2021-01-31-accounts

		Page
Report ofthe Directors/Trustees
Independent Examiner's Statement
Statement of Financial Activities	(Section A)
Balance Sheet (Section B)
Notes to the Accounts (Section	C)	9-26

Registered Office:	Gate Burton, Horns Lane,	Combe, OX29 8NH
Directors/Trustees:	Andrew Hobson	(Chairman)
	Clare Paterson	(Treasurer)
	Roger Purssell	(Secretary)
	Andrew Walker-Brown
Bank:	HSBCWitney

			Combe Community	Combe Community	Combe Community	Combe Community	Hub	Hub			Charity No Company No	1168702 09941513
			Annual Accounts
			Period start date			01.02.20				To	Period end date	31,01.21
s
~
			~		~		s	~	~	~
						Unrestricted			Restricted			Prior year
							funds		income funds		Total funds	funds
							f			6	6
income (Note 3)
Income and endowments			from:
Donations and leg	ades						79,564				79,564	8,262
Charitable activities							8,233				8,233	12,206
Other trading activities
Inveslmsnts
Other								169			169
Total							87I966,				87,966	26,468
Expenditure	(Note	5)
Expenditure on:
Raising funds
Charitable activities							4,175				4,175	7462
Other							3,263				3,263	3,704
Total							7,438				7,438	11,166
Net income/(expenditure)				before tax for the
reporting perttod							80,528				80,528	9,302
Tax payable
Net income/(expenditure)				after tax before
investment gains/(iosses)							80,528,				80,528	9,302
Net gains/(losses)	on inveslmsnts
Net income/(expenditure)							80;528,				80,528	9,392!
Extraordinary items
Transfers between	funds
Other recognised		gains/(losses):
Gains and losses on revaluation			offasd		assets for Ihe charity's
own use
Other gains/(losses)
Net movement in funds							80,528				80,528	9,302.0.
Reconciliation offunds:
Total funds broughl	forward						154,204				154,204	144,902
Total funds carried		forward					234,732				234,732	154,204)

		Combe Community	Hub		Chari Com	No an No	No an No	1158702 09941513
		Annual Accounts
&:eTebrl	lel&	Period start date 01.02.20		To			Period ertd date	31.01.21

1.1 Basis of	accounting
These accounts have been		prepared	under the historical cost convention		with items recognised				at cost
or transaction	value unless	otherwise	stated in the relevant note(s) to these accounts.
The accounts	have been prepared in		accordance with;
		the Statement ofRecommended		Practice: Accounting		and Reporting			by
and with*		Chariities Reporting	preparing their accounts Standard applicable in	in accordance with the UK and Republic		the Financial ofIreland (FRS102)
		issued on	16July 2014
and with		the Financial Reporting Standard Republic of Ireland (FRS102)		applicable	in the United		Kingdom	and
and with the	Charities Act2011.

(ii)the reasons why applying the new accounting policy
provides more reliable and more relevantinformation;
and
(iii)the amount ofthe adjustment foreach line affected
in the cunent period, each prior period presented and
the aggregate amount ofthe adjustment relating to
periods before those presented, 3.44FRS102SORP.

No	changes	to	accounting	estimates	have occurred	in the reporting	period (3.46 FRS102SORP).
Yes*			v'
No*				*-Tickas appropriate

(i)the nature ofany changes;
(ii)the effect ofthe change on income and expense or
assets and liabilities forthe current period; and
(iii) where practicable, the effectofthe changein	one or
more future periods.

1.5 ltltaterial pdior year errors
No material prior year error have been identified		in the reporting	period (3.47FRS102SORP).
Yes*
No*	*-Tickas appropriate
Please disclose:
(i) the nature ofthe prior period	enori
(ii)foreach prior period presentedin the accounts, the
amount ofthe conection foreach account line item
affected; and
(iii) the amount ofthe conecgon	atthe beginning	ofthe
earliest prior period presentedin	the accounts.

Note 2			Accounting policies
INCOME
Recognition	ofincome		These are included in the Statement ofFinancial Activities (SoFA)when:
			~ the charity becomes entitled tothe resources;
			~ it is more likely than not that the trustees will receive the resources;	Yes*	No*	N/a
			~ the monetary value can be measured with suigcient reliability.
Offsetting			There lies been no offsetting ofassets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.	Yes'	No'	N/a'
			Grants and donations are only included in the SoFA when the general income recognition	Yes'	No	N/a'
			criteria are met (5.10to5.12FRS102 SORP).
			In the case ofperformance related grants, income must only be recognised to the extent	Yes*	No*	N/a*
			that the charity has provided the specified goods orservices as entitlement tothe grant
			only cecum when the performance related conditions are met (5.16FRS102SORP).
Government		grants	The charity has received government grants in the reporting period	Yes No N/a' CEO
			Gift Aid receivable is included in income when there isa valid declaration from the donor.
Tax reclaims		on	Any Gift Aid amount recovered on a donation is considered to be part ofthat gift and is	Yes*	No*	N/a*
donations and gifts			treated as an addition to the same fund as the initial donation unless the donor or the
			tenne ofthe appeal have specified otherwise.
Contractual performance	income and related		This is only included in the SoFA once the charity has provided the related goods or services or met the perfonnance related conditions.	Yes*	No'	N/a
grants
Supportcosts			The charity has incurred expenditure on support costs.	Yes	No'	N/a*
Volunteer help			The value ofany voluntary help received is not included in the accounts but is described in the trustees' annual reporL	Yes*	No	N/a*
Income from		interest,	This is included in the accounts when receipt is probable and the amount receivable can	Yes"	No	N/a
royalties and		dividends	be measured reliably.
EXPENDITURE AND LIABILITIES
			LiabiliTies are recognised where it is more likely than not that there isa legal or	Yes*	No	N/a
Liability recognition			constructive obligation committing the charity to pay out resources and ihe amount ofthe obligation can be measured with reasonable certainty.
Governance costs		and support	Support costs have been allocated between governance costs and other support. Governance costs comprise ag costs involving public accountability ofthe chariiy and its	Yes*	No*	N/a
			compliance with regulation and good practice.
			Support costs include central functions and have been allocated to activily cost
			categories on a basis consistent with the use ofresources, eg allocating property costs by lloor areas, or per capita, staff costs by the time spent and other costs by their usage.	Yes* No N/a' CUBI
Creditors			The charity has creditors which are measured at settlement amounts less any trade discouiits	Yes"	No	N/a

Note 2	Accounting policies
ASSETS
Tangible fixed assets for	These are capitalised ifthey	can be used for more than one year, and cost at	least		51,500
use by charity				Yes*	No'	Nfa"
	They are valued at cost.
	The depreciation rates and methods used are disclosed in note 14.
current asset investments	The charily has investments which it holds for resale or pending their sale and cash equivalents with a maturiiy date less than one year. These include cash and cash equivalents with a maturiiy ofless than one year held for investment rather than to meet short-tenn cash commitments as they fall due.		cash and on deposit purposes	Yes No Nfa CCZ Yes No N/a
	They are valued at fair value	except where they qualify as basic financial instruments.
POLICIES ADOPTED
ADDITIONAL TO OR	Building improvements undertaken which are intrinsic tothe fixed asset 'Land		and Properly'	and ils value	are capitalised at
DIFFERENT FROIIII	cost even ifbelow F1,500
THOSE ABOVE

Note 3				I	nco	m	e
																	Restdcted
						Analysis				ofincome				Unrestricted funds			income funds	Total funds	Prior year
Donations		Donations			and		ifts								46,806			46;806,	735
and legacies:		Gift Aid
		Le acies
		General grants				provided				by government			(Note 4y
		other charities													32,653			32,653	4,184
		Membership			subscriptions					and	sponsorships
		which are		in substance					donations
		Donated	goods,				facilities			and	services
		Other - fundraising														105		105i	3,343
													Total		79,564			79,564	'8,262
Charitable		Hire ofcha			el	buildin									8,233			8,233	12,206
activities:
		Other
													Tota I	.	8;233			8,233	' 12,206
Other trading
activities:
		Other
													Total
Income from		Interest income														169		169
investments:		Dividend		income
		Rental and			leasin			income
		Other											Total	':		1'69		169
Separate
material	item
ofincome
													Total
Other:		Conversion			of	endowment				funds		into income
		Gain on disposal					ofa tangible				fixed asset held for
		chari 'sownuse
		Gain on disposal					ofa programme					related
		investment
		Royalties		from		the exploitation					of	intellectual
		ro e	ri		hts
		Other
													Total
TOTAL INCOME															87,'966,			87,96$	295468l

Note 4	A	nalysi	s ofrec	eipts ofgovernment grants
				Description		This year f	Last year f
Government	grant 1			West Oxfordshire District Council ODC		26,653		4,184
Government	grant 2			Combe Padish Council		6,000
Government	grant 3
Other
					Total	32,653	,	4,184
				Combe Community Hub was awarded a Community
				Facilities Grant of550,000 in July 2016towards	the
				acquisition and repair ofCombe Methodist Chapel for
				use as a community amenity to be funded as 20%of
Please provide details ofany unfulfilled condifions and other				the project cost.The grant became fully received year ended 31.01.21.	in the
contingencies attaching		fogrants		The grant-aided building must remain accessible	to the
that have been recognisedin			income.	public for a minimum term of15years.
Please give governmenf	details ofother forms of assistance from which			Within the grant funds of526,653received from WODC in the year ended 31.01.21,Combe Community Hub received discetionaiy grants totalling F7,702.00to
fhe charity	has directly	benefited.		provide assistance durin the Covid-19 pandemic.

Note 5		Expenditure
								Restricted
		Analysis ofexpenditure			Unrestricted funds			income funds		Totalfunds	Prior year
											6
Expenditure	on	incurred seeking donations
raising funds:		Incurred seeking legacies
		Incurred seeking grants
		Operating membership	schemes and
		social lotteries
		Staging fundraising events										441
		Advertising, marketing,	direct mail and
		publicity
		Start up costs incurred	in	generating
		new source offuture income
		Other trading activities
		intellectual property licencing costs
		Rent collection, property		repairs and
		maintenance charges
		Total expenditure on raising funds										441
Expenditure charitable activities	on	Communications and marketing Depreciation			203					203
		Building improvements
		Utilities and rates			1,708					1,708		2,747
		Insurance			1,413					1,413.		1,604
		Building maintenance				61				'61		2,961
		Fixtures and fittings			751					751I		150
		Other				39				39'
		Total expenditure on charitable										, I
		activities			.4,175,					4,175	.	7,462I
Separate material
item ofexpense
		Total
Other		Governance costs				13						13
		Loan interest payable			3,250					.3,256		3,250
		Total other expenditure			3;263					3,263	;,3,263
TOTAL EXPENDITURE					7438		i	-	~	7,,438,	11,166'

7.1 Cost or valuation	7.1 Cost or valuation	7.1 Cost or valuation
			Freehold	land	Other land &	Plant,	Fixtures,	Total
			8 buildings		buildings	machinery	fittings and
						snd motor	equipment
						vehicles
At the beginning the year		of	161,187					161,187
Additions			119,818					119,818
Revaluations
Disposals
Transfers *
At end ofthe	year		281	005				.281;665
7.2 Depreciation		and	impairments
		Basis	Reducing		SLor RB	SLor RB	SLor RB	SLor RB	Straight	Line
			balance (RB)						("SL")or
									Reducing
									Balance
									("RB")
		Rate	0%
At beginning	ofthe
year
Disposals
Depreciation
Impairment
Transfers*
At end ofthe year

Note 7	T	angible fixed assets
7.4Impairment
Please provide	a description ofthe events and
circumstances	that led to	fhe recognition or	Not applicable
reversal ofan	impairment	loss.

Trade debtors
Prepayments	and accrued income
Other debtors

	This	year f	Last year f
		865	240
		1,142	17,767
Total		2,007	18,007

8.2 Disclosu	re ofdebtors recoverable in more tha	n 1year (included in de	btors above)
			This year f	Last year f
Trade debtors
Prepayments	and accrued income
Other debtors
		Total

Note	9 Cash at bank and	in hand
					This year	Last	year
Short	term cash investments	(less than 3months	maturity	date)
Short	term deposits
Cash	at bank and on hand				23,599		41,878
Other
Total					- 23;599	. .	41,878

			Amounts	falling due	Amounts	falling due after	falling due after
			within one year		more	than	one year
			This year	Last year	This year		Lastyear
			6	6	6		6
Accruals	for grants payable
Bank loans and overdrafts
Trade creditors			5,743
Payments	received on	account for contracts
or performance-related		grants
Accruals	and deferred	income	1,136	1,120
Taxation	and social security
Other creditors					65,000		65,000
		Total,	6,878	1,120	65;000		. 65,000

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1.Covid-1 9Pandemic: the national lockdowns and
ongoing response since the end ofthe reporting period on
31.01.21 has resulted in the partial closure ofCombe
Community Hub to its regular and community hirers.
Additional work has been undertaken to enable the
community building to be re-opened in accordance with
Covid-19 government guidelines, to support social
distancing and to protect against the virus transmission.
2.Combe Community Hub embarked upon Phase 2 ofits
improvement plan forthe building in 2020/21 to extend
and upgrade the facilities to enable wider community use
throughout the week. A small proportion of remaining
work from Phase 2 and some further improvements are
being carried out in FY2021/22.
1.A further discretionary business grant totalling f13,042
was awarded to Combe Community Hub by West
Oxfordshire District Council (WODC) during February to
June 2021 to help cover continuing losses and the restart
resulting from the ongoing Covid-19 pandemic.
2.The completion ofthe Phase 2 building work and
further improvements to windows, flooring and guttering	in
FY2021/22 project is expected to cost up tof12,000
including V.A.T. Further grants have been applied for and
awarded to Combe Community Hub in 2021/22 to help
fund this work.