| PAGE | ||||
|---|---|---|---|---|
| CONTENTS: | : | |||
| Administrative | Details | |||
| Trustees' Report | 2-4 | |||
| Independent | Examiner's | Report | ||
| Statement of | Financial Activities | |||
| Balance Sheet | ||||
| Statement of | Cash Flows | |||
| Notes to the | Financial Statements | 9-16 | ||
| Detailed Income and Expenditure | Account | 17 |
| TRUSTEES: | Councillor RWest | |||
|---|---|---|---|---|
| Mr G Christy | ||||
| Councillor C Boden | ||||
| Mrs I Scotten | ||||
| Councillor C Seaton |
||||
| CHARITY NUMBER; | 1151445 | |||
| COMPANY NUMBER: | CE000317 | |||
| PRINCIPAL ADDRESS: | 5 Martin Avenue | |||
| March | ||||
| Cambs | ||||
| PE15 OAY | ||||
| INDEPENDENT EXAMINER: | Ian W Siupley FCCA | |||
| Prentis &CoI.LP | ||||
| Chartered Accountants |
and Independent | Examiners | ||
| 115cMilton Road | ||||
| Cambridge | ||||
| CB4 IXE | ||||
| Barclays Bank Pic | ||||
| I Churchill Place |
||||
| London | ||||
| E145HP | ||||
| SOLICITORS; | Kenneth Bush Solicitors | |||
| 11New Conduit | Street | |||
| Kings Lynn | ||||
| Norfolk | ||||
| PE30 IDG |
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| 31st | 31st | 31st | 31st | 31st | 31st | |||
| March | March | March | March | March | March | |||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
| Notes | g | g | ||||||
| INCOME AND | ENDOWMENTS; | |||||||
| Donations and |
legacies | 3 | 204 | 5,719 | 5,923 | 13,642 | 13,642 | |
| Charitable activities |
4 | 35,686 | 424,006 | 459,692 | 33,153 | 564,174 | 597,327 | |
| Investments | 5 | 3 | 3 | 757 | 757 | |||
| Other income | 6 | 86,804 | 86,804 | 51,014 | 1,616,042 | 1,667,056 | ||
| TOTAL INCOME | 35,890 | 516,532 | 552,422 | 84,167 | 2,194,615 | 2,278,782 | ||
| EXPENDITURE: | ||||||||
| Charitable activities |
7 | 12,903 | 666,145 | 679,048 | 20,141 | 1,197,120 | 1,217,261 | |
| NET INCOME | FOR THE YEAR | |||||||
| Net movement | in funds | 22,987 | (149,613) | (126,626) | 64,026 | 997,495 | 1,061,521 | |
| Fund balances | at 1st April 2021 | 64,026 | 1,327,885 | 1,391,911 | 330,390 | 330,390 | ||
| Fund balances | at 31st March 2022 | 18 | 87,013 | 1,178,272 | 1,265,285 | 64,026 | 1,327,885 | 1,391,911 |
| BALANCESHBBT | ||||||
|---|---|---|---|---|---|---|
| 31stMarch | 31stMarch | |||||
| 2022 | 2021 | |||||
| Notes | 6 | 6 | 6 | 6 | ||
| PIXEDASSETS Tangible assets |
926,651 | 1,016,839 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 114,488 | 209,783 | ||||
| Cash at bank and in |
hand | 252,692 | 226,486 | |||
| 367,180 | 436,269 | |||||
| Creditors: amounts falling due within one year |
13 | (28,546) | (61,197) | |||
| NBT CURRENT ASSETS | 338r634 | 375,072 | ||||
| Total assets less cunent liabilities | 1,265,285 | 1,391,911 | ||||
| INCOME FUNDS Unrestricted funds |
18 | 1,178,272 | 1,327,885 | |||
| Restricted funds |
87,013 | 64,026 | ||||
| 1,265,285 | 1,391,911 |
| STATEMENT OF CASH | FLOW | S | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Total | Total | |||||
| Note | ||||||
| Net cash used in operating | activities | 15 | (230831) | I 026 167 | ||
| Cash flows form investing Interest received |
activities: | 3 | 757 | |||
| Purchase offixed assets | (10,466) | (890,371) | ||||
| Sale offixed assets | 267,500 | 20,251 | ||||
| Net cash provided by investing |
activities | 257,037 | (869,363) | |||
| Change in cash and cash equivalents |
in the year | 26,206 | 156,804 | |||
| Cash and cash equivalents ofthe reporting period |
at the | beginning | 226,486 | 69,682 | ||
| Cash and cash equivalents reporting year |
at the | end | ofthe | 252,692 | 226,486 |
| NOTES | TO THE FINANCIAL STATEMENTS | TO THE FINANCIAL STATEMENTS | TO THE FINANCIAL STATEMENTS | TO THE FINANCIAL STATEMENTS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CHARITABLE ACTIVITIES | Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | ||||
| Funds | Funds | Funds | Funds | Funds | Funds | |||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||||
| Community | Transport | 2,216 | 424,006 | 426,222 | 33,153 | 564,174 | 597,327 | |||
| Community | Hub | 33,470 | 33,470 | |||||||
| 35,686 | 424,006 | 459,692 | 33,153 | 564,174 | 597,327 | |||||
| 5. | INVESTMENTS | Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | |||
| Funds | Funds | Funds | Funds | Funds | Funds | |||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||||
| f | ||||||||||
| Interest receivable | 3 | 3 | 757 | 757 | ||||||
| OTHER INCOME | Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | ||||
| Funds | Funds | Funds | Funds | Funds | Funds | |||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||||
| f | ||||||||||
| Net gain on | disposal | oftangible | ||||||||
| fixed assets | 64,483 | 64,483 | 808 | 808 | ||||||
| Funds and donations | from merged | |||||||||
| associates | 51,014 | 1,418,571 | 1,469,585 | |||||||
| Government | grants | 22,321 | 22,321 | 196,663 | 196,663 | |||||
| 86,804 | 86,804 | 51,014 | 1,616,042 | 1,667,056 | ||||||
| CHARITABLE ACTIVITIES | Restricted | Um estricted | Total | Restricted | Unrestricted | Total | ||||
| Funds | Funds | Funds | Funds | Funds | Funds | |||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||||
| 6 | ||||||||||
| Staff costs | 2 216 | 326,176 | 328,392 | 658,363 | 658,363 | |||||
| Depreciation | and | impairment | 56,651 | 56,651 | 132,665 | 132,665 | ||||
| Vehicle hire | 118,926 | 118,926 | 133,600 | 133,600 | ||||||
| Vehicle running costs |
108,235 | 108,235 | 542 | 135,974 | 136,516 | |||||
| Community | Hub | and | depreciation of | |||||||
| Hub assets | 10,687 | 10,687 | 19,599 | 19,599 | ||||||
| 12,903 | 609,988 | 622,891 | 20,141 | 1,060,602 | ],080,743 | |||||
| Share ofsupport | costs (note 8) | 37,497 | 37,497 | 90,723 | 90,723 | |||||
| Share ofgovernance | costs (note 8) | 18,660 | 18,660 | 45,795 | 45,795 | |||||
| 12,903 | 666,145 | 679,048 | 20,141 | 1,197,120 | 1,217,261 |
| SUPPORT | COSTS | Support | Governance | Total | Support | Governance | Total | |
|---|---|---|---|---|---|---|---|---|
| Costs | Costs | 2022 | Costs | Costs | 2021 | |||
| f. | ||||||||
| Rent | 520 | 520 | 520 | 520 | ||||
| Rates | 2,763 | 2,763 | 3,604 | 3,604 | ||||
| Light, heat | and power | 8,217 | 8,217 | 10,083 | 10,083 | |||
| Insurance | 6,423 | 6,423 | 12,522 | 12,522 | ||||
| Repairs and renewals |
1,703 | 1,703 | 25,251 | 25,251 | ||||
| Telephone | and fax | 2,756 | 2,756 | 4,286 | 4,286 | |||
| Computer | software | and maintenance | 3,636 | 3,636 | 7,968 | 7,968 | ||
| Printing, postage and stationery |
5,247 | 5,247 | 9,835 | 9,835 | ||||
| Sundry expenses | 3,530 | 3,530 | 2,500 | 2,500 | ||||
| Bank charges | 1,642 | 1,642 | 4,562 | 4,562 | ||||
| Advertising | ],060 | 1,060 | 9,592 | 9,592 | ||||
| Accountancy | 10,610 | 10,610 | 32,166 | 32,166 | ||||
| Legal and | professional | 8,050 | 8,050 | 13,629 | 13,629 | |||
| 37,497 | 18,660 | 56,157 | 90,723 | 45,795 | 136,5]8 |
| EMPLOYEES | Period | Period | ||
|---|---|---|---|---|
| 31st | 31st | |||
| March | March | |||
| Number ofemployees | 2022 | 2021 | ||
| The average monthly | number ofemployees | during the period was: | 28 | 45 |
| Employment costs |
2022 | 2021 | ||
| Wages and salaries | 311,905 | 621,894 | ||
| Social security costs | 11,139 | 24,114 | ||
| Other pension costs | 3,942 | 9,361 | ||
| Other staff costs | 1,406 | 2,994 | ||
| 328,392 | 658,363 |
| TANGIBLE FIXEDASSETS | ||||||
|---|---|---|---|---|---|---|
| CURRENT PERIOD | Land and | Plant and | Fixtures and |
Computer | Motor | |
| Buildings | Equipment | Fittings | Equipment | Vehicles | Total | |
| COST | ||||||
| At 1stApri]2021 | 850,000 | 17,522 | 16,202 | 4,545 | 437,179 | 1,325,448 |
| Additions | 5,000 | 5,466 | 10,466 | |||
| Dispose]a | (267,500) | (267,500) | ||||
| At 31March 2022 | 855,000 | 22,988 | 16,202 | 4,545 | 169,679 | 1,068,414 |
| DEPREC]ATION | ||||||
| At 1stApril 2021 | 1],390 | 16,537 | 4,050 | 3,689 | 272,943 | 308,609 |
| Charge | 1],412 | 1,214 | 3,038 | 285 | 41,922 | 57,871 |
| Dispose]a | (224,717) | (224,717) | ||||
| At 31stMarch 2022 | 22,802 | 17,751 | 7,088 | 3,974 | 90,148 | 141,763 |
| NET BOOK VALUE | ||||||
| At 31stMarch 2022 | 832,198 | 5,237 | 9,]]4 | 571 | 79,531 | 926,65] |
| TANGIBLE FIXEDASSETS | Plant and | Fixtures and | Computer | Motor | |||
|---|---|---|---|---|---|---|---|
| PRIOR PERIOD | Buildings | Equipment | Fittings | Equipment | Vehicles | Total | |
| COST | f, | 8 | f, | ||||
| At 1st January 2020 | 17,522 | 15,641 | 4,545 | 484,733 | 522,441 | ||
| Donated &om Associates | 850,000 | 561 | 39,810 | 890,371 | |||
| Disposals | (87,364) | (87,364) | |||||
| At 31 March 2021 | 850,000 | 17,522 | 16,202 | 4,545 | 437,179 | 1,325,448 | |
| DEPRECIATION | |||||||
| At 1st January 2020 | 14,645 | 3,572 | 225,648 | 243,865 | |||
| Charge | 11,390 | 1,892 | 4,050 | 117 | 105,315 | 122,764 | |
| Eliminated | (67,921) | (67,921) | |||||
| Impairments | 9,901 | 9,901 | |||||
| At 31st March 2021 | 11,390 | 16,537 | 4,050 | 3,689 | 272,943 | 308,609 | |
| NET BOOKVALUE | |||||||
| At 31stMarch 2021 | 838,610 | 985 | 12,152 | 856 | 164,236 | 1,016,839 | |
| 12. | DEBTORS | 2022 | 2021 | ||||
| Amounts falling due within one year |
8 | ||||||
| Trade debtors | 65,874 | 93,029 | |||||
| Other debtors | 3 | 15,726 | |||||
| Prepayments and accrued income |
48,611 | 78,708 | |||||
| 114,488 | 187,463 | ||||||
| DEBTORS | 2022 | 2021 | |||||
| Amounts falling due in more than one |
year | ||||||
| Trade debtors | 22,320 | ||||||
| 22,320 | |||||||
| 13. | CREDITORS: | 2022 | 2021 | ||||
| Amounts falling due within one year |
|||||||
| Trade creditors | 8,114 | 51,357 | |||||
| Other taxation and social security | 3,334 | 5,440 | |||||
| Other creditors | 13,348 | 800 | |||||
| Accruals and deferred income | 3,750 | 3,600 | |||||
| 28,546 | 61,197 |
| RECONCILIATIO ACTIVITIES |
N OF INCOMING RESOURCES TO NET |
CASH FLOW FROM OPERATING | |
|---|---|---|---|
| 2022 | 2021 | ||
| Net movement in |
funds | (126,626) | 1,061,521 |
| Adjustments for: |
|||
| Depreciation and |
profit on sale | (166,846) | 131,857 |
| Interest received | (3) | (757) | |
| Losses on investments | 100 | ||
| (Increase)/decrease | in debtors | 95,295 | (195,037) |
| Increase/(decrease) | in creditors | (32,651) | 28,483 |
| (230,831) | 1,026,167 |
| NOTES | TO | THE FINANCIAL STATEMENTS |
THE FINANCIAL STATEMENTS |
THE FINANCIAL STATEMENTS |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16. | OPERATING LEASE COMMITMENTS | 2022 | 2021 | ||||||||||
| The following operating |
lease payments | are comntitted | to be paid: | ||||||||||
| Total future commitments | 322,578 | 440,020 | |||||||||||
| These relate to the lease | committed | to on | 4 January 2021. | ||||||||||
| 17. | ANALYSIS OF NET ASSETSBETWEEN FUNDS | Restricted | Unrestricted | Total | |||||||||
| YEAR TO 31STMARCH 2022 | Funds | Funds | Funds | ||||||||||
| 2022 | 2022 | 2022 | |||||||||||
| f, | f. | ||||||||||||
| Fixed assets | 9,249 | 917,402 | 926,651 | ||||||||||
| Current assets | 90,643 | 276,537 | 367,180 | ||||||||||
| Creditors due wit]un |
one | year | (12,879) | (15,667) | (28,546) | ||||||||
| 87,013 | 1,178,272 | 1,265,285 | |||||||||||
| Restricted | Unrestricted | Total | |||||||||||
| PERIOD TO 3]STMARCH 2021 | Funds | Funds | Funds | ||||||||||
| 2021 | 2021 | 2021 | |||||||||||
| 6 | |||||||||||||
| Fixed assets | 1,016,839 | 1,016,839 | |||||||||||
| Current assets |
84,167 | 352,102 | 436,269 | ||||||||||
| Creditors due within |
one | year | (20,141) | (41,056) | (61,197) | ||||||||
| 64,026 | 1,327,885 | 1,391,911 | |||||||||||
| 18. | STATEMENT OF FUNDS | Brought | Carried | ||||||||||
| YEAR ENDED 31STMARCH 2022 | Forward | Income | Expenditure | Forward | |||||||||
| Unrestricted funds |
|||||||||||||
| General Funds - all funds |
1,327,885 | 516,532 | (666,145) | ],178,272 | |||||||||
| Restricted funds |
|||||||||||||
| Community Hub |
13,554 | 33,470 | (10,687) | 36,337 | |||||||||
| Shuttle Services | 50,472 | 50,472 | |||||||||||
| Ukraine donations |
204 | 204 | |||||||||||
| Kickstart | 2,216 | (2,216) | |||||||||||
| Total restricted funds |
64,026 | 35,890 | (12,903) | 87,013 | |||||||||
| Total funds | 1,391,911 | 552,422 | (679,048) | 1,265,285 | |||||||||
| PERIOD ENDED 3]ST | MARCH 2021 | Brought | Can ied | ||||||||||
| Forward | Income | Expenditure | Forward | ||||||||||
| Unrestricted funds |
6 | ||||||||||||
| General Funds - all funds |
330,390 | 2,194,615 | (1,197,120) | 1,327,885 | |||||||||
| Restricted funds |
|||||||||||||
| Community Hub |
33,153 | (19,599) | 13,554 | ||||||||||
| Shuttle Services | 51,014 | (542) | 50,472 | ||||||||||
| Total restricted funds |
84,167 | (20,141) | 64,026 | ||||||||||
| Total funds | 330,390 | 2,278,782 | (1,217,26]) | 1,391,911 | |||||||||
| COMMUNITY HUB |
|||||||||||||
| This fund was set up | in order to run | Be]riending | Clubs | and | a Community | Fridge, which opened in March 2021. |