## **AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **ACCOUNTS**
## **YEAR ENDED 31 MARCH 2022**
**Charity Number 1151356**
**Company Registration Number 07960991**
**AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
|**CONTENTS**|**PAGE**|
|---|---|
|Legal and Administrative Information|**1 to 2**|
|Trustees annual report|**3 to 6**|
|Independent Examiner’s Report|**7**|
|Statement of financial activities|**8**|
|Balance sheet|**9**|
|Notes to the Accounts|**10 to 17**|
**- 1 -**
**AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **Legal and administrative information**
## **YEAR ENDED 31 MARCH 2022**
## **Status**
Avonmouth Community Centre Association is a company limited by guarantee (registration number 07960991) and granted charitable status by the Charity Commission on 25th March 2013 under number 1151356 and governed by its Memorandum and Articles of Association.
## **Trustees and Directors**
Trustees, who are also directors under company law, who served during the year and up to the date of signing the financial statements were:
Judith Hadley Chairperson Patricia Maule Carole Moloney Lynne Wielding Alice Chipasi appointed 21 July 2021 Sarah Benenna appointed 7 December 2021 John Windsor appointed 21 July 2022
## **Secretary**
Judith Hadley
## **Registered Office**
257 Avonmouth Road Avonmouth Village Bristol BS11 9EN
## **Independent Examiners**
Joanne Trowbridge MAAT Bristol Community Accountants CIC The Park, Daventry Road, Knowle Bristol BS4 1DQ
## **Bankers**
Lloyds TSB Westbury-on-Trym Bristol
**- 2 -**
## **AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **TRUSTEES REPORT**
## **YEAR ENDED 31 MARCH 2022**
The Trustees, who are also Directors of the Charity for the purposes of the Companies Act, submit their report and independently examined financial statements for the year ended 31[st] March 2022.
Reference and administrative information set out on page 2 forms part of this report. 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 2015).
## **Structure, Governance and Management**
## **Organisation**
Avonmouth Community Centre Association is an incorporated charity, set up to continue the work of Avonmouth Community Centre Association, an unincorporated charity. The charitable aims remain fundamentally unchanged. The activities, assets and liabilities of Avonmouth Community Centre Association were transferred to the incorporated charity on 16[th] April 2014.
The Trustees are appointed or reappointed annually at the AGM.
## **Objectives and activities**
## **Objects of the Charity**
The objects of the charity are:
a) To promote the benefit of the inhabitants of Avonmouth without distinction of sex, sexual orientation, race or of political religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.
b) To establish or secure the establishment of a community centre, and to maintain and manage the same (whether alone or in co-operation with the local authority or other person or body) in furtherance of these objects.
Further to these, it is our mission…
_That all residents living in the Bristol ward of Avonmouth enjoy a high quality of life, are able to achieve their economic, social and educational goals, and are part of a strong, prosperous and caring local community._
_To manage a community building which provides high quality facilities and a range of activities, that is accessible to all sections of the local community._
_To continuously develop and update the building, to meet the changing needs and expectations of the community, both now and in the future._
_To provide accommodation for local community groups and public sector organisations, in_
**- 3 -**
**AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **TRUSTEES REPORT**
## **YEAR ENDED 31 MARCH 2022**
_order to enhance local services for residents, particularly for those people who are disadvantaged, vulnerable or who face difficulties accessing provision appropriate to their particular needs and circumstances._
_To develop activities that increase participation in civic life, including through providing local residents with opportunities for self-development, volunteering and involvement in local decision-making._
## **Public Benefit**
In shaping the objectives for the year and planning activities, the trustees have considered the Charity commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
## **Review of activities**
The Centre remained closed due to Covid until June 2021. The Centre held a Welcome Back Tea on 17th June 2021. Subsequent to that Thursday Lunch Club resumed on 24th June with much excitement for the members. Supertots resumed with Sarah, early years worker ensuring safe space for those who returned. A new group, La Leche, for breast feeding support began to meet.
The Wednesday Soup lunch turned into Takeaway Soup and was welcomed back by residents and those working nearby.
The Centre continued to offer support for those isolating from Covid, including shopping, collecting prescriptions and phone calls. The takeaway soup became a delivery to homes which was well received. This work continued right through into early 2022.
Funding from Quartet Funding for the Future was received which enabled the Centre to appoint a Bookings and Marketing Co-ordinator for a year and Jo Sergeant began on 5th July 2021. There was also money given to enable a Marketing strategy to be developed.
John Burns retired as Caretaker on 1st August 2021 and was not replaced.
Jac Blacker, Manager of the Centre, left on 19th August 2021 after seven years and this was a significant moment for the Centre. She oversaw the renovation of the buildings and her fundraising enabled the Centre to secure the finances for her replacement as well as enable the renovations.
The board received help from Vivid Regeneration for recruitment and an action plan going forward which included advice and support for strengthening the governance structures. The current staff stepping in to enable the day to day running of the Centre until a new manager could be employed. It was a time of upheaval as the staff shouldered the extra burden of work as well as the reopening after Covid.
The Knitting and Crochet group resumed meeting in July. The Ladies Club and Genealogy group resumed in September as slowly groups returned to meeting in person. Towards the end of September, the Art Group began to meet again.
**- 4 -**
## **AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **TRUSTEES REPORT**
## **YEAR ENDED 31 MARCH 2022**
Outside groups began to hire space from September. The Redeemed Christian Church of God returned in September meeting every Sunday. A new Jiujitsu class began to meet on Tuesdays and Thursdays each week. The weekly Line dancing group began to meet again.
The centre participated in the Macmillan Coffee morning raising money for the cause and on 2nd October held a Fun Palace with a range of fun activities.
Various business bookings were hosted and private parties took place ensuring that the community had access to the buildings and income generation began to pick up again including Chair Yoga on a Friday morning.
A trip to the SS Great Britain for the lunch club was arranged and organised by John Polatch the Communities Officer of the SS Great Britain Trust.
Unfortunately, the Ballet classes ended at the Centre during November. We hosted the Cystic Fibrosis Team holding a food event for families. Young at Heart returned on a Friday.
The lunch club held their Christmas Dinner in December which was also attended by Severnside Rail Partnership and GWR which resulted in a £25,000 donation towards the completion of the Heating system as the next part of the renovation. The turkey, crackers and gateaux were donated by a local paint business.
In January the recruitment process began in earnest for a new manager and an appointment was made mid-January with the new Manager beginning on 1st March. In the meantime, Carole Rendell resigned as Admin assistant.
Severnet Business Breakfast was hosted at the Centre on 17th February with an opportunity to show off the newly renovated premises. The Library reopened on 14th February with an evening event held for residents on 1st March with a good attendance and great celebration.
## Reserves policy and risk management
The trustees have identified one of the risks associated with the Community Asset Transfer (C.A.T) is that the Association may not, in future years, have sufficient funds to continue to service the Community Centre, employ staff and subsidise projects. Previous Trustee reports have noted the importance of the Bristol Impact Fund (BIF) grant from Bristol City Council for core staff costs and the necessity to build resilience so that we are able to meet our commitments if this funding should no longer be available.
The Trustees are aware that it is prudent to have unrestricted funds available to cover basic running costs and continue to work towards this. This reserve is to safeguard a continuation of activity whilst further funding is sought for core or project costs. The charity aims to have reserves equal to at least 6 months operating costs which equates to around £40,000.
The Trustees have examined the major risks to which the charity is exposed, and systems have been established to mitigate those risks. These procedures will be periodically reviewed to ensure that they still meet the needs of the charity.
**- 5 -**
**AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **TRUSTEES REPORT**
## **YEAR ENDED 31 MARCH 2022**
## **Trustees’ responsibilities in relation to the financial statements**
The trustees (who are also directors of Avonmouth Community Centre Association for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees confirm that to the best of their knowledge there is no information relevant to the independent examination of which the examiners are unaware. The trustees also confirm that they have taken all necessary steps to ensure that they themselves are aware of all relevant examination information and that this information has been communicated to the examiners.
## **Independent examiners**
Joanne Trowbridge of Bristol Community Accountants CIC was appointed as the charitable company’s independent examiner during the year. Joanne Trowbridge is a member the Association of Accounting Technicians.
Signed by order of the Trustees
…………………………………………….
Judith Hadley - Chairperson Date ………………………………2022
**- 6 -**
**AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **YEAR ENDED 31 MARCH 2022**
**Independent examiner’s report to the trustees of Avonmouth Community Centre Association (‘the Company’)**
I report on the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and 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.
Joanne Trowbridge MAAT ………………………………… ………………………2022
Bristol Community Accountants CIC The Park, Daventry Road, Knowle, Bristol, BS4 1DQ
**- 7 -**
## **AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)**
## **YEAR ENDED 31 MARCH 2022**
|**Note**
**Incoming and Endowments from:**
Donations and Legacies
**3**
Other Trading Activities
**4**
Investments
**5**
**Total**
**Expenditure On:**
_Charitable activities_
**6**
_Other_
**7**
**Total**
**Net income/(expenditure)**
Transfers between funds
**Net movement in funds**
**Reconciliation of Funds:**
Total funds brought forward
**Total funds Carried Forward**
**14**|**Unrestricted**
**Funds**
**£**
60,238
19,175
7|**Restricted**
**Funds**
**£**
94,823
-
-|**Total Funds**
**2022**
**£**
155,061
19,175
7|Restated
Total Funds
2021
**£**
124,730
2,093
25|
|---|---|---|---|---|
||79,420|94,823|174,243|126,848|
||107,122
4,492|31,626
-|138,748
4,492|64,123
11,826|
||111,614|31,626|143,240|75,949|
||(32,194)
1,864
(30,330)
366,500|63,197
(1,864)
61,333
26,386|31,003
-
31,003
392,886|50,899
-
50,899
341,987|
||336,170|87,719|423,889|392,886|
All of the activities of the charity are classed as continuing
## **The notes on pages 10 to 17 form part of these financial statements**
As required by paragraph 4.67 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
** See note 16 for full comparative for 2021
**- 8 -**
## **AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **BALANCE SHEET**
## **YEAR ENDED 31 MARCH 2022**
|**YEAR ENDED 31 MARCH 2022**||||
|---|---|---|---|
|**Note**
**Fixed assets**
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
_Total current assets_
**Creditors : Amounts falling**
**due within one year**
**13**
_Net Current assets or liabilities_
**_Total net assets or liabilities_**
**The Funds of the Charity**
Restricted funds
**14**
Unrestricted funds
**14**
**_Total charity funds_**|1,243
159,628|**2022**
**£**
275,678
148,211|Restated
**2021**
**£**
306,709
346
109,188|
||160,871
(12,660)||109,534
(23,357)|
||87,719
336,170|||
||||86,177|
|||423,889|392,886|
||||26,386
366,500|
|||||
|||423,889|392,886|
The directors are satisfied that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors' responsibilities:
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 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.
These financial statements were approved by the trustees on ………………. and are signed on their behalf by:
………………………………. …………………………… Judith Hadley - Chair of trustees Carole Moloney - Treasurer
**The notes on pages 10 to 17 form part of these financial statements**
**- 9 -**
**AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
## **1 Basis of Preparation**
- a) 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 financial statements 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) (issued on 16 July 2014), as amended by Update Bulletin 2 published in October 2018, effective for accounting periods beginning on or after 1 January 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
- b) Preparation of the accounts on a going concern basis
At 31 March 2022, the charity had total funds of £423,889 (2021: £392,886 re-stated as per note 18). Restricted fund amounted to £87,719 (2021: 26,386). The free reserves of the charity, being unrestricted general reserves less fixed assets held in general reserves, totalled £60,492 (2021: £59,791). The target for free reserves is to hold 6 months of running costs, which currently equates to around £40,000.
The impact of the global Coronavirus pandemic has continued to reduce and the charity began returning to 'business as usual' from April 2021, and the trustees, therefore have a reasonable expectation that the charity remains a going concern. The accounts have therefore been prepared on the going concern basis.
- c) The charity meets the definition of a public benefit entity as defined by FRS 102.
## **2 Accounting Policies**
- a) Income from donations/grants is included in income and endowments when these are receivable, except as follows:
i) When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods.
ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-condition have been met.
- b) Expenditure is recognised in the period in which they are incurred. Expenditure includes attributable VAT which cannot be recovered.
- c) Most expenditure is directly attributable to specific activities, and have been included in those cost categories. Support cost have been allocated 100% towards the charitable activities of the charity.
- d) Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
- e) Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
- f) Individual assets are capitalised at cost. Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:
Fixtures and fittings 10% reducing balance Computer equipment 3 years straight line Leasehold improvements over 10 years straight line
- g) The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
- h) The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Pension costs charged in the financial statements represent the contribution payable by the charitable company during the year.
**- 10 -**
**AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
## **Income and Endowments From:**
## **3 Donations and Legacies**
|Donations
Grants
Miscellaneous income
JRS Scheme
_Donations and Legacies prior year_
Grants
JRS Scheme
**Other Trading Income**
Room Hire
Lunch Club
_Other Trading Income prior year_
_Room Hire_
**Investments**
Bank Interest
_Investments prior year_
_Bank Interest_|**Unrestricted**
**Funds**
**£**
197
56,490
638
2,913|**Restricted**
**Funds**
**£**
-
94,823
-
-|**Total Funds**
**2022**
**£**
197
151,313
638
2,913|**Total Funds**
**2021**
**£**
-
114,867
-
9,863|
|---|---|---|---|---|
||60,238|94,823|155,061|124,730|
||_Unrestricted_
_Funds_
_£_
62,977
9,863|_Restricted_
_Funds_
_£_
51,890
-|_Total Funds_
_2021_
_£_
114,867
9,863|**Total Funds**
**2021**
**£**
2,093
-|
||_72,840_|_51,890_|_124,730_||
||**Unrestricted**
**Funds**
**£**
19,175
-|**Restricted**
**Funds**
**£**
-
-|**Total Funds**
**2022**
**£**
19,175
-||
||19,175|-|19,175|2,093|
||_Unrestricted_
_Funds_
_£_
_2,093_|_Restricted_
_Funds_
_£_
_-_|_Total Funds_
_2021_
_£_
_2,093_|**Total Funds**
**2021**
**£**|
||_2,093_|_-_|_2,093_||
||**Unrestricted**
**Funds**
**£**|**Restricted**
**Funds**
**£**|**Total Funds**
**2022**
**£**||
||7|-|7|25|
||_Unrestricted_
_Funds_
_£_|_Restricted_
_Funds_
_£_|_Total Funds_
_2021_
_£_||
||_25_|_-_|_25_||
## **4 Other Trading Income**
## **5 Investments**
**- 11 -**
**AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
## **Expenditure on:**
|**6**
**Charitable activities**
Projects & Activities
Wages & Sessional Workers
Telephone & IT
Utilities
Cleaning & Catering Supplies
Miscellaneous
Rates
Repairs & Renewals
Postage/ Stationery
Payroll
Subscriptions & Memberships
Employee Expenses
Training
Depreciation
Insurance
Bank Charges
Repaid Grant
Advertising and Promotional
Bad Debt
_Charitable activities prior year_
_Projects & Activities_
_Wages & Sessional Workers_
_Telephone & IT_
_Travel & Subsistence_
_Cleaning & Catering Supplies_
_Miscellaneous_
_Repairs & Renewals_
_Postage/ Stationery_
_Payroll_
_Subscriptions & Memberships_
_Depreciation_
_Insurance_
_Bank Charges_
_Repaid Grant_
_Bad Debt_|**Unrestricted**
**Funds**
**£**
2,590
31,589
1,118
22,718
1,248
-
328
10,053
110
1,509
868
618
492
31,031
2,392
140
-
318
-|restated
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
-
2,590
411
24,626
56,215
50,713
-
1,118
2,331
-
22,718
-
-
1,248
864
-
-
602
-
328
-
-
10,053
2,551
-
110
50
-
1,509
2,023
-
868
461
-
618
-
-
492
-
-
31,031
565
-
2,392
2,347
-
140
105
7,000
7,000
100
-
318
-
-
-
1,000|
|---|---|---|
||107,122|31,626
138,430
64,123|
||_Unrestricted_
_Funds_
_£_
_411_
_24,378_
_1,191_
_-_
_864_
_602_
_2,551_
_50_
_2,023_
_461_
_565_
_2,347_
_105_
_100_
_1,000_|_Restricted_
_Total Funds_
_Funds_
_2021_
_£_
_£_
_-_
_411_
_26,335_
_50,713_
_1,140_
_2,331_
_-_
_-_
_-_
_864_
_-_
_602_
_-_
_2,551_
_-_
_50_
_-_
_2,023_
_-_
_461_
_-_
_565_
_-_
_2,347_
_-_
_105_
_-_
_100_
_-_
_1,000_
_27,475_
_64,123_|
||_36,648_||
**- 12 -**
**AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
## **7 Other**
|Accountancy Fee
Professional Fees
_Other prior year_
_Independent Examination Fees_
_Professional Fees_
**This is stated after charging:**
Depreciation
Independent examination fees
**Staff costs and numbers**
The aggregate payroll costs were:
Wages and salaries
Social Security Costs
Pension Cost|**Unrestricted**
**Funds**
**£**
1,175
3,317|**Restricted**
**Funds**
**£**
-
-|**Total Funds**
**2022**
**£**
1,175
3,317|**Total Funds**
**2021**
**£**
1,056
10,770|
|---|---|---|---|---|
||4,492|-|4,492|11,826|
||_Unrestricted_
_Funds_
_£_
1,056
1,100|_Restricted_
_Funds_
_£_
-
9,670|_Total Funds_
_2021_
_£_
1,056
10,770|**2021**
**£**
565
827|
||_2,156_|_9,670_|_11,826_||
||||**2022**
**£**
31,031
1,175||
||||**2022**
**£**
56,215
-
-|**2021**
**£**
50,124
-
589|
||||56,215|50,713|
## **8 Staff costs and numbers**
No employee received emoluments of more than £60,000 (2021: £Nil)
The average monthly head count was 9 staff (2021: 9 staff)
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £nil) neither were they reimbursed expenses during the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).
The key management personnel of the charity comprise the board of trustees & the Centre Manager. The total employee benefits of key management personnel, during the year, total £26,470 (2021: £26,470).
**- 13 -**
## **AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
## **9 Related Party Transactions**
There were no related party transactions during the year (2021: £Nil)
## **10 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 Chargable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **11 Tangible fixed assets**
|**Cost**
At 1 April 2021
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the period
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021
**12**
**Debtors**
Prepayments and other debtors
**13**
**Creditors: amounts falling due within one**
Trade Creditors
Funds held
Pension
PAYE
Accruals|**Leasehold**
**Fixtures**
**Improvements**
**& Fittings**
£
**£**
304,829
3,097|**Leasehold**
**Fixtures**
**Improvements**
**& Fittings**
£
**£**
304,829
3,097|**Computer**
**£**
2,046|**Total**
**£**
309,972|
|---|---|---|---|---|
||304,829|3,097|2,046|619,944|
||-
30,483|1,617
148|1,646
400|3,263
31,031|
||30,483|1,765|2,046|34,294|
||274,346|1,332|-|275,678|
||304,829|1,480|400|306,709|
||**year**||**2022**
**£**
1,243|**2021**
**£**
346|
||||1,243|346|
||||**2022**
**£**
-
10,840
-
645
1,175|**2021**
£
1,481
20,000
464
442
970|
||||12,660|23,357|
**- 14 -**
## **AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
|**14**
**Analysis of Charitable Funds**
**Restricted funds**
Quartet - Funding the Future
Avonloud Mouth
Linkage
Kick Start
Bristol City Council Impact Fund
Bristol City Council
Your Holiday Hub
Community Grant Programme
Quartet Community Foundation
**Unrestricted funds**
General Funds
**Designated funds**
Capital asset depreciation fund
**Total Unrestricted Funds**
**Total funds**|**At**
**01-Apr**
**2021**
**£**
7,332
4,000
1,864
1,630
4,560
-
-
-
7,000|**Incoming**
**resources**
**£**
23,348
-
-
-
-
42,475
4,000
25,000
-|**Outgoing**
**resources**
**£**
(11,527)
(4,000)
-
-
(4,560)
(2,552)
(1,987)
-
(7,000)|**Transfers/**
**Gains**
**£**
-
-
(1,864)
-
-
-
-
-
-|**At**
**31-Mar**
**2022**
**£**
19,153
-
-
1,630
-
39,923
2,013
25,000
-|
|---|---|---|---|---|---|
||26,386|94,823|(31,626)|(1,864)|87,719|
||59,791
306,709|79,420
-|(80,583)
(31,031)|1,864
-|60,492
275,678|
||366,500|79,420|(111,614)|1,864|336,170|
|||||||
||392,886|174,243|(143,240)|-|423,889|
## **Purpose of designated funds**
Capital assets depreciation fund represents the value of leasehold property improvements held on the balance sheet at year end which are designated on the basis that the underlying assets could not be sold by the charity.
## **Restricted Funds:**
Quartet - Funding the Future - Employment of part-time development worker and development training for board and manager.
Bristol Impact Fund - enabling local people to enhance their health and wellbeing. Avonloud Mouth
Linkage - Mens group
Bristol City Council - Centre Managers Salary costs and Your Holiday Hub in July/August 2021 Kick Start - Avonmouth Health Improvement action plan
Community Grant Programme - Heating repairs
Quartet Community Foundation - No Child Goes Hungry Project
## **Transfer between funds**
Contribution towards project costs identified as unrestricted expenditure in previous years.
**- 15 -**
## **AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
## **15 Analysis of net assets between funds**
|Fixed Assets
Cash at Bank and In Hand
Other Net Current Assets/Liabilities)
**Total**|**General**
**Funds**
**£**
275,678
(203,769)
(11,417)|**Restricted**
**Funds**
**£**
-
87,719
-|**Designated**
**Total**
**Funds**
**Funds**
**£**
**£**
-
275,678
275,678
159,628
-
(11,417)
275,678
423,889|
|---|---|---|---|
||60,492|87,719||
## **16 Analysis of Charitable Funds - Previous Year** (as required by paragraph 4.2. of the SORP)
|**Incoming and Endowments from:**
Donations and Legacies
Other Trading Activities
Investments
**Total**
**Expenditure On:**
_Charitable activities_
_Other_
**Total**
**Net income/(expenditure)**
Transfers between funds
**Net movement in funds**
**Reconciliation of Funds:**
Total funds brought forward
**Total funds Carried Forward**|**Unrestricted**
**Funds**
**£**
72,840
2,093
25|**Restricted**
**Funds**
**£**
51,890
-
-|restated
**Total Funds**
**2021**
**£**
124,730
2,093
25|
|---|---|---|---|
||74,958|51,890|126,848|
||36,648
11,826|27,475
-|64,123
11,826|
||48,474|27,475|75,949|
||26,484
160,777
187,261
179,239|24,415
(160,777)
(136,362)
162,748|50,899
-
50,899
341,987|
||366,500|26,386|392,886|
## **17 Company limited by guarantee**
The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £1 each.
**-16 -**
## **AVONMOUTH COMMUNITY CENTRE ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2022**
## **18 Prior year adjustment**
The prior year comparatives have been restated to recognise the significant capital spend during the prior year as a leasehold improvement asset on the balance sheet. A designated capital asset depreciation fund has been introduced to enable to readers of the accounts to clearly identify free reserves.
|leasehold improvement asset on the balance sheet. A designated capital asset depreciation
enable to readers of the accounts to clearly identify free reserves.|fund has been introduced to|
|---|---|
|Funds b/fwd prior to adjustment
Fund b/fwd after prior year adjustment
Recognition of leasehold improvement asset|**General**
**Total**
**funds**
**funds**
**£**
**£**
61,671
88,057
304,829
304,829|
||366,500
392,886|
**- 17 -**