CHARITY REGISTRATION NUMBER: 1154860
Cutteslowe and District Community Association Unaudited Financial Statements
31 March 2021
Cutteslowe and District Community Association
Financial Statements
Year ended 31 March 2021
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Accounting policies | 0 |
| Notes to the financial statements | 11 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 20 |
| Notes to the detailed statement of financial activities | 22 |
Cutteslowe and District Community Association
Trustees' Annual Report
Year ended 31 March 2021
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2021.
Reference and administrative details
Registered charity name Cutteslowe and District Community Association Charity registration number 1154860 Principal office 31 Wren Road Oxford OX2 7SX
The trustees
A Childs D Anderson H Baker S Buckley A Johnson S McCready S Scheele T Blake (Appointed 18 March 2021) Independent examiner Nicola Jane Cadwallader FCCA For and On Behalf of David Cadwallader & Co Limited Suite 3 Bignell Park Barns Chesterton Bicester Oxon OX26 1TD
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Cutteslowe and District Community Association
Trustees' Annual Report (continued)
Year ended 31 March 2021
Structure, governance and management
The charity is a charitable incorporated organisation (Charity Commission No 1154860) which was registered on 4 December 2013 and is governed by a constitution agreed at its annual meeting.
Funds from the unincorporated charity Cutteslowe and District Community Association (registered charity no. 304340) were donated to the charity on that date.
Trustees are elected at the annual meeting of the charity. New trustees are co-opted at other times but their appointment must be confirmed at the next annual meeting.
The Association aims to have a board of trustees which:
a) contains the skills and expertise (for example in personnel, finance, health and safety, safeguarding, data protection and premises management) which are required to run a modern charity effectively, and
b) understands the nature of the issues facing the particular community which it seeks to serve and can develop strategies to address them.
The day-to-day operations of the Community Centre (hereinafter called 'the Centre') are managed by the Centre Manager who reports directly to the Board of Trustees. From January 2021,this role is fulfiulled by Stephanie Jankovic.
The trustees meet as a management committee at least 10 times a year. These meetings are also attended by an official from the City Council, local City and County Councillors and the Centre's manager. Others are invited as necessary. The trustees meet separately as required to consider particular issues. Sub-committees meet regularly to monitor aspects of the Association's operations.
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Cutteslowe and District Community Association
Trustees' Annual Report (continued)
Year ended 31 March 2021
Objectives and activities
The objectives of the charity are to:
a) promote the benefit of the inhabitants of the area of benefit without distinction of gender, sexual orientation, nationality, age, disability, race or of political, religious or other opinions by associating together the said inhabitants and the statutory 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; and,
b) establish, or secure the establishment, of a Community Centre and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the above objects;
The Association shall be non-party in politics and non-sectarian in religion. The area of benefit shall be Cutteslowe and the surrounding district.
Activities
Its principal activities in furtherance of these objectives are
-
a) to maintain a community centre which is available for hire by individuals and groups, and
-
b) to run events and activities for the benefit of the whole community and for particular groups within it. As a general rule projects are not initiated until full funding for them has been secured.
The Association currently employs a part-time Centre Manager and a part-time assistant. Other staff are engaged to assist in the running of particular activities as required.
The staff are assisted by over 50 volunteers who take an active part in the running of particular activities th whom the trustees offer their warmest thanks.
The charity maintains strong links with a range of organisations including government agencies, local authorities, schools, other charities, neighbourhood groups and private trusts.
Public Benefit
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
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Cutteslowe and District Community Association
Trustees' Annual Report (continued)
Year ended 31 March 2021
Achievements and performance
Because of the restrictions brought in by the government to curb the spread of covid, the Centre closed all operations on 23rd March 2020 and effectively stayed closed for the following 12 months with a single exception. All employees were furloughed but, while most remained furloughed until the middle of 2021, by the fourth quarter of 2020 we had brought back the Centre Manager (on reduced hours) to start on preparations for restarting some activities. The Association was in receipt of grants under the Job Retention Scheme as well as Government grants supporting small businesses (which in our case offset our loss of income from not being able to hire out our hall and rooms) and rates relief.
The single exception to our closure was hosting the Cutteslowe Community Larder from June 2020 onwards. The Larder, effectively managed by volunteers from St Andrew's Church, Linton Road, Oxford, and backed by Oxford City Council, operates one day a week and at its peak had over 100 subscribers. As restrictions have been steadily removed, usage has fallen back slightly but regularly over 70 families are accessing food and other necessities each week, sourced in the main from South Oxfordshire Food and Education Alliance (SOFEA) and donations from local residents and stores. We believe that the Larder will remain a permanent part of our portfolio of activities.
The only activity to resume again during the year was Sunnymead Minnows, albeit in reduced numbers because of distancing, which restarted in autumn 2020 and took place in another venue We were anxious to try to recoup as much as possible of the playtime that our under 5s had lost throughout lockdown and this was the first age group that was allowed to come together. As restrictions have eased, Minnows has almost reverted to the full range of activities that it was providing pre Covid.
During the period of lockdown we have continued the refurbishment of the Centre. Our main Hall has been redecorated (thanks to a legacy from Councillor Jean Fooks) and our 50 year old toilets have been completely replaced, thanks mainly to a grant from the Summertown/St Margarets Neighbourhood Forum. The only part of the Centre still to be tackled is the kitchen, which we expect to renovate in 2022.
Financial review
Because of lockdown the normal pattern of income and expenditure was somewhat different in the year to March 2021. We were unable to hire out rooms and none of our usual community activities took place. Government support in the form of the Job Retention Scheme and grants to small businesses plugged part of the gap, and we are most grateful that grant giving trusts and individual donors in our locality, who have contributed so much in the past, continued to support the Association throughout the year. This level of support will mean that, though 2021 has been another year of reduced activity, we will start 2022 in a healthy financial position and with plans for further growth.
The trustees' annual report was approved on 27 January 2022 and signed on behalf of the board of trustees by:
Ann Childs Chair and Trustee
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Cutteslowe and District Community Association
Independent Examiner's Report to the Trustees of Cutteslowe and District Community Association
Year ended 31 March 2021
I report to the trustees on my examination of the financial statements of Cutteslowe and District Community Association ('the charity') for the year ended 31 March 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Nicola Jane Cadwallader FCCA Independent Examiner
For and On Behalf of David Cadwallader & Co Limited Suite 3 Bignell Park Barns Chesterton Bicester Oxon OX26 1TD
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Cutteslowe and District Community Association
Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 3 | 91,474 | 16,093 | 107,567 | 82,199 |
| Charitable activities | 4 | (235) | – | (235) | 19,478 |
| Other trading activities | 5 | – | – | – | 1,548 |
| Investment income | 6 | 120 | – | 120 | 207 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 91,359 | 16,093 | 107,452 | 103,432 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 71,029 | 18,551 | 89,580 | 133,613 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 71,029 | 18,551 | 89,580 | 133,613 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income/(expenditure) | 20,330 | (2,458) | 17,872 | (30,181) | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Transfers between funds | (612) | 612 | – | – | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net movement in funds | 19,718 | (1,846) | 17,872 | (30,181) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 54,438 | 15,380 | 69,818 | 100,000 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 74,156 | 13,534 | 87,690 | 69,818 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 11 to 18 form part of these financial statements.
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Cutteslowe and District Community Association
Statement of Financial Position
31 March 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 14 | 788 | 1,558 | |
| Current assets | ||||
| Debtors | 15 | 1,606 | 1,096 | |
| Cash at bank and in hand | 86,488 | 69,264 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| 88,094 | 70,360 | |||
| Creditors: amounts falling due within one year | 16 | 1,192 | 2,099 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net current assets | 86,902 | 68,261 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Total assets less current liabilities | 87,690 | 69,819 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net assets | 87,690 | 69,819 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| Funds of the charity | ||||
| Restricted funds | 13,534 | 15,380 | ||
| Unrestricted funds | 74,156 | 54,438 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Total charity funds | 19 | 87,690 | 69,818 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 27 January 2022, and are signed on behalf of the board by:
Ann Childs Chair and Trustee
Donald Anderson Treasurer and Trustee
Ann Johnson Finance Committee Chair and Trustee
The notes on pages 11 to 18 form part of these financial statements.
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Cutteslowe and District Community Association
Accounting Policies
Year ended 31 March 2021
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis. In making their assessment the Trustees have considered the impact of Covid-19 as outlined in the Trustees' Annual Report.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are general funds available for the general objectives of the charity.
Designated funds are unrestricted reserves that have been set aside by the Charity for particular purposes.
Restricted funds can only be used for the purposes for which they have been given, within the objectives of the Charity. The costs of raising and administering such funds are charged against those specific funds. The various funds are detailed in the notes to the accounts.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
•income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
•legacy income is recognised when receipt is probable and entitlement is established.
•income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
•income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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Cutteslowe and District Community Association
Accounting Policies (continued)
Year ended 31 March 2021
Resources expended
Expenditure is included on the accruals basis and is recognised when there is a legal or constructive obligation to pay for the goods or services.
As the Charity is not registered for VAT, all expenditure is shown inclusive of VAT.
Tangible assets
All capital expenditure in excess of £1,000, for a single item or a group of similar items, is capitalised.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 20% straight line Computer Equipment - 33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
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Cutteslowe and District Community Association
Accounting Policies (continued)
Year ended 31 March 2021
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
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Cutteslowe and District Community Association
Notes to the Financial Statements
Year ended 31 March 2021
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 31 Wren Road, Oxford, OX2 7SX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Gift Aid | 2,877 | – | 2,877 |
| Appeals, donations and pledges | 17,965 | 806 | 18,771 |
| Summertown/ Wolvercote Church Partnership | – | – | – |
| City and County Councillors | 500 | 344 | 844 |
| Oxford City Council | – | 736 | 736 |
| Grants | |||
| Grants receivable | – | – | – |
| Oxford City Council | 3,500 | – | 3,500 |
| Oxfordshire County Council | – | – | – |
| Tolkein Trust | 15,000 | – | 15,000 |
| St Michael's & All Saints Trust | – | – | – |
| St Margaret's Institute | 9,847 | – | 9,847 |
| Mactaggart Third Fund | – | 1,000 | 1,000 |
| Oxford Community Foundation | – | 3,817 | 3,817 |
| River Learning Trust | – | – | – |
| Wates Foundation | 4,636 | 4,000 | 8,636 |
| Government grant income | 37,149 | 5,390 | 42,539 |
| Other donations and legacies | |||
| Doris Field | – | – | – |
| Jean Fooks | – | – | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 91,474 | 16,093 | 107,567 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Gift Aid | 2,577 | – | 2,577 |
| Appeals, donations and pledges | 13,892 | 641 | 14,533 |
| Summertown/ Wolvercote Church Partnership | – | 500 | 500 |
| City and County Councillors | 10,838 | – | 10,838 |
| Oxford City Council | – | – | – |
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Cutteslowe and District Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Grants | |||
| Grants receivable | – | 250 | 250 |
| Oxford City Council | – | 5,000 | 5,000 |
| Oxfordshire County Council | – | 16,000 | 16,000 |
| Tolkein Trust | 15,000 | – | 15,000 |
| St Michael's & All Saints Trust | – | 6,000 | 6,000 |
| St Margaret's Institute | – | – | – |
| Mactaggart Third Fund | – | 2,500 | 2,500 |
| Oxford Community Foundation | – | – | – |
| River Learning Trust | – | 3,000 | 3,000 |
| Wates Foundation | – | – | – |
| Government grant income | – | – | – |
| Other donations and legacies | |||
| Doris Field | – | 1,000 | 1,000 |
| Jean Fooks | 5,001 | – | 5,001 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 47,308 | 34,891 | 82,199 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
4. Charitable activities
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Playscheme fees | – | – | – |
| Art club fees | – | – | – |
| Dance club fees | – | – | – |
| Community lunch/cafe | – | – | – |
| Room hire | (235) | – | (235) |
| ৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄ | |
| (235) | – | (235) | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Playscheme fees | – | 2,149 | 2,149 |
| Art club fees | – | 34 | 34 |
| Dance club fees | – | 39 | 39 |
| Community lunch/cafe | 682 | – | 682 |
| Room hire | 16,574 | – | 16,574 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 17,256 | 2,222 | 19,478 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
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Cutteslowe and District Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2021
5. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Fundraising events | – | – | 1,198 | 1,198 | |
| Bingo | – | – | 350 | 350 | |
| ৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| – | – | 1,548 | 1,548 | ||
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 120 | 120 | 207 | 207 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ |
7. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| General Centre running costs | 69,933 | – | 69,933 |
| Playscheme | – | – | – |
| Art Club | – | 2,363 | 2,363 |
| Family Film Club | – | – | – |
| Dance Club | – | 1,697 | 1,697 |
| Street Party | – | – | – |
| Sunnymead Minnows | – | 7,739 | 7,739 |
| Seniors | – | 3,532 | 3,532 |
| Newsletter | – | – | – |
| Community Larder | – | 3,220 | 3,220 |
| Support costs | 1,096 | – | 1,096 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 71,029 | 18,551 | 89,580 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| General Centre running costs | 99,203 | – | 99,203 |
| Playscheme | – | 15,779 | 15,779 |
| Art Club | – | 1,861 | 1,861 |
| Family Film Club | – | 550 | 550 |
| Dance Club | – | 179 | 179 |
| Street Party | – | 15 | 15 |
| Sunnymead Minnows | – | 11,122 | 11,122 |
| Seniors | – | 3,532 | 3,532 |
| Newsletter | – | 293 | 293 |
| Community Larder | – | – | – |
| Support costs | 1,080 | – | 1,079 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 100,283 | 33,331 | 133,613 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
- 13 -
Cutteslowe and District Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2021
8. Expenditure on charitable activities by activity type
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | ||||
| directly | of activities Support | costs | 2021 | 2020 | |||
| £ | £ | £ | £ | £ | |||
| General Centre running | |||||||
| costs | 69,933 | – | – | 69,933 | 99,203 | ||
| Playscheme | – | – | – | – | 15,779 | ||
| Art Club | 2,363 | – | – | 2,363 | 1,861 | ||
| Family Film Club | – | – | – | – | 550 | ||
| Dance Club | 1,697 | – | – | 1,697 | 179 | ||
| Street Party | – | – | – | – | 15 | ||
| Sunnymead Minnows | 7,739 | – | – | 7,739 | 11,122 | ||
| Seniors | 3,532 | – | – | 3,532 | 3,532 | ||
| Newsletter | – | – | – | – | 293 | ||
| Community Larder | – | 3,220 | – | 3,220 | – | ||
| Governance costs | – | – | 1,096 | 1,096 | 1,079 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 85,264 | 3,220 | 1,096 | 89,580 | 133,613 | |||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| 9. | Net income/(expenditure) | ||||||
| Net income/(expenditure) is stated after | charging/(crediting): | ||||||
| 2021 | 2020 | ||||||
| £ | £ | ||||||
| Depreciation of tangible fixed assets | 770 | 770 | |||||
| ৶৶৶৶ | ৶৶৶৶ | ||||||
| 10. | Independent examination | fees | |||||
| 2021 | 2020 | ||||||
| £ | £ | ||||||
| Fees payable to the | independent examiner for: | ||||||
| Independent examination of the financial statements | 990 | 990 | |||||
| ৶৶৶৶ | ৶৶৶৶ | ||||||
| 11. | Staff costs | ||||||
| The total staff costs | and employee benefits for the reporting period are analysed as | follows: | |||||
| 2021 | 2020 | ||||||
| £ | £ | ||||||
| Wages and salaries | 31,448 | 47,172 | |||||
| Employer contributions to pension plans | 1,007 | 940 | |||||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||||||
| 32,455 | 48,112 | ||||||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||||||
| The Charity employees staff as follows: | |||||||
| Centre manager | 25 hours a week | ||||||
| Administration assistant | 20 hours a week | ||||||
| Seniors co-ordinator 22 hours per calendar month | |||||||
| Art club leader | 2 hours a week | ||||||
| Dance Club leader | 1.5 hours a week |
The charity received income of £23,109 under the Government Job Rentention Scheme, the income being shown within Government Grant income in Note 3.
- 14 -
Cutteslowe and District Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2021
11. Staff costs (continued)
The average head count of employees during the year was 5 (2020: 6).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Transfers between funds
Where expenditure on a restricted fund exceeds income, the balance is covered by a transfer from general reserves.
The detail is shown in note 19.
14. Tangible fixed assets
| Fixtures and | ||||
|---|---|---|---|---|
| fittings | Equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2020 and 31 March 2021 | 7,352 | 1,773 | 9,125 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Depreciation | ||||
| At 1 April 2020 | 6,982 | 585 | 7,567 | |
| Charge for the year | 185 | 585 | 770 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| At 31 March 2021 | 7,167 | 1,170 | 8,337 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Carrying amount | ||||
| At 31 March 2021 | 185 | 603 | 788 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| At 31 March 2020 | 370 | 1,188 | 1,558 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 15. | Debtors | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Other debtors | 1,606 | 1,096 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |||
| 16. | Creditors: amounts falling due within one year | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Accruals and deferred income | 990 | 990 | ||
| Other creditors | 202 | 1,109 | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |||
| 1,192 ৶৶৶৶৶৶৶ |
2,099 ৶৶৶৶৶৶৶ |
- 15 -
Cutteslowe and District Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2021
17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,007 (2020: £940).
18. Government grants
The amounts recognised in the financial statements for government grants are as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | 42,539 ৶৶৶৶৶৶৶৶ |
– ৶৶৶৶ |
19. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | 31 March | ||||
| 1 April 2020 | Income | Expenditure | Transfers | 2021 | ||
| £ | £ | £ | £ | £ | ||
| General funds | 30,592 | 77,512 | (37,623) | (612) | 69,869 | |
| Centre Assistant | – | – | – | – | – | |
| Playscheme | – | – | – | – | – | |
| Centre refurbishment | 23,846 | 13,847 | (33,406) | – | 4,287 | |
| Seniors | – | – | – | – | – | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 54,438 | 91,359 | (71,029) | (612) | 74,156 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| At | At | 31 March | ||||
| 1 April 2019 | Income | Expenditure | Transfers | 2020 | ||
| £ | £ | £ | £ | £ | ||
| General funds | 29,542 | 42,975 | (53,412) | 11,487 | 30,592 | |
| Centre Assistant | 2,927 | – | (2,927) | – | – | |
| Playscheme | 2,500 | – | – | (2,500) | – | |
| Centre refurbishment | 44,446 | 23,344 | (43,944) | – | 23,846 | |
| Seniors | 915 | – | – | (915) | – | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 80,330 ৶৶৶৶৶৶৶৶ |
66,319 ৶৶৶৶৶৶৶৶ |
(100,283) ৶৶৶৶৶৶৶৶৶ |
8,072 ৶৶৶৶৶৶৶৶ |
54,438 ৶৶৶৶৶৶৶৶ |
- 16 -
Cutteslowe and District Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2021
19. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | At 31 March | ||||
| 1 April 2020 | Income | Expenditure | Transfers | 2021 | |
| £ | £ | £ | £ | £ | |
| Newsletter | 77 | – | – | – | 77 |
| Playscheme | – | – | – | – | – |
| Girls R Us | – | – | – | – | – |
| Art Club | – | 1,961 | (2,362) | 401 | – |
| Dance Club | 1,144 | 578 | (1,697) | – | 25 |
| Seniors | – | 3,086 | (3,532) | 446 | – |
| Allotment Club | – | – | – | – | – |
| Street Party | – | – | – | – | – |
| Sunnymead Minnows | 13,265 | 5,114 | (7,740) | – | 10,639 |
| Good Neighbour | |||||
| Scheme | 93 | – | – | – | 93 |
| Boys Club | – | – | – | – | – |
| Small & Vital | – | – | – | – | – |
| Family Film Club | 566 | – | – | – | 566 |
| 50s Connect | 235 | – | – | (235) | – |
| Dorris Field | – | – | – | – | – |
| Community Larder | – | 5,354 | (3,220) | – | 2,134 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 15,380 | 16,093 | (18,551) | 612 | 13,534 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| At | At 31 March | ||||
| 1 April 2019 | Income | Expenditure | Transfers | 2020 | |
| £ | £ | £ | £ | £ | |
| Newsletter | 370 | – | (293) | – | 77 |
| Playscheme | 1,349 | 14,649 | (15,779) | (219) | – |
| Girls R Us | 294 | – | – | (294) | – |
| Art Club | 1,122 | 34 | (1,861) | 705 | – |
| Dance Club | 1,284 | 39 | (179) | – | 1,144 |
| Seniors | – | – | (3,532) | 3,532 | – |
| Allotment Club | 470 | – | – | (470) | – |
| Street Party | 15 | – | (15) | – | – |
| Sunnymead Minnows | 7,368 | 21,391 | (11,122) | (4,372) | 13,265 |
| Good Neighbour | |||||
| Scheme | 93 | – | – | – | 93 |
| Boys Club | 950 | – | – | (950) | – |
| Small & Vital | 124 | – | – | (124) | – |
| Family Film Club | 1,116 | – | (550) | – | 566 |
| 50s Connect | 5,115 | – | – | (4,880) | 235 |
| Dorris Field | – | 1,000 | – | (1,000) | – |
| Community Larder | – | – | – | – | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 19,670 | 37,113 | (33,331) | (8,072) | 15,380 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 17 -
Cutteslowe and District Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2021
20. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 788 | – | 788 |
| Current assets | 74,560 | 13,534 | 88,094 |
| Creditors less than 1 year | (1,192) | – | (1,192) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net assets | 74,156 | 13,534 | 87,690 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Tangible fixed assets | 1,558 | – | 1,558 |
| Current assets | 54,980 | 15,380 | 70,360 |
| Creditors less than 1 year | (2,099) | – | (2,099) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net assets | 54,439 | 15,380 | 69,819 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
21. Related parties
No transactions with related parties were undertaken such as are required to be disclosed under the FRS102.
- 18 -
Cutteslowe and District Community Association
Management Information
Year ended 31 March 2021
The following pages do not form part of the financial statements.
- 19 -
Cutteslowe and District Community Association
Detailed Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Gift Aid | 2,877 | 2,577 |
| Appeals, donations and pledges | 18,771 | 14,533 |
| Summertown/ Wolvercote Church Partnership | – | 500 |
| City and County Councillors | 844 | 10,838 |
| Oxford City Council | 736 | – |
| Grants receivable | – | 250 |
| Oxford City Council | 3,500 | 5,000 |
| Oxfordshire County Council | – | 16,000 |
| Tolkein Trust | 15,000 | 15,000 |
| St Michael's & All Saints Trust | – | 6,000 |
| St Margaret's Institute | 9,847 | – |
| Mactaggart Third Fund | 1,000 | 2,500 |
| Oxford Community Foundation | 3,817 | – |
| River Learning Trust | – | 3,000 |
| Wates Foundation | 8,636 | – |
| Government grant income | 42,539 | – |
| Doris Field | – | 1,000 |
| Jean Fooks | – | 5,001 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 107,567 | 82,199 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Charitable activities | ||
| Playscheme fees | – | 2,149 |
| Art club fees | – | 34 |
| Dance club fees | – | 39 |
| Community lunch/cafe | – | 682 |
| Room hire | (235) | 16,574 |
| ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| (235) | 19,478 | |
| ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Other trading activities | ||
| Fundraising events | – | 1,198 |
| Bingo | – | 350 |
| ৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| – | 1,548 | |
| ৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Investment income | ||
| Bank interest receivable | 120 | 207 |
| ৄৄৄৄ | ৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total income | 107,452 ৶৶৶৶৶৶৶৶৶ |
103,432 ৶৶৶৶৶৶৶৶৶ |
- 20 -
Cutteslowe and District Community Association
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Purchases | – | 293 |
| Wages and salaries | 31,448 | 47,172 |
| Pension costs | 1,007 | 940 |
| Rates and water | 243 | 2,221 |
| Light and heat | 1,810 | 1,573 |
| Repairs and maintenance | 33,591 | 230 |
| Insurance | 962 | 995 |
| Other establishment | 6,098 | 7,550 |
| Legal and professional fees | 601 | 2,543 |
| Telephone | 732 | 780 |
| Other office costs | 11,869 | 16,903 |
| Depreciation | 770 | 770 |
| Centre Refurbishment | 449 | 51,643 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 89,580 | 133,613 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total expenditure | 89,580 | 133,613 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net income/(expenditure) | 17,872 ৶৶৶৶৶৶৶৶ |
(30,181) ৶৶৶৶৶৶৶৶৶ |
- 21 -
Cutteslowe and District Community Association
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| General Centre running costs | ||
| Activities undertaken directly | ||
| Wages/salaries | 29,085 | 31,550 |
| Pension costs | 1,007 | 940 |
| Rates & water | 243 | 2,221 |
| Light & heat | 1,810 | 1,573 |
| Repairs & maintenance | 33,591 | 230 |
| Insurance | 962 | 995 |
| Other establishment | 869 | 1,821 |
| Legal and professional fees | (495) | 1,464 |
| Telephone | 732 | 780 |
| Other office costs | 910 | 5,216 |
| Depreciation | 770 | 770 |
| Centre refurbishment | 449 | 51,643 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 69,933 | 99,203 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Playscheme | ||
| Activities undertaken directly | ||
| Wages/salaries | – | 10,229 |
| General expenses | – | 5,550 |
| ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| – | 15,779 | |
| ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Art Club | ||
| Activities undertaken directly | ||
| Wages/salaries | 2,363 | 1,861 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Family Film Club | ||
| Activities undertaken directly | ||
| Other office costs | – | 550 |
| ৄৄৄৄ | ৄৄৄৄ | |
| Dance Club | ||
| Activities undertaken directly | ||
| Direct charitable activity 8 - other establishment | 1,697 | 179 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | |
| Street Party | ||
| Activities undertaken directly | ||
| Other office costs | – | 15 |
| ৄৄৄৄ | ৄৄৄৄ | |
| Sunnymead Minnows |
- 22 -
Cutteslowe and District Community Association
Notes to the Detailed Statement of Financial Activities (continued)
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Activities undertaken directly | ||
| Other office costs | 7,739 | 11,122 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Seniors | ||
| Activities undertaken directly | ||
| Wages/salaries | – | 3,532 |
| Other establishment | 3,532 | – |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 3,532 | 3,532 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Newsletter | ||
| Activities undertaken directly | ||
| Purchases | – | 293 |
| ৄৄৄৄ | ৄৄৄৄ | |
| Community Larder | ||
| Grant funding activities | ||
| Other office costs | 3,220 | – |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | |
| Governance costs | ||
| Governance costs - accountancy fees | 1,096 | 1,079 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | 89,580 ৶৶৶৶৶৶৶৶ |
133,613 ৶৶৶৶৶৶৶৶৶ |
- 23 -