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2020-12-31-accounts

Company Registration Number - 06559331

The Charity Registration Number is :- 1137694

Strand Community Trust Ltd

Report and Accounts

31 December 2020

1

Strand Community Trust Ltd

Report and accounts for the year ended 31 December 2020

Contents

Page
Charity information 2
Trustees' Annual Report 3
Statement of directors' responsibilities 6
Independent Auditors' Report 8
Funds Statements:-
Statement of Financial Activities 9
Statement of Financial Activities - Prior Year statement 10
Statement of total recognised gains and losses 11
Income and Expenditure account 12
Balance sheet 13
Notes to the accounts 14

2

Strand Community Trust Ltd

Company Registration Number - 06559331

Trustees'Annual Report for the year ended 31 December 2020

The Trustees present their Report for the year ended 31 December 2020, which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The charity name.

The legal name of the charity is:- Strand Community Trust Ltd

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1137694

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation. There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

3

Strand Community Trust Ltd

Company Registration Number - 06559331

Trustees'Annual Report for the year ended 31 December 2020

The principal operating addresses of the charity are:-

32 The Strand Dawlish, Devon EX7 9PT

The registered office of the charity for Companies Act purposes is:-

28 High Street Dawlish, Devon EX7 9HP

The Trustees in office at the year end and on the date the report was approved were:-

Mrs J Potter

Mrs M D McDonald Mr D Hingston Mrs A Pemberton - appointed 14 May 2021

Objects of the charity

The Objects of the Strand Community Trust are

4

Strand Community Trust Ltd

Company Registration Number - 06559331

Trustees'Annual Report for the year ended 31 December 2020

Activities of the charity

Like the rest of the country 2020 will be remembered as the year of COVID restrictions.

At the beginning of the year the Centre had developed a programme of fortnightly evening events which included an evening meal which was provided free. The popularity of these events drew an increasing number of people who generously supported the trust. the last one was held on St Patrick’s day. They were not only financially important, but they were also the first step in the trustees 2020 focus on “Building Community.”

Building Community took on a new form when it became clear that the pandemic was growing and would lead to some form of lockdown. The Inspire Cafe invited its customers to identify people who were likely to be in difficulties and when their names were added to the list identified by the Centre volunteers it was clear that about 40 people were expected to be dependent on outside help to survive.

This meant that when the lockdown started it was possible to work through the Centre’s café to provide daily hot two -course locally sourced meals to those who had been identified, and in a typical week over 230 meals were delivered to homes. The deliverers were able to assess whether further help would be appreciated. This led to the Centre volunteers doing people’s shopping, collecting prescriptions and delivering them to their homes, as well as other jobs which the pandemic lockdown prevented them from doing on their own.

The trustees took the decision that this service should be free because the Centre is a community Centre. Donations were invited and people generously offered food and other supplies, which in addition to that provided by government supported grants enabled the cafe to continue this work.

When there was a partial easing of restrictions in the summer it was decided that the spirit of the meals delivery and the emergence of some community life meant that the Inspire Cafe could be opened as a community cafe which provided food and drink without cost. Donations were welcome and significantly those who were on holiday in the area were particularly generous when they realised what the Centre was doing. This continued until the lockdown was again imposed, when the Centre reverted to the previous support given to those who were isolated or shielding.

Because the Centre was unable to offer its normal open house on Christmas Day dinner, those who would have been invited and who were living on their own, had a Christmas Day lunch and Christmas bag of Santa’s presents delivered to their homes - 73 houses in all - with special gifts for those who have families.

Although the trustees have been fully occupied with the implications of the pandemic, they were able to focus on some of the building work, and after Christmas 2019 work began on the new under-floor heating system.

The Treasurer estimates that taking into account the generous furlough scheme which protected the income of our only employee, the Centre lost around £25,000 in income from loss of rental from the organisations which would have normally hired the building and from the considerably reduced income from the Inspire Cafe.

The trustees enter 2021 in a positive mood, beginning to plan their focus for the new year, continuing on the theme of building community having learned a lot from their work during the lockdowns. They are also encouraged to know that the work to the building which will have been done during the pandemic will make it an even better place to meet.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. The trustees consider that a reserve of £1,000 represents an acceptable level in the present circustances.

5

Strand Community Trust Ltd

Company Registration Number - 06559331

Trustees'Annual Report for the year ended 31 December 2020

Statement of the Directors' and Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the accountant preparing the accounts has no responsibilities in relation to the Trustees' report.

6

Strand Community Trust Ltd

Company Registration Number - 06559331

Trustees'Annual Report for the year ended 31 December 2020

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 8 to 26.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 11 October 2021.

Dave Hingers (Oct 11, 2021, 11:44am)

Mr D Hingston Director and Trustee

7

Strand Community Trust Ltd

Independent Examiners Report to the trustees of Strand Community Trust Ltd

I report on the accounts of the company for the year ended 31 December 2020 which are set out on pages 6 to 13

Respective responsibilities of trustees and examiner

The trustees (also Directors) (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees (also directors) consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiners report

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 charitable company limited by guarantee and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees ( also Directors) concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

has not been met: or

Signed:-

David Cook FCCADavid Cook (Oct 11, 2021, 12:00pm) Smarter Accounting Charter Management Accountants 5 Den Road Teignmouth Devon TQ14 8AR

This report was signed on 11 October 2021

8

Strand Community Trust Ltd - for the year ended 31 December 2020

Statement of Financial Activities (including the Income & Expenditure Account for the year ended 31 December 2020, as required by the Companies Act 2006)

Current year
Unrestricted
Funds
2020
£
Income & Endowments from:
Donations & Legacies
A1
53,554
Charitable activities
A2
21,694
Total income
A
75,248
Expenditure on:
Charitable activities
B2
66,468
Total expenditure
B
66,468
Net income/(expenditure) for the year
8,780
Net income after transfers
A-B-C
8,780
8,780
Reconciliation of funds:-
E
Total funds brought forward
(1,415)
Transfer between funds
(10,002)
Total funds carried forward
(2,637)
SORP
Ref
Net movement in funds		 Current year
Unrestricted
Funds
2020
£
53,554
21,694
 Current year
Restricted
Funds
2020
£
1,070
-		 Current year
Total Funds
2020
£
54,624
21,694
76,318
85,639
85,639
(9,321)
(9,321)
(9,321)
15,117
-
5,796		 Prior Year
Total Funds
2019
£
12,720
35,655
75,248 1,070 48,375
66,468 19,171 48,513
66,468 19,171 48,513
8,780 (18,101) (138)
(18,101) (138)
8,780
(1,415)
(10,002)		 (18,101)
16,532
10,002		 (138)
15,255
-
(2,637) 8,433 15,117

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.

All activities derive from continuing operations

The notes attached on pages 13 to 26 form an integral part of these accounts.

9

Strand Community Trust Ltd - for the year ended 31 December 2020

Income from:
Donations & Legacies
A1
Charitable activities
A2
Total income
A
Expenditure on:
Charitable activities
B2
Total expenditure
B
Net Income for the year
Net income after transfers
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net movement in funds
SORP
Ref		 Prior Year
Unrestricted
Funds
2019
£
5,488
35,655

 Prior Year
Restricted
Funds
2019
£
7,232
-		 Prior Year
Total Funds
2019
£
12,720
35,655
48,375
48,513
(138)
(138)
(138)
(138)
15,255
41,143 7,232
48,513 -
(7,370) 7,232
(7,370) 7,232
(7,370) 7,232
(7,370)
5,955		 7,232
9,300
(1,415) 16,532 15,117

All activities derive from continuing operations

10

Strand Community Trust Ltd - for the year ended 31 December 2020

Statement of Total Recognised Gains and Losses for the year ended 31 December 2020

2020
£
Surplus/(deficit) for the year:-
(9,321)
Income from operations before tax in the Statement of Financial Activites
(9,321)
Add/(deduct) non income and expenditure items:-
Grants for the acquisition of fixed assets
-
Net Movement in funds before taxation
(9,321)
Funds generated in the year as shown on Statement of Financial Activities
(9,321)
The notes attached on pages 13 to 26 form an integral part of these accounts.
Net excess of income over expenditure from operations before tax		 2020
£
(9,321)
(9,321)
-
(9,321)
(9,321)		 2019
£
(138)
(138)
-
(138)
(138)

11

Strand Community Trust Ltd - for the year ended 31 December 2020

Strand Community Trust Ltd Income & Expenditure Account for the year ended 31 December 2020 as required by the Companies Act 2006

Income
Income from operations
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Total expenditure in the year
Corporation tax
Retained surplus for the financial year
Net income after tax in the financial year
Net income before tax in the financial year
Grant income		 2020
£
54,624
21,694
76,318
76,318
81,068
4,571
85,639
(9,321)
-
(9,321)
(9,321)		 2019
£
48,375
-
48,375
48,375
43,942
4,571
48,513
(138)
-
(138)
(138)

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 13 to 26 form an integral part of these accounts.

12

Strand Community Trust Ltd - Balance Sheet as at 31 December 2020

SORP
Note Ref 2020 2019
£ £
Fixed assets A
Tangible assets A2 9,141 13,711
Current assets B
Cash at bank and in hand B4 22,544 22,311
Total current assets 22,544 22,311
Creditors: amounts falling due within
one year C1 (6,889) (20,905)
Net current assets/(Liabilities) 15,655 1,406
Net Assets 24,796 15,117
Creditors: amounts falling due after more
than one year C2 (19,000) -
Net Assets
5,796 15,118
The total net assets of the charity are funded by the funds of the charity, as follows:-
Restricted funds
Restricted Revenue Funds D5 8,433 16,532
Unrestricted Funds
Unrestricted Revenue Funds D5 (2,637) (1,414)
Total charity funds 5,796 15,118

13

Strand Community Trust Ltd - Balance Sheet as at 31 December 2020

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Dave Hingers (Oct 11, 2021, 11:44am)

Mr D Hingston

Trustee Approved by the board of trustees on 11 October 2021

The notes attached on pages 13 to 26 form an integral part of these accounts.

14

Strand Community Trust Ltd

Notes to the Accounts for the year ended 31 December 2020

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from nonexchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

15

Strand Community Trust Ltd

Notes to the Accounts for the year ended 31 December 2020 Income from legacies

Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.

Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.

Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy are disclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.

If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities

Donated goods, facilities and services

Donated fixed assets are recognised at the current fair value. All such donations are recognised as donation income, and debited to fixed assets.

Donated goods that are not fixed assets are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items.

In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales.

If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.

The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost of donations made.

The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. All donated goods are recognised as donation income, and debited to trading stock.When trading stock is subsequently sold, or appropriated to meet an expense, then the carrying value of the stock is recognised as an expense. In accordance with the SORP, goods donated for distribution to beneficiaries, or for consumption by the charity are included in 'legacies and donations '. Goods donated for resale are included in 'Income from other trading activities'

The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt. If the goods held are to be distributed freely or for a nominal consideration, then the carrying amount is subsequently adjusted to reflect the lower of deemed cost adjusted for any loss of service potential and replacement cost. Replacement cost is the economic cost incurred if the charity was to replace the service potential of the donated goods at its own expense in the most economic manner.

16

Strand Community Trust Ltd

Notes to the Accounts for the year ended 31 December 2020

Donated services and facilities (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity.

All donated services and facilities are recognised as donation income when received,(provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Plant & Machinery

15 % straight line

Accounting for capital grants and fixed asset funds.

Gifts of tangible fixed assets or grants of a capital nature, given for the purposes of acquiring specific assets to be fully utilised in the furtherance of the objects of the charity, are credited to fixed asset funds after the donated asset has been received or sums have been properly expended on the restricted purpose.

17

Strand Community Trust Ltd

Notes to the Accounts for the year ended 31 December 2020

Where the terms of the gift are met once the asset is acquired, so allowing the charity to use the asset on an unrestricted basis, including the right to receive the proceeds of any future sale of the asset on an unrestricted basis, then the fixed asset fund so created is categorised as a designated fixed asset fund.

When assets are acquired for the furtherance of the charity's objects, utilising the charity's own unrestricted funds, a transfer is made from unrestricted funds to a designated fixed asset fund.

Whether acquired with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at the full cost of acquisition or subsequent revaluation.

As the related assets are depreciated, in accordance with the depreciation policy,in order to reflect the dimunition in the asset,a transfer is made from the relevant fixed asset funds to either unrestricted or restricted revenue funds, as appropriate to the terms of the original gift, if any.

The effect of this policy is that the aggregate of all fixed asset funds shall equate to the net book value of fixed assets. In the first year that this policy was adopted, a transfer to fixed asset funds was made equivalent to the net book value of the assets.

Any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent liability unless the event that would trigger repayment of the grant becomes probable in which case a liability for repayment is recognised.

Insofar as this policy relates to Government grants and to the extent that it may be a departure from the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), such departure is justified on the basis that it is in order to comply with the SORP.

Stocks and work in progress

Stock is valued at the lower of cost and net realisable value.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Leasing and hire purchase contracts and commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the charity, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions - defined contribution schemes

The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

18

Strand Community Trust Ltd

Notes to the Accounts for the year ended 31 December 2020

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.

19

Strand Community Trust Ltd

Notes to the Accounts for the year ended 31 December 2020

Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

Net surplus before tax in the financial year

Net surplus before tax in the financial year
2020 2019
£ £
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets 4,571 4,571
Pension costs 741 964

The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated.

Staff costs and emoluments

Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's contribution to defined benefit pension schemes
Total salaries, wages and related costs		 2020
£
15,136
741		 2019
£
8,695
964
15,877 9,659

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

Defined contribution pension schemes

Any liabilites and assets associated with the scheme are shown under debtors and creditors.

Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

20

Strand Community Trust Ltd

Notes to the Accounts for the year ended 31 December 2020 2 Tangible fixed assets

Land and
Buildings
£
Cost
At 1 January 2020
-
At 31 December 2020
-
Depreciation
At 1 January 2020
-
Charge for the year
-
At 31 December 2020
-
Net book value
At 31 December 2020
-
At 1 January 2020
-
3 Creditors: amounts falling due within one year
PAYE, NIC VAT and other taxes
Other creditors		 Land and
Buildings
£
-		 Plant &
Machinery
£
33,608		 Motor
Vehicles
£
-		 Total
Total
£
£
33,608
33,608
- 33,608 - 33,608
33,608
-
-		 19,896
4,571		 -
-		 19,896
19,896
4,571
4,571
- 24,467 - 24,467
24,467
- 9,141 - 9,141
9,141
- 13,712 - 13,712
13,712
2019
£
1,905
19,000
20,905
2020
£
(111)
7,000
6,889

21

Strand Community Trust Ltd

Notes to the Accounts for the year ended 31 December 2020

4 Particulars of how particular funds are represented by assets and liabilities

At 31 December 2020
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities		 Unrestricted
funds
£
2020
9,141
14,111
(6,889)
(19,000)		 Designated
funds
£
2020
-
-
-		 Restricted
funds
£
2020
-
8,433
-
-		 Total
Total
Funds
Funds
£
£
2020
2019
9,141
18,283
22,544
17,657
(6,889)
(20,686)
(19,000)
(2,637) - 8,433 5,796
15,254

5 Particulars of how particular funds are represented by income and expenditure

Unrestricted funds
Unrestricted fund		 At 1 January
2020
£
(1,415)		 Income
£
75,248		 Expenditure
£
(66,468)		 Transfers
At 31
December
2020
£
(10,002) (2,637)

Unrestricted and designated funds:-

Unrestricted Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

6 Restricted funds

Underfloor heating fund
Needy Fund
National Lottery Fund		 At 1 January
2020
15,099
1,433		 Income
1,070		 Expenditure
(19,171)		 Transfers
At 31
December
2020
10,0027,000
1,433
16,532 1,070 (19,171) 10,002
8,433

Restricted Funds

Underfloor heating fund

The underfloor heating fund grant was received for the repair and replacement of underfloor heating. The total cost of this project was estimated at £19,500 and the work undertaken commenced towards the end of 2019 and was completed in 2020.. Expenditure amounting to £19,171 was incurred in 2020

Needy Fund

The needy fund grant set up to help needy individuals within the local area.

22

Strand Community Trust Ltd

Notes to the Accounts for the year ended 31 December 2020

7 Ultimate controlling party

The charity is under the control of its legal members.

Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

23

Strand Community Trust Ltd

Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

4
Donations and Legacies
Current year
Unrestricted
Funds
2020
£
Donations and gifts from individuals
31,878
Donation received from an unknown source
-
31,878
Grant income
1,000
Dawlish Town Council
1,500
Devon County Council
5,050
H M Revenue & Customs
7,516
National Lottery Fund
6,610
21,676
Total Donations and Legacies
A1
53,554
5 Income from charitable activities - Trading Activities
Current year
Unrestricted
Funds
2020
£
Primary purpose and ancillary trading
3,016
14,770
3,908
21,694
Inspire café
Other events income
Total Primary purpose and ancillary trading
Letting of property for charitable purposes
Small donations individually less than £1000
Small grants individually less than £1000
Total donations and gifts from individuals
Total grant income		 Current year
Unrestricted
Funds
2020
£
31,878
-		 Current year
Restricted
Funds
2020
£
1,070
1,070
-
-
-
-
-
-
1,070
Current year
Restricted
Funds
2020
£
-
-
-
-		 Current year
Total Funds
2020
£
32,948
-
32,948
1,000
1,500
5,050
7,516
6,610
21,676
54,624
Current year
Total Funds
2020
£
3,016
14,770
3,908
21,694		 Prior Year
Total Funds
2019
£
8,720
4,000
31,878 12,720
1,000
1,500
5,050
7,516
6,610		 -
-
-
-
-
21,676 -
53,554 12,720
Prior Year
Total Funds
2019
£
20,449
4,725
10,481
21,694 35,655

24

Strand Community Trust Ltd

Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

6 Total Income from charitable activities

Current year
Unrestricted
Funds
£
2020
Total income from charitable trading
21,694
Total from charitable activities
A2
21,694		 Current year
Unrestricted
Funds
£
2020
21,694		 Current year
Restricted
Funds
£
2020
-
-		 Current year
Total Funds
£
2020
21,694
21,694		 Prior Year
Total Funds
£
2019
35,655
35,655

7 Expenditure on charitable activities - Charitable trading

Current year
Unrestricted
Funds
2020
£
15,136
741
18,190
1,693
131
Total charitable trading costs
B2b
35,891
Travelling expenses
Defined benefit pension costs - charitable
trading activities
Staff training
Café Costs
Gross wages and salaries - charitable trading
activities		 Current year
Unrestricted
Funds
2020
£
15,136
741
18,190
1,693
131
 Current year
Restricted
Funds
2020
£
-
-
-
-
-
-		 Current year
Prior Year
Total Funds
Total Funds
2020
2019
£
£
15,136
8,695
741
964
18,190
-
1,693
556
131
2,974
35,891
13,189

8 Support costs for charitable activities

Support costs for charitable activities
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2020 2020 2020 2019
£ £ £ £
Premises Expenses
Rates and water charges 838 - 838 822
Light heat and power 7,759 - 7,759 9,445
Cleaning and waste management 1,901 - 1,901 2,100
Premises repairs, renewals and maintenance 2,409 19,171 21,580 8,986
Property insurance 1,715 - 1,715 1,377
Administrative overheads
Telephone, fax and internet 718 - 718 904
Advertising and marketing - - - 97
Printing, postage and stationery 500 - 500 997
Hire of equipment 557 - 557 792
Reporting accountant costs 1,862 - 1,862 1,620
Sundry expenses 7,747 - 7,747 5,756

25

Strand Community Trust Ltd

Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

Financial costs
4,571
-
4,571
Support costs before reallocation
30,577
19,171
49,748
Total support costs
30,577
19,171
49,748
The basis of allocation of costs between activities is described under accounting policies
9 Total Charitable expenditure
Current year
Current year
Current year
Unrestricted
Funds
Restricted
Funds
Total Funds
2020
2020
2020
£
£
£
Total charitable trading costs
B2b
35,891
-
35,891
Total support costs
B2d
30,577
19,171
49,748
Total Governance costs
B2e
-
-
-
Total charitable expenditure
B2
66,468
19,171
85,639
Depreciation & Amortisation in total for the		 Financial costs
4,571
-
4,571
Support costs before reallocation
30,577
19,171
49,748
Total support costs
30,577
19,171
49,748
The basis of allocation of costs between activities is described under accounting policies
9 Total Charitable expenditure
Current year
Current year
Current year
Unrestricted
Funds
Restricted
Funds
Total Funds
2020
2020
2020
£
£
£
Total charitable trading costs
B2b
35,891
-
35,891
Total support costs
B2d
30,577
19,171
49,748
Total Governance costs
B2e
-
-
-
Total charitable expenditure
B2
66,468
19,171
85,639
Depreciation & Amortisation in total for the		 Financial costs
4,571
-
4,571
Support costs before reallocation
30,577
19,171
49,748
Total support costs
30,577
19,171
49,748
The basis of allocation of costs between activities is described under accounting policies
9 Total Charitable expenditure
Current year
Current year
Current year
Unrestricted
Funds
Restricted
Funds
Total Funds
2020
2020
2020
£
£
£
Total charitable trading costs
B2b
35,891
-
35,891
Total support costs
B2d
30,577
19,171
49,748
Total Governance costs
B2e
-
-
-
Total charitable expenditure
B2
66,468
19,171
85,639
Depreciation & Amortisation in total for the		 4,571 4,571
37,467
37,467
Prior Year
Total Funds
2019
£
11,046
37,467
-
66,468 19,171
85,639		 48,513

26

Issuer Smarter Accounting Document generated Mon, 11th Oct 2021 11:02:31 BST Document fingerprint 99ca941663dcd39d2a82be606ae5226f

Parties involved with this document

Document processed Party + Fingerprint Mon, 11th Oct 2021 11:44:08 BST Dave Hingers - Signer (a983aa7e5bfbd61d3c6c74c21251c4f4) Mon, 11th Oct 2021 12:00:11 BST David Cook - Signer (f761e1a249da1b8eeece8cd43cdd1801)

Audit history log

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