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 I￿￿ne￿ 18 Augusl 2020)
Miss J Camptell, Secretary
IAr l Duffy I￿￿gned 27 April 20211
Mrs R Mannenng
Mrs M mCCarthy￿10ke5
Mrs J Morgan, Vic6 Chair
Mrs K Price. Treasurer Iresoned 18 August 20201
Mrs S Shinton
Cllr P Wetling (rns￿ned 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 An5t￿0 Squarg
Madeley
Tellord
TF7 5BD
Accountant•
Crowe U.K. LLP
Charter8d Accountants
Black Country House
Rounds Gfeen Road
Oldbury
West M￿lan
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/Je￿Y and Ihg n8ighbofhood, wrthoul distinct￿n 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 proV￿e 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 reS￿entS.
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$t￿e 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 Su￿SsfUllY 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•O￿n. 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 Pr*de in Your H￿h 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￿ expectalK*n 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 Ballro￿1. 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 Tart9￿le 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 Went￿llY r￿u￿red 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$,' almost half of that in the forn of Covid Recovery
grants, the remainder from established grants and the furlough SCh￿ne.
Even under lockdown we managed an impressive 17% 01 in¢omo raised through café activity, hire of the
ballT*)om, and rental of our flat and retail units.
Now the building is reopening following COWD bckdown we antiu.pats Increasing income from our cafe and
Ballroom hire. We propose innovative use of the space lo comply wilh rekvanl Covid reslriclions al all limes and
are already experiencing a great deal of demand for the ballroom for regular classes, live ovenls and
c@lebrat￿n$ of all kinds.
d. Inv88tm8nt pollcy and objoctlvw including any *oci*l 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 regiSte￿j 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• ¢h*rlty'• org•nlsatlon*l 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 wh￿h give a true and fair v￿W 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 b￿8 Unl￿ it is inappropriate lo presumg Ih?I th
Chanty will continue in business.
The Tfuslees are responsible for keeping adequate a￿o￿ntIng records that are sufficient lo show and explaln
the Charity's Iransaclions and disclose wih ￿aSonable a￿￿ra￿ 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
mem￿r$
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 eXaMinat￿n I have followed the applic*le ￿'re¢l￿n$ 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
a￿rdan￿ 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 regulat￿n$ bul has bèan withdrawn.
l undergland that this has been done in Nder foi the accounts to proV￿e 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 gecIK*n 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 a￿ordanCe 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
Charte￿d 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 th￿e 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 a￿ets
91A12
59,679
Tot*1 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 s￿ned 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 sL*ement•
The financial statements have ￿en prepared in a￿OrdanCe with the Charities SORP IFRS 1021
Accounting and Reporting by Charil*s'. 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 Re￿rtIng by Charities." Slalemenl of Recommended
Practieè effective from 1 April 200S Wh￿ has since been tI￿draWn.
The Anslice Community Trust meets Ihe deflnrt￿n of a public bonefit entity under FRS 102. As8819
and liabilrties are inTrI￿1￿ reCogn￿d at hislorKal cosl or transaction value unless oth6Mise stated in
the ielev8nl accounting policy.
2.2 Golng con¢orn
After making app￿Priate enquiries. the Trustees have a reasonab￿ expect8tion Ihal the Charity ha¥
8dequ81e resources to conlinue in operat￿nal 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 entit￿ment 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 finar￿la1 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 ir1￿me 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 re￿iVed. 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$sif*d 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$ts attributab￿ lo a single activity are allocated directly
to that actsvity. Shared costs which contribute to more than one acb'vity and support costs which are
not attributab￿ lo a single aclivity are appOrt￿ned befvRen those activities on a basis consislenl with
the use of resources. Central staff costs are allocated on the basis of lime spgnl, and depreciation
charges allocated on the poth'on of the asset's use.
Expendilurg on r8ising funds includes all expenditufe incurred by tho Charity lo raise funds fof 118
¢h8rilable purposes ond includes ¢osts of all fvndrai$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 inct￿Ne 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 8clivrt*s over the expected useful lives of th¢ assets concerned. Other
grants are credited to Ihe Statement of finanual act￿rt￿ 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 $0 os lo all￿ale the cost of tangible fixed asselg less their residu81 value
over their estimated useful INes. U￿ng the straight-line m6thod.
DepreCiat￿ft is pr¢)vi¢Jed on the follrmiing basis:
Leasehold improvemenls
Fixtures and fittings
Office eqUiFrfnenl
IO% Straight Line
10% Straight Line
33% Strauht Line
2.7 Sto¢k8
Stocks a￿ valued al the lower of cost arHI net realisable value after making due allowance for
obsolete and slcr*¥-moving st(￿$. 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 ￿11￿1￿￿.
Liabilities are reeognised at the am¢)unl that the Charity anlicipales it will pay to settle tho debt or the
amount il has r￿e1Ved 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 aVaila￿e for use al the diserelion of the Trustees in
turtherance of the general oty'ethes ol the Charity and vthich have nol been deS￿nated 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 Part￿Ular 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&•
R￿trIct•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
DepreCiat￿n
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
Contribut￿n 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 pa￿j lo Ihg key rnanagem￿t 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 Ma￿h 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$1￿ Communty h￿1 to the naxl stage of 11$
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 communit￿S- Providing for salary of Volunteer manager
Arts Council- Supp)rt for Arts Council ProJecL
Kitchen Renovations- For the addition and renovatKsn of ￿tchen facilit￿5. 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 incI￿￿1ng 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•tW￿n fund8
Analys18 of not assets b•kn¥een funds- eurrnnt y￿r
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 adMiniste￿d fund. The pension ￿$ts show in
note 12 represent the cOntrtht￿n$ payabb by the Charity to these funds.
20. Relatod party trnnsactlons
There were no related paty tranSact￿n8 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 ag￿ed wilh the landlord, or the
open market value will be determined by a Surveyor.
Page 22