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|||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|
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|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||
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||||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|
##
||||||N
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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.||