2021-03-31-accounts - Princes Risborough Centre Ltd

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			Page
Report ofthe	Trustees	1	to	4
Independent	Examiner's Report
Statement of	Financial Activities
Statement of	Financial Position
Statement of	Cash Flows
Notes to the	Statement ofCash Flows
Notes to the	Financial Statements	10 to		18
Detailed Statement of Financial Activities		19	to	20

							2021	2020
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes	F	F	F
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies			3	176,766	63,756	240,522	131,269
Charitable	activities
Day care					323,915		323,915	469,689
Investment	income				70		70	133
Total					500,751	63,756	564,507	601,091
EXPENDITURE ON
Charitable	activities
Day care					403,503	18,049	421,552	439,046
NET INCOME					97,248	45,707	142,955	162,045
Transfers	between	funds		15	(47,457)	47,457
Net movement ln funds					49,791	93,164	142,955	162,045
RECONCILIATION OF FUNDS
Total funds brought		forward			837,202	295,171	1,132,373	970,328
TOTAL FUNDS CARRIED FORWARD					886,993	388,335	1,275,328	1,132,373

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	F			F
FIXEDASSETS
Tangible assets		11	444,777	284,140	728,917	729,681
CURRENT ASSETS
Debtors		12	21,347		21,347	54,906
Cash at bank and	in hand		444,123	104,195	548,318	371,262
			465,470	104,195	569,665	426,168
CREDITORS
Amounts falling due within one year		13	(23,254)		(23,254)	(23,476)
NET CURRENT ASSETS			442,216	104,195	546,411	402,692
TOTAL ASSETS	LESSCURRENT
LIABILITIES			886,993	388,335	1,275,328	1,132,373
NETASSETS			886,993	388,335	1,275,328	1,132,373
FUNDS		15
Unrestricted funds					886,993	837,202
Restricted funds					388,335	295,171
TOTAL FUNDS					1,275,328	1,132,373

				2021	2020
			Notes
Cash flows from	operating	activities
Cash generated from operations				210,205	186,295
Net cash provided	by operating activities			210,205	186,295
Cash flows from	investing	actlvNes
Purchase oftangible fixed assets				(37,219)	(364,050)
Sale oftangible fixed assets				4,000	2,500
Interest received				70	133
Net cash used in	investing activities			(33,149)	(361,417)
Change in cash	and cash	equivalents
In the reporting	period			177,056	(175,122)
Cash and cash equivalents		at the
beginning ofthe	reporting	period		371,262	546,384
Cash and cash equivalents		at the end
ofthe reporting	period			548,318	371,262

RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM	OF NET INCOME TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
			2021	2020
Net income forthe	reporting	period (as per the Statement of
Financial Activities)			142,955	162,045
Adjustments for:
Depreciation charges			33,585	32,141
Loss on disposal offixed assets			398	3,875
Interest received			(70)	(133)
Decrease/(increase)	in debtors		33,559	(17,545)
(Decrease)/increase	in creditors		(222)	5,912
Net cash provided	by operations		210,205	186,295

ANALYSIS OF CHANGES	ANALYSIS OF CHANGES
		At 1.4.20	Cash flow	At 31.3.21
Net cash
Cash at bank and	in hand	371,262	177,056	548,318
		371,262	177,056	548,318
Total		371,262	177,056	548,318

reasonable a	ssurance that the company will comply w	ith conditions attaching to them.
DONATIONS	AND LEGACIES
		2021	2020
		F
Donations		60,541	35,802
Gift aid		8,502	2,186
Legacies			990
Grants		171,479	92,291
		240,522	131,269

	Grants	Grants
	Grants received, included		in the	above	are as	follows:
					Unrestricted		Restricted	2021	2020
									F
	The Sirs Jules Thorn	Charitable		Trust					750
	Groundwork UK						500	500	5,000
	Garfield Weston Foundation								10,000
	Shanley Foundation								5,000
	National I ottery Awards								10,000
	Misboume Lodge								3,000
	Percy Bilton Charity								8,541
	Bucks Masonic Centenary		Fund						4,000
	Kop Hill Climb								3,000
	The Edward Gostling	Foundation							5,000
	Wycombe District Council Co-Op					125	2,103	125 2,103 38,000
	PRTC						1,500	1,500
	Red Kite Housing						7,000	7,000
	Heart of Bucks						9,720	9,720
	Bucks CC						39,682	39,682
	Coronavirus Job Retention		Scheme				110,849	110,849
						125	171,354	171,479	92,291
4.	INVESTMENT INCOME
									2021	2020
	Deposit account interest								70	133
5.	INCOME FROM CHARITABLE			ACTIVITIES
									2021	2020
			Activity
	Lunches Client fees Rent Transport		Day care Day care Day care Day care					4,798 275,928 13,756 29,433		25,232 405,403 12,377 26,677
								323,915		469,689

6.	CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs f	note 7) f	Totals f
	Day care			373,003	48,549	421,552
7.	SUPPORT COSTS
					Governance
				Other f	costs f	Totals f
	Day care			41,929	6,620	48,549
	Support costs, included		in the above, are as follows:
	Other
					2021	2020
						Total
					Day care	activities
	Utilities				10,573	18,822
	Insurance				9,939	12,027
	Telephone				3,381	2,488
	Sundries				100	46
	Administration				3,670	4,301
	I.T.				3,230	2,397
	Waste				2,929	2,888
	Cleaner				6,542	2,641
	Advertising				1,565	11,987
					41,929	57,597
	Governance	costs
					2021	2020
						Total
					Day care f	activities f
	Independent	examination			6,620	7,410
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
					2021f	2020 f
	Depreciation	- owned assets			33,585	32,141
	Deficit on disposal offixed assets				398	3,875

STAFF COSTS
	2021	2020
		F
Wages and salaries Social security costs Other pension costs	254,912 6,443 3,126	259,631 8,425 3,357
	264,481	271,413

2021	2020
26	27

TANGIBLE FIXEDASSET	S
		Fixtures
	Freehold	and	Motor	Computer
	property F	fittings	vehicles F	equipment	Totals f
COST
At 1 April 2020 Additions	439,803	259,179 23,573	119,218 12,398	1,983 1,248	820,183 37,219
Disposals			(7,995)		(7,995)
At 31 March 2021	439,803	282,752	123,621	3,231	849,407
DEPRECIATION
At 1 April 2020 Charge for year Eliminated on disposal	28,996 8,796	15,831 5,660	44,514 18,543 (3,597)	1,161 586	90,502 33,585 (3,597)
At 31 March 2021	37,792	21,491	59,460	1,747	120,490
NET BOOK VALUE
At 31 March 2021	402,011	261,261	64,161	1,484	728,917
At 31 March 2020	410,807	243,348	74,704		729,681

DEBTORS:AMOUNT	S F	ALUNG DUE WITHIN ONE YEAR
			2021	2020
				f.
Trade debtors			16,617	35,469
Other debtors			2,700	3,851
VAT				12,740
Prepayments and accrued		income	2,030	2,846
			21,347	54,906
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
			2021	2020
				E
Trade creditors			11,092	11,671
VAT			184
Other creditors			595	682
Accruals and deferred	income		11,383	11,123
			23,254	23,476

MOVEMENT IN FU
		Net	Transfers
		movement	between	At
	At 1.4.20	in funds	funds	31.3.21
			f.
Unrestricted funds
General fund	500,745	112,988	(256)	613,477
Designated fund property Designated minibus fund Designated fund legacy	177,754 64,300 94,403	(4,040) (11,700)	(47,201)	173,714 52,600 47,202
	837,202	97,248	(47,457)	886,993
Restricted funds
Refurbishment project Bourne End kitchen refurb	274,145 4,898	(5,595) 1,365	256	268,550 6,519
Upper hall refurbishment Minibus fund	6,607 8,541	446	47,201	54,254 8,541
Shed fund	980	(20)		960
Covid		42,511		42,511
Restricted pottery class fund		7,000		7,000
	295,171	45,707	47,457	388,335
TOTAL FUNDS	1,132,373	142,955		1,275,328

Net movem	e	nt in fu	nds, included in the abov	e are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
					E
Unrestricted		funds
General fund				500,751	(387,763)	112,988
Designated		fund property			(4,040)	(4,040)
Designated		minibus	fund		(11,700)	(11,700)
				500,751	(403,503)	97,248
Restricted	funds
Refurbishment project					(5,595)	(5,595)
Bourne End		kitchen	refurb	1,500	(135)	1,365
Upper hall	refurbishment			3,603	(3,157)	446
Shed fund					(20)	(20)
Covid				51,653	(9,142)	42,511
Restricted	pottery class fund			7,000		7,000
				63,756	(18,049)	45,707
TOTAL FUNDS				564,507	(421,552)	142,955

Comparative	s for	movement in fu	nds
				Net	Transfers
				movement	between	At
			At 1.4.19	in funds	funds	31.3.20
				E	F	F
Unrestricted	funds
General fund			444,145	87,602	(31,002)	500,745
Designated	fund property		181,794	(4,040)		177,754
Designated	minibus	fund	41,875	22,425		64,300
Designated	fund legacy		140,614	990	(47,201)	94,403
			808,428	106,977	(78,203)	837,202
Restricted funds
Refurbishment project			161,900	35,136	77,109	274,145
Bourne End	kitchen	refurb		3,804	1,094	4,898
Upper hall refurbishment				6,607		6,607
Minibus fund Shed fund				8,541 980		8,541 '980
			161,900	55,068	78,203	295,171
TOTAL FUNDS			970,328	162,045		1,132,373

Comparative	net mo	vement in funds, includ	ed in the above are as follows	:
			Incoming	Resources	Movement
			resources	expended	in funds f
Unrestricted	funds
General fund			499,422	(411,820)	87,602
Designated	fund property			(4,040)	(4,040)
Designated	minibus	fund	38,000	(15,575)	22,425
Designated	fund legacy		990		990
			538,412	(431,435)	106,977
Restricted funds
Refurbishment project			40,731	(5,595)	35,136
Bourne End	kitchen	refurb	5,800	(1,996)	3,804
Upper hall refurbishment			6,607		6,607
Minibus fund			8,541		8,541
Shed fund			1,000	(20)	980
			62,679	(7,611)	55,068
TOTAL FUNDS			601,091	(439,046)	162,045
Designated	Funds

			2021	2020
INCOME AND ENDOWMENTS
Donations	and	legacies
Donations			60,541	35,802
GiR aid			8,502	2,186
Legacies				990
Grants			171,479	92,291
			240,522	131,269
Investment	Income
Deposit account		interest	70	133
Charitable	activities
Lunches			4,798	25,232
Client fees			275,928	405,403
Rent			13,756	12,377
Tt'ansport			29,433	26,677
			323,915	469,689
Total incoming		resources	564,507	601,091
EXPENDITURE
Charitable	activities
Wages			254,912	259,631
Social security			6,443	8,425
Pensions			3,126	3,357
Kitchen			4,728	10,842
Activities			43,479	12,925
Bad debts			503	6,137
Transport			5,589	11,022
Repairs and	maintenance		20,240	25,671
Legal and professional				13
Depreciation	offreehold property		8,796	4,040
Depreciation	of	plant and machinery	586	274
Depreciation	offixtures and fittings		5,660	9,945
Depreciation	of	motor vehicles	18,543	17,882
Loss on sale oftangible fixed assets			398	3,875
			373,003	374,039
Support costs
Other
Utilities			10,573	18,822
Carried forward			10,573	18,822

			2021f	2020f
Other
Brought forward			10,573	18,822
Insurance			9,939	12,027
Telephone			3,381	2,488
Sundries			100	46
Administration			3,670	4,301
I.T.			3,230	2,397
Waste			2,929	2,888
Cleaner			6,542	2,641
Advertising			1,565	11,987
			41,929	57,597
Governance		costs
Independent	examination		6,620	7,410
Total resources		expended	421,552	439,046
Net income			142,955	162,045