|||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||(6,621)| ## ## ## |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)|