Charity Number: 1169169 ## Grafton Centre ## Development Trust CIO Trustees’ report and financial statements For the year ended 31 March 2022 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 ## Grafton Centre Development Trust CIO Reference and administration information ## **Charity number** 1169169 ## **Registered office and operational address** The Grafton Centre, Grafton Street, Hyde, Stockport, SK14 2AX ## **Trustees** Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: Cllr Philip Fitzpatrick Chair Jacqueline Owen Secretary Julie Brinicombe Denise Ward No trustees held title to property belonging to the charity during the reporting period or at the date of approval. ## **Key management personnel** Key management personnel comprise the trustees and the Community Centre Manager. ## **Bankers** Lloyds TSB Bank PLC 1 Butler Place Westminster London SW1H 0PR ## **Independent Examiner** Patrick Morrello ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS 1 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 ## Grafton Centre Development Trust CIO Trustees’ Annual Report for the year ended 31st March 2022 The trustees present their report and the unaudited financial statements for the year ended 31 March 2022 Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. ## Objectives and activities ## _Purposes and aims_ Provide facilities for health and social welfare for recreation and leisure time occupation of residents, the centre aims to work towards defeating isolation and loneliness. To further or benefit the residents of Tameside and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents. ## _Main activities_ The centre continues to be rented out most evenings and weekends, though one of our regular users has moved into their own space, we are actively looking to replace this regular income, which helps to ensure our financial stability. New activities have been added to our offer, such as indoor curling and a chess club. Our Entertainment Committee has again organised a number of outings and events; including social events at Easter & Halloween. We also held a MacMillan Coffee Morning to raise funds for this worthwhile charity. The Community Café continues to provide hot meals & snacks Mon – Fri cooked & served by our volunteers. All our kitchen staff have up to date training, meaning they are compliant with food regulations and the café was Rated 5. This resource is invaluable for those living alone as it ensures they have access to nutritious food at a reasonable price. ## Key Achievements and Performance Our biggest achievement is to have survived the pandemic, both personally and as a Charity. The year 202122 began with us still facing COVID issues, consequently, the membership numbers have reduced, we are working hard to encourage people to re-join and to attract new members. We were fortunate, to be allocated the funding, to provide 200 Winter Warmer Bags for our members, on a first come first served basis. They contained a fleece blanket, a thermal mug, tissues, cough sweets and other treats. The bags were very well received, by our members. Our Christmas lunches were once again a great success. 2 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 ## Grafton Centre Development Trust CIO Trustees’ Annual Report for the year ended 31st March 2022 Our volunteers make all of this possible; to recognise their contribution and show our appreciation we have been granted funding to celebrate all their hard work. ## Beneficiaries of our Services All adults in the Tameside area are welcome to attend groups and classes for exercise and social interaction, and we have a café servicing low-cost snacks and meals. Our membership has remained at a good level, even with the impact of the pandemic and the reticence of some to venture out still. Our AGM was held 7[th] Feb 2022. ## Financial review At the end of the reporting period Grafton Community Centre had total funds of £100,638 (2021: £70,305) consisting of unrestricted funds of £100,638 (2021: £65,305) and restricted funds of £Nil (2021: £5,000). Cash reserves at bank were £77,219 (2021: £50,515). There are no immediate concerns about the charity’s finance. During the year the charity received unrestricted income of £111,345 (2021: £74,910) and restricted income of £0 (2021: £0). Expenditure for the year from unrestricted funds was £76,012 (2021: £78,356) and from restricted funds £5,000 (2021: £Nil). ## Reserves policy The charity is in the process of developing its reserves policy and currently aims to maintain reserves at the level of 3 months core costs which stands at £27,000 which is well covered by unrestricted funds of £100,638 held by the charity. ## Plans for the Future Following the pandemic we reassessed our plans for an extension and decided to put this on hold until the membership has returned to previous levels. The economic climate was also a factor in this decision. ## Structure, governance and management Trustees, elected at the Annual General Meeting (AGM), will be elected at the AGM on a third basis going forward. Trustees are members of the centre who present themselves as interested to be trustees with a skill set of interest or are approached as outside persons with a skillset which may be helpful to the charity. The organisation is a Charitable Incorporated Organisation, incorporated and registered as a charity on 14 September 2016. The charity was established under a constitution which established the objects and powers of the charity and its governance. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. All trustees give their time voluntarily and receive no benefits from the charity. The trustees do not claim expenses. ## Related parties and relationships with other organisations We work closely together with Tameside MBC. Remuneration policy for key management personnel The trustees have adopted a model renumeration policy provided by their payroll provider, Action Together. 3 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 Grafton Centre Development Trust CIO Trustees’ Annual Report for the year ended 31st March 2022 ## Risk management The trustees regularly review and assess the risks face by the Charity which fall into the main categories listed below: - Governance - Operations - Finances - Environmental and external factors such as public opinion and relationships with key partners - Compliance with law and regulation The Charity has recruited and retained a board of trustees with an appropriate range of skills and experience with access to specialist support when required, for example using Action Together to manage payroll services, using external legal and accountancy support. In addition, it has recruited experienced and qualified management and support staff. The operations of the charity are well managed and meet and enhance the requirements of service and centre users, supported by a number of committed and hard-working volunteers. The trustees have invested in the fabric of the building to enhance user experience and also in equipment to improve the efficiency of its operations. The trustees have secured a lease on the centre building with Tameside MBC that will enable them to bid for a wider range of external funding, in addition to maintaining a steady income stream from lettings, sale of lunches and refreshments, membership fees and activities. The trustees and volunteers work hard to raise awareness of the opportunities and services offered by the Charity, which is evidenced by the sustained membership. The Charity holds the Queens Award for Voluntary Service. This is the highest award that can be given to volunteer groups in the United Kingdom. The key criteria for successful nomination is that the group provides a service that meets the needs for people living in the local community and it is supported, recognised and respected by the local community and the people who benefit from it. The trustees regularly review legal requirements and regulations relating to the Charity and its operations. ## Statement of responsibilities of the trustees The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the aims and objects and in planning future activities and setting policy for the future. The trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law 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 period. In preparing these financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently - Observe the methods and principles in the Charities SORP - Make judgements and estimates that are reasonable and prudent - State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements 4 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 ## Grafton Centre Development Trust CIO ## Trustees’ Annual Report for the year ended 31st March 2022 - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper 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. 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. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report was approved by the trustees on date ……………………….…………. and signed on their behalf by 08 / 03 / 2023 Cllr Phillip Fitzpatrick Chair 5 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 ## Independent examiner’s report to the trustees of Grafton Centre Development Trust CIO I report on the accounts of the charity for the year ended 31 March 2022 set out on pages 7 to 17. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Other matters** Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that, in any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 10 / 03 / 2023 Patrick Morrello ACA Date Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS 6 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 ## Grafton Centre Development Trust CIO Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2022 |Note
**Income from:**
Donations and legacies
3
Charitable activities
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
6
Transfer between funds
**Net movement in funds for the year**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
**Net income/(expenditure) for the year**|Unrestricted
funds
£
36,959
74,386
**111,345**
76,012
**76,012**
**35,333**
-
**35,333**
65,305
**100,638**|Restricted
funds
£
-
-
**-**
5,000
**5,000**
**(5,000)**
-
**(5,000)**
5,000
**-**|Total funds
**2022**
£
36,959
74,386
**111,345**
81,012
**81,012**
**30,333**
-
**30,333**
70,305
**100,638**|_Unrestricted_
_funds_
_£_
_43,744_
_31,166_
**_74,910_**
_78,356_
**78,356**
**(3,446)**
_-_
**(3,446)**
_68,751_
**65,305**|_Restricted_
_funds_
_£_
_-_
_-_
**_-_**
_-_
**-**
**-**
-
**-**
5,000
**5,000**|_Total funds_
**2021**
_£_
_43,744_
_31,166_
**_74,910_**
_78,356_
**_78,356_**
**_(3,446)_**
_-_
**_(3,446)_**
_73,751_
**_70,305_**| |---|---|---|---|---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 7 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 ## Grafton Centre Development Trust CIO Charity number 1169169 ## Balance sheet as at 31 March 2022 |Note
**Fixed assets**
Tangible assets
11
**Total fixed assets**
**Current assets**
Debtors
12
Cash at bank and in hand
**Total current assets**
**Liabilities**
Creditors: amounts falling
due in less than one year
13
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling
due after more than one year
14
**Net assets**
**The funds of the charity:**
Restricted income funds
15
Unrestricted income funds
16
**Total charity funds**|£
£
45,864
**45,864**
2,413
77,219
**79,632**
(5,958)
**73,674**
119,538
(18,900)
**100,638**
-
100,638
**100,638**
**_2022_**|_£_
_£_
_52,553_
**_52,553_**
_-_
_50,515_
**_50,515_**
_(8,903)_
**_41,612_**
_94,165_
_(23,860)_
**_70,305_**
_5,000_
_65,305_
**_70,305_**
**_2021_**| |---|---|---| For the year in question, the charity was entitled to exemption from an audit under section 144 of the Charities Act 2011. The notes on pages 9 to 17 form part of these accounts. Approved by the trustees on and signed on their behalf by:08 / 03 / 2023 Cllr Philip Fitzpatrick, Chair/Trustee 8 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2022 ## **1 Accounting policies** The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **a Basis of preparation** The financial statements have been prepared in accordance with 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) issued in October 2019 - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Grafton Centre Development Trust CIO meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling. ## **b Preparation of the accounts on a going concern basis** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **c Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met. ## **d Fund accounting** Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity. 9 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2022 (continued) ## **e Expenditure and irrecoverable VAT** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: - Expenditure on charitable activities includes the costs of operating a community centre with diverse, wide-ranging activities undertaken to further the purposes of the charity ,and their associated support costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ## **f Operating leases** Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease. ## **g Tangible fixed assets** Individual fixed assets costing £100 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows: Leasehold improvements 10% Equipment 25% ## **h Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **i Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **j Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **k Pensions** Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 8. Outstanding contributions at the year end were £38 which were paid the following month. ## **2 Legal status of the charity** The charity is registered with the Charity Commission in the United Kingdom and has no share capital. The registered office address is disclosed on the first page of the trustees' report. 10 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 ## **Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2022 (continued)** ## **3 Income from donations and legacies** |Donations
Tameside Council
Coronavirus grant
Coronavirus Job Retention Scheme
The National Lottery Community Fund
**Total**
**4**
**Income from charitable activities**
Rental Income
Bistro & Kitchen
Weekly Activities
Events & Trips
Membership Fees
**Total**|Unrestricted
£
2,042
28,174
6,743
-
36,959
Unrestricted
£
39,556
9,580
19,401
2,574
3,275
74,386|Restricted
£
-
-
-
-
-
-
Restricted
£
-
-
-
-
-
-|Total 2022
£
2,042
28,174
6,743
-
-
36,959
Total 2022
£
39,556
9,580
19,401
2,574
3,275
74,386|_Unrestricted_
_£_
_1,302_
_10,000_
_166_
_22,276_
_10,000_
_43,744_
_Unrestricted_
_£_
_24,377_
_2,338_
_3,585_
_-_
_866_
31,166|_Restricted_
_£_
_-_
_-_
_-_
_-_
_-_
_Restricted_
_£_
_-_
_-_
_-_
_-_
_-_
-|_Total 2021_
_£_
_1,302_
_10,000_
_166_
_22,276_
_10,000_
_43,744_
_Total 2021_
_£_
_24,377_
_2,338_
_3,585_
_-_
_866_
31,166| |---|---|---|---|---|---|---| 11 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2022 (continued) ## **5 Analysis of expenditure on charitable activities** |Staff costs
Building and utility expenses
Activity costs
Blankets
Accountancy and legal costs
Grant writing
Subscriptions
Other expenses
Loan interest
Depreciation
Restricted expenditure
Unrestricted expenditure
**6**
**Net income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation
Operating lease rentals:
Property
Accountancy fees
**7**
**Staff costs**
Staff costs during the year were as follows:
Wages and salaries
Pension costs
Independent examiner's fee|**Total 2022**
£
38,869
14,623
13,512
1,000
3,846
-
2,098
(589)
964
6,689
81,012
5,000
76,012
81,012
2,022
£
6,689
1,000
720
240
2,022
£
38,022
847
38,869|**_Total 2021_**
_£_
_36,639_
_14,560_
_8,901_
_-_
_6,310_
_1,400_
_390_
_2,320_
_-_
_7,836_
_78,356_
_-_
_78,356_
_78,356_
_2,021_
_£_
_7,836_
_1,000_
_600_
_240_
_2,021_
_£_
_35,807_
_832_
_36,639_| |---|---|---| 12 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2022 (continued) No employees has employee benefits in excess of £60,000 (2021: Nil). The average number of staff employed during the period was 2 (2021: 2). The average full time equivalent number of staff employed during the period was 1.5 (2021: 1.5). The key management personnel of the charity comprise the trustees and the Centre Manager. The total employee benefits of the key management personnel of the charity were £24,289 (2021: £23,535). ## **8 Trustee remuneration and expenses, and related party transactions** Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2021: Nil). Aggregate donations from related parties were £Nil (2021: £Nil). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2021: nil). ## **9 Government grants** The government grants recognised in the accounts were as follows: |The National Lottery Community Fund
Tameside District Council
Coronavurus Support|**2022**
£
-
28,174
6,743
28,174|**_2021_**
_£_
_10,000_
_10,000_
_-_
_20,000_| |---|---|---| There were no unfulfilled conditions and contingencies attaching to the grants. ## **10 Corporation tax** The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. 13 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 Grafton Centre Development Trust CIO ## Notes to the accounts for the year ended 31 March 2022 (continued) ## **11 Fixed assets: tangible assets** |**Cost**
**Depreciation**
Charge for the year
**Net book value**
**12**
**Debtors**
Other debtors
At 31 March 2022
_At 31 March 2021_
At 1 April 2021
At 31 March 2022
At 1 April 2021
At 31 March 2022|Leasehold
improvements
£
66,143
66,143
13,740
6,614
20,354
45,789
_52,403_|Equipment
£
4,888
4,888
4,738
75
4,813
75
_150_
**2022**
**£**
2,413
2,413|£
71,031
71,031
18,478
6,689
25,167
45,864
_52,553_
**_2021_**
**_£_**
_-_
_-_
Total| |---|---|---|---| 14 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2022 (continued) ## **13 Creditors: amounts falling due within one year** **----- Start of picture text -----**
2022 2021
£ £
Other creditors and accruals 960 2,896
Taxation and social security costs 38 2,366
Unsecured bank loan 4,960 3,641
5,958 8,903
Creditors: amounts falling after more than one year
2,022 2,021
£ £
Unsecured bank loan 18,900 23,860
18,900 23,860
Repayable after more than 5 years by instalments - 3,255
**----- End of picture text -----**
## **14 Creditors: amounts falling after more than one year** The bank loan is a government sponsered Bounce Back loan. The interest rate is 2.25% ## **15 Analysis of movements in restricted funds** |Action Together CIO
The Albert Hunt Trust
Total
**_Comparative period_**
Action Together CIO
The Albert Hunt Trust
_Total_|Balance at 1
£
4,000
1,000
5,000
_Balance at 1_
_£_
_4,000_
_1,000_
_5,000_|Income
£
-
-
-
_Income_
_£_
_-_
_-_
_-_|Expenditure
£
(4,000)
(1,000)
(5,000)
_Expenditure_
_£_
_-_
_-_
_-_|Transfers
£
-
-
-
_Transfers_
_£_
_-_
_-_
_-_|Balance at 31
£
-
-
-
_Balance at_
_£_
_4,000_
_1,000_
_5,000_| |---|---|---|---|---|---| ## **Name of** ## **Description, nature and purposes of the fund** Action Together CI The Albert Hunt Trust towards costs of operating dementia group and dementia carers' groups towards costs of operating dementia group and dementia carers' groups 15 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2022 (continued) ## _**Comparative period**_ |Action Together CIO
The Albert Hunt Trust
_Total_|_Balance at 1_
_£_
_4,000_
_1,000_
_5,000_|_Income_
_£_
_-_
_-_
_-_|_Expenditure_
_£_
_-_
_-_
_-_|_Transfers_
_£_
_-_
_-_
_-_|_Balance at_
_£_
_4,000_
_1,000_
_5,000_| |---|---|---|---|---|---| ## **Name of** ## **restricted fund Description, nature and purposes of the fund** Action Together CI towards costs of operating dementia group and dementia carers' groups The Albert Hunt Trust towards costs of operating dementia group and dementia carers' groups ## **16 Analysis of movement in unrestricted funds** |**_Comparative period_**
General fund
_General fund_|Balance at 1
£
65,305
_Balance at_
_£_
_68,751_|Income
£
111,345
_Income_
_£_
_74,910_|Expenditure
£
(76,012)
_Expenditure_
_£_
_(78,356)_|Transfers
£
-
_Transfers_
_£_
_-_|As at 31
£
100,638
_As at 31_
_£_
_65,305_| |---|---|---|---|---|---| ## **Name of unrestricted fund Description, nature and purposes of the fund** General fund The free reserves after allowing for all designated funds. ## **17 Analysis of net assets between funds** |Tangible fixed assets
Net current assets/(liabilities)
Creditors of more than one year
Total|General
fund
£
45,864
73,674
(18,900)
100,638|Designated
funds
£
-
-
-
-|Restricted
funds
£
-
-
-
-|Total 2022
£
45,864
73,674
(18,900)
100,638| |---|---|---|---|---| 16 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6 ## Grafton Centre Development Trust CIO ## Notes to the accounts for the year ended 31 March 2022 (continued) ## _**Comparative period**_ |_Tangible fixed assets_
_Net current assets/(liabilities)_
_Creditors of more than one year_
_Total_|_General_
_fund_
_£_
_52,553_
_41,612_
_(23,860)_
_70,305_|_Designated_
_funds_
_£_
_-_
_-_
_-_
_-_|_Restricted_
_funds_
_£_
_-_
_-_
_-_
_-_|_Total 2021_
_£_
_52,553_
_41,612_
_(23,860)_
_70,305_| |---|---|---|---|---| ## **18** ## **Operating lease commitments** The charity's total future minimum lease payments under non-cancellable operating leases is as |Less than one year
One to five years
Over five years|**2022**
**2021**
£
_£_
1,000
_1,000_
5,000
_5,000_
-
_1,000_
6,000
_7,000_
**Property**| |---|---| The charity has a lease arrangement for property for 20 years starting from October 2018 with a break date on the 10th anniversary of the lease start date. 17 Doc ID: a3a17d659346c76e1b7746149546cba655d2efc6