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2021-03-31-accounts

ANNUAL New Generation Community Trust l erfiiiir APRIL 2Q20-MAR 2021

ANNUAL REPORT

Structure, Governance and Management

New Generation Community Trust is constituted as a Charitable Trust registered with the Charity Commission in April 2016 under Charity No: 1166307

Trustees

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JANE JON CLARE CHRIS JANET
WRIGHT WEST STEVENS REGAN DUBBEY
(CHAIR)
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Organisational Structure

The Charity Trustees are responsible for the general control and management of the charity. The Trustees give their time freely and receive no remuneration or other financial benefits. The Trustees meet together, as a body, quarterly and are responsible for all decisions taken in relation to running the charity, the community facilities and the activities provided by the charity. To assist in the smooth running of the charity, the Trustees have set up responsibilities. The day-to-day management of the charity, community facilities and projects are delegated to staff.

Induction and Training of Trustees

Following appointment, new trustees are introduced to their new role and given copies of the Trust Deed and a guide to the policies and procedures adopted by our charity. A number of publications from the Charity Commission are also provided, including the guidance on charities and public benefit. This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act. Initially, new trustees work with an existing trustee assisting on particular activities and projects run by the charity. After satisfactory feedback from existing trustees, they are then given the task of leading a particular activity or project, reporting progress at Trustees’ meetings.

MARCH 2021

Lockdown Measures

The outbreak of COVID19 and the following lockdown were unexpected.

We spent time at the beginning of lockdown reviewing our business continuity plans and writing and rewriting risk assessments.

There was, of course, a stop to substantial earned income we relied on through services, goods and activities we offered. This meant there was a need to access the Government Furlough Scheme, claim exemption on Business Rates and apply for Emergency COVID Grants and Funding. This made a difference to the charity being able to survive during lockdown.

We also had to absorb a substantial cut to funding from the Council during this time. Our success in applying for Emergency Funding and adapting services has helped us to remain financially stable through the year and has put us in a good place for the future.

Partnerships

We furloughed all staff except for our Charity Manager and Finance Officer.

Whilst furloughed, the majority of the staff team joined with a local partner organisation to help them meet demand. The team served our community at our local food bank where they were able to help with food pick ups, deliveries, stacking and packing.

Whilst the Library building was closed we redecorated and refurbished. We also created a new website and worked on developing our social media presence.

TRUSTEES REPORT

WITH THE CLOSING OF LIBRARIES AND COMMUNITY CENTRES

WE HAD TO QUICKLY ADAPT

THE COVID19 PANDEMIC MEANT LIBRARIES AND COMMUNITY CENTRES HAD TO CLOSE ! WHILST THE BUILDING PROVIDES THE CORE OF WHAT WE OFFER IT IS NOT EVERYTHING !

THE ROLE OF OUR COMMUNITY LIBRARY CONTINUED DURING LOCKDOWN , EVEN THOUGH THE DOORS WERE CLOSED .

WE LAUNCHED A BOOK DELIVERY SERVICE TO LIBRARY MEMBERS AND INTRODUCED A POPULAR JIGSAW PUZZLE LENDING SERVICE TOO . WE ALSO PROVIDED A SELECT AND COLLECT SERVICE FOR BOOK BORROWING .

OLDER MEMBERS OF THE LIBRARY RECEIVED REGULAR PHONE CALLS OFFERING EMOTIONAL SUPPORT , SHOPPING , PRESCRIPTION PICKUPS AND EVEN EMERGENCY DIY FIXES !

WE WERE ABLE TO PROVIDE SUPPORT WITH DIGITAL EXCLUSION PROVIDING TABLETS , LAPTOPS AND ADVICE TO THOSE WHO WERE STRUGGLING .

ADAPTABILITY AND INNOVATION WERE KEY FOR THIS YEAR .

WE SUPPORTED FAMILIES BY PUTTING OUR SONG AND STORY TIMES ONLINE . WE ALSO CREATED LOTS OF OTHER CONTENT SUCH AS PUPPET SHOWS , BOOK REVIEWS , POETRY AND CRAFT IDEAS . FREE KIDS ACTIVITY PACKS WERE AVAILABLE FOR FAMILIES TO COLLECT AT THE DOOR . THEY CONTAINED CRAFTS , COLOURING AND FUN ACTIVITIES FOR FAMILIES TO ENJOY TOGETHER .

WE PROVIDED SUPPORT GROUPS FOR YOUNG PEOPLE WITH OUR SHINE COURSE .

NEW PARENTS WERE SUPPORTED THROUGH OUR BABIES BORN IN LOCKDOWN SUPPORT GROUPS .

MARCH 2021

TRUSTEES REPORT

We Have Delivered

WE WERE ABLE TO DELIVER A MIXTURE OF IN-PERSON, ONLINE AND TAKE HOME EVENTS

EVENTS

SUPPORT GROUPS

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Direct Support Event
People Reach Groups Giveaways
Q1 Apr-Jun
20
Q2 Jul-Sep
45 200
20
Q3 Oct-Dec
347 542
20
Q4 Jan-Mar 271 855
21
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MAR 2021

TRUSTEES REPORT

Website & Social Media

WEBSITE

The COVID-19 Pandemic has accelerated our increasing reliance on digital technology.

Our storefront very much became a digital space instead of a physical one.

We invested in updating our website to create a site that is relevant and offers a great user experience.

The website is kept up to date with latest news and events for the library, community hub and coffee house.

SOCIAL MEDIA

We increased our social media use , concentrating on Facebook and Instagram .

We wanted to create exciting media : engaging audiences through a variety of topics and conversation starters as well as celebrating annual calendar and ad hoc events . As well as celebrating national events we used our social media to let people know more about our offer .

Through our website you can apply to volunteer, donate, book events and find up to date information.

MARCH 2021

OUR IMPACT

We know people’s health and wellbeing is determined by many factors. We provide a range of activities and groups that are in line with social prescribing. They support those with long-term conditions or who are lonely or isolated or have social needs.

The Mental Health Foundation Coronavirus Study involving adults across the UK found that as lockdown eased: almost 1 in 5 felt hopeless; over 1 in 4 of the unemployed felt hopeless; almost 1 in 3 of 18-24 year olds felt hopeless; and almost 1 in 3 of people with pre- existing mental health conditions felt hopeless.

During a year of uncertainty and added pressure on mental health and wellbeing we decided we would be a trusted voice in the community.

We were acutely aware of the need as a vital part of our communities social infrastructure.

We helped to:

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IN A TIME OF
UNCERTAINTY WE
DECIDED TO BE A
TRUSTED VOICE IN
OUR COMMUNITY
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TRUSTEES REPORT

A VOICE TO BE TRUSTED IN UNCERTAIN TIMES

TESTIMONIALS

New Parent: 'I feel part of a caring and loving community and I have found my confidence has improved and I look forward to coming to the library.'

Shine Course One girl said: ‘I was at rock bottom and hated myself but now I feel really good.'

Many parents have emailed thanks as they have been amazed at the change in their children.

Elderly Lady: ‘I have been contacted by the library on several occasions this has helped me greatly reduce my sense of isolation.’

Mum: ‘since attending shine, she’s like a different person, she’s chatty and brighter, she’s even trying more at school. It’s great!’

Member's Surveys

MAR 2021

TRUSTEES REPORT

What did we learn?

We learnt that we have a very adaptable, creative and innovative team and environment and we leant heavily into this during lockdown.

We quickly realised we needed to formalise our partnership working and grow our relationships with other local charities and organisations. To do this we employed a Partnership Worker. This has provided us with firmer relationships locally and shared outcomes but it has also increased our reach and quality of provision.

OUR PREMISES MIGHT BE SHUT BUT YOU CAN'T CLOSE COMMUNITY

Where Are We Going?

We are adapting to meet the needs in our community. Our focus for the next year has 3 main priorities:

Improve confidence, connectedness and mental wellbeing for families including new parents impacted by COVID restrictions. Increase the development opportunities for babies that have been born in lockdown – providing support, stimulation and socialisation.

Improve the mental wellbeing, resilience, self-esteem and connectedness of young people (targeted to 11-15 year olds).

Connect and increase confidence in the elderly who have been impacted through extended isolation and digital exclusion.

MAR 2021

OUR SUPPORTERS

Volunteers

Our volunteers showed great resilience in helping develop and adapt our services.

Thank you to our great team of volunteers who have helped to deliver amazing support in the community over the last year.

Thank you to the local businesses that have continued to support us and for the community who have donated so many books that we were able to have a 'BIG BOOK SALE'. Also, for their ongoing support of the library.

Thank you to Morrisons for supporting us with our food bag giveaways.

ANNUAL REPORT

Trustees Report March 2021

Trustees report was approved by the board of trustees ................................................ Signed:

Ms C Stevens 20/1/2022

New Generation Community Trust Charity No. 1166307

MARCH 2021

Charity Registration No. 1166307

NEW GENERATION COMMUNITY TRUST

BLACKFEN COMMUNITY LIBRARY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr C Regan
Ms J Wright
Mr J West
Ms J Dubbey
Ms C Stevens
Charity number 1166307
Principal address Blackfen Community Library
7-9 Blackfen Parade
Blackfen
DA15 9LU
Independent examiner Colin Dadswell FCA ACCA DChA
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Bankers Lloyds Bank plc
Butler Place
Chelmsford
Essex
CM1 1JS

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY CONTENTS

Page
Trustees' report 1
Statement of trustees' responsibilities 2
Independent examiner's report 3
Statement of financial activities 4
Statement of financial position 5
Notes to the financial statements 6 - 15

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their annual report and financial statements for the year ended 31 March 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 constitution , the Charities Act 2011 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 object ives are :

1) To advance education through the provision of a public library and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the condition of life for these inhabitants.

2) To relieve those in need in the London borough of Bexley and its surrounding neighbourhood, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Details of the activities which took place during the year are given in the separate 'Annual Report' document filed alongside these accounts.

Financial review

The unrestricted funds showed a surplus for the year of £29,977 leaving unrestricted funds of £47,107 at the year end.

The charity also held restricted funds of £6,598 at the year end.

Reserves policy

Any reserves at the end of the financial year will be allocated to provide a strategic reserve for the enhancement of the library facilities for the community with agreement from the Trustees.

The priority for any reserves generated will be to create a reserve for the enhancement of the library facilities for the community. The Trustees expect that a reserve of 10 to 15 percent of income should ideally be maintained for a contingency.

Risk assessment

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2021

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW GENERATION COMMUNITY TRUST I report to the trustees on my •xamin8tion of the tinan¢ial slatsments of New Generation C¢)mmunity Trust (the chorityl for the ytsar endad 31 March 2021. R••pon•ibiliii•• and b••l• of roport As the trustees of tha charty you are re8ponsiblo for tho preparation of the financial ststem8nts In accordance with the reqvirement8 of the Charities Act 2011 Ilhe 2011 Act). I report in r•spect of My examination of th8 charity'8 fin8ncial ststements Cgrried out under 8ecllon 145 of the 2011 Act. In carying out my examination I have lollowed all th& applicable Directions giv•n by thè Charfty Commission und•r sects.on 14515llbl of the 2011 Act. Ind•p•nd•nt •xamln•rf• •tst•m•nt Your attention 18 drawn lo th• facl that the charity has prepared financial statemantg in accordance with Accounting 8nd Reporting by Charitbes prepBring their accounts in accordan¢e wrth the Fln8nci81 Reporting Standard ap￿ICable in iha UK and Republ￿ of Ireland IFRS 1021 In preltsrence to the Accounting and R*ptsrb'ng by Ch8rilies'. Statement of Recommended Practice issued on 1 April 2005 which is r•f•rr•d to in th¢ extant rggulallonb but ha8 now been wlhdrawn. undèrstand that thi8 has b••n don• in ord•r for financl•l 8tfjl•m•nls to provid• • true and fair vi8w in accordance with Generally Accapled Accounllng Prgetice eff•ctiv• for r•porting period8 beginning on or 8ft•r 1 January 2015. I have completed my examination. I conflmi Ihal no mattèrs havo comts to my gtt•nllon In conn•clion wlth the examination giving me cause lo b811èvè th81 in any material respect.. accounting records w•r• not kept In respect of lh¢ ¢harKy as rwulred by $ecUcffl 130 of th• 2011 ACL or Ihtr financlal 81alements do not accord wlth those r•cords,' or the flnancial statements do not comply with the applicable iequlrements concerning the form and conlenl of gccounls sol out in the Charltl8s IAG¢ounl6 and Reports) Regulations 2008 olh•r Ih¥n any roqulrèménl thgt the accounts givo • true and f¥ir view vthich 18 not a matter considered as part of gn ind•pendenl examinatlon. I hav¢ no ¢on¢em8 #nd have come acTOSS no other m8lleT8 in Connection with th• examinallon lo whSch attenlbon Should be drawn in this r•port in ordèr to enable a proper understanding of the financial slalements to b• reached. Colln Oad•w•ll FCA ACCA DChA Caladine Limited Chantry House 22 Upperton Road Easlboume East Sussex BN21 1BF Oated. .?.6.lQl j loi

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted Restricted Total Unrestricted Total Unrestricted Restricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
Notes £ £ £ £ £ £
Income from:
Donations and legacies 3 80,559 24,965 105,524 49,482 21,748 71,230
Charitable activities 4 661 - 661 2,255 - 2,255
Other trading activities 5 6,876 - 6,876 51,395 - 51,395
Total income 88,096 24,965 113,061 103,132 21,748 124,880
Expenditure on:
Raising funds 6 5,644 1,568 7,212 22,621 - 22,621
Charitable activities 7 64,169 22,402 86,571 86,035 4,451 90,486
Total resources expended 69,813 23,970 93,783 108,656 4,451 113,107
Net incoming resources
before transfers 18,283 995 19,278 (5,524) 17,297 11,773
Gross transfers
between funds 16 11,694 (11,694) - - - -
Net income/(expenditure)
for the year/
Net movement in funds 29,977 (10,699) 19,278 (5,524) 17,297 11,773
Fund balances at 1 April 2020 17,130 17,297 34,427 22,654 - 22,654
Fund balances at 31 March
2021 47,107 6,598 53,705 17,130 17,297 34,427

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2021 2021 2020 Notes Fixed 8ss•t¥ Furniture, equipment and so￿are Current a¥sets Tr8de and other recelvablas Cash al bank and in hand 11 3.075 3,235 12 1.308 42.122 52.836 52,836 12,2Q61 43,430 112,238) Curr•nt Ilabllltl•s 13 N81 current assets 50,630 31,192 Totsl as8•ts1988 curront Ilabilitlos 53,705 34,427 In¢omo fundg Restricted funds Unra$lri¢l?d funds 16 6,598 47,107 17,297 17,130 53,705 34.427 The flnancial slalem•nl$ were approved by the Trustees on Iyththw.￿l I nj hl Ms C Stevens Truste& Trust•e

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

New Generation Community Trust is a Charitable Incorporated Organisation governed by its constitution. The Charity's principal address is Blackfen Community Library, 7-9 Blackfen Parade, Blackfen, DA15 9LU.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 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 have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements 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 accounts, 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 accounts.

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 financial statements.

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.

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts.

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies (Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Liabilities are recognised when a constructive obligation exists, the payment is probable and the obligation can be measured or estimated reliably.

Resources expended are allocated to the particular cost centre to which they relate and include irrecoverable VAT.

1.6 Furniture, equipment and software

Furniture, equipment and software 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 basis:

Furniture, equipment and software 25% straight line

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 non-current 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.

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies (Continued)

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

3 Donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
£ £ £ £ £ £
Donations and gifts 1,761 - 1,761 1,661 - 1,661
Grants received 78,798 24,965 103,763 47,821 21,748 69,569
80,559 24,965 105,524 49,482 21,748 71,230

4 Charitable activities

2021 2020
£ £
Sale of books 581 1,337
Venue hire 80 918
661 2,255

5 Other trading activities

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Events 784 2,266
Café income 6,092 49,129
Other trading activities 6,876 51,395

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

6 Raising funds

Unrestricted Restricted Total Unrestricted
funds funds funds
2021 2021 2021 2020
£ £ £ £
Fundraising and publicity
Advertising 1,254 1,568 2,822 688
Trading costs
Café equipment maintenance and consumables 4,390 - 4,390 21,534
Café equipment leasing - - - 399
Trading costs 4,390 - 4,390 21,933
5,644 1,568 7,212 22,621

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

7 Charitable activities

2021 2020
£ £
Staff costs 52,816 47,215
Depreciation and impairment 2,211 3,779
Printing and stationery 1,717 3,031
Groups and activities 1,715 1,607
Training costs 148 600
Sundry 112 84
Cleaning 6,160 5,749
Gifts - 661
COVID 19 expenditure 1,077 -
65,956 62,726
Share of support costs (see note 8) 18,519 26,260
Share of governance costs (see note 8) 2,096 1,500
86,571 90,486
Analysis by fund
Unrestricted funds 64,169 86,035
Restricted funds 22,402 4,451
86,571 90,486

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

8 Support costs

Support costs
Support
Governance		 Total Support
Governance		 Total
costs costs 2021 costs costs 2020
£ £ £ £ £ £
Business rates - - - 4,133 - 4,133
Insurance 891 - 891 891 - 891
Telephone 5,502 - 5,502 5,889 - 5,889
Computer IT and
software 3,490 - 3,490 3,828 - 3,828
Utilities 7,374 - 7,374 8,769 - 8,769
Bank charges 508 - 508 999 - 999
Licences 563 - 563 1,196 - 1,196
Subscriptions 191 - 191 555 - 555
Accountancy and
Independent
Examination - 2,096 2,096 - 1,500 1,500
18,519 2,096 20,615 26,260 1,500 27,760
Analysed between
Charitable activities 18,519 2,096 20,615 26,260 1,500 27,760

Governance costs includes payments to the accountants of £600 for Independent Examination fees.

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

The average monthly number of employees during the year was:

2021 2020
Number Number
Cafe and Admin 8 5
Employment costs 2021 2020
£ £
Wages and salaries 51,745 46,963
Social security costs 719 -
Other pension costs 352 252
52,816 47,215

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

10 Employees (Continued)

There were no employees whose annual remuneration was more than £60,000.

11 Furniture, equipment and software

11 Furniture, equipment and software
Furniture, equipment and
software
£
Cost
At 1 April 2020 15,115
Additions 2,050
At 31 March 2021 17,165
Depreciation and impairment
At 1 April 2020 11,879
Depreciation charged in the year 2,211
At 31 March 2021 14,090
Carrying amount
At 31 March 2021 3,075
At 31 March 2020 3,235
12 Trade and other receivables
2021 2020
Amounts falling due within one year: £ £
Prepayments and accrued income - 1,308
13 Current liabilities
2021 2020
Notes £ £
Other taxation and social security 831 588
Deferred income 14 - 10,150
Accruals and deferred income 1,375 1,500
2,206 12,238

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

14 Deferred income

2021 2020
£ £
Other deferred income - 10,150

15 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £352 (2020 - £252).

16 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:

Movement in funds Movement in funds Movement in funds Movement in funds
Incoming
Resources		 Balance at Incoming
Resources		 Transfers Balance at
resources expended 1 April 2020 resources expended 31 March 2021
£ £ £ £ £ £ £
Bright Ideas 15,000 (4,301) 10,699 5,000 (4,005) (11,694) -
Postcode
Lottery 6,748 (150) 6,598 - - - 6,598
National
Lottery
Community
Fund - - - 19,965 (19,965) - -
21,748 (4,451) 17,297 24,965 (23,970) (11,694) 6,598

Expenditure for the Bright Ideas grant was initially restricted, however due to the pandemic, the restriction on the use of these funds was removed by the grant making body who advised the Charity should use remaining funds against core costs.

NEW GENERATION COMMUNITY TRUST BLACKFEN COMMUNITY LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

17 Analysis of net assets between funds

Unrestricted Unrestricted
Restricted
Total		 Unrestricted
Restricted
Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
£ £ £ £ £ £
Fund balances are represented by:
Property, plant and
equipment 3,075 - 3,075 3,235 - 3,235
Current assets/
(liabilities) 44,032 6,598 50,630 13,895 17,297 31,192
47,107 6,598 53,705 17,130 17,297 34,427

18 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2021 2020
£ £
Within one year - 1,719

19 Related party transactions

There were no disclosable related party transactions during the year (2020 - none).