Company registration number: 09237669 Charity registration number: 1163601
## Par Bay Community Trust
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2021
Peter Williams & Co Chartered Certified Accountants Latham Park St Blazey Road Par Cornwall PL24 2HY
## **Par Bay Community Trust**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 7|
|Statement of Trustees' Responsibilities|8|
|Independent Examiner's Report|9|
|Statement of Financial Activities|10|
|Balance Sheet|11 to 12|
|Notes to the Financial Statements|13 to 19|
## **Par Bay Community Trust**
## **Reference and Administrative Details**
**Chairman** Mr D E Hughes **Trustees** Ms S Tregaskes Mr D E Hughes Mr W R C Taylor Mr P Squires Ms S A Clyne Mr M Beer Mrs L C Roach **Principal Office** Cornubia 31 Eastcliffe Road Par Cornwall PL24 2AQ The charity is incorporated in England. **Company Registration Number** 09237669 **Charity Registration Number** 1163601 **Independent Examiner** Peter Williams & Co Chartered Certified Accountants Latham Park St Blazey Road Par Cornwall PL24 2HY
Page 1
## **Par Bay Community Trust**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2021.
## **Objectives and activities**
## _**Objects and aims**_
PBCT runs Cornubia guided by three principles – Community, Creativity and Enterprise. These three development strands contribute to growing local well-being, growing a vibrant local economy and growing greater access to and participation in civic life.
Following a lengthy process of considering options and identifying suitable premises, Par Bay Community Trust (PBCT) purchased Cornubia Hall as a legacy vehicle for Par Bay Big Local who funded the purchase and initial renovation of the building, which was completed for service delivery in February 2018.
The building currently has five spaces for let including a retail space. 1 space is currently let on a long-term lease. As at March 2021 we are in negotiation with other new tenants. The building has two large halls, a community room and kitchen for short term let.
Our short-term aim has been to renovate the building to a point where residents could use the resource. The building was open and well used until the lock down in March 2020. We started the financial year with a closed building
Mr Paul Squires stepped down as chair due to relocating away from Cornwall, and Mr David Hughes was voted in at the last AGM as chair. We thank Paul for his loyal service. We also added in 2 new members, Matt Beer and Lisa Roach
## **Public benefit**
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity
Commission for England and Wales.
## **Renovations until April 1st 2021**
The downstairs kitchen, community room and extra toilet were all completed
The roof has finally been completely renewed, later than planned and more expensive because of lockdown. Once that was completed more electrical work was able to be finished. The lower hall ceiling was sound proofed, new upstairs fire doors were installed. Walls and doors were renovated in the upstairs hall. The garage renovations were completed and is now used as a studio
## **Re Covid-19**
Cornubia was closed as soon as the Government guidance was issued re Covid-19
This has and will continue to impact all our plans and aspirations.
Because the building was shut we couldn’t run any inside activities but have continued to provide online support
Page 2
## **Par Bay Community Trust**
## **Trustees' Report**
We have had no income from tenants and users, we were eligible for some government grants and also used the furlough scheme for our finance officer. This greatly help our cash flow situation
We stopped using the services of a cleaner as the building was totally closed, once it reopened all users agreed to sanitise and clean the areas themselves.
We are now a trust that meets via Zoom but we ensure that all decisions are recorded and we abide by all regulations still.
Activities restarted as per Government guidelines in October 2020 but only in the downstairs hall, but very slowly as most people were still very cautious. Once vaccines were being provided to people, bookings have started to come back.
Our upstairs hall reopened as soon as the roof was finished and all scaffolding taken away
**Current activity** (excluding short term hall hires) restarted as restrictions are eased
**Health and Well-being Programmes:** Walking for Health, dance classes, Youth sessions tai chi,
Knit and natter, karate, Taekwondo, theatre school
**Employment and Training Projects:** Cornwall Rural Community Classes, Reachout
**Artisan Support to showcase talents and develop businesses** : creator / maker led sessions, Creative Civic Change, Artist workshops
**Partnership working** to develop new social entrepreneurs and initiatives: Local Trust, Creative Civic Change, and MPower Kernow, Kernow Youth
We have now helped 8 start-up businesses by providing low rent spaces for their businesses
**Tenants in 2020 as start-up businesses Under the Sun Pottery**
## **Tenants who moved in in 2020 to have more space: None**
**We also have started negotiations with new tenants to move in after April 2021**
Made by The Sea decided to just do online sales and moved out in December 2020
Page 3
## **Par Bay Community Trust**
## **Trustees' Report**
## **Achievements and performance**
PBCT has been accepted to become the “Local Trusted Organisation” in charge of the Big Local Expenditure for Par Bay Big Local. This will start in April 2021
PBCT has developed further building based resources and letting spaces.
PBCT are working with other local organisations (including Par Track, Fourways, Housing associations and other social enterprises) to offer development initiatives, so distributing our resources across Par Bay.
Following easing of Covid restrictions, we feel that Cornubia is returning to predicted pre-Covid levels of activity and financial viability.
## **The Creative Civic Change programme**
The programme began in March 2019, with development and consultation planning.
However, due to the pandemic, the programme was extended for another 6 months, until October 2022.
Creative Civic Change for Par Bay had 4 specific aims-
1. To grow and widen access and opportunities for residents to participate in art and cultural activities
2. To support local artists and makers to grow and develop their practices.
3. To help to explore a sense of place, artists working with residents to show what makes Par Bay special.
- Capacity building, residents gaining confidence, skills and the creation of networks that will lead to lasting
- 4. change.
Initially, consultation with residents and artist resulted in some smaller projects starting, however it was decided by the Trust that three large projects should be put into place to specifically meet the aims above. As a result, the “Par Teee Festival” [Prodigal Theatre], “Make Space” and “Covid and Beyond” entered the development stage.
The first lockdown caused significant disruption to our plans, there was a general postponement of events, and the fortnightly Working Group meetings were held on Zoom.
Covid and Beyond adapted to online art and poetry workshops, which attracted a number of participants and provided creative outlet and guidance to people in isolation. The CCC networks published the online workshops and as a result people from across the UK were able to participate.
Open Mic nights were held once a month on Zoom and poetry books were published, part of an offshoot Cross Pollination project.
Make Space was set up by two local artists and initially envisaged renting or buying a disused commercial property to form a Creative Hub for residents. Unfortunately, they were unable to obtain funding from the Heritage Lottery and have had to adapt their plans to portable workshops.
An offshoot of Make Space has been Creative Connections, which is now into its 16th month of online weekly art classes. Initially funded by CCC, this workshop is now totally funded by its 16 participants, with approximately half of those being Par Bay residents.
Page 4
## **Par Bay Community Trust**
## **Trustees' Report**
Prodigal Theatre had to put off most of their events until later in 2021. But an offshoot of their work was the formation of the Emergent Ensemble, funded by CCC. This is a group of 5 young performing arts graduates who were unemployed due to the pandemic. CCC funding enabled them to have a yearlong apprenticeship with Prodigal and the UPG
Sense of place was particularly expressed in Robin Sullivan’s project “And Everything and Nothing has Changed”. CCC contributed to the funding of this art and archaeology project, which explored the landscape of the old moors which were destroyed by China Clay production.
The climax and ending of these funded events will finally happened in the summer and autumn of 2021
Par Bay Community Trust has provided invaluable support and advice during this unpredictable time, and we are grateful for the support of Janie Allen in managing the finances.
## **The community garden has been a fantastic asset during lockdown.**
With the onset of lockdown, many trustees and volunteers are in the age group advised to stay at home. Local agencies were dealing with food provision and a Facebook group had been set up to cover every street in the area. The team needed to focus on what they could do, and the Community Garden seemed to be the place to do it. They were already growing seedlings for the Swap and Share corner so they upped production as people could not go to car boot sales or the local garden centres for their early supplies.
They produced Grow Boxes containing easy to grow vegetables and fun flowers-everything edible. There were climbing French beans with bamboos, courgette seeds, nasturtium, sunflower, runner beans, peas as well as pots, compost, and an instruction sheet with photos. They were very popular, and many requests were received for extra boxes. Herbs were also popular, and one 10-year‐old decided to create a sensory garden with herbs and deliver eggs to his neighbours.
Many donations of tomato and other seedlings have found their way into local homes and gardens.
Once guidelines were lifted it was a calm place to sit and chat, pop-up events happened with Cornish music and dancing, painting, ceramics etc.
Participation in the various activities has grown over the last year and everyone is very used to being socially distanced.
## **Financial review**
Re Covid -19 In these difficult times we have stopped all unecessary expenditure and have had to put off some areas of renovations and activities.
We still aim to apply for more grant aid to provide activitires at a lower/free cost, but everything is difficult due to lock down.
## _**Funds in deficit**_
We have no funds in deficit.
## _**Policy on reserves**_
We need to protect against loss of income, continue building renovations and running activities in Cornubia plus taking advantage of new opportunities.
Page 5
## **Par Bay Community Trust**
## **Trustees' Report**
We need to protect against loss of income, continue building renovations and running activities in Cornubia plus taking advantage of new opportunities.
We aim to have 1 years’ worth of running costs in reserve to enable us to continue running Cornubia. We have agreed to hold £45K in reserve for this.
Our monies held are all related to Cornubia and activities within the area.
## **Reserve Funds**
Running Costs £45.000.00
Friends of Cornubia Donations £328.96
Roof repairs £34,221.74
Covid Recovery grant £4,452.44
Community Garden £1,393.02
## **Restricted Funds**
Creative Civic Change £16,345.65
Well-being grant £2,500.00
Sewing project grant £925.00
## **Structure, governance and management**
## _**Nature of governing document**_
The organisation is a charitable company limited by guarantee, incorporated on 26 September 2014 and registered as a charity on 16 September 2015. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
## _**Recruitment and appointment of trustees**_
The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the number of directors shall not be less than three but shall not be subject to any maximum.
All member of the Management Committee give their time voluntarily and received no benefits from the charity.
Membership is open to other individuals who apply to the charity in the form required by the directors and are approved by the directors.
Page 6
## **Par Bay Community Trust**
## **Trustees' Report**
The annual report was approved by the trustees of the charity on 12 October 2021 and signed on its behalf by:
......................................... Ms S Tregaskes Trustee
......................................... Mr D E Hughes Chairman and Trustee
Page 7
## **Par Bay Community Trust**
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Par Bay Community Trust for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 12 October 2021 and signed on its behalf by:
......................................... Ms S Tregaskes Trustee
......................................... Mr D E Hughes Chairman and Trustee
Page 8
## **Par Bay Community Trust**
## **Independent Examiner's Report to the trustees of Par Bay Community Trust**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2021 which are set out on pages 10 to 19.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Par Bay Community Trust (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Par Bay Community Trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of Par Bay Community Trust as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
...................................... Mrs Lois Stephen Chartered Certified Accountants
Latham Park St Blazey Road Par Cornwall PL24 2HY
8 October 2021
Page 9
## **Par Bay Community Trust**
## **Statement of Financial Activities for the Year Ended 31 March 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other income
4
Total income
**Expenditure on:**
Charitable activities
5
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
13
**Note**
**Income and Endowments from:**
Donations and legacies
3
Other income
4
Total income
**Expenditure on:**
Charitable activities
5
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
13|**Unrestricted**
**funds**
**£**
183,722
5,431
189,153
(168,198)
(168,198)
20,955
20,955
376,218
397,173
**Unrestricted**
**funds**
**£**
68,086
21,180
89,266
(37,353)
(37,353)
51,913
51,913
324,306
376,219|**Unrestricted**
**funds**
**£**
183,722
5,431||**Restricted**
**funds**
**£**
56,712
-||**Total**
**2021**
**£**
240,434
5,431|
|---|---|---|---|---|---|---|
|||189,153||56,712||245,865|
|||(168,198)||(75,032)||(243,230)|
|||(168,198)||(75,032)||(243,230)|
|||20,955||(18,320)||2,635|
|||20,955
376,218||(18,320)
39,483||2,635
415,701|
|||397,173||21,163||418,336|
|||||**Restricted**
**funds**
**£**
83,467
1,383
84,850
(45,426)
(45,426)
39,424
39,424
59
39,483||**Total**
**2020**
**£**
151,553
22,563|
|||||||174,116|
|||||||(82,779)|
|||||||(82,779)|
|||||||91,337|
|||||||91,337
324,365|
|||||||415,702|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 13.
The notes on pages 13 to 19 form an integral part of these financial statements. Page 10
## **Par Bay Community Trust**
## **(Registration number: 09237669) Balance Sheet as at 31 March 2021**
|**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
11
**Creditors: Amounts falling due within one year**
12
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
13|**2021**
**£**
321,848
390
96,172
96,562
(74)
96,488
418,336
21,163
397,173
418,336|**2020**
**£**
312,792
-
99,945|
|---|---|---|
|||99,945
2,965|
|||102,910|
|||415,702|
|||39,483
376,219|
|||415,702|
For the financial year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The notes on pages 13 to 19 form an integral part of these financial statements. Page 11
## **Par Bay Community Trust**
## **(Registration number: 09237669) Balance Sheet as at 31 March 2021**
The financial statements on pages 10 to 19 were approved by the trustees, and authorised for issue on 12 October 2021 and signed on their behalf by:
......................................... Ms S Tregaskes Trustee
......................................... Mr D E Hughes Chairman and Trustee
The notes on pages 13 to 19 form an integral part of these financial statements. Page 12
## **Par Bay Community Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
The address of its registered office is: Cornubia 31 Eastcliffe Road Par Cornwall PL24 2AQ
These financial statements were authorised for issue by the trustees on 12 October 2021.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
## **Basis of preparation**
Par Bay Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Page 13
## **Par Bay Community Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant provisions**_
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Page 14
## **Par Bay Community Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants from other charities
**Total for 2021**
**Total for 2020**|**Unrestricted**
**funds**
**General**
**£**
329
183,393
183,722
68,086|**Restricted**
**funds**
**£**
929
55,783
56,712
83,467|**Total**
**funds**
**£**
1,258
239,176|
|---|---|---|---|
||||240,434|
||||151,553|
Page 15
## **Par Bay Community Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **4 Other income**
|Rental income
**Total for 2021**
**Total for 2020**|**Unrestricted**
**funds**
**General**
**£**
2,799
2,799
21,180|**Restricted**
**funds**
**£**
-
-
1,383|**Total**
**funds**
**£**
2,799|
|---|---|---|---|
||||2,799|
||||22,563|
## **5 Expenditure on charitable activities**
|**Note**
Grant funding of activities
Allocated support costs
6
Governance costs
6
**Total for 2021**
**Total for 2020**|**Unrestricted**
**funds**
**General**
**£**
-
166,368
1,830
168,198
37,353|**Restricted**
**funds**
**£**
64,340
10,692
-
75,032
45,426|**Total**
**funds**
**£**
64,340
177,060
1,830|
|---|---|---|---|
||||243,230|
||||82,779|
||||**Total**
**expenditure**
**£**|
In addition to the expenditure analysed above, there are also governance costs of £1,830 (2020 - £2,020) which relate directly to charitable activities. See note 6 for further details.
## **6 Analysis of governance and support costs**
## **Governance costs**
Page 16
## **Par Bay Community Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
|Allocated support costs
**Total for 2021**
**Total for 2020**|**Unrestricted**
**funds**
**General**
**£**
1,830
1,830
2,020|**Total**
**funds**
**£**
1,830|
|---|---|---|
|||1,830|
|||2,020|
Page 17
## **Par Bay Community Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **7 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
## **8 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **9 Tangible fixed assets**
|**Cost**
At 1 April 2020
Additions
At 31 March 2021
**Depreciation**
At 31 March 2021
**Net book value**
At 31 March 2021
At 31 March 2020
**10 Debtors**
Trade debtors
**11 Cash and cash equivalents**
Cash on hand
Cash at bank||**Land and**
**buildings**
**£**
312,792
9,056||**Total**
**£**
312,792
9,056
321,848
-
321,848
312,792
**2021**
**£**
390|
|---|---|---|---|---|
|||321,848
-|||
|||321,848|||
|||312,792|||
|||**2021**
**£**
64
96,108
96,172|||
|||||**2020**
**£**
35
99,910|
|||||99,945|
Page 18
## **Par Bay Community Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **12 Creditors: amounts falling due within one year**
|VAT grant repayable
Other creditors
Accruals
**13 Funds**
**Unrestricted funds**
General
**Restricted funds**
**Total funds**|**Balance at 1**
**April 2020**
**£**
376,218
39,483
415,701|**Incoming**
**resources**
**£**
189,153
56,712
245,865|**2021**
**£**
(1,427)
1
1,500
74
**Resources**
**expended**
**£**
(168,198)
(75,032)
(243,230)|**2020**
**£**
(4,464)
(1)
1,500|
|---|---|---|---|---|
|||||(2,965)|
|||||**Balance at 31**
**March 2021**
**£**
397,173
21,163|
|||||418,336|
## **Unrestricted funds**
Page 19
## **Par Bay Community Trust**
## **Statement of Financial Activities by fund for the Year Ended 31 March 2021**
## **Unrestricted Funds**
|**Unrestricted Funds**|||
|---|---|---|
|**Income and Endowments from:**
Donations and legacies
Other income
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Unrestricted**
**Funds**
**2021**
**£**
183,722
5,431
189,153
(168,198)
(168,198)
20,955
20,955
376,218
397,173|**Total**
**Unrestricted**
**Funds**
**2020**
**£**
68,086
21,180|
|||89,266|
|||(37,353)|
|||(37,353)|
|||51,913|
|||51,913
324,306|
|||376,219|
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## **Par Bay Community Trust**
## **Statement of Financial Activities by fund for the Year Ended 31 March 2021**
## **Restricted Funds**
|**Restricted Funds**|||
|---|---|---|
|**Income and Endowments from:**
Donations and legacies
Other income
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Restricted**
**Funds**
**2021**
**£**
56,712
-
56,712
(75,032)
(75,032)
(18,320)
(18,320)
39,483
21,163|**Total**
**Restricted**
**Funds**
**2020**
**£**
83,467
1,383|
|||84,850|
|||(45,426)|
|||(45,426)|
|||39,424|
|||39,424
59|
|||39,483|
This page does not form part of the statutory financial statements. Page 21