## **Grange Park Centre** ## Helping build community Trustees report and financial statements for the year ending 31[st] December 2020 12[th] October 2021 Grange Park Centre Charity Report for the Trustees for the year ending 31[st] December 2020 P 1 ## **Trustees' Annual Report period ending 31 December 2020** The Trustees present their annual report and audited financial accounts for the year ending 31[st] December 2020 and confirm that they comply with the Charities Act 2016. ## **Reference and Administrative information** Charity name Grange Park Centre Charities number 1157806 Address 22 Knox Road, Loughborough, Leicestershire. LE11 2UP ## **Board of Trustees** Paul Gadd (Chair) Andrew Gostelow Harriet Burt Paul Sibson Paul Chung stepped down Nov 2020 Sue Willetts Paul Sibson ## **Secretary** Paul Chung ## **Treasurer** Paul Sibson ## **Auditors** LST Accountancy 32 Quorn Road Loughborough LE11 2AW ## **Bankers** Lloyds Bank 37-39 Market Place Loughborough LE11 2QG ## **Structure, governance and management** ## **Governing structure** Grange Park Centre Charity Report for the Trustees for the year ending 31[st] December 2020 P 2 The Grange Park Centre charity was constituted as a Charitable Incorporated Organisation as a charity in 2013 under charity number 1157806. It is governed by its charitable constitution which can be found on the Charities Commission website. ## **Structure of the charity.** The charity is governed by the trustees and is managed by a working group which coordinates activities. ## **Organisational structure** The charity Trustees are responsible for the general control and management of the charity. The Trustees give their time freely and receive no renumeration or other financial benefits for their involvement. The Trustees along with a working committee meet together monthly and are responsible for all decisions taken in relation to the running of the community centre and activities provided by the charity. Following the opening, the Trustees were due to set up a number of sub-committees that would help with the practicalities of the charities work. This has been hampered by the effects of Covid-19 over the past 18 months. At the end of 2020 Joanne Lipman stepped down as secretary of the charity. Joanne has devoted many hours over the past few years to the construction phrase, equipping of The Arc for opening, acting as secretary and running the Arc baby and toddler group. We would like to formally thank her for her time and commitment over the years and are grateful for her continued time and commitment in running the Arc baby and toddler group going forward. ## **Recruitment and appointment of Trustees** Paul Chung stepped down as trustee, in order to take on the role of secretary. We are grateful for his input as trustee. We are currently advertising for new trustees to join the team for the next phase of the centre. ## **Our Objectives** The past year has been a difficult time for The Arc. After opening at the start of 2020 which huge interest in the use of the facilities, we were forced to close from the 26[th] March due to the effect of the pandemic. From early July we were able to re-open under limited users, with restrictions on social distancing having a significant impact on the number of groups that were therefore unviable to operate. As things eased at the end of September and early October some new groups were able to return, however we were once again force to close for the majority of groups from November when Charnwood changed its tier level to 4, Grange Park Centre Charity Report for the Trustees for the year ending 31[st] December 2020 P 3 which restricted the majority of activities from operating. As a result we took the decision to use the government flexible furlough scheme to cover the majority of staff costs. ## **Activities and achievements** In January 2020, we were visited by the trustees of the Helen Jean Cope trust, who had generously donated towards the construction of the centre, funding one of the rooms that has been designated for counselling. During the visit, they learned of the shortfall of money for the purchase of an adult changing table, and at the end of the visit, presented us with a cheque for the outstanding money required! We are very grateful for their continued support. In October 2020 we were able to have a new adult changing table installed in the disabled toilets. We were fortunate to hear from LCFC Gift of a wish, which we had applied for a grant from in xx 2019 that we’d been awarded £3500 towards the cost of purchasing an adult changing table, however since this had already been fully funded by other donations, we asked whether the money could be redirected towards one of the other projects of providing computers to the Arc for running computer training. They were kind enough to agree. The money is in a reserve account once things have got back to normal following the pandemic. In spring 2020 the trustees and committee undertook an away day to review the purpose, vision and values of the charity. This was an important point following the construction of the building to reflect where the charity was heading in the next phase. This led to the defining of the purpose, vision & values and mission of the charity, which can be found on the website. http://www.grangeparkcentre.org.uk/our-purpose-vision-values-and-mission/ ## **Community Activities** Despite the reduced operating period for the year, we have been able to support groups running a variety of activities from our local community. These include a Youth Club for school years 6-9, church group, and The Arc baby and toddler group. We have a number of other projects and groups which we are hoping to setup over the coming months. Find out what’s on at: www.thearccommunityhub.org.uk The charity has also continued to develop relationships with local MPs, ~~lo~~ cal Councillors, residents’ groups, businesses, community trusts and the wider community. ## **Future plans** Once normal levels for social distancing return to normal levels, the charity will be able to have a more accurate view of monthly running costs and income. We will then resume setting levels for the reserves policy, and re-invest hire income to support project activity to continue to benefit the local community. Feedback from consultation events and resident Grange Park Centre Charity Report for the Trustees for the year ending 31[st] December 2020 P 4 surveys has emphasised the need within the community for exercise clubs, children’s groups, community activities, and adult learning. We are so grateful for the support that we have received from volunteers over the past twelve months, and for the tireless commitment of the committee, without whom the centre would not exist. Grange Park Centre Charity Report for the Trustees for the year ending 31[st] December 2020 P 5 ## **Financial review** ## _Please refer to the Balance Sheet._ The balance sheet shows £723,917 of Fixed assets, along with current assets of £101,499. This includes funds set aside as retention for the construction phase, as a result of Oakwood Construction Ltd, going into liquidation in October 2020. When a room is hired at the Arc Community Hub, the hirer is required to pay a deposit to cover any possible breakages. This is returned at the end of the hire period. For regular hirers this deposit is held on a long-term basis. At the close of 2020 the Charity held £1,864 of refundable deposits, reflected in the creditor section on the Balance sheet. The increasing in Unrestricted funds from £7,760 in 2019 to £53,739 in 2020 is due to income from bookings of £15,205, a business continuity insurance claim along with covid recovery grants. Bookings are invoiced and paid in advance. Restricted funds were re-stated in the current year to reflect the preparation costs ahead of building. The reduction in Restricted funds reflects the fact that the majority of grants and donations received for the construction of the community centre in 2018/2019 have been spent. The closing funds of the charity of £767,093 of restricted funds. After taking into account the value of tangible assets, the balance of restricted funds is £50,265 and unrestricted funds £53,739. At the close of 2020, a number of snagging items relating to the original construction contract were awaiting completion. Some outstanding items have been paid during 2021, however, the donations for the equipping and delivery of the community centre totals to a value of £31,962 still remains in the reserve accounts. The other reserve accounts remain for specific uses including the Youth Club, computers for training, staff training and costs, laptops for training and The Arc baby and toddler group ## **Grant income** Fundraising has been limited in 2020, with a number of new grants and donations received. The Charity are incredibly grateful to all of the funders who enabled the Arc Community Hub to be built and equipped to such a high standard. In addition to being the primary funder, The Big Lottery, also provided invaluable guidance and advice at every step of the process. |**Fund #**|**Description**|| |---|---|---| |56|Charnwood borough council – member
grant|£250| |59|Big Lottery|£10,000| Grange Park Centre Charity Report for the Trustees for the year ending 31[st] December 2020 P 6 |60|Helen Jean Cope Trust|£3500| |---|---|---| |62|LCFC–gift a wish|£3,500| |64|DNV GL|£965| |72|Anonymous|£10,000| The generosity of the funders meant that we will be able to transfer £10,000 of the remaining Big Lottery funding from capital to revenue grant at the start of 2020, which has enabled us to contribute to staff costs. ## **Covid related income** We were able to access a number of covid related grants to assist with covering staff and building costs over the year. In addition as a result of the business continuity element of our insurance policy we were able to claim back part of the lost income. This was a huge amount of work going though the claims process, and we are grateful to trustees, our secretary and bookkeeper for their time in achieving the outcome. ## **Fund Description** |**Fund**|**Description**|| |---|---|---| |61|Business rates relief|£10,000| |65|Charnwood Borough Council – covid
recovery|£3,525| |67|Charnwood Borough Council – covid
recovery|£2,500| |73|Markel–business continuity insurance|£14,000| We were able to claim £800 under the governments furlough scheme, which is shown in the donations and legacies section under other. ## **Donations** The Charnwood Lottery continues to generate a small income each month. ## **Community project work** For much of 2020 the focus has been on completion of the processes, procedures and policies with reduced staff as a result of the pandemic. Research from the local community identified support for young people as a priority, and we were delighted to secure funding from the grants listed below, to allow us to engage the services of Go Getta to operate a weekly youth club from the Arc Community Hub. |**Fund**|**Description**|| |---|---|---| |46|Charnwood Borough Council – youth
project|£2,375| Grange Park Centre Charity Report for the Trustees for the year ending 31[st] December 2020 P 7 51 Waitrose community grant £166 ## **Offers in kind** The project benefitted from so many additional offers in kind throughout construction, fitting out and subsequent opening. These were from the local residents and businesses within the community, along with others through the Committees network. We have been very grateful for a number of individuals who work behind the scenes with various projects around the Arc, including fitting of equipment and supporting the IT needs. ## **Statement of financial activities 1/1/2020 – 31/12/2020** The operating expenditure shown is not a true reflection of future costs because of the effects of the pandemic, which have caused the period for a time which has also restricted the types of activities that can be operated. Despite a short operating period following the opening of the building, the charity received an income of £15,205 in bookings income, reflected as unrestricted funds. The centre continues to receive booking enquiries for 2021 and booking income forecasts which have exceeded our expectations. _Please refer to the statement of financial activities for year accounting period 1[st] January 2020 to 31[st] December 2020_ The Income and Expenditure report details the difficult year it was for hiring income. We expect income to be only a slow increasing in 2021 until the effects of the pandemic ease social distancing. ## **Reserves policy** Reserves for the operation of the centre will be defined once the community centre has been fully operational for a 6-12 month period, to enable the Trustees to fully understand the financial running requirements needed to operate the centre. Grange Park Centre Charity Report for the Trustees for the year ending 31[st] December 2020 P 8 ## **Statement of Trustees’ responsibilities** The charity Trustees are responsible for preparing the annual report and financial statement in accordance with applicable law and United Kingdom Accounting Standards. The law application to charities in England and Wales requires the charity Trustees to prepare final statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the Trustees are required to Select suitable accounting policies and then apply them consistently; Observe the methods and principles of the Charities SORP; Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose the reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2016, the Charity Regulations 2013 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees for the purposes of charity law who served during the end and up to the date of this report are set out on page 2. Approved by the trustees on and signed on their behalf by: ## **Paul Gadd** Chair of Trustees - 12[th] October 2021 Grange Park Centre Charity Report for the Trustees for the year ending 31[st] December 2020 P 9 ||**Grange Park Centre**|**Grange Park Centre**|**Grange Park Centre**|**1157806**||| |---|---|---|---|---|---|---| ||Annualaccountsforthe period|||||| ||Period start date|**01/01/2020**|**To**|Period end
date|**31/12/2020**|| |||||||| |**Section A**|**Statement of financial activities**|||||| |**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05||||| |||749|31,695|-|32,444|636,120| |||-|-|-|-|-| |||15,205|437|-|15,642|7,470| |||-|-||-|-| |||30,025|-|-|30,025|-| |||-|-|-|-|-| |||45,979|32,132|-|78,111|643,590| |||||||| |||-|-|-|-|-| ||||44,246|-|44,246|9,148| |||-|-|-|-|-| |||-|2,127|-|2,127|1,873| |||-|46,373|-|46,373|11,021| |||||||| |||45,979|14,241
-|-|31,738|632,569| |||-|-|-|-|-| |||45,979|14,241
-|-|31,738|632,569| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||45,979|14,241
-|-|31,738|632,569| |||||||| |||7,760|782,200|-|789,960|157,391| |||53,739|767,959|-|821,698|789,960| ## **Section B Balance sheet** |**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05| |---|---|---|---|---|---|---| |||-|-|-|-|-| |||-|723,917|-|723,917|717,694| |||-|-|-|-|-| |||-|-|-|-|-| |||-|723,917|-|723,917|717,694| |||||||| |||-|-|-|-|-| |||1,180|1,858|-|3,038|534| |||-|-|-|-|-| |||52,559|45,902|-|98,461|74,574| |||53,739|47,760|-|101,499|75,108| |||||||| |||-|3,718|-|3,718|2,842| |||||||| |||53,739|44,042|-|97,781|72,266| |||||||| |||53,739|767,959|**-**|821,698|789,960| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||53,739|767,959|-|821,698|789,960| |||||||| |||-|||-|-| ||||767,959||767,959|782,200| |||53,739||-|53,739|7,760| ||||||-|| |||53,739|767,959|-|821,698|789,960| |||||||| |||Signature||Print Name||Date of
approval
dd/mm/yyyy| |||||AndrewGostelow||12/10/2021| |||||HarrietBurt||12/10/2021| |||||PaulGadd||12/10/2021| CC17a (Excel) 11/10/2021 2 ## **Section C Notes to the accounts** ## Note 1 **Basis of preparation** ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 - and with the Charities Act 2011. ## **1.2 Going concern** _**The accounts have been prepared on a going concern basis Not applicable Not applicable**_ Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. ## **1.3 Change of accounting policy** The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2. ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). CC17a (Excel) 11/10/2021 3 ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** ## **2.2 INCOME** _This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._ |**Recognition of income**
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other
trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other|Yes
No|Yes
No|N/a| |---|---|---|---| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| ||||| ||Yes
No||N/a| |**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
£150.
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
p
p
g
g
y
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the||||| |---|---|---|---|---| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||
||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| ||net
value|||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Current asset**
**investments**
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.|||| |---|---|---|---| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations and gifts
749 - - 749 15,420
Gift Aid
- - - - 556
Legacies
- - - - -
General grants provided by government/other
bodies
- 30,895 - 30,895 620,144
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donatedgoods,facilities and services
- - - - -
Other
- 800 - 800
**Total** 749 31,695 - 32,444 636,120
- - - - -
- - - - -
- - - - -
Other
- - - - -
**Total**
- - - - -
- - - - -
Room hire
15,205 - - 15,205 7,155
Events
- - - - 93
Subscriptions forgroups
- 437 - 437 222
**Total** 15,205 437 - 15,642 7,470
Interest income
- - - - -
Dividend income
- - - - -
Rental and leasing income
- - - - -
Other
- - - - -
**Total**
- - - - -
Covid insurance claims
14,000 - - 14,000 -
CBC Covid grants
16,025 - - 16,025 -
- - - - -
- - - - -
**Total** 30,025 - - 30,025 -
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
propertyrights
- - - - -
Other
- - - - -
**Total**
- - - - -
45,979 32,132-78,111 643,590
**Analysis**
**Donations**
**and legacies:**
**Charitable**
**activities:**
**TOTAL INCOME**
**Other:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**| |---|---|---|---|---|---|---| ||Donations and gifts|749|-|-|749|15,420| ||Gift Aid|-|-|-|-|556| ||Legacies|-|-|-|-|-| ||General grants provided by government/other
bodies|-|30,895|-|30,895|620,144| ||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|| ||Donatedgoods,facilities and services|-|-|-|-|-| ||Other|-|800|-|800|| ||**Total**|749|31,695|-|32,444|636,120| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||-|-|-|-|-| ||Room hire|15,205|-|-|15,205|7,155| ||Events|-|-|-|-|93| ||Subscriptions forgroups|-|437|-|437|222| ||**Total**|15,205|437|-|15,642|7,470| |||||||| ||Interest income|-|-|-|-|-| ||Dividend income|-|-|-|-|-| ||Rental and leasing income|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Covid insurance claims|14,000|-|-|14,000|-| ||CBC Covid grants
|16,025|-|-|16,025|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|30,025|-|-|30,025|-| |||||||| ||Conversion of endowment funds into income|-|-|-|-|-| ||Gain on disposal of a tangible fixed asset held
for charity's own use|-|-|-|-|-| ||Gain on disposal of a programme related
investment|-|-|-|-|-| ||Royalties from the exploitation of intellectual
propertyrights|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||45,979|32,132|-|78,111|643,590| CC17a (Excel) 12/10/2021 1 ## **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** |**Analysis**
**Expenditure on raising funds:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**| |---|---|---|---|---|---|---|---|---| |Incurred seeking donations|-|-|-|-|-|-|-|-| |Incurred seeking legacies|-|-|-|-|-|-|-|-| |Incurred seeking grants|-|-|-|-||||-| |Operating membership schemes and
social lotteries|-|-|-|-||||-| |Staging fundraising events|-|-|-|-||||-| |Fudraising agents|-|-|-|-||||-| |Operating charity shops|-|-|-|-||||-| |Operating a trading company
undertaking non-charitable trading
activity|-|-|-|-||||-| |Advertising, marketing, direct mail and
publicity|-|-|-|-|-|-|-|-| |Start up costs incurred in generating
new source of future income|-|-|-|-|-|-|-|-| |Database development costs|-|-|-|-|-|-|-|-| |Other trading activities|-|-|-|-||||-| |Investment management costs:|-|-|-|-||||-| |Portfolio management costs|-|-|-|-|-|-|-|-| |
Cost of obtaining investment advice|-|-|-|-|-|-|-|-| |Investment administration costs|-|-|-|-|-|-|-|-| |Intellectual property licencing costs|-|-|-|-|-|-|-|-| |Rent collection, property repairs and
maintenance charges|-|-|-|-|-|-|-|-| ||-|-|-|-|-|-|-|-| |**Total expenditure on raising funds**|-|-|-|-|-|-|-|-| |||||||||| ## **Expenditure on charitable activities:** |Youth Project
Baby group costs
Event costs
Advertising
Minor equipment
Computer equipment
Light and heat
Postage
Telephone
Cleaning
Premises costs
Repairs and renewals
Insurance
Licenses
Gross wages
Rates
Stationery
Specific equipment
Depreciation of F&F (20% red bal)|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|3,011|-|3,011|-|1,140|-|1,140| |---|---|---|---|---|---|---|---|---| |||647|-|647|-|38|-|38| |||6|-|6|-|372|-|372| |||714|-|714|-|23|-|23| |||2,557|-|2,557|-|406|-|406| |||2,066|-|2,066|-|-|-|-| |||2,831|-|2,831||316|-|316| |||33|-|33||231|-|231| |||809|-|809||332|-|332| |||1,649|-|1,649||257|-|257| |||786|-|786||3,185|-|3,185| |||989|-|989||64|-|64| |||1,381|-|1,381||720|-|720| |||139|-|139||125|-|125| |||14,975|-|14,975||635|-|635| |||308|-|308|-|109|-|109| |||41|-|41|-|50|-|50| |||6,001||6,001||||| |||5,303|-|5,303||1,145|-|1,145| |
**Total expenditure on charitable**
**activities**|-|44,246|-|44,246|-|9,148|-|9,148| |**Other**||||||||| |Legal and professional-building|-|1,080|-|1,080|-|1,130|-|1,130| |
Accountancy|-|863|-|863|-|720|-|720| |Other legal|-|184|-|184|-|23|-|23| ||-|-|-|-|-|-|-|-| |**TOTAL EXPENDITURE**
**Total other expenditure**|-|2,127|-|2,127|-|1,873|-|1,873| ||-|46,373|-|46,373|-|11,021|-|11,021| CC17a (Excel) 12/10/2021 2 ## **Section C Notes to the accounts** ## **Note 10 Details of certain items of expenditure** ## **10.1 Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_ |**_Please provide details of the amount paid for any statutory external scrutiny of_**
**_accounts and other services provided by your independent examiner. If nothing_**
**_was paid please enter '0' in the appropriate box(es)._**||| |---|---|---| |**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**£**|**Last year**
**£**| ||624|720| ||-|-| ||-|-| ||239|-| CC17a (Excel) 11/10/2021 9 ## **Section C Notes to the accounts (cont)** ## **Note 11 Paid employees** ## **11.1 Staff Costs** |**This year:**
**Salaries and wages**
**Social security costs**
**Other employee benefits**
**Total staff costs**
**Pension costs (defined contribution scheme)**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||14,908|635| ||-|-| ||67|| ||-|-| ||14,975|635| |||| **No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000** CC17a (Excel) 11/10/2021 10 ## **Section C Notes to the accounts (cont)** ## **Note 14 Tangible fixed assets** ## **14.1 Cost or valuation** |At the beginning of the year
Additions
Revaluations
Disposals
Transfers *
At end of the year
****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
Net book value at the beginning of the year
Net book value at the end of the year
**14.3 Net book value**
**14.2 Depreciation and impairments**|**Freehold land &**
**buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery and**
**motor vehicles**
**£**|**Fixtures, fittings**
**and equipment**
**£**|**Total**
**£**| |---|---|---|---|---|---| ||-|694,249|-|24,590|718,839| ||-|4,104|-|7,422|11,526| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|698,353|-|32,012|730,365| ||||||| |||||RB|| |||0%||20%|| ||||||| ||-|-|-|1,145|1,145| ||-|-|-|-|-| ||-|-|-|5,303|5,303| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|6,448|6,448| ||||||| ||-|694,249|-|23,445|717,694| ||-|698,353|-|25,564|723,917| ## **14.6 Other disclosures** The Land is owned by William Davis, but is on a 150 year lease that commenced 16th January 2019. There is a charge on the building held by The Big Lottery. CC17a (Excel) 11/10/2021 11 ## **Section C Notes to the accounts (cont)** ## **Note 19 Debtors and prepayments** |**19.1 Analysis of debtors**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||1,858|452.0| ||1,180|82.0| ||3,038|534.0| CC17a (Excel) 11/10/2021 12 ## **Section C Notes to the accounts (cont)** ## **Note 20 Creditors and accruals** ## **20.1 Analysis of creditors** |**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**Amounts falling due within**
**oneyear**|**Amounts falling due within**
**oneyear**|
**Amounts falling due after**
**more than oneyear**|
**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|
-| ||-|-|-|
-| ||919|-|-|
-| ||-|-|-|
-| ||963|1,635|-|
-| ||- 28|-|-|
-| ||1,864|1,207|-|
-| ||3,718|2,842|-|
-| CC17a (Excel) 11/10/2021 13 ## **Section C Notes to the accounts (cont)** **Note 24 Cash at bank and in hand** |**Note 24 Cash at bank and in hand**||| |---|---|---| |**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£**|**Last year**
**£**| ||-|-| ||-|-| ||98,461|74,574| ||-|-| ||98,461|74,574| CC17a (Excel) 11/10/2021 14 ## **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds** ## **27.1 Details of material funds held and movements during the CURRENT reporting period** _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|
**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |Construction Funds- various|R|Funding ofproperty build|-|-|-|-|-|-| |Various donors|R|Equipping & delivery of the Community
Centre andrunning costs|43,684|800|- 12,522|-|-|31,962| |General Reserves|U|Day-to-dayrunning|7,760|45,979|-|-|-|53,739| |National Lottery- Training|R|Training (AwardsFor All)|10,000|-|- 229|-|-|9,771| |Green Hall Foundation|R|Changing table|2,000|-|- 2,000|-|-|-| |Sobell Foundation|R|Running costs years1and2|6,390|10,000|- 15,253|-|-|1,137| |YouthClub- various|R|Youthclub project|2,110|2,375|-3,011|-|-|1,474| |Baby Group|R|Baby group|322|437|-647|-|-|112| |PropertyReserve|R|Property cost|717,694|-|-|-|-|717,694| |BigLottery-Staffcosts|R|Staffcosts|-|10,000|- 7,804|-|-|2,196| |TarmacTLCF|R|Landscaping|-|556|-556|-|-|-| |LeicesterCityFC|R|Laptops||3,500|-|||3,500| |HelenJeanCopeTrust|R|Changing table||3,500|-3,397|||103| |DNVGL Ltd|R|Defibrilator||964|-954|||10| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||789,960|78,111|- 46,373|-|-|821,698| CC17a (Excel) 11/10/2021 1 **Section C Notes to the accounts (cont)** **Note 27 Charity funds (cont)** ## **27.2 Details of material funds held and movements during the PREVIOUS reporting period** ## _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |---|---|---|---|---|---|---|---|---| |Construction Funds-various|R|Funding of property build|102,746|573,145|-|-675,891|-|-| |Various donors|R|Equipping & delivery of the Community
Centre and running costs|-|49,917|-6,233|-|-|43,684| |General Reserves|U|Day-to-day running|842|6,918|-|-|-|7,760| |Property Reserve|R|Property cost|41,803|-|-|675,891|-|717,694| |National Lottery-Training|R|Training (Awards For All)|10,000|-|-|-|-|10,000| |Green Hall Foundation|R|Changing table|2,000|-|-|-|-|2,000| |Sobell Foundation|R|Running costs year 1|-|10,000|-3,610|-|-|6,390| |Youth Club-various|R|Youth club project|-|3,250|-1,140|-|-|2,110| |Baby Group|R|Baby group|-|360|-38|-|-|322| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||157,391|643,590|- 11,021|-|-|789,960| CC17a (Excel) 11/10/2021 2 **Section C Notes to the accounts (cont)** ## **Note 28 Transactions with trustees and related parties** ## **28.1 Trustee remuneration and benefits** ## **This year** **None of the trustees have been paid any remuneration or received any other benefits from an TRUE employment with their charity or a related entity (True or False) Last year TRUE None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** ## **28.2 Trustees' expenses** **No trustee expenses have been incurred (True or False)** _**TRUE**_ ## **28.3 Transaction(s) with related parties** ## **This year** **There have been no related party transactions in the reporting period (True or False)** ## **Last year** **There have been no related party transactions in the reporting period (True or False)** _**TRUE TRUE**_ CC17a (Excel) 11/10/2021 17 ## Independent examiner’s report to the trustees of ## Grange Park Centre (Charity no. 1157806) I report to the trustees on my examination of the accounts of Grange Park Centre (the Charity) for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Charity’s accounts 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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records or 3. the accounts did 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. ## L S Turner L S Turner, FCCA 32 Quorn Close Loughborough Leics LE11 2AW Dated: 12 October 2021