OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Unrestricted Restricted Total Total
funds funds 2021 2020
Note 6 6
INCDME
Donations and legacies 404,987 68,693 473,660 39,387
Investment
Income		 1,420 66 1,486 1,260
Trading
Income
Miscellaneous income 25,264 25,264 37,735
Charitable
activities
Grants &contracts 1,826,216 766,761 2,592,977 1,832,255
Fare revenue 84,595 58 84,653 235,802
Rental income 62,477 18,632 81,109 109,441
Other income 79,843 17,D8D 96,923 206,875
TOTAL INCOME 2,484,782 871,290 3,356,072 2,462,755
EXPENDITURE
Fundraising
Charitable
activiTies		 7 2,004,364 855,428 2,859,792 2,572,713
Exceptional
item:
Obligation
lo fund
Community		 First New Forest
pension
liabilily		 expensed 18 245,000 245,000
TOTAL EXPENDITURE 2,249,364 855,428 3,104,792 2,572,713
Net (losses)/gains
on		 investments 23,460 23,460 (11,636)
NET INCOME (EXPENDITURE) BEFORETRANSFERS 258,878 15,862 274,740 (121,593)
TRANSFERS BETWEEN FUNDS 14,15 6,329 (6,329)
Actuarial(losses)/gains on defined benefit pension funds 18 183,000 183,000 (1D5,00D)
NET INCOME/(EXPENDITURE) FORTHE YEAR 448,207 9,533 457,740 (226,593)
FUND BALANCES BROUGHT FORWARD (349,797) 192,540 (157,257) 69,336
FUND BALANCES CARRIED FORWARD 98,410 202,073 300,483 157,257

2021 2020
Note 6 6
FIXEDASSETS
Tangible assets 9 203,122 192,198
Investments 10 141,285 117,825
CURRENT ASSETS
Stocks 11
Debtom 12 285,959 398,081
Cash at bank and in hand 1,670,357 375,807
1,956,316 773,888
CREDITORS: amounts falling due within one year: 13 ~929,245 286,168
NET CURRENT ASSETS 1,027,076 487,720
NET ASSETS EXCLUDING PENSION LIABILITY 1,371,483 797,743
Defined pension scheme liability 18 (1,071,000) (955,0DD)
NETASSETS INCLUDIING PENSION LIABILITY 300,483 157,257
FUNDS
UNRESTRICTED FUNDS
Designated
funds
Generalfunds		 15
15		 410,562
~249,452		 269,383
~394,495
Urireslricted
funds		 excluding pension liability 170,410
Pension reserve 15 72,000 255,000
Total unrestricted tunds 98,410 (349,797)
RESTRICTED FUNDS 14 202,D73 192,540
TOTAL FUNDS 300/463 157,257

Note 2021 2020
Cash (used in)/ provided
by operating		 activities 22 1,319,389 38,336
Cash flows from mvesting
activities
Interest income 1,486 1,260
Purchase of tangible fixed assets (32,075) (19,259)
Sale oftangible fixed assets 5,750 319
Cash provided by (used in) investing activities 24,839 17,680
(decrease)/increase
in cash and cash equivalents		 in the year 1,294,550 (56,017)
Cash and cash equivalents
atthe beginning		 of the year 375,807 431,824
Cash and cash equivalents
atthe end		 ofthe year 1,670,357 375,807

8 GOVERNANCE COSTS GOVERNANCE COSTS GOVERNANCE COSTS 2021 2D20
6
Legal and professional fees 11,786 5,407
Audit, accountancy and actuarial fees 12,545 11,140
Cost ofAGid and incidental trustee meetings 5,998
24,333 22,545
Plant and
machinery Fixlures
Land and including Motor frnings and
9 TANGIBLE FIXEDASSETS Buildings Vehicles equipment Total
6 6 8
Cost
At 1 April 2020 14,696 379,350 110,222 504,266
Addigans 1,08D 79,438 11,075 91,593
Dispasals 59,972 59,972
At 31 March 2021 15,776 396,816 121,297 535,889
Depreciation
At 'I April 2020 6,61D 236,480 58,980 312,07D
Charge for the year 4,025 46,706 15,5DB 66,239
Eliminated
an disposal		 45,542 - 45,542
At 3'I March 2021 10,635 237,644 84,488 332,767
Net book value
At 31 March 2021 5,141 161,172 36,809 203,122
At 1 April 2020 8,086 142,870 41,242 192,198
10 INVESTMENTS Unlisted investments
Cost orValuation
At 1 April 2020 117,825
Additions
Revaluation 23,460
At 31 March 2021 141,285
'l1 STOCKS 2021 2020
6 6
Finished gaads
12 DEBTORS 2021 2020
6
Trade debtors 183,326 266,802
Other debtors 18,883 33,599
Prepayments
&accrued		 income 83,750 97,680
285,959 398,081

CREDITORS: amounts CREDITORS: amounts falling falling due within one year 2021 2020
Trade creditors 72,619 40,978
Other tsxadon
and		 sacial security 82,634 65,229
Other cred itare 40,284 47,864
Accruals 6deferred incame 733,703 132,097
929,240 286,168
Deferred income
Deferred income is grants received for future accounting penods
2021 2020
Brought forward 102,382 101,519
Amounts
released		 ta incoming resources (50,831) (86,491)
Amounts
deferred
in year		 598,914 87,354
Amounts
carried forward		 650,465 102,382
Transfers
RESTRICTED FUNDS At Incoming Outgoing between At
1 April 2020 resources resources funds 31 March 2021
6 6 6
Shapmabilily
Chichester		 (18,399) 24,086 (25,747) (20,060)
Supporting
families		 food grant 150,000 (150,000)
DART 4,262 4,262
Winchester
Yauth Callectorate		 550 (550)
Access Group 2,770 2,770
Youth work 24,314 (19,588) 4,726
Community
First Delivers		 82,961 (82,961) 0
SBS 15,501 (21,938) (6,437)
Young Carers 99,633 (73,185) 26,448
Sacial Prescribing Network 16,645 (18,177) (1,531)
Wheels to Work 102,427 (78,380) 24,047
RASAC 46,705 202,523 (202,523) 46,705
Positive pathways 60,854 (60,854)
Shopmobility
Winchester		 101,520 46,108 (46,037) 101,591
Shopmobiliiy
Winchester		 -asset fund 25,039 1,204 (2,135) 24,108
Woolmer Timebanking 35,328 (35,328) 0
Park Play 19,720 (19,890) (170)
Surgery
linkworker		 13,500 (17,886) (4,386)
CVS Network 250 (250)
Communky
Development		 East Hampshire 6,329 6,329
Total restricted funds 192,540 871,290 855,429 6,329 202,073

Transfers
UNRESTRICTED FUNDS At Incoming Outgoing between At
1April 2020 rasa UIces resources funds 31 March 2021
E E E E E
Designated
funds
Transport services Havant- asset fund 21,930 (5,382) 16,548
Transport Winchester-
assetfund		 12,223 (3,056) 9,167
Transport services East Hampshire - asset fund 33,066 (4,790) 28,276
Transport services
New Forest - asset		 fund 6,571 6,571
67,219 6,571 O3,228) 60,562
Other
Required reserves
policy		 178000 172000 350000
178,000 172,000 350,000
Community
Fimt Investment
Fund		 283,964 2,501,671 1,991,136 165,671 628,848
General funds exduding
exceptional		 item 283,984 2,501,671 (1,991,136) (165,671) 628,848
Obligation
to fund Winchester Arse		 Community Action
Community
actian Fareharn
pension		 gabillty 15 624 000 245 000 869000
(340,016) 2,501,671 (2,236,136) (165,671) (240,152)
Pension reserve (Deferred pension liability 61071,000
less WACA reserve 6458,000, CAF reserve of E166,000
and CFNF reserve ofE245,000 and costs afM30,000
included within support costs) 15 255000 183000 72,000
Total unrestricted
funds		 349,797 2,691,242 2,249,364 6,329 98,410

Comparative
for funds movement		 Comparative
for funds movement		 Comparative
for funds movement		 Comparative
for funds movement		 Comparative
for funds movement
Transfers
UNRESTRICTED FUNDS At Incoming Outgoing between At
1April2019 msources fssollrcee funds 31 Nlarch 2020
6 8 8 6 8
Designated funds
Projects
Transport services Havant - asset fund 29,240 (7,310) 21,930
Transport Winchester. assetfund 16,297 (4,D74) 12,223
Transport services East Hampshire -asset fund 39,452 (6,386) 33,066
84,989 (17,770) 67,219
Other
Required reserves policy 178,000 178,000
178,000 178,000
Generalfunds
Community First Investment Fund 389,745 2,061,520 (2,16D,952) (6,329) 283,984
Obligation to fund Winchester Area Community Adion
Community action Fareham pension
liability		 15 624000 624 DDD
(234,255) 2,061,520 (2,160,952) (6,329) (340,016)
Pension reserve (Deferred pension liability %955,000
less WACA reserve 8458,000 and CAF reserve ofEt66,000 150,000 105,00D 255,00D
and costs of876,000 included within suppori contr 15 121,266 2,061,52D 2,283,722 6,329 349,797
Total unrestricted
funda
Community First Investment Fund
Ta support new initiatives and projects
ANALYSIS OF NETASSETSBETWEEN FUNDS Unrestricted Restricted TOTAL TOTAL
funda funda 2021 2019
8 8 8
Fixed assets 320,168 24,239 344,407 310,023
Current assets 1,482,022 474,294 1,956,316 773,888
Liabilities 1,703,779 296,461 2,000,240 1,241,168
98,411 202,072 300,483 157,257

The defined
benefit
scheme		 is closed to new members is closed to new members is closed to new members is closed to new members is closed to new members and so under and so under the projected the projected unit method method the current service cost would be expected
to
increase over time as members
ofthe scheme approach		 retirement.
2021 2020
Value ofscheme assefs and tiahitiltes
Fair value ofassets 3,892,DDD 2,567,000
Present value of fund liabilities
Pension scheme deficit		 ~&4,963.MD
1,071,00D)		 (3,522,000)
~9~55,000
Movements
inyear
Service cos'I (66,000) (51,000)
Interest cost (27,000) (20,000)
(93,000) (71,000)
Contributions
Actuarial
(losses)/gains
on assets and		 liabilities 39,000
183,00D		 61,000
~105.000
Movements
in the year		 129,000 (115,000)
Pension scheme deficit at 1 April
- WACA (477,500) (420,000)
- CAF
- CFHEH		 (165,988)
~311,512		 (146,000)
~224,000
(955,000) (840,000)
Acquisition
of pension
fund deficit from		 CFNF .~245,000
Pension scheme deficit at 31 March 071000.
,		 955,000
RELATED PARTIES
No other related
party transactions		 have occurred other than those noted in the accounts.
CONTROLLING
PARTY
The ultimate
controlling
party		 ofthe entity is deemed to be the Board ofTrustees.
OPERATING LEASE COMMITMENTS
As at 31 March 2021 the charily had future minimum lease payments under non-cancefiebie operating leases as follows;
Operating
leases which expire:
Land and buildings Other
2021 2020 2021 2020
Within 1 year 30,732 36,509 19,800 21,840
Within 2- 5years 56,100 75,900
30732 365D9 75 9DD 97740

RECONCILIATION
OF NET MOVEMENT		 RECONCILIATION
OF NET MOVEMENT		 IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
6 6
Net movement
in funds		 457,740 (226,593)
Add back depreciation
charge		 66,239 67,151
Add loss on disposal of fixed assets 8,680 5,759
Tangible Fixed Assets acquired from CFNF (59,520)
Pension
fund liability acquired		 from CFNF 245,000
Gain/ (Loss) on investments (23,460) 11,636
Deduct interest income shown in investing activities (1,486) (1,260)
Decrease /(increase)
in debtors		 112,124 (39,919)
Increase/(decrease)
in creditors		 643,072 29,891
Movement
in pension
fund		 (129,000) 115,000
Decrease
in stock
Net cash used in operating
activities		 1,319,389 38,336

Unrestricted Restricted Total
funds funds 2020
Note 6 9
INCOME
Donations
and legacies		 26,175 13,212 39,387
Investment
Income		 1,260 1,260
Trading
Income
Miscellaneous income 37,735 37,735
Charitable
activities
Grants &contrach 1,503,541 328,714 1,832,255
Fare revenue 235,802 235,802
Rental mcome 96,893 12,548 109,441
Qher income 160,113 46,762 206,675
TOTAL INCOME 2,061,519 401,236 2,462,755
EXPENDITURE
Fundraising
Chantable
activities		 6 2,167,086 405,627 2,572,713
Exceptional
item:
Obligation
to		 fund Community Action Fareham
pension
liability expensed		 18
TOTAL EXPENDITURE 2,167,086 405,627 2,572,713
Net (losses)tgains on investments (11,636) (11,636)
NET INCOME (EXPENDITURE) BEFORETRANSFERS (117,202) (4,391) (121,593)
TRANSFERS BETWEEN FUNDS 14,15 6,329 6,329
Actuarial(losses))gains on defined benefit pension funds 18 (105,000) (105,000)
NET INCOME/(EXPENDITURE) FOR THE YEAR (228,531) 1,936 (226,593)
FUND BALANCES BROUGHT FORWARD 121,266 190,602 69,336
FUND BALANCiES CARRIED FORWARD 349,797 192,540 157,257