2022-03-31-accounts - The Park Community Centre Limited

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				Page
Reference and administrative		details ofthe Company,	its Trustees and advisers
Trustees' report				2-9
Independent auditors'	report	on the financial statements		10-13
Statement offinancial	activities			14
Balance sheet				15-16
Statement ofcash flows				17
Notes to the financial	statements			18-38

REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS
			FOR THE YEAR ENDED 31 MARCH 2022
Trustees			David Freed, Chair ofTrustees				(Appointed	17/12/10)
			David Powell (Appointed		17/12/10, resigned			8/11/22)
			lain Neary (Appointed	12/01/1 2)
			Mike Alden (Appointed		25/04/12, resigned			28/11/2022)
			Matthew Moore (Appointed			25/04/12)
			Jonathon Baker (Appointed			17/07/14)
			Gill Carter (Appointed	28/04/1 5)
			Clive Harry (Appointed		28/04/1		5)
			Marie Wright (Appointed		01/09/1 6)
			Neil Way (Appointed	04/04/17)
			Philip Briggs (Appointed		05/10/20)
			Avril Baker (Appointed		16/11/22)
Company	registered
number			07472743
Charity registered
number			1140834
Registered		office	The Park
			Daventry Road
			Knowle
			Bristol
			BS41DQ
Independent		auditors	Randall 8 Payne LLP
			Chargrove House
			Shurdington Road
			Shurdington
			Cheltenham
			Gloucestershire
			GL51 4GA
Bankers			National Westminster	Bank
			290Wells Road
			Knowle
			Bristol
			BS42QA
Solicitors			Osborne Clarke
			2 Temple Back East
			Temple Quay
			Bristol
			BS16EG

				Restricted	Unrestricted	Total		Total
				funds	funds	funds		funds
				2022	2022	2022		202'I
			Note	E
income from:
Donations and	legacies			864,494	10,028	874,522	2,133,627
Charitable activities					5,502,764	5,502,764	801,247
Investments					17	17		13
Other income								91,442
Total income				864,494	5,512,809	6,377,303	3,026,329
Expenditure on:
Raising funds								3,255
Charitable activities				6,915	1,135,543	1,142,458		788,707
Total expenditure				6,915	1,135,543	1,142,458		79'/,962
Net income				857,579	4,377,266	5,234,845	2,234,367
Transfers between		funds	18	(986,823)	986,823
Net movement	in	funds		(129,244)	5,364,089	5,234,845	2,234,367
Reconciliation	of	funds:
Total funds brought		forward		141,817	2,572,170	2,713,987		479,618
Net movement	in funds			(129,244)	5,364,089	5,234,845	2,234,367
Total funds carried forward				12,573	7,936,259	7,948,832	2,7/3, 985

					2022		2021
			Note
Fixed assets
Tangible assets					8,894,728		2,047,776
					8,894,728		2,047,776
Current assets
Debtors			14	157„615		556,900
Cash at bank and in hand				349,761		4,554,996
				507,376		5,111,896
Creditors: amounts	falling due within one
year			15	(453,272)		(4, 'I45, 685)
Net. current assets					54,104		966,211
Total assets less current liabilities					8,948,832		3,013,987
Creditors: amounts	falling due after more
than one year			16		(1,000,000)		(300,000)
Net assets excluding		pension asset			7,948„832		2,713,987
Total net assets					7„948,832		2,713,987
Charity funds
Restricted funds			18		12,573		141,817
Unrestricted funds			18		7,936,259		2,572,170
Total funds					7,948,832		2,713,987

				2022	2021
				R
Cash flows from operating activities
Net cash used in operating activities				5,519,038	1,584,158
Cash flows from investing activities
Proceeds from the sale of business and	asset transfer			9,665
Proceeds from the sale oftangible fixed	assets				238,643
Purchase oftangible fixed assets				(7,023,840)	(1,640,'/76)
Investment income				17	13
Increase / (decrease) in capital creditors	and deferred		income	(3,410,115)	3,897,747
Net cash (used in)/provided by investing		activities		(10,424,273)	2,496,227
Cash flows from financing activities
Cash inflows from new borrowing				700,000	315,000
Net cash provided by financing activities				700,000	315,000
Change in cash and cash equivalents	in the year			(4,205,235)	4„395,385
Cash and cash equivalents at the beginning		ofthe year		4,554,996	159,611
Cash and cash equivalents at the end	of	the year		349,761	4,554,996

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2022	2022f	2022 E	2021
Donations	862,988	468	863,456	1,992,636
Grants	1,506	9,560	11,066	140,991
	864,494	10,028	874,522	2,133,627
Total 2021	2,000,345	133,282	2,133,627

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021
	K	K
Income from gym	15,221	15,221	7,618
Miscellaneous	51,664	51,664	5,108
Education	495,485	495,485	360,598
General rent	401,059	401,059	412,222
Casual income	40,567	40,567	'/5, 701
Cafe income	48,767	48,767
Lease surrender	4,450,001	4,450,001
	5,502,764	5,502,764	801,247
Tofa!2021	801,247	801,247

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021
Disposal proceeds			91,442
Total 2021	91,442	91,442

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
		F
Fundraising	costs			3,255
Total 2021		3,255	3,255

	Restricted	Unrestricted
	funds	funds	Total	Total
	2022	2022	2022	2021
			f.
The Park	6,251	809,835	816,086	492,864
Education	664	304,306	304,970	261,753
Gym		21,401	21,401	22,226
Development			1	11,864
	6,915	1,135,543	1,142,458	788,707
Tl2021		788,707	788,707

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2022f	2022	2022 f.	2021
The Park	297,942	518,144	816,086	492,864
Education	303,475	1,495	304,970	261,753
Gym	21,402		21,402	22,226
Development				11,864
	622,819	519,639	1,142,458	788,707
Ttl2021	510,683	278,024	788,707

						Developme	Total	Total
			The Park 2022	Education 2022	Gym 2022	nt 2022	funds 2022	funds 2021
Staff costs			242,106	264,280	15,366		521,752	426,343
Events			3,807				3,807	1,279
Educational resources				32,206	25		32231	21,666
Recruitment training		and	350	2,451			2,801	563
Equipment		costs	4,562	4,539	6,011		15,112	6,295
Marketing advertising	and		2,735				2,735	144
Irrecoverable VAT			44,382				44,382	54,393
			297,942	303,476	21,402		622,820	5'/0, 683
Total 2021			228,817	247,779	22,222	11,864	510,683

					Total	Total
			The Park	Education	funds	funds
			2022	2022	2022	2021
					E
Staff costs			700	297	997	145
Bar and cafe expenses			30,632	358	30,990	12,569
Premises costs			236,277	45	236,322	161,810
Misc costs			574	10	584	278
General office			26,768	784	27,552	12,476
Communications	and IT		19,106		19,106	22,263
Finance costs			10,469		10,469	1,168
Membership subscriptions			2,540		2,540	'/,453
Professional fees			23,856		23,856	24,824
Depreciation			21,002		21,002	41,038
Loss on disposal fixed assets	oftangible		146,220		146,220
			518,144	1,494	519,638	278,024
Total 2021			264,023	'/3,997	278,024
Auditors' remuneration
					2022	2021
Fees payable to the Company's annual accounts		auditor	for the audit ofthe Company's		6,300	5,564
Fees payable to	the Company's	auditor	in respect of:
Other services						158

Staff costs
				2022	2021
Wages and	salaries			480,808	393,264
Social security costs				28,740	20,039
Contribution	to defined	contribution	pension schemes	12,204	13,040
				521,752	426,343

	Long-term
	leasehold	Plant and	Other fixed
	property	machinery	assets	Total
Cost or valuation
At 1 April 2021	345,640	127,821	1,875,560	2,349,021
Additions		26,501	6,997,339	7,023,840
Disposals	(345,640)			(345,640)
At 31 March 2022		154,322	8,872,899	9,027,221

Tangible fixed assets (continued	)
	Long-term
	leasehold	Plant and	Other fixed
	property	machinery	assets	Total
		F	E
Depreciation
At 1 April 2021	189,755	111,490		301,245
Charge for the year		6„827	14,175	21,002
On disposals	(189,755)			(189,755)
At 31 March 2022		118,317	14,175	132,492
Net book value
At 31 March 2022		36,005	8,858,724	8,894,729
At 31March 2021	155,885	16,331	1,875,560	2,047, 776

Debtors
			2022	2021
Due within one year
Trade debtors			86,194	296,759
Other debtors			26	132,800
Prepayments	and accrued income		36,206	2,372
Tax recoverable			35,189	124,969
			157,615	556,900
Creditors: Amounts		falling due within one year
			2022	2021
			F
Other loans			155,000	155,000
Trade creditors			125,081	386,107
Other taxation	and social security		4,961	27,622
				Page 28

										2022	2021
										R
Financial	assets
Financial	assets	measured	at	fair	value	through	income	and	expenditure	349,761	4,554,996

Statement offunds	- current y	ear
						Balance at
		Balance at 1			Transfers	31 March
		April 2021 F	Income f	Expenditure	in/out	2022 R
Unrestricted funds
Designated funds
Fixed asset fund -owned		16,331		(6,827)	26,501	36,005
Leasehold improvements		2,031,444		(170,060)	5,842,339	7,703,723
		2,047,775		(176,887)	5,868,840	7,739,728
General funds
General Funds - all	funds	524,395	5,512,809	(958,656)	(4,882,017)	196,531
Total Unrestricted	funds	2,572,170	5,512,809	(1,135,543)	986,823	7,936,259
Restricted funds
Other restricted		5,898	3,926	(5,751)		4,073
The Park Building Redevelopment Grateful Society		119,255 8,500	785,007		(904,262)	8,500
Alliance Fund		32		(32)
Student welfare		632		(632)
National Lotto Covid response grant		500		(500)
Football club &youth moves buildings		7,000	25,625		(32,625)
Churngold Cafe'			49,936		(49,936)
		141„817	864,494	(6,915)	(986,823)	12,573
Total offunds		2,713,987	6,377,303	(1,142,458)		7,948,832

										Balance at
						Balance at			Transfers	31March
						1April 2020	Income	Expenditure	in/out	2021
Unrestricted			funds
Designated			funds
Fixed asset			fund -owned			120,45I		(6,472)	(97,648)	16,331
Leasehold		improvements			fund	475,385		(34,564)	1,590,623	2,031,444
						595,836		(41,036)	1,492,975	2,047,775
										Balance at
						Balance at			Transfers	31March
						1April 2020	Income	Expenditure	in/out	202'I
General	funds
General	Funds - all			funds		10,208	1,025,984	(577,603)	65,805	524,394
Total Unrestricted				funds		606,044	1,025,984	(618,639)	1,558,780	2,572,169

					Balance at
	Balance at			Transfers	3'I March
	1April 2020	Income	Expenditure	in/out	2021
Restricted funds
Nisbetts Education	12,018		(12,018)
Tea, dances 8 bingo	6,858		(960)		5,898
The Park building redevelopment	(140,000)	1,943,100	(125,000)	(1,558,845)	'I19,255
Parkfest	935		(1,000)	65
Grateful Society	8,500				8,500
Alliance Fund	32				32
Student Welfare	(5'I6)	1,495	(347)		632

Stateme	nt offunds - prior yea	r (continued)
						Balance at
		Balance at			Transfers	31March
		1April 2020	Income	Expenditure	inl'out	2021
The Bramble Trust		(14,253)	25,000	(10,747)
National	Lotto Covid response
grant			21,000	(20,500)		500
Quartet	Covid support		2,750	(2,750)
Football	club &youth moves
buildings			7,000			7,000
		(126,426)	2,000,345	(173,322)	(1,558,780)	141,817
Total offunds		479,6'/8	3,026,329	(79/,961)		2,713,986

Summary	offunds - cur	rent year
						Balance at
		Balance at 1			Transfers	31 March
		April 2021	Income	Expenditure	in/out	2022
		f.
Designated	funds	2,047,775		(176,887)	5,868,840	7,739,728
General funds		524,395	5,512,809	(958,656)	(4,882,017)	196,531
Restricted	funds	141,817	864,494	(6,915)	(986,823)	12,573
		2,713,987	6,377,303	(1,142,458)		7,948,832

Summary	offunds - prio	r year
						Balance at
		Balance at			Transfers	31March
		1April 2020	Income	Expenditure	in/out	2021
Designated	funds	595,836		(41,036)	1,492,975	2,047, 775
General funds		10,208	1,025,984	(577,603)	65,805	524,394
Restricted	funds	(126,426)	2,000,345	(173,322)	(1,558,780)	141,817
		479,618	3,026,329	(791,961)		2,713,986

Analysis	ofn	et assets between funds - c	urrent year
			Restricted	Designated	Unrestricted	Total
			funds	funds	funds	funds
			2022 f	2022	2022	2022
Tangible Current	fixed assets	assets	12,573	8,894,729 218,597	276,206	8,894,729 507,376
Creditors	due	within one year		(373,597)	(79,676)	(453,272)
Creditors	due	in more than one year		(1,000,000)		(1,000,000)
Total			12,573	7,739,729	196,531	7,948,833

Analysis	ofn	et assets between funds - prior ye	ar
			Restricted	Unrestricfed	Total
			funds	funds	funds
			2021	2021	2021
Tangible	fixed	assets		2,047,776	2,047,776
Current	assets		'/41,817	4,970,079	5,111,896
Creditors	due	within one year		(4,145,685)	(4,145,685)
Creditors	due	in more than one year		(300,000)	(300,000)
			141,817	2,572,170	2,713,987

21.	Reconciliati	on ofnet movement	in fund	s to net cash flow from oper	ating activities
					2022f	2021
	Net income	for the year (as per Statement		of Financial Activities)	5,234,845	2,234,367
	Adjustments	for:
	Depreciation	charges			21,002	41,036
	Loss/(profit)	on disposal offixed assets			146,220	(91,441)
	Decrease/(increase) in debtors				399,285	(514,360)
	Decrease in	creditors			(282,297)	(85,43'/)
	Investment	income (bank interest)			(17)	(13)
	Net cash provided by operating		activities		5,519,038	1,584,158
22.	Analysis ofcash and cash equivalents
					2022	2021
	Cash in hand				349,761	4,554,996
	Total cash	and cash equivalents			349,761	4,554,996

				Amounts
				receiveable
				following
				transfer of
				trade and
		At 1 April		assets to	At 31 March
		2021	Cash flowsf	subsidiary	2022
Cash	at bank and in hand	4,554,996	(4,214,900)	9„665	349,761
Debt	due within 1 year	(155,911)	(1„390)		(157,301)
Debt	due after 1 year	(300,000)	(700,000)		(1,000,000)
		4,099,085	(4,916,290)	9„665	(807,540)

			2022	2021
			E
Not later than		1 year	1,517	'/,517
Later than	1 year and not later than 5years		632	2,149
			2,149	3,666