**Riverside Community Association Ltd** Riverside Centre, 113 Culvers Avenue, Carshalton, SM5 2FJ **Tel:** 020 8669 9050 **www.riversidecentre.org** # **RIVERSIDE COMMUNITY ASSOCIATION LIMITED (RCAL)** Riverside Centre, 113 Culvers Avenue, Carshalton. SM5 2FJ  020 8669 9050  www.riversidecentre.org Registered Charity: 1156422 ## **Trustees Report** ## 1. This Trustees Report relates to the Financial Year 2019/2020. 2. The Report is signed and approved, as per the Annual General Meeting, held on 8 September 2021. 3. The Report and Financial Statements for the year ended to 31 March 2020 are included, as prepared by the Chartered Accountant. 4. a. The Charity is known as the Riverside Community Association Limited. The Charity Number is 1156422. The Registered Address is the Riverside Centre, 113 Culvers Avenue, Carshalton. SM5 2FJ. b. The Trustees for the Financial Year 2019/2020: Mr Roger Mills Mrs Susan Stears Mr Roger Thistle Trustees are appointed, by nomination and seconding, at the Annual General Meeting. Registered Charity No: 1156422 | Company Number: 8555270 **Riverside Community Association Ltd** Riverside Centre, 113 Culvers Avenue, Carshalton, SM5 2FJ **Tel:** 020 8669 9050 **www.riversidecentre.org** c. The Charity’s Bank: Lloyds Bank. 49 – 53 High Street, Sutton. SM1 1DT Independent Financial Examiner: Dunstanette Kuti, Head of Financial Services, Community Action Sutton, 73 – 79 Oakhill Road, Sutton, SM1 3AA. d. The Riverside Community Association Limited is a Registered Charity and holds it governing document in its Constitution. e. There are no restrictions on the way the Charity can operate f. There are no specific investment powers. 5. The objects of the Association are to: - a) promote the benefit of the inhabitants of the Wards of St.Helier, Wandle Valley and The Wrythe, (hereinafter called ‘the area of benefit’), without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants; - b) Establish, or secure the establishment of a Community Centre (hereinafter called ‘the Centre’), and to maintain and manage the same (whether alone or in cooperation with any local authority or other person or body) in furtherance of these objects. Registered Charity No: 1156422 | Company Number: 8555270 **Riverside Community Association Ltd** Riverside Centre, 113 Culvers Avenue, Carshalton, SM5 2FJ **Tel:** 020 8669 9050 **www.riversidecentre.org** - c) Promote such other charitable purposes as may from time to time be determined. The Association shall be non-party in politics and non-sectarian in religion. The Association has adopted a range of polices including Equal Opportunities, Personnel, Child Protection and Grievance Procedure to enable it to carry out its work. 6. The Trustees, along with the Management Committee (Executive) oversee the work of the Association. A Business Development and Partnership Manager is employed to manage the day-today workings of the Association. In addition, there are 12 paid members of staff, both full and part time, who support the work of the Association. The Association acknowledges and is grateful to the work of its entire staff in achieving its aims. 7. The Riverside Community Association Limited works in partnership with many other agencies, organisations and groups. These include our funders, as well as both statutory and voluntary bodies. 8. A copy of the Annual Report is attached. This details, briefly, the successes of the year, as well as some of the challenges facing the Association in the year to come. This Report also demonstrates, on behalf of the Association, the public benefit that the Association provides in its work. 9. The Charity is extremely grateful to its volunteers, who number approximately 8 in total, for their commitment to the work of the Association. These volunteers give freely of their own time. 10. The Association does not hold assets on behalf of others. 11. The Association does have a reserves policy and is working to manage those reserves appropriately. The Association is not a grant giving body. 12. There are no funds in deficit for this financial year. Registered Charity No: 1156422 | Company Number: 8555270 **Riverside Community Association Ltd** Riverside Centre, 113 Culvers Avenue, Carshalton, SM5 2FJ **Tel:** 020 8669 9050 **www.riversidecentre.org** 13. The Trustees, having reviewed their accounts, have not identified any major risks. Signed On behalf of the Riverside Community Association Limited Trustees ## Date Registered Charity No: 1156422 | Company Number: 8555270 Registered Charity Number: 1156422 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** **REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2021** Registered Charity Number **:** 1156422 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** **CONTENTS Page Reference and Administrative Information 1 Trustee’s Report 2 Independent Examiners Report 3 Statement of Financial Activities 4 Balance Sheet 5 Notes to the Financial Statements 6-10** Registered Charity Number: 1156422 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021** ## **Reference and Administrative Information** **----- Start of picture text -----**
Charity Name: Riverside Community Association Limited
Registered Charity number: 1156422
Registered Office: Riverside Centre, 113 Culvers Avenue, Carshalton, SM5 2FJ
Trustees:
The Trustees who served during the period were as follows:
Mrs Susan Stears
Mr Roger Thistle
Mr Roger Mills
Mr Robert Frogley
Bankers: Lloyds Bank, High Street, PO Box 1000, Sutton, BX1 1LT
Insurers: Ansvar Insurance, Ansvar House, St Leonards Road,
Eastbourne, East Sussex, BN21 3UR
Accountants: Community Action Sutton
Granfers Community Centre
73-79 Oakhill Road
Sutton
SM1 1AA
**----- End of picture text -----**
1 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** **TRUSTEES’ REPORT** **FOR THE YEAR ENDED 31 MARCH 2021** To insert- This report was approved by the Trustees and signed on their behalf by: Mrs Susan Stears, Chair Trustee 2 ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF RIVERSIDE COMMUNITY ASSOCIATION LIMITED** I report on the accounts of the charity company for the year ended 31 March 2021, which are set out on pages 4 to 10. ## **Respective responsibilities of trustees and examiner** The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - Examine the accounts under section 145 of the 2011 Act; - To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - To state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those set out in the statement below. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: - (1) Which gives me reasonable cause to believe that in any material respect the requirements: - To keep accounting records in accordance with section 386 of the Companies Act 2006: and - To prepare accounts which accord with accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (January 2015), ## Have not been met; or (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dunstanette Kuti FCCA MCSI Community Action Sutton Granfers Community Centre 73-79 Oakhill Road Sutton, Surrey, SM1 3AA Date ………………………………….. 3 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** ## **Statement of Financial Activities for the year ended 31 March 2021** **----- Start of picture text -----**
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
Note £ £ £ £
Income from:
Donations
- 986 986 1,064
Charitable Activities
23,828 5,831 29,660 96,236
Grants
54,713 132,679 187,392 57,606
Total
2 78,541 139,497 218,038 154,906
Expenditure on:
Charitable Activities 3 87,097 90,744 177,841 183,223
Total 87,097 90,744 177,841 183,223
Net Income / (expenditure) (8,556) 48,753 40,197 (28,317)
Transfers between funds - -
Net movement in funds (8,556) 48,753 40,197 (28,317)
Total Funds brought forward 23,459 38,253 61,712 90,029
Total Funds carried forward 9 14,903 87,006 101,908 61,712
**----- End of picture text -----**
**The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.** 4 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** ## **Balance sheet as at 31 March 2021** **----- Start of picture text -----**
Note 2021 2020
£ £
CURRENT ASSETS:
Debtors & Prepayments 7 19,907 10,490
Cash at bank and in hand 84,410 58,159
104,317 68,650
CREDITORS : amounts failing due within one
year
Creditors 8 2,409 6,938
NET CURRENT ASSETS: 101,908 61,712
NET ASSETS 101,908 61,712
THE FUNDS
Restricted 9 87,006 38,253
Unrestricted 9 14,903 23,459
101,908 61,712
**----- End of picture text -----**
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. No members have required the company to obtain an audit of its accounts for the year in question, under Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies’ subject the small company’s regime. ## BEHALF OF THE BOARD: Approved by the Board on …………………………..Date : 2021 Approved by the Board on ………………………….. Date : 2021 5 **RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **1. ACCOUNTING POLICIES** ## a) Accounting Conventions The Financial Statements have been prepared in accordance with applicable accounting standards under the historical cost convention and in accordance with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities. ## b) Fund Accounting Restricted Funds are those received which have been earmarked for a special purpose by the donor. Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity. ## c) Incoming Resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Voluntary income is received by way of grants and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant. Activities for generating funds consist of room hire and are accounted for on a receivable basis. Surplus funds are invested in a bank deposit account to earn interest. Interest received is included when receivable. Interest is credited to the unrestricted fund to offset overheads. Incoming resources from the charitable activities consists of grants, which are related to performance and are accounted for as the Charity earns the right to consideration by its performance. Other sources of Incoming resources from the charitable activities consist of fees and Cafe takings accounted for on a receivable basis. ## d) Resources Expended Expenditure is recognised on an accrual basis as a liability is incurred. Cost of generating funds comprises the costs associated with attracting future Income. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the Independent Examination fees and costs linked to the strategic management of the Charity. 6 **RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (continued)** ## **1. ACCOUNTING POLICIES (continued)** - d) Resources Expended (continued) Costs are allocated to charitable activities and the Community Centre on the basis of usage. Costs relating to a particular activity are allocated directly, other overheads are apportioned on an appropriate basis see note. ## e) Depreciation All fixed assets purchased over 6500 are capitalised and Depreciation is provided on all capitalised assets on a Straight-line basis as below: Office Furniture 8 Equipment 25% per annum Computer Equipment 50% per annum Motor Vehicles 20% per annum - f) Recognition of Liabilities Liabilities are recognised on an accrual basis. - g) Taxation As the Company is a registered Charity Company (Registration No: 1156422), carrying out charitable purposes, it is exempt from corporation tax. ## h) Transfers between funds Trustees have the authority to transfer amounts out of the unrestricted funds into the restricted funds when required. 7 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (continued)** ## **2. INCOME FROM CHARITABLE ACTIVITY** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Unrestricted|Restricted| |Funds|Funds|Total 2021|Total 2020| |£|£|£|£| |Grant & HMRC JRS|54,713|132,679|187,392|57,606| |Donation|-|986|986|1,064| |Charitable Activities:| |Course|-|1,719|1,719|8,821| |PayPal Income|-|470|470|-| |Project Management Charge|8,178|-|8,178|5,607| |Projects|-|3,643|3,643|-| |Refreshments|-|-|-|95| |Room Hire|15,650|-|15,650|73,636| |Cafe Takings|-|-|-|4,154| |Other|-|-|-|3,924| |78,541|139,497|218,038|154,906| |3. EXPENDITURE ON CHARITABLE ACTIVITIES| |Unrestricted|Restricted| |Funds|Funds|Total 2021|Total 2020| |£|£|£|£| |Management and Admin (Note 4)|6,928|900|7,828|6,439| |Premises Costs|17,452|451|17,903|28,539| |Project Costs|-|25,383|25,383|16,709| |Salary (Note 5)|62,325|64,010|126,335|130,479| |Stock|392|-|392|1,058| |87,097|90,744|177,841|183,223| |4. MANAGEMENT EXPENDITURE| |Unrestricted|Restricted| |Funds|Funds|Total 2021|Total 2020| |£|£|£|£| |Accountancy & Audit|1,580|-|1,580|770| |Payroll charge|1,451|-|1,451|1,640| |Bank Charges|93|-|93|132| |Insurance|2,496|-|2,496|2,474| |Personnel|246|-|246|110| |Governance|1,063|900|1,963|1,086| |6,928|900|7,828|6,211| **----- End of picture text -----**
8 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (continued)** ## **5. STAFF COSTS** |Salaries
Redundancy
Social Security costs
Pension costs|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total 2021**
**Total 2020**
**£**
**£**
**£**
**£**
58,628
61,841
120,469
124,399
-
860
860
-
2,028
713
2,741
4,007
1,669
596
2,265
2,300| |---|---| ||62,325
64,010
126,335
130,706| During the year no Trustees received any remuneration (2020 –Nil) During the year no Trustees received any benefits in kind (2020 –Nil) During the year no Trustees received any reimbursement of expenses (2020 –Nil) |**FIXED ASSETS**|| |---|---| |**Fixed Assets**
**General**
**Fund**
**Computers**
**NLDC IT**|**TimeOut YP**
**Total**| |Cost
12,996
1,050
18,860|40,829
73,735| |Additions
**-**
-
-|-
-| |**As at 31 March 2021**
**12,996**
**1,050**
**18,860**|**40,829**
**73,735**| ||| |Accumulated
Depreciation
**12,996**
**1,050**
**18,860**|**40,829**
73,735| |Charge
**-**
-
-|
-
-| |**As at 31 March 2021**
**12,996**
**1,050**
**18,860**|**40,829**
**73,209**| ||| |**Net Book Values**|| |**As at 31 March 2020**
**-**
**-**
**-**|**-**
**-**| |**As at 31 March 2021**
-
-
-|-
**-**| ## **6. FIXED ASSETS** ## **7. DEBTORS** |Accounts Receivable
Undeposited Funds|**2021**
**2020**
**£**
**£**
19,907
6,251
-
4,240| |---|---| ||19,907
10,490| 9 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (continued)** ## **8. CREDITORS – Amounts falling within one year** |Other Creditors
Accounts Payable
Refundable deposits
Accrued expenses|**2021**
**2020**
**£**
**£**
-
2,235
1,599
4,554
-
150
810
0| |---|---| ||2,409
6,938| ## **9. STATEMENT OF FUNDS** |**Unrestricted Funds**
Riverside Centre
General
**Restricted Funds**
All Things Tech
Community Café
Community Space
Family Support Hub
Total Food Support
Total Holiday Camp
MTVH
Total Skoot
Total TOYP
RCA Core Funding
Youth Fund
Community & Family
Café/Shop
Interact
SMS
Social Integration Fund
SCVS
Transit
WCS
**TOTAL FUNDS**|**At 31-**
**Mar-2020**
**Income**
**Expenditure**
**£**
**£**
**£**
(41,969)
78,541
(87,097)
65,427
-
-|**Transfer**
**At 31-**
**Mar-2021**
**£**
**£**
(50,525)
65,427| |---|---|---| ||23,458
78,541
(87,097)|-
14,902| ||(1,411)
8416.18
(7,864)
-
2,815
(4,190)
-
22,610
(5,072)
-
10
-
-
600
-
-
439
(343)
-
-
(3,113)
-
2,946
(3,868)
28,409
101,660
(66,295)
4,292
-
-
19,496
-
-
(1,886)
-
-
(4,622)
-
-
(300)
-
-
(103)
-
-
(1,580)
-
-
3,813
-
-
(797)
-
-
(7,057)
-
-|(859)
(1,374)
17,538
10
600
96
(3,113)
(922)
63,774
4,292
19,496
(1,886)
(4,622)
(300)
(103)
(1,580)
3,813
(797)
(7,057)| ||38,253
139,497
(90,744)|-
87,006| |||| ||61,712
218,038
(177,841)|-
101,908| ## 10. **PENSION COMMITMENTS** The charity operates a defined contribution stakeholder pension scheme. 10 Registered Charity Number: 1156422 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** **REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2021** Registered Charity Number **:** 1156422 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** **CONTENTS Page Reference and Administrative Information 1 Trustee’s Report 2 Independent Examiners Report 3 Statement of Financial Activities 4 Balance Sheet 5 Notes to the Financial Statements 6-10** Registered Charity Number: 1156422 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021** ## **Reference and Administrative Information** **----- Start of picture text -----**
Charity Name: Riverside Community Association Limited
Registered Charity number: 1156422
Registered Office: Riverside Centre, 113 Culvers Avenue, Carshalton, SM5 2FJ
Trustees:
The Trustees who served during the period were as follows:
Mrs Susan Stears
Mr Roger Thistle
Mr Roger Mills
Mr Robert Frogley
Bankers: Lloyds Bank, High Street, PO Box 1000, Sutton, BX1 1LT
Insurers: Ansvar Insurance, Ansvar House, St Leonards Road,
Eastbourne, East Sussex, BN21 3UR
Accountants: Community Action Sutton
Granfers Community Centre
73-79 Oakhill Road
Sutton
SM1 1AA
**----- End of picture text -----**
1 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** **TRUSTEES’ REPORT** **FOR THE YEAR ENDED 31 MARCH 2021** To insert- This report was approved by the Trustees and signed on their behalf by: Mrs Susan Stears, Chair Trustee 2 ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF RIVERSIDE COMMUNITY ASSOCIATION LIMITED** I report on the accounts of the charity company for the year ended 31 March 2021, which are set out on pages 4 to 10. ## **Respective responsibilities of trustees and examiner** The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - Examine the accounts under section 145 of the 2011 Act; - To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - To state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those set out in the statement below. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: - (1) Which gives me reasonable cause to believe that in any material respect the requirements: - To keep accounting records in accordance with section 386 of the Companies Act 2006: and - To prepare accounts which accord with accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (January 2015), ## Have not been met; or (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dunstanette Kuti FCCA MCSI Community Action Sutton Granfers Community Centre 73-79 Oakhill Road Sutton, Surrey, SM1 3AA Date ………………………………….. 3 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** ## **Statement of Financial Activities for the year ended 31 March 2021** **----- Start of picture text -----**
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
Note £ £ £ £
Income from:
Donations
- 986 986 1,064
Charitable Activities
23,828 5,831 29,660 96,236
Grants
54,713 132,679 187,392 57,606
Total
2 78,541 139,497 218,038 154,906
Expenditure on:
Charitable Activities 3 87,097 90,744 177,841 183,223
Total 87,097 90,744 177,841 183,223
Net Income / (expenditure) (8,556) 48,753 40,197 (28,317)
Transfers between funds - -
Net movement in funds (8,556) 48,753 40,197 (28,317)
Total Funds brought forward 23,459 38,253 61,712 90,029
Total Funds carried forward 9 14,903 87,006 101,908 61,712
**----- End of picture text -----**
**The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.** 4 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED** ## **Balance sheet as at 31 March 2021** **----- Start of picture text -----**
Note 2021 2020
£ £
CURRENT ASSETS:
Debtors & Prepayments 7 19,907 10,490
Cash at bank and in hand 84,410 58,159
104,317 68,650
CREDITORS : amounts failing due within one
year
Creditors 8 2,409 6,938
NET CURRENT ASSETS: 101,908 61,712
NET ASSETS 101,908 61,712
THE FUNDS
Restricted 9 87,006 38,253
Unrestricted 9 14,903 23,459
101,908 61,712
**----- End of picture text -----**
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. No members have required the company to obtain an audit of its accounts for the year in question, under Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies’ subject the small company’s regime. ## BEHALF OF THE BOARD: Approved by the Board on …………………………..Date : 2021 Approved by the Board on ………………………….. Date : 2021 5 **RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **1. ACCOUNTING POLICIES** ## a) Accounting Conventions The Financial Statements have been prepared in accordance with applicable accounting standards under the historical cost convention and in accordance with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities. ## b) Fund Accounting Restricted Funds are those received which have been earmarked for a special purpose by the donor. Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity. ## c) Incoming Resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Voluntary income is received by way of grants and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant. Activities for generating funds consist of room hire and are accounted for on a receivable basis. Surplus funds are invested in a bank deposit account to earn interest. Interest received is included when receivable. Interest is credited to the unrestricted fund to offset overheads. Incoming resources from the charitable activities consists of grants, which are related to performance and are accounted for as the Charity earns the right to consideration by its performance. Other sources of Incoming resources from the charitable activities consist of fees and Cafe takings accounted for on a receivable basis. ## d) Resources Expended Expenditure is recognised on an accrual basis as a liability is incurred. Cost of generating funds comprises the costs associated with attracting future Income. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the Independent Examination fees and costs linked to the strategic management of the Charity. 6 **RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (continued)** ## **1. ACCOUNTING POLICIES (continued)** - d) Resources Expended (continued) Costs are allocated to charitable activities and the Community Centre on the basis of usage. Costs relating to a particular activity are allocated directly, other overheads are apportioned on an appropriate basis see note. ## e) Depreciation All fixed assets purchased over 6500 are capitalised and Depreciation is provided on all capitalised assets on a Straight-line basis as below: Office Furniture 8 Equipment 25% per annum Computer Equipment 50% per annum Motor Vehicles 20% per annum - f) Recognition of Liabilities Liabilities are recognised on an accrual basis. - g) Taxation As the Company is a registered Charity Company (Registration No: 1156422), carrying out charitable purposes, it is exempt from corporation tax. ## h) Transfers between funds Trustees have the authority to transfer amounts out of the unrestricted funds into the restricted funds when required. 7 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (continued)** ## **2. INCOME FROM CHARITABLE ACTIVITY** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Unrestricted|Restricted| |Funds|Funds|Total 2021|Total 2020| |£|£|£|£| |Grant & HMRC JRS|54,713|132,679|187,392|57,606| |Donation|-|986|986|1,064| |Charitable Activities:| |Course|-|1,719|1,719|8,821| |PayPal Income|-|470|470|-| |Project Management Charge|8,178|-|8,178|5,607| |Projects|-|3,643|3,643|-| |Refreshments|-|-|-|95| |Room Hire|15,650|-|15,650|73,636| |Cafe Takings|-|-|-|4,154| |Other|-|-|-|3,924| |78,541|139,497|218,038|154,906| |3. EXPENDITURE ON CHARITABLE ACTIVITIES| |Unrestricted|Restricted| |Funds|Funds|Total 2021|Total 2020| |£|£|£|£| |Management and Admin (Note 4)|6,928|900|7,828|6,439| |Premises Costs|17,452|451|17,903|28,539| |Project Costs|-|25,383|25,383|16,709| |Salary (Note 5)|62,325|64,010|126,335|130,479| |Stock|392|-|392|1,058| |87,097|90,744|177,841|183,223| |4. MANAGEMENT EXPENDITURE| |Unrestricted|Restricted| |Funds|Funds|Total 2021|Total 2020| |£|£|£|£| |Accountancy & Audit|1,580|-|1,580|770| |Payroll charge|1,451|-|1,451|1,640| |Bank Charges|93|-|93|132| |Insurance|2,496|-|2,496|2,474| |Personnel|246|-|246|110| |Governance|1,063|900|1,963|1,086| |6,928|900|7,828|6,211| **----- End of picture text -----**
8 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (continued)** ## **5. STAFF COSTS** |Salaries
Redundancy
Social Security costs
Pension costs|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total 2021**
**Total 2020**
**£**
**£**
**£**
**£**
58,628
61,841
120,469
124,399
-
860
860
-
2,028
713
2,741
4,007
1,669
596
2,265
2,300| |---|---| ||62,325
64,010
126,335
130,706| During the year no Trustees received any remuneration (2020 –Nil) During the year no Trustees received any benefits in kind (2020 –Nil) During the year no Trustees received any reimbursement of expenses (2020 –Nil) |**FIXED ASSETS**|| |---|---| |**Fixed Assets**
**General**
**Fund**
**Computers**
**NLDC IT**|**TimeOut YP**
**Total**| |Cost
12,996
1,050
18,860|40,829
73,735| |Additions
**-**
-
-|-
-| |**As at 31 March 2021**
**12,996**
**1,050**
**18,860**|**40,829**
**73,735**| ||| |Accumulated
Depreciation
**12,996**
**1,050**
**18,860**|**40,829**
73,735| |Charge
**-**
-
-|
-
-| |**As at 31 March 2021**
**12,996**
**1,050**
**18,860**|**40,829**
**73,209**| ||| |**Net Book Values**|| |**As at 31 March 2020**
**-**
**-**
**-**|**-**
**-**| |**As at 31 March 2021**
-
-
-|-
**-**| ## **6. FIXED ASSETS** ## **7. DEBTORS** |Accounts Receivable
Undeposited Funds|**2021**
**2020**
**£**
**£**
19,907
6,251
-
4,240| |---|---| ||19,907
10,490| 9 ## **RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (continued)** ## **8. CREDITORS – Amounts falling within one year** |Other Creditors
Accounts Payable
Refundable deposits
Accrued expenses|**2021**
**2020**
**£**
**£**
-
2,235
1,599
4,554
-
150
810
0| |---|---| ||2,409
6,938| ## **9. STATEMENT OF FUNDS** |**Unrestricted Funds**
Riverside Centre
General
**Restricted Funds**
All Things Tech
Community Café
Community Space
Family Support Hub
Total Food Support
Total Holiday Camp
MTVH
Total Skoot
Total TOYP
RCA Core Funding
Youth Fund
Community & Family
Café/Shop
Interact
SMS
Social Integration Fund
SCVS
Transit
WCS
**TOTAL FUNDS**|**At 31-**
**Mar-2020**
**Income**
**Expenditure**
**£**
**£**
**£**
(41,969)
78,541
(87,097)
65,427
-
-|**Transfer**
**At 31-**
**Mar-2021**
**£**
**£**
(50,525)
65,427| |---|---|---| ||23,458
78,541
(87,097)|-
14,902| ||(1,411)
8416.18
(7,864)
-
2,815
(4,190)
-
22,610
(5,072)
-
10
-
-
600
-
-
439
(343)
-
-
(3,113)
-
2,946
(3,868)
28,409
101,660
(66,295)
4,292
-
-
19,496
-
-
(1,886)
-
-
(4,622)
-
-
(300)
-
-
(103)
-
-
(1,580)
-
-
3,813
-
-
(797)
-
-
(7,057)
-
-|(859)
(1,374)
17,538
10
600
96
(3,113)
(922)
63,774
4,292
19,496
(1,886)
(4,622)
(300)
(103)
(1,580)
3,813
(797)
(7,057)| ||38,253
139,497
(90,744)|-
87,006| |||| ||61,712
218,038
(177,841)|-
101,908| ## 10. **PENSION COMMITMENTS** The charity operates a defined contribution stakeholder pension scheme. 10