Charity registration number 1135162 Company registration number 07013525 {England and Wales) EXETER COMMUNITY CENTRE TRUST LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 EXETER COMMUNITY CENTRE TRUST LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms H M Reynolds Mr R Coram Ms G Richards MrA T Hibberd Ms J C Reynolds Charity number 1135162 Company number 07013525 Prln¢lpal addr9S$ 17 St Davids Hill Exeter Devon EX4 3RG Registered office Wessex House Teign Road Newton Abbot Devon TQ124AA Accountants Darnells Chartered Accountants 3rd Floor The Forum Barnfield Road Exeter Devon EX1 1QR EXETER COMMUNITY CENTRE TRUST LTD CONTENTS Page Trustees. report Independent examiner's report Slalemenl of financial activities Balance sheet Notes lo the accounts 8-19 EXETER COMMUNITY CENTRE TRUST LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The trustees present their annual report and financial statements for the year ended 31 March 2022. The accoLJnts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply wth the trust's Memorandum and Articles of Association dated 9 September 2009, the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20161. Oblectlves and actlvltles The trust's objects are lo further or benefit the residents of Exeter and in particular the neighbourhood of St. David's without distinction of gender, sexual orientation, ra￿ or of political, religious or other opinions by associating together with the said residents and the local authorities, voluntary and other organisalions in a common effort lo advance education and lo provide facilities in the interests of social welfare for recreation leisure lime occupation with the objective of improving the conditions of life for the residents. There has been no change in these during the year. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake. The activity of the charity is that of the running and maintenance of the Exeter Community Centre at 17 Sl. Davids Hill, Exeter in furtherance of its objectives as detailed above. The trust's policy is to consult and discuss with employees and al meetings, matters likely to affect employees, interests. Information of matters of concern lo employees is given through information bulletins, meetings and reports which seek lo achieve a common awareness on the part of all employees of the financial and economic factors affecting the centre's performance. EXETER COMMUNITY CENTRE TRUST LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 Achievements and perfomiance In the first half of 2022, the Trust kept neady all the stsff furloughed. The JRS and Covid Recovery grants that we received in 202112022 and the discounted interest on the loan from our key investor, The Social Investment Business, ￿allY kept the organisalion going as groups were either unable or unwilling lo meet together. Our rooms stood empty and wilhoul income. In anlicipalion of bringing all staff back into work by September 2021, our Centre manager kept them in touch with Centre developments and brought them together for essential training, Covid rules permilling, e.g. First Aid al Work. We were particularfy sad that our 3 young apprentices, who had joined us in October 2020 had not actually been in training and work with us for 18 months. We regret. loo, that our Bookings Adminislralor, Dorlets. and her family decided that they would resel their lives after Covid and emigrate lo South America. We wish them well and thank all our staff for their commitment throughout a very difficult time. By April 2021 the Trust had entered into the third and final year of the 'Our Big Project, partnership with National Lottery Herilage Fund and other funders to complete the top floor refurbishment of the Centre and engage the local community in the heritsge of the Centre and Ihe St David's neighbourhood area. The capital development of the top floor was nearly complete, having reached the snagging phase. Despite relatively minor (yet still frustratingl issues with minor leaks, glass standoffs to windows and code locks that didn't work, the Trustees, volunteers, staff and other visitors to top floor were admiring of the achievement and the result. 'Our Big Project, ceased at the end of Dec 2021 and we brought il in on budget. Trustees are particularly grateful for the work of Kelvin Lacy, our Centre Manager who, as always, kept a close eye down the finest detail, of the work and on the budget. Vve were therefore able to stsrt advertising the rooms on the top floor for sessional hire and also entered into a lease arrangement wth Ubunlu Counselling Network for the long term lease of 3 of the lop floor rooms. All existing tenants managed lo wlhstsnd Covid effects and remained with us this year. Over 2021122, following a soft re-opening in Sept 2021, bookings have grown slowly bul steadily. However, we anticipate that il will lake 8t least 2 yèars lo reach pre-covid levels of sessionsl hires. The Community Kitchen was finished in Sept 2021, with appliances fitted. Trustees began lo plan its marketing and use as a training kitchen and for hire perhaps, loo, as a professional pop up kitchen for those who had lost their premises during Covid. We engaged an intern lo provide us wth a market ￿SearCh document and we have begun a marketing plan lo lake forward ils recommendations. Our community garden volunteers, continued valiantly throughout the year, coming on a weekly basis lo keep the Centre garden weeded. planted and looking beautiful, with professional help for the cutting of hedges and pruning of wisteria. The Community Engagement element of Our Big Project went extremely well. We had managed to engage 25 Community Research volunteers who were ¢onlinuing lo research the herrtage of the Centre and the Sl David's Neighbourhood area. This was a terrifi¢ effort as for the most part of 2021122 the volunteers were able lo meet only virtually. They were supported by Heritage expetts. whose worf( was co-ordinated and curated by Freeline Graphics. In May 2021 we wrote a brief for work on Wayfinding and Interpretation of the building and its surroundings. We interviewed 4 companies for this commission and were delighled to award it then to Freeline Graphics, to design signage and heritage interpretats'on panels for the building and an archive of the researched heritage materials. We began our 'AII's Well, Arts Council Thriving Communities project in April 2021 and this ran throughout 20211 22. Through a variety of arts-based well-being aclivilies, we engaged a wide variety of people in the project, many of whom had never before entered the Cenlre. Following on from the research work of Our Big Project and completing the Community Activity Plan, we recruited 10 Trail Guides and Welcome Hosts lo tum the research rllalerial into a script and practice taking visitors on the St David's Trail around the Neighbourhood as well as Veilch Lamppost Trail lo tell the story of the Veilch Planlhunlers in Exeter and the wider worfd. This was most successful, particularfy in Sept 2021 in Heritage week, when over 100 people look part in the Trail. We are trying now that the project has finished lo keep these going and lo create an online 'Armchair Tiail, version for those are not able to walk the Trail for one reason or another. EXETER COMMUNITY CENTRE TRUST LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 Financial review Cashflow The current account bank balance at the end of March 2022 was £49k with the deposit account at £193k and there has been a decrease since the start of the financial year of £29.5k which is due to the property improvement expenditure on the lop floor though significant grant income has been a mitigating factor. BudgetslSOFA Income Please note the sessional hire income is higher than in 2021 due to the centre being open more than in the previous year. Lease income has improved too. The lolal grants of £59.2k in the year is as follows.. National Heritage £33.2k. ECC £12k & CJRS £14k. There was a nel profil of £42.8k in the year though if you exclude grant inwmelexpenditureldeprecialion, PPE costs & salaries (covered by CJRS grants) the operational surplus is £15.5k. Expenditure Salary costs does not include any CJRS income from HMRC though this is shown wthin grant income 1£14k which continues into 2021-221. The SIB interest currenuy much lower than budgeted (current interest level 0.5°fi1 which has been extended lo Mar 2022 by SIB. Grant expenditure is not technically operational so should be monitored against the grant income. Balance sheet The SIB Loan has decreased by £19k due to a capital repayments made (balance £969k al end of Mar 20221 and a reduced Interest charged as indicated above. No property improvements were made during the year. Trade debtors This figure has increased by £1.1 k lo £4.3k when Compared to March 2021 which is due to the increase within customer invoicing due lo centre being open more. Grant IncomelExpenditure (please refer to the (lepartmental report for incomelexpenditure breakdownl The majority of the income and expenditure was on 'The Big Project, and a lolal of £73.2k was received IHLF £33.2k, Power lo Change £35.2k, Viridor £1 Ok, Granlscape £4.8kl in the year. Accounts The effect of Covid-19 on the operational figures has been significant though to counteract the negative impact of Covid-19 the trust has been very pr&active in applying for support grants which il continues to do so and has been very successful lo date i.e. The Community Kitchen Project and All's Well. This will no doubl help them through a very tough 2022-23 though il is extremely difficult lo predict the full effect of Covid-19 with regards to operational income due lo the restriction and the shrft to a more flexible work life balance which would incorporate working from home. Risk management The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place lo miligale exposure to the major risks. The charity plan5 to continue the activities outlined above in the forthcoming years. In particular to remain the centre for the local community where individuals and groups can make the most of the wide variety of spaces and activities offered. EXETER COMMUNITY CENTRE TRUST LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 Structure, governance and management The trust is controlled by Ils governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Iruslees, who are also the directors for the purpose of company law, and who served during the year and up lo the dale of signature of the financial statements were.. Ms H M Reynolds Mr R Coram Ms G Richards MrA T Hibberd Ms J C Reynolds Re¢rultm&nt and appolntment of trustges Under the requirements of the Articles of Association. trustees are elected for a period of three years after which they must be re-elected at the next Annual General Meeting. Trustees annually review the period of service. The board of trustees regularly discusses the recruitment of new trustees for their experien￿, empathy and knowledge of the charity, and to keep the skills and composition of the trustee body as a whole and succession planning under review. All trustees give their time voluntarily and re￿1ve no benefits from the charity. Any expenses redaimed by the trustees from the charity are sel out in note 8 to the financial statements. Oryanisational structur8 The charity is administered by a board of directors who are also Iru$lees. The day lo day running of the charity is overseen by the Centre Manager. who reports to the trustees. During the 12 months lime period the membership of the Trust increased to 147. The trustees mel for business meetings in December, March, May, July and September. As always, the final part of the Trustee Report celebrates the commitment, energy, good humour and generosity of staff, volunteers and members of the community in Sl David's. We are grateful for their continued support and the support of funders and well-wshers and we look forward to working with them in 2022123. As always, l am grateful to the Trustees of thè Centre who have worked so hard through a difficult year lo keep us'on the road,. We continue lo travel hopefully. There has never been a better lime lo add the quote from our neighbourhood website. 'Nolhing in the world can lake the place of persistence. Talent will not", nothing is more common than unsuccessful men with lalenl. Genius will not," unrewarded genius is almost a proverb. Education will not," the world is full of educated derelicts. Persistence and delerminalion alone are omnipotent. The slogan 'press on. has solved. and always will solve, the problems of the human race." Calvln Coolldye. The Iruslees, report was approved by the Board of Trustees. Ms H M Reynolds Trustee Dated". Jan 11, 2023 EXETER COMMUNITY CENTRE TRUST LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EXETER COMMUNITY CENTRE TRUST LTD I report on the financial ststemenls of the trust for the year ended 31 March 2022, which are set out on pages 6 10 19. Respective responsibilities of trustees and examiner The Irusl's Iruslees, who are also the directors of Exeter Community Centre Trust Ltd for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Actl and that an independent examination is needed. The charity's gloss income exceeded £250,000 and l am qualified lo undertake the examination being a qualified member of ICAEW. Having satisfied myself that the charity is not subject lo audit under Company law and is eligible for independent examination, it is my responsibility lo.. examine the financial slalements under section 145 of the 2011 Act,. {iil lo follow the procedures laid down in the general Directions given by the Charity Commission under seth'on 14515llbl of the 2011 Act, and {iiil to state whether particular matters have come to my attention. Basls of Independent examlnerfs ￿port My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the finanaal statements, and seeking explanations from you as trustees conceming any such matters. The prO￿dureS undertaken do not provide all the evidence that would be required in an audit and consequently no opinion Is given as to whether the financial statements present a 'true and fair view, and the report is limited lo those matters sel out in the next statement. Independent examinerfs statement In connection with my examination, no matter has come to my atlenlion.. (al which give5 me reasonable cause lo believe that In any material respect the requirements". to keep accounting records in accordance with section 386 of the Companies Act 2006,. and li1} to prepare financial statements which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practi￿.. Accounting and Reporting by Charities., have not bèen mel or Ibl lo which, in my opinion. allenlion should be drawn in order to enable a proper understsnding of the financial ststemenls to be reached. Darnells Chartered Accounlanls Sean Murphy FCA 3rd Floor The Forum Barnfield Road Exeter Devon EX1 1QR Dated.. 1610112023 EXETER COMMUNITY CENTRE TRUST LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestrlcted Restrlcted funds funds 2022 2022 Total Total 2022 2021 Notes Income and endowments from: Donations and legacies Charitable activities Investments other income 41,599 120,941 33 7,210 99,254 140,853 120,941 33 7,210 604,162 53,553 108 Total Income 169,783 99,254 269,037 657,823 Ex enditure on: Charitable activities 173,087 166,305 339,392 265,956 Net lexpenditurellincome for the yearl Net movement In funds 13,3041 {67,0511 170,3551 391,867 Fund balances at 1 April 2021 177,154 1,234,384 1,411,538 1,019,671 Fund balances at 31 March 2022 173,850 1,167,333 1,341,183 1,411,538 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The slalemenl of financial activities also complies with the requirements for an income and expenditure account under the Comp8nie5 Act 2006. EXETER COMMUNITY CENTRE TRUST LTD BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Notes Fixed assets Tangible assets Current assets Debtors Cash al bank and in hand 10 2,089,137 2,109,268 11 21,291 242,907 35,120 315,307 264,198 350,427 Creditors: amounts falling due within one year 13 162,3241 178,8721 Net current assets 201.874 271,555 Total assets less current Ilabllltles 2,291,011 2,380,823 Creditors- amounts falling due after more than one year 14 1949,8281 1969,2851 Net assets 1,341,183 1,411,538 Incorne funds Restricted funds Unreslricled funds 15 1,167,333 173,850 1,234,384 177,154 1,341,183 1,411,538 The company is entitled lo the exemption from the audit requirement contsined in section 477 of the Companies Act 2006, for the year ended 31 March 2022. The directors a¢knO￿edge their responsibilities for complying with the requirements of the Companies Act 2008 wth respect to accounting records and the preparation of financial slalements. The members have not required the company to obtain an audit of ils financial statements for the year in questlon in accordance with section 476. These financial statements have been prepared in accordan￿ with the provisions applicable to companies subject lo the small ￿mpanIeS regime. The financial slalemenls were approved by the Trustees on . Jan 11, 2023 Ms H M Reynolds Trustee Company Registration No. 07013525 EXETER COMMUNITY CENTRE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Charity information Exeter Community Centre Trust Ltd is a private company limrf(ed by guarantee incorporated in England and Wales. The registered Offi￿ is Wessex House, Teign Road, Newton Abbot, Devon, TQ12 4AA. 1.1 Accounting convention The accounts have been prepared in accordance with the trust's governing document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 las amended for accounting periods commencing from 1 January 20161. The trust Is a Public Benefit Enlily as defined by FRS 102. The tiusl has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo prepare a Slalemenl of Cash Flows. The financial statements are prepared in sterling, which is the fvnctional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £. 1.2 Golng concem The accounts are prepared on a going cOn￿M basis which means that the charty can pay ils debts as they fall due for the next twelve months. The charity is reliant on the continued posf(ive support of ils only lender, Fulurebuilders England who have being extremely supportive of the project. In the last few years Fulurebuilders England have provided temporary restructuring of the loan Interest payable and a capital repayment holiday. The Trustees of the Charity work extremely closely with Fulurebuilders England and have no reason lo question thèir continued support to the project and hence feel il is appropriate to prepare the accounts on a going ¢oncem basis. Due lo the pandemic, to a large exlenl operational income has been replaced by support grants. In addition, the Trust's major lender has provided support in terms of a capital and interest repayment holiday. The staff and trustees are working very hard lo steer the Trust through these very uncertain limes and believe that with the continued support of key stskeholders the Trust will survive and prosper. 1.3 Charltsble funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial 5ts1emenls. Endowment funds a￿ subject lo speafic conditions by donors that the capitsl musl be maintained by the trust. 1.4 Incomlng resoU￿e5 Income is recognised when the trust is legally entitled lo il after any perf0mlan￿ conditions have been met, the amounts can be measured reliably, and il is probable that income wll be re￿ived. Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under GiftAid or deeds of covenant is recognised at the lime of the donation. EXETER COMMUNITY CENTRE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (Continued) All incoming resources are recognised once the charity has enlitlemenl lo the resources, It is certain that the resources will be received and the monetary value of Incoming resources can be measured with sufficient reliabilty. Income from donations and grants, including capitsl grants, is induded in incoming resources when these are recèivable, except as follows". when donors specify that donations and grants given lo the charity musl be used in future accounting periods, the income deferred those periods", and when donors impose conditions which have lo be fulfilled before the charity becomes entitled lo use such income., the income is deferred and not included in incoming resources until the pre-conditions for use have been met. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business and nel of discounts. 1.5 Resources expended Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charity lo the expenditure. All expenditu￿ is accounted for on the 8¢cruals basis and Includes irrecoverable VAT. Expenditure is allocated lo activities on the direct usage b8SIS. Costs incurred wholly or mainly in support of generating funds, or in support on the objects of the charity and being an integral part of the cost of carry out those activities, are included within Charitable Expenditure as appropriate. 1.6 Tangible fixed ass8ts Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, nel of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Land and buildings Plant and machinery 50 years straight line 250h reducing balance The gain or loss arising on the disposal of an asset is determined as the difference ￿2￿een the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impaimient of fixed assets At each reporting end dale, the trust reviews the carrying amounts of ils tangible assets lo determine whether there Is any indication that those assets have suffered impairment Ioss. If any such indication exists, the recoverable amount of the asset is estimated in order to deleimine the extent of the impairment loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments wth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilib'es. EXETER COMMUNITY CENTRE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (Continued) 1.9 Financial instrument5 The trust has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 '01her Financial Instruments Issues, of FRS 102 to all of its financial inslrumenls. Finanryal instruments are re￿gnised in the trust's balan￿ sheet when the trust becomes party lo the ¢onlra¢tual provisions of the instrument. Finanaal assets and liabilities are offset, with the net amounts presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc financlal assets Basic finanaal assets, which include debtors and cash and bank balances, are initially measured at transaction pri￿ including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future re￿iptS discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rale method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised inrtially al transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or cancelled. 1.10 Retirement benefits Payments lo defined eonlribulion retirement benefit sehemes are charged as an expense as they fall due. 10- EXETER COMMUNITY CENTRE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Donations and legacies Unrastricted R&strict8d funds funds Total Unrestricted funds Restricted funds Total 2022 2022 2022 2021 2021 2021 Donations and gifts Grants receivable Grants receivable - CJRS Grants receivable other Other {2,1981 12,1981 99,254 13,795 30,000 11 11 410,497 72,882 119,263 1,509 99,254 410,497 13,795 30,000 72,882 119,263 1,509 41,599 99,254 140,853 192,156 412,006 604,162 Charitable activities 2022 2021 Room hire Lease & service charges 77,703 43,238 26,544 27,009 120,941 53,553 Investments 18 months Unrestricted Unreslricled funds funds 2022 2021 Interest receivable 33 108 Other income Unrestrlcted fund5 Total 2022 2021 Other income 7,210 EXETER COMMUNITY CENTRE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable activities 12 months 12 months 2022 2021 Staff costs Depreciation and impairment Rates and water Security and facilities Insuran Publicity and advertising Telephone Heat and light Cleaning and hygiene Printing, postsge, slalionery and computer Consultancy and subcontractors Repairs and maintenance Subscriptions Motor and travelling Bank charges and loan interest Sundries 148,326 66,295 2,795 3,180 5,495 7,424 850 25,730 12,807 5,827 32,517 18,306 339 218 4,569 1,108 122,242 56,038 1,772 2,679 5,422 803 920 15,403 10,434 2,504 29,872 6,834 273 190 4,511 1,826 335,786 261,723 Share of governance costs Isee note 71 3,606 4,233 339,392 265,956 12- EXETER COMMUNITY CENTRE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable activities (Continued) Analysi5 by fund Unreslricled funds Restricted funds 173,087 166,305 139,920 126,036 339,392 265,956 Support costs Support Governance costs costs 2022 2021 Bas1$ of allo¢atlon Accountancy and bookkeeping 3,606 3,606 4,233 Governance 3,606 3,606 4,233 Analysed between Charitable activities 3,606 3,606 4,233 Goveman¢e costs includes payments lo the independent examiners of £2,460 12021- £2.1001 for independent examiners fees. Trustees None of the trustees lor any persons connected wth them) received any remuneration during the year, and none of them were reimbursed for mileage12020- two were reimbursed for mileage of £61. Employoe$ The average monthly number of employees during the year was.. 2022 Number 2021 Number Centre Manager Support Staff Total 13- EXETER COMMUNITY CENTRE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Employees (Continued) Employment Costs 2022 2021 Wages and salaries Social security costs Other pension costs 132,915 3,370 3,201 115,922 3,214 3,106 139,486 122,242 There were no employees whose annual remuneration was £60,000 or more. 10 Tangible fixed assets Land and buildings Plant and machinery Total Cost At 1 April 2021 Additions 2,457,483 126,573 46,165 2,584,056 46,165 At 31 March 2022 2,457,483 172,738 2,630,221 Depreciation and impairment At 1 April 2021 Depreciation charged in the year 370,630 49,150 104,158 17,146 474,788 66,296 At 31 March 2022 419,780 121,304 541.084 Carrying amount At 31 March 2022 2,037,703 51,434 2,089,137 At 31 March 2021 2,086,853 22,415 2,109,268 11 Debto 2022 2021 Amoun1$ falllng dug wlthln one year.. Trade debtors Prepayments and acuued income 15,175 6,118 28,449 6,671 21,291 35,120 14- EXETER COMMUNITY CENTRE TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 12 Loans and overdrafts 2022 2021 Bank loans 969,219 988,676 Payable within one year Payable after one year 19,391 949,828 19,391 969,285 The long-lerm loans are secured by fixed charges over the propety in which the charity operates from. Bank loans are amounts borrowed from the Social Investment Business (Community Builders Fund) for the refurbishmènt of the Centre. The bank is bèing very supportive and only Charging a minimal Interest rale and has agreed a lower repaymènt of £2,000 per month, which Is significantly less than its original contracted amount. 13 Creditors: amounts falling due within one year 2022 2021 Notes Bank loans Other taxation and social security Trade creditors Other creditors Accruals and deferred income 12 19,391 2,978 13,005 329 26,623 19,391 2.885 33,813 329 22,454 62,324 78,872 14 Creditors- amounts falling due after more than one year 2022 2021 Notes Bank loans 12 949,828 969,285 15- Ltsoo )0 Lnoo co c u) a)00 o)00 ￿)￿0 oooG)G) oooo¢J) o o Lt) V) 0￿0? oooG> ooooG) oolnv) in¢orvinOrfOONOOO ¢X 10 OQlO(O O)00 o O)V)r O