2021-03-31-accounts - North Cambridge Community Partnership

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Registered Charity No 1171138

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

REPORT AND ACCOUNTS

31 March 2021

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

FINANCIAL STATEMENTS

For the year ended 31 March 2021

INDEX	Page
Legal and administrative details	1
Report of the Trustees	2-3
Independent examiner's report	4
Statement of financial activities	5
Balance sheet	6
Principal accounting policies	7
Notes to the financial statements	8-10

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP FINANCIAL STATEMENTS For the year ended 31 March 2021

LEGAL AND ADMINISTRATIVE DETAILS

Charity Registration number:	1171138
Principal office:	37 Lawrence Way
	Cambridge
	CB4 2PR
Trustees:	Mr Ricardo Arbelaez
	Dr Eric Mbunya
	Mrs Jane Kiddle
	Mrs Tanya Bryan
	Mrs Janis Ford
	Mr Davide Fiorentino
Bankers:	Barclays Bank Plc
	Leicester
	LE87 2BB
Independent Examiner:	Fortus
	2A Chequers Court
	Huntingdon
	PE29 3LJ

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP REPORT OF THE TRUSTEES

The trustees present their report together with the financial statements for the period ended 31 March 2021.

Objectives and activities

The North Cambridge Community Partnership ("the Partnership") is established for charitable purposes and is governed by a Trust Deed dated 16 January 2017. In accordance with its Trust Deed, the Trust's principal objective is to hold funds and income thereon for the benefit of charitable institutions or purposes, at the Trustees' discretion. During the year no capital assets were appointed to the Trust.

The Trustees' role is to hold the Trust funds upon trust and to apply the capital and income thereon for the benefit of charitable institutions and purposes.

During the period the Partnership organised and hosted various events for the benefit of the local community The Trustees believe these activities meet the stated aims of the Trust and Charity Commission's general guidance on public benefit.

Public Benefit

In accordance with its Trust Deed and the Donors letter of wishes, the Trust provides public benefit by organising and hosting various events for the benefit and support of the local community.

Trustees

The Trustees of the Board are set out on page 1. Further Trustees can only be appointed by the current Trustees for the time being.

Financial review

The income and expenditure for the year is set out in the Statement of Financial Activities (the SOFA) on page 5 and the accompanying notes to the accounts. The total income for the year amounted to £100,579 (2020: £93,783)

The total expenditure this year amounted to £53,020 (2020: £58,791). There was a net unrestricted surplus of £4,596 and a net restricted surplus of £42,964 (2020: overall surplus of £34,992).

Assets

The assets are held in pursuance of the Charity's objectives. The net assets of the Charity amounted to £89,837 (2020: £42,278).

Reserves policy

The Trustees have examined the requirement for free unrestricted reserves and consider that they should aim to ensure sufficient working capital to cover 6 months' staff employment costs and establishment costs. The amount needed to meet this was £17,700 at 31 March 2021 (2020 - £17,600). The balance held as unrestricted funds at 31 March 2021 was £41,658 of which £41,079 are regarded as free reserves, after allowing for funds tied up in tangible fixed assets. The current level of free reserves is therefore higher than is needed.

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP REPORT OF THE TRUSTEES

Funding

The Trustees are satisfied that the Charity's assets are available and adequate to fulfil its obligations.

Trustees' responsibilities for the financial statements

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year.

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity, and to enable the Charity to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE TRUSTEES

Mr Ricardo Arbelaez Treasurer

Date

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

We report on the financial statements for the period ended 31 March 2021, which are set out on pages 5 to 8 of the Financial Report.

This report is made solely to the Trustees in accordance with Section 43 (3) (a) of the Charities Act 2011. Our work has been undertaken so that we might state to the Trustees those matters which we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trustees for our work, for this report, or for the opinions we have formed.

Respective responsibilities of the Trustees and examiner

As described on page 3 the Charity's Trustees are responsible for the preparation of the accounts; you consider that the audit requirements of Section 144 (2) of the Charities Act 2011 (the Act) do not apply and that an independent examination is needed.

It is our responsibility to:

examine the accounts under S145 of the 2011 Act.
follow the procedures laid down in the general Directions given by the Charity Commissioner under S145 (5) b of the 2011 act.
state whether particular matters have come to our attention under S156 of the 2011 act.

Basis of independent examiner's report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with Section 130 of the Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Fortus

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2021

Notes Incoming resources: Grants 2 Charitable activities 3 Total Resources expended: Charitable activities 4 Establishment costs 5 Staff costs 6 Support costs 7 Governance 8 Grants repaid 9 Total Net resources for the year and surplus (deficit) of income to expenditure Fund balances brought forward at 1 April 2020 Fund balances carried forward at 31 March 2021	Unrestricted funds - 5,537 5,537 - 587 355 - 941 4,596 37,062 41,658	Restricted funds 95,042 - 95,042 9,315 13,528 21,239 6,677 1,320 52,078 42,964 5,216 48,180	2021 £ 95,042 5,537 100,579 9,315 14,115 21,239 7,031 1,320 53,020 47,559 42,278 89,837	2020 £ 49,682 44,101
				93,783
				7,439 16,237 19,071 8,473 5,191 2,380
				58,791
				34,992
				7,286
				42,278

The accompanying accounting policies and notes form an integral part of these financial statements

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

BALANCE SHEET AT 31 MARCH 2021

Notes 2021 £ Fixed assets Equipment 10 579 579 Current assets Cash at bank 96,866 Debtors 11 654 97,520 Creditors: amounts falling due within one year 12 (8,261) Net current assets 89,258 Total assets less current liabilities 89,837 Funds Restricted funding 14 48,180 Unrestricted funding - general fund 14 41,658 Total funds 89,837	2020 £ 868 868 41,557 3,275 44,832 (3,422) 41,410 42,278 5,216 37,062 42,278	2020 £ 868

		42,278
		5,216 37,062
		42,278

The financial statements were approved by the Board of Trustees on ________

Mr Ricardo Arbelaez Treasurer

The accompanying accounting policies and notes form an integral part of these financial statements

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

1 ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared in accordance with the Charities Act 2011 and following the recommendations in the Statement of Recommended Practice: Accounting by Charities (the SORP) issued in 2015. They have been prepared under the historical cost convention except that investments are valued at market value (see below).

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment 20% on cost

INCOME RESOURCES

Investment income

Grants and donations are recognised when received.

RESOURCES EXPENDED

Expenditure, which is charged on an accruals basis, is allocated between:

expenditure incurred directly to generate income (generating funds);
expenditure incurred directly on the fulfilment of the charity's objectives (direct charitable);
expenditure incurred in the management and administration of the charity.

FUND ACCOUNTING

Unrestricted funds are available to be used for any of the charitable objects at the discretion of the trustees. Designated funds are set aside by the trustees out of unrestricted funds for specific purposes or projects.

GOING CONCERN

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

2 INCOME FROM GRANTS

Unrestricted funds - - - - - - - - - -	Restricted funds - 9,500 67,415 7,000 - 3,878 - 3,739 1,500 2,010	2021 £ - 9,500 67,415 7,000 - 3,878 - 3,739 1,500 2,010	2020 £ - 9,850 25,260 7,782 300 4,490 2,000 - - -
-	95,042	95,042	49,682
Unrestricted funds 4,019 - 370 - 1,148 5,537 Unrestricted funds - - - - - - - Unrestricted funds - 9 293 94 190 587 Unrestricted funds - - - -	Restricted funds - - - - - - Restricted funds 6,046 - 1,203 66 500 1,500 9,315 Restricted funds 5,808 97 3,833 1,135 2,656 13,528 Restricted funds 20,802 - 437 21,239	2021 £ 4,019 - 370 - 1,148 5,537 2021 £ 6,046 - 1,203 66 500 1,500 9,315 2021 £ 5,808 106 4,126 1,229 2,846 14,115 2021 £ 20,802 - 437 21,239	2020 £ 15,129 1,609 1,000 - 26,363
			44,101
			2020 £ 3,624 1,017 2,295 503 - -
			7,439
			2020 £ 5,646 2,067 2,351 2,324 3,849
			16,237
			2020 £ 18,773 - 298
			19,071

3 INCOME FROM CHARITABLE ACTIVITIES

4 EXPENDITURE ON CHARITABLE ACTIVITIES

5 ESTABLISHMENT COSTS

6 STAFF EMPLOYMENT COSTS

There was 1 part time employee in 2021 (2020: 1)

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

7 SUPPORT COSTS

Newsletter costs Publicity Postage & stationery Insurance Telephone & internet Computer costs Memberships Training & conferences Website Sundry expenses Depreciation charge 8 GOVERNANCE COSTS Governance Policy development Accountancy Legal costs 9 GRANTS REPAID Cambridge City Council	Unrestricted funds - - 6 30 14 15 289 355 Unrestricted funds - - - - - Unrestricted funds - -	Restricted funds 4,883 - 170 877 406 63 44 234 - 6,677 Restricted funds - - 720 600 1,320 Restricted funds - -	2021 £ 4,883 - 175 907 - 420 63 44 - 250 289 7,031 2021 £ - - 720 600 1,320 2021 £ - -	2020 £ 5,152 - 125 881 46 446 64 623 - 847 289
				8,473
				2020 £ 279 712 960 3,240
				5,191
				2020 £ 2,380
				2,380

The above grant repayment relates to £4,000 that was paid in 2019 and was ring-fenced to cover 50% of the legal costs incurred in the year ended 31 March 2020. The total legal costs incurred in 2020 were £3,240, 50% (£1,620) was therefore covered by the grant leaving £2,380 to be repaid.

10 TANGIBLE FIXED ASSETS

Cost At 1 April 2020 Additions Disposals At 31 March 2021 Depreciation At 1 April 2020 Charge for the year Charge on disposals At 31 March 2021 Net book value At 31 March 2021 At 1 April 2020 11 Debtors Due within 1 year: Trade debtors Prepayments & accrued income	Computer Equipment £ 1,447 - - 1,447 579 289 - 868 579 868 2021 £ 447 206 654	2020 £ 3,088 187
		3,275

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

12 Creditors Due within 1 year: Trade creditors Accruals Deferred income (note 13) Taxation and social security Other creditors 13 Deferred income At 1 April 2020 Additions during the year Amounts released to income At 31 March 2021 14 MOVEMENT IN FUNDS *Restricted funds:* Cambridge City Council (Legal Fees) Cambridge City Council (Policy Development) Cambridge City Council (Lawrence Way - Rent Contribution) Cambridge City Council (Lawrence Way - Management) Cambridge City Council (NCCP - Organisation Governance) Cambridge City Council (NCCP - Community Activities) Cambridge City Council (Nuns Way - SLA) Cambridge City Council (Nuns Way - S106 Grant) Cambridge City Council (Digital Grant) Cambridgeshire County Council (Literacy Project) City Fibre (Coding Club) Total restricted *Unrestricted funds:* General fund Total unrestricted Total funds	At 1 April 2020 - 1,088 136 - - - - - 170 2,195 1,627 5,216 37,062 37,062 42,278	Incoming resources 6,000 3,850 2,750 22,510 7,000 782 300 4,490 2,000 49,682 44,101 44,101 93,783	2021 £ 440 360 7,045 326 90 8,261 - 7,045 7,045 Resources expended 4,000 712 5,864 3,850 2,750 22,510 7,000 782 130 2,295 373 50,266 8,525 8,525 58,791	2020 £ 2,967 360 - - 95
				3,422
				5,000 - 5,000 -
				-
				At 31 March 2021 £ 4,000 - 376 272 - - - - - 340 4,390 3,254
				4,632
				72,638
				72,638

				77,270

Notes on funds:

Restricted funds arise from contributions or grants which have been earmarked by the donors for the particular purposes shown above.

The general fund is available to be used for any of the charitable objectives.