Charlty numbgr.. 1162626 THE ANSTICE COMMUNITY TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
THE ANSTICE COMMUNITY TRUST CONTENTS Page Rgfergnco and admlnbBtratlve dthlls of the Charlty. Its Tru$tws and ad¥ls•rn Tru8ts08' rnport Ind•pond•nt •xamln•rf$ r•port Statgment of flnanclal activltles 8*lan¢• 8h•tt Nots8 to the financl•l 8Lqt•ffl•nts 10-22
THE ANSTICE COMMUNTrY TRUST REFERENCE AND ADAIINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 TruBtee• Mrc Bagry Mrs L Boden. Char Ine 18 Augusl 2020) Miss J Camptell, Secretary IAr l Duffy Igned 27 April 20211 Mrs R Mannenng Mrs M mCCarthy10ke5 Mrs J Morgan, Vic6 Chair Mrs K Price. Treasurer Iresoned 18 August 20201 Mrs S Shinton Cllr P Wetling (rnsned 12 June 20201 Mrs D Holdèn Cllr S Chaolyick (appointed 28 May 2019) Janice Jones lappJinted 18 August 20201 Ch•rlty ro918tsr•d number 1162626 Prln¢lpal 0ftSc• The Ansbcè 1 An5t0 Squarg Madeley Tellord TF7 5BD Accountant• Crowe U.K. LLP Charter8d Accountants Black Country House Rounds Gfeen Road Oldbury West Mlan 869 2DG Page 1
THE ANSTICE COMMUNITY TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their annual rer•yI towher wth the finarKial statements of the Charty for the 1 April 2020 to 31 Marth 2021. ObJectIv and actl¥ltle8 . Poll¢1 and obJ•ctlv•8 In setting objectives and planning for actNities. the Trust¢os ho¥• given dua consideration to general guidance published by the Chanty Commission Telaling to public knefft, induding the guidance 'Public benefit.. running a charity IP821'. To furthei ljenefil the res¢dents of Me/JeY and Ihg n8ighbofhood, wrthoul distinctn of sex. sexual ortentalion, disabi11ty, race or of polili¢al. 119)$ or other opinions by assouating together the Sa iesidenls and tha local aulhorilies. voluntary and other Ofganisabons in a common effort to athance education 8nd proVe facilities in the intsrests of social weNare for re¢allon leisure limg oc(JJpation with the objective of improving Ihg nditionS of life for ils reSentS. In furtherance of these objects bul not othemise. the twslees shall have power lo maintsin or manage or co- operate with any 5talulory aulhorty in the maintenance and management of the Anslice Memorial Hall for activities promoted by the charity in furtheran of the above cknJ'ect$. b. Maln actlvltl68 undortak•n to furth•r the Charlty's purp lor the publ1¢ b•n•llt Tho AnstKe Community Trust (ACT) 1$ a charity fomed by k¢al people deduted lo bringing the Anslko Memorial Hall back lo lrfe. Our ambrtion is that the An$te will b& open to all and we have worked with Madèlgy Town Council lo renovate and modemi8e the building. We 1ga$8 the Anslice from the Council and run il on behalf of the pecple ol Madeley. c. Statsment confimilng whether th• tru8t•¢s hav• had rngard to th• guldan¢o 5s8uod by th? Charlty Comml$slon on publ1¢ b•rt•fit Since ACT was founded we have kept in mind the Charity Commission guKlonce on public benefit al our Trustee meetings. d. Poll¢y on grnnt maklng We do not give 9ranl$. . Contrbbutlons mado by voluntsern ACT has 60 registered, 45 aclive volunteers indLMJing Trustees. VolLbntews have made a major contribution to the Ansliee including lundraising. publicty. suptK)rting events and working ¢)n our reception desk and coffee bar. Page 2
THE ANSTICE COMMUNITY TRUST TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 MARCH 2021 Ach19V8m9nts and porfornian a. Maln chlgv•m•nts ol the Charlty Supportlng our communlty through lockdown. Even though the Ansttee was thsed staff and volunteers organized lo deliver medicalton and shopping to vulnerable residents shi8lding al home. support the Telford and Wrekin Council Winter Coats Project by buying and distributing over 1000 coats lor l¢x81 children in need and work with Madelgy Town Councbl to hokl regular fcrtxl collections for the Sutton Hill Food Bank. Managlng our reserveB. Atthough we were abte to rent our retail space and sidential fl818nd there was limited income from the Café. Ballroom and bar. this was n¢)whefe near the prediciion in our P lockdown Business Plan. To wnserve fund$ through lock(lown wg immediatdy cul costs by mothballing the building, working frcffj home and furloughing staff where possibl8. We increased income ty xcossing am availab govemmonl support 9fants and SuSsfUllY appl for grants lo cover our community support work and exiend fa¢ilitse$ at the Anslice when we Could open- eg equipping the pavement café and installing a large screen in the Ballroom. Finally we rented the Ballrcom lo Teword and Wrekin Council a5 a Covid 19 Testing Centre Irom February 2021. Prnparlng to r•On. In Saptsmbor wo r•cruilad 8 job shwng Centre Manager and Finan¢¥ Manag8r lo replace the Centre Director who resigned in March. They have developed policiès and procedures lo safely reopen and a recruilmenl and training strategy for 2021r22. carried out snagging diseusssons with our 1gndk)rd Imadelay Town Council) and builders lo address remaining issues after Ihe building refvrbishmenl and ensured wa havg forward bwkings and an evenls progNnme for the Ballrc•)m when we reopen. b. P•rform4nee of fundral8lng a¢tlvltl•• 8g•lnst obJo¢tlve8 ••t During the year wo secured £50) from Tesco Bags of Help. £2CIJ from Wesl MefCi8 PCC and £4,000 from Stsffordshire Community Fund to pay for staff, PPE and traveling costs for our COV 19 Community Response, £20,000 from Telford and Wrekin Council lo deliver their Big Winter Coots Project £38,000 plus from Tefford & Wrekin Council in Covid 19 Bu$in•ss Support Granls £19,260 from National Lottery Power lo Change Covid 19 Emergency Fund - to pay for staff and equipment to oxtend our Café on lo the Pavement OLtside £4,WO from Telford and Wrekin Prde in Your Hh Street Divetsrfy Fund to inslall a large projection screen in the Ballr¢Jc4n. In addition the Café generated £13.500 income in the periods it could open. we secured £6,650 in rental income Irom the flat and retail space and £16,500 from Ballr)rn hwe. Page 3
THE ANSTICE COMMUN TRUST TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Financial revlew . Golng conc•Tn After making appropriate enquiries. the Trustees have a reasonab expectalKn th81 the Charity has adequate resources to continue in opefational existence for the foreseeable future. The impact of the Covid-19 pandemic, was miligaled by the Coionavirus Job Relention Scheme, securing Govèrnment granls the Power to Change Recovery Scheme and ntIng the Ballro1. The buihth'ng is reopening with in¢roased reserves, forward bookings and robust Covid precaubons in place. For these reasons, the Truslees continuo lo adopt the going eoncem basis in preparing the financial slalemenl8. b. Resèrvos polScy Toial funds at Ihe year end was £239,237 12020.. £215.581} with restricted rgserves of £173,223 12020 £157.7391 and unfeslricted reserves 01 £66.01412020". £57.4421. Included in restricted funds are funds felaling lo Fixed Assets of £107.20812020.. È121,6091. The funds freely available for use by the charity at the year end at the discrets'on of the Trustees amount to tho unrestricted reserves less the unreslncttd Tart9le Fixed 88801$ of £40,617. Our free re8eNe8 81 31 March 2021 are Iherelore £25,39712020 £2S.337). As the Trust is growing the TfU8lees are working IiJward$ increasing the free reserves. Ihg aim being to increase them lo £30.000. The Trustees wll review the amount WentllY rured to dose thè charity on a regular basis. c. Tho chirlty'8 prlnclpal #ourc88 of fund8 {Includlng any fundr•blng) During 2020121 more than 70% our income eame from gr8nl$,' almost half of that in the forn of Covid Recovery grants, the remainder from established grants and the furlough SChne. Even under lockdown we managed an impressive 17% 01 in¢omo raised through café activity, hire of the ballT)om, and rental of our flat and retail units. Now the building is reopening following COWD bckdown we antiu.pats Increasing income from our cafe and Ballroom hire. We propose innovative use of the space lo comply wilh rekvanl Covid reslriclions al all limes and are already experiencing a great deal of demand for the ballroom for regular classes, live ovenls and c@lebratn$ of all kinds. d. Inv88tm8nt pollcy and objoctlvw including any ocil invmlmort pollcy adopt•d ACT does not have surrieient funds to conshder investing any SUfpItJS. •. Prlnclpal rl8k8 and uncertalntl•s The major risk this year wouhj be an extension of COVID Ifxkdown. or continuation of restrictions meaning we could not carry out many ol the events peop are requesting. We wll mrtigale this ri$k by careful ob5ervaliDn of stsffing levels, monitoring of ¢8sh flchv and making maximum use of any Government support announced. Structur•, gov•manc• and manag•m*nt Page 4
THE ANSTICE COMMUNfTY TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 31 MARCH 2021 structurn, govemance and management {contlnuodl . Con¥titutlon The Anslice Commtsnity Trust a regiStej charity. number 1162626. and is consliluled under Chantable Incorporated Organisalion ICIOI. b. Mothods of appolntment or ol•¢tlon of TrwJt•O• Trustees are appointed al Annual General Meeting5 IAGM'S) or co4)pled al interim Trustees Meetings. Maddey Town Council and Teword and Wrekin Borough Council can each appoint one Trustee. c. Poll¢1 afid pro¢•durns adopt•0 for th• Indu¢tloTh and Ir•lnlng of trust••s Trustees feceive an inducllon pack. a short fomwl training 8858ion 18 available and Truste89 are 88ked 10 8ign our Code of Practice. d. Th• ¢hrlty'• org•nlsatlonl otructurg •nd any wldor notwork wlth whlch th• charlty works Trust888 meet quarterfy with representalives from Sub groups meet monlhty dealing with Finance, Human Resour and Evanl Management. e. Rolat•d party relatlon•hlp• There are no relationships with any related parties. Page 5
THE ANSTICE COAIMUNfTY TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 ststom•nt of Tru8tws' rnspon8lbilitl The Twslees are responsib for preparing the TfUStee8' and the finanual ststemenls In %cordance with applicable law and United Kingdom Accounb'ng Standards (United lfj"ngdom Generally Accepted Accountsng Praclieel. The law applicable to charities in England & Wales reouires the Twslees to piepare financial ststemenls for each financkil whh give a true and fair vW of the stste of affairs ol ihe Charity and of its incomin9 resources and applulion of resources. including its income and 8xpenditure. for that period. In preparing th financial slalemenls, the Twslees are required lo-. select suitable accounting polici8s and Ihen appty them consistently.. observe the methc*Js and principles of the charit SORP IFRS 1021.. make judgments and accounting estimates that are reasonable and prudent., Slate whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material departures ¢Jisdosed and explained in the financial siatemenls., prepare the financial stalements on Ihe going concwn b8 Unl it is inappropriate lo presumg Ih?I th Chanty will continue in business. The Tfuslees are responsible for keeping adequate aontIng records that are sufficient lo show and explaln the Charity's Iransaclions and disclose wih aSonable ara al any lime the financial position of the Charity and enable them lo en511re that the financial ststemenls compty with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the wovisions of the Trust dged. Thoy are also responsible for safeguarding the assets of the Charity and hence for taking reasonabb Steps for the prevention and detection of fraud and other irregul8rrt. Approved order the memr$ of the and signed on their behaw by.. Twsleos on 12 November 2021 Cllr S Chadwlck Page 6
THE ANSTICE COMMUNITY TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 Ind•p•ndent Examlnerfs Roport to tho TNsleo8 01 Tho Anstl¢e Communlty Trust I'the Charity'l I report to the charity Trustees on my examination of the actounts of the Charity for Ihe year et)ded 31 March 2021. Rosponslbllltlos and Ba•ls of Roport As the Twstees ol the Charity you are responsible for the preparatKsn of the a¢U in accordance with the requirements of the Charities Act 2011 1.the 2011 Acr). I report in respect of my examination of Ihe Charitys xcounts carried out under section 145 of the 2011 Ael and in carrying out my eXaMinatn I have followed the applicle 're¢ln$ given by the Charity Commission under section 145lSllbl of the 201 1 Act. Ind•pondont Examlnerf8 Statem•nt Your attention is drawn to the fact that the Charity has prepared the accounts In accordanc8 with Accounting ond Reporting by Chantses.. Statsmenl of Recommended practi applicabk lo charities preparing their accounts in ardan wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which 18 Tefeired lo in the extant regulatn$ bul has bèan withdrawn. l undergland that this has been done in Nder foi the accounts to proVe a true and fair view in accordan with the Gènerally Accepted Aceounling Practice effethve lor reporting periods beginning on or after 1 January 2015. I have compbeted my examination. I confimi that no matters have come to my attention in connection witti thè examination giving me cause to believe Ihat in any material respect.. ac¢ountin9 records were not kept in respect of lh¢ Charity as reouir•d by gecIKn 130 of the 2011 Act.. or the accounts do not accord with IP¢ose records.. or the accounts do not comply wtth the applicable requirements conceming the fomi and content of a¢¢ounls sel out in the Charities (Accounts and Reportsl Regulations 2008 other Ihan any rfyquiromenl that tha accounts givo o Yru• 8nd fai¢ whth * not a mattor ¢on8idered as part of an independent examination. I hove no concerns and have come xross no other matters In connection with the examinglion lo whlch allents'on should be drawn in this rgport in order to onablg a propor undewstanding of the accounts to be reached. This report is made solety lo the Charivs Trustses. a5 a body. in aordanCe wrth Part 4 of the Chari1I8S Ikcounls and Reportsl Regulation$ 2C#)8. My work ha5 been undertaken so that I might stsle lo the Charity's Trustees those matters l am required lo stale lo them in an Independent examinerfs report and for no other purpose. To the lullest extent pemiitted ty law, l th) not accept or assume responsibility lo anyone other than the Charity and the Charity's Trustees as a b(wJy. for my work or lor this rwrt. Signed.. Dated. 12 November 2021 Helen Drew FCA GROWE U.K. LLP Charted Attounlants Black Country House Rounds Green Road Oldbury West Midlands B69 2DG Page 7
THE ANSTICE COMMUNrfY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENOED 31 MARCH 2021 R•¥tr1et Unre¥trlcted fund$ funds 2021 2021 Total fund 2021 Tolal funds 2020 In¢om• from: Donations and legacies Charitable activths Other Ir8ding aclNrties Investments 68.IJ02 42,500 77,039 29.556 136,041 72,056 408 6.700 241,849 19, 188 6,635 6.700 Totsl Incom• Exp•ndltur• on: Raising funds Charitable arAivilies 11JO.502 113.703 214,205 267,672 42.365 42,653 1,965 103,166 44.330 145.819 49,992 68, 731 Total •xp•ndtturn 85,018 105.131 190,149 118, 723 15h84 8,572 24,056 148,949 Net moY•mont In lund8 R4con¢lll*tion of funds: Total funds brought forward Nel movement in funds 157.739 16.484 67.442 8.572 215,181 24.058 66,232 148,949 173.223 66.014 239.237 215,181 ToLIl fund8 e#rrl•d fovmard The Slalemenl of Fin8noal ActNiti88 includes all gains ond k)$8es r8co9nised in the yeaf. The notes on pages 10 10 22 form part of the finanual stalgmgnls. Page 8
THE ANSTICE COMMUNfTY TRUST BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Flxgd assets Tangible assets 12 147.826 155,502 147.826 155,502 Curr•nt •$•ts Stocks Debtors Cash 81 bank and in hand 13 14 2,350 3,417 64,338 2.797 100.016 103.812 70, 105 Creditors.. amount$ falling due wilhin one year 15 {12.41XI} (10,426) N•t currnnt aets 91A12 59,679 Tot1 asset81•8• currnnt Ilabllltle• 239,237 215, 181 Not a880ts excludlng p•n•lon a••et 239.237 215, 181 Total not a8OOt8 239,237 215, 181 Charlty lund8 Restricted funds Unrestricted funds 16 16 173,223 66.014 157, 739 57,442 Total funds 239.237 215, 181 The finanaal statements were approved and authorised for issue by the Trustees 12 November 2021 and sned on their behaw by.. on Cllr S Chadwlck Ml$$ J campbell The notes on pages 10 to 22 fom part of these ffinancial stslements. Page 9
THE ANSTICE COMMUNifi TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 G•noral Inf¢mi•tlon The Anslice Community Trust is a chalilab Incorwraled Organisation ICIOI. whose registered office is The Anstice, 1 Anslice Square, Madeley. Telford, TF7 5BD. Aecountlng poll¢i• 2.1 Ba81• ol preparatlon of financ5al sLement• The financial statements have en prepared in aOrdanCe with the Charities SORP IFRS 1021 Accounting and Reporting by Charils'. Stalement of Recommended Practice applicable lo charities preparing Iheif accounts in accor¢Jance wilh the Financial Reporting Standard applicable in tho UK and Republic of Ireland IFRS 1021 (effective 1 January 20151, the Financial Rewrting Stsndard applicable in the UK and Republ of Ireland IFRS 1021 and the Charil*s Act 2011. The financial statemènts have been prepared to gNe a 'tr and fairf wow and havg departed from the Charities (Accounts and Reports) Regul81ions 2Ci18 onty lo the extent fequirad to provide a 'lrue and fairf view. This departurg has involved follrming the charit SORP IFRS 1021 publishgd on 16 July 2014 Tather than the Accounting and RertIng by Charities." Slalemenl of Recommended Practieè effective from 1 April 200S Wh has since been tIdraWn. The Anslice Community Trust meets Ihe deflnrtn of a public bonefit entity under FRS 102. As8819 and liabilrties are inTrI1 reCognd at hislorKal cosl or transaction value unless oth6Mise stated in the ielev8nl accounting policy. 2.2 Golng con¢orn After making appPriate enquiries. the Trustees have a reasonab expect8tion Ihal the Charity ha¥ 8dequ81e resources to conlinue in operatnal existence for the foreseeable future. The impact of the Covid-19 pandemic. which resultgd in the building having to close eomplelely for three months. was partly mitigaled by securing the Retail Ho$prtality & Lgi$ur• Grant from the Goveinment,. local authority Grants for the provision of support services in the Community during lockdown, and the Power lo Change Recovery Scheme. The buikjing has now fully reopened with robust Covid precautions in place. Income from the Cale and Ballroom are meeting or exceeding pre-covid forecasts. For these reasons, the Trustges continue lo the Ing concem basis in preparing the financial slatements. 2.3 Incom• Al income is recognised once the Charity has entitment to the income, it is probable that the income will be received and the amount of income receivablo can be measLsred reliably. Grants aro included in the Statement of finarla1 activities on a receivable basis. The balance of income received for specrfic purposes but nol expended during tha wriod is shown in the relevant funds on the Balan sheet. Where ir1me is received in advan of entillemenl of receipt, ts recognition is deferred and included in Gre(litors as (Jefetred income. Where enlillemenl occurs efore income is reiVed. the inc(wne is accrued. Page 10
THE ANSTICE COIAPAUNIry TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcies Icontinuedl 2.4 Expendltur• Expenditure is reeognised once there 15 8 lègal or constructive obligation to transfer economic benefit lo a third party. il is probable that a transfer ol economK benefits will be requireil in settlement and the amount of the obligation can be measured reliably. Expenditure is cla$sifd by activity. The cos18 of gach activity arg made up of the totsl of diro¢t co$1$ and shared costs, including support costs invofved in undertaking each a¢tNity. Direct ¢o$ts attributab lo a single activity are allocated directly to that actsvity. Shared costs which contribute to more than one acb'vity and support costs which are not attributab lo a single aclivity are appOrtned befvRen those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of lime spgnl, and depreciation charges allocated on the poth'on of the asset's use. Expendilurg on r8ising funds includes all expenditufe incurred by tho Charity lo raise funds fof 118 ¢h8rilable purposes ond includes ¢osts of all fvndrai$ing acti¥ilio8 evenl8 8nd non-charitable trading. Expenditure on charitatde a¢tmt is incurTed on directty undertaking the octs'wtses which further the Charitl8 ofyectives. as well as 8ny a580cialed supwt costs. All expenditufe is inctNe of irrncoverable VAT. 2.5 Gov•rnmont grnnts Government grants relatsng to tangib fixed 86sets are trèated as defvrrad income and released lo the Slalemenl of financial 8clivrts over the expected useful lives of th¢ assets concerned. Other grants are credited to Ihe Statement of finanual actrt as the rebatsd expandituro 18 incurred. 2.6 Tangiblo ftxed a888t• and d•prKlatlon Tangible fixed assets costsng £51xI or more capiialised and recognised when fvlure e¢onomSc benefits are prOtsab and the cost or value of the asset can be measured reliably. Tangible fixed assets are Initial recognised at cost. After recognition, under the cosl model. ¢8ngible fixed assets are measured al cost less accumulated depreciation and any accumulated imp8irment losses. All costs incurred lo bring a tsngible fixed asset into its intended working conditson should be included in the moasurement of $1. DeprecialK)n is charged $0 os lo allale the cost of tangible fixed asselg less their residu81 value over their estimated useful INes. Ung the straight-line m6thod. DepreCiatft is pr¢)vi¢Jed on the follrmiing basis: Leasehold improvemenls Fixtures and fittings Office eqUiFrfnenl IO% Straight Line 10% Straight Line 33% Strauht Line 2.7 Sto¢k8 Stocks a valued al the lower of cost arHI net realisable value after making due allowance for obsolete and slcr*¥-moving st($. Cost in¢deS all direcl costs. Page11
THE ANsncE COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policles Icontinuod 2.8 Cah at bank and In hand Cash al bank and in hand includes and short-temi highty INJuid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.9 Llabllltlrt and provlsl¢>ns Liabilities are crYaniSed when there is an oblwJation al 881grtce sheet date as a result of a past event, il is probable that a transfer of economic benefil will be required in settlement, and the amount of the 8eltlemenl can be eslimaled 111. Liabilities are reeognised at the am¢)unl that the Charity anlicipales it will pay to settle tho debt or the amount il has re1Ved as advanced payrnents for the goods or s8rviees il musl provide. Provisions are measured al the best ests.male of the amounts required to sellle tho obligation. Where the effect of the lime value of money is material, the provision is b8sed on the piesenl value ol those amounts, discounted al the prfrtax dtscount r810 that reflects the risks specrfic to the Irability. The unw¢nding of the discount is recognised in the Slatement of financial acts'vilies as a finance cost. 2.10 Fln•ncl•l In8trum•nts The Charity onty has lin8nci81 assets and financial liabilities of a kind that qualfy as basic financial in$trumenl$. B8$i¢ financial inslrumenls are initially recognised at transaction value and subsequently measured al their setllemènt value with the exception of bank loans which aro subsequ&ntly measured al aM(lIs0d cost Lbsing the effective interest method. 2.11 Penslon• The Charity cperates a defined contribution pension scheme and the ponsion charge represents the amounts payabb by the Chanty to the fund in respect of the year. 2.12 Fund accountlng General funds are uniesliicted funds which are aVailae for use al the diserelion of the Trustees in turtherance of the general oty'ethes ol the Charity and vthich have nol been deSnated for other Pufposes. Reslricled funds are funds whth a lo be used in accordance with spocific rgslriclions imposed by donors or which have been raised by the Charty lor PartUlar purposes. The costs of raising and administering such funds are charged against the specrfic fund. The aim and usg of each restricted fund is set out in the notes to the financial 5tatemenls. Investment income. gains and losses are allocated to the appropriate fund. 2.13 Rolo of volunteern The charity relies on the efforts of its 45 volunteers who contributed during the year. The value of the volunteers is not incorporated within the awunts. Page 12
THE ANSTICE COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Income Irom donatlon8 and logacl•s Rostrlctod Unrostrl¢tod fund• fund8 2021 2021 Total lund$ 2021 Total funds 2020 Donations Grants Government grants 8.537 8,537 38,742 87.762 13, 130 228, 719 38.742 19,260 68,502 58,002 77,039 135,041 241,849 Totel 2020 225,685 16,164 241,849 In¢omo from ch•rbt*ble act+vltl&• RtrIct•d Unrnstrl¢t•d fund8 fund8 2021 2021 Totsl fund8 2021 Tot81 lunds 2020 Income from charitable aclivrties 42.500 29,556 72,056 19,188 Total 2020 {11.250) 30,438 19. 188 Incom• from oth•r trading xtlviti Incomo from fundralslng •v•nt8 Unrostrlct•d funds 2021 Total funds 2021 Tofal funds 2020 Community Fundraising ACT Fundraising Events 513 11051 513 5,075 1,560 11051 408 408 6.035 Total 2020 6.635 6.635 Page 13
THE ANSTICE COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 In¥tment In¢om• Unrnstricted fund3 2021 Total funds 2021 Total funds 2020 Rental income 6,700 6.700 Expendlturo on ralBlng funds Costs of rnlsln9 voluntary Incomo R•Jtrlctgd Unrn8trlct•d lund8 lunds 2021 2021 Tot•1 funds 2021 Total funds 2020 C08ts of raising volunlary incomg- wages and salari88 41.578 1,308 42,886 45,991 Total 2020 45,99t 45,991 Fundralslng tradlng exp•n$e8 R•8trlcted Unre8trtcted fund8 funds 2021 2021 Totsl fund8 2021 Total funds 2020 Fundraising trading expen888 787 657 4.001 Tolal 2020 4.007 4.001 Page 14
THE ANSTICE COPAMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analy818 of oxpondlturv by a¢tl¥rtl•s A¢tivltlo8 undortak dlre¢tfy 2021 Support costs Total funds 2021 Total funds 2020 2021 Costs ol Running Centr• 30,8 114.923 14S.819 68, 731 To1812020 25, 720 43,011 68. 731 Anaty818 of dlr•¢t ¢ts Total funds 2021 Total funds 2020 Actlvltl 2021 Bar Pur¢h¥ses Cafe Purchases Arts Council Prciect Spènding Securlty Advertisin9 Entertainmenl Big coal PUTchases Repairs. main¢enarKe & cleaning 1,426 4,808 1,426 4.808 5.409 2,243 4,028 499 2,545 10,996 162 3,786 19,459 1,255 162 3,786 19,459 1,266 30.896 30,896 25.720 Total 2020 25,720 25. 720 Page 15
THE ANSTICE COMMUNifi TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analys58 of expenditurn by actlvltlos (continued) Analysbs of support costs Total fund$ 2021 Total funds 2020 Actlvltl•s 2021 Staff costs DepreCiatn Consultan Fundraising Costs Gas and Eleclr Training Accounting Stationary, Printsng and Post Legal costs Tolephono and Intemel Sundry Compvler Costs Sub%riplions Maintenanr Premises Costs Health and Safèty Motor Insuronce Refreshments Bank chorges 52,039 18.373 52.039 16.373 7,020 2.936 7.630 2,506 1,680 108 2,280 1, 727 2,278 731 1,191 12,340 3,495 1,191 12,340 3,49S 2,364 891 891 1,320 3,206 1,320 3,206 40 2,080 575 7,174 7.618 1.724 2,080 575 7.174 7.618 1.724 894 265 6,961 2,976 284 1,499 160 (35) 2.480 13 13 114,923 114,923 43,011 To1812020 43,011 43.011 Indapondent examlnerfs remunerallon The independent examinerfs remuneration amounts to an independent examiner fee of £2,220 12020 - £1. 110). Page 16
THE ANSTICE COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 10. Staff costs 2021 2020 Wage5 and salanes Social security costs Contributn to defined contribution pension scheme8 92,831 1,918 1,620 54.549 1,523 940 96,369 57,012 The avoiag¥ number of persons employed by the Chanty during the year was 88 follows.. 2021 No. 2020 No, Average numbèr of empwes 14 No employee received remunoralion amounts'ng to nb)r6 than £60,000 in ether yegr. The key monagement personnel of the charity consisted of Ihe trustees, Finance Manager and Centre Manager. Tho lolal remuneration paj lo Ihg key rnanagemt P8Tsonnel (Centre Manager) was £18.347 12020 - £29,381). 11. TrustW8' rnmunoratlon and •xp•n¥gs During the year. no Trusloos TeceNgd any rgmuneTatKJn or other bgneffits (2020- £NIL). During the year ended 31 March 2021, no Trustee expenses have been incurred (2020. £NIL). Page 17
THE ANSTICE COhlhlUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 12. Tanglbl• flx•d assots Loa8ohokl impro¥& FlxtUrn8 and m•nts 1Sttlngs Office equlpmont Totsl Cost or valuatlon At 1 April 2020 AL*Jilions 114,933 42,574 8.397 931 168.438 8,696 299 At 31 March 2W21 114.933 50,971 1,230 16T,134 Oopr•cSatlon At l April 2020 Charge for the year 1,916 11.493 710 4.653 310 327 2,930 16,373 At 31 March 2021 13.409 5.263 637 19,309 Not book valu• Al 31 March 2021 101.524 4S.708 693 147,825 At 31 Mah 2020 113,017 41,864 621 155,5Q2 13. St¢¢k8 2021 2020 Baf stock 1.000 2,350 14. Debto 2021 2020 Due withln ono y•ar Trade debtors Prepayments and acrrued income 1.601 1,196 1,645 I, TT2 2,797 3,41T Page 18
THE ANSTICE COMMUNITY TRUST NOTES TO THE FINANCIAL STATEAIENTS FOR THE YEAR ENOED 31 MARCH 2021 15. Credltorn: Amounts falling duo withln one yo•r 2021 2020 Trade creditors Other taxation and social security Pension fund loan payable Accruals and deferred income 6,217 1,797 310 4,076 5,668 2,094 384 2,280 12,400 10,426 Page 19
THE ANSTICE COMMUNtrY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Statement of funds Statsment of fund8- current year Balan¢• at 31 March 2021 Balance at 1 Aprll 2020 In¢omo Exp•ndlturo UnrnstTl¢ted funds General Funds- all funds 57.442 113,703 1105,1311 66.014 Ro$trf¢tsd fund8 P¢)wer to Change- l¢asohobJ improvement$ Power lo Change Reaching Communities Kitchen Renovation Youth Club Other Recovery T & W Div•f8ity Big Co* IOS.463 6.469 14.757 26,785 4.980 110,7251 114.5421 119.0101 11.614) 94,738 14,427 30,489 24,171 4,980 285 3,592 22,$00 34,742 19,260 4.IXIO 20.000 115.668) 14,0001 119,4S9) $41 157,739 100.502 (85,018) 173.223 Totsl ol lund8 215,181 214.205 1190,1491 239,237 Page 20
THE ANSTICE COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2021 17. Summary offunds Summary of funds- ¢urrnrt y•ar Balance at 31 March 2021 Balance at 1 Aprol 2020 Incom• Exp•ndlturo Gene¥al funds Restricted funds 57.442 157.739 113,n13 100,602 1105.1311 186.0181 66.014 173,223 215.181 214,205 {190,149) 239,237 R••trl¢t•d Fund8 Power to Ch8nge Communty - F¢x providin9 8 much needgd scaal, cultural and community eentre for the people of Madeley in the form of a renovated Anslice Memorial Hall also providin9 businegs development Support and a package lo develop thfr An$1 Communty h1 to the naxl stage of 11$ development. Power lo Change Community Leasehokl wnprovgments - For rerKJvating the centre, the fund is r8prè$gnled by fixed assets. The leas•hold improvement are dePre¢ted ovèr 10 years. the expenditure each year is the deprKiatson charge. Reaching communitS- Providing for salary of Volunteer manager Arts Council- Supp)rt for Arts Council ProJecL Kitchen Renovations- For the addition and renovatKsn of tchen facilit5. The kitchen renovations are in fixed assets under fixl(bres and fittings. The ffixtures and fith'ngs are bèino depreoaled over 10 years, Ihe expenditure each year ts the depreciation charge. Youth Club- Support for the Youlh Club incI1ng wothers. Signoge - Provided for sign89e in the Commuriity hal. Recovery - For the development and ènhancemonl of our café to Kcommodale the health requirements of Covid recovery T & W Diversity- To enable dNersifttti"on of the tiVit that couktt be offered in respon$0 lo the new way ol working'after CovKI' Big Coal Project - Use of building whlst thsures occured for pui¢hasing suppty coats and shoes for children on behaff of TeNord & Wrekin Council. Other- Other small restricted funds Page 21
THE ANsncE COMMUNITY TRUST 140TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. Analy818 of n•t a88•ts b•tWn fund8 Analys18 of not assets b•kn¥een funds- eurrnnt yr R•6trlctod Unro8trlct•d funds fund• 2021 2021 Totsl funds 2021 Tangible fixed assets Current assets Creditors due within one year 107,208 66.015 40,617 37,797 {12,4001 147,825 103,812 112.4001 Total 173,223 66,014 239.237 Anaty8ls of n•t a889ts b•tw•on fvnd•- prlor y•ar Restricted Unmslncled funds funds 2020 2020 Tot81 funds 2020 Tangible fixed assèts Current assets Creditors due within one year 121.609 36,130 33,893 33.975 (10.426) 155,502 70, 105 (10,426) Total 15T,739 57.442 215, 181 19. P•nslon ¢ommltm•nts The charity operales a defined ¢trIbUtI penwn scheme. The assets of the scheme afe held separately from those of the charity in an independentty adMinisted fund. The pension $ts show in note 12 represent the cOntrthtn$ payabb by the Charity to these funds. 20. Relatod party trnnsactlons There were no related paty tranSactn8 within the year. 21. Lo? The Anstiee Community Trust has obtained a lease on the The Anstice Memorial Hall from the 30 January 2020.The Conlraclual term is for 25 years from Ihat dale. The lease rant starts from the 30 January 2030 and will be reviewed every S years. The open value of the rent can be aged wilh the landlord, or the open market value will be determined by a Surveyor. Page 22