CHARITY REGISTRATION NUMBER: 1157329
Morton Community Centre Unaudited Financial Statements
31 March 2021
GORDON CONSULTANCY LIMITED
Chartered accountants Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
Morton Community Centre
Financial Statements
Year ended 31 March 2021
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Chartered accountant's report to Morton Community Centre on | |
| the unaudited financial information | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 15 |
| Notes to the detailed statement of financial activities | 16 |
Morton Community Centre
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 Morton Community Centre Charity registration number 1157329 Principal office Wigton Road Carlisle Cumbria CA2 6JP
The trustees
Mr C Stothard Mr J Bell Mr G Bird Mr S Sidgwick Mr S Craig Mr G English Mr T Linford Mrs T Sidgwick Accountants Gordon Consultancy Limited Chartered accountants Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
Structure, governance and management
The Centre is non-party in politics and non-sectarian in religion. The Centre is run by a management committee which includes representatives from Carlisle City Council.
Objectives and activities
The Objectives of the Centre are to promote the benefit of the inhabitants of Morton and the neighbourhood by providing facilities, social welfare, recreation and leisure.
Achievements and performance
The 2020/21 fiscal year has been extremely challenging for the Centre due to the Coronavirus. As a trading organisation, we have been able to access the Job Retention Scheme and received significant payments from the Local Authority in the form of Hospitality Grant payments. We applied for and received a considerable Bounce Back Loan, but at the time of writing, have not felt the need to utilise this Loan.
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Morton Community Centre
Trustees' Annual Report (continued)
Year ended 31 March 2021
Achievements and performance (continued)
Our Nursery has remained open for a considerable proportion of the academic year, closing only when general restrictions applied. We have operated our catering service and bar facility when able to do so. In response to local demand, we developed a parent toddler group to support parents who felt particularly isolated at this time. We also provided a much-needed junior playscheme, in partnership with the County Council, during the summer holidays.
We have worked with key professionals to offer the best service we could during the year. The NHS and local Clinical Commissioning Group have utilised our accommodation to provide essential mandatory training to their staff. We were also able to use Covid exemptions to maintain the Alternative Education Service and Pain Relief Clinic through the year.
We have exercised a very tight control on expenditure during the year and this together with the JRS and hospitality grant payments have allowed us to generate a small surplus. We are proposing, once general trading conditions improve, to reinvest some of that small surplus into refurbishing the bar area.
We have managed to maintain several services and cash flow during the fiscal year, without the need for compulsory redundancies. Whilst there have been challenges, we recognise the support given by the Staff and Trustees, ensuring that Centre remains open and providing necessary services to the Community.
Financial review
Reserves Policy:
The Reserve Fund represents the unrestricted funds arising from past operative results. The Trustees are satisfied that this should operate at the equivalent of three months operating expenditure which is satisfactory given the external risk to the Local Authority grant, the contractual obligations of the staff and the ongoing maintenance of the Community Centre not covered by the Lease arrangement with the Local Authority.
Risk Management:
The Management Committee has conducted its own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks.
Internal risks are minimised by the implementation of procedures for authorisation of all transactions and to ensure consistent duty of care and customer satisfaction. These procedures are periodically reviewed to ensure that they still meet the needs of the charity
Plans for future periods
The centre continues to strive to provide the highest possible service to the local residents whilst ensuring that expenditure is controlled.
The trustees' annual report was approved on 31 August 2021 and signed on behalf of the board of trustees by:
Mr C Stothard Trustee
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Morton Community Centre
Chartered Accountant's Report to Morton Community Centre on the Unaudited Financial Information of Morton Community Centre
Year ended 31 March 2021
As described on the statement of financial position, the trustees of the charity are responsible for the preparation of the financial statements for the year ended 31 March 2021, which comprise the statement of financial activities, statement of financial position and the related notes.
You consider that the charity is exempt from an audit under the Charities Act 2011.
In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
GORDON CONSULTANCY LIMITED Chartered accountants
Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
31 August 2021
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Morton Community Centre
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 | 4 | – | 181,146 | 181,146 | 122,100 |
| Other trading activities | 5 | 93,886 | – | 93,886 | 299,201 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 93,886 | 181,146 | 275,032 | 421,301 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 6,7 | 63,535 | 182,032 | 245,567 | 439,354 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 63,535 | 182,032 | 245,567 | 439,354 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income/(expenditure) | 30,351 | (886) | 29,465 | (18,053) | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Transfers between funds | (886) | 886 | – | – | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net movement in funds | 29,465 | – | 29,465 | (18,053) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 34,094 | 17,850 | 51,944 | 69,997 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 63,559 | 17,850 | 81,409 | 51,944 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | 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 6 to 13 form part of these financial statements.
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Morton Community Centre
Statement of Financial Position
31 March 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 13 | 63,788 | 74,988 | |
| Current assets | ||||
| Stocks | 14 | 4,037 | 6,487 | |
| Debtors | 15 | 2,727 | 6,503 | |
| Cash at bank and in hand | 101,054 | 20,771 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| 107,818 | 33,761 | |||
| Creditors: amounts falling due within one year | 16 | 45,197 | 56,805 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net current assets | 62,621 | (23,044) | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Total assets less current liabilities | 126,409 | 51,944 | ||
| Creditors: amounts falling due after more than | ||||
| one year | 17 | 45,000 | – | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net assets | 81,409 | 51,944 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| Funds of the charity | ||||
| Restricted funds | 17,850 | 17,850 | ||
| Unrestricted funds | 63,559 | 34,094 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Total charity funds | 18 | 81,409 | 51,944 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 31 August 2021, and are signed on behalf of the board by:
Mr C Stothard Trustee
The notes on pages 6 to 13 form part of these financial statements.
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Morton Community Centre
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 Wigton Road, Carlisle, Cumbria, CA2 6JP.
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. Accounting policies
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
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
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 available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Morton Community Centre
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
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.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
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.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Support costs are those incurred directly in support of expenditure on the objects of the charity and include project management.
Tangible assets
All fixed assets are initially recorded at cost.
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:
Land and Buildings - 5% straight line Fixtures and Fittings - 15% straight line Equipment - 15% straight line
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Morton Community Centre
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
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 cashgenerating 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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.
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.
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Morton Community Centre
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Financial instruments (continued)
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.
4. Donations and legacies
| Restricted | Total Funds | Restricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Grants | ||||
| Grants receivable | 181,146 | 181,146 | 122,100 | 122,100 |
5. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Weddings | 472 | 472 | 6,501 | 6,501 |
| Centre | 73,738 | 73,738 | 191,861 | 191,861 |
| Nursery | 7,539 | 7,539 | 19,091 | 19,091 |
| Bar Income | 12,137 | 12,137 | 81,748 | 81,748 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 93,886 | 93,886 | 299,201 | 299,201 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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Morton Community Centre
Notes to the Financial Statements (continued)
Year ended 31 March 2021
6. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Centre | 3,614 | 85,190 | 88,804 |
| Nursery | 25,085 | 76,844 | 101,929 |
| Bar | 7,709 | – | 7,709 |
| Support costs | 27,127 | 19,998 | 47,125 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 63,535 | 182,032 | 245,567 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Centre | 198,360 | – | 198,360 |
| Nursery | – | 92,349 | 92,349 |
| Bar | 66,416 | – | 66,416 |
| Support costs | 52,478 | 29,751 | 82,229 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 317,254 | 122,100 | 439,354 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
7. Expenditure on charitable activities by activity type
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | |||
| directly | of activities | Support costs | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| Centre | 7,615 | 81,189 | 30,512 | 119,316 | 265,424 | |
| Nursery | 337 | 101,592 | – | 101,929 | 92,349 | |
| Bar | 7,709 | – | – | 7,709 | 66,416 | |
| Governance costs | – | – | 16,613 | 16,613 | 15,165 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 15,661 | 182,781 | 47,125 | 245,567 | 439,354 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
8. Analysis of support costs
| Centre | Total 2021 | Total 2020 | |
|---|---|---|---|
| £ | £ | £ | |
| Staff costs | 30,512 | 30,512 | 67,064 |
| Governance costs | 17,453 | 17,453 | 15,165 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 47,965 | 47,965 | 82,229 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Net income/(expenditure) | |||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 11,200 ৶৶৶৶৶৶৶৶ |
11,200 ৶৶৶৶৶৶৶৶ |
9. Net income/(expenditure)
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Morton Community Centre
Notes to the Financial Statements (continued)
Year ended 31 March 2021
10. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 114,314 ৶৶৶৶৶৶৶৶৶ |
257,857 ৶৶৶৶৶৶৶৶৶ |
The average head count of employees during the year was 20 (2020: 21). The average number of full-time equivalent employees during the year is analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Number of nursery staff | 8 | 8 |
| Number of centre staff | 4 | 4 |
| Number of management staff | 1 | 1 |
| Number of coffee bar and housekeeping | 7 | 8 |
| ৄৄৄৄ | ৄৄৄৄ | |
| 20 | 21 | |
| ৶৶৶৶ | ৶৶৶৶ |
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
11. Trustee remuneration and expenses
None of the trustees received any remuneration during the period.
12. Transfers between funds
The restricted funds were reviewed during the year and where the restrictions have now been cleared, the amounts were transferred back to unrestricted funds.
13. Tangible fixed assets
| Land and | Fixtures and | ||||
|---|---|---|---|---|---|
| buildings | fittings | Equipment | Total | ||
| £ | £ | £ | £ | ||
| Cost | |||||
| At 1 April 2020 and 31 March 2021 | 215,774 | 6,050 | 152,432 | 374,256 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Depreciation | |||||
| At 1 April 2020 | 143,652 | 4,422 | 151,194 | 299,268 | |
| Charge for the year | 9,381 | 907 | 912 | 11,200 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| At 31 March 2021 | 153,033 | 5,329 | 152,106 | 310,468 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Carrying amount | |||||
| At 31 March 2021 | 62,741 | 721 | 326 | 63,788 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| At 31 March 2020 | 72,122 | 1,628 | 1,238 | 74,988 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 14. | Bar stock | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Raw materials and consumables | 4,037 ৶৶৶৶৶৶৶ |
6,487 ৶৶৶৶৶৶৶ |
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Morton Community Centre
Notes to the Financial Statements (continued)
Year ended 31 March 2021
15. Debtors Trade debtors Prepayments and accrued income
2021 2020 £ £ Trade debtors 2,579 5,839 Prepayments and accrued income 148 664 ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ 2,727 6,503 ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ Creditors: amounts falling due within one year 2021 2020 £ £ Bank loans and overdrafts 5,000 – Trade creditors 36,265 50,397 Accruals and deferred income 750 750 Social security and other taxes 3,182 5,658 ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ 45,197 56,805 ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ Creditors: amounts falling due after more than one year 2021 2020 £ £ Bank loans and overdrafts 45,000 – ৶৶৶৶৶৶৶৶ ৶৶৶৶
16. Creditors: amounts falling due within one year
17. Creditors: amounts falling due after more than one year Bank loans and overdrafts
18. Analysis of charitable funds Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At | 31 | March 202 | ||||
| 1 | April 2020 | Income | Expenditure | Transfers | 1 | |
| £ | £ | £ | £ | £ | ||
| General funds | 34,094 | 93,886 | (63,535) | (886) | 63,559 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| At | ||||||
| At | 31 | March 202 | ||||
| 1 | April 2019 | Income | Expenditure | Transfers | 0 | |
| £ | £ | £ | £ | £ | ||
| General funds | 52,147 | 299,201 | (317,254) | – | 34,094 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 12 -
Morton Community Centre
Notes to the Financial Statements (continued)
Year ended 31 March 2021
18. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March 202 | ||||
| 1 | April 2020 | Income | Expenditure | Transfers | 1 |
| £ | £ | £ | £ | £ | |
| Restricted Funds | 17,850 | 181,146 | (182,032) | 886 | 17,850 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| At | |||||
| At | 31 March 202 | ||||
| 1 | April 2019 | Income | Expenditure | Transfers | 0 |
| £ | £ | £ | £ | £ | |
| Restricted Funds | 17,850 | 122,100 | (122,100) | – | 17,850 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Analysis of net assets between funds | |||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 45,938 | 17,850 | 63,788 | ||
| Current assets | 107,818 | – | 107,818 | ||
| Creditors less than 1 year | (45,197) | – | (45,197) | ||
| Creditors greater than 1 year | (45,000) | – | (45,000) | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Net assets | 63,559 | 17,850 | 81,409 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 57,138 | 17,850 | 74,988 | ||
| Current assets | 33,761 | – | 33,761 | ||
| Creditors less than 1 year | (56,805) | – | (56,805) | ||
| Creditors greater than 1 year | – | – | – | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net assets | 34,094 | 17,850 | 51,944 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
19. Analysis of net assets between funds
- 13 -
Morton Community Centre
Management Information
Year ended 31 March 2021
The following pages do not form part of the financial statements.
- 14 -
Morton Community Centre
Detailed Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Grants receivable | 181,146 | 122,100 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Other trading activities | ||
| Weddings | 472 | 6,501 |
| Centre | 73,738 | 191,861 |
| Nursery | 7,539 | 19,091 |
| Bar Income | 12,137 | 81,748 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 93,886 | 299,201 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total income | 275,032 | 421,301 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Opening stock | 6,487 | 5,322 |
| Purchases | 60,818 | 78,917 |
| Closing stock | 4,037 | 6,487 |
| Wages and salaries | 114,314 | 257,857 |
| Rent | 10,407 | 16,750 |
| Rates and water | 10,039 | 8,282 |
| Light and heat | 11,038 | 27,417 |
| Repairs and maintenance | 2,233 | 7,190 |
| Insurance | 5,065 | 5,403 |
| Other establishment | 2,166 | 1,511 |
| Legal and professional fees | 3,247 | 3,291 |
| Telephone | 1,567 | 2,234 |
| Other office costs | 11,023 | 20,467 |
| Depreciation | 11,200 | 11,200 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 245,567 | 439,354 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total expenditure | 245,567 | 439,354 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net income/(expenditure) | 29,465 | 18,053 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
- 15 -
Morton Community Centre
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Centre | ||
| Activities undertaken directly | ||
| Purchases | 4,954 | 27,323 |
| Wages/salaries | 2,661 | 134,158 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 7,615 | 161,481 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Grant funding activities | ||
| Purchases | 40,467 | 8,045 |
| Wages & salaries | 33,758 | 28,834 |
| Grant charitable activity 1 - rates & water | 6,964 | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 81,189 | 36,879 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Support costs | ||
| Rates & water | 3,075 | 8,282 |
| Light & heat | 9,625 | 26,004 |
| Repairs & maintenance | 2,233 | 7,190 |
| Insurance | 5,065 | 5,403 |
| Legal and professional fees | – | 837 |
| Telephone | 1,567 | 2,234 |
| Other office costs | 8,947 | 17,114 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 30,512 | 67,064 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Nursery | ||
| Activities undertaken directly | ||
| Purchases | 337 | 1,225 |
| Wages & salaries | – | 5,263 |
| ৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 337 | 6,488 | |
| ৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Grant funding activities | ||
| Purchases | 12,672 | 4,582 |
| Wages/salaries | 75,431 | 68,917 |
| Rent | 10,000 | 10,000 |
| Light & heat | 1,413 | 1,413 |
| Other office costs | 2,076 | 949 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 101,592 ৄৄৄৄৄৄৄৄৄ |
85,861 ৄৄৄৄৄৄৄৄ |
Bar
- 16 -
Morton Community Centre
Notes to the Detailed Statement of Financial Activities (continued)
Year ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Activities undertaken directly | ||
| Opening stock | 6,487 | 5,322 |
| Purchases | 2,388 | 37,742 |
| Closing stock | 4,037 | 6,487 |
| Wages/salaries | 2,464 | 20,685 |
| Rent | 407 | 6,750 |
| Other office costs | – | 2,404 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 7,709 | 66,416 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Governance costs | ||
| Other establishment | 2,166 | 1,511 |
| Accountancy fees | 640 | 650 |
| Other professional fees | 2,607 | 1,804 |
| Depreciation | 11,200 | 11,200 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 16,613 | 15,165 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | 245,567 ৶৶৶৶৶৶৶৶৶ |
439,354 ৶৶৶৶৶৶৶৶৶ |
- 17 -