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2020-09-30-accounts

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS For the year ended 30 September 2020

Charity number 1150674

Company number 08172955

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 30 September 2020

The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ended 30 September 2020 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The Centre delivers community services and encourages local participation and ownership from the local area in addressing the issues which affect people’s lives. Our programme incorporates training and education, children, young people and families, leisure and social and health. The board confirm that they have complied with the duty in section 4 of the Charities act 2006 to have due regard to the Charity Commissions general guidance on public benefit when reviewing the aims and objectives and in planning the future activities. In particular, the board considered how planned activities would contribute to the new vision, aims and objectives they have set.

Pottery Bank Community Centre actively works in partnership with other organisations. Our aim is to be a centre managed by local people, for local people, developing and delivering community activities.

ACHIEVEMENTS AND PERFORMANCE

We have been able to establish and deliver a range of courses through our Women Together and CLLD – Home Grown projects. Courses were delivered at Pottery Bank Community Centre for as long as possible, and then adapted in line with COVID safety regulations and lockdown measures. This involved the creation of ‘take home’ packs with full instructions, enabling people to collect from the Centre and carry out the activity as a family at home.

The following courses were delivered:

In addition, Newcastle College continued to deliver accredited courses in five subjects.

We have also worked with external agencies around the theme of health and fitness for families, and in partnership with Foundation Futures in the provision of Health and Well-being courses for Adults and families.

EVENTS:

Several events were held at the Centre during the year, with some being adapted in line with Covid restrictions.

Oct 19 – Feb 20

1

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 30 September 2020

Summer family activities during July and August 2020 were restricted to outdoor small group activities: cooking and growing sessions. All participants received a free food parcel and arts and crafts pack to take home.

In addition, during August 50 Afternoon Tea boxes were donated to local pensioners.

ALLOTMENT VOLUNTEERS AND VISITORS:

Five regular volunteers have supported the Allotment during the year.

During the lockdown period (April – September 2020) local residents were able to visit the Community Allotment to collect free vegetables and to purchase plants and hanging baskets.

PAY AS YOU FEEL SUPERMARKET/EMERGENCY FOOD PARCELS:

Our PAYF supermarket was held weekly between October 2019 and March 2020. This was supported by 30 – 40 people each week. Donations received will be used to fund free activities at the Centre in the future.

Whilst we were unable to run the PAYF supermarket between March and September 2020, supermarket donations supported our weekly food parcels for vulnerable community members. These were either collected from the Centre or delivered to people who were not able to go out. Parcels included fresh produce from our allotment, donations from Fareshare, Magic Hat Cafe and local supermarkets, Tesco bags for life and sanitary items. Essential items which weren’t donated, we were able to purchase through our funds: milk, toiletries, cleaning products and additional food cupboard essentials.

Approximately 110 food parcels were distributed each week between April and June 2020. The Centre reopened in July and we continued to provide food parcels to those in need. We also reopened the PAYF supermarket, including allotment produce but found that people were not donating as they had done before lockdown. Between July and October 2020 approximately 50 food parcels were provided each week covering the following areas: Walker, Walkergate, Byker, Heaton, Wallsend, Shieldfield, Northfield and West Denton.

PLANS FOR FUTURE PERIODS

Plans have needed to be put ‘on hold’ as a result of the pandemic this year.

We intend to develop our allotment space and to develop a Men’s Shed group when circumstances allow for this.

2

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 30 September 2020

We will be sourcing funding for external support through the impact of Covid 19 on the community and the Centre. This will involve funding for Covid recovery coaching, health and well-being support for staff, volunteers and Board members.

We will need to re-evaluate our situation post-Covid and plan accordingly for the future, including establishing funds for core costs and salaries.

ACTIVITIES, PROJECTS AND OUTREACH:

Pottery Bank Community Centre Limited:

The following organisations are placed within Pottery Bank Community Centre:

Community Catering Initiative Limited: cafe and outside catering

Newcastle Central & East Methodist Circuit

Newcastle Community Family Hub East Team @ Pottery Bank

Foundation Futures

3

POTTERY BANK COMMUNITY CENTRE LTD (A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 30 September 2020

Wesley Bingo Association

CHAIR’S COMMENTS

As always, I feel privileged and proud to be a trustee of Pottery Bank Community Centre. Along with all community projects and organisations we have faced an extremely challenging year, having to adapt and re-adapt several times to the restrictions and difficulties caused by the pandemic.

As an organisation, we wish to extend our thanks to all those who have supported us during this time: those who have donated food, essentials and time in support of our community.

I extend my thanks and gratitude to staff, volunteers and Board members who have been prepared to adapt and to deliver the best possible services during this challenging and difficult year. And to our regular visitors who have continued to support us whenever possible.

The pandemic has brought with it many losses both within the Centre and in the wider community. We will all be aware of people who have lost family members or friends to Covid, or have suffered through loss of income, isolation and loneliness.

We need, at this time, to be sensitive to one another. To acknowledge our losses, but also to look forward to a future when we come together again as a strong and caring community.

FINANCIAL REVIEW

The balance sheet at 30 September 2020 shows a total fund position of £116,328 (2019: £60,150). This was represented by Tangible Fixed Assets of £20,097 (2019: £33,166) and net current assets of £96,231 (2019: £34,972). The balance of funds is made up of restricted funds of £91,599 (2019: £50,797) and unrestricted funds of £24,728 (2019: £9,353).

Reserves policy

Pottery Bank Community Centre has maintained a good level of free reserves over the years currently there are £24,728 free reserves to meet the working capital requirements of the charity in the event of a significant drop in funding. It has established a policy whereby the free unrestricted funds held by the charity should be between 3 and 6 months of annual expenditure. The present level of reserves will fall short of this requirement; the trustees are aware of this and are confident of building these funds up through further secured funding

PUBLIC BENEFIT STATEMENT

The Trustees have referred to the Charity Commission's guidance on public benefit when reviewing the charity's objectives and planning its future activities. This annual report will aim to demonstrate the link between our charitable activity and how this benefits our service users.

4

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 30 September 2020

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name Pottery Bank Community Centre Ltd Pottery Bank Community Centre Ltd
Registered Charity 1150674
Number
Company Number 08172955
Registered Office and Pottery Bank Community Centre
operational address Yelverton Crescent
Newcastle Upon Tyne
NE6 3SW
Trustees
P McKenna
C Carroll
K G Davidson Resigned 01 July 2020
L Forster
Independent Michelle Wright
Examiner Connected Voice Business Services
Higham House
Higham, Place
Newcastle upon Tyne
NE1 8AF

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing documents

The organisation is a charitable company limited by guarantee, incorporated on the 10 March 2003 and amended by special resolution to allow for current governance on 7 October 2003, 30 October 2006 and 12 April 2007.

Appointment of Trustees

The directors of the company are also charity trustees for the purpose of charity law and under the company’s Articles are known as members of the Council of Management. The council is made up of volunteers who are all members of the company elected by the membership at Annual General Meeting and serve for a period of three years retiring by rotation. A retiring trustee is eligible for reelection. The council may from time to time and at any time appoint any member of the company as a member of the Council, either to fill a casual vacancy or by way of addition to the Council, provided that the prescribed maximum be not thereby exceeded. Any member so appointed shall retain his office only until the next Annual General Meeting, but he shall then be eligible for reelection. No person who is not a member of the company shall in any circumstances be eligible to hold office as a member of the Council. The Council is referred to familiarly as the Management Committee.

5

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

TRUSTEES ANNUAL REPORT

For the year ended 30 September 2020

Induction and training of trustees

New trustees undergo an orientation day to brief them on their obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making process, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees; they are provided with a comprehensive pack containing all the information covered during induction. All trustees are encouraged to attend appropriate external training events where these facilitate the undertaking of their role.

Organisation

The Board of Directors administers the charity and meets bi-monthly. A centre manager is appointed by the trustees to manage day to day operations of the charity. To facilitate effective operations the centre manager has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and project related activity.

Risk management

The Trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks including the implementation of procedures for authorisation of all transactions and projects and for ensuring the consistent quality of the delivery of all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

STATEMENT OF TRUSTEE RESPONSIBILITIES

The trustees, who are also directors for the purposes of the Companies Act, are also responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for the year. In preparing those financial statements, the trustees are required to:

25/06/21

This report was approved by the Trustees on: ________

and signed on their behalf by: __ ~~~~ ______

Chris Carroll Chair of trustees

6

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 30 September 2020

I report on the financial statements of Pottery Bank Community Centre Ltd for the year ended 30 September 2020, which are set out on pages 8 to 19.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a Fellow of the Association of Charity Independent Examiners.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Michelle Wright Connected Voice Business Services Higham House Higham Place Newcastle upon Tyne NE1 8AF Date: 25/06/21

7

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT)

For the year ended 30 September 2020

6
7
Other trading activities
8
Expenditure on:
9
Total funds carried forward
Reconciliation of funds
Total funds brought forward
Notes
Total income
Donations and legacies
Income from:
Charitable activities
Grants and contracts
Charitable activities
Operation of the charity
Total expenditure
Net income/(expenditure) and net
movement of funds		 Unrestricted
Funds
£
2,524
11,953
31,504
45,981
30,606
30,606
15,375
9,353
24,728		 Restricted
Funds
£
-
193,874
-
193,874
153,072
153,072
40,802
50,797
91,599		 Total
2020
£
2,524
205,828
31,504
239,855
183,678
183,678
56,177
60,150
116,328		 Total
2019
£
5,270
147,091
33,903
186,263
202,044
202,044
( 15,781 )
75,931
60,150

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

The notes on pages 10 to 19 form an integral part of these accounts.

8

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

Charity Number 1150674 Company Number 08172955

BALANCE SHEET

As at 30 September 2020

Fixed assets
Tangible assets
16
Total fixed assets
Current assets
Debtors
17
Cash at bank and in hand
18
Total current assets
Creditors:amounts falling due within
one year
19
Net current assets
Total assets less current liabilities
Creditors:amounts falling due after
more than one year
20
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Restricted income funds
Total funds
Notes		 £
11,565
106,519
118,084
( 21,853 )
-		 Total
2020
£
20,097
20,097
96,231
116,328
116,328
24,728
91,599
116,328		 £
14,695
41,573
56,268
( 21,295 )
( 7,988 )		 Total
2019
£
33,166
33,166
34,972
68,139
60,150
9,353
50,797
60,150

The company was entitled to an exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with the respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

The notes on pages 10 to 19 form an integral part of these accounts.

These financial statements were approved by the Board on: 25/06/21 and are signed on its behalf by: C Carroll Chair

9

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 September 2020

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Pottery Bank Community Centre Ltd meets the definition of a public benefit entity under FRS 102.

2.2 Preparation of the accounts on a going concern basis

The charity reported total unrestricted funds at the year-end of £24,728 and has already secured a significant amount of funding for the current year. The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. In response to the COVID-19 pandemic, the trustees have revised their forecasts to take into account measures that they can take with the current resources available to mitigate the impact of the current adverse conditions. The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

10

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 September 2020

3.4 Donated goods and services

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

Donated services and facilities are included in the SoFA when received at the value of the gift to the charity provided that the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with the equivalent amount recognised as an expense under the appropriate heading in the SoFA.

3.5 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

3.7 Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in donations and legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

3.8 Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

3.9 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of running the community center and other activities undertaken to further the purposes of the charity and their associated support costs.

11

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 September 2020

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

5 Assets

5.1 Tangible fixed assets for use by the charity

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis, the charity does not currently have any tangible fixed

Leasehold property improvements Straight line over life of lease Office and computer equipment Straight line over four years

5.2 Investments

Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.

Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments.

12

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 September 2020

Analysis of income

6
7
8		 Donations and legacies
Charitable activities
Income from grants
COOP
Other trading activities
The National Lottery
Newcastle Fund
Other grants
Rent
Minibus hire
Other hire
Other income
Donations and fundraising
Room hire
Tudor Trust
Community Foundation
Big Lottery Fund
North of Tyne Community Led Local
Development Fund (ESIF)
Awards for All - Big Lottery
Greggs Foundation
Your Home Newcastle		 Unrestricted
Funds
£
2,524
2,524
-
-
-
-
-
-
-
-
-
-
11,953
11,953
2,686
19,898
734
-
8,186
31,504		 Restricted
Funds
£
-
-
-
-
35,929
-
523
10,000
14,474
82,550
43,333
5,100
1,965
193,874
-
-
-
-
-
-		 Total
2020
£
2,524
2,524
-
-
35,929
-
523
10,000
14,474
82,550
43,333
5,100
13,918
205,828
2,686
19,898
734
-
8,186
31,504		 Total
2019
£
5,270
5,270
4,845
31,313
11,314
9,460
-
9,740
-
25,659
43,667
9,996
1,096
147,091
7,730
14,027
2,015
100
10,032
33,903

Income was £239,855 (2019: £186,263) of which £45,981 was unrestricted or designated (2019: £36,545) and £193,874 was restricted (2019: £149,718)

13

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 September 2020

Analysis of expenditure on charitable activities

9 Charitable activities
Direct costs
Activity costs
Support costs
Governance costs
Volunteer expenses
Events
Depreciation
Interest paid
Staff training / conferences
Staff travel / meetings
Project activity fees
Staff salaries
Consultancy
Equipment
Printing, postage & stationery
Cleaning & repairs
Audit & accountancy fees
Insurance
Promotion & publicity
Professional fees
Sundry
Minibus costs
ICT, telephone & internet
Light, heat & water		 Unrestricted
Funds
£
164
-
-
-
11,082
260
-
2,205
2,617
8,449
41
86
1,519
511
1
-
2,142
-
330
1,200
30,606		 Restricted
Funds
£
103,576
6,900
-
19
28,558
1,196
-
-
-
-
-
-
-
-
-
-
-
83
12,740
-
153,072		 Total
2020
£
103,740
6,900
-
19
39,639
1,457
-
2,205
2,617
8,449
41
86
1,519
511
1
-
2,142
83
13,069
1,200
183,678		 Total
2019
£
83,687
25,460
3,735
448
44,256
2,224
10,556
2,344
2,117
4,302
105
920
3,691
956
233
814
1,100
716
13,179
1,200
202,044

Expenditure on charitable activities was £183,678 (2019: £202,044) of which £30,606 was unrestricted or designated (2019: £49,639) and £153,072 was restricted (2019: £152,405)

10 Fees for examination of the accounts

Other accountancy services paid to the examiner
Independent examiner's fees for reporting on the accounts		 2020
£
1,200
762
1,962		 2019
£
1,200
656
1,856

There were no other fees paid to the examiner (2019: £nil)

14

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 September 2020

11 Analysis of staff costs and the cost of key management personnel

Salaries and wages (including redundancies)
Social security costs
Pension costs (defined contribution pension plan)		 2020
£
81,357
4,566
1,956
87,879		 2019
£
72,659
4,415
1,378
78,452

No employee received remuneration above £60,000 (2019: nil)

The key management personnel of the charity, comprise the trustees and the centre manager . The total employee benefits of the key management personnel of the charity were £32,662.

12 Staff numbers

The average monthly head count was 5 staff (2019: 5 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

Charitable activities
The parts of the charity in which the employee's work		 2020
Number
4.0
4.0		 2019
Number
4.0
4.0

13 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

No trustee expenses have been incurred in the year.

Transaction(s) with related parties

There have been no related party transactions in the reporting period.

14 Defined contribution pension scheme

The charitable company contributes to individual private staff pension schemes. The employer's pension costs represent contributions payable by the charity.

15 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

15

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 September 2020

Leasehold
property
16 Tangible fixed assets
improvements
£
Cost
Balance brought forward
267,538
Additions
-
Disposals
-
Balance carried forward
267,538
Depreciation
Basis
SL
Rate
5%
Balance brought forward
235,690
Depreciation charge for year
12,740
Disposals
-
Balance carried forward
248,430
Net book value
Brought forward
31,848
Carried forward
19,108
17 Debtors and prepayments (receivable within 1 year)
2020
£
44
921
8,475
2,125
11,565
18
2020
£
Cash at bank and in hand
106,519
106,519
Other debtors
Cash at bank and in hand
Prepayments
Accrued income
Room hire		 Fixture,
fittings and
equipment
£
19,023
-
-
19,023
RB
25%
17,705
330
-
18,034
1,318
989
2019
£
495
6,379
6,929
892
14,695
2019
£
41,573
41,573		 Total
£
286,561
-
-
286,561
253,395
13,069
-
266,464
33,166
20,097

16

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 September 2020

19 Creditors and accruals (payable within 1 year)

Trade creditors
reditors and accruals (payable after more than 1 year)
Big Issue Loan
Deferred income
Tudor Trust
The National Lottery
Accruals
Other accruals
Independent examination of accounts
Other creditors		 2020
£
276
1,200
460
19,917
-
-
21,853
2020
£
-
-		 2019
£
2,975
1,200
-
12,830
3,333
957
21,295
2019
£
7,988
7,988

20 Creditors and accruals (payable after more than 1 year)

21 Deferred income

Deferred income comprises of advance payments from grants that relate to future periods

Balance brought forward
Balance carried forward
Amount deferred in year
Amount released to income earned from
charitable activities		 2020
£
16,163
( 16,163 )
19,917
19,917

22 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

17

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 September 2020

23 Analysis of charitable funds Analysis of movements in unrestricted funds

Unrestricted funds
General unrestricted fund
Totals		 Fund
balances
brought
forward
£
9,353
9,353		 Incoming
resources
£
45,981
45,981		 Resources
expended
£
( 30,606 )
(30,606)		 Transfers
£
-
-		 Fund
balances
carried
forward
£
24,728
24,728

Purpose of unrestricted funds

General unrestricted fund The 'free reserves' of the charity

Analysis of movement in restricted funds

Restricted funds
Awards for All
Community Fund - Capitalised
North of Tyne Community Led
Local Development Fund (ESIF)
COOP
Greggs Foundation
The National Lottery
Newcastle City Council Ward
Fund
Newcastle Fund
Tudor Trust
Tesco Bags of Help COVID19
Your Homes Newcastle
Totals		 Fund
balances
brought
forward
£
4,582
32,280
-
-
-
9,142
216
-
4,391
-
185
50,797		 Incoming
resources
£
-
-
35,929
523
10,000
82,550
1,215
14,474
43,333
500
5,350
193,874		 Resources
expended
£
( 2,811 )
( 12,740 )
( 12,735 )
-
( 10,000 )
( 61,094 )
( 681 )
( 6,900 )
( 45,445 )
( 272 )
( 394 )
(153,072)		 Transfers
£
-
-
-
-
-
-
-
-
-
-		 Fund
balances
carried
forward
£
1,771
19,540
23,194
523
-
30,599
750
7,574
2,279
228
5,141
91,599

18

POTTERY BANK COMMUNITY CENTRE LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 September 2020

23 Analysis of charitable funds (Continued)

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

Awards for All

Community Fund - Capitalised

North of Tyne Community Led Local Development

To run a project called 'Home Grown'

Capital relates to a grant given in a previous year for alterations to leasehold property, and is being reduced by the amount of depreciation over the life of the lease.

To run a 2 year project called ‘Home Grown’, as well as organisational running costs

COOP

Greggs Foundation The National Lottery

Newcastle City Council Ward Fund Newcastle Fund Tudor Trust Tesco Bags of Help COVID19

Your Homes Newcastle

To provide equipment for our allotment/garden.

This is to fund a part-time cleaner post and a part-time caretaker post.

To run 3 year project called ‘Women Together’

To fund seasonal events.

To fund core running costs and consultancy fees Fund staff salaries

To run 'From Gardening Pot to Cooking Pot' project

24 Capital commitments

As at 30 September 2020, the charity had no capital commitments (2019 -£nil)

25 Analysis of net assets between funds

nalysis of net assets between funds
Long term assets/(liabilities)
Tangible fixed assets
Other net current assets/(liabilities)
Cash at bank and in hand		 Unrestricted
Funds
£
989
22,721
1,019
-
24,729		 Restricted
Funds
£
19,108
83,798
( 11,307 )
-
91,599		 Total
2020
£
20,097
106,519
( 10,288 )
-
116,328		 Total
2019
£
33,166
41,573
( 6,600 )
( 7,988 )
60,151

19

2021-06-25

PBCC YE 2020

Final Audit Report

Created: 2021-06-24 By: Nigel Douglass (nigel.douglass@connectedvoice.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAimfiWKikPlqaLdf7QshF2XYTF9Eq5zXl

"PBCC YE 2020" History

Document created by Nigel Douglass (nigel.douglass@connectedvoice.org.uk) 2021-06-24 - 10:05:55 AM GMT- IP address: 62.31.22.146

Document emailed to Chris Carroll (chriscarroll21@gmail.com) for signature

2021-06-24 - 10:07:14 AM GMT

Email viewed by Chris Carroll (chriscarroll21@gmail.com)

2021-06-24 - 10:11:29 AM GMT- IP address: 66.249.93.216

Document e-signed by Chris Carroll (chriscarroll21@gmail.com)

Signature Date: 2021-06-25 - 8:36:11 AM GMT - Time Source: server- IP address: 92.2.34.130

Document emailed to M Wright (michelle.wright@connectedvoice.org.uk) for signature 2021-06-25 - 8:36:12 AM GMT

Email viewed by M Wright (michelle.wright@connectedvoice.org.uk) 2021-06-25 - 8:46:17 AM GMT- IP address: 62.31.22.146

Document e-signed by M Wright (michelle.wright@connectedvoice.org.uk) Signature Date: 2021-06-25 - 8:47:09 AM GMT - Time Source: server- IP address: 62.31.22.146

Agreement completed.

2021-06-25 - 8:47:09 AM GMT