Registered Charity No 1171138
NORTH CAMBRIDGE COMMUNITY PARTNERSHIP
REPORT AND ACCOUNTS
31 March 2022
NORTH CAMBRIDGE COMMUNITY PARTNERSHIP
FINANCIAL STATEMENTS
For the year ended 31 March 2022
| 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 |
FINANCIAL STATEMENTS For the year ended 31 March 2022
NORTH CAMBRIDGE COMMUNITY PARTNERSHIP
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 | |
| Dr Nancy Marian | |
| Mrs Patricia Hofmeisterova (appointed 26 July 2021) | |
| Bankers: | Barclays Bank Plc |
| Leicester | |
| LE87 2BB | |
| Independent Examiner: | Fortus |
| 4 Office Village | |
| Peterborough | |
| PE7 8GX |
1
NORTH CAMBRIDGE COMMUNITY PARTNERSHIP REPORT OF THE TRUSTEES
The trustees present their report together with the financial statements for the period ended 31 March 2022.
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 £76,557 (2021: £100,579)
The total expenditure this year amounted to £65,410 (2021: £53,020). There was a net unrestricted surplus of £19,273 and a net restricted deficit of £8,126 (2021: overall surplus of £47,559).
Assets
The assets are held in pursuance of the Charity's objectives. The net assets of the Charity amounted to £100,984 (2021: £89,837).
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 2022 (2021 - £17,700). The balance held as unrestricted funds at 31 March 2022 was £84,670 of which £84,380 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.
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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
3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH CAMBRIDGE COMMUNITY PARTNERSHIP
We report on the financial statements for the period ended 31 March 2022, 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
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NORTH CAMBRIDGE COMMUNITY PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 March 2022
| 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 Transfers between funds Fund balances brought forward at 1 April 2021 Fund balances carried forward at 31 March 2022 |
Unrestricted funds 25,374 13,839 39,213 7,602 282 8,730 3,326 - 19,940 19,273 23,739 41,658 84,670 |
Restricted funds 37,344 - 37,344 13,869 15,678 12,318 2,547 1,058 45,470 (8,126) (23,739) 48,179 16,314 |
2022 £ 62,718 13,839 76,557 21,471 15,960 21,048 5,873 1,058 65,410 11,147 - 89,837 100,984 |
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 |
The accompanying accounting policies and notes form an integral part of these financial statements
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NORTH CAMBRIDGE COMMUNITY PARTNERSHIP
BALANCE SHEET AT 31 MARCH 2022
| Notes 2022 £ Fixed assets Equipment 10 290 290 Current assets Cash at bank 99,743 Debtors 11 3,754 103,497 Creditors: amounts falling due within one year 12 (2,803) Net current assets 100,694 Total assets less current liabilities 100,984 Funds Restricted funding 14 16,314 Unrestricted funding - general fund 14 84,670 Total funds 100,984 |
2021 £ 579 579 96,866 653 97,519 (8,261) 89,258 89,837 48,179 41,658 89,837 |
2021 £ 579 |
|---|---|---|
| 89,837 | ||
| 48,179 41,658 |
||
| 89,837 |
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
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NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2022
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.
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NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2022
2 INCOME FROM GRANTS
| Cambridge City Council (legal fees & policy development) Cambridge City Council (for Lawrence Way) Cambridge City Council (organisation governance & community activities) Cambridge City Council (for Nun's Way) Cambridge City Council (digital grant) Cambridgeshire County Council (literacy project) City Fibre (coding club) Cambridge Community Foundation (Coronavirus Grant) Science Centre Living Sports 3 INCOME FROM CHARITABLE ACTIVITIES Room hire Event income Advertising income Miscellaneous donations Other income 4 EXPENDITURE ON CHARITABLE ACTIVITIES Event costs Group costs Literacy project Coding club Winter grant Living Sport grant Science Club 5 ESTABLISHMENT COSTS Rent Rates Utilities Cleaning Maintenance 6 STAFF EMPLOYMENT COSTS Gross salaries Social security costs Pension costs |
Unrestricted funds - - 21,334 - - - - 4,040 - - |
Restricted funds - 6,000 13,800 7,000 - 5,373 2,000 - 3,171 - |
2022 £ - 6,000 35,134 7,000 - 5,373 2,000 4,040 3,171 - |
2021 £ - 9,500 67,415 7,000 - 3,878 - 3,739 1,500 2,010 |
|---|---|---|---|---|
| 25,374 | 37,344 | 62,718 | 95,042 | |
| Unrestricted funds 11,166 1,378 370 925 - 13,839 Unrestricted funds 7,602 - - - - - - 7,602 Unrestricted funds 282 - - - - 282 Unrestricted funds 8,549 - 181 8,730 |
Restricted funds - - - - - - Restricted funds 3,761 - 8,160 83 150 510 1,205 13,869 Restricted funds 6,317 - 3,862 2,158 3,341 15,678 Restricted funds 12,062 - 256 12,318 |
2022 £ 11,166 1,378 370 925 - 13,839 2022 £ 11,363 - 8,160 83 150 510 1,205 21,471 2022 £ 6,599 - 3,862 2,158 3,341 15,960 2022 £ 20,611 - 437 21,048 |
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 |
There was 1 part time employee in 2022 (2021: 1)
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NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2022
7 SUPPORT COSTS
| **7 ** | SUPPORT COSTS | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | 2022 | 2021 | ||
| £ | £ | ||||
| Newsletter costs | 2,785 | 1,377 | 4,162 | 4,883 | |
| Publicity | - | - | - | - | |
| Postage & stationery | - | - | - | 175 | |
| Insurance | 252 | 386 | 638 | 907 | |
| Telephone & internet | - | - | - | ||
| Computer costs | - | 372 | 372 | 420 | |
| Memberships | - | 34 | 34 | 63 | |
| Training & conferences | - | 150 | 150 | 44 | |
| Website | - | 228 | 228 | - | |
| Sundry expenses | - | - | - | 250 | |
| Depreciation charge | 289 | - | 289 | 289 | |
| 3,326 | 2,547 | 5,873 | 7,031 | ||
| **8 ** | GOVERNANCE COSTS | ||||
| Unrestricted | Restricted | ||||
| funds | funds | 2022 | 2021 | ||
| £ | £ | ||||
| Governance | - | 41 | 41 | - | |
| Policy development | - | 279 | 279 | - | |
| Accountancy | - | 738 | 738 | 720 | |
| Legal costs | - | - | - | 600 | |
| - | 1,058 | 1,058 | 1,320 | ||
| **9 ** | GRANTS REPAID | ||||
| Unrestricted | Restricted | ||||
| funds | funds | 2022 | 2021 | ||
| £ | £ | ||||
| Cambridge City Council | - | - | - | - | |
| - | - | - | - |
10 TANGIBLE FIXED ASSETS
| Cost At 1 April 2021 Additions Disposals At 31 March 2022 Depreciation At 1 April 2021 Charge for the year Charge on disposals At 31 March 2022 Net book value At 31 March 2022 At 1 April 2021 11 Debtors Due within 1 year: Trade debtors Prepayments & accrued income |
Computer Equipment £ 1,447 - - 1,447 868 289 - 1,157 290 579 2022 £ 906 2,848 3,754 |
2021 £ 447 206 |
|---|---|---|
| 653 |
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NORTH CAMBRIDGE COMMUNITY PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2022
| 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 2021 Additions during the year Amounts released to income At 31 March 2022 14 MOVEMENT IN FUNDS Restricted funds: Cambridge City Council (Policy Development) Cambridge City Council (Lawrence Way - Rent Contribution) Cambridge City Council (NCCP - Organisation Governance) Cambridge City Council (NCCP - Community Activities) Cambridge City Council (Nuns Way - SLA) Cambridgeshire Community Foundation (Coronavirus grant) Cambridge City Council (Digital Grant) Cambridgeshire County Council (Literacy Project) City Fibre (Coding Club) Cambridgeshire Science Centre (Science Club) Living Sports (Inequalities grant) Total restricted Unrestricted funds: General fund Total unrestricted Total funds |
At 1 April 2021 1,088 316 34,425 - - 3,739 170 4,870 1,561 1,500 510 48,179 41,658 41,658 89,837 |
Incoming resources 6,000 4,342 9,458 7,000 - - 5,373 2,000 3,171 - 37,344 39,213 39,213 76,557 |
Resources expended 279 6,316 12,849 9,458 6,610 8,160 83 1,205 510 45,470 19,940 19,940 65,410 |
2022 £ 2,381 378 39 - 5 2,803 7,045 39 (7,045) 39 Transfers (20,000) (3,739) 23,739 - 23,739 23,739 - |
2021 £ 440 360 7,045 326 90 |
|---|---|---|---|---|---|
| 8,261 | |||||
| - 7,045 - |
|||||
| 7,045 | |||||
| At 31 March 2022 £ 809 - 5,918 - 390 - 170 2,083 3,478 3,466 - |
|||||
| 16,314 | |||||
| 84,670 | |||||
| 84,670 | |||||
| 100,984 |
Notes on funds:
Restricted funds arise from contributions or grants which have been earmarked by the donors for the particular purposes shown above.
The above transfers relate to COVID grants received in 2021 which are unrestricted but were reported as restricted income in the 2021 accounts. The general fund is available to be used for any of the charitable objectives.
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