DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
## **Ardagh Community Trust**
Trustees’ Report and Financial Statements for the year ended 31 March 2021
Registered Charity Number: 1772556
DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
|**Contents**||
|---|---|
|Trustees’ report||
|Reference and administrative details|1|
|Structure, governance and management|2|
|Objectives and activities|4|
|Statement of Trustees’ responsibilities|7|
|Report of the Independent Examiners|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Financial Statements|11|
|Detailed Statement of Financial Activities|24|
DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
## **Ardagh Community Trust Trustees’ Report for the year ended 31 March 2021**
The trustees are pleased to present their annual report, together with the financial statements of the charity, for the year ended 31 March 2021.
The financial statements comply with the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2019) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102).
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Registered Charity number: 1172556 Charity address The Ardagh Ardagh Pavilion Kellaway Avenue Bristol BS6 7YL Trustees Steve Strong - Chair Fiona Wright Emma Hinkins - appointed 28 January 2021 Victoria Kaye Chris Haynes Dr Antonia Layard - appointed 28 January 2021 Peter Walker - appointed 9 December 2020
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**Ardagh Community Trust Trustees’ Report for the year ended 31 March 2021 (continued)**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## _**Governing document**_
Ardagh Community Trust is a charity governed by its CIO Membership governing document. The charity was registered on 12 April 2017. Ardagh Community Trust is registered as a charity with the Charity Commission.
## _**Trustee appointment, induction and training**_
The Chair of the Trustee Board (‘the Board’) is Steve Strong, who has been Chair since 10 July 2017.
Trustee nominations are the responsibility of the Board and are made as opportunities arise, to meet perceived needs.
Since the last accounts were approved the Board has appointed 3 new trustees and no trustees have resigned.
A training and development programme for all trustees is being introduced by the BoardOther development opportunities for individual trustees, shaped to suit individual needs, are also made available. New appointees undergo an induction process to ensure they understand the work of Ardagh Community Trust and the requirements for charity trustees generally.
## _**Organisation**_
The trustees met eight times during the year as a full Board to direct strategy and policy, oversee performance and approve the annual operating budget. The Board has adopted a focused strategic approach that is subject to annual review.
The Board agreed at a meeting on 17 April 2020 to approve an emergency operational plan as the COVID-19 situation developed. All trustees agreed to meet remotely, as needed with the Chair, Steve Strong to be assured that risks associated with COVID-19 were being adequately dealt with. Scheduled Board meetings continued – online - throughout the period covered by these accounts.
The Board is planning to develop it’s work through a range of sub-committees that have some delegated responsibilities and provide assurance to meetings of the full Board.
These will include an HR sub-committee, Finance Sub-committee and Capital Project Sub Committee and are set to be established for 2022. The Board is currently agreeing terms of reference
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## **Ardagh Community Trust**
## **Trustees’ Report for the year ended 31 March 2021 (continued)**
## _**Organisation - continued**_
The trustees delegate responsibility for the operational management of day-to-day activity to the Chief Executive Officer who directs the Charity Team for this purpose. The Charity Team consists of the Chief Executive Officer, Finance Administrator, Café Manager, Café Assistants, Project Manager, Facilities Assistant, Cleaners, Administrator, Events Coordinator, Play Coordinator, Volunteers and Gardener.
The CEO, Finance Administrator and Project Manager attend all Board meetings and other meetings as required. The CEO also holds meetings of all staff four times a year, and meetings of the Senior Management Team between Board meetings. Other meetings of groups of staff are held as required.
The Board continues to assess its effectiveness and ensure it has the necessary skill sets to meet Ardagh Community Trust changing priorities.
## _**Pay policy for key management personnel**_
The trustees considers that the key management personnel of the charity comprise the Board, the CEO and Project Manager to whom the trustees have delegated responsibility for the day-to-day running of activities. No trustee receives remuneration or other benefit from their work with the charity. Details of trustees’ expenses and related party transactions are disclosed in notes 13 and 14 respectively.
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## **Ardagh Community Trust**
## **Trustees’ Report for the year ended 31 March 2021 (continued)**
## **OBJECTIVES AND ACTIVITIES**
## _**Objectives**_
To provide facilities in the interests of social welfare for recreation and leisure time occupation at the Ardagh site, with the objective of improving the conditions of life for the people who live and work in the Horfield Common area.
## _**Public benefit**_
During the period ended 31 March 2021, Ardagh Community Trust continued to deliver public benefit through its engagement with other stakeholders to contribute to the provision of services including a community café, community hub facility, sports courts, public gardens and play and leisure spaces. Facilitation of opportunities for volunteering and participation in community activities.
The Trustees have complied with section 17(5) of the 2011 Charities Act, having due regard for the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives.
## _**Going concern**_
The Trustees have given due consideration to the charity’s ability to meet its obligations for the foreseeable future. Given the robust reserves policy in place the Trustees consider it is appropriate to adopt the going concern principle in preparing these financial statements.
## _**Achievements**_
Throughout this accounting period, the charity has been working to deliver it’s core charitable purpose and to support local residents and our wider local community in response to the global pandemic.
During this accounting period, the charity has completed an ambitious capital project to create a yearround, fully accessible community hub facility at the Ardagh. This project was funded by external grants from the below:
Architectural Heritage Fund
The John James Foundation
Power to Change
The Veolia Environmental Fund
Enovert Community Trust
Coop Community Fund Tesco Bags of Help in addition to earned
income from ACT’s social enterprise activities.
This facility incorporates space for the community café run by our wholly owned social enterprise, Horfield Common CIC (Company Number: 1172556) to operate year-round rather than seasonally as has previously been the case. Successful completion of this project has enabled the charity to effect a step-change in financial sustainability which will support ongoing development and growth.
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## **Ardagh Community Trust Trustees’ Report for the year ended 31 March 2021 (continued)**
## _**Achievements - continued**_
The charity has continued to develop a range of partnerships to support improved outcomes and shared aims. These include partnerships with AGE UK Bristol to provide space for volunteer-led health and wellbeing activities at the Ardagh, The Outdoors Project to provide space for Ofsted registered childcare which responds to existing and emerging need in the local area from families and working parents. Additionally, we have developed a partnership with Family Food Action – providing space for volunteers to sort food donations weekly. In addition, the charity has supported a project to grow edible plants for donation to local foodbanks, providing space and facilities for volunteers to grow donated plug plants on to maturity.
The charity has developed a partnership with Playful Bristol, which aims to increase representation of children and young people’s interests and views in plans for regeneration of the wider Ardagh site – including the sports courts and public spaces. A considerable focus of the charity’s activities through this accounting period has been ongoing engagement with the local authority and site owner, Bristol City Council to explore how the whole site will be sustainably managed into the future. Clarity and definitive decision-making about these arrangements will enable longer-term planning and increased fundraising and social enterprise.
Throughout this accounting period Ardagh Community Trust has been supported by a wide range of funders – many of whom have granted funds to ACT to support activities continuing throughout the pandemic. We are grateful to all of our funders for their continuing support for our work
## _**Financial Review**_
In 2021 a surplus was generated of £68,509 (2020 : £200,980). Total income decreased to £133,335 (2020: £305,151) and total expenditure also decreased to £64,826 (2020: £104,171). This 56% decrease in income is due to increased funding for the capital project being required in 2020 comparison to 2021 due to the stage of the development. The charity has been impacted, but in a less material way, by COVID-19.
The Balance Sheet remains in a strong position with total reserves of £303,704 (2020: £235,196). As explained in Note 20a to the accounts. The level of reserves held is consistent with Ardagh Community Trust Reserves Policy, with £233,992 relating to unrestricted and £69,713 relating to restricted funds.
## _**Principal risks and uncertainties**_
Ardagh Community Trust has a structured and well documented approach to risk assessment and management. Operational and strategic risks are subject to continuous review and assessment at Board level, to ensure that controls are adequate and appropriate mitigation action is in place.
Ardagh Community Trust’s Balance Sheet is strong and financial resilience is good.
Trustees recognise the importance of highly professional and experienced staff in delivering its strategic objectives. Recruitment and retention policies are constantly reviewed to ensure best practice.
5
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## **Ardagh Community Trust Trustees’ Report for the year ended 31 March 2021 (continued)**
## _**Reserves Policy**_
The Board reviews its reserves policy on an annual basis and recognises that the review is an important part of its governance framework and forward financial planning.
The Trustees regard the 2021 level of reserves to be prudent and justified in relation to ongoing Ardagh Community Trust expenditure and commitments. Moreover, Ardagh Community Trust reserves position sends a clear message to stakeholders that Ardagh Community Trust is well led, well managed and prudently run. Unrestricted reserves provide security against foreseeable developments, a sensible contingency for unforeseen events and enable Ardagh Community Trust to take advantage of viable opportunities to enhance resources and skills in the promotion of charitable objectives.
The Trustees consider it prudent to maintain a minimum level of general unrestricted reserves equivalent to at least 3 months’ in-house running costs. There is focus to develop and increase this to 6 months of in-house running costs in due course. Additional unrestricted reserves are required to cover unforeseen developments and fund potential investment in resources.
6
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## **Ardagh Community Trust Trustees’ Report for the year ended 31 March 2021 (continued)**
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The trustees are responsible for preparing a trustees’ report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 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 charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
So far as the Board of Trustees are aware:
- There is no relevant information of which the charity’s independent examiners are unaware; and
- • They have taken all steps that they ought to have taken as Trustees in order to make themselves aware of any relevant information and to establish that the Charity’s independent examiners are aware of that information.
Purple Lime Accountancy will be proposed for reappointment as Independent Examiners.
The trustees’ report was approved by order of the board of trustees on 21 January 2022 and signed on the board's behalf by:
......................................................... **Steve Strong – Chairperson**
7
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## **Independent Examiner’s Report to the Trustees of Ardagh Community Trust**
## **Independent examiner’s report to the trustees of Ardagh Community Trust**
I report to the charity trustees on my examination of the accounts of the Ardagh Community Trust for the period ended 31 March 2021 which are set out on pages 9 to 24.
This report is made solely to the charity’s Trustees, as a body, in accordance with section 154 of the Charities Act 2011 (‘the Act’). My independent examiner’s work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity, the charity’s members as a body and the charity’s Trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.
## **Responsibilities and basis of report**
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Act.
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
On completing my examination, I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- a) accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- b) the accounts do not accord with those records;
- c) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
- d) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Oliver Thomas Purple Lime
Date 21 January 2022
8
DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
## **Ardagh Community Trust Statement of Financial Activities (incorporating an Income and Expenditure Account) for the year ended 31 March 2021**
|Unrestricted
funds
Notes
£
**Income from:**
Donations and legacies
3
49,071
Other trading activities
4
69
Investments
5
-
**Total income**
49,140
**Expenditure on:**
Charitable activities
8
26,525
**Total expenditure**
26,525
22,615
Transfers between funds
20
6,468
**Net movement in funds**
29,083
**Reconciliation of funds**
Total funds brought forward
204,909
**Total funds carried forward**
233,991
**Net income / (expenditure)**|Unrestricted
funds
Notes
£
**Income from:**
Donations and legacies
3
49,071
Other trading activities
4
69
Investments
5
-
**Total income**
49,140
**Expenditure on:**
Charitable activities
8
26,525
**Total expenditure**
26,525
22,615
Transfers between funds
20
6,468
**Net movement in funds**
29,083
**Reconciliation of funds**
Total funds brought forward
204,909
**Total funds carried forward**
233,991
**Net income / (expenditure)**|Restricted
funds
£
84,195
-
-|**Total**
**funds**
**2021**
**£**
**133,266**
**69**
**-**|Total
funds
2020
£
305,097
42
12|
|---|---|---|---|---|
||49,140|84,195|**133,335**|305,151|
|||38,301|**64,826**|104,171|
||26,525|38,301|**64,826**|104,171|
|||45,894
(6,468)|**68,509**
**-**|200,980
-|
||29,083|39,426|**68,509**|200,980|
||204,909|30,287|**235,196**|34,216|
||233,991|69,713|**303,704**|235,196|
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources and resources expended arise from continuing activities, comparative figures for each fund class are provided in the notes to the accounts.
The notes form part of these financial statements
9
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## **Ardagh Community Trust Balance Sheet as at 31 March 2021**
|Notes
**Fixed assets**
Tangible assets
15
**Current assets**
Debtors
16
Cash at bank and in hand
**Liabilities**
Creditors falling due within one year
17
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Funds**
Restricted
20
Unrestricted
20
**Total funds**|Registered Charity number: 1172556
**2021**
2020
**£**
£
**220,084**
184,307
**40,815**
32,488
**70,231**
45,768
**111,046**
78,256
**(27,426)**
(27,367)
**83,620**
50,889
**303,704**
235,196
**303,704**
235,196
**69,713**
30,287
**233,991**
204,909
**303,704**
235,196|Registered Charity number: 1172556
**2021**
2020
**£**
£
**220,084**
184,307
**40,815**
32,488
**70,231**
45,768
**111,046**
78,256
**(27,426)**
(27,367)
**83,620**
50,889
**303,704**
235,196
**303,704**
235,196
**69,713**
30,287
**233,991**
204,909
**303,704**
235,196|
|---|---|---|
|||78,256
(27,367)|
|||50,889|
|||235,196|
|||235,196|
|||30,287
204,909|
|||235,196|
The Trustees acknowledge their responsibilities for:
- (a) ensuring that the organisation keeps proper accounting records; and
- preparing accounts which give a true and fair view of the state of affairs of the organisation as at the end of the financial
- (b) period and of its profit or loss for the financial period.
The accounts 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) (effective 1 January 2019).
The financial statements were approved by the Board on 21 January 2022 and were signed on its behalf by:
...................................................... Steve Strong - Chairperson ...................................................... Peter Walker - Trustee
The notes form part of these financial statements
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## **Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2021**
## **1 Accounting policies**
The principal accounting policies adopted, judgements and key sources of estimation in the preparation of the financial statements are as follows:
## **a) Accounting convention**
Ardagh Community Trust is a charity registered in England and Wales. The address of the registered office is given in the reference and administration details on page 1 of these financial statements. The nature of the charity’s operations and principal activities are detailed within the Trustees’ Report.
Ardagh Community Trust meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared on a going concern basis under the historical cost convention, and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice 2019 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
## **b) Income recognition**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from grants, whether capital or revenue, 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.
Interest receivable on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
All other income is recorded on an accruals basis except for subscriptions and website income that are accounted for on a receipts basis.
## **c) Expenditure recognition**
Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been classified under the following headings:
Costs of raising funds comprise the costs incurred in attracting voluntary income, and those incurred in trading activities to raise funds.
Charitable activities comprise both direct costs, grants payable and support costs relating to these activities.
Irrecoverable VAT is charged against charitable activities in proportion to indirect costs that have been incurred.
11
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## **Ardagh Community Trust**
## **Notes to the financial statements for the year ended 31 March 2021 - continued**
## **1 Accounting policies (continued)**
Grants payable to third parties are within the charitable objectives. Unconditional grants are accrued during the period to which they relate, according to the agreed payment schedule, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
## **d) Allocation of support costs**
Support costs include central functions and governance costs and have been allocated on a basis consistent with the use of resources, e.g. by the time spent or the estimated usage. Details of support costs allocated are set out in note 10.
## **e) Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
|over its estimated useful life.||
|---|---|
|Improvements to property|3 years on straight line basis|
|Fixtures and fittings|3 years on straight line basis|
|Office equipment|3 years on straight line basis|
Fixed assets are stated at original cost or, if donated, the value at date of receipt, less accumulated depreciation. Expenditure on assets is capitalised if the expenditure amounts to £500 or more.
## **f) Taxation**
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011.
## **g) Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in note 20.
## **h) Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **i) Operating leases**
Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease.
## **j) Going concern**
Trustees are confident that they have robust strategies in place, as set out in the reserves policy in the trustees report, enabling the charity to continue to adopt the going concern basis in preparing the financial statements.
## **k) Cash at bank in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **l) Debtors receivable and creditors payable**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
12
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## **Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2021 - continued**
## **2 Fund comparatives**
|**Income from:**
Donations
Grant
Other trading activities
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income / (expenditure)**
Gross transfers between funds
**Net movement in funds**|Unrestricted
funds
Restricted
funds
2021
2021
£
£
20,210
-
28,861
84,195
69
-
49,140
84,195
26,525
38,301
26,525
38,301
22,615
45,894
6,468
(6,468)
29,083
39,426|**Total**
**funds**
**2021**
**£**
**20,210**
**113,056**
**69**|
|---|---|---|
|||**133,335**|
|||**64,826**|
|||**64,826**|
|||**68,509**
**-**|
|||**68,509**|
The table above is included to provide comparative figures for the unrestricted and restricted split of income and expenditure as presented in the preceding financial year.
13
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## **Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2021 - continued**
## **3 Donations and legacies**
|Donations
Grants
Gift Aid
Miscellaneous Income
**4**
Membership fees
Court Bookings
**5**
Deposit account interest
**Other trading activities**
**Investment income**|**2021**
**£**
**19,736**
**113,056**
**307**
**167**
**133,266**
**2021**
**£**
**9**
**60**
**69**
**2021**
**£**
**-**|2020
£
10,982
291,578
2,538
-|
|---|---|---|
|||305,098|
|||2020
£
11
31|
|||42|
|||2020
£|
|||11|
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## **Ardagh Community Trust**
## **Notes to the financial statements for the year ended 31 March 2021 - continued**
## **6 Incoming resources from charitable activities**
|Membership Fees
Court Bookings
**7**
Purchases
**8**
Charitable activities
**9**
If applicable
**Grants payable**
**Expenditure on raising funds**
**Charitable activities costs**|Direct costs
£
-
-|Grant funding of
activities
(See note 9)
£
-
-|**2021 total**
**activities**
**£**
**9**
**60**
**69**
**2021**
**£**
**-**
**-**
Support costs
(See note 10)
£
64,826
64,826
**2021**
**£**
**-**
**-**|2020 total
activities
£
11
31|
|---|---|---|---|---|
|||||42|
|||||2020
£
-|
|||||-|
|||||**Totals**
**£**
**64,826**|
|||||**64,826**|
|||||2020
£
-|
|||||-|
15
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## **Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2021 - continued**
## **10 Support costs**
|Freelance Gardening Services
Audit & Accountancy fees
Paypal fees
Gardening Materials/Equipment
Fund Transferral to HC CIC
Fund transfers for Salaries to HC CIC
Funding Deposits
Consulting
Depreciation Expense
General Expenses
Insurance
Legal Expenses
Printing & Stationery
IT Software and Consumables
Small Equipment
Subscriptions
Telephone & Internet
Travel - National
Bad Debt Provision|_Veolia_
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|_Enovert_
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|_AHF_
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|_Cooperative_
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|_Power2_
_Change_
£
-
-
-
-
3,854
25,000
-
-
-
-
-
5,200
103
-
480
-
80
-
-|_Postcode_
_Local Trust_
£
2,780
-
-
804
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|_Quartet C19_
_Recovery &_
_Stabilisation_
_Fund_
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|_Weslyan_
_Foundation_
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|_Asset_
_Depreciation_
_Fund_
£
-
-
-
-
-
-
-
-
3,077
-
-
-
-
-
-
-
-
-
-|_Unrestricted_
_General_
£
-
2,900
6
899
1,934
14,131
-
-
0
149
1,528
495
11
474
143
86
460
233
-|**2021**
**£**
**2,780**
**2,900**
**6**
**1,703**
**5,788**
**39,131**
**-**
**-**
**3,077**
**149**
**1,528**
**5,695**
**114**
**474**
**624**
**86**
**540**
**233**
**-**|2020
£
-
1,399
1
-
18,846
54,844
9,370
10,337
685
95
1,519
5,981
89
246
46
98
-
73
542|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||-|-|-|-|34,717|
3,584|
-|-|3,077|
23,448|
**64,826**|
**104,171**|
Support costs have been allocated between charitable activities on the basis of either time spent or the estimated usage of each expense. Some costs have been allocated in full, where they have been identified as specifically relating to a charitable activity.
## **11 Governance costs**
|**Governance costs**|||
|---|---|---|
|Corporation tax
Professional fees
Accountants charges for indepenent examination
Accountants charges for other services
This is stated after charging / (crediting):
Auditors'/Independnet Examiners remuneration
Auditors'/Independent Examiners remuneration for non-audit work
Depreciation
Operating lease rentals
**Net income / (expenditure) for the year**|**2021**
**£**
**-**
**-**
**2,900**
**-**|2020
£
-
-
869
-|
||**2,900**|869|
||**2021**
**£**
**900**
**2,000**
**3,077**
**-**|2020
£
869
-
685
-|
## **12 Net income / (expenditure) for the year**
16
DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
## **Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2021 - continued**
## **13 Analysis of staff costs and employee benefits, trustee and key management personnel remuneration and expenses**
|Wages and salaries
Social security costs
Other pension costs|**2021**
2020
**£**
£
**-**
-
**-**
-
**-**
-|
|---|---|
||**-**
-|
The average head count during the year was nil (2020: nil), these employees were distributed as follows:
|Charitable - full-time
Charitable - part-time tutors
Governance and support|**2021**
2020
**-**
-
**-**
-
**-**
-|
|---|---|
||**-**
-|
The number of employees who received total employee benefits (excluding employer pension contributions) of more than £60,000 were as follows:
|£60,001 - £70,000
£70,001 - £80,000
£80,001 - £90,000
£90,001 - £100,000
£100,001 - £110,000|**2021**
2020
**-**
-
**-**
-
**-**
-
**-**
-|
|---|---|
||**-**
**-**|
No trustee was paid nor received any other benefit from employment with the charity during either the current or preceding year.
The key management personnel of the charity comprises the trustees to whom responsibility for the day-to-day activities of the charity is delegated.
## **14 Pension costs**
The charity made no pension contributions in 2021 and 2020.
17
DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
## **Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2021- continued**
## **15 Tangible fixed assets**
|£
**Cost**
At 1 April 2020
8,000
Additions
-
**At 31 March 2021**
8,000
**Depreciation**
At 1 April 2020
667
Charge for year
2,667
**At 31 March 2021**
3,334
**Net book value**
At 31 March 2021
4,666
At 31 March 2020
7,333
Improvements to
property|£
**Cost**
At 1 April 2020
8,000
Additions
-
**At 31 March 2021**
8,000
**Depreciation**
At 1 April 2020
667
Charge for year
2,667
**At 31 March 2021**
3,334
**Net book value**
At 31 March 2021
4,666
At 31 March 2020
7,333
Improvements to
property|£
-
2,070
Fixtures
and fittings|£
95
-
Office
equipment|**Totals**
£
**£**
176,897
**184,992**
36,784
**38,854**
Asset under
Construction|
|---|---|---|---|---|
||8,000|2,070|95|213,681
**223,846**|
||667
2,667|-
378|18
32|-
**685**
-
**3,077**|
||3,334|378|50|-
**3,762**|
||||||
||4,666|1,692|45|213,681
**220,084**|
||||||
||7,333|-|77|176,897
**184,307**|
## **16 Debtors**
|Trade debtors
Prepayments and accrued income
Other debtors
HM Revenue and Customs|**2021**
**£**
**22,259**
**-**
**16,495**
**2,061**
**40,815**|2020
£
-
-
8,799
23,689|
|---|---|---|
|||32,488|
18
DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
## **Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2021 - continued**
## **17 Creditors: amounts falling due within one year**
|Trade creditors
Social security and other taxes
Corporation Tax
Other creditors
Accruals and deferred income
Deferred income at 1 April 2020
Incoming resources deferred in the current year
Amounts released from the previous year
Deferred income at 31 March 2021|**2021**
**£**
**24,526**
**-**
**-**
**-**
**2,900**|2020
£
26,498
-
-
-
869|
|---|---|---|
||**27,426**|27,367|
||£
-
-
-||
||-||
## **18 Operating lease commitments**
Total future minimum lease payments under non-cancellable operating leases are as follows:
|Expiring:
Within one year
Between one and five years
Over five years|**2021**
**£**
-
-
-
**Land and**|2020
£
-
-
-
-
**buildings**|**2021**
2020
**£**
£
-
-
-
-
-
-
**-**
-
**Other operating leases**|**2021**
2020
**£**
£
-
-
-
-
-
-
**-**
-
**Other operating leases**|
|---|---|---|---|---|
||**-**||**-**|-|
## **19 Analysis of net assets between funds**
|Fixed assets
Current assets
Current liabilities|Unrestricted
funds
£
220,084
41,333
(27,426)|Restricted
funds
£
-
69,713
-
69,713|**2021**
**Total funds**
**£**
**220,084**
**111,046**
**(27,426)**|2020
Total funds
£
184,307
78,256
(27,367)|
|---|---|---|---|---|
||233,991||**303,704**|235,196|
19
DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
## **Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2021 - continued**
## **20 Movement in funds**
|**Unrestricted funds:**
General Fund
**Designated funds**
Asset Depreciation Fund
**Restricted funds:**
Weslyan Foundation
Quartet C19 Recovery & Stabilisation
Fund
Postcode Local Trust
Power2Change
Cooperative
AHF
Enovert
Veolia
**TOTAL FUNDS**|**At 1 April**
**2020**
£
20,602
184,307
**204,909**
-
-
-
38,414
7,422
-
484
(16,033)
**30,287**
**235,196**|**Net movement**
**in funds**
£
25,692
(3,077)
**22,615**
9,600
10,000
16,416
(4,717)
-
-
-
14,595
**45,894**
**68,509**|£
(32,386)
38,854
**6,468**
-
-
-
-
(7,422)
-
(484)
1,438
**(6,468)**
**-**
**Transfers**
**between funds**|**At 31 March**
**2021**
**£**
**13,908**
**220,084**|
|---|---|---|---|---|
|||||**233,991**|
|||||**9,600**
**10,000**
**16,416**
**33,697**
**-**
**-**
**-**
**-**|
|||||**69,713**|
||||||
|||||**303,704**|
Net movement in funds, included in the above are as follows:
|**Unrestricted funds:**
General Fund
**Designated funds**
Asset Depreciation Fund
**Restricted funds**
Weslyan Foundation
Quartet C19 Recovery & Stabilisation
Fund
Postcode Local Trust
Power2Change
Cooperative
AHF
Enovert
Veolia
**TOTAL FUNDS**|Incoming
resources
£
49,140
-
49,140
9,600
10,000
20,000
30,000
-
-
-
14,595
84,195
133,335|Resources
expended
£
(23,448)
(3,077)
(26,525)
-
-
(3,584)
(34,717)
-
-
-
-
(38,301)
(64,826)|Movement in
funds
£
25,692
(3,077)|
|---|---|---|---|
||||22,615|
||||9,600
10,000
16,416
(4,717)
-
-
-
14,595|
||||45,894|
|||||
||||68,509|
20
DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
## **Ardagh Community Trust**
## **Notes to the financial statements for the year ended 31 March 2021 - continued**
## **20 Movement in funds - continued**
The tables below include comparative figures for movements in funds during the year ended 31 March 2020.
|**At 1 April**
**2019**
**Net movement**
**in funds**
£
£
**Unrestricted funds:**
_General Funds_
17,860
(12,471)
_Designated funds_
Asset Depreciation Fund
-
(680)
**17,860**
**(13,151)**
**Restricted funds:**
Power2Change
6,882
122,383
Cooperative
9,474
31
AHF
-
15,412
Enovert
-
49,200
Veolia
-
27,105
**16,356**
**214,131**
**TOTAL FUNDS**
**34,216**
**200,980**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds:**
**General funds**
35,272
**Designated funds**
Asset Depreciation Fund
-
35,272
**Restricted funds**
Power2Change
171,743
Cooperative
31
AHF
21,000
Enovert
50,000
Veolia
27,105
269,879
**TOTAL FUNDS**
305,151|£
15,213
184,987
**200,200**
(90,851)
(2,083)
(15,412)
(48,716)
(43,138)
**(200,200)**
**-**
Resources
expended
£
47,743
680
48,423
49,360
-
5,588
800
-
55,748
104,171
**Transfers**
**between funds**|**At 31 March**
**2020**
**£**
**20,602**
**184,307**|
|---|---|---|
|||**204,909**|
|||**38,414**
**7,422**
**-**
**484**
**(16,033)**|
|||**30,287**|
||||
|||**235,196**|
|||Movement in
funds
£
(12,471)
(680)|
|||(13,151)|
|||122,383
31
15,412
49,200
27,105|
|||214,131|
||||
|||200,980|
21
DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
## **Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2021 - continued**
## **20 Movement in funds - continued**
## **Designated funds** Asset Depreciation Fund
The fund is used to hold any expenditure relating to all assets including that of the asset under constructiont. It is also where depreciation is charged against the assets
## **Restricted funds**
Power2Change
The fund has number of purposes:
1) Business Development Support Fund - Peer support to develop and strengthen the organisation.
2) Community Business Fund - To support Ardagh Community Trust to achieve a step change in sustainability for the Café on the Common
## Cooperative
The fund is used to support costs of Project Ardagh
## AHF
The fund is used to support costs of developing Project Ardagh
## Enovert
The fund is used regenerate part of the Ardagh Pavilion building to create a community hub
## Postcode Local Trust
Used to support Project Ardagh as a smalle charity good cause in the west of England.
## Veolia
The fund is used to improve access and facilities at the Ardagh Pavilion.
## Weslyan Foundation
The fund is used to financial support for projects to promote health, education, innovation and social development projects.
## Quartet C19 Recovery & Stabilisation Fund
The fund is used to recover and stablise the activities of the charity due to COVID-19.
## **Transfers between funds**
Transfers of £6,468 have been made from restricted funds to account for internally recharged costs to funded programmes.
22
DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
## **Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2021 - continued**
## **21 Related party disclosures**
Horfield Common Community Interest Company (Company Registration Number: 09899579) is a company limited by guarantee which has the following trustees as directors:
Victoria Kaye Stephen Strong Fiona Wright
Recharged expenditure to Horfield Common Community Interest Company of £44,918 (2020:£73,690) during the year. At the year end, Horfield Common Community Interest Company was owed £10,540 by Ardagh Community Trust (2020: £8,799 owed to)
Also, in the year Ardagh Community Trust received a donation of £16,495 (2020:£8,799) from the Horfield Common Community Interest Company
## **22 Ultimate controlling party**
The trustees consider that the charity is jointly controlled by the trustees and that there is no ultimate controlling party.
23
DocuSign Envelope ID: 469BB2EF-A78D-457C-99F5-565643D367D1
## **Ardagh Community Trust**
## **Detailed Statement of Financial Activities for the year ended 31 March 2021**
|**INCOME**
**Donations**
Grants
Donations
Subscriptions
**Other trading income**
Membership fees
Court Bookings
**Investment income**
Deposit account interest
**Total income**
**EXPENDITURE**
**Support costs**
Freelance Gardening Services
Audit & Accountancy fees
Paypal fees
Gardening Materials/Equipment
Fund Transferral to HC CIC
Fund transfers for Salaries to HC CIC
Funding Deposits
Consulting
Depreciation Expense
General Expenses
Insurance
Legal Expenses
Printing & Stationery
IT Software and Consumables
Small Equipment
Subscriptions
Telephone & Internet
Travel - National
Bad Debt Provision
Total expenditure
**Net movement in funds**|**2021**
**£**
**113,056**
**20,210**
**-**
**133,266**
**9**
**60**
**69**
**-**
**133,335**
**2,780**
**2,900**
**6**
**1,703**
**5,788**
**39,131**
**-**
**-**
**3,077**
**149**
**1,528**
**5,695**
**114**
**474**
**624**
**86**
**540**
**233**
**-**
**64,826**
**64,826**
**68,509**|2020
£
291,578
13,520
-|
|---|---|---|
|||305,098
11
31|
|||42
11|
|||305,151|
|||-
1,399
1
-
18,846
54,844
9,370
10,337
685
95
1,519
5,981
89
246
46
98
-
73
542
-|
|||104,171|
|||104,171|
|||200,980|
24