**Charity registration number 1163741** **Company registration number 09140549 (England and Wales)** ## **JOEL COMMUNITY SERVICES** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **JOEL COMMUNITY SERVICES** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr C Clarke Mrs A Jarrett Mr A Elliott Mr P F Wolff Reverend H Foxwood (Appointed 1 September 2021) Mr D Parish (Appointed 17 February 2022) Ms G Burgess **Charity number** 1163741 **Company number** 09140549 **Registered office** St Peter's Church London Road Kingston Upon Thames KT2 6QL **Independent examiner** F J Wilde FCCA MBA DChA Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF **Bankers** CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA ## **JOEL COMMUNITY SERVICES** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 3| |Independent examiner's report|4| |Statement of financial activities|5| |Balance sheet|6 - 7| |Notes to the financial statements|8 - 17| ## **JOEL COMMUNITY SERVICES** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ The trustees present their annual report and financial statements for the year ended 31 December 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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 2019)". ## **Objectives and activities** The charity's objects are : - the relief of poverty by provision of a night shelter and other connected services for persons who are deemed homeless or in need of such assistance, and - to provide, maintain and, if necessary, improve a mission room or parish room in connection with the ecclesiastical parish of St Peter, Norbiton for the purposes of divine service and the promotion of religion according to the doctrines of the Church of England as established by law and also for other religious, social, scientific, literary or charitable purposes including meetings all calculated to be for the benefit of the inhabitants of the said parish. ## **Activities** - Providing accommodation for homeless projects for homeless people in RBK and the surrounding areas. - Providing working accommodation for KCAH, a local housing charity . ## **Public benefit** The board has taken due regard of the guidance on public benefit published by the charity commission in exercising its powers and duties. It is confident that the aims of the organisation and allocation of resources fully satisfy the public benefit requirements. ## **Achievements and performance** Throughout 2021 we continued to provide premises and accommodation for KCAH, with whom we work very closely. This ensured that many needs of homeless people in the Kingston upon Thames area continued to be met by the professional services offered by KCAH. The board implemented a temporary closure of the Night Shelter at the end of 2019 while we reshaped our operational activity. During 2020 and 2021 COVID regulations prevented night shelters from operating. Local and national authorities were promulgating a "Housing First" model requiring no street homeless, no homeless shelters and all people accommodated in some form of permanent accommodation. This required a strategic reevaluation of the Joel Centre and the board continued to evolve a co-operative model with KCAH. During 2021, KCAH created, resourced and operated a Stabilisation Centre using the Joel Centre. This provided specialist staff to assist homeless people with severe drug and alcohol problems and provide accommodation for those people. Although this significantly changed the working model for Joel Community Services, it ensured that the original vision of Joel was able to continue. Joel Community Services continues to hold the Joel Centre in trust for its charitable purposes and a number of faithful donors enabled us to support the operational activities being undertaken in the Centre. 2022 will see more change as KCAH will cease running the stabilisation centre from June 2022. The board are currently considering alternative uses for the Joel Centre in line with our objects and purpose. - 1 - ## **JOEL COMMUNITY SERVICES** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Financial review** Income was £ 45,197 (Including a donation from Joel Community Trust of £10,176) as we continued to receive rent for the office space provided to KCAH which covers our new, lower, operating costs. We had encouraged our supporters to support the KCAH stabilization centre directly to ensure that the service could be viable. This resulted in a significant, planned drop-off in regular donor income, although we continue to receive some income from supporters. Costs were £ 66,695. This includes a one-off £25k donation to KCAH to convert the previous night shelter accommodation into a stabilisation centre and a subsequent additional £8k donation for centre operating costs. Loan repayments from the original redevelopment loan continue to be comfortably met. ## _**Reserves policy**_ Our policy is to hold sufficient funds to cover nine months of operating costs. This ensures that, in the event of a financial crisis, we can continue to meet our financial obligations relating to the Joel Centre premises. ## _**Amount of reserves held**_ Total reserves are shown as £6 28 , 474 . This largely comprises the net value of the Joel Centre after repayment of loans , and nine months operating costs. The board assesses and reviews key risks periodically. During 2022 we will reassess our risks but the key risks are as follows: ## _Funding_ We have a dependency on income from our tenant (KCAH) and we work closely with them, both as landlord and key supporter in their work. ## _Damage to reputation_ We have a strong partner in KCAH as tenant and principal user of the Joel Centre. We meet with them from time to time to discuss matters of mutual interest. . ## _Risk of fire, flood or other environmental risks_ We maintain appropriate levels of insurance and have reviewed the full requirements with our Insurers. ## **Structure, governance and management** Joel Community Services was incorporated as a charitable company limited by guarantee on 21 July 2014 and is governed by its Articles of Association. It is registered with the Charity Commission in England and Wales with its registered office at St Peter ' s Church, London Road , Kingston Surrey. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr C Clarke Mr P Clarke (Resigned 17 September 2021) Mrs A Jarrett Mr A Elliott Mr J R De Quidt (Resigned 20 May 2021) Mr P F Wolff Mr D Candlin (Resigned 31 December 2021) Reverend H Foxwood (Appointed 1 September 2021) Mr D Parish (Appointed 17 February 2022) Ms G Burgess - 2 - JOEL COMMUNITY SERVICES TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Governance Our Board of Directors is responsible for overseeing th8 strategy and performance of Joel Community Services. The Board meets regularly throughout the year to consider, set and review Slralegies, policies, budgets. plans and performance. The Board has not delegated any powers to formal committees. although specific task groups are fomied as necessary with speafi¢ osponsibilities. Recruitment Prospective directors are nominated by at least one current member of the Board in line with ourArticles and with knowledge of the ways in which their experience might serve the interests of Joel Community Services. They are then interviewed by a panel of current directors to ¢nsure that their motivations, skills and interests are eonsislent with the aims of the charity and, if so, to confirm the appointment. Trustees new lo the Board meet wlh the Chaimian and other directors as appropriate and are provided inlomiation and training to enable them lo fijlly understand the mission and values ofthe Joel Communrty. All of the tsustees are members of the company and guarantee to contribute £1 in the event of a winding UP. Management The board manages the needs of the organisalion directly, followng the diSpla￿ment of staff al the stsrt of the year and the closure of opefalional aclivilies. Our Chair l ad¢ng chair has c(kordinated transition activity wlh KCAH and the board ha5 SUPPOrted them in that. The trustees. report was approved by the Board of Trustee& Mr A Elliott Trustee JOEL COMMUNITY SERVICES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JOEL COMMUNITY SERVICES I report to the Irustses on my oxamination of the financlal Statements of Joel Communty Service8 Itht charity) for the year ended 31 DeCem￿r 2021. Rgspon61bllltl8$ and ba818 of roport A$ the trustees of the charfty land also 118 dlrectors for th8 purposes Of company lawl you are responsible for the preparats'on of the financial 81atemenls in accordance wlh the requirernenl$ of the Companies kt 2006 Ilhe 2006 Act). Having satisfied myself that Ihg flnancial slatomenl8 of the charity are not required to be audrted under Part 16 of thè 2006 Act and are eligible for independent examlnalion, I roport in respect of my examination of the charlty'8 financlal statements carri&d out under s8Ction 145 of the Charits'e8 Act 2011 Ilhe 2011 Acll. In rrying out my examln8llon I have followttd all the appllcablè Directions given by the Charlty Comml$8ion under section 145ISllbl of th• 2011 Act. Ind•ynd•nt oxamln•r'i 8tat•m•nt I have completed my examlnalion. l oonflm that no matt•r$ have come lo my attentlon In connedon with the examination giving me Cau￿ to bèli8V8 that in any material re8pect.' accountlng record8 wère not kept in respert of the charty a8 requlred by sectlon 386 of th• 2006 A¢t.' or the flnancial 518lemenls do not accord with tho8• rècords., or the financlal statements do not ctsmply with the *ceounling roqulrèm•nt8 of 8eelion 396 of the 2008 Act other than any requlremenl that the accounts giv• a true and fair view which 1$ not a matter considered s part tsf an indepèndent &xamination'. or th¢ financial stsl&mènts have nel been pr¥par•d In accordance wlh tha methods and prfnclple8 ol th• Statement of Recommended Practice for a¢¢ounling and reporting by charities applicable lo charities prepadng thalr accounts In accordan¢& with tho Financial R&porting Standard appllcabl• in tha UK and Republi¢ of Ireland IFRS 1021. I hav• no con¢ern8 and have come 8¢ro88 no olh8r matter8 in Connection with the èx$mlnallon lo which attention Should b8 drawn In this r•port in order lo enable 8 proper understanding of the financlal 91alemenl$ to be reached. F J Wlde FCCA MBA DChA Wamer Wlde 4 Marigtsld Driv• Bisley Surr8y GU24 9SF Dated.. ## **JOEL COMMUNITY SERVICES** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
19,667
-
Charitable activities
**4**
25,530
-
Other income
**5**
-
-
**Total income**
45,197
-
**Expenditure on:**
Charitable activities
**6**
64,845
1,850
Gross transfers
between funds
-
-
**Net (expenditure)/income**
**for the year/**
**Net movement in funds**
(19,648)
(1,850)
Fund balances at 1 January
2021
560,039
89,933
**Fund balances at 31**
**December 2021**
540,391
88,083|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2020**
**2020**
**£**
**£**
**£**
19,667
52,894
-
25,530
39,628
-
-
14,838
-
45,197
107,360
-
66,695
75,777
9,629
-
5,808
(5,808)
(21,498)
37,391
(15,437)
649,972
522,648
105,370
628,474
560,039
89,933|**Total**
**2020**
**£**
52,894
39,628
14,838
107,360
85,406
-
21,954
628,018
649,972| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 5 - ## **JOEL COMMUNITY SERVICES** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2021**_ |**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**15**
**Net assets**
**Income funds**
Restricted funds
**17**
Unrestricted funds|**2021**
**£**
**£**
862,628
997
30,211
31,208
(24,667)
6,541
869,169
(240,695)
628,474
88,083
540,391
628,474|**2020**
**£**
**£**
876,135
9,212
47,935
57,147
(29,448)
27,699
903,834
(253,862)
649,972
89,933
560,039
649,972| |---|---|---| - 6 - JOEL COMMUNITY SERVICES BALANCE SHEET (CONTINUED) ASAT 31 DECEMBER 2021 The company is entitled lo the exemption from the audit reqsjiremenl contained in section 477 of the C￿panIeS Act 2006, for the year ended 31 December 2021. The directors ad(n¢￿￿edge their resw)nsiknlilies for complying vrith the requirernents of the Companies Act 2006 with respect to accounting records and the preparation of financial slalements. The members have not requlred the company to obtain an audit of its financial ststements for the year In question in 8ccordan¢e with seth'on 476. These finanrAal statements have been prepared In accordance wlth the provlsions ap￿1¢able to companies subject to thè small companies regime. The finan al statements were approvod by the Trustees on ........ Mr A Elliott Tru5tae Company roglstratlon numbgr 09140549 ## **JOEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** ## **Charity information** Joel Community Services is a private company limited by guarantee incorporated in England and Wales. The registered office is St Peter's Church, London Road, Kingston Upon Thames, KT2 6QL. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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 2019)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Grants are recognised once the charity has been notified of the grant unless performance conditions require deferral of the amount. - 8 - ## **JOEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings 2% straight line Fixtures and equipment 25% straight line Assets in the course of construction are not depreciated. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities . ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) . ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.9 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets are initially recognised at transaction value and subsequently measured at their settlement value . ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri ce and subsequently measured at their settlement value . - 9 - ## **JOEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** **(Continued)** ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **1.12 Redundancy costs** Redundancy costs are recognised when the Charity is committed to terminate employment. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**2021**|2020| ||**£**|£| |Donations and gifts|19,667|47,894| |Grants receivable|-|5,000| ||19,667|52,894| |**Grants receivable for core activities**||| |The Albert Hunt Trust|-|5,000| ||-|5,000| - 10 - ## **JOEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **4 Charitable activities** |Housing benefit and service charges
Charitable rental income
**Other income**
Other income|**2021**
**2020**
**£**
**£**
-
9,858
25,530
29,770
25,530
39,628
**Total**Unrestricted
funds
**2021**
2020
**£**
£
-
14,838| |---|---| ## **5 Other income** - 11 - ## **JOEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **6 Charitable activities** |Staff costs
Depreciation and impairment
Joel running costs
Utilities
Miscellaneous costs
Verger contribution
PCC contribution
Insurance
Maintenance, repairs and equipment
Vestry rent
Grant funding of activities (see note 7)
Share of support costs (see note 8)
Share of governance costs (see note 8)
**Analysis by fund**
Unrestricted funds
Restricted funds
**7**
**Grants payable**
Kingston Churches Action on Homelessness|**2021**
**£**
(2,105)
13,507
-
395
1,068
4,520
2,200
3,379
289
(6,000)
17,253
33,765
14,249
1,428
66,695
64,845
1,850
66,695
**2021**
33,765
33,765|**2020**
**£**
20,468
14,367
10,611
4,118
237
3,864
3,300
3,298
-
8,400
68,663
-
15,531
1,212
85,406
75,777
9,629
85,406
**2020**
-
-| |---|---|---| - 12 - ## **JOEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**8**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Telephone, mobile,
internet
478
-
Loan interest and
charges
13,771
-
Independent
examination fee
-
1,236
Bank charges
-
192
14,249
1,428
Analysed between
Charitable activities
14,249
1,428|**2021**
Support
costs
Governance
costs
**£**
£
£
478
581
-
13,771
14,950
-
1,236
-
1,152
192
-
60
15,677
15,531
1,212
15,677
15,531
1,212|2020
£
581
14,950
1,152
60
16,743
16,743| |---|---|---| Governance costs includes payments to the Independent Examiner of £ 1,236 (2020- £ 1,152 ). ## **9 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **10 Employees** There were no employees during the year. |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2021**
**£**
-
-
(2,105)
(2,105)|**2020**
**£**
18,378
883
1,207
20,468| |---|---|---| The staff were made redundant on 31 January 2020. There were no employees whose annual remuneration was £60,000 or more. - 13 - ## **JOEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**11**
**Tangible fixed assets**
**Freehold land**
**and buildings**
**Fixtures and**
**equipment**
**£**
**£**
**Cost**
At 1 January 2021
935,364
3,439
At 31 December 2021
935,364
3,439
**Depreciation and impairment**
At 1 January 2021
59,229
3,439
Depreciation charged in the year
13,507
-
At 31 December 2021
72,736
3,439
**Carrying amount**
At 31 December 2021
862,628
-
At 31 December 2020
876,135
-
**12**
**Debtors**
**2021**
**Amounts falling due within one year:**
**£**
Other debtors
997
**13**
**Loans and overdrafts**
**2021**
**£**
Bank loans
252,095
Payable within one year
11,400
Payable after one year
240,695
Amounts included above which fall due after five years:
Payable by instalments
200,000|**Total**
**£**
938,803
938,803
62,668
13,507
76,175
862,628
876,135
**2020**
**£**
9,212
**2020**
**£**
263,262
9,400
253,862
215,000| |---|---| The long-term loans are secured by fixed charges over the property known as St Peter's Church Hall, London Road, Kingston - upon - Thames. The charity borrowed £300,000 from CAF Bank over a repayment period of 20 years at an APR of 5.5% variable. The repayments are £2,078.13. The loan agreement contains a break clause at 5 years whereby the loan can be repaid. - 14 - ## **JOEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**14**
**Creditors: amounts falling due within one year**
**Notes**
Bank loans
**13**
Deferred income
**16**
Other creditors
Accruals and deferred income
**15**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**13**
**16**
**Deferred income**
Arising from Rental income in advance
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 January 2021
Released from previous periods
Resources deferred in the year
Deferred income at 31 December 2021|**2021**
**£**
11,400
5,892
6,151
1,224
24,667
**2021**
**£**
240,695
**2021**
**£**
5,892
**2021**
**£**
5,892
5,892
(5,892)
5,892
5,892|**2020**
**£**
9,400
5,892
11,151
3,005
29,448
**2020**
**£**
253,862
**2020**
**£**
5,892
**2020**
**£**
5,892
6,369
(6,369)
5,892
5,892| |---|---|---| - 15 - ## **JOEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **17 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |**Balance at**
**1 January 2020**
**Resources**
**expended**
**£**
**£**
Joel Community Trust
58,750
(1,250)
London Community
Foundation (Comic Relief)
1,664
(1,664)
NS Fund
973
(973)
Phase 2 Redevelopment
29,101
(600)
Cook and Eat
1,632
-
Daytime Activities
4,000
-
JOEL IT CAF
392
(392)
Life Journey Course
889
(889)
Mission Project
118
(118)
Salters
3,041
(3,041)
Weekly Book Club
176
-
London Community
Foundation
291
(291)
Bed spaces
3,932
-
Wardrobe
411
(411)
105,370
(9,629)|**Transfers**
**Balance at**
**1 January 2021**
**Resources**
**expended**
**Balance at**
**31 December**
**2021**
**£**
**£**
**£**
**£**
-
57,500
(1,250)
56,250
-
-
-
-
-
-
-
-
-
28,501
(600)
27,901
(1,632)
-
-
-
(4,000)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(176)
-
-
-
-
-
-
-
-
3,932
-
3,932
-
-
-
-
(5,808)
89,933
(1,850)
88,083| |---|---| Salters: For gym equipment, gardening supplies, therapeutic art supplies etc. Joel IT CAF: For the installation of new broadband. London Community Foundation: For the purchase of shelter furniture and appliances. Joel Community Trust: Building fund Phase 2 redevelopment: Building fund - 16 - ## **JOEL COMMUNITY SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**18**|**Analysis of net assets**|**between funds**|||||| |---|---|---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Total**|Unrestricted|Restricted|Total| |||**funds**|**funds**||funds|funds|| |||**2021**|**2021**|**2021**|2020|2020|2020| |||**£**|**£**|**£**|£|£|£| ||Fund balances at 31||||||| ||December 2021 are||||||| ||represented by:||||||| ||Tangible assets|778,477|84,151|862,628|790,134|86,001|876,135| ||Current assets/||||||| ||(liabilities)|2,609|3,932|6,541|23,767|3,932|27,699| ||Long term liabilities|(240,695)|-|(240,695)|
(253,862)|-|(253,862)| |||540,391|88,083|628,474|560,039|89,933|649,972| ## **19 Related party transactions** ## **Transactions with related parties** During the year the charity entered into the following transactions with related parties: |Joel Community Trust|**Assets received**
**2021**
**2020**
**£**
**£**
10,176
15,000
10,176
15,000| |---|---| During the year Joel Community Trust (JCT), an associated charity, donated funds to the value of £10,176 (2020 £15,000). T he following amounts were outstanding at the reporting end date: ||**Amounts owed by**|**related**|**Amounts owed by**|**related**| |---|---|---|---|---| ||**parties**||**parties**|| ||**2021**||**2020**|| ||**Balance**|**Net**|**Balance**|**Net**| ||**£**|**£**|**£**|**£**| |Joel Community Trust|-|-|(6,030)|(6,030)| ||-|-|(6,030)|(6,030)| In the current year Joel Community Trust (JCT) settled liabilities for Joel Community Services (JCS) of £5,345, Joel Community Services settled a liability for JCT of £1200. The resultant balance of £10,176 was treated as a donation. The balance outstanding at the year end was £Nil (2020: £6,030). - 17 -