Jre Expenditure 15 recoynised on an accrual bas15 as a bability 15 irKurred. ChariL3ble expendibJre Comprises those costs incutred L)y the charitable wmpanyin Ihe defveryof its a¢D￿tIeS and semces forits benef￿anes. GovemanTr costs Indu¢e knse ciysts associated ￿lIh meeting th8 crfftstitijbonal and $￿DJI0ryreqUIrernenL4 of the ¢haritsble cornpanyand include auditfees 3nd (x)Sts linked lo Ih2 strategic management of the thari¢abk o)mpany. Al costs are alorated between the expenditu￿ calewrie5 oflhB Ststernentof Acti￿treS on a basi% designed 10 reflect the use ofthe tssource. Costs relatir¥J to a particuLar acbvitylxrnprise both costs Ihal ￿ be al￿¢?ted directy lo such acliviles and those costs of an indired nattjre ne￿ssary10 SUFVKt thern. TangTble Fixed Asset5 Depreciation (when applicaNel*iTI ￿ Pr￿￿ded at ihe5uitatAe rates in c￿rIO￿lIe off eath asset over ils eslimaled useful lrftr. The cost of the church refurbishment has betsn caFUised at cost8ThJ is bew ￿liten off over life of lease being 25 yeat514%1 Fund Accounting Gpneral funds are unrestricted funds whth gre available for use allhe di5cretr)n of theTrustees in furtherance of general objertves oflhe chantable cornpany and have rK)t boen deggna￿l for olher pvwses. R8stri¢led funds that are 10 be used forsFth purpDSO5 dovffl bythe donc*. Tr wm and use ofeach ￿$Inded fund 55 set ryJi In Ihe notes lo the finawal st¥ternert5. Page 14 of 20 Taxatio As a charitable company Sl Margarevs CommunityTTusI is exempt Irom lax on in(yJme and gains. Accordingly. Ihe company is ÈxÈmptfroffl taxalK)n in r&sped of income and wital gains r￿￿ed cate￿[￿$ o)vered by Secbons 481 -489 of the Taxes Aet2010 or Section 256 Ta￿tr"On of ChargeatAe Gains A¢t 1992 to the extent that such In￿Me or9ains are applied to excl'asivelycharilable purpose5. ST MARGAREfs COMMUNrrY TRUST NOTES TO THE FIPIANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DE¢EMBER 2020 VAT The ty)mpany ￿ not registered for VAT and therefortr irreo>veraNe VATis induded *ilhin the tdev8nto)sts of fixed assets and ￿thIn the Slalementof FinanLyal ACtsWt￿. Cash and cash oqulvalènts Cash and cash equivalents include Ixsh at bwk and in hand atvj short-kmi dew>sits repa￿b* ￿ orwltt&￿ a Ihr*month notice periDd. Debtors Trade and other debtors are recognised al the setdernentamtrJnl thje afteratyir8d8 diSo)untiffl￿ed. Prepaw)wnts are valued al the amount prepaid netof any trade disctyJnts due. Creditors CrediloTS are recognised where the has ¥ rKesentdAwJation resulting fvom a past event that will probably result in Ihe transferoffunds lo a third partyand affrf)untdue iosewe theoblvJalion (an bfy measured or eslimatsd ￿11abty. Page IS of 20 ST MARGAREfs COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Income from ChadlablR ￿￿1￿1125 2020 2019 Ro¥tri¢tsd grants The Active Wellbein9 Soiety Church Urban fund Birmingham City Cout)¢fl Bitrningham City Council COM￿ Threads propct Near f4eightx)urs ProV￿h0n & COn￿1n￿$ Wornens 4.4tK) 6,600 6.610 EFI, Birrningham City Council Bimin9ham City Council Heart of ETrgl*)d Heart of Engl￿¢ Heart of England Naliofial Lollery Communty Fund National Lottery CDmmunity Fund BE Men Togelher COVKI Fwj Project Preventtan & Conwwnths 4.932 8.541 8.8(Xl 4.0(X) 2.0 27.182 76,B72 WinterWe￿beI￿y Cleaniw u>st5 COV￿ SUPP Togeihwwe Can 169.487 16.100 Expenditur• on Charitable Adi¥i1Ses 2020 2019 restated Restri¢t8d lIn￿StrICted Rtstrlcted Totsl Un￿$tricted Total Direct PTuje¢t ￿$ts st8tt costs 346 43.459 36.379 43.805 36.379 694 8.538 5.467 1.670 97 8,538 32,827 2.672 5,377 27.360 1.LK12 5.280 4.340 57 Cotnmunity Herilage Premises costs M3inlenan¢e and repairs Equipment ainlenan¢8 Contracls 360 646 3.320 3.458 4.124 57 1.803 25,875 11JO 1.547 1.547 25.875 1.322 1.023 401 Church Refi&rbishment Depreciation Promotional ￿$t8 25.875 11M) 25.875 882 440 T8lephone & Fax Website 222 1.023 401 36D Jani10ri81 costs 202 602 27 540 3.463 688 lThsuran 2.339 2.941 300 3,463 688 Sof￿¥re and IT Other resour￿ expended GoveTnance costs 300 3W 131 521 1.085 1.150 2,235 Bookkeeping ty)sts Examiners Fees 2.673 5249 8.022 1.600 10.701 1,920 10,701 1,920 9.022 122.141 131.163 59,847 43.679 103.526 EMPLOYEES 2020 2019 siaifcosts Salary Pension cos15 35.643 736 32.827 36.379 32.827 There were 2 employee5 during the &Ear.12019 Ihere ￿tre 2 ern￿o)ee51 No employee5 had empknyee benefrt5 in &x¢ess of £60.rM)012019". nill. Key m8Dagement personnel of the ¢harityrA)mprtse the Iws*es arwl IhB Cenwe Man3￿r. Payof kay managernenl pBrsr>nnel for theyear am¢uThts lo ￿9,684. No Remuneration was Pa￿ to anyoffv trustees duritvJ tr* yeara￿j rw) ewerffjes reitnbtsrsed Page 16 of 20 ST MARGAREfs COMMUNITY TRUST NOTES TO THE FIN*14CIAL STATEMENTS FOR THE YEAR ENDED Jt DECEMBER 2020 TANG18LE FIXED ASSETS Shortholtl Lèase and Building$ Totsl COST At 1 January2020 6.036 646.036 Additions At 31 DecpThbor2020 646,036 646.036 BUILDING DEPRECIAnON Ai 1 Januwy 2W20 154.414 154.414 Churth Relurbishmenl DeprerAabDn Charge in Year 25,875 25,875 At 31 Oecenthor2D20 180.289 180.289 NET BOOK VALUE Al 31 December 2019 At 31 Dwmber 2020 491.622 465.747 491,6r2 465,747 202C* 2019 DEBTORS.. AMOLFNTS FALLING DUE WTHIN ONE YEAR Prepayments. recharges & accnjed thcoft 4.395 4,395 1.460 CREDffORS.. AhlOUNTS FALUNG DUE WIThIN ONE YEAR Trade credilot5 Otherixedilors and actrua¢s 2020 2019 7.338 2.623 £9,961 749 850 £1,599 BANK ACCOUNTS & CASH IN HANO 2020 2019 CAF 8ank Account 105,187 147 32,488 132 £32.620 Petty Cash £105.334 Page 17 of20 ST f4ARGAREfs COMMUNrrY TRUST NOTES TO THE FtNANCEAL STATEMENTS FOR THE YENR ENOEO 31 DECEMBER 2020 ANALYSIS OF FUMD MOVEMENTS Op•nlng Balanrv Closing Balance 14am8 ol Fund Restrsctpd 01.01.2020 Ye¥r 31.12.2020 BirMi￿haM City Coun(il- Together artol EtulEnd-eleèning 4,932 742 14001 18081 3,790 1.192 1,192 Binnlnobam GItyCountsl- Cowd foo projèct eart ol E￿aNd-￿nIer￿9I￿￿ 8.541 638 638 2.791 1.209 1.209 LOi*ry CoM￿￿r￿ty Fund- ovid supwi 27.182 25.269 1.913 1.913 NabMal Lottery Cotnmunity F￿d- r(4e￿erWe Can projgct Bkrningham City¢ouwl- Unity Hub 76.872 6.610 28.638 IT.OODI 41.234 2.435 41.234 2A35 4.175 8￿MinghaM CilyCthJrol- Ftsverikn & Communibes 26.150 19.7&3 13,7001 2.667 1667 Heartof England- Pbl 15E Comion Thtead$ 8.8(X) 4.430 728 (TT11 7.301 2.405 (72161 7,301 8,465 Garfohl Weston- Heritage 7,216 16.8081 Chwth FU￿.NearN£￿u5 Ne￿hbOu￿0od Fi]tum Church HallCapÈtsl- D@pTètsal Restrictpd 12,9961 B40 46S,747 537,435 28.080 491,622 508.738 15,365 25.875 122.141 15.522 125,8751 28,697 12,715 169.517 9.558 118.6791 18.679 UnrestriGtÈd Total Funds £524,103 £179,V75 £137,663 £0 £41A12 565,515 Opening Balance Closing Balance IDwne Exppndltsjre Tran5hts Moverrberrt Year Rvstri¢ted 01.01.2019 31.12.2019 CommonThreads 9228 10.1)LYJ 11.313 2,784 1.545 13,1681 12.7841 6.060 7216 GÈrf*ld Weston- ImErCty Heritag• Ghurth Uthn Fund- Near NewJhb(#xs communthès & ￿Ven 3.000 3.610 97 12.8901 NtI0h￿Urhu0￿ Ghuich CapiL31- Depre￿1￿*1 R8$trlcted 937 (971 125.8751 128.9241 137.3361 840 517.497 537,662 52.701 25.875 43.679 65.866 491.622 508.738 15,365 16.100 27.185 11.3451 1,345 Unro$trlcted TDtsI Funds 90.363 3,285 £109.545 £0 66,260 524.103 T￿￿￿hat￿ CrtvCounc41- b&Nen Page 18 of20 Togethgr H8art ofEn9land-c￿Thry co Granifcrf Heartol Er￿la￿ FLttI. to h￿p￿ 8irmingham c￿ CoLwI-¢owd knd proigd ST MARGAREf$ COMMUNrrY TRLIST NOTES TO THE FINANCLaL STATEMENTS FOR THE YEAR ENDED 31 OECEM8ER2020 H•artof Englsnd-wnt¢rwdPb8ing Well i￿1￿ ￿peOp￿ defvwBdttYuugTh 1£l(ts)l Ywpeoplewelbeiry pack5 IE30WI National Lott9ry CoM￿nI￿F￿d- COV￿ gupwrt Add￿￿E9ranifrCth the Nabonal LOW Comw*yFund IDSupwtourw￿ othEr￿￿tthe ènd Nabonal Lottery Commuf¥ty Fund- TtrJèth*rWe Can woigctlThC') Binningham Cty co￿¢￿.un￿ Hub netsxxksgrant. txversoW￿.shtte￿ pJh)*D8rt5p￿X. shod and rewur Birrningh8n)City CoW￿- Prevenlknn & Communthes HpariolEngland- Plot 15E Gianlfrom the HeartofEngl* CAXMm￿itY to ￿the¢￿￿￿￿1On Phjt 15¢￿ ￿e Cofflmon ThFEads Garfield Wesion- knn8rCty He￿age Gwttè1aJtytosho￿V￿ry the k•ofStMwg*etsiotheW lrthknJsch￿ visits and rnmnRJntya&xess. Churth UthÈn FU￿.Near￿gYY&ruS wopctbslarl MÈn¥¥tyr¢ N9uhboUtho￿ Forum Church Ha15CapiL31- D&pre(ialK Funds oftre chLrtkn w w>bguWbfund dw)F¥w￿0Vertr* kyeofw tsjhji Tra￿fe[S larg￿Y rdEtstoOvert￿adl managetnenlcts5ts chwged chW tog￿ thaishyjld beBn char9ed thiectylothe restri￿￿ fund. In2019 oTrEENI ¢osis rel*rvJ to Inner&ty Hen*￿￿te￿￿￿￿CtharPd tOgEne[￿ lunds & ha¥ there1￿e b8en Iran51erred t￿$ finanwl year. Trdnsfersfrom TWC £6.tKK)buty k)sirertfrtyn wused byihi5 ￿1￿&￿al￿T￿j￿ (th￿75￿h￿ been rgnied outto generate incotrie PaKe 19 of 20 ST MARGAREfs COMMUNITY TRLIST NOTES TO THE FINMCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 10 ANALYSIS OF NET ASS￿5 BY FUND Uthr8strl¢ted Re5trrcted 2020 Total Fund5 Funds Fixed Assets for Churi4) U$8 491.622 491.622 Curr8ntAssets 38.041 4S.813 83.854 Current Liabilities 19.9611 I9.￿1) Fund Balance 28.080 537,435 565.515 Comparative Stalement of Financial Actbvities for 2019 Unrtstri¢ted Re5trictod Fund5 Funds 2019 Income and Endowmerts from". Donations and1ogÈ¢l•s Oon31i¢ns Totsl 2.1 2.138 Charitable a¢t¥itl*s Grants 16.1rKJ 16.100 Trading activities Fundraising & Donations Room Hiie PCC Conknbulicl) Income Investments Bank lThle*sl Total incorng 62 1.190 700 1.252 22.335 1,460 21.635 1.460 £25.295 £17.990 £43.285 E*pÈnditure on.. Raising funds Charitable Activities Total exptrndtturg 6,019 59.847 £65,866 6.019 103.526 £109,545 43.679 £43.679 Not In¢omel lexpendtturel Transfers bety¥o&n fund5 Net movemert in funds 140.5711 1.345 139.2261 125.6891 11.3451 127.0341 166,2601 166.2601 Balan¢è$ tjfvd l Janvary 2019 Balance5 31 DEcem￿r 2019 52.701 13,475 537.662 510.628 590.363 524.103 12 Cortrolling Interests and relatfjd partytransaciions The Charity 15 Gonlrolkd bylhe tru51ees. Thère were no related party Iransacbons in the rwrrenl ￿p[l￿)￿ar. Page 20 of 20