2022-03-31-accounts - Primrose Community Association

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		~Pa e
Report ofthe Trustees		1-9
Independent Examiners'	Report to the Trustees	10
Statement ofFinancial	Activities
Balance Sheet		12
Notes to the Financial Statements		13-21

		Unrestricted	Restricted
		Funds	Funds	2022	2021
	Note	g		g
INCOME:
Donations and Legacies		21,783		21,783	59,875
Income &om Charitable Activities	4	25,325	2,702	28,027	4,480
Investment Income
Interest on Cash Deposits					120
Income from Other Trading Activities
Coffee Bar		17,784		17,784	1,651
Facilities		23,810		23,810	2,531
Sundry Income		124		124	21
TOTAL INCOMING RESOURCES		88,833	2,702	91,535	68,678
EXPENDITURE:
Costs ofRaising Funds
Cost ofGoods Sold and Other Costs	5	7,526		7,526	1,767
Expenditure on Charitable Activities	6	74,159	4,257	78,416	111,613
TOTAL RESOURCES EXPENDED		81,685	4,257	85,942	113,380
NKT MOVEMENT IN FUNDS		7,148	(1,555)	5,593	(44,702)
RECONCILIATION OF FUNDS
Total Funds Brought Forward		85,348	9,939	95,287	139,989
TOTAL FUNDS CARRIED FORWARD		92,496	8,384	100,880	95,287

	Note	2022
FIXEDASSETS
Tangible assets	13		16,586		20,012
CURRENT ASSETS
Stocks	14	215		101
Debtors	15	4,615		10,430
Cash at Bank and in Hand		91,659		103,107
TOTAL CURRENT ASSETS		96,489		113,638
CREDITORS - AMOUNTS DUE
WITHIN ONK YEAR	16	12,195		38,363
NKT CURRENT ASSETS			84,294		75,275
TOTAL ASSETSLESS
CURRENT LIABILITIES			100,880		95,287
FUNDS OF THE CHARITY
Unrestricted Funds	17		92,496		85,348
Restricted Funds - Other	17				2,000
Restricted Funds —Section Accounts	17		8,384		7,939
TOTAL CHARITY FUNDS			100,880		95,287

	Unrestricted	Restricted	2022	2021
			K
Events	282		282
Section Receipts		2,702	2,702	449
Activity Groups
Membership	1,841		1,841	732
Indoor Bowls	5,362		5,362	402
Squash	12,854		12,854	2,897
Toddlers	3,252		3,252
U3A Bowls	51		51
XYW	1,000		1,000
Atoria Sci-Fi	641		641
Mayors Award	42		42
	25,325	2,702	28,027	4,480

	Unrestricted	Restricted	2022	2021
			g	g
Cost ofGoods Sold and Other Costs
Coffee Bar	7,526		7,526	1,767
EXPENDITURE ON CHARITABLE	ACTIVITIES
	Unrestricted	Restricted	2022	2021
			g	g
Events	151		151
Section Expenditure		2,257	2,257	915
Wages and Salaries	29,362		29,362	23,776
Stationery and Postage	1,131		1,131	1,183
Telephone and Internet	3,626		3,626	1,295
Heat and Light	19,437		19,437	10,715
Water	(1,834)		(1,834)	8,130
Rates	1,098		1,098
Insurances and Licences	2,172		2,172	1,320
Building and Equipment Maintenance	4,623	2,000	6,623	48,754
Cleaning, Laundry and Refuse	5,393		5 393	4,070
Professional Fees	619		619	475
Independent Examiners Fees	1,860		1,860	2,016
General Expenses	462		462	26
Loss on Disposal ofFixed Assets				318
Depreciation ofEquipment	3,541		3,541	6,102
Depreciation ofCoffee Bar	2,518		2,518	2,518
	74,159	4,257	78,416	111,613

			2022	2021
				g
This is stated after charging:
Independent	Examiner's	Fees	1,860	2,016
Loss on Disposal ofFixed Assets				318
Depreciation			6,059	8,620

2022	2021
Number	Number

				Coffee
				Bar		Total
				g
	COST
	At 1stApril 2021			25,178	37,399	62,577
	Additions				2,633	2,633
	Disposals
	At 31stMarch 2022			25,178	40,032	65,210
	DEPRECIATION
	At 1stApril 2021			15,948	26,617	42,565
	Charge for Year			2,518	3,541	6,059
	Disposals
	At 31stMarch 2022			18,466	30,158	48,624
	NET BOOK VALUE
	At 31stMarch 2022			6,712	9,874	16,586
	At 31stMarch 2021			9,230	10,782	20,012
14.	STOCK
					2022	2021
	Coffee BarStock				215	101
15.	DEBTORS
					2022	2021
					g	g
	Trade Debtors				50	200
	Primrose Community	Enterprises	Ltd		2,930	7,163
	Prepayments				1,635
	Other Debtors					3,067
					4,615	10,430
16.	CREDITORS
					2022	2021
					g	g
	Amounts due within	one year:-
	Accruals				12,163	38,363
	Social Security and Other Taxes				32
					12,195	38,363

	At	1st	~Incomin		Resources	At 31st	At 31st
	~Aril	2021	Resources		~Kx ended	March	2022
Unrestricted Funds	85,348		88,833		(81,685)	92,496
Restricted Funds Northumbrian Water		2,000			~(2.tl00
Restricted Funds
Section Accounts
Afternoon Carpet Bowls		120			(120)
Indoor Bowls		1,942	455				2,397
Squash Maintenance		505	1,753		(188)		2,070
Residents Association		1,228					1,228
Toddlers		398		64	(261)		201
Wednesday Night Ladies		16			(16)
Friday Dance		4			(4)
XYW		63					63
Youth Club		469			(469)
Bar Social Fund		2,666	430		(671)		2,425
Mayors Award		507			(507)
Women's Festival		21			(21)
		7,939	2,702		(2,257)		8,384
Total Funds	95,287		91.535		~85,9423	1tl0,880
Unrestricted Funds - General
These funds can be used in anyway by the	trustees	in accordance with		the	objectives ofthe	charity.
Unrestricted Funds - Designated
These funds have been reserved for future planned		activity	and contingencies.
The unrestricted funds held are summarised	as follows:-
					2022	2021
						g
General					31,996	22,848
Designated
Staffing and redundancy					15,000	15,000
Equipment replacement contingency					2,000	2,000
Six months running costs ofthe Association					43,000	45,000
Limited liability contingency					500		500
					92,496	85,348