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2021-09-30-accounts

Charity number: 1154756

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Chairman's statement 2 - 3
Trustees' report 4 - 7
Independent auditors' report on the financial statements 8 - 11
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 34

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Trustees Christopher Harris, Chairman
John Knight, Treasurer
Joseph Finlay, Secretary
Kate Nixon, Committee member (appointed 13 April 2021)
Sean Sadler, Committee member (appointed 13 April 2021)
Elizabeth Harris, Committee member
Wanda Arden, Committee member
Hester Wain, Committee member
Charity registered
number 1154756
Principal office Guildford Road
Aldershot
Hampshire
GU12 4BP
Independent auditors Mantax Lynton
Chartered Accountants
Suite 207 Equitable House
7 General Gordon Square
London
SE18 6FH
Bankers Lloyds Bank PLC
115 Victoria Road
Aldershot
Hampshire
GU11 1JQ
Nationwide Building Society
Northampton

Page 1

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2021

The chairman presents his statement for the year.

This Report is for the period 1st October 2020 – 30th September 2021, Parkside’s financial Year, which once again has been dominated by COVID-19. As reported last year, the pandemic has resulted in significant changes to Parkside and the Support Services’ we deliver to our service users.

During the Financial Year, with continued help from the Government furlough scheme, grants, donations, and additional cost saving measures, there was a cash surplus of £30,829 (2020: £53,187). It remains our intention to try and achieve a small surplus or deficit on an annual basis. Thus, whilst our finances are currently sound, we anticipate significant financial pressures developing, so we will be closely monitoring the situation.

However, although we continued to face various challenges during the 2nd year of the pandemic, it was not all doom and gloom. As with the previous year, we managed to maintain close contact with our supporters. This resulted in many donations for which we were most grateful. Without doubt, this support has been critical during such a difficult year. Further details can be found later in the report

We also benefited from several grants such as for our Children’s Club which secures its future through to March 2023. We were awarded 2 most welcome grants from the Co-op and Hampshire County Council (HCC) for assisting with the set up and on-going costs for our new Friendship Group. A grant from Farnborough Airport finally meant we could purchase some lovely items for the garden at Parkside which were enjoyed in the summer. We continued to receive financial support from HCC and Rushmoor Borough Council (RBC) to assist with our COVID-19 additional costs which was very helpful. Once again, further details can be found later in the report.

It was reported last year that we were reviewing the future of the Farnborough Activity Base (FAB) Café. Unfortunately, on financial grounds, it was decided to close it, which was confirmed at the Annual General Meeting last April. We served notice on our lease with Hampshire County Council last October and have now completely vacated this space. However, we remain active with our PIP Youth groups in the Activity Room, which has grown from 3 to 5 days per week. Our lease for this room takes us to September 2025.

We have been able to secure another 10-year lease from RBC for the Parkside building and they continue to be extremely supportive of all our work. With the closure and restrictions in place, we have spent much of the year catching up on maintenance issues which not only bring financial challenges but has also seen costs rise for services. We were however delighted that a close neighbour, who owns Da Vinchi Developments, kindly painted the front exterior of the building free of charge a generous and much appreciated gesture.

Unfortunately, the pandemic prevented us from organising any large events, but we will be celebrating the Queens Jubilee in May 2022 as our first Parkside event for 2 years!

During the reporting period, Support Services continued to meet the needs of all our service users who accessed the full range of services available. These continued to be delivered from Parkside, FAB, our garden at Gillian Avenue and out in the community as well as in service user’s homes. Working in a pandemic world continues to be a challenge. However, we have managed to continue to meet our service users’ needs whilst keeping them safe and meeting all government guidelines.

We are very proud that our staff, both permanent and volunteers, and service users have remained positive throughout this situation. It has been especially pleasing to welcome back some long-standing volunteers and their contribution has been essential. Everyone has been fully accommodating in maintaining the strict testing regime brought in by the Department of Health and Social Care which we must adhere to, and we have thankfully not had many cases that have affected our day-to-day operations.

Page 2

PARKSIDE IALDERSHOT AND DISTRICT LEARNING DISABILITY) CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 We did make difficult decision not to run our FAB and Take a Break Club$ anymore bul recognisgd that a different type of social club was requir8d to meet this groups need. The pandemic has had a social offect on many of our service users who have very little social actwities in their lives. Our new Saturday morning Friendship group, launched last Juty, has been very well received. We hope that this unfvnéed group will settle into a long-standing service from Parkside,. the initial take up has b8en very promising COM Christopher Harris Trustee Chairman Date. ) I Page 3

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021

The Trustees present their annual report together with the audited financial statements of the Parkside (Aldershot and District Learning Disability) for the 1 October 2020 to 30 September 2021.

Structure, governance and management

a. Constitution

Parkside (Aldershot and District Learning Disability) is a registered charity, number 1154756, and is constituted under a Trust deed.

The principal objective of the charity is to provide support to both children and adults with a learning disability and to support all opportunities for them to develop their individual skills and take part in activities within the local community. Individual needs can vary from requiring support to socialise with friends, to participating in leisure activities, meeting new people, developing life skills and providing respite for other family members. By reaching out into the community, Parkside aims to develop and strengthen its links with its residents and organisations, creating opportunities for everyone to be involved and included.

b. Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Governing Document.

c. Pay policy for key management personnel

The pay for all staff is reviewed annually by the Trustees and Senior Managers.

d. Financial risk management

The Trustees have assessed the major risks to which the charity is exposed, especially those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Objectives and activities

a. Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission Guidance and Public Benefit documents especially CC3 ‘The essential trustee: what you need to know, what you need to do’ and PB2 'Running a charity'.

b. Strategies for achieving objectives

The Trustees adopt a flexible approach to achieving the objectives. Services are reviewed constantly to assess if the best service is being provided.

Page 4

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

Objectives and activities (continued)

c. Activities undertaken to achieve objectives

All activities undertaken are ultimately aimed at achieving objectives and meeting the needs of our service users. For example, our commitment to delivering a quality service; by all Trustees being involved in attending the various groups and activities that Parkside organise. Trustees undertake audits both observational and procedural.

Achievements and performance

a. Review of activities

Prior to COVID-19, activities were reviewed at bi-monthly Senior Management meetings and alternate bi-monthly Trustee Board meetings. Minutes for these meetings are held on file. During the year, the pandemic limited the number of meetings that took place.

Parkside has Quality Assurance measures in place and undertakes quarterly audits against fixed criteria. All outcomes are considered and discussed at Trustee meetings. Once again, the pandemic limited the number of audits undertaken.

b. Investment policy and performance

Parkside has a shares portfolio managed by Brewin Dolphin Investment Management. This is reviewed annually and discussed at Trustee meetings.

Page 5

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

Financial review

a. Going concern

The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The charity has a policy of keeping liquid reserves to cover the operating cost for next 6 months. The cash in bank over the period averaged 6 months reserve. In addition, the investment portfolio covers another 4 months reserve.

c. Material investments policy

The Trustees have agreed to retain the property at 37 Gillian Avenue as it provides a steady monthly income but also a substantial reserve should we be required to sell it.

d. Principal risks and uncertainties

The Trustees have assessed the major risks to which the charity is exposed, especially those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. These are listed in the Business Plan.

e. Principal funding

Funding is generated by the sale of services to individuals and local authorities which accounts for most of the charity’s income. Grants and donations accounts for the rest, the timing and frequency of which are both variable and unpredictable.

Page 6

PARKSIDE IALDERSHOT AND DISTRICT LEARNING DISABILITY) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 Statement of Trustoes. rgspon$ibilities The Trustees are responsible for preparfng the Trustees. report and the financial statements in accordance wlth applicabl8 law and Unrted Kingdom Ac¢oLtnting Standards (United Kingdom Generally Acc8pted Accounting Practi¢el. The law applicable to thartbes in England & Wales requlres the Trustees to prepare financial statements for each financial which give a true and fair wew of the slate of affairs of the charity and of ils incoming resource8 and application of resources. including its income and expendituTr. for that period. In preparing these financial statements, the Trustees are required to.. select suitsble accounting policies and then apply them consistently, observe the m8thods and principles of the Charities SORP IFRS 102)- make judgments and accounting estimaies that are reasonable and prudent., slate whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any material departures disclosed and explained in Ihe finanoal statements- prepare tho financial statefflenls on the going concem basis unless il is inappropriate to pr88ume that tho charity will conb'nue in business. Th8 Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain th8 charity's tr8nsa¢lions and disclose wth reasonable accuracy at any time the financial position of the charity and enable Ihpm to ensure that the financ?al statements comply with the Chariti8s Act 2011, the Charity (Accounts and Reports) Fiegulat'ons 2008 and the promsions of the Trust deed. They arg also responsible for safeguarding the assets of the charity and ben￿ for taking reasonable steps for the pr8v8ntion and detection of fraud and olhar I￿agUlarIties. Dlsclosure of infomiatlon to auditors Ea¢h of the persons who are Trustees at the time when this Trustees. report is approved has o)nfirmod that. so far as that Trustee is aware, there is no relevanl audit information of thich the charitys auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit infomiation and to establish that the charivs auditors are aware of that infomiation. Auditors Auditors are appointed at the AGM on an annual basis on a recommendation from the Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by.. CDM tkw£ Chrlstopher Harris Chaiman John Knight Treasurer Date.. Page 7

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

Opinion

We have audited the financial statements of Parkside (Aldershot and District Learning Disability) (the 'charity') for the year ended 30 September 2021 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 8

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY) (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 9

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY) (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 10

PARKSIDE {ALDER8HOT AND DISTrICT LEARNING DISABILrrYi INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PARKSIDE {ALDERSHOT AND DISTRICT LEARNING DISABIUTYI (CONTINUED U#• of our report Thi8 report 18 mad6 solèly lo the charitys trustees, as a in accordanc8 with Part 4 of the Chariti8$ (Accounts and Reports} R89ukt￿ns 2008. Our audtt work has been undertaken so th81 we rnighl slate to the charity's IrLFStee$ those matters we 8re required lo slate to them in an Audilor8' report and for no other purpose. To the fu118sI 8Xtgnt pgnnitied by law, we do not xcept or assume responsibility lo anyone other than tha chaiity and ts trustees, 88 a body. for our audtt work, forthis report, or for the opinhJn$ we have fomied. M•ntsx Lynton Chartered A¢￿untants Suite 207 Equitable House 7 General Gordon Square London SE18 6FH '1 IoiL Mantax Lynton we eligibb to ad as audrtors in temis of sect*)n 1212 of thg Companies Act 2006. Page11

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

Note
Income from:
Donations and legacies
3
Charitable activities
6
Fundraising income
7
Investments
8
Total income
Expenditure on:
Raising funds
9
Charitable activities
10
Total expenditure
Total transfers
Net movement in funds before other
recognised gains
Other recognised gains:
Gains on revaluation of Investment
Properties
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
34,223
285,158
1,462
45,509
366,352
6,415
322,535
328,950
-
37,402
40,000
77,402
645,033
77,402
722,435		 Restricted
funds
2021
£
122,979
-
-
-
122,979
9
118,624
118,633
-
4,346
-
4,346
158,971
4,346
163,317		 Total
funds
2021
£
157,202
285,158
1,462
45,509
489,331
6,424
441,159
447,583
-
41,748
40,000
81,748
804,004
81,748
885,752		 Total
funds
2020
£
192,700
352,157
5,946
8,007
558,810
9,255
527,479
536,734
-
22,076
10,000
32,076
771,928
32,076
804,004

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 15 to 34 form part of these financial statements.

Page 12

PARKSIDE {ALDERSHOT AND DISTRICT LEARNING D18ABILITY) BALANCE SHE AS AT 30 SEPTEMBER 2021 2021 2020 Not8 Flxed assets Tangible assets Investments Investment prop8ty 16 17 18 57,412 199,552 385.000 70,050 166,114 345.(￿9 641,964 581,164 Curront assets Debtors Cash at bank and in hand 19 40.310 249.336 35,210 234.290 289.646 269.500 C￿dItorS. amounts falling due within one year 20 145.858 (46,660) Net current assets 243,788 222,840 Total assets less Current liabilitie$ 885.752 804,004 Net assgts exeludlng penslon asset 885.7S2 804,004 Total net assets 885,752 804,004 Charlty funds Restricted funds Unrestricted fund5 21 163.317 722,435 158,977 645,033 21 Toial funds 885,752 804,004 The financial statements were approved and authorised for issue by the Trustees arKI signed on their behalf by.. Christopher Harris Chalrman John Knight Treasurer Dale-. 5qer92 The notes on pages 15 to 34 fomi part of these financial statements. Page 13

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Cash balance movement in investment portfolio
Net cash (used in)/provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2021
£
21,650
3,277
-
(8,438)
-
(5,049)
3,606
(6,604)
-
15,046
234,290
249,336		 2020
£
61,832
4,220
7,036
(2,884)
41,127
(53,552)
10,180
6,127
-
67,959
166,331
234,290

The notes on pages 15 to 34 form part of these financial statements

Page 14

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. General information

Parkside (Aldershot and District Learning Disability) is a charity registered with Charity Commission. The charity's registered number and registered office is shown on page 1 of the financial statements.

The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest pound.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Parkside (Aldershot and District Learning Disability) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Page 15

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

2. Accounting policies (continued)

2.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the charity's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Page 16

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

2. Accounting policies (continued)

2.3 Expenditure (continued)

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 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 institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Short-term leasehold property - 10% Straight Line
Motor vehicles - 25% Reducing Balance
Fixtures and fittings - 20% Straight Line
Computer equipment - 20% Straight Line
Other fixed assets - 10% Straight Line

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 17

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

2. Accounting policies (continued)

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.10 Financial instruments

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 measured at amortised cost using the effective interest method.

2.11 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 18

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

3. Income from donations and Grants

Unrestricted
funds
2021
£
Donations
34,223
Grants
-
Total 2021
34,223
Unrestricted
funds
2020
£
Donations
30,141
Grants
-
Total 2020
30,141		 Restricted
funds
2021
£
4,262
118,717
122,979
Restricted
funds
2020
£
44,158
118,401
162,559		 Total
funds
2021
£
38,485
118,717
157,202
Total
funds
2020
£
74,299
118,401
192,700

4. Donations

Unrestricted Restricted Total
funds funds funds
2021 2021 2021
£ £ £
Rushmoor Borough Council 11,583 - 11,583
Anonymous 11,600 - 11,600
Estate of Betty Haines 375 - 375
Mr & Mrs Brown- JET - 100 100
Co -op (Portacabin) - 1,000 1,000
Farnborough Not Forgetten Club 1,250 - 1,250
Val Read 100 - 100
Doreen & Paul Webber 120 - 120
Mr Beadle 1,000 - 1,000
Bridges Estate Agents 350 - 350
Pinewood Quilters 247 - 247
Anonymous 1,500 - 1,500
HMRC Gift Aid 584 - 584
Jim Goodman- shortbreaks fund - 500 500
Jim Goodman 500 - 500

Page 19

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

The Misselbrook Trust
Linde Cry O Plants
Hart Lotery
Rushmoor Lottery
Adam Woodcock - JET
Co-op - FAB Cafe
Virgin Money Giving (D Langdon)
Virgin Money Giving
Mark Marriot - Gateway
AR & HE Tyas
Paypal Giving
Co-op Neighbourly
Aldershot & District Allotment Assoc
Total donations for 2020
5.
Grants		 1,000
220
210
545
-
-
1,200
728
-
240
236
635
-
34,223
Unrestricted
funds
2020
£
30,141		 -
-
-
-
100
1,362
-
-
200
-
-
-
1,000
4,262
Restricted
funds
2020
£
44,158		 1,000
220
210
545
100
1,362
1,200
728
200
240
236
635
1,000
38,485
Total
funds
2020
£
74,299
Co-op Neighbourly Grant- Saturday Friendship
Saturday friendship Group
HCC Covid Support Grant
CJRS Grant
Rushmoor Borough Council Grant - Parkside Garden
Short Breaks Grant- Saturday Scene
Short Breaks Grant- Our Zone
Short Breaks Grant- Saturday Zone		 Restricted
funds
2021
£
500
2,200
22,521
64,788
2,200
8,122
8,573
9,813
118,717		 Total
funds
2021
£
500
2,200
22,521
64,788
2,200
8,122
8,573
9,813
118,717

Page 20

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

National Lottery Grant
Short Breaks Grant - Our Zone
Saturday Scene Grant
RVS training Grant
HCC Maintenance Grant
CJRS Grant
Rushmoor Borough Council Grant
ST James Place Charitable Trust
Total 2020		 Restricted
funds
2020
£
3,381
7,749
7,341
250
3,088
82,101
10,000
4,491
118,401		 Total
funds
2020
£
3,381
7,749
7,341
250
3,088
82,101
10,000
4,491
118,401

6. Income from charitable activities

Unrestricted
funds
2021
£
Service provided to Adults
276,318
Service provided to children
6,958
Misc income
1,314
FAB cafe work experience project
568
Total 2021
285,158
Unrestricted
funds
2020
£
Service provided to Adults
318,463
Service provided to children
7,392
Misc income
3,023
FAB cafe work experience project
23,279
Total 2020
352,157		 Total
funds
2021
£
276,318
6,958
1,314
568
285,158
Total
funds
2020
£
318,463
7,392
3,023
23,279
352,157

Page 21

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

7. Fundraising income

Income from fundraising events

Unrestricted
funds
2021
£
Garden group
1,462
Unrestricted
funds
2020
£
Garden group
4,086
Christmas events
1,198
Other fundraising events
662
5,946		 Total
funds
2021
£
1,462
Total
funds
2020
£
4,086
1,198
662
5,946

8. Investment income

Unrestricted
funds
2021
£
Rental income
10,237
Revaluation Gain/(Loss) on investment
31,995
Interest income
67
Dividend income
3,210
45,509		 Total
funds
2021
£
10,237
31,995
67
3,210
45,509

Page 22

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

8. Investment income (continued)

Rental income
Gain/(Loss) on disposal of investment
Revaluation Gain/(Loss) on investment
Interest income
Dividend		 Unrestricted
funds
2020
£
8,632
(815)
(4,030)
446
3,774
8,007		 Total
funds
2020
£
8,632
(815)
(4,030)
446
3,774
8,007

9. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted Restricted Total
funds funds funds
2021 2021 2021
£ £ £
Fundraising costs 6,415 9 6,424

Page 23

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

9. Expenditure on raising funds (continued)

Costs of raising voluntary income (continued)

Fundraising costs
Support cost - note 11
Governance cost - note 12		 Unrestricted
funds
2020
£
5,717
2,885
195
8,797		 Restricted
funds
2020
£
458
-
-
458		 Total
funds
2020
£
6,175
2,885
195
9,255

10. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2021
£
Service provided to Adults
126,348
Service provided to children
1,293
FAB cafe work experience project
11,039
Support costs -note 11
173,619
Governance costs -note 12
10,236
322,535		 Restricted
funds
2021
£
90,212
21,865
-
6,547
-
118,624		 Total
funds
2021
£
216,560
23,158
11,039
180,166
10,236
441,159

Page 24

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

10. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Service provided to Adults
Service provided to children
FAB cafe work experience project
Support cost - note 11
Governance cost - note 12		 Unrestricted
funds
2020
£
160,901
1,040
16,877
168,433
11,806
359,057		 Restricted
funds
2020
£
84,648
25,043
53,134
5,597
-
168,422		 Total
funds
2020
£
245,549
26,083
70,011
174,030
11,806
527,479

11. Support costs

Printing postage and stationeries
Insurance
Repair and maintenance
Bank charges
Cleaning
Sundry expenses
Telephone
Utilities
Bad debts
Rent
IT expenses
Admin and management salaries
Depreciation
Total 2021		 Charitable
activities
2021
£
3,876
2,155
7,374
276
11,269
4,082
2,961
4,097
1,771
13,083
1,276
106,056
20,970
179,246		 Fundraising
2021
£
20
11
38
1
58
21
15
21
9
67
7
544
108
920		 Total
funds
2021
£
3,896
2,166
7,412
277
11,327
4,103
2,976
4,118
1,780
13,150
1,283
106,600
21,078
180,166

Support cost is allocated based on income from respective activities

Page 25

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Printing postage and stationeries
Insurance
Repair and maintenance
Bank charges
Cleaning
Sundry expenses
Telephone
Utilities
Rent
IT expenses
Admin and management salaries
Depreciation		 Charitable
activities
2020
£
4,779
1,792
3,371
699
11,179
4,331
2,140
5,078
12,936
1,969
99,125
26,631
174,030		 Fundraising
2020
£
78
30
55
12
184
72
35
84
213
33
1,639
450
2,885		 Total
funds
2020
£
4,857
1,822
3,426
711
11,363
4,403
2,175
5,162
13,149
2,002
100,764
27,081
176,915

12. Governance costs

Accountancy fees
Auditors' remuneration
Licence and permits
Investment management fee
Total 2021		 Charitable
activities
2021
£
5,162
1,791
1,472
1,758
10,183		 Fundraising
2021
£
27
9
8
9
53		 Total
funds
2021
£
5,189
1,800
1,480
1,767
10,236

Governance cost is allocated based on income from respective activities

Accountancy fees
Auditors' remuneration
Licence and permits
Investment management fee		 Charitable
activities
2020
£
8,188
1,771
342
1,505
11,806		 Fundraising
2020
£
136
29
6
24
195		 Total
funds
2020
£
8,324
1,800
348
1,529
12,001

Page 26

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

13. Auditors' remuneration

2021 2020
£ £
Fees payable to the charity's auditor for the audit of the charity's annual
accounts 1,800 1,800
Fees payable to the charity's auditor in respect of:
All assurance services not included above 3,000 3,000

14. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
333,013
13,467
6,189
352,669		 2020
£
394,374
20,925
7,320
422,619

The average number of persons employed by the charity during the year was as follows:

Administration staff
Management staff
Support workers		 2021
No.
2
4
12
18		 2020
No.
2
5
15
22

No employee received remuneration amounting to more than £60,000 in either year.

15. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 30 September 2021, no Trustee expenses have been incurred (2020 - £NIL) .

Page 27

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

16. Tangible fixed assets

Cost or valuation
At 1 October 2020
Additions
At 30 September 2021
Depreciation
At 1 October 2020
Charge for the year
At 30 September 2021
Net book value
At 30 September 2021
At 30 September 2020		 Short-term
leasehold
property
£
200,602
-
200,602
170,111
7,670
177,781
22,821
30,491		 Motor
vehicles
£
78,930
-
78,930
52,739
6,547
59,286
19,644
26,191		 Fixtures,
fittings &
Equipments
£
101,409
8,438
109,847
89,466
6,153
95,619
14,228
11,943		 Other fixed
assets
£
25,017
-
25,017
23,592
706
24,298
719
1,425		 Total
£
405,958
8,438
414,396
335,908
21,076
356,984
57,412
70,050

Page 28

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

17. Fixed asset investments

Cost or valuation
At 1 October 2020
Additions
Revaluations
Movement in cash reserve
At 30 September 2021
Net book value
At 30 September 2021
At 30 September 2020		 Listed
investments
£
166,114
5,049
31,995
(3,606)
199,552
199,552
166,114

Page 29

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

18. Investment property

Valuation
At 1 October 2020
Surplus on revaluation
At 30 September 2021		 Freehold
investment
property
£
345,000
40,000
385,000

Valuation of investment property is done by Trustees who based their valuation based on desktop valuation on 15 November 2021 by S Caudwell, associate RICS from Romans Group (UK) Ltd.

19. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2021
£
36,661
149
3,500
40,310		 2020
£
31,095
1,248
2,867
35,210

20. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2021
£
2,783
5,464
25,557
12,054
45,858		 2020
£
2,459
7,900
31,501
4,800
46,660

Page 30

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

21. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 30
October Gains/ September
2020 Income Expenditure (Losses) 2021
£ £ £ £ £
Unrestricted funds
General Funds - all funds 645,033 366,352 (328,950) 40,000 722,435
Restricted funds
Restricted Fund 1 158,971 122,979 (118,633) - 163,317
Total of funds 804,004 489,331 (447,583) 40,000 885,752
Statement of funds - prior year
Balance at
Balance at 30
1 October Gains/ September
2019 Income Expenditure (Losses) 2020
£ £ £ £ £
Unrestricted funds
General Funds - all funds 606,636 396,251 (367,854) 10,000 645,033
Restricted funds
Restricted Funds - all funds 165,292 162,559 (168,880) - 158,971
Total of funds 771,928 558,810 (536,734) 10,000 804,004

Page 31

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

22. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
October
2020
£
645,033
158,971
804,004
Balance at
1 October
2019
£
606,636
165,292
771,928		 Income
£
366,352
122,979
489,331
Income
£
396,251
162,559
558,810		 Expenditure
£
(328,950)
(118,633)
(447,583)
Expenditure
£
(367,854)
(168,880)
(536,734)		 Gains/
(Losses)
£
40,000
-
40,000
Gains/
(Losses)
£
10,000
-
10,000		 Balance at
30
September
2021
£
722,435
163,317
885,752
Balance at
30
September
2020
£
645,033
158,971
Summary of funds - prior year
General funds
Restricted funds
804,004

23. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Tangible fixed assets
37,768
Fixed asset investments
199,552
Investment property
385,000
Current assets
145,973
Creditors due within one year
(45,858)
Total
722,435		 Restricted
funds
2021
£
19,644
-
-
143,673
-
163,317		 Total
funds
2021
£
57,412
199,552
385,000
289,646
(45,858)
885,752

Page 32

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

23. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2020
£
43,859
166,114
345,000
136,720
(46,660)
645,033		 Restricted
funds
2020
£
26,191
-
-
132,780
-
158,971		 Total
funds
2020
£
70,050
166,114
345,000
269,500
(46,660)
804,004

24. Reconciliation of net movement in funds to net cash flow from operating activities

25.

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Revaluation (Gains) /Losses on investments
Dividends, interests and rents from investments
Profit / Loss on the sale of fixed assets
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Profit / (Loss) on disposal of investments
Net cash provided by operating activities
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents		 2021
£
41,748
21,076
(31,995)
(3,277)
-
(5,100)
(802)
-
21,650
2021
£
249,336
249,336		 2020
£
22,076
27,081
4,030
(4,220)
(5,362)
18,396
(984)
815
61,832
2020
£
234,290
234,290

Page 33

PARKSIDE (ALDERSHOT AND DISTRICT LEARNING DISABILITY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

26. Analysis of changes in net debt

Cash at bank and in hand At 1
October
2020
£
234,290
234,290		 Cash flows
£
15,046
15,046		 At 30
September
2021
£
249,336
249,336

27. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £6,189 (2020 - £7,320). Contributions totaling £1,286 (2020: £1,619) were outstanding at year end.

28. Operating lease commitments

At 30 September 2021 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2021
£
13,500
27,000
40,500		 2020
£
13,500
40,500
54,000

Page 34