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2020-12-31-accounts

Page
Report ofthe Trustees 1 to 7
Report ofthe Independent Auditors 8 to 11
Statement ofFinancial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14 to 24

31.12.20 31,12.19
Unrestricted Restricted Total Total
fund funds funds funds
Notes E f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2,301
Charitable
activities		 3
Operation
ofcentre facilities		 171,799 171,799 235,748
Total 171,799 171,799 238,049
EXPENDITURE ON
Charitable
activities
Operation ofcentre facilities 171,291 58,845 230,136 304,787
NET INCOME/(EXPENDITURE) 508 (58,845) (58,337) (66,738)
RECONCILIATION
OF FUNDS
Total funds brought
forward		 3,731 2,165,210 2,168,941 2,235,679
TOTAL FUNDS CARRIED FORWARD 4,239 2,106,365 ~21I 0,604 2,168,941
~HAAAHHE HHE
31 DECEMBER 2020
31.12.20 31.12,19
)3iotes E 8
FIXEDASSETS
Tangible assets 2,113,118 2,178,284
CURRENT ASSETS
Debtors 22,382 9,210
Cash at bank and in hand 38,880 ~87 568
61,262 96,778
CREDITORS
Amounts
falling due within one year		 13 (63,776) (106,121)
NET CURRENT ASSETS ~2514 ~6343
TOTAL ASSETSLESSCURRENT LIABILITiES 2,110,604 2,168,941
)4IETASSETS ~2110604 ~2168941
FUNDS 15
Unrestricted
funds		 4,239 3,731
Restricted funds 2106365 2165210
TOTAL FUNDS ~2,110604 ~2168941

2. DONATIONS AND LEGACIES AND LEGACIES AND LEGACIES
31.12.20 31.12.19
6 f
Donations 2,301
2301
INCOME FROM CHARITABLE ACTIVITIES
31,12.20 31.12.19
Activity 6 f
Centre activities &related
income Operation ofcentre facilities 64,085 147,261
Management fees Operation ofcentre faci1ities 96,380 88,487
Grants Operation ofcentre facilities 11,334
171,799 235,748
Grants received, included in the above, are as follows:
31.12.20 31.12.19
6 f
Covid rates support grants ~11 334

4, CHARITABLE CHARITABLE CHARITABLE ACTIVITIES COSTS ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 5) note 6) Totals
6 6 8
Operation of centre facilities 133,596 96,540 230,136
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
31,12.20 31,12.19
8 f
Staff costs 63,446 93,183
Other staff costs 415 532
Bad debts 4,569 1,500
Depreciation 65,166 70,143
133,596 ~165 358
6. SUPPORT COSTS
Governance
Management costs Totals
6 8
Operation of centre facilities 88,712 7,828 96,540
Support costs, included in the above, are as follows:
Management
31.12.20 31.12.19
Operation
ofcentre Total
facilities activities
6
PropertY costs 40,482 80,724
Insurance 8,031 7,700
Administrative costs 13,818 20,550
Management fee 20,000 20,000
Postage and statloneD' 35 331
Advertising 260
Sundries 2,707 828
Legal and professionalfees 845 35
Irrecoverable VAT 2,534 3,761
88,712 133,929

31.12.20 31.12.19
f f
Auditors' remuneration 7,828 5,500
Depreciation - owned assets 65,166 70,142

STAFF COSTS
31,12.20 31.12.19
f
Wages and salaries 57,413 85,764
Social security costs 3,008 3,767
Other pension costs 3,025 3,652
63,446 93,183
The average
monthly		 number ofemployees during the year was as follows:
31.12.20 31.12.19
Operation ofcentre facilities 10 16

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL COMPARATIVES FOR THE STATEMENT OF FINANCIAL COMPARATIVES FOR THE STATEMENT OF FINANCIAL COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fundf funds
f		 funds
E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2,301 2,301
Charitable
activities
Operation
ofcentre facilities		 235,748 235,748
Total 238,049 238,049
EXPENDITURE ON
Charitable
activities
Operation ofcentre factlitiss 245,941 58,846 304,787
NET INCOME/(EXPENDITURE) (7,892) (58,846) (66,738)
RECONCILIATION
OF FUNDS
Total funds brought forward 11,623 2,224,056 2,235,679
TOTAL FUNDS CARRIED FORWARD 3,731 2,165,210 2,168,941
11. TANGIBLE FIXEDASSETS
Fixtures
Freehold P/ant and and
property
f		 machinery
8		 fittings
f		 Totals
COST
At 1 January 2020 and 31 December 2020 ~2,942 261 225,697 401,868 3,569,826
DEPRECIATION
At 1 January 2020 777,051 214,206 400,285 1,391,542
Charge for year 58,845 5,326 995 65,166
At 31 December 2020 835,896 219,532 401,280 1,456,708
NET BOOK VALUE
At 31 December 2020 2,106,365 6,165 588 2,113,118
At 31 December 2019 2,165,210 11,491 1,583 2,178,284

12, DEBTORS:AMOUNTS DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR FALLING DUE WITHIN ONE YEAR FALLING DUE WITHIN ONE YEAR
31,12,20 31.12.19
f f
Trade debtors 8,203 9,210
Prepayments
and accrued income		 14,179
22,382 9,210
13. CREDITORS: AMOUNTS
FALLING DUE		 WITHIN ONE YEAR
31.12.20 31.12.19
f
Trade creditors 9,291 2,666
Amounts
owed to group		 undertakings 14,008 64,494
Social security and other taxes 18,023 13,947
Other creditors 549 549
Deferred income 9,525 8,432
Accrued expenses ~12380 16,033
63,776 ~106 121
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.12,20 31,12,19
Unrestricted Restricted Total Total
fund
F		 fundsf funds
f		 funds
f
Fixed assets 6,753 2,106,365 2,113,118 2,178,284
Current assets
Current
liabilities		 61,262
~63,776)		 61,262
~63,776)		 96,778
~106121)
~4239 2,106,365 ~2,110604 ~2168,941
15. MOVEMENT
IN FUNDS
Net
movement At
At 1.1.20 in funds 31.12.20
f f
Unrestricted
funds
General fund 3,731 508 4,239
Restricted funds
Severn Centre Building Fund 2,165,210 (58,845) 2,106,365

Incoming Resources Movement
resources expended in funds
6 6 E
Unrestricted funds
General
fund		 171,799 (171,291) 508
Restricted funds
Severn Centre Building Fund $58,845) ~58,845)
58845 58,845
TOTAL FUNDS 171,799 ~230,136) ~58,337)
Comparatives for movement in funds
Net
movement At
At 1.1.19 in funds 31.12.19
f f f
Unrestricted funds
General fund 11,623 (7,892) 3,731
Restricted funds
Sevem Centre Building Fund 2,224,056 (58,846) 2,165,210
TOTAL FUNDS
Comparative
net movement		 in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
f f
Unrestricted funds
General fund 238,049 (245,941) (7,892)
Restricted funds
Severn Centre Building Fund (58,846) (58,846)
TOTAL FUNDS 238,049 (304,787) ~66,738)