2021-08-31-accounts

SOUTH BRENT OLD SCHOOL COMMUNITY CENTRE LIMITED li ANNUAL REPORT AND ACCOUNTS For the Year Ended 31st August 2021 CONTENTS Directors Report Company Charity Information Balan￿ Sheet Income and Expenditure Account Detailed Statement of Financial Activities Notes to the Accounts Independent Examiners Report Accounting Policies SoLrth Brent Old School Communty Centre Limited Totnes Road. South Brent. DEVON TQ10 9BP Mob.. [phone] Email .' inf ldsthod.or .uk

Page2 of13

1. DIRECTOR'S REPORT The Trustees, who are also Directors of South Brent Old School Community Centre Limited for the purposes of the Companies Act 2006, present their annual report and financial statement for the year to 31 August 2021. The Directors have adopted the provisions of the Statement of Recommended Practice ISORP) "Accounting and Reporting by Charities" issued in 2005 in preparing the annual report and financial statement of South Brent Old School Community Centre. YEAR TO 31 AUGUST 2021 This report is presented by the Trustees and covers activities and the financial results for the year be￿een Sept 1st 2020 and August 318t 2021. As usual a reminder of why we are here- it's to provide a Centre for all residents of South Brent, and the surrounding area, for education, leisure and to support social welfare. It's about improving life in the village for all. So whilst its mainly about the Centre itself it's also about what we do from the Centre and what activities and support we provide for individuals and organisations throughout South Brent. The good news is, that at the time of writing, the Centre is open and thriving. However, it has clearly been a challenging year with a combination of lock down, partial lock down and limited activities throughout the year. Part of this has been implementation of covid prevention measures throughout the year and throughout the Centre. This has included sanitation measures and limits on numbers and activities. This has clearly had an impact on activity and social gatherings. That said the year has also been marked by significant changes and improvements- including an enforced clearance and tidying of the Centre during earlier lockdowns. The clearance paved the way for a number of changes in the Centre including The opening of Art House during the Autumn of 2020 following a monumental effort to refurbish the 5 rooms that had been inherited when the Childrens Clubs left the Centre just before the first covid lockdown. Art House is a marvellous village facility that is already offering a very wide range of arts and crafts activities and events. The opening of the new suite of South Brent and District Caring Offices and storage. This took place fully during the autumn allowing Caring to have increased and more flexible space in the Centre. A very welcome addition to activity in the Centre Opening of the Community Library, alongside the South Brent Archive, as part of a multifunctional meeting space in the Beacon Room. We are very grateful to the confidential donation that allowed this to take place - a marvellous facility. Creation of a private meeting room, named the Study, in the fomier Caring Office. During the year a wide range of other community facilities returned to the Centre - including the Post Offi￿, Lloyds Bank, Share Shed, Bike Bank, Corridor Gallery and the Community Resource Facilities we offer, namely a photocopier and two computers for public use public use with Airband wi-fi. Page3 of13

One unfortunate legacy of the covid lockdowns is the closure of the Community Gym, operated by Ashmoor Sports Centre from their base at Ashburton Community College, which will not be re-opening. Trustees are currently looking at allernative uses for the space vacated by the gym, ideally, but not essentially, fitness related activities. Whilst we are very sad to lose the gym facility we do see this as an opportunity to bring fresh facilities, and visitors, to the Centre. The financial results are detailed later in this Report, with the highlights being Overall Members funds £603,797. Up from £582,456 in 2019120. Income of £52,799 and expenditure of £ 31,382 giving a net surplus on the year of £21,417. This situation being a mixture of reduced costs, grant income and covid related support payments offset against decreased income. Ongoing payments for use of the offices in the School House continue to prove crucial in sustaining the viability of the Centre Overall Balance of £65,794 Reserves of £26,179 Restricted Funds of £32,880 of which £27,144 is held exclusively for the Raise the Roof project. This overall financial position does present an opportunity to be flexible in how we support individuals and other community groups & organisations in South Brent. This is timely as Trustees will use 2022 to refresh its Community Action Plan. This plan, first introduced in 2017, and entitled "Reaching out to Everyone" sets out 7 aims to grow membership and volunteering work with other groups foster new activities invite everyone in provide a home and support for groups and organisations rejuvenate the centre market the ￿ntre If you want to support trustees in this task we'd be very pleased to hear from you. Alongside this Plan, which sets out our ambitions to work with others, we'll also use 2022 to update and review our internal procedures and policies to ensure they are fit for purpose. Whilst we want to reach out and support the village we do need to keep a roof over our heads. We've known for some years that the roof is in poor condition, but this is worsening rapidly and we need to ramp up our fundraising and response. Our Raise the Roof fundraising campaign will be a key focus for action in 2021122., including setting up and promotion of a "Just Giving" page and other fundraising efforts. The Old School Centre continues to be supported by both its Members and Volunteers. We currently have 290 members and supporters and benefit from a wide range of volunteer support, not least to the activity in the Library, Archive and Corridor Gallery. Thanks from the Trustees to all those who support the Centre in whatever form; particular thanks are due to Christine Morgan our minutes secretary. Page 4of13

During the year Glyn Richards, who has been Centre Manager for over 20 years, retired from his role after providing unstinting support, kindness and encouragement to groups and individuals both in the Centre and the wider village. Glyn will be missed and we wish him, and the Richards family, very best wishes in his retirement. Glyn is succeeded by Rowena Cairns, who replaced Glyn in the late summer of 2021. We are very pleased to welcome Rowena and look forward to her keeping the trustees and the Centre in order. As usual the report closes with recognition of the importance of Trustees. The last AGM elected 9 trustees and during the year Kate Tyler stood down and Christina Cross has stood forward, and been co-opted as Trustee. Our thanks to Kate for her support during the very challenging covid period. The role of Trustee is key to the continued operation of the Centre and provides a great opportunity to have real impact on the well-being of all in South Brent. Prospective trustees are welcome to join us, at one of our meetings, as a guest to see how it works or contact one of the existing Trustees to find out more. Page5of13

1. COMPANY CHARITY INFORMATION SOUTH BRENT OLD SCHOOL COMMUNITY CENTRE Ltd. Registered Company number 7593522 Registered Charity number 1146269 The company was incorporated on 06 April 2011 The company was registered with the Charity Commission on 02 March 2012 Registered Office South Brent Old School Community Centre Totnes Road South Brent Devon TQ10 9BP Aims and objectives The aims and objectives of the chartylcompany "to undertake common effort.... for the inhabitants of South Brent and neighbourhood... .to advance education and to Pfovide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants" Trustees and officers The following persons were all appointed in the year.. Mr Michael Baines Mr Dave MacDiarmid Ms Christina Cross Mr Rik Meek Ms Sara Godwin Ms Kay Reynolds Mr David Ross Kennerley Ms Jane Wellens Mr David Kinross Company Secretary Mr David Ross Kennerley Governing document The charity is controlled by its governing document, a trust deed (i.e. memorandum and articles of association). New trustees are proposed and elected by the members at the annual general meeting. The above report has been prepared with the provisions relating to small companies within Part 15 of the Companies Act 2006 SIGNED ON BEHALF OF THE BOARD Mr D R Kennerley Chair Date 2S Jan 2022 Page 6 of13

2. BALANCE SHEET South Brent Old School Community Centre Ltd Balance Sheet as at 31st August 2021 Total this year 20121 Total last year 19120 Unrestricted Funds Restricted Income Funds Fixed Assets Tangible Assets 538,003 538,003 538,003 Total Fixed Assets 538,003 538,003 538,003 Current Assèts Debtors 5,867 5,867 203 Cash at bank and in hand 27,514 32,880 60,394 44,618 Total Current Assets 33,381 32,880 66,261 44,820 Creditors . amounts falling due within one year {467) {467) 13671 Net Current asselsllliabilitiesl 32,914 32,880 65,794 44,453 Total Assets less current liabilties 570,917 32,880 603,797 582,456 Total Net Assets or Liabilities 570,917 32,880 603,797 582,456 Funds b￿d 582,380 582,380 570,921 Surplus Income 21,417 21,417 11,535 Total Funds 603,797 603,797 582,456 Page 7 of13

For the year in question, the charitable company is entitled to exemption from audit under section 47712) of the Companies Act 2006 relating to the small companies regime. The trustees acknowledge their responsibilities for ensuring thal the charitable company keeps accounting records that comply with section 386. The members have not required the company to obtain an audit in accordance wilh section 476 ofthe Companies Act 2006. The accounts have been prepared in accordan￿ with the provisions applicable to companies subject to the small companies, regime. Thè financial statements were approved by the Board of Trustees on and were signed on its behalf by.. Mr D R Kennerley Chair Date Jan 2022 Page8 of13

1. INCOME AND EXPENDITURE ACCOUNT INCOME Restricted Unrestricted Income Funds Funds Prior Total year Funds Funds Donations and Legacies 542 542 5,149 Membership Fees 436 436 681 Lettings 25,889 25,889 32.118 Fundraising Raise the Roof 14 2,415 2,429 4.072 Grants 22,809 22,809 14,215 Olher Income 117 117 600 Copying and Printing 576 576 1,508 Total 2,415 52,798 58,342 Page9of13

EXPENDITURES Restricted expenditure funds Unrestricted funds Prlor year funds Total funds Payroll 7,889 7.889 14,351 Cleaning 6,124 6,124 5,444 Computer expenses 598 598 2,335 Insurance 1,544 1,544 1,535 Building Maintenance 7.110 90 7,200 13,824 Photocopying & Printing 1,010 1,010 1,282 Support Work 552 Ulililies 5,333 5,333 4,195 Expenditure of Feed in Tariff 188 Other admin expenses 460 460 964 Phone and broadband 337 337 461 Other expenses 886 886 1,123 Write offs 553 Total 31,292 90 31,382 46,807 Net incomel{expenditure) for the reporting period 19,093 2,325 21,417 11,535 Total funds carried forward 19,093 2,325 21,417 11,535 Page 10 of13

5. INDEPENDENT EXAMINER’S REPORT

Page 11 of 13

I have no concems anLI have come across no other matters in eonnecii)n with the examinabon to which attention should be drawn in this report in oriler to •rtab￿ 8 proper undgr8tanding of th¢ 8¢count8 to be re8thed. . Reas8 d￿ete th• wortls in th8 br8ck•t$ rfthey do not8pply. Signed: D•t•: 24 March 2022 Nam8'. S8ndr8 C8rnpadelli R•l•vant prof￿810￿1 qu¥lIfica￿on(5) or body Irf any).. Addr•u: 22 C￿￿1$, South 8￿￿t Sectitsn B Disclosure Only cornplete if the examiner needs to highlight malerwl matters of concern lsee CC32, Independent eXamir￿th￿ gf charity xcounts.. dre¢t￿n¥ and guldance for examiners). Giv¢ h•r• brf•f dotail$ ol any it•m5 that tho oxaminor w8h•s to dl•¢lose. IER Octobar 2018 Page 12 of 13

1. ACCOUNTING POLICIES Basis of preparation of accounts The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charilies {SORP 2005) and applicable accounting standards. The Trustees have availed themselves of paragraph 4(11 of schedule 1 ofthe large and medium size companies and groups (accounting and reporting) regulations 2008 and adapted the Companie5 Act 2006 formats to reflect the special nature of the Charity's activities. Income resources All income resources are included in the SOFA when the Charity is legally enlitled to the income and the amount can be quantified with reasonable accuracy. Grants received are included in the accounts when the appropriate amount has been quantified. Grants in respect of fixed assets are credited to income. No amount are included in the financial statement for services donaled by volunteers. When the donors of income resources specify that the funds must be used in fLrture accounting periods or donors. conditions have not been fulfilled. then the income is deferred. The income from fundraising is shown gross, with the associated costs included in fundraising costs. Resources expended Resour￿$ expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT, which cannot be recovered. Expenditure, which is directly attributable to specific artivities, has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of these resources. Fund accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designaled for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors, in this case they refer solely to connecting to the community, and Energy Efficiency Project. Taxation Based on its status as a registered Charity and the use of funds for charitable purposes, South Brent Old School Community Centre Limited is exempt from corporation tax. Fixed assets and depreciation Freehold Property was valued at £SOO,000 by the Directors, on 1 September 2011 Furniture and Equipment was valued at £6,390 by the Directors, on 1 September 2011 There is no depreciation or appreciation of the freehold property, Furniture, equipment or Refurbishment costs. TRUSTEES EMOLUMENTS The Trustees receive no remuneration and were reimbursed no expenses during the year. STATUS AND CONTROL The Company is limited by guarantee and is Gontrolled by Éts Trustees and Directors. Page 13 of13