| Pages | ||
|---|---|---|
| Trustees' Annual Report |
2to3 | |
| Independent Examiner's |
Report | |
| Statement of Financial Activities | ||
| Balance Sheet | ||
| Notes to the Accounts | 7to 12 | |
| Detailed Statement of Financial Activities | 13to 14 |
| Statement ofFinancial Activit for the year ended 31March |
ies 2021 |
||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Notes | E | f. | |||
| Income and endowments | |||||
| from; | |||||
| Donations and legacies |
425 | 20,000 | 20,425 | 24,999 | |
| Charitable activities |
4,079 | 4,079 | 10,994 | ||
| Other | 24,694 | 24,694 | |||
| Total | 29,198 | 20,000 | 49,198 | 35,993 | |
| Expenditure on; |
|||||
| Raising funds | 612 | 612 | |||
| Charitable activities |
828 | 24,217 | 25,045 | 44,568 | |
| Other | 9,325 | 1,419 | 10,744 | 17,410 | |
| Total | 10,765 | 25,636 | 36,401 | 61,978 | |
| Net gains on investments | |||||
| Net income/(expenditure) | 1.8,433 | (5,636) | 12,797 | (25,985) | |
| Transfers between funds |
|||||
| Net income/(expenditure) before other gains/(losses) |
18,433 | (5,636) | 12,797 | {25,985) | |
| Other gains and losses | |||||
| Net movement in funds |
18,433 | {5,636) | 12,797 | (25,985) | |
| Reconciliation offunds: | |||||
| Total funds brought forward | 4,730 | {24,148) | (19,41&) | 6,567 | |
| Total funds carried forward | 23,163 | (29,784) | (6,621) | (19,418) |
| Cromer Community Ass Balance Sheet at 31March 2021 |
ociation CIO |
|||
|---|---|---|---|---|
| Charity No. 1166014 | 2021 | 2020 | ||
| Current assets | ||||
| Cash at bank and in | hand | 12,638 | 6,621 | |
| 12,638 | 6,621 | |||
| Creditors: Amount falling due within one year |
10 | (15,188) | (18,187) | |
| Net current liabilities | (2,550) | (11,566) | ||
| Total assets less current | liabilities | (2,550) | (11,566} | |
| Creditors: Amounts falling due after more than one year |
(4,071) | (7,852) | ||
| Net liabilities excluding | pension asset or liability | (6,621) | (19,418} | |
| Total net liabilities | (6,621) | (19,418) | ||
| The funds ofthe charity | ||||
| Restricted funds | ||||
| Restricted income funds |
(29,784) | (24,148) | ||
| (29,784) | (24,148) | |||
| Unrestricted funds |
12 | |||
| General funds | 23,163 | 4,730 | ||
| 23,163 | 4,730 | |||
| Reserves | ||||
| Total funds | (6,621) | (19,418) |
| Fund accoun | Fund accoun | ting | ting | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | These are available for use at the discretion ofthe trustees in furtherance |
of | the | |||||
| general objects ofthe charity, | |||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular purposes. |
||||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | |||||
| restatement of investment assets at their market values, |
|||||||||
| Restricted | funds | These are available for use subject to restrictions imposed |
by the donor or | through | |||||
| terms ofan appeal. | |||||||||
| income | |||||||||
| Recognition | of | Income is included in the Statement of Financial Activities |
(SoFA) when the | charity | |||||
| income | becomes entitled to, and virtually certain to receive, the |
income and the amount | |||||||
| ofthe income can be measured with sufficient reliability, |
|||||||||
| Income with | related | Where income has related expenditure the income and |
reiated expenditure | is | |||||
| expenditure | reported gross in the SoFA. |
||||||||
| Donations | and | Voluntary income received by way ofgrants, donations |
and gifts is included | in | the | ||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | |||||||
| entitlement to the income. |
|||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFA at the same time as the |
|||||||
| donations | and | gifts | gift/donation to which it relates. |
||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
||||||||
| and facilities | where the benefit to the Charity is reasonably quantifiable, |
measurable and |
|||||||
| material, | |||||||||
| Volunteer | help | The value of any volunteer help received is not included |
in the accounts, | ||||||
| Investment | income | This is included in the accounts when receivable, |
|||||||
| Gains/(losses) | on | This includes any gain or loss resulting from revaluing investments to market |
value | ||||||
| revaluation | of | fixed | at the end ofthe year, | ||||||
| assets | |||||||||
| Gains/(losses) | on | This includes any gain or loss on the sale of investments. |
|||||||
| investment | assets |
| 2 | Statemen | t | ofFinancial | Activities - prior y | ear | |||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricte | |||||||
| funds | d funds | Total funds | ||||||
| 2020 | 202Q | 2020 | ||||||
| E | E | |||||||
| Income and endowments | from: | |||||||
| Donations | and legacies | 25,000 | 25,000 | |||||
| Charitable | activities | 10,994 | 10,994 | |||||
| Total | 10,994 | 25,000 | 35,994 | |||||
| Expenditure | on: | |||||||
| Charitable | activities | 943 | 43,625 | 44,568 | ||||
| Other | 17,411 | 17,411 | ||||||
| Total | 18,354 | 43,625 | 61,979 | |||||
| Net | income | (7,36Q) | (18,625} | (25,985) | ||||
| Net | income before other | |||||||
| gains/{losses) | (7,360) | (18,625) | (25,985) | |||||
| Other gains and losses: | ||||||||
| Net | movement | in funds | (7,360) | (18,625) | (25,985) | |||
| Reconciliation | offunds: | |||||||
| Total funds brought forward | 12,090 | (5,523} | 6,567 | |||||
| Total funds carried forward | 4,730 | I24,148) | (19,418) | |||||
| 3 | Income from donations | and legacies | ||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2021 | 2020 | |||||||
| Grants received | 20,000 | 2Q,OOO | 19,999 | |||||
| Donations | received | 5,0QO | ||||||
| Sale ofcharity calendars | 425 | |||||||
| 20,000 | 20,425 | 24,999 | ||||||
| 4 | Income from charitable | activities | ||||||
| Unrestricted | Total | Total | ||||||
| 2021 | 2020 | |||||||
| E | ||||||||
| Events | 4,079 | 4,079 | 10,994 | |||||
| 4,079 | 4,079 | 10,994 |
| 5 | Other incom | e | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||||
| 2021 | 2020 | ||||||||
| f | E | ||||||||
| Government | Covid | grants | 24,694 | 24,694 | |||||
| 24,694 | 24,694 | ||||||||
| 6 | Expenditure | on raising | funds | ||||||
| Unrestricted | Total | Total | |||||||
| 2021 | 2020 | ||||||||
| Costs ofgenerating | voluntary | ||||||||
| income | |||||||||
| Sale ofcharity calendars | 612 | ||||||||
| 7 | Expenditure | on charitable | activities | ||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 2021 | 2020 | ||||||||
| Expenditure | on charitable | ||||||||
| activities | |||||||||
| Events | 828 | 943 | |||||||
| Property improvements |
24,217 | 24,217 | 43,625 | ||||||
| Governance | costs | ||||||||
| 24,217 | 25,045 | 44,568 | |||||||
| 8 | Other expenditure | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 2021 | 2020 | ||||||||
| Bank loan and overdraft | |||||||||
| interest payable | 1,419 | 1,419 | 2,998 | ||||||
| Employee costs | 4,303 | 4,303 | 6,919 | ||||||
| Premises costs | 2,438 | 2,438 | 2,243 | ||||||
| General administrative | costs | 2,104 | 2,104 | 2,584 | |||||
| Legal and professional | costs | 480 | 480 | 2,666 | |||||
| 9,325 | 1,419 | 10,744 | 17,410 | ||||||
| 9 | Staff costs | ||||||||
| Salaries and | wages | 4,303 | 6,919 | ||||||
| 4,303 | 6,919 |
| 10 | Creditors: | |||
|---|---|---|---|---|
| amounts | falling due within one year | |||
| 2021 | 2020 | |||
| Bank loans and overdrafts | 3,490 | 3,489 | ||
| Loans from trustees | 11,698 | 14,698 | ||
| 15,188 | 18,187 | |||
| 11 | Creditors: | |||
| amounts | falling due after more than one year | |||
| 2021 | 2020 | |||
| Bank loans and overdrafts | 4,071 | 7,852 | ||
| 4,071 | 7,852 |
| Incoming | |||||
|---|---|---|---|---|---|
| resources | Resourc | At 31 | |||
| (including | March | ||||
| At 1April | other gains/losses |
expende d |
2021 | ||
| 2020 | ) | ||||
| Restricted funds; | |||||
| Restricted income funds: | |||||
| Property improvements |
(24,148) | 20,000 | (25,636) | (29,784) | |
| Total | (24,148) | 20,000 | (25,636) | (29„784) | |
| Unrestricted | funds: | ||||
| General funds | 4,730 | 29,198 | (10,765) | 23,163 | |
| Revaluation | Reserves: | ||||
| Total funds | (19,418) | 4S,198 | (36,401 |
| Not 13 |
es to the Accounts Analysis ofnet assets between funds |
|||
|---|---|---|---|---|
| Unrestricted | Restricte | |||
| Total | ||||
| funds | d funds | |||
| f. | f | |||
| Net current assets | 12,638 | (15,188) | (2,550) | |
| Creditors due in more than one year and provisions |
(4,071) | (4,071) | ||
| 12,638 | (19,259) | (6,621) | ||
| 14 | Reconciliation ofnet debt | |||
| At 31 | ||||
| At 1April | Cash | March | ||
| 2020 | flows | 2021 | ||
| E | f. | f. | ||
| Cash and cash equivalents | 6,621 | 6,017 | 12,638 | |
| 6,621 | 6,017 | 12,638 | ||
| Bank loans | {11,341) | 3,780 | (7,561) | |
| {11,341) | 3,780 | (7,561) | ||
| Net debt | {4,720) | 9,797 | 5,077 |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2021 | 2021 | 2021 | 2020 | |||||
| E | f | |||||||
| Income and endowments | from: | |||||||
| Donations | and iegacies | |||||||
| Grants received | 20,000 | 20,000 | 19,999 | |||||
| Donations | received | 5,000 | ||||||
| Sale ofcharity calendars | 425 | 425 | ||||||
| 425 | 20,000 | 20,425 | 24,999 | |||||
| Charitable | activities | |||||||
| Events | 4,079 | 4,079 | 10,994 | |||||
| 4,079 | 4,079 | 10,994 | ||||||
| Other | ||||||||
| Government Covid |
grants | 24,694 | 24,694 | |||||
| 24,694 | 24,694 | |||||||
| Total income and endowments | 29,198 | 20,000 | 49,198 | 35,993 | ||||
| Expenditure on: |
||||||||
| Costs ofgenerating | donations | and | ||||||
| legacies | ||||||||
| Sale ofcharity calendars | 612 | 612 | ||||||
| 612 | ||||||||
| Total ofexpenditure | on raising | |||||||
| funds | ||||||||
| Charitable | activities | |||||||
| Events | 828 | 828 | 943 | |||||
| Property | improvements | 24,217 | 24,217 | 43,625 | ||||
| 828 | 24,217 | 25,045 | 44,568 | |||||
| Total ofexpenditure activities |
on charitable | 828 | 24,217 | 25,045 | 44,568 | |||
| Other expenditure | ||||||||
| Bank loan and overdraft | interest | |||||||
| payable | 1,419 | 1,419 | 2,998 | |||||
| 1,419 | 1,419 | 2,998 | ||||||
| Employee | costs | |||||||
| Salaries/wages | 4,303 | 4,303 | 6,919 | |||||
| 4,303 | 4,303 | 6,919 | ||||||
| Premises | costs | |||||||
| Rates | 788 | 788 | 581 | |||||
| Premises | insurances | 1,510 | 1,510 | 1,443 | ||||
| Other premises costs | 140 | 140 | 219 | |||||
| 2,438 | 2,438 | 2,243 |
| Detailed Statement of F General administrative |
inancial Activities costs, |
||||
|---|---|---|---|---|---|
| including depreciation |
and | ||||
| amortisation | |||||
| Sundry expenses | 158 | 158 | |||
| Telephone, fax and broadband |
1,946 | 1,946 | 2,584 | ||
| 2,104 | 2,104 | 2,584 | |||
| Legal and professional | costs | ||||
| Audit/Independent examination fees |
480 | 480 | 180 | ||
| Other legal and professional costs |
2,486 | ||||
| 480 | 480 | 2,666 | |||
| Total ofexpenditure of |
other costs | 9,325 | 1,419 | 10,744 | 17,410 |
| Total expenditure | 10,765 | 25,636 | 36,401 | 61,978 | |
| Net gains on investments | |||||
| Net income/(expenditure) | 18,433 | (5,636) | 12,797 | {25,985) | |
| Net income/(expenditure) other gains/(losses) |
before | 18,433 | (5,636) | 12,797 | (25,985) |
| Other Gains | |||||
| Net movement in funds |
18,433 | (5,636) | 12,797 | {25,985) | |
| Reconciliation offunds: |
|||||
| Total funds brought forward |
4,730 | (24,148) | (19,418) | 6,567 | |
| Total funds carried forward | 23,163 | (29,784) | (6,621) | (19,418) |