2021-03-31-accounts - Mudeford Wood Community Trust

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Reference and Administrative Details
Report ofthe Trustees	2	to	6
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet	9	to	10
Notes to the Financial Statements	11	to	17
Detailed Statement of Financial Activities	18	to	19

for the Year Ended 31 March 2	021
					2021	2020
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes	F	8
INCOME AND ENDOWINENTS Donations and legacies	FROM	2	39,530	13,898	53,428	1,225
Other trading activities Investment income Other income			37 1,840 29,158		37 1,840 29,158	8,526 2,207 78,639
Total			70,565	13,898	84,463	90,597
EXPENDIT'URE ON Raising funds					59	541
Charitable activities Charitable Activities			62,817	28,646	91463	102823
Total			62,876	28,646	91,522	103,364
NET INCOME/(EXPENDITURE)			7,689	(14,748)	(7,059)	(12,767)
Other recognised gains/(losses) Gains on revaluation offixed assets			1		1	2
Net movement in funds			7,690	(14,748)	(7,058)	(12,765)
RECONCILIATION OF FUNDS
Total funds brought forward			279,658	180,485	460,143	472,908
TOTAL FUNDS CARRIED FORWARD			287,348	165,73?	453,085	460,143

BALANCE SHEE 31 March 2021	T
					2021	2020
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes	6		8
FIXEDASSETS
Tangible assets		9	43,627	165,737	209,364	228,425
CURRENT ASSETS
Stocks		10	16		16	145
Debtors		11	4,522		4,522	8,911
Cash at bank and	in hand		246,002		246,002	234,751
			250,540		250,540	243,807
CREDITORS
Amounts falling due within one year		12	(6,819)		(6,819)	(12,089)
NET CURRENT ASSETS			243,721		243,721	231,718
TOTAL ASSETS	LESSCURRENT
LIABILITIES			287,348	165,737	453,085	460,143
NET ASSETS			287,348	165,737	453,085	460,143
FUNDS Unrestricted funds Restricted funds		13			287,348 165,737	279,658 180,485
TOTAL FUNDS					453,085	460,143

for t	he Year Ended	31 March 2021	31 March 2021
2.	DONATIONS	AND LEGACIES		2021 f	2020 f
	Donations			980	1,225
	Grants			52,448
				53,428	1,225
	Grants received, included		in the above, are as follows:
				2021 f	2020 f
	Other grants			52,448
				2021f	2020
	Job Retention	Scheme		9,448
	Local restrictions suppon Talbot Village grant		grant	39,500 3,500
				52,448
3.	OTHER TRADING ACTIVITIES
				2021 F	2020 f
	Fundraising Income Bar income				7,101 976
	Other Income			37	449
					8,526
4.	INVESTMENT INCOME
				2021	2020
				f	f
	Interest Received			1,840	2,207
5.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
				2021	2020
				F
	Depreciation	- owned assets		32,177	30,492

STAFF COSTS
								2021	2020
								6	6
Wages L Salaries Social security costs Pension costs								17,982 352	18,310 56 345
								18,334	18,711
The average monthly	number	of	employees		during	the year	was as follows'
								2021	2020
Administration								2	2
No employees received emoluments				in excess of		660,000.
COMPARATIVES FOR THE		STATEMENT			OF FINANCIAL		ACTIVITIES
							Unrestricted	Restricted	Total
							fund	fund	funds
							6	8	6
INCOME AND ENDOWII/IENTS			FROM
Donations and legacies							1,225		1,225
Other trading activities Investment income							8,526 2,207		8,526 2,207
Other income							78,639		78,639
Total							90,597		90,597
EXPENDITURE ON
Raising funds							541		541
Charitable activities
Charitable Activities							86,383	16,440	102,823
Total							86,924	16,440	103,364
NET INCOME/(EXPENDITURE)							3,673	(16,440)	(12,767)
Other recognised gains/{losses)
Gains on revaluation	of fixed	assets
Net movement in funds							3,675	(16,440)	(12,765)
RECONCILIATION OF FUNDS
Total funds brought	forward						275,983	196,925	472,908

for th	e Year Ended 31 Nlarch	2021	2021	2021
	COMPARATIVES FOR	THE STATEMENT OF FINANCIAL ACTIVITIES -continued
			Unrestricted	Restricted	Total
			fund f	fund f	fundsf
	TOTAL FUNDS CARRIED FORWARD		279,658	180,485	460,143
9.	TANGIBLE FIXEDASSETS
				Fixtures
			Freehold	and
			property f	fittings	Totals f
	COST
	At 1 April 2020 Additions		240,747	85,696 13,116	326,443 13,116
	At 31 March 2021		240,747	98,812	339,559
	DEPRECIATION
	At 1 April 2020 Charge for year		36, 11'I 12,037	61,907 20,140	98,018 32,177
	At 31 March 2021		48,148	82,047	130,195
	NET BOOK VALUE
	At 31 March 2021		192,599	16,765	209,364
	At 31 March 2020		204,636	23 789	228 425
10.	STOCKS
				2021	2020 f
	Stocks			16	145
11.	DEBTORS:ANIOUNTS	FALLING DUE WITHIN ONE YEAR
				2021	2020
					f
	Trade debtors			1,963	6,420
	VAT			149
	Prepayments			2,410	2,491
				4,522	8,911

for th	e Year Ended 31 March 2	e Year Ended 31 March 2	021
12.	CREDITORS: AllllOUNTS		FALLiNG DUE WITHIN ONE YEAR
					2021	2020
					f
	Trade creditors				4,796	6,077
	Social security and other VAT		taxes		596	594 2,182
	Accruals and deferred	income			51	1,634
	Accrued expenses				1,376	1,602
					6,819	12,089
13.	MOVEMENT IN FUNDS
					Net
					movement	At
			Ai	1.4.20 F	in funds	31.3.21 f
	Unrestricted funds
	General fund		279,658		7,690	287,348
	Restricted funds
	Restricted funds		180,485		(14,748)	165,737
	TOTAL FUNDS		460,143		(7,058)	453,085

Net movement in funds, included	in the above are as follow	s:
	Incoming resources	Resources expended	Gains and losses	Movement in funds
	F	8	6
Unrestricted funds General fund	70,565	(62,876)		7,690
Restricted funds
Restricted funds	13,898	(28,646)		(14,748)
TOTAL FUNDS	84,463	(91,522)		(7,058)

Comparatives for movement in funds
		Net
		movement	At
	At 1.4.19	in funds	31.3.20
		F
Unrestricted funds General fund	275,983	3,675	279,658
Restricted funds Restricted funds	196,925	(16,440)	180,485
TOTAL FUNDS	472,908	(12,765)	460,143

Comparative net movement in fu	nds, included in the above	are as follows:
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	F	5		8
Unrestricted funds
General fund	90597	(86 924)		3,675
Restricted funds
Restricted funds		(16,440)		(16,440)
TOTAL FUNDS	90,597	(103,364)		(12,765)

A curren	t y	ea	r 12 months and prior year	12 months combined position is a	s follows:
					Net
					movement	At
				At 1,4.19	in funds	31.3.21
						8
Unrestricted			funds
General	fund			275,983	11,365	287,348
Restricted		funds
Restricted		funds		196,925	(31,188)	165,737
TOTAL	FUNDS			472,908	(19,823)	453,085

A current year 12 months and pr above are as follows:	ior year 12 months combi	ned net movem	ent in funds, i	ncluded in t
	incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
		8	5	E
Unrestricted funds
General fund	161,162	(149,800)		11,365
Restricted funds
Restricted funds	13,898	(45,086)		(31,188)
TOTAL FUNDS	175,060	(194,886)		(19,823)

ET I S ENT fort YearEnded3
	2021	2020
	5	8
INCOME AND ENDOWMENTS
Donations and legacies Donations	980	1,225
Grants	52,448
	53,428	1,225
Other trading activities Fundraising Income Bar income Other Income	37	7,101 976 449
	37	8,526
Investment income
Interest Received	1,840	2,207
Other income Accommodation Lettings	29,158	78,639
Total incoming resources	84,463	90,597
EXPENDITURE
Other trading activities Bar purchases	59	541
Charitable activities
Wages Rates and water	18,334 733	18,711 1,312
Insurance	846	819
Light and heat Postage and stationery Miscellaneous Expenses Office and General Expenses Fire and Health 8 Safety Premises Expenses Cleaning Bad debt write off	7,637 526 70 41 1,843 8,398 17,430	9,669 2,287 979 486 1,607 6,043 18,820 60
Training Fundraising Expenses Phase 2 Development Kiosk Project Depn offreehold property Oepn offurniture 8 fittings Depn of office equipment	20 12,037 20,068 73	965 4,617 913 381 12,037 18,185 270
	88,056	98,161

		2021	2020
		6	F
Supportcosts
Administration Expenses Telephone and Internet Music Licence		602 764	602 1,132
Computers &Software Bookkeeping Services Legal and Professional Advertising Bank Charges	Fees	389 1,203 13 69	356 1,836 13 163 60
		3,040	4,162
Governance costs
Independent Examiners	Fee	367	500
Total resources expended		91,522	103,364
Net expenditure		(7,059)	(12,767)