2020-12-31-accounts - Heart Of The City Partnership

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	8
Report ofthe Independent Auditors		9	to	11
Statement of Financial	Activities		12
Balance Sheet
Notes to the Financial	Statements	14	to	21
Detailed Statement of	Financial Activities	22	lo	23

31 DECEMBER 2	020
			2020	2019
		Notes	E	F
FIXED ASSETS
Tangible assets		10	7,388	6,085
CURRENT ASSETS
Stocks		11	10,682	14,718
Debtors		12	110,522	6,790
Cash at bank and	in hand		234,463	174 846
			366,667	196,356
CREDITORS
Amounts falling due within one year		13	(34,694)	(27,697)
NET CURRENT ASSETS			320,973	168,659
TOTAL ASSETS	LESSCURRENT
LIABILITIES			328,361	174,744
NET ASSETS			328,361	174,744
FUNDS		15
Unrestricted funds			203,903	171,670
Restricted funds			124,468	3,074
TOTAL FUNDS			328 361	174,744

FOR	THE YEAR EN		DED 31 DECEMBER 2020	DED 31 DECEMBER 2020
3.	DONATIONS		AND LEGACIES
					2020	2019
					E	E
	Donations				272	619
	Grants				375,871	2,239
					376,143	2 858
4.	OTHER TRADING ACTIVITIES
					2020	2019
					E	E
	Retail				11,231	33,612
	Venue income				1,816	23,392
	Event income				3,650	33,131
	Other trading		activities		8,178	21,815
					24,875	111,850
5.	INVESTMENT		INCOIYIE
					2020	2019
					E
	Deposit account interest				573	825
6.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)			is stated after charging/(crediting):
					2020	2019
					E	E
	Depreciation	-	owned assets		2,855	2,068
	Audit fees				3,240	3,807

HE YEAR ENDED 3	1 D	ECEM	B	ER	2020
STAFF COSTS
									2020	2019
									E
Wages and salaries									220,028	194,291
Social security costs									10,147	9,420
Other pension costs									7 566	6,540
									237 741	210,251
Key management remuneration				totalled E41,600(2019:E37,712)
The average monthly	number		of	employees		during	the year	was as follows:
									2020	2019
Management and administration									17	15
No employees received		emoluments			in excess of		E60,000.
COMPARATIVES FOR		THE STATEMENT				OF FINANCIAL		ACTIVITIES
								Unrestricted	Restricted	Total
								fund	funds	funds
								E		E
INCOME AND ENDOWMENTS				FROM
Donations and legacies								619	2,239	2,858
Charitable activities
Ticket sales								231,620		231,620
Other trading activities								111,950		111,950
Investment income								825		825
Total								345 014	2,239	347,253
EXPENDITURE QN
Raising funds								39,776		39,776
Charitable activities
General running costs								68,874	165	69,039
Staff costs								213,251		213,251
Professional fees								8,852		8,852
Total								330,753	165	330,918
NET INCOME								14,261	2,074	16,335
RECONCILIATION	OF	FUNDS
Total funds brought	forward							157,409	1,000	158,409
TOTAL FUNDS CARRIED FORWARD								171,670	3.074	174,744

THE HEART OF THE CITY P	THE HEART OF THE CITY P		ARTNERSHIP
NOTES TO THE FINANCIAL			STATEMENTS - continued
FOR	THE YEAR ENDED 31	DECEMBER 2020
10.	TANGIBLE FIXEDASSETS
					Computer
					equipment
					E
	COST
	At 1 January 2020 Additions				15,131 4,158
	At 31 December 2020				19,289
	DEPRECIATION
	At 1 January 2020 Charge for year				9,046 2,855
	At 31 December 2020				1 11901
	NET BOOK VALUE
	At 31 December 2020				7,388
	At 31 December 2019				6,085
11.	STOCKS
				2020	2019
				F	E
	Stocks			10,682	14,718
12.	DEBTORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2020	2019
				E	E
	Trade debtors			600	2,226
	Prepayrnents and accrued income			109,922	4,564
				110,522	6„700
13.	CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR
				2020	2019
				E	E
	Trade creditors			5,497	8,561
	Social security and other taxes			3,969	3,680
	Other creditors			13,772	2,509
	Accruals and deferred	income		~11 456	12,947
				34,694	27,697

ANALYSIS O	F N	ET AS	SETS B	ETWEEN FUNDS
						2020	2019
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
				E	E	E	E
Fixed assets				7,388		7,388	6,085
Current assets				231,209	124,458	355,667	196,356
Current liabilities				~34 694)		~34,694)	~27 697)
				203,903	124458	328,361	174.744
MOVEMENT	IN FUNDS
					Net	Transfers
					movement	between	At
				At 1.1.20	in funds	funds	31.12.20
					E		E
Unrestricted	funds
General fund				171,670	28,075	4,158	203,903
Restricted funds
CCTV installation				1,000	(782)		218
Defibrillator				1,644			1,644
Explorers Road				430			430
Costumes for Live Interpretations Culture Recovery Fund					1,243 125,081	~4,158)	1,243 120,923
				3074	125 542	~4,158)	124,458
TOTAL FUNDS				174 744	153,617		328 361
Net movement	in	funds,	included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					E	E	E
Unrestricted	funds
General fund					260,321	(232,246)	28,075
Restricted funds
CCTV installation					4,000	(4,782)	(782)
Costumes for	Live interpretations				1,243		1,243
Culture Recovery		Fund			206 700	~81 619)	125,081
					211,943	~86,401)	126 542
TOTAL FUNDS					472,264	~318,647)	153,617