Park View Community Centre Church Chare Chester-le-Street Co Durham DH3 3PZ 0191 3881043 info@pvcc.co.uk ## PARK VIEW COMMUNITY CENTRE ANNUAL REPORT ## Achievement and performance The Community Centre has had yet another testing year due to the covid pandemic following the government guidelines to close again during 2020-21 and as a result there has been a significant loss in income. The majority of staff have been furloughed during closure with casual staff returning when we could safely re-open for outdoor activities and ensuring we could adhere to social distancing rules. Park View School reduced the recharge for facility use so that the Community Centre was only charged for the months that the facility was open. The new online booking system is working well and has been effective in streamlining the process for customers and has received positive feedback. During the year we have managed to secure a grant in the sum of £9,630 to run a Crossfit teens programme. Given the difficult year that the Community Centre has once again faced it has managed to make a small in year surplus. ## Future Plans The Community Centre has had a positive start to the year and has remained open throughout the majority of September. However we have recently received advice from public health that due to the rise of cases in the wider community that all indoor activities across both sites should be closed from 29th September until 15th October when the position will be reviewed. All outdoor activities will remain open. The main focus again this year will be to maximize income generation with the hope of remaining open to the public for both indoor and outdoor usage with minimal disruption due to covid. “Park View Community Centre" is a trading name of Park View Community Association, a company limited by guarantee (company number: 8174241) and registered charity (charity number: 1148865), Company registrat￿n numbpr.. 08174241 Charty registration number." 1148865 PARK VIEW COMMUNITY CENTRE {A company Iwnil8d by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2021 Park View Community Centre Contents Reference and Administrative Detsils Trustèes. Report 2105 Independent Audrt(￿S, Report 6108 Statement of Financial Adivitses Statement of Financial AGlivilies 10 Balance Sheet Notes to the Financial Statements 12to20 Park View Community Centre Reference and Administrative Detsils Trustees P A Adamson DrWF Dennison M Dodd G Crawford J Graham A Finley Secretary E L Hagar Prlnclp81 Office Church Chare Chester le Street o Durham DH3 3PZ The charty is incorporated in England and Wath. Company Registrntlon Numb•r 08174241 Charlty Rgglstratlon Numbèr 1148865 Sollclto Muckle LLP Time Cènlral 32 Gallowgate Newcastle Tyne and Wear NE14SN Bankers Lloyds Bank Pl¢ Chester Le Str8el Branch PO Box 1000 BX1 1LT Audltor MHA Tait Walker 8ulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS Park View Community Centre Trustees. Report The Iruslees, who are directOTS for the Purposes of company law, present the annual report together with the financial statements and auditors, report of the charitable company for the ￿ar ended 31 August 2021. Structure. gov8rnance and managemènt Nature of goveming document The charity is contrOl￿d by its goveming document, a deed of trust, and constilules a limited company, limited by guarante8, ae defineil by the Companie8 Act 2006. The Centre is or9anised and controlled by a Board of Directors which meets as and when required but at least 3 limes a year. Recrulbnent and appolntment of trustees Each Director (other than the N¢yninated Director51 shall retire from office at the conelu$ion of the fourth Annual Trustees Meating following the Commencement of his or her lefm of office but shall then be eligib￿ for reappointment. Inductlon and trainlng of trustoes The training and induction providad for new Directors dep8nd8 011 Iheii existing Èxperience. Where necessary, indLr¢lion and IrainirKJ is provided on charity. kgal and financial matters. All Directors are provided with copie8 of pol￿1¢$, procedures. minutes. accounts, budgets, plans and other d￿uMentS that they will need lo undertake their Tole as Directors. As there would usually onty be one or new Directors in any yèar, inductions lend lo be done informalty and tailor8d specifically to the ind￿ld￿al($). Organlsational structure The Dire¢lors meet regulady. Decjsions at Directors. meetings are mad8 by majority vote wlih the Chaimian having the casting vote on skqlt decisions. The Board of Direclois wmprise the key managemont personnel of the charity. No Directors, remuneratlon was paid by the charty. The parent ccxnpany, Park View Academy, ￿ChargeS various expenses, which relate lo charitable livities, back to the charity. Objectlves and activiti Objects and alms The thariws objectwes are for the bengfil of the genar81 publlc and in particular the inhabitants of Chester-le-street and its surrounding area5 to promote, without dis¢riminalion of Sex or political, religious or other opinM?ns, by association with the local authorities, voluntary organisalions and the inhabrtants in a Common effort to advance education and Provide facilities in the interests of social welfare for recreation and leisure time occupation with the cbjecl d improving the conditions of lrfe for the said inh8bttsnts in particular by.. lal ulilising the fa¢ililies al Park View Academy, and other appropriate facilities within the area of benefit in the intefesls of social welfare for recrealK)n and leisufe time occupation with the obiect of improving the conditions of life for the said inhabitants., Ibl encouiaging the eoaoperalion of the Academy and other oryanisations wlthin th& area of benefit to their mutual benefit., Ic) Cowoperaling wrth the Academy in relation lo the maintenance, management and, where appTopriale, development of facilit*s available for joinl use at the Academy in furtherance of the above objects. Park View Community Centre Trustees. Report Fundraislng olisclosures The charity is ￿quired to report how it deals wilh fundraising from the public. The charty does not use a professional fundraiser or commercial participator lo raise funds. Any monies raisgd dire¢l from the public follows all guidelines set out by the Charity Commission and UK law in every respect. W8 respect the privacy and contact PTeferences of all public donors. Publlc beneflt The charity's aims and achievemen15 are set out wf(hin this report. The activities sel out in this roport have been undertaken to further the ¢h8ritys charitable purposes for th8 public benefrt. The trustees wnfim) that they have complied with Ihe requirements of section 17 of the Charitie8 Act 2011 to have due regard to the public benefrt gu￿ance published by the Charity Commission for England and Wales. Achiovements and perfonnanee The Community Centre ha5 had yet another testing year due to the covid pandemic following the govemment guidelines to dose agaSn during 2020-21 and as a result there ha8 been a signrficanl loss in income. The majorty of staff have been furloughed during closure with casual staff returning when we could safèly re4)pen for ouldc¥)r actNitEs and ensuring we Could adheie lo 8ocBI distancin9 rules. Park Viw Sch¢Jol reduced the recharge for facilty use so that the Community Centre was only charged for the months that Ihg facility was cpen. The new online bookit)g system is working well and has been effectivè in streamlining the process for customers and has received posrtive feedback. During the year we have managed lo secure a grant in the sum of £9,360 to Turs a Crossfit teen$ prograrMIe. Given the difficult year that the Community Centre has once again ￿ed il has managed to make a small in year surplus. Flnancial revlew Pollcy on reseNes The Centre is ￿QUIred to raise and maSnlain an income by way of grants, donations and charges for sewices to meet rt$ immediate financial needs for facilities access, staffing. materials, equipment, the purchase of extemal seNi¢e$ and to continue to build on rts re$erve$ in ordar to eontinue to provide forfuluTe capital and revenue needs. Thg Centre eurrenlty holds ils financial resources in a Charge freè current account, providing Knmediate a¢¢ess for regular spending commitments and a number of investment accounts for r(s savings and investment rfftd5. Regular reports on the status of thes8 accounts are provtded to the Board of Directors by the Finance Officer. Future revenue needs of the Asslxiation include an annual facilities access charge, payable to the Academy, ongoing staffing costs, maintenance. repairs and renewals, materials, ser¥￿e$, rents, taxes. subscriptions, Sections expenses {Member Sedions of the Associabonl and general overheads. Al Ihe year end. free reserves We￿ £27,218 (2020.. £32,87n. a decrease of £5,659 in the year. Park View Community Centre Trustees. Report Principal fundlng sourcos The principal sources of TevenLfe funding during the period were.. Durham County Council., Big Lottery.. Sports England.. Sew generated income from classes held arKI the hire of facilities. Key Managèment Personnel The board, who give their time freely, and ITusleès received no remuneration in the year, have Considered that there is no Key Management Personnel IKMP} wthin the charity. Management of the charity 16 performed by its parent ents"ly, Park View Academy. Plans for future p•rlod$ Aims and key obje¢tlves forfuture ￿riodS The Community Centre has had a positive start to the year and has remained ijpen throughout the majoriy of Septemkr. However we have Tecenlty received advice from public health that due to the rise of cases in Ihe wider Communty that all indo(w 8ctivf(ies across both sites should be closed from 29th September until 151h October when the position will be reviewed. All outdoor activities will remain open. The main focus again this year wll be lo maximze income gengralion wth the h¢)pe of remaining open lo the public for both indoor and outdoor usage with minimal disrLtplion due lo wvid. G¢lng ¢oncem The trustees have Prepared forecasts which show that, taking into arKount reasonable possible changes in trading performance [￿lUdIng the potential impact on the charity of poSs￿le future scenarios arising from the impact of COVIt)-19, that the charty has sufficient Gashflows to continue as a going concern. This is based on the continued support of the trustees and the bank. The twstees have stress tested their fo￿asts. under various scenarios, and fftmain ¢onfident that the un¢ortainl*s do not casl significant doubt on the company's abilty to contSnue as a going crmcem. Park View Community Centre Trustees. Report Statement of Trusto0s' Responsibllities The trustees (who are also the directors of Park View Communty cent￿ for the purposes of company lawl are responsible for preparin9 the trustees, report and the financial slalements In 8ee0rdance with the United Kingdom Accounting Slandards {United Kingdom Generally Accopled Accounting Practice) nd applicable law and regulations. Company law requires the trustees lo prepare financial statements for each financial year. Under company law thè Iruslees musl not approve the fsnancial slalemenls unless they are satisfied that they give a true and fair view of the stale of affairs of the charitable company and of tts incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to.. sel¢cl suitable accounting polKies and appty them con$istenty', observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent., stste whether appIl￿ble UK Accounting Standards have been fc41owed, subject to any material departures disclosed and explained in the financial slalements-, and prepare the financial slalements on the going concem basis unless rt is inappropriate to presume that the charitable company will continue in trHJsiness. The Iruslees are responsible for keeping ¥lequate ￿COUntIng rewrds that are sufficient lo show and explain the charitable compan¥s transactions and disclose with reasonable accuraw al any lime th financial position of the charitable company and enable them 19 ensu￿ that the financial statements comply with the Companies Ad 2006. They aTe also responsible for safeguarding tho assets of the chantablo company and hence for taking r8asonable steps for the prevention and detection of fraud and other irregl￿antl6s. Disclosure of Inforniation to auditor Each trustee has taken steps that they ought lo hav& taken as a trustee in order to mako Ihemselv6s aware of any relevant audit information and lo establish that the charity's auditor is aware of that infom)alion. The Iruslees confirm that theie is no relevant information that they know of and of whioh they know the auditor is unaware. Reappolntrnent of audltor The aud((ors MHA Tail Walker are daemed to be reappointed under section 48712} of the Companies Act 2006. The annual report was approved by the Iru8lees of the charity on 9 December 2021 and signed on its behalf by.. Dr W F Dennison Truste8 Park View Community Centre Independent Auditor's Report to the Members of Park View Community Centre Opinlon We have audited the financial statements of Park Community Centre Ilhe 'charity'l for the year ended 31 August 2021, which comprise the Statement of Finential Actwities, BaLan¢e Sheet, and Notes lo the Financial Slalements. including a summary of significant a¢counling policies. The financial reporting framework that has been applied in their preparation is Uniied Kingdom Accounting Standards. conyrising Charities SORP - FRS 102 'The Financial Reporting Standard applieable in th UK and Republi¢ of Ireland, and applicable I￿ (United Kingdom Genèrally Accepted Accountin9 Practice). In our opinitin the f5nancial stalemenl$'. give a true and fair view of the stste of thg chanty'8 affaiTS as al 31 August 2021 and of its Incoming resources and applicatlon of resources, induding its income and expenditLsre for the year then ended,, have been propedy prepared in accordance wilh United Kingdom Gone￿Ity Accepted Accounting Praclic&'. and hav8 been prepared in accordance with the requirements of the Companies Act 20C6. Basis for oplnion We conduded our audit in accordance wth Intemalional Standards on Auditing (UK) {ISAs IUKII an applicable law. Oui responsibilities und8r those standards a￿ further described in the Auditor's re8ponsibililies for Ihe audit of the financial slalemants section of our report. We are independent of the charity in accordance with the ethical fequiremenls that are relewanl to our audrt of the financial statements in the UK, including the FRC'S Elhul Standard, and we have fulfilled our other ethic81 responsibli rties In acwrdance with Ih¢se requirements. We believe that the audit evidence we havè obtained is sUff￿lent and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial slalements. w8 have concI￿led that the trustees use of th& going concern basis of ac¢ounting in the preparation of the financial $lat¢menls is appropriate. Based on the work we have perfomied, we have not idènlified any material uncertainties relating to events or condttions Ihal, individually or collectively. may ¢ast significant doubl on Ihe charity's ability lo continue as 8 going coneem for a period of al least tsveive months from when the financial statements were aulhorEsed for issue. Our responsibilities and the responsibilities of the trustees w￿h respect to going coneem are d8scribed in the relevant sections of this report. Other i￿Orni4t￿On The trustees are resptsnsib￿ for the othei Infomialion. The other infonnation comprises the infomialion included in the annual report, other than Ihe financial statements and our 8udilor's report thereon. Our opinion on the financial statements does not cover the other infom)alion and, except to the extent otherwise explicitty stated in our report, we do not express any form of assurance conclusion thereon. In Connection witl) our audlt of the financial $latemenl$. our responsibility is to read the oth81 information and. in doing so. consider whether the other infomation is materially inconsistent wth the financial statements or our knowfedge obtsined in the audit or othewwise appears to be materially misststed. If we identify such material inconsistencies or apparent material mis5talements, we are rgquired lo determine whether there is a material misstslemenl in tha financial statements or a material mi$$tatement of the other infomialion. If. basad on the work we have perfomied. we conclude that there is a material mi$stalemenl of this other information, we are required lo report that fad. We have nothing to report in this regard. Park View Community Centre Independent Auditorfs Report to the Members of Park View Community Centre Opinlon on other matters prescribed by the Companies A¢t 2006 In our opinion, based on the worf( undertaken in the eourse of the audit.. the infomiation given in the Trustees, Report for the financial year for whiGh the financial ststemenls are prepared is consistent wf(h the finan¢ial statements- and the Trustees, Report has been prèpared in accordance with applieable legal requirem&nts. Matters on whlch we are requlred to r•port by exceptTron In the light of our knowledge and understanding of the eompany and its envitonment obtained in the course of the aLKlit, we have not identif￿d material misstalemenls in the Trustees. Rgport. We have nothing to report in respect of the folkhving matters where the Companies Act 20C6 requires us lo roport to you if. in our opinion.. adequate aGcounling records have not been k8pt. Of returns adequate for our audit have not been recewed fiom branches not visited by us," or the financial statements are not in agreement with the accounting r&ords and retums.. or certain disclosures of tTUStèes remuneration specified by law are not mad&,' or wè have not received all the infomiation and explanations ￿ require for our audit. Responslbilitlgs of trustses As explained morg fully in the Statement of Trustees. Responsibilities (set out on paga 51, the trustees are responsible for the preparation of the financial stalemenls and for bèing satisfied that they give true and fair view, and for such inlemal control as the trustees detemiine is ne￿Ssary to enable the preparalicin of frnancial statements that are free fron7 material misstatement. whether due to fraud or error. In preparin9 the financial statements, the trustees are responsible for assessing the charity's ab￿ty to continue ats a going concem, disclosing. as applicable, matters related lo going concern and using the going concern basis of acttlunling unless the trustees either intend to liquidate the charty or to cease operations, or have no realistic alt6mative but lo do $0. Audltor's rgsponslbllitles for the audlt of tho flnancial 8tatoments Our objedive8 are to obtain reasonable a$surance about whather the financial statements as a whole are free from material misstatement, whether due to fraLFd or error, and lo issue an 8uditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conduded in accordan￿ with ISAS {UKI will a￿ayS detect a material misstatement when it exists. Misslalements can arise from fraud or error and are considered material rf, individually or in the aggr8gale. they could reasonably be expected to inftuence the economic decisions of user8 taken on the basis of these fina￿la1 slalements. IrreguLgrities, including fraud, are in$lances of non Re¢oncillatlon of funds Totol funds brought forward Total funds carried forward 46,129 14,8C 60,935 16 38,397 20,127 10 Park View Community Centre (Registration number: 08174241) Balance Sheet as at 31 August 2021 2021 2020 Note Fixed assets Tangible assets 32.527 25,647 Current assets Stocks Debtors Cash al bank and in hand 12 13 50 25,966 9,875 35,891 50 5,901 32.542 38,493 Credltors: Amounts falllng due wlthlft one y•ar Net current a$$ets 14 8.673 5.616 27,218 59,745 32.877 N•t assets 58.524 Funds of the charlty: Restrlcted In¢omt funds Restricted funds 16 24,617 20,127 Unrestrfctgd Income funds Unrestricted funds 35,128 38,397 Total funds 16 59,745 58,524 Th& financial Slalements on p8ges 9 to 20 were approved by the trustees, and aulhorised for i8sue on 9 December 2021 and signed on their behalf by.. Dr W F Dennison Tru81ee 11 Park View Community Centre Notes to the Financial Statements for the Year Ended 31 August 2021 1 Charlty status The charity is limited by guarantee, incorporated in England and Waie8. and consequently does not have sharè capital. Each of the trustees is liable lo contr*)ulo an amount not exceeding £Nil towards the assets of the ¢harity in the event of liquidation. The address of ils regisleted offico is.. Church Chare, Chester ￿ Street, Co Durham, DH3 3PZ 2 Accounting pollclos Summary of slgnificant aceounting poll¢ie5 and key accountlng ¢$tlmates The prineipal accounting policie5 applied in the preparation of these ffnanryal statements are set out below. These policies have been consi$tenlty applied lo all the years presented, unless otherwise staled. Ststement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in a¢¢ordance wf(h the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191- IChar¢ties SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and R6publK of Ireland IFRS 1021. They also comply with the Companies A 2006 and Charities Act 2011. Basls of preparation Park View Community Centre meets the definf(ion of a publlc benefrt entity under FRS 102. Assets and liabilities are initially reCognis￿l al historical cost or transaction value unless othfyrwise staled in the relevant accounting poli¢y notès. Tho functional currency of the charity is steding. Going concem The Iruslees have prepared forecasts which show that. taking into a￿O￿nt reasonable possible changes in trading performance including the potential #npact on the charity of possible future scenarios arising from the impa¢t of COVID-19, that the charrty has sufficient cashflows to continue as a going concern. This is based on the continued support of the Iru51aes and the bank. The trustees have stiess tested their fore¢asts, under various scenarios, and remain eonfidenl that the uncertainties do not cast significant doubl on th8 company's ability to continue as a going con¢&m. Exemptlon from preparlng a Cash flow statement Thg ¢harrty opled lo ad¢)pt Bulleb"n 1 published on 2 February 2016 and have the￿fore not incI￿jed a cash flow slalemenl in these financial slalements. 12 Park View Community Centre Notes to the Financial Statements for the Year Ended 31 August 2021 Estlmatlon uncertainty and judgements The preparation of the financial stslemenls reqltires management to make judgement$. estimates and assumptions that affed the amounts reported. The eslimales and associated assumptions are based on historical experience and other factors that are considered to be relevant. This includes.. Depreciation - Depreciation is calculated so as to wrrte off the c081 of an asset. less its residual value, ovei the economic lite of that assal. An estimat8 of the useful lrfe of assets is detailed in the depreciation accounting policy. The value of depreciation charged during the year was £5,053. Income and endowments All incom8 is remgnised once the Charity has enlillemenl lo the inc¢)me, it is probable that the income will be receive(f and the amount of the income recerwable can be measured reliably. Grants rncolvablo Income from govemment and other giants. whether 'capilal' grants or 'revenue' grants. is reeognis8d when the Charity has entitlement lo the funds, any perfomiance conditions attached to the grants have been met. it IS Probable that the income will be recelved and the amount can be measured reliabty and is not deferred. Otherlncome Other income, including the hire of faeilities, is rgcognised in the period in which it is receivable and to the exlent the goc#J$ have been provid8d or on completion of the service. Expenditure All &xpendf(ure is recognised once there is a legal or construdive obljgalion lo Ihgt expenditure, it is probable settlement 18 required and the amount can bè measured reliably. All costs are allocated to the applicable expendf(ure heading that aggrègate similar cost$ lo that category. Where costs cannot be direclFy attributed to particular headirKJs they have been allocated on a basis consistent with th use of resources, with central staff eosls aliocaled on the basi5 of lime spent, and depraci8lkJn charges allocated on the portion of lh8 asset's use. Other support costs are allocated based on the spread of staff costs. Raislng fun(ts These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading actwities that raise funds. Chatrltable actlvitles Charitable expenditure comprises those costs incuffed by the charty in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities arKI those costs of an indirect nature necessary lo support them. Taxatlon The ch8rity is considered to pass the tests sel out in Paragraph 1 Schedule 6 of the Finan¢e Act 2010 and therefore it megls the defrnition of a charitable eompany for UK corporation tax purposes. Accordingly, the charrty 1$ polenlialty exempl from taxation in rgspecl of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applièd exdusively to charitable purposes. 13 Park View Community Centre Notes to the Flnancial Statements for the Year Ended 31 August 2021 Tanglble fixed assots Individual fixed assets costing £100 or more are initially recorded al cost, less any subsequent accumulated depreciation and subsequent a￿uMUlated impairment losses. D•preciatlon and amortlsatlon Depreciation is provided on tangible fixed assets $0 as lo write off the cost or valuation, less any eslimaled residual value, over th8ir expected useful econorNG life as follows.. As$gt clas5 Long leasehold Fixtures and fittings Sports eqLtipment Impaim)ent of fixed assots A review ft)r impaifflient of a fixed asset 1$ Carried out rf events or changes in circumstances indicate that the Cal￿"n9 value of any r￿ed asset may not be recoverable. Shorifalls be￿een the carrying value of fixed assets and their recoverable amounts are re￿9￿1$ed as impaim)enls. Impaiment losses are recognised in the Statement of financial adivities. Stock Stock is valued at the l¢Mier of Gosl and estimated Selling price les5 costs lo ¢omplete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the firsl-in, first-out IFIFO} basis. D•preclation method and rate 259A on cost and 100/0 on cost 25% on cost 10% OTh￿81 Trade debtors Trade d8blors are amount$ due from customers for merchandise sold or 5eNi¢es perfomed in the ordlnary course of busine$5. Tfade debtors are recognised init*lly at the transaction prico. They are subsequenlty measured at amortised cost using the effective interest method. less provision for irnpaimenl. A provision for the impairment of trade debtors is establiehed when there is objective evidence that the charity will not b• able to collect all amounts due xcording to the original temis of the receivables. Cash and Cash equlvale¢)ts Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid investments that are readity ￿nVertible lo a known amount of cash and are sublect lo an insunificanl risk of change in value. Trad8 cr•ditor6 Trade credrtors are obligath'ons lo pay for goods or service$ that have been a￿UIred in the ordinary coutse of business from suppliers. Accounts payable are classilied ?$ current liabiif(ies if the charity does not have an uncondrtional right. at the end ol the reporting p8riod. lo dgfer settlement of the credf(or for al least tsvelve months after the reporting date. If there 15 an uncondrtional right to defer settlement for al least ￿e1ve months after tho reporting dale, they are presented as non-currenl liabilities. Trade creditors are ￿OgniSed initially at the transaction price and subseqLEntty measured at amorts'sed cost using the effectThie interest method. Fund stwcture UnrestTicled income funds are general funds that are available for use at the Irustee5' discretion in furtherance of the objectives of the charty. 14 Park View Community Centre Notes to the Financial Statements for the Year Ended 31 August 2021 Restricted income funds are those donated for use in a particular area or for specific purposes, thè se of which 1$ resliided lo that area or PUWJse. Penslons and other post retiroment obllgations The charitable company operates a defined contrbution pension Scheme. Conthbutions payablè lo the charttsble company's pension schenE are charged lo the Slalement of Financial Activities in the period lo which they relate. Redundancy payments The charity Shall recognise redundan¢y payments as a Ih?bilily and an expense onty when the chanty is demonstrably eommitted either. lal lo temiinate the employment of an employee or group of employees before the nomial rth'remenl date," or (bl to provide lerminalion benefits as a result of an offer made in order lo encourage voluntary redundancy. 3 Income from charftable a¢tlvlttes Unrestricted Total 2021 General Total 2020 Restrictod Classes Grants Other activities 14,158 S3,340 93,421 102,407 9,360 111,767 160.919 Income from charitable actThiities in the year relating to unrestricted funds was £102,407 (2020: £137,264) and £9.36012020. £23,655} relating to restricted fvnds. 19,558 82,849 9,360 28,918 82,849 2021 2020 Classes- Classes Classes - Grants Other activities - Hire of facilities Other activiltes - Casual u$e of facilities 14.158 53,340 88,968 4,453 28,918 70,399 12,450 111,767 160,919 Grants received, included the above, are as follows.. 2021 2020 Durham County Council Sports England HMRC - Furlough Big Lottery 24,000 9,360 19,558 19,685 9,655 S3,340 28,918 15 Park View Community Centre Notes to the Financial Statements for the Year Ended 31 August 2021 4 Incom? from other tradlng activltl•s Unrestricted Total 2021 Total 2020 Gengral Cafeteria income 960 2,581 All other trading incc4ne in the current and prfor year are unrestricted funds. S Expenditure on charitable actlvltle$ Actlvity undertaken dirgctly Adivlty $upport costs 2021 2020 Classes & other activities Govemance 56,474 40,909 14,123 55.032 97,383 14,123 111,506 154,501 11,145 165,646 56,474 £106,636 (2020 - £147,312) of the above expendrture was attributsble to unreslricled funds an¢J £4,87012020 - £18,334) lo restricted funds. In addi(ion to the expenditure analysed above. there are also govemanco costs of £14,123 12020 - £11,145> which rèlate directty to charitable activities. See note 6 ft)r further detai¢s. 6 Analy$i$ of support costs Govemance ¢ost8 Unrestrlcted Total 2021 Total 2020 Genaral A￿JIt fees The audit of the charity's annual accounts and other fees Lagal and profesSK)nal fees 4.250 9.873 4,250 9,873 4,250 6.895 11,145 14,123 14,123 16 Park View Community Centre Notes to the Flnancial Statements for the Year Ended 31 August 2021 7 Net Incomlngloutgoing resources Net incorninglloulgoingl resources for the year include.. 2021 2020 Audit fees Depreciation of fixed asset8 4,250 5,503 4,250 5,246 8 Trustees remuMratlon and oxp•nses No trustees, nor any persons connected wf(h them, hav& recoived any remuneralton from the charity during the year. No trustees have received any reimbursed expenseB or any other benefits from the charity during the year. 9 Staff costs The aggragale paytoll costs were as folbw8". 2021 2020 Staff costs durlng Ihe yèar were.. Wages and s4arie$ Social security costs Pension costs 52,616 1,765 551 75.225 2,114 714 54.932 78,053 The monthly average number of persons linduding senior management team) employed by the charity during the year was as follows: 2021 No 2020 Teaching staff Administration staff Management Staff 16 No employee recèived emoluments of more than £60,000 during the year. The total employee benefits of the key management personnel of the Char￿ were £Nil12020- £Nill. 10 Taxation The Chanty is exempt from laxalion in respect of inccme or capital gain$ receiv8d wthin categories covered by Chapter 3 Part 11 of the Corporation Tax Ad 2010 or Section 258 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to haritable purposes. 17 Park View Community Centre Notes to the Financial Statements for the Year Ended 31 August 2021 11 Tangible fLYed assèts Land and buildlngs Furntture and equlpment Sports 8qulpmont Total Al 1 September 2020 Addition$ 22,643 7,737 40,975 12,383 71.355 12,383 Al 31 August 2021 DgpRclatlon At 1 Seplemb8r 2020 Charge for the year At 31 Atsgust 2021 N•t book value 22,643 7,737 53,358 83.738 22.643 7,385 167 15,680 5,336 45,708 5.503 22,643 7,552 21.016 51,211 Al 31 August 2021 Al 31 August 2020 185 32,342 32,527 3S2 25,295 25,647 12 Stock 2021 2020 Stocks 50 50 13 Debtors 2021 2020 Trade debtors Due ftom group undertakings Prepayments and accrued income 17.012 6,300 2,654 25,966 2,688 3,213 5,901 14 Credltors: amounts falllng du• wlthin onè yoar 2021 2020 Trade creditors Other creditors Accruats 1,622 371 8,680 8,673 1,070 371 4.175 5,616 18 Park View Community Centre Notes to the Flnancial Statements for the Year Ended 31 August 2021 15 PEnsion and other s¢home5 Deflnod contributlon ponsion scheme The eharify op&rales a dofined conlfibution pension scheme. The pgnsion cost charge for the yoar represent8 contributions payabte by the charity lo the scheme and amounted to £551 {2020 - £714}. 16 Funds Balancg at 1 Soptèmber 2020 Incomlng rosources Re50ur¢es expended Balanco at 31 August 2021 Unrnstrlct9d General General fLtnd 38,397 103,367 {106.6361 35,128 Restrlcled Improving fitness Sport England grant lottery grant DCC grant- tranyolin8 Total r￿tri¢t¥d 6,33S 11,0861 {2,040) 11.238) 506 5,249 7,320 8,477 3,631 9.360 9,655 4,137 20.127 9,360 4,870 24,617 Total funds 58.524 112,727 111.5C6 59,745 The Specffic purposes for which the funds are lo be appliod are as follows.. 'BpJ Lotterl is fundi￿ for sports equipment. 'Improving Fitness Path View Communty Centre. is funding for the development of ¢ommunty based exercise programmes for all age8 and abilities. 'Durham County Council Fixed Asset Fund, is lunding for the purchase of a new t￿mp011ne. 'Sports England grant, is fvndin9 for CrossFit Teens project. 17 Anatysls of net assets between funds Unre$trlct•d General Restrlcted Total funds Tangible fixed assets Net Current asselsllliabilities} To181 net assets 7,910 27.218 17,297 7.320 25,207 34,538 35.128 24,617 59.745 19 Park View Community Centre Notes to the Financial Statements for the Year Ended 31 August 2021 Unrestricted Total funds at 31 August 2020 Genèral Restrfctod Tangible fixed assets Net current as$otsllliabilflie8) Total nel assets 5,520 32,877 20,127 25,647 32,877 58,524 38.397 20,127 18 Related party transaetlons During the year the charty made th& folowing related party transactions- Park Vlew Academy Trust 1100Dh parent entity of Park View Community Centre.} Rental charges of £28,692 {2020- £48,219) 8fKI purchase reehaTge8 of £32,40712020 - £1.705} were rnade by tho Charity from Park View Academy Trust. At the balance sheet date the amount due frc*n Park View Academy Trust was £6,30012020- £Nil). 19 Parent and ultimate parent undertaklng The uAimate parent is Park View Academy, incorporated in ENJland and wa￿$. These financial statements are available upon rpquesl from Church Chare, Chester Le Street, County Durham. DH3 3QA. The principal actiwty of the comparsy is to piovide edUcat￿an. 20 MHA Tait Walker Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS **T:** 0191 285 0321 **F:** 0191 284 9117 **E:** advice@taitwalker.co.uk **DX:** 60368 Gosforth www.taitwalker.co.uk The Trustees Park View Community Centre Church Chare Chester le Street County Durham DH3 3QA Our Ref: BAL/MB/1003937 Date: 9 December 2021 Dear Sirs, ## **Park View Community Centre Year Ended 31 August 2021** In accordance with recommended practice, we are writing to draw to your attention to the various matters which have arisen during the course of our audit of the charity’s financial statements for the year ended 31 August 2021. ## _**(a) Auditors’ report**_ There are no expected modifications to the auditor’s report. ## _**(b) Accounting adjustments**_ A schedule of all accounting adjustments which have been discussed during the audit field work and which have been agreed to be adjusted within your financial statements is attached to this letter at Appendix 4. During our audit we identified no unadjusting misstatements that require reporting to the trustees. This has been reported within Appendix 5. ## _**(c) Significant weaknesses in your accounting and internal control systems**_ Our audit procedures were directed towards testing the accounting systems in operation upon which we have based our assessment of the financial statements. During our audit we identified no control deficiencies that require reporting to the trustees. This has been reported within Appendix 1. There were no control deficiencies reported within the 31 August 2020 year end. This has been reported within Appendix 3. ## _**(d) Suitability of your accounting practices and financial reporting**_ We believe that your accounting records are appropriate for your financial reporting purposes. ## _**(e) Other relevant matters relating to the audit and other matters required by Auditing Standards to be communicated**_ The following are matters that we are required by auditing standards to communicate to you :- As part of the audit planning process, we identify any potential risks to our independence as auditors and document the safeguards we adopt to fully mitigate any such risks. We have considered these risks, which are included in the appendix attached and confirm that the safeguards adopted as satisfactory. MHA Tait Walker is a trading style of Tait Walker LLP. Registered Office: Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3 3LS. Limited Liability Partnership Number OC340140. Registered in England. A list of all members names is available at the above address. Tait Walker LLP trading as MHA Tait Walker is a member of MHA, an independent member of Baker Tilly International Limited, the members of which are separate and independent legal entities. We would like to take this opportunity of expressing our thanks to your staff for their assistance during the course of our audit. Please note that this report has been prepared for the sole use of Park View Community Centre. It must not be disclosed to third parties, quoted or referred to, without our prior written consent. No responsibility is assumed by us to any other person. If we can be of any further assistance please do not hesitate to contact Brian Laidlaw or Marc Breeze. Yours faithfully, **MHA Tait Walker** Chartered Accountants & Statutory Auditor **Park View Community Centre Year ended 31 August 2021 Appendix 1 – Weaknesses in Accounting and Internal Control Systems** We did not identify any weaknesses in the accounting and internal control system. **Park View Community Centre Year ended 31 August 2021 Appendix 2 – Risks to independence and mitigating factors** |**Potential Independence Risks**|**Safeguards**| |---|---| |**Assisting with the preparation of**|The statutory accounts are prepared by a qualified member of| |**the financial statements**|staff from the clients’ management figures and trial balance| ||and are reviewed by the manager. These provide the basis for| ||the audit work.| ||There are not normally any contentious disclosure issues;| ||however where these arise the relevant notes are approved by| ||the trustees prior to the draft accounts being submitted to the| ||board| **Park View Community Centre Year ended 31 August 2021 Appendix 3 – Prior year weaknesses in Accounting and Internal Control Systems** We did not identify any weaknesses which remain from the prior year. ## **Park View Community Centre Year ended 31 August 2021 Appendix 4 – Adjusted Misstatements** ||**Profit and loss**|**Balance sheet**|**Comments**| |---|---|---|---| ||**Debit/(credit)**|**Debit/(credit)**|| ||**£**|**£**|| |Trade debtors
Accruals||3,930
(3,930)|To accrue current year audit fee| |Income
Deferredincome|2,000|(2,000)|Defer proportion of Chester le Street United annual invoice| |Income
AccruedIncome|(1,168)|1,168|Accrue year end Stripe income| |Income
Reserves|961|(961)|Opening reserves correction| |Trade debtors
Group balances||(6,300)
6,300|Intercompany balance with PVA reclassification| |**Total**|**1,793**|**(1,793)**|| **Park View Community Centre Year ended 31 August 2021 Appendix 5 – Unadjusted Misstatements** There were no unadjusted misstatements identified.